Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 99

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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 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 Philux
Global Energy, Inc. for commercialization.

The
Company intends to integrate these clean energy technologies in the new subsidiary to be established in United Arab Emirates which will
replace its former subsidiary CO2-1-0 (CARBON) Corp. to continue engaging in carbon emission mitigation using blockchain and crypto technologies.

No
assurances can be made that the Company will be successful in achieving its plans.

BUSINESS
STRATEGY

PHI’s
strategy is to:

1.
Identify, build, acquire, commit and deploy valuable resources with distinctive competitive advantages;

2.
Identify, evaluate, acquire, participate and compete in attractive businesses that have large, growing market potential;

3.
Build an attractive investment that includes points of exit for investors through capital appreciation or spin-offs of business units.

SUBSIDIARIES:

As
of November 19, 2024, the Company has the following subsidiaries: (1) Asia Diamond Exchange, Inc., a Wyoming corporation (100%), (2)
Philux Global Funds SCA, SICAV-RAIF, a Luxembourg Reserved Alternative Investment Fund (100%), (3) Philux Luxembourg Development S.A.,
a Luxembourg corporation (100%), (4) PHI Luxembourg Holding SA, a Luxembourg corporation (100%), (5) Philux Global General Partners SA,
a Luxembourg corporation (100%), (6) Philux Capital Advisors, Inc., a Wyoming corporation (100%), (7) Philux Global Advisors, Inc., a
Wyoming corporation (100%), (8) Philux Global Healthcare, Inc., a Wyoming corporation (100%), (9) Philux Global Energy Inc., a Wyoming
corporation (100%), and (10) Philux Global Vietnam Investment and Development Company Ltd., a Vietnamese limited liability company (100%)

4

ASIA
DIAMOND EXCHANGE AND INTERNATIONAL FINANCIAL CENTER IN VIETNAM

Along
with the establishment of Philux Global Funds, the Company has worked with the Authority of Chu Lai Open Economic Zone in Central Vietnam
and the Provinces of Quang Nam and Dong Nai, Vietnam, to develop the Asia Diamond Exchange for lab-grown, rough and polished diamond
together with a multi-commodities and logistics centers.

Mr.
Ben Smet, who successfully established the Dubai Diamond Exchange in