Fovea Jewelry (FJHL) 10-Q 12 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Nov. 12, 2020
Cover [Abstract]
Entity Registrant Name	Fovea Jewelry Holdings Ltd.
Entity Central Index Key	0000850971
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding		10,161,039
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current asset:
Accounts receivable	$ 543,639	$ 0
Cash and cash equivalents	46,755	31,380
Total current assets	590,394	31,380
Non-current asset:
Plant and equipment	30,322	35,957
TOTAL ASSETS	620,716	67,337
Current liabilities:
Accounts payable	271,812	0
Accrued liabilities and other payables	19,935	30,643
Income tax payable	25,399	235
Deferred tax liabilities	2,502	5,933
Amount due to a director	2,062	0
Total current liabilities	321,710	36,811
TOTAL LIABILITIES	321,710	36,811
Commitments and contingencies	0	0
Preferred stock value	0	0
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 10,161,039 and 10,161,039 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	10,161	10,161
Accumulated other comprehensive (loss) income	(15,656)	369
Retained earnings	303,501	18,996
Stockholders' equity	299,006	30,526
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	620,716	67,337
Preferred Stock Series A [Member]
Current liabilities:
Preferred stock value	$ 1,000	$ 1,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
STOCKHOLDERS' EQUITY
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	10,161,039	10,161,039
Common stock, shares outstanding	10,161,039	10,161,039
Preferred Stock Series A [Member]
STOCKHOLDERS' EQUITY
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)
Revenue, net	$ 542,900	$ 25,919	$ 942,965	$ 109,208
Cost of revenue	(271,443)	(10,209)	(604,566)	(54,912)
Gross profit	271,457	15,710	338,399	54,296
Operating expenses:
General and administrative expenses	(8,630)	(5,989)	(32,220)	(8,667)
Total operating expenses	(8,630)	(5,989)	(32,220)	(8,667)
INCOME BEFORE INCOME TAXES	262,827	9,721	306,179	45,629
Income tax expenses	(22,312)	(6,204)	(21,674)	(6,204)
NET INCOME	240,515	3,517	284,505	39,425
Other comprehensive income (loss):
- Foreign currency adjustment gain (loss)	326	(161)	(16,025)	(20)
COMPREHENSIVE INCOME	$ 240,841	$ 3,356	$ 268,480	$ 39,405
Net income per share - Basic and Diluted	$ 0.02	$ 0	$ 0.03	$ 0
Weighted average common shares outstanding
- Basic and Diluted	10,161,039	10,161,039	10,161,039	10,161,039

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Series A Preferred Stock	Common Stock	Accumulated other comprehensive income (loss)	(Accumulated Losses) Retained Earnings
Balance, shares at Dec. 31, 2018		1,000,000	10,161,039
Balance, amount at Dec. 31, 2018	$ (7,543)	$ 1,000	$ 10,161	$ 0	$ (18,704)
Foreign currency translation adjustment	0	0	0	0	0
Net income for the period	0	$ 0	$ 0	0	0
Balance, shares at Mar. 31, 2019		1,000,000	10,161,039
Balance, amount at Mar. 31, 2019	(7,543)	$ 1,000	$ 10,161	0	(18,704)
Balance, shares at Dec. 31, 2018		1,000,000	10,161,039
Balance, amount at Dec. 31, 2018	(7,543)	$ 1,000	$ 10,161	0	(18,704)
Net income for the period	39,425
Balance, shares at Sep. 30, 2019		1,000,000	10,161,039
Balance, amount at Sep. 30, 2019	31,862	$ 1,000	$ 10,161	(20)	20,721
Balance, shares at Mar. 31, 2019		1,000,000	10,161,039
Balance, amount at Mar. 31, 2019	(7,543)	$ 1,000	$ 10,161	0	(18,704)
Foreign currency translation adjustment	141	0	0	141	0
Net income for the period	35,908	$ 0	$ 0	0	35,908
Balance, shares at Jun. 30, 2019		1,000,000	10,161,039
Balance, amount at Jun. 30, 2019	28,506	$ 1,000	$ 10,161	141	17,204
Foreign currency translation adjustment	(161)	0	0	(161)	0
Net income for the period	3,517	$ 0	$ 0	0	3,517
Balance, shares at Sep. 30, 2019		1,000,000	10,161,039
Balance, amount at Sep. 30, 2019	31,862	$ 1,000	$ 10,161	(20)	20,721
Balance, shares at Dec. 31, 2019		1,000,000	10,161,039
Balance, amount at Dec. 31, 2019	30,526	$ 1,000	$ 10,161	369	18,996
Foreign currency translation adjustment	(17,977)	0	0	(17,977)	0
Net income for the period	13,510	$ 0	$ 0	0	13,510
Balance, shares at Mar. 31, 2020		1,000,000	10,161,039
Balance, amount at Mar. 31, 2020	26,059	$ 1,000	$ 10,161	(17,608)	32,506
Balance, shares at Dec. 31, 2019		1,000,000	10,161,039
Balance, amount at Dec. 31, 2019	30,526	$ 1,000	$ 10,161	369	18,996
Net income for the period	284,505
Balance, shares at Sep. 30, 2020		1,000,000	10,161,039
Balance, amount at Sep. 30, 2020	299,006	$ 1,000	$ 10,161	(15,656)	303,501
Balance, shares at Mar. 31, 2020		1,000,000	10,161,039
Balance, amount at Mar. 31, 2020	26,059	$ 1,000	$ 10,161	(17,608)	32,506
Foreign currency translation adjustment	1,626	0	0	1,626	0
Net income for the period	30,480	$ 0	$ 0	0	30,480
Balance, shares at Jun. 30, 2020		1,000,000	10,161,039
Balance, amount at Jun. 30, 2020	58,165	$ 1,000	$ 10,161	(15,982)	62,986
Foreign currency translation adjustment	326	0	0	326	0
Net income for the period	240,515	$ 0	$ 0	0	240,515
Balance, shares at Sep. 30, 2020		1,000,000	10,161,039
Balance, amount at Sep. 30, 2020	$ 299,006	$ 1,000	$ 10,161	$ (15,656)	$ 303,501

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flow from operating activities:
Net income	$ 284,505	$ 39,425
Adjustments to reconcile net income to net cash generated from operating activities:
Depreciation of plant and equipment	5,798	637
Change in operating assets and liabilities:
Accounts receivable	(543,639)	0
Deferred tax liabilities	(3,431)	6,204
Tax payable	25,164	0
Accounts payable	271,812	0
Accrued liabilities and other payables	(10,708)	0
Net cash provided by operating activities	29,501	46,266
Cash flow from investing activities:
Purchase of property, plant and equipment	0	38,220
Net cash used in investing activities	0	(38,220)
Cash flow from financing activities:
Amount due to a director	2,062	0
Net cash provided by financing activities	2,062	0
Foreign currency translation adjustment	(16,188)	(23)
Net change in cash and cash equivalents	15,375	8,023
BEGINNING OF PERIOD	31,380	100
END OF PERIOD	46,755	8,123
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2020
DESCRIPTION OF BUSINESS AND ORGANIZATION
NOTE 1 - DESCRIPTION OF BUSINESS AND ORGANIZATION	Fovea Jewelry Holdings, Ltd (the “Company” or “FJHL”) was originally founded on February 1, 2006 as Dycam, Inc. In March 2006, the Company changed its name to Mekju Processing, Inc. In November 2006, the Company changed its name to Auxium Technologies, Inc. In November 2014, the Company changed its name to Pure Hospitality Solutions, Inc. On November 2, 2015, the Company changed its name to Wincash Resources, Inc. In early 2018, the Board of Directors of the Company deemed it in the best interests of the Company and its shareholders to switch directions and become involved in the business of the collection and ultimately the sale of diamond jewelry. Effective September 26, 2018, the Company changed its name from Wincash Resources, Inc. to Fovea Jewelry Holdings, Ltd. The Financial Industry Regulatory Authority and the OTC Markets Group, Inc. recognized the name change on February 3, 2018. Further, in connection with changing its name, the Company changed its trading symbol to FJHL. As a result of the change in business, the Company redomiciled from Nevada to Wyoming on March 4, 2019. Currently, the Company through its subsidiaries, mainly commenced to operate an online store to sell the quality jewelry at affordable prices on www.fovea-jewellery.com. The goal is to “Deliver A Better Living”. All products selling on the online store are with great quality, natural, socially responsible and niche. This business was commenced its operation in Hong Kong from January 1, 2019. On March 6, 2020, the Company approved by the state government of Wyoming and effectuated a 1 for 10,000 reverse stock split. The number of authorized shares remains unchanged. All share and per share information in this financial statements and footnotes have been retroactively adjusted for all periods presented, unless otherwise indicated, to give effect to the reverse stock split. On March 20, 2020, the Company consummated the Share Exchange Transaction among Gold Shiny International Limited (“GSIL”) and its shareholders. The Company acquired all of the issued and outstanding shares of GSIL from GSIL’s shareholders, in exchange for 10,000,000 shares of the issued and outstanding common stock. Upon completion of the Share Exchange Transaction, GSIL became a 100% owed subsidiary of the Company. Prior to the acquisition, the Company was considered as a shell company due to its nominal assets and limited operation. Upon the acquisition, GSIL will comprise the ongoing operations of the combined entity, GSIL is deemed to be the accounting acquirer for accounting purposes. The transaction will be treated as a recapitalization of the Company. Accordingly, the consolidated assets, liabilities and results of operations of the Company will become the historical financial statements of GSIL, and the Company’s assets, liabilities and results of operations will be consolidated with GSIL beginning on the acquisition date. GSIL was the legal acquiree but deemed to be the accounting acquirer. The Company was the legal acquirer but deemed to be the accounting acquiree in the reverse merger. The historical financial statements prior to the acquisition are those of the accounting acquirer (GSIL). Historical stockholders’ equity of the accounting acquirer prior to the merger are retroactively restated (a recapitalization) for the equivalent number of shares received in the merger. Operations prior to the merger are those of the acquirer. After completion of the share exchange transaction, the Company’s consolidated financial statements include the assets and liabilities, the operations and cash flow of the accounting acquirer. Description of subsidiar ies Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of registered/ paid up share capital Effective interest held Fovea International Holdings Limited British Virgin Islands Investment holding 100 ordinary shares at par value of US$1 100% Fovea Jewellery Holdings Limited Hong Kong Sales and marketing in Hong Kong 1 ordinary share for HK$1 100% Gold Shiny International Limited British Virgin Islands Investment holding 115 ordinary shares at par value of US$1 100% Gold Shiny (Asia) Limited Hong Kong Sales and marketing in Hong Kong 1 ordinary share for HK$1 100% The Company and its subsidiaries are hereinafter referred to as (the “Company”).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes. · Basis of presentation These accompanying condensed consolidated financial statements have been prepared in U.S. Dollars in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the interim period ended September 30, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis, and the financial statements and notes thereto included in the Company’s Form 10/A for the fiscal year ended December 31, 2019, filed with the SEC on May 1, 2020. · Use of estimates and assumptions In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. · Basis of consolidation The condensed consolidated financial statements include the accounts of FJHL 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. · Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer’s financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectibility. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of September 30, 2020, there was no allowance for doubtful accounts. · 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 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. Depreciation expense for the three months ended September 30, 2020 and 2019 were $1,932 and $637, respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 were $5,798 and $637, respectively. · Revenue recognition The Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) using the full retrospective transition method. The Company’s adoption of ASU 2014-09 did not have a material impact on the amount and timing of revenue recognized in its condensed consolidated financial statements. Under ASU 2014-09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. 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. The Company records the revenue from the sale of jewelry and healthcare supplement products during the period. · Cost of revenue Cost of revenue consists primarily of the cost of goods sold, which are directly attributable to the sales of products. · Income taxes The Company adopted the ASC 740 Income tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. · Uncertain tax positions The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three and nine months ended September 30, 2020 and 2019. · 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 condensed consolidated statement of operations. The reporting currency of the Company is United States Dollar (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintain its books and record in its local currency, Hong Kong Dollars (“HKD”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HKD into US$ has been made at the following exchange rates for the period ended September 30, 2020 and 2019: September 30, 2020 September 30, 2019 Period-end HKD:US$ exchange rate 0.12903 0.12740 Period average HKD:US$ exchange rate 0.12885 0.12746 · Comprehensive income ASC Topic 220, “ Comprehensive Income · Segment reporting ASC Topic 280, “ Segment Reporting · Related parties The Company follows the ASC 850-10, Related Party Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The condensed consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. · 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 condensed consolidated 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 Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, approximate their fair values because of the short maturity of these instruments. · Recent accounting pronouncements In January 2017, the Financial Accounting Standard Board (“FASB”) issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract 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.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	9 Months Ended
	Sep. 30, 2020
STOCKHOLDERS EQUITY
NOTE 3 - STOCKHOLDERS' EQUITY	Authorized shares As of September 30, 2020 and December 31, 2019, the Company’s authorized shares were 5,000,000 shares of preferred stock, with a par value of $0.001. As of September 30, 2020 and December 31, 2019, the Company’s authorized shares were 2,000,000,000 and 499,000,000 shares of common stock, with a par value of $0.001, respectively. Issued and outstanding shares As of September 30, 2020 and December 31, 2019, the Company had 1,000,000 shares of Series A preferred stock issued and outstanding. On March 6, 2020, the Company approved by the state government of Wyoming and effectuated a 1 for 10,000 reverse stock split. The number of authorized shares remains unchanged. All share and per share information in this financial statements and footnotes have been retroactively adjusted for all periods presented, unless otherwise indicated, to give effect to the reverse stock split. On March 20, 2020, the Company consummated the Share Exchange Transaction among Gold Shiny International Limited (“GSIL”) and its shareholders and issued 10,000,000 shares of common stock in exchange for 100% equity interest of GSIL. Upon completion of the Share Exchange Transaction, GSIL became a 100% owned subsidiary of the Company. As of September 30, 2020 and December 31, 2019, the Company had 10,161,039 and 10,161,039 shares of common stock issued and outstanding, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
NOTE 4 - INCOME TAXES	The provision for income taxes consisted of the following: Nine months ended September 30, 2020 2019 Current tax $ 25,129 $ - Deferred tax (3,455 ) 6,204 Income tax expense $ 21,674 $ 6,204 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 rate. The Company mainly operates in Hong Kong that is subject to taxes in the jurisdictions in which they operate, as follows: United States of America FJHL is registered in the State of Wyoming and is subject to the tax laws of United States of America. For the nine months ended September 30, 2020 and 2019, there was no operation in the United States of America. BVI Under the current BVI law, the Company is not subject to tax on income. Hong Kong The Company’s subsidiary operating in Hong Kong is subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits arising in Hong Kong during the current year, after deducting a tax concession for the tax year. The reconciliation of income tax rate to the effective income tax rate for the nine months ended September 30, 2020 and 2019 is as follows: Nine months ended September 30, 2020 2019 Income before income taxes $ 306,179 $ 45,629 Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate 50,519 7,529 Tax effect of non-deductible items 956 105 Tax effect of tax holiday (26,346 ) (7,634 ) Income tax expense $ 25,129 $ - The following table sets forth the significant components of the deferred tax liabilities of the Company as of September 30, 2020 and December 31, 2019: As of September 30, December 31, 2020 2019 Deferred tax liabilities: Accelerated depreciation $ (3,455 ) $ 5,933

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	Apart from the transactions and balances detailed elsewhere in these accompanying 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
	Sep. 30, 2020
CONCENTRATIONS OF RISK
NOTE 6 - CONCENTRATIONS OF RISK	The Company is exposed to the following concentrations of risk: (a) Major customers For the three and nine months ended September 30, 2020,there was one single customer exceeding 10% of the Company’s revenue. For the three and nine months ended September 30, 2019,there was no single customer exceeding 10% of the Company’s revenue. All of the Company’s customers are located in Hong Kong. (b) Major vendor For the nine months ended September 30, 2020, two venders represented more than 10% of the Company’s operating cost. These vendors accounted for 85% and 15%, respectively, of the Company’s operating cost with no accounts payable at September 30, 2020. For the three months ended September 30, 2020, there was one vender represented more than 10% of the Company’s operating cost. This vendor accounted for 100% of the Company’s operating cost with no accounts payable at September 30, 2020. For the three and nine months ended September 30, 2019, there was one single vendor represented more than 10% of the Company’s operating cost. The Company’s vendor is located in Hong Kong. (c) Economic and political risk The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations. (d) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

COMMITEMENT AND CONTIGENCIES

COMMITEMENT AND CONTIGENCIES	9 Months Ended
	Sep. 30, 2020
COMMITEMENT AND CONTIGENCIES
NOTE 7 - COMMITMENTS AND CONTIGENCIES	As of September 30, 2020, the Company has no material commitments or contingencies.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
SUBSEQUENT EVENTS
NOTE 8 - SUBSEQUENT EVENTS	In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	These accompanying condensed consolidated financial statements have been prepared in U.S. Dollars in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the interim period ended September 30, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis, and the financial statements and notes thereto included in the Company’s Form 10/A for the fiscal year ended December 31, 2019, filed with the SEC on May 1, 2020.
Use of estimates and assumptions	In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Basis of consolidation	The condensed consolidated financial statements include the accounts of FJHL 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.
Accounts receivable	Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer’s financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectibility. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of September 30, 2020, there was no allowance for doubtful accounts.
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 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. Depreciation expense for the three months ended September 30, 2020 and 2019 were $1,932 and $637, respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 were $5,798 and $637, respectively.
Revenue recognition	The Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) using the full retrospective transition method. The Company’s adoption of ASU 2014-09 did not have a material impact on the amount and timing of revenue recognized in its condensed consolidated financial statements. Under ASU 2014-09, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. 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. The Company records the revenue from the sale of jewelry and healthcare supplement products during the period.
Cost of revenue	Cost of revenue consists primarily of the cost of goods sold, which are directly attributable to the sales of products.
Income Taxes	The Company adopted the ASC 740 Income tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary.
Uncertain tax positions	The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three and nine months ended September 30, 2020 and 2019.
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 condensed consolidated statement of operations. The reporting currency of the Company is United States Dollar (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintain its books and record in its local currency, Hong Kong Dollars (“HKD”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HKD into US$ has been made at the following exchange rates for the period ended September 30, 2020 and 2019: September 30, 2020 September 30, 2019 Period-end HKD:US$ exchange rate 0.12903 0.12740 Period average HKD:US$ exchange rate 0.12885 0.12746
Comprehensive income	ASC Topic 220, “ Comprehensive Income
Segment reporting	ASC Topic 280, “ Segment Reporting
Related parties	The Company follows the ASC 850-10, Related Party Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The condensed consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
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 condensed consolidated 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 Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, approximate their fair values because of the short maturity of these instruments.
Recent accounting pronouncements	In January 2017, the Financial Accounting Standard Board (“FASB”) issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract 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 ORGANIZ

DESCRIPTION OF BUSINESS ORGANIZATION (Tables)	9 Months Ended
	Sep. 30, 2020
DESCRIPTION OF BUSINESS AND ORGANIZATION
Summary of descriptions of subsidiaries	Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of registered/ paid up share capital Effective interest held Fovea International Holdings Limited British Virgin Islands Investment holding 100 ordinary shares at par value of US$1 100% Fovea Jewellery Holdings Limited Hong Kong Sales and marketing in Hong Kong 1 ordinary share for HK$1 100% Gold Shiny International Limited British Virgin Islands Investment holding 115 ordinary shares at par value of US$1 100% Gold Shiny (Asia) Limited Hong Kong Sales and marketing in Hong Kong 1 ordinary share for HK$1 100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of plant and equipment	Expected useful lives Computer equipment 5 years
Summary of exchange rates	September 30, 2020 September 30, 2019 Period-end HKD:US$ exchange rate 0.12903 0.12740 Period average HKD:US$ exchange rate 0.12885 0.12746

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
Schedule of provision for income tax	Nine months ended September 30, 2020 2019 Current tax $ 25,129 $ - Deferred tax (3,455 ) 6,204 Income tax expense $ 21,674 $ 6,204
Schedule of income tax rate	Nine months ended September 30, 2020 2019 Income before income taxes $ 306,179 $ 45,629 Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate 50,519 7,529 Tax effect of non-deductible items 956 105 Tax effect of tax holiday (26,346 ) (7,634 ) Income tax expense $ 25,129 $ -
Schedule of Deferred Tax Liabilities	As of September 30, December 31, 2020 2019 Deferred tax liabilities: Accelerated depreciation $ (3,455 ) $ 5,933

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)	9 Months Ended
	Sep. 30, 2020
Fovea International Holdings Limited [Member]
Place of incorporation and kind of legal entity	British Virgin Islands
Principal activities and place of operation	Investment holding
Particulars of registered/ paid up share capital	100 ordinary shares at par value of US$1
Effective interest held	100.00%
Fovea Jewellery Holdings Limited [Member]
Place of incorporation and kind of legal entity	Hong Kong
Principal activities and place of operation	Sales and marketing in Hong Kong
Particulars of registered/ paid up share capital	1 ordinary share for HK$1
Effective interest held	100.00%
Gold Shiny International Limited [Member]
Place of incorporation and kind of legal entity	British Virgin Islands
Principal activities and place of operation	Investment holding
Particulars of registered/ paid up share capital	115 ordinary shares at par value of US$1
Effective interest held	100.00%
Gold Shiny (Asia) Limited [Member]
Place of incorporation and kind of legal entity	Hong Kong
Principal activities and place of operation	Sales and marketing in Hong Kong
Particulars of registered/ paid up share capital	1 ordinary share for HK$1
Effective interest held	100.00%

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative) - shares	1 Months Ended
	Mar. 20, 2020	Mar. 06, 2020	Sep. 30, 2020	Dec. 31, 2019
Reverse stock split description		1 for 10,000
Common stock, shares issued			10,161,039	10,161,039
Common stock shares outstanding			10,161,039	10,161,039
Gold Shiny International Limited [Member]
Common stock, shares issued	10,000,000
Ownership subsidiary	100.00%
Common stock shares outstanding	10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2020
Computer Equipment [Member]
Expected useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Sep. 30, 2020	Sep. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Period-end HKD:US$ exchange rate	0.12903	0.12740
Period average HKD:US$ exchange rate	0.12885	0.12746

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Computer Equipment [Member]
Depreciation expense	$ 1,932	$ 637	$ 5,798	$ 637

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - $ / shares	1 Months Ended
	Mar. 20, 2020	Mar. 06, 2020	Sep. 30, 2020	Dec. 31, 2019
Preferred stock, shares par value			$ 0.001	$ 0.001
Common stock, shares authorized			2,000,000,000	2,000,000,000
Reverse stock split description		1 for 10,000
Common stock, shares par value			$ 0.001	$ 0.001
Common stock, shares outstanding			10,161,039	10,161,039
Common stock, shares issued			10,161,039	10,161,039
Preferred stock, shares authorized			5,000,000	5,000,000
Preferred stock, shares issued			0	0
Preferred stock, shares outstanding			0	0
Gold Shiny International Limited [Member]
Common stock, shares outstanding	10,000,000
Common stock, shares issued	10,000,000
Equity interest	100.00%
Ownership subsidiary	100.00%
Stockholders Equity [Member]
Preferred stock, shares par value			$ 0.001	$ 0.001
Common stock, shares authorized			2,000,000,000	499,000,000
Reverse stock split description		1 for 10,000
Common stock, shares par value			$ 0.001	$ 0.001
Common stock, shares outstanding			10,161,039	10,161,039
Common stock, shares issued			10,161,039	10,161,039
Preferred stock, shares authorized			5,000,000	5,000,000
Preferred Stock Series A [Member]
Preferred stock, shares par value			$ 0.001	$ 0.001
Preferred stock, shares authorized			1,000,000	1,000,000
Preferred stock, shares issued			1,000,000	1,000,000
Preferred stock, shares outstanding			1,000,000	1,000,000

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	Sep. 30, 2020	Sep. 30, 2019
INCOME TAXES
Current tax	$ 25,129	$ 0
Deferred Tax	(3,455)	6,204
Income tax expense	$ 21,674	$ 6,204

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
INCOME TAXES
Income before income taxes	$ 306,179	$ 45,629
Statutory Income Tax Rate	16.50%	16.50%
Income tax expense at statutory rate	$ 50,519	$ 7,529
Tax effect of non-deductible items	956	105
Tax effect of tax holiday	(26,346)	(7,634)
Income tax expenses	$ 25,129	$ 0

INCOME TAX (Details 2)

INCOME TAX (Details 2) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Deferred tax liabilities:
Accelerated depreciation	$ (3,455)	$ 5,933

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - Hong Kong [Member]	9 Months Ended
	Sep. 30, 2019
Minimum [Member]
Profits tax rates	8.25%
Maximum [Member]
Profits tax rates	16.50%

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details Narrative)	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Two Vendors [Member]
Concentration risk	85.00%	15.00%
One Vendors [Member]
Concentration risk	100.00%