ITEM 2. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
FORWARD LOOKING STATEMENTS
Statements made in this Form 10-Q that
are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These
statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,”
“anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof.
We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not
to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements
represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject
to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially
from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently
to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the
occurrence of anticipated or unanticipated events.
General
We were incorporated in the State of Nevada
on May 19, 2016. We commence operations in tourism. We commenced operations in tourism. We were a travel agency that organized
individual and group tours in Kyrgyzstan, such as cultural, recreational, sport, business, ecotours and other travel tours. Services
and products provided by our company included custom packages according to the client’s specifications. We developed and
offered our own tours in Kyrgyzstan as well as third-party suppliers.
On July 15, 2019, the Company’s principal
office relocated to Room 1204-06, 12/F, 69 Jervois Street, Sheung Wan, Hong Kong. On January 15, 2020, our principal office has
been relocated to Suite 1802-03, 18/F, Strand 50, 50 Bonham Strand, Sheung Wan, Hong Kong. Our management is planning to restructure
our business from travel agency to an investment holding with major business being diversified financials.
RESULTS OF OPERATION
The accompanying financial statements have
been prepared on a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course
of business. We have not yet established an ongoing source of revenues sufficient to cover our operating costs and allow it to
continue as a going concern. We have accumulated deficit from inception (May 19, 2016) to February 29, 2020 of $52,976. These factors
among others raise substantial doubt about our ability to continue as a going concern.
In order to continue as a going concern,
we will need, among other things, additional capital resources. Management’s plan is to obtain such resources for us by obtaining
capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party
equity and/or debt financing. However, management cannot provide any assurances that we will be successful in accomplishing any
of our plans. These financial statements do not include any adjustments related to the recoverability and classification of assets
or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.
Three Months Period Ended February 29,
2020 compared to Three Months period ended February 28, 2019
Revenue
During the three months ended February
29, 2020 and February 28, 2019, the company did not generate any revenue.
Operating Expenses
During the three months period ended February
29, 2020, we incurred total expenses and professional fees of $3,456, compared to $4,095 during the three months ended February
28, 2019.
Our net loss for the three months period
ended February 29, 2020 was $3,456 compared to net loss of $4,095 during the three months ended February 28, 2019.
Six Months Period Ended February 29,
2020 compared to Six Months period ended February 28, 2019
Revenue
During the six months ended February 29,
2020 and February 28, 2019, the Company did not generate any revenue.
Operating Expenses
During the six months period ended February
29, 2020, we incurred total expenses and professional fees of $6,850, compared to $8,833 during the six months ended February 28,
2019. General and administrative expenses incurred generally related to legal and auditing services.
Our net loss for the six months period
ended February 29, 2020 was $6,850 compared to net loss of $8,833 during the six months ended February 28, 2019.
LIQUIDITY AND CAPITAL RESOURCES
As at August 31 2019 and February 29, 2020
our current assets were $0. As at August 31, 2019 and February 29, 2020 our total assets were $0. As at February 29, 2020, our
current liabilities were $7,348 compared to $498 as at August 31, 2019.
Stockholder’s deficit was $7,348
as of February 29, 2020 compared to $498 as of August 31, 2019.
Cash Flows from Operating Activities
For the six months period ended February
29, 2020, net cash flows used in operating activities were $4,850, consisting of net loss of $6,850, net of cash inflows from accrued
liabilities of $2,000. For the six months period ended February 28, 2019, net cash flows used in operating activities were $8,001,
consisting primarily of net loss of $8,833, net of amortization expenses of $334 and cash inflows from accounts payable of $498.
Cash Flows from Financing Activities
Cash flows provided by financing activities
during the six months period ended February 29, 2020 was $4,850 which was advanced by a related company, JTI Finance Limited, compared
to $5,199 during the six months period ended February 28, 2019, consisting of loan from shareholder. Roy Chan, president of the
Company, is also a director of JTI Finance Limited.
PLAN OF OPERATION AND FUNDING
Existing working capital, further advances
and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months.
We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds
of the private placement of equity and debt instruments.
In connection with our business plan, management
anticipates additional increases in operating expenses and capital expenditures relating to:(i) developmental expenses associated
with a start-up business; and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities,
and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating
requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders.
Further, such securities might have rights, preferences or privileges senior to our common stock.
Additional financing may not be available
upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able
to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our
business operations.
OFF-BALANCE SHEET ARRANGEMENTS
As of the date of this Quarterly Report,
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, capital expenditures
or capital resources that are material to investors.
CONTRACTUAL OBLIGATIONS
As of February 29, 2020, the Company has
no contractual obligations involved.