The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended January 31, 2022 and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form S-1 Amendment No.5, dated May 3, 2019 in the section entitled "Risk Factors" for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form10-Q. The following should also be read in conjunction with the unaudited Condensed Financial Statements and notes thereto that appear elsewhere in this report.





Results of Operation

For the three and nine months ended October 31, 2022

For the three months periods ended October 31, 2022 and 2021, we realized revenue in amount of $0 and $0, respectively. For the nine months periods ended October 31, 2022 and 2021, we realized revenue in amount of $0 and $0, respectively.

Result of operation for the three months ended October 31, 2022 and 2021, we realized cost of revenue in amount of $0 and $0, respectively. Result of operation for the nine months ended October 31, 2022 and 2021, we realized cost of revenue in amount of $0 and $0, respectively.

The overall gross loss for the Company was $0 and $0 for the three months ended October 31, 2022 and 2021, respectively. The overall gross profit (or loss) for the Company was $0 and $0 for the nine months ended October 31, 2022 and 2021, respectively.

Our net loss was $7,825 and $5,657 for the three months ended October 31, 2022 and 2021, respectively. Our net loss was $33,798 and $24,769 for the nine months ended October 31, 2022 and 2021, respectively. Such increase was due to the professional fee (audit and review fee).

Liquidity and Capital Resources

As of October 31, 2021, we had cash and cash equivalents of $0. We have a negative operating cash flows of $32,528 and our working capital has been and will continue to be significant. As a result, we depend substantially on our previous financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements and to make capital investments in connection with ongoing operations. The Company expects its current capital resources to meet our basic operating requirements for approximately twelve months.





Operating Activities

For the nine months periods ended October 31, 2022, net cash used in operating activities was $32,528, compared to net cash used in operating activities of $17,804 for the nine months periods ended October 31, 2021.





Investing Activities

For the nine months periods ended October 31, 2022, net cash provided by investing activities was $0, compared to net cash provided by investing activities of $0 for the nine months periods ended October 31, 2021.





Financing Activities

For the nine months periods ended October 31, 2022 net cash provided by financing activities was $32,528. For the nine months periods ended October 31, 2021, net cash provided by finance activities was $17,804.





Credit Facilities

We do not have any credit facilities or other access to bank credit.

Contractual Obligations, Commitments and Contingencies

We currently have a lease agreement in place with respect to office premises in Beijing China to commence our business operations.

Off-balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of October 31, 2022.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.





3

© Edgar Online, source Glimpses