Exhibit 99.1

WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Expressed in U.S. Dollars, except for the number of shares)

	As of March 31, 2025			As of December 31, 2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	97,701,375		$	87,927,726
Restricted cash		885,526			880,358
Accounts receivable, net		9,022,450			7,768,381
Inventories		7,382,835			8,456,295
Prepaid expenses and other current assets		7,991,037			7,779,378
TOTAL CURRENT ASSETS	$	122,983,223		$	112,812,138
NON-CURRENT ASSETS:
Property, plant and equipment, net	$	77,619,212		$	79,568,773
Intangible assets, net		45,360			47,094
Land-use rights, net		602,086			605,343
Right-of-use assets		280,070			300,664
Other non-current assets		171,580			157,076
TOTAL NON-CURRENT ASSETS	$	78,718,308		$	80,678,950
TOTAL ASSETS	$	201,701,531		$	193,491,088
LIABILITIES
CURRENT LIABILITIES:
Short-term loans	$	7,165,792		$	6,712,972
Long-term loans		12,044,042			10,506,144
Accounts payable		5,907,540			8,095,509
Notes payable		2,951,755			2,934,527
Deferred income		42,916			46,874
Accrued expenses and other payables		2,193,011			3,195,138
Taxes payable		2,591,977			3,603
Lease liabilities		89,530			87,648
TOTAL CURRENT LIABILITIES	$	32,986,563		$	31,582,415
NON-CURRENT LIABILITIES:
Long-term loans	$	6,316,940		$	4,335,336
Lease liabilities		257,249			278,282
Deferred tax liabilities		1,559,162			1,550,063
TOTAL NON-CURRENT LIABILITIES	$	8,133,351		$	6,163,681
TOTAL LIABILITIES	$	41,119,914		$	37,746,096
COMMITMENTS AND CONTINGENCIES		—			—
SHAREHOLDERS’ EQUITY
Ordinary shares (No par value; 50,330,928 and 50,023,428 shares issued and outstanding as of March 31, 2025 and December 31, 2024)	$	-		$	-
Additional paid-in capital		44,114,491			42,997,303
Statutory reserve		12,087,065			12,087,066
Accumulated other comprehensive loss		(8,407,407	)		(9,307,406	)
Retained earnings		112,787,468			109,968,029
TOTAL SHAREHOLDERS’ EQUITY	$	160,581,617		$	155,744,992
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	201,701,531		$	193,491,088

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WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Expressed in U.S. Dollars, except for the number of shares)

	For the three months ended March 31,
	2025			2024
Revenue	$	34,616,047		$	33,764,051
Cost of revenue		(23,457,422	)		(20,877,815	)
Gross profit		11,158,625			12,886,236
Operating expenses:
Selling expenses		(3,928,812	)		(4,881,269	)
General and administrative expenses		(1,677,398	)		(1,049,369	)
Research and development expenses		(968,643	)		(987,540	)
Total operating expenses		(6,574,853	)		(6,918,178	)
Other income (expenses):
Interest income		27,969			45,913
Interest expenses		(262,687	)		(274,006	)
Other income, net		120,598			4,273
Other expense, net		(965,925	)		(287,831	)
Exchange loss		(2,458	)		(2,609	)
Total other expenses		(1,082,503	)		(514,260	)
Income before income tax		3,501,269			5,453,798
Income tax expenses		(681,831	)		(827,091	)
Net income	$	2,819,438		$	4,626,707
Other comprehensive income
Foreign currency translation adjustments, net of tax		(899,999	)		2,405,889
Other comprehensive income	$	1,919,439		$	7,032,596
Earnings per share, basic and diluted	$	0.06		$	0.10
Weighted average number of shares		50,088,298			47,973,428

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WING YIP FOOD HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in U.S. Dollars, except for the number of shares)

	For the three months ended March 31,
	2025			2024
Cash flows from operating activities:
Net income	$	2,819,438		$	4,626,707
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation of property, plant and equipment		1,406,480			1,098,184
Written off property, plant and equipment		2,662,524			268,659
Amortization of intangible assets		2,023			2,247
Amortization of land use right		6,854			6,875
Amortization of right-of-use asset		22,501			42,276
Deferred income taxes		9,099			(23,423	)
Changes in operating assets and liabilities:
Accounts receivable		(1,254,069	)		(1,467,123	)
Inventories		1,073,460			1,850,067
Prepaid expenses and other current assets		(211,659	)		763,223
Other non-current assets		(14,504	)		3,541
Accounts payable		(2,187,969	)		(412,038	)
Notes payable		17,228			-
Deferred revenue		(3,958	)		(5,347	)
Taxes payable		2,588,374			(202,105	)
Lease liabilities		(19,151	)		(35,292	)
Accrued expenses and other payables		(1,002,127	)		(1,053,752	)
Net cash provided by operating activities		5,914,544			5,462,699
Cash flows from investing activity:
Purchase of intangible assets		—			(554	)
Net cash used in investing activity		—			(554	)
Cash flows from financing activities:
Proceeds from short-term loans		2,480,466			1,107,987
Proceeds from long-term loans		4,134,111			—
Repayment of short-term loans		(692,464	)		(38,256	)
Repayment of long-term loans		(2,067,055	)		(1,107,987	)
Issuance of ordinary shares, net of offering costs		1,117,188			—
Deferred offering costs		—			(283,985	)
Net cash provided by (used in) financing activities		4,972,246			(322,241	)
Effect of exchange rate changes on cash held in foreign currencies		(1,107,973	)		(1,256,529	)
Net increase in cash		9,778,817			3,883,375
Cash at beginning of the year		88,808,084			90,963,594
Cash at end of the year	$	98,586,901		$	94,846,969
Supplemental disclosures of cash flows information:
Cash paid for income taxes		—			573,435
Cash paid for interest expense		412,918			253,593
Supplemental disclosures of non-cash information:
Lease liabilities arising from obtaining right-of-use assets		—			3,031

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