AIRWA INC.

Disclosure Controls and Procedures

The Company has adopted and maintains disclosure controls and procedures that are designed to provide reasonable assurance that information required to be disclosed in the reports filed under the Exchange Act, such as this Form 10-Q, is collected, recorded, processed, summarized, and reported within the time periods specified in the rules of the SEC. The Company’s disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to management to allow timely decisions regarding required disclosure. Because of the inherent limitations of the effectiveness of any system of disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that all control issues and instances of fraud, if any, with a company have been prevented or detected on a timely basis. Even disclosure controls and procedures determined to be effective can only provide reasonable assurance that their objectives are achieved. As required under Exchange Act 13a-15, the Company’s management, including the Chief Executive Officer and Chief Financial Officer, has conducted an evaluation of the effectiveness of disclosure controls and procedures as of the end of the period covered by this report.

Based on this evaluation, the Company’s principal executive and principal financial officers concluded that the disclosure controls and procedures were not effective as of the end of the period covered by this report to provide reasonable assurance that information required to be disclosed in reports the Company files or submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and is accumulated and communicated to the Company’s management, including the chief executive and chief financial officer, as appropriate to allow timely decisions regarding required disclosure. The Company’s principal executive and principal financial officers believe that the Company would benefit from finance personnel with extensive experience and expertise in U.S. public company accounting and internal control over financial reporting.

Changes in Internal Control Over Financial Reporting

Apart from appointing distinct individuals to the Chief Executive and Chief Financial Officer positions, which addressed a material weakness in the Company’s internal control over financial reporting under prior management, there have been no substantial changes in internal control over financial reporting following the Acquisition.