FORWARD LOOKING STATEMENTS


Statements made in this Form 10-Q that are not historical or current facts are
"forward-looking statements" made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the
Securities Exchange Act of 1934. These statements often can be identified by the
use of terms such as "may," "will," "expect," "believe," "anticipate,"
"estimate," "approximate" or "continue," or the negative thereof. We intend that
such forward-looking statements be subject to the safe harbors for such
statements. We wish to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. Any
forward-looking statements represent management's best judgment as to what may
occur in the future. However, forward-looking statements are subject to risks,
uncertainties and important factors beyond our control that could cause actual
results and events to differ materially from historical results of operations
and events and those presently anticipated or projected. We disclaim any
obligation subsequently to revise any forward-looking statements to reflect
events or circumstances after the date of such statement or to reflect the
occurrence of anticipated or unanticipated events.

Overview of the Business


The Company was incorporated on March 14, 2018 under the laws of the State of
Nevada. The Company's principal business is the development of internet and PC
security software products.

Restatement of Correction of an Error



For the three months ended September 30, 2020, the Company had sales and had an
accounts receivable balance as of September 30, 2020 with a customer. In
preparing the financial statements, management failed to identify and disclose
the fact that the customer being a related party to the Company within the
definition of ASC 850. The Company also failed to disclose this fact to the
auditors of the Company.

Management has identified a material weakness in understanding and knowledge of US GAAP.



This Amendment No. 1 ("Amendment No. 1") on Form 10-Q/A amends the Quarterly
Report on Form 10-Q of Shengda Network Technology, Inc. for the three months
ended September 30, 2020, as filed with the Securities and Exchange Commission
("SEC") on January 11, 2021 (the "Original Filing"). Management concluded that
the Original Filing, should be restated due to the missing disclosure of the
related party transactions.

The financial statement misstatements reflected in the table below did not impact cash flows from operations, investing, or financing activities in the Company's statements of cash flows for any period previously presented.

Results of Operations

Three Months Ended September 30, 2020 Compared to September 30, 2019



The following table summarizes the results of our operations during the three
months ended September 30, 2020 and 2019, respectively, and provides information
regarding the dollar and percentage increase or (decrease) from the current
three-month period to the prior three-month period:

                                                                                          Percentage
                                                                          Increase         Increase
               Line Item                    9/30/20        9/30/19       (Decrease)       (Decrease)
                                          (Restated)
Revenues                                  $ 5,143,578     $        -     $ 5,143,578              n/a
Operating expenses                             42,447          4,404          38,043              864 %
Net income (loss)                             959,808         (4,404 )       964,212            2,189 %

Income (Loss) per share of common stock          0.14          (0.00 )             -              n/a



We recorded net income of $959,808 for the three months ended September 30, 2020
as compared with a net loss of $4,404 for the three months ended September 30,
2019 due primarily to the commencement of operations in the current quarter.

Liquidity and Capital Resources



As of September 30, 2020, we had total assets of $13,042,522, working capital of
$1,171,718 and an accumulated stockholders' equity of $1,247,692. Our operating
activities used $1,456,401 in cash for the three months ended September 30,
2020, while our operations used $5,159 cash in the three months ended September
30, 2019. We had $5,143,578 in revenues in the three months ended September 30,
2020, while we had no revenues in the three months ended September 30, 2019.

Management believes that the Company's cash on hand will be sufficient to fund
all Company obligations and commitments for the next twelve months.
Historically, we have depended on loans from our principal shareholders and
their affiliated companies to augment our 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.

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At September 30, 2020, the Company had loans and advances from a related party
shareholder in the aggregate amount of $323,974, which represents amounts loaned
to the Company to pay the Company's expenses of operation. These advances are
payable on demand.

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.

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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