GUOCHUN INTERNATIONAL INC. Files 10-Q for Q1 2024

TL;DR

GUOCHUN INTERNATIONAL INC. 10-Q filed for Q1 2024. Financials and operations update.

AI Summary

GUOCHUN INTERNATIONAL INC. filed its 10-Q for the period ending March 31, 2024. The company, formerly known as Charmt, Inc., is incorporated in Nevada and operates in computer programming and data processing services. Its principal executive offices are located in Miami, Florida.

Why It Matters

This filing provides investors with an update on GUOCHUN INTERNATIONAL INC.'s financial performance and operational status for the first quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.

Key Players & Entities

• GUOCHUN INTERNATIONAL INC. (company) — Filer of the 10-Q
• Charmt, Inc. (company) — Former name of GUOCHUN INTERNATIONAL INC.
• 20240331 (date) — End of the reporting period
• 20240528 (date) — Filing date
• Miami, Florida (location) — Business and mailing address

FAQ

Key Financial Figures

• $0 — there were 3,870,600 shares, par value $0.0001, of the registrant's common stock
• $76,535 — Gediminas Knyzelis agreed to waive the $76,535 amount due to him at June 27, 2022 and
• $11,494 — no revenues and incurred a net loss of $11,494 . These factors raise substantial doub
• $7,365 — ed of operating expenses of $11,494 and $7,365, respectively, resulting in net losses
• $4,490 — t cash used in operating activities was $4,490, compared to net cash used in operating
• $6,000 — et cash used in operating activities of $6,000 for the three months ended March 31, 20

Filing Documents

• gcgj_form10q20240331upd.htm (10-Q) — 182KB
• ex31.htm (EX-31.1) — 9KB
• ex32.htm (EX-32.1) — 5KB
• 0001765048-24-000020.txt ( ) — 1101KB
• none-20240331.xsd (EX-101.SCH) — 9KB
• none-20240331_cal.xml (EX-101.CAL) — 14KB
• none-20240331_def.xml (EX-101.DEF) — 10KB
• none-20240331_lab.xml (EX-101.LAB) — 87KB
• none-20240331_pre.xml (EX-101.PRE) — 62KB
• gcgj_form10q20240331upd_htm.xml (XML) — 73KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS: F-1 Condensed Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 F-1 Condensed Statements of Operations and Comprehensive Loss for the three months ended March 31, 2024 and 2023 (unaudited) F-2 Condensed Statements of Changes in Stockholders' Deficit for the three months ended March 31, 2024 and 2023 (unaudited) F-3 Condensed Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (unaudited) F-4 Notes to the Condensed Financial Statements F-5 – F-7 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 QUALITATIVED IS CLOSURES ABOUT MARKET RISK 3 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 3 PART II OTHER INFORMATION 4 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 4 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 4 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 4 ITEM 4 MINE SAFETY DISCLOSURES 4 ITEM 5 OTHER INFORMATION 4 ITEM 6 EXHIBITS 4

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial statements

Item 1. Financial statements GUOCHUN INTERNATIONAL INC. CONDENSED BALANCE SHEETS AS OF MARCH 31, 2024 AND DECEMBER 31, 2023 (Currency expressed in United States Dollars ("US

Management's Discussion and Analysis

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with the audited financial statements and related notes in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 that is filed on April 16, 2024. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Report. Our audited financial BUSINESS OVERVIEW To June 27, 2022, the Company was developing a new kind of messenger. Guochun's app was intended to be a unique product with high production value and high revenue potential. It was going to be developed and published on both original and licensed IP. As the result of the change in control transaction on June 27, 2022, the Company assigned the software acquired by the Company on March 17, 2022 to Gediminas Knyzelis, the former sole officer and director. As a result of the ownership and management change described above, the Company ceased its former business plans on June 27, 2022, and is keep searching for business opportunities to acquire since then. As of the issuance date of this filing, no new business acquisition has occurred. Results of Operations For the three months ended March 31, 2024 and 2023, respectively During the three months ended March 31, 2024 and 2023, the Company generated zero revenues, respectively. The operating expenses for the same periods were comprised of operating expenses of $11,494 and $7,365, respectively, resulting in net losses of $11,494 and $7,365 for the three months ended March 31, 20

Quantitative and Qualitative 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.

Controls and Procedures

Item 4. Controls and Procedures. Evaluation of Disclosure Controls and Procedures Disclosure controls and procedures are controls and other procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our Certifying Officer or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. We conducted 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 March 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 March 31, 2024, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting. Material Weakness 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 March 31, 2024, our disclosure controls and procedures were not effective: (i) lack of a functioning audit committee due to a lack of a majority

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings. We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding 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.

Risk Factors

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.

Unregistered Sales of Equity Securities

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. None.

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. None.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. Not applicable.

Other Information

Item 5. Other Information. None.

Exhibits

ITEM 6. Exhibits The following exhibits are included as part of this report by reference: Exhibit No. Description 31.1 Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 32.1 Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* 101.INS Inline XBRL Instance Document 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Act of 1934, as amended, the registrant has duly caused this quarterly report to be signed on its behalf by the undersigned, thereunto duly authorized. GUOCHUN INTERNATIONAL INC. (Name of Registrant) Date: May 28, 2024 By: /s/ ZHOU XUAN Title: Chief Executive Officer Director 4

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