Shareholders' Equity	6 Months Ended
Sep. 30, 2020
Shareholders' Equity
Note 7. Shareholders' Equity	Note 7. Shareholders’ Equity Authorized Stock On June 12, 2020, the Company filed a Certificate of Amendment with the Nevada Secretary of State to reflect the foregoing increase in authorized shares of Common Stock to 375,000,000 shares (the “Increase in Authorized”). The Increase in Authorized was effective with the Nevada Secretary of State on June 12, 2020 when the Certificate of Amendment was filed. Common Share Issuances As of December 31, 2018, the Company has issued a total of 3,500,000 common shares with par value. On March 5, 2019, the total of 3,500,000 common shares of the company were sold to Hamza Abid at the cash of $3,500. On May 21, 2019, the Company has issued a total of 1,500,000 common shares for the total proceeds of $22,500 to the 30 new shareholders. On March 3, 2020, there were 26,000,000 shares of common shares of the Company were issued to Hamza Abid at par value and the total outstanding shares has increased to 31,000,000 shares. On June 30, 2020, as a result of a private transaction, 29,500,000 shares of common stock of the Company were transferred to Wenjin Li. The consideration paid for the Shares, which represent approximately 95% of the issued and outstanding share capital of the Company on a fully-diluted basis, was $225,000. The source of the cash consideration for the Shares was personal funds of the new director. In connection with the transaction, the former director-Hamza Abid has released the Company from all debts owed of $60,945. Accordingly, the loan released has been classified as additional paid in capital of $60,945 as of June 30, 2020. As of September 30, 2020, the company has 375,000,000 authorized ordinary shares, and has issued 31,000,000 shares with par value of $0.001.

Shareholders' Equity

6 Months Ended

Sep. 30, 2020

Note 7. Shareholders’ Equity

Authorized Stock

On June 12, 2020, the Company filed a Certificate of Amendment with the Nevada Secretary of State to reflect the foregoing increase in authorized shares of Common Stock to 375,000,000 shares (the “Increase in Authorized”). The Increase in Authorized was effective with the Nevada Secretary of State on June 12, 2020 when the Certificate of Amendment was filed.

Common Share Issuances

As of December 31, 2018, the Company has issued a total of 3,500,000 common shares with par value. On March 5, 2019, the total of 3,500,000 common shares of the company were sold to Hamza Abid at the cash of $3,500. On May 21, 2019, the Company has issued a total of 1,500,000 common shares for the total proceeds of $22,500 to the 30 new shareholders.

On March 3, 2020, there were 26,000,000 shares of common shares of the Company were issued to Hamza Abid at par value and the total outstanding shares has increased to 31,000,000 shares.

On June 30, 2020, as a result of a private transaction, 29,500,000 shares of common stock of the Company were transferred to Wenjin Li. The consideration paid for the Shares, which represent approximately 95% of the issued and outstanding share capital of the Company on a fully-diluted basis, was $225,000.

The source of the cash consideration for the Shares was personal funds of the new director. In connection with the transaction, the former director-Hamza Abid has released the Company from all debts owed of $60,945. Accordingly, the loan released has been classified as additional paid in capital of $60,945 as of June 30, 2020.

As of September 30, 2020, the company has 375,000,000 authorized ordinary shares, and has issued 31,000,000 shares with par value of $0.001.

FHT Future Technology Ltd 10-Q