OVERVIEW


The Company was organized on August 13, 2014 as a Nevada corporation under
Chapter 78 of the Nevada Revised Statutes as WeWin Group Corp. With FINRA
approval on December 20, 2018 the Company's name changed to AllyMe Group, Inc.
During this period the Company's trading symbol remained "WWIN.". On June 16,
2021, the Company's Board of Directors approved the new name "NEXT-ChemX
Corporation", and approval of this change was granted by FINRA on July 22, 2021.
The Company's new trading symbol "CHMX" was granted on July 30, 2021. The
Company's principal office is located at 1111 W 12th Street, Unit 113, Austin
Texas 78703.



The Company qualifies as an "emerging growth company" as defined in the
Jumpstart Our Business Startups Act or JOBS Act which became law in April 2012.
The definition of an "emerging growth company" is a company with an initial
public offering of common equity securities which occurred after December 8,
2011, and has less than $1 billion of total annual gross revenues during last
completed fiscal year. An emerging growth company may take advantage of reduced
reporting requirements that are otherwise applicable generally to public
companies. These provisions include, but are not limited to:

? not being required to comply with the auditor attestation requirements of

Section 404 of the Sarbanes-Oxley Act of 2002, as amended, or the

Sarbanes-Oxley Act;

? reduced obligations with respect to financial data, including presenting only

two years of audited financial statements and only two years of selected

financial data;

? reduced disclosure obligations regarding executive compensation in our

periodic reports, proxy statements, and registration statements;

? exemptions from the requirements of holding a nonbinding advisory vote on

executive compensation and any golden parachute payments not previously

approved; and

? an exemption from compliance with the requirement of the Public Company

Accounting Oversight Board regarding the communication of critical audit


    matters in the auditor's report on the financial statements.




We have elected to take advantage of certain reduced reporting requirements. As
a result, the information that we provide to our stockholders may be different
than you might receive from other public reporting companies in which you hold
equity interests.



In addition, the JOBS Act provides that an "emerging growth company" can take
advantage of an extended transition period for complying with new or revised
accounting standards. This provision allows an emerging growth company to delay
the adoption of some accounting standards until those standards would otherwise
apply to private companies. We have elected to use this extended transition
period to enable us to comply with certain new or revised accounting standards
that have different effective dates for public and private companies until the
earlier of the date we (i) are no longer an emerging growth company or (ii)
affirmatively and irrevocably opt out of the extended transition period provided
in the JOBS Act. As a result, our financial statements may not be comparable to
companies that comply with new or revised accounting pronouncements as of public
company effective dates.



14







Overview of the Business




The goal of the Company is to commercialize its novel proprietary Membrane
Extraction Technology is the principal asset of the business. Membrane
Extraction Technology is an Ion Extraction Technology based upon unique
chemistry: by using the very high surface area of special "Hollow Fiber
Membranes" ions and metal ions may be extracted from liquid solutions. Our
Membrane Extraction Technology mimics nature's biophysical processes enabling
the technology to extract ions from a liquid solution at ambient temperatures
and pressures even where ions exist in low concentrations.

The Membrane Extraction Technology has many areas of application, however the Company will initially concentrate on the following sectors:

? Lithium Extraction from Natural Brines, Geothermal Wells, or Leach Solutions;

? Extracting Fatty Acids from Vegetable Oils for More Economical Refining; and

? Extracting of Radioactive Ions from Nuclear Plant Stored Water.






The primary focus of the Company is the extraction of lithium from naturally
occurring brines and geothermal sources. The Company has developed a system for
extracting the key additional naturally occurring ions in the lithium brine
solutions tested to date and provides a most efficient extraction with the
minimal disruption to the environment. Using the Company's system water
resources will not be depleted by evaporation or contamination and can be
returned to the aquifers or lakes from which they were drawn. The work on Fatty
Acid extraction from vegetable oils and radioactive ions from contaminated water
is delayed due to the geopolitical situation in Ukraine.



In mid-June of 2021, the Company opened its development facility in Illinois
under the direction of the inventing scientist of our Membrane Extraction
Technology. At this laboratory facility, lab equipment was acquired, and
chemical engineers were recruited to set up laboratory test systems to extract
certain elements, such as low concentrations of lithium from liquids. The
testing allowed us to determine preliminary dynamics of extraction to support
the preparation of additional intellectual property protection strategy. Minimal
necessary laboratory equipment was acquired due to our modest financial
capabilities as well as various hollow fiber modules to test which commercially
available hollow fiber membranes in packages modules would work with our
process.



Work proceeds on the engineering of the pilot testing plant which will test
specific brines under controlled conditions to finalize the commercial advantage
of the system. In 2021, we began a process of collaboration and hiring of
experts to focus on the design and engineering of the system. Work is underway
and will continue through 2022 to engineer commercially operating tubular
Modules containing an optimized configuration We plan to supply scalable
Extraction Plants in 40' containers which have an optimal number of modules for
each process. These container systems will be located at the customer extraction
sites. Our revenue model is to provide the extraction service for either a
tolling fee or under a cost savings revenue sharing model.



The Company is pursuing an aggressive intellectual property protection strategy.
The Company has engaged the Navitas Intellectual Property Group LLC of Denver,
Colorado for its international intellectual property requirements. This group is
headed by Michael D. McIntosh and David F. Dockery, both highly specialized
chemical processing and material science patent attorneys. Navitas is working
closely with the Company's research and development team to identify processing,
materials and markets to pursue patent protection. In turn, Navitas works with
the Company's management to identify regions of the world to pursue desired
protection. In 2021 the Company filed for patent protection for novel aspects of
its Lithium recovery developments. Additional patent applications are currently
in progress dealing with oil purification, further aspects of Lithium processing
and recovery, metals recycling and other developments. Company is also focusing
on novel membrane characteristics, production and uses. Details of these
applications are confidential until published pursuant to international patent
publication requirements.



15







Results of Operations

Year Ended December 31, 2021 Compared to December 31, 2020





The following table summarizes the results of our operations during the fiscal
years ended December 31, 2021 and 2020, respectively, and provides information
regarding the dollar and percentage increase or (decrease) from the current
12-month period to the prior 12-month period:



                                                                                           Percentage
                                                                         Increase           Increase
             Line Item                   12/31/21        12/31/20       (Decrease)         (Decrease)
Revenues                               $          -     $        -     $           -              inf.
Operating expenses                        1,784,370        118,291         1,363,036               1152 %
Net income (loss)                        (1,784,370 )      345,049        (2,129,419 )              617 %
Net income (loss) per share from
continuing operations                         (0.07 )        (0.01 )               -                  -





We recorded a net loss of $1,784,370 for the year ended December 31, 2021,
compared to a net profit of $345,049 for the fiscal year ended December 31, 2020
due to a significant increase in operating expenses mainly as a result of
payroll, amortization of intangible asset, and accrued contractor fees incurred
in 2021.

Liquidity and Capital Resources





As of December 31, 2021, we had total current assets of $12,029 a working
capital deficit of $1,459,168 and an accumulated stockholders' equity of
$1,712,486. Cash used in operation activities for the fiscal year ended December
31, 2021 was $701,790, while our operations generated $183,495 in cash in the
fiscal year ended December 31, 2020. Our revenues were $0 in the fiscal years
ended December 31, 2021 and 2020. These factors raised substantial doubts about
the Company's ability to continue as a going concern.



Management believes that the Company's cash on hand will be sufficient to fund
all Company obligations and commitments for the next twelve months when
supported by understandings from principal shareholders and affiliates.
Historically, we have depended on loans from our principal shareholders and
their affiliated companies to provide us with working capital as required. There
is no guarantee that such funding will be available when required and there can
be no assurance that our stockholders, or any of them, will continue making
loans or advances to us in the future. The Company is actively seeking between
$3-5 million to support its plans to complete the commercialization of the
lithium extraction process as well as to fund other processes, equipment
purchases, expenses, overheads and operating capital.



At December 31, 2021, the Company issued two notes payable to a related party in
the aggregate amount of $5,900, which was received from the related party to
fund operation. This amount was payable on November 11, 2021. Also, during the
year ended December 31, 2021, the company issued a number of convertible notes
to third parties for a total of $672,500 and a $15,000 convertible note payable
was issued to a related party.

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 or
capital expenditures or capital resources that is material to an investor in our
securities.



Seasonality

Our operating results are not affected by seasonality.





Inflation

Our business and operating results are not affected in any material way by inflation.





16







Critical Accounting Policies



The Securities and Exchange Commission issued Financial Reporting Release No.
60, "Cautionary Advice Regarding Disclosure About Critical Accounting Policies"
suggesting that companies provide additional disclosure and commentary on their
most critical accounting policies. In Financial Reporting Release No. 60, the
Securities and Exchange Commission has defined the most critical accounting
policies as the ones that are most important to the portrayal of a company's
financial condition and operating results and require management to make its
most difficult and subjective judgments, often as a result of the need to make
estimates of matters that are inherently uncertain. The nature of our business
generally does not call for the preparation or use of estimates. Due to the fact
that the Company does not have any operating business, we do not believe that we
do not have any such critical accounting policies.

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