UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~March 31~~September 30, 2022

☐ 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. 333-227350

BANGFU TECHNOLOGY GROUP CO., LTD.

(Exact name of registrant as specified in its charter)

Nevada		30-1023894
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

No. 34-3, Building 2, Diwang International Fortune Center, No. 10 Plaza Road,
Liuzhou, Guangxi Province, China 545005

(Address of Principal Executive Offices, including zip code)

+86 772-3719700

(Registrant’s telephone number, including area code)

Not Applicable

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

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

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

	☐ Large accelerated filer	☐ Accelerated filer
	☒ Non-accelerated filer	☒ Smaller reporting company
		☒ Emerging growth company

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

As of ~~May [ ]~~November 9, 2022 , there were 7,950,500 shares of common stock, par value $0.001, of the Company issued and outstanding.

BANGFU TECHNOLOGY GROUP CO., LTD.

Quarterly Report on Form 10-Q

TABLE OF CONTENTS

		Page	~~Page~~
Cautionary Note Regarding Forward-Looking Statements		ii	ii
PART I – FINANCIAL INFORMATION		1
Item 1.	Financial Statements	1	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9	9
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	11	11
Item 4.	Control and Procedures	11	11
PART II – OTHER INFORMATION		12
Item 1.	Legal Proceedings	12	12
Item 1A.	Risk Factors	12	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	12	12
Item 3.	Defaults Upon Senior Securities	12	12
Item 4.	Mine Safety Disclosures	12	12
Item 5.	Other Information	12	12
Item 6.	Exhibits	12	12
SIGNATURES		14	14

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q (the “Report”), including, without limitation, statements under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, any statements relating to our ability to consummate any acquisition or other business combination and any other statements that are not statements of current or historical facts. These statements are based on management’s current expectations, but actual results may differ materially due to various factors, including, but not limited to:

	●	our ability to establish our business in China and implement our business plan;
	●	acceptance of the services that we expect to market;
	●	our ability to retain key employees;
	●	adverse changes in general market conditions for online business services in China;
	●	our ability to continue as a going concern;
	●	our future financing plans; and
	●	our ability to adapt to changes in foreign, cultural, political and financial market conditions which could impair our future operations and financial performance (including, without limitation, the changes resulting from the global novel coronavirus pandemic in China and around the world).

The forward-looking statements contained in this Report are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

BANGFU TECHNOLOGY GROUP CO., LTD.

CONDENSED BALANCE SHEETS

(Unaudited)

	March 31, 2022			June 30, 2021
	September 30, 2022			June 30, 2022
ASSETS
Current Assets
Cash	$	—		$	—
Total Current Assets	$	—		$	—
TOTAL ASSETS	$	—		$	—
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Accounts Payable	$	~~450~~2,300		$	31,~~407~~350
Total Current Liabilities		~~450~~2,300			31,~~407~~350
Total Liabilities		~~450~~2,300			31,~~407~~350
Stockholders’ Deficit
Common Stock: $0.001 par value, 75,000,000 shares authorized, 7,950,500 shares issued and outstanding		7,950			7,950
Additional Paid-in Capital		~~228~~255,~~321~~071			~~187~~237,~~764~~821
Accumulated Deficit		(~~236~~265,~~721~~321	)		(~~199~~247,121	)
Total Stockholders’ Deficit		(~~450~~2,300	)		(31,~~407~~350	)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT	$	—		$	—
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	—		$	—

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

BANGFU TECHNOLOGY GROUP CO., LTD.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended March 31, 2022			Three Months Ended March 31, 2021			Nine Months Ended March 31, 2022			Nine Months Ended March 31, 2021
	Three Months Ended September 30, 2022			Three Months Ended September 30, 2021
REVENUE:	$	—		$	—		$	—		$	—
EXPENSES:
General and Administrative Expenses		9,950			12,207			37,600			39,207
General and administrative expenses		18,200			17,700
Total operating expenses		918,~~950~~200			1217,~~207~~700			~~37,600~~			~~39,207~~
Loss before income taxes	$	(918,~~950~~200	)	$	(1217,~~207~~700	)	$	~~(37,600~~	)	$	~~(39,207~~	)
Income tax expense	$	—		$	—		$	—		$	—
NET LOSS	$	(918,~~950~~200	)	$	(1217,~~207~~700	)	$	~~(37,600~~	)	$	~~(39,207~~	)
Net loss per common share – basic & diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Net loss per common share basic & diluted	$	(0.00	)	$	(0.00	)
Weighted average of common shares outstanding – basic & diluted		7,950,500			7,950,500			7,950,500			7,950,500
Weighted average of common shares outstanding basic & diluted		7,950,500			7,950,500

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

BANGFU TECHNOLOGY GROUP CO., LTD.

CONDENSED STATEMENTS OF STOCKHOLDERS’ DEFICIT

(Unaudited)

~~Nine~~ Three Months Ended ~~March~~September 3130, 2022

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance as of June 30, 2021		7,950,500	$	7,950	$	187,764	$	(199,121	)	$	(3,407	)
Balance as of June 30, 2022		7,950,500	$	7,950	$	237,821	$	(247,121	)	$	(1,350	)
Net loss		—		—		—		(3718,~~600~~200	)		(3718,~~600~~200	)
Contribution from a stockholder		—		—		4017,~~557~~250		—			4017,~~557~~250
Balance as of March 31, 2022		7,950,500	$	7,950	$	228,321	$	(236,721	)	$	(450	)
Balance as of September 30, 2022		7,950,500	$	7,950	$	255,071	$	(265,321	)	$	(2,300	)

Three Months Ended ~~March~~September 3130, ~~2022~~2021

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance as of December 31, 2021		7,950,500	$	7,950	$	218,371	$	(226,771	)	$	(450	)
Balance as of June 30, 2021		7,950,500	$	7,950	$	187,764	$	(199,121	)	$	(3,407	)
Net loss		—		—		—		(917,~~950~~700	)		(917,~~950~~700	)
Contribution from a stockholder		—		—		921,~~950~~107		—			921,~~950~~107
Balance as of March 31, 2022		7,950,500	$	7,950	$	228,321	$	(236,721	)	$	(450	)
Balance as of September 30, 2021		7,950,500	$	7,950	$	208,871	$	(216,821	)	$	—

~~Nine~~The accompanying ~~Months~~notes ~~Ended~~are ~~March~~an ~~31,~~integral ~~2021~~part of these condensed unaudited financial statements.

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance as of June 30, 2020		7,950,500	$	7,950	$	142,078	$	(150,028	)	$	—
Net loss		—		—		—		(39,207	)		(39,207	)
Contribution from a stockholder		—		—		36,250		—			27,000
Balance as of March 31, 2021		7,950,500	$	7,950	$	178,328	$	(189,235	)	$	(2,957	)

~~Three Months~~BANGFU ~~Ended~~TECHNOLOGY ~~March~~GROUP 31CO., ~~2021~~LTD.

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance as of December 31, 2020		7,950,500	$	7,950	$	169,078	$	(177,028	)	$	—
Net loss		—		—		—		(12,207	)		(12,207	)
Contribution from a stockholder		—		—		9,250		—			9,250
Balance as of March 31, 2021		7,950,500	$	7,950	$	178,328	$	(189,235	)	$	(2,957	)

CONDENSED STATEMENTS OF CASH FLOWS

~~The accompanying notes are an integral part of these condensed unaudited financial statements.~~(Unaudited)


	Three Months Ended September 30, 2022			Three Months Ended September 30, 2021

CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$	(18,200	)	$	(17,700	)
Adjustments to reconcile net loss to net cash used by operations:
Changes in operating assets and liabilities:
Accounts payable		950			(3,407	)
Net cash used by Operating Activities		(17,250	)		(21,107	)
CASH FLOWS FROM FINANCING ACTIVITIES
Capital contribution from a stockholder		17,250			21,107
Net cash provided by Financing Activities		17,250			21,107

Net cash increase (decrease) for period		—			—

Cash at beginning of period		—			—

Cash at end of period	$	—		$	—

SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	$	—		$	—
Income taxes paid	$	—		$	—

~~BANGFU~~The accompanying notes are an integral part ~~TECHNOLOGY~~of ~~GROUP~~these ~~CO.,~~condensed ~~LTD~~unaudited financial statements.

~~CONDENSED STATEMENTS OF CASH FLOWS~~4

~~(Unaudited)~~ BANGFU TECHNOLOGY GROUP CO., LTD.

	Nine Months Ended March 31, 2022			Nine Months Ended March 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$	(37,600	)	$	(39,207	)
Adjustments to reconcile net loss to net cash used by operations:
Changes in operating assets and liabilities:
Accounts payable		(2,957	)		2,957
Net cash used by Operating Activities		(40,557	)		(36,250	)
CASH FLOWS FROM FINANCING ACTIVITIES
Capital contribution from a stockholder		40,557			36,250
Net cash provided by Financing Activities		40,557			36,250
Net cash increase (decrease) for period		—			—
Cash at beginning of period		—			—
Cash at end of period	$	—		$	—
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	$	—		$	—
Income taxes paid	$	—		$	—

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

~~The accompanying~~FOR ~~notes~~THE ~~are~~THREE MONTHS anENDED ~~integral~~SEPTEMBER 30, ~~part~~2022 ofAND ~~these condensed unaudited financial statements.~~2021

4 NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

~~BANGFU~~Bangfu Technology Group Co., Ltd. (the “Company”) ~~TECHNOLOGY~~was ~~GROUP~~incorporated COunder the name “Kelinda” in the state of Nevada on December 18, 2017 to create health related mobile applications. The Company’s first project was to develop a mobile application (the “App”) of free test panels to identify general health conditions and target diseases for both children and adults. The main purpose of the App was to remind users of doctors’ appointments and examinations. The App synchronized with Google and Apple calendars and sent notifications regarding pills-taking time, required ~~LTD~~tests or doctor appointments via the App and email. The Company expected to generate revenue from in-app subscriptions. Prior to the Change of Control as defined below, the Company had developed terms of reference, design of the App, creation of an Apple store account and was at the server and application development stage.

~~NOTES~~Pursuant to a Stock Purchase Agreement (the TO“Agreement”), ~~THE~~entered ~~CONDENSED~~into ~~UNAUDITED~~as ~~FINANCIAL~~of ~~STATEMENTS~~March 16, 2020, by and between Fuming Yang (the “Purchaser”) and Petru Afanasenco, Andrei Afanasenco and Yuriy Turchynskyy, as the representative of certain stockholders (collectively, the “Sellers”) of the Company, the Sellers sold an aggregate of 7,948,000 shares of common stock, par value $0.001 per share, of the Company to the Purchaser in consideration for an aggregate purchase price of $330,000 in cash from the Purchaser’s personal funds (the “Transaction”). Following consummation of the Transaction, the Purchaser holds approximately 99% of the issued and outstanding shares of common stock of the Company. The Transaction resulted in a change in control (“Change in Control”) of the Company from the Sellers to the Purchaser.

~~FOR~~On June 3, 2020, the Company filed a Certificate ~~THE~~of ~~THREE~~Amendment ~~AND~~to ~~NINE~~the ~~MONTHS~~Company’s ~~ENDED~~Articles ~~MARCH~~of 31Incorporation with the Secretary of State of the State of Nevada to effect a change in the name of the Company from “Kelinda” to “Bangfu Technology Group Co., ~~2022~~Ltd.”, ~~AND~~effective ~~2021~~upon filing. In connection with its name change, the Company’s ticker symbol on the OTC Pink Market changed from “KLDA” to “BFGX.”

~~NOTE~~Following this Change in Control, the Company 1changed –its ~~ORGANIZATION~~business ~~AND~~plan ~~NATURE~~to OFengage ~~BUSINESS~~in online business services in the People’s Republic of China. The Company plans to engage in developments of personal daily life assistance mobile applications, online educational trainings, and employment recruitment services in China. The Company plans to roll out the plan with a focus in the tier-3 and tier-4 cities in the provinces of Guangdong and Guangxi first. The Company is presently evaluating the optimal corporate and legal structures in China necessary to establish and implement these business plans but its ability to execute on its business plans and initiatives will depend upon the developments of the pandemic, including the duration and spread of the COVID-19 and lockdown restrictions imposed by the respective various governments and oversight bodies in China.

~~Bangfu Technology~~NOTE ~~Group~~2 ~~Co.,~~– ~~Ltd.~~GOING (the “Company”) was incorporated under the name “Kelinda” in the state of Nevada on December 18, 2017 to create health related mobile applications. The Company’s first project was to develop a mobile application (the “App”) to free test panels to identify general health conditions and target diseases for both children and adults. The main purpose of the App was to remind users of doctors’ appointments and examinations. The App synchronized with Google and Apple calendars and sent notifications regarding pills-taking time, required tests or doctor appointments via the App and email. The Company expected to generate revenue from in-app subscriptions. Prior to the Change of Control as defined below, the Company had developed terms of reference, design of the App, creation of an Apple store account and was at the server and application development stage.CONCERN

~~Pursuant to~~The aaccompanying ~~Stock~~unaudited ~~Purchase~~condensed ~~Agreement~~financial ~~(the~~statements have ~~“Agreement”),~~been ~~entered~~prepared ~~into~~in asconformity ofwith ~~March~~United ~~16,~~States ~~2020,~~generally byaccepted ~~and~~accounting ~~between Fuming Yang (the “Purchaser”) and Petru Afanasenco~~principles, ~~Andrei~~which ~~Afanasenco~~contemplate ~~and~~continuation ~~Yuriy~~of ~~Turchynskyy,~~the Company as ~~the~~a ~~representative~~going ofconcern. ~~certain~~As ~~stockholders~~a ~~(collectively~~start-up, the ~~“Sellers”) of the~~ Company, ~~the~~has ~~Sellers~~had ~~sold~~no anrevenues ~~aggregate~~and ofhas ~~7,948,000~~accumulated ~~shares~~losses ofthrough ~~common~~September ~~stock~~30, ~~par value $0~~2022.~~001~~ ~~per~~The ~~share, of the~~ Company ~~to the~~ ~~Purchaser~~currently inhas ~~consideration~~limited ~~for~~working ancapital ~~aggregate~~and ~~purchase~~has ~~price~~not ofcompleted ~~$330,000~~its inefforts ~~cash~~to ~~from~~establish ~~the~~a ~~Purchaser’s~~stabilized ~~personal~~source ~~funds (the “Transaction”). Following consummation~~ of ~~the~~revenues ~~Transaction,~~sufficient ~~the~~to ~~Purchaser~~cover operating ~~holds~~costs ~~approximately~~over ~~99%~~an ofextended ~~the~~period ~~issued and outstanding shares~~ of ~~common stock of the Company~~time. ~~The~~These ~~Transaction~~conditions ~~resulted~~raise insubstantial adoubt ~~change~~about ~~in control (“Change in Control”) of~~ the Company’s ~~from~~ability ~~the Sellers~~ to continue ~~the~~as ~~Purchaser~~a going concern.

OnManagement anticipates that the Company will ~~June~~be 3dependent, ~~2020,~~for the ~~Company~~near ~~filed~~future, aon ~~Certificate~~additional ofinvestment ~~Amendment~~capital to ~~the~~fund ~~Company’s~~operating ~~Articles~~expenses ofThe ~~Incorporation~~Company ~~with~~intends ~~the~~to ~~Secretary~~position itself ofso ~~State of~~that ~~the~~it ~~State~~will ofbe ~~Nevada~~able to ~~effect~~raise aadditional ~~change~~funds inthrough the ~~name~~capital ofmarkets. ~~the~~In ~~Company~~light ~~from~~of ~~“Kelinda”~~management’s toefforts, ~~“Bangfu~~there are ~~Technology~~no ~~Group~~assurances ~~Co., Ltd.”,~~that ~~effective~~the ~~upon~~Company ~~filing. In~~will ~~connection~~be ~~with~~successful ~~its~~in ~~name~~this ~~change,~~or ~~the~~any ~~Company’s ticker~~of ~~symbol~~its onendeavors ~~the~~or ~~OTC~~become ~~Pink~~financially ~~Market~~viable ~~changed~~and ~~from~~continue as ~~“KLDA”~~a togoing ~~“BFGX~~concern.”

Following this Change in Control, the Company changed its business plan to engage in online business services in the People’s Republic of China. The Company plans to engage in developments of personal daily life assistance mobile applications, online educational trainings, and employment recruitment services in China. The Company plans to roll out the plan with a focus in the tier-3 and tier-4 cities in the provinces of Guangdong and Guangxi first. The Company is presently evaluating the optimal corporate and legal structures in China necessary to establish and implement these business plans but its ability to execute on its business plans and initiatives will depend upon the developments of the pandemic, including the duration and spread of the COVID-19 and lockdown restrictions imposed by the respective various governments and oversight bodies in China.5

NOTE 2 3 – ~~GOING~~SUMMARY ~~CONCERN~~OF SIGNIFICANT ACCOUNTING POLICIES

~~The accompanying~~Basis ~~financial statements have been prepared in conformity with United States generally accepted accounting principles, which contemplate continuation~~ of the Company as a going concern. As a start-up, the Company has had no revenues and has accumulated losses through March 31, 2022. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.presentation

~~Management anticipates~~The ~~that~~Company’s ~~the~~unaudited ~~Company~~condensed ~~will~~financial statements behave ~~dependent,~~been ~~for~~prepared ~~the~~in ~~near~~accordance ~~future,~~with ongenerally ~~additional~~accepted ~~investment~~accounting ~~capital~~principles toin ~~fund~~the ~~operating~~United ~~expenses~~States ~~The Company~~of ~~intends~~America to(“U.S. GAAP”) ~~position~~and ~~itself~~the sorules ~~that~~and itregulations ~~will~~of bethe ~~able~~Securities toand ~~raise~~Exchange ~~additional~~Commission ~~funds~~(the ~~through~~“SEC”), including the ~~capital~~instructions to ~~markets.~~Form In10-Q ~~light~~and ofRegulation ~~management’s efforts,~~S-X. ~~there~~Certain ~~are~~information noand ~~assurances~~note ~~that~~disclosures ~~the~~normally ~~Company~~included ~~will~~in befinancial ~~successful~~statements prepared in accordance ~~this~~U.S. GAAP, have been condensed or ~~any~~omitted offrom ~~its~~these ~~endeavors~~statements orpursuant ~~become~~to ~~financially~~such ~~viable~~rules and regulations and, accordingly, ~~continue~~they asdo anot ~~going~~include ~~concern~~all the information and notes necessary for comprehensive financial statements.

5 The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending June 30, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022.

~~NOTE 3~~The –functional ~~SUMMARY~~and OFreporting ~~SIGNIFICANT~~currency ~~ACCOUNTING~~of ~~POLICIES~~the Company is the U.S. dollar.

~~Basis of~~Cash ~~presentation~~and Cash Equivalents

The Company’s ~~unaudited~~considers ~~condensed~~all ~~financial~~highly ~~statements~~liquid ~~have been prepared in accordance~~ investments with ~~generally accepted accounting principles in~~ the ~~United~~original ~~States~~maturities of ~~America~~three ~~(“U.S.~~months ~~GAAP”)~~or ~~and~~less ~~the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions~~ to ~~Form~~be ~~10-Q~~cash ~~and Regulation S-X~~equivalents. ~~Certain~~The ~~information~~Company ~~and~~had ~~note~~no ~~disclosures~~cash ~~normally~~or ~~included in~~equivalents ~~financial~~as ~~statements~~of ~~prepared in accordance U.S. GAAP~~September 30, ~~have~~2022 ~~been condensed~~ or ~~omitted~~June ~~from these statements pursuant to such rules and regulations and~~30, ~~accordingly, they do not include all the information and notes necessary for comprehensive financial statements~~2022.

The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending June 30, 2022. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2021.Taxation

~~The~~Current income taxes are provided on the basis ~~functional~~of ~~and~~net profit for financial reporting ~~currency~~purposes, ofadjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the ~~Company~~regulations isof the ~~U.S.~~relevant ~~dollar~~tax jurisdictions.

~~Cash~~Deferred income taxes are recognized for temporary differences between the tax bases of assets and ~~Cash~~liabilities ~~Equivalents~~and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be reversed or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of comprehensive income in the period of the enactment of the change.

The Company considers positive and negative evidence when determining whether a portion or all ~~highly~~of ~~liquid~~its ~~investments~~deferred ~~with~~tax assets will more likely than not be realized. This assessment considers, among other matters, the ~~original~~nature, ~~maturities~~frequency and severity of ~~three~~current ~~months~~and orcumulative ~~less~~losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with tax attributes expiring unused, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to begenerate ~~cash~~sufficient ~~equivalents~~future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When ~~The~~assessing the realization of deferred tax assets, the Company has considered possible sources of taxable income including ~~had~~(i) future noreversals ~~cash~~of orexisting ~~equivalents~~taxable astemporary differences, (ii) future taxable income exclusive of ~~March~~reversing 31temporary differences and carry-forwards, ~~2022~~(iii) future ortaxable ~~June~~income 30arising from implementing tax planning strategies, ~~2021~~and (iv) specific known trend of profits expected to be reflected within the industry.

~~Taxation~~6

~~Current~~The Company recognizes a tax benefit associated ~~income~~with ~~taxes~~an ~~are~~uncertain ~~provided~~tax onposition when, in its judgment, it is more likely than not that the ~~basis~~position ofwill ~~net~~be ~~profit~~sustained ~~for~~upon ~~financial~~examination by ~~reporting~~a ~~purposes~~taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, ~~adjusted~~the ~~for~~Company ~~income~~initially and subsequently ~~expense~~measures ~~items~~the ~~which~~tax ~~are~~benefit as the largest amount that the Company judges to have a greater than 50% likelihood of being ~~not~~realized ~~assessable~~upon orultimate ~~deductible~~settlement ~~for~~with ~~income~~a taxing authority. The Company’s liability associated with unrecognized tax ~~purposes~~benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in ~~accordance~~the ~~with~~period in which they are identified. The Company’s effective tax rate includes the ~~regulations~~net impact of changes in the ~~relevant~~liability for unrecognized tax ~~jurisdictions~~benefits and subsequent adjustments as considered appropriate by management. The Company classifies interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense.

~~Deferred income~~There ~~taxes~~were ~~are~~no ~~recognized~~current ~~for~~and ~~temporary~~future ~~differences~~income ~~between the~~ tax provision ~~bases~~recorded offor ~~assets and liabilities and their reported amounts in~~ the ~~consolidated~~ ~~financial~~three ~~statements,~~months ~~net~~ended ~~operating~~September ~~loss carry forwards and credits. Deferred tax assets are reduced by a valuation allowance when~~30, in2022 ~~the opinion of management, it is more likely than not that some portion~~ or ~~all~~2021 ofsince the ~~deferred~~Company ~~tax~~did ~~assets will~~ not begenerate ~~realized. Current~~any ~~income~~revenues ~~taxes are provided~~ in ~~accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities~~these ~~are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be reversed or settled~~periods. ~~The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the statement of comprehensive income in the period of the enactment of the change.~~

~~The Company~~Use ~~considers positive and negative evidence when determining whether a portion or all~~ of its deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with tax attributes expiring unused, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Company has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry.Estimates

6 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~The Company~~Basic ~~recognizes~~Income a(Loss) ~~tax~~Per benefit associated with an uncertain tax position when, in its judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, the Company initially and subsequently measures the tax benefit as the largest amount that the Company judges to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority. The Company’s liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The Company’s effective tax rate includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as considered appropriate by management. The Company classifies interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense.Share

~~There~~The Company computes income (loss) per share ~~were~~in noaccordance ~~current~~with ~~and~~FASB ~~future~~ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income ~~tax~~(loss) available ~~provision~~to ~~recorded~~common ~~for~~stockholders by the ~~three~~weighted ~~and~~average ~~nine~~number ~~months~~of ~~ended~~outstanding ~~March~~common ~~31,~~shares ~~2022~~during orthe ~~2021~~period. ~~since~~Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the ~~Company~~period. Dilutive loss per share excludes ~~did~~all ~~not~~potential ~~generate~~common ~~any~~shares ~~revenues~~if intheir ~~these~~effect ~~periods~~is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding for the three months ended September 30, 2022 and 2021.

~~Use of~~Recent ~~Estimates~~Accounting Pronouncements

The ~~preparation~~ ofCompany ~~financial~~has ~~statements~~reviewed inall ~~conformity~~the ~~with~~recently ~~U.S.~~issued, but ~~GAAP~~not ~~requires~~yet ~~management~~effective, toaccounting ~~make~~pronouncements ~~estimates~~ and ~~assumptions~~does ~~that~~not ~~affect~~believe ~~the reported~~any ~~amounts~~ of ~~assets~~these ~~and~~pronouncements ~~liabilities~~will ~~and~~have ~~disclosure~~a ofmaterial ~~contingent~~impact ~~assets and liabilities at the date the financial statements and~~on the ~~reported amount of revenues and expenses during the reporting period~~Company. ~~Actual results could differ from those estimates.~~

~~Basic Income~~NOTE ~~(Loss)~~4 ~~Per~~– ~~Share~~STOCKHOLDERS’ EQUITY

The Company ~~computes~~has ~~income~~75,000,000 ~~(loss)~~authorized ~~per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed~~shares ~~by dividing net income (loss) available to common stockholders by the weighted average number~~ of ~~outstanding~~ common ~~shares~~stock, ~~during the period~~$0.001 ~~Diluted~~par ~~income~~value ~~(loss)~~ per share ~~gives effect to all dilutive potential common shares outstanding during the period~~. ~~Dilutive loss per share excludes all potential common shares if their effect is antidilutive.~~ There were no ~~potentially~~shares ~~dilutive~~of ~~debt~~common orstock ~~equity instruments~~ issued orduring ~~outstanding for~~ the three ~~and nine~~ months ended ~~March 31~~September 30, 2022 ~~and~~or 2021.

~~Recent~~During the three months ended September 30, ~~Accounting~~2022 ~~Pronouncements~~and 2021, the Company’s principal stockholder and sole officer and director, Fuming Yang, contributed a total of $17,250 and $21,107, respectively, to support the Company’s working capital needs.

~~The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.~~7

NOTE 4 5 – ~~STOCKHOLDERS’~~RELATED ~~EQUITY~~PARTY TRANSACTIONS

~~The Company~~Other ~~has~~than ~~75,000,000~~the ~~authorized~~capital ~~shares~~contributions ofas ~~common~~disclosed in ~~stock,~~Note ~~$0.001~~4 ~~par~~above, ~~value~~there ~~per share. There~~ were no ~~shares~~other ofrelated ~~common~~party ~~stock~~transactions ~~issued~~ during the ~~nine~~three months ended ~~March~~September 3130, 2022 orand 2021.

7 NOTE 6 – COMMITMENTS AND CONTINGENCIES

~~NOTE 5~~The –Company ~~RELATED~~presently ~~PARTY~~has ~~TRANSACTIONS~~no material commitments and contingencies.

~~During the~~NOTE ~~nine~~7 ~~months~~– ~~ended~~SUBSEQUENT ~~March 31, 2022 and 2021, the Company’s principal stockholder and sole officer and director, Fuming Yang, contributed $40,557 and $36,250, respectively, to the Company for working capital use.~~EVENTS

~~NOTE~~In accordance with ASC 855 “Subsequent 6Events,” –the ~~COMMITMENTS~~Company ~~AND~~has ~~CONTINGENCIES~~analyzed its operations subsequent to September 30, 2022, through the date when financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

~~The Company presently has no material commitments and contingencies.~~8

~~NOTE 7~~Item –2. ~~SUBSEQUENT~~Management’s ~~EVENTS~~Discussion and Analysis of Financial Condition and Results of Operations

InThe following discussion and analysis of ~~accordance~~our ~~with~~results ~~ASC~~of ~~855,~~operations ~~“Subsequent~~and ~~Events,”~~financial ~~the~~condition ~~Company~~should ~~has~~be ~~analyzed~~read ~~its~~together ~~operations~~with ~~subsequent~~our tounaudited ~~March~~financial ~~31,~~statements ~~2022,~~and ~~through~~ the ~~date~~notes thereto, ~~when~~which are included elsewhere in this Report and our audited financial statements ~~were~~included ~~issued~~our Annual Report on Form 10-K for the year ended June 30, ~~and~~2022 ~~has~~(the ~~determined~~“Annual ~~that~~Report”) itfiled ~~does~~with ~~not~~SEC. Our financial statements have ~~any~~been ~~material~~prepared in ~~subsequent~~accordance ~~events~~with togenerally ~~disclose~~accepted accounting principles in ~~these~~ ~~financial~~the ~~statements~~United States (the “U.S. GAAP”).

8 Overview

~~Item~~The 2.Company ~~Management’s~~was ~~Discussion~~incorporated ~~and~~under ~~Analysis~~the name “Kelinda” in the state of ~~Financial~~Nevada ~~Condition~~on ~~and~~December ~~Results~~18, of2017 ~~Operations~~to create health related applications.

~~The following~~Following ~~discussion~~a ~~and~~Change ~~analysis~~in ofControl ~~our~~on ~~results~~March of16, 2020, ~~operations~~the ~~and~~Company ~~financial~~changed ~~condition~~its ~~should~~business beplan ~~read~~to ~~together~~engage ~~with~~in ~~our~~online ~~unaudited~~business ~~financial statements~~service ~~and~~in the ~~notes~~People’s ~~thereto,~~Republic ~~which~~of ~~are~~China. ~~included~~The ~~elsewhere~~Company changed inits ~~this~~name ~~Report~~to ~~and~~Bangfu ~~our~~Technology ~~audited~~Group ~~financial~~Co., ~~statements~~Ltd. ~~included our Annual Report~~ on ~~Form~~June ~~10-K~~3, ~~for~~2020 ~~the~~and ~~year~~its ~~ended~~stock ~~June~~ticker ~~30,~~to ~~2021 (the~~ “~~Annual Report~~BFGX”), ~~filed~~effective ~~with SEC. Our financial statements have~~June ~~been~~8, ~~prepared in accordance with generally accepted accounting principles in the United States (the “U~~2020.~~S. GAAP”).~~

~~Overview~~Results of Operations

~~The Company was incorporated under the name “Kelinda” in the state of Nevada on December 18, 2017 to create health related applications.~~Revenue

~~Following a~~For ~~Change~~the inthree ~~Control~~months onended ~~March~~September 1630, ~~2020~~2022 and 2021, the Company ~~changed~~did ~~its~~not ~~business~~generate ~~plan~~any ~~to engage in online business service in the People’s Republic of China~~revenue. The Company ~~changed~~does ~~its~~not ~~name~~expect to ~~Bangfu~~generate ~~Technology~~revenue ~~Group~~until ~~Co., Ltd. on June 3, 2020 and~~ its ~~stock~~business ~~ticker~~plan ~~to “BFGX”,~~is ~~effective June 8, 2020~~implemented.

~~Results of~~Operating ~~Operations~~Expenses

~~Revenue~~Total operating expenses for the three months ended September 30, 2022 were $18,200, consistent with the operating expenses of $17,700 for the same period of 2021. The Company’s operating expenses primarily included audit expense, legal fees, other professional fees and filing fees that are related to maintaining a publicly reporting company.

~~For the~~Net ~~three and nine months ended March 31, 2022 and 2021, the Company did not generate any revenue. The Company does not expect to generate revenue until its business plan is implemented.~~Loss

~~Operating~~As a result of the foregoing, the Company incurred ~~Expenses~~a net loss of $18,200 for the three months ended September 30, 2022 as compared to a net loss of $17,700 for the same periods of 2021.

~~Total operating~~Going expenses for the three months ended March 31, 2022 were $9,950, consistent with the operating expenses of $12,207 for the same period of 2021. The Company’s operating expenses primarily included audit expense, legal fees, other professional fees and filing fees that are related to maintaining a publicly reporting company.Concern

~~Total~~The future of the Company is dependent upon ~~operating~~our ~~expenses~~ability to obtain financing to implement our new business plans and initiatives and our ability to generate positive net profits from implementation of our business plans. Management has plans to seek additional capital funding through either equity financings or debt financings from its principal stockholders to support its operations for the ~~nine~~next twelve months. ~~ended~~However, ~~March~~there ~~31,~~is ~~2022~~no ~~were~~assurance that ~~$37~~such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms,~~600,~~ ~~consistent~~we ~~with~~may ~~the~~not ~~operating~~be ~~expenses~~able to take advantage of ~~$39~~prospective new business endeavors or opportunities,~~207~~ ~~for~~which ~~the~~could ~~same~~significantly ~~period~~and ofmaterially ~~2021~~restrict our business operations.

~~Net Loss~~Liquidity and Capital Resources

As a ~~result~~ of ~~the~~September ~~foregoing~~30, 2022, the Company ~~incurred~~had ~~a net loss of $9~~no assets,~~950~~ ~~and~~ $372,~~600~~300 ~~for~~in ~~the~~current ~~three~~liabilities and ~~nine~~an ~~months~~accumulated ~~ended~~deficit ~~March 31, 2022, respectively, as compared to a net loss~~ of $12265,~~207 and $39,207 for the same periods of 2021, respectively~~321.

~~Going Concern~~9

~~The future~~Cash ofFlows ~~the Company is dependent upon our ability to obtain financing to implement our new business plans and initiatives and our ability to generate positive net profits~~ from ~~implementation~~Operating of our business plans. Management has plans to seek additional capital funding through either equity financings or debt financings from its principal stockholders to support its operations for the next twelve months. However, there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.Activities

~~Liquidity~~For the three months ended September 30, 2022, net cash used in operating activities was $17,250, which is due to the net loss for the period of $18,200 and ~~Capital~~an ~~Resources~~increase in accounts payable of $950.

~~As of~~For ~~March~~the 31three months ended September 30, ~~2022~~2021, ~~the~~net cash ~~Company~~used ~~had~~in nooperating ~~assets,~~activities was $~~450~~21,107, inwhich ~~current~~is ~~liabilities~~due to the net loss for the period of $17,700 and ana ~~accumulated~~decrease ~~deficit~~in accounts payable of $~~236~~3,~~721~~407.

9 Cash Flows from Financing Activities

~~Cash~~For the three months ended September 30, 2022 ~~Flows~~and 2021, net cash generated by financing activities was $17,250 and $21,107, respectively, which represented capital contribution from ~~Operating~~the ~~Activities~~Company’s principal stockholder to support the operations of the Company.

~~For the~~Material ~~nine~~Commitments ~~months ended March 31, 2022, net cash used in operating activities was $40,557, which is due to the net loss for the period of $37,600 and a decrease in change in accounts payable of $2,957.~~

~~For the~~We ~~nine~~had ~~months~~no ~~ended~~material ~~March~~commitments ~~31,~~as ~~2021, net cash used in operating activities was $36,250, which is due to the net loss for the period~~ of ~~$39~~September 30,~~207~~ ~~and an increase in change in accounts payable of $2,957~~2022.

~~Cash Flows~~Off-Balance ~~from~~Sheet ~~Financing Activities~~ Arrangements

~~For the~~We ~~nine~~do ~~months~~not ~~ended~~have ~~March~~any 31off-balance sheet arrangements that have, ~~2022~~or ~~and~~are ~~2021~~reasonably likely to have, ~~net~~a ~~cash~~current ~~generated~~or byfuture ~~financing~~effect ~~activities~~on ~~was~~our ~~$40~~financial condition,~~557~~ ~~and~~changes ~~$36,250,~~in ~~respectively,~~financial ~~which~~condition, ~~represented~~revenues ~~capital~~or ~~contribution~~expenses, ~~from~~results ~~the~~of ~~Company’s~~operations, ~~principal~~liquidity, ~~stockholder~~capital toexpenditures ~~support~~or ~~the~~capital ~~operations~~resources ofthat ~~the~~are ~~Company~~material to investors.

~~Material Commitments~~Critical Accounting Policies and Estimates

~~We had~~Our nodiscussion ~~material~~and ~~commitments~~analysis asof our financial condition and results of ~~March~~operations 31is based on our financial statements. In preparing our financial statements in conformity with U.S. GAAP, ~~2022~~we must make a variety of estimates that affect the reported amounts and related disclosures. See Note 3 of our interim financial statements.

~~Off-Balance~~In addition, Section 107 of the JOBS Act provides ~~Sheet~~that ~~Arrangements~~an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We do not have 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 that are material to investors.10

~~Critical Accounting~~ITEM ~~Policies~~3. ~~and~~QUANTITATIVE ~~Estimates~~AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

~~Our discussion~~Not ~~and analysis of our financial condition and results of operations is based on our financial statements~~applicable. In preparing our financial statements in conformity with U.S. GAAP, we must make a variety of estimates that affect the reported amounts and related disclosures. See Note 3 of our interim financial statements.

~~In addition,~~ITEM Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards4. InCONTROLS ~~other~~AND words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.PROCEDURES

10 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 Exchange Act is recorded, processed, summarized and reported within the time periods 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 company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our principal executive officer and principal accounting and financial officer, to allow timely decisions regarding required disclosure.

~~ITEM~~As 3required by Rules 13a-15 and 15d-15 under the Exchange Act, our principal executive officer and principal accounting and financial officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2022. ~~QUANTITATIVE~~Based ~~AND~~upon ~~QUALITATIVE~~their evaluation, ~~DISCLOSURES~~our ~~ABOUT~~principal ~~MARKET~~executive ~~RISK~~officer and principal accounting and financial officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective due to the material weakness identified below due to our limited resources:

~~Not applicable.~~● Lack of proper segregation of duties; and

~~ITEM~~● 4.Lack ~~CONTROLS~~of ~~AND~~a ~~PROCEDURES~~formal control process that provides for multiple levels of supervision and review.

~~Disclosure controls~~Changes ~~and procedures are controls and other procedures that are designed to ensure that information required to be disclosed~~ in ~~our reports~~Internal ~~filed~~Control orover ~~submitted~~Financial under the Exchange Act is recorded, processed, summarized and reported within the time periods 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 company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our principal executive officer and principal accounting and financial officer, to allow timely decisions regarding required disclosure.Reporting

~~As required~~There byhave ~~Rules~~not ~~13a-15~~been ~~and~~any ~~15d-15~~changes ~~under~~in ~~the Exchange Act,~~ our ~~principal~~internal controls ~~executive~~over ~~officer and principal accounting and~~ financial ~~officer carried~~reporting ~~out~~that anoccurred ~~evaluation~~during ~~of the effectiveness of the design and operation of~~ our ~~disclosure~~fiscal ~~controls~~quarter ~~and~~ended ~~procedures~~September ~~as of March 31~~30, 2022. ~~Based~~that ~~upon~~have ~~their~~materially ~~evaluation~~affected, ~~our principal executive officer and principal accounting and financial officer concluded that our~~ ~~disclosure~~or ~~controls~~are ~~and~~reasonably ~~procedures~~likely ~~(as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective due~~ to ~~the material~~materially ~~weakness~~affect, ~~identified~~our ~~below~~internal ~~due~~control toover ~~our~~financial ~~limited resources:~~reporting.

~~● Lack of proper segregation of duties; and~~11

●PART ~~Lack~~II of- aOTHER ~~formal control process that provides for multiple levels of supervision and review.~~INFORMATION

~~Changes in~~ITEM ~~Internal~~1. ~~Control~~LEGAL ~~over Financial Reporting~~PROCEEDINGS.

There have not been any changes in our internal controls over financial reporting that occurred during our fiscal quarter ended March 31, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reportingNone.

11 ITEM 1A. RISK FACTORS.

~~PART II~~Not ~~- OTHER INFORMATION~~applicable.

ITEM 12. ~~LEGAL~~UNREGISTERED ~~PROCEEDINGS~~SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 1A3. ~~RISK~~DEFAULTS ~~FACTORS~~UPON SENIOR SECURITIES.

~~Not applicable~~None.

ITEM 24. ~~UNREGISTERED~~MINE ~~SALES~~SAFETY ~~OF EQUITY SECURITIES AND USE OF PROCEEDS~~DISCLOSURES.

~~None~~Not applicable.

ITEM 35. ~~DEFAULTS~~OTHER ~~UPON SENIOR SECURITIES~~INFORMATION.

None.

ITEM 46. ~~MINE SAFETY DISCLOSURES~~EXHIBITS.

~~Not~~The following exhibits are filed as part of, ~~applicable~~or incorporated by reference into, this Quarterly Report.

~~ITEM 5. OTHER INFORMATION.~~12

None.

No.		Description of Exhibit
31.1*		Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**		Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		XBRL Instance Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		XBRL Taxonomy Extension Labels Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

~~ITEM~~* 6.Filed ~~EXHIBITS.~~herewith

~~The following~~** ~~exhibits~~Furnished ~~are filed as part of, or incorporated by reference into, this Quarterly Report.~~herewith

12 13

No.		Description of Exhibit
31.1*		Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**		Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		XBRL Instance Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		XBRL Taxonomy Extension Labels Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURES

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

** Furnished herewith

	BANGFU TECHNOLOGY GROUP CO., LTD.

Date: November 9, 2022	/s/ Fuming Yang
	Name:	Fuming Yang
	Title:	President, Treasurer and Secretary
		(Principal Executive Officer and Principal Financial and Accounting Officer)

13 14

SIGNATURES

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

	BANGFU TECHNOLOGY GROUP CO., LTD.
Date: May [ ], 2022	/s/ Fuming Yang
	Name:	Fuming Yang
	Title:	President, Treasurer and Secretary
		(Principal Executive Officer and Principal Financial and Accounting Officer)

Filing Compare · BANGFU TECHNOLOGY GROUP CO., LTD.