UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

U.S.QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549ACT OF 1934

FORM 10-Q


Mark One

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


For the quarterly period ended ended: September 30, 20172021


TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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


For the transition period from __________________ to ____________________


COMMISSION FILE NO. Commission File Number: 333-209478


WEWIN GROUP CORP.NEXT-ChemX Corporation

(Formerly Makh Group Corp.)Exact Name of Registrant as Specified in Its Charter)

 (Exact name of registrant as specified in its charter)

Nevada32-0446353

Nevada

(State or Other Jurisdiction other jurisdiction
of Incorporationincorporation or Organization)

organization)

32-0446353

IRS

(I.R.S. Employer
Identification Number

8748

Primary Standard Industrial Classification Code Number

No.)


Zheng Road (5# Plant)1111 W 12th St, # 113

Shushan Industrial ParkAustin, Texas78703

Hefei, China 230031

Tel.  +189-5653-9083

(Address and telephone number of principal executive offices)offices, Zip Code)



(512)663-2690


(Registrant’s telephone number, including area code)

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

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
N/AN/AN/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 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 [   ]

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 [ X ] No [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated or afiler, smaller reporting company, or an emerging growth company. See the definitiondefinitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer [    ]

Accelerated filer [    ]

Non-accelerated filer [    ]

Non-accelerated filer

(Do not check if a smaller reporting company)

Smaller reporting company [X]

Emerging growth company [   ]

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.

Yes [   ]   No [ X]

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

Yes [   ]   No [ X]

Indicate theThe number of shares outstanding of each of the issuer'sissuer’s classes of common stock, as of the latest practicable date:  As of October 25, 2017, 8,620,000 shares of the Registrant’s voting and non-voting common stock were outstanding.November 22, 2021 is as follows:




2 | Page






Class of SecuritiesShares Outstanding

Common Stock, $0.001 par value

27,385,437

NEXT-ChemX Corporation

Quarterly Report on Form 10-Q

For the Quarter Ended September 30, 2021

TABLE OF CONTENTS 

PART I – FINANCIAL INFORMATION

WEWIN GROUP CORP.

PART I   

Item 1.

FINANCIAL INFORMATION

Financial Statements

F-2

ITEM 1

Item 2.

FINANCIAL STATEMENTS (UNAUDITED)

Management’s Discussion and Analysis of Financial Condition and Results of Operations

3

ITEM 2   

Item 3.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Quantitative and Qualitative Disclosures About Market Risk

8

5

ITEM 3  

Item 4.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Controls and Procedures

11

5

ITEM 4

CONTROLS AND PROCEDURES

11


PART II


OTHER INFORMATION

ITEM 1   

LEGAL PROCEEDINGS

11

ITEM 2 

Item 1.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSLegal Proceedings

11

6

ITEM 3   

Item 1A.

DEFAULTS UPON SENIOR SECURITIES

Risk Factors

11

6

ITEM 4      

Item 2.

MINE SAFETY DISCLOSURES

Unregistered Sale of Equity Securities and Use of Proceeds

11

6

ITEM 5  

Item 3.

OTHER INFORMATION

Defaults Upon Senior Securities

11

6

ITEM 6

Item 4.

EXHIBITS

Mine Safety Disclosures

12

6

Item 5.

SIGNATURES

Other Information

12

6
Item 6.Exhibits6
Signatures7


2



NEXT-CHEMX CORPORATION

3 | PageINTERIM FINANCIAL STATEMENTS


(UNAUDITED)


Table of Contents

Page
Condensed balance sheets at September 30, 2021 and December 31, 2020F-2
Condensed Statements of Operations and Comprehensive Income (Loss) for the three and nine months ended September 30, 2021 and 2020F-3
Condensed Statements of Changes in Stockholders’ Equity (Deficit) for the nine months ended September 30, 2021 and 2020F-4
Condensed Statements of Cash Flows for the nine months ended September 30, 2021 and 2020F-5
Notes to Unaudited Condensed Financial StatementsF-6

F-1

PART I. I

FINANCIAL INFORMATION



WEWIN GROUP CORP.

CONDENSED BALANCE SHEETS

(UNAUDITED)

 


SEPTEMBER 30,

2017

DECEMBER 31, 2016

ASSETS

 

 

Current Assets

 

 

 

Cash

$

4,552 

$

207 

 

Prepaid expenses

1,670 

6,667 

 

Total current assets

6,222 

6,874 

 

 

 

Total Assets                                                         

$

6,222 

$

6,874 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current  Liabilities

 

 Loan from former director

$

39,725 

$

9,625 

 

Accrued Expenses

14,585 

3,895 


 

 

Total Liabilities

54,310 

13,520 

 

 

Stockholders’ Equity (Deficit)

  

Common stock, $0.001 par value, 75,000,000 shares authorized;

 

 

8,620,000 shares issued and outstanding as of September 30, 2017

8,620 

8,620 

 

Additional paid-in-capital

23,580 

23,580 

 

Accumulated deficit

(80,288)

(38,846)

Total Stockholders’ Equity (Deficit)

(48,088)

(6,646)

 

 

 

Total Liabilities and Stockholders’ Equity (Deficit)

$

6,222 

$

6,874 


ITEM 1. FINANCIAL STATEMENTS.



NEXT-ChemX Corporation


Condensed Balance Sheets


(Unaudited)


  September 30,  December 31, 
  2021  2020 
ASSETS        
Current Assets:        
Cash $1,140  $44,619 
Prepaid expense and other current assets  61,600   2,142 
Total Current Assets  62,740   46,761 
         
Property and equipment, net  22,743   - 
Intangible asset, net  3,150,114   - 
Total Assets $3,235,597  $46,761 
         
LIABILITIES AND STOCKHOLDERS’ DEFICIT        
Current Liabilities:        
Accounts payable and accrued liabilities $169,077  $47,244 
Other payable  -   94,030 
Convertible loans, net of unamortized discounts  462,500   - 
Note payable - related party  20,500     
Due to related party  -   59,895 
Total Current Liabilities  652,077   201,169 
         
Total Liabilities  652,077   201,169 
         
Stockholders’ Equity (Deficit):        
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding  -   - 
Common stock, $0.001 par value, 100,000,000 shares authorized, 27,385,437 and 8,958,989 shares issued and outstanding, respectively  27,385   8,959 
Additional paid-in capital  3,633,457   1,196 
Accumulated deficit  (1,077,322)  (164,563)
Total Stockholders’ Equity (Deficit)  2,583,520   (154,408)
Total Liabilities and Stockholders’ Equity (Deficit) $3,235,597  $46,761 




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






4 | Page





WEWIN GROUP CORP.

CONDENSED STATEMENT OF OPERATIONS

(UNAUDITED)

F-2


 






Three months

ended

September 30, 2017

Three months

ended

September 30, 2016






Nine months

ended

September 30, 2017

Nine months

ended

September 30, 2016

 

 

 

 

 

Revenues

$

$

$

$

1,500 


Operating expenses

 

 

 

 

 General and administrative expenses

16,999 

16,564 

41,442 

32,460 

Net loss from operations

(16,999)

(16,564)

(41,442)

(30,960)

 

 

 

 

 

Loss before taxes

(16,999)

(16,564)

(41,442)

(30,960)

 

 

 

 

 

Provision for taxes

 

 

 

 

 

Net loss

$

(16,999)

$

(16,564)

$

(41,442)

$

(30,960)

 

 

 

 

 

Loss per common share:

 Basic and Diluted

$           (0.00)*

$           (0.00)*

$           (0.00)*

$           (0.00)*

 

 

 

 

 

Weighted Average Number of Common Shares  Outstanding:

Basic and Diluted

8,620,000 

8,620,000 

8,620,000 

8,210,819 





NEXT-ChemX Corporation


Condensed Statements of Operations and Comprehensive Income (Loss)


(Unaudited)


                 
  Three Months Ended  Nine Months Ended 
  September 30,  September 30, 
  2021  2020  2021  2020 
             
Revenues $-  $-  $-  $- 
                 
Operating expenses                
General and administrative  440,977   10,244   917,457   42,788 
Total operating expenses  440,977   10,244   917,457   42,788 
                 
Income (loss) from operations  (440,977)  (10,244)  (917,457)  (42,788)
                 
Other income (expense)                
Interest expense  (8,473)  -   (11,257)  - 
Gain on settlement of debt  15,955   -   15,955   - 
Net other expense  7,482   -   4,698   - 
                 
Loss before provision for income taxes  (433,495)  (10,244)  (912,759)  (42,788)
                 
Gain from discontinued operations, net of income tax  -   176,168   -   463,339 
                 
Net income (loss) $(433,495) $165,924  $(912,759) $420,551 
                 
Less: net income (loss) attributable to non-controlling interest  -   86,323   -   227,036 
Net income (loss) attributable to NEXT-ChemX Corporation $(433,495) $79,601  $(912,759) $193,515 
                 
Other comprehensive income (loss)                
Foreign currency translation gain (loss)  -   12,565   -   8,245 
Total comprehensive income (loss) $(433,495) $178,489  $(912,759) $428,796 
                 
Net gain (loss) per common share: Basic and diluted $(0.02) $0.02  $(0.05) $0.05 
Net loss from continuing operations per common share: Basic and diluted $(0.02) $(0.00) $(0.05) $(0.00)
Net gain from discontinued operations per common share: Basic and diluted $-  $0.02  $-  $0.05 
                 
Weighted average number of common shares outstanding: Basic and diluted  27,385,437   8,958,989   19,555,884   8,957,498 

* Denotes a loss of less than $(0.01) per share




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



5 | Page



WEWIN GROUP CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

Nine months

Ended

 September 30, 2017

Nine months

 ended

September 30, 2016

 

Operating Activities

 

 

 

 

Net loss

$

(41,442)

$

(30,960)

 

 

Prepaid expenses

4,997 

(9,167)

 

 

Accrued expenses

10,690 

 

 

Net cash used in operating activities

(25,755)

(40,127)

 

 

 

 

 

 

Investing Activities

 

           Net cash provided by (used in) investing activities

 


Financing Activities

 

 

 

 

Loans from director

30,100 

7,900 

 

 

Proceeds from sale of common stock

26,200 

 

 

Net cash provided by financing activities

30,100 

34,100 

 


Net increase in cash and equivalents

4,345 

(6,027)

 

 

 

 

 

Cash and equivalents at beginning of the period

207 

6,076 

 

 

 

 

 

Cash and equivalents at end of the period

$

4,552 

$

49 

 

 

Supplemental cash flow information:

 

 

 

 

Cash paid for:

 

 

 

 

Interest                                                                                               

$

$

 

 

Taxes                                                                                           

$

$



F-3




NEXT-ChemX Corporation


Condensed Statement of Changes in Stockholders’ Equity (Deficit)

(Unaudited)

For the Nine Months Ended September 30, 2021

                                1 
     Additional   Shares      Accumulated Other        
  Common stock  paid-in   to be  Accumulated   Comprehensive   Noncontrolling     
  Shares  Amount  capital��  issued  Deficit   Income   Interest   Total 
                                        
Balance, December 31, 2020  8,958,989  $8,959  $1,196   -  $(164,563) -  -  $(154,408)
                                  
Common stock issued for purchase of intangible asset             -       -   -      
Common stock issued for purchase of intangible asset, Shares                                 
Cancellation of shares                                
Cancellation of shares, Shares                                 
Related party debt forgiveness                                
Issue common stock for cash                                
Foreign currency translation adjustment                                
Non-controlling interest                                
Shares to be Issued                                
Shares to be issued, Shares                                 
Net loss  -   -   -       (16,650)           (16,650)
Balance, March 31, 2021  8,958,989   8,959   1,196   -   (181,213)  -   -    (171,058)
                                  
Common stock issued for purchase of intangible asset  23,844,448   23,844   3,476,283   -   -   -   -    3,500,127 
Cancellation of shares  (5,418,000)  (5,418)  5,418       -            - 
Related party debt forgiveness  -   -   150,560       -            150,560 
Net loss  -   -   -       (462,614)           (462,614)
Balance, June 30, 2021  27,385,437  $27,385  $3,633,457   -  $(643,827)  -   -   $3,017,015 
                                  
Common stock issued for purchase of intangible asset  -           -       -   -      
Debt forgiveness  -   -   -       -            - 
Related party debt forgiveness  -   -   -       -            - 
Net loss  -   -   -       (433,495)           (433,495)
Balance, September 30, 2021  27,385,437  $27,385  $3,633,457   -  $(1,077,322)  -   -   $2,583,520 

F-4

For the Nine Months Ended September 30, 2020

                                 
     Additional  Shares     Accumulated Other       
  Common stock  paid-in  to be  Accumulated  Comprehensive  Noncontrolling    
  Shares  Amount  capital  issued  Deficit  Income  Interest  Total 
                         
Balance, December 31, 2019  8,956,191  $8,956  $177,654  $-  $(282,575) $(2,609) $(53,240) $(151,814)
                                 
Issue common stock for cash  -   -   -   3,078   -   -   -   3,078 
Foreign currency translation adjustment  -   -   -   -   -   (7,895)  -   (7,895)
Non-controlling interest  -   -   -   -   3,655   (1,013)  (2,642)  - 
Net loss  -   -   -   -   (22,669)  -   -   (22,669)
Balance, March 31, 2020  8,956,191   8,956   177,654   3,078   (301,589)  (11,517)  (55,882)  (179,300)
                                 
Shares to be issued  2,798   3   3,075   (3,078)  -   -   -   - 
Foreign currency translation adjustment  -   -   -   -   -   3,575   -   3,575 
Non-controlling interest  -   -   -   -   (144,368)  140   144,228   - 
Net loss  -   -   -   -   277,296   -   -   277,296 
Balance, June 30, 2020  8,958,989  $8,959  $180,729  $-  $(168,661) $(7,802) $88,346  $101,571 
                                 
Foreign currency translation adjustment  -   -   -   -   -   12,565   -   12,565 
Non-controlling interest  -   -   -   -   (86,323)  2,365   83,958   - 
Net loss  -   -   -   -   165,924   -   -   165,924 
Balance, September 30, 2020  8,958,989  $8,959  $180,729  $-  $(89,060) $7,128  $172,304  $280,060 

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



F-5




NEXT-ChemX Corporation

6 | PageCondensed Statements of Cash Flows


(Unaudited)


         
  Nine Months Ended 
  September 30, 
  2021  2020 
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss $(912,759) $420,551 
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization  351,320   - 
Change of ROU asset and lease liabilities  -   (39,064)
Gain on settlement of debt  (15,955)  - 
Changes in operating assets and liabilities:        
Prepaid expenses  (59,458)  5,313 
Other receivable  -   (2,136)
Accounts payable and accrued liabilities  134,423   1,529 
Other payable  -   (11,679)
Customer deposit  -   (507,114)
Net Cash Used in Operating Activities  (502,429)  (132,600)
         
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of property and equipment  (24,050)  - 
Net cash used in Investing Activities  (24,050)  - 
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from convertible notes payable, net of original issue discounts  462,500   - 
Proceeds from notes payable - related party, net of original issue discounts  20,500   - 
Repayment of loan to related party  -   (7,044)
Net cash provided by Financing Activities  483,000   (7,044)
         
Effect of exchange rate fluctuation on cash and cash equivalents  -   4,680 
         
Net change in cash for period  (43,479)  (134,964)
Cash at beginning of period  44,619   418,229 
Cash at end of period $1,140  $283,265 
         
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for income taxes $-  $- 
Cash paid for interest $-  $- 
         
NON CASH INVESTING AND FINANCING ACTIVITIES        
Common stock issued for purchase of intangible asset $3,500,127  $- 
Cancellation of shares $5,418  $- 
Beneficial conversion feature $-  $- 
Related party debt forgiveness $150,560  $- 
Common stock issued for proceeds received in prior period $-  $3,078 

WEWIN GROUP CORP.The accompanying notes are an integral part of these unaudited condensed financial statements.

CONDENSED

F-6

NEXT-ChemX Corporation

NOTES TO THE

UNAUDITED CONDENSED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBERSeptember 30, 2017 AND 20162021

(UNAUDITED)


NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business


WEWIN GROUP CORP. (formerly MakhNEXT-ChemX Corporation, formerly known as AllyMe Group Corp., the “Company”Inc. (“Company”, “we” or “us”) was incorporated under the laws of the State of Nevada on August 13, 2014 (“Inception”) and has adopted a December 31 fiscal year end. The Company’s Board of Directors approved the new name on June 16, 2021 and was granted approval by FINRA on July 22, 2021 and was granted a new trading symbol on July 30,2021. The Company intendsacquired a Novel Membrane-Based Ion Extraction Technology (“Membrane Technology”) along with its patents and patent applications, as well as the employment of its inventing scientist, and is developing pilot plant systems to provide business-consulting servicesdemonstrate its performance to potential clients in China.order to market commercial systems for its applications.


Applications include:

Lithium Extraction from Natural Brines, Geothermal Wells, or Leach Solutions.
Extracting Fatty Acids from Vegetable Oils for More Economical Refining.
Extracting of Radioactive Ions from Nuclear Plant Stored Water.
Extracting of Metal Ions from Mine Leach Solutions, Effluent, or Tailings.
Desalination of Sea Water, by Extracting Ions for Water Purification

Pursuant to a stock purchase agreement, on April 27, 2021, Zilin Wang, the previous majority shareholder of the Company, sold 8,618,000 shares of Common Stock of the Company, to Arastou Mahjoory and Kenneth Mollicone, each an accredited investor, in equal parts. Following transfer of such shares to Messrs. Mahjoory and Mollicone, each has agreed to cancel an aggregate of 5,418,000 shares of common stock of the company.

Also on April 27, 2021, the previous sole officer and director of the company, Zicheng Wang, resigned his positions with the Company. Upon such resignation Benton Wilcoxon was appointed as Chief Executive Officer, and Chairman of the Board, and J. Michael Johnson was appointed President, Treasurer and Secretary, and Director of the Company.

Effective April 27, 2021 (the “Closing Date”), the Company, entered into that certain Asset Purchase Agreement (the “Asset Purchase Agreement”) with NEXT-ChemX Corporation, a private Texas company (“NEXT-ChemX”), in which the Company acquired certain intellectual property assets of NEXT-ChemX, specifically certain patents and patent applications, in exchange for the issuance of an aggregate of 23,844,448 shares of common stock of the Company (the “APA Issuance”).

Messrs. Mahjoory and Mollicone also entered into stock purchase Agreements with selling shareholders to acquire an additional 322,989 shares of common stock from several minority shareholders of the Company.

As of June 30, 2021, an aggregate of 27,385,437 shares are outstanding after the cancellation of 5,418,000 shares by Messrs. Mahjoory and Mollicone from the previous 32,803,437 shares of common stock that were outstanding. This reflects the APA Issuance, which results in NEXT-ChemX holding approximately 87.07% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also after giving effect to the acquisition and cancellation of shares by Messrs. Mahjoory and Mollicone will each hold 6.44% of the issued and outstanding shares of Common Stock in the Company.

On July 23, 2021, AllyMe Group, Inc. (the “Company”) filed Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada effecting a name change of the Company to NEXT-ChemX Corporation (the “Corporate Action”). The Corporate Action and the Amended Articles became effective on July 28, 2021, following compliance with notification requirements of the Financial Industry Regulatory Authority.

F-7

NOTE 2 – GOING CONCERN


The Company has incurred a losslosses since Inceptioninception (August 13, 2014) resulting in an accumulated deficit of $80,288$1,077,322 as of September 30, 2017,2021, and further losses are anticipated in the development of its business. The Company had a net loss of $912,759 and net cash used in operating activities of $502,429 for the period ended September 30, 2021. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of the Company’s development efforts and its efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future. The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.


The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the private placement of common stock. However, there can be no assurances that management'smanagement’s plans will be successful.


NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Statements

The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission with respect to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring adjustments) whichthat are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited interim financial statements should be read in conjunction with the audited financial statements of the Company for the year ended December 31, 2016.2020.


Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company’s year -end is December 31.



Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and



7 | Page



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 reporting period. Actual results could differ from those estimates.

Recent

Intangible asset

The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed on a straight-line basis over the estimated periods benefited. Patents, technology and other intangibles with contractual terms are generally amortized over their respective legal or contractual lives. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.

Reclassifications

Certain prior year amounts have been reclassified to conform with the current year presentation.

Recently Adopted Accounting Guidance

F-8

In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has adopted this standard on January 1, 2021.


The Company has considered all other recently issued
accounting pronouncements
and does not believe the adoption of such pronouncements will have a material impact on its financial statements.

The Company continually assesses any new accounting pronouncements

NOTE 4 – PREPAID EXPENSE AND OTHER CURRENT ASSETS

Prepaid expense and other current assets amounted to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company’s financial reporting,$61,000 and $2,142 as of September 30, 2021 and December 31, 2020, respectively. Prepaid expenses in 2021 and 2020 are mainly prepaid service fees.

NOTE 5 – INTANGIBLE ASSET

On April 27, 2021, the Company undertakesentered into that Asset Purchase Agreement with NEXT-ChemX Corporation, a study to determineprivate Texas company (“NEXT-ChemX”), in which the consequenceCompany acquired certain intellectual property assets of NEXT-ChemX, specifically certain patents and patent applications, in exchange for the issuance of an aggregate of 23,844,448 shares of common stock of the change to its financial statements and assures that there are proper controls in place to ascertain thatCompany, valued at $3,500,127.

During the Company’s financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.



Earnings per Share

For the threenine months periods ended September 30, 2017 and 2016 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as2021, the Company incurred losses in these years.recorded amortization of $350,013.



NOTE 6 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 4 – INCOME TAXES


Deferred income tax assets and liabilities are computed annually for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.

As of September 30, 20172021 and December 31, 2020, accounts payable and accrued liabilities consisted of as follows,

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

  September 30,  December 31, 
  2021  2020 
Accounts payable $157,845  $47,244 
Accrued interest  10,909   - 
Accrued interest - related party  323   - 
Accounts payable and accrued liabilities $     169,077  $47,244 

NOTE 7 – CONVERTIBLE NOTES

During the nine months ended September 30, 2021, the Company had net operating loss carry forwardsissued convertible notes totaling of $80,288 that may be available to reduce future years’ taxable income through 2036. However,$477,500 with a conversion price of $0.75 per share. The convertible notes are unsecured, bears interest at 8% per annum, has a one-year maturity.

During the Company’s ability to use the net operating loss carryovers may be substantially limited or eliminated pursuant to Internal Revenue Code Section 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly,nine months ended September 30, 2021, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.recognized interest expense of $11,232.

The Company adopted the provisions of ASC 740-10-50, formerly FIN 48, and “Accounting for Uncertainty in Income Taxes”. The Company had no material unrecognized income tax assets or liabilities as of September 30, 2017.

NOTE 8 – RELATED PARTY TRANSACTIONS




NOTE 5 –RELATED PARTY ACTIVITY


In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attainsattain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.


F-9

During the nine months ended September 30, 2021, a former related party paid operating expenses of $109,520 on behalf of the Company and forgave $150,560.

During the nine months ended September 30, 2021, a related party company was paid operating expenses of $189,952.

As of September 30, 2017,2021 and December 31, 2020, the amountamounts outstanding was $39,725.were $0 and $59,895. The loan isadvances were non-interest bearing, due upon demand and unsecured.unsecured from the CEO and also the shareholder of the company.


Note payable

During the nine months ended September 30, 2021, the Company issued note payable of $20,500. The Company’s sole shareholdernotes payable is unsecured, bears interest at 8% per annum, and director donated office space freematurity date is November 1, 2021. During the nine months ended September 30, 2021, the Company recognized interest expense of charge$323.

NOTE 9 - STOCKHOLDERS’ EQUITY (DEFICIT)

The Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.001 and will devote approximately 20 hours5,000,000 shares of preferred stock with a week topar value of $0.001. There is no preferred stock issued and outstanding as of September 30, 2021.

During the nine months ended September 30, 2021, the Company issued 23,844,448 shares for a purchase of intangible assets.

During the nine months ended September 30, 2021, the Company cancelled 5,418,000 shares.

On September 14. 2021, NEXT-ChemX Corporation (the “Company”) obtained written consent by the holders of the majority of the voting power of the Company’s operations without payments. The revenue earned duringcapital stock approving the three months ended were a resultadoption of the director’s donated consulting hours to an independent third party.




NOTE 6– SUBSEQUENT EVENTS



8 | Page




In accordance with ASC 855-10,Company’s 2021 Stock Incentive Plan (the “Plan”). The Plan allows the Board of Directors of the Company has analyzed its operations subsequent to grant incentive stock options, nonqualified stock options and restricted stock awards to officers, directors, employees and consultants of the Company. At the time of consent, there were 3,000,000 shares of common stock of the Company reserved for issuance under the Plan.

There are 27,385,437 and 8,958,989 shares of common stock outstanding as of September 30, 20172021 and December 31, 2020, respectively.

NOTE 10 – DISCONTINUED OPERATIONS

On September 30, 2020, the Company signed sales contracts with a related party and sold 1,040,000 shares of AllyMe for total cash consideration of $1,040. AllyMe US owns 51% of AllyMe who owns 100% of China Info. The transaction was completed on September 30 2020. Loss from disposal of Subsidiary was $179,533 and it was booked as additional paid in capital as the transaction was deemed between related parties. As a consequence of the sale, the operating results and the assets and liabilities of the discontinued AllyMe Business are presented separately in the Company’s financial statements. Summarized financial information for the discontinued AllyMe Business is shown below. Prior period balances have been reclassified to present the date these financial statements wereoperations of the AllyMe Business as discontinued operations.

F-10

Discontinued Operations Income Statement:

SCHEDULE OF DISCONTINUED OPERATIONS INCOME STATEMENT AND BALANCE SHEETS

                 
  Three Months Ended  Nine Months Ended 
  September 30,  September 30, 
  2021  2020  2021  2020 
             
Revenues $-  $290,152  $-  $636,211 
Cost of revenues      120,825   -   145,855 
Gross profit      169,327       490,356 
                 
Operating expenses                
General and administrative  -   (5,915)  -   47,437 
Total operating expenses  -   (5,915)  -   47,437 
                 
Income (loss) from operations  -   175,242   -   442,919 
                 
Other income (expense)                
Other income  -   448   -   21,797 
Interest income  -   566   -   845 
Interest expense  -   (88)  -   (2,222)
Net other income  -   926   -   20,420 
                 
Loss from discontinued operations $-  $176,168  $-  $463,339 

NOTE 11 – SUBSEQUENT EVENTS

The Company issued andconvertible notes payable totaling $130,500, with a conversion price of $0.75 per share. The convertible notes are unsecured, bears interest at 8% per annum, has determined that it does not have any material subsequent events to disclose in these financial statements.a one-year maturity.


F-11



ITEM 2. MANAGEMENT'SMANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONOPERATIONS.


FORWARD LOOKING STATEMENTSManagement’s Discussion and Analysis of Financial Condition and Results of Operations


Statements madeCaution Regarding Forward-Looking Information

This Quarterly Report on Form 10-Q, including, without limitation, statements containing the words “believes”, “anticipates”, “expects” and words of similar import, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, among others, the following: international, national and local general economic and market conditions: demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to successfully make and integrate acquisitions; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; and other factors referenced in this and previous filings.

Given these uncertainties, readers of this Form 10-Q thatand investors are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of 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 "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 readerscautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements which speak onlycontained herein to reflect future events or developments.

Overview

The Company was organized on August 13, 2014 as a Nevada corporation under Chapter 78 of the date made. Any forward-looking statements represent management's best judgmentNevada Revised Statutes. The Company’s registered address is 3773 Howard Hughes Pkwy STE 500S, Las Vegas, NV, 89169, USA, and its principal office is located at 1111 W 12th St, # 113, Austin, Texas 78703.

The Company qualifies as to what may occuran “emerging growth company” as defined in the future. However, forward-looking statements are subject to risks, uncertaintiesJumpstart Our Business Startups Act which became law in April 2012. The definition of an “emerging growth company” is a company with an initial public offering of common equity securities which occurred after December 8, 2011 and important factors beyond our control that could cause actual results and events to differ materially from historical resultshas less than $1 billion 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 aftertotal annual gross revenues during last completed fiscal year.

Overview of the date of such statement or to reflect the occurrence of anticipated or unanticipated events.


Business

GENERAL


Our company plansThe Company was originally formed as to provide consulting services. From 2018 through the first quarter of 2021, the company name was AllyMe Group, Inc. and provided consulting services in China principally focused on the development of new-high-tech products marketing and retail sales.

On April 27, 2021, the Company acquired intellectual property assets from NEXT-ChemX Corporation, a private Texas corporation (“NEXT-ChemX”) related to a novel membrane-based ion extraction process (“Membrane Technology”), which is able to extract ions exiting in low concentrations from liquid solutions. It can be used to extract lithium from brine solutions, to extract fatty acids from vegetable oils as a superior refining process, to extract radioactive ions from nuclear waste waters, to extract specific metal ions from mining leach solutions and waste effluent, and to remove ions from seawater for selectiondesalination, among other things.

3

Results of production plants and products in China. We plan to representOperations

The following table summarizes the interestsresults of our future clients and act as our client’s authorized representative throughoutoperations during the entire territory of China. Our principal office address is located at Zheng Road (5# Plant) Shushan Industrial Park

Hefei, China 230031.


Service


We offer the following set of services:


1) Search for production plants and business partners in China

2) Search for products and materials in China

3) Services of a business interpreter

4) Assistance with legal support for transactions in China. Search for legal counsels and auditors.

5) Development of logistic schemes of product delivery from China

6) Market analysis and marketing research in China

7) Arrangement of business tours and excursions of product plants in China (including virtual ones) and exhibitions.

8) Assistance with organization of contacts and business meetings between clients and Chinese commercial and industrial companies, plants and factories.

9) Consultations on registration and conducting business in China.


We plan to render our services in an integrated manner, and if desired, a client can select any one of the aforementioned services.


RESULTS OF OPERATION


As of September 30, 2017, we have accumulated a deficit of $80,288. We anticipate that we will continue to incur substantial losses in the next 12 months. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.


Three and Nine Months Periods Ended September 30, 2017 and 2016




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Revenue


During three months ended September 30, 20172021 and 2016,2020, respectively:

  Three Months Ended    
  September 30,    
  2021  2020  Change 
          
Revenues $-  $-  $- 
Operating expenses  440,977   10,244   430,733 
Other income  7,482   -   7,482 
Gain from discontinued operations  -   176,168   (176,168)
Net profit (loss)  (433,495)  165,924   (599,419)
Profit (Loss) per share of common stock  (0.02)  0.02   (0.04)

The increase in operating expenses is primarily due to amortization of intangible assets acquired in 2021, payroll and consulting expenses.

Gain from discontinued operations is derived from subsidiaries disposed in 2020.

Net loss for the Company has not generated any revenue. Duringthree months ended September 30, 2021 was mainly derived from operating expenses, whereas for the three months ended September 30, 2020 net income was mainly derived from gain from discontinued operations.

The following table summarizes the results of our operations during the nine months ended September 30, 2017,2021 and 2020, respectively:

  Nine Months Ended    
  September 30,    
  2021  2020  Change 
          
Revenues $-  $-  $- 
Operating expenses  917,457   42,788   874,669 
Other income  4,698   -   4,698 
Gain from discontinued operations  -   463,339   (463,339)
Net profit (loss)  (912,759)  420,551   (1,333,310)
Profit (Loss) per share of common stock  (0.05)  0.05   (0.10)

The increase in operating expenses is primarily due to amortization of intangible assets acquired in 2021, payroll and consulting expenses.

Gain from discontinued operations is derived from subsidiaries disposed in 2020.

Net loss for the Company has not generated any revenue. During nine months ended September 30, 2016, the Company has generated $1,500 in revenue.  The Company provided consulting services according to an agreement with PECGIN & SCERTIZ, LLC. dated March 1, 2016. The service included:

1) Searching for production plants and business partners in China.

2) Arrangement of business tours of product plants in China.

3) Development of logistic schemes of product delivery2021 was mainly derived from China

4) Market analysis and marketing research in China


Operating Expenses


During the three month period ended September 30, 2017, we incurred total general and administrativeoperating expenses of $16,999 compared to $16,564 during the three months period ended September 30, 2016.

During the nine month period ended September 30, 2017, we incurred total general and administrative expenses of $41,442 compared to $32,460 during the nine months period ended September 30, 2016. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.


Net Loss


Our net loss for the three months period ended September 30, 2017 was $16,999 compared to $16,564 during the three months period ended September 30, 2016 due to the factors discussed above.


Our net loss for the nine months period ended September 30, 20172020 was $41,442 compared to $30,960 duringmainly derived from gain from discontinued operations.

Liquidity and Capital Resources

As of September 30, 2021, we had total assets of $3,235,597, and an accumulated deficit of $1,077,322.

Our operating activities used $502,429 in cash for the threenine months period ended September 30, 2016 due to the factors discussed above.



LIQUIDITY AND CAPITAL RESOURCES


As at September 30, 2017,2021, while our current assets were $6,222 compared to $6,874 at December 31, 2016, consisting ofoperations used $132,600 cash and prepaid expenses.  The increase in cash was due to ongoing increase in cash intake and the increase in prepaid expenses to the Company in order to cover prepayment of an annual fee. As at September 30, 2017, our current liabilities were $54,310 compared to $ 13,520 as of December 31, 2016. The increase in liability is due to increase in advances from related parties to fund operations and increase in accrued expenses.


Stockholder’s deficit was $6,646 as of December 31, 2016 compared to stockholder’s deficit of $48,088 as of September 30, 2017.


Cash Flows from Operating Activities


We have not generated positive cash flows from operating activities. For the nine month periodmonths ended September 30, 2017, net cash flows used2020. We had no revenues in operating activities was $25,755, consisting of net loss of $41,442, prepaid expenses of $4,997 and a $10,690 increase in accrued expenses.


Cash Flows from Investing Activities


We neither used, nor provided cash flows from investing activities during the nine months period ended September 30, 2017.2021, or in the prior year same period.


Cash Flows from Financing Activities




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Cash flows provided by financing activities during the nine month period ended September 30, 2017 were $30,100 compared to $34,100 during the nine month period ended September 30, 2016, consisting of loans from our director and proceeds from sale of stock in 2016.


PLAN OF OPERATION AND FUNDING


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capitalcash requirements are expectedprimarily pilot plant equipment and operating expenses for the development of pilot plant systems and its demonstration to increase in line withpotential customers, as well as our payroll expense.

4

Management believes that the growth of our business.


Existing working capital, further advances and debt instruments, and anticipatedCompany’s cash flow are expected toon hand will not be adequatesufficient to fund our operations overall Company obligations and commitments for the next twelve months. We have no lines of credit or other bank financing arrangements. Generally,Historically, we have financed operationsdepended on loans from our principal shareholders and their affiliated companies to date through the proceeds of the private placement of equity and debt instruments. In connectionprovide us with our business plan, management anticipates additional increases in operating expenses andworking capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect weas required. There is no guarantee that such funding will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms,when required and there can be no assurance that our stockholders, or at all. If adequate funds are not availableany of them, will continue making loans or are not available on acceptable terms, we may not be ableadvances to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.us in the future.


OFF-BALANCE SHEET ARRANGEMENTSOff Balance Sheet Arrangements


As of the date of this Quarterly Report, weWe 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 or capital expenditures or capital resources that areis material to investors.an investor in our securities.


GOING CONCERNSeasonality


Our operating results are not affected by seasonality.

Inflation

Our business and operating results are not affected in any material way by inflation.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with GAAP. The independent auditors' report accompanyingpreparation of these financial statements requires management to make estimates, judgments, and assumptions that affect reported amounts of assets, liabilities, revenues and expenses. We continually evaluate the accounting policies and estimates used to prepare the financial statements. The estimates are based on historical experience and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates made by management. Certain accounting policies that require significant management estimates and are deemed critical to our December 31, 2016results of operations or financial position. Our critical accounting estimates are more fully discussed in Note 2 to our unaudited financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assetsherein.

Item 3 - Quantitative and satisfy our liabilities and commitments in the ordinary course of business.Qualitative Disclosures About Market Risk


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


As a "smaller“smaller reporting company"company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.


ITEM 4. CONTROLS AND PROCEDURES


Item 4 - Controls and Procedures

Disclosure Controls and Procedures


OurThe Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company’s reports that we file or submitfiled under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s president and chief executive officer (who is the Company’s principal executive officer) and the Company’s chief financial officer, treasurer, and secretary (who is the Company’s principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure. In designing and evaluating the Company’s disclosure controls and procedures, the Company’s management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and the Company’s management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. The ineffectiveness of the SecuritiesCompany’s disclosure controls and Exchange Commission.procedures was due to material weaknesses identified in the Company’s internal control over financial reporting, described below.

5

Management’s Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over the Company’s financial reporting. In order to evaluate the effectiveness of internal control over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act of 2002. Our management, with the participation of the Company’s principal executive officer and principal financial officer has conducted an assessment, including testing, using the criteria in Internal Control - Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) (2013). Our system of internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting officer have reviewedprinciples. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. This assessment included review of the documentation of controls, evaluation of the design effectiveness of our “disclosurecontrols, testing of the operating effectiveness of controls and procedures” (as defined ina conclusion on this evaluation.

Based on this evaluation, the Securities Exchange ActCompany’s management concluded its internal control over financial reporting were not effective as of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that the disclosure controls and procedures are effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner.September 30, 2021.


Changes in Internal Controls overControl Over Financial Reporting




11 | Page



There have beenwere no changes in the Company'sour internal control over financial reporting during the last quarterly period covered by this reportquarter ended September 30, 2021, that have materially affected, or are reasonably likely to materially affect the Company'sour internal control over financial reporting.


PART II. OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As We believe that a control system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the datecontrol system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within any company have been detected.

PART II

OTHER INFORMATION

Item 1 - Legal Proceedings

None

Item 1A – Risk Factors

Not applicable.

Item 2 - Sales of Unregistered Equity Securities and Use of Proceeds

None.

Item 3 - Defaults upon Senior Securities

None

Item 4 - Mine Safety Disclosures

Not applicable.

Item 5 - Other Information

None

ITEM 6.EXHIBITS.

The following exhibits are filed as part of this Quarterly Report, no director, officerreport or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.incorporated by reference:


Exhibit No.Description
31.1*Certifications Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*Certifications Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101*Inline XBRL Document Set for the condensed consolidated financial statements and accompanying notes in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q.
104*Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set.


* Filed herewith

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS** Furnished herewith


6

No equity securities were sold during the three months period ended September 30, 2017.


SIGNATURES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES


No senior securities were issued and outstanding during the three months period ended September 30, 2017.


ITEM 4. MINE SAFETY DISCLOSURES


Not applicable to our Company.


ITEM 5. OTHER INFORMATION


None.


ITEM 6. EXHIBITS


Exhibits:


31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

31.2 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002

101.INS  XBRL Instance Document

101.SCH XBRL Taxonomy Extension Schema Document

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF XBRL Taxonomy Extension Definition Document

101.LAB XBRL Taxonomy Extension Label Linkbase Document

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
















12 | Page




SIGNATURES


In accordance with the requirementsSection 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date: November 22, 2021NEXT-ChemX Corporation


WEWIN GROUP CORP.

By:
/s/ Benton Wilcoxon

Dated: November 17, 2017

By: /s/ Yonghua Kang

Benton Wilcoxon

Yonghua Kang, Director,

Chief Executive Officer and Chief Financial Officer

(Principal Executive Officer)










13 | Page



Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Yonghua Kang, certify that: 

1.

I have reviewed this Form 10-Q of WEWIN GROUP CORP.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods present in this report;

4.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and







b)

Any fraud, whether or not material, that involved management or other employees who have a significant role in the registrant’s internal control over financial reporting.


7


Date: November 17, 2017

By:

/s/ Yonghua Kang

Yonghua Kang

Director, Chief Executive Officer and Chief Financial Officer

WEWIN GROUP CORP.




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Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Yonghua Kang, certify that:

1.

I have reviewed this Form 10-Q of WEWIN GROUP CORP.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods present in this report;

4.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Date: November 17, 2017

By:

/s/ Yonghua Kang

Yonghua Kang

Chief Financial Officer and Chief Financial Officer

WEWIN GROUP CORP.

Exhibit 32.1

CERTIFICATION OF

PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

In connection with this Annual Report of WEWIN GROUP CORP. (the “Company”) on Form 10-Q for the Quarter ending September 30, 2017, as filed with the U.S. Securities and Exchange Commission on the date hereof (the “Report”), I, Yonghua Kang, Director and Chief Executive Officer (Principal Executive Officer) of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

1.

Such Quarterly Report on Form 10-Q for the quarter ending September 30, 2017, fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.

The information contained in such Quarterly Report on Form 10-Q for the quarter ending September 30, 2017, fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 17, 2017

By:

/s/ Yonghua Kang

Yonghua Kang

Director, Chief Executive Officer and Chief Financial Officer

WEWIN GROUP CORP.





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