# EDGAR Filing Document

**Accession Number:** 0002071489
**File Stem:** 0001493152-25-011570
**Filing Date:** 2025-8
**Character Count:** 206501
**Document Hash:** 2beff8e5257098b04000929819d191a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-011570.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001493152-25-011570

**CONFORMED SUBMISSION TYPE**: S-1/A

**PUBLIC DOCUMENT COUNT**: 10

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yellowstone Group Ltd.
- **CENTRAL INDEX KEY:** 0002071489
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 993878528
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** S-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288068
- **FILM NUMBER:** 251180635

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 48 JANICE STREET, SEVEN HILLS
- **CITY:** SYDNEY
- **NON US STATE TERRITORY:** NEW SOUTH WALES
- **PROVINCE COUNTRY:** C3
- **ZIP:** NSW 2147
- **BUSINESS PHONE:** 61 450315883

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 48 JANICE STREET, SEVEN HILLS
- **CITY:** SYDNEY
- **NON US STATE TERRITORY:** NEW SOUTH WALES
- **PROVINCE COUNTRY:** C3
- **ZIP:** NSW 2147

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington,** **D.C. 20549**

**FORM S-1**

**AMENDMENT NO. 1**

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CURRENT REPORT

**Yellowstone Group Ltd**

**(Exact name of registrant as specified in its charter)**

**Date: July 17, 2025**

---

| | | |
|:---|:---|:---|
| **Nevada** | **8200** | **99-3878528** |
| (State or Other Jurisdiction<br> of Incorporation)<br>| (Primary Standard Classification<br> Code)<br>| (IRS Employer<br> Identification No.)<br>|

---

**48 Janice Street, Seven Hills**

**Sydney, NSW 2147, Australia**

Issuer's telephone number: (+61) 450315883

Company email: yellowstonegroup@yeah.net

(Address, including zip code, and telephone number,<br> including area code, of registrant's principal mailing address)

Approximate date of commencement of proposed sale to the public: **As soon as practicable after this Registration Statement becomes effective.**

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act registration Statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐

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 accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY OUR EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A), MAY DETERMINE.

THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED. THERE IS NO MINIMUM PURCHASE REQUIREMENT FOR THE OFFERING TO PROCEED.

SUBJECT TO COMPLETION, DATED JULY 17, 2025

**PRELIMINARY PROSPECTUS**

**Yellowstone Group Ltd**

**8,000,000 SHARES OF COMMON STOCK**

**$0.0001 par VALUE PER SHARE**

**Prior to this Offering, no public market has existed for the common stock of Yellowstone Group Ltd. Upon completion of this Offering, we will attempt to have the shares quoted on the OTCQB operated by OTC Markets Group, Inc. There is no assurance that the Shares will ever be quoted on the OTCQB. Although we believe that in the future we will meet the eligibility requirements in order to be quoted on the OTCQB, we cannot quantify the likelihood that this will be the case. To be quoted on the OTCQB, a market maker must apply to make a market in our common stock. As of the date of this Prospectus, we have not made any arrangement with any market makers to quote our shares. Additionally, there is the possibility a market maker may not apply to make a market in our common stock.**

**In this public offering we, "Yellowstone Group Ltd" are offering 8,000,000 shares of our common stock. The offering is being made on a self-underwritten, "best efforts" basis. There is no minimum number of shares required to be purchased by each investor. The shares offered by the Company will be sold on our behalf by our Chief Executive Officer, Ms. Jianing Yang, who is deemed to be an underwriter of this offering. There is uncertainty that we will be able to sell any of the 8,000,000 shares being offered herein by the Company. Ms. Yang will not receive any commissions or proceeds for selling the shares on our behalf. All of the shares being registered for sale by the Company will be sold at a fixed price of $0.015 per share for the duration of the Offering. Assuming all of the 8,000,000 shares being offered by the Company are sold, the Company will receive $120,000 in net proceeds. Assuming 6,000,000 shares (75%) being offered by the Company are sold, the Company will receive $90,000 in net proceeds. Assuming 4,000,000 shares (50%) being offered by the Company are sold, the Company will receive $60,000 in net proceeds. Assuming 2,000,000 shares (25%) being offered by the Company are sold, the Company will receive $30,000 in net proceeds. There is no minimum amount we are required to raise from the shares being offered by the Company and any funds received will be immediately available to us. There is no guarantee that we will sell any of the securities being offered in this offering. Additionally, there is no guarantee that this Offering will successfully raise enough funds to institute our Company's business plan. Additionally, there is no guarantee that a public market will ever develop and you may be unable to sell your shares.**

Yellowstone Group Ltd offers financial consulting services to Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

As of the date of this filing, our Chief Executive Officer, President, Secretary, Treasurer, Director Jianing Yang owns and controls 100% of the voting power of our outstanding capital stock. While Ms. Yang continues to control 100% of the voting power in our Company, Ms. Yang will have effective control over the Company. If no shares are sold following this offering, Jianing Yang will continue to hold 100% of the shares issued. If all 8,000,000 shares are sold, Ms. Yang will hold 71.43% of the stock and continue to have effective control over the Company. As a result of Ms. Yang's majority ownership in the Company, she is able to control the outcome of all matters requiring stockholder approval, including the election of directors, amendments to our organizational documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions.

This primary offering will terminate upon the earliest of (i) such time as all of the common stock has been sold pursuant to the registration statement or (ii) 365 days from the effective date of this Prospectus, unless extended by our director for an additional 90 days. We may however, at any time and for any reason terminate the offering.

The Company estimates the costs of this offering at about $27,000. All expenses incurred in this offering are being paid for by the Company. The Company will utilize offering proceeds from this offering to pay for any offering expenses however, the Company may also elect to use available existing cash on hand to pay for any offering expenses.

The proceeds from the sale of the securities sold on behalf of the Company will be placed directly into the Company's account; any investor who purchases shares will have no assurance that any monies, beside their own, will be subscribed to the prospectus. All proceeds from the sale of the securities are non-refundable, except as may be required by applicable laws.

**The Company qualifies as an "emerging growth company" as defined in the Jumpstart Our Business Startups Act, which became law in April 2012 and will be subject to reduced public company reporting requirements.**

**THESE SECURITIES ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK. YOU SHOULD PURCHASE SHARES ONLY IF YOU CAN AFFORD THE COMPLETE LOSS OF YOUR INVESTMENT. PLEASE REFER TO 'RISK FACTORS' BEGINNING ON PAGE 4.**

**NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.**

You should rely only on the information contained in this Prospectus and the information we have referred you to. We have not authorized any person to provide you with any information about this Offering, the Company, or the shares of our Common Stock offered hereby that is different from the information included in this Prospectus. If anyone provides you with different information, you should not rely on it.

The following table of contents has been designed to help you find important information contained in this prospectus. We encourage you to read the entire prospectus.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **PAGE** |
| **[PART I PROSPECTUS](#ak_001)** |  |
| [PROSPECTUS SUMMARY](#ak_002) | 1 |
| [RISK FACTORS](#ak_003) | 4 |
| [SUMMARY OF OUR FINANCIAL INFORMATION](#ak_004) | 13 |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS](#ak_005) | 15 |
| [INDUSTRY OVERVIEW](#ak_006) | 16 |
| [FORWARD-LOOKING STATEMENTS](#ak_007) | 17 |
| [DESCRIPTION OF BUSINESS](#ak_008) | 17 |
| [USE OF PROCEEDS](#ak_009) | 20 |
| [DETERMINATION OF OFFERING PRICE](#ak_010) | 20 |
| [DILUTION](#ak_011) | 21 |
| [PLAN OF DISTRIBUTION](#ak_012) | 22 |
| [DESCRIPTION OF SECURITIES](#ak_013) | 23 |
| [INTERESTS OF NAMED EXPERTS AND COUNSEL](#ak_014) | 24 |
| [REPORTS TO SECURITIES HOLDERS](#ak_015) | 24 |
| [DESCRIPTION OF FACILITIES](#ak_016) | 24 |
| [LEGAL PROCEEDINGS](#ak_017) | 25 |
| [PATENTS AND TRADEMARKS](#ak_018) | 25 |
| [DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#ak_019) | 25 |
| [EXECUTIVE COMPENSATION](#ak_020) | 27 |
| [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT](#ak_021) | 29 |
| [CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS](#ak_022) | 29 |
| [PRINCIPAL ACCOUNTING FEES AND SERVICES](#ak_023) | 29 |
| [MATERIAL CHANGES](#ak_024) | 29 |
| [FINANCIAL STATEMENTS](#m_003) | F-1- F-12 |
| **[PART II. INFORMATION NOT REQUIRED IN PROSPECTUS](#F_001)** |  |
| [OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION](#F_002) | 30 |
| [INDEMNIFICATION OF DIRECTORS AND OFFICERS](#F_003) | 30 |
| [RECENT SALES OF UNREGISTERED SECURITIES](#F_004) | 31 |
| [EXHIBITS TO THE REGISTRATION STATEMENT](#F_005) | 31 |
| [UNDERTAKINGS](#F_006) | 32 |
| [SIGNATURES](#F_007) | 33 |

---

You should rely only on the information contained in this prospectus or contained in any free writing prospectus filed with the Securities and Exchange Commission. We have not authorized anyone to provide you with additional information or information different from that contained in this prospectus filed with the Securities and Exchange Commission. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We are offering to sell, and seeking offers to buy, our common stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of shares of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date.

Through July 17, 2025 all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

The date of this prospectus is July 17, 2025.

[**Table of Contents**](#toc_001)

**PART I PROSPECTUS**

**PROSPECTUS SUMMARY**

*In this Prospectus, "Yellowstone Group," "Yellowstone" the "Company," "we," "us," and "our," refer to Yellowstone Group Ltd, unless the context otherwise requires. Unless otherwise indicated, the term "fiscal year" refers to our fiscal year ending March 31st. Unless otherwise indicated, the term "common stock" refers to shares of the Company's common stock.*

This Prospectus, and any supplement to this Prospectus include "forward-looking statements". To the extent that the information presented in this Prospectus discusses financial projections, information or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "intends", "anticipates", "believes", "estimates", "projects", "forecasts", "expects", "plans" and "proposes". Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These include, among others, the cautionary statements in the "Risk Factors" section, and the "Summary of Our Financial Information" section and the "Management's Discussion and Analysis" section in this Prospectus.

This summary only highlights selected information contained in greater detail elsewhere in this Prospectus. This summary may not contain all of the information that you should consider before investing in our common stock. You should carefully read the entire Prospectus, including "Risk Factors" beginning on Page 4, and the financial statements, before making an investment decision.

**The Company**

Yellowstone Group Ltd, a Nevada corporation ("the Company") was incorporated under the laws of the State of Nevada on July 08, 2024.

On July 08, 2024, Ms. Jianing Yang was appointed as President, Secretary, Treasurer, Chief Executive Officer, and Director.

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

Yellowstone Group Ltd offers financial consulting services to small Australian and New Zealand companies with limited resources and annual turnover of less than $1 million USD, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

We have conducted minimal operations, generated minimal revenue, and incurred a net loss since our inception on July 8, 2024. As of March 31, 2025, we had incurred a net loss of $2,820. Our independent registered public accounting firm has issued an opinion with an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern.

[**Table of Contents**](#toc_001)

**Our Offering**

We have authorized capital stock consisting of 75,000,000 shares of common stock, $0.0001 par value per share ("Common Stock"). We have 20,000,000 shares of Common Stock issued and outstanding. Through this offering we will register a total of 8,000,000 shares. We may endeavor to sell all 8,000,000 shares of common stock after this registration becomes effective. The price at which we, the company, offer these shares is at a fixed price of $0.015 per share for the duration of the offering. There is no arrangement to address the possible effect of the offering on the price of the stock. We will receive all proceeds from the sale of our common stock.

\*We will notify investors by filling a post-effective amendment to our registration statement that will be available for public viewing on the SEC Edgar Database of any such extension of the offering.

---

| | |
|:---|:---|
| **Securities being offered by the Company** | 8,000,000 shares of common stock, at a fixed price of $0.015 offered by us in a direct offering. Our offering will terminate upon the earliest of (i) such time as all of the common stock has been sold pursuant to the registration statement or (ii) 365 days from the effective date of this prospectus unless extended by our Board of Directors for an additional 90 days. We may however, at any time and for any reason terminate the offering. |
| **Offering price per share** | We will sell the shares at a fixed price per share of $0.015 for the duration of this Offering. |
| **Number of shares of common stock outstanding before the offering of common stock** | 20,000,000 common shares are currently issued and outstanding. |
| **Number of shares of common stock outstanding after the offering of common stock** | 28,000,000 common shares will be issued and outstanding if we sell all of the shares we are offering. |
| **The minimum number of shares to be sold in this offering** | None. |
| **Market for the common shares** | There is no public market for the common shares. The price per share is $0.015. |
|  | We may not be able to meet the requirement for a public listing or quotation of our common stock. Furthermore, even if our common stock is quoted or granted listing, a market for the common shares may not develop. |
|  | The offering price for the shares will remain at $0.015 per share for the duration of the offering. |

---

[**Table of Contents**](#toc_001)

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| | |
|:---|:---|
| **Use of Proceeds** | We intend to use the gross proceeds from this offering to us to fund operating expenses, cover any compliance and reporting expenses that may be incurred, payment for offering expenses, advertising costs, and other related expenditures. Funds may be allocated in differing quantities should the Company decide at a later date it would be in the Company's best interests. |
| **Termination of the Offering** | This offering will terminate upon the earlier to occur of (i) 365 days after this registration statement becomes effective with the Securities and Exchange Commission, or (ii) the date on which all 8,000,000 shares registered hereunder have been sold. We may, at our discretion, extend the offering for an additional 90 days. At any time and for any reason we may also terminate the offering. |
| **Terms of the Offering** | Our Chief Executive Officer will sell the 8,000,000 shares of common stock on behalf of the company, upon effectiveness of this registration statement, on a BEST EFFORTS basis. |
| **Subscriptions:** | All subscriptions once accepted by us are irrevocable.<br>|
| **Registration Costs** | We estimate our total offering registration costs to be approximately $27,000.<br>|
| **Risk Factors:** | See "Risk Factors" and the other information in this prospectus for a discussion of the factors you should consider before deciding to invest in shares of our common stock. |

---

You should rely only upon the information contained in this prospectus. We have not authorized anyone to provide you with information different from that which is contained in this prospectus. We are offering to sell common stock and seeking offers to common stock only in jurisdictions where offers and sales are permitted.

[**Table of Contents**](#toc_001)

**RISK FACTORS**

Please consider the following risk factors and other information in this prospectus relating to our business before deciding to invest in our common stock.

This offering and any investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and all of the information contained in this prospectus before deciding whether to purchase our common stock. If any of the following risks actually occur, our business, financial condition and results of operations could be harmed. The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment.

We consider the following to be the material risks for an investor regarding this offering. Our company should be viewed as a high-risk investment and speculative in nature. An investment in our common stock may result in a complete loss of the invested amount.

An investment in our common stock is highly speculative, and should only be made by persons who can afford to lose their entire investment in us. You should carefully consider the following risk factors and other information in this report before deciding to become a holder of our common stock. If any of the following risks actually occur, our business and financial results could be negatively affected to a significant extent.

**<u>Risks Relating to Our Company and Our Industry</u>**

**It is possible that our financial consulting services will not generate as much interest from potential clients as we anticipate.**

Although we constantly seek to modify our services in order to remain competitive, it is possible that our current available financial consulting services will not meet the needs of, or generate interest from, potential clients in our target demographic. As is typically the case, the needs of the marketplace see rapid shifts and evolutions. If we cannot appropriately anticipate what services will generate demand and market acceptance then we are likely to see fewer clients, and subsequently less revenue, than we anticipate. Market acceptance for our services may require substantial marketing efforts and the expenditure of significant funds, which we may not have available, to create awareness and demand among customers. If we cannot generate significant interest in the services we offer then it is possible that we may need to alter, or entirely change, our consulting services and it is possible that you may lose all or part of your investment.

**Our financial performance depends on our ability to develop awareness of our financial consulting services and we may not be successful in doing so.**

The continued development of awareness of the financial consulting services offered by our Company among our clients is critical to the continued acceptance and growth of our sales. If we are unable to continue to develop awareness of the services, this could negatively impact our company's ability to increase revenues and achieve profitability. The following are some of the factors that could prevent us from successfully continuing to develop awareness of the services:

● the emergence of more successful competitors;

● customer dissatisfaction with our services;

● failure to maintain or expand our brand.

**If our Company is dissolved, it is unlikely that there will be sufficient assets remaining to distribute to our shareholders.**

In the event of the dissolution of our Company, the proceeds realized from the liquidation of our assets, if any, will be used primarily to pay the claims of our creditors, if any, before there can be any distribution to the shareholders. In that case, the ability of purchasers of the offered shares to recover all or any portion of the purchase price for the offered shares will depend on the amount of funds realized and the claims to be satisfied there from.

**If we fail to meet client expectations we may be negatively affected.**

The risk of not meeting our clients' expectations may result in a failure to increase or secure our market share. Our clients may not be satisfied with the financial consulting services we intend to offer, therefore there is a chance that they may choose alternative service providers or other competitors. This may result in decreased revenue and a decreased market share.

**Our PCAOB Auditor, EliteCPA P.C., in their audit report dated June 16, 2025, has indicated that there is a substantial doubt about our ability to continue as a going concern.**

The company has not yet realized a source of revenue to cover its operating expenses. As a result, our PCAOB auditor has indicated that there is substantial doubt about our ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company's profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. Our financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from our majority shareholder, Ms. Jianing Yang. In the event that we require additional funding to finance the growth of the Company's current and expected future operations as well as to achieve our strategic objectives, the Company's majority shareholder has indicated her intent and ability to provide additional financing, but is under no obligation to do so. In the event that Ms. Jianing Yang does not provide additional financing, we may be forced to suspend or, in a worst case scenario, cease operations entirely.

[**Table of Contents**](#toc_001)

**At present, the Company has conducted minimal operations, and there can be no assurances that our planned operations will succeed.**

Currently, the operations of our Company have been limited to offering financial consulting services to Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports. There can be no assurances or guarantees, that our efforts to market and successfully obtain clients for our other financial consulting services will succeed. In the event that we cannot successfully complete our business objective you may lose all, or part, of your investment.

**Our intellectual property is not currently protected by trademarks, patents, or copyrights.**

If we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished, and our business may be adversely affected.

We have not filed for trademark, patent, or copyright protection. Third parties may knowingly or unknowingly infringe our proprietary rights, third parties may challenge proprietary rights held by us. Any future trademark and patent applications may not be approved.

In addition, effective intellectual property protection may not be available in every country in which we operate or intend to operate our business. In any or all of these cases, we may be required to expend significant time and expense in order to prevent infringement or to enforce our rights.

Although we have taken measures to protect our proprietary rights, including the use of encryption, there can be no assurance that others will not offer products or concepts that are substantially similar to ours and compete with our business. Any of these events could have an adverse effect on our business and financial results.

**Because we operate in a highly competitive industry, our revenues or profits could be harmed if we are unable to compete effectively.**

The consulting industry in which we operate is subject to intense competition. We compete against business consulting corporations which comparable services and operations, have an extensive operating history, have greater revenue and resources, amongst other advantages. If we cannot compete effectively we may not generate substantive revenue or profits which could negatively impact the value of our common stock.

**If we were to lose the services of Ms. Yang we may not be able to execute our business strategy.**

We currently depend on the continued services and performance of the key member of our management team, comprised solely of Jianing Yang. Her leadership has played an integral role in our company. The loss of the key member of our management team could disrupt our operations and have an adverse effect on our ability to grow our business. In addition, competition for senior executives and key personnel in our industry is intense, and we may be unable to retain our senior executives and key personnel or attract and retain new senior executives and key personnel in the future, in which case our business may be severely disrupted.

**If we are unable to hire qualified personnel and retain or motivate key personnel, we may not be able to grow effectively.**

Our future success depends on our continuing ability to identify, hire, develop, motivate and retain skilled personnel for all areas of our organization. Competition in our industry for qualified employees is very competitive. Our continued ability to compete effectively depends on our ability to attract new employees and to retain and motivate our existing employees.

[**Table of Contents**](#toc_001)

**Our principal executive offices are located in Australia and our Company has a non-U.S. resident Officer and Director. As such, it may be difficult to pursue legal action against our Company or Director.**

Due to the fact that our Company's executive office is located in Australia and our Company has non-U.S. resident Officers and Directors, the enforceability of civil liability provisions of U.S. federal securities laws against the company's Officers and Directors, and company assets located in foreign jurisdictions, will be limited if possible at all. Our stockholders would face difficulty in:

● effecting service of process within the United States on our officers;

● enforcing judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against our officers;

● enforcing judgments of U.S. courts based on civil liability provisions of the U.S. federal securities laws in foreign courts against our officers; and

● bringing an original action in foreign courts to enforce liabilities based on the U.S. federal securities laws against our officers.

**A decline in general economic conditions could have a material adverse effect on our business, financial condition and results of operations**.

Our operating and financial performance may be adversely affected by a variety of factors that influence the general economy. It is our opinion that in the event of an economic slowdown, spending habits of both consumers and businesses could be adversely affected and we could experience lower net sales than expected on a quarterly or annual basis which could have a material adverse effect on our business, financial condition and results of operations.

**We expect our quarterly financial results to fluctuate.**

We expect our revenue and operating results to vary significantly from quarter to quarter due to a number of factors, including changes in:

● General
 economic conditions;

● The
 number of clients for our financial consulting services;

● Our
 ability to retain, grow our business and attract new clients;

● Administrative
 costs;

● Advertising
 and other marketing costs.

As a result of the variability of these and other factors, our operating results in future quarters may be below the expectations of public market analysts and investors.

**Our President, Jianing Yang, owns and controls 100% of the voting power of our outstanding capital stock. If we sell 100% of the shares in this offering, Jianing Yang will own and control 71.43% of the voting power of our outstanding capital stock.**

Ms. Yang will have substantial voting power in all matters submitted to our stockholders for approval including:

● Election
 of our board of directors;

● Removal
 of any of our directors;

● Amendment
 of our Certificate of Incorporation or bylaws;

● Adoption
 of measures that could delay or prevent a change in control or impede a merger, takeover or other business combination involving
 us.

As a result of Ms. Yang's ownership in the Company she is able to control the outcome of all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. Ms. Yang's voting power 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.

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**The recently enacted JOBS Act will allow the Company to postpone the date by which it must comply with certain laws and regulations intended to protect investors and to reduce the amount of information provided in reports filed with the SEC.**

The recently enacted JOBS Act is intended to reduce the regulatory burden on "emerging growth companies". The Company meets the definition of an "emerging growth company" and so long as it qualifies as an "emerging growth company," it will, among other things:

-be exempt from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring that its independent registered public accounting firm provide an attestation report on the effectiveness of its internal control over financial reporting;

-be exempt from the "say on pay" provisions (requiring a non-binding shareholder vote to approve compensation of certain executive officers) and the "say on golden parachute" provisions (requiring a non-binding shareholder vote to approve golden parachute arrangements for certain executive officers in connection with mergers and certain other business combinations) of The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") and certain disclosure requirements of the Dodd-Frank Act relating to compensation of Chief Executive Officers;

-be permitted to omit the detailed compensation discussion and analysis from proxy statements and reports filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and instead provide a reduced level of disclosure concerning executive compensation; and

-be exempt from any rules that may be adopted by the Public Company Accounting Oversight Board (the "PCAOB") requiring mandatory audit firm rotation or a supplement to the auditor's report on the financial statements.

Although the Company is still evaluating the JOBS Act, it currently intends to take advantage of all of the reduced regulatory and reporting requirements that will be available to it so long as it qualifies as an "emerging growth company". The Company has elected not to opt out of the extension of time to comply with new or revised financial accounting standards available under Section 102(b)(1) of the JOBS Act. Among other things, this means that the Company's independent registered public accounting firm will not be required to provide an attestation report on the effectiveness of the Company's internal control over financial reporting so long as it qualifies as an "emerging growth company", which may increase the risk that weaknesses or deficiencies in the internal control over financial reporting go undetected. Likewise, so long as it qualifies as an "emerging growth company", the Company may elect not to provide certain information, including certain financial information and certain information regarding compensation of executive officers, which would otherwise have been required to provide in filings with the SEC, which may make it more difficult for investors and securities analysts to evaluate the Company. As a result, investor confidence in the Company and the market price of its common stock may be adversely affected.

Notwithstanding the above, we are also currently a "smaller reporting company", meaning that we are not an investment company, an asset-backed issuer, or a majority-owned subsidiary of a parent company that is not a smaller reporting company and have a public float of less than $75 million and annual revenues of less than $50 million during the most recently completed fiscal year. In the event that we are still considered a "smaller reporting company", at such time are we cease being an "emerging growth company", the disclosure we will be required to provide in our SEC filings will increase, but will still be less than it would be if we were not considered either an "emerging growth company" or a "smaller reporting company". Specifically, similar to "emerging growth companies", "smaller reporting companies" are able to provide simplified executive compensation disclosures in their filings; are exempt from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring that independent registered public accounting firms provide an attestation report on the effectiveness of internal control over financial reporting; and have certain other decreased disclosure obligations in their SEC filings, including, among other things, being required to provide only two years of audited financial statements in annual reports. Decreased disclosures in our SEC filings due to our status as an "emerging growth company" or "smaller reporting company" may make it harder for investors to analyze the Company's results of operations and financial prospects.

**We are an "emerging growth company" under the JOBS Act of 2012, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.**

We are an "emerging growth company," as defined in the JOBS Act, and we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth companies" including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

In addition, Section 107 of the JOBS Act also provides that an "emerging growth company" can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an "emerging growth company" can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We are choosing to take advantage of the extended transition period for complying with new or revised accounting standards. As a result, our financial statements may not be comparable to those of companies that comply with public company effective dates.

We will remain an "emerging growth company" for up to five years, although we will lose that status sooner if our revenues exceed $1.235 billion, if we issue more than $1 billion in non-convertible debt in a three year period, or if the market value of our common stock that is held by non-affiliates exceeds $700 million.

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**Due to the fact that our officers and directors conduct outside business activities the attention and efforts of our officers and directors are not solely focused upon Yellowstone Group Ltd.**

While our officer and director intends to devote as much time as necessary to the success and development of Yellowstone Group Ltd, however, Ms. Yang has outside interests that require a portion of her time every week. Currently Ms. Yang is prepared to dedicate 20 hours per week to the operations of Yellowstone Group Ltd. Although we believe her time, resources, and effort are allocated appropriately to allow for the Company's future success, there can be no guarantee that her priorities will not shift in the future. In the event that her outside interests begin to take precedence over her positions in Yellowstone Group Ltd the Company may not experience the growth and success that is anticipated. In this event either corrective action will have to be taken or, in a worst case scenario, investors could lose all or part of their investments.

**Due to the fact that we are a publicly reporting company we will continue to incur significant costs in staying current with reporting requirements. Our management will be required to devote substantial time to compliance initiatives. Additionally, the lack of an internal audit group may result in material misstatements to our financial statements and ability to provide accurate financial information to our shareholders.**

Our management and other personnel will need to devote a substantial amount of time to compliance initiatives to maintain reporting status. Moreover, these rules and regulations, which are necessary to remain as an SEC reporting Company, will be costly because an external third party consultant(s), attorney, or firm, may have to assist us in following the applicable rules and regulations for each filing on behalf of the company.

We currently do not have an internal audit group, and we may eventually need to hire additional accounting and financial staff with appropriate public company experience and technical accounting knowledge to have effective internal controls for financial reporting. Additionally, due to the fact that our officers and director have limited experience as an officer or director of a reporting company, such lack of experience may impair our ability to maintain effective internal controls over financial reporting and disclosure controls and procedures, which may result in material misstatements to our financial statements and an inability to provide accurate financial information to our stockholders.

Moreover, if we are not able to comply with the requirements or regulations as an SEC reporting company, in any regard, we could be subject to sanctions or investigations by the SEC or other regulatory authorities, which would require additional financial and management resources.

**<u>Risks Relating to the Company's Securities</u>**

**We do not intend to pay dividends on our common stock, so any returns to stockholders will be limited to the value of our common stock.**

We have no intention to declare or pay any cash dividend on our capital stock. We currently intend to retain any future earnings for the development, operation, and expansion of our business and do not expect to pay any dividends in the foreseeable future. In addition, any future debt agreements may preclude us from paying dividends. Any return to stockholders will therefore be limited to the appreciation of their stock. There is no guarantee that shares of our common stock will appreciate in value or even maintain the price at which stockholders have purchased their shares.

**Our securities have no prior market and an active trading market may not develop, which may cause our common stock to trade at a discount from the initial public offering price.**

Prior to this offering there has been no public market for our common stock. The initial public offering price for our common stock may not be indicative of the market price of our common stock after this offering. If you purchase shares of our common stock, you may not be able to resell those shares at or above the initial public offering price. We cannot predict the extent to which investor interest in us will lead to the development of an active trading market on or otherwise or how liquid that market might become. An active public market for our common stock may not develop or be sustained after the offering. If an active public market does not develop or is not sustained, it may be difficult for you to sell your shares of common stock at a price that is attractive to you, or at all.

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**Even if our shares become publicly quoted, your shares may not be "free-trading".**

Investors should understand that their shares of our common stock will not become "free-trading" merely because our Company is a publicly-quoted company. In order for the shares to become "free-trading," the shares must be registered, or entitled to an exemption from registration under applicable law. There is no assurance that the shares become "free-trading" and stockholders will be able to sell shares of our Common Stock when desired

**We may never have a public market for our common stock or may never trade on a recognized exchange. Therefore, you may be unable to liquidate your investment in our stock.**

There is no established public trading market for our securities. Our shares are not and have not been listed or quoted on any exchange or quotation system.

In order for our shares to be quoted, a market maker must agree to file an application with the Financial Industry Regulatory Authority (FINRA) to have our common stock quoted on the OTC Marketplace. In addition, it is possible that such application for quotation may not be approved and even if approved it is possible that a regular trading market will not develop or that if it did develop, will be sustained. In the absence of a trading market, an investor may be unable to liquidate their investment.

**There may be future sales of our securities or other dilution of our equity, which may adversely affect the market price of our common stock.**

We are generally not restricted from issuing additional common stock, including any securities that are convertible into or exchangeable for, or that represent the right to receive, common stock. The market price of our common stock could decline as a result of sales of common stock or securities that are convertible into or exchangeable for, or that represent the right to receive, common stock after this offering or the perception that such sales could occur.

**A large number of shares issued in this offering may be sold in the market following this offering, which may depress the market price of our common stock.**

A large number of shares issued in this offering may be sold in the market following this offering, which may depress the market price of our common stock. Sales of a substantial number of shares of our common stock in the public market following this offering could cause the market price of our common stock to decline. If there are more shares of common stock offered for sale than buyers are willing to purchase, then the market price of our common stock may decline to a market price at which buyers are willing to purchase the offered shares of common stock and sellers remain willing to sell the shares. All of the securities issued in the offering will be freely tradable without restriction or further registration under the Securities Act.

**We may, in the future, issue additional shares of our common stock, which may have a dilutive effect on our stockholders.**

Our Certificate of Incorporation authorizes the issuance of 75,000,000 shares of common stock, of which 20,000,000 shares are issued and outstanding as of the date of this filing. The future issuance of our common shares may result in substantial dilution in the percentage of our common shares held by our then existing stockholders. We may value any common stock issued in the future on an arbitrary basis. The issuance of common stock for future services or acquisitions or other corporate actions may have the effect of diluting the value of the shares held by our investors, and might have an adverse effect on any trading market for our common stock.

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**<u>Risks Relating to this Offering</u>**

**Investors cannot withdraw funds once invested and will not receive a refund.**

Investors do not have the right to withdraw invested funds. Subscription payments will be paid to Yellowstone Group Ltd and held in our corporate bank account if the Subscription Agreements are in good order and the Company accepts the investor's investment. Therefore, once an investment is made, investors will not have the use or right to return of such funds.

**Risk of losing one's investment.**

If our securities are not eligible for initial quotation, or if quoted, are not eligible for continued quotation on the OTC Marketplace, or a public trading market does not develop, purchasers of the shares of common stock may have difficulty selling or be unable to sell their securities, rendering their shares effectively worthless and resulting in a partial or complete loss of their investment.

**Our Chief Executive Officer and sole Member of our Board of Directors Ms. Jianing Yang does not have any prior experience conducting a best effort offering, and our best efforts offering does not require a minimum amount to be raised. As a result, we may not be able to raise enough funds to commence and sustain our business and our investors may lose their entire investment.**

Ms. Yang does not have any experience conducting a best-efforts offering. Consequently, we may not be able to raise the funds needed to commence business operations. Also, the best efforts offering does not require a minimum amount to be raised. If we are not able to raise sufficient funds, we may not be able to fund our operations as planned, and our business will suffer and your investment may be materially adversely affected. Our inability to successfully conduct a best-efforts offering could be the basis of your losing your entire investment in us.

**The trading in our shares will be regulated by the Securities and Exchange Commission Rule 15G-9 which established the definition of a "Penny Stock."**

The shares being offered are defined as a penny stock under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), and rules of the Commission. The Exchange Act and such penny stock rules generally impose additional sales practice and disclosure requirements on broker-dealers who sell our securities to persons other than certain accredited investors who are, generally, institutions with assets in excess of $4,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 ($300,000 jointly with spouse), or in transactions not recommended by the broker-dealer. For transactions covered by the penny stock rules, a broker dealer must make certain mandated disclosures in penny stock transactions, including the actual sale or purchase price and actual bid and offer quotations, the compensation to be received by the broker-dealer and certain associated persons, and must deliver certain disclosures required by the Commission. Consequently, the penny stock rules may make it difficult for you to resell any shares you may purchase.

**We are selling the shares of this offering without an underwriter and may be unable to sell any shares.**

This offering is self-underwritten, which means that we are not going to engage the services of an underwriter to sell the shares. We intend to sell our shares through our Chief Executive Officer Ms. Jianing Yang, who will receive no commission. There is no guarantee that she will be able to sell any of the shares. Unless she is successful in selling all of the shares of our Company's offering, we may have to seek alternative financing to implement our business plan.

**Due to the lack of a trading market for our securities, you may have difficulty selling any shares you purchase in this offering.**

We are not registered on any market or public stock exchange. There is presently no demand for our common stock and no public market exists for the shares being offered in this prospectus. We plan to contact a market maker immediately following the completion of the offering and apply to have the shares quoted on the OTCQB. The OTCQB is a regulated quotation service that display real-time quotes, last sale prices and volume information in over-the-counter securities. The OTCQB is not an issuer listing service, market or exchange. Although the OTCQB does not have any listing requirements per se, to be eligible for quotation on the OTCQB, issuers must remain current in their filings with the SEC or applicable regulatory authority. If we are not able to pay the expenses associated with our reporting obligations we will not be able to apply for quotation on the OTCQB. Market makers are not permitted to begin quotation of a security whose issuer does not meet this filing requirement. Securities already quoted on the OTCQB that become delinquent in their required filings will be removed following a 30 to 60 day grace period if they do not make their required filing during that time. We cannot guarantee that our application will be accepted or approved and our stock listed and quoted for sale. As of the date of this filing, there have been no discussions or understandings between the Company and anyone acting on our behalf, with any market maker regarding participation in a future trading market for our securities. If no market is ever developed for our common stock, it will be difficult for you to sell any shares you purchase in this offering. In such a case, you may find that you are unable to achieve any benefit from your investment or liquidate your shares without considerable delay, if at all. In addition, if we fail to have our common stock quoted on a public trading market, your common stock will not have a quantifiable value and it may be difficult, if not impossible, to ever resell your shares, resulting in an inability to realize any value from your investment.

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**If our common stock becomes quoted and a market for the stock develops, the actual price of our shares will be determined by prevailing market prices at the time of the sale.**

We cannot assure you that there will be a market in the future for our common stock. The trading of securities on the OTCQB is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock. You may not be able to sell your shares at their purchase price or at any price at all. Accordingly, you may have difficulty reselling any shares you purchase from the selling security holders.

**In the event that our shares are traded, they may trade under $5.00 per share and thus will be a penny stock. Trading in penny stocks has many restrictions and these restrictions could severely affect the price and liquidity of our shares.**

In the event that our shares are traded, and our stock trades below $5.00 per share, our stock would be known as a "penny stock", which is subject to various regulations involving disclosures to be given to you prior to the purchase of any penny stock. The U.S. Securities and Exchange Commission (the "SEC") has adopted regulations which generally define a "penny stock" to be any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. Depending on market fluctuations, our common stock could be considered to be a "penny stock". A penny stock is subject to rules that impose additional sales practice requirements on broker/dealers who sell these securities to persons other than established Members and accredited investors. For transactions covered by these rules, the broker/dealer must make a special suitability determination for the purchase of these securities. In addition, he must receive the purchaser's written consent to the transaction prior to the purchase. He must also provide certain written disclosures to the purchaser. Consequently, the "penny stock" rules may restrict the ability of broker/dealers to sell our securities, and may negatively affect the ability of holders of shares of our common stock to resell them. These disclosures require you to acknowledge that you understand the risks associated with buying penny stocks and that you can absorb the loss of your entire investment. Penny stocks are low priced securities that do not have a very high trading volume. Consequently, the price of the stock is often volatile and you may not be able to buy or sell the stock when you want to.

**We will incur ongoing costs and expenses for SEC reporting and compliance. Without revenue we may not be able to remain in compliance, making it difficult for investors to sell their shares, if at all.**

The estimated cost of this registration statement is approximately $27,000. After the effective date of this prospectus, we will be required to file annual, quarterly and current reports, or other information with the SEC as provided by the Securities Exchange Act. We plan to contact a market maker immediately following the close of the offering and apply to have the shares quoted on the OTCQB. To be eligible for quotation, issuers must remain current in their filings with the SEC. In order for us to remain in compliance we will require future revenues to cover the cost of these filings, which could comprise a substantial portion of our available cash resources. The costs associated with being a publicly traded company in the next 12 months will be approximately $30,000. If we are unable to generate sufficient revenues to remain in compliance it may be difficult for you to resell any shares you may purchase, if at all. Also, if we are not able to pay the expenses associated with our reporting obligations we will not be able to apply for quotation on the OTCQB.

**If our common stock becomes listed or quoted and a market for the stock develops, the actual price of our shares will be determined by prevailing market prices at the time of the sale.**

We cannot assure you that there will be a market in the future for our common stock. The trading of securities on the OTCQB is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock. You may not be able to sell your shares at their purchase price or at any price at all. Accordingly, you may have difficulty reselling any shares you purchase from the selling security holders.

**Investing in our company is highly speculative and could result in the entire loss of your investment.**

Purchasing the offered shares is highly speculative and involves significant risk. The offered shares should not be purchased by any person who cannot afford to lose their entire investment. Our business objectives are also speculative, and it is possible that we would be unable to accomplish them. Our shareholders may be unable to realize a substantial or any return on their purchase of the offered shares and may lose their entire investment. For this reason, each prospective purchaser of the offered shares should read this prospectus and all of its exhibits carefully and consult with their attorney, business and/or investment advisor.

**Because we have 75,000,000 authorized shares of common stock, management could issue additional shares, diluting the current shareholders' equity.**

We are authorized to issue an aggregate of 75,000,000 shares of common stock, par value $0.0001 per share, of which only 20,000,000 are currently issued and outstanding. Our management could, without the consent of the existing shareholders, issue substantially more shares, causing a large dilution in the equity position of our current shareholders. Additionally, large share issuances would generally have a negative impact on our share price. It is possible that, due to additional share issuance, you could lose a substantial amount, or all, of your investment.

**Because there is no public trading market for our common stock, you may not be able to resell your stock.**

We intend to apply to have our common stock quoted on the OTC Market Group's OTCQB Marketplace ("OTCQB"). This process takes at least 60 days and the application must be made on our behalf by a market maker. Our stock may be quoted or traded only to the extent that there is interest by broker-dealers in acting as a market maker. Despite our best efforts, we may not be bale to convince any broker/dealers to act as market-makers and make quotations via the OTCQB. We may consider pursuing a quotation on the OTCQB after this registration becomes effective and we have completed our offering.

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**The Company is electing to not opt out of JOBS Act extended accounting transition period. This may make its financial statements more difficult to compare to other companies.**

**Pursuant to the JOBS Act of 2012, as an emerging growth company the Company can elect to opt out of the extended transition period for any new or revised accounting standards that may be issued by the PCAOB or the SEC. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the standard for the private company. This may make comparison of the Company's financial statements with any other public company which is not either an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible as possible different or revised standards may be used.**

Emerging Growth Company

The recently enacted JOBS Act is intended to reduce the regulatory burden on emerging growth companies. The Company meets the definition of an emerging growth company and so long as it qualifies as an "emerging growth company," it will, among other things:

● be
 temporarily exempted from the internal control audit requirements Section 404(b) of the Sarbanes-Oxley Act;

● be
 temporarily exempted from various existing and forthcoming executive compensation-related disclosures, for example: "say-on-pay",
 "pay-for-performance", and "CEO pay ratio";

● be
 temporarily exempted from any rules that might be adopted by the Public Company Accounting Oversight Board requiring mandatory audit
 firm rotation or supplemental auditor discussion and analysis reporting;

● be
 temporarily exempted from having to solicit advisory say-on-pay, say-on-frequency and say-on-golden-parachute shareholder votes on
 executive compensation under Section 14A of the Securities Exchange Act of 1934, as amended;

● be
 permitted to comply with the SEC's detailed executive compensation disclosure requirements on the same basis as a smaller reporting
 company; and,

● be
 permitted to adopt any new or revised accounting standards using the same timeframe as private companies (if the standard applies
 to private companies).

Our company will continue to be an emerging growth company until the earliest of:

● the
 last day of the fiscal year during which we have annual total gross revenues of $1.235 billion or more;

● the
 last day of the fiscal year following the fifth anniversary of the first sale of our common equity securities in an offering registered
 under the Securities Act;

● the
 date on which we issue more than $1 billion in non-convertible debt securities during a previous three-year period; or

● the
 date on which we become a large accelerated filer, which generally is a company with a public float of at least $700 million (Exchange
 Act Rule 12b-2).

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**SUMMARY OF OUR FINANCIAL INFORMATION**

The following table sets forth selected financial information, which should be read in conjunction with the information set forth in the "Management's Discussion and Analysis" section and the accompanying financial statements and related notes included elsewhere in this Prospectus.

**YELLOWSTONE GROUP LTD**

**BALANCE SHEET**

---

| | |
|:---|:---|
|  | **As of March 31,**<br>**2025**<br>**US$** |
| **ASSETS** |  |
| **Current assets** |  |
| Cash and cash equivalents | 8455 |
| Total current assets | 8455 |
| **Non - current asset** |  |
| Property and equipment, net | 4680 |
| Total non - current asset | 4680 |
| **TOTAL ASSETS** | **13135** |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |
| **Current liabilities** |  |
| Accounts payable | 8500 |
| Amounts due to a related party | 5455 |
| Total current liabilities | 13955 |
| **TOTAL LIABILITIES** | **13955** |
| **Stockholders' deficit:** |  |
| Common stock, Par value $0.0001; Authorized: 75,000,000 shares; Issued and outstanding: 20,000,000 shares as of March 31, 2025 | 2000 |
| Accumulated deficit | (2820) |
| Total stockholders' deficit | (820) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT** | **13135** |

---

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**YELLOWSTONE GROUP LTD**

**STATEMENTS OF OPERATIONS**

---

| | |
|:---|:---|
|  | **From July 8, 2024 (Date of Inception)**<br>**to March 31, 2025**<br>**US$** |
| **Revenue** | 6500 |
| **Operating expenses:** |  |
| General and administrative expenses | (9320) |
| **Total operating expenses** | **(9320)** |
| **Loss from operations** | **(2820)** |
| **Loss before income taxes** | **(2820)** |
| **Net loss** | **(2820)** |
| **Net loss attributable to ordinary shareholders** | **(2820)** |
| **Net loss per ordinary share:** |  |
| basic and diluted | (0.0014) |
| **Weighted average shares used in calculating net loss per ordinary share:** |  |
| Basic and diluted | 2022472 |

---

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

The following table sets forth our capitalization and indebtedness as at March 31, 2025 and on an as adjusted basis, to reflect the sale of 8,000,000 shares of our common stock at a price of $0.015 per share, assuming all shares are sold and net proceeds of $93,000 are received after deducting estimated offering expenses of $27,000.

---

| | | |
|:---|:---|:---|
|  | **As at March 31, 2025** | **As at March 31, 2025** |
|  | **Actual** | **As Adjusted** |
| **Current liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | 8500 | 8500 |
| &nbsp;&nbsp;&nbsp;Amounts due to a related party | 5455 | 5455 |
| Total current liabilities | 13955 | 13955 |
| **Total liabilities** | 13955 | 13955 |
| **Stockholders' equity** |  |  |
| &nbsp;&nbsp;&nbsp;Common stock | 2000 | 2800 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | 0 | 92200 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | -2820 | -2820 |
| &nbsp;&nbsp;&nbsp;Total stockholders' equity | -820 | 92180 |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | 13135 | 106135 |

---

The table above reflects our capitalization on an actual basis as of March 31, 2025, and as adjusted to give effect to the sale of 8,000,000 shares of common stock in this offering at $0.015 per share and the application of the estimated net proceeds as described in "Use of Proceeds." The as adjusted information is illustrative only and will vary depending on the actual number of shares sold and offering expenses incurred.

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**MANAGEMENT'S DISCUSSION AND ANALYSIS**

The Company was incorporated on July 08, 2024. Our cash and cash equivalents are $8,455 and our cash and bank balance is not sufficient to fund our limited levels of operations for any period of time. In order to continue our current business plan and increase our current level of operations for the next twelve-month period, we require further funding.

**<u>Results of operations from July 08, 2024 (Date of Inception) to March 31, 2025</u>**

***Revenues***

From July 08, 2024 (Date of Inception) to March 31, 2025, the Company generated revenue in the amount of $6,500. The revenue was generated as a result of the Company having provided financial consulting services to two Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets

***General and Administrative Expenses***

From July 08, 2024 (Date of Inception) to March 31, 2025, the Company had general and administrative expenses in the amount of $9,320. These were primarily comprised of bank charges and professional fees.

***Net Loss***

Our net loss from July 08, 2024 (Date of Inception) to March 31, 2025 was $2,820.

**Liquidity and Capital Resources**

***Cash Provided by Operating Activities***

Net cash provided by operating activities was $11,910 from July 08, 2024 (Date of Inception) to March 31, 2025. Cash provided by operating activities was attributable to increases in the amount due to our director and accrued liabilities.

***Cash Used In Investing Activity***

For the period ended March 31, 2025, the Company had realized "cash used in investing activity" of $5,455. The cash used in investing activity was attributable to the purchase of plant and equipment.

***Cash Provided by Financing Activity***

For the period ended March 31, 2025, the Company had realized "cash from financing activities" of $7,455, of which $2,000 was from the issuance of shares and $5,455 was from related-party loans.

***Off-Balance Sheet Arrangements***

The Company has no off-balance sheet arrangements.

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**INDUSTRY OVERVIEW**

This section includes market and industry data that we have developed from publicly available information; various industry publications and other published industry sources and our internal data and estimates. Although we believe the publications and reports are reliable, we have not independently verified the data. Our internal data, estimates and forecasts are based upon information obtained from trade and business organizations and other contacts in the market in which we operate and our management's understanding of industry conditions.

As of the date of the preparation of this section, these and other independent government and trade publications cited herein are publicly available on the Internet without charge. Upon request, the Company will also provide copies of such sources cited herein.

**<u>Industry overview</u>**

Yellowstone Group Ltd (herein referred as the "Company") primarily operates in Australia and New Zealand's Financial Consulting Industry. The Company offers financial consulting services to small Australian and New Zealand companies with limited resources and annual turnover of less than $1 million USD, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

The financial consulting industry plays a critical role in assisting businesses with specialized services that ensure regulatory compliance and accurate financial reporting. Within this industry, the preparation of annual and quarterly financial statements and reports is a core service, particularly for companies engaged in international capital markets such as the U.S. OTC markets.

Companies listed on the U.S. OTC markets are required to meet stringent regulatory and reporting standards established by the U.S. Securities and Exchange Commission (SEC). This includes the accurate and timely preparation of financial statements and periodic reports, which are vital for maintaining compliance, fostering transparency, and attracting investor confidence. These requirements are complex, requiring a high level of expertise in financial reporting and familiarity with U.S. regulatory frameworks.

In Australia and New Zealand, demand for financial consulting services tailored to small companies has grown significantly. Many businesses in these regions aim to access U.S. capital markets to enhance their global presence but often lack the internal resources or expertise to navigate the intricate regulatory landscape. Financial consulting firms play a vital role in supporting these businesses, ensuring their financial documents are prepared in compliance with SEC standards and enabling them to compete effectively in international markets.

Yellowstone Group Ltd operates within this niche segment of the financial consulting industry, offering services exclusively focused on the preparation of annual and quarterly financial statements and reports for small companies. By addressing the specific needs of businesses with limited resources and annual turnover of less than $1 million USD, the Company provides the expertise required to meet U.S. regulatory standards.

Through its specialized services, Yellowstone Group Ltd empowers small Australian and New Zealand companies to meet their financial reporting obligations, maintain regulatory compliance, and establish a strong presence in the U.S. OTC markets. This targeted focus not only enhances the Company's value proposition but also reinforces its commitment to supporting small businesses in achieving global success.

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**FORWARD LOOKING STATEMENTS**

This prospectus contains forward-looking statements that involve risk and uncertainties. We use words such as "anticipate", "believe", "plan", "expect", "future", "intend", and similar expressions to identify such forward-looking statements. Investors should be aware that all forward-looking statements contained within this filing are good faith estimates of management as of the date of this filing. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us as described in the "Risk Factors" section and elsewhere in this prospectus.

**DESCRIPTION OF BUSINESS**

***Corporate History***

**The Company**

Yellowstone Group Ltd, a Nevada corporation ("the Company") was incorporated under the laws of the State of Nevada on July 08, 2024.

On July 08, 2024, Ms. Jianing Yang was appointed as President, Secretary, Treasurer, Chief Executive Officer, and Director.

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

Yellowstone Group Ltd offers financial consulting services to small Australian and New Zealand companies with limited resources and annual turnover of less than $1 million USD, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

**<u>Business Overview</u>**

Yellowstone Group Ltd is headquartered in Sydney, Australia. We provide financial consulting services to small Australian and New Zealand companies with limited resources and annual turnover of less than $1 million USD, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

**<u>Business & Revenue Model</u>**

Yellowstone Group Ltd operates on a service-based business model designed to meet the financial reporting needs of small companies with limited resources and annual turnover of less than $1 million USD. The Company primarily serves Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets, offering specialized financial consulting services under annual service agreements.

Under these agreements, Yellowstone Group Ltd provides the following services:

&nbsp;&nbsp;&nbsp;&nbsp;1. Three
 Quarterly Financial Statements and Reports:

Each quarter, the Company prepares detailed financial statements and reports that accurately reflect its clients' financial performance and position. These reports are crafted to meet the stringent requirements of the U.S. Securities and Exchange Commission (SEC) and the U.S. OTC markets, ensuring full regulatory compliance and transparency for investors.

&nbsp;&nbsp;&nbsp;&nbsp;2. One
 Annual Financial Statement and Report:

At the close of each fiscal year, Yellowstone Group Ltd delivers a comprehensive annual report, including financial statements and required disclosures such as Management's Discussion and Analysis. This report is fully compliant with SEC regulations and the requirements of the U.S. OTC markets, and it provides a complete overview of the company's financial performance for the year.

To date, we have entered into an annual service agreement with one of our two clients. With our other client, we have entered into separate one-off service agreements on a quarterly basis rather than a single annual agreement. These quarterly agreements define the scope of services to be performed and the fees payable for each period

We do not provide audited financial statements or audit reports. Our services are limited to the preparation of unaudited management accounts to assist our clients with their periodic reporting needs. Independent, PCAOB-registered accounting firms engaged by our clients are responsible for auditing these financial statements and issuing any audit opinions required for SEC filings.

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This business model is designed to address the unique challenges faced by small companies with limited resources. By partnering with Yellowstone Group Ltd, clients gain access to expert support in navigating the complexities of SEC compliance and financial reporting, allowing them to focus on their core operations while ensuring adherence to regulatory standards.

For Yellowstone Group Ltd, this approach ensures predictable revenue streams through recurring annual service agreements and fosters strong, long-term client relationships. By specializing exclusively in the preparation of annual and quarterly financial statements and reports for small companies, the Company has established itself as a trusted partner for businesses aiming to succeed in the competitive U.S. OTC markets.

**<u>Pricing</u>**

Yellowstone Group Ltd provides its financial consulting services through an annual service agreement that includes the preparation of financial statements and reports. The pricing structure is as follows:

● Quarterly Financial Statements and Reports:

$5,000 USD per report.

Three reports per year, totaling $15,000 USD.

● Annual Financial Statement and Report:

$7,000 USD per report.

● Total Cost:

Combined, the total cost for the annual service agreement is $22,000 USD per client.

This straightforward pricing plan ensures clients receive comprehensive, high-quality financial reporting services that align with the stringent regulatory standards of the U.S. OTC markets.

**<u>Marketing</u>**

Yellowstone Group Ltd recognizes that word-of-mouth is a particularly effective marketing tool in the financial consulting industry. The Company is committed to maintaining and enhancing client satisfaction to strengthen its referral network and drive organic growth through positive client experiences.

The Company also intends to increase its marketing efforts by leveraging the personal networks and industry association channels of its President. While specific channels have not yet been fully identified, the President plays a key role in expanding the Company's reach by utilizing professional connections, social networks, and referrals from existing clients.

Additionally, we plan to bolster our professional reputation and image by showcasing our knowledge and industry expertise through marketing campaigns across various media platforms, including our website at www.yellowstones.net. We also intend to launch a social media campaign utilizing Blogs, Twitter, Facebook, and LinkedIn. A targeted campaign will focus on small companies with limited resources and annual turnover of less than $1 million USD. At this point in time, we cannot state with certainty when we will commence the aforementioned marketing activities.

**<u>Industry Competition</u>**

The financial consulting industry is highly competitive, with firms ranging from large, multinational organizations to smaller, specialized consulting companies. Within this industry, competition is driven by factors such as pricing, expertise, service quality, client relationships, and the ability to navigate complex regulatory environments.

Yellowstone Group Ltd operates within a niche segment of the financial consulting industry, focusing exclusively on small Australian and New Zealand companies with limited resources and an annual turnover of less than $1 million USD that are listed or seeking to list on the U.S. OTC markets. This specialization allows the Company to differentiate itself by offering tailored services, including the preparation of annual and quarterly financial statements and reports, which are specifically designed to meet the stringent regulatory requirements of the U.S. Securities and Exchange Commission (SEC) and the U.S. OTC markets.

The Company faces competition from various sources, including:

● **Large Multinational Consulting Firms:** These firms offer a broad range of financial consulting services and often cater to a wide client base, including larger companies. While they may possess extensive resources and brand recognition, their services may not be as cost-effective or specialized for small businesses.

● **Regional and Boutique Consulting Firms:** Smaller firms operating in Australia and New Zealand may compete directly with Yellowstone Group Ltd by offering similar financial consulting services. These firms often rely on personalized client relationships and local market knowledge to attract business.

● **In-House Teams:** Some small companies may choose to handle financial reporting internally, often relying on existing staff or hiring specialized personnel. However, this approach may not be cost-effective or efficient for companies that lack sufficient resources or expertise in complying with SEC regulations and U.S. OTC market requirements.

Despite the competitive landscape, Yellowstone Group Ltd leverages its deep understanding of the unique needs of small businesses, its expertise in U.S. OTC market compliance, and its commitment to high-quality service to maintain a competitive edge. By focusing on its niche and delivering exceptional value to its clients, the Company is well-positioned to compete effectively in this specialized segment of the financial consulting industry.

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**<u>Future Plans</u>**

Yellowstone Group Ltd is committed to growth and innovation as it continues to provide specialized financial consulting services to small Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets. The Company's future plans are centered on the following key objectives:

&nbsp;&nbsp;&nbsp;&nbsp;1. **Expand Client Base:** 

<br> Yellowstone Group Ltd aims to increase its market share by reaching more small businesses in Australia and New Zealand that require financial reporting services. Through targeted marketing initiatives, referrals, and leveraging professional networks, the Company plans to grow its client portfolio while maintaining its focus on businesses with an annual turnover of less than $1 million USD.

&nbsp;&nbsp;&nbsp;&nbsp;2. **Enhance Service Offerings:** 

<br> While maintaining its specialization in the preparation of annual and quarterly financial statements and reports, the Company plans to explore additional value-added services. These may include tailored consulting on improving financial management processes, optimizing reporting efficiency, or addressing specific client challenges related to U.S. OTC market compliance.

&nbsp;&nbsp;&nbsp;&nbsp;3. **Foster Long-Term Client Relationships:** 

<br> The Company is dedicated to building and maintaining strong, long-term relationships with its clients by continuously improving service quality, responsiveness, and customer satisfaction.

&nbsp;&nbsp;&nbsp;&nbsp;4. **Expand Geographic Reach:** 

<br> While focusing primarily on Australia and New Zealand, the Company may explore opportunities to extend its services to similar markets in other regions, particularly those with companies seeking expertise in U.S. OTC market compliance.

To achieve these objectives, we believe we will need to hire additional employees to implement the aforementioned plan effectively. Expanding our team will ensure we have the necessary resources and expertise to meet the growing demands of our clients and execute our growth strategies successfully.

**<u>Employees</u>**

As of March 31, 2025, we have one employee which is our President and sole director, Ms. Jianing Yang. Currently, Ms. Yang has the flexibility to work on our business up to 20 hours per week, but is prepared to devote more time if necessary. The Company intends to employ 2 employees by the end of 2025, with 1 employee designated to administration and 1 professionals to providing financial consulting services. It is the intention of the Company to focus on hiring employees who possess industry-recognized qualifications, are primarily recruited from reputable institutions in the financial consulting industry and have an average of approximately 5 years of industry experience.

We do not presently have pension, health, annuity, insurance, stock options, profit sharing, or similar benefit plans; however, we may adopt plans in the future. There are presently no personal benefits available to our employee, Officer and/or Director.

**<u>Government Regulations</u>**

Yellowstone Group Ltd solely provides financial consulting services and does not engage in the distribution of financial products, such as insurance or investment products. To the best of our knowledge, we are not required to obtain any specific licenses beyond standard business registration licenses in the jurisdictions where we intend to operate.

We are committed to complying with all applicable laws and regulations in the regions where we conduct business. Should regulatory requirements change or new licensing obligations arise in the future, Yellowstone Group Ltd will take the necessary steps to ensure full compliance.

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**USE OF PROCEEDS**

Our offering is being made on a self-underwritten basis: no minimum number of shares must be sold in order for the offering to proceed. The offering price per share is $0.015. The following table sets forth the uses of proceeds assuming the sale of 100%, 75%, 50% and 25% of the securities offered for sale by the Company. There is no assurance that we will raise the full $120,000 as anticipated.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Next 12 months (Planned Actions)** | **If 2,000,000 shares<br> (25%) are sold:** | **If 4,000,000 shares<br> (50%) are sold:** | **If 6,000,000 shares<br> (75%) are sold:** | **If 8,000,000 shares<br> (100%) are sold:** |
| **Staffing** | $- | $11000 | $21000 | $31000 |
| **Advertising and Marketing Expenses** | $- | $11000 | $21000 | $31000 |
| **Funding for Day to Day Operations** | $3000 | $11000 | $21000 | $31000 |
| **Offering Expenses** | $27000 | $27000 | $27000 | $27000 |
| **TOTALS** | $30000 | $60000 | $90000 | $120000 |

---

The above figures represent only estimated costs for the next 12 months. Funds may be allocated in differing quantities should the Company decide at a later date it would be in the Company's best interests.

The Company estimates the costs of this offering at about $27,000. All expenses incurred in this offering are being paid for by the Company. The Company will utilize offering proceeds from this offering to pay for any offering expenses however, the Company may also elect to use available existing cash on hand to pay for any offering expenses.

**DETERMINATION OF OFFERING PRICE**

Since our shares are not listed or quoted on any exchange or quotation system, the offering price of the shares of common stock was arbitrarily determined. The offering price was determined by us and is based on our own assessment of our financial condition and prospects, limited offering history, and the general condition of the securities market. It does not necessarily bear any relationship to our book value, assets, past operating results, financial condition or any other established criteria of value. Although our common stock is not listed or quoted on a public exchange, we will be filing to obtain a listing on the OTCQB concurrently with the filing of this prospectus. In order to be quoted on the OTCQB, a market maker must file an application on our behalf in order to make a market for our common stock.

There is no assurance that our common stock will trade at market prices in excess of the initial public offering price as prices for the common stock in any public market which may develop will be determined in the marketplace and may be influenced by many factors, including the depth and liquidity of the market for the common stock, investor perception of us and general economic and market conditions.

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**DILUTION**

The price of the current offering is fixed at $0.015 per share.

Dilution represents the difference between the offering price and the net tangible book value per share immediately after completion of this offering. Net tangible book value is the amount that results from subtracting total liabilities and intangible assets from total assets. Dilution arises mainly as a result of our arbitrary determination of the offering price of the shares being offered. Dilution of the value of the shares you purchase is also a result of the lower book value of the shares held by our existing stockholders. The following tables compare the differences of your investment in our shares with the investment of our existing stockholders.

The following table illustrates the dilution to the purchasers of the common stock in this offering.

Note: "Net increase to original shareholder" below is based upon a par value of $0.0001.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | (25% of the shares are sold in the offering) | (50% of the shares are sold in the offering | (75% of the shares are sold in the offering) | (100% of the shares are sold in the offering) |
| Offering Price Per Share | $0.015 | $0.015 | $0.015 | $0.015 |
| Book Value Per Share Before the Offering | $(0.00004) | $(0.00004) | $(0.00004) | $(0.00004) |
| Book Value Per Share After the Offering | $0.0013 | $0.0025 | $0.0034 | $0.0043 |
| Net Increase to Original Shareholder | $0.0014 | $0.0025 | $0.0035 | $0.0043 |
| Decrease in Investment to New Shareholders | $0.0137 | $0.0125 | $0.0116 | $0.0107 |
| Dilution to New Shareholders (%) | 91.16% | 83.56% | 77.13% | 71.62% |

---

Net Value Calculation

If 100% of the shares in the offering are sold

---

| | |
|:---|:---|
| Numerator: |  |
| &nbsp;&nbsp;&nbsp;Net tangible book value before the offering | $(820) |
| &nbsp;&nbsp;&nbsp;Net proceeds from this offering | 120000 |
|  | $119180 |
| Denominator: |  |
| &nbsp;&nbsp;&nbsp;Shares of common stock outstanding prior to this offering | 20000000 |
| &nbsp;&nbsp;&nbsp;Shares of common stock to be sold in this offering (100%) | 8000000 |
|  | 28000000 |

---

Net Value Calculation

If 75% of the shares in the offering are sold

---

| | |
|:---|:---|
| Numerator: |  |
| &nbsp;&nbsp;&nbsp;Net tangible book value before the offering | $(820) |
| &nbsp;&nbsp;&nbsp;Net proceeds from this offering | 90000 |
|  | $89180 |
| Denominator: |  |
| &nbsp;&nbsp;&nbsp;Shares of common stock outstanding prior to this offering | 20000000 |
| &nbsp;&nbsp;&nbsp;Shares of common stock to be sold in this offering (75%) | 6000000 |
|  | 26000000 |

---

Net Value Calculation

If 50% of the shares in the offering are sold

---

| | |
|:---|:---|
| Numerator: |  |
| &nbsp;&nbsp;&nbsp;Net tangible book value before the offering | $(820) |
| &nbsp;&nbsp;&nbsp;Net proceeds from this offering | 60000 |
|  | $59180 |
| Denominator: |  |
| &nbsp;&nbsp;&nbsp;Shares of common stock outstanding prior to this offering | 20000000 |
| &nbsp;&nbsp;&nbsp;Shares of common stock to be sold in this offering (50%) | 4000000 |
|  | 24000000 |

---

Net Value Calculation

If 25% of the shares in the offering are sold

---

| | |
|:---|:---|
| Numerator: |  |
| &nbsp;&nbsp;&nbsp;Net tangible book value before the offering | $(820) |
| &nbsp;&nbsp;&nbsp;Net proceeds from this offering | 30000 |
|  | $29180 |
| Denominator: |  |
| &nbsp;&nbsp;&nbsp;Shares of common stock outstanding prior to this offering | 20000000 |
| &nbsp;&nbsp;&nbsp;Shares of common stock to be sold in this offering (25%) | 2000000 |
|  | 22000000 |

---

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**PLAN OF DISTRIBUTION**

The Company has 20,000,000 shares of common stock issued and outstanding as of the date of this prospectus. Pursuant to this offering the Company is registering 8,000,000 shares of its common stock for sale at the fixed price of $0.015 per share for the duration of the offering.

There is no arrangement to address the possible effect of the offering on the price of the stock.

In connection with the Company's selling efforts in the offering, our Chief Executive Officer will not register as a broker-dealer pursuant to Section 15 of the Exchange Act, but rather will rely upon the "safe harbor" provisions of SEC Rule 3a4-1, promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Generally speaking, Rule 3a4-1 provides an exemption from the broker-dealer registration requirements of the Exchange Act for persons associated with an issuer that participate in an offering of the issuer's securities. Our Chief Executive Officer is not subject to any statutory disqualification, as that term is defined in Section 3(a)(39) of the Exchange Act. Our Chief Executive Officer, Ms. Yang, will not be compensated in connection with his participation in the offering by the payment of commissions or other remuneration based either directly or indirectly on transactions in our securities. Ms. Yang has not, nor has he been within the past 12 months, a brokers or dealer, and he has not, nor has been within the past 12 months, an associated person of a broker or dealer. At the end of the offering, our Chief Executive Officer will continue to primarily perform substantial duties for the Company or on its behalf otherwise than in connection with transactions in securities. Our Chief Executive Officer will not participate in selling an offering of securities for any issuer more than once every 12 months other than in reliance on Exchange Act Rule 3a4-1(a)(4)(i) or (iii).

The Company will receive all proceeds from the sale of the 8,000,000 shares being offered on behalf of the Company itself. The price per share is fixed at $0.015 for the duration of this offering. Although our common stock is not listed or quoted on a public exchange or quoted over-the counter, we intend to seek to have our shares of common stock quoted on the OTC Marketplace. In order to be quoted on the OTC Marketplace a market maker must file an application on our behalf in order to make a market for our common stock. There can be no assurance that a market maker will agree to file the necessary documents with FINRA, nor can there be any assurance that such an application for quotation will be approved. However, sales by the Company must be made at the fixed price of $0.015 for the duration of this offering. The Company will not offer its shares for sale through underwriters, dealers, agents or anyone who may receive compensation in the form of underwriting discounts, concessions or commissions from the Company and/or the purchasers of the shares for whom they may act as agents. The shares of common stock sold by the Company may be occasionally sold in one or more transactions; all shares sold under this prospectus will be sold at a fixed price of $0.015 per share.

Upon completion of this Offering, we will attempt to have the shares quoted on the OTCQB operated by OTC Markets Group, Inc. There is no assurance that the Shares will ever be quoted on the OTCQB. Although we believe that in the future we will meet the eligibility requirements in order to be quoted on the OTCQB, we cannot quantify the likelihood that this will be the case. To be quoted on the OTCQB, a market maker must apply to make a market in our common stock. As of the date of this Prospectus, we have not made any arrangement with any market makers to quote our shares. Additionally, there is the possibility a market maker may not apply to make a market in our common stock.

In order to comply with the applicable securities laws of certain states, the securities will be offered or sold in those states only if they have been registered or qualified for sale; an exemption from such registration or if qualification requirement is available and with which the Company has complied.

In addition and without limiting the foregoing, the Company will be subject to applicable provisions, rules and regulations under the Exchange Act with regard to security transactions during the period of time when this Registration Statement is effective.

The Company estimates the costs of this offering at about $27,000. All expenses incurred in this offering are being paid for by the Company. The Company will utilize offering proceeds from this offering to pay for any offering expenses however, the Company may also elect to use available existing cash on hand to pay for any offering expenses.

**Procedures for Subscribing (Shares offered by us, "The Company")**

If you decide to subscribe for any shares in this offering that are offered by us, "The Company", you must

- Execute and deliver a subscription agreement; and

- Deliver a check or certified funds to us for acceptance or rejection.

All checks for subscriptions must be either made payable to (i) "Yellowstone Group Ltd", or (ii) escrow agent as agreed by the Company. Wire transfer and telegraphic transfer are also accepted. The Company will deliver stock certificates attributable to shares of common stock purchased directly to the purchasers within ninety (90) days of the close of the offering.

**Right to Reject Subscriptions (Shares offered by us, "The Company")**

We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected with letter by mail within 48 hours after we receive them.

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**DESCRIPTION OF SECURITIES**

We have authorized capital stock consisting of 75,000,000 shares of common stock, $0.0001 par value per share ("Common Stock"). As of the date of this filing we have 20,000,000 shares of Common Stock issued and outstanding.

**Common Stock**

The holders of outstanding shares of Common Stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The Common Stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of our Company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the Common Stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors.

**Preferred Stock**

At this time, we have no preferred stock authorized.

**Options and Warrants**

None.

**Convertible Notes**

None.

**Dividend Policy**

We have not paid any cash dividends to shareholders. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings, if any, our capital requirements and financial position, general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.

**Transfer Agent**

At this time, we do not have a transfer agent.

**Penny Stock Regulation**

The SEC has adopted regulations which generally define "penny stock" to be any equity security that has a market price (as defined) of less than $5.00 per share or an exercise price of less than $5.00 per share. Such securities are subject to rules that impose additional sales practice requirements on broker-dealers who sell them. For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchaser of such securities and have received the purchaser's written consent to the transaction prior to the purchase. Additionally, for any transaction involving a penny stock, unless exempt, the rules require the delivery, prior to the transaction, of a disclosure schedule prepared by the SEC relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, among other requirements, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. As the Shares immediately following this Offering will likely be subject to such penny stock rules, purchasers in this Offering will in all likelihood find it more difficult to sell their Shares in the secondary market.

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**INTERESTS OF NAMED EXPERTS AND COUNSEL**

The validity of the shares of common stock offered hereby will be passed upon for us by Mont E. Tanner, with an office address at 2950 East Flamingo Road, Suite G, Las Vegas, NV 89121.

The financial statements included in this prospectus and the registration statement have been audited by EliteCPA P.C., to the extent and for the periods set forth in their report appearing elsewhere herein and in the registration statement, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.

**REPORTS TO SECURITIES HOLDERS**

We will and will continue to make our financial information equally available to any interested parties or investors through compliance with the disclosure rules of Regulation S-K for a smaller reporting company under the Securities Exchange Act. In addition, we will file Form 8-K and other proxy and information statements from time to time as required. The public may read and copy any materials that we file with the SEC at the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site (http://www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

**DESCRIPTION OF FACILITIES**

The Company's office space is located at 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia.

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**LEGAL PROCEEDINGS**

From time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results of operations. We may become involved in material legal proceedings in the future.

**PATENTS AND TRADEMARKS**

None.

**DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE**

Biographical information regarding the officers and directors of the Company, who will continue to serve as officers and Directors of the Company are provided below:

**Officer Biographies**

---

| | | |
|:---|:---|:---|
| **NAME** | **AGE** | **POSITION** |
| Jianing Yang | 42 | Chief Executive Officer, President, Secretary, Treasurer, Director |

---

**<u>Jianing Yang – Chief Executive Officer, President, Secretary, Treasurer, Director</u>**

Ms. Yang has extensive experience in financial consulting and management. She began her career at RSM Australia, where she worked as an Audit Associate from 2006 to 2009 and subsequently as an Audit Senior from 2010 to 2013. From 2014 to 2017, she served as Finance Manager for Kohler Australia. Between 2018 and 2023, Ms. Yang worked as an independent financial consultant, assisting various small and medium-sized companies in Australia and New Zealand. Ms. Yang holds a Bachelor of Commerce degree from Massey University in New Zealand, awarded in 2004, and a Master of Commerce degree from the University of New South Wales in Australia, awarded in 2006.

In July 2024, Ms. Yang founded Yellowstone Group Ltd and currently serves as its Chief Executive Officer, President, Secretary, Treasurer, and Director.

**Corporate Governance**

The Company promotes accountability for adherence to honest and ethical conduct; endeavors to provide full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with the Securities and Exchange Commission (the "SEC") and in other public communications made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations. The Company has not formally adopted a written code of business conduct and ethics that governs the Company's employees, officers and Directors as the Company is not required to do so.

In lieu of an Audit Committee, the Company's Board of Directors, is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing the scope, results and effectiveness of the annual audit of the Company's financial statements and other services provided by the Company's independent public accountants. The Board of Directors, the Chief Executive Officer and the Chief Financial Officer of the Company review the Company's internal accounting controls, practices and policies.

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Committees of the Board

Our Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does our Company have a written nominating, compensation or audit committee charter. Our Directors believe that it is not necessary to have such committees, at this time, because the Director(s) can adequately perform the functions of such committees.

Audit Committee Financial Expert

Our Board of Directors has determined that we do not have a board member that qualifies as an "audit committee financial expert" as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as "independent" as the 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)(14) of the FINRA Rules.

We believe that our Director(s) are capable of analyzing and evaluating our financial statements and understanding internal controls and procedures for financial reporting. The Director(s) of our Company does not believe that it is necessary to have an audit committee because management believes that the Board of Directors can adequately perform the functions of an audit committee. In addition, we believe that retaining an independent Director who would qualify as an "audit committee financial expert" would be overly costly and burdensome and is not warranted in our circumstances given the stage of our development and the fact that we have not generated any positive cash flows from operations to date.

Involvement in Certain Legal Proceedings

Our Director and our Executive Officer have not been involved in any of the following events during the past ten years:

1. bankruptcy
 petition filed by or against any business 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;

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

3. 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; or

4. being
 found by a court of competent jurisdiction (in a civil action), the Commission 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.

5. Such
 person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State
 securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended,
 or vacated;

6. Such
 person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated
 any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not
 been subsequently reversed, suspended or vacated;

[**Table of Contents**](#toc_001)

7. Such
 person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not
 subsequently reversed, suspended or vacated, relating to an alleged violation of:(i) Any Federal or State securities or commodities
 law or regulation; or(ii) 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(iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with
 any business entity; or

8. Such
 person was 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 (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section
 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that
 has disciplinary authority over its members or persons associated with a member.

Independence of Directors

We are not required to have independent members on our Board of Directors, and do not anticipate having independent Directors until such time as we are required to do so.

Code of Ethics

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

Shareholder Proposals

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

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

**EXECUTIVE COMPENSATION**

**Summary Compensation Table:**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and principal position (a)** | **Period ended March 31, (b)** | **Salary ($) (c)** | **Bonus ($) (d)** | **Stock Compensation ($) (e)** | **Option Awards ($) (f)** | **Non-Equity Incentive Plan Compensation ($) (g)** | **Nonqualified Deferred Compensation Earnings ($) (h)** |  | **Total ($) (j)** |
| Jianing Yang Title: Chief Executive Officer, President, Secretary, Treasurer, Director | 2025 | $- |  |  |  |  |  | $– $|  |

---

[**Table of Contents**](#toc_001)

**Summary of Compensation**

<u>Stock Option Grants</u>

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

<u>Employment Agreements</u>

We do not have an employment or consulting agreement with our Officer or Director.

**Director Compensation**

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

**Executive Compensation Philosophy**

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

**Incentive Bonus**

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

**Long-term, Stock Based Compensation**

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

[**Table of Contents**](#toc_001)

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

As of July 17, 2025 the Company has 20,000,000 shares of common stock issued and outstanding, which number of issued and outstanding shares of common stock have been used throughout this report.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and Address of Beneficial Owner** | **Shares of Common Stock Beneficially Owned** | **Common Stock Voting Percentage Beneficially Owned** | **Voting Shares of Preferred Stock** | **Preferred Stock Voting Percentage Beneficially Owned** | **Total Voting Percentage Beneficially Owned** |
| **Executive Officers and Directors** |  |  |  |  |  |
| Jianing Yang <br> Title: President, Secretary, Treasurer, Chief Executive Officer, and Director <br> Address: 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia | 20000000 | 100% |  |  | 100% |
| **5% or Greater Shareholders** |  |  |  |  |  |

---

 

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

**CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital.

Ms. Jianing Yang, currently our only shareholder, serves as our Chief Executive Officer, President, Secretary, Treasurer and Director.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

As of March 31, 2025, our sole director, Ms. Jianing Yang, advanced $5,455 to the Company, which is unsecured and non-interest bearing with repayable on demand.

**Review, Approval and Ratification of Related Party Transactions**

Given our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification of transactions, such as those described above, with our executive officer, Director and significant stockholders. We intend to establish formal policies and procedures in the future, once we have 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, our Director will continue to approve any related party transaction.

**PRINCIPAL ACCOUNTING FEES AND SERVICES**

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

---

| | |
|:---|:---|
|  | For the Period Ended<br>March 31, 2025 |
| Audit fees | $8500 |
| Audit related fees |  |
| Tax fees |  |
| All other fees | - |
| Total | $8500 |

---

All of the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for last two fiscal years were approved by our board of directors.

**MATERIAL CHANGES**

None.

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**INDEX TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **Page** |
| [Report of Independent Registered Public Accounting Firm（7238）](#a_001) | F-2 |
| [BALANCE SHEET AS OF MARCH 31, 2025](#a_002) | F-3 |
| [STATEMENT OF OPERATIONS FROM JULY 8, 2024 (DATE OF INCEPTION) TO MARCH 31, 2025](#a_003) | F-4 |
| [STATEMENTS OF COMPREHENSIVE LOSS FROM JULY 8, 2024 (DATE OF INCEPTION) TO MARCH 31, 2025](#a_004) | F-5 |
| [STATEMENT OF CHANGES IN SHAREHOLDERS' DEFICIT FROM JULY 8, 2024 (DATE OF INCEPTION) TO MARCH 31, 2025](#a_005) | F-6 |
| [STATEMENT OF CASH FLOWS FROM JULY 8, 2024 (DATE OF INCEPTION) TO MARCH 31, 2025](#a_006) | F-7 |
| [NOTES TO THE FINANCIAL STATEMENTS](#a_007) | F-8 – F-12 |

---

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

**To the Shareholders and the Board of Directors of Yellowstone Group Ltd**

<u>Opinion on the Financial Statements</u>

We have audited the accompanying balance sheets of Yellowstone Group Ltd (the "Company") as of March 31, 2025, and the related statement of operations, of comprehensive loss, of changes in shareholders' deficit, and of cash flows for the period from July 08, 2024 (date of inception) to March 31, 2025, 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 the Company as of March 31, 2025, and the results of its operations and its cash flows for the period ended March 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

***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.

***Explanatory Paragraph—Going Concern***

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2(a) to the financial statements, the Company has suffered losses from operations that raised substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2(a). The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

---

| |
|:---|
| ***/s/ ELITECPA P.C.*** |
| ELITECPA P.C. (ID: 7238)<br> We have served as the Company's auditor since 2025. |
| New Jersey, The United States of America |
| June 16, 2025 |

---

- F-2 -

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**YELLOWSTONE GROUP LTD**

**BALANCE SHEET**

---

| | | |
|:---|:---|:---|
|  | <br>**Note** | **As of March 31,**<br>**2025** |
|  |  | **US$** |
| **ASSETS** |  |  |
| **Current assets** |  |  |
| Cash and cash equivalents | 3 | 8455 |
| Total current assets |  | 8455 |
| **Non - current asset** |  |  |
| Property and equipment, net | 4 | 4680 |
| Total non - current asset |  | 4680 |
| **TOTAL ASSETS** |  | **13135** |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| **Current liabilities** |  |  |
| Accounts payable |  | 8500 |
| Amounts due to a related party | 5 | 5455 |
| Total current liabilities |  | 13955 |
| **TOTAL LIABILITIES** |  | **13955** |
| **Stockholders' deficit:** |  |  |
| Common stock, Par value $0.0001; Authorized: 75,000,000 shares; Issued and outstanding: 20,000,000 shares as of March 31, 2025 | 6 | 2000 |
| Accumulated deficit |  | (2820) |
| Total stockholders' deficit |  | (820) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT** |  | **13135** |

---

- F-3 -

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**YELLOWSTONE GROUP LTD**

**STATEMENTS OF OPERATIONS**

---

| | | |
|:---|:---|:---|
|  | **Note** | **From July 08, 2024 (Date of Inception)**<br> **to March 31, 2025** |
|  |  | **US$** |
| **Revenue** | 7 | 6500 |
| **Operating expenses:** |  |  |
| General and administrative expenses |  | (9320) |
| **Total operating expenses** |  | **(9320)** |
| **Loss from operations** |  | **(2820)** |
| **Loss before income taxes** |  | **(2820)** |
| **Net loss** |  | **(2820)** |
| **Net loss attributable to ordinary shareholders** |  | **(2820)** |
| **Net loss per ordinary share:** |  |  |
| basic and diluted | 9 | (0.0014) |
| **Weighted average shares used in calculating net loss per ordinary share:** |  |  |
| Basic and diluted | 9 | 2022472 |

---

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

- F-4 -

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**YELLOWSTONE GROUP LTD**

**STATEMENTS OF COMPREHENSIVE LOSS**

---

| | | |
|:---|:---|:---|
|  | **From July 08, 2024 (Date of Inception)**<br> **to March 31, 2025** | **From July 08, 2024 (Date of Inception)**<br> **to March 31, 2025** |
|  | **US$** | **US$** |
| Net Loss | (2820 | (2820) |
| **Other comprehensive loss** |  |  |
| Foreign currency translation adjustments, net of tax of nil |  |  |
| **Comprehensive loss attributable to Yellowstone Group Ltd** |  | **(2820)** |
| **Total comprehensive loss attributable to ordinary shares of Yellowstone Group Ltd** |  | **(2820)** |

---

- F-5 -

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**YELLOWSTONE GROUP LTD**

**STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Ordinary shares** | **Ordinary shares** | | |
|  | **Shares** | **US$** | **Accumulated Deficit**<br>**US$** | <br>**Total shareholders' deficit**<br>**US$** |
| **Balance as of July 08, 2024 (Date of Inception)** | **-** | **-** | **-** | - |
| Net loss |  |  | (2820) | (2820) |
| Issuance of share capital, founder's shares | 20000000 | 2000 | - | 2000 |
| **Balance as of March 31, 2025** | **20000000** | **2000** | **(2820)** | **(820)** |

---

- F-6 -

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**YELLOWSTONE GROUP LTD**

**STATEMENTS OF CASH FLOWS**

---

| | |
|:---|:---|
|  | **From July 08, 2024 (Date of Inception) to March 31, 2025** |
|  | **US$** |
| **Cash Flows From Operating Activities:** |  |
| Net loss | (2820) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |
| Depreciation | 775 |
| Changes in assets and liabilities: |  |
| Accounts payable | 8500 |
| **Net cash provided by operating activities** | 6455 |
| **Cash Flows From Investing Activity:** |  |
| Purchase of plant and equipment | (5455) |
| Net cash used in investing activity | (5455) |
| **Cash Flows From Financing Activity:** |  |
| Proceeds from issuance of shares | 2000 |
| Proceeds from related-party loans | 5455 |
| Net cash provided by financing activity | 7455 |
| Net change in cash and cash equivalents | 8455 |
| **Cash and cash equivalents at beginning of year** | - |
| **Cash and cash equivalents at end of year** | **8455** |
| **Supplemental disclosure of cash flow information:** |  |
| Cash paid for interest | **-** |
| Cash paid for income taxes | **-** |

---

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

- F-7 -

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**YELLOWSTONE GROUP LTD**

**NOTES TO FINANCIAL STATEMENTS**

**1. Organization and business background**

Yellowstone Group Ltd, a Nevada corporation, ("the Company") was incorporated under the laws of the State of Nevada on July 08, 2024.

Yellowstone Group Ltd is headquartered in Sydney, Australia. The Company offers financial consulting services to small Australian and New Zealand companies, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

The Company's executive office is located at 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia.

**2. Summary of Significant Accounting Policies**

***(a)*** <u>Basis of presentation</u>

The financial statements for Yellowstone Group Ltd for the period from July 08, 2024 (Date of Inception) to March 31, 2025 are prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). The Company has adopted March 31 as its fiscal year end.

The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. For the year ended March 31, 2025, the Company incurred a net loss of $2,820. As of March 31, 2025, the current liabilities of the Company exceeded its current assets by $5,500. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the financial support from its shareholder, Company's profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company's current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

***(b)*** <u>Use of estimates</u>

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

***(c)*** <u>Cash and Cash Equivalents</u>

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

***(d)*** <u>Accounts Receivable, net</u>

Accounts receivable, net represents those receivables derived from the ordinary course of business and are recorded net of allowance that reflects the Company's best estimate of the amounts that will not be collected. In determining collectability of the accounts receivables, the Company considers factors in assessing the expected credit losses, including historical credit loss experience, credit quality of customers, aging of the receivables, and specific facts and circumstances.

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Accounts Receivable and allowance for credit losses. Trade receivables are uncollateralized customer obligations due under normal trade terms. The Company has established procedures to monitor credit risk. The estimated allowance is based on an analysis that estimates the amount of its total customer receivable balance that is not collectible. This analysis includes assessing a default probability to customers' receivable balances, which is influenced by several factors including (i) current market conditions, (ii) periodic review of customer credit worthiness, and (iii) review of customer receivable aging and payment trends. Write-offs are recorded at the time a customer receivable is deemed uncollectible. In accordance with Accounting Standards Update ("ASU") 2016-13, Financial Instruments – Credit Losses, Measurement of Credit Losses on Financial Instruments the Company recognizes expected credit losses based on a broader range of reasonable and supportable information to inform credit loss estimates.The Company accrued allowance for credit losses of nil for the year ended March 31, 2025.

***(e)*** <u>Plant and equipment, net</u>

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant and equipment are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

<u>Classification</u> <u>Useful Life</u> <br> Computer and Software 3 years

***(f)*** <u>Revenue Recognition</u>

Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) identification
 of the promised goods and services in the contract;

(ii) determination
 of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the
 contract;

(iii) measurement
 of the transaction price, including the constraint on variable consideration;

(iv) allocation
 of the transaction price to the performance obligations; and

(v) recognition
 of revenue when (or as) the Company satisfies each performance obligation.

The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company records revenue from the provision of services upon delivery of the finalized Personal Financial Report to the customer.

***(g)*** <u>Earnings Per Share</u>

The Company reports earnings per share in accordance with ASC 260 "Earnings Per Share", which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common stock outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common stock outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure.

The Company's basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company's common stock outstanding. Diluted earnings per share reflects the amount of net income available to each common stock outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued.

***(h)*** <u>Income Taxes</u>

The Company accounts for income taxes using the asset and liability method prescribed by ASC 740 "Income Taxes". Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date.

New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the "U.S. Tax Reform"), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment.

***(i)*** <u>Comprehensive Loss</u>

Comprehensive Loss includes all changes in equity except those resulting from investments by owners and distributions to owners. For the years presented, the Company's total comprehensive loss includes net loss.

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***(j)*** <u>Related parties</u>

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

***(k)*** <u>Fair Value Measurement</u>

Accounting Standards Codification ("ASC") 820 "Fair Value Measurements and Disclosures", which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset.

This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

***(l)*** <u>Recently issued and adopted accounting pronouncements</u>

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's financial statements.

- F-10 -

[**Table of Contents**](#m_003)

**3. Cash and Cash Equivalents**

The following is a summary of cash and cash equivalents:

---

| | |
|:---|:---|
|  | **As of March 31, 2025** |
|  | **US$** |
| Cash and cash equivalents | 8455 |
| **Total** | **8455** |

---

**4. Property and equipment, net**

Plant and equipment consisted of the following as of March 31, 2025:

---

| | |
|:---|:---|
|  | **As of March 31, 2025** |
|  | **US$** |
| Computer and Software | 5455 |
| Less: accumulated depreciation | (775) |
| Plant and equipment, net | 4680 |

---

Depreciation expense for the period ended March 31, 2025 was $775.

**5. Related Party Transaction** 

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.

For the years ended March 31, 2025, the balance amount due to related parties were as follows:

Balance amount with Related Parties:

---

| | |
|:---|:---|
|  | **As of March 31, 2025** |
|  | **US$** |
| Amount due to related parties | 5455 |

---

**6. Ordinary Shares**

The Company has 75,000,000 shares of commons stock authorized.

On March 5, 2025, Jianing Yang, subscribed 20,000,000 shares of common stock at $0.0001 per share for a total subscription value of $2,000.

As of March 31, 2025, the Company has 20,000,000 shares of common stock issued and outstanding.

**7. Revenue**

---

| | |
|:---|:---|
|  | **From July 8, 2024**<br> **to March 31, 2025** |
|  | **US$** |
| Finanical consulting services | 6500 |
| **Total** | **6500** |

---

**8. Income Taxes**

The loss from operation before income tax of the Company from July 08, 2024 to March 31, 2025 was comprised of the following:

---

| | |
|:---|:---|
|  | **From July 8, 2024** <br> **to March 31, 2025** |
|  | **US$** |
| Tax jurisdictions from: |  |
| – Local | (2820) |
| **Loss from operation before income tax** | **(2820)** |

---

- F-11 -

[**Table of Contents**](#m_003)

*The United States of America*

The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of March 31, 2025, the operations in the United States of America incurred $2,820 of cumulative net operating losses (NOL's) which can be carried forward to offset future taxable income. The Company has provided for a full valuation allowance of approximately $592 against the deferred tax assets 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 aggregate deferred tax assets of the Company as of March 31, 2025:

---

| | |
|:---|:---|
|  | **As of March 31, 2025** |
|  | **US$** |
| Net operating loss carryforwards |  |
| &nbsp;&nbsp;&nbsp;- The United States of America | 592 |
| Less: valuation allowance | (592) |
| **Deferred tax assets** | **-** |

---

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $592 as of March 31, 2025.

**9. Net Loss per Ordinary Share**

Net loss per ordinary share was computed by dividing net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the years ended March 31, 2025:

---

| | |
|:---|:---|
|  | **As of March 31, 2025** |
|  | **US$** |
| **Numerator:** |  |
| Net loss —basic and diluted | (2820) |
| Net loss attributable to ordinary shareholders | (2820) |
| &nbsp;&nbsp;&nbsp;**Shares (Denominator):** |  |
| Weighted average number of ordinary shares outstanding | 2022472 |
| Basic and diluted |  |
| Net loss per share—basic and diluted | (0.0014) |

---

**10. Concentrations of risk**

<u>Customer Concentration</u>

From July 8, 2024 to March 31, 2025, there were two customers who accounted for 100% of the Company's revenues. The customers who accounted for 100% of the Company's revenues and its outstanding receivable balance at period-end is presented below:

---

| | | | |
|:---|:---|:---|:---|
|  | **From July 8, 2024 to March 31, 2025** | **From July 8, 2024 to March 31, 2025** | **From July 8, 2024 to March 31, 2025** |
|  | **Revenue** | **Percentage of Revenue** | **Accounts receivable** |
|  | **US$** | **%** | **US$** |
| Customer A | 5500 | 84.6% |  |
| Customer B | 1000 | 15.4% |  |
| **Total** | **6500** | **100%** |  |

---

**11. Commitments and contingencies**

The Company did not have other significant capital commitments or significant guarantees as of March 31, 2025, respectively.

**12. Subsequent Event**

Management has evaluated subsequent events through the date of this filing. All subsequent events requiring recognition as of March 31, 2025 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, "Subsequent Events".

- F-12 -

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**PART II. INFORMATION NOT REQUIRED IN PROSPECTUS**

**OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION**

The estimated costs (assuming all shares are sold) of this offering are as follows:

---

| | |
|:---|:---|
| SEC Registration Fee | $18.37 |
| Auditor Fees and Related Expenses | $10000.00 |
| Consulting Fees and Related Expenses | $15000.00 |
| Transfer Agent Fees | $2000.00 |
| **TOTAL** | $27018.37 |

---

(1) All amounts are estimates, other than the SEC's registration fee. The above expenses are to be paid by the Company.

**INDEMNIFICATION OF DIRECTOR AND OFFICERS**

Under our Bylaws of the corporation, every person who was or is a party to, or is threatened to be made a party to, or is involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he, or a person of whom he is the legal representative, is or was a Director or Officer of the Corporation, or is or was serving at the request of the Corporation as a Director or Officer of another Corporation, or as its representative in a partnership, joint venture, trust, or other enterprise, shall be indemnified and held harmless to the fullest extent legally permissible under the laws of the State of Nevada from time to time against all expenses, liability, and loss (including attorneys' fees judgments, fines, and amounts paid or to be paid in settlement) reasonably incurred or suffered by his in connection therewith. Such right of indemnification shall be a contract right, which may be enforced in any manner desired by such person. The expenses of Officers and Directors incurred in defending a civil or criminal action, suit, or proceeding must be paid by the Corporation 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 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. Such right of indemnification shall not be exclusive of any other right which such Directors, Officers, or representatives may have or hereafter acquire, and, without limiting the generality of such statement, they shall be entitled to their respective rights of indemnification under any bylaw, agreement, vote of Stockholders, provision of law, or otherwise, as well as their rights under this Article.

Without limiting the application of the foregoing, the Board of Directors may adopt bylaws from time to time with respect to indemnification, to provide at all times the fullest indemnification permitted by the laws of the State of Nevada, and may cause the Corporation to purchase and maintain insurance on behalf of any person who is or was a Director or Officer of the Corporation, or is or was serving at the request of the Corporation as a Director or Officer of another Corporation, or as its representative in a partnership, joint venture, trust, or other enterprise against any liability asserted against such person and incurred in any such capacity or arising out of such status, whether or not the Corporation would have the power to indemnify such person. The indemnification provided in this Article shall continue as to a person who has ceased to be a Director, Officer, Employee, or Agent, and shall inure to the benefit of the heirs, executors and administrators of such person.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

[**Table of Contents**](#toc_001)

**RECENT SALES OF UNREGISTERED SECURITIES**

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital. Ms. Jianing Yang serves as our Chief Executive Officer, President, Secretary, Treasurer and Director.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

**EXHIBITS TO REGISTRATION STATEMENT**

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 3.1 | [Certificate of Incorporation (1)](ex3-1.htm) |
| 3.2 | [By-laws (1)](ex3-2.htm) |
| 5.1 | [Legal Opinion Letter (1)](ex5-1.htm) |
| 23.1 | [Consent of Independent Accounting Firm (1)](ex23-1.htm) |
| 99.1 | [Sample Subscription Agreement (1)](ex99-1.htm) |
| 107 | [Filing Fee Table (2)](https://www.sec.gov/Archives/edgar/data/2071489/000164117225015195/ex107.htm) |

---

(1) Filed
 herewith.

(2) Previously filed.

[**Table of Contents**](#toc_001)

**UNDERTAKINGS**

The undersigned Registrant hereby undertakes:

(a)(1) To file, during any period in which offers or sales of securities are being made, a post-effective amendment to this registration statement to:

(i) Include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (§230.424(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

(i) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

(5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or our securities provided by or on behalf of the undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.

In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.

[**Table of Contents**](#toc_001)

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, at the location of Sydney, Australia on July 17, 2025.

---

| | |
|:---|:---|
| **Yellowstone Group Ltd** | **Yellowstone Group Ltd** |
| *By:* | */s/ Jianing Yang* |
| Name: | Jianing Yang |
| Title: | Chief Executive Officer, President, Secretary,Treasurer, and Director |
| Date: | July 17, 2025 |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

**<u>Name:</u>** <u>Jianing Yang **Signature:** /s/ Jianing Yang **Title:** Chief Executive Officer, President, Secretary, Treasurer, Director (Principal Executive Officer; Principal Accounting Officer; Principal Financial Officer)</u>

**<u>Date:</u>** <u>July 17, 2025</u>

## Exhibit 3.1

**Exhibit 3.1**

![](ex3-1_001.jpg)

![](ex3-1_002.jpg)

## Exhibit 3.2

**Exhibit 3.2**

**BY-LAWS**

**OF**

**YELLOWSTONE GROUP LTD**

**(a Nevada corporation)<u> </u>**

**<u>ARTICLE I</u>**

**<u>CERTIFICATES OF STOCK</u>**

**Section 1. <u>Certificates Representing Stock</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Certificates representing stock in the corporation shall be signed by, or in the name of, the corporation by the Chairman or Vice-Chairman of the Board of Directors, if any, or by the President or a Vice-President and by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the corporation. Any or all the signatures on any such certificate may be a facsimile. In case any officer, transfer agent, or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer, transfer agent, or registrar at the date of issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Whenever the corporation shall be authorized to issue more than one class of stock or more than one series of any class of stock, and whenever the corporation shall issue any shares of its stock as partly paid stock, the certificates representing shares of any such class or series or of any such partly paid stock shall set forth thereon the statements prescribed by the Nevada Revised Statutes. Any restrictions on the transfer or registration of transfer of any shares of stock of any class or series shall be noted conspicuously on the certificate representing such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** The corporation may issue a new certificate of stock or uncertificated shares in place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the Board of Directors may require the owner of the lost, stolen or destroyed certificate, or his legal representative, to give the Corporation a bond sufficient to indemnify the corporation against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of any such new certificate or uncertificated shares.

**Section 2. <u>Uncertificated Shares</u>**. Subject to any conditions imposed by the Nevada Revised Statutes, the Board of Directors of the corporation may provide by resolution or resolutions that some or all of any or all classes or series of the stock of the corporation shall be uncertificated shares. Within a reasonable time after the issuance or transfer of any uncertificated shares, the corporation shall send to the registered owner thereof any written notice prescribed by the Nevada Revised Statutes.

**Section 3. <u>Fractional Share Interests</u>**. The corporation may, but shall not be required to, issue fractions of a share. If the Corporation does not issue fractions of a share, it shall (1) arrange for the disposition of fractional interests by those entitled thereto, (2) pay in cash the fair value of fractions of a share as of the time when those entitled to receive such fractions are determined, or (3) issue scrip or warrants in registered form (either represented by a certificate or uncertificated) or bearer form (represented by a certificate) which shall entitle the holder to receive a full share upon the surrender of such scrip or warrants aggregating a full share. A certificate for a fractional share or an uncertificated fractional share shall, but scrip or warrants shall not unless otherwise provided therein, entitle the holder to exercise voting rights, to receive dividends thereon, and to participate in any of the assets of the Corporation in the event of liquidation. The Board of Directors may cause scrip or warrants to be issued subject to the conditions that they shall become void if not exchanged for certificates representing the full shares or uncertificated full shares before a specified date, or subject to the conditions that the shares for which scrip or warrants are exchangeable may be sold by the corporation and the proceeds thereof distributed to the holders of scrip or warrants, or subject to any other conditions which the Board of Directors may impose.

**Section 4. <u>Stock Transfers</u>**. Upon compliance with provisions restricting the transfer or registration of transfer of shares of stock, if any, transfers or registration of transfers of shares of stock of the corporation shall be made only on the stock ledger of the corporation by the registered holder thereof, or by his attorney thereunto authorized by power of attorney duly executed and filed with the Secretary of the corporation or with a transfer agent or a registrar, if any, and, in the case of shares represented by certificates, on surrender of the certificate or certificates for such shares of stock properly endorsed and the payment of all taxes due thereon.

**Section 5. <u>Record Date For Stockholders</u>**. In order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than sixty nor less than ten days before the date of such meeting. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or 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. A determination of stockholders of record entitled to notice of or to vote at a 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. In order that the corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be more than ten days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors, the record date for determining the stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by the Nevada Revised Statutes, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is 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 meeting of stockholders are recorded. Delivery made to the corporation's registered office shall be by hand or by certified or registered mail, return receipt requested. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by the Nevada Revised Statutes, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action. In order that the corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders 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 Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.

**Section 6. <u>Designation of Stocks</u>**. When the corporation is authorized to issue shares of more than one class or more than one series of any class, there shall be set forth upon the face or back of the certificate, or the certificate shall have a statement that the corporation will furnish to any stockholders upon request and without charge, a full or summary statement of the designations, preferences and relative, participating, optional or other special rights of the various classes of stock or series thereof and the qualifications limitations or restrictions of such rights, and, if the corporation shall be authorized to issue only special stock, such certificate shall set forth in full or summarized the rights of the holders of such stock. The voting powers, designations, preferences, limitations, restrictions, and relative, participating, optional and other rights, and the qualifications, limitations, or restrictions thereof, of the shares of any class of stocks, shall hereinafter be prescribed by resolution of the Board of Directors.

**<u>ARTICLE II</u>**

**<u>STOCKHOLDERS</u>**

**Section 1. <u>Meaning of Certain Terms</u>**. As used herein in respect of the right to notice of a meeting of stockholders or a waiver thereof or to participate or vote thereat or to consent or dissent in writing in lieu of meeting, as the case may be, the term "share" or "shares" or "share of stock" or "shares of stock" or "stockholder" or "stockholders" refers to an outstanding share or shares of stock and to a holder or holders of record of outstanding shares of stock when the corporation is authorized to issue only one class of shares of stock, and said reference is also intended to include any outstanding share or shares of stock and any holder or holders of record of outstanding shares of stock of any class upon which or upon whom the articles of incorporation confers such rights where there are two or more classes or series of shares of stock or upon which or upon whom the Nevada Revised Statutes confers such rights notwithstanding that the articles of incorporation may provide for more than one class or series of shares of stock, one or more of which are limited or denied such rights thereunder; provided, however, that no such right shall vest in the event of an increase or a decrease in the authorized number of shares of stock of any class or series which is otherwise denied voting rights under the provisions of the articles of incorporation, except as any provision of law may otherwise require.

**Section 2. <u>Stockholder Meetings</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) <u>Time</u>**. The annual meeting shall be held on the date and at the time fixed, from time to time, by the directors, provided that the first annual meeting shall be held on a date within thirteen months after the organization of the corporation, and each successive annual meeting shall be held on a date within thirteen months after the date of the preceding annual meeting. A special meeting shall be held on the date and at the time fixed by the directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) <u>Place</u>**. Annual meetings and special meetings shall be held at such place, within or without the State of Nevada, as the directors may, from time to time, fix. Whenever the directors shall fail to fix such place, the meeting shall be held at the registered office of the corporation in the State of Nevada, the principal place of business, or a place designated by the resolution of Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) <u>Call</u>**. Annual meetings and special meetings may be called by the directors or by any officer instructed by the directors to call the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) <u>Notice or Waiver of Notice</u>**. Written notice of all meetings shall be given, stating the place, date, hour of the meeting and stating the place within the city or other municipality or community at which the list of stockholders of the corporation may be examined. The notice of an annual meeting shall state that the meeting is called for the election of directors and for the transaction of other business which may properly come before the meeting, and shall (if any other action which could be taken at a special meeting is to be taken at such annual meeting) state the purpose or purposes. The notice of a special meeting shall in all instances state the purpose or purposes for which the meeting is called. The notice of any meeting shall also include, or be accompanied by, any additional statements, information, or documents prescribed by the Nevada Revised Statutes. Except as otherwise provided by the Nevada Revised Statutes, a copy of the notice of any meeting shall be given, personally or by mail, not less than ten days nor more than sixty days before the date of the meeting, unless the lapse of the prescribed period of time shall have been waived, and directed to each stockholder at his record address or at such other address which he may have furnished by request in writing to the Secretary of the corporation. Notice by mail shall be deemed to be given when deposited, with postage thereon prepaid, in the United States Mail. If a meeting is adjourned to another time, not more than thirty days hence, and/or place is made at the meeting, it shall not be necessary to give notice of the adjourned meeting unless the directors, after adjournment, fix a new record date for the adjourned meeting. Notice need not be given to any stockholder who submits a written waiver of notice signed by him before or after the time stated therein. Attendance of a stockholder at a meeting of stockholders shall constitute a waiver of notice of such meeting, except when the stockholder attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, not the purpose of, any regular or special meeting of the stockholders need be specified in any written waiver of notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) <u>Stockholder List</u>**. The officer who has charge of the stock ledger of the corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten days prior to the meeting, either at a place within the city or other municipality or community where the meeting is to be held, which place shall be specified in the notice of the meeting, or if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present. The stock ledger shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list required by this section or the books of the corporation, or to vote at any meeting of stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) <u>Conduct of Meeting</u>**. Meetings of the stockholders shall be presided over by one of the following officers in the order of seniority and if present and acting-the Chairman of the Board, if any, the Vice-Chairman of the Board, if any, the President, a Vice-President, or, if none of the foregoing is in office and present and acting, by a chairman to be chosen by the stockholders. The Secretary of the corporation, or in his absence, an Assistant Secretary, shall act as secretary of every meeting, but if neither the Secretary nor an Assistant Secretary is present the Chairman of the meeting shall appoint a secretary of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g) <u>Proxy Representation</u>**. Every stockholder may authorize another person or persons to act for him by proxy in all matters in which a stockholder is entitled to participate, whether by waiving notice of any meeting, voting or participating at a meeting, or expressing consent or dissent without a meeting. Every proxy must be signed by the stockholder or by his attorney-in-fact. No proxy shall be voted or acted upon after three years from its date unless such proxy provides for a longer period. A duly executed proxy shall be irrevocable if it states that is irrevocable and, if, and only as long as it is coupled with an interest sufficient in law to support an irrevocable power. A proxy may be made irrevocable regardless of whether the interest with which it is coupled is an interest in the stock itself or an interest in the corporation generally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(h) <u>Inspectors</u>**. The directors, in advance of any meeting, may, but need not, appoint one or more inspectors of election to act at the meeting or any adjournment thereof. If any inspector or inspectors are not appointed, the person presiding at the meeting may, but need not appoint one or more inspectors. In case any person who may be appointed as an inspector fails to appear or act, the vacancy may be filled by appointment made by the directors in advance of the meeting or at the meeting by the person presiding thereat. Each inspector, if any, before entering upon the discharge of his duties, shall take and sign an oath faithfully to execute the duties of inspectors at such meeting with strict impartiality and according to the best of his ability. The inspectors, if any, shall determine the number of shares of stock outstanding and the voting power of each, the shares of stock represented at the meeting, the existence of a quorum, the validity and effect of proxies, and shall receive votes, ballots, or consents, hear and determine all challenges and questions arising in connection with the right to vote, count and tabulate all votes, ballots, or consents, determine the result, and do such acts as are proper to conduct the election or vote with fairness to all stockholders. On request of the person presiding at the meeting, the inspector or inspectors, if any, shall make a report in writing of any challenge, question, or matter determined by him or them and execute a certificate of any fact found by him or them. Except as otherwise required by subsection (e) of Section 231 of the Nevada Revised Statutes, the provisions of that Section shall not apply to the corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) <u>Quorum</u>**. The holders of at least one third of the outstanding voting shares of stock shall constitute a quorum at a meeting of stockholders for the transaction of any business. Once a quorum is established at any meeting of the stockholders, the voluntary withdrawal of any stockholder from the meeting shall not affect the authority of the remaining stockholders to conduct any business which properly comes before the meeting. In the absence of a quorum, the chairman of the meeting or stockholders present at the meeting may adjourn the meeting from day to day or time to time without further notice other than announcement at such meeting of such date, time and place of the adjourned meeting. At an adjourned meeting of the stockholders at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(j) <u>Voting</u>**. Each share of stock shall entitle the holder thereof to one vote. At each meeting of the stockholders, each stockholder entitled to vote thereat may vote in person or by proxy duly appointed by an instrument in writing subscribed by such stockholder. Directors shall be elected by a plurality of the votes of the shares present in person or represented by proxy at the meeting and entitled to vote on the election of directors. Any other action shall be authorized by a majority of the votes cast except where the Nevada Revised Statutes prescribes a different percentage of votes and/or a different exercise of voting power, and except as may be otherwise prescribed by the provisions of the articles of incorporation and these Bylaws. In the election of directors, and for any other action, voting need not be by ballot.

**Section 3. <u>Stockholder Action Without Meetings</u>**. Any action required by the Nevada Revised Statutes to be taken at any annual or special meeting of stockholders, or any action which may be taken at any annual or special meeting of 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. Action taken pursuant to this paragraph shall be subject to the provisions of Section 78.320 of the Nevada Revised Statutes.

**<u>ARTICLE III</u>**

**<u>DIRECTORS</u>**

**Section 1. <u>Functions and Definition</u>**. The business and affairs of the corporation shall be managed by or under the direction of the Board of Directors of the corporation. The Board of Directors shall have the authority to fix the compensation of the members thereof. The use of the phrase "whole board" herein refers to the total number of directors which the corporation would have if there were no vacancies. The business of the corporation shall be managed by its board of directors which may exercise all such powers of the corporation and do all such lawful acts and things as are not by statute or by the articles of incorporation or by these by-laws directed or required to be exercised or done by the stockholders.

**Section 2. <u>Qualifications and Number</u>**. A director need not be a stockholder, a citizen of the United States, or a resident of the State of Nevada. The initial Board of Directors shall consist of one (1) person. Thereafter, the number of directors may be increased or decreased from time to time by action of the stockholders or of the directors.

**Section 3. <u>Election and Term</u>**. The first Board of Directors, unless the members thereof shall have been named in the articles of incorporation, shall be elected by the incorporator or incorporators and shall hold office until first annual meeting of stockholders and until their successors are elected and qualified or until their earlier resignation or removal. Any director may resign at any time upon written notice to the corporation. Thereafter, directors who are elected at an annual meeting of stockholders, and directors who are elected in the interim to fill vacancies and newly created directorships, shall hold office until the next annual meeting resignation or removal. Except as the Nevada Revised Statutes may otherwise require, in the interim between annual meetings of stockholders or of special meetings of stockholders called for the election of directors and/or for the removal of one or more directors and for the filling of any vacancy in that connection, newly created directorships and any vacancies in the Board of Directors, including unfilled vacancies resulting from the removal of directors for cause or without cause, may be filled by the vote of a majority of the remaining directors then in office, although less than a quorum, or by the sole remaining director.

**Section 4. <u>Meetings</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) <u>Time</u>**. Meetings shall be held at such time as the Board shall fix, except that the first meeting of a newly elected Board shall be held as soon after its election as the directors may conveniently assemble.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) <u>Place</u>**. Meetings shall be held at such place within or without the State of Nevada as shall be fixed by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) <u>Call</u>**. No call shall be required for regular meetings for which the time and place have been fixed. Special meetings may be called by or at the direction of the Chairman of the Board, if any, the Vice-Chairman of the Board, if any, of the President, or of a majority of the directors in office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) <u>Notice or Actual or Constructive Waiver</u>**. No notice shall be required for regular meetings for which the time and place have been fixed. Written, oral, or any other mode of notice of the time and place shall be given for special meetings in sufficient time for the convenient assembly of the directors thereat. Notice need not be given to any director or to any member of a committee of directors who submits a written waiver of notice signed by him before or after the time stated therein. Attendance of any such person at a meeting shall constitute a waiver of notice of such meeting, except when he attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the directors need be specified in any written waiver of notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) <u>Quorum and Action</u>**. A majority of the whole Board shall constitute a quorum except when a vacancy or vacancies prevents such majority, whereupon a majority of the directors in office shall constitute a quorum, provided, that such majority shall constitute at least one-third of the whole Board. A majority of the directors present, whether or not a quorum is present, may adjourn a meeting to another time and place. Except as herein otherwise provided, and except as otherwise provided by the Nevada Revised Statutes, the vote of the majority of the directors present at a meeting at which a quorum is present shall be the act of the Board. The quorum and voting provisions herein stated shall not be construed as conflicting with any provisions of the Nevada Revised Statutes and these Bylaws which govern a meeting of the directors held to fill vacancies and newly created directorships in the Board or action of disinterested directors.

Any member or members of the Board of Directors or of any committee designated by the Board, may participate in a meeting of the Board, or any such committee, as the case may be, by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) <u>Chairman of the Meeting</u>**. The Chairman of the Board, if any and if present and acting, shall preside at all meetings. Otherwise, the Vice-Chairman of the Board, if any and if present and acting, or the President, if present and acting, or any other director chosen by the Board, shall preside.

**Section 5. <u>Removal of Directors</u>**. Except as may otherwise be provided by the Nevada Revised Statutes, any director or the entire Board of Directors may be removed, with or without cause, by the resolutions of the Board of Directors.

**Section 6. <u>Committees</u>**. The Board of Directors may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one or more of the directors of the corporation. The Board 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 any member of any such committee or committees, the member or members thereof present at any meeting and not disqualified from voting, whether or not he 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. Any such committee, to the extent provided in the resolution of the Board, shall have and may exercise the powers and authority of the Board of Directors in the management of the business and affairs of the corporation with the exception of any authority the delegation of which is prohibited by the Nevada Revised Statutes, and may authorize the seal of the corporation to be affixed to all papers which may require it.

**Section 7. <u>Written Action</u>**. Any action required or permitted to be taken at any meeting of the Board of Directors or any committee thereof may be taken without a meeting if all members of the Board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee.

**Section 8. <u>Board of Advisors.</u>** The Board of Directors, in its discretion, may establish a Board of Advisors, consisting of individuals who may or may not be stockholders or directors of the Corporation. The purpose of the Board of Advisors would be to advise the officers and directors of the Corporation with respect to such matters as such officers and directors shall choose, and any other matters which the members of such Board of Advisors deem appropriate in furtherance of the best interest of the Corporation. The Board of Advisors shall meet on such basis as the members thereof may determine. The Board of Directors may eliminate the Board of Advisors at any time. No member of the Board of Advisors, nor the Board of Advisors itself, shall have any authority of the Board of Directors or any decision-making power and shall be merely advisory in nature. Unless the Board of Directors determines another method of appointment, the President shall recommend possible members of the Board of Advisors to the Board of Directors, who shall approve such appointments or reject them.

**<u>ARTICLE IV</u>**

**<u>OFFICERS</u>**

The officers of the corporation shall consist of a President, a Secretary, a Treasurer, and, if deemed necessary, expedient, or desirable by the Board of Directors, a Chairman of the Board, a Vice- Chairman of the Board, an Executive Vice- President, one or more other Vice-Presidents, one or more Assistant Secretaries, one or more Assistant Treasurers, and such other officers with such title as the resolution of the Board of Directors choosing them shall designate. Except as may otherwise be provided in the resolution of the Board of Directors choosing him, no officer other than the Chairman or Vice- Chairman of the Board, if any, need be a director. Any number of offices may be held by the same person, as the directors may determine.

Unless otherwise provided in the resolution choosing him, each officer shall be chosen for a term which shall continue until the meeting of the Board of Directors following the next annual meeting of stockholders and until his successor shall have been chosen and qualified.

All officers of the corporation shall have such authority and perform such duties in the management and operation of the corporation as shall be prescribed in the resolutions of the Board of Directors designating and choosing such officers and prescribing their authority and duties, and shall have such additional authority and duties as are incident to their office except to the extent that such resolutions may be inconsistent therewith. The Secretary or an Assistant Secretary of the corporation shall record all of the proceedings of all meetings and actions in writing of stockholders, directors, and committees of directors, and shall exercise such additional authority and perform such additional duties as the Board shall assign to him. Any officer may be removed, with or without cause, by the Board of Directors. Any vacancy in any office may be filled by the Board of Directors.

**<u>ARTICLE V</u>**

**<u>INDEMNIFICATION</u>**

Every person who was or is a party to, or is threatened to be made a party to, or is involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he, or a person of whom he is the legal representative, is or was a Director or Officer of the Corporation, or is or was serving at the request of the Corporation as a Director or Officer of another Corporation, or as its representative in a partnership, joint venture, trust, or other enterprise, shall be indemnified and held harmless to the fullest extent legally permissible under the laws of the State of Nevada from time to time against all expenses, liability, and loss (including attorneys' fees judgments, fines, and amounts paid or to be paid in settlement) reasonably incurred or suffered by him in connection therewith. Such right of indemnification shall be a contract right, which may be enforced in any manner desired by such person. The expenses of Officers and Directors incurred in defending a civil or criminal action, suit, or proceeding must be paid by the Corporation 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 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. Such right of indemnification shall not be exclusive of any other right which such Directors, Officers, or representatives may have or hereafter acquire, and, without limiting the generality of such statement, they shall be entitled to their respective rights of indemnification under any bylaw, agreement, vote of Stockholders, provision of law, or otherwise, as well as their rights under this Article.

Without limiting the application of the foregoing, the Board of Directors may adopt bylaws from time to time with respect to indemnification, to provide at all times the fullest indemnification permitted by the laws of the State of Nevada, and may cause the Corporation to purchase and maintain insurance on behalf of any person who is or was a Director or Officer of the Corporation, or is or was serving at the request of the Corporation as a Director or Officer of another Corporation, or as its representative in a partnership, joint venture, trust, or other enterprise against any liability asserted against such person and incurred in any such capacity or arising out of such status, whether or not the Corporation would have the power to indemnify such person. The indemnification provided in this Article shall continue as to a person who has ceased to be a Director, Officer, Employee, or Agent, and shall inure to the benefit of the heirs, executors and administrators of such person.

**<u>ARTICLE VI</u>**

**<u>CORPORATE SEAL</u>**

The corporate seal shall be in such form as the Board of Directors shall prescribe.

**<u>ARTICLE VII</u>**

**<u>FISCAL YEAR</u>**

The fiscal year of the corporation shall be fixed and initially be March 31, and shall be subject to change, by the Board of Directors.

**<u>ARTICLE VIII</u>**

**<u>AMENDMENT</u>**

These Bylaws may be adopted, amended or repealed at any time by the unanimous written consent of the Board of Directors.

**CERTIFICATE OF SECRETARY**

I, the undersigned, do hereby certify:

&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. That I am the duly elected and acting secretary of YELLOWSTONE GROUP LTD, a Nevada corporation; 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;2. That the foregoing Bylaws, comprising nine (9) pages, constitute the Bylaws of said corporation as duly adopted and approved by the board of directors of said corporation by a Unanimous Written Consent dated as of July 09, 2024.

IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of said corporation this 9th day of July, 2024.

JIANING YANG <br> Secretary

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

![](ex5-1_002.jpg)

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the inclusion in this Form S-1 to the Registration Statement of Yellowstone Group Ltd of our report dated June 16, 2025, relating to the financial statements of Yellowstone Group Ltd which report appears in the Prospectus, which is part of this Registration Statement. We also consent to the reference to our Firm under the heading "Experts" in such Prospectus.

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| |
|:---|
| */s/ ELITECPA P.C.* |
| ELITECPA P.C. |
| Certified Public Accountants |
| New Jersey, The United States of America |
| July 17, 2025 |

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## Exhibit 99.1

**Exhibit 99.1**

SUBSCRIPTION AGREEMENT

The undersigned (the "Subscriber"), desires to become a holder of common shares (the "Shares") of <u>Yellowstone Group Ltd.</u>, a corporation organized under the laws of the state of Nevada (the "Company"); one share of Common Stock has a par value $0.0001 per share. Accordingly, the Subscriber hereby agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Subscription</u>.

1.1 The
 Subscriber hereby subscribes for and agrees to accept from the Company that number of Shares set forth on the Signature Page attached
 to this Subscription Agreement (the "Agreement"), in consideration of $**0.015** per share. This offer to purchase
 is submitted in accordance with and subject to the terms and conditions described in this Subscription Agreement (the "Agreement").
 The Subscriber acknowledges that the Company reserves the right, in its sole and absolute discretion, to accept or reject this subscription
 and the subscription will not be binding until accepted by the Company in writing.

1.2 The
 closing of the Subscription of Shares hereunder (the "Closing") shall occur immediately upon: (i) receipt and acceptance
 by the Company of a properly executed Signature Page to this Agreement; and (ii) receipt of all funds for the subscription of shares
 hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Purchase Procedure</u>. The Subscriber acknowledges that, in order to subscribe for Shares, he must, and he does hereby, deliver to the Company:

2.1 One
 (1) executed counterpart of the Signature Page attached to this Agreement together with the passport copy or government ID copy;
 and

2.2 A
 check, trade draft or media due bill in the amount set forth on the Signature Page attached to this Agreement, representing payment
 in full for the Shares desired to be purchased hereunder, either made payable to the order of Yellowstone Group Ltd.; or an escrow
 agent as agreed upon by the Company, for the benefit of Yellowstone Group Ltd.. Wire transfer and telegraphic transfer are also accepted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Representations of Subscriber</u>. By executing this Agreement, the Subscriber makes the following representations, declarations and warranties to the Company, with the intent and understanding that the Company will rely thereon:

3.1 Such
 Subscriber acknowledges the public availability of the Company's current prospectus which can be viewed on the SEC Edgar Database,
 under the CIK number 0001128252. This prospectus is made available in the Company's most recent S-1 Registration Statement
 deemed effective on December 15, 2023. In this prospectus it makes clear the terms and conditions of the offering of Common Stock
 and the risks associated therewith are described.

3.2 All
 information herein concerning the Subscriber is correct and complete as of the date hereof and as of the date of Closing.

3.3 If
 the Subscriber is purchasing the Shares in a fiduciary capacity for another person or entity, including without limitation a corporation,
 partnership, trust or any other entity, the Subscriber has been duly authorized and empowered to execute this Subscription Agreement
 and all other subscription documents. Upon request of the Company, the Subscriber will provide true, complete and current copies
 of all relevant documents creating the Subscriber, authorizing its investment in the Company and/or evidencing the satisfaction of
 the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Applicable Law</u>. This Agreement shall be construed in accordance with and governed by the laws applicable to contracts made and wholly performed in the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Execution in Counterparts</u>. This Subscription Agreement may be executed in one or more counterparts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Persons Bound</u>. This Subscription Agreement shall, except as otherwise provided herein, inure to the benefit of and be binding on the Company and its successors and assigns and on each Subscriber and his respective heirs, executors, administrators, successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Notices</u>. Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally, telegraphed, telexed, sent by facsimile transmission or sent by certified, registered or express mail, postage prepaid, to the address of each party set forth herein. Any such notice shall be deemed given when delivered personally, telegraphed, telexed or sent by facsimile transmission or, if mailed, three days after the date of deposit in the United States mails.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>CERTIFICATION</u>. **THE SUBSCRIBER CERTIFIES THAT HE HAS READ THIS ENTIRE SUBSCRIPTION AGREEMENT AND THAT EVERY STATEMENT MADE BY THE SUBSCRIBER HEREIN IS TRUE AND COMPLETE.**

***[SIGNATURE PAGE FOLLOWS]***

**<u>SUBSCRIBER SIGNATURE</u>**

The undersigned, desiring to subscribe for the number of Shares of Yellowstone Group Ltd., (the "Company") as is set forth below, acknowledges that he/she has received and understands the terms and conditions of the Subscription Agreement attached hereto and that he/she does hereby agree to all the terms and conditions contained therein.

**IN WITNESS WHEREOF**, the undersigned has hereby executed this Subscription Agreement as of the date set forth below.

**(PLEASE PRINT OR TYPE)**

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| |
|:---|
| Number of Shares |
| x $**0.015** Per Share |
| Total Amount of Subscription: USD |
| Exact name(s) of Subscriber(s): |
| Signature of Subscriber(s): |
| (Signature) |
| Date: |
| Name of Director of the Company: |
| Signature of Director of the Company: |
| (Signature) |
| Date: |

---

Residence or Physical Mailing Address (cannot be a P.O. Box):

---

| | |
|:---|:---|
| Telephone Numbers (include Area Code): |  |
| Business: (___)________________ | Home: (___)_______________ |
| Social Security, Taxpayer, or other type |  |
| Identification Number(s): _________ |  |

---