This 10-K contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited consolidated financial statements and accompanying notes and the other financial information appearing elsewhere in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Risk Factors" and "Cautionary Note Regarding Forward Looking Statements" in Item 1 above.





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Plan of Operations

Our plan of operations is to raise debt and/or equity to meet our ongoing operating expenses and attempt to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders. There can be no assurance that we will successfully complete this series of transactions. In particular, there is no assurance that any such business will be located or that any stockholder will realize any return on their shares after such a transaction. Any merger or acquisition completed by us can be expected to have a significant dilutive effect on the percentage of shares held by our current stockholders.

At this time, we have no cash on hand or committed resources of debt or equity to fund these losses and will reliant, potentially, on advances from our principal shareholder or our directors and officers. There can be no guarantee that we will be able to obtain sufficient funding these sources.

RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED NOVEMBER 30, 2018 COMPARED TO THE TWELVE-MONTH PERIOD ENDED NOVEMBER 30, 2017





Revenue

We recognized no revenue during the twelve months ended November 30, 2018 and 2017. We currently have no business from which to generate revenues.





Cost of Revenue

We recognized no cost of revenue during the twelve months ended November 30, 2018 and 2017.

General and Administrative Expenses

During the twelve months ended November 30, 2018, we incurred $20,685 in general and administrative expenses compared to $4,975 during the twelve months ended November 30, 2017. The general and administrative expenses incurred during the twelve months ended November 30, 2018 related to audit and review fees, accounting fees, EDGAR filing fees, tax return preparation fees, share transfer fees and other general office expenses. The increase in these expenses to the Company for the twelve months ended November 30, 2018 was insignificant.





Operating Loss

During the twelve months ended November 30, 2018, we incurred an operating income of $48,861 compared to an operating loss of $4,975 for the twelve months ended November 30, 2017. This gain for the twelve months ended November 30, 2018 was mainly due to a gain on the settlement of liabilities in the amount of $70,968. There was no such gain in 2017.

Interest and Other Income / (Expenses) Net

As stated above, during the twelve months ended November 30, 2018 we recognized a gain on settlement of liabilities totaling $48,861. This gain for the twelve months ended November 30, 2018 was mainly due to gain of $70,698 on the settlement of liabilities. There was no such gain in 2017. Additionally, during the twelve months ended November 30, 2018 we recognized interest expense of $1,422 as compared to no interest expense for the same period ended November 30, 2017.





Gain before Income Tax

During the twelve months ended November 30, 2018, we incurred a gain before taxes of $48,861 compared to a loss before taxes of $4,975 for the twelve months ended November 30, 2017 mainly due to an increase of $70,968 due to the factors discussed above.





Provision for Income Tax

No provision for income taxes was recorded in either the twelve months ended November 30, 2018 or 2017, as we have incurred taxable losses in previous periods greater than the gains in 2018.

CASH FLOW FOR THE TWELVE MONTHS ENDED NOVEMBER 30, 2018 COMPARED TO THE TWELVE MONTHS ENDED NOVEMBER 30, 2017

As of November 30, 2018, we had cash or cash equivalents of $100, no assets, no operating business or other source of income and outstanding liabilities and a stockholders' equity of $100.

Consequently, we are now dependent on raising additional equity and/or debt to meet our ongoing operating expenses. There is no assurance that we will be able to raise the necessary equity and/or debt that we will need to fund our ongoing operating expenses.





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It is our current intention to seek to raise debt and/or equity financing to meet ongoing operating expenses and attempt to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance that this series of events will be satisfactorily completed.

Future losses are likely to occur as, until we are able to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders as we have no sources of income to meet our operating expenses. As a result of these, among other factors, we received from our registered independent public accountants in their report for the financial statements for the year ended November 30, 2018, an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern.

We are now focused raising debt and/or equity financing to meet ongoing operating expenses and attempting to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance that this series of events will be satisfactorily completed.





Investing Activities

We neither generated nor used funds in investing activities during the twelve months ended November 30, 2018 and 2017.





Financing Activities

We generated funds in financing activities during the twelve months ended November 30, 2018 for capital contribution totaling $100.

We are dependent upon the receipt of capital investment or other financing to fund our ongoing operations and to execute our business plan of seeking a combination with a private operating company. In addition, we are dependent upon our controlling shareholder to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations.

Off-balance Sheet Arrangements

Since our inception through November 30, 2011, we have not engaged in any off-balance sheet arrangements as defined in Item 303(c) of the SEC's Regulation S-B.

Recent Accounting Pronouncements

We have adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements is not anticipated to have a material effect on our operations.

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