This Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to provide a reader of our financial statements with a narrative from the perspective of our management on our financial condition, results of operations, liquidity, and certain other factors that may affect our future results. The following discussion and analysis should be read in conjunction with our audited consolidated financial statements and the accompanying notes thereto included in "Item 8. Financial Statements and Supplementary Data." In addition to historical financial information, the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. See "Forward-Looking Statements." Our results and the timing of selected events may differ materially from those anticipated in these forward-looking statements as a result of many factors.





Business Overview

Our business plan includes development and construction of lands and properties relating to tourism integrating real estates, villas as well as hospitality services as well as cargo freight logistic services. We are tentatively looking for capital or different target companies in same industry for acquisition for our business plan.





Going Concern

Our auditor has indicated in their reports on our financial statements for the fiscal years ended December 31, 2022, that conditions exist that raise substantial doubt about our ability to continue as a going concern due to our recurring losses from operations, deficit in equity, and the need to raise additional capital to fund operations. A "going concern" opinion could impair our ability to finance our operations through the sale of debt or equity securities.





Recent Developments

On January 31, 2023, certain shareholders of Taihe Group, Inc (the "Company") agreed and transferred 89.9 million shares of its common stock, par value $0.001 per share; and 10 million shares of its Series A preferred stock, par value $0.001 per share (the "Share Transfer") to Taihe Group Limited (Taihe Samoa), a Company organized under the law of Samoa, of which Mr. Sukardi is the controlling shareholder of Taihe Samoa, for the acquisition of HuaYin International Group Limited ("Hua Yin"), a corporation organized under the laws of the British Virgin Island. Upon completion of the Share Transfer, HuaYin became the wholly-owned subsidiary of the Company, and Taihe Samoa became the controlling shareholder of the Company.

Results of Operations Comparison of the Years ended December 31, 2022 and 2021





Revenue

We had no revenues from operations during either 2022 or 2021.









  7

General and Administrative Expense

General and Administrative Expenses were $43,967 for the year ended December 31, 2022 compared to $29,219 for the year ended December 31, 2021, an increase of $14,748 or approximately 34%. The increase resulted from professional fees incurred being a reporting entity





Net Loss

We had a net loss of $43,967 for the year ended December 31, 2022, compared to $29,219 for the year ended December 31, 2021.

Liquidity and Capital Resources

As of December 31, 2022, we had $0 of cash and have negative working capital of $43,967.

We had net cash used in operating activities in the amount of $41,881 and net cash provided from financing activities of $41,881 for the year ended December 31, 2022. We had net cash used in operating activities in the amount of $29,219 and net cash provided from financing activities of $29,219 for the year ended December 31, 2022. The Company received its financing from related parties to fund for its operation.

The financial statements accompanying this Report have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of our business. As reflected in the accompanying financial statements, we have not yet generated any revenue, had a net loss of $43,967 and have an accumulated stockholders' deficit of $10,891,721 as of December 31, 2022. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional funds and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders.





Critical Accounting Policies

Refer to Note 2 of Financial Statements for details.

© Edgar Online, source Glimpses