Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 522

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 9B
Chunk 522
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 forth certain information regarding beneficial ownership of the Company’s common stock as of December 27,
2024, by (i) each person who is known by the Company to own beneficially more than 5% of any classes of outstanding common stock, (ii)
director of the Company, (iii) each of the Chief Executive Officers and the executive officers (collectively, the “Named Executive
Officers”) and (iv) all directors and executive officers of the Company as a group based upon 29,591,164 shares outstanding as of
December 27, 2024.

    Name and Address of Beneficial Owners of common stock1 
    Title of Class 
    Amount and Nature of Beneficial Ownership  
    % of Common Stock 
  
    Luk Yuen Leung 
    - 
     -  
     -%

    DIRECTORS AND OFFICERS – TOTAL  (1 person) 
    - 
     -  
     -%
  
    5% SHAREHOLDERS 

    Sparta Universal Industrial Ltd.2 
    common stock 
     11,455,645  
     38.71%
  
    QBS Flywheel Limited 
    common stock 
     8,939,600  
     30.21%

*
Less than 1%.

1
Unless otherwise indicated, the business address of each individual or entity listed in the table is c/o: Flywheel Advanced Technology,
Inc., 123 West Nye Lane, Suite 455, Carson City, Nevada 83702.

2
Tang Siu Fung, is the controlling shareholder of Sparta Universal Industrial Ltd., which holds 11,455,645 shares of the Company’s
common stock.

The
business address for QBS Flywheel Limited is “GATEWAY” L36, 1 Macquarie PI, Sydney, NSW 2000, Australia.

-23-

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

SEC
rules require us to disclose any transaction or currently proposed transaction in which the Company is a participant and in which any
related person has or will have a direct or indirect material interest involving the lesser of $120,000.00 or one percent (1%) of the
average of the Company’s total assets as of the end of last two completed fiscal years. A related person is any executive officer,
director, nominee for director, or holder of 5% or