Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 864

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 864
---

     
    March
    31, 2025
  
    Dr.
    Joong Myung Cho

    /s/
    John Kim 
     
    Director
     
    March
    31, 2025
  
    John
    Kim

    /s/
    Young Min Kim
     
    Director
     
    March
    31, 2025
  
    Young
    Min Kim

    /s/
    Gary Wunderlich
     
    Director
     
    March
    31, 2025
  
    Gary
    Wunderlich

    /s/
    Zhe Zhang
     
    Director
     
    March
    31, 2025
  
    Zhe
    Zhang

76

VALUENCE
MERGER CORP. I

INDEX
TO FINANCIAL STATEMENTS

    Report of Independent Registered Public Accounting Firm (PCAOB ID Number 100)
    F-2
  
    Financial
    Statements:

    Balance Sheets
    F-3
  
    Statements of Operations
    F-4
  
    Statements of Changes in Shareholders’ Deficit
    F-5
  
    Statements of Cash Flows
    F-6
  
    Notes to Financial Statements
    F-7
    to F-22

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Shareholders and the Board of Directors of

Valuence
Merger Corp. I:

Opinion
on the Financial Statements

We
have audited the accompanying balance sheets of Valuence Merger Corp. I (the “Company”) as of December 31, 2024 and
2023, and the related statements of operations, changes in shareholders’ deficit and cash flows
for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our
opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31,
2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity with accounting
principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, if the Company is unable to raise additional funds to alleviate