SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K

~~10-K~~ (Mark One)

(Mark One)
☒	ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
☐	~~ANNUAL~~TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
☒	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _October 1, 2024 to December 31, 2024 _____________________

For the period from, December 31, 2024 to December 31, 2025

Commission File No. 333-199108

Summit Networks, Inc.

(Exact name of registrant as specified in its charter)

Nevada	35-2511257
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3010-8888 Odlin Cresent, Richmond, BC Canada	V6X 3Z8
1221 Brickell Avenue, Suite 900, Miami, Florida	33131
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: ~~(604) 232~~305-~~3968~~347-5158

Securities registered pursuant to Section 12(b) of the Act:

None

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		None		None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes ☒ No ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

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Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

IfIndicate ~~securities~~by ~~are~~check ~~registered~~mark ~~pursuant~~whether the registrant has filed a report on and attestation to ~~Section~~its ~~12(b)~~management's assessment of the ~~Act,~~effectiveness ~~indicate~~of byits ~~check~~internal ~~mark~~control ~~whether~~over ~~the~~ financial ~~statements~~reporting under Section 404(b) of the ~~registrant~~Sarbanes-Oxley ~~included~~Act in(15 ~~the~~U.S.C. ~~filing~~7262(b)) ~~reflect~~by the ~~correction~~registered ofpublic anaccounting ~~error~~firm tothat ~~previously~~prepared or issued ~~financial~~its audit ~~statements~~report. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12(b)-2 of the Exchange Act). Yes ☐ No ☒

The aggregate market value of the common voting stock held by non-affiliates of the Registrant as of the last business day for the Registrants as of December 31, ~~Dec~~2025was ~~was~~ approximately $21,~~513~~865,~~318~~156.

As of December 31, ~~2024~~2025, there were 68,911,657 ~~shares~~ shares of common stock, par value $0.001 per share issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). Not Applicable

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Table of Contents

		Page
PART I
Item 1.	Business	3
Item 1A.	Risk Factors	53
Item 1B.	Unresolved Staff Comments	53
Item 2.	Property	53
Item 3.	Legal Proceedings	54
Item 4.	Mine Safety Disclosures	54
PART II
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters	54
Item 6.	Selected Financial Data	64
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operation	65
Item 7A.	Quantitative and Qualitative Disclosure About Market Risk	76
Item 8.	Financial Statements and Supplementary Data	89
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	2119
Item 9A.	Controls and Procedures	2119
Item 9B.	Other Information	2220
Item 9C.	Disclosure Regarding Foreign Jurisdictions That Prevent Inspections	2220
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	2320
Item 11.	Executive Compensation	2522
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2522
Item 13.	Certain Relationships and Related Transactions, and Director Independence	2623
Item 14.	Principal Accountant Fees and Services	2624
Item 15.	Exhibits, and Financial Statement Schedules	2724
Item 16.	Form 10-K Summary	2724
	Signatures	2825

-1-

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K (the "Report"), including, without limitation, statements under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations," includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "estimates," "anticipates," "expects," "intends," "plans," "may," "will," "potential," "projects," "predicts," "continue," or "should," or, in each case, their negative or other variations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, any statements relating to our ability to consummate any acquisition or other business combination and any other statements that are not statements of current or historical facts. These statements are based on management's current expectations, but actual results may differ materially due to various factors, including, but not limited to:

● The ~~ability~~Company’s ~~to provide digital transformation consulting services to small businesses in BC. ● The~~ ability to promote our products and services that we expect to market; ● our ability to retain skilled professional employees; ● our ability to continue as a going concern; ● our future PRE-IPO financing plans and ability to be profitable. ● our ability to address and as necessary adapt to changes in foreignidentify, ~~cultural,~~evaluate ~~economic, political~~ and ~~financial~~complete ~~market~~acquisitions ~~conditions~~of ~~which~~suitable ~~could~~logistics ~~impair our future operations and financial performance~~companies;

●

The Company’s ability to successfully integrate acquired businesses;

●

The Company’s ability to secure financing in connection with acquisition opportunities;

●

The Company’s ability to implement an acquisition-driven growth strategy.

The forward-looking statements contained in this Report are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Our financial statements are stated in United States dollars ($US) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this annual report, unless otherwise specified, all references to "common stock" refer to the common shares in our capital stock.

As used in this annual report, the terms "we," "us," "our," "Summit" and "Summit Networks" mean Summit Networks Inc, unless the context clearly indicates otherwise.

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PART I

ITEM 1. BUSINESS

Corporate Background and General ~~Business~~ Strategic Overview

Summit Networks Inc. (together with its subsidiary, the "Company") was incorporated under the laws of the State of Nevada on July 8, 2014. ~~Originally~~Historically, the Company ~~was~~explored ~~formed to~~multiple ~~engage in the development and operation of a~~ business ~~engaged~~directions, inincluding ~~the~~product distribution ofand ~~glass~~other ~~craft~~commercial ~~products produced in China~~initiatives. OnThese ~~May~~activities ~~8, 2018,~~were welimited ~~acquired Real Capital Limited, a Hong Kong company ("Real Capital"), to seek opportunities~~ in ~~the~~scale ~~food~~ and ~~beverage industry.~~did ~~On March 31, 2019, the Company entered into a Share Purchase Agreement (the "Real Capital SPA") pursuant to which~~not itresult ~~sold its interests~~ in ~~Real~~sustained ~~Capital.~~operating ~~The closing of the Real Capital SPA occurred on April 10, 2019~~revenues.

OnDuring ~~July~~fiscal 172025, ~~2019,~~ the Company ~~received~~completed ~~FINRA~~a ~~approval~~defined tophase ~~effect a 10-for-1 stock dividend to holders~~ of ~~its~~internal ~~common~~development ~~stock~~focused ason oforganizational ~~June 1~~structuring, ~~2019~~governance enhancement, ~~the~~and ~~record~~evaluation ~~date~~of ~~for~~operational ~~the dividend~~direction. ~~As a result,~~ ~~common~~These ~~stock~~activities ~~figures,~~were ~~share~~designed ~~capital,~~as ~~additional~~preparatory ~~paid~~work ~~in capital,~~ and ~~earnings~~were ~~per~~not ~~share~~intended ~~information have been retroactively adjusted~~ to ~~reflect~~ ~~the~~represent ~~stock~~ongoing ~~dividend~~commercial operations.

~~On May 8, 2020, Sumnet (Canada) Inc~~1. ~~("Sumnet (Canada)")~~Current ~~was~~Business incorporated in Canada. Sumnet (Canada) issued all its ordinary shares to the Company on May 8, 2020 so that Sumnet (Canada) became the wholly owned subsidiary of Company. On July 29, 2020, Smith Barney Enterprises Limited ("Smith Barney") was incorporated in the British Virgin Islands. Smith Barney issued all its ordinary shares to the Company on July 29, 2020 so that Smith Barney became the wholly owned subsidiary of Company. On August 28, 2020, Green Energy (HK) Limited ("Green Energy") was incorporated in Hong Kong. Green Energy issued all its ordinary shares to Smith Barney on August 28, 2020 so that Green Energy became the wholly owned subsidiary of Smith Barney. On September 27, 2020, Beijing Asian League Wins Technology Co., Ltd. ("Beijing ALW") was incorporated in People's Republic of China. Green Energy subscribed all capital stock of Beijing ALW on September 27, 2020 so that Beijing ALW became the wholly owned subsidiary of Green Energy.Strategy

OnThe ~~January 20, 2021, Beijing ALW and Green Energy entered into a series of contractual agreements (the "VIE Agreement") with Hengshui Jingzhen Environmental~~ Company ~~Limited~~is ~~("Hengshui Jingzhen",~~currently or the "VIE"), whereby Beijing ALW gained control over Hengshui Jingzhen, a P.R. China company, which provides integrated hazardous waste management services, including collecting, transferring, disposing, and recycling of hazardous waste, primarily in ~~Hebei, China. On March 29, 2021, the board of directors and~~ a ~~majority~~strategic ~~shareholder of the Company approved the termination of the VIE~~transition ~~Agreements with Hengshui Jingzhen~~phase. ~~On the same date, Beijing ALW, Hengshui Jingzhen, and Hengshui Jingzhen'~~Management’s ~~shareholders~~primary ~~entered~~focus ~~into a~~is ~~Termination Agreement (the "Termination Agreement")~~ to ~~terminate~~pursue ~~all~~controlling ~~existing~~acquisitions ~~VIE~~of ~~Agreements~~cash-flow ~~signed~~generating onlogistics ~~January 20~~enterprises, ~~2021. Pursuant~~primarily toin ~~the Termination Agreement, all of the rights and obligations under the existing VIE Agreements were terminated and the Company no longer had control of Hengshui Jingzhen~~Asia.

The Company intends to enhance the operational performance of acquired businesses through standardized governance, financial discipline, and selective digital integration. These capabilities were developed during the Company’s internal development phase and are expected to support post-3-acquisition integration and operational efficiency.

OnThe ~~January~~Company ~~20,~~is ~~2021,~~positioning itself as a capital-efficient acquisition platform within the ~~Company~~logistics ~~changed~~sector. ~~its~~Management ~~fiscal~~has initiated preliminary evaluation and engagement with potential acquisition ~~year-end~~targets; ~~from~~however, ~~July~~no 31definitive toagreements ~~September~~have 30been executed as of the date of this report.

~~On November 30, 2022, the Company signed a general agreement of cooperation with Future Era Tech Inc (hereinafter referred to as"FET" )~~2. InStrategic October 2023, SNTW and FET agreed to establish a new business model in the daily consumer goods segment, to organize suppliers to set up downstream companies and stores and direct supply chain to consumers, i.e. S2B2C. At present, we have completed our analysis of this model and a detailed business plan is being prepared. Management anticipates that the new business model will be funded through our next round of financing, if any deployment.Positioning

OnThe ~~April 13, 2023, the~~ Company’s ~~issued~~long-term ~~90,000~~objective ~~shares~~is to ofbuild ~~its~~a ~~common~~scalable ~~stock,~~logistics-focused ~~par~~platform ~~value~~through $0disciplined acquisitions.~~001~~ ~~per~~Rather ~~share~~than ~~equitably~~relying ~~allocated~~on toorganic ~~Mr.~~growth ~~Youyang~~from ~~(John)~~a ~~Cheng~~single operating business, the ~~director,~~Company ~~Mr.~~intends ~~Jian~~to ~~Hua~~expand ~~James~~through ~~Shu,~~ the ~~director~~acquisition ~~and~~of ~~Mr. Weiwei (Ricky) Jiang~~established, ~~the~~revenue-generating ~~director~~enterprises.

OnThis ~~October~~approach 2,is ~~2023,~~designed ~~the company issued 666,667 shares of common stock~~ to ~~Mrs. Chaoxia Huang, par value $ 0.15 per share for $100,000.05 as the operating capital.~~:

On● ~~March~~Establish ~~27,~~a ~~2024,~~stable ~~the~~cash ~~company~~flow ~~issued 625,000 shares of common stock to Mrs. Chaoying Huang, for $100,000 as the operating capital.~~base

On● ~~April~~Improve 8,operational ~~2024~~efficiency ~~Summit~~across Networks, Inc. (“SNTW”) entered into a stock purchase agreement with the shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises, a Canadian corporation, located in British Columbia Canada , (“Mega”). The transaction was consummated on May 31, 2024 and SNTW acquired all the outstanding common stock of Mega. Due to this transaction, Mega became a wholly owned subsidiary of SNTW. The shareholders of Mega received 20,000,000 shares of the common stock of SNTW. Subsequently, on October 11, 2024 the parties agreed to terminate the transaction and they entered into a Reverse Merger Agreement, whereby the Mega transaction was rescinded and all previous actions in support of the transaction were reversed and the transaction was terminated.entities

On● ~~April~~Enhance 9,long-term ~~2024,~~shareholder ~~the company issued 200,000 shares of common stock to Ms. Luo Qun, par~~ value ~~$0.13~~through ~~per~~structured ~~share in exchange for $26,000 of consulting services.~~growth

OnThere ~~July~~can ~~13,~~be ~~2024,~~no ~~the~~assurance ~~company~~that ~~issued~~any ~~30,000 shares~~acquisition ofwill ~~common~~be ~~stock~~completed toor ~~Mrs.~~that Hethe ~~Chen~~Company atwill abe ~~price~~successful ofin ~~$0.20~~executing ~~per~~its ~~share as consideration for providing IT-related services for a period of two years and 50,000 shares of common stock at a price of $0~~strategy.~~20 per share to Mr. Xuezhi Ma for consideration for providing consulting services for a period of two years.~~

~~On September 30, 2024, the Company changed its fiscal year-end from September 30 to December 31~~3. Competition

OnThe ~~October~~logistics ~~16,~~industry ~~2024~~is highly competitive and fragmented, ~~the~~particularly ~~company~~in ~~publicly~~Asia. ~~disclosed all~~The ~~documents~~Company ofexpects ~~the~~to ~~reverse~~compete ~~merger~~with existing logistics operators, ~~including~~regional ~~Stephen~~service ~~Kok~~providers, ~~Koon~~and ~~Tan~~other acquisition-focused platforms. The Company’s ~~resignation~~ability ~~from~~to ~~the~~compete ~~board~~will ofdepend ~~directors~~on its access to capital, execution capability, and ability to identify suitable acquisition targets.

~~Until~~4. ~~the~~Regulatory ~~expiration of the project contract with FET on December 31, 2024, the Company's contract with FET will not be renewed as the product specifications do not meet local market requirements.~~Considerations

OnThe ~~October 14, 2024, the~~ Company'’s ~~Board~~potential ofacquisition ~~Directors~~activities ~~resolved~~may tobe ~~approve~~subject ~~the~~to ~~senior~~regulatory ~~team's~~approvals ~~project~~in ~~plan~~relevant ~~for~~jurisdictions. ~~year~~In ~~2025-2026~~addition, ~~agreeing~~as ona ~~the~~public ~~plan~~reporting ~~for~~company ~~new~~in ~~entrepreneurial~~the ~~project~~United States, ~~consisting~~the ofCompany ais ~~plan~~subject to ~~establish~~ongoing areporting ~~new team of IT professionals,~~ and ~~the~~compliance ~~incentive~~obligations ~~plan~~under ~~were~~applicable ~~also~~securities ~~agreed upon~~laws.

~~On December 12, 2024, 20 million shares of common stock were withdrawn and returned to the company's share pool~~5. Employees

~~-4-~~As of December 31, 2025, the Company does not have a large employee base and relies on a combination of management oversight and external professional services. The Company expects to expand its operational capabilities following the completion of any acquisition transactions.

On December 13, 2024, the company issued 50,000 shares of common stock to Mr. Zhuo An Li at a price of 1.00 per share as consideration for providing IT-related services.

On December 16, 2024, the company issued 100,000 shares of common stock to Ms. Julie Yijia Yan as a nominee of Mr. Jun Yan at a price of 1.00 per share as consideration for providing IT-related services.

On December 16, 2024, the company issued 50,000 shares of common stock to Mr. Adrian Sylvain Chua at a price of $1.00 per share as consideration for providing IT-related services.

As of December 31, 2024, the Company had 68,911,657 shares of common stock issued and outstanding.

ITEM 1A. RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 1B. UNRESOLVED STAFF COMMENTS

Not applicable.

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ITEM 2. PROPERTIES

Our principal executive offices are located at ~~#3010-8888~~ ~~Odlin~~1221 ~~Cresent,~~Brickell ~~Richmond~~Avenue, ~~British~~Suite ~~Columbia~~900, ~~Canada~~Miami, ~~V6X~~Florida, ~~3Z8.~~USA 33131

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any material legal proceedings nor are we aware of any pending or potential legal actions.

ITEM 4. MINE SAFETY DISCLOSURE

Not applicable.

PART II

Market Information

Our common stock is quoted on OTCQB operated by ~~the~~ the OTC Markets under the symbol "SNTW." The OTCQB application was approved on ~~31st~~August ~~Aug~~31, 2023. There has been very ~~limited~~ limited trading in our shares of common stock to date. We plan to work to create an active market in our shares.

As of December 31, ~~2024~~2025, there were 68,911,657 ~~shares~~ shares of common stock issued and outstanding and held by a total of 60 shareholders of record.

Dividends

We have never paid nor declared any dividends on our common stock. We plan to retain any future earnings for use in our business. Any decision as to the future payment of dividends will depend on our earnings and financial position and such other facts as the Board of Directors deem relevant.

Securities Authorized for Issuance Under Equity Compensation Plans

We have not adopted an equity compensation plan and no securities have been authorized or reserved for issuance under any equity compensation plan.

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Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

ITEM 6. SELECTED FINANCIAL DATA

Not Applicable to a smaller reporting company.

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

This section provides management’s discussion of the financial condition, changes in financial condition and results of operations of Summit Networks, Inc. with specific information on results of operations and liquidity and capital resources. It includes management’s interpretation of our financial results, the factors affecting these results, the major factors expected to affect future operating results and future investment and financing plans. This discussion should be read in conjunction with our consolidated financial statements and notes thereto.

Several factors exist that could influence our future financial performance and some of those are discussed below and elsewhere in this report. They should be considered in connection with evaluating forward-looking statements contained in this report or otherwise made by us or on our behalf since these factors could cause actual results and conditions to differ materially from those set out in such forward-looking statements.

Cautionary Statement for the Purposes of the Safe Harbor under the Private Securities Litigation Reform Act of 1995

The statements contained in this Annual Report on Form 10-K may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this Report are forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this Report, or any other of our documents or oral presentations, the words “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “goal”, “intend”, “objective”, “plan”, “projection”, “seek”, “strategy” or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements relating to our strategy, operations, markets, services, and other factors all of which are difficult to predict and many of which are beyond our control. Accordingly, while we believe these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. Further, we undertake no obligation to update or revise any of our forward-looking statements whether as a result of new information, future events or otherwise.

Background

Summit Networks Inc. (together with its subsidiary, the "Company") was incorporated under the laws of the State of Nevada on July 8, 2014. ~~Originally,~~The ~~the~~ Company was ~~formed~~historically ~~to engage in the distribution of glass craft products produced in China. On May 8, 2018, we acquired Real Capital Limited,~~ a ~~Hong Kong company~~development-stage ~~("Real~~issuer ~~Capital"),~~that toexplored ~~seek~~various business opportunities inprior ~~the food and beverage industry. On March 31, 2019, the Company entered into a Share Purchase Agreement (the "Real Capital SPA") pursuant~~ to ~~which it sold~~ its ~~interests~~current instrategic ~~Real Capital~~transition. ~~The closing of the Real Capital SPA occurred on April 10, 2019.~~

~~-6-~~1. Overview and Transitional Status

~~Results~~Summit Networks Inc. (the “Company”) historically operated as a development-stage issuer. During the year ended December 31, 2025, the Company did not generate significant operating revenues and continued to focus on internal organization, governance strengthening, and structured evaluation of ~~Operations~~future operational direction.

WeManagement’s ~~did~~primary ~~not~~objective ~~generate any revenues~~ during ~~the~~fiscal ~~period ended~~2025 ~~December~~was ~~31,~~to ~~2024. Our operating expenses consisted of general and administrative expenses of $98,434, resulting in a net loss of~~preserve ~~$98,434~~corporate ~~for the period ended December 31~~continuity, ~~2024,~~maintain ~~compared to a net loss of $216~~liquidity,~~150~~ ~~and~~complete ~~net~~defined ~~income~~internal ofdevelopment ~~$23~~initiatives,~~778~~ ~~for the years ended September 30, 2024~~ and 30prepare ~~September 2023, respectively. Our general and administrative expenses consisted primarily of professional fees for~~ the ~~period~~ ~~ended~~Company ~~December 31, 2024 and the years ended September 30, 2024 and September 30, 2023. The decrease in general and administrative expenses~~ for the period ended December 31, 2024, compared to the year ended September 30, 2024, was primarily attributable to decrease in accounting fees, legal fees and also payroll costs due to the shorter reporting period of three months as opposed to a ~~full financial~~disciplined ~~year~~strategic transition.

~~Our~~2. ~~total~~Completion ~~assets as~~ of ~~December~~Phase-One ~~31,~~Internal ~~2024~~Development ~~were $234,676.~~Activities

AsDuring ofthe year ended December 31, ~~2024~~2025, the Company ~~had~~completed 68a defined,~~911,657~~ ~~shares~~time-limited phase of ~~common~~internal ~~stock~~development ~~issued~~activities. This phase consisted of research and ~~outstanding~~evaluation work related to internal systems, digital workflows, and technical feasibility under fixed-term arrangements.

AsAll ofplanned ~~December~~tasks ~~31,~~for ~~2024,~~this ~~September~~phase ~~30, 2024, and September 30, 2023, there~~ were ~~total~~completed ~~debts~~as ~~of $629~~scheduled,~~000,~~ ~~$579,000~~ and ~~$579,000 respectively, due to~~ the related ~~parties.~~project ~~These~~activities ~~debts~~concluded ~~are~~on ~~interest-free~~December 31, ~~unsecured~~ ~~and payable on demand~~2025.

~~Liquidity~~These activities were designed as a preparatory capability-building stage and ~~Capital~~were ~~Resources~~not intended as standalone commercial operations. The associated project contracts ended upon completion, and no continuing obligations remain under this initiative.

AsManagement ~~for~~considers ~~the~~this ~~period~~phase ~~ended~~to ~~December~~have ~~31,~~achieved ~~2024,~~its ~~year~~intended ~~ended~~internal ~~September 30, 2024, and year ended September 30, 2023, the Company had a negative cash flow of $7,096, $103,288 and positive cashflow of $140,785, respectively~~objectives. ~~The Company's principal sources and uses of funds were as follows:~~

For the period ended December 31, 2024, the Company used $57,096 in the operating activities, as compared to $345,288 and $59,305 for the years ended September 30, 2024 and September 30, 2023 respectively. Such decrease was due to for the period ended December 31, 2024, the operation is only for 3 ~~months period as compared to 12 months~~. ~~The~~Strategic ~~net~~Transition ~~cash generated from financing activities for the year ended December 31, 2024 was $50,000, as compared to $242,000~~ and ~~$200,090 for the year ended September 30, 2024 and September 30, 2023. Such a decrease was a result of lower capital raised~~ inBoard ~~current~~Adoption ~~period and the loan~~ of ~~funds~~2026 ~~from~~Execution ~~a related party.~~ Plan

~~The~~On Company's financial statements have been prepared on a going-concern basis which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company's liquidity and capital needs relate primarily to working capital and other general corporate requirements. As of December 31, ~~2024~~2025, ~~we had $39,230 in cash and~~ the ~~outstanding~~Board ~~liabilities were $645,730. As~~ of ~~September~~Directors ~~30,~~formally ~~2024~~adopted and September 30, 2023, we had cash of $46,326 and $149,614 respectively and there were outstanding liabilities of $592,416 and $702,847 respectively. Stockholders’ deficits for the period ended 31 December 2024 were $411,054. These factors raise concerns about our ability to continue as a ~~going concern, as discussed in the footnotes to our financial statements. However, the company’s management team has established~~2026 astrategic ~~new~~execution plan ~~for~~centered ~~financing~~on ~~the~~pursuing ~~Company’s~~controlling ~~operations~~acquisitions ~~in the short run, consisting~~ of ~~financial~~cash-flow ~~support~~stable bylogistics ~~our current shareholders and management~~enterprises. ~~The company is working with its subsidiaries to implement a new partnership plan.~~

~~Off~~The Company views fiscal 2025 as a capability-~~Balance~~building ~~Sheet~~year ~~Arrangements~~and fiscal 2026 as the operational implementation phase of a structured acquisition-driven strategy.

The digital and operational frameworks developed during 2025 are expected to serve as foundational tools for post-acquisition integration, governance standardization, and operational efficiency enhancement.

Following the revocation of regulatory restrictions in early February 2026, the Company initiated a governance upgrade and acquisition preparation phase consistent with Board authorization.

There can be no assurance that acquisition transactions will be completed.

4. Financial Condition and Liquidity

As of December 31, 2025, the Company had cash of $94,559 and total current liabilities of $1,009,316. Stockholders’ deficit totalled $892,467.

The Company continues to rely primarily on shareholder support for working capital. Management has adopted a conservative financial approach emphasizing cost control and liquidity preservation.

Consistent with the Board-approved acquisition strategy, management intends to evaluate financing alternatives in connection with specific acquisition opportunities rather than for general operating purposes.

No committed financing arrangements, acquisition agreements, or material business combinations had been executed as of December 31, 2025.

The Company’s financial statements have been prepared on a going-concern basis.

For the year ended December 31, 2025, period ended December 31, 2024 and year ended September 30, 2024, the Company had positive cash flow of $55,329 negative cash flow of $7,096 and $103,228, respectively. The Company's principal sources and uses of funds were as follows:

For the year ended December 31, 2025, the Company used $265,848 in the operating activities, compared to $57,096 for the period ended December 31, 2024 and $203,288 for the year ended September 30, 2024. This increase was primarily attributable to higher general and administrative expenses, including professional fees and compensation related to governance and compliance functions. The Company used $6,879 in investing activities during fiscal year ended December 31, 2025 for the purchase of property, plant and equipment.

The Company's financial statements have been prepared on a going-concern basis which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company's liquidity and capital needs relate primarily to working capital and other general corporate requirements. As of December 31, 2025, the Company had $94,559 in cash and the outstanding liabilities were $1,009,316 compared to cash of $39,230 and outstanding liabilities of $665,103 as of December 31, 2024. Stockholders’ deficit as of December 31, 2025 was $892,467.

These factors raise significant doubt about our ability to continue as a going concern, as discussed in the footnotes to our financial statements. Management has implemented cost control measures and continues to receive financial support from shareholders and affiliated parties to maintain operations during the Company’s strategic transition phase.

Management believes that continued shareholder support, combined with disciplined execution of the Board-approved 2026 strategic framework, may provide a structured pathway toward improved liquidity. There can be no assurance that such plans will be successfully implemented.

-5-

5. Results of Operations

For the year ended December 31, 2025, the Company reported a net loss, reflecting general and administrative expenses associated with maintaining public company status, professional services, and the completion of internal development activities.

The Company generated total revenues of $11,797 during the year ended December 31, 2025. General and administrative expenses were $320,220 during the year ended December 31, 2025, compared to $328,984 for the fifteen-month period ended December 31, 2024. The increase in general and administrative expenses was primarily due to higher professional fees and salaries and wages paid to additional consultants.

The gain on debt forgiveness related to the write-off of certain liabilities for which the Company is no longer liable. As of December 31, 2025, the gain on debt forgiveness was $nil, compared to $12,500 for the fifteen-month period ended December 31, 2024.

The net loss was $331,073 for the year ended December 31, 2025, compared to $314,584 for the fifteen-month period ended December 31, 2024.

Total assets were $116,849 as of December 31, 2025, compared to $103,709 as of December 31, 2024.

As of December 31, 2025, the Company had 68,911,657 shares of common stock issued and outstanding.

6. Governance and Organizational Restructuring

Following the revocation of regulatory restrictions in February 2026, the Company implemented governance and organizational enhancements designed to support disciplined strategic execution.

Board oversight has been strengthened to emphasize:

• Independent supervision
• Financial compliance
• Strategic acquisition review
• Capital allocation discipline

Executive responsibilities have been clarified and centralized under a streamlined management structure.

The Company currently reports as a single operating segment.

7. Amounts Due to Related Parties

As of December 31, 2025, and December 31, 2024, amounts due to related parties consisted of the following (all advances are unsecured, non-interest bearing, and payable on demand). Any interest expense incurred by the Company arises from third-party financing arrangements and is borne by the Company. The related parties do not charge, receive, or benefit from any interest or spread in connection with these advances.

Related Party	Currency	Amount
Liu Shuhua	USD	$	459,000
Wong Chiu Kin	USD	$	120,000
Zenox Enterprises Inc.	USD	$	70,000
Chao Long Huang	CAD	$	140,000
Chao Long Huang	CAD	$	282,846

Total balance as of December 31, 2025:

USD$649,000

CAD$422,846

Total balance as of December 31, 2025 was USD$957,056, which includes USD$649,000 and CAD$422,846 (equivalent to approximately USD$308,056 based on the year-end exchange rate.)

These advances represent short-term financial support provided to fund ongoing administrative, compliance, audit, and governance related expenditures.

There are no formal repayment schedules in place. Repayment, if any, will depend on the Company’s future liquidity position and capital availability.

8. Subsequent Repayment (January 2026)

In January 2026, the company repaid USD $20,000 to Zenox Enterprises Inc. This repayment did not affect the balances reported as of December 31,2025.

After this repayment, the outstanding balances due to the related parties were as follows:

USD$629,000

CAD$422,846

9. Management Commentary

Management maintains a conservative liquidity posture and continues to prioritize:

●

Preservation of working capital

●

Regulatory compliance

●

Governance stability

●

Controlled strategic transition

The Company does not currently have committed external financing arrangements and will evaluate capital alternatives only in connection with specific strategic initiatives, subject to Board authorization and regulatory compliance.

10. Outlook and Strategic Readiness

The Company is transitioning from a development-stage exploratory model toward an acquisition preparation phase.

Management anticipates evaluating potential acquisition opportunities during fiscal 2026. Any such transaction would remain subject to:

●

Board approval

●

Regulatory compliance

●

Availability of capital

●

Completion of due diligence

There can be no assurance that any acquisition or financing transaction will occur.

11. Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

-6-

Mao & Ying LLP

CHARTERED PROFESSIONAL ACCOUNTANTS

Report of Independent Registered Public Accounting Firm

To the shareholders and the board of directors of Summit Networks Inc.

Opinion

We have audited the accompanying consolidated financial statements of Summit Networks Inc (the "Company"), which comprise the consolidated statements of balance sheets as of December 31, 2025 and 2024, and the related consolidated statements of operations, changes in stockholders' deficit, and cash flows for the year ended December 31, 2025, the three months ended December 31, 2024, and the twelve months ended September 30, 2024 respectively, and the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the year ended December 31, 2025, for the three months ended December 31, 2024 and for the twelve months ended September 30, 2024 respectively, in conformity with accounting principles generally accepted in the United States of America.

Emphasis of Matter Regarding Going Concern Uncertainty

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company has accumulated losses of $1,840,134 since its inception and incurred a loss of $331,073 during the year ended December 31, 2025. These events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

1488 - 1188 West Georgia Street, Vancouver, British Columbia, V6E 4A2 Telephone: 778-379-8518 Fax: 778-379-8502

-7-

~~ITEM~~Critical 8.Audit ~~FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA~~Matters

~~REPORT~~Critical OFaudit ~~INDEPENDENT~~matters are ~~REGISTERED~~matters ~~PUBLIC~~arising ~~ACCOUNTING~~from the current period audit of the financial statements that were communicated or required to be communicated to ~~FIRM~~the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

To/s/ ~~the~~Mao ~~Shareholders~~& ~~and~~Ying ~~Board of Directors of Summit Networks Inc.~~LLP

~~Opinion~~Chartered onProfessional ~~the Financial Statements~~Accountants

~~We have audited the accompanying consolidated balance sheets of Summit Networks Inc (the "Company") as of December 31~~Vancouver, ~~2024~~ Canada, September 30, 2024 and September 30, 2023, the related consolidated statements of operations, stockholders' (deficit)/equity and cash flows for the period ended December 31, 2024, and each of the years ended September 30, 2024 and September 30, 2023 respectively, and the related notes to the consolidated financial statements and schedule (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, September 30, 2024 and September 30, 2023 and the results of its operations and its cash flows for the period ended December 31, 2024, for the years September 30, 2024 and September 30, 2023 respectively in conformity with accounting principles generally accepted in the United States of America.

~~Emphasis~~April of24, ~~Matter~~2026

~~Substantial~~We ~~doubt~~have ~~about~~served as the Company's ~~ability~~auditor tosince ~~continue~~April ~~as a going concern~~ 2025.

WePCAOB ~~draw~~ID ~~attention~~No: to Note 2 in the financial statements, which describes the uncertainty related to the Company’s ability to continue as a going concern. The Company had limited operations and did not generate any revenue during the period from July 8, 2014 (date of inception) to December 31, 2024. This resulted in an accumulated deficit of $1,509,061, net current liabilities of $411,054 and net cash outflows from operating activities of $57,096. Notwithstanding the existence of these conditions, management does not foresee any material uncertainty that will cast significant doubt on the Company’s ability to continue as a going concern and has sufficient funds to meet its obligations for the next 12 months. The Company’s ability to continue as a going concern is dependent on continuing financial support from its shareholders and management.6976

~~Our opinion is not modified with respect to this matter.~~-8-

~~Basis~~SUMMIT ~~for~~NETWORKS ~~Opinion~~INC.

~~These~~CONSOLIDATED ~~financial~~BALANCE statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. SHEETS

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.


	Note	December 31,			December 31,
		2025			2024 (Revised)
ASSETS
Current Assets:
Cash & cash equivalents		$	94,559		$	39,230
Deposits	6		2,218			2,218
Prepayments	7		15,452			62,261
Total Current Assets			112,229			103,709

Non-Current Asset:
Plant & equipment, net	5		4,620			-
Total Non-Current Asset			4,620			-

TOTAL ASSETS		$	116,849		$	103,709

LIABILITIES & STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses		$	52,260		$	36,103
Due to related parties			957,056			629,000
Total Current Liabilities			1,009,316			665,103

Commitments and Contingencies			-			-

Stockholders’ Deficit:
Preferred stock, $0.001 par value, 10,000,000 shares authorized; nil 0 share issued and outstanding			-			-
Common stock, $0.001 par value, 500,000,000 shares authorized; 68,911,657 issued and outstanding as of December 31, 2025 and December 31, 2024.			68,912			68,912
Additional paid-in capital			878,755			878,755
Accumulated deficit			(1,840,134	)		(1,509,061	)
Total Stockholders’ Deficit	9		(892,467	)		(561,394	)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT		$	116,849		$	103,709

~~Our~~The ~~audit~~accompanying ~~included~~notes ~~performing~~are ~~procedures~~an tointegral ~~assess~~part ~~the risks~~ of ~~material~~these ~~misstatement~~consolidated ~~of the~~ financial statements~~, whether due to error or fraud, and performing procedures that respond to those risks~~. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

-89-

~~Critical~~SUMMIT ~~Audit~~NETWORKS ~~Matters~~INC.

~~Critical~~CONSOLIDATED ~~audit~~STATEMENTS ~~matters~~OF are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.OPERATIONS

/s/ Assentsure PAC


	For the year ended December 31,			For the 3 months period ended December 31			For the year ended September 30
	2025			2024			2024
Revenue	$	11,797		$	-		$	-
Cost of Sales		(12,667	)		-			-
Gross loss		(870	)		-			-

Other Income:
Interest income		-			-			1,900
Interest expense		(9,983	)		-			-
Gain on debt forgiveness		-			-			12,500
Total Other income:	$	(9,983	)	$	-		$	14,400
Operating Expenses:
General and administrative expenses		320,220			98,434			230,550
Loss from operations		(320,220	)		(98,434	)		(230,550	)
Net Loss before tax	$	(331,073	)	$	(98,434	)	$	(216,150	)
Provision for income taxes		-			-			-
Net Loss	$	(331,073	)	$	(98,434	)	$	(216,150	)

Basic Net Loss per share	$	(0.05	)	$	0.00		$	0.00

Diluted Net Loss per share	$	(0.05	)	$	0.00		$	0.00

Weighted average number of common shares outstanding		68,911,657			68,911,657			88,711,657

Diluted weighted average number of common shares outstanding		68,911,657			68,911,657			88,711,657

WeThe ~~have~~accompanying ~~served~~notes asare ~~the~~an ~~Company's~~integral ~~auditor~~part of ~~since~~these ~~2021~~consolidated financial statements.

~~Singapore~~-10-

~~March~~SUMMIT ~~28,~~NETWORKS ~~2025~~INC.

~~PCAOB~~CONSOLIDATED IDSTATEMENTS ~~No:~~OF ~~6783~~STOCKHOLDERS’ DEFICIT

-9-


	Common Stock					Additional Paid-in			Accumulated
	Shares			Amount		Capital			Deficit		Total
Balance, September 30, 2023		67,139,990		$	67,140		588,867		$	(1,194,477)	$	(538,470)
Issuance of new shares		21,571,667			21,572		2,820,428			-		2,842,000
Net loss		-			-		-			(216,150)		(216,150)
Balance, September 30, 2024		88,711,657		$	88,712		3,409,295		$	(1,410,627)	$	2,087,380
Net loss		-			-		-			(98,434)		(98,434)
Issuance of new shares		200,000			200		49,460			-		49,660
Abolition of shares		(20,000,000	)	$	(20,000)		(2,580,000	)	$	-	$	(2,600,000)
Balance, December 31, 2024		68,911,657		$	68,912		878,755		$	(1,509,061)	$	(561,394)
Net loss		-			-		-			(331,073)		(331,073)
Balance, December 31, 2025		68,911,657		$	68,912		878,755		$	(1,840,134)	$	(892,467)

~~SUMMIT~~The ~~NETWORKS~~accompanying ~~INC~~notes are an integral part of these consolidated financial statements.

~~CONSOLIDATED BALANCE SHEETS~~-11-

~~(Audited)~~SUMMIT NETWORKS INC.

	Note	December 31,			September 30,			September 30,
		2024			2024			2023
ASSETS
Current Assets:
Cash & cash equivalents		$	39,230		$	46,326		$	149,614
Deposits	6		2,218			2,602,218			2,218
Prepayments			193,228			31,252			12,545
Total Current Assets			234,676			2,679,796			164,377
Non-Current Asset:
Plant & equipment, net	5		-			-			-
Total Non-Current Asset			-			-			-
TOTAL ASSETS		$	234,676		$	2,679,796			164,377
LIABILITIES & STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses		$	16,730		$	13,416		$	123,847
Accounts payable - related parties			-			-			-
Due to related parties			629,000			579,000			579,000
Total Current Liabilities			645,730			592,416			702,847
Commitments and Contingencies			-			-			-
Stockholders’ Deficit:
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 share issued and outstanding			-			-			-
Common stock, $0.001 par value, 500,000,000 shares authorized; 68,911,657, 88,711,657 and 67,139,990 issued and outstanding as of December 31, 2024, September 30, 2024 and September 30, 2023, respectively.			68,912			88,712			67,140
Additional paid-in capital			1,029,095			3,409,295			588,867
Accumulated deficit			(1,509,061	))		(1,410,627	)		(1,194,477	)
Total Stockholders’ (Deficit)/Equity	9		(411,054	)		2,087,380			(538,470	)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT		$	234,676		$	2,679,796		$	164,377

CONSOLIDATED STATEMENTS OF CASH FLOWS

The accompanying notes are an integral part of these consolidated financial statements.


	For the year ended December 31,			For the 3 months period ended December 31,			For the year ended September 30,
	2025			2024 (Revised)			2024 (Revised)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(331,073	)	$	(98,434	)	$	(216,150	)
Adjustments for non-cash items:
Depreciation of fixed assets		2,259			-			-
Shares issued for services		47,015			8,813			29,686
Changes in operating assets and liabilities:
Prepayments		(206	)		29,211			(25,766	)
Accounts payable and accrued expenses		16,157			3,314			8,942
Net cash used in operating activities		(265,848	)		(57,096	)		(203,288	)

CASH FLOWS FROM INVESTING ACTIVITY:
Purchase of property, plant and equipment	$	(6,879	)		-			-
Net cash used in investing activities		(6,879	)		-

CASH FLOWS FROM FINANCING ACTIVITY:
Due to related party	$	328,056			50,000			-
Proceed from share issuance		-		$	-		$	100,000
Net cash generated from financing activity		328,056			50,000			100,000

Net increase (decrease) in cash and cash equivalents		55,329			(7,096	)		(103,288	)
Cash and cash equivalents at beginning of year		39,230			46,326			149,614
Cash and cash equivalents at end of year	$	94,559		$	39,230		$	46,326

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest	$	7,697		$	-		$	-
Income Taxes	$	-		$	-		$	-

~~-10-~~The accompanying notes are an integral part of these consolidated financial statements.

~~SUMMIT NETWORKS INC.~~-12-

~~CONSOLIDATED~~SUMMIT ~~STATEMENTS~~NETWORKS ~~OF OPERATIONS~~ INC.

~~(Audited)~~NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

	For the 3 months period ended December 31,			For the year ended September 30			For the year ended September 30
	2024			2024			2023
Revenue	$	-		$	-		$	-
Other Income:
Rental income		-			-			1,250
Interest income		-			1,900			1,900
Miscellaneous income		-			-			3,324
Gain on debt forgiveness		-			-			182,666
Reversal of over-accrued salary		-			12,500			-
Total Other income:	$	-		$	14,400		$	189,140
Operating Expenses:
General and administrative expenses		98,434			230,550			165,362
Loss from operations		(98,434	)		(230,550	)		(165,362	)
Net (Loss) Income	$	(98,434	)	$	(216,150	)	$	23,778
Basic Net Income (loss) per share	$	0.00		$	0.00		$	0.00
Diluted Net Income (loss) per share	$	0.00		$	0.00		$	0.00
Weighted average number of common shares outstanding		68,911,657			88,711,657			67,139,990
Diluted weighted average number of common shares outstanding		68,911,657			88,711,657			67,139,990

December 31, 2025

~~The~~NOTE ~~accompanying~~1. ~~notes~~ORGANIZATION ~~are~~AND anDESCRIPTION ~~integral~~OF ~~part of these consolidated financial statements.~~BUSINESS

~~-11-~~Summit Networks Inc. (together with its subsidiary, the "Company") was incorporated under the laws of the State of Nevada on July 8, 2014.

~~SUMMIT~~The ~~NETWORKS~~Company ~~INC~~currently maintains a simplified corporate structure. On May 8, 2020, Sumnet (Canada) Inc. ("Sumnet") was incorporated in Canada and is a wholly owned subsidiary of the Company.

~~CONSOLIDATED~~During ~~STATEMENT~~the OFyear ~~STOCKHOLDERS'~~ended ~~DEFICIT~~December 31, 2025, the Company completed a defined phase of internal development activities. These activities included organizational structuring, governance enhancement, and the development of internal operational models and digital workflow frameworks. This phase was designed as a preparatory stage to support future operations and was not intended to generate significant revenue.

~~(Audited)~~The Company is currently in a strategic transition phase. Management’s primary focus is to pursue controlling acquisitions of cash-flow generating logistics enterprises, primarily in Asia, including port-based freight forwarding and related logistics service providers.

	Common Stock
	Shares			Amount			Additional Paid-in Capital			Accumulated Deficit			Total
Balance, September 30, 2022		62,049,990		$	62,050			393,867		$	(1,218,255	)	$	(762,338	)
Net income		-			-			-			23,778			23,778
Issuance of new shares		5,090,000			5,090			195,000						200,090
Balance, September 30, 2023		67,139,990		$	67,140			588,867		$	(1,194,477	)	$	(538,470	)
Issuance of new shares		21,571,667			21,572			2,820,428			-			2,842,000
Net loss		-			-			-			(216,150	)		(216,150	)
Balance, September 30, 2024		88,711,657		$	88,712			3,409,295		$	(1,410,627	)	$	2,087,380	)
Net loss		-			-			-			(98,434	)		(98,434	)
Issuance of new shares		200,000			200			199,800			-			200,000
Abolition of shares		(20,000,000	)		(20,000	)		(2,580,000	)		-			(2,600,000	)
Balance, December 31, 2024		68,911,657		$	68,912			1,029,095		$	(1,509,061	)	$	(411,054	)

The Company intends to utilize the operational models and digital frameworks developed during fiscal 2025 to support post-acquisition integration, operational efficiency, and governance standardization.

~~The~~Management ~~accompanying~~has ~~notes~~initiated ~~are~~preliminary anevaluation and ~~integral~~engagement ~~part~~with potential acquisition targets; however, no definitive agreements have been executed as of the date of these ~~consolidated~~ financial statements.

-1213-

~~SUMMIT~~NOTE ~~NETWORKS INC~~2. GOING CONCERN

~~CONSOLIDATED~~The ~~STATEMENTS~~accompanying OFconsolidated ~~CASH~~financial ~~FLOWS~~statements have been prepared assuming that the Company will continue as a going concern.

The Company had limited operations and did not generate significant revenue since July 8, 2014 (~~Audited~~date of inception). During the year ended December 31, 2025, the Company made progress in advancing the development of its business plan, including ongoing efforts in digital infrastructure development and strategic planning initiatives. As a result, the Company generated total revenue of $11,797 during the year ended December 31, 2025. As of December 31, 2025, the Company had an accumulated deficit of $1,840,134, net current liability of $897,087, and net cash outflows from operating activities of $265,848. The Company’s ability to continue as a going concern and to realize assets and discharge its liabilities in the normal course of business is dependent upon its generating profitable operations, obtaining additional financing or maintaining continued support from its shareholders, and identifying and acquiring other businesses or assets in the future. These factors indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that might be necessary should the Company be unable to continue as a going concern. Such adjustments could be material.

	For the 3 months period ended December 31,			For the year ended September 30,			For the year ended September 30,
	2024			2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/income	$	(98,434	)	$	(216,150	)	$	23,778
Adjustments to reconcile net income to net cash provided by operating activities:
Exchange of shares for consulting fee service (Non-cash via issuance of shares)		-			-			-
Gain on debt forgiveness		-			-			(182,666	)
Changes in operating assets and liabilities:
Deposits		-			-			(2,218	)
Prepayments		38,024			(18,707	)		(12,545	)
Accounts payable and accrued expenses		3,314			(110,431	)		114,346
Net cash used in operating activities		(57,096	)		(345,288	)		(59,305	)
CASH FLOWS FROM FINANCING ACTIVITY:
Advances from a related party	$	50,000			-			-
Proceed from share issuance		-		$	242,000		$	200,090
Net cash generated from financing activity		50,000			242,000			200,090
Net (decrease)/increase in cash and cash equivalents		(7,096	)		(103,288	)		140,785
Cash and cash equivalents at beginning of year		46,326			149,614			8,829
Cash and cash equivalents at end of year	$	39,230		$	46,326		$	149,614
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest	$	-		$	-		$	-
Income Taxes	$	-		$	-		$	-

The Company is actively looking for new business opportunities, and its operating expenses are solely dependent on loans from its shareholders.

~~The~~NOTE ~~accompanying~~3. ~~notes~~SUMMARY ~~are~~OF anSIGNIFICANT ~~integral~~ACCOUNTING ~~part of these consolidated financial statements.~~ POLICIES

~~-13-~~Basis of Presentation and Consolidation

~~SUMMIT~~The ~~NETWORKS~~accompanying ~~INC~~consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying consolidated financial statements include the financial statements of the Company and its subsidiaries. All intercompany balances and transactions are eliminated upon consolidation.

~~NOTES~~Use TOof ~~THE CONSOLIDATED FINANCIAL STATEMENTS~~Estimates

~~December~~The ~~31,~~preparation ~~2024~~of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~NOTE~~Cash 1.and ~~ORGANIZATION~~Cash ~~AND DESCRIPTION OF BUSINESS~~Equivalents

~~Summit~~Cash ~~Networks~~equivalents ~~Inc.~~include ~~(together~~short-term ~~with~~deposits ~~its subsidiary,~~with ~~the~~an ~~"Company")~~original ~~was~~maturity ~~incorporated under the laws~~ of ~~the~~three ~~State~~months ofor ~~Nevada on July 8~~less, ~~2014.~~which ~~Originally,~~are ~~the~~readily ~~Company~~convertible ~~was~~into ~~formed to engage in the development and operation of~~ a ~~business~~known ~~engaged~~amount ~~in the distribution~~ of ~~glass~~cash. ~~craft~~There ~~products~~were ~~produced~~no incash ~~China. On May 8,~~equivalents ~~2018,~~as ~~the~~of ~~Company~~December ~~acquired Real Capital Limited~~31, a2025 ~~Hong Kong company ("Real Capital"), to seek opportunities in the food~~ and ~~beverage~~ ~~industry.~~December ~~On March~~ 31, ~~2019, the Company entered into a Share Purchase Agreement (the "Real Capital SPA") pursuant to which it sold its interests in Real Capital~~2024. ~~The closing of the Real Capital SPA occurred on April 10, 2019.~~

OnRevenue ~~May~~Recognition 8, 2020, Sumnet (Canada) Inc. ("Sumnet (Canada)") was incorporated in Canada. Sumnet (Canada) issued all its ordinary shares to the Company on May 8, 2020, so that Sumnet (Canada) became the wholly owned subsidiary of Company. On July 29, 2020, Smith Barney Enterprises Limited ("Smith Barney") was incorporated in the British Virgin Islands. Smith Barney issued all its ordinary shares to the Company on July 29, 2020, so that Smith Barney became the wholly owned subsidiary of Company. On August 28, 2020, Green Energy (HK) Limited ("Green Energy") was incorporated in Hong Kong. Green Energy issued all its ordinary shares to Smith Barney on August 28, 2020 so that Green Energy became the wholly owned subsidiary of Smith Barney. On September 27, 2020, Beijing Asian League Wins Technology Co., Ltd. ("Beijing ALW") was incorporated in People's Republic of China. Green Energy subscribed all capital stock of Beijing ALW on September 27, 2020 so that Beijing ALW became the wholly owned subsidiary of Green Energy.

OnThe ~~January~~Company ~~20,~~recognizes ~~2021,~~revenue ~~Beijing~~in ~~ALW~~accordance ~~and Green Energy entered into a series of contractual agreements (the "VIE Agreement")~~ with ~~Hengshui~~ASC ~~Jingzhen~~606, ~~Environmental Company Limited ("Hengshui~~Revenue ~~Jingzhen",~~from orContracts ~~the~~with ~~"VIE"),~~Customers. ~~whereby~~Revenue ~~Beijing~~is ~~ALW~~recognized ~~gained~~when control ~~over~~of ~~Hengshui~~the ~~Jingzhen,~~promised ~~a P.R. China company, which provides integrated hazardous waste management~~ services, ~~including~~is ~~collecting,~~transferred ~~transferring,~~to ~~disposing,~~the ~~and~~customer ~~recycling~~in ofan ~~hazardous waste, primarily~~amount inthat ~~Hebei,~~reflects ~~China. On March 29, 2021,~~ the ~~board~~consideration ~~of directors and a majority shareholder of~~ the Company ~~approved~~expects ~~the~~to ~~termination~~receive ofin ~~the~~exchange ~~VIE Agreements~~for ~~with~~those ~~Hengshui Jingzhen~~services. OnThe ~~the~~Company ~~same~~is ~~date,~~primarily ~~Beijing~~engaged ~~ALW,~~in ~~Hengshui~~computer integrated ~~Jingzhen,~~systems design and ~~Hengshui~~provides ~~Jingzhen's~~technology ~~shareholders~~platform ~~entered~~development ~~into a~~services ~~Termination Agreement (the "Termination Agreement")~~ to ~~terminate~~its ~~all~~customers. ~~existing~~Revenue ~~VIE~~is ~~Agreements~~recognized ~~signed~~over ontime ~~January~~as ~~20, 2021. Pursuant~~services toare ~~the Termination Agreement~~rendered, ~~all~~based ofon the ~~rights~~progress ~~and~~toward ~~obligations~~completion ~~under~~of the ~~existing~~project. ~~VIE~~Progress ~~Agreements~~is ~~were~~measured ~~terminated~~using ~~and~~ the Company’s noassessment ~~longer had control~~ of ~~Hengshui~~work performed ~~Jingzhen.~~to ~~See~~date ~~NOTE~~relative 4.to ~~EXECUTION~~the ~~AND~~total ~~TERMINATION~~services OFpromised ~~VIE~~under ~~AGREEMENTS~~the contract.

OnPlant ~~July~~and 17equipment, 2019, the Company received FINRA approval to effect a 10-for-1 stock dividend to holders of its common stock as of June 1, 2019, the record date for the dividend. As a result, common stock figures, share capital, additional paid in capital, and earnings per share information have been retroactively adjusted to reflect the stock dividend.net

Plant and equipment are recorded at cost. Depreciation is computed using the straight-~~14-~~line method over the estimated useful lives of the related capitalized assets.

OnRelated ~~January 20, 2021, the Company changed its fiscal year-end from July 31 to September 30.~~parties

~~On November 30~~Parties, ~~2022,~~which ~~the~~can ~~Company~~be ~~and Future Era Tech (“FET”) signed~~ a ~~master~~corporation ~~agreement~~or ~~for cooperation. FET purchased 5~~individual,~~000,000~~ are ~~shares~~considered ~~for~~to ~~$0.04~~be ~~and~~related ~~acquired~~if the ~~independent~~Company ~~management rights~~has ~~and management rights of~~ the ~~company's subsidiary~~ability, ~~SUMNET.~~directly ~~FET~~or ~~mainly~~indirectly, ~~operates~~to ~~clean~~control ~~energy~~the ~~methanol~~other ~~flameless~~party ~~boilers,~~or asexercise ~~well~~significant asinfluence over the ~~research~~other ~~and~~party ~~development~~in ~~and~~making ~~sales~~financial ofand ~~automated~~operational ~~production lines~~decisions. ByCompanies ~~December~~are ~~29,~~also ~~the~~considered ~~$200,000~~to ~~investment~~be ~~had~~related ~~been~~if ~~fully~~they ~~credited~~are subject to ~~the~~common ~~transaction.~~control ~~The~~or ~~first~~common ~~trial~~significant ~~order has also been executed by December 29, 2022~~influence.

On April 13, 2023, the Company issued 90,000 shares of its common stock, par value $0.001 per share equitably allocated to Mr. Youyang (John) Cheng, the director, Mr. Jian Hua James Shu, the director and Mr. Weiwei (Ricky) Jiang, the director.-14-

OnDeferred ~~October 2, 2023, the company issued 666,667 shares of common stock to Mrs. Chaoxia Huang, par value $ 0.15 per share for $100,000.05 as the operating capital.~~Tax

OnThe ~~March~~Company ~~27,~~accounts ~~2024,~~for income taxes using the asset ~~company~~and ~~issued~~liability ~~625~~method in accordance with ASC 740,~~000~~ ~~shares~~"Accounting for Income Taxes". The asset and liability method provide ofthat ~~common~~deferred ~~stock~~tax toassets ~~Mrs.~~and ~~Chaoying~~liabilities ~~Huang,~~are recognized for ~~$100,000~~the asexpected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating ~~capital~~loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

OnNet ~~April~~Loss 8,Per 2024 Summit Networks, Inc. (“SNTW”) entered into a stock purchase agreement with the shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises, a Canadian corporation, located in British Columbia Canada , (“Mega”). The transaction was consummated on May 31, 2024 and SNTW acquired all the outstanding common stock of Mega. Due to this transaction, Mega has become a wholly owned subsidiary of SNTW. The shareholders of Mega received 20,000,000 shares of the common stock of SNTW. Subsequently, on October 11, 2024 the parties agreed to terminate the transaction and they entered into a Reverse Merger Agreement, whereby the Mega transaction was rescinded and all previous actions in support of the transaction were reversed and the transaction was terminated.Share

OnThe ~~October~~Company ~~16,~~calculates ~~2024~~net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the ~~company~~net ~~publicly~~income ~~disclosed all~~by ~~documents~~the weighted-average number of common shares outstanding during the ~~reverse~~period. ~~merger,~~Diluted ~~including~~income ~~Stephen~~per ~~Kok~~share ~~Koon~~is ~~Tan’s~~computed ~~resignation~~similar ~~from~~to basic income per share except that the ~~board~~denominator is increased to include the number of ~~directors~~additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

OnIncome ~~December 12, 2024, 20 million stock certificates were returned to the company's share pool.~~Tax

OnASC ~~April~~740 9,provides ~~2024,~~guidance for the ~~company~~financial ~~issued~~statement ~~200,000~~recognition ~~shares~~and measurement of ~~common~~a ~~stock~~tax position taken or expected to Msbe taken in a tax return. ~~Luo~~If ~~Qun~~the Company determines that an uncertain tax position exists in which the Company could incur income taxes, ~~par~~the ~~value~~Company $0would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities.13 ~~per~~A ~~share~~liability for uncertain tax positions would then be recorded if the Company determined it is more likely than not that a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable. The Company does not believe any uncertain tax positions exist that would result in ~~exchange~~the ~~for~~Company ~~$26~~having a liability to the taxing authorities. The Company classifies interest and penalties related to unrecognized tax benefits,~~000~~ if and when required, as part of ~~consulting~~interest ~~services~~expense and other expense in the statements of operations. As of December 31, 2025 and December 31 , 2024, the Company did not have any amounts recorded.

OnFair ~~July~~Value 13, 2024, the company issued 30,000 shares of common stock to Mrs. He Chen at a price of $0.20 per share as consideration for providing IT-related services for a period of two years and 50,000 shares of common stock at a price of $0.20 per share to Mr. Xuezhi Ma for consideration for providing consulting services for a period of two years.Measurements

OnThe ~~September~~Company 30adopted the provisions of ASC Topic 820, ~~2024~~"Fair Value Measurements and Disclosures", ~~the~~which ~~Company~~defines ~~changed~~fair ~~its~~value ~~fiscal~~as used in numerous accounting pronouncements, establishes ~~year-end~~a ~~from~~framework ~~September~~for 30measuring tofair ~~December~~value 31and expands disclosure of fair value measurements.

OnThe ~~October~~estimated ~~16,~~fair ~~2024~~value of certain financial instruments, ~~the~~including ~~company~~cash ~~publicly~~and ~~disclosed all~~cash ~~documents~~equivalents ofare ~~the~~carried ~~reverse~~at ~~merger,~~historical ~~including~~cost ~~Stephen~~basis, ~~Kok~~which ~~Koon~~approximates ~~Tan’s~~their ~~resignation~~fair ~~from~~values because of the ~~board~~short-term nature of ~~directors~~these instruments.

~~Until~~ASC 820 defines fair value as the ~~expiration~~exchange ofprice that would be received for an asset or paid to transfer a liability (an exit price) in the ~~project~~principal ~~contract~~or ~~with~~most advantageous market for the ~~FET~~asset onor ~~December~~liability ~~31,~~in ~~2024,~~an orderly transaction between market participants on the ~~Company's~~measurement ~~contract~~date. ~~with~~ASC ~~FET~~820 ~~will~~also ~~not~~establishes bea ~~renewed~~fair asvalue hierarchy, which requires an entity to maximize the ~~product~~use ~~specifications~~of doobservable ~~not~~inputs ~~meet~~and ~~local~~minimize ~~market~~the ~~requirements~~use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

OnLevel ~~October~~1 ~~14, 2024, the Company's Board of Directors resolved to approve the senior team's project plan for year 2025~~-~~2026,~~ ~~agreeing~~quoted onprices ~~the~~in ~~plan~~active ~~for~~markets ~~new entrepreneurial project, a plan to~~for ~~establish~~identical aassets ~~new~~or ~~team of IT professionals, and the incentive plan were also agreed upon.~~liabilities

OnLevel ~~December~~2 ~~12,~~- ~~2024,~~quoted 20prices ~~million~~for ~~stock~~similar ~~certificates~~assets and ~~were~~liabilities ~~returned~~in toactive ~~the~~markets ~~company's~~or ~~share~~inputs ~~pool.~~that are observable

Level 3 -~~15-~~ inputs that are unobservable (for example cash flow modelling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis.

~~On December 13, 2024, the company issued 50,000 shares of common stock to Mr. Zhuo An Li at a price of $1.00 per share as consideration for providing IT~~-~~related services.~~15-

OnRecent ~~December~~Accounting ~~16, 2024, the company issued 100,000 shares of common stock to Ms. Julie Yijia Yan as a nominee of Mr. Jun Yan at a price of $1.00 per share as consideration for providing IT-related services.~~Pronouncements

OnThe ~~December~~Company ~~16,~~adopts ~~2024,~~new pronouncements relating to generally accepted accounting principles applicable to the ~~company~~Company as they are issued, 50which may be in advance of their effective date. The Company has reviewed all recently issued,~~000~~ ~~shares~~but not yet effective, accounting pronouncements and does not believe the future adoption of ~~common~~any ~~stock~~such topronouncements ~~Mr.~~may ~~Adrian~~be ~~Sylvain~~expected ~~Chua~~to atcause a ~~price~~material ofimpact ~~$1.00~~on ~~per~~its ~~share~~financial ascondition ~~consideration~~or ~~for~~the ~~providing~~results ~~IT-related~~of ~~services~~its operations.

AsNOTE 4. ofPLANT ~~December~~& 31EQUIPMENT, ~~2024, the Company had 68,911,657 shares of common stock issued and outstanding.~~NET

~~NOTE~~Plant 2.& ~~GOING~~Equipment, ~~CONCERN~~net consisted of the following:

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.

Schedule of plant and equipment
	December 31, 2025			December 31, 2024
Office furniture
Cost
Balance at beginning	$	5,536		$	5,536
Additions		6,879			-
Written-off		(5,536	)		-
Balance at end		6,879			5,536

Less: Accumulated depreciation
Balance at beginning		5,536			5,536
Depreciation during the year		2,259			-
Written-off		(5,536	)		-
Balance at end		2,259			5,536

Plant & equipment, net	$	4,620		$	-

~~The~~NOTE ~~Company had limited operations and did not generate any revenue during the period from July 8, 2014 (date of inception) to December 31, 2024~~5. This resulted in an accumulated deficit of $1,509,061, net current liabilities of $411,054 and net cash outflows from operating activities of $57,096. Notwithstanding the existence of these conditions, management does not foresee any material uncertainty that will cast significant doubt on the Company’s ability to continue as a going concern and has sufficient funds to meet its obligations for the next 12 months. The Company’s ability to continue as a going concern is dependent on continuing financial support from its shareholders and management.DEPOSITS

The Company is actively looking for new business opportunities, and its operating expenses are solely dependent on loans from its shareholders.

Schedule of deposits
	December 31, 2025		December, 31 2024
Rental deposit		2,218		2,218
	$	2,218		2,218

NOTE 36. ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~PREPAYMENTS

~~Basis~~The Company did not issue any common stock during the year ended December 31, 2025. During the year ended September 30, 2024 and the three-month period ended December 31, 2024, the Company issued 280,000 and 200,000 shares of ~~Presentation~~common stock, respectively, to consultants in exchange for consulting services to be provided over a period of one to two years. The total fair value of these shares was $91,660. The fair value of the common stock issued is being amortized over the respective service periods using the straight-line method. As of December 31, 2025 and ~~Consolidation~~December 31, 2024, $6,147 and $53,161 remained unamortized and was recorded as prepaid expenses to consultants.

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission and have been consistently applied. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying consolidated financial statements include the financial statements of the Company and its subsidiaries. All intercompany balances and transactions are eliminated upon consolidation. -16-

~~Use~~NOTE of7. ~~Estimates~~RELATED PARTY BALANCES AND TRANSACTIONS

~~The~~Related ~~preparation~~Party of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Balances

-16-


	December 31, 2025		December 31, 2024

Shuhua Liu	$	459,000	$	459,000
Chiu Kin Wong		120,000		120,000
Chao Long Huang		308,056		-
Zenox Enterprises Inc		70,000		50,000
	$	957,056	$	629,000

~~Cash~~Shuhua Liu and ~~Cash~~Chiu ~~Equivalents~~Kin Wong are major shareholders of the Company. Zenox Enterprises Inc. is owned by an officer of the Company.

~~Cash~~During the year ended December 31, 2025, an officer advanced $308,056 (C$422,846) to the Company for working capital purposes. The officer obtained the funds from a third-party financial institution and ~~cash~~subsequently ~~equivalents~~advanced ~~are~~them onto ~~deposit~~the Company. Under the terms of the arrangement, the Company is required to reimburse the officer for interest and financing fees incurred in connection with ~~financial~~the third-party borrowing. Accordingly, the Company recorded interest ~~institutions~~expense ~~without~~of ~~any~~$8,616 ~~restrictions~~for the year ended December 31, 2025. As of December 31, ~~2024~~2025, December ~~September 30~~31, 2024 and September 30, ~~2023~~2024, ~~cash~~the ~~equivalents~~amounts ~~amounted~~due to the shareholders of the Company, Shuhua Liu and Chiu Kin Wong and a third party Zenox Enterprise, were $39957,~~230~~056, $46629,~~326~~000, ~~and~~ $~~149~~579,~~614~~000 respectively, which were unsecured, non-interest bearing with no specific repayment terms.

~~Plant~~The loans advanced from Shuhua Liu, Chiu Kin Wong and ~~equipment~~Zenox Enterprises Inc. are unsecured and have no specific terms of repayments. Included in the $308,056 ~~net~~advanced from Chao Long Huang, $97,552 bears interest of 5.7% per annum and has no specific repayment date. The remaining $210,504 bears interest of RBC prime plus 2.54% with a minimum of 7.49% calculated monthly, and is repayable on July 1, 2026, unless an earlier repayment date is mutually agreed upon by both parties.

~~Plant~~NOTE ~~and equipment are recorded at cost~~8. ~~Depreciation is~~STOCKHOLDERS' ~~computed using the straight-line method over the estimated useful lives of the related capitalized assets.~~(DEFICIT)/EQUITY

~~Related~~Preferred ~~parties~~stock

~~Parties,~~The ~~which~~Company is ~~can~~authorized ~~be a corporation or individual, are considered~~ to ~~be related if the Company has the ability~~issue 10, ~~directly or indirectly~~000,000 preferred tostock ~~control~~shares ~~the~~with ~~other~~a ~~party~~par orvalue ~~exercise~~of ~~significant~~$0.001 per ~~influence over the other party in making financial and operational decisions~~share. No preferred ~~Companies~~stock issued ~~are~~or ~~also~~outstanding ~~considered~~as toat beDecember ~~related~~31, if2025 ~~they~~and ~~are subject~~December to31, ~~common control or common significant influence~~2024.

~~Deferred~~Common ~~Tax~~stock

The Company ~~accounts~~is ~~for~~authorized ~~income~~to ~~taxes~~issue ~~using the asset~~500,000,000 ~~and~~common ~~liability~~stock ~~method~~shares ~~in accordance~~ with ~~ASC~~a ~~740,~~par ~~"Accounting~~value ~~for Income Taxes". The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences~~ of ~~temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards~~$0.001 ~~Deferred~~per ~~tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse~~share. ~~The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.~~

~~Net~~On ~~Loss~~October ~~Per~~2, ~~Share~~2023, the Company issued 666,667 shares of common stock to Mrs. Chaoxia Huang, par value $0.15 per share for $100,000, which was received in the year ended September 30, 2023, as the operating capital.

~~The~~On ~~Company~~March ~~calculates~~27, ~~net loss per share in accordance with ASC Topic 260~~2024, ~~“Earnings per Share.” Basic income per share is computed by dividing~~ the ~~net~~Company ~~income~~issued ~~by the weighted-average~~625,000 ~~number~~shares of common ~~shares~~stock ~~outstanding~~to ~~during the period~~Mrs. ~~Diluted~~Chaoying ~~income~~Huang, ~~per~~for ~~share~~$100,000 isas ~~computed similar to basic income per share except that~~ the ~~denominator~~operating is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutivecapital.

~~Income~~On ~~Tax~~April 8, 2024 Summit Networks, Inc. (“SNTW”) entered into a stock purchase agreement with the shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises, a Canadian corporation, located in British Columbia Canada, (“Mega”). SNTW acquired all the outstanding common stock of Mega and the shareholders of Mega received 20,000,000 shares of the common stock of SNTW. The shares are contingently returnable if the closing conditions are not met. On October 11, 2024, the Company and Mega agreed to entered into a reverse merger agreement, whereby the stock purchase agreement was rescinded and all previous actions in support of the transaction were reversed including the shares issued to the shareholders of Mega. On December 12, 2024, the 20,000,000 shares of common stock were returned to the Company's share pool.

~~ASC~~On ~~740~~April ~~provides~~9, ~~guidance~~2024, ~~for~~ the ~~financial~~Company ~~statement recognition~~issued ~~and~~200,000 ~~measurement~~ shares of acommon ~~tax~~stock ~~position taken or expected~~ to ~~be taken in a tax return~~Ms. IfLuo ~~the~~Qun ~~Company determines that an uncertain tax position exists~~ in ~~which~~exchange the Company could incur income taxes, the Company would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. A liability for ~~uncertain~~consulting tax positions would then be recorded if the Company determined it is more likely than not that a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimableservices. The ~~Company~~fair ~~does~~value ~~not~~of ~~believe any uncertain tax positions exist that would result in~~ the ~~Company~~common ~~having~~stock ais ~~liability to the taxing authorities~~$0.1301 ~~The~~per ~~Company~~share ~~classifies~~based ~~interest~~on ~~and penalties related to unrecognized tax benefits, if and when required, as part of interest expense and other expense in~~ the ~~statements~~ ofshare ~~operations.~~price Ason ~~of December 31, 2024, September 30, 2024 and September 30, 2023,~~ the ~~Company~~issuance ~~did not have any amounts recorded pertaining to uncertain tax positions~~date.

~~Fair~~On ~~Value~~July ~~Measurements~~13, 2024, the Company issued 30,000 shares of common stock to Mrs. He Chen as consideration for providing IT-related services for a period of two years and 50,000 shares of common stock to Mr. Xuezhi Ma for consideration for providing consulting services for a period of two years. The fair value of the common stock is $0.328 per share based on the share price on the issuance date.

~~The~~On ~~Company~~December ~~adopted~~14, 2024, the ~~provisions~~Company ofissued ~~ASC Topic 820~~50,000 ~~"Fair~~shares ~~Value~~of ~~Measurements~~common ~~and~~stock ~~Disclosures",~~to ~~which~~Mr. ~~defines~~Zhuo ~~fair~~An ~~value~~Li as ~~used~~consideration infor ~~numerous~~providing ~~accounting~~IT-related ~~pronouncements,~~services ~~establishes~~ for a ~~framework~~period ~~for~~of ~~measuring~~one year. The fair value ~~and~~of the ~~expands~~common ~~disclosure~~stock ofis ~~fair~~$0.197 ~~value~~per ~~measurements~~share based on the share price on the issuance date.

~~The~~On ~~estimated~~December ~~fair~~16, ~~value~~2024, ofthe ~~certain~~Company ~~financial~~issued ~~instruments~~100,000 ~~including~~shares ~~cash~~of ~~and~~common ~~cash~~stock ~~equivalents~~to ~~are~~Ms. ~~carried~~Julie atYijia ~~historical~~Yan ~~cost~~as ~~basis,~~a ~~which~~nominee ~~approximates~~of ~~their~~Mr. ~~fair~~Jun ~~values~~Yan ~~because~~as ofconsideration ~~the~~for ~~short~~providing IT-~~term~~related services for a period ~~nature~~of one year. The fair value of ~~these~~the ~~instruments~~common stock is $0. 197 per share based on the share price on the issuance date.

On December 16, 2024, the company issued 50,000 shares of common stock to Mr. Adrian Sylvain Chua as consideration for providing IT-~~17-~~related services for a period of one year. The fair value of the common stock is $0.197 per share based on the share price on the issuance date.

~~ASC~~There ~~820~~were ~~defines~~no ~~fair~~shares ~~value~~issued asduring the ~~exchange~~year ~~price that~~ended ~~would~~December be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy31, ~~which~~ ~~requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value~~2025. ~~ASC 820 describes three levels of inputs that may be used to measure fair value:~~

~~Level 1~~ - ~~quoted prices in active markets for identical assets or liabilities~~17-

~~Level~~NOTE 29. -INCOME ~~quoted prices for similar assets and liabilities in active markets or inputs that are observable~~TAXES

~~Level~~The 3reconciliation -of ~~inputs~~income ~~that~~tax ~~are~~benefit ~~unobservable~~at ~~(for example~~the ~~cash~~U.S. ~~flow~~statutory ~~modelling~~rate ~~inputs~~of ~~based~~21% onfor ~~assumptions)~~the ~~The~~year ~~Company~~ended ~~has~~December no31, ~~assets~~2025 orand ~~liabilities~~the ~~valued~~year atended ~~fair~~December ~~value~~31, on2024 ato ~~recurring~~the ~~basis.~~Company's effective tax rate is as follows:

Recent Accounting Pronouncements


	December 31, 2025			December 31, 2024
Loss before income taxes	$	(331,073	)	$	(314,584	)
Corporate tax rate		21	%		21	%
Expected tax expense (recovery)		(69,525	)		(66,063	)
Difference in tax rate of foreign subsidiary		(6,344	)		(5,533	)
Permanent difference		9,873			8,085
Change in valuation allowance		65,996			63,511
Income tax expense	$	-		$	-

The Company ~~adopts~~had ~~new~~non-capital ~~pronouncements~~losses ~~relating~~of ~~to generally~~$69,525 ~~accepted~~and ~~accounting~~$66,063 ~~principles applicable to the Company~~ as ~~they are issued, which may be in advance~~ of ~~their effective date.~~December ~~The~~31, ~~Company~~2025 ~~has~~and ~~reviewed~~December ~~all recently issued~~31, ~~but not yet effective~~2024, ~~accounting~~respectively. ~~pronouncements~~These ~~and~~non-capital ~~does~~loss ~~not~~carryforwards ~~believe the future adoption of any such pronouncements~~ may be ~~expected~~carried toforward ~~cause~~indefinitely aand ~~material~~are ~~impact~~available to onoffset ~~its~~future ~~financial~~taxable ~~condition~~income, orsubject ~~the~~to ~~results~~applicable ~~of its operations~~limitations.

~~NOTE~~The 4Company has evaluated the realizability of its deferred tax assets related to these loss carryforwards and concluded that it is more likely than not that such deferred tax assets will not be realized. Accordingly, ~~EXECUTION~~a ~~AND~~full ~~TERMINATION~~valuation OFallowance ~~VIE~~has ~~AGREEMENTS~~been recorded against the deferred tax assets associated with these loss carryforwards.

OnNOTE January 20, 2021, Beijing ALW and Green Energy entered into a series of contractual arrangements, including Equity Pledge Agreement, Exclusive Technology Development, Consulting and Services Agreement, Exclusive Option Agreement, and Irrevocable Power of Attorney (collectively, the "VIE Agreements") with Hengshui Jingzhen, whereby Beijing ALW gained control over Hengshui Jingzhen, a P10.R. ~~China~~SEGMENT company, which provides integrated hazardous waste management services, including collecting, transferring, disposing, and recycling of hazardous waste, primarily in Hebei, China. This transaction was accounted for as a reverse merger in which the Company was the legal acquirer and Hengshui Jingzhen was the accounting acquirer.INFORMATION

OnASC ~~March~~Topic 29280, ~~2021,~~“Segment ~~due to changes of the Company's~~Reporting,” ~~business~~establishes ~~plan,~~standards ~~the~~for ~~board~~companies ofto ~~directors~~report ~~and~~in atheir ~~majority~~financial ~~shareholder~~statement ofinformation ~~the~~about ~~Company~~operating ~~approved~~segments, ~~the termination of the VIE Agreements with Hengshui Jingzhen. On the same date~~products, ~~Beijing ALW~~services, ~~Hengshui Jingzhen~~geographic areas, and ~~Hengshui~~major ~~Jingzhen's~~customers. ~~shareholders~~Operating ~~entered~~segments ~~into~~are adefined ~~Termination~~as ~~Agreement to~~components ~~terminate~~of ~~all~~an ~~existing~~enterprise ~~VIE~~that ~~Agreements~~engage ~~signed~~in onbusiness ~~January~~activities ~~20,~~from ~~2021. Pursuant to~~ which the ~~Termination~~enterprise ~~Agreement,~~may ~~all~~recognize ofrevenues ~~the rights~~ and ~~obligations under~~incur ~~the~~expenses, ~~existing VIE Agreements were terminated~~ and ~~the~~for ~~Company~~which ~~had~~separate nofinancial ~~control~~information ofis ~~Hengshui~~available ~~Jingzhen.~~that ~~Currently,~~is ~~two wholly-owned BVI~~regularly ~~subsidiaries,~~evaluated ~~Smith~~by ~~Barney,~~the ~~Green~~Company’s ~~Energy~~chief ~~and~~operating ~~Beijing~~decision ~~ALW~~maker, ~~were~~or ~~terminated. Therefore~~group, in ~~order~~deciding how to ~~avoid~~allocate ~~unforeseen~~resources ~~risk, we ceased our waste disposal~~ and ~~pollution~~assess ~~treatment business in China~~performance.

~~NOTE~~The 5.Company’s ~~PLANT~~chief &operating ~~EQUIPMENT~~decision maker (“CODM”) has been identified as the Chief Executive Officer, ~~NET~~who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

~~Plant~~The &CODM ~~Equipment~~assesses performance for the single segment and decides on resource allocation based on the net income or loss reported on the statement of operations and comprehensive loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews the net ~~consisted~~income (loss) as reported on the consolidated statements of operations and the ~~following:~~total assets as reported on the consolidated balance sheets. The net income (loss) is reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available. The CODM also reviews the net income (loss) to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Schedule of plant & equipment, net
	December 31, 2024			September 30, 2024			September 30, 2023
Office furniture	$	5,536		$	5,536		$	5,536
		5,536			5,536			5,536
Less: Accumulated depreciation		(5,536	)		(5,536	)		(5,536	)
Plant & equipment, net		-			-			-

NOTE 11. PRIOR PERIOD CLASSIFICATION ERROR

~~Depreciation~~As disclosed ~~expense~~in ~~for~~“Note 9 Prior Period Classification Error” of the ~~period~~consolidated ~~ended~~financial ~~December~~statements in the 10-Q quarterly 31report filed on August 19, ~~2024~~2025, during the preparation and ~~year~~filing of the quarterly consolidated financial statements for the 3 and 6 months ended ~~September~~June 30, ~~2024~~2025, ~~and~~the ~~September~~Company 30identified an error in the fair value of shares issued to consultants which overstated the prepayments by $130,967 ~~2023~~and ~~were~~additional ~~all~~paid-in capital by $~~Nil0~~150,340 as of December 31, 2024.

General and administrative expenses for the three-~~18-~~month period ended December 31, 2024 were overstated by $19,373, which was offset by another error related to understatement of accounts payable and accrued expenses of in the same amount of $19,373. As a result, there is no impact to the Company’s net loss for the period ended December 31, 2024 and the year ended September 30, 2024.

~~NOTE~~The Company 6evaluated the materiality of this error in accordance with SEC Staff Accounting Bulletin Nos.99 ~~DEPOSITS~~and 108 and concluded that the error was not material to the previously issued consolidated financial statements for any prior period. However, the Company has revised the prior period amounts in the accompanying consolidated financial statements and related disclosures for consistency and transparency.

Schedule of deposits
	December 31, 2024		September 30, 2024		September 30, 2023
Rental deposit		2,218		2,218		2,218
Shares application money*		-		2,600,000		-
	$	2,218	$	2,602,218		2,218

The revisions to the consolidated balance sheets as of December 31, 2024 are as follows:

* This represents share application money to acquire St. Mega Enterprises’ shares by issuing 20 million shares of the company.


	Previously reported			Adjustment			Revised
Prepayments	$	193,228		$	(130,967	)	$	62,261
Total Current Assets	$	234,676		$	(130,967	)	$	103,709
Accounts payable and accrued expenses	$	16,730		$	19,373		$	36,103
Total Current Liabilities	$	645,730		$	19,373		$	665,103
Additional paid-in capital	$	1,029,095		$	(150,340	)	$	878,755
Total Stockholders’ Deficit	$	(411,054	)	$	(150,340	)	$	(561,394	)

~~NOTE~~The revisions 7.to ~~PREPAYMENTS~~the consolidated cash flows for the year ended September 30, 2024 are as follows:

At 31 December 2024, this represent prepayment for consulting fees incurred for the subsequent digital transformation project in 2025.


	Previously reported			Adjustment			Revised
Shares issued for services	$	-		$	29,686		$	29,686
Prepayments	$	(18,707	)	$	(7,059	)	$	(25,766	)
Accounts payable and accrued expenses	$	(110,431	)	$	119,373		$	8,942
Net cash used in operating activities	$	(345,288	)	$	142,000		$	(203,288	)
Proceeds from share issuance	$	242,000		$	(142,000	)	$	100,000
Net cash generated from financing activities	$	242,000		$	(142,000	)	$	100,000

~~NOTE~~The revisions 8.to ~~RELATED~~the ~~PARTY~~consolidated ~~BALANCES~~cash ~~AND~~flows ~~TRANSACTIONS~~for the three-month ended December 31, 2024 are as follows:

Related Party Balances


	Previously reported		Adjustment			Revised
Shares issued for services	$	-	$	8,813		$	8,813
Prepayments	$	38,024	$	(8,813	)	$	29,211

AsThere is ofno ~~December~~impact ~~31,~~on ~~2024,~~the ~~September~~statements ~~30,~~of ~~2024~~operations and ~~September 30,~~net ~~2023,~~income ~~the~~per ~~amounts~~share ~~due~~for to the ~~shareholders~~year ofended ~~the~~September ~~Company~~30, ~~Shuhua~~2024 ~~Liu~~ and ~~Chiu~~three-month ~~Kin~~ended ~~Wong and a third party Zenox Enterprise, were $629,000,~~December ~~$579~~31,~~000~~ ~~and $579,000, respectively, which were unsecured, non-interest bearing with no specific repayment terms~~2024.

NOTE 912. ~~STOCKHOLDERS'~~SUBSEQUENT ~~(DEFICIT)/EQUITY~~EVENTS

~~On July 8, 2019, the Company filed an Amended and Restated Articles of Incorporation (the "Restated Charter") with the Secretary of State of the State of Nevada~~None. ~~Pursuant to the Restated Charter, the Company's capital stock consists of 510,000,000 shares, of which 500,000,000 are designated common stock and 10,000,000 are designated as preferred stock.~~

~~On July 17, 2019, the Company received FINRA approval to effect a 10~~-~~for~~18-1 stock dividend to holders of its common stock as of June 1, 2019, the record date for the dividend. As a result, common stock figures, share capital, additional paid in capital, and earnings per share information have been retroactively adjusted for all periods presented to reflect the stock dividend.

On January 7, 2020, in connection with the MoralArrival Share Exchange Agreement, the Company issued 3,000,000 shares of common stock to Ms. Liu. On November 11, 2020, the Share Exchange Agreement with MoralArrival was terminated and the 3,000,000 shares issued to Ms. Liu were cancelled.

On February 3, 2021, the Company issued 500,000 shares of common stock to Catalpa Holdings, Inc., a third party, as compensation for its consulting services. The fair value of 500,000 was determined to be $15,000 and was recognized as stock- based compensation for the year ended September 30, 2021.

On May 13, 2021, the Company issued 500,000 shares of common stock to Mr. Jun Du, the Chief Operating Officer. The fair value of 500,000 was determined to be $15,000 and was recognized as stock-based compensation for the year ended September 30, 2021.

On November 30, 2022, the Company and Future Era Tech (“FET”) signed a master agreement for cooperation. FET purchased 5,000,000 shares for $0.04 and acquired the independent management rights and management rights of the company's subsidiary, SUMNET. FET mainly operates clean energy methanol flameless boilers, as well as the research and development and sales of automated production lines. By December 29, the $200,000 investment had been fully credited to the transaction. The first trial order has also been executed by December 29, 2022.

-19-

On October 2, 2023, the company issued 666,667 shares of common stock to Mrs. Chaoxia Huang, par value $ 0.15 per share for $100,000.05 as the operating capital.

On March 27, 2024, the company issued 625,000 shares of common stock to Mrs. Chaoying Huang, for $100,000 as the operating capital.

On April 8, 2024 Summit Networks, Inc. (“SNTW”) entered into a stock purchase agreement with the shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises, a Canadian corporation, located in British Columbia Canada , (“Mega”). The transaction was consummated on May 31, 2024 and SNTW acquired all the outstanding common stock of Mega. Due to this transaction, Mega has become a wholly owned subsidiary of SNTW. The shareholders of Mega received 20,000,000 shares of the common stock of SNTW.

On April 9, 2024, the company issued 200,000 shares of common stock to Ms. Luo Qun, par value $0.13 per share in exchange for $26,000 of consulting services.

On July 13, 2024, the company issued 30,000 shares of common stock to Mrs. He Chen at a price of $0.20 per share as consideration for providing IT-related services for a period of two years and 50,000 shares of common stock at a price of $0.20 per share to Mr. Xuezhi Ma for consideration for providing consulting services for a period of two years.

On September 30, 2024, the Company changed its fiscal year-end from September 30 to December 31.

On October 16, 2024, the company publicly disclosed all documents of the reverse merger, including Stephen Kok Koon Tan’s resignation from the board of directors.

Until the expiration of the project contract with FET on December 31, 2024, the Company's contract with FET will not be renewed as the product specifications do not meet local market requirements.

On October 14, 2024, the Company's Board of Directors resolved to approve the senior team's project plan for year 2025-2026, agreeing on the plan for new entrepreneurial project, a plan to establish a new team of IT professionals, and the incentive plan were also agreed upon.

On December 12, 2024, 20 million shares of common stock were returned to the company's share pool.

On December 14, 2024, the company issued 50,000 shares of common stock to Mr. Zhuo An Li at a price of 1.00 per share as consideration for providing IT-related services.

On December 16, 2024, the company issued 50,000 shares of common stock to Mr. Adrian Sylvain Chua at a price of $1.00 per share as consideration for providing IT-related services.

As of December 31, 2024, the Company had 68,911,657 shares of common stock issued and outstanding.

-20-

NOTE 10. INCOME TAXES

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period/year ended December 31, 2024, September 30, 2024 and September 30, 2023 to the Company's effective tax rate is as follows:

Schedule of reconciliation of income tax benefit
	December 31, 2024			September 30, 2024			September 30, 2023
US statutory rate		21	%		21	%		21	%
Income tax expenses/(benefit) at statutory rate	$	(20,671	)	$	(45,392	)	$	4,993
Change in valuation allowance		20,671			45,392			(4,993	)
Income tax expense	$	-		$	-		$	-

NOTE 11. SUBSEQUENT EVENTS

The Company has evaluated subsequent events occurring after the balance sheet date and has determined that the following events require disclosure:

Subsidiary's Project Delivery Agreement

On January 30, 2025, Sumnet (Canada) Inc. ("Sumnet"), a wholly owned subsidiary of SNTW, entered into a project delivery agreement. This agreement includes a provision wherein Sumnet commits to supporting the parent company's future digital functionality enhancements and maintenance at no additional cost, thereby reinforcing the collaborative synergy within the organization.

As of the date of this report, Sumnet has completed the technical integration phase and is actively promoting its services in the market. The subsidiary is in advanced discussions with prospective clients, with project contracts anticipated to be signed in the near term.

These developments are expected to strengthen the Company's operational capabilities and market positioning.

Note: The Company has evaluated subsequent events through 28thMarch 2025, the date these financial statements were issued, and determined that no additional disclosures are necessary.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

At the end of the period covered by this Annual Report on Form 10-K, an evaluation was carried out under the supervision of and with the participation of our management, including the Principal Executive Officer and the Principal Financial Officer of the effectiveness of the design and operations of our disclosure controls and procedures (as defined in Rule 13a – 15(e) and Rule 15d – 15(e) under the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and the Principal Financial Officer have concluded that our disclosure controls and procedures were not effective in ensuring that: (i) information required to be disclosed by the Company in reports that it files or submits to the Securities and Exchange Commission under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in applicable rules and forms and (ii) material information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate, to allow for accurate and timely decisions regarding required disclosure.

-21-

Disclosure controls and procedures were not effective due primarily to a material weakness in the segregation of duties in the Company’s internal control of financial reporting as discussed below.

Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company (including its consolidated subsidiaries) and all related information appearing in our Annual Report on Form 10-K. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

Management conducted an evaluation of the design and operation of our internal control over financial reporting as of the end of the period covered by this report, based on the criteria in a framework developed by the Company’s management pursuant to and in compliance with the criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission. This evaluation included review of the documentation of controls, evaluation of the design effectiveness of controls, walkthroughs of the operating effectiveness of controls and a conclusion on this evaluation. Based on this evaluation, management has concluded that our internal control over financial reporting was not effective, because management identified a material weakness in the Company’s internal control over financial reporting related to the segregation of duties as described below.

While the Company does adhere to internal controls and processes that were designed and implemented based on the COSO report, it is difficult with a very limited staff to maintain appropriate segregation of duties in the initiating and recording of transactions, thereby creating a segregation of duties weakness. Due to: (i) the significance of segregation of duties to the preparation of reliable financial statements; (ii) the significance of potential misstatement that could have resulted due to the deficient controls; and (iii) the absence of sufficient other mitigating controls, we determined that this control deficiency resulted in more than a remote likelihood that a material misstatement or lack of disclosure within the annual or interim financial statements may not be prevented or detected.

-19-

Management’s Remediation Initiatives.

Management has evaluated, and continues to evaluate, avenues for mitigating our internal controls weaknesses, but mitigating controls to completely mitigate internal control weaknesses have been deemed to be impractical and prohibitively costly, due to the size of our organization at the current time. Management expects to continue to use reasonable care in following and seeking improvements to effective internal control processes that have been and continue to be in use at the Company.

Changes in ~~internal~~Internal ~~controls~~Controls ~~over~~Over ~~financial reporting~~Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred prior to the Company’s most recent financial quarter that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

None.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

None.

-22-

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

The following table sets forth information regarding ~~directors~~the ~~and~~Company’s ~~officers. All~~ directors ~~hold~~and ~~office~~executive ~~until~~officers ~~the~~as ~~next annual meeting~~ of ~~stockholders~~December or31, ~~until their successors have been elected or qualified.~~2025:

Name	Age	~~Positions~~Position	Date First Appointed	~~Date Resigned~~
Shuhua Liu	5253	Chair of the Board	June 17, 2019	~~April 10, 2024 (resigned CEO)~~
Xian Nan (Delia) Zheng	4344	Director, Secretary and Interim CFO	March 22, 2023
Youyang (John) Cheng	68	Independent Director	March 22, 2023
Youyang (John) Cheng*	68	Former Independent Director	March 22, 2023
Jianhua (James) Shu	73	Independent Director, Member of Audit Committee	March 22, 2023
Weiwei (Ricky) Jiang	33	Independent Director	March 22, 2023
Lei Yang	69	Independent Director, Chair of Audit Committee	October 12, 2025
Chao Long (Charlene) Huang	72	Chief Executive Officer	October 17, 2024
Hong Yu	62	Independent Director, Member of Audit Committee	August 25, 2023
Xuezhi (George) Ma	56	Chief Financial Officer	October 17, 2024
Weiwei (Ricky) Jiang*	33	Former Independent Director	March 22, 2023
Chao Long Charlene) Huang	72	Chief Executive Officer	October 17, 2024
Xuezhi (George) Ma *	56	Former Independent Director	October 17, 2024

Mr. Weiwei Jiang resigned as an Independent Director on April 30, 2025.

Mr. Youyang Cheng resigned as an Independent Director on October 15,2025.

Mr. Xuezhi Ma resigned as Chief Financial Officer on March 17, 2025, and resigned as an Independent Director on October 15, 2025

Ms. Liu, aged 52, has served as a Director of the Company since June 2019. She has also been serving as the President of Hebei Jingxin Group, a construction company in China, since 2015. Prior to that, Ms. Liu served as the Executive Deputy General Manager of Hebei Jingxin Group from 2010 to 2015. In 2016, Ms. Liu received her Bachelor of Arts degree from National Open University located in China. She received an MBA degree from Business School Netherlands of Tsinghua University of Beijing in 2017.

Ms. Zheng, aged 43, was employed from 2014 through 2018 as General Manager for Shanghai Timeless International Co., Ltd (“STIT”) in Shanghai, China. STIT is in the business of arranging transportation for freight and cargo. In 2008 Ms. Zheng earned a master’s degree in business administration at Northwestern Polytechnic University, USA, district located in Vancouver, Canada.-20-

MrMs. ~~Cheng~~Zheng, aged 6844, iswas aemployed from ~~Managing~~2014 ~~Director of~~through ~~Asia~~2018 ~~Region~~as General Manager for ~~Global~~Shanghai ~~Steering~~Timeless ~~System~~International Co., ~~LLC~~Ltd (“~~ARGSS’~~STIT”), ~~which is located~~ in ~~Changshu~~Shanghai, China. ~~Mr.~~STIT ~~Cheng has held this position since October 2012. ARGSS~~ is in the business of ~~designing~~arranging ~~and~~transportation ~~manufacturing steering systems~~ for ~~various~~freight ~~types~~and ~~of vehicles~~cargo. In ~~1982,~~2008 MrMs. ~~Cheng~~ Zheng earned a ~~bachelor~~master’s degree in ~~science~~business &administration at ~~technology~~Northwestern ~~from~~Polytechnic ~~the~~ University, ~~of Shanghai~~USA, ~~Located~~district located in ~~Shanghai~~Vancouver, ~~China~~Canada.

MrMrs. ~~Shu~~Huang, aged 73,. ~~was~~Ms. ~~employed~~Huang asgraduated from Huangshan Forestry College in Anhui, China with a degree in Forestry in 1975 and from Nanjing Normal University in Nanjing, China ~~Head~~with ofa ~~Operations~~degree atin ~~Cara~~Chinese ~~Operations~~Language ~~Limited~~and ~~(“COL”)~~Literature ~~from~~in ~~May~~1991. ~~1990~~From to1975 ~~June~~to1980, ~~2016~~Ms. ~~COL~~Huang isworked inas Forestry Technical Engineer for the ~~airline~~Qingyang Forestry ~~services~~Bureau ~~business~~in Anhui, China. In ~~1985~~From Mr1980 to 1993, Ms. ~~Shu~~Huang ~~earned~~worked afor ~~degree~~Meishan inMetallurgical ~~industrial~~Newspaper ~~Economics~~Company. ~~Management~~From at1993 to 2017, Ms. Huang worked as the Chief Executive Officer for various companies, including Shanghai ~~University~~Timeless ofInternational ~~Finance~~Transportation ~~and~~Co., ~~Economics~~Ltd., Hongkong ~~located~~Magic inDragon ~~Shanghai~~Shipping & Enterprises, Co., Ltd. and Shanghai Starlink Transportation and Forwarding Co. Ltd. From 2019 to ~~China~~2021, Ms. Huang has previously served as the Chief Financial Officer for the Company.

Mrs. Yang, aged 69, Ms. Yang holds a Bachelor’s Degree in Accounting from Renmin University of China. She has over 40 years of experience in corporate financial management and accounting. She has held senior financial leadership roles within major multinational and state-owned enterprise groups, including serving as Deputy Chief Accountant of China National Electric Engineering Co., Ltd., Director of Finance of China National Machinery Industry Corporation, and Chief Accountant of China Kingho Energy Group Ltd. Ms. Yang has extensive experience in corporate financial systems development, cost control, internal auditing, risk management, and group-level financial coordination. She has also served as Chairman of the Supervisory Board of publicly listed companies in China.

Ms. Yu, aged 62, holds a bachelor’s degree in Textile Design Engineering of China Textile University in Shanghai, China. She also attended Kwantlen College in Richmond, BC, Canada in an EEA Program. Ms Yu worked as a bookkeeper for ECA International Resources Ltd. located in Richmond, BC, Canada from November 2024 through August 2025. From March 2020 through October 2024 Ms. Yu worked at E-Commerce T&T Inc. in Richmond, BC, Canada in Senior Management. From September 2017 through May 2019, Ms. Yu was employed at SunClub Vacations, Inc. in Vancouver, BC, Canada as an admission assistant/bookkeeper. From August 2012 through May 2017, Ms. Yu worked at Sunshine World Travel Ltd. in Richmond, BC, Canada as an assistant in International Students Services.

Mr. Shu, age 73, was employed as a Head of Operations at Cara Operations Limited (“COL”) from May 1990 to June 2016. COL is in the airline services business. In 1985 Mr. Shu earned a degree in Industrial Economics Management at Shanghai University of Finance and Economics, located in Shanghai, China.

Mr. Jiang, aged 33, is a Manager at Purewest Property Investment Ltd. (“PPI”) located in Vancouver, British Columbia, Canada. He has held this position since September 2022, PPI is in the real estate development business. In 2009, Mr. Jiang earned a Bachelor of Commerce degree at the University of British Columbia.

~~-23-~~Mr. Cheng, aged 68, is a Managing Director of Asia Region for Global Steering System, LLC (“ARGSS”), which is located in Changshu, China. Mr. Cheng has held this position since October 2012. ARGSS is in the business of designing and manufacturing steering systems for various types of vehicles. In 1982, Mr. Cheng earned a bachelor’s degree in science & technology from the University of Shanghai, Located in Shanghai, China.

Mrs. Huang, aged 72. Ms. Huang graduated from Huangshan Forestry College in Anhui, China with a degree in Forestry in 1975 and from Nanjing Normal University in Nanjing, China with a degree in Chinese Language and Literature in 1991. From 1975 to1980, Ms. Huang worked as Forestry Technical Engineer for the Qingyang Forestry Bureau in Anhui, China. From 1980 to 1993, Ms. Huang worked for Meishan Metallurgical Newspaper Company. From 1993 to 2017, Ms. Huang worked as the Chief Executive Officer for various companies, including Shanghai Timeless International Transportation Co., Ltd., Hongkong Magic Dragon Shipping & Enterprises, Co., Ltd. and Shanghai Starlink Transportation and Forwarding Co. Ltd. From 2019 to 2021, Ms. Huang has previously served as the Chief Financial Officer for the Company.

Mr. Ma, aged 56. Mr. Ma graduated from Langara College in Vancouver, British Columbia, Canada with a degree in International Business in May 2000. Mr. Ma also attended the Canadian Securities Institute in Vancouver, British Columbia from March 1999 to May 2001 and received a certificate as a futures and options broker. Mr. Ma attended Tongji University in Shanghai, China from 1987 to 1991 and received a bachelor’s degree in mechanical engineering. From 1991 to 1995 he worked for the Beijing Railway Bureau as a mechanical engineer, designing and installing new equipment and supervising and administering a technical team. From 2001 through 2006 he worked for HCL Derivatives, Inc. in Vancouver, Canada where he provided instant market information to clients and executed their orders; explained fundamental, technical analysis and trading psychology to clients, developed and maintained a customer database and source for new customers, and designed a detailed trading and investment plan. From 2008 to 2010 he worked for Swifttrade, Inc. in Vancouver, Canada as a day trader. From 2011 to the present, he works as a family fund manager and oversees risk manager for private funds.

Director Independence

~~Our~~As ~~company~~of ~~has~~December ~~three~~31, 2025, the Company had three independent directors, as defined under applicable securities laws and ~~all~~regulations. The Board of Directors had determined that each independent ~~directors~~director ~~are~~satisfied ~~also~~the ~~served~~independence asrequirements, ~~members~~including the absence of material relationships with the ~~audit~~Company ~~committee~~that would impair their independence.

The Board and Committees

~~Our~~As ~~Company does not have separately designated standing audit, nominating or compensation committees in place. Instead, our Company's entire board~~ of ~~directors~~December ~~has served~~31, ~~and currently serves~~2025, in ~~that capacity. This is due to~~ the ~~small number of executive officers involved with the~~ Company ~~and~~had ~~the fact that the Company operates~~established ~~with~~an ~~few~~Audit ~~employees.~~Committee ~~Our~~composed ~~board~~ of directors will continue to evaluate, from time to time, whether a separately designated standing audit committee should be put in place. We do not have an audit committee financial expert as that term is defined by the rules promulgated by the Securities and Exchange Commission. We currently have limited working capital and limited revenues. Management does not believe that is would be in our best interests at this time to retain independent directors ~~to sit on an audit, nominating or compensation committee~~. ~~If we are able to generate sufficient revenues in the future, then we will likely seek out and retain independent directors and form an audit committee.~~

WeMs. ~~have~~Lei ~~not~~(Leila) ~~adopted~~Yang ~~practices~~served oras ~~polices~~the ~~regarding~~Chair of the ~~employee,~~Audit ~~officer~~Committee and ~~director~~was ~~hedging~~designated inby ~~accordance~~the ~~with~~Board as an “audit committee financial expert” as defined under Item 407(id)(5) of Regulation S-K. The Board determined that Ms. Yang possessed the requisite financial expertise and experience to fulfill this role.

Due to the Company’s size, limited operational scale, and early-stage development status, the Board of Directors had not established separate standing nominating or compensation committees. Instead, the full Board performed the functions typically associated with such committees, including oversight of executive compensation, director nominations, and corporate governance matters.

The Board believed that this structure was appropriate at that stage of the Company’s development and allowed for efficient decision-making and oversight.

Subsequent Governance Developments

Subsequent to the fiscal year end, the Company further enhanced its governance structure.

In February 2026, the Company appointed additional two U.S.-based independent directors and reconstituted its Audit Committee. As part of this process, certain prior independent directors ceased serving on the Board and its committees.

Mr. Ross Miller was appointed as the Chair of the Audit Committee and designated as an audit committee financial expert in accordance with SEC requirements.

These changes were part of the Company’s broader governance enhancement initiative to strengthen regulatory compliance and support its transition to an acquisition-focused operational model.

Hedging Policies

The Company has not adopted any practices or policies regarding the ability of employees, officers, or directors to purchase financial instruments or otherwise engage in transactions designed to hedge or offset any decrease in the market value of the Company’s equity securities, as described under Item 407(i) of Regulation S-K.

Legal Proceedings

To the knowledge of our management, there are no material proceedings to which any of our directors, officers or affiliates are a party adverse to our Company.

Code of Ethics

We intend at some point to adopt a code of ethics that applies to our officers, directors and employees. We will file copies of our code of ethics in a current report on Form 8-K. You will be able to review these documents by accessing our public filings at the SEC's website at www.sec.gov. In addition, a copy of the code of ethics will be provided without charge upon request to us. We intend to disclose any amendments to or waivers of certain provisions of our code of ethics in a current report on Form 8-K.

-2421-

ITEM 11. EXECUTIVE COMPENSATION

There are currently no ~~current~~formal employment agreements ~~between~~ usbetween the Company and ~~our~~its directors and executive officers. WeHistorically, ~~have~~the ~~never~~Company ~~paid~~has ~~any~~not maintained a structured executive compensation program toand ~~any~~has ofnot ~~our~~paid regular salaries to its executive officers or directors. ~~Our~~During ~~current~~the fiscal year ended December 31, 2025, limited compensation was provided on a discretionary basis to certain officers for administrative and operational support services. Such amounts were not material and were intended solely to support the Company’s basic operations and regulatory compliance. Certain officers have agreed to ~~work~~continue supporting the Company with minimal or no remuneration until such time as wethe ~~receive~~Company generates sufficient revenues to ~~necessary~~implement toa ~~provide~~formal ~~management~~compensation ~~salaries~~structure. At this time, wethe ~~cannot~~Company ~~accurately~~has ~~estimate~~not ~~when~~established ~~sufficient~~any ~~revenues~~formal ~~will~~cash ~~occur~~compensation ~~that~~plans, ~~will~~bonus arrangements, ~~allow~~equity ~~us to begin paying this~~ compensation programs, or ~~what~~ ~~the~~employment ~~amount~~agreements offor ~~the~~its ~~compensation~~executive ~~will~~officers beor directors. The Company ~~currently~~does ~~has~~not nocurrently provide any annuity, pension, or retirement benefits ~~proposed~~ to beits ~~paid to our~~ officers, directors, or employees.

Governance Update

In February 2026, the Company further enhanced its governance structure through the appointment of additional independent directors and the reconstitution of its Audit Committee, including the designation of a new audit committee financial expert. These actions are consistent with the Company’s ongoing efforts to strengthen corporate governance and regulatory compliance.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information regarding the beneficial ownership of our common stock as of the date of this Annual Report by (i) each stockholder known by us to be the beneficial owner of more than 5% of our common stock, (ii) by each director and executive officer of our company and (iii) by all executive officers and directors of our company as a group. Each of the persons named in the table has sole voting and investment power with respect to common stock beneficially owned.

Name and Address	Number of Shares Owned		Percentage of Shares Owned(1)
5% Stockholders
Hass Group, Inc.(2)		42,753,504		62.04	%
Hass Group, Inc.(1)		42,735,504		62.01	%
Super Dragon Shipping & Trading Limited		4,328,496		6.28	%
Super Dragon Shipping & Trading Limited/Wong Chiu Kin(2)		6,770,670		9.82	%
Future Era Tech Ltd.		5,000,000		7.26	%
Directors and Officers:
Zenox Enterprises Inc.(3)		1,809,665		2.62	%
Zenox Enterprises Inc.and Chao Long Huang(3)		1,881,397		2.73	%
Shijian Zheng(4)		1,097,933		1.59	%
Chao Long Huang		71,732		0.10	%
Royal Stanley Consulting (Canada) Inc.(5)		1,034,174		1.50	%
You Yang Cheng(7)		30,000		0.04	%
Jianhua James Shu(6)		30,000		0.04	%
Weiwei(Ricky) Jiang(9)		30,000		0.04	%
Directors and Officers as a Group		4,043,504		5.87	%
Jianhua James Shu(8)		30,000		0.04	%
Xuezhi (George)Ma(6)		50,000		0.07	%
Directors and Officers as a Group		4,153,504		6.00	%

~~(1)~~ Applicable percentage ownership is based on 68,911,657 shares outstanding on December 31, ~~2024~~2025. There are no options, warrants, rights, conversion privilege or similar right to acquire the common stock of the Company outstanding as of December 31, ~~2024~~2025.

(21) Juli Enterprises Inc., a company organized under the laws of British Virgin Islands, owns 100% of the shares of the Hass Group, Inc. Shuhua Liu, a citizen of people’s Republic of China is the owner and serves as the sole director of Juli Enterprises Inc. As such, both Juli Enterprises Inc. and Shuhua Liu may be deemed to be the beneficial owners of all shares of common stock held by the Hass Group, Inc.

(32) ~~The~~Wong ~~Chief~~Chiu ~~Executive~~Kin ~~Officer,~~beneficially ~~Chao Long(Charlene) Huang,~~ owns 16,~~809~~770,~~665~~670 shares of the Company’s common stock, inof ~~the~~which 4,328,496 shares are held through Super Dragon Shipping & Trading Limited, a company ~~under~~controlled ~~her~~by ~~name~~him,~~Zenox~~ ~~Enterprises~~and ~~Inc~~2,442,174 shares are held in his personal name.

(3)

The Chief Executive Officer, Chao Long (Charlene) Huang, owns 71,732 shares and 1,809,665 shares of common stock in the company under her name Zenox Enterprises Inc,

(4)

The Chief Executive Officer, Chao Long(Charlene) Huang, shares a joint ownership interest in the brokerage account with her spouse, Shijian Zheng including 1,097,933 shares of common stock.

(5)

The Secretary, Xian Nan (Delia)Zheng, owns 1,034,174 shares of common stock in the company under her name, Royal Stanely Consulting (Canada) Inc.

(6) ~~The~~Independent ~~Chief~~Director, ~~Financial~~Jianhua ~~Officer,~~James ~~Xuezhi(George)Ma~~Shu, owns 5030,000 shares of common stock.

~~(7) Independent Director, You yang Cheng, owns 30,000 shares of common stock.~~-22-

(8) Independent Director, Jianhua James Shu, owns 30,000 shares of common stock.

(9) Independent Director, Weiwei (Ricky) Jiang, owns 30,000 shares of common stock.

-25-

Name and Address	Number of Shares Owned		Percentage of Shares Owned(1)
(iii)5% Stockholders
Hass Group, Inc. (2)		42,753,504		62.04	%
Super Dragon Shipping & Trading Limited		4,328,496		6.28	%
Future Era Tech Ltd.		5,000,000		7.26	%
Directors and Officers:
Directors and Officers as a Group		4,153,504		6.00	%

(1) Applicable percentage ownership is based on 68,911,657 shares outstanding on December 31, 2024. There are no options, warrants, rights, conversion privilege or similar right to acquire the common stock of the Company outstanding as of December 31, 2024.

(2) Juli Enterprises Inc., a company organized under the laws of British Virgin Islands, owns 100% of the shares of the Hass Group, Inc. Shuhua Liu, a citizen of people's Republic of China is the owner and serves as the sole director of Juli Enterprises Inc. As such, both Juli Enterprises Inc. and Shuhua Liu may be deemed to be the beneficial owners of all shares of common stock held by the Hass Group, Inc.

On June 15, 2020, the Company entered into loan agreements with Shuhua Liu and Chiu Kin Wong for an aggregate loan of $400,000 with no interest. Shuhua Liu agreed to lend $280,000 to the Company and Chiu Kin Wong agreed to lend $120,000, both for the Company's working capital in connection with going public, merger and acquisition. The Company agrees to repay the loan balance after its first financing activity. Shuhua Liu is the Chief Executive Officer and Director of the Company. Chiu Kin Wong is a shareholder of the Company. The amount of principal outstanding on the loan as of November 13, 2020 is $400,000. No principal or interest was paid by the Company during the fiscal year ended September 30, 2021. During the period ended September 30, 2021, the company borrowed $179,000 from its shareholders to pay certain expenses. ~~Starting from October 2022, the company started to raise a modest amount of money, which ensured the normal operation of the company. By September 30, 2024, $400,000 was successfully financed.~~

Starting in October 2022, the Company began raising modest amounts of capital to support its ongoing operations. For the year ended September 30, 2024, approximately $400,000 was raised. During the three-month period ended December 31, 2024 and the year ended December 31, 2025, approximately $450,000 and $ 778,056 were raised, respectively.

Advances From related parties

Our Board of Directors are responsible to approve all related parties ’ transactions. We have not adopted written policies and procedures specifically for related person transactions.

-23-

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table presents the fees for professional audit services for the audit of our annual financial statements for the fiscal period ended December 31, 2024 and year ended September 30, 2024 and September 30, 2023 and fees billed for other services during those periods.

Audit fees to Assentsure for the annual audit of our financial statements and the periodic reviews of the financial statements were as follows:.

	December 31, 2024		September 30, 2024		September 30, 2023
	December 31, 2025		December 31, 2024		September 30, 2024
Audit fees (1)	$	1021,000	$	2110,~~778~~000	$	1821,~~500~~778
Audit-related fees		-		~~15,000~~		-15,000
Total Fees	$	1021,000	$	3610,~~778~~000	$	1836,~~500~~778

(1) Audit fees consist of audit and review services, consent and review of documents filed with the SEC. For fiscal ~~period/years~~year ended December 31, ~~2024,~~2025 ~~September~~and 303 months period ended December 31, 2024, and 12 months ended September 30, ~~2023,~~ 2024, respectively.

-26-

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULE

(a)

The following documents are filed as part of this Report:

(1)

Financial Statements

(2)

Exhibits

We hereby file as part of this Report the exhibits listed in the attached Exhibit Index. Exhibits which are incorporated herein by reference can be retrieved from SEC website at www.sec.gov.

ITEM 16. FORM 10-K SUMMARY

Not applicable.

EXHIBIT INDEX

Exhibit No.		Description
3.1		Amended and Restated Articles of Incorporation, incorporated by reference to Exhibit 3 to Form DEF 14C, filed with the Commission on June 18, 2019.
3.2		Bylaws, incorporated herein by reference to Exhibit 3.2 to Form S-1, filed with the Commission on October 1, 2014
31.1		Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
31.1*		Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
31.2		Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
31.2*		Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
32.1		Certification of the Chief Executive Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. 1350
32.1*		Certification of the Chief Executive Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. 1350
32.2		Certification of the Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. 1350
32.2*		Certification of the Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. 1350.
101*		XBRL Instance Document (XBRL tags are embedded within the Inline XBRL document)

* Filed herewith

-2724-

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SUMMIT NETWORKS INC.

SUMMIT NETWORKS INC.

By:	/s/Chao Long Huang
Chao Long Huang
Chief Executive Officer

By:	/s/ Xian Nan Zheng
Xian Nan Zheng
Chief Financial Officer

Date: April 24 2026

~~By:/s/Chao Long Huang~~-25-

Chao Long Huang

Chief Executive Officer

By:/s/ Xian Nan Zheng

Xian Nan Zheng

Chief Financial Officer

Date: March 28, 2025

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Filing Compare · Summit Networks Inc.