10 unchanged sentences
evaluation was conducted under the supervision and with the participation of our Management of the effectiveness of the design and operation
−Removed: of our disclosure controls and procedures as of February 28, 2023.
−Removed: Based on our Management’s evaluation under the framework in
−Removed: Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, our Management
−Removed: concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed
−Removed: in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods
−Removed: specified in SEC rules and forms.
+Added: of our disclosure controls and procedures as of May 31, 2023.
+Added: Based on our Management’s evaluation under the framework in Internal
+Added: Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, our Management concluded
+Added: that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in
+Added: the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified
+Added: in SEC rules and forms.
material weakness is a control deficiency, or combination of control deficiencies, such that there is a reasonable possibility that a
1 unchanged sentence
In connection
−Removed: with the assessment described above, Management identified the following control deficiencies that represent material weaknesses at February
−Removed: Due to our limited resources,
−Removed: we do not have enough accounting personnel with extensive experience in maintaining books and records and preparing financial statements
−Removed: in accordance with U.S.
−Removed: GAAP which could lead to untimely identification and resolution of accounting matters inherent in our financial
−Removed: transactions in accordance with U.S.
−Removed: The Company has insufficient
−Removed: written policies and procedures for accounting and financial reporting, which led to inadequate financial statement closing process.
−Removed: The Company has a lack
−Removed: of segregation of duties, a lack of audit committee or independent governance/oversight.
+Added: with the assessment described above, Management identified the following control deficiencies that represent material weaknesses at May
+Added: to our limited resources, we do not have enough accounting personnel with extensive experience in maintaining books and records and
+Added: preparing financial statements in accordance with U.S.
+Added: GAAP which could lead to untimely identification and resolution of accounting
+Added: matters inherent in our financial transactions in accordance with U.S.
+Added: Company has insufficient written policies and procedures for accounting and financial reporting, which led to inadequate financial
+Added: statement closing process.
+Added: Company has a lack of segregation of duties, a lack of audit committee or independent governance/oversight.
in Internal Controls over Financial Reporting
4 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.