Zhanling International Ltd (ZLME), a development-stage company targeting a merger or acquisition with a private entity, reported a $6,597 net loss for the three months ended August 31, 2026, versus $8,126 in the same 2025 period. It reported no revenue in either period; general and administrative expense was $6,597 versus $8,126.
At August 31, 2026, assets were $3,404, liabilities $63,040 and stockholders’ deficit $59,636; the company had no cash. Parties paid $12,368 of expenses and prepayments on its behalf as non-cash financing activity: $11,972 from Chief Executive Officer YongQing Liu and $396 from non-related party Shao Xinli. Creditors agreed not to demand repayment of related-party balances of $53,668 and non-related-party balances of $5,600 for at least 12 months from issuance, until company resources permit. Liu, also Chief Financial Officer, President and Chairman of the Board, undertook working-capital support for at least 12 months from issuance.
Management said the company had not commenced planned operations and that conditions raised substantial doubt about its ability to continue as a going concern. It plans to seek additional capital through private placements. Disclosure controls were ineffective as of August 31, 2026, with inadequate segregation of duties identified as a material weakness.
Zhanling International Limited (ZLME), a Nevada corporation with executive offices in Hong Kong and planned operations in China, filed its annual report for the fiscal year ended May 31, 2026. The company has had no revenue since inception and is focused on identifying and acquiring a target business, primarily in China.
For 2026, Zhanling reported a net loss of $38,486, cash used in operating activities of $41,303, a working capital deficiency of $6,139, shareholders’ deficit of $53,039, and an accumulated deficit of $468,553. Operations are being funded by the CEO and related parties, treated as deemed capital contributions. Management states there is substantial doubt about the company’s ability to continue as a going concern without new capital.
The company effected a 1‑for‑50 reverse stock split in March 2022; common shares outstanding increased from 73,200 at May 31, 2025 to 3,441,000 at May 31, 2026, with 55 holders of record. Zhanling plans a direct-holding structure with future PRC subsidiaries and highlights extensive China-related legal, regulatory, FX, tax and data/cybersecurity risks, including potential impacts of the Holding Foreign Companies Accountable Act. Internal control over financial reporting was deemed ineffective, with material weaknesses in lack of an audit committee, written policies, and IT controls.
Zhanling International Limited remains a development-stage Nevada company with no revenue and ongoing losses. For the nine months ended February 28, 2026, it recorded a net loss of $26,866, slightly higher than the $24,161 loss a year earlier, driven mainly by professional fees.
As of February 28, 2026, the company had no cash, total assets of $5,506 (all prepayments), total liabilities of $46,925, an accumulated deficit of $456,933 and a stockholders’ deficit of $41,419. Operations were funded by $33,396 in related-party advances and $4,808 from a non-related party, plus issuing 3,367,800 shares to settle $33,678 of payables.
Management states that these conditions raise substantial doubt about the company’s ability to continue as a going concern and plans to rely on private placements and director loans. Disclosure controls were deemed not effective due to material weaknesses in segregation of duties. As of April 13, 2026, there were 3,441,000 common shares outstanding.
Zhanling International Limited, a Nevada-based development-stage company seeking a merger or acquisition, reported another quarter with no revenue for the three and six months ended November 30, 2025. Operating expenses were modest professional fees, leading to a net loss of $11,053 for the quarter and $19,179 for the six-month period.
As of November 30, 2025, the company had total assets of $9,130, entirely in prepayments, no cash, total liabilities of $42,862 and a stockholders’ deficit of $33,732, reflecting an accumulated deficit of $449,246. To improve its balance sheet, it issued 3,441,000 common shares during the six months to settle $33,678 of payables, including 3,298,500 shares to its Chief Executive Officer in exchange for $32,985 of related-party debt and 69,300 shares to a non-related creditor for $693.
Operations are funded by advances from related and non-related parties rather than internal cash, and management acknowledges substantial doubt about the company’s ability to continue as a going concern. The company also reports material weaknesses in internal control over financial reporting, primarily inadequate segregation of duties, as it continues to seek additional capital and a viable business combination.
Zhanling International Limited (ZLME) reported its quarterly results for the period ended August 31, 2025. The company recorded no revenue and a net loss of $8,126, driven by general and administrative expenses of $8,126 (up from $5,970 a year ago). Operating cash outflow was $14,319, offset by $14,319 of financing inflows, mainly advances from the CEO and a non‑related party.
The company executed a debt-for-equity conversion, issuing 3,441,000 shares during the quarter to settle $33,678 of payables, including 3,298,500 shares to the CEO in settlement of $32,985 and 69,300 shares to a non‑related party for $693. As of October 13, 2025, 3,441,000 common shares were outstanding. Stockholders’ deficit improved to $(22,679) from $(48,231), and liabilities declined, though the company reported no cash on hand at quarter end.
Management disclosed a going concern uncertainty and identified a material weakness in internal controls (inadequate segregation of duties). The business remains a development-stage company focused on identifying a merger or acquisition target.