Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 187

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1C
Chunk 187
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 entered into subscription agreements with 29 investors pursuant to which Sparta
sold 4,764,547 shares of common stock of the Company for an aggregate purchase price of $12,975,348.18. The sale was made pursuant to
an exemption from securities registration provided under Regulation S of the Securities Act. Accordingly,
as of the date of this Annual Report on Form 10-K, Sparta is currently the holder of 11,455,645 shares of common, or approximately 38.71%
of 29,591,164 stock issued and outstanding.

On
July 5, 2024, the Company entered into a share purchase agreement with Mericorn Company, which is 25% held by Ms. Tin Sze Wai, the spouse
of Tang Siu Fung, a significant shareholder of FWFW, for the sale of all of the equity in the Company’s wholly owned subsidiary,
Mega Fortune, which is comprised of the Company’s subsidiaries Ponte Fides, QBS System and QBS System at consideration of HK$56,360,000
(or approximately $7,230,000). Mericone Company transferred 938 shares of Elison, or 9.38%, held in the name of Mericone Company to FWFW.

ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The
following table shows the fees paid or accrued for the audit and other services provided by our independent auditors for the years ended:

    September 30, 2024  
    September 30, 2023 
  
    Audit and Quarterly Review Fees 
    $90,500  
    $145,550 

-24-

PART
IV

ITEM
15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

    Exhibit
    Number
     
    Description
  
    3.1.1
     
    Articles of Incorporation, filed as Exhibit 3.1 to Registration Statement on Form S-1, filed with the Securities and Exchange Commission on May 27, 2010.

    3.1.2
     
    Certificate of Amendment, effective April 26, 2013, filed as Exhibit 3.1 to Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 1, 2013.

    3.1.3
     
    Certificate of Amendment to the Articles of Incorporation filed with the Secretary of State of Nevada,