Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 22

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 22
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. The industry trends are expected to fuel continued growth, positioning LSEB to advance alongside it.

The
fragmented nature of the North American swimwear marketplace provides a significant opportunity for LSEB to grow through strategic acquisition
of privately operated eCommerce web sites.

19

Criteria
and Process of Identification of Acquisitions

A
strategy of the Company is to pursue opportunities to advance its business through the acquisition of privately operated eCommerce sites.
However, there can be no assurance that suitable acquisition opportunities will be identified. The Company may adopt acquisition strategies
that require it to seek additional financing. If LSEB is unable to obtain sufficient financing on satisfactory terms and conditions,
it may not be able to maintain or increase its market share or expand its business.

Pursuing
Strategic Acquisitions of Independent Swimwear Brands and ECommerce Sites

While
LSEB’s goal is to be one of the largest swimwear suppliers, the fragmented nature of the marketplace provides a significant opportunity
for LSEB to grow through the acquisition of independently operated swimwear lines, stores and e-commerce sites. Management believes the
Company will be well positioned to acquire strategic sites from independent and banner operators by offering attractive opportunities
to become a partner of the LSEB brand.

All
potential acquisitions will be evaluated by management of the Company and will be subject to approval by the board of directors of the
Company. The Company will pursue acquisitions or developments that meet the Company’s objective of acquiring swimwear brands with
positive cash flow.

Method
of Financing Acquisitions

The
Company proposes to use the proceeds from its offering, bank financing, issuance of treasury shares or other securities, private or public
financing, joint venturing of projects or any combination thereof or other means to finance acquisitions. If treasury shares are issued,
such issuance could result in a change in control or further dilution to shareholders. The Company aims to limit debt financing for all
acquisitions to no more than 40% to 50% of the Common Shares equity.

Employees

As
of March 31, 2025, we currently have one full time employee, Lauren Bentley, who does not have a formal employment agreement. We
plan to hire additional employees as needed as the Company grows. In addition, Jordan Starkman is the CFO and he does not have a formal
employment agreement. Furthermore, the Company has 3 consultants working for the Company related to financing activities, brand awareness,
and design and patterns for the swimwear.

ITEM
1A.