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.





RESULTS OF OPERATIONS

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We generated net revenues of nil and $111,877 for the period ended March 31, 2019 and 2020 respectively. The rise in net revenues were mainly due to the increase in revenue deriving from consulting services rendered regarding consulting for marina construction and yacht brokerage.

For period ended March 31, 2019, the net loss was $25,189, compared to the same period ended 2020, the net loss was $79,330. The main factor for the change in the net loss was that the general and administrative expenses increased. Our general and administrative expenses for the same period ended March 31, 2019 and 2020 were $25,189 and $176,347 respectively. The main reason for the increase in the general and administrative expenses was that the company expanded its operations. General and administrative expenses were basically the corporate overhead, such as legal, accounting, employees' remuneration and office expenses.

LIQUIDITY AND CAPITAL RESOURCES

As of December 31, 2019, the total assets were $851,699, compared it as of March 31, 2020, the total assets were $740,181. The fall in total assets was mainly caused by the decreased cash and cash equivalent and the deposits in the consultation service on manufacturing yachts. Our total liabilities were and $1,023,560 and $986,683, as of December 31, 2019 and March 31, 2020 respectively. As of March 31, 2020, the total liabilities included amounts due to related parties of $596,712. The accumulated deficits were $344,788 as of December 31, 2019, compared it as of March 31, 2020, the accumulated deficits were $417,653. The increase in the accumulated deficits was mainly caused by the rising corporate overhead. As of December 31, 2019 and March 31, 2020 , the total shareholders' deficit was $287,966 and $356,142 respectively. It was primarily caused by the change in the accumulated deficits.

Cash Flows from Operating Activities

For the period ended March 31, 2019, the net cash used in operating activities was $20,035, compared to the same period ended 2020, it was $224,382. The increase in the net cash used in operating activities was mainly due to the deposits in the consultation service on manufacturing yachts.

Cash Flows from Investing Activities

For the same period ended March 31, 2019 and 2020, there was no cash flows from investing activities.

Cash Flows from Financing Activities

For the period ended March 31, 2019, the net cash generated from financing activities was $124,775, compared to the same period ended 2020, the net cash used in financing activities was $21,703. The change was primarily caused by the repayment to related parties during the period.

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PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments.

In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with business and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements.

Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock.

Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.







MATERIAL COMMITMENTS

As of the date of this Report, we do not have any material commitments.

PURCHASE OF SIGNIFICANT EQUIPMENT

We do not intend to purchase any significant equipment during the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Report, there are no such 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, capital expenditures or capital resources that are material to investors.





GOING CONCERN

The financial statements contain an explanatory paragraph expressing substantial doubt about our ability to continue operating as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which states that we will realize our assets and satisfy any liabilities and commitments in the ordinary course of business.

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