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EX-32.1 - TRENDMAKER INC. LTD.ex32-1.htm
EX-31.1 - TRENDMAKER INC. LTD.ex31-1.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended April 30, 2021

 

or

 

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

 

For the transition period from _______________to _______________

 

Commission File Number 333-200624

 

TRENDMAKER, INC. LIMITED

(Exact name of registrant issuer as specified in its charter)

 

Nevada   46-3505091

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

Lot 56935 Jalan 9/8, Seksyen 9,

Bandar Baru Bangi,

Selangor Darul Ehsan, Malaysia

  43650
(Address of principal executive offices)   (Zip Code)

 

Registrant’s phone number, including area code

919-633-2488

 

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

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered:
Common Stock   TMIN   The OTC Market – Pink Sheets

 

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 [X]

 

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 (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES [  ] NO [X]

 

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

 

Large Accelerated Filer [  ] Accelerated Filer [  ] Non-accelerated Filer [  ] Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X] No [  ]

 

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

 

Class   Outstanding at June 08, 2021
Common Stock, $0.0001 par value   13,537,000

 

 

 

 

 

 

TABLE OF CONTENTS

 

    Page
PART I FINANCIAL INFORMATION  
ITEM 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS:  
  Condensed Balance Sheets as of April 30, 2021 (Unaudited) and July 31, 2020 (Audited) F-2
  Condensed Statements of Operations and Comprehensive Income for the Three and Nine Months Ended April 30, 2021 and 2020 F-3
  Condensed Statement of Changes in Stockholders’ Equity for the Nine Months Ended April 30, 2021 and 2020 F-4
  Condensed Statements of Cash Flows for the Nine Months Ended April 30, 2021 and 2020 F-5
  Notes to the Condensed Financial Statements F-6 - F-9
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 3
ITEM 4. CONTROLS AND PROCEDURES 3
     
PART II OTHER INFORMATION  
ITEM 1 LEGAL PROCEEDINGS 4
ITEM 1A RISK FACTORS 4
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 4
ITEM 3 DEFAULTS UPON SENIOR SECURITIES 4
ITEM 4 MINE SAFETY DISCLOSURES 4
ITEM 5 OTHER INFORMATION 4
ITEM 6 EXHIBITS 4
  SIGNATURES 5

 

 

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS

 

TRENDMAKER, INC. LIMITED

CONDENSED FINANCIAL STATEMENTS

 

  Page
Condensed Financial Statements  
   
Condensed Balance Sheets as of April 30, 2021 (Unaudited) and July 31, 2020 (Audited) F-2
Condensed Statements of Operations and Comprehensive Income for the Three and Nine Months Ended April 30, 2021 and 2020 F-3
Condensed Statement of Changes in Stockholders’ Equity for the Nine Months Ended April 30, 2021 and 2020 F-4
Condensed Statements of Cash Flows for the Nine Months Ended April 30, 2021 and 2020 F-5
Notes to the Condensed Financial Statements F-6-F-9

 

CERTAIN TERMS USED IN THIS REPORT

 

When this report uses the words “we,” “us,” “our,” and the “Company,” they refer to Trendmaker, Inc. Limited. “SEC” refers to the Securities and Exchange Commission.

 

F-1

 

 

TRENDMAKER, INC. LIMITED

CONDENSED BALANCE SHEETS

As of April 30, 2021 (Unaudited) and July 31, 2020 (Audited)

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

 

   April 30, 2021   July 31, 2020 
   (Unaudited)   (Audited) 
   $   $ 
ASSETS          
CURRENT ASSET          
Due from related party   255,806    284,116 
Total Current Asset   255,806    284,116 
           
TOTAL ASSETS   255,806    284,116 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
CURRENT LIABILITY          
Accounts payable and accrued liabilities   220,442    222,912 
Total Current Liability   220,442    222,912 
           
TOTAL LIABILITIES   220,442    222,912 
           
STOCKHOLDERS’ EQUITY          
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding   -    - 
Common stock, $0.0001 par value; 100,000,000 shares authorized, 13,537,000 and 13,537,000 issued and outstanding as of April 30, 2021 and July 31, 2020   1,354    1,354 
Additional paid in capital   825,166    825,166 
Accumulated deficit   (791,156)   (765,316)
TOTAL STOCKHOLDERS’ EQUITY   35,364    61,204 
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   255,806    284,116 

 

See accompanying notes to condensed financial statements.

 

F-2

 

 

TRENDMAKER, INC. LIMITED

CONDENSED STATEMENT OF OPERATION AND COMPREHENSIVE INCOME

For the three and nine months ended April 30, 2021 and 2020

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

(Unaudited)

 

  

Three months ended

April 30

  

Nine months ended

April 30

 
   2021   2020   2021   2020 
   $   $   $   $ 
REVENUE   -    -    -    - 
                     
OTHER SERVICE FEES   -    -    -    - 
                     
COST OF REVENUE   -    -    -    - 
                     
GROSS PROFIT   -    -    -    - 
                     
GENERAL AND ADMINISTRATIVE EXPENSES   (6,000)   (7,449)   (25,840)   (25,269)
                     
LOSS BEFORE INCOME TAX   (6,000)   (7,449)   (25,840)   (25,269)
                     
INCOME TAX PROVISION   -    -         - 
                     
NET LOSS   (6,000)   (7,449)   (25,840)   (25,269)
                     
Net loss per share, basic and diluted:   (0.0005)   (0.0006)   (0.002)   (0.002)
                     
Weighted average number of shares outstanding during the year – Basic and diluted   13,537,000    13,537,000    13,537,000    13,537,000 

 

See accompanying notes to condensed financial statements.

 

F-3

 

 

TRENDMAKER, INC. LIMITED

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

For the nine months ended April 30, 2021 and 2020

(Currency expressed in United States Dollars (“US$”))

(Unaudited)

 

Nine months ended April 31, 2020

 

   COMMON STOCK   ADDITIONAL       OTHER   TOTAL 
   Number of
Shares
   Amount  

PAID-IN

CAPITAL

  

ACCUMULATED

DEFICIT

  

COMPREHENSIVE

LOSS

  

STOCKHOLDERS’

EQUITY

 
       $   $   $       $ 
Balance as of July 31, 2019 (Audited)   13,537,000    1,354    825,166    (728,974)   -    97,546 
Net loss for the period   -    -    -    (11,278)   -    (11,278)

Balance as of October 31, 2019 (Unaudited)

   13,537,000    1,354   $825,166    (740,252)   -    86,268 
Net loss for the period   -    -    -    (6,542)   -    (6,542)
Balance as of January 31, 2020 (Unaudited)   13,537,000    1,354    825,166    (746,794)   -    79,726 
Net loss for the period   -    -    -    (7,449)   -    (7,449)
Balance as of April 30, 2020 (Unaudited)   13,537,000    1,354    825,166    (754,243)   -    72,277 
                               

 

Nine months ended April 31, 2021

 

   COMMON STOCK   ADDITIONAL       OTHER   TOTAL 
   Number of       PAID-IN   ACCUMULATED   COMPREHENSIVE   STOCKHOLDERS’ 
   Shares   Amount   CAPITAL   DEFICIT   LOSS   EQUITY 
       $   $   $       $ 
Balance as of July 31, 2020 (Audited)   13,537,000   $1,354   $825,166    (765,316)   -    61,204 
Net loss for the period   -    -    -    (12,534)   -    (12,534)
Balance as of October 31, 2020 (Unaudited)   13,537,000    1,354    825,166    (777,850)   -    48,670 
Net loss for the period   -    -    -    (7,306)   -    (7,306)
Balance as of January 31, 2021 (Unaudited)   13,537,000    1,354    825,166    (785,156)   -    41,364 
Net loss for the period   -    -    -    (6,000)   -    (6,000)
Balance as of April 30, 2021 (Unaudited)   13,537,000    1,354    825,166    (791,156)   -    35,364 

 

See accompanying notes to condensed financial statements.

 

F-4

 

 

 

TRENDMAKER, INC. LIMITED

CONDENSED STATEMENT OF CASH FLOWS

For the nine months ended April 30, 2021 and 2020

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

(Unaudited)

 

   Nine months ended April 30 
   2021   2020 
   $   $ 
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss   (25,840)   (25,269)
           
Changes in operating assets and liabilities:          
Due from related party   28,310    44,489 
Accounts payable and accrued liabilities   (2,470)   (19,220)
Net cash used in operating activities   -    - 
           
Net increase/ (decrease) in cash and cash equivalents   -    - 
Cash and cash equivalents, beginning of period  -   - 
CASH AND CASH EQUIVALENTS, END OF PERIOD  -   - 

 

See accompanying notes to condensed financial statements.

 

F-5

 

 

TRENDMAKER, INC. LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS

For the nine months ended April 30, 2021

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

(Unaudited)

 

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of preparation

 

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.

 

Basis of presentation

 

The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.

 

It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.

 

Nuts and Bolts International, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on August 21, 2013 to create and publish electronic non-fiction multimedia books for the hobby and do-it-yourself consumer markets (“eBooks”) through the internet. It’s eBook publishing operations were conducted through its wholly-owned subsidiary, Nuts and Bolts Publishing, LLC, which was organized under the laws of the State of North Carolina on August 22, 2013.

 

Effective as of February 29, 2016, the Company had a change of control as a result of the sale of its previous controlling shareholder of 5,000,000 shares of its common stock, representing approximately 76.5% of the Company’s issued and outstanding common stock. Following the change of control, the Company has discontinued the eBook publishing operations previously carried on through the previous company’s subsidiary.

 

Also, following the change of control, the Company is now engaged in the business of providing management and consulting services to Trendmaker Private Limited. Effective as of April 14, 2016, the Company amended its Articles of Incorporation to change its name to Trendmaker, Inc., Limited.

 

Use of estimates

 

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of in kind contribution of services, valuation of deferred tax assets. Actual results could differ from those estimates.

 

Revenue recognition

 

The Company will recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

 

Cash and cash equivalents

 

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At April 30, 2021 and July 31, 2020, the Company had no cash and cash equivalents.

 

Income taxes

 

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

Related party

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

F-6

 

 

TRENDMAKER, INC. LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS

For the nine months ended April 30, 2021

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

(Unaudited)

 

Fair value of financial instruments

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, and accounts payable and approximate their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

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

 

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

 

  Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

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 its financial condition or the results of its operations.

 

F-7

 

 

TRENDMAKER, INC. LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS

For the nine months ended April 30, 2021

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

(Unaudited)

 

2. SHAREHOLDERS’ EQUITY

 

(A) Preferred Stock

 

The Company was incorporated on August 21, 2013. The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001 per share. Preferred stock may be issued in one or more series with rights and preferences are to be determined by the board of directors. As of April 30, 2021, no shares of preferred stock have been issued.

 

(B) Common Stock

 

The Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.0001 per share.

 

As of April 30, 2021, the Company has 13,537,000 shares of common stock outstanding.

 

3. COMMITMENTS AND CONTINGENCIES

 

As of April 30, 2021, the Company has no commitment or contingency involved.

 

4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

   April 30, 2021   July 31, 2020 
   (Unaudited)   (Audited) 
   $   $ 
Accounts payable and accrued liabilities generated from:          
Other creditors   214,842    214,842 
Accrued expenses   5,600    8,070 
    220,442    222,912 

 

Accounts payable and accrued liabilities at April 30, 2021 were a total US$220,442 consisting of US$5,600 from accrued expenses and US$214,842 from other creditors. Accounts payable and accrued liabilities at July 31, 2020 were a total US$222,912 consisting of US$ 8,070 from accrued expenses and US$214,842 from other creditor.

 

5. RELATED PARTY TRANSACTIONS

 

As of April 30, 2021, the Company has no related party transactions.

 

F-8

 

 

TRENDMAKER, INC. LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS

For the nine months ended April 30, 2021

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

(Unaudited)

 

6. RELATED PARTY BALANCES

 

   April 30, 2021   July 31, 2020 
   (Unaudited)   (Audited) 
   $   $ 
Due from related party:          
Related Party A   255,806    284,116 

 

As of April 30, 2021, the balance US$255,806 represented an outstanding amount due from Related Party A. Related Party A is having common director with the Company. The amount due is unsecured, interest-free with no fixed repayment term.

 

7. GOING CONCERN

 

As of April 30, 2021, the Company has an accumulated deficit of $791,156 and a stockholders’ equity of $35,364 and for the three months ended April 30, 2021, had a net loss of $6,000. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management is taking various steps to provide the Company with the opportunity to continue as a going concern.

 

8. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events from the balance sheet date through April 30, 2021 the date the Company issued unaudited consolidated financial statements in accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. During this period, there was no subsequent event that required recognition or disclosure.

 

9. SIGNIFICANT EVENTS

 

During the fiscal year 2020, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic, which has caused severe global social and economic disruptions and uncertainties, including markets where the Company operates.

 

The Company considers this outbreak as non-adjusting-events. The consequences brought about by Covid-19 continue to evolve and whilst the Company actively monitoring and managing its operations to respond to these changes, the Company does not consider it practicable to provide any quantitative estimate on the potential impact it may have on the Company.

 

F-9

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Going Concern

 

As of April 30, 2021, the Company has an accumulated deficit of $791,156 and a stockholders’ equity of $35,364 and for the three months ended April 30, 2021, had a net loss of $6,000. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management is taking various steps to provide the Company with the opportunity to continue as a going concern.

 

Results of Operations

 

For the three months ended April 30, 2021 and 2020

 

For the three months period ended April 30, 2021 and 2020, the Company has generated no profit but loss of $6,000 and $7,449 respectively.

 

Liquidity and Capital Resources

 

As of April 30, 2021, and July 31, 2020, the Company has no cash on hand, but has a total asset entirely consisting due from related party of $255,806 and $284,116 of which is the amount due from Phyto Science Sdn. Bhd.

 

As of April 30, 2021, and July 31, 2020 the Company has a total liability of $220,442 and $222,912 entirely consist of accounts payable and accrued expenses.

 

The Company has a working capital of $35,364 and $61,204 as at April 30, 2021 and July 31, 2020 respectively.

 

Net cash used in operating activities for the year ended April 30, 2021 and 2020 was $0 and $0 respectively. The cash used in operating activities are mainly for professional fees, legal fees, and general expenses.

 

Critical Accounting Policies

 

We have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management’s judgment in their application.

 

The Company accounts for income taxes under FASB ASC Topic 740 income taxes (“ASC Topic 740”). Under ASC Topic 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC Topic 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

2

 

 

Recent Accounting Pronouncements

 

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

 

Off Balance Sheet Transactions

 

None

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting 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

 

Disclosure Controls and Procedures

 

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, 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 CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure as a result of continuing material weaknesses in its internal control over financial reporting.

 

During the assessment of the effectiveness of internal control over financial reporting, our management identified material weaknesses related to the lack of requisite U.S. generally accepted accounting principles (GAAP) expertise of our Chief Financial Officer and our internal bookkeeper. This lack of expertise to prepare our financial statements in accordance with U.S. GAAP without the assistance of the outside accounting consultant hired to ensure that our financial statements are prepared in accordance with U.S. GAAP constitutes a material weakness in our internal control over financial reporting. In order to mitigate the material weakness, we engaged an outside accounting consultant to assist us in the preparation of our financial statements to ensure that these financial statements are prepared in conformity to U.S. GAAP. This outside accounting consultant has significant experience in the preparation of financial statements in conformity with U.S. GAAP. We believe that the engagement of this consultant will lessen the possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis, and we will continue to monitor the effectiveness of this action and make any changes that our management deems appropriate. We expect to continue to rely on this outside consulting arrangement to supplement our internal accounting staff for the foreseeable future. Until such time as we hire the proper internal accounting staff with the requisite U.S. GAAP experience, however, it is unlikely we will be able to remediate the material weakness in our internal control over financial reporting.

 

Changes in Internal Controls over Financial Reporting

 

There were no changes that occurred to our internal control over financial reporting during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

3

 

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

None.

 

Item 1A. Risk Factors.

 

Smaller reporting companies 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

 

ITEM 6. Exhibits

 

Exhibit No.   Description
31.1*   Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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.
101.INS*   XBRL Instance Document
101.SCH*   XBRL Schema Document
101.CAL*   XBRL Calculation Linkbase Document
101.DEF*   XBRL Definition Linkbase Document
101.LAB*   XBRL Label Linkbase Document
101.PRE*   XBRL Presentation Linkbase Document

 

* Filed herewith.

 

4

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  TRENDMAKER, INC. LIMITED
  (Name of Registrant)
     
Date: June 08, 2021    
     
  By: /s/ Puan Sri Datin Sri Tan Chin Yee
    Puan Sri Datin Sri Tan Chin Yee, CEO and CFO
   

(Principal Executive Officer)

(Principal Financial Officer)

 

5