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EX-32.2 - CERTIFICATION - RENAVOTIO, INC.segn_ex322.htm
EX-32.1 - CERTIFICATION - RENAVOTIO, INC.segn_ex321.htm
EX-31.2 - CERTIFICATION - RENAVOTIO, INC.segn_ex312.htm
EX-31.1 - CERTIFICATION - RENAVOTIO, INC.segn_ex311.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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 March 31, 2020

  

or

      

¨

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

 

 

 

For the transition period from____________ to____________

   

Commission File Number 333-188401

  

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

  

Nevada

 

99-0385424

(State or other jurisdiction

of incorporation or organization)

 

(IRS Employer

Identification No.)

 

 

 

601 South Boulder Ave., Suite 600

Tulsa, OK

 

74119

(Address of principal executive offices)

 

(Zip Code)

  

(260) 490-9990

(Registrant’s telephone number, including area code)

 

N/A

(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) 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 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 filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

  

Large Accelerated Filer

¨

Non-accelerated Filer

¨

Accelerated Filer

¨

Smaller reporting company

x

(Do not check if a smaller reporting company)

 

 

   

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

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

  

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.  ¨ Yes   ¨  No

 

APPLICABLE ONLY TO CORPORATE ISSUERS

 

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

 

75,135,000 common shares issued and outstanding as of March 31, 2020.

 

 

 

  

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.

 

TABLE OF CONTENTS

 

 

PART I - FINANCIAL INFORMATION.

 

 

 

 

 

 

 

 

Item 1.

Financial Statements.

 

3

 

 

 

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition or Plan of Operation.

 

12

 

 

 

 

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

 

18

 

 

 

 

 

 

Item 4.

Controls and Procedures.

 

18

 

 

 

 

 

 

PART II - OTHER INFORMATION.

 

 

 

 

 

 

 

 

Item 1.

Legal Proceedings.

 

20

 

 

 

 

 

 

Item 1A.

Risk Factors.

 

20

 

 

 

 

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

 

20

 

 

 

 

 

 

Item 3.

Defaults Upon Senior Securities.

 

20

 

 

 

 

 

 

Item 4.

Mine Safety Disclosures.

 

20

 

 

 

 

 

 

Item 5.

Other Information.

 

20

 

 

 

 

 

 

Item 6.

Exhibits.

 

21

 

 

 

 

 

 

SIGNATURES.

 

22

 

 

 
2

 

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

The unaudited financial statements of our company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars.

 

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL, INC.

BALANCE SHEETS

  

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Unaudited)

 

 

 

 

Assets

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash

 

$ 20,541

 

 

$ 26,962

 

Accounts receivable, net

 

$ 17,137

 

 

$ 17,860

 

Prepayment

 

$ -

 

 

$ 1,436

 

Advance to Director

 

$ -

 

 

$ -

 

Total Current Assets

 

 

37,678

 

 

 

46,258

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$ 37,678

 

 

$ 46,258

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity (Deficit)

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

 

Accounts Payable

 

$ 38,053

 

 

$ 38,574

 

Accrued expenses

 

$ 329,843

 

 

 

271,086

 

Other payables

 

 

6,730

 

 

 

6,699

 

Notes Payable – related party

 

 

79,468

 

 

 

79,468

 

Loan – related party

 

 

197,280

 

 

 

170,475

 

Total Current Liabilities

 

 

842,703

 

 

 

752,900

 

 

 

 

 

 

 

 

 

 

Total Liabilities

 

 

842,703

 

 

 

752,900

 

 

 

 

 

 

 

 

 

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ Equity (Deficit)

 

 

 

 

 

 

 

 

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

 

 

75,135

 

 

 

75,135

 

Common stock subscribed

 

 

 

 

 

 

-

 

Additional paid in capital

 

 

223,705

 

 

 

223,705

 

Accumulated deficit

 

 

(1,107,372 )

 

 

(1,008,098 )

Total stockholders’ equity (deficit)

 

 

(805,025 )

 

 

(706,642 )

Total liabilities and stockholders’ equity (deficit)

 

$ 37,678

 

 

$ 46,258

 

 

See Notes to Financial Statements

 

 
3

Table of Contents

 

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL, INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

    

 

 

For the Three Months Ended

 

 

 

March 31

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Revenue

 

$ -

 

 

$ 111,807

 

Cost of Revenues

 

 

-

 

 

 

16,000

 

Gross Profit

 

 

-

 

 

 

95,807

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

General and administrative

 

 

99,274

 

 

 

190,145

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Operation before Taxes

 

 

(99,274 )

 

 

95,375

 

 

 

 

 

 

 

 

 

 

Provision for Income Taxes

 

 

-

 

 

 

1,037

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$ (99,274 )

 

$ (95,375 )

 

 

 

 

 

 

 

 

 

Earnings (Loss) per Common Share-Basic and Diluted

 

$ (0.00 )

 

$ (0.00 )

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding Basic and diluted

 

 

75,135,000

 

 

 

75,000,000

 

  

See Notes to Financial Statements

 

 
4

Table of Contents

 

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL, INC.

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2020 and MARCH 31, 2019

(UNAUDITED)

 

 

 

Common Stock

 

 

Additional

Paid-In

 

 

Accumulated

 

 

Accumulated

Other Comprehensive

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

 

Total

 

Balance, December 31, 2018

 

 

75,000,000

 

 

$ 75,000

 

 

$ 26,340

 

 

$ 442,240

 

$ (1,459.00 )

 

$ 542,121

 

Capital contribution

 

 

-

 

 

 

-

 

 

$ 9,716

 

 

 

-

 

 

 

-

 

 

 

9,716

 

Net loss for the three months ended March 31, 2019

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(95,375 )

 

 

-

 

 

 

(95,375 )

Foreign currency tranlation adjustment

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

966

 

 

 

966

 

Balance, March 31, 2019

 

 

75,000,000

 

 

$ 75,000

 

 

$ 36,056

 

 

$ 346,865

 

 

$ (493 )

 

$ 457,428

 

Balance, December 31, 2019

 

 

75,135,000

 

 

 

75,135

 

 

 

223,705

 

 

 

(1,008,098 )

 

 

2,616

 

 

 

(706,642 )

Net Loss for the three months ended March 31, 2020

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(99,274 )

 

 

-

 

 

 

(99,274 )

Foreign Currency Translation Adjustment

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

891

 

 

 

891

 

Balance, March 31, 2020

 

 

75,135,000

 

 

$ 75,135

 

 

$ 223,705

 

 

 

(1,107,372 )

 

3,507

 

 

 

(805,025 )

  

 
5

Table of Contents

     

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL, INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

  

 

 

For the Three Months Ended

 

 

 

March 31

 

 

 

2020

 

 

2019

 

Operating Activities

 

 

 

 

 

 

Net income (loss) of the period

 

$ (99,274 )

 

$ (95,375 )

Accounts receivable (increase) decrease

 

 

-

 

 

 

979,952

 

Prepayment (increase) decrease

 

 

1,436

 

 

 

(12,450 )

Advance to director (increase) decrease

 

 

-

 

 

 

(311,236 )

Accounts payable increase (decrease)

 

 

(521 )

 

 

(872,584 )

Accrued expenses increase (decrease)

 

 

58,757

 

 

 

(53,675 )

Other payables increase (decrease)

 

 

31

 

 

 

909

 

Net cash used in operating activities

 

 

(33,226 )

 

 

(413,877 )

 

 

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

 

Loans from related parties

 

 

26,805

 

 

 

-

 

Net cash provided by financing activities

 

 

26,805

 

 

 

3,245

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash and equivalents

 

 

(6,421 )

 

 

(410,632 )

 

 

 

 

 

 

 

 

 

Cash and equivalents at beginning of the period

 

 

26,962

 

 

 

520,772

 

Cash and equivalents at end of the period

 

$ 20,541

 

 

$ 110,140

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

 

 

Interest paid

 

$ -

 

 

$ -

 

Income taxes paid

 

$ -

 

 

$ -

 

    

See Notes to Financial Statements

 

 
6

Table of Contents

 

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

 

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

 

Success Entertainment Group International, Inc. (“the Company”, “we”, “us”, or “our”) was incorporated in the State of Nevada on January 30, 2013 under the name Altimo Group Corp and its initial business plan was to place and operate frozen yogurt making machines.

 

Effective July 14, 2014, there was a change in control of the Company.

 

In accordance with the terms and provisions of a stock purchase agreement dated May 5, 2014 (the “Stock Purchase Agreement”) by and among Marek Tomaszewski, the seller of an aggregate of 8,000,000 shares of common stock of the Company (the “Control Block Seller”), and Success Holding Group Corp. USA, a Nevada corporation (the “Control Block Purchaser”), the Control Block Purchaser purchased from the Control Block Shareholders all of the 8,000,000 shares of common stock held of record.

 

In accordance with the terms and provisions of the Stock Purchase Agreement, the Company accepted the resignations of its sole officer and director, Marek Tomaszewski as President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer effective July 14, 2014. Simultaneously, the Board of Directors appointed the following individuals: (i) Steve Chen as a member of the Board of Directors and the Chief Executive Officer; and (ii) Brian Kistler as a member of the Board of Directors and the President, Secretary, Treasurer and Chief

Financial Officer.

 

Effective July 14, 2014, our Board of Directors and majority shareholders approved an amendment to our articles of incorporation to change our name to “Success Entertainment Group International Inc.” (the “Name Change Amendment”). The Name Change Amendment was approved by our Board of Directors to better reflect the new nature of our business operations. The Name Change Amendment was filed with the Secretary of State of Nevada on August 22, 2014 changing our name to “Success Entertainment Group International Inc.”

 

Effective on July 15, 2014, the Board of Directors of Altimo Group Corp authorized and approved the execution of that certain general release and waiver of debt agreement (the “Release Agreement”) with Marek Tomaszekwsi, the Company’s prior President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer (the “Creditor”), pursuant to which the Creditor agreed to waive and release the debt due and owing to it in the aggregate amount of $5,100 (the “Released Debt”). In accordance with the terms and provisions of the Release Agreement, the Creditor agreed to release, acquit, covenant not to sue and specifically release and waive any claims or rights it may have under common law and statutory law relating to the Released Debt.

 

Effective July 15, 2014, pursuant to the change in ownership described above, the focus and direction of the Company will now be the production and development of internet movies and training films.

 

On December 1, 2014 the Board of Directors of the Company authorized an amendment to its Bylaws to change the Company’s fiscal year end From March 31 to December 31.

 

On December 2, 2014, our Board of Directors accepted the resignation of Steve Chen as the Chief Executive Officer and appointed Chris (Chi Jui) Hong as the Chief Executive Officer and a member of the Board of Directors. Following this appointment, our Board of Directors consists of three members: (i) Steve Andrew Chen; (ii) Brian Kistler; and (iii) Chris (Chi Jui) Hong.

 

On November 19, 2015, the Company acquired 100% shares of Double Growth Investment Ltd. On December 9, 2015, the Company acquired 100% shares of Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited. All these subsidiaries were registered in Republic of Seychelles. The Company made these acquisitions for future investment purpose. In 2016, the Company discontinued Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited by non-payment of the annual renewal fee.

 

On December 14, 2017, the Company acquired 100% shares of Success Events (Hong Kong) Limited, a company registered in Hong Kong Special Administrative Region. Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc. Shenzhen Internet Media Co., Ltd was registered in China. Distribution Network Inc. was registered in Seychelles and its main business is holding seminar in Great China Area.

 

On February 28, 2018, Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a company in China. Shenzhen Internet Media Co., Ltd. is no longer a subsidiary of the Company.

 

On May 30, 2018, Success Events (Hong Kong) Limited acquire 100% shares of Success Win (Shanghai) Co., Ltd.

 

On February 27, 2019, SEGN Taiwan Limited was incorporated in Taiwan and the Company holds 100% of its shares.

 

  

 
7

Table of Contents

    

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Interim Financial Statements

 

The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.

 

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.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation.

 

Reclassification

 

Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses.

 

Translation Adjustment

 

For the three months ended March 31, 2020, the accounts of the Success Win (Shanghai) Co., Ltd. were maintained, and its financial statements were expressed, in RMB. Such financial statements were translated into USD in accordance with the Foreign Currency Matters Topic of the Codification (ASC 830), with the RMB as the functional currency. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.

 

Comprehensive Income

 

The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the three months ended March 31, 2020 is included net income and foreign currency translation adjustments.

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $20,541 of cash as of March 31, 2020.

 

The Company’s bank accounts are deposited in insured institutions. At March 31, 2020, the Company’s bank deposits did not exceed the insured amounts.

 

Accounts Receivable

 

Accounts receivable are stated at the amount management expects to collect from outstanding balances.

  

 
8

Table of Contents

  

Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable.

 

Fair Value of Financial Instruments

 

ASC 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 

These tiers include:

 

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

 

Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company.

 

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

 

The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity.

 

Income Taxes

 

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

 

The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

 

The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract. The Company recognizes revenue when services have been provided, and collection is reasonably assured.

 

Advertising Costs

 

The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the three months ended March 31, 2020.

 

Stock-Based Compensation

 

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718.

 

As of March 31, 2020, the Company has not adopted a stock option plan and has not granted any stock options.

 

Basic and Diluted Income (Loss) per Share

 

Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the three months ended March 31, 2020, the potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect. The basic and diluted loss per share for the three months ended March 31, 2020 and 2019 as follows: 

 

 

For the Three Months Ended

 

March 31,

 

2020

 

2019

 

Numerator

 

   Net loss

 

(99,274)

 

(95,375)

 

 

 

 

 

 

 

 

 

 

Denominator

 

   Weighted average common shares outstanding – basic

 

75,135,000

 

75,000,000

 

   Dilution associated with stock subscription

 

-

 

-

 

   Weighted average common shares outstanding – diluted

 

75,135,000

 

75,000,000

 

Loss per share

 

(0.00)

 

$

(0.00)

 
 
9

Table of Contents

    

Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

 

NOTE 3 – OTHER RECEIVABLES – RELATED PARTY

 

As of March 31, 2020, the Company has other receivables of $397 and $11,744 from Success Holding Group International, Inc. and Success Holdings Group Corp. USA.

 

NOTE 4 – ACCOUNTS PAYABLE – RELATED PARTY

 

As of March 31, 2020, the Company has accounts payable of $31,053, to Shanghai Kun-Xin Media Limited under common control with the Company and $7,000 to Steve Andrew Chen who is the Company’s Chairman of the Board of Directors.

 

NOTE 5 – NOTES PAYABLE – RELATED PARTY

 

On April 24, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is April 24, 2018 and bear no interest.

 

On June 7, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris Hong (Chi Jui), the Company’s Chief Executive Officer and Director. The maturity of the Notes is June 7, 2018 and bear no interest.

 

On July 5, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is July 5, 2018 and bear no interest.

 

On August 11, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is August 11, 2018 and bear no interest.

 

On May 15, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $24,500 with Steve Andrew Chen who is the Company’s Chairman of the Board of Directors. The maturity of the Notes is May 15, 2018 and bear no interest.

 

On July 4, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Steve Andrew Chen who is the Company’s Chairman of the Board of Directors. The maturity of the Notes is July 4, 2018 and bear no interest.

 

On October 17, 2017, the Company repaid Steve Andrew Chen $15,032.

 

NOTE 6 – LOAN PAYABLE – RELATED PARTY

 

Success Holdings Group Corp. USA, our parent company, paid certain operating costs on our behalf. The total amount owed as at March 31, 2020 is $145,778.

 

Steve Andrew Chen, the Company’s Chairman of the Board of Directors, paid certain operating costs on our behalf. The total amount owed as at March 31, 2020 is $51,502.

 

The loan is unsecured, non-interest bearing and due on demand.

 

NOTE 7 – CONVERTIBLE NOTES

 

On October 22, 2019, the Company completed execution of a Securities Purchase Agreement, dated as of September 5, 2019 under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.

 

On November 15, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on July 31, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.

  

 
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On November 22, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $40,500 for purchase price of $36,500. The Note will mature on November 22, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein). The “Variable Conversion Price” meaning, 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means, for any security as of any date, the lowest traded price on the Over-the-Counter Pink Marketplace, OTCQB, or applicable trading market (the “Principal Market”)as reported by a reliable reporting service (“Reporting Service”) designated by Crown Bridge Partners (i.e. Bloomberg) or, if the Principal Market is not the principal trading market for such security, on the principal securities exchange or trading market where such security is listed or traded or, if the lowest intraday trading price of such security is not available in any of the foreign manners, the lowest intraday price of any market makers for such security that are quoted on the OTC Markets. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Company and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such notes.

 

The discount on for these convertible notes is amortized over the term of the notes. For the three months ended March 31, 2020, amortization for discount on these convertible notes is $4,750.

 

NOTE 8 – COMMON STOCK

 

The Company has 500,000,000, $0.001 par value shares of common stock authorized.

 

There were 75,135,000 shares of common stock issued and outstanding as of March 31, 2020.

  

NOTE 9 – COMMITMENTS AND CONTINGENCIES

 

Contractual

 

The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

 

Legal

 

We were not subject to any legal proceedings on March 31, 2020 and no legal proceedings are pending or threatened to the next of our knowledge or belief.

  

 
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Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

 

FORWARD-LOOKING STATEMENTS

 

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

 

Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

 

Unless otherwise specified in this quarterly report, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to shares of our common stock.

 

As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Success Entertainment Group International Inc., unless otherwise indicated.

  

 
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Our Company was incorporated in the State of Nevada on January 30, 2013 (Inception) under the name Altimo Group Corp., initially to engage in the sale of frozen yogurt machines.

 

In 2014, Marek Tomaszewski, our then majority shareholder, issued and sold 8,000,000 shares of our common stock, representing 77% of our outstanding common shares, to Success Holding Group Corp. USA, a Nevada corporation (“Success Holding”). Also, in 2014, we changed our name to “Success Entertainment Group International Inc.”, and the Company shifted its focus to the production and development of internet videos and training videos.

 

The Company signed several memorandums of understanding (“MOU”) for acquisitions in 2018:

  

 

On May 22, 2018, the Company signed an MOU with Magic Skin Technologies Company Ltd, acquiring a 20% interest; Magic Skin focuses on AI-car-detailing and data accumulation.

 

 

 

 

On June 29, 2018, the Company signed an MOU with Harvest (Shanghai) Technologies Co., a company that focuses on data accumulation through a large database of customers as well as utilizing AI in on-line instruction.

 

 

 

 

On July 23, 2018, signed an MOU with Beijing ZhongJu HuaDa Ltd., a company that would help establish a College of Commerce to utilize AI and education throughout Asia.

 

 

 

 

On August 14, 2018, the Company signed an MOU with Taiwan EverLive Telomerase Ltd. with the objective of obtaining more patent rights for the companies.

 

 

 

 

On September 19, 2018, the Company signed an MOU with Tai Fu Artificial Intelligence Co, Ltd., a large AI company located in Shenzen.

 

 

 

 

On October 31, 2018, the Company signed an MOU with Taipei Artificial Intelligence (AI) Wallet Technology Co., a company focusing on a platform that allows use of virtual currencies and multi-cash in exchanges.

  

On February 5, 2019, the Company announced a new MOU with a Beijing AI company to establish a joint venture in Shanghai. None of the above described MOUs went into effect as of September 30, 2019.

 

Current Business

 

Our operations are divided into three main categories. First is the “Know How” video sharing platform, which combines artificial intelligence (“AI”), short videos, social interaction, and education. Second is the production of Internet videos in China, for distribution in China, and on-line and off-line seminars conducted by Steve Chen. Specifically, we seek to produce commentary videos that will fit in internet mobile applications. In addition, we seek to sell distribution rights for these videos, and to develop and sell promotional and other products related to these videos throughout the world. Third, we are continuously seeking to make additional investments in other ventures that focus on AI and big data. Big data refers to the accumulation and analysis of large amounts of data.

 

Currently, our management is seeking and evaluating opportunities for our company to produce an internet video or participate in the production of an internet video as a financial partner, development partner, or production partner. In that regard we are seeking and evaluating video concepts, screenplays, financing opportunities, branding opportunities, and prospective creative and financial partners. We anticipate an operational budget of between $300,000 to $1,000,000 depending on the nature of our involvement, production costs, and available funding.

 

 
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Results of Operations

 

Three months ended in March 31, 2020 compared to the three months ended in March 31, 2019.

 

Our operating expenses for the three month periods ended March 31, 2020 and 2019 are outlined in the table below:

   

 

 

Three months  ended

March 31,
2020

 

 

Three months  ended

March 31,

2019

 

 

 

 

 

 

 

 

General and administrative expenses

 

$ 99,274

 

 

$ 190,145

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$ (99,274 )

 

$ (94,338 )

    

Revenues

 

For the three months ended March 31, 2020, we recorded no revenue. During the same three-month period in 2019, we recorded $111,807 in revenue. The decrease in revenue was mainly due to a severe slowdown of economy in China, coupled with tightened control by the government particularly impacting seminar related industries which began late fourth quarter of 2018 and throughout the 4 quarters of 2019. The COVID-19 Pandemic and a change in Company scope is why there is no reported revenue for the first three months ended March 31, 2020.

 

Cost of Revenues

 

For the three months ended March 31, 2020, we recorded nothing in cost of revenues. During the same three-month period in 2019, we recorded $16,000 in cost of revenue. The decrease in cost of revenues was due to decrease in revenue.

 

Operating Expenses and Net Loss

 

Operating expenses for the three months ended March 31, 2020 were $99,274 compared with $190,145 for the three months ended March 31, 2017. Our operating expenses during both period consisted entirely of general and administrative expenses which include professional fees (legal, accounting, audit), filing fees associated with the electronic filing of our public disclosure documents, travel expense, communications expenses (telephone, internet), and incidental office expenses (mail, courier, etc.). There was a decrease in general and operating expenses during the three months ended March 31, 2020 compared to the same period in 2019. This drastic decrease is mainly due to lower professional fees and decreased filing fees for less frequent SEC compliance filings. Additionally, the company has pursued more corporate partnerships and issued a large amount of stock. This may seem like a drastic shift; in reality, it is directly related to a bolder and more expansive path for the company and will lead to more future success.

 

The above decreased costs were, however, offset by revenues, which resulted in a net loss of $99,274 for the three months ended March 31, 2020. This is compared with $95,375 of net loss for the three months ended March 31, 2019.

  

 
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Liquidity and Capital Resources

 

Working Capital

   

 

 

As at

 

 

As at

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Current Assets

 

$ 37,678

 

 

$ 46,258

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

$ 842,703

 

 

$ 752,900

 

 

 

 

 

 

 

 

 

 

Working Capital (deficit)

 

$ (805,025 )

 

$ (706,258 )

 

Cash Flows

    

 

 

Three Months
Ended
March 31,

2020

 

 

Three Months  Ended
March 31,

2019

 

 

 

 

 

 

 

 

Net cash used in operating activities

 

$ (33,226 )

 

$ (413,877 )

 

 

 

 

 

 

 

 

 

Net cash used in investing activities

 

$

Nil

 

 

$

Nil

 

 

 

 

 

 

 

 

 

 

Net cash provided by financing activities

 

$ 26,805

 

 

$ 3,245

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash

 

$ (6,421 )

 

$ (410,632

 

  

As of March 31, 2020, our total assets and liabilities were $37,678 and $842,703 compared to $46,258 and $752,900 as at December 31, 2019. The increase in utilization in cash used in operating activities for the three months ended March 31, 2020 is due to a transition period while the Company adjusts its scope of business.

 

As of March 31, 2020, we had a working capital deficit of $805,025 compared with a working capital deficit of $706,258 as at December 31, 2019. The 13.9% increase in our working capital deficit is due to total liabilities as of March 31, 2020.

 

Cashflow from Operating Activities

 

During the three months ended March 31, 2020, we used cash for operating activities of 33,226, compared to the use of $413,877 of cash for operating activities during the three months ended March 31, 2019. This drastic decrease in cash used in operating expenses is due to lower net loss.

 

Cashflow from Investing Activities

 

During the three months ended March 31, 2020, and 2019, we did not have any investing activities.

 

Cashflow from Financing Activities

 

During the three months ended March 31, 2020, we received proceeds of $26,805 from related party loans. During the three months ended March 31, 2019, we received proceeds of $3,245 from capital contribution. The loans are non-interest bearing and due on demand. The increase in cash provided by financing activities in 2020 is due to a larger loan from a related party.

 

 
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Off-Balance Sheet Arrangements

 

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

 

Future Financings

 

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

 

Critical Accounting Policies

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $20,541and $26,962 of cash as of March 31, 2020 and December 31, 2019, respectively.

 

The Company’s bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At March 31, 2020, and December 31, 2019, the Company’s bank deposits did not exceed the insured amounts.

 

Fair Value of Financial Instruments

 

ASC 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

  

 
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These tiers include:

 

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

 

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

 

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

 

The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity.

 

Income Taxes

 

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

 

The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

 

Basic and diluted Income (Loss)

 

Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

 

Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

  

 
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Recently Issued Accounting Pronouncements

 

Our company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and our company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

Item 4. Controls and Procedures

 

Management’s Report on Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure.

 

As of the end of our quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective in providing reasonable assurance in the reliability of our reports as of the end of the period covered by this quarterly report.

 

Changes in Internal Control over Financial Reporting

 

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 
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Item 5. Subsequent Events

  

On April 3, 2020 the Company acquired Renavotio Infratech, Inc (RII) by way of a Securities Exchange Agreement according to the following terms:

 

1.1         The Acquisition. Upon the terms and subject to the conditions hereof, at the Closing (as hereinafter defined) the parties shall do the following: 

 

(a)         The Shareholders will sell, convey, assign, transfer to Pubco certificates representing the RII Shares (a  private company) held by the Shareholders, which in the aggregate shall constitute 100% of the issued and outstanding equity interests of RII, accompanied by properly executed and authenticated stock powers or instrument of like tenor. 

 

(b)          In exchange for the RII Shares, Pubco shall issue to the Shareholders on a pro rata basis the following shares of Pubco Series A preferred stock (collectively, the “Issuable Shares”): (i) an aggregate of Twenty Million (20,000,000) new and duly issued, fully paid and non-assessable shares of Pubco Series A Preferred Stock, par value $0.0001 (the “Series A Preferred Stock”) described in the Series A Certificate of Designation, annexed hereto as Exhibit A, convertible into Pubco common stock (“Pubco Common Stock”).  The Issuable Shares shall be convertible in the aggregate into a number of shares of Pubco Common Stock representing approximately 51% of the shares of Pubco Common Stock outstanding on a fully diluted basis immediately prior to conversion, subject to adjustment as described in the Series A Certificate of Designation. The only shares to be returned to treasury will be 30,000,000 owned by Success Holding Group, USA (SHGR) and 45,135,000 shares shall remain issued and outstanding as prior to closing. Pubco will issue an additional 6,000,000 (Six Million) Common shares, when requested to the person(s) of choice as directed by Chi Jui (Chris) Hong, current Pubco Chief Executive Officer.

 

 Upon closing the Board of Directors of Pubco and RII shall be as further described in Schedule 6.6(a) to the Stock Exchange Agreement attached herein as Exhibit 10.6.

 

1.2         Closing Date. The closing of the Acquisition (the “Closing”) shall take place no later than April 30, 2020 or as soon as practicable after the satisfaction or waiver of the conditions to Closing set forth in Article 7, or on such other date as may be mutually agreed upon by the parties. Such date is referred to herein as the “Closing Date.”

 

 1.3         Surrender and Exchange of Certificates.

 

(a)         At the Closing, (i) Pubco shall deliver to Sam Daniel, Esq., who shall act as exchange agent for the benefit of the Shareholders (the “Exchange Agent”), certificates representing the Issuable Shares, (“Issuable Securities”) registered in the names of the Shareholders and for the number and kind of Issuable Securities set forth on Schedule 1.3(a)(i) hereto and (ii) each Shareholder shall deliver to the Exchange Agent certificates representing the RII Equity Interests owned by such Shareholders as set forth on Schedule 1.3(a)(i), accompanied by properly executed and authenticated stock powers or instrument of like tenor. Pubco shall also cancel and deliver all Preferred Shares outstanding.

 

 1.4         Taking of Necessary Action; Further Action. If, at any time after the Closing, any further action is necessary or desirable to carry out the purposes of this Agreement, the Shareholders, RII, and/or Pubco (as applicable) shall take all such lawful and necessary action.

 

 
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PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

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 our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

 

Item 1A. Risk Factors

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

Item 2. Unregistered Sales of 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.

 

 
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Item 6. Exhibits

  

Exhibit Number

 

Description

 

 

 

(3)

 

Articles of Incorporation and Bylaws

 

 

 

3.1

 

Articles of Incorporation of the Registrant (1)

 

 

 

3.2

 

Bylaws of the Registrant (1)

 

(10)

 

Material Contracts

 

 

 

10.1

 

Sales Agreement (1)

 

 

 

10.2

 

Lease Agreement dated March 20, 2013 (1)

 

 

 

10.3

 

Amended and Restated Lease Agreement dated September 26, 2013 (2)

 

(31)

 

Rule 13a-14 (d)/15d-14d) Certifications

 

 

 

31.1*

 

Section 302 Certification by the Principal Executive Officer

 

 

 

31.2*

 

Section 302 Certification by the Principal Financial Officer and Principal Accounting Officer

 

(32)

 

Section 1350 Certifications

 

 

 

32.1*

 

Section 906 Certification by the Principal Executive Officer

 

 

 

32.2*

 

Section 906 Certification by the Principal Financial Officer and Principal Accounting Officer

 

 

 

101*

 

Interactive Data File

 

 

 

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 Linkbase Document

 

 

 

101.LAB

 

XBRL Taxonomy Extension Label Linkbase Document

 

 

 

101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase Document

____________

(1)

Incorporated by reference to the same exhibit of our registration statement on Form S-1 filed with the Securities and Exchange Commission on May 7, 2013.

(2)

Incorporated by reference to the exhibit 10.3 of Amendment No. 1 to our Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2013.

*

Filed herewith

 

 
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SIGNATURES

 

In accordance with Section 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.

    

 

SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.

 

 

(Registrant)

 

 

 

 

 

Dated: June 29, 2020

By:

/s/ William Robinson

 

 

 

William Robinson

 

 

 

Chief Executive Officer and Director
(Principal Executive Officer)

Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)