Summit Networks voluntarily discloses CEO-Interim CFO are mother-daughter; details internal control measures

Summit Networks Inc.

CEO Charlene Huang and Interim CFO Delia Zheng are mother and daughter; both maintain separate professional backgrounds and residences.
CEO provided short-term bridge loans on standard commercial terms with no equity conversion or dilution.
Board established Audit Committee on August 25, 2025 to strengthen oversight of accounting and internal controls.
Temporary halt of senior management hiring; Delia Zheng serves as interim CFO until permanent CFO appointed.
Company completed two Web2/Web3 workflow templates by Sept 30, 2025; no change to internal control assessment.

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