What changed in this filing

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Item 4. Controls and Procedures

2026-05-13 compared with 2025-11-13 · 30 added, 31 removed, 37 unchanged (62% of the section changed)

9 unchanged sentences

carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer

(principal executive officer) and Corporate Controller (principal financial officer), of the effectiveness of the design and operation

of these disclosure controls and procedures, as such term is defined in Exchange Act Rule 13a-15(e), as of September 30, 2025.

on this evaluation, the Chief Executive Officer and Corporate Controller concluded that our disclosure controls and procedures were not

effective as of September 30, 2025, the end of the period covered by this Quarterly Report on Form 10-Q, due to the material weaknesses

described below.

(principal executive officer), of the effectiveness of the design and operation of these disclosure controls and procedures, as such

term is defined in Exchange Act Rule 13a-15(e), as of March 31, 2026.

Based on this evaluation, the Chief Executive Officer (principal

executive officer) concluded that our disclosure controls and procedures were not effective as of March 31, 2026, the end of the period

covered by this Quarterly Report on Form 10-Q, due to the material weaknesses described below.

Management’s Report on Internal Control over Financial Reporting

7 unchanged sentences

may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

has assessed the effectiveness of our internal control over financial reporting as of September 30, 2025.

In making our assessment of

the effectiveness of internal control over financial reporting, management used the criteria set forth in Internal Control — Integrated

has assessed the effectiveness of our internal control over financial reporting as of March 31, 2026.

In making our assessment of the

effectiveness of internal control over financial reporting, management used the criteria set forth in Internal Control — Integrated

Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

3 unchanged sentences

As a result of our evaluation of our internal control over financial reporting,

management identified the following material weakness in our internal control over financial reporting:

lacked a sufficient number of accounting professionals with the necessary knowledge, experience and training to adequately account

for significant, unusual transactions, when they occur, and has resulted in misapplications of GAAP, particularly with regard to

equity financing arrangements and the timing of recognition of certain non-cash charges.

management concluded that we did not maintain effective internal control over financial reporting as of September 30, 2025.

management identified the following material weaknesses in our internal control over financial reporting:

lack a sufficient number of accounting professionals with the necessary knowledge, experience and training to adequately account

for the application of new accounting standards as well as significant, unusual transactions particularly with regard to equity financing

arrangements and the timing of recognition of certain non-cash charges.

management concluded that we did not maintain effective internal control over financial reporting as of March 31, 2026.

for Remediation of Material Weakness

2024, a material weakness was identified in our internal control over financial reporting, specifically related to the accuracy of standard

labor and overhead cost calculations.

As of September 30, 2025, management has concluded that this material weakness has been remediated

through the implementation of enhanced processes and controls to ensure that standard labor and overhead costs are calculated appropriately

and accurately.

These improvements include, but are not limited to, periodic monitoring and analysis of variances between actual and

standard manufacturing costs, overseen by both the Chief Executive Officer and the Corporate Controller (Principal Financial Officer).

Company believes that the combination of responsibilities held by the Chief Executive Officer and the Corporate Controller strengthens

3 unchanged sentences

and remediation measures already in place.

quarterly report does not include an attestation report of our registered public accounting firm regarding internal control over financial

annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial

Management’s report was not subject to attestation by its registered public accounting firm pursuant to the Dodd-Frank

1 unchanged sentence

Changes in Internal Control over Financial Reporting

Plan for Remediation of Material Weakness described above was remediated during the quarter ended June 30, 2025.

There were no changes

in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during our most

recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control

over financial reporting.

were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act,

during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal

control over financial reporting.

5.02 - Departure of Directors or Certain Officers;

Election of Directors

April 25, 2025, Frank Cesario notified the Board of Directors of his resignation as Director, effective immediately, due to personal

Cesario’s departure was not due to any disagreement with the Company on any matter relating to its operations, policies,

January 19, 2026, Philip Wong notified the Board of Directors of his resignation as Director, effective immediately, due to personal

Wong’s departure was not due to any disagreement with the Company on any matter relating to its operations, policies,

or practices.

May 1, 2025, Douglas Bosley notified the Board of Directors of his resignation as Director, effective immediately, due to personal reasons.

Bosley’s departure was not due to any disagreement with the Company on any matter relating to its operations, policies, or

July 8, 2025, the Board of Directors appointed Darlene Chiu Bryant as an Independent Director to fill the vacancy created by Mr.

January 22, 2026, Iris Chan was elected as an Independent Director and Audit Committee Chair for the vacant term to conclude upon the

election of directors during the 2026 Annual Meeting of Shareholders.

February 17, 2026, Yubao Li notified the Board of Directors of his resignation as the Chairman and Director, effective immediately, due

to personal reasons.

Li’s departure was not due to any disagreement with the Company on any matter relating to its operations,

policies, or practices.

February 17, 2026, Gerald D.

was elected as interim Chairman.

Roberts has agreed to serve until a permanent Chairman

March 27, 2026, Fred H.F.

Chak was elected by the Board of Directors as an Independent Director effective immediately.

OTHER INFORMATION

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-Q

Item 4. Controls and Procedures