Renavotio (RIII) 10-K 15 May 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.
Entity Central Index Key	0001574910
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Common Stock Shares Outstanding	75,135,000
Entity Public Float		$ 11,800,000
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash	$ 26,962	$ 520,772
Accounts receivable, net		436,153
Accounts receivable, net - related party		751,000
Prepayments	1,436
Other receivables - related party	10,800	138,230
Advance to director		151,759
Other current assets	7,060
Total Current Assets	46,258	1,997,913
Total Assets	46,258	1,997,913
Current Liabilities
Accounts payable - related party	38,574	976,861
Accrued expenses	271,086	129,383
Other payables	6,699	5,145
Notes payable - related party	79,468	79,468
Loan payable - related party	170,475	143,325
Convertible notes	175,917
Income tax payable	10,681	121,609
Total Current Liabilities	752,900	1,455,792
Total Liabilities	752,900	1,455,792
Commitments and Contingencies	75,135	75,000
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 500,000,000 shares authorized; 75,135,000 and 75,000,000 shares issued and outstanding	75,135	75,000
Additional paid in capital	223,705	26,340
Retained earnings	(1,008,098)	442,240
Accumulated other comprehensive income (loss)	2,616	(1,459)
Total stockholders' equity (deficit)	(706,642)	542,121
Total liabilities and stockholders' equity (deficit)	$ 46,258	$ 1,997,913

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Stockholders' Equity (Deficit)
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	500,000,000	500,000,000
Common stock issued	75,135,000	75,000,000
Common stock outstanding	75,135,000	75,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS
Revenues	$ 233,249	$ 1,677,975
Cost of Revenues	117,486	218,000
Gross Profit	115,763	1,459,975
Operating Expenses
General and administrative	1,677,002	691,027
Net Income (Loss) from Operation before Taxes	(1,561,239)	768,948
Provision for Income Taxes	(110,901)	121,771
Net Income (Loss)	(1,450,338)	647,177
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	4,075	(1,459)
Comprehensive Income (Loss)	$ (1,446,263)	$ 645,718
Earnings (Loss) per Common Share-Basic and Diluted	$ (0.02)	$ 0.01
Weighted Average Number of Common
Shares Outstanding Basic and diluted	75,070,205	75,000,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated other comprehensive Income (Loss)
Balance, shares at Dec. 31, 2017		75,000,000
Balance, amount at Dec. 31, 2017	$ (103,597)	$ 75,000	$ 26,340	$ (204,937)
Net income for the year ended December 31, 2018	647,177			647,177
Foreign currency translation adjustment	(1,459)				(1,459)
Balance, shares at Dec. 31, 2018		75,000,000
Balance, amount at Dec. 31, 2018	542,121	$ 75,000	26,340	442,240	(1,459)
Net income for the year ended December 31, 2018	(1,450,338)			(1,450,338)
Foreign currency translation adjustment	$ 4,075				4,075
Shares issued for compensation, shares	135,000	135,000
Shares issued for compensation, amount	$ 197,500	$ 135	197,365
Balance, shares at Dec. 31, 2019		75,135,000
Balance, amount at Dec. 31, 2019	$ (706,642)	$ 75,135	$ 223,705	$ (1,008,098)	$ 2,616

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Activities
Net income (loss) of the period	$ (1,450,338)	$ 647,177
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Foreign currency translation adjustment	4,075	(1,459)
Bad Debts	703,491	33,000
Stock based compensation	197,500
Amortization on discount of convertible notes	4,417
Change in assets and liabilities:
Accounts receivable (increase) decrease	1,143,728	(1,097,153)
Prepayments (increase) decrease	(1,436)
Other receivables (increase) decrease	(132,513)	(138,280)
Advance to director (increase) decrease	(248,365)	(115,361)
Other current assets (increase) decrease	(7,060)
Accounts payable increase (decrease)	(938,287)	936,861
Accrued expenses increase (decrease)	141,703	67,280
Other payables increase (decrease)	1,554	2,648
Income tax payables increase (decrease)	(110,928)	121,609
Net cash provided by (used in) operating activities	(692,460)	456,322
Financing Activities
Loans from related parties	27,150	9,656
Proceeds from issuance of convertible notes	171,500
Net cash provided by financing activities	198,650	9,656
Net increase (decrease) in cash and equivalents	(493,810)	466,030
Cash and equivalents at beginning of the period	520,772	54,742
Cash and equivalents at end of the period	26,962	520,772
Supplemental cash flow information:
Interest paid
Income taxes paid

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2019
ORGANIZATION AND NATURE OF BUSINESS
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	Success Entertainment Group International, Inc. (“the Company”, ”we”, ”us”, or “our”) was incorporated in the State of Nevada on January 30, 2013 under the name Altimo Group Corp and its initial business plan was to place and operate frozen yogurt making machines. Effective July 14, 2014, there was a change in control of the Company. In accordance with the terms and provisions of a stock purchase agreement dated May 5, 2014 (the "Stock Purchase Agreement") by and among Marek Tomaszewski, the seller of an aggregate of 8,000,000 shares of common stock of the Company (the "Control Block Seller"), and Success Holding Group Corp. USA, a Nevada corporation (the "Control Block Purchaser"), the Control Block Purchaser purchased from the Control Block Shareholders all of the 8,000,000 shares of common stock held of record. In accordance with the terms and provisions of the Stock Purchase Agreement, the Company accepted the resignations of its sole officer and director, Marek Tomaszewski as President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer effective July 14, 2014. Simultaneously, the Board of Directors appointed the following individuals: (i) Steve Chen as a member of the Board of Directors and the Chief Executive Officer; and (ii) Brian Kistler as a member of the Board of Directors and the President, Secretary, Treasurer and Chief Financial Officer. Effective July 14, 2014, our Board of Directors and majority shareholders approved an amendment to our articles of incorporation to change our name to "Success Entertainment Group International Inc." (the “Name Change Amendment”). The Name Change Amendment was approved by our Board of Directors to better reflect the new nature of our business operations. The Name Change Amendment was filed with the Secretary of State of Nevada on August 22, 2014 changing our name to "Success Entertainment Group International Inc." Effective on July 15, 2014, the Board of Directors of Altimo Group Corp authorized and approved the execution of that certain general release and waiver of debt agreement (the "Release Agreement") with Marek Tomaszekwsi, the Company's prior President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer (the "Creditor"), pursuant to which the Creditor agreed to waive and release the debt due and owing to it in the aggregate amount of $5,100 (the "Released Debt"). In accordance with the terms and provisions of the Release Agreement, the Creditor agreed to release, acquit, covenant not to sue and specifically release and waive any claims or rights it may have under common law and statutory law relating to the Released Debt. Effective July 15, 2014, pursuant to the change in ownership described above, the focus and direction of the Company will now be the production and development of internet movies and training films. On December 1, 2014 the Board of Directors of the Company authorized an amendment to its Bylaws to change the Company’s fiscal year end From March 31 to December 31. On December 2, 2014, our Board of Directors accepted the resignation of Steve Chen as the Chief Executive Officer and appointed Chris (Chi Jui) Hong as the Chief Executive Officer and a member of the Board of Directors. Following this appointment, our Board of Directors consists of three members: (i) Steve Andrew Chen; (ii) Brian Kistler; and (iii) Chris (Chi Jui) Hong. On November 19, 2015, the Company acquired 100% shares of Double Growth Investment Ltd. On December 9, 2015, the Company acquired 100% shares of Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited. All these subsidiaries were registered in Republic of Seychelles. The Company made these acquisitions for future investment purpose. In 2016, the Company discontinued Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited by non-payment of the annual renewal fee. On December 14, 2017, the Company acquired 100% shares of Success Events (Hong Kong) Limited, a company registered in Hong Kong Special Administrative Region. Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc. Shenzhen Internet Media Co., Ltd was registered in China. Distribution Network Inc. was registered in Seychelles and its main business is holding seminar in Great China Area. On February 28, 2018, Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a company in China. Shenzhen Internet Media Co., Ltd. is no longer a subsidiary of the Company. On May 30, 2018, Success Events (Hong Kong) Limited acquire 100% shares of Success Win (Shanghai) Co., Ltd.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation. Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses. Translation Adjustment For the year ended December 31, 2019, the accounts of the Success Win (Shanghai) Co., Ltd. were maintained, and its financial statements were expressed, in RMB. Such financial statements were translated into USD in accordance with the Foreign Currency Matters Topic of the Codification (ASC 830), with the RMB as the functional currency. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement. Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the year ended December 31, 2019 is included net income and foreign currency translation adjustments. Use of Estimates The preparation of financial 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $26,962 and $520,772 of cash as of December 31, 2019 and 2018, respectively. The Company’s bank accounts are deposited in insured institutions. At December 31, 2019, the Company’s bank deposits did not exceed the insured amounts. Accounts Receivable Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable. Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract. The Company recognizes revenue when services have been provided, and collection is reasonably assured. Advertising Costs The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the years ended December 31, 2019 and 2018. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of December 31, 2019 and 2018, the Company has not adopted a stock option plan and has not granted any stock options. Basic and Diluted Income (Loss) per Share Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the year ended December 31, 2019, The potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect.. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

OTHER RECEIVABLES - RELATED PAR

OTHER RECEIVABLES - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
OTHER RECEIVABLES - RELATED PARTY
NOTE 3 - OTHER RECEIVABLES - RELATED PARTY	As of December 31, 2019, the Company has other receivables of $10,800 from Success Holdings Group Corp. USA.

ACCOUNTS PAYABLE - RELATED PART

ACCOUNTS PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
ACCOUNTS PAYABLE - RELATED PARTY
NOTE 4 - ACCOUNTS PAYABLE - RELATED PARTY	As of December 31, 2019, the Company has accounts payable of $31,574, to Shanghai Kun-Xin Media Limited under common control with the Company. As of December 31, 2019, the Company has accounts payable of $7,000 to Steve Andrew Chen who is the Company’s Chairman of the Board of Directors.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
NOTES PAYABLE - RELATED PARTY
NOTE 5 - NOTES PAYABLE - RELATED PARTY	On April 24, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is April 24, 2018 and bear no interest. On June 7, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris Hong (Chi Jui), the Company’s Chief Executive Officer and Director. The maturity of the Notes is June 7, 2018 and bear no interest. On July 5, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is July 5, 2018 and bear no interest. On August 11, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s Chief Executive Officer and Director. The maturity of the Notes is August 11, 2018 and bear no interest. On May 15, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $24,500 with Steve Andrew Chen who is the Company’s Chairman of the Board of Directors. The maturity of the Notes is May 15, 2018 and bear no interest. On July 4, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Steve Andrew Chen who is the Company’s Chairman of the Board of Directors. The maturity of the Notes is July 4, 2018 and bear no interest. On October 17, 2017, the Company repaid Steve Andrew Chen $15,032.

LOAN PAYABLE - RELATED PARTY

LOAN PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
LOAN PAYABLE - RELATED PARTY
NOTE 6 - LOAN PAYABLE - RELATED PARTY	Success Holdings Group Corp. USA, our parent company, paid certain operating costs on our behalf. The total amount owed as at December 31, 2019 is $145,425. Steve Andrew Chen, the Company’s Chairman of the Board of Directors, paid certain operating costs on our behalf. The total amount owed as at December 31, 2019 is $25,050. The loans are unsecured, non-interest bearing and due on demand.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	12 Months Ended
	Dec. 31, 2019
CONVERTIBLE NOTES
NOTE 7 - CONVERTIBLE NOTES	On October 22, 2019, the Company completed execution of a Securities Purchase Agreement, dated as of September 5, 2019 under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion. On November 15, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on July 31, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion. On November 22, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $40,500 for purchase price of $36,500. The Note will mature on November 22, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein). The “Variable Conversion Price” meaning, 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means, for any security as of any date, the lowest traded price on the Over-the-Counter Pink Marketplace, OTCQB, or applicable trading market (the “Principal Market”)as reported by a reliable reporting service (“Reporting Service”) designated by Crown Bridge Partners (i.e. Bloomberg) or, if the Principal Market is not the principal trading market for such security, on the principal securities exchange or trading market where such security is listed or traded or, if the lowest intraday trading price of such security is not available in any of the foreign manners, the lowest intraday price of any market makers for such security that are quoted on the OTC Markets. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Company and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such notes. The discount on for these convertible notes is amortized over the term of the notes. For the year ended December 31, 2019, amortization for discount on these convertible notes is $4,417.

COMMON STOCK

COMMON STOCK	12 Months Ended
	Dec. 31, 2019
COMMON STOCK
NOTE 8 - COMMON STOCK	In 2019, the Company issued 135,000 shares for stock based compensation valued $197,500. There were 75,135,000 and 75,000,000 shares of common stock issued and outstanding as of December 31, 2019 and 2018.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
NOTE 9 - COMMITMENTS AND CONTINGENCIES	Contractual The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. Legal We were not subject to any legal proceedings on December 31, 2019 and no legal proceedings are pending or threatened to the next of our knowledge or belief.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
NOTE 10 - INCOME TAXES	The has cumulative net operating tax loss carryover (the “NOL”) of $730,185 on December 31, 2018, which are not likely to be fully realized and consequently a full valuation allowance has been established relating to this deferred tax assets. The final portion of the NOL will expires in 20 years. The provision for Federal income tax consists of the following: For the Years Ended December 31, 2019 2018 Federal income tax benefit attributable to: Current operations $ 124,717 $ 70,860 Less: valuation allowance (124,717 ) (70,860 ) Net provision for Federal income taxes $ - $ - The cumulative tax effect at the expected rate of 21% in 2019 and 2018 of significant items comprising our net deferred tax amount is as follows: December 31, December 31, 2019 2018 Deferred tax assets attributable to: Net operating loss carryover $ 264,456 $ 139,739 Less: valuation Allowance (264,456 ) (139,739 ) Net deferred tax assets $ - $ - Significant components of income tax expense (benefit) consisted of the following For the Years Ended December 31, 2019 2018 Current: USA $ - $ - Hong Kong (107,980 ) 117,535 PRC (2,921 ) 4,236 Total Current $ (110,901 ) $ 121,771 Deferred: USA $ - $ - Hong Kong - - PRC - - Total Deferred $ - $ - Reconciliation of Effective Income Tax Rate is as follows For the Years Ended December 31, 2019 2018 Statutory U.S. tax rate 21 % 21 % Less: valuation allowance (21 )% (21 )% Effect of Hong Kong statutory tax rate 7 % 15 % Effect of PRC statutory tax rate 0 % 1 % Income taxes 7 % 16 %

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation.
Reclassification	Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses.
Translation Adjustment	For the year ended December 31, 2019, the accounts of the Success Win (Shanghai) Co., Ltd. were maintained, and its financial statements were expressed, in RMB. Such financial statements were translated into USD in accordance with the Foreign Currency Matters Topic of the Codification (ASC 830), with the RMB as the functional currency. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.
Comprehensive Income	The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the year ended December 31, 2019 is included net income and foreign currency translation adjustments.
Use of Estimates	The preparation of financial 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $26,962 and $520,772 of cash as of December 31, 2019 and 2018, respectively. The Company’s bank accounts are deposited in insured institutions. At December 31, 2019, the Company’s bank deposits did not exceed the insured amounts.
Accounts Receivable	Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable.
Fair Value of Financial Instruments	ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity.
Income Taxes	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract. The Company recognizes revenue when services have been provided, and collection is reasonably assured.
Advertising Costs	The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the years ended December 31, 2019 and 2018.
Stock-Based Compensation	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of December 31, 2019 and 2018, the Company has not adopted a stock option plan and has not granted any stock options.
Basic and Diluted Income (Loss) per Share	Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the year ended December 31, 2019, The potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect.
Recent Accounting Pronouncements	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of components of federal income tax	For the Years Ended December 31, 2019 2018 Federal income tax benefit attributable to: Current operations $ 124,717 $ 70,860 Less: valuation allowance (124,717 ) (70,860 ) Net provision for Federal income taxes $ - $ -
Schedule of deferred tax	December 31, December 31, 2019 2018 Deferred tax assets attributable to: Net operating loss carryover $ 264,456 $ 139,739 Less: valuation Allowance (264,456 ) (139,739 ) Net deferred tax assets $ - $ -
Schedule of components of income tax expense benefit	For the Years Ended December 31, 2019 2018 Current: USA $ - $ - Hong Kong (107,980 ) 117,535 PRC (2,921 ) 4,236 Total Current $ (110,901 ) $ 121,771 Deferred: USA $ - $ - Hong Kong - - PRC - - Total Deferred $ - $ -
Schedule of effective income tax rate reconciliation	For the Years Ended December 31, 2019 2018 Statutory U.S. tax rate 21 % 21 % Less: valuation allowance (21 )% (21 )% Effect of Hong Kong statutory tax rate 7 % 15 % Effect of PRC statutory tax rate 0 % 1 % Income taxes 7 % 16 %

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	Dec. 14, 2017	Dec. 09, 2015	Feb. 28, 2018	Nov. 19, 2015	Dec. 31, 2019	May 30, 2018	Jul. 15, 2014	May 05, 2014
State of incorporation
Date of incorporation					Jan. 30, 2013
Double Growth Investment Ltd. [Member}
Acquired shares percentage				100.00%
Description of acquisitions for future investment purpose				The Company acquired 100% shares of Double Growth Investment.
Coronet Limited [Member]
Acquired shares percentage		100.00%
Description of acquisitions for future investment purpose		The Company acquired 100% shares of Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited. All these subsidiaries were registered in Republic of Seychelles.
Hong Kong [Member]
Acquired shares percentage	100.00%					100.00%
Description of acquisitions for future investment purpose	Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc.		Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co.
Stock Purchase Agreement [Member]
Common stock shares								8,000,000
Released Debt [Member]
Waive and release debt							$ 5,100

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 26,962	$ 520,772
Advertising expense	$ 0	$ 0

OTHER RECEIVABLES - RELATED P_2

OTHER RECEIVABLES - RELATED PARTY (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
OTHER RECEIVABLES - RELATED PARTY
Other receivables - related party	$ 10,800	$ 138,230

ACCOUNTS PAYABLE - RELATED PA_2

ACCOUNTS PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Accounts payable - related party	$ 38,574	$ 976,861
Shanghai Kun-Xin Media Limited [Member]
Accounts payable - related party	31,574
Steve Andrew Chen [Member]
Accounts payable - related party	$ 7,000

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	Aug. 11, 2017	Jul. 05, 2017	Jul. 04, 2017	Jun. 07, 2017	May 15, 2017	Oct. 17, 2017	Apr. 24, 2017
Steve Andrew Chen [Member]
Repayment of Notes payable						$ 15,032
Promissory Note Agreement [Member] | Steve Andrew Chen [Member]
Common stock outstanding			$ 10,000		$ 24,500
Maturity date			Jul. 4, 2018		May 15, 2018
Promissory Note Agreement [Member] | Hsu Wen Li [Member]
Common stock outstanding	$ 20,000	$ 20,000		$ 10,000			$ 10,000
Maturity date	Aug. 11, 2018	Jul. 5, 2018		Jun. 7, 2018			Apr. 24, 2018

LOAN PAYABLE - RELATED PARTY (D

LOAN PAYABLE - RELATED PARTY (Details Narrative)	Dec. 31, 2019USD ($)
Steve Andrew Chen [Member]
Loan - related party	$ 25,050
Success Holdings Group Corp USA [Member]
Loan - related party	$ 145,425

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)	1 Months Ended			12 Months Ended
	Nov. 22, 2019	Nov. 15, 2019	Oct. 22, 2019	Dec. 31, 2019	Dec. 31, 2018
Amortization for discount				$ 4,417
Convertible Note Two [Member] | Securities Purchase Agreement [Member]
Purchase price	$ 36,500
Principal amount	$ 40,500
Maturity date	Nov. 22, 2020
Variable conversion price	50% multiplied by the Market Price.
Discount rate	50.00%
Convertible Note One [Member] | Securities Purchase Agreement [Member]
Purchase price		$ 67,500
Principal amount		$ 75,000
Maturity date		Jul. 31, 2020
Conversion description		The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.
Convertible Note [Member] | Securities Purchase Agreement [Member]
Purchase price			$ 67,500
Principal amount			$ 75,000
Maturity date			Sep. 5, 2020
Conversion description			The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
COMMON STOCK
Common stock, shares issued	75,135,000	75,000,000
Common stock, shares outstanding	75,135,000	75,000,000
Stock based compensation, shares	135,000
Stock based compensation, value	$ 197,500

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INCOME TAXES
Current Operations	$ 124,717	$ 70,860
Less: valuation allowance	(124,717)	(70,860)
Net provision for Federal income taxes

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax asset attributable to:
Net operating loss carryover	$ 264,456	$ 139,739
Less: valuation allowance	(264,456)	(139,739)
Net deferred tax asset

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Current:
Total Current	$ (110,901)	$ 121,771
Deferred:
Total Deferred
Hong Kong [Member]
Current:
Total Current	(107,980)	117,535
Deferred:
Total Deferred
USA [Member]
Current:
Total Current
Deferred:
Total Deferred
PRC [Member]
Current:
Total Current	(2,921)	4,236
Deferred:
Total Deferred

INCOME TAXES (Details 3)

INCOME TAXES (Details 3)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INCOME TAXES
Statutory U.S. tax rate	21.00%	21.00%
Less: valuation allowance	(21.00%)	(21.00%)
Effect of Hong Kong statutory tax rate	7.00%	15.00%
Effect of PRC statutory tax rate	0.00%	1.00%
Income taxes	7.00%	16.00%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INCOME TAXES
Net operating loss carry forwards		$ (730,185)
Cumulative tax rate	21.00%	21.00%
Net operating loss carry forwards expiry term	20 years