Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission File Number 333-252500

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

(Exact name of registrant issuer as specified in its charter)

Nevada

2870

61-1948707

(State or other jurisdiction of

incorporation or organization)

(Primary Standard Industrial

Classification Number)

(IRS Employer

Identification Number)

No.1002, Block 2, No.5, Annex 5, No.188,

Beizhan East Road, Shapingba District, Chongqing, China 400030

(Address of principal executive offices, including zip code)

(+86) 13981161812

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name on each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer ☐	Accelerated Filer ☐	Non-accelerated Filer ☒	Smaller reporting company ☒
			Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of August 22, 2024, there were 101,400,000 shares of common stock, par value $0.0001 per share, outstanding.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION	F-1

ITEM 1.	CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	F-1

	CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023	F-1

	UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023	F-2

	UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ DEFICIT FOR THE SIX MONTHS ENDED June 30, 2024 and 2023	F-3

	UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED June 30, 2024 and 2023	F-4

	NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	F-5 - F-16

ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3-9

ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	10

ITEM 4.	CONTROLS AND PROCEDURES	10

PART II	OTHER INFORMATION	12

ITEM 1	LEGAL PROCEEDINGS	12

ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	12

ITEM 3	DEFAULTS UPON SENIOR SECURITIES	12

ITEM 4	MINE SAFETY DISCLOSURES	12

ITEM 5	OTHER INFORMATION	12

ITEM 6	EXHIBITS	12

SIGNATURES		13

PART I — FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2024 AND DECEMBER 31, 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)

	As of June 30, 2024			As of
	(UNAUDITED)			December 31, 2023
ASSETS
Current assets
Cash and cash equivalents	$	1,481		$	95,938
Inventories		105,138			113,688
Prepayment, deposits and other receivables		209,547			132,747
Total current assets		316,166			342,373

Non-current Assets
Right-of-use assets, net		-			34,954
Total non-current assets		-			34,954

TOTAL ASSETS	$	316,166		$	377,327

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Trade payables	$	2,247		$	12,597
Other payables and accrued liabilities		11,969			32,242
Deferred revenue		159			14,782
Amount due to a director		455,160			501,890
Lease liability – current portion		-			34,954
Total current liabilities		469,535			596,465

TOTAL LIABILITIES		469,535			596,465

STOCKHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; 0 issued and outstanding
Common stock, $0.0001 par value; 800,000,000 shares authorized; 101,400,000 shares of common stock issued and outstanding as of June 30, 2024 and December 31, 2023, respectively		10,140			10,140
Additional paid-in capital		148,860			148,860
Accumulated other comprehensive income		(3,215	)		1,860
Accumulated deficit		(309,154	)		(379,998	)

TOTAL STOCKHOLDERS’ DEFICIT		(153,369	)		(219,138	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	316,166		$	377,327

See accompanying notes to unaudited condensed consolidated financial statements.

F-1

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)

	2024			2023			2024			2023
	Three months ended June 30,						Six months ended June 30,
	2024			2023			2024			2023
REVENUE	$	2,539		$	1,677		$	292,405		$	155,971

COST OF REVENUE		(220	)		(147	)		(65,117	)		(33,717	)

GROSS PROFIT		2,319			1,530			227,288			122,254

OPERATING EXPENSES
Selling and distribution		(48,619	)		-			(51,058	)		(495	)
General and administrative		(31,703	)		(96,821	)		(98,694	)		(146,968	)

PROFIT (LOSS) FROM OPERATION BEFORE INCOME TAX		(78,003	)		(95,291	)		77,536			(25,209	)

INTEREST INCOME		15			14			83			64

OTHER INCOME		1,379			-			1,379			-

PROFIT (LOSS) BEFORE INCOME TAX		(76,609	)		(95,277	)		78,998			(25,145	)

INCOME TAX EXPENSES		(8,154	)		-			(8,154	)		(238	)

NET INCOME (LOSS)		(84,763	)		(95,277	)		70,844			(25,383	)

Other comprehensive income:
- Foreign currency translation loss		(2,373	)		(8,636	)		(5,075	)		(8,149	)

TOTAL COMPREHENSIVE INCOME (LOSS)		(87,136	)		(103,913	)		65,769			(33,532	)

NET LOSS PER SHARE, BASIC AND DILUTED		(0.00	)		(0.00	)		0.00			(0.00	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		101,400,000			101,400,000			101,400,000			101,400,000

See accompanying notes to unaudited condensed consolidated financial statements.

F-2

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ DEFICIT

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)


	COMMON STOCK
	NUMBER OF SHARES		AMOUNT		ADDITIONAL PAID-IN CAPITAL		ACCUMULATED DEFICIT			ACCUMULATED OTHER COMPREHENSIVE INCOME			TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)
Balance as of December 31, 2022		101,400,000	$	10,140	$	148,860	$	(389,987	)	$	7,869		$	(223,118	)
Net profit for the period		-		-		-		69,894			-			69,894
Foreign currency translation		-		-		-		-			487			487
Balance as of March 31, 2023		101,400,000	$	10,140	$	148,860	$	(320,093	)	$	8,356		$	(152,737	)
Net loss for the period		-		-		-		(95,277	)		-			(95,277	)
Foreign currency translation		-		-		-		-			(8,636	)		(8,636	)
Balance as of June 30, 2023		101,400,000	$	10,140	$	148,860	$	(415,370	)	$	(280	)	$	(256,650	)

	COMMON STOCK
	NUMBER OF SHARES		AMOUNT		ADDITIONAL PAID-IN CAPITAL		ACCUMULATED DEFICIT			ACCUMULATED OTHER COMPREHENSIVE INCOME			TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)
Balance as of December 31, 2023		101,400,000	$	10,140	$	148,860	$	(379,998	)	$	1,860		$	(219,138	)
Net profit for the period		-		-		-		155,607			-			155,607
Foreign currency translation		-		-		-		-			(2,702	)		(2,702	)
Balance as of March 31, 2024		101,400,000	$	10,140	$	148,860	$	(224,391	)	$	(842	)	$	(66,233	)
Balance		101,400,000	$	10,140	$	148,860	$	(224,391	)	$	(842	)	$	(66,233	)
Net loss for the period		-		-		-		(84,763	)		-			(84,763	)
Net profit (loss) for the period		-		-		-		(84,763	)		-			(84,763	)
Foreign currency translation		-		-		-		-			(2,373	)		(2,373	)
Balance as of June 30, 2024		101,400,000	$	10,140	$	148,860	$	(309,154	)	$	(3,215	)	$	(153,369	)
Balance		101,400,000	$	10,140	$	148,860	$	(309,154	)	$	(3,215	)	$	(153,369	)

See accompanying notes to unaudited condensed consolidated financial statements.

F-3

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)

	Six Months Ended			Six Months Ended
	June 30, 2024			June 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit/(loss)	$	70,844		$	(25,383	)

Adjustments to reconcile net profit to net cash used in operating activities:
Change in operating lease ROU assets		34,293			19,070
Depreciation and amortization		-			129

Changes in operating assets and liabilities:
Inventories		5,819			31,523
Prepayment, deposits and other receivables		(80,541	)		(192,035	)
Other payables and accrued liabilities		(20,134	)		4,735
Deferred revenue		(14,440	)		(113,221	)
Change in lease liability		(34,293	)		(19,070	)
Account payables		(9,939	)		-
Net cash used in operating activities	$	(48,391	)	$	(294,252	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant and equipment		-			(369	)
Purchase of intangible asset		-			(6,245	)

Net cash used in investing activities	$	-		$	(6,614	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Amount due to director		(44,325	)		126,502

Net cash provided by (used in) financing activities	$	(44,325	)	$	126,502

Effect of exchange rate changes on cash and cash equivalents	$	(1,741	)	$	(13,487	)

Net decrease in cash and cash equivalents		(94,457	)		(187,851	)
Cash and cash equivalents, beginning of period		95,938			232,706

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	1,481		$	44,855

SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes	$	8,154		$	-
Cash paid for interest paid	$	-		$	-

See accompanying notes to unaudited condensed consolidated financial statements.

F-4

YCQH AGRICULTURAL TECHNOLOGY CO. LTD

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)

1. ORGANIZATION AND BUSINESS BACKGROUND

YCQH Agricultural Technology Co. Ltd., was incorporated on October 15, 2019 under the laws of the State of Nevada of which Ms. Wang Min was appointed the President, Secretary, Treasurer and sole director of our board.

The Company primarily operates in bio-carbon-based fertilizer (“BCBF”) trading business, including wholesale and retail sale to customer mainly based in People Republic of China, sourcing directly from producers in China. The Company does not maintain and operate any production and manufacturing of BCBF facility or machine and equipment. On July 25, 2022, the Company ventures into online retailing business through e-commerce platform, retailing a series of daily use products covering from healthcare products, cosmetic products, fashion products, household products and so forth to customer mainly based in People Republic of China. The Company acts as the intermediary role and does not keep any form of inventory throughout the online retail transaction.

Company name	Place/date of incorporation	Principal activities
YCQH Holding Limited (“YCQH Seychelles”)	Seychelles / October 11, 2019	Investment holding

YCQH Agricultural Technology Co. Limited (“YCQH HK”)	Hong Kong / October 10, 2019	Investment holding

YCWB Agricultural Technology Co. Limited (“YCWB”)	ChongQing Province, China/December 10, 2019	Operates in bio-carbon-based fertilizer trading business

SCQC Agriculture Co. Limited(“SCQC”)	SiChuan Province, China/November 1, 2019 (acquired on June 15, 2020)	Operates in bio-carbon-based fertilizer trading business and daily use products online retailing business

On December 16, 2019, the Company acquired YCQH Holding Limited, a company incorporated in Republic of Seychelles. In the same day YCQH Seychelles acquired YCQH Agricultural Technology Co. Limited, a company incorporated in Hong Kong.

On December 10, 2019, the YCQH HK incorporated YCWB Agricultural Technology Co. Limited, a wholly foreign owned enterprise, in SiChuan Province, China, with Ms. Wang Min as the legal representative.

On June 15, 2020, the Company through subsidiary YCWB Agricultural Technology Co. Limited acquired SCQC Agriculture Co. Limited, a company incorporated in SiChuan Province, China for a consideration of CNY 1,169,996 (approximate $165,605) with carrying value on book of CNY 1,168,554 (approximate $165,401) from a third party. The premium was accounted as expense for the year ended December 31, 2020.

On April 19, 2023, the Company through subsidiary YCWB Agricultural Technology Co. Limited incorporated XMYC Trading Co. Limited, a company incorporated in XiaMen City, China with an investment capital of CNY 500,000 (approximate $68,931).

On September 25, 2023, the Company through subsidiary YCWB Agricultural Technology Co. Limited disposed XMYC Trading Co. Limited, with a consideration of CNY 0.1 (approximate $0.01). After the disposal of XMYC, the Company will continue to operate the beauty products trading business.

The Company’s executive office is located at No.1002, Block 2, No.5, Annex 5, No.188, Beizhan East Road, Shapingba District, Chongqing, China.

F-5

2. BASIS OF PRESENTATION

The accompanying condensed consolidated financial statements of the Company are prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”). All material inter-company accounts and transactions have been eliminated on consolidation. The Company has adopted December 31 as its fiscal year end.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of estimates

The preparation of the condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Under the PRC Foreign Exchange Control Regulations and Administration of Settlement, Sales and Payment of Foreign Exchange Regulations, the Company is permitted to exchange Chinese Renminbi for foreign currencies through banks that are authorized to conduct foreign exchange business.

Prepayment, Deposits and Other Receivables

Prepayments and deposits are mainly cash deposited or advance payments made to third parties for future purchases or future services such as rent or other general expenses. This amount is refundable and bears no interest. The Company will recognize an allowance account for doubtful accounts to the extent it is probable that a portion or all of a particular account will not be collected. Management reviews its prepayments and deposits on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. The Company’s management continues to evaluate the reasonableness of the allowance policy and update it if necessary. No allowance for doubtful accounts was made for the six months ended June 30, 2024 and 2023.

Lease

The Company adopted the ASU No. 2016-02, on October 15, 2019 (date of inception). The Company leases office space for fixed periods with pre-emptive extension options. The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term.

The lease liability is initially and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

In determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company adopted 4.75% as its incremental borrowing rate which is estimated to approximate the interest rate on a collateralized basis with similar terms and payments.

On March 5, 2024 the management entered into a tenancy agreement to rent an office for a monthly rental of CNY9,000 (approximate $1,258) for a period of two years. On May 31, 2024, the management of the Company terminated the tenancy agreement of the office. From June 21, 2024, the management of the Company uses part of the leased office space of Chongqing Jiushengguang Enterprise Management Consulting Co., LTD. free of charge. Please refer to Note 10 for the details of the lease.

F-6

Revenue Recognition

The Company generates two streams of revenue.

The first stream of revenue is generated through sale of goods, primarily Bio-Carbon-Based-Fertilizer (“BCBF”). Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

(i) identification of the promised goods and services in the contract;

(ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract;

(iii) measurement of the transaction price, including the constraint on variable consideration;

(iv) allocation of the transaction price to the performance obligations; and

(v) recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company records revenue from the sale of product upon shipment or delivery of the products to the customer.

While another revenue stream is our online retailing business. In online retailing business we have differentiate into two distinct revenue streams: sales revenue with inventory risk and sales revenue without inventory risk. Initially, the Company act as an agent in transactions, meaning we place orders with suppliers upon receiving orders from customers. The suppliers will then directly send the goods to the customer based on our order info. A reporting entity assumes the role of agent in a transaction and arranges for the other party to provide the specified goods or service. Consequently, product sales revenue is recorded net of cost of sales, as we act as an agent and do not bear inventory risk.

During the last quarter of 2023, we transitioned to purchasing stock from several suppliers and outsource the inventory warehouse to few suppliers and we are liable for the inventory risk hence we are principal in this extent. Similar to previous operations, contracts are formed when customers place orders in the app, and the performance obligation remains unchanged. Revenue recognition continues to be based on the point in time when customers assume control and legal ownership of the purchased products, without deducting any associated costs, as this reflects the normal transactional relationship between seller and buyer. We recognize revenue when customers take control and legal ownership of the purchased products.

From the quarter four of 2023 onwards, the company will continue operate as sales income from BCBF and online retailing business with and without inventory risk. As such, revenue derived from online retailing business is being recognized on net basis, i.e. gross revenue received from customer deduct the cost of purchase to supplier.

Besides, adopting ASC 606-10-55-42, we give an option to customers, which they will be received of cash back from their purchased amount in the online platform. Hence, cash back is a material right, so we will net off the cash back portion with the revenue instead of recognize the whole purchased amount as revenue.

F-7

Deferred revenue

The Company’s accounting policy related to deferred revenue is to recognize revenue for performance obligations that have not yet been fulfilled. As of June 30, 2024 and December 31, 2023, the Company recognized amounts of $159 and $14,782, respectively. The deferred revenue is expected to be recognized as revenue within 12 months from the reporting period, as all unsatisfied performance obligations are expected to be completed within that timeframe.

Shipping, Storage and Handling costs

Costs for shipping, storage and handling activities, including those activities that occur subsequent to transfer of control to the customer, are recorded as selling and distribution expense and are expensed as incurred. The Company accrues costs for shipping, storage and handling activities that occur after control of the promised good has transferred to the customer.

Advertising costs

The Company’s accounting policy related to advertising costs for annual reporting purposes is to expense costs incurred in marketing events for example event venue fees, emcee fees and others, as of the first date the advertisements take place. All marketing expenditures are expensed in the annual period in which the expenditure is incurred. For the six months ended June 30, 2024 and 2023, the Company did not incurred expenses for advertising costs.

Earnings Per Share

The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share”, which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure.

The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued.

Inventories

Inventories consist of finished goods and are stated at the lower of cost or net realizable value using the first-in first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. The Company reviews its inventories regularly for possible obsolete goods and establishes reserves when determined necessary.

During the last quarter of 2023, we transitioned to purchasing stock from several suppliers and outsource the inventory warehouse to few suppliers and we are liable for the inventory risk hence we are principal in this extent. Our inventory is stored and managed at the facilities of third-party logistics providers. These arrangements involve contractual agreements outlining the terms of storage, handling, and distribution of our inventory. Besides, the third-party logistics providers are responsible for maintaining the quality and condition of the inventory in accordance with our specifications.

Each third-party logistics provider uses its own inventory management system to track the movement and availability of our products. They will send us a copy of the movement and balance of inventory at the end of the month, which we then compare with the inventory movement worksheet maintained by our company. This allows us to identify any inventory discrepancies promptly. The third-party logistics providers facilitate the distribution of our inventory to our customers and fulfillment centers as per our instructions. Additionally, the logistics providers are responsible for our inventory in any aspect of damaged goods due to their responsibility, for example, stolen inventory, damaged goods due to warehouse conditions, and other factors.

F-8

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Income Taxes

The Company accounts for income taxes using the asset and liability method prescribed by ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date.

Foreign Currency Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles, Hong Kong and PRC have functional currencies in United States Dollars (“US$”), Hong Kong Dollars (“HK$”) and Chinese Renminbi (“CNY¥”) respectively.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

The shareholders’ equity accounts were stated at their historical rate. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

	As of and for the six months ended		As of and for the six months ended
	June 30, 2024		June 30, 2023
Period-end HK$ : US$1 exchange rate		7.81		7.75
Period-end CNY¥ : US$1 exchange rate		7.27		7.25
Period-average HK$ : US$1 exchange rate		7.82		7.75
Period-average CNY¥: US$1 exchange rate		7.21		6.97

F-9

Fair Value Measurement

Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures”, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset.

This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently issued accounting pronouncements

In November 2023, the FASB issued ASU 2023-07, Improvement to Reportable Segment Disclosures (Topic 280). ASU 2023-07 aims to improve segment disclosures through enhanced disclosures about significant segment expenses. The standard requires all public entities, including those public entities that have a single reportable segment, shall disclose all of the following for each period for which an income statement is presented. However, reconciliations of balance sheet amounts for reportable segments to consolidated balance sheet amounts are required only for each year for which a balance sheet is presented. This standard will be effective for the Company in fiscal year of 2024. The Company is currently evaluating the impact of the additional disclosure requirements on the Company’s condensed consolidated financial statements.

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s unaudited condensed consolidated financial statements.

Economic and political risks

Substantially all the Company’s services are conducted in the People’s Republic of China (“PRC”), of which operations in the PRC are subject to special considerations and significant risks not typically associated with companies in rest of the world. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation.

F-10

4. GOING CONCERN UNCERTAINTIES

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is currently in a net liability position and incurred a net cash used in operating activities of $ 48,391 for the six months ended June 30, 2024, resulting in accumulated deficit of $309,154 and a working capital deficit of $153,369.

The Company’s cash position may not be significant enough to support the Company’s daily operations. While the Company believes in the viability of its strategy and in its ability to raise additional funds, there can be no assurances to that effect. The Company’s ability to continue as a going concern is dependent upon its ability to improve profitability and the ability to acquire funding through public offering. If funding from public offering is insufficient, then the Company shall rely on the financial support from its controlling shareholder.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that financial statements are issued. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

5. INVENTORIES

As of June 30, 2024 and December 31, 2023, the Company inventories consist of following:

SCHEDULE OF INVENTORIES

	As of June 30, 2024		As of December 31, 2023
Finished goods	$	105,138	$	113,688

Total inventories	$	105,138	$	113,688

No allowance has been provided for the six months ended June 30, 2024.

6. PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

As of June 30, 2024 and December 31, 2023, prepayment, deposits and other receivables consist of following:

	As of June 30, 2024		As of December 31, 2023
Deposits for Hong Kong Company Secretary	$	13	$	13
Staff Advancement & Prepaid Staff Cost		101,268		9,810
Rental Deposit & Prepayment		1,512		13,498
Supplier Deposit & Prepayment		101,454		107,581
Prepaid transfer agent fee and OTCIQ renewal		5,300		1,845
Total prepayment, deposits and other receivables	$	209,547	$	132,747

7. OTHER PAYABLES AND ACCRUED LIABILITIES

As of June 30, 2024 and December 31, 2023, other payables and accrued liabilities consist of the following:

	As of June 30, 2024		As of December 31, 2023
Other payables	$	1,669	$	3,047
Accrued audit fee		10,300		28,550
Accrued professional fee		-		645
Total other payables and accrued liabilities	$	11,969	$	32,242

F-11

8. AMOUNT DUE TO A DIRECTOR

SCHEDULE OF RELATED PARTY TRANSACTION

As of

June 30, 2024

As of

December 31, 2023

Amount due to a director

455,160

501,890

As of June 30, 2024, the Company has an outstanding payable of $455,160 to our director, Ms. Wang Min, which is unsecured and non-interest bearing with no fixed terms of repayment. During the six months ended June 30, 2024, the Company repaid a net amount of $46,730 to the director, Ms. Wang Min.

9. SHAREHOLDERS’ EQUITY

As of June 30, 2024 and December 31, 2023, the Company has 101,400,000 shares and 101,400,000 shares of common stock issued and outstanding, respectively.

During the six months ended June 30, 2024, the Company has not issued any shares.

The Company has 800,000,000 shares of commons stock and 200,000,000 shares of preference stock authorized, no share of preference stock issued and outstanding.

10. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

On December 1, 2022, the management of the Company through indirect wholly owned subsidiary SCQC Agriculture Co. Limited enter into a tenancy agreement to rent an office with an area of approximate 232 square meter for monthly rental of CNY24,900 (approximate $3,604) for a period of two years. On December 01, 2023, the monthly rental is reduced from CNY24,900 to CNY23,000 (approximate $3,241) for the remaining period. On February 29, 2024, the management of the Company through indirect wholly owned subsidiary SCQC Agriculture Co. Limited terminated the tenancy agreement of the office.

On March 5, 2024 the management enter into a tenancy agreement to rent an office for a monthly rental of CNY9,000 (approximate $1,258) for a period of two years. On May 31, 2024, the management of the Company terminated the tenancy agreement of the office.

Zhu Peiyuan, a manager of the Company, has an indirect holding in Chongqing Jiushengguang Enterprise Management Consulting Co., LTD. (“Chongqing Jiushengguang”). Chongqing Jiushengguang’s leased office space is located at No. 188 and No. 5, East Beizhan Road, Shapingba District, Chongqing. From June 21, 2024, the management of the Company, through indirect wholly owned subsidiary SCQC Agriculture Co. Limited, uses part of the office space free of charge.

As of December 31, 2023, operating lease right-of-use assets as follows:

Right-of-use assets, net as of December 31, 2022	$	79,394
Amortization for the period ended November 30, 2023		(36,159	)
Right-of-use assets as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Amortization of December 31, 2023		(3,109	)
Foreign exchange translation		(2,022	)
Right-of-use assets, net as of December 31, 2023	$	34,954

As of December 31, 2023, operating lease liability as follows:

Lease liability as of December 31, 2022	$	79,394
Add: imputed interest for the period ended November 30, 2023		2,509
Less: gross repayment for the period ended November 30, 2023		(38,668	)
Operating lease liability as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Add: imputed interest of December 31, 2023		138
Less: gross repayment of December 31, 2023		(3,247	)
Foreign exchange translation		(2,022	)
Lease liability as of December 31, 2023	$	34,954

F-12

11. CONCENTRATION OF RISK

Customer Concentration

For the three months ended June 30, 2024, the Company generated total revenue of $2,539, of which two customers accounted for more than 10% of the Company’s total revenue. For the three months ended June 30, 2023, the Company generated total revenue of $ 1,677, of which no customer accounted for more than 10% of the Company’s total revenue.

SCHEDULE OF CUSTOMER CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	1,148	$	-		45	%		-		$	-	$	-
Customer B		1,148		-		45	%		-			-		-
Others		243		1,677		10	%		100	%		-		-
Total	$	2,539	$	1,677		100	%		100	%	$	-	$	-

For the six months ended June 30, 2024, the Company generated total revenue of $292,405, of which two customers accounted for more than 10% of the Company’s total revenue. For the six months ended June 30, 2023, the Company generated total revenue of $155,971, of which one customer accounted for more than 10% of the Company’s total revenue.

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	-	$	21,672		-			14	%	$	-	$	-
Customer B		58,481		-		20	%		-			-		-
Customer C		38,013		-		13	%		-			-		-
Others		195,911		134,299		67	%		86	%		-		-
Total	$	292,405	$	155,971		100	%		100	%	$	-	$	-

Vendor Concentration

For the three months ended June 30, 2024, the Company incurred cost of revenue of $220, of which no vendor accounted for more than 10% of the Company’s total vendor. For the three months ended June 30, 2023, the Company incurred cost of revenue of $147 solely accounted by a single vendor.

SCHEDULE OF VENDOR CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Cost of revenue				Percentage of Cost of revenue						Accounts payable, trade
Vendor A	$	-	$	147		-			100	%	$	-	$	-
Others		220		-		100	%		-			-		-
Total	$	220	$	147		100	%		100	%	$	-	$	-

F-13

For the six months ended June 30, 2024, the Company incurred cost of revenue of $65,117, of which three vendors accounted for more than 10% of the Company’s total vendor. For the six months ended June 30, 2023, the Company incurred cost of revenue of $33,717 solely accounted by a single vendor.

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts payable, trade
Vendor A	$	-	$	33,570		-			100	%	$	-	$	-
Vendor B		7,603		-		12	%		-			-		-
Vendor C		10,940		-		17	%		-			-		-
Vendor D		21,173		-		32	%		-			-		-
Others		25,401		147		39	%		-			-		-
Total	$	65,117	$	33,717		100	%		100	%	$	-	$	-

12. INCOME TAXES

The Company being a United States entity is subject to the United States federal income tax at 21%. No provision for income taxes in the United States has been made as the Company had no United States taxable income for the six months ended June 30, 2024.

YCQH Holding Limited was incorporated in the Republic of Seychelles and, under the laws of Seychelles, is not subject to income taxes.

YCQH Agricultural Technology Co. Limited was incorporated in Hong Kong and is subject to Hong Kong income tax at a tax rate of 16.5%. The first HK$ 2 million (equivalent US$ 258,000) of profits earned by the company will be taxed at half the current tax rate (i.e., 8.25%) whilst the remaining profits will continue to be taxed at the existing 16.5% tax rate.

YCWB Agricultural Technology Co. Limited and SCQC Agriculture Co. Limited were incorporated in the PRC and subject to the company income tax rate of 25%. On top of company tax, PRC domestic sales are subjected to Value Added Tax typically at 3% for a Small-Scale Taxpayer with PRC revenue less than CNY 5,000,000, which is levied on the invoiced value of sales and is payable by the purchaser for agricultural related product. YCWB Agricultural Technology Co. Limited enjoyed preferential VAT rate of 1%. The Company is required to remit the VAT it collects to the tax authority. A credit is available whereby VAT paid on purchases can be used to offset the VAT due on sales.

Effective and Statutory Rate Reconciliation

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates.

The following table summarizes a reconciliation of the Company’s income taxes expenses:

	2024			2023
	For the Six Months Ended June 30
	2024			2023
Computed expected expenses/(benefits)		25	%		(25	%)
Effect of foreign tax rate difference		1	%		4	%
Deferred tax assets not recognized		30	%		61	%
Temporary difference not recognized		(46	%)		(39	%)
Income tax expense		10	%		1	%

	2024			2023
	For the Six Months Ended June 30
	2024			2023
PRC statutory tax rate		25	%		25	%
Computed expected expenses/(benefits)		17,852			(6,346	)
Effect of foreign tax rate difference		946			1,020
Deferred tax assets not recognized		24,040			15,492
Temporary difference not recognized		(34,684	)		(9,928	)
Income tax expense		8,154			238

F-14

The following table sets forth the significant components of the aggregate deferred tax assets of the Company:

SCHEDULE OF DEFERRED TAX ASSETS

	As of June 30, 2024			As of December 31, 2023
Deferred tax assets:

Net operating loss carry forwards
- United States of America	$	77,344		$	72,534
- Hong Kong		805			790
- People Republic China		31,478			25,201

Less: valuation allowance		(109,627	)		(98,525	)
Deferred tax assets	$	-		$	-

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Despite the Company starting to turn a net profit for the year according to reporting figures, economic uncertainties dictate that the Company will only adjust its valuation allowance policy if it can sustain net profits over consecutive reporting periods. Therefore, the Company has provided for a full valuation allowance against its deferred tax assets of $ 109,627 as of June 30, 2024.

13. SEGMENT REPORTING

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has three reportable segments based on business unit, bio-carbon-based fertilizer (“BCBF”) trading business, online retailing business and beauty products trading business and two reportable segments based on country, United States and China.

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

SCHEDULE OF SEGMENT REPORTING


	For the Six Months Ended and As of June 30, 2024
By Business Unit	BCBF Trading Business			Online Retailing Business			Total
Revenue	$	16		$	292,389		$	292,405

Cost of revenue		(10	)		(65,107	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		-			(98,694	)		(98,694	)

Profit from operations		6			77,530			77,536

Total assets	$	316,166			-		$	316,166
Capital expenditure		-			-			-

F-15


	For the Six Months Ended and As of June 30, 2023
By Business Unit	BCBF Trading Business			Online Retailing Business			Beauty Products Trading Business			Total
Revenue	$	57,622		$	97,077		$	1,272		$	155,971

Cost of revenue		(33,570	)		-			(147	)		(33,717	)
Selling and distribution expenses		(495	)		-			-			(495	)
General and administrative expenses		(83,457	)		(21,245	)		(42,266	)		(146,968	)

Profit (loss) from operations		(59,900	)		75,832			(41,141	)		(25,209	)

Total assets	$	261,377		$	-		$	82,628		$	344,005
Capital expenditure	$	-		$	-		$	6,614		$	6,614

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2024
By Country	United States			China			Total
Revenue	$	-		$	292,405		$	292,405

Cost of revenue		-			(65,117	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		(22,906	)		(75,788	)		(98,694	)

Profit (loss) from operations		(22,906	)		100,442			77,536

Total assets	$	5,551		$	310,615		$	316,166
Capital expenditure	$	-		$	-		$	-

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2023
By Country	United States			China			Total
Revenue	$	-		$	155,971		$	155,971

Cost of revenue		-			(33,717	)		(33,717	)
Selling and distribution expenses		-			(495	)		(495	)
General and administrative expenses		(24,604	)		(122,364	)		(146,968	)

Loss from operations		(24,604	)		(605	)		(25,209	)

Total assets	$	15,454		$	328,551		$	344,005
Capital expenditure	$	-		$	6,614		$	6,614

14. SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after June 30, 2024 up through the date the Company issued the financial statements. No subsequent events have occurred that would require recognition or disclosure in the financial statements.

F-16

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis and the unaudited interim financial statements included in this Quarterly Report on Form 10-Q should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2023 and the related Management’s Discussion and Analysis of Financial Condition and Results of Operations, both of which are contained in the Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on April 16, 2024.

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). All statements other than statements of historical facts contained in this Quarterly Report, including statements regarding our future results of operations and financial position, business strategy, research and development plans, the anticipated timing, costs, design, and conduct of our ongoing and planned businesses, and objectives of management for future operations, future results of anticipated business development efforts, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements.

In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “contemplate,” “continue” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” or “will” or the negative of these terms or other similar expressions. These forward-looking statements are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial and other trends that we believe may affect our business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this Quarterly Report and are subject to a number of risks, uncertainties, and assumptions, including, without limitation, the risk factors described in our registration statement on Form S-1/A, filed with the SEC on June 3, 2021, in the section entitled “Risk Factors”, which we strongly encourage investors to carefully read as these factors could, among other things, cause actual results to differ from these forward-looking statements. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Company Overview

The Company is engaging in the wholesale and retail of high quality, sustainable, environmentally friendly bio-carbon-based fertilizer (herein referred to as “BCBF”). BCBF not only enhances the crop yield but also contributes to environmental preservation. The Company’s BCBF is sourced from, and produced by, a third party through heating straw in a closed container with little or no available air. This method is also known as thermal decomposition of organic material under limited supply of oxygen at relatively low temperature. In accordance with requirements imposed by the PRC Ministry of Agriculture, the Company’s Supplier of BCBF has registered with Sichuan Province Provincial Department of Agriculture and Rural Affairs, which has an effective period of 5 years, from December 2019 to December 2024. As of the date of this report, the Company does not maintain or operate any production and/or manufacturing of any BCBF facility, machine and/or equipment.

The Company is currently wholesaling and retailing BCBF through its wholly owned subsidiary SCQC Agriculture Co. Limited (“SCQC”). Management of the Company believes that the BCBF sold by the Company is capable of maintaining soil fertility, enhancing crop yield, improving soil structure, improving water and fertilizer retention capability and improving fertilizer utilization efficiency and effectiveness. This is achieved through balancing carbon and nitrogen content, neutralizing soil pH while at the same time creating soil particle structure that is conducive to plant growth.

The BCBF sold by the Company, produced through straw thermal decomposition, replaces the function of activated carbon. The combination of soil and BCBF is capable of absorbing and reducing pollution content, such as heavy metals from agricultural residual wastes. Further, the combination of water and BCBF is capable of purifying water by producing carbohydrates and glucose, which could be absorbed by and is conducive to the growth of plants. Additionally, BCBF possesses outstanding water storage capacity, which can store up to 10 times the water content when compared to soil without BCBF, which in turn provides farmers greater flexibility during times of hardship such as a drought.

As such, the management of the Company believes that the Company’s BCBF is not only a superior option compared to conventional fertilizer in terms of environmentally sustainability, but also from an economic perspective due to the improvement in crop yield quality and quantity. The Company’s BCBF consists of roughly 45% organic matter, 20% bio-charcoal, 10% humic acid, 5% NPK and boats an effective microorganism count of 20,000,000 per gram.

On July 25, 2022, the Company launched its online retailing business through an e-commerce platform, offering a range of daily use products including healthcare, cosmetics, fashion, and household products. Customers will place orders through the platform and make payments to the Company. The Company will then place orders with the supplier, who will deliver the products directly to the customer. Settlement between the Company and the suppliers is scheduled on a weekly basis. The Company acts as an intermediary and does not maintain any form of inventory during the transaction.

Results of operations

Three months ended June 30, 2024 and 2023

The following table summarizes our result of operations for the periods presented:

	Three months ended June 30,
	2024			2023			Change
BCBF Business Sales Revenue	$	16		$	-			16
Percentage towards Total Revenue		1	%		-

Online Business Revenue, net	$	2,523		$	405			2,118
Percentage towards Total Revenue		99	%		24	%

Beauty Products Business Sales Revenue	$	-		$	1,272			(1,272	)
Percentage towards Total Revenue		-			76	%
Total Revenue	$	2,539		$	1,677			862

BCBF Business Cost of Sales		(10	)		-			(10	)
Online Business Cost of Sales		(210	)		-			(210	)
Beauty Products Business Cost of Sales		-			(147	)		147
Total Cost of Sales	$	(220	)	$	(147	)		(73	)

BCBF Business Gross Profit		6			-			6
Online Business Gross Profit		2,313			405			1,908
Beauty Products Business Gross Profit		-			1,125			(1,125	)
Total Gross Profit	$	2,319		$	1,530			789

Gross Profit Margin		91	%		91	%

BCBF Business Gross Profit Margin		38	%		-
Online Business Gross Profit Margin		92	%		-
Beauty Products Business Gross Profit Margin		-			88	%

Revenue

For the three months ended June 30, 2024, the Company generated total revenue of $2,539, compared to a total revenue of $1,677 for the three months ended June 30, 2023, which includes revenue generated from the BCBF business amounting to $16 and net revenue from the online retailing business amounting to $2,523.

The increase in revenue from $1,677 in the three months ended June 30, 2023, to $2,539 in the three months ended June 30, 2024, is primarily due to the online retailing business increase .

Cost of Revenue

For the three months ended June 30, 2024, the cost of revenue was $220, compared to the cost of revenue of $147 for the three months ended June 30, 2023. The increase in costs of revenue was primarily due to a higher cost of sales associated with the online retailing business.

Gross Profit

For the three months ended June 30, 2024, the gross profit was $2,319 and the gross margin was 91%, as compared to a gross profit of $1,530, with a gross margin of 91%, for the three months ended June 30, 2023. This includes a gross profit of $6 from BCBF business and $2,313 from the online retailing business, with gross margins of 38% and 92%, respectively.

General and administrative expenses

The general and administrative expenses for the three months ended June 30, 2024 and 2023 were $31,703 and $96,821, respectively. The general and administrative expenses are primarily related to salary and social contribution, lease expenses, travelling expenses, advertising expenses, and audit fees. The decrease in general and administrative expenses is mainly due to the reductions in salaries, social contributions, and lease expenses.

Income/Loss

The Company incurred an operating loss of $78,003 and $95,291 for the three months ended June 30, 2024 and 2023, respectively.

Six months ended June 30, 2024 and 2023

The following table summarizes the results of our operations during the six-month periods ended June 30, 2024 and 2023, and provides information regarding the dollar and percentage increase or (decrease) during such periods.

	Six months ended June 30,
	2024			2023			Change
BCBF Business Sales Revenue	$	16		$	57,622			(57,606	)
Percentage towards Total Revenue		-			37	%

Online Business Revenue, net	$	292,389		$	97,077			195,312
Percentage towards Total Revenue		100	%		62	%

Beauty Products Business Sales Revenue	$	-		$	1,272			(1,272	)
Percentage towards Total Revenue		-			1	%
Total Revenue	$	292,405		$	155,971			136,434

BCBF Business Cost of Sales		(10	)		(33,570	)		33,560
Online Business Cost of Sales		(65,107	)		-			(65,107	)
Beauty Products Business Cost of Sales		-			(147	)		147
Total Cost of Sales	$	(65,117	)	$	(33,717	)		(31,400	)

BCBF Business Gross Profit		6			24,052			(24,046	)
Online Business Gross Profit		227,282			97,077			130,205
Beauty Products Business Gross Profit					1,125			(1,125	)
Total Gross Profit	$	227,288		$	122,254			105,034

Gross Profit Margin		78	%		78	%

BCBF Business Gross Profit Margin		38	%		42	%
Online Business Gross Profit Margin		78	%		-
Beauty Products Business Gross Profit Margin		-			88	%

Revenue

For the six months ended June 30, 2024, the Company generated revenue of $292,405, compared to $155,971 for the same period in 2023. Specifically, the Company’s BCBF trading business contributed $16 in revenue, while the online retailing business accounted for $292,389. This increase in total revenue is primarily attributed to the growth in the online retailing business.

For the six months ended June 30, 2024, the BCBF trading business segment, the online retailing business segment and the beauty products trading business segment contributed 0%,100% and 0% of the total revenue, respectively. For the six months ended June 30, 2023, the BCBF trading business segment, the online retailing business segment and the beauty products trading business segment contributed 37%, 62% and 1% of the total revenue respectively.

Cost of revenue

The cost of revenue for the six months ended June 30, 2024 was $65,117, compared to a cost of revenue of $33,717 for the same period in 2023. This increase is primarily attributable to higher sales costs associated with the online business, which aligns with the increased revenue recorded in this segment. The rise in costs was partially offset by reduced costs of sales in the BCBF and beauty products businesses.

Gross profits and margins

For the six months ended June 30, 2024, the Company recorded a gross profit of $227,288 and a gross margin of 78%, compared to a gross profit of $122,254 and a gross margin of 78% for the same period in 2023. The significant increase in gross profit is primarily driven by the growth in our online retailing business, which contributed almost 100% to the overall revenue. Breaking it down by segments, the BCBF trading business contributed a minimal gross profit of $6 with a 38% margin, while the online business maintained a gross margin of 78%, resulting in a gross profit of $227,282.

Expenses

Selling and distribution expenses for the six months ended June 30, 2024, were $51,058, compared to $495 for the same period in 2023. This increase in expense is in line with our growth in business.

Income/Loss

The Company incurred an operating profit of $77,536 for the six months ended June 30, 2024, compared to an operating loss of $25,209 for the same period in 2023. The increase in operating profit is attributed to income increase.

Liquidity and Capital Resources

Cash Flow

As of June 30, 2024 and December 31, 2023, the Company had available cash of $1,481 and $ 95,938, respectively.

The following table summarizes our cash flow during the six months period ended June 30, 2024 and 2023:

	Six months ended June 30,
	2024			2023
Net cash used in operating activities		(48,391	)		(294,252	)
Net cash used in investing activities		-			(6,614	)
Net cash provided by (used in) financing activities		(44,325	)		126,502

Six Months Ended June 30, 2024 Compared to Six Months Ended June 30, 2023

Cash Used In Operating Activities

For the six months ended June 30, 2024, the Company used $48,391 in operating activity. This primarily resulted from the increase in prepayment, deposits and other receivables, and decrease in deferred revenue, which was offset by a decrease in inventories and increase in other payables and accrued liabilities.

For the six months ended June 30, 2023, the Company used $294,252 in operating activity, of which primarily consist of net loss, increase in prepayment, deposits and other receivables, decrease in deferred revenue and reduction in lease liability contra by depreciation and amortization, decrease in inventories and increase in other payables and accrued liabilities.

Cash Used In Investing Activities

For the six months ended June 30, 2024, the Company did not generate nor used any cash in investing activities.

For the six months ended June 30, 2023, the Company invested $6,614 in investing activities for the acquisition of new office equipment and intangible assets, such as trademarks.

Cash Used in/Provided by Financing Activities

For the six months ended June 30, 2022, cash used in financing activities amounted to $44,325, due to the Company repaying this amount to the director.

For the six months ended June 30, 2023, the Company has received cash provided by director amounting to $126,502.

Capital Requirements

We intend to fund our capital requirements through a combination of cash on hand and cash flows generated from our daily operations. For the six months ended June 30, 2023, the Company received an interest-free, unsecured cash contribution of $126,502 from its director to support its operations. This cash contribution has no fixed terms of repayment.

Foreign Currency

Most of our revenues and operating expenses are denominated in Renminbi. The Renminbi is currently freely convertible under the “current account,” which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account,” which includes foreign direct investment and loans. Under our current corporate structure, our company in the United States may rely on dividend payments from our PRC subsidiaries to fund any cash and financing requirements we may have.

Under existing PRC foreign exchange regulations, payments of current account items, including payment of dividends, interest payments and trade and service-related foreign exchange transactions, can be made in foreign currencies without prior approval of the State Administration of Foreign Exchange, or SAFE, by complying with certain procedural requirements. Our PRC subsidiaries may also retain foreign exchange in its current account, subject to a ceiling approved by SAFE, to satisfy foreign exchange liabilities or to pay dividends. However, we cannot assure you that the relevant PRC governmental authorities will not limit or eliminate our ability to purchase and retain foreign currencies in the future.

Since a significant amount of our future revenues will be denominated in Renminbi, the existing and any future restrictions on currency exchange may limit our ability to utilize revenues generated in Renminbi to fund our business activities outside China, if any, or expenditures denominated in foreign currencies.

Foreign exchange transactions under the capital account are subject to limitations and require registration with or approval by the relevant PRC governmental authorities. In particular, any transfer of funds from us to any of our PRC subsidiaries, either as a shareholder loan or as an increase in registered capital, is subject to certain statutory limit requirements and registration or approval of the relevant PRC governmental authorities, including the relevant administration of foreign exchange and/or the relevant examining and approval authority. Our ability to use the U.S. dollar proceeds of the sale of our equity or debt to finance our business activities conducted through our PRC subsidiaries will depend on our ability to obtain these governmental registrations or approvals. In addition, because of the regulatory issues related to foreign currency loans to, and foreign investment in, domestic PRC enterprises, we may not be able to finance the operations of our PRC subsidiaries by loans or capital contributions. We cannot assure you that we can obtain these governmental registrations or approvals on a timely basis, if at all.

The amount of cash denominated in RMB is approximately CNY10,738 (equivalent to $1,481) as of June 30, 2024.

Off-balance Sheet Commitments and Arrangements

As of June 30, 2024, we have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to our own shares and classified as shareholders’ equity, or that are not reflected in our consolidated financial statements.

Critical Accounting Policies

We prepare our financial statements in conformity with accounting principles generally accepted by the United States of America (“U.S. GAAP”), which require us to make judgments, estimates, and assumptions that affect our reported amount of assets, liabilities, revenue, costs and expenses, and any related disclosures. Although there were no material changes made to the accounting estimates and assumptions in the past three years, we continually evaluate these estimates and assumptions based on the most recently available information, our own historical experience and various other assumptions that we believe to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from our expectations as a result of changes in our estimates.

We believe that our accounting policies involve a higher degree of judgment and complexity in their application and require us to make significant accounting estimates. Accordingly, the policies we believe are the most critical to understanding and evaluating our consolidated financial condition and results of operations are summarized in “Note 3—Summary of Significant Accounting Policies” in the notes to our unaudited condensed consolidated financial statements.

GOING CONCERN UNCERTAINTIES

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is currently in a net liability position and incurred a net cash used in operating activities of $ 48,391 for the six months ended June 30, 2024 resulting in accumulated deficit of $309.154 and a working capital deficit of $153.369.

Recent accounting pronouncements

In November 2023, the FASB issued ASU 2023-07, Improvement to Reportable Segment Disclosures (Topic 280). ASU 2023-07 aims to improve segment disclosures through enhanced disclosures about significant segment expenses. The standard requires all public entities, including those public entities that have a single reportable segment, shall disclose all of the following for each period for which an income statement is presented. However, reconciliations of balance sheet amounts for reportable segments to consolidated balance sheet amounts are required only for each year for which a balance sheet is presented. This standard starts to be effective for the Company in fiscal year of 2024. The Company is currently evaluating the impact of the additional disclosure requirements on the Company’s condensed consolidated financial statements.

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

Emerging Growth Company and Smaller Reporting Company Status

As an emerging growth company under the Jumpstart Our Business Startups Act of 2012 (the JOBS Act), we can take advantage of an extended transition period for complying with new or revised accounting standards. This period allows an emerging growth company to delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore, our financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates. We also intend to rely on other exemptions provided by the JOBS Act, including without limitation, not being required to comply with the auditor attestation requirements of Section 404(b) of Sarbanes-Oxley.

We will remain an emerging growth company until the earliest of (i) the end of the fiscal year following the fifth anniversary of the completion of our initial public offering, (ii) the first fiscal year after our annual gross revenues exceed $1.235 billion, (iii) the date on which we have, during the immediately preceding three-year period, issued more than $1.0 billion in non-convertible debt securities or (iv) the end of any fiscal year in which the market value of our common stock held by non-affiliates exceeds $700 million as of the end of the second quarter of that fiscal year.

We are also a “smaller reporting company,” meaning that the market value of our stock held by non-affiliates plus the proposed aggregate amount of gross proceeds to us as a result of this offering is less than $700 million and our annual revenue is less than $100 million during the most recently completed fiscal year. We may continue to be a smaller reporting company if either (i) the market value of our stock held by non-affiliates is less than $250 million or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our stock held by non-affiliates is less than $700 million. If we are a smaller reporting company at the time we cease to be an emerging growth company, we may continue to rely on exemptions from certain disclosure requirements that are available to smaller reporting companies. Specifically, as a smaller reporting company we may choose to present only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10-K and, similar to emerging growth companies, smaller reporting companies have reduced disclosure obligations regarding executive compensation.

Item 3 Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

Item 4 Controls and Procedures.

Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer, of the effectiveness of our disclosure controls and procedures as of June 30, 2024. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive officer concluded that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties and effective risk assessment; (iii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines; and (iv) lack of internal audit function due to the fact that the Company lacks qualified resources to perform the internal audit functions properly and that the scope and effectiveness of the internal audit function are yet to be developed. The aforementioned material weaknesses were identified by our chief executive officer in connection with the review of our financial statements as of June 30, 2024.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The internal controls for the Company are provided by executive management’s review and approval of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

	1.	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

	2.	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and

	3.	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of June 30, 2024. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework. Management’s assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.

As of June 30, 2024, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in 2013 and SEC guidance on conducting such assessments. Based on such evaluation, the Company’s management concluded that, during the period covered by this Report, our internal control over financial reporting were not effective due to the presence of material weaknesses.

Management’s Remediation Initiatives

Since 2021, we engaged Dude Business Consultants Limited as an external consultant to assist with the identification and address of complex and proper accounting issues. Dude Business Consultants Limited has extensive experience on US listing and company reporting, including GAAP conversion, account consolidation and drafting of notes to accounts. Their professional team focus on national stock exchanges and OTC Markets listing, from corporate restructuring, supervision of listing timeline to strategy planning.

In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we also plan to initiate the following series of measures to further strengthen the Company’s internal controls going forward:

1.	hire a reporting manager (“Internal Finance Manager”) who has the requisite relevant U.S. GAAP and SEC reporting experience and qualifications;

2.	make an overall assessment on the current finance and accounting resources and hire additional accounting members with appropriate levels of accounting knowledge and experience;

3.	streamline our accounting department structure and enhance our staff’s U.S. GAAP and SEC reporting requirements on a continuous basis through internal training provided by the Internal Finance manager;

4.	participate in trainings and seminars provided by professional services firms on a regular basis to gain knowledge on regular U.S. GAAP / SEC reporting requirements updates; and

5.	engage an external “Sarbanes-Oxley 404” consulting firm to help us implement Sarbanes-Oxley 404 internal controls compliance together with the establishment of our internal audit function.

We anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2025.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended June 30, 2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings.

We are not subjected to nor engaged in any litigation, arbitration or claim of material importance, and no litigation, arbitration or claim of material importance is known to us to be pending or threatened by or against our Company that would have a material adverse effect on our Company’s results of operations or financial condition. Further, there are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to our Company.

Item 1A. Risk Factors.

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

During the fiscal quarter ended June 30, 2024, none of our officers or directors (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.

ITEM 6. Exhibits.

The information called for by this Item is incorporated herein by reference from the Exhibit Index included in this Quarterly Report on Form 10-Q.

Exhibit Number		Description
3.1		Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to the Registrant’s registration statement on Form S-1 (Commission File No. 333-252500) filed on June 3, 2021).

3.2		By-laws (incorporated by reference to Exhibit 3.2 to the Registrant’s registration statement on Form S-1 (Commission File No. 333-252500) filed on June 3, 2021).

31.1*		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer

32.1*		Section 1350 Certification of principal executive officer

101		Includes the following financial and related information from YCQH Agricultural Technology Co. Ltd’s Quarterly Report on Form 10-Q as of and for the quarter ended June 30, 2024, formatted in Inline Extensible Business Reporting Language (iXBRL): (1) the Consolidated Balance Sheets, (2) the Consolidated Statements of Income, (3) the Consolidated Statements of Comprehensive Income, (4) the Consolidated Statements of Changes in Stockholders’ Equity, (5) the Consolidated Statements of Cash Flows, and (6) Notes to Consolidated Financial Statements.

104		The cover page from this Quarterly Report on Form 10-Q, formatted in Inline XBRL.

* These exhibits are filed or furnished with this Quarterly Report on Form 10-Q.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	YCQH Agricultural Technology Co. Ltd (Registrant)

Date: August 23, 2024	By:	/s/ Wang Min
	Name:	Wang Min
	Title:	Chief Executive Officer, President, Secretary, Treasurer, and Director (signing on behalf of the Registrant and as a Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer of the Registrant)

EXHIBIT 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, WANG MIN, certify that:

1. I have reviewed this quarterly report on Form 10-Q of YCQH Agricultural Technology Co. Ltd (the “Company”) for the quarter ended June 30, 2024;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 23, 2024	By:	/s/ WANG MIN
		WANG MIN
		Chief Executive Officer, President, Secretary, Treasurer, Director
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

EXHIBIT 32.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of YCQH Agricultural Technology Co. Ltd (the “Company”) on Form 10-Q for the period ending June 30, 2024 as filed with the U.S. Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge, that:

	(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: August 23, 2024	By:	/s/ WANG MIN
		WANG MIN
		Chief Executive Officer, President, Secretary, Treasurer, Director
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

The foregoing certifications are being furnished solely pursuant to 18 U.S.C. Section 1350 and are not being filed as part of the Report or as a separate disclosure document.

Cover - $ / shares	6 Months Ended
Cover - $ / shares	Jun. 30, 2024	Aug. 22, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	333-252500
Entity Registrant Name	YCQH AGRICULTURAL TECHNOLOGY CO. LTD
Entity Central Index Key	0001794276
Entity Tax Identification Number	61-1948707
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	No.1002, Block 2, No.5
Entity Address, Address Line Two	Annex 5, No.188
Entity Address, Address Line Three	Beizhan East Road
Entity Address, City or Town	Shapingba District, Chongqing
Entity Address, Country	CN
Entity Address, Postal Zip Code	400030
City Area Code	(+86)
Local Phone Number	13981161812
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		101,400,000
Entity Listing, Par Value Per Share	$ 0.0001

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,481	$ 95,938
Inventories	105,138	113,688
Prepayment, deposits and other receivables	209,547	132,747
Total current assets	316,166	342,373
Non-current Assets
Right-of-use assets, net		34,954
Total non-current assets		34,954
TOTAL ASSETS	316,166	377,327
Current liabilities
Trade payables	2,247	12,597
Other payables and accrued liabilities	11,969	32,242
Deferred revenue	159	14,782
Amount due to a director	455,160	501,890
Lease liability – current portion		34,954
Total current liabilities	469,535	596,465
TOTAL LIABILITIES	469,535	596,465
STOCKHOLDERS’ DEFICIT
Common stock, $0.0001 par value; 800,000,000 shares authorized; 101,400,000 shares of common stock issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	10,140	10,140
Additional paid-in capital	148,860	148,860
Accumulated other comprehensive income	(3,215)	1,860
Accumulated deficit	(309,154)	(379,998)
TOTAL STOCKHOLDERS’ DEFICIT	(153,369)	(219,138)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 316,166	$ 377,327

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	101,400,000	101,400,000
Common stock, shares outstanding	101,400,000	101,400,000

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
REVENUE	$ 2,539	$ 1,677	$ 292,405	$ 155,971
COST OF REVENUE	(220)	(147)	(65,117)	(33,717)
GROSS PROFIT	2,319	1,530	227,288	122,254
OPERATING EXPENSES
Selling and distribution	(48,619)		(51,058)	(495)
General and administrative	(31,703)	(96,821)	(98,694)	(146,968)
PROFIT (LOSS) FROM OPERATION BEFORE INCOME TAX	(78,003)	(95,291)	77,536	(25,209)
INTEREST INCOME	15	14	83	64
OTHER INCOME	1,379		1,379
PROFIT (LOSS) BEFORE INCOME TAX	(76,609)	(95,277)	78,998	(25,145)
INCOME TAX EXPENSES	(8,154)		(8,154)	(238)
NET INCOME (LOSS)	(84,763)	(95,277)	70,844	(25,383)
Other comprehensive income:
- Foreign currency translation loss	(2,373)	(8,636)	(5,075)	(8,149)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (87,136)	$ (103,913)	$ 65,769	$ (33,532)
NET LOSS PER SHARE, BASIC	$ (0.00)	$ (0.00)	$ 0.00	$ (0.00)
NET LOSS PER SHARE, DILUTED	$ (0.00)	$ (0.00)	$ 0.00	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC	101,400,000	101,400,000	101,400,000	101,400,000
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, DILUTED	101,400,000	101,400,000	101,400,000	101,400,000

Condensed Consolidated Statement of Shareholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2022	$ 10,140	$ 148,860	$ (389,987)	$ 7,869	$ (223,118)
Balance, shares at Dec. 31, 2022	101,400,000
Net profit (loss) for the period			69,894		69,894
Foreign currency translation				487	487
Balance at Mar. 31, 2023	$ 10,140	148,860	(320,093)	8,356	(152,737)
Balance, shares at Mar. 31, 2023	101,400,000
Balance at Dec. 31, 2022	$ 10,140	148,860	(389,987)	7,869	(223,118)
Balance, shares at Dec. 31, 2022	101,400,000
Net profit (loss) for the period					(25,383)
Balance at Jun. 30, 2023	$ 10,140	148,860	(415,370)	(280)	(256,650)
Balance, shares at Jun. 30, 2023	101,400,000
Balance at Mar. 31, 2023	$ 10,140	148,860	(320,093)	8,356	(152,737)
Balance, shares at Mar. 31, 2023	101,400,000
Net profit (loss) for the period			(95,277)		(95,277)
Foreign currency translation				(8,636)	(8,636)
Balance at Jun. 30, 2023	$ 10,140	148,860	(415,370)	(280)	(256,650)
Balance, shares at Jun. 30, 2023	101,400,000
Balance at Dec. 31, 2023	$ 10,140	148,860	(379,998)	1,860	(219,138)
Balance, shares at Dec. 31, 2023	101,400,000
Net profit (loss) for the period			155,607		155,607
Foreign currency translation				(2,702)	(2,702)
Balance at Mar. 31, 2024	10,140	148,860	(224,391)	(842)	(66,233)
Balance at Dec. 31, 2023	$ 10,140	148,860	(379,998)	1,860	(219,138)
Balance, shares at Dec. 31, 2023	101,400,000
Net profit (loss) for the period					70,844
Balance at Jun. 30, 2024	$ 10,140	148,860	(309,154)	3,215	(153,369)
Balance, shares at Jun. 30, 2024	101,400,000
Balance at Mar. 31, 2024	$ 10,140	148,860	(224,391)	(842)	(66,233)
Net profit (loss) for the period			(84,763)		(84,763)
Foreign currency translation				2,373	2,373
Balance at Jun. 30, 2024	$ 10,140	$ 148,860	$ (309,154)	$ 3,215	$ (153,369)
Balance, shares at Jun. 30, 2024	101,400,000

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit/(loss)	$ 70,844	$ (25,383)
Adjustments to reconcile net profit to net cash used in operating activities:
Change in operating lease ROU assets	34,293	19,070
Depreciation and amortization		129
Changes in operating assets and liabilities:
Inventories	5,819	31,523
Prepayment, deposits and other receivables	(80,541)	(192,035)
Other payables and accrued liabilities	(20,134)	4,735
Deferred revenue	(14,440)	(113,221)
Change in lease liability	(34,293)	(19,070)
Account payables	(9,939)
Net cash used in operating activities	(48,391)	(294,252)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant and equipment		(369)
Purchase of intangible asset		(6,245)
Net cash used in investing activities		(6,614)
CASH FLOWS FROM FINANCING ACTIVITIES:
Amount due to director	(44,325)	126,502
Net cash provided by (used in) financing activities	(44,325)	126,502
Effect of exchange rate changes on cash and cash equivalents	(1,741)	(13,487)
Net decrease in cash and cash equivalents	(94,457)	(187,851)
Cash and cash equivalents, beginning of period	95,938	232,706
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,481	44,855
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes	8,154
Cash paid for interest paid

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (84,763)	$ 155,607	$ (95,277)	$ 69,894	$ 70,844	$ (25,383)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND BUSINESS BACKGROUND

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BUSINESS BACKGROUND

1. ORGANIZATION AND BUSINESS BACKGROUND

Company name	Place/date of incorporation	Principal activities
YCQH Holding Limited (“YCQH Seychelles”)	Seychelles / October 11, 2019	Investment holding

YCQH Agricultural Technology Co. Limited (“YCQH HK”)	Hong Kong / October 10, 2019	Investment holding

YCWB Agricultural Technology Co. Limited (“YCWB”)	ChongQing Province, China/December 10, 2019	Operates in bio-carbon-based fertilizer trading business

SCQC Agriculture Co. Limited(“SCQC”)	SiChuan Province, China/November 1, 2019 (acquired on June 15, 2020)	Operates in bio-carbon-based fertilizer trading business and daily use products online retailing business

On December 10, 2019, the YCQH HK incorporated YCWB Agricultural Technology Co. Limited, a wholly foreign owned enterprise, in SiChuan Province, China, with Ms. Wang Min as the legal representative.

The Company’s executive office is located at No.1002, Block 2, No.5, Annex 5, No.188, Beizhan East Road, Shapingba District, Chongqing, China.

BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

2. BASIS OF PRESENTATION

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of estimates

Cash and Cash Equivalents

Prepayment, Deposits and Other Receivables

Lease

Revenue Recognition

The Company generates two streams of revenue.

(i) identification of the promised goods and services in the contract;

(ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract;

(iii) measurement of the transaction price, including the constraint on variable consideration;

(iv) allocation of the transaction price to the performance obligations; and

(v) recognition of revenue when (or as) the Company satisfies each performance obligation.

Deferred revenue

Shipping, Storage and Handling costs

Advertising costs

Earnings Per Share

Inventories

During the last quarter of 2023, we transitioned to purchasing stock from several suppliers and outsource the inventory warehouse to few suppliers and we are liable for the inventory risk hence we are principal in this extent. Our inventory is stored and managed at the facilities of third-party logistics providers. These arrangements involve contractual agreements outlining the terms of storage, handling, and distribution of our inventory. Besides, the third-party logistics providers are responsible for maintaining the quality and condition of the inventory in accordance with our specifications.

Related parties

Income Taxes

Foreign Currency Translation

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

	As of and for the six months ended		As of and for the six months ended
	June 30, 2024		June 30, 2023
Period-end HK$ : US$1 exchange rate		7.81		7.75
Period-end CNY¥ : US$1 exchange rate		7.27		7.25
Period-average HK$ : US$1 exchange rate		7.82		7.75
Period-average CNY¥: US$1 exchange rate		7.21		6.97

Fair Value Measurement

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently issued accounting pronouncements

Economic and political risks

GOING CONCERN UNCERTAINTIES

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN UNCERTAINTIES

4. GOING CONCERN UNCERTAINTIES

INVENTORIES

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES

5. INVENTORIES

As of June 30, 2024 and December 31, 2023, the Company inventories consist of following:

SCHEDULE OF INVENTORIES

	As of June 30, 2024		As of December 31, 2023
Finished goods	$	105,138	$	113,688

Total inventories	$	105,138	$	113,688

No allowance has been provided for the six months ended June 30, 2024.

PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

6 Months Ended

Jun. 30, 2024

Prepayment Deposits And Other Receivables

PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

6. PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

As of June 30, 2024 and December 31, 2023, prepayment, deposits and other receivables consist of following:

	As of June 30, 2024		As of December 31, 2023
Deposits for Hong Kong Company Secretary	$	13	$	13
Staff Advancement & Prepaid Staff Cost		101,268		9,810
Rental Deposit & Prepayment		1,512		13,498
Supplier Deposit & Prepayment		101,454		107,581
Prepaid transfer agent fee and OTCIQ renewal		5,300		1,845
Total prepayment, deposits and other receivables	$	209,547	$	132,747

OTHER PAYABLES AND ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

OTHER PAYABLES AND ACCRUED LIABILITIES

7. OTHER PAYABLES AND ACCRUED LIABILITIES

As of June 30, 2024 and December 31, 2023, other payables and accrued liabilities consist of the following:

	As of June 30, 2024		As of December 31, 2023
Other payables	$	1,669	$	3,047
Accrued audit fee		10,300		28,550
Accrued professional fee		-		645
Total other payables and accrued liabilities	$	11,969	$	32,242

AMOUNT DUE TO A DIRECTOR

6 Months Ended

Jun. 30, 2024

Amount Due To Director

AMOUNT DUE TO A DIRECTOR

8. AMOUNT DUE TO A DIRECTOR

SCHEDULE OF RELATED PARTY TRANSACTION

As of

June 30, 2024

As of

December 31, 2023

Amount due to a director

455,160

501,890

SHAREHOLDERS’ EQUITY

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

SHAREHOLDERS’ EQUITY

9. SHAREHOLDERS’ EQUITY

As of June 30, 2024 and December 31, 2023, the Company has 101,400,000 shares and 101,400,000 shares of common stock issued and outstanding, respectively.

During the six months ended June 30, 2024, the Company has not issued any shares.

The Company has 800,000,000 shares of commons stock and 200,000,000 shares of preference stock authorized, no share of preference stock issued and outstanding.

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

6 Months Ended

Jun. 30, 2024

Lease Right-of-use Asset And Lease Liabilities

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

10. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

As of December 31, 2023, operating lease right-of-use assets as follows:

Right-of-use assets, net as of December 31, 2022	$	79,394
Amortization for the period ended November 30, 2023		(36,159	)
Right-of-use assets as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Amortization of December 31, 2023		(3,109	)
Foreign exchange translation		(2,022	)
Right-of-use assets, net as of December 31, 2023	$	34,954

As of December 31, 2023, operating lease liability as follows:

Lease liability as of December 31, 2022	$	79,394
Add: imputed interest for the period ended November 30, 2023		2,509
Less: gross repayment for the period ended November 30, 2023		(38,668	)
Operating lease liability as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Add: imputed interest of December 31, 2023		138
Less: gross repayment of December 31, 2023		(3,247	)
Foreign exchange translation		(2,022	)
Lease liability as of December 31, 2023	$	34,954

CONCENTRATION OF RISK

6 Months Ended

Jun. 30, 2024

Risks and Uncertainties [Abstract]

CONCENTRATION OF RISK

11. CONCENTRATION OF RISK

Customer Concentration

SCHEDULE OF CUSTOMER CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	1,148	$	-		45	%		-		$	-	$	-
Customer B		1,148		-		45	%		-			-		-
Others		243		1,677		10	%		100	%		-		-
Total	$	2,539	$	1,677		100	%		100	%	$	-	$	-

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	-	$	21,672		-			14	%	$	-	$	-
Customer B		58,481		-		20	%		-			-		-
Customer C		38,013		-		13	%		-			-		-
Others		195,911		134,299		67	%		86	%		-		-
Total	$	292,405	$	155,971		100	%		100	%	$	-	$	-

Vendor Concentration

SCHEDULE OF VENDOR CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Cost of revenue				Percentage of Cost of revenue						Accounts payable, trade
Vendor A	$	-	$	147		-			100	%	$	-	$	-
Others		220		-		100	%		-			-		-
Total	$	220	$	147		100	%		100	%	$	-	$	-

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts payable, trade
Vendor A	$	-	$	33,570		-			100	%	$	-	$	-
Vendor B		7,603		-		12	%		-			-		-
Vendor C		10,940		-		17	%		-			-		-
Vendor D		21,173		-		32	%		-			-		-
Others		25,401		147		39	%		-			-		-
Total	$	65,117	$	33,717		100	%		100	%	$	-	$	-

INCOME TAXES

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

12. INCOME TAXES

YCQH Holding Limited was incorporated in the Republic of Seychelles and, under the laws of Seychelles, is not subject to income taxes.

Effective and Statutory Rate Reconciliation

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates.

The following table summarizes a reconciliation of the Company’s income taxes expenses:

	2024			2023
	For the Six Months Ended June 30
	2024			2023
Computed expected expenses/(benefits)		25	%		(25	%)
Effect of foreign tax rate difference		1	%		4	%
Deferred tax assets not recognized		30	%		61	%
Temporary difference not recognized		(46	%)		(39	%)
Income tax expense		10	%		1	%

	2024			2023
	For the Six Months Ended June 30
	2024			2023
PRC statutory tax rate		25	%		25	%
Computed expected expenses/(benefits)		17,852			(6,346	)
Effect of foreign tax rate difference		946			1,020
Deferred tax assets not recognized		24,040			15,492
Temporary difference not recognized		(34,684	)		(9,928	)
Income tax expense		8,154			238

The following table sets forth the significant components of the aggregate deferred tax assets of the Company:

SCHEDULE OF DEFERRED TAX ASSETS

	As of June 30, 2024			As of December 31, 2023
Deferred tax assets:

Net operating loss carry forwards
- United States of America	$	77,344		$	72,534
- Hong Kong		805			790
- People Republic China		31,478			25,201

Less: valuation allowance		(109,627	)		(98,525	)
Deferred tax assets	$	-		$	-

SEGMENT REPORTING

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

13. SEGMENT REPORTING

SCHEDULE OF SEGMENT REPORTING


	For the Six Months Ended and As of June 30, 2024
By Business Unit	BCBF Trading Business			Online Retailing Business			Total
Revenue	$	16		$	292,389		$	292,405

Cost of revenue		(10	)		(65,107	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		-			(98,694	)		(98,694	)

Profit from operations		6			77,530			77,536

Total assets	$	316,166			-		$	316,166
Capital expenditure		-			-			-


	For the Six Months Ended and As of June 30, 2023
By Business Unit	BCBF Trading Business			Online Retailing Business			Beauty Products Trading Business			Total
Revenue	$	57,622		$	97,077		$	1,272		$	155,971

Cost of revenue		(33,570	)		-			(147	)		(33,717	)
Selling and distribution expenses		(495	)		-			-			(495	)
General and administrative expenses		(83,457	)		(21,245	)		(42,266	)		(146,968	)

Profit (loss) from operations		(59,900	)		75,832			(41,141	)		(25,209	)

Total assets	$	261,377		$	-		$	82,628		$	344,005
Capital expenditure	$	-		$	-		$	6,614		$	6,614

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2024
By Country	United States			China			Total
Revenue	$	-		$	292,405		$	292,405

Cost of revenue		-			(65,117	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		(22,906	)		(75,788	)		(98,694	)

Profit (loss) from operations		(22,906	)		100,442			77,536

Total assets	$	5,551		$	310,615		$	316,166
Capital expenditure	$	-		$	-		$	-

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2023
By Country	United States			China			Total
Revenue	$	-		$	155,971		$	155,971

Cost of revenue		-			(33,717	)		(33,717	)
Selling and distribution expenses		-			(495	)		(495	)
General and administrative expenses		(24,604	)		(122,364	)		(146,968	)

Loss from operations		(24,604	)		(605	)		(25,209	)

Total assets	$	15,454		$	328,551		$	344,005
Capital expenditure	$	-		$	6,614		$	6,614

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Use of estimates

Cash and Cash Equivalents

Prepayment, Deposits and Other Receivables

Lease

Revenue Recognition

The Company generates two streams of revenue.

(i) identification of the promised goods and services in the contract;

(ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract;

(iii) measurement of the transaction price, including the constraint on variable consideration;

(iv) allocation of the transaction price to the performance obligations; and

(v) recognition of revenue when (or as) the Company satisfies each performance obligation.

Deferred revenue

Shipping, Storage and Handling costs

Advertising costs

Earnings Per Share

Inventories

During the last quarter of 2023, we transitioned to purchasing stock from several suppliers and outsource the inventory warehouse to few suppliers and we are liable for the inventory risk hence we are principal in this extent. Our inventory is stored and managed at the facilities of third-party logistics providers. These arrangements involve contractual agreements outlining the terms of storage, handling, and distribution of our inventory. Besides, the third-party logistics providers are responsible for maintaining the quality and condition of the inventory in accordance with our specifications.

Related parties

Income Taxes

Foreign Currency Translation

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

	As of and for the six months ended		As of and for the six months ended
	June 30, 2024		June 30, 2023
Period-end HK$ : US$1 exchange rate		7.81		7.75
Period-end CNY¥ : US$1 exchange rate		7.27		7.25
Period-average HK$ : US$1 exchange rate		7.82		7.75
Period-average CNY¥: US$1 exchange rate		7.21		6.97

Fair Value Measurement

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently issued accounting pronouncements

Economic and political risks

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF FOREIGN CURRENCIES TRANSLATION

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

	As of and for the six months ended		As of and for the six months ended
	June 30, 2024		June 30, 2023
Period-end HK$ : US$1 exchange rate		7.81		7.75
Period-end CNY¥ : US$1 exchange rate		7.27		7.25
Period-average HK$ : US$1 exchange rate		7.82		7.75
Period-average CNY¥: US$1 exchange rate		7.21		6.97

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORIES

As of June 30, 2024 and December 31, 2023, the Company inventories consist of following:

SCHEDULE OF INVENTORIES

	As of June 30, 2024		As of December 31, 2023
Finished goods	$	105,138	$	113,688

Total inventories	$	105,138	$	113,688

PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2024

Prepayment Deposits And Other Receivables

SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

As of June 30, 2024 and December 31, 2023, prepayment, deposits and other receivables consist of following:

	As of June 30, 2024		As of December 31, 2023
Deposits for Hong Kong Company Secretary	$	13	$	13
Staff Advancement & Prepaid Staff Cost		101,268		9,810
Rental Deposit & Prepayment		1,512		13,498
Supplier Deposit & Prepayment		101,454		107,581
Prepaid transfer agent fee and OTCIQ renewal		5,300		1,845
Total prepayment, deposits and other receivables	$	209,547	$	132,747

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES

As of June 30, 2024 and December 31, 2023, other payables and accrued liabilities consist of the following:

	As of June 30, 2024		As of December 31, 2023
Other payables	$	1,669	$	3,047
Accrued audit fee		10,300		28,550
Accrued professional fee		-		645
Total other payables and accrued liabilities	$	11,969	$	32,242

AMOUNT DUE TO A DIRECTOR (Tables)

6 Months Ended

Jun. 30, 2024

Amount Due To Director

SCHEDULE OF RELATED PARTY TRANSACTION

As of

June 30, 2024

As of

December 31, 2023

Amount due to a director

455,160

501,890

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2024

Lease Right-of-use Asset And Lease Liabilities

SCHEDULE OF OPERATING LEASE RIGHT AND LEASE LIABILITY

As of December 31, 2023, operating lease right-of-use assets as follows:

Right-of-use assets, net as of December 31, 2022	$	79,394
Amortization for the period ended November 30, 2023		(36,159	)
Right-of-use assets as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Amortization of December 31, 2023		(3,109	)
Foreign exchange translation		(2,022	)
Right-of-use assets, net as of December 31, 2023	$	34,954

As of December 31, 2023, operating lease liability as follows:

Lease liability as of December 31, 2022	$	79,394
Add: imputed interest for the period ended November 30, 2023		2,509
Less: gross repayment for the period ended November 30, 2023		(38,668	)
Operating lease liability as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Add: imputed interest of December 31, 2023		138
Less: gross repayment of December 31, 2023		(3,247	)
Foreign exchange translation		(2,022	)
Lease liability as of December 31, 2023	$	34,954

CONCENTRATION OF RISK (Tables)

6 Months Ended

Jun. 30, 2024

Risks and Uncertainties [Abstract]

SCHEDULE OF CUSTOMER CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	1,148	$	-		45	%		-		$	-	$	-
Customer B		1,148		-		45	%		-			-		-
Others		243		1,677		10	%		100	%		-		-
Total	$	2,539	$	1,677		100	%		100	%	$	-	$	-

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts receivable, trade
Customer A	$	-	$	21,672		-			14	%	$	-	$	-
Customer B		58,481		-		20	%		-			-		-
Customer C		38,013		-		13	%		-			-		-
Others		195,911		134,299		67	%		86	%		-		-
Total	$	292,405	$	155,971		100	%		100	%	$	-	$	-

SCHEDULE OF VENDOR CONCENTRATION RISK

	For the three months ended June 30
	2024		2023		2024			2023			2024		2023
	Cost of revenue				Percentage of Cost of revenue						Accounts payable, trade
Vendor A	$	-	$	147		-			100	%	$	-	$	-
Others		220		-		100	%		-			-		-
Total	$	220	$	147		100	%		100	%	$	-	$	-

	For the six months ended June 30
	2024		2023		2024			2023			2024		2023
	Revenues				Percentage of revenues						Accounts payable, trade
Vendor A	$	-	$	33,570		-			100	%	$	-	$	-
Vendor B		7,603		-		12	%		-			-		-
Vendor C		10,940		-		17	%		-			-		-
Vendor D		21,173		-		32	%		-			-		-
Others		25,401		147		39	%		-			-		-
Total	$	65,117	$	33,717		100	%		100	%	$	-	$	-

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

The following table summarizes a reconciliation of the Company’s income taxes expenses:

	2024			2023
	For the Six Months Ended June 30
	2024			2023
Computed expected expenses/(benefits)		25	%		(25	%)
Effect of foreign tax rate difference		1	%		4	%
Deferred tax assets not recognized		30	%		61	%
Temporary difference not recognized		(46	%)		(39	%)
Income tax expense		10	%		1	%

	2024			2023
	For the Six Months Ended June 30
	2024			2023
PRC statutory tax rate		25	%		25	%
Computed expected expenses/(benefits)		17,852			(6,346	)
Effect of foreign tax rate difference		946			1,020
Deferred tax assets not recognized		24,040			15,492
Temporary difference not recognized		(34,684	)		(9,928	)
Income tax expense		8,154			238

SCHEDULE OF DEFERRED TAX ASSETS

The following table sets forth the significant components of the aggregate deferred tax assets of the Company:

SCHEDULE OF DEFERRED TAX ASSETS

	As of June 30, 2024			As of December 31, 2023
Deferred tax assets:

Net operating loss carry forwards
- United States of America	$	77,344		$	72,534
- Hong Kong		805			790
- People Republic China		31,478			25,201

Less: valuation allowance		(109,627	)		(98,525	)
Deferred tax assets	$	-		$	-

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING


	For the Six Months Ended and As of June 30, 2024
By Business Unit	BCBF Trading Business			Online Retailing Business			Total
Revenue	$	16		$	292,389		$	292,405

Cost of revenue		(10	)		(65,107	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		-			(98,694	)		(98,694	)

Profit from operations		6			77,530			77,536

Total assets	$	316,166			-		$	316,166
Capital expenditure		-			-			-


	For the Six Months Ended and As of June 30, 2023
By Business Unit	BCBF Trading Business			Online Retailing Business			Beauty Products Trading Business			Total
Revenue	$	57,622		$	97,077		$	1,272		$	155,971

Cost of revenue		(33,570	)		-			(147	)		(33,717	)
Selling and distribution expenses		(495	)		-			-			(495	)
General and administrative expenses		(83,457	)		(21,245	)		(42,266	)		(146,968	)

Profit (loss) from operations		(59,900	)		75,832			(41,141	)		(25,209	)

Total assets	$	261,377		$	-		$	82,628		$	344,005
Capital expenditure	$	-		$	-		$	6,614		$	6,614

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2024
By Country	United States			China			Total
Revenue	$	-		$	292,405		$	292,405

Cost of revenue		-			(65,117	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		(22,906	)		(75,788	)		(98,694	)

Profit (loss) from operations		(22,906	)		100,442			77,536

Total assets	$	5,551		$	310,615		$	316,166
Capital expenditure	$	-		$	-		$	-

By Country	United States			China			Total
	For the Six Months Ended and As of June 30, 2023
By Country	United States			China			Total
Revenue	$	-		$	155,971		$	155,971

Cost of revenue		-			(33,717	)		(33,717	)
Selling and distribution expenses		-			(495	)		(495	)
General and administrative expenses		(24,604	)		(122,364	)		(146,968	)

Loss from operations		(24,604	)		(605	)		(25,209	)

Total assets	$	15,454		$	328,551		$	344,005
Capital expenditure	$	-		$	6,614		$	6,614

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative)	Apr. 19, 2023 USD ($)	Apr. 19, 2023 CNY (¥)	Jun. 15, 2020 USD ($)	Jun. 15, 2020 CNY (¥)	Sep. 25, 2023 $ / shares	Sep. 25, 2023 ¥ / shares	Jun. 15, 2020 CNY (¥)
SCQC Agriculture Co. Limited [Member]
Restructuring Cost and Reserve [Line Items]
Fair value of consideration paid			$ 165,605	¥ 1,169,996
Total net book value			$ 165,401				¥ 1,168,554
XMYC Trading Co. Limited [Member]
Restructuring Cost and Reserve [Line Items]
Fair value of consideration paid	$ 68,931	¥ 500,000
Per share price \| (per share)					$ 0.01	¥ 0.1

SCHEDULE OF FOREIGN CURRENCIES TRANSLATION (Details)	Jun. 30, 2024	Jun. 30, 2023
Period-end HK$ : US1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Period-average CNY¥: US$1 exchange rate	7.81	7.75
Period-end CNY¥ : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Period-average CNY¥: US$1 exchange rate	7.27	7.25
Period-average HK$ : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Period-average CNY¥: US$1 exchange rate	7.82	7.75
Period-average CNY¥ : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Period-average CNY¥: US$1 exchange rate	7.21	6.97

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Mar. 05, 2024 USD ($)	Mar. 05, 2024 CNY (¥)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Allowance for doubtful accounts			$ 0		$ 0
Incremental borrowing rate			4.75%
Monthly rental payment \| ¥		¥ 9,000
Deferred revenue			$ 159	$ 14,782
Tenancy Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Monthly rental payment	$ 1,258
Lease term	2 years	2 years

GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net cash used in operating activities	$ 48,391	$ 294,252
Accumulated deficit	309,154		$ 379,998
Working capital deficit	$ 153,369

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 105,138	$ 113,688
Total inventories	$ 105,138	$ 113,688

INVENTORIES (Details Narrative)	Jun. 30, 2024 USD ($)
Inventory Disclosure [Abstract]
Inventories allowance	$ 0

SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Prepayment Deposits And Other Receivables
Deposits for Hong Kong Company Secretary	$ 13	$ 13
Staff Advancement & Prepaid Staff Cost	101,268	9,810
Rental Deposit & Prepayment	1,512	13,498
Supplier Deposit & Prepayment	101,454	107,581
Prepaid transfer agent fee and OTCIQ renewal	5,300	1,845
Total prepayment, deposits and other receivables	$ 209,547	$ 132,747

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Other payables	$ 1,669	$ 3,047
Accrued audit fee	10,300	28,550
Accrued professional fee		645
Total other payables and accrued liabilities	$ 11,969	$ 32,242

SCHEDULE OF RELATED PARTY TRANSACTION (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Amount Due To Director
Amount due to a director	$ 455,160	$ 501,890

AMOUNT DUE TO A DIRECTOR (Details Narrative) - USD ($)	6 Months Ended
AMOUNT DUE TO A DIRECTOR (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Outstanding payable	$ 455,160		$ 501,890
Repaid, net amount	44,325	$ (126,502)
Director [Member]
Defined Benefit Plan Disclosure [Line Items]
Outstanding payable	455,160
Wang Min [Member]
Defined Benefit Plan Disclosure [Line Items]
Repaid, net amount	$ 46,730

SHAREHOLDERS’ EQUITY (Details Narrative) - shares	Jun. 30, 2024	Dec. 31, 2023
Equity [Abstract]
Common stock, shares issued	101,400,000	101,400,000
Common stock, shares outstanding	101,400,000	101,400,000
Common stock, shares authorized	800,000,000	800,000,000
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

SCHEDULE OF OPERATING LEASE RIGHT AND LEASE LIABILITY (Details) - USD ($)	1 Months Ended	11 Months Ended
	Dec. 31, 2023	Nov. 30, 2023
Lease Right-of-use Asset And Lease Liabilities
Right-of-use assets, ending balance	$ 43,235	$ 79,394
Amortization	(3,109)	(36,159)
Reassessment of lease	(3,150)
Foreign exchange translation	(2,022)
Right-of-use assets, net	34,954	43,235
Right-of-use assets, Balance	43,235	79,394
Operating lease liability imputed interest	138	2,509
Less: gross repayment	(3,247)	(38,668)
Reassessment of lease	(3,150)
Foreign exchange translation	(2,022)
Lease liability, Balance	$ 34,954	$ 43,235

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Details Narrative)	Mar. 05, 2024 USD ($)	Mar. 05, 2024 CNY (¥)	Dec. 01, 2023 USD ($)	Dec. 01, 2023 CNY (¥)	Dec. 01, 2022 USD ($) m²	Dec. 01, 2022 CNY (¥) m²
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Monthly rental amount \| ¥		¥ 9,000
Tenancy Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Monthly rental amount \| $	$ 1,258
Lease term	2 years	2 years
Tenancy Agreement [Member] \| SCQC Agriculture Co. Limited [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Area of land \| m²					232	232
Monthly rental amount	$ 1,258	¥ 9,000	$ 3,241	¥ 23,000	$ 3,604	¥ 24,900
Lease term	2 years	2 years			2 years	2 years

SCHEDULE OF CUSTOMER CONCENTRATION RISK (Details) - Revenue Benchmark [Member] - Product Concentration Risk [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Concentration Risk [Line Items]
Percentage of revenue	100.00%	100.00%	100.00%	100.00%
Customer A [Member]
Concentration Risk [Line Items]
Revenues	$ 1,148			$ 21,672
Percentage of revenue	45.00%			14.00%
Accounts receivable, trade
Customer B [Member]
Concentration Risk [Line Items]
Revenues	$ 1,148		$ 58,481
Percentage of revenue	45.00%		20.00%
Accounts receivable, trade
Other Customer [Member]
Concentration Risk [Line Items]
Revenues	$ 243	$ 1,677	$ 195,911	$ 134,299
Percentage of revenue	10.00%	100.00%	67.00%	86.00%
Accounts receivable, trade
Customers [Member]
Concentration Risk [Line Items]
Revenues	$ 2,539	$ 1,677	$ 292,405	$ 155,971
Percentage of revenue	100.00%	100.00%	100.00%	100.00%
Accounts receivable, trade
Customer C [Member]
Concentration Risk [Line Items]
Revenues			$ 38,013
Percentage of revenue			13.00%
Accounts receivable, trade

SCHEDULE OF VENDOR CONCENTRATION RISK (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Concentration Risk [Line Items]
Cost of revenues			$ 65,117	$ 33,717
Product Concentration Risk [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues	$ 220	$ 147	$ 65,117	$ 33,717
Percentage of cost of revenue	100.00%	100.00%	100.00%	100.00%
Accounts payable trade
Product Concentration Risk [Member] \| Vendor A [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues		$ 147		$ 33,570
Percentage of cost of revenue		100.00%		100.00%
Accounts payable trade
Product Concentration Risk [Member] \| Vender Other [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues	$ 220		$ 25,401	$ 147
Percentage of cost of revenue	100.00%		39.00%
Accounts payable trade
Product Concentration Risk [Member] \| Vendor B [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues			$ 7,603
Percentage of cost of revenue			12.00%
Accounts payable trade
Product Concentration Risk [Member] \| Vendor C [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues			$ 10,940
Percentage of cost of revenue			17.00%
Accounts payable trade
Product Concentration Risk [Member] \| Vendor D [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Cost of revenues			$ 21,173
Percentage of cost of revenue			32.00%
Accounts payable trade

CONCENTRATION OF RISK (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
CONCENTRATION OF RISK (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Concentration Risk [Line Items]
Cost of Revenue			$ 65,117	$ 33,717
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Two Customer [Member]
Concentration Risk [Line Items]
Total revenue	$ 2,539	$ 1,677	292,405
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| One Customer [Member]
Concentration Risk [Line Items]
Total revenue				155,971
Revenue Benchmark [Member] \| Product Concentration Risk [Member]
Concentration Risk [Line Items]
Cost of Revenue	$ 220	$ 147	65,117	$ 33,717
Revenue Benchmark [Member] \| Product Concentration Risk [Member] \| Three Vendors [Member]
Concentration Risk [Line Items]
Cost of Revenue			$ 65,117

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Computed expected expenses/(benefits)			25.00%	25.00%
Effect of foreign tax rate difference			1.00%	4.00%
Deferred tax assets not recognized			30.00%	61.00%
Temporary difference not recognized			(46.00%)	(39.00%)
Income tax expense			10.00%	1.00%
PRC statutory tax rate			25.00%	25.00%
Computed expected expenses/(benefits)			$ 17,852	$ (6,346)
Effect of foreign tax rate difference			946	1,020
Deferred tax assets not recognized			24,040	15,492
Temporary difference not recognized			(34,684)	(9,928)
Income tax expense	$ 8,154		$ 8,154	$ 238

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Less: valuation allowance	$ (109,627)	$ (98,525)
Deferred tax assets
UNITED STATES
Deferred tax assets, net operating loss carryforwards	77,344	72,534
HONG KONG
Deferred tax assets, net operating loss carryforwards	805	790
CHINA
Deferred tax assets, net operating loss carryforwards	$ 31,478	$ 25,201

INCOME TAXES (Details Narrative) $ in Millions	6 Months Ended
INCOME TAXES (Details Narrative) $ in Millions	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 HKD ($)	Jun. 30, 2023	Dec. 31, 2023 USD ($)
Foreign income tax rate	(1.00%)	(1.00%)	(1.00%)	(4.00%)
Income tax rate	10.00%	10.00%	10.00%	1.00%
Valuation allowance, deferred tax assets \| $	$ 109,627				$ 98,525
UNITED STATES
Current tax rate	21.00%	21.00%	21.00%
HONG KONG
Current tax rate	8.25%	8.25%	8.25%
Foreign income tax rate	16.50%	16.50%	16.50%
Tax amount	$ 258,000		$ 2
PRC [Member]
Income tax rate	25.00%	25.00%	25.00%
Value added tax rate differential	3.00%	3.00%	3.00%
PRC revenue \| ¥		¥ 5,000,000
Value added tax, percentage	1.00%	1.00%	1.00%

SCHEDULE OF SEGMENT REPORTING (Details) - USD ($)	3 Months Ended		6 Months Ended
SCHEDULE OF SEGMENT REPORTING (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 2,539	$ 1,677	$ 292,405	$ 155,971
Cost of revenue			(65,117)	(33,717)
Selling and distribution expenses	(48,619)		(51,058)	(495)
General and administrative expenses	(31,703)	(96,821)	(98,694)	(146,968)
Loss from operations	(78,003)	(95,291)	77,536	(25,209)
Total assets	316,166	344,005	316,166	344,005	$ 377,327
Capital expenditure		6,614		6,614
UNITED STATES
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Selling and distribution expenses
General and administrative expenses			(22,906)	(24,604)
Loss from operations			(22,906)	(24,604)
Total assets	5,551	15,454	5,551	15,454
Capital expenditure
CHINA
Segment Reporting Information [Line Items]
Revenue			292,405	155,971
Cost of revenue			(65,117)	(33,717)
Selling and distribution expenses			(51,058)	(495)
General and administrative expenses			(75)	(122,364)
Loss from operations			100	(605)
Total assets	310,615	328,551	310,615	328,551
Capital expenditure		6,614		6,614
BCBF Trading Business [Member]
Segment Reporting Information [Line Items]
Revenue			16	57,622
Cost of revenue			(10)	(33,570)
Selling and distribution expenses				(495)
General and administrative expenses				(83,457)
Loss from operations			6	(59,900)
Total assets	316,166	261,377	316,166	261,377
Capital expenditure
Online Retailing Business [Member]
Segment Reporting Information [Line Items]
Revenue			292,389	97,077
Cost of revenue			(65,107)
Selling and distribution expenses			(51,058)
General and administrative expenses			(98,694)	(21,245)
Loss from operations			77,530	75,832
Total assets
Capital expenditure
Beauty Products Trading Business [Member]
Segment Reporting Information [Line Items]
Revenue				1,272
Cost of revenue				(147)
Selling and distribution expenses
General and administrative expenses				(42,266)
Loss from operations				(41,141)
Total assets		82,628		82,628
Capital expenditure		$ 6,614		$ 6,614

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