Fovea Jewelry (FJHL) 10-K 29 Apr 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Apr. 07, 2022	Jun. 30, 2021
Cover [Abstract]
Entity Registrant Name	FOVEA JEWELRY HOLDINGS LTD.
Entity Central Index Key	0000850971
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		8,099,119
Entity Public Float			$ 10,123,899
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-56156
Entity Incorporation State Country Code	WY
Entity Tax Identification Number	95-4202424
Entity Address Address Line 1	Room 403, 4/F
Entity Address Address Line 2	Phase 1 Austin Tower
Entity Address Address Line 3	22-26A Austin Avenue
Entity Address City Or Town	Tsim Sha Tsui
Entity Address Country	HK
City Area Code	852
Icfr Auditor Attestation Flag	false
Auditor Name	TOTAL ASIA ASSOCIATES PLT
Auditor Location	Kuala Lumpur, Malaysia
Local Phone Number	6847-6812
Entity Interactive Data Current	Yes
Auditor Firm Id	5968
Security 12g Title	Common Stock, $.001 Par Value

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current Asset:
Cash And Cash Equivalents	$ 1,476	$ 832,151
Amount Due From A Shareholder	100,188	0
Inventories	731,038	0
Total Current Assets	832,584	832,151
Non-current Asset:
Plant And Equipment, Net	20,521	28,378
Total Assets	853,105	860,529
Current Liabilities:
Accrued Liabilities	74,500	0
Income Tax Payable	234	236
Deferred Tax Liabilities	3,386	4,682
Total Current Liabilities	78,120	4,918
Total Liabilities	78,120	4,918
Commitments And Contingencies	0	0
Shareholders' Equity
Preferred Stock, $0.001 Par Value; 5,000,000 Shares Authorized	0	0
Series A Preferred Stock, $0.001 Par Value,1,000,000 Shares Designated; 1,000,000 Issued And Outstanding, As Of December 31, 2021 And 2020	1,000	1,000
Common Stock, $0.001 Par Value; 2,000,000,000 Shares Authorized; 8,099,119 And 10,199,119 Shares Issued And Outstanding As Of December 31, 2021 And 2020, Respectively	8,099	10,199
Common Stock To Be Issued	0	90
Additional Paid-in Capital	131,700	129,510
Accumulated Other Comprehensive Loss	(20,678)	(10,591)
Retained Earnings	654,864	725,403
Shareholders' Equity	774,985	855,611
Total Liabilities And Shareholders' Equity	$ 853,105	$ 860,529

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
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	8,099,119	10,199,119
Common Stock, Shares Outstanding	8,099,119	10,199,119
Series A Preferred Stock [Member]
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Designated	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

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
Revenue, Net	$ 598,486	$ 2,017,343
Cost Of Revenue	(435,269)	(1,141,823)
Gross Profit	163,217	875,520
Operating Expenses:
Sale And Marketing	145,100	9,670
General And Administrative Expenses	89,927	160,681
Total Operating Expenses	235,027	170,351
(loss) Income Before Income Taxes	(71,810)	705,169
Income Tax Expense	1,271	1,276
Net (loss) Income	(70,539)	706,445
Other Comprehensive Loss:
- Foreign Currency Adjustment Loss	(10,087)	(10,960)
Comprehensive (loss) Income	$ (80,626)	$ 695,485
Net (loss) Income Per Share- Basic And Diluted	$ (0.01)	$ 0.07
Weighted Average Common Shares Outstanding- Basic And Diluted	9,198,023	10,184,831

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows From Operating Activities:
Net (loss) Income	$ (70,539)	$ 706,445
Adjustments To Reconcile Net (loss) Income To Net Cash (used In) Provided By Operating Activities
Depreciation Of Plant And Equipment	7,704	7,736
Stock-based Compensation For Services	0	129,600
Change In Operating Assets And Liabilities:
Inventories	(731,038)	0
Accrued Liabilities And Other Payables	74,500	(30,643)
Deferred Tax Liabilities	(1,296)	(1,276)
Net Cash (used In) Provided By Operating Activities	(720,669)	811,862
Cash Flows From Financing Activities
Advance To A Shareholder	100,070	0
Net Cash Used In Financing Activities	(100,070)	0
Foreign Currency Translation Adjustment	(9,936)	(11,091)
Net Change In Cash And Cash Equivalents	(830,675)	800,771
Beginning Of Year	832,151	31,380
End Of Year	1,476	832,151
Supplemental Disclosure Of Cash Flow Information:
Cash Paid For Income Taxes	0	0
Cash Paid For Interest	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY - USD ($)	Total	Series A Preferred Stock	Series B, Preferred Stock	Common Stock	Shares to be issued	Additional Paid-In Capital	Accumulated other comprehensive income	Retained Earnings (Accumulated Deficit)
Balance, Shares at Dec. 31, 2019		1,000,000		10,090,974
Balance, Amount at Dec. 31, 2019	$ 30,526	$ 1,000	$ 0	$ 10,091	$ 0	$ 0	$ 369	$ 19,066
Issuance Of Fractional Shares ##, Shares				108,145
Issuance Of Fractional Shares ##, Amount	0	0	0	$ 108	0	0	0	(108)
Issuance Of Shares For Service Rendered	129,600	0	0		90	129,510	0	0
Foreign Currency Translation Adjustment	(10,960)	0		0	0	0	(10,960)	0
Net Income For The Year	706,445	$ 0	0	$ 0	0	0	0	706,445
Net Loss For The Year	706,445
Balance, Shares at Dec. 31, 2020		1,000,000		10,199,119
Balance, Amount at Dec. 31, 2020	855,611	$ 1,000	$ 0	$ 10,199	90	129,510	(10,591)	725,403
Issuance Of Fractional Shares ##, Shares			1
Issuance Of Fractional Shares ##, Amount	0	0	$ 0	0	0	0	0	0
Issuance Of Shares For Service Rendered	0	0	0	900	90	810	0	0
Foreign Currency Translation Adjustment	(10,087)	0	0	$ 0	0	0	(10,087)	0
Shares Issued For Prior Services, Shares				900,000
Cancellation Of Common Stock, Shares				(3,000,000)
Cancellation Of Common Stock, Amount	0	0		$ (3,000)	0	3,000	0	0
Net Loss For The Year	(70,539)	$ 0	0	$ 0	0	0	0	(70,539)
Balance, Shares at Dec. 31, 2021		1,000,001		8,099,119
Balance, Amount at Dec. 31, 2021	$ 774,985	$ 1,000	$ 1	$ 8,099	$ 0	$ 131,700	$ (20,678)	$ 654,864

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	12 Months Ended
	Dec. 31, 2021
DESCRIPTION OF BUSINESS AND ORGANIZATION
1. Description Of Business And Organization	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. 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 in February 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. Since December 1, 2021, the Company extended its retail distribution in China and delivered its precious stone products to a retailer on a consignment basis. 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 years 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% owned 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% 3 Shopper 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	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2. Summary Of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. · Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). · Use of estimates and assumptions In preparing these 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 years reported. Actual results may differ from these estimates. · Basis of consolidation The 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. · Inventories Inventories are stated at the lower of cost or market value (net realizable value), cost being determined on a first-in-first-out method. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. As of December 31, 2021 and 2020, the Company did not record an allowance for obsolete inventories, nor have there been any write-offs. · 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. · Revenue recognition The Company adopted Accounting Standards Codification (“ASC ”) 606 – Revenue from Contracts with Customers Under ASC 606, a performance obligation is a promise within a contract to transfer a distinct good or service, or a series of distinct goods and services, to a customer. Revenue is recognized when performance obligations are satisfied and the customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for goods or services. Under the standard, a contract’s transaction price is allocated to each distinct performance obligation. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: · 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. Majority of the Company's income is derived from contracts with customers in the sale of diamond and jewelry products, and as such, the revenue recognized depicts the transfer of promised goods or services to its customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company considers the terms of the contract and all relevant facts and circumstances when applying this guidance. The Company’s revenue recognition policies are in compliance with ASC 606, as follows: Product sales consist of a single performance obligation that the Company satisfies at a point in time. The Company recognizes product revenue when the following events have occurred: (a) the Company has transferred physical possession of the products, depending upon the method of distribution and shipping terms set forth in the customer contract, (b) the Company has a present right to payment, (c) the customer has legal title to the products, and (d) the customer bears significant risks and rewards of ownership of the products. For these sales, the Company determined that the customer is able to direct the use of and obtain substantially all of the benefits from, the products at the time the products are delivered. · Cost of revenue Cost of revenue consists primarily of the purchase cost of diamond and jewelry products, 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 year ended December 31, 2021 and 2020. · 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 consolidated statement of operations. The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintains 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 years ended December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Year-end HKD:US$ exchange rate 0.12825 0.12899 Annualized average HKD:US$ exchange rate 0.12841 0.12894 · Comprehensive income ASC Topic 220, “ Comprehensive Income · Segment reporting ASC Topic 280, “ Segment Reporting · Retirement plan costs Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying statements of operation as the related employee service are provided. · 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 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 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 From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40), (“ASU 2021-04”). This ASU reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. This ASU provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. It specifically addresses: (1) how an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; (2) how an entity should measure the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; and (3) how an entity should recognize the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. This ASU will be effective for all entities for fiscal years beginning after December 15, 2021. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2021-04 on January 1, 2022 did not have a material impact on the Company’s financial statements or disclosures. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2021
INVENTORIES
3. Inventories	3. INVENTORIES Inventories consisted of the following: As of December 31, 2021 2020 Precious stones held by third party $ 731,038 $ - As of December 31, 2021, these precious stones are held by a third party on a consignment basis in China.

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
PLANT AND EQUIPMENT
4. Plant And Equipment	4. PLANT AND EQUIPMENT Plant and equipment consisted of the following: As of December 31, 2021 2020 Computer equipment, at cost $ 175,979 $ 175,979 Less: accumulated depreciation (155,447 ) (147,743 ) Foreign translation difference (11 ) 142 $ 20,521 $ 28,378 Depreciation expense for the years ended December 31, 2021 and 2020 were $7,704 and $7,736, respectively.

STOCKHOLDERS EQUITY (DEFICIT)

STOCKHOLDERS EQUITY (DEFICIT)	12 Months Ended
	Dec. 31, 2021
STOCKHOLDERS EQUITY (DEFICIT)
5. Stockholders' Equity (deficit)	5. STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock Authorized shares The Company was authorized to issue 5,000,000 shares of Preferred Stock at par value of $0.001. As of December 31, 2021 and 2020, the Company designated and issued 1,000,000 and 1,000,000 shares of Series A preferred stock issued and outstanding. Issued and outstanding shares On February 23, 2021, the Company designated a class of preferred stock titled, Series B Preferred Stock, with a par value of $0.001 per share, and consisting of one share. The Series B preferred carries voting rights equal to 110% of the total voting rights of the outstanding common stock and voting power of the Company, and has the right to appoint one director of the Company. As of December 31, 2021 and 2020, the Company designated and issued 1 and 0 share of Series B preferred stock issued and outstanding. Common Stock Authorized shares The Company was authorized to issue 2,000,000,000 shares of common stock at par value of $0.001. Issued and outstanding shares 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 years 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. On December 30, 2020, the Company issued 900,000 shares of common stock at the current market price of $0.1440 per share under the Plan to compensate certain consultants and service providers in rendering the past services to the Company. On January 22, 2021, the Company completed the issuance of 900,000 shares of its common stock to six individuals of consultants and service providers for their services rendered to the Company. On April 13, 2021, the Company entered into a Stock Purchase Agreement with Liao Zhicheng, the Company’s majority stockholder, pursuant to which the Company sold to Liao Zhicheng one share of Series B Preferred Stock in exchange for 3,000,000 shares of common stock of the Company. The Company anticipates cancelling and returning to its authorized capital stock the 3,000,000 shares of common stock purchased from Liao Zhicheng by May 31, 2021. As of December 31, 2021 and 2020, the Company had 8,099,199 and 10,199,119 shares of common stock issued and outstanding, respectively. Stock Option Plan On December 18, 2020, the Company approved the 2020 Stock Incentive Plan (the “Plan”) and authorized the directors to issue the maximum shares of common stock of 1,000,000 under the Plan. On December 30, 2020, the Company approved to issue 900,000 shares of common stock at the current market price of $0.1440 per share under the Plan to compensate certain consultants and service providers in rendering the past services to the Company. As of December 31, 2020, these shares were treated as common stock to be issued. 900,000 shares of common stock were subsequently issued on January 22, 2022.

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	12 Months Ended
	Dec. 31, 2021
NET (LOSS) INCOME PER SHARE
6. Net (loss) Income Per Share	6. NET (LOSS) INCOME PER SHARE Basic net income per share is computed using the weighted average number of common shares outstanding during the year. The dilutive effect of potential common shares outstanding is included in diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2021 and 2020: Years ended December 31, 2021 2020 Net (loss) income attributable to common shareholders $ (70,539 ) $ 706,445 Weighted average common shares outstanding – Basic and diluted 9,198,023 10,199,119 Net (loss) income per share – Basic and diluted $ (0.01 ) $ 0.07

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2021
INCOME TAX
7. Income Tax	7. INCOME TAX The provision for income taxes consisted of the following: Years ended December 31, 2021 2020 Current tax $ - $ - Deferred tax (1,271 ) (1,276 ) Income tax expense $ (1,271 ) $ (1,276 ) The effective tax rate in the years 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. The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the years presented. For the years ended December 31, 2021 and 2020, 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 years ended December 31, 2021 and 2020 is as follows: Years ended December 31, 2021 2020 Income before income taxes $ (64,106 ) $ 834,769 Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate (10,577 ) 137,736 Tax effect of non-deductible items - 957 Net operating loss 10,577 (136,502 ) Tax concession - (2,191 ) Income tax expense $ - $ 232 The following table sets forth the significant components of the deferred tax liabilities of the Company as of December 31, 2021 and 2020: As of December 31, 2021 2020 Deferred tax liabilities: Accelerated depreciation $ 3,386 $ 4,682

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
RELATED PARTY TRANSACTIONS
8. Related Party Transactions	8. RELATED PARTY TRANSACTIONS From time to time, the director of the Company advanced funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and had no fixed terms of repayment. During the years ended December 31, 2021 and 2020, the Company has been provided free office space by its director. The management determined that such cost is nominal and did not recognize the rent expense in its consolidated financial statements. Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the year presented.

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	12 Months Ended
	Dec. 31, 2021
CONCENTRATIONS OF RISK
9. Concentrations Of Risk	9. CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: (a) Major customers For the year ended December 31, 2021, one customer exceeding 10% of the Company’s revenue. This customer accounted for 100% of the Company’s revenue amounting to $598,486 with $0 accounts receivable at December 31, 2021. For the year ended December 31, 2020, there was one single customer exceeding 10% of the Company’s revenue. This customer accounted for 94% of the Company’s revenue amounting to $1,892,306 with $0 accounts receivable at December 31, 2020. All of the Company’s customers are located in Hong Kong. (b) Major vendor For the years ended December 31, 2021 and 2020, one vender represented more than 10% of the Company’s cost of revenue. This vendor accounted for 100% and 92% of the Company’s cost of revenue amounting to $435,269 and $1,052,857 with $0 of accounts payable at December 31, 2021 and 2020, respectively. The Company’s vendor is located in Hong Kong. (c) Economic and political risk The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations. (d) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

COMMITEMENT AND CONTIGENCIES

COMMITEMENT AND CONTIGENCIES	12 Months Ended
	Dec. 31, 2021
COMMITEMENT AND CONTIGENCIES
10. Commitments And Contigencies	10. COMMITMENTS AND CONTINGENCIES As of December 31, 2021, the Company has no material commitments or contingencies.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS
11. Subsequent Events	11. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation	These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).
Use Of Estimates And Assumptions	In preparing these 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 years reported. Actual results may differ from these estimates.
Basis Of Consolidation	The 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.
Inventories	Inventories are stated at the lower of cost or market value (net realizable value), cost being determined on a first-in-first-out method. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. As of December 31, 2021 and 2020, the Company did not record an allowance for obsolete inventories, nor have there been any write-offs.
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.
Revenue Recognition	The Company adopted Accounting Standards Codification (“ASC ”) 606 – Revenue from Contracts with Customers Under ASC 606, a performance obligation is a promise within a contract to transfer a distinct good or service, or a series of distinct goods and services, to a customer. Revenue is recognized when performance obligations are satisfied and the customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for goods or services. Under the standard, a contract’s transaction price is allocated to each distinct performance obligation. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: · 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. Majority of the Company's income is derived from contracts with customers in the sale of diamond and jewelry products, and as such, the revenue recognized depicts the transfer of promised goods or services to its customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company considers the terms of the contract and all relevant facts and circumstances when applying this guidance. The Company’s revenue recognition policies are in compliance with ASC 606, as follows: Product sales consist of a single performance obligation that the Company satisfies at a point in time. The Company recognizes product revenue when the following events have occurred: (a) the Company has transferred physical possession of the products, depending upon the method of distribution and shipping terms set forth in the customer contract, (b) the Company has a present right to payment, (c) the customer has legal title to the products, and (d) the customer bears significant risks and rewards of ownership of the products. For these sales, the Company determined that the customer is able to direct the use of and obtain substantially all of the benefits from, the products at the time the products are delivered.
Cost Of Revenue	Cost of revenue consists primarily of the purchase cost of diamond and jewelry products, 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 year ended December 31, 2021 and 2020.
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 consolidated statement of operations. The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintains 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 years ended December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Year-end HKD:US$ exchange rate 0.12825 0.12899 Annualized average HKD:US$ exchange rate 0.12841 0.12894
Comprehensive Income	ASC Topic 220, “ Comprehensive Income
Segment Reporting	ASC Topic 280, “ Segment Reporting
Retirement Plan Costs	Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying statements of operation as the related employee service are provided.
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 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 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	From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40), (“ASU 2021-04”). This ASU reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. This ASU provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. It specifically addresses: (1) how an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; (2) how an entity should measure the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange; and (3) how an entity should recognize the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. This ASU will be effective for all entities for fiscal years beginning after December 15, 2021. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2021-04 on January 1, 2022 did not have a material impact on the Company’s financial statements or disclosures. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

DESCRIPTION OF BUSINESS ORGANIZ

DESCRIPTION OF BUSINESS ORGANIZATION (Tables)	12 Months Ended
	Dec. 31, 2021
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% 3 Shopper 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)	12 Months Ended
	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary Of Plant And Equipment	Expected useful lives Computer equipment 5 years
Summary Of Exchange Rates	December 31, 2021 December 31, 2020 Year-end HKD:US$ exchange rate 0.12825 0.12899 Annualized average HKD:US$ exchange rate 0.12841 0.12894

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2021
INVENTORIES (Tables)
Schedule Of Inventories Consisted	As of December 31, 2021 2020 Precious stones held by third party $ 731,038 $ -

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
PLANT AND EQUIPMENT
Schedule Of Plant And Equipment	As of December 31, 2021 2020 Computer equipment, at cost $ 175,979 $ 175,979 Less: accumulated depreciation (155,447 ) (147,743 ) Foreign translation difference (11 ) 142 $ 20,521 $ 28,378

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
NET (LOSS) INCOME PER SHARE
Schedule Of Basic And Diluted Net Loss Per Share	Years ended December 31, 2021 2020 Net (loss) income attributable to common shareholders $ (70,539 ) $ 706,445 Weighted average common shares outstanding – Basic and diluted 9,198,023 10,199,119 Net (loss) income per share – Basic and diluted $ (0.01 ) $ 0.07

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2021
INCOME TAX
Schedule Of Provision For Income Tax	Years ended December 31, 2021 2020 Current tax $ - $ - Deferred tax (1,271 ) (1,276 ) Income tax expense $ (1,271 ) $ (1,276 )
Schedule Of Income Tax Rate	Years ended December 31, 2021 2020 Income before income taxes $ (64,106 ) $ 834,769 Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate (10,577 ) 137,736 Tax effect of non-deductible items - 957 Net operating loss 10,577 (136,502 ) Tax concession - (2,191 ) Income tax expense $ - $ 232
Schedule Of Deferred Tax Liabilities	As of December 31, 2021 2020 Deferred tax liabilities: Accelerated depreciation $ 3,386 $ 4,682

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)	12 Months Ended
	Dec. 31, 2021
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%
3 Shopper 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	Jan. 22, 2022	Dec. 31, 2021	Jan. 22, 2021	Dec. 31, 2020
Reverse Stock Split Description		1 for 10,000
Common Stock, Shares Issued			900,000	8,099,119	900,000	10,199,119
Common Stock Shares Outstanding				8,099,119		10,199,119
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)	12 Months Ended
	Dec. 31, 2021
Computer Equipment [Member]
Expected Useful Lives	5

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Dec. 31, 2021	Sep. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Period-end Hkd:us$ Exchange Rate	0.12825	0.12899
Period Average Hkd:us$ Exchange Rate	0.12841	0.12894

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)integer	Dec. 31, 2020USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Inventory Write- Offs	$ 0	$ 0
Allowance For Obsolete Inventories	$ 0	$ 0
Operating Segment | integer	1

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES (Details)
Precious Stones Held By Third Party	$ 731,038	$ 0

PLANT AND EQUIPMENT (Details)

PLANT AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
PLANT AND EQUIPMENT
Computer Equipment, At Cost	$ 175,979	$ 175,979
Less: Accumulated Depreciation	(155,447)	(147,743)
Foreign Translation Difference	(11)	142
Plant And Equipment, Net	$ 20,521	$ 28,378

PLANT AND EQUIPMENT (Details Na

PLANT AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
PLANT AND EQUIPMENT
Depreciation Expenses	$ 7,704	$ 7,736

STOCKHOLDERS EQUITY (DEFICIT) (

STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) - $ / shares	Mar. 06, 2020	Mar. 20, 2020	Jan. 22, 2022	Dec. 31, 2021	Apr. 13, 2021	Feb. 23, 2021	Jan. 22, 2021	Dec. 31, 2020	Dec. 30, 2020	Dec. 18, 2020
Description Of Reverse Stock Split	effectuated a 1 for 10,000 reverse stock split
Common Stock, Shares Authorized				2,000,000,000				2,000,000,000
Common Stock, Shares Par Value				$ 0.001				$ 0.001
Common Stock Shares Outstanding				8,099,119				10,199,119
Common Stock, Shares Issued			900,000	8,099,119			900,000	10,199,119
Preferred Stock, Shares Authorized				5,000,000				5,000,000
Shares Issued									900,000
Share Price									$ 0.1440
Preferred Stock, Shares Par Value				$ 0.001				$ 0.001
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%
Stock Purchase Agreement [Member]
Common Stock, Shares Authorized					3,000,000
Common Stock Shares Reserved For Future Issuance					3,000,000
Stock Incentive Plan [Member]
Shares Issued									900,000
Share Price									$ 0.1440
Common Stock Shares Reserved For Future Issuance				100,000				100,000
Common Stock Shares To Be Issued										1,000,000
Series A Preferred Stock [Member]
Preferred Stock, Shares Par Value				$ 0.001				$ 0.001
Preferred Stock, Shares Issued				1,000,000				1,000,000
Preferred Stock, Shares Outstanding				1,000,000				1,000,000
Series B Preferred Stock [Member]
Preferred Stock, Shares Par Value				$ 0.001		$ 0.001		$ 0.001
Preferred Stock, Shares Issued				1				0
Preferred Stock, Shares Outstanding				1				0
Stockholders Equity [Member]
Common Stock, Shares Authorized				2,000,000,000				2,000,000,000
Common Stock, Shares Par Value				$ 0.001				$ 0.001
Common Stock Shares Outstanding				8,099,199				10,199,119
Common Stock, Shares Issued				8,099,199				10,199,119
Preferred Stock, Shares Authorized				5,000,000				5,000,000
Preferred Stock, Shares Par Value				$ 0.001				$ 0.001

NET (LOSS) INCOME PER SHARE (De

NET (LOSS) INCOME PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
NET (LOSS) INCOME PER SHARE
Net Loss For The Year	$ (70,539)	$ 706,445
Weighted Average Common Shares Outstanding - Basic And Diluted	9,198,023	10,199,119
Net (loss) Income Per Share - Basic And Diluted	$ (0.01)	$ 0.07

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX
Current Tax	$ 0	$ 0
Deferred Tax	(1,271)	(1,276)
Income Tax (credit) Expense	$ (1,271)	$ (1,276)

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX
Income Before Income Taxes	$ (64,106)	$ 834,769
Statutory Income Tax Rate	16.50%	16.50%
Income Tax Expense At Statutory Rate	$ (10,577)	$ 137,736
Tax Effect Of Non-deductible Items	0	957
Net Operating Losses	10,577	(136,502)
Tax Holiday	0	(2,191)
Income Tax Expenses	$ 0	$ 232

INCOME TAX (Details 2)

INCOME TAX (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Liabilities:
Accelerated Depreciation	$ 3,386	$ 4,682

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statutory Income Tax Rate	35.00%	21.00%
Hong Kong [Member] | Minimum [Member]
Profits Tax Rates	8.25%
Hong Kong [Member] | Maximum [Member]
Profits Tax Rates	16.50%

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue	$ 598,486	$ 2,017,343
One Vendors [Member]
Concentration Risk	10.00%	10.00%
Operating Cost, Percentage	100.00%	92.00%
Accounts Payable	$ 0	$ 0
Operating Cost	435,269	1,052,857
Major Customer [Member]
Account Receivables	0	0
Revenue	$ 598,486	$ 1,892,306
Revenue, Percentage	100.00%	94.00%
Concentration Risk	10.00%	10.00%