Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 99

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 15
Chunk 99
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ITEM
15. CONTROLS AND PROCEDURES

Evaluation
of disclosure controls and procedures

Management’s
Annual Report on Internal Control over Financial Reporting

Management
is responsible for establishing and maintaining adequate internal control over financial reporting at the Company. The Company’s
internal control over financial reporting is a process designed under the supervision of the Chief Executive Officer and Chief Financial
Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external reporting purposes in accordance with generally accepted accounting principles, and includes those policies and procedures
that:

●
Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of
the assets of the Company;

●
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with
authorizations of management and directors of the Company; and

●
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s
assets that could have a material effect on the financial statements.

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.

Our
Chief Executive Officer and the Chief Financial Officer conducted an evaluation of the effectiveness of our internal control over financial
reporting as of December 31, 2024, based on the framework and criteria established in Internal Control - Integrated Framework,
issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Because
of the material weakness in our internal control over financial reporting discussed below, our Chief Executive
Officer and Chief Financial Officer concluded that, as of December 31, 2024, our disclosure controls and procedures were not effective.
In light of this fact, our Chief Executive Officer and Chief Financial Officer have performed additional analyses, reconciliations, and
other post-closing procedures and have concluded that, notwithstanding the material weakness in our internal control over financial reporting,
the consolidated financial statements for the periods covered by and included in this Annual Report on Form 20-F fairly present, in all
material respects, our financial position, results of operations and cash flows for the periods presented in conformity with GAAP.