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LVPAI GROUP Ltd (LVPA): material weakness open at least 2,373 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

LVPAI GROUP Ltd reported ineffective internal control over financial reporting because of a material weakness in 10 filings since Mar 3, 2021. It stated one or more material weaknesses in 15 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-K for the period ended Jan 31, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10138

Causes the company named

Segregation of duties · 25Entity-level and governance · 22Accounting expertise and resources · 21Financial close and reporting · 7

Insufficient segregation of duties, lack of independent board and audit committee, no documented control policies, and reliance on external consultant for financial reporting.

What the latest filing says

generally accepted accounting principles as a result of the following material weaknesses: ● The Company does not have sufficient segregation of duties within accounting functions due to limited human resources. ● The Company does not have an independent board of directors or an audit committee. ● The Company does not have written documentation of our internal control policies and procedures. ● All of the Company’s financial reporting is carried out by a financial consultant. 30 Table of Contents We plan to rectify these weaknesses by implementing an independent board of directors, establishing written policies and procedures for our internal control of financial reporting, and hiring additional accounting personnel at such time as we complete a reverse merger or similar business acquisition. Changes in Internal Control over Financial Reporting. There have been no change in our internal control over financial reporting during the year January 31, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. [...]

From the controls section of the 10-K filed May 18, 2026. Read the full filing on SEC EDGAR.

Company response: LVPAI GROUP Ltd can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with LVPAI GROUP Ltd or the SEC. Not investment advice. Why you can rely on the Watch List.