The following discussion and analysis of our results of operations and financial condition should be read together with our audited financial statements and the notes thereto, which are included elsewhere in this Report. Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (the "U.S. GAAP").





Overview

The Company was incorporated under the name "Kelinda" in the state of Nevada on December 18, 2017 to create health related applications.

Following this Change in Control, the Company changed its business plan to engage in online business services in the People's Republic of China.





Results of Operations



Revenue

For the years ended June 30, 2021 and 2020, the Company did not generate any revenue.





Operating Expenses

Total operating expenses for the years ended June 30, 2021 and 2020 were $49,093 and $52,150, respectively. The operating expenses for the year ended June 30, 2021 primarily included general and administrative expense of $9,093 and professional fees of $40,000, whereas for the same period of 2020, the operating expenses primarily included professional fees of $26,005, depreciation expenses of $23,590, of general and administrative expense of $2,555. The decrease in 2021 was mainly due to the decreases in depreciation expenses as there were no fixed assets in 2021. The decrease in depreciation expenses in 2021 were offset by the increase in professional fees in 2021.

We also incurred other expenses of $76,790 for the year ended June 30, 2020 due to the impairment of our fixed assets and intangible assets as a result of the Change of Control. For the same period in 2021, other expenses were nil as there were no such transactions.





2







Going Concern

The future of our company is dependent upon our ability to obtain financing to implement our new business plans and initiatives and our ability to generate positive net profits from implementation of our business plans. Management has plans to seek additional capital funding through either equity financings or debt financings from its principal stockholders to support its operations for the next twelve months. However, there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

Liquidity and Capital Resources

As of June 30, 2021 and 2020, the Company had no assets.

As of June 30, 2021 and 2020, the Company had liabilities of $3,407 (comprised solely of accounts payable) and $0, respectively, and accumulated deficit of $199,121 and $150,028, respectively.

Cash Flows from Operating Activities

For the year ended June 30, 2021, net cash used in operating activities was $45,686, which is the result of: (1) net loss for the year of $49,093; and (2) adjustment for increase in accounts payable of $3,407.

For the year ended June 30, 2020, net cash used in operating activities was $81,710, which is the result of: (1) net loss for the year of $128,940; (2) an adjustment for amortization and depreciation of $23,590; (3) an adjustment for impairment of fixed assets and intangible assets of $76,790; and (4) adjustment for decrease in accounts payable of $53,150.

Cash Flows from Investing Activities

We had no cash flows from investing activities for the years ended June 30, 2021 and 2020.

Cash Flows from Financing Activities

For the year ended June 30, 2021, net cash generated by financing activities was $45,686, representing stockholders' capital contributions to support the Company's operations.

For the year ended June 30, 2020, net cash generated by financing activities was $81,298, including related party loan proceeds of $50,688 and stockholders' capital contribution of $30,610.





Material commitments

We presently have no material commitments as of June 30, 2021.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations is based on our financial statements. In preparing our financial statements in conformity with U.S. GAAP, we must make a variety of estimates that affect the reported amounts and related disclosures. See Note 3 of our financial statements included in the Report.

In addition, Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

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