HAOXI HEALTH TECHNOLOGY LIMITED INDEX TO CONSOLIDATED FINANCIAL STATEMENTS CONTENTS PAGE(S) CONSOLIDATED FINANCIAL STATEMENTS CONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND JUNE 30, 2024 F-2

HAOXI HEALTH TECHNOLOGY LIMITED

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

HAOXI HEALTH TECHNOLOGY LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

The accompanying notes are an integral part of

these condensed unaudited consolidated financial statements.

HAOXI HEALTH TECHNOLOGY LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME (LOSS)

Retrospectively restated for effect of reverse share split on January 10, 2025 (see Note 12 and Note 16).

The accompanying notes are an integral part of

these unaudited condensed consolidated financial statements.

HAOXI HEALTH TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS

The accompanying notes are an integral part of

these consolidated financial statements.

HAOXI HEALTH TECHNOLOGY LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES

IN ACCUMULATED EQUITY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND BUSINESS DESCRIPTION

Haoxi Health Technology Limited ("Haoxi")

is a company incorporated under the laws of the Cayman on August 5, 2022. It is a holding company with no business operation.

On August 30, 2022, Haoxi formed its wholly owned

subsidiary, Haoxi Information Limited ("Haoxi HK"), in Hong Kong. On October 13, 2022, Haoxi HK formed its wholly owned subsidiary,

Beijing Haoxi Health Technology Co., Limited ("WFOE"), in the People's Republic of China (the "PRC").

Beijing Haoxi Digital Technology Co., Ltd. ("Haoxi

BJ") is a limited liability company incorporated on September 26, 2018, under the laws of China.

On November 25, 2022, WFOE acquired 100% equity

interest of Haoxi BJ, as a result, Haoxi BJ became a wholly-owned subsidiary of WFOE.

As described below, Haoxi, through a restructuring

which is accounted for as a reorganization of entities under common control (the "Reorganization"), became the ultimate parent

entity of its subsidiary, Haoxi BJ. Accordingly, Haoxi consolidates Haoxi BJ's operations, assets, and liabilities. Haoxi and its

subsidiaries, are collectively hereinafter referred as the "Company."

Haoxi together with its wholly owned subsidiaries,

Haoxi HK, WFOE, and Haoxi BJ, were effectively controlled by the same shareholders before and after the Reorganization and, therefore,

the Reorganization is considered one for entities under common control. The consolidation of the Company has been accounted for at historical

cost and prepared on the basis as if the Reorganization had become effective as of the beginning of the first period presented in the

consolidated financial statements.

The Company's current corporate structure is as follows:

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING

(a) Basis of presentation

The accompanying anaudited consolidated financial statements ("CFS")

were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and

have been consistently applied for information pursuant to the rules and regulations of the Securities Exchange Commission (the "SEC").The

accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally

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

Commission (the "SEC"). The accompanying unaudited condensed consolidated financial statements include the financial statements

of the Company and its subsidiaries. All intercompany balances and transactions are eliminated upon consolidation. Accordingly, certain

information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been

omitted pursuant to the afore-mentioned SEC rules and regulations. These unaudited condensed consolidated financial statements should

be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal years ended 2024 and 2023.

Operating results for the six-month period ended December 31, 2024 are not necessarily indicative of the results that may be expected

for the year ending June 30, 2025.

(b) Principles of consolidation

The CFS include the financial statements of the

Company, its subsidiaries for which the Company exercises control and, when applicable, entities in which the Company has a controlling

financial interest or the ultimate primary beneficiary.

All transactions and balances between the Company

and its subsidiaries were eliminated in the consolidation.

(c) Use of estimates

In preparing the CFS in conformity with U.S. GAAP, management makes

estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities

at the dates of the CFS, as well as the reported amounts of revenue and expenses during the reporting periods. Significant items subject

to such estimates and assumptions include, but are not limited to, the assessment of the allowance for expected credit loss, useful lives

of property and equipment and intangible assets, ,impairment of long-lived assets, realization of deferred tax assets. Actual results

could differ from those estimates.

(d) Cash and cash equivalents

Cash includes cash on hand and demand deposits

placed with banks or other financial institutions, which are unrestricted as to withdrawal or use in accounts maintained with commercial

banks. The Company maintains bank accounts in mainland China. Cash balances in bank accounts in mainland China are not insured by the

Federal Deposit Insurance Corporation or other programs.

(e) Trade receivable, net

Trade receivables are presented net of allowance for expected credit

loss. The Company reduces trade receivable by recording an allowance for expected credit loss to account for the estimated impact of collection

issues resulting from a client's inability or unwillingness to pay valid obligations to the Company. The Company determines the

adequacy of allowance for expected credit loss based on individual account analysis, historical collection trend, and best estimate of

specific losses on individual exposures. The Company establishes a provision for doubtful receivable when there is objective evidence

that the Company may not be able to collect amounts due. Actual amounts received may differ from management's estimate of credit

worthiness and the economic environment.

(f) Advances to suppliers, net

Advances to suppliers represents balances paid

to suppliers for services that have not been provided or received. The Company reviews its advances to suppliers periodically and makes

general and specific allowances when there is doubt as to the ability of a supplier to provide supplies to the Company or refund an advance.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING

(g) Property and equipment, net

Property and equipment are carried at cost and

are depreciated on the straight-line basis over the estimated useful lives of the underlying assets. The cost of repairs and maintenance

is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated

depreciation and amortization are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition.

The Company examines the possibility of decreases in the value of its property and equipment when events or changes in circumstances reflect

the fact that their recorded value may not be recoverable.

Estimated useful lives are as follows, taking

into account the assets' estimated residual value: