Company: FWFW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001641172-25-009382
Chunk: 23

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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 Accounting Officer” for Securities and Exchange Commission (“SEC”) reporting purposes.

On
the same day, July 30, 2024, the Company appointed Luk Yuen Leung as President, Chief Executive Officer, and Chairman of the Board of
Directors, effective as of the close of business on July 30, 2024. 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 the Company. In
connection with his appointment as Chief Executive Officer and President, Mr. Leung was designated as the Company’s “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