{"url_path":"/sec/ncew/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 CONTROLS AND PROCEDURES**","topic":"sec","document":{"doc_type":"20-F/A","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/1968043/0001493152-26-027632-index.html","accession_number":"0001493152-26-027632","cik":"0001968043","ticker":"NCEW","issuer_name":"New Century Logistics (BVI) Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1968043/0001493152-26-027632-index.html","primary_entity_key":"0001968043","primary_entity_name":"New Century Logistics (BVI) Ltd"},"word_count":588,"has_tables":true,"body_markdown":"**ITEM\n15. CONTROLS AND PROCEDURES**\n\n \n\n**Disclosure\nControls and Procedures Evaluation**\n\n \n\nUnder\nthe supervision and with the participation of our management, including our chief executive officer and chief financial officer, we carried\nout an evaluation of the effectiveness of our disclosure controls and procedures, which is defined in Rules 13a-15(e) of the Exchange\nAct, as of September 30, 2025. Based on that evaluation, our chief executive officer and chief financial officer concluded that our disclosure\ncontrols and procedures as of September 30, 2025, were not effective  due to the material weakness associated with a lack of adequately\nskilled staff possessing U.S. GAAP knowledge for financial reporting purposes, thereby affecting the proper adherence to U.S. GAAP and\nSEC requirements.\n\n \n\nTo address the identified material weakness stemming\nfrom the audit of our consolidated financial statements for the year ended September 30, 2025, we intend to implement various measures,\nincluding the hiring of additional accounting personnel to enhance the financial reporting function and the establishment of a financial\nand system control framework. We also intend to initiate regular U.S. GAAP and SEC financial reporting training programs for our accounting\nand financial personnel. Moreover, we are in the process of developing and implementing a set of policies and procedures for period-end\nfinancial reporting. However, we cannot provide assurance that these measures will be entirely effective in remediating the material weakness\nin a timely manner or at all.\n\n \n\nBeing a company with less than US$1.235 billion\nin revenue for the fiscal year of 2022, we qualify as an “emerging growth company” under the JOBS Act. An emerging growth\ncompany is entitled to certain reduced reporting and other requirements that are typically applicable to public companies. These provisions\ninclude exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act of 2002 concerning the assessment\nof the emerging growth company’s internal control over financial reporting.\n\n \n\n**Management’s\nAnnual Report on Internal Control over Financial Reporting**\n\n \n\nOur management is responsible for establishing\nand maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act.\nOur management evaluated the effectiveness of our internal control over financial reporting, as required by Rule 13a-15(c) of the Exchange\nAct, based on criteria established in the framework in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring\nOrganizations of the Treadway Commission. Based on this evaluation, our management has concluded that our internal control over financial\nreporting was not effective as September 30, 2025 due to a material weakness identified in our internal control over financial reporting\nas described above.\n\n \n\nBecause of its inherent limitations, internal control over financial\nreporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness of our internal control\nover financial reporting to future periods are subject to the risk that controls may become inadequate because of changes in conditions,\nor that the degree of compliance with the policies and procedures may deteriorate.\n\n \n\n**Attestation\nReport of the Registered Public Accounting Firm**\n\n \n\nThis\nAnnual Report on Form 20-F/A does not include an attestation report of our registered public accounting firm because our company is neither\nan accelerated filer nor a large accelerated filer, as such terms are defined in Rule 12b-2 under the Exchange Act.\n\n \n\n**Changes\nin Internal Control over Financial Reporting**\n\n \n\nThere were no changes in our internal\ncontrols over financial reporting that occurred during the period covered by this Annual Report on Form 20-F/A that have materially affected,\nor are reasonably likely to materially affect, our internal control over financial reporting.\n\n \n\n118"}