Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 30

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 30
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 shareholder of the Company, also an entity controlled by our Chief Executive Officer
  
    JGK
    Holding (Malaysia) Sdn. Bhd.
     
    JGK
    Holding (Malaysia) Sdn. Bhd. is related company, an entity controlled by our Chief Executive Officer

We
carried out the following significant transactions with the related parties for the period ended April 30, 2025:

SCHEDULE OF SIGNIFICANT TRANSACTION WITH
RELATED PARTY 

    As of April 30, 2025 (Unaudited)  
    As of July 31, 2024 (Audited) 
  
    Transactions with related parties 

    Radiance Holding Corp 

    Management fee 
    $160,000  
    $- 

    JGK Holding (Malaysia) Sdn. Bhd. 

    Loan interest 
    $1,355  
    $- 

The
related party transactions mainly derived from the management fees associated with accounting and administrative work provided by related
party as well as interest charges on working capital loans obtained from related party.

F-19

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
information contained in this quarter report on Form 10-Q is intended to update the information contained in our Form 10-K, dated October
30, 2023, for the year ended July 31, 2023 and presumes that readers have access to, and will have read, the “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The
following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated
financial statements included elsewhere in this Form 10-Q.

The
following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees
of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking
statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We
assume no responsibility to update the forward-looking statements