What changed in this filing

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Item 1. Financial Statements

2026-02-20 compared with 2025-08-20 · 177 added, 201 removed, 458 unchanged (45% of the section changed)

3 unchanged sentences

AND SUBSIDIARIES

Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and September 30, 2024

Consolidated Statements of Operations and Comprehensive Income for the Three and Nine Months Ended June 30, 2025 and 2024 (Unaudited)

Consolidated Statements of Changes in Shareholders’ Deficit for the Nine Months Ended June 30, 2025 and 2024 (Unaudited)

Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2025 and 2024 (Unaudited)

Consolidated Balance Sheets as of December 31, 2025 (Unaudited) and September 30, 202 5

Consolidated Statements of Operations and Comprehensive Income for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Consolidated Statements of Changes in Shareholders’ Deficit for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Notes to Consolidated Financial Statements (Unaudited)

6 unchanged sentences

Cash and cash equivalents

Receivable from payment collection service institution

Inventories - Finished Goods

Other receivables

Total current assets

Restricted cash

Property and equipment, net

6 unchanged sentences

Due to related parties

Deferred tax liability

Other payables

2 unchanged sentences

Total current liabilities

Operating lease liabilities

Total liabilities

1 unchanged sentence

Preferred stock;

$ 0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and September 30, 2024

$ 0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and at September 30, 2025

Common stock;

$ 0.001 par value, 150,000,000 shares authorized;

60,500,000 and 60,000,000 shares issued and outstanding at June 30, 2025 and September 30, 2024, respectively

60,500,000 shares issued and outstanding at December 31, 2025 and at September 30, 2025

Additional paid-in capital

Retained earnings (Accumulated deficit)

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income

Total stockholders’ equity (deficit)

Total liabilities and equity (deficit)

The accompanying notes are an integral

part of these consolidated financial statements.

The accompanying notes are an integral part

of these consolidated financial statements.

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED AND

2 unchanged sentences

For the Three Months Ended

For the Nine Months Ended

Cost of revenue

3 unchanged sentences

Income before provision for income taxes

Provision for income taxes

Provision for income taxes/expense (benefit)

Net income / (loss)

$ ( 120,601 )

Comprehensive income:

Net income / (loss)

$ ( 120,601 )

Foreign currency translation adjustment

Comprehensive income

Basic and diluted earnings per share

Comprehensive income / (loss)

$ ( 117,484 )

Basic and diluted eaming per share

Weighted average number of shares outstanding

9 unchanged sentences

Balance at September 30, 2024

Capital subscription received

Foreign currency translation adjustment

Balance at December 31, 2024

Foreign currency translation adjustment

Balance at March 31, 2024

$ ( 117,904 )

Foreign currency translation adjustment

Balance at June 30, 2024

Stockholders’

4 unchanged sentences

Balance at December 31, 2025

Net profit (loss)

Shares issued

Foreign currency translation adjustment

Balance at March 31, 2025

Net profit (loss)

Shares issued

Foreign currency translation adjustment

Balance at June 30, 2025

$ ( 213,142 )

The accompanying notes

are an integral part of these condensed consolidated financial statements

MAITONG SUNSHINE

CULTURAL DEVELOPMENT CO., LIMITED AND SUBSIDIARIES

are an integral part of these condensed consolidated financil statements

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED) (EXPRESSED IN US DOLLARS)

For the Nine Months Ended

For the Three Months Ended

Cash Flows from Operating Activities

Adjustments to reconcile net loss to net cash used in operating activities:

Net income / (loss)

$ ( 120,601 )

Adjustments to reconcile net income (net loss) to net cash provided by (used in) operating activities:

Depreciation and amortization

1 unchanged sentence

Interest expense

Shares Compensation

Changes in operating assets and liabilities:

Receivable from payment collection service institution

Accounts payable

Customer deposits

Other receivables

Other receivable

Accrued expenses

Deferred Tax Liability

Lease payment

6 unchanged sentences

Cash Flows from Financing Activities

Proceeds from subscription

Loans from related parties

Net cash provided by financing activities

Effect of exchange rate fluctuation on cash and cash equivalents

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents, beginning of year

Effect of exchange rate fluctuation on cash, cash equivalents and restricted cash

Net increase in cash, cash equivalents and restricted cash

Cash and cash equivalents, beginning of period

Cash and cash equivalents, end of period

4 unchanged sentences

Right-of-use assets and related lease liabilities

Reconciliation of cash, cash equivalents, and restricted

cash reported in the statement of financial position

Cash and cash equivalents

Restricted cash

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

The accompanying notes are an integral part

3 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

(UNAUDITED) (EXPRESSED

IN US DOLLARS)

NATURE OF OPERATIONS AND BASIS OF PRESENTATION

2 unchanged sentences

was incorporated in the State of Nevada on October 26, 2023.

MGSD through its operating subsidiary Tongzhilian, which has headquarters

in Beijing, China, has provided cultural tourism (including Education Tours and Family Tours) and the sale of gift products, Chinese cultural

and creative products, as well as a hotel reservation service.

MGSD plans to market arts expositions in the future.

MGSD through its operating subsidiary, which has

headquarters in Beijing, China, provides cultural tourism and products sales, and plans to market arts expositions.

The Company currently

14 unchanged sentences

included in the Company’s financial statements for all periods.

MAITONG SUNSHINE CULTURAL DEVELOPMENT

CO., LIMITED AND SUBSIDIARIES

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

10 unchanged sentences

include 100 % of assets, liabilities, and net income or loss of these subsidiaries.

MGSD’s subsidiaries as of June 30, 2025 are listed as follows:

Name Place of

Incorporation Attributable

MGSD’s subsidiaries as of December 31, 2025 and September 30,

2025 are listed as follows:

Name Place of Incorporation Attributable

interest % Authorized

1 unchanged sentence

Maitong Sunshine Cultural Development Co., Limited Hong Kong 100 HKD 10,000

Beijing Tongzhilian Cultural Development Co., Ltd China 100 RMB 1,000,000

Beijing Tongzhilian Cultural Development Co., Ltd China 100 HKD 1,000,000

Use of estimates

26 unchanged sentences

the translation are recorded as a separate component of accumulated other comprehensive income or expense.

SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED AND SUBSIDIARIES

Going concern

The Company incurred net losses of US$ 120,601 and a net operating

cash outflow of US$ 22,425 for the three months period ended December 31, 2025.

As of December 31, 2025, the Company had cash and cash

equivalents of US$ 32,914 and recorded a stockholders deficit, these facts raise a substantial doubt about its ability to continue as

a going concern,

Management is implementing measures to improve operational efficiency

and generate additional revenue, including:

Expanding product offerings to include more standardized and value-oriented

travel packages, along with upstream/downstream collaborations;

Enhancing employee training to improve service quality and customer

satisfaction;

Pursuing cross-industry partnerships (e.g., knowledge-based experiences)

to diversify revenue streams.

These initiatives are intended to enhance profitability and support

the Company’s continued operations.

However, there can be no assurance that these efforts will be sufficient to resolve the financial

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

6 unchanged sentences

For the Three Months Ended

June 30, For the Nine Months Ended

2025 2024 2025 2024

USD to HKD) (USD to RMB/

Assets and liabilities period end exchange rate 7.0288 / 7.7819 7.2985 / 7.7658

19 unchanged sentences

that its accounts receivable credit risk exposure beyond such allowance is limited.

For the nine months ended June

30, 2025, the Company did not have a single customer that accounted for more than 10% of its total revenue.

For the nine months ended

June 30, 2024, the Company had 3 major customers that each accounted for over 10% of its total revenue.

For the Nine Months Ended

June 30, 2025

For the Nine Months Ended

June 31, 2024

Percentage of

For the three months ended June

30, 2025, the Company did not have a single customer that accounted for more than 10% of its total revenue.

For the three months ended

June 30, 2024, the Company had 2 major customers that each accounted for over 10% of its total revenue.

For the Three Months Ended

June 30, 2025

For the Three Months Ended

June 30, 2024

three months ended December 31, 2025, the Company had four major customers that each accounted for over 10% of its total revenue.

the three months ended December 31, 2024, the Company did not have a single customer that accounted for more than 10% of its total revenue.

For the Three Months

Ended December 31, 2025

For the Three Months

Ended December 31, 2024

Percentage of

3 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

For the nine months ended June

30, 2025 and 2024, the Company had 1 major supplier in each year that accounted for over 10% of its total cost of revenue.

For the Nine Months Ended

June 30, 2025

For the Nine Months Ended

June 30, 2024

Percentage of

For the three months ended June

30, 2025 and 2024, the Company had 2 and 1 major supplier in each year that accounted for over 10% of its total cost of revenue.

For the three months ended December

31, 2025, the Company had four major suppliers that each accounted for over 10% of its total cost of revenue.

For the three months

ended December 31, 2024, the Company had one major supplier that accounted for over 10% of its total cost of revenue.

For the Three Months Ended

June 30, 2025

December 31, 2025

For the Three Months Ended

June 30, 2024

December 31, 2024

Percentage of

Cost of revenue

Fair value measurements

The Company applies the provisions of the Financial Accounting Standards

Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value Measurements (“ASC

820”), for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial

items that are recognized or disclosed at fair value in the financial statements.

ASC 820 also establishes a framework for measuring fair

value and expands disclosures about fair value measurements.

The Company applies the provisions of the Financial Accounting

Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value

Measurements (“ASC 820”), for fair value measurements of financial assets and financial liabilities and for fair

value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements.

establishes a framework for measuring fair value and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received when selling

19 unchanged sentences

There were no transfers between level 1, level 2 or level 3 measurements

during the nine months ended June 30, 2025 and 2024.

during the three months ended December 31, 2025 and 2024.

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

3 unchanged sentences

accrued expenses, other payables, income tax payable and due to related parties.

As of June 30, 2025 and 2024, the carrying values of

these financial instruments approximated their fair values due to the short-term maturity of these instruments.

As of December 31, 2025 and 2024, the carrying values

of these financial instruments approximated their fair values due to the short-term maturity of these instruments.

Segment information and geographic data

46 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

40 unchanged sentences

if necessary.

As of June 30, 2025, cash consists of bank deposits and deposits in

Alipay, which are unrestricted as to withdrawal and use.

All highly liquid investments with original stated maturities of three months

or less are classified as cash.

Cash and cash equivalents

As of December 31, 2025, cash consists of bank

deposits and deposits, WeChat deposits, Alipay deposits, and corporate platform deposits, which are unrestricted as to withdrawal and

All highly liquid investments with original stated maturities of three months or less are classified as cash.

Restricted Cash

As of December 31, 2025 and September 30, 2025, restricted cash includes

bank deposits held at Zhongguancun Bank, which are subject to restrictions on withdrawal and use.

These funds are classified as restricted

cash because they may not be released or become available for general use within one year.

The Company is currently applying to lift the

restrictions on these funds;

however, the timing of any release remains uncertain.

Recently adopted accounting pronouncements

4 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

At June 30, 2025 and September 30, 2024, prepayments

At December 31, 2025 and September 30, 2025, prepayments

consisted of:

September 30,

Hainan Jintongyuan Technology Co., Ltd.

Beijing Shuangjiang Huixin Trading Co., Ltd.

Beijing Yijiaguan Health Technology Co., Ltd.

Shenzhen Huayufeng Technology Co., Ltd.

Dongguan Jiasheng Daily Use Plastic Products Co., Ltd.

Hainan Wanshishundada Technology Co., Ltd.

Shenzhen Hongyuexing Technology Co., Ltd.

Jinjiu International Consulting Service (Beijing) Co., Ltd.

Prepayments related to product sales business

Prepaid consulting service fee

Prepaid rental fees

Transaction agency fee

Total Prepayments

OTHER RECEIVABLES

At June 30, 2025 and September 30, 2024, other receivables consisted

At December 31, 2025 and September 30, 2025, other receivables consisted

September 30,

Shanghai Ctrip International Travel Agency Co., Ltd

Receivable from UnionPay Business Co., Ltd.

Beijing Branch (payment collection service institution)

Wang Shengchun

Value-added Tax

Total other receivables

At June 30, 2025 and September 30, 2024, Inventories

consisted of the following:

September 30,

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO.,

LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

ADVANCE FROM CUSTOMERS

At June 30, 2025 and September

At December 31, 2025 and September

30, 2025, advance from customers consisted of the following:

1 unchanged sentence

Pre-collected member funds

As of June 30, 2025 and September 30, 2024, advances

from customers totaled $ 155,452 and 461,946 .

The Company receives prepayments from customers who subscribe for a membership in the Company.

As of December 31, 2025 and September 30, 2025,

advances from customers totaled $ 33,583 and 26,098 .

The Company receives prepayments from customers who subscribe for a membership in

These pre-collected member funds can be used by customers to offset purchases of the company’s products.

6 unchanged sentences

Shanghai Maitong Cultural Technology Co., Ltd

As of June 30, 2025 and September 30, 2024, the Company owed Huang

As of December 31, 2025 and September 30, 2025, the Company owed Huang

Fang a balance of $ 233,005 and $ 182,463 , which represented expenses paid on behalf of the Company and the interest-free loan she provided

to the Company.

As of June 30, 2025 and September 30, 2024, the Company had a balance

As of December 31, 2025 and September 30, 2025, the Company had a balance

of $ 9,626 and $ 9,626 due to Beijing Devoter Oriental Co., Ltd, which represented expenses paid on behalf of the Company.

As of June 30, 2025, the Company had a balance of $ 1,220 due to Shanghai

Maitong Cultural Technology Co., Ltd, which represented expenses paid on behalf of the Company.

As of December 31, 2025 and September 30, 2025, the Company had a balance

of $ 70,908 and $ 70,156 due to Shanghai Maitong Cultural Technology Co., Ltd, which represented expenses paid on behalf of the Company.

Huang Fang is the President, CEO, Chairwoman of the Board and a major

3 unchanged sentences

ACCRUED EXPENSES

At June 30, 2025 and September 30, 2024, accrued expenses consisted

At December 31, 2025 and September 30, 2025, accrued expenses consisted

September 30,

1 unchanged sentence

Social security payable

Vstock Transfer

Accounting - other

Total accrued expenses

As of June 30, 2025 and September 30, 2024, the Company recorded payables

to its auditor of $ 6,000 and $ 60,000 for services in connection with the audit of the Company’s financial statements for the quarter

ended June 30, 2025 and the year ended September 30, 2024.

As of June 30, 2025 and September 30, 2024, the Company recorded payroll

payable of $ 10,823 and $ 11,052 .

As of June 30, 2025, and September 30,2024, the Company recorded social

security payable of $ 4,259 and 4,346 .

As of December 31, 2025 and September 30, 2025, the Company recorded

payables to its auditor of $ 51,000 and $ 75,000 for services in connection with the review of the Company’s financial statements

for the quarter ended December 31, 2025 and the audit of the Company’s financial statements for the year ended September 30, 2025.

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

OTHER PAYABLES

At June 30, 2025 and September 30, 2024, other payables consisted of:

At December 31, 2025 and September 30, 2025, other payables consisted

September 30,

Value added tax and surtax

Other Statutory Taxes and Levies

Value-added Tax

On September 1, 2023, Huang Fang, the CEO

8 unchanged sentences

committed to make lease payments of approximately $ 36,000 (RMB 259,605 ) for that period.

For the Nine months ended June 30, 2025 and 2024, the lease amortization

On December 1, 2025, Tongzhilian further renewed

the operating lease agreement for the period from December 1, 2025 to November 30, 2026,Tongzhilian committed to make lease payments of

approximately $ 36,689 (RMB 259,605 ) for that period.

For the three months ended December 31, 2025 and 2024, the lease amortization

expense was $ 8,849 and $ 8,930 , respectively.

3 unchanged sentences

Oriental Co., Ltd owns 85 % of the registered equity of Devoter (Beijing) Technology Co., Ltd.

For this reason, Devoter (Beijing) Technology

Co., Ltd is a related party of Tongzhilian.

As of June 30, 2025 and September 30, 2024, the Company had the following

amounts with respect to its lease recorded on the Company’s consolidated balance sheet:

September 30,

Devoter (Beijing) Technology Co., Ltd is

a related party of Tongzhilian.

As of December 31, 2025 and 2024, the Company had the following amounts

recorded on the Company’s consolidated balance sheet:

As of December 31,

Right-of-use asset

3 unchanged sentences

leases are as follows:

Period Ending June 30,

Period Ending December 31,

imputed interest

2 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

United States

MGSD is a Nevada corporation that is subject to U.S.

federal tax and

On December 31, 2017 the U.S.

government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs

Act (the “Tax Act”).

The Tax Act made broad and complex changes to the U.S.

tax code, including, but not limited to, (1) reducing

federal corporate income tax rate from 35 percent to 21 percent;

(2) requiring companies to pay a one-time transition tax on

certain unrepatriated earnings of foreign subsidiaries;

(3) generally eliminating U.S.

federal corporate income taxes on dividends from

foreign subsidiaries;

(4) providing modification to subpart F provisions and new taxes on certain foreign earnings such as Global Intangible

Low-Taxed Income (GILTI).

Except for the one-time transition tax, most of these provisions went into effect starting January 1, 2018.

MGSD is a Nevada corporation subject to U.S.

federal and state taxes.

Pursuant to the Tax Cuts and Jobs Act enacted on December 31, 2017, the U.S.

federal corporate income tax rate was reduced to 21%.

MGSD Samoa was incorporated in Samoa and, under the current laws of

Samoa, is not subject to income tax.

Samoa, is not subject to income tax in Samoa.

MGSD HK was incorporated in Hong Kong and is subject to Hong Kong

3 unchanged sentences

Tongzhilian is subject to a 25 % standard enterprise income tax in the

Due to the fact that Tongzhilian’s revenue exceeded the upper limit for small-scale taxpayers in the second quarter, Tongzhilian

has been converted to a general taxpayer.

All income for the last tax year (from January 1, 2024, to December 31, 2024) is subject to

a corporate income tax rate of 25 %.

Therefore, the company had accrued additional corporate income tax for the period from January to

September of 2024 at a rate of 25 %, amounting to $ 29,524 .

A reconciliation of income before income taxes for domestic and foreign

locations for the nine months ended June 30, 2025 and 2024 is as follows:

For the Nine Months Ended

There was no income tax expense accrued for the three months ended December 31, 2025.

A reconciliation or net income before income taxes for domestic

and foreign locations for the three months ended December 31, 2025 and 2024 is as follows:

For the Three Months Ended

United States

$ ( 142,836 )

Before income taxes

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

INCOME TAXES (continued)

$ ( 120,655 )

The difference between the U.S.

1 unchanged sentence

the Company’s effective tax rate was as follows:

For the Nine Months Ended

For the Three Months Ended

Income tax (benefit) at USA statutory rate

1 unchanged sentence

Effective combined tax rate

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) (AMOUNTS IN US DOLLARS)

INCOME TAXES (continued)

difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows:

For the Nine Months Ended

For the Three Months Ended

Income tax (benefit) at PRC statutory rate

2 unchanged sentences

Effective combined tax rate

The Company is subject to examination

by the Internal Revenue Service (IRS) in the United States as well as by the taxing authorities in China, where the firm has significant

business operations.

The tax years under examination vary by jurisdiction.

The table below presents the earliest tax year

that remain subject to examination by major jurisdiction.

The Company did not recognize deferred tax assets since it is not likely

to incur taxes against which such deferred tax assets may be offset.

The deferred tax would apply to MGSD in the U.S.

and Tongzhilian

The Company incurred losses from its United States operations during

the three months ended December 31 , 2025 and 2024 of $ 24,670 and $ 34,558 .

The Company’s

United States operations consist solely of ownership of its foreign subsidiaries, and the losses arise from administration expenses.

management provided a 100 % valuation allowance of $ 93,951 against the deferred tax assets related to the Company’s United States

operations as of December 31, 2024, because the deferred tax benefits of the net operating loss carry forwards in the United States are

not likely to be utilized.

The US valuation allowance has increased by $ 45,316 for the three months ended December 31, 2025.

The Company is subject to examination by the Internal Revenue Service

(IRS) in the United States as well as by the taxing authorities in China, where the firm has significant business operations.

years under examination vary by jurisdiction.

The table below presents the earliest tax year that remain subject to examination by major

jurisdiction.

The year as of

4 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) (AMOUNTS IN US DOLLARS)

18 unchanged sentences

The Company was not subject to any material loss contingency as of

June 30, 2025.

December 31, 2025.

BASIC AND DILUTED EARNINGS PER SHARE

9 unchanged sentences

Net income (loss) attributable to common stockholders

Basic and diluted weighted-average number of shares outstanding

Net income (loss) per share:

Basic and diluted

For the Nine Months Ended

Net income (loss) attributable to common stockholders

$ ( 120,601 )

Basic and diluted weighted-average number of shares outstanding

4 unchanged sentences

the consolidated financial statements were available to be issued.

All subsequent events requiring recognition as of June 30, 2025 have

been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in accordance

with FASB ASC Topic 855, “Subsequent Events.”

All subsequent events requiring recognition as of December 31, 2025

have been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in

accordance with FASB ASC Topic 855, “Subsequent Events.”

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements