VGES Vanguard Green Investment Ltd (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For The Quarterly Period Ended October 31, 2024

 

or

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______________ to _______________

 

Commission File Number 333-228847

 

VANGUARD GREEN INVESTMENT LIMITED

(Formerly known as MU Global Holding Limited)

(Exact name of registrant issuer as specified in its charter)

 

Nevada		30-1089215
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

 

Rm. 5, 7F., No. 296, Sec. 4, Xinyi Rd., Da’an Dist.,

Taipei City 106427, Taiwan (R.O.C.)

(Address of principal executive offices, including zip code)

 

Registrant’s phone number, including area code +886905153139

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

YES ☒ NO ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

 

YES ☐ NO ☒

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller reporting company ☒ Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes ☐ No ☒

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		VGES		The OTC Market – Pink Sheets

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has fled all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 

Yes ☐ No ☒

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

Class		Outstanding at October 31, 2024
Common Stock, $0.0001 par value		59,434,838

 

 

 

TABLE OF CONTENTS

 

			Page
PART I	FINANCIAL INFORMATION
ITEM 1.	UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:		F-1
	Condensed Consolidated Balance Sheets as of October 31, 2024 (unaudited) and July 31, 2024 (audited)		F-2
	Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended October 31, 2024 (unaudited) and October 31, 2023 (unaudited)		F-3
	Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended October 31, 2024 (unaudited) and 2023 (unaudited)		F-4
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended October 31, 2024 (unaudited) and October 31, 2023 (unaudited)		F-5
	Notes to the Condensed Consolidated Financial Statements		F-6 - F-15
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS		3-5
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK		6
ITEM 4.	CONTROLS AND PROCEDURES		6
PART II	OTHER INFORMATION
ITEM 1	LEGAL PROCEEDINGS		7
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS		7
ITEM 3	DEFAULTS UPON SENIOR SECURITIES		7
ITEM 4	MINE SAFETY DISCLOSURES		7
ITEM 5	OTHER INFORMATION		7
ITEM 6	EXHIBITS		8
	SIGNATURES		9

 

 

PART I FINANCIAL INFORMATION

 

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:

 

VANGUARD GREEN INVESTMENT LIMITED

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

		Page
Condensed Consolidated Financial Statements
Condensed Consolidated Balance Sheets as of October 31, 2024 (unaudited) and July 31, 2024 (audited)		F-2
Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended October 31, 2024 (unaudited) and October 31, 2023 (unaudited)		F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended October 31, 2024 (unaudited) and 2023 (unaudited)		F-4
Condensed Consolidated Statements of Cash Flows for the Three Months Ended October 31, 2024 (unaudited) and October 31, 2023 (unaudited)		F-5
Notes to the Condensed Consolidated Financial Statements		F-6-F-15

 

 

VANGUARD GREEN INVESTMENT LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF OCTOBER 31, 2024 AND JULY 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

		As of				As of
		October 31, 2024				July 31, 2024
		Unaudited				Audited
ASSETS
NON-CURRENT ASSET
Property, plant and equipment		$	-			$	-
INTANGIBLE ASSET
Patent and trademark		$	-			$	-
Total non-current assets			-				-
CURRENT ASSETS
Cash and cash equivalents		$	12,017			$	12,052
Prepayment and deposit			3,900				4,950
Total current assets			15,917				17,002
TOTAL ASSETS		$	15,917			$	17,002
LIABILITIES AND STOCKHOLDERS’ DEFICIT
NON-CURRENT LIABILITIES
Loan from director		$	117,479			$	114,071
Loan from third party			135,775				131,835
Loans			135,775				131,835
Total non-current liabilities		$	253,254			$	245,906
CURRENT LIABILITIES
Other payables and accrued liabilities		$	64,289			$	57,764
Amount due to related parties			96,513				96,513
Deposit from franchisees			1,785				1,785
Loan from director			263,561				262,834
Total current liabilities			426,148				418,896
TOTAL LIABILITIES		$	679,402			$	664,802
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding		$	-			$	-
Common stock, $0.0001 par value, 600,000,000 shares authorized, 59,434,838 shares issued and outstanding as of October 31, 2024 and July 31, 2024 respectively			5,943				5,943
Additional paid-in capital			1,830,300				1,830,300
Accumulated deficit			(2,499,728	)			(2,484,043	)
Total stockholders’ deficit			(663,485	)			(647,800	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT		$	15,917			$	17,002

 

See accompanying notes to condensed consolidated financial statements.

 

 

VANGUARD GREEN INVESTMENT LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 and 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

		2024				2023 (Restated)
		Three months ended October 31,
		2024				2023 (Restated)
REVENUE		$	-			$	-
COST OF REVENUE			-				-
GROSS PROFIT			-				-
OTHER INCOME			3				3,013
SELLING AND MARKETING EXPENSES			-				-
GENERAL AND ADMINISTRATIVE EXPENSES			(15,688	)			(13,425	)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES			(15,685	)			(10,412	)
INCOME TAXES PROVISION			-				-
NET LOSS FROM CONTINUING OPERATIONS			(15,685	)			(10,412	)
NET LOSS FROM DISCONTINUED OPERATIONS
Loss from discontinued operations, net of tax			-				(14,840	)
NET LOSS			(15,685	)			(25,252	)
Other comprehensive loss:
- Foreign currency translation gain			-				6,445
TOTAL COMPREHENSIVE LOSS		$	(15,685	)		$	(18,807	)
Net loss per share- Basic and diluted			(0.01	)			(0.01	)
Weighted average number of common shares outstanding – Basic and diluted			59,434,838				59,434,838

 

See accompanying notes to condensed consolidated financial statements.

 

 

VANGUARD GREEN INVESTMENT LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THREE MONTHS ENDED OCTOBER 31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

		Number of Shares				Amount				Paid-In Capital				Comprehensive Income				Accumulated Deficit				Total Equity
Three months ended October 31, 2024
		Common Stock								Additional				Accumulated Other
		Number of Shares				Amount				Paid-In Capital				Comprehensive Income				Accumulated Deficit				Total Equity
Balance as of August 1, 2024			59,434,838			$	5,943			$	1,830,300			$	-			$	(2,484,043	)		$	(647,800	)
Net loss for the period			-				-				-				-				(15,685	)			(15,685	)
Balance as of October 31, 2024			59,434,838			$	5,943			$	1,830,300			$	-			$	(2,499,728	)		$	(663,485	)

 

Three months ended October 31, 2023
		Common Stock								Additional				Accumulated Other
		Number of Shares				Amount				Paid-In Capital				Comprehensive Income				Accumulated Deficit				Total Equity
Balance as of August 1, 2023			59,434,838			$	5,943			$	1,830,300			$	37,790			$	(2,458,008	)		$	(583,975	)
Balance			59,434,838			$	5,943			$	1,830,300			$	37,790			$	(2,458,008	)		$	(583,975	)
Net loss for the period			-				-				-				-				(10,412	)			(10,412	)
Loss from discontinued operations																			(14,840	)			(14,840	)
Foreign currency translation adjustment			-				-				-				6,445				-				6,445
Balance as of October 31, 2023			59,434,838			$	5,943			$	1,830,300			$	44,235			$	(2,483,260	)		$	(602,782	)
Balance			59,434,838			$	5,943			$	1,830,300			$	44,235			$	(2,483,260	)		$	(602,782	)

 

See accompanying notes to condensed consolidated financial statements.

 

 

VANGUARD GREEN INVESTMENT LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

		2024				2023 (Restated)
		Three months ended October 31
		2024				2023 (Restated)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations		$	(15,685	)		$	(10,412	)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment			-				(1,051	)
Unrealized foreign exchange loss			5,313				-
Interest expense			2,740				-
Gain on disposal of property, plant and equipment			-				(3,012	)
Changes in operating assets and liabilities:
Prepayment and deposit			1,050				3,516
Other payables and accrued liabilities			5,820				(13,600	)
Amount due from related party			-				5,448
Net cash used in operating activities		$	(762	)		$	(19,111	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of patent and trademark			-				(2,466	)
Proceed on disposal of property, plant and equipment			-				6,529
Net cash generated from investing activities		$	-			$	4,063
CASH FLOWS FROM FINANCING ACTIVITY
Loan from director		$	727			$	14,034
Net cash generated from financing activity		$	727			$	14,034
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Operating activities of discontinued operations		$	-			$	(12,183	)
Financing activities of discontinued operations			-				11,388
Net cash used in discontinued operations		$	-			$	(795	)
Effect of exchange rate changes on cash and cash equivalents			-				19
Net change in cash and cash equivalents			(35	)			(1,790	)
Cash and cash equivalents, beginning of period			12,052				4,425
CASH AND CASH EQUIVALENTS, END OF PERIOD		$	12,017			$	2,635

 

See accompanying notes to condensed consolidated financial statements.

 

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

Vanguard Green Investment Limited is organized as a Nevada limited liability company, incorporated on June 4, 2018. For purposes of consolidated financial statement presentation, Vanguard Green Investment Limited and its subsidiaries are herein referred to as “the Company” or “we”. The Company business of which planned principal operations are to provide wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.

 

On June 29, 2018, the Company acquired 100% interest in MU Worldwide Group Limited, a private limited liability company incorporated in Seychelles and its subsidiary MU Global Holding Limited, a private limited liability company incorporated in Hong Kong. On August 16, 2018, MU Global Holding Limited incorporated a wholly owned subsidiary in Shanghai, People Republic of China under the name of MU Global Health Management (Shanghai) Limited.

 

Full disposition of MU Global Health Management (Shanghai) Limited was completed on July 30, 2024 for consideration of $11,975.00.

 

Details of the Company’s subsidiaries:

 

SCHEDULE OF COMPANY’S SUBSIDIARY

	Company name		Place and date of incorporation		Particulars of issued capital		Principal activities
1.	MU Worldwide Group Limited		Seychelles, June 7, 2018		100 shares of ordinary share of US$1 each		Investment holding
2.	MU Global Holding Limited		Hong Kong, January 30, 2018		1 ordinary share of HK$1		Providing SPA and Wellness service in Hong Kong

 

F-6

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements as of and for the three months ended October 31, 2024, and 2023, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended October 31, 2024, are not necessarily indicative of the results that may be expected for the year ending July 31, 2025. The Condensed Consolidated Balance Sheets information as of October 31, 2024, was derived from the Company’s audited Consolidated Financial Statements as of and for the year ended July 31, 2024, included in the Company’s Annual Report on Form 10-K filed with the SEC on November 12, 2024. These financial statements should be read in conjunction with that report.

 

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

 

Use of estimates

 

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

 

Revenue recognition

 

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.

 

Cost of revenue

 

Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.

 

Cash and cash equivalents

 

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

 

Property, plant and equipment

 

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

 

 SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE

Classification		Estimated useful life
Leasable equipment		5 years
Office equipment		3 years

 

Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss.

 

F-7

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Impairment of long-live assets

 

Long-lived assets primarily include trademark of the Company. In accordance with the provision of ASC Topic 360, Impairment or Disposal of Long-Lived Assets, the Company generally conducts its annual impairment evaluation to its long-lived assets, usually in the fourth quarter of each fiscal year, or more frequently if indicators of impairment exist, such as significant sustained change in the business climate. The recoverability of long-lived assets is measured at the lowest level group. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset.

 

Leases

 

The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.

 

The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

 

In determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments

 

Inventories

 

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Consolidated Statements of Operations and Comprehensive Loss.

 

Income taxes

 

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.

 

Going concern

 

The accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

 

For the period ended October 31, 2024, the Company incurred a net loss of $15,685. As of October 31, 2024, the Company suffered an accumulated deficit of $2,499,728, capital deficiency of $663,485 and negative operating cash flows of $762. The Company’s ability to continue as a going concern is dependent upon improving the profitability and the continuing financial support from its shareholders and director. Management believes the existing shareholders, director or external financing will provide the additional cash to meet the Company’s obligations as they become due.

 

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

 

F-8

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Net loss per share

 

The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings Per Share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

 

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 Statements of Operations and Comprehensive loss.

 

The functional currency of the parent Company is United States dollar and the functional currency of the subsidiaries MU Worldwide Group Limited (Seychelles) and MU Global Holding Limited (Hong Kong) is United States dollar.

 

The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.

 

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive loss within the statements of stockholders’ equity.

 

Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:

 

SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION

		As of and for the three months ended October 31
		2024				2023
Period-end RMB : US$1 exchange rate			7.12				7.29
Period-average RMB : US$1 exchange rate			7.10				7.26
Period-end HK$ : US$1 exchange rate			7.77				7.82
Period-average HK$ : US$1 exchange rate			7.79				7.83
Period-end TWD : US$1 exchange rate			31.95				32.49
Period-average TWD : US$1 exchange rate			32.10				32.04

 

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

F-9

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Fair value of financial instruments:

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

Recent accounting pronouncements

 

The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued.

 

In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

 

In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024.

 

Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

 

F-10

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

3. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment as of October 31, 2024 are summarized below:

 SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT 

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Office equipment		$	28,862			$	28,862
Leasable equipment			37,384				37,384
Total			66,246				66,246
Accumulated depreciation1		$	(25,014	)		$	(25,014	)
Impairment			(41,232	)			(41,232	)
Property, plant and equipment, net		$	-			$	-

 

1

For the period ended October 31, 2024 and October 31, 2023, depreciation expense was $0 and $0 respectively.

 

DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT

 SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT 

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Proceed from disposal of property, plant and equipment		$	-			$	6,529
Disposal of equipment impaired at net book value			-				(3,517	)
Total gain on disposal		$	-			$	3,012

 

4. PATENT AND TRADEMARK

 SCHEDULE OF PATENT AND TRADEMARK 

		As of				As of
		October 31, 2024				July 31, 2024
		(Unaudited)				(Audited)
Patent and trademark1		$	35,285			$	35,285
Accumulated amortization			(6,240	)			(6,240	)
Impairment			(29,045	)			(29,045	)
Patent and trademark, net		$	-			$	-

 

1

The patents and trademarks are held under the Company’s subsidiary in Hong Kong.

 

Amortization were $0 and $0 for the period ended October 31, 2024 and October 31, 2023 respectively.

 

5. PREPAYMENT AND DEPOSIT

  SCHEDULE OF PREPAYMENTS AND DEPOSITS

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Prepayment		$	2,100			$	3,150
Deposit			1,800				1,800
Total prepayment and deposit		$	3,900			$	4,950

 

F-11

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

6. OTHER PAYABLES AND ACCRUED LIABILITIES

 

 SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Other payables		$	38,289			$	37,584
Accrued audit fees			15,000				15,000
Accrued professional fees			11,000				5,180
Total other payables and accrued liabilities		$	64,289			$	57,764

 

7. AMOUNT DUE TO RELATED PARTIES

 

 SCHEDULE OF DUE TO RELATED PARTIES

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Hsieh, Chang-Chung1		$	93,176			$	93,176
Tien Mu International Co., Ltd2			3,337				3,337
		$	96,513			$	96,513

 

1

Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.

 

2

Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

 

The amount due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose.

 

8. LOAN FROM THIRD PARTY

 

 SCHEDULE OF LOAN FROM THIRD PARTY

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Shang Hai Shi Ba Enterprise Management Centre		$	135,775			$	131,835
Total loan from third party		$	135,775			$	131,835

 

The loan is unsecured, interest-free and repayable in year 2024 and year 2025. The loan is further extended to repayment in year 2026 with a loan agreement entered on August 2, 2023.

 

9. LOAN FROM DIRECTOR

 

 SCHEDULE OF LOAN FROM DIRECTOR

		As of October 31, 2024				As of July 31, 2024
		(Unaudited)				(Audited)
Current		$	263,561			$	262,834
Non-current			117,479				114,071
Total loan from Director		$	381,040			$	376,905

 

Current portion of the loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable upon demand.

 

The long-term loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable in year 2024, for working capital purpose. The long-term loan is further extended to repayment in year 2026 with a loan agreement entered on August 2, 2023.

 

F-12

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

10. INCOME TAXES

 

For the three months ended October 31, 2024 and October 31, 2023, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following:

 

SCHEDULE OF LOSS BEFORE INCOME TAX

		Three months ended October 31
		2024				2023 (Restated)
Tax jurisdictions from:
Local		$	(15,649	)		$	(11,949	)
Foreign, representing
- Seychelles			-				-
- Hong Kong			(36	)			1,537
- Shanghai			-				-
Foreign			-				-
Loss before income tax		$	(15,685	)		$	(10,412	)

 

The provision for income taxes consisted of the following:

 

SCHEDULE OF PROVISION FOR INCOME TAXES

		For the period ended October 31, 2024				For the period ended October 31, 2023
Current:
- Local		$	-			$	-
- Foreign			-				-
Deferred:
- Local			-				-
- Foreign			-				-
Income tax expense		$	-			$	-

 

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States Seychelles and Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows:

 

United States of America

 

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of October 31, 2024, the operations in the United States of America incurred $887,625 of cumulative net operating losses which can be carried forward indefinitely to offset a maximum of 80% future taxable income. The Company has provided for a full valuation allowance of $710,100 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Seychelles

 

Under the current laws of the Seychelles, MU Worldwide Group Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.

 

Hong Kong

 

MU Global Holding Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income.

 

Shanghai

 

MU Global Health Management (Shanghai) Limited are operating in the People’s Republic of China (PRC) subject to the Corporate Income Tax governed by the Income Tax Law of the PRC with a unified statutory income tax rate of 25%.

 

F-13

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

11. COMMON STOCK

 

On June 4, 2018, our Chief Executive Officer, Ms. Niu Yen-Yen subscribed 100,000 shares of restricted common stock of the Company at par value of $0.0001 per share. The monies from this transaction, which totalled $10, went to the Company to be used as initial working capital.

 

On July 6, 2018, Ms. Niu Yen-Yen and Server Int’l Co., Ltd. subscribed 25,000,000 and 11,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $3,600, went to the Company to be used as initial working capital. Server Int’l Co., Ltd. is controlled entirely by Ms. Niu Yen-Yen.

 

On July 7, 2018, Chang Chun-Ying and Chang Su-Fen subscribed 4,300,000 and 5,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $930, went to the Company to be used as initial working capital.

 

On July 9, 2018, GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited, subscribed 2,835,000 and 2,165,000 restricted shares of common stock of the Company, respectively, at par value of $0.0001 per share. The monies from these transactions, which totalled $500, went to the Company to be used as initial working capital.

 

From July 9, 2018 to July 10, 2018 the Company issued a total of 2,150,000 shares of restricted common stock to three non-US residents. Shares were sold at par value, $0.0001 per share. Total proceeds from these shares totalled $215 and went to the Company to be used as initial working capital.

 

On July 10, 2018, Server Int’l Co., Ltd, a Company solely controlled and owned by the CEO has transferred 1,500,000 shares of common stock to 8 non-US residents.

 

On July 11, 2018 the Company issued a total of 710,000 shares of restricted common stock to two non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $21,300 and went to the Company to be used as initial working capital.

 

On July 25, 2018 the Company issued a total of 995,000 shares of restricted common stock to ten non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $29,850 and went to the Company to be used as initial working capital.

 

On July 26, 2018 the Company issued 250,000 shares of restricted common stock to one non-US resident at a price of $0.20 per share. Total proceeds from these sales of shares totalled $50,000 and went to the Company to be used as initial working capital.

 

On July 31, 2018 Dezign Format Pte Ltd and Cheng Young-Chien each subscribed 2,000,000 restricted shares of common stock of the Company, at $0.20 per share, for total consideration of $800,000. Proceeds went to the Company to be used as initial working capital.

 

From August 1, 2018 to December 13, 2018, Ms. Niu Yen-Yen, the CEO of the Company has transferred 1,557,800 shares of common stock to 16 non-US residents.

 

On May 7, 2019, the convertible promissory note issued by the Company amounted $779,125 to 45 accredited investors who reside in Taiwan with the conversion price of $1 per share have been converted to 779,125 common stock of the company after the S-1 registration statement was declared effective on May 6, 2019.

 

From May 14, 2019 to July 31, 2019, the company issued 150,317 shares of common stock at a price of $1.00 per share through the Initial Public Offering (IPO) to 36 non-US residents.

 

From August 1, 2020 to July 31, 2021, Ms. Niu Yen-Yen, the CEO of the Company, had 395,000 shares of common stock transferred from 3 non-US residents and had sold 3,364,921 shares of common stock to 20 non-US residents.

 

From August 1, 2021 to July 31, 2022, Ms. Niu Yen-Yen, the CEO of the Company, had 55,522 shares of common stock transferred from 2 non-US residents and had sold 6,800,000 shares of common stock to 3 non-US residents.

 

From August 1, 2022 to July 31, 2023, Ms. Niu Yen-Yen had sold 610,000 shares of common stock to 5 non-US residents.

 

As of October 31, 2024, MU Global Holding Limited has an issued and outstanding common share of 59,434,838.

 

12. CONCENTRATIONS OF RISK

 

(a) Major customers

 

For the three months period ended October 31, 2024 and 2023, there is no customer who accounted for 10% or more of the Company’s revenues and its trade receivable balance at period-end.

 

(b) Major vendors

 

For the three months period ended October 31, 2024 and 2023, there is no vendor who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end.

 

(c) Exchange rate risk

 

The operation of the Company’s subsidiaries in international markets results in exposure to movements in currency exchange rates. We have experienced foreign currency gains and losses due to the strengthening and weakening of the U.S. dollar. The potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations. The Company has not historically used financial instruments to hedge its foreign currency exchange rate risks.

 

The currencies that create a majority of the Company’s exchange rate exposure are RMB, HK$, and TWD. The Company translates all assets and liabilities at the rate of exchange in effect at the balance sheet date and income and expense activity at the approximate rate of exchange at the transaction date.

 

F-14

 

VANGUARD GREEN INVESTMENT LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED OCTOBER 31, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

13. RELATED PARTY TRANSACTIONS

 

For the period ended October 31, 2024 the Company has following transactions with related parties:

 

SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY

		For the period ended October 31, 2024 (Unaudited)				For the year ended July 31, 2024 (Audited)
Professional fee:
- Related party A		$	2,500			$	14,700
Professional fee		$	2,500			$	14,700
Total		$	2,500			$	14,700

 

Related party A is the fellow subsidiaries of a corporate shareholder of the Company.

 

For the period ended October 31, 2024, the Company incurred professional fees of $2,500 due to related party A.

 

14. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

SCHEDULE OF SEGMENT REPORTING INFORMATION

By Geography:

 

		For the period ended October 31, 2024
		Nevada				Seychelles				Hong Kong				Total
Revenue		$	-			$	-			$	-		-	$	-
Cost of revenue			-				-				-				-
Other income			-				-				3				3
General and administrative expenses			(15,649	)			-				(39	)			(15,688	)
Net loss before taxation			(15,649	)			-				(36	)			(15,685	)
Total assets		$	2,100			$	1			$	13,816		-	$	15,917

 

		For the period ended October 31, 2023 (Restated)
		Nevada				Seychelles				Hong Kong				China				Total
Revenue		$	-			$	-			$	-			$	-			$	-
Cost of revenue			-				-				-				-				-
Other income			-				-				3,013				-				3,013
General and administrative expenses			(11,949	)			-				(1,476	)			-				(13,425	)
Net (loss)/income before taxation			(11,949	)			-				1,537				-				(10,412	)
Total assets		$	2,100			$	1			$	2,663			$	9,956			$	14,720

 

15. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all subsequent events through the filing date of this Form 10-K with the SEC, to ensure that this filing includes appropriate disclosure of events both recognized in the financial statements as of October 31, 2024, and events which occurred subsequently but were not recognized in the financial statements. During the period, there was no subsequent event that required recognition or disclosure.

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended July 31, 2024 filed with the Securities and Exchange Commission on November 12, 2024 (the “Form 10-K”) and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

 

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

 

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

Company Overview

 

Vanguard Green Investment Limited, the US Company, operates through its wholly owned subsidiary, MU Worldwide Group Limited, a Seychelles Company; which operates through its wholly owned subsidiary, MU Global Holding Limited, a Hong Kong Company. The US and Seychelles Companies act solely for holding purposes whereas the purpose of the Hong Kong Company is to function as the current regional hub of the Company.

 

All of the previous entities share the same exact business plan with the goal of developing and providing wellness and beauty services to our future clients. We aim to promote improved overall health and beauty in our clients through a holistic detoxification method. We will, at least initially, primarily focus our efforts on attracting customers in China. We have intentions, but no definitive plans or timelines, to expand to Singapore, Malaysia, Hong Kong, and Middle Eastern countries in the coming years, and subsequently we intend to make efforts to expand throughout Asia. We anticipate spending a substantial amount in marketing and advertising in the coming year.

 

 

Results of Operation

 

For the three months ended October 31, 2024 and 2023

 

Revenue

 

For the three months ended October 31, 2024 and 2023, the Company did not generate revenue.

 

Cost of Revenue

 

For the three months ended October 31, 2024 and 2023, the Company did not incur cost of revenue.

 

Selling and marketing expenses

 

For the three months ended October 31, 2024 and 2023, the Company did not incur marketing expenses.

 

General and administrative expenses

 

For the three months ended October 31, 2024 and 2023, the Company had incurred general and administrative expenses in the amount of $15,688 and $13,425 respectively. These expenses are comprised of professional fees, consultancy fee for IT and system management, office expenses.

 

Other Income

 

The Company recorded an amount of $3 and $3,013 as other income for the three months ended October 31, 2024 and 2023. This income is derived from the interest income, foreign exchange gain, gain on disposal of property, plant and equipment.

 

Net Loss

 

Our net loss for three months ended October 31, 2024 and 2023 were $15,685 and $10,412. The net loss mainly derived from the general and administrative expenses incurred.

 

 

Liquidity and Capital Resources

 

As of October 31, 2024 and 2023, we had cash and cash equivalents of $12,017 and $2,635 respectively. We expect increased levels of operations going forward will result in more significant cash flow and in turn working.

 

We depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements and to make capital investments in connection with ongoing operations. During the period ended October 31, 2024, the Company had met these requirements primarily from the financial support from director and third party company.

 

Cash Used in Operating Activities

 

For the three months ended October 31, 2024, net cash used in operating activities was $762 as compared to net cash used in operating activities of $19,111 for the three months ended October 31, 2023. The cash used in operating activities was mainly for payment of general and administrative expenses.

 

Cash Generated from Financing Activity

 

For the three months ended October 31, 2024 and 2023, net cash generated from financing activity was $727 and $14,034 respectively. The financing cash flow performance primarily reflects loan from director.

 

Cash Generated from Investing Activities

 

For the three months ended October 31, 2024 and 2023, net cash generated from investing activities was $0 and $4,063 respectively. The investing cash flow performance primarily reflects the purchase trademark and disposal of property, plant and equipment.

 

Credit Facilities

 

We do not have any credit facilities or other access to bank credit.

 

Off-balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of October 31, 2024.

 

Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued.

 

In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

 

In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024.

 

Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

 

 

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 4 CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures:

 

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of October 31, 2024. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of October 31, 2024, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

 

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of October 31, 2024, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

 

Changes in Internal Control over Financial Reporting:

 

There were no changes in our internal control over financial reporting during the quarter ended October 31, 2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None

 

Item 3. Defaults Upon Senior Securities

 

None

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information.

 

None

 

 

ITEM 6. Exhibits

 

Exhibit No.		Description
31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*
32.1		Section 1350 Certification of principal executive officer *
101.INS		Inline XBRL Instance Document*
101.SCH		Inline XBRL Schema Document*
101.CAL		Inline XBRL Calculation Linkbase Document*
101.DEF		Inline XBRL Definition Linkbase Document*
101.LAB		Inline XBRL Label Linkbase Document*
101.PRE		Inline XBRL Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

* Filed herewith.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Vanguard Green Investment Limited
	(Name of Registrant)
Date: December 11, 2024	By:	/s/ NIU YEN YEN
	Title:	Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

 

 

 

EXHIBIT 31.1

 

CERTIFICATION

 

I, NIU YEN YEN, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Vanguard Green Investment Limited (the “Company”) for the quarter ended October 31, 2024;

 

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: December 11, 2024	By:	/s/ NIU YEN YEN
		NIU YEN YEN
		Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

 

 

 

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Vanguard Green Investment Limited (the “Company”) on Form 10-Q for the quarter ended October 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Date: December 11, 2024	By:	/s/ NIU YEN YEN
		NIU YEN YEN
		Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

v3.24.3

Cover	3 Months Ended
	Oct. 31, 2024 $ / shares shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--07-31
Entity File Number	333-228847
Entity Registrant Name	VANGUARD GREEN INVESTMENT LIMITED
Entity Central Index Key	0001746119
Entity Tax Identification Number	30-1089215
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Rm. 5, 7F., No. 296, Sec. 4
Entity Address, Address Line Two	Xinyi Rd.
Entity Address, Address Line Three	Da’an Dist
Entity Address, City or Town	Taipei City
Entity Address, Country	TW
Entity Address, Postal Zip Code	106427
City Area Code	+886
Local Phone Number	905153139
Title of 12(b) Security	Common Stock
Trading Symbol	VGES
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding | shares	59,434,838
Entity Listing, Par Value Per Share | $ / shares	$ 0.0001

v3.24.3

Condensed Consolidated Balance Sheets - USD ($)	Oct. 31, 2024	Jul. 31, 2024
NON-CURRENT ASSET
Property, plant and equipment
INTANGIBLE ASSET
Patent and trademark
Total non-current assets
CURRENT ASSETS
Cash and cash equivalents	12,017	12,052
Prepayment and deposit	3,900	4,950
Total current assets	15,917	17,002
TOTAL ASSETS	15,917	17,002
NON-CURRENT LIABILITIES
Total non-current liabilities	253,254	245,906
CURRENT LIABILITIES
Other payables and accrued liabilities	64,289	57,764
Deposit from franchisees	1,785	1,785
Total current liabilities	426,148	418,896
TOTAL LIABILITIES	679,402	664,802
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 59,434,838 shares issued and outstanding as of October 31, 2024 and July 31, 2024 respectively	5,943	5,943
Additional paid-in capital	1,830,300	1,830,300
Accumulated deficit	(2,499,728)	(2,484,043)
Total stockholders’ deficit	(663,485)	(647,800)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	15,917	17,002
Director [Member]
NON-CURRENT LIABILITIES
Loans	117,479	114,071
CURRENT LIABILITIES
Loan from director	263,561	262,834
Third Party [Member]
NON-CURRENT LIABILITIES
Loans	135,775	131,835
Related Party [Member]
CURRENT LIABILITIES
Amount due to related parties	$ 96,513	$ 96,513

v3.24.3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2024	Jul. 31, 2024
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	59,434,838	59,434,838
Common stock, shares outstanding	59,434,838	59,434,838

v3.24.3

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Income Statement [Abstract]
REVENUE
COST OF REVENUE
GROSS PROFIT
OTHER INCOME	3	3,013
SELLING AND MARKETING EXPENSES
GENERAL AND ADMINISTRATIVE EXPENSES	(15,688)	(13,425)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(15,685)	(10,412)
INCOME TAXES PROVISION
NET LOSS FROM CONTINUING OPERATIONS	(15,685)	(10,412)
NET LOSS FROM DISCONTINUED OPERATIONS
Loss from discontinued operations, net of tax		(14,840)
NET LOSS	(15,685)	(25,252)
Other comprehensive loss:
- Foreign currency translation gain		6,445
TOTAL COMPREHENSIVE LOSS	$ (15,685)	$ (18,807)
Net loss per share- Basic	$ (0.01)	$ (0.01)
Net loss per share- Diluted	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - Basic	59,434,838	59,434,838
Weighted average number of common shares outstanding - Diluted	59,434,838	59,434,838

v3.24.3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Jul. 31, 2023	$ 5,943	$ 1,830,300	$ 37,790	$ (2,458,008)	$ (583,975)
Balance, shares at Jul. 31, 2023	59,434,838
Net loss for the period				(10,412)	(10,412)
Loss from discontinued operations				(14,840)	(14,840)
Foreign currency translation adjustment			6,445		6,445
Balance at Oct. 31, 2023	$ 5,943	1,830,300	44,235	(2,483,260)	(602,782)
Balance, shares at Oct. 31, 2023	59,434,838
Balance at Jul. 31, 2024	$ 5,943	1,830,300		(2,484,043)	(647,800)
Balance, shares at Jul. 31, 2024	59,434,838
Net loss for the period				(15,685)	(15,685)
Balance at Oct. 31, 2024	$ 5,943	$ 1,830,300		$ (2,499,728)	$ (663,485)
Balance, shares at Oct. 31, 2024	59,434,838

v3.24.3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	$ (15,685)	$ (10,412)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment		(1,051)
Unrealized foreign exchange loss	5,313
Interest expense	2,740
Gain on disposal of property, plant and equipment		(3,012)
Changes in operating assets and liabilities:
Prepayment and deposit	1,050	3,516
Other payables and accrued liabilities	5,820	(13,600)
Amount due from related party		5,448
Net cash used in operating activities	(762)	(19,111)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of patent and trademark		(2,466)
Proceed on disposal of property, plant and equipment		6,529
Net cash generated from investing activities		4,063
CASH FLOWS FROM FINANCING ACTIVITY
Loan from director	727	14,034
Net cash generated from financing activity	727	14,034
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Operating activities of discontinued operations		(12,183)
Financing activities of discontinued operations		11,388
Net cash used in discontinued operations		(795)
Effect of exchange rate changes on cash and cash equivalents		19
Net change in cash and cash equivalents	(35)	(1,790)
Cash and cash equivalents, beginning of period	12,052	4,425
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 12,017	$ 2,635

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION	3 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION   Vanguard Green Investment Limited is organized as a Nevada limited liability company, incorporated on June 4, 2018. For purposes of consolidated financial statement presentation, Vanguard Green Investment Limited and its subsidiaries are herein referred to as “the Company” or “we”. The Company business of which planned principal operations are to provide wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.   On June 29, 2018, the Company acquired 100% interest in MU Worldwide Group Limited, a private limited liability company incorporated in Seychelles and its subsidiary MU Global Holding Limited, a private limited liability company incorporated in Hong Kong. On August 16, 2018, MU Global Holding Limited incorporated a wholly owned subsidiary in Shanghai, People Republic of China under the name of MU Global Health Management (Shanghai) Limited.   Full disposition of MU Global Health Management (Shanghai) Limited was completed on July 30, 2024 for consideration of $11,975.00.   Details of the Company’s subsidiaries:   SCHEDULE OF COMPANY’S SUBSIDIARY   Company name   Place and date of incorporation   Particulars of issued capital   Principal activities                 1. MU Worldwide Group Limited   Seychelles, June 7, 2018   100 shares of ordinary share of US$1 each   Investment holding                 2. MU Global Holding Limited   Hong Kong, January 30, 2018   1 ordinary share of HK$1   Providing SPA and Wellness service in Hong Kong     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Oct. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of presentation   The accompanying unaudited condensed consolidated financial statements as of and for the three months ended October 31, 2024, and 2023, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended October 31, 2024, are not necessarily indicative of the results that may be expected for the year ending July 31, 2025. The Condensed Consolidated Balance Sheets information as of October 31, 2024, was derived from the Company’s audited Consolidated Financial Statements as of and for the year ended July 31, 2024, included in the Company’s Annual Report on Form 10-K filed with the SEC on November 12, 2024. These financial statements should be read in conjunction with that report.   Basis of consolidation   The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.   Use of estimates   Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.   Revenue recognition   The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.   Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.   Cost of revenue   Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.   Cash and cash equivalents   Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.   Property, plant and equipment   Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:    SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE Classification   Estimated useful life Leasable equipment   5 years Office equipment   3 years   Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Impairment of long-live assets   Long-lived assets primarily include trademark of the Company. In accordance with the provision of ASC Topic 360, Impairment or Disposal of Long-Lived Assets, the Company generally conducts its annual impairment evaluation to its long-lived assets, usually in the fourth quarter of each fiscal year, or more frequently if indicators of impairment exist, such as significant sustained change in the business climate. The recoverability of long-lived assets is measured at the lowest level group. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset.   Leases   The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.   The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.   In determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments   Inventories   Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Consolidated Statements of Operations and Comprehensive Loss.   Income taxes   Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.   ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.   The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.   Going concern   The accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.   For the period ended October 31, 2024, the Company incurred a net loss of $15,685. As of October 31, 2024, the Company suffered an accumulated deficit of $2,499,728, capital deficiency of $663,485 and negative operating cash flows of $762. The Company’s ability to continue as a going concern is dependent upon improving the profitability and the continuing financial support from its shareholders and director. Management believes the existing shareholders, director or external financing will provide the additional cash to meet the Company’s obligations as they become due.   These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Net loss per share   The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings Per Share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.   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 Statements of Operations and Comprehensive loss.   The functional currency of the parent Company is United States dollar and the functional currency of the subsidiaries MU Worldwide Group Limited (Seychelles) and MU Global Holding Limited (Hong Kong) is United States dollar.   The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.   In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive loss within the statements of stockholders’ equity.   Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION     As of and for the three months ended October 31       2024     2023   Period-end RMB : US$1 exchange rate     7.12       7.29   Period-average RMB : US$1 exchange rate     7.10       7.26   Period-end HK$ : US$1 exchange rate     7.77       7.82   Period-average HK$ : US$1 exchange rate     7.79       7.83   Period-end TWD : US$1 exchange rate     31.95       32.49   Period-average TWD : US$1 exchange rate     32.10       32.04     Related parties   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Fair value of financial instruments:   The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments.   The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:   Level 1: Observable inputs such as quoted prices in active markets;   Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and   Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.   Recent accounting pronouncements   The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued.   In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.   In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024.   Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	3. PROPERTY, PLANT AND EQUIPMENT   Property, plant and equipment as of October 31, 2024 are summarized below:  SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT      As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)                 Office equipment   $ 28,862     $ 28,862   Leasable equipment     37,384       37,384   Total     66,246       66,246   Accumulated depreciation1   $ (25,014 )   $ (25,014 ) Impairment     (41,232 )     (41,232 ) Property, plant and equipment, net   $ -     $ -     1 For the period ended October 31, 2024 and October 31, 2023, depreciation expense was $0 and $0 respectively.   DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT  SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT      As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Proceed from disposal of property, plant and equipment   $         -     $ 6,529   Disposal of equipment impaired at net book value     -       (3,517 ) Total gain on disposal   $ -     $ 3,012

v3.24.3

PATENT AND TRADEMARK	3 Months Ended
	Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
PATENT AND TRADEMARK	4. PATENT AND TRADEMARK  SCHEDULE OF PATENT AND TRADEMARK      As of     As of       October 31, 2024     July 31, 2024       (Unaudited)     (Audited)   Patent and trademark1   $ 35,285     $ 35,285   Accumulated amortization     (6,240 )     (6,240 ) Impairment     (29,045 )     (29,045 ) Patent and trademark, net   $ -     $ -     1 The patents and trademarks are held under the Company’s subsidiary in Hong Kong.   Amortization were $0 and $0 for the period ended October 31, 2024 and October 31, 2023 respectively.

v3.24.3

PREPAYMENT AND DEPOSIT	3 Months Ended
	Oct. 31, 2024
Prepayment And Deposit
PREPAYMENT AND DEPOSIT	5. PREPAYMENT AND DEPOSIT   SCHEDULE OF PREPAYMENTS AND DEPOSITS     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Prepayment   $ 2,100     $ 3,150   Deposit     1,800       1,800   Total prepayment and deposit   $ 3,900     $ 4,950       VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

OTHER PAYABLES AND ACCRUED LIABILITIES	3 Months Ended
	Oct. 31, 2024
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	6. OTHER PAYABLES AND ACCRUED LIABILITIES    SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Other payables   $ 38,289     $ 37,584   Accrued audit fees     15,000       15,000   Accrued professional fees     11,000       5,180   Total other payables and accrued liabilities   $ 64,289     $ 57,764

v3.24.3

AMOUNT DUE TO RELATED PARTIES	3 Months Ended
	Oct. 31, 2024
Amount Due To Related Parties
AMOUNT DUE TO RELATED PARTIES	7. AMOUNT DUE TO RELATED PARTIES    SCHEDULE OF DUE TO RELATED PARTIES     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Hsieh, Chang-Chung1   $ 93,176     $ 93,176   Tien Mu International Co., Ltd2     3,337       3,337     $ 96,513     $ 96,513     1 Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.   2 Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.   The amount due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose.

v3.24.3

LOAN FROM THIRD PARTY	3 Months Ended
	Oct. 31, 2024
Loan From Third Party
LOAN FROM THIRD PARTY	8. LOAN FROM THIRD PARTY    SCHEDULE OF LOAN FROM THIRD PARTY     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Shang Hai Shi Ba Enterprise Management Centre   $ 135,775     $ 131,835   Total loan from third party   $ 135,775     $ 131,835     The loan is unsecured, interest-free and repayable in year 2024 and year 2025. The loan is further extended to repayment in year 2026 with a loan agreement entered on August 2, 2023.

v3.24.3

LOAN FROM DIRECTOR	3 Months Ended
	Oct. 31, 2024
Loan From Director
LOAN FROM DIRECTOR	9. LOAN FROM DIRECTOR    SCHEDULE OF LOAN FROM DIRECTOR     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Current   $ 263,561     $ 262,834   Non-current     117,479       114,071   Total loan from Director   $ 381,040     $ 376,905     Current portion of the loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable upon demand.   The long-term loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable in year 2024, for working capital purpose. The long-term loan is further extended to repayment in year 2026 with a loan agreement entered on August 2, 2023.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

INCOME TAXES	3 Months Ended
	Oct. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES   For the three months ended October 31, 2024 and October 31, 2023, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following:   SCHEDULE OF LOSS BEFORE INCOME TAX                   Three months ended October 31       2024     2023 (Restated)   Tax jurisdictions from:                 Local   $ (15,649 )   $ (11,949 ) Foreign, representing                 - Seychelles     -       -   - Hong Kong     (36 )     1,537   - Shanghai     -       -   Foreign     -       -   Loss before income tax   $ (15,685 )   $ (10,412 )   The provision for income taxes consisted of the following:   SCHEDULE OF PROVISION FOR INCOME TAXES     For the period ended October 31, 2024     For the period ended October 31, 2023   Current:                 - Local   $      -     $      -   - Foreign     -       -   Deferred:                 - Local     -       -   - Foreign     -       -                     Income tax expense   $ -     $ -     The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States Seychelles and Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows:   United States of America   The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of October 31, 2024, the operations in the United States of America incurred $887,625 of cumulative net operating losses which can be carried forward indefinitely to offset a maximum of 80% future taxable income. The Company has provided for a full valuation allowance of $710,100 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.   Seychelles   Under the current laws of the Seychelles, MU Worldwide Group Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.   Hong Kong   MU Global Holding Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income.   Shanghai   MU Global Health Management (Shanghai) Limited are operating in the People’s Republic of China (PRC) subject to the Corporate Income Tax governed by the Income Tax Law of the PRC with a unified statutory income tax rate of 25%.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

COMMON STOCK	3 Months Ended
	Oct. 31, 2024
Equity [Abstract]
COMMON STOCK	11. COMMON STOCK   On June 4, 2018, our Chief Executive Officer, Ms. Niu Yen-Yen subscribed 100,000 shares of restricted common stock of the Company at par value of $0.0001 per share. The monies from this transaction, which totalled $10, went to the Company to be used as initial working capital.   On July 6, 2018, Ms. Niu Yen-Yen and Server Int’l Co., Ltd. subscribed 25,000,000 and 11,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $3,600, went to the Company to be used as initial working capital. Server Int’l Co., Ltd. is controlled entirely by Ms. Niu Yen-Yen.   On July 7, 2018, Chang Chun-Ying and Chang Su-Fen subscribed 4,300,000 and 5,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $930, went to the Company to be used as initial working capital.   On July 9, 2018, GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited, subscribed 2,835,000 and 2,165,000 restricted shares of common stock of the Company, respectively, at par value of $0.0001 per share. The monies from these transactions, which totalled $500, went to the Company to be used as initial working capital.   From July 9, 2018 to July 10, 2018 the Company issued a total of 2,150,000 shares of restricted common stock to three non-US residents. Shares were sold at par value, $0.0001 per share. Total proceeds from these shares totalled $215 and went to the Company to be used as initial working capital.   On July 10, 2018, Server Int’l Co., Ltd, a Company solely controlled and owned by the CEO has transferred 1,500,000 shares of common stock to 8 non-US residents.   On July 11, 2018 the Company issued a total of 710,000 shares of restricted common stock to two non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $21,300 and went to the Company to be used as initial working capital.   On July 25, 2018 the Company issued a total of 995,000 shares of restricted common stock to ten non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $29,850 and went to the Company to be used as initial working capital.   On July 26, 2018 the Company issued 250,000 shares of restricted common stock to one non-US resident at a price of $0.20 per share. Total proceeds from these sales of shares totalled $50,000 and went to the Company to be used as initial working capital.   On July 31, 2018 Dezign Format Pte Ltd and Cheng Young-Chien each subscribed 2,000,000 restricted shares of common stock of the Company, at $0.20 per share, for total consideration of $800,000. Proceeds went to the Company to be used as initial working capital.   From August 1, 2018 to December 13, 2018, Ms. Niu Yen-Yen, the CEO of the Company has transferred 1,557,800 shares of common stock to 16 non-US residents.   On May 7, 2019, the convertible promissory note issued by the Company amounted $779,125 to 45 accredited investors who reside in Taiwan with the conversion price of $1 per share have been converted to 779,125 common stock of the company after the S-1 registration statement was declared effective on May 6, 2019.   From May 14, 2019 to July 31, 2019, the company issued 150,317 shares of common stock at a price of $1.00 per share through the Initial Public Offering (IPO) to 36 non-US residents.   From August 1, 2020 to July 31, 2021, Ms. Niu Yen-Yen, the CEO of the Company, had 395,000 shares of common stock transferred from 3 non-US residents and had sold 3,364,921 shares of common stock to 20 non-US residents.   From August 1, 2021 to July 31, 2022, Ms. Niu Yen-Yen, the CEO of the Company, had 55,522 shares of common stock transferred from 2 non-US residents and had sold 6,800,000 shares of common stock to 3 non-US residents.   From August 1, 2022 to July 31, 2023, Ms. Niu Yen-Yen had sold 610,000 shares of common stock to 5 non-US residents.   As of October 31, 2024, MU Global Holding Limited has an issued and outstanding common share of 59,434,838.

v3.24.3

CONCENTRATIONS OF RISK	3 Months Ended
	Oct. 31, 2024
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	12. CONCENTRATIONS OF RISK   (a) Major customers   For the three months period ended October 31, 2024 and 2023, there is no customer who accounted for 10% or more of the Company’s revenues and its trade receivable balance at period-end.   (b) Major vendors   For the three months period ended October 31, 2024 and 2023, there is no vendor who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end.   (c) Exchange rate risk   The operation of the Company’s subsidiaries in international markets results in exposure to movements in currency exchange rates. We have experienced foreign currency gains and losses due to the strengthening and weakening of the U.S. dollar. The potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations. The Company has not historically used financial instruments to hedge its foreign currency exchange rate risks.   The currencies that create a majority of the Company’s exchange rate exposure are RMB, HK$, and TWD. The Company translates all assets and liabilities at the rate of exchange in effect at the balance sheet date and income and expense activity at the approximate rate of exchange at the transaction date.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	13. RELATED PARTY TRANSACTIONS   For the period ended October 31, 2024 the Company has following transactions with related parties:   SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY     For the period ended October 31, 2024 (Unaudited)     For the year ended July 31, 2024 (Audited)   Professional fee:                 - Related party A   $ 2,500     $ 14,700   Professional fee   $ 2,500     $ 14,700                                       Total   $ 2,500     $ 14,700     Related party A is the fellow subsidiaries of a corporate shareholder of the Company.   For the period ended October 31, 2024, the Company incurred professional fees of $2,500 due to related party A.

v3.24.3

SEGMENT INFORMATION	3 Months Ended
	Oct. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	14. SEGMENT INFORMATION   ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.   The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below: SCHEDULE OF SEGMENT REPORTING INFORMATION By Geography:                                 For the period ended October 31, 2024       Nevada     Seychelles     Hong Kong     Total                             Revenue   $ -     $         -     $ -   - $ -   Cost of revenue     -       -       -       -   Other income     -       -       3       3   General and administrative expenses     (15,649 )     -       (39 )     (15,688 ) Net loss before taxation     (15,649 )     -       (36 )     (15,685 )                                   Total assets   $ 2,100     $ 1     $ 13,816   - $ 15,917                                         For the period ended October 31, 2023 (Restated)       Nevada     Seychelles     Hong Kong     China     Total                                   Revenue   $ -     $         -     $ -     $ -     $ -   Cost of revenue     -       -       -       -       -   Other income     -       -       3,013       -       3,013   General and administrative expenses     (11,949 )     -       (1,476 )     -       (13,425 ) Net (loss)/income before taxation     (11,949 )     -       1,537       -       (10,412 )                                           Total assets   $ 2,100     $ 1     $ 2,663     $ 9,956     $ 14,720

v3.24.3

SUBSEQUENT EVENTS	3 Months Ended
	Oct. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS   In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all subsequent events through the filing date of this Form 10-K with the SEC, to ensure that this filing includes appropriate disclosure of events both recognized in the financial statements as of October 31, 2024, and events which occurred subsequently but were not recognized in the financial statements. During the period, there was no subsequent event that required recognition or disclosure.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Oct. 31, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation   The accompanying unaudited condensed consolidated financial statements as of and for the three months ended October 31, 2024, and 2023, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended October 31, 2024, are not necessarily indicative of the results that may be expected for the year ending July 31, 2025. The Condensed Consolidated Balance Sheets information as of October 31, 2024, was derived from the Company’s audited Consolidated Financial Statements as of and for the year ended July 31, 2024, included in the Company’s Annual Report on Form 10-K filed with the SEC on November 12, 2024. These financial statements should be read in conjunction with that report.
Basis of consolidation	Basis of consolidation   The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.
Use of estimates	Use of estimates   Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Revenue recognition	Revenue recognition   The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.   Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.
Cost of revenue	Cost of revenue   Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.
Cash and cash equivalents	Cash and cash equivalents   Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Property, plant and equipment	Property, plant and equipment   Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:    SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE Classification   Estimated useful life Leasable equipment   5 years Office equipment   3 years   Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Impairment of long-live assets	Impairment of long-live assets   Long-lived assets primarily include trademark of the Company. In accordance with the provision of ASC Topic 360, Impairment or Disposal of Long-Lived Assets, the Company generally conducts its annual impairment evaluation to its long-lived assets, usually in the fourth quarter of each fiscal year, or more frequently if indicators of impairment exist, such as significant sustained change in the business climate. The recoverability of long-lived assets is measured at the lowest level group. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset.
Leases	Leases   The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.   The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.   In determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments
Inventories	Inventories   Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Consolidated Statements of Operations and Comprehensive Loss.
Income taxes	Income taxes   Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.   ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.   The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.
Going concern	Going concern   The accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.   For the period ended October 31, 2024, the Company incurred a net loss of $15,685. As of October 31, 2024, the Company suffered an accumulated deficit of $2,499,728, capital deficiency of $663,485 and negative operating cash flows of $762. The Company’s ability to continue as a going concern is dependent upon improving the profitability and the continuing financial support from its shareholders and director. Management believes the existing shareholders, director or external financing will provide the additional cash to meet the Company’s obligations as they become due.   These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Net loss per share	Net loss per share   The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings Per Share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.
Foreign currencies translation	Foreign currencies translation   Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Consolidated Statements of Operations and Comprehensive loss.   The functional currency of the parent Company is United States dollar and the functional currency of the subsidiaries MU Worldwide Group Limited (Seychelles) and MU Global Holding Limited (Hong Kong) is United States dollar.   The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.   In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive loss within the statements of stockholders’ equity.   Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION     As of and for the three months ended October 31       2024     2023   Period-end RMB : US$1 exchange rate     7.12       7.29   Period-average RMB : US$1 exchange rate     7.10       7.26   Period-end HK$ : US$1 exchange rate     7.77       7.82   Period-average HK$ : US$1 exchange rate     7.79       7.83   Period-end TWD : US$1 exchange rate     31.95       32.49   Period-average TWD : US$1 exchange rate     32.10       32.04
Related parties	Related parties   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.     VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Fair value of financial instruments	Fair value of financial instruments:   The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments.   The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:   Level 1: Observable inputs such as quoted prices in active markets;   Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and   Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Recent accounting pronouncements	Recent accounting pronouncements   The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued.   In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.   In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024.   Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	3 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF COMPANY’S SUBSIDIARY	Details of the Company’s subsidiaries:   SCHEDULE OF COMPANY’S SUBSIDIARY   Company name   Place and date of incorporation   Particulars of issued capital   Principal activities                 1. MU Worldwide Group Limited   Seychelles, June 7, 2018   100 shares of ordinary share of US$1 each   Investment holding                 2. MU Global Holding Limited   Hong Kong, January 30, 2018   1 ordinary share of HK$1   Providing SPA and Wellness service in Hong Kong

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Oct. 31, 2024
Accounting Policies [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE Classification   Estimated useful life Leasable equipment   5 years Office equipment   3 years
SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION	Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION     As of and for the three months ended October 31       2024     2023   Period-end RMB : US$1 exchange rate     7.12       7.29   Period-average RMB : US$1 exchange rate     7.10       7.26   Period-end HK$ : US$1 exchange rate     7.77       7.82   Period-average HK$ : US$1 exchange rate     7.79       7.83   Period-end TWD : US$1 exchange rate     31.95       32.49   Period-average TWD : US$1 exchange rate     32.10       32.04

v3.24.3

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	Property, plant and equipment as of October 31, 2024 are summarized below:  SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT      As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)                 Office equipment   $ 28,862     $ 28,862   Leasable equipment     37,384       37,384   Total     66,246       66,246   Accumulated depreciation1   $ (25,014 )   $ (25,014 ) Impairment     (41,232 )     (41,232 ) Property, plant and equipment, net   $ -     $ -     1 For the period ended October 31, 2024 and October 31, 2023, depreciation expense was $0 and $0 respectively.
SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT      As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Proceed from disposal of property, plant and equipment   $         -     $ 6,529   Disposal of equipment impaired at net book value     -       (3,517 ) Total gain on disposal   $ -     $ 3,012

v3.24.3

PATENT AND TRADEMARK (Tables)	3 Months Ended
	Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF PATENT AND TRADEMARK	SCHEDULE OF PATENT AND TRADEMARK      As of     As of       October 31, 2024     July 31, 2024       (Unaudited)     (Audited)   Patent and trademark1   $ 35,285     $ 35,285   Accumulated amortization     (6,240 )     (6,240 ) Impairment     (29,045 )     (29,045 ) Patent and trademark, net   $ -     $ -     1 The patents and trademarks are held under the Company’s subsidiary in Hong Kong.

v3.24.3

PREPAYMENT AND DEPOSIT (Tables)	3 Months Ended
	Oct. 31, 2024
Prepayment And Deposit
SCHEDULE OF PREPAYMENTS AND DEPOSITS	SCHEDULE OF PREPAYMENTS AND DEPOSITS     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Prepayment   $ 2,100     $ 3,150   Deposit     1,800       1,800   Total prepayment and deposit   $ 3,900     $ 4,950       VANGUARD GREEN INVESTMENT LIMITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2024 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	3 Months Ended
	Oct. 31, 2024
Payables and Accruals [Abstract]
SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES	SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Other payables   $ 38,289     $ 37,584   Accrued audit fees     15,000       15,000   Accrued professional fees     11,000       5,180   Total other payables and accrued liabilities   $ 64,289     $ 57,764

v3.24.3

AMOUNT DUE TO RELATED PARTIES (Tables)	3 Months Ended
	Oct. 31, 2024
Amount Due To Related Parties
SCHEDULE OF DUE TO RELATED PARTIES	SCHEDULE OF DUE TO RELATED PARTIES     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Hsieh, Chang-Chung1   $ 93,176     $ 93,176   Tien Mu International Co., Ltd2     3,337       3,337     $ 96,513     $ 96,513     1 Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.   2 Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

v3.24.3

LOAN FROM THIRD PARTY (Tables)	3 Months Ended
	Oct. 31, 2024
Loan From Third Party
SCHEDULE OF LOAN FROM THIRD PARTY	SCHEDULE OF LOAN FROM THIRD PARTY     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Shang Hai Shi Ba Enterprise Management Centre   $ 135,775     $ 131,835   Total loan from third party   $ 135,775     $ 131,835

v3.24.3

LOAN FROM DIRECTOR (Tables)	3 Months Ended
	Oct. 31, 2024
Loan From Director
SCHEDULE OF LOAN FROM DIRECTOR	SCHEDULE OF LOAN FROM DIRECTOR     As of October 31, 2024     As of July 31, 2024       (Unaudited)     (Audited)   Current   $ 263,561     $ 262,834   Non-current     117,479       114,071   Total loan from Director   $ 381,040     $ 376,905

v3.24.3

INCOME TAXES (Tables)	3 Months Ended
	Oct. 31, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF LOSS BEFORE INCOME TAX	For the three months ended October 31, 2024 and October 31, 2023, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following:   SCHEDULE OF LOSS BEFORE INCOME TAX                   Three months ended October 31       2024     2023 (Restated)   Tax jurisdictions from:                 Local   $ (15,649 )   $ (11,949 ) Foreign, representing                 - Seychelles     -       -   - Hong Kong     (36 )     1,537   - Shanghai     -       -   Foreign     -       -   Loss before income tax   $ (15,685 )   $ (10,412 )
SCHEDULE OF PROVISION FOR INCOME TAXES	The provision for income taxes consisted of the following:   SCHEDULE OF PROVISION FOR INCOME TAXES     For the period ended October 31, 2024     For the period ended October 31, 2023   Current:                 - Local   $      -     $      -   - Foreign     -       -   Deferred:                 - Local     -       -   - Foreign     -       -                     Income tax expense   $ -     $ -

v3.24.3

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Oct. 31, 2024
Related Party Transactions [Abstract]
SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY	For the period ended October 31, 2024 the Company has following transactions with related parties:   SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY     For the period ended October 31, 2024 (Unaudited)     For the year ended July 31, 2024 (Audited)   Professional fee:                 - Related party A   $ 2,500     $ 14,700   Professional fee   $ 2,500     $ 14,700                                       Total   $ 2,500     $ 14,700

v3.24.3

SEGMENT INFORMATION (Tables)	3 Months Ended
	Oct. 31, 2024
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT REPORTING INFORMATION	The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below: SCHEDULE OF SEGMENT REPORTING INFORMATION By Geography:                                 For the period ended October 31, 2024       Nevada     Seychelles     Hong Kong     Total                             Revenue   $ -     $         -     $ -   - $ -   Cost of revenue     -       -       -       -   Other income     -       -       3       3   General and administrative expenses     (15,649 )     -       (39 )     (15,688 ) Net loss before taxation     (15,649 )     -       (36 )     (15,685 )                                   Total assets   $ 2,100     $ 1     $ 13,816   - $ 15,917                                         For the period ended October 31, 2023 (Restated)       Nevada     Seychelles     Hong Kong     China     Total                                   Revenue   $ -     $         -     $ -     $ -     $ -   Cost of revenue     -       -       -       -       -   Other income     -       -       3,013       -       3,013   General and administrative expenses     (11,949 )     -       (1,476 )     -       (13,425 ) Net (loss)/income before taxation     (11,949 )     -       1,537       -       (10,412 )                                           Total assets   $ 2,100     $ 1     $ 2,663     $ 9,956     $ 14,720

v3.24.3

SCHEDULE OF COMPANY’S SUBSIDIARY (Details)	3 Months Ended
	Oct. 31, 2024
MU Worldwide Group Limited [Member]
Place and date of incorporation	Seychelles, June 7, 2018
Particulars of issued capital	100 shares of ordinary share of US$1 each
Principal activities	Investment holding
MU Global Holding Limited [Member]
Place and date of incorporation	Hong Kong, January 30, 2018
Particulars of issued capital	1 ordinary share of HK$1
Principal activities	Providing SPA and Wellness service in Hong Kong

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative) - USD ($)	Jul. 30, 2024	Jun. 29, 2018
Purchase Agreement [Member] | MU Global Health Management Shanghai Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Purchase price consideration	$ 11,975.00
MU Worldwide Group Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Acquired interest for private limited liability		100.00%

v3.24.3

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE (Details)	Oct. 31, 2024
Leasable Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years

v3.24.3

SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION (Details)	Oct. 31, 2024	Oct. 31, 2023
Period End RMB : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.12	7.29
Period Average RMB : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.10	7.26
Period End HK : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.77	7.82
Period Average HK : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.79	7.83
Period End TWD : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	31.95	32.49
Period-Average TWD : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	32.10	32.04

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Accounting Policies [Abstract]
Income tax description for likelihood	tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts
Net loss	$ 15,685	$ 10,412
Accumulated deficit	2,499,728		$ 2,484,043
Capital deficiency	663,485	602,782	$ 647,800	$ 583,975
Net cash provided by used in operating activities	$ 762	$ 19,111

v3.24.3

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)		Oct. 31, 2024	Jul. 31, 2024
Property, Plant and Equipment [Line Items]
Total		$ 66,246	$ 66,246
Accumulated depreciation	[1]	(25,014)	(25,014)
Impairment		(41,232)	(41,232)
Property, plant and equipment, net
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total		28,862	28,862
Leasable Equipment [Member]
Property, Plant and Equipment [Line Items]
Total		$ 37,384	$ 37,384
[1] For the period ended October 31, 2024 and October 31, 2023, depreciation expense was $0 and $0 respectively.

v3.24.3

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) (Parenthetical) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 0	$ 0

v3.24.3

SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2024	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Proceed from disposal of property, plant and equipment		$ 6,529
Disposal of equipment impaired at net book value		(3,517)
Total gain on disposal		$ 3,012

v3.24.3

SCHEDULE OF PATENT AND TRADEMARK (Details) - USD ($)		Oct. 31, 2024	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Patent and trademark	[1]	$ 35,285	$ 35,285
Accumulated amortization		(6,240)	(6,240)
Impairment		(29,045)	(29,045)
Patent and trademark, net
[1] The patents and trademarks are held under the Company’s subsidiary in Hong Kong.

v3.24.3

PATENT AND TRADEMARK (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0	$ 0

v3.24.3

SCHEDULE OF PREPAYMENTS AND DEPOSITS (Details) - USD ($)	Oct. 31, 2024	Jul. 31, 2024
Prepayment And Deposit
Prepayment	$ 2,100	$ 3,150
Deposit	1,800	1,800
Total prepayment and deposit	$ 3,900	$ 4,950

v3.24.3

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Oct. 31, 2024	Jul. 31, 2024
Payables and Accruals [Abstract]
Other payables	$ 38,289	$ 37,584
Accrued audit fees	15,000	15,000
Accrued professional fees	11,000	5,180
Total other payables and accrued liabilities	$ 64,289	$ 57,764

v3.24.3

SCHEDULE OF DUE TO RELATED PARTIES (Details) - USD ($)		Oct. 31, 2024	Jul. 31, 2024
Hsieh Chang Chung [Member]
Defined Benefit Plan Disclosure [Line Items]
Total amounts due to related parties	[1]	$ 93,176	$ 93,176
Tien Mu International Co Ltd [Member]
Defined Benefit Plan Disclosure [Line Items]
Total amounts due to related parties	[2]	3,337	3,337
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total amounts due to related parties		$ 96,513	$ 96,513
[1] Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022. [2] Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

v3.24.3

SCHEDULE OF LOAN FROM THIRD PARTY (Details) - USD ($)	Oct. 31, 2024	Jul. 31, 2024
Shang Hai Shi Ba Enterprise Management Centre [Member]
Defined Benefit Plan Disclosure [Line Items]
Total loan from third party	$ 135,775	$ 131,835
Third Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total loan from third party	$ 135,775	$ 131,835

v3.24.3

SCHEDULE OF LOAN FROM DIRECTOR (Details) - Director [Member] - USD ($)	Oct. 31, 2024	Jul. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Current	$ 263,561	$ 262,834
Non-current	117,479	114,071
Total loan from Director	$ 381,040	$ 376,905

v3.24.3

SCHEDULE OF LOSS BEFORE INCOME TAX (Details) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Local	$ (15,649)
Loss before income tax	(15,685)	$ (10,412)
SEYCHELLES
Foreign
HONG KONG
Foreign	(36)
CHINA
Foreign
Previously Reported [Member]
Local		(11,949)
Loss before income tax		(10,412)
Previously Reported [Member] | SEYCHELLES
Foreign
Previously Reported [Member] | HONG KONG
Foreign		1,537
Previously Reported [Member] | CHINA
Foreign

v3.24.3

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Current:
- Local
- Foreign
Deferred:
- Local
- Foreign
Income tax expense

v3.24.3

INCOME TAXES (Details Narrative)	3 Months Ended
	Oct. 31, 2024 USD ($)
Effective Income Tax Rate Reconciliation [Line Items]
Operating loss carryforwards	$ 887,625
Future taxable income	80.00%
Assets valuation	$ 710,100
HONG KONG
Effective Income Tax Rate Reconciliation [Line Items]
Statutory income tax rate	16.50%
CHINA
Effective Income Tax Rate Reconciliation [Line Items]
Statutory income tax rate	25.00%

v3.24.3

COMMON STOCK (Details Narrative) - USD ($)											3 Months Ended	4 Months Ended	12 Months Ended
	May 07, 2019	Jul. 31, 2018	Jul. 26, 2018	Jul. 25, 2018	Jul. 11, 2018	Jul. 10, 2018	Jul. 09, 2018	Jul. 07, 2018	Jul. 06, 2018	Jun. 04, 2018	Jul. 31, 2019	Dec. 13, 2018	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2024	Jul. 31, 2024
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued																59,434,838	59,434,838
Common stock, shares outstanding																59,434,838	59,434,838
Server Intl Co Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued									11,000,000
GreenPro Asia Strategic SPC [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued							2,835,000
GreenPro Venture Capital Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued							2,165,000
GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares							$ 0.0001
Number of restricted common stock issued, value							$ 500
Dezign Format Pte Ltd and Cheng Young-Chien [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued		2,000,000
Share issued price per shares		$ 0.20
Number of restricted common stock issued, value		$ 800,000
MU Global Holding Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued																59,434,838
Common stock, shares outstanding																59,434,838
Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued									25,000,000	100,000
Share issued price per shares										$ 0.0001
Number of restricted common stock issued, value										$ 10
Ms. Niu Yen-Yen and Server Int’l Co., Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares									$ 0.0001
Number of restricted common stock issued, value									$ 3,600
Chang Chun Ying [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued								4,300,000
Chang Su-Fen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued								5,000,000
Chang Chun-Ying and Chang Su-Fen [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares								$ 0.0001
Number of restricted common stock issued, value								$ 930
3 Non-US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued						2,150,000
Share issued price per shares						$ 0.0001
Number of restricted common stock issued, value						$ 215
3 Non-US Residents [Member] | Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred															395,000
Sale of stock transaction														6,800,000
8 Non-US Residents [Member] | Server Intl Co Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred						1,500,000
2 Non-US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued					710,000
Share issued price per shares					$ 0.03
Number of restricted common stock issued, value					$ 21,300
2 Non-US Residents [Member] | Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred														55,522
10 Non-US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued				995,000
Share issued price per shares				$ 0.03
Number of restricted common stock issued, value				$ 29,850
1 Non-US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued			250,000
Share issued price per shares			$ 0.20
Number of restricted common stock issued, value			$ 50,000
16 Non-US Residents [Member] | Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred												1,557,800
45 Accredited Investors [Member]
Subsidiary, Sale of Stock [Line Items]
Convertible promissory note issued on conversion	$ 779,125
Conversion price per share	$ 1
Convertible promissory note issued on conversion, shares	779,125
36 Non-US Residents [Member] | IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares											$ 1.00
Number of common stock issued											150,317
20 Non-US Residents [Member] | Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock transaction															3,364,921
5 Non-US Residents [Member] | Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock transaction													610,000

v3.24.3

SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY (Details) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2024	Jul. 31, 2024
Related Party Transaction [Line Items]
Total	$ 2,500	$ 14,700
Related Party A [Member]
Related Party Transaction [Line Items]
Professional fee	$ 2,500	$ 14,700

v3.24.3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2024	Jul. 31, 2024
Related Party A [Member]
Related Party Transaction [Line Items]
Professional fees	$ 2,500	$ 14,700

v3.24.3

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)	3 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Segment Reporting Information [Line Items]
Net (loss)/income before taxation	$ (15,685)	$ (10,412)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income	3	3,013
General and administrative expenses	(15,688)	(13,425)
Net (loss)/income before taxation	(15,685)	(10,412)
Total assets	15,917	14,720
Corporate Segment [Member] | NV [Member]
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income
General and administrative expenses	(15,649)	(11,949)
Net (loss)/income before taxation	(15,649)	(11,949)
Total assets	2,100	2,100
Corporate Segment [Member] | SEYCHELLES
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income
General and administrative expenses
Net (loss)/income before taxation
Total assets	1	1
Corporate Segment [Member] | HONG KONG
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income	3	3,013
General and administrative expenses	(39)	(1,476)
Net (loss)/income before taxation	(36)	1,537
Total assets	13,816	2,663
Corporate Segment [Member] | CHINA
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income
General and administrative expenses
Net (loss)/income before taxation
Total assets		$ 9,956

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