Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 102

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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ux
Global Healthcare, Inc., a Wyoming corporation, was established in February 2023 to replace Phivitae Healthcare, Inc., as a subsidiary
of the Company to cooperate with Dr. Dung Anh Hoang of Belgium and his affiliates to develop a software management system for intensive
care units in Vietnam and launch medical bioplastic products that have ready buyers in Europe and Africa. The Company intends to use
this subsidiary as a holding company to acquire and consolidate targets in the healthcare industry.

PHILUX
GLOBAL ENERGY, INC.

On
January 3, 2022, the Company incorporated “PHILUX GLOBAL ENERGY, INC.” www.philuxge.com as a subsidiary of the Company
to develop renewable energy technologies and serve as the holding company for acquiring energy-related business.

In
May 2023, the company signed a business cooperation agreement with SSE Global JSC, a Vietnamese joint stock company, to establish SSE
Global Group, Inc., a Wyoming corporation, (www.sseglobalgroup.com) to commercialize a self-sustainable energy technology.

In
December 2023 the Company signed an Agreement for Comprehensive Cooperation Agreement with a Vietnamese inventor (the “Inventor”)
to cooperate in the development and implementation of a proprietary clean energy technology using geomagnetic energy and focus on the
following areas: (1) Applying the Inventor’s proprietary inventions that are specifically designed to exploit the earth’s
available geomagnetic energy to generate energy and store energy without using an energy storage system (ESS), (2) Producing and providing
generators using the earth’s available geomagnetic energy, (3) Producing engines (spaceships, airplanes, ships, cars, trains, motorcycles,
etc.) powered by the earth’s available geomagnetic energy, and (4) Developing additional multiple new technologies that the Inventor
has studied and researched. The Parties agree to use Philux Global Energy, Inc., a Wyoming corporation and wholly-owned subsidiary of
Philux Global Group, Inc., Registration Number 2022-001066221, incorporated on January 3, 2022, as the operating company to commercialize
energy-related products based on the proprietary researches and developments of the Inventor group. The Inventor group filed a Provisional
Patent Application with the US Patent and Trademark Office (USPTO) for the “Multi-Impulse Energy System” and shall assign
and transfer certain intellectual properties related to energy generation using the earth’s available geomagnetic energy to Phil