Special Note Regarding Forward-Looking Statements





This Form 10-K contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. For this purpose, any
statements contained in this Form 10-K that are not statements of historical
fact may be deemed to be forward-looking statements. Without limiting the
foregoing, words such as "may", "will", "expect", "believe", "anticipate",
"estimate" or "continue" or comparable terminology are intended to identify
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, and actual results may differ materially depending on a
variety of factors, many of which are not within our control. These factors
include by are not limited to economic conditions generally and in the
industries in which we may participate; competition within our chosen industry,
including competition from much larger competitors; technological advances and
failure to successfully develop business relationships.



Plan of Operation




The Company is in the process of investigating potential business ventures
which, in the opinion of management, will provide a source of eventual profit to
the Company. Such involvement may take many forms, including the acquisition of
an existing business or the acquisition of assets to establish subsidiary
businesses. The Company's management does not expect to remain involved as
management of any acquired business.



As the Company possesses limited funds, the experienced management team of
Company will be located potential business situations for investigation. The
Company intends to commence, on a limited basis, the process of investigating
possible merger and acquisition candidates, and believes that the Company's
status as a publicly-held corporation will enhance its ability to locate such
potential business ventures. No assurance can be given as to when the Company
may locate suitable business opportunities and such opportunities may be
difficult to locate; however, the Company intends to actively search for
potential business ventures for the foreseeable future.



In its search for potential business ventures, management may identify one or
more potential business venture. In the event Management enters into only one
venture, this lack of diversification should be considered a substantial risk
because it will not permit the Company to offset potential losses from one
venture against gains from another.



Business opportunities, if any arise, are expected to become available to the
Company principally from the personal contacts of its officers and directors.
While it is not expected that the Company will engage professional firms
specializing in business acquisitions or reorganizations, such firms may be
retained if funds become available in the future, and if deemed advisable.
Opportunities may thus become available from professional advisors, securities
broker-dealers, venture capitalists, members of the financial community, and
other sources of unsolicited proposals. In certain circumstances, the Company
may agree to pay a finder's fee or other form of compensation, including perhaps
one-time cash payments, payments based upon a percentage of revenues or sales
volume, and/or payments involving the issuance of securities, for services
provided by persons who submit a business opportunity in which the Company shall
decide to participate, although no contracts or arrangements of this nature
presently exist. The Company is unable to predict at this time the cost of
locating a suitable business opportunity.



5






The analysis of business opportunities will be undertaken by or under the
supervision of the Company's management. Among the factors which management will
consider in analyzing potential business opportunities are the available
technical, financial and managerial resources; working capital and financial
requirements; the history of operation, if any; future prospects; the nature of
present and anticipated competition; potential for further research,
developments or exploration; growth and expansion potential; the perceived
public recognition or acceptance of products or services; name identification,
and other relevant factors.



It is not possible at present to predict the exact matter in which the Company
may participate in a business opportunity. Specific business opportunities will
be reviewed and, based upon such review, the appropriate legal structure or
method of participation will be decided upon by management. Such structures and
methods may include, without limitation, leases, purchase and sale agreements,
licenses, joint ventures; and may involve merger, consolidation or
reorganization. The Company may act directly or indirectly through an interest
in a partnership, corporation or reorganization. However, it is most likely that
any acquisition of a business venture the Company would make would be by
conducting a reorganization involving the issuance of the Company's restricted
securities. Such a reorganization may involve a merger (or combination pursuant
to state corporate statutes, where one of the entities dissolves or is absorbed
by the other), or it may occur as a consolidation, where a new entity is formed
and the Company and such other entity combine assets in the new entity. A
reorganization may also occur, directly or indirectly, through subsidiaries, and
there is no assurance that the Company would be the surviving entity. Any such
reorganization could result in loss of control of a majority of the shares. The
Company's present directors may be required to resign in connection with a
reorganization.



The Company may choose to enter into a venture involving the acquisition of or
merger with a company which does not need substantial additional capital but
desires to establish a public trading market of its securities. Such a company
may desire to consolidate its operations with the Company through a merger,
reorganization, asset acquisition, or other combination, in order to avoid
possible adverse consequences of undertaking its own public offering. (Such
consequences might include expense, time delays or loss of voting control.) In
the event of such a merger, the Company may be required to issue significant
additional shares, and it may be anticipated that control over the Company's
affairs may be transferred to others.



As part of their investigation of acquisition possibilities, the Company's
management may meet with executive officers of the business and its personnel;
inspect its facilities; obtain independent analysis or verification of the
information provided, and conduct other reasonable measures, to the extent
permitted by the Company's limited resources and management's limited expertise.
Generally, the Company intends to analyze and make a determination based upon
all available information without reliance upon any single factor as
controlling.



The Company's management expects to be experienced in the areas in which
potential businesses will be investigated and in which the Company may make an
acquisition or investment. However, it may become necessary for the Company to
retain consultants or outside professional firms to assist management in
evaluating potential investments. The Company can give no assurance that it will
be able to find suitable consultants or managers. The Company has no policy
regarding the use of consultants, however, if management, in its discretion,
determines that it is in the best interests of the Company, management may seek
consultants to review potential merger or acquisition candidates.



It may be anticipated that the investigation of specific business opportunities
and the negotiation, drafting and execution of relevant agreements, disclosure
documents and other instruments will require substantial management time and
attention, and substantial costs for accountants, attorneys and others. Should a
decision thereafter be made not to participate in a specific business
opportunity, it is likely that costs already expended would not be recoverable.
It is likely, in the event a transaction should eventually fail to be
consummated, for any reason, that the costs incurred by the Company would not be
recoverable. The Company's officers and directors are entitled to reimbursement
for all expenses incurred in their investigation of possible business ventures
on behalf of the Company, and no assurance can be given that if the Company has
available funds they will not be depleted in such expenses.

Agreement and Plan of Merger with China Foods Holdings Ltd.





6







On January 23, 2019, Trafalgar Resources, Inc ("Trafalgar") entered into an
Agreement and Plan of Merger (the "Agreement") with China Foods Holdings Ltd., a
Delaware corporation ("China Foods"), pursuant to which Trafalgar merged with
and into China Foods (the "Merger"). The purpose of the Merger was to change
Trafalgar's jurisdiction of incorporation from Utah to Delaware, which
Trafalgar's management and board of directors believed was a more favorable
domicile for Trafalgar to pursue its new strategy of development and
distribution of health related products, including supplements, across the
globe, with a focus on opportunities in mainland China, Europe, and Australia.
Trafalgar's majority stockholder owned 5,000,000 shares (approximately 95.2%) of
Trafalgar's 5,251,309 outstanding shares of common stock, as of the close of
business on January 23, 2019, signed a written consent approving the Merger and
the related transactions. Such approval and consent are sufficient under Utah
law and Trafalgar's Bylaws to approve the Merger. Accordingly, the Agreement and
the transactions contemplated thereby have been approved, and neither a meeting
of Trafalgar's stockholders nor additional written consents were necessary.



The Merger resulted in the surviving corporation being known as "China Foods
Holdings Ltd.", and subject to the Delaware General Corporation Law (the "DGCL")
and by the Certificate of Incorporation and Bylaws of China Foods. The title to
all Trafalgar's assets were vested in the surviving entity, China Foods, and
China Foods assumed all of the liabilities of Trafalgar.



At the effective time of the Merger, each share of Trafalgar's common stock was
converted into one share of China Foods's common stock. After the Merger, the
rights Trafalgar's stockholders continue to be the rights provided in the
Agreement, China Foods's Certificate of Incorporation and Bylaws and under

Title
8, Chapter 1 of the DGCL.

Summary of Financial Information





We had no revenues in 2019 or 2018. We had a net loss of 8,986 for the
transition period from October 1, 2019 through December 31, 2019 (the Company's
new fiscal year end). At December 31, 2019, we had cash and cash equivalents of
$12,328 and negative working capital of $116,527.



The following table shows selected summarized financial data for the Company at
the dates and for the periods indicated. The data should be read in conjunction
with the financial statements and notes included herein beginning on page 9.

STATEMENT OF OPERATIONS DATA:





                                         For the
                                          Three                  For the                  For the
                                      Months Ended              Year Ended               Year Ended
                                    December 31, 2019       September 30, 2019       September 30, 2018

Revenues                           $                 -     $                  -     $                  -
General and Administrative
Expenses                                         9,086                   89,482                   42,308
Net Loss                                         9,086                   89,482                   62,758
Basic Loss per Share                             (0.00 )                  (0.02 )                  (0.01 )
Diluted Loss per Share                           (0.00 )                  (0.02 )                  (0.01 )
Weighted Average Number of
Shares Outstanding                           5,252,309                5,251,862                5,251,309
Weighted Average Number of Fully
Diluted Shares Outstanding                   5,252,309                5,251,862                5,251,309




BALANCE SHEET DATA:



                                    December 31, 2019      September 30, 2019       September 30, 2018
Total Current Assets               $            12,328     $            23,364     $                  -
Total Assets                                    12,328                  23,364                        -
Total Current Liabilities                      128,855                

130,805                   18,059
Working Deficit                               (116,527 )              (107,441 )                (18,059 )
Stockholders' Deficit                         (116,527 )              (107,441 )                (18,059 )




7

Liquidity And Capital Resources


As of December 31, 2019, the Company had $12,328 in assets and liabilities of
$128,855. As of December 31, 2019, the Company had a negative working capital of
$116,527. The Company had a negative working capital of $107,441 as of September
30, 2019 and $18,059 as of September 30, 2018, respectively. The Company has
only incidental ongoing expenses primarily associated with maintaining its
corporate status and maintaining the Company's reporting obligations to the
Securities and Exchange Commission. Current management has indicated a
willingness to help support the Company's ongoing expenses through the purchase
of securities of the Company.



For the transition period from October 1, 2019 through December 31, 2019 (the
Company's new fiscal year end), the Company had $9,086 in general and
administrative expenses related to maintaining its corporate status, corporate
action, paying accounting and legal fees. Management anticipates continuing
expenses related to investigating business opportunities and legal and
accounting cost.



For the year ended September 30, 2019, the Company had $89,482 in general and
administrative expenses. Since the debt of Trafalgar was waived during the
fiscal year 2018, interest expenses had decreased. For the year ended September
30, 2019, the Company had a net loss of $89,482 while a net loss of $62,758 for
the year ended September 30, 2018.



Since inception, the Company has not generated significant revenue, and it is
unlikely that any revenue will be generated until the Company locates a business
opportunity with which to acquire or merge. Management of the Company will be
investigating various business opportunities. These efforts may cost the Company
not only out of pocket expenses for its management but also expenses associated
with legal and accounting costs. There can be no guarantee that the Company will
receive any benefits from the efforts of management to locate business
opportunities.

Management does not anticipate employing any employees in the future until generating revenues. Management will continue to rely on outside consultants and directors to assist in its corporate filing requirements.





Results of Operations




The Company has not had any revenue since inception. The Company continues to
suffer losses related to maintaining its corporate status and reporting
obligations. Since the debt of Company was waived during the fiscal year 2018,
interest expenses had decreased. For the transition period from October 1, 2019
through December 31, 2019 (the Company's new fiscal year end), we incurred a
loss of $9,086 and had no revenue.



For the year ended September 30, 2019, we incurred a loss of $89,482 and had no
revenue while a loss of $62,758 for the year ended September 30, 2018, with

no
revenue.

Off-Balance Sheet Arrangements.

The Company does not have any off-balance sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.

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