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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

~~[X]~~☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For The Fiscal Year Ended March 31, ~~2020~~2022

[☐ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number ~~333~~000-~~218334~~56048

ECCO AUTO WORLD CORPORATION

(Exact name of registrant issuer as specified in its charter)

Nevada

30-0943638

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

Unit C, 4/F, China Insurance Building, 48 Cameron Road, Tsim Sha Tsui,

Kowloon, Hong Kong.

(Address of principal executive offices, including zip code)

Registrant’s phone number, including area code

+852 8134 5953

Securities registered pursuant to Section 12(b) of the Securities Exchange Act: None

Securities registered pursuant to Section 12(g) of the Securities Exchange Act: ~~None~~

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Title of each class		Trading Symbol		Name of each exchange on which registered
Common stock, par value $0.0001		EAWC		N/A

Indicate by check mark if the registrant is ~~not~~a ~~required~~well-known toseasoned ~~file~~issuer, ~~reports~~as ~~pursuant~~defined toin ~~Section~~Rule 13405 ~~or Section 15(d)~~ of the Securities Act. Yes ~~[ ]~~ ☐ No ~~[X]~~ ☒

Indicate by check mark ~~whether~~if the registrant ~~(1)~~is ~~has~~not ~~filed all reports~~ required to befile ~~filed~~reports bypursuant to Section 13 or Section 15(d) of the ~~Securities Exchange~~ Act. ofYes ~~1934~~☐ ~~during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),~~No ~~and (2) has been subject to such filing requirements for the past 90 days. YES [X] NO [ ]~~☒

Indicate by check mark whether the registrant (1) has ~~submitted~~filed ~~electronically~~all ~~and~~reports ~~posted on its corporate Web site, if any, every Interactive Data File~~ required to be ~~submitted~~filed ~~and~~by ~~posted~~Section ~~pursuant~~13 toor ~~Rule~~15(d) ~~405~~ of ~~Regulation~~the ~~S-T~~Securities ~~(section~~Exchange Act ~~232.405~~ of ~~this~~1934 ~~chapter)~~ during the preceding ~~twelve~~12 months (or for such shorter period that the registrant was required to ~~submit~~file such reports), and ~~post~~(2) has been subject to such ~~files)~~filing requirements for the past 90 days. YES ~~[ ]~~ ☒ NO ~~[X]~~ ☐

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~has ~~filers~~submitted ~~pursuant~~electronically toand ~~Item~~posted ~~405~~on ofits ~~Regulation~~corporate ~~S-K~~Web (§site, ~~229.405~~if ofany, ~~this~~every ~~chapter)~~Interactive Data isFile ~~not contained~~required ~~herein,~~to ~~and~~be ~~will~~submitted ~~not~~and beposted ~~contained,~~pursuant to ~~the~~Rule ~~best~~405 of ~~registrant’s~~Regulation ~~knowledge,~~S-T in(section ~~definitive~~232.405 ~~proxy~~of orthis ~~information~~chapter) ~~statements~~during the ~~incorporated~~preceding bytwelve ~~reference~~months in(or ~~Part~~shorter ~~III~~period ofthat ~~this~~the ~~Form~~registrant ~~10-K~~was orrequired ~~any~~to ~~amendment~~submit toand ~~this~~post ~~Form~~such ~~10-K~~files). ~~[X]~~ YES ☐ NO ☒

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ~~[ ]~~☐ Accelerated Filer ~~[ ]~~☐ Non-accelerated Filer ~~[ ]~~☐ Smaller reporting company ~~[X]~~☒ Emerging growth company ~~[X]~~ ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for ~~complying~~ complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ~~[ ]~~ ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ~~[ ]~~ ☐ No ~~[X]~~ ☒

The aggregate market value of the Company’s ~~common~~Common ~~stock~~Stock held by non-affiliates computed by reference to the closing bid price of the Company’s ~~common~~Common ~~stock~~Stock, as of the last business day of the registrant’s most recently completed second fiscal quarter:

N/A.

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class		Outstanding at ~~August~~July 1922, ~~2020~~2022
Common Stock, $0.0001 par value		93,089,643

~~Ecco~~ECCO Auto World Corporation

FORM 10-K

For the Fiscal Year Ended March 31, ~~2020~~2022

Index

		~~Page #~~	Page #
PART I
Item 1.	~~Business~~	3Business	3
Item 1A.	~~Risk Factors~~	6Risk Factors	4
Item 1B.	~~Unresolved Staff Comments~~	6Unresolved Staff Comments	4
Item 2.	~~Properties~~	6Properties	4
Item 3.	~~Legal Proceedings~~	6Legal Proceedings	4
Item 4.	~~Mine Safety Disclosures~~	6Mine Safety Disclosures	4
PART II
Item 5.	~~Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities~~	7Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	5
Item 6.	~~Selected Financial Data~~	9Selected Financial Data	6
Item 7.	~~Management’s Discussion and Analysis of Financial Condition and Results of Operations~~	9Management’s Discussion and Analysis of Financial Condition and Results of Operations	6
Item 7A.	~~Quantitative and Qualitative Disclosures About Market Risk~~	14Quantitative and Qualitative Disclosures About Market Risk	9
Item 8.	~~Financial Statements and Supplementary Data~~	14Financial Statements and Supplementary Data	9
Item 9.	~~Changes in and Disagreements with Accountants on Accounting and Financial Disclosure~~	14Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	9
Item 9A.	~~Controls and Procedures~~	14Controls and Procedures	9
Item 9B.	~~Other Information~~	15Other Information	11
PART III
Item 10.	~~Directors, Executive Officers and Corporate Governance~~	16Directors, Executive Officers and Corporate Governance	12
Item 11.	~~Executive Compensation~~	20Executive Compensation	15
Item 12.	~~Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters~~	22Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	17
Item 13.	~~Certain Relationships and Related Transactions, and Director Independence~~	23Certain Relationships and Related Transactions, and Director Independence	18
Item 14.	~~Principal Accounting Fees and Services~~	24Principal Accounting Fees and Services	19
PART IV
Item 15.	~~Exhibits, Financial Statement Schedules~~	25Exhibits, Financial Statement Schedules	20
SIGNATURES		26	21

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but ~~rather~~ rather are based on current expectations, estimates and projections. We may use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following:

● The availability and adequacy of our cash flow to meet our requirements; ● Economic, competitive, demographic, business, and other conditions in our local and regional markets; ● Changes or developments in laws, regulations, or taxes in our industry; ● Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial, and other governmental authorities; ● Competition in our industry; ● The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business; ● Changes in our business strategy, capital improvements or development plans; ● The availability of additional capital to support capital improvements and development; and ● Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC.

This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward -looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Defined Terms

Except as otherwise indicated by the context, references in this Report to:

● The “Company,” “we,” “us,” or “our,” “~~Ecco~~ECCO” are references to ~~Ecco~~ECCO Auto World Corp., a Nevada corporation. ● “Common Stock” refers to the common stock, par value $.0001, of the Company; ● “U.S. dollar,” “$” and “US$” refer to the legal currency of the United States; ● “Securities Act” refers to the Securities Act of 1933, as amended; and ● “Exchange Act” refers to the Securities Exchange Act of 1934, as amended.

PART I

ITEM 1. BUSINESS

Corporate History

ECCO Auto World Corporation, ~~a Nevada corporation (“the Company”)~~ was incorporated ~~under~~in ~~the laws of the State of~~ Nevada on June 6, 2016 (the “Company”).

~~ECCO~~On June 7, 2017, the Company acquired 100% interest in ECCO Auto World Corporation, ~~which~~a iscompany incorporated in Labuan, ~~Malaysia~~(“ECCO onLabuan”). On ~~March~~February 117, ~~2017~~2020, isthe aCompany acquired 100% of Free Share X-Change Limited, an Anguilla corporation (“FSX”), and its wholly owned subsidiary, ofVtrade ~~ECCO~~Technology ~~Auto~~Sdn. Bhd. (“Vtrade”) (collectively, “FSX Vtrade”). On January 2, 2021, ~~World~~the ~~Corporation~~Company sold its interests in ECCO Labuan and FSX Vtrade.

Mobile Application Development (“ECCO App”)

ECCO Auto World Corporation has engaged a third party for the development of ECCO App, which is a platform that connects users with auto repair shops and service centers throughout Malaysia and will be made up of a selection of auto repair shops who join our ‘ECCO Partnership’ and car owners who use the ECCO App. Auto repair shops that make use of ECCO user base will be subject to stringent supervision and entrant requirements in order to ensure quality service to users. The company has spent approximately $300,000 for the research and development of the mobile application.

The features of the ECCO App are as follows:

- SOS! Breakdown: In the event a driver experiences a breakdown they may utilize this feature of the ECCO App which will locate the auto repair shop nearest to their location via GPS. In the unforeseen event of a breakdown, users can send an SOS from their smartphones to the nearest auto repair shop for assistance. With over 5,000 auto repair shops located in Malaysia, users can expect a prompt response. - Pickup Service: This feature of the ECCO App will enable users to have their car picked up at their location for service or repair. For any number of reasons which could include, but is not strictly limited to: car troubles, scheduling difficulties, convenience, etc. a user may wish to have their car picked up rather than make the drive to an auto repair shop on their own. The ECCO App will send a request for a quote to all registered auto repair shops within the vicinity. The users can review and select whichever quote is best for them. - Membership Registration: Using the ECCO App will enable car owners who subscribe as a member to accumulate membership points which may, in the future, potentially be used for discounts that the user can redeem. Currently these discounts are unidentified. - Knowledge sharing educational platform: Using the ECCO App will enable car owners to educate themselves through reference articles and knowledge sharing via an in-app educational platform. At present the specific articles and references that will be in this section of the application have not yet been determined.

Finance IT Solution consultancy services

ECCO Auto World Corporation has expand their business toward consultancy in providing Finance IT solution to clients. In addition, Ecco Auto World Corporation was developing Cash & Treasury Management system that strives to provide clients’ businesses with a single view of cash across their entire operation. It equips clients with innovative but practical tools aimed at removing inefficiencies, and enhance the client’s skill in strategic planning, carry out effective cash decisions based on clear, actionable information

Basic

Bank Account Reconciliation

● Import balances and transactions from various sources ● Reconcile bank statements against accounting records ● Generate timely reconciliation reports ● Improve financial controls

Cash Visibility

● Consolidate cash across multiple accounts ● Gain a single window view of cash and liquidity ● Search, sort, filter and view account balances ● Visualize cash position, location, currency, liquidity

Cash Forecasting

● Leverage cash visibility to improve forecasting ● Allows manual entry for better forecast control ● Import external activity for more forecast accuracy ● Alerts to potential issues based on forecast results

Standard

Secure Transaction Handling

● Single transaction gateway ● Security and accountability ● On-The-Go approvals using mobile app

Integration

● Modular approach to upgrading and improving existing ERP or accounting systems ● Saves time and money especially for companies who have recently invested in new systems

Automation

● Refocus employees from tedious, repetitive tasks to important, strategic work ● Minimize instances of human error or oversight ● Increase response times and overall work efficiency

Marketing

Currently, we are developing a website which we feel will bolster our presence in the Malaysian marketplace. On the site we intend to list some of the key features of the ECCO App which we intend to offer. Additionally, we plan to utilize this website to educate and inform users so that they can fully understand the functionality and various features of our App. This website will also be critical to our pursuit of various online marketing campaigns which may include, but not strictly be limited to, social media campaigns and internet advertisement. However, at this point in time our online marketing activities have not been fully defined or established.

Competition

The industry in which the company competes is highly competitive, plenty of companies offer similar mobile application platform with internal software expertise support while we rely on third party developer. We may be at a substantial disadvantage to our competitors who have more capital than we do to carry out operations and marketing efforts. We hope to maintain our competitive advantage by utilizing the experience, knowledge, and expertise of our directors and future staff as well as offering exemplary our customer service.

Trademark

The ~~company~~Company doesn’t ~~owned~~own any patents, trademarks, licenses, franchises, concessions, royalty agreements or labor contracts ~~register~~ register under its subsidiaries in respective jurisdiction of which the subsidiary is operates.

Government regulation

We are subject to the laws and regulations of the jurisdictions in which we operate, which may include business licensing requirements, income taxes and payroll taxes. In general, the development and operation of our business is not subject to special regulatory and/or supervisory requirements.

Employees

As of March 31, ~~2020~~2022, and ~~2019~~2021 the ~~company~~Company ~~have~~has five (5) ~~full time~~ employees, all of ~~which~~them ~~consist~~are ~~solely of~~ our directors and officers~~, each have the flexibility to work on our business up to 25 to 30 hours per week, but they are prepared to devote more time if necessary~~.

We do not presently have pension, health, annuity, insurance, stock options, profit sharing, or similar benefit plans; however, we may adopt plans in the future. There are presently no personal benefits available to our ~~Officers~~directors, ~~Directors~~officers, or employees.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2. PROPERTIES

Our principal executive office is located at Unit C, 4/F, China Insurance Building, 48 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong.

ITEM 3. LEGAL PROCEEDINGS

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. ~~Litigation~~ Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. There are currently no pending legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition, or operating results. None of our directors, officers or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Presently, there is no public market for the common shares. There has been no trading in the Company’s securities, and there has been no bid or ask prices quoted. We cannot assure you that there will be a market for our ~~common~~Common ~~stock~~Stock in the future.

Holders

As of March 31, ~~2020~~2022, we had 93,089,643 shares of our issued and outstanding Common Stock, par value, $0.0001 ~~issued~~per ~~and outstanding~~share. There were 3438 beneficial owners of our Common Stock.

Transfer Agent and Registrar

The transfer agent for our capital stock is ~~VStock~~Vstock Transfer, LLC, with an address at 18, Lafayette Place, Woodmere, New York 11598 , and telephone number is +1 (212)828-843.

Penny Stock Regulations

The Securities and Exchange Commission has adopted regulations which generally define “penny stock” to be an equity security that has a market price of less than $5.00 per share. Our Common Stock, when and if a trading market develops, may fall within the definition of penny stock and be subject to rules that impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally those with assets inmore ~~excess of~~than $1,000,000, or annual incomes exceeding $200,000 individually, or $300,000, together with their spouse).

For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities and have received the purchaser’s prior written consent to the transaction. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the Securities and Exchange Commission relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer’s presumed control over the market. Finally, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. Consequently, the “penny stock” rules may restrict the ability of broker-dealers to sell our Common Stock and may affect the ability of investors to sell their Common Stock in the secondary market.

In addition to the “penny stock” rules promulgated by the Securities and Exchange Commission, the Financial Industry ~~Regulatory~~ Regulatory Authority (“FINRA”) has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low -priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our ~~common~~Common ~~stock~~Stock, which may limit the investors’ ability to buy and sell our stock.

Dividend Policy

Any future determination as to the declaration and payment of dividends on shares of our Common Stock will be made at the discretion of our board of directors out of funds legally available for such purpose. We are under no contractual obligations or restrictions to declare or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors currently intends to retain all earnings for use in the business for the foreseeable future.

Equity Compensation Plan Information

Currently, ~~there~~the isCompany has no equity compensation plan in place.

Unregistered Sales of Equity Securities

~~On January 23, 2018, the Company has completed the issuance and sale of an aggregate of 666,666 shares at a price of $0~~None.30 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share in a private placement to Home Boutique International Limited. The net proceeds to the Company amounted to $199,999.80 went directly to the Company as working capital. As a result, Form 8-K has filed with the Securities & Exchange Commission on January 25, 2018.

On August 24, 2018, Home Boutique International Limited subscribed 333,333 shares of common stock of the Company at $0.30 per share, par value $0.0001 per share. The net proceeds to the Company amounted to $100,000 respectively went directly to the Company.

On September 26, 2018, Home Boutique International Limited further subscribed 200,000 shares of common stock of the Company at $0.30 per share, par value $0.0001 per share. The net proceeds to the Company amounted to $60,000 went directly to the Company.

All the proceeds to the Company are intended for working capital purpose.

The shares sold in the private placement were issued in reliance on an exemption from registration under Section 4(a)(2) and/or Regulation S of the Securities Act of 1933, as amended (“Regulation S”). The bases for the availability of this exemption include the facts that the sales of the stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

Purchases of Equity Securities by the Registrant and Affiliated Purchasers

We have not repurchased any shares of our ~~common~~Common ~~stock~~Stock during the fiscal year ended March 31, ~~2020~~2022.

ITEM 6. SELECTED FINANCIAL DATA

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of our financial condition and results of operations should be read in conjunction with our audited ~~consolidated~~ financial statements and the notes to those financial statements appearing elsewhere in this Report.

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve ~~risks~~ risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. InConsidering ~~light of~~ these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

~~Overview~~6

ECCO Auto World Corporation, a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on June 6, 2016.

ECCO Auto World Corporation, which is incorporated in Labuan, Malaysia on March 1, 2017, is a wholly owned subsidiary of ECCO Auto World Corporation.

During the year , ECCO Auto World Corporation has expand their business toward consultancy in providing Finance IT solution to clients. In addition, Ecco Auto World Corporation was developing Cash & Treasury Management system that strives to provide clients’ businesses with a single view of cash across their entire operation. It equips clients with innovative but practical tools aimed at removing inefficiencies, and enhance the client’s skill in strategic planning, carry out effective cash decisions based on clear, actionable information.

Results of Operations

~~Revenues For the year ended March 31, 2020 and 2019~~Revenue

The Company has ~~generated~~no a revenue ofgenerated ~~$96,951~~ for the ~~year~~years ended March 31, ~~2020~~2022 and ~~$275,430 was generated for the year ended March 31, 2019~~2021. ~~During the year, the revenue generated was the result from providing consultancy service in Finance IT solution to client.~~

~~Cost~~General ofand ~~Revenue~~Administrative Expenses and Other Income

~~The~~General ~~cost~~and ofadministrative ~~revenue~~(“G&A”) ~~was~~expenses were $137,~~861~~487 and $45,973 for the ~~year~~years ended March 31, ~~2020~~2022 and ~~$43~~2021,~~132~~ ~~cost~~respectively. A ofdecrease ~~revenue~~in G&A expenses was ~~incurred~~resulted ~~for~~from the ~~company~~Company’s ~~year ended~~stringent ~~March~~cost ~~31, 2019~~management.

9There is no other income incurred for the year ended March 31, 2022. Other income for the year ended March 31, 2021 amounted to $1 which was derived from bank interest income.

~~General~~Net ~~and~~Income ~~Administrative~~or ~~Expenses & Other Income~~Loss

~~General~~Net ~~and~~loss ~~administrative expenses~~ for the year ended March 31, ~~2020~~2022 ~~and~~was ~~2019 amounted to~~ $~~130~~37,~~876~~487 ~~and~~as ~~$560,277~~compared ~~respectively, the~~to ~~significant~~net ~~decrease~~profit onof ~~the~~$108,953 ~~expenses~~for ~~was due to~~ the ~~management~~year ~~stringent~~ended ~~cost~~March of31, ~~control~~2021.

Other income for the year ended March 31, 2020 amounted to $93 which consist solely of income from bank interest, and other income for the year ended March 31, 2019 amounted to $2,876 which consist solely of income from bank interest.

Net Loss and Net Loss Margin

The net loss for the year ended March 31, 2020 was $35,693 as compared to 325,103 for the year ended March 31, 2019. The significant increase in net loss was primarily due to the decrease in general and administrative expenses and the acquisition of two new subsidiaries which has brought revenue into the group.

Liquidity and Capital Resources

As ~~of March~~ ~~31, 2020, the Company has net decrease in cash and cash equivalents~~ of ~~$51,610 compare with the net decrease in cash and cash equivalents of $17,880 as of~~ March 31, ~~2019.~~2022 ~~The~~and ~~different mainly due to decreases in issuance of share capital~~2021, ~~decrease~~ ~~in other payables and accrued liabilities and decrease in due to related parties. The~~ cash and cash equivalents as ofboth ~~March 31, 2020~~ were $81,~~969 compared to $60,579 as of March 31, 2019~~544.

~~Net cash used in operating activities for~~During the year ended March 31, ~~2020 was $65~~2022,~~834~~ ~~as compared to net cash used in operating activities of $132,066 for~~ the ~~year~~ ~~ended~~Company ~~March~~recorded ~~31,~~no ~~2019.~~change ~~Decrease~~ in ~~operating~~ cash ~~flow~~and ~~consumption~~cash ~~was~~equivalents ~~due~~comparing to ~~the~~a decrease in ~~net~~cash ~~loss~~and ~~primarily~~cash ~~due the decrease~~equivalents of ~~general~~$1,471 ~~and~~for ~~administrative expenses which was caused by~~ the ~~software~~year ~~development~~ended ~~cost~~March ~~and~~31, ~~increase of revenue due to acquisition of two new subsidiaries~~2021.

~~Net cash~~During ~~used in financing activities for~~ the year ended March 31, ~~2020~~2022, ~~was~~the ~~zero~~Company asrecorded ~~compare~~no tocash ~~net~~generated ~~cash~~from ~~provided~~or byused ~~financing~~in operating activities of ~~$160,014~~ for the year ended March 31, ~~2019.~~2022 ~~The~~as ~~decrease~~compared ~~was~~to ~~due~~$11,180 toof ~~the~~net ~~issuance~~cash ofgenerated ~~share~~from ~~capital~~operating activities for the year ended March 31, ~~2020~~2021.

~~There are no investing activities for~~Going ~~the year ended March 31, 2020 and there is no investing activities for the year ended March 31, 2020 while the net cash used in investing activities was $47,619 due to purchase of plant and equipment.~~concern

~~The revenues~~For ~~generated~~the ~~from~~year ~~our~~ended ~~current~~March ~~business~~31, ~~operations~~2022, ~~alone~~the ~~may~~Company ~~not~~incurred bea ~~sufficient~~loss toof ~~fund~~37,488 ~~our~~and ~~operations~~at orMarch ~~planned~~31, ~~growth. We~~2022, ~~will~~the ~~likely~~Company ~~require~~had ~~additional~~a ~~capital~~stockholders’ todeficit ~~continue~~of to$88,844 ~~operate~~and an ~~our~~accumulated ~~business~~deficit of $722,147. ~~and~~These tofactors ~~further~~raise ~~expand~~substantial ~~our~~doubt ~~business.~~about ~~Sources~~the ~~of additional~~Company’s ~~capital~~ability ~~through~~to ~~various~~continue ~~financing~~as ~~transactions~~a orgoing concern ~~arrangements~~within ~~with~~one ~~third~~year ~~parties~~of ~~may~~the ~~include~~date ~~equity~~that orthe ~~debt~~financial ~~financing~~statements are issued. As a result, our independent registered public ~~bank~~accounting ~~loans~~firm orincluded ~~revolving~~an ~~credit~~explanatory ~~facilities.~~paragraph Wein ~~may~~its ~~not~~report beon ~~successful~~our infinancial ~~locating~~statements ~~suitable~~as ~~financing~~of ~~transactions~~and infor the ~~time~~year ~~period required~~ended orMarch ~~at all~~31, 2022, ~~and~~with werespect ~~may~~to ~~not~~this ~~obtain~~going ~~the~~concern ~~capital~~uncertainty. weThis ~~require~~going byconcern ~~other~~opinion ~~means.~~could ~~Our~~materially ~~inability~~limit our ability to raise additional funds ~~when required~~through ~~may~~the ~~have~~issuance aof ~~negative~~new ~~impact~~debt or equity securities and future reports on our ~~operations,~~financial ~~business~~statements ~~development~~may ~~and~~also include ~~financial~~an ~~results~~explanatory paragraph with respect to our ability to continue as a going concern.

10The continuation of the Company as a going concern for one year from the date the financial statements are ready to be issued is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.

Critical Accounting Policies and Estimates

Use of estimates

In preparing these ~~consolidated~~ financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

Revenue recognition

InThe Company recognizes revenue in accordance with ~~the~~Financial Accounting Standard ~~Codification~~Board’s ~~Topic 605~~ (“~~Revenue Recognition~~FASB”) Accounting Standards Codification (“ASC ~~605~~”) Topic 606, ~~the Company~~Revenue ~~recognizes~~from Contracts with Customers. To determine revenue ~~when~~recognition ~~the~~under ~~following~~ASC ~~four~~606, ~~criteria~~an ~~are~~entity ~~met:~~performs the following five-steps (1i) ~~delivery~~identifies ~~has~~the ~~occurred~~contract(s) orwith ~~services~~a ~~rendered~~customer; (2ii) ~~persuasive~~identifies the performance obligations in the contract; ~~evidence~~(iii) ofdetermines anthe ~~arrangement~~transaction ~~exists~~price; (3iv) ~~there~~allocates ~~are~~the notransaction ~~continuing~~price to the performance obligations toin the ~~customer~~contract; and (4v) recognizes revenue when (or as) the ~~collection~~entity ofsatisfies ~~related accounts~~a ~~receivable~~performance obligation. The Company only applies the five-steps to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue, revenue of the year consist of solely from car maintenance, servicing scheduling and optimization advisory services.

Cost of revenues

Cost of revenues includes the cost directly attached to the realization of revenue, of which includes but not limited to the consultation services from the scope outline and coverage of services of ECCO mobile application.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Property and equipment

Property and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

Classification		Estimated useful lives
Computer and peripherals		5 years

Expenditures for maintenance and repairs are expensed as incurred.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

The Company conducts major businesses in Malaysia, Thailand, Hong Kong and China. The Company is subject to tax in these jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.

The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the year ended March 31, 2020 and year ended March 31, 2019. The Company and its subsidiary are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions.

Net loss per share

The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiary in Malaysia maintains their books and record in their local currency, Ringgits Malaysia (“RM”) which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.

Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the year ended March 31
	2020		2019
Year-end RM : US$1 exchange rate		4.31		3.92
Year-average RM : US$1 exchange rate		4.16		4.22

Source of currency rate: https://www.x-rates.com/

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair value of financial instruments:

The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts payable and accrued liabilities, and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Recent accounting pronouncements

~~The~~See ~~Company~~Note ~~has~~1 ~~reviewed~~of ~~all recently issued, but not yet effective, accounting pronouncements and do not believe~~ the ~~future~~financial ~~adoption of~~statements ~~such~~for ~~any pronouncements may be expected to cause~~ a ~~material~~discussion ~~impact on its financial condition or the results~~ of ~~its~~recent ~~operations, as~~accounting ~~follow:~~pronouncements.

Off-~~Balance~~balance ~~Sheet~~sheet ~~Arrangements~~arrangements

As of March 31, ~~2020~~2022, 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.

13Other significant events

The Company is unable to file its Form 10-K for the year ended March 31, 2022 (the “Report”) on time due to circumstances related to the COVID-19 global outbreak. The main operation of the Company is carried out in Kuala Lumpur, Malaysia. During the year 2020, the Malaysian government had imposed Movement Control Oder (MCO).

The MCO continued to year 2021 as Recovery Movement Control Order (RMCO), and even extended to total lockdown in June 2021. The officers had a limited access to the essential accounting documents and information stored in the Company’s office in Kuala Lumpur and the industry which the Company operates in was not deemed as essential services by the Malaysian government. Throughout the pandemic, the Company also experienced significant delays in operation and business development. The Company’s operation was suspended since then.

As such, the officers of the Company had a limited access to the documents and information necessary, it had been highly affected our operations along with our accountants, auditors, consultants, and professional advisors in their efforts to timely file the Report until early 2022. In relation to a letter issued by the SEC on May 10, 2022, the Company is not in compliance with the reporting requirements under Section 13(a) of the Securities Exchange Act of 1934, the Company is trying to fulfill the requirements and expects to file the Report no later than July 22, 2022.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial statements required by this item are located in PART IV of this Annual Report.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

~~Disclosures~~We ~~Control~~have established disclosure controls and ~~Procedures~~procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that information relating to the Company is accumulated and communicated to management, including our principal officers, as appropriate to allow timely decisions regarding required disclosure. Our Chief Executive and Financial Officer has evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2022 and has concluded that our disclosure controls and procedures were not effective as of March 31, 2022 due to material weaknesses in our internal control over financial reporting as described below.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, the companyManagement’s ~~principal executive and principal financial officers and effected by the company’s~~ ~~board~~Annual ofReport ~~directors,~~on ~~management~~Internal ~~and~~Control ~~other~~over ~~personnel,~~Financial to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:Reporting

●Management is ~~Pertain~~responsible tofor ~~the~~establishing ~~maintenance~~and ofmaintaining ~~records~~adequate ~~that~~internal control over financial reporting, as defined in ~~reasonable~~Exchange ~~detail~~Act ~~accurately~~Rule ~~and~~13a-15. Internal ~~fairly~~control ~~reflect~~over ~~the~~financial ~~transactions~~reporting is defined in Rule 13a-15(f) and ~~dispositions~~15(d)-15(f) ofunder the ~~assets~~Exchange ofAct ~~the~~as ~~company;~~a ●process ~~Provide~~designed to provide reasonable assurance ~~that~~to ~~transactions~~the ~~are~~Company’s ~~recorded~~management asand ~~necessary~~Board toof ~~permit~~Directors regarding the preparation and fair presentation of published financial statements. inManagement ~~accordance~~conducted ~~with~~an ~~accounting~~assessment ~~principles~~of ~~generally~~the ~~accepted~~Company’s ininternal ~~the~~control ~~United~~over ~~States~~financial reporting as of ~~America~~March ~~and~~31, ~~that~~2022, ~~receipts~~based ~~and~~on ~~expenditures of~~ the ~~company~~framework ~~are~~and ~~being~~criteria ~~made~~established ~~only~~by inthe ~~accordance~~Committee ~~with authorizations~~ of ~~management~~Sponsoring ~~and~~Organizations ~~directors~~ of the ~~company;~~Treadway ~~and~~Commission in ●Internal ~~Provide~~Control-Integrated ~~reasonable~~Framework ~~assurance~~(2013) ~~regarding~~(COSO). ~~prevention~~Based oron ~~timely~~the ~~detection~~assessment, ofmanagement ~~unauthorized~~concluded ~~acquisition~~that, ~~use~~as orof ~~disposition~~March of31, ~~the~~2022, ~~company~~the Company’s ~~assets~~internal ~~that~~controls ~~could~~over ~~have~~financial areporting ~~material~~were ~~effect~~not ~~on the financial statements~~effective.

~~Because~~We ofidentified ~~its~~material ~~inherent~~weaknesses ~~limitations,~~in our internal ~~control~~controls over financial reporting ~~may not prevent or detect misstatements~~. ~~Projections~~A ~~of any~~material ~~evaluation~~weakness ofis ~~effectiveness~~a ~~to future periods are subject to the risk that controls may become inadequate because of changes in conditions~~deficiency, or ~~that~~a ~~the degree~~ combination of ~~compliance~~deficiencies, ~~with~~in ~~the policies or procedures may deteriorate. All~~ internal control ~~systems, no~~over ~~matter~~financial ~~how~~reporting ~~well~~such ~~designed,~~that ~~have~~there ~~inherent~~is ~~limitations.~~a ~~Therefore,~~reasonable ~~even~~possibility ~~those~~that ~~systems~~a ~~determined~~material ~~to be effective can provide only~~misstatement ~~reasonable~~of ~~assurance~~our ~~with respect to~~ financial ~~statement~~statements ~~preparation~~will ~~and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may~~ not be prevented or detected on a timely basis ~~by internal control over financial reporting~~. ~~However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.~~

AsThe ofmaterial ~~March~~weaknesses ~~31,~~identified ~~2019,~~include ~~management~~(i) ~~assessed~~we ~~the~~had ~~effectiveness~~an insufficient number of ~~our~~personnel ~~internal~~appropriately ~~control~~qualified ~~over~~to ~~financial~~perform ~~reporting~~control ~~based~~design, execution onand ~~the~~monitoring ~~criteria for~~activities; ~~effective~~(ii) ~~internal~~we ~~control~~did ~~over~~not ~~financial~~have ~~reporting~~written ~~established~~documentation inof ~~Internal~~our ~~Control—Integrated~~internal ~~Framework~~control ~~issued~~policies byand ~~the~~procedures, including ~~Committee~~written ofpolicies ~~Sponsoring~~and ~~Organizations~~procedures ofto ensure the ~~Treadway~~correct ~~Commission~~application ~~(“COSO”)~~of accounting and ~~SEC~~financial ~~guidance~~reporting onwith ~~conducting~~respect ~~such~~to ~~assessments.~~the current requirements ~~Based~~of onU.S. ~~such~~GAAP ~~evaluation,~~and ~~the~~SEC ~~Company’s~~disclosure ~~management~~requirements; ~~concluded~~(iii) ~~that,~~we ~~during~~had ~~the~~ineffective ~~period~~controls ~~covered~~over byour ~~this~~financial ~~Report,~~statement ~~internal~~close ~~controls~~ and ~~procedures~~reporting ~~over~~process and ~~were~~did not ~~effective.~~provide ~~This~~reasonable ~~was~~assurance ~~due~~that toaccounts ~~deficiencies~~were ~~that~~complete ~~existed~~and inaccurate ~~the~~and ~~design~~agreed orto ~~operation~~detailed ofsupport ~~our~~and ~~internal~~that ~~controls~~reconciliations ~~over~~of ~~financial~~accounts ~~reporting~~were ~~that~~properly ~~adversely~~performed, ~~affected~~reviewed ~~our~~and ~~internal~~approved; ~~controls~~ and ~~that~~(iv) ~~may~~we behad ~~considered~~inadequate tosegregation beof ~~material~~duties ~~weaknesses~~consistent with control objectives.

14Notwithstanding the identified material weaknesses, management has concluded that the Financial Statements included in this Annual Report on Form 10-K present fairly, in all material respects, the Company’s financial position, results of operations and cash flows for the periods disclosed in conformity with U.S. GAAP.

~~Identified Material Weakness~~9

APlanned ~~material~~Remediation ~~weakness in internal control over financial reporting is a control deficiency, or combination~~ of ~~control~~Material ~~deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.~~Weaknesses

~~Management~~Our ~~identified~~management ~~the~~has ~~following~~been actively engaged in developing and implementing remediation plans to address material ~~weakness~~weaknesses ~~during~~described ~~its~~above. These ~~assessment~~remediation efforts are ongoing and include or are expected to include preparation of written documentation of our internal ~~controls~~control policies ~~over~~and ~~financial~~procedures, ~~reporting~~increasing personnel resources and technical accounting expertise within the accounting function, and to hire one or more additional personnel. During the fiscal year of 2022, and as of ~~March~~the 31date of this Report, we continue to work with an outside ~~2020~~consultant with experience and expertise in U.S. GAAP and public company SEC accounting and reporting requirements to assist management with its accounting and reporting of complex and/or non-recurring transactions and related disclosures.

1. We do not have an Audit Committee – While not being legally obligated to have an audit committee, it is the management’s view that such a committee, including a financial expert member, is an utmost important entity level control over the Company’s financial statement. Currently the Chief Executive Officer and Director act Changes in ~~the~~Internal ~~capacity~~Control ~~of the Audit Committee, and does not include a member that is considered to be independent of management to provide the necessary oversight~~ over ~~management’s~~Financial activities. 2. We do not have Written Policies & Procedures – Due to lack of written policies and procedures for accounting and financial reporting, the Company did not establish a formal process to close our books monthly and account for all transactions and thus failed to properly record the Private Placement or disclose such transactions in its SEC filings in a timely manner. 3. We did not implement appropriate information technology controls – As at March 31, 2020, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of the data in the event of theft, misplacement, or loss due to unmitigated factors.Reporting

~~Accordingly,~~There ~~the~~were ~~Company~~no ~~concluded~~changes ~~that~~in ~~these~~internal control ~~deficiencies~~over ~~resulted~~financial inreporting a(as ~~reasonable~~defined ~~possibility~~by ~~that~~Rules a13a-15(f) ~~material~~and ~~misstatement~~15d-15(f) ofunder the Exchange Act) during ~~annual~~the oryear ~~interim~~ended ~~financial~~March ~~statements~~31, ~~will~~2022, ~~not~~that behave ~~prevented~~materially affected, or ~~detected~~are onreasonably alikely ~~timely~~to ~~basis~~materially byaffect, ~~the~~our ~~company’s~~ internal ~~controls~~control over financial reporting.

AsInherent aLimitations ~~result~~on ofEffectiveness ~~the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as~~ of ~~March 31, 2020 based on criteria established in Internal Control—Integrated Framework issued by COSO.~~Controls

~~Management’s~~Our ~~Remediation~~management, ~~Initiatives~~including our Chief Executive and Financial Officer, intends that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their objectives. However, our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by management override of the controls. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

~~In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of measures:~~10

1. We plan to create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function when funds are available to us. The accounting personnel is responsible for reviewing the financing activities, facilitate the approval of the financing, record the information regarding the financing, and submit SEC filing related documents to our legal counsel in order to comply with the filing requirements of SEC. 2. We plan to prepare written policies and procedures for accounting and financial reporting to establish a formal process to close our books monthly on an accrual basis and account for all transactions, including equity and debt transactions. 3. We intend to add staff members to our management team for making sure that information required to be disclosed in our reports filed and submitted under the Exchange Act is recorded, processed, summarized and reported as and when required and will the staff members will have segregated responsibilities with regard to these responsibilities.

We anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2020.

Changes in internal controls over financial reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting:

This annual report does not include an attestation report of the Company’s registered independent public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered independent public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Annual Report on Form 10-K.

ITEM 9B. OTHER INFORMATION

~~None.~~Delay in filing of Form 10-K

15The Company is unable to file its Form 10-K for the year ended March 31, 2022 (the “Report”) on time due to circumstances related to the COVID-19 global outbreak. The main operation of the Company is carried out in Kuala Lumpur, Malaysia. During the year 2020, the Malaysian government had imposed Movement Control Oder (MCO) for the period from March 18 to March 31, 2020. The MCO was later extended for additional two weeks to April 14, 2020, and subsequently further extended to April 28 and May 12, 2020, respectively. Under the MCO, only businesses categorized under essential services such as water, electricity, energy, telecommunications, postal, transportation, banking, health, pharmacy, and food supply were allowed to operate with limited business hours. All other non-essential businesses were required to halt physical operations and public were only allowed to leave home for certain reasons, such as seeking medical assistance and buying groceries.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Our executive ~~officer~~officers’s and ~~director~~directors’s and their respective ages as of the date hereof are as follows:

NAME	AGE	POSITION
Jason Wong Chee Hon	49	Director, President, Secretary and Treasurer, Chief Executive Officer
Woo Shuk Fong	53	Director
Koh Khee Ngiap	56	Director
Wong Chee Hon Jason	51	Director, Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer
Koh Kok Wei	3941	Director
Joson Yeo Hung Kwang	45	Director
Koh Khee Ngiap	58	Director
Woo Shuk Fong	51	Director
Yeo Hung Kwang Joson	47	Director

Set forth below is a brief description of the background and business experience of our executive officers and directors for the past five years.

Woo Shuk Fong, -age 53, has served as our Director since June 2016. Ms. Woo had worked for Tse & Loke, Certified Public Accountants, as a company secretary from 1993 to 1996. Ms. Woo was responsible for the preparation of documents for the formation of companies, drafting board minutes, annual returns, Annual General Meetings, and taking care of clients’ statutory matters. From 1996 to 1997, Ms. Woo joined Global Business Services Limited. She was responsible for the preparation of documents for the formation of companies, drafting board minutes and handling clients’ statutory matters. Over the course of her career, she has accumulated more than 15 years of business experience in international trading.

~~Miss~~Ms. Woo ~~Shuk~~brings ~~Fong worked for Tse & Loke, Certified Public Accountants, as a company secretary from 1993~~ to ~~1996. Ms. Woo was responsible for~~ the ~~preparation of documents for the formation of companies, drafting~~ board ~~minutes, annual returns, Annual General Meetings, and taking care~~ of ~~clients’~~directors ~~statutory~~extensive ~~matters.~~knowledge ~~From 1996 to 1997, Ms. Woo joined Global Business Services Limited. She was responsible for the preparation of documents for the formation of companies, drafting board minutes~~ and handling clients’ statutory matters. From 1997 to 1998, Ms. Woo joined Ho & Ho, Certified Public Accountants, as a Company Secretary Assistant, responsible for handling statutory matters as well as preparing documents for setting up bank accounts and changing bank authorized signatory for clients. In July 1998, she resigned from Ho & Ho, Certified Public Accountants and joined Gilber & Associates as a director in September 1998 until her resignation in December 2015. Over the course of her carrier she has accumulated more than 15 years of business experience in international trading.

16Wong Chee Hon Jason, age 51, has served as our Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director since October 26, 2017. Mr. Wong graduated from University of Glasgow, Scotland and has more than 20 years working in management consultancy, start-ups, banking, and insurance industry with significant experience in many areas of technology delivery and strategic innovation in financial system. He managed and delivered multiple enterprises and digital projects for banks and insurance companies. Brainchild of innovative products, technologies, and R&D development in banking, financial, insurance, and Fintech services. Mr. Jason is the co-founder and director of IMocha Sdn. Bhd. since year 2003, his role includes providing technology and software solutions to banks, insurance, Fintech, and corporate clients in financial, payments, insurance, banking, and automation solutions. This primarily covers delivering custom and proprietary web and mobile applications as well as consultation services. He acts as an advisory and business development role for these businesses.

MsMr. ~~Woo’s~~Wong ~~experience~~brings ~~in business and international trading has led the Board of Director~~ to ~~reach~~ the ~~conclusion~~board ~~that she should serve as a Director~~ of ~~the~~directors’ ~~Company.~~business Inleadership ~~June~~and ~~2016,~~extensive ~~Ms.~~experience ~~Woo~~in ~~was~~technology ~~appointed~~product ~~as a Director of the Company~~development.

~~Jason~~Koh ~~Wong~~Kok ~~Chee~~Wei, ~~Hon~~age –41, ~~Chief~~has ~~Executive~~served ~~Officer,~~as our Director since October 26, ~~President~~2017. Mr. Koh Kok Wei (“Mr. Koh KW”) has more than 15 years in enterprise software implementation in banking, ~~Secretary~~financial and ~~Treasurer~~insurance services. Commercially driven and subject matter expert in transaction banking, enterprise cash management, treasury and payments marketplace in regional countries. Core formative role in the conceptualization, development, and creation of range of software IP. Mr. Koh KW is the co-founder and managing director for IMocha Sdn. Bhd. since year 2003, an IT consulting and software provider specializing in frontline banking and insurance delivery software, his role includes developing year on year business growth through new client acquisition, sales, business development, software product development (R&D), high-level project management and strategic partnership alliances.

Mr. ~~Jason~~Koh ~~Wong~~KW ~~Chee~~graduated ~~Hon,~~from ~~has~~Staffordshire ~~more~~University ~~than 20 years working~~ in ~~management~~UK ~~consultancy, start-ups, banking~~ and ~~insurance~~holds ~~industry~~a ~~with significant~~bachelor’s ~~experience~~degree ~~in many areas~~ of ~~technology~~science ~~delivery and strategic innovation~~ in ~~financial~~computing ~~system. Has managed~~ and ~~delivered multiple~~internet ~~enterprise and digital projects for banks and insurance companies~~technology. ~~Brain child of innovative products, technologies &~~ ~~R&D~~He ~~development~~brings into ~~banking, financial services and Insurance and Fintech. Mr. Jason is~~ the ~~co-founder~~board ~~and director~~ of ~~IMocha Sdn~~directors ~~Bhd~~extensive ~~since~~knowledge ~~year 2003, his role include providing technology~~ and ~~software~~experience ~~solutions to banks, insurance, fintech and corporate clients~~ in ~~the area of financial, payments, insurance, banking and automation solutions~~Fintech. ~~This primarily covers delivering custom and proprietary web & mobile applications as well as consultation services. He acts as an advisory and business development role for these businesses.~~

~~Mr.~~Koh ~~Jason~~Khee ~~graduated~~Ngiap, ~~from~~age ~~University~~58, ofhas ~~Glasgow,~~served ~~Scotland~~as our Director since October 26, ~~his~~2017. Mr. Koh Khee Ngiap (“Mr. Koh KN”) more than 20 years of experience in ~~technology~~corporate ~~product~~ development, ~~has~~merger ~~led~~and ~~the~~acquisition, ~~Board~~and venture capital funding facilitate. As one of ~~director~~Malaysia’s toearly ~~reach~~internet apioneers ~~conclusion~~and ~~that~~has hebeen ~~should~~instrumental ~~serve~~in asbuilding ~~the~~numerous ~~director~~Internet ofstart-up ~~the~~with ~~Company~~presence internationally. OnSince ~~October~~year 262016, ~~2017,~~ Mr. ~~Jason~~Koh ~~was~~KN has been appointed as ~~the director~~chief corporate development officer of IMocha, ~~president~~is responsible for idea generation, ~~treasurer~~deal structuring, negotiation, and ~~secretary~~divestitures offor ~~the Company~~IMocha.

Mr. Koh KN graduated from Upsala College, USA and holds a bachelor’s degree of science in computer information science and business ~~Kok~~studies. ~~Wei~~He -brings ~~Director~~to the board of director extensive experience in corporate development.

~~Mr.~~Yeo ~~Koh~~Hung ~~Kok~~Kwang ~~Wei~~Joson, ~~has~~age ~~more~~47, ~~than~~has 15served ~~years~~as inour ~~Enterprise~~Director ~~Software~~since ~~Implementation~~October ~~in banking~~26, ~~financial~~2017. ~~services and Insurance~~Mr. ~~Commercially driven~~Yeo ~~and~~has ~~subject~~more ~~matter~~than ~~expert~~18 inyears ~~the~~of ~~area~~experience ofin ~~Transaction~~regional enterprise ~~Banking~~IT solutions, ~~Enterprise~~mobile ~~Cash~~O2O ~~Management~~platform, ~~Treasury~~ITSM &and ~~Payments~~MSP market ~~place~~ indevelopment ~~regional~~covering ~~countries.~~FSI, ~~Core~~corporate, ~~formative role in the conceptualization~~government, ~~development~~Telco and ~~creation~~MSME ~~of range of Software IP~~industries. Since 2016, Mr. ~~Kok~~ isYeo has been the ~~co-founder~~chief ~~and~~business ~~managing~~development ~~director~~officer ~~for~~of IMocha Sdn. Bhd ~~since year 2003~~., ~~an IT consulting and software provider specializing in frontline banking and insurance delivery software,~~ his role ~~includes~~focuses ~~developing year~~ on ~~year~~strengthening ~~business~~global ~~growth through new client acquisition~~alliances, corporate ~~sales~~governance, ~~business~~fintech ~~development,~~innovation ~~software product~~ development ~~(R&D),~~landscape ~~high-level project management~~ and ~~strategic partnership~~operation ~~alliances~~process optimization.

Mr. ~~Koh~~Yeo graduated infrom ~~Stafforshire~~ATC ~~University in UK with Bachelor of Science in Computing~~College, ~~internet technology, his experience in financial~~ and ~~technology~~he ~~industry~~brings ~~has led the Board of director~~ to ~~reach a conclusion that he should serve as~~ the ~~director~~board of ~~the~~directors ~~Company. On~~extensive ~~October~~knowledge ~~26,~~and ~~2017,~~experience ~~Mr.~~in ~~Koh~~business ~~was appointed as the director of the Company~~management.

~~Joson Yeo Hung Kwang - Director~~12

Mr. Joson Yeo Hung Kwang, has than 18 years of experience in regional Enterprise IT Solutions, Mobile O2O Platform, ITSM and MSP Market Development covering FSI, Corporate, Government, Telco and MSME industries. Focus on Global Alliances, Corporate Governance, FINTECH Innovation Development Landscape and Operation Process Optimization for the Company. And pioneering Company Co-Innovation Lab initiative. From year 2012 to 2015, Mr. Joson was the Chief Strategy Officer in Moxian, Inc, responsible for creating regional business affiliate program for corporate and merchants’ network, managing the Company’s sales & business development planning and execution benchmark. In year 2016, Mr. Joson is appointed as Chief Business Development Officer for IMocha Sdn Bhd, his role focuses on strengthening global alliances, corporate governance, fintech innovation development landscape and operation process optimization.

Mr. Joson graduated from ATC College, his experience in business management and business development has led the Board of director to reach a conclusion that he should serve as the director of the Company. On October 26, 2017, Mr. Joson was appointed as the director of the Company.

Koh Khee Ngiap - Director

Mr. Koh Khee Ngiap, has more than 20 years of experience in Corporate Development, Merger & Acquisition and Venture Capital Funding Facilitate. As one of Malaysia’s early Internet pioneers and has been instrumental in building numerous Internet start-up with presence internationally. In 2011, Mr. Koh was one of the founding member of Moxian, Inc. and appointed as the Chief Executive Officer of its Malaysia subsidiary from year 2011 to 2014, Moxian Malaysia Sdn Bhd. His responsibility as a CEO of Moxian Malaysia Sdn Bhd is overseeing the business operation in Malaysia. Since year 2016, Mr. Koh has been appointed as Chief Corporate Development Officer of IMocha, responsible for idea generation, deal structuring, negotiation and divestitures for the company.

Mr. Koh holds a Bachelor of Science degree in Computer Information Science and Business Studies from Upsala College, USA, his experience in corporate development has led the Board of director to reach a conclusion that he should serve as the director of the Company. On October 26, 2017, Mr. Koh was appointed as the director of the Company.

Corporate Governance

The Company promotes accountability for adherence to honest and ethical conduct; endeavors to provide full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with the Securities and Exchange Commission (the “SEC”) and in other public communications made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations. The Company has not formally adopted a written code of business conduct and ethics that governs the Company’s employees, officers and Directors as the Company is not required to do so.

In lieu of an ~~Audit~~audit ~~Committee~~committee, the Company’s ~~Board~~board of ~~Directors~~directors, is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing the scope, results, and effectiveness of the annual audit of the Company’s financial statements and other services provided by the Company’s independent public accountants. The ~~Board~~Chief ofExecutive ~~Directors,~~and ~~the~~Financial ~~Chief Executive~~ Officer and the ~~Chief~~board ~~Financial~~of ~~Officer~~directors of the Company review the Company’s internal accounting controls, practices , and policies.

Committees of the Board

Our Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does ~~our~~ our Company have a written nominating, compensation, or audit committee charter. Our ~~Directors~~directors believes that it is not necessary to have such committees, at this time, because the ~~Directors~~directors can adequately perform the functions of such committees.

Audit Committee Financial Expert

Our ~~Board~~board of ~~Directors~~directors has determined that we do not have a board member that qualifies as an “audit committee financial expert” as defined in Item 407(D)(5) of Regulation S-K, nor do we have a ~~Board~~board member that qualifies as “independent” as the ~~term~~ term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14) of the FINRA Rules.

Audit committee financial expert means a person who has the following attributes:

(1)	An understanding of generally accepted accounting principles and financial statements;
(2)	Experience applying such generally accepted accounting principles in connection with the accounting for estimates, accruals, and reserves that are generally comparable to the estimates, accruals and reserves, if any, used in the registrant’s financial statements;
(3)	Experience preparing or auditing financial statements that present accounting issues that are generally comparable to those raised by the registrant’s financial statements;
(4)	Experience with internal controls and procedures for financial reporting; and
(5)	An understanding of audit committee functions.

Currently, ~~our~~the ~~company~~Company does not have an audit committee or an audit committee financial expert (as defined in Item 407 of Regulation S-K) ~~serving~~ serving on its ~~Board~~board of ~~Directors~~directors because given the early stage of our business development, it is costly to retain an independent Director who qualify as an audit committee financial expert. However, we expect, in the foreseeable future, to form such a committee composed of our non-employee directors. We may attempt to add a qualified board member to serve as an audit committee financial expert in the future, subject to our ability to locate and compensate such a person. The audit committee’s duties will be to recommend to ~~our~~the ~~company~~Company’s board of directors the engagement of an independent registered public accounting firm to audit ~~our~~ ~~company~~the Company’s financial statements and to review ~~our~~the ~~company~~Company’s accounting and auditing principles.

1813

Involvement in Certain Legal Proceedings

Our ~~Directors~~directors and our ~~Executive~~executive officers have not been involved in any of the following events during the past ten years:

1. ~~bankruptcy~~Bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; 2. ~~any~~Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); 3. ~~being~~Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his/her involvement in any type of business, securities or banking activities; or 4. ~~being~~Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated. 5. Such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated; 6. Such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended, or vacated; 7. Such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:(i) Any Federal or State securities or commodities law or regulation; or(ii) Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or(iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or 8. Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Code of Ethics

We have not adopted a formal Code of Ethics. The ~~Board~~board of ~~Directors~~directors evaluated the business of the Company and the number of employees ~~and~~ and determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal, business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or ~~Directors~~ ~~expand~~directors expand in the future, we may take actions to adopt a formal Code of Ethics.

Shareholder Proposals

~~Our~~The Company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for ~~Directors~~directors. The ~~Board~~board of ~~Directors~~directors ~~believes~~believe that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business operations develop to a more advanced level. ~~Our~~The Company does not currently have any specific or minimum criteria for the election of nominees to the ~~Board~~board of ~~Directors~~directors and we do not have any specific process or procedure for evaluating such nominees. The ~~Board~~board of ~~Directors~~directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes to communicate with our ~~Board~~board of ~~Directors~~directors may do so by directing a written request addressed to our President, at the address appearing on the first page of this Information Statement.

1914

ITEM 11. EXECUTIVE COMPENSATION

The following table sets forth information concerning the compensation of our Chief Executive Officer, and the executive officers who served for at the ~~end~~year ofended ~~the period~~ March 31, ~~2020~~2022, for services rendered in all capacities to us.

Name and Principle Position	Period		Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non- Equity Incentive Plan Compensation ($)		Non-qualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
Name and Principal Position		Year		Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Non-Qualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
	For the year ended March 31, 2020.		-		-		-		-		-		-		-		-
Wong Chee Hon Jason,		2022		-		-		-		-		-		-		-		-
Jason Wong Chee Hon Chief Executive Officer (1)	For the year ended March 31, 2020.		-		-		-		-		-		-		-		-
Chief Executive and Financial Officer		2021		-		-		-		-		-		-		-		-

(1)

On October 26, 2017, Mr. Yiap Soon Keong resigned from the positions with the Company, including that of President, Secretary, Treasurer and Director but remained as a Chief Executive Officer of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Yiap Soon Keong has been the President, Secretary, Treasurer and Director of the Company since June 6, 2016.

(2)

On February 18, 2020, Mr Yiap Soon Keong resigned as the as the Chief Executive Officer of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On February 18, 2020, the Board of Directors of the Company appointed Jason Wong Chee Hon as the Chief Executive Officer of the Company.

Narrative Disclosure to Summary Compensation Table

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive stock options at the discretion of our board of directors in the future. We do not have any material bonus or profit -sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of our board of directors from time to time. We have no plans or arrangements in respect of remuneration received or that may be received by our executive officers to compensate such officers in the event of termination of employment (asbecause ~~a result~~ of resignation, retirement, change of control) or a change of responsibilities following a change of control.

Stock Option Grants

We have not granted any stock options to our executive officers since our incorporation.

2015

Compensation of Directors

The table below summarizes all compensation of our directors as of March 31, ~~2020~~2022.

Name and Principle Position	Period		Fee ($)				Bonus ($)				Stock Awards ($)				Option Awards ($)				Non- Equity Incentive Plan Compensation ($)				Non-qualified Deferred Compensation Earnings ($)				All Other Compensation ($)				Total ($)
Name and Principal Position	Year				Fee ($)				Bonus ($)				Stock Awards ($)				Option Awards ($)				Non-Equity Incentive Plan Compensation ($)				Non-Qualified Deferred Compensation Earnings ($)				All Other Compensation ($)				Total ($)
Woo Shuk Fong, Director (1)	~~For the year ended March 31, 2020.~~	2022		-		-		-		-		-		-		-		-		-		-		-		-		-		-		-		-
	For the year ended March 31, 2019.			-				-				-				-				-				-				-				-
		2021				-				-				-				-				-				-				-				-
Koh Khee Ngiap, Director (3)	For the year ended March 31, 2020			-				-				-				-				-				-				-				-
Wong Chee Hon Jason, Chief Executive and Financial Officer, President, Secretary, Treasurer and Director (2)		2022				-				-				-				-				-				-				-				-
	For the year ended March 31, 2019.			-				-				-				-				-				-				-				-
		2021				-				-				-				-				-				-				-				-
Koh Kok Wei, Director (4)	For the year ended March 31, 2020			-				-				-				-				-				-				-				-
Koh Kok Wei, Director (3)		2022				-				-				-				-				-				-				-				-
	For the year ended March 31, 2019.			-				-				-				-				-				-				-				-
		2021				-				-				-				-				-				-				-				-
Joson Yeo Hung Kwang, Director (5)	For the year ended March 31, 2020			-				-				-				-				-				-				-				-
Koh Khee Ngiap, Director (4)		2022				-				-				-				-				-				-				-				-
	For the year ended March 31, 2019.			-				-				-				-				-				-				-				-
		2021				-				-				-				-				-				-				-				-
Yeo Hung Kwang Joson, Director (5)		2022				-				-				-				-				-				-				-				-
		2021				-				-				-				-				-				-				-				-

(1)	On June 6, 2016, Ms. Woo Shuk Fong was appointed as a Director of the Company.
(2)	On October 26, 2017, Mr. ~~Jason~~ Wong Chee ~~Hong~~Hon Jason was appointed as ~~the~~Chief ~~director~~Executive and Financial Officer, ~~president~~President, ~~treasurer~~Secretary, Treasurer and ~~secretary~~a Director of the Company.
(3)	On October 26, 2017, Mr. Koh ~~Khee~~Kok ~~Ngiap~~Wei was appointed as ~~the~~a ~~director~~Director of the Company.
(4)	On October 26, 2017, Mr. Koh ~~Kok~~Khee ~~Wei~~Ngiap was appointed as ~~the~~a ~~director~~Director of the Company.
(5)	On October 26, 2017, Mr. ~~Joson~~ Yeo Hung Kwang Joson was appointed as ~~the~~a ~~director~~Director of the Company.

Employment Agreements

We do not have an employment or consulting agreement with any officers or ~~Directors~~directors.

Compensation Discussion and Analysis

~~Director~~Directors’ Compensation

Our ~~Board~~board of ~~Directors~~directors does not currently receive any consideration for their services as members of the ~~Board~~board of ~~Directors~~directors. The ~~Board~~ board of directors ~~Directors~~ reserves the right in the future to award the members of the ~~Board~~board of ~~Directors~~directors’ cash or stock -based consideration ~~for~~ for their services to the Company, which awards, if granted shall be in the sole determination of the ~~Board~~board of ~~Directors~~directors.

Executive Compensation Philosophy

Our ~~Board~~board of ~~Directors~~directors determines the compensation given to our executive officers in their sole determination. Our ~~Board~~board of ~~Directors reserves~~directors reserves the right to pay our executive or any future executives a salary, and/or issue them shares of ~~common~~Common ~~stock~~Stock in consideration for services rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer’s performance. This package may also include long-term stock -based compensation to certain executives, which is intended to align the performance of our executives with our long-term business strategies. Additionally, while our ~~Board~~board of ~~Directors~~ directors has not granted any performance base stock options to date, the ~~Board~~board of ~~Directors~~directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would be in the best interests of the Company.

Incentive Bonus

The ~~Board~~board of ~~Directors~~directors may grant incentive bonuses to our executive officer and/or future executive officers in its sole discretion, if the board ~~Board~~ of ~~Directors~~directors believes such bonuses are in the Company’s best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

Long-term, Stock Based Compensation

InTo ~~order to~~ attract, retain and motivate executive talent necessary to support the Company’s long-term business strategy we may award our executive and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our ~~Board~~board of ~~Directors~~directors, which we do not currently have any immediate plans to award.

2116

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As of March 31, ~~2020~~2022, the Company ~~has~~had 93,089,643 shares of ~~common~~Common ~~stock~~Stock issued and outstanding, ~~which~~and this number of ~~issued and outstanding~~ shares ofwas ~~common stock have been~~ used throughout this report.

The following table sets forth, as of March 31, ~~2020~~2022 certain information with regard to the record and beneficial ownership of the Company’s Common ~~common~~Stock ~~stock~~ by (i) each person known to the Company to be the record or beneficial owner of more than 5% of the Company’s ~~common stock~~Common Stock, (ii) each director of the Company, (iii) each of the named executive officers, and (iv) all executive officers and directors of the Company as a group:

Title of Class	Name and Address of Shareholders(1)		Amount and Nature of Shareholders Ownership				Percent of Class
Name of Beneficial Owner (1)	Number of Shares Beneficially Owned (1) (2)				Percentage of Shares Beneficially Owned (1)
Common Stock	Yiap Soon Keong (i), (ii), (iii) A-9-1 No 6 Jalan Sri Jati 2, Taman Sri Jati Jalan Puchong Willayah Persekutuan, Kuala Lumpur 58200 Malaysia.			34,000,000				36.52	%
Woo Shuk Fong		153,000				0.16	%
Common Stock	Woo Shuk Fong (ii) Flat C, 4/F, Block 6, Beverly Garden, 1 Tong Ming Street Tseung Kwan O Hong Kong, China.			153,000				0.16	%
Director
	All of the officers and directors as a group (iv)			34,153,000				36.68	%
Wong Chee Hon Jason		-				-
Common Stock	GreenPro Asia Strategic SPC 2201, 22/F, Malaysia Building, 50 Gloucester Road Wan Chai, Hong Kong, China.			52,000,000				55.86	%
Chief Executive Officer, President, Secretary, Treasurer and Director
Koh Khee Ngiap		-				-
Director
Koh Kok Wei		-				-
Director
Yeo Hung Kwang Joson		-				-
Director
All the officers and directors as a group (5 persons named above)		153,000				0.16	%
Yiap Soon Keong (3)		34,000,000				36.52	%
Greenpro Asia Strategic SPC (4)		52,000,000				55.86	%
Other owners of the Company		6,936,643				7.46	%
Total		93,089,643				100.00	%

(1)	Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. Beneficial ownership also includes shares of stock subject to options and warrants currently exercisable or exercisable within 60 days of the date of this table. In determining the percent of ~~common~~Common ~~stock~~Stock owned by a person or entity as of the date of this Report, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including shares which may be acquired within 60 days on exercise of warrants or options and conversion of convertible securities, and (b) the denominator is the sum of (i) the total shares of ~~common~~Common ~~stock~~Stock outstanding on as of the date of this Annual Report (93,089,643 shares), and (ii) the total number of shares that the beneficial owner may acquire upon exercise of the derivative securities. Unless otherwise stated, each beneficial owner has sole power to vote and dispose of its shares.
(2)	Based on the total issued and outstanding shares of 93,089,643 as of the date of this Annual Report.
(3)	Mr. Yiap Soon Keong had been the Chief Executive Officer, President, Secretary, Treasurer and Director of the Company since June 6, 2016. On October 26, 2017, Mr. Yiap resigned from the positions with the Company, including that of President, Secretary, Treasurer and Director but remained as the Chief Executive Officer of the Company.
	On February 18, 2020, Mr Yiap resigned as the Chief Executive Officer of the Company and at the same day, the board of directors of the Company appointed Wong Chee Hon Jason as the Chief Executive and Financial Officer of the Company.
(4)	Greenpro Asia Strategic SPC is a fund established in the Cayman Islands (the “Fund”).

2217

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE

On June 6, 2016, Ms. Woo Shuk Fong was appointed as President, Secretary, Treasurer, and a member of our ~~Board~~board of ~~Directors~~directors. Additionally, on June 6, 2016, the ~~company~~Company issued 100,000 shares of restricted ~~common~~Common ~~stock~~Stock, each with a par value of $0.0001 per share, to Ms. Woo for initial working capital of $10.

On September 22, 2016, Ms. Woo ~~Shuk Fong~~ resigned as President, Secretary and Treasurer. On September 22, 2016, Mr. Yiap Soon Keong was appointed as President, Secretary, Treasurer, and a member of our ~~Board~~board of ~~Directors~~directors. Moreover, on September 22, 2016, the ~~company~~ Company issued 24,000,000 shares of restricted ~~common~~Common ~~stock~~Stock to Yiap Soon Keong and on October 3, 2016 the ~~company~~Company issued 4,000,000 and 52,000,000 shares of restricted Common ~~common~~Stock ~~stock~~ to Greenpro Venture Capital Limited and Greenpro Asia Strategic SPC, respectively, each with par value of $0.0001 per share, for additional working capital of $8,000. Mr. Lee Chong Kuang and Mr. Loke Che Chan Gilbert have voting and dispositive power over the shares held by ~~GreenPro~~Greenpro Asia Strategic SPC. ~~The address for Greenpro Asia Strategic SPC - Greenpro Asia Strategic Fund SP is 2201, 22/F, Malaysia Building, 50 Gloucester Road Wan Chai, Hong Kong, China.~~

On September 25, 2016, the ~~company~~Company issued 20,000 shares of restricted ~~common~~Common ~~stock~~Stock to Woo Shuk Fong at the price of $0.10 per share, ~~for~~ for additional working capital of $2,000.

On January 19, 2017, the ~~company~~Company issued 10,000,000 shares of restricted ~~common~~Common ~~stock~~Stock to Yiap Soon Keong, each with par value of $0.0001 per share, for additional working capital of $1,000.

On October 10, 2017, the ~~company~~Company issued 33,000 shares of free- traded ~~common~~Common ~~stock~~Stock to Woo Shuk Fong, each with par value of $0.15 per share, for additional working capital of $4,950 in ~~related~~relation to initial public offering which was declared effective by Securities & Exchange Commission on September 14, 2017.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4(a)(2) and/or Regulation S of the Securities Act of 1933, as amended (“Regulation S”) for the above sales of the stock since the sales of the stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

Related Party Transactions

For the year ended March 31, ~~2020~~2022, the Company ~~has~~had entered into following transactions or ~~has~~had a cumulative balance with respective ~~related~~ related parties:

(1) Asia UBS Global Limited, is a subsidiary of Greenpro Capital Corp. Greenpro Capital Corp. through its another subsidiary, Greenpro Venture Capital Limited owns approximately 4.30% of the Company’s issued and outstanding shares as(collectively ~~of March 31, 2020~~“Greenpro”). ~~For~~As ~~the~~of ~~year ended~~ March 31, ~~2020~~2022, the Company ~~has~~had ~~incurred professional~~secretarial ~~fee of $14,867 and company renewal~~ fees ofpayable ~~$4,767.~~to ~~For~~Greenpro ~~the year ended March 31, 2019, the Company has incurred company renewal fees~~ of $4,~~542 respectively~~000.

Greenpro Financial Consulting Limited is a subsidiary of Greenpro Capital Corp., through its subsidiary Greenpro Venture Capital Limited owns approximately 4.30% of the Company issued and outstanding shares as of March 31, 2020. For the year ended March 31 2019, the Company has incurred professional fees $18,800.

For the year ended March 31, 2019, the Company has enter into and settle transaction with Imocha Sdn Bhd amounted to $100,000 regarding the software development cost..

Review, Approval and Ratification of Related Party Transactions

Given our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval, or ~~ratification~~ ratification of transactions, such as those described above, with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval, or ratification of our ~~Board~~board of ~~Directors~~directors, or an appropriate committee thereof. On a moving forward basis, our ~~Directors~~directors will continue to approve any related party transaction.

Director Independence

Our board of directors is currently composed of five members, neither of whom qualifies as an independent director in accordance with ~~the~~ the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us ~~with~~about ~~regard to~~ each director’s business and personal activities and relationships as they may relate to us and our management.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees

The following table sets forth the aggregate fees billed to the Company by its independent registered public accounting firm, ~~Total Asia~~Weinberg ~~Associates~~& Company, for the fiscal years indicated.

ACCOUNTING FEES AND SERVICES	For the year ended March 31, ~~2020~~2022		For the year ended March 31, ~~2019~~2021
Audit fees	$	3415,~~165~~000	$	915,000
Audit related fees		~~4,500~~-		~~4,500~~-
Tax fees		-		-
All other fees		-		-
Total	$	3815,~~665~~000	$	1315,~~500~~000

The category of “Audit fees” includes fees for our annual audit, quarterly reviews and services rendered in connection with regulatory filings with the SEC, such as the issuance of comfort letters and consents.

The category of “Audit-related fees” includes employee benefit plan audits, internal control reviews and accounting consultation.

All of the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for last two fiscal years were approved by our board of directors.

2419

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

(a) Financial Statements

The following are filed as part of this report:

Financial Statements

The following financial statements of ~~Ecco~~ECCO Auto World Corp. and Report of Independent Registered Public Accounting Firm are presented in in the “F” pages of this Report:

	Page
Index	F-1
Report of Independent Registered Public Accounting Firm	F-2
Report of Independent Registered Public Accounting Firm (PCAOB ID: 572)	F-2
Financial Statements
Consolidated Balance Sheets	F-3
Consolidated Balance Sheets as of March 31, 2022 and 2021	F-3
Consolidated Statements of Operations	F-4
Consolidated Statements of Operations and Comprehensive Loss for the Years Ended March 31, 2022 and 2021	F-4
Consolidated Statements of Stockholders’ Equity	F-5
Consolidated Statement of Changes in Stockholders’ Deficit for the Years Ended March 31, 2022 and 2021	F-5
Consolidated Statements of Cash Flows	F-6
Consolidated Statements of Cash Flows for the Years Ended March 31, 2022 and 2021	F-6
Notes to Consolidated Financial Statements	F-7 – F-13
Notes to Consolidated Financial Statements for the Years Ended March 31, 2022 and 2021	F-7 – F-12

(b) Exhibits

The following exhibits are filed or “furnished” herewith:

3.1	Articles of Incorporation**
3.2	Bylaws**
31.1	~~Rule~~Certification ~~13(a)-14(a)/15(d)-14(a)~~of ~~Certification~~Principal Executive Officer pursuant to Section 302 of ~~principal~~the ~~executive~~Sarbanes-Oxley ~~officer~~Act of 2002*
32.1	Section 1350 Certification of principal executive officer*
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

* Filed herewith.

** As filed in the Registrant’s Registration Statement on Form S-1 Amendment No. 3 (File No. 333-218334) on September 6, 2017.

2520

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ECCO AUTO WORLD CORP.
	(Name of Registrant)
Date: August 20, 2020
Date: July 22, 2022
	By:	/s/ ~~Jason~~ Wong Chee Hon Jason
		Jason Wong Chee Hon
		Wong Chee Hon Jason Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer (Principal Executive Officer and Principal Financial and Accounting Officer)
	Title:	President, Director, Secretary and Treasurer

2621

INDEX TO FINANCIAL STATEMENTS

	Page
Financial Statements
Report of Independent Registered Public Accounting Firm	F-2
Report of Independent Registered Public Accounting Firm (PCAOB ID: 572)	F-2
Consolidated Balance Sheets	F-3
Consolidated Statements of Operations and Comprehensive Loss	F-4
Consolidated Statements of Changes in Stockholders’ Equity	F-5
Consolidated Statement of Changes in Stockholders’ Deficit	F-5
Consolidated Statements of Cash Flows	F-6
Notes to Consolidated Financial Statements	F-7 - F-1312

F-1

TOTAL ASIA ASSOCIATES PLT (AF002128 & LLP0016837-LCA) A Firm registered with US PCAOB and Malaysian MIA Block C-3-1, Megan Avenue 1, 189, Off Jalan Tun Razak, 50400, Kuala Lumpur. Tel: (603) 2733 9989

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of ~~Ecco~~ECCO Auto World Corporation

Unit C, 4/F, China Insurance Building,

48 Cameron Road, Tsim Sha Tsui,

Kowloon, Hong Kong.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of ~~Ecco~~ECCO Auto World Corporation (the ‘“Company’”) as of March 31, 2022 ~~2020~~ and ~~2019~~2021, ~~and~~ the related consolidated statements of ~~operation~~operations and comprehensive loss, changes in stockholders’ ~~equity~~deficit, ~~and~~ and cash flows for the ~~each of two~~ years inthen ~~the year~~ ended ~~of March 31~~, ~~2020~~ and ~~2019, and~~ the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as atof March 31, ~~2020~~2022 and ~~2019~~2021, and the results of its operations and its cash flows for ~~each~~the ~~of two~~ years inthen ~~the year~~ ended ~~March 31~~, ~~2020 and 2019,~~ in conformity with accounting principles ~~generally~~ generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has suffered recurring losses from operations and negative cash flows from operations and a net capital deficiency. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits , we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence ~~regarding~~ regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide ~~a reasonable basis for our opinion. An audit also includes assessing the accounting principles~~ ~~used and significant estimates made by management, as well as evaluating the overall consolidated financial statements presentation. We believe that our audit provides~~ a reasonable basis for our opinion.

~~The accompanying financial statements have~~We ~~been~~have ~~prepared~~served ~~assuming that the Company will continue~~ as ~~a going concern. As discussed in Note 2 to~~ the ~~financial statements, for the year ended March 31, 2020 the~~ Company ~~incurred a net loss and having net current liabilities and shareholders~~’ ~~deficit. These conditions raise substantial doubt about the Company’~~s ~~ability~~auditor tosince ~~continue as a going concern~~2022. ~~Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.~~

~~We have~~/s/ ~~served~~Weinberg as& ~~the~~ Company’s, ~~auditor~~P.A. ~~since~~Los ~~2017.~~Angeles, California July 22, 2022

/s/ TOTAL ASIA ASSOCIATES PLT TOTAL ASIA ASSOCIATES PLT Kuala Lumpur, Malaysia August 19, 2020

F-2

ECCO AUTO WORLD CORPORATION

CONSOLIDATED BALANCE SHEETS

As of March 31, ~~2020~~2022, and ~~2019~~2021

(~~Currency~~Expressed ~~expressed~~ in United States Dollars ~~(“US$”~~)~~, except for number of shares)~~

(Audited)

	2022			2021
	As of March 31,
	2022			2021
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	1,544		$	1,544
TOTAL ASSETS	$	1,544		$	1,544

LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities (includes $4,000 due to related party as of March 31, 2022 and 2021, respectively)	$	90,388		$	52,900
TOTAL LIABILITIES		90,388			52,900

Commitments and Contingencies		-			-

STOCKHOLDERS’DEFICIT
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; No shares issued and outstanding		-			-
Common Stock, par value $0.0001; 600,000,000 shares authorized, 93,089,643 shares issued and outstanding as of March 31, 2022 and 2021		9,309			9,309
Additional paid in capital		622,147			622,147
Accumulated other comprehensive income		1,847			1,847
Accumulated deficit		(722,147	)		(684,659	)
TOTAL STOCKHOLDERS’ DEFICIT		(88,844	)		(51,356	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	1,544		$	1,544

	As of March 31,
	2020			2019
				(restated)
ASSETS
CURRENT ASSETS
Cash and cash equivalents		8,969			60,579
Other receivable and prepayment		2,920			18,220
Due from related parties		19,453			500
Account Receivable		-			10,672
Total Current Assets		31,342			89,971
NON-CURRENT ASSETS
Plant and equipment, net		32,549			44,799
TOTAL ASSETS	$	63,891		$	134,770
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Other payables and accrued liabilities		181,685			166,788
Due to related parties		12,364			92,250
Deferred Revenue		17,500			-
Total Current Liabilities		211,549			259,038
TOTAL LIABILITIES	$	211,549		$	259,038
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Stock, par value $0.0001; 600,000,000 shares authorized, 93,089,643 and 93,089,643 shares issued and outstanding as of March 31, 2020 and March 31, 2019 respectively		9,309			9,309
Additional paid in capital		622,147			622,147
Merger reserve		-			15
Accumulated other comprehensive (loss)/income		14,498			2,180
Accumulated losses		(793,612	)		(757,919	)
TOTAL STOCKHOLDERS’ (DEFICIT)/EQUITY	$	(147,658	)	$	(124,268	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	63,891		$	134,770

See accompanying notes to consolidated financial statements.

F-3

ECCO AUTO WORLD CORPORATION

CONSOLIDATED STATEMENTS ~~STATEMENT~~ OF ~~OPERATION~~OPERATIONS AND COMPREHENSIVE ~~INCOME~~LOSS

For the years ended March 31, ~~2020~~2022 and ~~2019~~2021

(~~Currency~~Expressed ~~expressed~~ in United States Dollars ~~(“US$”)~~, except for number of shares)

(Audited)

	For the year ended			For the year ended
	March 31, 2022			March 31, 2021

Revenues	$	-		$	-

General and administrative expenses (includes $0 and $9,380 to related party for the years ended March 31, 2022 and 2021, respectively)		(37,488	)		(45,973	)

Loss from operations		(37,488	)		(45,973	)

Interest income		-			1

Loss from continuing operations		(37,488	)		(45,972	)

Discontinued operations:
Income from discontinued operations		-			34,997
Gain on sale of discontinued operations		-			119,928
Discontinued operations		-			154,925

Net (loss) income		(37,488	)		108,953

Other comprehensive loss:
-Foreign exchange translation adjustment		-			(12,651	)

Comprehensive (loss) income	$	(37,488	)	$	96,302

Basic and diluted income (loss) per share:

Loss from continuing operations	$	(0.00	)	$	(0.00	)

Income from discontinued operations	$	-		$	0.00

Net (loss) income per share applicable to common shareholders	$	(0.00	)	$	0.00

Weighted average number of common shares outstanding
– Basic and diluted		93,089,643			93,089,643

	For the year ended			For the year ended
	March 31, 2020			March 31, 2019
				(restated)
REVENUE		96,951			275,430
COST OF REVENUE		(1,861	)		(43,132	)
GROSS PROFIT		95,090			232,298
OTHER INCOME		93			2,876
GENERAL AND ADMINISTRATIVE EXPENSES		(130,876	)		(560,277	)
LOSS BEFORE INCOME TAX		(35,693	)		(325,103	)
INCOME TAX PROVISION		-			-
NET LOSS		(35,693	)		(325,103	)
OTHER COMPREHENSIVE LOSS:
-Foreign exchange translation adjustment		12,318			1,790
TOTAL COMPREHENSIVE LOSS		(23,375	)		(323,313	)
Net loss per share, basic and diluted:		0.00			0.00
Weighted average number of common shares outstanding
– Basic and diluted		93,089,643			92,859,689

See accompanying notes to consolidated financial statements.

See accompanying notes to condensed consolidated financial statements.

F-4

ECCO AUTO WORLD CORPORATION

~~CONDENSED~~ CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ ~~EQUITY~~DEFICIT

For the years ended March 31, ~~2020~~2022 and ~~2019~~2021

(~~Currency~~Expressed ~~expressed~~ in United States Dollars, ~~(“US$”~~except for number of shares))

(Audited)

	Number		Amount		Capital		Income			Deficit			Deficit
	Common Stock				Additional Paid-in		Accumulated Other Comprehensive			Accumulated			Total Stockholders’
	Number		Amount		Capital		Income			Deficit			Deficit
Balance, March 31, 2020		93,089,643	$	9,309	$	622,147	$	14,498		$	(793,612	)	$	(147,658	)
Foreign currency translation		-		-		-		(12,651	)		-			(12,651	)
Net income		-		-		-		-			108,953			108,953
Balance, March 31, 2021		93,089,643		9,309		622,147		1,847			(684,659	)		(51,356	)
Net loss		-		-		-		-			(37,488	)		(37,488	)
Net (loss) income		-		-		-		-			(37,488	)		(37,488	)
Balance, March 31, 2022		93,089,643	$	9,309	$	622,147	$	1,847		$	(722,147	)	$	(88,844	)

	COMMON STOCK
	Number of Shares		Amount		ADDITIONAL PAID-IN CAPITAL		ACCUMULATED LOSSES			MERGER RESERVE			ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)			TOTAL EQUITY
Balance as of March 31, 2018		92,556,310	$	9,255	$	462,201	$	(434,914	)	$	-		$	(390	)	$	36,932
Shares issued in private placement completed on August 24, 2018 at $0.30 per share		333,333		34		99,966		-			-			-			100,000
Shares issued in private placement completed on September 26, 2018 at $0.30 per share		200,000		20		59,980	$	-			-			-		$	60,000
Transaction with owner		-		-		-		-			15						-
Accumulated other comprehensive loss		-		-		-	$	-			-			(1,754	)	$	(1,754	)
Net loss for the year		-		-		-	$	(135,570	)		-			-		$	(135,570	)
Balance as of March 31, 2019		93,089,643	$	9,309	$	622,147	$	(570,484	)		15			(1,364	)	$	59,623
Balance as of March 31, 2019 (acquisition of new subsidiaries)		-		-		-	$	(187,435	)		-			3,544			(183,891	)
Balance as of March 31, 2019 (Restated)		93,089,643		9,309		622,147		(757,919	)		-			2,180			(124,268	)
Transaction with owner		-		-		-		-			(15	)		-			(15	)
Accumulated other comprehensive loss		-		-		-	$	-			-			12,318		$	12,318
Net loss for the year		-		-		-	$	(35,693	)					-		$	(35,693	)
Balance as of March 31, 2020		93,089,643		9,309		622,147		(793,612	)		-			14,498			(147,658	)

See accompanying notes to condensed consolidated financial statements.

See accompanying notes to consolidated financial statements

F-5

ECCO AUTO WORLD CORPORATION

CONSOLIDATED STATEMENTS ~~STATEMENT~~ OF CASH FLOWS

For the years ended March 31, ~~2020~~2022 and ~~2019~~2021

(~~Currency~~Expressed ~~expressed~~ in United States Dollars ~~(“US$”~~)~~, except for number of shares)~~

(Audited)

	For the year ended			For the year ended
	March 31, 2022			March 31, 2021
Cash flows from operating activities:
Net (loss) income	$	(37,488	)	$	108,953
Adjustments to reconcile net (loss) income to net cash generated from operating activities:
Income from discontinued operations					(34,997	)
Depreciation		-			548
Gain on sale of discontinued operations		-			(119,928	)
Loss on disposal of equipment		-			1,402
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		37,488			19,289
Net cash used in operating activities		-			(24,733	)
Net cash generated from operating activities - discontinued operations		-			35,913
Net cash generated from operating activities		-			11,180

Effect of exchange rate changes on cash and cash equivalents		-			(12,651	)

Net decreasing cash and cash equivalents		-			(1,471	)
Cash and cash equivalents, beginning of year		1,544			3,015
CASH AND CASH EQUIVALENTS, END OF YEAR	$	1,544			1,544
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

	For the year ended			For the year ended
	March 31, 2020			March 31, 2019
				(restated)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(35,693	)	$	(325,103	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		10,329			6,232
Changes in operating assets and liabilities:
Prepayment		15,300			(15,561	)
Other payables and accrued liabilities		14,897			122,287
Account and other receivable		10,672			(10,671	)
Due to related parties		(79,886	)		91,250
Due from related parties		(18,953	)		(500	)
Deferred revenue		17,500			-
Net cash used in operating activities		(65,834	)		(132,066	)
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of Plant and Equipment		-			(47,619	)
Net cash used in investing activities		-			(47,619	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of share capital		-			160,014
Net cash provided by financing activities		-			160,014
Effect of exchange rate changes on cash and cash equivalents		14,224			1,791
Net decreasing cash and cash equivalents		(51,610	)		(17,880	)
Cash and cash equivalents, beginning of year		60,579			78,459
CASH AND CASH EQUIVALENTS, END OF YEAR	$	8,969			60,579
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

See accompanying notes to consolidated financial statements.

See accompanying notes to condensed consolidated financial statements.

F-6

ECCO AUTO WORLD CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the years ended March 31, ~~2020~~2022 and ~~2019~~2021

(~~Currency~~Expressed ~~expressed~~ in United States Dollars ~~(“US$”)~~, except for number of shares)

1.	DESCRIPTION OF BUSINESS AND ORGANIZATION

ECCO Auto World Corporation is(the ~~organized~~“Company”) aswas aincorporated in Nevada ~~limited liability company, incorporated~~ on June 6, 2016. For purposes of consolidated financial statement presentation, ECCO Auto World Corporation and its subsidiary are herein referred to as “the Company” or “we”. The Company is a business whose planned principal operations are to develop and operate an Automobile mobile application or a platform to connect auto repair shops and car owners.

On June 7, 2017, the Company acquired 100% interest in ECCO Auto World Corporation, a ~~private limited liability~~ company incorporated in Labuan, ~~resulting~~(“ECCO inLabuan”). On February 17, 2020, the ~~latter~~Company ~~becoming~~acquired a100% ~~wholly~~of Free Share X-Change Limited, an Anguilla corporation (“FSX”), and its wholly owned subsidiary, ~~company~~Vtrade ofTechnology Sdn. Bhd. (“Vtrade”) (collectively, “FSX Vtrade”). On January 2, 2021, the Company sold its interests in ECCO Labuan and FSX Vtrade (see Note 2).

~~On February 17, 2020, Ecco Auto World Corp~~Going (the “ECCO”) and Mr Joson Yeo Hung Kwang Mr Chai Kok Leong and Mr Loke Che Chan, Gilbert, each representing 49.5% ,49.5% and 1% shareholding of Free Share X- Change Limited, an Anguilla corporation, (“FSX”) entered into a Sale and Purchase Agreement (the “FSX Purchase Agreement”), pursuant to which ECCO acquired 100% of the issued and outstanding shares of FSX (the “Acquisition”). As consideration thereof, ECCO agreed to paid cash consideration of US$15 to the sharaeholdersconcern

~~FSX~~The accompanying ~~wholly~~financial ~~owned~~statements ahave ~~subsidiary~~been ~~Vtrade~~prepared ~~Technology Sdn~~on ~~Bhd~~a going concern basis, (which contemplates the ~~“Vtrade”)~~realization inof ~~Malaysia,~~assets isand athe ~~private~~satisfaction of ~~Limited~~liabilities ~~company~~and ~~incorporated~~commitments in ~~July~~the ~~12th,~~normal ~~2018~~course of business.

~~Details~~As reflected in the accompanying financial statements for the year ended March 31, 2022, the Company incurred a net loss of $37,488 and at March 31, 2022 had a stockholders’ deficit of $88,844 and an accumulated deficit of $722,147. These factors raise substantial doubt about the Company’s ~~subsidiary:~~ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

	Company name	Place and date of incorporation	Particulars of issued capital	Principal activities
1.	ECCO Auto World Corporation	Labuan, March 1, 2017	100 shares of ordinary share of US$1 each	Investment holding
2.	Free Share X-change Limited	Anguilla, December 17, 2013	101 shares of ordinary shares of US$15 in total	Providing system and software development, Information technology (IT) consultancy and managed services.
3.	Vtrade Technology Sdn Bhd	Malaysia, July 12, 2018	2 shares of ordinary shares of US$0.48 in total	Providing system and software development, Information technology (IT) consultancy and managed services.

The continuation of the Company as a going concern for one year from the date the financial statements are ready to be issued is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.

~~2. GOING CONCERN UNCERTAINTIES~~COVID-19

The COVID-19 ~~accompanying~~pandemic ~~financial~~has ~~statements~~negatively ~~have been~~impacted ~~prepared~~the ~~using~~global ~~the~~economy, ~~going~~workforces, ~~concern~~customers, ~~basis~~and created significant volatility and disruption of ~~accounting,~~financial ~~which~~markets. ~~contemplates~~The ~~the~~Company ~~realization~~monitors ofguidance ~~assets~~from national and ~~the~~local ~~satisfaction~~public ofhealth authorities and has implemented health and ~~liabilities~~safety precautions and protocols in ~~the~~response ~~normal~~to ~~course~~these guidelines. The extent of the impact of the COVID-19 pandemic has had and will continue to have on the Company’s business is highly uncertain and difficult to predict and quantify at this time.

As of March 31, 2020, the Company suffered an accumulated deficit of $793,612 and continuously incurred a net operating loss of $35,693 for year ended March 31, 2020. The company also has a net current liabilities of $180,207 for year ended March 31, 2020. The continuation of the Company as a going concern through March 31, 2020 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due.F-7

~~These and other factors raise substantial~~Basis doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of ~~assets or the amounts~~ presentation and ~~classification~~principals of ~~liabilities~~ ~~that may result in the Company not being able to continue as a going concern.~~consolidation

3The accompanying financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). ~~SUMMARY~~For OFthe ~~SIGNIFICANT~~year ~~ACCOUNTING~~ended ~~POLICIES~~March 31, 2021, the financial statements include the accounts of the Company, and its wholly owned subsidiaries, ECCO Labuan and FSX Vtrade. Since the disposal of ECCO Labuan and FSX Vtrade on January 2, 2021, the financial statements include the accounts of the Company only.

Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Basis of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of estimates

Management uses estimates and assumptions in preparing these ~~consolidated~~ financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheet, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Revenue recognition

InThe Company recognizes revenue in accordance with Financial Accounting ~~Standards~~Standard Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic ~~605~~606, “Revenue ~~Recognition”,~~from ~~the~~Contracts ~~Company~~with ~~recognizes~~Customers. To determine revenue ~~from~~recognition ~~sales~~under ofASC ~~goods~~606, ~~when~~an entity performs the following ~~four revenue~~five-steps ~~criteria~~(i) ~~are~~identifies ~~met:~~the contract(1s) ~~persuasive~~with ~~evidence~~a ofcustomer; an(ii) ~~arrangement~~identifies ~~exists;~~the performance obligations in the contract; (2iii) ~~delivery~~determines ~~has~~the ~~occurred~~transaction price; (3iv) ~~selling~~allocates the transaction price isto ~~fixed or~~the ~~determinable~~performance obligations in the contract; and (4v) recognizes ~~collectability~~revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-steps to contracts when it is ~~reasonable~~probable ~~assured~~that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue.

F-7

ECCO AUTO WORLD CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the years ended March 31, 2020 and 2019

(Currency expressed in United States Dollars (“US$”), except for number of shares)

The Company derives its revenue from provision of car maintenance and servicing scheduling and system optimization advisory services. The services are billed on a fixed-fee basis.

Cost of revenue

Cost of revenue includes the cost of consultation services of Automobile mobile application and related services.

Cash and cash equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

Plant and equipment

Plant and equipment is stated at cost less accumulated depreciation and impairment. Depreciation of plant and equipment are calculated on the straight-line method over their estimated useful lives as follows:

Classification		Estimated useful lives
Computer and peripherals		5 years

Expenditures for maintenance and repairs are expenses as incurred.

Income taxes

~~Income~~The ~~taxes~~Company ~~are~~accounts ~~determined~~for inincome ~~accordance~~taxes ~~with~~using ~~the~~an ~~provisions~~asset ofand ~~ASC~~liability ~~Topic~~approach ~~740,~~which ~~“Income~~allows ~~Taxes”~~for ~~(“ASC~~the ~~Topic~~recognition ~~740”). Under~~and ~~this~~measurement ~~method,~~of deferred tax assets ~~and~~based ~~liabilities~~upon ~~are~~the ~~recognized~~likelihood ~~for~~of ~~the~~realization ~~future~~of tax ~~consequences~~benefits ~~attributable~~in tofuture ~~differences between~~years. Under the ~~financial~~asset ~~statement~~and ~~carrying~~liability ~~amounts~~approach, ofdeferred taxes ~~existing~~are ~~assets~~provided ~~and~~for ~~liabilities~~the ~~and~~net ~~their respective~~ tax ~~basis.~~effects ~~Deferred~~of ~~tax assets~~temporary ~~and~~differences ~~liabilities~~between ~~are~~the ~~measured~~carrying ~~using~~amounts ~~enacted~~of ~~income~~assets ~~tax~~and ~~rates~~liabilities ~~expected~~for tofinancial reporting ~~apply~~purposes toand ~~taxable~~the ~~income~~amounts inused ~~the~~for ~~periods~~income intax ~~which those~~purposes. ~~temporary~~A ~~differences~~valuation ~~are~~allowance ~~expected~~is toprovided befor ~~recovered~~deferred ortax ~~settled.~~assets ~~Any~~if ~~effect~~it onis ~~deferred~~more likely ~~tax~~than ~~assets~~not ~~and~~these ~~liabilities~~items ofwill aeither ~~change in~~expire ~~tax~~before ~~rates~~the Company is ~~recognized~~able into ~~income~~realize intheir ~~the~~benefits, ~~period~~or that ~~includes~~future ~~the~~deductibility ~~enactment date~~is uncertain.

The Company conducts major businesses in Malaysia and Hong Kong, and is expanding to China and Thailand. The Company is subject to tax in these jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.

Net income/(loss) per share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

F-8

~~ECCO~~Net ~~AUTO~~income ~~WORLD~~(loss) ~~CORPORATION~~per share

~~NOTES~~Basic TOincome ~~CONDENSED~~(loss) ~~CONSOLIDATED~~per ~~FINANCIAL~~share ~~STATEMENTS~~is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted income (loss) per share is computed like basic income (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

For the years ended March 31, 2020 and 2019

(Currency expressed in United States Dollars (“US$”), except for number of shares)

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates ~~prevailing~~ prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the ~~Condensed Consolidated~~ Statements of Operations and Comprehensive Income or Loss.

Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the year ended March 31
	2020		2019
Year-end RM : US$1 exchange rate		4.31		4.08
Year-average RM : US$1 exchange rate		4.16		4.07

Source of currency rate: https://www.x-rates.com/

Fair value of financial instruments

The carrying value of the Company’s financial instruments: cash and cash equivalents, and accounts payable and approximate their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

	Level 1: Observable inputs such as quoted prices in active markets;

	Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

	Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The carrying value of the Company’s financial instruments: cash and cash equivalents, and accounts payable and accrued liabilities approximate their fair values because of the short-term nature of these financial instruments.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and doit does not believe ~~the~~any ~~future adoption~~ of ~~such~~these ~~any~~ pronouncements will ~~may~~have ~~be expected to cause~~ a material impact on ~~its financial condition or~~ the ~~results of its operations, as follow:~~Company.

Off-Balance Sheet Arrangements

As of March 31, 2020, 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.

F-9

~~ECCO AUTO~~2. ~~WORLD~~DISCONTINUED ~~CORPORATION~~OPERATIONS

~~NOTES~~On TOJanuary ~~CONSOLIDATED~~2, ~~FINANCIAL~~2021, ~~STATEMENTS~~the Company sold its interests in its wholly owned subsidiaries, ECCO Labuan and FSX Vtrade, to an unrelated party for $115.

~~For~~ECCO Labuan and FSX Vtrade were deconsolidated effective January 2, 2021, and the ~~years~~Company ~~ended~~does ~~March~~not 31have any continuing involvement in the operations of the disposed subsidiaries. The disposal is accounted for as discontinued operations and, ~~2020~~accordingly, all prior periods presented in the accompanying consolidated balance sheets, statements of operations and ~~2019~~statements of cash flows have been adjusted to conform to this presentation; no adjustment has been made to the prior period consolidated balance sheet as a result of the disposal. Since January 2, 2021, no subsidiaries are owned by the Company.

~~(Currency~~On ~~expressed~~January in2, ~~United~~2021, ~~States~~before ~~Dollars~~the ~~(“US~~disposal, ECCO Labuan and FSX Vtrade had net assets of $”)43,799 ~~except~~and ~~for~~net ~~number~~liabilities of ~~shares)~~$163,612. Contemporaneous with the sale of FSX Vtrade, two unrelated parties forgave liabilities due them by FSX Vtrade of $163,612. As a result, the Company recorded a gain on sale of discontinued operations of $119,928:

4. SCHEDULE OF ~~PROPERTY~~DISPOSAL ~~AND~~OF ~~EQUIPMENT~~DISCONTINUED OPERATIONS

	As of			As of
Carrying value of assets disposed	$	(43,799	)
	March 31, 2020			March 31, 2019
Carrying value of liabilities disposed		163,612
				(Restated)
Carrying value of net liabilities disposed		119,813
Computer and peripherals		51,266			51,266
Sales proceeds		115
Accumulated depreciation		(16,796	)		(6,467	)
Gain on sale of discontinued operations	$	119,928
Effect of translation		(1,921	)		-
Property and equipment, net		32,549			44,799

~~Depreciation~~The ~~expense~~following table summarizes certain selected components of discontinued operations for the ~~year~~disposed ~~ended~~subsidiaries ~~March~~for 31the period from April 1, 2020 ~~and~~through ~~March~~the ~~31,~~effective ~~2019~~disposal ~~were~~date ~~$10,329~~of ~~and~~January $62,~~232,~~ ~~respectively.~~2021:

5. SCHEDULE OF ~~COMMON~~COMPONENTS ~~STOCK~~OF DISCONTINUED OPERATIONS

On June 6, 2016, the founder of the Company, Ms. Woo Shuk Fong purchased 100,000 shares of restricted common stock of the Company at a par value of $0.0001 per share for the Company’s initial working capital.

	Period from April 1, 2020 to
	January 2, 2021

Revenues	$	44,700

Income from discontinued operations	$	34,997

Income per share from discontinued operations - Basic and Diluted	$	0.00

Current assets	$	-
Total assets	$	-
Current and total liabilities	$	-

On September 22, 2016, the other founder of the Company, Mr. Yiap Soon Keong purchased 24,000,000 shares of restricted common stock of the Company at a par value of $0.0001 per share for the Company’s initial working capital. Greenpro Venture Capital Limited and Greenpro Asia Strategic SPC purchased 4,000,000 and 52,000,000 shares of restricted common stock of the company respectively at par value of $0.0001 per share for the Company’s initial working capital.

On September 25, 2016, Ms. Woo Shuk Fong purchased 20,000 shares of restricted common stock of the Company, at $0.1 per share, for $2,000.

On December 28, 2016, Ms. Wong Yuen Ling purchased 100,000 shares of restricted common stock of the Company, at $0.1 per share, for $10,000.

On January 19, 2017, Mr. Yiap Soon Keong purchased 10,000,000 shares of restricted common stock of the Company, at par value of $0.0001 per share, for $1,000.

On November 20, 2017, the Company resolved to close the offering (“the Offering”) from the registration statement on Form S-1/A, dated September 6, 2017, that had been declared effective by the Securities and Exchange Commission on September 14, 2017. The Offering resulted in 1,669,644 shares of common stock being sold at $0.15 per share for a total of $250,447.

On January 24, 2018, Home Boutique International Limited subscribed 666,666 shares of common stock of the Company at $0.30 per share, for $199,999.

F-10

~~ECCO AUTO~~3. ~~WORLD~~ACCOUNTS ~~CORPORATION~~PAYABLE AND ACCRUED LIABILITIES

~~NOTES~~ SCHEDULE TOOF ~~CONSOLIDATED~~OTHER ~~FINANCIAL~~PAYABLES ~~STATEMENTS~~AND ACCRUED LIABILITIES

For the years ended March 31, 2020 and 2019

	As of		As of
	March 31, 2022		March 31, 2021

Accrued audit and review fees	$	82,284	$	45,171
Accrued professional fees		2,593		3,541
Accrued secretarial fee-related party		4,000		4,000
Other payable		1,511		188
Total accounts payable and accrued liabilities	$	90,388	$	52,900

~~(Currency expressed~~4. inCOMMON ~~United States Dollars (“US$”), except for number of shares)~~STOCK

5As of March 31, 2022 and 2021, the Company had 93,089,643 shares of its Common Stock par value, $.0001 ~~COMMON~~issued ~~STOCK~~and outstanding. There were 38 beneficial owners of its Common Stock.

~~As of March 31, 2018, the Company has 92,556,310 shares issued and outstanding~~5. ~~There~~INCOME ~~are no shares of preferred stock issued and outstanding as of March 31, 2018.~~TAXES

OnProvision ~~August~~for ~~24,~~income ~~2018,~~taxes ~~Home~~consisted ~~Boutique International Limited subscribed 333,333 shares~~ of ~~common stock of~~ the ~~Company at $0.30 per share, for $100,000.~~following:

~~On September~~SCHEDULE ~~26,~~OF ~~2018,~~PROVISION ~~Home~~FOR ~~Boutique~~INCOME ~~International Limited further subscribed 200,000 shares of common stock of the Company at $0.30 per share, for $60,000~~TAXES

All proceeds received are used for the Company’s working capital.

	2022		2021
	For the years ended March 31,
	2022		2021

Current	$	-	$	-
Deferred		-		-
Income tax expense	$	-	$	-

AsA summary of ~~March~~United ~~31,~~States ~~2020,~~and ~~the~~foreign ~~Company~~(loss) ~~has 93,089,643~~income ~~shares~~before ~~issued~~income ~~and~~taxes ~~outstanding.~~was ~~There~~comprised ~~are no shares~~ of ~~preferred~~the ~~stock issued and outstanding.~~following:

6.SCHEDULE ~~OTHER~~OF ~~PAYABLES~~LOCAL AND ~~ACCRUED~~FOREIGN ~~LIABILITIES~~COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAX

	As of			As of
	2022			2021
	March 31, 2020			March 31, 2019
	For the years ended March 31,
				(Restated)
	2022			2021
Accrued audit fee		28,991			14,000
Tax jurisdictions from:
Accrued professional fee		-			80
– United States	$	(37,488	)	$	84,738
Accrued review fee		3,800			1,500
– Foreign		-			24,215
Accrued others		-			39,833
(Loss) Income before income taxes	$	(37,488	)	$	108,953
Other payable		148,894			111,375
Total other payable and accrued liabilities		181,685			166,788

AsThe Company has not recorded a provision for U.S. federal income tax for the years ended March 31, 2022 and 2021 due to a net operating loss carry forward in the United States of America. At March 31, ~~2020~~2022 and 2021, the ~~other~~Company ~~payable~~had net operating loss carryforwards in the United isStates ~~made~~of upAmerica of ~~loan~~approximately ~~from~~$720,000 ~~non-trade~~and ~~third~~$683,000, ~~party~~respectively, ~~amounted~~which begin to ~~US$148~~expire in 2037. The deferred tax asset created by the net operating loss has been offset by a 100% valuation allowance at March 31,~~894~~ 2022 and 2021.

7. DUE TO RELATED PARTIES

The amounts due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose.

8. INCOME TAXES

For the year ended March 31, 2020, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following:

	For the year ended			For the year ended
	March 31, 2020			March 31, 2019
				(Restated)
Tax jurisdictions from:
-Local	$	(81,440	)	$	(130,107	)
-Foreign, representing
- Labuan		(2,889	)		(5,463	)
-Malaysia		41,701			(335,347	)
-Anguilla		6,935			145,814
Loss before income tax	$	(35,693	)	$	(325,103	)

F-11

~~ECCO AUTO~~6. ~~WORLD~~RELATED ~~CORPORATION~~PARTY TRANSACTIONS

~~NOTES~~ SUMMARY TOOF ~~CONDENSED~~RELATED ~~CONSOLIDATED~~PARTY ~~FINANCIAL STATEMENTS~~TRANSACTIONS

For the years ended March 31, 2020 and 2019

	For the year ended March 31, 2022		For the year ended March 31, 2021

General and administrative expenses
Related party A (1):
- Secretarial fee	$	-	$	9,380

(~~Currency expressed~~1) inAsia ~~United~~UBS ~~States~~Global ~~Dollars~~Limited, a subsidiary of Greenpro Capital Corp. (collectively “~~US$~~Greenpro”), ~~except~~owns ~~for~~approximately ~~number~~4.3% of the Company’s issued and outstanding shares). For the years ended March 31, 2022 and 2021, the Company incurred secretarial fee of $0 and $9,380 to Greenpro, respectively. As of March 31, 2022, the Company had secretarial fees payable to Greenpro of $4,000.

8. INCOME TAXES

The provision for income taxes consisted of the following:

	As of		As of
	March 31, 2020		March 31, 2019
			(Restated)
Current:
-Local	-	$	-
-Foreign	-		-
Deferred:
-Local	-		-
-Foreign	-		-
Income tax expense	-	$	-

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Tax Cuts and Jobs Act was enacted in the United States on December 22, 2017. The Act reduces the US federal corporate tax rate from 35% to 21%, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and creates new taxes on certain foreign sourced earnings. In December 2017, the SEC issued SAB 118, which directs taxpayers to consider the impact of the U.S. legislation as “provisional” when it does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete its accounting for the change in tax law.

As of January 31, 2019, the Company does not recognize any provisional amount for the transition tax.

We re-measured certain deferred tax assets and liabilities based on the rates at which they are anticipated to reverse in the future, which is generally 21%. However, we are still examining certain aspects of the Act and refining our calculations, the Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2020, the operations in the United States of America incurred $647,523 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2040, if unutilized. The Company has provided for a full valuation allowance of $135,980 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Labuan

Under the current laws of the Labuan, ECCO Auto World Corporation is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3% of net audited profit.

Malaysia

Vtrade Technology Sdn Bhd is subject to Malaysia Corporate Tax, which is charged at the statutory income tax rate range from 17% to 24% on its assessable income. As of March 31, 2020, the operations in the Malaysia incurred $293,645 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 17%. The Company has provided for a full valuation allowance of $49,920 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

Anguilla

Under the current laws of the Anguilla Free Share Xchange Limited is registered as an international business company which governs by the International Business Companies Act of Anguilla and there is no income tax charged in Anguilla.

9. CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a) Major customers

For the year ended March 31, 2020 and 2019, the customers who accounted for 10% or more of the Company’s sales and its outstanding receivable balance at year-end are presented as follows:

	For the year ended March 31
	2020		2019		2020			2019			2020		2019
	Revenue				Percentage of Revenue						Accounts Receivable, Trade
Customer A	$	91,751	$	-		95	%		-	%	$	-	$	-
Customer B	$	-	$	10,000		-			100	%	$	-	$	10,000
	$	91,751	$	10,000		95	%		100	%	$	-	$	10,000

F-12

ECCO AUTO WORLD CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the years ended March 31, 2019 and 2018

(Currency expressed in United States Dollars (“US$”), except for number of shares)

9. CONCENTRATIONS OF RISK

(b) Major vendors

For the year ended March 31, 2020 and 2019, the vendors who accounted for 10% or more of the Company’s purchases and its outstanding payable balance at year-end are presented as follows:

	For the year ended March 31
	2020		2019		2020			2019			2020		2019
	Cost of Revenue				Percentage of Cost of Revenues						Accounts Payable, Trade
Vendor A	$	1,861	$	-		100	%		-	%	$	-	$	-
	$	1,861	$	-		100	%		-	%	$	-	$	-

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

10. COMMITMENTS AND CONTINGENCIES

As of March 31, 2020, the Company has no commitments or contingencies involved.

11. RELATED PARTY TRANSACTIONS

	For the year ended March 31, 2020		For the year ended March 31, 2019
			(Restated)
Asia UBS Global Limited (1)
- Professional Fee	$	10,100	$	-
- Company Renewal Fee		4,767		4,542
GreenPro Financial Consulting Limited (2)
- Professional Fee		-		18,800
Imocha Sdn Bhd (3)
- Cost of Revenue		-		-
- Software development fee		-		100,000
	$	14,867	$	123,342

(1) Asia UBS Global Limited is a subsidiary of Greenpro Capital Corp. through its subsidiary Greenpro Venture Capital Limited owns approximately 4.30% of the Company issued and outstanding shares as of March 31, 2020. For the year ended March 31, 2020, the Company has incurred professional fee of $14,867 and company renewal fees of $4,767. For the year ended March 31, 2019, the Company has incurred company renewal fees of $4,542 respectively.

(2) Greenpro Financial Consulting Limited is a subsidiary of Greenpro Capital Corp., through its subsidiary Greenpro Venture Capital Limited owns approximately 4.30% of the Company issued and outstanding shares as of March 31, 2020. For the year ended March 31 2019, the Company has incurred professional fees $18,800.

(3) For the year ended March 31, 2019, the Company has enter into and settle transaction with Imocha Sdn Bhd amounted to $100,000 regarding the software development cost..

12. SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2020 up through the date the Company presented these audited financial statements. On March 16, 2020, the Malaysian government has imposed Movement Control Oder (MCO) for the period from March 18, 2020 to March 31, 2020 due to the COVID 19 outbreak. The MCO was later extended for additional two weeks to April 14, 2020, and subsequently to April 28, 2020 and May 12, 2020. Under the MCO, only businesses categorized under essential services (e.g. water, electricity, energy, telecommunications, postal, transportation, banking, health, pharmacy and food supply etc.) are allowed to operate with limited business hours. All other non-essential businesses are required to halt physical operations and public are only allowed to leave home for certain reasons, such as seeking medical assistance and buying groceries

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