Summit Networks discloses BCSC temporary trading suspension; CEO provides $500K bridge financing

Summit Networks Inc.

BC Securities Commission imposed temporary trading suspension due to lack of PCAOB/CPAB licensed auditor.
Company prohibited from selling shares to raise operating funds during suspension.
CEO Chao Long Huang agreed to provide bridge financing up to $500,000, approved by board Aug 11, 2025.
Company since engaged a public accounting firm meeting PCAOB and CPAB requirements.
Financing transparent with no transfer of control or equity.

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