Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 159

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1B
Chunk 159
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 assessed the effectiveness of our internal control over financial reporting as of June 30, 2025.
In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(“COSO”) in Internal Control-Integrated Framework (2013). A material weakness is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s
annual or interim financial statements will not be prevented or detected on a timely basis. We have identified the following material
weaknesses:

    1.
    As of June 30, 2025, due to the inherent issue of segregation of duties in a small company, we have relied heavily on entity or management review controls and engaged an outside financial consultant to lessen the issue of segregation of duties over accounting, financial close procedures and controls over financial statement disclosure. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Changes in Internal Controls 

There has been no change in
our internal control over financial reporting that occurred during the quarter ended June 30, 2025 that has materially affected or is
reasonably likely to materially affect our internal control over financial reporting.

Item 9B. Other Information.

During the quarter ended June
30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule
10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections. 

Not applicable.

21

PART III

Item 10. Directors, Executive Officers and
Corporate Governance.

The following table sets forth
information about our executive officers and directors:

    Name
     
    Age
     
    Position
  
    Timothy Young
     
    60
     
    President, CEO, Acting CFO and Chairman of the Board of Directors
  
    David Raney
     
    70
     
    Director
  
    Dr. Syed Mubeen Jawahar Hussaini
     
    43
     
    Chief Technology Officer

Timothy Young – President, CEO, Acting
CFO and Chairman of the Board of Directors

Tim Young is an accomplished
executive with over fifteen years of management experience in media and Internet technology companies. Mr