Entrepreneur Universe Bright Group Files 10-Q for Q3 2024

TL;DR

EUBG filed its Q3 10-Q. Financials and operations update.

AI Summary

Entrepreneur Universe Bright Group filed its 10-Q for the quarterly period ended September 30, 2024. The company, incorporated in Nevada, is primarily involved in management consulting services. Its principal executive offices are located in Xi'an, China.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Entrepreneur Universe Bright Group for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new disclosures.

Key Numbers

• 20240930 — Quarter End Date (The report covers the period ending on this date.)
• 20241113 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• ENTREPRENEUR UNIVERSE BRIGHT GROUP (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• Nevada (jurisdiction) — State of incorporation
• 86-400-6087979 (phone_number) — Business phone number
• 000-56305 (filing_number) — SEC Commission File Number

FAQ

Key Financial Figures

• $12.9 million — ing, our PRC subsidiary has distributed $12.9 million (net of withholding tax at $1,4 million
• $1,4 million — 12.9 million (net of withholding tax at $1,4 million charged at a rate of 10% of the declare
• $0.0013 — red a special one-time cash dividend of $0.0013 per share of EUBG's common stock, total

Filing Documents

• ea0219740-10q_entrepreneur.htm (10-Q) — 763KB
• ea021974001ex31-1_entrep.htm (EX-31.1) — 10KB
• ea021974001ex32-1_entrep.htm (EX-32.1) — 4KB
• 0001213900-24-097456.txt ( ) — 4585KB
• eubg-20240930.xsd (EX-101.SCH) — 39KB
• eubg-20240930_cal.xml (EX-101.CAL) — 41KB
• eubg-20240930_def.xml (EX-101.DEF) — 190KB
• eubg-20240930_lab.xml (EX-101.LAB) — 336KB
• eubg-20240930_pre.xml (EX-101.PRE) — 196KB
• ea0219740-10q_entrepreneur_htm.xml (XML) — 574KB

- Financial Information

PART I - Financial Information F-1 ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited) F-1 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 1 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 6

- Other Information

PART II - Other Information 7 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 7 ITEM 1A.

RISK FACTORS

RISK FACTORS 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 7

SIGNATURES

SIGNATURES 8 i NOTE Entrepreneur Universe Bright Group, a Nevada corporation ("EUBG" or the "Company"), is not a Chinese operating company but a Nevada holding company. As a holding company with no material operations of our own, EUBG conducts all of its operations through its subsidiaries in Hong Kong and in the People's Republic of China ("PRC" or "China"). Therefore our shareholders will not directly hold any equity interests in our Chinese operating subsidiaries. Unless otherwise mentioned or unless the context requires otherwise, when used in this Quarterly Report on Form 10-Q (the "Form 10-Q"), the terms "we," "us," and "our" refer to EUBG and its consolidated subsidiaries, or any one or more of them as the context may require, "HK subsidiary" refers to Entrepreneurship World Technology Holding Group Company Limited, our wholly-owned subsidiary and a Hong Kong limited company, and "PRC subsidiary" refers to Xi'an Yunchuang Space Information Technology Co., Ltd., f/k/a Entrepreneurship World Consultants Limited, a wholly-foreign owned Chinese subsidiary of HK subsidiary. EUBG is a holding company for its operating subsidiaries. We currently do not, and we do not plan to use variable interest entities ("VIE") to execute our business plan or to conduct our China-based operations. We do not have any contractual arrangements between the holding company, the HK subsidiary, and the PRC subsidiary. EUBG is a Nevada holding company and does not have any substantive operations other than directly or indirectly holding the equity interest in our operating subsidiaries in Hong Kong and China. Therefore our shareholders will not directly hold any equity interests in our Chinese operating subsidiaries. Our holding company structure involves unique risks to investors. Chinese regulatory authorities could disallow our corporate structure, which would likely result in a material change in our operations and/or the value of the Company's common stock, including that it

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View this 10-Q filing on SEC EDGAR