This section of the prospectus includes forward-looking statements that reflect our current views with respect to future events and financial performance. Forwardlooking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place an undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forwardlooking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.
PLAN OF OPERATION
Our plan of operations for the next twelve months is to proceed with the implementation of our business plan.
GOALS PROJECT OUTCOMES
Legal and Accounting Expenses Compliance with financial reporting and internal controls Website Design
Creation of our corporate website Civil Engineer or Surveyor's Fees Subdivision of lands Architect drawings Complete a set of plans for building permitsProject Consultants Quality Control of construction project Marketing and Promotion Marketing and public awareness activities Working Capital Office supplies, telephone, postage and other miscellaneous expenses
ACCOUNTING AND LEGAL EXPENSES- Our estimate these related expenses will range from
CREATE OUR CORPORATE WEBSITE- It is part of our business plan to have our website. A website can convey our corporate images and services to our potential customers. We believe our estimated cost of
SURVEYOR'S FEES- We are required to obtain surveyors' services related to subdivision of land. Our estimated cost for a surveyor' services will be
6
ARCHITECT DRAWINGS- We are required to obtain several sets of architect drawings in connection with our proposed construction projects. We estimated the cost for architect drawings will be
PROJECT CONSULTANTS- Once we have obtained the necessary building permits from the
MARKETING AND PROMOTION-Our staff will distribute our promotional fliers on foot, spending afternoons knocking on the doors of residences in targeted neighborhoods, as well as residences already in designated HOPE and Workforce areas. Speaking with potential buyers directly is the best way to inform and engage the communities. When speaking to residents, we will explain the Houston HOPE and Workforce programs, specifically mentioning how these programs can benefit them as future owners of our new homes and services. We will then outline in further detail the government assistance option available to them. The government can offer up to
The following table shows the projection of our building activities for three years: 1st Year milestone 2nd Year milestone 3rd Year milestone
Number of residential homes 2-3 homes 3-5 homes 5-8 homes Location of new residential homes Houston, Texas Houston, Texas Houston, Texas Estimated cost for each milestone$100,000 $200,000 $300,000
LIQUIDITY AND CAPITAL RESOURCES
OnJune 30, 2020 , our total assets were$775,283 and our total liabilities were$-0 - which resulted in working capital of 775,283. We expect to raise additional capital through the sale of equity or debt securities, private placement offerings, employee stock options plans, and advanced funds from our officer and director. Any deficiencies in general and administrative expenses will be covered from funds by our director and officer. Our officer and director,Tian Su Hua , has agreed to provide us a$1,000,000 line of credit with -0- interest. The management believes that an existing$1,000,000 line of credit agreement with our officer and director will be sufficient to cover our operational expense for the next twelve months.
From
Our accumulated loss since
7 OFF-BALANCE SHEET ARRANGEMENT
The Company has no material transactions, arrangements, obligations or other relationships with entities or other persons that have or are reasonably likely to have a material current or future impact, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenue or expenses.
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