The following management's discussion and analysis should be read in conjunction
with the historical financial statements and the related notes thereto contained
in this report. The management's discussion and analysis contains
forward-looking statements, such as statements of our plans, objectives,
expectations and intentions. Any statements that are not statements of
historical fact are forward-looking statements. When used, the words "believe,"
"plan," "intend," "anticipate," "target," "estimate," "expect" and the like,
and/or future tense or conditional constructions ("will," "may," "could,"
"should," etc.), or similar expressions, identify certain of these
forward-looking statements. These forward-looking statements are subject to
risks and uncertainties that could cause actual results or events to differ
materially from those expressed or implied by the forward-looking statements.
The Company's actual results and the timing of events could differ materially
from those anticipated in these forward-looking statements as a result of
several factors. The Company does not undertake any obligation to update
forward-looking statements to reflect events or circumstances occurring after
the date of this report.




The following discussion highlights the Company's results of operations and the
principal factors that have affected our financial condition, as well as our
liquidity and capital resources for the periods described, provides information
that management believes is relevant for an assessment and understanding of the
statements of financial condition and results of operations presented herein.
The following discussion and analysis are based on the Company's unaudited
financial statements contained in this Quarterly Report, which we have prepared
in accordance with United States generally accepted accounting principles. You
should read this discussion and analysis together with such financial statements
and the related notes thereto.



Company Overview




We are a supplier of technologically advanced plastics and other solutions for
the packaging industry and other industries primarily serving major end users
and distributors in Australia, Asia and the Middle East. Our products have
applications in the areas of packaging, agriculture, automotive and
transportation, paint and coating, construction, personal care and hygiene,
electronics, pharmaceutical, energy and natural resources, plastics and rubber
and leather. Our principal products are high quality, breathable plastic film
and modified atmosphere packaging used in the packaging of perishable foods.



In 2021, through the acquisition target SMCOR, SINC expands deeper into our
existing customer based in EV, 5G, computer chips and medical industries. In
addition, the pandemic boosts the demand for covid related medical material and
SINC boosted vaccine related production capacity through SIMCOR.







  20






                                            Three months ended June 30,                  Six months ended June 30,
                                            2022                   2021                 2022                  2021
                                              $                     $                     $                     $
                               Note    (not reviewed)         (not reviewed)       (not reviewed)        (not reviewed)
Revenue
Sales                                            1,573                 14,937               15,451                46,032
Cost of sales                                   (7,279 )              (22,353 )             (7,279 )              (3,467 )
Gross profit                                    (5,706 )               37,290                8,172                42,565

Operating expenses
Depreciation and
amortization                                     1,963                  2,284                4,110                 4,576
Selling, general and
administrative expenses                         10,435                  2,702               12,359                (5,363 )
Professional service fees                      121,802                 36,337              122,860                36,495
Total operating expenses                       134,199                 41,323              139,329                46,434

Income/(loss) from
operations                                    (139,905 )               (4,033 )           (131,158 )              (3,869 )

Other income/(expenses)
Gain/(Loss) on Derivative
Financial Instrument                            27,217                      -               27,217                     -
Other income                                         -                  3,092                    -                14,842
Interest expense                                (7,299 )               (1,562 )             (8,700 )              (3,115 )
Foreign currency
transaction loss                                (8,192 )               (3,000               (5,974 )              (5,090 )
Total other
income/(expenses)                               11,726                 (1,470 )             12,543                 6,637
Income/(loss) from
continuing operations
before income tax expenses                    (128,179 )               (5,503 )           (118,614 )               2,768

Income tax
benefit/(expense)               11              14,169                 (3,766 )             11,291                (5,917 )

Net income/(loss) after
income tax expense for the
period                                        (114,010 )               (9,269 )           (107,324 )              (3,149 )

Other comprehensive
income/(loss)
Exchange differences
arising on translation of
foreign operations                            (145,996 )               (1,181 )           (126,524 )               9,253
Other comprehensive
income/(loss)                                 (145,996 )               (1,181 ))          (126,524 )               9,253

Total comprehensive
income/(loss) for the
period                                        (260,007 )              (10,450 )           (233,848 )               6,104




Revenues




Revenue was $2k for the three months ended June 30, 2022, compared to $15k for
the three months ended June 30, 2021, a decrease of $13k. The decrease can be
attributed to timing and quantity of orders by our customers and the type of
products they purchase, which can vary in margin.









  21

Selling, general and administrative expenses


Selling, general and administrative expenses was $10k for the three months ended
June 30, 2022, compared to $3k for the three months ended June 30, 2021. This is
due to over payments of listing and filing fees for the three month ended June
30, 2022.



Employee expenses

No employee expense was an incurred for the 3 months ended June 30, 2022.





Professional service fees



Professional service fees were $122k for the three months ended June 30, 2022,
compared with $36k for the three months ended June 30, 2021. The increase is due
to accounting fees and legal fees for issuance of convertible notes.

Other Income and Expenses

The change in other income and expenses was due the gain in derivative liabilities offset by increase interest from convertible notes and foreign currency loss.

Liquidity and Capital Resources





At June 30, 2022, the Company had a current asset surplus of $555,925 and net
asset of $751,615 (December 31, 2021 current asset deficiency of $143,761 and
net asset $50,862). The Company reported an after tax loss of $114,010 for the
three months ended June 30, 2022 (June 30, 2021 after tax income: $9,269).



Despite the current asset deficiency, the company has prepared the financial
statements on a going concern basis that contemplates the continuity of normal
business activity, realization of assets and settlement of liabilities at the
amounts recorded in the financial statements in the ordinary course of business.



The company believes that there are reasonable grounds to support the fact that
it will be able to pay its debts as and when they become due and payable. In
forming this opinion, the Group has considered the following factors:

(i) The company has the ability to raise fund through private placements


             and convertible notes; and

(ii) The company has been streamlining its operation by reducing operation


             costs; and




In the six months ended June 30, 2022, the net cash provided by operating
activities primarily reflects the loss from operations of approximately $107k
with approximately $18k in changes in operating assets and liabilities, offset
by non-cash items of approximately $6k and amortization and depreciation of
approximately $4k that had no effect on cash flows.

Net cash used for investing activities of approximately $nil and $nil for the six months ended June 30, 2022 and three months ended June 30, 21, respectively.


Net cash generated in financing activities was approximately $261k for the six
months ended June 30, 2022 compared to net cash used of approximately $36k for
financial activities for the six months ended June 30, 2021. In the six months
ended June 30, 2022, the Company raised funds through issuance of convertible
notes and stock issuance offset by repayment of its finance lease liabilities
and advances to related parties.









  22

Critical Accounting Estimates and Judgments





The Directors evaluate estimates and judgments incorporated into the financial
statements based on historical knowledge and best available current information.
Estimates assume a reasonable expectation of future events and are based on
current trends and economic data, obtained both externally and within the
Company.



Key Estimates



(i) Useful lives





The Company determines the estimated useful lives and related depreciation and
amortization charges for its property and equipment and finite life intangible
assets. The useful lives could change significantly as a result of technical
innovations or some other event. The depreciation and amortization charge will
increase where the useful lives are less than previously estimated lives, or
technically obsolete or non-strategic assets that have been abandoned or sold
will be written off or written down.



(ii) Income tax




The Company is subject to income taxes in the jurisdictions in which it
operates. Significant judgment is required in determining the provision for
income tax. There are many transactions and calculations undertaken during the
ordinary course of business for which the ultimate tax determination is
uncertain. The Company recognizes liabilities for anticipated tax audit issues
based on the Company's current understanding of the tax law. Where the final tax
outcome of these matters is different from the carrying amounts, such
differences will impact the current and deferred tax provisions in the period in
which such determination is made.

(iii) Fair value measure of shares issued, convertible notes payable and common


      stock warrants




The calculation of the fair value of shares issued requires significant estimate
to be made in regards to several variables. The estimations made are subject to
variability that may alter the overall fair value determined.



Key Judgments

(i) Provision for impairment of receivables

The provision for impairment of receivables assessment requires a degree of estimation and judgment. The level of provision is assessed by taking into account the recent sales experience, the ageing of receivables, historical collection rates and specific knowledge of the individual debtors' financial position.





(ii) Impairment

The Company assessed that no indicators of impairment existed at the reporting date and as such no impairment testing was performed.

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