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GOING CONCERN UNCERTAINTIES
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN UNCERTAINTIES

2. GOING CONCERN UNCERTAINTIES

 

As of December 31, 2023, the Company suffered an accumulated deficit of $4,738,914 and operated a net loss of $907,126. The continuation of the Company as a going concern through December 31, 2023 is dependent upon improving the profitability and the fund support is provided by the company’s CEO, Tan Xiaohao, who is the largest shareholder of the company. The Amount due to director is payable to Tan Xiaohao. The Amount due to related party J is also the largest payable related party, which is also a holding company of Tan Xiaohao. Because we believe that Tan Xiaohao has the ability to provide financial support. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.

 

These and other factors 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 effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.