Overview

MS Young Adventure Enterprise, Inc., formerly known as AllyMe Holding Inc. and Rain Sound Acquisition Corporation ("MS" or the "Company"), was incorporated in Delaware on December 7, 2016.

In November 2017, the Company implemented a change of control by issuing shares to new stockholders, redeeming shares of existing stockholders, electing a new officer and director, Zilin Wang, and accepting the resignations of its then existing officers and directors. In connection with this change in control, the stockholders of the Company and its board of directors unanimously approved the change of the Company's name from Rain Sound Acquisition Corporation to Allyme Holding Inc On August 6, 2019, the Company changed the Company's name to MS Young Adventure Enterprise, Inc.

In May 2018, the Company implemented another change in control by electing a new officer and director and accepting the resignations of its then existing officer and director and whereby the then majority shareholder of the Company, Zilin Wang, sold his common stock shares in the Company to Chunxia Jiang, who is now the sole officer and director and majority shareholder of the Company.





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Business

The Company is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The Company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services. As of the date of this report, the Company has signed only a few clients.





Loan from a related party

On December 1, 2018 (and restructured on February 28, 2019), whereby MS Young advanced a loan to 0731380 BC Ltd in the initial face amount of $150,000 (the "Loan"), which was be payable one (1) year following the advance of funding of the Loan. In the quarter ended December 31, 2019, the principal of the Loan was fully repaid, and the Company recognized $4,500 interest having been paid on the Loan. $4,500 remained reflected as a loan from related party at December 31, 2019.

Prior to the fiscal year ended December 31, 2019, professional fees were paid on behalf of a Company by a former shareholder, Zilin Wang. These payments were due on demand, interest free, and without collateral. The amount of these prior advances are included in Other Payable on the Company's Balance Sheets as of December 31, 2019. Zilin Wang ceased to be a related party as of the year ended December 31, 2019.





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Results of Operations

Year Ended December 31, 2019 Compared to December 31, 2018

The following table summarizes the results of our operations during the fiscal years ended December 31, 2019 and 2018, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the current 12-month period to the prior 12-month period:





                                                                                Percentage
                                                                Increase         Increase
          Line Item              12/31/19       12/31/18       (Decrease)       (Decrease)

Revenues                         $  34,500     $   15,915     $     18,585            116.8 %
Operating expenses                  83,473        151,284          (67,811 )          (44.8 )%
Other income                         4,500         10,782           (6,282 )          (58.3 )%
Net loss                           (59,473 )     (127,137 )        (67,664 )          (53.2 )%

Loss per share of common stock (0.01 ) (0.02 ) (0.01 ) (50.0 )%

During the year ended December 31, 2019, we had revenues of $34,500, compared to sales of $15,915 for the year ended December 31, 2018, an increase of $18,585. The increase was mainly attributable to increased business.

Operating expenses totaled $83,473 for the year ended December 31, 2019, compared to $151,284 for the year ended December 31, 2018, a decrease of $67,811. The decrease is mainly due to no bad debt was written off during the year ended December 31, 2019 compared to bad debt written off of $66,214 during the same period 2018.

We recorded a net loss of $59,473 for the fiscal year ended December 31, 2019 as compared with a net loss of $127,137 for the fiscal year ended December 31, 2018 due primarily to certain write-offs of bad debt in 2018 which did not recur in 2019.

Liquidity and Capital Resources

As of December 31, 2019, we had total assets of $153,928, working capital of $35,553 and accumulated stockholders' equity of $35,553. Our operating activities used $62,947 in cash for the fiscal year ended December 31, 2019, while our operations used $84,850 cash in the fiscal year ended December 31, 2018. Our revenues were $34,500 in the fiscal year ended December 31, 2019 compared to revenues of $15,915 in the fiscal year ended December 31, 2018. In the fiscal year ended December 31, 2019, we also recognized other income of $4,500 compared to other income of $10,782 in the fiscal year ended December 31, 2018.

Management believes that the Company's cash on hand will be sufficient to fund all Company obligations and commitments for the next twelve months. Historically, we have depended on loans from our principal shareholders and their affiliated companies to provide us with working capital as required. There is no guarantee that such funding will be available when required and there can be no assurance that our stockholders, or any of them, will continue making loans or advances to us in the future.

At December 31, 2019, the Company had interest outstanding from a related party shareholder in the aggregate amount of $4,500, which represents amounts loaned to the Company to pay the Company's expenses of operation. These advances are payable on demand.





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Off Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.





Seasonality

Our operating results are not affected by seasonality.





Inflation

Our business and operating results are not affected in any material way by inflation.





Critical Accounting Policies

The Securities and Exchange Commission issued Financial Reporting Release No. 60, "Cautionary Advice Regarding Disclosure About Critical Accounting Policies" suggesting that companies provide additional disclosure and commentary on their most critical accounting policies. In Financial Reporting Release No. 60, the Securities and Exchange Commission has defined the most critical accounting policies as the ones that are most important to the portrayal of a company's financial condition and operating results and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. The nature of our business generally does not call for the preparation or use of estimates.

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