Tianci International Files 2024 10-K
Ticker: CIIT · Form: 10-K · Filed: Oct 22, 2024 · CIK: 1557798
| Field | Detail |
|---|---|
| Company | Tianci International, INC. (CIIT) |
| Form Type | 10-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $350,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, company-information
TL;DR
Tianci Intl (TCI) filed its 2024 10-K. Formerly Steampunk Wizards.
AI Summary
Tianci International, Inc. filed its 10-K for the fiscal year ending July 31, 2024. The company, formerly known as Steampunk Wizards, Inc. and Freedom Petroleum Inc., is incorporated in Nevada and operates in the computer communications equipment sector. Its principal business address is in Reno, Nevada.
Why It Matters
This filing provides a comprehensive overview of Tianci International's financial performance and business operations for the past fiscal year, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — The provided text is a header and basic company information from a 10-K filing, lacking detailed financial performance or forward-looking statements that would indicate significant risk.
Key Numbers
- 2024-07-31 — Fiscal Year End (Reporting period for the 10-K)
- 2024-10-22 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Tianci International, Inc. (company) — Filer
- Steampunk Wizards, Inc. (company) — Former company name
- FREEDOM PETROLEUM INC. (company) — Former company name
- 07312024 (date) — Fiscal year end
- Reno, NV (location) — Business address
FAQ
What is Tianci International, Inc.'s primary industry?
Tianci International, Inc. is classified under COMPUTER COMMUNICATIONS EQUIPMENT [3576].
When did Tianci International, Inc. change its name from Steampunk Wizards, Inc.?
The date of the name change from Steampunk Wizards, Inc. was 20150702.
What is the company's state of incorporation?
The company is incorporated in Nevada (NV).
What is the business address of Tianci International, Inc.?
The business address is 401 RYLAND STREET, SUITE 200-A, RENO, NV 89502.
What was the previous name of Tianci International, Inc. before Steampunk Wizards, Inc.?
Before being Steampunk Wizards, Inc., the company was formerly known as FREEDOM PETROLEUM INC., with a name change date of 20120910.
Filing Stats: 4,327 words · 17 min read · ~14 pages · Grade level 13.1 · Accepted 2024-10-22 16:47:41
Key Financial Figures
- $350,000 — s common stock and paid a cash price of $350,000 (the " Share Exchange "). RQS United
Filing Documents
- tianci_i10k-073124.htm (10-K) — 1195KB
- tianci_ex3101.htm (EX-31.1) — 7KB
- tianci_ex3102.htm (EX-31.2) — 7KB
- tianci_ex3201.htm (EX-32.1) — 2KB
- tianci_ex3202.htm (EX-32.2) — 2KB
- image_001.gif (GRAPHIC) — 14KB
- image_001.jpg (GRAPHIC) — 22KB
- image_002.jpg (GRAPHIC) — 22KB
- image_003.jpg (GRAPHIC) — 18KB
- 0001683168-24-007300.txt ( ) — 5412KB
- ciit-20240731.xsd (EX-101.SCH) — 45KB
- ciit-20240731_cal.xml (EX-101.CAL) — 47KB
- ciit-20240731_def.xml (EX-101.DEF) — 180KB
- ciit-20240731_lab.xml (EX-101.LAB) — 308KB
- ciit-20240731_pre.xml (EX-101.PRE) — 282KB
- tianci_i10k-073124_htm.xml (XML) — 588KB
FORWARD-LOOKING STATEMENTS: NO ASSURANCES INTENDED
FORWARD-LOOKING STATEMENTS: NO ASSURANCES INTENDED This Annual Report contains certain forward-looking that we expect or anticipate will occur in the future are forward-looking statements. These statements represent Management's best estimate of what will happen. Nevertheless, there are numerous risks and uncertainties that could cause our actual results to differ dramatically from the results suggested in this Report, including the contingencies described in this Report under Item 1A titled "Risk Factors". Because these and other risks may cause the Company's actual results to differ from those anticipated by Management, the reader should not place undue reliance on any forward-looking statements that appear in this Report. i PART 1
Business
Item 1. Business The Share Exchange On March 6, 2023 Tianci International, Inc. ( "Tianci" ), which had previously been a shell corporation with no business operations, completed a share exchange with RQS Capital Limited ( "RQS Capital" ), in which RQS Capital transferred all of the issued and outstanding capital stock of RQS United Group Limited ( "RQS United" ) to Tianci, and Tianci issued to RQS Capital 1,500,000 shares of its common stock and paid a cash price of $350,000 (the " Share Exchange "). RQS United is a holding company incorporated in the Republic of Seychelles. RQS United has no operations other than holding 90% of the share capital of its subsidiary, Roshing International Co., Limited, a company organized under the laws of Hong Kong ( " Roshing " ). Shufang Gao and Ying Deng, who are officers and members of Tianci's Board of Directors are also officers and directors of Roshing. Ying Deng owns the 10% of Roshing that is not owned by RQS United. The Share Exchange was accounted for as a "reverse acquisition" effected as a recapitalization, wherein RQS United was considered the acquirer for accounting and financial reporting purposes. The assets and liabilities of the acquired entity have been brought forward at their book value and no goodwill has been recognized on Tianci's financial statements. Overview The Company, through Roshing, provides global logistics services, encompassing booking and transportation arrangement and related logistics solutions. Roshing's customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agent