# WINLO MANAGEMENT GROUP, LLC X-17A-5 (2026-03-11) — Broker-dealer annual report - Company: WINLO MANAGEMENT GROUP, LLC - Form: X-17A-5 - Filed: 2026-03-11 - Period: 2025-12-31 - Accession: 0001703890-26-000004 - CIK: 1703890 - File #: 8-69940 - Type: Broker-dealer - Material weakness: No - Auditor: Anson, Brian W. - Auditor location: Tarzana, CA - Contact: John Randolph - Phone: 512 275 6515 - Email: john.randolph@winlogroup.com - Website: winlogroup.com - Signed by: John Randolph (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1703890/000170389026000004/winloaudit.pdf --- {0}------------------------------------------------ OMB APPROVAL UNITED STATES OMB Number: 3235-0123 SECURITIES AND EXCHANGE COMMISSION Expires: Nov. 30, 2026 Washington, D.C. 20549 Estimated average burden hours per response: 12 ANNUAL REPORTS SEC FILE NUMBER FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING 12/31/2025 FILING FOR THE PERIOD BEGINNING 01/01/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: Winlo Management Group LLC TYPE OF REGISTRANT (check all applicable boxes): @ Broker-dealer ■ Major security-based swap participant O Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 300 W. 6th St., Suite 1550 (No. and Street) Austin 78701 TX (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING John Randolph 512-275-6515 john.randolph@winlogroup.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Anson, Brian W. (Name – if individual, state last, first, and middle name) 18455 Burbank Blvd Suite 404 Tarzana CA 91356 (Address) (City) (State) (Zip Code) 9/15/2005 2370 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY · Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. CFR 240.17a-5(e)(1)(ii), if applicable. {1}------------------------------------------------ ### OATH OR AFFIRMATION | John Randolph | swear (or affirm) that, to the best of my knowledge and belief, the | | |-----------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of Winlo Management Group LLC | | as of | | 12/31 | 2 025 __ is true and correct. I further swear (or affirm) that neither the company nor any | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | as that of a customer. | | | | | | | Signature: Title CEO ### This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - □ (b) Notes to consolidated statement of financial condition. - | comprehensive income (as defined in § 210.1-02 of Regulation S-X). - = (d) Statement of cash flows. - = (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - = (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - | |} Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit 8 to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - LJ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - | (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - | (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - = (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (t) Independent public accountant's report based on an examination of the statement of financial condition. - [u] Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | |w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | {y} Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - □ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ WINLO MANAGEMENT GROUP, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 {3}------------------------------------------------ ## @ABC@DCEFGHABAGHAGD@AIFJDA@AHBKLMFNONNCKGDFGIEF@P QRSTUVUWXUYZ[\]^\_R\Y^R`VUWXUYZR`ab]cRV\]\dUWU]SeYRfghiij ## CklmlnmnmopqElmrmslrtJoroquqmov wT\xU\f^bSU^STU\yyRWg\]zb]dZS\SUWU]SR`{]\]yb\cyR]^bSbR]R`ab]cRV\]\dUWU]SeYRfghiij\ZR` |UyUWXUY}~hhSTUYUc\SU^ZS\SUWU]SZR`b]yRWUhyT\]dUZb]WUWXUYZUfbh\]^y\ZTRZYSTU zU\YSTU]U]^U^h\]^STUYUc\SU^]RSUZyRccUySbxUczYUYYU^SR\ZSTU{]\]yb\cZS\SUWU]SZ]WzRgb]bR]h STU{]\]yb\cZS\SUWU]SZgYUZU]SbYczhb]\ccW\SUYb\cYUZgUySZhSTU{]\]yb\cgRZbSbR]R`ab]cRV\]\dUWU]S eYRfghiij\ZR`|UyUWXUY}~hh\]^STUYUZfcSZR`bSZRgUY\SbR]Z\]^bSZy\ZTRZYSTUzU\YSTU] U]^U^b]yR]YWbSzbST\yyRf]Sb]dgYb]ybgcUZdU]UY\ccz\yyUgSU^b]STU]bSU^S\SUZR`WUYby\ ## LrvlvCklmlnm QTUZU{]\]yb\cZS\SUWU]SZ\YUSTUYUZgR]ZbXbcbSzR`ab]cRV\]\dUWU]SeYRfghiij[ZW\]\dUWU]SVz YUZgR]ZbXbcbSzbZSRUgYUZZ\]Rgb]bR]R]ab]cRV\]\dUWU]SeYRfghiij[Z{]\]yb\cZS\SUWU]SZX\ZU^R] Wz\f^bS\W\gfXcby\yyRf]Sb]d{YWYUdbZSUYU^bSTSTUfXcbyjRWg\]zyyRf]Sb]dxUYZbdTS\_R\Y^ ]bSU^S\SUZj\_\]^\WYUfbYU^SRXUb]^UgU]^U]SbSTYUZgUySSRab]cRV\]\dUWU]SeYRfgh iijb]\yyRY^\]yUbSTSTU^UY\cZUyfYbSbUZc\Z\]^STU\ggcby\XcUYfcUZ\]^YUdfc\SbR]ZR`STU UyfYbSbUZ\]^yT\]dUjRWWbZZbR]\]^STUj\_ wyR]^fySU^Wz\f^bSb]\yyRY^\]yUbSTSTUZS\]^\Y^ZR`STUj\_QTRZUZS\]^\Y^ZYUfbYUST\Sgc\] \]^gUYRYWSTU\f^bSSRRXS\b]YU\ZR]\XU\ZZfY\]yU\XRfSTUSTUYSTU{]\]yb\cZS\SUWU]SZ\YUUUR` W\SUYb\cWbZZS\SUWU]ShTUSTUY^fUSRUYYRYRY\f^Vz\f^bSb]ycf^U^gUYRYWb]dgYRyU^fYUZSR\ZZUZZ STUYbZZR`W\SUYb\cWbZZS\SUWU]SR`STU{]\]yb\cZS\SUWU]SZhTUSTUY^fUSRUYYRYRY\f^h\]^gUYRYWb]d gYRyU^fYUZST\SYUZgR]^SRSTRZUYbZZfyTgYRyU^fYUZb]ycf^U^U\Wb]b]dhR]\SUZSX\ZbZhUxb^U]yU YUd\Y^b]dSTU\WRf]SZ\]^^bZycRZfYUZb]STU{]\]yb\cZS\SUWU]SZVz\f^bS\cZRb]ycf^U^Ux\cf\Sb]dSTU \yyRf]Sb]dgYb]ybgcUZfZU^\]^Zbd]b{y\]SUZSbW\SUZW\^UXzW\]\dUWU]Sh\ZUx\cf\Sb]dSTURxUY\cc gYUZU]S\SbR]R`STU{]\]yb\cZS\SUWU]SZXUcbUxUST\SWz\f^bSgYRxb^UZ\YU\ZR]\XcUX\ZbZYWzRgb]bR] ## O ¡lon¢v@qknonmJ kktquqmortFmurolnm QTUb]YW\SbR]yR]S\b]U^b]yTU^fcUwhwwh\]^ww£fggcUWU]S\cw]YW\SbR]¤T\ZXUU]ZfX¥UySU^SR \f^bSgYRyU^fYUZgUYYWU^b]yR]¥f]ySbR]bSTSTU\f^bSR`STUab]cRV\]\dUWU]SeYRfghiij[Z{]\]yb\c ZS\SUWU]SZQTUfggcUWU]S\cw]YW\SbR]bZSTUYUZgR]ZbXbcbSzR`STUab]cRV\]\dUWU]SeYRfghiij[Z W\]\dUWU]SVz\f^bSgYRyU^fYUZb]ycf^U^^USUYWb]b]dTUSTUYSTUfggcUWU]S\cw]YW\SbR]YUyR]ybcUZ SRSTU{]\]yb\cZS\SUWU]SZRYSTUf]^UYczb]d\yyRf]Sb]d\]^RSTUYYUyRY^Zh\Z\ggcby\XcUh\]^gUYRYWb]d gYRyU^fYUZSRSUZSSTUyRWgcUSU]UZZ\]^\yyfY\yzR`STUb]YW\SbR]gYUZU]SU^b]STUfggcUWU]S\c ¦]YW\SbR] w]YWb]dWzRgb]bR]R]STUfggcUWU]S\cw]YW\SbR]hwUx\cf\SU^TUSTUYSTU fggcUWU]S\w]YW\SbR]h§]ycf^b]dbSZYW\]^yR]SU]SbZgYUZU]SU^b]yR]YWbSzbST~¨j©ª« ¬¨\®]WzRgb]bR]hyTU^fcUZwhwwh\]^www\YUbYczZS\SU^hb]\ccW\SUYb\cYUZgUySZhb]YUc\SbR]SRSTU {]\]yb\cZS\SUWU]SZS\U]\Z\TRU¯ Yb\]a]ZR] jUYSb{U^fXcbyyyRf]S\]S T\xUZUYxU^\Zab]cRV\]\dUWU]SeYRfghiij[Z\f^bSRYZb]yU~° Q\Y±\]\hj\cb²b\ ©UXYf\Yz~°h³ {4}------------------------------------------------ ### Statement of Financial Condition December 31, 2025 ### ASSETS | Cash | S | 12,897 | |---------------------------------------|-----|--------| | Due from affiliate | | 76,753 | | Other Assets | | 3,855 | | Total assets | S | 93,505 | | LIABILITIES AND MEMBERS' EQUITY | | | | LIA BILITIES | | | | Due to affiliate | | 286 | | Total liabilities | | 286 | | MEMBERS' EQUITY: | | | | Members' equity | | 93,219 | | Total members' equity | | 93,219 | | Total liabilities and members' equity | ಕಿತ | 93,505 | {5}------------------------------------------------ ### Statement of Income For the year ended December 31, 2025 | REVENUES: | | |---------------------|-----------| | Advisory fees | \$145,873 | | Total income | \$145,873 | | | | | EXPENSES: | | | Commissions | 104,992 | | Professional fees | 17,080 | | Regulatory expenses | 7,747 | | Rent | 1,815 | | Other expenses | 8,302 | | Total expenses | 139,936 | | NET INCOME | \$5.937 | {6}------------------------------------------------ ### Statement of Changes in Members' Equity For the year ended December 31, 2025 | | Total
Members'
Equity | | | |------------------------------------------------|-----------------------------|-----------------|--| | Beginning balance January 1, 2025 | S | 87,282 | | | Net income
Ending balance December 31, 2025 | S | 5,937
93,219 | | {7}------------------------------------------------ ### Statement of Cash Flows For the year ended December 31, 2025 ### CASH FLOWS FROM OPERATING ACTIVITIES: . . . . . . . . . . . . | Net income | S | 5,937 | |---------------------------------------------------------|-----|----------| | Adjustments to reconcile net income to net cash used in | | | | operating activities: | | | | (Increase) decrease in: | | | | | | | | Due from affiliate | | (23,109) | | Other assets | | 799 | | Increase (decrease) in: | | | | Accounts payable | | (263) | | Commissions payable | | (72,000) | | Due to affiliate | | (170) | | Total adjustments | | (94,743) | | Net cash used in operating activities | | (88,800) | | Decrease in cash | | (88,806) | | Cash-beginning of period | | 101,703 | | Cash end of period | S | 12,897 | | Supplemental disclosure of cash flow information | | | | Cash paid during the year for: | | | | Interest | ಕಿತ | | | Income taxes | S | | {8}------------------------------------------------ WINLO MANAGEMENT GROUP, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 {9}------------------------------------------------ ### - -- # !"#!\$%& -?-K(0(1/AK(-L(K(1-?M+)R/31/A1+-S4/31+T(M+K(0(1/A K(-L(K(1-?-553+R/AL-?@30/A+)B-)4-33?9@031>10A93>@931B0B9307CDE@930@@>@>@0FE89490@D87G08 A0>B08HI<9F<9@F72689@0A7C730FB>@@7C@08J9F0K;<0=726>3?<>@9A0349L0A94@M893F96>B N608>4973@NOPF08>@4<0F<90C7608>4931A0F9@9732>G08Q=NRSTHI<7E@0@30493F72047 0J>BE>404<080@EB4@7C4<0DE@930@@H680A7293>34B?934<0U80F>@4931687F0@@H472V3>104<0 =726>3?K WAA94973>BB?H4<0=NRSE@0@0XF0@@304F>694>BHI<9F<9@374>20>@E807C687L4YAB7@@H472>G0 7608>4973>BA0F9@973@I<9B02>934>93931F>694>B>A0ZE>F?H@EF<>@I<04<08478093J0@4687L4@78 6>?A9J9A03A@[;<0=726V3?\@7608>4973@F73@494E40>@931B07608>4931@012034>3A4<080U80H> @931B080678]>DB0@012034HD0F>E@04<0=NRS2>3>10@4<0DE@930@@>F49J9490@E@93193U82>4973 ^724<0=726>3?>@>I<7B0K;<0>FF7E3493167B9F90@E@0A4720>\_E804<0687L4>3AB7@@7C4<0 @012034`04<0@>20>@4<7@0A0@F89D0A934<0@E2a>8?7C@9139LFY4>FF7E3493167B9F90@b S>3>102034<>@80J90I0A4<080@EB4@7C7608>4973@U84<060897A7C4920^72R0F02D08cdH efegH4<87E18?diHefejH4<0A>404<0L3V3F9>B@4>402034@I080>J>9B>DB047D09@@E0AH37 74<080J034@7FFE880A4<>4I7EBA80ZE980>AkE@42034@474<0>27E34@8067840A934<0>FF726Y?931 L3>3F9>B@4>402034@378<>J0Y?@ED@0ZE0340J034@7FFE880AH4<03>4E807CI<9F@7I0A474<0F726Y?^72V3>OPB9>40>3AmeijI>@7I0A 47>3>pB9>40K ieq7C4<080J03E0FV20^724<800FB9034@K {11}------------------------------------------------ ## WINLO MANAGEMENT GROUP NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 12.31.2025 FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritized the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820 are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level I inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access. Level 2 inputs are inputs (other than quoted prices included within Level 1) that are observable for the asset or liability, either directly or indirectly. Level 3 are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data.) At December 31, 2025, there were no levels to measure. ### Note 4 - Net Capital Requirement The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Net capital and aggregate indebtedness change day to day, but on December 31, 2025 the Company had net capital of \$12.611, which was \$7.611 in excess of its required net capital of \$5.000 (net capital is the greater of 6 2/3% of aggregated indebtedness and \$5,000 for the Company); and the Company's ratio of aggregate indebtedness of \$286 to net capital was 0.02-to-1, which is less than the 15-to-l maximum ratio allowed for a broker dealer. ### Note 5 - Commitments and Contingencies The Company has reviewed ASC 842 Lease Accounting and does not believe it is applicable to the Company because the Company leases an office suite on a month to month basis with no contract. The Company was not subject to any litigation during or at year ended December 31, 2025. {12}------------------------------------------------ ### Statement of Net Capital Schedule I For the year ended December 31, 2025 | | | | Foous 12/31/25 - Audit 12/31/25 | | Change | |--------------------------------------------------|---|--------|---------------------------------|---|--------| | Members' equity, December 31, 2025 | S | 93,219 | S
93,219 | S | | | Subtract - Non allowable assets: | | | | | | | Dre from affiliate | | 76,753 | 76,753 | | | | Other assets | | 3,855 | 3,855 | | | | Tentative net capital | | 12611 | 12611 | | | | Haironts | | 0 | 0 | | | | NET CAPITAL | | 12611 | 12,611 | | | | Minimum net capital | | 5,000 | 5,000 | | | | Excess net capital | S | 7,611 | S
7,611 | | | | Aggregate indebentress | | 286 | 286 | | | | Ratio of aggregate in tehteriness to net capital | | 0.00% | 0.00% | | | There were no revordal differences between the audit and foors at December 31, 2025. , {13}------------------------------------------------ Schedule II Determination of Reserve Requirements Under Rule 15c3-3(e) of the Securities and Exchange Commission December 31, 2025 The Company has no reserve deposit obligations under SEC 15c3-3(e) because it is a "noncovered" firm pursuant to Footnote 74 to SEC Release 34-70073 and therefore is not subject to the Rule. > Schedule III Information Relating to Possession or Control Requirements Under Rule 15c3-3(b) December 31, 2025 The Company has no possession or control obligations under SEC 15c3-3(b) because it is a "non-covered" firm pursuant to Footnote 74 to SEC Release 34-70073 and therefore is not subject to the Rule. {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) ### Winlo Management Group, LLC Exemption Report We, as members of the management of Winlo Management Group, LLC (the "Company") are responsible for compliance with the annual reporting requirements under Rule 17a-5 of the Securities Exchange Act of 1934. Those requirements compel a broker or dealer to file annual reports with the SEC and the broker's or dealer's designated examining authority. One of the reports to be included in the annual filing is an exemption report prepared by an independent registered public accounting form, based upon a review of assertions provided by the broker or dealer. Pursuant to that requirement, the management of the Company hereby makes the following assertions. The Company is a "non-covered" firm pursuant to Footnote 74 to SEC Release 34-70073 and is therefore not subject to SEA Rule 15c3-3 for the most recent year ended December 31, 2025. The Company represents that it has not held customer funds or securities, did not carry accounts of or for customers and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3. The Company limits its business activities to merger and acquisition advisory and private placement services. The Company has maintained compliance with the above throughout the year ended December 31, 2025, without exception. Winlo Management Group, LLC February 18, 2026 300 WEST 6TH ST. STE. 1550 AUSTIN, TX 78701 SECURITIES OFFERED THROUGH WINLO MANAGEMENT GROUP. LLC MEMBER FINRA/SIPC {15}------------------------------------------------ BRIAN W. ANSON Certified Public Accountant 18455 Burbank Blvd., Suite 406, Tarzana, CA 91356 · Tel. (818) 636-5660 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Members Winlo Management Group, LLC Austin, Texas I have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report in which Winlo Management Group, LLC, stated that Winlo Management Group, LLC 's, business activities are limited to merger and acquisitions advisory and private placement services, and that it has not held customer funds or securities, did not carry accounts of or for customers, and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3, and that Winlo Management Group, LLC is classified as "non-covered" pursuant to footnote 74 to SEC Release 34-70073, dated July 30, 2013, and as discussed in Q & A 8 of the related FAQ issued by SEC state on July 1, 2020. Winlo Management Group, LLC also stated that it had maintained compliance with the above declaration throughout the most recent year ended December 31, 2025, without exception. Winlo Management Group, LLC's management, is responsible for compliance and is not subject to the provisions set forth in Rule 15c3-3 under the Securities and Exchange Act of 1934 and its statements. My review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about Winlo Management Group, LLC 's declaration concerning the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, I do not express such an opinion. Based on my review, I am not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 to SEC Release 34-70073. Arian W. Anson Certified Public Accountant Tarzana, California February 18, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.