Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 98

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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AV-RAIF by launching Philux Global Select Growth Fund and potentially other
sub-funds for investment in real estate, renewable energy, infrastructure, agriculture, healthcare and the International Financial Center
and Asia Diamond Exchange in Vietnam. In addition, Philux Capital Advisors, Inc. (formerly Capital Holdings, Inc.), a wholly owned subsidiary
of the Company, continues to provide corporate and project finance services, including merger and acquisition (M&A) advisory and
consulting services for U.S. and international companies. The Company has also formed Philux Global Advisors, Inc. to serve as the investment
advisor to Philux Global Funds and other potential fund clients in the future.

3

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
June 2023 the Company signed a business cooperation agreement with Saphia Alkali JSC, a Vietnamese joint stock company, to form Sapphire
Alkali Global Group in the United States to finance, manufacture, sell and distribute Saphia Alkali’s proprietary products on a
worldwide basis.

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