Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 0

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 0
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As
used in this annual report, the terms “we”, “us”, “our”, “the Company”, mean Flywheel
Advanced Technology, Inc. unless otherwise indicated.

Cautionary
Note Regarding Forward Looking Statements

This
report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements
regarding our ability to locate and acquire an operating business and the resources and efforts we intend to dedicate to such an endeavor,
our development of a viable business plan and commencement of operations, and our ability to locate sources of capital necessary to commence
operations or otherwise meet our business needs and objectives. All statements other than statements of historical facts contained in
this report, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management
for future operations, are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to
us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations
and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business
strategy and financial needs.

Corporate
History

Flywheel
Advanced Technology, Inc. (“FWFW” or the “Company”), formerly known as Pan Global Corp., was incorporated in
Nevada on April 30, 2010, under the name Savvy Business Support, Inc. (“Savvy”). Initially, Savvy provided general
business services and support to startups, small and medium-sized businesses, individuals, and other organizations but was categorized
as a shell company.

On
April 25, 2013, Savvy entered into a Stock Exchange Agreement (the “Pan Asia Exchange Agreement”) with Pan Asia Infratech
Corp. (“Pan Asia”), a Nevada corporation incorporated on July 13, 2012. Upon consummation of the Pan Asia Exchange Agreement
on April 26, 2013, Pan Asia became a wholly owned subsidiary of Savvy, and its business operations became those of the Company. Following
this transaction, Savvy amended its articles of incorporation to change its name to Pan Global Corp.

On
July 16, 2020, the Clark County, Nevada court appointed Custodian Ventures