5 unchanged sentences
Based upon this evaluation,
−Removed: our management concluded that as of September 30, 2024, our disclosure controls and procedures were not effective at the reasonable assurance
+Added: our management concluded that as of December 31, 2024, our disclosure controls and procedures were not effective at the reasonable assurance
level due to the material weaknesses described below.
−Removed: ● We are lacking adequate segregation of duties and effective
−Removed: risk assessment;
−Removed: ● We are lacking sufficient written policies and procedures
−Removed: for accounting and financial reporting with respect to the requirements and application of both the U.S.
+Added: We are lacking adequate segregation of duties and effective risk assessment;
+Added: We are lacking sufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both the U.S.
GAAP, and SEC guidelines.
−Removed: A material weakness is a deficiency, or a combination of deficiencies,
−Removed: within the meaning of PCAOB Auditing Standard AS2201, in internal control over financial reporting, such that there is a reasonable possibility
−Removed: that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely
−Removed: We plan to address the weaknesses identified above by implementing the following measures:
−Removed: (i) Continuously hiring additional accounting staffs with comprehensive
−Removed: knowledge of U.S.
+Added: A material weakness is a deficiency,
+Added: or a combination of deficiencies, within the meaning of PCAOB Auditing Standard AS2201, in internal control over financial reporting,
+Added: such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements
+Added: will not be prevented or detected on a timely basis.
+Added: We plan to address the weaknesses identified above by implementing the following
+Added: Continuously hiring additional accounting staffs with comprehensive knowledge of U.S.
GAAP and SEC reporting requirements;
−Removed: (ii) Designing and implementing formal procedures and controls
−Removed: supporting the Company’s period-end financial reporting process, such as controls over the preparation and review of account reconciliations
−Removed: and disclosures in the consolidated financial statements;
−Removed: (iii) Ameliorating our internal audit to assist with assessment
−Removed: of Sarbanes-Oxley compliance requirements and improvement of internal controls related to financial reporting.
+Added: Designing and implementing formal procedures and controls supporting the Company’s period-end financial reporting process, such as controls over the preparation and review of account reconciliations and disclosures in the consolidated financial statements;
+Added: Ameliorating our internal audit to assist with assessment of Sarbanes-Oxley compliance requirements and improvement of internal controls related to financial reporting.
Changes in Internal Control over Financial
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.