# EDGAR Filing Document

**Accession Number:** 0002033750
**File Stem:** 0001640334-25-001754
**Filing Date:** 2025-9
**Character Count:** 83752
**Document Hash:** 74fd669027bb54c3e6117ca29b84e5aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001640334-25-001754.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001640334-25-001754

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 53

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AEN Group Ltd.
- **CENTRAL INDEX KEY:** 0002033750
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-NONSTORE RETAILERS [5960]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 612153082
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-284102
- **FILM NUMBER:** 251359361

**BUSINESS ADDRESS:**
- **STREET 1:** 223, 4525 31 STREET SW
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T3E2P8
- **BUSINESS PHONE:** (825)994-3511

**MAIL ADDRESS:**
- **STREET 1:** 223, 4525 31 STREET SW
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T3E2P8

?xml version='1.0' encoding='ASCII'? aen_10k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

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

For the fiscal year ended **<u>June 30, 2025</u>**

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

For the transition period from ______________ to ______________

**Commission file number <u>333-284102</u>**

---

| |
|:---|
| **AEN GROUP LTD.**  |
| (Exact name of registrant as specified in its charter) |

---

**<u>Nevada</u>**

(State or other jurisdiction of incorporation or organization)

**<u>2614 35 Street SW, Calgary, AB, Canada T3E 2Y2</u>**

(Address of principal executive offices, including zip code.)

**<u>(852) –994 - 3511</u>**

(Telephone number, including area code)

**<u>N/A</u>**

(Former name, former address and former fiscal year, if changed since last report)

Securities registered under Section 12(b) of the Act:

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| | |
|:---|:---|
| **None** | **N/A** |
| Title of each class | Name of each exchange<br>on which registered |

---

Securities registered under Section 12(g) of the Act:

**<u>Common Stock, $0.0001 par value</u>**

(Title of class)

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| |
|:---|
| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act. Yes ☐ No ☒ |
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes ☐ No ☒ |
| Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days. Yes ☒ No ☐ |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☐ No ☒ |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐ |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" and "emerging grown company," in Rule 12b-2 of the Exchange Act. |

---

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer  | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
|  |  | Emerging Growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

The aggregate market value of Common Stock held by non-affiliates of the Registrant was approximately $79,773 on June 30, 2025, the last business day of the registrant's most recently completed fiscal year.

Indicate the number of shares outstanding of each of the registrant's classes of common stock as of the latest practicable date: 7,210,000 shares of Common Stock as of June 30, 2025

Document Incorporated by Reference: None

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| **[Part I](#p1)** | **[Part I](#p1)** | **[Part I](#p1)** |
| [Item 1](#i1) | [Business](#i1) | 3 |
| [Item 1A](#i1a) | [Risk Factors](#i1a) | 3 |
| [Item 1B](#i1b) | [Unresolved Staff Comments](#i1b) | 3 |
| [Item 2](#i2) | [Properties](#i2) | 3 |
| [Item 3](#i3) | [Legal Proceedings](#i3) | 3 |
| [Item 4](#i4) | [Mine Safety Disclosures](#i4) | 3 |
| **[Part II](#p2)** | **[Part II](#p2)** | **[Part II](#p2)** |
| [Item 5](#i5) | [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#i5) | 4 |
| [Item 6](#i6) | [Selected Financial Data](#i6) | 4 |
| [Item 7](#i7) | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#i7) | 4 |
| [Item 7A](#i7a) | [Quantitative and Qualitative Disclosures About Market Risk](#i7a) | 6 |
| [Item 8](#i8) | [Financial Statements and Supplementary Data](#i8) | 6 |
| [Item 9](#i9) | [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](#i9) | 8 |
| [Item 9A](#i9a) | [Controls and Procedures](#i9a) | 8 |
| [Item 9B](#i9b) | [Other Information](#i9b) | 9 |
| **[Part III](#p3)** | **[Part III](#p3)** | **[Part III](#p3)** |
| [Item 10](#i10) | [Directors, Executive Officers and Corporate Governance](#i10) | 10 |
| [Item 11](#i11) | [Executive Compensation](#i11) | 13 |
| [Item 12](#i12) | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#i12) | 15 |
| [Item 13](#i13) | [Certain Relationships and Related Transactions and Director Independence](#i13) | 15 |
| [Item 14](#i14) | [Principal Accountant Fees and Services](#i14) | 16 |
| [Item 15](#i15) | [Exhibits and Financial Statement Schedules](#i15) | 17 |

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| 2 |
| *[**Table of Contents**](#TOC)* |

---

**PART I**

**Forward Looking Statements.**

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", which may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to "common shares" refer to the common shares in our capital stock.

As used in this annual report, the terms "we", "us", "our" and the "Company", mean AEN Group Ltd. and our wholly owned subsidiary, AEN Trading Ltd.

**Item 1. Description of Business**

***General Information***

AEN Group Ltd. ("AEN Group") was incorporated on January 29, 2024, in the state of Nevada, USA. The AEN Group acquired 100% interest in AEN Trading Ltd. ("AEN Trading") on May 15, 2024, as its wholly owned subsidiary. AEN Trading, incorporated on June 10, 2022, in Alberta, Canada, is a start-up in the business of importing and exporting specialty products to and from Asia. AEN Trading aims to bridge the gap between Canadian and Asian markets by providing high demand, superior quality products.

Other than the acquisition of AEN Trading, we haven't undergone any material reclassification, merger, consolidation, purchase or sale of a significant amount of assets in the ordinary course of business, neither we have ever been a party to any bankruptcy, receivership or similar proceeding.

**Item 1A. Risk Factors**

As a "smaller reporting company", we are not required to provide the information required by this Item.

**Item 1B. Unresolved Staff Comments**

None.

**Item 2. Properties**

We do not own any real property. We are currently sharing office space with other parties.

**Item 3. Legal Proceedings**

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

**Item 4. Mine Safety Disclosures**

Not Applicable.

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

---

**PART II**

**Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities**

Our common stock is quoted on the OTC Markets (Pink). OTC Markets securities are not listed and traded on the floor of an organized national or regional stock exchange. Instead, OTC Market securities transactions are conducted through a telephone and computer network connecting dealers. OTC Market issuers are traditionally smaller companies that do not meet the financial and other listing requirements of a national or regional stock exchange.

Our transfer agent is Globex Transfer, LLC, located at 780 Deltona Blvd., Suite 202, Deltona, FL 32725.

**Holders**

As of June 30, 2025, there were 15 holders of record of our common stock, and 7,210,000 shares of our common stock were issued and outstanding.

**Dividends**

We have not declared or paid any cash dividends since inception. We intend to retain future earnings, if any, for use in the operation and expansion of our business and do not intend to pay any cash dividends in the foreseeable future. There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends.

**Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities**

We did not sell any equity securities which were not registered under the Securities Act during the year ended June 30, 2025, that were not otherwise disclosed on our quarterly reports on Form 10-Q or our current reports on Form 8-K filed during the year ended June 30, 2025.

**Equity Compensation Plans**

We do not have in effect any compensation plans under which our equity securities are authorized for issuance, and we do not have any outstanding stock options.

**Purchases of Equity Securities by the Company**

We have not repurchased any of our shares of common stock during the fiscal year ended June 30, 2024.

**Item 6. Selected Financial Data**

As a "smaller reporting company", we are not required to provide the information required by this Item.

**Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations**

The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended June 30, 2025, and June 30, 2024, that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include but are not limited to those discussed below and elsewhere in this annual report.

**Results of Operations**

***The Year Ended June 30, 2025 compared to the Year Ended June 30, 2024***

*Revenues and Sale Expenses:*

We generated $5,385 in revenues and incurred $4,099 in cost of sales for the year ended June 30, 2025 compared to $12,863 in revenues and $9,930 in cost of sales for the year ended June 30, 2024.

*Other Operating and General and Administrative Expenses:*

During the year ended June 30, 2025, we incurred $104,106 in selling, general and administration expenses compared to $2,916 in selling, general and administration expenses for the year ended June 30, 2024. General and administrative expenses primarily consist of legal, accounting, consulting and other professional services fees.

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

---

*Net Loss:*

Net loss was $104,106 for the year ended June 30, 2025 compared to a net loss of $171 for the year ended June 30, 2024.

*Cash Used in Operating Activities*

Net cash used in operating activities for the year ended June 30, 2025 was $79,988 compared to net cash used in operating activities of $2,290 for the year ended June 30, 2024.

*Cash Provided by Financing Activities*

Net cash provided by financing activities for the year ended June 30, 2025 was $59,218 consisting of advance and loan from related party of $59,218 compared to net cash provided by financing activities for the year ended June 30, 2024 of $27,481 consisted of repayment to related party of $3,700, issuance of common stock of $24,900 and cash acquired from assets acquisition of $6,301.

*Total Assets:* 

The Company's total assets were $6,436 as of June 30, 2025 compared to $31,670 as of June 30, 2024.

*Total Liabilities:* 

The Company's total liabilities were $88,206 as of June 30, 2025 compared to total liabilities of $9,271 as of June 30, 2024.

*Stockholders' (Deficit)/Equity:*

The Company's shareholders' deficit was $81,770 as of June 30, 2025 compared to a shareholder's equity of $22,399 as of June 30, 2024.

**Liquidity and Capital Resources**

Cash and cash equivalents were $6,337 as of June 30, 2025. Our total current assets were $6,436 and our total current liabilities were $88,206 as of June 30, 2025. At the end of the year ended June 30, 2024, cash and cash equivalents were $27,170, total current assets were $31,670, and total current liabilities were $9,271.

We had a working capital deficiency of $81,770 as of June 30, 2025 compared to working capital of $22,399 as of June 30, 2024.

We anticipate we will need additional financing to fund our business operations in the future and will primarily rely on equity sales of our common stock or advances and loans from related parties. We presently do not have any arrangements or commitments for additional financing in place. There is no assurance that we will achieve additional financing by either the sale of our equity securities or by debt financing. In addition, the issuance of additional shares will result in dilution to our existing stockholders.

**Off-Balance Sheet Arrangements**

As of June 30, 2025, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial conditions, changes in financial conditions, revenues or expenses, results of operations, liquidity capital expenditures, or capital resources that is material to investors.

**Contractual Obligations and Commitments**

As of June 30, 2025, we did not have any contractual obligations and commitments.

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

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**Plan of Operation for the next 12 months**

Our expenses for the twelve-month period beginning from July 1, 2025 are estimated to be approximately $60,000. With our working capital deficit of $81,770 as of June 30, 2025, we will need to raise additional capital to cover our expenses for the twelve-month period beginning from July 1, 2025.

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| | |
|:---|:---|
| Estimated Expenses for the Twelve-Month Period Beginning January 1, 2025 | Estimated Expenses for the Twelve-Month Period Beginning January 1, 2025 |
| Professional Fees | $40000 |
| Marketing and Business Development | 5000 |
| General & Administrative  | 15000 |
| Total  | $60000 |

---

We will continue to rely on equity sales of our common shares and funding from directors and shareholders in order to continue to fund our business operations. Issuance of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

**Going Concern**

We incurred a cumulative net loss of $105,585 during the period from inception to June 30, 2025. We have limited operations, raising substantial doubt about our ability to continue as a going concern. We will seek additional sources of capital through the issuance of debt or equity financing, but there can be no assurance that we will be successful in accomplishing our objectives. Our ability to continue as a going concern is dependent on additional sources of capital and the growth of our business.

**Critical Accounting Policies**

Our significant accounting policies are described in the notes to our financial statements for the year ended June 30, 2025, and are included elsewhere in this annual report on Form 10-K.

**Item 7A. Quantitative and Qualitative Disclosures About Market Risk**

N/A.

**Item 8. Financial Statements and Supplementary Data**

The Company's Financial Statements required by Item 8, together with the reports thereon of the Independent Registered Public Accounting Firm, are set forth on pages F-1 through F12 of this report and are incorporated by reference in this Item 8.

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

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**AEN GROUP LTD.**

**Financial Statements**

**For the years ended June 30, 2025 and 2024**

**(Stated in US Dollars)**

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

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**AEN GROUP LTD.**

FOR THE YEARS ENDED JUNE 30, 2025 AND 2024

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| | |
|:---|:---|
| INDEX TO FINANCIAL STATEMENTS | PAGE |
| [Reports of Independent Registered Public Accounting Firm](#report)ID 6967 | F-2 |
| [Consolidated Balance Sheet](#bs) | F-3 |
| [Consolidated Statement of Comprehensive Income (Loss)](#loss) | F-4 |
| [Consolidated Statement of Change in Stockholders' (Deficit)/Equity](#equity) | F-5 |
| [Consolidated Statement of Cash Flows](#cf) | F-6 |
| [Notes to the Consolidated Financial Statements](#notes) | F-7 to F12 |

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|:---|
| F-1 |
| *[**Table of Contents**](#TOCF)* |

---

![aen_10kimg3.jpg](aen_10kimg3.jpg)

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Stockholders of AEN Group LTD.

**Opinion on the Financial Statements**

We have audited the accompanying consolidated balance sheets of AEN Group LTD. (the Company) as of June 30, 2025 and 2024, and the related consolidated statement of Comprehensive Income (Loss), changes in Stockholder's (Deficit)/Equity, and cash flows for each of the years in the two-year period ended June 30, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2025 and 2024, and the results of its operations and its cash flows for each of the years in the two-year period ended June 30, 2025, in conformity with accounting principles generally accepted in the United States of America.

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

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

![aen_10kimg4.jpg](aen_10kimg4.jpg)<br>

CT International LLP

We have served as the Company's auditor since 2024 San Francisco, California

September 29, 2025

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| F-2 |
| *[**Table of Contents**](#TOCF)* |

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| | | | |
|:---|:---|:---|:---|
| **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** |
| **Consolidated Balance Sheet** | **Consolidated Balance Sheet** | **Consolidated Balance Sheet** | **Consolidated Balance Sheet** |
|  |  | **June 30,** | **June 30,** |
|  | **Note** | **2025** | **2024** |
|  |  | ($)  | ($)  |
| **ASSETS** |  |  |  |
| **Current Assets** |  |  |  |
| Cash & cash equivalents |  | 6337 | 27170 |
| Accounts receivable |  | 99 |  |
| Other receivables |  | - | 4500 |
| **TOTAL ASSETS** |  | **6436** | **31670** |
| **LIABILITIES & STOCKHOLDERS' (DEFICIT)/EQUITY** |  |  |  |
| **Current Liabilities** |  |  |  |
| Accounts payable and accrued expenses |  | 20837 | 2189 |
| Interest payable |  | 1069 |  |
| Due to related party |  | 23200 | 7082 |
| Short term loan |  | 43100 | - |
| **Total Liabilities** |  | 88206 | 9271 |
| **Stockholders' (Deficit)/Equity** |  |  |  |
| Common stock |  | 721 | 721 |
| Additional Paid in Capital |  | 23113 | 23113 |
| Deficit |  | (105585) | (1479) |
| Accumulated Other Comprehensive Income (Loss) |  | (19) | 44 |
| **Total Stockholders' (Deficit)/Equity**  |  | (81770) | 22399 |
| **TOTAL LIABILITIES & STOCKHOLDERS' (DEFICIT)/EQUITY**  |  | **6436** | **31670** |

---

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

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| F-3 |
| *[**Table of Contents**](#TOCF)* |

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| | | | | |
|:---|:---|:---|:---|:---|
| **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** |
| **Consolidated Statement of Comprehensive Income (Loss)** | **Consolidated Statement of Comprehensive Income (Loss)** | **Consolidated Statement of Comprehensive Income (Loss)** | **Consolidated Statement of Comprehensive Income (Loss)** | **Consolidated Statement of Comprehensive Income (Loss)** |
|  |  |  |  | From |
|  |  | **For the** | **For the** | **inception** |
|  |  | **year** | **year** | **(June 10,** |
|  |  | **ended** | **ended** | **2022) to** |
|  |  | **June 30,** | **June 30,** | **June 30,** |
|  | **Note** | **2025** | **2024** | **2025** |
|  |  | ($) | ($) | ($) |
| **Revenue** |  | 5385 | 12863 | 35119 |
| Cost of revenue |  | 4099 | 9930 | 26070 |
| **Gross profit** |  | 1286 | 2933 | 9049 |
| **Selling, general & administrative expenses** |  | 104016 | 2916 | 112813 |
| **Income / (loss) from operations** |  | (102730) | 17 | (103764) |
| **Other items** |  |  |  |  |
| Finance costs |  | (1069) |  | (1069) |
| Foreign exchange loss |  | (307) | (188) | (752) |
| **Net income (loss)** |  | **(104106)** | **(171)** | **(105585)** |
| Foreign exchange translation |  | (63) | 17 | (19) |
| **Net income (loss) and other comprehensive income (loss)** |  | (104169) | (154) | (105604) |
| **Basic and diluted earnings per common share** |  | (0.01) | (0.00) |  |
| **Weighted average number of** |  |  |  |  |
| **common shares outstanding** |  | 7210000 | 4180065 |  |

---

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

---

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| F-4 |
| *[**Table of Contents**](#TOCF)* |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** | **AEN Group Ltd.** |
| **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** | **Consolidated Statement of Changes in Stockholder's (Deficit)/Equity** |
|  |  |  |  | **Additional** |  |  |  |
|  |  | **Common Stock** | **Common Stock** | **Paid-in** |  | **Accumulated** |  |
|  | **Note** | **Shares** | **Amount** | **Capital** | **Deficit** | **OCI** | **Total** |
|  |  | (#)  | ($)  | ($)  | ($)  | ($)  | ($)  |
| Balance, June 30, 2024 |  | 7210000 | 721 | 23113 | (1479) | 44 | 22399 |
| Net Loss |  | - | - | - | (104106) | (63) | (104169) |
| **Balance, June 30, 2025** |  | **7210000** | **721** | **23113** | **(105585)** | **(19)** | **(81770)** |
|  |  |  |  | **Additional** |  |  |  |
|  |  | **Common Stock** | **Common Stock** | **Paid-in** |  | **Accumulated** |  |
|  | **Note** | **Shares** | **Amount** | **Capital** | **Deficit** | **OCI** | **Total** |
|  |  | (#)  | ($)  | ($)  | ($)  | ($) | ($)  |
| Balance, June 30, 2023 |  | 3100000 | 310 | (155) | (1308) | 27 | (1126) |
| Effect of acquisition on May 15, 2024 |  | 3500000 | 350 | (1571) |  |  | (1221) |
| Share issued on June 28, 2024 |  | 610000 | 61 | 24839 |  |  | 24900 |
| Net Loss |  |  |  |  | (171) | 17 | (154) |
| **Balance, June, 2024** |  | **7210000** | **721** | **23113** | **(1479)** | **44** | **22399** |

---

&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;

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

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

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| | | | |
|:---|:---|:---|:---|
| **AEN Group Ltd.** | | | |
| **Consolidated Statements of Cash Flows** | | | |
|  | | **For the** | **For the** |
|  | | **year** | **year** |
|  | | **June 30,** | **June 30,** |
|  | **Note** | **2025** | **2024** |
|  |  | ($)  | ($)  |
| **<u>CASH FLOWS FROM OPERATING ACTIVITIES</u>** |  |  |  |
| Net income (loss) |  | (104106) | (171) |
| Adjustments to reconcile net loss to net cash |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance cost |  | 1069 |  |
| Changes in operating assets and liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;Changes in accounts receivable |  | (99) | 121 |
| &nbsp;&nbsp;&nbsp;Changes in prepaid expenses |  |  |  |
| &nbsp;&nbsp;&nbsp;Changes in other receivables |  | 4500 | (4500) |
| &nbsp;&nbsp;&nbsp;Changes in inventory |  |  | 1004 |
| &nbsp;&nbsp;&nbsp;Changes in accounts payable and accrued liabilities |  | 18648 | 1256 |
| **Net cash used in operating activities** |  | **(79988)** | **(2290)** |
| **<u>CASH FLOWS FROM INVESTING ACTIVITIES</u>** |  |  |  |
| **Net cash used in investing activities** |  | **-** | **-** |
| **<u>CASH FLOWS FROM FINANCING ACTIVITIES</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Advance from (repayment to) related party |  | 16118 | (3720) |
| &nbsp;&nbsp;&nbsp;Net proceed from short term loan |  | 43100 |  |
| &nbsp;&nbsp;&nbsp;Issuance of common stock |  |  | 24900 |
| &nbsp;&nbsp;&nbsp;Cash acquired from assets acquisition |  | - | 6301 |
| **Net cash provided by financing activities** |  | **59218** | **27481** |
| **Effect of Exchange Rate Changes on Cash and Cash Equivalents** |  | (63) | (3) |
| **Net (decrease)/increase in cash** |  | (20833) | 25188 |
| **Cash at beginning of period** |  | 27170 | 1982 |
| **Cash at end of period** |  | **6337** | **27170** |
| **<u>SUPPLEMENTAL DISCLOSURES OF CASH FLOW</u>** |  |  |  |
| **<u>INFORMATION</u>** |  |  |  |
| Cash paid during period for: |  |  |  |
| Interest |  |  |  |
| Income Taxes |  |  |  |

---

*The accompanying notes are an integral part of these consolidated financial statements.*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| F-6 |
| *[**Table of Contents**](#TOCF)* |

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**AEN GROUP LTD.**

**NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEAR ENDED JUNE 30, 2025**

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

AEN Group Ltd. ("AEN Group") was incorporated on January 29, 2024, in the state of Nevada, USA. The AEN Group acquired 100% interest in AEN Trading Ltd. ("AEN Trading") on May 15, 2024, as its wholly owned subsidiary. AEN Trading, incorporated on June 10, 2022, in Alberta, Canada, is a start-up in the business of importing and exporting specialty products to and from Asia. AEN Trading aims to bridge the gap between Canadian and Asian markets by providing high demand, superior quality products.

AEN Group and AEN Trading will be collectively referred to as the "Company".

**NOTE 2. BASIS OF PRESENTATION**

On May 15, 2024, AEN Group issued 3,500,000 common shares to acquire AEN Trading. As a result of this transaction, the shareholders of AEN Trading obtained control of AEN Group through majority voting rights. Accordingly, the transaction has been accounted for as a reverse acquisition, with AEN Trading treated as the accounting acquirer.

The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and include the accounts of AEN Group and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated.

The financial statements cover the fiscal year ended June 30, 2025, with comparative information presented for the year ended June 30, 2024.

<u>Functional and Presentation Currency</u>

The Company's foreign operations are measured using the currency of the primary economic environment in which the entity operates (the "functional currency"). The Company uses US Dollars as its functional and presentation currency.

**NOTE 3. GOING CONCERN**

These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company and its subsidiaries will be able to meet its obligations and continue its operations for next fiscal year. Realization values may be substantially different from carrying values as shown and these consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.

At June 30, 2025, the Company had $6,337 in cash and there were outstanding liabilities of $88,206. The Company reported a net loss of $104,106 for the year ended June 30, 2025, and has accumulated deficit of $105,585. The Company's stockholders' equity is negative $81,770 as of June 30, 2025. Management does not believe that the Company's current cash position is sufficient to cover the expenses they will incur during the next twelve months. This condition raises substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets.

In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. These financial statements do not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as going concern.

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

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**NOTE 4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*a. <u>Use of Estimates and Assumptions</u>*

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

Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.

*b. <u>Fair Value of Financial Instruments</u>*

ASC 825, "Disclosures about Fair Value of Financial Instruments", requires disclosure of fair value information about financial instruments. ASC 820, "Fair Value Measurements" defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2025.

Fair values were assumed to approximate carrying values of on-balance-sheet financial instruments since they are short term in nature. These financial instruments include cash and accounts payables.

*c. <u>Earnings per Share</u>*

ASC No. 260, "Earnings Per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260.

Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

*d. <u>Cash and Cash Equivalents</u>*

Cash equivalents include highly liquid investments with original maturities of three months or less.

*e. <u>Income Taxes</u>*

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

*f. <u>Revenue Recognition</u>*

The Company recognizes revenues when its customers obtain control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five-step model prescribed under ASU No. 2014-09: (i) identifies contract(s) with a customer; (ii) identifies the performance obligations in the contract; (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligations in the contract; and (v) recognizes revenues when (or as) it satisfies the performance obligation.

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Under ASC 606 guidelines, a performance obligation is a promise to transfer to the customer a good or service that is separately identifiable and has standalone value. In our case, the sale of products satisfies both criteria and is considered a single performance obligation. This performance obligation is considered satisfied upon the delivery of the products to the customer, as this is when the customer obtains control of the goods.

To allocate the transaction price, we consider the standalone selling price of the products themselves. We take into account various factors such as market conditions and competitive pricing when determining the standalone selling price. Once we have determined the standalone selling price, we allocate the transaction price to the products, accordingly, as required by ASC 606-10-32-29 and 606-10-50-13. Revenues from product sales are recorded net of applicable discounts and allowances that are offered within contracts with the Company's customers.

The Company expenses incremental costs of obtaining a contract as and when incurred if the expected amortization period of the asset that it would have recognized is one year or less or the amount is immaterial.

*g. <u>Cost of Sales</u>*

Amounts that will be recorded as cost of sales relate to direct expenses incurred in order to fulfill orders of our customers. Such costs are recorded and allocated as incurred. Our cost of sales will consist primarily of the cost of product and shipping expenses.

*h. <u>Fixed Assets</u>*

Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, (if any). The Company utilizes straight-line depreciation over the estimated useful life of the asset.

Property – 40 years

Office Equipment – 5 years

*i. <u>Foreign Currency Translation and Balances</u>*

Transactions in foreign currencies are initially recorded by the Company at their respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rate of exchange at the reporting date. Exchange gains or losses arising from translation are recognized in the statement of operation.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined.

*j. <u>Foreign operations</u>*

The assets and liabilities of foreign operations are translated to U.S. dollars at exchange rates at the reporting date. The income and expenses of foreign operations are translated into U.S. dollars at an average monthly exchange rates for the date of the transactions. Foreign currency differences are recognized in other comprehensive income in the accumulated other comprehensive income (loss).

Foreign exchange gains or losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely to occur in the foreseeable future and which in substance is considered to form part of the net investment in the foreign operation, are recognized in other comprehensive income in the cumulative amount of foreign currency translation differences.

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*k. <u>Segment Reporting</u>*

Operating segments are defined as components of an enterprise engaging in business activities for which separate financial information is available that is regularly evaluated by the Group's chief operating decision makers ("CODM"). Based on the criteria established by ASC280 "Segment Reporting", the Group's CODM has been identified as the Chief Executive Officer, who reviews consolidated results of the Company when making decisions about allocating resources and assessing performance.

The Company's CODM reviewed consolidated results including revenue and operating income at a consolidated level and concluded that there is only one operating and reportable segment in the Company.

The Company's revenues are derived from within China. Therefore, no geographical segments are presented.

*l. <u>Recently Issued Accounting Guidance</u>*

The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the Company's financial statements.

**NOTE 5. ASSETS ACQUISITION**

On May 15, 2024, the Company issued 3,500,000 common stock to acquire 100% interest of AEN Trading as its wholly owned subsidiary. The transaction results in AEN Trading's shareholders taking control of the Company by voting rights through 53.03% of ownership interest. As a result, AEN Trading, being the legal acquiree, is considered as the accounting acquirer according to guidance in the Accounting Standards Codification ("ASC") 805-10. As the Company, being the accounting acquiree, does not meet the definition of a business according to ASC 805-10, the transaction is accounted for in accordance to ASC 805-50 as an acquisition of assets.

The net liabilities acquired were the fair value of the net liabilities of AEN Group as of May 15, 2024. The amount was calculated as follow:

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| | |
|:---|:---|
| Cash | $6308 |
| Due to related parties | $(7522) |
| Net liabilities | $(1214) |

---

**NOTE 6. RELATED PARTY TRANSACTIONS**

During the year ended June 30, 2025, the Company received advances from related parties in the amount of $16,118.

On January 1, 2025, an amount of $43,100 owed to a related party was converted into a loan with a maturity period of one year from the date of the loan agreement. The loan accrues interest at a rate of 5% per annum, payable upon maturity. Interest expense of $1,069 was recorded for the year ended June 30, 2025.

As of June 30, 2025 and June 30, 2024, the total balance due to related parties amounted to $23,200 and $7,082, respectively were owed to one individual who is an officer and director of the Company. These amounts are non-interest bearing and does not have a maturity. The proceeds of the advance were used for operations.

**NOTE 7. SHARE CAPITAL**

On January 29, 2024, the Company incorporated with seed capital of $310 for 3,100,000 common stocks.

On May 15, 2024, the Company issued 3,500,000 common stock to acquire 100% interest of AEN Trading as its wholly owned subsidiary (See Note 5). On June 28, 2024, the Company closed a private placement and issued 610,000 common stocks for gross proceeds of $30,500. $4,500 of the proceeds was received in July 2024.

As of June 30, 2025, the Company had 7,210,000 shares of common stock issued and outstanding.

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| F-10 |
| *[**Table of Contents**](#TOCF)* |

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**NOTE 8. WARRANTS AND OPTIONS**

There are no warrants or options outstanding to acquire any additional shares of common.

**NOTE 9. INCOME TAXES**

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

The Company operates in the United States and the Company's subsidiary, AEN Trading, operates in Canada, with statutory income tax rates of 21% and 23%, respectively.

There was no income tax expense for the periods ended June 30, 2025 and 2024. The reconciliation and the tax effects of temporary differences that give rise to significant portions of the net deferred tax assets on June 30, 2025 and 2024 are as follows:

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| | | |
|:---|:---|:---|
| **Year ended June 30, 2025** | **Amount** | **Rate** |
|  | ($) | (%) |
| US federal statutory rate on US operations | (21862) | 21.0 |
| Effect of foreign operations | (78) | 0.1 |
| Valuation allowance for deferred tax assets | 21940 | (21.1) |
| Total tax expenses at effective tax rate | - | - |

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| | | |
|:---|:---|:---|
| **Year ended June 30, 2024** | **Amount** | **Rate** |
|  | ($) | (%) |
| US federal statutory rate on US operations | (36) | 21.0 |
| Effect of foreign operations | 15 | (8.8) |
| Valuation allowance for deferred tax assets | 21 | (12.2) |
| Total tax expenses at effective tax rate | - | - |

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**NOTE 10. SEGMENT INFORMATION**

During year ended June 30, 2025 and 2024, the Company has only one operating product segment and one geographic segment.

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| | | |
|:---|:---|:---|
|  | **Year ended** <br>**June 30,** <br>**2025** | **Year ended** <br>**June 30,** <br>**2024** |
|  | ($) | ($) |
| Segment revenue | $5385 | 12863 |
| Segment loss | $(104106) | (171) |

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

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**NOTE 11. COMMITMENTS AND CONTINGENCIES**

The Company has no commitments and contingencies liabilities to be disclosed.

**NOTE 12. CONCENTRATIONS**

During the year ended June 30, 2025, the Company purchased 100% of its supplies from five suppliers and no amounts were due to these suppliers. During the year ended June 30, 2024, the Company purchased 100% of its supplies from three major supplier and no amounts were due to this supplier.

**NOTE 13. LEGAL MATTERS**

The Company has no known legal issues pending.

**NOTE 14. SUBSEQUENT EVENT**

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date the financial statements were issued. Based upon this review, other than as described below or within these unaudited consolidated financial statements, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the unaudited consolidated financial statements.

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**Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure**

There were no disagreements related to accounting principles or practices, financial statement disclosure, internal controls or auditing scope or procedure during the two fiscal years and interim periods.

**Item 9A. Controls and Procedures**

**Evaluation of Disclosure Controls and Procedures**

We have carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer/Principal Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) as of June 30, 2025. Based on such evaluation, we have concluded that, as of such date, our disclosure controls and procedures were not effective to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in applicable SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer/Principal Financial Officer, as appropriate, to allow timely discussions regarding required disclosure.

**Evaluation of Internal Control over Financial Reporting**

Our management is responsible for establishing and maintaining internal control over financial reporting for our internal control system was designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Internal control over our financial reporting includes those policies and procedures that:

(1) pertain to the maintenance of records that in reasonable detail accurately and fairy reflect our transactions.

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorization of our management and directors; and

(3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error or circumvention through collusion of improper overriding of controls. Therefore, even those internal control systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation. Further, because of changes in conditions, the effectiveness of internal control may vary over time.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results in there being a more than remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

Under the supervision and with the participation of our chief executive officer (our principal executive officer) and our chief financial officer (our principal financial officer and principal accounting officer), management conducted an evaluation of the effectiveness of our internal control over financial reporting, as of June 30, 2025, based on the framework set forth in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on our evaluation under this framework, management concluded that our internal control over financial reporting was not effective as of the evaluation date due to the factors stated below:

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Management assessed the effectiveness of our company's internal control over financial reporting as of the evaluation date and identified the following material weaknesses:

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|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;o  | Lack of proper segregation of duties due to limited personnel; |
| &nbsp;&nbsp;&nbsp;&nbsp;o  | Lack of a formal review process that includes multiple levels of review from adequate personnel with requisite expertise. |
| &nbsp;&nbsp;&nbsp;&nbsp;o  | Lack of written policies and procedures for accounting and financial reporting. |

---

We do not have a functioning audit committee or sufficient outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures.

Management is committed to improving its internal controls and will (1) continue to use third party specialists to address shortfalls in staffing and to assist the Company with accounting and finance responsibilities, (2) increase the frequency of independent reconciliations of significant accounts which will mitigate the lack of segregation of duties until there are sufficient personnel and (3) may consider appointing outside directors and audit committee members in the future.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management's report in this annual report.

**Changes in Internal Control Over Financial Reporting**

There have been no changes in our internal controls over financial reporting that occurred during the year ended June 30, 2025 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

**Item 9B. Other Information**

None.

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| 9 |
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**PART III**

**Item 10. Directors, Executive Officers and Corporate Governance**

All directors of our Company hold office until the next annual meeting of the security holders or until their successors have been elected and qualified. The officers of our Company are appointed by our board of directors and hold office until their death, resignation or removal from office. Our directors and executive officers, their ages, positions held, and duration as such, are as follows:

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Position Held**<br>**with the Company** | **Age** | **Date First Elected**<br> **or Appointed** |
| Dandan Chen | President, Chief Executive Officer, Treasurer and Director  | 39 | January 29, 2024 |
| Liao Xiu Ze | Secretary and Director | 44 | January 29, 2024 |

---

**Business Experience**

The following is a brief account of the education and business experience during at least the past five years of our directors and executive officers, indicating their principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.

**Dandan Chen –** *President, Chief Executive Officer, Treasurer and Director*

Ms. Chen graduated with a Bachelor of Computer Science degree from the University of Guangdong Industry in Guangdong, China in 2009. She began her career at Guangzhou Securities (currently CITIC Securities), where she gained valuable experience in financial operations. In 2013, Ms. Chen joined China Galaxy Securities, playing a key role in supporting the company's front and back office operations. In November 2018, Ms. Chen immigrated to Canada, where she ventured into entrepreneurship, focusing on trading specialty products between Canada and China. With a decade of diverse business experience in China, she founded AEN Trading Ltd. in 2022, overseeing the operations of the Company, including market development, product selection, and sales strategies.

**Liao Xiu Ze –** *Secretary and Director*

Mr. Liao attended South-Central Minzu University, graduating with a bachelor's degree in business administration. After graduation, Mr. Liao worked as an Accounts Executive at Yingmei Linjun Cultural Communication Co. Ltd. until 2011. In January 2012, Mr. Liao moved to Tianyi Lingpan Media Co. Ltd as Marketing Director. His duties at Tianyi included managing and supervising a team of staff in charge of various advertising accounts. From 2018 to 2023, Mr. Liao worked as Operations Director at Xiangfan Jinglan Computer Design Co. Ltd. At Xiangfan, Mr. Liao's duties included overseeing a team of web design developers, and liaising with clients to ensure that objectives and targets are met. Mr. Liao left Xiangfan in late 2023 and has been self-employed since then.

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**Significant Employees**

There are no individuals other than our executive officers who make a significant contribution to our business.

**Family Relationships**

There are no family relationships among directors and officers of the Company.

**Involvement in Certain Legal Proceedings**

To the best of our knowledge, none of our directors or executive officers has, during the past ten years, been involved in any civil or criminal proceedings.

**Other Directorships**

Our directors do not hold any other directorships in any company with a class of securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

**Board of Directors and Director Nominees**

The Board will consider candidates for directors proposed by security holders, although no formal procedures for submitting candidates have been adopted. Unless otherwise determined, at any time not less than 90 days prior to the next annual Board meeting at which a slate of director nominees is adopted, the Board will accept written submissions from proposed nominees that include the name, address and telephone number of the proposed nominee; a brief statement of the nominee's qualifications to serve as a director; and a statement as to why the security holder submitting the proposed nominee believes that the nomination would be in the best interests of our security holders. If the proposed nominee is not the same person as the security holder submitting the name of the nominee, a letter from the nominee agreeing to the submission of his or her name for consideration should be provided at the time of submission. The letter should be accompanied by a résumé supporting the nominee's qualifications to serve on the Board, as well as a list of references.

The Board identifies director nominees through a combination of referrals from different people, including management, existing Board members and security holders. Once a candidate has been identified, the Board reviews the individual's experience and background and may discuss the proposed nominee with the source of the recommendation. If the Board believes it to be appropriate, Board members may meet with the proposed nominee before making a final determination whether to include the proposed nominee as a member of the slate of director nominees submitted to security holders for election to the Board.

Some of the factors which the Board considers when evaluating proposed nominees include their knowledge of and experience in business matters, finance, capital markets and mergers and acquisitions. The Board may request additional information from each candidate prior to reaching a determination, and it is under no obligation to formally respond to all recommendations, although as a matter of practice, it will endeavor to do so.

**Board and Committee Meetings** 

Our board of directors held no in person meetings during the year ended June 30, 2025. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Nevada General Corporate Law and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

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For the year ended June 30, 2025, there was no standing nominating committee or committee performing similar functions for our company.

**Conflicts of Interest**

Our directors are not obligated to commit their full time and attention to our business and, accordingly, they may encounter a conflict of interest in allocating their time between our operations and those of other businesses. In the course of their other business activities, they may become aware of investment and business opportunities which may be appropriate for presentation to us as well as other entities to which they owe a fiduciary duty. As a result, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented. They may also in the future become affiliated with entities, engaged in business activities similar to those we intend to conduct.

In general, officers and directors of a corporation are required to present business opportunities to a corporation if:

· the corporation could financially undertake the opportunity;

· the opportunity is within the corporation's line of business; and

· it would be unfair to the corporation and its stockholders not to bring the opportunity to the attention of the corporation.

We plan to adopt a code of ethics that obligates our directors, officers and employees to disclose potential conflicts of interest and prohibits those persons from engaging in such transactions without our consent.

**Code of Ethics**

We have not adopted a code of ethics that applies to our officers, directors and employees. When we do adopt a code of ethics, we will disclose it in a Current Report on Form 8-K.

**Audit Committee**

We do not currently have an audit committee or a committee performing similar functions. The board of directors as a whole participates in the review of financial statements and disclosure.

**Section 16(a) of the Securities Exchange Act of 1934**

During the fiscal year ended June 30, 2025 our Directors and Officers have complied with all applicable Section 16(a) filing requirements.

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**Item 11. Executive Compensation**

The following table shows for the fiscal years ending June 30, 2025 and 2024, the compensation awarded or paid by the Company to its executive officers. No executive officers of the Company had total salary and bonus exceeding $100,000 during such year.

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| | | | |
|:---|:---|:---|:---|
| **&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY COMPENSATION TABLE**  | **&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY COMPENSATION TABLE**  | **&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY COMPENSATION TABLE**  | **&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY COMPENSATION TABLE**  |
| **Name** <br>**and Principal** <br>**Position**  | **Year** | **Salary**<br>**($)** | **Total**<br>**($)** |
| Dandan Chen<sup>(1)</sup> <br>*President, Chief Executive Officer, and Director* | 2025<br>2024 | 365<br>4380<br> Nil<br>Nil | 365<br>4380 |
| Liao Xiu Ze<sup>(2)</sup> <br>*Secretary and Director* | 2025<br>2024 | Nil<br>Nil | Nil<br>Nil |

---

(1) Dandan Chen was appointed Director on January 29, 2024 and President, Chief Executive Officer and Treasurer of our company on May 15, 2024. 

(2) Liao Xiu Ze was appointed Secretary and Director of our company on January 29, 2024. 

**Narrative Disclosure to Summary Compensation Table**

There are no employment contracts, compensatory plans or arrangements, including payments to be received from our company with respect to any executive officer, that would result in payments to such person because of his or her resignation, retirement or other termination of employment with our company, or its subsidiaries, any change in control, or a change in the person's responsibilities following a change in control of our company.

**Options Grants During the Last Fiscal Year / Stock Option Plans**

We do not currently have a stock option plan in favor of any director, officer, consultant or employee of our company. No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or director during the last fiscal year; accordingly, no stock options have been granted or exercised by any of the officers or directors during our last fiscal year.

**Aggregated Options Exercises in Last Fiscal Year**

No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or any director during our last fiscal year; accordingly, no stock options have been granted or exercised by any of the officers or directors since during our last fiscal year.

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**Long-Term Incentive Plans and Awards**

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance. No individual grants or agreements regarding future payouts under non-stock price-based plans have been made to any executive officer or any director or any employee or consultant since our inception; accordingly, no future payouts under non-stock price-based plans or agreements have been granted or entered into or exercised by any of the officers or directors or employees or consultants since we were founded.

**Outstanding Equity Awards at Fiscal Year End** 

No equity awards were outstanding as of the year ended June 30, 2025.

**Compensation of Directors** 

The members of our board of directors are not compensated by our Company for acting as such. Directors are reimbursed for reasonable out-of-pocket expenses incurred. There are no arrangements pursuant to which directors are or will be compensated in the future for any services provided as a director.

We do not have any agreements for compensating our directors for their services in their capacity as directors, although such directors are expected in the future to receive stock options to purchase shares of our common stock as awarded by our board of directors.

We have determined that none of our directors are independent directors, as that term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the *Securities Exchange Act of 1934*, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules.

**Pension, Retirement or Similar Benefit Plans** 

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.

**Long-Term Incentive Plan Awards**

We do not have any long-term incentive plans that provide compensation intended to serve as an incentive for performance.

**Indebtedness of Directors, Senior Officers, Executive Officers and Other Management** 

None of our directors or executive officers or any associate or affiliate of our company during the last two fiscal years, is or has been indebted to our company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

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**Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters**

The following table sets forth, as of June 30, 2025, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

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| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner** | **Amount and Nature of Beneficial**<br>**Ownership<sup>(1)</sup>** | **Percentage** <br>**of Class** |
| Dandan Chen <br>2614 35 Street SW, Calgary, Alberta, Canada T3E 2Y2 | 3600000 | 49.93% |
| Liao Xiu Ze <br>82, Shuncheng Street, Unit 1, Block 4, Apt. 104, Zaoyang, Hubei, China | 3000000 | 41.61% |
| ***Directors and Executive Officers as a Group*** | 6600000 | ***91.54%*** |

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Notes:

(1) As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting of, a security, or the sole or share investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of a security).

(2) The percentages are based on 7,210,000 shares of common stock issued and outstanding as of June 30, 2025.

**Changes in Control**

We are unaware of any contract or other arrangement or provisions of our Articles or Bylaws the operation of which may at a subsequent date result in a change of control of our company. There are not any provisions in our Articles or Bylaws, the operation of which would delay, defer, or prevent a change in control of our company.

**Item 13. Certain Relationships and Related Transactions and Director Independence**

Except as disclosed below, there have been no transactions or proposed transactions in which the amount involved exceeds the lesser of $120,000 or 1% of the average of our total assets at year-end for the last two completed fiscal years in which any of our directors, executive officers or beneficial holders of more than 5% of the outstanding shares of our common stock, or any of their respective relatives, spouses, associates or affiliates, has had or will have any direct or material indirect interest.

On June 1, 2024, the Company entered into a consulting agreement with Dandan Chen, through AEN Trading Ltd., our subsidiary. Under the agreement, Mr. Chen receives a monthly fee of CAD$500.00 (US$365.00 based on exchange rate of US$1.00 to CAD$1.37) commencing on June 1, 2024, and ending at any time by either party with one month written notice.

Given the Company's small size and limited financial resources, the Company has not adopted formal policies and procedures for the review, approval or ratification of transactions. The Company intends to establish formal policies and procedures in the future, once the Company has sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, the Company's directors will continue to approve any related party transaction.

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**Director Independence**

For purposes of determining director independence, the Company has applied the definitions set out in NASDAQ Rule 5605(a)(2). The OTC Markets on which the Company intends for its shares of common stock to be quoted does not have any director independence requirements. The NASDAQ definition of "Independent Officer" means a person other than an Executive Officer or employee of the Company or any other individual having a relationship which, in the opinion of the Company's Board of Directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.

The Company's Board of Directors is currently comprised of two members, both of whom do not qualify as independent directors in accordance with the NASDAQ guidelines.

**Indemnification**

Our Bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law.

The general effect of the foregoing is to indemnify a control person, officer or director from liability, thereby making us responsible for any expenses or damages incurred by such control person, officer or director in any action brought against them based on their conduct in such capacity, provided they did not engage in fraud or criminal activity.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or control persons pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 14. Principal Accountant Fees and Services**

The aggregate fees billed for the most recently completed fiscal year ended June 30, 2025 and for fiscal year ended June 30, 2024 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods are as follows:

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| | | |
|:---|:---|:---|
|  | **Year Ended**  | **Year Ended**  |
|  | **June 30,** <br>**2024** <br>**US$**  | **June 30,** <br>**2025** <br>**US$**  |
| Audit Fees  | $18000.00<sup>(1)</sup>  | $17500 |
| Audit Related Fees  | Nil | Nil |
| Tax Fees  | Nil | Nil |
| All Other Fees  | NIL | NIL |
| Total  | $18000.00<sup>(1)</sup>  | $17500 |

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<sup>(1)</sup>  Estimate only.

Our board of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors before the respective services were rendered.

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**PART IV**

**Item 15. Exhibits and Financial Statement Schedules**

The following exhibits are included with this Report:

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| **(3)** | **Articles of Incorporation and Bylaws** |
| [3.1](http://www.sec.gov/Archives/edgar/data/2033750/000164033424001974/aen_ex31.htm) | [Articles of Incorporation (1).](http://www.sec.gov/Archives/edgar/data/2033750/000164033424001974/aen_ex31.htm) |
| [3.2](http://www.sec.gov/Archives/edgar/data/2033750/000164033424001974/aen_ex32.htm) | [Bylaws (1).](http://www.sec.gov/Archives/edgar/data/2033750/000164033424001974/aen_ex32.htm) |
| **(31)** | **Rule 13a-14(a)/15d-14(a) Certification** |
| [31.1\*](aen_ex311.htm) | [Section 302 Certification under Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer](aen_ex311.htm) |
| **(32)** | **Section 1350 Certifications** |
| [32.1\*](aen_ex321.htm) | [Section 906 Certification under Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer](aen_ex321.htm) |
| **101**\*\* | **Interactive Data Files** |

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*\** *Filed herewith.*

*\*\** *Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.*

(1) Incorporated by reference to our Registration Statement on Form S-1 filed December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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**SIGNATURES**

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

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| | | |
|:---|:---|:---|
|  | **JAAG ENTERPRISES LTD.**  | **JAAG ENTERPRISES LTD.**  |
| Dated: September 30, 2025 | By:  | */s/Dandan Chen* |
|  |  | **Dandan Chen**  |
|  |  | Chief Executive Officer and Chief Financial Officer  |
|  |  | (Principal Executive Officer, Principal Financial <br>Officer and Principal Accounting Officer) |

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

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| | | |
|:---|:---|:---|
| Dated: September 30, 2025 | By:  | */s/Dandan Chen* |
|  |  | **Dandan Chen**  |
|  |  | Chief Executive Officer and Chief Financial Officer  |
|  |  | (Principal Executive Officer, Principal Financial<br>Officer and Principal Accounting Officer) |

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## Exhibit 31.1

**EXHIBIT 31.1** 

CERTIFICATION

I, Dandan Chen, certify that:

1. I have reviewed this report on Form 10-K.

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

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

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

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

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

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

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

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

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

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

Date: September 30, 2025

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| |
|:---|
| */s/ Dandan Chen* |
| Dandan Chen |
| Chief Executive Officer/Chief Financial Officer |
| Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer |

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## Exhibit 32.1

**EXHIBIT 32.1**

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of AEN Group Ltd. (the "Company") on Form 10-K for the year ending June 30, 2025 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Dandan Chen, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

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

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

IN WITNESS WHEREOF, the undersigned has executed this certification as of the 30th day of September, 2025.

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| |
|:---|
| */s/ Dandan Chen* |
| Dandan Chen |
| Chief Executive Officer/Chief Financial Officer |
| Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer |

---