NOTE – 12 CONCENTRATIONS OF RISKS

The Company is exposed to the following concentrations of risks:

(a)       Major customers

For the three months ended June 30, 2026, there was no single customer exceeding 10% of the Company’s revenue.

For the three months ended June 30, 2025, there was a single customer exceeding 10% of the Company’s revenue. This customer has accounted for 100% of the Company’s revenue amounting to $19,221 with $0 accounts receivable at June 30, 2025.

(b)       Major vendors

For the three months ended June 30, 2026, there was no single vendor exceeding 10% of the Company’s cost of revenue

For the three months ended June 30, 2025, there was a single vendor exceeding 10% of the Company’s cost of revenue. This vendor has accounted for 100% of the Company’s cost of revenue amounting to $11,533 with $0 related party balances at June 30, 2025.

(c)       Economic and political risk

The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations. The Company may also be exposed to broader global economic conditions.

The present global economic climate with rising global tensions, rising costs and fuel shortage which potentially could escalate and result in global inflation may also impact the Company’s business, financial condition, and results of operations.

(d)       Exchange rate risk

The Company cannot guarantee that the current exchange rate will remain steady; therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

(e)       Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company’s policy is to ensure that it has sufficient cash to meet its liabilities when they become due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. A key risk in managing liquidity is the degree of uncertainty in the cash flow projections. This is presently managed through shareholder financial support. If future cash flows are fairly uncertain, the liquidity risk increases.