Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 103

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 103
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’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, on an annual basis, the appropriate characteristics, skills and experience required for the Board as a whole and its individual
members. In evaluating the suitability of individual candidates (both new candidates and current members), the Board, in approving (and,
in the case of vacancies, appointing) such candidates, will take into account many factors, including the following:

    ●
    personal
    and professional integrity;

    ●
    ethics
    and values;

    ●
    experience
    in the industries in which we compete;

    ●
    experience
    as a director or executive officer of another publicly held company;

    ●
    diversity
    of expertise and experience in substantive matters pertaining to our business relative to other board members;

    ●
    conflicts
    of interest; and

    ●
    practical
    business judgment.

Family
Relationships

There
are no family relationships among our executive officers or members of our board of directors.

Significant
Employees

While
the Company has engaged various consultants, other than management, we currently have no significant employees