# EDGAR Filing Document

**Accession Number:** 0001830696
**File Stem:** 0001493152-23-003772
**Filing Date:** 2023-2
**Character Count:** 84258
**Document Hash:** de482d69a66db827e9d494513cbd1a16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003772.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001493152-23-003772

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 43

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLOBAL LEADERS CORP
- **CENTRAL INDEX KEY:** 0001830696
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** NV

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-251324
- **FILM NUMBER:** 23592693

**BUSINESS ADDRESS:**
- **STREET 1:** UNITS 2613-18, 26/F., SHUI ON CENTRE
- **STREET 2:** 6-8 HARBOUR ROAD
- **CITY:** WANCHAI
- **STATE:** K3
- **ZIP:** 0000000000
- **BUSINESS PHONE:** (852)81023633

**MAIL ADDRESS:**
- **STREET 1:** UNITS 2613-18, 26/F., SHUI ON CENTRE
- **STREET 2:** 6-8 HARBOUR ROAD
- **CITY:** WANCHAI
- **STATE:** K3
- **ZIP:** 0000000000

?xml version="1.0" encoding="utf-8"?

**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 **October 31, 2022**

OR

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

For the transition period from_________to_________

Commission File **No. 333-251324**

**<u>GLOBAL LEADERS CORP.</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Nevada** | **None** |
| (State or other jurisdiction<br> of incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

**Units 2613-18, 26/F., Shui On Centre**

**6-8 Harbour Road,** Wanchai

**<u>Hong Kong</u>**

(Address of principal executive offices, zip code)

**Tel: (852) 8102 3633**

(Registrant's telephone number, including area code)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.

Yes ☐ No ☒

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

Indicate by check mark whether the registrant has submitted electronically and 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 filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (check one):

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ 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 is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act): Yes ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12,13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒. No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

There is no public trading market for the shares of Common Stock of Global Leaders Corp. As a result, the aggregate market value of the common units held by non-affiliates of Global Leaders Corp. cannot be determined.

As of February 7, 2023, there were 154,394,750 shares of Common Stock, $0.0001 par value per share, outstanding.

**GLOBAL LEADERS CORP.**

**FORM 10-K**

**FOR THE FISCAL YEAR ENDED OCTOBER 31, 2022**

**INDEX**

---

| | | |
|:---|:---|:---|
|  |  | Page # |
| [PART I](#a_001) |  |  |
| Item 1. | [Business](#a_002) | 2 |
| Item 1A. | [Risk Factors](#a_003) | 3 |
| Item 1B. | [Unresolved Staff Comments](#a_004) | 3 |
| Item 2. | [Properties](#a_005) | 3 |
| Item 3. | [Legal Proceedings](#a_006) | 3 |
| Item 4. | [Mine Safety Disclosure](#a_007) | 3 |
| [PART II](#a_008) |  |  |
| Item 5. | [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#a_009) | 4 |
| Item 6. | [Selected Financial Data](#a_010) | 5 |
| Item 7. | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_011) | 5 |
| Item 7A. | [Quantitative and Qualitative Disclosures About Market Risk](#a_012) | 6 |
| Item 8. | [Financial Statements and Supplementary Data](#a_013) | 6 |
| Item 9. | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#a_014) | 7 |
| Item 9A. | [Controls and Procedures](#a_015) | 7 |
| Item 9B. | [Other Information](#a_016) | 7 |
| [PART III](#a_017) |  |  |
| Item 10. | [Directors, Executive Officers and Corporate Governance](#a_018) | 8 |
| Item 11. | [Executive Compensation](#a_019) | 9 |
| Item 12. | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#a_020) | 10 |
| Item 13. | [Certain Relationships and Related Transactions, and Director Independence](#a_021) | 11 |
| Item 14. | [Principal Accounting Fees and Services](#a_022) | 11 |
| [PART IV](#a_023) |  |  |
| Item 15. | [Exhibits, Financial Statement Schedules](#a_024) | 12 |
| [SIGNATURES](#a_025) | [SIGNATURES](#a_025) | 13 |

---

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K of Global Leaders Corp., a Nevada corporation (the "Company"), contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results.

Our management has included projections and estimates in this Form 10-K, which are based primarily on management's experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward - looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

**<u>PART I</u>**

**ITEM 1. BUSINESS**

**CORPORATE HISTORY**

We are a Company with a focus on start-up advisory and corporate consulting services, targeting start-up companies and young entrepreneurs in the Asia-Pacific Region.

Global Leaders Corporation was incorporated under the laws of the State of Nevada on July 20, 2020.

On August 25, 2020, Global Leaders Corporation, a Nevada company, acquired 100% of the equity interests of Global Leaders Corporation, an Anguilla company ("GLC Anguilla"). On August 25, 2020, GLC Anguilla acquired 100% of the equity interests of Global Leaders Academy Limited ("GLA"), a Hong Kong company.

On May 1, 2022, GLC Anguilla sold its entire 100% interest in GLA to an unrelated party due to continuing losses incurred by GLA.

Mr. Peter Yip currently holds the positions of Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director of the Company, respectively.

The Company's principal mailing address is relocated from Unit 512, InnoCentre, 72 Tat Chee Avenue, Kowloon Tong, Hong Kong to Units 2613-18, 26/F., Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong effective December 16, 2022.

**DESCRIPTION OF BUSINESS**

We plan to provide consultancy services to management executives of small and medium enterprises in Hong Kong. We believe clients retain us because of our expertise and capabilities in highly specialized areas, as well as our reputation for successfully meeting our clients' needs.

Planned consultancy services

Our consultancy services will be divided into three stages: 1) Diagnosis Stage; 2) Execution of Solutions Stage; and 3) Follow-up Stage.

1) Diagnosis Stage

At initial stage, to provide tailor-made solutions to our clients, we conduct interviews and meetings with management executives, which can be conducted face-to-face or online.

2) Execution of Solutions Stage

Upon agreement with the client, we provided recommendations as advised in the diagnosis report. Workshops and trainings will be conducted by outsourced qualified trainers or our staff.

3) Follow-up stage

After the completion of the workshops, we follow up with clients regularly by meeting with the participants and managements. The meetings provide clients with guidance to identify success and failure factors on an on-going basis.

**PLAN OF OPERATION**

Our planned operations may be hindered by factors beyond our control, such as general market conditions, our ability to attract qualified employees, government policies relevant to our industry, our ability to maintain our existing competitive advantages and new market entrants.

Our anticipated future growth will likely place significant demand on our management and operational efficiency. Our success in managing our growth will depend, to a significant degree, on our ability to attract new clients and retain existing clients and launch new services to increase our revenue. In addition, we will adapt our existing services to changing industry and user conditions, and expand, train and manage our employees. The market in which we operate is highly dynamic and may not develop as expected. If we are unable to manage our operations properly and prudently as we continue to grow in this evolving market, or if the quality of our services deteriorates due to mismanagement, our brand name and reputation could be severely harmed, which would materially and adversely affect our business, financial condition, and results of operations.

**ITEM 1A. RISK FACTORS**

Not required by smaller reporting companies. We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 1B. UNRESOLVED STAFF COMMENTS**

None

**ITEM 2. PROPERTIES**

Our current business office is located at Units 2613-18, 26/F., Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong. The office space is provided by the Chief Executive Officer at no charge.

**ITEM 3. LEGAL PROCEEDINGS**

The Company is not a party to any threatened or pending legal proceedings.

**ITEM 4. MINE SAFETY DISCLOSURES**

Not applicable.

**<u>PART II</u>**

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

We have authorized capital stock consisting of 600,000,000 shares of Common Stock, $0.0001 par value per share ("Common Stock") and 200,000,000 shares of preferred stock, $0.0001 par value per share ("Preferred Stock"). As of October 31, 2022, 153,726,000 shares of our Common Stock were issued.

On May 25, 2021, we received a notice of effectiveness from SEC. Since the effectiveness, we have not received a ticker symbol and our shares of Common Stock have not been quoted on the OTC Bulletin Board.

**ISSUANCE OF SHARES AND HOLDERS**

During the year ended October 31, 2021, the Company sold 112,500 shares of restricted Common Stock to four individuals at a price of $0.80 per share, for total proceeds of $90,000.

During the year ended October 31, 2022, the Company did not issue any shares of Common Stock.

As of October 31, 2022, we had 153,726,000 shares of our Common Stock par value, $.0001 issued and outstanding. There were 56 beneficial owners of our Common Stock.

In November 2022, the Company sold 668,750 shares of restricted Common Stock to eighteen individuals in a private placement at a price of $0.80 per share, for total proceeds of $535,000.

Mr. Yip Hoi Hing Peter ("Mr. Peter Yip"), Chief Executive Officer, Chief Financial Officer and Director of the Company is a shareholder of the Company. At October 31, 2022, Mr. Peter Yip beneficially owns 68.54% of the common stock of the Company, comprised of his individual ownership of Common Stock of 30,100,000 shares, as well as 30,000,000 shares held by each of CSG Global Holdings Limited and CS Global Consultancy Limited, which are both controlled entirely by Mr. Yip Hoi Hing Peter, and 15,250,000 shares of Common Stock owned by his wife Ms. Law Mo Ching.

After the issuance of 668,750 shares of Common Stock in November 2022, Mr. Peter Yip's beneficial shareholding ownership changed from 68.54% to 68.23%, respectively.

As of the date of this filing, we have 154,394,750 shares of Common Stock issued and outstanding and no shares of Preferred Stock are issued and outstanding.

**TRANSFER AGENT AND REGISTRAR**

As of the date of this filing, we do not have a transfer agent.

**PENNY STOCK REGULATIONS**

The Securities and Exchange Commission has adopted regulations which generally define "penny stock" to be an equity security that has a market price of less than $5.00 per share. Our Common Stock, when and if a trading market develops, may fall within the definition of penny stock and be subject to rules that impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally those with assets more than $1,000,000, or annual incomes exceeding $200,000 individually, or $300,000, together with their spouse).

For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities and have received the purchaser's prior written consent to the transaction. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the Securities and Exchange Commission relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. Consequently, the "penny stock" rules may restrict the ability of broker-dealers to sell our Common Stock and may affect the ability of investors to sell their Common Stock in the secondary market.

In addition to the "penny stock" rules promulgated by the Securities and Exchange Commission, the Financial Industry Regulatory Authority ("FINRA") has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our Common Stock, which may limit the investors' ability to buy and sell our stock.

**DIVIDEND POLICY**

Any future determination as to the declaration and payment of dividends on shares of our Common Stock will be made at the discretion of our Board of Directors out of funds legally available for such purpose. We are under no contractual obligations or restrictions to declare or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our Board of Directors currently intends to retain all earnings for use in the business for the foreseeable future.

**SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS**

We have not established any compensation plans under which equity securities are authorized for issuance.

**RECENT SALES OF UNREGISTERED SECURITIES**

In November 2022, the Company sold 668,750 shares of restricted Common Stock to eighteen individuals in a private placement at a price of $0.80 per share, for total proceeds of $535,000.

Set forth below is a listing of the November 2022 sale of shares of restricted Common Stock:

---

| | |
|:---|:---|
| Name | Number of Shares |
| Ho Ching | 25000 |
| Tsui Hok Hoi Eddie | 25000 |
| Lee Suk Man | 125000 |
| Ng Wing Yee | 31250 |
| Tang Choi Ying | 12500 |
| Tsui Lam Oi Kwan Sandy | 12500 |
| Wong Hou Yan Norman | 12500 |
| Tsui Tai Hoi Raymond | 200000 |
| Tsui Wong Dig Hong Betty | 62500 |
| Tsui Shuk Yee Irene | 12500 |
| Yau Kwai Ching Maggie | 12500 |
| Tong Hing Yam Carie | 37500 |
| Ho Kwan Ming | 12500 |
| Szeto Yiu Kwai | 12500 |
| Wong Kwai Ling Lucy | 37500 |
| Leung Yuk Kuen | 12500 |
| Leung Mei Yee Isabella | 12500 |
| Leung Chuen Yee | 12500 |
| Total | 668750 |

---

**PURCHASES OF EQUITY SECURITIES BY THE REGISTRANT AND AFFILIATED PURCHASERS**

We have not repurchased any shares of our Common Stock during the fiscal year ended October 31, 2022.

**ITEM 6. SELECTED FINANCIAL DATA**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

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

**OVERVIEW**

Global Leaders Corp. (the "Company" or "we") was incorporated in the State of Nevada on July 20, 2020 and has a fiscal year end of October 31.

**GOING CONCERN**

For the year ended October 31, 2022, the Company incurred a net loss of $109,321 and used cash in operations of $181,985, and at October 31, 2022, had a stockholders' deficit of $63,459. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that its financial statements are issued. In addition, the Company's independent registered public accounting firm, in their report on the Company's October 31, 2022, audited financial statements, raised substantial doubt about the Company's ability to continue as a going concern. The Company's financial statements included elsewhere in this annual report do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

As of October 31, 2022, the Company's cash balance was $797. In November 2022, the Company sold 668,750 restricted shares of its common stock to eighteen individual shareholders in a private placement for total proceeds of $535,000. Notwithstanding the November 2022 equity financing, the Company's ability to continue as a going concern is dependent upon the Company's ability to implement its business plans and continue receiving financial support from its officers and shareholders. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**CRITICAL ACCOUNTING POLICIES AND ESTIMATES**

**USE OF ESTIMATES**

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates. Significant estimates include estimates for the accruals of potential liabilities.

**REVENUE RECOGNITION**

The Company recognizes revenues when its customer obtains control of promised services, in an amount that reflects the consideration the Company expects to receive in exchange for those services. The Company recognizes revenue following the five-step model prescribed by Accounting Standards Codification (ASC) 606, "Revenue from Contracts"*,* which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

**RECENT ACCOUNTING PRONOUNCEMENTS**

See Note 1 to the Consolidated Financial Statements.

**RESULTS OF OPERATIONS**

**Years ended October 31, 2022 and 2021:**

We recorded no revenues and cost of revenues for the years ended October 31, 2022 and 2021, respectively.

For the years ended October 31, 2022 and 2021, general and administrative expenses were $105,905 and $529,266 and included $54,691 and $461,245 of general and administrative expenses to related parties for the years ended October 31, 2022 and 2021, respectively.

**Liquidity and Capital Resources**

For the year ended October 31, 2022, the Company incurred a net loss of $109,321 (including loss from continuing operations of $105,905) and used cash in operations of $181,985, (including cash used in operations of continuing operations of $159,809) and at October 31, 2022, had a stockholders' deficit of $63,459. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that its financial statements are issued.

As of October 31, 2022, the Company's cash balance was $797. In November 2022, the Company sold 668,750 restricted shares of its common stock to eighteen individual shareholders in a private placement for total proceeds of $535,000. Notwithstanding the November 2022 equity financing, the Company's ability to continue as a going concern is dependent upon the Company's ability to implement its business plans and continue receiving financial support from its officers and shareholders. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**OFF-BALANCE SHEET ARRANGEMENTS**

As of October 31, 2022, we have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders.

**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

The financial statements required by this item are in PART IV of this Annual Report.

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

None.

**ITEM 9A. CONTROLS AND PROCEDURES**

**DISCLOSURE CONTROLS AND PROCEDURES**

Under the supervision and with the participation of our management, including our principal executive and financial officer, we are responsible for conducting an evaluation of the effectiveness of the design and operation of our internal controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the fiscal year covered by this report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission ("SEC") reports is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive and financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of October 31, 2022 due to material weaknesses in our internal control over financial reporting as described below.

**MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING**

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15. Internal control over financial reporting is defined in Rule 13a-15(f) and 15(d)-15(f) under the Exchange Act as a process designed to provide reasonable assurance to the Company's management and Board of Directors regarding the preparation and fair presentation of published financial statements. Management conducted an assessment of the Company's internal control over financial reporting as of October 31, 2022 based on the framework and criteria established by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013) (COSO). Based on the assessment, management concluded that, as of October 31, 2022, the Company's internal controls over financial reporting were not effective.

We identified material weaknesses in our internal controls over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified include (i) the Company did not maintain a functioning independent audit committee and did not maintain an independent board; (ii) the Company had inadequate segregation of duties; and (iii) the Company had an insufficient number of personnel with an appropriate level of U.S. GAAP knowledge and experience and ongoing training in the application of U.S. GAAP and SEC disclosure requirements commensurate with the Company's financial reporting requirements.

The material weaknesses were identified by our President, Chief Executive Officer and Director, who also serves as our principal financial officer and principal accounting officer, in connection with the review of our financial statements as of October 31, 2022.

Notwithstanding the identified material weaknesses, management has concluded that the Financial Statements included in this Annual Report on Form 10-K present fairly, in all material respects, the Company's financial position, results of operations and cash flows for the periods disclosed in conformity with U.S. GAAP.

**CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING**

There was no change in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

This annual report does not include an attestation report of the Company's registered independent public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered independent public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this Annual Report on Form 10-K.

**ITEM 9B. OTHER INFORMATION**

None.

**<u>PART III</u>**

**ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE**

Our executive officer's and director's and their respective ages as of the date hereof are as follows:

---

| | | |
|:---|:---|:---|
| **NAME** | **AGE** | **POSITION** |
| Yip Hoi Hing Peter | 65 | President, Chief Executive Officer, Chief Financial Officer, Chairman of Board of Directors |

---

The executive officer and director named above will serve until the next annual meeting of the stockholders or until their respective resignation or removal from office. Thereafter, directors are anticipated to be elected for one-year terms at the annual stockholders' meeting. Officers will hold their positions at the pleasure of the Board of Directors, absent any employment agreement, of which none currently exists or is contemplated.

Set forth below is a brief description of the background and business experience of our executive officer and director.

**Yip Hoi Hing Peter,** 65, is the President, Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of Directors of the Company. Mr. Yip graduated from banking in Association of Chartered Institute of Bankers London and Master of Business Administration degree in Hong Kong Polytechnic University, Mr. Yip has held various senior positions in ABN AMRO, Standard Chartered Bank, JPMorgan Chase and CSG Group Holdings Limited in the last 30+ years. He was the regional training manager in ABN AMRO from 1982 to 1992, spearheading the training function in Asia Pacific region. In 1993, he took up the position of Regional Training Consultant in Standard Chartered Bank to develop corporate bankers' relationship management competencies. From 1994 to 2003, Mr. Yip was the Head of Learning & Development, North Asia in JPMorgan Chase, specializing in organizational integration, leadership alignment, change management, culture development, performance management and feedback management. After 20 years' career in banking, Mr. Yip started his entrepreneurship as the Founder & CEO of CSG Group Holdings Limited in 2003. In the last 19 years, he has set up a diversified business in Asia Pacific, ranging from market research, business consulting to corporate advisory. Mr. Yip brings to the board of directors his business leadership, corporate strategy, and talent development expertise.

**TERM OF OFFICE**

All directors hold office until the next annual meeting of the stockholders of the Company and until their successors have been duly elected and qualified. The Company's Bylaws provide that the Board of Directors will consist of no less than three members. Officers are elected by and serve at the discretion of the Board of Directors.

**DIRECTOR INDEPENDENCE**

Our Board of Directors is currently composed of one member who does not qualify as an independent director in accordance with the published listing requirements of the NASDAQ Global Market (though the Company may have a plan to list on the NASDAQ Global Market later). The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our Board of Directors has not made a subjective determination as to our director that no relationships exist which, in the opinion of our Board of Directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our Board of Directors made these determinations, our Board of Directors would have reviewed and discussed information provided by our director and us regarding to our director's business and personal activities and relationships as they may relate to us and our management.

**CERTAIN LEGAL PROCEEDINGS**

No director, nominee for director, or executive officer of the Company has appeared as a party in any legal proceeding material to an evaluation of his ability or integrity during the past five years.

**SIGNIFICANT EMPLOYEES AND CONSULTANTS**

Other than our officers and directors, we currently have no other significant employees.

**AUDIT COMMITTEE AND CONFLICTS OF INTEREST**

Since we do not have an audit or compensation committee comprised of independent directors, the functions that would have been performed by such committees are performed by our directors. The Board of Directors has not established an audit committee and does not have an audit committee financial expert, nor has the Board of Directors established a nominating committee. The Board is of the opinion that such committees are not necessary since the Company is an early exploration stage company and has only two directors, and to date, such directors have been performing the functions of such committees. Thus, there is a potential conflict of interest in that our directors and officers have the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions.

There are no family relationships among our directors or officers. Other than as described above, we are not aware of any other conflicts of interest with any of our executive officers or directors.

**SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE**

Section 16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors, and persons who own more than ten percent of a registered class of our equity securities, file reports of ownership and changes in ownership with the SEC. Executive officers, directors and greater-than-ten percent stockholders are required by SEC regulations to furnish us with all Section 16(a) forms they file. Specific due dates for these reports have been established and the Company is required to report in this report any failure to file by these dates.

All filing requirements were satisfied by the Company's Officers, Directors, and ten-percent holders.

In making these statements, we have relied on the written representation of our Directors and Officers or copies of the reports that they have filed with the Commission.

**CODE OF ETHICS**

We have not adopted a formal Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal, business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand in the future, we may take actions to adopt a formal Code of Ethics.

**SHAREHOLDER PROPOSALS**

Our Company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for Directors. The Board of Directors believes that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business operations develop to a more advanced level. Our Company does not currently have any specific or minimum criteria for the election of nominees to the Board of Directors and we do not have any specific process or procedure for evaluating such nominees. The Board of Directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our President, at the address appearing on the first page of this Information Statement.

**ITEM 11. EXECUTIVE COMPENSATION**

The following tables set forth certain information about compensation paid, earned or accrued for services by our Chief Executive Officer and Chief Financial Officer in the fiscal years ended October 31, 2022, and 2021:

**SUMMARY COMPENSATION TABLE**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and principal position** | **Year** | **Salary ($)** | **Bonus ($)** | **Stock Compensation ($)** | **Option Awards ($)** | **Non-Equity Incentive Plan Compensation ($)** | **Nonqualified Deferred Compensation Earnings ($)** | **All Other Compensation ($)** | **Total ($)** |
| Yip Hoi Hing Peter (1) | 2022 |  |  |  | – | &nbsp;&nbsp;&nbsp;&nbsp; - | – | &nbsp;&nbsp;&nbsp;&nbsp; - | $- |
| Yip Hoi Hing Peter (1) | 2021 |  |  |  | – |  | – |  | $&nbsp;&nbsp;&nbsp;&nbsp;- |

---

(1) On July 20, 2020, Mr. Yip Hoi Hing Peter ("Mr. Peter Yip") was appointed Chief Executive Officer, President and Director of the Company. Mr. Peter Yip currently holds the positions of Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director of the Company, respectively.

None of our directors have received monetary compensation since our inception to the date of this Annual Report on Form 10-K. We currently do not pay any compensation to our directors serving on our Board of Directors.

**STOCK OPTION GRANTS**

We have not granted any stock options to our executive officers since our incorporation.

**EMPLOYMENT AGREEMENTS**

We do not have an employment or consulting agreement with any officers or Directors.

**DIRECTOR'S COMPENSATION**

The following table sets forth directors' compensation as of October 31, 2022 (2021: Nil).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Salary ($)** | **Bonus ($)** | **Stock Compensation ($)** | **Option Awards ($)** | **Non-Equity Incentive Plan Compensation ($)** | **Nonqualified Deferred Compensation Earnings ($)** | **All Other Compensation ($)** | **Total ($)** |
| Yip Hoi Hing Peter (1) | – |  |  |  |  |  |  | $- |

---

(1) On July 20, 2020, Mr. Yip Hoi Hing Peter ("Mr. Peter Yip") was appointed Chief Executive Officer, President and Director of the Company. Mr. Peter Yip currently holds the positions of Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director of the Company, respectively.

**COMPENSATION DISCUSSION AND ANALYSIS**

**DIRECTOR COMPENSATION**

Our Board of Directors does not currently receive any consideration for their services as members of the Board of Directors. The Board of Directors reserves the right in the future to award the members of the Board of Directors cash or stock-based consideration for their services to the Company, which awards, if granted shall be in the sole determination of the Board of Directors.

**EXECUTIVE COMPENSATION PHILOSOPHY**

Our Board of Directors determines the compensation given to our executive officers in their sole determination. Our Board of Directors reserves the right to pay our executive or any future executives a salary, and/or issue them shares of Common Stock in consideration for services rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer's performance. This package may also include long-term stock-based compensation to certain executives, which is intended to align the performance of our executives with our long-term business strategies. Additionally, while our Board of Directors has not granted any performance base stock options to date, the Board of Directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would be in the best interests of the Company.

**INCENTIVE BONUS**

The Board of Directors may grant incentive bonuses to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are in the Company's best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

**LONG-TERM, STOCK BASED COMPENSATION**

To attract, retain and motivate executive talent necessary to support the Company's long-term business strategy we may award our executive and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our Board of Directors, which we do not currently have any immediate plans to award.

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

The following table lists, as of October 31, 2022, the number of shares of Common Stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more than 5% of the outstanding Common Stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group. Information relating to beneficial ownership of Common Stock by our principal shareholders and management is based upon information furnished by each person using "beneficial ownership" concepts under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power.

The percentages below are calculated based on 153,726,000 shares of our Common Stock issued and outstanding as of October 31, 2022. We do not have any outstanding warrant, options, or other securities exercisable for or convertible into shares of our Common Stock.

---

| | | |
|:---|:---|:---|
| Name of Beneficial Owner | Number of Common Stock Owned | Percentage of Ownership |
| Yip Hoi Hing Peter (Chief Executive Officer, Chief Financial Officer, President and Director) (1) | 105350000 | 68.54% |
| Yip Sau Fong (2) | 10000000 | 6.51% |
| Yip Sau Fan Fanny (2) | 10000000 | 6.51% |
| Greenpro Venture Capital Limited (3) | 9000000 | 5.85% |
| Lee Chong Kuang (4) | 8000000 | 5.20% |

---

(1) Mr.
 Yip Hoi Hing Peter's ownership comprises his individual ownership of Common Stock of 30,100,000 shares as well as 30,000,000
 shares held by each of CSG Global Holdings Limited and CS Global Consultancy Limited, which are both controlled entirely by Mr. Yip
 Hoi Hing Peter, and the 15,250,000 shares of Common Stock owned by his wife Ms. Law Mo Ching.

(2) Ms.
 Yip Sau Fong and Ms. Yip Sau Fan Fanny are sisters to our Chief Executive Officer, Mr. Yip Hoi Hing Peter.

(3) Greenpro
 Venture Capital Limited is owned and controlled entirely by Greenpro Capital Corp. or "GRNQ," a NASDAQ listed Company.

(4) Mr.
 Lee Chong Kuang is Chief Executive Officer and Director of Greenpro Capital Corp.

Beneficial ownership has been determined in accordance with Rule 13d-3 under the Exchange Act. Under this rule, certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire shares (for example, upon exercise of an option or warrant) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the number of shares is deemed to include the number of shares beneficially owned by such person by reason of such acquisition rights. As a result, the percentage of outstanding shares of any person as shown in the following table does not necessarily reflect the person's actual voting power at any date.

**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE**

None.

**ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES**

Below is the aggregate amount of fees billed for professional services rendered by our principal accountants with respect to our last two fiscal years.

---

| | | |
|:---|:---|:---|
|  | For the Year <br> Ended <br> October 31, 2022 | For the Year <br> Ended <br> October 31, 2021 |
| Audit fees | $10000 | $12500 |
| Audit related fees | - | - |
| Total | $10000 | $12500 |

---

The category of "Audit fees" includes fees for our annual audit, quarterly reviews and services rendered in connection with regulatory filings with the SEC, such as the issuance of comfort letters and consents.

The category of "Audit-related fees" includes employee benefit plan audits, internal control reviews and accounting consultation.

All the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements by Weinberg & Company, P.A. (2022 and 2021) were approved by our Board of Directors.

**<u>PART IV</u>**

**ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**

**(a) Exhibits**

The following exhibits are filed or "furnished" herewith:

---

| | |
|:---|:---|
| **Number** | **Description** |
| 3.1 | [Articles of Incorporation (1)](https://www.sec.gov/Archives/edgar/data/1830696/000159991620000156/articles_31.htm) |
| 3.2 | [Bylaws (1)](https://www.sec.gov/Archives/edgar/data/1830696/000159991620000156/ex32.htm) |
| 17.1 | [Departure of Director and Appointment of Officer dated June 4, 2021 (2)](https://www.sec.gov/Archives/edgar/data/1830696/000149315221013571/form8-k.htm) |
| 17.2 | [Departure of Director and Appointment of Officer dated June 22, 2021 (3)](https://www.sec.gov/Archives/edgar/data/1830696/000149315221015052/form8-k.htm) |
| 17.3 | [Departure of Director and Appointment of Officer dated September 23, 2021 (4)](https://www.sec.gov/ix?doc=/Archives/edgar/data/1830696/000149315221023528/form8-k.htm) |
| 31.1 | [Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\*](ex31-1.htm) |
| 32.1 | [Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\*](ex32-1.htm) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Filed herewith.

(1) Previously
 filed and incorporated by reference to the Company's Registration Statement on Form S-1, as amended (File No. 333-251324),
 as filed with the Securities and Exchange Commission on December 14, 2020.

(2) Previously
 filed as an exhibit to the Company's Current Report on Form 8-K filed with SEC on June 4, 2021.

(3) Previously
 filed as an exhibit to the Company's Current Report on Form 8-K filed with SEC on June 23, 2021.

(4) Previously
 filed as an exhibit to the Company's Current Report on Form 8-K filed with SEC on September 24, 2021.

\*\* XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

**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.

---

| | | |
|:---|:---|:---|
|  | **GLOBAL LEADERS CORP.** | **GLOBAL LEADERS CORP.** |
|  | (Name of Registrant) | (Name of Registrant) |
| Date: February 7, 2023 | By: | */s/ **Yip Hoi Hing Peter*** |
|  | Name: | Yip Hoi Hing Peter |
|  | Title: | Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer) |

---

**INDEX TO CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **Page #** |
| **Consolidated Financial Statements** |  |
| [Report of Independent Registered Public Accounting Firm](#f_001) (PCAOB ID: 572) | F-2 |
| [Consolidated Balance Sheets as of October 31, 2022, and 2021](#f_002) | F-3 |
| [Consolidated Statements of Operations and Comprehensive Loss for the years ended October 31, 2022 and 2021](#f_003) | F-4 |
| [Consolidated Statements of Stockholders' Equity (Deficit) for the years ended October 31, 2022 and 2021](#f_004) | F-5 |
| [Consolidated Statements of Cash Flows for the years ended October 31, 2021 and 2021](#f_005) | F-6 |
| [Notes to Consolidated Financial Statements](#f_006) | F-7 – F-10 |

---

**Report of Independent Registered Public Accounting Firm**

To the Stockholders and the Board of Directors of Global Leaders Corp.

**Opinion on the Financial Statements**

We have audited the accompanying consolidated balance sheets of Global Leaders Corp. (the "Company") as of October 31, 2022 and 2021, the related consolidated statements of operations and comprehensive loss, stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of October 31, 2022 and 2021, 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.

**Going Concern** 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, during the year ended October 31, 2022, the Company incurred a net loss and had negative cash flows from operations, and at October 31, 2022, had a stockholders' deficit. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in relation to these matters are also described in Note 1. 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 these financial statements based on our audits. We are a public accounting firm registered with the Public 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 audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error 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.

We have served as the Company's auditor since 2020.

/s/Weinberg & Company, P.A.

Los Angeles, California

February 7, 2023

**GLOBAL LEADERS CORP.**

**CONSOLIDATED BALANCE SHEETS**

**AS OF OCTOBER 31, 2022, AND 2021**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **October 31, 2022** | **October 31, 2021** |
| **ASSETS** |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $797 | $2552 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents from discontinued operations | - | 9270 |
| &nbsp;&nbsp;&nbsp;Prepaid expense | 2041 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total currents assets | 2838 | 11822 |
| **TOTAL ASSETS** | $2838 | $11822 |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | $10000 | $12500 |
| &nbsp;&nbsp;&nbsp;Accrued expense due to related party |  | 50000 |
| &nbsp;&nbsp;&nbsp;Due to officer/principal shareholder | 56297 | 224 |
| &nbsp;&nbsp;&nbsp;Current liabilities from discontinued operations | - | 43458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 66297 | 106182 |
| **Commitments and Contingencies** |  |  |
| **STOCKHOLDERS' DEFICIT** |  |  |
| Preferred stock, $0.0001 par value; 200,000,000 shares authorized; no shares issued and outstanding at October 31, 2022 and 2021 |  |  |
| Common stock, $0.0001par value, 600,000,000shares authorized; 153,726,000shares issued and outstanding at October 31, 2022 and 2021 | 15372 | 15372 |
| Additional paid in capital | 889387 | 752338 |
| Accumulated other comprehensive income | 3332 | 159 |
| Accumulated deficit | (971550) | (862229) |
| Total stockholders' deficit | (63459) | (94360) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT** | $2838 | $11822 |

---

See accompanying notes to the consolidated financial statements.

**GLOBAL LEADERS CORP.**

**CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS**

**FOR THE YEARS ENDED OCTOBER 31, 2022 AND 2021**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** |
|  | **2022** | **2021** |
| **Revenues:** | $- | $- |
| **Operating expenses:** |  |  |
| General and administrative-related parties | 54691 | 461245 |
| General and administrative-other | 51214 | 68021 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 105905 | 529266 |
| **Loss from operations** | (105905) | (529266) |
| Interest income | - | 1 |
| Loss from continuing operations | (105905) | (529265) |
| **Discontinued operations:** |  |  |
| <br> Loss from discontinued operations | (1959) | (225097) |
| Loss on sale of discontinued operations | (1457) | - |
| &nbsp;&nbsp;&nbsp;Discontinued operations | (3416) | (225097) |
| **Net loss** | (109321) | (754362) |
| Other comprehensive income: |  |  |
| &nbsp;&nbsp;&nbsp;-Foreign currency translation income | 3173 | 155 |
| **Comprehensive loss** | $(106148) | $(754207) |
| Net loss per common share - basic and diluted | $(0.00) | $(0.00) |
| Weighted average common shares outstanding - basic and diluted | 153726000 | 153637200 |

---

See accompanying notes to the consolidated financial statements.

**GLOBAL LEADERS CORP.**

**CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT**)

**FOR THE YEARS ENDED OCTOBER 31, 2022 AND 2021**

**(Expressed in U.S. Dollars)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | | |
|  | **Number** | **Amount** | **Additional Paid-in**<br>**Capital** | **Accumulated Other Comprehensive**<br>**Income** | **Accumulated**<br>**Deficit** | **Total<br> Stockholders'<br> Equity**<br>**(Deficit)** |
| Balance, October 31, 2020 | 153613500 | $15361 | $662349 | $4 | $(107867) | $569847 |
| Common Stock issued for cash in private placements | 112500 | 11 | 89989 |  |  | 90000 |
| Foreign currency transaction |  |  |  | 155 |  | 155 |
| Net loss | - | - | - | - | (754362) | (754362) |
| Balance, October 31, 2021 | 153726000 | 15372 | 752338 | 159 | (862229) | (94360) |
| Capital contribution due to forgiveness of debt from officer/principal shareholder |  |  | 137049 |  |  | 137049 |
| Foreign currency translation |  |  |  | 3173 |  | 3173 |
| Net loss | - | - | - | - | (109321) | (109321) |
| Balance, October 31, 2022 | 153726000 | $15372 | $889387 | $3332 | $(971550) | $(63459) |

---

See accompanying notes to the consolidated financial statements.

**GLOBAL LEADERS CORP.**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE YEARS ENDED OCTOBER 31, 2022 AND 2021**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** |
|  | **2022** | **2021** |
| **Cash Flows From Operating Activities** |  |  |
| Net loss | $(109321) | $(754362) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Loss from discontinued operations | 1959 | 225097 |
| &nbsp;&nbsp;&nbsp;Loss from sale of discontinued operations | 1457 |  |
| Change in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expense | (2041) |  |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | (1863) | 12500 |
| &nbsp;&nbsp;&nbsp;Accounts payable due to related party | (50000) | 50000 |
| Net cash used in operations - continuing operations | (159809) | (466765) |
| Net cash used in operating activities - discontinued operations | (22176) | (204889) |
| Net cash used in operating activities | (181985) | (671654) |
| **Cash Flows From Investing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;Disposal of subsidiary, net of cash disposed of | (2094) | - |
| Net cash used in investing activities - continuing operations | (2094) | - |
| **Cash Flows From Financing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;Advances from an officer/principal shareholder | 56074 |  |
| &nbsp;&nbsp;&nbsp;Proceeds from shares issued for cash in private placements | - | 90000 |
| Net cash provided by financing activities - continuing operations | 56074 | 90000 |
| Net cash provided by financing activities - discontinued operations | 114444 | 19896 |
| Net cash provided by financing activities | 170518 | 109896 |
| Effect of exchange rate changes in cash and cash equivalents | 2536 | 155 |
| Net decrease in cash and cash equivalents | (11025) | (561603) |
| Cash and cash equivalents, beginning of year | 11822 | 573425 |
| Cash and cash equivalents, ending of year | $797 | $11822 |
| Supplementary Cash Flow Information |  |  |
| Cash paid for: |  |  |
| Interest | $- | $- |
| Income taxes | - | - |
| Non-cash investing and financing activities:  |  |  |
| &nbsp;&nbsp;&nbsp;Capital contribution due to forgiveness of debt from officer/principal shareholder | $137049 | $- |

---

See accompanying notes to the consolidated financial statements.

**GLOBAL LEADERS CORP.**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED OCTOBER 31, 2022 AND 2021**

**(Expressed in U.S. Dollars)**

**1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Description of business**

Global Leaders Corporation, a Nevada corporation (the "Company"), was incorporated in the State of Nevada on July 20, 2020.

On July 20, 2020, Mr. Yip Hoi Hing Peter ("Mr. Peter Yip"), founder of the Company, was appointed as Chief Executive Officer, President and sole director of the Company. The Company plans to develop professional consultancy services to management executives of small and medium enterprises in Hong Kong.

**COVID-19**

The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. The Company monitors guidance from national and local public health authorities and has implemented health and safety precautions and protocols in response to these guidelines. The extent of the impact of the COVID-19 pandemic has had and will continue to have on the Company's business is highly uncertain and difficult to predict and quantify at this time.

**Going Concern**

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying consolidated financial statements, for the year ended October 31, 2022, the Company incurred a net loss of $109,321 and used cash in operating activities of $181,985 and at October 31, 2022, had a stockholders' deficit of $63,459. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that these financial statements are issued. These financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

As of October 31, 2022, the Company's cash balance was $797. In November 2022, the Company sold 668,750 restricted shares of its common stock to eighteen individual shareholders in a private placement for total proceeds of $535,000. Notwithstanding the November 2022 equity financing, the Company's ability to continue as a going concern is dependent upon the Company's ability to implement its business plans and continue receiving financial support from its officers and shareholders. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**Basis of presentation and consolidation**

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Global Leaders Corporation, a holding company incorporated in Anguilla ("GLC Anguilla"), and Global Leaders Academy Limited, a company incorporated in Hong Kong ("GLA") that the Company operated until May 2022, when GLA was sold (see Note 2). As of October 31, 2022, the Company owns one subsidiary, GLC Anguilla. Intercompany accounts and transactions have been eliminated in consolidation.

**Use of estimates**

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates. Significant estimates include estimates for the accruals of potential liabilities.

**Revenue recognition**

The Company recognizes revenues when its customer obtains control of promised services, in an amount that reflects the consideration the Company expects to receive in exchange for those services. The Company recognizes revenue following the five-step model prescribed by Accounting Standards Codification (ASC) 606, "Revenue from Contracts"*,* which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

**Cash and cash equivalents**

Cash consists of funds on hand and held in bank accounts. Cash equivalents includes demand deposits placed with banks or other financial institutions and all highly liquid investments with original maturities of three months or less, including money market funds. The Company had no cash equivalents as at October 31, 2022 or 2021.

SCHEDULE OF CASH AND CASH EQUIVALENTS

---

| | | |
|:---|:---|:---|
|  | As of <br> October 31, | As of <br> October 31, |
|  | 2022 | 2021 |
| <u>Cash and cash equivalents</u> |  |  |
| Denominated in United States Dollars | $217 | $491 |
| Denominated in Hong Kong Dollars | 580 | 2061 |
| Cash from discontinued operations in Hong Kong Dollars | - | 9270 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $797 | $11822 |

---

Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash. As of October 31, 2022, substantially all the Company's cash was held by a major financial institution located in Hong Kong, which management believes is of high credit quality

**Fair value measurements**

The Company follows the guidance of ASC 820-10, "Fair Value Measurements and Disclosures", with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

*Level 1 :* Observable inputs such as quoted prices in active markets;

*Level 2 :* Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

*Level 3 :* Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions

The Company believes the carrying amount reported in the balance sheet for cash and cash equivalents, prepaids and other current assets, accrued liabilities, due to an officer, and due to a related party, approximate their fair values because of the short-term nature of these financial instruments.

**Foreign currency translation**

The reporting currency of the Company is the United States Dollars ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company's operating subsidiary maintains its books and records in its functional currency, Hong Kong Dollars ("HK$").

In general, for consolidation purposes, assets, and liabilities of the Company's subsidiaries whose functional currency is not the US$, are translated into US$ using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the year. The gains and losses resulting from translation of financial statements of a foreign subsidiary are recorded as a separate component of accumulated other comprehensive loss within stockholders' equity.

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

SCHEDULE OF FOREIGN CURRENCY TRANSLATION

---

| | | |
|:---|:---|:---|
|  | As of and for the years ended October 31, | As of and for the years ended October 31, |
|  | 2022 | 2021 |
| Period-end HK$ : US$1 exchange rate | 7.85 | 7.78 |
| Period-average HK$ : US$1 exchange rate | 7.83 | 7.77 |

---

**Net loss per share**

The Company calculates net loss per share in accordance with ASC Topic 260, "Earnings per Share." Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed like basic net loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. As of October 31, 2022, the Company has no potentially dilutive securities, such as options or warrants, outstanding.

**Concentrations**

For the years ended October 31, 2022, and 2021, two vendors accounted for 84% (52% and 32%) and 87% (44% and 43%) of the Company's operating expenses, respectively.

**Recent Accounting Pronouncements**

In June 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments ("ASC 326"). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today's "incurred loss" approach with an "expected loss" model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard's provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for interim and annual reporting periods beginning after December 15, 2022. The adoption of ASU 2016-13 is not expected to have a material impact on the Company's financial position, results of operations, and cash flows.

Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

**NOTE 2 - DISCONTINUED OPERATIONS**

In May 2022, GLC Anguilla finalized the sale of its entire 100% interest in GLA to an unrelated party for HK$1 (approximately $0.13), due to continuing losses incurred by GLA.

GLA was deconsolidated effective May 1, 2022. Subsequent to the deconsolidation, the Company did not have any continuing involvement in the operations of the disposed subsidiary. The disposal is accounted for as discontinued operations and, accordingly, all prior periods presented in the accompanying consolidated balance sheets, statements of operations and statements of cash flows have been adjusted to conform to this presentation; no adjustment has been made to the prior period consolidated balance sheet as a result of the disposal.

On May 1, 2022, prior to the disposal, GLA had net assets of $2,094 and net liabilities of $637. As a result, the Company recorded a loss on sale of discontinued operations of $1,457:

SCHEDULE OF SALE OF DISCONTINUED OPERATIONS

---

| | |
|:---|:---|
| Carrying value of assets disposed | $(2094) |
| Carrying value of liabilities disposed | 637 |
| Carrying value of net assets disposed | (1457) |
| Sales proceeds | - |
| Loss on sale of discontinued operations | $(1457) |

---

The following table summarizes certain selected components of discontinued operations for the disposed subsidiary for the years ended October 31, 2022 and 2021:

SUMMARY OF COMPONENTS OF DISCONTINUED OPERATIONS FOR DISPOSED SUBSIDIARY

---

| | | |
|:---|:---|:---|
|  | **For the year ended October 31,** | **For the year ended October 31,** |
|  | **2022** | **2021** |
| Revenues | $2560 | $55843 |
| Loss from discontinued operations | $(1959) | $(225097) |
| Loss per share from discontinued operations - Basic and Diluted | $(0.00) | $(0.00) |
| Current and total assets | $- | $9270 |
| Current and total liabilities | $- | $43458 |

---

**NOTE 3 - STOCKHOLDERS**

Shares issued for cash in private placements

During the year ended October 31, 2022, the Company did not issue any shares of Common Stock.

During the year ended October 31, 2021, the Company sold 112,500 shares of restricted Common Stock to four shareholders at a price of $0.80 per share, for total proceeds of $90,000.

**NOTE 4 - INCOME TAXES**

The Company had no income tax expense for the years ended October 31, 2022 and 2021, respectively. The following is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate:

SCHEDULE OF INCOME TAX PROVISIONS

---

| | | |
|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** |
|  | **2022** | **2021** |
| Loss from continuing operations before income tax: | $(105905) | $(529265) |
| U.S. Federal statutory tax rate | 21% | 21% |
| Income tax benefit at statutory rate | (22240) | (111146) |
| Foreign tax rate difference |  |  |
| Change in valuation allowance | 22240 | 111146 |
| Income tax provision | $- | $- |

---

---

| | | |
|:---|:---|:---|
|  | **As of**<br> **October 31,**  | **As of**<br> **October 31,**  |
|  | **2022** | **2021** |
| Components of deferred tax assets: |  |  |
| Net operating loss carryforwards | $149566 | $127326 |
| Gross deferred tax assets | 149566 | 127326 |
| Less: valuation allowance | (149566) | (127326) |
| Net deferred tax asset | $- | $- |

---

The provisions of ASC Topic 740, Accounting for Income Taxes, require an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets are recoverable. As of October 31, 2022 and 2021, based on all available objective evidence, including the existence of cumulative losses, the Company determined that it was more likely than not that the net deferred tax assets were not fully realizable. Accordingly, the Company established a full valuation allowance against its net deferred tax assets. The Company intends to maintain a full valuation allowance on net deferred tax assets until sufficient positive evidence exists to support reversal of the valuation allowance.

The Company adopted the provisions of ASC 740, which requires companies to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities before any tax benefit can be recorded in the financial statements. ASC 740 also provides guidance on the recognition, measurement, classification and interest and penalties related to uncertain tax positions. As of October 31, 2022 and 2021, no liability for unrecognized tax benefits was required to be recorded or disclosed.

**NOTE 5 - RELATED PARTY TRANSACTIONS**

In 2020, Mr. Peter Yip, CEO, purchased 30,100,000 shares of restricted Common Stock issued to founders for $3,100 and is a 19.58% shareholder in the Company. In addition, in 2020, two companies owned by Mr. Peter Yip, CS Global Consultancy Limited ("CS Global") and CSG Group Holdings Limited, each purchased 30,000,000 shares of restricted Common Stock issued to founders for $3,000 and are each 19.52% shareholders in the Company.

Greenpro Capital Corp., through its wholly owned subsidiaries (collectively "Greenpro"), is a 5.85% shareholder in the Company. In addition, three executives of Greenpro are collectively 10.41% shareholders in the Company.

In April 2022, Mr. Peter Yip forgave liabilities due to him by GLA (see Note 2) of $137,049. As a result, the Company recorded a capital contribution to the Company of $137,049 during the year ended October 31, 2022. As of October 31, 2022 and 2021, the Company owed Mr. Peter Yip $56,297 and $224, respectively, for advances made to the Company for operations. The advances are due on demand, are unsecured, and are non-interest bearing.

For the year ended October 31, 2022, the Company incurred total fees to Greenpro of $54,691, including accounting fees of $50,496 and company secretarial fees of $4,195, respectively. For the year ended October 31, 2021, the Company incurred total fees to Greenpro of $226,677, including accounting fees of $47,866, advisory fees of $175,000 and company secretarial fees of $3,811, respectively.

For the year ended October 31, 2022, the Company did not incur any fees to CS Global or Asia Pacific Management & Family Office Limited ("Asia Pacific Management"). For the year ended October 31, 2021, fees paid to CS Global totaled $172,641 including advertising and promotion expense of $42,320, management fees of $70,389, and administration fees of $59,932. Also, for the year ended October 31, 2021, the Company incurred consulting fees of $61,927 to Asia Pacific Management, a company incorporated in Hong Kong, and wholly owned by Mr. Peter Yip. In addition the Company's office space is provided by Mr. Peter Yip at no charge.

**NOTE 6 – SUBSEQUENT EVENT**

In November 2022, the Company sold 668,750 shares of restricted Common Stock to eighteen individuals in a private placement at a price of $0.80 per share, for total proceeds of $535,000.

## Exhibit 31.1

**EXHIBIT 31.1**

**SECTION 302 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER OF GLOBAL LEADERS CORP.**

I, Yip Hoi Hing Peter, certify that:

1. I have reviewed this annual report on Form 10-K of Global Leaders Corp.;

2. Based on my knowledge, this annual 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 annual report;

3. Based on my knowledge, the financial statements, and other financial information included in this annual 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 annual report;

4. The registrant's other certifying officer(s) and I are 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 year (the registrant's fourth fiscal year 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. The registrant's other certifying officer(s) and 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.

---

| | | |
|:---|:---|:---|
| Date: February 7, 2023 | By: | */s/ Yip Hoi Hing Peter* |
|  |  | Yip Hoi Hing Peter |
|  |  | Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer) |

---

## Exhibit 32.1

**EXHIBIT 32.1**

**SECTION 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER** 

**OF GLOBAL LEADERS CORP.**

In connection with the accompanying Annual Report on Form 10-K of Global Leaders Corp. for the year ended October 31, 2022, the undersigned, Yip Hoi Hing Peter, Chief Executive Officer, Chief Financial Officer and Director of Global Leaders Corp., does hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) such Annual Report on Form 10-K for the year ended October 31, 2022, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in such Annual Report on Form 10-K for the year ended October 31, 2022, fairly presents, in all material respects, the financial condition and results of operations of Global Leaders Corp.

---

| | | |
|:---|:---|:---|
| Date: February 7, 2023 | By: | */s/ Yip Hoi Hing Peter* |
|  |  | Yip Hoi Hing Peter |
|  |  | Chief Executive Officer and Chief Financial Officer |
|  |  | (Principal Executive Officer and Principal Financial and Accounting Officer) |

---