Table
of Contents



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



Amendment No. 1

FORM 10-K/A



☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



for the fiscal year ended May 31, 2020



or



☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934



For the transaction period from _______
to _______



Commission File No. 333-206804



|SavMobi Technology Inc.                               
|------------------------------------------------------
|(Exact name of registrant as specified in its charter)



|Nevada                                                         |  | 47-3240707                          
|-------------------------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)



Travessa do Cais, No. 3A, Edg. Kai
Lei, Macau, 999078

(Address of principal executive offices,
Zip Code)



+85365230932

(Registrant’s telephone number, including
area code)



N/A

(Former name, former address and former
fiscal year, if changed since last report)



Securities registered pursuant to Section
12(b) of the Exchange Act:



Common stock, par value $0.001 per
share.

(Title of each class)



Indicate by check mark if the registrant
is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes  ☒ No



Indicate by check mark if the registrant
is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes   ☒No



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. ☐ Yes   ☒No



Indicate by check mark whether the registrant
has submitted electronically and every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit such files). ☐ Yes   ☐ No



Indicate by check mark if disclosure of
delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K. ☐ Yes   ☐ No



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2
of the Exchange Act.



|Large accelerated filer | ☐                       | Accelerated filer         | ☐
|----------------------- | ----------------------- | ------------------------- | -
|Non-accelerated filer   | ☐                       | Smaller reporting company | ☒
|                        | Emerging growth company | ☒                        



Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Act). ☒ Yes   ☐ No



If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



State the aggregate market value of the
voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last
sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently
completed second fiscal quarter. N/A





As of May 31, 2020, the
Company has 61,900,000 shares of common stock issued and outstanding



















Use of Certain Defined Terms



Except as otherwise indicated by the context,
references in this report to “Savmobi Technology Inc.”, “we,” “us,” “our,” “our
Company,”



Forward-Looking Statements



This Annual Report on Form 10-K contains
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”). Forward-looking statements discuss matters that are not historical facts. Because they discuss
future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,”
“estimate,” “intend,” “could,” “should,” “would,” “may,”
“seek,” “plan,” “might,” “will,” “expect,” “anticipate,”
“predict,” “project,” “forecast,” “potential,” “continue” negatives
thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying
assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially
different from the results of operations or plans expressed or implied by such forward-looking statements.



We cannot predict all of the risks and
uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described
in such statements or that our objectives and plans will be achieved and we do not assume any responsibility for the accuracy or
completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout
this Annual Report on Form 10-K and include information concerning possible or assumed future results of our operations, including
statements about potential acquisition or merger targets; business strategies; future cash flows; financing plans; plans and objectives
of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future
financial results, and any other statements that are not historical facts.



These forward-looking statements represent
our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other
factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results
expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described
in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the Annual
Report on Form 10-K. All subsequent written and oral forward-looking statements concerning other matters addressed in this Annual
Report on Form 10-K and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this Annual Report on Form 10-K.



Except to the extent required by law, we
undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events,
a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.











1






PART I



ITEM 1. BUSINESS



Business Overview



On March 6, 2015 the Company was incorporated
in the State of Nevada and established a fiscal year end of May 31. Initially the business platform was in providing application
software to a global vendor platform to connect people to businesses and provide a new shopping experience. The Company’s
previous principal offices are located in 73B Bank Avenue, Amritsar, Punjab, 143001, India.



On May 18, 2017, Lakwinder Singh Sidhu,
the Company’s former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd.,
acquired 32,500,000 shares of common stock, representing 68.4% ownership of the Company. After the change ownership, the Company’s
current principal offices are located in Travessa do Cais, No 3A, Edg. Kai Lei, Macau.



The Company has not yet implemented its
initial and new business model and to date has generated no revenues. It is the Company's intention to provide vendor tools technology.
The proposed planned platform connects businesses to consumers based on location and preferences for products and services. Consumers
received promotions while they are travelling via their smartphone. Vendors can send promotions and special offers simply through
the web. When the consumer goes to the vendor's location, they can redeem the promotion through their smartphone allowing the proposed
platform to keep track of performance analytics. SavMobi's proposed Mobile Marketing Platform intends to help businesses by bringing
customers into their door and increasing sales.



Initially we intend to develop and deliver
application Mobile Marketing Platform, containing the Vendor Center and Mobile Apps. The Vendor Center intends to allow SavMobi
vendors to manage and monitor their promos. It is at the proposed core of all SavMobi Vendor Services. SavMobi Members can use
the mobile apps to receive, view & redeem promos, set their preferences, and discover new vendors in their area.



Every business is different, so we've giving
the Vendor the ability to determine the discount or offer what is appropriate for them.



The proposed SavMobi Mobile Apps intends
to provide members with the full consumer experience of the proposed Mobile Marketing Platform. Members can use the mobile apps
to receive, view & redeem promos, set their preferences, and discover new vendors in their area.



We have focused our current operations
on the organization and development of our business plan. Our business plan is intended to design and to create a targeted and
organized approach to building our intended Vendor and Member enrollment. We believe that once the proposed development of SavMobi's
Mobile Marketing Platform is completed, this will allow SavMobi to hit the ground running with many options for our proposed customers.



After the change in control of management,
the Company is phasing out the initial business plan and has now shifted the business operation of the Company outsourced accounting
and bookkeeping services for its clients. Under this revised business plan, the Company will receive a monthly retainer fee from
its clients and has cautiously projected this will have a positive cashflow and generate profit to the Company.









2






Corporate History



The Company was incorporated by its former
president and sole director Mr. Lakwinder Singh Sidhu in the State of Nevada on March 6, 2015, and established a May 31 fiscal
year end. On May 18, 2018, Mr. Lakwinder Singh Sidhu resigned from his official positions as CEO and CFO and on the same day the
shareholders of the Corporation voted Mr. Poh Kee Liew as Director and CEO, and Mr. Gim Hooi Ooi as Director and CFO.



Recent Developments



Capital Stock



The Company’s capitalization is 75,000,000
common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. Total shares issued and
outstanding as of May 31, 2019 is 61,900,000.





On May 18, 2017, Lakwinder Singh Sidhu,
the Company’s former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd.,
acquired 32,500,000 shares of common stock, representing 68.4% ownership of the Company. New Reap Global Ltd., paid $300,000 in
cash.



On March 19, 2018 New Reap Global transferred
250,000 restricted shares to Eng Wah Kung



On May 10th and 30th 2018, 16,959,684
were transferred to Arden Wealth and Trust. 2,000,000 shares are free trading from HongLing Shang, 559,684 restricted shares from
New Reap Global, LTD and 2,400,000 each from Xuedong Zhang, Jingmei Jiang, Qianxian, Yulan Qi, Baoxin Song, Jianlong Wu.



On June 15, 2018 New Reap Global transferred
690,316 restricted shares to EMRD Global Holdings.



On June 26, 2018 New Reap Global transferred
3,000,000 restricted shares to FORTRESS ADVISORS, LLC and 3,000,000 to Baywall Inc.



These transaction were internal transfers
and had no effect on the total shares distributed.



Industry Analysis/Competition



Market Analysis



Initially SavMobi proposed Marketing
Platform and Mobile App was to provide delivery and receipt of promotional offers. Current management plans to maintain some of
the technological advantages of the previous business platform, but to utilize these features in providing accounting and bookkeeping
services, specified towards start-ups, small and medium size businesses, corporations and public listed companies. We aim to help
our clients to ensure that their risks are minimized, whilst also maximizing their opportunity towards profitability.



Research from Statisa Inc (https://www.statista.com)
reveals that revenue of accounting services in the United States from 2009 to 2014 increasing from $81.88B to $94B gradually. This
reflects the exponential demand of accounting services, proving the viability and proof of concepts of the current business plan.









3






Competition



Cited by over 70% of respondents, attracting
and developing new business is the top challenge for accounting and financial services firms. This is in line with a trend across
the professional services industries. In many market segments, it’s growing more and more challenging to generate new clients.
The competition is fierce.



Demand for accounting services depends
on new business formations, the increasing complexity of corporate business, and personal income. The profitability of individual
firms depends on the right mix of services and effective marketing. Large firms have advantages in providing wider ranges of services
to large corporate clients and having the resources to serve customers with many locations. However, small firms can also compete
effectively by specializing and providing superior service.



In a study conducted by The
Sleeter Group, 85% of small business owners surveyed said they want their accountant to help them be more proactive in
helping them find and use technologies that can help their business become more productive. And 76% reported that their
current accountant wasn’t being proactive enough. Nearly half (47%) reported they had changed their accounting firm in
the past, at least in part because the firm only provided responsive services.



Patent and Trademarks



We do not currently own any domestic or
foreign patents relating to our initial proposed Mobile Marketing Platform and current new plan on accounting and bookkeeping services
business.



Employees



As of May 31, 2020, other than its CEO,
Mr. Poh Kee Liew and its CFO Mr. Gim Hooi Ooi, the Company has no employees.



ITEM 1A. RISK FACTORS



As a “smaller reporting company,”
as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.



ITEM 1B. UNRESOLVED STAFF COMMENTS



Not applicable to a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K.



ITEM 2. PROPERTIES



The Company does not own any real estate
or other properties and has not entered into any long term lease or rental agreements for property.



ITEM 3. LEGAL PROCEEDINGS



There are no pending legal proceedings
to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially
of more than 5% of any class of voting securities of the Company, or stockholder is a party adverse to the Company or has a material
interest adverse to the Company.



ITEM 4. MINE SAFETY DISCLOSURES



Not applicable.





4








PART II



ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES



Market Information



Our common stock was not quoted on any
exchange or trading platform and therefore no data is available for the periods ended May 31, 2020 and May 31, 2019.



ITEM 6. SELECTED FINANCIAL DATA



Not applicable to a “smaller reporting
company” as defined in Rule 12b-2 of the Exchange Act.



ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS



This Management’s Discussion and
Analysis of Financial Condition and Results of Operations is intended to provide a reader of our financial statements with a narrative
from the perspective of our management on our financial condition, results of operations, liquidity, and certain other factors
that may affect our future results. The following discussion and analysis should be read in conjunction with our audited consolidated
financial statements and the accompanying notes thereto included in “Item 8. Financial Statements and Supplementary Data.”
In addition to historical financial information, the following discussion and analysis contains forward-looking statements that
involve risks, uncertainties and assumptions. See “Forward-Looking Statements.” Our results and the timing of selected
events may differ materially from those anticipated in these forward-looking statements as a result of many factors.



Business Overview



SavMobi initially was a technology provider
of vendor tools.



After the change in control of management,
the Company is phasing out the initial business plan and has now shifted the business operation of the Company to outsourced accounting
and bookkeeping services for its clients. Under this revised business plan, the Company will receive a monthly retainer fee from
its clients and has cautiously projected this will have a positive cashflow and generate profit to the Company. We aim to help
our clients to ensure that their risks are minimized, whilst also maximizing their opportunity towards profitability.



Plan of Operations



After the change in control of management,
the Company is phasing out the initial business plan and has now shifted the business operation of the Company outsourced accounting
and bookkeeping services for its clients. Management is now reviewing a Macau company to acquire as its subsidiary to hold our
accounting and bookkeeping business. We tentatively plan on opening our office in Macau and beginning full operations within the
next 12 months. As part of this plan, we intend on recruiting an executive account manager and bookkeeper as we begin to actively
source for new clients to outsource their bookkeeping and accounting services to us directly. We estimate we will have sufficient
cash flow to maintain the Company’s daily operations within next 12 months.









5






Going Concern



Our auditor has indicated in their reports
on our financial statements for the fiscal years ended May 31, 2020 and May 31, 2019, that conditions exist that raise substantial
doubt about our ability to continue as a going concern due to our recurring losses from operations, deficit in equity, and the
need to raise additional capital to fund operations. A “going concern” opinion could impair our ability to finance
our operations through the sale of debt or equity securities.



Results of Operations



Fiscal Year Ended May 31, 2020 compared
to Fiscal Year Ended to May 31, 2019



We did not earn any revenues from March
6, 2015 (inception) to May 31, 2020.



The company had no expenses for the year
ended May 31, 2020.



Capital Resources and Liquidity



Our auditor’s report on our May 31,
2020 financial statements expresses an opinion that substantial doubt exists as to whether we can continue as an ongoing business.
Since our sole director maybe unwilling or unable to loan or advance us additional capital, we believe that if we do not raise
additional capital over the next 12 months, we may be required to suspend or cease the implementation of our business plans. See
“May 31, 2020 Audited Financial Statements – Auditors Report.”



As of May 31, 2020 and May 31, 2019, we
had no cash.



The Company requires additional funding
to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our
ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising capital
to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities
that might result from this uncertainty.



We expect to incur marketing and professional
and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require additional
funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing,
we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition
and operating results. Additional funding may not be available on favorable terms, if at all. The Company intends to continue to
fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed
would have a material adverse effect on our business, financial condition and results of operations.



If we cannot raise additional funds, we
will have to cease business operations. As a result, investors in the Company’s common stock would lose all of their investment.









6






Off Balance Sheet Arrangements



There are no off-balance sheet arrangements
currently contemplated by management or in place that are reasonably likely to have a current or future effect on the business,
financial condition, changes in financial condition, revenue or expenses, result of operations, liquidity, capital expenditures
and/or capital resources.



Recent Accounting Pronouncements



The Company has implemented all new accounting
pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new
accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.



ITEM 7A. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK



Not applicable to a “smaller reporting
company” as defined in Rule 12b-2 of the Exchange Act.



ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA



The full text of the Company's consolidated
financial statements for the fiscal years ended May 31, 2020 and May 31, 2019, begins on page F-1 of this Annual Report on Form
10-K.



ITEM 9. CHANGES IN AND DISAGREEMENTS
WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES



There have been no changes in or disagreements
with accountants regarding our accounting, financial disclosures or any other matter.



ITEM 9A. CONTROLS AND PROCEDURES



Evaluation of Disclosure Controls and
Procedures



The management of the Company is responsible
for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes-Oxley (SOX) Section
404 A. The Company’s internal control over financial reporting is a process designed under the supervision of the Company’s
Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of the Company’s financial statements for external purposes in accordance with U.S. generally accepted
accounting principles.



Management assessed the effectiveness of
the Company’s internal control over financial reporting based on the criteria for effective internal control over financial
reporting established in SEC guidance on conducting such assessments as of the end of the period covered by this report. Management
conducted the assessment based on certain criteria established in Internal Control - Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management concluded that our internal controls
over financial reporting were not effective as of May 31, 2020.









7






The matters involving internal controls
and procedures that the Company’s management considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee and lack of a majority of outside directors on the Company's
board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures;
(2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting
and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (4) ineffective
controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by
the Company's Chief Financial Officer in connection with the review of our financial statements as of May 31, 2020 and communicated
the matters to our management.



Management believes that the material weaknesses
set forth in items (2), (3) and (4) above did not have an effect on the Company's financial results. However, management believes
that the lack of a functioning audit committee and lack of a majority of outside directors on the Company's board of directors,
resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures can result
in the Company's determination to its financial statements for the future years.



We are committed to improving our financial
organization. As part of this commitment, we will create a position to segregate duties consistent with control objectives and
will increase our personnel resources and technical accounting expertise within the accounting function when funds are available
to the Company: i) Appointing one or more outside directors to our board of directors who shall be appointed to the audit committee
of the Company resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring
of required internal controls and procedures; and ii) Preparing and implementing sufficient written policies and checklists which
will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and
SEC disclosure requirements.



Management believes that the appointment
of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning
audit committee and a lack of a majority of outside directors on the Company's Board. In addition, management believes that preparing
and implementing sufficient written policies and checklists will remedy the following material weaknesses (i) insufficient written
policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and
SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes. Further, management
believes that the hiring of additional personnel who have the technical expertise and knowledge will result proper segregation
of duties and provide more checks and balances within the department. Additional personnel will also provide the cross training
needed to support the Company if personnel turn over issues within the department occur. This coupled with the appointment of additional
outside directors will greatly decrease any control and procedure issues the company may encounter in the future.



We will continue to monitor and evaluate
the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis
and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds
allow.



This annual report does not include an
attestation report of the company’s registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by the company’s registered public accounting firm pursuant to temporary
rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual
report.



There have been no changes in our internal
control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a-15 or 15d-15
under the Exchange Act that occurred during the small business issuer's last fiscal year that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.



We will continue to monitor and evaluate
the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis
and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds
allow.



Changes in Internal Control over Financial
Reporting



There were no changes that have affected,
or are reasonably likely to materially affect, our internal control over financial reporting (as defined in Rules 13a-15(f) or
15d-15(f) under the Exchange Act) during the fiscal year ended May 31, 2020.



ITEM 9B. OTHER INFORMATION



None.







8






PART III



ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE



Our executive officers and director are
as follows:



|Name         |  | Age |  | Position                                                      
|------------ |  | --- |  | --------------------------------------------------------------
|Poh Kee Liew |  | 48  |  | Chief Executive Officer and Chairman of the Board of Directors
|Gim Hooi Ooi |  | 39  |  | Chief Financial Officer and member of the Board of Directors  



Mr. Liew and Mr. Ooi have held their offices/positions
since May 18, 2017. Mr. Liew and Mr. Ooi are expected to hold their offices/positions at least until the next annual meeting of
our stockholders.



The former officer of the Company Mr. Lakwinder
Singh Sidhu resigned his positions on May 18, 2017.



Business Experience



Mr. Liew, 48, is the current CEO of New
Asia Energy, Inc. and was the Director of Business Development for AD Channel Creative, a Malaysian company since 2008. He
has more than 20 years’ experience in internal financial and public relations management. He is a recognized graphic
designer, and accomplished in internet social media platform development. Mr. Liew has a Diploma in Graphic Design from the PJ
College Art and Design, Malaysia, in 1995.



Mr. Ooi, Age 39, brings years of executive
experience in the banking and financial services. He is the current CFO of Wike Corporation and was formerly Senior Relationship
Manager of Alliance Bank Malaysia Berhad and Account Relationship Manager at Hong Leong Bank Berhad. Mr. Ooi graduated with a BA
in Mass Communication from University of Tunku Abdul Rahman in 2005.



Director Independence



Our board of directors is currently composed
of two members, Mr. Poh Kee Liew and Mr. Gim Hooi Ooi, who do not qualify as independent directors in accordance with the published
listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such
as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor
any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not
made a subjective determination as to each director that no relationship exists which, in the opinion of our board of directors,
would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such
subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors
would have reviewed and discussed information provided by the directors and us with regard to each director’s business and
personal activities and relationships as they may relate to us and our management.



Involvement in Legal Proceedings



To our knowledge, there have been no material
legal proceedings during the last ten years that would require disclosure under the federal securities laws that are material to
an evaluation of the ability or integrity of any of our directors or executive officers.



Potential Conflicts of Interest



We are not aware of any current or potential
conflicts of interest with Mr. Liew or Mr. Ooi, other business interests and his involvement with SavMobi Technology Inc.









9






ITEM 11. EXECUTIVE COMPENSATION



Summary Compensation Table



SavMobi Technology Inc., has made no provisions
for paying cash or non-cash compensation to its sole officer and director. No salaries are being paid at the present time, and
none will be paid unless and until our operations generate sufficient cash flows.



The table below summarizes all compensation
awarded to, earned by, or paid to our named executive officer for all services rendered in all capacities to us for the period
from inception through May 31, 2020.



Summary Compensation of Named Executive
Officers



|Name and Principal Position            |  | Fiscal Year |  | Salary ($) |   |  | Bonus ($) |  |   | Stock
        Awards ($) |  |  | Option
        Awards ($) |  |  | All Other Compensation ($) |   |  | Total ($) | 
|-------------------------------------- |  | ----------- |  | ---------- | - |  | --------- |  | - | ------------------------ |  |  | ------------------------- |  |  | -------------------------- | - |  | --------- | 
|Lakwinder Singh Sidhu (former officer) |  | 2016        |  |            | - |  |           |  | - |                          |  |  | -                         |  |  |                            | - |  |           | 
|Lakwinder Singh Sidhu (former officer) |  | 2017        |  |            | - |  |           |  | - |                          |  |  | -                         |  |  |                            | - |  |           | 
|Poh Kee Liew - CEO                     |  | 2017-20     |  |            | - |  |           |  | - |                          |  |  | -                         |  |  |                            | - |  |           | 
|Gim Hooi Ooi - CFO                     |  | 2017-20     |  |            | - |  |           |  | - |                          |  |  | -                         |  |  |                            | - |  |           | 



Mr. Liew and Mr. Ooi have held their offices/positions
since May 18, 2017. Mr. Liew and Mr. Ooi are expected to hold their offices/positions at least until the next annual meeting of
our stockholders.



The former officer of the Company Mr. Lakwinder
Singh Sidhu resigned his positions on May 18, 2017.



Outstanding Equity Awards at Fiscal
Year End



We did not pay any salaries in 2020 or
2019. None of our executive officers received any equity awards, including, options, restricted stock, performance awards or other
equity incentives during the fiscal year ended May 31, 2020 and May 31, 2019 for SavMobi Technology Inc.



Employment Contracts



SavMobi Technology has not entered into
any employment agreements with its former sole officer and director. After change in control on May 18, 2016, Company also did
not sign any employment agreement with newly appointment CEO and CFO. However, Company has no plans to pay them their salary for
the foreseeable future.



Stock Awards Plan



The company has not adopted a Stock Awards
Plan, but may do so in the future. The terms of any such plan have not been determined.









10






Director Compensation



The Board of Directors of the Company has
not adopted a stock option plan. The company has no plans to adopt it but may choose to do so in the future. If such a plan is
adopted, this may be administered by the board or a committee appointed by the board (the “Committee”). The committee
would have the power to modify, extend or renew outstanding options and to authorize the grant of new options in substitution therefore,
provided that any such action may not impair any rights under any option previously granted. SavMobi Technology Inc. may develop
an incentive based stock option plan for its officers and directors and may reserve up to 10% of its outstanding shares of common
stock for that purpose.



The table below summarizes all compensation
awarded to, earned by, or paid to our directors for all services rendered in all capacities to us for the period from inception
(March 6, 2015) through May 31, 2020.



|DIRECTOR COMPENSATION                  
|---------------------------------------
|Name                                   
|Lakwinder Singh Sidhu (former director)
|Poh Kee Liew                           
|Gim Hooi Ooi                           



Mr. Liew and Mr. Ooi have held their offices/positions
since May 18, 2017. Mr. Liew and Mr. Ooi are expected to hold their offices/positions at least until the next annual meeting of
our stockholders.



The former officer of the Company Mr. Lakwinder
Singh Sidhu resigned his positions on May 18, 2017.



Board Committees



We have not formed an Audit Committee,
Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this Annual Report. Our Board of Directors
performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our Board
of Directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee
financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit
committee financial expert at this time.











11






ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS



The following table sets forth certain
information with respect to the beneficial ownership of our voting securities by (i) each director and named executive officer,
(ii) all executive officers and directors as a group; and (iii) each shareholder known to be the beneficial owner of 5% or more
of the outstanding common stock of the Company as of May 31, 2020.



Beneficial ownership is determined in accordance
with the rules of the SEC. Generally, a person is considered to beneficially own securities: (i) over which such person, directly
or indirectly, exercises sole or shared voting or investment power, and (ii) of which such person has the right to acquire beneficial
ownership at any time within 60 days (such as through exercise of stock options or warrants). For purposes of computing the percentage
of outstanding shares held by each person or group of persons, any shares that such person or persons has the right to acquire
within 60 days of May 31, 2020 are deemed to be outstanding, but are not deemed to be outstanding for the purpose of computing
the percentage ownership of any other person. The inclusion herein of any shares listed as beneficially owned does not constitute
an admission of beneficial ownership.





|Name and Address of Beneficial Owner                                                                       |  | Amount and Nature of Beneficial Ownership Common Stock (1) |           
|---------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------- | ----------
|Directors and Officers                                                                                     |  | No. of Shares                                              |           
|New Reap Global Ltd.                                                                                       |  |                                                            |           
|Room 301, Unit 3, Bld B1, Qingchun Rd 6
        Yuan,
        Huairou District, Beijing, China.            |  |                                                            | 25,000,000
|                                                                                                           |  |                                                            |           
|Arden Wealth & Trust (Switzerland)
        AG
        Bellerivestr 11,
        Zurich CH-8008, Switzerland |  |                                                            | 16,959,684
|                                                                                                           |  |                                                            |           
|Poh Kee Liew
        17, Jln 22/154, Tmn Bukit Anggerik, 56000
        Cheras, Malaysia.                   |  |                                                            | -         
|                                                                                                           |  |                                                            |           
|Gim Hooi Ooi
        21, Simpang N/V, 34700 Simpang, Taiping,
        Perak, Malaysia                      |  |                                                            | -         
|                                                                                                           |  |                                                           
|All officers, directors and Related Party as a group                                                       |  |                                                            | 41,959,684

_________

|(1) | Based on 61,900,000 shares of common stock issued and outstanding as of May 31, 2018.                                                                                                                                                                                                                   
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | On May 18, 2017, Lakwinder Singh Sidhu, the Company’s former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd., acquired 32,500,000 shares of common stock, representing 68.4% ownership of the Company. New Reap Global Ltd., paid $300,000 in cash.  
|(3) | On March 19, 2018 New Reap Global transferred 250,000 restricted shares to Eng Wah Kung                                                                                                                                                                                                                 
|(4) | On May 10th and 30th 2018, 16,959,684 were transferred to Arden Wealth
    and Trust. 2,000,000 shares are free trading from HongLing Shang, 559,684 restricted shares from New Reap Global, LTD and
    2,400,000 each from Xuedong Zhang, Jingmei Jiang, Qianxian, Yulan Qi, Baoxin Song, Jianlong Wu.
|(5) | On June 15, 2018 New Reap Global transferred 690,316 restricted shares to EMRD Global Holdings.                                                                                                                                                                                                         
|(6) | On June 26, 2018 New Reap Global transferred 3,000,000 restricted shares to FORTRESS
    ADVISORS, LLC and 3,000,000 to Baywall Inc.                                                                                                                                                                    



















12






ITEM 13. CERTAIN RELATIONSHIP
AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.



Transactions with Related Persons



On April 28, 2015, the Company issued 375,000,000
(7,500,000 pre-split) common shares at $0.00001 ($0.001 pre-split) per share to the sole director and President of the Company
for cash proceeds of $7,500.



On April 20, 2016, the directors of the
Company approved a special resolution to undertake a forward split of the common stock of the company on a basis of 50 new common
shares for 1 old common share. All references in these financial statements to number of common shares, price per share and weighted
average number of shares outstanding prior to the 200:1 forward split have been adjusted to reflect the stock split on a retroactive
basis, unless otherwise noted.



On January 25, 2016, the founding shareholder
returned 342,500,000 (6,850,000 pre-split) restricted shares of common stock to treasury for $10 and the shares were subsequently
cancelled by the Company.



On May 18, 2017, Lakwinder Singh Sidhu,
the Company’s former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd.,
acquired 32,500,000 shares of common stock, representing 68.4% ownership of the Company. New Reap Global Ltd., paid $300,000 in
cash.



During this year, the Company received
$19,529 from Lakhwinder Singh Sidhu, the Company’s former President and Director, for operating expenses payment and paid
back $3,037. On May 1, 2017, the former president of the Company forgave the related party loan to the Company of $20,695. This
is reflected in the financial statements as a credit to Additional-Paid-In-Capital.



ITEM 14. PRINCIPAL ACCOUNTANT FEES AND
SERVICES.



Fees paid to Auditors



Audit Fees



For the fiscal year ended May 31, 2020,
audit fees were $0. For the period ended May 31, 2019, audit fees were $0



The SEC requires that before our independent
registered public accounting firm is engaged by us to render any auditing or permitted non-audit related service, the engagement
be either: (i) approved by our Audit Committee or (ii) entered into pursuant to pre-approval policies and procedures established
by the Audit Committee, provided that the policies and procedures are detailed as to the particular service, the Audit Committee
is informed of each service, and such policies and procedures do not include delegation of the Audit Committee’s responsibilities
to management.



We do not have an Audit Committee. Our
Board pre-approves all services provided by our independent registered public accounting firm.





PART IV



ITEM 15. EXHIBITS, FINANCIAL STATEMENT
SCHEDULES



Please see the “Exhibit Index,”
which is incorporated herein by reference, following the signature page for a list of our exhibits.



EXHIBIT INDEX



|31.1 |  | Certification of Chief Executive Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934                                
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------
|     |  |                                                                                                                                                
|31.2 |  | Certification of Chief Financial Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934                                
|     |  |                                                                                                                                                
|32.1 |  | Certification of Chief Executive Officer Executive Officer under Section 1350 as Adopted pursuant Section 906 of the Sarbanes-Oxley Act of 2002
|     |  |                                                                                                                                                
|32.2 |  | Certification of Chief Financial Officer under Section 1350 as Adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002               













13








Index to Financial Statements







|Report of Independent Registered Public Accounting Firm                    | F-2
|-------------------------------------------------------------------------- | ---
|Balance Sheet at May 31, 2020                                              | F-3
|Statements of Operations for the Twelve Months ended May 31, 2020 and 2019 | F-4
|Statements of Stockholders Equity                                          | F-5
|Statements of Cash Flows for the Twelve Months ended May 31, 2020 and 2019 | F-6
|Notes to Financial Statements                                              | F-7
|                                                                           |    
|                                                                           |    













F-1






Report of Independent Registered Public
Accounting Firm



To the shareholders and the board of directors
of SavMobi Technology, Inc.



Opinion on the Financial Statements



We have audited the accompanying balance
sheets of SavMobi Technology, Inc. as of May 31, 2020 and 2019, the related statements of operations, stockholders' equity (deficit),
and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of
May 31, 2020 and 2019, and the results of its operations and its cash flows for the years then ended, in conformity with accounting
principles generally accepted in the United States.



Basis for Opinion



These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.



We conducted our audit in accordance with
the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have,
nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required
to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the
effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.



Our audit included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable
basis for our opinion.



Substantial Doubt about the Company’s
Ability to Continue as a Going Concern



The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the
Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues
to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue
as a going concern. Management's plans in regard to these matters are also described in Note 3. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.



/S/ BF Borgers CPA PC

BF Borgers CPA PC



We have served as the Company's auditor
since 2020

Lakewood, CO

November 6, 2020









F-1











SAVMOBI TECHNOLOGY INC.

BALANCE SHEETS





|                                                                                                                                                         |  | May 31, |          |   | May 31, |  
|-------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------- | -------- | - | ------- | -
|                                                                                                                                                         |  | 2020    |          |   | 2019    |  
|ASSETS                                                                                                                                                   |  |         |          |   |         |  
|Current assets                                                                                                                                           |  |         |          |   |         |  
|Cash and cash equivalents                                                                                                                                |  | $       | –        |   |         | $
|Total current assets                                                                                                                                     |  |         | –        |   |         |  
|                                                                                                                                                         |  |         |          |   |         |  
|TOTAL ASSETS                                                                                                                                             |  | $       | –        |   |         | $
|                                                                                                                                                         |  |         |          |   |         |  
|LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                    |  |         |          |   |         |  
|Current liabilities                                                                                                                                      |  |         |          |   |         |  
|Accounts payable and accrued liabilities                                                                                                                 |  | $       | –        |   |         | $
|Due to related party                                                                                                                                     |  |         | –        |   |         |  
|Total current liabilities                                                                                                                                |  |         | –        |   |         |  
|                                                                                                                                                         |  |         |          |   |         |  
|Stockholders’ deficit                                                                                                                                    |  |         |          |   |         |  
|Common stock ($.001 par value, 75,000,000 shares authorized, 61,900,000 shares issued and outstanding as of May 31, 2020 and May 31, 2019, respectively) |  |         | 61,900   |   |         |  
|Additional paid in capital                                                                                                                               |  |         | 114,197  |   |         |  
|Accumulated deficit                                                                                                                                      |  |         | (176,097 | ) |         |  
|Total stockholders’ deficit                                                                                                                              |  |         | –        |   |         |  
|                                                                                                                                                         |  |         |          |   |         |  
|TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                              |  | $       | –        |   |         | $



The accompanying notes are an integral
part of these  financial statements.





F-2







SAVMOBI TECHNOLOGY INC.

STATEMENTS
OF OPERATIONS





|                                              |  | Twelve months ended May 31, 2020 |            |   | Twelve months ended May 31, 2019 |  
|--------------------------------------------- |  | -------------------------------- | ---------- | - | -------------------------------- | -
|Operating expenses                            |  |                                  |            |   |                                  |  
|General and administrative expenses           |  | $                                | –          |   |                                  | $
|Professional expenses                         |  |                                  | –          |   |                                  |  
|Total operating expenses                      |  |                                  | –          |   |                                  |  
|                                              |  |                                  |            |   |                                  |  
|Other income                                  |  |                                  |            |   |                                  |  
|Exchange gain (loss)                          |  |                                  | –          |   |                                  |  
|Total other income (expense)                  |  | $                                | –          |   |                                  | $
|                                              |  |                                  |            |   |                                  |  
|Net loss                                      |  | $                                | –          |   |                                  | $
|Net loss per common share – Basic and Diluted |  | $                                | (0.00      | ) |                                  | $
|Weighted average number of shares outstanding |  |                                  | 61,900,000 |   |                                  |  



The accompanying notes are an integral
part of these  financial statements.













F-3














SAVMOBI TECHNOLOGY INC.

STATEMENTS
OF STOCKHOLDERS EQUITY







|                                            |  | Common Stock |            |  | Additional Paid-in |   |        | Stock Subscription |  |   | Accumulated |  |  |         |  
|------------------------------------------- |  | ------------ | ---------- |  | ------------------ | - | ------ | ------------------ |  | - | ----------- |  |  | ------- | -
|                                            |  | Shares       |            |  | Amount             |   |        | Capital            |  |   | Receivable  |  |  | Deficit |  
|                                            |  |              |            |  |                    |   |        |                    |  |   |             |  |  |         |  
|Balance, May 31, 2018                       |  |              | 61,900,000 |  |                    | $ | 61,900 |                    |  | $ | 114,197     |  |  | $       | –
|                                            |  |              |            |  |                    |   |        |                    |  |   |             |  |  |         |  
|Net income  for the year ended May 31, 2019 |  |              | –          |  |                    |   | –      |                    |  |   | –           |  |  |         | –
|                                            |  |              |            |  |                    |   |        |                    |  |   |             |  |  |         |  
|Balance, May 31, 2019                       |  |              | 61,900,000 |  |                    |   | 61,900 |                    |  |   | 114,197     |  |  |         | –
|                                            |  |              |            |  |                    |   |        |                    |  |   |             |  |  |         |  
|Net income for the year ended May 31, 2020  |  |              | –          |  |                    |   | –      |                    |  |   | –           |  |  |         | –
|                                            |  |              |            |  |                    |   |        |                    |  |   |             |  |  |         |  
|Balance, May 31, 2020                       |  |              | 61,900,000 |  |                    | $ | 61,900 |                    |  | $ | 114,197     |  |  | $       | –









The accompanying notes are an integral
part of these  financial statements.













F-4







SAVMOBI
TECHNOLOGY INC.

STATEMENTS
OF CASH FLOWS





|                                                                            |  | Twelve
months
                                                                               ended
                                                                               May
                                                                               31, 2020 |   |  | Twelve months
                                                                               ended
                                                                               May 31, 2019 |  
|--------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -
|Cash flows from operating activities:                                       |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Net loss                                                                    |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $
|Adjustments to reconcile net loss to net cash used in operating activities: |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Stock-based compensation                                                    |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Changes in operating assets and liabilities:                                |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Accounts payables and accrued liabilities                                   |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Net cash used in operating activities                                       |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Cash flows from financing activity:                                         |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Proceeds from related parties                                               |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Net cash provided by financing activity                                     |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|                                                                            |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Net decrease in cash and cash equivalents                                   |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Cash and cash equivalents, beginning of period                              |  |                                                                                                                                                                                                                                                                               | – |  |                                                                                                                                                                                                |  
|Cash and cash equivalents, end of period                                    |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $
|                                                                            |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|SUPPLEMENTAL CASH FLOW DISCLOSURES:                                         |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Interest paid                                                               |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $
|Income taxes paid                                                           |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $
|                                                                            |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|NON-CASH TRANSACTIONS:                                                      |  |                                                                                                                                                                                                                                                                               |   |  |                                                                                                                                                                                                |  
|Operating expense paid by related party                                     |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $
|Accounts payable paid off by related party                                  |  | $                                                                                                                                                                                                                                                                             | – |  |                                                                                                                                                                                                | $



The accompanying
notes are an integral part of these  financial statements.











F-5







SAVMOBI TECHNOLOGY INC.

NOTES TO FINANCIAL
STATEMENTS



NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION








On
March 6, 2015, SavMobi Technology Inc. (“the Company”, “we”, “us” or “our”) was
incorporated in the State of Nevada and established a fiscal year end of May 31. Initially the business platform was in providing
application software to a global vendor platform to connect people to businesses and provide a new shopping experience. The Company’s
previous principal offices are located in 73B Bank Avenue, Amritsar, Punjab, 143001, India.



On May 18, 2017, Lakwinder Singh Sidhu, the Company’s
former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd. acquired 32,500,000 shares
of common stock, representing 68.4% ownership of the Company. After the change of ownership, the Company’s current principal
offices are located in Travessa do Cais, No 3A, Edg. Kai Lei, Macau.



The Company has not yet implemented its initial and new business
model and to date has generated no revenues.



NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES












Basis
of Presentation



The
accompanying financial statements have been prepared in accordance with generally accepted accounting principles for financial
information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States
generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been
no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended May 31, 2020
included in the Company’s Form 10-K/A filed with the Securities and Exchange Commission. The financial statements should
be read in conjunction with those financial statements included in the Form 10-K/A. In the opinion of Management, all adjustments
considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results
for the twelve months ended May 31, 2020 are not necessarily indicative of the results that may be expected for the year ending
May 31, 2020.





Use of Estimates



The preparation of the financial statements in conformity with
generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the period. The management makes its best estimate of the outcome for these items based
on information available when the financial statements are prepared, however, actual results could differ from those estimates.





Fair Value of Financial Instruments



Fair value is the price that would be received from selling
an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining
the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers
the principal or most advantageous market in which it would transact and it considers assumptions that market participants would
use when pricing the asset or liability.











F-6







Authoritative literature provides a fair value hierarchy that
requires an entity to maximize the use of observable inputs and minimize the use or unobservable inputs when measuring fair value.
A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant
to the fair value measurement as follows:



Level - 1: defined as observable inputs such as quoted prices
in active markets;



Level - 2: defined as inputs other than quoted prices in active
markets that are either directly or indirectly observable; and



Level - 3: defined as unobservable inputs in which little or
no market data exists, therefore requiring an entity to develop its own assumptions.



The carrying amounts of accounts payables and accrued liabilities
approximate its fair value due to its relatively short-term maturity.



It is not, however, practical to determine
the fair value of amounts due to related party because the transactions cannot be assumed to have been consummated at arm’s
length, the terms are not deemed to be market terms, there are no quoted values available for these instruments, and an independent
valuation would not be practical due to the lack of data regarding similar instruments, if any, and the associated potential costs.



Related Party Transactions



A related party is generally defined as
(i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s
management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or
(iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to
be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts
business with its related parties in the ordinary course of business.



Transactions involving related parties
cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings
may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions
were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be
substantiated.



Stock-based Compensation



The Company accounts for stock-based compensation
issued to non-employees in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees”.Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably
measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment
transaction is determined at the earlier of performance commitment date or performance completion date.





Recent Accounting Pronouncements



The Company has implemented all new accounting
pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new
accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.







F-7







NOTE 3 – GOING CONCERN








The accompanying  financial statements have been prepared
assuming that the Company continues as a going concern. The Company has suffered recurring losses from operations. As shown in
the accompanying  financial statements, the Company has working capital deficit of $0 as of May 31, 2020, and has
generated no cash flows from operating activities for the twelve months ended May 31, 2020. These factors raise substantial doubt
as to the Company’s ability to continue as a going concern.



The Company intends to continue to fund its business by way
of private placements and advances from related parties as may be required.



The financial statements do not include
any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of
liabilities that may result should the Company be unable to continue as a going concern.



NOTE 4 – RELATED PARTY TRANSACTIONS










As of May 31, 2020 there was $0 due to related party.



The Company's executive office
is located at Travessado Cais, No.3A, Edg. Kai Lei, Macau. This office is furnished to the Company by a friend of the CEO at no
charge.



NOTE 5 – COMMON STOCK










As of May 31, 2020, there are 61,900,000 shares outstanding.



NOTE 6 – SUBSEQUENT EVENTS














None.











F-8







SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.



| | SavMobi Technolgy Inc.
| | ----------------------
| |                       
| | By:                   
| |                       
| |                       
| |                       
| |                       
| |                       

November 6, 2020