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~~ 30March 31, ~~2024~~2025

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

For the transition period from to

Commission File No. 000-56252

HONG YUAN HOLDING GROUP

(Exact name of registrant as specified in its charter)

Nevada		91-2154289
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
Room 2103, 21F, No.368, Tianfu 2nd Street, Wuhou District, Chengdu, Sichuan Province		610094, China
No. 3, 21st Floor, Building 1, No. 176, Jiqing 1st Road, Chengdu High-tech Zone, Sichuan Province		610094, China
(Address of principal executive offices)		(Zip Code)

+86-19382185278

(Registrant’s telephone number, including area code)

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		HGYN		OTCMarkets (OTCQB)

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 on its corporate Web site, if any, 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, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐

Non-accelerated filer ☐	Smaller reporting company ☒

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) 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 ☐

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. The number of shares outstanding of the registrant’s common stock as of ~~November~~July 425, ~~2024~~2025 was 74,640,766.

HONG YUAN HOLDING GROUP

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION		3
ITEM 1	Condensed Consolidated Financial Statements (Unaudited)	3
ITEM 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1113
ITEM 3	Quantitative and Qualitative Disclosures About Market Risk	1417
ITEM 4	Controls and Procedures	1417
PART II – OTHER INFORMATION		1518
ITEM 1	Legal Proceedings	1518
ITEM 1A	Risk Factors	1518
ITEM 2	Unregistered Sales of Equity Securities and Use of Proceeds	1518
ITEM 3	Defaults Upon Senior Securities	1518
ITEM 4	Mine Safety Disclosures	1518
ITEM 5	Other Information	1518
ITEM 6	Exhibits	1518

PART I – FINANCIAL INFORMATION

This Quarterly Report includes forward-looking statements within the meaning of the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on management’s beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider” or similar expressions are used.

Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to put undue reliance on any forward-looking statements.

Item 1. Financial Statements

HONG YUAN HOLDING GROUP

~~BALANCE~~Consolidated Balance ~~SHEETS~~Sheets

	September 30,			December 31,
	March 31,			December 31,
	2024			2023
	2025			2024
	(Unaudited)			(Audited)
ASSETS
ASSETS, NONCURRENT
Current Assets
TOTAL ASSETS	$	-		$	-
Cash and cash equivalents	$	33,300		$	46,291
Accounts receivable, net		57,394			11,376
Inventory		48,697			43,748
Prepaid expense and other receivable		65,759			27,601
Total Current Assets		205,150			129,016
Property and equipment, net of accumulated		224			557
Right of use assets		37,713			93,091
TOTAL ASSETS	$	243,087		$	222,664
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	175,~~040~~777		$	142,~~069~~260
Due to related parties		181,393			150,175
Operating lease liabilities - Current		37,713			73,967
Total Current Liabilities		182,433			151,244
Tax payable		6,074			4,228
TOTAL LIABILITIES		182,433			151,244
Due to related party		254,349			251,887
Total Current Liabilities		373,913			372,342
Operating lease liabilities - Noncurrent		–			19,124
TOTAL LIABILITIES		373,913			391,466
Commitments and contingencies		–			–
Stockholders’ Deficit
Preferred Stock: 5,000,000 shares authorized; $0.001 par value 5,000,000 issued and outstanding at September 30, 2024 and December 31, 2023		5,000			5,000
Series A-1 Preferred stock: 5,000,000 shares authorized; $0.001 par value 5,000,000 issued and outstanding at March 31, 2025 and December 31, 2024		5,000			5,000
Common stock: 250,000,000 shares authorized; $0.001 par value 74,640,766 shares issued and outstanding at September 30, 2024 and December 31, 2023		74,641			74,641
Common stock: 2,000,000,000 shares authorized; $0.001 par value 74,640,766 shares issued and outstanding at March 31, 2025 and December 31, 2024		74,641			74,641
Additional Paid-in Capital		97,~~186~~471,~~036~~393			97,~~186~~471,~~036~~393
Accumulated deficit during development stage		(97,448,110	)		(97,416,921	)
Statutory surplus reserve		314			314
Total Stockholders’ Deficit		(182,433	)		(151,244	)
Accumulated other comprehensive income		1,729			1,478
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-		$	-
Accumulated deficit		(97,746,780	)		(97,784,280	)
Total Hong Yuan Holding Group Stockholders’ Deficit		(193,703	)		(231,454	)
Non-controlling interests		62,877			62,652
Total stockholders’ deficit		(130,826	)		(168,802	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	243,087		$	222,664

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

HONG YUAN HOLDING GROUP

~~STATEMENTS~~Consolidated Statements OFof ~~OPERATIONS~~Operations

UNAUDITED

	2025			2024
	Three Months Ended
	March 31,
	2025			2024

Revenue	$	241,065		$	-
Cost of revenue		124,347			-
Gross Profit		116,718			-

Operating Expenses
Selling and marketing		173			-
General and administrative		52,017			31,227
Professional fees		24,390			15,329
Total Operating Expenses		76,580			46,556

Net Income from operations		40,138			(46,556	)

Other Income and Expense
Interest income		6			2
Other Expense		(4	)		-
Total other income (expense)		2			2

Net Income before taxes		40,140			(46,554	)

Provision for income taxes		2,783			-

Net Income	$	37,357		$	(46,554	)
Net income attributable to non-controlling interests		(143	)
Net loss attributable to Hong Yuan Holding Group		37,500			(46,554	)

Other comprehensive income (loss)		251			(189	)

Comprehensive Income	$	37,751		$	(46,743	)

Basic and dilutive net income (loss) per common share	$	0.00		$	(0.00	)

Weighted average number of common shares outstanding - basic and diluted		74,640,766			74,640,766

	2024			2023			2024			2023
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023
Operating Expenses
General and administrative	$	60		$	60		$	150		$	150
Professional fees		5,435			10,106			31,039			31,269
Total Operating Expenses		5,495			10,166			31,189			31,419
Operating loss		(5,495	)		(10,166	)		(31,189	)		(31,419	)
Other Income and Expense		-			-			-			-
Provision for income taxes		-			-			-			-
Net loss	$	(5,495	)	$	(10,166	)	$	(31,189	)	$	(31,419	)
Basic and dilutive net loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding - basic and diluted		74,640,766			74,640,766			74,640,766			74,640,766

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

~~The accompanying notes are an integral part of these unaudited financial statements.~~4

4 +

HONG YUAN HOLDING GROUP

~~STATEMENT~~Consolidated Statements OFof ~~STOCKHOLDERS~~Stockholders’ ~~EQUITY~~Deficit

UNAUDITED

													Accumulated
	Preferred Stock				Common Stock				Additional		Statutory		Other						Non-			Total
	Number of Shares		Par Value		Number of Shares		Par Value		Paid-in Capital		surplus reserve		Comprehensive Income (Loss)			Accumulated Deficit			controlling Interests			Stockholders’ Deficit

Balance - December 31, 2024		5,000,000	$	5,000		74,640,766	$	74,641	$	97,471,393	$	314	$	1,478		$	(97,784,280	)	$	62,652		$	(168,802	)
Net income		-		-		-		-		-		-		-			37,500			(143	)		37,357
Accumulated other comprehensive income		-		-		-		-		-		-		251			-			368			619
Balance - March 31, 2025		5,000,000	$	5,000		74,640,766	$	74,641	$	97,471,393	$	314	$	1,729		$	(97,746,780	)	$	62,877		$	(130,826	)

Balance - December 31, 2023		5,000,000	$	5,000		74,640,766	$	74,641	$	97,466,278	$	-	$	1,720		$	(97,685,122	)	$	-		$	(137,483	)
Balance		5,000,000	$	5,000		74,640,766	$	74,641	$	97,466,278	$	-	$	1,720		$	(97,685,122	)	$	-		$	(137,483	)
Capital contribution received by VIE		-		-		-		-		48,570		-		-			-			-			48,570
Net loss		-		-		-		-		-		-		-			(46,554	)		-			(46,554	)
Net income (loss)		-		-		-		-		-		-		-			(46,554	)		-			(46,554	)
Accumulated other comprehensive income		-		-		-		-		-		-		(189	)		-			-			(189	)
Balance - March 31, 2024		5,000,000	$	5,000		74,640,766	$	74,641	$	97,514,848	$	-	$	1,531		$	(97,731,676	)	$	-		$	(135,656	)
Balance		5,000,000	$	5,000		74,640,766	$	74,641	$	97,514,848	$	-	$	1,531		$	(97,731,676	)	$	-		$	(135,656	)

	Common Stock: Shares		Common Stock: Amount		Preferred Stock: (A-1) Shares		Preferred Stock: Amount		Additional Paid-in Capital		Accumulated Deficit			Totals
Balance – December 31, 2023		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,416,921	)	$	(151,244	)
Net loss for the period ended		-		-		-		-		-		(25,694	)		(25,694	)
Balance – June 30 , 2024		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,442,615	)	$	(176,938	)
Net loss for the period ended		-		-		-		-		-		(5,495	)		(5,495	)
Balance – September 30 , 2024		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,448,110	)	$	(182,433	)

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

	Common Stock: Shares		Common Stock: Amount		Preferred Stock: (A-1) Shares		Preferred Stock: Amount		Additional Paid-in Capital		Accumulated Deficit			Totals
Balance – December 31. 2022		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,377,201	)	$	(111,524	)
Net loss for the period ended		-		-		-		-		-		(21,253	)		(21,253	)
Balance – June 30, 2023		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,398,454	)	$	(132,777	)
Balance		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,398,454	)	$	(132,777	)
Net loss for the period ended		-		-		-		-		-		(10,166	)		(10,166	)
Net loss		-		-		-		-		-		(10,166	)		(10,166	)
Balance –September 30, 2023		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,408,620	)	$	(142,943	)
Balance		74,640,766	$	74,641		5,000,000	$	5,000	$	97,186,036	$	(97,408,620	)	$	(142,943	)

~~The accompanying notes are an integral part of these~~HONG ~~unaudited~~YUAN ~~financial~~HOLDING ~~statements.~~GROUP

5Consolidated Statements of Cash Flows

HONG YUAN HOLDING GROUP

	2025			2024
	Three Months Ended
	March 31,
	2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	37,357		$	(46,554	)
Adjustments to reconcile net income to net cash provided by operating activities:		-			-
Depreciation expense		335			339
Lease expense		9,652			-
Changes in operating assets and liabilities:					-
Accounts receivable		(45,850	)		-
Inventory		(4,681	)		-
Prepaid expense and other receivable		(37,912	)		(10,412	)
Accounts payable and accrued liabilities		35,056			1,491
Operating lease payment		(9,652	)		-
Due to related party		2,461			16,125
Net Cash Provided by (Used in) Operating Activities		(13,234	)		(39,011	)

CASH FLOWS FROM INVESTING ACTIVITIES		-			-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from capital contribution		-			48,689
Net Cash Provided by Financing Activities		-			48,689

EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS		243			(142	)

Net change in cash and cash equivalents		(12,991	)		9,536
Cash and cash equivalents, beginning of period		46,291			5,983
Cash and cash equivalents, end of period	$	33,300		$	15,519

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

NON-CASH INVESTING AND FINANCING ACTIVITIES
Right of use asset and related liability modification	$	46,710		$	-
Acquisitions of subsidiary under common control	$	-		$	-

~~STATEMENTS~~The accompanying OFnotes ~~CASH~~are ~~FLOWS~~an integral part of these consolidated financial statements.

~~UNAUDITED~~6

	2024			2023
	Nine Months Ended
	September 30,
	2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(31,189	)	$	(31,419	)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		(29	)		629
Due to related party		31,218			30,790
Net Cash Used in Operating Activities		-			-
CASH FLOWS FROM INVESTING ACTIVITIES		-			-
CASH FLOWS FROM FINANCING ACTIVITIES		-			-
Net change in cash and cash equivalents for the year		-			-
Cash and cash equivalents at beginning of the year		-			-
Cash and cash equivalents at end of the year	$	-		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

HONG YUAN HOLDING GROUP

~~The accompanying notes are an integral part of these~~NOTES ~~unaudited~~TO ~~financial~~FINANCIAL ~~statements.~~STATEMENTS

6Note 1 – Organization

~~HONG~~Hong Yuan ~~YUAN~~Holding ~~HOLDING~~Group ~~GROUP~~(“We”, “the Company”, “Hong Yuan”) was incorporated on September 29, 2001 in the State of Nevada under the name of Biocorp North America Inc. On March 18, 2005, we filed an amendment to our certificate of incorporation to change our name to Cereplast, Inc.

~~NOTES~~On February TO10, ~~FINANCIAL~~2014, ~~STATEMENTS~~the Company, filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Indiana (the “Bankruptcy Court “). On February 14, 2014, the Company filed a motion in the Bankruptcy Court seeking to convert the Company’s Chapter 11 Case to a Chapter 7 bankruptcy case. On March 27, 2014, the court granted the Company’s motion and on that date the Company’s Chapter 11 Case was converted to a Chapter 7 case. As a result, the Company adopted liquidation basis of accounting on the discontinued operations according to ASC 205-30 “Presentation of Financial Statements – Liquidation Basis of Accounting”, accordingly the accumulated deficit generated prior to bankruptcy proceedings remained unadjusted.

~~September~~On January 3031, ~~2024~~2014, the Board of Directors of Cereplast, Inc. (the “Company”) approved a 1-for-50 reverse split (the “Reverse Split) which was previously approved by the shareholders on April 5, 2013 and previously disclosed on Current Report Form 8-K filed on April 5, 2013.

~~Note~~On February 13, –2014, ~~Organization~~Cereplast, ~~and~~Inc. ~~basis~~(the “Company”) filed a Certificate of ~~accounting~~Amendment to its Articles of Incorporation to effect the reverse split (the “Reverse Split”), effective as of February 21, 2014.

~~Basis~~On March 22, 2019, the eight judicial District Court of ~~Presentation~~Nevada appointed Custodian Ventures, LLC as custodian for Cereplast, Inc., proper notice having been given to the officers and ~~Organization~~directors of Cereplast, Inc. There was no opposition.

~~This summary of significant accounting policies of~~On ~~Hong~~June ~~Yuan~~04, ~~Holding~~2019, ~~Group. (a development stage company) (“~~the Company”) isfiled ~~presented~~a tocertificate ~~assist in understanding the Company’s financial statements. These accounting policies conform to accounting principles generally accepted in the United States~~ of ~~America~~revival ~~and have~~with ~~been consistently applied in~~ the ~~preparation~~state of ~~the~~Nevada, ~~accompanying~~appointing ~~financial~~David ~~statements.~~Lazar ~~The Company has realized minimal revenues from its planned principal business purpose and~~as, ~~accordingly~~President, ~~is considered to be in its development stage in accordance with Financial~~Secretary, ~~Accounting~~Treasurer ~~Standards~~and ~~Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No~~Director. ~~915 (SFAS No. 7). The Company has elected a fiscal year end of December 31.~~

~~Business~~A change ~~Description~~of control of the Company was completed on November 3, 2020, control was obtained by the sale of 50,000,000 common shares and $5,000,000 Series A-1 Preferred Shares from Custodian Ventures, LLC to Xudong Li. After November 3, 2020, the Company’s operations are determined and structured by the new major shareholder.

~~We were incorporated on September~~On ~~29,~~November ~~2001 in the State of Nevada under the name of Biocorp North America Inc. On March~~ 18, ~~2005~~2020, wethe Company filed an amendment to ~~our~~its certificate of incorporation to change ~~our~~its name to ~~Cereplast,~~Hong ~~Inc~~Yuan Holding Group.

~~On February 10, 2014, the~~The Company, ~~filed~~is a ~~voluntary~~development ~~petition~~stage ~~for~~enterprise ~~relief~~devoting ~~under~~substantial ~~Chapter~~efforts 11to ofestablishing ~~Title~~a 11new ofbusiness, ~~the~~financial ~~United~~planning, ~~States~~raising ~~Bankruptcy~~capital, and ~~Code~~research ininto ~~the~~products ~~United~~which ~~States Bankruptcy~~may ~~Court~~become ~~for~~part ~~the Southern District~~ of ~~Indiana (~~the ~~“Bankruptcy Court “). On February 14, 2014, the~~ Company ~~filed a motion in the Bankruptcy Court seeking to convert the Company~~’s ~~Chapter~~product 11portfolio. ~~Case~~The toCompany ahas ~~Chapter~~not 7realized ~~bankruptcy~~significant ~~case. On March 27, 2014,~~sales ~~the~~since ~~court~~inception. ~~granted~~A ~~the~~development ~~Company’s~~stage ~~motion~~company ~~and~~is ondefined ~~that~~as ~~date~~one ~~the~~in ~~Company’s~~which ~~Chapter~~all 11efforts ~~Case~~are ~~was~~devoted ~~converted~~substantially to establishing a ~~Chapter~~new ~~7 case. As~~business ~~a result~~and, ~~the~~even ~~Company~~if ~~adopted~~planned ~~liquidation~~principal ~~basis of accounting on the discontinued~~ operations ~~according~~have ~~to ASC 205-30 “Presentation of Financial Statements – Liquidation Basis of Accounting”~~commenced, ~~accordingly~~revenues ~~the~~are ~~accumulated deficit generated prior to bankruptcy proceedings remained unadjusted~~insignificant.

On October ~~January 31~~1, ~~2014~~2024, The Company entered into an agreement to acquire from Xudong Li (the ~~Board~~majority shareholder of ~~Directors~~the Company) 100% equity interest of ~~Cereplast~~Hongyuan International Holding Group Co., ~~Inc~~ Ltd. (~~the~~ “~~Company~~Hongyuan HK”) ~~approved~~in aexchange 1-for~~-50~~ ~~reverse~~HK ~~split~~$500,000 (~~the~~approximately ~~“Reverse Split~~$64,103) or ~~which~~issuing ~~was~~the ~~previously~~equivalent ~~approved~~value byof the ~~shareholders on~~Company’s ~~April~~common 5stocks, ~~2013~~payable upon the completion of changing registered owner with the Administration for Industrial and ~~previously~~Commerce. ~~disclosed~~Hongyuan onHK ~~Current~~was ~~Report~~established ~~Form~~in ~~8-K~~Hong ~~filed~~Kong on ~~April~~July 528, ~~2013~~2021.

OnAlso on ~~February~~October 31, ~~2014~~2024, ~~Cereplast~~Hongyuan HK entered into a series of agreements including a Shareholders’ Voting Rights Entrustment Agreement, an ~~Inc~~Exclusive Management Consulting and Service Agreement and a Share Pledge Agreement (collectively the “Agreements”) with Fengcuiyuan Chang Technology Development Co., Ltd (“Fengcuiyuan”) and its registered owners (the “~~Company~~Transaction”). ~~filed~~Fengcuiyuan is a ~~Certificate~~corporation formed under the laws of ~~Amendment~~the toPRC on September 3, 2021, in which Xudong Li (the majority shareholder of the Company) controls 95% of its ~~Articles~~equity interest. Fengcuiyuan owns 98% of ~~Incorporation~~Rongcheng to(Sichuan) ~~effect~~Supply ~~the~~Chain ~~reverse~~Management ~~split~~Co., Ltd (“Rongcheng”), a corporation formed under the ~~“Reverse~~laws ~~Split~~of the PRC located in Chengdu, Sichuan, China, incorporated on April 17, 2024. On November 12, 2024, Chongqing Xuchang Qingrong Trading Co., Ltd. (“Xuchang”) located in Chongqing, ~~effective~~ Sichuan, China, was formed as ofa ~~February~~55% ~~21,~~subsidiary of ~~2014~~Rongcheng.

On March 22, 2019, the eight judicial District Court of Nevada appointed Custodian Ventures, LLC as custodian for Cereplast, Inc., proper notice having been given to the officers and directors of Cereplast, Inc. There was no opposition.7

OnAccording to ~~June~~the 04Agreements, ~~2019,~~Hongyuan ~~the~~HK ~~Company~~assumed ~~filed~~financial and operating control of Fengcuiyuan. As a ~~certificate~~result, Hongyuan HK has been determined to ofhave ~~revival~~a ~~with~~controlling financial interest in Fengcuiyuan, requiring Hongyuan HK to consolidate the ~~state~~financial statements of ~~Nevada~~Fengcuiyuan and its subsidiaries, ~~appointing~~and ~~David~~ultimately ~~Lazar~~consolidate ~~as,~~with ~~President~~its parent company, ~~Secretary~~Hong Yuan. The Transaction was accounted for as a reorganization of entities under common control. As the combining entities have been under common control since September 2021, ~~Treasurer~~the consolidated financial statements of the Company recognized the assets and ~~Director~~liabilities received in the reorganization at their historical carrying amounts, as reflected in the historical financial statements of each entity.

OnThe Company, ~~October~~through 4,its ~~2019,~~subsidiary and the ~~Company~~Agreements ~~issued~~with 50Fengcuiyuan,~~000,000 shares~~ offocuses ~~common~~on ~~stock~~supply tochain ~~Custodian~~management ~~Ventures~~services, ~~LLC~~is atmainly ~~par~~engaged ~~for shares valued at $50,000~~ in the ~~exchange~~wholesale ~~for~~and ~~settlement~~internet ofsales ~~a portion~~ of afast-moving ~~related party~~consumer ~~loan~~goods ~~for~~such ~~amounts~~as ~~advanced~~food, todaily ~~the Company in the amount of $20~~necessities,~~100,~~ and aelectronic ~~note~~products, ~~receivable~~covering ~~due~~diversified fields tosuch ~~the~~as ~~Company~~pre-packaged ~~in the amount of $29~~food,~~900. The~~ ~~note~~agricultural ~~bears an interest of 3%~~ and ~~matures in 180 days following written demand~~ by-products, ~~the~~and ~~holder~~household goods.

OnThe accompanying ~~April~~financial ~~14,~~statements ~~2020~~have been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, ~~Custodian~~there ~~Ventures~~can ~~elected~~be no assurance that the Company will be able to ~~convert~~raise additional equity capital, or be successful in the ~~total~~development ~~amount~~and commercialization of the ~~510~~products ~~shares~~it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets ~~Series~~or Athe ~~preferred~~amounts ~~stock~~and ~~into~~classification ~~510~~of ~~shares~~liabilities that may result from the possible inability of ~~common~~the ~~stock~~Company to continue as a going concern.

~~On April 15, 2020, the Board of directors of the Company~~Note ~~approved~~2 ~~the~~– ~~withdrawal~~Summary of ~~the~~significant ~~certificate~~accounting of designation of 5,000,000 shares of Series A Preferred stock filed with the Nevada Secretary of State on August 24, 2012, as amended by the Amendment to Certificate of Designation after issuance of Class or Series filed with the Nevada Secretary of State on April 13, 2020.policies

7Basis of Presentation

OnThis summary ~~May~~of 1,significant ~~2020,~~accounting policies of the Company ~~created~~(a ~~5,000,000~~development ~~shares of~~stage ~~series~~company) ~~A-1~~is ~~preferred~~presented ~~stock~~to ~~with~~assist ~~par~~in ~~value~~understanding $0the Company’s financial statements.~~001.~~ OnThese ~~May~~accounting 4,policies ~~2020,~~conform to accounting principles generally accepted in the ~~Company~~United ~~issued~~States ~~5,000,000~~of ~~shares~~America and have been consistently applied in the preparation of the ~~Series~~accompanying ~~A-1~~financial ~~Preferred~~statements. ~~stock~~The Company has realized insignificant revenues ~~valued~~from atits $5planned principal business purpose and,~~000~~ accordingly, is considered to ~~Custodian~~be ~~Ventures~~in ~~LLC~~its asdevelopment ~~repayment~~stage ~~funds~~in ~~loaned~~accordance towith ~~the~~Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 915 (SFAS No. 7). The Company has elected a fiscal year end of December 31.

~~A change of control of the Company was completed on~~Principles ~~November 3, 2020, control was obtained by the sale~~ of 50,000,000 common shares and $5,000,000 Series A-1 Preferred Shares from Custodian Ventures, LLC to Xudong Li. After November 3, 2020, the Company’s operations are determined and structured by the new major shareholder.Consolidation

OnThe consolidated ~~November~~financial ~~18,~~statements ~~2020,~~include the ~~Company~~ ~~filed~~accounts anof ~~amendment~~the toCompany, its ~~certificate~~subsidiary ofand ~~incorporation~~variable tointerest ~~change~~entity ~~its~~(“VIE”) for ~~name~~which tothe ~~Hong~~Company ~~Yuan~~is ~~Holding~~the ~~Group~~primary beneficiary. All inter-company accounts and transactions have been eliminated in consolidation.

~~The accompanying financial statements are prepared~~In ondetermining ~~the~~Fengcuiyuan ~~basis of accounting principles generally accepted in the United States of America (“GAAP”). The Company~~ is a ~~development stage~~VIE ~~enterprise~~of ~~devoting~~Hongyuan ~~substantial efforts to establishing a new business~~HK, ~~financial planning, raising capital, and research into products which may become part of~~ the Company’s ~~product~~considered ~~portfolio.~~the ~~The~~following ~~Company has not realized significant sales since inception. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and~~indicators, ~~even~~among ~~if planned principal operations have commenced, revenues are insignificant.~~others:

~~The~~1. ~~Company~~Hongyuan isHK ~~planning~~enjoys ~~potential~~exclusive ~~acquisitions.~~and ~~The management~~non-competitive ~~has~~rights ~~approached~~to ~~several~~intellectual ~~companies~~property inrights ~~China~~ and ~~met~~licensing arising from the ~~management~~performance of ~~potential~~the ~~acquisition~~Agreements, ~~targets~~and controls and administers the financial affairs and daily operation of Fengcuiyuan. The ~~Company~~registered ~~feels~~owners ~~strongly that~~of ~~despite~~Fengcuiyuan as a group have no right to make any decision about Fengcuiyuan’s activities without the ~~challenges~~consent of ~~cross~~Hongyuan ~~border~~HK. ~~business,~~2. itHongyuan ~~might~~HK beis ~~able~~assigned toall ~~acquire~~voting ~~some~~rights ~~good~~of ~~growth~~Fengcuiyuan ~~companies~~and has the right to appoint all directors and ~~bring~~senior ~~good~~management ~~values~~personnel of Fengcuiyuan. The registered owners of Fengcuiyuan possess no substantive voting rights. 3. The registered owners of Fengcuiyuan have pledged their shares in Fengcuiyuan as collateral to ~~our~~ ~~stockholders~~secure these Agreements. ~~Although~~4. The Agreements are valid for 10 years. Termination is prohibited by Fengcuiyuan and its registered owners, making termination within the control of the Company. 5. Hongyuan HK is ~~making~~entitled ~~some~~to ~~progress~~a inmanagement consulting and service fee based on the ~~Merger~~workload and ~~Acquisition~~commercial ~~efforts,~~value ~~any~~of ~~potential~~the ~~results~~technical services provided at a price agreed upon by both parties, ifhas the right to adjust the consulting service fee standards at any time based on the quantity and content of the services provided to Fengcuiyuan. Therefore, ~~are still~~Hongyuan ~~not~~HK ~~certain~~is the primary beneficiary of Fengcuiyuan.

The accompanying financial statements have been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital, or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.8

~~Note 2 – Summary~~ Use of ~~significant accounting policies~~Estimates

~~Unaudited~~The preparation ~~Interim~~of ~~Financial~~financial ~~Information~~statements in conformity with generally accepted accounting principles 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 amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.

~~These unaudited interim financial statements have~~Cash ~~been prepared in accordance with GAAP for interim financial reporting~~ and ~~the~~Cash rules and regulations of the Securities and Exchange Commission that permit reduced disclosure for interim periods. Therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all adjustments of a normal recurring nature necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented have been made. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the year ending December 31, 2024.Equivalents

~~The balance sheets and certain comparative information~~For aspurposes of ~~December~~reporting ~~31,~~within ~~2023 are derived from~~ the ~~audited financial~~ statements ~~and~~of ~~related~~cash ~~notes~~flows, ~~for~~ the ~~year~~Company ~~ended~~considers ~~December~~all ~~31,~~cash ~~2023~~on hand, ~~included in~~cash ~~the~~accounts ~~Company’s~~not ~~Form~~subject ~~10K.~~to ~~These~~withdrawal restrictions ~~unaudited~~or ~~interim~~penalties, ~~financial~~and ~~statements~~all ~~should~~highly beliquid ~~read~~debt ininstruments ~~conjunction~~purchased with ~~the~~a ~~annual~~maturity ~~consolidated financial~~of ~~statements~~three ~~and~~months ~~the~~or ~~accompanying~~less ~~notes~~to ~~contained~~be incash ~~our~~and ~~Form 10K~~cash equivalents.

~~Cash~~ Property and ~~Cash Equivalents~~Equipment

~~For~~Property and ~~purposes~~equipment ofare ~~reporting~~stated ~~within~~at ~~the~~cost ~~statements~~less ofaccumulated depreciation. Major repairs and betterments that significantly extend original useful ~~cash~~lives ~~flows,~~or improve productivity are capitalized and depreciated over the ~~Company~~period ~~considers~~benefited. ~~all~~Maintenance ~~cash~~and onrepairs ~~hand,~~are ~~cash~~expensed ~~accounts~~as ~~not~~incurred. When ~~subject~~property toand ~~withdrawal~~equipment ~~restrictions~~are retired or ~~penalties~~otherwise disposed of, the related cost and ~~all~~accumulated ~~highly~~depreciation are removed from the ~~liquid~~respective ~~debt~~accounts, ~~instruments~~and ~~purchased~~any ~~with~~gain aor ~~maturity~~loss is included in operations. Depreciation of ~~three~~property ~~months~~and orequipment ~~less~~is toprovided beusing ~~cash~~the ~~and~~straight-line method ~~cash~~for ~~equivalents.~~substantially all assets with estimated lives as follows:

8Schedule of Estimated Useful Lives of Property and Equipment

Employee Stock-Based Compensation

Machinery & equipment	10 years
Automobile	4 years
Office equipment	3 years

The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.Lease

~~Loss~~ASC Topic ~~per~~842, ~~Share~~“Leases” requires recognition of leases on the balance sheets as right-of-use (“ROU”) assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. The Company’s future minimum lease payments used to determine the Company’s lease liabilities mainly include minimum lease rent payments. Leases with a lease term of 12 months or less at inception are not recorded on the Company’s balance sheet and are expensed on a straight-line basis over the lease term in the Company’s statement of operations. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company’s incremental borrowing rate is a hypothetical rate based on its understanding of what its credit rating would be.

~~Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted~~Stock-~~average number of common shares available. Diluted earnings (loss) per share is~~Based computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the nine months ended September 30, 2024 and 2023, as there are no potential shares outstanding that would have a dilutive effect.Compensation

~~Income~~The Company ~~Taxes~~accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.

Income tax expense is based on pretax financial accounting income. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Valuation allowances are recorded to reduce deferred tax assets to the amount that will more likely than not be realized. The Company recorded a valuation allowance against its deferred tax assets as of September 30, 2024 and December 31, 2023.9

~~The Company accounts for uncertainty in income taxes~~Loss ~~using~~per a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. The Company classifies the liability for unrecognized tax benefits as current to the extent that the Company anticipates payment (or receipt) of cash within one year. Interest and penalties related to uncertain tax positions are recognized in the provision for income taxes.Share

~~Note~~Basic 3earnings –(loss) ~~Going~~per ~~Concern~~share are computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company’s diluted income and loss per share is the same as the basic income and loss per share for the three months ended March 31, 2025 and 2024, as there are no potential shares outstanding that would have a dilutive effect.

~~The accompanying financial statements have been prepared~~Income assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.Taxes

~~Note~~Income tax 4expense –is ~~Related~~based ~~party~~on ~~transaction~~pretax financial accounting income. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Valuation allowances are recorded to reduce deferred tax assets to the amount that will more likely than not be realized. The Company recorded a valuation allowance against its deferred tax assets as of March 31, 2025 and December 31, 2024.

~~During~~The Company accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the ~~nine~~tax ~~months~~position ~~ended~~for ~~September~~recognition ~~30,~~by ~~2024,~~determining if the weight of available evidence indicates that it is more ~~Company’s~~likely ~~current~~than ~~majority~~not ~~shareholder~~that ~~advanced~~the ~~$31~~position will be sustained on audit,~~218~~ including resolution of related appeals or litigation processes, if any. The second step is to measure the ~~Company~~tax benefit as ~~working~~the ~~capital.~~largest Asamount that is more than 50% likely of ~~September~~being ~~30,~~realized ~~2024~~upon ~~and~~settlement. ~~December~~The ~~31,~~Company ~~2023,~~classifies the ~~Company~~liability ~~owed~~for ~~its~~unrecognized tax benefits as current ~~majority~~to ~~shareholders~~the extent that the Company anticipates payment (or receipt) of ~~$181,393~~cash ~~and~~within ~~$150,175,~~one ~~respectively~~year. ~~The~~Interest ~~advances~~and ~~are~~penalties ~~non-interest~~related ~~bearing and~~to uncertain tax positions are ~~due~~recognized onin ~~demand~~the provision for income taxes.

9Note 3 - Going Concern

~~Note~~The accompanying 5financial –statements ~~Common~~have ~~stock~~been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

~~At September 30, 2024, the Company is authorized to~~Note ~~issue~~4 ~~250,000,000~~- ~~shares~~Property ofand ~~$0.001 par value common stock.~~Equipment

~~As of September 30, 2024, a total of 74,640,766 shares~~Property ofand ~~common~~equipment ~~stock~~consist ~~with par value $0.001 remain outstanding.~~of:

~~Note~~Schedule of 6Property –and ~~Preferred stock~~Equipment

As of September 30, 2024, a total of 5,000,000 shares of Series A-1 preferred stock with par value $0.001 is authorized and remain outstanding.

	March 31,			December 31,
	2025			2024

Office Equipment	$	4,034		$	4,011
Total		4,034			4,011
Less: accumulated depreciation		(3,810	)		(3,454	)

Property and equipment, net	$	224		$	557

~~Note 7 – Income Taxes~~10

~~Deferred taxes represent the net tax effects of the~~Note ~~temporary~~5 ~~differences~~– ~~between the carrying amounts of assets and liabilities for financial reporting purposes. Temporary differences result primarily from the recording of tax benefits of net operating loss carry forwards.~~Leases

AsOn April ~~of September 30~~10, 2024, ~~the~~Fengcuiyuan ~~Company~~entered ~~has~~into an ~~insufficient history~~operating lease agreement to ~~support~~rent ~~the~~an ~~likelihood~~office. ofThe ~~ultimate~~lease ~~realization~~has ofan ~~the~~original ~~benefit~~term ~~associated~~of ~~with~~2 ~~the~~years ~~deferred~~expiring April ~~tax~~24, ~~asset~~2026. ~~Accordingly~~Effective January 25, a2025, ~~valuation~~the lease was modified to change lessee to Rongcheng and an unrelated third party with each ~~allowance~~occupying ~~has~~50% ~~been~~of ~~established~~the premises and responsible for 50% of the ~~full~~lease ~~amount~~payment. As a result of the ~~net~~lease ~~deferred~~modification, ~~tax~~right-of-use asset and related liability were reduced by $46,710.

~~Uncertain~~Balance sheet ~~Tax~~information ~~Positions~~related to the Company’s leases is presented below:

~~Interest associated with unrecognized tax benefits~~Schedule ~~are classified as income tax, and penalties are classified in selling, general and administrative expenses in the statements~~ of ~~operations. For~~Balance ~~the~~Sheet ~~nine~~Information ~~months~~Related ~~ended~~to ~~September 30, 2024 and 2023, the~~ Company’s ~~had no unrecognized tax benefits and related interest and penalties expenses. Currently, the Company is not subject to examination by major tax jurisdictions.~~Leases

Note 8 – Subsequent Event

	March 31 2025
Operating Leases
Operating lease right-of-use assets	$	37,713

Operating lease liabilities - current		37,713
Operating lease liability – non-current		-
Total operating lease liabilities	$	37,713

~~In accordance with SFAS 165 (ASC 855-10) management~~The ~~has~~following ~~performed~~provides andetails ~~evaluation~~ of ~~subsequent events through~~ the ~~date~~Company’s ~~that~~lease ~~the financial statements were available to be issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.~~expenses:

10Schedule of Company’s Lease Expenses

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

	2025		2024
	Three Months Ended March 31,
	2025		2024
Operating lease expense	$	9,652	$	-

~~Forward~~Other information ~~Looking~~related ~~Statement~~to ~~Notice~~leases is presented below:

~~Certain statements made in this Quarterly Report on~~Schedule ~~Form 10-Q are “forward-looking statements” (within the meaning~~ of ~~the~~Other ~~Private~~Information ~~Securities~~Related Litigation Reform Act of 1995) regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Crown Marketing, (“we”, “us”, “our” or the “Company”) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Company’s plans and objectives are based, in part, on assumptions involving the continued expansion of business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes its assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.Leases

Overview

	Three Months Ended
	March 31, 2025
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows from operating leases	$	9,652

Weighted Average Remaining Lease Term:
Operating leases		1.07 years

Weighted Average Discount Rate:
Operating leases		5.6	%

~~The Company was incorporated in the state of Nevada~~Maturities on September 14, 2001 under the name Biocorp North America, Inc. On July 19, 2004 the Company changed its name to Nat-UR, Inc. and on March 18, 2005 it changed its name again to Cereplast, Inc. In the summer of ~~2014,~~lease ~~the~~liabilities ~~Company~~were ~~ceased~~as ~~all operations.~~follows:

~~On March 22, 2019, the eight judicial District Court~~Schedule of ~~Nevada~~Maturities ~~appointed Custodian Ventures, LLC as custodian for Cereplast, Inc., proper notice having been given to the officers and directors~~ of ~~Cereplast,~~Lease ~~Inc. There was no opposition.~~Liabilities

On June 04, 2019, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director.

For the 12 months ending December 31:
2025 (9 months remaining)	$	29,021
2026		9,674
Total lease payments		38,695
Less: imputed interest		(982	)
Total lease liabilities		37,713
Less: current portion		(37,713	)
Lease liabilities – non-current portion	$	-

~~A change of control of the Company was completed on~~Note ~~November~~6 3,– ~~2020,~~Related ~~control~~party was obtained by the sale of 50,000,000 common shares and $5,000,000 Series A-1 Preferred Shares from Custodian Ventures, LLC to Xudong Li. After November 3, 2020, the Company’s operations are determined and structured by the new major shareholder.transaction

OnDuring the ~~November~~three 18months ended March 31, ~~2020~~2025, the Company’s ~~filed~~current anmajority ~~amendment~~ shareholder advanced $2,461 to ~~its~~the ~~certificate~~Company as working capital. As of ~~incorporation~~March to31, ~~change~~2025 and December 31, 2024, the Company owed its ~~name~~current tomajority ~~Hong~~shareholder ~~Yuan~~of ~~Holding~~$254,349 ~~Group~~and $251,887, respectively, including $64,103 for acquisition of Hongyuan HK. The advances are non-interest bearing and are due on demand.

We have not yet generated sustained profits from our prior operations. Our independent accountants have expressed a “going concern” opinion. As of September 30, 2024, we had an accumulated deficit of $97,448,110 and a net working capital deficit of $182,433.11

~~While our current burn rate is nominal, it is expected~~Note ~~that~~7 ~~our~~– ~~costs~~Common of operations will continue to exceed revenues, primarily due to the costs associated with being a public reporting company. Based upon our current business plan, we may continue to incur losses in the foreseeable future and there can be no assurances that we will ever establish profitable operations. These and other factors raise substantial doubt about our ability to continue as a going concern.stock

~~The Company is planning potential acquisitions. The~~At ~~management~~March ~~has~~31, ~~approached several companies in China and met the management of potential acquisition targets. The Company feels strongly that despite the challenges of cross border business~~2025, ~~it might be able to acquire some good growth companies and bring good values to our stockholders. Although~~ the Company is ~~making~~authorized ~~some~~to ~~progress~~issue ~~in the Merger and Acquisition efforts~~2,000,000,000 ~~any~~shares ~~potential~~of ~~results,~~$0.001 ifpar ~~any,~~value ~~are still~~common ~~not certain~~stock.

11As of March 31, 2025, a total of 74,640,766 shares of common stock with par value $0.001 remain outstanding.

~~Critical~~Note 8 ~~Accounting~~– ~~Policies,~~Preferred ~~Judgments and Estimates~~stock

~~Our discussion and analysis of our financial condition~~As ~~and results~~ of ~~operations~~March ~~is based upon our consolidated financial statements~~31, ~~which have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The preparation of these consolidated financial statements requires us to make estimates~~2025, ~~judgments~~ ~~and~~a ~~assumptions~~total ~~that affect the reported amounts~~ of ~~assets~~5, ~~liabilities~~000,000 ~~revenues~~shares ~~and expenses, and the related disclosure~~ of ~~contingent~~ ~~assets~~Series ~~and~~A-1 ~~liabilities.~~preferred Westock ~~base~~with ~~our~~par ~~estimates~~value on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources$0.001 ~~Actual~~remain ~~results may differ from these estimates~~outstanding.

~~An accounting policy is considered to be critical~~NOTE if9 it– ~~requires~~INCOME an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimate that are reasonably likely to occur, could materially impact the consolidated financial statements. We believe that the following critical accounting policies reflect the more significant estimates and assumptions used in the preparation of the consolidated financial statements.TAXES

~~Revenue~~The Company ~~Recognition~~is subject to taxation in the United States (USA) and its subsidiaries were incorporated in China and are governed by the Income Tax Law of China.

~~ASU~~Deferred taxes ~~No.~~represent ~~2014-09,~~the ~~Revenue~~net ~~from~~tax ~~Contracts with~~effects ~~Customers~~of ~~(“Topic~~the ~~606”),~~temporary ~~became~~differences ~~effective~~between ~~for~~ the ~~Company~~carrying onamounts ~~January~~of 1,assets ~~2018~~ and ~~were~~liabilities ~~adopted~~for ~~using the modified~~financial ~~retrospective~~reporting ~~method~~purposes. ~~The~~Temporary ~~adoption~~differences ofresult ~~the~~primarily ~~new~~from ~~revenue~~the ~~standards~~recording as of ~~January~~tax 1,benefits ~~2018~~of ~~did~~net ~~not~~operating ~~change~~loss ~~the~~carry ~~Company’s revenue recognition as there were no revenues during the period~~forwards.

~~Under~~As of ~~the~~March ~~new~~31, ~~revenue standards~~2025, the Company ~~recognizes revenues~~has ~~when its customer obtains control of promised goods or services, in~~ an ~~amount~~insufficient ~~that~~history ~~reflects the consideration which it expects~~ to ~~receive~~support inthe ~~exchange~~likelihood ~~for~~of ~~those~~ultimate ~~goods.~~realization ~~The~~of ~~Company recognizes revenues following~~ the ~~five~~benefit ~~step model prescribed under ASU No. 2014-09:~~associated ~~(i) identify contract(s)~~ with ~~a customer; (ii) identify~~ the ~~performance~~deferred ~~obligations~~tax inasset. ~~the~~Accordingly, ~~contract;~~a ~~(iii)~~valuation ~~determine~~allowance ~~the~~has ~~transaction~~been ~~price; (iv)~~established ~~allocate~~for the ~~transaction~~full ~~price~~amount toof the ~~performance~~net ~~obligations~~deferred intax ~~the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation~~asset.

~~Accounts~~Uncertain Tax ~~receivable~~Positions

~~The Company reviews accounts receivable periodically~~Interest ~~for~~associated ~~collectability~~with ~~and~~unrecognized ~~establishes~~tax anbenefits ~~allowance~~are ~~for~~classified ~~doubtful~~as ~~accounts~~income tax, and ~~records~~penalties ~~bad~~are ~~debt~~classified ~~expense~~in ~~when~~selling, ~~deemed~~general ~~necessary.~~and ~~Our allowance~~administrative ~~for~~expenses doubtful accounts is maintained to provide for losses arising from customers’ inability to make required payments. If there is deterioration of our customers’ credit worthiness and/or there is an increase in the ~~length~~statements of ~~time~~operations. ~~that~~For the ~~receivables~~three ~~are past~~months ~~due~~ended ~~greater~~March ~~than~~31, ~~the~~2025 ~~historical~~and ~~assumptions used~~2024, ~~additional~~the ~~allowances may be required. The~~ Company ~~has~~had no ~~accounts~~unrecognized ~~receivables~~tax benefits and ~~therefore~~related asinterest ofand ~~September~~penalties 30expenses. Currently, ~~2024~~the ~~and~~Company ~~December~~is ~~31,~~not ~~2023,~~subject noto ~~allowance~~examination ~~for~~by ~~doubtful~~major ~~accounts~~tax ~~is necessary~~jurisdictions.

~~Income~~Note 10 ~~Taxes~~– Subsequent Event

~~The Company follows the asset and liability method~~In ofJune ~~accounting for future income taxes. Under this method~~2025, ~~future income tax assets and liabilities are recorded based on temporary differences between~~ the ~~carrying~~Company ~~amount~~changed ofits ~~assets~~business ~~and liabilities and their corresponding tax basis~~model. InRongcheng ~~addition,~~relinquished ~~the~~its ~~future~~55% ~~benefits~~ownership ofin ~~income tax assets including unused tax losses~~Xuchang, ~~are~~but ~~recognized,~~will ~~subject~~still tofund ~~a valuation allowance to~~ the ~~extent~~opening of ~~that~~stores itoperated isby ~~more~~Xuchang. ~~likely~~The ~~than~~investment ~~not~~funds ~~that such~~for ~~future~~stores ~~benefits~~ will ~~ultimately~~ be ~~realized.~~recovered ~~Future~~as ~~income~~loans ~~tax~~in ~~assets~~the ~~and~~future ~~liabilities~~from ~~are measured using enacted tax rates and laws expected to apply when~~ the ~~tax liabilities or assets are to be either settled or realized. The Company~~stores’s ~~effective tax rate approximates the Federal statutory rates~~profits.

~~Results of Operations for the Three and Nine Months Ended September 30, 2024 compared to the Three and Nine Months Ended September 30, 2023~~12

~~During~~Item 2. ~~the~~Management’s ~~three~~Discussion and ~~nine~~Analysis ~~months~~of ~~ended~~Financial ~~September~~Condition ~~30, 2024~~ and ~~2023,~~Results weof ~~generated no revenues~~Operations.

12Forward Looking Statement Notice

~~Operating~~Certain statements ~~expenses,~~made ~~during~~in this Quarterly Report on Form 10-Q are “forward-looking statements” (within the ~~quarter~~meaning ~~ended~~of ~~September~~the ~~30,~~Private ~~2024,~~Securities ~~was~~Litigation ~~$5,495~~Reform ~~compared~~Act toof ~~$10,166~~1995) ~~during~~regarding the ~~quarter~~plans ~~ended~~and ~~September~~objectives 30of management for future operations. Such statements involve known and unknown risks, ~~2023~~uncertainties and other factors that may cause actual results, aperformance ~~decrease~~or achievements of $4Crown Marketing,~~671~~ (“we”, “us”, “our” or 45the “Company”) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.9% The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The ~~decrease~~Company’s ~~was~~plans ~~mainly~~and ~~due~~objectives toare based, in part, on assumptions involving the ~~lower~~continued ~~professional~~expansion ~~fees~~of business. ~~Operating~~Assumptions ~~expenses,~~relating ~~during~~to the ~~nine~~foregoing involve ~~months~~judgments ~~ended~~with ~~September~~respect 30to, ~~2024~~among other things, ~~was~~future ~~$31~~economic,~~189~~ ~~compared~~competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the ~~$31~~Company believes its assumptions underlying the forward-looking statements are reasonable,~~419~~ ~~during~~any of the ~~nine~~assumptions ~~months~~could ~~ended~~prove ~~September~~inaccurate and, 30therefore, ~~2023~~there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, athe ~~decrease~~inclusion of ~~$230~~such information should not be regarded as a representation by the Company or ~~0.7%,~~any ~~relatively~~other ~~flat~~person that the objectives and plans of the Company will be achieved.

During the quarter ended September 30, 2024, the Company incurred a net loss of $5,495, compared to a net loss of $10,166 during the quarter ended September 30, 2023, a decrease of $4,671. The decrease in net loss in the quarter ended September 30, 2024 was primarily due to the decrease in operating expenses. During the nine months ended September 30, 2024, the Company incurred a net loss of $31,189, compared to a net loss of $31,419 during the nine months ended September 30, 2023, a decrease of $230, relatively flat.Overview

~~Liquidity~~The Company ~~and~~was ~~Capital~~incorporated ~~Resources~~in the state of Nevada on September 14, 2001 under the name Biocorp North America, Inc. On March 18, 2005, it changed its name to Cereplast, Inc. In the summer of 2014, the Company ceased all operations.

AsA change of ~~September~~control ~~30,~~of ~~2024~~the ~~and~~Company ~~December~~was 31completed on November 3, ~~2023~~2020, ~~we had~~control awas ~~cash~~obtained ~~balance~~by the sale of 50,000,000 common shares and $0.5,000,000 ~~Due~~Series A-1 Preferred Shares from Custodian Ventures, LLC to ~~the~~Xudong ~~lack~~Li. ofAfter ~~revenue~~November 3, 2020, the ~~company~~Company’s operations are ~~primarily~~determined ~~funded~~and structured by the ~~Company’s~~new ~~CEO and~~ major shareholder.

~~To the extent that the Company’s capital resources~~On ~~are~~November ~~insufficient to meet current or planned operating requirements~~18, ~~the Company will seek additional funds through equity or debt financing~~2020, ~~collaborative~~ ~~or other arrangements with corporate partners, licensees or others, and from other sources, which may have~~ the ~~effect of diluting the holdings of existing shareholders. The~~ Company ~~has~~filed noan ~~current~~amendment ~~arrangements with respect~~ to, orits ~~sources~~certificate of, ~~such~~incorporation ~~additional financing~~to ~~and~~change ~~the~~its ~~Company~~name does not anticipate that existing shareholders will provide any portion of the Company’s future financing requirements. Mr. Xudong, the CEO and principal shareholder of the Company, would favorably entertain funding, through loans, corporate expenses for approximately 24 months. Any loans by Mr. Xudong would be on an interest-free basis, documented by a promissory note and payable only upon consummation of a business combination transaction. Upon consummation of a business combination, we or the target may reimburse Mr. Xudong for any such loans from funds furnished by the target. We have no written agreement with Mr. Xudong to ~~advance~~Hong ~~any further~~Yuan ~~funds~~Holding ~~for future operating expense, therefore there is no assurance that such funds from Mr~~Group. ~~Xudong will be forth coming, if required.~~

NoOn October ~~assurance~~1, ~~can~~2024, beThe ~~given~~Company ~~that~~entered ~~additional~~into ~~financing will~~an beagreement ~~available~~to ~~when~~acquire ~~needed~~from orXudong ~~that~~Li ~~such~~(the ~~financing~~majority ~~will~~shareholder beof ~~available~~the onCompany) ~~terms~~100% ~~acceptable~~equity interest toof ~~the~~Hongyuan ~~Company.~~International IfHolding ~~adequate~~Group ~~funds~~Co., ~~are~~Ltd. ~~not~~(“Hongyuan ~~available, the~~HK”) ~~Company~~in ~~may~~exchange befor ~~required~~HK to$500,000 ~~delay~~(approximately $64,103) or ~~terminate~~issuing ~~expenditures~~the ~~for~~equivalent ~~certain~~value of ~~its~~the ~~programs~~Company’s ~~that~~common itstocks, ~~would~~payable ~~otherwise~~upon ~~seek~~the tocompletion ~~develop~~of ~~and commercialize.~~changing ~~This~~registered ~~would~~owner ~~have~~with athe Administration ~~material~~for ~~adverse~~Industrial ~~effect~~and ~~on the Company~~Commerce. ~~These~~Hongyuan ~~factors~~HK ~~raise~~was ~~substantial~~established ~~doubt~~in ~~about~~Hong ~~the~~Kong ~~ability~~on ofJuly ~~the Company~~28, ~~to continue as a going concern~~2021.

~~Operating~~Also on ~~Activities~~October 1, 2024, Hongyuan HK entered into a series of agreements including a Shareholders’ Voting Rights Entrustment Agreement, an Exclusive Management Consulting and Service Agreement and a Share Pledge Agreement (collectively the “Agreements”) with Fengcuiyuan Chang Technology Development Co., Ltd (“Fengcuiyuan”) and its registered owners (the “Transaction”). Fengcuiyuan is a corporation formed under the laws of the PRC on September 3, 2021, in which Xudong Li (the majority shareholder of the Company) controls 95% of its equity interest. Fengcuiyuan owns 98% of Rongcheng (Sichuan) Supply Chain Management Co., Ltd (“Rongcheng”), a corporation formed under the laws of the PRC located in Chengdu, Sichuan, China, incorporated on April 17, 2024. On November 12, 2024, Chongqing Xuchang Qingrong Trading Co., Ltd. (“Xuchang”) located in Chongqing, Sichuan, China, was formed as a 55% subsidiary of Rongcheng.

WeAccording to ~~neither~~the ~~generated~~Agreements, ~~nor~~Hongyuan ~~used~~HK ~~cash~~assumed infinancial and operating ~~activities~~control of Fengcuiyuan. As a result, Hongyuan HK has been determined to ~~during~~have a controlling financial interest in Fengcuiyuan, requiring Hongyuan HK to consolidate the ~~nine~~financial ~~months~~statements ~~ended~~of Fengcuiyuan and its subsidiaries, and ultimately consolidate with its parent company, Hong Yuan. The Transaction was accounted for as a reorganization of entities under common control. As the combining entities have been under common control since September 302021, ~~2024~~the consolidated financial statements of the Company recognized the assets and ~~2023~~liabilities received in the reorganization at their historical carrying amounts, as reflected in the historical financial statements of each entity.

~~Investing Activities~~13

WeThe Company, ~~neither~~through ~~generated~~its ~~nor~~subsidiary ~~used~~and ~~cash~~the inAgreements ~~investing~~with ~~activities during~~Fengcuiyuan, focuses on supply chain management services, is mainly engaged in the ~~nine~~wholesale ~~months~~and ~~ended~~internet ~~September~~sales 30of fast-moving consumer goods such as food, ~~2024~~daily necessities, and ~~2023~~electronic products, covering diversified fields such as pre-packaged food, agricultural and by-products, and household goods.

~~Financing~~We have ~~Activities~~not yet generated sustained profits from our prior operations. Our independent accountants have expressed a “going concern” opinion. As of March 31, 2025, we had an accumulated deficit of $97,746,780 and a net working capital deficit of $168,763.

WeWhile our ~~neither~~current ~~generated~~burn ~~nor~~rate ~~used~~is ~~cash~~nominal, init ~~financing~~is ~~activities during~~expected that our costs of operations will continue to exceed revenues, primarily due to the costs ~~nine~~associated ~~months~~with ~~ended~~being ~~September~~a 30public reporting company. Based upon our current business plan, ~~2024~~we may continue to incur losses in the foreseeable future and ~~2023~~there can be no assurances that we will ever establish profitable operations. These and other factors raise substantial doubt about our ability to continue as a going concern.

~~Going~~Critical Accounting ~~Concern~~Policies, Judgments and Estimates

~~The~~Our discussion ~~accompanying~~and analysis of our financial condition and results of operations is based upon our consolidated financial statements, which have been prepared ~~assuming~~ ~~that~~in ~~the~~accordance ~~Company~~with ~~will~~U.S. ~~continue~~Generally asAccepted aAccounting ~~going~~Principles ~~concern~~(“GAAP”). AsThe ~~shown~~preparation inof ~~the~~these ~~accompanying~~ consolidated financial statements, werequires ~~have~~us ~~incurred~~to ~~net~~make ~~losses of $31~~estimates,~~189~~ judgments and ~~$31,419~~assumptions ~~for~~that affect the ~~nine~~reported ~~months~~amounts ~~ended~~of ~~September~~assets, 30liabilities, revenues ~~2024~~ and ~~2023~~expenses, ~~respectively,~~and the related disclosure of contingent assets and ~~have~~liabilities. aWe ~~working~~base ~~capital~~our ~~deficit~~estimates ofon ~~$182,433~~historical experience asand ofon ~~September~~various ~~30,~~other ~~2024,~~assumptions inthat ~~addition~~we tobelieve aare ~~stockholders’~~reasonable ~~deficit~~under ofthe ~~$182~~circumstances,~~433~~ the results of which ~~raise~~form ~~substantial~~the ~~doubt~~basis for making judgments about the ~~Company’s ability~~carrying tovalues ~~continue~~of asassets aand ~~going~~liabilities ~~concern~~that are not readily apparent from other sources. Actual results may differ from these estimates.

13An accounting policy is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimate that are reasonably likely to occur, could materially impact the consolidated financial statements. We believe that the following critical accounting policies reflect the more significant estimates and assumptions used in the preparation of the consolidated financial statements.

~~Management believes the Company will continue to incur~~Revenue losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. Management plans to seek additional debt and/or equity financing for the Company but cannot assure that such financing will be available on acceptable terms.Recognition

~~The Company’s continuation as a going concern~~ASU isNo. ~~dependent~~2014-09, ~~upon~~Revenue ~~its~~from ~~ability~~Contracts towith ~~ultimately~~Customers ~~attain~~(“Topic ~~profitable operations~~606”), ~~generate~~became ~~sufficient~~effective ~~cash~~for ~~flow~~the toCompany ~~meet~~on ~~its obligations~~January 1, 2018 and ~~obtain additional~~were ~~financing~~adopted asusing ~~may~~the bemodified ~~required~~retrospective method. ~~Our~~The ~~auditors~~adoption ~~have~~of ~~included~~the anew ~~“going~~revenue ~~concern”~~standards ~~qualification~~as inof ~~their~~January ~~Report~~1, of2018 ~~Independent~~did ~~Certified~~not ~~Public~~change ~~Accountants~~the ~~accompanying~~Company’s ~~our~~revenue ~~audited~~recognition ~~financial statements appearing elsewhere herein which cites substantial doubt about our ability to continue~~ as athere ~~going~~were ~~concern.~~no ~~Such~~revenues aduring ~~“going~~the ~~concern” qualification may make it more difficult for us to raise funds when needed~~period. ~~The outcome of this uncertainty cannot be assured.~~

~~The~~Under the ~~accompanying~~new ~~financial~~revenue ~~statements~~standards, dothe ~~not~~Company ~~include any~~recognizes ~~adjustments~~revenues when its customer obtains control of promised goods or services, in an amount that ~~might~~reflects ~~result~~the ~~from~~consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five ~~outcome~~step ofmodel ~~this~~prescribed ~~uncertainty~~under ASU No. ~~There~~2014-09: ~~can~~(i) beidentify nocontract(s) ~~assurance~~with ~~that~~a ~~management~~customer; ~~will~~(ii) beidentify ~~successful~~the inperformance obligations ~~implementing~~in ~~its~~the ~~business~~contract; ~~plan~~(iii) ordetermine ~~that~~the transaction price; (iv) allocate the ~~successful~~transaction ~~implementation~~price ofto ~~such~~the ~~business~~performance ~~plan~~obligations ~~will~~in ~~actually~~the ~~improve~~contract; and ~~our~~(v) ~~operating~~recognize ~~results~~revenues when (or as) we satisfy the performance obligation.

~~Off Balance Sheet Arrangements~~Accounts receivable

WeThe Company ~~have~~reviews ~~not~~accounts ~~entered~~receivable ~~into~~periodically ~~any~~for ~~off-balance~~collectability ~~sheet~~and ~~arrangements~~establishes an allowance for doubtful accounts and records bad ~~that~~debt ~~have~~expense orwhen ~~are~~deemed ~~reasonably~~necessary. ~~likely~~Our allowance for doubtful accounts is maintained to ~~have~~provide afor ~~current~~losses orarising ~~future~~from ~~effect~~customers’ inability onto make required payments. If there is deterioration of our ~~financial~~customers’ ~~condition,~~credit ~~changes~~worthiness inand/or ~~financial~~there ~~condition,~~is ~~revenues~~an increase orin ~~expenses,~~the ~~results~~length of ~~operations,~~time ~~liquidity,~~that ~~capital~~the ~~expenditures~~receivables orare ~~capital~~past ~~resources~~due ~~and~~greater ~~would~~than the historical assumptions used, additional allowances may be ~~considered~~required. The ~~material~~Company tohas ~~investors~~no allowance for doubtful accounts as of March 31, 2025 and December 31, 2024, respectively.

~~Inflation~~14

~~We do not believe that inflation has had in the past~~Income ~~or will have in the future any significant negative impact on our operations.~~Taxes

~~Item~~The Company 3follows the asset and liability method of accounting for future income taxes. ~~Quantitative~~Under this method, future income tax assets and liabilities ~~Qualitative~~are ~~Disclosures~~recorded ~~About~~based ~~Market~~on ~~Risk~~temporary differences between the carrying amount of assets and liabilities and their corresponding tax basis. In addition, the future benefits of income tax assets including unused tax losses, are recognized, subject to a valuation allowance to the extent that it is more likely than not that such future benefits will ultimately be realized. Future income tax assets and liabilities are measured using enacted tax rates and laws expected to apply when the tax liabilities or assets are to be either settled or realized. The Company’s effective tax rate approximates the Federal statutory rates.

AsResults of aOperations ~~“smaller~~for ~~reporting~~the ~~company”~~Three asMonths ~~defined by~~Ended ~~Item~~March ~~10 of Regulation S-K~~31, ~~the~~2025 ~~Company~~compared ~~is not required~~ to ~~provide~~the ~~information~~Three ~~required~~Months byEnded ~~this~~March ~~Item.~~31, 2024

~~Item~~Revenue was 4$241,065 in the three months ended March 31, 2025 compared to Nil in the same period last year. ~~Controls~~The ~~and~~increase ~~Procedures~~in revenue was mainly due to the consolidation of the Chinese VIEs under common control which started generating revenue in the second quarter of 2024.

~~Evaluation~~ Cost of ~~Disclosure~~goods ~~Controls~~sold ~~and~~was ~~Procedures~~$124,347 in the three months ended March 31, 2025 compared to Nil in the same period last year due to no revenue in the same period last year as explained above.

~~Evaluation~~Operating expenses were $76,580 in the three months ended March 31, 2025 compared to $46,556 in the same period last year, an increase of ~~Disclosure~~$30,024 or ~~Controls~~64.5%. The increase was mainly due to the increase in general and ~~Procedures~~administrative expenses and professional fees. The increase in general and administrative expenses in the first quarter of 2025 was mainly due to the increase in personnel expense, office expense and travel expense,, partly offset by the decrease in rent expense.

~~Based~~During the ~~upon~~three anmonths ~~evaluation~~ended ofMarch ~~the~~31, ~~effectiveness~~2025, ofthe ~~our disclosure~~Company ~~controls~~had ~~and~~a ~~procedures~~net ~~performed~~income byof ~~our~~$37,357, ~~Chief~~compared ~~Executive~~to ~~Officer~~a asnet loss of ~~the~~$46,554 ~~end~~during of the same period last ~~covered~~year, byan ~~this~~increase ~~report~~of $83,911. ~~our~~The ~~Chief Executive~~increase ~~Officer~~in ~~concluded~~net ~~that~~income ~~our~~in ~~disclosure~~the ~~controls~~first ~~and~~quarter ~~procedures~~of ~~were~~2025 ~~not~~was ~~effective~~primarily due to the increase in gross profit as a result of athe ~~weakness~~Chinese inVIEs ~~the~~starting ~~design~~to ~~of internal~~generate ~~control~~revenue, ~~over~~partly ~~financial~~offset ~~reporting~~by ~~identified~~the ~~below~~increase in operating expenses.

~~As used herein, “disclosure controls and procedures”~~Liquidity ~~mean controls~~ and ~~other~~Capital procedures of our company that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.Resources

~~Changes~~As of inMarch ~~Internal~~31, ~~Controls~~2025 and December 31, 2024, we had a cash balance of $33,300 and $46,291 respectively. During the three months ended March 31, 2025 and 2024, the company’s operations are primarily funded by the Company’s CEO and major shareholder and the minority owners of the Chinese VIEs.

~~There~~To the extent that the Company’s capital resources are insufficient to meet current or planned operating requirements, the Company will seek additional funds through equity or debt financing, collaborative or other arrangements with corporate partners, licensees or others, and from other sources, which may have ~~been~~the effect of diluting the holdings of existing shareholders. The Company has no ~~changes~~current arrangements inwith ~~our~~respect ~~internal~~to, ~~controls~~or sources of, such additional financing and the Company does not anticipate that existing shareholders ~~over~~will ~~financial~~provide ~~reporting~~any ~~during~~portion of the ~~period~~Company’s ~~ended~~future ~~September~~financing 30requirements. Mr. Xudong, ~~2024~~the ~~that~~CEO ~~have~~and ~~materially~~principal ~~affected~~shareholder of the Company, would favorably entertain funding, through loans, corporate expenses for approximately 24 months. Any loans by Mr. Xudong would be on an interest-free basis, documented by a promissory note and payable only upon consummation of a business combination transaction. Upon consummation of a business combination, we or ~~are~~the ~~reasonably~~target ~~likely~~may reimburse Mr. Xudong for any such loans from funds furnished by the target. We have no written agreement with Mr. Xudong to ~~materially~~advance any further funds for future operating expense, therefore there is no assurance ~~affect~~that ~~our~~such ~~internal~~funds ~~controls~~from Mr. Xudong will be forth coming, if required.

14No assurance can be given that additional financing will be available when needed or that such financing will be available on terms acceptable to the Company. If adequate funds are not available, the Company may be required to delay or terminate expenditures for certain of its programs that it would otherwise seek to develop and commercialize. This would have a material adverse effect on the Company. These factors raise substantial doubt about the ability of the Company to continue as a going concern.

~~PART II — OTHER INFORMATION~~15

~~Item 1. Legal Proceedings.~~Operating Activities

WeFor the ~~are~~three ~~not~~months aended ~~party~~March 31, 2025, net cash used in operating activities was $13,234. This was primarily due to orthe ~~otherwise~~net ~~involved~~income of $37,357, adjusted by non-cash related expenses including depreciation of $335, and then decreased by unfavorable changes in ~~any~~working capital ~~legal~~of ~~proceedings~~$50,926. The unfavorable changes in working capital mainly resulted from an increase in accounts receivable of $45,850, an increase in inventory of $4,681, and an increase in prepaid expense and other receivable of $37,912, offset by an increase in accounts payable and accrued liabilities of $35,056, and an increase in due to related party of $2,461.

In For the ~~ordinary~~three ~~course~~months ofended ~~business~~March 31, we2024, ~~are~~net ~~from~~cash ~~time to~~used ~~time involved~~ in ~~various~~operating ~~pending~~activities orwas ~~threatened legal actions~~$39,010. ~~The~~This ~~litigation~~was ~~process~~primarily isdue ~~inherently~~to ~~uncertain~~the ~~and~~net itloss isof ~~possible that~~$46,554, ~~the~~adjusted ~~resolution~~by ofnon-cash ~~such~~related ~~matters~~expenses ~~might~~including ~~have~~depreciation aof ~~material~~$339, ~~adverse~~and ~~effect~~then ~~upon~~increased ~~our~~by ~~financial~~favorable ~~condition~~changes ~~and/or~~in ~~results~~working capital of ~~operations. However~~$7,205. inThe ~~the~~favorable ~~opinion~~changes ofin ~~our~~working ~~management,~~capital ~~other~~mainly ~~than~~resulted asfrom ~~set~~an ~~forth~~increase ~~herein,~~in ~~matters~~due ~~currently~~to ~~pending~~related orparty ~~threatened~~of ~~against~~$16,125, usand ~~are~~an ~~not~~increase ~~expected~~in accounts topayable ~~have~~and aaccrued ~~material~~liabilities ~~adverse~~of ~~effect~~$1,491, onoffset ~~our~~by ~~financial~~an ~~position~~increase orin ~~results~~prepaid expense and other receivable of ~~operations~~$10,412.

~~Item 1A. Risk Factors.~~Investing Activities

AsWe neither agenerated ~~“smaller~~nor ~~reporting~~used ~~company”~~cash asin ~~defined by~~investing ~~Item~~activities 10during ~~of Regulation S-K,~~ the ~~Company~~three ismonths ~~not~~ended ~~required~~March to31, ~~provide~~2025 ~~information~~and ~~required by this Item~~2024.

~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.~~Financing Activities

~~Not~~We neither ~~applicable~~generated nor used cash in financing activities during the three months ended March 31, 2025. For the three months ended March 31, 2024, net cash provided by financing activities were proceeds from capital contribution received by Chinese VIEs of $48,689.

~~Item 3. Defaults Upon Senior Securities.~~Going Concern

~~There~~The accompanying financial statements have been noprepared ~~events~~assuming ~~which~~that ~~are~~the ~~required~~Company will continue as a going concern. As shown in the accompanying financial statements, we had a net income of $37,357 and incurred a net losses of $46,554 for the three months ended March 31, 2025 and 2024, respectively, and had a working capital deficit of $168,763 as of March 31, 2025, in addition to bea stockholders’ deficit ~~reported~~of ~~under~~$130,826 ~~this~~which ~~Item~~raise substantial doubt about the Company’s ability to continue as a going concern.

~~Item~~Management believes 4the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. Management ~~Mine~~plans ~~Safety~~to ~~Disclosures~~seek additional debt and/or equity financing for the Company but cannot assure that such financing will be available on acceptable terms.

~~Not~~The Company’s ~~applicable~~continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. Our auditors have included a “going concern” qualification in their Report of Independent Certified Public Accountants accompanying our audited financial statements appearing elsewhere which cites substantial doubt about our ability to continue as a going concern. Such a “going concern” qualification may make it more difficult for us to raise funds when needed. The outcome of this uncertainty cannot be assured.

~~Item~~The accompanying 5financial statements do not include any adjustments that might result from the outcome of this uncertainty. ~~Other~~There ~~Information~~can be no assurance that management will be successful in implementing its business plan or that the successful implementation of such business plan will actually improve our operating results.

~~None.~~Off Balance Sheet Arrangements

~~Item~~We have 6.not ~~Exhibits~~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 ~~Financial~~would ~~Statement~~be ~~Schedules~~considered material to investors.

31.1		Certification of CEO and CFO. Filed herewith.
32.1		Certification pursuant to 18 U.S.C. Section 1350 of CEO and CFO. Filed herewith.
101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Definition
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document
104*		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections. In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are furnished and not filed.Inflation

15We do not believe that inflation has had in the past or will have in the future any significant negative impact on our operations.

~~SIGNATURES~~Item 3. Quantitative and Qualitative Disclosures About Market Risk.

~~Pursuant~~As a to“smaller ~~the~~reporting ~~requirements~~company” ofas ~~the~~defined ~~Securities~~by ~~Exchange Act~~Item 10 of ~~1934~~Regulation S-K, the ~~registrant~~Company ~~has~~is ~~duly~~not ~~caused~~required ~~this report~~ to beprovide ~~signed~~information required ~~on its behalf~~ by ~~the~~this ~~undersigned thereunto duly authorized~~Item.

	HONG YUAN HOLDING GROUP
Dated: November 12, 2024	By:	/s/ Li Xudong
		Li Xudong
		CEO and Chief Financial Officer (chief financial and accounting officer and duly authorized officer)

Item 4. Controls and Procedures.

16Evaluation of Disclosure Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Based upon an evaluation of the effectiveness of our disclosure controls and procedures performed by our Chief Executive Officer as of the end of the period covered by this report, our Chief Executive Officer concluded that our disclosure controls and procedures were not effective as a result of a weakness in the design of internal control over financial reporting identified below.

As used herein, “disclosure controls and procedures” mean controls and other procedures of our company that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting during the period ended September 30, 2024 that have materially affected or are reasonably likely to materially affect our internal controls.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

We are not a party to or otherwise involved in any legal proceedings.

In the ordinary course of business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, other than as set forth herein, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.

Item 1A. Risk Factors.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

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

Not applicable.

Item 3. Defaults Upon Senior Securities.

There have been no events which are required to be reported under this Item.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits and Financial Statement Schedules

31.1		Certification of CEO and CFO. Filed herewith.
32.1		Certification pursuant to 18 U.S.C. Section 1350 of CEO and CFO. Filed herewith.
101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Definition
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document
104*		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

	HONG YUAN HOLDING GROUP

Dated: July 31, 2025	By:	/s/ Li Xudong
		Li Xudong
		CEO and Chief Financial Officer (chief financial and accounting officer and duly authorized officer)

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