Financial Analysis

Note 10 Commitments and Contingencies Operating leases During 2025, the Company entered into several short-term operating lease agreements for office space in China. These leases are each for a term of one year or less and are therefore not recognized on the balance sheet in accordance with the short-term lease exemption under ASC 842. In July 2024, the Company leased approximately 8 square meters of office space, commencing July 4, 2024, and expiring July 3, 2025, with monthly lease payments of approximately $ 93 . This lease was renewed on July 3, 2025, for an additional term expiring July 3, 2026, with the same monthly payments. In August 2024, the Company commenced another lease expiring July 31, 2025, with monthly payments of approximately $ 278 . This lease was renewed in July 2025 for an additional term expiring October 31, 2025, with the same monthly payments. This lease was renewed in October 2025 for an additional term expiring February 28, 2026, with the same monthly payments. In November 2024, the Company entered into a lease expiring October 31, 2025, with monthly payments of approximately $ 348 . This lease was renewed in October 2025 for an additional term expiring October 30, 2026, with the same monthly payments. The Company recognizes lease expense on a straight-line basis over the lease term. For the years ended December 31, 2025 and 2024, total lease expenses were $ 8,625 and $ 4,936 , respectively. Legal proceedings There has been no legal proceeding in wh …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 5 Income Tax BJKZ is incorporated in the PRC. It is governed by the income tax law of the PRC and is subject to PRC enterprise income tax (EIT). The EIT rate for companies operating in the PRC is 25% . The Companys effective income tax rates were 0% for the years ended December 31, 2025 and 2024 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows: Schedule of effective rates of income taxes Years ended December 31, 2025 2024 U.S. statutory rate 34.0 % 34.0 % Foreign income not registered in the U.S. (34.0 )% (34.0 )% PRC statutory rate 25.0 % 25.0 % Changes in valuation allowance and others (25.0 )% (25.0 )% Effective tax rate 0 % 0 % Income tax payable represented enterprise income tax at a rate of 25% of taxable income that the Company accrued but not paid. Income tax payable as of December 31, 2025 and 2024 comprises: Schedule of income tax expense Years ended December 31, 2025 2024 Current income tax expense $ - $ - Deferred tax expense (benefit) - - Current income tax expense $ - $ - The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be considered more likely than not. I …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Recent Accounting Pronouncements, not yet adopted ASU 2023-09, Income Taxes (ASU 2023-09), requires disclosure of specific categories and disaggregation of information in the rate reconciliation table and expands disclosures related to income taxes paid. The new standard is effective for fiscal years beginning after December 15, 2024 and is to be applied prospectively. The Company is currently evaluating the impact, if any, adoption will have on its consolidated financial statements and disclosures. ASU 2024-02, Codification Improvements-Amendments to Remove References to the Concepts Statements (ASU 2024-02) updates accounting standards for revenue recognition (ASC 606), lease accounting (ASC 842), and impairment of long-lived assets (ASC 360). ASU 2024-02 provides enhanced guidance for estimating variable consideration, accounting for contract modifications, determining lease terms, and simplifying impairment testing for long-lived assets. It also introduces increased disclosure requirements for financial instruments and derivatives. ASU 2024-02 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its consolidated financial statements and disclosures. ASU 2024-03, Disaggregation of Income Statement Expenses (ASU 2024-03), requires public companies to disaggregate key expense categories, such as inventory purchases, employe …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 9 Related Party Transactions and Balances a. Related party Schedule of related party Name of related party Relationship with the Company Suzhou Kesheng Investment Management Co., Ltd. Ms. Guo Li is common director Guo Li Ms. Guo Li is the director of the Company Beijing Cabelongteng The controlling party of this entity is also a shareholder of the Company Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd (Jiecheng) Mr. Hu Ziyong, the Companys Chief Financial Officer holds a 60% ownership interest in Jiecheng Sichuan Chuanghe Culture Media Co., Ltd (Chuanghe) Mr. Hu Ziyong, the Companys Chief Financial Officer serves as supervisor of Chuanghe b. Related Party Transactions During the year ended December 31, 2025, the Company made advances totalling $ 19,952 to Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd (Jiecheng), and advances totalling $ 25,652 to Sichuan Chuanghe Culture Media Co., Ltd (Chuanghe). The advances are unsecured, non-interest bearing, repayable on demand, and are intended to support the working capital requirements of the respective related parties. No interest income, expense, or other income statement effect was recognised in respect of these advances during the year. As of December 31, 2025, the full amounts remained outstanding and are presented within Amounts due from related parties on the consolidated balance sheet. No revenue was recognised from any related party for the year ended December 31, 2025 (2024: $ 179,613 of softw …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 3 Revenue We recorded $ 0 and $ 179,613 in revenue, respectively, for the years ended December 31, 2025 and 2024: Schedule of revenue Years ended December 31, 2025 2024 Software development service $ - $ 179,613 - 179,613 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 12 Segment Reporting The Company operates as one operating segment, providing information technology (IT) development and consulting services to a broad range of clients across various industries. The Companys primary revenue streams include custom software development, IT consulting, and system integration services. These services collectively account for approximately 100% of the Companys revenue. The Companys Chief Operating Decision Maker (CODM) is its Chief Executive Officer (CEO), who evaluates financial performance and allocates resources based on information presented on a consolidated basis. The CODM uses consolidated net income as the primary measure of financial performance and assesses results by comparing actual performance to historical trends and internal forecasts. The categories of significant segment expenses regularly provided to the CODM and included in the measure of segment loss are set out in the table below. The following table presents selected financial information with respect to the Companys single operating segment for the years ended December 31, 2025, and 2024: Schedule of operating segment For the years ended December 31, 2025 2024 Revenue $ - $ 179,613 Cost of sales - (148,879 ) Gross profit - 30,734 Operating expenses: Depreciation 6,833 6,830 Office expense 8,625 5,069 Professional fee 50,364 56,062 Staff costs 22,111 60,146 Impairment of account receivables 18,149 - Other operating expenses 5,977 5,488 Total operating expenses (112,059 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 2 Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and reflect the activities of the following subsidiaries and variable interest entity (VIE): Kesheng HK, Suzhou Keju, and BJKZ. All inter-company transactions and balances have been eliminated in the consolidation. In accordance with U.S. GAAP, VIE are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIE with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIEs for financial reporting purposes. Accounting Standards Codification (ASC) 810-10 Consolidation addresses whether certain types of entities referred to as VIE, such as BJKZ, should be consolidated in a companys consolidated financial statements. Pursuant to the exclusive business cooperation agreement, WFOE has the exclusive right to provide to BJKZ technical development, technical support, management consultation and other related services on an exclusive basis. In accordance with the provisions of ASC 810, the Company has determined that BJKZ is a VIE of the WFOE and that the Company is the primary benef …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Note 13 Subsequent Event There were no subsequent events or transactions that would require recognition or disclosure in financial statements for the year ended December 31, 2025. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Note 8 Commitments and Contingencies During 2024 and 2025, the Company entered into several short-term operating lease agreements for office space in China. These leases are each for a term of one year or less and are therefore not recognized on the balance sheet in accordance with the short-term lease exemption under ASC 842. In July 2024, the Company leased approximately 8 square meters of office space, commencing July 4, 2024, and expiring July 3, 2025, with monthly lease payments of approximately $ 96 . This lease was renewed on July 3, 2025, for an additional term expiring July 3, 2026, with the same monthly payments. In August 2024, the Company commenced another lease expiring July 31, 2025, with monthly payments of approximately $ 289 . This lease was renewed in July 2025 for an additional term expiring October 31, 2025, with the same monthly payments. This lease was renewed in October 2025 for an additional term expiring February 28, 2026, with the same monthly payments. This lease was renewed in March 2026 for an additional term expiring June 30, 2026, with the same monthly payments. In November 2024, the Company entered into a lease expiring October 31, 2025, with monthly payments of approximately $ 361 . This lease was renewed in October 2025 for an additional term expiring October 30, 2026, with the same monthly payments. The Company recognizes lease expense on a straight-line basis over the lease term. For the three months ended March 31, 2026 and 2025, total lea …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 4 Income Tax BJKZ is incorporated in the PRC. It is governed by the income tax law of the PRC and is subject to PRC enterprise income tax (EIT). The EIT rate for companies operating in the PRC is 25% . The Companys effective income tax rates were 0% for the three months ended March 31, 2026 and 2025 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows: Schedule of effective rates of income taxes For the three months ended March 31, 2026 2025 U.S. statutory rate 21.0 % 21.0 % Foreign income not registered in the U.S. (21.0 )% (21.0 )% PRC statutory rate 25.0 % 25.0 % Changes in valuation allowance and others (25.0 )% (25.0 )% Effective tax rate 0 % 0 % Income tax payable represented enterprise income tax at a rate of 25% of taxable income that the Company accrued but not paid. Income tax expense for the three months ended March 31, 2026 and 2025 comprises: Schedule of income tax expense For the three months ended March 31, 2026 2025 Current income tax expense - - Deferred tax expense (benefit) - - Income tax expense - - The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be cons …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Recent Accounting Pronouncements, not yet adopted ASU 2023-09, Income Taxes (ASU 2023-09), requires disclosure of specific categories and disaggregation of information in the rate reconciliation table and expands disclosures related to income taxes paid. The new standard is effective for fiscal years beginning after December 15, 2024 and is to be applied prospectively. The Company is currently evaluating the impact, if any, adoption will have on its consolidated financial statements and disclosures. ASU 2024-02, Codification Improvements-Amendments to Remove References to the Concepts Statements (ASU 2024-02) updates accounting standards for revenue recognition (ASC 606), lease accounting (ASC 842), and impairment of long-lived assets (ASC 360). ASU 2024-02 provides enhanced guidance for estimating variable consideration, accounting for contract modifications, determining lease terms, and simplifying impairment testing for long-lived assets. It also introduces increased disclosure requirements for financial instruments and derivatives. ASU 2024-02 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its consolidated financial statements and disclosures. ASU 2024-03, Disaggregation of Income Statement Expenses (ASU 2024-03), requires public companies to disaggregate key expense categories, such as inventory purchases, employe …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 7 Related Party Transactions and Balances a. Related party Schedule of related party Name of related party Relationship with the Company Suzhou Kesheng Investment Management Co., Ltd. Ms. Guo Li is common director Guo Li Ms. Guo Li is the director of the Company Beijing Cabelongteng The controlling party of this entity is also a shareholder of the Company Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd (Jiecheng) Mr. Hu Ziyong, the Companys Chief Financial Officer holds a 60% ownership interest in Jiecheng Sichuan Chuanghe Culture Media Co., Ltd (Chuanghe) Mr. Hu Ziyong, the Companys Chief Financial Officer serves as supervisor of Chuanghe b. Related Party Transactions During the year ended December 31, 2025, the Company made advances totalling $ 20,252 to Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd (Jiecheng), and advances totalling $ 26,038 to Sichuan Chuanghe Culture Media Co., Ltd (Chuanghe). The advances are unsecured, non-interest bearing, repayable on demand, and are intended to support the working capital requirements of the respective related parties. No interest income, expense, or other income statement effect was recognised in respect of these advances during the year. As of March 31, 2026, repayments totalling $ 24,447 had been received, and the remaining balances are presented within Amounts due from related parties on the consolidated balance sheet. c. Related party balances The Company had the following related party balances a …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 10 Segment Reporting The Company operates as one operating segment, providing information technology (IT) development and consulting services to a broad range of clients across various industries. The Companys primary revenue streams include custom software development, IT consulting, and system integration services. These services collectively account for approximately 100% of the Companys revenue. The Companys Chief Operating Decision Maker (CODM) is its Chief Executive Officer (CEO), who evaluates financial performance and allocates resources based on information presented on a consolidated basis. The CODM uses consolidated net income as the primary measure of financial performance and assesses results by comparing actual performance to historical trends and internal forecasts. The categories of significant segment expenses regularly provided to the CODM and included in the measure of segment loss are set out in the table below. The following table presents selected financial information with respect to the Companys single operating segment for the three months ended March 31, 2026 and 2025: Schedule of operating segment For the three months ended March 31, 2026 2025 Revenue $ - $ - Cost of sales - - Gross profit - - Operating expenses: Depreciation 1,773 1,688 Office expense 2,238 2,131 Professional fee 12,485 5,000 Staff costs 19,894 7,717 Other operating expenses 785 2 Total operating expenses (37,175 ) (16,538 ) Loss from operations (37,175 ) (16,538 ) Other incom …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 2 Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and reflect the activities of the following subsidiaries and variable interest entity (VIE): Kesheng HK, Suzhou Keju, and BJKZ. All inter-company transactions and balances have been eliminated in the consolidation. In accordance with U.S. GAAP, VIE are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIEs for financial reporting purposes. Accounting Standards Codification (ASC) 810-10 Consolidation addresses whether certain types of entities referred to as VIE, such as BJKZ, should be consolidated in a companys consolidated financial statements. Pursuant to the exclusive business cooperation agreement, WFOE has the exclusive right to provide to BJKZ technical development, technical support, management consultation and other related services on an exclusive basis. In accordance with the provisions of ASC 810, the Company has determined that BJKZ is a VIE of the WFOE, that the Company is the primary benefic …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Note 11 Subsequent Event There were no events or transactions that would require recognition or disclosure in financial statements for the three months ended March 31, 2026. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing