Phoenix Plus Corp. Files 10-K/A Amendment

TL;DR

Phoenix Plus Corp. filed an amendment to its 2023 annual report. Check for updates.

AI Summary

Phoenix Plus Corp. filed an amendment (10-K/A) to its annual report for the fiscal year ended July 31, 2023. The company, incorporated in Nevada with its principal business address in Kuala Lumpur, Malaysia, operates in the construction special trade contractors sector. This filing is an amendment to their previous report.

Why It Matters

This filing indicates that Phoenix Plus Corp. is updating or correcting information previously submitted in its annual report, which could contain material details about its financial performance or business operations.

Risk Assessment

Risk Level: low — This is a routine amendment to an annual report, not indicating new negative events.

Key Numbers

• 20230731 — Fiscal Year End (The period covered by the annual report.)
• 20240521 — Filing Date (The date the amendment was filed with the SEC.)

Key Players & Entities

• Phoenix Plus Corp. (company) — Registrant
• July 31, 2023 (date) — Fiscal year end
• Nevada (jurisdiction) — State of incorporation
• Kuala Lumpur, Malaysia (location) — Business address
• 333-233778 (company) — SEC file number

FAQ

Key Financial Figures

• $0.0001 — ach Class Common Stock with par value $0.0001 Indicate by check mark if the registr
• $0.01 — he registrant's common stock, par value $0.01 per share, outstanding as of May 20, 20

Filing Documents

• form10-ka.htm (10-K/A) — 69KB
• 0001493152-24-020808.txt ( ) — 285KB
• pxpc-20230731.xsd (EX-101.SCH) — 3KB
• pxpc-20230731_lab.xml (EX-101.LAB) — 36KB
• pxpc-20230731_pre.xml (EX-101.PRE) — 24KB
• form10-ka_htm.xml (XML) — 7KB

Controls and Procedures

Controls and Procedures. Disclosure

Controls and Procedures

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 July 31, 2023. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer. Based upon that evaluation, our Chief Executive Officer concluded that, as of July 31, 2023, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting. Internal Control Over Financial Reporting Our management, mainly our chief executive officer, is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, the company's chief executive officer and effected by the company's board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that: Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company; Provide reasonable assurance that transactions are recorded as necessary to permit preparation of

financial statements in accordance with accounting principles generally accepted in the United

financial statements in accordance with accounting principles generally accepted in the United accordance with authorizations of management and directors of the company; and Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company's assets that could have a material effect on the

financial statements

financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect all misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk. As of July 31, 2023, our management, mainly our chief executive officer, assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on such evaluation, the Company's management concluded that, during the period covered by this Report, internal controls and procedures over financial reporting were not effective. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses. 1 Identified Material Weakness A material weakness is a deficiency, or a combination of deficiencies, in internal control over fi

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. Date: May 20, 2024 By: /s/ LEE CHONG CHOW Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following person on behalf of the Registrant and in the capacities and on the dates indicated. Signature Title Date /s/ LEE CHONG CHOW Chief Executive Officer and Director May 20, 2024 Lee Chong Chow (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) 3

View Full Filing

View this 10-K/A filing on SEC EDGAR