# EDGAR Filing Document

**Accession Number:** 0001438461
**File Stem:** 0001640334-26-000358
**Filing Date:** 2026-2
**Character Count:** 76648
**Document Hash:** 0a2e4ffc6f9cebb6ca587a3eb5acad44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001640334-26-000358.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0001640334-26-000358

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 49

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yinfu Gold Corp.
- **CENTRAL INDEX KEY:** 0001438461
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS METAL ORES [1090]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 208531222
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-152242
- **FILM NUMBER:** 26664956

**BUSINESS ADDRESS:**
- **STREET 1:** DONGFANG SCIENCE AND TECHNOLOGY MANSION
- **STREET 2:** SUITE 2313, NANSHAN DISTRICT
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518000
- **BUSINESS PHONE:** 86-755-8316-0998

**MAIL ADDRESS:**
- **STREET 1:** DONGFANG SCIENCE AND TECHNOLOGY MANSION
- **STREET 2:** SUITE 2313, NANSHAN DISTRICT
- **CITY:** SHENZHEN
- **STATE:** F4
- **ZIP:** 518000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Element92 Resources Corp.
- **DATE OF NAME CHANGE:** 20080624

?xml version='1.0' encoding='ASCII'? yinfu_10q.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q** 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended **<u>December 31, 2025</u>**

OR

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: **<u>333-152242</u>**

---

| |
|:---|
| **Yinfu Gold Corporation** |
| (Exact name of registrant as specified in its charter)  |

---

---

| | |
|:---|:---|
| **Wyoming** | **20-8531222** |
| (State or other jurisdiction of <br>incorporation or organization) | (IRS Employer <br>Identification No.) |

---

Suite 1608, Foreign Trade Group Mansion, Dongmen Street, Luohu District, Shenzhen, China 518000

(Address of principal executive offices)

**<u>(86)755-8316-0998</u>**

(Registrant's telephone number, including area code)

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 past 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 posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).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 filed," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| 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 Exchange Act. Yes ☐ No ☒

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading** <br>**Symbol(s)** | **Name of each exchange on** <br>**which registered** |
| Common stock, par value $0.001 per share | ELRE | OTC Market |

---

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of February 15, 2026, the Company had 121,983,993 shares of common stock outstanding.

**<u>YINFU GOLD CORPORATION</u>**

**Quarterly Report on Form 10-Q** 

**For the Period Ended December 31, 2025**

FORWARD-LOOKING STATEMENTS

This Form 10-Q for the period ended December 31, 2025 contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document include, among others, statements regarding our capital needs, business plans and expectations. Such forward-looking statements involve assumptions, risks and uncertainties regarding, among others, the success of our business plan, availability of funds, government regulations, operating costs, our ability to achieve significant revenues, our business model and products and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. In evaluating these statements, you should consider various factors, including the assumptions, risks and uncertainties set forth in reports and other documents we have filed with or furnished to the SEC. These factors or any of them may cause our actual results to differ materially from any forward-looking statement made in this document. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events, our actual results will likely vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. The forward-looking statements in this document are made as of the date of this document and we do not intend or undertake to update any of the forward-looking statements to conform these statements to actual results, except as required by applicable law, including the securities laws of the United States.

2<br>

**TABLE OF CONTENT**

---

| | | |
|:---|:---|:---|
| [PART I. FINANCIAL INFORMATION](#P1) | [PART I. FINANCIAL INFORMATION](#P1) | [PART I. FINANCIAL INFORMATION](#P1) |
| [Item 1.](#I1) | [Financial Statements](#I1) | 4 |
| [Item 2.](#I2) | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#I2) | 17 |
| [Item 3.](#I3) | [Quantitative and Qualitative Disclosures about Market Risk](#I3) | 21 |
| [Item 4.](#I4) | [Controls and Procedures](#I4) | 21 |
| [PART II. OTHER INFORMATION](#P2) | [PART II. OTHER INFORMATION](#P2) | [PART II. OTHER INFORMATION](#P2) |
| [Item 1.](#IT1) | [Legal Proceedings](#IT1) | 22 |
| [Item 1A.](#IT1a) | [Risk Factors](#IT1a) | 23 |
| [Item 2.](#IT2) | [Unregistered Sales of Equity Securities and Use of Proceeds](#IT2) | 23 |
| [Item 3.](#IT3) | [Defaults upon Senior Securities](#IT3) | 23 |
| [Item 4.](#IT4) | [Mine Safety Disclosures](#IT4) | 23 |
| [Item 5.](#IT5) | [Other Information](#IT5) | 23 |
| [Item 6.](#IT6) | [Exhibits](#IT6) | 24 |
| [Index to Exhibits](#EX) | [Index to Exhibits](#EX) | 24 |
| [SIGNATURES](#SIG) | [SIGNATURES](#SIG) | 25 |

---

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|:---|
| 3 |
| *[**Table of Contents**](#TOC)* |

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**PART I - FINANCIAL INFORMATION**

**Item 1. Financial Statements**

**YINFU GOLD CORPORATION**

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **March 31,**<br>**2025** |
| **ASSETS** | **ASSETS** | **ASSETS** |
| **Current Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $948 | $440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other receivables | 13015 | 11498 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total current Assets** | 13963 | 11938 |
| **Non-current assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease right of use asset, net | 8191 | 10505 |
| **Total non-current assets** | 8191 | 10505 |
| **Total Assets** | 22154 | 22443 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** | **LIABILITIES AND SHAREHOLDERS' EQUITY** | **LIABILITIES AND SHAREHOLDERS' EQUITY** |
| **Current liabilities** |  |  |
| Short-term loan - related party | 288960 | 280753 |
| Operating lease liabilities - current | 4695 | 4379 |
| Due to related party | 87014 | 29783 |
| Other payable | 230210 | 192727 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Current Liabilities** | 610879 | 507642 |
| **Non-current liabilities** |  |  |
| Operating lease liabilities - noncurrent | 6616 | 9817 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Non-current Liabilities** | 6616 | 9817 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | 617495 | 517459 |
| **Stockholders' Deficit** |  |  |
| Common stock, ($0.001 par value, 3,000,000,000 shares authorized, 121,983,993 shares issued and outstanding as of December 31, 2025 and March 31, 2025) | 121984 | 121984 |
| Additional paid-in capital | 2111696 | 2111696 |
| Accumulated deficit | (2893932) | (2808570) |
| Accumulated other comprehensive loss | 64911 | 79874 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Stockholders' Deficit**  | (595341) | (495016) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Stockholders' Deficit**  | $22154 | $22443 |

---

*See Notes to the Unaudited Condensed Consolidated Financial Statements.*

---

| |
|:---|
| 4 |
| *[**Table of Contents**](#TOC)* |

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**YINFU GOLD CORPORATION**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For Three Months Ended December 31,**  | **For Three Months Ended December 31,**  | **For Nine Months Ended December 31,**  | **For Nine Months Ended December 31,**  |
|  | **2025** | **2024** | **2025** | **2024** |
| Revenue, net | $- | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total revenue** | - | - | - | - |
| Cost of revenue | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;**Gross profit** |  |  |  |  |
| **OPERATING EXPENSES:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 26369 | 11905 | 71398 | 34373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 6755 | 7350 | 30724 | 23437 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total operating expenses** | 33124 | 19255 | 102122 | 57810 |
| **Net loss from operations** | (33124) | (19255) | (102122) | (57810) |
| Other Income and (Expense) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (expense) | 81 | 8347 | 16760 | 25009 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total other income(loss)** | 81 | 8347 | 16760 | 25009 |
| **Net loss before income taxes** | (33043) | (10908) | (85362) | (32801) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | - | - | - | - |
| **Net loss** | (33043) | (10908) | (85362) | (32801) |
| **Comprehensive (loss)/income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive gain | (6636) | 34783 | (14963) | 6587 |
| **Total comprehensive (loss)/income** | $(39679) | 23875 | (100325) | (26214) |
| **Basic and diluted loss per common share** | (0.00) | (0.00) | (0.00) | (0.00) |
| **Weighted average number of common shares outstanding - basic and diluted** | 121983993 | 121983993 | 121983993 | 121983993 |

---

*See Notes to the Unaudited Condensed Consolidated Financial Statements.*

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|:---|
| 5 |
| *[**Table of Contents**](#TOC)* |

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**YINFU GOLD CORPORATION**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**

**(Unaudited)**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | | |
|  | **Number of** <br>**shares** | **Par** <br>**value** | **Additional** <br>**paid-in** <br>**capital** |<br>**Accumulated** <br>**Deficit** | **Accumulated other**<br>**comprehensive loss** |<br>**Total** |
| **For nine months ended December 31, 2024** | **For nine months ended December 31, 2024** | **For nine months ended December 31, 2024** | **For nine months ended December 31, 2024** | | | |
| **Balance as of March 31, 2024** | 121983993 | 121984 | 7934 | (2838014) | 77419 | (2630677) |
| Net loss |  |  |  | (32801) |  | (32801) |
| Foreign currency translation adjustment |  |  |  |  | 6587 | 6587 |
| **Balance as of December 31, 2024** | 121983993 | $121984 | $7934 | $(2870815) | $84006 | $(2656891) |
| **For nine months ended December 31, 2025** |  |  |  |  |  |  |
| **Balance as of March 31, 2025** | 121983993 | 121984 | 2111696 | (2808570) | 79874 | (495016) |
| Net income |  |  |  | (85362) |  | (85362) |
| Foreign currency translation adjustment |  |  |  |  | (14963) | (14963) |
| **Balance as of December 31, 2025** | 121983993 | $121984 | $2111696 | $(2893932) | $64911 | $(595341) |

---

*See Notes to the Unaudited Condensed Consolidated Financial Statements.*

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| 6 |
| *[**Table of Contents**](#TOC)* |

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**YINFU GOLD CORPORATION**

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **For Nine Months Ended December 31,** | **For Nine Months Ended December 31,** |
|  | **2025** | **2024** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(85362) | $(32801) |
| Adjustments to reconcile net income to net cash provided by operating activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of right-of-use asset | 2626 | 5947 |
| Changes in assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other receivables | (1095) | (859) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other payable | 29779 | 9646 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advance from related party | (16760) | (25009) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liability | (3310) | (5358) |
| &nbsp;&nbsp;&nbsp;&nbsp;Wage payable to related party | 40000 | (4925) |
| **Net cash used in operating activities** | $(34122) | $(53359) |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |
| **Net cash used in investing activities** | $- | $- |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayment to related parties | (2948) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from related parties | 37537 | 54395 |
| **Net cash provided by financing activities** | $34589 | $54395 |
| **Effect on changes in foreign exchange rate** | 41 | (579) |
| **Net increase in cash and cash equivalents** | 508 | 457 |
| **Cash and cash equivalents, beginning of period** | 440 | 488 |
| **Cash and cash equivalents, end of period** | $948 | $945 |
| **Supplemental cash flow information** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for interest | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes | $- | $- |

---

*See Notes to the Unaudited Consolidated Financial Statements.*

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| 7 |
| *[**Table of Contents**](#TOC)* |

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**YINFU GOLD CORPORATION**

**Notes to the Condensed Consolidated Financial Statements**

**December 31, 2025**

***(Unaudited)***

**NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS**

Yinfu Gold Corporation (the "Company") is a Wyoming corporation incorporated on September 1, 2005 under the name Ace Lock and Security, Inc. with a fiscal year end of March 31. On March 5, 2007, the Company filed a Certificate of Amendment with the Wyoming Secretary of State to change the name to Element92 Resources Corp. and increased the authorized capital to 1,000,000,000 common shares. On August 16, 2010 the Company filed an amendment with the State of Wyoming changing its name from Element92 Resources Corp. to Yinfu Gold Corporation and on November 18, 2010, the Company received a notification from the Financial Industry Regulatory Authority ("FINRA") that the Company's change of name to Yinfu Gold Corporation was posted as effective with FINRA. The Company was established as an exploration stage company engaged in the search for commercially viable minerals.

The Company no longer pursues opportunities related to the exploration of minerals. The name changed signified that the Company has commenced working toward a major change in our business plan and business model.

Effective November 20, 2014, the Company executed a Sale and Purchase Agreement (the "Agreement") to acquire 100% of the shares and assets of China Enterprise Overseas Investment & Finance Group Limited ("CEI"), a British Virgin Islands corporation. Pursuant to the Agreement, the Company has agreed to issue 1,599,982 restricted common shares of the Company to the owners of CEI.

Pursuant to the Agreement, on or before January 1, 2015, CEI was to deliver to the Company, duly authorized, properly and fully executed documents in English, evidencing and confirming the sale of 100% of the shares of CEI and its assets, specifically detailing the assets and an asset valuation by a third-party valuator. The valuation report was received by the Company on January 28, 2015.

Additionally, the Agreement stated that both parties agreed that all shares issued, pursuant to the terms and conditions of the agreement, were to be issued as soon as practicable following the signing of the agreement, but all shares so issued were to be held in escrow until all terms and conditions are met.

The various terms and conditions of the Agreement were fulfilled on January 28, 2015, therefore, the share certificates representing the shares have been issued in the names of the CEI shareholders and the Agreement between the Company and CEI was closed on January 28, 2015.

On April 11, 2017, the Company acquired Yinfu Gold International Holdings Limited ("HK"), a company incorporated in Hong Kong, and HK's subsidiary, Yinfu International Holdings Limited ("WOFE"), a wholly owned foreign enterprise incorporated in the People's Republic of China. The acquired entities are owned by the Company's management; therefore, the transaction has been accounted for as a business combination under common control in accordance to ASC-805-30-5, in which the assets and liabilities of HK and WOFE have been presented at their carrying values at the date of the transaction.

On February 10, 2023, the Board of Directors of the Company, formally confirmed and approved to raise proceeds in cash from non-public issue of common shares. According to the Resolutions, the Company raised proceeds of US$120,000, with par value of US$0.001 each, and issue 120,000,000 shares (the lock-up period is 1 years) to the targeted subscribers.

On February 14, 2023, the Company entered into Subscription Agreements for Placement of Shares with the seven targeted subscribers pursuant to the above Resolutions. As of the filling date, the Company received the proceeds of $120,000 as working capital. These common shares became effective from February 22, 2023.

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**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

***Basis of Presentation and Accounting Policies***

The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for (a) the financial position, (b) the result of operations, and (c) cash flows have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.

These condensed consolidated financial statements are unaudited and should be read in conjunction with the audited consolidated financial statements included in the firm's Annual Report on Form 10-K for the year ended March 31, 2025. The unaudited condensed consolidated financial information as of December 31, 2025 has been derived from audited consolidated financial statements not included herein. Certain reclassifications have been made to previously reported amounts to conform to the current presentation.

***Principles of Consolidation***

The accompanying unaudited consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidation.

The following diagram illustrates the current group structure:

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| |
|:---|
| Yinfu Gold Corporation<br>incorporated in Wyoming, USA on September 1, 2005 |
| &nbsp;&nbsp;&nbsp;&nbsp;100% |
| Yinfu Group International Holdings Limited ("HK")<br>incorporated in Hong Kong on September 20, 2016 |
| &nbsp;&nbsp;&nbsp;&nbsp;100% |
| Yinfu International Holdings Limited ("WOFE")<br>incorporated in Shenzhen PRC <br>on December 14, 2016 |

---

***Use of Estimates***

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

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***Cash and Cash Equivalents***

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.

***Foreign Currency Translation and Re-measurement***

In accordance with ASC 830, "Foreign Currency Matters", the Company's foreign operations whose functional currency is not the U.S. dollar, the assets and liabilities are translated into U.S. dollars at period end exchange rates. Resulting translation adjustments are reflected as other comprehensive income (loss) in stockholders' equity. Revenue and expenses are translated at average exchange rates for the period. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are charged to operations as incurred. The Company had foreign currency translations loss of $14,963 and gain of $6,587 for the nine months ended December 31, 2025 and 2024 respectively.

***Concentrations of Credit Risk***

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents as well as related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposure is limited.

***Financial Instruments***

The Company follows ASC 820, "Fair Value Measurements and Disclosures," which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

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Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2025. The carrying values of our financial instruments, including, cash and cash equivalents; accounts payable and accrued expenses; and loans and notes payable approximate their fair values due to the short-term maturities of these financial instruments.

***Business Combinations***

In accordance with ASC 805-10, "Business Combinations", the Company accounts for all business combinations using the common control method of accounting.

The consolidated financial statements incorporate the financial statements of the combining entities or businesses in business combination under common control as if they had been combined from the date when the combining entities or businesses first came under the control of the substantial shareholder.

The net assets of the combining entities or businesses are consolidated using the carrying amount from the substantial shareholder's perspective. No amount is recognized for goodwill or excess of the Group's interest in the book value of the net assets over cost at the time of the common control combination, to the extent of the continuation of the substantial shareholder's interest.

The consolidated statement of comprehensive income includes the results of each of the combining entities or businesses from the earliest date presented or since the date when the combining entities or businesses first came under common control, where this is a shorter period, regardless of the date of the common control combination.

Transaction costs, including professional fees, registration fees, costs of furnishing information to shareholders, costs or losses incurred in combining operations of the previously separate businesses and other costs incurred in relation to the common control combination that is to be accounted for by using the merger accounting method are recognized as expenses in the period in which they are incurred.

***Income Taxes, Deferred Income Taxes and Valuation Allowance***

The Company accounts for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, where deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as at December 31, 2025 and March 31, 2025.

***Net Income (Loss) Per Share of Common Stock***

The Company has adopted ASC Topic 260, *"Earnings per Share,"* ("EPS") which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

The following table sets forth the computation of basic earnings (loss) per share, for the nine months ended December 31, 2025 and 2024:

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| | | |
|:---|:---|:---|
|  | **Nine Months Ended**<br>**December 31,** | **Nine Months Ended**<br>**December 31,** |
|  | **2025** | **2024** |
| Net loss | $(85362) | $(32801) |
| Weighted average common shares outstanding (basic and diluted) | 121983993 | 121983993 |
| Net loss per common share, basic and diluted | $(0.00) | $(0.00) |

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| 11 |
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***Commitments and Contingencies***

The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, as well as other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of December 31, 2025 and March 31, 2025.

***Leases***

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use ("ROU") assets, operating lease liabilities - current, and operating lease liabilities - noncurrent on the balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

***Related Parties***

The Company follows ASC 850, *"Related Party Disclosures,"* for the identification of related parties and disclosure of related party transactions. According to the standard, financial statements are required to disclose material related-party transactions other than compensation arrangements, expense allowances, or other similar items that occur in the ordinary course of business. A related party is essentially any party that controls or can significantly influence the management or operating policies of the company to the extent that the company may be prevented from fully pursuing its own interests. Related parties include affiliates, investees accounted for by the equity method, trusts for the benefit of employees, principal owners, management, and immediate family members of owners or management. Transactions with related parties must be disclosed even if there is no accounting recognition made for such transactions (e.g., a service is performed without payment). See note 7.

***Revenue Recognition***

The Company adopted ASU 2014-09, Topic 606 on April 1, 2018, using the modified retrospective method. ASC 606 requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.

The adoption of Topic 606 has no impact on the Company's financials as the Company has not generated any revenues.

***Recent Accounting Pronouncements***

Management has considered all other recent accounting pronouncements issued since the last audit of our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

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**NOTE 3 - GOING CONCERN** 

The Company's financial statements are prepared using accounting principles generally accepted in the United States applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established an on-going source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

As of December 31, 2025, the Company had an accumulated deficit of $2,893,932, and net loss of $85,362 for the nine months ended December 31, 2025. As of March 31, 2025, the Company had an accumulated deficit of $2,808,570 and reported net income of $29,444 for the year ended March 31, 2025. Losses have principally occurred as a result of the substantial resources required for the operating of the two wholly owned subsidiaries. These factors raise substantial doubt about its ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan to obtain such resources for the Company include: sales of equity instruments; traditional financing, such as loans; and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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**NOTE 4 - OTHER PAYABLE**

**The breakdown is presented as follows.**

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| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **March 31, 2025** |
| Salary payable | $155902 | $135795 |
| Rent payable | 31431 | 27277 |
| Professional fee payable | 12703 | 13500 |
| Borrowing from a third party | 16836 |  |
| Others | 13338 | 16155 |
|  | $230210 | $192727 |

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In November 2025, the Company borrowed $16,836 from a third party individual with one-year period, and without interest.

**NOTE 5-STOCKHOLDERS'EQUITY (DEFICIT)**

***Common Stock***

The Company is authorized to issue 3,000,000,000 shares of common stock.

On November 16, 2021, the board of directors approved a 5-in-1 reverse stock split for the Company's common stock. On July 27, 2022, the Financial Industry Regulatory Authority ("FINRA") also approved the 5-in-1 reverse stock split. The reverse stock split was retrospectively reflected throughout the consolidated financial statements and footnotes.

On February 14, 2023, the Company entered into Subscription Agreements for Placement of Shares with the six targeted subscribers. The Company raised proceeds of US$120,000 with par value of US$0.001 per share, and issue 120,000,000 shares to the targeted subscribers. These common shares became effective from February 22, 2023.

As of December 31, 2025 and March 31, 2025, the Company has 121,983,993 shares of common stock issued and outstanding.

**NOTE 6 – SHORT-TERM LOAN – RELATED PARTIES**

Short-term loan of $288,960 consists of two loans from Ms. Wu Fengqun, one loan from Mr Huang Jing, and one loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd., whose legal representative was Ms. Wu Fengqun.

Mr. Jiang Libin is the former President and a director of the Company. On March 31, 2025, the Company entered an agreement with Mr. Jiang, Libin, the former President and CEO of the Company, accepting Mr. Jiang, Libin's forgiveness of debt in the total amount of $2,103,762, including loans of $1,553,641 and salary payable of $550,121.

The two loans from Ms. Wu Fengqun, the major shareholder of the Company, are $163,207 in total, which consists of loan in the amount of $118,952 (RMB834,673), annual fixed interest of $100, maturity date of April 11, 2020; and loan in the amount of $44,255 (HKD344,345), annual fixed interest of $50, maturity date of April 11, 2020. These two loans were extended to mature on March 31, 2026 without interest.

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Short-term loan of $101,526 (RMB712,400) refers to the loan from Mr. Huang Jing, a significant shareholder of the Company and a legal representative of the Company's subsidiary Yinfu International Holdings Limited Huizhou Branch. The loan matures on March 31, 2026 without interest.

Short-term loan of $24,227 (RMB170,000) refers to the loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd, a related party of the Company due to Ms. Wu Fengqun serving as its legal representative.

As of December 31, 2025 and March 31, 2025, short-term loan – related parties outstanding was $288,960 and $280,753 respectively.

**NOTE 7 – LEASES**

The Company has a lease agreement for its office space for the period from May 1, 2023 to April 30, 2028.

The Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The discount rate used to calculate present value is incremental borrowing rate or, if available, the rate implicit in the lease. The Company determines the incremental borrowing rate for this lease based primarily on its lease term in PRC which is approximately 4.75%.

The Company has elected to not recognized lease assets and liabilities for lease with a term less than twelve months.

Operating lease expenses were $2,626 and $5,947 for the nine months ended December 31, 2025 and 2024, respectively.

The future minimum lease payment schedule as follows:

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| | |
|:---|:---|
| **For the year ended December 31,** | **Amount** |
| 2026 | $4695 |
| 2027 | 4922 |
| 2028 | 1694 |
| Thereafter | - |
| Total lease payment at Present Value | $11311 |

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**NOTE 8 - RELATED PARTY TRANSACTIONS**

Effective May 19, 2025, the Company has accepted the resignation of Mr. Jiang Libin from his position as President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary and as a Director of the Company.

Also effective May 19, 2025, the Company announced the appointment of Mr. Zhang Hong as the President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary. Since December 12, 2015, he has served as the director of the Company.

The Company leased part of its office to Shenzhen Yinfu Guohui Sports Development Co., Ltd, a related party of the Company from October 1, 2023 to September 30, 2025. The Company received $69,974 (RMB491,000) in total, of which $16,760 (RMB 120,000) was recognized as other income in the Income Statement for nine months ended December 31, 2025, and the remaining balance of $1,567 as of December 31, 2025 was included in other payable in the Balance Sheet.

Mr. Jiang Libin, our former President and Director, owned 27% share of Shenzhen Yinfu Guohui Sports Development Co., Ltd. and served as the Legal Representative. As Mr. Jiang Libin passed away this quarter, and the Company lost its influence on Shenzhen Yinfu Guohui Sports Development Co., Ltd..which meant Shenzhen Yinfu Guohui Sports Development Co., Ltd. was no longer a related party of the Company since this quarter.

On March 31, 2025, the Company entered an agreement with Mr. Jiang, Libin, the former President and CEO of the Company, accepting Mr. Jiang, Libin's forgiveness of debt in the total amount of $2,103,762, including loans of $1,553,641 and salary payable of $550,121.

During nine months ended December 31, 2025, Mr. Zhang Hong, the President and a director of the Company, had advanced the Company $37,537 for operating expenses, and received $2,948 from the Company as repayment. These advances have been formalized by non-interest-bearing demand notes.

During nine months ended December 31, 2024, the Company has no transaction with Mr. Zhang Hong.

During nine months ended December 31, 2025, Mr. Huang Jing had advanced the Company $344 for operating expenses, and received $0 from the Company as repayment. These advances have been formalized by non-interest-bearing demand notes.

During nine months ended December 31, 2024, the Company has no transaction with Mr. Huang Jing,

As of December 31, 2025, the accrued salary payable to Mr. Zhang Hong and Mr. Huang Jing were $40,000 and $12,148 respectively.

As of March 31, 2025, the accrued salary payable to Mr. Zhang Hong and Mr. Huang Jing were $0 and $11,740 respectively.

As of December 31, 2025 and March 31, 2025 the Company owed $34,522 and $0 to Mr. Zhang Hong respectively.

As of December 31, 2025 and March 31, 2025 the Company owed $344 and $0 to Mr. Huang Jing respectively.

The amounts due to related parties are no fixed terms of payment, non-interest bearing, and unsecured.

Due to related parties was summarized as follows.

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| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **March 31, 2025** |
| Salary payable to Mr. Zhang, Hong | $40000 | $- |
| Salary payable to Mr. Huang Jing | 12148 | 11740 |
| Borrowing from Mr. Zhang, Hong | 34522 |  |
| Borrowing from Mr. Huang Jing | 344 |  |
| Advance received from Shenzhen Yinfu Guohui Sports Development Co., Ltd | - | 18043 |
|  | $87014 | $29783 |

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**NOTE 9 - SUBSEQUENT EVENTS** 

The Company evaluates subsequent events that have occurred after the balance sheet date but before the financial statements are issued. Based on this evaluation, the Company concluded that, there was no subsequent event that would require disclosure to or adjustment to the financial statements.

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**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.**

**Forward-Looking Statements** 

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects", "anticipates", "intends", "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the sections "Business", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". You should carefully review other documents we file from time to time with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the "Company", "Yinfu", "we", "us" or "our" are to Yinfu Gold Corporation.

Our unaudited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

**Overview**

Yinfu Gold Corporation (the "Company") is a Wyoming corporation incorporated on September 1, 2005, under the name Ace Lock & Security, Inc. Our name was changed to Yinfu Gold Corporation as of November 18, 2010.We are working to enter into new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT).

We have had limited operations and based upon our reliance on the sale of our common stock and the advances from our president, there are no assurances of any future source of funds for our operations.

Effective May 19, 2025, the Company has accepted the resignation of Mr. Jiang Libin from his position as President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary and as a Director of the Company. Mr. Jiang Libin has served on the Board since December 12, 2015. The Company sincerely thanks Jiang Libin for his loyal service.

Also effective May 19, 2025, the Company announced the appointment of Mr. Zhang Hong as the President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary. Since December 12, 2015, he has served as the director of the Company.

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**Need for Additional Capital**

The Company has not generated any revenues from operations, and may be unable to fund on-going activities. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our own hardware and software, and the possibility of new regulations that will make our company difficult or impossible to operate.

If we are unable to meet our needs for cash from either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

If we are unable to complete any phase of our development program or fail to raise additional capital to maintain our operations in the future, we may be unable to carry out our full business plan or we may be forced to cease operations.

**Results of Operations**

*Three Months Ended December 31, 2025 and 2024*

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended December 31, 2025** | **Three months ended December 31, 2024** | **Fluctuation** | **%** |
| Revenue | $- | $- | $N/A | N/A |
| Operating Expenses: |  |  |  |  |
| General and administrative | 26369 | 11905 | 14464 | 121% |
| Professional fees | 6755 | 7350 | (595) | -8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Operating Expenses | 33124 | 19255 | 13869 | 72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss from Operations | (33124) | (19255) | (13869) | 72% |
| Other income (expense) | 81 | 8347 | (8266) | -99% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(33043) | $(10908) | $(22135) | 203% |

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***Revenues***

The Company has generated no revenues during the three months ended December 31, 2025 and 2024. As the Company has not engaged in any business yet.

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***Operating expenses***

For the three months ended December 31, 2025, total operating expenses were $33,124, which consisted general and administrative expense and professional fees. For the three months ended December 31, 2024, total operating expenses were $19,255, which consisted general and administrative fees and professional fees. The general and administrative expenses mainly consist of employees' salary. The increase in operating expense was due to the increase in general and administrative expenses for the three months ended December 31, 2025.

**Results of Operations**

*Nine Months Ended December 31, 2025 and 2024*

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Nine months ended December 31, 2025** | **Nine months ended December 31, 2024** | **Fluctuation** | **%** |
| Revenue | $- | $- | $N/A | N/A |
| Operating Expenses: |  |  |  |  |
| General and administrative | 71398 | 34373 | 37025 | 108% |
| Professional fees | 30724 | 23437 | 7287 | 31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Operating Expenses | 102122 | 57810 | 44312 | 77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss from Operations | (102122) | (57810) | (44312) | 77% |
| Other income (expense) | 16760 | 25009 | (8249) | -33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(85362) | $(32801) | $(52561) | 160% |

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***Revenues***

The Company has generated no revenues during the nine months ended December 31, 2025 and 2024. As the Company has not engaged in any business yet.

***Operating expenses***

For the nine months ended December 31, 2025, total operating expenses were $102,122, which consisted general and administrative expense and professional fees. For the nine months ended December 31, 2024, total operating expenses were $57,810, which consisted general and administrative fees and professional fees. The general and administrative expenses mainly consist of employees' salary. The increase in operating expense was due to the increase in general and administrative and the increase in professional fees for the nine months ended December 31, 2025.

***Other income***

Other income of $16,760 represents rental income for the nine months ended December 31, 2025. On October 1, 2023, the Company entered into a lease agreement with Yinfu Guohui Sports Development Co., Ltd (Yinfu Guohui), leasing part of the Company's office space with rent of $2,780 (RMB20,000) per month from October 1, 2023 to September 30, 2025.

The following table provides selected financial data about our company as of December 31, 2025 and March 31, 2025.

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|:---|:---|:---|
|  | **December 31,**<br>**2025** | **March 31,**<br>**2025** |
| Cash | $948 | $440 |
| Total Assets | $22154 | $22443 |
| Total Liabilities | $617495 | $517459 |
| Stockholders' Deficit | $(595341) | $(495016) |

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As of December 31, 2025, the Company's cash balance was $948 compared to $440 as of March 31, 2025, and our total assets as of December 31, 2025, were $22,154 compared with $22,443 as of March 31, 2025. The increase in cash was immaterial and the total assets maintained stable.

As of December 31, 2025, the Company had total liabilities of $617,495, compared with total liabilities of $517,459 as of March 31, 2025. The increase of $100,036 in total liabilities was mainly due to the $40,000 salary payable to Mr. Zhang Hong and borrowing of $34,522 from Mr. Zhang Hong occurred during the nine months ended December 31, 2025.

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**Liquidity and Capital Resources**

Working Capital

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| | | |
|:---|:---|:---|
|  | **December 31,** <br>**2025** | **March 31,** <br>**2025** |
| Current Assets  | $13963 | $11938 |
| Current Liabilities | $610879 | $507642 |
| Working Capital Deficiency | $(596916) | $(495704) |

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As of December 31, 2025, the Company had a working capital deficiency of $596,916, compared with working capital deficiency of $495,704 as of March 31, 2025. The slight increase in working capital deficiency was primarily attributed to the increase in current liabilities due to the increase of due to related party.

Cash Flows

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| | | |
|:---|:---|:---|
|  | **Nine Months**<br>**Ended** <br>**December 31, 2025** | **Nine Months**<br>**Ended**<br>**December 31, 2024** |
| Cash Flows used in Operating Activities | $(34122) | $(53359) |
| Cash Flows provided by Investing Activities | $- | $- |
| Cash Flows provided by Financing Activities | $34589 | $54395 |
| Effects on change in foreign exchange rate | $41 | $(579) |
| Net increase in Cash During Period | $508 | $457 |

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**Cash Flows Used in Operating Activities**

During the nine months ended December 31, 2025, the Company had $34,122 in cash used in operating activities, which was mainly attributed from the net loss of $85,362, the increase of $1,095 in other receivable, the decrease of $16,760 in advanced from related parties, the decrease of $3,310 in operating lease liability, and offset by amortization of right-of-use asset of $2,626, the increase of $29,779 in other payable and the increase of $40,000 in wages payable to related party.

During the nine months ended December 31, 2024, the Company had $53,359 in cash used in operating activities, which was mainly attributed from the net loss of $32,801, the increase of $859 in other receivable, the decrease of $25,009 in advanced from customers, the decrease of $5,358 in operating lease liability, the decrease of $4,925 in wage payable to related party, and offset by amortization of right-of-use asset of $5,947, and the increase of $9,646 in accounts payable and accrued liabilities.

**Cash Flows Provided by Investing Activities**

During the nine months ended December 31, 2025 and 2024, the Company did not incur any cash in investing activities.

**Cash Flows Provided by Financing Activities**

During the nine months ended December 31, 2025, related parties have provided the Company loan of $46,948 for operating expenses and received repayment of $2,948 from the Company.

During the nine months ended December 31, 2024, one individual creditor has advanced the Company $54,395 for operating expenses.

**Off-Balance Sheet Arrangements**

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

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**Item 3. Quantitative and Qualitative Disclosures About Market Risk.**

Not applicable.

**Item 4. Controls and Procedures.**

**Management's Report on Disclosure Controls and Procedures**

As of December 31, 2025, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, (2) lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (3) inadequate segregation of duties consistent with control objectives; and (4) management dominated by two individuals without adequate compensating controls. The aforementioned material weaknesses were identified by our Chief Executive and Financial Officer in connection with their review of our financial statements as of December 31, 2025.

Management believes that the material weaknesses set forth above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors' results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

**Changes in Internal Control over Financial Reporting**

The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. Our internal control system was designed to, in general, provide reasonable assurance to the Company's management and board regarding the preparation and fair presentation of published financial statements, but because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness 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 or procedures may deteriorate.

Our management assessed the effectiveness of the Company's internal control over financial reporting as of March 31, 2025. The framework used by management in making that assessment was the criteria set forth in the document entitled "Internal Control - Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission (*COSO - 2013 Framework*). Based on that assessment, based on that evaluation, our management concluded that our internal control over financial reporting was not effective as of March 31, 2025. This was due to deficiencies that existed in the design or operation of our internal control over financial reporting that adversely affected our internal controls and that amounted to material weaknesses.

The matters involving internal control over financial reporting that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our 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 of having segregation of the initiation of transactions, the recording of transactions and the custody of assets; and (3) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by our Chief Executive Officer and Chief Financial Officer in connection with the review of our financial statements as of March 31, 2025.

To address the material weaknesses set forth in items (2) and (3) discussed above, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented.

There have been no changes in our internal controls over financial reporting that occurred during the nine months ended December 31, 2025, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

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**PART II - OTHER INFORMATION**

**Item 1. Legal Proceedings.**

We are not presently a party to any legal proceedings and, to our knowledge, no such proceedings are threatened or pending.

However, we noted the following risks arising recently:

· Substantial uncertainties exist with respect to the interpretation and implementation of PRC Foreign Investment Law and how it may impact the viability of our current corporate structure, corporate governance and business operations.

The PRC government will establish a foreign investment information reporting system, according to which foreign investors or foreign-invested enterprises shall submit investment information to the competent department for commerce concerned through the enterprise registration system and the enterprise credit information publicity system, and a security review system under which the security review shall be conducted for foreign investment affecting or likely affecting the state security.

Furthermore, the Foreign Investment Law provides that foreign invested enterprises established according to the existing laws regulating foreign investment may maintain their structure and corporate governance within five years after the implementing of the Foreign Investment Law.

In addition, the Foreign Investment Law also provides several protective rules and principles for foreign investors and their investments in the PRC, including, among others, that a foreign investor may freely transfer into or out of China, in Renminbi or a foreign currency, its contributions, profits, capital gains, income from disposition of assets, royalties of intellectual property rights, indemnity or compensation lawfully acquired, and income from liquidation, among others, within China; local governments shall abide by their commitments to the foreign investors; governments at all levels and their departments shall enact local normative documents concerning foreign investment in compliance with laws and regulations and shall not impair legitimate rights and interests, impose additional obligations onto FIEs, set market access restrictions and exit conditions, or intervene with the normal production and operation activities of FIEs; except for special circumstances, in which case statutory procedures shall be followed and fair and reasonable compensation shall be made in a timely manner, expropriation or requisition of the investment of foreign investors is prohibited; and mandatory technology transfer is prohibited.

● The Chinese government exerts substantial influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to list on U.S exchanges, however, if our VIE or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange, which would materially affect the interest of the investors.

The Chinese government has exercised and continues to exercise substantial control over virtually every sector of the Chinese economy through regulation and state ownership. Our ability to operate in China may be harmed by changes in its laws and regulations, including those relating to taxation, environmental regulations, land use rights, property and other matters. The central or local governments of these jurisdictions may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures and efforts on our part to ensure our compliance with such regulations or interpretations. Accordingly, government actions in the future, including any decision not to continue to support recent economic reforms and to return to a more centrally planned economy or regional or local variations in the implementation of economic policies, could have a significant effect on economic conditions in China or particular regions thereof, and could require us to divest ourselves of any interest we then hold in Chinese properties.

As such, the Company's business segments may be subject to various government and regulatory interference in the provinces in which they operate. The Company could be subject to regulation by various political and regulatory entities, including various local and municipal agencies and government sub-divisions. The Company may incur increased costs necessary to comply with existing and newly adopted laws and regulations or penalties for any failure to comply.

Furthermore, it is uncertain when and whether the Company will be required to obtain permission from the PRC government to list on U.S. exchanges in the future, and even when such permission is obtained, whether it will be denied or rescinded. Although the Company is currently not required to obtain permission from any of the PRC federal or local government to obtain such permission and has not received any denial to list on the U.S. exchange, our operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or industry.

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| 22 |
| *[**Table of Contents**](#TOC)* |

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**Item 1A. Risk Factors.**

Not applicable.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**

No stock was sold during the nine months ended December 31, 2025.

**Item 3. Defaults Upon Senior Securities.**

None.

**Item 4. Mine Safety Disclosures.**

None.

**Item 5. Other Information.**

None.

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| *[**Table of Contents**](#TOC)* |

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**Item 6. Exhibits.**

**Index to Exhibits**

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| | |
|:---|:---|
| [31.1](yinfu_ex311.htm) | [Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.](yinfu_ex311.htm) |
| [31.2](yinfu_ex312.htm) | [Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.](yinfu_ex312.htm) |
| [32.1](yinfu_ex321.htm) | [Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.](yinfu_ex321.htm) |
| 101.INS | XBRL Instance Document. |
| 101.SCH | XBRL Taxonomy Extension Schema Document. |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document. |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document. |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document. |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document. |

---

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|:---|
| 24 |
| *[**Table of Contents**](#TOC)* |

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**SIGNATURES**

Pursuant to the requirements 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.

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| | | |
|:---|:---|:---|
|  | Yinfu Gold Corporation | Yinfu Gold Corporation |
|  | (Registrant)  | (Registrant)  |
| Dated: February 23, 2026 |  | /s/ Zhang*, Hong* |
|  |  | **Zhang, Hong** |
|  |  | Chief Executive Officer |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**CERTIFICATION**

I, Zhang, Hong, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Yinfu Gold Corporation

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Dated: February 23, 2026 | By: | */s/ Zhang ,Hong* |
|  |  | **Zhang, Hong** |
|  |  | Chief Executive Officer <br> Principal Executive Officer |

---

## Exhibit 31.2

**EXHIBIT 31.2**

**CERTIFICATION**

I, Zhang, Hong, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Yinfu Gold Corporation.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | | |
|:---|:---|:---|
| Dated: February 23 2026 | By: | */s/ Zhang, Hong* |
|  |  | **Zhang, Hong** |
|  |  | Chief Financial Officer<br> Principal Financial Officer |

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## Exhibit 32.1

**EXHIBIT 32.1**

**CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER**

**PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

I, Zhang, Hong, certify, as of the dates hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Yinfu Gold Corporation, on Form 10-Q for the nine months ended December 31, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Yinfu Gold Corporation at the dates and for the periods indicated.

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| | | |
|:---|:---|:---|
| Date: February 23, 2026 | By: | */s/ Zhang, Hong* |
|  |  | **Zhang, Hong** |
|  |  | Chief Executive Officer  |

---

I, Jiang, Libin, certify, as of the dates hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Yinfu Gold Corporation, on Form 10-Q for the nine months ended December 31, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Yinfu Gold Corporation at the dates and for the periods indicated.

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| | | |
|:---|:---|:---|
| Date: February 23, 2026 | By: | */s/ Zhang, Hong* |
|  |  | **Zhang, Hong** |
|  |  | Chief Financial Officer  |

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A signed original of this written statement required by Section 906 has been provided to Yinfu Gold Corporation and will be retained by Yinfu Gold Corporation and furnished to the Securities and Exchange Commission or its staff upon request.