Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 11

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 11
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 appointed to serve until his successor is duly appointed,
unless he resigns, is removed from office, or is otherwise disqualified from serving as an officer and/or director of the Company. In
connection with his appointment as Chief Executive Officer and President, Mr. Leung was designated as the Company’s “Principal
Executive Officer,” “Principal Financial Officer,” and “Principal Accounting Officer” for SEC reporting
purposes.

On
August 2, 2024, Cheng Sin Yi notified the Company of her resignation from all positions, including Secretary and Treasurer, effective
as of the close of business on August 2, 2024. Ms. Cheng’s resignation did not arise from any disagreement with the Company regarding
its operations, policies, or practices.

On
August 4, 2024, the Company appointed Luk Yuen Leung as Treasurer and Secretary, effective immediately, to serve until his successor
is duly appointed, unless he resigns, is removed from office, or is otherwise disqualified from serving as an officer of the Company.

On
August 5, 2024, Tang Siu Fung notified Blue Print of his resignation as the sole director of Blue Print. His resignation did not arise
from any disagreement with the Company regarding its operations, policies, or practices. On the same date, Blue Print appointed Luk Yuen
Leung as a director and officer, effective immediately. Mr. Leung was appointed to serve until his successor is duly appointed, unless
he resigns, is removed from office, or is otherwise disqualified from serving as an officer and/or director of Blue Print.

On
July 5, 2024, the Company and Mega Fortune, its wholly-owned subsidiary, completed the sale (the “Mega Fortune Disposition”)
to Mericorn Company Limited (“Mericorn” ), which is non-wholly owned and controlled by spouse of an owner of a significant
shareholder of FWFW, of all of the equity associated with Mega Fortune, which is comprised of the Company’ s subsidiaries, Ponte
Fides, QBS System and QBS System Pty, pursuant to a Share Purchase Agreement, dated as of July 5, 2024. Mega Fortune and its subsidiaries
are engaged in the business of provision of IoT maintenance and support services, IoT BPO services and IoT development services in Hong
Kong and Australia. Under the terms of the Share Purchase Agreement, Mericorn paid HK$56,360,000 (or approximately $7,230,000)