# EDGAR Filing Document

**Accession Number:** 0001681769
**File Stem:** 0001520138-26-000145
**Filing Date:** 2026-5
**Character Count:** 40809
**Document Hash:** 992c5e97c73c5870bc4f63c90bd792fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001520138-26-000145.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001520138-26-000145

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 33

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRILLIANT N.E.V. CORP.
- **CENTRAL INDEX KEY:** 0001681769
- **STANDARD INDUSTRIAL CLASSIFICATION:** SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-213698
- **FILM NUMBER:** 26942082

**BUSINESS ADDRESS:**
- **STREET 1:** 5348 VEGAS DRIVE
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89108
- **BUSINESS PHONE:** 35722000341

**MAIL ADDRESS:**
- **STREET 1:** 5348 VEGAS DRIVE
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Clancy Corp
- **DATE OF NAME CHANGE:** 20160808

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 10-Q**

(Mark One)

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

For the quarterly period ended April 30, 2025

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

Commission File No. 333-213698

**BRILLIANT N.E.V. CORP.**

(Exact name of registrant as specified in its charter)

Nevada <u>30-0944559</u> <br> <u>(State or other jurisdiction of incorporation or organization)</u> <u>(I.R.S. Employer Identification No.)</u>

Room 805, West Building 4, Xintiandi Business Center,

Gongshu District, Hangzhou City, Zhejiang Province, China

(Address of principal executive offices)

Registrant's telephone number, including area code: +86-189-1098-4577

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

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.

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 Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

As of April 30, 2026, there were 153,105,464 shares of Common Stock, $0.001 par value per share, outstanding.

[**Table of Contents**](#toc)

**Table of Contents**

---

| | |
|:---|:---|
| [PART I – FINANCIAL INFORMATION](#a_001) | [3](#a_001) |
| [Item 1. Financial Statements](#a_002) | [3](#a_002) |
| [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_008) | [4](#a_008) |
| [Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_009) | [5](#a_009) |
| [Item 4. Controls and Procedures](#a_010) | [5](#a_010) |
| [PART II – OTHER INFORMATION](#a_011) | [6](#a_011) |
| [Item 1. Legal Proceedings](#a_012) | [6](#a_012) |
| [Item 1A. Risk Factors](#a_013) | [6](#a_013) |
| [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_014) | [6](#a_014) |
| [Item 3. Defaults Upon Senior Securities](#a_015) | [6](#a_015) |
| [Item 4. Mine Safety Disclosures](#a_016) | [6](#a_016) |
| [Item 5. Other Information](#a_017) | [6](#a_017) |
| [Item 6. Exhibits](#a_018) | [6](#a_018) |

---

[**Table of Contents**](#toc)

**PART I – FINANCIAL INFORMATION**

**Item 1. Financial Statements**

**BRILLIANT N.E.V. CORP.**

**INDEX TO CONDENSED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| [Condensed Balance Sheets as of April 30, 2025 (Unaudited) and July 31, 2024 (Audited)](#a_003) | [F-1](#a_003) |
| [Condensed Statements of Operations for the Three and Nine Months Ended April 30, 2025 and 2024 (Unaudited)](#a_004) | [F-2](#a_004) |
| [Condensed Statement of Changes in Stockholders' Deficit for the Nine Months Ended April 30, 2025 and 2024 (Unaudited)](#a_005) | [F-3](#a_005) |
| [Condensed Statements of Cash Flows for the Nine Months Ended April 30, 2025 and 2024 (Unaudited)](#a_006) | [F-4](#a_006) |
| [Notes to Condensed Financial Statements (Unaudited)](#a_007) | [F-5](#a_007) |

---

[**Table of Contents**](#toc)

**BRILLIANT N.E.V CORP.**

**BALANCE SHEETS**

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | April 30, 2025 | July 31, 2024 |
| **ASSETS** |  |  |
| CURRENT ASSETS |  |  |
| Cash | $6347 | $7972 |
| Total current assets | 6347 | 7972 |
| TOTAL ASSETS | $6347 | $7972 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)** |  |  |
| CURRENT LIABILITIES |  |  |
| Accounts payable | $- | $99 |
| Loan from related party | 49145 | 49145 |
| Total current liabilities | 49145 | 49244 |
| TOTAL LIABILITIES | 49145 | 49244 |
| COMMITMENTS AND CONTINGENCIES |  |  |
| STOCKHOLDERS' EQUITY (DEFICIT) |  |  |
| Common stock, $0.001 par value; authorized 345,000,000 shares; 153,105,464 shares issued and outstanding at April 30, 2025 and July 31, 2024 | 153105 | 153105 |
| Additional paid-in capital | 114333 | 114333 |
| Accumulated deficit | (310236) | (308710) |
| TOTAL EQUITY (DEFICIT) | (42798) | (41272) |
| **TOTAL LIABILITIES AND EQUITY (DEFICIT)** | $6347 | $7972 |

---

See accompanying notes to the condensed financial statements.

[**Table of Contents**](#toc)

**BRILLIANT N.E.V. CORP.**

**STATEMENTS OF OPERATIONS**

(Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the three months ended April 30, | For the three months ended April 30, | For the nine months ended April 30, | For the nine months ended April 30, |
|  | 2025 | 2024 | 2025 | 2024 |
| Revenues | $- | $- | $- | $- |
| Cost of goods sold |  |  |  |  |
| Gross profit (loss) | - | - | - | - |
| EXPENSES |  |  |  |  |
| Professional fees |  | 11000 |  | 36015 |
| General and administrative expenses | 500 | 2018 | 1526 |  |
| Total operating expenses | 500 | 13018 | 1526 | 36015 |
| LOSS FROM CONTINUING OPERATIONS | (500) | (13018) | (1526) | (36015) |
| Net loss before tax | (500) | (13018) | (1526) | (36015) |
| Provision for income taxes | - | - | - | - |
| NET LOSS | $(500) | $(13018) | $(1526) | $(36015) |
| NET LOSS PER COMMON SHARE FROM OPERATIONS - BASIC & DILUTED | $- | $- | $- | $- |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED | 153105464 | 153105464 | 153105464 | 153105464 |

---

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

[**Table of Contents**](#toc)

**BRILLIANT N.E.V CORP.**

**CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' DEFICIT**

**For the nine months ended April 30, 2025 and 2024**

(Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Common Stock | Common Stock | | | |
|  | Share | Amount | Additional Paid in<br>Capital | Accumulated<br>Deficit |<br>TOTAL |
| Balance, July 31, 2023 | 153105464 | $153105 | $114333 | $(272839) | $(5401) |
| Net Loss |  |  |  | (13216) | (13216) |
| Balance, October 31, 2023 | $153105464 | $153105 | $114333 | $(286055) | $(18617) |
| Net Loss |  |  |  | (13018) | (13018) |
| Balance, January 31, 2024 | $153105464 | $153105 | $114333 | $(299073) | $(31635) |
| Net Loss | - | - | - | $(9781) | $(9781) |
| Balance, April 30, 2024 | $153105464 | $153105 | $114333 | $(308854) | $(41416) |
| Balance, July 31, 2024 | 153105464 | $153105 | $114333 | $(308710) | $(41272) |
| Net loss |  |  |  | (500) | (500) |
| Balance, October 31, 2024 | 153105464 | 153105 | 114333 | $(309210) | $(41772) |
| Net Loss |  |  |  | (526) | (526) |
| Balance, January 31, 2025 | 153105464 | $153105 | $114333 | $(309736) | $(42298) |
| Net Loss | - | - | - | (500) | (500) |
| Balance, April 30, 2025 | 153105464 | $153105 | $114333 | $(310236) | $(42798) |

---

See accompanying notes to the condensed financial statements.

[**Table of Contents**](#toc)

**BRILLIANT N.E.V. CORP.** 

**STATEMENTS OF CASH FLOWS**

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | For the nine months ended | For the nine months ended |
|  | April 30, 2025 | April 30, 2024 |
| Operating activities |  |  |
| Net loss | $(1526) | (36015) |
| Changes in assets and liabilities: |  |  |
| Accounts payable | (99) | (1204) |
| Net cash used in operating activities | (1625) | (37219) |
| Financing activities |  |  |
| Loans from related party | - | 44763 |
| Total net cash provided by financing activities |  | 44763 |
| Net increase in cash | (1625) | 7544 |
| Cash at beginning of period | $7972 | $1302 |
| Cash at end of the period | $6347 | $8846 |

---

See accompanying notes to the condensed financial statements.

[**Table of Contents**](#toc)

**BRILLIANT N.E.V. CORP.**

**NOTES TO FINANCIAL STATEMENTS**

(Unaudited)

**NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS**

Brilliant N.E.V. Corp. (formerly Clancy Corp.) (the "Company") was incorporated in the State of Nevada on March 22, 2016. Except where the context otherwise requires, references to the "Company" include its subsidiaries.

In April 2020, the Company established Shanghai Clancy Enterprise Management Co., Ltd. ("Shanghai Clancy"), a wholly foreign-owned enterprise in Shanghai, China. Shanghai Clancy subsequently established Beijing Clancy Information Technology Co., Ltd. ("Beijing Clancy") as its wholly owned subsidiary in Beijing, China.

The Company previously operated in China through its subsidiaries. In June 2023, in connection with a change in control of the Company pursuant to a stock purchase agreement, the Company ceased the operations of its China subsidiaries. In October 2023, the Company, Shanghai Clancy, and Hongshan Yuanda Limited entered into an agreement pursuant to which all of the Company's rights, title and interest in and to Shanghai Clancy, including its ownership of Beijing Clancy, were transferred to Hongshan Yuanda Limited, effective as of June 30, 2023. As of the effective date of the transfer, Shanghai Clancy had no operations and no assets, and all liabilities were assigned to the transferee.

In July 2023, the Company changed its name from Clancy Corp. to Brilliant N.E.V. Corp.

As of April 30, 2025, the Company had not commenced any new business operations and remained a shell company, with no or only nominal operations and nominal assets other than cash.

**NOTE 2 – GOING CONCERN**

The accompanying unaudited condensed financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended April 30, 2025, the Company incurred a net loss, had an accumulated deficit, and experienced negative cash flows from operating activities. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these financial statements are issued. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Management intends to address these conditions through capital raising efforts, related-party support, and the pursuit of suitable business opportunities or strategic transactions. However, there can be no assurance that the Company will be successful in these efforts.

[**Table of Contents**](#toc)

**NOTE 3 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), the instructions to Form 10-Q, and Rule 10-01 of Regulation S-X. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. The results of operations for the three and nine months ended April 30, 2025 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2025 or for any future interim period.

These unaudited condensed financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.

The Company's fiscal year end is July 31.

**Use of Estimates**

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. There have been no material changes in the Company's critical accounting policies and estimates from those disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.

**Income Taxes**

Income taxes are accounted for using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the financial statement 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. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized.

**Revenue Recognition**

The Company recognizes revenue in accordance with ASC 606, *Revenue from Contracts with Customers*. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. As of April 30, 2025, the Company had not commenced new business operations and did not recognize revenue during the three and nine months then ended.

**Cash and Cash Equivalents**

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $6,347 in cash and equivalents as of April 30, 2025 and $7,972 as of July 31, 2024.

**Concentration of Credit Risk**

The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses on such accounts.

**Leases**

The Company determines whether an arrangement contains a lease at inception. Right-of-use assets and lease liabilities are recognized for leases with terms greater than twelve months based on the present value of lease payments over the lease term. The Company does not recognize right-of-use assets or lease liabilities for short-term leases. As of April 30, 2025, the Company had no material lease arrangements requiring recognition under ASC 842.

**Foreign Currency Translation**

Prior to the cessation and transfer of its former China subsidiaries, the financial statements of those subsidiaries were measured using the local currency, Renminbi ("RMB"), as the functional currency. The reporting currency of the Company is the United States dollar ("USD"). In connection with the cessation of the China operations in June 2023 and the subsequent transfer of Shanghai Clancy and its subsidiary effective June 30, 2023, the Company no longer had active foreign operations as of April 30, 2025. Accordingly, no foreign currency translation adjustment was recorded for the three and nine months ended April 30, 2025.

[**Table of Contents**](#toc)

**Basic and Diluted Net Loss Per Share**

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Diluted net loss per share is the same as basic net loss per share for the periods presented because any potentially dilutive instruments would be anti-dilutive. As of April 30, 2025 and July 31, 2024, the Company had no potentially dilutive securities outstanding.

**Comprehensive Loss**

The Company follows ASC 220, *Comprehensive Income*. Comprehensive loss includes all changes in equity during a period except those resulting from investments by and distributions to stockholders. For the three and nine months ended April 30, 2025, comprehensive loss was equal to net loss.

**Financial Instruments**

The carrying amounts of financial instruments such as cash, accounts payable, accrued liabilities, and advances approximate fair value because of the short-term nature of those instruments.

**Recently Adopted Accounting Pronouncements**

Management has reviewed recently issued accounting pronouncements and determined that there are no recently issued accounting standards not yet adopted that are expected to have a material effect on the Company's financial statements.

**No Material Changes in Significant Accounting Policies**

There have been no material changes to the Company's significant accounting policies from those disclosed the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.

**NOTE 4 – RELATED PARTY TRANSACTIONS**

The Company's Chief Financial Officer has funded the Company from time to time for working capital and operating expenses on an as-needed basis. During the nine months ended April 30, 2025, no additional advances were made to the Company. As of April 30, 2025 and July 31, 2024, the amounts due to the Chief Financial Officer were $49,145 and $49,145, respectively. These advances were unsecured, non-interest bearing, and due on demand.

**NOTE 5 – INCOME TAXES**

The Company accounts for income taxes in accordance with ASC 740, Income Taxes. As of April 30, 2025, management believes that it is more likely than not that the Company's deferred tax assets, if any, will not be realized, and accordingly a full valuation allowance has been recorded against such deferred tax assets. The Company did not record a material income tax provision for the interim period presented. As of April 30, 2025, the Company had net operating loss of approximately $310,236 for U.S. federal income tax purposes.

**NOTE 6 - SUBSEQUENT EVENTS**

Management has evaluated subsequent events through the date the financial statements were available to be issued. Based on this evaluation, the Company has determined that there were no material subsequent events requiring recognition or disclosure in these financial statements, except as disclosed elsewhere in this Quarterly Report on Form 10-Q.

[**Table of Contents**](#toc)

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

The following discussion and analysis should be read in conjunction with the unaudited condensed financial statements and related notes included elsewhere in this Quarterly Report on Form 10-Q and the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.

**Forward-Looking Statements**

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern the Company's expectations, strategy, plans, or intentions.

These forward-looking statements include, but are not limited to, statements regarding the Company's ability to continue as a going concern, raise additional capital, identify and complete a business combination, acquisition, or other strategic transaction, develop business operations, and achieve profitability. Forward-looking statements are based on management's current expectations, assumptions, and beliefs and are subject to a number of risks, uncertainties, and changes in circumstances that are difficult to predict and are often outside the Company's control. Actual results may differ materially from those expressed or implied by these forward-looking statements due to a variety of factors, including, but not limited to, the Company's limited operating history, lack of revenues, need for additional financing, ability to maintain compliance with its reporting obligations, and ability to identify and execute a suitable strategic transaction.

The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q, except as required by law.

**Overview**

The Company had no operating revenue during the three and nine months ended April 30, 2025. As of April 30, 2025, the Company had not commenced any new business operations and remained a shell company, with no or only nominal operations and nominal assets other than cash. The Company is evaluating potential business opportunities, but as of April 30, 2025 had not entered into any transaction that resulted in a change in its shell company status.

**Results of Operations**

Three Months Ended April 30, 2025 Compared to Three Months Ended April 30, 2024

The Company did not generate any revenue during the three months ended April 30, 2025 or April 30, 2024.

Operating expenses for the three months ended April 30, 2025 consisted primarily of general and administrative expenses associated with maintaining the Company's reporting obligations. Operating expenses for the comparable prior-year period consisted primarily of professional fees and general and administrative expenses.

The Company reported a net loss of $500 for the three months ended April 30, 2025, compared to a net loss of $13,018 for the three months ended April 30, 2024. The decrease in net loss from period to period was primarily attributable to lower professional and compliance expenses.

Nine Months Ended April 30, 2025 Compared to Nine Months Ended April 30, 2024

The Company did not generate any revenue during the nine months ended April 30, 2025 or April 30, 2024.

Operating expenses for the nine months ended April 30, 2025 consisted primarily of general and administrative expenses associated with maintaining the Company's reporting obligations. Operating expenses for the comparable prior-year period consisted primarily of professional fees and general and administrative expenses.

[**Table of Contents**](#toc)

The Company reported a net loss of $1,526 for the nine months ended April 30, 2025, compared to a net loss of $36,015 for the nine months ended April 30, 2024. The decrease in net loss from period to period was primarily attributable to lower professional and compliance expenses.

**Liquidity and Capital Resources**

As of April 30, 2025, the Company had cash and cash equivalents of $6,347, compared to $7,972 as of July 31, 2024. The Company had limited cash and working capital and had not generated revenue from operations.

Net cash used in operating activities during the nine months ended April 30, 2025 was $1,625 and was primarily attributable to the Company's net loss and changes in working capital. The Company did not have financing activities during the period.

The accompanying unaudited condensed financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred recurring losses, has an accumulated deficit, has experienced negative cash flows from operating activities, and has limited cash resources. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

The Company's ability to continue as a going concern is dependent upon its ability to raise additional capital, obtain continued related-party support, reduce expenses, and ultimately achieve profitable operations through a business combination, acquisition, or other strategic transaction. There can be no assurance that the Company will be successful in obtaining additional funding or completing a transaction that generates operations.

**Off-Balance Sheet Arrangements**

As of April 30, 2025, the Company did not have any off-balance sheet arrangements, as defined in Item 303 of Regulation S-K, that have had, or are reasonably likely to have, a current or future material effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources.

**Critical Accounting Policies and Estimates**

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. There have been no material changes in the Company's critical accounting policies and estimates from those disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.

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

As a smaller reporting company, the Company is not required to provide the information required by this Item.

**Item 4. Controls and Procedures**

**Evaluation of Disclosure Controls and Procedures**

Management, with the participation of the Company's principal executive officer and principal financial officer, evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of April 30, 2025. Disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and that such information is accumulated and communicated to management, including the Company's principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Based on this evaluation, the Company's principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures were not effective as of April 30, 2025 because of material weaknesses in the Company's internal control over financial reporting. These material weaknesses included a lack of sufficient personnel with appropriate accounting and financial reporting expertise, inadequate segregation of duties, and limited written policies and procedures necessary to achieve complete, accurate and timely financial reporting.

**Changes in Internal Control over Financial Reporting**

There were no changes in the Company's internal control over financial reporting during the quarter ended April 30, 2025 that materially affected, or were reasonably likely to materially affect, the Company's internal control over financial reporting.

[**Table of Contents**](#toc)

**PART II – OTHER INFORMATION**

**Item 1. Legal Proceedings**

There are no material pending legal proceedings to which the Company is a party, and to the knowledge of management, no such proceedings are threatened against the Company, except as previously disclosed in the Company's filings with the Securities and Exchange Commission.

**Item 1A. Risk Factors**

As a smaller reporting company, the Company is not required to provide the information required by this Item.

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

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety Disclosures**

Not applicable.

**Item 5. Other Information**

During the quarter ended April 30, 2025, none of the Company's directors or officers adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as such terms are defined in Item 408 of Regulation S-K.

**Item 6. Exhibits**

---

| | |
|:---|:---|
| ***Exhibit*** | ***Description*** |
| ***[31.1](bnev-20250430_10qex31z1.htm)*** | ***[Certification of Principal Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\*](bnev-20250430_10qex31z1.htm)*** |
| ***[31.2](bnev-20250430_10qex31z2.htm)*** | [Certification of Principal Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\*](bnev-20250430_10qex31z2.htm) |
| [32.1](bnev-20250430_10qex32z1.htm) | [Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\*\*](bnev-20250430_10qex32z1.htm) |
| [32.2](bnev-20250430_10qex32z2.htm) | [Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\*\*](bnev-20250430_10qex32z2.htm) |

---

\* Filed herewith.

\*\* Furnished herewith.

[**Table of Contents**](#toc)

**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.

Date: April 30, 2026

**BRILLIANT N.E.V. CORP.** (Registrant)

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| | |
|:---|:---|
| By: | /s/ Guangzhe Su |
| Name: **Guangzhe Su** | Name: **Guangzhe Su** |
| Title: Chief Executive Officer | Title: Chief Executive Officer |
| (Principal Executive Officer) | (Principal Executive Officer) |
| By: | /s/ Xiangying Meng |
| Name: **Xiangying Meng** | Name: **Xiangying Meng** |
| Title: Chief Financial Officer | Title: Chief Financial Officer |
| (Principal Financial Officer) | (Principal Financial Officer) |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER**

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Guangzhe Su, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q (this "report") of Brilliant N.E.V. Corp. (the "registrant");

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. As the registrant's Principal Executive Officer, 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, including its consolidated subsidiaries, 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.

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.

 

---

| |
|:---|
| /s/ Guangzhe Su |
| *Guangzhe Su* |
| President and Chief Executive Officer |
| (Principal Executive Officer) |

---

## Exhibit 31.2

**EXHIBIT 31.2**

**CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER**

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Xiangying Meng, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q (this "report") of Brilliant N.E.V. Corp. (the "registrant");

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. As the registrant's Principal Financial Officer, 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, including its consolidated subsidiaries, 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.

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.

 

---

| |
|:---|
| /s/ *Xiangying Meng* |
| Xiangying Meng |
| Chief Financial Officer |
| (Principal Financial Officer) |

---

## Exhibit 32.1

**EXHIBIT 32.1**

**CERTIFICATION PURSUANT TO**

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

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

In connection with the Quarterly Report on Form 10-Q of Brilliant N.E.V. Corp. (the "Company") for the period ended April 30, 2025, as filed with the Securities and Exchange Commission on the date hereof (the "Report") I, the undersigned President and Chief Executive Officer of the Company, certify, to the best knowledge and belief, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

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

 

---

| |
|:---|
| /s/ *Guangzhe Su* |
| Guangzhe Su |
| President and Chief Executive Officer |
| (Principal Executive Officer) |

---

Date: April 30, 2026

## Exhibit 32.2

**EXHIBIT 32.2**

**CERTIFICATION PURSUANT TO**

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

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

In connection with the Quarterly Report on Form 10-Q of Brilliant N.E.V. Corp. (the "Company") for the period ended April 30, 2025, as filed with the Securities and Exchange Commission on the date hereof (the "Report") I, the undersigned Chief Financial Officer of the Company, certify, to the best knowledge and belief of the signatory, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

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

 

---

| |
|:---|
| /s/ *Xiangying Meng* |
| Xiangying Meng |
| Chief Financial Officer |
| (Principal Financial Officer) |

---

Date: April 30, 2026