The following discussion contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as "anticipate", "estimate", "expect", "project", "intend", "plan", "believe", and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, we also may provide forward-looking statements in other materials we release to the public.





Recent Developments

On July 21, 2017, the entire board of directors resigned, as directors and officers, after appointing the following directors and officers: Miaohong Hanson, director and chief executive officer; John C. Hanson, director and vice president, finance; Donghai Shi, director and executive vice president; Ronaldo Panida, director; Lili Fan, Secretary; and Ting Wang executive assistant. John Hanson, subsequently, resigned from all positions as of May 1, 2019.

Results of Operations during the year ended July 31, 2021 as compared to the year ended July 31, 2020.

Although we have not generated any revenues during the years ended July 31, 2021 and 2020. Mace, Corporation did generate $61,054 and $374,242 sales revenue respectively. We had operating expenses related to the general and administrative expenses of being a public company plus interest expenses and recorded $50.00 of administrative costs, all paid for by a related party, totaling $14,097, for the year ended July 31, 2020. The Combined overheads for the years ended July 31, 2021 and 2020 were $288,318 and $979,324 resulting of losses of $140,462 after forgiveness of Payroll Protection Plans advances of $156,043, impairment of patents in the amount of $66,888 compared to $810,693 for the year ended July 31, 2020.

Liquidity and Capital Resources

On July 31, 2021 and July 31, 2020 we had $94,282 and $105,286 combined cash on hand. We used $122,287 for operating activities for the year ended July 31, 2021 compared to $398,362 for the year ended July 31, 2020. We used $48,699 to acquire patents and molds during the year ended July 31, 2021 compared to $20,239 for the year ended July 31, 2020. During the year ended July 31, 2021 we received $50,000 from the sale of common shares compared to $25,000 during the year ended July 31, 2020 plus $109,982 from Payroll Protection and other emergency grants compared to $86,061 during the year ended July 31, 2020.

The Company currently plans to satisfy its cash requirements for the next 12 months through borrowings from its majority shareholders or a related party and believes it can satisfy its cash requirements so long as it is able to obtain financing from its controlling shareholders. The Company expects that money borrowed will be used during the next 12 months to satisfy the Company's operating costs, professional fees and for general corporate purposes.






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The Company has only limited capital. Additional financing is necessary for the Company to continue as a going concern. Our independent auditor has issued a qualified audit opinions for the years ended July 31, 2021 and 2020, with an explanatory paragraph on going concern.

Off-Balance Sheet Arrangements

As of July 31, 2021 and 2020, we did not have any off-balance sheet arrangements as defined in Item 303(a) (4) (ii) of Regulation S-K promulgated under the Securities Act of 1934.

Contractual Obligations and Commitments

As of July 31, 2021 and 2020, we did not have any contractual obligations.

Critical Accounting Policies

Our significant accounting policies are described in the notes to our financial statements for the years ended July 31, 2021 and 2020, and are included elsewhere in this registration statement.

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