The information contained in this quarter report on Form 10-Q is intended to
update the information contained in our Form 10-K dated April 15, 2021, for the
year ended December 31, 2020 and presumes that readers have access to, and will
have read, the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" and other information contained in such Form 10-K. The
following discussion and analysis also should be read together with our
financial statements and the notes to the financial statements included
elsewhere in this Form 10-Q.



The following discussion contains certain statements that may be deemed
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements appear in a number of places in
this Report, including, without limitation, "Management's Discussion and
Analysis of Financial Condition and Results of Operations." These statements are
not guarantees of future performance and involve risks, uncertainties and
requirements that are difficult to predict or are beyond our control.
Forward-looking statements speak only as of the date of this quarter report. You
should not put undue reliance on any forward-looking statements. We strongly
encourage investors to carefully read the factors described in our Form S-1/A
registration statement, filed on December 12, 2018, in the section entitled
"Risk Factors" for a description of certain risks that could, among other
things, cause actual results to differ from these forward-looking statements. We
assume no responsibility to update the forward-looking statements contained in
this quarter report on Form 10-Q. The following should also be read in
conjunction with the unaudited Condensed Consolidated Financial Statements and
notes thereto that appear elsewhere in this report.



Company Overview



We are a household appliances and related domestic appliances products company
in the PRC. Our principal business activity is the provision of household
appliances products and related domestic appliances products. Our products
improve the home lifestyle and living solutions experience, predominately
through power savings, resources efficiencies and functionalities of products.
We sell our products to corporate customers, retail customers and independent
distributors predominately in the PRC and intend to expand our business in other
countries around the world. Our products are typically used in a home setting of
consumers of all demographics on a daily basis and meet the convenience-oriented
preferences of today's consumer across a broad range of household activities. We
help make daily life easier through a broad range of products that offer
multi-purpose functions. Our diverse product portfolio includes televisions,
air-conditioners, laundry appliances, refrigerators and freezers, cooking
appliances, dishwashers, mixers and other small domestic appliances. Our
products are known for their quality, which is recognized by our consumers,
retail customers, and corporate customers alike. We believe our customers know
they can depend on our trusted brand. These factors generate loyalty which
empowers us to develop and launch new products that expand application scenarios
and transforms our product portfolio into the smart household appliances
category.



Our business has three main divisions and revenue streams, namely, (i) sales of
household appliances and related domestic appliances products; (ii) consultancy;
and (iii) integration and installation services. Virtually all of our products
are manufactured by independent original equipment manufacturers ("OEMs") in the
PRC. For the three months ended March 31, 2021, our revenue was $37,268, and our
gross profit was approximately $34,441. For the three months ended March 31,
2020, our revenue was $101,681, and our gross profit was approximately $44,583.
We conduct our business through Shenzhen Wiseman Smart Industrial Co., Limited
and its subsidiaries which are founded in the PRC and our Hong Kong subsidiary,
Wiseman Global Limited ("Wiseman HK").



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Results of operations for the three months ended March 31, 2021 and 2020





                                                                                                 Increase
                                           Three Months Ended March 31,                     (decrease) in 2021
                                        2021                          2020                   compared to 2020
                                    (In U.S. dollars, except for percentages)
Revenue                       $     37,268          100 %    $  101,681        100.0 %    $   (64.413 )     (63.4 )%

Cost of revenues                    (2,827 )       (7.6 )%      (57,098 )      (56.2 )%        54,271        95.1 %
Gross profit                        34,441         92.4 %        44,583         43.8 %        (10,142 )     (22.8 )%
Operating expenses                (122,372 )     (328.4 )%     (197,439 )     (194.2 )%        75,067        38.0 %
Other income, net                    7,957         21.4 %        73,471         72.3 %        (65,514 )     (89.2 )%
Loss from operations               (79,974 )     (214.6 )%      (79,385 )  

   (78.1 )%          (589 )      (0.7 )%
Net finance income                      12          0.0 %            33          0.0 %            (21 )     (63.6 )%
Income tax expense                       -            - %             -            - %              -           - %
Net loss                      $    (79,962 )     (214.6 )%   $  (79,352 )      (78.1 )%   $      (610 )      (0.8 )%




Revenues



For the three months ended March 31, 2021 and 2020, the Company generated
revenue in the amount of $37,268 and $101,681, respectively, representing a
significant decrease of approximately 63.4%. The revenue was generated from the
sales of household appliances and related products in PRC. The significant
decrease of revenue was a result of the overall decline of our business due to
the COVID-19 impact in the PRC.



Cost of Revenue



Cost of revenue for the three months ended March 31, 2021 amounted to
approximately $2,827 as compared to $57,098 for the three months ended March 31,
2020, representing a significant decrease of approximately 95.1%. The
significant decrease of cost of revenue was due to the revenue generated from
consultancy and integration and installation services, which both revenue
streams have minimal cost of revenues. The significant decrease of cost of
revenue was the result of the overall decline of our business due to the impact
of COVID-19 pandemic in the PRC too. The cost of revenue was predominantly the
cost of manufactured goods sold to customers.



Gross profit



Our gross profit decreased from $44,583 for three months ended March 31, 2020 to
approximately $34,441 for three months ended March 31, 2021, representing a
decrease of approximately 22.8%. The decrease was primarily attributable to our
revenue decline. The increase in gross margin from 43.8% to 92.4% was primarily
attributable to the revenue for the three months ended March 31, 2021 generated
from consultancy and integration and installation services, which both revenue
streams have minimal cost of revenues.



Operating Expenses



For the three months ended March 31, 2021 and 2020, we had operating expenses in
the amount of $122,372 and $197,439, respectively, representing a decrease of
approximately 38%. The decrease was primarily attributable to the decrease in
leases expense and advertising and promotion.



Income tax expenses

For the three months ended March 31, 2021 and 2020, we had an income tax expenses of nil and nil, respectively.





Net Loss

Our net loss for the three months ended March 31, 2021 and 2020 remained stable as we had a net loss of $79,962 and $79,352, respectively.

Liquidity and Capital Resources





Summary cash flows information for the three months ended March 31, 2021 and
2020 are as follow:



                                                        2021          2020
                                                          (In U.S. dollars)

Net cash provided by/(used in) operating activities $ 76,879 $ (22,944 ) Net cash provided by financing activities

$   2,200     $   9,097




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Cash Provided by/(Used in) Operating Activities





For the three months ended March 31, 2021, net cash provided by operating
activities was $76,879. For the three months ended March 31, 2020, net cash used
in operating activities was $22,944. The cash provided by operating activities
was attributable to accounts receivables, prepayments, deposits and other
receivables.

Cash Provided by Financing Activities





For the three months ended March 31, 2021 and 2020, the Company had advances of
$2,200 and $9,097, respectively, which is unsecured, interest-free, from our
sole executive officer and director, Mr. Lai Jinpeng.

For the three months ended March 31, 2021 and 2020, net cash provided by financing activities was $2,200 and $9,097, respectively, which reflected the proceeds from advances from the director.

Off-balance Sheet Arrangements





We have no significant off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in our financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that are material to our
stockholders as of March 31, 2021.



Contractual Obligations

As a smaller reporting company, we are not required to provide the aforementioned information.





Critical Accounting Policies

Recent accounting pronouncements





In February 2016, the Financial Accounting Standards Board (the "FASB") issued
Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842). Under the
new guidance, lessees will be required recognize the following for all leases
(with the exception of short-term leases) at the commencement date: 1) A lease
liability, which is a lessee's obligation to make lease payments arising from a
lease, measured on a discounted basis; and 2) A right-of-use asset, which is an
asset that represents the lessee's right to use, or control the use of, a
specified asset for the lease term. The new lease guidance simplified the
accounting for sale and leaseback transactions primarily because lessees must
recognize lease assets and lease liabilities. Lessees will no longer be provided
with a source of off-balance sheet financing. The amendments in this ASU are
effective for fiscal years beginning after December 15, 2018, including interim
periods within those years. This standard takes effect for fiscal years, and
interim periods within those fiscal years, beginning after December 15, 2018.
According to this new standard, the Company should record both right-of-use
asset and lease liability of $50,530 on its consolidated financial statements
for the period ended March 31, 2021.



In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on
Financial Instruments (Topic 326). ASU 2016-13 requires entities to use a
forward-looking approach based on current expected credit losses ("CECL") to
estimate credit losses on certain types of financial instruments, including
trade receivables. This may result in the earlier recognition of allowances for
losses. ASU 2016-13 is effective for the Company beginning January 1, 2023,

and
early adoption is permitted.

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's consolidated financial statements.

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