FORTRESS COVE LIMITED INDEX OF FINANCIAL STATEMENTS Financial Statements Report of Independent Registered Public Accounting Firm F-2 Consolidated Balance Sheet as of

OF FINANCIAL STATEMENTS

OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholders of

on the Financial Statement

have audited the accompanying consolidated balance sheet of Fortress Cove Limited and its subsidiary (the Company') as of

December 31, 2023, and the related consolidated statement of operations and comprehensive income, stockholders' equity (deficit),

and cash flows for the period from November 2, 2023 (Inception) through December 31, 2023, and the related notes (collectively referred

to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the

financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the period from November

2, 2023 (Inception) through December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Doubt about the Company's Ability to Continue as a Going Concern

accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed

in Note 2, the Company incurred a net loss of $19,788 and suffered from a working capital deficit of $19,311 as of December 31, 2023.

Management's evaluation of the events and conditions that gives rise to the substantial doubt that exists about the Company's

ability to continue as a going concern and management's plans to mitigate this matter are also described in Note 2.

financial statements do not include any adjustments that that may be necessary to reflect the effects on the recoverability and classification

of assets and additional liabilities that may arise if the Company is not able to continue as a going concern. Our opinion is not modified

with respect to this matter.

financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's

financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board

(United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal

securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain

reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company

is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit,

we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion

on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit

included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud,

and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts

and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates

made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a

reasonable basis for our opinion.

have served as the Company's auditor since 2024.

Giving retroactive effect of reorganization under common control on April 17, 2024.

accompanying notes are an integral part of these consolidated financial statements.

STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS

THE PERIOD FROM NOVEMBER 2, 2023 (INCEPTION) THROUGH DECEMBER 31, 2023

Giving retroactive effect of reorganization under common control on April 17, 2024.

accompanying notes are an integral part of these consolidated financial statements.

STATEMENT OF CHANGES IN SHAREHOLDERS' DEFICIT

THE PERIOD FROM NOVEMBER 2, 2023 (INCEPTION) THROUGH DECEMBER 31, 2023

Giving retroactive effect of reorganization under common control on April 17, 2024.

accompanying notes are an integral part of these consolidated financial statements.

STATEMENT OF CASH FLOWS

THE PERIOD FROM NOVEMBER 2, 2023 (INCEPTION) THROUGH DECEMBER 31, 2023

accompanying notes are an integral part of these consolidated financial statements.

to Consolidated Financial Statements

1 - Nature of business and organization

Cove Limited (the "Company", or "Fortress"), a British Virgin Islands company incorporated on November 2, 2023

which has no operation. CK Health Plus Sdn Bhd, a Malaysian company ("CKHP") incorporated on November 23, 2023 in the is

in the business of direct sales of wellness products, therapies and services.

March 19, 2024, the shareholders of Fortress and CKHP completed its reorganization of entities under common control of various shareholders,

who collectively owned 100% of the equity interests of the Company prior to the reorganization. Prior to the reorganization, Fortress

and CKHP were under common control, as the same group of shareholders held more than 50% of the voting ownership interest of each entity

and contemporaneous written evidence of agreements to vote a majority of the entities' shares in concert exists. Fortress and CKHP

are under common control and resulted in the consolidation of Fortress and CKHP which has been accounted for as a reorganization of entities

under common control at their carrying values. The financial statements are prepared on the basis as if the reorganization became effective

as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company.

2 -Summary of significant accounting policies

assessing the Company's going concern, the Company monitors and analyzes its cash on-hand and its operating and capital expenditure

commitments. The Company's liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure

obligations. As of December 31, 2023, the Company's working capital deficit was approximately $19,000, and the Company had cash

of approximately $11,000. The Company has experienced losses from operations and negative cash flows from operating activities. In addition,

the Company had, and may potentially continue to have, an ongoing need to raise additional cash from outside sources to fund its expansion

plan and related operations. Successful transition to attaining profitable operations is dependent upon achieving a level of revenues

adequate to support the Company's cost structure. In connection with the Company's assessment of going concern considerations

in accordance with Financial Accounting Standard Board's Accounting Standards Update ("ASU") 2014-15, "Disclosures

of Uncertainties about an Entity's Ability to Continue as a Going Concern," management has determined that these conditions

raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that these consolidated

financial statements are issued.

the Company is unable to generate sufficient funds to finance the working capital requirements of the Company within the normal operating

cycle of a twelve-month period from the date of these financial statements are issued, the Company may have to consider supplementing

its available sources of funds through the following sources:

other available sources of financing from financial institutions or private lender and related parties; and

Company can make no assurances that required financings will be available for the amounts needed, or on terms commercially acceptable

to the Company, if at all. If one or all of these events does not occur or subsequent capital raises are insufficient to bridge financial

and liquidity shortfall, there would likely be a material adverse effect on the Company and would materially adversely affect its ability

to continue as a going concern.

consolidated financial statements have been prepared assuming that the Company will continue as a going concern. Management

is trying to alleviate the going concern risk by securing various financing resources, including but not limited to borrowing from

the Company's shareholders and the possibility of raising funds through a future public offering by its now wholly owned

parent company, EUDA Health Holdings Limited ("EUDA") after the merger (See Note 9). EUDA has committed to providing continuing financial support to the Company and its subsidiary, enabling it to meet

its liabilities as and when required for the next twelve months. Accordingly, the

consolidated financial statements do not include any adjustments that might result from the outcome of this

accompanying consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in

the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities Exchange Commission

consolidated financial statements include the financial statements of the Company and its subsidiary. All transactions and balances among

the Company and its subsidiary have been eliminated upon consolidation.

subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power

to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast

a majority of votes at the meeting of directors.

preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that

affect the amounts of assets and liabilities reported and disclosures of contingent assets and liabilities as of the date of the consolidated

financial statements and the reported amounts of revenues and expenses during the period presented. Significant accounting estimates

reflected in the Company's consolidated financial statements include valuation of deferred tax assets, other provisions and contingencies.