This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "anticipate," "expects," "intends," "plans," "believes," "seeks" and "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-Q. Investors should carefully consider all of such risks before making an investment decision with respect to the Company's stock. The following discussion and analysis should be read in conjunction with our financial statements and summary of selected financial data for Kange Corp. Such discussion represents only the best present assessment from our Management.





Description of Company

The Company is a start-up company that was incorporated in Nevada on August 16, 2013.

We have had limited operations and have been issued a "going concern" opinion by our auditor on our financial statements for the year ended November 30, 2020, based upon our reliance on related party loans and the sale of our common stock as the sole source of funds for our operations for the near future.

The following Management Discussion and Analysis should be read in conjunction with the financial statements and accompanying notes included in this Form 10-Q.

Reports to Security Holders

The Company is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, and is a "voluntary filer." As a voluntary filer, the Company intends to furnish its stockholders with annual reports containing financial statements audited by its independent registered public accounting firm and to make available quarterly reports containing unaudited financial statements for each of the first three quarters of each year, but is not obligated to do so. The Company files Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K with the Securities and Exchange Commission. The Company may also file additional documents with the Commission if those documents become necessary in the course of its operations.





Available Information

All reports of the Company filed with the SEC are available free of charge through the SEC's website at www.sec.gov. In addition, the public may read and copy materials filed by the Company at the SEC's Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. The public may also obtain additional information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330.





Results of Operations

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto for the three months ended February 28, 2021 and February 29, 2020, and related management discussion herein.

Our financial statements are stated in U.S. Dollars and are prepared in accordance with generally accepted accounting principles of the United States ("GAAP").






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Going Concern Qualification

The Company's financial statements are prepared in accordance with GAAP applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit of $1,313,256. The Company will be dependent upon the raising of additional capital through placement of common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the company cannot continue in existence. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern.

The officers and directors have committed to advancing certain operating costs of the Company, including compliance costs for being a public company.

For the Three Months Ended February 28, 2021 and February 29, 2020:

Our operating results for the three months ended February 28, 2021 and February 29, 2020, and the changes between those periods for the respective items are summarized as follows:





                        Three Months Ended
                  February 28,       February 29,       Change
                      2021               2020           Amount
Operating loss   $       (1,000 )   $       (1,100 )   $    100
Net loss         $       (1,000 )   $       (1,100 )   $    100

During the three months ending February 28, 2021 the Company had an operating loss of $1,000. For the same period in the prior fiscal year, the Company recorded an operating loss of $1,100. The decrease in operating loss during the three months ended February 28, 2021, is primarily due to decrease in general and administrative expenses of $100.

Liquidity and Capital Resources

Based upon our current financial condition, we do not have sufficient cash to operate our business at the current level for the next twelve months. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in a private equity offering to secure funding for operations. There can be no assurance that we will be successful in raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.





Working Capital

The following table presents our working capital position as of February 28, 2021 and November 30, 2020:





                          As of              As of
                       February 28,       November 30,               Change
                           2021               2020           Amount       Percentage
Current Assets        $            -     $            -     $      -                -
Current Liabilities           22,776             21,776        1,000                5 %
Working Capital       $      (22,776 )   $      (21,776 )   $ (1,000 )             (5 %)

The change in working capital during the three months ended February 28, 2021, was primarily due to increase in current liabilities due to an increase in advances from related parties of $1,000.






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Cash Flow

We fund our operations with cash received from advances from officers and related parties and issuances of equity.

The following tables presents our cash flow for the three months ended February 28, 2021 and February 29, 2020:





                                               Three Months Ended
                                         February 28,       February 29,
                                             2021               2020

Cash (used in) operating activities $ (1,000 ) $ (2,500 ) Cash provided by financing activities

            1,000              2,500
Net change in cash for the period       $            -     $            -

Cash Flows from Operating Activities

We did not generate positive cash flows from operating activities for the three months ended February 28, 2021 or February 29, 2020.

For the three months ended February 28, 2021, net cash flows used in operating activities consisted of a net loss of $1,000.

For the three months ended February 29, 2020, net cash flows used in operating activities consisted of a net loss of $1,100, increased by net change in operating assets and liabilities of $1,400.

Cash Flows from Investing Activities

For the three months ended February 28, 2021 and February 29, 2020, no cashflows were used in investing activities.

Cash Flows from Financing Activities

For the three months ended February 28, 2021 and February 29, 2020, we received $1,000 and $2,500, respectively, in advances from related parties, which used to fund operations and business activities.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's 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

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.






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