Item 1. Legal Proceedings
ITEM 1.
LEGAL PROCEEDINGS.
On December 23, 2023, the Company received legal correspondence
and supporting documents addressed to APSI Holdings Limited (formerly Alchemy Prime Holdings Limited) and FDCTech, Inc. The nature of
the legal claims or disputes has not been fully specified in the received correspondence. The Company is assessing the situation and will
respond appropriately. While management cannot predict the outcome of these matters, any adverse resolution could potentially have a material
impact on the Company’s business, financial condition, and results of operations. The Company intends to defend its interests vigorously
and will provide further updates as material developments arise.
Management is unaware of any other actions, suits,
investigations, or proceedings (public or private) pending or threatened against or affecting any of the assets or any affiliate of the
Company.
Item 1A.
Risk Factors.
In accordance with the requirements of Form 10-Q,
the Company, as a smaller reporting company, is not required to disclose this item.
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