Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 395

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 395
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 critical factor in our business strategy. Regulatory bodies worldwide are increasingly enforcing strict data protection measures, and violations of privacy laws may result in substantial penalties.

To comply with data protection laws, including the Australian Privacy Act, PRC PIPL, and GDPR (where applicable), Btab employs security protocols, user consent mechanisms, and compliance monitoring to ensure the responsible handling of customer and business data.

### Regulatory Uncertainty and Potential Impact on Business
Given the dynamic nature of regulatory environments, Btab actively monitors changes in trade policies, eCommerce regulations, and data protection laws that could impact our operations. Compliance-related costs, potential fines, or legal challenges could pose risks to our financial performance. As we expand our market presence, we remain committed to adhering to evolving legal requirements and implementing best-in-class compliance measures.

#### Legal Proceedings
From time to time, we may be involved in various legal proceedings arising from the normal course of business activities. We are not presently a party to any litigation the outcome of which we believe, if determined adversely to us, would individually or taken together have a material adverse effect on our business, financial condition and results of operations.

#### Corporate Headquarters
Our corporate headquarters are located in Sydney and Perth Australia, which are leased through our subsidiary Btab Ecommerce Services Pty Ltd. Both the offices have a combined space of approximately 700 sqm.

We have a furniture manufacturing facility in Western Australia. The size of the factory is approximately 4100 sqm, includes a product showroom of approximately 500 sqm. This facility also serves as a research and development center for new products. The building is leased through our subsidiary Lounge Innovation WA Pty Ltd.

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We have another product showroom for home products in Western Australia, the size is approximately 1,200 sqm, leased through our subsidiary T E Wang Pty Ltd.

We have a warehouse in Western Australia, size is approximately 1,000 sqm, leased through our subsidiary T E Wang Pty Ltd.

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### BTAB MANAGEMENT’S DISCUSSION AND ANALYSIS OF

### FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Unless the context otherwise requires, references to “we,” “us”, “our”, “Btab” and the “Company” in this section are to the business and operation of Btab Group Inc prior to the Business Combination. The following discussion and analysis should be read in conjunction with Btab’s financial statements and related notes ther