Company: FTII
Filing Date: 2025-01-21
Form Type: 10-Q/A
Source: 0001493152-25-003104
Chunk: 44

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-21
Form: 10-Q/A
Chunk 44
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 processed, summarized and reported within the time period specified in the SEC’s rules and forms.Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions regarding required disclosure.

Our management evaluated, with the participation of our current CEO and CFO (our “Certifying Officers”), the effectiveness of our disclosure controls and procedures as of June 30, 2024 pursuant toRule 13a-15€ under the Exchange Act. Based on such evaluation, our Certifying Officers concluded that, as of June 30, 2024, our disclosure controls and procedures were not effective.

We do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud.
Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that
the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect
the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations
in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we
have detected all our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based
partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving
its stated goals under all potential future conditions.

Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and
maintaining adequate internal control over financial reporting (as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f))
for us. Under the supervision and with the participation of our Certifying Officers, our management assessed the effectiveness of our
internal control over financial reporting as of June 30, 2024 based on criteria specified in Internal Control - Integrated Framework (2013)
issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our assessment, our management, including our
chief executive officer and chief financial officer, concluded that, as of June 30, 2024, the internal control over financial reporting
was not effective due to a material weakness related to the accounting of the Extension Loans in the form of non-interest-bearing promissory
notes and related to the