10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q 

(Mark One)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended November 30, 2020

or

☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ____________to ____________

Commission File Number 333-208237

FELLAZO CORP.

(Exact name of registrant as specified in its charter)

Nevada	30-0840869
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

8th Floor, Wisma Huazong, Lot 15285, 0.7 km Lebuhraya Sungei Besi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia	43300
(Address of principal executive offices)	(Zip Code)

+603 9547 9638

http://fellazo.com

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒     NO ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒     NO ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐     NO ☒

Fellazo Corp has 86,264,000 common shares issued and outstanding as of January 11, 2021.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	14
Item 1A.	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Mine Safety Disclosures	14
Item 5.	Other Information	14
Item 6.	Exhibits	15
SIGNATURES		16

2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

FELLAZO CORP.

Consolidated Balance Sheets

(Unaudited)

	November 30,			August 31,
	2020			2020
ASSETS
Current Assets
Cash and cash equivalent	$	7,299		$	6,665
Prepaid expense and deposit		1,222			7,728
Total Current Assets		8,521			14,393
TOTAL ASSETS	$	8,521		$	14,393
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	17,280		$	30,137
Due to related party		1,167,909			1,073,252
Total Current Liabilities		1,185,189			1,103,389
TOTAL LIABILITIES		1,185,189			1,103,389
Stockholders' Deficit
Common stock, $0.001par value, 1,000,000,000 shares authorized; 86,264,000 shares issued and outstanding as of November 30, 2020 and August 31, 2020		86,264			86,264
Additional paid-in capital		36,122			36,122
Accumulated deficit		(1,207,502	)		(1,143,619	)
Accumulated other comprehensive loss		(2,909	)		(1,094	)
Total Fellazo Corp. Stockholders' Deficit		(1,088,025	)		(1,022,327	)
Non-controlling interest		(88,643	)		(66,669	)
Total Stockholders' Deficit		(1,176,668	)		(1,088,996	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	8,521		$	14,393

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3

FELLAZO CORP.

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

	Three Months Ended
	November 30,
	2020			2019
Revenues	$	17,016		$	37,865
Cost of Goods Sold		9,558			27,089
Gross profit		7,458			10,776
Operating Expenses
General and administrative expenses	$	91,426		$	73,329
Total operating expenses		91,426			73,329
Loss from operations		(83,968	)		(62,553	)
Loss before taxes		(83,968	)		(62,553	)
Provision for income tax		-			-
Net loss		(83,968	)		(62,553	)
Net loss attributable to the non-controlling interest		(20,085	)		(8,072	)
Net Loss Attributable to The Shareholders of Fellazo Corp.	$	(63,883	)	$	(54,481	)
Other comprehensive loss
Foreign currency translation gain (loss)		(3,704	)		(130	)
Total comprehensive loss		(87,672	)		(62,683	)
Comprehensive Loss attributable to the non-controlling interest		(21,974	)		(8,138	)
Comprehensive Loss Attributable to The Shareholders of Fellazo Corp.	$	(65,698	)	$	(54,545	)
Basic and dilutive net loss per common share	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding - basic and diluted		86,264,000			86,264,000

The accompanying notes are an integral part of these unaudited consolidated financial statements.

4

FELLAZO CORP.

Consolidated Statements of Changes in Stockholders’ Deficit

(Unaudited)

For the three months ended November 30, 2020

					Additional					Accumulated other			Non
	Common Stock				Paid in		Accumulated			comprehensive			controlling
	Shares		Amount		Capital		Deficit			loss			Interest			Total
Balance, August 31, 2020		86,264,000	$	86,264	$	36,122	$	(1,143,619	)	$	(1,094	)	$	(66,669	)	$	(1,088,996	)
Net loss		-		-		-		(63,883	)		-			(20,085	)		(83,968	)
Foreign currency translation gain		-		-		-		-			(1,815	)		(1,889	)		(3,704	)
Balance, November 30, 2020		86,264,000	$	86,264	$	36,122	$	(1,207,502	)	$	(2,909	)	$	(88,643	)	$	(1,176,668	)

For the three months ended November 30, 2019

					Additional					Accumulated other			Non
	Common Stock				Paid in		Accumulated			comprehensive			controlling
	Shares		Amount		Capital		Deficit			loss			Interest			Total
Balance, August 31, 2019		86,264,000	$	86,264	$	36,122	$	(889,870	)	$	(209	)	$	(10,434	)	$	(778,127	)
Net loss		-		-		-		(54,481	)		-			(8,072	)		(62,553	)
Foreign currency translation		-		-		-		-			(64	)		(66	)		(130	)
Balance, November 30, 2019		86,264,000	$	86,264	$	36,122	$	(944,351	)	$	(273	)	$	(18,572	)	$	(840,810	)

The accompanying notes are an integral part of these unaudited consolidated financial statements

5

FELLAZO CORP.

Consolidated Statements of Cash Flows

(Unaudited)

	Three Months Ended
	November 30,
	2020			2019
Cash Flows from Operating Activities:
Net loss	$	(83,968	)	$	(62,553	)
Adjustments to reconcile net loss to net cash used in operations:
Expenses paid by related party		103,786			76,647
Changes in operating assets and liabilities:
Prepaid		(87	)		9,342
Deposit		6,639			(6,578	)
Accounts payable and accrued liabilities		(12,881	)		(13,000	)
Net Cash Provided by (Used in) Operating Activities		13,489			3,858
Cash Flows from Financing Activities:
Expenses paid on behalf of related party		-			(262,872	)
Advances from related party		8,235			227,708
Repayment to related party		(21,104	)		-
Net Cash Provided by (Used in) Financing Activities		(12,869	)		(35,164	)
Effects on changes in foreign exchange rate		14			306
Net change in cash and cash equivalents		634			(31,000	)
Cash and cash equivalents, beginning of period		6,665			54,467
Cash and cash equivalents, end of period	$	7,299		$	23,467
Supplemental cash flow information
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

The accompanying notes are an integral part of these unaudited consolidated financial statements

6

FELLAZO CORP.

Notes to the Consolidated Financial Statements

For the Period Ended November 30, 2020

(Unaudited)

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Fellazo Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on May 28, 2014.

The Company had commenced to be engaged in the industry of “Healthcare and Personal Wellness” products and related products. Activities include but not limited to sourcing raw materials or partly or fully finished products, manufacturing, wholesale and trading of these products.

Our office is located at 8^th Floor, Wisma Huazong, Lot 15285, 0.7km Lebuhraya SungeiBesi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

Going Concern Uncertainties

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of November 30, 2020, the Company had an accumulated deficit of $1,207,502, and net loss of $83,968 for the three months ended November 30, 2020. Losses have principally occurred as a result of the substantial resources required for general and administrative expenses associated with our operations. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended August 31, 2020.

Principles of Consolidation

The accompanying consolidated financial statements include the financial statements of the Company and its 49% owned subsidiary Fellazo Berhad, an entity under common control. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

7

Variable Interest Entities

The Company holds both the power to direct the most significant activities of FB, as well as an economic interest in FB and, as such, is deemed to be the primary beneficiary or consolidator of FB. The determination of the VIE’s primary beneficiary requires an evaluation of the contractual and implied rights and obligations associated with each party’s relationship with or involvement in the entity, an estimate of the entity’s expected losses and expected residual returns and the allocation of such estimates to each party involved in the entity.

Revenue recognition

The Company commenced its operation in mid-October 2019. At this initial stage revenue is earned from the trading of raw bird-nest only.

The Company’s revenue recognition procedures consist of the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its sales transactions:

• identify the contract with a customer;

• identify the performance obligations in the contract;

• determine the transaction price;

• allocate the transaction price to performance obligations in the contract; and

• recognize revenue as the performance obligation is satisfied.

However, at this initial stage of our operations which started with trading of raw bird-nest, the management is using this stage as exposure of management to the bird-nest business in order to learn and experience with our suppliers. who are bird-nest farmers or their agents, determination of quality of the raw material, the process of raw bird-nest cleaning of the different class of the raw material and market for these clean bird-nest.

At this initial stage we have not entered into any formal contracts with our suppliers and purchasers, most of the suppliers and purchasers are known to our management or introduced to the management by closed business friends.

Cost of Goods Sold – Trading of Raw Bird-Nest

At this initial stage of business operations which the management considered as exposure, gaining of knowledge and experience of the overall bird-nest business, our Cost of goods sold only include the actual cost of the raw bird-nest.

Foreign Currency Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

Exchange Rates	November 30, 2020		August 31, 2020
Spot rate RM : USD exchange rate		0.2457		0.2401
Average period RM : USD exchange rate		0.2417		0.2357

8

NOTE 3 – RELATED PARTY TRANSACTIONS

Our Management Agent, Swipypay Berhad (a company established in Malaysia) is 80% owned by our Director – Mr. Yap Kit Chuan. Total outstanding amount due to our Management Agent was $1,167,909 and $1,073,252 as at November 30, 2020 and August 31, 2020 respectively. The additional amount of $94,657 incurred in the three months ended November 30, 2020 consisted of operating expenses paid on behalf of the Company of $103,786 and advances from a related party of $8,235, and a repayment to related party of $21,104. The difference of amount was a result of change of exchange rate.

NOTE 4 – PREPAID EXPENSES AND DEPOSIT

Prepaid expense and deposit consist of the following: 

	November 30,		August 31,
	2020		2020
Prepaid expenses	$	1,222	$	1,133
Deposit for OEM cleansing and nourishing facial products		-		6,595
	$	1,222	$	7,728

NOTE 5 – SUBSEQUENT EVENTS

On December 8, 2020, Fellazo Corp. (the “Company”) signed a Memorandum of Understanding (MOU) with PT Hyppe Technologi Indonesia (Hyppe). The MOU calls for the Company to purchase twenty percent (20%) of the shares of Hyppe in exchange for the issuance of 22,566,000 shares of common stock of the Company. The MOU is subject to a definitive stock exchange agreement to be signed within three (3) months of the date of the MOU. The MOU is attached as an Exhibit.

9

Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited consolidated financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our consolidated financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our”, “our company” or “the Company” mean Fellazo Corp., and Fellazo Berhad, a Malaysian company, of which we own 49%, unless otherwise indicated.

Overview of Corporate History

Fellazo Corp. was incorporated in the State of Nevada on May 28, 2014. The Company’s fiscal year end is August 31.

Overview of Current Business

The Company’s core business is “Healthcare and Personal Wellness” products - primarily bird-nest based, which include manufacturing and retail (retail chain and online). With our expertise in online applications platforms, we will be developing an online network platform to market and sell our products, and also create a system to source and purchase raw materials we required.

In mid of October 2019, the Company’s 49% subsidiary Fellazo Berhad (“FB”) started purchases of raw bird-nests directly from bird-nest farmers or their agents, and re-selling them to bird-nest processors; wherever possible these raw bird-nests are delivered directly from the farmer to the processor, so that we would not have to maintain a facility to store these raw bird-nests at an early stage of our business development.

FB had an arrangement to utilize a raw bird-nest processing factory located at our office building as a show factory for visits by our potential customers for processed bird-nest and bird-nest based health supplement.

FB had also placed an initial deposit for our OEM personal cleansing and nourishing facial products, these initial batches of products would generally be used for marketing purposes, such as trial samples for potential customers. FB is working with our Management Agent to seek out potential partners for our wellness and personal care products

Due to the outbreak of Covid-19 pandemic and a government-imposed lockdown, we ceased operations mid-January 2020, and have yet to recover even with partial lifting of lockdown.

In view of the still unknown market, economy uncertainty and further regional and district lockdowns, and the fact that bird-nest has been considered a prestige product, our market may take a longer time to recover than other industries.

10

On August 1, 2020, FB executed an Addendum and Update to the existing Management Agent agreement with Swipypay Berhad to include additional functions (which include provision of the show factory) and a new monthly management fee increase from $5,000 to $10,000 per month, in anticipation of FB’s increase in operational volume in the 2021.

Our office is located at 8th Floor, Wisma Huazong, Lot 15285, 0.7 km Lebuhraya Sungei Besi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia. Our corporate website is http://fellazo.com.

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

Results of Operations

The following summary of our results of operations should be read in conjunction with our financial statements included elsewhere in this quarterly report.

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 expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Comparison of the three months ended November 30, 2020 and 2019

	Three Months Ended
	November 30,
	2020		2019		Change			%
Revenue	$	17,016	$	37,865	$	(20,849	)		(55	)%
Cost of Goods Sold		9,558		27,089		(17,531	)		(65	)%
General and administrative expenses		91,426		73,329		18,097			25	%
Net loss	$	83,968	$	62,553	$	21,415			34	%

For the three months ended November 30, 2020, we had revenue of $17,016 and cost of goods sold of $9,558, as compared to $37,865 and $27,089 for the same period in 2019. The Company started with trading of raw bird-nest since fiscal year 2020 and it is an initial stage of our operations.

Our general and administrative expenses were $91,426 for the three months ended November 30, 2020, as compared to $73,329 for the same period in 2019. The increase in general and administrative expenses was primarily due to increased management fees and payroll expense.

Liquidity and Capital Resources

Working Capital

	November 30,			August 31,
	2020			2020			Change			%
Current assets	$	8,521		$	14,393		$	(5,872	)		(41	)%
Current liabilities	$	1,185,189		$	1,103,389		$	81,800			7	%
Working capital deficiency	$	(1,176,668	)	$	(1,088,996	)	$	(87,672	)		8	%

The Company’s current assets consists of cash and cash equivalents of $7,299 and prepaid expense of $1,222 at November 30, 2020, as compared to cash and cash equivalents of $6,665 and prepaid expense and deposit of $7,728 at August 31, 2020.

11

As at November 30, 2020, current liabilities consisted of accounts payable and accrued liabilities of $17,280 and due to a related party of $1,167,909, as compared to August 31, 2020, current liabilities consisted of accounts payable and accrued liabilities of $30,137 and due to a related party of $1,073,252. The increase in current liabilities is primarily due to the operating expenses paid by the related party.

Cash Flows

	Three Months Ended
	November 30,
	2020			2019			Change
Cash provided by operating activities	$	13,489		$	3,858		$	9,631
Cash used in financing activities		(12,869	)		(35,164	)		22,295
Effects on changes in foreign exchange rate		14			306			(292	)
Net change in cash and cash equivalents	$	634		$	(31,000	)	$	31,634

Cash Flow from Operating Activities

Cash flows provided by operations was $13,489 during the three months ended November 30, 2020, compared with $3,858 during the same period in 2019. The increase in cash provided by operating activities is mainly due to an expense paid by related party.

Cash Flow from Financing Activities

During the three months ended November 30, 2020, the Company received $8,235 from a related party, and repaid $21,104 to a related party. During the three months ended November 30, 2019, the Company received $227,708 from a related party and paid $262,872 for expenses on behalf of a related party.

Off-Balance Sheet Arrangements

We have no 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 is material to stockholders.

Critical Accounting Policies and Estimates

Management’s discussion and analysis of our financial condition and results of operations are based upon our unaudited consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. We review the accounting policies used in reporting our financial results on a regular basis. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, net sales and expenses and related disclosure of contingent liabilities. We base our estimates on historical experience and on various other assumptions that we believe are reasonable for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Our actual results may differ materially from these estimates.

For a complete description of our critical accounting policies and estimates, refer to our 2020 Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 28, 2020.

12

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable to smaller reporting companies.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2020. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms as a result of the following material weaknesses:

(1) lack of a functioning audit committee and lack of a majority of outside directors on the Company’s board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures;

(2) inadequate segregation of duties consistent with control objectives;

(3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of U.S. GAAP and SEC disclosure requirements; and

(4) ineffective controls over period end financial disclosure and reporting processes.

The specific material weakness identified by our management was ineffective controls over certain aspects of the financial reporting process because of a lack of a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements and inadequate segregation of duties. A “material weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements would not be prevented or detected on a timely basis.

We expect to be materially dependent upon third parties to provide us with accounting consulting services for the foreseeable future which we believe mitigates the impact of the material weaknesses discussed above. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP and establish an audit committee and implement internal controls and procedures, there are no assurances that the material weaknesses and significant deficiencies in our disclosure controls and procedures will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended November 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

13

PART –I - OTHER INFORMATION

Item 1. Legal Proceedings

As of the date of this Quarterly Report on Form 10-Q, we are not a party to any legal proceedings that could have a material adverse effect on the Company’s business, financial condition or operating results. Further, to the Company’s knowledge no such proceedings have been threatened against the Company.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

14

Item 6. Exhibits

The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the SEC:

		Incorporated by Reference
Exhibit No.	Title	Form	Exhibit	Filing Date
3.1	Articles of Incorporation	S-1	3.1	11/27/2015
3.3	Bylaws	S-1	3.2	11/27/2015
3.4	Certificate of Amendment to Articles of Incorporation, effective as of September 19, 2017	8-K	3.1	09/22/2017
10.1	Stock purchase agreement	10-Q	10.1	04/23/2019
31.1*	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1+	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS+	XBRL Instance Document
101.SCH+	XBRL Taxonomy Extension Schema Document
101.CAL+	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB+	XBRL Taxonomy Extension Label Linkbase Document
101.PRE+	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF+	XBRL Taxonomy Extension Definition Linkbase Document

___________ 

* Filed herewith

+ In accordance with the SEC Release 33-8238, deemed being furnished and not filed.

15

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	FELLAZO CORP.
	(Registrant)
Dated: January 13, 2021	/s/ YAP KIT CHUAN
	YAP KIT CHUAN
	President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

16

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, YAP KIT CHUAN, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Fellazo Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the fiscal year that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: January 13, 2021	By:	/s/ Yap Kit Chuan
		YAP KIT CHUAN
		President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of FELLAZO CORP. for the quarter ended November 30, 2020, as filed with the Securities and Exchange Commission on the date hereof, the undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to best of my knowledge and belief:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 13, 2021	By:	/s/ Yap Kit Chuan
		YAP KIT CHUAN
		President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

A signed original of this written statement required by Section 906, or other documents authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Cover - shares	3 Months Ended
	Nov. 30, 2020	Jan. 11, 2021
Cover [Abstract]
Entity Registrant Name	FELLAZO CORP.
Entity Central Index Key	0001659207
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Nov. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		86,264,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-208237
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	30-0840869
Entity Address Address Line 1	8th Floor, Wisma Huazong
Entity Address Address Line 2	43300 Seri Kembangan
Entity Address Address Line 3	Selangor Darul Ehsan
Entity Address City Or Town	Lot 15285, 0.7 km Lebuhraya Sungei Besi
Entity Address Country	MY
City Area Code	603
Local Phone Number	9547 9638
Entity Interactive Data Current	Yes
Entity Address Postal Zip Code	43300

XML

Consolidated Balance Sheets - USD ($)	Nov. 30, 2020	Aug. 31, 2020
Current Assets
Cash and cash equivalent	$ 7,299	$ 6,665
Prepaid expense and deposit	1,222	7,728
Total Current Assets	8,521	14,393
TOTAL ASSETS	8,521	14,393
Current Liabilities
Accounts payable and accrued liabilities	17,280	30,137
Due to related party	1,167,909	1,073,252
Total Current Liabilities	1,185,189	1,103,389
TOTAL LIABILITIES	1,185,189	1,103,389
Stockholders' Deficit
Common stock, $0.001 par value, 1,000,000,000 shares authorized; 86,264,000 shares issued and outstanding as of November 30, 2020 and August 31, 2020	86,264	86,264
Additional paid-in capital	36,122	36,122
Accumulated deficit	(1,207,502)	(1,143,619)
Accumulated other comprehensive loss	(2,909)	(1,094)
Total Fellazo Corp. Stockholders' Deficit	(1,088,025)	(1,022,327)
Non-controlling interest	(88,643)	(66,669)
Total Stockholders' Deficit	(1,176,668)	(1,088,996)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 8,521	$ 14,393

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2020	Aug. 31, 2020
Consolidated Balance Sheets
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	86,264,000	86,264,000
Common stock, shares outstanding	86,264,000	86,264,000

XML

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
Revenues	$ 17,016	$ 37,865
Cost of Goods Sold	9,558	27,089
Gross profit	7,458	10,776
Operating Expenses
General and administrative expenses	91,426	73,329
Total operating expenses	91,426	73,329
Loss from operations	(83,968)	(62,553)
Loss before taxes	(83,968)	(62,553)
Provision for income tax	0	0
Net loss	(83,968)	(62,553)
Net loss attributable to the non-controlling interest	(20,085)	(8,072)
Net Loss Attributable to The Shareholders of Fellazo Corp.	(63,883)	(54,481)
Other comprehensive loss
Foreign currency translation gain (loss)	(3,704)	(130)
Total comprehensive loss	(87,672)	(62,683)
Comprehensive Loss attributable to the non-controlling interest	(21,974)	(8,138)
Comprehensive Loss Attributable to The Shareholders of Fellazo Corp.	$ (65,698)	$ (54,545)
Basic and dilutive net loss per common share	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic and diluted	86,264,000	86,264,000

XML

Consolidated Statements of Changes in Stockholders Deficit (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated other comprehensive loss [Member]	Non controlling Interest [Member]
Balance, shares at Aug. 31, 2019		86,264,000
Balance, amount at Aug. 31, 2019	$ (778,127)	$ 86,264	$ 36,122	$ (889,870)	$ (209)	$ (10,434)
Net loss	(62,553)	0	0	(54,481)	0	(8,072)
Foreign currency translation	(130)	$ 0	0	0	(64)	(66)
Balance, shares at Nov. 30, 2019		86,264,000
Balance, amount at Nov. 30, 2019	(840,810)	$ 86,264	36,122	(944,351)	(273)	(18,572)
Balance, shares at Aug. 31, 2020		86,264,000
Balance, amount at Aug. 31, 2020	(1,088,996)	$ 86,264	36,122	(1,143,619)	(1,094)	(66,669)
Net loss	(83,968)	0	0	(63,883)	0	(20,085)
Foreign currency translation	(3,704)	$ 0	0	0	(1,815)	(1,889)
Balance, shares at Nov. 30, 2020		86,264,000
Balance, amount at Nov. 30, 2020	$ (1,176,668)	$ 86,264	$ 36,122	$ (1,207,502)	$ (2,909)	$ (88,643)

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Cash Flows from Operating Activities:
Net loss	$ (83,968)	$ (62,553)
Adjustments to reconcile net loss to net cash used in operations:
Expenses paid by related party	103,786	76,647
Changes in operating assets and liabilities:
Prepaid	(87)	9,342
Deposit	6,639	(6,578)
Accounts payable and accrued liabilities	(12,881)	(13,000)
Net Cash Provided by (Used in) Operating Activities	13,489	3,858
Cash Flows from Financing Activities:
Expenses paid on behalf of related party	0	(262,872)
Advances from related party	8,235	227,708
Repayment to related party	(21,104)	0
Net Cash Provided by (Used in) Financing Activities	(12,869)	(35,164)
Effects on changes in foreign exchange rate	14	306
Net change in cash and cash equivalents	634	(31,000)
Cash and cash equivalents, beginning of period	6,665	54,467
Cash and cash equivalents, end of period	7,299	23,467
Supplemental cash flow information
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

3 Months Ended

Nov. 30, 2020

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Fellazo Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on May 28, 2014.

The Company had commenced to be engaged in the industry of “Healthcare and Personal Wellness” products and related products. Activities include but not limited to sourcing raw materials or partly or fully finished products, manufacturing, wholesale and trading of these products.

Our office is located at 8^th Floor, Wisma Huazong, Lot 15285, 0.7km Lebuhraya SungeiBesi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

Going Concern Uncertainties

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of November 30, 2020, the Company had an accumulated deficit of $1,207,502, and net loss of $83,968 for the three months ended November 30, 2020. Losses have principally occurred as a result of the substantial resources required for general and administrative expenses associated with our operations. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Nov. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended August 31, 2020.

Principles of Consolidation

The accompanying consolidated financial statements include the financial statements of the Company and its 49% owned subsidiary Fellazo Berhad, an entity under common control. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

Variable Interest Entities

The Company holds both the power to direct the most significant activities of FB, as well as an economic interest in FB and, as such, is deemed to be the primary beneficiary or consolidator of FB. The determination of the VIE’s primary beneficiary requires an evaluation of the contractual and implied rights and obligations associated with each party’s relationship with or involvement in the entity, an estimate of the entity’s expected losses and expected residual returns and the allocation of such estimates to each party involved in the entity.

Revenue recognition

The Company commenced its operation in mid-October 2019. At this initial stage revenue is earned from the trading of raw bird-nest only.

The Company’s revenue recognition procedures consist of the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its sales transactions:

• identify the contract with a customer;

• identify the performance obligations in the contract;

• determine the transaction price;

• allocate the transaction price to performance obligations in the contract; and

• recognize revenue as the performance obligation is satisfied.

However, at this initial stage of our operations which started with trading of raw bird-nest, the management is using this stage as exposure of management to the bird-nest business in order to learn and experience with our suppliers. who are bird-nest farmers or their agents, determination of quality of the raw material, the process of raw bird-nest cleaning of the different class of the raw material and market for these clean bird-nest.

At this initial stage we have not entered into any formal contracts with our suppliers and purchasers, most of the suppliers and purchasers are known to our management or introduced to the management by closed business friends.

Cost of Goods Sold – Trading of Raw Bird-Nest

At this initial stage of business operations which the management considered as exposure, gaining of knowledge and experience of the overall bird-nest business, our Cost of goods sold only include the actual cost of the raw bird-nest.

Foreign Currency Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

Exchange Rates	November 30, 2020		August 31, 2020
Spot rate RM : USD exchange rate		0.2457		0.2401
Average period RM : USD exchange rate		0.2417		0.2357

XML

RELATED PARTY TRANSACTIONS

3 Months Ended

Nov. 30, 2020

RELATED PARTY TRANSACTIONS

NOTE 3 - RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

Our Management Agent, Swipypay Berhad (a company established in Malaysia) is 80% owned by our Director – Mr. Yap Kit Chuan. Total outstanding amount due to our Management Agent was $1,167,909 and $1,073,252 as at November 30, 2020 and August 31, 2020 respectively. The additional amount of $94,657 incurred in the three months ended November 30, 2020 consisted of operating expenses paid on behalf of the Company of $103,786 and advances from a related party of $8,235, and a repayment to related party of $21,104. The difference of amount was a result of change of exchange rate.

XML

PREPAID EXPENSES AND DEPOSIT

3 Months Ended

Nov. 30, 2020

PREPAID EXPENSES AND DEPOSIT

NOTE 4 - PREPAID EXPENSES AND DEPOSIT

NOTE 4 – PREPAID EXPENSES AND DEPOSIT

Prepaid expense and deposit consist of the following: 

	November 30,		August 31,
	2020		2020
Prepaid expenses	$	1,222	$	1,133
Deposit for OEM cleansing and nourishing facial products		-		6,595
	$	1,222	$	7,728

XML

SUBSEQUENT EVENTS

3 Months Ended

Nov. 30, 2020

SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS

NOTE 5 – SUBSEQUENT EVENTS

On December 8, 2020, Fellazo Corp. (the “Company”) signed a Memorandum of Understanding (MOU) with PT Hyppe Technologi Indonesia (Hyppe). The MOU calls for the Company to purchase twenty percent (20%) of the shares of Hyppe in exchange for the issuance of 22,566,000 shares of common stock of the Company. The MOU is subject to a definitive stock exchange agreement to be signed within three (3) months of the date of the MOU. The MOU is attached as an Exhibit.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Nov. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended August 31, 2020.

Principles of Consolidation

The accompanying consolidated financial statements include the financial statements of the Company and its 49% owned subsidiary Fellazo Berhad, an entity under common control. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

Variable Interest Entities

The Company holds both the power to direct the most significant activities of FB, as well as an economic interest in FB and, as such, is deemed to be the primary beneficiary or consolidator of FB. The determination of the VIE’s primary beneficiary requires an evaluation of the contractual and implied rights and obligations associated with each party’s relationship with or involvement in the entity, an estimate of the entity’s expected losses and expected residual returns and the allocation of such estimates to each party involved in the entity.

Revenue recognition

The Company commenced its operation in mid-October 2019. At this initial stage revenue is earned from the trading of raw bird-nest only.

The Company’s revenue recognition procedures consist of the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its sales transactions:

• identify the contract with a customer;

• identify the performance obligations in the contract;

• determine the transaction price;

• allocate the transaction price to performance obligations in the contract; and

• recognize revenue as the performance obligation is satisfied.

However, at this initial stage of our operations which started with trading of raw bird-nest, the management is using this stage as exposure of management to the bird-nest business in order to learn and experience with our suppliers. who are bird-nest farmers or their agents, determination of quality of the raw material, the process of raw bird-nest cleaning of the different class of the raw material and market for these clean bird-nest.

At this initial stage we have not entered into any formal contracts with our suppliers and purchasers, most of the suppliers and purchasers are known to our management or introduced to the management by closed business friends.

Cost of Goods Sold - Trading of Raw Bird-Nest

At this initial stage of business operations which the management considered as exposure, gaining of knowledge and experience of the overall bird-nest business, our Cost of goods sold only include the actual cost of the raw bird-nest.

Foreign Currency Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

Exchange Rates	November 30, 2020		August 31, 2020
Spot rate RM : USD exchange rate		0.2457		0.2401
Average period RM : USD exchange rate		0.2417		0.2357

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accumulated other comprehensive income

Exchange Rates	November 30, 2020		August 31, 2020
Spot rate RM : USD exchange rate		0.2457		0.2401
Average period RM : USD exchange rate		0.2417		0.2357

XML

PREPAID EXPENSES AND DEPOSIT (Tables)

3 Months Ended

Nov. 30, 2020

PREPAID EXPENSES AND DEPOSIT

Schedule of prepaid expense and deposit

	November 30,		August 31,
	2020		2020
Prepaid expenses	$	1,222	$	1,133
Deposit for OEM cleansing and nourishing facial products		-		6,595
	$	1,222	$	7,728

XML

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2020
ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN
Net loss	$ (83,968)	$ (62,553)
Accumulated deficit	$ (1,207,502)		$ (1,143,619)

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Nov. 30, 2020	Aug. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Spot rate RM : USD exchange rate	0.2457	0.2401
Average period RM : USD exchange rate	0.2417	0.2357

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Nov. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Ownership percentage	4900.00%

XML

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2020
Advance from a related party	$ 8,235	$ 227,708
Expenses paid for related party	0	(262,872)
Due to related party	1,167,909		$ 1,073,252
Repayment to related party	$ (21,104)	$ 0
Mr Yap Kit Chuan [Member]
Ownership percentage hold by yap	8000.00%
Additional amount incurred	$ 94,657
Advance from a related party	8,235
Expenses paid for related party	(362,099)
Due to related party	1,167,909		$ 1,073,252
Operating expenses paid by related party	103,786
Repayment to related party	$ 21,104

XML

PREPAID EXPENSES AND DEPOSIT (Details) - USD ($)	Nov. 30, 2020	Aug. 31, 2020
PREPAID EXPENSES AND DEPOSIT (Details)
Prepaid expenses	$ 1,222	$ 1,133
Deposit for OEM cleansing and nourishing facial products	0	6,595
Prepaid expense and deposit	$ 1,222	$ 7,728

XML

SUBSEQUENT EVENTS (Details Narrative) - shares	Dec. 08, 2020	Nov. 30, 2020	Aug. 31, 2020
Common stock shares issued		86,264,000	86,264,000
Subsequent Event [Member]
Common stock shares issued	22,566,000
Exchange rate	2000.00%