CONCENTRATIONS OF RISK

6 Months Ended

Jun. 30, 2021

CONCENTRATIONS OF RISK

NOTE 6 - CONCENTRATIONS OF RISK

NOTE 6 – CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a) Major customers

For the three and six months ended June 30, 2021 and 2020, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

	Three months ended June 30, 2021						June 30, 2021
Customer	Revenues		Percentage of revenues				Accounts receivable
Customer A	$	305,286		100	%	Total:	$	254,347

	Three months ended June 30, 2020						June 30, 2020
Customer	Revenues		Percentage of revenues				Accounts receivable
Customer A	$	282,165		100	%	Total:	$	-

	Six months ended June 30, 2021						June 30, 2021
Customer	Revenues		Percentage of revenues				Accounts receivable
Customer A	$	468,173		100	%	Total:	$	254,347

	Six months ended June 30, 2020						June 30, 2020
Customer	Revenues		Percentage of revenues				Accounts receivable
Customer A	$	275,097		69	%		$	-
Customer B		46,515		12	%			-
Total:	$	321,612		81	%	Total:	$	-

All of the Company’s customers are located in Hong Kong.

(b) Major vendor

For the three and six months ended June 30, 2021, there was one vender represented more than 10% of the Company’s operating cost. This vendor accounted for 100% of the Company’s operating cost with no accounts payable at June 30, 2021.

For the six months ended June 30, 2020, two venders represented more than 10% of the Company’s operating cost. These vendors accounted for 73% and 27%, respectively, of the Company’s operating cost with no accounts payable at June 30, 2020.

For the three months ended June 30, 2020, one vender represented more than 10% of the Company’s operating cost. These vendors accounted for 100% of the Company’s operating cost with no accounts payable at June 30, 2020.

The Company’s vendor is located in Hong Kong.

(c) Economic and political risk

The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations.

(d) Exchange rate risk

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