Company: IVHI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003408
Chunk: 35

Company: Invech Holdings, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 and owners of Access stock and an additional 4,000,000 shares to Keppel
Corp. to extinguish a debt due by Access to Keppel. In addition, IVHI issued 2,00,000 shares as a finder’s fee. Shortly after, the
Company completed a rescission agreement whereby the acquisition was cancelled. All company shares issued for debt settlements were cancelled.

 On March 17, 2003, the Company acquired the
majority interest in Hubei Pharmaceutical Co. Ltd. The Company issued 22,000,000 common shares resulting in a change in control.

On September 10th, 2004, the Company entered
into material agreement, to sell its 57.14% controlling interest in the Hubei Pharmaceutical Co. Ltd. At that time the Company was engaged
in the acquisition and vertical integration of operating subsidiaries and controlling joint venture interests in China to include all
facets of pharmaceutical life sciences from raw materials through dosage form production and distribution. In October 2005, the Company
terminated its participation in the Hubei Tongji Benda Ebei Pharmaceutical Co. Ltd. joint venture in Hubei Province, China. As a result
of the termination of the merger, our stock was further diluted, and our debt increased because we had no operations.

Due to multiple mergers and termination of those mergers,
have historically generated negative cash flow and losses from operations and could experience negative cash flow and losses from operations
in the future. As a result of multiple mergers and termination of such mergers, the Company has accumulated liabilities and has not generated
any revenue. In the past, the Company filed Form S-8s to register stock for issuance in lieu of cash payment to employees and consultants.
In addition, the Company raised money with convertible debentures. As a result, our shareholders have been diluted, and our stock price
has been volatile, and the future of our business and continued operations are uncertain.

Business operations for Invech Holdings, Inc. were
abandoned in 2007 and its Nevada registration was revoked. A custodianship action, as described in the subsequent paragraph, was commenced
in 2017.

On October 17, 2017, the Eighth Judicial District
Court, Clark County, Nevada granted the Application for Appointment of Custodian as a result of the absence of a functioning board of
directors and the revocation of the Company’s charter. The order appointed Small Cap