Phoenix Plus (PXPC) 10-Q 10 Jun 22 2022 Q3 Quarterly report Financial data

Cover

Cover	9 Months Ended
	Apr. 30, 2022shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	333-233778
Entity Registrant Name	PHOENIX PLUS CORP.
Entity Central Index Key	0001785493
Entity Tax Identification Number	61-1907931
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2-3 & 2-5 BEDFORD BUSINESS PARK
Entity Address, Address Line Two	JALAN 3/137B
Entity Address, Address Line Three	BATU 5, JALAN KELANG LAMA
Entity Address, City or Town	KUALA LUMPUR
Entity Address, Country	MY
Entity Address, Postal Zip Code	58200
City Area Code	603
Local Phone Number	7971 8168
Title of 12(b) Security	Common Stock
Trading Symbol	PXPC
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding	332,699,500

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Apr. 30, 2022	Jul. 31, 2021
NON-CURRENT ASSETS
Lease asset- right of use	$ 23,396	$ 38,848
Equity method investment	231,705
Total Non-Current Assets	255,101	38,848
CURRENT ASSETS
Trade receivable		39,900
Prepayment and deposits	7,119	244,348
Cash in bank	1,683,548	1,910,872
Total Current Assets	1,690,667	2,195,120
TOTAL ASSETS	1,945,768	2,233,968
CURRENT LIABILITIES
Trade payable		38,738
Other payables and accrued liabilities	58,200	28,679
Lease liabilities, current	19,960	19,749
Total Current Liabilities	78,160	87,166
NON-CURRENT LIABILITIES
Lease liabilities, non-current	3,436	19,099
TOTAL LIABILITIES	81,596	106,265
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Shares, par value $0.0001; 1,000,000,000 shares authorized, 332,699,500 shares issued and outstanding as of April 30, 2022 and July 31, 2021	33,270	33,270
Additional paid in capital	3,245,230	3,245,230
Accumulated deficit	(1,414,328)	(1,150,797)
TOTAL STOCKHOLDERS’ EQUITY	1,864,172	2,127,703
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,945,768	$ 2,233,968

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2022	Jul. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	332,699,500	332,699,500
Common stock, shares outstanding	332,699,500	332,699,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Income Statement [Abstract]
REVENUE		$ 14,622	$ 19,918	$ 28,815
COST OF REVENUE		(12,946)	(16,328)	(43,131)
GROSS PROFIT/(LOSS)		1,676	3,590	(14,316)
OTHER INCOME	1,866		37,457	37,317
EQUITY METHOD LOSS	(131)		(335)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	(159,839)	(135,299)	(304,243)	(242,977)
LOSS BEFORE INCOME TAX	(158,104)	(133,623)	(263,531)	(219,976)
INCOME TAX PROVISION
NET LOSS	(158,104)	(133,623)	(263,531)	(219,976)
OTHER COMPREHENSIVE LOSS
TOTAL COMPREHENSIVE LOSS	$ (158,104)	$ (133,623)	$ (263,531)	$ (219,976)
Net loss per share, basic and diluted:	$ (0.0005)	$ (0.0004)	$ (0.0008)	$ (0.0007)
Weighted average number of common shares outstanding – Basic and diluted	332,699,500	331,917,500	332,699,500	331,917,500

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Jul. 31, 2020	$ 33,192	$ 2,463,308	$ (812,445)	$ 1,684,055
Beginning Balance, shares at Jul. 31, 2020	331,917,500
Net loss for the period			(219,976)	(219,976)
Ending balance, value at Apr. 30, 2021	$ 33,192	2,463,308	(1,032,421)	1,464,079
Ending Balance, shares at Apr. 30, 2021	331,917,500
Beginning balance, value at Jul. 31, 2021	$ 33,270	3,245,230	(1,150,797)	2,127,703
Beginning Balance, shares at Jul. 31, 2021	332,699,500
Net loss for the period			(263,531)	(263,531)
Ending balance, value at Apr. 30, 2022	$ 33,270	$ 3,245,230	$ (1,414,328)	$ 1,864,172
Ending Balance, shares at Apr. 30, 2022	332,699,500

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (263,531)	$ (219,976)
Adjustments to reconcile net loss to net cash (used in)/generated from operating activities:
Equity method investment loss	335
Depreciation and amortization		48,970
Operating lease expenses	15,452	11,448
Changes in operating assets and liabilities:
Trade receivables	39,900	8,058
Prepayments and deposits	5,189	4,160
Trade payable	(38,738)	(577)
Other payables and accrued liabilities	29,521	677,264
Operating lease liabilities	(15,452)	(13,462)
Net cash (used in)/generated from operating activities	(227,324)	515,885
Effect of exchange rate changes on cash and cash equivalents
Net (decrease)/ increase in cash and cash equivalents	(227,324)	515,885
Cash and cash equivalents, beginning of year	1,910,872	1,408,048
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,683,548	1,923,933
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION Phoenix Plus Corp. was incorporated on November 5, 2018 under the laws of the state of Nevada. The Company, through its subsidiaries, engaged in providing technical consultancy on solar power system and consultancy on green energy solution, and also focused on the commercialization of a targeted portfolio of solar products (amorphous thin film solar panels and ancillary products) and technologies for a wide range of applications including electrical power production. On March 18, 2019, the Company acquired 100% On July 25, 2019, Phoenix Plus Corp., a Malaysia Company acquired Phoenix Plus International Limited (herein referred as the “Hong Kong Company”), a private limited company incorporated in Hong Kong. Details of the Company’s subsidiary: SCHEDULE OF DETAILS OF COMPANY’S SUBSIDIARY Company name Place and date of incorporation Particulars of issued capital Principal activities 1. Phoenix Plus Corp. Labuan / January 4, 2019 100 shares of ordinary share of US$1 each Investment holding 2. Phoenix Plus International Limited Hong Kong / March 19, 2019 1 ordinary share of HKD$1 Providing technical consultancy on solar power system and consultancy on green energy solution PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The consolidated financial statements for Phoenix Plus Corp. and its subsidiaries for the period ended April 30, 2022 is prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Phoenix Plus Corp. and its wholly owned subsidiaries, Phoenix Plus Corp. and Phoenix Plus International Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted July 31 as its fiscal year end. Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation. Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of technical consultancy on solar power system and consultancy on green energy solution. 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. Property, Plant and equipment Property, 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: Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations. Investment under equity method The Company apply the equity method to account for investments it possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when the investor possesses more than 20% In applying the equity method, the Company records the investment at cost and subsequently increase or decrease the carrying amount of the investment by proportionate share of the net earnings or losses and other comprehensive income of the investee. The Company records dividends or other equity distributions as reductions in the carrying value of the investment. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) Income taxes Income taxes are 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% Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended April 30, 2022, the Company incurred a net loss of $ 263,531 and has generated revenue of $ 19,918 . The Company has accumulated deficit of $ 1,414,328 which raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company and its subsidiaries in Labuan and Hong Kong maintain its books and record in United States Dollars (“US$”) which is their functional currency. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of and for the Nine Months 2022 2021 Period-end MYR : US$1 exchange rate 4.35 4.09 Period-average MYR : US$1 exchange rate 4.22 4.12 Period-end HKD$ : US$1 exchange rate 7.85 7.77 Period-average HKD$ : US$1 exchange rate 7.82 7.76 Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) Fair value of financial instruments: The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3: Leases Prior to August 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases Leases, Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

COMMON STOCK

COMMON STOCK	9 Months Ended
	Apr. 30, 2022
Equity [Abstract]
COMMON STOCK	3. COMMON STOCK On November 5, 2018, the Company issued 100,000 0.0001 10 On March 25, 2019, the Company issued 119,900,000 0.0001 11,990 Between March 28, 2019 to April 1, 2019, the Company issued 135,000,000 0.0001 13,500 On April 1, 2019, the Company issued 15,000,000 0.0001 1,500 On April 1, 2019, the Company issued 30,000,000 0.0001 3,000 Between April 9, 2019 to April 16, 2019, the Company issued 25,100,000 0.03 753,000 Between April 25, 2019 to May 10, 2019, the Company sold shares to 19 foreign individuals, whom all reside in Malaysia. A total of 2,000,000 0.10 200,000 Between May 11, 2019 to June 18, 2019, the Company sold shares to 23 foreign parties whom resides in Malaysia. A total of 2,067,500 0.20 413,500 Between May 20, 2019 to July 25,2019, the Company sold shares to 15 foreign parties, all of which do not reside in the United States. A total of 2,750,000 0.40 1,100,000 On July 9, 2021, the company has issued 782,000 1 782,000 As of April 30, 2022, the Company has an issued and outstanding common share of 332,699,500

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Apr. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	4. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of April 30, 2022 and July 31, 2021 and are summarized below: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT As of As of Leasehold improvement $ 114,263 $ 114,263 Accumulated depreciation (114,263 ) $ (114,263 ) Total $ - $ - These leasehold improvement include, but are not strictly limited to, preparing the interior of the office space for the Company’s use, improving functionality, and purchasing new office equipment. The leasehold improvement have completed on September 2019. Depreciation expense for the nine months period ended April 30, 2022 and April 30, 2021 was $ 0 36,649 . PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2021 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

PREPAYMENTS AND DEPOSITS

PREPAYMENTS AND DEPOSITS	9 Months Ended
	Apr. 30, 2022
Prepayments And Deposits
PREPAYMENTS AND DEPOSITS	5. PREPAYMENTS AND DEPOSITS Prepayments and deposits consisted of the following at April 30, 2022 and July 31, 2021: SCEHEDULE OF PREPAYMENT AND DEPOSITS As of As of Subscription receivable $ - $ 232,040 Deposits 3,277 3,277 Prepayment 3,842 9,031 Total prepayments and deposits $ 7,119 $ 244,348

TRADE PAYABLE

TRADE PAYABLE	9 Months Ended
	Apr. 30, 2022
Trade Payable
TRADE PAYABLE	6. TRADE PAYABLE Prepayments and deposits consisted of the following at April 30, 2022 and July 31, 2021: SCHEDULE OF TRADE PAYABLE As of As of Trade payable $ - $ 38,738 Total trade payable $ - $ 38,738

EQUITY METHOD INVESTMENT

EQUITY METHOD INVESTMENT	9 Months Ended
	Apr. 30, 2022
Investments, All Other Investments [Abstract]
EQUITY METHOD INVESTMENT	7. EQUITY METHOD INVESTMENT SCHEDULE OF EQUITY METHOD INVESTMENT As of April 30, 2022 (unaudited) As of July 31, 2021 (audited) Investment, at cost $ 232,040 $ - Less: Equity method loss (335 ) - Equity method investments $ 231,705 $ - The Company holds investment in business that is accounted for pursuant to the equity method due to the Company’s ability to exert significant influence over decisions relating to its operating and financial affairs. Revenue and expenses of this investment are not consolidated into the Company’s financial statements; rather, the proportionate share of the earnings/losses is reflected as equity method earnings/losses in statements of operations and comprehensive income/loss. As of April 30, 2022, the Company holds 33.9 During the nine months period ended April 30, 2022 and 2021, the Company accounted $ 335 0

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	9 Months Ended
	Apr. 30, 2022
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	8. OTHER PAYABLES AND ACCRUED LIABILITIES Other payables and accrued liabilities consisted of the following at April 30, 2022 and July 31, 2021: SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES As of April 30, 2022 (unaudited) As of July 31, 2021 (audited) Accrued audit fees $ - $ 12,500 Accrued expenses $ 58,200 $ 16,179 Total other payables and accrued liabilities $ 58,200 $ 28,679

REVENUE

REVENUE	9 Months Ended
	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	9. REVENUE For the period ended April 30, 2022 and 2021, the Company has revenue arise from the following: SCHEDULE OF REVENUE Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Consultancy service provided $ 19,918 $ 28,815 Total revenue $ 19,918 $ 28,815

OTHER INCOME

OTHER INCOME	9 Months Ended
	Apr. 30, 2022
Other Income and Expenses [Abstract]
OTHER INCOME	10. OTHER INCOME For the period ended April 30, 2022 and 2021, the Company has income arise from the following: SCHEDULE OF OTHER INCOME Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Gain from foreign exchange arise from bank remittance transaction: $ $ Local - - Foreign, representing -Labuan 34,191 36,699 -Hong Kong 3,266 618 $ 37,457 $ 37,317 PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

INCOME TAXES

INCOME TAXES	9 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES For the nine months ended April 30, 2022, the local (United States) and foreign components of loss before income taxes were comprised of the following: SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAX Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Tax jurisdictions from: - - Local $ (105,967 ) (58,378 ) Foreign, representing - Labuan (48,617 ) 33,301 - Hong Kong $ (108,947 ) (194,899 ) Loss before income tax $ (263,531 ) (219,976 ) The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Current: - - - Local $ - $ - - Foreign - - Deferred: - - - Local - - - Foreign - - Income tax expense $ - $ - Income taxes are determined in accordance with the provisions of ASC Topic 740, “ Income Taxes The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Hong Kong and Labuan, Malaysia that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of April 30, 2022 the operations in the United States of America incurred $ 565,669 of cumulative net operating losses which can be carried forward indefinitely to offset a maximum of 80% future taxable income. The Company has provided for a full valuation allowance of $ 452,535 against the deferred tax assets 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. Labuan Under the current laws of the Labuan, Phoenix Plus Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3% Hong Kong Phoenix Plus International Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

LEASE RIGHT-OF-USE ASSET AND LE

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES	9 Months Ended
	Apr. 30, 2022
Lease Right-of-use Asset And Lease Liabilities
LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES	12. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES The Company officially adopted ASC 842 for the period on and after August 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a “modified retrospective” transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly. A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows. The recognition of operating lease right and lease liability as follow: SCHEDULE OF INITIAL RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY Gross lease payable $ 42,647 Less: imputed interest (2,202 ) Recognition as of July 1, 2021 $ 40,445 As of April 30, 2022 operating lease right of use asset as follow: SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET Initial recognition as of August 1, 2019 $ 26,772 Additional portion from 1 July 31, 2020 to 30 June 2021 2,719 Add: new lease addition from 1 July 2021 to 30 June 2023 40,445 Accumulated amortization (45,949 ) Foreign exchange translation gain 591 Balance as of April 30, 2022 $ 23,396 As of April 30, 2022, operating lease liability as follow: SCHEDULE OF OPERATING LEASE LIABILITY Initial recognition as of August 1, 2019 $ 26,772 Add: additional portion (increase of leasing fee) 2,719 Add: new lease addition from 1 July 2021 to 30 June 2023 40,445 Less: gross repayment (47,408 ) Add: imputed interest 348 Foreign exchange translation gain 520 Balance as of April 30, 2022 $ 23,396 Less: lease liability current portion (19,960 ) Lease liability non-current portion $ 3,436 For the period ended April 30, 2022, the amortization of the operating lease right of use asset are $4,818. Maturities of operating lease obligation as follow: SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION Year ending April 30, 2022 (12 months) $ 19,960 June 30, 2023 (2 months) 3,436 Total $ 23,396 Other information: SCHEDULE OF OTHER INFORMATION Nine Months ended April 30, 2022 2021 (unaudited) (unaudited) Cash paid for amounts included in the measurement of lease liabilities: - - Operating cash flow from operating lease $ 15,452 $ 13,462 Right-of-use assets obtained in exchange for operating lease liabilities 23,396 2,703 Remaining lease term for operating lease (years) 1.17 0.2 Weighted average discount rate for operating lease 5.6 % 3.3 % Lease expenses were $ 15,975 12,874

SIGNIFICANT EVENT

SIGNIFICANT EVENT	9 Months Ended
	Apr. 30, 2022
Significant Event
SIGNIFICANT EVENT	13. SIGNIFICANT EVENT On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on our financial condition, liquidity, and future results of operations. Management is actively monitoring the impact of the global situation on our financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, we are not able to estimate the effects of the COVID-19 outbreak on our results of operations, financial condition, or liquidity for the period ended April 30, 2022. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	14. SEGMENT INFORMATION ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below: SCHEDULE OF NO INTER-SEGMENT SALES By Geography: United States Malaysia Hong Kong Total For the period ended April 30, 2022 United States Malaysia Hong Kong Total Revenue $ - $ - $ 19,918 $ 19,918 Cost of revenue - - (16,328 ) (16,328 ) Net loss (105,967 ) (48,617 ) (108,947 ) (263,531 ) Total assets $ 231,705 $ 1,576,492 $ 137,571 $ 1,945,768 United States Malaysia Hong Kong Total For the period ended April 30, 2021 United States Malaysia Hong Kong Total Revenue $ - $ - $ 28,815 $ 28,815 Cost of revenue - - (43,131 ) (43,131 ) Net (loss)/income (58,378 ) 33,301 (194,899 ) (219,976 ) Total assets $ 232,040 $ 1,784,706 $ 169,433 $ 2,186,179 PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	9 Months Ended
	Apr. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	15. CONCENTRATIONS OF RISK SCHEDULE OF CONCENTRATION OF RISK (a) Major customers For the three months ended April 30, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenue and its trade receivable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Revenue Percentage of Trade Customer A $ - $ 8,531 - % 58 % $ - $ 9,885 Customer B - 6,091 - 42 % - - $ - $ 14,622 - % 100 % $ - $ 9,885 For the nine months ended April 30, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenue and its trade receivable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Revenue Percentage of Trade Customer A $ - $ 22,724 - % 79 % $ - $ 9,885 Customer B 19,918 6,091 100 % 21 % - - $ 19,918 $ 28,815 100 % 100 % $ - $ 9,885 (b) Major vendors For the three months ended April 30, 2022 and 2021, the vendors who accounted for 10% or more of the Company’s cost of revenue and its trade payable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Cost of revenue Percentage of Trade payable Vendor A $ - $ 12,946 - % 100 % $ - $ - $ - $ 12,946 - % 100 % $ - $ - For the nine months ended April 30, 2022 and 2021, the vendors who accounted for 10% or more of the Company’s cost of revenue and its trade payable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Cost of revenue s Percentage of Trade Payable Vendor A $ 16,328 $ 43,131 100 % 100 % $ - $ - $ 16,328 $ 43,131 100 % 100 % $ - $ -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Apr. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through April 30, 2022 the date the Company issued unaudited consolidated financial statements in accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. During this period, there was no subsequent event that required recognition or disclosure. On May 17, 2022, the Company, through its Labuan incorporated subsidiary, Phoenix Plus Corp., subscribed 100

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The consolidated financial statements for Phoenix Plus Corp. and its subsidiaries for the period ended April 30, 2022 is prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Phoenix Plus Corp. and its wholly owned subsidiaries, Phoenix Plus Corp. and Phoenix Plus International Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted July 31 as its fiscal year end.
Basis of consolidation	Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.
Use of estimates	Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Revenue recognition	Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of technical consultancy on solar power system and consultancy on green energy solution.
Cash and cash equivalents	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.
Property, Plant and equipment	Property, Plant and equipment Property, 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: Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations.
Investment under equity method	Investment under equity method The Company apply the equity method to account for investments it possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when the investor possesses more than 20% In applying the equity method, the Company records the investment at cost and subsequently increase or decrease the carrying amount of the investment by proportionate share of the net earnings or losses and other comprehensive income of the investee. The Company records dividends or other equity distributions as reductions in the carrying value of the investment. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Income taxes	Income taxes Income taxes are 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%
Going Concern	Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended April 30, 2022, the Company incurred a net loss of $ 263,531 and has generated revenue of $ 19,918 . The Company has accumulated deficit of $ 1,414,328 which raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Net loss per share	Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.”
Foreign currencies translation	Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company and its subsidiaries in Labuan and Hong Kong maintain its books and record in United States Dollars (“US$”) which is their functional currency. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of and for the Nine Months 2022 2021 Period-end MYR : US$1 exchange rate 4.35 4.09 Period-average MYR : US$1 exchange rate 4.22 4.12 Period-end HKD$ : US$1 exchange rate 7.85 7.77 Period-average HKD$ : US$1 exchange rate 7.82 7.76
Related parties	Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. PHOENIX PLUS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED APRIL 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Fair value of financial instruments:	Fair value of financial instruments: The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3:
Leases	Leases Prior to August 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases Leases,
Recent accounting pronouncements	Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	9 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF DETAILS OF COMPANY’S SUBSIDIARY	Details of the Company’s subsidiary: SCHEDULE OF DETAILS OF COMPANY’S SUBSIDIARY Company name Place and date of incorporation Particulars of issued capital Principal activities 1. Phoenix Plus Corp. Labuan / January 4, 2019 100 shares of ordinary share of US$1 each Investment holding 2. Phoenix Plus International Limited Hong Kong / March 19, 2019 1 ordinary share of HKD$1 Providing technical consultancy on solar power system and consultancy on green energy solution

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF FOREIGN CURRENCY TRANSLATION	Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of and for the Nine Months 2022 2021 Period-end MYR : US$1 exchange rate 4.35 4.09 Period-average MYR : US$1 exchange rate 4.22 4.12 Period-end HKD$ : US$1 exchange rate 7.85 7.77 Period-average HKD$ : US$1 exchange rate 7.82 7.76

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Apr. 30, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	Property, plant and equipment as of April 30, 2022 and July 31, 2021 and are summarized below: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT As of As of Leasehold improvement $ 114,263 $ 114,263 Accumulated depreciation (114,263 ) $ (114,263 ) Total $ - $ -

PREPAYMENTS AND DEPOSITS (Table

PREPAYMENTS AND DEPOSITS (Tables)	9 Months Ended
	Apr. 30, 2022
Prepayments And Deposits
SCEHEDULE OF PREPAYMENT AND DEPOSITS	Prepayments and deposits consisted of the following at April 30, 2022 and July 31, 2021: SCEHEDULE OF PREPAYMENT AND DEPOSITS As of As of Subscription receivable $ - $ 232,040 Deposits 3,277 3,277 Prepayment 3,842 9,031 Total prepayments and deposits $ 7,119 $ 244,348

TRADE PAYABLE (Tables)

TRADE PAYABLE (Tables)	9 Months Ended
	Apr. 30, 2022
Trade Payable
SCHEDULE OF TRADE PAYABLE	Prepayments and deposits consisted of the following at April 30, 2022 and July 31, 2021: SCHEDULE OF TRADE PAYABLE As of As of Trade payable $ - $ 38,738 Total trade payable $ - $ 38,738

EQUITY METHOD INVESTMENT (Table

EQUITY METHOD INVESTMENT (Tables)	9 Months Ended
	Apr. 30, 2022
Investments, All Other Investments [Abstract]
SCHEDULE OF EQUITY METHOD INVESTMENT	SCHEDULE OF EQUITY METHOD INVESTMENT As of April 30, 2022 (unaudited) As of July 31, 2021 (audited) Investment, at cost $ 232,040 $ - Less: Equity method loss (335 ) - Equity method investments $ 231,705 $ -

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Apr. 30, 2022
Payables and Accruals [Abstract]
SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES	Other payables and accrued liabilities consisted of the following at April 30, 2022 and July 31, 2021: SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES As of April 30, 2022 (unaudited) As of July 31, 2021 (audited) Accrued audit fees $ - $ 12,500 Accrued expenses $ 58,200 $ 16,179 Total other payables and accrued liabilities $ 58,200 $ 28,679

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF REVENUE	For the period ended April 30, 2022 and 2021, the Company has revenue arise from the following: SCHEDULE OF REVENUE Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Consultancy service provided $ 19,918 $ 28,815 Total revenue $ 19,918 $ 28,815

OTHER INCOME (Tables)

OTHER INCOME (Tables)	9 Months Ended
	Apr. 30, 2022
Other Income and Expenses [Abstract]
SCHEDULE OF OTHER INCOME	For the period ended April 30, 2022 and 2021, the Company has income arise from the following: SCHEDULE OF OTHER INCOME Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Gain from foreign exchange arise from bank remittance transaction: $ $ Local - - Foreign, representing -Labuan 34,191 36,699 -Hong Kong 3,266 618 $ 37,457 $ 37,317

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAX	For the nine months ended April 30, 2022, the local (United States) and foreign components of loss before income taxes were comprised of the following: SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAX Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Tax jurisdictions from: - - Local $ (105,967 ) (58,378 ) Foreign, representing - Labuan (48,617 ) 33,301 - Hong Kong $ (108,947 ) (194,899 ) Loss before income tax $ (263,531 ) (219,976 )
SCHEDULE OF PROVISION FOR INCOME TAX	The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX Nine months ended April 30, 2022 (unaudited) Nine months ended April 30, 2021 (unaudited) Current: - - - Local $ - $ - - Foreign - - Deferred: - - - Local - - - Foreign - - Income tax expense $ - $ -

LEASE RIGHT-OF-USE ASSET AND _2

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Tables)	9 Months Ended
	Apr. 30, 2022
Lease Right-of-use Asset And Lease Liabilities
SCHEDULE OF INITIAL RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY	The recognition of operating lease right and lease liability as follow: SCHEDULE OF INITIAL RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY Gross lease payable $ 42,647 Less: imputed interest (2,202 ) Recognition as of July 1, 2021 $ 40,445
SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET	As of April 30, 2022 operating lease right of use asset as follow: SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET Initial recognition as of August 1, 2019 $ 26,772 Additional portion from 1 July 31, 2020 to 30 June 2021 2,719 Add: new lease addition from 1 July 2021 to 30 June 2023 40,445 Accumulated amortization (45,949 ) Foreign exchange translation gain 591 Balance as of April 30, 2022 $ 23,396
SCHEDULE OF OPERATING LEASE LIABILITY	As of April 30, 2022, operating lease liability as follow: SCHEDULE OF OPERATING LEASE LIABILITY Initial recognition as of August 1, 2019 $ 26,772 Add: additional portion (increase of leasing fee) 2,719 Add: new lease addition from 1 July 2021 to 30 June 2023 40,445 Less: gross repayment (47,408 ) Add: imputed interest 348 Foreign exchange translation gain 520 Balance as of April 30, 2022 $ 23,396 Less: lease liability current portion (19,960 ) Lease liability non-current portion $ 3,436
SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION	Maturities of operating lease obligation as follow: SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION Year ending April 30, 2022 (12 months) $ 19,960 June 30, 2023 (2 months) 3,436 Total $ 23,396
SCHEDULE OF OTHER INFORMATION	Other information: SCHEDULE OF OTHER INFORMATION Nine Months ended April 30, 2022 2021 (unaudited) (unaudited) Cash paid for amounts included in the measurement of lease liabilities: - - Operating cash flow from operating lease $ 15,452 $ 13,462 Right-of-use assets obtained in exchange for operating lease liabilities 23,396 2,703 Remaining lease term for operating lease (years) 1.17 0.2 Weighted average discount rate for operating lease 5.6 % 3.3 %

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
SCHEDULE OF NO INTER-SEGMENT SALES	The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below: SCHEDULE OF NO INTER-SEGMENT SALES By Geography: United States Malaysia Hong Kong Total For the period ended April 30, 2022 United States Malaysia Hong Kong Total Revenue $ - $ - $ 19,918 $ 19,918 Cost of revenue - - (16,328 ) (16,328 ) Net loss (105,967 ) (48,617 ) (108,947 ) (263,531 ) Total assets $ 231,705 $ 1,576,492 $ 137,571 $ 1,945,768 United States Malaysia Hong Kong Total For the period ended April 30, 2021 United States Malaysia Hong Kong Total Revenue $ - $ - $ 28,815 $ 28,815 Cost of revenue - - (43,131 ) (43,131 ) Net (loss)/income (58,378 ) 33,301 (194,899 ) (219,976 ) Total assets $ 232,040 $ 1,784,706 $ 169,433 $ 2,186,179

CONCENTRATIONS OF RISK (Tables)

CONCENTRATIONS OF RISK (Tables)	9 Months Ended
	Apr. 30, 2022
Risks and Uncertainties [Abstract]
SCHEDULE OF CONCENTRATION OF RISK	SCHEDULE OF CONCENTRATION OF RISK (a) Major customers For the three months ended April 30, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenue and its trade receivable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Revenue Percentage of Trade Customer A $ - $ 8,531 - % 58 % $ - $ 9,885 Customer B - 6,091 - 42 % - - $ - $ 14,622 - % 100 % $ - $ 9,885 For the nine months ended April 30, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenue and its trade receivable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Revenue Percentage of Trade Customer A $ - $ 22,724 - % 79 % $ - $ 9,885 Customer B 19,918 6,091 100 % 21 % - - $ 19,918 $ 28,815 100 % 100 % $ - $ 9,885 (b) Major vendors For the three months ended April 30, 2022 and 2021, the vendors who accounted for 10% or more of the Company’s cost of revenue and its trade payable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Cost of revenue Percentage of Trade payable Vendor A $ - $ 12,946 - % 100 % $ - $ - $ - $ 12,946 - % 100 % $ - $ - For the nine months ended April 30, 2022 and 2021, the vendors who accounted for 10% or more of the Company’s cost of revenue and its trade payable balance at period-end are presented as follows: 2022 2021 2022 2021 2022 2021 Cost of revenue s Percentage of Trade Payable Vendor A $ 16,328 $ 43,131 100 % 100 % $ - $ - $ 16,328 $ 43,131 100 % 100 % $ - $ -

SCHEDULE OF DETAILS OF COMPANY_

SCHEDULE OF DETAILS OF COMPANY’S SUBSIDIARY (Details)	9 Months Ended
	Apr. 30, 2022
Parent Company [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Company name	Phoenix Plus Corp.
Place and date of incorporation	Labuan / January 4, 2019
Particulars of issued capital	100 shares of ordinary share of US$1 each
Principal activities	Investment holding
Phoenix Plus International Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Company name	Phoenix Plus International Limited
Place and date of incorporation	Hong Kong / March 19, 2019
Particulars of issued capital	1 ordinary share of HKD$1
Principal activities	Providing technical consultancy on solar power system and consultancy on green energy solution

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative)	Apr. 30, 2022	Mar. 18, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Ownership percentage	33.90%	100.00%

SCHEDULE OF FOREIGN CURRENCY TR

SCHEDULE OF FOREIGN CURRENCY TRANSLATION (Details)	Apr. 30, 2022	Apr. 30, 2021
Period-End RM : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	4.35	4.09
Period-Average RM : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	4.22	4.12
Period-End HK$: US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.85	7.77
Period-Average HK$: US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.82	7.76

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021	Jul. 31, 2021	Mar. 18, 2019
Impairment Effects on Earnings Per Share [Line Items]
Percentage of equity method	33.90%		33.90%			100.00%
Income Tax Examination, Likelihood of Unfavorable Settlement			greater than 50%
Net Income (Loss) Attributable to Parent	$ 158,104	$ 133,623	$ 263,531	$ 219,976
Revenue from Contract with Customer, Excluding Assessed Tax		$ 14,622	19,918	$ 28,815
Retained Earnings (Accumulated Deficit)	$ 1,414,328		$ 1,414,328		$ 1,150,797
Equity Method Investments [Member]
Impairment Effects on Earnings Per Share [Line Items]
Percentage of equity method	20.00%		20.00%

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	Jul. 09, 2021	Apr. 16, 2019	Apr. 01, 2019	Mar. 25, 2019	Nov. 05, 2018	Jun. 18, 2019	May 10, 2019	Jul. 25, 2019	Apr. 30, 2022	Jul. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common stock, par value									$ 0.0001	$ 0.0001
Share price	$ 1
Number of common shares issued	782,000
Value of common shares issued	$ 782,000
Common stock, shares issued									332,699,500	332,699,500
Common stock, shares outstanding									332,699,500	332,699,500
Restricted Stock [Member] | Junsei Ryu, Lee Chong Chow and Phoenix Plus Holding Sdn Bhd [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued		25,100,000
Common stock, par value		$ 0.03
Value restricted common shares issued		$ 753,000
Restricted Stock [Member] | H&D Holding Sdn Bhd [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued			30,000,000
Common stock, par value			$ 0.0001
Additional working capital			$ 3,000
Mr. Fong Teck Kheong [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued				119,900,000	100,000
Common stock, par value				$ 0.0001	$ 0.0001
Initial working capital					$ 10
Additional working capital				$ 11,990
5 Parties [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued			135,000,000
Common stock, par value			$ 0.0001
Additional working capital			$ 13,500
AGAPE ATP Corporation [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued			15,000,000
Common stock, par value			$ 0.0001
Additional working capital			$ 1,500
19 Foreign Individuals [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued							2,000,000
Value restricted common shares issued							$ 200,000
Share price							$ 0.10
23 Foreign Parties [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued						2,067,500
Value restricted common shares issued						$ 413,500
Share price						$ 0.20
15 Foreign Parties [Member] | Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted common shares issued								2,750,000
Value restricted common shares issued								$ 1,100,000
Share price								$ 0.40

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2022	Jul. 31, 2021
Property, Plant and Equipment [Abstract]
Leasehold improvement	$ 114,263	$ 114,263
Accumulated depreciation	(114,263)	(114,263)
Total

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation		$ 36,649

SCEHEDULE OF PREPAYMENT AND DEP

SCEHEDULE OF PREPAYMENT AND DEPOSITS (Details) - USD ($)	Apr. 30, 2022	Jul. 31, 2021
Prepayments And Deposits
Subscription receivable		$ 232,040
Deposits	3,277	3,277
Prepayment	3,842	9,031
Total prepayments and deposits	$ 7,119	$ 244,348

SCHEDULE OF TRADE PAYABLE (Deta

SCHEDULE OF TRADE PAYABLE (Details) - USD ($)	Apr. 30, 2022	Jul. 31, 2021
Trade Payable
Trade payable		$ 38,738
Total trade payable		$ 38,738

SCHEDULE OF EQUITY METHOD INVES

SCHEDULE OF EQUITY METHOD INVESTMENT (Details) - USD ($)	Apr. 30, 2022	Jul. 31, 2021
Investments, All Other Investments [Abstract]
Investment, at cost	$ 232,040
Less: Equity method loss	(335)
Equity method investments	$ 231,705

EQUITY METHOD INVESTMENT (Detai

EQUITY METHOD INVESTMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021	Mar. 18, 2019
Investments, All Other Investments [Abstract]
Percentage of equity method investee company	33.90%		33.90%		100.00%
Gain (Loss) on Investments	$ 131		$ 335

SCHEDULE OF OTHER PAYABLES AND

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Apr. 30, 2022	Jul. 31, 2021
Payables and Accruals [Abstract]
Accrued audit fees		$ 12,500
Accrued expenses	58,200	16,179
Total other payables and accrued liabilities	$ 58,200	$ 28,679

SCHEDULE OF REVENUE (Details)

SCHEDULE OF REVENUE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Disaggregation of Revenue [Line Items]
Total Revenue		$ 14,622	$ 19,918	$ 28,815
Consultancy Service Provided [Member]
Disaggregation of Revenue [Line Items]
Total Revenue			$ 19,918	$ 28,815

SCHEDULE OF OTHER INCOME (Detai

SCHEDULE OF OTHER INCOME (Details) - USD ($)	9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Other income	$ 37,457	$ 37,317
UNITED STATES
Other income
Labuan [Member]
Other income	34,191	36,699
HONG KONG
Other income	$ 3,266	$ 618

SCHEDULE OF LOCAL AND FOREIGN C

SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAX (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Tax jurisdictions from:
Loss before income tax	$ (158,104)	$ (133,623)	$ (263,531)	$ (219,976)
Labuan [Member]
Tax jurisdictions from:
Loss before income tax			(48,617)	33,301
HONG KONG
Tax jurisdictions from:
Loss before income tax			(108,947)	(194,899)
State and Local Jurisdiction [Member]
Tax jurisdictions from:
Loss before income tax			$ (105,967)	$ (58,378)

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAX (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Current
Current, Local
Current, Foreign
Deferred
Deferred, Local
Deferred, Foreign
Income tax expense

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	9 Months Ended
	Apr. 30, 2022USD ($)
Operating Loss Carryforwards	$ 565,669
Future taxable income percent	0.80
Deferred Tax Assets, Valuation Allowance	$ 452,535
Labuan [Member]
Income tax rate	3.00%
HONG KONG
Income tax rate	16.50%

SCHEDULE OF INITIAL RECOGNITION

SCHEDULE OF INITIAL RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY (Details)	Jul. 01, 2021USD ($)
Lease Right-of-use Asset And Lease Liabilities
Gross lease payable	$ 42,647
Less: imputed interest	(2,202)
Recognition as of July 1, 2021	$ 40,445

SCHEDULE OF OPERATING LEASE RIG

SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET (Details)	33 Months Ended
	Apr. 30, 2022USD ($)
Lease Right-of-use Asset And Lease Liabilities
Operating lease liability, beginning balance	$ 26,772
Additional portion from 1 July 31, 2020 to 30 June 2021	2,719
Add: new lease addition from 1 July 2021 to 30 June 2023	40,445
Accumulated amortization	(45,949)
Foreign exchange translation gain	591
Operating lease right of use asset, ending balance	$ 23,396

SCHEDULE OF OPERATING LEASE LIA

SCHEDULE OF OPERATING LEASE LIABILITY (Details) - USD ($)	33 Months Ended
	Apr. 30, 2022	Jul. 31, 2021
Operating lease liability, beginning balance	$ 26,772
Less: lease liability current portion	(19,960)	$ (19,749)
Lease liability non-current portion	3,436	$ 19,099
Operating Lease [Member]
Operating lease liability, beginning balance	26,772
Add: additional portion (increase of leasing fee)	2,719
Add: new lease addition from 1 July 2021 to 30 June 2023	40,445
Less: gross repayment	(47,408)
Add: imputed interest	348
Foreign exchange translation gain	520
Operating lease liability, ending balance	23,396
Less: lease liability current portion	(19,960)
Lease liability non-current portion	$ 3,436

SCHEDULE OF MATURITIES OF OPERA

SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION (Details)	Apr. 30, 2022USD ($)
Lease Right-of-use Asset And Lease Liabilities
April 30, 2022 (12 months)	$ 19,960
June 30, 2023 (2 months)	3,436
Total	$ 23,396

SCHEDULE OF OTHER INFORMATION (

SCHEDULE OF OTHER INFORMATION (Details) - USD ($)	9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$ 15,452	$ 13,462
Right-of-use assets obtained in exchange for operating lease liabilities	$ 23,396	$ 2,703
Remaining lease term for operating lease (years)	1 year 2 months 1 day	2 months 12 days
Weighted average discount rate for operating lease	5.60%	3.30%

LEASE RIGHT-OF-USE ASSET AND _3

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Lease Right-of-use Asset And Lease Liabilities
Lease expenses	$ 15,975	$ 12,874

SCHEDULE OF NO INTER-SEGMENT SA

SCHEDULE OF NO INTER-SEGMENT SALES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE		$ 14,622	$ 19,918	$ 28,815
Cost of revenue		(12,946)	(16,328)	(43,131)
Net (loss)/income	(158,104)	(133,623)	(263,531)	(219,976)
Total assets	1,945,768	2,186,179	1,945,768	2,186,179
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE
Cost of revenue
Net (loss)/income			(105,967)	(58,378)
Total assets	231,705	232,040	231,705	232,040
MALAYSIA
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE
Cost of revenue
Net (loss)/income			(48,617)	33,301
Total assets	1,576,492	1,784,706	1,576,492	1,784,706
HONG KONG
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE			19,918	28,815
Cost of revenue			(16,328)	(43,131)
Net (loss)/income			(108,947)	(194,899)
Total assets	$ 137,571	$ 169,433	$ 137,571	$ 169,433

SCHEDULE OF CONCENTRATION OF RI

SCHEDULE OF CONCENTRATION OF RISK (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021	Jul. 31, 2021
Concentration Risk [Line Items]
REVENUE		$ 14,622	$ 19,918	$ 28,815
Trade receivable					$ 39,900
Cost of revenue		12,946	16,328	43,131
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
REVENUE		$ 14,622	$ 19,918	$ 28,815
Percentage of revenue		100.00%	100.00%	100.00%
Trade receivable		$ 9,885		$ 9,885
Cost of revenue		12,946	16,328	43,131
Trade payable
Revenue Benchmark [Member] | Customer A [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
REVENUE		$ 8,531		$ 22,724
Percentage of revenue		58.00%		79.00%
Trade receivable		$ 9,885		$ 9,885
Revenue Benchmark [Member] | Customer B [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
REVENUE		$ 6,091	$ 19,918	$ 6,091
Percentage of revenue		42.00%	100.00%	21.00%
Trade receivable
Revenue Benchmark [Member] | Vendor A [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenue		100.00%	100.00%	100.00%
Cost of revenue		$ 12,946	$ 16,328	$ 43,131
Trade payable

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	May 17, 2022	Apr. 30, 2022	Mar. 18, 2019
Subsequent Event [Line Items]
Percentage of equity method		33.90%	100.00%
Subsequent Event [Member] | Phoenix Green Energy Sdn Bhd [Member]
Subsequent Event [Line Items]
Percentage of equity method	100.00%