Company: FWFW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001641172-25-009382
Chunk: 11

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part II, Item 8
Chunk 11
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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.

As
a result of the Mega Fortune Disposition, the Company is now classified as a “shell company”.

16

Shell
Company

Under
SEC Rule 405, the Company qualifies as a “shell company” due to its nominal assets and lack of significant operations. Management
has no plans to develop a market for the Company’s securities, either debt or equity, until a successful business combination is
completed or an operating business is developed. The Company will continue to comply with the periodic reporting requirements of the
Act as long as it remains subject to them.

Plan
of Operation

The
Company’s primary objective for the next 12 months and beyond is to achieve long-term growth through a business combination or
the successful development of its operating business. As of the date of this report, the Company has not entered into any definitive
agreements or specific discussions with potential business combination candidates. The Company has unrestricted flexibility in seeking,
analyzing, and participating in potential business opportunities.

Potential
Acquisition Structure

Should
the Company pursue an acquisition, for which no assurances can be given, the structure of the transaction will depend on the specific
opportunity, the needs of the Company, and the negotiating strength of