Flywheel Advanced Technology, Inc.

Business model

• Operates as a shell company under SEC Rule 405 with nominal assets and no ongoing operations.
• Primary objective is to identify and complete a business combination or to acquire an operating business to commence operations.
• Management plans to raise capital and pursue targets through leases, purchases, licenses, joint ventures, mergers, consolidations, or other transaction structures. Any post-transaction structure may result in a change of control and dilution for current shareholders.
• The company does not plan to develop a market for its securities until a successful business combination is completed or an operating business is developed.

Corporate status and structure

• Incorporated in Nevada; formerly Pan Global Corp., renamed Flywheel Advanced Technology, Inc.
• Completed a 1:100 reverse stock split in July 2022.
• On September 15, 2022, amended the Preferred Stock designation: 10,000,000 preferred shares converted to 16,200,000 common shares, increasing Sparta’s ownership to approximately 60.7% at that time.
• Blue Print Global Limited, 70% owned by the company, was incorporated in the British Virgin Islands on November 30, 2022; the remaining 30% is held by two unrelated individuals.
• QBS System Limited (Hong Kong) was acquired via a Share Exchange Agreement and became a wholly owned subsidiary on March 22, 2023.
• In July 2024, the company transferred Mega Fortune Company Limited to Elison Virtus Company Limited in exchange for a 9.38% minority interest in Elison. Elison wholly owns Flywheel Financial Strategy (Hong Kong) Company Limited.
• The company is currently a shell with no active business operations.

Key personnel and management

• On August 5, 2024, Luk Yuen Leung was appointed Chief Executive Officer, President, and sole director, and designated as Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer.
• Tang Siu Fung resigned as a director on July 30, 2024; Blue Print appointed a new director the same day.
• In August 2024, Luk Yuen Leung replaced Tang Siu Fung as the sole director and officer of Blue Print.
• Management has indicated limited time will be devoted to company matters; there are no full-time employees.
• On May 27, 2025, additional executives were appointed at the Board level: Chief Marketing Officer, Chief Human Resources Officer, Chief Operating Officer, and Chief Strategy Officer.
• Principal executive offices are located in Carson City, Nevada.

Ownership highlights

• Flywheel Advanced Technology, Inc. holds 70% of Blue Print Global Limited; the remaining 30% is held equally by two unrelated individuals.
• Sparta’s ownership increased to about 60.7% after the 2022 conversion but was reduced to 40.64% following sales of portions of its stake in 2023.
• The company has engaged in related party transactions and reorganizations involving QBS System, Blue Print, Mega Fortune, and Elison as part of its strategic activities.

Operations and financials

• No operations are currently ongoing.
• The company has not generated revenues to date.
• The company’s common stock trades on the OTC Markets (OTCID Basic Market); trading is limited and illiquid.

Notable items and arrangements

• Agency relationships:
  • Blue Print entered an Agency Agreement with International Supply Chain Alliance Co., Ltd. (ISCA) in December 2022 to distribute warehouse patrol robots in China; the agreement has a five-year term with automatic renewals.
  • On October 1, 2025, Blue Print entered an Agency Agreement with XCoffee Robotics Trading Ltd. for distribution in Abu Dhabi, UAE.
• Targeted acquisition activity:
  • The company intends to identify potential business combinations by contacting affiliates, lenders, investment banks, private equity firms, consultants, and attorneys.
  • The company would typically issue common stock or other securities in connection with a reorganization or acquisition.

Location and information access

• Principal offices: 123 West Nye Lane, Suite 455, Carson City, NV 89706.
• The company does not currently maintain a website.
• SEC filings (10-K, 10-Q, 8-K, etc.) are available via sec.gov.

Bottom line

Flywheel Advanced Technology, Inc. is a shell company focused on finding and completing a business combination or acquiring an operating business to begin revenue-generating activities. It currently has no operations or revenues and relies on a small, evolving management team and targeted strategic transactions, mergers, or reorganizations to create future value.