United States
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K



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



For the fiscal year
ended December 31, 2021



Commission file number
0-49701



PACIFIC VEGAS GLOBAL
STRATEGIES, INC.

(Exact name of registrant
as specified in its charter)



|COLORADO                                       |  | 84-1159783                       
|---------------------------------------------- |  | ---------------------------------
|(State or Other Jurisdiction of Incorporation) |  | (IRS Employer Identification No.)



Room 2, LG/F., Kai
Wong Commercial Building
222 Queen’s Road, Central, Hong Kong

(Address of principal
executive offices)



(852) 3154-9370

(Registrant’s telephone
number, including area code)



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



|Title of each class:                 |  | Trading Symbol(s) |  | Name of each exchange on 
which registered:
|------------------------------------ |  | ----------------- |  | -------------------------------------------
|Common stock, no par value per share |  | PVEG              |  | OTC Pink                                   



Securities registered
pursuant to Section 12(g) of the Act:None



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    YES  ̈        NO  x



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.    YES ̈        NO  x



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. YESxNO ̈



Indicate by check
mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to
Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to
submit and post such files) YES ̈
      NO    x



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



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



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. ̈



Indicate
by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of
its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report. ̈



Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YESxNO ̈



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 of the bid and asked price of such common equity, as of the last business day of the registrant’s
most recently completed second fiscal quarter: US$103,970.



NOTE:
The aggregate market value was computed by multiplying the number of outstanding shares of the registrant’s common stock, excluding
those shares of record held by officers, directors and greater than five percent shareholders, by US$0.0031 per share.



Indicate
the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: 99,963,615
shares of Common Stock with No Par Value, outstanding as at March 31, 2022.



Documents incorporated by reference:  
NONE.




















TABLE OF CONTENTS



|Item
    1.  | Business                                                                                                         | 3 
|------------ | ---------------------------------------------------------------------------------------------------------------- | --
|Item
    1A. | Risk
    Factors                                                                                                 | 4 
|Item
    1B. | Unresolved
    Staff Comments                                                                                    | 4 
|Item
    2.  | Properties                                                                                                       | 4 
|Item
    3.  | Legal
    Proceedings                                                                                            | 5 
|Item
    4.  | Mine
    Safety Disclosures                                                                                      | 5 
|Item
    5.  | Market
    for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities | 5 
|Item
    6.  | [Reserved]                                                                                                       | 6 
|Item
    7.  | Management’s
    Discussion and Analysis of Financial Condition and Results of Operations                        | 6 
|Item
    7A. | Quantitative
    and Qualitative Disclosures About Market Risk                                                   | 8 
|Item
    8.  | Financial
    Statements and Supplementary Data                                                                  | 8 
|Item
    9.  | Changes
    in and Disagreements With Accountants on Accounting and Financial Disclosure                         | 18
|Item
    9A. | Controls
    and Procedures                                                                                      | 18
|Item
    9B. | Other
    Information                                                                                            | 18
|Item
    9C. | Disclosure
    Regarding Foreign Jurisdictions that Prevent Inspections                                          | 18
|Item
    10. | Directors,
    Executive Officers and Corporate Governance                                                       | 19
|Item
    11. | Executive
    Compensation                                                                                       | 20
|Item
    12. | Security
    Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters               | 21
|Item
    13. | Certain
    Relationships and Related Transactions, and Director Independence                                    | 21
|Item
    14. | Principal
    Accountant Fees and Services                                                                       | 21
|Item
    15. | Exhibits and Financial Statement Schedules                                                                       | 22
|Item 16.     | Form 10-K Summary                                                                                                |   





Page 2 of 23







PART   I



| | ITEM 1. | BUSINESS
| | ------- | --------



| | 1.1 | INTRODUCTION
| | --- | ------------



All statements other
than statements of historical fact presented in this annual report regarding our financial position and operating and strategic initiatives
and addressing industry developments are forward-looking statements, where we or our management express(es) an expectation or belief as
to future results. Such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no
assurance that the statements of such expectation or belief will result or be achieved or accomplished. Actual results of operations may differ
materially.



Our principal executive
office is located at Room 2, LG/F., Kai Wong Commercial Building, 222 Queen’s Road, Central, Hong Kong, telephone (852) 3154-9370.



| | 1.2 | THE CORPORATION AND ACQUISITION OF CTGH
| | --- | ---------------------------------------



Pacific Vegas Global
Strategies, Inc. (the “Company” or “PVGS”), formerly known as Goaltimer International, Inc., was incorporated
in Colorado on December 19, 1990. Prior to the acquisition of Cyber Technology Group Holdings Ltd. (“CTGH”), the Company
entered into and operated a business of development and sales of time and personal management products. The Company discontinued such
business and became a non-operating public shell in 1994, and remains as a shell company with its only activities consisting of paying
professional fees and accruing loan interest on notes payable and looking for a merger candidate.



On November 20,
2002, the Company entered into an agreement for a share exchange with CTGH under the laws of Colorado. Pursuant to the share exchange
agreement, and subject to its shareholders’ approval, the Company was to acquire 100% of the issued and outstanding equity shares
of CTGH, in exchange for 60,000,000 new shares of common stock of the Company. This transaction was approved by the shareholders of the
Company at the special meeting of shareholders held on December 12, 2002.



The closing of the transaction
was scheduled to take place on December 22, 2002. However, the transaction was delayed and eventually closed on January 8, 2003,
upon which control of the Company passed to the shareholders of CTGH, and CTGH became a wholly owned subsidiary of the Company.



CTGH was incorporated
in the British Virgin Islands in June 2000, and operated as an investment holding company, holding 100% of the capital stock of Pacific
Vegas Development Ltd. (“PVD”).



PVD was incorporated
in Samoa in April 2000, and operated as an IT company, engaged in a business of system development and technical supporting services
for e-business, especially e-gaming related business, whilst holding 100% of the equity shares of Pacific Vegas International Ltd. (“PVI”).



PVI was incorporated
in the Commonwealth of Dominica in April 2000, established and operated as an international gaming company, conducting an offshore
business of international sportsbook by way of telecommunications and the Internet, under an International Gaming License granted by the
government of the Commonwealth of Dominica.



As the Company was a
non-operating public shell before its acquisition of CTGH, the nature of this acquisition was defined and treated as a capital transaction
or recapitalization in substance, rather than a business combination. The acquisition did not result in any purchase accounting adjustments
or creation of goodwill.



| | 1.3 | BUSINESS OPERATIONS
| | --- | -------------------



Upon completion of the
reorganization with CTGH in January 2003, CTGH became the operating entity of the Company. The Company adopted CTGH’s business
of operating an international sportsbook as its principal business and operated such business, through CTGH and its subsidiaries, from
the Commonwealth of Dominica by way of telecommunications and the Internet, under an International Gaming License granted by the government
of the Commonwealth of Dominica, until December 6, 2004, when the Board of Directors of the Company resolved to cease the operations
of such business due to the significant financial losses that resulted from such business.



There was no business
other than the aforementioned sportsbook business operated by the Company since 2003.





Page 3 of 23







| | 1.4 | DISPOSITION OF CTGH
| | --- | -------------------



Having reviewed the financial
position and re-evaluated the business structure of the Company, the Board of Directors further decided to terminate the sportsbook business
and dispose of CTGH. On July 8, 2005, the Company entered into a Stock Purchase Agreement (the “Agreement”) with an independent
third party (the “Buyer”), pursuant to which, and subject to its shareholders’ approval, the Company was to sell its
entire 100% equity interest in CTGH through disposition of all equity shares of CTGH for a consideration of US$125,000 in cash together
with a non-cash settlement that the Buyer was to assume and pay all liabilities of CTGH as shown in the consolidated balance sheet of
CTGH as at June 30, 2005 and to cancel and release the Company from its liabilities due to CTGH in the amount of US$549,288 or such
other amount not exceeding US$549,288 as may be amended at the closing of the transaction. This Agreement was approved by our shareholders
at the special meeting of shareholders held on October 14, 2005, and the transaction was subsequently executed and closed on November 18,
2005.



| | 1.5 | CURRENT STATUS
| | --- | --------------



The Company has been
in an inactive or non-operating status since December 6, 2004, and currently remains as a shell company with its only activities
of incurring non-operating expenses.



| | 1.6 | EMPLOYEES
| | --- | ---------



Effective from March 2007
and until December 31, 2021, the Company had one (1) part-time employee, with no compensation, in the capacities as chief executive
officer and chief financial officer.



| | 1.7 | ADDITIONAL INFORMATION
| | --- | ----------------------



The Company files its
annual reports, quarterly reports, current reports, proxy statements, and other reports required to be filed with the SEC under the Exchange
Act.



The Company is not required
to deliver an annual report to our shareholders. Our shareholders and the public may obtain any reports and other information materials
that the Company filed with the SEC by visiting the SEC’s website at http://www.sec.gov or SEC’s Public Reference Room at
100 F Street, N.E, Washington, D.C. 20549, or by calling the SEC at 1-800-SEC-0330.



| | ITEM 1A. | RISK FACTORS
| | -------- | ------------



Not applicable.



| | ITEM 1B. | UNRESOLVED STAFF COMMENTS
| | -------- | -------------------------



Not applicable.



| | ITEM 2. | PROPERTIES
| | ------- | ----------



| | 2.1 | OPERATING LEASE
| | --- | ---------------



Currently the Company
maintains its principal office in Hong Kong, which has been provided by our principal shareholder, with no rental charges to the Company.
However, the principal shareholder retains her right to discontinue this arrangement at her own discretion, and there can be no assurance
that this arrangement by the principal shareholder will not be discontinued at any time.





Page 4 of 23







| | 2.2 | INVESTMENT POLICIES
| | --- | -------------------



The Company does not
invest in, and has not adopted any policy with respect to investments in, real estate or interests in real estate, real estate mortgages
or securities of or interests in persons primarily engaged in real estate activities. It is not the Company’s policy to acquire
assets primarily for possible capital gain or primarily for income.



| | ITEM 3. | LEGAL PROCEEDINGS
| | ------- | -----------------



No material legal proceedings
to which the Company is a party or to which any of its property is the subject are pending and, to our knowledge, no such proceedings
are contemplated.



There has been no material
legal proceeding to which any of our officers, directors or shareholders of greater than five percent of our outstanding common shares
is a party adverse to the Company or has a material interest adverse to the Company.



| | ITEM 4. | MINE SAFETY DISCLOSURES
| | ------- | -----------------------



Not applicable.



PART   II



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



| | 5.1 | OUTSTANDING SHARES AND SHAREHOLDERS
| | --- | -----------------------------------



As at December 31,
2021, there were 99,963,615 shares of PVGS common stock with no par value issued and outstanding, and there were approximately 1,150 beneficial
holders of PVGS common stock.



| | 5.2 | MARKET FOR PVGS COMMON STOCK
| | --- | ----------------------------



Our common stock was
traded publicly on the OTC Bulletin Board under the symbol “PVEG.OB” from January 8, 2003 until September 26, 2003,
at which time it was moved from the OTC Bulletin Board to the OTC Non-Bulletin Board for failure to comply with certain reporting requirements
(NASD Rule 6530). Our common stock has been since then traded on the Pink Sheets under the symbol “PVEG.PK”.



The nature of the market
for common stocks trading on the Pink Sheets is generally limited, sporadic and highly volatile, and the absence of an active market may have
an effect upon the high and low prices as reported. The following information sets forth the high and low last sale prices per share of
our common stock for the periods indicated as reported by the Pink Sheets:



|QUARTER ENDED      |  | HIGH |        | LOW |    
|------------------ |  | ---- | ------ | --- | ---
|                   |  |      |        |     |    
|March 31, 2021     |  | US$  | 0.0108 |     | US$
|June 30, 2021      |  | US$  | 0.0014 |     | US$
|September 30, 2021 |  | US$  | 0.003  |     | US$
|December 31, 2021  |  | US$  | 0.0025 |     | US$
|                   |  |      |        |     |    
|March 31, 2020     |  | US$  | 0.003  |     | US$
|June 30, 2020      |  | US$  | 0.007  |     | US$
|September 30, 2020 |  | US$  | 0.0027 |     | US$
|December 31, 2020  |  | US$  | 0.0025 |     | US$



The quotations listed
in this table reflect inter-dealer prices, without retail mark-ups, mark-downs, or commissions, and may not necessarily represent
actual transactions.





Page 5 of 23







| | 5.3 | RELATED MATTERS
| | --- | ---------------



The Company has not declared
or paid any dividends since its reorganization with CTGH in January 2003.



The Company did not sell
any equity securities that were not registered under the Securities Act of 1933, as amended, and did not repurchase any of our equity
securities, in the last three fiscal years.



There were no previously
authorized equity compensation plans carried forward upon the Company’s reorganization in January 2003, and there have been
no equity compensation plans adopted and no equity securities issued for any equity compensation plans since the Company’s reorganization
in January 2003. As at December 31, 2021, there were no outstanding equity compensation plans, options or warrants to be exercised
and no equity securities to be issued for such purposes.



| | ITEM 6. | [RESERVED]
| | ------- | ----------



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



Our presentation in this
Management’s Discussion and Analysis of Financial Condition and Results of Operations contains a number of forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are based on management’s current projections or expectations with regard
to the future operations of business. Such projections or expectations are expressed in good faith and believed to have a reasonable basis,
but there can be no assurance that such projections or expectations will prove to be correct or accurate, and as a result of certain risks
and uncertainties, actual results of operations may differ materially.



| | 7.1 | CRITICAL ACCOUNTING POLICIES AND ESTIMATES
| | --- | ------------------------------------------



The preparation of our
financial statements in accordance with US GAAP requires management to make estimates and assumptions affecting the reported amounts in
our financial statements and accompanying notes. The following is a discussion of the accounting policies we apply that are considered
to involve a higher degree of judgment in their application. For details of all material accounting policies, see Note 2 to our financial
statements.



Income Taxes



The Company recognizes deferred tax liabilities
and assets for the expected future tax consequences of events that have been included in the consolidated financial statements or tax
returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement bases and tax bases
of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company
estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction.
A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the
benefit of such deferred tax asset will not be realized in future periods. Tax benefits of operating loss carryforwards are evaluated
on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other
circumstances. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would
be reduced.



The Company recognizes tax benefits from uncertain
tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based
on the technical merits of the position. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized
in its financial statements. The Company accrues interest on unrecognized tax benefits as a component of income tax expense. Penalties,
if incurred, would be recognized as a component of income tax expense.





Page 6 of 23







| | 7.2 | RESULTS OF OPERATIONS
| | --- | ---------------------



| | 7.2.1 | Revenue and Expenses
| | ----- | --------------------



The Company has remained
in an inactive or non-operating status since December 6, 2004. There was no active business operated and no revenue earned by the
Company for the fiscal years ended December 31, 2021 and 2020.



Total expenses for the
fiscal years ended December 31, 2021 and 2020 were US$57,424 and US$57,908, respectively. Expenses were for professional fees and
miscellaneous administrative expenses in the two fiscal years.



| | 7.2.2 | Net Loss
| | ----- | --------



Net loss for the fiscal
years ended December 31, 2021 and 2020 was US$57,424 and US$57,908, respectively.



| | 7.2.3 | Liquidity and Capital Resources
| | ----- | -------------------------------



As at December 31,
2021, the balance of cash for the Company was nil. The Company has currently retained no sources of liquidity other than the private financing
by cash in-flow from the principal shareholder, which is unsecured and could be discontinued at any time.



| | 7.3 | OFF-BALANCE SHEET ARRANGEMENTS
| | --- | ------------------------------



There were no off-balance
sheet arrangements as defined in Item 303(c) of Regulation S-K, as at the end of the fiscal year 2021 and any interim periods in
the current fiscal year.



| | 7.4 | PLAN OF OPERATION
| | --- | -----------------



All statements presented
in this section regarding our financial position and operating and strategic initiatives are forward-looking statements, where we
or our management express an expectation or belief as to future results. Such expectation or belief is expressed in good faith and believed
to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result or be achieved or accomplished.
Factors which could cause actual results to differ materially from those anticipated include, but not limited to, general economic and
business conditions, competition and development in the industries, the business abilities and judgment of personnel, the impacts of unusual
events resulting from ongoing evaluations of business strategies, and changes in business strategies.



The Company has been
in an inactive or non-operating status since December 6, 2004, and currently remains as a shell company with its only activities
of accruing minimal non-operating expenses. It is expected that the Company will remain in such status until a re-organization with a
selected entity takes place, if ever.



As a part of our
plan, we expect our next move to be a re-organization with a selected entity, for the Company to acquire sufficient capital funds and
engage into a selected business. However, there can be no assurance as to when or whether the Company will be able to accomplish this
plan.



| | 7.5 | ADDITIONAL CAUTIONARY STATEMENTS AND RISK FACTORS
| | --- | -------------------------------------------------



| | 7.5.1 | Going Concern
| | ----- | -------------



The financial statements
presented in this annual report have been prepared in conformity with generally accepted accounting principles in the United States of
America, which contemplate continuation of the Company as a going concern. However, substantial doubt has been raised with regard to the
ability of the Company to continue as a going concern, as at December 31, 2021, the Company had minimal assets of US$10,000, none
of which were cash or cash equivalents to support its needs of cash payments for any current expenses which may be required for its
continuation as a going concern.





Page 7 of 23







The Company has maintained
no revenue-generating or cash in-flow operations since December 6, 2004 and has relied on the private financing by cash in-flow from
the principal shareholder of the Company. The principal shareholder has undertaken to finance the Company in cash for a “reasonable”
period of time for the Company to continue as a going concern, assuming that in such a period of time the Company would be able to restructure
its business and restart on a revenue-generating operation and/or raise additional capital funds to support its continuation. However,
it is uncertain as for how long or to what extent such a period of time would be “reasonable”, and there can be no assurance
that the financing from the principal shareholder will not be discontinued.



Other than the private
financing by cash in-flow from the principal shareholder, which is unsecured and could be discontinued at any time, the Company has currently
no sources of liquidity to support its continuation as a going concern.



These uncertainties may result
in adverse effects on continuation of the Company as a going concern. The accompanying financial statements do not include or reflect
any adjustments that might result from the outcome of these uncertainties.



| | 7.5.2 | Limited Market
| | ----- | --------------



The
market for our stock is limited. Our common stock is currently traded on the Pink Sheets under the symbol “PVEG.PK”. On February 12,
2022, the last reported sale price of our common stock on the Pink Sheets was US$0.0073 per share. However, we consider our common stock
to be “thinly traded” and any last reported sale prices may not be a true market-based valuation of the common stock.



Our common stock is considered
to be a “penny stock” and, as such, the market for our common stock may be further limited by certain SEC rules applicable
to penny stocks.



Our common shares are
subject to certain “penny stock” rules promulgated by the SEC. Those rules impose certain sales practice requirements
on brokers who sell penny stocks to persons other than established customers and “accredited investors”. Furthermore, the
penny stock rules generally require, among other things, that brokers engaged in secondary trading of penny stocks provide customers
with written disclosure documents, monthly statements of the market value of penny stocks, disclosure of the bid and asked prices and
disclosure of the compensation to the brokerage firm and disclosure of the salesperson working for the brokerage firm. These rules and
regulations adversely affect the ability of brokers to sell our common shares and limit the liquidity of our securities.



| | 7.5.3 | Due to shareholder
| | ----- | ------------------



There were no related
party transactions other than the private financing by loans to us from our principal shareholder, who is also the sole director of the
Company, during the last two fiscal years ended December 31, 2021 and 2020. All private loans from the principal shareholder to the
Company were unsecured, interest free and not subject to fixed term of repayment.



| | ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
| | -------- | -----------------------------------------------------------



Not applicable.



| | ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
| | ------- | -------------------------------------------



Table of Contents



Report of Independent Registered Public Accounting Firm



Financial Statements:



Statements of Operations and Comprehensive Loss



Balance Sheets



Statements ofCash Flows



Statements of Changes in Stockholders’ Deficits



Notes to the Financial Statements





Page 8 of 23







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM



To theBoard of Directors and
Stockholders of

Pacific Vegas Global Strategies, Inc.



Opinion on the Financial Statements



We have audited the accompanying balance sheets
of Pacific Vegas Global Strategies, Inc. (the “Company”) as of December 31, 2021 and 2020, and the related statements
of operations and comprehensive loss, changes in stockholders’ 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 December 31, 2021 and 2020, 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 of America.



The Company’s Ability to Continue as
a Going Concern



The accompanying financial statements have been
prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the accompanying financial statements, the Company
has suffered recurring losses from operations, generated negative cash flows from operating activities, and has an accumulated deficit
that raises substantial doubt about the Company’s ability to continue as a going concern. Management’s evaluation of the events
and conditions and management’s plans in regard these matters are also described in Note 2. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.



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 audits. We are a public accounting firm registered with thePublic 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 audits 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 audit, 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 audits 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 audits 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 audits provide a reasonable basis for our opinion.



Critical Audit Matters



Critical audit matters are matters arising from
the current period audit of the financial statements that were communicated or required to be communicated to those charged with governance
and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially
challenging, subjective, or complex judgments. We determined that there are no critical audit matters.



/s/ MSPC



Certified Public Accountants and Advisors,

A Professional Corporation



We have served as the Company’s auditor
since 2021.



New York, New York

April 15, 2022





Page 9 of 23







Pacific Vegas Global Strategies, Inc.



Statements
of Operationsand Comprehensive Loss



|                                                    |  |      |  | Year ended December 31, |           
|--------------------------------------------------- |  | ---- |  | ----------------------- | ----------
|                                                    |  | Note |  | 2021                    |           
|                                                    |  |      |  | US$                     |           
|Revenue                                             |  |      |  |                         | -         
|                                                    |  |      |  |                         |           
|Expenses                                            |  |      |  |                         |           
|General and administrative expenses                 |  |      |  |                         | (57,424   
|                                                    |  |      |  |                         |           
|Loss before income tax                              |  |      |  |                         | (57,424   
|                                                    |  |      |  |                         |           
|Income tax expense                                  |  | 4    |  |                         | -         
|                                                    |  |      |  |                         |           
|Net loss and total comprehensive loss               |  |      |  |                         | (57,424   
|                                                    |  |      |  |                         |           
|Loss per share of common stock:                     |  |      |  |                         |           
|Basic and diluted                                   |  | 5    |  |                         | (0.00     
|                                                    |  |      |  |                         |           
|Weighted average number of common stock outstanding |  |      |  |                         | 99,963,615



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





Page 10 of 23







Pacific Vegas Global Strategies, Inc.



Balance Sheets



|                                                                                     |  |      |  | As of December 31, |           
|------------------------------------------------------------------------------------ |  | ---- |  | ------------------ | ----------
|                                                                                     |  | Note |  | 2021               |           
|                                                                                     |  |      |  | US$                |           
|Assets                                                                               |  |      |  |                    |           
|Current assets                                                                       |  |      |  |                    |           
|Deposits and prepayments                                                             |  | 3    |  |                    | 10,000    
|                                                                                     |  |      |  |                    |           
|Total current assets                                                                 |  |      |  |                    | 10,000    
|                                                                                     |  |      |  |                    |           
|Total assets                                                                         |  |      |  |                    | 10,000    
|                                                                                     |  |      |  |                    |           
|Liabilities and stockholders’ deficit                                                |  |      |  |                    |           
|Current liabilities                                                                  |  |      |  |                    |           
|Due to a shareholder                                                                 |  | 6    |  |                    | 877,033   
|Accrued expenses                                                                     |  |      |  |                    | 17,250    
|                                                                                     |  |      |  |                    |           
|Total current liabilities                                                            |  |      |  |                    | 894,283   
|                                                                                     |  |      |  |                    |           
|Total liabilities                                                                    |  |      |  |                    | 894,283   
|                                                                                     |  |      |  |                    |           
|Commitments and contingencies                                                        |  | 7    |  |                    | -         
|                                                                                     |  |      |  |                    |           
|Stockholders’ deficit                                                                |  |      |  |                    |           
|Common stock, Authorized:                                                            |  |      |  |                    |           
|No par value, 500,000,000 shares of common stock as of December 31, 2021 and 2020    |  |      |  |                    |           
|Issued and outstanding:                                                              |  |      |  |                    |           
|No par value, 99,963,615 shares of common stock as of
    December 31, 2021 and 2020 |  |      |  |                    | -         
|Additional paid-in capital                                                           |  |      |  |                    | 2,500,000 
|Accumulated deficit                                                                  |  |      |  |                    | (3,384,283
|                                                                                     |  |      |  |                    |           
|Total stockholders’ deficit                                                          |  |      |  |                    | (884,283  
|                                                                                     |  |      |  |                    |           
|Total liabilities and stockholders’ deficit                                          |  |      |  |                    | 10,000    



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





Page 11 of 23







Pacific Vegas Global Strategies, Inc.



Statements of Changes in Stockholders’
Deficits



|                        |  | Common stock      |            |  | Additional |  |   |                 |  |  |                     | 
|----------------------- |  | ----------------- | ---------- |  | ---------- |  | - | --------------- |  |  | ------------------- | 
|                        |  | Number of  shares |            |  | Amount     |  |   | paid-in capital |  |  | Accumulated deficit | 
|                        |  |                   |            |  | US$        |  |   | US$             |  |  | US$                 | 
|As of January 1, 2020   |  |                   | 99,963,615 |  |            |  | - |                 |  |  | 2,500,000           | 
|                        |  |                   |            |  |            |  |   |                 |  |  |                     | 
|Net loss                |  |                   | -          |  |            |  | - |                 |  |  | -                   | 
|                        |  |                   |            |  |            |  |   |                 |  |  |                     | 
|As of December 31, 2020 |  |                   | 99,963,615 |  |            |  | - |                 |  |  | 2,500,000           | 
|                        |  |                   |            |  |            |  |   |                 |  |  |                     | 
|Net loss                |  |                   | -          |  |            |  | - |                 |  |  | -                   | 
|                        |  |                   |            |  |            |  |   |                 |  |  |                     | 
|As of December 31, 2021 |  |                   | 99,963,615 |  |            |  | - |                 |  |  | 2,500,000           | 



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





Page 12 of 23







Pacific Vegas Global Strategies, Inc.



Statements of Cash Flows



|                                                                           |  | Year ended December 31, |        
|-------------------------------------------------------------------------- |  | ----------------------- | -------
|                                                                           |  | 2021                    |        
|                                                                           |  | US$                     |        
|Cash flows used in operating activities                                    |  |                         |        
|Net loss                                                                   |  |                         | (57,424
|Adjustment to reconcile net loss to net cash used in operating activities: |  |                         |        
|Changes in working capital:                                                |  |                         |        
|Deposits and prepayments                                                   |  |                         | -      
|Accrued expenses                                                           |  |                         | 550    
|                                                                           |  |                         |        
|Net cash used in operating activities                                      |  |                         | (56,874
|                                                                           |  |                         |        
|Cash flows from financing activities                                       |  |                         |        
|Advances from a shareholder                                                |  |                         | 56,874 
|                                                                           |  |                         |        
|Net cash from financing activities                                         |  |                         | 56,874 
|                                                                           |  |                         |        
|Net change in cash and cash equivalents                                    |  |                         | -      
|Cash and cash equivalents at beginning of year                             |  |                         | -      
|                                                                           |  |                         |        
|Cash and cash equivalents at end of year                                   |  |                         | -      
|                                                                           |  |                         |        
|Supplemental Disclosure                                                    |  |                         |        
|Interest paid                                                              |  |                         | -      
|Taxes paid                                                                 |  |                         | -      



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





Page 13 of 23







Pacific Vegas Global Strategies, Inc.



Notes to the Financial Statements



| | 1. | ORGANIZATION AND PRINCIPAL ACTIVITIES
| | -- | -------------------------------------



Pacific Vegas Global Strategies, Inc.
(the “Company” or “PVGS”), formerly known as Goaltimer International, Inc., was incorporated in Colorado
on December 19, 1990.



Upon the expiry of an International
Gaming License granted by the government of the Commonwealth of Dominica on December 6, 2004, the Board of Directors of the Company
resolved to cease the then business due to significant losses incurred. After the full discontinuance of such business in 2005, the Company
has been a shell company since December, 2004.



| | 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
| | -- | ------------------------------------------



| | (a) | Basis of accounting
| | --- | -------------------



These financial statements are presented
in United States dollars (“US$” or “US dollars”) and have been prepared in accordance with accounting principles
generally accepted in the United States of America (“U.S. GAAP”).



| | (b) | Preparation of financial statements
| | --- | -----------------------------------



The Company had a negative working capital
and a stockholders’ deficit of US$884,283 as of December 31, 2021. The accompanying financial statements have been prepared
in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However,
a substantial doubt has been raised with regard to the ability of the Company to continue as a going concern as the Company had total
liabilities in excess of its total assets and has maintained no revenue-generating operations since December 6, 2004. In light of
the situation, the Company has been contemplating practical plans for a business restructuring and/or possible arrangements to raise additional
capital funds to support its continuation as a going concern, but there can be no assurance that the Company will be successful in procuring
any of such efforts.



The principal shareholder, who is also
the sole director of the Company, has undertaken to finance the Company for a “reasonable” period of time for the Company
to continue as a going concern, assuming that in such period of time the Company would be able to restructure its business and restart
a revenue-generating operation and/or raise additional capital funds to support its continuation as a going concern. However, the principal
shareholder of the Company retains the right to discontinue such financing at her own discretion in case the Company is unable to accomplish
so in such period of time. It is uncertain as for how long or to what extent such period of time would be “reasonable” to
the discretion of the principal shareholder, and there can be no assurance that the financing from the principal shareholder will not
be discontinued at any time.



These uncertainties may result in adverse
effects on continuation of the Company as a going concern. The accompanying financial statements do not reflect any adjustments that might
result from the outcome of these uncertainties.



| | (c) | Income taxes
| | --- | ------------



The Company recognizes deferred tax
liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns.
Deferred tax liabilities and assets are determined based on the difference between the financial statement bases and tax bases of assets
and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates
the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction.
A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the
benefit of such deferred tax asset will not be realized in future periods. Tax benefits of operating loss carryforwards are evaluated
on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other
circumstances. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would
be reduced.





Page 14 of 23







Pacific Vegas Global Strategies, Inc.



Notes to the Financial Statements



| | 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
| | -- | ------------------------------------------------------



The Company recognizes tax benefits from uncertain tax positions
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical
merits of the position. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized in its
financial statements. The Company accrues interest on unrecognized tax benefits as a component of income tax expense. Penalties, if incurred,
would be recognized as a component of income tax expense.



At
December 31, 2021 and 2020, the Company had not incurred a liability for the payment of tax related interest and there was
no tax interest or penalties recognized in the statements of operations.



The Company’s
tax returns for the years 2018 through 2021 are subject to examination by the tax authorities.



| | (d) | Foreign currency translation
| | --- | ----------------------------



Foreign currency transactions during
the year are translated into US dollars at approximately the market exchange rates existing at the transaction dates. Monetary assets
and liabilities denominated in foreign currencies are translated into United States dollars at approximately the market exchange rates
ruling at the balance sheet date. The effect on the statements of operations of transaction gains and losses is insignificant for all
periods presented.



| | (e) | Use of estimates
| | --- | ----------------



The preparation of the financial statements
in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
at the date of the financial statements and reported amounts of expense during the reporting period. Estimates are used when accounting
for certain items such as accounting for income tax valuation allowances. Estimates are based on historical experience, where applicable,
and assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates,
actual results may differ.



| | (f) | Fair value of financial instruments
| | --- | -----------------------------------



ASC Topic 825, “Financial Instruments”,
requires disclosing fair value to the extent practicable for financial instruments which are recognized or unrecognized in the balance
sheets. The fair values of the financial instruments are not necessarily representative of the amount that could be realized or settled.
The fair values of deposits and prepayments, due to shareholder and accrued expenses approximate their book values based on their near-term
maturities.



| | (g) | Recently issued accounting standards
| | --- | ------------------------------------



As of the date that this annual report
is filed, due to the Company being inactive, there are no recently issued accounting pronouncements whose adoption would have a material
impact on the Company’s financial statements.





Page 15 of 23







Pacific Vegas Global Strategies, Inc.



Notes to the Financial Statements



| | 3. | DEPOSITS AND PREPAYMENTS
| | -- | ------------------------



The amount represents a retainer fee
paid in advance to the Company’s lawyer.



| | 4. | INCOME TAXES
| | -- | ------------



At December 31, 2021 and 2020,
the Company had an unused net operating loss carryforward of approximately US$612,655 and US$555,231, respectively, for income tax purposes.
Of these losses, US$371,417 expire between 2028 to 2037, and US$241,238 have no expiration date. At December 31, 2021 and 2020, these
net operating loss carryforwards may result in future income tax benefits of approximately US$153,164; and US$138,808, respectively, however,
because realization is uncertain at this time, a valuation allowance in the same amount has been established. Deferred income taxes reflect
the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the
amounts used for income tax purposes.



Significant components of the Company’s
deferred tax liabilities and assets of December 31, 2021 and 2020 are as follows:



|                                |  | December 31, |         
|------------------------------- |  | ------------ | --------
|                                |  | 2021         |         
|                                |  | US$          |         
|Deferred tax liabilities        |  |              | -       
|Deferred tax asset-             |  |              |         
|Net operating loss carryforward |  |              | 153,164 
|Valuation allowance             |  |              | (153,164
|Net deferred tax asset          |  |              | -       



Movement of valuation allowance:



|                             |  | December 31, |        
|---------------------------- |  | ------------ | -------
|                             |  | 2021         |        
|                             |  | US$          |        
|At the beginning of the year |  |              | 138,808
|Current year addition        |  |              | 14,356 
|At the end of the year       |  |              | 153,164



A reconciliation of the income tax expense
to the amount computed by applying the current statutory tax rate to the loss before income taxes in the consolidated statements of comprehensive
loss is as follows:



|                                                     |  | December 31, |     
|---------------------------------------------------- |  | ------------ | ----
|                                                     |  | 2021         |     
|U.S. statutory income tax rate                       |  |              | 21  
|State income tax rate                                |  |              | 4.6 
|Valuation reduction                                  |  |              | (0.6
|Change in valuation allowance of deferred tax assets |  |              | (25 
|Net deferred tax asset                               |  |              | -   





Page 16 of 23







Pacific Vegas Global Strategies, Inc.



Notes to the Financial Statements



| | 5. | LOSS PER SHARE
| | -- | --------------



Basic loss per common share is calculated
based on the weighted average number of common stock outstanding during each period presented.



The Company had no potential common
stock instruments with a dilutive effect for any period presented and therefore basic and diluted earnings per share are the same.



| | 6. | DUE TO A SHAREHOLDER
| | -- | --------------------



The amount due is unsecured, interest-free
and repayable on demand.





Page 17 of 23







| | ITEM
                            9. | CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
| | ----------------------------------- | ------------------------------------------------------------------------------------



In our two most recent
fiscal years and any later interim period, there were no changes in and no disagreements with our principal independent accountant on
any matters with regard to our accounting and financial disclosure.



| | ITEM 9A. | CONTROLS AND PROCEDURES
| | -------- | -----------------------



| | (a) | Disclosure controls and procedures
| | --- | ----------------------------------



As
of the end of the period covered by this report, our management, with the participation of our chief financialofficer, has performed
an evaluation of the effectiveness of our disclosure controls and procedures within the meaning of Rules 13a-15(e) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”).



Based upon
that evaluation, our management has concluded that, as of December 31, 2021, our disclosure controls and procedures were effective.



| | (b) | Management’s annual report on internal control over financial reporting
| | --- | -----------------------------------------------------------------------



Our management
is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) under
the Exchange Act. Our management evaluated the effectiveness of our internal control over financial reporting based on criteria established
in the framework in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on this evaluation, our management has concluded that our internal control over financial reporting was effective as
of December 31, 2021.



Because of
its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. In addition, projections
of any evaluation of effectiveness of our internal control over financial reporting to future periods are subject to the risk that controls
may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.



(c) Attestation
report of the registered public accounting firm



Not applicable.



(d)  Changes
in internal control over financial reporting



There were
no changes in our internal controls over financial reporting identified in connection with the evaluation that occurred during our fourth
fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.



| | ITEM
                            9B. | OTHER INFORMATION
| | ------------------------------------ | -----------------



None.



| | ITEM 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
| | -------- | -------------------------------------------------------------------



None.





Page 18 of 23







PART III



| | ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
| | -------- | ------------------------------------------------------



| | 10.1 | DIRECTORS AND EXECUTIVE OFFICERS
| | ---- | --------------------------------



Information about our directors and
executive officers during the year ended and as of December 31, 2021 is set forth as follows:



|Name         |  | Age |  | Office (1)                                                        |  | Term Expires (2)
|------------ |  | --- |  | ----------------------------------------------------------------- |  | ----------------
|Kwan Sin Yee |  | 69  |  | Director, Chief Executive Officer and Chief Financial Officer (3) |  |                 



| | (1) | The business address is Room 2, LG/F., Kai Wong Commercial Building, 222 Queen’s Road, Central, Hong Kong.
| | --- | ----------------------------------------------------------------------------------------------------------



| | (2) | The term of office of each officer is at the discretion of the sole director.
| | --- | -----------------------------------------------------------------------------



| | (3) | Appointed to serve as Director, Chief Executive Officer and Chief Financial Officer effective from August 23, 2007.
| | --- | -------------------------------------------------------------------------------------------------------------------



Kwan
Sin Yee, Director, Chief Executive Officer and Chief Financial Officer of the Company, was the second largest major shareholder
prior to acquiring 36,500,000 shares from Raymond Chou. Ms. Kwan, being a well connected and low profile investor, took over the
control of the Company after the acquisition with the intention to re-organize by merger or acquisition.



Other than the appointment
of Ms. Kwan Sin Yee as Director, Chief Executive Officer and Chief Financial Officer on August 23, 2007, there was no other
person nominated or appointed to any positions as directors or executive officers of the Company during the period covered by this report.



Our existing director
and executive officer does not hold any positions as director or officer in any other reporting companies.



Our existing director
and executive officer has not been involved in any legal proceedings or such events as required to be disclosed under Item 4.01(d) of
Regulation S-K.



There have been no material
changes to the procedures by which our shareholders may recommend nominees to our sole director since our last disclosure in response
to the then requirements of Item 7(d)(2)(ii)(G) of Schedule 14A and Item 4.01(g) of Regulation S-K.



| | 10.2 | COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT
| | ---- | -------------------------------------------------



Based solely upon a review
of Forms 3 and 4 and amendments thereto furnished to us pursuant to 17 CFR 240.16a-3(e) during our most recent fiscal year and Form 5
and amendments thereto furnished to us with respect to our most recent fiscal year, and any written representation from the reporting
person (as hereinafter defined) that no Form 5 is required, we are not aware of any person who, at any time during the fiscal year,
was a director, officer, beneficial owner of more than ten percent of any class of our equity securities registered pursuant to Section 12
of the Exchange Act (“reporting person”) that failed to file on a timely basis, as disclosed in the above Forms, reports required
by Section 16(a) of the Exchange Act during the most recent fiscal year or prior fiscal years.





Page 19 of 23







| | 10.3 | AUDIT COMMITTEE AND AUDIT COMMITTEE FINANCIAL EXPERT
| | ---- | ----------------------------------------------------



Currently the Company
does not have a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange
Act, or an equivalent committee performing similar functions. Our sole director is acting as the audit committee for the Company as specified
in Section 3(a)(58)(B) of the Exchange Act.



Due to the status that
the Company has remained as a non-operating public shell since December 2004, the Company does not have a financial expert serving
on the audit committee.



| | 10.4 | CODE OF ETHICS
| | ---- | --------------



The Company has adopted
a code of ethics that applies to all of our employees, including our chief executive officer and chief financial officer, and has filed
a copy of such code of ethics with the SEC as Exhibit 14.1 to our annual reports on Form 10-KSB for the fiscal years ended December 31,
2003 and 2004, respectively. However, since the Company is no longer engaged in or related to the business of sportsbook, certain sections
thereof specifically related to the business of sportsbook are no longer applicable or relevant.



| | ITEM
                            11. | EXECUTIVE COMPENSATION
| | ------------------------------------ | ----------------------



| | 11.1 | SUMMARY COMPENSATION TABLE
| | ---- | --------------------------



Effective as of January 1,
2005, based upon a mutual agreement between the Company and our chief executive officer and chief financial officer, there has been no
compensation or remuneration from the Company, whether in cash or in kind, awarded to, earned by and/or paid to our chief executive officer
and chief financial officer for their services rendered in all capacities to the Company.



The following table,
and its accompanying explanatory footnotes, presents the information of annual and long-term compensation, including all plan and non-plan
compensation, whether in cash or non-cash, awarded to, earned by and/or paid to our chief executive officer and chief financial officer
for her services rendered in all capacities to the Company for the last two fiscal years ended December 31, 2021 and 2020. Other
than the compensation listed below, there has been no compensation from the Company, whether in cash or non-cash, by plan or non-plan,
awarded to, earned by and/or paid to our executive officer.



|Name and
Principal Position                         |  | Fiscal Year |  | Basic
Salary |  | Bonus |  | Options
Granted |  | Other 
Compensation | 
|--------------------------------------------------- |  | ----------- |  | ------------ |  | ----- |  | --------------- |  | ------------------- | 
|                                                    |  |             |  | US$          |  | US$   |  | US$             |  | US$                 | 
|Kwan Sin Yee                                        |  | 2021        |  | ---          |  | ---   |  | ---             |  | ---                 | 
|(Chief Executive Officer & Chief Financial Officer) |  | 2020        |  | ---          |  | ---   |  | ---             |  | ---                 | 



| | 11.2 | SUMMARY OF OPTION GRANTS
| | ---- | ------------------------



There has been no grant
of any stock options made to any executive officers or any employees of the Company since the Company’s reorganization with CTGH
in January 2003.





Page 20 of 23







| | ITEM
                            12. | SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS
| | ------------------------------------ | ----------------------------------------------------------------------------------------------



The following table sets
forth the number of shares of our common stock owned beneficially as at December 31, 2021 by each person known by us to have owned
beneficially more than five percent of such shares then outstanding, by each of our directors and officers and by all of our directors
and officers as a group. This information gives effect to securities deemed outstanding pursuant to Rule 13d 3(d)(l) under the
Securities Exchange Act of 1934, as amended. To the best knowledge of our management, no person owns beneficially more than five percent
of the Company’s outstanding shares of common stock as at December 31, 2021 except as set forth below.



|Name of Beneficial Owner |  | Amount and Nature of
Beneficial Owner |  | Percentage of Class
Beneficially Owned |  
|------------------------ |  | ------------------------------------- |  | -------------------------------------- | -
|                         |  | 6,220,000                             |  | 6.22                                   | %
|Raymond Chou (1)         |  | Common Stock                          |  | Common Stock                           |  
|                         |  |                                       |  |                                        |  
|                         |  | 5,700,000                             |  | 5.70                                   | %
|Sunny So (2)             |  | Common Stock                          |  | Common Stock                           |  
|                         |  |                                       |  |                                        |  
|                         |  | 42,200,000                            |  | 42.22                                  | %
|Kwan Sin Yee (1)         |  | Common
    Stock                      |  | Common
    Stock                       |  
|                         |  |                                       |  |                                        |  
|                         |  | 54,120,000                            |  | 54.14                                  | %
|                         |  | Common Stock                          |  | Common Stock                           |  



| | (1) | The business address is Room 2, LG/F., Kai Wong Commercial Building,
222 Queen’s Road, Central, Hong Kong.
| | --- | ----------------------------------------------------------------------------------------------------------



| | (2) | The business address is 7/F Flat B, 110 Soy Street, Kowloon,
Hong Kong.
| | --- | -----------------------------------------------------------------------



On August 23, 2007, pursuant to a Stock Purchase
Agreement dated August 23, 2007 between Raymond Chou (“Chou”) and Kwan Sin Yee (“Kwan”), Kwan purchased 36,500,000
shares of the common stock of the Company from Chou for a purchase price of US$109,500. The 36,500,000 shares represented 36.5% of the
total shares of the Company issued and outstanding on August 23, 2007. Kwan owns 42,200,000 shares, or 42.2% of the total shares
of the Company issued and outstanding after the above-mentioned stock purchase transaction and on the date of this report.



| | ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND
DIRECTOR INDEPENDENCE
| | -------- | -------------------------------------------------------------------------------



There were no related
party transactions other than the private financing by loans to us from our principal shareholder, who is also the sole director of the
Company, during the last two fiscal years ended December 31, 2021 and 2020. All private loans from the principal shareholder to the
Company were unsecured, interest free and not subject to fixed terms of repayment.



| | ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES
| | -------- | --------------------------------------



(1)Audit Fees.



The aggregate fees billed
for the fiscal year ended December 31, 2021 for professional services rendered by MSPC for the audit of the Company’s annual
financial statements for the years ended December 31, 2021 and 2020 were US$15,750.



(2)Audit-Related
Fees. The Company did not pay any audit-related fees to MSPC for both fiscal years 2021 and 2020.



(3)Tax Fees.
The aggregate fees billed for the fiscal years ended December 31, 2021 and 2020 for professional tax compliance services rendered
by MSPC were US$ 2,250 and US$ 2,250 for each year.





Page 21 of 23







(4)All Other
Fees. MSPC did not provide any other services to the Company in either of the fiscal years 2021 and 2020.



(5)  We do not currently
have a separate audit committee. Rather, our sole director serves as the audit committee. Our sole director approved all of the services
described in items (1), (2), (3) and (4) above.



PART IV



| | ITEM 15. | EXHIBITS
| | -------- | --------



(a) The following documents are filed
as a part of this report



The financial statements as set forth in Item
8 hereof



|Exhibit 31.1 |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(a)                           
|------------ |  | ----------------------------------------------------------------------------------------------
|Exhibit 31.2 |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(a)                           
|Exhibit 32.1 |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350
|Exhibit 32.2 |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350





Page 22 of 23







SIGNATURES



In accordance with Section 13 or 15(d) of
the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



PACIFIC VEGAS GLOBAL
STRATEGIES, INC.

Registrant



|Date: | May 2, 2022                           |  | By: | /s/ KWAN SIN YEE | 
|----- | ------------------------------------- |  | --- | ---------------- | 
|      | Kwan Sin Yee                         
|      | President and Chief Executive Officer



Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



|NAME             |  | TITLE |                                                            | DATE
|---------------- |  | ----- | ---------------------------------------------------------- | ----
|                 |  |       |                                                            |     
|/s/ KWAN SIN YEE |  |       | President, Chief Executive Officer, Secretary and Director |     
|Kwan Sin Yee     |  |       |                                                            |     
|                 |  |       |                                                            |     
|/s/ KWAN SIN YEE |  |       | Chief Financial Officer                                    |     
|Kwan Sin Yee     |  |       |                                                            |     





Page 23 of 23