What changed in this filing

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Item 3. Legal Proceedings

2024-11-29 compared with 2023-12-14 · 21 added, 27 removed, 2 unchanged (96% of the section changed)

On October 8, 2021, a filing (the “Filing”) was made with the

Kuala Lumpur High Court by a reseller (the “Reseller”) of the Company’s INCU ionic nano copper solution (the “Solution”)

and the Reseller’s related party (together with the Reseller, the “Plaintiffs”).

The Reseller was authorized by WKL

Eco Earth’s sole distributor of the Solution (the “WKL Distributor”) to resell the Solution together with a diffuser

with a capacity of not more than 1000ml through a tripartite agreement (the “Tripartite Agreement”) entered into between (a)

the Reseller, (b) the WKL Distributor and (c) a solution packaging company (the “Packaging Company”).

WKL Eco Earth was not

a party to the Tripartite Agreement and did not directly authorize or engage the Reseller in the resale of the Solution.

In the Filing,

the Plaintiffs claimed against (i) WKL Eco Earth;

(iii) Chan Kok Wei, (iv) the Packaging Company and (v) two directors of

the Packaging Company for loss and damages arising from an alleged breach of contract, defamation and tort of inducement.

The Plaintiffs

also alleged that pursuant to the Tripartite Agreement, WKL Eco Earth was prohibited from selling the Solution to any party other than

the WKL Distributor, and that the Tripartite Agreement allowed for the resale of the Solution by the Plaintiffs without limitation, the

Plaintiffs were not confined in their resale of the Solution to a product consisting of a diffuser with a capacity of not more than 1000ml.

The Company believes the claims are without merit and will defend itself against the claims.

Besides the above, we are not a party to any legal proceedings that in

the opinion of our management would have a material adverse effect on our business.

However, from time to time we may become involved

in legal proceedings or may be subject to claims arising in the ordinary course of our business.

Although the results of litigation and

claims cannot be predicted with certainty, we believe that the final outcome of ordinary course matters will not have a material adverse

effect on our business, operating results, financial condition or cash flows.

The Company believes the claims are without merit and will defend itself

against the claims.

On October 8, 2021, a filing (the “Filing”)

was made with the Kuala Lumpur High Court by a reseller (the “Reseller”) of the Company’s INCU ionic nano copper solution

(the “Solution”) and the Reseller’s related party (together with the Reseller, the “Plaintiffs”).

The Reseller was authorized by WKL Eco Earth’s

sole distributor of the Solution (the “WKL Distributor”) to resell the Solution together with a diffuser with a capacity of

not more than 1000ml through a tripartite agreement (the “Tripartite Agreement”) entered into between (a) the Reseller, (b)

the WKL Distributor and (c) a solution packaging company (the “Packaging Company”).

WKL Eco Earth was not a party to the Tripartite

Agreement and did not directly authorize or engage the Reseller in the resale of the Solution.

In the Filing, the Plaintiffs claimed against (i)

WKL Eco Earth;

(iii) Chan Kok Wei, (iv) the Packaging Company and (v) two directors of the Packaging Company for loss and

damages arising from an alleged breach of contract, defamation and tort of inducement.

The Plaintiffs also alleged that pursuant to the

Tripartite Agreement, WKL Eco Earth was prohibited from selling the Solution to any party other than the WKL Distributor and allow for

the resale of the Solution by the Plaintiffs without limitation, and that the Plaintiffs were not confined in their resale of the Solution

to a diffuser with a capacity of not more than 1000ml.

On April 9, 2024, a notice of withdrawal

was filed with the Kuala Lumpur High Court, whereby it was agreed upon both the Reseller and the Company that the Reseller withdraws

their claims in the Filing without liberty to file afresh and with no order as to costs, and that the Company withdraws its counterclaim

against the Reseller without liberty to file afresh and with no order as to costs.

SAFETY DISCLOSURES

1 unchanged sentence

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.

What changed 10-K

Item 3. Legal Proceedings