<SEC-DOCUMENT>0001213900-23-087545.txt : 20231115
<SEC-HEADER>0001213900-23-087545.hdr.sgml : 20231115
<ACCEPTANCE-DATETIME>20231115160519
ACCESSION NUMBER:		0001213900-23-087545
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230930
FILED AS OF DATE:		20231115
DATE AS OF CHANGE:		20231115
EFFECTIVENESS DATE:		20231115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hanryu Holdings, Inc.
		CENTRAL INDEX KEY:			0001911545
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41763
		FILM NUMBER:		231410564

	BUSINESS ADDRESS:	
		STREET 1:		160, YEOUISEO-RO
		STREET 2:		YEONGDEUNGPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			07231
		BUSINESS PHONE:		82-2-564-8588

	MAIL ADDRESS:	
		STREET 1:		160, YEOUISEO-RO
		STREET 2:		YEONGDEUNGPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			07231
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>ea188479-nt10q_hanryu.htm
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>
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<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"><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.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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>FORM 12b-25</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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>NOTIFICATION OF
LATE FILING</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">Commission File Number:&nbsp;001-41763</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 191.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>(Check&nbsp;One)&nbsp;</I>&#9744;&nbsp;&nbsp;&nbsp;Form&nbsp;10-K&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;Form&nbsp;20-F&nbsp;&nbsp;&nbsp;&#9744;&nbsp;Form&nbsp;11-K&nbsp;&nbsp;&nbsp;&#9746;&nbsp;Form&nbsp;10-Q&nbsp;&nbsp;&nbsp;&#9744;&nbsp;Form&nbsp;10-D&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;Form&nbsp;&nbsp;N-SAR&nbsp;&nbsp;&nbsp;&#9744;&nbsp;Form&nbsp;N-CSR</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">For Period Ended:&nbsp;September
30, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">&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: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9744;</TD><TD STYLE="text-align: justify">Transition Report&nbsp;on Form 0-K</TD>
</TR></TABLE>

<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: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9744;</TD><TD STYLE="text-align: justify">Transition Report&nbsp;on Form 20-F</TD>
</TR></TABLE>

<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: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9744;</TD><TD STYLE="text-align: justify">Transition Report&nbsp;on Form 11-K</TD>
</TR></TABLE>

<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: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9744;</TD><TD STYLE="text-align: justify">Transition Report&nbsp;on Form 10-Q</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">For the Transition
Period Ended:</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></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"><I>READ&nbsp;INSTRUCTION&nbsp;(on&nbsp;back page)
BEFORE&nbsp;PREPARING&nbsp;FORM.&nbsp;PLEASE PRINT&nbsp;OR&nbsp;TYPE</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Nothing in this form
shall be construed to imply that the Commission has verified any information contained herein.</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></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: left">If the notification relates to&nbsp;a portion of
the filing&nbsp;checked above,&nbsp;identify the Item(s) to&nbsp;which the notification relates:</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><B>PART&nbsp;I&nbsp;&mdash; REGISTRANT INFORMATION</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 100%; text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hanryu Holdings, Inc</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Full Name&nbsp;of Registrant</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; width: 100%; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Former&nbsp;Name&nbsp;if applicable</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 100%; text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">160, Yeouiseo-ro, Yeongdeungpo-gu</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address of Principal Executive Office<I>&nbsp;(Street and Number)</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 100%; text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seoul, Republic of Korea 07231</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">City, State and Zip&nbsp;Code</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><B>PART&nbsp;II&nbsp;&mdash; RULES&nbsp;12b-25(b)
and (c)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">If the subject report&nbsp;could not be&nbsp;filed
without unreasonable effort or expense and the registrant&nbsp;seeks&nbsp;relief pursuant to&nbsp;Rule 12b-25(b),&nbsp;the following should
be&nbsp;completed.&nbsp;(Check box if appropriate)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 1in; text-align: left">&#9746;&nbsp;(a)The&nbsp;reasons described
in&nbsp;reasonable detail in&nbsp;Part III of this form&nbsp;could not be&nbsp;eliminated without unreasonable effort or expense;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: left; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 1in; text-align: left">&#9746;&nbsp;(b)The&nbsp;subject annual
report,&nbsp;semi-annual report,&nbsp;transition&nbsp;report&nbsp;on Form&nbsp;10-K, Form&nbsp;20-F, Form&nbsp;11-K, Form&nbsp;N-SAR&nbsp;or
Form&nbsp;N-CSR, or portion thereof,&nbsp;will&nbsp;be&nbsp;filed on or before&nbsp;the fifteenth&nbsp;calendar&nbsp;day following the
prescribed&nbsp;due date;&nbsp;or the subject quarterly report&nbsp;of transition&nbsp;report&nbsp;on Form 10-Q, or portion thereof
will&nbsp;be&nbsp;filed on or before&nbsp;the fifth&nbsp;calendar&nbsp;day following the prescribed&nbsp;due date;&nbsp;and&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left">&#9744;&nbsp;(c)The&nbsp;accountant&rsquo;s statement
or other exhibit&nbsp;required&nbsp;by Rule 12b-25(c) has&nbsp;been attached&nbsp;if applicable&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>State below in reasonable detail the reasons why
the Form 10-K, 11-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Registrant was unable to file its Quarterly Report
on Form 10-Q for the nine month ended September 30, 2023 by the prescribed date and time deadline of 5:30 p.m. (EDT), November 14, 2023,
due to the financial reviewer&rsquo;s request for the supporting documentations be translated into Korean and English for the analysis.
Because the Registrant&rsquo;s business extends to FANTOO users across the globe and because of the number of languages that needs to
be translated, additional time is needed despite of the diligent efforts by the Registrant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>PART IV &mdash;&nbsp;OTHER INFORMATION</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(1)&nbsp;Name and telephone number of person to contact
in regard to this notification&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&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; width: 49%; text-align: center; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Changhyuk Kang</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 2%; text-align: center; font-size: 10pt; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 49%; text-align: center; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82-2-564-8588</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name)</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Telephone Number)</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; text-align: left">(2)&nbsp;Have all other periodic reports&nbsp;required&nbsp;under
Section 13 or 15(d)&nbsp;or the Securities&nbsp;Exchange&nbsp;Act of 1934 or Section 30 of the Investment Company Act of 1940 during the
preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">If answer is no identify report(s)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Yes&nbsp;&#9746;&nbsp;No&nbsp;&#9744;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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">(3)&nbsp;Is&nbsp;it&nbsp;anticipated&nbsp;that
any significant change in&nbsp;results of operations&nbsp;from&nbsp;the corresponding&nbsp;period&nbsp;for&nbsp;the last&nbsp;fiscal&nbsp;year&nbsp;will&nbsp;be&nbsp;reflected
by the earnings&nbsp;statements to&nbsp;be&nbsp;included in&nbsp;the subject report&nbsp;or portion thereof?&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.85pt; text-align: right; text-indent: -33.85pt">Yes&nbsp;&#9744;&nbsp;No&nbsp;&#9746;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.85pt; text-align: right; text-indent: -33.85pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.85pt; text-align: right; text-indent: -33.85pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; 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">If so, attach&nbsp;an&nbsp;explanation
of the anticipated&nbsp;change,&nbsp;both&nbsp;narratively&nbsp;and quantitatively, and,&nbsp;if appropriate, state the reasons why&nbsp;a
reasonable estimate&nbsp;of the results cannot be&nbsp;made:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20.9pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20.9pt; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20.9pt; text-align: left">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Name&nbsp;of Registrant as Specified&nbsp;in&nbsp;Charter)</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: left">has&nbsp;caused&nbsp;this notification to&nbsp;be&nbsp;signed
on its&nbsp;behalf by the undersigned hereunto duly&nbsp;authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: November 15, 2023&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Chgnghyuk Kang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chgnghyuk Kang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">INSTRUCTION:&nbsp;The&nbsp;form&nbsp;may&nbsp;be&nbsp;signed
by an&nbsp;executive officer of the registrant&nbsp;or by any other duly&nbsp;authorized representative.&nbsp;The&nbsp;name&nbsp;and title
of the persons signing&nbsp;the form&nbsp;shall be&nbsp;typed or printed beneath&nbsp;the signature. If the statement is signed on behalf
of the registrant&nbsp;by an&nbsp;authorized representative (other&nbsp;than&nbsp;an&nbsp;executive officer),&nbsp;evidence&nbsp;of the
representative&rsquo;s&nbsp;authority to&nbsp;sign on behalf of the registrant&nbsp;shall be&nbsp;filed with&nbsp;the form.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Intentional&nbsp;misstatements or omissions&nbsp;of
fact constitute Federal Criminal&nbsp;Violations&nbsp;(See&nbsp;18 U.S.C.&nbsp;1001).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">1.This&nbsp;form&nbsp;is required&nbsp;by
Rule 12b-25 (17&nbsp;CFR 240.12b-25)&nbsp;of the General&nbsp;Rules and Regulations&nbsp;under the Securities&nbsp;Exchange&nbsp;Act of
1934.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">2.One signed original and four conformed&nbsp;copies&nbsp;of
this form&nbsp;and amendments thereto&nbsp;must&nbsp;be&nbsp;completed&nbsp;and filed with&nbsp;the Securities&nbsp;and Exchange Commission,
Washington,&nbsp;D.C. 20549 in&nbsp;accordance with&nbsp;Rule 0-3 of the General&nbsp;Rules and Regulations&nbsp;under the Act.&nbsp;The&nbsp;information
contained in&nbsp;or filed with&nbsp;the form&nbsp;will&nbsp;be&nbsp;made&nbsp;a matter&nbsp;of public record&nbsp;in&nbsp;the Commission
files.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">3.A&nbsp;manually&nbsp;signed copy&nbsp;of
the form&nbsp;and amendments thereto&nbsp;shall be&nbsp;filed with&nbsp;each national securities&nbsp;exchange&nbsp;on which any class&nbsp;of
securities of the registrant&nbsp;is registered.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">4.Amendments&nbsp;to&nbsp;the
notifications must&nbsp;also be&nbsp;filed on form&nbsp;12b-25 but need not restate information&nbsp;that has&nbsp;been
correctly&nbsp;furnished. The&nbsp;form shall be&nbsp;clearly&nbsp;identified as an&nbsp;amendment notification.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">5.ELECTRONIC FILERS. This&nbsp;form&nbsp;shall
not be&nbsp;used by electronic&nbsp;filers unable to&nbsp;timely&nbsp;file&nbsp;a report&nbsp;solely&nbsp;due to&nbsp;electronic&nbsp;difficulties.
Filers unable to&nbsp;submit&nbsp;a report&nbsp;within&nbsp;the time&nbsp;period&nbsp;prescribed&nbsp;due to&nbsp;difficulties&nbsp;in&nbsp;electronic&nbsp;filing&nbsp;should
comply with&nbsp;either Rule 201 or Rule 202 of Regulation&nbsp;S-T (Section&nbsp;232.201&nbsp;or Section 232.202&nbsp;of this chapter)
or apply for&nbsp;an&nbsp;adjustment&nbsp;in&nbsp;filing&nbsp;date pursuant to&nbsp;Rule 13(b)&nbsp;of Regulation&nbsp;S-T (Section&nbsp;232.12(c)&nbsp;of
this chapter).&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left"></P>

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