secwatch.observer — SEC 8-K summary
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Issuer:     FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW)
CIK:        0001492617
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001493152-22-035155
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flywheel Advanced Technology incorporates Blue Print Global, BVI subsidiary for warehouse patrol robots
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- Company holds 70% of Blue Print; remaining 30% held by two unrelated individuals.
- Blue Print appointed Yiu Chung Ho as sole director; he has mechanical engineering and robotics background.
- Blue Print entered 5-year agency agreement with ISCA for distribution of patrol robots in China.
- ISCA receives 10% commission on direct orders; minority shareholder Sau Ping Leung is married to ISCA partner.
- Company will provide interest-bearing shareholder loans to Blue Print if needed, at HKIBOR + 3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492617/000149315222035155/0001493152-22-035155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492617/000149315222035155/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035155

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