Form 10-Q/A SavMobi Technology Inc. For: Aug 31

SAVMOBI
TECHNOLOGY INC.

The
accompanying notes are an integral part of these unaudited financial statements.

SAVMOBI
TECHNOLOGY INC.

(Unaudited)

The
accompanying notes are an integral part of these unaudited financial statements.

SAVMOBI
TECHNOLOGY INC.

The
accompanying notes are an integral part of these financial statements.

SAVMOBI
TECHNOLOGY INC.

(Unaudited)

The
accompanying notes are an integral part of these unaudited financial statements.

SAVMOBI
TECHNOLOGY INC.

(Unaudited)

NOTE
1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

On
March 6, 2015, SavMobi Technology Inc. (“the Company”, “we”, “us” or “our”) was
incorporated in the State of Nevada and established a fiscal year end of May 31. Initially the business platform was in providing
application software to a global vendor platform to connect people to businesses and provide a new shopping experience. The Company’s
previous principal offices are located in 73B Bank Avenue, Amritsar, Punjab, 143001, India.

On
May 18, 2017, Lakwinder Singh Sidhu, the Company’s former Director and CEO, completed a transaction with New Reap Global
Ltd., by which New Reap Global Ltd. acquired 32,500,000 shares of common stock, representing 68.4{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} ownership of the Company. After
the change of ownership, the Company’s current principal offices are located in Travessa do Cais, No 3A, Edg. Kai Lei, Macau.

On
March 19, 2018 New Reap Global transferred 250,000 restricted shares to Eng Wah Kung

On
May 10th and 30th 2018, 16,959,684 were transferred to Arden Wealth and Trust. 2,000,000 shares are free trading from HongLing
Shang, 559,684 restricted shares from New Reap Global, LTD and 2,400,000 each from Xuedong Zhang, Jingmei Jiang, Qianxian, Yulan
Qi, Baoxin Song, Jianlong Wu.

On
June 15, 2018 New Reap Global transferred 690,316 restricted shares to EMRD Global Holdings.

On
June 26, 2018 New Reap Global transferred 3,000,000 restricted shares to FORTRESS ADVISORS, LLC and 3,000,000 to Baywall Inc.

The
Company has not yet implemented its initial and new business model and to date has generated no revenues.

NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

The
accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for
financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United
States generally accepted accounting principles for complete financial statements. In the opinion of Management, all adjustments
considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results
for the three months ended August 31, 2020 are not necessarily indicative of the results that may be expected for the year ending
May 31, 2021.

Use
of Estimates

The
preparation of the financial statements in conformity with generally accepted accounting principles requires management to make
estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. The management
makes its best estimate of the outcome for these items based on information available when the financial statements are prepared,
however, actual results could differ from those estimates.

Fair
Value of Financial Instruments

Fair
value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. When determining the fair value measurements for assets and liabilities required
or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact
and it considers assumptions that market participants would use when pricing the asset or liability.

Authoritative
literature provides a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use
or unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy
is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level
– 1: defined as observable inputs such as quoted prices in active markets;

Level
– 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level
– 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own
assumptions.

The
carrying amounts of accounts payables and accrued liabilities approximate its fair value due to its relatively short-term maturity.

It
is not, however, practical to determine the fair value of amounts due to related party because the transactions cannot be assumed
to have been consummated at arm’s length, the terms are not deemed to be market terms, there are no quoted values available
for these instruments, and an independent valuation would not be practical due to the lack of data regarding similar instruments,
if any, and the associated potential costs.

Related
Party Transactions

A
related party is generally defined as (i) any person that holds 10{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} or more of the Company’s securities and their immediate
families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under
common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company.
A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related
parties. The Company conducts business with its related parties in the ordinary course of business.

Transactions
involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of
competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply
that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions
unless such representations can be substantiated.

Stock-based
Compensation

The
Company accounts for stock-based compensation issued to non-employees in accordance with the provisions of ASC 505-50, “
Equity – Based Payments to Non-Employees”. Measurement of share-based payment transactions with non-employees
is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments
issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance
completion date.

Recent
Accounting Pronouncements

The
Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and
does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact
on its financial position or results of operations.

NOTE
3 – GOING CONCERN

The
accompanying unaudited financial statements have been prepared assuming that the Company continues as a going concern. As shown
in the accompanying unaudited financial statements, the Company has working capital deficit of $0 as of August 31, 2020, and has
generated no cash flows from operating activities for the three months ended August 31, 2020. These factors raise substantial
doubt as to the Company’s ability to continue as a going concern.

The
Company intends to continue to fund its business by way of private placements and advances from related parties as may be required.

The
financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts
or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.

NOTE
4 – RELATED PARTY TRANSACTIONS

None.

The
Company’s executive office is located at Travessado Cais, No.3A, Edg. Kai Lei, Macau. This office is furnished to the Company
by a friend of the CEO at no charge.

NOTE
5 – COMMON STOCK

As
of August 31, 2020, there were 61,900,000 shares outstanding.

NOTE
6 – SUBSEQUENT EVENTS

On
November 10, 2020, ten (10) shareholders of the Company, including affiliates Arden Wealth & Trust (Switzerland) AG and New
Reap Global Limited, entered into stock purchase agreements with an aggregate of nineteen (19) non-U.S. accredited investors (the
“Purchase Agreements”) to sell an aggregate of 42,440,316 shares of common stock of SavMobi Technology, Inc. (the
“Company”), which represents approximately 68.6{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of the issued and outstanding shares of common stock of the Company.

The
Purchase Agreements were fully executed and delivered on November 10, 2020. The following persons acquired approximately 10{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} or
more of the issued and outstanding shares of the Company, and the remaining acquiring shareholders each acquired less than 10{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3}
of the outstanding shares:

In
addition, on November 10, 2020, Mr. Poh Kee Liew and Mr. Gim Hooi Ooi, submitted their resignations from all executive officer
positions with the Company, including Chief Executive Officer and Chief Financial Officer, respectively, effective immediately.
In addition, Mr. Poh Kee Liew and Mr. Gim Hooi Ooi, the sole member of the Company’s board of directors, appointed Ma Hongyu
as Director and Chairman of the Board,and following such appointment, Messrs. Liew and Ooi submitted their resignations as members
of the Board, which resignations were effective immediately. On November 10, 2020, Ma Hongyu was also appointed as Chief Executive
Officer, Chief Financial Officer, President, Secretary and Treasurer, effective immediately.

Forward
looking statement notice

This
section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future
events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate,
intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty
on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from our predictions.

Results
of Operations

We
had no revenue for the three month periods ended August 31, 2020 and 2019. We incurred no operating expenses in the three month
periods ended August 31, 2020 and 2019. Our operating expenses include general and administrative expenses and professional services
expenses.

We
incurred no general and administrative expenses for the three month period ended August 31, 2020 and 2019.

As
a result, we generated no income or loss for the three month periods ended August 31, 2020 and 2019.

Capital
Resources and Liquidity

Our
auditors have issued a “going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going
business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have
implemented our plan of operations.

New
management has taken over the Company since May 18, 2017. The Company has not yet opened any corporate bank account.

Off-balance
sheet arrangements

We
do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that is material to investors.

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

Evaluation
of Disclosure Controls and Procedures

We
are required to maintain “disclosure controls and procedures” as such term is defined in Rule 13a-15(e) under the
Securities Exchange Act of 1934. In designing and evaluating our disclosure controls and procedures, our management recognized
that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of disclosure controls and procedures are met. Additionally, in designing disclosure controls and
procedures, our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible
disclosure controls and procedures. The design of any disclosure controls and procedures 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. Based on their evaluation as of the end of the period covered by this report, our Chief
Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were not effective such
that the information relating to our company, required to be disclosed in our Securities and Exchange Commission reports (i) is
recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) is accumulated
and communicated to our management, to allow timely decisions regarding required disclosure as a result of continuing weaknesses
in our internal control over financial reporting.

As
disclosed in our Annual Report on Form 10-K for the year ended May 31, 2020, based on management’s assessment of the effectiveness
of our internal controls over financial reporting, management concluded that our internal controls over financial reporting were
not effective as of May 31, 2020, due to: (1) lack of a functioning audit committee and lack of a majority of outside directors
on the Company’s board of director; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient
written policies and procedures for accounting and financial reporting with respect to the requirements and application of US
GAAP and SEC disclosure requirements; (4) ineffective controls over period end financial disclosure and reporting processes; and
(5) lack of control procedures to ensure all the related parties transactions are approved following the Company’s approval
policy. Management believes the above weakness constitute material weaknesses in our internal control over financial reporting.
Until such time, if ever, that we remediate the material weakness in our internal control over financial reporting we expect that
the material weaknesses in our disclosure controls and procedures will continue.

Changes
in Internal Control Over Financial Reporting

There
were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the period
covered by this report, that have materially affected, or are reasonably likely to materially affect, our internal controls over
financial reporting.

Currently
we are not involved in any pending litigation or legal proceeding.

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

None

None

None

None

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.

EXHIBIT
31.1

CERTIFICATIONS

I,
Ma Hongyu, certify that:

EXHIBIT
31.2

CERTIFICATIONS

I,
Ma Hongyu, certify that:

EXHIBIT
32.1

CERTIFICATION
PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In
connection with the Quarterly Report on Form 10-Q/A for the period ended August 31, 2020 of SavMobi Technology Inc., a Nevada
corporation (the “Company”), as filed with the Securities and Exchange Commission on the date hereof (the “Transition
Report”), I, Ma Hongyu, Chief Executive Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.
The Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934,
as amended; and

2.
The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results
of operation of the Company.

EXHIBIT
32.2

CERTIFICATION
PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In
connection with the Quarterly Report on Form 10-Q/A for the period ended August 31, 2020 of SavMobi Technology Inc., a Nevada
corporation (the “Company”), as filed with the Securities and Exchange Commission on the date hereof (the “Transition
Report”), I, Ma Hongyu, Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.
The Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934,
as amended; and

2.
The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results
of operation of the Company.