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

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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3, 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, website: www.philuxge.com, 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 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