# EDGAR Filing Document

**Accession Number:** 0001465311
**File Stem:** 0001683168-25-007521
**Filing Date:** 2025-10
**Character Count:** 927827
**Document Hash:** ed1125dbc1a9d6bbc95b740ccdc54a86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-25-007521.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001683168-25-007521

**CONFORMED SUBMISSION TYPE**: 10-12G

**PUBLIC DOCUMENT COUNT**: 171

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zicix Corp
- **CENTRAL INDEX KEY:** 0001465311
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 742036525
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56789
- **FILM NUMBER:** 251389677

**BUSINESS ADDRESS:**
- **STREET 1:** 215-W. BANDERA ROAD #114-459
- **CITY:** BOERNE
- **STATE:** TX
- **ZIP:** 78006
- **BUSINESS PHONE:** 830-331-0031

**MAIL ADDRESS:**
- **STREET 1:** 215-W. BANDERA ROAD #114-459
- **CITY:** BOERNE
- **STATE:** TX
- **ZIP:** 78006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BEDERRA Corp
- **DATE OF NAME CHANGE:** 20090601

[**Table of Contents**](#a_001)

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10**

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**Pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934**

**ZICIX CORPORATION** 

(Exact Name of Registrant as Specified in its Charter)

---

| | |
|:---|:---|
| **Nevada** | **74-2036525** |
| (State or Other Jurisdiction of | (I.R.S. Employer |
| Incorporation or Organization) | Identification No.) |
| **1901, The World Trade Centre**<br> **280 Gloucester Road, Causeway Bay**<br> **Hong Kong, China** |  |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **+852 91010998**

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

---

| | |
|:---|:---|
| (Title of Class) | (Name of exchange on which registered) |
| **n/a** | **n/a** |

---

Securities registered pursuant to section 12(g) of the Act:

**Common Stock, par value $0.00001 per share**

(Title of Class)

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

---

| | | | |
|:---|:---|:---|:---|
| 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 standards provided pursuant to Section 13(a) of the Exchange Act ☐

**FORM 10**

**ZICIX CORPORATION**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
|  |  | **Page** |
| Item 1. | [Business](#a_002) | 8 |
| Item 1A. | [Risk Factors](#a_003) | 28 |
| Item 2. | [Financial Information](#a_004) | 45 |
| Item 3. | [Properties](#a_005) | 64 |
| Item 4. | [Security Ownership of Certain Beneficial Owners and Management](#a_006) | 64 |
| Item 5. | [Directors and Executive Officers](#a_007) | 65 |
| Item 6. | [Executive Compensation](#a_008) | 67 |
| Item 7. | [Certain Relationships and Related Transactions, and Director Independence](#a_009) | 71 |
| Item 8. | [Legal Proceedings](#a_010) | 71 |
| Item 9. | [Market Price of and Dividends of the Registrant's Common Equity and Related Stockholder Matters](#a_011) | 71 |
| Item 10. | [Recent Sales of Unregistered Securities](#a_012) | 73 |
| Item 11. | [Description of Registrant's Securities to Be Registered](#a_013) | 74 |
| Item 12. | [Indemnification of Directors and Officers](#a_014) | 78 |
| Item 13. | [Financial Statements and Supplementary Data](#a_015) | 79 |
| Item 14. | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#a_016) | 79 |
| Item 15a. | [List of Financial Statements and Exhibits Part of Form 10](#a_018) | 80 |
| Item 15b. | [Exhibits of Financial Statements](#a_019) | 80 |
| [Index to Financial Statements](#a_020) | [Index to Financial Statements](#a_020) | F-1 |

---

i

**INTRODUCTORY COMMENT**

We are not a Hong Kong operating company but a Nevada holding company with operations conducted through our wholly owned subsidiary based in Hong Kong. Our investors hold shares of common stock in Zicix Corporation, the Nevada holding company. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary and will be dependent upon contributions from our subsidiary to finance our cash flow needs. Our ability to obtain contributions from our subsidiary are significantly affected by regulations promulgated by Hong Kong authorities. Any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to "**Risk Factors – [Risks Relating to Doing Business in Hong Kong](#a_027)**."

Zicix Corporation and our Hong Kong subsidiary are not required to obtain permission from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, or Cybersecurity Administration Committee, or CAC, to operate or to issue securities to foreign investors. However, in light of the recent statements and regulatory actions by the PRC government, such as those related to Hong Kong's national security, the promulgation of regulations prohibiting foreign ownership of Chinese companies operating in certain industries, which are constantly evolving, and anti-monopoly concerns, we may be subject to the risks of uncertainty of any future actions of the PRC government in this regard including the risk that we inadvertently conclude that such approvals are not required, that applicable laws, regulations or interpretations change such that we are required to obtain approvals in the future, or that the PRC government could disallow our holding company structure, which would likely result in a material change in our operations, including our ability to continue our existing holding company structure, carry on our current business, accept foreign investments, and offer or continue to offer securities to our investors. These adverse actions could value the value of our common stock to significantly decline or become worthless. We may also be subject to penalties and sanctions imposed by the PRC regulatory agencies, including the Chinese Securities Regulatory Commission, if we fail to comply with such rules and regulations, which would likely adversely affect the ability of the Company's securities to continue to trade on the Over-the-Counter Bulletin Board, which would likely cause the value of our securities to significantly decline or become worthless.

There may be prominent risks associated with our operations being in Hong Kong. For example, as a U.S.-listed Hong Kong public company, we may face heightened scrutiny, criticism and negative publicity, which could result in a material change in our operations and the value of our common stock. It could also significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless. Additionally, changes in Chinese internal regulatory mandates, such as the M&A rules, Anti-Monopoly Law, and the soon to be effective Data Security Law, may target the Company's corporate structure and impact our ability to conduct business in Hong Kong, accept foreign investments, or list on an U.S. or other foreign exchange. Recently, the PRC government initiated a series of regulatory actions and statements to regulate business operations in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement, The business of our subsidiary is not subject to cybersecurity review with the Cyberspace Administration of China, or CAC, given that: (i) our products and services are offered not directly to individual users but through our institutional customers; (ii) we do not possess a large amount of personal information in our business operations.. In addition, we are not subject to merger control review by China's anti-monopoly enforcement agency due to the level of our revenues which provided from us and audited by our auditor and the fact that we currently do not expect to propose or implement any acquisition of control of, or decisive influence over, any company with revenues within China of more than RMB400 million. Currently, these statements and regulatory actions have had no impact on our daily business operations, the ability to accept foreign investments and list our securities on an U.S. or other foreign exchange. However, since these statements and regulatory actions are new, it is highly uncertain how soon legislative or administrative regulation making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business operation, the ability to accept foreign investments and list our securities on an U.S. or other foreign exchange. For a detailed description of the risks facing the Company and the offering associated with our operations in Hong Kong, please refer to "**Risk Factors – [Risks Relating to Doing Business in Hong Kong](#a_027)**."

ii

The recent joint statement by the SEC and PCAOB, and the Holding Foreign Companies Accountable Act all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines that it cannot inspect or investigate completely our auditor, and that as a result, an exchange may determine to delist our securities. Our auditor is based in Kuala Lumpur, Malaysia and is subject to PCAOB inspection. It is not subject to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Malaysian authorities subsequently take a position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor to avoid having our securities delisted. Furthermore, due to the recent developments in connection with the implementation of the Holding Foreign Companies Accountable Act, we cannot assure you whether the SEC or other regulatory authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor's audit procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or experience as it relates to the audit of our financial statements. The requirement in the HFCA Act that the PCAOB be permitted to inspect the issuer's public accounting firm within two or three years, may result in the delisting of our securities from applicable trading markets in the U.S, in the future if the PCAOB is unable to inspect our accounting firm at such future time. Please see "***Risk Factors- [The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public accounting firm within three years. There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. If the U.S. securities regulatory agencies are unable to conduct such investigations, they may suspend or de-register our registration with the SEC and delist our securities from applicable trading market within the US](#a_028).***"

In addition to the foregoing risks, we face various legal and operational risks and uncertainties arising from doing business in Hong Kong as summarized below and in "Risk Factors — [Risks Relating to Doing Business in Hong Kong](#a_027)."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adverse changes in economic and political policies of the PRC government could have a material and adverse effect on overall economic growth in China and Hong Kong, which could materially and adversely affect our business. Please see "  ***Risk Factors- [We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in Hong Kong and the profitability of such business](#a_029) .***" and "  ***[Substantial uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may be able to conduct in the PRC and accordingly on the results of our operations and financial condition.](#a_030)*** "

· We are a holding company with operations conducted through our wholly owned subsidiary based in Hong Kong. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary and will be dependent upon contributions from our subsidiary to finance our cash flow needs. Any limitation on the ability of our subsidiary to make payments to us could have a material adverse effect on our ability to conduct business. We do not anticipate paying dividends in the foreseeable future; you should not buy our stock if you expect dividends. Please see "  ***Risk Factors- [Because our holding company structure creates restrictions on the payment of dividends, our ability to pay dividends is limited.](#a_031)*** 

· PRC regulation of loans to and direct investments in PRC entities by offshore holding companies may delay or prevent us from using the proceeds of this offering to make loans or additional capital contributions to our operating subsidiary in Hong Kong. Substantial uncertainties exist with respect to the interpretation of the PRC Foreign Investment Law and how it may impact the viability of our current corporate structure, corporate governance and business operations. Please see '  ***Risk Factors- [PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital contributions to our Hong Kong subsidiary, which could materially and adversely affect our liquidity and our ability to fund and expand business.](#a_032)*** "

iii

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· In light of China's extension of its authority into Hong Kong, the Chinese government can change Hong Kong's rules and regulations at any time with little to no advance notice, and can intervene and influence our operations and business activities in Hong Kong. We are currently not required to obtain approval from Chinese authorities to list on U.S. exchanges. However, if our subsidiary or the holding company were required to obtain approval in the future, or we erroneously conclude that approvals were not required, or we were denied permission from Chinese authorities to operate or to list on U.S. exchanges, we will not be able to continue listing on a U.S. exchange and the value of our common stock would likely significantly decline or become worthless, which would materially affect the interest of the investors. There is a risk that the Chinese government may intervene or influence our operations at any time, or may exert more control over offerings conducted overseas and/or foreign investment in Hong Kong-based issuers, which could result in a material change in our operations and/or the value of our securities. Further, any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers would likely significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless. Please see "  ***Risk Factors- [We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in the Hong Kong and the profitability of such business](#a_029)*** ." and "  ***[Substantial uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may be able to conduct in Hong Kong and accordingly on the results of our operations and financial condition](#a_030)*** ." and "  ***[The Chinese government exerts substantial influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to list on U.S exchanges. However, to the extent that the Chinese government exerts more control over offerings conducted overseas and/or foreign investment in China-based issuers over time and if our PRC subsidiaries or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange and the value of our common stock may significantly decline or become worthless, which would materially affect the interest of the investors](#a_033) ."*** 

· Governmental control of currency conversion may limit our ability to utilize our revenues effectively and affect the value of your investment.

· We may become subject to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use or appropriation of personal information provided by our customers. Please see "  ***Risk Factors- [The Chinese government exerts substantial influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to list on U.S exchanges. However, to the extent that the Chinese government exerts more control over offerings conducted overseas and/or foreign investment in China-based issuers over time and if our PRC subsidiaries or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange and the value of our common stock may significantly decline or become worthless, which would materially affect the interest of the investors](#a_033)*** ."

· Under the Enterprise Income Tax Law, we may be classified as a "Resident Enterprise" of China. Such classification will likely result in unfavorable tax consequences to us and our non-PRC shareholders. Please see "  ***Risk Factors- [Our global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect on our results of operations](#a_034) .*** "

· Failure to comply with PRC regulations relating to the establishment of offshore special purpose companies by PRC residents may subject our PRC resident Shareholders to personal liability, may limit our ability to acquire Hong Kong and PRC companies or to inject capital into our Hong Kong subsidiary, may limit the ability of our Hong Kong subsidiary to distribute profits to us or may otherwise materially and adversely affect us.

· The recent joint statement by the SEC and PCAOB, and the Holding Foreign Companies Accountable Act all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines that it cannot inspect or investigate completely our auditor, and that as a result an exchange may determine to delist our securities. Our auditor is not subject to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Malaysian authorities subsequently take a position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor to avoid having our securities delisted. Please see "  ***Risk Factors- [The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public accounting firm within three years. There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. If the U.S. securities regulatory agencies are unable to conduct such investigations, they may suspend or de-register our registration with the SEC and delist our securities from applicable trading market within the US](#a_028) .*** "

iv

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· You may be subject to PRC income tax on dividends from us or on any gain realized on the transfer of shares of our common stock. Please see "  ***Risk Factors- [Dividends payable to our foreign investors and gains on the sale of our shares of common stock by our foreign investors may become subject to tax by the PRC](#a_035) .*** "

· We face uncertainties with respect to indirect transfers of equity interests in PRC resident enterprises by their non-PRC holding companies. Please see "  ***Risk Factors- [We and our shareholders face uncertainties with respect to indirect transfers of equity interests in PRC resident enterprises by their non-PRC holding companies](#a_036) .*** "

· We are organized under the laws of the State of Nevada as a holding company that conducts its business through its subsidiary organized under the laws of foreign jurisdictions such as Hong Kong. This may have an adverse impact on the ability of U.S. investors to enforce a judgment obtained in U.S. Courts against these entities, bring actions in Hong Kong against us or our management or to effect service of process on the officers and directors managing the foreign subsidiary. Please see "  ***Risk Factors- [It may be difficult for stockholders to enforce any judgment obtained in the United States against us, which may limit the remedies otherwise available to our stockholders](#a_037)*** ."

· U.S. regulatory bodies may be limited in their ability to conduct investigations or inspections of our operations in China.

· There are significant uncertainties under the
 EIT Law relating to the withholding tax liabilities of our PRC subsidiary, and dividends payable by our PRC subsidiary to offshore subsidiaries
 may not qualify to enjoy certain treaty benefits. Please see "  ***Risk Factors- [Our global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect on our results of operations](#a_034)*** ."

*References in this registration statement to the "Company," "ZICX," "we," "us" and "our" refer to ZICIX Corporation, a Nevada company and its subsidiary on a consolidated basis. Where reference to a specific entity is required, the name of such specific entity will be referenced.*

**Transfers of Cash to and from Our Subsidiary**

ZICIX Corporation is a Nevada holding company with no operations of its own. We conduct our operations in Hong Kong primarily through our subsidiary in Hong Kong. We may rely on dividends to be paid by our Hong Kong subsidiary to fund our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders, to service any debt we may incur and to pay our operating expenses. If our Hong Kong subsidiary incurs debt on its own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to us. To date, our subsidiary has not made any transfers, dividends or distributions to ZICIX Corporation and ZICIX Corporation has not made any transfers, dividends or distributions to our subsidiary.

ZICIX Corporation is permitted under the Nevada laws to provide funding to our subsidiary in Hong Kong through loans or capital contributions without restrictions on the amount of the funds, subject to satisfaction of applicable government registration, approval and filing requirements. Our Hong Kong subsidiary is also permitted under the laws of Hong Kong to provide funding to ZICIX Corporation through dividend distribution without restrictions on the amount of the funds. As of the date of this registration statement, there has been no dividends or distributions among the holding company or the subsidiary nor do we expect such dividends or distributions to occur in the foreseeable future among the holding company and its subsidiary.

We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

Subject to the Nevada Revised Statutes and our bylaws, our board of directors may authorize and declare a dividend to shareholders at such time and of such an amount as they think fit if they are satisfied, on reasonable grounds, that immediately following the dividend the value of our assets will exceed our liabilities and we will be able to pay our debts as they become due. There is no further Nevada statutory restriction on the amount of funds which may be distributed by us by dividend.

v

*Hong Kong*

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us. The laws and regulations of the PRC do not currently have any material impact on transfer of cash from ZICIX Corporation to our Hong Kong subsidiary or from our Hong Kong subsidiary to ZICIX Corporation. There are no restrictions or limitation under the laws of Hong Kong imposed on the conversion of HK dollar into foreign currencies and the remittance of currencies out of Hong Kong or across borders and to U.S. investors.

Current PRC regulations permit PRC subsidiaries to pay dividends to Hong Kong subsidiaries only out of their accumulated profits, if any, determined in accordance with Chinese accounting standards and regulations. In addition, subsidiaries in China are required to set aside at least 10% of its after-tax profits each year, if any, to fund a statutory reserve until such reserve reaches 50% of its registered capital. Each of such entity in China is also required to further set aside a portion of its after-tax profits to fund the employee welfare fund, although the amount to be set aside, if any, is determined at the discretion of its board of directors. Although the statutory reserves can be used, among other ways, to increase the registered capital and eliminate future losses in excess of retained earnings of the respective companies, the reserve funds are not distributable as cash dividends except in the event of liquidation. As of the date of this registration statement, we do not have any PRC subsidiaries.

The PRC government also imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the PRC. Therefore, we may experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency for the payment of dividends from our profits, if any. Furthermore, if subsidiaries in the PRC incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments. If we or our subsidiary are unable to receive all of the revenues from our operations, we may be unable to pay dividends on our common stock.

Cash dividends, if any, on our common stock will be paid in U.S. dollars. If we are considered a PRC tax resident enterprise for tax purposes, any dividends we pay to our overseas shareholders may be regarded as China-sourced income and as a result may be subject to PRC withholding tax at a rate of up to 10.0%.

In order for us to pay dividends to our shareholders, we will rely on payments made from our Hong Kong subsidiary to ZICIX Corporation. If in the future we have PRC subsidiaries, certain payments from such PRC subsidiaries to Hong Kong subsidiaries will be subject to PRC taxes, including business taxes and VAT. As of the date of this registration statement, we do not have any PRC subsidiaries and our Hong Kong subsidiary has not made any transfers, dividends or distributions nor do we expect to make such transfers, dividends or distributions in the foreseeable future.

Pursuant to the Arrangement between Mainland China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and Tax Evasion on Income, or the Double Tax Avoidance Arrangement, the 10% withholding tax rate may be lowered to 5% if a Hong Kong resident enterprise owns no less than 25% of a PRC entity. However, the 5% withholding tax rate does not automatically apply and certain requirements must be satisfied, including, without limitation, that (a) the Hong Kong entity must be the beneficial owner of the relevant dividends; and (b) the Hong Kong entity must directly hold no less than 25% share ownership in the PRC entity during the 12 consecutive months preceding its receipt of the dividends. In current practice, a Hong Kong entity must obtain a tax resident certificate from the Hong Kong tax authority to apply for the 5% lower PRC withholding tax rate. As the Hong Kong tax authority will issue such a tax resident certificate on a case-by-case basis, we cannot assure you that we will be able to obtain the tax resident certificate from the relevant Hong Kong tax authority and enjoy the preferential withholding tax rate of 5% under the Double Taxation Arrangement with respect to dividends to be paid by a PRC subsidiary to its immediate holding company. As of the date of this registration statement, we do not have a PRC subsidiary. In the event that we acquire or form a PRC subsidiary in the future and such PRC subsidiary desires to declare and pay dividends to our Hong Kong subsidiary, our Hong Kong subsidiary will be required to apply for the tax resident certificate from the relevant Hong Kong tax authority. In such event, we plan to inform the investors through SEC filings, such as a current report on Form 8-K, prior to such actions. See "Risk Factors – [Risks Relating to Doing Business in Hong Kong](#a_027)."

vi

**SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS**

Certain matters discussed in this registration statement may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended (the "**Securities Act**") and the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. The words "anticipate," "believe," "estimate," "may," "expect" and similar expressions are generally intended to identify forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, those discussed under the captions "[Risk Factors](#a_003)," and elsewhere in this registration statement. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by these cautionary statements. Such forward-looking statements include, but are not limited to, statements about our:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· expectations for increases or decreases in expenses;

· expectations for incurring capital expenditures to expand our products and services or our geographical reach;

· expectations for generating revenue or becoming profitable on a sustained basis;

· expectations or ability to enter into marketing and other partnership agreements;

· our ability to compete against other companies;

· our ability to attract and retain key personnel;

· estimates of the sufficiency of our existing cash and cash equivalents to finance our operating requirements;

· the volatility of our stock price;

· expected losses; and

· expectations for future capital requirements.

The forward-looking statements contained in this registration statement reflect our views and assumptions as of the effective date of this registration statement. Except as required by law, we assume no responsibility for updating any forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements.

vii

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| | |
|:---|:---|
| **Item 1:** | **Business** |

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**BUSINESS OVERVIEW**

ZICX is a Nevada holding company that through its subsidiary provides technology driven digital marketing and advertising solutions. ZICX conducts its business through its wholly owned subsidiary, ASN Zone One Limited, a company registered in Hong Kong ("ASN"). ASN began operations in Hong Kong on September 2, 2022, and was engaged in the storage network business. It was dedicated to developing a platform that would enable businesses to optimize their logistics processes through a single platform. In attempting to develop its platform, ASN encountered market challenges that adversely affected the Hong Kong logistics business as a whole including limited cost-effective land supply for logistics uses, including modern well-located warehouses, government land reclamation and re-zoning efforts, inadequate infrastructure support, high land, labor, energy, and vehicle costs, disruption in US-China trade, and uncertain global trade policies, trade wars and tariffs. In light of these challenges, ASN elected to suspend development of its logistics platform and transitioned to developing a marketing and advertising platform in November 2024.

ASN's current core offering is an "AI-Enabled Global Network Marketing and Advertising Platform," which integrates cutting-edge hardware (e.g., naked eye 3D LED displays) with smart software systems to deliver end-to-end services for clients' global business expansion. ASN began operations in September 02, 2022, and operates in Hong Kong. ASN currently is speaking with potential clients such as media outlets in Hong Kong and China to convert some of the outdoor advertising from 2D to 3D. ASN intends to focus on extending its reach to the Middle East by the end of 2026. Thereafter as financing permits, ASN hopes to expand to North Africa, US, Europe, and Asia.

On July 25, 2024, Zicix Corporation, a Nevada corporation (the "Corporation"), entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which the Corporation agreed to purchase from Lo Yiu Kwok ("Seller") 10,000 shares of ordinary stock of ASN Zone One Limited, a Hong Kong private limited company ("ASN"), constituting all of the issued and outstanding securities of ASN (the "ASN Securities"). The consideration for ASN Securities was Five Thousand Dollars and up to an aggregate amount of Six Hundred Thirty Million (630,000,000) shares of the Corporation's common stock, par value $0.00001, which shares are issuable upon the achievement of certain revenue-based milestones (the "Earn Out Shares") occurring during the three year period following July 25, 2024 (the "Earn Out Period").

The foregoing description of the Stock Purchase Agreement between Seller, ASN and the Corporation is qualified in its entirety by the terms of the Stock Purchase Agreement attached hereto and incorporated herein as Exhibit 2.

Our corporate organization chart is below.

![](image_058.jpg)

We are not a Hong Kong operating company but a Nevada holding company with operations conducted through our wholly owned subsidiary based in Hong Kong. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary and will be dependent upon contributions from our subsidiary to finance our cash flow needs. ZICIX Corporation and its Hong Kong subsidiary are not required to obtain permission from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, or Cybersecurity Administration Committee, or CAC, to operate or to issue securities to foreign investors. However, in light of the recent statements and regulatory actions by the PRC government, such as those related to Hong Kong's national security, the promulgation of regulations prohibiting foreign ownership of Chinese companies operating in certain industries, which are constantly evolving, and anti-monopoly concerns, we (the parent company and our subsidiary) may be subject to the risks of uncertainty of any future actions of the PRC government in this regard including the risk that we inadvertently conclude that such approvals are not required, that applicable laws, regulations or interpretations change such that we are required to obtain approvals in the future, or that the PRC government could disallow our holding company structure, which would likely result in a material change in our operations, including our ability to continue our existing holding company structure, carry on our current business, accept foreign investments, and offer or continue to offer securities to our investors. These adverse actions would likely cause value the value of our common stock to significantly decline or become worthless. We may also be subject to penalties and sanctions imposed by the PRC regulatory agencies, including the Chinese Securities Regulatory Commission, if we fail to comply with such rules and regulations, which would likely adversely affect the ability of the Company's securities to continue to trade on the Over-the-Counter Bulletin Board, which would likely cause the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our operations in Hong Kong, please refer to "**Risk Factors – [Risks Relating to Doing Business in Hong Kong](#a_027)**."

We are authorized to issue up to 27,600,000,000 shares of our common stock, par value $0.00001, and 400,000,000 shares of preferred stock, par value $0.00001. Our Board has designated the following classes of preferred stock: (i) the Series A Preferred Stock," par value $0.00001, with 100,000,000 authorized shares, 10,000 of which are issued and outstanding; and (ii) "Series B Convertible Preferred Stock," par value $0.001, with 50,000,000 authorized shares, none of which are issued and outstanding. The voting and conversion rights of each series of preferred stock and the beneficial ownership of such securities by insiders are summarized below:

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| | | |
|:---|:---|:---|
| Stock | Voting Rights | Ownership |
| Common Stock | One vote per share | 20.55% held by Lo Wai Lin |
| Series A Preferred Stock | Holders of Series A Convertible Preferred Stock are entitled to vote on matters submitted to a vote of the shareholders with each one share having 1,000 votes. Each one share of Series A Convertible Preferred Stock converts into 1,000 shares of Common Stock.<br>| 100% held by Lo Wai Lin |
| Series B Convertible Preferred Stock | Holders of Series B Convertible Preferred Stock have no voting rights, and each one share of Series B Convertible Preferred Stock converts into 4 shares of Common Stock. | None outstanding |

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On an as converted basis, Lo Wai Lin will be entitled to control approximately 83.04% of our voting power on matters submitted to a vote of the shareholders. We do not intend to utilize controlled company exemptions.

We are at a development stage company.

We reported a net loss of $189,582 for the three months ended June 30, 2025. We had current assets of $1,105,916 and current liabilities of $2,101,170 as of June 30, 2025.

We reported a net loss of $3,294,418 and $50,418 for the years ended March 31, 2025 and 2024, respectively. We had current assets of $797,204 and current liabilities of $1,520,407 as of March 31, 2025. As of March 31, 2024, our current assets and current liabilities were $92,760 and $393,924, respectively.

Our financial statements for the three months ended June 30, 2025 and the years ended March 31, 2025 and 2024 have been prepared assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders and external fund-raising through private placements. Our sources of capital in the past have included the sale of equity securities, which include common stock sold in private transactions and public offerings, capital leases and short-term and long-term debts.

We are organized under the laws of the State of Nevada as a holding company that conducts its business through its Hong Kong subsidiary. This may have an adverse impact on the ability of U.S. investors to enforce a judgment obtained in U.S. Courts against these entities, or to effect service of process on the officers and directors managing the foreign subsidiary.

*History*

We were incorporated under the laws of the State of Nevada on January 21, 2011, under the name ZICX Corporation. On January 26, 2011, Bederra Corporation, a Texas corporation, merged into Zicix Corporation, a Nevada corporation, with Zicix Corporation as the surviving corporation. Bederra Corporation provided multiple modality diagnostic medical imaging, medical and clinical services. During the year ended December 31, 2012, the company earned gross revenues of approximately $159,105.

The Company carried on nominal or no operations from the year ended December 31, 2013, until September 13, 2018, at which time the Company completed the acquisition of Marketing Digest, Inc. (a private company). As a result of this acquisition, the primary business of the Company became the development and launch of a coupon redemption app for customers to download on smartphones and other devices. No change in control occurred in connection with this acquisition.

Despite the acquisition of Marketing Digest, Inc., the Company conducted no or nominal operations during the years ended December 31, 2018, until the occurrence of the below described change in control.

On April 1, 2025, the Company approved a change in the Company's fiscal year end from December 31 to March 31, retrospectively effective for the fiscal year beginning April 1, 2023.

<u>Change in Control</u>

On June 7, 2024, The William A. Petty Living Trust ("Seller") and Lo Wai Lin ("Purchaser") entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which Seller agreed to sell, and Purchaser agreed to purchase, 100,000,000 shares of Series A Preferred Stock (the "Preferred A Shares") of Zicix Corporation, a Nevada corporation (the "Corporation") (representing 10,000 shares of Preferred A Shares on a post Reverse Split basis). Each share of the Series A Preferred Stock is convertible into 1000 shares of common stock, and holders of the Series A Preferred Stock are entitled to vote together with holders of the Common Stock on all matters submitted to a vote of the Common Stock holders. The sale and purchase transaction closed on June 15, 2024. As a result, a change in control of the Corporation occurred with the Purchaser becoming the controlling shareholder of the Corporation.

Effective on the closing, Ellaire Petty, the sole executive officer and director of the Corporation resigned from all of her positions with the Corporation and the following individuals were appointed to the positions set forth next to their names:

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| | |
|:---|:---|
| Name | Position |
| THONG Wai Ping Kenneth | Chief Executive Officer, Director |
| LO Wai Lin | Chief Financial Officer, Secretary, and Director |
| LAI Chi Kwan Thomas | Director |

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The foregoing description of the Stock Purchase Agreement between Seller and Purchaser is qualified in its entirety by the terms of the Stock Purchase Agreement attached hereto and incorporated herein as <u>Exhibit 10.1</u>.

<u>Increase in Authorized Capital; Reverse Stock Split</u>

Effective June 11, 2024, the Corporation also increased its authorized shares from One Billion Six Million (1,600,000,000) shares of Common Stock, par value $0.001, and One Hundred Million shares of Preferred Stock, par value $0.0001, to Twelve Billion Seven Hundred Million (12,700,000,000) shares of Common Stock, par value $0.00001, and One Hundred Million shares of Preferred Stock, par value $0.00001.

Effective December 30, 2024, the Corporation increased its authorized shares from Twelve Billion Seven Hundred Million (12,600,000,000) shares of Common Stock, par value $0.00001, and One Hundred Million (100,000,000) shares of Preferred Stock, par value $0.00001, to Fourteen Billion (14,000,000,000) shares of Common Stock, par value $0.00001, and One Hundred Million (100,000,000) shares of Preferred Stock, par value $0.00001.

Effective June 18, 2025, the Corporation increased its authorized shares from Fourteen Billion (14,000,000,000) shares of Common Stock, par value $0.00001, and One Hundred Million (100,000,000) shares of Preferred Stock, par value $0.00001, to Twenty Seven Billion Six Hundred Million (27,600,000,000) shares of Common Stock, par value $0.00001, and Four Hundred Million (400,000,000) shares of Preferred Stock, par value $0.00001.

Effective October 9, 2025, the Corporation effectuated a 1:10,000 reverse stock split of its common stock whereby each 10,000 shares of the Corporation's common stock were reduced to one share (the "Reverse Split"). In connection with Reverse Split, the Corporation's 100,000,000 shares of Preferred A Shares were reduced to 10,000 shares of Preferred A Shares.

<u>Acquisition of ASN Zone One Limited</u>

On July 25, 2024, Zicix Corporation, a Nevada corporation (the "Corporation"), entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which the Corporation agreed to purchase from Lo Yiu Kwok ("Seller") 10,000 shares of ordinary stock of ASN Zone One Limited, a Hong Kong private limited company ("ASN"), constituting all of the issued and outstanding securities of ASN (the "ASN Securities"). The consideration for ASN Securities was Five Thousand Dollars and up to an aggregate amount of Six Hundred Thirty Million (630,000,000) shares of the Corporation's common stock, par value $0.00001, which shares are issuable upon the achievement of certain revenue based milestones (the "Earn Out Shares") occurring during the three year period following July 25, 2024 (the "Earn Out Period").

ASN began operations in Hong Kong on September 2, 2022, and was engaged in the storage network business. It was dedicated to developing a platform that would enable businesses to optimize their logistics processes through a single platform. In attempting to develop its platform, ASN encountered market challenges that adversely affected the Hong Kong logistics business as a whole including limited cost-effective land supply for logistics uses, including modern well-located warehouses, government land reclamation and re-zoning efforts, inadequate infrastructure support, high land, labor, energy, and vehicle costs, disruption in US-China trade, and uncertain global trade policies, trade wars and tariffs. In light of these challenges, ASN elected to suspend development of its logistics platform and transitioned to developing a marketing and advertising platform in November 2024.

ASN's current core offering is an "AI-Enabled Global Network Marketing and Advertising Platform," which integrates cutting-edge hardware (e.g., naked eye 3D LED displays) with smart software systems to deliver end-to-end services for clients' global business expansion. ASN operates in Hong Kong and currently is speaking with potential clients such as media outlets in Hong Kong and China to convert some of the outdoor advertising from 2D to 3D. ASN intends to focus on extending its reach to the Middle East by the end of 2026. Thereafter as financing permits, ASN hopes to expand to North Africa, US, Europe, and Asia.

The foregoing description of the Stock Purchase Agreement between Seller, ASN and the Corporation is qualified in its entirety by the terms of the Stock Purchase Agreement attached hereto and incorporated herein as <u>Exhibit 10.2</u>.

**Market Overview**

We believe that there is a clear increase in demand for AI-driven marketing solutions as businesses look to optimize advertising spend and improve targeting. From personalized content recommendations to predictive analytics, AI is rapidly transforming how marketers approach customer engagement. Fueling this transformation are continuous advancements in machine learning algorithms and the growing capabilities of big data analytics. These technologies enable marketers to analyze vast volumes of data in real time, uncovering patterns and insights that would be impossible to detect manually. As a result, campaigns are becoming more targeted, more personalized, and ultimately, more effective. We believe that the global AI marketing market will continue to experience substantial growth in the coming years. As businesses continue to recognize the strategic value of AI in enhancing marketing performance, we expect investment in these solutions to accelerate across industries.

According to Grand View Research, the broader 3D display market size was estimated **approximately USD $144.5B in 2024 and projected to reach USD 413.13 billion by 2030, growing at a CAGR rate of 19.3% from 2025 to 2030. According to Imarc Group, the global 3D display market is projected to experience** strong growth during the forecast period from 2025 to 2033, driven by retail, events, advertising/OOH (out-of-home), gaming and medical/industrial applications. As use cases continue to diversify and hardware/software innovation accelerates, we believe the 3D display market is poised to become an increasingly integral part of the global visual technology landscape.

Out-of-Home (OOH) Advertising remains one of the most effective forms of mass brand exposure, with a market size exceeding $42 billion annually according to The **World Out of Home Organization (WOO)**. This sector is experiencing steady growth at a rate of 5–7% per year, driven by increasing urbanization and advertisers' desire for impactful, real-world impressions.

At the same time, the emergence of **3D Naked-Eye Display** technology has revolutionized the way visual content engages audiences. These holographic-style ads are not only attention-grabbing in physical environments, but also naturally generate **viral traction on social media platforms,** amplifying their impact far beyond the street. Their novelty and "wow" factor make them inherently shareable, bridging the gap between physical and digital marketing.

The market is witnessing a rapid rise in the adoption of LED and digital advertising display boxes specifically designed for scooters and mopeds. These units—often mounted as top-box displays—are increasingly being integrated into food and grocery delivery fleets across urban centers. A wide array of full-color LED screen models is now manufactured primarily in Asia, with ready availability through B2B platforms like Alibaba and similar global suppliers. The plug-and-play nature of these advertising devices makes them a low-friction add-on for fleet operators seeking to monetize idle time or boost visibility on the road.

This trend is underpinned by the broader strength of the motorcycle top-box hardware category itself, which is projected to approach a market size of nearly USD $1 billion in 2024, according to Global Market Insights Inc. As demand for last-mile delivery continues to surge worldwide, the steady growth of this hardware segment signals a robust foundation for value-added innovations—particularly in mobile out-of-home (OOH) advertising. With high visibility, frequent movement through dense urban areas, and integration with delivery platforms, we believe these digital top-box units represent a compelling new channel in the OOH advertising ecosystem, transforming delivery vehicles into mobile billboards that travel through high-traffic areas delivering impressions throughout the day.

We believe our products and services **competitive edge** lies in our hybrid model: the fusion of **static placement and mobile 3D display technology.** We believe this combination delivers an unprecedented level of visibility and engagement—capturing attention both at fixed locations and on the move.

**Our Business.** 

ZICX is a Nevada holding company that through its subsidiary provides technology driven digital marketing and advertising solutions. ZICX conducts its business through its wholly owned subsidiary, ASN Zone One Limited, a company registered in Hong Kong ("ASN"). ASN's core offering is an "AI-Enabled Global Network Marketing and Advertising Platform," which integrates cutting-edge hardware (e.g., naked eye 3D LED displays) with smart software systems to deliver end-to-end services for clients' global business expansion. ASN began operations in September 02, 2022, and operates in Hong Kong. ASN currently is speaking with potential clients such as media outlets in Hong Kong and China to convert some of the outdoor advertising from 2D to 3D. ASN intends to focus on extending its reach to the Middle East by the end of 2026. Thereafter as financing permits, ASN hopes to expand to North Africa, US, Europe, and Asia.

Our mission is to deliver customized, AI-powered digital marketing and advertising solutions that maximize engagement, optimize resource allocation, and drive measurable growth for businesses worldwide. ZICX seeks to launch a global marketing and advertising platform leveraging **naked-eye 3D display technology** combined with **motorbike delivery box advertising units**. The platform will allow brands to display immersive, high-impact advertisements both on fixed large screens (shopping malls, city centers) and mobile units (delivery bikes). We believe that this dual approach will maximize reach, engagement, and ROI for advertisers while creating an innovative revenue stream in the fast-growing out-of-home (OOH) advertising sector.

ZICX, through ASN, expects to take a three-pronged approach in delivering its marketing and advertising solutions:

***Mobile Displays (Smart Mobile 3D Ads):***

ASN is actively working on launching its mobile display business segment. ASN intends to equip urban delivery motorbikes with **3D-naked eye enabled smart advertising boxes**. These smart advertising boxes are LED-lit, interactive, and GPS-enabled, trackable and designed for high visibility in densely populated neighborhoods. We expect to transform every ride into a moving 3D billboard, bringing dynamic advertisements into every corner of the city.

We will utilize GPS data to track impressions and optimize routes, providing clients with **real-time campaign insights**. With AI-driven content scheduling and real-time location data, brands will be able to target specific neighborhoods, events, or customer profiles based on when and where the motorbikes operate.

ASN expects to conduct a pilot launch of its mobile motorbike advertising business in Dubai and Hong Kong by the first quarter of 2026. We initially targeted these cities because these cities experience high levels of tourism and embrace cutting-edge technology. These attributes make them ideal testing grounds for our outdoor advertising model. The goal in this phase is to validate our operational model, refine user engagement strategies, and build early brand momentum.

In our pilot launch we expect to partner with WIZE Mobility, a UAE registered company, that has agreed to allow us to equip their fleet of 400 motorbikes with our smart 3D LED boxes. We are currently in discussions with WIZE Mobility regarding the terms of the launch.

We intend to partner with naked eye 3D LED manufacturers and IoT tracking firms to create, develop and manufacture our 3D LED boxes. We believe these collaborations will ensure the quality, reliability, and scalability of our hardware while enabling real-time fleet tracking, maintenance monitoring, and data analytics. On November 7, 2024, ASN entered into that certain Framework Agreement for Regional Market Cooperation in the Middle East, Africa, and Asia with Shenzhen Qianhai Hengyunlian Technology Co., Ltd. (the "Framework Agreement"), pursuant to which both parties agreed to jointly develop markets in the Middle East, Africa, and Asia for next-generation LED displays (including flexible transparent LED film technology), AI-powered advertising platforms, and intelligent transportation systems. The foregoing description of the Framework Agreement is qualified in its entirety by the terms of the Framework Agreement attached hereto and incorporated herein as Exhibit 10.3.

We are actively seeking out third party merchants who may be interested in placing advertisements through our 3D LED boxes. Our pricing will be based on a per campaign per bike/day with route-based targeting. We expect to charge between $300–$1,000 per bike per month with rates varying based upon geographic location, route saturation, and local audience density. Urban centers with high daily traffic typically fall on the higher end of the scale.

By year 3, we intend to launch in New York, London and Singapore. We believe that these cities are globally influential that command massive media spending and boast a cosmopolitan, tech-savvy population. These markets will allow us to broaden our advertiser base and capture high-value commercial zones with dense pedestrian and vehicular traffic.

We believe that we will require approximately $3.5 million to successfully conduct the pilot launch in Dubai and Hong Kong. Thereafter, we expect to expand our motorbike mobile advertising operations into New York, London and Singapore based upon working capital.

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***Fixed Display (Iconic 3D Billboards in Global Hotspots)***:

ASN intends to deploy naked-eye 3D LED billboards in some of the world's most visually influential and high-traffic urban areas such as Times Square in New York City, Piccadilly Circus in London, Downtown Dubai, Central in Hong Kong, and Shibuya in Tokyo. These locations are not only tourist magnets but also media-rich environments, providing brands with massive exposure. We believe that the use of glasses-free 3D technology will allow that passersby to be exposed to lifelike, high-resolution visuals that appear to leap out of the screens—creating memorable, viral moments that go beyond traditional static billboards.

ASN intends to charge billboard leasing fees of approximately $50,000–$200,000 per month per slot with prices varying based upon location, time and duration of lease. These ad slots will be leased on an hourly, daily, or monthly basis, allowing brands to customize campaigns based on peak foot traffic times and promotional needs. The flexible leasing model is intended to cater to both local businesses and large-scale advertisers, providing scalable options from one-time bursts to sustained visibility. We hope to deploy our first naked-eye 3D LED billboard in Dubai, Oman, and Egypt in 2026, and possibly to Vietnam, the Philippines and other countries in 2027. We expect that we require capital expenditures of approximately $1 million for each country into which we plan to expand. We hope to find a local partner that will help contribute to this capital expenditure in each territory. We believe that we will require approximately $5 million to successfully expand into five cities by 2027.

***Advertising Platform – Data Driven Campaign Management:***

We intend to offer advertisers on a subscription basis access to our proprietary **digital platform** that will offer a seamless marketing and advertising experience, from campaign planning to execution and performance review—empowering brands to make data-driven decisions and maximize Return On Investment. Our use friendly platform will deliver **deep analytics** on ad performance, including foot traffic heatmaps, route tracking, dwell time analysis and engagement metrics (such as scan rates from QR-integrated campaigns). Our platform will allow advertisers to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Book campaigns** on both fixed and mobile 3D displays.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Choose target zones** and time slots with precision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Access real-time analytics**, including impressions, engagement rates, demographic insights, and
motorbike route tracking.

Brands will be able to monitor the effectiveness of their campaigns, tweak strategies in real time, and maximize Return On Investment. We believe that the subscription model will create a recurring revenue stream while offering measurable value to advertisers seeking accountability and precision in their OOH (Out-of-Home) ad spend.

ASN hopes to launch this platform by the first quarter of 2026. We believe that we will require approximately $2 million to develop and launch this platform.

To finance our business plan, we expect that we will require approximately $10 million to be allocated as follows: $5 million to acquiring and installing 3D LED displays; $3 million to building a smart motorbike fleet; and $2 million to develop our advertising platform. Our sources of capital in the past have included the sale of equity securities, which include common stock sold in private transactions to our executive officers or existing shareholders, capital leases and short-term and long-term debts. We expect to finance future working capital and acquisitions through a combination of these. While we believe that existing shareholders and our officers and directors will continue to provide the additional cash to make acquisitions and to meet our obligations as they become due or that we will obtain external financing, there can be no assurance that we will be able to raise such additional capital resources on satisfactory terms. We believe that our current cash and other sources of liquidity discussed below are adequate to support operations for at least the next 12 months.

**Unit Economics and Pricing**

Large-scale 3D billboards and digital façade installations represent the high end of out-of-home (OOH) media investment. These installations typically demand substantial capital expenditure—ranging from tens of thousands to several hundred thousand dollars—on top of installation and bespoke content production costs. Due to the complexity and visibility of these assets, they are usually reserved for premium campaigns by global or high-budget brands. (Source: Grand View Research)

At the other end of the spectrum, delivery box LED screens offer a more modular, scalable approach to digital OOH. Hardware costs vary significantly based on build quality and features—from a few hundred dollars for basic LED panels to over $1,000 per unit for more advanced or durable systems. While unit costs are a factor, the primary operational expenses lie in fleet rollout, maintenance, and logistics. Many manufacturers, especially those listed on B2B platforms like Alibaba, offer tiered pricing structures based on minimum order quantities (MOQs), making this format relatively accessible for brands or fleet operators looking to scale.

Revenue models for these OOH formats are often hybrid. They typically combine recurring subscription or slot-based sales to brands, programmatic ad inventory sold by impressions or geotargeted delivery, and branded experiential campaigns or takeovers. This mix enables operators to maximize asset utilization across both long-term brand partnerships and short-term tactical activations.

**Marketing & Sales Strategy**

Every campaign we launch is designed to reach beyond the physical location of the event. Through **viral content**, we intend to promote each 3D display activation across social media, leveraging eye-catching visuals and share-worthy moments to drive organic reach and engagement.

**Our core marketing and sales strategy is business to business (B2B) outreach**, focusing on direct sales to leading advertising agencies and global brands. We also intend to focus on providing our services to high traffic venues and gatherings such as major sports events, large music festivals and product launches.

In addition, we are actively seeking strategic **partnerships with food and logistics delivery platforms. We believe that these partnerships will allow us to rapidly expand the fleet of motorbikes that can deploy our 3D units and enable co-branding opportunities between our advertising customers and the food and logistics delivery platform.** We will be able to offer our customers the opportunities to sponsor specific verticals (e.g., coffee brands sponsoring breakfast delivery slots), creating **contextual relevance and brand alignment**. Delivery companies will be able to gain sponsorship revenue and enhanced fleet appeal.

**Target Customers**

ASN intends to target the following types of potential customers.

*Global Brands Such as Nike, Apple, Coca-Cola, Samsung.* These industry giants operate with massive marketing budgets and are constantly seeking innovative ways to maintain visibility and reinforce brand dominance. We believe that these global brands focus on omnipresent, high-impact, high-visibility and culturally relevant marketing campaigns. To reach these customers, we will offer large-format mobile ads on branded motorbikes or digital screen trailers cruising through urban hotspots, festivals, and sporting events. We believe that fleets of sleek, branded bikes rolling through cities will create buzz, drive impressions, spark social media engagement and drive product awareness through our unique, mobile outdoor advertising services.

*Local Businesses Such as Restaurants, Retail Stores, Events*. Local businesses are constantly seeking affordable methods of increasing foot traffic, promoting limited-time offers, and building neighborhood presence. This may include a new restaurant seeking to advertise its grand opening, a boutique store promoting a seasonal sale, or a local concert pushing ticket sales and the like. Our mobile bike advertisement services can be tailored to specific neighborhoods, time slots (e.g. lunchtime or weekends), and even languages, making them ideal for grassroots promotion. We believe that our affordable, hyper-targeted, and flexible mobile advertising services will be attractive to small to mid-sized enterprises that are searching for cost-effective, high-ROI advertising methods to compete locally.

*Governments & NGOs Such as Public Campaigns, Tourism, Awareness*. Public sector entities and non-profits often need to promote social initiatives or spread messages across a broad demographic to inform, educate, or inspire action —often on limited budgets. These include health campaigns (e.g., vaccination drives), tourism promotions, or public safety announcements. We believe our motorbike advertising services will reach audiences in markets where traditional billboards or digital ads may not penetrate effectively, especially in densely populated or underserved areas.

 

*Major Customers.*

We are not a party to any long-term agreements with our customers. As opportunities arise, we may enter into long term contracts with customers.

For the three months ended June 30, 2025, the Company has one single customer, Runde Holdings Limited, that accounted for 100% of its total revenues. For the three months ended June 30, 2024, the Company has no single customer that accounted for 10% of its revenues.

For the year ended March 31, 2025, the Company has one single customer, Runde Holdings Limited, that accounted for 100% of its total revenues. For the year ended March 31, 2024, the Company has no single customer that accounted for 10% of its revenues.

All customers are located in Hong Kong.

 

*Major Suppliers/Vendors*

For the three months ended June 30, 2025, the Company has one single vendor, Shenzhen Qianhai Hengyunlian Technology Co. Ltd, that accounted for 100% of its total cost of revenue. For the three months ended June 30, 2024, the Company has no single vendor that accounted for 100% of its total cost of revenue.

For the year ended March 31, 2025, the Company has one single vendor, Shenzhen Qianhai Hengyunlian Technology Co. Ltd, that accounted for 100% of its total cost of revenue. For the year ended March 31, 2024, the Company has no single vendor that accounted for 100% of its total cost of revenue.

*Insurance.*

We maintain certain insurance in accordance with customary industry practices in Hong Kong. Under Hong Kong law it is a requirement that all employers in the city must purchase Employee's Compensation Insurance to cover their liability in the event that their staff suffers an injury or illness during the normal course of their work. We maintain Employee's Compensation Insurance, vehicle insurance and third-party risks insurance for the business purposes.

**CORPORATE INFORMATION**

Our principal executive and registered offices are located at 1901, The World Trade Centre, 280 Gloucester Road, Causeway Bay, Hong Kong, China, telephone number +852 91010998.

**INTELLECTUAL PROPERTY AND PATENTS.** 

We expect to rely on, trade secrets, copyrights, know-how, trademarks, license agreements and contractual provisions to establish our intellectual property rights and protect our brand and services. These legal means, however, afford only limited protection and may not adequately protect our rights. Litigation may be necessary in the future to enforce our intellectual property rights, protect our trade secrets or determine the validity and scope of the proprietary rights of others. Litigation could result in substantial costs and diversion of resources and management attention.

In addition, the laws of Hong Kong and the PRC may not protect our brand and services and intellectual property to the same extent as U.S. laws, if at all. We may be unable to fully protect our intellectual property rights in these countries.

We intend to seek the widest possible protection for significant product and process developments in our major markets through a combination of trade secrets, trademarks, copyrights and patents, if applicable. We anticipate that the form of protection will vary depending on the level of protection afforded by the particular jurisdiction. We expect that our revenue will be derived principally from our operations in Hong Kong and China where intellectual property protection may be limited and difficult to enforce. In such instances, we may seek protection of our intellectual property through measures taken to increase the confidentiality of our findings.

We intend to register trademarks as a means of protecting the brand names of our companies and products. We intend to protect our trademarks against infringement and also seek to register design protection where appropriate.

We rely on trade secrets and unpatentable know-how that we seek to protect, in part, by confidentiality agreements. We expect that, where applicable, we will require our employees to execute confidentiality agreements upon the commencement of employment with us. We expect these agreements to provide that all confidential information developed or made known to the individual during the course of the individual's relationship with us is to be kept confidential and not disclosed to third parties except in specific limited circumstances. The agreements will also provide that all inventions conceived by the individual while rendering services to us shall be assigned to us as the exclusive property of our company. There can be no assurance, however, that all persons who we desire to sign such agreements will sign, or if they do, that these agreements will not be breached, that we would have adequate remedies for any breach, or that our trade secrets or unpatentable know-how will not otherwise become known or be independently developed by competitors.

**COMPETITION.** 

In the Naked-Eye 3D Billboard space, we compete with global digital companies such as **JCDecaux, Clear Channel Outdoor,** and **Ocean Outdoor,** as well as national and regional media owners. These established traditional out-of-home (OOH) media giants have greater assets, resources and networks, enabling them to quickly replicate or counter the naked-eye 3D display model. OOH media giants are continuously upgrading their infrastructure and exploring content formats that create immersive public advertising experiences, which can influence how quickly naked-eye 3D billboards are adopted.

In the Mobile Out Of Home space, we compete with companies like AdBike, Wrapify, and Firefly that use vehicle-mounted digital ad screens. These platforms often integrate location-based targeting and real-time analytics, offering advertisers both reach and precision. We also compete with major ridesharing companies such as Uber OOH and Lyft Media that have launched initiatives to display ads (including digital screens and branded wraps) on their vehicle networks. In Asia specifically, we compete with local companies such as AdOnBox that use small screens mounted on delivery bikes and scooters, a format that is common in dense urban areas.

We indirectly compete against digital signage companies such as Samsung, LG, and Scala, AR and VR advertising platforms that create interactive experiences, and digital advertising platforms such as Google, Meta, and TikTok, which enable targeted campaigns using audience data.

Many of our current and potential competitors have longer operating histories, significantly greater financial, technical, marketing and other resources, larger product and services offerings, larger customer base and greater brand recognition. These factors may allow our competitors to benefit from their existing customer or subscriber base with lower acquisition costs or to respond more quickly than we can to new or emerging technologies and changes in customer requirements. These competitors may engage in more extensive research and development efforts, undertake more far-reaching marketing campaigns and adopt more aggressive pricing policies, which may allow them to build a larger subscriber base or to monetize that subscriber base more effectively than us. Our competitors may develop products or services that are similar to our products and services or that achieve greater market acceptance than our products and services. In addition, although we do not believe that merchant payment terms are a principal competitive factor in our market, they may become such a factor and we may be unable to compete fairly on such terms.

**EMPLOYEES.** 

We have the following full-time employees located in Hong Kong as set forth below:

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| | |
|:---|:---|
| Executive officers | 1 |
| Operational Management | 1 |
| Officers | 3 |
| Total | 5 |

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We are required to contribute to the MPF for all eligible employees in Hong Kong between the ages of eighteen and sixty-five. We are required to contribute a specified percentage of the participant's income based on their ages and wage level. For the years ended March 31, 2025 and 2024, the MPF contributions by us were $3,283 and $0, respectively. We have not experienced any significant labor disputes or any difficulties in recruiting staff for our operations.

**GOVERNMENT AND INDUSTRY REGULATIONS**

ZICIX Corporation is a Nevada corporation with operating businesses located in Hong Kong. As such, the parent holding company, ZICIX Corporation is subject to the laws and regulations of the United States of America while our operating businesses are subject to the laws and regulations of Hong Kong, including labor, occupational safety and health, contracts, tort and intellectual property laws. Furthermore, we need to comply with the rules and regulations of Hong Kong governing the data usage and regular terms of service applicable to our potential customers or clients. As the information of our potential customers or clients are preserved in Hong Kong, we need to comply with the Hong Kong Personal Data (Privacy) Ordinance.

If PRC authorities reinterpret PRC laws to apply to Hong Kong companies, we may become subject to the laws and regulations of China governing businesses in general, including labor, occupational safety and health, contracts, tort and intellectual property. We may also become subject to foreign exchange regulations that might limit our ability to convert foreign currency into Renminbi, acquire any other PRC companies, establish VIEs in the PRC, or make dividend payments from any future WFOEs to us.

This summary does not purport to be a complete description of all the laws and regulations that apply to our subsidiary's business and operations. Investors should note that the following summary is based on relevant laws and regulations in force as of the date of this registration statement, which may be subject to change.

**Regulations Related to Our Business Operations in Hong Kong**

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***Regulations Related to Business Registration***

 

*Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong)*

The Business Registration Ordinance requires every person carrying on any business to make an application to the Commissioner of Inland Revenue in the prescribed manner for the registration of that business. The Commissioner of Inland Revenue must register each business for which a business registration application is made and, as soon as practicable after the prescribed business registration fee and levy are paid, issue a business registration certificate or branch registration certificate for the relevant business or the relevant branch, as the case may be. For the years ended March 31, 2024 and 2025 and as of the date of this registration statement, ASN, being our operating subsidiary in Hong Kong, has obtained such business registration certificate.

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***Regulations Related to Employment and Labor Protection***

 

*Employment Ordinance (Chapter 57 of the Laws of Hong Kong)*

The Employment Ordinance is an ordinance enacted for, among other things, the protection of the wages of employees and the regulation of the general conditions of employment and employment agencies. Under the Employment Ordinance, an employee is generally entitled to, among other things, notice of termination of his or her employment contract; payment in lieu of notice; maternity protection in the case of a pregnant employee; not less than one rest day in every period of seven days; severance payments or long service payments; sickness allowance; statutory holidays or alternative holidays; and paid annual leave of up to 14 days depending on the period of employment.

*Employees' Compensation Ordinance (Chapter 282 of the Laws of Hong Kong)*

The Employees' Compensation Ordinance (Chapter 282 of the Laws of Hong Kong), or the ECO, is an ordinance enacted for the purpose of providing for the payment of compensation to employees injured in the course of employment. As stipulated by the ECO, no employer shall employ any employee in any employment unless there is in force in relation to such employee a policy of insurance issued by an insurer for an amount not less than the applicable amount specified in the Fourth Schedule of the ECO in respect of the liability of the employer. According to the Fourth Schedule of the ECO, the insured amount shall be not less than HKD100,000,000 per event if a company has no more than 200 employees. Any employer who contravenes this requirement commits a criminal offence and is liable on conviction to a fine and imprisonment. An employer who has taken out an insurance policy under the ECO is required to display a prescribed notice of insurance in a conspicuous place on each of its premises where any employee is employed.

*Minimum Wage Ordinance (Chapter 608 of the Laws of Hong Kong)*

The Minimum Wage Ordinance provides for a prescribed minimum hourly wage rate (currently at HK$42.1 per hour) during the wage period for every employee engaged under a contract of employment under the Employment Ordinance. Any provision of the employment contract that purports to extinguish or reduce the right, benefit, or protection conferred on the employee by the Minimum Wage Ordinance is void.

 

*Mandatory Provident Fund Schemes Ordinance (Chapter 485 of the Laws of Hong Kong)*

The Mandatory Provident Fund Schemes Ordinance ("MPFSO") is an ordinance enacted for the purposes of providing for the establishment of non-governmental mandatory provident fund schemes (each, a "MPF Scheme"). The MPFSO requires every employer of an employee of 18 years of age or above but under 65 years of age to take all practical steps to ensure the employee becomes a member of a registered MPF Scheme. Subject to the minimum and maximum relevant income levels, it is mandatory for both employers and their employees to contribute 5% of the employee's relevant income to the MPF Scheme. Any employer who contravenes this requirement commits a criminal offense and is liable on conviction to a fine and imprisonment. As of the date of this registration statement, the Company believes it has made all contributions required under the MPFSO.

 

 

 

 

*Occupiers Liability Ordinance (Chapter 314 of the Laws of Hong Kong)*

The Occupiers Liability Ordinance (Chapter 314 of the Laws of Hong Kong) regulates the obligations of a person occupying or having control of premises on injury resulting to persons or damage caused to goods or other property lawfully on the land. The Occupiers Liability Ordinance imposes a common duty of care on an occupier of premises to take such care as in all the circumstances of the case is reasonable to see that the visitors will be reasonably safe in using the premises for the purposes for which he is invited or permitted by the occupier to be there.

 

*Occupational Safety and Health Ordinance (Chapter 509 of the Laws of Hong Kong)*

The Occupational Safety and Health Ordinance provides for protection to employees with respect to their safety and health in workplaces. It applies not only to industrial workplaces but also non-industrial.

Under the Occupational Safety and Health Ordinance, every employer must, as far as reasonably practicable, ensure the safety and health at work for all employees by: (a) providing and maintaining plant and systems of work that are safe and without risks to health; (b) making arrangements for ensuring safety and absence of risks to health in connection with the use, handling, storage or transport of plant or substances; (c) providing such information, instruction, training and supervision as may be necessary to ensure the safety and health at work of the employees; (d) as regards any workplace under the employer's control, (i) maintaining the workplace in a condition that is safe and without risks to health; and (ii) providing or maintaining means of access to and egress from the workplace that are safe and without any such risks; and (e) providing and maintaining a working environment for the employees that is safe and without risks to health. An employer who fails to comply with the above provisions commits an offence and is liable, on summary conviction, to a fine of HK$3,000,000 and on conviction on indictment, to a fine of HK$10,000,000. Further, an employer who intentionally, knowingly or recklessly fails to comply with these provisions commits an offence and is liable, on summary conviction, to a fine of HK$3,000,000 and to imprisonment for six months, and on conviction on indictment, to a fine of HK$10,000,000 and to imprisonment for two years.

The Commissioner for Labour may serve improvement notices on an employer or an occupier of the workplace against contravention of this ordinance or the Factories and Industrial Undertakings Ordinance (Cap 59 of the Laws of Hong Kong), or suspension notices against an activity or condition or use of workplace where there is an imminent risk of death or serious bodily injury. An employer or occupier who fails to comply with such improvement notices without reasonable excuse commits an offence and is liable on conviction to a fine of HK$400,000 and imprisonment of up to twelve months. An employer or occupier who fails to comply with such suspension notices without reasonable excuse commits an offence and is liable on conviction to a fine of HK$1,000,000, to imprisonment for twelve months, and to a further fine of HK$100,000 for each day or part of a day during which such employer or occupier knowingly and intentionally continues the contravention.

 

***Regulations and Notices Related to Hong Kong Taxation***

 

*Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong)*

Under the Inland Revenue Ordinance, where an employer commences to employ in Hong Kong an individual who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland Revenue not later than three months after the date of commencement of such employment. Where an employer ceases or is about to cease to employ in Hong Kong an individual who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland Revenue not later than one month before such individual ceases to be employed in Hong Kong.

 

 

 

 

*Tax on dividends*

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect to dividends paid by the Company.

*Capital gains and profit tax*

No tax is imposed in Hong Kong in respect to capital gains from the sale of shares. However, trading gains from the sale of shares by persons carrying on a trade, profession, or business in Hong Kong, where such gains are derived from or arise in Hong Kong, will be subject to Hong Kong profits tax, which is imposed at the rates of 8.25% on assessable profits up to HKD2,000,000 and 16.5% on any part of assessable profits over HKD2,000,000 on corporations from the year of assessment commencing on or after April 1, 2018. Certain categories of taxpayers (for example, financial institutions, insurance companies, and securities dealers) are likely to be regarded as deriving trading gains rather than capital gains unless these taxpayers can prove that the investment securities are held for long-term investment purposes.

 

*Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong)*

Under the Stamp Duty Ordinance, the Hong Kong stamp duty currently charged at the ad valorem rate of 0.13% on the higher of the consideration for or the market value of the shares will be payable by the purchaser on every purchase and by the seller on every sale of Hong Kong shares (in other words, a total of 0.26% is currently payable on a typical sale and purchase transaction of Hong Kong shares). In addition, a fixed duty of HKD5 is currently payable on any instrument of transfer of Hong Kong shares. Where one of the parties is a resident outside Hong Kong and does not pay the ad valorem duty due by it, the duty not paid will be assessed on the instrument of transfer (if any) and will be payable by the transferee. If no stamp duty is paid on or before the due date, a penalty of up to ten times the duty payable may be imposed.

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***Regulations Related to Intellectual Property***

 

*Trade Marks Ordinance (Chapter 559 of the Laws of Hong Kong)*

The Trade Marks Ordinance provides for the registration, use and protection of trademarks. Under section 18 of the Trade Marks Ordinance, it is provided that a person infringes a registered trademark if the person uses in the course of trade or business a sign which is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) identical to the trademark in relation to goods or services which are identical to those for which it is registered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) identical to the trademark in relation to goods or services which are similar to those for which it is registered; and the use of the sign in relation to those goods or services is likely to cause confusion on the part of the public;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) similar to the trademark in relation to goods or services which are identical or similar to those for which it is registered; and the use of the sign in relation to those goods or services is likely to cause confusion on the part of the public; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) identical or similar mark in relation to goods or services which are not identical or similar to those for which the trademark is registered; the trademark is entitled to protection under the Paris Convention as a well-known trademark; and the use of the sign, being without due cause, takes unfair advantage of, or is detrimental to, the distinctive character or repute of a trademark.

A person shall be treated as a party to any use of the material which infringes the registered trademark if he:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) applies or causes to be applied a registered trademark or a sign similar to a registered trademark to material which is intended to be used for labelling or packaging goods; as a business paper; or for advertising goods or services; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) at the time the trademark or sign was applied to the material, he knew or had reason to believe that its application to the material was not authorized by the owner of the registered trademark or by a licensee.

Trademarks registered in other countries or regions are not automatically entitled to protection in Hong Kong unless they are also registered under the Trade Marks Ordinance. Nevertheless, trademarks which are not registered under the Trade Marks Ordinance may still obtain protection by the common law action of passing off, which requires proof of the owner's reputation in the unregistered trademark and that use of the trademark by third parties will cause damages to the owner.

***Regulations Related to Competition***

 

*Competition Ordinance (Chapter 619 of the Laws of Hong Kong)*

The Competition Ordinance prohibits and deters undertakings in all sectors from adopting anti-competitive conduct which has the object or effect of preventing, restricting or distorting competition in Hong Kong. The key prohibitions include (i) prohibition of agreements between businesses which have the object or effect of preventing, restricting or distorting competition in Hong Kong; and (ii) prohibiting companies with a substantial degree of market power from abusing their power by engaging in conduct that has the object or effect of preventing, restricting or distorting competition in Hong Kong. The penalties for breaches of the Competition Ordinance include, but are not limited to, financial penalties of up to 10% of the total gross revenues obtained in Hong Kong for each year of infringement, up to a maximum of three years in which the contravention occurs.

***Regulations Related to Personal Data***

 

During the course of our business, we may, from time to time, obtain personal data from our clients and customers. We are required to comply with the relevant regulations related to personal data in Hong Kong and other jurisdictions.

 

*Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of Hong Kong)*

The Personal Data (Privacy) Ordinance ("PDPO") imposes a statutory duty on data users to comply with the requirements of the six data protection principles (the "Data Protection Principles") contained in Schedule 1 to the PDPO. The PDPO provides that a data user shall not do an act, or engage in a practice, that contravenes a Data Protection Principle unless the act or practice, as the case may be, is required or permitted under the PDPO. The six Data Protection Principles are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Principle 1 — purpose and manner of collection of personal data;

· Principle 2 — accuracy and duration of retention of personal data;

· Principle 3 — use of personal data;

· Principle 4 — security of personal data;

· Principle 5 — information to be generally available; and

· Principle 6 — access to personal data.

Non-compliance with a Data Protection Principle may lead to a complaint to the Privacy Commissioner for Personal Data (the "Privacy Commissioner"). The Privacy Commissioner may serve an enforcement notice to direct the data user to remedy the contravention and/or instigate prosecution actions. A data user who contravenes an enforcement notice commits an offense that may lead to a fine and imprisonment.

The PDPO also gives data subjects certain rights, *inter alia*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the right to be informed by a data user whether the data user holds personal data of which the individual is the data subject;

· if the data user holds such data, to be supplied with a copy of such data; and

· the right to request correction of any data the individual considers to be inaccurate.

The PDPO criminalizes, including, but not limited to, the misuse or inappropriate use of personal data in direct marketing activities, non-compliance with a data access request, and the unauthorized disclosure of personal data obtained without the relevant data user's consent. An individual who suffers damage, including injured feelings, by reason of a contravention of the PDPO in relation to his or her personal data may seek compensation from the data user concerned.

 

**Regulations Related to Our Business Operations in Mainland China**

While we do not currently operate in Mainland China, depending upon the political climate, we may also become subject to the laws and regulations of China governing businesses in general, including labor, occupational safety and health, contracts, tort and intellectual property. We may also become subject to foreign exchange regulations might limit our ability to convert foreign currency into Renminbi, acquire PRC companies, or make dividend payments to ZICX.

**PRC Regulations on Tax**

*Enterprise Income Tax*

The Enterprise Income Tax Law of the People's Republic of China (the "EIT Law") was promulgated by the Standing Committee of the National People's Congress on March 16, 2007 and became effective on January 1, 2008, and was later amended on February 24, 2017. The Implementation Rules of the EIT Law (the "Implementation Rules") were promulgated by the State Council on December 6, 2007 and became effective on January 1, 2008. According to the EIT Law and the Implementation Rules, enterprises are divided into resident enterprises and non-resident enterprises. Resident enterprises shall pay enterprise income tax on their incomes obtained in and outside the PRC at the rate of 25%. Non-resident enterprises setting up institutions in the PRC shall pay enterprise income tax on the incomes obtained by such institutions in and outside the PRC at the rate of 25%. Non-resident enterprises with no institutions in the PRC, and non-resident enterprises whose incomes having no substantial connection with their institutions in the PRC, shall pay enterprise income tax on their incomes obtained in the PRC at a reduced rate of 10%.

The Arrangement between the PRC and Hong Kong Special Administrative Region for the Avoidance of Double Taxation the Prevention of Fiscal Evasion with respect to Taxes on Income (the "Arrangement") was promulgated by the State Administration of Taxation ("SAT") on August 21, 2006 and came into effect on December 8, 2006. According to the Arrangement, a company incorporated in Hong Kong will be subject to withholding tax at the lower rate of 5% on dividends it receives from a company incorporated in the PRC if it holds a 25% interest or more in the PRC company. The Notice on the Understanding and Identification of the Beneficial Owners in the Tax Treaty (the "Notice") was promulgated by SAT and became effective on October 27, 2009. According to the Notice, a beneficial ownership analysis will be used based on a substance-over-form principle to determine whether or not to grant tax treaty benefits.

In April 2009, the Ministry of Finance, or MOF, and SAT jointly issued the Notice on Issues Concerning Process of Enterprise Income Tax in Enterprise Restructuring Business, or Circular 59. In December 2009, SAT issued the Notice on Strengthening Administration of Enterprise Income Tax for Share Transfers by Non-PRC Resident Enterprises, or Circular 698. Both Circular 59 and Circular 698 became effective retroactively as of January 2008. In February 2011, SAT issued the Notice on Several Issues Regarding the Income Tax of Non-PRC Resident Enterprises, or SAT Circular 24, effective April 2011. By promulgating and implementing these circulars, the PRC tax authorities have enhanced their scrutiny over the direct or indirect transfer of equity interests in a PRC resident enterprise by a non-resident enterprise.

Under Circular 698, where a non-resident enterprise conducts an "indirect transfer" by transferring the equity interests of a PRC "resident enterprise" indirectly by disposing of the equity interests of an overseas holding company, the non-resident enterprise, being the transferor, may be subject to PRC enterprise income tax, if the indirect transfer is considered to be an abusive use of company structure without reasonable commercial purposes. As a result, gains derived from such indirect transfer may be subject to PRC tax at a rate of up to 10%. Circular 698 also provides that, where a non-PRC resident enterprise transfers its equity interests in a PRC resident enterprise to its related parties at a price lower than the fair market value, the relevant tax authority has the power to make a reasonable adjustment to the taxable income of the transaction.

In February 2015, the SAT issued Circular 7 to replace the rules relating to indirect transfers in Circular 698. Circular 7 has introduced a new tax regime that is significantly different from that under Circular 698. Circular 7 extends its tax jurisdiction to not only indirect transfers set forth under Circular 698 but also transactions involving transfer of other taxable assets, through the offshore transfer of a foreign intermediate holding company. In addition, Circular 7 provides clearer criteria than Circular 698 on how to assess reasonable commercial purposes and has introduced safe harbors for internal group restructurings and the purchase and sale of equity through a public securities market. Circular 7 also brings challenges to both the foreign transferor and transferee (or other person who is obligated to pay for the transfer) of the taxable assets. Where a non-resident enterprise conducts an "indirect transfer" by transferring the taxable assets indirectly by disposing of the equity interests of an overseas holding company, the non-resident enterprise being the transferor, or the transferee, or the PRC entity which directly owned the taxable assets may report to the relevant tax authority such indirect transfer. Using a "substance over form" principle, the PRC tax authority may disregard the existence of the overseas holding company if it lacks a reasonable commercial purpose and was established for the purpose of reducing, avoiding or deferring PRC tax. As a result, gains derived from such indirect transfer may be subject to PRC enterprise income tax, and the transferee or other person who is obligated to pay for the transfer is obligated to withhold the applicable taxes, currently at a rate of 10% for the transfer of equity interests in a PRC resident enterprise.

On October 17, 2017, the SAT issued a Notice Concerning Withholding Income Tax of Non-Resident Enterprise, or SAT Notice No. 37, which abolishes Circular 698 and certain provisions of Circular 7. SAT Notice No. 37 reduces the burden of the withholding obligator, such as revocation of contract filing requirements and tax liquidation procedures, strengthens the cooperation of tax authorities in different places, and clarifies the calculation of tax payable and mechanism of foreign exchange.

*Value-added Tax*

 

Pursuant to the Provisional Regulations on Value-added Tax of the PRC, or the VAT Regulations, which were promulgated by the State Council on December 13, 1993, took effect on January 1, 1994, and were amended on November 10, 2008, February 6, 2016, and November 19, 2017, respectively, and the Rules for the Implementation of the Provisional Regulations on Value-added Tax of the PRC, which were promulgated by the MOF on December 25, 1993, and were amended on December 15, 2008, and October 28, 2011, respectively, entities and individuals that sell goods or labor services of processing, repair or replacement, sell services, intangible assets, or immovables, or import goods within the territory of the People's Republic of China are taxpayers of value-added tax. The VAT rate is 17% for taxpayers selling goods, labor services, or tangible movable property leasing services or importing goods, except otherwise specified; 11% for taxpayers selling services of transportation, postal, basic telecommunications, construction and lease of immovable, selling immovable, transferring land use rights, selling and importing other specified goods including fertilizers; 6% for taxpayers selling services or intangible assets.

 

According to the Notice on the Adjustment to the Value-added Tax Rates issued by the SAT and the MOF on April 4, 2018, where taxpayers make VAT taxable sales or import goods, the applicable tax rates shall be adjusted from 17% to 16% and from 11% to 10%, respectively. Subsequently, the Notice on Policies for Deepening Reform of Value-added Tax was issued by the SAT, the MOF and the General Administration of Customs on March 30, 2019 and took effective on April 1, 2019, which further adjusted the applicable tax rate for taxpayers making VAT taxable sales or importing goods. The applicable tax rates shall be adjusted from 16% to 13% and from 10% to 9%, respectively.

 

 

 

 

*Dividend Withholding Tax*

The Enterprise Income Tax Law provides that since January 1, 2008, an income tax rate of 10% will normally be applicable to dividends declared to non-PRC resident investors that do not have an establishment or place of business in the PRC, or that have such establishment or place of business but the relevant income is not effectively connected with the establishment or place of business, to the extent such dividends are derived from sources within the PRC.

**PRC Laws and Regulations on Employment and Social Welfare**

 

*Labor Law of the PRC*

Pursuant to the Labor Law of the PRC, which was promulgated by the Standing Committee of the NPC on July 5, 1994 with an effective date of January 1, 1995 and was last amended on August 27, 2009 and the Labor Contract Law of the PRC, which was promulgated on June 29, 2007, became effective on January 1, 2008 and was last amended on December 28, 2012, with the amendments coming into effect on July 1, 2013, enterprises and institutions shall ensure the safety and hygiene of a workplace, strictly comply with applicable rules and standards on workplace safety and hygiene in China, and educate employees on such rules and standards. Furthermore, employers and employees shall enter into written employment contracts to establish their employment relationships. Employers are required to inform their employees about their job responsibilities, working conditions, occupational hazards, remuneration and other matters with which the employees may be concerned. Employers shall pay remuneration to employees on time and in full accordance with the commitments set forth in their employment contracts and with the relevant PRC laws and regulations. Our Hong Kong subsidiary currently does not comply with PRC laws and regulations, but complies with Hong Kong laws and regulations.

*Social Insurance and Housing Fund*

Pursuant to the Social Insurance Law of the PRC, which was promulgated by the Standing Committee of the NPC on October 28, 2010 and became effective on July 1, 2011, employers in the PRC shall provide their employees with welfare schemes covering basic pension insurance, basic medical insurance, unemployment insurance, maternity insurance, and occupational injury insurance. Our Hong Kong subsidiary has not deposited the social insurance fees in full for all the employees in compliance with the relevant regulations. We may be ordered by the social security premium collection agency to make or supplement contributions within a stipulated period, and shall be subject to a late payment fine computed from the due date at the rate of 0.05% per day; where payment is not made within the stipulated period, the relevant administrative authorities shall impose a fine ranging from one to three times the amount of the amount in arrears. Our Hong Kong subsidiary has not deposited the social insurance fees as required by relevant regulations.

In accordance with the Regulations on Management of Housing Provident Fund, which were promulgated by the State Council on April 3, 1999 and last amended on March 24, 2002, employers must register at the designated administrative centers and open bank accounts for depositing employees' housing funds. Employers and employees are also required to pay and deposit housing funds, with an amount no less than 5% of the monthly average salary of the employee in the preceding year in full and on time. Our subsidiary has not registered at the designated administrative centers nor opened bank accounts for depositing employees' housing funds. It also has not deposited employees' housing funds. Our subsidiary may be ordered by the housing provident fund management center to complete the registration formalities, open bank accounts, make the payment and deposit within a prescribed time limit if it becomes subject to PRC laws. Failing to register or open bank accounts at the expiration of the time limit could result in fines of not less than 10,000 yuan nor more than 50,000 yuan. And an application may be made to a people's court for compulsory enforcement if payment and deposit has not been made after the expiration of the time limit.

**PRC Regulations Relating to Foreign Exchange** 

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*General Administration of Foreign Exchange*

The principal regulation governing foreign currency exchange in the PRC is the Administrative Regulations of the PRC on Foreign Exchange (the "Foreign Exchange Regulations"), which were promulgated on January 29, 1996, became effective on April 1, 1996 and were last amended on August 5, 2008. Under these rules, Renminbi is generally freely convertible for payments of current account items, such as trade- and service-related foreign exchange transactions and dividend payments, but not freely convertible for capital account items, such as capital transfer, direct investment, investment in securities, derivative products or loans unless prior approval by competent authorities for the administration of foreign exchange is obtained. Under the Foreign Exchange Regulations, foreign-invested enterprises in the PRC may purchase foreign exchange without the approval of SAFE to pay dividends by providing certain evidentiary documents, including board resolutions, tax certificates, or for trade- and services-related foreign exchange transactions, by providing commercial documents evidencing such transactions.

*Circular No. 37 and Circular No. 13*

 

Circular 37 was released by SAFE on July 4, 2014 and abolished Circular 75 which had been in effect since November 1, 2005. Pursuant to Circular 37, a PRC resident should apply to SAFE for foreign exchange registration of overseas investments before it makes any capital contribution to a special purpose vehicle, or SPV, using his or her legitimate domestic or offshore assets or interests. SPVs are offshore enterprises directly established or indirectly controlled by domestic residents for the purpose of investment and financing by utilizing domestic or offshore assets or interests they legally hold. Following any significant change in a registered offshore SPV, such as capital increase, reduction, equity transfer or swap, consolidation or division involving domestic resident individuals, the domestic individuals shall amend the registration with SAFE. Where an SPV intends to repatriate funds raised after completion of offshore financing to the PRC, it shall comply with relevant PRC regulations on foreign investment and foreign debt management. A foreign-invested enterprise established through return investment shall complete relevant foreign exchange registration formalities in accordance with the prevailing foreign exchange administration regulations on foreign direct investment and truthfully disclose information on the actual controller of its shareholders.

If any shareholder who is a PRC resident (as determined by the Circular No. 37) holds any interest in an offshore SPV and fails to fulfil the required foreign exchange registration with the local SAFE branches, the PRC subsidiaries of that offshore SPV may be prohibited from distributing their profits and dividends to their offshore parent company or from carrying out other subsequent cross-border foreign exchange activities. The offshore SPV may also be restricted in its ability to contribute additional capital to its PRC subsidiaries. Where a domestic resident fails to complete relevant foreign exchange registration as required, fails to truthfully disclose information on the actual controller of the enterprise involved in the return investment or otherwise makes false statements, the foreign exchange control authority may order them to take remedial actions, issue a warning, and impose a fine of less than RMB 300,000 on an institution or less than RMB 50,000 on an individual.

Circular 13 was issued by SAFE on February 13, 2015, and became effective on June 1, 2015. Pursuant to Circular 13, a domestic resident who makes a capital contribution to an SPV using his or her legitimate domestic or offshore assets or interests is no longer required to apply to SAFE for foreign exchange registration of his or her overseas investments. Instead, he or she shall register with a bank in the place where the assets or interests of the domestic enterprise in which he or she has interests are located if the domestic resident individually seeks to make a capital contribution to the SPV using his or her legitimate domestic assets or interests; or he or she shall register with a local bank at his or her permanent residence if the domestic resident individually seeks to make a capital contribution to the SPV using his or her legitimate offshore assets or interests.

We cannot assure that our PRC beneficial shareholders have completed registrations in accordance with Circular 37.

*Circular 19 and Circular 16*

 

Circular 19 was promulgated by SAFE on March 30, 2015, and became effective on June 1, 2015. According to Circular 19, the foreign exchange capital in the capital account of foreign-invested enterprises, meaning the monetary contribution confirmed by the foreign exchange authorities or the monetary contribution registered for account entry through banks, shall be granted the benefits of Discretional Foreign Exchange Settlement ("Discretional Foreign Exchange Settlement"). With Discretional Foreign Exchange Settlement, foreign capital in the capital account of a foreign-invested enterprise for which the rights and interests of monetary contribution have been confirmed by the local foreign exchange bureau, or for which book-entry registration of monetary contribution has been completed by the bank, can be settled at the bank based on the actual operational needs of the foreign-invested enterprise. The allowed Discretional Foreign Exchange Settlement percentage of the foreign capital of a foreign-invested enterprise has been temporarily set to be 100%. The Renminbi converted from the foreign capital will be kept in a designated account and if a foreign-invested enterprise needs to make any further payment from such account, it will still need to provide supporting documents and to complete the review process with its bank.

 

Furthermore, Circular 19 stipulates that foreign-invested enterprises shall make bona fide use of their capital for their own needs within their business scopes. The capital of a foreign-invested enterprise and the Renminbi it obtained from foreign exchange settlement shall not be used for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· directly or indirectly used for expenses beyond its business scope or prohibited by relevant laws or regulations;

· directly or indirectly used for investment in securities unless otherwise provided by relevant laws or regulations;

· directly or indirectly used for entrusted loan in Renminbi (unless within its permitted scope of business), repayment of inter-company loans (including advances by a third party) or repayment of bank loans in Renminbi that have been sub-lent to a third party; or

· directly or indirectly used for expenses related to the purchase of real estate that is not for self-use (except for foreign-invested real estate enterprises).

Circular 16 was issued by SAFE on June 9, 2016. Pursuant to Circular 16, enterprises registered in the PRC may also convert their foreign debts from foreign currency to Renminbi on a self-discretionary basis. Circular 16 provides an integrated standard for conversion of foreign exchange capital items (including but not limited to foreign currency capital and foreign debts) on a self-discretionary basis applicable to all enterprises registered in the PRC. Circular 16 reiterates the principle that an enterprise's Renminbi capital converted from foreign currency-denominated capital may not be directly or indirectly used for purposes beyond its business scope or purposes prohibited by PRC laws or regulations, and such converted Renminbi capital shall not be provided as loans to non-affiliated entities.

PRC subsidiaries' distributions to their offshore parents are required to comply with the requirements as described above.

***PRC Share Option Rules***

Under the Administration Measures on Individual Foreign Exchange Control issued by the PBOC on December 25, 2006, all foreign exchange matters involved in employee share ownership plans and share option plans in which PRC citizens participate require approval from SAFE or its authorized branch. Pursuant to SAFE Circular 37, PRC residents who participate in share incentive plans in overseas non-publicly-listed companies may submit applications to SAFE or its local branches for the foreign exchange registration with respect to offshore special purpose companies. In addition, under the Notices on Issues concerning the Foreign Exchange Administration for Domestic Individuals Participating in Share Incentive Plans of Overseas Publicly-Listed Companies, or the Share Option Rules, issued by SAFE on February 15, 2012, PRC residents who are granted shares or share options by companies listed on overseas stock exchanges under share incentive plans are required to (i) register with SAFE or its local branches, (ii) retain a qualified PRC agent, which may be a PRC subsidiary of the overseas listed company or another qualified institution selected by the PRC subsidiary, to conduct the SAFE registration and other procedures with respect to the share incentive plans on behalf of the participants, and (iii) retain an overseas institution to handle matters in connection with their exercise of share options, purchase and sale of shares or interests and funds transfers.

***PRC Regulation of Dividend Distributions***

The principal laws, rules and regulations governing dividend distributions by foreign-invested enterprises in the PRC are the Company Law of the PRC, as amended, the Wholly Foreign-owned Enterprise Law and its implementation regulations, the Chinese-foreign Cooperative Joint Venture Law and its implementation regulations, and the Chinese-foreign Equity Joint Venture Law and its implementation regulations. Under these laws, rules and regulations, foreign-invested enterprises may pay dividends only out of their accumulated profit, if any, as determined in accordance with PRC accounting standards and regulations. Both PRC domestic companies and wholly-foreign owned PRC enterprises are required to set aside a general reserve of at least 10% of their after-tax profit, until the cumulative amount of such reserve reaches 50% of their registered capital. A PRC company is not permitted to distribute any profits until any losses from prior fiscal years have been offset. Profits retained from prior fiscal years may be distributed together with distributable profits from the current fiscal year.

 

**REPORTS TO SECURITY HOLDERS**

Upon the effective date of this Registration Statement, we will become subject to the informational requirements of the Securities Exchange Act of 1934, as amended, and accordingly, will file current and periodic reports, proxy statements and other information with the Securities and Exchange Commission, or the Commission. Information that the Company previously publicly disclosed was made through the OTC Disclosure and News Service and are available on the OTC Markets Group's website at www.otcmarkets.com. With respect to disclosures filed or furnished to the Commission, you may obtain copies of our prior and future reports from the Commission's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549, or on the SEC's website, at www.sec.gov. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. We currently do not have an internet website, but will also make available free of charge electronic copies of our filings upon request.

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| **Item 1A.** | **Risk Factors** |

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*The following information sets forth risk factors that could cause our actual results to differ materially from those contained in forward-looking statements we have made in this registration statement and those we may make from time to time. You should carefully consider the risks described below, in addition to the other information contained in this registration statement, before making an investment decision. Our business, financial condition or results of operations could be harmed by any of these risks. The risks and uncertainties described below are not the only ones we face. Additional risks not presently known to us or other factors not perceived by us to present significant risks to our business at this time also may impair our business operations.*

**Risks Related to Our Business and Industry**

***We are a development stage company that is dependent upon the financial support of our stockholders to finance our operations.***

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We have not yet begun generating significant revenues and are dependent upon the continued support of our majority shareholder to continue operations. Our financial statements have been prepared assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders. If our assumption regarding improvement of profitability or the continued support of our stockholders are not valid, we may not be able to pursue our business plan or continue operations as planned, which may materially and adversely affect our financial condition and results of operations. Further, the value of your securities may be significantly affected or become worthless.

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***We are dependent upon one or several customers, the loss of which may result in a material adverse effect on our results of operations, financial condition and ability to continue to operate.***

For the year ended March 31, 2025, we received all of our revenues from one customer located in Hong Kong, and one vendor accounted all of our costs of revenue. While our business plan contemplates expanding the scope of our customer and vendor base, we will be dependent upon this customer and vendor until such time as we can successfully broaden our base. We expect that we will continue to rely on a small base of customers and vendors in the near future as we organically grown our business. To the extent that we continue to rely on this small base of customers and customers, our financial condition and results of operations may be materially affected by the loss of any one of these customers or vendors.

***The technology underlying naked-eye 3D displays and mobile 3D screens to be used by our motorbikes are relatively new and expensive, with the 3D screens requiring large amounts of energy to operate. There is uncertainty regarding market adoption, reliability, durability and life of these screens. If the screens are not accepted by the market or if the costs required of repair, replacement or operation are too high, our ability to become profitable, implement our business plan of growth and expansion and our results of operations may be materially and adversely affected.***

While the fixed and mobile naked-eye 3D displays offer a novel and engaging advertising platform, the current generation of 3D displays often suffers from limited viewing angles, meaning the impressive 3D effect can only be appreciated from specific positions. Advertisers will also need to produce 3D-optimized creative materials to fully leverage the technology's potential, and they may lack the expertise or resources to develop such specialized content. Traditional billboards, online advertisements, and LED screens have long dominated the landscape, offering advertisers more affordable and proven channels. Convincing marketers to shift budgets away from these familiar options poses a significant challenge. Furthermore, 3D ads can feel invasive and overwhelming. If advertisers push too hard without considering the human experience, they may find themselves facing public resistance rather than admiration. These factors may impact the willingness of advertisers to pay premium rates to advertise on 3D platforms and slow adoption rates.

Even if advertisers were willing to pay premium rates to advertise on this medium, regulatory authorities may introduce measures to limit the use of these screens due to safety or aesthetic concerns. While moving 3D ads can captivate attention, there's a risk that some viewers might find them distracting or intrusive—especially in sensitive settings like busy roadways, where safety concerns could arise, or areas close to residential neighborhoods. Regulations governing mobile outdoor advertising vary widely from place to place, and in certain regions, strict rules may limit or even prohibit the use of such dynamic displays, restricting where this technology can be deployed effectively.

The naked-eye 3D screens themselves are expensive, delicate, and require frequent servicing by skilled technicians. These screens will become subject to harsh environmental conditions such as intense heat from the sun, rainstorms, dust from city streets, continuous vibrations from the motorbike's movement, and the risk of theft or vandalism. Frequent servicing may cause business disruption and strain resources, which if not managed well, may have an adverse effect on our operations. We believe that securing comprehensive insurance covering potential liabilities, including public safety incidents, as well as theft, vandalism, and weather-related damage will be crucial in protecting the company's assets and help ensure business continuity in the face of unforeseen events.

The naked-eye 3D screens consume more energy as compared to traditional displays, which can quickly drain the delivery vehicle's battery in our mobile motorbike business model. This means mobile delivery companies may need to invest in supplementary power solutions, adding complexity and cost to the system. The demand for electricity by naked-eye 3D screens are also significant, especially in dense urban environments where multiple screens may run around the clock. In regions pushing toward net-zero goals or grappling with energy shortages, this high consumption could lead to criticism—or even stricter regulations targeting digital advertising technologies. We may be required to seek hybrid power solutions that combines solar panels with battery storage to provide greater energy independence and resilience, particularly in off-grid or high-traffic areas where consistent access to power may be uncertain. Finally, the rapid pace of technological advancement in the display industry means that the equipment may quickly become outdated. This accelerated depreciation may diminish the long-term value of the investment and necessitates continuous reinvestment to stay competitive.

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***We are subject to a complex landscape of legal and regulatory considerations that are constantly evolving. Failure to comply with these laws may lead to business disruptions, losses, user dissatisfaction, reputational damage, legal or regulatory proceedings, or other adverse consequences materially and negatively affect our operations and financial condition.***

**We are subject to numerous national, municipal and local advertising laws, codes and regulations** including those relating outdoor advertising, which may limit or outright prohibit the use of animated or mobile billboards. These regulations are often designed to preserve visual aesthetics or reduce visual clutter in public spaces. Furthermore, governing authorities may view dynamic 3D billboards as potential distractions to drivers and pedestrians, raising concerns about road safety. In such cases, transportation departments or city councils may impose restrictions or bans to prevent accidents and ensure public safety. Such accidents or public safety incidents may could also expose us to costly liability claims.

To the extent that our billboard platform and mobile advertising platform incorporate **geolocation or targeted advertising features**, these 3D displays will often be connected to centralized networks, present a tempting target for hackers. As such we will be required to implement cybersecurity measures and adhere to local and regional privacy and data privacy laws such as the **General Data Protection Regulation** in Europe or **California Consumer Privacy Act** in California. These laws govern how personal data is collected, stored, and used, and non-compliance can lead to significant negative consequences including user dissatisfaction, reputational damage, suspension of business operations in the affected jurisdiction, expensive remediation plans, civil penalties, private right of actions for data breaches and the like.

Finally, we rely on third party manufactured and provided 3D displays. The technology behind 3D displays often involves patented systems and proprietary software. If any third parties do not comply with applicable intellectual property law and we are unable to procure alternatives in a timely and efficient manner and on acceptable terms, or at all, and we may be subject to business disruptions, losses or costs to remediate any of the deficiencies, user dissatisfaction, reputational damage, legal or regulatory proceedings, or other adverse consequences which could harm our business.

***We rely on third-party service providers and partners for certain aspects of our operations, and any interruptions in services provided by these third parties may impair our ability to support our users.***

We rely on third parties to manufacture the key components of our business including without limitation, the 3D naked-eye displays and LED-lit display units that will be installed on motorbikes. We also rely on third parties to maintain and operate our advertising platform such as payment processors, cloud computing services and data centers that provide facilities, infrastructure, website functionality and access, components, and services, including databases and data center facilities and cloud computing, which are critical to our intended operations. Because we intend to rely on third parties to provide these services and to facilitate certain of our business activities, we face increased operational risks. We do not control the operation of any of these third parties. These third parties may be subject to financial, legal, regulatory, and labor issues, cybersecurity incidents, break-ins, computer viruses, denial-of-service attacks, sabotage, acts of vandalism, privacy breaches, service terminations, disruptions, interruptions, and other misconduct. They are also vulnerable to damage or interruption from human error, power loss, telecommunications failures, fires, floods, earthquakes, hurricanes, tornadoes, pandemics (including the COVID-19 pandemic) and similar events. In addition, these third parties may breach their agreements with us, disagree with our interpretation of contract terms or applicable laws and regulations, refuse to continue or renew these agreements on commercially reasonable terms or at all, fail or refuse to process transactions or provide other services adequately, take actions that degrade the functionality of our services, impose additional costs or requirements on us or our customers, or give preferential treatment to competitors. There can be no assurance that third parties that will provide services to us or to our users will do so on acceptable terms, or at all. If any third parties do not adequately or appropriately provide their services or perform their responsibilities to us or our users, such as if third-party service providers close their data center facilities without adequate notice, are unable to restore operations and data, fail to perform as expected, or experience other unanticipated problems, we may be unable to procure alternatives in a timely and efficient manner and on acceptable terms, or at all, and we may be subject to business disruptions, losses or costs to remediate any of the deficiencies, user dissatisfaction, reputational damage, legal or regulatory proceedings, or other adverse consequences which could harm our business.

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***We are indebted to our shareholder in the approximate amount of US$313,903.***

As of March 31, 2025, we are indebted to Cosmos Links International Holding Ltd, our shareholder, in an approximate amount of $313,903. We may not be able to generate sufficient cash flow to repay these loans. If we issue additional securities as repayment, our shareholders may experience significant dilution. The advances are not expected to be repayable within the next twelve months. Additionally, loan repayment before achievement of profitability may cause us to delay implementing our business plans to expand.

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***We are also subject to other risks and uncertainties that affect many other businesses, including:***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· increasing costs, the volatility of costs and funding requirements and other legal mandates for employee benefits, especially pension and healthcare benefits;

· the increasing costs of compliance with federal, state and foreign governmental agency mandates (including the Foreign Corrupt Practices Act) and defending against inappropriate or unjustified enforcement or other actions by such agencies;

· the impact of any international conflicts on the U.S. and global economies in general, the transportation industry or us in particular, and what effects these events will have on our costs or the demand for our services;

· any impacts on our business resulting from new domestic or international government laws and regulation;

· market acceptance of our new service and growth initiatives;

· the impact of technology developments on our operations and on demand for our services;

· governmental under-investment in transportation infrastructure, which could increase our costs and adversely impact our service levels due to traffic congestion or sub-optimal routing of our vehicles;

· widespread outbreak of an illness or any other communicable disease, or any other public health crisis;

· availability of financing on terms acceptable to our ability to maintain our current credit ratings, especially given the capital intensity of our operations.

· the impact on our business due to the system failure of our platform or our third-party partners;

· our ability to attract, maintain, and grow our customer base and engage our customers;

· pricing for our products and services;

· our ability to diversify and grow our services revenue;

· changes in macroeconomic conditions, political and legal environments;

· adverse legal proceedings or regulatory enforcement actions, judgments, settlements, or other legal proceeding and enforcement-related costs;

· our ability to attract and retain talent; and

· our ability to compete with our competitors.

***If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.***

We may rely on trade secrets, including unpatented know-how, technology and other proprietary information, to maintain our competitive position. However, trade secrets are difficult to protect. We limit disclosure of such trade secrets where possible but we also seek to protect these trade secrets, in part, by entering into non-disclosure and confidentiality agreements with parties who do have access to them, such as our employees, contract manufacturers, consultants, advisors and other third parties. Despite these efforts, any of these parties may breach the agreements and may unintentionally or willfully disclose our proprietary information, including our trade secrets, and we may not be able to obtain adequate remedies for such breaches. Enforcing a claim that a party illegally disclosed or misappropriated a trade secret is difficult, expensive and time-consuming, and the outcome is unpredictable. In addition, some courts inside and outside the United States are less willing or unwilling to protect trade secrets. Moreover, if any of our trade secrets were to be lawfully obtained or independently developed by a competitor, we would have no right to prevent them, or those to whom they communicate it, from using that technology or information to compete with us. If any of our trade secrets were to be disclosed to or independently developed by a competitor, our competitive position would be harmed.

**Risks Related to Our Finances and Capital Requirements**

***We will need additional funding to implement our business plan. If we are unable to raise capital when needed or on terms acceptable to us, we may be forced to delay any business expansions or acquisitions and our ability to implement our business may be severely and negatively affected.***

We will require approximately USD $10 million to implement our business plan. As we do not generate sufficient working capital to internally finance this growth, the successful implementation of our business plan will be heavily reliant on securing and maintaining outside funding from investors or loans. If the credit market tightens or we are otherwise unable to secure the full USD $10 million on terms acceptable to us, our ability to implement our business plan and our results of operations may be materially and adversely affected.

***Raising additional capital may cause dilution to our existing stockholders, restrict our operations or require us to relinquish proprietary rights.***

Until such time, if ever, as we can generate substantial revenue, we expect to finance our cash needs through a combination of equity offerings, debt financings, grants and license and development agreements in connection with any collaborations. To the extent that we raise additional capital through the sale of equity or convertible debt securities, your ownership interest will be diluted, and the terms of these securities may include liquidation or other preferences that adversely affect your rights as a stockholder. Debt financing and preferred equity financing, if available, may involve agreements that include covenants limiting or restricting our ability to take specific actions, such as incurring additional debt, making capital expenditures or declaring dividends.

If we raise additional funds through collaborations, strategic alliances or marketing, distribution or licensing arrangements with third parties, we may have to relinquish valuable rights to our technologies, future revenue streams, research programs or product candidates or grant licenses on terms that may not be favorable to us. If we are unable to raise additional funds through equity or debt financings when needed, we may be required to delay, limit, reduce or terminate our product development or future commercialization efforts or grant rights to develop and market product candidates that we would otherwise prefer to develop and market ourselves.

**Risks Relating to Doing Business in Hong Kong**

***We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in Hong Kong and the profitability of such business.***

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We conduct our operations and generate our revenue in Hong Kong. Accordingly, economic, political and legal developments in the PRC will significantly affect our business, financial condition, results of operations and prospects. The PRC economy is in transition from a planned economy to a market-oriented economy subject to plans adopted by the government that set national economic development goals. Policies of the PRC government can have significant effects on economic conditions in the PRC. While we believe that the PRC will continue to strengthen its economic and trading relationships with foreign countries and that business development in the PRC will continue to follow market forces, we cannot assure you that this will be the case. Our interests may be adversely affected by changes in policies by the PRC government, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· changes in laws, regulations or their interpretation;

· confiscatory taxation;

· restrictions on currency conversion, imports or sources of supplies, or ability to continue as a for-profit enterprise;

· expropriation or nationalization of private enterprises; and

· the allocation of resources.

***Substantial uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may be able to conduct in the PRC and accordingly on the results of our operations and financial condition.***

Our business operations may be adversely affected by the current and future political environment in the PRC. The PRC government has exercised and continues to exercise substantial control over virtually every sector of the Chinese economy through regulation and state ownership. We expect the Hong Kong legal system to rapidly evolve in the near future and may become closer aligned with legal system in China with the PRC government exerting more oversight and control over companies operating in Hong Kong, offerings conducted overseas and or foreign investment in Hong Kong based issuers. The interpretations of many laws, regulations and rules may not always be uniform and the enforcement of these laws, regulations and rules may involve uncertainties for you and us. Our ability to operate in Hong Kong, conduct overseas offerings and continue to investment in Hong Kong based issuers may be harmed by these changes in its laws and regulations, including those relating to taxation, import and export tariffs, healthcare regulations, environmental regulations, land use and property ownership rights, and other matters. Accordingly, government actions in the future, including any decision not to continue to support recent economic reforms and to return to a more centrally planned economy or regional or local variations in the implementation of economic policies, could have a significant effect on economic conditions in Hong Kong or particular regions thereof, and could limit or completely hinder our ability to offer or continue to offer securities to investors or require us to divest ourselves of any interest we then hold in Hong Kong properties or joint ventures. Any such actions (including divesture or similar actions) could result in a material adverse effect on us and on your investment in us and could render our securities and your investment in our securities worthless.

There are substantial uncertainties regarding the interpretation and application of PRC laws and regulations, including, but not limited to, the laws and regulations governing our business, or the enforcement and performance of our contractual arrangements with borrowers in the event of the imposition of statutory liens, death, bankruptcy or criminal proceedings. Only after 1979 did the Chinese government begin to promulgate a comprehensive system of laws that regulate economic affairs in general, deal with economic matters such as foreign investment, corporate organization and governance, commerce, taxation and trade, as well as encourage foreign investment in China. Although the influence of the law has been increasing, China has not developed a fully integrated legal system and recently enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. Also, because these laws and regulations are relatively new, and because of the limited volume of published cases and their lack of force as precedents, interpretation and enforcement of these laws and regulations involve significant uncertainties. New laws and regulations that affect existing and proposed future businesses may also be applied retroactively. In addition, there have been constant changes and amendments of laws and regulations over the past 30 years in order to keep up with the rapidly changing society and economy in China. Because government agencies and courts that provide interpretations of laws and regulations and decide contractual disputes and issues may change their interpretation or enforcement very rapidly with little advance notice at any time, we cannot predict the future direction of Chinese legislative activities with respect to either businesses with foreign investment or the effectiveness on enforcement of laws and regulations in China. The uncertainties, including new laws and regulations and changes of existing laws, as well as, may cause possible problems to foreign investors.

Although the PRC government has been pursuing economic reform policies for more than two decades, the PRC government continues to exercise significant control over economic growth in the PRC through the allocation of resources, controlling payments of foreign currency, setting monetary policy and imposing policies that impact particular industries in different ways. We cannot assure you that the PRC government will continue to pursue policies favoring a market-oriented economy or that existing policies will not be significantly altered, especially in the event of a change in leadership, social or political disruption, or other circumstances affecting political, economic and social life in the PRC.

***The Chinese government exerts substantial influence over the manner in which we must conduct our business activities*. *We are currently not required to obtain approval from Chinese authorities to list on U.S. exchanges. However, to the extent that the Chinese government exerts more control over offerings conducted overseas and/or foreign investment in China-based issuers over time and if PRC subsidiaries (or if our Hong Kong subsidiary) or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange and the value of our common stock may significantly decline or become worthless, which would materially affect the interest of the investors.***

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

For example, just days after Didi Global Inc. (NYSE: DIDI) completed its $4.4 billion IPO on June 30, 2021, the Chinese cybersecurity regulator announced on July 2, 2021, that it had begun an investigation of Didi for failure to comply with data and cybersecurity laws and two days later ordered that the company's app be removed from smartphone app stores. Eventually, on July 21, 2022, the CAC fined Didi approximately $1.19 billion, and Didi formally delisted from the NYSE on June 13, 2022.

As such, the Company's business segments may be subject to various government and regulatory interference in the provinces in which they operate. The Company could be subject to regulation by various political and regulatory entities, including various local and municipal agencies and government sub-divisions. The Company may incur increased costs necessary to comply with existing and newly adopted laws and regulations or penalties for any failure to comply. The Company's operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or industry. Given that the Chinese government may intervene or influence our operations at any time, it could result in a material change in our operation and the value of our common stock. Given recent statements by the Chinese government indicating an intent to exert more oversight and control over offerings that are conducted overseas, any such action could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.

Furthermore, it is uncertain when and whether the Company will be required to obtain permission from the PRC government to list on U.S. exchanges in the future, and even when such permission is obtained, whether it will be denied or rescinded. Although the Company is currently not required to obtain permission from any of the PRC federal or local government to obtain such permission and has not received any denial to list on the U.S. exchange, our operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or industry. As a result, our common stock may decline in value dramatically or even become worthless should we become subject to new requirement to obtain permission from the PRC government to list on U.S. exchange in the future.

Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council jointly issued the Opinions on Severe and Lawful Crackdown on Illegal Securities Activities, which were available to the public on July 6, 2021. These opinions emphasized the need to strengthen the administration over illegal securities activities and the supervision on overseas listings by China-based companies. These opinions proposed to take effective measures, such as promoting the construction of relevant regulatory systems, to deal with the risks and incidents facing China-based overseas-listed companies and the demand for cybersecurity and data privacy protection. Moreover, the State Internet Information Office issued the Measures of Cybersecurity Review (Revised Draft for Comments, not yet effective) on July 10, 2021, which require operators with personal information of more than 1 million users who want to list abroad to file a cybersecurity review with the Office of Cybersecurity Review. The aforementioned policies and any related implementation rules to be enacted may subject us to additional compliance requirement in the future. While we believe that our operations are not affected by this, as these opinions were recently issued, official guidance and interpretation of the opinions remain unclear in several respects at this time. Therefore, we cannot assure you that we will remain fully compliant with all new regulatory requirements of these opinions or any future implementation rules on a timely basis, or at all.

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***The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public accounting firm within three years. There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. If the U.S. securities regulatory agencies are unable to conduct such investigations, they may suspend or de-register our registration with the SEC and delist our securities from applicable trading market within the US.***

The Holding Foreign Companies Accountable Act was signed into law on December 18, 2020, and requires Auditors of publicly traded companies to submit to regular inspections every three years to assess such auditors' compliance with applicable professional standards. On June 22, 2021, the U.S. Senate passed a bill which, if passed by the U.S. House of Representatives and signed into law, would reduce the number of consecutive non-inspection years required for triggering the prohibitions under the HFCA Act from three years to two. On September 22, 2021, the PCAOB adopted rules to create a framework for the PCAOB to use when determining, as contemplated under the HFCA Act, whether it is unable to inspect or investigate completely registered public accounting firms located in a foreign jurisdiction because of a position taken by one or more authorities in that jurisdiction. On December 2, 2021, the SEC adopted amendments to finalize rules implementing the submission and disclosure requirements in the HFCA Act. The rules apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in a foreign jurisdiction. On December 16, 2021, the PCAOB issued a report on its determinations that it is unable to inspect or investigate completely PCAOB-registered public accounting firms headquartered in China and in Hong Kong because of positions taken by PRC and Hong Kong authorities in those jurisdictions. The PCAOB has made such designations as mandated under the HFCA Act. Pursuant to each annual determination by the PCAOB, the SEC will, on an annual basis, identify issuers that have used non-inspected audit firms and thus are at risk of such suspensions in the future.

Our Auditor is based in Nigeria and is subject to PCAOB inspection. It is not subject to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Nigerian authorities subsequently take a position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor. Furthermore, due to the recent developments in connection with the implementation of the Holding Foreign Companies Accountable Act, we cannot assure you whether the SEC or other regulatory authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor's audit procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or experience as it relates to the audit of our financial statements. The requirement in the HFCA Act that the PCAOB be permitted to inspect the issuer's public accounting firm within two or three years, may result in the delisting of our securities from applicable trading markets in the U.S, in the future if the PCAOB is unable to inspect our accounting firm at such future time.

According to Article 177 of the Securities Law of the PRC ("Article 177"), overseas securities regulatory authorities are prohibited from engaging in activities pertaining to investigations or evidence collection directly conducted within the territories of the PRC, and Chinese entities or individuals are further prohibited from providing documents and information in connection with securities business activities to any organizations and/or persons abroad without the prior consent of the securities regulatory authority of the State Council and the competent departments of the State Council. As of the date of this registration statement, we are not aware of any implementing rules or regulations which have been published regarding application of Article 177.

We believe Article 177 is only applicable where the activities of overseas authorities constitute a direct investigation or evidence collection by such authorities within the territory of the PRC. In the event that the U.S. securities regulatory agencies carry out an investigation on us such as an enforcement action by the Department of Justice, the SEC or other authorities, such agencies' activities will constitute conducting an investigation or collecting evidence directly within the territory of the PRC and accordingly fall within the scope of Article 177. In that case, the U.S. securities regulatory agencies may have to consider establishing cross-border cooperation with the securities regulatory authority of the PRC by way of judicial assistance, diplomatic channels or establishing a regulatory cooperation mechanism with the securities regulatory authority of the PRC. However, there is no assurance that the U.S. securities regulatory agencies will succeed in establishing such cross-border cooperation in this particular case and/or establish such cooperation in a timely manner.

Furthermore, as Article 177 is a recently promulgated provision, it remains unclear as to how it will be interpreted, implemented or applied by the Chinese Securities Regulatory Commission or other relevant government authorities. As such, there are uncertainties as to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC. The Holding Foreign Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) be permitted to inspect the issuer's public accounting firm within three years or (two years if the acceleration is passed into law). If the U.S. securities regulatory agencies are unable to conduct such investigations, there exists a risk that they may determine to suspend or de-register our registration with the SEC and may also delist our securities from applicable trading market within the US.

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***Adverse regulatory developments in China may subject us to additional regulatory review, and additional disclosure requirements and regulatory scrutiny to be adopted by the SEC in response to risks related to recent regulatory developments in China may impose additional compliance requirements for companies like us with significant China-based operations, all of which could increase our compliance costs, subject us to additional disclosure requirements.***

The recent regulatory developments in China, in particular with respect to restrictions on China-based companies raising capital offshore, may lead to additional regulatory review in China over our financing and capital raising activities in the United States. In addition, we may be subject to industry-wide regulations that may be adopted by the relevant PRC authorities, which may have the effect of limiting our service offerings, restricting the scope of our operations in China, or causing the suspension or termination of our business operations in China entirely, all of which will materially and adversely affect our business, financial condition and results of operations. We may have to adjust, modify, or completely change our business operations in response to adverse regulatory changes or policy developments, and we cannot assure you that any remedial action adopted by us can be completed in a timely, cost-efficient, or liability-free manner or at all.

On July 30, 2021, in response to the recent regulatory developments in China and actions adopted by the PRC government, the Chairman of the SEC issued a statement asking the SEC staff to seek additional disclosures from offshore issuers associated with China-based operating companies before their registration statements will be declared effective, including detailed disclosure related to whether the issuer received or were denied permission from Chinese authorities to list on U.S. exchanges and the risks that such approval could be denied or rescinded. On August 1, 2021, the China Securities Regulatory Commission stated in a statement that it had taken note of the new disclosure requirements announced by the SEC regarding the listings of Chinese companies and the recent regulatory development in China, and that both countries should strengthen communications on regulating China-related issuers. We cannot guarantee that we will not be subject to tightened regulatory review and we could be exposed to government interference in China.

***We may be exposed to liabilities under the Foreign Corrupt Practices Act, and any determination that we violated the Foreign Corrupt Practices Act could have a material adverse effect on our business.***

We are subject to the Foreign Corrupt Practice Act, or FCPA, and other laws that prohibit improper payments or offers of payments to foreign governments and their officials and political parties by U.S. persons and issuers as defined by the statute for the purpose of obtaining or retaining business. We will have operations, agreements with third parties and make sales in Hong Kong, which may experience corruption. Our proposed activities may create the risk of unauthorized payments or offers of payments by one of the employees, consultants, or sales agents of our Company, because these parties are not always subject to our control. It will be our policy to implement safeguards to discourage these practices by our employees. Also, our existing practices and any future improvements may prove to be less than effective, and the employees, consultants, or sales agents of our Company may engage in conduct for which we might be held responsible. Violations of the FCPA may result in severe criminal or civil sanctions, and we may be subject to other liabilities, which could negatively affect our business, operating results and financial condition. In addition, the government may seek to hold our Company liable for successor liability FCPA violations committed by companies in which we invest or that we acquire.

***PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital contributions to our Hong Kong subsidiary, which could materially and adversely affect our liquidity and our ability to fund and expand business.***

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Any transfer of funds by us to our Hong Kong subsidiary, either as a shareholder loan or as an increase in registered capital, may become subject to approval by or registration or filing with relevant governmental authorities in China. According to the relevant PRC regulations on foreign-invested enterprises in China, capital contributions to PRC subsidiaries are subject to the approval of or filing with the Ministry of Commerce in its local branches and registration with a local bank authorized by SAFE. It is unclear if Hong Kong subsidiaries will be deemed a PRC subsidiary. If Hong Kong subsidiaries are deemed to be PRC subsidiaries, (i) any foreign loan procured by our Hong Kong subsidiary will be required to be registered with SAFE or its local branches or filed with SAFE in its information system; and (ii) our Hong Kong subsidiary will not be able to procure loans which exceed the difference between its total investment amount and registered capital or, as an alternative, only procure loans subject to the calculation approach and limitation as provided in the People's Bank of China Notice No. 9 ("PBOC Notice No. 9"). We may not be able to obtain these government approvals or complete such registrations on a timely basis, if at all, with respect to future capital contributions or foreign loans by us to our Hong Kong subsidiary, if required. If we fail to receive such approvals or complete such registration or filing, our ability to use the proceeds we receive from our offshore financing activities and to capitalize our Hong Kong operations may be negatively affected, which could adversely affect our liquidity and ability to fund and expand our business. There is, in effect, no statutory limit on the amount of capital contribution that we can make to our Hong Kong subsidiary. This is because there is no statutory limit on the amount of registered capital for our Hong Kong subsidiary, and we are allowed to make capital contributions to our Hong Kong subsidiary by subscribing for their initial registered capital and increased registered capital, provided that the Hong Kong subsidiary complete the relevant filing and registration procedures.

The Circular on Reforming the Administration of Foreign Exchange Settlement of Capital of Foreign-Invested Enterprises, or SAFE Circular 19, effective as of June 1, 2015, as amended by Circular of the State Administration of Foreign Exchange on Reforming and Regulating Policies on the Control over Foreign Exchange Settlement under the Capital Account, or SAFE Circular 16, effective on June 9, 2016, allows FIEs to settle their foreign exchange capital at their discretion, but continues to prohibit FIEs from using the Renminbi fund converted from their foreign exchange capitals for expenditure beyond their business scopes, and also prohibit FIEs from using such Renminbi fund to provide loans to persons other than affiliates unless otherwise permitted under its business scope. If Safe Circulars 16 and 19 are interpreted to apply to the Hong Kong Dollar, our ability to use Hong Kong Dollars converted from the net proceeds from our offshore financing activities to fund the establishment of new entities in Hong Kong, to invest in or acquire any other Hong Kong or PRC companies may be limited, which may adversely affect our business, financial condition and results of operations.

***Because our holding company structure creates restrictions on the payment of dividends, our ability to pay dividends is limited.***

We are a holding company whose primary assets are our ownership of the equity interests in our subsidiary. We conduct no other business and, as a result, we depend entirely upon our subsidiary's earnings and cash flow. If we decide in the future to pay dividends, as a holding company, our ability to pay dividends and meet other obligations depends upon the receipt of dividends or other payments from our operating subsidiary. Our subsidiary may be restricted in its ability to pay dividends, make distributions or otherwise transfer funds to us prior to the satisfaction of other obligations, including the payment of operating expenses or debt service, appropriation to reserves prescribed by laws and regulations, covering losses in previous years, restrictions on the conversion of local currency into U.S. dollars or other hard currency, completion of relevant procedures with governmental authorities or banks and other regulatory restrictions. Under the applicable PRC laws and regulations, foreign-invested enterprises in China may pay dividends only out of their accumulated profits, if any, determined in accordance with PRC accounting standards and regulations. In addition, a foreign-invested enterprise in China is required to set aside a portion of its after-tax profit to fund specific reserve funds prior to payment of dividends. In particular, at least 10% of its after-tax profits based on PRC accounting standards each year is required to be set aside towards its general reserves until the accumulative amount of such reserves reach 50% of its registered capital. These reserves are not distributable as cash dividends. If future dividends are paid in RMB, fluctuations in the exchange rate for the conversion of any of these currencies into U.S. dollars may adversely affect the amount received by U.S. stockholders upon conversion of the dividend payment into U.S. dollars. For a detailed description of the potential government regulations facing the Company associated with our operations in Hong Kong and on restrictions on payments from our subsidiary, please refer to "**[Government and Industry Regulations](#a_038)–China**" and "**[Transfers of Cash to and from our Subsidiary](#a_039)**." We do not presently have any intention to declare or pay dividends in the future. You should not purchase shares of our common stock in anticipation of receiving dividends in future periods.

***Our Hong Kong subsidiary may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of our common stock.***

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Most of our cash is maintained in Hong Kong Dollars. We rely on dividends from our Hong Kong subsidiary for our cash and financing requirements, such as the funds necessary to service any debt we may incur. There is a possibility that the PRC could prevent our cash maintained in Hong Kong from leaving or the PRC could restrict the deployment of the cash into our business or for the payment of dividends. Any such controls or restrictions may adversely affect our ability to finance our cash requirements, service debt or make dividend or other distributions to our shareholders. Current PRC regulations permit PRC subsidiaries to pay dividends to foreign parent companies only out of their accumulated after-tax profits upon satisfaction of relevant statutory condition and procedures, if any, determined in accordance with Chinese accounting standards and regulations. In addition, PRC subsidiaries are required to set aside at least 10% of their accumulated profits each year, if any, to fund certain reserve funds until the total amount set aside reaches 50% of its registered capital. Furthermore, if PRC subsidiaries and their subsidiaries incur debt on their own behalf in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments to the foreign parent company, which may restrict the ability of the foreign parent company to satisfy its liquidity requirements. If such restrictions on dividend and other payments are interpreted to apply to Hong Kong entities, our ability to rely on payments from our Hong Kong subsidiary will be adversely affected.

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In addition, the Enterprise Income Tax Law of the PRC, or the PRC EIT Law, and its implementation rules provide that withholding tax rate of 10% will be applicable to dividends payable by Chinese companies to non-PRC-resident enterprises unless otherwise exempted or reduced according to treaties or arrangements between the PRC central government and governments of other countries or regions where the non-PRC-resident enterprises are incorporated. For a detailed description of the potential government regulations facing the Company and the offering associated with our operations in Hong Kong, please refer to "**[Government and Industry Regulations](#a_038) – Regulations Relating to [Foreign Exchange](#a_040) and [Dividend Distribution](#a_041)**."

***If any dividend is declared in the future and paid in a foreign currency, you may be taxed on a larger amount in U.S. dollars than the U.S. dollar amount that you will actually ultimately receive.***

If you are a U.S. holder of our shares of common stock, you will be taxed on the U.S. dollar value of your dividends, if any, at the time you receive them, even if you actually receive a smaller amount of U.S. dollars when the payment is in fact converted into U.S. dollars. Specifically, if a dividend is declared and paid in a foreign currency such as the RMB, the amount of the dividend distribution that you must include in your income as a U.S. holder will be the U.S. dollar value of the payments made in the foreign currency, determined at the spot rate of the foreign currency to the U.S. dollar on the date the dividend distribution is includible in your income, regardless of whether the payment is in fact converted into U.S. dollars. Thus, if the value of the foreign currency decreases before you actually convert the currency into U.S. dollars, you will be taxed on a larger amount in U.S. dollars than the U.S. dollar amount that you will actually ultimately receive.

***Dividends payable to our foreign investors and gains on the sale of our shares of common stock by our foreign investors may become subject to tax by the PRC.***

Under the Enterprise Income Tax Law and its implementation regulations issued by the State Council of the PRC, unless otherwise provided under relevant tax treaties, a 10% PRC withholding tax is applicable to dividends payable to investors that are non-resident enterprises, which do not have an establishment or place of business in the PRC or which have such establishment or place of business but the dividends are not effectively connected with such establishment or place of business, to the extent such dividends are derived from sources within the PRC. Similarly, any gain realized on the transfer of shares by such investors is also subject to PRC tax at a current rate of 10%, subject to any reduction or exemption set forth in relevant tax treaties, if such gain is regarded as income derived from sources within the PRC. If we are deemed a PRC resident enterprise, dividends paid on our shares, and any gain realized from the transfer of our shares, would be treated as income derived from sources within the PRC and would as a result be subject to PRC taxation. Furthermore, if we are deemed a PRC resident enterprise, dividends payable to individual investors who are non-PRC residents and any gain realized on the transfer shares by such investors may be subject to PRC tax at a current rate of 20%, subject to any reduction or exemption set forth in applicable tax treaties. It is unclear whether we or our subsidiary established outside of China are considered a PRC resident enterprise or whether holders of shares would be able to claim the benefit of income tax treaties or agreements entered into between China and other countries or areas. If dividends payable to our non-PRC investors, or gains from the transfer of our shares by such investors are subject to PRC tax, the value of your investment in our shares may decline significantly. For a detailed description of the potential government regulations facing the Company associated with our operations in Hong Kong, please refer to "**[Government and Industry Regulations](#a_038) –China**."

***Our global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect on our results of operations.***

Under the PRC Enterprise Income Tax Law, or the New EIT Law, and its amendment and implementation rules, which became effective in January 2008, an enterprise established outside of the PRC with a "de facto management body" located within the PRC is considered a PRC resident enterprise and will be subject to the enterprise income tax at the rate of 25% on its global income. The implementation rules define the term "de facto management bodies" as "establishments that carry out substantial and overall management and control over the manufacturing and business operations, personnel and human resources, finance and treasury, and business combination and disposition of properties and other assets of an enterprise." On April 22, 2009, the State Administration of Taxation (the "SAT"), issued a circular, or SAT Circular 82, which provides certain specific criteria for determining whether the "de facto management body" of a PRC-controlled enterprise that is incorporated offshore is located in China. Although the SAT Circular 82 only applies to offshore enterprises controlled by PRC enterprises or PRC enterprise groups, not those controlled by PRC individuals or foreigners, the determining criteria set forth in the SAT Circular 82 may reflect the SAT's general position on how the "de facto management body" text should be applied in determining the resident status of all offshore enterprises for the purpose of PRC tax, regardless of whether they are controlled by PRC enterprises or individuals. Although we do not believe that our legal entities organized outside of the PRC constitute PRC resident enterprises, it is possible that the PRC tax authorities could reach a different conclusion. In such case, we may be considered a PRC resident enterprise and may therefore be subject to the 25% enterprise income tax on our global income, which could significantly increase our tax burden and materially and adversely affect our cash flow and profitability. In addition to the uncertainty regarding how the new PRC resident enterprise classification for tax purposes may apply, it is also possible that the rules may change in the future, possibly with retroactive effect. For a detailed description of the potential government regulations facing the Company associated with our operations in Hong Kong, please refer to "**[Government and Industry Regulations](#a_038) –China**."

***We and our shareholders face uncertainties with respect to indirect transfers of equity interests in PRC resident enterprises by their non-PRC holding companies.***

On February 3, 2015, the State Administration of Taxation issued an Announcement on Several Issues Concerning Enterprise Income Tax on Income Arising from Indirect Transfers of Property by Non-PRC Resident Enterprises, or Announcement 7, with the same effective date. Under Announcement 7, an "indirect transfer" refers to a transaction where a non-resident enterprise transfers its equity interest and other similar interest in an offshore holding company, which directly or indirectly holds Chinese taxable assets (the assets of an "establishment or place" situated in China; real property situated in China and equity interest in Chinese resident enterprises) and any indirect transfer without reasonable commercial purposes are subject to the PRC taxation. In addition, Announcement 7 specifies the conditions under which an indirect transfer is deemed to lack a reasonable commercial purpose which include: (1) 75% or more of the value of the offshore holding company's equity is derived from Chinese taxable assets, (2) anytime in the year prior to the occurrence of the indirect transfer of Chinese taxable assets, 90% or more of the total assets (excluding cash) of the offshore holding company are direct or indirect investments in China, or 90% or more of the revenue of the offshore holding company was sourced from China; (3) the functions performed and risks assumed by the offshore holding company(ies), although incorporated in an offshore jurisdiction to conform to the corporate law requirements there, are insufficient to substantiate their corporate existence and (4) the foreign income tax payable in respect of the indirect transfer is lower than the Chinese tax which would otherwise be payable in respect of the direct transfer if such transfer were treated as a direct transfer. As a result, gains derived from such indirect transfer will be subject to PRC enterprise income tax, currently at a tax rate of 10%.

Announcement 7 grants a safe harbor under certain qualifying circumstances, including transfers in the public securities market and certain intragroup restricting transactions, however, there is uncertainty as to the implementation of Announcement 7. For example, Announcement 7 requires the buyer to withhold the applicable taxes without specifying how to obtain the information necessary to calculate taxes and when the applicable tax shall be submitted. Announcement 7 may be determined by the tax authorities to be applicable to our offshore restructuring transactions or sale of the shares of our offshore subsidiary where non-resident enterprises, being the transferors, were involved. Though Announcement 7 does not impose a mandatory obligation of filing the report of taxable events, the transferring party shall be subject to PRC withholding tax if the certain tax filing conditions are met. Non-filing may result in an administrative penalty varying from 50% to 300% of unpaid taxes. As a result, we and our non-resident enterprises in such transactions may become at risk of being subject to taxation under Announcement 7, and may be required to expend valuable resources to comply with Announcement 7 or to establish that we and our non-resident enterprises should not be taxed under Announcement 7, for any restructuring or disposal of shares of our offshore subsidiary, which may have a material adverse effect on our financial condition and results of operations.

***PRC laws and regulations have established more complex procedures for certain acquisitions of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions* in China.**

Further to the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the New M&A Rules, the Anti-monopoly Law of the PRC, the Rules of Ministry of Commerce on Implementation of Security Review System of Mergers and Acquisitions of Domestic Enterprises by Foreign Investors promulgated by MOFCOM or the MOFCOM Security Review Rules, was issued in August 2011, which established additional procedures and requirements that are expected to make merger and acquisition activities in China by foreign investors more time-consuming and complex, including requirements in some instances that MOFCOM be notified in advance of any change of control transaction in which a foreign investor takes control of a PRC enterprise, or that the approval from MOFCOM be obtained in circumstances where overseas companies established or controlled by PRC enterprises or residents acquire affiliated domestic companies. PRC laws and regulations also require certain merger and acquisition transactions to be subject to merger control review and or security review.

The MOFCOM Security Review Rules, effective from September 1, 2011, which implement the Notice of the General Office of the State Council on Establishing the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors promulgated on February 3, 2011, further provide that, when deciding whether a specific merger or acquisition of a domestic enterprise by foreign investors is subject to the security review by MOFCOM, the principle of substance over form should be applied and foreign investors are prohibited from bypassing the security review requirement by structuring transactions through proxies, trusts, indirect investments, leases, loans, control through agreements control or offshore transactions.

Further, if the business of any target company that the combined company seeks to acquire falls into the scope of security review, the combined company may not be able to successfully acquire such company either by equity or asset acquisition, capital contribution or through any contractual agreements. The combined company may grow its business in part by acquiring other companies operating in its industry. Complying with the requirements of the relevant regulations to complete such transactions could be time consuming, and any required approval processes, including approval from MOFCOM, may delay or inhibit its ability to complete such transactions, which could affect our ability to maintain or expand our market share.

In addition, SAFE promulgated the Circular on the Settlement of Foreign Currency Capital of Foreign-invested Enterprises, or Circular 19, on June 1, 2015. Under Circular 19, registered capital of a foreign-invested company settled in RMB converted from foreign currencies may only be used within the business scope approved by the applicable governmental authority and the equity investments in the PRC made by the foreign-invested company shall be subject to the relevant laws and regulations about the foreign-invested company's reinvestment in the PRC. In addition, foreign-invested companies cannot use such capital to make the investments in securities, and cannot use such capital to issue the entrusted RMB loans (except approved in its business scope), repay the RMB loans between the enterprises and the ones which have been transferred to the third party. Circular 19 may significantly limit our ability to effectively use the proceeds from future financing activities as the Chinese subsidiaries may not convert the funds received from us in foreign currencies into RMB, which may adversely affect their liquidity and our ability to fund and expand our business in the PRC.

SAFE issued the Circular on Reforming and Regulating Policies on the Control over Foreign Exchange Settlement of Capital Accounts ("Circular 16"), on June 9, 2016, which became effective simultaneously. Pursuant to Circular 16, enterprises registered in the PRC may also convert their foreign debts from foreign currency to RMB on a self-discretionary basis. Circular 16 provides an integrated standard for conversion of foreign exchange under capital account items (including but not limited to foreign currency capital and foreign debts) on a self-discretionary basis which applies to all enterprises registered in the PRC. Circular 16 reiterates the principle that RMB converted from foreign currency-denominated capital of a company may not be directly or indirectly used for purpose beyond its business scope or prohibited by PRC Laws or regulations, while such converted RMB shall not be utilized as loans to its non-affiliated entities. As Circular 16 is newly issued and SAFE has not provided detailed guidelines with respect to its interpretation or implementation, it is uncertain how these rules will be interpreted and implemented.

***Failure to comply with PRC regulations regarding the registration requirements for employee stock ownership plans or share option plans may subject the PRC plan participants or us to fines and other legal or administrative sanctions.***

Pursuant to SAFE Circular 37, PRC residents who participate in share incentive plans in overseas non-publicly-listed companies may submit applications to SAFE or its local branches for the foreign exchange registration with respect to offshore special purpose companies. In the meantime, our directors, executive officers and other employees who are PRC citizens or who are non-PRC residents residing in the PRC for a continuous period of not less than one year, subject to limited exceptions, and who have been granted incentive share awards by us, may follow the Notices on Issues Concerning the Foreign Exchange Administration for Domestic Individuals Participating in Stock Incentive Plan of Overseas Publicly-Listed Company, or 2012 SAFE notices, promulgated by the SAFE in 2012. Pursuant to the 2012 SAFE notices, PRC citizens and non-PRC citizens who reside in China for a continuous period of not less than one year who participate in any stock incentive plan of an overseas publicly listed company, subject to a few exceptions, are required to register with SAFE through a domestic qualified agent, which could be the PRC subsidiaries of such overseas listed company, and complete certain other procedures. In addition, an overseas entrusted institution must be retained to handle matters in connection with the exercise or sale of stock options and the purchase or sale of shares and interests. Our executive officers and other employees who are PRC citizens or who reside in the PRC for a continuous period of not less than one year and who have been granted options will be subject to these regulations. It is unclear if these regulations will be expanded to include Hong Kong residents or citizens. Failure to complete the SAFE registrations may subject them to fines, and legal sanctions and may also limit our ability to contribute additional capital into our Hong Kong subsidiary and limit our Hong Kong subsidiary's ability to distribute dividends to us if Hong Kong residents or citizens are covered under these PRC regulations. We also face regulatory uncertainties that could restrict our ability to adopt additional incentive plans for our directors, executive officers and employees under PRC law.

The SAT has issued certain circulars concerning employee share options and restricted shares. Under these circulars, employees working in China who exercise share options or are granted restricted shares will be subject to PRC individual income tax. It is unclear whether these regulations will be expanded in the future to cover our employees in Hong Kong. Our Hong Kong subsidiary may become obligated to file documents related to employee share options or restricted shares with relevant tax authorities and to withhold individual income taxes of those employees who exercise their share options. If our employees fail to pay or we fail to withhold their income taxes according to relevant laws and regulations, we may face sanctions imposed by the tax authorities or other PRC governmental authorities.

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***If we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations and our reputation and could result in a loss of your investment in our shares, especially if such matter cannot be addressed and resolved favorably.***

U.S. public companies that have substantially all of their operations in China have been the subject of intense scrutiny, criticism and negative publicity by investors, financial commentators and regulatory agencies, such as the SEC. Much of the scrutiny, criticism and negative publicity has centered around financial and accounting irregularities, a lack of effective internal controls over financial accounting and reporting, inadequate corporate governance policies or a lack of adherence thereto and, in many cases, allegations of fraud. As a result of the scrutiny, criticism and negative publicity, the publicly traded stock of many U.S. listed Chinese companies has sharply decreased in value and, in some cases, has become virtually worthless. Many of these companies are now subject to shareholder lawsuits and SEC enforcement actions and are conducting internal and external investigations into the allegations. It is not clear what effect this sector-wide scrutiny, criticism and negative publicity will have on our company and our business. If we become the subject of any unfavorable allegations, whether such allegations are proven to be true or untrue, we may have to expend significant resources to investigate such allegations and/or defend the Company. This situation may be a major distraction to our management. If such allegations are not proven to be groundless, our Company and business operations will be severely hampered and your investment in our stock could be rendered worthless.

In addition, major issues with other U.S. listed Chinese companies in the future, could have a negative effect on the value of your investment, even though the Company is not involved.

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***It may be difficult for stockholders to enforce any judgment obtained in the United States against us, which may limit the remedies otherwise available to our* stockholders.**

Substantially all of our assets are located in Hong Kong. Moreover, our current directors and officers are Hong Kong/Chinese nationals. All or a substantial portion of their assets are located outside the United States. As a result, it may be difficult for our stockholders to effect service of process within the United States upon our subsidiary or any individuals. In addition, there is uncertainty as to whether the courts of Hong Kong or the PRC would recognize or enforce judgments of U.S. courts obtained against us or our officers and/or directors predicated upon the civil liability provisions of Hong Kong against us or such persons predicated upon the securities laws of the United States or any state thereof. It is unclear if extradition treaties now in effect between the United States and the PRC would permit effective enforcement against us or our officers and directors of criminal penalties under the United States Federal securities laws or otherwise.

**Risks Relating to Securities Markets and Investment in Our Stock**

***There is not now and there may not ever be an active market for our Common Stock. There are restrictions on the transferability of these securities.***

There currently is no market for our Common Stock and, except as otherwise described herein, we have no plans to file any registration statement or otherwise attempt to create a market for the shares. Even if an active market develops for the shares, Rule 144, which provides for an exemption from the registration requirements under the Securities Act under certain conditions, requires, among other conditions, a holding period prior to the resale (in limited amounts) of securities acquired in a non-public offering without having to satisfy the registration requirements under the Securities Act. There can be no assurance that we will fulfill any reporting requirements in the future under the Exchange Act or disseminate to the public any current financial or other information concerning us, as is required by Rule 144 as part of the conditions of its availability.

***Our common stock is subject to the "penny stock" rules of the sec and the trading market in our securities is limited, which makes transactions in our stock cumbersome and may reduce the value of an investment in our stock*.**

Under U.S. federal securities legislation, our common stock will constitute "penny stock". Penny stock is any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require that a broker or dealer approve a potential investor's account for transactions in penny stocks, and the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased. In order to approve an investor's account for transactions in penny stocks, the broker or dealer must obtain financial information and investment experience objectives of the person, and make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks. The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prepared by the Commission relating to the penny stock market, which, in highlight form sets forth the basis on which the broker or dealer made the suitability determination. Brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock. Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.

***You may experience substantial dilution of your investment in our securities as a result of the potential conversion of certain outstanding preferred stock into shares of our common stock***.

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We have issued and outstanding 10,000 shares of Series A Preferred Stock which have potentially dilutive impacts on voting or beneficial ownership. Each one share of the Series A Preferred Stock is convertible into 1000 shares of common stock, and each one share of Series A Preferred Stock is entitled to vote 1000 shares on matters submitted to a vote of our shareholders. Lo Wai Lin, our Chief Financial Officer, Secretary and Director, owns all 10,000 shares of our Series A Preferred Stock and 557,936 shares of Common Stock. As a result, Mr. Lo controls the voting power of approximately 83.04% of our common stock, as calculated on a fully diluted basis, as of the date of this registration statement.

***We are a controlled company subject to the control of Lo Wai Lin, our Chief Financial Officer, Secretary and Director***. ***Mr. Lo, together with our other insiders beneficially own a significant portion of our stock, and accordingly, have control over stockholder matters, our business and management*.** 

Under NASDAQ stock exchange rule 5615(c)(1), a "controlled company" is defined as a "company of which more than 50% of the voting power for the election of directors is held by an individual, a group or another company." As of the date of this registration statement, Lo Wai Lin beneficially owns 557,936 shares of our common stock, or approximately 20.55% of our issued and outstanding shares of common stock and 10,000 share of our Series A Preferred Stock, or approximately 100% of our issued and outstanding shares of Series A Preferred Stock. As a result, Mr. Lo will have significant influence to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Elect or defeat the election of our directors;

· Amend or prevent amendment of our articles of incorporation or bylaws;

· effect or prevent a merger, sale of assets or other corporate transaction; and

· affect the outcome of any other matter submitted to the stockholders for vote.

Moreover, because of the significant ownership position held by our management team, new investors may not be able to effect a change in our business or management, and therefore, shareholders would have no recourse as a result of decisions made by management. In addition, sales of significant amounts of shares held by our management team, or the prospect of these sales, could adversely affect the market price of our common stock. Our management team's stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of us, which in turn could reduce our stock price or prevent our stockholders from realizing a premium over our stock price.

***State securities laws may limit secondary trading, which may restrict the states in which and conditions under which you can sell the shares offered by this registration statement.***

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Secondary trading in common stock sold in this offering will not be possible in any state until the common stock is qualified for sale under the applicable securities laws of the state or there is confirmation that an exemption, such as listing in certain recognized securities manuals, is available for secondary trading in the state. If we fail to register or qualify, or to obtain or verify an exemption for the secondary trading of, the common stock in any particular state, the common stock could not be offered or sold to, or purchased by, a resident of that state. In the event that a significant number of states refuse to permit secondary trading in our common stock, the liquidity for the common stock could be significantly impacted thus causing you to realize a loss on your investment.

The Company does not intend to seek registration or qualification of its shares of common stock the subject of this offering in any State or territory of the United States. Aside from a "secondary trading" exemption, other exemptions under state law and the laws of US territories may be available to purchasers of the shares of common stock sold in this offering,

***Anti-takeover effects of certain provisions of Nevada state law hinder a potential takeover of our company.***

Though not now, in the future we may become subject to Nevada's control share law. A corporation is subject to Nevada's control share law if it has more than 200 stockholders, at least 100 of whom are stockholders of record and residents of Nevada, and it does business in Nevada or through an affiliated corporation. The law focuses on the acquisition of a "controlling interest" which means the ownership of outstanding voting shares sufficient, but for the control share law, to enable the acquiring person to exercise the following proportions of the voting power of the corporation in the election of directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) one-fifth or more but less than one-third, (ii) one-third or more but less than a majority, or (iii) a majority or more. The ability to exercise such voting power may be direct or indirect, as well as individual or in association with others.

The effect of the control share law is that the acquiring person, and those acting in association with it, obtains only such voting rights in the control shares as are conferred by a resolution of the stockholders of the corporation, approved at a special or annual meeting of stockholders. The control share law contemplates that voting rights will be considered only once by the other stockholders. Thus, there is no authority to strip voting rights from the control shares of an acquiring person once those rights have been approved. If the stockholders do not grant voting rights to the control shares acquired by an acquiring person, those shares do not become permanent non-voting shares. The acquiring person is free to sell its shares to others. If the buyers of those shares themselves do not acquire a controlling interest, their shares do not become governed by the control share law.

If control shares are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of the voting power, any stockholder of record, other than an acquiring person, who has not voted in favor of approval of voting rights is entitled to demand fair value for such stockholder's shares.

In addition to the control share law, Nevada has a business combination law which prohibits certain business combinations between Nevada corporations and "interested stockholders" for three years after the "interested stockholder" first becomes an "interested stockholder," unless the corporation's board of directors approves the combination in advance. For purposes of Nevada law, an "interested stockholder" is any person who is (i) the beneficial owner, directly or indirectly, of ten percent or more of the voting power of the outstanding voting shares of the corporation, or (ii) an affiliate or associate of the corporation and at any time within the three previous years was the beneficial owner, directly or indirectly, of ten percent or more of the voting power of the then outstanding shares of the corporation. The definition of the term "business combination" is sufficiently broad to cover virtually any kind of transaction that would allow a potential acquirer to use the corporation's assets to finance the acquisition or otherwise to benefit its own interests rather than the interests of the corporation and its other stockholders.

The effect of Nevada's business combination law is to potentially discourage parties interested in taking control of our company from doing so if it cannot obtain the approval of our board of directors.

***Because we do not intend to pay any cash dividends on our common stock, our stockholders will not be able to receive a return on their shares unless they sell them.***

We intend to retain any future earnings to finance the development and expansion of our business. We do not anticipate paying any cash dividends on our common stock in the foreseeable future. Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they sell them. Stockholders may never be able to sell shares when desired. Before you invest in our securities, you should be aware that there are various risks. You should consider carefully these risk factors, together with all of the other information included in this annual report before you decide to purchase our securities. If any of the following risks and uncertainties develop into actual events, our business, financial condition or results of operations could be materially adversely affected.

 **

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***Our stock may be subject to substantial price and volume fluctuations due to a number of factors, many of which are beyond our control and may prevent our stockholders from reselling our Common Stock at a profit.***

The market prices for our securities may be volatile and may fluctuate substantially due to many factors, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· market conditions in the business marketing services and NFT services sectors or the economy as a whole;

· price and volume fluctuations in the overall stock market;

· announcements of the introduction of new products and services by us or our competitors;

· actual fluctuations in our quarterly operating results, and concerns by investors that such fluctuations may occur in the future;

· deviations in our operating results from the estimates of securities analysts or other analyst comments;

· additions or departures of key personnel;

· legislation, including measures affecting e-commerce or infrastructure development; and

· developments concerning current or future strategic collaborations.

**Item 2.** **Financial Information.**

**Management's Discussion and Analysis of the Results of Operations**

**Forward-Looking Statements**

*Statements in the following discussion and throughout this registration statement that are not historical in nature are "forward-looking statements." You can identify forward-looking statements by the use of words such as "expect," "anticipate," "estimate," "may," "will," "should," "intend," "believe," and similar expressions. Although we believe the expectations reflected in these forward-looking statements are reasonable, such statements are inherently subject to risk and we can give no assurances that our expectations will prove to be correct. Actual results could differ from those described in this registration statement because of numerous factors, many of which are beyond our control. These factors include, without limitation, those described under Item 1A "[Risk Factors](#a_003)." We undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this registration statement or to reflect actual outcomes. Please see "[Forward Looking Statements](#a_042)" at the beginning of this Form 10.*

*The following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes thereto and other financial information appearing elsewhere in this Form 10*.

**Overview**

We are not required to obtain permission from the Chinese authorities to operate or to issue securities to foreign investors.

ZICX is a Nevada holding company that through its subsidiary provides technology driven digital marketing and advertising solutions. ZICX conducts its business through its wholly owned subsidiary, ASN Zone One Limited, a company registered in Hong Kong ("ASN"). ASN began operations in Hong Kong on September 2, 2022, and was engaged in the storage network business. It was dedicated to developing a platform that would enable businesses to optimize their logistics processes through a single platform. In attempting to develop its platform, ASN encountered market challenges that adversely affected the Hong Kong logistics business as a whole including limited cost-effective land supply for logistics uses, including modern well-located warehouses, government land reclamation and re-zoning efforts, inadequate infrastructure support, high land, labor, energy, and vehicle costs, disruption in US-China trade, and uncertain global trade policies, trade wars and tariffs. In light of these challenges, ASN elected to suspend development of its logistics platform and transitioned to developing a marketing and advertising platform in November 2024.

ASN's current core offering is an "AI-Enabled Global Network Marketing and Advertising Platform," which integrates cutting-edge hardware (e.g., naked eye 3D LED displays) with smart software systems to deliver end-to-end services for clients' global business expansion. ASN began operations in September 02, 2022, and operates in Hong Kong. ASN currently is speaking with potential clients such as media outlets in Hong Kong and China to convert some of the outdoor advertising from 2D to 3D. ASN intends to focus on extending its reach to the Middle East by the end of 2026. Thereafter as financing permits, ASN hopes to expand to North Africa, US, Europe, and Asia.

We are at a development stage company.

We reported a net loss of $189,582 for the three months ended June 30, 2025. We had current assets of $1,105,916 and current liabilities of $2,101,170 as of June 30, 2025.

We reported a net loss of $3,294,418 and $50,418 for the years ended March 31, 2025 and 2024, respectively. We had current assets of $797,204 and current liabilities of $1,520,407 as of March 31, 2025. As of March 31, 2024, our current assets and current liabilities were $92,760 and $393,924, respectively.

Our financial statements for the three months ended June 30, 2025 and the years ended March 31, 2025 and 2024 have been prepared assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders and external fund-raising through private placements. Our sources of capital in the past have included the sale of equity securities, which include common stock sold in private transactions and public offerings, capital leases and short-term and long-term debts.

**Results of Operations.** 

**Comparison of Three Months Ended June 30, 2025 and 2024**

The following table sets forth key components of our results of operations for the years ended June 31, 2025 and 2024.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2024** | **variance** | **variance** |
|  | **US$** | **US$** | **US$** | **%** |
| **Revenues, net** | 300869 |  | 300869 | N/A |
| **Cost of revenue** | (5601) | – | (5601) | N/A |
| **Gross profit** | 295268 | – | 295268 | N/A |
| **Operating expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | (273987) | (1303) | (273987) | 20927.40 |
| **Total operating expenses** | (273987) | (1303) | (273987) | 20927.40 |
| **Income (loss) from operations** | 21281 | (1303) | 22584 | 1733.23 |
| **Other income (expense)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses on bonds payable, convertible debts and promissory note | (109266) |  | (109266) | N/A  |
| &nbsp;&nbsp;&nbsp;Interest on lease liabilities | (9295) |  | (9295) | N/A |
| &nbsp;&nbsp;&nbsp;Change in fair value of convertible debts and promissory note | (103137) |  | (103137) | <br>N/A  |
| &nbsp;&nbsp;&nbsp;Sundry income | 10835 | – | 10835 | N/A |
| **Total other expense, net** | (210863) | – | (210863) | N/A |
| **Loss before income taxes** | (189582) | (1303) | (188279) | 14449.65 |
| Income tax expense | – | – | – | N/A |
| **Net loss** | (189582) | (1303) | (188279) | 14449.65 |

---

**Revenue**

Our overall revenue increased by approximately $300,869 to $300,869 for the three months ended June 30, 2025, from $0 for the three months ended June 30, 2024. The growth primarily from the acquisition of ASN, the revenue is generated from product sales for the three months ended June 30, 2025.

The following table summarizes revenue from contracts with customers, disaggregated by revenue source and the related segments, for the three months ended June 30, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | | |
|  | **2025**<br>**US$** | **2024**<br>**US$** |<br>**variance**<br>**US$** |<br>**variance %** |
| ***Trading of goods*** |  |  |  |  |
| Product sales | 300869 |  | 300869 | N/A |
| **Total revenue** | 300869 |  | 300869 | N/A |

---

**Trading of goods**

 

*Product sales*

The revenue amounted to $300,869 for the three months ended June 30, 2025, which represent the sales of LED carriage boxes. The increase mainly resulted from the Company's newly acquired subsidiary ASN.

**Cost of revenue**

The following table sets forth the breakdown of our cost of revenue for the three months ended June 30, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | | |
|  | **2025**<br>**US$** | **2024**<br>**US$** |<br>**variance**<br>**US$** |<br>**variance %** |
| Delivery cost | 5601 |  | 5601 | N/A |
| **Total cost of revenue** | 5601 |  | 5601 | N/A |

---

The cost of revenue amounted to $5,601 for the three months ended June 30, 2025, which represented the cost to delivery of LED carriage boxes. The increase mainly resulted from the new business segment.

**Gross profit and gross profit margin**

Our total gross profit was $295,268 for the three months ended June 30, 2025, as compared to $0 for the three months ended June 30, 2024, an increase of $295,268. The increase in total gross profit was primarily due to the new business segment.

**General and administrative expenses**

General and administrative expenses mainly consist of legal and professional fees, payroll expenses and other miscellaneous administrative expenses. The Company incurred general and administrative expenses of $273,987 for the three months ended June 30, 2025, compared to $1,303 for the three months ended June 30, 2024, an increase of $272,684. The increase in general and administrative expenses was primarily due to the new business segment.

**Other income (expense)**

Our other income (expenses) primarily included interest expenses on bonds payable, convertible debts and promissory note, interest on lease liabilities and change in fair value of convertible debts and promissory note. The following sets forth the breakdown of our other expense, net:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2024** | **variance** | **variance** |
|  | **US$** | **US$** | **US$** | **%** |
| Interest expenses on bonds payable, convertible debts and promissory note | (109266) |  | (109266) | N/A |
| Interest on lease liabilities | (9295) |  | (9295) | N/A |
| Change in fair value of convertible debts and promissory note | (103137) |  | (103137) | N/A |
| Sundry income | 10835 | – | 10835 | N/A |
| Total other expense, net | (210863) | – | (210863) | N/A |

---

For the three months ended June 30, 2025, other income (expenses), net decreased by $210,863. Such a decrease was mainly resulting from the other expenses such as interest expenses on bonds payable, convertible debts and promissory note and change in fair value of convertible debts and promissory note from the acquisition of the Company's subsidiary ASN in July 2024.

**Income tax expense**

We did not incur income tax expense for the three months ended June 30, 2025 and 2024.

**Net loss**

The net loss increased to $189,582 for the three months ended June 30, 2025, as compared to net loss $1,303 for the three months ended June 30, 2024. The increase in loss was mainly due to increase in general and administrative expenses and other expense of the new business operation from the Company's newly acquired subsidiary ASN, as explained above.

**Comparison of Years Ended March 31, 2025 and 2024**

The following table sets forth key components of our results of operations for the years ended March 31, 2025 and 2024.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025**<br>**US$** | **2024**<br>**US$** | **variance**<br>**US$** | **variance %** |
| **Revenues, net** | 70068 |  | 70068 | N/A |
| **Cost of revenue** | (15170) | – | (15170) | N/A |
| **Gross profit** | 54898 | – | 54898 | N/A |
| **Operating expenses:** |  |  |  |  |
| &nbsp;&nbsp;General and administrative expenses | (864406) | (4460) | (859946) | 19281.30 |
| **Total operating expenses** | (864406) | (4460) | (859946) | 19281.30 |
| **Loss from continuing operations** | (809508) | (4460) | (805048) | 18050.40 |
| **Other income (expense)** |  |  |  |  |
| &nbsp;&nbsp;Interest income | 133 |  | 133 | N/A |
| &nbsp;&nbsp;Impairment loss on goodwill | (1376083) |  | (1376083) | N/A |
| &nbsp;&nbsp;Interest expenses on bonds payable, convertible debts and promissory note | (265144) |  | (265144) | <br>N/A |
| &nbsp;&nbsp;Interest on lease liabilities | (14678) |  | (14678) | N/A |
| &nbsp;&nbsp;Change in fair value of convertible debts and promissory note | (53814) |  | (53814) | <br>N/A |
| &nbsp;&nbsp;Sundry income | 71910 | – | 71910 | N/A |
| **Total other expense, net** | (1637676) | – | (1637676) | N/A |
| **Loss before income taxes from continuing operations** | (2447184) | (4460) | (2442724) | 54769.60 |
| Income tax expense | – | – | – | N/A |
| **Net loss from continuing operation** | (2447184) | (4460) | (2442724) | 54769.60 |
| <br>**Discontinued operations** |  |  |  |  |
| Net loss from discontinued operations, net of tax | (847234) | (45958) | (801276) | 1743.50 |
| **Net loss** | (3294418) | (50418) | (3244000) | 6434.21 |

---

**Revenue**

Our overall revenue increased by approximately $70,068, to $70,068 for the year ended March 31, 2025, from $0 for the year ended March 31, 2024. The growth primarily from acquiring of ASN, the revenue is generated from product sales for the year ended March 31, 2025.

The following table summarizes revenue from contracts with customers, disaggregated by revenue source and the related segments, for the years ended March 31, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended March 31,** | **Year Ended March 31,** | | |
|  | **2025**<br>**US$** | **2024**<br>**US$** |<br>**variance**<br>**US$** |<br>**variance %** |
| ***Trading of goods*** |  |  |  |  |
| Product sales | 70068 |  | 70068 | N/A |
| **Total revenue** | 70068 |  | 70068 | N/A |

---

**Trading of goods**

 

*Product sales*

The revenue amounted to $70,068 for the year ended March 31, 2025, which represented the sales of LED carriage boxes. The increase mainly resulted from the acquisition of ASN.

**Cost of revenue**

The following table sets forth the breakdown of our cost of revenue for the years ended March 31, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended March 31,** | **Year Ended March 31,** | | |
|  | **2025**<br>**US$** | **2024**<br>**US$** |<br>**variance**<br>**US$** |<br>**variance %** |
| Delivery cost | 15170 |  | 15170 | N/A |
| **Total cost of revenue** | 15170 |  | 15170 | N/A |

---

The cost of revenue amounted to $15,170 for the year ended March 31, 2025, which represented the cost to delivery of LED carriage boxes. The increase mainly resulted from the new business segment.

**Gross profit and gross profit margin**

Our total gross profit was $54,894 for the year ended March 31, 2025, as compared to $0 for the year ended March 31, 2024, an increase of $54,894. The increase in total gross profit was primarily due to the new business segment.

**General and administrative expenses**

General and administrative expenses mainly consist of legal and professional fees, payroll expenses and other miscellaneous administrative expenses. The Company incurred general and administrative expenses of $864,406 for the year ended March 31, 2025, compared to $4,460 for the year ended March 31, 2024, an increase of $859,946 or 19,281.30%. The increase in general and administrative expenses was primarily due to the new business segment.

**Other income (expense)**

Our other income (expenses) primarily included interest income, impairment of goodwill, interest expenses on bonds payable, convertible debts and promissory note, interest on lease liabilities and change in fair value of convertible debts and promissory note. The following sets forth the breakdown of our other expense, net:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025**<br>**US$** | **2024**<br>**US$** | **variance**<br>**US$** | **variance %** |
| Interest income | 133 |  | 133 | N/A |
| Impairment loss on goodwill | (1376083) |  | (1376083) | N/A |
| Interest expenses on bonds payable, convertible debts and promissory note | (265144) |  | (265144) | N/A |
| Interest on lease liabilities | (14678) |  | (14678) | N/A |
| Change in fair value of convertible debts and promissory note | (53814) |  | (53814) | N/A |
| Sundry income | 71910 |  | 71910 | N/A |
| Total other expense, net | (1.637676) |  | (1.637676) | N/A |

---

For the year ended March 31, 2025, other income (expenses), net, decreased by $1,637,676. Such a decrease was mainly resulting from the other expenses such as impairment loss on goodwill, interest expenses on bonds payable, convertible debts and promissory note and change in fair value of convertible debts and promissory note from the acquisition of ASN during the year ended March 31, 2025.

**Income tax expense**

We did not incur income tax expense for the years ended March 31, 2025 and 2024.

**Net loss from continuing operations, net of tax**

The net loss from continuing operations increased to $2,447,184 for the year ended March 31, 2025, as compared to net loss $4,460 for the year ended March 31, 2024. The increase in loss was mainly due to increase in general and administrative expenses and other expenses of the new business segment, as explained above.

**Net loss from discontinued operations**

The net loss from discontinued operations increased to $847,234 for the year ended March 31, 2025, compared to a net loss of $45,958 for the year ended March 31, 2024. The increase in loss was mainly attributable to impairment of assets of $847,234.

**Liquidity and Capital Resources**

We suffered from a continuous net loss of $189,582 for the three months ended June 30, 2025, and had a working capital deficit of $995,254 and accumulated deficit of $4,503,655.

We suffered from a net loss of $3,294,418 for the year ended March 31, 2025, and had a working capital deficit of $723,203 and accumulated deficit of $4,314,073, as of March 31, 2025. The Company has funded its operations and capital expenditure primarily through its stockholders. The continuation of the Company as a going concern is dependent upon improving profitability and the continued financial support from its stockholders and external fund-raising from private placements. Management believes the existing stockholders will provide additional cash to meet with the Company's obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These raise substantial doubt about the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

**Cash Flows**

The following table sets forth a summary of our cash flows information for the three months ended June 30, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
|  | **2025**<br>**US$** | **2024**<br>**US$** |
| Net cash used in operating activities | (234826) |  |
| Net cash used in investing activities | (4971) |  |
| Net cash provided by financing activities | 180587 |  |
| Foreign currency translation adjustment | (28054) |  |
| Net change in cash and cash equivalents | (87264) |  |
| Cash and cash equivalents at the beginning of the year | – |  |
| Cash and cash equivalents at the end of the year | 89980 |  |

---

**Operating Activities**

Net cash used in operating activities amounted to $234,826 for the three months ended June 30, 2025, mainly derived from (i) net loss of $189,582; (ii) decrease in lease liabilities of $56,686 and (iii) increase in prepayments and other current assets of $325,865; partially offset by (a) increase in accrued liabilities and other payables of $97,489; and adjusted by non-cash items consisting of (b) depreciation of plant and equipment of $6,191; (c) amortization of right-of-use assets of $50,570; (d) amortization of debt discount (non-cash) of $70,625; (e) fair value change of convertible debts and promissory note of $103,137; and (f) interest expenses on lease liabilities of $9,295.

There was no cash flow from operating activities for the three months ended June 30, 2024.

**Investing Activities**

Net cash used in investing activities amounted to $4,971 for the three months ended June 30, 2025, mainly derived from the purchase of plant and equipment of $4,971.

There was no cash flow from investing activities for the three months ended June 30, 2024.

**Financing Activities**

Net cash provided by financing activities amounted to 180,587 for the three months ended June 30, 2025, which was mainly attributable to (i) subscription proceeds from private placement of $430,000; partially offset by (a) repayment of bonds payable of $21,261; (b) repayment to a shareholder of $156,576; and (c) advance to a related party of $71,576.

There was no cash flow from financing activities for the three months ended June 30, 2024.

The following table sets forth a summary of our cash flows information for the years ended March 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | **2025**<br>**US$** | **2024**<br>**US$** |
| Net cash used in operating activities – continuing operations | (523964) | (4460) |
| Net cash used in operating activities – discontinued operations | (313839) | (4764) |
| Net cash used in investing activities – continuing operations | (15933) |  |
| Net cash provided by investing activities – discontinued operations | 31490 |  |
| Net cash provided by financing activities – continuing operations | 916506 |  |
| Net cash provided by financing activities – discontinued operations |  | 9099 |
| Foreign currency translation adjustment | (4260) | – |
| Net change in cash and cash equivalents | 89980 | (125) |
| Cash and cash equivalents at the beginning of the year | – | 125 |
| Cash and cash equivalents at the end of the year | 89980 | – |

---

**Operating Activities – continuing operations**

Net cash used in operating activities for continuing operations amounted to $523,964 for the year ended March 31, 2025, mainly derived from (i) net loss of $2,447,184; (ii) increase in rental deposit of $89,871; (iii) decrease in lease liabilities of $75,841 and increase in inventories of $72,914; partially offset by (a) increase in accrued liabilities; (b) increase in accrued liabilities and other payables of $389,840; (c) decrease in prepayments and other current assets of $53,743 and adjusted by non-cash items consisting of (d) depreciation of plant and equipment of $17,242; (e) amortization of right-of-use assets of $101,141; (f) amortization of debt discount (non-cash) of $155,015; (g) fair value change of convertible debts and promissory note of $53,814; (h) impairment loss on goodwill of $1,376,083 and (i) interest expenses on lease liabilities of $14,678.

Net cash used in operating activities for continuing operations amounted to US$4,460 for the year ended March 31, 2024, mainly derived from net loss of $4,460.

**Operating Activities – discontinued operations**

The net cash used in operating activities for discontinued operations amounted to $313,839 for the year ended March 31, 2025, mainly derived from net loss of $847,234 and current liabilities of discontinued operations of $393,924, partially offset by non-current assets of discontinued operations of $834,559 and current assets of discontinued operations of $92,760.

The net cash used in operating activities for discontinued operations amounted to $4,764 for the year ended March 31, 2024, mainly derived from net loss of $45,958 and partially offset by current liabilities of discontinued operations of $2,994 and adjusted by non-cash items of discontinued operations of $44,188.

**Investing Activities– continuing operations**

Net cash used in investing activities for continuing operations amounted to $15,953 for the year ended March 31, 2025, mainly derived from the purchase of plant and equipment of $15,953.

There was no cash flow from investing activities for continuing operations for the years ended March 31, 2024.

**Investing Activities– discontinued operations**

Net cash provided investing activities for discontinued operations amounted to $31,940 for the year ended March 31, 2025, mainly derived from the current assets of discontinued operations of $31,940.

There was no cash flow from investing activities for discontinued operations for the years ended March 31, 2024.

**Financing Activities– continuing operations**

Net cash provided by financing activities for continuing operations amounted to $916,506 for the year ended March 31, 2025, which was mainly attributable to (i) proceeds from convertible promissory note of $200,000; (ii) subscription proceeds from private placement of $780,000; and (iii) advance from a shareholder of $87,215; partially offset by (a) repayment of bonds payable and convertible debts of $121,584 and (b) advance to a related party of $29,125.

There was no cash flow from financing activities for continuing operations for the years ended March 31, 2024.

**Financing Activities– discontinued operations**

There was no cash flow from financing activities for discontinued operations for the years ended March 31, 2025.

Net cash provided by financing activities for discontinued operations amounted to $9,099 for the year ended March 31, 2024, which was mainly attributable to current liabilities of discontinued operations of $9,099.

**Off-Balance Sheet Arrangements**

As of June 30, 2025 and March 31, 2025, we had not entered any material off-balance sheet transactions and arrangements. We have not entered into any guarantees or other commitments to guarantee the payment obligations other than those which arise out of normal business operations.

**Capital Expenditures**

Our capital expenditures amounted to approximately $4,971 and $0 relating to the purchase of plant and equipment for the fiscal three months ended June 30, 2025 and 2024, respectively, mainly for use in our operations.

Our capital expenditures amounted to approximately $15,953 and $0 relating to the purchase of plant and equipment for the years ended March 31, 2025 and 2024, respectively, mainly for use in our operations.

**Commitments and contingencies**

From time to time, we may be involved in various legal proceedings and claims in the ordinary course of business. We currently are not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition, operating results, or cash flows.

As of June 30, 2025, March 31, 2025 and 2024, we did not have any significant commitments and contingencies involved, except for the below:

Pursuant to the Stock Purchase Agreement dated July 25, 2024, we are required to issue to the Seller (Lo Yiu Kwok) to an aggregate of 630,000,000 shares of our common stock, at a par value of $0.00001 upon the achievement of the milestones by its subsidiary, ASN during the three-years' period following July 25, 2024 ("Performance Period") below:

---

| | |
|:---|:---|
| **Annual revenue milestones (US$) for Performance Period** | **Number of shares**<br> **issuable to the Seller** |
| Equal or above $500,000 and less $1,000,000 | 126000000 |
| Equal or above $1,000,000 and less $2,000,000 | 378000000 |
| Equal or above $2,000,000 | 630000000 |

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We are limited to issue a maximum of 630,000,000 shares of our common stock as earnout shares. The earnout shares, if were issued, classified as equity in accordance with ASC 480 and ASC 815.

Subsequently, our subsidiary, ASN did not meet with the minimum annual revenue of $500,000 as the performance milestone for the first year from July 26, 2024 to July 25, 2025 under the Performance Period, therefore no earnout shares were issued accordingly.

**Critical Accounting Policies and Estimates**

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make assumptions, estimates and judgments that affect the amounts reported, including the notes thereto, and related disclosures of commitments and contingencies, if any. We have identified certain accounting policies that are significant to the preparation of our financial statements. These accounting policies are important for an understanding of our financial condition and results of operations. Critical accounting policies are those that are most important to the presentation of our financial condition and results of operations and require management's subjective or complex judgment, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Certain accounting estimates are particularly sensitive because of their significance to financial statements and because of the possibility that future events affecting the estimate may differ significantly from management's current judgments. We believe the following accounting policies are critical in the preparation of our financial statements.

· Basis of Presentation

The accompanying consolidated financial statements are prepared in the United States Dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities Exchange Commission ("SEC").

· Use of estimates and assumptions

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the years presented. Significant accounting estimates reflected in the Company's consolidated financial statements include the allowance for expected credit losses, the useful lives of plant and equipment, impairment of long-lived assets, revenue recognition, inventory obsolescence, allowance for deferred tax assets, uncertain tax position, fair value of convertible debts and promissory note and income tax provision.

· Basis of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

· Business combination

The Company follows Accounting Standards Codification ("ASC") ASC 805, Business Combinations ("ASC 805") and ASC 810, Consolidation ("ASC 810"). ASC 805 requires most identifiable assets, liabilities, non-controlling interests, and goodwill acquired in a business combination to be recorded at "fair value." The statement applies to all business combinations. Under ASC 805, all business combinations are accounted for by applying the acquisition method. Accounting for the resulting goodwill requires significant management estimates and judgment. Management performs periodic reviews of the carrying value of goodwill to determine whether events and circumstances indicate that an impairment in value may have occurred. A variety of factors could cause the carrying value of goodwill to become impaired. A write-down of the carrying value of goodwill could result in a non-cash charge, which could have an adverse effect on the Company's results of operations.

· Discontinued operation

Since March 2025, the Company ceased and closed down the coupon redemption app business. Accordingly, the coupon redemption app business was considered as discontinued operation in the Company's consolidated balance sheets for all years presented. The operating results related to this line of business have been included in discontinued operations in the Company's consolidated statements of operations and comprehensive loss for all years presented.

· Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company has operations in Hong Kong and maintains the books and record in the local currency, Hong Kong Dollars ("HKD"), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC 830-30, Translation of Financial Statement, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of changes in stockholder's equity.

· Cash and cash equivalents

Cash and cash equivalents consist primarily of cash in readily available checking and saving accounts. They consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts are approximately fair value due to the short maturity of these instruments. The Company maintains its bank accounts in Hong Kong.

· Inventories

Inventories are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs include hardware equipment which is purchased from the Company's suppliers as merchandized goods. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand.

· Plant and equipment

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

<u>Expected useful life</u> <br> Furniture and equipment 5 years <br> Leasehold improvements 5 years

Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterment which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized as other income or expense in the consolidated statements of operations.

· Impairment of Long-lived Assets

In accordance with the provisions of ASC 360, Impairment or Disposal of Long-Lived Assets, all long-lived assets such as plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets.

· Segment Reporting

ASC 280, "*Segment Reporting*" establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in consolidated financial statements for details on the Company's business segments.

In accordance with Accounting Standards Update ("ASU") No. 2023-07, *Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures*, the Company considered whether additional disclosures were required, including significant segment expenses and measures used by the chief operating decision maker ("CODM"), Mr. Edwin Kal Ip Li (a chief executive officer of the Company). However, the CODM evaluates the Company's performance based solely on consolidated financial results, and no additional measures or expense categories are used for internal decision-making.

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company's CODM, for making decisions, allocating resources and assessing performance, as the following reportable segments.

The operation of coupon redemption app business in United States of America ("U.S.:) was discontinued and closed down in March 2025, in which this segment did not generate any revenue during the years ended March 31, 2025 and 2024. Based on the management's assessment, the Company determined that it has one reportable operating segment, as defined by ASC 280. For the years ended March 31, 2025 and 2024, all of the Company's revenue and assets are locally generated in Hong Kong. Therefore, no geographical segments are presented.

· Revenue Recognition

The Company adopted the ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). Under ASU 2014-09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· identify the contract(s) with a customer;

· identify the performance obligations in the contract;

· determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer;

· allocate the transaction price to performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract.; and

· recognize revenue as the performance obligation is satisfied

Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product and collection is reasonably assured. A performance obligation is a promise in a contract to transfer a distinct product or service to a customer. Most of the Company's contracts have a single performance obligation, and such fees are billed to the customer when the performance obligation is satisfied. The Company recognizes such revenue in the period when the amounts are determined to be fixed and the performance obligation is satisfied as the Company completes the obligations.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or providing services. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales taxes and other taxes are excluded from revenues.

*<u>Trading of goods</u>*

The Company generates most of its revenue from direct product sales. Revenue from direct trading sales is recognized when the customer obtains control of the product, which occurs at a point in time. Delivery occurs when the goods have been delivery to the specific location upon the agreed shipment terms Shipping term under Free On Board ("FOB"), the Company transferred the ownership of goods to customer and who is liable for goods damaged during shipping. The Company bills the invoices to customers together with the delivery and collects the receivables in a credit term of 30 days.

Generally, the Company enters into purchase orders with its customers which specify the rights of the parties, including product specifications, shipment term and payment terms and sales prices to the customers are fixed with rebate and incentives to certain customers. The performance obligations in a given transaction are determined by the individual purchase orders with revenue recognized at the time that the performance obligations have been satisfied. Sales taxes and other similar taxes that the Company collects concurrently with revenue-producing activities are excluded from revenue. Variable considerations such as sales rebates, sales discounts, and sales returns are treated as a reduction of revenue in the same period the related revenue is recognized.

*<u>Principal vs Agent Considerations</u>*

In accordance with ASC 606, Revenue Recognition: Principal Agent Considerations, the Company evaluates the terms in the agreements with its channels and independent contractors to determine whether or not the Company acts as the principal or as an agent in the arrangement with each party respectively. The determination of whether to record the revenue on a gross or net basis depends upon whether the Company has control over the goods prior to transferring it. In general, the Company controls the products as it has the obligation to (i) fulfil the products delivery and (ii) bear any inventory risk as legal owners. In addition, when establishing the selling prices for delivery of the resale products, the Company has control to set its selling price to ensure it would generate profit for the products delivery arrangements. The Company believes that all these factors indicate that the Company is acting as a principal in this transaction. As a result, revenue from the sales of products is presented on a gross basis.

· Leases

The Company adopts the ASU No. 2016-02, Leases (Topic 842) for all periods or years presented. This standard requires lessees to recognize lease assets ("right-of-use") and related lease obligations ("lease liabilities") on the consolidated balance sheet for leases with terms in excess of twelve months. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities.

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use ("ROU") assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets.

ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized, based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. The Company depreciated the ROU assets on a straight-line basis from the lease commencement date to the earlier of the end of the useful life of the ROU assets or the end of the lease term. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

All of the Company's real estate leases are classified as operating leases and there was no lease with a duration of twelve months or less.

· Income Taxes

Income taxes are determined in accordance with the provisions of ASC 740, Income Taxes ("ASC 740"). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

The Company is subject to tax in local and foreign jurisdictions. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.

· Convertible debts and promissory note

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC 815. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

· Net loss per share

The Company calculates net loss per share in accordance with ASC 260, Earnings per Share. Basic loss per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed similar to basic income 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.

· Comprehensive Loss

ASC 220, Comprehensive Income, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive loss as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive loss, as presented in the accompanying statements of changes in stockholders' (deficit) equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

· Pension Costs

The Company is required to make contribution to their employees under a government-mandated defined contribution pension scheme for its eligible full-times employees in Hong Kong. The Company is required to contribute a specified percentage of the participants' relevant income based on their ages and wages level.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Related parties

The Company follows the ASC 850-10, Related Party for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

· Commitments and Contingencies

The Company follows the ASC 450-20, Contingencies, to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company's financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business, financial position, and results of operations or cash flows.

· Fair value of measurement

The Company follows the guidance of the ASC 820-10, Fair Value Measurements and Disclosures ("ASC 820-10"), 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:

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| | |
|:---|:---|
| Level 1 | &nbsp;&nbsp;Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; |
| Level 2 | &nbsp;&nbsp;Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and |
| Level 3 | &nbsp;&nbsp;Inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. |

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The carrying amounts of the Company's financial assets and liabilities, such as cash and cash equivalents, inventories, amount due from a related party, prepayments and other current assets, accrued liabilities and other payables and amount due to a shareholder approximate their fair values because of the short maturity of these instruments except for bonds payable, convertible debts and convertible promissory note.

**Recently Issued Accounting Pronouncements**

From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board ("FASB") or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The purpose of the update was to improve financial reporting by requiring disclosures of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and require retrospective application to all periods presented in the consolidated financial statements. Management is evaluating the impact on the Company's consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company's management does not believe the adoption of ASU 2023-09 will have a material impact on its consolidated financial statements and disclosures.

In March 2024, the FASB issued ASU No. 2024-02, which removes references to the Board's concepts statements from the FASB Accounting Standards Codification (the "Codification" or ASC). The ASU is part of the Board's standing project to make "Codification updates for technical corrections such as conforming amendments, clarifications to guidance, simplifications to wording or the structure of guidance, and other minor improvements." The Company's management does not believe the adoption of ASU 2024-02 will have a material impact on its consolidated financial statements and disclosures.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires that an entity disclose, in the notes to financial statements, specified information about certain costs and expenses. The amendment in the ASU is intended to enhance the transparency and decision usefulness to better understand the major components of an entity's income statement. The amendments in this Update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of the new standard on its consolidated financial statements which is expected to result in enhanced disclosures

Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have a material impact on the consolidated balance sheets, statements of operations and comprehensive loss and cash flows.

**Quantitative and Qualitative Disclosure about Market Risk**

**Concentration of major customers**

For the three months ended June 30, 2025, the Company has one single customer namely Runde Holdings Limited, who accounted for 100% of its total revenues.

For the three months ended June 30, 2024, the Company has no single customer who accounted for 10% of its revenues.

For the year ended March 31, 2025, the Company has one single customer namely Runde Holdings Limited, who accounted for 100% of its total revenues.

For the year ended March 31, 2024, the Company has no single customer who accounted for 10% of its revenues.

**Concentration risk in major vendors**

For the three months ended June 30, 2025, the Company has one single vendor namely Shenzhen Qianhai Hengyunlian Technology Co. Ltd, who accounted for 100% of its total cost of revenue.

For the three months ended June 30, 2024, the Company has no single vendor who accounted for 100% of its total cost of revenue.

For the year ended March 31, 2025, the Company has one single vendor namely Shenzhen Qianhai Hengyunlian Technology Co. Ltd, who accounted for 100% of its total cost of revenue.

For the year ended March 31, 2024, the Company has no single vendor who accounted for 100% of its total cost of revenue.

**Credit Risk**

Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and amount due from a related party. Cash equivalents are maintained with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $102,840) if the bank in Hong Kong with which an individual/a company hold its eligible deposit fails.

**Economic and political risk**

The Company's major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong's economy may influence the Company's business, financial condition, and results of operations.

**Exchange rate risk**

From time to time, the Company may be involved in various legal proceedings and claims in the ordinary course of business. The Company currently is not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition, operating results, or cash flows.

**Item 3.** **Properties.**

Our corporate and executive office is located at 1901, The World Trade Centre, 280 Gloucester Road, Causeway Bay, Hong Kong, China, telephone number +852 3703 9249. The premises are subject to a three-year Tenancy Agreement commencing on August 15, 2024 and ending on August 14, 2027. The base monthly rent for the premises is USD$18,876.92. The foregoing description of the Tenancy Agreement between Market Century Global Limited and ASN is qualified in its entirety by the terms of the Tenancy Agreement attached hereto and incorporated herein as Exhibit 10.4.

**Item 4.** **Security Ownership of Certain Beneficial Owners and Management.**

The following table sets forth certain information with respect to the beneficial ownership of our common stock, as of October 9, 2025, for: (i) each of our named executive officers; (ii) each of our directors; (iii) all of our current executive officers and directors as a group; and (iv) each person, or group of affiliated persons, known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock.

Except as indicated in footnotes to this table, we believe that the stockholders named in this table will have sole voting and investment power with respect to all shares of common stock shown to be beneficially owned by them, based on information provided to us by such stockholders. Unless otherwise indicated, the address for each director and executive officer listed is: c/o Zicix Corporation, 1901, The World Trade Centre, 280 Gloucester Road, Causeway Bay, Hong Kong, China.

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| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name and Address of Beneficial Owner** | **Common Stock Beneficially Owned**<br>**Number of Shares<br> and Nature of<br> Beneficial<br> Ownership** | <br>**Percentage of<br> Total Common<br> Equity (1)** | **Series A Preferred Stock Owned**<br>**Number of Shares<br> and Nature of<br> Beneficial<br> Ownership** | <br>**Percentage of<br> Total Series A Preferred<br> Equity (1)** |
| Edwin Kai Ip Li |  |  |  |  |
| LO Wai Lin (2) | 557936 | 20.55% | 10000 | 100% |
| All executive officers and directors as a Group (3 persons) | 557936 | 20.55% | 10000 | 100% |
| **5% or Greater Stockholders:** |  |  |  |  |
| Tseng Chien Yu | 652307 | 24.03% |  |  |
| Huang Yu Shan (3) | 506000 | 18.64% |  |  |
| Wang Kai Ping | 200000 | 7.37% |  |  |

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________________

(1) Applicable percentage ownership is based on 2,715,081 shares of common stock outstanding
as of October 9, 2025, together with securities exercisable or convertible into shares of common stock within 60 days of October 9, 2025.
Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting
or investment power with respect to securities. Shares of common stock that a person has the right to acquire beneficial ownership of
upon the exercise or conversion of options, convertible stock, warrants or other securities that are currently exercisable or convertible
or that will become exercisable or convertible within 60 days October 9, 2025, are deemed to be beneficially owned by the person holding
such securities for the purpose of computing the number of shares beneficially owned and percentage of ownership of such person, but are
not treated as outstanding for the purpose of computing the percentage ownership of any other person.

(2) LO Wai Lin, our Chief Financial Officer and Director, owns 557,936 shares
of our common stock and 10,000 shares of our Series A Preferred Stock. Each share of Series A Preferred Stock has the voting rights, powers,
preferences and privileges more fully described in the section entitled " [Description of Registrant's Securities to be Registered](#a_013) ."

(3) Huang Yu Shan directly holds 400,000 shares of common stock and indirectly in her capacity as a director of Capital Growth Fund LPF 106,000
shares of common stock, for an aggregate amount of 506,000 shares of Common Stock.

**Item 5.** **Directors and Executive Officers.**

Set forth below are the present directors, director nominees and executive officers of the Company. There are no other persons who have been nominated or chosen to become directors nor are there any other persons who have been chosen to become executive officers. There are no arrangements or understandings between any of the directors, officers and other persons pursuant to which such person was selected as a director or an officer. Directors are elected to serve until the next annual meeting of stockholders and until their successors have been elected and have qualified. Officers are appointed to serve until the meeting of the board of directors following the next annual meeting of stockholders and until their successors have been elected and qualified.

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Age** | **Age** | **Position** |
| Edwin Kai Ip Li |  | 64 | Chief Executive Officer, Director |
| LO Wai Lin |  | 53 | Chief Financial Officer and Director |
| Miky Yuk Chee WAN |  | 54 | Secretary |

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 ****

***Edwin Kai Ip Li***, age 64, was appointed to serve as our Chief Executive Officer and a director of the Company on February 6, 2025. Mr. Li has also served as the Managing Partner of World Capital Connections, LLC, a capital markets consulting firm, since May 2014, and a director of Friendland Global Capital, a global investment fund company, since July 2012. Mr. Li received his diploma in Hospitality Administration from Haking Wong Technical Institute in Hong Kong in 1980. Mr. Li brings to our board his deep experience in business development in the capital markets industry.

***LO Wai Lin***, aged 53, was appointed to serve as our Chief Financial Officer, Secretary and Director on June 15, 2024. Ms. Lo has served as a senior executive at Kenny Lam Solicitors since September 2023. From May 2012 to August 2023, Ms. Lo was a senior executive at Lam Pui King & Company Solicitors. Ms. Lo graduated from Tung Wah Group of Hospitals Mrs. Fung Wong Fung Ting College in 1989. Ms. Lo brings to our board her deep expertise in strategic leadership, organizational transformation, and driving innovation in cross-functional teams.

***Miky Yuk Chee WAN***, age 54, was appointed to serve as our Secretary on July 23, 2024. Ms. Wan has served as the director of Cosmos Management Consultancy Limited since 2016, the Project Director of Messis Global Limited since 2024, the Chairman of the Board of Cosmos Links International Holding Limited since 2014 and the Chief Executive Officer of Asia Cosmos Wealth Management Limited since 2007. From February 19, 2016 to June 28, 2021, Ms. Wan served in various executive officer positions with Cosmos Group Holdings Inc. (COSG: OTCID). From 2005 to 2010, she served as the Chief Executive Officer of New Century International Insurance Advisory Limited. From 2003 to 2005, Ms. Wan served as a Manager of Financial Planning of CMG Asia. Prior to that time, Ms. Wan served as a Senior Manager from Fortis Bank in Hong Kong and a Manager at First Pacific Bank in Hong Kong. Ms. Wan received her Master of Business and Bachelor of Business Administration from University of Sunderland, Diploma of Business Administration from Hang Seng Management College (formerly known as Hang Seng School of Commerce) and her Higher Certificate on Business Studies in Banking from the Hong Kong Polytechnic University. Ms. Wan brings to our board deep experience and understanding of the finance and banking industries.

**Family Relationships**

There is no family relationship between any director, executive officer or person nominated to become a director or executive officer.

**Involvement in Certain Legal Proceedings**

No executive officer or director is a party in a legal proceeding adverse to us or our subsidiary or has a material interest adverse to us or our subsidiary.

No executive officer or director has been involved in the last ten years in any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Any bankruptcy petition filed by or against any business or property of such person, or of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

· Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

· Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;

· Being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

· Being the subject of or a party to any judicial or administrative order, judgment, decree or finding, not subsequently reversed, suspended or vacated relating to an alleged violation of any federal or state securities or commodities law or regulation, or any law or regulation respecting financial institutions or insurance companies, including but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail, fraud, wire fraud or fraud in connection with any business entity; or

· Being the subject of or a party to any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act, any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

***Composition of our Board of Directors***

 ****

Our Bylaws provide that the size of our board of directors shall consist of at least one and not more than seven individuals. Currently, we have three (3) directors. Our Bylaws may be amended, altered or repealed by our Board of Directors and or shareholders holding at least sixty-six and two-thirds percent of our outstanding voting power.

Our Bylaws also provide that our directors may be removed with or without cause by the affirmative vote of the holders of not less than sixty-six and two-thirds percent of the voting power of the issued and outstanding voting stock of the Corporation. An election of our directors by our stockholders will be determined by a majority of the votes cast by the stockholders entitled to vote on the election if a quorum is present.

We do not currently have a standing audit, nominating or compensation committee of the board of directors, or any committee performing similar functions. Our board of directors performs the functions of audit, nominating and compensation committees. As of the date of this report, no member of our board of directors qualifies as an "audit committee financial expert" as defined in Item 407(d)(5) of Regulation S-K promulgated under the Securities Act. We hope to attract a director who qualifies as an "audit committee financial expert" as our business operations mature.

Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company's requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors.

***Board Committees and Audit Committee Financial Expert***

We do not currently have a standing audit, nominating or compensation committee of the board of directors, or any committee performing similar functions. Our board of directors performs the functions of audit, nominating and compensation committees. As of the date of this report, no member of our board of directors qualifies as an "audit committee financial expert" as defined in Item 407(d)(5) of Regulation S-K promulgated under the Securities Act. We hope to attract a director who qualifies as an "audit committee financial expert" as our business operations mature.

Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company's requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors.

***Code of Ethics***

We have not yet adopted a code of ethics that applies to our principal executive officer, principal financial officer principal accounting officer or controller in light of our Company's current stage of development. We expect to adopt a code of ethics in the near future.

**Item 6.** **Executive Compensation.**

**Compensation Philosophy and Objectives**

Our executive compensation philosophy is to create a long-term direct relationship between pay and our performance. Our executive compensation program is designed to provide a balanced total compensation package over the executive's career with us. The compensation program objectives are to attract, motivate and retain the qualified executives that help ensure our future success, to provide incentives for increasing our profits by awarding executives when corporate goals are achieved and to align the interests of executives and long-term stockholders. The compensation package of our named executive officers consists of two main elements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. base salary for our executives that is competitive relative to the market, and that reflects individual performance, retention and other relevant considerations; and

2. discretionary bonus awards payable in cash and tied to the satisfaction of corporate objectives.

**Process for Setting Executive Compensation**

Until such time as we establish a Compensation Committee, our Board is responsible for developing and overseeing the implementation of our philosophy with respect to the compensation of executives and for monitoring the implementation and results of the compensation philosophy to ensure compensation remains competitive, creates proper incentives to enhance stockholder value and rewards superior performance. We expect to annually review and approve for each named executive officer, and particularly with regard to the Chief Executive Officer, all components of the executive's compensation. We process and factors (including individual and corporate performance measures and actual performance versus such measures) used by the Chief Executive Officer to recommend such awards. Additionally, we expect to review and approve the base salary, equity-incentive awards (if any) and any other special or supplemental benefits of the named executive officers.

The Chief Executive Officer periodically provides the Board with an evaluation of each named executive officer's performance, based on the individual performance goals and objectives developed by the Chief Executive Officer at the beginning of the year, as well as other factors. The Board provides an evaluation for the Chief Executive Officer. These evaluations serve as the bases for bonus recommendations and changes in the compensation arrangements of our named executives.

**Our Compensation Peer Group**

We currently engage in informal market analysis in evaluating our executive compensation arrangements. As the Company and its businesses mature, we may retain compensation consultants that will assist us in developing a formal benchmark and selecting a compensation peer group of companies similar to us in size or business for the purpose of comparing executive compensation levels.

**Program Components**

Our executive compensation program consists of the following elements:

**Base Salary**

Our base salary structure is designed to encourage internal growth, attract and retain new talent, and reward strong leadership that will sustain our growth and profitability. The base salary for each named executive officer reflects our past and current operating profits, the named executive officer's individual contribution to our success throughout his career, internal pay equity and informal market data regarding comparable positions within similarly situated companies. In determining and setting base salary, the Board considers all of these factors, though it does not assign specific weights to any factor. The Board generally reviews the base salary for each named executive officer on an annual basis. For each of our named executive officers, we review base salary data internally obtained by the Company for comparable executive positions in similarly situated companies to ensure that the base salary rate for each executive is competitive relative to the market.

***Discretionary Bonus***

The objectives of our bonus awards are to encourage and reward our employees, including the named executive officers, who contribute to and participate in our success by their ability, industry, leadership, loyalty or exceptional service and to recruit additional executives who will contribute to that success.

 

**Summary Compensation Table**

The following summary compensation table sets forth the aggregate compensation we paid or accrued during the fiscal years ended March 31, 2025 and 2024, to (i) our Chief Executive Officer (principal executive officer), (ii) our Chief Financial Officer (principal financial officer), (iii) our three most highly compensated executive officers other than the principal executive officer and the principal financial officer who were serving as executive officers on December 31, 2024, whose total compensation was in excess of $100,000, and (iv) up to two additional individuals who would have been within the two-other-most-highly compensated but were not serving as executive officers on December 31, 2024.

**SUMMARY COMPENSATION TABLE**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Name and Principal Position | Year | Salary(1) | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value and Non-qualified Deferred Compensation Earnings | All Other Compensation | Total |
| Edwin Kai Ip Li | 2025 | – | – | – | – | – | – | – | $– |
| Chief Executive Officer and Director (1) | 2024 | – | – | – | – | – | – | – | $– |
| LO Wai Lin | 2025 | 29484 | – | – | – | – | – | – | $29484 |
| Chief Financial Officer, Secretary and Director (2) | 2024 | – | – | – | – | – | – | – | $– |

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________________________

(1) Mr. Li joined us as our Chief Executive Officer and Director on February 6, 2025.

(2) Mr. Lo joined us as our Chief Financial Officer, Secretary and Director on June 15, 2024.

**Narrative Disclosure to Summary Compensation Table**

Except as set forth above, our officers did not receive compensation for their services. Mr. Lo received cash compensation of $29,484 during the year ended March 31, 2025 for his services as an officer of the Company. The officers are not parties to written compensation agreements. Future compensation terms will be mutually determined once the company achieves sufficient income.

**Equity Awards**

There are no options, warrants or convertible securities outstanding. At no time during the last fiscal year with respect to any of any of our executive officers was there:

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· any outstanding option or other equity-based award repriced or otherwise materially modified (such as by extension of exercise periods, the change of vesting or forfeiture conditions, the change or elimination of applicable performance criteria, or the change of the bases upon which returns are determined);

· any waiver or modification of any specified performance target, goal or condition to payout with respect to any amount included in non-stock incentive plan compensation or payouts;

· any option or equity grant;

· any non-equity incentive plan award made to a named executive officer;

· any nonqualified deferred compensation plans including nonqualified defined contribution plans; or

· any payment for any item to be included under All Other Compensation in the Summary Compensation Table.

 

**Director Compensation**

None of our directors received any compensation for their service as a director for the year ended March 31, 2025. We currently have no formal plan for compensating our directors for their services in their capacity as directors, although we may elect to issue stock options to such persons from time to time. All directors have agreed to defer remuneration until the company generates revenue. Future compensation terms will be determined and disclosed once the company achieves sufficient income. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors. Our board of directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director.

**Compensation Risk Management**

Our Board of directors and human resources staff conducted an assessment of potential risks that may arise from our compensation programs. Based on this assessment, we concluded that our policies and practices do not encourage excessive and unnecessary risk taking that would be reasonably likely to have material adverse effect on the Company. The assessment included our cash incentive programs, which awards non-executives with cash bonuses for punctuality. Our compensation programs are substantially identical among business units, corporate functions and global locations (with modifications to comply with local regulations as appropriate). The risk-mitigating factors considered in this assessment included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the alignment of pay philosophy, peer group companies and compensation amounts relative to local competitive practices to support our business objectives; and

· effective balance of cash, short- and long-term performance periods, caps on performance-based award schedules and financial metrics with individual factors and Board and management discretion.

**Compensation Committee Interlocks and Insider Participation**

We do not currently have a compensation committee and, for the year ended December 31, 2024, the compensation, if any, of our executive officers was recommended by our Chief Executive Officer and Chairman and such recommendations were approved by our board of directors. None of our executive officers currently serves as a member of the compensation committee or as a director with compensation duties of any entity that has executive officers serving on our board of directors. None of our executive officers has served in such capacity in the past 12 months.

**Item 7.** **Certain Relationships and Related Transactions, and Director Independence.**

Other than as disclosed below, there are no transactions during our two most recent fiscal years ended March 31, 2025, and March 31, 2024, or any currently proposed transaction, in which our Company was or to be a participant and the amount exceeds the lesser of $120,000 or one percent of the average of our Company's total assets at year-end for our last two completed years, and in which any of our directors, officers or principal stockholders, or any other related person as defined in Item 404 of Regulation S-K, had or have any direct or indirect material interest.

As of June 30, 2025, March 31, 2025 and 2024, the amount represented temporary advances made by a shareholder, Cosmos Links International Holding Ltd to the Company for capital expenditure and working capital purpose, which was unsecured, interest free and repayable on demand. The balance was $157,327, $313,903 and $0 as of March 31, 2025 and 2024, respectively.

From time to time, the directors of the Company advanced funds to the Company for capital expenditures and working capital purpose. Those temporary advances are unsecured, non-interest bearing and have no fixed terms of repayment. As of June 30, 2025, March 31, 2025 and 2024, the amount represented temporary advances to a related party, Mr. Lo Yiu Kwok, the director of the Company's subsidiary and a family member of Lo Wai Lin, our Chief Financial Officer and director, which was unsecured, interest-free and repayable on demand. The balance was $556,081, $484,505 and $0 as of March 31, 2025 and 2024, respectively. The balance is expected to be settled within the next 12 months.

The Company acquired 100% equity interest in ASN from Lo Yiu Kwok at the cash consideration of $5,000 during the year ended March 31, 2025, at its fair value.

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the periods or years presented.

**Director Independence**

Though not a listed company, we intend to adhere to the corporate governance standards adopted by NASDAQ. NASDAQ rules require our Board to make an affirmative determination as to the independence of each director. Consistent with these rules, our Board conducted its annual review of director independence. During the review, our Board considered relationships and transactions since incorporation between each director or any member of her immediate family, on the one hand, and us and our subsidiary and affiliates, on the other hand. The purpose of this review was to determine whether any such relationships or transactions were inconsistent with a determination that the director is independent. Based on this review, our Board determined that none of the current members of our Board are independent directors under the criteria established by NASDAQ and by our Board.

**Item 8.** **Legal Proceedings.**

We are not involved in any litigation that we believe could have a material adverse effect on our financial position or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers, threatened against or affecting our company or our officers or directors in their capacities as such.

**Item 9.** **Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters.**

**Market information.**

There is no established public trading market in our common stock, and a regular trading market may not develop, or if developed, may not be sustained. Our securities are quoted on the OTC Markets Pink under the symbol "ZICX". As of October 7, 2025, the closing bid price was $0.0003 per share.

---

| | | |
|:---|:---|:---|
|  | **Low** | **High** |
| **<u>Fiscal 2025</u>** |  |  |
| Quarter ended 6/30/2025 | $0.0051 | $0.0150 |
| Quarter ended 3/31/2025 | $0.0025 | $0.0350 |
| **<u>Fiscal 2024</u>** |  |  |
| Quarter ended 12/31/2024 | $0.0018 | $0.0030 |
| Quarter ended 9/30/2024 | $0.0022 | $0.0048 |
| Quarter ended 6/30/2024 | $0.0015 | $0.0024 |
| Quarter ended 3/31/2024 | $0.0016 | $0.0039 |
| **<u>Fiscal 2023</u>** |  |  |
| Quarter ended 12/31/2023 | $0.0015 | $0.0036 |
| Quarter ended 9/30/2023 | $0.0008 | $0.0033 |
| Quarter ended 6/30/2023 | $0.0007 | $0.0013 |
| Quarter ended 3/31/2023 | $0.0016 | $0.0039 |

---

**Holders**

As of October 9, 2025, there were 2,715,081 shares of Common Stock outstanding held by approximately 311 record holders.

***Dividends***

 ****

We have never paid cash dividends on any of our capital stock and currently intend to retain our future earnings, if any, to fund the development and growth of our business. We do not expect to pay any dividends on any of our capital stock in the foreseeable future.

***Stock Not Registered Under the Securities Act; Rule 144 Eligibility***

Our Common Stock has not been registered under the Securities Act. Accordingly, the shares of Common Stock issued and outstanding may not be resold absent registration under the Securities Act and applicable state securities laws or an available exemption thereunder.

***Rule 144***

 ****

Shares of our common stock that are restricted securities will be eligible for resale in compliance with Rule 144 ("**Rule 144**") of the Securities Act, subject to the requirements described below. "Restricted Securities," as defined under Rule 144, were issued and sold by us in reliance on exemptions from the registration requirements of the Securities Act. These shares may be sold in the public market only if registered or if they qualify for an exemption from registration, such as Rule 144. Below is a summary of the requirements for sales of our common stock pursuant to Rule 144, as in effect on the date of this Form 10, after the effectiveness of this Form 10.

*Affiliates*

Affiliates will be able to sell their shares under Rule 144 beginning 90 days after the effectiveness of this Form 10, subject to all other requirements of Rule 144. In general, under Rule 144, an affiliate would be entitled to sell within any three-month period a number of shares that does not exceed one percent of the number of shares of our common stock then outstanding. Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about us.

Persons who may be deemed to be our affiliates generally include individuals or entities that control, or are controlled by, or are under common control with, us and may include our directors and officers, as well as our significant stockholders.

*Non-Affiliates*

 

For a person who has not been deemed to have been one of our affiliates at any time during the 90 days preceding a sale, sales of our shares of common stock held longer than six months, but less than one year, will be subject only to the current public information requirement and can be sold under Rule 144 beginning 90 days after the effectiveness of this Form 10. A person who is not deemed to have been one of our affiliates at any time during the 90 days preceding a sale, and who has beneficially owned the shares proposed to be sold for at least one year, is entitled to sell the shares without complying with the manner of sale, public information, volume limitation or notice provisions of Rule 144 upon the effectiveness of this Form 10.

**Item 10.** **Recent Sales of Unregistered Securities.**

On June 7, 2024, The William A. Petty Living Trust ("Seller") and Lo Wai Lin ("Purchaser") entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which Seller agreed to sell, and Purchaser agreed to purchase, 100,000,000 shares of Series A Preferred Stock (the "Preferred A Shares") of Zicix Corporation, a Nevada corporation (the "Corporation") (representing 10,000 shares of Preferred A Shares on a post Reverse Split basis). Each share of the Series A Preferred Stock is convertible into 1000 shares of common stock, and holders of the Series A Preferred Stock are entitled to vote together with holders of the Common Stock on all matters submitted to a vote of the Common Stock holders. The sale and purchase transaction closed on June 15, 2024. As a result, a change in control of the Corporation occurred with the Purchaser becoming the controlling shareholder of the Corporation. The Purchaser is not a U.S. Person within the meaning of Regulations S. Accordingly, the securities were sold pursuant to the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, Regulation D and Regulation S promulgated thereunder.

Effective on the closing, Ellaire Petty, the sole executive officer and director of the Corporation resigned from all of her positions with the Corporation and the following individuals were appointed to the positions set forth next to their names:

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| | |
|:---|:---|
| Name | Position |
| THONG Wai Ping Kenneth | Chief Executive Officer, Director |
| LO Wai Lin | Chief Financial Officer, Secretary, and Director |
| LAI Chi Kwan Thomas | Director |

---

The foregoing description of the Stock Purchase Agreement is not complete and is qualified in its entirety by reference to the complete text of the Stock Purchase Agreement, which is incorporated herein by reference and attached hereto as Exhibit 10.1.

<u>Acquisition of ASN Zone One Limited</u>

On July 25, 2024, Zicix Corporation, a Nevada corporation (the "Corporation"), entered into that certain Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which the Corporation agreed to purchase from Lo Yiu Kwok ("Seller") 10,000 shares of ordinary stock of ASN Zone One Limited, a Hong Kong private limited company ("ASN"), constituting all of the issued and outstanding securities of ASN (the "ASN Securities"). The consideration for ASN Securities was Five Thousand Dollars and up to an aggregate amount of Six Hundred Thirty Million (630,000,000) shares of the Corporation's common stock, par value $0.00001, which shares are issuable upon the achievement of certain revenue based milestones (the "Earn Out Shares") occurring during the three year period following July 25, 2024 (the "Earn Out Period").

ASN, with its headquarters in Dubai, is dedicated to delivering a powerful Global Storage Network Platform, enabling businesses to optimize their logistics processes through a single platform, offering a variety of services, including Air Cargo, International Warehouse and Storage Box, Transportation. By leveraging its extensive network in Asia, Europe, and partners in Middle East , it provides end-to-end solutions that empower its clients to achieve their global expansion objectives. As a result, of the acquisition of ASN, the Corporation entered into the storage network business.

The foregoing description of the Stock Purchase Agreement between Seller, ASN and the Corporation is qualified in its entirety by the terms of the Stock Purchase Agreement attached hereto and incorporated herein as Exhibit 10.2.

**Item 11.** **Description of Registrant's Securities to be Registered.**

The following description summarizes the material terms of our capital stock as of the date of this registration statement. Because it is only a summary, it does not contain all the information that may be important to you. For a complete description of our capital stock, you should refer to our Amended and Restated Articles of Incorporation and our Bylaws, and to the provisions of applicable Nevada law.

**Common Stock**

We are authorized to issue up to 27,600, 000,000 shares of our common stock, par value $0.00001. Each share of common stock entitles the holder to one (1) vote on each matter submitted to a vote of our shareholders, including the election of Directors. There is no cumulative voting. Subject to preferences that may be applicable to any outstanding preferred stock, our Shareholders are entitled to receive ratably such dividends, if any, as may be declared from time to time by the Board of Directors. Shareholders have no preemptive, conversion or other subscription rights. There is no redemption or sinking fund provisions related to the common stock. In the event of liquidation, dissolution or winding up of the Company, our Shareholders are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding.

**Preferred Stock**

We are authorized to issue up to 400,000,000 shares of preferred stock, par value $0.00001, issuable in one or more series as may be determined by the Board. Preferred Stock may be issued from time to time in one or more series as determined by the Board of Directors in its sole discretion.

*Series A Preferred Stock*

On June 13, 2019, the Company designated 100,000,000 shares of Preferred Stock to be Series A Preferred Stock, par value $0.0001. The par value was changed to $0.00001 on June 11, 2024. The terms of the Series A Preferred Stock were amended and restated effective June 16, 2025, to the following:

*<u>Voting</u>*. The Series A Preferred Stock has the following voting rights: each share of Series A Preferred Stock shall entitle the holder thereof to 1000 votes on all matters submitted to a vote of our shareholders.

 

*<u>Dividends and Distributions</u>*. Subject to the rights of the holders of any shares of any series of our preferred stock ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of shares of our common stock and of any other junior stock, shall be entitled to receive, when, as and if declared by our Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on or about the first day of January, April, July and October in each year. To date, no such dividend has been declared by our Board of Directors.

 

*<u>Liquidation Preference</u>*. Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Corporation, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock unless, prior thereto, the holders of shares of Series A Preferred Stock shall have received $1.00 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the "Series A Liquidation Preference"). Following the payment of the full amount of the Series A Liquidation Preference, holders of Series A Preferred Stock and holders of shares of our common stock shall receive their ratable and proportionate share of the remaining assets of our company.

 

*<u>Conversion</u>*. At any time after a holding period of one day from the date of issuance, the Series A Preferred Stock may be converted to shares of our common stock at a ratio of one (1) share of Series A Preferred Stock to 1000 shares of common stock.

*Series B Convertible Preferred Stock*

On June 10, 2020, the Company designated 50,000,000 shares of Preferred Stock to be Series B Preferred Stock, par value $0.001. The par value was changed to $0.00001 on June 11, 2024. No shares of Series B Preferred Stock were ever issued.

*<u>Voting</u>*. Holders of Series B Preferred Stock are not entitled to vote on matters submitted to a vote of our shareholders.

 

*<u>Dividends and Distributions</u>*. Subject to the rights of the holders of any shares of any series of our preferred stock ranking prior and superior to the Series B Preferred Stock with respect to dividends, the holders of shares of Series B Preferred Stock, in preference to the holders of shares of our common stock and of any other junior stock, shall be entitled to receive, when, as and if declared by our Board of Directors, dividends out of funds legally available for the purpose. To date, no such dividend has been declared by our Board of Directors.

*<u>Liquidation Preference</u>*. Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Corporation, the holders of Series B Preferred Stock shall be entitled to $0.001 per share, plus accrued and unpaid dividends, if any. No distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series B Preferred Stock unless, prior thereto, the holders of shares of Series A Preferred Stock shall have received their liquidation preference payments. Following the payment of the full amount of the Series A Liquidation preference payments and the payments to due to the holders of the Series B Preferred Stock, holders of shares of our common stock shall receive their ratable and proportionate share of the remaining assets of our company.

 

*<u>Conversion</u>*. At any time after a holding period of one day from the date of issuance, the Series B Preferred Stock may be converted to shares of our common stock at a ratio of one (1) share of Series B Preferred Stock to 4 shares of common stock. This conversion ratio is subject to adjustment upon the issuance by the Company of common stock or securities convertible into common stock at a price that is below the then current market price, as more fully described in the Certificate of Designation of the Series B Convertible Preferred Stock.

**Options**

We have no options to purchase shares of our common stock or any other of our securities outstanding as of the date of this registration statement.

**Warrants**

We have no warrants to purchase shares of our common stock or any other of our securities outstanding as of the date of this registration statement.

**Dividends**

Dividends, if any, will be contingent upon our revenues and earnings, if any, capital requirements and financial conditions. The payment of dividends, if any, will be within the discretion of our board of directors. We intend to retain earnings, if any, for use in its business operations and accordingly, the board of directors does not anticipate declaring any dividends in the foreseeable future.

**Transfer Agent and Registrar**

Our transfer agent is Transfer Online located at 512 SE Salmon Street, Portland Oregon 97214-3444, 2<sup>nd</sup> Floor, telephone number is 503-227-2950.

**Anti-takeover Effects of Our Amended and Restated Articles of Incorporation and Bylaws.** 

Our Amended and Restated Articles of Incorporation and Bylaws contain certain provisions that may have anti-takeover effects, making it more difficult for or preventing a third party from acquiring control of the Company or changing our board of directors and management. According to our bylaws and articles of incorporation, neither the holders of our common stock nor the holders of our preferred stock have cumulative voting rights in the election of our directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *Board of Directors Vacancies*. Our Amended and Restated Articles of Incorporation and bylaws authorize only our board of directors to fill vacant directorships, including newly created seats. In addition, the number of directors constituting our board of directors is permitted to be set only by a resolution adopted by the board of directors. These provisions would prevent a stockholder from increasing the size of our board of directors and then gaining control of our board of directors by filling the resulting vacancies with its own nominees. This makes it more difficult to change the composition of our board of directors but promotes continuity of management.

· *Director Removals*. Our Bylaws provide that directors can be removed with or without cause by the affirmative vote of the holders of not less than sixty-six and two-thirds percent of the voting power of the issued and outstanding stock entitled to vote at an election of directors. This makes it more difficult to change the composition of the Board.

· *Special Meeting of Stockholders*. Our bylaws provide that special meetings of our stockholders may be
called by holders or more than twenty five percent (25%) of the shares entitled to vote at a meeting of stockholders, the Chairman of
the Board, the Chief Executive Officer, or if there be no Chairman of the Board and no Chief Executive Officer, the President, or the
Secretary upon the written request of at least a majority of the authorized number of directors.

· *No Cumulative Voting*. The Nevada Revised Statutes provide that stockholders are not entitled to the right to cumulate votes in the election of directors unless a corporation's certificate of incorporation provides otherwise. Our Amended and Restated Articles of Incorporation and Bylaws do not provide for cumulative voting. The combination of the present ownership by a few stockholders of a significant portion of our issued and outstanding common stock and lack of cumulative voting makes it more difficult for other stockholders to replace our board of directors or for a third party to obtain control of the Company by replacing its board of directors.

· *Issuance of "Blank Check" Preferred Stock*. Our board of directors has the authority, without further action by the stockholders, to issue up to 400,000,000 shares of "blank check" preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of preferred stock enables our board of directors to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest, or otherwise;

· *Bylaws Amendments Without Stockholder Approval*. Our Amended and Restated Articles provide our directors with the power to adopt, amend or repeal our bylaws without stockholder approval;

· *Broad Indemnity*. We are permitted to indemnify directors and officers against losses that they may incur in investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures. This provision may make it more difficult to remove directors and officers and delay a change in control of our management.

**Anti-takeover Effects of Nevada Law**

**Business Combinations**

The "business combination" provisions of Sections 78.411 to 78.444, inclusive, of the Nevada Revised Statutes, or NRS, generally prohibit a Nevada corporation with at least 200 stockholders from engaging in various "combination" transactions with any interested stockholder for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the transaction is approved by the board of directors prior to the date the interested stockholder obtained such status; and extends beyond the expiration of the three-year period, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the transaction was approved by the board of directors prior to the person becoming an interested stockholder or is later approved by a majority of the voting power held by disinterested stockholders, or

· if the consideration to be paid by the interested stockholder is at least equal to the highest of: (a) the highest price per share paid by the interested stockholder within the three years immediately preceding the date of the announcement of the combination or in the transaction in which it became an interested stockholder, whichever is higher, (b) the market value per share of common stock on the date of announcement of the combination and the date the interested stockholder acquired the shares, whichever is higher, or (c) for holders of preferred stock, the highest liquidation value of the preferred stock, if it is higher.

A "combination" is generally defined to include mergers or consolidations or any sale, lease exchange, mortgage, pledge, transfer or other disposition, in one transaction or a series of transactions, with an "interested stockholder" having: (a) an aggregate market value equal to 5% or more of the aggregate market value of the assets of the corporation, (b) an aggregate market value equal to 5% or more of the aggregate market value of all outstanding shares of the corporation, (c) 10% or more of the earning power or net income of the corporation, and (d) certain other transactions with an interested stockholder or an affiliate or associate of an interested stockholder.

In general, an "interested stockholder" is a person who, together with affiliates and associates, owns (or within three years, did own) 10% or more of a corporation's voting stock. The statute could prohibit or delay mergers or other takeover or change in control attempts and, accordingly, may discourage attempts to acquire our company even though such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing market price.

Our Amended and Restated Articles of Incorporation state that we have elected not to be governed by the "business combination" provisions.

**Control Share Acquisitions**

The "control share" provisions of Sections 78.378 to 78.3793, inclusive, of the NRS apply to "issuing corporations," which are Nevada corporations with at least 200 stockholders, including at least 100 stockholders of record who are Nevada residents, and which conduct business directly or indirectly in Nevada. The control share statute prohibits an acquirer, under certain circumstances, from voting its shares of a target corporation's stock after crossing certain ownership threshold percentages, unless the acquirer obtains approval of the target corporation's disinterested stockholders. The statute specifies three thresholds: one-fifth or more but less than one-third, one-third but less than a majority, and a majority or more, of the outstanding voting power. Generally, once an acquirer crosses one of the above thresholds, those shares in an offer or acquisition and acquired within 90 days thereof become "control shares" and such control shares are deprived of the right to vote until disinterested stockholders restore the right.

These provisions also provide that if control shares are accorded full voting rights and the acquiring person has acquired a majority or more of all voting power, all other stockholders who do not vote in favor of authorizing voting rights to the control shares are entitled to demand payment for the fair value of their shares in accordance with statutory procedures established for dissenters' rights.

The effect of the Nevada control share statutes is that the acquiring person, and those acting in association with the acquiring person, will obtain only such voting rights in the control shares as are conferred by a resolution of the disinterested stockholders at an annual or special meeting. The Nevada control share law, if applicable, could have the effect of discouraging takeovers of our company.

A corporation may elect to not be governed by, or "opt out" of, the control share provisions by making an election in its articles of incorporation or bylaws, provided that the opt-out election must be in place on the 10th day following the date an acquiring person has acquired a controlling interest, that is, crossing any of the three thresholds described above. Our Amended and Restated Articles of Incorporation state that we have elected not to be governed by the "control share" provisions.

**Item 12.** **Indemnification of Directors and Officers.**

Subsection 7 of Section 78.138 of the Nevada Revised Statutes (the "Nevada Law") provides that, subject to certain very limited statutory exceptions, a director or officer is not individually liable to the corporation or its stockholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer, unless it is proven that the act or failure to act constituted a breach of his or her fiduciary duties as a director or officer and such breach of those duties involved intentional misconduct, fraud or a knowing violation of law. The statutory standard of liability established by Section 78.138 controls even if there is a provision in the corporation's articles of incorporation unless a provision in the Company's Articles of Incorporation provides for greater individual liability.

Subsection 1 of Section 78.7502 of the Nevada Law empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise (any such person, a "Covered Person"), against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the Covered Person in connection with such action, suit or proceeding if the Covered Person is not liable pursuant to Section 78.138 of the Nevada Law or the Covered Person acted in good faith and in a manner the Covered Person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceedings, had no reasonable cause to believe the Covered Person's conduct was unlawful.

Subsection 2 of Section 78.7502 of the Nevada Law empowers a corporation to indemnify any Covered Person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in the capacity of a Covered Person against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by the Covered Person in connection with the defense or settlement of such action or suit, if the Covered Person is not liable pursuant to Section 78.138 of the Nevada Law or the Covered Person acted in good faith and in a manner the Covered Person reasonably believed to be in or not opposed to the best interests of the Company. However, no indemnification may be made in respect of any claim, issue or matter as to which the Covered Person shall have been adjudged by a court of competent jurisdiction (after exhaustion of all appeals) to be liable to the corporation or for amounts paid in settlement to the corporation unless and only to the extent that the court in which such action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances the Covered Person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.

Section 78.7502 of the Nevada Law further provides that to the extent a Covered Person has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in Subsection 1 or 2, as described above, or in the defense of any claim, issue or matter therein, the corporation shall indemnify the Covered Person against expenses (including attorneys' fees) actually and reasonably incurred by the Covered Person in connection with the defense.

Subsection 1 of Section 78.751 of the Nevada Law provides that any discretionary indemnification pursuant to Section 78.7502 of the Nevada Law, unless ordered by a court or advanced pursuant to Subsection 2 of Section 78.751, may be made by a corporation only as authorized in the specific case upon a determination that indemnification of the Covered Person is proper in the circumstances. Such determination must be made (a) by the stockholders, (b) by the board of directors of the corporation by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding, (c) if a majority vote of a quorum of such non-party directors so orders, by independent legal counsel in a written opinion, or (d) by independent legal counsel in a written opinion if a quorum of such non-party directors cannot be obtained.

Subsection 2 of Section 78.751 of the Nevada Law provides that a corporation's articles of incorporation or bylaws or an agreement made by the corporation may require the corporation to pay as incurred and in advance of the final disposition of a criminal or civil action, suit or proceeding, the expenses of officers and directors in defending such action, suit or proceeding upon receipt by the corporation of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that he or she is not entitled to be indemnified by the corporation. Subsection 2 of Section 78.751 further provides that its provisions do not affect any rights to advancement of expenses to which corporate personnel other than officers and directors may be entitled under contract or otherwise by law.

Subsection 3 of Section 78.751 of the Nevada Law provides that indemnification pursuant to Section 78.7502 of the Nevada Law and advancement of expenses authorized in or ordered by a court pursuant to Section 78.751 does not exclude any other rights to which the Covered Person may be entitled under the articles of incorporation or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action in his or her official capacity or in another capacity while holding his or her office. However, indemnification, unless ordered by a court pursuant to Section 78.7502 or for the advancement of expenses under Subsection 2 of Section 78.751 of the Nevada Law, may not be made to or on behalf of any director or officer of the corporation if a final adjudication establishes that his or her acts or omissions involved intentional misconduct, fraud or a knowing violation of the law and were material to the cause of action. Additionally, the scope of such indemnification and advancement of expenses shall continue for a Covered Person who has ceased to be a director, officer, employee or agent of the corporation, and shall inure to the benefit of his or her heirs, successors, assigns, executors, and legal representatives.

Section 78.752 of the Nevada Law empowers a corporation to purchase and maintain insurance or make other financial arrangements on behalf of a Covered Person for any liability asserted against such person and liabilities and expenses incurred by such person in his or her capacity as a Covered Person or arising out of such person's status as a Covered Person whether or not the corporation has the authority to indemnify such person against such liability and expenses.

Our Amended and Restated Articles of Incorporation provide that the liability of our directors and officers shall be eliminated or limited to the fullest extent permitted by Nevada Law. In addition, our Amended and Restated Articles of Incorporation and our Bylaws also provide that we will indemnify our directors and may indemnify our other officers and employees and other agents to the fullest extent permitted by law. Our Amended and Restated Articles of Incorporation and Bylaws provide that the expenses of directors and officers of the Company incurred in defending any action, suit or proceeding, whether civil, criminal, administrative or investigative, must be paid by the Company as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of such director or officer to repay all amounts so advanced if it is ultimately determined by a court of competent jurisdiction that the director or officer is not entitled to be indemnified by the Company.

This limitation of liability does not apply to liabilities arising under the federal securities laws and does not affect the availability of equitable remedies such as injunctive relief or rescission.

**Item 13.** **Financial Statements and Supplementary Data.**

The information required by this item may be found beginning on page F-1 of this Form 10.

**Item 14.** **Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.**

None

**Item 15.** **Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Financial Statements.** 

The following financial statements are filed as part of this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Exhibits.** 

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Amended and Restated Articles of Incorporation](zicix_ex0301.htm)\* |
| 3.2 | [Bylaws](zicix_ex0302.htm)\* |
| 4.1 | [Specimen certificate evidencing shares of Common Stock](zicix_ex0401.htm)\* |
| 10.1 | [Stock Purchase Agreement dated June 7, 2024, by and between The William A. Petty Living Trust and Lo Wai Lin](zicix_ex1001.htm).\* |
| 10.2 | [Stock Purchase Agreement dated July 25, 2024, by and between Zicix Corporation, a Nevada corporation, Lo Yiu Kwok ("Seller") and ASN Zone One Limited, a Hong Kong private limited company](zicix_ex1002.htm)\* |
| 10.3 | [Framework Agreement for Regional Market Cooperation in the Middle East, Africa and Asia, dated November 7, 2024, between ASN Zone One Limited and Shenzhen Qianhai Hengyunlian Technology Co., Ltd.](zicix_ex1003.htm)\* |
| 10.4 | [Tenancy Agreement, dated October 8, 2024, by and between Market Century Global Limited and ASN Zone One Limited](zicix_ex1004.htm)\* |
| 21 | [Subsidiaries](zicix_ex2100.htm)\* |

---

_______________________

**\*** Filed herewith

**ZICIX CORPORATION AND SUBSIDIARIES**

**INDEX TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

---

| | |
|:---|:---|
|  | **Page** |
| [Report of Independent Registered Public Accounting Firm](#a_021) (PCAOB ID: 7275) | F-2 |
| [Consolidated Balance Sheets](#a_022) | F-3 |
| [Consolidated Statements of Operations and Comprehensive Loss](#a_023) | F-4 |
| [Consolidated Statements of Cash Flows](#a_024) | F-5 |
| [Consolidated Statements of Changes in Stockholders' Deficit](#a_025) | F-6 |
| [Notes to Consolidated Financial Statements](#a_026) | F-7 – F-30 |

---

**INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(UNAUDITED)**

---

| | |
|:---|:---|
|  | **Page** |
| [Condensed Consolidated Balance Sheets](#a_100) | F-31 |
| [Condensed Consolidated Statements of Operations and Comprehensive Loss](#a_101) | F-32 |
| [Condensed Consolidated Statements of Cash Flows](#a_102) | F-33 |
| [Condensed Consolidated Statements of Changes in Stockholders' Deficit](#a_103) | F-34 |
| [Notes to Condensed Consolidated Financial Statements](#a_104) | F-35 – F-52 |

---

![](image_189.jpg)

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Stockholders of Zicix Corporation

**Opinion on the Financial Statements**

We have audited the accompanying consolidated financial statements of Zicix Corporation (the "Company") and its wholly owned subsidiary, which comprise the consolidated balance sheets as of March 31, 2025 and March 31, 2024, and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for each of the two years then ended, including 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 Zicix Corporation and its subsidiary as of March 31, 2025 and March 31, 2024, and the results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP).

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

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has incurred recurring operating losses, has a working-capital deficit, and has limited sources of revenue, which raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

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

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

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

**Critical Audit Matters**

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

Aloba, Awomolo & Partners – PCAOB ID #7275

October 14, 2025

We have served as the Company's auditor since 2025.

Ibadan, Nigeria

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $89980 | $– |
| &nbsp;&nbsp;&nbsp;Inventories, net | 72914 |  |
| &nbsp;&nbsp;&nbsp;Rental deposit | 89871 |  |
| &nbsp;&nbsp;&nbsp;Amount due from a related party | 484505 |  |
| &nbsp;&nbsp;&nbsp;Prepayments and other current assets | 59934 |  |
| &nbsp;&nbsp;&nbsp;Assets held by discontinued operations | – | 92760 |
| Total current assets | 797204 | 92760 |
| Non-current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Plant and equipment, net | 101218 |  |
| &nbsp;&nbsp;&nbsp;Right-of-use assets, net | 472803 |  |
| &nbsp;&nbsp;&nbsp;Assets held by discontinued operations | – | 834559 |
| Total non-current assets | 574021 | 834559 |
| **TOTAL ASSETS** | $1371225 | $927319 |
| **LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accrued liabilities and other payables | $265425 | $– |
| &nbsp;&nbsp;&nbsp;Amount due to a shareholder | 313903 |  |
| &nbsp;&nbsp;&nbsp;Current portion of bonds payable | 231210 |  |
| &nbsp;&nbsp;&nbsp;Current portion of convertible debts | 483107 |  |
| &nbsp;&nbsp;&nbsp;Current portion of lease liabilities | 226762 |  |
| &nbsp;&nbsp;&nbsp;Current liabilities held by discontinued operations | – | 393924 |
| Total current liabilities | 1520407 | 393924 |
| Non-current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Convertible promissory note payable | 252242 |  |
| &nbsp;&nbsp;&nbsp;Bonds payable, net of current portion | 84004 |  |
| &nbsp;&nbsp;&nbsp;Convertible debts, net of current portion | 899305 |  |
| &nbsp;&nbsp;&nbsp;Lease liabilities, net of current portion | 286349 | – |
| Total non-current liabilities | 1521900 | – |
| **TOTAL LIABILITIES** | 3042307 | 393924 |
| Commitments and contingencies |  |  |
| **STOCKHOLDERS' (DEFICIT) EQUITY** |  |  |
| Series A Preferred stock, par value $0.00001, 100,000,000 shares authorized, issued and outstanding as of March 31, 2025 and 2024, respectively <sup>#</sup> | 1000 | 1000 |
| Common stock, par value $0.00001, 14,000,000,000 and 1,600,000,000 shares authorized as of March 31, 2025 and 2024, respectively, 1,248,969 and 91,602 shares issued and outstanding as of March 31, 2025 and 2024, respectively <sup>#</sup> | 13 | 1 |
| Shares to be issued, par value $0.00001, 1,380,000 and 0 shares to be issued as of March 31, 2025 and 2024, respectively | 138000 |  |
| Additional paid-in capital | 2645862 | 1552049 |
| Accumulated other comprehensive loss | (3898) |  |
| Accumulated deficit | (4314073) | (1019655) |
| &nbsp;&nbsp;&nbsp;Stockholders' (deficit) equity | (1671082) | 533395 |
| **TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY** | $1371225 | $927319 |

---

 

<sup>#</sup> The share amounts are presented on a retroactive basis, giving effect to the change of par value and 1-for-10,000 reverse split (see Note 1).

See accompanying notes to consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS**

**(Currency expressed in United States Dollars ("US$"))**

---

| | | |
|:---|:---|:---|
|  | Years ended March 31, | Years ended March 31, |
|  | 2025 | 2024 |
| **Revenue, net** | $70068 | $– |
| Cost of revenue | (15170) | – |
| Gross profit | 54898 |  |
| **Operating expenses:** |  |  |
| &nbsp;&nbsp;General and administrative expenses | (864406) | (4460) |
| &nbsp;&nbsp;Total operating expenses | (864406) | (4460) |
| Loss from continuing operation | (809508) | (4460) |
| **Other income (expenses):** |  |  |
| &nbsp;&nbsp;Interest income | 133 |  |
| &nbsp;&nbsp;Impairment loss on goodwill | (1376083) |  |
| &nbsp;&nbsp;Interest expenses on bonds payable, convertible debts and promissory note | (265144) |  |
| &nbsp;&nbsp;Interest on lease liabilities | (14678) |  |
| &nbsp;&nbsp;Change in fair value of convertible debts and promissory note | (53814) |  |
| &nbsp;&nbsp;Sundry income | 71910 | – |
| &nbsp;&nbsp;Total other expenses, net | (1637676) | – |
| **LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS** | (2447184) | (4460) |
| Income tax expenses | – | – |
| **NET LOSS FROM CONTINUING OPERATIONS** | (2447184) | (4460) |
| **Discontinued operations:** |  |  |
| Net loss from discontinued operations, net of tax | (847234) | (45958) |
| **NET LOSS** | $(3294418) | $(50418) |
| Other comprehensive loss: |  |  |
| – Foreign currency translation adjustments | (3898) | – |
| **COMPREHENSIVE LOSS** | $(3298316) | $(50418) |
| **Basic and diluted loss per share from:** |  |  |
| Continuing operations | $(2.83) | $(0.05) |
| Discontinued operations | $(0.98) | $(0.50) |
| **Weighted average common shares outstanding:** |  |  |
| Basic <sup>#</sup> | 864896 | 91602 |
| Diluted <sup>#</sup> | 864896 | 91602 |

---

# The share amounts are presented on a retroactive basis, giving effect to 1-for-10,000 reverse split (see Note 1).

See accompanying notes to consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Currency expressed in United States Dollars ("US$"))**

---

| | | |
|:---|:---|:---|
|  | Years ended March 31, | Years ended March 31, |
|  | 2025 | 2024 |
| **Cash flows from operating activities:** |  |  |
| Net loss | $(3294418) | $(50418) |
| Less: loss from discontinued operations | (847234) | (45958) |
| Loss from continuing operations | (2447184) | (4460) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;Depreciation of plant and equipment | 17242 |  |
| &nbsp;&nbsp;Amortization of right-of-use assets | 101141 |  |
| &nbsp;&nbsp;Amortization of debt discount (non-cash) | 155015 |  |
| &nbsp;&nbsp;Fair value change of convertible debts and promissory note | 53814 |  |
| &nbsp;&nbsp;Impairment loss on goodwill | 1376083 |  |
| &nbsp;&nbsp;Interest expenses on lease liabilities | 14678 |  |
| Change in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;Accrued liabilities and other payables | 389870 |  |
| &nbsp;&nbsp;Rental deposit | (89871) |  |
| &nbsp;&nbsp;Lease liabilities | (75581) |  |
| &nbsp;&nbsp;Inventories | (72914) |  |
| &nbsp;&nbsp;Prepayments and other current assets | 53743 | – |
| **Net cash used in operating activities – continuing operations** | (523964) | (4460) |
| **Net cash used in operating activities – discontinued operations** | (313839) | (4764) |
| **Net cash used in operating activities** | (837803) | (9224) |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;Purchase of plant and equipment | (15953) | – |
| **Net cash used in investing activities – continuing operations** | (15953) |  |
| **Net cash provided by investing activities – discontinued operations** | 31490 | – |
| **Net cash provided by investing activities** | 15537 | – |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;Proceeds from convertible promissory note | 200000 |  |
| &nbsp;&nbsp;Subscription proceeds from private placement | 780000 |  |
| &nbsp;&nbsp;Repayment of bonds payable and convertible debts | (121584) |  |
| &nbsp;&nbsp;Advance from a shareholder | 87215 |  |
| &nbsp;&nbsp;Advance to a related party | (29125) | – |
| **Net cash provided by financing activities – continuing operations** | 916506 |  |
| **Net cash provided by financing activities – discontinued operations** | – | 9099 |
| **Net cash provided by financing activities** | 916506 | 9099 |
| Foreign currency translation adjustments | (4260) | – |
| Net change in cash and cash equivalents | 89980 | (125) |
| **BEGINNING OF YEAR** | – | 125 |
| **END OF YEAR** | $89980 | $– |
| **SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:** |  |  |
| &nbsp;&nbsp;Cash paid for income taxes | $– | $– |
| &nbsp;&nbsp;Cash paid for interest | $97472 | $– |
| **NON-CASH INVESTING AND FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;Shares issued for services | $– | $3829 |
| &nbsp;&nbsp;Conversion of debts to common stock | $313839 | $– |

---

See accompanying notes to consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Series A Preferred stock | Series A Preferred stock | Common stock | Common stock | Shares to be issued | Shares to be issued | | | | |
|  | No. of<br>shares |<br>Amount | No. of<br>shares |<br>Amount | No. of<br>shares |<br>Amount |<br>Additional<br>paid-in<br>capital | Accumulated<br>other<br>comprehensive<br>loss |<br>Accumulated<br>deficit | Total<br>shareholders'<br>equity<br>(deficit) |
| Balance as of April 1, 2023 (restated) | 100000000 | $1000 | 87773 | $1 |  | $– | $1539444 | $– | $(969237) | $579984 |
| Shares issued for services |  |  | 3829 |  |  |  | 3446 |  |  | 3829 |
| Net loss for the year | – | – | – | – | – | – | – | – | (50418) | (50418) |
| Balance as of March 31, 2024 | 100000000 | $1000 | 91602 | $1 | – | $– | $1542890 | $– | $(1019655) | $533395 |
| Balance as of April 1, 2024 | 100000000 | $1000 | 91602 | $1 |  | $– | $1552049 | $– | $(1019655) | $533395 |
| Conversion of debts to common stock |  |  | 1162367 | 12 |  |  | 313827 |  |  | 313839 |
| Cancellation of shares |  |  | (5000) |  |  |  |  |  |  |  |
| Subscription proceeds from private placement |  |  |  |  | 1380000 | 14 | 779986 |  |  | 780000 |
| Foreign currency translation adjustments |  |  |  |  |  |  |  | (3898) |  | (3898) |
| Net loss for the year | – | – | – | – | – | – | – | – | (3294418) | (3294418) |
| Balance as of March 31, 2025 | 100000000 | $1000 | 1248969 | $13 | 13800000000 | $138000 | $2382992 | $(3898) | $(4314073) | $(1671082) |

---

<sup>#</sup> The share amounts are presented on a retroactive basis, giving effect to the change of par value and 1-for-10,000 reverse split (see Note 1).

See accompanying notes to consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**1. DESCRIPTION OF BUSINESS AND ORGANIZATION**

Zicix Corporation (the "Company") was formed in the State of Nevada on February 29, 1979. The Company changed its name from Bederra Corporation to ZiCIX Corporation on January 24, 2011.

The Company mainly engaged in the development and launch of a coupon redemption app for customers to download on smartphones and other devices in prior years in the U.S. Since March 2025, the Company decided to cease the coupon redemption app business.

Currently, the Company is principally engaged in the provision of trading of LED carriage boxes and components. ASN, with its headquarters in Dubai, is dedicated to delivering a powerful Global Storage Network Platform, enabling businesses to optimize their logistics processes through a single platform, offering a variety of services, including Air Cargo, International Warehouse and Storage Box. By leveraging its extensive network in Asia, Europe, and partners in the Middle East, it provides end-to-end solutions that empower its clients to achieve their global expansion objectives.

In April 2024, the Company and The William A. Petty Living Trust agreed to settle the total accrued liabilities and other payables of $265,585 and loan payable of $48,254 in the form of single convertible promissory note in the principal amount of $313,839. The convertible promissory note carried interest at 8% per annum, due on April 1, 2025, and was subject to conversion into shares of common stock at a conversion price of $0.27 per share. During the year ended March 31, 2025, the Company converted 1,162,367 shares of common stock to settle the promissory note.

On June 7, 2024, the William A. Petty Living Trust and Lo Wai Lin entered into Stock Purchase Agreement pursuant to which William A. Petty Living Trust agreed to sell 100,000,000 shares of Series A Preferred Stock (the "Preferred A Shares") of the Company to Lo Wai Lin for a consideration of $250,000 (representing 10,000 shares of Preferred A Shares on a post Reverse Split basis). Each share of the Series A Preferred Stock is convertible into 1000 shares of common stock, and holders of the Series A Preferred Stock are entitled to vote together with holders of the common stock on all matters submitted to a vote of the common stockholders. The transaction was completed on June 15, 2024. As a result, a change in control of the Company occurred with Lo Wai Lin becoming the controlling shareholder of the Company.

On June 11, 2024, the Company increased its authorized shares from 1,600,000,000 to 12,700,000,000 shares of common stock. Also, the Company approved and effected the change of par value of common stock from $0.001 to $0.00001 and Series A Preferred Stock from $0.0001 to $0.00001. All share and per share information in these consolidated financial statements have been retroactively adjusted for the years presented, unless otherwise indicated, to give effect to this par value change.

On July 1, 2024, the Company cancelled 5,000 shares of common stock due to the unpaid proceeds for the shares issued.

On July 25, 2024, the Company entered into Stock Purchase Agreement (the "Stock Purchase Agreement") with Lo Yiu Kwok ("Seller") to purchase 10,000 shares of ordinary stock of ASN Zone One Limited ("ASN"), a Hong Kong private limited company, constituting all of the issued and outstanding securities of ASN (the "ASN Securities"). The consideration for ASN Securities was $5,000 cash and up to an aggregate number of Sixty Three Thousand (63,000) shares of the Company's common stock, whose shares are issuable upon the achievement of certain revenue based on milestones (the "Earn Out Shares") occurring during the three years period following July 25, 2024 (the "Earn Out Period").

In July 2024, September 2024 and March 2025, the Company entered into subscription agreements with certain individuals under private placements, with the gross proceeds of $780,000 at the average market price of $0.5652 per share. Thereafter, the Company issued 1,380,000 shares of its common stock to these individuals in June 2025.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

On April 1, 2025, the Company approved a change in the Company's fiscal year end from December 31 to March 31, retrospectively effective for the fiscal year beginning April 1, 2023.

In April and May 2025, the Company entered into subscription agreements with an individual for 86,000 shares of its common stock, at the price of $5 per share, with the aggregate gross proceeds of $430,000, respectively.

On October 9, 2025, the Company received approval for a reverse split of its common shares at a ratio of 1-for-10,000. Upon the completion of the reverse split, the total number of issued and outstanding common shares was reduced by a corresponding proportion from 12,489,688,394 to 1,248,969 and the total number of outstanding shares of Preferred A Shares was reduced from 100,000,000 to 10,000 shares. All share and per share amounts have been retroactively adjusted to reflect the reverse split for all years presented.

Description of subsidiaries incorporated and controlled by the Company:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Background** | **Background** | **Ownership** |
| Aisling Network Group Limited | · | British Virgin Islands ("BVI") company | 100% owned by the Company |
| ("ANGL") | · | Incorporated on June 23, 2025 |  |
|  | · | Issued and outstanding 50,000 ordinary shares at US$1 par value |  |
|  | · | Investment holding |  |
| ASN Zone One Limited ("ASN") | · | Hong Kong company | 100% owned by the ANGL |
|  | · | Incorporated on August 11, 2014 |  |
|  | · | Issued and outstanding 10,000 ordinary shares for HK$10,000 |  |
|  | · | Provision of trading LED carriage boxes and components |  |

---

The Company and its subsidiaries are hereinafter referred to as (the "Company").

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

● Basis of Presentation

The accompanying consolidated financial statements are prepared in the United States Dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities Exchange Commission ("SEC").

● Use of Estimates and Assumptions

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the years presented. Significant accounting estimates reflected in the Company's consolidated financial statements include the allowance for expected credit losses, the useful lives of plant and equipment, impairment of long-lived assets and goodwill, revenue recognition, inventory obsolescence, allowance for deferred tax assets, uncertain tax position, fair value of convertible debts and promissory note and income tax provision.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Basis of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

● Business Combination

The Company follows Accounting Standards Codification ("ASC") ASC 805, *Business Combinations* ("ASC 805") and ASC 810, *Consolidation* ("ASC 810"). ASC 805 requires most identifiable assets, liabilities, non-controlling interests, and goodwill acquired in a business combination to be recorded at "fair value." The statement applies to all business combinations. Under ASC 805, all business combinations are accounted for by applying the acquisition method. Accounting for the resulting goodwill requires significant management estimates and judgment. Management performs periodic reviews of the carrying value of goodwill to determine whether events and circumstances indicate that an impairment in value may have occurred. A variety of factors could cause the carrying value of goodwill to become impaired. A write-down of the carrying value of goodwill could result in a non-cash charge, which could have an adverse effect on the Company's results of operations.

● Discontinued Operation

Since March 2025, the Company ceased and closed down the coupon redemption app business. Accordingly, the coupon redemption app business was considered as discontinued operation in the Company's consolidated balance sheets for all years presented. The operating results related to this line of business have been included in discontinued operations in the Company's consolidated statements of operations and comprehensive loss for all years presented.

● Foreign Currencies Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company has operations in Hong Kong and maintains the books and record in the local currency, Hong Kong Dollars ("HKD"), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC 830-30, *Translation of Financial Statement*, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of changes in stockholder's equity.

Translation of amounts from HKD into US$ has been made at the following exchange rates for the years ended March 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | March 31, 2025 | March 31, 2024 |
| Year-end HKD:US$ exchange rate | 7.7790 | 7.8423 |
| Annualized average HKD:US$ exchange rate | 7.7925 | 7.8241 |

---

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Cash and Cash Equivalents

Cash and cash equivalents consist primarily of cash in readily available checking and saving accounts. They consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts are approximately fair value due to the short maturity of these instruments. The Company maintains its bank accounts in Hong Kong.

● Inventories

Inventories are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs include hardware equipment which is purchased from the Company's suppliers as merchandized goods. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. During the years ended March 31, 2025 and 2024, the Company did not record allowance for obsolete inventories.

● Plant and Equipment

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

<u>Expected useful life</u> <br> Furniture and equipment 5 years <br> Leasehold improvements 5 years

Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterment which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized as other income or expense in the consolidated statements of operations.

● Impairment of Long-lived Assets

In accordance with the provisions of ASC Topic 360, *Impairment or Disposal of Long-Lived Assets*, all long-lived assets such as plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. Impairment loss on goodwill of $1,376,083 was recorded for the year ended March 31, 2025. No impairment loss on long-lived assets for the year ended March 31, 2024.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Segment Reporting

ASC 280, "*Segment Reporting*" ("ASC 280") establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in consolidated financial statements for details on the Company's business segments.

In accordance with FASB Accounting Standards Update ("ASU") No. 2023-07, *Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures*, the Company considered whether additional disclosures were required, including significant segment expenses and measures used by the chief operating decision maker ("CODM"), Mr. Edwin Kal Ip Li (a chief executive officer of the Company). However, the CODM evaluates the Company's performance based solely on consolidated financial results, and no additional measures or expense categories are used for internal decision-making.

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company's CODM, for making decisions, allocating resources and assessing performance, as the following reportable segments.

The operation of coupon redemption app business in United States of America ("U.S.") was discontinued and closed down in March 2025, in which this segment did not generate any revenue during the years ended March 31, 2025 and 2024. Based on the management's assessment, the Company determined that it has one reportable operating segment, as defined by ASC 280. For the years ended March 31, 2025 and 2024, all of the Company's revenues and assets are generated in Hong Kong. Therefore, no geographical segments are presented.

● Revenue Recognition

The Company adopted the ASU No. 2014-09, *Revenue from Contracts with Customers* (Topic 606) ("ASU 2014-09"). Under ASU 2014-09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

· identify the contract(s) with a customer;

· identify the performance obligations in the contract;

· determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer;

· allocate the transaction price to performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract.; and

· recognize revenue as the performance obligation is satisfied

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product and collection is reasonably assured. A performance obligation is a promise in a contract to transfer a distinct product or service to a customer. Most of the Company's contracts have a single performance obligation, and such fees are billed to the customer when the performance obligation is satisfied. The Company recognizes such revenue in the period when the amounts are determined to be fixed and the performance obligation is satisfied as the Company completes the obligations.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or providing services. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales taxes and other taxes are excluded from revenues.

*<u>Trading of goods</u>*

The Company generates most of its revenue from direct product sales. Revenue from direct trading sales is recognized when the customer obtains control of the product, which occurs at a point in time. Delivery occurs when the goods have been delivery to the specific location upon the agreed shipment terms Shipping term under Free On Board ("FOB"), the Company transferred the ownership of goods to customer and who is liable for goods damaged during shipping. The Company bills the invoices to customers together with the delivery and collects the receivables in a credit term of 30 days.

Generally, the Company enters into purchase orders with its customers which specify the rights of the parties, including product specifications, shipment terms and payment terms and sales prices to the customers are fixed with rebate and incentives to certain customers. The performance obligations in a given transaction are determined by the individual purchase orders with revenue recognized at the time that the performance obligations have been satisfied. Sales taxes and other similar taxes that the Company collects concurrently with revenue-producing activities are excluded from revenue. Variable considerations such as sales rebates, sales discounts, and sales returns are treated as a reduction of revenue in the same period the related revenue is recognized.

*<u>Principal vs Agent Considerations</u>*

In accordance with ASC 606, *Revenue Recognition: Principal Agent Considerations*, the Company evaluates the terms in the agreements with its channels and independent contractors to determine whether or not the Company acts as the principal or as an agent in the arrangement with each party respectively. The determination of whether to record the revenue on a gross or net basis depends upon whether the Company has control over the goods prior to transferring it. In general, the Company controls the products as it has the obligation to (i) fulfil the products delivery and (ii) bear any inventory risk as legal owners. In addition, when establishing the selling prices for delivery of the resale products, the Company has control to set its selling price to ensure it would generate profit for the products delivery arrangements. The Company believes that all these factors indicate that the Company is acting as a principal in this transaction. As a result, revenue from the sales of products is presented on a gross basis.

 

*<u>Disaggregation of Revenue</u>*

The following table summarizes revenue from contracts with customers, disaggregated by revenue source and the related segments, for the years ended March 31, 2025 and 2024:

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the years ended March 31, | For the years ended March 31, |
| <u>Type of revenue sources</u> | <u>Time of recognition</u> | 2025 | 2024 |
| Product sales | At a point in time | $70068 | $– |

---

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Leases

The Company adopts the ASU No. 2016-02, *Leases (Topic 842)* for all years presented. This standard requires lessees to recognize lease assets ("right-of-use") and related lease obligations ("lease liabilities") on the consolidated balance sheet for leases with terms in excess of twelve months. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities.

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use ("ROU") assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets.

ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized, based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. The Company depreciated the ROU assets on a straight-line basis from the lease commencement date to the earlier of the end of the useful life of the ROU assets or the end of the lease term. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

All of the Company's real estate leases are classified as operating leases and there was no lease with a duration of twelve months or less.

● Income Taxes

Income taxes are determined in accordance with the provisions of ASC 740, *Income Taxes* ("ASC 740"). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

For the years ended March 31, 2025 and 2024, the Company did not have any interest and penalties associated with tax positions. As of March 31, 2025 and 2024, the Company did not have any significant unrecognized uncertain tax positions.

The Company is subject to tax in local US and foreign jurisdictions. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Convertible Debts and Promissory Note

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC 815. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

● Net Loss per Share

The Company calculates net loss per share in accordance with ASC 260, *Earnings per Share*. Basic loss per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed similar to basic income 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.

● Comprehensive Loss

ASC 220, *Comprehensive Income*, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive loss as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive loss, as presented in the accompanying statements of changes in stockholders' (deficit) equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

● Pension Costs

The Company is required to make contribution to their employees under a government-mandated defined contribution pension scheme for its eligible full-times employees in Hong Kong. The Company is required to contribute a specified percentage of the participants' relevant income based on their ages and wages level. For the years ended March 31, 2025 and 2024, the contribution to the defined contribution plans was approximately $3,283 and $0, respectively.

● Related Parties

The Company follows the ASC 850-10, *Related Party* for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

● Commitments and Contingencies

The Company follows the ASC 450-20, *Contingencies,* to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company's financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business, financial position, and results of operations or cash flows.

● Fair Value of Measurement

The Company follows the guidance of the ASC 820-10, *Fair Value Measurements and Disclosures* ("ASC 820-10"), 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 | &nbsp;&nbsp;Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; |
| Level 2 | &nbsp;&nbsp;Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and |
| Level 3 | &nbsp;&nbsp;Inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. |

---

The carrying amounts of the Company's financial assets and liabilities, such as cash and cash equivalents, inventories, amount due from a related party, prepayments and other current assets, accrued liabilities and other payables, amount due to a shareholder approximate their fair values because of the short maturity of these instruments except for bonds payable, convertible debts and convertible promissory note (measured at Level 3, see Notes 12, 13 and 14).

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

● Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board ("FASB") or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption.

In November 2023, the FASB issued ASU No. 2023-07, *Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures*. The purpose of the update was to improve financial reporting by requiring disclosures of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and require retrospective application to all periods presented in the consolidated financial statements. Management is evaluating the impact on the Company's consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09)*, which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company's management does not believe the adoption of ASU 2023-09 will have a material impact on its consolidated financial statements and disclosures.

In March 2024, the FASB issued ASU No. 2024-02, which removes references to the Board's concepts statements from the FASB Accounting Standards Codification (the "Codification" or ASC). The ASU is part of the Board's standing project to make the Codification updates for technical corrections such as conforming amendments, clarifications to guidance, simplifications to wording or the structure of guidance, and other minor improvements." The Company's management does not believe the adoption of ASU 2024-02 will have a material impact on its consolidated financial statements and disclosures.

In November 2024, the FASB issued ASU No. 2024-03, *Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses*, which requires that an entity disclose, in the notes to financial statements, specified information about certain costs and expenses. The amendment in the ASU is intended to enhance the transparency and decision usefulness to better understand the major components of an entity's income statement. The amendments in this Update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of the new standard on its consolidated financial statements which is expected to result in enhanced disclosures.

Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have a material impact on the consolidated balance sheets, statements of operations and comprehensive loss and cash flows.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**3. GOING CONCERN UNCERTAINTIES**

The accompanying consolidated financial statements have been prepared using going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business.

As of March 31, 2025, the Company suffered net loss for the year of $3,294,418, working capital deficit of $723,203 and accumulated deficit of $4,314,073. The Company has funded its operations and capital expenditure primarily through its stockholders. The continuation of the Company as a going concern is dependent upon improving profitability and the continued financial support from its stockholders or external fund-raising through private placements. Management believes the existing stockholders will provide additional cash to meet with the Company's obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These raise substantial doubt about the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

**4. BUSINESS COMBINATION** 

On July 25, 2024, the Company entered into the Stock Purchase Agreement to acquire 100% equity interest in ASN for a cash consideration of $5,000. The purchase prices allocation is summarized as follows:

---

| | |
|:---|:---|
|  | As of July 25, 2024 |
| **Assets acquired:** |  |
| Plant and equipment, net | $102075 |
| Cash and cash equivalents | 36490 |
| Other assets | 567057 |
| Total assets acquired | 707622 |
| **Liabilities assumed:** |  |
| Bonds payable | (352004) |
| Convertible debts | (1211434) |
| Other liabilities | (515267) |
| Total liabilities assumed | (2078705) |
| Net liabilities acquired from ASN | (1371083) |
| Cash consideration paid | (5000) |
| Goodwill recognized | $1376083 |

---

This acquisition was accounted for as a business combination in accordance with ASC 805. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation.

In addition to the cash consideration, the Company agreed to make earnout payment upon the achievement of the milestones by its subsidiary, ASN. Details refer to Note 20.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

In accordance with ASC 350, *Goodwill – Intangibles and Other*, the Company performed an annual assessment for impairment as of March 31, 2025. Under this guidance, annual goodwill impairment testing is performed by comparing the estimated fair value of a reporting unit with its carrying amount. An impairment charge was determined as the difference between the carrying amount of the acquisition and the fair value of the reporting unit and was charged to impairment loss in the operating expense section of the consolidated statements of operations and other comprehensive loss. Hence, the Company recorded a goodwill impairment loss of $1,376,083 during the year ended March 31, 2025, due to the change of business activities from logistic service to trading business in LED carriage boxes and components.

**5. DISCONTINUED OPERATION**

In March 2025, the Company conducted a restructuring program to concentrate and allocate their resources to deploy and develop in the business of LED carriage boxes and components business. Therefore, the Company considered the strategic discontinuance of its coupon redemption app business and closed down the related operation since March 2025.

The assets and liabilities of coupon redemption app business unit have been accounted for as a discontinued operation in the Company's consolidated balance sheets for all years presented. The operating results related to this business unit have been included in discontinued operations in the Company's consolidated statements of operations and other comprehensive loss for all years presented.

The following table summarized the significant items included in loss from discontinued operations, net of tax in the consolidated statements of operations and comprehensive loss for the years ended March 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | Years Ended March 31, | Years Ended March 31, |
|  | 2025 | 2024 |
| Revenue, net | $– | $– |
| Cost of revenue | – | – |
| Gross profit |  |  |
| Operating expenses: |  |  |
| General and administrative expenses | – | (45958) |
| Total operating expenses | – | (45958) |
| Loss from discontinued operation |  | (45958) |
| Other expenses | (847234) | – |
| Total other expenses | (847234) | – |
| Loss before income tax from discontinued operation | (847234) | (45958) |
| Income tax expense | – | – |
| Net loss from discontinued operations, net of tax | $(847234) | $(45958) |

---

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

The following table summarized the carrying value of the significant classes of assets and liabilities classified as discontinued operations as of March 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Current assets: |  |  |
| Other current assets | $– | $92760 |
| Total current assets | – | 92760 |
| Non-current assets: |  |  |
| Plant and equipment, net |  | 8368 |
| Intangible assets, net |  | 258191 |
| Investment | – | 568000 |
| Total non-current assets | – | 834559 |
| Current liabilities: |  |  |
| Loan payable to a former director |  | 48254 |
| Accrued liabilities and other payables | – | 345670 |
|  | $– | $393924 |

---

**6. INVENTORIES, NET**

Inventories, net consisted of the following:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Finished goods - LED carriage components | $72914 | $– |

---

For the years ended March 31, 2025 and 2024, no allowance for inventory obsolescence was recorded by the Company.

**7. AMOUNT DUE FROM A RELATED PARTY**

As of March 31, 2025 and 2024, the amount represented temporary advances to a related party, Mr. Lo Yiu Kwok, the director of the Company's subsidiary, which was unsecured, interest-free and repayable on demand. The balance was $484,505 and $0 as of March 31, 2025 and 2024, respectively. The balance is expected to be settled within the next 12 months.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**8. PLANT AND EQUIPMENT, NET**

A summary of plant and equipment, net is as follows:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| At cost: |  |  |
| Furniture and equipment | $22442 | $– |
| Leasehold improvement | 100066 | – |
|  | 122508 |  |
| Less: accumulated depreciation | (21722) |  |
| Foreign currency translation difference | 432 | – |
|  | $101218 | $– |

---

Depreciation expense for the years ended March 31, 2025 and 2024 were $17,242 and $0, respectively.

**9. LEASES**

The Company entered into commercial operating leases with a third party for the use of office in Hong Kong. This lease has original terms of 3 years. This operating lease is included in "Right-of-use Assets" on the consolidated balance sheets and represent the Company's right to use the underlying assets during the lease term. The Company's obligation to make lease payments are included in "Lease liabilities" on the consolidated balance sheets.

Supplemental balance sheet information related to operating leases was as follows:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Operating lease: |  |  |
| Right-of-use assets, net | $472803 | $– |
| Lease liabilities: |  |  |
| Current lease liabilities | 226762 |  |
| Non-current lease liabilities | 286349 | – |
|  | $513111 | $– |

---

Operating lease expense for the years ended March 31, 2025 and 2024 was $101,141 and $0, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

Other supplemental information about the Company's operating lease, as of:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Weighted average discount rate | 8% | N/A |
| Weighted average remaining lease term (years) | 2.33 | N/A |

---

Operating lease commitments:

The following table summarizes the future minimum lease payments due under the Company's operating lease in the next three years, as of March 31, 2025:

---

| | |
|:---|:---|
| Year ending March 31, |  |
| 2026 | $264989 |
| 2027 | 227133 |
| 2028 | 75711 |
| Total minimum finance lease liabilities payment | 567833 |
| Less: imputed interest | (54722) |
| Future minimum lease liabilities | $513111 |

---

**10. SEGMENT REPORTING**

ASC 280, *Segment Reporting*, establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker ("CODM"), Mr. Edwin Kai Ip Li (a chief executive officer of the Company), for making decisions, allocating resources and assessing performance, as the following reportable segments.

- Trading of goods Trading of LED carriage boxes and components in Hong Kong <br>- App Development\* (presented as discontinued operations) Development and launch of a coupon redemption app for customers to download on smartphones and other devices in U.S.

The operation of coupon redemption app business was discontinued and closed down in March 2025, in which this segment did not generate any revenue during the years ended March 31, 2025 and 2024. Based on the management's assessment, the Company determined that it has one reportable operating segment, as defined by ASC 280. For the years ended March 31, 2025 and 2024, all of the Company's revenue and assets are locally generated in Hong Kong. Therefore, no geographical segments are presented.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Trading of goods | Trading of goods | App Development \* | App Development \* | Total | Total |
|  | Years Ended March 31, | Years Ended March 31, | Years Ended March 31, | Years Ended March 31, | Years Ended March 31, | Years Ended March 31, |
|  | 2025<br>US$ | 2024<br>US$ | 2025<br>US$ | 2024<br>US$ | 2025<br>US$ | 2024<br>US$ |
| **Revenue, net** |  |  |  |  |  |  |
| Product sales | 70068 | – | – | – | 70068 | – |
| Cost of revenue | (15170) | – | – | – | (15170) | – |
| **Gross profit** | 54898 | – | – | – | 54898 | – |
| **Total operating expenses** | (864406) | (4460) |  | (45958) | (864406) | (50418) |
| **Loss from operation** | (809508) | (4460) |  | (45958) | (809508) | (50418) |
| **Total other expense, net** | (1637676) | – | (847234) | – | (2484910) | – |
| **Loss from operations before income taxes** | (2447184) | (4460) | (847234) | (45958) | (3294418) | (50418) |
| **Income tax expenses** | – | – | – | – | – | – |
| **Segment loss** | (2447184) | (4460) | (847234) | (45958) | (3294418) | (50418) |

---

\* App development segment was discontinued and closed its business since March 2025.

**11. AMOUNT DUE TO A SHAREHOLDER**

As of March 31, 2025 and 2024, the amount represented temporary advances made by a shareholder, Cosmos Links International Holding Ltd to the Company for capital expenditure and working capital purpose, which was unsecured, interest free and repayable on demand. The balance was $313,903 and $0 as of March 31, 2025 and 2024, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**12. BONDS PAYABLE**

Bonds payable consisted of the following:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Principal amounts of bonds payable | $328043 | $– |
| Less: unamortized discounts | (12829) | – |
| Bonds payable, net | $315214 | $– |
| Representing: |  |  |
| Current portion | $231210 | $– |
| Non-current portion | 84004 | – |
|  | $315214 | $– |

---

These bonds were issued by the Company's subsidiary, ASN to certain third parties of an aggregate principal amount of $501,347 (HK$3,900,000) under the bond agreements, which carried interest at a rate of 8% per annum.

Bond A: Both annual interest and the principal amount became monthly payable after the seventh month of the bond agreements up to maturity date.

Bond B : Both annual interest and the full principal amount became payable in its entirety at the maturity date.

The debt discounts are amortized into interest expense using the effective interest method over the terms of the bonds. Interest expense in relation to bonds payable for the years ended March 31, 2025 and 2024 were $39,879 and $0, respectively.

**13. CONVERTIBLE DEBTS**

In May, October and November 2022 and March, May and June 2023, the Company's subsidiary, ASN issued eight (8) convertible debts of $528,343 (HK$4,110,000) aggregate principal amount, due in three to five years (the "Debts"). The Debts bear interest at a rate of 8.0% per annum, annually payable and will mature in October 2025, November 2025, March 2026, May 2026, June 2026 and May 2027.

The Debts Holders have the right to convert any or all of the principal and accrued interest on the Debts into shares of common stock of the Company on the closing of a listing for trading of the common stock of the Company on a national securities exchange offering (an "Uplist Offering"). If the Company can close an Uplist Offering, the conversion price shall be 70% of the per share offering price in the Uplist Offering.

Interest expense of convertible debts for the years ended March 31, 2025 and 2024 were $198,191 and $0, respectively.

The conversion derivative, associated with these convertible debts was accounted for as a liability in accordance with ASC 815-40. The conversion derivative liability was measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of conversion derivative liability in the consolidated statements of operations. The convertible debts are made up of the fair value of the embedded conversion option with a fair value, totaling $1,382,412 and $0, as of March 31, 2025 and 2024, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**14. CONVERTIBLE PROMISSORY NOTE PAYABLE**

In September 16, 2024, the Company issued one (1) convertible promissory note of $200,000 aggregate principal amount, due in two years (the "Note"), payable at maturity date of September 16, 2026.

The details of the Note are as follows:

Unless the Note is converted, the principal amounts of the Note, and accrued interest at the rate of 10% per annum, are payable of the issuance of the Note (the "Maturity Date").

The Note holder has the right to convert any or all of the principal and accrued interest on the Note into shares of common stock of the Company on the earlier of (i) 60 calendar days before the Maturity Date of the Note or (ii) the Company's issuance or sale of any equity securities on or before the Maturity Date, in one or a series of related bona fide transactions with any third party, yielding gross proceeds to the Company excess $1,000,000 or (iii) when the Company disposed more than 50% of the voting power of the Company, or immediate after the merge with an entity, in which the Company own less than 50% of equity after the merger. The conversion price shall be 80% of the per share of the fair market value of the Company's common stock.

The Company has the right to prepay all or any part of the Note without penalty upon five days prior written notice to the Note holder. The Note holder shall have five days after receipt of the written notice, to elect to convert all or part of the Note, at a conversion price to be determined mutually between the Company and Note holder.

Interest expense of the Note for the years ended March 31, 2025 and 2024 were $27,074 and $0, respectively.

The conversion derivative, associated with this promissory note was accounted for as a liability in accordance with ASC 815-40. The conversion derivative liability was measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of conversion derivative liability in the consolidated statements of operations. The convertible promissory note is made up of the fair value of the embedded conversion option with a fair value, as of March 31, 2025 of $252,242 and $0, respectively.

**15. STOCKHOLDERS' (DEFICIT) EQUITY**

*Authorized share*

The Company has 100,000,000 shares of Series A Preferred Stock authorized with a par value of $0.00001 per share.

The Company has 14,000,000,000 shares of Common Stock authorized with a par value of $0.00001 per share.

On June 11, 2024, the Company increased its authorized shares from 1,600,000,000 to 12,700,000,000 shares of common stock. Also, the Company approved and effected the change of par value of common stock from $0.001 to $0.00001 and Series A Preferred Stock from $0.0001 to $0.00001. All share amounts in these consolidated financial statements have been retroactively adjusted for the years presented, unless otherwise indicated, to give effect to this par value change.

As of March 31, 2025 and 2024, the Company had 14,000,000,000 and 1,600,000,000 shares of common stock authorized, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

*Preferred stock*

Series A Preferred Stock carries certain rights and privileges (including but not limited to the right to 100 votes per share) to vote on all matters that may come before the stockholders of the Company. Series A Preferred Stock subject to the right of the holders of any shares of any series of preferred stock ranking prior and superior to the Series A Preferred Stock, in preference to the holders of common stock and of any other junior stock shall be entitled to receive dividend. At any time after a holding period of one day from the date of issuance of Series A Preferred Stock, the holder may be converted to common stock at a ratio of 1 Series A Preferred Stock to 100 shares of common stock.

As of March 31, 2025 and 2024, the Company had 100,000,000 and 100,000,000 shares of Series A Preferred Stock issued and outstanding, respectively.

*Common stock*

In April 2024, the Company and The William A. Petty Living Trust agreed to convert total accrued liabilities and other payables of $265,585 and loan payable of $48,254 into a single convertible promissory note in the principal amount of $313,839. During the year ended March 31, 2025, the Company settled the debt by converting into 1,162,367 shares of its common stock at a conversion price of $0.27 per share.

On July 1, 2024, the Company cancelled 5,000 shares of common stock due to the unpaid proceeds for the shares issued.

On October 8, 2025, the Company received approval for a reverse split of its common shares at a ratio of 1-for-10,000. Upon the completion of the reverse split, the total number of issued and outstanding common shares was reduced by a corresponding proportion from 12,489,688,394 to 1,248,969. All share and per share amounts have been retroactively adjusted to reflect the reverse split for all years presented.

As of March 31, 2025 and 2024, the Company had 1,248,969 and 91,602 shares of common stock issued and outstanding, respectively.

*Shares to be issued*

In July 2024, September 2024 and March 2025, the Company entered into subscription agreements with certain individuals under private placements, with the gross proceeds of $780,000 at the average market price of $0.5652 per share. Thereafter, the Company issued 1,380,000 shares of its common stock to these individuals in June 2025.

As of March 31, 2025 and 2024, the Company had 1,380,000and 0 shares of common stock to be issued, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**16. NET LOSS PER SHARE**

The calculation of the basic and diluted net loss per share attributable to common stockholders of the Company is based on the following data (in dollars, except share data):

---

| | | |
|:---|:---|:---|
|  | For the years ended March 31, | For the years ended March 31, |
|  | 2025 | 2024 |
| Numerator: |  |  |
| Net loss from continuing operations | $(2447184) | $(4460) |
| Net loss from discontinued operations | (847234) | (45958) |
| Net loss attributable to common shareholders | $(3298418) | $(50418) |
| Denominator: |  |  |
| Weighted average common shares outstanding – Basic and diluted | 864896 | 91602 |
| Net loss per share: |  |  |
| Continuing operations – Basic and diluted <sup>#</sup> | $(2.83) | $(0.05) |
| Discontinued operations – Basic and diluted <sup>#</sup> | $(0.98) | $(0.50) |
| Net loss per share – Basic and diluted <sup>#</sup> | $(3.81) | $(0.55) |

---

<sup>#</sup> The share and per share amounts are presented on a retroactive basis, giving effect to 1-for-10,000 reverse split (see Note 1).

For the years ended March 31, 2025 and 2024, diluted weighted average common stock outstanding is equal to basic weighted average common stock due to the Company's net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive.

**17. INCOME TAX**

The provision for income taxes consisted of the following:

---

| | | |
|:---|:---|:---|
|  | Years ended March 31, | Years ended March 31, |
|  | 2025 | 2024 |
| Current tax | $– | $– |
| Deferred tax | – | – |
| Income tax expenses | $– | $– |

---

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company mainly operates in Hong Kong that is subject to taxes in the jurisdictions in which they operate, as follows:

*United States*

The Company is registered in the State of Nevada and is subject to the tax laws of United States of America. The U.S. Tax Cuts and Jobs Act (the "Tax Reform Act") was signed into law. The Company's policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the periods presented. Deferred tax asset is not provided for as the tax losses may not be able to carryforward after a change in substantial ownership of the Company.

For the years ended March 31, 2025 and 2024, there were no operating incomes.

*BVI*

Under the current BVI law, ANGL is not subject to tax on income.

*Hong Kong*

ASN operating in Hong Kong is subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits arising in Hong Kong during the current year, after deducting a tax concession for the tax year. The reconciliation of income tax expense to income (loss) at applicable tax rates for the years ended March 31, 2025 and 2024 is as follows:

---

| | | |
|:---|:---|:---|
|  | Years ended March 31, | Years ended March 31, |
|  | 2025 | 2024 |
| Loss before income taxes | $(2447184) | $(4460) |
| Statutory income tax rate | 16.5% | 16.5% |
| Income tax expense at statutory rate | (403785) | (754) |
| Tax effect of non-taxable items | (22) |  |
| Tax effect of non-deductible items | 261510 |  |
| Net operating losses | 142297 | 754 |
| Income tax expense | $– | $– |

---

As of March 31, 2024, the operations in Hong Kong incurred $$1,007,915 of cumulative net operating losses which can be carried forward to offset future taxable income. There is no expiry in net operating loss carryforwards under Hong Kong tax regime. The Company has provided for a full valuation allowance against the deferred tax assets of $166,306 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

The following table sets forth the significant components of the deferred tax assets of the Company as of March 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | As of March 31, | As of March 31, |
|  | 2025 | 2024 |
| Net operating losses carryforwards – Hong Kong tax regime | $166306 |  |
| Less: valuation allowance | (166306) | – |
| Deferred tax assets, net | $– | $– |

---

As of March 31, 2025 and 2024, the Company had no unrecognized tax benefits. Interest and penalty charges, if any, related to income taxes would be classified as a component of the provision for income taxes in the consolidated statements of operations. The Company does not expect any significant change in its uncertain tax positions in the next twelve months.

The Company filed income tax returns in the United States federal tax jurisdiction and several state tax jurisdictions. Since the Company is in a loss carryforward position, it is generally subject to examination by federal and state tax authorities for all tax years in which a loss carryforward is available.

**18. RELATED PARTY TRANSACTIONS**

From time to time, the directors of the Company advanced funds to the Company for capital expenditures and working capital purpose. Those temporary advances are unsecured, non-interest bearing and have no fixed terms of repayment.

<u>Nature of relationships with related parties</u>

<u>Name of related party</u> <u>Relationship with the Company</u> <br> Lo Yiu Kwok Family member of the Company's director and director of the Company's subsidiary

Related party balances consisted of the following:

---

| | | | |
|:---|:---|:---|:---|
|  |  | As of March 31, | As of March 31, |
| Name | Nature | 2025 | 2024 |
| Lo Yiu Kwok | Amount due from a related party | $484505 | $– |

---

Related party transactions consisted of the following:

The Company acquired 100% equity interest in ASN from a related party at the cash consideration of $5,000 during the year ended March 31, 2025, at its fair value.

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the years presented.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**19. CONCENTRATIONS OF RISKS** 

The Company is exposed to the following concentrations of risks:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Major
customer

For the year ended March 31, 2025, the Company has one single customer, who accounted for 100% of its total revenues.

For the year ended March 31, 2024, the Company has no single customer who accounted for 10% of its revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Major
vendor

For the year ended March 31, 2025, the Company has one single vendor, who accounted for 100% of its total cost of revenue.

For the year ended March 31, 2024, the Company has no single vendor who accounted for 100% of its total cost of revenue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Credit risk

Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and amount due from a related party. Cash equivalents are maintained with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $102,840) if the bank in Hong Kong with which an individual/a company hold its eligible deposit fails

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Economic and political risk

The Company's major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong's economy may influence the Company's business, financial condition, and results of operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Exchange rate risk

The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**20. COMMITMENTS AND CONTINGENCIES**

From time to time, the Company may be involved in various legal proceedings and claims in the ordinary course of business. The Company currently is not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition, operating results, or cash flows.

As of March 31, 2025 and 2024, the Company did not have any significant commitments and contingencies involved, except for the below:

Pursuant to the Stock Purchase Agreement dated July 25, 2024, the Company is required to issue to the Seller (Lo Yiu Kwok) to an aggregate of 63,000 shares of the Company's common stock, at a par value of $0.00001 upon the achievement of the milestones by its subsidiary, ASN during the three-years' period following July 25, 2024 ("Performance Period") below:

---

| | |
|:---|:---|
| **Annual revenue milestones (US$) during Performance Period** | **Number of shares issuable to the Seller** |
| Equal or above $500,000 and less than $1,000,000 | 12600 |
| Equal or above $1,000,000 and less than $2,000,000 | 37800 |
| Equal or above $2,000,000 | 63000 |

---

The Company is limited to issue a maximum of 63,000 shares of the Company's common stock as earnout shares. The earnout shares, if were issued, classified as equity in accordance with ASC 480 and ASC 815.

Subsequently, the Company's subsidiary, ASN did not meet with the minimum annual revenue of $500,000 as the performance milestone for the first year from July 26, 2024 to July 25, 2025 under the Performance Period, therefore no earnout shares were issued accordingly.

**21. SUBSEQUENT EVENTS**

In accordance with ASC Topic 855, "*Subsequent Events*", which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2025, up through the date the Company issued the audited consolidated financial statements.

In April and May 2025, the Company entered into subscription agreements with an individual for 86,000 shares of its common stock, at the price of $5 per share, with the aggregate gross proceeds of $430,000, respectively.

On June 2, 2025, the Company issued 1,466,000 shares of its common stock to certain individuals under the subscription agreements.

On June 18, 2025, the Certificate of Designation of the Series A Preferred Stock was amended and restated, among other things, to increase the voting rights and conversion ratio from 1:100 to 1:1000 such that the holder of one share of Series A Preferred Stock is entitled to vote 1000 shares of Common Stock, and each one share of Series A Preferred Stock is convertible into 1000 shares of Common Stock.

On October 9, 2025, the Company received approval for a reverse split of its common shares at a ratio of 1-for-10,000. Upon the completion of the reverse split, the total number of issued and outstanding common shares was reduced by a corresponding proportion from 12,489,688,394 to 1,248,969.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | As of | As of |
|  | June 30, 2025 | March 31, 2025 |
| **ASSETS** |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | $2716 | $89980 |
| Inventories, net | 72258 | 72914 |
| Rental deposit | 89062 | 89871 |
| Amount due from a related party | 556081 | 484505 |
| Prepayments and other current assets | 385799 | 59934 |
| Total current assets | 1105916 | 797204 |
| Non-current assets: |  |  |
| Plant and equipment, net | 99123 | 101218 |
| Right-of-use assets, net | 418348 | 472803 |
| Total non-current assets | 517431 | 574021 |
| **TOTAL ASSETS** | $1623387 | $1371225 |
| **LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY** |  |  |
| Current liabilities: |  |  |
| Accrued liabilities and other payables | $362914 | $265425 |
| Amount due to a shareholder | 157327 | 313903 |
| Current portion of bonds payable | 237164 | 231210 |
| Current portion of convertible debts | 1114519 | 483107 |
| Current portion of lease liabilities | 229246 | 226762 |
| Total current liabilities | 2101170 | 1520407 |
| Non-current liabilities: |  |  |
| Convertible promissory note payable | 280807 | 252242 |
| Bonds payable, net of current portion | 60656 | 84004 |
| Convertible debts, net of current portion | 390051 | 899305 |
| Lease liabilities, net of current portion | 232837 | 286349 |
| Total non-current liabilities | 964351 | 1521900 |
| **TOTAL LIABILITIES** | 3065521 | 3042307 |
| Commitments and contingencies |  |  |
| **STOCKHOLDERS' (DEFICIT) EQUITY** |  |  |
| Series A Preferred stock, par value $0.00001, 100,000,000 shares authorized, issued and outstanding as of June 30, 2025 and March 31, 2025, respectively | 1000 | 1000 |
| Common stock, par value $0.00001, 27,600,000,000 and 14,000,000,000 shares authorized as of June 30, 2025 and March 31, 2025, respectively, 2,714,968 and 1,248,969 shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively<sup>#</sup> | 27 | 13 |
| Shares to be issued, par value $0.00001, 0 and 1,380,000 shares to be issued as of June 30, 2025 and March 31, 2025, respectively |  | 138000 |
| Additional paid-in capital | 3075863 | 2645862 |
| Accumulated other comprehensive loss | (15368) | (3898) |
| Accumulated deficit | (4503655) | (4314073) |
| Stockholders' (deficit) equity | (1442134) | (1671082) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY** | $1623387 | $1371225 |

---

See accompanying notes to condensed consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS**

**(Currency expressed in United States Dollars ("US$"))**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | Three Months ended June 30, | Three Months ended June 30, |
|  | 2025 | 2024 |
| **Revenue, net** | $300869 | $– |
| Cost of revenue | (5601) | – |
| Gross profit | 295268 |  |
| **Operating expenses:** |  |  |
| &nbsp;&nbsp;General and administrative expenses | (273987) | (1303) |
| &nbsp;&nbsp;Total operating expenses | 21281 | (1303) |
| Income (loss) from operation | 21281 | (1303) |
| **Other income (expenses):** |  |  |
| &nbsp;&nbsp;Interest expenses on bonds payable, convertible debts and promissory note | (109266) |  |
| &nbsp;&nbsp;Interest on lease liabilities | (9295) |  |
| &nbsp;&nbsp;Change in fair value of convertible debts and promissory note | (103137) |  |
| &nbsp;&nbsp;Sundry income | 10835 | – |
| &nbsp;&nbsp;Total other expenses, net | (210863) | – |
| **LOSS BEFORE INCOME TAXES** | (189582) | (1303) |
| Income tax expenses | – | – |
| **NET LOSS** | (189582) | (1303) |
| Other comprehensive loss: |  |  |
| – Foreign currency translation adjustments | (11470) | – |
| **COMPREHENSIVE LOSS** | $(201052) | $(1303) |
| Loss per share |  |  |
| &nbsp;&nbsp;Basic \* | $(0.14) | $(0.01) |
| &nbsp;&nbsp;Diluted \* | $(0.14) | $(0.01) |
| **Weighted average common shares outstanding:** |  |  |
| &nbsp;&nbsp;Basic <sup>#</sup> | 1361429 | 91602 |
| &nbsp;&nbsp;Diluted <sup>#</sup> | 1361429 | 91602 |

---

<sup>#</sup> The share and per share amounts are presented on a retroactive basis, giving effect to 1-for-10,000 reverse split (see Note 1).

See accompanying notes to condensed consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Currency expressed in United States Dollars ("US$"))**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | Three Months ended June 30, | Three Months ended June 30, |
|  | 2025 | 2024 |
| **Cash flows from operating activities:** |  |  |
| Net loss | $(189582) | $(1303) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;Depreciation of plant and equipment | 6191 | 1303 |
| &nbsp;&nbsp;Amortization of right-of-use assets | 50570 |  |
| &nbsp;&nbsp;Amortization of debt discount (non-cash) | 70625 |  |
| &nbsp;&nbsp;Fair value change of convertible debts and promissory note | 103137 |  |
| &nbsp;&nbsp;Interest expenses on lease liabilities | 9295 |  |
| Change in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;Accrued liabilities and other payables | 97489 |  |
| &nbsp;&nbsp;Lease liabilities | (56686) |  |
| &nbsp;&nbsp;Prepayments and other current assets | (325865) | – |
| **Net cash used in operating activities** | (234826) |  |
| **Cash flows from investing activities:** |  |  |
| Purchase of plant and equipment | (4971) | – |
| **Net cash used in investing activities** | (4971) |  |
| **Cash flows from financing activities:** |  |  |
| Subscription proceeds from private placement | 430000 |  |
| Repayment of bonds payable | (21261) |  |
| Repayment to a shareholder | (156576) |  |
| Advance to a related party | (71576) | – |
| **Net cash provided by financing activities** | 180587 |  |
| Foreign currency translation adjustments | (28054) | – |
| Net change in cash and cash equivalents | (87264) |  |
| **BEGINNING OF PERIOD** | 89980 | – |
| **END OF PERIOD** | $2716 | $– |
| **SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:** |  |  |
| &nbsp;&nbsp;Cash paid for income taxes | $– | $– |
| &nbsp;&nbsp;Cash paid for interest | $6134 | $– |

---

See accompanying notes to condensed consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(Unaudited)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Series A Preferred stock | Series A Preferred stock | Common stock | Common stock | Share to be issued | Share to be issued | | | | |
|  | No. of<br>shares |<br>Amount | No. of<br>shares |<br>Amount | No. of<br>shares |<br>Amount |<br>Additional<br>paid-in<br>capital | Accumulated<br>other<br>comprehensive<br>loss |<br>Accumulated<br>deficit | Total<br>shareholders'<br>equity<br>(deficit) |
| Balance as of April 1, 2024 | 100000000 | $1000 | 91602 | $1 |  | $– | $1552049 | $– | $(1019655) | $533395 |
| Net loss | – | – | – | – | – | – | – | – | (1303) | (1303) |
| Balance as of June 30, 2024 | 100000000 | $1000 | 91602 | $1 | – | $– | $1552049 | $– | $(1020958) | $532092 |
| Balance as of April 1, 2025 | 100000000 | $1000 | 1248969 | $12 | 1380000 | $14 | $2645863 | $(3898) | $(4314073) | $(1671082) |
| Subscription under private placement |  |  | 86000 | 1 |  |  | 429999 |  |  | 430000 |
| Shares issued for private placement |  |  | 1380000 | 14 | (1380000) | (14) |  |  |  |  |
| Foreign currency translation adjustments |  |  |  |  |  |  |  | (11470) |  | (11470) |
| Net loss |  |  |  |  |  |  |  |  | (189582) | (189582) |
| Fractional shares from reverse split | - | - | 112 | - | - | - | - | - | - | - |
| Balance as of June 30, 2025 | 100000000 | $1000 | 2715081 | $27 | – | $– | $3075862 | $(15368) | $(4503655) | $(1442134) |

---

See accompanying notes to condensed consolidated financial statements.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**1. DESCRIPTION OF BUSINESS AND ORGANIZATION**

Zicix Corporation (the "Company") was formed in the State of Nevada on February 29, 1979. The Company changed its name from Bederra Corporation to ZiCIX Corporation on January 24, 2011.

The Company was mainly engaged in the development and launch of a coupon redemption app for customers to download on smartphones and other devices during 2024 and 2025. Since March 2025, the Company decided to cease the coupon redemption app business.

Currently, the Company is principally engaged in the provision of trading of LED carriage boxes and components. ASN, with its headquarters in Dubai, is dedicated to delivering a powerful Global Storage Network Platform, enabling businesses to optimize their logistics processes through a single platform, offering a variety of services, including Air Cargo, International Warehouse and Storage Box. By leveraging its extensive network in Asia, Europe, and partners in the Middle East, it provides end-to-end solutions that empower its clients to achieve their global expansion objectives.

On April 1, 2025, the Company approved a change in the Company's fiscal year end from December 31 to June 30, retrospectively effective for the fiscal year beginning April 1, 2023.

In April and May 2025, the Company entered into subscription agreements with an individual for 86,000 shares of its common stock, at the price of $5 per share, with the aggregate gross proceeds of $430,000.

On October 8, 2025, the Company received approval for a reverse split of its common shares at a ratio of 1-for-10,000. Upon the completion of the reverse split, the total number of issued and outstanding common shares was reduced by a corresponding proportion from 27,149,688,394 to 2,715,081. All share and per share amounts have been retroactively adjusted to reflect the reverse split for all periods presented.

Description of subsidiaries incorporated and controlled by the Company:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Background** | **Background** | **Ownership** |
| Aisling Network Group Limited | ● | British Virgin Islands ("BVI") company | 100% owned |
| ("ANGL") | ● | Incorporated on June 23, 2025 | by the Company |
|  | ● | Issued and outstanding 50,000 ordinary shares at US$1 par value |  |
|  | ● | Investment holding |  |
| ASN Zone One Limited ("ASN") | ● | Hong Kong company | 100% owned by the |
|  | ● | Incorporated on August 11, 2014 | ANGL |
|  | ● | Issued and outstanding 10,000 ordinary shares for HK$10,000 |  |
|  | ● | Provision of trading LED carriage boxes and components |  |

---

The Company and its subsidiaries are hereinafter referred to as (the "Company").

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes.

● Basis of Presentation

These accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities Exchange Commission ("SEC") for interim financial statements and Article 8 of Regulation S-X. They do not include all of the information and notes required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements should be read in conjunction with the Company's consolidated financial statements and notes thereto for the years ended March 31, 2025 and 2024 included in the Company's Form 10, as filed with the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

● Use of Estimates and Assumptions

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the three months presented. Significant accounting estimates reflected in the Company's condensed consolidated financial statements include the allowance for expected credit losses, the useful lives of plant and equipment, impairment of long-lived assets and goodwill, revenue recognition, inventory obsolescence, allowance for deferred tax assets, uncertain tax position, fair value of convertible debts and promissory note and income tax provision.

● Basis of Consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

● Foreign Currencies Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

The reporting currency of the Company is United States Dollar ("US$") and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company has operations in Hong Kong and maintains the books and record in the local currency, Hong Kong Dollars ("HKD"), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with Accounting Standards Codification ("ASC") 830-30, *Translation of Financial Statement*, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of changes in stockholder's equity.

Translation of amounts from HKD into US$ has been made at the following exchange rates for the three months ended June 30, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | June 30, 2024 |
| Year-end HKD:US$ exchange rate | 7.8497 | 7.8100 |
| Annualized average HKD:US$ exchange rate | 7.8040 | 7.8189 |

---

● Segment Reporting

ASC 280, *Segment Reporting* ("ASC 280") establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in condensed consolidated financial statements for details on the Company's business segments.

In accordance with Accounting Standards Update ("ASU") No. 2023-07, *Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures*, the Company considered whether additional disclosures were required, including significant segment expenses and measures used by the chief operating decision maker ("CODM"), Mr. Edwin Kal Ip Li (a chief executive officer of the Company). However, the CODM evaluates the Company's performance based solely on condensed consolidated financial results, and no additional measures or expense categories are used for internal decision-making.

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company's CODM, for making decisions, allocating resources and assessing performance, as the following reportable segments.

The operation of coupon redemption app business in United States of America ("U.S.") was discontinued and closed down in March 2025, in which this segment did not generate any revenue during the three months ended June 30, 2025. Based on the management's assessment, the Company determined that it has one reportable operating segment, as defined by ASC 280. For the three months ended June 30, 2025 and 2024, all of the Company's revenues and assets are generated in Hong Kong. Therefore, no geographical segments are presented.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

● Revenue Recognition

The Company adopted ASU No. 2014-09, *Revenue from Contracts with Customers* (Topic 606) ("ASU 2014-09"). Under ASU 2014-09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

· identify the contract(s) with a customer;

· identify the performance obligations in the contract;

· determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer;

· allocate the transaction price to performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract.; and

· recognize revenue as the performance obligation is satisfied

Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product and collection is reasonably assured. A performance obligation is a promise in a contract to transfer a distinct product or service to a customer. Most of the Company's contracts have a single performance obligation, and such fees are billed to the customer when the performance obligation is satisfied. The Company recognizes such revenue in the period when the amounts are determined to be fixed and the performance obligation is satisfied as the Company completes the obligations.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or providing services. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales taxes and other taxes are excluded from revenues.

*<u>Trading of goods</u>*

The Company generates most of its revenue from direct product sales. Revenue from direct trading sales is recognized when the customer obtains control of the product, which occurs at a point in time. Delivery occurs when the goods have been delivery to the specific location upon the agreed shipment terms Shipping term under Free On Board ("FOB"), the Company transferred the ownership of goods to customer and who is liable for goods damaged during shipping. The Company bills the invoices to customers together with the delivery and collects the receivables in a credit term of 30 days.

Generally, the Company enters into purchase orders with its customers which specify the rights of the parties, including product specifications, shipment terms and payment terms and sales prices to the customers are fixed with rebate and incentives to certain customers. The performance obligations in a given transaction are determined by the individual purchase orders with revenue recognized at the time that the performance obligations have been satisfied. Sales taxes and other similar taxes that the Company collects concurrently with revenue-producing activities are excluded from revenue. Variable considerations such as sales rebates, sales discounts, and sales returns are treated as a reduction of revenue in the same period the related revenue is recognized.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

*<u>Principal vs Agent Considerations</u>*

In accordance with ASC 606, *Revenue Recognition: Principal Agent Considerations*, the Company evaluates the terms in the agreements with its channels and independent contractors to determine whether or not the Company acts as the principal or as an agent in the arrangement with each party respectively. The determination of whether to record the revenue on a gross or net basis depends upon whether the Company has control over the goods prior to transferring it. In general, the Company controls the products as it has the obligation to (i) fulfil the products delivery and (ii) bear any inventory risk as legal owners. In addition, when establishing the selling prices for delivery of the resale products, the Company has control to set its selling price to ensure it would generate profit for the products delivery arrangements. The Company believes that all these factors indicate that the Company is acting as a principal in this transaction. As a result, revenue from the sales of products is presented on a gross basis.

 

*<u>Disaggregation of Revenue</u>*

The following table summarizes revenue from contracts with customers, disaggregated by revenue source and the related segments, for the three months ended June 30, 2025 and 2024:

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the three months ended June 30, | For the three months ended June 30, |
| Type of revenue sources | Time of recognition | 2025 | 2024 |
| Product sales | At a point in time | $300869 | $– |

---

● Leases

The Company adopts the ASU No. 2016-02, *Leases (Topic 842)* for all three months presented. This standard requires lessees to recognize lease assets ("right-of-use") and related lease obligations ("lease liabilities") on the condensed consolidated balance sheet for leases with terms in excess of twelve months. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities.

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use ("ROU") assets and operating lease liabilities in the condensed consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the condensed consolidated balance sheets.

ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized, based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. The Company depreciated the ROU assets on a straight-line basis from the lease commencement date to the earlier of the end of the useful life of the ROU assets or the end of the lease term. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

All of the Company's real estate leases are classified as operating leases and there was no lease with a duration of twelve months or less.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

● Income Taxes

Income taxes are determined in accordance with the provisions of ASC 740, *Income Taxes* ("ASC 740"). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the three months in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

For the three months ended June 30, 2025 and 2024, the Company did not have any interest and penalties associated with tax positions. As of June 30, 2025 and March 31, 2025, the Company did not have any significant unrecognized uncertain tax positions.

The Company is subject to tax in local US and foreign jurisdictions. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.

● Convertible Debts and Promissory Note

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC 815. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

● Net Loss per Share

The Company calculates net loss per share in accordance with ASC 260, *Earnings per Share*. Basic loss per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed similar to basic income 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.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

● Related Parties

The Company follows the ASC 850-10, *Related Party* for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

● Commitments and Contingencies

The Company follows the ASC 450-20, *Contingencies,* to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company's financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business, financial position, and results of operations or cash flows.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

● Fair Value of Measurement

The Company follows the guidance of the 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 | &nbsp;&nbsp;Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; |
| Level 2 | &nbsp;&nbsp;Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and |
| Level 3 | &nbsp;&nbsp;Inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. |

---

The carrying amounts of the Company's financial assets and liabilities, such as cash and cash equivalents, inventories, amount due from a related party, prepayments and other current assets, accrued liabilities and other payables, amount due to a shareholder approximate their fair values because of the short maturity of these instruments except for bonds payable, convertible debts and convertible promissory note (measured at Level 3, see Notes 8, 9 and 10).

● Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board ("FASB") or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption.

There are no new recently issued accounting standards that will have a material impact on the condensed consolidated balance sheets, statements of operations and comprehensive loss and cash flows for the three months ended June 30, 2025.

**3. GOING CONCERN UNCERTAINTIES**

The accompanying condensed consolidated financial statements have been prepared using going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business.

The Company suffered from a continuous loss of $189,582 for the three months and had a working capital deficit of $995,254 and accumulated deficit of $4,503,655, as of June 30, 2025. The Company has funded its operations and capital expenditure primarily through its stockholders. The continuation of the Company as a going concern is dependent upon improving profitability and the continued financial support from its stockholders or external fund-raising through private placements. Management believes the existing stockholders will provide additional cash to meet with the Company's obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These raise substantial doubt about the Company's ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**4. AMOUNT DUE FROM A RELATED PARTY**

As of June 30, 2025 and March 31, 2025, the amount represented temporary advances to a related party, Mr. Lo Yiu Kwok, the director of the Company's subsidiary, which was unsecured, interest-free and repayable on demand. The balance was $556,081 and $484,505 as of June 30, 2025 and March 31, 2025, respectively. The balance is expected to be settled within the next 12 months.

**5. LEASES**

The Company entered into commercial operating leases with a third party for the use of office in Hong Kong. This lease has original term of 3 years. This operating lease is included in "Right-of-use Assets" on the condensed consolidated balance sheets and represent the Company's right to use the underlying assets during the lease term. The Company's obligation to make lease payments are included in "Lease liabilities" on the condensed consolidated balance sheets.

Supplemental balance sheet information related to operating leases was as follows:

---

| | | |
|:---|:---|:---|
|  | As of | As of |
|  | June 30, 2025 | March 31, 2025 |
| Operating lease: |  |  |
| Right-of-use assets, net | $418348 | $472803 |
| Lease liabilities: |  |  |
| Current lease liabilities | $229246 | $226762 |
| Non-current lease liabilities | 232837 | 286349 |
|  | $462083 | $513111 |

---

Operating lease expense for the three months ended June 30, 2025 and 2024 was $50,570 and $0, respectively.

Other supplemental information about the Company's operating lease, as of:

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | March 31, 2025 |
| Weighted average discount rate | 8% | 8% |
| Weighted average remaining lease term | 2.08 | 2.33 |

---

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

Operating lease commitments:

The following table summarizes the future minimum lease payments due under the Company's operating lease in the next three years, as of June 30, 2025:

---

| | |
|:---|:---|
| Year ending June 30, |  |
| 2026 | $262605 |
| 2027 | 225090 |
| 2028 | 37514 |
| Total minimum finance lease liabilities payment | 525209 |
| Less: imputed interest | (63126) |
| Future minimum lease liabilities | $462083 |

---

**6. SEGMENT REPORTING**

ASC 280 establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker ("CODM"), Mr. Edwin Kai Ip Li (a chief executive officer of the Company), for making decisions, allocating resources and assessing performance, as the following reportable segments.

---

| | |
|:---|:---|
| Trading of goods | Trading of LED carriage boxes and components in Hong Kong |
| App Development\* (presented as discontinued operations) | Development and launch of a coupon redemption app for customers to download on smartphones and other devices in U.S. (this segment closed down in March 2025) |

---

Based on the management's assessment, the Company determined that it has one reportable operating segment, as defined by ASC 280 for the three months ended June 30, 2025.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | Trading of goods | Trading of goods |
|  | Three months Ended June 30, | Three months Ended June 30, |
|  | 2025<br>US$ | 2024<br>US$ |
| **Revenue, net** |  |  |
| Product sales | 300869 |  |
| Cost of revenue | (5601) | – |
| **Gross profit** | 295268 |  |
| **Total operating expenses** | (273987) | (1303) |
| **Loss from operation** | 21281 |  |
| **Total other expense, net** | (210863) | – |
| **Loss from operations before income taxes** | (189582) | (1303) |
| **Income tax expenses** | – | – |
| **Segment loss** | (189582) | (1303) |

---

For the three months ended June 30, 2025, all of the Company's revenue and assets are locally generated in Hong Kong. Therefore, no geographical segments are presented.

**7. AMOUNT DUE TO A SHAREHOLDER**

As of June 30, 2025 and March 31, 2025, the amount represented temporary advances made by a shareholder, Cosmos Links International Holding Ltd to the Company for capital expenditure and working capital purpose, which was unsecured, interest free and repayable on demand. The balance was $157,327 and $313,903 as of June 30, 2025 and March 31, 2025, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**8. BONDS PAYABLE**

Bonds payable consisted of the following:

---

| | | |
|:---|:---|:---|
|  | As of | As of |
|  | June 30, 2025 | March 31, 2025 |
| Principal amounts of bonds payable | $306688 | $328043 |
| Less: unamortized discounts | (8868) | (12829) |
| Bonds payable, net | 297820 | 315214 |
| Representing: |  |  |
| Current portion | 237164 | 231210 |
| Non-current portion | 60656 | 84004 |
|  | $297820 | $315214 |

---

These bonds were issued by the Company's subsidiary, ASN to certain third parties of an aggregate principal amount of $501,347 (HK$3,900,000) under the bond agreements, which carried interest at a rate of 8% per annum.

Bond A: Both annual interest and the principal amount became monthly payable after the seventh month of the bond agreements up to maturity date.

Bond B : Both annual interest and the full principal amount became payable in its entirety at the maturity date.

The debt discounts are amortized into interest expense using the effective interest method over the terms of the bonds. Interest expense in relation to bonds payable for the three months ended June 30, 2025 and 2024 were $14,603 and $0, respectively.

**9. CONVERTIBLE DEBTS**

In May, October and November 2022 and March, May and June 2023, the Company's subsidiary, ASN issued eight (8) convertible debts of $528,343 (HK$4,110,000) aggregate principal amount, due in three to five three months (the "Debts"). The Debts bear interest at a rate of 8.0% per annum, annually payable and will mature in October 2025, November 2025, March 2026, May 2026, June 2026 and May 2027.

The Debts Holders have the right to convert any or all of the principal and accrued interest on the Debts into shares of common stock of the Company on the closing of a listing for trading of the common stock of the Company on a national securities exchange offering (an "Uplist Offering"). If the Company can close an Uplist Offering, the conversion price shall be 70% of the per share offering price in the Uplist Offering.

Interest expense of convertible debts for the three months ended June 30, 2025 and 2024 were $80,114 and $0, respectively.

The conversion derivative, associated with these convertible debts was accounted for as a liability in accordance with ASC 815-40. The conversion derivative liability was measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of conversion derivative liability in the condensed consolidated statements of operations. The convertible debts are made up of the fair value of the embedded conversion option with a fair value, totaling $1,504,570 and $1,382,412, as of June 30, 2025 and March 31, 2025, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**10. CONVERTIBLE PROMISSORY NOTE PAYABLE**

In September 16, 2024, the Company issued one (1) convertible promissory note of $200,000 aggregate principal amount, due in two three months (the "Note"), payable at maturity date of September 16, 2026.

The details of the Note are as follows:

Unless the Note is converted, the principal amounts of the Note, and accrued interest at the rate of 10% per annum, are payable of the issuance of the Note (the "Maturity Date").

The Note holder has the right to convert any or all of the principal and accrued interest on the Note into shares of common stock of the Company on the earlier of (i) 60 calendar days before the Maturity Date of the Note or (ii) the Company's issuance or sale of any equity securities on or before the Maturity Date, in one or a series of related bona fide transactions with any third party, yielding gross proceeds to the Company excess $1,000,000 or (iii) when the Company disposed more than 50% of the voting power of the Company, or immediate after the merge with an entity, in which the Company own less than 50% of equity after the merger. The conversion price shall be 80% of the per share of the fair market value of the Company's common stock.

The Company has the right to prepay all or any part of the Note without penalty upon five days prior written notice to the Note holder. The Note holder shall have five days after receipt of the written notice, to elect to convert all or part of the Note, at a conversion price to be determined mutually between the Company and Note holder.

Interest expense of the Note for the three months ended June 30, 2025 and 2024 were $14,549 and $0, respectively.

The conversion derivative, associated with this promissory note was accounted for as a liability in accordance with ASC 815-40. The conversion derivative liability was measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of conversion derivative liability in the condensed consolidated statements of operations. The convertible promissory note is made up of the fair value of the embedded conversion option with a fair value, as of June 30, 2025 and March 31, 2025 of $280,807 and $252,242, respectively.

**11. STOCKHOLDERS' (DEFICIT) EQUITY**

*Authorized share*

The Company has 100,000,000 shares of Series A Preferred Stock authorized with a par value of $0.00001 per share.

The Company has 14,000,000,000 shares of Common Stock authorized with a par value of $0.00001 per share.

As of June 30, 2025 and March 31, 2025, the Company had 14,000,000,000 and 14,000,000,000 shares of common stock authorized, respectively.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

*Preferred stock*

Series A Preferred Stock carries certain rights and privileges (including but not limited to the right to 1000 votes per share) to vote on all matters that may come before the stockholders of the Company. Series A Preferred Stock subject to the right of the holders of any shares of any series of preferred stock ranking prior and superior to the Series A Preferred Stock, in preference to the holders of common stock and of any other junior stock shall be entitled to receive dividend. At any time after a holding period of one day from the date of issuance of Series A Preferred Stock, the holder may be converted to common stock at a ratio of 1 Series A Preferred Stock to 1000 shares of common stock.

As of June 30, 2025 and March 31, 2025, the Company had 100,000,000 and 100,000,000 shares of Series A Preferred Stock issued and outstanding, respectively.

*Common stock*

In July 2024, September 2024 and March 2025, the Company entered into subscription agreements with certain individuals under private placements, with the gross proceeds of $780,000 at the average market price of $0.5652 per share. In June 2025, the Company issued 1,380,000 shares of its common stock to these individuals.

In April and May 2025, the Company entered into subscription agreements with an individual for 86,000 shares of its common stock, at the price of $5 per share, with the aggregate gross proceeds of $430,000, respectively. In June 2025, the Company issued 86,000shares of its common stock to the individual.

As of June 30, 2025 and March 31, 2025, the Company had 2,715,081 and 1,248, 9689 shares of its common stock issued and outstanding, respectively.

**12. NET LOSS PER SHARE**

The calculation of the basic and diluted net loss per share attributable to common stockholders of the Company is based on the following data (in dollars, except share data):

---

| | | |
|:---|:---|:---|
|  | For the three months ended June 30, | For the three months ended June 30, |
|  | 2025 | 2024 |
| Numerator: |  |  |
| Net loss attributable to common shareholders | $(189582) | $(1303) |
| Denominator: |  |  |
| Weighted average common shares outstanding – Basic and diluted <sup>#</sup> | 1361429 | 91602 |
| Net loss per share: |  |  |
| Net loss per share – Basic <sup>#</sup> | $(0.14) | $(0.01) |
| Net loss per share – Diluted <sup>#</sup> | $(0.14) | $(0.01) |

---

<sup>#</sup> The share and per share amounts are presented on a retroactive basis, giving effect to 1-for-10,000 reverse split (see Note 1).

For the three months ended June 30, 2025 and 2024, diluted weighted average common stock outstanding is equal to basic weighted average common stock due to the Company's net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**13. INCOME TAX**

The provision for income taxes consisted of the following:

---

| | | |
|:---|:---|:---|
|  | Three months ended June 30, | Three months ended June 30, |
|  | 2025 | 2024 |
| Current tax | $– | $– |
| Deferred tax | – | – |
| Income tax expenses | $– | $– |

---

The effective tax rate in the three months presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company mainly operates in Hong Kong that is subject to taxes in the jurisdictions in which they operate, as follows:

*United States*

The Company is registered in the State of Nevada and is subject to the tax laws of United States of America. The U.S. Tax Cuts and Jobs Act (the "Tax Reform Act") was signed into law. The Company's policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the periods presented. Deferred tax asset is not provided for as the tax losses may not be able to carryforward after a change in substantial ownership of the Company.

For the three months ended June 30, 2025 and 2024, there were no operating incomes.

*BVI*

Under the current BVI law, ANGL is not subject to tax on income.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

*Hong Kong*

ASN operating in Hong Kong is subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits arising in Hong Kong during the current year, after deducting a tax concession for the tax year. The reconciliation of income tax expense to income (loss) at applicable tax rates for the three months ended June 30, 2025 and 2024 is as follows:

---

| | | |
|:---|:---|:---|
|  | Three months ended June 30, | Three months ended June 30, |
|  | 2025 | 2024 |
| Loss before income taxes | $(189582) | $(1303) |
| Statutory income tax rate | 16.5% | 16.5% |
| Income tax expense at statutory rate | (31281) | (215) |
| Tax effect of non-deductible items | 28671 | 215 |
| Net operating losses | 2610 | – |
| Income tax expense | $– | $– |

---

As of June 30, 2025, the operations in Hong Kong incurred $1,023,735 of cumulative net operating losses which can be carried forward to offset future taxable income. There is no expiry in net operating loss carryforwards under Hong Kong tax regime. The Company has provided for a full valuation allowance against the deferred tax assets of $168,916 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the deferred tax assets of the Company as of June 30, 2025 and March 31, 2025:

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | March 31, 2025 |
| Net operating losses carryforwards | $168916 | $166306 |
| Less: allowance on deferred tax assets | (168916) | (166306) |
| Deferred tax assets, net | $– | $– |

---

As of June 30, 2025 and March 31, 2025, the Company had no unrecognized tax benefits. Interest and penalty charges, if any, related to income taxes would be classified as a component of the provision for income taxes in the condensed consolidated statements of operations. The Company does not expect any significant change in its uncertain tax positions in the next twelve months.

The Company filed income tax returns in the United States federal tax jurisdiction and several state tax jurisdictions. Since the Company is in a loss carryforward position, it is generally subject to examination by federal and state tax authorities for all tax three months in which a loss carryforward is available.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

**14. RELATED PARTY TRANSACTIONS**

From time to time, the directors of the Company advanced funds to the Company for capital expenditures and working capital purpose. Those temporary advances are unsecured, non-interest bearing and have no fixed terms of repayment.

<u>Nature of relationships with related parties</u>

<u>Name of related party</u> <u>Relationship with the Company</u> <br> Lo Yiu Kwok Family member of the Company's director and director of the Company's subsidiary

Related party balances consisted of the following:

---

| | | | |
|:---|:---|:---|:---|
|  |  | As of | As of |
| Name | Nature | June 30, 2025 | March 31, 2025 |
| Lo Yiu Kwok | Amount due from a related party | $556081 | $484505 |

---

Apart from the transactions and balances detailed elsewhere in these accompanying condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

**15. CONCENTRATIONS OF RISKS** 

The Company is exposed to the following concentrations of risks:

(a) Major customer

For the year ended June 30, 2025, the Company has one single customer, who accounted for 100% of its total revenues.

For the year ended June 30, 2024, the Company has no single customer who accounted for 10% of its revenues.

(b) Major vendor

For the year ended June 30, 2025, the Company has one single vendor, who accounted for 100% of its total cost of revenue.

For the year ended June 30, 2024, the Company has no single vendor who accounted for 100% of its total cost of revenue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Credit risk

Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and amount due from a related party. Cash equivalents are maintained with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $101,915) if the bank in Hong Kong with which an individual/a company hold its eligible deposit fails.

**ZICIX CORPORATION AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**(UNAUDITED)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Economic and political risk

The Company's major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong's economy may influence the Company's business, financial condition, and results of operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Exchange rate risk

The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

**16. COMMITMENTS AND CONTINGENCIES**

From time to time, the Company may be involved in various legal proceedings and claims in the ordinary course of business. The Company currently is not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition, operating results, or cash flows.

As of June 30, 2025 and March 31, 2025, the Company did not have any significant commitments and contingencies involved, except for the below:

Pursuant to the Stock Purchase Agreement dated July 25, 2024, the Company is required to issue to the Seller (Lo Yiu Kwok) to an aggregate of 63,000 shares of the Company's common stock, at a par value of $0.00001 upon the achievement of the milestones by its subsidiary, ASN during the three-three months' period following July 25, 2024 ("Performance Period") below:

---

| | |
|:---|:---|
| Annual revenue milestones (US$) during Performance Period | Number of shares issuable to the Seller |
| Equal or above $500,000 and less than $1,000,000 | 12600 |
| Equal or above $1,000,000 and less than $2,000,000 | 37800 |
| Equal or above $2,000,000 | 63000 |

---

The Company is limited to issue a maximum of 63,000 shares of the Company's common stock as earnout shares. The earnout shares, if were issued, classified as equity in accordance with ASC 480 and ASC 815.

Subsequently, the Company's subsidiary, ASN did not meet with the minimum annual revenue of $500,000 as the performance milestone for the first year from July 26, 2024 to July 25, 2025 under the Performance Period, therefore no earnout shares were issued accordingly.

**17. SUBSEQUENT EVENTS**

In accordance with ASC Topic 855, "*Subsequent Events*", which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after June 30, 2025, up through the date the Company issued the unaudited condensed consolidated financial statements.

On October 8, 2025, the Company received approval for a reverse split of its common shares at a ratio of 1-for-10,000. Upon the completion of the reverse split, the total number of issued and outstanding common shares was reduced by a corresponding proportion from 27,149,688,394 to 2,714,968.

**SIGNATURES**

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **ZICIX CORPORATION** | **ZICIX CORPORATION** |
| By: | /s/ Edwin Li |
|  | Edwin Li |
|  | Title: Chief Executive Officer |
|  | October ___, 2025 |

---

## Exhibit 3.1

**Exhibit 3.1**

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Certified Copy 10/08/2025 10:21:36 AM Work Order Number: Reference Number: Through Date: Corporate Name: W2025100800647 - 4770135 20255228026 10/08/2025 10:21:36 AM ZICIX CORPORATION The undersigned filing officer hereby certifies that the attached copies are true and exact copies of all requested statements and related subsequent documentation filed with the Secretary of State's Office, Commercial Recordings Division listed on the attached report. Number of Pages Description Document Number 3 Amendment After Issuance of Stock - 10/06/2025 20255222569 15 Amendment After Issuance of Stock - 06/18/2025 20254974909 3 Amendment After Issuance of Stock - 12/30/2024 20254568908 1 Registered Agent - Statement of Change - 12/30/2024 20244561740 3 Amendment After Issuance of Stock - 06/11/2024 20244119927 3 Amendment After Issuance of Stock - 06/22/2022 20222414546 1 Certificate of Correction - 10/22/2020 20200997178 1 Certificate of Designation - 10/21/2020 20200992880 6 Certificate of Designation - 06/10/2020 20200718420 8 Amendment - 06/13/2019 20190256344 - 76 1 Certificate of Designation - 11/16/2017 20170487128 - 00 1 Registered Agent - Statement of Change - 04/24/2017 20170177358 - 11 1 Certificate of Reinstatement - 10/11/2016 20160448506 - 46 13 Merge In - 01/26/2011 20110061859 - 03 1 Initial List - 01/21/2011 20110047569 - 95 14 Articles of Incorporation - 01/21/2011 20110047414 - 34 FRANCISCO V. AGUILAR Secretary of State DEANNA L. REYNOLDS Deputy Secretary for Commercial Recordings STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE Commercial Recordings Division 401 N. Carson Street Carson City, NV 89701 Telephone (775) 684 - 5708 Fax (775) 684 - 7141 North Las Vegas City Hall 2250 Las Vegas Blvd North, Suite 400 North Las Vegas, NV 89030 Telephone (702) 486 - 2880 Fax (702) 486 - 2888

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Certified By: Electronically Certified Certificate Number: B202510086160188 You may verify this certificate online at https://www.nvsilverflume.gov/home Respectfully, FRANCISCO V. AGUILAR Nevada Secretary of State FRANCISCO V. AGUILAR Secretary of State DEANNA L. REYNOLDS Deputy Secretary for Commercial Recordings STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE Commercial Recordings Division 401 N. Carson Street Carson City, NV 89701 Telephone (775) 684 - 5708 Fax (775) 684 - 7141 North Las Vegas City Hall 2250 Las Vegas Blvd North, Suite 400 North Las Vegas, NV 89030 Telephone (702) 486 - 2880 Fax (702) 486 - 2888

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20255222569 Secretary of State State Of Nevada Filed On 10/6/2025 10:09:00 AM Number of Pages 3

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FRANCISCO V. AQUIi.AR leoeta,yefltatl 4ftNOf1flC - .rwonkfft C. - .oft c,ey,...,... n111 - t201 (175)UW7N w.Jlil : WWW.l'Mff.go¥ Profit Corporation: Certificate of Amendment 1PURsUAHT ro � s 1 1 m , n .lW7 a � i Certificate to Accompany Restated Articles or Amended and Restated Articles (PURSUANT To NR,s1 . 4031 Officer's Statement PVRSUAHrroNASeo OlO C. En.ctiw Date end Time: (()ptianal) Date : Time : (must not be Iller lhan 90 days 1fter Iha c:ar11f'ale IS Naef) 5. lnfon'ftltion Belr19 Changed: [Oomes h c: � Oliy) I.Signature: (�) from r - . O \ anges to t.alces lhe fotlowng effect. The enllty name has been amended . - The reg i stered agent has been changed . (atlactl Ceftlficlte of � registored agent) � The purpose of lhe anlity has been amended . The authonzed shares have been amended . . Tho directors , managers or general partners havo been arnendod . • IRS taic language has been added . Atbdn have been added � Attidos havo boon deleted . � Other . The a,tides have been amended H follows : (prO'llde lf1lde �. l av.iaolt) Article V is amended to add the paragraph as set forth In the attachment (lffach adddlonll P9(1) rt nec:eua,y) Chief Executive Officer Title x 5,gnatu,. or ()ff",cer or Aulhonzed Segner Tide 'II eny p,opoMd lfflClfldmant W0'Ad . - er or cha• - , prefetence or any rel'1MI or other' nght giv911 lo any das or aeria o(outstanding IN!ln , lheo the .,,. drnent mu � be � by lie YDllt. ri addillar'I lhe alrllffllliYO � olhetwiso reqund, ol lhct holders ol stwes representing • majonly ol lhe wbng � d each da11 or series 1ffaciod by !he 1meodmen1 rogardless IO limitations or rntrlclions an lhe voting pa,,e, !hereof . p, - He fnclUCM any required 0< optional Information In apace Nlow: (aUKfl � IIIOnal page(Ŷ) I rwc:esury) Thi• form must be accompanied by appropriate '"' ·

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ST ATE OF NEV ADA CERTIFICATE OF AMENDMENT OF ARTICLES OF JNCORPORA TION ZICIX Corporation (the "Corporation"), 11 corpon,tion organil .. cd and tKisting under and by virtue of the Nevada Re i d S 1 a 1 u 1 � of the S 1 le of ' cva . da . doc, hereby certify : FIRST : That the Articles of lncorpomtion of the Corporation is hereby amended by adding the following panagr . 1 ph immediately oner the : first puagraph of Article V, Section A entitled ' ' Number and De . ign : ilion . " : Upon the filing and cffccti \ cncss (the ·'Effccthc 'fimcl pur 5 uant lo the Nevada Rtviscd Statut<'S of this Ccnificatc of Ammdment to the Amended and Resbttd Artick . s of lncorporJtion of the Corporation . e : ich ten thousand (10 , 000) sh 11 � of Common Stock i ucd ind outstanding immcdi tcly prior to the Effective Time shall . 1 utoma 1 ically and y . ithouc lllly action on the part of the respective holders thereof, be combined and con \ 'ened inro one (I) hare of Common Stock (the � Rcvmc Stock Split") . No fractional hares shall be i s s ued in connection wich the Reverse Stock Split but shaU be rounded up to the nearest whole number . Each n : cord that immcdiau : ly prior to the Effective Tune � escntcd s hares of Common Stock ("Old Records"), shall thereafter � resent that number ofshllJcs of Common Stock into which the : shares of Common Stock rq,rncntcd by the Old Records shall ha \ e been combined . subject 10 the elimination of fractional s hare intcrcsrs as de s cribed above . The Re, · ersc Stock Split shall tui,e no effect on the authon,i : d omount or par \ aluc of the Common Stock . SECOND : That the Ccni 0 cauc of Dcsign : ation of Series B Convcniblc Prefcm : d Stock is hereby 411 lcnded so 1 hra 1 : ill rcfcnmce :. to "par value S 0 . 001 per hare" shall be changed to '"par value S 0 . 0000 I per share ;.. TIIIRD: The ,01e by which the stockholders holding shares in the corporurion entitling them to c ;

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20254974909 Secretary of State State Of Nevada Filed On 6/18/2025 8:00:00 AM Number of Pages 15

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FRANCISCO V. AGUILAR Secretary of State 401 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov 4 T 5 C c (Profit Corporation: Certificate of Amendment (PuRsuANTTO NRs 78 . 380 & 78.385/78 . 390) Certificate to Accompany Restated Articles or Amended and Restated Articles (PuRsuANT TO NRs 78.403) Officer's Statement (PuRsuANT TO NRs 80.030) Date: Time : (must not be later than 90 days after the certificate is filed) . Effective Date and ime: (Optional) Changes to takes the following effect: D The entity name has been amended. D The registered agent has been changed. (attach Certificate of Acceptance from new registered agent) D The purpose of the entity has been amended. � The authorized shares have been amended. D The directors , managers or general partners have been amended. D IRS tax language has been added. lZI Articles have been added. D Articles have been deleted. !Zi Other. The articles have been amended as follows: (provide article numbers , if available) Article V is amended to increase the authorized shares to 28 Billion, as attachE "' (attach additional page(s) if necessary) ! Chief Executive Officer Signature of Officer or Authorized Signer Title X Signature of Officer or Authorized Signer Title \*If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares , then the amendment must be approved by the vote , in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof . . Information Being hanged: (Domestic orporations only) 6. Signature: Required) Please include any required or optional information in space below: (attach additional page(s) if necessary) This form must be accompanied by appropriate fees. Page 2 of 2 R e vised : 9 / 1 / 2023

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AMENDED AND REST A TED ARTICLES OF TNCORPORA TION OF ZICIX CORPORATION r , Edwin Kai Ip Li , Chief Executive Officer of ZICTX CORPORATION . , a Nevada corporation , do hereby certify that the Articles of Incorporation of this corporation are amended and restated to read in full as follows : ARTICLE I NAME The name of the corporation is : ZICIX CORPORATION . ARTICLE II REGISTERED AGENT The principal office in the State of Nevada is 321 W . Winnie Lane # I 04 , Carson City, Nevada 89703 . The name of its registered agent at that address is Cogency Global . ARTICLE III PURPOSE The purpose for which the Corporation is organized is to transact all lawful business for which corporations may be incorporated pursuant to the laws of the State of Nevada . The Corporation shall hav e all the powers of a corporation organized under the General Corporation Law of the State of Nevada . ARTICLE rv TERM The Corporation is to have perpetual existence . ARTICLE V CAPITAL STOCK A . Number and Designation . The total number of shares of all classes that the Corporation shall have authority to issue shall be TWENTY EIGHT BILLION (28 , 000 , 000 , 000), of which TWENTY SEVEN BILLION STX HUNDRED MILLION (27 , 600 , 000 , 000) shall be shares of common stock , par value $0 . 0000 I per share ("Common Stock ") , and FOUR HUNDRED MILLION (400 , 000 , 00 0) shall be shares of preferred stock , par value $0 . 0000 I per share ("Preferred Stock ") . The shares may be issued by the Corporation from time to time as approved by the board of directors of the Corporation without approval of the stockholder except as otherwise provided in this Article V or the rules of a national securities exchange if applicable . The consideration for subscriptions to , or the purchase of , the capital stock to be issued by the Corporation shall be paid in such form and in such manner as the board of directors shall determine . The board of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible property or any benefit to the Corporation, or any combination thereof . In the absence of actual fraud in the transaction , the judgment of the directors as to the value of such consideration shall be conclusive . The capital stoc k so issued shall be deemed to be fully aid and non - as sessa ble stock upon rec eipt by the Corporation of such consideration . fn the case of a stock dividend , the part of the surplus of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to be the consideration for their issuance .

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B. Undesignated Common Stock . Shares of Common Stock not at the designated as shares of a particular series pursuant to this Article V(B) or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series or without any distinctive designation . The board of direc ; tors may determine , in whole or in part, the preferences, voting powers , qualifications and special or relative rights or privileges of any such series before the issuance of any share s of that series . The board of directors shall determine the number of shares constituting each series of Common Stock and each series shall have a distinguishing designation . C. Common Stock . Each holder of shares of Common Stock shall be entitled to one vote for each share held by such holders . Whenever there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class or series of stock having preference over the Common Stock as to the payment of dividends , the full amount of dividends and sinking fund or retirement fund or other retirement payments , if any, to which such holders are respectively entitled in preference to the Common Stock , then dividends may be paid on the Common Stock, and on any class or series of stock entitled to participate therewith as to dividends , out of any assets legally available for the payment of dividends , but only when and as declared by the board of directors of the Corporation . ln the event of any liquidation, dissolution or winding up of the Corporation , after there shall have been paid , or declared and set aside for payment , to the holders of the outstanding shares of any class having preference over the Common Stock in any such event , the full preferential amounts to which they are respectively entitled , the holders of the Common Stock and of any class or series of stock entitled to participate therewith, in whole or in part , as to di s tribution of assets shall be entitled , after payment or provision for payment of all debts and liabilities of the Corporation , to receive the remaining assets of the Corporation available for distribution, in cash or in kind . Each share of Common Stock shall have the same relative powers , preferences and rights as, and shall be identical in all respects with , all the other shares of Common Stock of the Corporation. D. Series Preferred Stock . Shares of Preferred Stock not at the designated as shares of a particular series pursuant to this Article V(D) or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series . The board of directors may determine , in whole or in part , the preferences , voting powers , qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series . The board of directors shall determine the number of shares constituting each series of Preferred Stock and each series shall have a distinguishing designation . Each share of each series of series preferred stock shall have the same relative powers , preferences and rights as , and shall be identical in all respects with , all the other shares of the Corporation of the same series , except the times from which dividends on share which may be issued from time to time of any such series may begin to accrue . ARTICLE VI PREEMPTIVE RIGHTS No holder of any of the shares of any class or series of stock or options, warrants or other rights to purchase shares of any class or series of stock or of other securities of the Corporation shall have any preemptive right to purchase or subscribe for any unissued stock of any class or series , or any unissued bonds , certificates of indebtedness, debentures or other securities convertible into or exchangeable for stock or carrying any right to purchase stock except to the extent that such right may from time to time be issued pursuant to resolution of the board of directors of the Corporation to such persons , firms , 2

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corporations or associations , whether or not holders thereof , and upon such terms as may be deemed advisable by the board of directors in the exercise of its sole discretion . ARTICLE VII REPURCHASE OF SHARES The Corporation may from time to time, pursuant to authorization by the board of directors of the Corporation and without action by the stockholders, purchase or otherwise acquire shares of any class , bonds , debentures , notes , scrip , warrants , obligations , evidences or indebtedness , or other securities of the corporation in such manner , upon such terms , and in such amounts as the board of directors shall determine ; subject, however , to such limitation or restrictions, if any, as are contained in the express terms of any class of shares of the Corporation outstanding at the time of the purchase or acquisition in question or as are imposed by law . ARTICLE Vlll MEETINGS OF STOCKHOLDERS; CUMULATIVE VOTING No action that is required or permitted to be taken by the stockholders of the Corporation at any annual or special meeting of stockholders may be effected by written consent of stockholders in lieu of a meeting of stockholders , unless the action to be effected by written consent of stockholders and the taking of such action by such written consent have expressly been approved in advance by the board of directors of the Corporation . Special meeting of the stockholders of the Corporation for any purpose or purposes may be called at any time by the board of directors of the Corporation , or by a committee of the board of directors which has been duly designated by the board of directors and whose powers and authorities , as provided in a resolution of the board of directors or in the bylaws of the Corporation , include the power and authority to call such meetings but such special meetings may not be called by another person or persons . There shall be no cumulative voting by stockholders of any class or series in the election of directors of the Corporation . Meetings of stockholders may be held at such place as the bylaws may provide . ARTICLE IX NOTICE FOR NOMINATIONS AND PROPOSALS Nominations for the election of directors and proposals for any new business to be taken up at any annual or special meeting of stockholders may be made by the board of directors of the Corporation or by any stockholder of the Corporation entitled to vote generally in the election of directors . In order for a stockholder of the Corporation to make any such nominations and/or proposals at an annual meeting or such proposals at a special meeting , he or she shall give notice thereof in writing , delivered or mailed by first class United States mail , postage prepaid , to the Secretary of the Corporation of not less than thirty days or more than sixty days prior to any such meeting ; provided, however, that if less than forty days' notice of the meeting is given to stockholders , such written notice shall be delivered or mailed , as prescribed, to the Secretary of the Corporation not later than the close of the tenth day following the day on which notice of the meeting was mailed to stockholders . Each such notice given by a stockholder with respect to nominations for the election of directors shall set forth (1) the name, age , business address and, if known, residence address of each nominee proposed in such notice , (2) the principal occupation or employment of each such nominee , and (4) the number of shares of stock of the Corporation which are beneficially owned by each such nominee . In addition, the stockholder making such nomination shall promptly provide any other information reasonably requested by the Corporation . 3

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Each such notice given by a stockholder to the Secretary with re s p ect to business proposals to bring before a meeting shall set forth in writing as to each matter : (I) a brief description of the business desired to be brought before the meeting and the reasons for conducting such business at the meeting ; (2) the name and address , as they appear on the Corporation ' s books , of the stockholder proposing such business ; (3) the class and number of shares of the Corporation which are beneficially owned by the stockholder ; and (4) any material interest of the stockholder in such bu si nes s . Notwithstanding anything in these Articles to the contrary, no busines s shall be conducted at th e meeting except in accordance with the procedures set forth in this Article . The Chairman of the annual or special meeting of stockholders may , if the facts warrant, determine and declare to such meeting that a nomination or proposal was not made in accordance with the foregoing procedure , and , if he s hould so determine , he shall so declare to the m eeti ng and the defective nomination or proposal shall be disregarded and laid over for action at th e next succeeding adjourned , special or annual meeting of the stockholders taking place thirty days or more thereafter . Thi s provi s ion shall not require the holding of any adjourned or special meeting of s tockholders for the purpose of considering such defective nomination or proposal . ARTICLE X DIRECTORS The numb e r of directors of th e Corporation shall b e s uch numb e r , not les s than one nor mor e than 15 (exclusive of director s, if any , to be elected by holders of preferred stock of the Corporation) , as shall be provided from time to time in a resolution adopted by the board of directors , provided that no decrea se in the number of directors shall have the effect of shortening the term of any incumbent director , and provided further that no action shall be taken to decrease or increase the number of directors from time to time unless at least two - third of the dire cto r s then in office shall concur in sai d action . Exclusive of directors , if any , elected b y holders of preferred stoc k , vacancies in the board of directors of the Corporation, however caused, and newly created directorships shall be filled by a vote of two - thirds of the dir ec tors then in office , whether or not a quorum , a nd any dir ec tor so chosen s hall hold offic e for a tenn expiring at the annual meeting of stockholders at which the tenn of the class to which the director ha s b ee n chosen expires and when th e director 's successor is elected and qualified . Whenever the holders of any one or more series of preferred stock of the Corporation shall have the right , voting separately as a class , to elect one or more director s of the Co rporation , the board of directors shall include sa id directors so elected in addition to the number of director s fixed as provided in this Article X . Notwithstanding the foregoing , and except as otherwise may b e requir ed by law , w hene ve r the holder s of any one or mor e se ri es of pr efe rred s tock of th e Corporation e lect one or mor e directors of the Corporation, the terms of the director or directors elected by such holders shall expire at the next succeeding annual meeting of stockholders . In furtherance , but not in limitation of the powers conferred by statute , the board of directors is expressly authorized to do the following : • Designate one (I) or more committees, each committee to consist of one or more of the directors of the Corporation and such number of natural person s who are not director s as the board of directors shall de s ignate , which to the extent pro vi ded in the Resolution , or in the bylaws of the Corporation , s hall have and ma y exercise the powers of the board of directors in the management of the busine ss and affairs of the Corporation . • As provided by Nevada Revised Statutes 78 . 140 , without repeating th e section in full her e, th e same i s adopted and no contract or other tran sact ion betw ee n thi s Corporation and any of its officers , agents or directors shall be deemed void or vo idable solely for that reason . The bal a nce of the provision s of the code section cited , as it now exists , allowing s uch transactions , is hereby incorporated into this Article as though more full y set forth , and such Article shall b e r ea d and interpret e d to provide the greatest latitude in its application . 4

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• As provided by Nevada Revised Statutes 78 . 207 , without repeating the section in full here , the board of directors shall have the authority to change the number of shares of any class or series , if any , of authorized stock by increasing or decreasing the number of authorized shares of the class or series and correspondingly increasing or decreasing the number of issued and outstanding shares of the same class or series held by each stockholder ofrecord at the effective date and time of the change by a resolution adopted by the board of directors , without obtaining the approval of the stockholder s . • If a proposed increase or decrease in the number of issued and outstanding shares of any class or series would adversely alter or change any preference or any relative or other right given to any other class or series of outstanding shares , then the decrease must be appro v ed by the v ote , in addition to any vote required , of the holders of shares representing a majority of the voting power of each class or series whose preference or rights are adversely affected by the increase or decrease , regardless of limitations or restrictions on the voting power thereof . The increase o decrease does not have to be approved by the vote of the holders of shares representing a majority of the voting power in each class or series whose preference or rights are not adversely affected by the increase or decrease . • Special meetings of the stockholders may be called only by the board of directors or a committee of the board of directors that is delegated the power to call special meetings by the board of directors . • Change the name of the Corporation at any time from time to time to any name authorized by Nevada Revised Statutes 78 . 039 . ARTICLE xr REMOVAL OF DIRECTORS Notwithstanding any other provision of these Articles of the bylaws of the Corporation , any director or all the directors of a single class (but not the entire board of directors) of the Corporation may be removed , at any time , but only by the affinnative vote of the holders of at least a majority of the voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class) without the necessity of a meeting of the stockholders called for that or any other purpose . Notwithstanding the foregoing , whenever the holders of any one or more series of preferred stock of the Corporation shall have the right , voting separately as a class , to elect one or more directors of the Corporation , the preceding provisions of this Articles XI shall not apply with respect to the director or directors elected by such holders of preferred stock . ARTICLE XII INDEMNIFICATION Any person who was or is a party or is threatened to be made a party to any threatened , p e nding , or completed action , suit , or proceeding, whether civil , criminal, administrative , or investigative (whether or not by or in the right of the Corporation) by reason of the fact that he is or was a director , officer , incorporator , employee , or agent of the Corporation , or is or was serving at the request of the Corporation as a director , officer , incorporator , employee , partner , trustee , or agent of another corporation, partnership , joint venture , trust, or other enterprise (including an employee benefit plan) , shall be entitled to be indemnified by the Corporation to the full extent then permitted by law against expenses (including counsel fees and disbursement), judgments , fines (including excise taxes assessed on a person with respect to an employee benefit plan) , and amounts paid in settlement incurred by him in connection with such action , suit , or proceeding and , if so requested , the Corporation shall advance (within two business days of receiving such written request) any and all such expense to the person indemnified ; provided , however , that (i) the foregoing obligation of the Corporation shall not apply to a claim that was commenced by the person indemnified without the prior written approval of the board of directors . Such right of indemnification shall inure whether or not the claim asserted in based on matters which antedate the adoption of this Article XII . Such right of indemnification shall continue as to a person who has ceased to be a director, officer, incorporator, employee, partner, trustee or agent 5

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and shall inure to the benefit of the heirs and personal representatives of such a person . The indemnification provided by this Article XII shall not be deemed exclusive of any other rights which may be provided now or in the future under any provision currently in effect or hereafter adopted of the bylaws, by any agreement, by vote of stockholders, by resolution of disinterested directors , by [provisions of law, or otherwise . ARTICLE XIII LIMIT A TIONS ON DIRECTORS ' LIABILITY No director or officer of the Corporation shall be personally liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer , except : (A) for acts or omi s sions that involve intentional misconduct , fraud or a knowing violation of law ; or (B) the payment of distributions in violation of Nevada Revised Statutes Sec . 78 . 300 . If the Nevada Revised Statutes of the State of Nevada or other applicable law , regulation or statute is amended after the date of filing of these Articles to further eliminate or limit the personal liability of directors or officers , then the liability of a director or officer of the Corporation shall be eliminated or limited to the fullest extent permitted by the Nevada Revised Statutes or such applicable law, regulation or statute , as so amended . Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification . ARTICLE XIV INTERESTED STOCKHOLDER STA TUTES The Corporation hereby expressly elects not to be governed by Nevada Revised Statutes Secs . 78 . 378 to 78.3792 inclusive , which restrict the ability of the control shareholder to vote his securities under circumstances unless certain procedures are followed, and Nevada Revised Statutes Secs . 78 . 411 to 78 . 444 inclusive, relating to combinations with interested stockholders , and any and all successor statutes . 6

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CERTIFICATE OF DESIGNATION SERIES A PREFERRED STOCK OF ZICIX CORPORATION There shall be a series of the voting preferred stock of the Corporation which shall be designated a s the " Series A Preferred Stock , " $0.0000 l par value , and the number of shares constituting such series shall be ONE HUNDRED MILLION (l 00 , 000 , 000). Such number of shares may be increased or decreased by resolution of the board of directors ; provided , however , that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than that of the shares then outstanding plus the number of shares i s suable upon exercise of outstanding rights , options or warrants or upon conversion of outstanding securities issued by the Corporation . 7 I . Dividends and Distributions . a . Subject to the rights of the holders of any shares of any series of preferred stock of the Corporation ranking prior and superior to the Series A Preferred Stock with respect to dividends , the holders of shares of Series A Preferred Stock , in preference to the holders of shares of Common Stock, $0.00001 par value (the "Common Stock ") , of the Corporation and of any other junior stock , shall be entitled to receive, when, as and if declared by the board of directors out of funds legally available for the purpose , quarterly dividends payable in cash on or about the first day of January, April , July and October in each year (each such date being referred to herein as a " Quarterly Dividend Payment Date ") , commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock , in an amount per share (subject to the provision for adjustment hereinafter set fotth) l times the aggregate per share amount of all cash dividends and I times the aggregate per share amount (payable in kind) of all non - cash dividends or other distributions , other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise) , declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date , since the first issuance of any share or fraction of a share of Series A Preferred Stock . In the event the Corporation shall at any time after July 1, 2010 (the " Rights Declaration Date ") declare or pay any dividend on the Common Stock , stock payable on the Common Stock , or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction , the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. b. The Corporation shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided , however , that in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date , a dividend of $. 0 l per share on the Series A Preferred Stock nevertheless be payable on such subsequent Quarterly Dividend Payment Date. c. Dividends shall begin to accrue and be cumulative on outstanding shares of Series A Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares , unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date , in which case dividends on such shares shall begin to accrue from the date of issue of such shares , or unless the date of issue is a Quarterly Dividend Payment Date or is a date after

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the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividend shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date . Accrned but unpaid dividends shall not bear interest. Dividends paid on the shares of Series A Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share - by - share basis among all such shares at the time outstanding. The board of directors may fix a record date for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon , which record date shall not be more than 60 days prior to the date fixed for the payment thereof. 2. Voting Rights . The holders of shares of Series A Preferred Stock shall have the following voting rights : a. Each share of Series A Preferred Stock shall entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the stockholders of the Corporation. b. Except as otherwise provided herein , the holders of shares of Series A Preferred Stock, the holders of shares of Common Stock, and the holders of shares ofany other capital stock of the Company having general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation . c. Except as otherwise set forth herein and except as otherwise provided by law , holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action . 3. Certain Restrictions . a. Whenever dividends or distributions payable on the Series A Preferred Stock as provided in Section l are in arrears, thereafter and until all accrued and unpaid dividends and distributions , whether or not declared , on shares of Series A Preferred Stock outstanding shall been paid in full , the Corporation shall NOT i. Declare or pay dividends on , make any other distributions on , or redeem or purchase or otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or upon liquidation , dissolution or winding up) to the Series A Preferred Stock ; ii. Declare or pay dividends on or make any other distributions on any shares of stock ranking on a parity (either as to dividends or upon liquidation , dissolution or winding up) with the Series A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled ; iii. Except as permitted in Section 3(a)(iv) below, redeem or purchase or otherwise acquire for consideration shares of any stock ranking on a parity (either as to dividends or upon liquidation , dissolution or winding up) with the Series A Preferred Stock, provided, however , that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock of the Corporation ranking junior (either as to dividends or upon dissolution , liquidation or winding up) to the Series A Preferred Stock; and iv. Purchase or otherwise acquire for consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the board of directors) to all holders of such shares upon such terms as the board directors , after consideration of 8

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the respective annual dividend rates and other relative rights and preferences of the respective series and classes , shall determine in good faith will result in fair and equitable treatment on the respective series or classes . b . The Corporation shall not permit any subsidiary of the Corporation to purchase or other acquire for consideration any shares of stock of the Corporation unless the Corporation could , under paragraph (a) of this Section 3 , purchase or otherwise acquire such shares at such time and in such manner. 4. Reacquired Shares . Any shares of Series A Preferred Stock purchase or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. The Corporation shall cause all such shares upon their cancellation to be authorized but unissued shares of Preferred Stock which may be reissued as part of a new series Preferred Stock , subject to the conditions and restrictions on issuance set forth herein . 5. Liquidation, Dissolution or Winding Up . a. Upon any liquidation (voluntary or otherwise) , dissolution or winding up of the Corporation , no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation , dissolution or winding up) to the Series A Preferred Stock unless , prior thereto , the holders of shares of shares of Series A Preferred Stock shall have received $1 . 00 per share , plus an amount equal to accrued and unpaid dividends and distributions thereon , whether or not declared , to the date of such payment (the "Series A Liquidation Preference ") . Following the payment of the full amount of the Series A Liquidation Preference , no additional distributions shall be made to the holders of shares of Series A Preferred Stock , unless, prior thereto , the holder s of shares of Common Stock shall have received an amount per share (the "Common Adjustment ") equal to the quotient obtained b y dividing (i) the Series A Liquidation Preference by (ii) I 000 (as appropriately adjusted as set forth in paragraph (c) of thi s Section 5 to reflect such e v ents as stock dividends , and subdivisions , combinations and consolidations with respect to the Common Stock (such number in clause (ii) being referred to as the Adjustment Number ") . Following the payment of the full amount of the Series A Liquidation Pr e ference and the Common Adjustment in respect of all out s tanding shares of Series A Preferred Stock and Common Stock, respectively , holders of Series A Preferred Stock and holders of shares of Common stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to I with respect to such Series A Preferred Stock and Common Stock , on a per share basis , respectively . b. In the event there are not sufficient asset s available to permit payment in full of the Series A Liquidation Preference and the liquidation preferences of all series of preferred stock , if any, which rank on a party with the Series A Preferred Stock , then such remaining assets shall be distribution ratably to the holders of such parity shares in proportion to their respectively liquidation preferences . In the event there are not sufficient assets a v ailable to permit payment in full of the Common Adjustment, then such remaining assets shall be distributed ratably to the holders of Common Stock . c. In the event the Corporation shall at any time after the Rights Declaration Dat e declare or pay any dividend on Common Stock payable in shares of Common Stock , or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment Number by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stok that are outstanding immediately prior to such event. 9

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6. Consolidation, Merger, Etc. In case the Corporation shall enter into any consolidation, merger , combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and / or any other property , then in any such case the shares of Series A Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share (subject to the provision for adjustment hereinafter set forth) equal to 1000 times the aggregate amount of stock , securities , cash and/or any other property (payable in kind) , as the case may be , into which or for which each share of Common Stock is exchanged or changed. In the event the Corporation shall at any time after the Rights Declaration Date declare or pay any dividend on Common Stock payable in shares of Common Stock , or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that are outstanding immediately prior to such event. 7. Redemption . The shares of Series A Preferred Stock shall not be redeemable. 8. Ranking . The Series A Preferred Stock shall rank junior to all other series of the Company ' s Preferred Stock as to the payment of dividends and the distribution of assets , unless the terms of any such series shall provide otherwise . 9. Conversion . At any time after a holding period of one day from the date of issuance, the Series A Preferred Stock may be converted to shares of Common Stock at a ratio of one (1) share of Series A Preferred Stock to 1000 common shares by the Company ' s transfer agent. At such time of voluntary conversion , the Holder shall submit the certificate representing the Series A Preferred shares to the company ' s transfer agent together with an opinion letter of qualified counsel and release of restriction resolution from the Corporation. Upon the release ofrestriction of the certificate(s) , the Corporation ' s transfer agent shall issue new Common Stock in the appropriate amount per conversion and cancel the relinquished preferred shares. l 0 . Fractional Shares. Series A Preferred Stock may be issued in fractions which are integral multiples of one one - hundredth of a share. Fractions of shares of Series A Preferred Stock may , at the election of the Corporation , be evidenced by depositary receipts , pursuant to an appropriate agreement between the Corporation and a depositary selected by the Corporation. The holders of such depositary receipts shall have all the rights, privileges and preferences to which they are entitled as beneficial owners of the Series A Preferred Stock represented by such depositary receipts . 10

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CERTIFICATE OF DESIGNATION SERIES B CONVERTIBLE PREFERRED STOCK OF ZIClX CORPORATION 11 ZICIX CORPORATION , a corporation organized and existing under the laws of the State of Nevada (hereinafter the "Corporation" or the " Company ") , hereby certifies that the following resolution was adopted by the Board of Directors of the Corporation as required by Nevada Law effective as of January 2 , 2020 : RESOLYEO , that pursuant to the authority granted to and vested in the Board of Directors of this Corporation (hereinafter called the " Board of Directors" or the "Board ") in accordance with the provisions of the Articles of Incorporation , the Board of Directors hereby creates a series of Preferred Stock, par value $0 . 00 I per share, of the Corporation , to be known as " Series B Convertible Preferred Stock" and hereby states the designation and number of shares, and fixes the relative rights , preferences , and limitations thereof as follows : Series B Convertible Preferred Stock : Section I . Designation and Amount. The designation of this series , which consists of 50 , 000 , 000 shares of Preferred Stock , is Series B Convertible Preferred Stock (the "Series B Preferred Stock " or "Preferred Stock") and the stated value shall be $0 . 001 per share. Section 2 . Liquidation Rights . In the event of any voluntary or involuntary liquidations , dissolution or winding up of the Corporation , the holders of Series B Convertible Preferred Stock shall be entitled to receive from the assets of the Corporation $0.00 I per share , plus accrued and unpaid dividends , if any, all of which shall be paid or set apart for payment before the payment or setting apart for payment of any amount for , or the distribution of any assets of the Corporation to , the holders of common stock or any other class of equity security in connection with such liquidation , dissolution , or winding up. Each share of Series B Convertible Preferred Stock shall rank on a parity with each other share of Series B Convertible Preferred Stock with respect to the respective preferential amounts fixed for such series payable upon any distribution of assets by way of liquidation , dissolution , or winding up of the Corporation. After the payment or the setting apart of payment to the holders of Series A and B Convertible Preferred Stock of the preferential amounts payable to them , the holders of Common Stock shall be entitled to receive all remaining assets of the Corporation, except as may be qualified in the Articles of Incorporation of the Corporation . The Corporation covenants and agrees that so long as the Series B Convertible Preferred Stock is outstanding , the Corporation shall not issue any equity security with a liquidation preference senior to the Series B Convertible Preferred Stock . Section 3. Conversion Rights . The holders of the Series B Preferred Stock shall have conversion rights as follows (the "Conversion Rights "): (a) Right to Convert . Each share of Preferred Stock shall be convertible without the payment of any additional consideration by the holder thereof and , at the option of the holder thereof , at any time after the date of issuance into four shares of common stock (the " Conversion Rate ") . (b) Mechanics of Conversion. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock , he shall surrender the certificate or certificates therefor, duly endorsed , at the office of the Corporation or of any transfer agent for the Preferred Stock and shall give written notice to the Corporation at such office that elects to convert the same . The Corporation shall , as soon as practicable thereafter , issue and deliver at such office to such holder of Preferred Stock a certificate or certificates for the number of shares of Common Stock to which he

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shall be entitled. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the shares of Preferred Stock to be converted and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common stock on such date. (c) Fractional Shares. In lieu of any fractional shares to which the holder of Preferred Stock would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the fair market value of one share of Common Stock as determined by the board of directors of the Corporation . The number of whole shares issuable to each holder upon such conversion shall be determined on the basis of the number of shares of Common Stock issuable upon conversion of the total number of shares of Preferred Stock of each holder at the time converting into Common Stock . (d) Adjustment of Conversion Rate . For so long as any shares of the Series B Preferred Stock are outstanding , if the Corporation : (i) issues and sells pursuant to an exemption from registration under the Securities Act (A) Common Stock at a purchase price on the date of i s suance thereof that is lower than the Current Market Price , (8) warrants or options with an exercise price representing a percentage of the Current Market Price with an exercise price on the date of issuance of the warrants or options that is lower than the agreed upon exercise price for the holder, except for employee stock options or stock incentive agreements of the Corporation , or (C) convertible , exchangeable or exercisable securities with a right to exchange at lower than the Current Market Price on the date of issuance or conversion, as applicable , of such convertible , exchangeable or exercisable securities , except for stock option agreements or stock incentive agreements ; and (ii) grants the right to the purchaser(s) thereof to demand that the Corporation register under the Securities Act such Common Stock issued or the Common Stock for which such warrants or options may be exercised or such convertible, exchangeable or exercisable securities may be converted , exchanged or exercised , then the Conversion Rate shall be increased so that the holders of Preferred Stock shall be entitled upon conversion of all unconverted Preferred Stock to receive that percentage of the outstanding common stock which they would have received had they converted immediately prior to any of the events set forth in (i) and (ii) above. For the purpose of any computation pursuant to this paragraph 4(d), the " Current Market Price" at any date of one share of Common Stock , shall be deemed to be the average of the highest reported bid and the lowest reported offer prices on the preceding business day as furnished by OTC Markets Group (the " Pink Sheets") (or equivalent recognized source of quotations); provided , however , that if the Common Stock is not traded in such manner that the quotations referred to in this clause are available for the period required hereunder , Current Market Price shall be determined in good faith by the board of directors of the Corporation, but if challenged by the holders of more than 50 % of the outstanding Preferred Stock , then as determined by an independent appraiser selected by the board of director s of the Corporation , the cost of such appraisal to be borne equally by the Corporation and the challenging parties. (e) No Jmpairn1ent. The Corporation will not through any reorganization, recapitalization, transfer of assets , consolidation , merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the provisions hereof. (f) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Rate pursuant to this paragraph 3, the Corporation at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to each holder of Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based . The Corporation shall , upon written request at any time of any holder of Preferred Stock , furnish or cause to be furnished to such holder a like certificate setting forth (i) such adjustments and readjustments , (ii) the Conversion Rate of the Preferred Stock at the time in effect, and (ii) the number 12

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of shares of Common Stock and the amount , if any , of other property which at the time would be received upon the conversion of such holder ' s shares of Preferred Stock. (g) Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of Preferred Stock such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of Preferred Stock, the Corporation will take such corporate action as may , in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose. (h) No Reissuance of Converted Shares . No shares of Preferred Stock which have been converted into Common Stock after the original issuance thereof shall ever again be reissued and all such shares so converted shall upon such conversion cease to be a part of the authorized shares of the Corporation. (i) Notices of Record Date. ln the event of any taking by the Corporation of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend) or other distribution , any right to subscribe for , purchase or otherwise acquire any shares of stock of any class or any other securities or property or to receive any other right , the Corporation shall mail to each holder of Preferred Stock at least twenty (20) days prior to such record date, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution or right , and the amount and character of such dividend, distribution or right. (j) Notices . Any notice required by the provisions of this Certificate of Designation to be given to holders of shares of Preferred Stock shall be deemed given if deposited in the United States mail , postage prepaid, and addressed to each holder of record at his address appearing on the books of the Corporation . Section 4. Registration Rights. The shares of Common Stock issuable upon conversion of Preferred Stock shall not have any registration rights . Section 5. Reacquired Shares. Any shares of Series B Convertible Preferred Stock acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof and may not be reissued . Section 6. Rank. The Series B Convertible Preferred Stock shall rank , with respect to the distribution of assets , senior to any and all other series of any other class of Preferred Stock except for Series A Preferred Stock. Section 7. Amendment. The Articles oflncorporation of the Corporation shall not be amended in any manner which would materially alter or change the powers, preferences, or special rights of the Series B Convertible Preferred Stock so as to affect them adversely without the affinnative vote of majority of the holders of the outstanding shares of Series B Convertible Preferred Stock, voting together as a single class. Section 8 . Equity Security. "Equity Security" shall mean a security of any class of stock, whether preferred or common, and any debt security which is convertible into a security of any class of stock , whether preferred or common. 13

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20254568908 Secretary of State State Of Nevada Filed On 12/30/2024 4:27:00 PM Number of Pages 3

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FRANCISCO V. AGUILAR Secretary of State 401 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov 4 T 5 C c 6 (Profit Corporation: Certificate of Amendment (PuRsuANTTO NRs 78.380 & 78.385/78390) Certificate to Accompany Restated Articles or Amended and Restated Articles (PuRsuANT TO NRs 78.403) Officer's Statement (P uRsuANT TO NRs 80 o3o) Date : [ - - Time : (must not be later than 90 days after the certificate is filed) . Effective Date and ime: (Optional) Changes to takes the following effect D The entity name has been amended . D The registered agent has been changed. (attach Certificate of Acceptance from new registered agent) D The purpose of the entity has been amended . � The authorized shares have been amended. D The directors , managers or general partners have been amended . D IRS tax language has been added. D Articles have been added . D Articles have been deleted . D Other . The articles have been amended as follows : (provide article numbers , if available) ! The Articles of Incorporation are amended ... see Attached . Information Being hanged: (Domestic orporations only) X WU Xuliang I Chief Executive Officer . Signature: Required) Title X Signature of Officer or Author ize d S i gner Title \* If any proposed amendment would alter or change any preference or any relative or other right given to any class or ser i es of outstanding shares , then the amendment must be approved by the vote , in addition to the affirmat i ve vote otherw i se required , of the holders of shares representing a majority of the voting power of each class or ser ie s affected by the amendment regardless to limitations or restrictions on the voting power thereof . Please include any required or optional information in space below: (attach additional page(s) if necessary) This form must be accompanied by appropriate fees. Page 2 of 2 Revised : 9/1/2023

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STATE OF NEVADA CERTIFICATE OF AMENDMENT OF ARTICLES OF INCORPORATION ZICIX Corporation (the " Corporation ") , a corporation organized and existing under and by virtue of the Nevada Revised Statutes of the State of Nevada , does hereby certify : FIRST : That the Articles of Incorporation of the Corporation is hereby amended by replacing the first paragraph of Article V, Section A entitled " Number and Designation . " : Number and Designation. The total nwnber of shares of all classes that the Corporation shall have authority to issue shall be FOURTEEN BILLION ONE HUNDRED MILLION (14,100 , 000 , 000) , of which FOURTEEN BILLION (14,000,000,000) shall be shares of common stock, par value $0 . 00001 per share)"Common Stock"), and ONE HUNDRED MILLION (I 00 , 000 , 000) shall be shares of preferred stock , par value $0 . 0000 I per share ("Preferred Stock ") . The shares may be issued by the Corporation fro m time to time as approved by the board of directors of the Corporation without approval of the stockholder except as otherwise provided in this Article V or the rules of a national securities exchange if applicable . The consideration for subscriptions to, or the purchase of , the capital stock to be issued by the Corporation shall be paid in such form and in such manner as the board of directors shall determine . The board of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible property or any benefit to the Corporation , or any combination thereof . In the absence of actual fraud in the transaction , the judgment of the directors as to the value of such consideration shall be conclusive . The capital stock so issued shall be deemed to be fully aid and non - assessable stock upon receipt by the Corporation of such consideration . In the case of a stock dividend, the part of the surplus of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to be the con s ideration for their issuance . SECOND : The vote b y which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power , or such greater proportion of the voting power as required in the case of a vote by classes or series , or as may be required by the provisions of the articles of incorporation have voted in favor of the amendment is 5 3 OS % . IN WITNESS WHEREOF, said corporation has caused this certificate to be signed this 30th day of October, 2024 . By: WU XuLiang Chief Executive Officer and Director

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20244561740 Secretary of State State Of Nevada Filed On 12/30/2024 10:53:00 AM Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20244119927 Filed On 6/11/2024 12:22:00 PM Number of Pages 3

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12 : 22 : 27 p . m . 06 - 11 - 2024 7 I 18178871604 - i ro: Page : 7 of 8 2024 - 06 - 11 19 : 23:44 GMT 18178871604 From: EN FRANCISCO V. AGUILAR Secteta,y ofState 401 North ca . rson Stre � t Car . son City ; N _ ,vac;ta 8$701 - 4201 (TTS). 684 - 5708 Website: www ; nvsos.gov 4 T s C c 6 Profit Corporation: Certificate of Amendment

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12 : 22 : 21 p . m . 06 - 11 - 2024 s 1 18178871604 7 ro : Page: 8 of 8 2024 - 06 - 11 19:23 : 44 GMT 18178871604 From: EN Information being chanied . (continuation) Article V, Capital Stock, Section A; ofthe . Articles oflncorpotation is amended, as follows : Number and Designation. The total number ofshares ofall classes that the Corporation shall have authority to issue shall be TWELVEBlLLION SEVEN HUNDRED MILLION (12 , 700 , 000,000), ofwhich TWELV E BILLION SlX HUNDRED MILLION (12,600 ; 000 - ,000) shall be shares - of common stock, par value $0.00001 p . et share (� iCommon Stock;' .), � d ONE HUNDRED MILLION (I 00,000,000) shall be shares of preferred stock < par value $0.00001 per share ("Preferred Stock"). The shares may be issued by the Corporation from time to time as approved by the board of directors ofthe Corporation without approval of the stock.bolder _ except as otherwis - e provided in this Article V or lhe rules of a natio nal securities - exchange if applicable. The consideration for subscriptions to , or the purchase of , the capital stock to be issued by the Corporation shall be paid in such fom1 a:i;td in such manner as the board of directors . shall determine. The board of directors may authorize capital stock to be issued for consideration consi � iing of cash, an,y tangible or intangible property orany benefit o the Corporation, or ar,y combmation thereof. In the absence of actual fraud in the transaction_, the judgment of the directors as to the value of such consideration shall be conclusive. The cap . ital stock so issued shall be deemed to be fully paid and non � assessable stock upon receiplby the Corporation of suchconsideration, In the case of a stock dividend , the part ofthesurplus of the Corporation whichis trausferred to stated capital . upon theissuance . of shares asastockdividend shall be deemed to be the consideration for the.ir issuance.

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20222414546 Secretary of State State Of Nevada Filed On 6/22/2022 9:32:00 AM Number of Pages 3

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BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov Profit Corporation: Certificate of Amendment (PuRsu,,NrroNRs1a.3aoa.1a . 3asna . 39o> Certificate to Accompany Restated Articles or Amended and Restated Articles (PuRsuANr ro NRs 78.403) Officer's Statement (PuRsuANr rn NRs ao . o3o) 4. Effective Date and Time: (Optional) Dale: Time: (Must no1be later than 90 days after the certificate i s filed) 5 . Information Being Changed: (Domestic corporations only) ===> 6. Signature: (Required) Changes to takes the following effect: The entity name has been amended . The registered agent has been changed. (attach Certificate of Acceptance from new registered agent) The purpose of the entity has been amended . x The authorized shares have been amended . The directors, managers or general partners have been amended. IRS tax language has been added. Articles have been added . Articles have been deleted. Other. The articles have been amended as follows : (provide article numb1 \ s . if availa · b · le) iJRfit/e 1L Chf)if �{,.. � fD4<, - me: 1cftt - l f't111rJf,e.s o,·11 - JI QL/15 �.{ A.1 · fh"R 1 0 jz.,u, To C / <,co, 00,0t' �. \ Ccl'fiflo � s f,c.J< •f'c (/ 1 Se, � tctJ01c_) 1'1'1 1 (attach add1 � nal page(s) 1f necessary) fi, , , , /00. /t;, x Signature of Officer or Author i zed Signer Title •1f any proposed amendment would alter or change any preference or any relative or other right g i ven to any c l ass or series of outstanding shares, then the amendment must be approved by the vote , in addition to the aff i rmative vote otherwise required. of the holders or s h ares representing a majority or the vot i ng power of each c l ass or series affected by the amendment regardless to li mitations or restrictions on the vot i ng power thereof . Please include any required or optional informal.ion in space below: (attach additional page(s) if necessary) This form must be accompan i ed by appropriate fees. Page 2 o!;, Re • 11 s 1, d : 1/1120 £l

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Zicix Corporation Attachment to: Certificate of amendment to articles of incorporation For Nevada profit corporation 1. Name of corporation: Zicix Corporation 2. The articles have been amended as follows(provide article numbers, if available) Article V Capital Stock A. Number and designation. The total number of shares of all classes that this corporation shall have authority to issue shall be ONE BILLION SIX HUNDRED MILLION (1,600,000,000, of which ONE BILLION FIVE HUNDRED MILLION (1,500,000,000) shall be shares of common stock, par value $0.001 per share (" Common Stock") and ONE HUNDRED MILLION (100,000,000) shall be shares of preferred stock, par value $0.0001 per share ("Preferred Stock"). loll The Shares may be issued by the corporation from time to time as approved by the board of directors of the corporation without the approval of the stockholders except as otherwise provided in this article 5 or the rules of a - - cont'd 3. The vote by wage the stockholders Holdings a Shares in the Corporation entitling them to exercise at least a majority of the voting power, or search greater proportion of the voting power as may be required in the case of a vote by classes of series, or as may be required by the provisions of the articles of incorporation\* have voted in favor of the amendment is: greater than 51.0%. 4. Effective date: June 22, 2022 � Si �� re : (Required) X ' . Signature o Officer

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20200997178 Secretary of State State Of Nevada Filed On 10/22/2020 1:59:00 PM Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20200992880 Filed On 10/21/2020 8:26:00 AM Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20200718420 Filed On 6/10/2020 2:28:00 PM Number of Pages 6

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CERTIFICATE OF DESIGNATION SERiES B CONVERTIBLE · P ' REFERRRD STOCK OF ZICIXCORP. ZICJX CORP., a corporation organized and existing under the Laws of the State of Nevada (hercinafier the 11 Corporation" or the ''Company"), hereby certifies that the foUowiug resolution was adopted by the Boat'd of Directors of the Corpot - ation as required by Nevada Law effective as of January 2, 2020: RESOLVED, that pursuant to the authol'ity granted to and vested in the 'Board ofDirecit'.>t's of this Corporation (hereinafter cal1ed the "Board ofDirectors 1 ' or the "Boru:d") in aooordance with the pt'Ovisions of the Articles of Incorporation, the Board of Dit"eetors hereby ere � aseries of Preferred Stook, par value $0.001 per share, of the Corporation, to be known as "Series B Convertiblo Pt'efer.red Stock" and hereby states the designation and number of shares)' and, fixes the .relative Iights, preferences, and limitations thereof llS follows: Series B Convertible Prefeued Stock: Section · LDesigna.tion and Arno - untThe designation of this sel'ies, which. consist.<; of 50,000,000 shares of Preferred Stock, is Series B Convel'tible Preferred Stock (the "Series B - Preferred Stockn or \*Preferred Stock'>) and the stated value shall be $0.001 per share. Section 2.Liquidation Rights [n the event of any voluntary or involuntary liquidati � dissolution or winding up oftbc Corporation, the holders of Series B Conve . rtibJe Preferred Stock shall bo entitled to receive from the assets of the Co1·poretion $0.001 per share, pfos accrued and unpaid dividends � if any, all of which shall be paid or set apart for payment before the payment or setting - apart for payment ofany amount for, or tho distribution of any assets of the Corporation to, the holdcts of common.stock or any otlrer class of equity security in connection with 1

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such liquidation, dissolutio � or winding up. Each share of Series B Convertible Preferred Stock shall rank on a parity with each other share of Series B Convertible Preferred Stock, with respect to the respective preferential amounts fixed for such serfos payable upcn any distl'ibution of assets by way of liquidation. dissolution, or winding up of the Corporation. After the payrnent or the setting apart of payment to tl'1e holders of Series A and B Convertible Preferred Stock of the p1'efe � ntia1 amounts paya � le to th01n, the holders of Common Stoek shall be entitled to receive all remaining assets of the Corporation, except as may be qualified in the Articles of Incorporation of the Corporation. The Corporation covenants and agrees that so long as the Seri.es B Convertible Preferred Stock is outstandin& the Corporation shall uot issue any equity security with a liquidation preference senior to the Series B Convertible Prefen - cd Stock. Section 3. Conversion RightsThe holders of the Series B Preferred Stock shall have conversion rights as follows (the "Conversion Rights"}: ta) Right to Convert. Each shro - c of Preferred Stock shall be convertible wlthout the payment of any additional consideration by the holder thereof and, at th � option of the holder thereof Ź at any tiine after the date of issutince into four shares of common stock (the c � conversion Rate'') (b}Mechanics of Conversion. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock, he shall sut•re . nder the certificate ur certificates therefor, duly endorsed, at the • Office of the Corporation or of any transfe1· agent for the Preferred Stock and shall give written notice to the Corporation at such office that he elects to convert the same. The Corporation shall, as soon as practicable thereafter, issue and delivel' at such office to such holder of Preferred Stock a certificate or certificates for the number of shares of Common Stock to which he shall be entitled. Such conversion shall be deemed to have been n1ade immediately prio . r to the close of business on the date of such surrender of the shares of Preferred Stock to be converted and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shaU be tl'eated for all purposes M the record holder or holders of such shares of Common Stock on such date. cc) , Fractional Shares . ln lieu of any fractional snares to which the holder of Preferred Stock would otherwise he entitled, the Corporation shall pay cash equaJ to such fraction multiplied by the fair market value of one share of Common Stock a . 11 determined by the boai - d of directors of the Corporation . The number of whole 2

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shares issuable to each holder upon such conversion shall be det:ern1iood on the basis of the - number of shores of Common Stock issuable upon conversion of the total number of shares of Preferred Stock of each holder at the tirne converting into Common Stock. (d}Adjllstment of Conversion Rate. For so long Ill$ any shares of the Series B Preferred Stock are Ol} � tarn:ling, if the Corporation: {i) issues and sells pursuant to an exemption - from registration under the Securities Act (A) Common Stock at a purohase price on t he date of issuance thereof 1hat is lower than the Current Market Prk - c, (B) warrants or options with an exercise price representing a · percentage of the Current Market Price with an exercise price on the date of issuance of the wnrrants or options that is lower than the agreod upon exercise price for Ute holder. except for employee stock option agreements or stock incentive agreements of the Corporation. or (C) convertibJo � exchangeable or oxercisable securities · with a righ t to exchange at lower thtm the Current Mt.rlcc t Plice on the date of issuance or conversion, as ¥plicable ,. of such convertibl � exchangeable or exerci � le securities , � cept fur stock option agreeinents or stock incentive agreements; and (ii) gl'ants the right ro the purche.ser(s) thereof to demand that the Corporation register under the Securities Act such Common Stock issued or the Common Stock fo1· whfoh such warrants or options may be exercised or such conv ' ertible, exchangeable or exercisable Kccurities may be converted. exchanged or exercised � then the Conversion Rate shall be increased so that the holders of Preferred Stock sha ll be entitled upon conversion of aU uncon v erted Preferred · Stock to t � e that percentage of the outstanding common stock which they would have received had they converted immediate l y prior to any of the events set forth in (i} and (ii) above.. • For the purpose of any computati � n put'suant to this parngrnph 4(d), tl � c ''Current Market Price'' at any : date of one shate · ofCommon Stock, shall bed · eemed to be the average of the highest repol'ted bid and the lowest reported offer prices on the preceding business day as furnished by OTC Markets Group (the .. Pink Sheets"X or equivalent recognized source of quotations) ; proltid � howeve r, that if the Common Stock is not traded in such manner that the quotations referred to ill this c � se (viii) al'e available for the period required hereundel', Cu � nt Market Price shall be determined iri goild faith by the board of dit'ectors of the Corporation, but if challenged by the holders of more th.an 50% of the outstanding Preferred Stock, then as determined by an independent appraise1· selected bytne board of direc'tors of the Corporation , the cost of such appraisal - to be bo.rne equally by the Corporation and the challenging parties. 3

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. (cJ No Tmpairmcnt. 111e Corporation . will not through any reorganization. recapita1ization1 transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action � avoid or seek to avoid the observance or performance of any of the provisions hereof. (s) Certificate as to Adjustments. Upon the occunence of each adjustment or !'eadjustment of the Conversion Rate pursuant to this paragraph 4, (he Corpot'ation at its expense shall pmmptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to each holder of Preferred Stock a ce1tificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Corporation shall, upon written request at any time of any hol

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right, the Corporation shall mail to each holder of Pl'eferred Stock at least twenty (20) days pdor to such record date, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution or right, and the amount and character of such dividend, distribution or right. (j) Notices . Any notice required by the provisions of this paragraph 6 to be given to holders of shares of Preferred Stock shall be deemed given if deposited in th e · united States mail . Jmstage prepaid, . and addressed to each holder of record at his address appearing on the books of the Corporation . Section 4. Registration Rights. The shares of Common Stock issuable upon conversion of Preferred Stock shall not have any registration rights. Section 5.Reacquired Shares. Any shares ofSel'ies B Convertible Preferred Stock acquired by the Corporation in any manner whatsoever shall be retired and cancelled prompt]y after the acquisition thereof and may not be reissued. Section 6. Rank. The Series B Convertible Prcfer � ed Stock shall rank, with respect to the distribution of assets, senior to any Md all other series of any other class of Preferred Stock except Series A Preferred Stock.. Section 7. Amendment. 'I'he Articles of Incorporation of the Corporation shall not be amended in any mannel' which would materially alter or change the powers, preferences, or special rights of the Series B Convertible Preferred Stock so as to affect them adversely without the affirmative vote of majority of the ho]ders of the outstanding shares of Series B Convet1ible Preferred Stock, voting together as a single class. Section 8. Equity Security. "Equity Securiti 1 shall mean a security of any class · of stock � whether preferred or common, and any debt security which is convertible into a security of any class of stock, whether preferred or common. [N WITNESS WHEREOF:. this Certificate of Designation is executed on behalf of the Corporation by its President as of this 2nd day of January, 2020. _s/ William A. Petty_ William A Petty President and CEO 5

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20190256344 - 76 Secretary of State State Of Nevada Filed On 06/13/2019 Number of Pages 8

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Certificate of Amendment Name of corporation: Zicix Corporation The Artlcles have been amended as follows: Article V Capital Stock Page 2 national securities exclrnnge if applicable. The consideration for subscriptions 10, or the purchase of, the capital stock to be issued by a corporation shall be paid in such form and in such maimer as the board of directors shall determine. The ':)oard of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible prope,ty or any benefit to the corporation, or any combination thereof. In the absence of actual fraud in the transaction, the judgment of the directors as to the value of such consideration shall be conclusive. The capital stock so issued shall be deemed to be folly paid and nonMassessab!e stock upon receipt by the corporation of such consideration. In the case of a stock dividend, the part of the suiv!us of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to De tbc consideration for their issuance. A description of the different classes and series (if any) of the Corporation's capital stock and a statement of the relative powers, designations, preferences and rights of the shores of each class and series (if any) of capital stock, and tbe qualifications, limitations or restrictions thereof, are as follows:

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Certificate of Amendment Name of corporation: Zicix Corporation The Articles have been amended as follows: Article V Capital Stock Page 2 of 7 national securities exchange if applicable. The consideration for subscriptions to, or the purchase of, the capital stock to be issued by a corporation shall be paid in such form and in such manner as the board of directors shall determine. The board of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible property or any benefit to the corporation, or any combination thereof. In the absence of actual fraud in the transaction, the judgment of the directors as to the value of such consideration shall be conclusive. The capital stock so issued shall be deemed to be fully paid and non - assessable stock upon receipt by the corporation of such consideration. In the case ofa stock dividend, the part of the surplus of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to be the consideration for their issuance. A description of the different classes and series (if any) of the Corporation's capital stock and a statement of the relative powers, designations, preferences and rights of the shares of each class and series (if any) of capital stock, and the qualifications, limitations or restrictions thereof, arc as follows: B. Undesignatcd Common Stock. Shares of Common Stock not at the time designated as shares of a particular series pursuant to this Article (V)(B) or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series or without any distinctive designation. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of Common Stock and each series shall have a distinguishing designation. C. Common Stock . Except as provided in these Articles or the designation of any series or class of capital stock, the holders of the Common Stock shall exclusively possess all voting power. Subject to the provisions of these Articles, each holder of shares of Common Stock shall be entitled to one vote for each share held by such holders. Whenever there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class or series of stock having preference over the Common Stock as to the payment of dividends, the !Ull amount of dividends and sinking fund or retirement fund or other retirement payments, if any, to which such holders are respectively entitled in preference to the Common Stock, then dividends may be paid on the Common Stock, and on any class or series of stock entitled to participate therewith as to dividends, out of any assets legally available for the payment of dividends, but only when and as declared by the board of directors of the Corporation.

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Page 3 of 7 In the event of any liquidation, dissolution or winding up of the Corporation, after there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class having preference over the Common Stock in any such event, the full preferential amounts to which they arc respectively entitled, the holders of the Common Stock and of any class or series of stock entitled to participate therewith, in whole or in part, as to distribution of assets shall be entitled, after payment or provision for payment of all debts and liabilities of the Corporation, to receive the remaining assets of the Corporation available for distribution, in cash or in kind. Each share of Common Stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of Common Stock of the Corporation. D. Serial Preferred Stock. Shares of Preferred Stock not at the time designated as shares of a particular series pursuant to this Article (V)(D) or any other provision ofthese Articles of Incorporation may be issued from time to time in one or more additional series. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of Preferred Stock and each series shall have a distinguishing designation. Each share of each series of serial preferred stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of the Corporation of the same series, except the times from which dividends on shares which may be issued from time to time of any such series may begin to accrue. E. Series A Preferred Stock . There shall be a series of the voting preferred stock of the Corporation which shall be designated as the "Series A Preferred Stock:' $.0001 par value, and the number of shares constituting such series shall be ONE HUNDRED MILLIO>J (100,000,000). Such number of shares may be increased or decreased by resolution of the board of directors; provided, however, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than that of the shares then outstanding plus the number of shares issuable upon exercise of outstanding rights, options or warrants or upon conversion of outstanding securities issued by the Corporation. 1. Dividends and Distributions . a) Subject to the rights of the holders of any shares of any series of preferred stock of the Corporation ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of shares of Common Stock, $.ODO1 par value (the "Common StocK'), of the Corporation and of any other junior stock, shall be entitled to receive, when, as and if declared by the board of directors out of funds legally available for the purpose, quarterly dividends payable in cash on or about the first day of January, April, July and October in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date''), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (subject to the provision for adjustment hereinafter set forth) 1 times the aggregate per share amount of all cash dividends and 1 times the aggregate per share amount (payable in kind) of all non - cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or

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Page4of7 otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time after July 1, 2010 (the "Rights Declaration Date") declare or pay any dividend on the Common Stock, stock payable on the Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or othef'.vise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. b) The Corporation shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided, however, that in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of$.01 per share on the Series A Preferred Stock shall nevertheless be payable on such subsequent Quarterly Dividend Payment Date. c) Dividends shall begin to accrue and be cwnulativc on outstanding shares of Series A Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of Series A Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share - by - share basis among all such shares at the time outstanding. The board of directors may fix a record date for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof. 2. Voting Rights. The holders of shares of Series A Preferred Stock shall have the following voting rights: a) Each share of Series A Preferred Stock shall entitle the holder thereof to I 00 votes on all matters submitted to a vote of the stockholders of the Corporation. b) Except as otherwise provided herein, the holders of shares of Series A Preferred Stock, the holders of shares of Common Stock, and the holders of shares of any other capital stock of the Company having

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Page 5 of 7 general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation. c) Except as othef \ visc set forth herein and except as otherwise provided by law, holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action. 3. Certain Restrictions. a) Whenever dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall Not i. declare or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock; ii. (ii) declare or pay dividends on or make any other distributions on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on \ .Vhich dividends arc payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; iii. except as permitted in Section 3(A)(iv) below, redeem or purchase or otherwise acquire for consideration shares or any stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Preferred Stock, provided, however, that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock of the Corporation ranking junior (either as to dividends or upon dissolution, liquidation or winding up) to the Series A Preferred Stock ; and iv. purchase or othenvise acquire for consideration any shares or Series A Preferred Stock, or any shares of stock ranking on a parity with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the board of directors) to all holders of such shares upon such terms as the board of directors, after consideration ofthc respective annual dividend rates and other relative rights and preferences oft.he respective Series and classes, shall determine in good faith will result in fair and equitable treatment among the respective series or classes. b) The Corporation shall not permit any subsidiary ofthe Corporation to purchase or otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation could, under paragraph (A) of this Section 3, purchase or otherwise acquire such shares at such time and in such manner.

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Page6of7 4. Reacquired Shares. Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and canceled promptly after the acquisition thereof. The Corporation shall cause all such shares upon their cancellation to be authorized but unissued shares of Preferred Stock which may be reissued as part of a new series of Preferred Stock, subject to the conditions and restrictions on issuance set forth herein. 5. Liquidation, Dissolution or Winding UP. a) Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Corporation, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock unless, prior thereto, the holders of shares of Series A Preferred Stock shall have received S1.00 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the "Series A Uquidation Preference"). Following the payment of the full amount of the Series A Liquidation Preference, no additional distributions shall be made to the holders of shares of Series A Preferred Stock, unless, prior thereto, the holders of shares of Common Stock shall have received an amount per share (the "Common Ac{justmenl ") equal to the quotient obtained by dividing (i) the Series A J,iquidation Preference by (ii) 100 (as appropriately adjusted as set forth in paragraph (C) of this Section 5 to reflect such events as stock dividends, and subdivisions, combinations and consolidations with respect to the Common Stock) (such number in clause (ii) being referred to as the "Ac{justment lv'umber'). Following the payment of the full amount of the Series A Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Series A Preferred Stock and Common Stock, respectively, holders of Series A Preferred Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to 1 with respect to such Series A Preferred Stock and Common Stock, on a per share basis, respectively. b) In the event there are not sufficient assets available to permit payment in full o1lhe Series A Liquidation Preference and the liquidation preferences of all other series of preferred stock, if any, which rank on a parity with the Series A Preferred Stock, then such remaining assets shall be distributed ratably to the holders of such parity shares in proportion to their respective liquidation preferences. In the event there are not sufficient assets available to permit payment in full of the Common Adjustment, then such remaining assets shall be distributed ratably to the holders of Common Stock. c) In the event the Corporation shall at any time after the Rights Declaration Date declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares or Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment 1 \ 'umber by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator ofwhieh is the number of shares of Common Stock that are outstanding immediately prior to such event.

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Page 7 of 7 6. Consolidation. Merger. etc . In case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock arc exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of Series A Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share (subject to the provision for adjustment hereinafter set forth) equal to 100 times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is exchanged or changed. In the event the Corporation shall at any time after the Rights Declaration Date declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that are outstanding immediately prior to such event. 7. Redemption. The shares of Series A Preferred Stock shall not be redeemable. 8. Ranking. The Series A Preferred Stock shall rank junior to all other series of the Company's Preferred Stock as to the payment of dividends and the distribution of assets, unless the terms of any such series shall provide otherwise. 9. Conversion. At any time after a holding period of one day from the date of issuance, the Series A Preferred Stock may be converted to shares of Common Stock at a ratio of one (1) share of Series A Preferred Stock to 100 common shares by the Company's transfer agent. At such time of voluntary conversion, the Holder shall submit the certificate representing the Series A Preferred shares to the company's transfer agent together with an opinion letter of qualified counsel and release of restriction resolution from the Corporation. Upon the release of restriction of the certificate(s), the Corporation's transfer agent shall issue new Common Stock in the appropriate amount per conversion and cancel the relinquished preferred shares. 10. Fractional Shares. Series A Preferred Stock may be issued in fractions which are integral multiples of one one - hundredth of a share. Fractions of shares of Series A Preferred Stock may, at the election of the Corporation, be evidenced by depositary receipts, pursuant to an appropriate agreement between the Corporation and a depositary selected by the Corporation. The holders of such depositary receipts shall have all the rights, privileges and preferences to which they are entitled as beneficial owners of the Series A Preferred Stock represented by such depositary receipts.

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20170487128 - 00 Secretary of State State Of Nevada Filed On 11/16/2017 Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20170177358 - 11 Filed On 04/24/2017 Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20160448506 - 46 Filed On 10/11/2016 Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20110061859 - 03 Secretary of State State Of Nevada Filed On 01/26/2011 Number of Pages 13

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• •••• • . ', ' .. . . ,, ' . ' ROSS � lµER - � ryof,State 204 Narttf - Carson &tteet . _Sulte 1 Carson City, N . wda 89701 -- 4520 (775) 118 + 5708 • WabRita :: - www . nwos . gov Arti¢ies. ofMerger (P • U • RS U • A • • N P T T a O g · N e R 2 S·Q2 f • t..200J USE.IN.ACK INKONLY. D0 NOT HIGHL.JGHT ABOYE·SPACE"IS.fOR.UFFlCE U8E ONLY 2) Forwarding addrt,,G&wh.,..eopi.a ofprocess.maybe � bythe! �.ofState of • Nevada (if_a .,Vreign_..ermty_,is ·ttw - survivor Ill th � l1'MN"9'I'" •.. NRS '824.1. 90); - ••• • • - ·· -- · '' ------- · -------- · - • - ' ----- --- ·. do: IK'I Ƒ The u � ned declares that aplan.of merger has been adoplect by �(NRS9 ��• _C(l,nstfbJent enltty Tho underslgned'deol"""' that a plan of_.,...... adoplad by,,,.......,....,,_ -- •2A.180). • • • • • • • 4) Owner". approval{HRS 9 �) (Options a. b or c must be used, N appllcabJe. tar each - entity): Ƒ lf there are•ntOre tl)an four merging 9J1titiN. check box and attach.an 8 1r.!• x 11 � bJank..ehl,et containing the raq � il'lld infl;lnnatian for each addlllonal entity from the appropriale $action of • • article - folar.• (a) OWner's approv.$11 was not. required from ... , Name of _me_rg � nu eotity, If epplicabie Name of merging enticy,_ if :appljcable - ---- - - - -- . - ' - -- · --- - Name of merging entity, rf applicable Narrttl of merging entity, tf eppl!oabk) and, or. .Name of surviving er \ .ttty, if Bppl,icable JJ,jsfom, must.be accompanledbyaP/)frJptials ,.,,.., ' ' - ' ' ' ' ' ,, '' ' :; '

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�'!f' - 204.;.orth Canson Streat,··suita 1 •• - � City,Navada88791 �(175) 884 - 57118 . . • · �= - ��� JIOS.gov ,; ArtieJes of Merger (PURSUANT TQ NRS !!2A.200) Page3 ·, USE·BI.ACKNK. - Otill..Y - .[)()N()'TlftGHLKIMT ABO'IE:8PACE,S FOR OFl=ICE _US£ ONLY: (b) The plan was apf)rowd by the requimd � of the ownen: of �:Zicix � n_ · �, - . - · ----- "' ······ - ·· - . - --- ··· - · -- ··· - ··· - , Name of merg_lng .entity. if applicable - -- -- - ' - · - ....... ", Jledma Corporation , - Namiof � rg_ing :.nttty; .If appll � l:He ·····. -- · · --- ···· ,, Name, of.merging entity, if appli � bte - ,, • ·· - · --- ··· - ········ --- · ---- - Narne·of rrierglng entity, It'appticabl � and, or, ; Zicix ��}' - - · - ·.. · •·· - --- . Narrie: QfSurytring 8nttty, if·appllcable• .... J • Unless otherwlae PfOV!ded In the oortificate � bust or - governing ll' \ Strument of a Mines$ tru$t.·e.n,erger mu&t be ap � by all the Jru&lee& and_benef'dal·owners.meach.bi,wi � trust ttvtt Iii. a coostltuent .,,ut:y in themerger. •

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' � MILLER" · �_of.:Sbrte :le4Nortt,C. - .8 - l.swte1 �:City 1 :N. - .,ada•.8&701o4520 r,T5)tlllU708 • Webaita! ;WWW. � gov Attictes.9f Merger (PURSUAII/T TD NRS 92A.200) Pa.ge4 use' �,INK ONLY - ooNOrtUGHLJ;Hr, - � IPACEis:FOR.OFFICEUSEONLY (e} Approval of plan of ni.ergetfpr Nevada non - profit corporation (NRS 92A.160): ·Toe plan of merger _has been aw.owed by the directors of th& corporatiol'I Md by eaph ,public omc.r or,pther person who6e, apPfOWI of the plan bf merger is raq � ired by h: artjcies,·or � rpomtioh ofth1;1'd0tnestii': Ctlrporet16n. •• •••• ---- ••• - •••• - ••• ,••••• • --- ••••• ' ,.••,• . ' •c - •• ' '.'·•,.,co ..,,. •. - '•· - • - • -- ••,/ _,•.:.· ......... .• . · - , • . • . · - · - • • · • " • · ~ ·· - • · - •••·• • "• •• - • -- •• - �' • -- •• - •, ,..•.. ,.,.•w �•. •• ,••~•,••• '; .,. •••) ,Name Of mergmg,enttt:y." tf ePPltceble Name of rnargtng. entity, if applicable Name of "18'111 �·errtiti, ff applicable ····· -- ·· ......... ..• ------ · . , . .. arnt or; Ne.me of :SU:rvivi:ng en:ttty, If al)p(k:able . - •. r .. ·::: �.·._ - .·_·,·0..t _t.·· ��:r: - - �. � it i . . :, ,;;.,. \ :J;j_; �,·.{.;, �· �: - ·,;,':.t· ;:.. •,r• J '·"</P

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. • _ ' • . • . • .. . • ... ·. ''.. ,, ',' . ' " ', " ' ROSS"'LJ.£R _...,.ic,f_ . 204:'NOrthCiarson street. Suite 1 Cinon Cityt ""a.vada 887D1. - 4420 (175) �08··· • web&lte: www.nvsos..gov .A,tjclesiof NJerger. (PURSLJAl'f{ tq.NRS �2A.200) • •• ···Page$5) Amendmall � If.any, to the articlti or car:ttflcate ofthe s � rvi:vb'ig'41ntft)'. � article l'lw:nbets, ·if lMl:ilabla. (N �82A.200)•: • -- - . .. - · - ··· - · ---- · -- · - ------- ·· --- �- -- • - , .. ,_ . . ._ - --- · - · ------ · - ····· ------- ' '·_, ,,_,_ . ,, ,,_ :fir (a)Theenttre plan otmerger � attached: or, Ƒ . (b) The.enrfre plan of - me � i&on file - at'lhe registered' pffloe 'oftl)e sul' \ IM �- �. l \ miled - Uability . . . company or business irust, ot at 1he record!!. office' ad �!"865·if a - rlJJJited p$tb'IEli'Shlp, or other place o1' businessoftheaurviving enttty{NRS 92A..200). • • 7) Effa,:tive dato (opllol:laQ"': 'Jauamy 1A 21111 ,· -- • - - ·· -- , - ---------- . ... ----- · . . .' • Amended a_nd rastated articles � y be atiachad'as.an: � iblt Ot - integratetj lntcdhe - arti<;les·of mergHr. Pleese entltl_ethem •ReMa:fed" or"'Amendad and.Ratated. � accordingly.. The foim to B(:(;(lmpeny restated,artides � bed - by.rthe. � of9tate must aceompany the amended and/or restated article&. Pursuant to NRS S2A.180 {marQer of·subskfimy·irito parent - .:. Nevada • pareint owniRg 90% or more of subsidiary); the alrtickts .of m•{ier may not contain amendments to the eonstiluertt: documents of the swviving er'Wl)' except that the name ofthe.survivlng·ent11y may be changed. • . - •. ·' - A, merger takes effect upon - ffllr \ g the· � cla& of � or upc)n a later dale as··specifled in the �- Y;!f,ichmust not be more ' �90 do1}'8 afttlr � M!cies. ere filed (N �.92A.240).

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ROSSMILLER $ecretary of Stirte' ;' s1J4Northea..o,.SO - , Su;i. 1 Carson CHy,.Nevada 89701 - 4520 (775)684 - 5708 W.t,site: www.nvsos.lfO'W" Articles of Merger (PURSUANT TO NRS 92A.200) Page 6. ,' USE Bl.ACK JNK ONLY. - DO:J«)T HlGHUGHT 0 ABQVE"BPACE Ŷ RJR<>ffµ:URONLT' 8) s;g,,;,i...... Must be slgoed t,y, Ao offioeroleach NBYada corpon,tion; AJI �· - ar ·eacll Nevada Hrt:aited pa � ip; � Igeneral partners al' each. �- lln:'l � llty llmJbi!d � ip;"A � ofl!Ml:dl �·1i'"itad - liabilitycampanywlth·fl'.Nlll89ers0f'. �. RIIH11ba - ifthent.atll nomanagers.; 'A:t;ustee of eiich··Ni!vadabuslness trust (NRS.. 92A.230)\* Ƒ If there are more than four merging entffles, chec;,k.box and. at;btclian 8 1/2"·x·.1.1• blank sheet containing the requited lnfDrrnalion tor each additiOf'.laJ entity .from «rtide � L JWerra Corporation �� n � ruJ&L_ cci - = =·'= - ------- •itrl412Dl1 � re ·. . .• . · • • Title pate : l z;c;. � r,,...,.,..;..., . Name of merging EtOtity X Slgnffll,lnJ Title Date and, , ' ' • The &rttdes of merger mU:sl: be - signed by ead \ f0teign constituent entity in.the man �.pmvided by the lfJW Pemlntl It(NRS. 92A230). AdditiOnal signa:ture bkJcks may be added tt,_1rui,_ �·or:;1S an �� inent. as rieeded, IMl)ORTANT: Failu �- � inch.Ide any_ of the above .Information and $Ubmit - wlth the - � fees,mey catme: this filir,;;1 to ·be RJjecwd. ,:',.,: ,', ,'" ',.' ' , ;,

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BEDEAA, \ CORPORATION . (a Texas. cprporatioli) . . . • STATEMENT OF UNANIMOUS CON"SENT OF DIRECTORS. .AND MAJOR . ITY - <::ONS '. ENT ' ol/ SBA R , • E • H O .. LI!ERS J........ - y 24, 2011 THIS STATEMENT OF UNANIMOUS CONSENT OF DIRECTORS v.iien c:xecuted by;a)l fue Pil;ectx>rs of1he C"!l)Oflllion in � wifu the pIQVisions of1heTexas General Co, - poration Law, will become ellective as of the 24" day of Janwuy, 2{!11; and will .have the'srujle.fon:e.and effe.t as if such Director were present and acting at.a.meetmgduly ·· noted and held fol - the purpose of adopting 1he 1,le.sohrtions and taking the corporahl aciicm here and after S!>lforth. • • TBlS STATEMENT OF CONS£NT OF MAJORITY STOCJOJPLDERS when executed by the holders of a.majority of the outstanding stocj[ of the Cotporotioo entitled ro vote .in � with.the p,:ovisfons of Sectlon7$J20 ·Of theNevada Re � Statutes,. will beo,,nJ,o effective as of the. 21th day of Jamwy, 20H; and sba11 have die sam � force and .,J'liici as if adopted at a special meeting of stockholders noticed and held for ,the puwose of lli)opting the Resolntion.• and taking the Corporate action hereinafter set forth. • • REJNCOR!'ORATON,REVERSESPLIT, A \ 'ID NMjE CIIANGE The Directors w= ofihe opinion that is in . the best interest of the Cotporaliolland the . shareholders 1 <> consolidate the outstanding shares of Comritcio Stock of the Corporation into a smaller nomber, an action gencraUy l'lferred ro as a r � crse split, effective for shareholders of record as of 1 he cl

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whole s � and in the eyent any holder .of Connrioo Stock is erititled to. rec¢ive lcorporation for the .Corporation will, also be the effi:ctive date of the clumge of the nmne of the Co,:pqrati<,i,to ZIC{X CoiJ,Oration; and • • • BE IT FURlllER kESOLVED; tl)e officers

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• • :NOTICE TO SllAREIJOU)ERS. The pi=rors and ·shareholder •were infunned tl!at in o,dc,r to comply with tbe General · � on Law of Tc;xas and Rule l.5c - 211.(a) (5) pum,allt 1o the. ·Sc:cutiti<:s Act of 1934, as ·• amended; th;,. Ccirpotation is � to file and . send to ,ill � I �. a description of1he • . � licfions described in.these restilutions. Tiletefim: it waS . •• • ' :· '"',, ' ' ', , .. ·,' '' ,' ' ' ' ' ' , ' ' ., ',' .. ·.),{ESODyru>;.lhat \ l,.e;Boar*µp, and·distn1,uteto. ,ill the. sharehold � of !he Co,poratih of which � be deemed !Ill otjginal.))14 all of. � ch togelher sh,ill cons1;itµte .. .one llOd th �"'lD'•• 1'1strumeot A m,si, \ rl)e � by any pa,:ty on a oounteipart of tlrls • Agrec:;i,:,ciit shall be biri<)jng lli!d effeciive for ,ill •••••• si:s.• Such party shall, however, •. subseq)leirtly deliver to'die oth � pa,:ty an'original ex �";Z,y of1his l \ gr:""1]l!)lll.• ''' ' ' '" ' ' ' ' EXECUTED by the Diiectors as of the dJi:te set out above. • . ,·. ', ;'.,,I., > - ' ' .. . ., ,., • - .• , , i ',.,'" .>.·' ...·,,,',,._:', : - · . . ·., , ·: . : - :;:::' - : �:;:..:;/: \ S))): �, �:til'.:; �- ;; - ; � iitLXL)i �- :ii.:.i; �'.,: �: _;i'.. .)'.*

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. PLAN � AG=OFMERGER BEDJ!JlRA - CORPORATION (a T® Oiqxi.iatipn) ------ �- --- - - - -- ZICIXCORPORATION <•Nevada eorporatidilions � sot furtb. NOW, nJER.EFoRE; in coosideration oftbe premises and oflbe mnt,Jal � of the parties hereoo hereby determine and agree as follows. - • ,·. > - <:.,...': r/ ..,_.. ;._1,....: - •. ,, {:·... f(_;,l ;· .... . _.'(•·,'., � i(,, ;{f \ }i: ����'.,< -

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ARTICLE.! MERGER 1.1. CONS � CAPITAL CORrf),usiness, Ari.i6Ies oflnoorpf:Bederrasball cease onan *![](image_172.jpg)

2.3. CANCELLA110N QF EXISTING SBA.RES. On the Effective Date each share of the '' '', '' '' ' ' • ,, � stock, $,001 par value per �, of Zicix outstariding imnuor

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mte of exchange for any sJum,s of Bedetta or the lyp!lS . � amounts . of consideration that will be •• � ured, to the holders of the shares of stock of Beden - a ; (b) change ariy term of the Articles of Incorporation of Zic : ix ; or (c) adversely effect . any of the rights of the s!Dckholders ,of Bedeli : a or Zicix :. • • ARTICLEV MISCELLANEOUS 5.1. CQUNJERPARTS. This Agreeme1)1 may be executed in one. or more counterJ)arts, each of which may have .diffeJ'ent signatUres and may be ,rigned at.different times. When all parties)lave ,rigned at least one counte 1 part, each counterpart shall be dccmcd complete and shall ronstitute llie same illstrumeot • • 5.2. EN'f!RE AGREEMENT. This � is. iiltended by the parties to .be the fiDal expression oflliei, agreement with � io the matter set. forth •herein and. is intended to contain all of the terms of such agre=e111 without the need to refer to other documents. There are no other \ mdersrandings written or ontl among the parties with � to tbe mat1er set forth herein. 5.3. AMENDMENT. This Agreeroe111 may not be amended. e,trept by a written - instrument mgned by the parties. � to. IN wrrn.E!js "':HEREOF, this Agreement is hereby executed upon behalf of each cifthe partiestheretothis24 th dayofJannary,201l. . .• • . i ' ' ' ' ' ' BEDERRA cokroRATION ZICIX.CORPORATION ,

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Business Number E0034652011 - 4 Filed in the Office of Filing Number 20110047569 - 95 Secretary of State State Of Nevada Filed On 01/21/2011 Number of Pages 1

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Business Number E0034652011 - 4 Filed in the Office of Secretary of State State Of Nevada Filing Number 20110047414 - 34 Filed On 01/21/2011 Number of Pages 14

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ARTICLES OF INCORPORATION OF ZICIX CORPORATION For the purpose of associating to establish a corporation under the provisions and subject to the requirements of Title 7, Chapter 78 of Nevada Revised Statutes, and the acts amendatory thereof, and hereinafter sometimes referred to as the General Corporation Law of the State of Nevada, the undersigned incorporator does hereby adopt and make the following Articles of Incorporation: ARTICLE I NAME The name of the Corporation is ZICIX Corporation (hereinafter, the "Corporation"). ARTICLE II REGISTERED OFFICE AND AGENT The name of the Corporation's resident agent in the State of Nevada is Resident Agents of Nevada, Inc., and the street address of the said resident agent where process may be served on the Corporation is 711 So. Carson St., Suite 4, Carson City, Nevada 89701. The mailing address and the street address of the said resident agent are identical. ARTICLE III POWERS The purpose for which the Corporation is organized is to transact all lawful business for which corporations may be incorporated pursuant to the laws of the State of Nevada. The Corporation shall have all the powers of a corporation organized under the General Corporation Law of the State of Nevada. ARTICLE IV TERM The Corporation is to have perpetual existence.

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2 ARTICLEV CAPITAL STOCK A. Number and Designation. The total number of shares of all classes that this Corporation shall have authority to issue shall be SIX HUNDRED MILLION (600,000,000), of which FIVE HUNDRED MIU.ION (500,000,000) shall be shares of common stock, par value $0.001per share ("Common StocK'), and ONE HUNDRED MIU.ION (100,000,000) shall be shares of preferred stock, par value $0.0001 per share ("Preferred Stock"). The shares may be issued by the Corporation from time to time as approved by the board of directors of the Corporation without the approval of the stockholders except as otherwise provided in this Article V or the rules of a national securities exchange if applicable. The consideration for subscriptions to, or the purchase of, the capital stock to be issued by a corporation shall be paid in such form and in such manner as the board of directors shall determine. The board of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible property or any benefit to the corporation, or any combination thereof. In the absence of actual fraud in the transaction, the judgment of the directors as to the value of such consideration shall be conclusive. The capital stock so issued shall be deemed to be fully paid and non - assessable stock upon receipt by the corporation of such consideration. In the case of a stock dividend, the part of the surplus of the Corporation which is transferred to stated capital upon the issuance of shares as a stock dividend shall be deemed to be the consideration for their issuance. A description of the different classes and series (if any) of the Corporation's capital stock, and a statement of the relative powers, designations, preferences and rights of the shares of each class and series (if any) of capital stock, and the qualifications, limitations or restrictions thereof, are as follows: B. Undesignated Common Stock. Shares of Common Stock not at the time designated as shares of a particular series pursuant to this Article (V)(B) or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series or without any distinctive designation. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of Common Stock and each series shall have a distinguishing designation. C. Common Stock. Except as provided in these Articles or the designation of any series or class of capital stock, the holders of the Common Stock shall exclusively possess all voting power. Subject to the provisions of these Articles, each holder of shares of Common Stock shall be entitled to one vote for each share held by such holders. Whenever there shall have been paid, or declared and set aside for payment, to the holders

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3 of the outstanding shares of any class or series of stock having preference over the Common Stock as to the payment of dividends, the full amount of dividends and sinking fund or retirement fund or other retirement payments, if any, to which such holders are respectively entitled in preference to the Common Stock, then dividends may be paid on the Common Stock, and on any class or series of stock entitled to participate therewith as to dividends, out of any assets legally available for the payment of dividends, but only when and as declared by the board of directors of the Corporation. In the event of any liquidation, dissolution or winding up of the Corporation, after there shall have been paid, or declared and set aside for payment, to the holders of the outstanding shares of any class having preference over the Common Stock in any such event, the full preferential amounts to which they are respectively entitled, the holders of the Common Stock and of any class or series of stock entitled to participate therewith, in whole or in part, as to distribution of assets shall be entitled, after payment or provision for payment of all debts and liabilities of the Corporation, to receive the remaining assets of the Corporation available for distribution, in cash or in kind. Each share of Common Stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of Common Stock of the Corporation. D. Serial Preferred Stock. Shares of Preferred Stock not at the time designated as shares of a particular series pursuant to this Article (V)(D) or any other provision of these Articles of Incorporation may be issued from time to time in one or more additional series. The board of directors may determine, in whole or in part, the preferences, voting powers, qualifications and special or relative rights or privileges of any such series before the issuance of any shares of that series. The board of directors shall determine the number of shares constituting each series of Preferred Stock and each series shall have a distinguishing designation. Each share of each series of serial preferred stock shall have the same relative powers, preferences and rights as, and shall be identical in all respects with, all the other shares of the Corporation of the same series, except the times from which dividends on shares which may be issued from time to time of any such series may begin to accrue. E. Series A Preferred Stock. There shall be a series of the voting preferred stock of the Corporation which shall be designated as the "Series A Preferred Stock," $.0001par value, and the number of shares constituting such series shall be ONE HUNDRED MILLION (100,000,000). Such number of shares may be increased or decreased by resolution of the board of directors; provided, however, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than that of the shares then outstanding plus the number of shares issuable upon exercise of outstanding rights, options or warrants or upon conversion of outstanding securities issued by the Corporation.

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4 1. Dividends and Distributions . a) Subject to the rights of the holders of any shares of any series of preferred stock of the Corporation ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of shares of Common Stock, $0.001par value (the "Common StocK'), of the Corporation and of any other junior stock, shall be entitled to receive, when, as and if declared by the board of directors out of funds legally available for the purpose, quarterly dividends payable in cash on or about the first day of January, April, July and October in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (subject to the provision for adjustment hereinafter set forth) 1 times the aggregate per share amount of all cash dividends and 1 times the aggregate per share amount (payable in kind) of all non - cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time after July 1, 2010 (the "Rights Declaration Date") declare or pay any dividend on the Common Stock, stock payable on the Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. b) The Corporation shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided, however, that in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of $.01per share on the Series A Preferred Stock shall nevertheless be payable on such subsequent Quarterly Dividend Payment Date.

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5 c) Dividends shall begin to accrue and be cumulative on outstanding shares of Series A Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of Series A Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share - by - share basis among all such shares at the time outstanding. The board of directors may fix a record date for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof. 2. Voting Rights . The holders of shares of Series A Preferred Stock shall have the following voting rights: a) Each share of Series A Preferred Stock shall entitle the holder thereof to 100 votes on all matters submitted to a vote of the stockholders of the Corporation. b) Except as otherwise provided herein, the holders of shares of Series A c) Preferred Stock, the holders of shares of Common Stock, and the holders of shares of any other capital stock of the Company having general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation. Except as otherwise set forth herein and except as otherwise provided by law, holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action. 3. Certain Restrictions . a) Whenever dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall not : i. declare or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of stock

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6 iii. b) ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock; ii. (ii) declare or pay dividends on or make any other distributions on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with theSeries A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; except as permitted in Section 3(A)(iv) below, redeem or purchase or otherwise acquire for consideration shares of any stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with theSeries A Preferred Stock, provided, however, that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock of the Corporation ranking junior (either as to dividends or upon dissolution, liquidation or winding up) to the Series A Preferred Stock; and iv. purchase or otherwise acquire for consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the board of directors) to all holders of such shares upon such terms as the board of directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective Series and classes, shall determine in good faith will result in fair and equitable treatment among the respective series or classes. The Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation could, under paragraph (A) of this Section 3, purchase or otherwise acquire such shares at such time and in such manner. 4. Reacquired Shares. Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and canceled promptly after the acquisition thereof. The Corporation shall cause all such shares upon their cancellation to be authorized but unissued shares of Preferred Stock which may be reissued as part of a new series of Preferred Stock, subject to the conditions and restrictions on issuance set forth herein. 5. Liquidation, Dissolution or Winding Up . a) Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Corporation, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock unless, prior thereto, the holders of

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7 shares of Series A Preferred Stock shall have received $1.00 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the "Series A Uquidation Preference''). Following the payment of the full amount of the Series A Liquidation Preference, no additional distributions shall be made to the holders of shares of Series A Preferred Stock, unless, prior thereto, the holders of shares of Common Stock shall have received an amount per share (the "Common Adjustment") equal to the quotient obtained by dividing (i) the Series A Liquidation Preference by (ii) 100 (as appropriately adjusted as set forth in paragraph (C) of this Section 5 to reflect such events as stock dividends, and subdivisions, combinations and consolidations with respect to the Common Stock) (such number in clause (ii) being referred to as the "Adjustment Number"). Following the payment of the full amount of the Series A Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Series A Preferred Stock and Common Stock, respectively, holders of Series A Preferred Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to 1 with respect to such Series A Preferred Stock and Common Stock, on a per share basis, respectively. b) In the event there are not sufficient assets available to permit payment c) in full of the Series A Liquidation Preference and the liquidation preferences of all other series of preferred stock, if any, which rank on a parity with the Series A Preferred Stock, then such remaining assets shall be distributed ratably to the holders of such parity shares in proportion to their respective liquidation preferences. In the event there are not sufficient assets available to permit payment in full of the Common Adjustment, then such remaining assets shall be distributed ratably to the holders of Common Stock. In the event the Corporation shall at any time after the Rights Declaration Date declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment Number by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that are outstanding immediately prior to such event. 6. Consolidation, Merger, etc . In case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of Series A Preferred Stock shall at the same time be

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8 similarly exchanged or changed in an amount per share (subject to the provision for adjustment hereinafter set forth) equal to 100 times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is exchanged or changed. In the event the Corporation shall at any time after the Rights Declaration Date declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that are outstanding immediately prior to such event. 7. Redemption. The shares of Series A Preferred Stock shall not be redeemable. 8. Ranking. The Series A Preferred Stock shall rank junior to all other series of the Company's Preferred Stock as to the payment of dividends and the distribution of assets, unless the terms of any such series shall provide otherwise. 9. Conversion. At any time after a holding period of one day from the date of issuance, the Series A Preferred Stock may be converted to shares of Common Stock at a ratio of one (1) share of Series A Preferred Stock to 100 common shares by the Company's transfer agent. At such time of voluntary conversion, the Holder shall submit the certificate representing the Series A Preferred shares to the company's transfer agent together with an opinion letter of qualified counsel and release of restriction resolution from the Corporation. Upon the release of restriction of the certificate(s), the Corporation's transfer agent shall issue new Common Stock in the appropriate amount per conversion and cancel the relinquished preferred shares. 10. Fractional Shares. Series A Preferred Stock may be issued in fractions which are integral multiples of one one - hundredth of a share. Fractions of shares of Series A Preferred Stock may, at the election of the Corporation, be evidenced by depositary receipts, pursuant to an appropriate agreement between the Corporation and a depositary selected by the Corporation. The holders of such depositary receipts shall have all the rights, privileges and preferences to which they are entitled as beneficial owners of the Series A Preferred Stock represented by such depositary receipts. ARTICLE VI PREEMPTIVE RIGHTS No holder of any of the shares of any class or series of stock or of options, warrants or other rights to purchase shares of any class or series of stock or of other securities of the Corporation shall have any

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9 preemptive right to purchase or subscribe for any unissued stock of any class or series, or any unissued bonds, certificates of indebtedness, debentures or other securities convertible into or exchangeable for stock or carrying any right to purchase stock may be issued pursuant to resolution of the board of directors of the Corporation to such persons, firms, corporations or associations, whether or not holders thereof, and upon such terms as may be deemed advisable by the board of directors in the exercise of its sole discretion. ARTICLE VII REPURCHASE OF SHARES The Corporation may from time to time, pursuant to authorization by the board of directors of the Corporation and without action by the stockholders, purchase or otherwise acquire shares of any class, bonds, debentures, notes, scrip, warrants, obligations, evidences or indebtedness, or other securities of the Corporation in such manner, upon such terms, and in such amounts as the board of directors shall determine; subject, however, to such limitations or restrictions, if any, as are contained in the express terms of any class of shares of the Corporation outstanding at the time of the purchase or acquisition in question or as are imposed by law. ARTICLE VIII MEETINGS OF STOCKHOLDERS; CUMULATIVE VOTING No action that is required or permitted to be taken by the stockholders of the Corporation at any annual or special meeting of stockholders may be effected by written consent of stockholders in lieu of a meeting of stockholders, unless the action to be effected by written consent of stockholders and the taking of such action by such written consent have expressly been approved in advance by the board of directors of the Corporation. Special meeting of the stockholders of the Corporation for any purpose or purposes may be called at any time by the board of directors of the Corporation, or by a committee of the board of directors which has been duly designated by the board of directors and whose powers and authorities, as provided in a resolution of the board of directors or in the bylaws of the Corporation, include the power and authority to call such meetings but such special meetings may not be called by another person or persons. There shall be no cumulative voting by stockholders of any class or series in the election of directors of the Corporation. Meetings of stockholders may be held at such place as the bylaws may provide.

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10 ARTICLE IX NOTICE FOR NOMINATIONS AND PROPOSAIS Nominations for the election of directors and proposals for any new business to be taken up at any annual or special meeting of stockholders may be made by the board of directors of the Corporation or by any stockholder of the Corporation entitled to vote generally in the election of directors. In order for a stockholder of the Corporation to make any such nominations and/or proposals at an annual meeting or such proposals at a special meeting, he or she shall give notice thereof in writing, delivered or mailed by first class United States mail, postage prepaid, to the Secretary of the Corporation of not less than thirty days or more than sixty days prior to any such meeting; provided, however, that if less than forty days' notice of the meeting is given to stockholders, such written notice shall be delivered or mailed, as prescribed, to the Secretary of the Corporation not later than the close of the tenth day following the day on which notice of the meeting was mailed to stockholders. Each such notice given by a stockholder with respect to nominations for the election of directors shall set forth (1) the name, age, business address and, if known, residence address of each nominee proposed in such notice, (2) the principal occupation or employment of each such nominee, and (3) the number of shares of stock of the Corporation which are beneficially owned by each such nominee. In addition, the stockholder making such nomination shall promptly provide any other information reasonably requested by the Corporation. Each such notice given by a stockholder to the Secretary with respect to business proposals to bring before a meeting shall set forth in writing as to each matter: (1) a brief description of the business desired to be brought before the meeting and the reasons for conducting such business at the meeting; (2) the name and address, as they appear on the Corporation's books, of the stockholder proposing such business; (3) the class and number of shares of the Corporation which are beneficially owned by the stockholder; and (4) any material interest of the stockholder in such business. Notwithstanding anything in these Articles to the contrary, no business shall be conducted at the meeting except in accordance with the procedures set forth in this Article. The Chairman of the annual or special meeting of stockholders may, if the facts warrant, determine and declare to such meeting that a nomination or proposal was not made in accordance with the foregoing procedure, and, if he should so determine, he shall so declare to the meeting and the defective nomination or proposal shall be disregarded and laid over for action at the next succeeding adjourned, special or annual meeting of the stockholders taking place thirty days or more thereafter. This provision shall not require the holding of any adjourned or special meeting of stockholders for the purpose of considering such defective nomination or proposal.

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11 ARTICIE X DIRECTORS The number of directors of the Corporation shall be such number, not less than one nor more than 15 (exclusive of directors, if any, to be elected by holders of preferred stock of the Corporation), as shall be provided from time to time in a resolution adopted by the board of directors, provided that no decrease in the number of directors shall have the effect of shortening the term of any incumbent director, and provided further that no action shall be taken to decrease or increase the number of directors from time to time unless at least two - thirds of the directors then in office shall concur in said action. Exclusive of directors, if any, elected by holders of preferred stock, vacancies in the board of directors of the Corporation, however caused, and newly created directorships shall be filled by a vote of two - thirds of the directors then in office, whether or not a quorum, and any director so chosen shall hold office for a term expiring at the annual meeting of stockholders at which the term of the class to which the director has been chosen expires and when the director's successor is elected and qualified. Whenever the holders of any one or more series of preferred stock of the Corporation shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the board of directors shall include said directors so elected in addition to the number of directors fixed as provided in this Article X. Notwithstandingthe foregoing, and except as otherwise may be required by law, whenever the holders of any one or more series of preferred stock of the Corporation elect one or more directors of the Corporation, the terms of the director or directors elected by such holders shall expire at the next succeeding annual meeting of stockholders. In furtherance, but not in limitation of the powers conferred by statute, the board of directors is expressly authorized to do the following: Designate one (1) or more committees, each committee to consist of one or more of the directors of the Corporation and such number of natural persons who are not directors as the board of directors shall designate, which to the extent provided in the Resolution, or in the by - laws of the Corporation, shall have and may exercise the powers of the board of directors in the management of the business and affairs of the Corporation. As provided by Nevada Revised Statutes 78.140, without repeating the section in full here, the same is adopted and no contract or other transaction between this Corporation and any of its officers, agents or directors shall be deemed void or voidable solely for that reason. The balance of the provisions of the code section cited, as it now exists, allowing such transactions, is hereby incorporated into this Article as though more fully set forth, and such Article shall be read and interpreted to provide the greatest latitude in its application. As provided by Nevada Revised Statutes 78.207, without repeating the section in full here, the board of directors shall have the authority to change the number of shares of any class or series, if any, of authorized stock by increasing or decreasing the number of authorized shares of the class or series and correspondingly increasing or decreasing the number of issued and outstanding shares of the same class

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12 or series held by each stockholder of record at the effective date and time of the change by a resolution adopted by the board of directors, without obtaining the approval of the stockholders. If a proposed increase or decrease in the number of issued and outstanding shares of any class or series would adversely alter or change any preference or any relative or other right given to any other class or series of outstanding shares, then the decrease must be approved by the vote, in addition to any vote required, of the holders of shares representing a majority of the voting power of each class or series whose preference or rights are adversely affected by the increase or decrease, regardless of limitations or restrictions on the voting power thereof. The increase or decrease does not have to be approved by the vote of the holders of shares representing a majority of the voting power in each class or series whose preference or rights are not adversely affected by the increase or decrease. Special meetings of the stockholders may be called only by the board of directors or a committee of the board of directors that is delegated the power to call special meetings by the board of directors. Change the name of the Corporation at any time and from time to time to any name authorized by Nevada Revised Statutes 78.039. ARTICLE XI REMOVAL OF DIRECTORS Notwithstanding any other provision of these Articles or the bylaws of the Corporation, any director or all the directors of a single class (but not the entire board of directors) of the Corporation may be removed, at any time, but only for cause and only by the affirmative vote of the holders of at least a majority of the voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class) without the necessity of a meeting of the stockholders called for that or any other purpose. Notwithstanding the foregoing, whenever the holders of any one or more series of preferred stock of the Corporation shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the preceding provisions of this Article XI shall not apply with respect to the director or directors elected by such holders of preferred stock. ARTICLE XII INDEMNIFICATION Any person who was or is a party or is or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative (whether or not by or in the right of the Corporation) by reason of the fact that he is or was a director, officer, incorporator, employee, or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, incorporator, employee, partner, trustee, or agent of another

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13 corporation, partnership,joint venture, trust, or other enterprise (including an employee benefit plan), shall be entitled to be indemnified by the Corporation to the full extent then permitted by law against expenses (including counsel fees and disbursements), judgments, fines (including excise taxes assessed on a person with respect to an employee benefit plan), and amounts paid in settlement incurred by him in connection with such action, suit, or proceeding and, if so requested, the Corporation shall advance (within two business days of such request) any and all such expenses to the person indemnified; provided, however, that (i) the foregoing obligation of the Company shall not apply to a claim that was commenced by the person indemnified without the prior approval of the Board of Directors. Such right of indemnification shall inure whether or not the claim asserted is based on matters which antedate the adoption of this Article XII. Such right of indemnification shall continue as to a person who has ceased to be a director, officer, incorporator, employee, partner, trustee, or agent and shall inure to the benefit of the heirs and personal representatives of such a person. The indemnification provided by this Article XII shall not be deemed exclusive of any other rights which may be provided now or in the future under any provision currently in effect or hereafter adopted of the bylaws, by any agreement, by vote of stockholders, by resolution of disinterested directors, by provisions of law, or otherwise. ARTICLE XIII LIMITATIONS ON DIRECTORS' LIABILITY No director or officer of the Corporation shall be personally liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, except: (A) for acts or omissions that involve intentional misconduct, fraud or a knowing violation of law; or (B) the payment of distributions in violation of Nevada Revised Statutes Sec.78.300. If the General Corporation law of the State of Nevada is amended after the date of filing of these Articles to further eliminate or limit the personal liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the General Corporation Law of the State of Nevada, as so amended. Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.*

## Exhibit 3.2

**Exhibit 3.2**

**BYLAWS**

**OF**

**ZICIX CORPORATION**

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**ARTICLE I — OFFICES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 Principal Office.** The principal office and place of business of Zicix Corporation (the "Corporation") shall be at such location as may be determined from time to time by board of directors of the Corporation (the "Board of Directors").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 Other Offices.** Other offices and places of business either within or without the State of Nevada may be established from time to time by resolution of the Board of Directors or as the business of the Corporation may require. The street address of the Corporation's resident agent is the registered office of the Corporation in Nevada.

**ARTICLE II — STOCKHOLDERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 Annual Meeting.** The annual meeting of stockholders of the Corporation shall be held on such date and at such time as may be designated from time to time by the Board of Directors. At the annual meeting, directors shall be elected and any other business may be transacted as may be properly brought before the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 Special Meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Subject to the rights of the holders of preferred stock, if any, special meetings of the stockholders may be called by the Chairman of the Board, if any, or the Chief Executive Officer, if any, or, if there be no Chairman of the Board and no Chief Executive Officer, by the President, and shall be called by the Secretary upon the written request of at least a majority of the authorized number of directors. Such request shall state the purpose or purposes of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Subject to the rights of the holders of preferred stock, if any, special meetings of the stockholders may be called if the holders of at least 25% of all the votes entitled to be cast on any issue proposed to be considered at the proposed special meeting sign, date and deliver to the Corporation one (1) or more written demands for the meeting describing the purpose or purposes for which it is to be held. Unless otherwise provided in the Articles of Incorporation, a written demand for a special meeting may be revoked by a writing to that effect received by the Corporation prior to the receipt by the Corporation of demands sufficient in number to require the holding of a special meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** No business shall be acted upon at a special meeting of stockholders, except as set forth in the notice of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3 Place of Meetings.** Any meeting of the stockholders of the Corporation may be held at the Corporation's registered office in the State of Nevada or at such other place within or without of the State of Nevada and United States as may be designated in the notice of meeting. A waiver of notice signed by all stockholders entitled to vote may designate any place for the holding of such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 Notice of Meetings; Waiver of Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** The Chairman of the Board, President, Chief Executive Officer, if any, a Vice President, the Secretary, an Assistant Secretary or any other individual designated by the Board of Directors shall sign and deliver or cause to be delivered to the stockholders written notice of any stockholders' meeting not less than ten (10) days, but not more than sixty (60) days, before the date of such meeting. The notice shall state the place, date and time of the meeting and the purpose or purposes for which the meeting is called. The notice shall contain or be accompanied by such additional information as may be required by the Nevada Revised Statutes ("NRS").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** In the case of an annual meeting, subject to Section 2.13 below, any proper business may be presented for action, except that (1) if a proposed plan of merger, conversion or exchange is submitted to a vote, the notice of the meeting must state that the purpose, or one of the purposes, of the meeting is to consider the plan of merger, conversion or exchange and must contain or be accompanied by a copy or summary of the plan; and (2) if a proposed action creating dissenters' rights is to be submitted to a vote, the notice of the meeting must state that the stockholders are or may be entitled to assert dissenters' rights under the applicable NRS sections, and be accompanied by a copy of those sections.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** A copy of the notice shall be personally delivered or mailed postage prepaid to each stockholder of record entitled to vote at the meeting at the address appearing on the records of the Corporation. Upon mailing, service of the notice is complete, and the time of the notice begins to run from the date upon which the notice is deposited in the mail. If the address of any stockholder does not appear upon the records of the Corporation or is incomplete, it will be sufficient to address any notice to such stockholder at the registered office of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** The written certificate of the individual signing a notice of meeting, setting forth the substance of the notice or having a copy thereof attached, the date the notice was mailed or personally delivered to the stockholders and the addresses to which the notice was mailed, shall be prima facie evidence of the manner and fact of giving such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** Any stockholder may waive notice of any meeting by a signed writing, either before or after the meeting. Such waiver of notice shall be deemed the equivalent of the giving of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(f)** Attendance in person at any meeting of stockholders shall constitute a waiver of notice of such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 Determination of Stockholders of Record.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** For the purpose of determining the stockholders entitled to notice of and to vote at any meeting of stockholders or any adjournment thereof, or entitled to receive payment of any distribution or the allotment of any rights, or entitled to exercise any rights in respect of any change, conversion, or exchange of stock or for the purpose of any other lawful action, the directors may fix, in advance, a record date, which shall not be more than sixty (60) days nor less than ten (10) days before the date of such meeting, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** If no record date is fixed, the record date for determining stockholders: (1) entitled to notice of and to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; and (2) for any other purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at any meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting and must fix a new record date if the meeting is adjourned to a date more than 60 days later than the date set for the original meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 Quorum; Adjourned Meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Unless the Articles of Incorporation provide for a different proportion, stockholders holding at least a majority of the voting power of the Corporation's capital stock, represented in person or by proxy (regardless of whether the proxy has authority to vote on all matters), are necessary to constitute a quorum for the transaction of business at any meeting. If, on any issue, voting by classes or series is required by the laws of the State of Nevada, the Articles of Incorporation or these Bylaws, at least a majority of the voting power, represented in person or by proxy (regardless of whether the proxy has authority to vote on all matters), within each such class or series is necessary to constitute a quorum of each such class or series.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** If a quorum is not represented, a majority of the voting power represented or the person presiding at the meeting may adjourn the meeting from time to time until a quorum shall be represented. At any such adjourned meeting at which a quorum shall be represented, any business may be transacted which might have been transacted as originally called. When a stockholders' meeting is adjourned to another time or place hereunder, notice need not be given of the adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. However, if a new record date is fixed for the adjourned meeting, notice of the adjourned meeting must be given to each stockholder of record as of the new record date. The stockholders present at a duly convened meeting at which a quorum is present may continue to transact business until adjournment, notwithstanding the departure of enough stockholders to leave less than a quorum of the voting power.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 Voting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Unless otherwise provided in the NRS, in the Articles of Incorporation or in the resolution providing for the issuance of preferred stock adopted by the Board of Directors pursuant to authority expressly vested in it by the provisions of the Articles of Incorporation, each stockholder of record, or such stockholder's duly authorized proxy, shall be entitled to one (1) vote for each share of voting stock standing registered in such stockholder's name at the close of business on the record date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Except as otherwise provided herein, all votes with respect to shares standing in the name of an individual at the close of business on the record date (including pledged shares) shall be cast only by that individual or such individual's duly authorized proxy. With respect to shares held by a representative of the estate of a deceased stockholder, or a guardian, conservator, custodian or trustee, even though the shares do not stand in the name of such holder, votes may be cast by such holder upon proof of such representative capacity. In the case of shares under the control of a receiver, the receiver may cast votes carried by such shares even though the shares do not stand of record in the name of the receiver; provided, that the order of a court of competent jurisdiction which appoints the receiver contains the authority to cast votes carried by such shares. If shares stand of record in the name of a minor, votes may be cast by the duly appointed guardian of the estate of such minor only if such guardian has provided the Corporation with written proof of such appointment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** With respect to shares standing of record in the name of another corporation, partnership, limited liability company or other legal entity on the record date, votes may be cast: (1) in the case of a corporation, by such individual as the bylaws of such other corporation prescribe, by such individual as may be appointed by resolution of the Board of Directors of such other corporation or by such individual (including, without limitation, the officer making the authorization) authorized in writing to do so by the Chairman of the Board, if any, president, chief executive officer, if any, or any vice president of such corporation; and (2) in the case of a partnership, limited liability company or other legal entity, by an individual representing such stockholder upon presentation to the Corporation of satisfactory evidence of his authority to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** Notwithstanding anything to the contrary contained herein and except for the Corporation's shares held in a fiduciary capacity, the Corporation shall not vote, directly or indirectly, shares of its own stock owned by it; and such shares shall not be counted in determining the total number of outstanding shares entitled to vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** Any holder of shares entitled to vote on any matter may cast a portion of the votes in favor of such matter and refrain from casting the remaining votes or cast the same against the proposal, except in the case of elections of directors. If such holder entitled to vote does vote any of such stockholder's shares affirmatively and fails to specify the number of affirmative votes, it will be conclusively presumed that the holder is casting affirmative votes with respect to all shares held.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)** With respect to shares standing of record in the name of two or more persons, whether fiduciaries, members of a partnership, joint tenants, tenants in common, husband and wife as community property, tenants by the entirety, voting trustees or otherwise and shares held by two or more persons (including proxy holders) having the same fiduciary relationship in respect to the same shares, votes may be cast, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(1)** If only one person votes, the vote of such person binds all.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(2)** If more than one person casts votes, the act of the majority so voting binds all.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** If more than one person casts votes, but the vote is evenly split on a particular matter, the votes shall be deemed cast proportionately, as split.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)** If a quorum is present, unless the Articles of Incorporation, these Bylaws, the NRS or other applicable law provide for a different proportion, action by the stockholders entitled to vote on a matter, other than the election of directors, is approved by and is the act of the stockholders if the number of votes cast in favor of the action exceeds the number of votes cast in opposition to the action, unless voting by classes or series is required for any action of the stockholders by the laws of the State of Nevada, the Articles of Incorporation or these Bylaws, in which case the number of votes cast in favor of the action by the voting power of each such class or series must exceed the number of votes cast in opposition to the action by the voting power of each such class or series.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(h)** If a quorum is present, directors shall be elected by a majority of the votes cast.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.8 Proxies.** At any meeting of stockholders, any holder of shares entitled to vote may designate, in a manner permitted by the laws of the State of Nevada, another person or persons to act as a proxy or proxies. Every proxy shall continue in full force and effect until its expiration or revocation in a manner permitted by the laws of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 Action Without Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Unless otherwise provided in the Articles of Incorporation, any action required by statute to be taken at any annual or special meeting of the stockholders, or any action which may be taken at any annual or special meeting of the stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Every written consent shall bear the date of signature of each stockholder who signs the consent, and no written consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days of the earliest dated consent delivered to the Corporation in the manner herein required, written consents signed by a sufficient number of stockholders to take action are delivered to the corporation by delivery to its registered office in the State of Nevada, its principal place of business or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to a Corporation's registered office shall be by hand or by certified or registered mail, return receipt requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date for such meeting had been the date that written consents signed by a sufficient number of stockholders to take action were delivered to the Corporation as provided in the NRS. If the action which is consented to is such as would have required the filing of a certificate under any section of the NRS if such action had been voted on by stockholders at a meeting thereof, then the certificate under such section shall state, in lieu of any statement required by such section concerning any vote of stockholders, that written consent has been given in accordance with the NRS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 Organization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Meetings of stockholders shall be presided over by the Chairman of the Board, or, in the absence of the chairman, by the Vice-Chairman of the Board, or in the absence of the Vice-Chairman, the President, or, in the absence of the President, by the chief executive officer, if any, or, in the absence of the foregoing persons, by a chairman designated by the Board of Directors, or, in the absence of such designation by the Board of Directors, by a chairman chosen at the meeting by the stockholders entitled to cast a majority of the votes which all stockholders present in person or by proxy are entitled to cast. The Secretary, or in the absence of the Secretary an Assistant Secretary, shall act as Secretary of the meeting, but in the absence of the Secretary and any Assistant Secretary the chairman of the meeting may appoint any person to act as Secretary of the meeting. The order of business at each such meeting shall be as determined by the chairman of the meeting. The chairman of the meeting shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts and things as are necessary or desirable for the proper conduct of the meeting, including, without limitation, the establishment of procedures for the maintenance of order and safety, limitation on the time allotted to questions or comments on the affairs of the Corporation, restrictions on entry to such meeting after the time prescribed for the commencement thereof and the opening and closing of the voting polls.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The chairman of the meeting may appoint one or more inspectors of elections. The inspector or inspectors may (1) ascertain the number of shares outstanding and the voting power of each; (2) determine the number of shares represented at a meeting and the validity of proxies or ballots; (3) count all votes and ballots; (4) determine any challenges made to any determination made by the inspector(s); and (5) certify the determination of the number of shares represented at the meeting and the count of all votes and ballots.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.11 Absentees' Consent to Meetings.** Transactions of any meeting of the stockholders are as valid as though had at a meeting duly held after regular call and notice if a quorum is represented, either in person or by proxy, and if, either before or after the meeting, each of the persons entitled to vote, not represented in person or by proxy (and those who, although present, either object at the beginning of the meeting to the transaction of any business because the meeting has not been lawfully called or convened or expressly object at the meeting to the consideration of matters not included in the notice which are legally or by the terms of these Bylaws required to be included therein), signs a written waiver of notice and/or consent to the holding of the meeting or an approval of the minutes thereof. All such waivers, consents, and approvals shall be filed with the corporate records and made a part of the minutes of the meeting. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person objects at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called, noticed or convened and except that attendance at a meeting is not a waiver of any right to object to the consideration of matters not properly included in the notice if such objection is expressly made at the time any such matters are presented at the meeting. Neither the business to be transacted at nor the purpose of any regular or special meeting of stockholders need be specified in any written waiver of notice or consent, except as otherwise provided in these Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.12 Director Nominations.** Subject to the rights, if any, of the holders of preferred stock to nominate and elect directors, nominations of persons for election to the Board of Directors of the Corporation may be made by the Board of Directors or by a committee appointed by the Board of Directors.

**ARTICLE III — DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 General Powers; Performance of Duties.** The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors, except as otherwise provided in the NRS or the Articles of Incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 Number, Tenure, and Qualifications.** The Board of Directors of the Corporation shall consist of at least one (1) individual and not more than seven (7) individuals. The number of directors within the foregoing fixed minimum and maximum may be established and changed from time to time by resolution adopted by the Board of Directors of the Corporation without amendment to these Bylaws or the Articles of Incorporation. Each director shall hold office until his successor shall be elected or appointed and qualified or until his earlier death, retirement, disqualification, resignation or removal. No reduction of the number of directors shall have the effect of removing any director prior to the expiration of his term of office. No provision of this Section shall be restrictive upon the right of the Board of Directors to fill vacancies or upon the right of the stockholders to remove directors as is hereinafter provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 Chairman of the Board.** The Board of Directors shall elect a Chairman of the Board from the members of the Board of Directors who shall preside at all meetings of the Board of Directors and stockholders at which he shall be present and shall have and may exercise such powers as may, from time to time, be assigned to him by the Board of Directors, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4 Vice-Chairman of the Board.** The Board of Directors shall elect a Vice-Chairman of the Board from the members of the Board of Directors who shall preside at all meetings of the Board of Directors and stockholders at which he shall be present and the Chairman is not present and shall have and may exercise such powers as may, from time to time, be assigned to him by the Board of Directors, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5 Removal and Resignation of Directors.** Subject to any rights of the holders of preferred stock and except as otherwise provided in the NRS, any director may be removed from office with or without cause by the affirmative vote of the holders of not less than sixty-six and two-thirds percent (66-2/3%) of the voting power of the issued and outstanding stock of the Corporation entitled to vote generally in the election of directors (voting as a single class) excluding stock entitled to vote only upon the happening of a fact or event unless such fact or event shall have occurred. In addition, the Board of Directors of the Corporation, by majority vote, may declare vacant the office of a director who has been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. Any director may resign effective upon giving written notice, unless the notice specifies a later time for effectiveness of such resignation, to the Chairman of the Board, if any, the President or the Secretary, or in the absence of all of them, any other officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6 Vacancies; Newly Created Directorships.** Subject to any rights of the holders of preferred stock, any vacancies on the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office, or other cause, and newly created directorships resulting from any increase in the authorized number of directors, may be filled by a majority vote of the directors then in office or by a sole remaining director, in either case though less than a quorum, and the director(s) so chosen shall hold office for a term expiring at the next annual meeting of stockholders at which the term of the class to which he has been elected expires, or until his earlier resignation or removal. No decrease in the number of directors constituting the Board of Directors shall shorten the term of any incumbent directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.7 Annual and Regular Meetings.** Immediately following the adjournment of, and at the same place as, the annual or any special meeting of the stockholders at which directors are elected, the Board of Directors, including directors newly elected, shall hold its annual meeting without call or notice, other than this provision, to elect officers and to transact such further business as may be necessary or appropriate. The Board of Directors may provide by resolution the place, date, and hour for holding regular meetings between annual meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.8 Special Meetings.** Except as otherwise required by law, and subject to any rights of the holders of preferred stock, special meetings of the Board of Directors may be called only by the Chairman of the Board, if any, or if there be no Chairman of the Board, by the Chief Executive Officer, if any, the President, or the Secretary, and shall be called by the Chairman of the Board, if any, the President, the Chief Executive Officer, if any, or the Secretary upon the request of at least a majority of the authorized number of directors. If the Chairman of the Board, or if there be no Chairman of the Board, each of the President, Chief Executive Officer, if any, and Secretary, refuses or neglects to call such special meeting, a special meeting may be called by a written request signed by at least a majority of the authorized number of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.9 Place of Meetings.** Any regular or special meeting of the directors of the Corporation may be held at such place as the Board of Directors, or in the absence of such designation, as the notice calling such meeting, may designate. A waiver of notice signed by the directors may designate any place for the holding of such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.10 Notice of Meetings.** Except as otherwise provided in Section 3.8 above, there shall be delivered to each director at the address appearing for him on the records of the Corporation, at least twenty-four (24) hours before the time of such meeting, a copy of a written notice of any meeting (a) by delivery of such notice personally, (b) by mailing such notice postage prepaid, (c) by facsimile, (d) by overnight courier, (e) by telegram, or (f) by electronic transmission or electronic writing, including, but not limited to, email. If mailed to an address inside the United States, the notice shall be deemed delivered two (2) business days following the date the same is deposited in the United States mail, postage prepaid. If mailed to an address outside the United States, the notice shall be deemed delivered four (4) business days following the date the same is deposited in the United States mail, postage prepaid. If sent via facsimile, by electronic transmission or electronic writing, including, but not limited to, email, the notice shall be deemed delivered upon sender's receipt of confirmation of the successful transmission. If sent via overnight courier, the notice shall be deemed delivered the business day following the delivery of such notice to the courier. If the address of any director is incomplete or does not appear upon the records of the Corporation it will be sufficient to address any notice to such director at the registered office of the Corporation. Any director may waive notice of any meeting, and the attendance of a director at a meeting and oral consent entered on the minutes of such meeting shall constitute waiver of notice of the meeting unless such director objects, prior to the transaction of any business, that the meeting was not lawfully called, noticed or convened. Attendance for the express purpose of objecting to the transaction of business thereat because the meeting was not properly called or convened shall not constitute presence or a waiver of notice for purposes hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11 Quorum; Adjourned Meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** A majority of the directors in office, at a meeting duly assembled, is necessary to constitute a quorum for the transaction of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** At any meeting of the Board of Directors where a quorum is not present, a majority of those present may adjourn, from time to time, until a quorum is present, and no notice of such adjournment shall be required. At any adjourned meeting where a quorum is present, any business may be transacted which could have been transacted at the meeting originally called.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.12 Manner of Acting.** Except as provided in Section 3.14 below, the affirmative vote of a majority of the directors present at a meeting at which a quorum is present is the act of the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.13 Super-majority Approval.** Notwithstanding anything to the contrary contained in these Bylaws or the Articles of Incorporation, the following actions may be taken by the Corporation only upon the approval of two-thirds of the directors present at a meeting at which a quorum is present is the act of the Board of Directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a)** any voluntary dissolution or liquidation of the Corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(b)** the sale of all or substantially all of the assets of the Corporation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(c)** the filing of a voluntary petition of bankruptcy by the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.14 Telephonic Meetings.** Members of the Board of Directors or of any committee designated by the Board of Directors may participate in a meeting of the Board of Directors or such committee by means of a telephone conference or video or similar method of communication by which all persons participating in such meeting can hear each other. Participation in a meeting pursuant to this Section 3.14 constitutes presence in person at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.15 Action Without Meeting.** Any action required or permitted to be taken at a meeting of the Board of Directors or of a committee thereof may be taken without a meeting if, before or after the action, a written consent thereto is signed by all of the members of the Board of Directors or the committee. The written consent may be signed in counterparts, including, without limitation, facsimile counterparts, and shall be filed with the minutes of the proceedings of the Board of Directors or committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16 Powers and Duties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Except as otherwise restricted by the laws of the State of Nevada or the Articles of Incorporation, the Board of Directors has full control over the business and affairs of the Corporation. The Board of Directors may delegate any of its authority to manage, control or conduct the business of the Corporation to any standing or special committee, or to any officer or agent, and to appoint any persons to be agents of the Corporation with such powers, including the power to subdelegate, and upon such terms as may be deemed fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The Board of Directors, in its discretion, or the officer of the Corporation presiding at a meeting of stockholders, in his discretion, may (1) require that any votes cast at such meeting shall be cast by written ballot and/or (2) submit any contract or act for approval or ratification at any annual meeting of the stockholders or any special meeting properly called and noticed for the purpose of considering any such contract or act, provided a quorum is present.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** The Board of Directors may, by resolution passed by a majority of the board, designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he, she or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Subject to applicable law and to the extent provided in the resolution of the Board of Directors, any such committee shall have and may exercise all the powers of the Board of Directors in the management of the business and affairs of the Corporation. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of Directors. The committees shall keep regular minutes of their proceedings and report the same to the Board of Directors when required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.17 Compensation.** The Board of Directors, without regard to personal interest, may establish the compensation of directors for services in any capacity. If the Board of Directors establishes the compensation of directors pursuant to this subsection, such compensation is presumed to be fair to the Corporation, unless proven unfair by a preponderance of the evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.18 Organization.** Meetings of the Board of Directors shall be presided over by the Chairman of the Board, or in the absence of the Chairman of the Board by the Vice-Chairman, or in his absence by a chairman chosen at the meeting. The Secretary, or in the absence of the Secretary an Assistant Secretary, shall act as Secretary of the meeting, but in the absence of the Secretary and any Assistant Secretary the chairman of the meeting may appoint any person to act as secretary of the meeting. The order of business at each such meeting shall be as determined by the chairman of the meeting.

**ARTICLE IV — OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 Election.** The Board of Directors, at its annual meeting, shall elect and appoint a President, a Secretary and a Treasurer. Said officers shall serve until the next succeeding annual meeting of the Board of Directors and until their respective successors are elected and appointed and shall qualify or until their earlier resignation or removal. The Board of Directors may from time to time, by resolution, elect or appoint such other officers and agents as it may deem advisable, who shall hold office at the pleasure of the board, and shall have such powers and duties and be paid such compensation as may be directed by the board. Any individual may hold two or more offices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 Removal; Resignation.** Any officer or agent elected or appointed by the Board of Directors may be removed by the Board of Directors with or without cause. Any officer may resign at any time upon written notice to the Corporation. Any such removal or resignation shall be subject to the rights, if any, of the respective parties under any contract between the Corporation and such officer or agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 Vacancies.** Any vacancy in any office because of death, resignation, removal or otherwise may be filled by the Board of Directors for the unexpired portion of the term of such office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 Chief Executive Officer.** The Board of Directors may elect a chief executive officer who, subject to the supervision and control of the Board of Directors, shall have the ultimate responsibility for the management and control of the business and affairs of the Corporation, and shall perform such other duties and have such other powers as are delegated to him by the Board of Directors, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5 President.** The President, subject to the supervision and control of the Board of Directors, shall in general actively supervise and control the business and affairs of the Corporation. The President shall keep the Board of Directors fully informed as the Board of Directors may request and shall consult the Board of Directors concerning the business of the Corporation. The President shall perform such other duties and have such other powers which are delegated and assigned to him by the Board of Directors if any, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6 Vice Presidents.** The Board of Directors may elect one or more vice presidents. In the absence or disability of the President, or at the President's request, the vice president or vice presidents, in order of their rank as fixed by the Board of Directors, and if not ranked, the vice presidents in the order designated by the Board of Directors, or in the absence of such designation, in the order designated by the President, shall perform all of the duties of the President, and when so acting, shall have all the powers of, and be subject to all the restrictions on the President. Each vice president shall perform such other duties and have such other powers which are delegated and assigned to him by the Board of Directors, the President, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.7 Secretary.** The Secretary shall attend all meetings of the stockholders, the Board of Directors and any committees, and shall keep, or cause to be kept, the minutes of proceeds thereof in books provided for that purpose. He shall keep, or cause to be kept, a register of the stockholders of the Corporation and shall be responsible for the giving of notice of meetings of the stockholders, the Board of Directors and any committees, and shall see that all notices are duly given in accordance with the provisions of these Bylaws or as required by law. The Secretary shall be custodian of the corporate seal, the records of the Corporation, the stock certificate books, transfer books and stock ledgers, and such other books and papers as the Board of Directors or appropriate committee may direct. The Secretary shall perform all other duties commonly incident to his office and shall perform such other duties which are assigned to him by the Board of Directors, the chief executive officer, if any, the President, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.8 Assistant Secretaries.** An Assistant Secretary shall, at the request of the Secretary, or in the absence or disability of the Secretary, perform all the duties of the Secretary. He shall perform such other duties as are assigned to him by the Board of Directors, the chief executive officer, if any, the President, these Bylaws or as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.9 Treasurer.** The Treasurer, subject to the order of the Board of Directors, shall have the care and custody of, and be responsible for, all of the money, funds, securities, receipts and valuable papers, documents and instruments of the Corporation, and all books and records relating thereto. The Treasurer shall keep, or cause to be kept, full and accurate books of accounts of the Corporation's transactions, which shall be the property of the Corporation, and shall render financial reports and statements of condition of the Corporation when so requested by the Board of Directors, the Chairman of the Board, if any, the chief executive officer, if any, or the President. The Treasurer shall perform all other duties commonly incident to his office and such other duties as may, from time to time, be assigned to him by the Board of Directors, the chief executive officer, if any, the President, these Bylaws or as may be provided by law. The Treasurer shall, if required by the Board of Directors, give bond to the Corporation in such sum and with such security as shall be approved by the Board of Directors for the faithful performance of all the duties of the Treasurer and for restoration to the Corporation, in the event of the Treasurer's death, resignation, retirement or removal from office, of all books, records, papers, vouchers, money and other property in the Treasurer's custody or control and belonging to the Corporation. The expense of such bond shall be borne by the Corporation. If a chief financial officer has not been appointed, the Treasurer may be deemed the chief financial officer of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.10 Assistant Treasurer.** An Assistant Treasurer shall, at the request of the Treasurer, or in the absence or disability of the Treasurer, perform all the duties of the Treasurer. He shall perform such other duties which are assigned to him by the Board of Directors, the chief executive officer, the President, the Treasurer, these Bylaws or as may be provided by law. The Board of Directors may require an Assistant Treasurer to give a bond to the Corporation, at the Corporation's expense, in such sum and with such security as it may approve, for the faithful performance of his duties, and for restoration to the Corporation, in the event of the Assistant Treasurer's death, resignation, retirement or removal from office, of all books, records, papers, vouchers, money and other property in the Assistant Treasurer's custody or control and belonging to the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.11 Execution of Negotiable Instruments, Deeds and Contracts.** All checks, drafts, notes, bonds, bills of exchange, and orders for the payment of money of the Corporation; all deeds, mortgages, proxies, powers of attorney and other written contracts, documents, instruments and agreements to which the Corporation shall be a party; and all assignments or endorsements of stock certificates, registered bonds or other securities owned by the Corporation shall be signed in the name of the Corporation by such officers or other persons as the Board of Directors may from time to time designate. The Board of Directors may authorize the use of the facsimile signatures of any such persons. Any officer of the Corporation shall be authorized to attend, act and vote, or designate another officer or an agent of the Corporation to attend, act and vote, at any meeting of the owners of any entity in which the Corporation may own an interest or to take action by written consent in lieu thereof. Such officer or agent, at any such meeting or by such written action, shall possess and may exercise on behalf of the Corporation any and all rights and powers incident to the ownership of such interest.

**ARTICLE V — CAPITAL STOCK**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1 Issuance.** Shares of the Corporation's authorized stock shall, subject to any provisions or limitations of the laws of the State of Nevada, the Articles of Incorporation or any contracts or agreements to which the Corporation may be a party, be issued in such manner, at such times, upon such conditions and for such consideration as shall be prescribed by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2 Stock Certificates.** Every holder of stock in the Corporation shall be entitled to have a certificate signed by or in the name of the Corporation by the President, the chief executive officer, if any, or a vice president, and by the Secretary or an Assistant Secretary, of the Corporation (or any other two officers or agents so authorized by the Board of Directors), certifying the number of shares of stock owned by him, her or it in the Corporation.

Each certificate representing shares shall state the following upon the face thereof: the name of the state of the Corporation's organization; the name of the person to whom issued; the number and class of shares and the designation of the series, if any, which such certificate represents; the par value of each share, if any, represented by such certificate or a statement that the shares are without par value. Certificates of stock shall be in such form consistent with law as shall be prescribed by the Board of Directors. No certificate shall be issued until the shares represented thereby are fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3 Surrendered; Lost or Destroyed Certificates.** All certificates surrendered to the Corporation, except those representing shares of treasury stock, shall be canceled and no new certificate shall be issued until the former certificate for a like number of shares shall have been canceled, except that in case of a lost, stolen, destroyed or mutilated certificate, a new one may be issued therefor. However, any stockholder applying for the issuance of a stock certificate in lieu of one alleged to have been lost, stolen, destroyed or mutilated shall, prior to the issuance of a replacement, provide the Corporation with his, her or its affidavit of the facts surrounding the loss, theft, destruction or mutilation and, if required by the Board of Directors, an indemnity bond in an amount not less than twice the current market value of the stock, and upon such terms as the Treasurer or the Board of Directors shall require which shall indemnify the Corporation against any loss, damage, cost or inconvenience arising as a consequence of the issuance of a replacement certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4 Replacement Certificate.** When the Articles of Incorporation are amended in any way affecting the statements contained in the certificates for outstanding shares of capital stock of the Corporation or it becomes desirable for any reason, in the discretion of the Board of Directors, including, without limitation, the merger of the Corporation with another Corporation or the conversion or reorganization of the Corporation, to cancel any outstanding certificate for shares and issue a new certificate therefor conforming to the rights of the holder, the Board of Directors may order any holders of outstanding certificates for shares to surrender and exchange the same for new certificates within a reasonable time to be fixed by the Board of Directors. The order may provide that a holder of any certificate(s) ordered to be surrendered shall not be entitled to vote, receive distributions or exercise any other rights of stockholders of record until the holder has complied with the order, but the order operates to suspend such rights only after notice and until compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5 Transfer of Shares.** No transfer of stock shall be valid as against the Corporation except on surrender and cancellation of the certificates therefor accompanied by an assignment or transfer by the registered owner made either in person or under assignment. Whenever any transfer shall be expressly made for collateral security and not absolutely, the collateral nature of the transfer shall be reflected in the entry of transfer in the records of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.6 Transfer Agent; Registrars.** The Board of Directors may appoint one or more transfer agents, transfer clerks and registrars of transfer and may require all certificates for shares of stock to bear the signature of such transfer agents, transfer clerks and/or registrars of transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7 Miscellaneous.** The Board of Directors shall have the power and authority to make such rules and regulations not inconsistent herewith as it may deem expedient concerning the issue, transfer, and registration of certificates for shares of the Corporation's stock.

**ARTICLE VI — DISTRIBUTIONS**

Distributions may be declared, subject to the provisions of the laws of the State of Nevada and the Articles of Incorporation, by the Board of Directors and may be paid in cash, property, shares of corporate stock, or any other medium. The Board of Directors may fix in advance a record date, as provided in Section 2.5 above, prior to the distribution for the purpose of determining stockholders entitled to receive any distribution.

**ARTICLE VII — RECORDS; REPORTS; SEAL; AND FINANCIAL MATTERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1 Records.** All original records of the Corporation, shall be kept at the principal office of the Corporation by or under the direction of the Secretary or at such other place or by such other person as may be prescribed by these Bylaws or the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2 Corporate Seal.** The Board of Directors may, by resolution, authorize a seal, and the seal may be used by causing it, or a facsimile, to be impressed or affixed or reproduced or otherwise. Except when otherwise specifically provided herein, any officer of the Corporation shall have the authority to affix the seal to any document requiring it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3 Fiscal Year-End.** The fiscal year-end of the Corporation shall be such date as may be fixed from time to time by resolution of the Board of Directors.

**ARTICLE VIII — INDEMNIFICATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 Indemnification and Insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(a) Indemnification of Directors and Officers.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** For purposes of this Article VIII,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(A)** "Indemnitee" shall mean each director or officer who was or is a party to, or is threatened to be made a party to, or is otherwise involved in, any Proceeding (as herein defined), by reason of the fact that he is or was a director or officer of the Corporation or member, manager or managing member of a predecessor limited liability company or affiliate of such limited liability company or is or was serving in any capacity at the request of the Corporation as a director, officer, employee, agent, partner, member, manager or fiduciary of, or in any other capacity for, another corporation or any partnership, joint venture, limited liability company, trust, or other enterprise; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(B)** "Proceeding" shall mean any threatened, pending, or completed action, suit or proceeding (including, without limitation, an action, suit or proceeding by or in the right of the Corporation), whether civil, criminal, administrative, or investigative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** Each Indemnitee shall be indemnified and held harmless by the Corporation to the fullest extent permitted by Nevada law, against all expense, liability and loss (including, without limitation, attorneys' fees, judgments, fines, taxes, penalties, and amounts paid or to be paid in settlement) reasonably incurred or suffered by the Indemnitee in connection with any Proceeding; provided that such Indemnitee either is not liable pursuant to the NRS or acted in good faith and in a manner such Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation and, with respect to any Proceeding that is criminal in nature, had no reasonable cause to believe that his conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the Indemnitee is liable pursuant to the NRS or did not act in good faith and in a manner in which he reasonably believed to be in or not opposed to the best interests of the Corporation, or that, with respect to any criminal proceeding he had reasonable cause to believe that his conduct was unlawful. The Corporation shall not indemnify an Indemnitee for any claim, issue or matter as to which the Indemnitee has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the Corporation or for any amounts paid in settlement to the Corporation, unless and only to the extent that the court in which the Proceeding was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such amounts as the court deems proper. Except as so ordered by a court and for advancement of expenses pursuant to this Section, indemnification may not be made to or on behalf of an Indemnitee if a final adjudication establishes that his acts or omissions involved intentional misconduct, fraud or a knowing violation of law and was material to the cause of action. Notwithstanding anything to the contrary contained in these Bylaws, no director or officer may be indemnified for expenses incurred in defending any threatened, pending, or completed action, suit or proceeding (including without limitation, an action, suit or proceeding by or in the right of the Corporation), whether civil, criminal, administrative or investigative, that such director or officer incurred in his capacity as a stockholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** Indemnification pursuant to this Section shall continue as to an Indemnitee who has ceased to be a director or officer of the Corporation or member, manager or managing member of a predecessor limited liability company or affiliate of such limited liability company or a director, officer, employee, agent, partner, member, manager or fiduciary of, or to serve in any other capacity for, another corporation or any partnership, joint venture, limited liability company, trust, or other enterprise and shall inure to the benefit of his heirs, executors and administrators.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4)** The expenses of Indemnitees must be paid by the Corporation or through insurance purchased and maintained by the Corporation or through other financial arrangements made by the Corporation, as they are incurred and in advance of the final disposition of the Proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by the Corporation. To the extent that a director or officer of the Corporation is successful on the merits or otherwise in defense of any Proceeding, or in the defense of any claim, issue or matter therein, the Corporation shall indemnify him against expenses, including attorneys' fees, actually and reasonably incurred in by him in connection with the defense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Indemnification of Employees and Other Persons.** The Corporation may, by action of its Board of Directors and to the extent provided in such action, indemnify employees and other persons as though they were Indemnitees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Non-Exclusivity of Rights.** The rights to indemnification provided in this Article shall not be exclusive of any other rights that any person may have or hereafter acquire under any statute, provision of the Articles of Incorporation or these Bylaws, agreement, vote of stockholders or directors, or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Insurance.** The Corporation may purchase and maintain insurance or make other financial arrangements on behalf of any Indemnitee for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee, member, managing member or agent, or arising out of his status as such, whether or not the Corporation has the authority to indemnify him against such liability and expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Other Financial Arrangements.** The other financial arrangements which may be made by the Corporation may include the following: (1) the creation of a trust fund; (2) the establishment of a program of self-insurance; (3) the securing of its obligation of indemnification by granting a security interest or other lien on any assets of the Corporation; and (4) the establishment of a letter of credit, guarantee or surety. No financial arrangement made pursuant to this subsection may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable for intentional misconduct, fraud, or a knowing violation of law, except with respect to advancement of expenses or indemnification ordered by a court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) Other Matters Relating to Insurance or Financial Arrangements.** Any insurance or other financial arrangement made on behalf of a person pursuant to this Section may be provided by the Corporation or any other person approved by the Board of Directors, even if all or part of the other person's stock or other securities is owned by the Corporation. In the absence of fraud, (1) the decision of the Board of Directors as to the propriety of the terms and conditions of any insurance or other financial arrangement made pursuant to this Section and the choice of the person to provide the insurance or other financial arrangement is conclusive; and (2) the insurance or other financial arrangement is not void or voidable and does not subject any director approving it to personal liability for his action; even if a director approving the insurance or other financial arrangement is a beneficiary of the insurance or other financial arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2 Amendment.** The provisions of this Article VIII relating to indemnification shall constitute a contract between the Corporation and each of its directors and officers which may be modified as to any director or officer only with that person's consent or as specifically provided in this Section. Notwithstanding any other provision of these Bylaws relating to their amendment generally, any repeal or amendment of this Article which is adverse to any director or officer shall apply to such director or officer only on a prospective basis, and shall not limit the rights of an Indemnitee to indemnification with respect to any action or failure to act occurring prior to the time of such repeal or amendment. Notwithstanding any other provision of these Bylaws (including, without limitation, Article X below), no repeal or amendment of these Bylaws shall affect any or all of this Article VIII so as to limit or reduce the indemnification in any manner unless adopted by (a) the unanimous vote of the directors of the Corporation then serving, or (b) by the stockholders as set forth in Article X hereof; provided that no such amendment shall have a retroactive effect inconsistent with the preceding sentence.

**ARTICLE IX — CHANGES IN NEVADA LAW**

References in these Bylaws to Nevada law or the NRS or to any provision thereof shall be to such law as it existed on the date these Bylaws were adopted or as such law thereafter may be changed; provided that (a) in the case of any change which expands the liability of directors or officers or limits the indemnification rights or the rights to advancement of expenses which the Corporation may provide in Article VIII hereof, the rights to limited liability, to indemnification and to the advancement of expenses provided in the Articles of Incorporation and/or these Bylaws shall continue as theretofore to the extent permitted by law; and (b) if such change permits the Corporation, without the requirement of any further action by stockholders or directors, to limit further the liability of directors or limit the liability of officers or to provide broader indemnification rights or rights to the advancement of expenses than the Corporation was permitted to provide prior to such change, then liability thereupon shall be so limited and the rights to indemnification and the advancement of expenses shall be so broadened to the extent permitted by law.

**ARTICLE X — AMENDMENT OR REPEAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1 Board of Directors.** In furtherance and not in limitation of the powers conferred by statute, the Board of Directors of the Corporation is expressly authorized to adopt, repeal, alter, amend and rescind these Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2 Stockholders.** Notwithstanding Section 10.1 above, these Bylaws may be rescinded, altered, amended or repealed in any respect by the affirmative vote of the holders of at least sixty-six and two-thirds percent (66-2/3%) of the outstanding voting power of the Corporation, voting together as a single class.

## Exhibit 4.1

**Exhibit 4.1**

![](image_111.jpg)

NOr VALi D UNLESS COUNTERSIGNED BY TR,\NSFEll AGENT. I NCORl'ORATED UN DER Tl IE LAWS OF Tl IE STATE OF NEVADA. NUMBER C-1 234 TH lS CER.TlFl ES THAT [Name] 123-IS6 ZICIX CORPORATION AUTHORIZED COMMON SH ARES: 1.600.000.000 f'AR VALUE: .001 lS THE RECORD HOLDER OF [Shares] Shares of Zicix Corporation Common Stock CUSIP 98953T 107 [Restrict ion] transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. Date: 2/1 /2012

## Exhibit 10.1

**Exhibit 10.1**

**THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL OR STATE REGULATORY AUTHORITY. THE SHARES BEING SOLD HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK. THE SALE PRICE WAS DETERMINED ARBITRARILY BY THE SELLERS AND BEARS NO RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK VALUE, CURRENT OR FUTURE TRADING PRICE OF THE SHARES, OR ANY OTHER CRITERIA.**

**STOCK PURCHASE AGREEMENT**

THIS STOCK PURCHASE AGREEMENT is made and entered into as of the 7 th day of June, 2024, by and between the Seller set forth on the signature pages hereto ("Seller") and the purchasers set forth on <u>Exhibit A</u>, attached hereto and incorporated herein (each, a "Purchaser", and collectively, the "Purchasers"). Seller owns an aggregate of 100,000,000 shares of Series A Preferred Stock of Zicix Corporation, a Nevada corporation (the "Company"). Purchaser desires to purchase from Seller, and Seller is willing to sell securities, subject to the terms and conditions contained in this Agreement.

NOW THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. <u>Purchase and Sale; Escrow Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>General</u>. Seller hereby agrees to sell to the Purchasers and the Purchasers, in reliance on the representations and warranties contained herein, and subject to the terms and conditions of this Agreement, agree to purchase from the Sellers the following securities (the "Company Shares") for a total purchase price of Two Hundred and Fifty Thousand United States Dollars ($250,000) (the "Purchase Price"), payable in immediately available funds in United States currency.

---

| | |
|:---|:---|
| · | 100,000,000 shares of the Series A Preferred Stock of the Company, par value $0.0001. |
|  | Purchasers and Sellers acknowledge and accept that the trading price of the Company Shares may decrease or increase subsequent to the sale of the Company Shares. Purchaser and Sellers waive claims to any losses as a result of the sale of the Company Shares. 100,000,000 shares of the Company's Series A Preferred Stock constitutes all of the issued and outstanding Series A Preferred Stock and is convertible into common stock at a ratio of one (1) share of Series A Preferred Stock to 100 shares of common stock; each share of Series A Preferred Stock shall entitle the holder thereof to 100 votes on all matters submitted to a vote of Company shareholders. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Promissory Note</u>. The Seller and Purchaser acknowledge and agree that the debt represented by that certain 8% Convertible Promissory Note dated April 1, 2024, in the principal amount of $313,839 and in favor of the Seller (the "Transferred Note"), which is convertible into a total of 11,623,555,666 shares of the Company's common stock (representing a per share conversion price of $0.000027) is the subject of ten (10) separate Debt Purchase and Assignment Agreements (the "Assignment Agreements") representing the sale of the entire $313,839 of debt represented by the Transferred Note and that the Assignment Agreements shall be deemed closed immediately upon the Closing of this Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Escrow Agreement</u>. Seller and Lo Wai Lin are parties to that certain Escrow Agreement of even date hereof pursuant to which the Purchase Price was deposited with Eric Newlan on behalf of Newlan Law Firm, PLLC, (the "Escrow Agent"). Among other things, the Escrow Agreement sets forth the terms and conditions of the deposit and release of the Purchase Price and the holdback of $25,000 (the "Reserve Amount"). In the event of any conflict between the Escrow Agreement and this Agreement, the terms of this Agreement shall govern.

2. <u>Closing</u>. The Closing of the purchase and sale of the Company Shares shall occur upon the satisfaction or waiver of all conditions set forth below, but no later than 5 PM PST on the June 11, 2024, or such other date as may be determined by the parties (the "Closing Date").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Condition Precedent</u>. As a condition precedent to the obligations of the Purchasers to purchase the Company Shares, the Purchasers shall have conducted a due diligence review of the Company and its books and records to its full satisfaction and shall have delivered written confirmation of the same as set forth in Section 2.3 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Sellers/Company Deliverable</u>s: Unless waived in writing by Purchasers, the Sellers and the Company shall on or prior to the Closing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1. Bring the Company up to good standing in the State of Nevada;

2.2.2. Increase the authorized shares of common stock to 12.6 billion shares of common stock

2.2.3. Have paid all amounts due to OTC Markets Group;

2.2.4. Have filed with the relevant authorities and agencies the Company ' s
quarterly report for the three months ended March 31, 2024;

2.2.5. Deliver to the Escrow Agent the Company books and records up to the date of the
Closing, unless otherwise agreed to in writing by the parties, which books and records shall include: (i) copies of filed federal and
Nevada state tax returns for the years 2017 through and including 2023; (ii) all financial books and records; (iii) all board and shareholder
minutes since inception; and (iii) all such other items as the Purchasers may reasonably request;

2.2.6. Provide evidence of delivery to Purchasers copies of all Company Contracts, if any;

2.2.7. Written confirmation of termination of all Company Contracts and performance or
payment in full of all obligations and liabilities of the Company (excluding, however, the Transferred Note), including without limitation:
(i) payment in full of all loans of the Company, including without limitation, those made by Sellers or affiliates of the Company; (ii)
payment in full of all amounts due under the Company Contracts; and (iii) payment in full of all outstanding
invoices or invoices that will become outstanding as of Closing or within fourteen (14) days thereafter.

2.2.8. Executed Statement of No Debt Owed from the Seller regarding full repayment of and
or cancellation and release of any and all liabilities of the Company owed to the Seller (excluding, however, the Transferred Note);

2.2.9. Signed resignation letters of all existing officers and directors of the Company;

2.2.10. Executed Board consents appointing designees of the Purchaser as directors and officers
of the Company;

2.2.11. Contact information of stock transfer agent and corporate counsel; and

2.2.12. A Book Entry Statement from the transfer agent of the Company Shares in the name of
the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Purchaser Deliverables</u>: On or prior to the Closing, the Purchasers shall deliver: (i) the Purchase Price to the Escrow Agent; and (ii) upon the satisfaction of the terms set forth in Section 2.2 hereof as determined by Purchasers in their discretion, written acknowledgement that Purchasers are satisfied with the results of their due diligence review of the Company and its books and records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. <u>Escrow Agreement</u>. On or prior to the Closing, the parties shall have entered into that certain Escrow Agreement which shall govern the terms and conditions pursuant to which the deposit, release and holdback of the Purchase price shall be subject. The parties agree that in the event of a conflict between the terms of the Escrow Agreement and this Agreement with respect to the terms of the deposit, release or holdback of the Purchase Price, the terms of the Escrow Agreement shall govern. The terms of this Agreement shall govern in all other respects.

3. <u>Resignation of Old and Appointment of New Board of Directors and Officers</u>. The Company and the Sellers shall take such corporate action(s) as required by the Company Articles of Incorporation and/or Bylaws to duly (a) appoint the below named persons, or other persons who names shall be delivered to the Company, to their respective positions, to be effective as of the Closing Date, and (b) obtain and submit to the Purchasers, together with all required corporate action(s) the resignation of all members of the board of directors, and any and all corporate officers as of the Closing Date, all of which actions shall be certified and delivered to the Purchasers as effective at Closing by the Sellers in such form and substance satisfactory to the Purchasers. Following the execution of this Agreement and through the date of effectiveness of such resignations, no other officers or directors shall be appointed or elected to serve the Company except as otherwise expressly provided herein.

---

| | |
|:---|:---|
| Name | &nbsp;&nbsp;Position |
| THONG Wai Ping Kenneth | &nbsp;&nbsp;Chief Executive Officer, Director |
| LO Wai Lin | &nbsp;&nbsp;Chief Financial Officer, Secretary, and Director |
| LAI Chi Kwan Thomas | &nbsp;&nbsp;Director |

---

4. <u>Representations and Warranties of Seller</u>. The Seller, on behalf of itself and the Company, hereby represents and warrants to each of the following as of the date hereof and the Closing Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Corporate Existence and Power</u>. The Company is a corporation duly organized and validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation. The Company has the requisite corporate power and authority to carry on its business as presently conducted and as currently proposed to be conducted, to own and operate its properties and assets, to execute and deliver this Agreement, and to carry out the provisions of this Agreement. The Company is duly qualified to do business and is in good standing as a foreign company in all jurisdictions in which the nature of its activities and of its properties makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Subsidiaries</u>. The Company does not own or control any equity security or other interest of any other corporation, partnership, limited liability company or other business entity. The Company is not a participant in any joint venture, partnership, limited liability company or similar

arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Organizational Documents</u>. True, correct and complete copies of the Organizational Documents of the Company have been made available to Purchaser, and no action has been taken to amend or repeal such Organizational Documents since the date of delivery. The Company is not in violation or breach of any of the provisions of its Organizational Documents. "Organizational Documents" means, the Company's articles of incorporation and bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Authorization; No Contravention</u>. The execution, delivery and performance by Sellers of this Agreement and the transactions contemplated hereby (a) have been duly authorized by all necessary action of the Sellers and the Company, (b) do not violate, conflict with or result in any breach or default of (or with due notice or lapse of time or both would result in any breach, default or contravention of), or the creation of any lien under, any Organizational Documents, any contractual obligation of the Sellers or the Company or any requirement of law applicable to the Company, and (d) do not violate any judgment, injunction, writ, award, decree or order (collectively, "<u>Orders</u>") of any governmental authority against, or binding upon, the Company. There are no actions, subpoenas, suits, proceedings, claims, complaints, disputes, arbitrations or investigations (collectively, "<u>Claims</u>") pending, initiated, or, to the knowledge of the Sellers, threatened, at law, in equity, in arbitration or before any governmental authority against the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. <u>Governmental Authorization; Third Party Consents</u>. No consent, approval, authorization, order, registration or qualification (each, an "<u>Authorization</u>") of or with any governmental authority or any other person is required for the execution, delivery or performance (including, without limitation, the sale of the Company Shares) by, or enforcement against, the Company of this Agreement or the consummation by the Company of the transactions contemplated by this Agreement, except (i) such Authorizations as have already been obtained or (ii) as otherwise provided in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.6. <u>Capitalization</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.1. The Company's authorized capital stock consists of 1,600,000,000 shares of common stock, par value $0.0001, of which 916,021,728 shares are issued and outstanding, and 150,000,000 shares of preferred stock, 100,000,000 shares of which are designated Series A Preferred Stock with a par value $0.0001, and the remainder of which are undesignated. There are issued and outstanding 100,000,000 shares of Series A Preferred Stock. All shares of Company stock are owned of record and beneficially by the shareholders in the amounts set forth in the Shareholder's list attached hereto as <u>Exhibit B</u>. There are no outstanding dividends, whether current or accumulated, due or payable on any of the capital stock of the Company, except that the Board has not declared any dividends on any preferred shares, nor have any dividends been paid on those shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.2. Seller is the legal owner, and has good and marketable title (beneficially and of record) to all of the Company Shares. The Company Shares, when issued to the Purchasers pursuant to this Agreement, will be: (i) duly authorized, validly issued, and outstanding; (ii) fully paid, non-assessable, and free of preemptive rights; and (iii) free and clear of any and all pledges, claims, restrictions, charges, liens, security interests, encumbrances, or other interests of third parties of any nature whatsoever. As of the date hereof: (i) there are no outstanding options, warrants, rights, commitments, or agreements of any kind for the issuance or sale of, or outstanding securities convertible into, any additional shares of capital stock of any class of the Company; (ii) there are no voting trusts, voting agreements, proxies, or other agreements, instruments, or undertakings with respect to the voting of any Company securities to which the Company or any of its shareholders is a party; and (iii) there are no restrictions on transfer of any Company securities except for restrictions imposed by applicable laws or by the express terms of this Agreement. There are no contracts, commitments, understandings or arrangement by which the Company is bound to issue additional registered capital, share capital or other securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. <u>Agreements</u>. The Company is not a guarantor or indemnitor of any indebtedness of any other person, party or entity. Except for this Agreement and the Escrow Agreement (as hereinafter defined), and except as set forth on <u>Exhibit C</u>, there are no agreements, understandings, instruments, contracts or proposed transactions, or judgments, orders, writs or decrees, to which the Company is a party or by which it is bound. All contracts set forth on <u>Exhibit C</u> (the "<u>Company Contracts</u>") are in writing and are valid and binding and enforceable against the Company and, to the Company's knowledge, against the other parties thereto in accordance with their respective terms. The Company is not a guarantor or indemnitor of any indebtedness of any other person, party or entity. The Company has not declared or paid any dividends, or authorized or made any distribution upon or with respect to any class or series of its equity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8. <u>Absence of Undisclosed Liabilities</u>. As of the dates of the Company's financial statements, the Company had no liabilities, either accrued or contingent, of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles, and whether due or to become due, which individually or in the aggregate are reasonably likely to have an adverse effect on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9. <u>Absence of All Liabilities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.1. Except for debt owed to the Sellers which is being cancelled at closing and the Transferred Note, the Company has no liabilities, either accrued or contingent, whether or not of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles, and whether due or to become due. Except for the Transferred Note, the Company has fully paid: (i) all employees, consultants, creditors, debtors, vendors and service providers for all obligations that have become due and payable as of the Closing Date; and (ii) all loans, notes payables, and liabilities, either accrued or contingent, whether or not of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles, whether due or to become due or whether or not disclosed in the OTC Markets Reports have been paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.2. There are no lawsuits, actions or administrative, arbitration or other proceedings or governmental investigations ongoing, pending or threatened against or relating to the Company, Sellers or the Company's properties or business. The Company has not entered into or been subject to any consent decree, compliance order, or administrative order with respect to any property owned, operated, leased, or used by the Company. The Company has not received any request for information, notice, demand letter, administrative inquiry, or formal or informal complaint or claim with respect to any property owned, operated, leased, or used by the Company or any facilities or operations thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.3. The Company has filed all tax returns required to have been filed including for the year ended December 31, 2023. All such tax returns were correct and complete in all material respects. All taxes owed by the Company (whether or not shown on any tax return) have been paid. The Company currently is not the beneficiary of any extension of time within which to file any tax return. To the Company's knowledge, no claim has ever been made by an authority in a jurisdiction where the Company does not file tax returns that it is or may be subject to taxation by that jurisdiction. There are no actual, pending or, to the Company's knowledge, threatened liens, encumbrances, or charges against any of the assets of the Company arising in connection with any failure (or alleged failure) to pay any tax. The Company has withheld and paid all taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, shareholder, or other third party. To the Company's knowledge, there is no dispute or claim concerning any tax liability of the Company either claimed or raised by any authority in writing. The Company has not waived any statute of limitations in respect of taxes or agreed to any extension of time with respect to a tax assessment or deficiency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10. <u>Financial Statements</u>. The Company's financial statements fairly present the financial condition of the Company at the dates of said statements and the results of its operations for the periods covered thereby and have been prepared in accordance with United States generally accepted accounting principles and practices consistently applied and consistent with the books and records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11. <u>Binding Effect</u>. This Agreement has been duly executed and delivered by the Sellers, and constitutes the legal, valid and binding obligation of the Sellers, enforceable against the Sellers in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12. <u>Private Offering</u>. No registration of the Company Shares, pursuant to the provisions of the Securities Act of 1933, as amended, or any state securities or "blue sky" laws, will be required by the sale of the Company Shares in the manner contemplated in Section 1 herein. Sellers agree that neither he or she, nor anyone acting on his or her behalf, shall offer to sell the Company Shares or any other securities of the Company so as to require the registration of the Company Shares pursuant to the provisions of the Securities Act of 1933, as amended, or any state securities or "blue sky" laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13. <u>Disclosure</u>. Sellers understand and confirm that Purchasers are relying on the representations, warranties and covenants contained in this Agreement and the disclosures set forth in the reports, forms and other documents filed with FINRA as reflected on the OTC Markets Group, LLC by the Company (collectively, the "OTC Markets Reports") in entering into this Agreement. All disclosures contained in the OTC Markets Reports or otherwise provided to Purchaser(s) regarding the Company, its businesses and the transactions contemplated hereby, furnished by or on behalf of Sellers or the Company are complete, true and correct and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.

5. <u>Indemnification</u>. The Seller shall, notwithstanding any termination of this Agreement, indemnify and hold harmless each Purchaser, the Company, the officers, directors, agents, investment advisors, partners, members and employees of each of them, each person who controls any such Purchaser (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, agents and employees of each such controlling person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and reasonable attorneys' fees) and expenses (collectively, "**Losses**"), as incurred, arising out of or relating to any breach of the representations, warranties and covenants of Sellers or the Company set forth in this Agreement, up to a maximum amount equal to the Purchase Price.

After the Closing Date, upon written notification and supporting documentation (which may be sent by electronic mail) to the Escrow Agent, the Purchasers and or the Company shall be entitled to deduct against the Reserve Amount without the need for initiating any Proceeding an amount equal to any and all Losses arising out of or relating to any breach of the representations, warranties and covenants of Sellers or the Company (pre-Closing) set forth in this Agreement, provided that Purchasers and or the also deliver to Escrow Agent reasonable evidence of the incurrence or accrual of such Losses by the Purchaser or the Company (after Closing).

If any Proceeding shall be brought or asserted against any person entitled to indemnity hereunder (an "**Indemnified Party**"), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the "**Indemnifying Party**") in writing, and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by a court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have proximately and materially adversely prejudiced the Indemnifying Party.

An Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

All fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within ten calendar of written notice thereof to the Indemnifying Party (regardless of whether it is ultimately determined that an Indemnified Party is not entitled to indemnification hereunder; provided, that the Indemnifying Party may require such Indemnified Party to undertake to reimburse all such fees and expenses to the extent it is finally judicially determined that such Indemnified Party is not entitled to indemnification hereunder).

This Section 5 shall expire and terminate one year after the Closing Date.

6. Post Closing Obligations of Seller. Immediately after the Closing, Sellers shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. Prepare and file an Amended Annual Report or Quarterly Report with a subsequent event
disclosing current liabilities of $0.

6.2. Deliver hard copies of all corporate records to a party designated by the Purchasers; and

6.3. Deliver electronic copies of all corporate records to the Purchasers or their designee(s).

7. <u>Miscellaneous</u>. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior agreements and discussions between Purchasers and Sellers. No waiver of any of the provisions of this Agreement will be deemed to constitute a waiver of any other provisions hereof. This Agreement may be executed by the parties hereto in separate counterparts, each of which will be deemed to be one and the same instrument. All claims, disputes and other matters in question between the parties to this Agreement, arising out of or relating to this Agreement or breach thereof, shall be filed and heard only in the state courts of Nevada. The Agreement will be government by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflicts of law thereof.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth in the first paragraph.

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SELLER:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE WILLIAM A. PETTY LIVING TRUST |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Ellaire Petty</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ellaire Petty |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trustee |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100,000,000 shares of Series A Preferred Stock) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Address</u>: 318 North Carson Street, Suite 208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carson City, Nevada 89701 |

---

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**PURCHASER**:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Lo Wai Lin</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo Wai Lin |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Address</u>: 1/F, 173 H Ting Kok |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tai PO, New Territories |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong |

---

**ACKNOWLEDGED:**

ZICIX CORPORATION

a Nevada corporation

By: <u>/s/ Ellaire Petty</u> 

Its: Ellaire Petty

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interim CEO

<u>Address</u>: 318 North Carson Street, Suite 208

Carson City, Nevada 89701

**<u>EXHIBIT A</u>**

**PURCHASERS**

---

| | | |
|:---|:---|:---|
| | Amount of Series A Preferred Shares | Consideration |
| **Lo Wai Lin** | &nbsp;&nbsp;**100000000** | &nbsp;&nbsp;$250000 |
| **TOTAL** | &nbsp;&nbsp;**100000000** | &nbsp;&nbsp;**$250000** |

---

**<u>EXHIBIT B</u>**

**SHAREHOLDERS LIST**

**[See Attachment]**

**<u>EXHIBIT C</u>**

**COMPANY CONTRACTS**

**None**

## Exhibit 10.2

**Exhibit 10.2**

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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL OR STATE REGULATORY AUTHORITY . THE SHARES BEING SOLD HEREBY ARE - - -- - - P..EGB - b - A - 'H¥E - AN - D - lN - V0b - V - E - A - H - IG - H - DEG - R:E:E - QF - R - l:8K --- . --- 'F - IIE - 8A - bE - P - IHGE - W - A - 8, ---- DETERMINED ARBITRARILY BY THE SELLER AND BEARS NO RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK VALUE, CURRENT OR FUTURE TRADING PRICE OF THE SHARES, OR ANY OTHER CRITERIA . STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT is made and entered into this er ::. th day of J ul y , 2 024 , b y and among ZICIX CORPORA TrON . , a Nevada corporation (the " Company " or " P ur chase r '') , ASN Zone One Limited . a Hong Kong private limited company ("ASN") and Lo Yiu Kwok (the "Se ll er") . Se ll er owns an aggregate of 10 , 000 shares of the ordinary stock of ASN, constituting all of the is s ued and outstanding securities of ASN . Purchaser desires to purchas e from Seller, and Se l l er i s willing to sell shares of such common stock , subject to the terms and conditions contained in this Agreement . NOW THEREFORE , in consideration of th e mutual promis es contained herein a nd other good and valuable cons i de r at i on , th e receipt and sufficiency of which are hereby acknow l edged , the partie s agree a s follows : ARTICLE I Definitions ln addition to terms defined elsewhere in this Agreement, the following terms when used in this Agreement shall have the meanings indicated below : ''Affi l iate" shall mean with respect to a specified Person, any other Person whic h , directly or indirectly through one or more int e rmediaries , controls or is controlled by or is under common control with such Person, and without limiting the generality of the foregoing , includes , with respect to a Person (a) any other Person which beneficially owns or holds ten percent (10 %) or more of any class of voting securities or other securities convertible into voting securities of such Person or beneficiall y owns or holds ten percent (10 %) or more of any other equity interests in such Person , (b) any o th er Person with respect to w hich such Person b ene ficiall y owns or holds ten percent (10 %) or more of a ny class of voting securities or other securities convertible into vo t i ng securities of such Person , or owns or holds ten percent (10 %) or more of the equity interests of the other Person , and (c) any directo r or senior officer of such Person . For purpose s of thi s defini t ion , t he tenn " control " (including , with correlative meanings , th e terms "con trolled by" and '' under common control with' '), as used with respect to any Person . means the possession , directl y or indirectl y, of the power to dire ct or cause the direction of the management and policies of such Person, whether throu g h the ownership of voti ng securities or b y contract or otherwise . "A greement " s hall m ean this S to ck P urcha se Agree m en t together wi th all exhibits and sc h e dul es referred to h e rein, wh ich exhib its and schedules are incorporat e d herein and mad e a p art hereof .

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"ASN" shall mean ASN Zone One Limited , a Hong Kong private limited company having its registered office at Flat/Rm 6 A, G/F, San Shing Avenue, Sheung Shui , New Territories , Hong Kong . "ASN Certificates' ' shall mean the certificates representing the ASN Ordinary Stock . "ASN Ordinary Stock'' shall mean the Ten Thousand (I 0 , 000) shares of ordinary stock of ASN being sold by Seller pursuant to this Agreement. "Closing'' shall have the meaning set forth in Section 2.2. ·'Closing Date'' shall mean the elate that the Closing takes place. ''Code" shall mean the Internal Revenue Code of 1986, as amended. '' Commission or SEC" shall mean the United States Securities and Exchange Commission. " Company ' ' shall have the meaning set forth in the recitals. "Company Common Stock' ' shall mean the common stock of the Company at par value of USD$0.00001 per share . ''C ompany Loss" shall have the meaning set forth in Section 5.5. ''Confidential Information'' means any information concerning the businesses and affairs of ASN or the Company that is not already generally available to the public. "Consideration' ' shall mean the consideration set forth in Section 2 hereof payable or issuable by the Company , as applicable, to the Sellers for the acquisition by the Company of Ten Thousand (10 , 000) shares of the ASN Ordinary Stock (representing approximately 100 % of the total issued and outstanding shares of t � e ASN Ordinary Stock) . "E ffective Time ' ' shall have the meaning set forth in Section 2.3. " Environmental Laws'' shall have the meaning set forth in Section 3.18. ·'Exchange Act" shall mean the Securities Exchange Act of 1934 , as amended. ''Financial Statements" shall mean ASN's balance sheets, statement ofoperations, changes in stockholders equity and cash flow as of and for the fiscal years ended and for the three and nine months ended Financial statements for the years ended ----- - , shall be audited , and financial statements for the three and nine months ended ---- - , shall be reviewed, in accordance with US GAAP by a PCAOB registered auditor acceptable to ASN in its discretion . I I

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'· GAAP ' ' shall mean United States generally accepted accounting principles . "Guaranty' ' shall mean , as to any Person , all liabilities or obligations of such Person, with respect to any indebtedness or other obligations of any other Person, which have been guaranteed, � atrectly or inairectly, in any manner by such Person, through an agreement , contingent or otherwise , to purchase such indebtedness or obligation , or to purchase or sell property or services , primarily for the purpose of enabling the debtor to make payment of such indebtedness or obligation or to guarantee the payment to the owner of such indebtedness or obligation against l oss , or to supply funds to or in any manner invest in the debtor . ''Seller" shall have the meaning set forth in the recitals. "Investments' ' shall mean, with respect to any Person, all advances, loans or extensions of credit to any other Person (except for extensions of credit to customers in the ordinary course of business) , all purchases or commitments to purchase any stock, bonds , notes , debentures or other securities of any other Person , and any other investment in any other Person, including partnerships or joint ventures (whether by capital contribution or otherwise) or other similar arrangement (whether written or oral) \ Vith any Person , including , but not limited to, arrangements in which (i) the first Person shares profits and losses of the other Person, (ii) any such other Person has the right to obligate or bind the first Person to any third party , or (iii) the first Person may be wholly or partially liable for the debts or obligations of such partnership, joint venture or other entity . · 'Know l edge ' ' shall mean, in the case of any Person who is an individual, knowledge that a reasonable individual under similar circumstances would have after such reasonable investigation and inquiry as such reasonable individual would under such similar circumstances make , and in the case of a Person other than an individual, the knowledge that a senior officer, director or manager of such Person, or any other Person having responsibility for the particular subject matter at issue of such Person, would have after such reasonable investigation and inquiry as such senior officer , director, manager or responsible Person would under such similar circumstances make . ·'Law' ' and "Laws'' shall mean any federal, state , local or foreign statute, lavv , ordinance, regulation, rule , code, order or other requirement or rule of law . " Liabil iti es " shall mean any direct or indirect indebtedness , liability, claim, loss , damage, deficiency, obligation or responsibility, fixed or unfixed , choate or inchoate , liquidated or unliquidated, secured or unsecured, accrued , absolute , contingent or otherwise , including , without limitation , liabilities on account of taxes, other governmental charges or Litigation , whether or not of a kind required by GAAP or International Financial Reporting Standards, as applicable, to be set forth on a financial statement . '•Litigation" shall mean any actions , suits , investigations , claims or proceedings. " Materia l Adverse Effect' ' shall mean any event or condition of any character which has had or could reasonably be expected to have a material adverse effect on the condition (financial or otherwise), results of operations, assets, liabilities , properties , or business of the Company or ASN, as applicable .

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'·Person'' shall mean any natural person, corporation, unincorporated organization, partnership, association, limited liability company, joint stock company, joint venture, trust or government, or any agency or political subdivision of any government or any other entity . "Reports'' shall mean the quarterly, annual and supplemental r epor ts , and other filings made by the Company with OTC Markets Group as at the date of this Agreement . ''Securities Act" shall mean the Securities Act of 1933, as amended. "Subsidiary" of any Person shall mean any Person, whether or not capitalized, in which such Person owns, directly or indir ect l y , an equity interest of more than fifty percent (50 %), or which may effectively be controlled, directly or indirectly , by such Person . ''Tax'' and "Taxes" shall mean (i) all income, excise, gross receipts, ad valorem, sales, use, employment, franchise, profits, gains, property , transfer , payroll , withholding, severance, occupation, social security, unemployment compensation, alternative minimum, value added, intangibles or other ta xe s , fees, stamp taxes , duties, charges, levies or assessments of any kind whatsoever (whether payable directly or by withholding), together with any interest and any penalties, fines, additions to tax or additional amounts imposed by any governmental or regulatory authority with respect thereto , (ii) any liability for the payment of any amounts of the type described in (i) as a result of being a member of a consolidated, combined, unitary or aggregate group for any Taxable period , and (iii) any liability for the payment of any amounts of the type described in (i) or (ii) as a result of being a transferee or successor to any person or as a result of any express or implied obligation to indemnify any other Person . ''Tax Returns" shall mean returns, declarations, reports, claims for refund, information returns or other documents (including any related or supporting schedules, statements or information) filed or required to be filed in connection with the determination , assessment or collection of any Taxes of any party or the administration of any law s , regulations or administrative requirements relating to any Taxes . ''Tennination Date'' shall have the meaning set forth in Section 6.6. "Transaction Documents'' shall have the meaning set forth in Section 3.2. The words "hereof', ''herein'' and ' ' hereund er" and the words of similar import shall refer to this Agreement as a whole and not to any particular provision of this Agreement . The terms defined in the singular shall have a comparable meaning when used in the plural and vice versa . ARTICLE II

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Purc h ase and Sale 1. Purchase and Sale. The Seller hereby agrees to sell to the Purchaser and the Purchaser , in reliance on the representations and warranties contained herein, and subject to the ---- t erms - - an d - c011ditiu11s - - ofthis - -- A: - gree men r, agree - to -- pu re hase - - fro mi:he - - S - e lteran a - ggregate of - - 1 - 0 �0 OO shares of the ordinary shares of ASN , representing all of the issued and outstanding securities of ASN , for the consideration set forth below: (a) Execution Pavrnent . Upon the execution of this Agreement , Purchaser shall pay to Seller in immediately available funds the cash amount of Five Thousand Dollars ($5 , 000) ; (b) Milestone Pavments . During the three year period following the Closing Date (the "Earn Out Period ") , the Seller shall be entitled to receive up to an aggregate of Six Hundred Thirty Million (630 , 000 , 000) shares of the Company ' s Common Stock , par value $0 . 00001 , upon the achievement of the milestones set forth below (collectively , the ' ' Earn Out Shares '') : a. If the audited financial statements of the Company reflects an annual revenue in excess of $500 , 000 that is directly attributable to ASN, the Company shall issue to Seller or his designee One Hundred Twenty Six Million (126 , 000 , 000) shares of the Company Common Stock ; b. If the audited financial statements of the Company reflects an annual revenue in excess of $1 , 000 , 000 that is directly attributable to ASN , the Company shall issue to Seller or his designee Three Hundred Seventy Eight Million (378 , 000 , 000) shares of the Company Common Stock ; c. lf the audited financial statements of the Company reflects an annual revenue in excess of $2 , 000 , 000 that is directly attributable to ASN , the Company shall issue to Seller or his designee Six Hundred Thirty Million (630 , 000 , 000) shares of the Company Common Stock ; Seller shall not be entitled to receive in excess of Six Hundred Thirty Million (630 , 000 , 000) shares of the Company ' s Common Stock pursuant to this Section . Seller shall not be entitled to any Earn Out Shares if ASN fails to achieve the foregoing milestones during the Earn Out Period . The Earn Out Shares issued by the Company in connection with this Stock Purchase Agreement are issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933 . All securities issued pursuant to this Section are subject to equitable adjustment in the event of any forward stock split, reverse stock split, amalgamation or other similar corporate action occurring after the Closing Date . 2. Time and Place of Closing . The closing of the transactions contemplated hereby (the · 'Closing ' ') will take place at I 0 : 00 A . M . on the date following the satisfaction or waiver of all conditions to the obligations of the parties to consummate the transactions contemplated hereby as set forth in Article VI (other than conditions with respect to actions the respective parties will take at the Closing itself) (the " Closing Date '') . The Closing shall be held at the principal office of the Company , or at such other location or time as may be mutually agreed upon by the parties . The parties agree to take all necessary and prompt actions so as to complete the Closing on or before . 2024 , or at such other date as may be agreed to by the parties in writing .

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2 . 3 Effective Time . The Exchange and other transactions contemplated by this Agreement shall become effective . on the Closing Date (the "Effective Time") . --- z - : - 4 - - Beliverv - of - kS - N - 0 rdinarrStoc k - : - - At - the e losin � he - S - eller shalhurremteraHi : he share certificates which represent in the aggregate of Ten Thousand (10 , 000) shares of the ordinary stock of ASN (representing l 00 % of the total issued and outstanding securities of ASN immediately prior to the Closing Date) and all appropriately executed transfer documents in favor of the Company, in order to effectively transfer to the Company the right , title and interest in and to the ASN Ordinary Stock . 2 . 5 Legend On Securities . Each share of the Company Common Stock to be issued to the Seller as part of the Consideration shall be in book entry format and shall bear substantially the following legend : ''THE SHARES REPRESENTED BY TH.IS CERTLFlCATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE ''US SECURfTlES ACT"), OR THE SECURITY LAWS OF ANY STATE OF THE UNITED STATES. THEY MAY NOT BE SOLD, OFFERRED FOR SALE, PLEDGED OR OTHER WlSE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S . SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLLCABLE STATE SECURITLES LAWS , OR PURSUANT TO AN EXEMPTION OR EXCLUSION FROM STATE SECURlTlES LAWS. HEDGING TRANSACTION [NVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLAINCE WlTH THE U.S. SECURlTlES ACT". ARTICLE III Representations and Warranties of the Company ln order to induce the Seller to enter into this Agreement and to consummate the transactions contemplated hereby , the Company makes the representations and warranties set forth below to ASN and the Seller . 1. Organization . The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada . The Company has all requisite corporate power and authority to carry on its business as presently conducted . The Company is duly qualified to transact business and is in good standing as a foreign corporation in all jurisdictions where the ownership or leasing of its properties or the conduct of its business requires such qualification except where the failure to so qualify would not have a Material Adverse Effect on the Company . 2. Authorization : Enforceability . The execution, delivery and performance of this Agreement by the Company and all other agreements to be executed , delivered and performed by the Company pursuant to this Agreement (collectively, the "Transaction Documents") and the consummation by the Company of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or individual action on the part of the Company . This Agreement and the Transaction Documents have been duly executed and delivered by the

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Company, and constitute the l egal , valid and binding obligation of the Company, assuming the due authorization, execution and de! ivery of this Agreement by the Se! ler , enforceable in accordance with their respective terms , except to the extent that their enforcement is limited by bankruptcy , insolvency , reorganization or other laws relating to or affecting the enforcement of creditors' rights genernll y - and - b y general - princ - iples of equity . 3. No Violation or Conflict . To the Knowledge of the Company, the execution, delivery and performance of this Agreement and the Transaction Documents by the Company, and the consummation by the Company of the transactions contemplated hereby and thereby : (a) do not violate or conflict with any provision of law or regulation (whether federal, state or local) of the United States of America, or any writ, order or decree of any court or governmental or regulatory authority , or any provision of the Company's Articles of Incorporation or Bylaws ; and (b) do not and will not , with or without the passage of time or the giving of notice, result in the breach ot or constitute a default (or an event that with notice or lapse of time or both wou lcl become a default) , cause the acceleration of performance , give to others any right of tennination, amendment , acceleration or cancellation of or require any consent under, or result in the creation of any lien, charge or encumbrance upon any property or assets of the Company pursuant to any instrument or agreement to which the Company is a party or by which the Company or its properties may be bound or affected, other than instruments or agreements as to which consent shal I have been obtained at or prior to the Closing . 4. Consents of Governmental Authorities and Others . To the Knowledge of the Company, other than in connection with the provisions of the Exchange Act, and the Securities Act, no consent, approval, order or authorization of, or registration, declaration, qualification or filing with any federal, state or local governmental or regulatory authority, or any other Person, is required to be made by the Company in connection with the execution, delivery or perfonnance of this Agreement by the Company or the consummation by the Company of the transactions contemplated hereby , excluding the execution, delivery and performance of this Agreement by the Seller . 3 . 5 Conduct of Business . Except as set forth in its Since January 1 , 2024 , the Company has conducted its business in the ordinary and usual course consistent with past practices and there has not occurred any Material Adverse Effect on the Company . Except as disclosed in the Reports , the Company has not (a) amended its Articles of Incorporation or Bylaws ; (b) issued , sold or authorized for issuance or sale, shares of any class of its securities (including, but not limited to , by way of stock split or dividend) or any subscriptions, options, warrants, rights or convertible securities or entered into any agreements or commitments of any character obligating it to issue or sell any such securities ; (c) redeemed , purchased or otherwise acquired , directly or indirectly , any shares of its capital stock or any option , warrant or other right to purchase or acquire any such capital stock ; (d) suffered any damage, destruction or loss, whether or not covered by insurance , which has had or could reasonably be expected to have a Material Adverse Effect ; granted or made any mortgage or pledge or subjected itself or any of its properties or assets to any lien , charge or encumbrance of any kind ; (f) made or committed to make any capital expenditures in excess of USO I 00 , 000 ; (g) become subject to any guaranty ; (h) granted any increase in the compensation payable or to become payable to directors , officers or employees (including, without limitation, any such increase pursuant to any severance package, bonus , pension , profit - sharing or other plan

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or commitment) ; (i) e ntered into any agreement which would be a material agreement , or amended or terminated any existing material agreement ; (j) to the Knowledge of the Company, been named as a party in any Litigation , or become the focus of any investigation by any government or regulatory agency or authority; (k) declared or paid any dividend or other distribution with respect crits - capitaI - stcrck; - o r tl7 - t o - t he - ' l{ - nowledge - of - the - e ompan y, - eXJJerh:ITceu - an y - otlre r e v e11 r o r - cond itio n of any character which has had, or could reasonably be expected to have , a Material Adverse Effect on the Company. 3 . 6 Litigation . There is no Litigation pending or , to the Knowledge of the Company, threatened before any court or by or before any governmental or regulatory authority or arbitrator , (a) affecting the Company (as plaintiff or defendant) or (b) against the Company relating to the Company Common Stock or the transactions contemplated by this Agreement. 7. Brokers . The Company has not emp l oyed any broker or finder , nor has it nor will it incur , directly or indirectly, any broker's , finder ' s, investment banking or similar fees , commissions or expenses in connection with the transactions contemplated by this Agreement or the Transaction Documents . 8. Compliance . To the Knowledge of the Company , the Company is in compliance with all federal , state, local and foreign laws , ordinances, regulations , judgments , rulings, orders and other requirements applicable to the Company and its assets and properties . To the Knowledge of the Company , the Company is not subject to any judicial, governmental or administrative inquiry , investigation, order , judgment or decree . 9. Charter . Bylaws and Corporate Records . True , correct and complete copies of (a) the Articles of Incorporation of the Company, as amended and in effect on the date hereof , (b) the Bylaws of the Company, as amended and in effect on the date hereof , have been made available to ASN and the Seller . 10. Subsid i aries . The Company has no Subsidiary. 11. Capitalization . As of the date of this Agreement, the authorized capital stock oftbe Company consists of 12 , 600 , 000 , 000 shares of common stock , USO $0 . 00001 par value per share , and 100 , 000 , 000 shares of preferred stock , par value $0 . 00001 , all of which are designated Series A Preferred Stock, of which as of the date of this Agreement , 916 , 021 , 728 shares of the Company Common Stock and 100 , 000 , 000 shares of Series A Preferred Stock are issued and outstanding . All shares of outstanding Company Common Stock have been dul y authorized , are validly issued and outstanding , and are fully paid and non - assessable . 12. Rights , Warrants . Options . Except as set forth in the Reports , there are no outstanding (a) securities or instruments convertible into or exercisable for any of the capital stock or other equity interests of the Company ; (b) options , warrants , subscriptions , puts , calls, or other rights to acquire capital stock or other equity interests of the Company ; or (c) commitments , agreements or understandings of any kind, including employee benefit arrangement s, relating to the issuance or repurchase by the Company of any capital stock or other equity interests of the

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Company, or any instruments convertible or exe rcisable for any such securities or any options, warrants or rights to acquire such secur i ties . 13. Filings and Financial Statements . To the Company's Knowledge, all of the Reports --- - - c r = eq = L cce 11 = re c - ca · LOoe fi lectoy tl 1 eeompany hweb � led - wtth 1 he � e> 1 e - l'vlmkets � V 1 . oup - fort he -- pe riuds indicated in th e Reports, and as of the date filed, each of the Reports were true , accurate and complete in all material respects and did not omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading . The financial statements included in the Reports of the Company : (a) have been prepared in accordance with the books of account and records of the Company ; and (b) fa irl y present . and are true , correct and complete statements in all materia l respects of the Company's financial condition and the resu l ts of its operations at the dates and for the periods specified in those statements . 14. Absence of Undisclosed Liabi I ities . Other than as disclosed by the Reports and the financial statements of the Company included in the Reports, the Company does not have any L i ab iliti es . The Company has no Knowledge of any c i rcumstances, conditions , events or arrangements which may hereafter give rise to any Liabilities of the Company . 15. Real Property . The Company does not own any fee simple interest in real property . The Company does not lease , sublease, or have any other contractua l in terest in any real property . 16. Benefit Plans and Agreements . Except as disclosed in the Reports , the Company is not a party to any Benefit Plan (as defined in Section 4 . 17) or employment agreement under which the Company currently has an obligation to provide benefits to any current or former employee, officer , director , consu l tant or advisor of the Co mpany . 17. Material Agreements . Except as disclosed in the Reports, the Company has no other material written and oral conh·acts or agreements including without limitation any : (i) contract resu lti ng in a comm itm ent or potential commitment for expenditure or other obligatio n or potential obligation, or which provides for the receipt or potential receipt , involving in excess of One Hundred Thousand Dollars (USDl 00 , 000 . 00) in any instance, or series of r e lated contracts that in the aggregate give rise to rights or obligations exceeding such amount ; (ii) indenture , mortgage, promissory note, loan agreement , guarantee or other agreement or commitment for the borrowing or lending of money or encumbrance of assets involving more than One Hundred Thousand Dollars (USO 100 , 000 . 00) in each instance ; (iii) agreement which restricts the Company from engaging in any line of business or from competing with any other Person ; or (iv) any other contract, agreement , instrument, arrangement or commitment that is material to the condition (financial or otherw i se), results of operation , assets, properties, liabilities, or business of the Com pany (collectively, and together with the employment agreements, Employee Benefit Plans and a ll other agreements required to be disclosed on any schedule to this Agreement , the " Material Company Agreements'') . 18. Disclosure . No representation or warranty of the Company contained in this Agreement, and no statement, report , or certificate furnished by or on behalf of the Company to Se ller pursuant hereto or in connection with the transactions contemplated hereby , contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the

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statements contained herein or therein not misleading or omits to state a material fact necessary in order to provide Seller with full and proper information as to the business, financial condition , assets , liabilities, and results of operation of the Company and the value of the properties or the ownership of the Company . ARTICLE IV Representations and Warranties of the Seller In order to induce the Company to enter into this Agreement and to consummate the transactions contemplated hereby, ASN and each Seller hereby severally and not jointly makes the representations and warranties set forth below to the Company . 1. Organization . ASN is a private limited company duly organized , validly existing and in good standing under the laws of Hong Kong . ASN has all requisite corporate power and authority to carry on its business as presently conducted . ASN is duly qualified to transact business in Malaysia and is in good standing as a foreign corporation in all jurisdictions where the ownership or leasing of its properties or the conduct of its business requires such qualification except where the failure to so qualify would not have a Material Adverse Effect on ASN . 2. Authorization ; Enforceability . ASN and each Seller have the capacity to execute , deliver and perform this Agreement . This Agreement and all other documents executed and delivered by ASN and Seller pursuant to this Agreement have been duly executed and delivered and constitute the legal, valid and binding obligations of ASN and Seller, as applicable, assuming the due authorization, execution and delivery of this Agreement by the Company , enforceable in accordance with their respective terms, except to the extent that their enforcement is limited by bankruptcy, insolvency , reorganization or other laws relating to or affecting the enforcement of creditors' rights generally and by general principals of equity . 3. No Violation or Conflict . The execution, delivery and performance of this Agreement and the other documents contemplated hereby by ASN and Seller, and the consummation by Seller of the transactions contemplated hereby : (a) do not violate or contl ict with any provision of law or regulation of Malaysia, or any writ , order or decree of any court or governmental or regulatory authority, or any provision of ASN's memorandum and articles of association ; and (b) do not and wi II not, with or without the passage of time or the giving of notice, result in the breach of, or constitute a default (or an event that with notice or lapse of time or both would become a default), cause the acceleration of performance, give to others any right of termination , amendment, acceleration or cancellation of or require any consent under, or result in the creation of any lien, charge or encumbrance upon any property or assets of ASN pursuant to any instrument or agreement to which ASN is a party or by which ASN or its properties may be bound or affected, other than instruments or agreements as to which consent shall have been obtained at or prior to the Closing . 4. Consents of Governmental Authorities and Others . No consent , approval or authorization oL or registration, qualification or filing with governmental or regulatory authority, or any other Person, is required to be made by ASN or Seller in connection with the execution,

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delivery or performance of this Agreement by ASN or Seller , as applicable , or the consummation by ASN or Seller of the transactions contemplated hereby, excluding the e x ecution, delivery and performance of this Agre e ment by the Company . 5. -- Utigatron . There - i · s - no Litigation - pendin g - or - i : hreatened - before an y cou rt - or by or before any governmental or regulatory authority or arbitrator (a) affecting ASN (as plaintiff or defendant) or (b) again s t ASN relating to ASN Ordinary Stock or the transactions contemplated by this Agreement . 6. Brokers . None of ASN nor Seller has employed any broker or finder, and has not incurred and will not incur , directly or indirectly , any broker ' s, finder ' s , investment banking or similar fees , commissions or expenses in connection with the transactions contemplated by this Agreement or the Transaction Documents . 7. Compliance . ASN is in compliance with all ordinances, regulations , judgments , rulings , orders and other requirements imposed by the government of the Malaysia applicable to ASN and its assets and properties , except wher e such noncompliance would not have a Material Adverse Effect on ASN . To the Knowledge of ASN and Seller , it is not subject to any judicial , governmental or administrative inquiry , investigation , order , judgment or d e cree . 8. Charter, Bvlaws and Corporate Records . The Company has been provided with true , correct and complet e copies of (a) the memorandum and articles of association of ASN , as amended and in effect on the date hereof and (b) the minute book ofASN (containing all corporate proceedings from the date of incorporation) . Such minute book contain s accurate records of all meetings and other corporate actions of the board of cl irectors , committees of the board of directors , incorporators and shareholders of ASN from the date of it s incorporation to the date hereof which were memorialized in writing . 9. Capitalization . As of the date of this Agreement, ASN has issued and outstanding ]'en Thousand (10 , 000), shares ofASN Ordinary Stock . The issued and outstanding shares of ASN Ordinary Stock constitute one hundred percent (100 %) of the issued and outstanding capital stock of ASN . All of the outstanding shares of ASN Ordinary Stock have been duly authorized , are validly issued and outstanding , and are fully paid and non - assessable . Th e re are no dividends which have accru e d or been declared but are unpaid on the capital stock of ASN . 10. Subsidiaries . ASN has no Subsidia ry . 11. Rights, WatTants, Options . There are no outstanding : (a) securities or instruments convertible into or exercisable for any of th e capital stock or other equity interests of ASN ; (b) options , warrant s, subscriptions or other rights to acquire capital stock or other equity interests of ASN ; or (c) commitm e nt s, agreements or understanding s of any kind , including e mployee benefit arrangements , relating to the issuance or repurchase by ASN of any capital stock or other equity interests of ASN , or an y instruments convertible or e xercisable for an y s uch s ecuritie s or an y option s , warrant s or ri g ht s to acquire such se curiti es .

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4 . 12 Conduct of Business . Except as set forth below, since January 1 , 2023 , ASN has conducted its business in the ordinary and usual course consistent with past practices and there has not occurred any Material Adverse Effect in the condition (financial or otherwise), results of operations, properties , assets, liabilities , or business of ASN . Since January 1 , 2023 , ASN has not -- -- -- (a) amended its memorandum and ar ticles of association ; - (b �) �- d : : s -- otd 0 Ta 1 . 1 thorire � dforrS'S'CTIDT"ce or sale, shares of any class of its securities (including , but not limited to, by way of stock split or dividend) or any subscriptions , options, warrants , rights or convertible securities or entered into any agreements or commitments of any character obligating it to issue or sell any such securities ; (c) redeemed, purchased or otherwise acquired, directly or indirectly, any shares of its capital stock or any option , ,varrant or other right to purchase or acquire any such capital stock ; (d) suffered any damage , destruction or loss , whether or not covered by insurance, which has had or could reasonably be expected to have a Material Adverse Effect on any of its properties, assets, or business ; granted or made any mortgage or pledge or subjected itself or any of its properties or assets to any lien , charge or encumbrance of any kind ; (t) made or committed to make any capital expenditures in excess of USDl 00 , 000 ; (g) become subject to any guaranty ; (h) granted any increase in the compensation payable or to become payable to directors, officers or employees (including, without limitation, any such increase pursuant to any severance package, bonus, pension, profit - sharing or other plan or commitment) ; (i) entered into any agreement which would be a material agreement , or amended or terminated any existing material agreement ; U) been named as a party in any Litigation , or become the focus of any investigation by any government or regulatory agency or authority ; (k) declared or paid any dividend or other distribution with respect to its capital stock ; or (I) experienced any other event or condition of any character which has had, or could reasonably be expected to have, a Material Adverse Effect on ASN . 4.13 Taxes. (a) all Taxes payable by ASN (if any) have been fully and timely paid or are fully provided for ; (b) neither ASN nor any Person on behalf of or with respect to ASN has executed or filed any agreements or waivers extending any statute oflimitations on or extending the period for the assessment or collection of any Tax . No power of attorney on behalf of ASN with respect to any Tax matter is currently in force ; (c) ASN is not a party to any Tax - sharing agreement or similar arrangement with any other party (whether or not written), and ASN has not assumed any Tax obligations of , or with respect to any transaction relating to, any other Person , or agreed to indemnify any other Person with respect to any Tax ; (d) no Tax Return concerning or relating to ASN or its operations has ever been audited by a government or taxing authority, nor is any such audit in process or pending, and ASN has not been notified of any request for such an audit or other examination . To the Knowledge of Seller , no claim has been made by a taxing authority in a jurisdiction where Tax Returns concerning or relating to ASN or its operations have not been filed , that it is or may be subject to taxation by that jurisdiction ;

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(e) ASN has never been included in any con s olidated, combined , or unitary Tax Return ; and (f) ASN has complied in all material respects with all applicable Laws relating to the payment - and - w ithholding of Ta x e r, a 1 Td has duly and timel y - withheld - from empl - oyee salaTies , wages and other compensation , and has paid over to the appropriate taxing authorities . all amounts required to be so withheld and paid over for all periods under all applicable laws . 4 . 14 Environmental Matters . (a) No real property used by ASN presently or in the past has been used to manufacture , treat, store . or dispose of any hazardous substance and such property is free of all such substances such that the condition of the property is in compliance with applicable Environmental Laws ; (b) ASN is in compliance with all Environmental Laws applicable to ASN or its business as a result of any hazardous substance utilized by ASN in its business or otherwise placed at an y of the facilities owned , leased or operated by ASN , or in which ASN has a contractual interest ; (c) ASN has not received any complaint, notice, order , or citation of any actual, threatened or alleged noncompliance by ASN with any Environmental Laws ; and (d) there is no Litigation pending or threatened against ASN with respect to any violation or alleged violation of the Environmental Laws , and there is no reasonable basis for the institution of any such Litigation . (a) 4 . 15 Financial Statements . The Financial Statements shall : (a) have been prepared in accordance with the books of account and records of ASN ; (b) fairly present , and are true , correct and complete statements in all material respects of ASN ' s financial condition and the results of its operation s at the dates and for the periods specified in those statements ; and (c) have been prepared in accordance with International Financial Reporting Standards consistently applied with prior periods . 16. Absence of Undisclosed Liabilities . Other than as disclosed in the Financial Statements , ASN does not have any Liabilities . None of ASN nor Seller has any Knowledge of any circumstances, cone! itions, events or arrangements which may hereafter give rise to any Liabilities of ASN . 17. Employment Agreements: Employee Benefit Plans and Employee Payments . ASN is not a party to any bonus , pension , profit sharing, deferred compensation , incentive compensation , stock ownership , stock purchase, phantom stock , retirement , vacation , severance , disability , death benefit , hospitalization , medical or other plan, arrangement or understanding (whether or not legally binding) under which ASN currently has an obligation to provide benefits to any current or fonner emp l oyee , officer, director , consultant or advisor of ASN (col l ectively, · 'Benefit Plans "). 18. Assets & Liabilities . ASN has good, clear and marketable title to all the tangible properties and tangible a s s e ts reflected in the Financial Statements as being owned by ASN or acquired after the date thereof which are, individually or in the aggregate , material to ASN ' s business (except properties sold or otherwise disposed of since the dat e thereof in the ordinar y course of bu s iness) , fre e and clear of all mat e rial liens .

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19. Disclosure. No representation or warranty of ASN or Seller contained in this Agreement, and no statement, report, or certificate furnished by or on behalf of Se ll er to the Company pursuant hereto or in connection with the transactions contemplated hereby, contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the - statements ccmta ined ITerein - ortherei n 7 1otmi sleadi - ngur0111its - -- to - state amateri a - Jfactnecessa in order to provide the Company with full and proper information as to the business, financial condition, assets, liabilities , or results of operation of ASN and the value of the properties or the ownership of ASN. 20. Further Representat ions and Warranties. The Seller (by his signature) further hereby represents and warrants to the Company that: a. Seller understands that the shares of the Company Common Stock (collectively, the "Sec urities") to be issued to him pursuant to this Agreement HA VE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES AGENCLES AND NO REGlSTRATION STATEMENT HAS BEEN FILED WITH ANY REGULATORY AGENCY ; b. Seller is not an underwriter and would be acquiring the Securities solely for investment for his own account and not with a view to, or for, resale in connection with any distribution within the meaning of the federal securities act, the state securities acts or any other applicable state securities acts ; c. Seller is not a person in the United States of America and at the time the buy order \ Vas originated, is outside the United States of America and are not a citizen of the United States (a "U . S . person ") as that term is defined in Regulation S of the Securities Act and was not formed by a U . S . person principally for the purpose of investing in securities not registered under the Securities Act ; d. Se ll er understands the speculative nature and risks of investments associated ,vith the Company , and confirms that the acquisition of the Securities would be suitable and consistent with his investment program and that his financial position enables him or her to bear the risks of this investment ; e. To the extent that any federal, and/or state securities laws shall require , Seller hereby agrees that any securities acquired pursuant to this Agreement shall be without preference as to assets ; f. The certificate for shares of the Securities will contain a l egend that transfer is prohibited except in accordance with the provisions of Regulation S ; g. Seller has had the opportunity to ask questions of the Company and has received all information from the Company to the extent that the Company possessed such information , necessary to evaluate the merits and risks of any investment in the Company . Further , Seller acknowledges receipt of : (1) all material books, records and financia l statements of the Company ; (2) all material contracts and documents relating to the proposed transaction ; (3) all

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documents and reports filed with the OTC Markets Group ; and , (4) an opportunity to question the appropriate executive officers or partners: h. Seller has satisfied the suitability standards and securities laws imposed by th - e - go v �1 e 11 ruf the respective - cuuntryh - e or she resides , i. Seller has adequate means of providing for his current needs and personal contingencies and has no need to sell the Securities acquired in the foreseeable future (that is at the time of the investment, he can afford to hold the investment for an indefinite period of time) ; j. Seller has sufficient knowledge and experience in financial matters to evaluate the merits and risks of this investment and further, is capable ofreading and interpreting financial statements . Further , Seller is a · ' sophisticated Seller" as that ter m is defined in applicable court cases and the rules, regulations and decisions of the United States Securities and Exchange Commission ; k. The offer and sale of the Securities referred to herein is being made outside the United States within the meaning of and in full compliance with Regulation S : I. Seller is not a U.S. person within the meaning of Regulation Sand is not acquiring the Shares for the account or benefit of any U.S. person: m. Seller hereby agrees not to engage in any hedging transactions involving the securities described herein unless in compliance with the Securities Act and Regulation S promulgated thereunder ; and n. Seller agrees to resell such Securities only in accordance with the provisions of Regulation S, pursuant to registration under the Securities Act, or pursuant to an available exemption from registration . ARTICLE V Additional Agreements 1. Survival of the Representations and WatTanties . The representations and warranties and covenants set forth in Article 11 [ and Article TV of this Agreement shall survive the Closing until the expiration of twelve (12) months from the Closing Date . No claim for indemnity with respect to breaches of representations and warranties may be brought by any party hereto, other than a claim for fraud or intentional misrepresentation, after expiration of the applicable survival period therefore as set forth in this Section 5 . 1 . 2. Investigation . The representations , warranties, covenants and agreements set forth in this Agreement shall not be affected or diminished in any way by any investigation (or failure to investigate) at any time by or on behalf of the party for whose benefit such representations , warranties , covenants and agreements were made . All statements contained herein or in any schedule, certificate, exhibit, list or other document required to be delivered pursuant hereto, shall

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be deemed to be representations and warranties for purposes of this Agreement ; provided, that any knowledge or materiality qualifications contained herein shall be applicable to such other documents . 3. General Confid · entialitv . Each ofthe parties heTeto will treat and hold as such all of the Confidential Information of the other party, refrain from using any of the Confidential Information except in connection with this Agreement, and unless there is a closing on the Exchange, deliver promptly to the owner of such Confidential Information or destroy , at the request and option of the owner of the Confidential Information, all tangible embodiments (and all copies) of the Confidential lnfonnation which are in its possession . In the event that any of the parties is requested or required (by oral question or request for information or documents in any legal proceeding , interrogatory, subpoena, civil investigative demand, or similar process) to disclose any Confidential Information , that party will notify the affected party promptly of the request or requirement so that the affected party may seek an appropriate protective order or waive compliance with the provisions of this Section 5 . 3 . If, in the absence of a protective order or the receipt of a waiver hereunder , any of the parties is , on the advice of counsel, compelled to disclose any Confidential Infonnation to any tribunal or else stand liable for contempt, that Party may disclose the Confidential Information to the tribunal ; provided, however, that the disclosing party shall use its commercially reasonable efforts to obtain, at the request of the affected party, an order or other assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the affected party shall designate . The foregoing provisions shall not apply to any Confidential Information which is generally available to the public immediately prior to the time of disclosure . 4. Tax Treatment . Neither the Company nor Seller will knowingly take any action, written or otherwise, which would result in the transactions contemplated by this Agreement not being accounted for as tax - free exchange under the Code .) .) General . In case at any time after the Closing Date any f 1 . 111 her action is necessary to carry out the purposes of this Agreement, each of the parties will take such further action (including the execution and delivery of such further instruments and documents) as the other party reasonably may request , all at the sole cost and expense of the requesting party . ARTICLE VI Closing; Deliveries; Conditions Precedent 1. Closing ; Effective Date . All proceedings taken and all documents executed at the Closing shall be deemed to have been taken, delivered and executed simultaneously, and no proceeding shall be deemed taken nor documents deemed executed or delivered until all have been taken , delivered and executed . 2. Deliveries (a) Unless waived by ASN, at Closing, the Company shall deliver the following document s to the Se lier:

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(i) The resolutions adopted by all the directors of the Company approving the acquisition of the ASN Ordinary Stock by the C ompany from the Seller in accordance with the under the terms and conditions of this Agreement and ii7 - - t he � certificate - refened1 : o - in - Secti01 r 6 - : -- 3tdJ . (b) Unless waived by the Company , at Closing, the Seller and ASN shall deliver the following documents to the Company : (i) the ASN Certificates; (ii) a certificate from ad irector or the company secretary of ASN , as of a recent date, as to the good standing ofASN and certifying its Memorandum and Articles of Association ; (iii) certificates , dated the Closing Date , signed by a director of ASN setting forth that authorizing resolutions were adopted by ASN's Board of Directors approving the transfer of all ASN Ordinary Stock to the Company, this Agreement and the other documents contemplated hereby and the transactions contemplated hereby and thereby : (iv) the Financial Statements ; and (v) the certificates referred to in Section 6.4(d) . 6 . 3 Conditions Precedent to the Obligations of ASN and the Seller . Each and every obligation to consummate the transactions described in this Agreement and any and all liability of ASN and the Seller to the Company shall be subject to the following conditions precedent : (a) Representations and Warranties True . Each of the representations and warranties of the Company contained herein or in any certificate or other document delivered pursuant to this Agreement or in connection with the transactions contemplated hereby shall be true and correct in all material respects as of the Closing Date with the same force and effect as though made on and as of such date . (b) Perfo 1111 ance . The Company shall have performed and complied in all material respects ,vith all of the agreements , covenants and obligations required under this Agreement to be performed or complied with by them on or prior to the Closing Date . (c) No Material Adverse Change . Except as expressly permitted or contemplated by this Agreement , no event or condition shall have occurred which has adversely affected or may adversely affect in any respect the condition (financial or otherwise) of the Company between the date of execution of th is Agreement and the Closing Date . (d) The Company ' s Certificate . The Company shall have deliv e red to Seller a certificate dated the Closing Date and signed b y a director of the Company , certif - Y ing that the conditions specified in Sections 6 . 3 (a) , (b) and (c) above have been fulfilled .

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(e) Consents . The Company shall hav e obtained all authorizations, consents . waivers and approvals as may be required to consummate the transactions contemplated by this Agreement . 6 . 4 Conditions Precedent to the Obligations of the Company . Each and every obligation of the Company - to consummate the transactions described in this Agreement and any and all liability of the Company to ASN and the Seller shall be subject to the fulfillment of the following conditions precedent : (a) Representations and Warranties True . Each of the representations and warranties of ASN and the Seller contained herein or in any certificate or other document delivered pursuant to this Agreement or in connection with the transactions contemplated hereby shall be true and correct in all material respects as of the Closing Date with the same force and effect as though made on and as of such date . (b) Performance . ASN and the Seller shall have performed and complied in all material respects with all of the agreements , covenants and obligations required under this Agreement to be performed or complied with by it on or prior to the Closing Date . (c) No Material Adverse Change . Except as expressly permitted or contemplated by this Agreement, no event or condition shall have occurred which has adversely affected or may adversely affect in any respect the condition (financial or otherwise) of ASN between the date of execution of this Agreement and the Closing Date . (d) Seller ' s Certificates . ASN and the Seller Representative shall have delivered a certificate addressed to the Company, dated the Closing Date , certifying that the conditions specified in Sections 6 . 4 (a), (b) and (c) above have been fulfilled . (e) Consents . ASN and the Seller shall have obtained all authorizations, consents, waivers and approvals as may be required to consummate the transactions contemplated by this Agreement , including but not limited to those with respect to any material agreement of ASN . (t) Due Diligence Review . The Company shall have completed within thirty (30) days from the date of this Agreement of its due di!igence investigation of ASN to it s satisfaction . (g) Financial Statements . ASN shall have delivered to the Company the Financial Statements . The Financial Statements shall : (a) have been prepared in accordance with the books of account and records of ASN ; (b) fairly present , and are true , correct and complete statements in all material respects of ASN's financial condition and the results of its operations at the dates and for the periods specified in those statements ; and (c) have been prepared in accordance with US GAAP consistently applied with prior periods . 6 . 5 Best Efforts . Subject to the te 1111 s and conditions provided in this Agreement, each of the parties shall use their respective best efforts in good faith to take or cause to be taken as promptly as practicable all reasonable actions that are within its power to cause to be fulfilled those of the conditions precedent to its obligations or the obligations of the other parties to consummate

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the transactions contemplated by this Agreement that are dependent upon its actions , including obtaining all necessary consents, authorizations , orders , approvals and waivers. 6. Termination. This Agreement and the transactions contemplated hereby may be erminated - m - m1y - time -- priorto - t he - o · ccurren · ce - ofthe - e losing - bythe.nT1taal - consent - ofthe -- p - arti · e hereto; (b) by the Company , if the C lo s ing has not occurred on or prior to , 2024 , or such other date as may be agreed to by the parties hereto (such date of termination being referred to herein as the "Terminat ion Date"), provided the failure of th e Closing to occur by such dat e is not the result of the failure of the party seeking to terminate this Agreement to perform or fulfill any of its obligations hereunder; (c) by ASN or any Seller solely with respect to such Seller and ASN Ordinary Stock h eld by such Se ll er at any time at or prior to Closing in such Seller's sole discretion if (i) any of the representations or warranties of the Compa n y in this Agreement are not in all material respects true, accurate and complete or if the Company breaches in any material respect any covenant contained in this Agreement, provided th at such misrepresentation or breach is not cured within fourteen (1 4) days after notice thereof , but in any event prior to the Termination Date or (ii) any of the conditions precedent to the Company's obligations to conduct the C losing have not been satisfied by the date required thereof; or (d) by the Company at any time at or prior to Closing in its sole discretion if (i) any of the representations or warranties of Seller in this Agreement are not in all material respects tru e , accurate and complete or if Sel l er breaches in any material respect any covenant contained in this Agreement, provided that such misrepresentation or breach i s not cured within fourteen (14) days after notice thereoC but in any event prior to the Termination Date or (ii) any of the conditions precedent to the obligation of ASN and or the Se ll er to conduct the Closing have not been satisfied by the date required thereof. ff this Agreement is terminated pursuant to this Section 6 . 6, written notice thereof shall promptly be given by the party electing such termination to the other party and, subject to the expiration of the cure periods provided in clauses (c) and (ct) above, if any , this Agreement shall terminate without further actions by the parties and no party shall have any further obligations under this Agreement. 7. Shares Issuance . Within twenty (20) days after the achievement of each milestone set forth in Section 2 above , the Company shall take all necessary steps to i ssue and deliver to th e Seller the share certificates evidencing the Earn Out Shares issuabl e in the name of the Seller or his designee(s) for the respective number of shares to which the Se ll er i s entitled pursuant to Section 2 hereof . ARTICLE VII Miscellaneous 1. Notices . Any notice, demand , claim or other communication under this Agreement shall be in writing and delivered personally or sent by certified mail, return receipt requested, postage prepaid, or sent by facsimile or prepaid overnight courier to the parties at the addresses as follows (or at such other addresses as shall be specified by the parties by like notice) : lfto ASN: ASN ZONE ONE LIMITED. FLAT/RM 6A G/F SAN SHING AVENUE

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SHEUNG SHUI , NEW TERRITORIES HONG KONG Attn: Secretary If to the Company: ZICIX Corporation Attn: Secretary If to Seller: To the address set forth below such Seller's signature Such notice shall be deemed delivered upon receipt against acknowledgment thereof if delivered personally, on the third business day following mailing if sent by certified mail, upon transmission against confirmation if sent by facsimile and on the next business day if sent by overnight courier . 2. Entire Agreement: Incorporation. This Agreement and the documents and instruments and other agreements among the patiies hereto as contemplated by or referred to herein contain every obligation and understanding between the parties relating to the subject matter hereof and merges all prior discussions , negotiations, agreements and understandings , both written and oral, if any , between them, and none of the parties shall be bound by any conditions, definitions , understandings , ,varranties or representations other than as expressly provided or refetTed to herein. All schedules , exhibits and other documents and agreements executed and delivered pursuant hereto are incorporated herein as if set forth in their entirety herein. 3. Binding Effect . This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, heirs , personal representatives, legal representatives, and permitted assigns . 4. Assignment . This Agreement may not be assigned by any party without the written prior consent of the other party . Subject to the preceding sentence, this Agreement shall be binding upon and shall inure to the benefit of the pat 1 ies hereto and their respective successors and permitted assigns . 5. Waiver and Amendment . Any representation , warranty, covenant , term or condition of this Agreement which may legally be waived , may be waived, or the time of perfo 1111 ance thereof extended, at any time by the party hereto entitled to the benefit thereof , and any term , condition or covenant hereof (including , without limitation , the period during which any condition is to be satisfied or any obligation performed) may be amended by the parties thereto at any time . Any such waiver, extension or amendment shall be evidenced by an instrument in writing executed on behalf of the party against whom such waiver, extension or amendment is sought to be charged . No waiver by any party hereto, whether express or implied , of its rights under any provision of this Agreement shall constitute a waiver of such p a rty ' s rights under such

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provisions at any other time or a waiver of such party ' s rights under any other provision of this Agreement . No failure by any party thereof to take any action against any breach of this Agreement or default by another party shall con s titute a waiver of the former party's right to enforce any provision of this Agreement or to take action against such breach or default or an y sobs - e l[u rn rbrecrch or defaul r b y - sucl r otheT p - a �6. No Third Party Beneficiarv . Nothing expressed or implied in this Agreement is intended , or shall be construed, to confer upon or give any Person other than the parties hereto and their respective heirs, personal representatives , legal representatives , successors and permitted assigns, any rights or remedies under or by reason of this Agreement, except as othenvise provided herein . 7. Severabilitv. In the event that any one or more of the provisions contained in this Agreement, or the application thereof, shall be declared invalid, void or unenforceable by a court of competent jurisdiction , the remainder of this Agreement shall remain in full force and effect and the application of such provision to other Persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto. The parties further agree to replace such invalid , void or unenforceable provision with a valid and enforceable provision that will achieve , to the extent possible , the economic , business and other purposes of such invalid , void or unenforceable prov1s1on. 8. Expenses . Except as otherwise provided herein , each party agrees to pay , without right of reimbursement from the other party, the costs incurred by it incident to the performance of its obligations under this Agreement and the consummation of the transactions contemplated hereby, including, without limitation , costs incident to the preparation of this Agreement , and the fees and disbursements of counsel , accountants and consultants employed by such party in connection herewith . 9. Headings . The table of contents and the section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of any provisions of this Agreement . 10. Other Remedies : Injunctive Relief . Except as otherwise provided herein , any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not exclusive of any other remedy conferred hereby , or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy . The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific tenns or were otherwise breached . It is accordingly agreed that subject to Section 7 . 13 hereof, the parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court in the state of Nevada, this being in addition to any other remedy to which they are entitled at law or in equity . In any action at law or suit in equity to enforce this Agreement or the rights of the parties hereunder , the prevailing party in any such action or suit shall be entitled to receive a reasonable sum for its attorneys ' fees and all other reasonable costs and expenses incurred in such action or suit .

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7 . 11 Counterparts . This Agreement may be executed in any number of counterparts , each of which shall be deemed an original but all of which together shall constitute one and the same instrument . Facsimile signatures shall be deemed valid and binding . �7 _ 12 aoverning Lm, v . - 'fhis A : greemenrhas - been entered - into and - shall be construed - and enforced in accordance with the laws of the State of Nevada , without reference to the choice of law principles thereof . 13. Jurisdiction and Venue . This Agreement shall be subject to the exclusive jurisdiction of the courts of the State of Nevada . The parties to this Agreement agree that any breach of any term or condition of this Agreement shall be deemed to be a breach occurring in the State of Nevada by virtue of a failure to perform an act required to be performed in the State of Nevada and irrevocably and expressly agree to submit to the jurisdiction of the courts of the State of Nevada for the purpose of resolving any disputes among the parties relating to this Agreement or the transactions contemplated hereby . The parties irrevocably waive, to the fullest extent permitted by law, any objection which they may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement, or any judgment entered by any court in respect hereof brought in the State of Nevada, and further irrevocably waive any claim that any suit, action or proceeding brought in the State of Nevada has been brought in an inconvenient forum . 14. Participation of Parties . The parties hereby agree that they have consulted their respective counsel during the negotiation and execution of this Agreement and, therefore, waive the application of any law , regulation , holding , or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document . 15. Further Assurances . The parties hereto shall deliver any and all other instruments or documents reasonably required to be delivered pursuant to, or necessary or proper in order to give effect to, all of the terms and provisions of this Agreement including, without limitation, all necessary stock powers and such other instruments of transfer as may be necessary or desirable to transfer full and complete ownership of the ASN Ordinary Stock to the Company or the issuance of the applicable securities to the Seller for the Consideration, as the case may be , free and clear of any liens or encumbrances . 16. Publicity . No public announcement or other publicity concerning this Agreement or the transactions contemplated hereby shall be made without the prior written consent of both the Company and Seller as to form , content , timing and manner of distribution . Nothing contained herein shall prevent any party from making any filing required by federal or state securities laws or stock exchange rules of the United States of America . 17. No So li citation . None of ASN, Seller nor the Company shall authorize or permit any of its officers, directors, agents , representatives, managers , members, agents, or advisors to solicit, initiate or encourage or take any action to facilitate the submission of inquiries, proposals or offers from any person relating to any matter concerning any merger , consolidation, business combination , recapitalization or similar transaction involving ASN or the Company, respectively,

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other than the transaction contemplated by this Agreement or any other transaction the consummation of which would or could reasonably be expected to impede , interfere with , prevent or delay the Exchange or which would or could be expected to dilute the benefits to each of the parties of the transactions contemplated hereby . Seller and the Company will immediately cease n - d - c - ause - i : o - be - ten 11 inated - an : r existi 11 g - activifres ; - disn 1 ss iun s - a 11 d - n - egotiatiuns -- with - a 11 n : rm·tte co nd ucted heretofore with respect to any of the foregoing . [REMAINDER OF THIS PAGE LEFT BLANK INTENTIONALLY]

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IN WITNESS WHEREOF, the parties hereto have each executed and delivered this Agreement as of the clay and year first above written. ASN ZONE ONE LIMITED SELLER • Ordinary Shares) Address: _ FLAT/RM 6A G/F, SAN SHING AVENUE SHEUNG SHUI, NEW TERRITORIES HONGKONG

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## Exhibit 10.3

**Exhibit 10.3**

**Framework Agreement for Regional Market Cooperation in the Middle East, Africa, and Asia**

**Party A:** ASN Zone One Limited (ASN)

**Party B:** Shenzhen Qianhai Hengyunlian Technology Co., Ltd.

**November 7, 2024**

**Framework Agreement for Regional Market Cooperation in the Middle East, Africa, and Asia**

**Party A:** ASN Zone One Limited (ASN)

**Chief Executive Officer:** Jacky Wu

**Address:** Room 1901, World Trade Centre, 280 Gloucester Road, Causeway Bay, Hong Kong

**Contact:** (852) 8493 7031

**Party B:** Shenzhen Qianhai Hengyunlian Technology Co., Ltd.

**Legal Representative:** Liu Jinhong

**Address:** Units 3212-3215, 3216, Building U3, U8 Intelligent Manufacturing Industrial Park, No. 393 Hangcheng Avenue, Bao'an District, Shenzhen **Contact:** 13502886668

&nbsp;&nbsp;&nbsp;&nbsp;1. Introduction of the Parties

**Party A: ASN Zone One Limited (also known as "Shilian Group," hereinafter referred to as "ASN")**

Shilian Group is an international platform dedicated to building a global warehousing network, providing customers with one-stop logistics services, including air freight, international warehousing, and transportation.

Headquartered in Dubai, ASN leverages its teams in Asia, Europe, and the Middle East, along with partners in various countries, to offer comprehensive services that help clients expand their business in international markets.

**Party B: Shenzhen Qianhai Hengyunlian Technology Co., Ltd. (hereinafter referred to as "Hengyunlian")**

Established in 2015 with a registered capital of RMB 30 million, Hengyunlian is a high-tech company based in Shenzhen, Guangdong Province, specializing in the R&D, production, and sales of flexible transparent LED film displays. The company boasts a professional technical team comprising domestic and international material science professors and PhDs, leading the industry in flexible transparent LED film display technology. With over 20 self-developed patents (granted or under review), Hengyunlian operates R&D bases in Shenzhen and Zhuhai, along with a modern production facility spanning 15,000 square meters.

Flexible transparent LED film displays are widely used in applications such as storefront advertising, shopping malls, airports, high-speed rail stations, museums, financial institutions, exhibitions, grand event venues, and building facades.

In accordance with the laws of Hong Kong and based on the principles of equality, mutual benefit, and reciprocity, both parties aim to deepen cooperation, leverage complementary strengths, and achieve shared growth. Party A and Party B hereby agree to collaborate in the Middle Eastern and African markets.

The parties hereby establish the following framework agreement to govern their cooperation:

&nbsp;&nbsp;&nbsp;&nbsp;2. Scope of Cooperation

Both parties will jointly develop market opportunities in the Middle East, Africa, and Asia for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Intelligent transportation and logistics systems,

· AI-powered advertising platforms for smart transportation (including hardware and software),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Next-generation LED display equipment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· AI management systems, and related businesses.

Each party shall regard the other as its **exclusive partner** in these regions for the AI advertising equipment and intelligent transportation industries. Any cooperation beyond the Middle East, Africa, and Asia shall be governed by supplementary agreements.

&nbsp;&nbsp;&nbsp;&nbsp;3. Cooperation Model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **Party A** shall be primarily responsible for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Introducing market resources in the relevant regions,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Providing investment and financing for Party B's R&D,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Supporting Party B's capital operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **Party B** shall be primarily responsible for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Sustainable technological R&D,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Offering technical support for Party A's projects,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Managing the daily operations of the product supply chain.

Both parties agree to establish a **project team** to jointly explore market opportunities in the Middle East, Africa, and Asia. The team's responsibilities include coordinating joint market efforts, with members designated by both parties and regular progress meetings.

The parties will jointly establish a **"Middle East, Africa, and Asia Project Team"** (hereinafter referred to as the "Project Team") under their respective organizational structures. Plans include setting up a joint venture in **Dubai, UAE**, for technology R&D, patent registration, market expansion, and business development. The Project Team will be jointly operated by designated representatives from both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Specific operational matters shall be further defined in subsequent contracts for individual projects,
to be signed by Party A (or its designated entity) and Party B (or its designated entity). Party B shall provide Party A with preliminary
product documentation and supply price lists (see **Annex**), which will be updated as needed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Projects under the Project Team may use each other's brands for market promotion to enhance brand visibility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Unless otherwise specified, both parties may refer to each other as "strategic partners" in promotional materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Both parties shall support and facilitate the following activities, provided they do not harm the other's interests or reputation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o (1) Sharing necessary personnel certifications, corporate qualifications, or company materials as required
for business operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o (2) Organizing client visits, inspections, or technical exchanges at each other's facilities.

&nbsp;&nbsp;&nbsp;&nbsp;4. Term of Cooperation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This agreement shall take effect upon signing, with an initial term of **three years**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. During the term, neither party may unilaterally terminate the agreement without legal cause. Termination
requires mutual written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. If an extension is needed, the parties shall negotiate a new agreement, with Party B granted **priority signing rights** under equal conditions.

&nbsp;&nbsp;&nbsp;&nbsp;5. Communication Mechanism

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Both parties shall designate liaison offices to coordinate cooperation, advance initiatives, and execute
project contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each party shall appoint a primary contact for negotiations and business coordination:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o **Party A:** Jacky Wu, Tel: +852 8493 7031

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o **Party B:** Liu Jinhong, Tel: 13502886668

&nbsp;&nbsp;&nbsp;&nbsp;6. Confidentiality Obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Confidential Information** (including technical and business data) obtained during cooperation
shall not be disclosed to unauthorized parties, unless required by law, court order, or regulatory bodies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Both parties shall protect any confidential information acquired during collaboration and refrain from
unauthorized use or disclosure, except as mandated by legal obligations.

&nbsp;&nbsp;&nbsp;&nbsp;7. Liability for Breach

Any violation of this agreement constitutes a breach. The breaching party shall compensate the non-breaching party for losses and may be subject to injunctions, specific performance, or other legal remedies.

&nbsp;&nbsp;&nbsp;&nbsp;8. Miscellaneous

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This is a **framework agreement**, reflecting a non-exclusive intent to collaborate. Specific terms
shall be detailed in formal project contracts. In case of conflict, project-specific agreements shall prevail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Dispute Resolution:** Disputes shall first be resolved through mutual negotiation. If unresolved,
disputes shall be submitted to the courts in Party A's jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Effectiveness:** This agreement becomes effective upon signing and is executed in quadruplicate,
with each party holding two copies of equal legal force.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Amendments:** Unaddressed matters may be supplemented or modified via written addenda, which shall
carry the same legal weight as this agreement.

**[End of Text]**

**Party A (Seal): ASN Zone One Limited**

Authorized Representative (Signature):

**Party B (Seal): Shenzhen Qianhai Hengyunlian Technology Co., Ltd.**

Authorized Representative (Signature):

## Exhibit 10.4

**Exhibit 10.4**

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Dated the day of Oct �6 \ r 2024 MARKET CENTURY GLOBAL LIMITED AND ASN ZONE ONE LIMITED { " �� t �- ���&0 oJ TENANCY AGREEMENT of Room No. 1901 on the 19 th Floor of The World Trade Centre 1901 - 24 - 0402 (New Letting)

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INDEX OF CONTENTS SECTION I - AGREEMENT Premises, Term and Rent 1. SECTION II - RENT AND OTHER CHARGES 1. Rent and Other Charges 2. Service and Management Charges 3. Utility Charges and Deposits 4. Rates & Taxes 5. Interest and Legal Costs SECTION III - TENANT'S OBLIGATIONS 1. Compliance with Ordinances 2. To Fit Out Premises 3. To Keep the Interior in Good Repair 4. Replacement of Windows 5. (a) Installation of Telephone Cables (b) Electrical and Gas Installations (c) Air - conditioning System (d) Checking of Condition and Appliances (e) Security System 6. Sanitmy and Water Apparatus 7. Cleaning of Drains, Air Filter/Extractor Units 8. Indemnity against Loss/Damage from Interior Defects 9. Contents 10. Protection from Typhoons 11. Entry by Landlord 12. To Execute Repairs on Receipt of Notice 13. Inform Landlord of Damage 14. Infestation 15. Damage to Building 16. To Comply with Government Lease 17. To Comply with Deed of Mutual Covenant, Rules and Regulations, Car Park Rules 18. Viewing and Letting and Selling Notices 19. Contractors, Servants, Agents, Licensees, Visitors

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20. Load and Unload through Cargo Lift 21. Refuse and Garbage Removal 22. Window Cleaning 23. Yield Up the Said Premises and Handover 24. Indemnity and Insurance 25. Keep and Maintain Electricity and Water Supply Accounts 26. Pipes and Conduits 27. Keep the Said Premises Open SECTION IV - LANDLORD'S OBLIGATIONS 1. Quiet Enjoyment 2. Government Rent SECTION V - RESTRICTIONS AND PROHIBITIONS 1. Installations and Alterations 2. Injury to Main Walls 3. Damage to Walls, Ceilings and Floors 4. Damage to Common Areas 5. Nuisance or Annoyance 6. Noise 7. Signs 8. User 9. Illegal or Immoral Use 10. Manufacture of Goods 11. Unlawful or Dangerous Goods 12. Obstructions 13. Prevention of Odours 14. Animals, Pets 15. Subletting, Assigning 16. Breach of Government Lease or Deed of Mutual Covenant 17. Breach of Insurance Policy 18. Aerials 19. Air - conditioning 20. No Touting 21. Use of Common Areas 22. Food Restriction 23. Flat Roof(s) and Window(s) ii

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SECTION VI - EXCLUSIONS 1. (a) Common Services and Facilities (b) Electricity/Gas/Water Supply (c) Fire and Overflow of Water, Vermin (d) Non - enforcement (e) Security (f) Vehicles 2. Exemptions Extend to Landlord's Agent and Manager 3. No Duty for Landlord to Insure iii SECTION VII - ABATEMENT OF RENT Abatement 7. SECTION VIII - DEFAULT 1. Default 2. Exercise of Rights 3. Acceptance of Rent 4. Acts of Contractors, Guests, Servants, Agents, Licensees and Visitors 5. Distraint SECTION IX - DEPOSIT 1. Deposit 9.2. Increase of Deposit 3. Repayment of Deposit 4. Deposit Not Rent 5. Transfer of Deposit SECTION X - INTERPRETATION AND MISCELLANEOUS 1. Condonation Not a Waiver 2. Definition of Common Areas and Common Services and Facilities 3. Name of Development 4. Introduction of Rules and Regulations 5. Service of Notices 6. No Fine 7. Exclusion of Wan - anties 8. Special Conditions 9. Joint and Several Liability 10. Genders and Plurals

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11. Marginal Notes, Headings and Index 12. Stamp Duty and Costs 13. Each Provision Independent and Severable 14. Early Termination on Redevelopment Etc. 15. Time 16. Governing Law 17. Rights of Third Party THE FIRST SCHEDULE Part I Part II Part III Paii IV Part V Part VI Part VII Part VIII - Paiiiculars of the Landlord - Particulars of the Tenant - Particulars of Premises - Particulars of Term - Particulars of Rent - Pmiiculars of Service and Management Charges - Particulars of Deposit - Air - Conditioning Operating Hours THE SECOND SCHEDULE - Special Conditions THE THIRD SCHEDULE - Rules and Regulations SIGNATURES IV

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THIS TENANCY AGREEMENT made this Two thousand and day of O cto T ��7 - o .,._,. h_ �\ "' Paiiies BETWEEN the party named and described as Landlord in Part I of the First Schedule hereto (hereinafter referred to as "the Landlord" which expression shall where the context admits include its successor(s) in title and assign(s) and any person(s) or company(ies) for the time being entitled to the immediate reversion expectant upon the term hereby created) of the one paii and the party named and described as Tenant in Part II of the First Schedule hereto (hereinafter referred to as "the Tenant") of the other part . WHEREBY IT IS AGREED as follows : - SECTION I AGREEMENT Premises Term I . In consideration of the rent and the Tenant's covenants hereinafter reserved and contained , the Landlord hereby lets to the Tenant All Those the premises more particularly described in Paii III of the First Schedule hereto (hereinafter refened to as "the said premises") Together with the use in common with the Landlord and all others having the like right of the common areas and the common services and facilities in the building of which the said premises form part (hereinafter referred to as "the said building") insofar as the same are necessary for the proper use and enjoyment of the said premises (except insofar as the Landlord and/or the manager of the said building may from time to time restrict such use) for the term specified in Part IV of the First Schedule hereto (hereinafter referred to as "the said term") EXCEPT AND RESERVED unto the Landlord and the manager of the said building and all persons authorized by the Landlord or the manager of the said building all such rights and privileges as are reserved unto the Landlord and/or the manager of the said building under the Deed of Mutual Covenant and (if any) the Management Agreement of the said building (hereinafter referred to as "the Deed" , which expression shall also mean and include any and all supplemental deed(s) , supplemental agreement(s) and aNO>I � NO H - 0.,.,..,,,. van on(s) and amendment(s) thereto) · ornl t �- I - � YIELDING AND PAYING

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therefor throughout the said term the rent as set out in Part V of the First Schedule hereto and, if payable by the Tenant hereunder and as set out in Part VI of the First Schedule hereto, the service and management charges and other charges (all of which are unless the context otherwise requires hereinafter included under the term "the rent") which shall be paid together with all other outgoings incurred in respect of the said premises in advance clear of all deductions whatsoever (whether legal or equitable) by consecutive monthly payments on the first day of each calendar month the first and the last of such payments to be app 01 iioned according to the number of days respectively in the first and the last month of the said term as included in the said term and the first of such payments shall be made upon the signing hereof . If the day on which the rent and other charges and (if any) rates fall due for payment under this Agreement is a public holiday, the relevant payment shall be deemed due and be payable on the preceding business day . SECTION II RENT AND OTHER CHARGES 2. The Tenant hereby agrees with the Landlord as follows : - - 2 - Rent and Other Charges Service and Management Charges 2 . 1 To pay the rent and other charges promptly on the days and in the manner hereinbefore provided for payment thereof and in banknotes or by bankers' standing order or by direct debit if so demanded . 2 . 2 (i) If under this Agreement and as more paiiicularly provided and stipulated in Paii V of the First Schedule hereto the Tenant shall pay the service and management charges in respect of the said premises, to pay and discharge promptly on the days and in the manner hereinbefore provided for payment therefor and in banknotes or by bankers' standing order or by direct debit if so demanded a fixed monthly sum as determined by the Landlord or the manager of the said building to be the Tenant's share of the service and management charges payable in respect of the said premises . Such fixed monthly sum shall initially be in the amount as set out in Part VI of the First Schedule hereto provided always that the Landlord or the manager of the said building shall

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be entitled from time to time by serving one calendar month's prior notice in writing upon the Tenant to vmy or adjust such amount and thereafter the said fixed monthly sum shall be payable in such varied and adjusted amount in lieu of the amount provided for in Part VI of the First Schedule hereto . (ii) If air - conditioning is provided by the Landlord and the Tenant shall require air - conditioning to be provided by the Landlord outside the normal operating hours as specified in Pmi VIII of the First Schedule hereto, the Landlord shall be entitled to charge for such supply which supply shall be subject to feasibility and prior reasonable notice of such request to the Landlord . The Tenant shall pay the cost of the additional air - conditioning on receipt of the demand note therefor which may be rendered weekly or at such other intervals as the Landlord may decide . (iii) To pay the Landlord or the manager of the said building forthwith upon demand the cost of affixing repairing or replacing as necessmy the Tenant's name in lettering to the direct 01 y board (if any) at the said building . - 3 - Utility Charges and Deposits 2 . 3 To be solely responsible for and pay and discharge promptly all deposits and charges in respect of water, electricity, gas, telephone and any other utility as may be shown by or operated from the Tenant's own metered supplies or by accounts rendered to the Tenant by the appropriate utility companies in respect of all such utilities consumed on or in or for the benefit of the said premises provided that if the Landlord has already paid for any of such deposits, the same shall be reimbursed by the Tenant to the Landlord upon demand . Rates and Taxes 2 . 4 (i) If under this Agreement and as more particularly provided and stipulated in Part V of the First Schedule hereto the Tenant shall pay the rates in respect of the said premises, to pay and discharge promptly all rates qumierly in advance within the months of Janua 1 y, April, July and October and to pay all taxes, assessments, duties, charges, impositions and outgoings of an annual or recurring nature now or hereafter to be assessed, imposed, levied or charged by the Government of the Hong Kong Special

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Administrative Region (hereinafter referred to as "the HK . SAR") or other lawful authority(ies) upon the said premises or upon the owner or occupier thereof (Government Rent and Property Tax only excepted) . Without prejudice to the generality of this sub clause the Tenant shall pay all rates imposed on the said premises in the first place to the Landlord who shall settle the same with the Government of the HK . SAR . (ii) In the event that an assessment to rates in respect of the said premises shall be raised upon the Landlord direct the Landlord shall during the month immediately preceding any quarter in respect of which such rates may fall due be at libe 1 iy to debit the Tenant with and/or notify the Tenant of the amount thereof and the same shall forthwith be paid by the Tenant to the Landlord whereupon the Landlord shall account for the same to the Government of the HK . SAR . (iii) In the event that no valuation or assessment of rates of the said premises shall have been made in accordance with the Rating Ordinance (Cap . 116) or any statutory amendment or modification thereof for the time being in force the Tenant shall pay to the Landlord an amount equivalent to rates payable on the annual rent of the first year on a quarterly basis in advance and any over - payment or under - payment by the Tenant on such interim valuation shall be adjusted when a valuation and assessment of rates of the said premises under the Rating Ordinance shall have been made known . (iv) If under this Agreement and as more paiiicularly provided and stipulated in Part V of the First Schedule hereto the Tenant shall pay the Government rent in respect of the said premises, to pay and discharge the Government rent now or hereafter payable imposed levied or assessed in respect of the said premises . The Tenant shall unless the Landlord otherwise directs pay all such Government rent in the first place to the Landlord, who shall settle the same with the Government of the HK . SAR and in the event of such rent not having been assessed the Tenant shall pay to the Landlord on account of the Tenant's liability under this - 4 -

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Clause a sum equivalent to rates payable on the annual rent of the first rental payable year on quaiierly basis in advance, and any overpayment or underpayment by the Tenant shall be adjusted when such rent is assessed . (v) The Landlord shall be entitled to treat non - payment of any amount debited to the Tenant in accordance with the foregoing provisions of this Clause or any part thereof in all respects as non payment of rent under this Agreement . (vi) If under this Agreement the Tenant is not obliged to pay the rates and/or Government rent in respect of the said premises, sub clauses (i) to (v) of this Clause and all the other pati(s) of this Agreement touching on the duty or liability on the pati of the Tenant to pay the rates and/or Government rent of the said premises shall save as otherwise agreed and stipulated herein be of no effect whatsoever . - 5 - Interest and Legal 2.5 Costs Notwithstanding anything herein contained, the Landlord shall have the right to charge by way of additional rent interest at the rate of 1 . 25 % per month in respect of any payment(s) to be made by the Tenant to the Landlord under this Agreement which shall be more than fifteen (15) days in arrears (whether legally or formally demanded or not) and such interest shall be payable by the Tenant to the Landlord on demand calculated from the date upon which such payment(s) in arrears fell due (and not fifteen (15) days thereafter) until the date of actual payment Provided that the demand and/or receipt by the Landlord of interest pursuant to this provision shall be without prejudice to and shall not affect the right of the Landlord to exercise any other right or remedy hereof (including the right of re - entry) exercisable under the terms of this Agreement . The Landlord shall further be entitled to recover from the Tenant as a debt under this Agreement all expenses including fees paid to debt collectors appointed by the Landlord and all solicitors' and/or counsel's fees and comi fees incurred by the Landlord for the purpose of recovering the rental in arrears and/or other moneys unpaid or any part thereof from the Tenant and fee paid to leasing agent(s) for re - letting of the said premises in the event of earlier termination of this Agreement as

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- 6 - resulted from the Tenant's breach of any term or condition hereof including but not limited to repudiation or anticipatory repudiation of this Agreement by the Tenant on a full indemnity basis together with such sum or sums as shall be determined by the Landlord as being collection charges for the additional work incun - ed by the Landlord and its staff and/or the manager of the said building (as the case may be) in recovering the said arrears and/or unpaid sums or any part thereof . SECTION III TENANT'S OBLIGATIONS 3. The Tenant hereby agrees with the Landlord as follows: - Compliance with Ordinances To Fit Out Premises 3 . 1 To observe, obey and comply with and to fully indemnify the Landlord against the breach by the Tenant of all ordinances, regulations, bye laws, rules and requirements of any Governmental or other competent authority of the HKSAR relating to the use and occupation of the said premises by the Tenant or to any other act, deed, matter or thing done, permitted, suffered or omitted therein or thereon by the Tenant or any servant, employee, agent, licensee or visitor of the Tenant or occupier and to notify the Landlord forthwith in writing of any notice received from any statut 01 y or public authority concerning or in respect of the said premises or any services supplied thereto or of a possible breach of this Clause . 3 . 2 Unless otherwise provided to the contrary herein, to fit out the interior of the said premises in accordance with such plans and specifications as shall have been first submitted to and approved in writing by the Landlord in good and proper workmanlike fashion using good quality materials and in all respects in a style and manner appropriate to a first class office building or complex to the satisfaction of the Landlord and to maintain the same in good repair and condition throughout the said term . All detailed fitting out plans including mechanical and electrical drawings must be submitted to the Landlord or its agent or the manager of the said building for the Landlord's written approval prior to commencement of fitting out works . 14 working days will be required for the Landlord to give approval or disapproval . The

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Tenant will not cause or permit to be made any variation to the approved fitting out plans and specifications or to the interior design or layout of the said premises without any previous approval in writing of the Landlord . The Tenant shall comply with the provisions of this Agreement regarding installation and alterations in respect of such fitting out . The Tenant shall not carry out any fitting out work prior to the Landlord's written approval of the aforesaid plans and specifications and it shall be a condition precedent to the granting of any approval under this Clause that the Tenant shall reimburse to the Landlord any fees and/or costs as may be incurred by the Landlord for the said approval and shall pay debris removal deposit, debris removal fee, temporary electricity charges and other ancillary fee(s)/charge(s) at the amount to be advised by the manager of the said building prior to commencement of the fitting out works for the said premises . - 7 - To Keep the Interior in Good Repair Replacement of Windows 3 . 3 To keep and maintain at the expense of the Tenant all the interior parts of the said premises including the flooring and interior plaster or other finishing, material or rendering to walls, floors and ceilings and (if any) the Landlord's fixtures, fittings and furnishings therein and all additions thereto including (without limitation) all doors, windows, window frames, electrical, plumbing and other installations and wiring, piping, conduits, light fittings, suspended ceilings, fire alarm system, fire fighting equipment and apparatus and air - conditioning ducting and all waste, drain, water and other pipes and sanitary apparatus and fittings therein and all painting, papering and decoration thereof in good, clean, tenantable, substantial and proper repair and condition (fair wear and tear excepted) and as may be appropriate from time to time properly painted and decorated and so to maintain the same at the expense of the Tenant and to deliver up the same to the Landlord at the expiration or sooner determination of the said term in like condition . 3 . 4 To reimburse to the Landlord on demand the cost of replacing all broken and damaged windows and glass of the said premises whether or not the same be broken or damaged by the negligence of the Tenant . Installation of Telephone Cables 3.5 (a) To make his own arrangements with such relevant company(ies) with regard to the installation of telephones and other

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communication systems in the said premises, but the installation of telephone lines and communication lines outside the said premises must be in accordance with the directions given by the Landlord and/or the manager of the said building . - 8 - Electrical and Gas Installations (b) To repair or replace if so required by the appropriate utility company, authority or statut 01 y undertaker as the case may be under the terms of the Electricity Ordinance (Cap . 406) or any other Ordinance or Ordinances or any statutory modification or re enactment thereof or any Orders in Council or Regulations made thereunder or if the same become dangerous or unsafe all the electrical and gas wiring, piping, installations, telephone lines, computer set - up and fittings within the said premises and the wiring and piping from the Tenant's meter or meters to the said premises and to give notice in writing to the Landlord when any electrical and/or gas wiring, piping, installation, telephone lines, computer set - up or fitting of the said premises shall become dangerous or unsafe and the Tenant shall use only a contractor approved in writing by the Landlord for the purposes of the said repair or replacement . The Tenant shall permit the Landlord or its authorised representatives or servants or agents to test the Tenant's electrical and/or gas wiring, piping, installations, telephone lines, computer set - up and fittings in the said premises at any time upon request being made . The Tenant shall fully indemnify the Landlord and hold it hatmless against any cost, claim, damage or proceedings resulting from or attributable to any malfunctioning or disrepair of the electrical and/or gas wiring, piping, installations or telephone lines, computer set - up or fittings or apparatus in or belonging to the said premises . Air - conditioning System (c) To maintain and keep the air - conditioning system (if any) of the said premises including any fan - coil, conduits, air - cooling and circulating units installed within or exclusively for the use of the said premises in all respects in a good clean proper and safe working order and condition and for such purposes the Tenant shall at his own expenses employ only such competent air conditioning contractors as shall be approved in writing by the Landlord . The Landlord may at its sole and absolute discretion

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designate such interval of time or times for such maintenance works to be effected. - 9 - Checking of Condition and Appliances Security System (d) To permit the Landlord and/or the Landlord's authorised representatives or servants or agents as shall be specified from time to time by the Landlord at any time during the said term to enter the said premises to check the state of repair and condition of the said premises and the air - conditioning system (if any), the furnishings and the appliances on or within the said premises . (e) To ensure that its own security system within and at the entrance of the said premises (if any) is at all times compatible with and linked up to the security system for the said building (if any) . Sanitary and Water Apparatus 3 . 6 To maintain at the expenses of the Tenant all toilets and the sanitary and water apparatus in the said premises (if any) or used exclusively by the Tenant its agents servants employees workmen or visitors in a good, clean and tenantable manner and in proper repair and condition at all times during the said term to the satisfaction of the Landlord and in accordance with the regulations or bye - laws of all Public Health and other Government authorities concerned . Cleaning of Drains, Air Filter/Extractor Units 3 . 7 To pay to the Landlord on demand all costs incurred by the Landlord in cleaning, clearing, repairing or replacing any of the drains, pipes or sanitary or plumbing or air filtering and extracting apparatus in the said building that become choked or stopped up owing to the careless or improper use or neglect by the Tenant or any servant, employee, agent, contractor, invitee, visitor or licensee of the Tenant and to fully indemnify the Landlord against any cost, claim or damage caused thereby or arising therefrom . Indemnity against 3.8 Loss/Damage from Interior Defects To be wholly responsible for and to fully indemnify the Landlord against any loss, damage or injmy caused to any person whomsoever or to any property whatsoever whether directly or indirectly through the defective or damaged condition or operation of any part of the interior of the said premises or any paii of the fire fighting equipment or apparatus or any furniture or fixtures or fittings or furnishings or plumbing, electrical, computer or other installations or telephone lines

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or wmng or p 1 pmg therein the repair of which the Tenant is responsible for hereunder or through or in any way caused by or owing to the spread of fire or smoke or fumes or the leakage or overflow of water of whatsoever origin including storm or rain water from the said premises or any pmi thereof or through the act, default or neglect of the Tenant, its servants, employees, agents, licensees or contractors and to keep the Landlord fully indemnified against all costs, claims, demands, actions and legal proceedings whatsoever made upon the Landlord by any person in respect of any loss, damage or injury as aforesaid and all costs and expenses incidental thereto . Contents 3 . 9 To be wholly responsible for and to fully indemnify the Landlord against any loss or damage to property within the said premises including without limitation all the furnishings therein . Protection from Typhoons 3 . 10 To take all necessary and appropriate precautions to protect the interior of the said premises against damage by storm, rainfall, typhoon or the like threats and in pmiicular to ensure that all exterior doors and windows are securely fastened upon the threat of such adverse weather conditions . Entry by Landlord 3.11 To permit the Landlord and the manager of the said building and all persons authorised by them with or without workmen or appliances at all reasonable times and upon reasonable prior notice to enter and view the state of repair and condition of the said premises, to take inventories of the Landlord's fixtures and fittings therein and the furnishings, to test the electric wiring, to read the meters and to cany out any works, repairs or maintenance which require to be done to the said premises, the common areas, the common services and facilities or any other pmi or parts of the said building and to remedy any breach of the Tenant's covenants in this Agreement and to carry out any work or repair required to be done by the Tenant hereunder, which the Tenant will have failed to do despite notice having first been given to the Tenant by the Landlord causing as little nuisance, annoyance or inconvenience to the Tenant and/or the occupiers of the said premises as possible Provided that in the event of an emergency the Landlord, its authorised representatives or servants or agents may enter without notice and forcibly if need be . - IO -

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To Execute Repairs on Receipt of Notice - 11 - Inform Landlord of Damage Infestation Damage to Building 3 . 12 To make good all defects and wants of repair to the said premises for which the Tenant may be liable within the space of fourteen (14) days from the receipt of written notice from the Landlord or its authorised representatives to repair and make good the same, and if the Tenant shall fail to execute such works or repairs as aforementioned, to permit the Landlord or its authorised representatives or servants or agents to enter upon the said premises and forcibly if need be and execute the same at the sole expense of the Tenant and the costs and expenses thereof shall be a debt due from the Tenant to the Landlord and be recoverable forthwith by action . 3 . 13 To give notice in writing to the Landlord or its representative or agent of any damage that may be caused to the said premises or to persons thereupon and of any defects in the furnishings, the fire fighting equipment and apparatus, the water pipes, gas pipes, plumbing, telephone lines, electrical or other installations or wiring or piping or other fittings, fixtures and fittings or facilities provided by the Landlord within seven days from the Tenant becoming aware of any such damage or defect . 3 . 14 At the Tenant's expense to take all such steps and precautions as shall be required by the Landlord to prevent the said premises or any part thereof from becoming infested by termites, rats, mice, roaches or any other pests or vermin . The Tenant shall employ at the Tenant's own cost and expense such pest extermination contractors as the Landlord may approve and at such intervals as the Landlord may direct . 3 . 15 To fully indemnify the Landlord on demand the costs of repairing any part of the said building or the common areas or any of the common services and facilities installed therein that may be damaged by reason of any act, default, neglect or omission on the part of the Tenant, its agents, servants, employees, contractors, visitors or licensees . To Comply with Government Lease 3 . 16 To observe, obey and comply with and to keep the Landlord fully indemnified against any breach by the Tenant or any contractor, servant, employee, visitor, agent or licensee of the Tenant of the terms, conditions and covenants of the Government Lease or (as the case may

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- 12 - be) Leases or other grant or grants under which the land(s) on which the said building is erected is/are held from the Government (hereinafter referred to as "the said Lot") and of the provision as regards the user of the said premises as contained in the relevant part(s) of the Occupation Permit issued in respect of the said building . To Comply with Deed of Mutual Covenant, Rules and Regulations, Car Park Rules Viewing and Letting and Selling Notices 3 . 17 To observe, obey and comply with and to keep the Landlord fully indemnified against any breach by the Tenant or any contractor, servant, employee, visitor, agent or licensee of the Tenant of all the terms, conditions, provisions and covenants of the Deed (if any) and such house rules and regulations and car park rules as may from time to time be made and adopted by the Landlord and/or the manager of the said building . The Rules and Regulations set out in the Third Schedule hereto shall constitute the initial House Rules and Regulations binding upon the Tenant and shall have the same force and effect as if they were set out in the body of this Agreement . For the avoidance of doubt, the said initial House Rules and Regulations shall, in case of conflict, prevail the provisions in the body of this Agreement . 3 . 18 To allow at all reasonable times within six (6) calendar months immediately preceding the expiration or sooner determination of the said term prospective tenants or purchasers or occupiers to inspect and view the said premises and allow the Landlord to maintain affix and exhibit without interference upon any external pmi or pmis of the said premises or where the Landlord shall think fit a notice or notices indicating that the said premises are to become vacant and available for selling or letting and such other information in connection therewith as the Landlord shall reasonably require which notice or notices the Tenant shall not remove or conceal . Contractors, Servants, Agents, Licensees, Visitors 3 . 19 To be responsible and liable to the Landlord for the acts, neglects, omissions and defaults of all contractors, servants, employees, agents, licensees, visitors and, if the Tenant is an individual, family member(s) of the Tenant or occupier of the said premises as if they were the acts, neglects, omissions and defaults of the Tenant itself and to fully indemnify the Landlord against all costs, claims, demands, expenses or liabilities to any third pmiy in connection therewith and

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- 13 - for the purposes of this Agreement "licensee" shall include any person present in, using or visiting the said premises with the consent of the Tenant, express or implied . Load and unload through Cargo Lift 3 . 20 To load and unload goods and effects only at such times during daylight hours and through such cargo lifts and entrances (if any) and at such areas in the said building as may from time to time be designated by the Landlord or the manager of the said building, and in particular to give to the Landlord and the manager of the said building at least twenty four hours' advance notice of the movement of furniture or large objects or large quantities of goods and effects of the Tenant . Refuse and Garbage Removal 3 . 21 To be responsible for the disposal or removal of garbage, rubbish and refuse from the said premises to such places as may be designated by the Landlord or the manager of the said building and not to dispose of or discharge or permit or suffer to be disposed of or discharged any garbage, rubbish or refuse in any other part or paiis of the said building and to use only that type of refuse bag or container as may be specified by the Landlord or the manager of the said building from time to time and shall keep the Landlord fully and effectually indemnified against any cost, claim, proceeding, loss, damage or injury caused to any person whomsoever or any property whatsoever whether directly or indirectly as a result of or due to the accumulation of such garbage, rubbish or refuse of the Tenant in or at the said premises or the said building . Window Cleaning 3.22 To keep the windows of the said premises clean and m proper condition. Yield Up the Said Premises and Handover 3 . 23 (a) To quietly yield up and deliver the said premises together with the furnishings and all fixtures, fittings and additions therein and thereto at the expiration or sooner determination of this Agreement in good, clean and tenantable repair and condition (fair wear and tear excepted) in accordance with its covenants to repair herein contained notwithstanding any rule of law or equity to the contraiy PROVIDED THAT all personal prope 1 iies and effects, alterations, decorations, pmiitions, fixtures, fittings and additions therein and thereto of the Tenant or occupier of the said

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premises shall notwithstanding that the Landlord's consent for the same may have been obtained or given or deemed to have been given if so required at the sole discretion of the Landlord be removed by and at the sole cost and expense of the Tenant at the expiration or sooner determination of this Agreement and the Tenant shall make good and repair in a proper and workmanlike manner all damage to the said premises the said building and the Landlord's fixtures and fittings and the furnishings in the said premises caused by such removal and reinstate the whole or part of the said premises to the condition as they were in at the commencement of the said term AND thereupon to sun - ender to the Landlord or its agent all keys giving access to all parts of the said premises held by the Tenant and at the Tenant's expense to remove from the doors of the said premises and the directory boards of the said building (if any) all lettering and characters and to make good any damage caused by such removal Provided that if the Tenant fails to remove its personal prope 1 iies and effects as left in the said premises (hereinafter refen - ed to as "the abandoned items") the Landlord shall be entitled to give notice in writing to the Tenant to demand the Tenant to remove the abandoned items within three (3) days from the date of the said notice, failing which the Landlord shall be entitled to remove the abandoned items from the said premises without incmring any liability whatsoever to the Tenant therefor but at the costs and expenses of the Tenant to be reimbursed by the Tenant to the Landlord fmihwith upon demand or to be recovered by the Landlord from the Tenant as a debt hereunder payable AND thereafter the Landlord may by further notice in writing to the Tenant to demand the Tenant to collect the abandoned items in the manner as may be stated in the said notice but upon full payment of the aforesaid costs and expenses and such further or other costs and expenses which may then have been incurred (including but not limited to storage charges or fees) within three (3) days from the date of the said further notice, failing which the Landlord shall be absolutely entitled to dispose of, sell, give away or otherwise deal with the abandoned items as it shall in its sole discretion see fit and the Tenant shall be deemed to have abandoned its right of ownership of the abandoned items and the right to re - claim the same and/or - 14 -

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to claim against and recover from the Landlord any proceeds of sale of the abandoned items if sold by or through or by the order of the Landlord and the Tenant shall indemnify and keep the Landlord indemnified fully against all such demand, claim, proceedings and costs made and brought against the Landlord by any third party(ies) in connection with and/or for the re - claim or recove 1 y of the abandoned items or any part(s) thereof or any proceeds from sale of the same or any part(s) thereof . (b) Notwithstanding anything contained herein, at the expiration or sooner determination of this Agreement the Landlord is absolutely entitled to at its sole discretion request for the retention of and retain all or any such furnishings, fixtures, fittings, additions, alterations, decorations, partitions and improvements installed erected or introduced in and to the said premises or any part(s) thereof for which the Landlord's consent may have been obtained or given or deemed to have been given but without payment of any compensation for the same to the Tenant . - 15 - Indemnity and Insurance 3 . 24 (a) To effect and maintain at all times during the currency of this Agreement comprehensive insurance cover to the satisfaction of the Landlord in respect of the following : - (i) Third Paiiy In respect of liability for loss injury or damage to any person or property whatsoever caused through or by any act default or neglect of the Tenant which might give rise to a claim for indemnity pursuant to Clause 3 . 8 (or, as in case of re an - angement of clauses, such clause with margin note stating "Indemnity against Loss/Damage from Interior Defects") hereof . The policy of insurance shall be endorsed to show the Landlord as the owner of the said premises and shall be in any amount not less than HK $2 , 500 , 000 . 00 (in the case of the said premises being not less than 5 , 000 square feet) or HK $1 , 000 , 000 . 00 (in the case of the said premises being less than 5 , 000 square feet) or in such amount as the Landlord may from time to time reasonably require and such insurance policy shall contain a clause to the effect that the insurance

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cover thereby effected and the terms and conditions thereof shall not be cancelled modified or restricted without the prior consent of the Landlord . (ii) Glass All glass now or hereafter on or in the said premises for its full replacement value . (iii) Water Damage Against damage to stock fixtures and fittings for the full insurable value occurring in respect of the use or misuse of the fire sprinkler system installed within the said premises or the incursion of water therein . (iv) Tenant's Fittings and Stock The Tenant's fittings stock and equipment within the said premises against fire and extraneous perils for their full replacement value. (b) To pay the premium in respect of any policies effected pursuant to this Clause upon the due date and whenever so required by the Landlord to produce to the Landlord a ce 1 iified copy of such policies of insurance and the receipts for the last premium paid and certificates from the insurance companies that the policies of insurance are in all respects valid and subsisting and in the event of failure to do so the Landlord may effect such insurance either in its sole name or in the joint names of the Landlord and the Tenant (as the Landlord may in its discretion decide) and in such event to reimburse the Landlord on demand all costs and expenses thereby incurred by the Landlord . - 16 - Keep and Maintain Electricity and Water Supply Accounts 3 . 25 To keep and maintain at the Tenant's sole cost and expense electricity and water supply account with the relevant power and supply companies for the supply of electricity and water to the said premises throughout the said term . In the event of the Tenant applying for disconnection of any of such supply or termination of any of such accounts at the expiration or sooner termination of this Agreement, the Tenant shall give to the Landlord sufficient prior notice in writing to

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- 17 - enable the Landlord to make atrnngement for the transfer of the said account . In the event that the supply of electricity and/or water to the said premises is disconnected without the said prior notice to the Landlord, the Tenant shall bear all costs and expenses whatsoever incurred by the Landlord of and incidental to the re - connection of such supply to the said premises and all such costs and expenses shall either be deducted by the Landlord (and the Tenant hereby expressly authorizes the Landlord so to do) from the deposit paid by the Tenant hereunder or be recoverable from the Tenant by the Landlord as a debt . Pipes and Conduits 3 . 26 To permit the Landlord to erect use and maintain pipes and conduits in and through the said premises . The Landlord or his agents shall have the right to enter the said premises at all times to examine the same . Keep the Said Premises Open Quiet Enjoyment 3 . 27 To keep the said premises open for business at all times of the year during the normal office hours adopted for the said building and without prejudice to the generality of the foregoing any suspension of the Tenant's business for a period of more than three (3) working days without the prior consent of the Landlord shall constitute a material breach of this provision entitling the Landlord to determine this Agreement and to regain possession of the said premises . SECTION IV LANDLORD'S OBLIGATIONS 4. The Landlord hereby agrees with the Tenant as follows : - 4 . 1 That the Tenant duly paying the rent and charges hereby agreed to be paid on the days and in the manner herein provided for payment of the same and observing and performing the agreements, stipulations, terms, obligations and conditions herein contained and on the Tenant's part to be observed and performed shall peacefully hold and enjoy the said premises during the said term without any interruption by the Landlord or any person lawfully claiming under or in trust for the Landlord . Government Rent 4.2 To pay the service and management charges, rates and the

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Government rent (in so far as any of them not being payable by the Tenant hereunder) and the Property Tax payable in respect of the said premises . SECTIONV RESTRICTIONS AND PROHIBITIONS 5. The Tenant hereby agrees with the Landlord as follows: - - 18 - Installations and Alterations 5 . 1 (a) Not without the previous written consent of the Landlord to erect, install, alter, affix, attach or build or permit or suffer to be erected, installed, altered, affixed, attached or built any fixtures and fittings, partitionings, architectural features, air - conditioning units or plants, radio or television aerials or other erections or fixtures and fittings or equipment or installations of any kind in the said premises or the said building or upon the roofs or through the windows or external walls thereof or any other part or paiis thereof or without the like consent to make or permit or suffer to be made installations in or alterations or additions to the sprinkler system or any other fire protection or fire fighting system, equipment or apparatus or security system, equipment or apparatus, electrical/gas wiring/piping, air - conditioning ducting, lighting, fixtures and fittings or other Landlord's fixtures and fittings or the furnishings or installations or to install or place or permit or suffer to be installed or placed any safe, equipment, furniture, plant, object, goods, apparatus or machinery which may impose a weight on any pali of the flooring in excess of that for which it is designed or which requires any additional electrical/gas mains/ wiring/piping or which may consume electricity/gas not metered through the Tenant's separate meter . In the event of breach of this covenant, the Tenant shall keep the Landlord fully indemnified against all loss, damages, claims and demands as a result thereof and shall make good any damage caused thereby to that paii of the said building or any fixtures and fittings therein provided that the indemnification and the making good of such damage as aforesaid shall be without prejudice to any fmiher right competent to the Landlord by virtue of such breach . For the avoidance of doubt, the Tenant shall comply

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- 19 - with the directions and instructions of the Landlord regarding installation of all permitted erections fixtures and fittings equipment and shall at its own expense be responsible for their periodic inspection, maintenance and repair and for the replacement of defective wiring and parts and the Tenant shall be strictly liable for any damage caused by the installation, operation, defect or removal of the same . (b) Not to make or permit or suffer to be made any alterations in or additions to the mechanical or electrical installations in the said building nor to overload or permit or suffer to be overloaded the lifts or the electrical circuits within the said building nor to place or transport or install or use or permit or suffer to be placed or transpmied or installed or used any equipment, apparatus or machinery which may exceed the loading of the lifts or the electrical installations or the electrical main or wiring in the said building or which may consume electricity not metered through the Tenant's separate meter . (c) Not to make or permit or suffer to be made any alterations to any installation or fixture so as to affect or be likely to affect the supply of water, electricity or other utility or service to or in the said building . (d) Not to make or permit or suffer to be made any external or structural alteration or other alteration or addition whatsoever to the said building or to the existing design or external appearance of the facade or elevations of the said building or the common areas or the common services and facilities thereof . (e) Not without the prior written consent of the Landlord which may be granted or withheld or granted subject to conditions imposed at its absolute discretion to change or in any way to alter (if any) the standard entrance doors provided by the Landlord for access to the said premises or to erect or install or alter or affix or attach or build or permit or suffer to be erected, installed, altered, affixed, attached or built any fixtures and fittings, paiiitions, doors, gates, metal grilles, shutters or any other erection or structure or

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installation whatsoever whether of a temporary or permanent nature in the said premises or in or at the doorway or entrance or staircase or roof in or on or to the said premises or the said building or at any of the fire exits therefrom or erect any such fixture or partition or door or gate or metal grille or shutter or alter or obstruct the position of any smoke lobby doors or fire escape means of the said building or any other fire protection or fire fighting systems equipment or apparatus that might in any way contravene the laws, bye - laws or regulations from time to time in force of the Fire Services Depaiiment or other competent authority concerned, nor in any other respect to contravene the same . (f) Any work hereunder for which the Landlord's written consent shall have been first had and obtained shall be carried out and completed at the Tenant's risk solely and shall in all respects fully comply with the Buildings Ordinance and any regulations thereunder and in carrying out any approved work hereunder the Tenant shall and shall cause its servants, employees, agents, contractors and workmen to cooperate fully with the Landlord and all authorised representatives, servants, employees, agents, contractors and workmen of the Landlord and with other tenants or contractors carrying out any work in the said building . The Tenant, its servants, employees, agents, contractors and workmen shall obey and comply with all instructions and directions which may be given by the Landlord and its authorised representatives and the manager of the said building in connection with the carrying out of such work . (g) In carrying out any work to the mechanical and electrical installations and/or wirings and/or the sprinkler systems and/or the fire protection and fire fighting systems, equipment and apparatus and/or the security systems, equipment and apparatus which has been previously approved by the Landlord, the Tenant shall use only a contractor approved in writing for the purpose by the Landlord at the expense of the Tenant and in such manner as the Landlord shall in its absolute discretion think fit and the Tenant shall also be solely responsible for all electricity and other - 20 -

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- 21 - charges thereby incurred. (h) The Tenant shall if required by the Landlord pay on demand all costs, charges and expenses (including legal costs and fees payable to architects, engineers and surveyors) which may be reasonably incurred by the Landlord in connection with any licence or consent granted for the work under this Clause . Injury to Main Walls 5 . 2 Not to cut, maim, injure, drill into, mark or deface or permit or suffer to be cut, maimed, injured, drilled into, marked or defaced any doors, windows, window frames, walls, beams, ceilings, structural members or any part of the fabric of the said premises or any of the plumbing or sanitary or air - conditioning or water - heating apparatus or installation included therein or the fixtures and fittings in the said premises or the said building . Damage to Walls, 5.3 Ceilings and Floors Not without the consent of the Landlord (which consent the Landlord shall not unreasonably withhold) to drive or insert or permit or suffer to be driven or inse 1 ied any nails, screws, hooks, brackets or similar articles into the ceilings, walls or floors of the said premises nor without the previous written consent of the Landlord to lay or use or permit or suffer to be laid or used any floor covering or do or permit or suffer to be done any other act or thing which may damage or penetrate the existing flooring, floor screed or slabs of the said premises or the said building . Damage to Common Areas Nuisance or Annoyance 5 . 4 Not to damage, injure or deface or permit or suffer to be damaged, injured or defaced any paii of the structure, fabric or decorative features of the common areas and the common services and facilities including any stairs, gates, fences, hedges, trees, plants or shrubs therein or thereabout . 5 . 5 Not to do or permit or suffer to be done any act or thing which may be or become a nuisance or annoyance to the Landlord or to the tenants or occupiers of other premises in the said building or in any adjoining or neighbouring premises or which may in any way interfere with or affect or which is likely to interfere with or affect the management and the maintenance of the said Lot and the said building and it is agreed

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that a persistent breach by the Tenant of the terms of this Clause after warning in writing has been given by the Landlord to the Tenant shall amount to a breach of this Agreement justifying the Landlord exercising its rights of re - entty hereunder . - 22 - Noise 5 . 6 Not to cause or produce or permit or suffer to be produced at any time in the said premises any music or noise or vibration (including sound produced by broadcasting from radio, television or any apparatus or equipment capable of producing and reproducing sound) so as to be audible outside the said premises or any vibration or resonance or other fo 1 m of disturbance nor to emit transmit or receive any microwaves by any unlicensed means of telecommunication or in any manner in contravention of the Telecommunications Ordinance (Chapter 106) or in interference with the use and enjoyment of broadcasting from radio or television of other owners, tenants or occupiers of adjacent or neighbouring premises or to do or cause or permit or suffer to be done any other acts or things in or on the said premises which is or are or may be or become a nuisance or annoyance to the owners, tenants or occupiers of adjacent or neighbouring premises or give rise to a cause for reasonable complaint and it is agreed that a persistent breach by the Tenant of the terms of this Clause after warning in writing has been given by the Landlord to the Tenant shall amount to a breach of this Agreement justifying the Landlord exercising its rights of re - entry hereunder . Signs 5 . 7 Not to paint or exhibit or affix or display or permit or suffer to be painted or exhibited or affixed or displayed within or outside the said premises or any part thereof so as to be visible from outside the said premises any signboard, sign, decoration, advertising matter or other device whether illuminated or not nor to affix any writing, sign, signboard, decoration, advertising matter or other device in, at or above any part or parts of the common areas of the said building and the Landlord and/or the manager of the said building and their agents shall have the right to remove the same at the expense of the Tenant . User 5 . 8 (a) Not to use, pe 1 mit or suffer the said premises or any part thereof to be used for any purpose other than as office premises and the Tenant shall conduct therein only such business undertakings

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- 23 - which are duly authorised licensed approved or permitted by the relevant and competent Government authorities and comply in all respects with the conditions terms and regulations relating to such business or imposed on the granting of the licence and/or approval in respect thereof . (b) Not to permit any person to remain in the said premises overnight without the prior written permission of the Landlord such permission shall only be given to enable the Tenant to post watchman to look after the contents of the said premises which shall not be used as sleeping quarters or as domestic premises within the meaning of any ordinance for the time being in force . Illegal or Immoral 5.9 Use Not to use or cause or permit or suffer the said premises or any part thereof to be used for gambling or for any illegal or immoral or improper purposes . Manufacture of Goods 5 . 10 Not to use or permit or suffer the said premises to be used for the purpose of the manufacture or making of goods and merchandise nor to conduct or permit any auction, closing down or similar sale of things or prope 1 iies of any kind to take place in the said premises . Unlawful or Dangerous Goods Obstructions 5 . 11 Not to keep or store or permit or suffer or cause to be kept or stored in the said premises any unlawful goods or any arms, ammunition, gunpowder, salt - petre, petroleum, liquidfied petroleum gas, butane gas, kerosene or other explosive or combustible substance or dangerous, hazardous or prohibited goods within the meaning of the Dangerous Goods Ordinance (Cap . 295) and the regulations made thereunder or any statutory modification or re - enactment thereof from time to time in force and to fully indemnify the Landlord against all actions, costs, claims and demands in respect of any breach or non observance of this provision . 5 . 12 Not to use or cause or permit or suffer the entrances, lobbies, staircases, landings, conidors, passages, driveways and other common areas to be used for loitering or eating and not to place or leave or encumber or obstruct or permit or suffer to be placed or left or encumbered or obstructed with any boxes, furniture, aiiicles, dust

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bins, chattels, goods, packaging, rubbish or other obstruction of any kind or nature any of the entrances, staircases, corridors, landings, passages, lobbies, driveways or other common areas and the Landlord and its authorised representatives shall be entitled without notice and at the Tenant's expense to remove and dispose of as they see fit any such material aforesaid and the Landlord and its authorised representatives shall not thereby incur any liability to the Tenant or any other person whomsoever and the Tenant shall fully indemnify the Landlord against all loss, claims, damages or expenses as against the Landlord in respect thereof . - 24 - Prevention of Odours Animals, Pets Subletting, Assigning 5 . 13 Not to cause or permit or suffer any offensive or unusual odours or noxious smells which shall be offensive or unusual to be produced upon, permeate through or emanate from the said premises . 5.14 Not to keep or permit or suffer to be kept any animals or pets inside the said premises. 5 . 15 Not to assign, underlet, part with the possession of or transfer the said premises or any part thereof or any interest therein in any way nor permit or suffer any arrangement or transaction whether by way of sub - letting, lending, sharing or other means whereby any person or persons not a party to this Agreement obtains the use, possession, occupation or enjoyment of the said premises or any pati thereof irrespective of whether any rental or other consideration is given therefor and in the event of any such transfer, sub - letting, lending, sharing, assignment or parting with the possession of the said premises this Agreement shall absolutely determine at the option of the Landlord and the Tenant shall forthwith vacate the said premises on notice to that effect from the Landlord . The tenancy hereby created shall be personal to the Tenant named in this Agreement and without in any way limiting the generality of the foregoing the following acts and events shall be deemed to be breaches of this Clause : - (a) In the case of a tenant which is a patinership the change in such paiinership whether on the death or retirement of an existing partner or otherwise .

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(b) In the case of a tenant which is a corporation any take - over, reconstrnction, amalgamation, merger, voluntary liquidation or change in the person or persons who owns or own a majority of its voting shares or who otherwise has or have effective control thereof . (c) In the case of a tenant who is an individual the death, insanity or disability of that individual to the intent that no right to use, possess, occupy or enjoy the said premises or any part thereof shall vest m the executors, administrators, personal representatives, next of kin, trustee or receiver of any such individual . (d) The change of the Tenant's name without the previous written approval of the Landlord . (e) The giving by the Tenant of a Power of Attorney or similar authority whereby the donee of the Power obtains the right to use, possess, occupy or enjoy the said premises or any pmi thereof or does in fact use, possess, occupy or enjoy the same . - 25 - Breach of Government Lease or Deed of Mutual Covenant Breach of Insurance Policy 5 . 16 Not to do or permit or suffer to be done any act, deed, matter or thing whatsoever which amounts to a breach of any of the provisions, terms, conditions and covenants of the Government Lease or Conditions under which the said Lot is held from the Government or of the Deed affecting the said building and to fully indemnify the Landlord against the consequences of any such breach . 5 . 17 Not to do or permit or suffer or cause to be done any act, deed, matter or thing whatsoever whereby the policy or policies of insurance on the said building or the said premises or any part or parts thereof against loss or damage by fire and/or other insurable perils and/or claims by or liabilities to third parties for the time being in force may be rendered void or voidable or whereby the rate of premium thereon may be increased Provided that if as the result of any act, deed, matter or thing done, permitted, suffered or caused by the Tenant or occupier of the said premises, the premium on any such policy or policies of insurance shall be increased the Landlord shall be entitled without prejudice to

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any other remedy hereunder to recover from the Tenant the amount of any such increase and the Tenant shall fmihwith repay to the Landlord on demand all sums paid by the Landlord by way of increased or additional premium thereon and all expenses incurred by the Landlord in and about any renewal of such policy or policies arising from or rendered necessary by such breach and in the event of the said premises or the said building or any part or paiis thereof being damaged or destroyed by fire or other insurable cause at any time and the insurance money under any insurance against fire or other such cause effected thereon being wholly or partially irrecoverable by reason solely or in part of the Tenant's act or default then and in every such case to forthwith pay to the Landlord the whole or (as the case may require) a fair proportion of the cost of completely rebuilding or reinstating the same . - 26 - Aerials 5 . 18 Not to erect any aerial on the roofs or walls of the said building or within the said premises and not to interfere with, remove, dismantle or alter those common aerials (if any) of the said building . Air conditioning No Touting Use of Common Areas 5 . 19 Not without the prior written consent of the Landlord to install air conditioning facilities in addition to such facilities as are provided by the Landlord and to take all possible measures to prevent excessive noise, condensation or dripping onto any part of the said building in respect of all such air - conditioning facilities of the said premises . 5 . 20 Not to tout or solicit or procure or conduct or permit or suffer any touting or soliciting for business or the distribution of any pamphlets, notices or adve 1 iising matters outside the said premises or anywhere within the said building or the estate or development of which the said building forms part by the Tenant or any of the Tenant's servants, employees, agents or licensees . 5 . 21 Not to use the common areas and the common services and facilities of the said building save and except in accordance with the directions of the Landlord or the manager of the said building or their authorised representatives or the general rules or the car park rules or the club rules (if any) .

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Food Restriction - 27 - 5 . 22 Not to cook, prepare or consume any food on or in the said premises except preparation and consumption of light meals or refreshments by the Tenant and/or the Tenant's employees or guests . Flat Roof(s) and Window(s) 5.23 (a) Unless otherwise agreed upon or permitted under this Agreement not to add any furnishing or decoration to (if any) air - conditioner canopy(ies), flat roof(s) and window(s) of the said premises . For the better observance of this Clause the Landlord reserves the right to order the removal of any item of the Tenant's decoration, fixture, fitting, furnishing or finishing in or on the said premises visible from outside the said building which shall be objectionable in the Landlord's opinion . (b) Not to throw or permit to be thrown or dropped any miicle, rubbish or other things from (if any) flat roof(s) or from any windows of the said premises and in particular not to permit the construction thereon or the extension or suspension therefrom of any object, apparatus or structure whatsoever and it is agreed that a persistent breach by the Tenant of the terms of this Clause shall amount to a breach of this Agreement justifying the Landlord exercising its rights of re - entry hereunder . SECTION VI EXCLUSIONS 6.1. The Landlord and its agents shall not in any circumstances be liable to the Tenant, occupier or any other person whomsoever: - Common Services and Facilities (a) In respect of any loss of life or loss, injury or damage to person or property or for any disruption or inconvenience caused to or sustained by the Tenant, occupier or any such other person caused by or through or in any way owing to any defect in or failure or breakdown or suspension of service of any of the common services and facilities for any reason whatsoever including negligent or wrongful acts or omissions by independent contractors ; or Electricity/ (b) In respect of any loss of life or loss, injury or damage to person or

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Gas/Water Supply - 28 - Fire and Overflow of Water, Vermin Non - enforcement property or for any disruption or inconvenience caused to or sustained by the Tenant, occupier or any such other person caused by or through or in any way owing to any failure, malfunction, explosion or suspension of the electricity or power or gas or water supply or other utility to the said building or the said premises for any reason whatsoever ; or (c) In respect of any loss of life or loss, injury or damage to person or property or for any disruption or inconvenience caused to or sustained by the Tenant, occupier or any such other person caused by or through or in any way owing to the escape or spread of fire, smoke or fumes or any other substance or thing or overflow or leakage of water or vibrations from anywhere within the said building or the influx of rain water or sea water into the said building or the said premises or typhoon, landslide, subsidence of the ground or the flooding or the activity of termites, roaches, mice, rats or other pests or ve 1 min in the said building or the act neglect default or omission of the tenants and occupiers of neighbouring premises or the defective or damaged condition of the said premises or the said building or the furnishings, fixtures and fittings therein or the dropping or falling of any article whatsoever from neighbouring premises ; or (d) In respect of any loss or damage howsoever caused by or through any non - enforcement of the provisions of the Deed in respect of the said building and such general rules, car park rules and club rules as may from time to time be made in accordance with the provisions of the Deed or non - observance thereof by any third party ; or Security (e) For the security or safekeeping of the said premises or the said building or any persons or contents therein and in particular but without prejudice to the generality of the foregoing the provision by the Landlord and/or its agents of any watchman and caretaker or any mechanical or electrical alarm systems (if any) of whatever nature shall not create any obligation on the part of the Landlord as to the security of the said premises or any contents therein and the responsibility for the same shall at all times rest with the

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Tenant; or - 29 - Vehicles (f) For the security or supervision of or for any damage to or loss of vehicles or accessories or injury to persons or any damage resulting therefrom . And the Tenant shall indemnify and keep the Landlord fully indemnified against all claims and demands whatsoever made upon the Landlord by any servant agent employee contractor or licensee of the Tenant or any other person claiming through or under the Tenant as a result of any such loss or injmy or damage aforesaid nor shall the rent and other charges hereinbefore mentioned or any part thereof abate or cease to be payable on account of the happening of any of the foregoing . Exemptions Extend to Landlord's Agent and Manager 6 . 2 The Tenant hereby acknowledges that the exemptions contained in this Section also extend to the Landlord's agent(s) and the manager of the said building ; or No Duty for Landlord to Insure Abatement 6 . 3 Nothing in this Section shall be construed as imposing on the Landlord or the manager of the said building any duty to insure against any of the above liabilities . SECTION VII ABATEMENT OF RENT 7. If the said premises or the said building or any part thereof shall at any time during the said term be destroyed or damaged or become inaccessible owing to fire, water, storm, typhoon, defective construction, white ants, earthquake, subsidence of the ground, act of God, force majeure or any calamity or cause beyond the control of the Landlord or the Tenant and not attributable directly or indirectly to any act or default or neglect or omission of the Tenant his servants agents employees contractors or licensees so as to be rendered unfit for use and occupation or inaccessible and the policy or policies of insurance for such risk effected by the Landlord shall not have been vitiated or payment of the policy moneys refused in whole or in part in

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consequence of any act or default or neglect or omission of the Tenant or if at any time during the continuance of this Agreement the said premises or the said building shall be condemned as a dangerous structure or a demolition order or closing order shall become operative in respect of the said premises or the said building the happening of which is not attributable directly or indirectly to any act or default or neglect or omission of the Tenant his servants agents employees contractors or licensees then the rent hereby reserved or a fair proportion thereof according to the nature and extent of the damage sustained or order made shall after the expiration of the then current calendar month be suspended until the said premises or the said building shall have been reinstated or again be rendered accessible and fit for use and occupation PROVIDED THAT the Landlord shall be under no obligation to repair or reinstate the said premises or the said building if in its opinion it is not reasonably economical or practicable so to do and PROVIDED FURTHER THAT m circumstances when the whole or substantially the whole of the said premises has been rendered inaccessible or unfit for use and occupation and should the said premises not have been reinstated or rendered accessible in the meantime either the Landlord or the Tenant may at any time after three (3) months from the occurrence of such damage or destruction or order give to the other of them notice in writing to determine this Agreement and thereupon the same and everything herein contained shall cease and be void as from the date of the occun - ence of such damage or destruction or order or of the said premises becoming inaccessible or unfit for use and occupation but without prejudice to the rights and remedies of either paiiy against the other in respect of any antecedent claim or breach of the agreements, stipulations, terms and conditions herein contained or of the Landlord in respect of the rent or other charges payable hereunder prior to the occurrence of such damage or destruction or order . SECTION VIII DEFAULT 8. It is hereby further expressly agreed and declared as follows: - - 30 - Default 8.1 If the rent and/or other charges payable hereunder or any paii thereof

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shall be unpaid for fifteen (15) days after the same shall have become payable (whether legally or formally demanded or not) or if the Tenant shall fail or neglect to observe or perform any of the agreements, stipulations or conditions herein contained and on the Tenant's part to be observed and perfo 1 med or if the Tenant shall stop or suspend payment of its debts or be unable to or admit inability to pay its debts as they fall due or enter into any scheme of atTangement with its creditors or have an encumbrancer take possession of any of its assets or in circumstances in which the Landlord shall have reasonable grounds to believe that the ability of the Tenant to pay the rent and other charges hereby reserved and to observe and perform its obligations under this Agreement shall have been prejudiced or put at risk or have a receiving order made against it or in such circumstances as aforesaid fail to satisfy any judgment that may be given in any action against it after final appeal or if the Tenant shall become bankrupt or being a corporation shall go into liquidation or if any petition shall be filed for the winding up of the Tenant or if the Tenant shall otherwise become insolvent or make any composition or arrangement with creditors or shall suffer any execution to be levied on the said premises or otherwise on the Tenant's goods or the Tenant continues to cause unnecessary annoyance inconvenience or disturbance to the Landlord after warning in writing has been served by the Landlord on the Tenant then and in any such case it shall be lawful for the Landlord at any time thereafter to re - enter on and upon the said premises or any paii thereof in the name of the whole whereupon this Agreement shall absolutely cease and determine but without prejudice to any right of action by the Landlord in respect of any outstanding breach or non - observance or non - performance by the Tenant of any of the agreements, stipulations and conditions herein contained and on the Tenant's paii to be observed and performed and to the Landlord's right to deduct all loss and damage thereby incurred from the deposit paid by the Tenant in accordance with Section IX hereof and without prejudice to the generality of the foregoing the Landlord shall also be entitled to forbid such defaulting Tenant and its agents employees servants licensees and visitors from using the services and amenities of the said premises and/or the said building until such default or breach has been rectified and the Landlord and/or the manager of the said building shall not incur any liability to the - 31 -

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- 32 - Tenant for any loss or damage suffered by the Tenant as a result thereof provided always that the rights and remedies given to the Landlord hereunder shall be deemed cumulative remedies and shall not prejudice any right of action or any remedy of the Landlord for the recove 1 y of any rent and/or other moneys due to the Landlord from the Tenant . Exercise of Rights Acceptance of Rent 8 . 2 A written notice served by the Landlord on the Tenant in manner hereinafter mentioned to the effect that the Landlord thereby exercises the power of determination and/or re - ent 1 y herein contained shall be a full and sufficient exercise of such power without physical ent 1 y on the part of the Landlord notwithstanding any statutmy or common law provision to the contra 1 y . All costs and expenses incurred by the Landlord in demanding payment of the rent and other charges payable hereunder (if the Landlord elects to demand) and in exercising its rights and/or remedies or in attempting to do so shall be paid by the Tenant and shall be recoverable from the Tenant as a debt . 8 . 3 Acceptance by the Landlord of rent and/or interest and/or other charges payable by the Tenant hereunder shall not be deemed to operate as a waiver by the Landlord of any right to proceed against the Tenant in respect of any breach, non - observance or non - performance by the Tenant of any of the agreements, stipulations, terms and conditions herein contained and on the Tenant's part to be observed and performed notwithstanding any rule of law or equity to the contra 1 y . Acts of Contractors, Guests, Servants, Agents, Licensees and Visitors 8 . 4 For the purpose of this Agreement, any act, default, neglect or omission of any servant, agent, family member, guest, visitor, employee, contractor or licensee (as hereinbefore defined) of the Tenant or occupier of the said premises shall be deemed to be the act, default, neglect or omission of the Tenant . Distraint 8 . 5 For the purposes of distress for rent in terms of Part III of the Landlord and Tenant (Consolidation) Ordinance (Cap . 7) or any statutory modification or re - enactment thereof for the time being in force and of this Agreement the rent payable in respect of the said premises shall be and be deemed to be in arrears if not paid in advance at the times

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- 33 - and in the manner hereinbefore provided for payment thereof. SECTION IX DEPOSIT Deposit 9.1 The Tenant shall on the signing hereof and before it shall be entitled to possession of the said premises at the commencement of the said term and at such other times (if any) during the said term deposit and maintain with the Landlord the sum or sums specified in Part VII of the First Schedule hereto (hereinafter refen - ed to as "the said deposit") to secure the due observance and performance by the Tenant of the agreements, stipulations, terms and conditions herein contained and on the Tenant's part to be observed and performed . The said deposit shall be retained by the Landlord throughout the said term and the currency of this Agreement free of any interest to the Tenant with the right for the Landlord (without prejudice to any other rights or remedy hereunder) to deduct therefrom the amount of any rent and other charges payable hereunder and any costs expenses loss or damage sustained by the Landlord as a result of any non - observance or non performance by the Tenant of any of the said agreement, stipulations obligations or conditions, in which event the Tenant shall as a condition precedent to the continuation of the said term hereby created forthwith on demand by the Landlord deposit with the Landlord the amount so deducted and if the Tenant shall fail so to do the Landlord shall forthwith be entitled to re - enter on the said premises or any part thereof in the name of the whole and to determine this Agreement but without prejudice to any right of action by the Landlord in respect of any aforementioned outstanding breach or non - observance or non performance by the Tenant . Increase of Deposit 9 . 2 Should increase in rent during the said term be provided for herein or should the Tenant's share of the service and management charges payable by the Tenant hereunder be increased, the Tenant shall upon such increase becoming applicable pay to the Landlord by way of an increase in the said deposit a sum propotiional to the said increase in rent and/or service and management charges in order to restore the ratio of the said deposit to the rent plus the Tenant's share of the service and management charges to that previously subsisting and the

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payment of such increase shall be a condition precedent to the continuation of this Agreement. - 34 - Repayment of Deposit 9 . 3 Subject as aforesaid a sum equivalent to the amount of the said deposit shall be refunded to the Tenant by the Landlord without interest within forty - five (45) days after the expiration of this Agreement and the delive 1 y of vacant possession of the said premises to the Landlord and after the settlement of the last outstanding claim by the Landlord against the Tenant in respect of any arrears of rent and other charges payable by the Tenant hereunder and any breach, non - observance or non - perfo 1 mance of any of the agreements, stipulations, terms and conditions herein contained and on the part of the Tenant to be observed and performed whichever shall be the later . For the avoidance of doubt, the parties hereto declare and acknowledge that the said deposit is not paid over and held hereunder as a trust property and/or upon any trust, express or implied, that the said deposit needs not be segregated from other monies of the Landlord . Deposit Not Rent 9.4 In no event shall the Tenant be entitled to treat payment of the said deposit as payment of the rent and other charges hereby reserved. Transfer of Deposit 9 . 5 The Tenant hereby expressly agrees, consents and authorises the Landlord to transfer the said deposit paid under this Agreement to the new owner(s) or the purchaser(s) (as the case may be) of the said premises in the event of the Landlord assigning or selling the said premises to new owner(s) or purchaser(s) at any time during the continuance of this Agreement subject to and with the benefit of this Agreement, and the Landlord shall procure the new owner(s) or the purchaser(s) (as the case may be) to undertake in favour of the Tenant to refund the said deposit to the Tenant in accordance with the terms and conditions of this Agreement whereupon the Landlord's obligation to refund the said deposit herein contained shall be determined and discharged . Further but without prejudice to the generality of the aforesaid, the Tenant shall within seven (7) days upon request being made by the Landlord and at the costs and expense of the Landlord (if both parties shall retain the same solicitors), or each party shall pay its own solicitors costs and expense (if separately represented), enter into an agreement or memorandum with the Landlord and/or the new

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- 35 - owner(s) or the purchaser(s) (as the case may be) to effectuate the purpose as aforesaid. SECTIONX INTERPRETATION AND MISCELLANEOUS Condonation Not a Waiver 10 . 1 No condoning, excusing, g 1 vmg of time or overlooking by the Landlord of any default, breach or non - observance or non performance by the Tenant at any time or times of any of the Tenant's agreements, stipulations, te 1 ms, conditions and obligations herein contained shall operate as a waiver of the Landlord's rights hereunder in respect of any continuing or subsequent default, breach or non observance or non - performance or so as to defeat or affect in any way the rights and remedies of the Landlord hereunder in respect of any such continuing or subsequent default or breach and no waiver by the Landlord shall be inferred from or implied by anything done or omitted by the Landlord unless expressed in writing and signed by the Landlord . Any consent given by the Landlord shall operate as a consent only for the particular matter to which it relates and in no way shall be considered as a waiver or release of any of the provisions hereof nor shall it be construed as dispensing with the necessity of obtaining the specific written consent of the Landlord in the future in respect of similar or other matters unless expressly so provided . Definition of Common Areas and Common Services and Facilities 10.2 (a) The common areas referred to in this Agreement shall mean the following: - (i) Such parts of the said building as may be designated under the Deed (if any) in respect of the said building as common areas for use in common by the co - owners for the time being of the said building ; and (ii) Such other parts of the said building as may from time to time and at any time be so designated by the Landlord and/or the manager of the said building ; (b) The common services and facilities refe1Ted to in this Agreement shall mean the following: -

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- 36 - (i) Such services and facilities as may be designated under the Deed in respect of the said building as common services and facilities for the use in common by or benefit of the co owners for the time being of the said building ; and (ii) Such other services and facilities within the said building as may from time to time and at any time be so designated by the Landlord and/or the manager of the said building ; Provided always that the Landlord and/or the manager of the said building shall also have the full and unrestricted right and power from time to time and at any time without the same constituting an actual or constructive eviction of the Tenant and without incurring any liability to the Tenant therefor to designate redesignate reallocate and/or paiiition such part or parts of the common areas and/or the common services and facilities and (if any) the recreational areas and facilities on the said building for the use of any person or persons and at such charges (if any) as the Landlord and/or the manager of the said building may see fit and to erect install restrict and/or alter the arrangement and/or the location and/or the accessibility of the same (such as entrances passageways doors doorways corridors landings staircases lobbies lifts escalators toilets) and the Tenant shall not raise any objection thereto and shall not have any recourse or remedy in any manner whatsoever . Name of Development 10 . 3 The Landlord reserves the right to name or to change or to consent to the change of the name of the said building with or to any such name or style as it may determine and at any time and from time to time to change, alter, substitute or abandon any such name or style in its absolute discretion and without compensation to the Tenant and without the same constituting an actual or constructive eviction of the Tenant and without the Landlord incurring any liability to the Tenant therefor whether for any loss, injury, damage, annoyance or inconvenience which the Tenant may suffer as a consequence of any change of name of the said building . The Landlord shall however give the Tenant, the Post Office and other relevant Government Authority(ies) reasonable notice of its intention to do as aforesaid or

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(as the case may be) of the aforesaid naming or change of name. - 37 - Introduction of Rules and Regulations Service of Notices No Fine Exclusion of Warranties 10 . 4 The Landlord or its agents and/or the manager of the said building shall be entitled from time to time and by notice in writing to the Tenant to make adopt introduce and subsequently modify amend add delete or abolish such house rules and regulations as they may consider proper or necessary for the management and maintenance of the said premises and/or the said building . For the avoidance of doubt, and notwithstanding anything contained and provided in this Agreement the house rules and regulations in force from time to time shall, in case of conflict, prevail the provisions in this Agreement including the initial House Rules and Regulations set out in the Third Schedule hereto . 10 . 5 Save as herein otherwise agreed and stipulated, any notice required to be served hereunder shall if to be served on the Tenant be sufficiently served if addressed to the Tenant and sent by prepaid post to or delivered at the said premises or the Tenant's last known place of business or registered office or residence in Hong Kong and if to be served on the Landlord shall be sufficiently served if addressed to the Landlord and sent by prepaid post to or delivered at the address given in Part I of the Schedule hereto or any other address which the Landlord may notify to the Tenant from time to time . A notice sent by prepaid post shall be deemed to be given at the time and date of posting . 10 . 6 The Tenant expressly declares and acknowledges that no fine, premium, key money, construction money or other consideration has been paid by the Tenant or the Landlord for the grant of this Agreement . 10 . 7 This Agreement sets out the full agreement reached between the parties and no other representations have been made or waITanties given relating to the Landlord or the Tenant or the said building or the said premises and if any such representation or warranty has been made, given or implied the same is hereby waived . The Tenant hereby declares and confirms that it has duly inspected the said premises and is fully satisfied with the current state and condition of

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the said premises and the furnishings (if any) and finishes therein . The parties hereto agree that the said premises will be let to the Tenant by the Landlord in the state and condition as at the date of the signing of this Agreement and no warranty or representation whatsoever has been given or is made by the Landlord or its agents regarding the said premises and in particular but without prejudice to the generality of the foregoing, no warranty or representation is made by the Landlord or its agents regarding the state and condition of the said premises or the said building or the furnishings (if any) or the installations and appliances therein or the user thereof . - 38 - Special Conditions Joint and Several Liability Genders and Plurals 10 . 8 The parties hereto hereby agree that they shall respectively be bound by and entitled to the benefit of the Special Conditions (if any) contained in the Second Schedule hereto as if the same form an integral pati of this Agreement, and in the event of conflict between any of the Special Conditions and any of the provisions in the main body of this Agreement the former shall prevail . 10 . 9 Where more than one person is named as the Tenant in Part II of the First Schedule hereto all such persons shall sign this Agreement and shall be jointly and severally liable for the performance and observance of the terms, conditions and agreements contained herein and on the part of the Tenant to be performed and observed . 10 . 10 In this Agreement unless the context otherwise requires words herein impmiing the masculine gender shall include the feminine and neuter genders and vice versa and words herein in the singular shall include the plural and vice versa and references to persons include bodies corporate and unincorporate and the term "the Landlord'' shall include its agents . Marginal Notes, Headings and Index 10 . 11 The marginal notes, headings and index are intended for guidance only and do not form part of this Agreement nor shall any of the provisions of this Agreement be construed or interpreted by reference thereto or in any way affected or limited thereby . Stamp Duty and Costs 10.12 (a) This Agreement is drafted and prepared by the Landlord, and the Tenant hereby acknowledges that it has all along been fully aware

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of its right to take independent advice on this Agreement, its content, meanings and effect, its completion and signing and that prior to the signing hereof at least a copy of this Agreement in its draft form has been sent to it for comment and/or agreement that the Tenant has thoroughly understood the content of this Agreement and agrees to be bound hereby at its own free will by the act of having this Agreement signed by it in case the Tenant is not legally represented hereon . (b) Should the Tenant choose to be legally represented on the matter relating to this Agreement, the Tenant shall bear and pay its own legal costs and such disbursement as may be charged by its solicitors hereof and incidental hereto, unless both the Landlord and Tenant are legally represented hereon by the same solicitors where the legal costs and disbursements of and incidental to the preparation, completion and signing of this Agreement shall be borne by the parties hereto in equal shares . (c) Should the pmiies hereto be legally represented separately each pmiy shall bear and pay its own legal costs and such disbursements as may be charged by its own solicitors hereof and incidental hereto . (d) Notwithstanding and without affecting and limiting the generality of the provisions of sub - clauses (a), (b) and (c) hereinabove, the stamp duty and (if any) registration fee and other disbursements of the Landlord in connection with this Agreement and its counterpmi shall be borne by the pmiies hereto in equal shares . Unless otherwise agreed the stamping and (if applicable) registration of this Agreement and its counterpart shall be done by or through the Landlord that upon demand by the Landlord, the Tenant shall forthwith pay to the Landlord the Tenant's share of the stamp duty and registration fee aforesaid . - 39 - Each Provision Independent and Severable 10 . 13 Each and every part of the clause sub - clause term condition stipulation or provision in this Agreement, save and except otherwise specified, shall be construed as an independent and severable pati of the clause, sub - clause term condition stipulation or provision in this Agreement .

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In the event that any part of the clause, sub - clause term condition stipulation or provision is found to be illegal invalid or unenforceable such part of the clause, sub - clause term condition stipulation or provision shall be deemed to have been severed from this Agreement and shall not affect the validity and enforceability of the other part of the clause, sub - clause, term condition stipulation or provision and the other clauses, sub - clauses terms conditions stipulations or provisions of this Agreement . Early Termination 10.14 If the Landlord shall resolve to sell or redevelop or demolish or re - - 40 - on Redevelopment Etc. build or refurbish or renovate the said premises or the said building or any part(s) thereof (which intention shall be sufficiently and conclusively evidenced by a copy of the Resolution of its Board of Directors and, in case of the sale as aforesaid, of the sale contract ce 1 iified by its Secretary or one of its Directors or a solicitor to be true and correct copy) then in any of such events the Landlord shall be entitled to give not less than six (6) months' notice in writing to be given and to expire on any day of any calendar month to terminate this Agreement and immediately upon the expiration of such notice this Agreement shall notwithstanding any provisions to the contra 1 y in this Agreement be terminated and the Tenant's right to occupy and remain in the said premises shall cease notwithstanding any rule of law or equity or any prior agreement(s) and the Tenant shall forthwith deliver up vacant possession of the said premises to the Landlord without any claim, costs or compensation whatsoever but without prejudice to the rights and remedies of the Landlord against the Tenant in respect of any antecedent claim or breach of any of the covenants restrictions stipulations or conditions herein contained . "Redevelopment" and/or "demolition" for the purposes of this Clause shall mean the redevelopment and/or demolition of the said building wholly or a substantial paii(s) (but not necessarily a major part) thereof whether or not including any main walls exterior walls or roof of the said premises and whether or not any part thereof is to be re - built or redeveloped or reconstructed in the same or any other manner, and "refurbishment" and/or "renovation" for the purposes of this Clause may or may not include redevelopment or demolition or rebuilding of the said building or any part thereof .

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Time - 41 - 10.15 The parties hereto agree that time shall in all respect be of the essence of this Agreement. Governing Law 10 . 16 This Agreement shall be governed by and construed in accordance with the laws of the HKSAR and the parties hereto shall submit to the non - exclusive jurisdiction of the courts of the HKSAR . Rights of Third Party 10.17 (a) Save as provided in sub - clause (b) below, the Landlord and the Tenant do not intend any term of this Agreement to be enforceable pursuant to the Contracts (Rights of Third Parties) Ordinance (Cap . 623) (the "Rights of Third Parties Ordinance") . (b) Subject to the provisions contained in this Clause, each of the following third parties (each being a "Designated Third Pmiy") shall have the benefit of and may enforce this Agreement pursuant to the Rights of Third Parties Ordinance : - (i) the manager of the said building; and (ii) the Landlord's successor(s) in title and assign(s). (c) This Agreement may be varied from time to time or (where such right of rescission exists) rescinded without the consent of any Designated Third Pmiy or any other person who is not a party to this Agreement and section 6 (1) of the Rights of Third Parties Ordinance shall not apply to this Agreement . IN WITNESS whereof this Tenancy Agreement has been duly signed by the parties hereto the day and year first above written.

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- 42 - THE FIRST SCHEDULE PARTI THE LANDLORD MARKET CENTURY GLOBAL LIMITED, a company incorporated in British Virgin Islands with limited liability, whose principal place of business in Hong Kong is situated at 45 th Floor, Sun Hung Kai Centre, 30 Harbour Road, Hong Kong . PART II THE TENANT ASN ZONE ONE LIMITED f " �� frm - �::pf �&0 - P], whose registered office is situated at Ground Floor, 6A San Shing Avenue, Sheung Shui, New Territories, Hong Kong. PART III THE SAID PREMISES ROOM NO. 1901 on the 19 th FLOOR of "THE WORLD TRADE CENTRE" at No.280 Gloucester Road, Causeway Bay, Hong Kong ("the said building") erected on THE REMAINING PORTION OF SECTION G AND THE EXTENSION THERETO OF MARINE LOT NO . 52 AND THE EXTENSION THERETO ("the said Lot") as for identification purpose only shown on the plan attached hereto and thereon coloured Pink . PART IV TERM OF TENANCY For the term of THREE (3) years commencing on the 15 th day of August 2024 and expiring on the 14 th day of August 2027 (both days inclusive).

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PARTY PARTICULARS OF RENT The monthly rental for the said premises for the said term shall be HONG KONG DOLLARS ONE HUNDRED FORTY SEVEN THOUSAND TWO HUNDRED AND FORTY (HK $147 , 240 . 00) ONLY (exclusive of service and management charges and rates, which are payable by the Tenant) . PART VI SERVICE AND MANAGEMENT CHARGES The monthly service and management charges (inclusive of provision of standard hours air conditioning supply) at the commencement of the said term shall be HK $24 , 212 . 80 , which shall be subject to revision during the said term . PART VII THE SAID DEPOSIT - 43 - RENTAL DEPOSIT SERVICE AND MANAGEMENT CHARGES DEPOSIT (Being 4 months' rental and 4 months' service and management charges) HK$588,960.00 HK$96,851.20 HK$685,811.20 PART VIII AIR - CONDITIONING OPERATING HOURS 8 : 00 a . m . to 7 : 00 p . m . on Mondays to Fridays and 8 : 00 a . m . to 1 : 00 p . m . on Saturdays but no air - conditioning shall be supplied on Sundays and Public Holidays Provided that the Landlord shall neither be liable to pay compensation to the Tenant in respect of any period during which due to circumstances beyond the control of the Landlord the proper operation of the air - conditioning plant shall be interrupted as a result of mechanical failure or need for repair or overhaul nor shall the Landlord be liable thereby to grant any abatement of rent in respect of such intenuption . The Landlord and/or the manager of the said building also reserve the right to vary the said hours from time to time as the Tenant may be notified of in writing .

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- 44 - THE SECOND SCHEDULE SPECIAL CONDITIONS 1. The Special Conditions and the Standard Requirements and Provisions and the Landlord's M & E Provisions as contained in the Confirmation of Tenancy preceding hereto shall, in so far as the same is/are still applicable, take effect and bind the patiies hereto as if the said Conditions and Provisions were repeated herein forming an integral pati of this Agreement . 2. The Tenant shall take the said premises in a "bare - shell" state and condition but with the following standard Landlord's provisions ("the said provisions") : - - Glass entrance door(s); - Suspended ceiling system with standardized layout of diffuser(s); - Fluorescent tubes and trough fittings (but excluding wiring); - Sprinkler head(s); and - VAY unit(s). The Tenant shall at its own costs and expenses remove all fittings, fixtures and furniture within the said premises (save and except the Landlord's fixtures and fittings) and reinstate the said premises to a "bare - shell" state and condition acceptable to the Landlord and reinstate the ceiling system(s) of the said premises including fire sprinkler system and central air - conditioning system on the Landlord's standard open plan or to such state, layout and condition as the Landlord may then instruct the Tenant and deliver to the Landlord vacant possession of the said premises reinstated as abovesaid together with the said provisions in good and tenantable condition and repair to the satisfaction of the Landlord upon expiration or sooner determination of this tenancy . 3. The Tenant acknowledges that the Landlord shall have the right to carry out renovation and/or alteration and/or addition works within, outside and/or above the said building which may result in the making of noise and vibration and emission of dust and other substances and other forms of disturbance and that fitting out works will be catTied out by the Landlord and/or other tenants (including but not limited to alteration works and mechanical and electrical works) which may cause inconvenience to the Tenant and the Tenant hereby agrees that it shall not make any complaint and shall not be entitled to any abatement of rent or any claims/compensation of whatever nature against the Landlord or its agent(s) or the manager of the said building in relation to the said works .

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4. The Tenant shall at its own costs use the contractor(s) approved by the Landlord in respect of any mechanical and electrical works relating to the said premises . 5. The Landlord and/or the manager of the said building shall have the absolute right at all times to designate or re - designate any toilets, lights or common facilities location on any level(s) of the said building to be used by any particular tenant(s) or occupier(s) . 6. Notwithstanding anything herein contained, the Tenant shall be entitled to a rent - free period from 15 th August 2024 to 14 th October 2024 (both days inclusive) (but for the avoidance of doubt, the Tenant shall pay all other charges payable hereunder by the Tenant during the said rent - free period) . 7. The Tenant is fully aware that the Landlord shall at its own costs and expense construct the inter - tenancy wall between the said premises and Room No . 1902 of the said building ("the adjacent unit") (as outlined in Green on the floor plan attached hereto) ("the Works") . In the event that the Works cannot be completed on or prior to the commencement of the said term hereunder, notwithstanding that vacant possession of the said premises will have been delivered to the Tenant and the tenancy hereunder will have commenced, the Tenant agrees to pennit and cause to be permitted the Landlord and/or its agent and/or the manager of the said building and the workmen of the contractors appointed for the Works (collectively called hereinafter "the said persons") (with material used and tools) to enter into and remain upon and egress from the said premises for the sole purpose of carrying out and completing the Works during the business hours of the Tenant or such alternative hours as the Landlord shall deem fit, and to give and cause to be given to the said persons all possible co - operation and convenience as may be reasonably required to complete the Works smoothly . The Tenant further agrees that : - (a) nothing said in this Condition shall prejudice and affect the Tenant's duty in respect of the fitting - out of the said premises ; (b) the Tenant shall not make any claim against the said persons or any of them for any compensation whatsoever or rent rebate (or reduction) as arising from or in connection with the Works ; and (c) the Tenant shall be solely responsible for the security and safe keeping of the said premises and (if any) the contents thereof during the duration of the Works, and - 45 -

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shall not make any claim whatsoever against the Landlord and/or its agent and/or the manager of the said building and/or the said persons or any of them for the loss, theft or damages of and to any of the contents of and in the said premises . 8. Subject to the Tenant's due compliance, performance and observance of the covenants, terms and conditions of this Agreement and subject to the Landlord's approval (which shall not be unreasonably withheld), the Tenant shall have right to share the use possession and occupation of the said premises with Messis Global Limited and Addweup Limited (hereinafter called "the Permitted Licensees") Provided That the Pe 1 mitted Licensees shall enter into with the Tenant and the Landlord a Deed of Guarantee and Indemnity in the form as prescribed by the Landlord and at the costs and expenses of the Tenant and/or the Pe 1 mitted Licensees . 9. The Tenant undertakes not to, and shall cause its authorized agents and representatives not to, (a) disclose the existence or any terms and conditions of this Agreement to any third party without the prior written consent of the Landlord, which may be given or withheld at the Landlord's absolute discretion and (b) submit this Agreement to any Government authority or registry (including the Land Registry and Companies Registry) for filing or registration purpose . - 46 -

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THE THIRD SCHEDULE RULES AND REGULATIONS 1. All blinds and/or cmiains used within the said premises shall conform externally to a standard colour and design and such blinds and/or curtains shall be approved by the Landlord so as to preserve a uniform external appearance . 2. Plumbing fixtures shall be used only for the purposes for which they were constructed . No sweepings rubbish rags or other alien substances shall be deposited therein . All costs for making good damage resulting from any misuse of the plumbing fixtures shall be borne by the Tenant . 3. No Tenant shall drill into or in any way deface any part of the said premises or the said building . No drilling shall be permitted save with prior written approval of the Landlord and as the Landlord may direct . 4. Save with prior written consent of the Landlord, which consent will not normally be granted, no flagpoles or aerials shall be erected, and no flags shall be flown from windows or elsewhere in or upon the said building . 5. Each Tenant must upon the termination of his tenancy restore to the Landlord all keys of offices and toilet rooms used by such Tenant . 6. All removals or the carrying in or out of furniture or bulky matter of any description must take place after office hours and during the hours which the Landlord or his agent may determine from time to time . The Landlord reserves the right to exclude goods from the said building which violate any of these Rules and Regulations or the Agreement of which these Rules and Regulations are a part . 7. No Tenant nor any of the Tenant's servants employees agents visitors or licensees shall bring into any passenger lift in the said building any goods effects chattels luggage bulky parcels food trays tiffin caiTiers or other space - occupying items and the Tenant shall ensure that such items are restricted to the designated lift . 8. No Tenant shall do or permit to be done in the said premises or any part thereof any act which shall or might subject the Landlord to any liability or responsibility for injury to - 47 -

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any person or to property. 9. Windows shall remain closed locked save in emergency such as fire or breakdown of the air - conditioning system and the reasonable extent necessary to enable the Tenant to clean the same . 10. Canvassing and peddling in the said building is prohibited and each Tenant shall co operate to prevent the same . 11. Save with the prior written consent of the Landlord, which consent will not normally be granted, no cooking nor preparation of food shall be permitted by any Tenant in the said premises . 12. No Tenant shall cause or permit any noise which is or may be a nuisance or annoyance to the occupants of other portions of the said building . 13. The Tenant shall not install in the said premises any partitioning other than that supplied or approved by the Landlord . 14. No animals or pets to be kept in the said premises. 15. No Tenant shall allow its fitting out contractors to carry out any drilling or other works which may create excessive noise from the said premises during normal office hours such noisy work should only be carried out after office hours with the permission of the management agent . 16. No Tenant shall permit any unusual or objectionable odours or smell which may cause irritation to people in the said building to be produced upon or permeated from the said premises either as a result of cooking or decoration work within the said premises . 17. No clothing or laundry shall be hung outside any part of the said premises or the said building . 18. No Tenant shall have the right to enter into, alter, repair, connect to or in any other way interfere with or affect the working of the lifts, machine room, public lighting, transformer rooms, pump rooms, pumps, apparatus or any other such services or facilities within the said building . - 48 -

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19. No Tenant shall do or permit or suffer to be done and each Tenant will take all possible steps to prevent his servants, agents, contractors licensees from doing any act, deed, matter or thing which is in any way interferes with or affects or which is likely to interfere with or affect the construction of any part of the said building at any time in the course of construction or the maintenance of the said building by the Landlord or the manager of the said building . 20. No Tenant shall make any alteration to the sprinkler system (if any) or any other fire fighting equipment or suffer to be done anything to such sprinkler system or fire fighting equipment which would constitute a breach of the laws, by - laws or regulation of the Fire Service Depatiment or other depatiment concerned . - 49 -

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SIGNED by - 50 - Lo K ing Wai the authorized person of Sun Hung Kai Real Estate (Sales and Leasing) Agency Limited, Agent for the Landlord, whose signature(s) is/are verified by : - Ip Shu Chun yce Solicitor, Hong K g SAR Sun Hung Kai Propert1 s Li m i te d SIGNED by /p '(;II \ /c wo �(being the person(s) duly authorized and approved by the Board of Directors of the Tenant) for and on behalf of the Tenant in the presence of: - ��\ A.. kw(. �.))) For a nd o n behalf of) SUN HUNG KAI RF.ALESTA1I (SALES AND!f.ASING) AGENCY UMllED) ,tr, - ��,.,.l < • t .a. ta I) ft ll;t l'a. ��))))))))) For and o)))))) ASN • tt" - of One Limited E � Rli}irJ WITNESS NAME

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RoomNo.1901 Room No. 1902 N 0 A/C PLANT ROOM 19/F THE WORLD TRADE CENTRE (NOT rn SCALE) FOR IDENTIFICATION ONLY

## Ex-21

**Exhibit 21**

Subsidiaries

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Background** | **Background** | **Ownership** |
| Aisling Network Group Limited | ● | British Virgin Islands ("BVI") company | 100% owned |
| ("ANGL") | ● | Incorporated on June 23, 2025 | by the Company |
|  | ● | Issued and outstanding 50,000 ordinary shares at US$1 par value |  |
|  | ● | Investment holding |  |
| ASN Zone One Limited ("ASN") | ● | Hong Kong company | 100% owned by the |
|  | ● | Incorporated on August 11, 2014 | ANGL |
|  | ● | Issued and outstanding 10,000 ordinary shares for HK$10,000 |  |
|  | ● | Provision of trading LED carriage boxes and components |  |

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