Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 303

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 4
Chunk 303
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    ●
    The
    Company does not have written documentation of our internal control policies and procedures.

    ●
    All
    of the Company’s financial reporting is carried out by a financial consultant.

We
plan to rectify these weaknesses by implementing an independent board of directors, establishing written policies and procedures for
our internal control of financial reporting, and hiring additional accounting personnel at such time as we complete a reverse merger
or similar business acquisition.

Changes
in Internal Control over Financial Reporting.

There
have been no changes in our internal control over financial reporting during the year ended September 30, 2024, that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.

ITEM
9B. OTHER INFORMATION.

None.

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.

Not
applicable.

-20-

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The
following table sets forth the names and positions of our executive officers and directors. Directors will be elected at our annual meeting
of stockholders and serve for one year or until their successors are elected and qualify. Officers are elected by the Board and their
terms of office are, except to the extent governed by employment contract, at the discretion of the Board.

    Name
     
    Age
     
    Positions
  
    Luk
    Yuen Leung
     
    78
     
    President,
    Chief Executive Officer, and Chairman of the Board of Directors

Luk
Yuen Leung has exclusive experience in management and business development in the Garment and Textile Industry. From 1996 to present,
Mr. Luk served as director of Polytex Alliance Ltd., a Hong Kong company, where he is responsible for business development strategy and
the department’s management.

Election
of Directors and Officers

Directors
are elected to serve until the next annual meeting of stockholders and until their successors have been elected and qualified. Officers
are appointed to serve until the meeting of the Board following the next annual meeting of stockholders and until their successors have
been elected and qualified.

Director
Independence

The
Board currently consists of one (1) member. Our sole director is not independent. We are not currently subject to listing requirements
of any national securities exchange or inter-dealer quotation system which has requirements that a majority of the board