Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 669

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 6
Chunk 669
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 to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the Company’s auditor since 2023.

/s/ Adeptus Partners, LLC 

Adeptus Partners, LLC

PCAOB: 3686

Ocean, NJ

March 6, 2025  

F-2

KEEN VISION ACQUISITION CORPORATION

CONSOLIDATED BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 

    ASSETS 

    Current assets: 

    Cash at bank 
    $54,548  
    $631,753 
  
    Prepayment 
     9,238  
     233,862 
  
    Total current assets 
     63,786  
     865,615 
  
    Cash and investments held in trust account 
     70,373,065  
     154,823,318 

    TOTAL ASSETS 
    $70,436,851  
    $155,688,933 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $97,813  
    $4,000 
  
    Extension promissory note payable 
     600,000  
     - 
  
    Amount due to a related party 
     575,085  
     10,000 

    Total current liabilities 
     1,272,898