Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 4

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
886 
  
    Net cash used in operating activities 
     (308,206) 
     (153,177)

    Cash flows from investing activities: 

    Extension payments deposited in Trust Account 
     (600,000) 
     - 
  
    Net cash used in investing activities 
     (600,000) 
     - 

    Cash flows from financing activities: 

    Advance from a related party 
     269,622  
     - 
  
    Proceed from extension promissory note payable - related party 
     600,000  
     - 
  
    Net cash provided by financing activities 
     869,622  
     - 

    NET CHANGE IN CASH 
     (38,584) 
     (153,177)

    CASH AT BANK, BEGINNING OF PERIOD 
     54,548  
     631,753 

    CASH AT BANK, END OF PERIOD 
    $15,964  
    $478,576 

    Non-cash investing and financing activities: 

    Accretion of carrying value to redemption value 
    $1,339,504  
    $2,011,447 

See accompanying notes to unaudited condensed consolidated
financial statements.

F-5

KEEN VISION ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

NOTE 1 -
ORGANIZATION AND BUSINESS BACKGROUND

Keen Vision Acquisition Corporation (the “Company”)
is a blank check company incorporated on June 18, 2021, under the laws of the British Virgin Islands for the purpose of acquiring, engaging
in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual
arrangements, or engaging in any other similar business combination with one or more businesses or entities (“Business Combination”).
The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination.

The Company is an early stage company and emerging
growth company and, as such, the Company is subject to all of the risks associated with early stage companies and emerging growth companies.
The Company has selected December 31 as its fiscal year end.

As of March 31, 2025, the Company had not commenced
any operations. All activities through March 31, 2025