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 ~~November~~February 3028, ~~2022~~2023

Commission File Number 333-21426

CHINA WUYI MOUNTAIN, LTD.

(Exact name of registrant as specified in its charter)

Nevada		81-3433108
(State of other jurisdiction of Incorporation or organization)		(I.R.S. Employer Identification No.)
(State of other jurisdiction ofIncorporation or organization)		(I.R.S. EmployerIdentification No.)

B20 1202, International Software Park, Hunnan New District, Shenyang, Liaoning, China

(Address of principal executive offices) (Zip Code)

+86-13252185999

(Registrant’s telephone number, including area code)

State Agent and Transfer Syndicate Inc.

112 Nort Curry Street, Carson City, NV 89703-4934

1-800-253-1013

(Name and address, including Zip Code and telephone number including area code, of agent for service)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes ☒ 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, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated ~~filer~~Filer ☐ Smaller reporting company ☒ (Do not check if a 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) 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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court ☐ Yes ☐ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of ~~May~~July 923, 2023 there were 85,600,000 shares of common stock issued and outstanding.

TABLE OF CONTENTS

PART I—FINANCIAL INFORMATION 4 Item 1. Financial Statements. Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. 11 Item 3. Quantitative and Qualitative Disclosures About Market Risk. 12 Item 4. Controls and Procedures. 12 PART II—OTHER INFORMATION 13 Item 1. Legal Proceedings. 13 Item 1A. Risk Factors. 13 Item 2. Unregistered Sales of Securities and Use of Proceeds. 13 Item 3. Defaults Upon Senior Securities. 13 Item 4. Mine Safety Disclosures. 13 Item 5. Other Information. 13 Item 6. Exhibits. 14 Signatures. 15

PART I—FINANCIAL INFORMATION		4
Item 1.	Financial Statements.	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	5
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	6
Item 4.	Controls and Procedures.	6

PART II—OTHER INFORMATION		7
Item 1.	Legal Proceedings.	7
Item 1A.	Risk Factors.	7
Item 2.	Unregistered Sales of Securities and Use of Proceeds.	7
Item 3.	Defaults Upon Senior Securities.	7
Item 4.	Mine Safety Disclosures.	7
Item 5.	Other Information.	7
Item 6.	Exhibits.	8
Signatures.		9

Table of Contents

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of China WuYi Mountain Ltd. (formerly Kokos Group Inc.), a Nevada corporation (the “Company”), contains “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: the possibility that we will not receive sufficient customers to grow our business, the Company’s need for and ability to obtain additional financing, other factors over which we have little or no control; and other factors discussed in the Company’s filings with the Securities and Exchange Commission (“SEC”).

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Table of Contents

PART I—FINANCIAL INFORMATION

CHINA WUYI MOUNTAIN, LTD.

CONDENSED FINANCIAL STATEMENTS

(Unaudited)

~~November~~February 3028, ~~2022~~2023

CONSDENSED BALANCE SHEETS	5
CONDENSED BALANCE SHEETS		F-1
CONDENSED STATEMENTS OF OPERATIONS	6	F-2
CONDENDED STATEMENTS OF STOCKHOLDERS’ DEFICIT	7
CONDENDED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)		F-3
CONDENSED STATEMENTS OF CASH FLOWS	8	F-4
NOTES TO CONDENSED FINANCIAL STATEMENTS	9	F-5

Table of Contents

CHINA WUYI MOUNTAIN, LTD.

CONDENSED BALANCE SHEETS

	November 30, 2022			August 31,2022
	February 28, 2023			August 31,2022
	(unaudited)
ASSETS
CURRENT ASSETS
Cash	$	-		$	593
TOTAL CURRENT ASSETS	$	-		$	593
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable	$	31,~~191~~592		$	1,319
Due to related party (Note 4)		~~136~~143,~~521~~068			117,521
TOTAL CURRENT LIABILITIES		~~139~~144,~~712~~660			118,840
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Preferred stock, par value $0.001, 2,000,000 authorized, -nil- issued and outstanding		-			-
Common stock, par value $0.001, 200,000,000 authorized – 85,600,000 shares issued and outstanding		85,600			85,600
Subscription receivable		(50,000	)		(50,000	)
Additional paid in capital		89,491			89,491
Accumulated deficit		(~~264~~269,~~803~~751	)		(243,338	)
TOTAL STOCKHOLDERS’ DEFICIT		(~~139~~144,~~712~~660	)		(118,247	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-689		$	593

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

5F-1 Table of Contents

CHINA WUYI MOUNTAIN, LTD.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Three months ended November 30, 2022			Three months ended November 30, 2021
	Three months ended February 28,2023			Three months ended February 28,2022			Six months ended February 28,2023			Six months ended February 28,2022
REVENUE	$	-		$	-		$	-		$	-
EXPENSES
Office and general	$	214,~~465~~948		$	112,~~896~~569		$	26,413		$	14,465
TOTAL EXPENSES		(214,~~465~~948	)		(112,~~896~~569	)		(26,413	)		(14,465	)
Other Income		-			-
NET LOSS	$	(4,948	)	$	(2,569	)	$	(26,413	)	$	(14,465	)
NET LOSS	$	(21,465	)	$	(11,896	)
NET LOSS PER COMMON SHARE BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
NET LOSS PER COMMON SHARE -BASIC AND DILUTED	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED		85,600,000			85,600,000			85,600,000			85,600,000
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED		85,600,000			85,600,000

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

6F-2 Table of Contents

~~HINA~~CHINA WUYI MOUNTAIN, LTD.

CONDENDED STATEMENTS OF STOCKHOLDERS’ DEFICIT

For the ~~Three~~Six-month period ended ~~November~~February 3028, ~~2022~~2023

(UNAUDITED)

	Common Stock				Additional
	Number of shares		Amount		Paid-~~in Capital~~inCapital		SubscriptionReceivable			Accumulated Deficit			Total
Balance, August 31, 2022		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(243,338	)	$	(118,247	)
Net loss for the period ended November 30, 2022		-		-		-		-			(21,465	)		(21,465	)
Balance, November 30, 2022		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(264,803	)	$	(139,712	)
Net loss for the period ended February 28, 2023		-		-		-		-			(4,948	)		(4,948	)
Balance, February 28, 2023		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(269,751	)	$	(144,660	)

CONDENDED STATEMENTS OF STOCKHOLDERS’ DEFICIT

For the ~~Three~~Six-month period ended ~~November~~February 3028, ~~2021~~2022

(UNAUDITED)

	Common Stock				Additional
	Number of shares		Amount		Paid-~~in Capital~~inCapital		SubscriptionReceivable			Accumulated Deficit			Total
Balance, August 31, 2021		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(210,683	)	$	(85,592	)
Net loss for the period ended November 30, 2021		-		-		-		-			(11,896	)		(11,896	)
Balance, November 30, 2021		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(222,579	)	$	(97,488	)
Net loss for the period ended February 28, 2022		-		-		-		-			(2,569	)		(2,569	)
Balance, February 28, 2022		85,600,000	$	85,600	$	89,491	$	(50,000	)	$	(225,148	)	$	(100,057	)

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

7F-3 Table of Contents

CHINA WUYI MOUNTAIN, LTD.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three months ended November 30, 2022			Three months ended November 30, 2021
	Six months ended February 28,2023			Six months ended February 28,2022
OPERATING ACTIVITIES
Net loss for the period	$	(2126,~~465~~423	)	$	(1114,~~896~~465	)
Adjustments to reconcile net loss to net cash used in operating activities:
Expenses paid by related party		1925,~~000~~547			1214,~~070~~320
Changes in operating assets and liabilities:
Accounts payables		1,872			(222	)
Accounts payable		273			49
NET CASH USED IN OPERATING ACTIVITIES		(593	)		(4896	)
CASH FLOW FROM INVESTING ACTIVITIES		-			-
CASH FLOW FROM FINANCING ACTIVITIES		-			-
Proceeds on sale of common stock		-			-
Shares to be issued		-			-
Subscription receivable		-			-
NET CASH PROVIDED BY FINANCING ACTIVITIES		-			-
NET INCREASE (DECREASE) IN CASH		(593	)		(4896	)
CASH, BEGINNING		593			785
CASH, ENDING	$	-0		$	~~737~~689

SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH FINANCING ACTIVITIES;

Cash paid during the period for: Interest $ - $ - Income taxes $ - $ - Related party debt forgiveness $ - $ -

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

8F-4 Table of Contents

CHINA WUYI MOUNTAIN, LTDNOTES TO CONDENSED FINANCIAL ~~STATEMENTSNovember~~STATEMENTSFebruary 3028, ~~2022~~2023 (unaudited)

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

China KOKOS GROUP INC. (NKA China WuyI Mountain Ltd.) was incorporated in the State of Nevada as a for-profit Company on July 26, 2016 and established a fiscal year end of August 31. The Company is organized to bottle, market, distribute and sell our own brand of coconut water, presently called “Koos Coconut Water”. On November 10, 2017 the Board of directors and the majority of its shareholders of Kokos Group Inc., amended the Company’s current Certificate of Incorporation in conformity with the applicable laws of the State of Nevada to change the name of the Company from Kokos Group Inc. to China Wu Yi Mountain Ltd. On May 24, 2018 FINRA approved the Company’s corporate action changing the Company’s name and trading symbol effective May 25, 2018.

Going concern

The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $~~264~~269,~~803~~751. As at ~~November~~February 3028, ~~2022~~2023, the Company has working capital deficit of $~~139~~144,~~712~~660. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. ~~The~~ ~~Company intends to continue to fund its business by way of private placements and advances from related parties as may be required.~~ These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended August 31, 2022 included in the Company’s 10-K filed with the Securities and Exchange Commission on February 67, 2023. The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the ~~three~~six months ended ~~November~~February 3028, ~~2022~~2023 are not necessarily indicative of the results that may be expected for the year ending August 31, 2023.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Financial Instruments

All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.

9F-5 Table of Contents

CHINA WUYI MOUNTAIN, LTDNOTES TO CONDENSED FINANCIAL ~~STATEMENTSNovember~~STATEMENTSFebruary 3028, ~~2022~~2023 (unaudited) ~~NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)~~

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Loss per Common Share

The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Stock-based Compensation

The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options. As at ~~November~~February 3028, ~~2022~~2023 the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly, no stock-based compensation has been recorded to date.

Recent Accounting Pronouncements

The Company’s management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position and results of operations.

NOTE 3 – CAPITAL STOCK

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share and 2,000,000 preferred shares with a par value of $0.001 per share. Total shares issued as of ~~November~~February 3028, ~~2022~~2023 are 85,600,000 common shares and no preferred shares have been issued.

On May 2, 2018, the Company entered into a subscription agreement with a China-based company, Grand Biotechnology Group Liaoning, (the authorized signor for Grand Biotechnology is a 4.9% shareholder of the Company), for the issuance of an aggregate of 20,000,000 shares of restricted common stock at $0.0075 per share for an aggregate purchase price of U.S.$150,000. On May 2, 2018, the Company issued 20,000,000 shares of restricted common stock. On May 15, 2018 the Company had received $100,000. As of ~~November~~February 3028, ~~2022,~~2023 ~~the~~ $50,000 unpaid stock purchased amount isare recorded as “Subscription receivable“ under stockholders’ equity on the balance sheet.

As of ~~November~~February 3028, ~~2022~~2023, the Company has not granted any stock options and has not recorded any stock-based compensation.

NOTE 4 – RELATED PARTY TRANSACTIONS

During the period ended ~~November~~February 3028, ~~2022~~2023, Century ~~Acquisitions~~Acquisition (major shareholder of the Company), paid expenses on behalf of the Company of $1925,~~000~~547. As of ~~November~~February 3028, ~~2022,~~2023 the balance of due to ~~Century~~related ~~Acquisitions~~party ~~was~~is $~~136~~143,068 (August 31, 2022 - $117,521). The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

NOTE 5 – SUBSEQUENT EVENTS

During ~~November~~March 301, ~~2022~~2023 through ~~May~~July 923, 2023, Century Acquisition (Formerly WP Acquisition Company, LLC), is a major shareholder, paid outstanding invoices on behalf of the Company for $65,~~547~~122. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment. These transactions increased the shareholder loan balance to $~~143~~148,~~068,~~190 in the subsequent period.

10F-6 Table of Contents

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

This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Results of Operations

For the three-month period ended ~~November~~February 3028, ~~2022~~2023 and ~~November~~February 3028, ~~2021~~2022 we had no revenues. Expenses for the three-month period ended ~~November~~February 3028, ~~2022~~2023 totaled $204,~~920~~948 resulting in a net loss of $204,~~920~~948. The net loss for the three-month period ended ~~November~~February 3028, ~~2022~~2023 is a result of expenses of $204,~~920~~948 comprised primarily of; professional fees of $194,000; transfer agent expenses of $~~372~~198; and filing fees of $~~1,500; and bank service charges of $48~~750.. Expenses for the three-~~months~~month period ended ~~November~~February 3028, ~~2021,~~2022 totaled $112,~~896~~569 resulting in a net loss of $112,~~896~~569. The net loss for the three-month period ended ~~November~~February 3028, ~~2020~~2022 is a result of expenses of $112,~~896~~569 comprised primarily of,; professional fees of $111,500; transfer agent ~~expense~~expenses of $~~348~~198; filing fees of $823; and bank ~~services~~service charges of $48.. The increase in expenses between the three-month periods ~~November~~February 3028, ~~2022~~2023 and ~~November~~February 3028, ~~2021~~2022 iswas due to the increase in professional fees, ~~due~~and tofiling ~~the Company bringing its SEC filings current~~fees.

For the six-month period ended February 28, 2023 and February 28, 2022 we had no revenues. Expenses for the six-month period ended February 28, 2023 totaled $26,413 resulting in a net loss of $26,413. The net loss for the six-month period ended February 28, 2023 is the result of expenses of $26,413 comprised primarily of; professional fees of $23,000; transfer agent expenses of $570; filing fees of $2,250; and abandoned account expense of $593. Expenses for the six-month period ended February 28, 2022 totaled $14,465 resulting in a net loss of $14,465. The net loss for the six-month period ended February 28, 2022 is the result of expenses of $14,465 comprised primarily of; professional fees of $13,000; transfer agent expenses of $546; filing fees of $823; and bank service charges of $96.. The increase in expenses between the six-month periods February 28, 2023 and February 28, 2022 was due to the increase in professional fees due to the Company bringing its SEC filings current.

Risks and Uncertainties

The pandemic caused by an outbreak of a new strain of coronavirus (COVID-19) has resulted, and is likely to continue to result, in significant national and global economic disruption and may adversely affect our business. Based on the Company’s current assessment, the Company does not expect any material impact on its long-term operation due to the worldwide spread of the COVID-19 virus. However, the Company is actively monitoring this situation and the possible effects on its financial condition, operations, suppliers, industry, and workforce.

Capital Resources and Liquidity

We have generated no revenues to date and anticipate until we generate a more rapid growth in revenues we will require additional financings in order to fully implement our plan of operations. With the exception of cash advances from our sole Officer and Director, cash received in our initial offering and our recent private placement of $150,000 (of which $100,000 had been received), we have not had any additional funding. We must raise additional cash to implement our strategy and stay in business. A related party has verbally committed to continue to fund our operations. However, this is not in writing and maybe rescinded at any time.

We have generated no revenues to date and anticipate until we generate a more rapid growth in revenues we will require additional financings in order to fully implement our plan of operations. With the exception of cash advances from our sole Officer and Director, cash received in our initial offering and our recent private placement of $150,000 (of which $100,000 had been received), we have not had any additional funding. We must raise additional cash to implement our strategy and stay in business. Our president has verbally committed to continue to fund our operations. However, this is not in writing and maybe rescinded at any time.

As of ~~November~~February 3028, ~~2022~~2023, we had $nil in cash and $~~136~~143,068 due to a related party. As of August 31, 2022, we had $593 in cash and $117,521 due to a related party. Total liabilities as of ~~November~~February 3028, ~~2022~~2023, were $~~139~~144,~~712~~660 compared to $118,840 in total liabilities at August 31, 2022. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status. ~~As of November 30, 2022, the Company owed $136,521 (August 31, 2022; $117,521) to a related party~~. All amounts due to the related party are unsecured, non-interest bearing and have not set terms of repayment.

During ~~September~~March 1, ~~2022~~2023 through ~~May~~July 923, 2023, Century Acquisition (Formerly WP Acquisition Company, LLC), is a major shareholder and controls 19.25%, paid outstanding invoices on behalf of the Company for $425,~~297~~547. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment. These transactions increased the shareholder loan balance to $~~140~~148,~~818,~~190 in the subsequent period.

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Company Operations

The Company has not yet implemented its business model. We must raise cash to implement our strategy and stay in business. In the event we do not raise any proceeds, the Company’s existing cash will not be sufficient to fund the expenses related to maintaining a reporting status and to implement its planned business. Accordingly, the Company intends to implement a different business plan.

Capital Stock

As of ~~November~~February 3028, ~~2022~~2023, the Company has not granted any stock options and has not recorded any stock-based compensation.

11 Table of Contents

As of November 30, 2022, the Company issued 0 shares of preferred stock and 85,600,000 common shares are issued and outstanding.

Off-balance sheet arrangements

Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

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

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. The material weaknesses in our disclosure control procedures are as follows:

1. Lack of formal policies and procedures necessary to adequately review significant accounting transactions. We utilize a third party independent contractor for the preparation of our financial statements. Although the financial statements and footnotes are reviewed by our management, we do not have a formal policy to review significant accounting transactions and the accounting treatment of such transactions. The third party independent contractor is not involved in our day to day operations and may not be provided information from our management on a timely basis to allow for adequate reporting/consideration of certain transactions. Based upon that evaluation, our company’s principal executive officer and principal financial officer concluded that as of November 30, 2022 our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

1.	*Lack of formal policies and procedures necessary to adequately review significant accounting transactions.* We utilize a third party independent contractor for the preparation of our financial statements. Although the financial statements and footnotes are reviewed by our management, we do not have a formal policy to review significant accounting transactions and the accounting treatment of such transactions. The third party independent contractor is not involved in our day to day operations and may not be provided information from our management on a timely basis to allow for adequate reporting/consideration of certain transactions. Based upon that evaluation, our company’s principal executive officer and principal financial officer concluded that as of February 28, 2023 our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

2.	*Audit Committee and Financial Expert*. We do not have an audit committee with a financial expert and, thus, we lack the appropriate oversight within the financial reporting process.

2. Audit Committee and Financial Expert. We do not have an audit committee with a financial expert and, thus, we lack the appropriate oversight within the financial reporting process.

We intend to initiate measures to remediate the identified material weaknesses, including, but not necessarily limited to, the following:

	·	Establishing a formal review process of significant accounting transactions that includes participation of our principal executive officer, principal financial officer and corporate legal counsel.

	·	Form an audit committee that will establish policies and procedures that will provide our Board of Directors with a formal review process that will among other things, assure that management controls and procedures are in place and being maintained consistently.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended ~~November~~February 3028, ~~2022~~2023 that have materially affected, 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.

Currently we are not involved in any pending litigation or legal proceeding.

Item 1A. Risk Factors.

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

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

On May 2, 2018, the Company entered into a subscription agreement with a China-based company, Grand Biotechnology Group Liaoning, (the authorized signor for Grand Biotechnology is a 4.9% shareholder of the Company), for the issuance of an aggregate of 20,000,000 shares of restricted common stock at $0.0075 per share for an aggregate purchase price of U.S.$150,000. On May 2, 2018, the Company issued 20,000,000 shares of restricted common stock. On May 15, 2018 the Company had received $100,000. As of ~~November~~February 3028, ~~2022~~2023, $50,00000 unpaid stock purchased amount are recorded as “Subscription receivable” under stockholders’ ~~equity~~deficit on the balance sheet.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None

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Item 6. Exhibits.

(a) Exhibits required by Item 601 of Regulation SK.

3.1		Amended Articles of Incorporation
31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer
31.2		Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *
32.1		Section 1350 Certification of Chief Executive Officer
32.2		Section 1350 Certification of Chief Financial Officer **
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. 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)

* Included in Exhibit 3132.12

**8 ~~Included~~Table inof ~~Exhibit 32.1~~Contents

14 Table of Contents

SIGNATURES*

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

	China WuYi Mountain, Ltd.
Date: May 9, 2023	By:	/s/ Lei Wang
Date: July 23, 2023	By:	/s/ Lei Wang
		Lei Wang
		President and Director
		Principal Executive Officer
		Principal Financial Officer
		Principal Accounting Officer

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