STOCKHOLDERS EQUITY (DEFICIT)

12 Months Ended

Dec. 31, 2020

STOCKHOLDERS EQUITY (DEFICIT)

NOTE 4 - STOCKHOLDERS' EQUITY (DEFICIT)

Preferred Stock

As of December 31, 2020 and 2019, the Company’s authorized shares were 5,000,000 shares of preferred stock, with a par value of $0.001.

As of December 31, 2020 and 2019, the Company had 1,000,000 shares of Series A preferred stock issued and outstanding.

Common Stock

As of December 31, 2020 and 2019, the Company’s authorized shares were 2,000,000,000 shares of common stock, with a par value of $0.001.

On March 19, 2019, the Company authorized to execute and file with the Secretary of State of the Wyoming the Articles of Amendment to increase its authorized capital stock to 2,000,000,000 shares of its common stock, having a par value of $.0001 per share.

On March 6, 2020, the Company approved by the state government of Wyoming and effectuated a 1 for 10,000 reverse stock split. The number of authorized shares remains unchanged. All share and per share information in this financial statements and footnotes have been retroactively adjusted for all years presented, unless otherwise indicated, to give effect to the reverse stock split.

On March 20, 2020, the Company consummated the Share Exchange Transaction among Gold Shiny International Limited (“GSIL”) and its shareholders and issued 10,000,000 shares of common stock in exchange for 100% equity interest of GSIL. Upon completion of the Share Exchange Transaction, GSIL became a 100% owned subsidiary of the Company.

As of December 31, 2020 and 2019, the Company had 10,199,119 and 10,090,974 shares of common stock issued and outstanding, respectively.

Stock Option Plan

On December 18, 2020, the Company approved the 2020 Stock Incentive Plan (the “Plan”) and authorized the directors to issue the maximum shares of common stock of 1,000,000 under the Plan.

On December 30, 2020, the Company issued 900,000 shares of common stock at the current market price of $0.1440 per share under the Plan to compensate certain consultants and service providers in rendering the past services to the Company.

As of December 31, 2020, 100,000 shares are not issued under the Plan.