7 unchanged sentences
carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer
−Removed: and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of December 31, 2023.
+Added: and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of June 30, 2024.
Based on the evaluation
1 unchanged sentence
our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective .
+Added: Remediation Initiatives
+Added: an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we plan to initiate
+Added: the following series of measures to further strengthen the Company’s internal controls going forward:
+Added: hire a reporting manager (“Internal Finance Manager”) who has the requisite relevant U.S.
+Added: GAAP and SEC reporting experience
+Added: and qualifications;
+Added: make an overall assessment on the current finance and accounting resources and hire additional accounting members with appropriate levels
+Added: of accounting knowledge and experience;
+Added: streamline our accounting department structure and enhance our staff’s U.S.
+Added: GAAP and SEC reporting requirements on a continuous
+Added: basis through internal training provided by the Internal Finance manager;
+Added: participate in trainings and seminars provided by professional services firms on a regular basis to gain knowledge on regular U.S.
+Added: /SEC reporting requirements updates;
+Added: engage an external “Sarbanes-Oxley 404” consulting firm to help us implement Sarbanes-Oxley 404 internal controls compliance
+Added: together with the establishment of our internal audit function.
+Added: anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2024.
in Internal Controls over Financial Reporting
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.