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 June 30, 2025			As of December 31, 2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	109,369,559		$	87,927,726
Restricted cash		1,196,047			880,358
Accounts receivable, net		9,110,950			7,768,381
Inventories		4,487,120			8,456,295
Prepaid expenses and other current assets		4,830,631			7,779,378
TOTAL CURRENT ASSETS	$	128,994,307		$	112,812,138
NON-CURRENT ASSETS:
Property, plant and equipment, net	$	76,249,787		$	79,568,773
Intangible assets, net		43,913			47,094
Land-use rights, net		603,013			605,343
Right-of-use assets		261,061			300,664
Other non-current assets		109,263			157,076
TOTAL NON-CURRENT ASSETS	$	77,267,037		$	80,678,950
TOTAL ASSETS	$	206,261,344		$	193,491,088
LIABILITIES
CURRENT LIABILITIES:
Short-term loans	$	5,583,785		$	6,712,972
Long-term loans		13,826,847			10,506,144
Accounts payable		9,318,029			8,095,509
Notes payable		3,986,822			2,934,527
Deferred income		39,186			46,874
Accrued expenses and other payables		2,245,186			3,195,138
Taxes payable		405,503			3,603
Lease liabilities		92,078			87,648
TOTAL CURRENT LIABILITIES	$	35,497,436		$	31,582,415
NON-CURRENT LIABILITIES:
Long-term loans	$	4,386,204		$	4,335,336
Lease liabilities		237,425			278,282
Deferred tax liabilities		1,459,880			1,550,063
TOTAL NON-CURRENT LIABILITIES	$	6,083,509		$	6,163,681
TOTAL LIABILITIES	$	41,580,945		$	37,746,096
COMMITMENTS AND CONTINGENCIES (NOTE 19)		—			—
SHAREHOLDERS’ EQUITY
Ordinary shares (No par value; 50,330,928 and 50,023,428 shares issued and outstanding as of June 30, 2025 and December 31, 2024)	$	-		$	-
Additional paid-in capital		44,078,172			42,997,303
Statutory reserve		12,087,066			12,087,066
Accumulated other comprehensive loss		(6,244,578	)		(9,307,406	)
Retained earnings		114,759,739			109,968,029
TOTAL SHAREHOLDERS’ EQUITY	$	164,680,399		$	155,744,992
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	206,261,344		$	193,491,088

F-1

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 six months ended June 30,
	2025			2024
Revenue	$	70,113,334		$	68,628,167
Cost of revenue		(48,759,252	)		(44,640,292	)
Gross profit		21,354,082			23,987,875
Operating expenses:
Selling expenses		(9,018,638	)		(9,969,783	)
General and administrative expenses		(3,599,484	)		(1,835,460	)
Research and development expenses		(2,050,984	)		(1,996,454	)
Total operating expenses		(14,669,106	)		(13,801,697	)
Other income (expenses):
Interest income		49,537			96,257
Interest expenses		(541,770	)		(548,663	)
Other income, net		252,522			8,514
Other expense, net		(972,418	)		(335,465	)
Exchange Gain (loss)		1,181			(15,208	)
Total other expenses, net		(1,210,948	)		(794,565	)
Income before income tax		5,474,028			9,391,613
Income tax expenses		(682,318	)		(511,672	)
Net income	$	4,791,710		$	8,879,941
Other comprehensive income
Foreign currency translation adjustments, net of tax		(3,062,828	)		3,357,183
Comprehensive income	$	1,728,882		$	12,237,124
Earnings per share, basic and diluted	$	0.10		$	0.19
Weighted average number of shares		50,164,962			47,973,428

F-2

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 six months ended June 30,
	2025			2024
Cash flows from operating activities:
Net income	$	4,791,710		$	8,879,941
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation of property, plant and equipment		2,959,616			2,041,130
Written off property, plant and equipment		942,224			267,673
Allowance for credit losses		-			3,682
Amortization of intangible assets		4,024			4,499
Amortization of land use right		13,628			13,699
Amortization of right-of-use asset		44,742			1,554
Deferred income taxes		(90,183	)		(34,243	)
Changes in operating assets and liabilities:
Accounts receivable		(1,342,569	)		(1,050,172	)
Inventories		3,969,175			2,216,516
Prepaid expenses and other current assets		2,948,747			45,132
Other non-current assets		47,813			6,444
Accounts payable		1,222,520			6,173,326
Notes payable		1,052,295			-
Deferred revenue		(7,688	)		(9,961	)
Taxes payable		401,900			(549,033	)
Lease liabilities		(36,427	)		(46,482	)
Accrued expenses and other payables		(949,952	)		(1,052,254	)
Net cash provided by operating activities		15,971,575			16,911,451
Cash flows from investing activities:
Purchase of property, plant and equipment		-			(11,581	)
Purchase of intangible assets		-			(550	)
Net cash used in investing activities		-			(12,131	)
Cash flows from financing activities:
Proceeds from short-term loans		2,512,703			1,788,860
Proceeds from long-term loans		4,187,839			380,096
Repayment of short-term loans		(3,769,055	)		(1,926,464	)
Repayment of long-term loans		(1,078,368	)		(1,077,623	)
Deferred offering costs		-			(417,826	)
Issuance of ordinary shares, net of offering costs		1,080,868			-
Net cash (used in) provided by financing activities		2,933,987			(1,252,957	)
Effect of exchange rate changes on cash held in foreign currencies		2,851,960			(2,121,674	)
Net increase in cash		21,757,522			13,524,689
Cash at beginning of the year		88,808,084			90,963,594
Cash at end of the year	$	110,565,606		$	104,488,283
Supplemental disclosures of cash flows information:
Cash paid for income taxes		677,899			3,590,131
Cash paid for interest expense		532,852			507,699

F-3