Exhibit 99.21

Entity 20

ULI (NORTH & EAST CHINA) COMPANY LIMITED

(Incorporated in Hong Kong with limited liability)

Report and Condensed Financial Statements

For the ten months ended 31 October 2022

ULI (NORTH & EAST CHINA) COMPANY LIMITED

REPORTS AND CONDENSED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

INDEPENDENT REVIEW REPORT

TO THE BOARD OF DIRECTORS OF

ULI (NORTH & EAST CHINA) COMPANY LIMITED

(Incorporated in Hong Kong with limited liability)

Introduction

We have reviewed the interim financial information set out on pages 3 to 12 which comprises the condensed consolidated statement of financial position of the Company and its subsidiary as at 31 October 2022 and the related condensed consolidated statement of profit or loss and other comprehensive income, condensed consolidated statement of changes in equity and condensed consolidated statement of cash flows for the ten-month period then ended, and a summary of significant accounting policies and other explanatory notes. The preparation of a report on interim financial information to be in compliance with the relevant provisions thereof, International Accounting Standard 34 “Interim Financial Reporting” (“IAS 34”) and Hong Kong Accounting Standard 34 “Interim Financial Reporting” (“HKAS 34”) issued by the International Accounting Standards Board (“IASB”) and Hong Kong Institute of Certified Public Accountants (the “HKICPA”) respectively. The directors are responsible for the preparation and presentation of this interim financial information in accordance with IAS/HKAS 34. Our responsibility is to express a conclusion on this interim financial information based on our review and to report our conclusion solely to you, as a body, in accordance with our agreed terms of engagement, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

Scope of Review

We conducted our review in accordance with Hong Kong Standard on Review Engagements 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the HKICPA. A review of interim financial information consists of making inquires, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Hong Kong Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

INDEPENDENT REVIEW REPORT

TO THE BOARD OF DIRECTORS OF

ULI (NORTH & EAST CHINA) COMPANY LIMITED

(Incorporated in Hong Kong with limited liability)

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the interim financial information is not prepared, in all material respects, in accordance with IAS/HKAS 34.

ULI (NORTH & EAST CHINA) COMPANY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND

OTHER COMPREHENSIVE INCOME

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

ULI (NORTH & EAST CHINA) COMPANY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AT 31 OCTOBER 2022

(Expressed in United States dollars)

Approved by the Board of Directors on 10 February 2023 and are signed on its behalf by:

ULI (NORTH & EAST CHINA) COMPANY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

ULI (NORTH & EAST CHINA) COMPANY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

These condensed consolidated financial statements have been prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” and Hong Kong Accounting Standard 34 “Interim Financial Reporting” issued by the International Accounting Standards Board (“IASB”) and the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) respectively.

These condensed consolidated financial statements should be read in conjunction with the 2021 annual financial statements. The accounting policies (including the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty) and methods of computation used in the preparation of these condensed consolidated financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2021.

The accounting policies applied in these consolidated financial statements are the same as those applied in the Group’s consolidated financial statements as at and for the year ended 31 December 2021. In the current period, the Group has adopted all the new and revised International Financial Reporting Standards and Hong Kong Financial Reporting Standards issued by IASB and the HKICPA respectively that are relevant to its operations and effective for its accounting year beginning on 1 January 2022 but they do not have a material effect on the Group’s consolidated financial statements.

A number of new standards and amendments to standards are effective for annual periods beginning after 1 January 2022 and earlier application is permitted. The Group has not early adopted any of the forthcoming new or amended standards in preparing these condensed consolidated interim financial statements.

The principal activities of the Company are investment holding and the provision of air and ocean freight forwarding services in the People’s Republic of China (the “PRC”). The subsidiary is principally engaged in the provision of air and ocean freight forwarding services in the PRC.

Revenue represents gross invoiced freight income and recognised at a point in time for the period.

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

Profit before taxation is arrived at after charging:

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

No provision for Hong Kong Profits Tax is required since the Company’s income is derived from overseas sources which is not liable to Hong Kong Profit Tax.

Taxation for the PRC subsidiary is charged at the appropriate current rates of taxation ruling in the relevant tax jurisdictions (2021: USDNil).

During the ten months ended 31 October 2022, the Group acquired property and equipment of USD62,417 (2021: USD Nil).

During the ten months ended 31 October 2022, the Group entered into a new lease agreement for use of properties for one year. On lease commencement, the Group recognised USD92,474 of right-of-use assets and lease liabilities.

All trade receivables are expected to be recovered within one year.

Trade receivables represented by:

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

The balances with related parties are in nature of current accounts, unsecured, interest-free and have no fixed terms of repayment.

Trade payables are expected to be settled within one year.

Trade payables represented by:

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

(a) Share capital

(b) Dividends

The directors have declared the following dividends during the period:

ULI (NORTH & EAST CHINA) COMPANY LIMITED

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

During the period, the Group entered into the following material related party transactions:

Balances with related parties are disclosed in the condensed consolidated statement of financial position and in notes 10, 11 and 12 to the condensed consolidated financial statements.

ULI (NORTH & EAST CHINA) COMPANY LIMITED

DETAILED INCOME STATEMENT - THE COMPANY

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

(For Management Information Only)

The interim consolidated financial statements were approved and authorised for issue by the Board of Directors on 10 February 2023.

ULI (NORTH & EAST CHINA) COMPANY LIMITED

OVERHEAD EXPENSES - THE COMPANY

FOR THE TEN MONTHS ENDED 31 OCTOBER 2022

(Expressed in United States dollars)

(For Management Information Only)

		Ten months ended 31 October
		2022				2021
		USD				USD
		(unaudited)				(unaudited)
ADMINISTRATIVE EXPENSES
Staff
Directors’ remuneration			1,669,052				2,874,372
Retirement scheme contributions			17,924				20,020
Staff costs			326,620				570,229
			2,013,596				3,464,621
Premises
Rent			87,131				88,221
			2,100,727				3,552,842
OTHER OPERATING EXPENSES
Bad debts			-				171
Bank charges			15,157				12,241
Commission expenses			294,305				510,393
Computer expenses			22,328				25,940
Depreciation of property and equipment			-				50
Entertainment			29,280				39,205
Insurance			5,042				-
Management fee			40,283				40,283
Motor vehicles expenses			16,493				19,065
Office expenses			5,384				3,811
Other expenses			2,603				6,751
Postage and courier			24				303
Telephone			14,953				14,577
Travelling			593				6,893
			446,445				679,683