<SEC-DOCUMENT>0001213900-25-102203.txt : 20251024
<SEC-HEADER>0001213900-25-102203.hdr.sgml : 20251024
<ACCEPTANCE-DATETIME>20251024162509
ACCESSION NUMBER:		0001213900-25-102203
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251024
FILED AS OF DATE:		20251024
DATE AS OF CHANGE:		20251024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hang Feng Technology Innovation Co., Ltd.
		CENTRAL INDEX KEY:			0002060083
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42835
		FILM NUMBER:		251416498

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ROOM 2806, 28/F, TOWER ONE,
		STREET 2:		LIPPO CENTRE, NO. 89 QUEENSWAY,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		BUSINESS PHONE:		(852) 3905 2399

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ROOM 2806, 28/F, TOWER ONE,
		STREET 2:		LIPPO CENTRE, NO. 89 QUEENSWAY,
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea0261521-6k_hangfeng.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>For the month of October 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Commission File Number: 001-42835</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Hang Feng Technology Innovation Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Unit 2806, 28/F, Tower One, Lippo Centre</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>No. 89 Queensway, Hong Kong</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Form 20-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng Technology Innovation Co., Ltd. is
furnishing its unaudited condensed consolidated financial statements and notes for the six months ended June 30, 2025 and 2024. The
financial statements and notes are attached as Exhibit 99.1 to this report of foreign private issuer on Form 6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Exhibits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; white-space: nowrap; vertical-align: top; width: 9%"><FONT STYLE="font-size: 10pt">Exhibit No.</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: justify; width: 90%"><FONT STYLE="font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="ea026152101ex99-1_hangfeng.htm">Unaudited Condensed Consolidated Financial Statements and
    Notes of Hang Feng Technology Innovation Co., Ltd. for the Six Months Ended June 30, 2025 and 2024</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #FEFEFE">
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>Hang Feng Technology Innovation Co., Ltd.</B></FONT></TD></TR>
  <TR STYLE="background-color: #FEFEFE">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #FEFEFE">
    <TD><FONT STYLE="font-size: 10pt">Date: October 24, 2025</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">/s/ XU Zhiheng</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #FEFEFE">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">XU Zhiheng</FONT></TD></TR>
  <TR STYLE="background-color: #FEFEFE">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Chief Executive Officer </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea026152101ex99-1_hangfeng.htm
<DESCRIPTION>UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES OF HANG FENG TECHNOLOGY INNOVATION CO., LTD. FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">As of<BR>
 June&nbsp;30,<BR>
 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">As of<BR>
 December&nbsp;31, <BR>
2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold">Assets</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold">Current Assets</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; width: 76%">Cash</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">3,710,545</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">2,534,502</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Accounts receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">166,628</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,266</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Receivable from shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Other receivables and prepaid expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,346</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">152,805</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Deferred offering costs</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">385,317</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left">Total current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,283,836</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,742,573</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Property and equipment, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,762</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,079</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Intangible assets, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">267,783</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">270,795</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Deferred tax assets, net</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">54,792</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">142,638</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">4,635,173</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">6,189,085</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left">Liabilities and shareholders&rsquo; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Account payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">65,314</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Deferred revenue (inclusive of $81,460 and 270,513 from
    related parties As of June 30, 2025 and December&nbsp;31, 2024 respectively)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">122,070</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">448,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Other payables and accrued liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,574</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162,073</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Due to related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,362,951</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Taxes payable</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">92,860</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">81,046</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left; padding-bottom: 1.5pt">Total current liabilities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">235,504</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">2,119,637</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left">Commitments and contingencies (Note 14)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: left">Shareholders&rsquo; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in">Ordinary shares, $0.0001 par value, 500,000,000 shares authorized,&nbsp;5,290,000 shares issued and outstanding as of June 30,2025 and December&nbsp;31,&nbsp;2024, respectively**</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">529</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">529</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Additional paid-in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,999,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,999,484</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Accumulated deficit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,568,162</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,931,686</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Accumulated other comprehensive (loss) income</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(32,182</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">1,121</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; font-weight: bold; text-align: left; padding-bottom: 1.5pt">Total shareholders&rsquo; equity</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">4,399,669</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">4,069,448</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total liabilities and shareholders&rsquo; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-style: normal; border-bottom: Black 4pt double; font-weight: normal; text-align: left">$</TD><TD STYLE="font-style: normal; border-bottom: Black 4pt double; font-weight: normal; text-align: right">4,635,173</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">6,189,085</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">**</TD><TD STYLE="text-align: justify">The share information is presented on a retrospective basis
to reflect the reorganization and stock split (Note&nbsp;1).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the&nbsp;Six&nbsp;Months Ended<BR> June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Revenue:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left; text-indent: -10pt; padding-left: 0.25in">Management consulting services</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">746,683</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Management consulting services-related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239,368</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt">Fund management revenue</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">251,666</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 0.375in">Total revenues</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">1,327,707</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">239,368</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Operating expenses:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Staff costs and employee benefits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(464,264</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(426,238</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Rental and office expenses (inclusive of $89,956 and nil from related parties for six months ended June 30, 2025 and 2024 respectively)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(110,155</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(244,251</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Professional fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(259,373</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,254</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 20pt">Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,975</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(860</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt">Other administrative expenses</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(10,152</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(341</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 30pt">Total operating expenses</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(847,919</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(701,944</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Income (Loss) from operations</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">479,788</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(462,576</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Other income (expense)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Interest income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,634</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">550</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Other expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(21,272</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt">Loss on short-term investment</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(628</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 30pt">Total other expenses, net</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(16,638</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(78</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Income (Loss) before income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">463,150</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(462,654</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Income tax expenses</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">99,626</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Net income (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">363,524</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(462,654</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Other comprehensive income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt">Foreign currency translation adjustment</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(33,303</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(3,202</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Comprehensive income (loss)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">330,221</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">(465,856</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Weighted average number of ordinary shares outstanding</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 20pt">Basic and diluted*</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">5,290,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">4,000,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt">Earnings (Loss) per share</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 20pt">Basic and diluted*</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">0.07</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">(0.12</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">The share information is presented on a retrospective basis
to reflect the reorganization and stock split (Note&nbsp;1).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS&rsquo; EQUITY(DEFICIT)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">Ordinary shares</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center; font-weight: bold">Additional<BR>
 paid-in</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center; font-weight: bold">Subscription</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center; font-weight: bold">Accumulated</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center; font-weight: bold">Accumulated<BR>
 other<BR>
 comprehensive</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">Shares*</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">Amount*</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center"><B>capital</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center"><B> &#8239;Receivable</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center"><B> &nbsp;Deficit</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center"><B> (loss) income</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; text-align: center"><B>Total</B></TD><TD STYLE="text-align: center; padding-bottom: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; width: 30%; font-weight: bold">Balance as of December&nbsp;31, 2024</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">5,290,000</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">529</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">5,999,484</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">(1,931,686</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">1,121</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">4,069,448</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Net income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">363,524</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">363,524</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Foreign currency translation</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(33,303</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(33,303</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; padding-bottom: 2.5pt">Balance as of June&nbsp;30, 2025 (Unaudited)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,290,000</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">529</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,999,484</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,568,162</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(32,182</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">4,399,669</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold">Balance as of December&nbsp;31, 2023</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,000,000</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">400</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(387</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(2,798,455</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,433</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(2,797,009</TD><TD STYLE="font-weight: bold; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left">Net loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(462,654</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(462,654</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt">Foreign currency translation</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(3,202</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(3,202</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; padding-bottom: 2.5pt">Balance as of June&nbsp;30, 2024 (Unaudited)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">4,000,000</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">400</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(387</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(3,261,109</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,769</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(3,262,865</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">The share information is presented on a retrospective basis
to reflect the reorganization and stock split (Note&nbsp;1).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
CONDENSED&nbsp;CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the&nbsp;Six&nbsp;Months Ended<BR> June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Cash flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left; text-indent: -10pt; padding-left: 0.25in">Net income(loss)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">363,524</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">(462,654</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 30pt">Depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">860</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Loss on Short-term investment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">628</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Change in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Increase in accounts receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(111,362</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Decrease in other receivables and prepaid expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">131,459</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,978</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Decrease in deferred tax assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87,846</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Decrease in accounts payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(65,314</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,970</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Decrease in other payables and accrued liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(141,499</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,010</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 30pt">Decrease in deferred revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(326,183</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 30pt">Increase in taxes payable</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">11,814</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 40pt">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(45,740</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(443,168</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">Cash flows from financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Proceeds from issuance of ordinary shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Loans from related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">389,333</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Repayment of loans to related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,362,951</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 20pt">Payment of deferred offering costs</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(385,317</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 0.5in">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">1,251,732</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">389,333</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Effect of exchange of rate on cash</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(29,949</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(3,390</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Increase (Decrease) in cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,176,043</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(57,225</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Cash, beginning of year</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">2,534,502</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">74,898</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Cash, end of year</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">3,710,545</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">17,673</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Supplemental disclosures of cash flow information</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Cash paid for income tax expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 20pt">Cash paid for interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Note&nbsp;1
</B></FONT><B>&mdash;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Nature of business and organization</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng Technology Innovation Co., Ltd. (&ldquo;Hang
Feng&rdquo;) is a holding company incorporated on October&nbsp;15, 2024, under the laws of the Cayman Islands. Hang Feng and all its subsidiaries
are hereafter referred to as the &ldquo;Company&rdquo;. The diagram below illustrates the Company&rsquo;s corporate structure:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT=""></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng has no substantial operations other
than holding all of the outstanding share capital of Starchain Investment Trading Limited (&ldquo;Starchain&rdquo;), Hang Feng Capital
Management Limited (&ldquo;HF CM&rdquo;), Shine Prosperity Holding Limited (&ldquo;Shine Prosperity&rdquo;) and Hang Feng Fund SPC (&ldquo;HF
Fund SPC&rdquo;). Shine Prosperity is also a holding company holding all of the outstanding share capital of Hang Feng International Asset
Management Limited (&ldquo;HF IAM&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HF CM was incorporated on November&nbsp;30, 2023
and on July&nbsp;25, 2024, Lifong Lee transferred 100 ordinary shares of HF CM, representing 100% equity interests of HF CM, to Hang Feng
International Holdings Co., Limited (&ldquo;HF Holdings&rdquo;) for US$1 (&ldquo;US$&rdquo; is to the lawful currency of the United&nbsp;States).
On October&nbsp;28, 2024, HF Holdings transferred these 100 ordinary shares of HF CM to Hang Feng for US$1, HF CM had no actual operations
as of the acquisition date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng acquired 100% equity interest in Shine
Prosperity by way of purchase, the equity transaction was approved by the Hong&nbsp;Kong Securities and Futures Commission (&ldquo;SFC&rdquo;)
on December&nbsp;30, 2024. The SFC authorizes corporations and individuals through licenses to act as financial intermediaries. Under&nbsp;the
Securities and Futures Ordinance (&ldquo;SFO&rdquo;), unless any exemption under the SFO applies, a corporation which is not an authorized
financial institution but carries out the following activities must be licensed by the SFC: (i)&nbsp;carrying on a business in a regulated
activity (or holding itself out as carrying on a business in a regulated activity); or (ii)&nbsp;actively marketing, whether by itself
or another person on its behalf and whether in Hong&nbsp;Kong or from a place outside Hong&nbsp;Kong, to the public any services it provides,
and such services would constitute a regulated activity if provided in Hong&nbsp;Kong. There are 13 types of regulated activities as defined
in schedule&nbsp;5 &ldquo;Regulated Activities&rdquo; to the SFO, of which the Type 4 and Type 9 are advising on securities and asset
management. HF IAM has the license of Type 4 and Type 9, which allows it to engage in advising on securities and asset management business
in Hong&nbsp;Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July&nbsp;25, 2024, HF Fund SPC was incorporated
under the laws of Cayman Islands as an exempt company with limited liability and as a wholly owned subsidiary of HF Holdings. On October&nbsp;29,
2024, Hang Feng acquired 100 ordinary shares of HF Fund SPC from HF Holdings for US$100. As of the acquisition date, HF Fund had no actual
operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;1 &mdash;&nbsp;Nature of business
and organization</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Starchain was controlled by its director and shareholder,
YEUNG, Sing Yuet Sherry, who is the wife of Mr.&nbsp;Fenglei Qian, the major shareholder of HF Holdings, from its incorporation until
October&nbsp;2024. On November&nbsp;1, 2024, YEUNG Sing Yuet Sherry transferred her 100% ownership in Starchain to Hang Feng, and Starchain
became a wholly-owned subsidiary of Hang Feng. The share transfer was accounted for as a business combination under common control, as
there was no change of control before or after the transfer of equity interests in Starchain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, through its subsidiaries, provides
management consulting services, asset and fund management services in Hong&nbsp;Kong. As of as of June&nbsp;30, 2025, the Company has
direct or indirect interests in the following subsidiaries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; vertical-align: bottom">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Background</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Ownership</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 33%; text-align: left">Starchain Investment Trading Limited (&ldquo;Starchain&rdquo;)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 33%; text-align: left">&#9679;&nbsp;A Hong&nbsp;Kong company <BR>&#9679;&nbsp;Incorporated on June&nbsp;12, 2017 <BR>&#9679;&nbsp;Management Consulting Services</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-align: left">100%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Shine Prosperity Holding Limited (&ldquo;Shine Prosperity&rdquo;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&#9679;&nbsp;A British Virgin Islands company <BR>&#9679;&nbsp;Incorporated on November&nbsp;13, 2020</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">100%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Hang Feng International Asset Management Limited (&ldquo;HF IAM&rdquo;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&#9679;&nbsp;A Hong&nbsp;Kong company <BR>&#9679;&nbsp;Incorporated on April&nbsp;1, 2019 <BR>&#9679;&nbsp;Asset Management</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">100% owned by Shine Prosperity</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Hang Feng Capital Management Limited (&ldquo;HF CM&rdquo;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&#9679;&nbsp;A British Virgin Islands company <BR>&#9679;&nbsp;Incorporated on November&nbsp;30, 2024 <BR>&#9679;&nbsp;Fund Management</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">100%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Hang Feng Fund SPC (&ldquo;HF Fund SPC&rdquo;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&#9679;&nbsp;A Cayman Islands company <BR>&#9679;&nbsp;Incorporated on July&nbsp;25, 2024</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">100%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company believed that it was appropriate to
reflect the reorganization on a retroactive basis as if such structure had existed at the beginning of the first period presented in the
accompanying consolidated financial statements and in accordance with Accounting Standards Codification (<FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT>ASC<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;</FONT>)
&nbsp;805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under
common control. The Company has retroactively adjusted all share and per share data for all periods presented. The consolidated financial
statements are prepared on the basis as if the reorganization became effective as of the beginning of the first year presented in the
consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company effected a stock split at a ratio
of 1-to-400 on February&nbsp;24, 2025 by issuing new shares to its shareholders in the same proportion. All references to numbers of ordinary
shares, per-share data and additional paid-in capital in the accompanying consolidated financial statements were adjusted to reflect such
issuance of shares on a retrospective basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Basis of presentation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The accompanying
unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted
in the United&nbsp;States of America (&ldquo;U.S.&nbsp;GAAP&rdquo;) pursuant to the rules and regulations of the Securities Exchange
Commission (&ldquo;SEC&rdquo;). The interim results of operations are not necessarily indicative of results to be expected for any other
interim period or for a full year. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered
necessary for a fair presentation of its financial position and operating results have been included. These financial statements should
be read in conjunction with the Company&rsquo;s audited consolidated financial statements and the related notes thereto for the fiscal&nbsp;years
ended December&nbsp;31, 2024 and 2023 included in the Company&rsquo;s registration statement on Form F-1, as amended (File No. 333-287284), filed on August 29, 2025.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Principles of consolidation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements include
the accounts of the Company and its wholly-owned subsidiaries. The financial statements of the subsidiaries are prepared for the same
reporting period as the Company, using consistent accounting policies. All significant inter-company transactions and balances between
members of the Company are eliminated in consolidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Foreign currency translation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company and its wholly-owned subsidiaries
use US$ as their reporting currency. The functional currency of the Company&rsquo;s subsidiaries in British Virgin Islands is US$
and the Company&rsquo;s subsidiaries in Hong&nbsp;Kong is Hong&nbsp;Kong dollar (&ldquo;HK$&rdquo;), which are their respective local
currencies based on the criteria of ASC&nbsp;830, &ldquo;Foreign Currency Matters&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the consolidated financial statements of the
Company, transactions in currencies other than the functional currency are measured and recorded in the functional currency using the
exchange rate in effect at the date of the transaction. At the balance sheet date, monetary assets and liabilities that are denominated
in currencies other than the functional currency are translated into the functional currency using the exchange rate at the balance sheet
date. All gains and losses arising from foreign currency transactions are recorded in the statements of operations during the year in
which they occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Translation of foreign currencies</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The functional currency is US$ for the Company&rsquo;s
British Virgin Islands operations and HK$ for all other entities&rsquo; operations. The Company&rsquo;s reporting currency is the US$.
Assets and liabilities denominated in foreign currencies are translated at year-end&nbsp;exchange rates, statements of operations accounts
are translated at average rates of exchange for the year and equity is translated at historical exchange rates. Any translation gains
or losses are recorded in other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included
in net income (loss).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the&nbsp;Six&nbsp;Months Ended<BR> June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%">Average rate</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">7.7985</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">7.8206</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of<BR> June&nbsp;30,<BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As
of<BR> December&nbsp;31,<BR>
2024</B></P></TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Year-end spot rate</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">7.8498</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">7.7625</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Use of estimates and assumptions</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements
in conformity with U.S.&nbsp;GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported
amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company&rsquo;s consolidated
financial statements include revenue recognition, the useful lives of property and equipment and intangible assets and impairment of long-lived
assets. Actual results could differ from these estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Fair value measurement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accounting standards regarding fair value
of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of
financial instruments held by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accounting standards define fair value, establish
a three-level valuation hierarchy for disclosures of fair value measurements and enhance disclosure requirements for fair value measures.
The three levels are defined as follow:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Level 1 inputs to the valuation methodology are quoted prices
(unadjusted) for identical assets or liabilities in active markets.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Level 2 inputs to the valuation methodology include quoted
prices, other than those included in Level 1 for similar assets and liabilities in active markets, and inputs that are observable for
the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Level 3 inputs to the valuation methodology are unobservable
and significant to the fair value.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The carrying amounts included in current assets
and current liabilities in the consolidated balance sheets approximate their fair values because of the short-term nature of such instruments.&nbsp;The
Company values its short term investment using quoted prices in active markets, and accordingly the Company classifies the valuation techniques
that use these inputs as Level&nbsp;1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Cash</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cash represents cash in bank accounts. The Company
maintains bank accounts in Hong&nbsp;Kong. Management believes that the Company is not exposed to any significant credit risk on cash.&nbsp;The
Company considers all short-term investments with an original maturity of three&nbsp;months or less when purchased to be cash equivalents.
As of June 30, 2025 and December&nbsp;31, 2024, the Company did not have any cash equivalents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Accounts receivable</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company adopted Accounting Standards Codification
&ldquo;Financial Instruments&nbsp;&mdash;&nbsp;Credit Losses&rdquo; (&ldquo;ASC&nbsp;326&rdquo;) on January&nbsp;1, 2023. Accounts receivables
are presented net of an allowance for doubtful accounts. The Company maintains an allowance for credit losses in accordance with ASC&nbsp;326
and records the allowance for credit losses as an offset to assets such as accounts receivable, and the estimated credit losses charged
to the allowance is classified as &ldquo;Asset impairment loss&rdquo; in statements of operations and comprehensive income. The Company
assesses collected ability by reviewing receivables on a collective basis where similar characteristics exist, primarily based on size,
nature and on an individual basis when identify specific customers with known disputes or collected ability issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In determining the amount of the allowance for
credit losses, the Company considers historical collectability based on past due status, the age of the receivable balances, credit quality
of the Company&rsquo;s customer based on ongoing credit evaluations, current economic conditions, reasonable and supportable forecasts
of future economic conditions, and other factors that may affect the Company&rsquo;s ability to collect from customers. Bad debts are
written off as incurred.&nbsp;No allowance was required as of June 30, 2025 and December&nbsp;31, 2024. The accounts receivable balance
of US$166,628 as of June&nbsp;30, 2025 was collected on July&nbsp;23, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Receivable from shareholders</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company issued new shares to five investors
on December&nbsp;30, 2024, and they recognized US$3&nbsp;million receivable from these investors as of December&nbsp;31, 2024, which was
subsequently received on January&nbsp;9, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Other receivables and prepaid expenses</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other receivables and prepaid expenses include
rental deposits for rents and advance payments made to vendors for certain services. An allowance for doubtful accounts may be established
and recorded based on management&rsquo;s assessment of the likelihood of collection. Management reviews these items on a regular basis
to determine if the allowance for doubtful accounts is adequate, and adjusts the allowance when necessary. Delinquent account balances
are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
No allowance was required as of June 30, 2025 and December&nbsp;31, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Leases</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for leases in accordance
with ASC Topic&nbsp;842, &ldquo;Leases&rdquo;(&ldquo;ASC&nbsp;842&rdquo;). The Company determines if an arrangement is a lease at inception.
All the Company&rsquo;s leases are operating leases. Operating lease right-of-use assets and operating lease liabilities are recognized
based on the present value of the future minimum lease payments over the lease term at commencement date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any lease with a term of 12&nbsp;months or less
is considered short-term. As permitted by ASC&nbsp;842, short-term leases are excluded from the ROU asset and lease liabilities on the
consolidated balance sheets. Significant judgment may be required when determining whether a contract contains a lease, the length of
the lease term, the allocation of the consideration in a contract between lease and non-lease components, and the determination of the
discount rate included in the lease. The Company reviewed the underlying objective of each contract, the terms of the contract, and consider
current and future business conditions when making these judgments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has elected not to record assets and
liabilities for leasing arrangements on the consolidated balance sheet because all of the Company&rsquo;s leases had a lease term of 12&nbsp;months
or less and the Company currently does not have a long-term lease agreement, and may decide later whether to sign a long-term lease based
on the development of the business. The Company recognizes lease expenses for such leases on a straight-line basis over the lease term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Property and equipment</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property and equipment are stated at cost less
accumulated depreciation. Depreciation is computed using the straight-line method over their estimated useful lives of the assets with
no residual value. The estimated useful lives are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Useful&nbsp;Life</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%; text-align: left">Office equipment and furnishings</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center">3&nbsp;&ndash;&nbsp;5 years</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The cost and related accumulated depreciation
of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements
of income and other comprehensive income. Expenditures for maintenance and repairs are charged to expense as incurred, while additions,
renewals and betterments, which are expected to extend the useful life of an asset, are capitalized. The Company also re-evaluates the
periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Intangible assets, net</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets are originally recognized
at cost. The useful lives of intangible assets are assessed to either be finite or indefinite based on the nature of the intangible
assets. The Company&rsquo;s intangible assets represent Type 4 and Type 9 licenses acquired which allows the Company to conduct Type
4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong&nbsp;Kong. Pursuant to the
provisions of SFO, there is no expiry date for Type 4 and Type 9 licenses, and there are no laws, regulations or contractual
agreements restricting the expiry date of Type 4 and Type 9 licenses, and the minimum regulatory capital requirements for Type 4 and
Type 9 licenses are not material in amount, so management has determined that such assets have indefinite useful lives. These
intangible assets are not amortized and are tested for impairment annually either individually or at the cash-generating unit level.
These intangible assets are also evaluated annually to determine whether indefinite life assessment continues to be supportable. If
not, the change in the useful life assessment from indefinite to finite is accounted for on a prospective basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Deferred offering costs</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Deferred offering
costs consist of costs incurred in connection with the Company&rsquo;s planned initial public offering in the United States. These costs,
together with the underwriting discounts and commissions, will be charged to additional paid-in capital upon completion of the planned
initial public offering. As of June&nbsp;30, 2025, the Company deferred US$385,317 of offering costs. Such costs will be deferred
until the closing of the IPO, at which time the deferred costs will be offset against the offering proceeds.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Impairment for long-lived assets</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company reviews long-lived assets, including
property and equipment and intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount
of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of
an asset to the undiscounted future pre-tax cash flows expected to be generated by the asset. If such assets are considered to be impaired,
the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Fair
value is generally determined by discounting the cash flows expected to be generated by the asset (asset Company), when the market prices
are not readily available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The adjusted carrying
amount of the asset is the new cost basis and is depreciated over the asset&rsquo;s remaining useful life. Long-lived assets are grouped
with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of
other assets and liabilities. As of June 30, 2025 and December&nbsp;31, 2024, no impairment of long-lived assets was recognized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Account payable</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accounts payable arise from the Company&rsquo;s
management consulting services. The Company may delegate part of the tasks to third-party companies depending on the contents of the consulting
services, and the account payable represent amounts not settled with those suppliers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Deferred revenue</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred revenue represents advance payments received
from customers before all of the relevant criteria for revenue recognition are met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Other payables and accrued liabilities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accrued liabilities mainly include accrued rent
and operating expenses. Other payables consist primarily of consideration payable in connection with the acquisition of 100% of equity
interest in Shine Prosperity on December&nbsp;30, 2024, which was subsequently paid on January&nbsp;28, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Business combination</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for its business combinations
using the purchase method of accounting in accordance with ASC Topic&nbsp;805, &ldquo;Business Combinations&rdquo;. The purchase method
of accounting requires that the consideration transferred to be allocated to the net assets, including separately identifiable assets
and liabilities the Company acquired, based on their estimated fair values. The consideration transferred in an acquisition is measured
as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as
well as the contingent considerations as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred.
Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the
acquisition date, irrespective of the extent of any non-controlling interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The excess of (i)&nbsp;the total of the fair value
of considerations transferred, the fair value of the non-controlling interests (if any) and previously held equity interest (if any) over
(ii)&nbsp;the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than
the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in earnings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The determination and allocation of fair values
to the identifiable assets acquired, liabilities assumed and non-controlling interests is based on various assumptions and valuation methodologies
requiring considerable judgment from management. The most significant variables in these valuations are discount rates, the number of&nbsp;years
on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows.
The Company determines discount rates to be used based on the risk inherent in the related activity&rsquo;s current business model and
industry comparisons. Terminal values are based on the expected life of assets, forecasted life cycle and forecasted cash flows over that
period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Revenue recognition</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company applied ASC Topic&nbsp;606, &ldquo;Revenue
from Contracts with Customers&rdquo; (&ldquo;ASC&nbsp;606&rdquo;), for all periods presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The core principle underlying the revenue recognition
standard is that the Company will recognize revenue to represent the transfer of services to customers in an amount that reflects the
consideration to which the Company expects to be entitled in such exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This will require the Company to identify contractual
performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of services
transfers to a customer. Under the guidance of ASC&nbsp;606, the Company is required to (a)&nbsp;identify the contract(s)&nbsp;with a
customer, (b)&nbsp;identify the performance obligations in the contract, (c)&nbsp;determine the transaction price, (d)&nbsp;allocate the
transaction price to the performance obligations in the contract and (e)&nbsp;recognize revenue when (or as) the Company satisfies its
performance obligation. Revenue is recognized when promised goods or services are transferred to the client in an amount that reflects
the consideration expected in exchange for those goods or services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is engaged in the provision of management
consulting services, asset and fund management services. The service offerings mainly comprise the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Type&nbsp;I.&nbsp;Corporate Management Consulting
Service</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Through one of its wholly owned subsidiaries in
Hong&nbsp;Kong, Starchain, the Company provides corporate management consulting services in exchange for service fees, primarily serving
clients listed on the Hong&nbsp;Kong Stock Exchange and U.S.&nbsp;stock exchanges. Starchain specializes in delivering structured and
tailored consulting solutions to meet the unique needs of our clients. Specifically, these services include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD STYLE="text-align: justify">Management consulting &mdash; providing strategic insights
and recommendations to drive business growth, delivering performance management reports, advising on key performance indicators (KPIs)
and how to measure and optimize performance effectively; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(ii)</TD><TD STYLE="text-align: justify">Regulatory compliance and governance consulting &mdash; providing
comprehensive regulatory and compliance consulting services, assisting to mitigate compliance risks and adopt best practices for corporate
governance, ensuring compliance during company setup and maintaining statutory records to uphold proper corporate governance.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company enters into consulting agreements
with its customers for the provision of management consulting services. The scopes of work under management consulting services can vary
from contract to contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Such contracts generally stipulates the Company
to fulfil certain discrete tasks such as submitting relevant reports (such as market research reports, regulatory compliance reports,
business development reports) in accordance with the clients&rsquo; specific requirements within the specified time frame. The contract
term generally requires the client to pay upfront payment upon signing the contract and outlines distinguishable price of each separate
service, the criteria for completion of each service and the terms of payment. As this type of contract involves several unrelated, divisible
or distinct tasks, the Company concludes that each service under the contract to be accounted for as a separate performance obligation.
Revenue is recognized based on the point in time of receiving confirmation letters from clients because it is the time when the performance
obligation for consulting services is satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Apart from the above mentioned services, the Company
is also engaged to provide execution services over a certain period of time, such as assisting the client in maintaining client relationships,
improving operational efficiency, liaising with various professional parties etc. The Company concludes that such services (i)&nbsp;is
distinct and (ii)&nbsp;meets the criteria for recognizing revenue over time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For corporate management consulting service, the
Company considers itself as provider of the services as it has control of the specified services at any time before it is transferred
to the customers which is evidenced by (i)&nbsp;the Company is primarily responsible for the services provided (ii)&nbsp;having rights
in select third party vendors for simple services and establish pricing (iii)&nbsp;the Company does integrate different services by itself
and outsourced vendors with the Company&rsquo;s promise to provide the services according to the contract. Therefore, the Company acts
as the principal of these arrangements and reports revenue on a gross basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Type&nbsp;II.&nbsp;Asset Management Service</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Through our wholly owned subsidiaries in the Cayman
Islands, British Virgin Islands, and Hong Kong&nbsp;&mdash;&nbsp;namely HF Fund SPC, HF CM, and HF IAM&nbsp;&mdash;&nbsp;we currently
offer asset management services exclusively to professional investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HF Fund SPC is an open-ended investment fund regulated
by the CIMA, and focuses its investment in the secondary market, primarily targeting publicly listed companies in the global technology
and innovation sectors. HF CM is an approved investment manager registered with the FSC, and acts as the investment manager of HF Fund
SPC. HF IAM is an entity with Type 4 (advising on securities) and Type 9 (asset management) licenses issued by the SFC. It is qualified
to provide asset management services to professional investors, including discretionary account management services, fund management,
and other customized investment solutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HF CM handles the process of client&rsquo;s subscription
to HF Fund SPC, distributing fund offering documents, processing subscription applications, and conducting KYC (Know Your Customer) and
AML (Anti-Money Laundering) checks. In addition, HF CM provides fund management services to HF Fund SPC, including portfolio management,
compliance with investment mandates, and executing investment decisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of date of this prospectus, HF CM acts as the
fund manager of the Global Innovation SP portfolio under HF Fund SPC, while HF IAM serves as the investment advisor to this portfolio.
The Global Innovation SP portfolio primarily invests in public equities of global technology companies that demonstrate unique innovation
and high growth potential in the AI and blockchain sectors. HF Fund SPC&rsquo;s investors mainly consist of high-net-worth individuals
and private companies qualified as professional investors in Hong Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of our business strategic transition,
we are planning to expand the asset management services to a more tailored and sophisticated approach to investment management. This includes
(i) discretionary account management services, where the fund managers will actively manage client portfolios based on predefined investment
objectives, risk tolerance, and market conditions; and (ii) customized investment solutions, providing clients with personalized strategies
that align with their unique investment preferences and long-term objectives. By combining in-depth market research, AI-driven analytics,
and active portfolio management, we aim to enhance investment outcomes and deliver value-driven solutions that meet the evolving needs
of our clients. The launch of these new services is contingent on several factors, including the necessary regulatory license and a stronger
partnership with professional partners. As of the date of this prospectus, HF IAM has submitted its application for the Type 1 (dealing
in securities) license to SFC, which is pending as of the date of this prospectus. We are also working to establish strategic partnerships
with professional services providers in the industry to expand our client base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. Fund subscription services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company acts as an invest manager between
funds and fund subscribers to provide fund subscription services and charges fund subscription fee at a fixed rate of the total subscription
amount to fund subscriber through funds when the subscription of funds is completed. Fund subscription fee charged to fund subscribers
for subscription of funds is recognized at a point in time when participating share is successfully subscribed in accordance with the
provisions of the service contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The entire service fee from clients is non-refundable
and there is no variable consideration, significant financing components or non-cash consideration in the contracts. Therefore, The Company
concludes that fund subscription services to be accounted for as a single performance obligation and the fees as stipulated in the contract
is recognized based on the point in time when the subscription of funds is completed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. Fund management services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company acts as an investment manager to the
fund and provides investment services in exchange for monthly fee at a fixed rate of the total subscription amount. The Company enters
a distinct contract with its clients for the provision of fund management services. The Company concludes that each monthly fund management
services (i)&nbsp;is distinct and (ii)&nbsp;meets the criteria for recognizing revenue over time. In addition, the Company concludes that
the services provided each month are substantially similar and result in the transfer of substantially similar services to the clients
each month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For asset management service, the Company consider
itself as provider of the services, which is evidenced by (i)&nbsp;the Company is primarily responsible to provide asset management services
to its customers; (ii)&nbsp;The Company has discretion in establishing the price for such services; and (iii)&nbsp;the Company bears the
risk of the services. Therefore, the Company acts as the principal of the arrangements and reports revenue on a gross basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The benefit consumed by the clients is substantially
similar for each month, even though the exact volume of services may vary. Therefore, the Company concludes that the monthly fund management
service satisfies the requirements of ASC&nbsp;606-10-25-14(b)&nbsp;to be accounted for as a single performance obligation. The Company
recognizes revenue on a monthly basis as it meets its performance obligations throughout the term of the contract based on the fees set
forth in the fund management service contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Disaggregation of revenue from contracts with
clients, in accordance with ASC Topic&nbsp;606, by major service lines is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the&nbsp;six&nbsp;months ended
    <BR>
June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">REVENUE</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Corporate Management Consulting Services:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Management consulting services</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">746,683</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Management consulting services-related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239,368</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Asset Management Services:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1.5pt">Fund management services</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">251,666</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">1,327,707</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">239,368</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenue disaggregated by timing of revenue recognition
for the&nbsp;six&nbsp;months ended June&nbsp;30, 2025 and 2024 is disclosed in the table below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the&nbsp;six&nbsp;months ended<BR>

    June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Point in time:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Management consulting services</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">596,667</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Fund subscription services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Over time:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Management consulting services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">479,374</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">239,368</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Fund management services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">251,666</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Operating expenses</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating expenses mainly consist of staff costs
and employee benefits, rental and office expenses, professional fees, depreciation charges and other administrative expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Employee benefits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The principal employee&rsquo;s retirement scheme
is under the Hong&nbsp;Kong Mandatory Provident Fund Schemes Ordinance. Contributions are made by both the employer and the employee at
the rate of 5% on the employee&rsquo;s relevant salary income, subject to a cap of monthly relevant income of approximately US$3,845(HKD30,000).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Income taxes</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HF Fund and Hang Feng are not subject to tax on
income or capital gains under the current laws of the Cayman Islands. HF CM, Shine Prosperity are not subject to tax on income or capital
gains under the current laws of the British Virgin Islands. Although HF CM is established in BVI, its income may be recognized by the
Hong&nbsp;Kong Inland Revenue Department as being subject to income tax as its operations and management are located in Hong&nbsp;Kong.
HF CM accrued this portion of its income taxes based on taxable income in an amount of $4,441 for the six months ended June 30, 2025.
Starchain and HF IAM are incorporated in Hong&nbsp;Kong which are subject to Hong&nbsp;Kong profits tax under Inland Revenue Department
Ordinance at a rate of 16.5% for taxable income earned in Hong&nbsp;Kong before April&nbsp;1, 2018. Starting from the financial year commencing
on April&nbsp;1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25% for assessable profits on the
first HK$2&nbsp;million (approximately $256,000) and 16.5% for any assessable profits in excess of HK$2&nbsp;million (approximately $256,000).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred income taxes are recognized when temporary
differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the&nbsp;years in which those temporary differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period
including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected
to be realized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An uncertain tax position is recognized as a benefit
only if it is &ldquo;more likely than not&rdquo; that the tax position would be sustained in a tax examination. The amount recognized
is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the
&ldquo;more likely than not&rdquo; test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income
tax are classified as income tax expense in the period incurred. No significant penalties or interest relating to income taxes have been
incurred as of June 30, 2025. As of June 30, 2025, income tax returns for the tax&nbsp;years ended December&nbsp;31, 2019 through December&nbsp;31,
2024 remain open for statutory examination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Related parties</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company adopted ASC&nbsp;850, &ldquo;Related
Party Disclosures&rdquo;, for the identification of related parties and disclosure of related party transactions. Parties are considered
to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over
the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control
or significant influence of the same party, such as a family member or relative, shareholder, or a related corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Comprehensive income (loss)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Comprehensive income (loss) is comprised of net
income (loss) and all changes to the statements of shareholders&rsquo; equity (deficit), except those due to investments by shareholders,
changes in paid-in capital and distributions to shareholders. For the Company, comprehensive income (loss) consisted of net income (loss)
and unrealized gain (loss) from foreign currency translation adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Earnings (Loss) per share</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Company reports
basic earnings or loss per share in accordance with FASB ASC&nbsp;260, &ldquo;Earnings Per Share&rdquo;. Basic earnings per share is
computed using the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share is computed
using the weighted average number of common shares outstanding plus the effect of dilutive securities during the reporting period. Any
potentially dilutive securities that have an anti-dilutive impact on the per share calculation are excluded. During periods in which
the Company reports a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because
the effect of the inclusion of all potentially dilutive securities would be anti-dilutive. For six-months periods ended </FONT>&nbsp;<FONT STYLE="font-size: 10pt">June
30, 2025 and 2024, there were no potentially dilutive securities considered in the calculation of diluted loss per common share due to
net losses for each period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Commitment and contingencies</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the normal course of business, the Company
is subject to loss contingencies, such as legal proceedings and claims arising out of its business, which cover a wide range of matters,
including, among others, government investigations and tax matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In accordance with FASB ASC&nbsp;450-20, &ldquo;Loss
Contingencies&rdquo;, the Company records accruals for such loss contingencies when it is probable that a liability has been incurred
and the amount of loss can be reasonably estimated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Recently issued accounting pronouncements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In November&nbsp;2023, the FASB issued ASU No.&nbsp;2023-07,
Segment Reporting (Topic&nbsp;280): Improvements to Reportable Segment Disclosures.&nbsp;The amendments improve reportable segment disclosure
requirements, primarily through enhanced disclosures about significant segment expenses. The amendments require that a public entity disclose,
on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition. The other
segment items category is the difference between segment revenue less the segment expenses disclosed under the significant expense principle
and each reported measure of segment profit or loss. The amendments improve financial reporting by requiring disclosure of incremental
segment information on an annual and interim basis for all public entities. The amendments in ASU&nbsp;2023-07 are effective for&nbsp;years
beginning after December&nbsp;15, 2023 and interim periods within fiscal&nbsp;years beginning after December&nbsp;15, 2024, adopted retrospectively.
The Company considers that the guidance will not have a significant impact on the disclosures set out in these consolidated financial
statements (see Note&nbsp;11).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In December&nbsp;2023, the FASB issued ASU&nbsp;2023-09,
Income taxes (Topic&nbsp;740), Improvements to Income Tax Disclosures, which provides guidance on the requirements such as the requirement
that public business entities on an annual basis (i)&nbsp;disclose specific categories in the rate reconciliation and (ii)) provide additional
information for reconciling items that meet a quantitative threshold. For public business entities, the new requirements will be effective
for annual periods beginning after December&nbsp;15, 2024. For entities other than public business entities, the requirements will be
effective for annual periods beginning after December&nbsp;15, 2025. Early adoption is permitted for annual financial statements that
have not yet been issued or made available for issuance. The ASU should be applied prospectively. Retrospective application is permitted.
The Company is currently evaluating the impact the adoption of ASU&nbsp;2023-09 will have on its consolidated financial statements and
related disclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;2 &mdash;&nbsp;Summary of significant
accounting policies</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May&nbsp;2024, the FASB issued ASU&nbsp;2024-05,
which is an update to ASU Update No.&nbsp;2016-13, Financial Instruments&nbsp;&mdash;&nbsp;Credit Losses (Topic&nbsp;326): Measurement
of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses
on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The amendments in Update&nbsp;2016-13
added Topic&nbsp;326, Financial Instruments&nbsp;&mdash;&nbsp;Credit Losses, and made several consequential amendments to the Codification.
Update&nbsp;2016-13 also modified the accounting for available-for-sale debt securities, which must be individually assessed for credit
losses when fair value is less than the amortized cost basis, in accordance with Subtopic&nbsp;326-30, Financial Instruments&nbsp;&mdash;&nbsp;Credit
Losses&nbsp;&mdash;&nbsp;Available-for-Sale Debt Securities. The amendments in this ASU address those stakeholders&rsquo; concerns by
providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis.
For those entities, the targeted transition relief will increase comparability of financial statement information by providing an option
to align measurement methodologies for similar financial assets. Furthermore, the targeted transition relief also may reduce the costs
for some entities to comply with the amendments in Update&nbsp;2016-13 while still providing financial statement users with decision-useful
information. ASU&nbsp;2024-05 is effective for the Company for annual and interim reporting periods beginning January&nbsp;1, 2023 after
FASB delayed the effective date for non-public companies with ASU&nbsp;2024-09. The Company is currently evaluating the impact of this
new standard on Company&rsquo;s consolidated financial statements and related disclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In November 2024, the FASB issued ASU 2024-03,
&ldquo;Income Statement&ndash;Reporting Comprehensive Income&ndash;Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation
of Income Statement Expenses&rdquo; (&ldquo;ASU 2024-03&rdquo;), which requires the disaggregation of certain expenses in the financial
statements notes, to provide enhanced transparency into the expense captions presented on the face of the consolidated statement of operations.
ASU 2024-03 is effective for annual reporting periods beginning January 1, 2027 and interim periods beginning January 1, 2028 and may
be applied either prospectively or retrospectively. The Company is currently evaluating the impact that ASU 2024-03 will have on its related
disclosures, and the transition method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">In December&nbsp;2024,
the FASB issued ASU&nbsp;2024-12, &ldquo;Income Taxes (Topic&nbsp;740): Simplifying the Accounting for Income Taxes&rdquo;. The amendments
in ASU&nbsp;2024-12 simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic&nbsp;740.
The amendments also improve consistent application of and simplify GAAP for other areas of Topic&nbsp;740 by clarifying and amending
existing guidance. For public business entities, the amendments in ASU&nbsp;2024-12 are effective for fiscal&nbsp;years, and interim
periods within those fiscal&nbsp;years, beginning after December&nbsp;15, 2024. For all other entities, the amendments are effective
for fiscal&nbsp;years beginning after December&nbsp;15, 2025. Early adoption of the amendments is permitted, including adoption in any
interim period for (1)&nbsp;public business entities for periods for which financial statements have not yet been issued and (2)&nbsp;all
other entities for periods for which financial statements have not yet been made available for issuance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An entity that elects to early adopt the amendments
in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally,
an entity that elects early adoption must adopt all the amendments in the same period. The Company is currently evaluating the impact
of this new standard on Company&rsquo;s consolidated financial statements and related disclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as mentioned above, the Company does not
believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company&rsquo;s
consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;3 &mdash;&nbsp;Business combinations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Acquisition of Shine Prosperity</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng acquired 100% equity interest (10,000
ordinary shares) of Shine Prosperity by way of purchase, and the equity transaction was approved by the SFC on December&nbsp;30, 2024.
HF IAM has the licenses of Type 4 and Type 9, which allows it to engage in advising on securities and asset management business in Hong&nbsp;Kong.
The price for the acquisition of the equity interest was US$193,237(of which US$127,537 was due to third parties and the remaining US$65,700
was due to HF Holdings), which represents the fair value of the identifiable net assets of Shine Prosperity and HF IAM.&nbsp;All amounts
payable for the acquisition were paid on January&nbsp;28, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;3 &mdash;&nbsp;Business combinations</B>
(cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the fair value
of the identifiable assets and liabilities at the acquisition date, which represents the net purchase price allocation at the date of
the acquisition in accordance with ASC&nbsp;805 &mdash;&nbsp;Business Combinations. The fair value of Shine Prosperity and its subsidiary
is shown below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Fair Value</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%">Cash</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">73,516</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt">Intangible assets</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">270,795</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">344,311</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Other payable-related parties</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(117,034</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Accrued expenses and other liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,994</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Deferred revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,046</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt">Total liabilities</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(151,074</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net assets acquired</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">193,237</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following unaudited pro forma financial statements
reflects historical operating results of the Company, including the unaudited pro forma results of Shine Prosperity and its subsidiary
for the&nbsp;six&nbsp;months ended June&nbsp;30, 2024, as if the business combination had occurred as of January&nbsp;1, 2023. The unaudited
pro forma financial information set forth below reflects adjustments to the historical data of the Company to give effect to Shine Prosperity
and its subsidiary acquisition as if the acquisition had occurred on January&nbsp;1, 2023. The unaudited pro forma information presented
below does not purport to represent what the actual results of operations would have been for the periods indicated, nor does it purport
to represent the Company&rsquo;s future results of operations. The following table summarizes the results of operations for the&nbsp;six&nbsp;months
ended June&nbsp;30, 2024 (on an unaudited pro forma basis):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the&nbsp;Six&nbsp;Months Ended June&nbsp;30, 2024 <BR> (Unaudited)</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Company</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shine
    Prosperity<BR> and its subsidiary</B></FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjustment
    for<BR> Business <BR> Combination</B></FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pro
    Forma <BR> Combined</FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue:</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
    consulting services</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
    consulting services-related parties</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fund
    subscription revenue</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fund
    management revenue</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Advisory
    revenue</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    revenues</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating
    expenses:</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Staff
    costs and employee benefits</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(426,238</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(40,652</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(466,890</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rental
    and office expenses</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(244,251</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(244,251</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Professional
    fees</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(30,254</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8,449</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(38,703</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(860</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(860</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    administrative expenses</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(341</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(22</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(363</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    operating expenses</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(701,944</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(49,123</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(751,067</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income
    (Loss) from operations</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,576</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(49,123</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(511,699</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    income (expense)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
    income</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">550</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">230</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">780</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loss
    on short-term investment</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(628</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(628</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    other income (expenses), net</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(78</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">230</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">152</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loss
    before income taxes</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,654</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(48,893</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(511,547</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income
    tax expenses</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
    loss</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,654</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(48,893</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(511,547</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    comprehensive income</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
    currency translation adjustment</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,202</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(481</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,683</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Comprehensive
    loss</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(465,856</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(49,374</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(515,230</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted
    average number of ordinary shares outstanding</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic
    and diluted*</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,000,000</FONT></TD><TD STYLE="padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Earnings
    per share</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic
    and diluted*</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(0.13</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">The share information is presented on a retrospective basis
to reflect the reorganization and stock split (Note&nbsp;1).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;4 &mdash;&nbsp;Other receivables
and prepaid expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other receivables and prepaid expenses consist
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Rent deposits</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">4,924</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">92,754</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt">Prepaid expenses</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">16,422</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">60,051</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">21,346</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">152,805</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;5 &mdash;&nbsp;Property and equipment,
net</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property and equipment consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Office Furniture&nbsp;&amp; Equipment</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">48,820</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">49,370</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt">Less: accumulated depreciation</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(20,058</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(16,291</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">28,762</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">33,079</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;6 &mdash;&nbsp;Intangible assets,
net</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">License (Type 4 and Type 9)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">267,783</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">270,795</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The licenses of Type 4 and Type 9 have eligibility
rights to provide advisory services on securities and asset management in Hong&nbsp;Kong. Management has determined that such assets have
indefinite useful lives. As of June 30, 2025 and December&nbsp;31, 2024, no impairment of Intangible assets was recognized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;7 &mdash;&nbsp;Other payables and
accrued liabilities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other payables and accrued liabilities consist
of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(Unaudited)</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%">Acquisition of subsidiaries*</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">127,537</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Salary payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,191</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,932</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1.5pt">Others</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">10,383</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">32,604</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">20,574</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">162,073</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"><B></B></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1.5pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><B>*</B></TD><TD STYLE="text-align: justify">Hang Feng acquired 100% equity interest in Shine Prosperity
by way of purchase on December&nbsp;30, 2024. The price for the acquisition of the equity interest was US$193,237, which was due as of
December&nbsp;31, 2024 and was subsequently paid on January&nbsp;28, 2025 (see Note&nbsp;3). Of this acquisition, 66% of the shares were
with third parties for US$127,537 reflected here, and 34% of the shares were with a related party for US$65,700 (see Note&nbsp;12).</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;8 &mdash;&nbsp;Deferred revenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred revenue represents advance payments received
from customers before all of the relevant criteria for revenue recognition are met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Beginning balance</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">448,253</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Customer advances</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,550</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,372,735</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Related party advances</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">770,513</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Recognized as revenues</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(420,733</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,696,833</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Ending balance</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">122,070</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">448,253</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;9 &mdash;&nbsp;Taxes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Cayman Islands</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng and HF Fund were incorporated in the
Cayman Islands and are not subject to taxation. In addition, upon payments of dividends by these entities to their shareholders, no Cayman
Islands withholding tax will be imposed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>British Virgin Islands</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shine Property and HF CM were incorporated in
the British Virgin Islands and are not subject to taxation. In addition, upon payments of dividends by these entities to their shareholders,
no British Virgin Islands withholding tax will be imposed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Hong&nbsp;Kong</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s Hong&nbsp;Kong subsidiaries
(Starchain and HF IAM) are subject to Hong&nbsp;Kong profits tax at a rate of 16.5% for taxable income earned in Hong&nbsp;Kong before
April&nbsp;1, 2018. Starting from the financial year commencing on April&nbsp;1, 2018, the two-tiered&nbsp;profits tax regime took effect,
under which the tax rate is 8.25% for assessable profits on the first HK$2&nbsp;million (approximately US$256,000) and 16.5% for any assessable
profits in excess of HK$2&nbsp;million (approximately US$256,000).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. Taxation in the statements of operations represents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the<BR>
 six&nbsp;months<BR> ended<BR> June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the<BR> six&nbsp;months<BR> ended<BR> June&nbsp;30, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Hong&nbsp;Kong profits tax provision for the year:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%">Current</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">12,799</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1.5pt">Deferred</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">86,827</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">99,626</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;9 &mdash;&nbsp;Taxes</B> (cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although HF CM was incorporated in BVI, its income
may be recognized by the Hong&nbsp;Kong Inland Revenue Department as being subject to income tax as its operations and management are
located in Hong&nbsp;Kong. The Company accrued this portion of its income taxes based on taxable income in an amount of US$4,441 and US$80,640
as of June 30, 2025 and December&nbsp;31, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.Deferred tax assets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the significant
components of deferred tax assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June&nbsp;30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">Opening balances</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">142,638</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">181,347</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net operating losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,359</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Utilized during the year</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(115,186</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(39,752</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Exchange rate difference</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,019</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,043</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1.5pt">Less: valuation allowance</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Deferred tax assets, net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">54,792</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">142,638</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluated the recoverable amounts
of deferred tax assets, and provided a valuation allowance to the extent that future taxable profits will be available against which the
net operating loss and temporary difference can be utilized. The Company considers both positive and negative factors when assessing the
future realization of the deferred tax assets and applied weigh to the relative impact of the evidences to the extent it could be objectively
verified. As of June&nbsp;30, 2025 and December&nbsp;31, 2024, there were no valuation allowance recognized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June&nbsp;30, 2025 and December&nbsp;31,
2024, the Company had net operating loss carry forwards indefinitely of US$41,149 and US$867,477, respectively, which fully arose from
the subsidiary (Starchain) established in Hong&nbsp;Kong and can be carried forward indefinitely against future assessable profits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Uncertain Tax Position</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June&nbsp;30, 2025 and December&nbsp;31,
2024, the unrecognized tax benefits was nil, respectively, which would affect the effective tax rate if recognized. The company recognizes
interest and penalty charges related to uncertain tax positions as necessary in the provision for income taxes. For the&nbsp;the six&nbsp;months
ended June&nbsp;30, 2025 and year ended December&nbsp;31, 2024, no interest expense or penalty was accrued in relation to the unrecognized
tax benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the Hong&nbsp;Kong tax authority has
up to six&nbsp;years to contact examinations of the Company&rsquo;s tax filings. As of June 30, 2025, tax&nbsp;years ended December&nbsp;31,
2019 through December&nbsp;31, 2024 remain open for statutory examination by tax authorities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;10 &mdash;&nbsp;Concentration of
credit risk</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Credit risk</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Assets that potentially subject the Company to
a significant concentration of credit risk primarily consist of cash and cash equivalents, accounts receivable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company believes that there is no significant
credit risk associated with cash and cash equivalents, which were held by reputable financial institutions in the jurisdictions where
the Company and its subsidiaries are located. The Hong&nbsp;Kong Deposit Protection Board pays compensation up to a limit of approximately
US$64,000 if the bank with which an individual/a company hold its eligible deposit fails. As of June 30, 2025 and December&nbsp;31, 2024,
cash balance of approximately US$3,710,545 and US$2,534,502, respectively, was maintained at financial institutions in Hong&nbsp;Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has designed their credit policies
with an objective to minimize their exposure to credit risk. The Company&rsquo;s accounts receivable are short term in nature and the
associated risk is minimal. The Company conducts credit evaluations on its clients and generally does not require collateral or other
security from such clients. The Company periodically evaluates the creditworthiness of the existing clients in determining an allowance
for expected credit losses primarily based upon the age of the receivables and factors surrounding the credit risk of specific clients.
The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its customers and its ongoing
monitoring processes of outstanding balances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Interest Rate Risk</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s exposure to interest rate
risk primarily relates to the interest income generated by excess cash, which is mostly held in interest-bearing bank deposits. The Company
has not used any derivative financial instruments to manage its interest risk exposure. Interest-earning instruments carry a degree of
interest rate risk. The Company has not been exposed, nor do the Company anticipate being exposed, to material risks due to changes in
interest rates. However, the Company&rsquo;s future interest income may be lower than expected due to changes in market interest rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Foreign currency risk</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The reporting currency of the Company is U.S.&nbsp;Dollar.
To date a large portion of the revenues and expenses are denominated in Hong&nbsp;Kong Dollar and a large portion of the assets and liabilities
are denominated in Hong&nbsp;Kong Dollars. There was no significant exposure to foreign exchange rate fluctuations and the Company has
not maintained any hedging policy against foreign currency risk. The management will consider hedging significant currency exposure should
the need arise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Inflation Risk</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company does not believe that inflation has
had a material effect on the Company&rsquo;s business, financial condition or results of operations, other than its impact on the general
economy. Nonetheless, if The Company&rsquo;s operating expenses were to become subject to inflationary pressures, the Company may not
be able to fully offset such higher expenses through price increases. The Company&rsquo;s inability or failure to do so could harm the
Company&rsquo;s business, financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Customer concentration risk</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Details of the clients accounting for 10% or more
of total operating revenue are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the six&nbsp;months ended June&nbsp;30,</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">%</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">%</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left">Customer A</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">239,368</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">100</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Customer B</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239,368</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;10 &mdash;&nbsp;Concentration of
credit risk </B>(cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Details of the clients which accounted for 10%
or more of accounts receivable are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of June&nbsp;30,<BR>
2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of December&nbsp;31,<BR>
2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">%</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">US$</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">%</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left">Customer C</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">55,266</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">100</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Customer D</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">110,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Customer E</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,266</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;11&nbsp;&mdash;&nbsp;Segment reporting</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company operates as a single reportable segment.
The measure utilized by the Chief Operating Decision Maker (&ldquo;CODM&rdquo;) to evaluate performance and allocate resources is the
Company&rsquo;s consolidated results of operations prepared in accordance with U.S. GAAP. Significant operating expenses include sales
and marketing, and general and administrative expenses, each of which is separately presented in the Consolidated Statements of Income.
Other items affecting net income include interest expense. The table below presents the significant categories of revenue and expenses
for the Company&rsquo;s single operating segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the&nbsp;Six&nbsp;Months Ended<BR> June&nbsp;30,</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue:</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; width: 76%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
    consulting services</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">746,683</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
    consulting services-related parties</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">329,358</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fund
    management revenue</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">251,666</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.375in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    revenues</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,327,707</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">239,368</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating
    expenses:</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Staff
    costs and employee benefits</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(464,264</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(426,238</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rental
    and office expenses (inclusive of $89,956 and nil from related parties for six months ended June 30, 2025 and 2024 respectively)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(110,155</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(244,251</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Professional
    fees</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(259,373</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(30,254</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,975</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(860</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    administrative expenses</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(10,152</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(341</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.375in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    operating expenses</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(847,919</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(701,944</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income
    (Loss) from operations</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">479,788</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,576</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    income (expense)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
    income</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,634</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">550</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    expenses</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(21,272</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loss
    on short-term investment</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(628</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.375in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
    other expenses, net</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(16,638</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(78</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income
    (Loss) before income taxes</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">463,150</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,654</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income
    tax expenses</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99,626</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
    income (loss)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">363,524</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(462,654</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    comprehensive income</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
    currency translation adjustment</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(33,303</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,202</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Comprehensive
    income (loss)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">330,221</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(465,856</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted
    average number of ordinary shares outstanding</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic
    and diluted*</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,290,000</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,000,000</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Earnings
    (Loss) per share</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic
    and diluted*</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.07</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 4pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(0.12</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;12 &mdash;&nbsp;Related party balances
and transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. Balance with related parties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">a. Deferred revenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1.5pt solid">Name of Related Party</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Nature</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Relationship</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June 30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 42%; text-align: left">Hang Feng International Holdings Co., Limited</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: left">Advance payments received</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: left">Major Shareholder of Hang Feng</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">81,460</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">270,513</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">b. Due to related parties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; vertical-align: bottom">Name of Related Party</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Nature</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Relationship</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">June 30, <BR> 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December&nbsp;31, <BR> 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; width: 42%; text-align: left">YEUNG Sing Yuet Sherry</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 16%; vertical-align: top">Loans*</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 16%; vertical-align: top">Director of Starchain</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">704,728</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="vertical-align: top; text-align: left">Hang Feng International Holdings Co., Limited</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Payable for transfer of equity**</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Major Shareholder of Hang Feng</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,700</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; text-align: left">Hang Feng International Holdings Co., Limited</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Loans*</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Major Shareholder of Hang Feng</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">475,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Hang Feng International Holdings Co., Limited</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Payment on behalf of the Company</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Major Shareholder of Hang Feng</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">117,023</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; vertical-align: top">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">1,362,951</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">Loans represent interest-free loans that have no specific repayment
dates. The company fully repaid the loan owed to YEUNG Sing Yuet Sherry on January&nbsp;13, 2025. The Company fully repaid the loan owed
to Hang Feng International Holdings Co., Limited on April&nbsp;15, 2025.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">**</TD><TD STYLE="text-align: justify">Payable for transfer of equity represents the amount due to
HF Holdings for the acquisition of Shine Property, which was paid on January&nbsp;28, 2025 (See Note&nbsp;3).</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. Transactions with related parties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; vertical-align: bottom">Name of Related Party</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Nature</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Relationship</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">For the<BR>
 six&nbsp;months ended<BR>
June&nbsp;30,<BR>
 2025</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">For the<BR>
 six&nbsp;months ended<BR>
June 30,<BR>
2024</TD><TD STYLE="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; width: 42%; text-align: left">Qian Fenglei</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: left">Management consulting services</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: left">Director and Chairman of the Board of Director</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">239,368</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="vertical-align: top; text-align: left">Hang Feng International Holdings Co., Limited</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Management consulting services</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Major Shareholder of Hang Feng</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,358</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Hang Feng International Holdings Co., Limited</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Office rent</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Major Shareholder of Hang Feng</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">89,956</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; vertical-align: top">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; vertical-align: top">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">419,314</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">239,368</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B>&nbsp;</P>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;12 &mdash;&nbsp;Related party balances
and transactions </B>(cont.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3. Proceeds from related parties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 1.5pt solid">Name of Related Party</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the six&nbsp;months ended<BR>
    June&nbsp;30, 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the six&nbsp;months ended<BR>
June&nbsp;30, 2024</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Borrowing</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Repayment</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Borrowing</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Repayment</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left">YEUNG Sing Yuet Sherry</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">(704,728</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">389,333</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Hang Feng International Holdings Co., Limited</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">(658,223</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">(1,362,951</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">389,333</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;13 &mdash;&nbsp;Shareholders&rsquo;
Equity</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hang Feng was established under the laws of Cayman
Islands on October&nbsp;15, 2024 as an exempt company with limited liability and as a wholly owned subsidiary of HF Holdings. The authorized
number of ordinary shares is 500,000,000 shares with a par value of US$0.0001, of which 10,000 were issued on incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December&nbsp;30, 2024, Hang Feng issued an
aggregate of 3,225 ordinary shares to five investors (each 645 ordinary shares) for an aggregate consideration of US$5,000,000. At the
same time, HF Holdings injected US$1,000,000 into Hang Feng without issuing shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February&nbsp;24, 2025, the Company effected
a stock split at a ratio of 1-to-400 by issuing new shares to its shareholders in the same proportion. After retrospective adjustment
for stock splits, there were 5,290,000 and 4,000,000 shares issued and outstanding as of December&nbsp;31, 2024 and 2023, respectively.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 15, 2025,
the Company closed its initial public offering (&ldquo;IPO&rdquo;) of 1,375,000 ordinary shares, par value $0.0001 per share (the &ldquo;Ordinary
Shares&rdquo;) on the NASDAQ Capital Market. The Ordinary Shares were priced at $4.00 per share, and&nbsp;the offering was conducted on
a firm commitment basis. The gross proceeds of the IPO were $5,500,000, before deducting underwriting discounts and commissions and offering
expenses. The Ordinary Shares were previously approved for listing on The Nasdaq Capital Market and commenced trading under the ticker
symbol &ldquo;FOFO&rdquo; on September 12, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 16, 2025, the over-allotment option
was exercised in full by the underwriters and the Company issued 206,250 Ordinary Shares, equal to 15% of the total number of the Ordinary
Shares sold in the IPO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;14 &mdash;&nbsp;Commitments and Contingencies</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the normal course of business, the Company
is subject to contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters,
such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable
that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments
including historical factors and the specific facts and circumstances of each matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the outcomes of these legal proceedings
cannot be predicted, the Company does not believe these actions, in the aggregate, will have a material adverse impact on its financial
position, results of income or liquidity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HANG FENG TECHNOLOGY INNOVATION CO., LTD.<BR>
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;15 &mdash;&nbsp;Regulatory Requirements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table illustrates the minimum regulatory
capital as established by the SFC that the Company&rsquo;s subsidiary, HF IAM, is required to maintain as of June&nbsp;30, 2025 and the
actual amounts of capital that were maintained:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of June 30, 2025</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Minimum<BR> regulatory<BR> capital<BR> requirement</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Capital<BR> levels<BR> maintained</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Excess net<BR> capital</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Percent of<BR> requirement<BR> maintained</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">HKD&rsquo;000</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">HKD&rsquo;000</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">HKD&rsquo;000</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left">HF IAM</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">100</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">6,903</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">3,470</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">69.03</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s operation subsidiary maintains
a capital levels greater than the minimum regulatory capital requirements and it is in compliance with the minimum regulatory capital
established by the SFC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note&nbsp;16 &mdash;&nbsp;Subsequent Events</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 25, 2025, the Company adopted the 2025
Equity Incentive Plan, which may be amended and restated from time to time, to attract and retain the best available personnel, provide
additional incentives to employees, directors and consultants and promote the success of our business. The maximum aggregate number of
shares which may be issued under the 2025 Equity Incentive Plan is 999,750 ordinary shares. As of the date of these consolidated financial
statements were issued, no ordinary shares or any securities convertible into ordinary shares under the 2025 Equity Incentive Plan had
been granted or remain outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 15, 2025,
the Company closed its initial public offering (&ldquo;IPO&rdquo;) of 1,375,000 ordinary shares, par value $0.0001 per share (the &ldquo;Ordinary
Shares&rdquo;) on the NASDAQ Capital Market. The Ordinary Shares were priced at $4.00 per share, and&nbsp;the offering was conducted on
a firm commitment basis. The gross proceeds of the IPO were $5,500,000, before deducting underwriting discounts and commissions and offering
expenses. The Ordinary Shares were previously approved for listing on The Nasdaq Capital Market and commenced trading under the ticker
symbol &ldquo;FOFO&rdquo; on September 12, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 16, 2025, the over-allotment option
was exercised in full by the underwriters and the Company issued 206,250 Ordinary Shares, equal to 15% of the total number of the Ordinary
Shares sold in the IPO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has analyzed, in accordance with ASC
855-10, its operations through the date these consolidated financial statements were issued, and has determined that, there are no additional
material subsequent events to disclose in these unaudited condensed consolidated financial statements other than noted above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 25; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" &  Q<# 2(  A$! Q$!_\0
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M%<7Q>^'TGAK2+WQ-%+/X;L]3UU/$)TNPNO$$$$\VAV]W=12ZM%#+)8)<)&Y
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MM/KFC66IRV\ EUN>40PR731Q"6::0(J[Y9&RYZW_ (4E^U]_T?!_YK3\,/\
MY;5[Y\#?^2*?![_LEOP^_P#43TBO4J /C'_A27[7W_1\'_FM/PP_^6U'_"DO
MVOO^CX/_ #6GX8?_ "VK[.HH ^,?^%)?M??]'P?^:T_##_Y;4?\ "DOVOO\
MH^#_ ,UI^&'_ ,MJ^SJ* /C'_A27[7W_ $?!_P":T_##_P"6U'_"DOVOO^CX
M/_-:?AA_\MJ^SJ* /C'_ (4E^U]_T?!_YK3\,/\ Y;4?\*2_:^_Z/@_\UI^&
M'_RVK[.HH ^,?^%)?M??]'P?^:T_##_Y;4?\*2_:^_Z/@_\ -:?AA_\ +:OL
MZB@#XQ_X4E^U]_T?!_YK3\,/_EM1_P *2_:^_P"CX/\ S6GX8?\ RVK[.HH
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MM/#OA.YU75_#WAOPY\.-&\/7_B63XEPZK:07^DZO/JQTV\ /J/\ :5_X(O\
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M]IWX[Z3X2C^.?C#XARV>B_#7X7_\$\O"G[4_@.;PWX>MM?TZ7P.WB76]/N/
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MX=NX/"NN>'?A?JUWXW^&]P-,%AXJD?2M'MM6A\'>#M;>0 _JIHK^<W_@D_\
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M2ZQJNC>'9[M-8U33=*:>!=2OK&SGM;$S1"ZEB,B9 .HHKSK3/C!\)-;\0?\
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M((-9J:%HD4B31Z-I4<L;QRI*FG6B2))"RM%(CK"&5XF1&C<$,C*I4@J,:M%
M%*/3=.A%N(;"RB%HT[VHCM8$%L]RYEN7MPL8\EKB0F2=H]IE<EY"S$FJHT#0
M5 5=$TA5"E !IMF $9M[* (<!6?YBHX+?,1GFM>B@#Y/_:7_ &(/V9/VO-)\
M):)\?/AG8>,M-\$:IJVL>'+6/4-5T2"SOM<T\Z7JTD]OHM[8VNH_;+$F'.HP
M73VVZ5[)[9Y[AI?//B)^U%\'/V2]-NO WA#X,^.?$'@KX/CX&_"C7(?@]HW@
M:+2_ >N_$O5?"OPZ^!_PX:'Q;XR\%13R/I^L>&_M<T%Y-IW@OP[JGA6YUFYM
MK/64DM/O.ORX^/?[&_Q,^*^K_M$_#O0+CX<V?P^_:"^,7[.W[2M]XG^)?@E_
MBAX2&O? :3X.:?K7P=\5?#JW\<^![[4;#QO_ ,*4\"ZC9ZVMWJ6BGP_?^.]*
MU&PM-8M_#]U?@'I'@+]OKX.^.O''PX\-:'\*?C-IOB/XI?&+XF?L]:SK&J^"
M?".GZ7\//B[\(O"EWXWUOP3\2/%$'C6YT^YFU+P;I\VO^#=4\#7OCWP]XCM(
MI;+3=5.JV5_IUIRGC']KSX5>+KF7X4>)_P!DGXZ>(-/7P=X]^+ TG7?!GPI;
MPQJ7PY_9]^*?A30/&/B:QLX?BA?76K6^FZ_J&@^(/#'A=-&DU#QM:O90V>ER
M_:9X8N7\-?\ !.'Q%H_[/'QC^%D?QNTGP7\1_'O[0-K^TG\(_%GPG^%</A7X
M7?LM?$'P])X0D\(6GP6^#NL>,?$D5GX9BN/"=UJ?C?1-0\7&P\<:KXY^(#R6
MNC:?XB?3H?5_BA\!/BMH/Q.\.?&?X2ZIX+\0:3X#_9:\?_LY>&_A5JNA7MGK
M>NZK\2/$7@'5X?&>J_$^\\=VVBZ1H'AK4_A]X<U/7[4>!=>UJ[\._P#"7S64
MFJZ[<:-9H ?9VCS^"O'^@Z#XQT>/0?%'A_Q3HVC>)/#^NQVEI?VFKZ)JMA#J
M6AZK9W$T+-+:W6GWD-U92\'R9PRA=Q%;4FBZ/*6:72=,E+$LQDL+5RS$@DL6
MB))) ))Y) )Y KS;X ?#&V^"GP*^#/P=L]9D\16OPJ^%?P_^'5OK\H"OK</@
MOPKI7AV/5BBLZQKJ"Z<+M(D=TB258T9E0$^N4 9L6C:1 R/!I6FPO&Q:-XK&
MUC9&+;BR,D2E6+?,2I!+<DYYJ==/L$D@F2QLTFM8'MK:5;:%9+>VDVF2W@<(
M&A@<HA>*,K&VU=RG:,6Z* *EII]AIZE+"RM+)&"ADM+:&V5@F[8"L*("$WOM
M!&%W-C&XYMT44 ?*'[9/_)+? ?\ V=3^Q5_ZUW\%*^KZ^4/VR?\ DEO@/_LZ
MG]BK_P!:[^"E?5] !1110 4444 %%%% !7QI^Q7_ ,BW^T)_V>7^U3_ZMC6J
M^RZ^-/V*_P#D6_VA/^SR_P!JG_U;&M4 ?9=%%% !7Q'^V!^W)\/?V/-<^ _A
MCQCH_P#:>O?M">,?$OA#P2^K>,O!'PS\)MJ/A'PX?%&IZ-<>/_B1K7A[P9!X
MXU^PQ9_#GP1?ZQI]_P"/=8CO;#3[RT33[RYB^W*^./VQ_P!C[1?VP_!0\">)
M?&UWH/AJY\->,/"?B#PEJG@?P!\3OAYXPTGQH_AW[3=>*? ?Q$T'6M*O/$7A
M?_A'UO/A_P")=/GTO5O".LW]YJ,$]Y#-/87 !X_\,?\ @J-^SKXN^._[0'[.
M7Q+O$_9[^*/P$N='FO/#WQ9\3>$].O?&'AV_^!_AWX_:YXAT&+3=6OE@C\#>
M"/$(/C33[^6.[TN\TC6Y;4ZAI>GR:B?2#_P4I_8)7PWX+\7R?M8_!:'PY\1-
M4\=Z'X)U2X\7V=O%XBU[X8OIB_$'0+"*<1W)U[P@FLZ5<Z[HDT,6JV5C?VVH
M26GV&07%?GZ?^"%/@C2_B7_PL+P-^UM^T%X$73WMW\*VVDV'P^O_ !/X5?2O
MV,(_V&O#=[9_$+6?#M]XHOM8T+X40PZ[%K.IS7-[=>/4.NW#?9F_LT=[^S/_
M ,$9?!7[-/Q*^"GQ(TG]HCXE>,KCX,_'?]H7X_VVA^(_!OPVATSQ1XJ_:4^$
M'@SX0>/K#59=.T&"\LM.@L/!EMXCTBZTV>#65U_5=6FU/4M2@NC%0![[\>?^
M"J'[*OP.C^'6L'QKH'Q \$^)_P!H[3OV:_B'XW\'^+/#DNC_  5\4ZIX4\<>
M*K7Q'XUBO;VWN]1\*^7\/O$FDOJ'A>/5VDU>RN;*R2\GL-2CL_2_B7_P4(_9
M<\#^%/%.J>&?BOX!^*'C72O@!KW[1OA'X:>#O&OAZ3Q#\2? 6E?#S7/BCI#>
M$]0N;M="DO?%W@OP_J/B'PU;W5_%-J'AZWG\2QP-X?M;K4H?SWTS_@@O\%O"
M7@?PYX$^'/QK\<>";3P9\9I_BGX8\1KX%^''B'QG)H4%I\;K3PO\-O&'B37=
M'N;KQ=X?\"Q?'[QU#X1O9DTV]TV!K%I$N=0;5-1U-OAC_@@?\#?"OA70/!]C
M\=OB]-H^A?#_ ,':24N--\#M-J?Q;^&O[(OC[]A[X=_&B]E_L/='>>'?V?\
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M_:$_[/+_ &J?_5L:U7V77QI^Q7_R+?[0G_9Y?[5/_JV-:H ^RZ*** "BBB@
MHHHH **** "BBB@ HHHH **** /C3]K[_D-?L>?]GE_#7_U ?BM7V77QI^U]
M_P AK]CS_L\OX:_^H#\5J^RZ "BBB@ HHHH *\&_:H_Y-A_:._[(-\7_ /U7
MOB*O>:\&_:H_Y-A_:._[(-\7_P#U7OB*@#I_@;_R13X/?]DM^'W_ *B>D5ZE
M7EOP-_Y(I\'O^R6_#[_U$](KU*@ HHHH **** "BBB@ HHHH **** "BBB@
MKXQB_P"4AM]_V9CI7_J\-9K[.KXQB_Y2&WW_ &9CI7_J\-9H ^SJ*** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M>?\ @1^S/_\ 0T5]>44 ?(?_  R[X_\ ^CW?VO/_  (_9G_^AHH_X9=\?_\
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MXC_XE_\ DFC_ (:^L/\ HW+]KS_Q'_Q+_P#)-?7E% 'R'_PU]8?]&Y?M>?\
MB/\ XE_^2:/^&OK#_HW+]KS_ ,1_\2__ "37UY10!\A_\-?6'_1N7[7G_B/_
M (E_^2:X-?\ @H=\,SXO\2^ 5^"'[8MQXO\ "&F>&=9\1Z'I?[*WQ9\0W.DZ
M7XQ&M?\ "-WE[-X:T76+2V353X=UI;:*>XCN'.GSMY.P!S]\5\4?"+_D^?\
M;1_[)9^Q[_Z)_:!H K?\-W>#/^C>?VX/_$-/CW_\QU'_  W=X,_Z-Y_;@_\
M$-/CW_\ ,=7W!10!^87[0/[86C^/?@+\;_ WAG]G#]MV]\2>,OA!\2_"OA^R
MD_8\^.=HE[KGB'P7K6DZ39M=77A.&UMA=7]W;P>?=30VT/F>9/-%$KR+ZA\.
M_P!KGP=H/P_\"Z'J?P=_:\M]2T7P=X8TG4+?_ACG]I.7R+[3M$L;.[A\R#X;
M2P2>5<0R)OAEDB?;NCD="&/W;10!\A_\-G^ /^B1_M>?^(;?M,?_ #LJ/^&S
M_ '_ $2/]KS_ ,0V_:8_^=E7UY10!\A_\-G^ /\ HD?[7G_B&W[3'_SLJ/\
MAL_P!_T2/]KS_P 0V_:8_P#G95]>44 ?(?\ PV?X _Z)'^UY_P"(;?M,?_.R
MH_X;/\ ?]$C_ &O/_$-OVF/_ )V5?7E% 'R'_P -G^ /^B1_M>?^(;?M,?\
MSLJ/^&S_  !_T2/]KS_Q#;]IC_YV5?7E% 'R'_PV?X _Z)'^UY_XAM^TQ_\
M.RH_X;/\ ?\ 1(_VO/\ Q#;]IC_YV5?7E% 'R'_PV?X _P"B1_M>?^(;?M,?
M_.RH_P"&S_ '_1(_VO/_ !#;]IC_ .=E7UY10!\A_P##9_@#_HD?[7G_ (AM
M^TQ_\[*C_AL_P!_T2/\ :\_\0V_:8_\ G95]>44 ?(?_  V?X _Z)'^UY_XA
MM^TQ_P#.RH_X;/\  '_1(_VO/_$-OVF/_G95]>44 ?(?_#9_@#_HD?[7G_B&
MW[3'_P [*C_AL_P!_P!$C_:\_P#$-OVF/_G95]>44 ?(?_#9_@#_ *)'^UY_
MXAM^TQ_\[*C_ (;/\ ?]$C_:\_\ $-OVF/\ YV5?7E% 'R'_ ,-G^ /^B1_M
M>?\ B&W[3'_SLJ\G\<?&"W^.?Q5_99T?P3\*/VC;$^$OCS_PFGB76?'?[.?Q
MC^&WA;0_#5C\)?BII$^HZEXH\>>$/#^B0%]5UK2=/M;1;R2\O+J^BC@@?#$?
MHI10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 445^?UUHWQ0^,_[5'[0W@N']I#XT?"?
MP;\*?"7P(;PQX9^%=O\ !RUL);WQUI7CK5/$>J:O>>//A%X_UN^O[J?2=/AA
M$>K6UA:VMJB06*2R7$TP!^@-%?(?_#+OC_\ Z/=_:\_\"/V9_P#Z&BC_ (9=
M\?\ _1[O[7G_ ($?LS__ $-% 'UY17R'_P ,N^/_ /H]W]KS_P "/V9__H:*
M/^&7?'__ $>[^UY_X$?LS_\ T-% 'UY17R'_ ,,N^/\ _H]W]KS_ ,"/V9__
M *&BC_AEWQ__ -'N_M>?^!'[,_\ ]#10!]>45\A_\,N^/_\ H]W]KS_P(_9G
M_P#H:*/^&7?'_P#T>[^UY_X$?LS_ /T-% 'UY17R'_PR[X__ .CW?VO/_ C]
MF?\ ^AHH_P"&7?'_ /T>[^UY_P"!'[,__P!#10!]>45\A_\ #+OC_P#Z/=_:
M\_\  C]F?_Z&BC_AEWQ__P!'N_M>?^!'[,__ -#10!]>45\A_P##+OC_ /Z/
M=_:\_P# C]F?_P"AHH_X9=\?_P#1[O[7G_@1^S/_ /0T4 ?7E%?(?_#+OC__
M */=_:\_\"/V9_\ Z&BC_AEWQ_\ ]'N_M>?^!'[,_P#]#10!]>5_+3^P1_P6
M)\7_ +1?_!:']JS]CZ?]B#XG?#OQLFC:#X1^+6OZO\1/#VK:-\(-)_9C_P"%
MFZ;>^,M76W\.6+:_HGQ"U_XA>#](\&_V;/;M=1Z[8:I%)>6,Q=?W:_X9=\?_
M /1[O[7G_@1^S/\ _0T5X1X._P""8/@7P!\=_C!^TWX._:2_:>T'X[?'S0_
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MT8(P#[6HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M\(O-X@U*^T"X?59[:SGT+PW:WVD3^(=9TW^T[57_ )HO%W_!-']K3X&>/O\
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M/R6J"2Z?B7[MM&1).W2%"'D*J0:_F(7_ ((;_M2ZC\+/A'X"O_V@OA9X<O?
M^@?&WP)I4WAJ?Q_>:7^SY;?%#]N_P=^U[X;^.'[."WF@Z;=67QH\#^!] O\
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M/P_\??LI^._&_A+X!?M0?!K2_&_Q$3XL6WB[XV>(_CK^U7I7[07A[XJ?'_\
ML'06N[OQ+H/A2SD^'NJPZ3XJUF7?:Z9?:9JHT:"#P[8@']'=%10>?Y$/VGRO
MM/E1_:/(W^1Y^P>;Y/F?O/*\S=Y>_P"?9C=\V:EH **** "OCCX5_P#)['[7
M_P#V2K]DC_T+]H*OL>OCCX5_\GL?M?\ _9*OV2/_ $+]H*@#['HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH *^,_@[_R>;^VC_P!BK^RQ_P"H
MQ\2Z^S*^,_@[_P GF_MH_P#8J_LL?^HQ\2Z /LRBBB@ HHHH **** "BBB@
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M\+]+U'P_X2U#^W_"GB&YTL:[X&TO7-4T[26@E2ZT2+5+M8E@>ZD+@'SS;_\
M!6+P1>:K\";+3O@+\6M9MOC=\-+3QKC0=0\"ZMK7@7Q1J/PQ^+_Q1TSX?^*]
M'@\1K#I=]J^F?!7Q;I6AZ]K&JZ+I7B'49=.N_#ZZIHBZKJNE_0W[*G[7EM^V
M)H?Q L+?X;_$CX%:SHW@OX1^+;-/$>I^!=5U_P#X0_\ :"^&L?C[P!XET^X\
M.ZAXN\/Z=XDL+&6\BU/0-534ETC5-/MFNH]2M+P157D_X)G_ +!LECH6F?\
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MV]I96-G"EM:6EK;Q*L4%M;6\<<,$,:K'%$BHBA5 %N@ HHHH **** "BBB@
MHHHH **** "OCCX5_P#)['[7_P#V2K]DC_T+]H*OL>OCCX5_\GL?M?\ _9*O
MV2/_ $+]H*@#['HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %?-/Q*_8]_9M^+WC2\^(OQ!^%VF:WXWU'2-(T'4O$MMK/BCP_J>IZ1H
M+ZA)HEEJ<OAK7-'348]*;5=1%@]ZD\MK'>3Q0R)&Y2OI:B@#XQ_X=[_L@_\
M1(O_ "_OB?\ _-K1_P .]_V0?^B1?^7]\3__ )M:^SJ* /C'_AWO^R#_ -$B
M_P#+^^)__P VM'_#O?\ 9!_Z)%_Y?WQ/_P#FUK[.HH ^,?\ AWO^R#_T2+_R
M_OB?_P#-K1_P[W_9!_Z)%_Y?WQ/_ /FUK[.HH ^,?^'>_P"R#_T2+_R_OB?_
M /-K1_P[W_9!_P"B1?\ E_?$_P#^;6OLZB@#XQ_X=[_L@_\ 1(O_ "_OB?\
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MFI:KKVI:KJ5Q;Z3#J.H)IUJUU]FL_MUXT$2-<S,_M5% !1110 4444 %%%%
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M_M;?^)C?M,?_ #SJ/^&-O '_ $5?]K;_ ,3&_:8_^>=7UM10!\D_\,;> /\
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M_P##&W@#_HJ_[6W_ (F-^TQ_\\ZC_AC;P!_T5?\ :V_\3&_:8_\ GG5];44
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M$_\ $V?VJ?\ Y[%'_#$/PV_Z*U^V)_XFS^U3_P#/8K[(HH ^-_\ AB'X;?\
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M_1VOD+]K#_D.?LB_]G>^ /\ U7GQ7H ^O:*** "BBB@ HHHH **** "BBB@
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M/CSX?U#X>^(]$^*S>#[K5OC3H]OK_@^P^"]WHW_"N_%*V%]XELO'VDZ]X?\
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M]$M+C2)6AL #]+_^&7?'_P#T>[^UY_X$?LS_ /T-%'_#+OC_ /Z/=_:\_P#
MC]F?_P"AHK\7KS_@IC\?/@!^UW_P40\,:YXE7]H?P?\ #K]NK]A[]DGX%?"K
MQMXU^''PIT/X=:?^UK\)=!\7:MXCG\7^%?A#J7B3Q$GACXA:Q+9+;^)KF]GL
M_!]M<Z;'>7FNV"R7GL_P)_X+8ZW\:M&^&OBAOV<-(\,^'OBQ^Q1#^W-X%6'X
MJZ[XGUOQ1\/?AWK/BG0?VG_ NA6NG?"2UTF\^(WP?OO#VC-X;TV36H++Q['\
M1/!"7UUX-DFU46 !^G7_  R[X_\ ^CW?VO/_  (_9G_^AHH_X9=\?_\ 1[O[
M7G_@1^S/_P#0T5^9OPV_X+1>,OB1X-_9]\<']E7_ (0'PK\>]0M[72/''CWX
MEZOIW@J-/&WA7X>^*O@Q'IIL?A?>^-9T^(G_  G6J^$;7Q3XB\%>%?AK<?$+
MX>:_X1T'QUK<_B7P3>:U\C^ ?^#@3XQ^%_@Q^RKXA^*?[/OPG^)GBSXU_LH?
M!O\ :E\9:_X)^/*^!;+2--^-'[7_ ($_9/TWPCI?A;6_AIJ<?]OZ!K_Q1\,Z
MSJ,$_B+[#9:;H_B&WOM5>XM8+Z] /V;^,W_!/;2_VAOAGXI^#?QK_:F_:A^(
M_P ,/&UOI]KXK\%^(V_9LGT;6X-*UC3M?TU+R*']FZ"8_8M:TG3=2MVCFC=+
MJSA<-\I!].7]EOQXBJB?MM?M=(B*%1$F_9F1$51A415_9H"JJ@ *H      %
M?ES\)O\ @N5<?%[QY\&_ACX<_9>UBY\8^,K/XU7'Q1?2?'.H:]X7^']M\*/V
MH?B)^R>GBK0?$EM\/K6T\2> 8_&O@*/QKX[\1>(D\"W'A+P'XET2/0M,\<>+
MKB/P[+\W>!?^"_'Q<_:!T']G0_#OX$_";X0^(?BI\>_^">6D>*/^$U^-D_CC
M1['X-_MHV'QAUM+;^TM,^'&B-H/C2TG^"&N^'KR6\TW4+33]/\1:=J%J&UL-
M968!^['_  R[X_\ ^CW?VO/_  (_9G_^AHH_X9=\?_\ 1[O[7G_@1^S/_P#0
MT5\%_P#!3/XE?'CX2?M(?\$[-"^&7[5/Q,^%OA']K?\ :^T#]GWXA>#_  ]I
MGP,GTK3OA^GP?^)OB^]U/PG=^.OA-XN\167BK5/%?AWP^;C7+G6K^Q@MF31[
M+2;<WXDDYO6?^"JWQ1^&UE^UYI6I_"#X:>)] _8F^-?@K]EC4OBQX]_:0L?"
M&O\ QK^+/C'1/@Q=^!;A? 7A?X'7\>@>(?'0^)EXE]H>F1KID'BW3X-*T/'A
M^]O=6\. 'Z,?\,N^/_\ H]W]KS_P(_9G_P#H:*/^&7?'_P#T>[^UY_X$?LS_
M /T-%?A!X\_X+??$K]H/PA^RCXC_ &== T_X!P^)?&7_  3(\>_%N]\6_$+P
M;K.H:YX:_;:^-/Q'^&NJ_!WPKX>UKX<ZG;>-_"FBVWPO\1V7C+XDZ%K/@OQ)
MHVJZIH$OAO3II=.UJWK1_9^_X+T>,?*_9T\'^/?A'IGC^V^*FJ_"F#Q-\4=3
M^.?A&R\8Z.WQZ_;4^,/[*^AZ=:^!_"_P7\*>&_$">"M7\#V5[83VLWAQM6\'
MI -:FB\4"XN]3 /W._X9=\?_ /1[O[7G_@1^S/\ _0T4?\,N^/\ _H]W]KS_
M ,"/V9__ *&BOE;]@O\ ;Y^+7[>L7Q]M_%7[.OB3]ESP7X!\-Z%;:)X\N?&%
M[JWBJ+Q=XKN_'5CK?@VX@\4_"C1/!6G?$'X1:?X8TG5?&<^C:G\1_ UMJ7BW
MP];Z;JWB/3TOIJ_-OX,_\%1OB;H/_!"CX-_M:?%?]H>?Q]^U?\6["+Q/-J=M
M<?![PIXNDTBT_:9\._"GQ5<>#M L_A9J_P /=-TGPMX6U726N8O$O@NZ2YNM
M:DM1KMIK&K:)/: '[F_\,N^/_P#H]W]KS_P(_9G_ /H:*/\ AEWQ_P#]'N_M
M>?\ @1^S/_\ 0T5^+/C;_@X4UKX?>)?B]INO_LJ^#;CPY\)O&7[1WAZZ\0:9
M^TU8M?:QHW[,/[17P?\ @5XXUJ'0+SX36TUI>^(+?XR:-X@\):,;ZY\R]T76
M-+U6_L; VNMOS6C?\%G/C+X)_:0^/6@^*=/T+QC\#?@;XX_X*N>)_&UE>^*/
M#=Y\3=9\-_L/:+\#[SPI\./@K:^%_AOX4TZ>WN8/B4=1L--\;7FK^,;F:YUR
M37/'%YIGAS3X]7 /W+_X9=\?_P#1[O[7G_@1^S/_ /0T52U+]F;X@V>G7]W'
M^VY^UV7M;*ZN4!N/V9\%X())5!S^S01@E0#D$>QZ5^$'[7__  6\^-^H?LU>
M)K;X0?#.]_9L^-6F_ 27]IF;XD^*_%>CKX;?X=Z5\?\ X-_##P[=?!S2/B5\
M)YS\6[;XA:1\3K?7M1T_Q?X9^%]]I7A,2W>CW5WJ6I>'+B[_ *BM1E,_AB_F
M+K(9M!NI3(I4JYDT]WWJ5^4JV=P*_*0<CC% 'DG[*_B_Q)\0OV8?V<?'WC+5
M&UOQ?XX^ WP@\7^*]:>UL;%]7\2>)?A]X>UK7=4>RTRVLM-LVU#5+VZNVM=/
ML[2QMS,8K2V@@2.)/>:^8OV)?^3,OV1O^S8O@)_ZJKPI7T[0 4444 ? /AWP
M=\4/C?\ %O\ :DFG_:B^/7PUT/X:_''1_AOX.\'_  SA^"%GX<TSP]'^SW\!
M_'EQ)(_C/X+>-_$5]J=_XG\>>([^[O+W7YT"7-O9VEO:VEI#"OH7_#+OC_\
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M-/\ @(/%^N6^D+\4?%'_  K7QSIMGX8UW4[[5)],^)>BZ_#I^G3:> ?T@?\
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MEG'J6L1ZK=Z/I3QZQHP!^\'_  R[X_\ ^CW?VO/_  (_9G_^AHH_X9=\?_\
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M:U^'.L0>!]%LM4AU*Q^)&G>(KG2;FTTN]G,.JA=12PT&%O$0!^F__#+OC_\
MZ/=_:\_\"/V9_P#Z&BC_ (9=\?\ _1[O[7G_ ($?LS__ $-%?!_[-G[6_BZV
M_P""@'_!6SX??&O]H\:A\'/V8O%_[)WAGX)>"O%S?#;2-)\)W_[07PKL_&&K
M:,NI>%O!>E^-O$>I7WQ O].\+>$[35M2U_4K6SU"#0TM=6U>2*Z?X _9\_X+
MZ_$JY\&_L]>'M=^"6D?%;6?B7X9^ >MZW\0_%_[0O@CPIXD@U7]I[]M3XQ_L
MB>$=#NM!\(? W0O"=U:^"?%?@33M6U#6M/M-$BE^'P>>^MI/%D8360#][_\
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M_:)_:I^-G@+X[_MJ>$/%GQS\?:GX.\3>$OVS-8^#OQ$^#GQZU'X?ZG^SS?\
MP>^".KW?A#P#\>_V=_$VCV5]X&\+>'?&OA]9/A9^T]\%_%$.@?%OQKXD\->$
M/B%%K&I^(+;3(@#]X_\ AEWQ_P#]'N_M>?\ @1^S/_\ 0T4?\,N^/_\ H]W]
MKS_P(_9G_P#H:*_F?^&WQ2_X*/\ A#]GG]DKXU?$C]HWX@>'_P!B']LGQ_\
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MS:*** "OD+]M'_DGWPD_[.]_8S_]:<^%]?7M?(7[:/\ R3[X2?\ 9WO[&?\
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M^U:_IT$-EJTMW;1I$OK]% '@E]^RI^R]JGAOPYX-U/\ 9N^ FH^$/!_]M_\
M")>%+[X/?#R[\-^%O^$EDMY?$?\ PCFAW'AV32]$_P"$@EM+636_[,M;7^U9
M+:W>_P#/:&,K[!JEM;V?AO4;.SMX;6TM=$O+:UM;:*."WMK>"PDB@M[>")4B
MAAAB58XHHU6..-51%"@ ;=96N_\ (#UG_L%:C_Z234 ?._[$O_)F7[(W_9L7
MP$_]55X4KZ=KYB_8E_Y,R_9&_P"S8O@)_P"JJ\*5].T %%%% 'R?^S;_ ,E+
M_;?_ .SL-._]9+_95KZBU+3--UFPN=+UC3['5M,O8S#>:=J5I;WUA=PDAC%<
MVEU'+;SQEE5C'+&ZD@'&0*^7?V;?^2E_MO\ _9V&G?\ K)?[*M?6% '@>H_L
MI_LNZQHVC>'=6_9M^ >J>'_#DFOR^'M"U'X/?#R]T;0I?%;1MXHDT;2[GP[+
M9:7)XD:*)M?>Q@@;6&CC.HFY**11O?V0/V2]2+G4?V7?V==0,KRRR&]^"?PT
MNC))/IEOHD\C^?X9DWO-HUK:Z1*[9:33+:WL')M(8XE^BJ* /._#7P@^$W@S
MQ!<>+?!_PO\ AWX4\57>@:1X3NO$WAKP3X:T+Q!<^%O#]E8Z;H/AJXUK2],M
M=2FT#1-.TS3;#2-&DN6T[3;+3[&UL[:&"T@CCPM'_9X^ 'A[PGXK\ Z!\#/@
M[H?@7QY*\_CCP7H_PR\%:9X3\9SR!%DF\5^'++1(-'\12NL:*\FKV=X[!$#,
M0HQ[#10!YQ<_!WX1WFH>#]6N_A9\.+K5?AYHESX9\ :G<^!_#,^H>!O#=[IA
MT6\\/^#[V72VN?#.B7>C$Z3<Z5HLEE83Z8382V[VI,5?+OB+_@G-^ROXD_:"
M^$?[0]Q\/])L-6^"G@KQIX)\%?#'3/"_P\A^"T4/CWQ+I/C'7_$]WX N/!-U
M$GCH^)M T#6+#Q?I.HZ3K%A=Z/;F"<1W6J1ZA]TT4 >.ZK^SO^S_ *[?>)M3
MUOX%_!W6-2\::WHGB7QCJ&J_#+P5J%]XL\1^&6=_#FO^)KN[T2:XU[6_#[R2
M/HFJZI)=7VE-([6$]N78GY.^/'Q"_8L^'?B[Q3:^+/A5=3?$#7/'?@O0];^)
M7P=_9UU3XA>.]'^.OBWPO?V_PS/_  EGP^\#^)_$VF_&:R\)ZM_:/A'7[J"2
M^\-:9KNBEM4L$\0Z9::A^B=?CQ\<OV1_C-\19/BO\(_#_@[P%XF\.^)OVS_A
M_P#MA1ZU\3O%GCKP?X-\6^!K'P_X/MM7^'*>)?A]X>\5>(]'\?:/XS\%SV2P
MS65EIR>"+_P[K&FW6IW$6K:+8@'M?P$^/O['NL>&OA9^RYX>\3>/?B_-\6K+
MXR^%+E_B[\)_&VK:OX[\6_"#4+O1/VA-"_:#U76/AQH'A?1OBQHVM">W^(_A
M?XA:?X:UW5;^_BG71;V#4(Y9?./"OQ@_X)HZ3XETF3PO^S'I7A'7?"'@#6_&
MD/B";]AKQ%\.E^'OPD3QCKGP_P#%GBZ;Q)X@^%'AJ#PYX*M-??Q&FOI8WJRW
M&C3:OKXTV]T&>ZU!\KP3^P%\=_!G[-FF^$/#OQ4^'W@SX\>!/VJ_%/[1GP)O
MM*LO%'BCX;_!+PKXUUZ]TKQ/\%K;7M<BT[XA_$70-4^&/BCXA6-[XE\21Z;J
M=]XN\6P7$U@FA>'M,L:[OX[_ +/WQIM/B/\ $;Q=X!\+^!_%?P\\2_L17?[(
M/@GPQ'J_B*7QZWC+7]<OVT;7/$MA/X:B\&Z;\.=+&K(?%&JW'BO[?::+I]Y>
MV]C>WLMKI$X!]H6?[.G[.!TSP[:Z?\"?@B=&\/\ AWQ%X=\)VUG\,/ ATS1/
M"?CI;B7Q;H7AV&'0_LNF^'?&*W]W)XBTS35ATWQ"M[</J<%V+F0OS8_8V_9"
M$36X_95_9N$#QW\3PCX&_#$1-%JEM;6>IQM&/"^QH]1M+*SM;]"I6\MK2V@N
M!)%!$J>J_"SP?<?#SX8_#GP!=ZD-8NO W@/PAX/N=7$30C5;CPSX?T[19M2$
M+,[1"^DLFNO*9F:/S=I8D9/>4 ?E_P#M.?\ !'K]A']JN7P(/'/PAT7P=I?@
M&3Q=/IWA_P"%'ASX?^!=$U.]\;MX5_M_6-3MK7P3>7%MXFDM_!VC65EXO\.W
M6@^+-.M(WCL];A=+22U^SO%_[,?[./Q$O=*U3XC_  %^#WQ)UK1-"L_#&E^(
M/B/\-_!_CWQ':Z!IXD%II*^(?%NCZQK,EE$TLTIAEOG62XN+BXDWSW$TC^Y4
M4 ?/UW^R9^RO?LSWW[,_[/UZ[36-PSW?P:^'-PS3Z9HH\-Z;.S3>&W)FT_PZ
MJZ!8R$E[315&EV[1V($%.T3]D_\ 99\-7>GW_AS]FGX :!?:3JNFZ[I=[HGP
M;^'6E7>FZWHUI)I^CZQI]S8>'()K/5=)L)IK+3=0MWCN[&TEDMK6:*%V0^_T
M4 >3:7\ _@7H=YX5U#1/@M\)M'O_  )H>H>&/!%]I?PY\'Z?>>#?#6K->-JO
MA[PK<VFC0S>'M#U-M1U!M0TG2'L["]:^O#<V\IN9R]GX=?!#X+_!^35IOA+\
M(?A?\+I=>ATVWUR7X=> /"G@F36H-&2>/2(-6?PUI.F-J,.E1W5U'IL=X9DL
M4N9TM5B6:0-ZA10!\]?M<_\ )J/[3O\ V;U\:?\ U6_B6O0?A#_R2;X7_P#9
M._!/_J-:97GW[7/_ ":C^T[_ -F]?&G_ -5OXEKT'X0_\DF^%_\ V3OP3_ZC
M6F4 >B4444 %?)_[._\ R6']NC_LYSP?_P"L=_LJU]85\G_L[_\ )8?VZ/\
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MCQU)X9T+X?\ ]N:YINJGQ;8QZ39:I-J,$_RAK?["OQT\>^$/V=/AQ?\ PO\
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M<0W>AWGCC[5HLO\ PEEUHUW;P76E7&O?;YM.N((9K1X9(D9?7** .3\$^ ?
MOPT\/6WA'X<>"_"?P_\ "EE/>W5GX8\$^'-'\*>'K2YU&ZEOM0N+;1="L[#3
M8)[^]GGO+V6*V22ZNII;B=I)I'<_+G[8W_(0_9#_ .SS_A)_ZC/Q%K[/KXP_
M;&_Y"'[(?_9Y_P )/_49^(M 'V?1110 5X9^U!_R;3^T/_V0SXM?^H#X@KW.
MO#/VH/\ DVG]H?\ [(9\6O\ U ?$% &O^S__ ,D'^"?_ &2/X;_^H;HM>MD!
M@58 J0000""",$$'@@C@@\$5Y)^S_P#\D'^"?_9(_AO_ .H;HM>N4 9 \/Z
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MV[76E:M!>31Q 'Z2>'OVGOA*GQ3^,WPKUK0M2^$\WP=U3P!X>U_QS\0C\/\
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M_P#"9>$/^AJ\-_\ @\TO_P"2J/\ A,O"'_0U>&__  >:7_\ )5 '25E:[_R
M]9_[!6H_^DDU4/\ A,O"'_0U>&__  >:7_\ )59>N>,?"#:+K 'BKPUDZ7J
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M!S@X.#C@]<'UQ7-_\)EX0_Z&KPW_ .#S2_\ Y*H_X3+PA_T-7AO_ ,'FE_\
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M2BN;_P"$R\(?]#5X;_\ !YI?_P E4?\ "9>$/^AJ\-_^#S2__DJ@#I**YO\
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M' NDZ;HFH:;J7A.XU/3]4_XGCV=M^H__  F7A#_H:O#?_@\TO_Y*KB/&VB_
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M_P +?_FJH ^F**^9_P#AM/\ 8X_Z.S_9G_\ #[_"W_YJJ/\ AM/]CC_H[/\
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M6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!\S_\,6?L<?\ 1IG[,_\
MX8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!\S_\,6?L<?\ 1IG[
M,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!\S_\,6?L<?\
M1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!\S_\,6?L
M<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!\S_\
M,6?L<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7TQ10!
M\S_\,6?L<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\ ,K7T
MQ10!\S_\,6?L<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A;_\
M,K7TQ10!\S_\,6?L<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\ AB/A
M;_\ ,K7TQ10!\S_\,6?L<?\ 1IG[,_\ X8CX6_\ S*T?\,6?L<?]&F?LS_\
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M* .;_P"$-\(?]"KX;_\ !'I?_P BT?\ "&^$/^A5\-_^"/2__D6NDHH YO\
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M\2:YXI\,>'?%_A?7O$O@:[TZP\;>'M%U_2=4USP=?:O9#4M)L_%.DV-W/?\
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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MA^*UEKGB;X)_L[0:WX4\0_'[0]2LOAYJ'ASQ+\#H/CEX ^"WB2/XG:1-X_\
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M]?&G_P!5OXEKT'X0_P#))OA?_P!D[\$_^HUIE>??M<_\FH_M._\ 9O7QI_\
M5;^):]!^$/\ R2;X7_\ 9._!/_J-:90!Z)1110 4444 %%%% !1110 4444
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M7RK6&&%/;J** "BBB@#YZ_:Y_P"34?VG?^S>OC3_ .JW\2UZ#\(?^23?"_\
M[)WX)_\ 4:TRO/OVN?\ DU']IW_LWKXT_P#JM_$M>@_"'_DDWPO_ .R=^"?_
M %&M,H ]$HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@#Y/_ &;?^2E_MO\ _9V&G?\
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M\7^+M6OO$WB)?[/)U;7I(M6O6FOK2SG@]^H **** "BBB@ HHHH ^>OVN?\
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M2]?7E% 'R'_PU%X__P"C(OVO/_ ?]F?_ .B7H_X:B\?_ /1D7[7G_@/^S/\
M_1+U]>44 ?G9\>?C;\6/B3\#?C/\.O#G[$?[6 \0^/OA1\1?!6A'4?\ AFBT
MT\:SXI\(:QH6EF^N_P#AI.7[+9B^OX#=7'ER>3!ODV/MVG[B^'6D7_A_X?>!
M=!U6)8-4T3P;X8TC4H$E29(;_3=$L;*\B2:(M',L=Q#(BRQL4D #H2I!KL:*
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
-HHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
