~~FORM 10-Q~~x Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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

~~[ ]~~~~TRANSITION REPORT PURSUANT TO SECTION~~o Transition Report pursuant to Section 13 ORor 15(d) ~~OF THE SECURITIES EXCHANGE ACT OF~~of the Securities Exchange Act of 1934

For the transition period from ~~_____________________________to _____________________________~~__________ to __________

~~3rd Floor, Goldlion Digital Network Center, 138 Tiyu Road East,~~Tel: +1 (852) 3703-6155

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or ~~15(d)~~15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ~~Yes☐ No☒~~Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ~~Yes☐ No☒~~Yes x No o

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. (Check one):

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

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

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

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

~~As of August 6, 2015, there were 1,996,355~~date: 652,096,355 common shares ~~of $0.001 par value common stock~~ issued and ~~outstanding.~~outstanding as of April 20, 2021.

Certain information included in this Quarterly Report on Form 10-Q and other filings of the Registrant under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as information communicated orally or in writing between the dates of such filings, contains or may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Quarterly Report on Form 10-Q, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the availability of working capital to fund our operations, the competitive market in which we operate, the efficient and uninterrupted operation of our computer and communications systems, our ability to generate a profit and execute our business plan, the retention of key personnel, our ability to protect and defend our intellectual property, the effects of governmental regulation, and other risks identified in the Registrant’s filings with the Securities and Exchange Commission from time to time.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Although the Registrant believes that the expectations reflected in the forward-looking statements contained herein are reasonable, the Registrant cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither the Registrant, nor any other person, assumes responsibility for the accuracy and completeness of such statements. The Registrant is under no duty to update any of the forward-looking statements contained herein after the date of this Quarterly Report on Form 10-Q.

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

~~NOTE~~－~~1 BASIS OF PRESENTATION~~

Item 1. Financial Statements

The accompanying ~~unaudited condensed~~interim consolidated financial statements of UONLIVE CORPORATION. (“the Company”, “we”, “us” or “our”), have been prepared ~~by management in accordance with both accounting principles generally accepted in~~without audit pursuant to the ~~United States (“GAAP”),~~rules and regulations of the ~~instructions to Form 10-Q~~Securities and ~~Rule 10-01 of Regulation S-X.~~Exchange Commission. Certain information and ~~note~~footnote disclosures normally included in ~~audited~~ financial statements prepared in accordance with United States generally accepted ~~accounting~~ principles have been condensed or omitted pursuant to ~~those~~such rules and ~~regulations, although~~regulations.

The interim consolidated financial statements should be read in conjunction with the ~~Company believes that the disclosures made are adequate to make the information not misleading.~~company’s latest annual financial statements.

In the opinion of management, the consolidated ~~balance sheet as of December 31, 2014 which has been derived from audited~~ financial statements ~~and these unaudited condensed consolidated financial statements reflect~~contain all material adjustments, consisting only of normal ~~and recurring~~ adjustments considered necessary to ~~state~~present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. ~~The results for the period ended June 30, 2015 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2015 or for any future periods.~~

UONLIVE CORPORATION.

~~These unaudited condensed~~CONSOLIDATED BALANCE SHEETS

(Unaudited)

	March 31, 2021			December 31, 2020
ASSETS
CURRENT ASSETS:
Cash	$	2,758		$	2,758
Prepaid expenses and other assets		584			2,334
Total current assets		3,342			5,092


TOTAL ASSETS	$	3,342		$	5,092

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES:
Accounts payable and accrued expenses		1,908			1,908
Loan payable – related party		124,107			99,343
Notes payable – related party		167,554			167,554
Total current liabilities		293,569			268,805


Commitments and Contingencies

STOCKHOLDERS’ DECIFIT
Series A Convertible Preferred stock, par value $0.001 per share; 2,000,000 shares authorized; 520,000 shares issued and outstanding at March 31, 2021 and December 31, 2020		520			520
Series B Convertible Preferred stock, par value $0.001 per share; 1,000,000 shares authorized; 150,000 shares issued and outstanding at March 31, 2021 and December 31, 2020		150			150
Preferred stock, par value $0.001 per share; 10,000,0000 shares authorized; 500,000 shares issued and outstanding at March 31, 2021 and December 31, 2020		500			500
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 652,096,355 shares issued and outstanding at March 31, 2021 and December 31, 2020		652,096			652,096
Capital deficiency		(475,243	)		(475,243	)
Accumulated Deficit		(468,249	)		(441,735	)
Total stockholder’s deficit		(290,226	)		(263,712	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	3,342		$	5,092

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

UONLIVE CORPORATION.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the three months ended

	March 31,
	2021			2020

Operating expenses
General and administrative expenses		7,214			-
Professional fees		19,300			2,500
Total operating expense		26,514			2,500

Loss from operations		(26,514	)		(2,500	)

Other income (expense)
Interest income		-			-
Total other income		-			-

Net loss	$	(26,514	)	$	(2,500	)
Net loss per common share – basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding – basic and diluted		652,096,355			1,996,355

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

UONLIVE CORPORATION.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED MARCH 31, 2021 AND MARCH 31, 2020

(Unaudited)

																				Total
	Series A and B Preferred Stock				Preferred Stock				Common Stock				Capital				Accumulated			Stockholders'
	Number of Shares		Par Value		Number of Shares		Par Value		Number of Shares		Par Value		Deficiency				Deficit			Deficit

Balance - December 31, 2020		650,000		650		500,000		500		652,096,355		652,096		(475,243	)			(441,735	)		(263,712	)
																��


Net loss		-		-		-		-		-		-		-				(26,514	)		(26,514	)

Balance – March 31, 2021		670,000	$	670		500,000	$	500		652,096,355	$	652,096	$	(475,243	)		$	(468,249	)	$	(265,045	)

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

UONLIVE CORPORATION.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED MARCH 31, 2021 AND MARCH 31, 2020

(Unaudited)

																					Total
	Series A and B Preferred Stock						Preferred Stock				Common Stock				Capital			Accumulated			Stockholders'
	Number of Shares			Par Value			Number of Shares		Par Value		Number of Shares		Par Value		Deficiency			Deficit			Deficit

Balance – December 31, 2019		150,000		$	150			500,000	$	500		1,996,355	$	1,996	$	3,350,120		$	(3,520,320.00	)	$	(167,554	)

Shares issued for services - Series B Preferred		650,000			650					-				-		43,829			-			44,479
Conversion of Series B Preferred stock to Common stock		(650,000	)		(650	)				-		650,000,000		650,000		(649,350	)					-

Effect of Share exchange and reverse merger					-					-		100,000		100		(3,520,420	)		3,451,328			(68,992	)

Net loss		-			-			-		-		-		-		-			(2,500	)		(2,500	)

Balance - March 31, 2020		150,000		$	150			500,000	$	500		652,096,355	$	652,096	$	(775,821	)	$	(71,492	)	$	(194,567	)

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

UONLIVE CORPORATION.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE PERIOD

(Unaudited)

	For the Three Month Ended March 31,
	2021			2020
OPERATING ACTIVITIES:

Net Loss	$	(26,514	)	$	(2,500	)
Adjustments to reconcile net loss to net cash (used in) operating activities:

Shares issued for services		-			44,479

Effect of revere merger		-			(68,992	)


Changes in assets and liabilities
Prepaid expense		1,750			(1,000	)
Interest receivable		-			(1	)
Accounts payable		-			1,908
Loan payable – related party		24,764			28,864
NET CASH PROVIDED BY OPERATING ACTIVITIES		-			2,758


NET INCREASE IN CASH		-			2,758

CASH – BEGINNING OF PERIOD		2,758			-
CASH – END OF PERIOD	$	2,758		$	2,758

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:

Cash paid during the periods for:
Interest		-			-
Taxes		-			-

Non-cash investing and financing activities:
Common stock issued in reverse merger		100			-

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

UONLIVE CORPORATION.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021 AND 2020

(Unaudited)

Note 1 – Organization and basis of accounting

Principles of Consolidation

The Company prepares its consolidated financial statements ~~and notes thereto should be read in conjunction with~~on the ~~Management’s Discussion and the audited~~accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and ~~notes thereto included~~its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the ~~Annual Report on Form 10-K for the year ended December 31, 2014.~~

establishing a new business and, even if planned principal operations have commenced, revenues are insignificant.

~~NOTE~~－~~4 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~Note 2 – Summary of significant accounting policies

~~The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note~~Cash and ~~elsewhere in the accompanying condensed consolidated financial statements and notes.~~Cash Equivalents

●	~~Use of estimates~~

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

●	~~Basis of consolidation~~

~~The condensed consolidated financial statements include the financial~~ statements of ~~UOLI and its subsidiaries. All significant inter-company balances and transactions within~~cash flows, the Company ~~have been eliminated upon consolidation.~~

●	~~Cash and cash equivalents~~

~~Cash and cash equivalents are carried at cost and represent~~considers all cash on hand, ~~demand deposits placed with banks~~cash accounts not subject to withdrawal restrictions or ~~other financial institutions~~penalties, and all highly liquid ~~investments~~debt instruments purchased with ~~an original~~a maturity of three months or less ~~as of the purchase date of such investments.~~

●	~~Income taxes~~

~~Income taxes are determined in accordance with the provisions of ASC Topic 740, “~~~~Income Taxes~~” (“ASC 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 years in which those temporary differences are expected to be ~~recovered or settled. Any effect on deferred tax assets~~cash and ~~liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.~~cash equivalents.

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.

For the three and six months ended June 30, 2015 and 2014, the Company did not have any interest and penalties associated with tax positions. As of June 30, 2015, the Company did not have any significant unrecognized uncertain tax positions.Employee Stock-Based Compensation

The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the foreign tax authority.

●	~~Net loss per share~~

~~The Company calculates net loss per share~~accounts for stock-based compensation in accordance with ASC ~~Topic 260,~~ ~~“Earnings per Share.”~~ ~~Basic loss per share~~718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is computed by dividing the net loss by the weighted-average number of common stock 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 stock that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

~~F-7~~

●	~~Comprehensive loss~~

~~ASC Topic 220,~~ ~~“Comprehensive Income”~~ establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

●	~~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 statement of operations.

The reporting currency of the Company is the United States Dollars ("US$") and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company’s subsidiary in Hong Kong maintain its books and record in its local currency, Hong Kong Dollars ("HK$"), which is its functional currency and the primary currency of the economic environment in which their operations are conducted.

~~In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance withASC 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 subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ deficit.

~~Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective period:~~

June 30, 2015

June 30, 2014

Period-end HK$:US$1 exchange rate
7.7522 7.7511
Period average HK$:US$1 exchange rate
7.7535 7.7557

●	~~Segment reporting~~

~~ASC Topic 280,~~~~“Segment Reporting”~~ establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company operates in one reportable segment in Hong Kong.

●	~~Related parties~~

For the purposes of these financial statements, parties are considered to be related if one party has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities.

●	~~Fair value of financial instruments~~

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

~~F-8~~

~~The Company also follows the guidance of 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~~on the ~~inputs used in measuring fair value as follows:~~

●	~~Level 1~~ ~~: Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;~~

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

●

~~Level 3~~ : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models.

~~Fair value estimates are made at a specific point in time~~awards’ grant date, based on ~~relevant market information about~~ the ~~financial instrument. These estimates~~estimated number of awards that are ~~subjective~~expected to vest and will result 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.~~a charge to operations.

●

Subsequent Event

~~Recent accounting pronouncements~~

The Company ~~has reviewed all recently~~evaluated subsequent events through the date when financial statements are issued but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations, as follows:for disclosure consideration.

Recent Accounting Pronouncements

In ~~May 2014,~~February 2016, the FASB issued ~~ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” which amended the existing~~an accounting standards update for ~~revenue recognition.~~leases. The ASU ~~2014-09 establishes principles for recognizing revenue upon~~introduces a lessee model that brings most leases on the ~~transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services.~~balance sheet. The ~~guidance was effective for fiscal years beginning after December 15, 2016 and for interim periods within those fiscal years. In recent re-deliberations, the FASB approved a one-year deferral~~new standard also aligns many of the effective date of this guidance, such that it will be effective on January 1, 2018. Early adoption is not permitted.The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized asunderlying principles of the ~~date of initial application. The Company is currently~~new lessor model with those in the ~~process of evaluating~~current accounting guidance as well as the ~~impact of adoption of~~FASB's new revenue recognition standard. However, the ASU ~~on its condensed consolidated~~eliminates the use of bright-line tests in determining lease classification as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative disclosures to better enable users of financial statements ~~but does not expect~~to assess the ~~impact to be material.~~

~~In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms~~amount, timing, and uncertainty of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period (Topic 718)”. ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12cash flows arising from leases. The pronouncement is effective for annual reporting periods beginning after December 15, ~~2015, with early~~2019, and interim periods within fiscal years beginning after December 15, 2020, for nonpublic entities using a modified retrospective approach. Early adoption is permitted. The Company is still evaluating the ~~potential impacts of~~impact that the new ~~standard~~accounting guidance will have on its ~~existing share-based compensation plans, but does~~consolidated financial statements and related disclosures and has not ~~expect~~yet determined the ~~impact to be material.~~method by which it will adopt the standard.

Note 3- Going Concern

In ~~August 2014,~~early January 2020, an outbreak of a respiratory illness caused by the ~~FASB issued ASU 2014-15, “Presentation~~coronavirus was identified in Wuhan, China. As part of ~~Financial Statements - Going Concern (Subtopic 205-40): Disclosure~~its effort to combat the virus, the government of ~~Uncertainties about~~China has placed travel restrictions throughout parts of China. This has resulted in some of the Company’s customers and suppliers being closed for an ~~Entity’s Ability~~extended period or operating at significantly below their normal capacity and will also affect our suppliers that source some of their materials from China. The duration and intensity of this global health emergency and related disruptions is uncertain. The duration of this crisis and its impact on both the Company’s customers and supply chain is expected to ~~Continue~~have a material impact on the consolidated results of operations, cash flows and financial condition, but cannot be reasonably estimated at this time.

The accompanying consolidated financial statements have been prepared assuming the continuation of the Company as a ~~Going Concern”. ASU 2014-15 addresses management’s responsibility~~going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in ~~evaluating whether~~effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there ~~is substantial doubt about a company’s ability~~can be no assurance that the Company will be able to raise additional equity capital or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying 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 from the possible inability of the Company to continue as a going ~~concern~~concern.

Note 4 - Fair value of the Assets Acquired and the Liabilities Assumed

The following is the preliminary estimate of the fair value of the assets acquired and the liabilities assumed by Uonlive Corporation in the Share Exchange:

	Dr. (Cr.)
Cash and cash equivalents	$	162,068
Other payables and accrued expenses		(1,532	)
Loan payable – related party		(229,528	)
Net liabilities acquired	$	(68,992	)

Note 5 – Related party transactions

On June 15, 2018, the eight judicial District Court of Nevada appointed Small Cap Compliance, LLC as custodian for Uonlive Corporation., proper notice having been given to ~~provide related footnote disclosures. Management’s evaluation should be based on relevant conditions~~the officers and ~~events that are known~~directors of Uonlive Corporation. There was no opposition.

On June 16, 2018, the Company filed a certificate of revival with the state of Nevada, appointing Small Cap Compliance as, President, Secretary, Treasurer and ~~reasonably knowable~~Director.

On March 02, 2020, the Company entered into a Definitive Share Agreement whereby Raymond Fu, the sole shareholder of Asia Image Investment Limited (“Asia Image”), relinquished all his shares in Asia Image and acquired 100,000 shares of the Company. Consequently, Asia Image became a wholly-owned subsidiary of the Company.

On May 26, 2020, the Company issued 650,000 shares of Series B Convertible Preferred Stock to Uonlive (Hong Kong) Limited for the provision of management services valued at ~~the date that the financial statements are issued. This guidance is effective for fiscal years ending after December 15, 2016~~$44,479. Mr. Raymond Fu, President, and ~~for interim periods within those fiscal years, with early adoption permitted. The~~Chief Executive Officer of the Company is ~~currently in~~also the ~~process~~indirect beneficial owner of ~~evaluating the impact of adoption of the ASU on its condensed consolidated financial statements, but does not expect the impact to be material.~~Uonlive (Hong Kong) Limited.

In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30)” which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts or premiums. ASU 2015-03 is effective for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is currently in the process of evaluating the impact of adoption of the ASU on its condensed consolidated financial statements, but does not expect the impact to be material.

~~F-9~~

In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory.” Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016, with early adoption permitted. The Company is currently in the process of evaluating the impact of adoption of the ASU on its condensed consolidated financial statements, but does not expect the impact to be material.

~~NOTE~~－~~6 INCOME TAXES~~On June 08, 2020, the Company converted 650,000 Series B convertible Preferred Stock into 650,000,000 common stock.

~~The~~As of March 31, 2021 and December 31, 2020, a total of 652,096,355 shares of common stock with par value $0.001 remain outstanding.

Note 8 – Preferred stock

Preferred Stock

On January 01, 2018 the Company ~~generated an operating loss~~created 1,000,000 shares of Series B Convertible Preferred Stock, out of the 1,000,000 shares that were already authorized. On September 07, 2018, the Company issued 150,000 shares of the Series B convertible preferred stock to Chuang Fu Qu Kuai Lian Technology (Shenzhen) Limited for services valued at $30,000.

On May 26, 2020, the Company issued 650,000 shares of Series B Convertible Preferred Stock to Uonlive (Hong Kong) Limited for the six months ended June 30, 2015 and 2014 and did not record income tax expense. The Company has operations in various countries and is subject to tax in the jurisdictions in which they operate, as follows:

~~United States~~provision of ~~America~~

UOLI is registered in the State of Nevada and is subject to United States of America tax law. No provision for income taxes have been made as UOLI has generated no taxable income for the periods presented. The Company has not completed filings of these US tax returns. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the period presented.

~~British Virgin Island~~

~~Under the current BVI law, the Company is not subject to tax on income.~~

~~Hong Kong~~

~~The Company’s subsidiary operating in Hong Kong is subject to Hong Kong Profits Tax~~management services valued at the statutory rate of 16.5% on its assessable income for the six months ended June 30, 2015 and 2014, respectively. For the six months ended June 30, 2015, the Company hasgenerated no operating income, with approximately $2,439,612 of net operating loss carryforwards for Hong Kong tax purpose at no expiration.$44,479.

~~F-10~~

The following ~~table sets forth the significant components~~is a description of the ~~aggregate net deferred tax~~material rights of our Series B Convertible Preferred Stock:

Each share of Series B convertible Preferred Stock shall have a par value of $0.001 per share. The Series B Preferred Stock shall vote on any matter that may from time to time be submitted to the Company’s shareholders for a vote, on a 1,000 for one basis. If the Company effects a stock split which either increases or decreases the number of shares of Common Stock outstanding and entitled to vote, the voting rights of the Series A shall not be subject to adjustment unless specifically authorized.

Each share of Series B Convertible Preferred Stock shall be convertible into 1,000 shares of Common Stock (“Conversion Ratio”), at the option of a Holder, at any time and from time to time, from and after the issuance of the Series C Preferred Stock.

In the event of any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary, subject to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time to time hereafter come into existence, the holders of the Series B Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets of the ~~Company as~~Corporation to the holders of ~~June 30, 2015~~Common Stock by reason of their ownership thereof, an amount per share equal to the price per share actually paid to the Corporation upon the initial issuance of the Series B Preferred Stock (each, the “the Original Issue Price”) for each share of Series B Preferred Stock then held by them, plus declared but unpaid dividends. Unless the Corporation can establish a different Original Issue Price in connection with a particular sale of Series B Preferred Stock, the Original issue price shall be $0.001 per share for the Series B Preferred Stock. If, upon the occurrence of any liquidation, dissolution or winding up of the Corporation, the assets and ~~December 31, 2014:~~funds thus distributed among the holders of the Series B Preferred Stock shall be insufficient to permit the payment to such holders of the full aforesaid preferential amounts, then, subject to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time to time hereafter come into existence, the entire assets and funds of the corporation legally available for distribution shall be distributed ratably among the holders of the each series of Preferred Stock in proportion to the preferential amount each such holder is otherwise entitled to receive.

June 30, 2015

December 31, 2014

Deferred tax assets:

Net operating loss carryforwards

- United States of America (local)
48,162 -
- Hong Kong
402,536 403,117
Less: valuation allowance
(450,698 ) (403,117 )

Net deferred tax assets
$ - $ -

The Series B Preferred Stock shares are nonredeemable other than upon the mutual agreement of the Company and the holder of shares to be redeemed, and even in such case only to the extent permitted by this Certificate of Designation, the Corporation’s Articles of Incorporation and applicable law.

Series B Preferred Stock shall be convertible, at the option of the holder thereof, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Original Issue Price of the Series B Preferred Stock by the Series B Conversion Price applicable to such share, determined as hereafter provided, in effect on the date the certificate is surrendered for conversion.

On October 07, 2020, the Company’s board of directors approved the creation of 2,000,000 shares of a Series A Preferred stock. On that same dated the Company issued 520,000 shares of its newly created Series A Preferred Stock to Uonlive (Hong Kong) Limtied as payment for management services provided valued at $222,027.

As of ~~June 30, 2015,~~March 31, 2021 and December 31, 2020, the Company has ~~provided for a full valuation allowance against the deferred tax assets~~150,000 shares of $450,698 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. For the six months ended June 30, 2015, the valuation allowance is increased by $47,581, primarily relating to net operating loss carryforwards from the foreign tax regime.

Series B Convertible preferred shares and 1,020,000 Series A Convertible preferred shares outstanding

~~Item~~ITEM 2. ~~Management’s Discussion and Analysis of Financial Condition and Results of Operations.~~MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

~~PRELIMINARY NOTE REGARDING FORWARD-LOOKING STATEMENTS~~Forward looking statement notice

~~This discussion contains forward-looking statements. The reader should understand~~Statements made in this Form 10-Q that ~~several factors govern whether any forward-looking statement contained herein will be~~are not historical or can be achieved. Any one of those factors could cause actual results to differ materially from those projected herein. These forward-looking statements include plans and objectives of management for future operations, including plans and objectives relatingcurrent facts are “forward-looking statements” made pursuant to the ~~products and the future economic performance~~safe harbor provisions of the Company. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions, future business decisions, and the time and money required to successfully complete development projects, allSection 27A of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of those assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in any of the forward-looking statements contained herein will be realized. Based on actual experience and business development, the Company may alter its marketing, capital expenditure plans or other budgets, which may in turn affect the Company's results of operations. In light of the significant uncertainties inherent in the forward-looking statements included therein, the inclusion of any such statement should not be regarded as a representation by the Company or any other person that the objectives or plans of the Company will be achieved.

The predecessor of Uonlive Corporation was incorporated in the State of Nevada on January 29, 1998 under the name Txon International Development Corporation to conduct any lawful business, to exercise any lawful purpose and power, and to engage in any lawful act or activity for which corporations may be organized under the General Corporation Laws of Nevada. On August 1, 2008, the Company changed its name to Uonlive Corporation.

On March 28, 2008, the Company entered into the Exchange Agreement with Tsang William, Uonlive Limited, Tsun Samuel, Hui Chi Kit and Parure Capital Limited. Upon closing of the Share Exchange on March 31, 2008, Tsun and Hui delivered all of their share capital in Parure Capital to the Company in exchange for 150,000,000 shares of common stock of the Company and 500,000 shares of Series A Convertible Preferred Stock, resulting in Parure Capital becoming a wholly owned subsidiary of the Company and Uonlive becoming an indirect wholly owned subsidiary of the Company.

As a result, 495,566 post reverse split shares of the Company’s common stock were outstanding immediately prior to the closing of the Share Exchange, and 1,995,659 shares of the Company’s common stock were outstanding immediately after the closing of the Share Exchange. In addition, 500,000 shares of Series A Convertible Preferred Stock were outstanding immediately after the closing of the Share Exchange. Of these shares, approximately 263,559 shares represented the Company’s “public float” prior to and after the Share Exchange. The 1,500,000 shares of common stock and 500,000 shares of Series A Convertible Preferred Stock issued in the Share Exchange were issued in reliance upon an exemption from registration pursuant to Regulation S under the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as ~~amended (the “Securities Act”). The shares~~“may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the ~~public float will continue~~future. However, forward-looking statements are subject to ~~represent~~risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the ~~shares~~date of such statement or to reflect the ~~Company’s common stock held for resale without further registration by the holders thereof. After the Share Exchange, Uonlive becomes our operating subsidiary.~~occurrence of anticipated or unanticipated events.

~~On May 19, 2009, we approved a 1:100 reverse stock split (the “Reverse Split”) of~~Financial information contained in this quarterly report and in our ~~common stock~~unaudited interim financial statements is stated in United States dollars and ~~an amendment to our Articles of Incorporation to effectuate the Reverse Split.~~

~~Uonlive was a private online multimedia company incorporated~~are prepared in ~~April 2007~~accordance with its headquarters in Hong Kong, China. Until December 31, 2011, the main business of Uonlive was operating an online radio station, a kind of virtual community able to provide the public with free online radio services, and mainly targets the younger listening audience.

Uonlive provided multi-division entertainment programs through live-audio-radio and audio-on-demand. Audio-on-demand allows the listener to choose his or her own programming. Uonlive also utilized the most advanced technology for DJs and audiences to control their broadcasting techniques. Uonlive had planned to distribute online radio programs for communication products including mobile and family electronics with new radio receiving techniques.

Different than traditional radio stations, Uonlive was continuously adding more interactive features, including online live voting, chat rooms, blogs, download service, an online player and more in order to reach increased audiences.United States generally accepted accounting principles.

In ~~addition, Uonlive provided professional training courses to DJs. It was committed to developing new radio personalities by providing professional~~March 2020, the World Health Organization categorized Coronavirus Disease 2019 (“COVID-19”) as a pandemic, and ~~systematic training programs. After completion~~the President of the ~~courses,~~United States declared the ~~participants would be qualified to take part in large-scale activities~~COVID-19 outbreak a national emergency. The services we provide are currently designated an essential critical infrastructure business under the President’s COVID-19 guidance, the continued operation of which is vital for national public health, safety and ~~ceremonies. Such opportunities worked for the mutual benefit~~national economic security. The extent of the ~~online station~~impact of the COVID-19 outbreak on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, its impact on our customers and vendors, and the ~~participant.~~

~~Our objective was to develop~~range of governmental and ~~provide diversified programming that had an upbeat message for anyone who listens.~~

During the first quarter of 2012, our management, after consulting the Board of Directors, decided to cease our operation because of minimal revenue and no improvement in developing the market for internet radio in Hong Kong.

Our current business plan is to seek and identify a privately owned company which is looking to become a publicly listed company by combining their operation with us through a reverse merger. Private companies wishing to have their securities publicly traded may seek to merge or effect an exchange transaction with a shell company with a significant stockholder base. As a result of the merger or exchange transaction, the stockholders of the private company will hold a majority of the issued and outstanding shares of the shell company. Typically, the directors and officers of the private company become the directors and officers of the shell company. Often the name of the private company becomes the name of the shell company.

We have no capital and must depend on our controlling shareholders to provide us funding for our daily operation and expenses, including professional fee and fees charged by regulators, although they are under no obligation to do so. Mr. Hui Chi Kit is primarily tasked to investigate acquisition opportunities although we believe that business opportunities may also come to our attention from various sources, including our controlling shareholders, professional advisors such as attorneys and accountants, securities broker-dealers, venture capitalists, members of the financial community ~~and others who may present unsolicited proposals.~~

We cannot give assurance that we will successfully find a suitable candidate to implement its operation with us by a reverse merge. We also cannot give assurance that any acquisition, if occurs, will be on terms that are favorable to us or to our shareholders.

We do not propose to restrict our search for candidate in any particular geographical area of industry. Our management’s discretion in the selection of the business opportunities is unrestricted, subjectreactions to the ~~availability~~pandemic, which are uncertain and cannot be fully predicted at this time.

Management’s Plan of ~~such opportunities, economic conditions, and other factors.~~

Any entity which has an interest in being acquired by, or merging into us, is expected to be an entity that desires to become a public company and establish a public trading market for its securities. In connection with such a merger or acquisition, it is anticipated that an amount of common stock constituting control of us would be issued by us.

Certain types of business acquisition transactions may be completed without requiring us to first submit the transaction to our stockholders for their approval. If the proposed transaction is structured in such a fashion our stockholders (other than our controlling stockholders) will not be provided with financial or other information relating to the candidate prior to the completion of the transaction.

If a proposed business combination or business acquisition transaction is structured that requires our stockholder approval, and we are a reporting company, we will be required to provide our stockholders with information as applicable under Regulations 14A and 14C under the Exchange Act.

The analysis of business opportunities will be undertaken by or under the supervision of Mr.Hui Chi Kit, our Chief Financial Officer. In analyzing potential merger candidates, our management will consider, among other things, the following factors:

There is no single factor that will be controlling in the selection of a business opportunity. Our management will attempt to analyze all factors appropriate to each opportunity and make a determination based upon reasonable measures and available data. Potentially available business opportunities may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Because of our limited working capital available and limited personnel to perform due diligence and investigation we may not discover or adequately evaluate adverse facts about the business opportunity to be acquired.

We are unable to predict when we may participate in a business opportunity. Prior to making a decision to participate in a business transaction, we will generally request that we be provided with written materials regarding the business opportunity, including, but not limited to, a description of products, services and company history; financial information; available projections, with related assumptions upon which they are based; an explanation of proprietary products and services; evidence of existing patents, trademarks, or service marks, or rights thereto; present and proposed forms of compensation to management; a description of transactions between such company and its affiliates during the relevant periods; a description of present and required facilities; an analysis of risks and competitive conditions; audited financial statements, or if audited financial statements are not available, unaudited financial statements, together with reasonable assurance that audited financial statements would be able to be produced to comply with the requirements of a Current Report on Form 8-K to be filed with the Securities and Exchange Commission, upon consummation of the business combination.

We believe that various types of potential candidates might find a business combination with us to be attractive. These include candidates desiring to create a public market for their securities in order to enhance liquidity for current stockholders, candidates which have long-term plans for raising capital through public sale of securities and believe that the prior existence of a public market for their securities would be beneficial, and candidates which plan to acquire additional assets through issuance of securities rather than for cash, and believe that the development of a public market for their securities will be of assistance in that process.

The following discussion contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, we also may provide forward-looking statements in other materials we release to the public.

The Company’s current business objective is to seek a business combination with an operating company. We intend to use the Company’s limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt or a combination of capital stock and debt, in effecting a business combination. It may be expected that entering into a business combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital stock:

In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. Due to the outbreak and spread of COVID-19, the Company’s management and advisors responsible for financial reporting have experienced administrative delays, include travel restrictions and reduced work hours. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at March 31, 2021. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of this Quarter Report on Form 10-Q. These estimates may change, as new events occur, and additional information is obtained.

The following comparative analysis on results of operations was based primarily on the comparative financial statements, footnotes and related information for the periods identified below and should be read in conjunction with the ~~unaudited consolidated Financial Statements of~~financial statements and the ~~Company for the three-month and six-month periods ended June 30, 2015 and related~~ notes ~~thereto.~~to those statements that are included elsewhere in this report.

Results Of Operations During The Three Months Ended March 31, 2021 As Compared To The Three Months Ended March 31, 2020

~~THREE-MONTH PERIOD ENDED JUNE 30, 2015 COMPARED TO THREE-MONTH PERIOD ENDED JUNE 30, 2014~~

~~We recorded~~For the three months ended March 31, 2021 and three months ended March 31, 2020, the Company generated no ~~consolidated revenue and consolidated gross loss for the three-month period ended June 30, 2015 and the same corresponding period in 2014 as we are a shell company without any operations to generate~~ revenue. ~~We do not anticipate receiving further revenue for so long as we have no operations.~~

~~Operating~~For the three months ended March 31, 2021 and March 31, 2020, we incurred operating expenses ~~for the three-month period ended June 30, 2015 increased~~of $26,514 and $2,500, respectively. The increase in operating expenses is mainly due to ~~$23,559 from $2,014~~an increase in ~~the corresponding period of 2014, reflecting a fee for consulting and professional services Operating expenses consisted of consulting and~~ professional fees ~~of $23,171~~associated accounting and ~~general~~auditing fees associated with the share exchange and ~~administrative expenses of $388. We are expecting approximately $100,000 of annual operating expense for the forthcoming years.~~

~~During the three-month period ended June 30, 2015; we incurred zero depreciation expenses, which is the same as the corresponding period~~reverse merger in ~~2014.~~March 2020.

WeFor the three months ended March 31, 2021 we incurred a net loss of ~~$23,559~~$26,514 and $2,500, respectively. The increase in operating expenses is mainly due to an increase in professional fees associated accounting and auditing fees associated with the share exchange and reverse merger in March 2020.

Currently, we are relying on sales of our products. Currently, we pay costs associated with running a business on a day to day basis.

As of March 31, 2021, we had no cash on hand and current liabilities of $293,568. As of December 31, 2020, we had cash on hand of $2,758 and current liabilities of $268,804.

To the extent that our capital resources are insufficient to meet current or planned operating requirements, we will seek additional funds through equity or debt financing, collaborative or other arrangements with corporate partners, licensees or others, and from other sources, which may have the effect of diluting the holdings of existing shareholders. The Company has no current arrangements with respect to, or sources of, such additional financing and we do not anticipate that existing shareholders will provide any portion of our future financing requirements.

No assurance can be given that additional financing will be available when needed or that such financing will be available on terms acceptable to the Company. If adequate funds are not available, we may be required to delay or terminate expenditures for ~~the three-month period ended June 30, 2015, compared~~certain of its programs that it would otherwise seek to ~~$2,014 for the corresponding period in the year 2014. We accounted for~~develop and commercialize. This would have a ~~comprehensive loss of $24,405 for the three-month period ended June 30, 2015 after an adjustment~~material adverse effect on the ~~foreign currency translation, compared to $4,508 for the same corresponding period in 2014.~~Company.

~~SIX-MONTH PERIOD ENDED JUNE 30, 2015 COMPARED TO SIX-MONTH PERIOD ENDED JUNE 30, 2014~~

We ~~recorded~~have no ~~consolidated revenue and consolidated gross loss for the six-month period ended June 30, 2015 and the same corresponding period~~off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in ~~2014~~financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

This item is not applicable as we are currently considered a ~~shell~~smaller reporting company. ~~We do not anticipate receiving further revenue for so long as we have no operations.~~

Operating expenses for the six-month period ended June 30, 2015 increased by $88,336 to $92,350 which consists of $84,270 in consulting and professional fees and general and administrative expenses of $8,080. We are expecting approximately $100,000 of annual operating expense for the forthcoming years.

~~We incurred no depreciation expenses during the six-month period ended June 30, 2015 and 2014.~~

We incurred a net loss of approximately $92,350 for the six-month period ended June 30, 2015, an increase of approximately $88,336 from the corresponding period in the year 2014 due to the increase in operating expenses. We accounted for a comprehensive loss of approximately $94,548 for the six-month period ended June 30, 2015 compared to a comprehensive loss of approximately $5,578 for the same period in 2014.

During the six-month period ended June 30, 2015, net cash used in operating activities was $84,761, which included a net loss of $92,350 offset by an increase in accounts payable and accrued liabilities of $7,589 compared to net cash used in operating activities of $14 for the same period in 2014. Net cash provided by financing activities was $84,597 and $14 for the six-month periods ended June 30, 2015 and 2014, respectively, which represented advances from a shareholder.

We believe that the level of financial resources is a significant factor for our future development and, accordingly, may choose at any time to raise capital through private debt or equity financing to strengthen our financial position, facilitate growth and provide us with additional flexibility to take advantage of business opportunities. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

~~Item 3. Quantitative and Qualitative Disclosures About~~ ~~Market Risk.~~

~~Conclusion Regarding the Effectiveness~~Evaluation of Disclosure Controls and Procedures

~~We conducted an evaluation of~~Our CEO and CFO have evaluated the effectiveness ~~of the design and operation~~ of our disclosure controls and procedures ~~as such term is~~(as defined ~~under~~in Rule 13a-15(e) ~~promulgated~~and 15d-15(e) under the ~~Securities~~ Exchange ~~Act~~Act) as of ~~1934, as amended (Exchange Act), under~~ the ~~supervision~~end of ~~and with~~ the ~~participation of our management, including the Chief Executive Officer and Chief Financial Officer.~~period covered by this document. Based on ~~that~~the evaluation, ~~our management, including the Chief Executive Officer and Chief Financial Officer,~~they have concluded that our disclosure controls and procedures ~~subject to limitations as noted below, as of June 30, 2015, and during the period prior to and including the date of this report, were~~are not effective in timely alerting them to ~~ensure~~material information relating to us that ~~all~~is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports ~~that~~ we file or submit under the ~~Exchange~~ Act ~~is: (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rule and forms; and (ii)~~is accumulated and communicated to our management, including our ~~Chief Executive Officer and Chief Financial Officer,~~chief financial officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Chief Executive Officer and Chief Financial Officer concluded that (i) there continue to be material weaknesses in the Company’s internal controls over financial reporting, that the weaknesses constitute a “deficiency” which could result in misstatements of the foregoing accounts and disclosures that could result in a material misstatement to the financial statements for the period covered by this report that would not be detected, and (ii) accordingly, ourOur disclosure controls and procedures were not effective as of ~~June 30, 2015.~~March 31, 2021 due to the material weaknesses as disclosed in the Company’s Annual Report on Form 10-12G filed with the SEC.

~~Inherent~~ Limitations of the Effectiveness of Disclosure Controls and Internal Controls

~~Because of its inherent limitations,~~Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls and ~~procedures may not~~internal controls will prevent ~~or detect misstatements.~~all error 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, within the Company have been detected. ~~Also, projections~~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 control.

The design of any ~~evaluation~~system of ~~effectiveness to~~controls is also based in part upon certain assumptions about the likelihood of future ~~periods are subject to the risk~~events, and there can be no assurance that ~~controls~~any design will succeed in achieving our stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or ~~that~~ the degree of compliance with the policies ~~and~~or procedures may deteriorate. Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

~~Subject to the foregoing disclosure, there were~~There have been no changes in our internal control over financial reporting subsequent to March 31, 2021, which were identified in connection with our management’s evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that ~~occurred during our fiscal quarter ended June 30, 2015, that~~have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~None.~~We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

~~Not applicable.~~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.

THE EFFECTS OF THE RECENT COVID-19 CORONAVIRUS PANDEMIC ARE NOT IMMEDIATELY KNOWN, BUT MAY ADVERSELY AFFECT OUR BUSINESS, RESULTS OF OPERATIONS, FINANCIAL CONDITION, LIQUIDITY, AND CASH FLOW.

Presently, the impact of COVID-19 has not shown any imminent adverse effects on our business. This notwithstanding, it is still unknown and difficult to predict what adverse effects, if any, COVID-19 can have on our business, or against the various aspects of same, or how COVID-19 will continue to effect the world as the virus case numbers rise and fall.

As of the date of this Annual Report, COVID-19 coronavirus has been declared a pandemic by the World Health Organization, has been declared a National Emergency by the United States Government. COVID-19 coronavirus caused significant volatility in global markets. The spread of COVID-19 coronavirus has caused public health officials to recommend precautions to mitigate the spread of the virus, especially as to travel and congregating in large numbers. In addition, certain countries, states and municipalities have enacted, quarantining and “shelter-in-place” regulations which severely limit the ability of people to move and travel and require non-essential businesses and organizations to close. While some places have lessened their “shelter-in-place” restrictions and travel bans, as they are removed there is no certainty that an outbreak will not occur, and additional restrictions imposed again in response.

It is unclear how such restrictions, which will contribute to a general slowdown in the global economy, will affect our business, results of operations, financial condition and our future strategic plans. Shelter-in-place and essential-only travel regulations could negatively impact us. The current status of COVID-19 coronavirus closures and restrictions could negatively impact our ability to receive funding from our existing capital sources as each business is and has been affected uniquely.

If any of our employees, consultant, customers, or visitors were to become infected we could be forced to close our operations temporarily as a preventative measure to prevent the risk of spread which could also negatively impact our ability to receive funding from our existing capital sources as each business is and has been affected uniquely

In addition, our headquarters are located in Hong Kong, China which experienced restrictions on individuals and business shutdowns as the result of COVID-19. It is unclear at this time how these restrictions will be continued and/or amended as the pandemic evolves. We are hopeful that COVID-19 closures will have only a limited effect on our operations.

GENERAL SECURITIES MARKET UNCERTAINTIES RESULTING FROM THE COVID-19 PANDEMIC.

Since the outset of the pandemic the United States and worldwide national securities markets have undergone unprecedented stress due to the uncertainties of the pandemic and the resulting reactions and outcomes of government, business and the general population. These uncertainties have resulted in declines in all market sectors, increases in volumes due to flight to safety and governmental actions to support the markets. As a result, until the pandemic has stabilized, the markets may not be available to the Company for purposes of raising required capital. Should we not be able to obtain financing when required, in the amounts necessary to execute on our plans in full, or on terms which are economically feasible we may be unable to sustain the necessary capital to pursue our strategic plan and may have to reduce the planned future growth and/or scope of our operations.

~~Item~~ITEM 2. ~~Unregistered Sales of Equity Securities and Use of Proceeds.~~UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

~~Item~~ITEM 3. ~~Defaults Upon Senior Securities.~~DEFAULTS UPON SENIOR SECURITES

~~Item~~ITEM 4. ~~Mine Safety Disclosures.~~SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

~~Copies of the~~The following ~~documents~~exhibits are included as ~~exhibits to~~part of this report ~~pursuant to Item 601 of Regulation S-K.~~by reference:

~~(1) Incorporated herein by reference~~*Pursuant to ~~Exhibit 3.6~~Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to ~~the Company’s Current Report on Form 8-K filed with the Commission on September 8, 2014.~~

~~(2) Incorporated herein by reference to Exhibit 3.2 to the Company’s Registration Statement on Form 10-SB filed with the Commission on September 9, 1999.~~

~~(3) Incorporated herein by reference to Exhibit 3.3 to the Company’s Current Report on Form 8-K filed with the Commission on September 8, 2014.~~liability under these sections.

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.

Large accelerated ~~filer☐~~ filer	~~Accelerated filer☐~~ o	Non-accelerated filer	x
~~Non-accelerated~~Large accelerated filer ~~☐ ( Do not check if a smaller reporting company)~~	o	Smaller reporting ~~company☒~~ company	x
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		~~Page~~

~~PART I.~~	~~Financial Information~~	~~F-1~~

	~~Item 1. Financial Statements (Unaudited).~~	~~F-1~~

	~~Item 2. Management’s Discussion and Analysis of Financial Condition and results of Operation.~~	12

	~~Item 3. Quantitative and Qualitative Disclosures About Market Risk.~~	16

	~~Item 4. Controls and Procedures.~~	16

~~PART II.~~	~~Other Information~~	17

	~~Item 1. Legal Proceedings.~~	17

	~~Item 1A. Risk Factors.~~	17

	~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.~~	17

	~~Item 3. Defaults Upon Senior Securities.~~	17

	~~Item 4. Mine Safety Disclosures.~~	17

	~~Item 5. Other Information.~~	17

	~~Item 6. Exhibits.~~	17

	~~Signatures~~	18

			Page
~~Page~~PART I FINANCIAL INFORMATION:

~~Condensed~~ Item 1.	Consolidated Financial Statements (Unaudited)		4
	Consolidated Balance Sheets as of ~~June 30, 2015~~March 31, 2021 (Unaudited) and December 31, ~~2014 (Audited)~~ 2020		~~F-2~~ 5

~~Condensed~~ Consolidated Statements of Operations ~~And Comprehensive Loss~~ for the Three ~~and Six~~ Months ~~ended June 30, 2015~~Ended March 31, 2021 (Unaudited) and ~~2014~~ March 31, 2020 (unaudited)		~~F-3~~ 6
	Consolidated Statements of Changes in Stockholders’ Deficit for the Three Months Ended March 31, 2021 and March 31, 2020 (unaudited)		7
~~Condensed~~	Consolidated Statements of Cash Flows for the ~~Six~~Three Months ~~ended June 30, 2015~~Ended March 31, 2021 and ~~2014~~ 2020 (unaudited)		~~F-4~~ 9
	Notes to the Unaudited Consolidated Financial Statements		10

~~Condensed Consolidated Statement~~Item 2.	Management’s Discussion and Analysis of ~~Stockholders’ Deficit for the Six Months ended June 30, 2015~~ Financial Condition and Results of Operations		~~F-5~~ 15
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		18
Item 4.	Controls and Procedures		18

~~Notes to Condensed Consolidated Financial Statements~~ PART II OTHER INFORMATION:			~~F-6~~

Item 1.	Legal Proceedings		19
Item 1A.	Risk Factors		19
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		20
Item 3.	Defaults Upon Senior Securities		20
Item 4.	Submission of Matters to ~~F-10~~ a Vote of Securities Holders		20
Item 5.	Other Information		20
Item 6.	Exhibits		20
	Signatures		21

	June 30, 2015			December 31, 2014
	(Unaudited)			(Audited)
ASSETS
Current assets:
Cash and cash equivalents	$	72		$	236

TOTAL ASSETS	$	72		$	236

LIABILITIES AND STOCKHOLDERS’DEFICIT
Current liabilities:
Accounts payable and accrued liabilities	$	62,589		$	72,000
Amounts due to shareholders		3,226,383			3,122,700

Total current liabilities		3,288,972			3,194,700

Long-term liabilities:
Note payable to a shareholder		167,666			167,554

Total liabilities		3,456,638			3,362,254

Commitments and contingencies

Stockholders’ deficit:
Series A, Convertible preferred stock, $0.001 par value; 10,000,000 shares authorized, 500,000 shares issued and outstanding, respectively		500			500
Common stock, $0.001 par value; 200,000,000 shares authorized; 1,996,355 shares issued and outstanding, respectively		1,996			1,996
Additional paid-in capital		197,570			197,570
Accumulated other comprehensive loss		(8,828	)		(6,630	)
Accumulated deficits		(3,647,804	)		(3,555,454	)

Total stockholders’ deficit		(3,456,566	)		(3,362,018	)
TOTAL LIABILITIES AND STOCKHOLDERS’DEFICIT	$	72		$	236

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014

REVENUES, NET	$	-		$	-		$	-		$	-

COST OF REVENUE		-			-			-			-

GROSS LOSS		-			-			-			-

Operating expenses:
Consulting and professional fee		23,171			2,000			84,270			4,000
General and administrative		388			14			8,080			14
Total operating expenses		23,559			2,014			92,350			4,014

LOSS BEFORE INCOME TAXES		(23,559	)		(2,014	)		(92,350	)		(4,014	)

Income tax expense		-			-			-			-

NET LOSS	$	(23,559	)	$	(2,014	)	$	(92,350	)	$	(4,014	)

Other comprehensive loss:
- Foreign currency translation loss		(846	)		(2,494	)		(2,198	)		(1,564	)

COMPREHENSIVE LOSS	$	(24,405	)	$	(4,508	)	$	(94,548	)	$	(5,578	)

Net loss per share – basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.05	)	$	(0.00	)

Weighted average common shares outstanding – basic and diluted		1,996,355			1,996,355			1,996,355			1,996,355

	Series A Convertible preferred stock				Common stock				Additional paid-in		Accumulated other comprehensive			Accumulated			Total stockholders’
	No. of shares		Amount		No. of shares		Amount			capital		loss			deficit			deficit

Balance as of January 1, 2015		500,000	$	500		1,996,355	$	1,996	$	197,570	$	(6,630	)	$	(3,555,454	)	$	(3,362,018	)

Net loss for the period		-		-		-		-		-		-			(92,350	)		(92,350	)

Foreign currency translation adjustment		-		-		-		-		-		(2,198	)		-			(2,198	)

Balance as of June 30, 2015		500,000	$	500		1,996,355	$	1,996	$	197,570	$	(8,828	)	$	(3,647,804	)	$	(3,456,566	)

	June 30, 2015		June 30, 2014
Period-end HK$:US$1 exchange rate		7.7522		7.7511
Period average HK$:US$1 exchange rate		7.7535		7.7557

	June 30, 2015			December 31, 2014
Deferred tax assets:
Net operating loss carryforwards
- United States of America (local)		48,162			-
- Hong Kong		402,536			403,117
Less: valuation allowance		(450,698	)		(403,117	)

Net deferred tax assets	$	-		$	-

*	~~Potential for future earnings and appreciation of value of securities;~~
*	~~Perception of how any particular business opportunity will be received by the investment community and by our stockholders;~~
*	~~Eligibility of a candidate, following the business combination, to qualify its securities for listing on a national exchange or on a national automated securities quotation system, such as NASDAQ.~~
*	~~Historical results of operations;~~
*	~~Liquidity and availability of capital resources;~~
*	~~Competitive position as compared to other companies of similar size and experience within the industry segment as well as within the industry as a whole;~~
*	~~Strength and diversity of existing management or management prospects that are scheduled for recruitment;~~
*	~~Amount of debt and contingent liabilities; and~~
*	~~The products and/or services and marketing concepts of the target company.~~

Exhibit ~~No.~~ Number	Exhibit Description
31.1
~~3.1~~	~~Articles of Incorporation~~Certification of the ~~Company,~~Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as ~~amended (1)~~
~~3.2~~	~~By-laws of the Company (2)~~
~~3.3~~	~~Certificate of Designation for Series A Convertible Preferred Stock filed with the State of Nevada on March 26, 2008 (3)~~
~~31.1~~	~~Certification of Principal Executive Officer~~adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*	2002
31.2	Certification of ~~Principal~~the Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*	2002
32.1	Certification of the ~~Principal~~Chief Executive Officer pursuant to 18 U.S.C. ~~Section~~ 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**	2002
32.2	Certification of the ~~Principal~~Chief Financial Officer pursuant to 18 U.S.C. ~~Section~~ 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.** 2002

101.INS*	XBRL Instance Document	Filed herewith.
~~101.INS~~ 101.SCH*	XBRL Instance Document*
~~101.SCH~~	XBRL Taxonomy Extension Schema Document* Document	Filed herewith.
~~101.CAL~~ 101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document* Document	Filed herewith.
~~101.DEF~~ 101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document* Document
~~101.LAB~~	XBRL Taxonomy Label Linkbase Document*
~~101.PRE~~	XBRL Taxonomy Presentation Linkbase Document*	Filed herewith.

	Uonlive Corporation.
	~~UONLIVE CORPORATION~~
Date: May 13, 2021	By:	/s/ Raymond Fu
~~Date: August 11, 2015~~	~~By:~~	~~/s/ Tsun Sin Man Samuel~~ Raymond Fu
		~~Tsun Sin Man Samuel~~
		Chief Executive Officer ~~and Chairman~~(Principal Executive Officer)

Date: May 13, 2021	By:	/s/ Raymond Fu
		~~(Principal Executive Officer)~~ Raymond Fu

~~Date: August 11, 2015~~	~~By:~~	~~/s/ Hui Chi Kit~~
		~~Hui Chi Kit~~
		Chief Financial Officer
(Principal Financial and Principal Accounting Officer)		~~(Principal Financial Officer)~~