What changed in this filing

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Item 1B. Unresolved Staff Comments

2026-04-15 compared with 2025-04-15 · 31 added, 33 removed, 1 unchanged (98% of the section changed)

STAFF COMMENTS

UNRESOLVED STAFF COMMENTS

CYBERSECURITY

We acknowledge the increasing

importance of cybersecurity in today’s digital and interconnected world.

Cybersecurity threats pose significant risks to the integrity

of our systems and data, potentially impacting our business operations, financial condition and reputation.

As a smaller reporting

company, we currently do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to

manage cybersecurity risks.

Our approach to cybersecurity is in the developmental stage, and we have not yet conducted comprehensive risk

assessments, established an incident response plan or engaged with external cybersecurity consultants for assessments or services.

We have not experienced

any significant cybersecurity incidents to date.

However, we recognize that the absence of a formalized cybersecurity framework may leave

us vulnerable to cyberattacks, data breaches and other cybersecurity incidents.

Such events could potentially lead to unauthorized access

to, or disclosure of, sensitive information, disrupt our business operations, result in regulatory fines or litigation costs and negatively

impact our reputation among investors, shareholders, customers and partners.

We are in the process

of evaluating our cybersecurity needs and developing appropriate measures to enhance our cybersecurity posture.

This includes considering

the engagement of external cybersecurity experts to advise on best practices, conducting vulnerability assessments and developing an incident

response strategy.

Our goal is to establish a cybersecurity framework that is commensurate with our size, complexity and the nature of

our operations, thereby reducing our exposure to cybersecurity risks.

In addition, our Board of Directors (the “Board”) will

oversee any cybersecurity risk management framework and a dedicated committee of the Board or an officer appointed by the Board will review

and approve any cybersecurity policies, strategies and risk management practices.

Despite our efforts to

improve our cybersecurity measures, there can be no assurance that our initiatives will fully mitigate the risks posed by cyber threats.

The landscape of cybersecurity risks is constantly evolving, and we will continue to assess and update our cybersecurity measures in response

to emerging threats.

For a discussion of potential

cybersecurity risks affecting us, please refer to the “Risk Factors” section of this Annual Report.

We acknowledge the increasing importance of cybersecurity

in today’s digital and interconnected world.

Cybersecurity threats pose significant risks to the integrity of our systems and data,

potentially impacting our business operations, financial condition and reputation.

As a smaller reporting company, we currently

do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to manage cybersecurity

Our approach to cybersecurity is in the developmental stage, and we have not yet conducted comprehensive risk assessments, established

an incident response plan or engaged with external cybersecurity consultants for assessments or services.

We have not experienced any significant cybersecurity

incidents to date.

However, we recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks,

data breaches and other cybersecurity incidents.

Such events could potentially lead to unauthorized access to, or disclosure of, sensitive

information, disrupt our business operations, result in regulatory fines or litigation costs and negatively impact our reputation among

investors, shareholders, customers and partners.

We are in the process of evaluating our cybersecurity

needs and developing appropriate measures to enhance our cybersecurity posture.

This includes considering the engagement of external

cybersecurity experts to advise on best practices, conducting vulnerability assessments and developing an incident response strategy.

Our goal is to establish a cybersecurity framework that is commensurate with our size, complexity and the nature of our operations, thereby

reducing our exposure to cybersecurity risks.

In addition, our Board of Directors (the “Board”)

will oversee any cybersecurity risk management framework and a dedicated committee of the Board or an officer appointed by the Board

will review and approve any cybersecurity policies, strategies and risk management practices.

Despite our efforts to improve our cybersecurity

measures, there can be no assurance that our initiatives will fully mitigate the risks posed by cyber threats.

The landscape of cybersecurity

risks is constantly evolving, and we will continue to assess and update our cybersecurity measures in response to emerging threats.

For a discussion of potential cybersecurity risks

affecting us, please refer to the “Risk Factors” section of this Annual Report.

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 1B. Unresolved Staff Comments