Company: IVHI
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001683168-25-005573
Chunk: 8

Company: Invech Holdings, Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 for 10 reverse
stock split and on May 15, 2002, the Company entered into an agreement to acquire the Access Network Limited subsidiary of VOIP Telecom,
Inc., in exchange for the issuance of 8,000,000 shares to shareholders 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were abandoned in 2007 and its Nevada registration was revoked.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, 201