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OGAA Organic Agricultural Company Limited

Quarterly report

(EXPRESSED IN US DOLLARS)

		December 31,				March 31,
		2023				2023
		Unaudited
Assets
Current assets:
Cash		$	60,487			$	49,862
Accounts receivable			313,385				14,357
Due from related parties			2,284				324
Prepaid expenses			16,723				756
Inventories			146,324				149,757
Other receivables			25,060				22,533
Total current assets			564,263				237,589
Total assets		$	564,263			$	237,589

Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued expenses		$	15,671			$	61,469
Customer deposits			157,079				151,435
Due to related parties			25,846				726
Other payables			2,599				733
Total current liabilities			201,195				214,363
Total liabilities			201,195				214,363

Shareholders’ equity:
Preferred stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2023 and March 31, 2023			-				-
Common stock; $0.001 par value, 274,000,000 shares authorized; 93,726,994 shares issued and outstanding at December 31, 2023 and March 31, 2023			93,727				93,727
Additional paid-in capital			5,153,407				5,153,407
Subscription receivable			(705,396)				(838,095)
(Deficit)			(4,221,111)				(4,359,869)
Other comprehensive income (loss)			42,441				(25,944)
Total shareholders’ equity of the Company			363,068				23,226
Non-controlling interest			-				-
Total shareholders’ equity			363,068				23,226
Total liabilities and shareholders’ equity		$	564,263			$	237,589

4 Mar 24

8:00am

OGAA Organic Agricultural Company Limited

Quarterly report

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows:

		December 31, 2023				December 31, 2022
		(Unaudited)				(Unaudited)
U.S. federal statutory income tax rate			21	%			21	%
U.S. valuation allowance			(21	)%			(21	)%
The Company’s effective tax rate			(0	)%			(0	)%

4 Mar 24

8:00am

OGAA Organic Agricultural Company Limited

Quarterly report

Customer deposits consisted of the following:

		December 31, 2023				March 31, 2023
		(Unaudited)
Shouhang		$	50,473			$	52,030
Beiqinhai			96,275				99,242
Others			10,331				163
Total customer deposits		$	157,079			$	151,435

4 Mar 24

8:00am

OGAA Organic Agricultural Company Limited

Quarterly report

Amounts due to related parties consisted of the following as of the periods indicated:

		December 31, 2023				March 31, 2023
		(Unaudited)
Tianzhi		$	25,425				-
Shen Zhenai			421				511
Heilongjiang Chuangyi			-				215
		$	25,846			$	726

4 Mar 24

8:00am

OGAA Organic Agricultural Company Limited

Quarterly report

The exchange rates used for foreign currency translation are as follows:

For the three months ended December 31,

(USD to RMB/ USD to HKD)

(USD to RMB/ USD to HKD)

(USD to RMB/ USD to HKD)

Assets and liabilities - period end exchange rate

Revenue and expenses - period average

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