Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 36

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 36
---
 about the Company’s ability to continue as a going concern for the next twelve months from the date of issuance of the condensed consolidated financial statements included in this Quarterly Report. Management has implemented plans which are disclosed in Note 2. As a result of these actions, management believes that the substantial doubt about the Company’s ability to continue as a going concern has been alleviated.

There is no assurance that we will successfully carry out our plan to generate liquidity as described in Note 2 to our unaudited consolidated financial statements included in this Quarterly Report. If our planned operational initiatives are not successful or if we are unable to obtain additional financing or renegotiate the terms of our existing credit facilities or identify and successfully execute on other business opportunities or strategic transactions, we may need to scale back or discontinue certain or all of our initiatives to reduce costs or ultimately seek bankruptcy protection.

Item 2.      Unregistered Sales of Equity Securities and Use of Proceeds.

Item 3.      Defaults Upon Senior Securities.

None.

Item 4.      Mine Safety Disclosures.

Not applicable.

Item 5.      Other Information.

Trading Plans

During the three months ended September 30, 2025, no director or executive officer adopted, modified or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement", as each term is defined in Item 408(a) of Regulation S-K. 

43

Item 6.    Exhibits.

ExhibitNumberDescription3.1Second Amended and Restated Memorandum and Articles of Association of FGI Industries Ltd., effective January 27, 2022 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on January 27, 2022).3.2Amendment to the Amended and Restated Memorandum and Articles of Association of FGI Industries Ltd. (incorporated by reference from Exhibit 3.1 to the Company's Current Report on Form 8-K filed on July 29, 2025).31.1Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Executive Officer.31.2Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Financial Officer.32.1Section 1350 Certification of Principal Executive Officer and Principal Financial Officer.101The following material from FGI Industries Ltd.’s Quarterly Report on