Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 185

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1C
Chunk 185
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 any unexercised options, stock that have not vested, or other equity
incentive plan awards.

Director
Compensation

To
date, we have not paid our directors any compensation for services on the Board.

Equity
Compensation Plan Information

The
Company does not have any securities authorized for issuance or outstanding under an equity compensation plan or equity compensation
grants made outside of such a plan.

Compensation
of Directors

To
date, we have not paid our directors any compensation for services on the Board.

Employment
Contracts, Termination of Employment, Change-in-Control Arrangements

There
are no arrangements for officers, employees or consultants that would result from a change-in-control.

Indebtedness
of Directors, Senior Officers, Executive Officers and Other Management

No
director, executive officer, associate or affiliate of our company during the last two fiscal years is or has been indebted to our company
by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The
following table sets 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%.