UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

FOR THE QUARTERLY PERIOD ENDED ~~JULY~~OCTOBER 31, 2022

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

Commission File No. 000 -30432

Liaoning Shuiyun Qinghe Rice Industry Co., Ltd.

(Formerly known as Evergreen International Corp.)

(Exact name of registrant as specified in its charter)

State of Delaware		22-2335094
(State or other jurisdiction of Incorporation or organization)		(I.R.S. Employer Identification No.)

No. 3205-3209, South Building, No. 3,

Intelligence Industrial Park, No.39 Hulan West Road, Baoshan District, Shanghai, China

(Address of principal executive offices)

(Zip Code)

+86-21 6605 0886

(Registrant’s telephone number, including area code)

N/A

(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 class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/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 ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files).

Yes ☒ No ☐

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		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) or the Exchange Act. ☐

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

As of ~~September 14~~December 6, 2022, there were 7,350,540 shares of Common Stock issued and outstanding.

Liaoning Shuiyun Qinghe Rice Industry Co., Ltd.

(Formerly known as Evergreen International Corp.)

FORM 10-Q

~~July~~ October 31, 2022

TABLE OF CONTENTS

		Page No.
	PART I. - FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Balance Sheets as of July 31, 2022 (Unaudited) and April 30, 2022	1
	Condensed Balance Sheets as of October 31, 2022 (Unaudited) and April 30, 2022	1
	Unaudited Condensed Statements of Operations for the Three Months Ended July 31, 2022 and 2021	2
	Unaudited Condensed Statements of Operations for the Three and Six Months Ended October 31, 2022 and 2021	2
	Unaudited Condensed Statements of Changes in Stockholders’ Deficit for the Three Months Ended July 31, 2022 and 2021	3
	Unaudited Condensed Statements of Changes in Stockholders’ Deficit for the Three and Six Months Ended October 31, 2022 and 2021	3
	Unaudited Condensed Statements of Cash Flows for the Three Months Ended July 31, 2022 and 2021	5
	Unaudited Condensed Statements of Cash Flows for the Six Months Ended October 31, 2022 and 2021	5
	Notes to Unaudited Condensed Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	11
Item 4.	Controls and Procedures	11
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	12
Item 1A.	Risk Factors	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3.	Defaults upon Senior Securities	12
Item 4.	Mine Safety Disclosures	12
Item 5.	Other Information	12
Item 6.	Exhibits	1213

FORWARD LOOKING STATEMENTS

This report may contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended (including any statements regarding the Company’s outlook for fiscal 2023 and beyond). Any forward-looking statements are subject to a number of risks and uncertainties. These include, among other risks and uncertainties, without limitation, the lack of any current business operation, the possible failure to identify a suitable acquisition candidate, and specific risks which may be associated with any new business or acquisition that we may acquire.

In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our 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 such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of this report. Except as otherwise required by law, we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this report to reflect any change in our expectations or any change in events, conditions or circumstances on which any of our forward-looking statements are based. We qualify all of our forward-looking statements by these cautionary statements.

PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements.

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

(FORMERLY KNOWN AS EVERGREEN INTERNATIONAL CORP.)

CONDENSED BALANCE SHEETS

	July 31,			April 30,
	October 31,			April 30,
	2022			2022
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash	$	-		$	-
TOTAL CURRENT ASSETS		-			-
TOTAL ASSETS	$	-		$	-
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	$	17,~~707~~744		$	17,415
Accounts payable and accrued liabilities - related party		~~137~~150,~~001~~378			121,098
TOTAL CURRENT LIABILITIES		~~154~~168,~~708~~122			138,513
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:
Preferred stock ($.001 par value; 1,000,000 shares authorized; 0 shares issued and outstanding)		-			-
Common stock ($.001 par value; 100,000,000 shares authorized; 7,350,540 shares issued and outstanding)		~~7,350~~			~~7,350~~
		7,350			7,350
Additional paid-in capital		2,252,483			2,252,483
Accumulated deficit		(2,~~414~~427,~~541~~955	)		(2,398,346	)
TOTAL STOCKHOLDERS’ DEFICIT		(~~154~~168,~~708~~122	)		(138,513	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-		$	-

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

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

(FORMERLY KNOWN AS EVERGREEN INTERNATIONAL CORP.)

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

	For the Three Months Ended July 31,
	For the Three Months Ended October 31,						For the Six Months Ended October 31,
	2022			2021			2022			2021
Revenues	$	-		$	-		$	-		$	-
Operating Expenses:
Accounting fees		148,~~600~~800			-32,663			23,400			32,663
Other general and administrative		14,~~595~~614			~~386~~20,134			6,209			20,520
Total Operating Expenses		1613,~~195~~414			~~386~~52,797			29,609			53,183
Loss from Operations		(1613,~~195~~414	)		(~~386~~52,797	)		(29,609	)		(53,183	)
Net Loss	$	(1613,~~195~~414	)	$	(~~386~~52,797	)	$	(29,609	)	$	(53,183	)
Net loss per common share, basic and diluted	$	(0.00	)	$	(0.0001	)	$	(0.00	)	$	(0.01	)
Weighted average number of common shares outstanding:
Basic and diluted		7,350,540			7,350,540			7,350,540			7,350,540

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

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

(FORMERLY KNOWN AS EVERGREEN INTERNATIONAL CORP.)

UNAUDITED CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE THREE AND SIX MONTHS ENDED ~~JULY~~OCTOBER 31, 2022

					Additional					Total
	Common Stock				Paid-in		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance at April 30, 2022		7,350,540	$	7,350	$	2,252,483	$	(2,398,346	)	$	(138,513	)
Net loss for the three months ended July 31, 2022		-		-		-		(16,195	)		(16,195	)
Balance at July 31, 2022		7,350,540	$	7,350	$	2,252,483	$	(2,414,541	)	$	(154,708	)
Net loss for the three months ended October 31, 2022		-		-		-		(13,414	)		(13,414	)
Balance at October 31, 2022		7,350,540	$	7,350	$	2,252,483	$	(2,427,955	)	$	(168,122	)
Balance at April 30, 2022		7,350,540	$	7,350	$	2,252,483	$	(2,398,346	)	$	(138,513	)
Net loss for the six months ended October 31, 2022		-		-		-		(29,609	)		(29,609	)
Balance at October 31, 2022		7,350,540	$	7,350	$	2,252,483	$	(2,427,955	)	$	(168,122	)

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

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

(FORMERLY KNOWN AS EVERGREEN INTERNATIONAL CORP.)

UNAUDITED CONDENSED ~~STATEMENT~~STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE THREE AND SIX MONTHS ENDED ~~JULY~~OCTOBER 31, 2021

					Additional					Total
	Common Stock				Paid-in		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance at April 30, 2021		7,350,540	$	7,350	$	2,252,483	$	(2,327,037	)	$	(67,204	)
Net loss for the three months ended July 31, 2021		-		-		-		(386	)		(386	)
Balance at July 31, 2021		7,350,540	$	7,350	$	2,252,483	$	(2,327,423	)	$	(67,590	)
Net loss for the three months ended October 31, 2021		-		-		-		(52,797	)		(52,797	)
Balance at October 31, 2021		7,350,540	$	7,350	$	2,252,483	$	(2,380,220	)	$	(120,387	)
Balance at April 30, 2021		7,350,540	$	7,350	$	2,252,483	$	(2,327,037	)	$	(67,204	)
Net loss for the six months ended October 31, 2021		-		-		-		(53,183	)		(53,183	)
Balance at October 31, 2021		7,350,540	$	7,350	$	2,252,483	$	(2,380,220	)	$	(120,387	)

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

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

(FORMERLY KNOWN AS EVERGREEN INTERNATIONAL CORP.)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

	For the Three Months Ended July 31,
	For the Six Months Ended
	October 31,
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(1629,~~195~~609	)	$	(~~386~~53,183	)
Changes in operating assets and liabilities:
Increase in accounts payable and accrued liabilities		292			386
Increase (decrease) in accounts payable and accrued liabilities		329			(10	)
Increase in accounts payable and accrued liabilities - related party		1529,~~903~~280			-52,408
NET CASH USED IN OPERATING ACTIVITIES		-			-(785	)
NET DECREASE IN CASH		-			-(785	)
Cash, beginning of period		-			785
Cash, end of period	$	-		$	~~785~~-
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$	-		$	-
Cash paid for income tax	$	-		$	-

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

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Description of Business

Liaoning Shuiyun Qinghe Rice Industry Co., Ltd. (“Shuiyun Qinghe”, “we”, “our” or “the Company”) (formerly known as Arbor Entech Corporation and Evergreen International Corp., respectively) started as a wood products company that had been in business since 1980. Our business fluctuated over the years. We were almost wholly dependent on sales to The Home Depot, Inc. On September 2, 2003, we terminated our business relationship with Home Depot due to increased difficulties in transacting business with such company on a profitable basis. These difficulties included Home Depot’s prohibition against price increases, despite increases in our costs of production, a diminution in the Home Depot territories to which we were allowed to sell our products, and Home Depot’s demands regarding returns of ordered products that we were unwilling to accede to for economic reasons.

On June 22, 2018, the Company entered into a Stock Purchase Agreement (the “SPA”) with a third party (the “Purchaser”) and certain selling stockholders, including the Company’s controlling stockholders (all of the selling stockholders, collectively, the “Sellers”). Pursuant to the SPA, the Purchaser agreed to acquire approximately 98.75% of the Company’s issued and outstanding common stock (the “Shares”). The transaction contemplated by the SPA was subject to various conditions, including payment of a cash dividend to the Company’s stockholders and the Company’s changing its name and ticker symbol as per the direction of the Purchaser.

On July 6, 2018, the Board of Directors of the Company (i) declared a cash dividend in an aggregate amount of $181,996, or an average of $0.024760 per share, payable to stockholders of record on July 16, 2018, and (ii) approved an amendment to the Company’s Certificate of Incorporation to change the Company’s name to Evergreen International, Corp., which amendment was filed with the Secretary of State of the State of Delaware on July 13, 2018 and became effective on July 20, 2018.

On July 27, 2018, the transaction contemplated by the SPA closed and the Purchaser acquired the Shares for a cash consideration of $325,000. The consummation of the transactions contemplated by the SPA resulted in a change of control of the Company.

On ~~October~~ October 20, 2020, Jianguo Wei, our former Chief Executive Officer, President, Treasurer and Director, entered into an Acquisition Agreement ~~with~~ with Shanghai Yuyue Enterprise Management Consulting Co., Ltd. (“SYEM”) pursuant to which Mr. Wei agreed to sell all 7,258,750 shares held by Tan Ying Lok, constituting approximately 98.75% of the Company, to SYEM for aggregate cash consideration of $200,000. Mr. Wei was authorized to enter into the Acquisition Agreement on behalf of Mr. Lok pursuant to an Authorization Letter dated October 20, 2020. The acquisition consummated October 20, 2020, and the parties are in the process of transferring the securities to SYEM. The transfer is expected to be completed in ~~October~~January ~~2022~~2023.

In connection with the sale of securities to SYEM, Mr. Jianguo Wei resigned from all his positions with the Company, and Mr. Baobing He and Mr. Weiming Cui were appointed as the Company’s Directors as well as Chief Executive Officer and Chief Financial Officer, respectively, effective October 20, 2020.

On October 22, 2020, the Board and the majority stockholder took action by written consent to approve an amendment to the Company’s Articles of Incorporation to change its corporate name to Liaoning Shuiyun Qinghe Rice Industry Co., Ltd. and to change the ticker symbol of the Common Stock to SYQH. These changes were completed in February 2021.

Currently, the Company possesses no assets and accrued only minimal liabilities with no substantial business operations. There were no revenue or positive cash flows for the ~~three~~six months ended ~~July~~October 31, 2022. The Company’s management efforts are focused on seeking out a new and profitable operating business with strong growth potential. Unless and until the Company successfully acquires an operating business, we expect our expenses to consist of accounting ~~fees~~fee, legal service fee, and other costs related to maintaining a public company.

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Basis of Presentation

The accompanying unaudited condensed financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The interim unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission from the accounts of the Company without audit. The condensed balance sheet at April 30, 2022 was derived from audited financial statements but may not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited; however, in the opinion of management, the information presented reflects all adjustments of a normal recurring nature which are necessary to present fairly the Company’s financial position and results of operations and cash flows for the period presented. It is recommended that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Company’s fiscal year 2022 Annual Report on Form 10-K and other financial reports filed by the Company from time to time.

Cash and Cash Equivalents

The ~~Company~~ Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents. There were no cash equivalents as of ~~July~~October 31, 2022 and April 30, 2022.

Use of Estimates

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

Income Taxes

Income taxes are provided in accordance with ASC 740 Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Loss Per Share

The ~~basic~~ basic computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC 260, “Earnings Per Share”. Since the Company has no common stock equivalents, diluted loss per share is the same as basic loss per share for the three and six months ended ~~July~~October 31, 2022 and 2021.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying unaudited condensed interim financial statements, primarily due to their short-term nature.

Concentration of Credit Risk

There are no financial instruments that potentially subject the Company to concentration of credit risk. The Company has not experienced losses and management believes the Company is not exposed to significant credit risks.

LIAONING SHUIYUN QINGHE RICE INDUSTRY CO., LTD.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Concentration of Credit Risk

Going Concern Risk

As ~~reflected~~ reflected in the accompanying unaudited condensed financial statements, the Company had working capital deficit of $~~154~~168,~~708~~122 at ~~July~~ October 31, 2022 and has incurred recurring net loss of $1629,~~195~~609 for the ~~three~~six months ended ~~July~~October 31, 2022. The Company has no current ~~operating~~ operating activities. These factors raise substantial doubt about the Company’s ability to continue as a going concern for at least next twelve months from the date the Company’s interim financial statements are released. Management intends to fund the ongoing ~~operations~~ operations of the Company while seeking potential business acquisition opportunities.

NOTE 2 – RELATED PARTY TRANSACTIONS

The Company’s CEO, Baobing He, paid certain expenses on behalf of the Company. As of ~~July~~October 31, 2022 and April 30, 2022, the Company had a payable amount to this related party of $~~137~~150,~~001~~378 and $121,098, respectively.

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe there would have been a material effect on the accompanying unaudited condensed financial statements had any recently issued, but not yet effective, accounting standards been adopted in the current period.

NOTE 4 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date through the date the unaudited condensed financial statements were issued and has determined there are no additional events required to be disclosed.

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

The following discussion and analysis of financial condition and results of operations relates to the operations and financial condition reported in the unaudited condensed financial statements of the Company for the three and six months ended ~~July~~October 31, 2022 and 2021 should be read in conjunction with such financial statements and related notes included in this report. Except for the historical information contained herein, the following discussion, as well as other information in this report, contain “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the “safe harbor” created by those sections. Actual results and the timing of the events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the “Forward-Looking Statements” set forth elsewhere in this Quarterly Report on Form 10-Q.

Overview

Liaoning Shuiyun Qinghe Rice Industry Co., Ltd. (“Shuiyun Qinghe”, “we”, “our” or “the Company”) (formerly knowns as Arbor Entech Corporation and Evergreen International Corp., respectively) started as a wood products company that had been in business since 1980. Our business fluctuated over the years. We were almost wholly dependent on sales to The Home Depot, Inc. On September 2, 2003, we terminated our business relationship with Home Depot due to increased difficulties in transacting business with such company on a profitable basis. These difficulties included Home Depot’s prohibition against price increases, despite increases in our costs of production, a diminution in the Home Depot territories to which we were allowed to sell our products, and Home Depot’s demands regarding returns of ordered products that we were unwilling to accede to for economic reasons.

On July 27, 2018, the transaction contemplated by the SPA closed and the Purchaser acquired the Shares for a total cash consideration of $325,000. The consummation of the transactions contemplated by the SPA resulted in a change of control of the Company.

On October 20, 2020, Jianguo Wei, our former Chief Executive Officer, President, Treasurer and Director, entered into an Acquisition Agreement with Shanghai Yuyue Enterprise Management Consulting Co., Ltd. (“SYEM”) pursuant to which Mr. Wei agreed to sell all 7,258,750 shares held by Tan Ying Lok, constituting approximately 98.75% of the Company, to SYEM for aggregate cash consideration of $200,000. Mr. Wei was authorized to enter into the Acquisition Agreement on behalf of Mr. Lok pursuant to an Authorization Letter dated October 20, 2020. The acquisition consummated on October 20, 2020, and the parties are in the process of transferring the securities to SYEM. The transfer is expected to be completed in ~~October~~January ~~2022~~2023.

~~On October~~In ~~22,~~connection ~~2020,~~with the sale ~~Board~~of ~~and~~securities ~~the~~to ~~majority~~SYEM, ~~stockholder~~Mr. ~~took~~Jianguo ~~action~~Wei byresigned ~~written~~from ~~consent~~all tohis ~~approve~~positions anwith ~~amendment to~~ the Company~~’s Articles~~, ofand ~~Incorporation~~Mr. toBaobing ~~change~~He ~~its~~and ~~corporate~~Mr. ~~name~~Weiming toCui ~~Liaoning~~were appointed ~~Shuiyun~~as ~~Qinghe~~the ~~Rice~~Company’s ~~Industry~~Directors ~~Co.,~~as ~~Ltd.~~well ~~and~~as toChief ~~change~~Executive ~~the~~Officer ~~ticker~~and ~~symbol of~~Chief ~~the~~Financial ~~Common~~Officer, ~~Stock to~~respectively, ~~SYQH.~~effective ~~These~~October 20, ~~changes were completed in February 2021~~2020.

~~Currently~~On October 22, 2020, the ~~Company~~Board ~~possesses no assets~~ and ~~only~~the ~~minimal~~majority ~~liabilities~~stockholder ~~with~~took noaction ~~substantial~~by ~~business~~written ~~operations.~~consent ~~There~~to ~~were~~approve noan ~~revenue~~amendment orto ~~positive cash flows for~~ the ~~three months ended July 31, 2022. The~~ Company’s ~~management~~Articles ~~efforts~~of ~~are~~Incorporation to ~~focused~~change onits ~~seeking~~corporate ~~out~~name ato ~~new~~Liaoning ~~and~~Shuiyun ~~profitable operating~~Qinghe ~~business~~Rice ~~with~~Industry ~~strong~~Co., ~~growth potential~~Ltd. ~~Unless~~ and ~~until~~to change the ~~Company~~ticker ~~successfully~~symbol ~~acquires~~of anthe ~~operating~~Common ~~business, we expect~~Stock to ~~our~~SYQH. ~~expenses~~These tochanges ~~consist~~were ofcompleted ~~accounting~~in ~~fees~~February ~~and other costs related to maintaining a public company~~2021.

9Currently, the Company possesses no assets and only minimal liabilities with no substantial business operations. There were no revenue or positive cash flows for the six months ended October 31, 2022. The Company’s management efforts are focused on seeking out a new and profitable operating business with strong growth potential. Unless and until the Company successfully acquires an operating business, we expect our expenses to consist of accounting fee, legal service fee, and other costs related to maintaining a public company.

Critical Accounting Policies and Significant Judgments and Estimates

The Securities and Exchange Commission (“SEC”) issued disclosure guidance for “critical accounting policies.” The SEC defines “critical accounting policies” as those that require the application of management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods.

Our significant accounting policies are described in the Notes to these unaudited condensed financial statements. Currently, based on the Company’s limited activity, we do not believe that there are any accounting policies that require the application of difficult, subjective or complex judgments.

Results of Operations

Since we discontinued our wood products business in 2003, we have had no revenue, including during the three and six months ended ~~July~~October 31, 2022 and 2021.

Three ~~Months~~ and Six Months Ended ~~July~~October 31, 2022 Compared to the Three and Six Months Ended ~~July~~October 31, 2021

Operating Expenses. Our operating expenses primarily consisted of fees and expenses related to complying with our ongoing SEC reporting requirements, which consisted of accounting ~~fees~~fee, legal service fee, transfer agent ~~fees~~fee, and filing ~~fees~~fee etc.

For the three months ended ~~July~~October 31, 2022, total operating expenses amounted to $1613,~~195~~414 as compared to $~~386~~52,797 for the three months ended ~~July~~October 31, 2021, a decrease of $39,383. For the six months ended October 31, 2022, total operating expenses amounted to $29,609 as compared to $53,183 for the six months ended October 31, 2021, ana ~~increase~~decrease of $1523,~~809~~574. The ~~increase~~decrease was primarily due to anthe ~~increase~~decrease in accounting fee, legal service fee, and filing fee.

Net Loss. During the three months ended ~~July~~October 31, 2022 and 2021, we had net loss of $1613,~~195~~414 and $~~386~~52,797, respectively. During the six months ended October 31, 2022 and 2021, we had net loss of $29,609 and $53,183, respectively.

~~Liquidity and Capital Resources~~10

~~At July~~Liquidity ~~31, 2022, we did not have any cash, while, we had liabilities of $154,708,~~ and ~~had a working capital deficit of $154,708.~~Capital We expect to incur continued losses during the remainder of fiscal 2023, possibly even longer. We expect to require working capital of approximately $50,000 over the next 12 months to meet our financial obligations.Resources

~~We are~~At aOctober ~~shell~~31, ~~company~~2022, we ~~with~~did nonot ~~revenue~~have ~~generating~~any ~~activities. We anticipate that our operating activities will generate negative net~~ cash ~~flow~~, ~~during~~while, ~~the~~we ~~remaining~~had ~~fiscal~~liabilities ~~year~~ of ~~2023.~~$168,122, ~~The~~and ~~success~~had ofa ~~our~~working ~~business~~capital ~~plan is dependent upon the availability~~ deficit of $168,122. ~~additional~~We ~~capital resources~~expect ~~on terms satisfactory~~ to ~~management as we are not generating sufficient revenues from our business operations. Our sources~~ ofincur ~~capital~~continued inlosses ~~the~~during ~~past have included~~ the ~~sale~~remainder of ~~equity~~fiscal ~~securities~~2023, ~~which~~possibly ~~include~~even ~~common stock sold in private transactions and stockholder advances~~longer. ~~There~~We ~~can~~expect beto norequire ~~assurance~~working ~~that we can raise such additional~~ capital ~~resources~~of ~~on satisfactory terms. We believe that our current~~approximately ~~cash~~$50,000 ~~and~~over ~~other sources of liquidity discussed above are adequate to support operations for at least~~ the next 12 months. ~~We anticipate continuing~~ to ~~rely~~meet ~~on equity sales of~~ our ~~common~~financial ~~shares and shareholder advances in order to continue to fund our business operations~~obligations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our plan of operations.

~~Off-Balance~~We are a shell company ~~Sheet~~with ~~Arrangements~~no revenue generating activities. We anticipate that our operating activities will generate negative net cash flow during the remaining fiscal year of 2023. The success of our business plan is dependent upon the availability of additional capital resources on terms satisfactory to management as we are not generating sufficient revenues from our business operations. Our sources of capital in the past have included the sale of equity securities, which include common stock sold in private transactions and stockholder advances. There can be no assurance that we can raise such additional capital resources on satisfactory terms. We believe that our current cash and other sources of liquidity discussed above are adequate to support operations for at least the next 12 months. We anticipate continuing to rely on equity sales of our common shares and shareholder advances in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our plan of operations.

~~As of July 31, 2022, we did not have any transactions, agreements or other contractual arrangements that constitute off~~Off-~~balance~~Balance ~~sheet arrangements.~~Sheet Arrangements

10As of October 31, 2022, we did not have any transactions, agreements or other contractual arrangements that constitute off-balance sheet arrangements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

This Item is not applicable because we are a “smaller reporting company,” as defined by applicable SEC regulation.

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 Securities Exchange Act reports 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 our management, including our principal executive and financial officers, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, we recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours are designed to do, and we necessarily were required to apply our judgment in evaluating the cost-benefit relationship of possible changes or additions to our controls and procedures.

As of ~~July~~October 31, 2022, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934. Based upon that evaluation, our management concluded that (i) there are material weaknesses in the Company’s internal controls over financial reporting, that the weaknesses constitute a “deficiency” which could result in misstatements of the foregoing accounts and disclosures that could result in a material misstatement to the financial statements for the period covered by this report that would not be detected, and (ii) accordingly, our disclosure controls and procedures were not be effective as of ~~July~~October 31, 2022.

Changes in Internal Control Over Financial Reporting.

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

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not currently a party to any lawsuit or proceeding which, in the opinion of management, is likely to have a material adverse effect on us or our business.

ITEM 1A. RISK FACTORS

This Item is not applicable because we are a “smaller reporting company,” as defined by applicable SEC regulations.

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~~12

31.1*		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes Oxley Act
31.2*		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes Oxley Act
32.1**		Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act
32.2**		Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act
101.INS*		Inline XBRL Instance Document.
101.SCH*		Inline XBRL Taxonomy Extension Schema Document.
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

ITEM 6. EXHIBITS

*	Filed herewith.
31.1*		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes Oxley Act
**	The certification attached as Exhibits 32.1 and 32.2 accompanying this quarterly report on Form 10-Q pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, shall not be deemed “filed” by the Registrant for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
31.2*		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes Oxley Act
32.1**		Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act
32.2**		Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act
101.INS*		Inline XBRL Instance Document.
101.SCH*		Inline XBRL Taxonomy Extension Schema Document.
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

*	Filed herewith.
**	The certification attached as Exhibits 32.1 and 32.2 accompanying this quarterly report on Form 10-Q pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, shall not be deemed “filed” by the Registrant for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

~~SIGNATURES~~13

~~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 hereunto duly authorized.~~SIGNATURES

	Liaoning Shuiyun Qinghe Rice Industry Co., Ltd.
	(Registrant)
Date: September 14, 2022	By:	/s/ Baobing He
		Baobing He
		Chief Executive Officer (Principal Executive Officer)
Date: September 14, 2022	By:	/s/ Weiming Cui
		Weiming Cui
		Chief Financial Officer (Principal Financial and Accounting Officer)

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 hereunto duly authorized.

	Liaoning Shuiyun Qinghe Rice Industry Co., Ltd.
	(Registrant)

Date: December 20, 2022	By:	/s/ Baobing He
		Baobing He
		Chief Executive Officer (Principal Executive Officer)

Date: December 20, 2022	By:	/s/ Weiming Cui
		Weiming Cui
		Chief Financial Officer (Principal Financial and Accounting Officer)

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Filing Compare · Liaoning Shuiyun Qinghe Rice Industry Co., Ltd.