UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~December 3031, 2020

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

Commission file number: 333-230956

FHT FUTURE TECHNOLOGY LTD

(Formerly known as GHAR INC.)

(Exact name of registrant as specified in its charter)

Nevada		35-2649453
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

A1#303, Hang Kong Gudi Plaza, Huli District, Xiamen City, Fujian Province, China		89108
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: +86-18350283270

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 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 ☒ 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~~filer ☐ Smaller ~~Reporting~~reporting ~~Company~~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) of the Exchange Act. ☐☒

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

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of ~~December~~July 1421, ~~2020~~2021, the issuer had 324,500,000 shares of its common stock issued and outstanding.

Table of Contents

		Page
PART I
Item 1.	~~Condensed~~Consolidated Financial Statements	34
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	417
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	719
Item 4.	Controls and Procedures	719
PART II
Item 1.	Legal Proceedings	821
Item 1A.	Risk Factors	821
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	821
Item 3.	Defaults Upon Senior Securities	821
Item 4.	Mining Safety Disclosures	821
Item 5.	Other Information	821
Item 6.	Exhibits	922
	Signatures	1023

FORWARD LOOKING STATEMENTS

This quarterly report on Form 10-Q (“Report”), financial statements, and notes to financial statements contain forward-looking statements that discuss, among other things, future expectations and projections regarding future developments, operations, and financial conditions. Forward-looking statements may appear throughout this Report and other documents we file with the Securities and Exchange Commission (the “SEC”), including without limitation, the following section: Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Report.

Forward-looking statements generally can be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will be,” “will continue,” “may,” “could,” “will likely result,” and similar expressions. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from those reflected in the forward-looking statements. In addition, there is uncertainty about the spread of the Coronavirus Disease 2019 (“COVID-19”) and the impact it may have on the Company’s operations, the demand for the Company’s products or services, global supply chains, and economic activities in general. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Table of Contents

Part I - Financial Information

Item 1. Financial Statements

Contents

Condensed Consolidated Balance Sheets as of September 30, 2020 (unaudited) and March 31, 2020		F-1
Consolidated Balance Sheets (Unaudited)		5
Condensed Consolidated Statement of Operations for the three and six months ended September 30, 2020 and 2019 (unaudited)		F-2
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)		6
Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended September 30, 2020 and 2019 (unaudited)		F-3
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) (Unaudited)		7
Condensed Consolidated Statement of Cash Flows for the six months ended September 30, 2020 and 2019 (unaudited)		F-4
Consolidated Statements of Cash Flows (Unaudited)		8
Notes to Condensed Consolidated Financial Statements (unaudited)		F-5
Notes to Unaudited Consolidated Financial Statements		9

34 Table of Contents

FHT Future Technology Ltd

(Formerly Known as Ghar Inc.)

~~Condensed~~ Consolidated Balance Sheets

	September 30, 2020			March 31,2020
	December 31, 2020			March 31,2020
	(unaudited)
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	399		$	5,306
Cash and cash equivalents	$	10,662		$	5,306
Prepaid expenses		544,390			-
Account receivables		889,516			-
Other receivables		303			-
Due from related parties		130,634			-
Total current assets		545,092			5,306
Prepaid expenses		104,210			-
NON-CURRENT ASSET
Prepaid expenses – related party		16,083			-
Property and equipment, net		2,307			-
Inventories		1,079,862			-
Total non-current asset		2,307			-
Other receivables		6,864			-
TOTAL ASSETS	$	547,399		$	5,306
Total current assets		2,237,831			5,306
LIABILITIES AND STOCKHOLDERS’ DEFICIT
NON-CURRENT ASSETS
Property and equipment, net		3,187			-
Total non-current assets		3,187			-
TOTAL ASSETS	$	2,241,018		$	5,306
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Accrued expenses	$	40,849		$	-
Account payables	$	1,630,815		$	-
Related party payables		1,193			-
Accrued expenses		94,100			-
Customer deposits		246,051			-
Income tax payable		24,564			-
Due to related party		-			63,245
Due to related parties		21,766			63,245
Total current liabilities		288,093			63,245
Deferred revenue		25,101			-
TOTAL LIABILITIES		288,093			63,245
Total current liabilities		1,796,346			63,245
STOCKHOLDERS’ DEFICIT
TOTAL LIABILITIES		1,796,346			63,245
Common stock; $0.001 par value, authorized: 375,000,000 shares. 31,000,000 shares and 31,000,000 shares issued and outstanding, respectively
STOCKHOLDERS’ EQUITY (DEFICIT)
Issued and outstanding as of September 30, 2020 and March 31, 2020 respectively		31,000			31,000
Common stock: $0.001 par value, authorized: 375,000,000 shares. 324,500,000 and 31,000,000 shares issued and outstanding as of December 31, 2020 and March 31, 2020, respectively		324,500			31,000
Additional paid-in capital		89,445			28,500
Share to be issued		296,245			-
Retained earnings (Accumulated deficit)		5,653			(117,439	)
Accumulated other comprehensive loss		(95	)		-
Accumulated other comprehensive income		25,074			-
Accumulated deficit		(157,289	)		(117,439	)
Total stockholders’ equity (deficit)		444,672			(57,939	)
Total stockholders’ equity (deficit)		259,306			(57,939	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	2,241,018		$	5,306
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	547,399		$	5,306

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

~~F-1~~5 Table of Contents

FHT Future Technology Ltd

(Formerly Known as Ghar Inc.)

~~Condensed~~ Consolidated ~~Statement~~Statements of Operations and Comprehensive Income (Loss) (Unaudited)

(unaudited)

	Three Months Ended					Nine Months Ended
	December 31					December 31
	2020		2019			2020		2019

Revenues	$	1,570,549	$	-		$	1,570,549	$	-
Cost of Revenues		1,207,073		-			1,207,073		-

Gross Profit		363,476		-			363,476		-

Operating Expenses
Selling, general and administrative expenses		180,009		48,625			216,047		83,706

Income (loss) from operations		183,467		(48,625	)		147,429		(83,706	)

Net income (loss) before tax		183,467		(48,625	)		147,429		(83,706	)
Income tax expenses		24,337		-			24,336		-

Net Income (Loss)	$	159,130	$	(48,625	)	$	123,093	$	(83,706	)

Comprehensive loss
Income (loss)		159,130		(48,625	)		123,093		(83,706	)
Other comprehensive income
Foreign currency translation adjustment		16,781		-			25,074		-
Total Comprehensive Income (Loss)	$	175,911	$	(48,625	)	$	148,167	$	(83,706	)

Income (loss) per common stock, basic and diluted	$	0.00	$	(0.01	)	$	0.00	$	(0.02	)

Weighted-average shares outstanding, basic and diluted		323,704,348		5,000,000			142,702,619		4,285,636

	For the Three monthsendedSeptember 30,2020			For the Three MonthsEndedSeptember 30,2019			For the SixMonthsEndedSeptember 30,2020			For the SixMonthsEndedSeptember 30,2019
REVENUE	$	-			-			-			-
OPERATING EXPENSES
General and administrative expense		36,850			31,611			39,850			35,081
TOTAL OPERATING EXPENSES		36,850			31,611			39,850			35,081
Net loss from operation		(36,850	)		31,611			(39,850	)		(35,081	)
Loss before income tax		(36,850	)		(31,611	)		(39,850	)		(35,081	)
Provision for income taxes								-
NET INCOME (LOSS)		(36,850	)		(31,611	)		(39,850	)		(35,081	)
Foreign currency translation adjustment		(95	)		-			(95	)		-
Total comprehensive Income (Loss)		(36,945	)		(31,611	)		(39,945	)		-
BASIC AND DILUTED NET LOSS PER COMMON SHARE		(0.00	)		(0.00	)		(0.00	)		(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED		31,000,000			4,396,164			31,000,000			3,926,505

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

~~The~~6 ~~accompanying~~Table ~~notes are an integral part~~ of ~~these unaudited condensed consolidated financial statements~~Contents

F-2 Table of Contents

FHT Future Technology Ltd

(Formerly Known as Ghar Inc.)

~~Condensed~~ Consolidated Statements of Changes in Stockholders’ Equity (Deficit)

~~Three and Six Months Period Ended September 30, 2020 and 2019~~(Unaudited)

Six months period ended September 30, 2020 and 2019

	Common Stock				Additional					Accumulated Other Comprehensive		Total Stockholders’
	Shares		Amount		Paid-in Capital		Accumulated Deficit			Income (Loss)		Equity (Deficit)
Balance - March 31, 2019		3,500,000	$	3,500	$	-	$	(1,106	)	$	-	$	2,394
Net loss		-		-		-		(3,470	)		-		(3,470	)
Balance - June 30, 2019		3,500,000	$	3,500	$	-	$	(4,576	)	$	-	$	(1,076	)
Issuance of shares		1,500,000		1,500		28,500		-			-		30,000
Net loss		-		-		-		(31,611	)		-		(31,611	)
Balance - September 30, 2019		5,000,000	$	5,000	$	28,500	$	(36,187	)	$	-	$	(2,687	)
Net loss		-		-		-		(48,625	)		-		(48,625	)
Balance – December 31, 2019		5,000,000	$	5,000	$	28,500	$	(84,812	)	$	-	$	(51,312	)

(unaudited)

	Common Stock				Additional					Accumulated Other comprehensive		Total Stockholders’
	Shares		Amount		Paid-in Capital		Accumulated Deficit			income/ (loss)		Equity (Deficit)
Balance - March 31, 2020		31,000,000	$	31,000	$	28,500	$	(117,439	)	$	-	$	(57,939	)
Related party payable forgiveness		-		-		60,945		-			-		60,945
Net loss		-		-		-		(3,000	)		-		(3,000	)
Balance - June 30, 2020		31,000,000	$	31,000	$	89,445	$	(120,439	)	$	-	$	6
Issuance of shares		287,400,000		287,400		-		-			-		287,400
Net loss		-		-		-		(33,038	)		-		(33,038	)
Foreign currency translation adjustment		-		-		-		-			8,293		8,293
Balance - September 30, 2020 (Restated)		318,400,000	$	318,400	$	89,445	$	(153,477	)	$	8,293	$	262,661
Issuance of shares		6,100,000		6,100									6,100
Net income		-		-		-		159,130			-		159,130
Foreign currency translation adjustment		-		-		-		-			16,781		16,781
Balance – December 31, 2020		324,500,000	$	324,500	$	89,445	$	5,653		$	25,074	$	444,672

	Common Stock				Share to be issuedCommon		Additional Paid- In		Accumulated Other Comprehensive			Accumulated			TotalStockholders’
	Shares		Par Value		stock		Capital		Loss			Deficit			Deficit
Balance - March 31, 2020		31,000,000	$	31,000	$	-	$	28,500				$	(117,439	)	$	(57,939	)
Forgiveness of related party payable								60,945								60,945
Share to be issued						296,245		-					-			296,245
Foreign currency translation adjustment		-		-		-		-		(95	)		-			(95	)
Net loss	−			-		-		-					(39,850	)		(39,850	)
Balance - September 30, 2020		31,000,000	$	31,000	$	296,245	$	89,445	$	(95	)	$	(157,289	)	$	259,306

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

	Common Stock				Preferred Stock				Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Par Value		Shares		Par Value		Capital		Deficit			Deficit
Balance – March 31, 2019		3,500,000	$	3,500		-	$	-	$	-	$	(1,106	)	$	2,394
Net loss		-		-		-		-		-		(3,470	)		(3,470	)
Balance – June 30, 2019		3,500,000		3,500		-		-		-		(4,576	)		(1,076	)
Issuance of shares		1,500,000		1,500		-		-		28,500		-			30,000
Net loss		-		-		-		-		-		(31,611	)		(31,611	)
Balance – September 30, 2019		5,000,000	$	5,000		-	$	-	$	28,500	$	(36,187	)	$	(2,687	)

Table of Contents

Three months period ended September 30, 2020 and 2019

(unaudited)

	Common Stock				Share to be issuedCommon		Additional Paid- In		Accumulated Other Comprehensive			Accumulated			TotalStockholders’
	Shares		Par Value		stock		Capital		Loss			Deficit			Deficit
Balance - June 30, 2020		31,000,000	$	31,000	$	-	$	89,445				$	(120,439	)	$	6
Share to be issued		-		-		296,245		-					-			296,245
Foreign currency translation adjustment		-		-		-		-		(95	)					(95	)
Net loss	−			-		-		-					(36,850	)		(36,850	)
Balance - September 30, 2020		31,000,000	$	31,000	$	296,245	$	89,445	$	(95	)	$	(157,289	)	$	259,306

	Common Stock				Preferred Stock				Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Par Value		Shares		Par Value		Capital		Deficit			Deficit
Balance – June 30, 2019		3,500,000	$	3,500		-	$	-	$	-	$	(4,576	)	$	(1,076	)
Issuance of shares		1,500,000		1,500		-		-		28,500		-			30,000
Net loss		-		-		-		-		-		(31,611	)		(31,611	)
Balance – September 30, 2019		5,000,000	$	5,000		-	$	-	$	28,500	$	(36,187	)	$	(2,687	)

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

F-3 Table of Contents

FHT Future Technology Ltd

(Formerly Known as Ghar Inc.)

~~Condensed~~ Consolidated ~~Statement~~Statements of Cash Flows

(~~unaudited~~Unaudited)

	For the SixMonths Ended September 30,2020			For the SixMonths Ended September 30,2019
	For the Nine Months Ended December 31, 2020			For the Nine Months Ended December 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(39,850	)		(35,081	)
Net income (loss)	$	123,093		$	(83,706	)
Adjustments to reconcile net loss to net cash used in operating activities:
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Forgiveness of related party payable		60,945			-
Depreciation expense		220			-
		-			-
Changes in operating assets and liabilities:
Increase in prepaid expenses		(543,127	)		-
Accounts receivables		(856,153	)		-
Increase in other receivables		(45	)		-
Prepaid expenses		(100,302	)		2,750
Increase in accrued liabilities		40,743			2,750
Prepaid expenses - related party		(15,480	)		-
Increase in customer deposits		245,366			-
Due from related parties		(129,485	)		-
Net cash used in operating activities		(235,968	)		(32,331	)
Inventories		(1,039,361	)		-
CASH FLOWS FROM INVESTING ACTIVITY:
Other receivables		(831	)		-
Purchase of property and equipment		(2,300	)		-
Account payables		1,569,650			-
Accrued expenses		93,383			-
Deferred revenue		24,160			-
Income tax payable		24,336			-
Net cash used in operating activities		(306,770	)		(80,956	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(3,287	)		-
Net cash used in investing activities:		(3,287	)		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock		-287,500			30,000
Proceeds from shares to be issued		296,245
Advance from related party		20,949			49,737
Advance from related party		1,193			575
Repayment to related party		(2,300	)		-
Repayment to related party		(63,245	)		-
Net cash provided by financing activities		306,149			79,737
Net cash provided by financing activities		234,193			30,575
EFFECT OF EXCHANGE RATE CHANGE IN CASH AND CASH EQUIVALENTS		9,264			-
Effect of exchange rate changes on cash		(832	)		-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		5,356			(1,219	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(4,907	)		1,794
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD		5,306			1,232
CASH AND CASH EQUIVALENTS - END OF PERIOD	$	~~399~~10,662		$	~~3,008~~13
NON-CASH INVESTING AND FINANCING TRANSACTION
Issuance of shares	$	6,000		$	-
Forgiveness of related party payable	$	60,945		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

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

~~F-4~~8 Table of Contents

FHT Future Technology Ltd

(Formerly Known as Ghar Inc.)

Notes to Consolidated Financial Statements

~~September~~December 3031, 2020

(~~unaudited~~Unaudited)

~~Note~~NOTE 1. ~~Background~~BACKGROUND ~~information~~INFORMATION

~~FHT Future Technology Ltd (Formerly Known as~~ Ghar Inc. (“GHAR”), was incorporated in the State of Nevada on December 11, 2018 and is located at 5348 Vegas Drive Las Vegas, NV, 89108. The company is in business of providing 95-110T Bitcoin mining machine, offering after-sales technical services and custodian services for bitcoin machines and its products. In addition, the company is also providing digital analysis and technical services via SHA256 techniques to customers. The Board believes that the Digital Analysis Service will provide the Group with the opportunity to leverage on its extensive experience in China Digital business. The Board also believes that it could expand the Group’s business scope, broaden income sources and enhance its financial performance, as well as in the interests of the Company and its shareholders.

On ~~June~~May 3028, 2020, as a result of a private transaction, 29,500,000 shares of common stock ~~(the “Shares”)~~ of ~~Ghar Inc. (the “Company”)~~GHAR, were transferred from ~~Custodian~~Hamza ~~Ventures~~Abid ~~LLC~~ to ~~Wenjin~~Custodian LiVentures ~~(the “Purchaser”)~~LLC. The consideration paid for the Shares, which represent approximately 95% of the issued and outstanding share capital of ~~the~~GHAR ~~Company~~ on a fully-diluted basis, was $~~225~~45,000. ~~The~~In ~~source~~connection ofwith the ~~cash~~transaction, ~~consideration~~Hamza ~~for~~Abid released the ~~Shares~~Company ~~was~~from ~~personal~~all ~~funds~~debts ofowed ~~the~~and ~~Purchaser.~~ceased Into ~~connection~~serve ~~with~~as GHAR’s President, Chief Executive Officer, Treasurer, Secretary and Director, and David Lazar consented to act as the ~~transaction~~new President, ~~Custodian~~CEO, ~~Ventures~~CFO, ~~LLC~~Treasurer, ~~released~~Secretary and sole director of the ~~Company~~Board ~~from~~of ~~all~~Directors ~~debts~~of ~~owed~~GHAR effective June 1, 2020.

~~Upon~~On ~~the~~June ~~change~~30, of2020, ~~control~~as a result of ~~the~~a ~~Company~~private ~~and~~transaction, ~~the~~29,500,000 ~~execution~~shares of ~~the~~common ~~resignation~~stock byof MrGHAR were transferred from Custodian Ventures LLC to Wenjin Li. ~~David~~The ~~Lazar~~consideration paid for the Shares, which ~~occurred~~represents onapproximately ~~June~~95% ~~30,~~of ~~2020,~~ the ~~existing~~issued ~~director~~ and ~~officer~~outstanding ~~tendered~~share ~~his~~capital ~~resignation.~~of ~~Accordingly~~GHAR on a fully diluted basis, ~~David~~was ~~Lazar~~$225,000. ~~serving~~In asconnection with the ~~sole~~transaction, ~~director~~Custodian ~~and~~Ventures asLLC ~~the~~released ~~only~~GHAR ~~officer,~~from ~~will~~all ~~cease~~debts owed and David Lazar ceased to beserve ~~the~~as ~~Company~~GHAR’s President, Chief Executive Officer, Treasurer, Secretary and Director. ~~Also on June 30, 2020, Mr.~~ Wenjin Li consented to act as the new President, CEO, CFO, Treasurer, Secretary and sole director of the Board of Directors of GHAR. In addition, the ~~Company~~Board of Directors and majority shareholder of GHAR approved a name change of GHAR from Ghar Inc. to FHT Future Technology Ltd (“FHTF”), the name change became effective in July 2020.

~~On June 30, 2020, the Board of Directors and majority shareholder of the Company approved a name change of the Company from GHAR Inc. to FHT Future Technology Ltd (the “Name Change”).~~Reorganization

On ~~September~~June 288, 2020, ~~the board of director of~~ FHT Future Technology Pte Ltd ~~Inc. acquired a 100% interest in~~ (“FHT ~~Future (HK~~Singapore”) ~~Holdings~~was ~~Co.,~~incorporated ~~Limited,~~by aWenjin ~~Hong~~Li ~~Kong~~in ~~holding~~anticipation ~~company~~to ~~and~~conduct ~~together~~business ~~with~~in ~~its~~Singapore. ~~wholly~~On ~~owned~~June ~~PRC~~12, ~~subsidiary~~2020, ~~Xiamen~~FHT ~~ZhengheXingneng~~Future ~~Digital~~(HK) ~~Technology~~Holdings Co., Ltd (“~~Zhenghe~~FHT ~~Technology~~HK”) ~~. The consideration paid~~ was ~~one~~incorporated ~~hundred~~by ~~Hong~~a ~~Kong~~contracted ~~dollar to an~~ independent ~~third~~ party. ~~The~~on ~~purpose~~behalf of ~~the~~FHTF ~~acquisition~~solely ~~was~~for ~~to enable~~ the ~~company~~purpose toof ~~conduct~~being ~~future~~acquired ~~computing~~by ~~solution services operations in Hong Kong and China~~FHTF. ~~As of September 30~~Subsequently, ~~2020,~~FHT ~~The~~HK ~~company~~established ~~has~~new ~~commenced~~PRC ~~in the business of providing 95-110T Bitcoin mining machine~~subsidiary, ~~offering~~Xiamen ~~after-sales~~Zhenghe ~~technical~~Xin ~~services~~Neng ~~and custodian services for bitcoin machines. In addition, the company is also providing digital analysis and technical services via SHA256 techniques to customers. The Board believes that the~~ Digital ~~Analysis~~Technology ~~Service~~Co ~~will~~Ltd ~~provide~~(“Zhenghe ~~the~~Xin ~~Group~~Neng”) ~~with the opportunity to leverage~~ on ~~its~~July ~~extensive experience in China Digital business. As of September~~6, ~~30,~~ 2020~~, the Company is no longer considered a “shell company” as defined in Rule 12b-2 under the Exchange Act~~.

~~Note~~On 2July 23, 2020, FHTF acquired 100% ownership interest in FHT Singapore at the consideration of one Singapore Dollar from Wenjin Li. ~~Going~~On ~~concern~~September 28, 2020, FHTF completed its acquisition of FHT HK together with its wholly owned PRC subsidiary, at the consideration of one hundred Hong Kong dollar respectively from the contracted independent party (the “Reorganization”).

~~The~~Immediately ~~accompanying~~before ~~financial~~and ~~statements~~after ~~have been prepared assuming that~~ the ~~company will continue as a going concern~~Reorganization, ~~which contemplates~~ the ~~realization~~stockholders of ~~assets~~FHTF ~~and~~effectively ~~the~~controlled ~~satisfaction~~FHTF, ofFHT ~~liabilities~~Singapore inand ~~the~~FHT ~~normal~~HK, ~~course~~together ofwith ~~business.~~its Aswholly ofowned ~~September~~PRC 30subsidiary (collectively, ~~2020~~ the ~~company has not generated any revenues from operations~~“Company”). ~~These factors~~Therefore, ~~among~~for ~~others~~accounting purpose, ~~raise substantial doubt about~~ the ~~ability~~Reorganization ofis ~~the~~accounted ~~company~~for ~~to continue~~ as a ~~going~~transaction ~~concern for a reasonable period~~ of ~~time.~~entities ~~The~~under ~~company’s~~common ~~continuation as a going concern is dependent upon the company’s ability to begin operations and to achieve a level of profitability~~control. ~~The~~Accordingly, ~~company intends on financing its future development activities and its working capital needs largely from~~ the ~~sale~~accompanying ofconsolidated public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements ofhave ~~the~~been ~~company~~prepared doas ~~not~~if ~~include any adjustments relating to~~ the ~~recoverability~~current ~~and~~corporate ~~classification~~structure ofhad ~~recorded~~been ~~assets,~~in orexistence ~~the~~throughout ~~amounts and classifications of liabilities that might be necessary should~~ the ~~company~~periods ~~be unable to continue as a going concern~~presented.

~~Note~~In 3November 2020, Xiamen Zhenghe Zhi Fang Digital Technology Co., ~~Summary~~Ltd. (“Zhenghe Zhi Fang”) and Xiamen Zhenghe Hui Chong Technology Co., Ltd. (“Zhenghe Hui Chong”) were incorporated in PRC as wholly owned subsidiaries of ~~significant~~Zhenghe ~~accounting~~Xin ~~policies~~Neng.

The ~~results~~Company ~~for~~has commenced its operation during the ~~six~~ ~~months~~quarter ended ~~September~~December 3031, 2020 ~~are~~to ~~not~~conduct ~~necessarily~~business ~~indicative~~ of ~~the~~selling ~~results~~cryptocurrencies ofmining ~~operations~~machine ~~for the full year. These financial statements~~ and ~~related~~providing ~~footnotes~~technical ~~should~~services bethrough ~~read~~its in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 filed with the Securities and Exchange Commissionsubsidiaries.

The accompanying ~~condensed~~unaudited consolidated financial statements of the Company have been prepared byin accordance with the ~~Company~~rules ~~without~~and ~~audit~~regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. In the opinion of the management of the Company, all adjustments, (which ~~include~~are ~~only~~of a normal recurring ~~adjustments)~~nature, necessary tofor ~~present~~a ~~fairly~~fair statement of the ~~financial~~results ~~position~~for the nine months ended December 31, 2020, have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of ~~operations~~America has been omitted from these statements pursuant to such accounting principles and, accordingly, they do not include all the information and ~~cash~~notes ~~flows~~necessary atfor ~~September~~comprehensive ~~30,~~financial ~~2020~~statements and should be read in conjunction with our consolidated financial statements for the ~~related~~year ~~periods~~ended ~~presented.~~March 31, 2020, included in our Form 10-K.

~~F-5~~9 Table of Contents

~~Basis~~NOTE of2. ~~Presentation~~GOING CONCERN

The ~~consolidated~~Company ~~financial~~has ~~statements~~generated ~~have~~negative ~~been~~cash ~~prepared~~flow infrom ~~accordance~~operation ~~with~~for ~~generally~~the ~~accepted~~nine ~~accounting~~months ~~principles~~ended inDecember ~~the~~31, ~~United~~2020 ~~States~~and did not have a significant working capital as of ~~America~~December ~~(“GAAP”)~~31, 2020. The ~~consolidated~~Company ~~financial~~has ~~statements~~commenced ~~include~~operation during the ~~financial~~three ~~statements~~months ended December 31, 2020 and the management is currently not able to reasonably estimate whether the current scale of operation is able to provide the Company ~~and~~sufficient ~~its~~capital ~~subsidiaries~~to pay off all expenses without further funding for the foreseeable future. ~~All~~These ~~significant~~factors, ~~inter-company~~among ~~transactions~~others, raises substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company intends on financing its future development activities and ~~balances~~its working capital needs largely from the sale of public equity securities with additional funding from other traditional financing sources, such as advances from owners, until such time that funds provided by operations are sufficient to fund working capital requirements. The accompanying consolidated financial statements have been ~~eliminated~~prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in ~~consolidation~~the ordinary course of business.

~~The~~NOTE ~~condensed consolidated financial statements of the Company as of and for the six months ended September 30, 2020 and 2019 are unaudited~~3. InSUMMARY ~~the~~OF ~~opinion~~SIGNIFICANT ofACCOUNTING ~~management,~~POLICIES all adjustments (including normal recurring adjustments) that have been made are necessary to fairly present the financial position of the Company as of September 30, 2020, the results of its operations for the six months ended September 30, 2020 and 2019, and its cash flows for the six months ended September 30, 2020 and 2019. Operating results for the interim periods presented are not necessarily indicative of the results to be expected for a full fiscal year. The balance sheet as of March 31, 2020 has been derived from the Company’s audited financial statements included in the Form 10-K for the year ended March 31, 2020.

~~The~~Basis ~~statements~~of ~~and~~Presentation ~~related notes have been prepared pursuant to the rules~~ and ~~regulations~~Principals of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and other information included in the Company’s Annual Report on Form 10-K as filed with the SEC for the fiscal year ended March 31, 2020.Consolidation

AsThe ofaccompanying ~~September~~financial ~~30,~~statements ~~2020,~~have ~~the~~been ~~details~~prepared ofin conformity with accounting principles generally accepted in the ~~consolidating~~United ~~subsidiaries~~States ~~are~~of asAmerica ~~follows:~~(“GAAP”).

	Place of	Attributable
Name of Company	incorporation	equity interest %
FHT Future (HK) Holdings Co., Limited (“FHTHK”)	Hong Kong		100	%
Xiamen Zhenghe Xing Neng Digital Technology Co., Ltd. (“Zhenghe Technology”)	P.R.C.		100	%

The consolidated financial statements include the accounts of the Company and its subsidiaries. Inter-company accounts and transactions have been eliminated.

Nature of Operations

FHT Future Technology Ltd. (the “Company” or or “We’ or “Us”) is a Nevada corporation incorporated on December 11, 2018. The Company is an investment holding company that formed as a Nevada corporation to use as a vehicle for raising equity outside the US.

As of September 30, 2020, the nature operation of its subsidiaries are as follows:

Place of Nature of Name of Company incorporation operation FHT Future (HK) Holdings Co., Limited (“FHTHK”) Hong Kong Investment holding company Xiamen Zhenghe Xing Neng Digital Technology Co., Ltd. (“Zhenghe Technology”) P.R.C. Providing of Bitcoin machine services, offering after-sales technical services and custodian services and digital analysis and technical services

Use of estimates

The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Start-Up Costs

In accordance with ASC 720, “ Start-up Costs”, the company expenses all costs incurred in connection with the start-up and organization of the company.

Cash

Cash includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The carrying amounts reported in the accompanying unaudited condensed consolidated balance sheets for cash and cash equivalents approximate their fair value. All of the Company’s cash that is held in bank accounts in PRC is not protected by Federal Deposit Insurance Corporation (“FDIC”) insurance or any other similar insurance in the PRC.

Fair Value Measurements

The ~~company~~Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The ~~estimated~~ fair value measurements of ~~certain~~ financial ~~instruments,~~assets ~~including~~and ~~cash~~financial liabilities and ~~cash~~for ~~equivalents~~of nonfinancial items that are ~~carried~~recognized or disclosed at ~~historical~~fair ~~cost~~value in the financial statements on a recurring basis. Additionally, ~~which~~the ~~approximates~~Company ~~their~~adopted guidance for fair ~~values~~value ~~because~~measurement ofrelated to nonfinancial items that are recognized and disclosed at fair value in the ~~short-term~~financial ~~nature~~statements ofon ~~these~~a ~~instruments~~nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.

Table of Contents

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

Level 1 - quoted prices in active markets for identical assets or liabilities

Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

~~The~~Financial ~~company~~instruments ~~has~~included noin current assets orand current liabilities ~~valued~~except for due to related parties are reported in the consolidated balance sheets at face value or cost, which approximate fair value onbecause aof ~~recurring~~the ~~basis~~short period of time between the origination of such instruments and their expected realization and their current market rates of interest.

~~F-6~~Use ~~Table~~ of ~~Contents~~Estimates

~~Concentrations~~The preparation of ~~Credit~~financial ~~Risks~~statements in conformity with GAAP 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 of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include going concern and write-down in value of inventory, and allowance for credit losses.

The company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The company places its cash with financial institutions of high credit worthiness. At times, its cash with a particular financial institution may exceed any applicable government insurance limits. The company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.Reclassification

~~Foreign~~Certain ~~currency~~prior ~~translation~~period amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and ~~transactions~~financial position.

~~For~~Foreign ~~the~~Currency period ended September 30, 2020, the Company’s principal country of operations is the PRC. The accompanying consolidated financial statements are presented in US$. The functional currency of the Company is US$, and the functional currency of the Company’s subsidiaries is RMB. The consolidated financial statements are translated into US$ from RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The resulting translation adjustments are recorded as a component of shareholders’ equity included in other comprehensive income. Gains and losses from foreign currency transactions are included in profit or loss.Translation

	As of
	September 30, 2020		December 31, 2019
RMB: US$ exchange rate		6.79		7.00

The accompanying consolidated financial statements are presented in United States dollar (“$”), which is the reporting currency of the Company. The functional currency of FHTF is United States dollar. The functional currency of FHT Singapore is Singapore dollar (“S$”), the functional currency of FHT HK is Hong Kong Dollar (“HK$) and the functional currency of the Company’s subsidiary located in the PRC is Renminbi (“RMB”). Given the exchange rate of the Hong Kong dollar to the U.S. dollar has remained close to the current pegged rate of HKD7.80=$1.00 since 1983, management does not expect significant foreign exchange gains or losses between the two currencies, therefore the Company chose to use simple translation method to translate all assets and liabilities, revenues and expenses and equity at the exchange rate of 7.80. For the subsidiaries whose functional currencies are RMB and S$, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the unified exchange rate at the end of the period, and equity is translated at historical exchange rates. The resulting translation adjustments are included in determining other comprehensive income.

	Nine months ended September 30,
	2020		2019
RMB: US$ exchange rate		6.81		7.05

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~~The~~Cash ~~RMB is not freely convertible into foreign currency~~ and ~~all~~Cash foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.Equivalents

~~The~~Cash ~~balance~~and ~~sheet~~cash ~~amounts,~~equivalents ~~with~~include ~~the~~cash ~~exception~~in ~~of equity~~banks, ~~September~~money ~~30,~~market ~~2020 and December 31~~funds, ~~2019 were translated at 6.79 RMB~~ and ~~7.00~~certificates ~~RMB~~of toterm ~~$1.00,~~deposits ~~respectively.~~with ~~The~~maturities ~~equity accounts were stated at their historical rates. The average translation rates applied to statements~~ of ~~operations~~less ~~and~~than ~~comprehensive~~three ~~income~~months ~~(loss)~~from ~~accounts for the period ended September 30~~inception, ~~2020~~which ~~and~~are ~~year~~readily ~~ended~~convertible ~~December 31, 2019 were 6.81 RMB and 7.05 RMB~~ to ~~$1.00,~~known ~~respectively.~~amounts ~~Cash~~of ~~flows~~cash ~~were also translated at average translation rates for the periods~~ and, ~~therefore~~which, ~~amounts~~in ~~reported on~~ the ~~statement~~opinion of ~~cash~~management, ~~flows~~are ~~would~~subject ~~not~~to ~~necessarily~~an ~~agree~~insignificant ~~with~~risk ~~changes~~of loss in ~~the corresponding balances on the consolidated balance sheet~~value.

~~Loss per Share~~Inventories

~~The company has adopted ASC 260~~Inventories, ~~“Earnings~~consisting ~~Per~~mainly ~~Share,” (“EPS”) which requires presentation~~ of ~~basic~~mining ~~and~~machines, ~~diluted~~accounted ~~EPS~~for onusing the ~~face~~weighted ofaverage ~~the income statement for all entities with complex capital structures~~method, ~~and~~are ~~requires~~valued aat ~~reconciliation of~~ the ~~numerator~~lower ~~and denominator~~ of ~~the~~cost ~~basic EPS computation to the numerator~~ and ~~denominator~~market ~~of the diluted EPS computation~~value. ~~In the accompanying financial statements, basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.~~

~~The~~As ~~company~~of ~~has~~December no31, ~~potentially~~2020, ~~dilutive~~substantially ~~securities,~~all ~~such~~of asthe ~~options~~Company’s orinventories ~~warrants,~~were ~~currently~~purchased ~~issued~~from ~~and~~one ~~outstanding~~vendor.

Revenue recognition

The Company has adopted ASC 606, Revenue from Contracts with Customers (Topic 606) for all periods presented. Consistent with the criteria of Topic 606, the Company recognizes revenues to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. Value-added tax that the Company collects concurrent with revenue-producing activities and is excluded from revenues. The Company determines revenues recognition through the following steps:

- Identification of the contract, or contracts, with a customer

- Identification of the performance obligations in the contract

- Determination of the transaction price

- Allocation of the transaction price to the performance obligations in the contract

- Recognition of revenue when (or as) we satisfy the performance obligation

Disaggregation of Revenues

	For the nine months ended December 31,
	2020

Mining Machine Sales	$	186,252
Technical Service		1,384,297
Total	$	1,570,549

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Nature of operation

The Company generates revenues primarily from the sale of cryptocurrency mining machines and related directly to customers, such as a business or individual engaged in cryptocurrency mining activities. The Company recognizes revenues at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or shipped to customers. For the sales arrangements, the Company generally requires payment upon issuance of invoices.

The Company also generate a small portion of revenue from services under separate contracts. Revenue from services include service fees for provide the application demand analysis and technical support for blockchain related courses to customer. Depending on the service content, revenue from service to the customer is recognized at a point in time when services are provided or in a period of time during the service period.

Contract asset and liability

Deferred revenue is recorded when consideration is received from a customer prior to the goods or service were delivered or provided. As of December 31, 2020, and March 31, 2020, the Company’s deferred revenue was $25,101 and nil respectively. During the nine months ended December 31, 2020, the Company recognized nil of deferred revenue in the opening balance.

The Company does not have any contract asset.

Segment Reporting

The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker has been identified as the chief executive officer of the Company who reviews financial information of separate operating segments based on GAAP. The chief operating decision maker now reviews results analyzed by customer. The Company has determined that it has only one operating segment.

Income (Loss) per Share

The Company has adopted ASC 260, “Earnings Per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statements for all entities with complex capital structures, and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Income Taxes

The ~~company~~Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The ~~company~~Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of ~~September~~December 3031, 2020 the ~~company~~Company did not have any amounts recorded pertaining to uncertain tax positions.

~~F-7~~13 Table of Contents

~~Note~~NOTE 4. ~~Prepaid~~INVENTORIES ~~expenses~~

As of ~~September~~December 3031, 2020 and March 31, ~~prepaid~~2020, ~~expenses~~inventories consist of the following:

	September 30,2020		March 31,2020
	December 31, 2020		March 31,2020
Bitcoin machines suppliers	$	529,665		-
Mining machines	$	1,079,862	$	-
Advertisement and promotion expenses		14,725		-
Total	$	1,079,862	$	-
	$	544,390		-

~~Prepayment~~NOTE of5. ~~bitcoin~~SHAREHOLDERS’ ~~machines~~EQUITY is related to the advance payments to suppliers in relation to the partial payment of bitcoin machines purchased from suppliers, the full purchase amount shall be payable to suppliers within 6 months from the date of Agreement.(DEFICIT)

Note 5. Accrued expenses

As of September 30, 2020, accrued expenses consist of the following:

	September 30,2020		March 31,2020
Accrued tax expenses	$	27,494		-
Accrued audit fee		3,000		-
Accrued staff payroll		10,355		-
	$	40,849		-

The Group’s PRC subsidiary is subject to the VAT tax rate of 13% of bitcoin machines’ advance payments from the customers.

Note 6. Customer Deposits

As of September 30, 2020, the customer deposits of $246,051 is related to the deposits from customers in relation to the selling of bitcoin machines to customers. The Company shall provide the bitcoin machines to customers in several batches within one year from the date of Agreement.

Note 7. Shareholders’ Equity

Authorized Stock

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

Common Share Issuances

AsSince ofinception December 3111, 2018, the Company has issued a total of 331,~~500~~000,000 common shares ~~with~~for ~~par value. On March 5, 2019, the~~ total ofproceeds ~~3,500,000 common shares~~ of ~~the company were sold to Hamza Abid at the cash of~~ $359,500. OnShares ~~May~~issued ~~21,~~and ~~2019,~~outstanding ~~the~~as ~~Company~~of ~~has~~March ~~issued~~31, a2020 ~~total~~are ~~of 1~~31,~~500,~~000 ~~common shares for the total proceeds of $22~~,~~500 to the 30 new shareholders~~000.

OnIn ~~March~~September 3, 2020, ~~there~~the ~~were~~Company 26entered into share purchase agreements with investors to issue a total of 293,~~000~~500,000 shares of common ~~shares~~stock for an aggregate proceed of $293,500. As of September 30, 2020, the Company ~~were~~has ~~issued~~received the proceeds of $287,400 to ~~Hamza~~purchase ~~Abid~~287,400,000 atshares ~~par~~of ~~value~~common stock and included the ~~total~~corresponding ~~outstanding~~shares in its consolidated balance sheet as if these shares were issued and outstanding on payment date as the Company has ~~increased~~received the proceeds and the subscribers already obtained title to ~~31,000,000~~those shares.

OnThe ~~June~~Company ~~30,~~registered ~~2020,~~the ~~as a result of a private transaction~~287, 29400,~~500,~~000 shares ofand ~~common~~issued ~~stock of~~ the ~~Company~~remaining ~~were~~6,100,000 ~~transferred~~shares toin ~~Wenjin~~October Li2020. ~~The~~During ~~consideration~~the ~~paid~~quarter ~~for~~ended ~~the~~December ~~Shares~~31, ~~which~~2020, ~~represent~~the ~~approximately~~Company ~~95%~~received proceeds of ~~the~~$100 ~~issued~~ and ~~outstanding~~included ~~share capital of~~ the ~~Company~~remaining onuncollected abalance ~~fully-diluted~~of ~~basis, was~~ $~~225~~6,000 in Other receivable.

~~The~~14 ~~source~~Table 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.Contents

AsNOTE of6 ~~September~~- ~~30,~~RELATED ~~2020,~~PARTY ~~the company has 375,000,000 authorized ordinary shares, and has issued 31,000,000 shares with par value of $0.001.~~TRANSACTIONS

~~Note~~As 8.of ~~Share~~December to31, be2020, ~~issued~~and March 31, ~~common~~2020, ~~stock~~the Company’s related party relationships and balances are as follows:

~~During~~Name of the ~~three~~related ~~months~~parties ~~ended~~Nature ~~September~~of ~~30,~~relationship ~~2020,~~Wenjin Li CEO and CFO of the Company ~~entered~~Hamza ~~into~~Abid ~~multiple~~Former ~~stock~~president ~~purchase~~of ~~agreements~~the toCompany ~~sell~~Ants ~~287,500,000~~Investment ~~shares~~Management Pte Ltd. Controlled by the CEO of ~~common~~the ~~stock~~Company toGreating 15Future ~~shareholders~~Info in& ~~total~~Tech ~~cash~~Co. Ltd. Significant owner of ~~$296~~the Company X Capital Investment Pte Ltd. Significant owner of the Company Xiamen Tixian Network Technology Co.,~~245~~ asLtd. Controlled by the legal representative of ~~September~~the 30Company Xiamen Chuangjian Future Information Technology Co., ~~2020~~Ltd. ~~All~~Controlled by the ~~shares~~management ~~were~~of ~~issued~~the inCompany ~~subsequent~~Hongliang atTong ~~October~~The 22legal representative of the Company Feiqubuke(Xiamen) Information Technology Co., ~~2020~~Ltd. Controlled by the CEO of the Company Xiamen Youfang Network Technology Co., Ltd. Controlled by the director of the Company

~~Note~~Due 9.from ~~Subsequent~~related ~~events~~parties:

On October 22, 2020, the Company issued additional 293,500,000 shares of common stock at the price of $0.001 per share to 16 new shareholders in October 2020. As of December 15, 2020, there were 324,500,000 shares of common stock outstanding.

	As of December 31, 2020		As of March 31, 2020
Xiamen Chuangjian Future Information Technology Co., Ltd.	$	7,659	$	-
Xiamen Tixian Network Technology Co., Ltd.		22,975		-
Wenjin Li		100,000		-
Total	$	130,634	$	-

~~F-8~~During ~~Table~~the nine months ended December 31, 2020, the Company prepaid Xiamen Chuangjian Future Information Technology Co., Ltd. and Xiamen Tixian Network Technology Co., Ltd. in the amount of ~~Contents~~$7,659 and $22,975 for an unperformed promotion service contract respectively. The ending balance was recorded in due from related parties as of December 31, 2020, and was recovered in July 2021.

During the nine months ended December 31, 2020, the Company paid $100,000 to Wenjin Li as a designated business advance regarding a technical service contract negotiated between the Company and Xiamen Youfang Network Technology Co., Ltd. The amount was paid to Xiamen Youfang Network Technology Co., Ltd. in January 2021.

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Prepaid expense – related party

		As of December 31, 2020				As of March 31, 2020
Xiamen Tixian Network Technology Co., Ltd.		$	16,083			$	-

The prepaid expense associated with Xiamen Tixian Network Technology Co., Ltd. pertains to promotion service subscribed by the Company. During the nine months ended December 31, 2020, promotion expense in the amount of $11,057 was recognized due to services performed by Xiamen Tixian Network Technology Co., Ltd. The ending balance of this related party prepayment was $16,083 as of December 31, 2020.

Due to related parties:

	As of December 31,		As of March 31,
	2020		2020

Wenjin Li	$	21,766	$	-
Hamza Abid		-		63,245
Total	$	21,766	$	63,245

Balance due to related parties primarily represents amount advanced from related parties. These advances are unsecured, interest-free and due on demand. During the nine months ended December 31, 2020, The Company repaid $2,300 to Hamza Abid, and Hamza Abid forgave the remaining balance of $60,945 as a result of change in control. See Note 1. The amount forgiven was recorded as an equity transaction.

During the nine months ended December 31, 2020, the Company rented office space from Wenjin, Li for free.

During the period ended December 31, 2020, the Company signed share purchase agreements with companies to issue shares for cash. The Company received share purchase proceeds as of December 31, 2020 except for a $6,000 other receivable and the shares were issued subsequently. The title of such shares is granted to the parties upon receipt of proceeds. See Note 5.

The following table presents the information regarding the information of share subscription during the period ended December 31, 2020:

	Number of shares		Amount
Ants Investment Management Pte Ltd.		130,489,600	$	130,490
Greating Future Info & Tech Co. Ltd.		75,000,000	$	75,000
X Capital Investment Pte Ltd.		42,000,000	$	42,000

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following information should be read in conjunction with our financial statements and related notes thereto included in Part I, Item 1, above. We also urge you to review and consider our disclosures describing various risks that may affect our business, which are set forth under the heading “Risk Factors,” below.

Forward Looking Statements

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

~~Plan of Operations~~Overview

~~The~~Ghar ~~company~~Inc. is(“GHAR”) ~~currently~~was incorporated in the ~~business~~State of ~~providing~~Nevada ~~95-110T~~on ~~Bitcoin~~December ~~mining machine~~11, ~~offering~~2018 ~~after-sales technical services~~ and ~~custodian services for bitcoin machines and its products. In addition, the company~~ is ~~also~~located ~~providing~~at ~~digital~~5348 ~~analysis~~Vegas ~~and~~Drive ~~technical~~Las services via SHA256 techniques to customers. The Board believes that the Digital Analysis Service will provide the Group with the opportunity to leverage on its extensive experience in China Digital business. The Board also believes that it could expand the Group’s business scopeVegas, ~~broaden income sources and enhance its financial performance~~NV, ~~as well as in the interests of the Company and its shareholders~~89108.

On ~~June~~May 3028, 2020, ~~our~~as ~~Board~~a result of ~~Directors~~a ~~and~~private ~~majority~~transaction, ~~shareholder~~29,500,000 ~~approved~~shares toof ~~change~~common ~~the~~stock ~~corporate~~of ~~name~~GHAR, were transferred from ~~GHAR~~Hamza ~~Inc.~~Abid to ~~FHT~~Custodian ~~Future~~Ventures ~~Technology~~LLC. ~~Ltd~~The (consideration paid for the ~~“Name~~Shares, ~~Change”)~~which ~~and~~represent toapproximately ~~change~~95% of the ~~trading~~issued ~~symbol~~and ~~from~~outstanding “share capital of GHAR” toon ~~“FHTF”~~a ~~(the~~fully-diluted ~~“Symbol~~basis, ~~Change”)~~was $45,000. ~~The~~In ~~Name~~connection ~~Change~~with ~~and~~the ~~Symbol~~transaction, ~~Change~~Hamza isAbid ~~currently~~released ~~pending~~the ~~approval~~Company from ~~Financial~~all ~~Industry~~debts ~~Regulatory~~owed ~~Authority~~and ~~(“FINRA”).~~ceased ~~While~~to ~~the~~serve ~~Certificate~~as ofGHAR’s ~~Amendment~~President, ~~became~~Chief ~~effective~~Executive ~~under~~Officer, ~~the~~Treasurer, ~~Nevada~~Secretary ~~state~~and ~~corporate~~Director, ~~law~~and onDavid ~~July~~Lazar 1,consented ~~2020,~~to act as the ~~Name~~new ~~Change~~President, ~~and~~CEO, ~~Symbol~~CFO, ~~Change~~Treasurer, ~~will~~Secretary ~~not~~and ~~become~~sole ~~effective~~director inof the ~~marketplace~~Board ~~until~~of ~~FINRA~~Directors ~~announces~~of anGHAR effective ~~date~~June 1, 2020.

4On ~~Table~~June 30, 2020, as a result of ~~Contents~~a private transaction, 29,500,000 shares of common stock of GHAR were transferred from Custodian Ventures LLC to Wenjin Li. The consideration paid for the Shares, which represents approximately 95% of the issued and outstanding share capital of GHAR on a fully diluted basis, was $225,000. In connection with the transaction, Custodian Ventures LLC released GHAR from all debts owed and David Lazar ceased to serve as GHAR’s President, Chief Executive Officer, Treasurer, Secretary and Director. Wenjin Li consented to act as the new President, CEO, CFO, Treasurer, Secretary and sole director of the Board of Directors of GHAR. In addition, the Board of Directors and majority shareholder of GHAR approved a name change of GHAR from Ghar Inc. to FHT Future Technology Ltd (“FHTF”), the name change became effective in July 2020.

~~Results of Operations for the Six Months Ended September 30, 2020~~Reorganization

	2020			2019
Revenue	$	-			-
General and Administrative Expense		(39,850	)		(35,081	)
Profit/ (Loss) from Operations		(39,850	)		(35,081	)
Other revenue		-			-
Net Profit/ (Loss) before income tax	$	(39,850	)		(35,081	)

On June 8, 2020, FHT Future Technology Pte Ltd (“FHT Singapore”) was incorporated by Mr. Wenjin Li in anticipation to conduct business in Singapore. On June 12, 2020, FHT Future (HK) Holdings Co., Ltd (“FHT HK”) was incorporated by a contracted independent party on behalf of FHTF solely for the purpose of being acquired by FHTF. Subsequently, FHT HK established new PRC subsidiary, Xiamen Zhenghe Xin Neng Digital Technology Co Ltd (“Zhenghe Xin Neng”) on July 6, 2020.

~~Revenues~~On July 23, 2020, FHTF acquired 100% ownership interest in FHT Singapore at the consideration of one Singapore Dollar from Wenjin Li. On September 28, 2020, FHTF completed its acquisition of FHT HK together with its wholly owned PRC subsidiary, at the consideration of one hundred Hong Kong dollar respectively from the contracted independent party (the “Reorganization”).

We17 ~~have~~Table ~~had~~of ~~no revenue since our inception on December 11, 2018.~~Contents

~~General~~Immediately before and ~~administrative~~after ~~expenses~~the Reorganization, the stockholders of FHTF effectively controlled FHTF, FHT Singapore and FHT HK, together with its wholly owned PRC subsidiary (collectively, the “Company”). Therefore, for accounting purpose, the Reorganization is accounted for as a transaction of entities under common control. Accordingly, the accompanying consolidated financial statements have been prepared as if the current corporate structure had been in existence throughout the periods presented.

~~There~~In ~~was~~November ~~operating expenses of $39~~2020,~~850~~ ~~for~~Xiamen ~~the~~Zhenghe ~~six~~Zhi ~~months~~Fang ~~ended~~Digital ~~September~~Technology 30Co., ~~2020,~~Ltd.(“Zhenghe ~~the~~Zhi ~~increase~~Fang”) isand ~~mainly~~Xiamen ~~due~~Zhenghe toHui ~~more~~Chong ~~operating~~Technology ~~cost of staff payroll~~Co., ~~company~~Ltd.(“Zhenghe ~~set~~Hui upChong”) ~~expenses, consulting fee and advertisement fees~~ were ~~incurred~~incorporated in the ~~new business operation in~~ PRC ~~during the period~~ as ~~compared~~wholly ~~with~~owned ~~the~~subsidiary ~~only former director’s salary~~ of ~~$35,081~~Zhenghe ~~were~~Xin ~~incurred in previous period~~Neng.

~~Net~~The ~~Loss~~Company has commenced its operation during the quarter ended December 31, 2020 to conduct business of selling cryptocurrencies mining machine and providing technical services through its subsidiaries.

~~There~~Results ~~is operating loss~~ of ~~$39,850~~Operations for ~~six months ended September 30, 2020,~~ the ~~increase~~Three inMonths ~~operating~~Ended ~~loss~~December ~~is mainly due to more operating cost of staff payroll~~31, company set up expenses, consulting fee and advertisement fees were incurred in the new business operation in PRC during the period as compared with the only former director’s salary of $35,081 were incurred in previous period. 2020

~~Results~~We ofstarted ~~Operations~~operations ~~for~~in the ~~Three~~quarter ~~Months~~ended ~~Ended~~December ~~September~~31, 302020, and our revenues during the three months ended December 31, 2020, were $1,570,549, and the cost of revenues was $1,207,073, as compared to nil and nil for the same period in 2019, respectively.

	2020			2019
Revenue	$	-			-
General and Administrative Expense		(36,850	)		(31,611	)
Profit/ (Loss) from Operations		(36,850	)		(31,611	)
Other revenue		-			-
Net Profit/ (Loss) before income tax	$	(36,850	)		(31,611	)

We recorded selling, general and administrative expenses of $180,009 for the three months ended December 31, 2020 as compared to $48,625 for the three months ended December 31, 2019. The increase is mainly associated with the selling operations commenced during the three months ended December 31, 2020.

~~Revenues~~We recorded net income of $159,130 for the three months ended December 31, 2020 as opposed to net loss of $48,625 for the three months ended December 31, 2019. The increase of income is mainly due to that we commenced operations and incurred revenues during the period.

WeResults ~~have~~of ~~had~~Operations nofor ~~revenue~~the ~~since~~Nine ~~our~~Months ~~inception~~Ended on December 1131, ~~2018.~~2020

~~General~~We started operations in quarter ended December 31, 2020, and ~~administrative~~our ~~expenses~~revenues during the nine months ended December 31, 2020, were $1,570,549, and the cost of revenues was $1,207,703, as compared to nil and nil for the same period in 2019, respectively.

~~There~~We ~~was~~recorded ~~operating~~selling, general and administrative expenses of $36216,~~850~~047 for the ~~three~~nine months ended ~~September~~December 3031, 2020, ~~the~~as ~~increase~~compared ~~is mainly due~~ to ~~more~~$83,706 ~~operating~~for ~~cost~~the ofnine ~~staff~~months ~~payroll,~~ended ~~company~~December ~~set up expenses~~31, ~~consulting~~2019. ~~fee~~The ~~and~~increase ~~advertisement~~is ~~fees~~mainly ~~were~~associated ~~incurred~~with in the ~~new~~selling ~~business~~operations ~~operation~~commenced ~~in PRC~~ during the ~~period~~three asmonths ~~compared~~ended ~~with~~December ~~the only former director’s salary of $~~31,~~611~~ ~~were incurred in previous period~~2020.

~~Net~~We ~~Loss~~recorded net income of $123,093 for the nine months ended December 31, 2020 as opposed to net loss of $83,706 for the nine months ended December 31, 2019. The increase of income is mainly due to that we commenced operations and incurred revenues during the period.

~~There~~18 isTable ~~operating loss~~ of $36,850 for three months ended September 30, 2020, the increase is mainly due to more operating cost of staff payroll, company set up expenses, consulting fee and advertisement fees were incurred in the new business operation in PRC during the period as compared with the only former director’s salary of $31,611 were incurred in previous period. Contents

Liquidity and Capital Resources

As ~~reflected~~of December 31, 2020, we had assets of $2,241,018, which consisted of current assets of $10,662 in ~~the~~cash, ~~accompanying~~$889,516 ~~financial~~in ~~statements~~account receivables, ~~the~~$130,634 ~~Company~~due ~~has~~from anrelated ~~accumulated~~parties, ~~deficit~~$104,210 ofin prepaid expenses, $~~157~~16,~~289~~083 atin ~~September~~prepaid 30expenses – related party, ~~2020~~$6,864 in other receivables, and $1,079,862 as inventory, and noncurrent asset of $3,187 as property and equipment. ~~This~~We ~~raises~~had ~~substantial~~liabilities ~~doubt~~of ~~about~~$1,796,346, ~~the~~which ~~Company’s~~consisted ~~ability~~of current liabilities of $1,630,815 in accounts payables, $94,100 in accrued expenses, $24,564 in income tax payables, $21,766 due to ~~continue~~related parties, and $25,101 as adeferred ~~going~~revenue. ~~concern~~We had retained earnings of $5,653.

WeAs ~~have~~of noMarch ~~assurance~~31, ~~that~~2020, ~~future~~we ~~financing~~had ~~will~~assets beof ~~available~~$5,306, towhich ~~us on acceptable terms. If financing~~ is ~~not~~cash ~~available~~and oncash ~~satisfactory terms~~equivalents, we ~~may~~had beliabilities ~~unable~~of ~~to continue~~$63,245, ~~develop~~which oris ~~expand~~due ~~our~~to ~~operations.~~related ~~Equity~~party ~~financing~~payables. ~~could~~We ~~result~~also inhad ~~additional~~an ~~dilution~~accumulated todeficit ~~existing~~of ~~shareholders~~$117,439.

5Our ~~Table~~primary source of ~~Contents~~liquidity historically has been equity contributions from our shareholders and borrowings, which have historically been sufficient to meet our working capital and capital expenditure requirements.

As of September 30, 2020, we had cash on hand of $399. The decrease is mainly due to the payment of PRC company operation costs, professional fee and repayment of director’s loan.

Operating activities

Our net cash used in operating activities is $235,969 during the period, the increase is mainly due to the several prepayment of bitcoin machines during the period as compare with no such prepayments in prior period.

Financing activities

Cash used in financing activities was increased to $234,193 during the period, the increase in net cash used in financing activities is mainly due to the cash receipts of the new shares to be issued from the 16 new shareholders during the period as compare with no new shares to be issued in prior period.

Critical Accounting Estimates and Policies

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 and the disclosure of contingent assets and liabilities of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 3 to the Financial Statements describes the significant accounting policies and methods used in the preparation of the Financial Statements. Estimates are used for, but not limited to, contingencies and taxes. Actual results could differ materially from those estimates. The following critical accounting policies are impacted significantly by judgments, assumptions, and estimates used in the preparation of the Financial Statements.

We are subject to various loss contingencies arising in the ordinary course of business. We consider the likelihood of loss or impairment of an asset or the incurrence of a liability, as well as our ability to reasonably estimate the amount of loss in determining loss contingencies. An estimated loss contingency is accrued when management concludes that it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. We regularly evaluate current information available to us to determine whether such accruals should be adjusted.

6 Table of Contents

We recognize deferred tax assets (future tax benefits) and liabilities for the expected future tax consequences of temporary differences between the book carrying amounts and the tax basis of assets and liabilities. The deferred tax assets and liabilities represent the expected future tax return consequences of those differences, which are expected to be either deductible or taxable when the assets and liabilities are recovered or settled. Future tax benefits have been fully offset by a 100% valuation allowance as management is unable to determine that it is more likely than not that this deferred tax asset will be realized.

Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

Recent Accounting Pronouncements

The 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 the 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

Not applicable to smaller reporting companies.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to ~~our~~the ~~management~~Management to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation and the material weaknesses disclosed in the Form 10-K report filed on April 29, 2020 and Form 10-Q/A report filed on June 11, 2021, they concluded that our disclosure controls and procedures were not effective ~~for~~as ~~the~~of ~~quarterly~~December ~~period ended September 30~~31, 2020.

InThe ~~designing~~Company ~~and~~plans ~~evaluating~~to ~~disclosure~~address ~~controls~~these ~~and~~material ~~procedures,~~weaknesses ~~management~~as ~~recognizes~~resources ~~that~~become ~~any~~available ~~controls~~by ~~and~~hiring ~~procedures,~~additional noprofessional ~~matter~~staff, ~~how~~such ~~well~~as ~~designed~~a ~~and~~Chief ~~operated~~Financial Officer, ~~can~~as ~~provide~~funding ~~only~~becomes ~~reasonable~~available, ~~not~~outsourcing ~~absolute~~certain ~~assurance~~aspects of ~~achieving~~ the ~~desired~~recording ~~objectives.~~and ~~Also~~reporting functions, ~~the design of a control system must reflect the fact that there are resource constraints~~ and ~~the~~separating ~~benefits of controls must be considered relative to their costs~~responsibilities.

~~Changes~~19 inTable ~~Internal~~of ~~Controls~~Contents

~~Based~~Inherent limitations on ~~that~~effectiveness ~~evaluation,~~of ~~our Chief Executive Officer and our Chief Financial Officer concluded that no change occurred in the Company’s internal~~ controls over financial reporting during the quarter ended September 30, 2020 that has materially affected, or is reasonably likely to materially affect, the Company’s internal controls over financial reporting.

7Internal ~~Table~~control over financial reporting has inherent limitations which include but is not limited to the use of ~~Contents~~independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statements preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that have occurred for the three months ending December 31, 2020, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

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Part II - Other Information

Item 1. Legal Proceedings

There are not presently any material pending legal proceedings to which the Company is a party or as to which any of our property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

Item 1A. Risk Factors

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

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

None.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mining Safety Disclosures

Not applicable.

Item 5. Other Information

~~Change in Shell Company Status~~None.

On21 ~~September~~Table ~~30,~~of 2020, FHT Future Technology Limited’s wholly owned subsidiary Xiamen Zhenghe Xing Neng Digital Technology Co Limited (“Zhenghe Technology”) entered into a Digital Analysis Services Agreement with an independent third party, namely Wise & Newlife Pte Ltd.Contents

As per the terms of the agreement, the subsidiary will provide digital analysis and technical services via SHA256 to Wise & Newlife Pte Ltd. The contract amount is USD$500,000 and service period is from September 30, 2020 to August 31, 2021.

The Board believes that the Digital Analysis Service Agreement will provide the Group with the opportunity to leverage on its extensive experience in China Digital business. The Board also believes that it could expand the Group’s business scope, broaden income sources and enhance its financial performance, as well as in the interests of the Company and its shareholders.

Through Zhenghe Technology, the Company is focusing on the development and sales of digital currency payment systems, digital currency software and hardware wallets, digital currency mobile phones, digital currency sales systems and other digital currency payment application software and hardware.

Through self-built mining pool software, Zhenghe Technology purchases mining machines from well-known bitcoin mining machine brand companies Bitmain, Bit Micro, and Insina Technology, and stores them in Sichuan and Xinjiang, China for bitcoin mining.

Through self-developed blockchain technology, Zhenghe Technology has developed a decentralized F public chain to meet the needs of high-frequency, fast receipt, and low fee payment scenarios, and realize cross-chain digital assets. Zhenghe Digital Payment System provides efficient, safe and low-cost solutions for global cross-border and cross-currency transaction settlement.

As of September 30, 2020, the Company is no longer considered a “shell company” as defined in Rule 12b-2 under the Exchange Act.

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Item 6. Exhibits

Exhibits No.		Description
Exhibits
No.		Description
31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14 (a) or 15d-14 (a).
32.1		Certification pursuant to Securities Exchange Act of 1934 Rule 13a-14 (b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002.
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL 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 Labels 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).

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SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FHT FUTURE TECHNOLOGY LTD
	FHT Future Technology Ltd
Dated: December 16, 2020	By:	/s/ Wenji Li
Date: July 21, 2021	By:	/s/ Wenjin Li
		Wenji Li
		WenjinLi
		Chief Executive Officer and
		Chief Executive Officer,
		Chief Financial Officer
		(Principal Executive Officer and
		Principal Financial Officer)

1023

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