Ajia Innogroup (AJIA) 10-Q 22 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	May 19, 2023
Cover [Abstract]
Entity Registrant Name	AJIA INNOGROUP HOLDINGS, LTD
Entity Central Index Key	0001650739
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		109,336,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-206450
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	82-1063313
Entity Interactive Data Current	Yes
Entity Address State Or Province	NV
Entity Address Address Line 1	187 E. Warm Springs Road
Entity Address Address Line 2	Suite B307
Entity Address City Or Town	Las Vegas
Entity Address Postal Zip Code	89119
City Area Code	702
Local Phone Number	833-9872

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 19,642	$ 61,963
Accounts receivable	600	0
Deposits and prepayments	18,424	18,432
Earnest deposit	0	105,000
Other receivables	31,529	7,004
Total current assets	70,195	192,399
Non-current assets:
Plant and equipment, net	26,562	29,737
Goodwill	5,029,592	5,029,592
Total non-current assets	5,056,154	5,059,329
TOTAL ASSETS	5,126,349	5,251,728
Current liabilities:
Other payables and accrued liabilities	283,193	422,654
Accounts payable	84,370	0
Amounts due to related parties	734,153	597,192
Total current liabilities	1,101,716	1,019,846
Commitments and contingencies	0	0
Shareholders' equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized; 1,000 shares issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	1	1
Common stock, $0.001 par value; 500,000,000 shares authorized; 109,336,000 and 109,225,000 shares issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	109,336	109,225
Additional paid-in capital	5,424,934	5,358,445
Accumulated other comprehensive income	1,974	3,436
Accumulated deficit	(1,390,799)	(1,118,412)
Total shareholders' equity	4,145,446	4,352,695
Non-controlling interest	(120,813)	(120,813)
Total shareholders' equity including Non controlling interest	4,024,633	4,231,882
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 5,126,349	$ 5,251,728

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	109,336,000	109,225,000
Common stock, shares outstanding	109,336,000	109,225,000

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenues, net	$ 21,518	$ 27,121	$ 275,945	$ 88,050
Cost of revenue	(2,021)	(1,881)	(202,457)	(14,990)
Gross profit	19,497	25,240	73,488	73,060
Operating expenses
Professional fee	10,062	20,297	48,870	70,652
General and administrative	195,529	46,757	351,116	140,014
Total operating expenses	205,591	67,054	399,986	210,666
LOSS FROM OPERATIONS	(186,094)	(41,814)	(326,498)	(137,606)
Other income:
Foreign exchange gain	1,345	0	1,345	0
Government subsidy	14,389		52,753	0
Interest income	2	0	13	10
Total other income	15,736	0	54,111	10
LOSS BEFORE INCOME TAXES	(170,358)	(41,814)	(272,387)	(137,596)
Income tax expense	0	0	0	0
NET LOSS	(170,358)	(41,814)	(272,387)	(137,596)
Net loss attributable to non-controlling interest	0	89	0	708
Net loss attributable to Ajia Innogroup Holdings Ltd. shareholders	(170,358)	(41,903)	(272,387)	(138,304)
NET LOSS	(170,358)	(41,814)	(272,387)	(137,596)
Other comprehensive income (loss) :
- Foreign currency translation gain (loss)	2,621	1,146	(181)	4,277
- Release of foreign currency translation upon sale of a subsidiary	0	0	(1,281)	0
COMPREHENSIVE LOSS	$ (167,737)	$ (40,668)	$ (273,849)	$ (133,319)
Net loss per share - Basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding - Basic and diluted	109,333,600	101,120,000	109,244,522	101,120,000

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net loss	$ (272,387)	$ (137,596)
Adjustment to reconcile net loss to net cash used in operating activities
Depreciation and amortization	12,824	183
Impairment of earnest deposit	105,000	0
Stock-based compensation	21,600	0
Gain on disposal of a subsidiary	(30,809)	0
Change in operating assets and liabilities:
Accounts receivable	(600)	0
Accounts payable	84,370	0
Deposits, prepayments and other receivables	(24,525)	(27,434)
Other payables and accrued liabilities	(64,629)	80,893
Net cash used in operating activities	(169,156)	(83,954)
Cash flows from investing activities:
Purchase of plant and equipment	(9,707)	(154)
Cash from disposal of a subsidiary	(304)	0
Cash from acquisition of a subsidiary	0	3,064
Net cash (used in) provided by investing activities	(10,011)	2,910
Cash flows from financing activities:
Advances from a director	136,961	115,803
Net cash provided by financing activities	136,961	115,803
Effect of exchange rate changes on cash and cash equivalents	(115)	4,301
Net change in cash and cash equivalents	(42,321)	39,060
CASH AND CASH EQUIVALENT, BEGINNING OF PERIOD	61,963	1,120
CASH AND CASH EQUIVALENT, END OF PERIOD	19,642	40,180
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS (DEFICIT) EQUITY - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated other comprehensive loss	Retained Earnings (Accumulated Deficit)	Noncontrolling Interest
Balance, shares at Jun. 30, 2021		1,000	101,120,000
Balance, amount at Jun. 30, 2021	$ (228,562)	$ 1	$ 101,120	$ 503,550	$ (4,368)	$ (829,497)	$ 632
Acquisition of a subsidiary	36,841	0	0	0		0	36,841
Net loss for the period	(73,342)	0	0	0	0	(60,493)	(12,849)
Foreign currency translation adjustment	559	$ 0	$ 0	0	559	0	0
Balance, shares at Sep. 30, 2021		1,000	101,120,000
Balance, amount at Sep. 30, 2021	(264,504)	$ 1	$ 101,120	503,550	(3,809)	(889,990)	24,624
Balance, shares at Jun. 30, 2021		1,000	101,120,000
Balance, amount at Jun. 30, 2021	(228,562)	$ 1	$ 101,120	503,550	(4,368)	(829,497)	632
Net loss for the period	(137,596)
Balance, shares at Mar. 31, 2022		1,000	101,120,000
Balance, amount at Mar. 31, 2022	(325,040)	$ 1	$ 101,120	503,550	(91)	(967,801)	38,181
Balance, shares at Sep. 30, 2021		1,000	101,120,000
Balance, amount at Sep. 30, 2021	(264,504)	$ 1	$ 101,120	503,550	(3,809)	(889,990)	24,624
Net loss for the period	(22,440)	0	0	0	0	(35,908)	13,468
Foreign currency translation adjustment	2,572	$ 0	$ 0	0	2,572	0	0
Balance, shares at Dec. 31, 2021		1,000	101,120,000
Balance, amount at Dec. 31, 2021	(284,372)	$ 1	$ 101,120	503,550	(1,237)	(925,898)	38,092
Net loss for the period	(41,814)	0	0	0	0	(41,903)	89
Foreign currency translation adjustment	1,146	$ 0	$ 0	0	1,146	0	0
Balance, shares at Mar. 31, 2022		1,000	101,120,000
Balance, amount at Mar. 31, 2022	(325,040)	$ 1	$ 101,120	503,550	(91)	(967,801)	38,181
Balance, shares at Jun. 30, 2022		1,000	109,225,000
Balance, amount at Jun. 30, 2022	4,231,882	$ 1	$ 109,225	5,358,445	3,436	(1,118,412)	(120,813)
Net loss for the period	(15,570)	0	0	0	0	(15,570)	0
Foreign currency translation adjustment	2,195	0	0	0	2,195	0	0
Disposal of a subsidiary	(1,281)	$ 0	$ 0	0	(1,281)	0	0
Balance, shares at Sep. 30, 2022		1,000	109,225,000
Balance, amount at Sep. 30, 2022	4,217,226	$ 1	$ 109,225	5,358,445	4,350	(1,133,982)	(120,813)
Balance, shares at Jun. 30, 2022		1,000	109,225,000
Balance, amount at Jun. 30, 2022	4,231,882	$ 1	$ 109,225	5,358,445	3,436	(1,118,412)	(120,813)
Net loss for the period	(272,387)
Balance, shares at Mar. 31, 2023		1,000	109,336,000
Balance, amount at Mar. 31, 2023	4,024,633	$ 1	$ 109,336	5,424,934	1,974	(1,390,799)	(120,813)
Balance, shares at Sep. 30, 2022		1,000	109,225,000
Balance, amount at Sep. 30, 2022	4,217,226	$ 1	$ 109,225	5,358,445	4,350	(1,133,982)	(120,813)
Net loss for the period	(86,459)	0	0	0	0	(86,459)	0
Foreign currency translation adjustment	(4,997)	0	$ 0	0	(4,997)	0	0
Issuance of common shares, shares			75,000
Issuance of common shares, amount	45,000	$ 0	$ 75	44,925	0	0	0
Balance, shares at Dec. 31, 2022		1,000	109,300,000
Balance, amount at Dec. 31, 2022	4,170,770	$ 1	$ 109,300	5,403,370	(647)	(1,220,441)	(120,813)
Net loss for the period	(170,358)	0	0	0	0	(170,358)	0
Foreign currency translation adjustment	2,621	0	$ 0	0	2,621	0	0
Issuance of common shares, shares			36,000
Issuance of common shares, amount	21,600	$ 0	$ 36	21,564	0	0	0
Balance, shares at Mar. 31, 2023		1,000	109,336,000
Balance, amount at Mar. 31, 2023	$ 4,024,633	$ 1	$ 109,336	$ 5,424,934	$ 1,974	$ (1,390,799)	$ (120,813)

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2023
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the consolidated balance sheet as of June 30, 2022 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended March 31, 2023 are not necessarily indicative of the results to be expected for the entire fiscal year ending June 30, 2023 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended June 30, 2022, filed with the SEC on October 13, 2022.

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	9 Months Ended
	Mar. 31, 2023
ORGANIZATION AND BUSINESS BACKGROUND
ORGANIZATION AND BUSINESS BACKGROUND	NOTE 2 – ORGANIZATION AND BUSINESS BACKGROUND Ajia Innogroup Holdings, Ltd., (the “Company” or “AJIA”) was incorporated in the State of Nevada on March 19, 2014. The Company had intended to provide a website and mobile app to assist event planners in locating performers, bands and speakers, booking locations and planning events in areas around the United States and Canada. However, The Company changed its business plan in 2017 and is currently planning to pursue the business in having self-help photo kiosks to be implemented at major convenient locations, such as shopping mall, buildings near subway stations, etc. to attract customers to use the service. In addition, the Company provides system development consulting and training services. The main revenue for these businesses will be generated from the self-help photo kiosks at which one can do photo printing, WeChat printing, game commemorative photos, copying documents, etc., as well as from consulting contracts. During September 2022, the Company disposed its subsidiary, Guangzhou Shengjia Trading Co., Limited. The details of the Company’s subsidiaries are described below: Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of issued/ registered share capital Effective interest Held Splendor Radiant Limited (“SRL”) British Virgin Islands, a limited liability company Investment holding 1 issued share of US$1 each 100% A Jia Creative Holdings Limited (“ACHL”) Hong Kong, a limited liability company Provision of food and beverage sales system setup and maintenance service 100 ordinary shares for HK$100 100% Ajia Corporate Systems Architecture Solution Limited (“ACSL”) Hong Kong, a limited liability company Provision of money lending, insurance brokerage and business development trustee service 10,000 ordinary shares for HK$10,000 51% Union Passenger Limited (“UPL”) Hong Kong, a limited liability company Provision of catering member service solutions and service platform 1,000 ordinary shares for HK$1,000 100% AJIA and its subsidiaries are hereinafter referred to as (the “Company”).

GOING CONCERN UNCERTAINIES

GOING CONCERN UNCERTAINIES	9 Months Ended
	Mar. 31, 2023
GOING CONCERN UNCERTAINIES
GOING CONCERN UNCERTAINIES	NOTE 3 – GOING CONCERN UNCERTAINIES The accompanying unaudited condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company experienced a net loss of $272,387 for the nine months ended March 31, 2023 and incurred an accumulated deficit of $1,390,799 as of March 31, 2023. The continuation of the Company as a going concern through March 31, 2024 is dependent upon the continued financial support from its stockholders. The Company is currently pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES · Basis of presentation These accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). · Use of estimates In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates. · Basis of consolidation The unaudited condensed consolidated financial statements include the financial statements of AJIA and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. · Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. · Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Expected useful lives Computer equipment 5 years Furniture & fixtures 3 years Computer software 3 years Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. · Goodwill Goodwill represents the excess of purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is tested for impairment at least annually in accordance with the provisions of ASC Topic 350, “ Intangibles-Goodwill and Other · Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “ Impairment or Disposal of Long-Lived Assets · Revenue recognition The Company’s revenue recognition policies are in compliance with ASC 605-35 “ Revenue Recognition The Company recognizes revenues from the sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. · Comprehensive income or loss ASC Topic 220, “Comprehensive Income” · Income taxes The provision for income taxes is determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial condition or results of operations for the nine months ended March 31, 2023 and 2022. The Company and its subsidiaries are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions. · Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per Share · Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiaries operating in Hong Kong maintained their books and records in their local currency, Hong Kong Dollars (“HK$”), which is their functional currency, being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement”, Translation of amounts from its reporting currencies into US$ has been made at the following exchange rates for the respective period: March 31, 2023 March 31, 2022 Period-end HK$:US$1 exchange rate 7.8499 7.8308 Period average HK$:US$1 exchange rate 7.8784 7.7911 Period-end RMB:US$1 exchange rate N/A 6.3444 Period average RMB:US$1 exchange rate N/A 6.4061 · Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. · Stock-based compensation The Company recognizes stock-based compensation in accordance with ASC Topic 718 “Stock Compensation”, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. For non-employee stock-based compensation, the Company has adopted ASC 2018-07, Improvements to Nonemployee Share-Based Payment Accounting which expands on the scope of ASC 718 to include share-based payment transactions for acquiring services from non-employees and requires stock-based compensation related to non-employees to be accounted for based on the fair value of the related stock or the fair value of the services at the grant date, whichever is more readily determinable in accordance with ASC Topic 718. · Commitments and contingencies The Company follows the ASC 450-20, “ Commitments” If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. · Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments and other receivables, accounts payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures ☐ Level 1 ☐ Level 2 ☐ Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. · Recent accounting pronouncements The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on the results of operations, financial condition, or cash flows, based on the current information.

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	9 Months Ended
	Mar. 31, 2023
PLANT AND EQUIPMENT
PLANT AND EQUIPMENT	NOTE 5 – PLANT AND EQUIPMENT Plant and equipment consisted of the following: March 31, 2023 June 30, 2022 At cost: Computer equipment $ 1,291 $ 1,291 Computer software 49,403 39,731 Furniture and fixtures, at cost 2,191 2,191 Foreign translation difference (250 ) (268 ) 52,635 42,945 Less: accumulated depreciation (25,944 ) (13,120 ) Less: foreign translation difference (129 ) (88 ) $ 26,562 $ 29,737 Depreciation expense for the three months ended March 31, 2023 and 2022 were $4,207 and $64, respectively. Depreciation expense for the nine months ended March 31, 2023 and 2022 were $12,824 and $183, respectively.

AMOUNT DUE TO A RELATED PARTY

AMOUNT DUE TO A RELATED PARTY	9 Months Ended
	Mar. 31, 2023
AMOUNT DUE TO A RELATED PARTY
AMOUNT DUE TO A RELATED PARTY	NOTE 6 – AMOUNTS DUE TO RELATED PARTIES As of March 31, 2023 and June 30, 2022, amounts due to related parties represented salary payables and temporary advances made by a director of the Company, Ms. WAN Yin Ling, and shareholders of the Company, Mr. WONG Bik Chun and Mr. POON Wai Han, which were unsecured, interest-free and repayable on demand.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Mar. 31, 2023
INCOME TAXES
INCOME TAXES	NOTE 7 – INCOME TAXES The Company operates in various countries: United States, British Virgin Island, Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America AJIA is registered in the State of Nevada and is subject to the tax laws of United States of America with the U.S. corporate tax rate of 21%. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the periods presented. For the nine months ended March 31, 2023 and 2022, there was no operating income. and accordingly, no tax expense arising. A full valuation allowance has been provided against the deferred tax assets of $271,028, on the expected future tax benefits from the net operating loss (“NOL”) carry forwards of $1,290,610 as the management believes it is more likely than not that these assets will not be realized in the future. British Virgin Island Under the current BVI law, SRL is not subject to tax on income. Hong Kong ACHL, ACSL and UPL are subject to Hong Kong tax regime. For the nine months ended March 31, 2023 and 2022, no provision for Hong Kong Profits Tax is provided for, since the Company did not derive assessable profits from Hong Kong under its applicable tax law. A full valuation allowance has been provided against the deferred tax assets of $77,002, on the expected future tax benefits from the net operating loss (“NOL”) carry forwards of $466,677. The reconciliation of income tax rate to the effective income tax rate based on loss before income taxes from foreign operation for the nine months ended March 31, 2023 and 2022 are as follows: Nine months ended March 31, 2023 2022 Loss before income taxes $ (71,583 ) $ (137,036 ) Statutory income tax rate 16.5 % 16.5 % Income tax impact at the statutory rate (11,811 ) (22,611 ) Non-deductible items 2,192 - Non-taxable and deductible item (5,245 ) - Net operating loss carry forward 14,864 22,611 Income tax expense $ - $ - The following table sets forth the significant components of the aggregate net deferred tax assets of the Company as of March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Deferred tax assets: Net operating loss carryforward from: – United States of America $ 271,028 $ 222,065 – Hong Kong 77,002 62,137 – The PRC - 7,702 Total deferred tax assets 348,030 291,904 Less: valuation allowance (348,030 ) (291,904 ) Net deferred tax assets $ - $ - As of March 31, 2023, the Company incurred an aggregate of $1,757,287 of net operating loss carryforwards available to offset its future taxable income for income tax purposes. The Company has provided for a full valuation allowance against the deferred tax assets of $348,030 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. For the period ended March 31, 2023, the valuation allowance increased by $56,126, primarily relating to net operating loss carryforwards.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	9 Months Ended
	Mar. 31, 2023
STOCKHOLDERS DEFICIT
STOCKHOLDERS DEFICIT	NOTE 8 – STOCKHOLDERS’ DEFICIT (a) Preferred stock The Company was authorized to issue one hundred million (100,000,000) shares of preferred stock, par value $0.001 per share. As of March 31, 2023, one thousand shares of preferred stock have been issued and outstanding. (b) Common stock Shares authorized Upon formation, the total number of shares of all classes of stock which the Company was authorized to issue seventy-five million (75,000,000) shares of common stock, par value of $0.001 per share. On December 15, 2018, the Company increased its authorized common shares to 500,000,000 shares at par value $0.001 per share. Common stock issued On December 6, 2022, the Company issued 75,000 shares of common stock at the price of $0.6 per share to compensate certain directors in rendering services to the Company. On January 6, 2023, the Company issued 36,000 shares of common stock at the price of $0.6 per share to compensate certain directors in rendering services to the Company. As of March 31, 2023 and June 30, 2022, the Company had a total of 109,336,000 and 109,225,000 shares of its common stock issued and outstanding.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Mar. 31, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS From time to time, the stockholder and director of the Company advanced funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and due on demand. The imputed interest on the loan from a related party was not significant. During the nine months ended March 31, 2023, amount due to related parties totaled $734,153, comprising amounts due to its director and shareholders, which are interest-free and repayable on demand. Apart from the transactions and balances detailed elsewhere in these accompanying unaudited condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	9 Months Ended
	Mar. 31, 2023
CONCENTRATIONS OF RISK
CONCENTRATIONS OF RISK	NOTE 10 – CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: (a) Major customers Three Months ended March 31, 2023 March 31, 2023 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 17,821 77.80 % Total: $ - Three Months ended March 31, 2022 March 31, 2022 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 15,000 55.30 % $ - Customer B 10,000 36.80 % - Total: $ 25,000 92.16 % Total: $ - Nine Months ended March 31, 2023 March 31, 2023 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 67,324 24.4 % Total: $ - Nine Months ended March 31, 2022 March 31, 2022 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 40,000 45.43 % $ - Customer B 30,000 34.07 % - Total: $ 70,000 79.50 % Total: $ - These customers are located in Hong Kong. (b) Major vendors Three Months ended March 31, 2023 March 31, 2023 Vendors Cost of revenue Percentage of cost of revenue Accounts payable Vendor A $ 1,424 11.9 % Total: $ 38,956 Nine Months ended March 31, 2023 March 31, 2023 Vendors Cost of revenue Percentage of cost of revenue Accounts payable Vendor A $ 112,117 55.4 % Total: $ 38,956 For the three months and nine months ended March 31, 2022, no single vendor accounts for 10% or more of the Company’s cost of revenue. The vendor is located in Hong Kong. (c) Credit risk Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. (d) Exchange rate risk Whilst the reporting currency of the Company is US$, to date the majority of the revenues and costs are denominated in HK$ and a significant portion of the assets and liabilities are denominated in HK$. As a result, the Company is exposed to foreign exchange risk as its revenues and results of operations may be affected by fluctuations in the exchange rate between US$ and HK$. The Company does not hold any derivative or other financial instruments that expose to substantial market risk.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Mar. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 11 – COMMITMENTS AND CONTINGENCIES As of March 31, 2023, there were no commitments and contingencies involved.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates	In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Basis of consolidation	These accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The unaudited condensed consolidated financial statements include the financial statements of AJIA and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Cash and cash equivalents	Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Plant and equipment	Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Expected useful lives Computer equipment 5 years Furniture & fixtures 3 years Computer software 3 years Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.
Goodwill	Goodwill represents the excess of purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is tested for impairment at least annually in accordance with the provisions of ASC Topic 350, “ Intangibles-Goodwill and Other
Impairment of long-lived assets	In accordance with the provisions of ASC Topic 360, “ Impairment or Disposal of Long-Lived Assets
Revenue recognition	The Company’s revenue recognition policies are in compliance with ASC 605-35 “ Revenue Recognition The Company recognizes revenues from the sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied.
Comprehensive income or loss	ASC Topic 220, “Comprehensive Income”
Income taxes	The provision for income taxes is determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial condition or results of operations for the nine months ended March 31, 2023 and 2022. The Company and its subsidiaries are subject to local and various foreign tax jurisdictions. The Company’s tax returns remain open subject to examination by major tax jurisdictions.
Net loss per share	The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per Share
Foreign currencies translation	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiaries operating in Hong Kong maintained their books and records in their local currency, Hong Kong Dollars (“HK$”), which is their functional currency, being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement”, Translation of amounts from its reporting currencies into US$ has been made at the following exchange rates for the respective period: March 31, 2023 March 31, 2022 Period-end HK$:US$1 exchange rate 7.8499 7.8308 Period average HK$:US$1 exchange rate 7.8784 7.7911 Period-end RMB:US$1 exchange rate N/A 6.3444 Period average RMB:US$1 exchange rate N/A 6.4061
Related parties	Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Stock-based compensation	The Company recognizes stock-based compensation in accordance with ASC Topic 718 “Stock Compensation”, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. For non-employee stock-based compensation, the Company has adopted ASC 2018-07, Improvements to Nonemployee Share-Based Payment Accounting which expands on the scope of ASC 718 to include share-based payment transactions for acquiring services from non-employees and requires stock-based compensation related to non-employees to be accounted for based on the fair value of the related stock or the fair value of the services at the grant date, whichever is more readily determinable in accordance with ASC Topic 718.
Commitments and contingencies	The Company follows the ASC 450-20, “ Commitments” If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.
Fair Value of Financial Instruments	The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayments and other receivables, accounts payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures ☐ Level 1 ☐ Level 2 ☐ Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Recent accounting pronouncements	The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on the results of operations, financial condition, or cash flows, based on the current information.

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Tables)	9 Months Ended
	Mar. 31, 2023
ORGANIZATION AND BUSINESS BACKGROUND
Schedule of Company's subsidiaries	Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of issued/ registered share capital Effective interest Held Splendor Radiant Limited (“SRL”) British Virgin Islands, a limited liability company Investment holding 1 issued share of US$1 each 100% A Jia Creative Holdings Limited (“ACHL”) Hong Kong, a limited liability company Provision of food and beverage sales system setup and maintenance service 100 ordinary shares for HK$100 100% Ajia Corporate Systems Architecture Solution Limited (“ACSL”) Hong Kong, a limited liability company Provision of money lending, insurance brokerage and business development trustee service 10,000 ordinary shares for HK$10,000 51% Union Passenger Limited (“UPL”) Hong Kong, a limited liability company Provision of catering member service solutions and service platform 1,000 ordinary shares for HK$1,000 100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of plant and equipment expected useful lives	Expected useful lives Computer equipment 5 years Furniture & fixtures 3 years Computer software 3 years
Schedule of Foreign currencies translation exchange rates	March 31, 2023 March 31, 2022 Period-end HK$:US$1 exchange rate 7.8499 7.8308 Period average HK$:US$1 exchange rate 7.8784 7.7911 Period-end RMB:US$1 exchange rate N/A 6.3444 Period average RMB:US$1 exchange rate N/A 6.4061

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Mar. 31, 2023
PLANT AND EQUIPMENT
Schedule of plant and equipment	March 31, 2023 June 30, 2022 At cost: Computer equipment $ 1,291 $ 1,291 Computer software 49,403 39,731 Furniture and fixtures, at cost 2,191 2,191 Foreign translation difference (250 ) (268 ) 52,635 42,945 Less: accumulated depreciation (25,944 ) (13,120 ) Less: foreign translation difference (129 ) (88 ) $ 26,562 $ 29,737

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Mar. 31, 2023
INCOME TAXES
Reconciliation of income tax rate	Nine months ended March 31, 2023 2022 Loss before income taxes $ (71,583 ) $ (137,036 ) Statutory income tax rate 16.5 % 16.5 % Income tax impact at the statutory rate (11,811 ) (22,611 ) Non-deductible items 2,192 - Non-taxable and deductible item (5,245 ) - Net operating loss carry forward 14,864 22,611 Income tax expense $ - $ -
Schedule of net deferred tax assets	March 31, 2023 June 30, 2022 Deferred tax assets: Net operating loss carryforward from: – United States of America $ 271,028 $ 222,065 – Hong Kong 77,002 62,137 – The PRC - 7,702 Total deferred tax assets 348,030 291,904 Less: valuation allowance (348,030 ) (291,904 ) Net deferred tax assets $ - $ -

CONCENTRATIONS OF RISK (Tables)

CONCENTRATIONS OF RISK (Tables)	9 Months Ended
	Mar. 31, 2023
CONCENTRATIONS OF RISK
Schedule of concentrations of risk	Three Months ended March 31, 2023 March 31, 2023 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 17,821 77.80 % Total: $ - Three Months ended March 31, 2022 March 31, 2022 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 15,000 55.30 % $ - Customer B 10,000 36.80 % - Total: $ 25,000 92.16 % Total: $ - Nine Months ended March 31, 2023 March 31, 2023 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 67,324 24.4 % Total: $ - Nine Months ended March 31, 2022 March 31, 2022 Customers Revenues Percentage of revenues Accounts receivable Customer A $ 40,000 45.43 % $ - Customer B 30,000 34.07 % - Total: $ 70,000 79.50 % Total: $ - Three Months ended March 31, 2023 March 31, 2023 Vendors Cost of revenue Percentage of cost of revenue Accounts payable Vendor A $ 1,424 11.9 % Total: $ 38,956 Nine Months ended March 31, 2023 March 31, 2023 Vendors Cost of revenue Percentage of cost of revenue Accounts payable Vendor A $ 112,117 55.4 % Total: $ 38,956

ORGANIZATION AND BUSINESS BAC_3

ORGANIZATION AND BUSINESS BACKGROUND (Details)	9 Months Ended
	Mar. 31, 2023
Ajia Creative Holdings Limited [Member]
Company Name	A Jia Creative Holdings Limited (“ACHL”)
Place of incorporation and kind of legal entity	Hong Kong, a limited liability company
Principal activities and place of operation	Provision of food and beverage sales system setup and maintenance service
Particulars of issued/ registered share capital	100 ordinary shares for HK$100
Effective interest Held	100%
Ajia Corporate Systems Architecture Solution Limited [Member]
Company Name	Ajia Corporate Systems Architecture Solution Limited (“ACSL”)
Place of incorporation and kind of legal entity	Hong Kong, a limited liability company
Particulars of issued/ registered share capital	10,000 ordinary shares for HK$10,000
Effective interest Held	51%
Principal activities and place of operation	Provision of money lending, insurance brokerage and business development trustee service
Union Passenger Limited [Member]
Company Name	Union Passenger Limited (“UPL”)
Place of incorporation and kind of legal entity	Hong Kong, a limited liability company
Particulars of issued/ registered share capital	1,000 ordinary shares for HK$1,000
Effective interest Held	100%
Principal activities and place of operation	Provision of catering member service solutions and service platform
Splendor Radiant Limited [Member]
Company Name	Splendor Radiant Limited (“SRL”)
Place of incorporation and kind of legal entity	British Virgin Islands, a limited liability company
Principal activities and place of operation	Investment holding
Particulars of issued/ registered share capital	1 issued share of US$1 each
Effective interest Held	100%

GOING CONCERN UNCERTAINIES (Det

GOING CONCERN UNCERTAINIES (Detail Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
GOING CONCERN UNCERTAINIES
Accumulated deficit	$ (1,390,799)						$ (1,390,799)		$ (1,118,412)
Net loss for the period	$ (170,358)	$ (86,459)	$ (15,570)	$ (41,814)	$ (22,440)	$ (73,342)	$ (272,387)	$ (137,596)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Mar. 31, 2023
Computer Software [Member]
Expected useful lives	3 years
Computer Equipment [Member]
Expected useful lives	5 years
Furniture & fixtures [Member]
Expected useful lives	3 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Mar. 31, 2023	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Period-end HK$:US$1 exchange rate	7.8499	7.8308
Period average HK$:US$1 exchange rate	7.8784	7.7911
Period-end RMB:US$1 exchange rate		6.3444
Period average RMB:US$1 exchange rate		6.4061

PLANT AND EQUIPMENT (Details)

PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
PLANT AND EQUIPMENT
Computer equipment, at cost	$ 1,291	$ 1,291
Computer software, at cost	49,403	39,731
Furniture and fixtures, at cost	2,191	2,191
Foreign translation difference	(250)	(268)
Total cost	52,635	42,945
Less: accumulated depreciation	(25,944)	(13,120)
Less: foreign translation difference	(129)	(88)
Total Plant and equipment	$ 26,562	$ 29,737

PLANT AND EQUIPMENT (Details Na

PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
PLANT AND EQUIPMENT
Depreciation expense	$ 4,207	$ 64	$ 12,824	$ 183

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
INCOME TAXES
Loss before income taxes	$ (71,583)	$ (137,036)
Statutory income tax rate	16.50%	16.50%
Income tax impact at the statutory rate	$ (11,811)	$ (22,611)
Non-deductible items	2,192	0
Non-taxable and deductible item	(5,245)	0
Net operating loss carry forward	14,864	22,611
Income tax expense	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Net operating loss carryforward from:
United States of America	$ 271,028	$ 222,065
Hong Kong	77,002	62,137
The PRC	0	7,702
Total deferred tax assets	348,030	291,904
Less: valuation allowance	(348,030)	(291,904)
Net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Increase in valuation allowance	$ 56,126
Deferred tax assets	348,030	$ 291,904
Hong Kong [Member]
Deferred tax assets	77,002
Net operating loss carryforwards	466,677
PRC [Member]
Deferred tax assets	271,028
Net operating loss carryforwards	1,290,610
Aggregate net operating loss carryforwards	$ 1,757,287

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative) - $ / shares	Mar. 31, 2023	Jan. 06, 2023	Dec. 06, 2022	Jun. 30, 2022	Dec. 15, 2018
Preferred stock authorized	100,000,000			100,000,000
Preferred stock, par value	$ 0.001			$ 0.001
Common stock, authorized	500,000,000			500,000,000	75,000,000
Common stock, par value per share	$ 0.001	$ 0.6		$ 0.001	$ 0.001
Common stocks, shares issued	109,336,000	6,000		109,225,000
Common stock, shares outstanding	109,336,000			109,225,000
Director [Member]
Common stock, par value per share			$ 0.6
Common stocks, shares issued			75,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
RELATED PARTY TRANSACTIONS
Amounts due to related parties	$ 734,153	$ 597,192

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Revenues		$ 25,000		$ 70,000
Percentage of revenues		92.16%		79.50%
Accounts receivable		$ 0		$ 0
Cost of revenue	$ 2,021	1,881	$ 202,457	14,990
Customer B [Member]
Revenues		$ 10,000		$ 30,000
Percentage of revenues		36.80%		34.07%
Accounts receivable		$ 0		$ 0
Customer A [Member]
Revenues	$ 17,821	$ 15,000	$ 67,324	$ 40,000
Percentage of revenues	77.80%	55.30%	24.40%	45.43%
Accounts receivable	$ 0	$ 0	$ 0	$ 0
Vendor A [Member]
Cost of revenue	1,424		112,117
Accounts Payble	$ 38,956		$ 38,956
Percentage of cost of revenue	11.90%		55.40%

CONCENTRATIONS OF RISK (Detai_2

CONCENTRATIONS OF RISK (Details Narrative)	3 Months Ended
	Mar. 31, 2022
CONCENTRATIONS OF RISK
Major customer description	no single vendor accounts for 10% or more of the Company’s cost of revenue