Non Reliance of Financial Report Form 8 K

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On October 16, 2024, Fintech Scion Limited (the "Company") after discussion with the audit committee of its board of directors concluded that the Company's previously issued audited consolidated financial statements included in the Company's Form 10-K for the year ended December 31, 2023, (the "Financial Statements" and the period covered thereby the "Affected Period") initially filed with the Securities and Exchange Commission ("SEC") on April 5, 2024, as amended on May 9, 2024, May 10, 2024, May 16, 2024 and August 28, 2024, should no longer be relied on.

The Company reached such conclusions following an internal review of certain transactions and the related accounting treatment, and consultations with Pan-China Singapore PAC, the Company's independent registered public accounting firm. Based upon management's evaluation, the Company concluded the financial statements previously filed with the SEC should be restated to reflect (i) the recognition of the results of operation for the acquisition of the Company up to acquisition date, (ii) the adjustment of recognition of reverse merger recapitalization, and (iii) the recognition of the weighted average or shares arising from the reverse merger and shares issued.

As a result, the Company will restate its historical financial results for the Affected Period to reflect the foregoing changes (the "Restatement"). The Company intends to file an amendment to its Annual Report on Form 10-K/A for the year ended December 31, 2023, to reflect the Restatement as soon as practicable.

The audit committeeof the Company's board of directors has discussed the matters disclosed in this Item 4.02 with Pan-China Singapore PAC, the Company's independent registered public accounting firm.