Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 247

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 247
---
 Officer, and Chairman of the Board of Directors; Cheng Sin Yi as Secretary, and Treasurer; Tin Sze Wai as Director;
    Ip Tsz Ying as Director; Ho Yiu Chung as Director; and Lai Chi Chuen as Director.

    ●
    Name
    Change (November 21, 2021) – On November 21, 2021, Board of directors and majority shareholder approved the change of the
    Company’s name to “Flywheel Advanced Technology, Inc.”.

    ●
    Reverse
    Stock Split (July 13, 2022) – On July 13, 2022, the Company completed a 1:100 reverse stock split of the Company’s
    common stock which became effective on July 14, 2022. As of July 14, 2022, the 1:100 reverse stock split of the Company’s
    common stock became effective. Following the effectiveness of the reverse stock split, there are currently 1,551,550 shares of common
    stock issued and outstanding as compared to 155,155,000 shares of the Company’s common stock issued and outstanding prior
    to the reverse stock split.

    ●
    Ticker
    Symbol Change (August 5, 2022) – On August 5, 2022, the Company was informed by the FINRA that the new ticker symbol of
    the Company is “FWFW”.

    ●
    Issuance
    of Preferred Stock A-1 (September 15, 2022) – On September 15, 2022, the Company filed with the Secretary of State of the
    State of Nevada an Amendment (the “ Amendment ” ) to the Certificate of Designation for the Series A-1 Preferred Stock
    (the “Preferred Stock”). The Amendment was approved by the Board of Directors of the Company and Sparta Universal Industrial
    Ltd. (“Sparta”), the sole holder of all the 10,000,000 issued and outstanding shares of Preferred Stock. Pursuant to
    the Amendment, the conversion rate of the Preferred Stock was changed to provide that each share of Preferred Stock shall be convertible,
    at the option of the holder, into 1.62 fully paid and nonassessable shares of the Company’s common stock. The Amendment was
    necessary as the terms of the Certificate of Designation for the Preferred Stock expressly provided that the conversion ratio of
    162 shares