The following discussion of our financial condition and results of operations should be read in conjunction with our audited consolidated financial statements and the notes to those financial statements appearing elsewhere in this Report.

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words "may," "will," "should," "anticipate," "estimate," "plan," "potential," "project," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend," or the negative of these words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.





11







Overview

Leader Hill Corporation is headquartered in Shenzhen, China and primarily operates in the industry of business consulting. At present, the only service that has been provided by the Company thus far, has been the research and creation of a 'feasibility report'. All other additional services are prospective, and have not, as of this point in time, been performed for any clients yet. We believe that we have the capacity to offer any of the below services immediately upon securing an agreement with a client. We assist, and plan to continue to assist, start-up to mid-size companies in the East Asia region, with a focus on mainland China and Hong Kong. Our core services are divided into four categories: company formation, corporate secretarial and administration, accounting and bookkeeping, and general business consulting services.

As of November 30, 2019, and 2018, our accumulated deficits were $69,005 and $47,082 respectively. Our stockholders' deficit was $33,498 and $11,711 as of November 30, 2019 and 2018 respectively. We have so far generated $46,600 in revenue and incurred a net loss of $21,923 for the fiscal year ended November 30, 2019. Our net losses were principally attributed to general and administrative expenses.





Results of Operations



Revenue

For the year ended November 30, 2019, the Company has generated a revenue of $46,600, from two customers each for $41,000 pertaining to business and financial advisory services provided and $5,600 of company incorporation services and accounting services respectively.

For the year ended November 30, 2018, the Company has generated a revenue of $10,000 from providing business advisory services to single customer.

The management of the Company believe there are significant concentration on customer for the two financial year ended November 30, 2019.

General and Administrative Expenses

For the year ended November 30, 2019, the Company has incurred a general and administrative expenses of $68,523. Of which primarily consist of legal and professional fees, transfer agent fees, audit and audit related fees, filing agent fees and accrual of prepaid expenses related to website development.

For the year ended November 30, 2018, the Company has incurred a general and administrative expenses of $40,474. Of which primarily consist legal and professional fees, travelling and accommodation, audit fee, taxation service fee, Edgar filing fee and stock storage and registrant fee.





Net Loss

The Company has incurred net loss of $21,923 and $30,473 for the year ended November 30, 2019 and 2018 respectively. The net loss mainly derived from the general and administrative expenses incurred.





12

Liquidity and Capital Resources

Cash Used in/(Provided by) Operating Activities

For the year ended November 30, 2019, the Company has used $24,372 in operating activities primarily caused by net loss from operating, accrual of prepaid website development fee, realization of deferred revenue and recognition of revenue previously categorized as customer deposit contra by the advances from director for working capital purpose.

For the year ended November 30, 2018, the Company has used $9,952 in operating activities caused by net loss from operating and significant prepayment for website development fee contra by deferred revenue, other payable and account receivable and advances from director for working capital purpose.

Cash Used In investing activities

The Company has not used nor received any cash from investing activity for the year ended November 30, 2019.

The Company has invested $658 in equipment for the year ended November 30, 2018.

Cash Provided by Financing Activities

For the year ended November 30, 2019, the Company has not used nor being provided with cash.

For the year ended November 30, 2018, the Company has received $37,000 from financing activities, from proceeds from issuance of share through public offering and subscription receivables.

13

© Edgar Online, source Glimpses