Forward looking statement notice

This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.





Results of Operations

Three months ended November 30, 2022 and 2021

We had no revenue for the three months periods ended November 30, 2022 and 2021, respectively. We had no cost of revenue for the three months periods ended November 30 and 2021, respectively. We incurred operating expenses of $24,719 and $5,784 in the three months periods ended November 30, 2022 and 2021, respectively. Our operating expenses mainly include US counsel professional fee and transfer agent fee.

As a result, we generated net loss of $24,719 and $5,784 for the three months periods ended November 30, 2022 and 2021, respectively.

Six months ended November 30, 2022 and 2021

We had no revenue for the six months periods ended November 30, 2022 and 2021, respectively. We had no cost of revenue for the six months periods ended November 30 and 2021, respectively. We incurred operating expenses of $38,645 and $25,722 in the six months periods ended November 30, 2022 and 2021, respectively. Our operating expenses mainly include US counsel professional fee and transfer agent fee.

As a result, we generated net loss of $38,645 and $25,722 for the three months periods ended November 30, 2022 and 2021, respectively.

Capital Resources and Liquidity

Six months ended November 30, 2022 and 2021

Cash Used in Operating Activities

For the six months periods ended November 30, 2022 and 2021, the Company had cash used in operating activities in the amount of $46,611 and $35,937, respectively, which were primarily due to net loss for the period, and accounts payable and accrued liabilities.

Cash Provided by Financing Activities

For the six months periods ended November 30, 2022 and 2021, the Company realized cash provided by financing activities in the amount of $46,611 and $35,529, respectively, which was advances from our CEO for working capital purposes.

Our auditors have issued a "going concern" opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have implemented our plan of operations.

The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

We expect to incur marketing and professional and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. The Company intends to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will have to cease business operations. As a result, investors in the Company's common stock would lose all of their investment.

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 is material to investors.





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                          SAVMOBI TECHNOLOGY, INC. AND

                  SUBSIDIARIES UNAUDITED CONSOLIDATED COMBINED

                        PRO FORMA FINANCIAL INFORMATION



Introduction

The unaudited pro forma combined financial statements as of November 30, 2022 contained in this prospectus has been prepared based on certain pro forma adjustments to the Company's historical financial statements set forth in the quarterly report of the Company for the period ended November 30, 2022 is qualified in their entirety by reference to such historical financial statements and related notes contained in those reports. The historical financial statements for Zhejiang Jingbo Ecological Technology Co. were derived from unaudited quarterly financial statement for the period ended November 30, 2022. The unaudited pro forma condensed combined financial statements should be read in conjunction with the accompanying notes and with the historical consolidated financial statements and related notes thereto.

The unaudited pro forma combined balance sheet has been prepared as if the transaction had occurred as of November 30, 2022. The unaudited pro forma condensed combined statements of operations have been prepared as if this transaction had occurred on November 30, 2022. The unaudited pro forma condensed combined statements of cash flows have been prepared as if this transaction had occurred on November 30, 2022.

These unaudited pro forma condensed combined financial statements are presented for illustrative purposes only. Such information is not necessarily indicative of the operating results or financial position that would have occurred had the Share Exchange been completed at the dates indicated or what would be any future periods and should not be taken as representative of Company's consolidated results of operations of financial condition following the completion of the transaction. In addition, the unaudited pro forma combined financial information is not intended to project future financial position or results of the combined company. Future results may vary significantly from the results reflected because of various factors.

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