Exhibit 99.1 * The share amounts are presented on a retroactive basis. HONGLI GROUP INC. CONDENSED CONSOLIDATED BALANCE SHEETS | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------|-------|-------------|----------------| | Current assets: | | | | | Cash and cash equivalent | $ | 678,770 | $ 2,085,033 | | Restricted cash | | 187,976 | 29,006 | | Short-term investment | | 262,022 | - | | Accounts receivable | | 6, ...