15. CONCENTRATION OF RISK

The Company is exposed to the following concentrations of risk:

 SCHEDULE OF CONCENTRATION OF RISK

For the three months ended April 30, 2025 and 2024, the customer who accounted for 10% or more of the Company’s sales and its outstanding receivable balance at period-end.

For the nine months ended April 30, 2025 and 2024, the customers who accounted for 10% or more of the Company’s sales and its outstanding receivable balance at period-end are presented as follows:

For the three months ended April 30, 2025 and 2024, the vendors who accounted for 10% or more of the Company’s purchases and its outstanding payable balance at period-end are presented as follows:

For the nine months ended April 30, 2025 and 2024, the vendors who accounted for 10% or more of the Company’s purchases and its outstanding payable balance at period-end are presented as follows:

PHOENIX PLUS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2025

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

(UNAUDITED)