Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 76

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 8
Chunk 76
---
 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 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