Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 183

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1C
Chunk 183
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 and qualified. Officers
are appointed to serve until the meeting of the Board following the next annual meeting of stockholders and until their successors have
been elected and qualified.

Director
Independence

The
Board currently consists of one (1) member. Our sole director is not independent. We are not currently subject to listing requirements
of any national securities exchange or inter-dealer quotation system which has requirements that a majority of the board of directors
be “independent” and, as a result, we are not at this time required to have our Board comprised of a majority of “independent
directors.

Audit
Committee

We
do not presently have an audit committee. The Board currently acts as our audit committee.

Compensation
Committee

We
do not presently have a compensation committee. The Board currently acts as our compensation committee.

Nominating
Committee

We
do not presently have a nominating committee. The Board currently acts as our nominating committee.

Code
of Ethics

Our
Board has not adopted a Code of Ethics due to the Company’s size and lack of employees.

Board
Leadership Structure

We
have chosen to combine the Chief Executive Officer and Board Chairman positions.

-21-

Delinquent
Section 16(a) Reports

Not
Applicable

Involvement
in Certain Legal Proceedings

Our
sole director, who is also our sole executive officer, has not been involved in any of the following events during the past ten years:

    ●
    any
    bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the
    time of the bankruptcy or within two years prior to that time;

    ●
    any
    conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor
    offences);

    ●
    being
    subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction,
    permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities
    or banking activities; or

    ●
    being
    found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have
    violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

Board
Diversity

The
Board reviews