Zhanling International flags going-concern warning

Management cited creditor repayment commitments and CEO working-capital support while stating conditions raised substantial doubt about continued operations.

Rhea-AI Filing Summary

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.

1 point · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

2 major · 2 points

How the balance works

Positive

• Minor pointQuarterly net loss narrowed to $6,597 from $8,126 a year earlier.

Negative

• Major pointGoing-concern conditions raised substantial doubt about the company’s ability to continue.
• Major pointInadequate segregation of duties left disclosure controls ineffective as of August 31, 2026.

Filing Explained

For the quarter ended August 31, 2026, Zhanling’s common-share count remained 3,441,000, and the filing reports no unregistered equity sales; the planned private placement is prospective, so no new share dilution is reported for this quarter.

Key Figures

Net loss: $6,597 Revenue: $0 Total liabilities: $63,040 +4 more

7 metrics

Net loss $6,597 Three months ended August 31, 2026

Revenue $0 No revenue for the three months ended August 31, 2026

Total liabilities $63,040 As of August 31, 2026

Stockholders’ deficit $59,636 As of August 31, 2026

Accumulated deficit $475,150 As of August 31, 2026

Cash $0 As of August 31, 2026

Common shares outstanding 3,441,000 shares As of October 12, 2026

Key Terms

going concern, non-cash financing activities, material weakness, accumulated deficit

4 terms

going concern financial

"the use of going concern basis in the preparation"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

non-cash financing activities financial

"These transactions were non-cash financing activities"

material weakness financial

"A material weakness is a deficiency"

A material weakness is a significant flaw in the systems and checks a company uses to ensure its financial reports are accurate, meaning errors or fraud could happen and not be caught. For investors it matters because it raises the risk that reported results are unreliable—similar to finding a hole in a ship’s hull—potentially leading to corrected financials, regulatory action, reduced trust, and negative effects on stock value and borrowing costs.

accumulated deficit financial

"had an accumulated deficit of $475,150"

Accumulated deficit is the running total of a company’s past net losses minus any profits, showing how much the business has eaten into its own funds over time—think of it like a bank account that’s been overdrawn by repeated shortfalls. It matters to investors because a large accumulated deficit reduces the cushion that protects owners and creditors, can limit dividends or borrowing, and signals how much funding the company may need to reach profitability.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were ZLME’s results for the quarter ended August 31, 2026?

Zhanling reported a $6,597 net loss and no revenue for the three months ended August 31, 2026. General and administrative expense was $6,597, compared with $8,126 in the same 2025 period; net loss in 2025 was $8,126.

How many ZLME shares were outstanding?

Zhanling reported 3,441,000 shares of common stock outstanding as of October 12, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from_________to_________

Commission File No. 000-54301

ZHANLING INTERNATIONAL LIMITED

(Exact name of registrant as specified in its charter)

Nevada		88-0981710
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

Unit 305-306, 3/F., New East Ocean Centre,

No.9 Science Museum Road,

Tsim Sha Tsui,

Hong Kong 999077

(Address of principal executive offices, zip code)

Tel: +8618066819992

Email: zhanlingint@outlook.com

(Registrant’s telephone number, including area code)

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one):

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act): Yes ☒ No ☐

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12,13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

As of October 12, 2026, there were 3,441,000 shares of common stock, $0.001 par value per share, outstanding.

ZHANLING INTERNATIONAL LIMITED

QUARTERLY

REPORT ON FORM 10-Q FOR THE PERIOD

ENDED August 31, 2026

INDEX

			Page
Part I. Financial Information			4
	Item 1.	Financial Statements	4
		Condensed Balance Sheets (Unaudited) as of August 31, 2026 and May 31, 2026	4
		Condensed Statements of Operations (Unaudited) - Three months ended August 31, 2026 and 2025	5
		Condensed Statements of Stockholders’ Deficit (Unaudited) - Three months ended August 31, 2026 and 2025	6
		Condensed Statements of Cash Flows (Unaudited) - Three months ended August 31, 2026 and 2025	7
		Notes to Condensed Financial Statements (Unaudited) - Three months ended August 31, 2026 and 2025	8-12
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
	Item 4.	Controls and Procedures	15
Part II. Other Information			16
	Item 1.	Legal Proceedings	16
	Item 1A.	Risk Factors	16
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
	Item 3.	Defaults Upon Senior Securities	16
	Item 4.	Mine Safety Disclosures	16
	Item 5.	Other Information	16
	Item 6.	Exhibits	17
Signatures			18

2

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of Zhanling International Ltd, a Nevada corporation (the “Company”), contains “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results.

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward - looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

3

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED FINANCIAL STATEMENTS.

ZHANLING INTERNATIONAL LIMITED

CONDENSED BALANCE SHEETS

AS OF AUGUST 31, 2026 AND MAY 31, 2026

(Expressed in U.S. Dollars)

		August 31, 2026 -$-				May 31, 2026 -$-
			(Unaudited)				(Audited)
ASSET
Current asset
Prepayments			3,404				183
Total current asset			3,404				183
TOTAL ASSET			3,404				183
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Other payables and accrued liabilities			3,772				6,322
Due to related parties			53,668				-
Due to non-related parties			5,600				-
Due to parties			5,600				-
Total current liabilities			63,040				6,322
Non-current liabilities
Due to related parties			-				41,696
Due to non-related parties			-				5,204
Due to parties			-				5,204
Total non-current liabilities			-				46,900
TOTAL LIABILITIES			63,040				53,222
STOCKHOLDERS’ DEFICIT
Common stock
Authorized:
Common stocks, $0.001 par value, 500,000,000 shares authorized, 3,441,000 as of August 31, 2026 and May 31, 2026, respectively.			3,441				3,441
Additional paid-in capital			412,073				412,073
Accumulated deficit			(475,150	)			(468,553	)
TOTAL STOCKHOLDERS’ DEFICIT			(59,636	)			(53,039	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT			3,404				183

See accompanying notes to the condensed financial statements.

4

ZHANLING INTERNATIONAL LIMITED

CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED AUGUST 31, 2026 AND 2025

(Expressed in U.S. Dollars)

(Unaudited)

		Three months ended August 31,				Three months ended August 31,
		2026 -$-				2025 -$-
General and administrative			6,597				8,126
Loss from Operation			(6,597	)			(8,126	)
Net loss			(6,597	)			(8,126	)
Basic and diluted net loss per share			(0.00	)			(0.00	)
Weighted average number of shares outstanding			3,441,000				2,782,000

See accompanying notes to the condensed financial statements.

5

ZHANLING INTERNATIONAL LIMITED

CONDENSED STATEMENTS OF STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED AUGUST 31, 2026 AND 2025

(Expressed in U.S. Dollars)

Three months ended August 31, 2026

(Unaudited)

		Number				Amount				Capital				Deficit				Total
		Common Stock								Additional Paid-in				Accumulated
		Number				Amount				Capital				Deficit				Total
Balance, May 31, 2026			3,441,000			$	3,441			$	412,073			$	(468,553	)		$	(53,039	)
Net loss			-				-				-				(6,597	)			(6,597	)
Balance, August 31, 2026			3,441,000			$	3,441			$	412,073			$	(475,150	)		$	(59,636	)

Three months ended August 31, 2025

(Unaudited)

		Common Stock								Additional Paid-in				Accumulated				Total shareholders’
		Number				Amount				Capital				Deficit				deficit
Balance, May 31, 2025			73,200			$	73			$	381,763			$	(430,067	)		$	(48,231	)
Net loss			-				-				-				(8,126	)			(8,126	)
Capital contribution due to conversion of related party payable into equity			3,298,500				3,299				29,686				-				32,985
Capital contribution due to conversion of non-related party payable into equity			69,300				69				624				-				693
Balance, August 31, 2025			3,441,000			$	3,441			$	412,073			$	(438,193	)		$	(22,679	)

See accompanying notes to the condensed financial statements.

6

ZHANLING INTERNATIONAL LIMITED

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED AUGUST 31, 2026 AND 2025

(Expressed in U.S. Dollars)

(Unaudited)

		August 31, 2026 - $ -				August 31, 2025 - $ -
		Three Months Ended
		August 31, 2026 - $ -				August 31, 2025 - $ -
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss			(6,597	)			(8,126	)
Net change in non-cash working capital balances
Prepayments			(3,221	)			(884	)
Other payables and accrued liabilities			(2,550	)			(5,309	)
Amounts due to related parties			11,972				-
Amounts due to non-related parties			396				-
NET CASH USED IN OPERATION ACTIVITIES			-				(14,319	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties			-				10,353
Advances from non-related parties			-				3,966
NET CASH PROVIDED BY FINANCING ACTIVITIES			-				14,319
CHANGES   IN CASH			-				-
CASH, BEGINNING			-				-
CASH, ENDING			-				-
Supplemental cash flow information:
Expenses and prepayments paid by related parties on behalf of the Company			11,972				-
Expenses and prepayments paid by other parties on behalf of the Company			396				-
Conversion of payables to equity			12,368				33,678

See accompanying notes to the condensed financial statements.

7

ZHANLING INTERNATIONAL LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED AUGUST 31, 2026 AND 2025

(Expressed in U.S. Dollars)

(Unaudited)

NOTE 1. BASIS OF PRESENTATION

Unaudited Interim Financial Statements

These unaudited interim financial statements may not include all information and footnotes required by US GAAP for complete financial statement disclosure. However, except as disclosed herein, there have been no material changes in the information contained in the notes to the audited financial statements for the year ended May 31, 2026, included in the Company’s Annual Report Form 10-K and filed with the Securities and Exchange Commission. These unaudited interim financial statements should be read in conjunction with the audited financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation and consisting solely of normal recurring adjustments have been made. Operating results for the three months ended August 31, 2026 are not necessarily indicative of the results that may be expected for the year ended May 31, 2026.

NOTE 2 - ORGANIZATION AND BUSINESS BACKGROUND

Zhanling International Ltd (the “Company” or “we”) was incorporated in the State of Nevada on July 16, 2009 and the Company is a development-stage company which intended to acquire companies in large consumption platform in China. The Company’s sole purpose currently is to target and complete a merger or acquisition with a private entity.

8

NOTE 3 - GOING CONCERN

As reported in the accompanying condensed financial statements, the Company incurred a net loss of $6,597 during the three months ended August 31, 2026, and had an accumulated deficit of $475,150 and a stockholders’ deficit of $59,636 as of August 31, 2026.

Management of the Company is of the view that the use of going concern basis in the preparation of the Company’s financial statements is appropriate, after taking into consideration the following factors:

● The related party and non-related party have undertaken not to demand the repayments of the outstanding balances owed from the Company amounting to $53,668 and $5,600 respectively as of August 31, 2026, for at least 12 months from the date these condensed unaudited financial statements are issued until the Company’s resources permit.

● The Company’s Chief Executive Officer, Chief Financial Officer, President and Chairman of the Board of Directors, Mr. YongQing Liu has undertaken to provide continuing financial support to the Company for working capital purpose for at least 12 months from the date these condensed unaudited financial statements are issued.

● Management will actively seek additional capital through private placements of its common stock.

NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited interim condensed financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

The preparation of unaudited interim condensed financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited interim condensed financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company’s estimates. To the extent there are material differences, future results may be affected.

Use of estimates

The preparation of the unaudited interim condensed financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the unaudited interim condensed financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. There were no key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period..  

9

Financial instruments

The Company follows the guidance of Accounting Standards Codification (“ASC”) 820-10, “Fair Value Measurements and Disclosures”, with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1 : Observable inputs such as quoted prices in active markets;

Level 2 : Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3 : Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions

The Company believes the carrying amount reported in the balance sheet for accrued liabilities, and due to related party, approximate their fair values because of the short-term nature of these financial instruments.

Income taxes

The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

10

Net loss per share

The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Recent Accounting Pronouncements

In January 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-01 — Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. This ASU amends the effective date of Update 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Company expects the adoption on this ASU will not have a material effect on the Company’s financial statements.

11

NOTE 5 - RELATED PARTY TRANSACTIONS

As of August 31, 2026, the Company owed $53,668 to the Company’s Chief Executive Officer Mr.YongQing Liu. During the three months ended August 31, 2026, Mr.YongQing Liu advanced $ 11,972 to the Company. The amounts are unsecured, non-interest bearing and repayable on demand.  

NOTE 6 - PREPAYMENTS

 SCHEDULE OF PREPAYMENTS

		As of August 31, 2026				As of May 31, 2026
Prepayments for professional fees		$	3,404			$	183

NOTE - 7 SUBSEQUENT EVENT

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before condensed financial statements are issued, the Company has evaluated all events or transactions that occurred up to October 11, 2026, the date the financial statements were available to issue. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

12

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following information should be read in conjunction with (i) the financial statements of Zhanling International Ltd, a Nevada corporation, and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the May 31, 2026 audited financial statements and related notes included in the Company’s most recent Transition Report on Form 10-K for the year ended May 31, 2026 (File No. 000-54301), as filed with the SEC on August 10, 2026. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

OVERVIEW

Zhanling International Ltd (the “Company” or “we”) was incorporated in the State of Nevada on July 16, 2009 and the Company is a development-stage company which intended to acquire companies in large consumption platform in China. The Company’s sole purpose currently is to target and complete a merger or acquisition with a private entity.

Going Concern

The accompanying unaudited interim condensed financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

As of August 31, 2026, the Company had an accumulated deficit of $475,150 and a stockholders’ deficit of $59,636. During the three months ended August 31, 2026, the Company incurred a net loss of $6,597. The Company has not commenced its planned business operations and has not generated any revenues. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management of the Company is of the view that the use of the going concern basis in the preparation of the Company’s unaudited interim financial statements is appropriate, after taking into consideration the following factors:

The related party and non-related party have undertaken not to demand repayment of the outstanding balances of $53,668 and $5,600, respectively, as of August 31, 2026, for at least 12 months, until the Company’s resources permit.

The Company’s Chief Executive Officer, Chief Financial Officer, President and Chairman of the Board of Directors, Mr. YongQing Liu, has undertaken to provide continuing financial support to the Company for working capital purposes for at least 12 months from the date the financial statements are issued.

Management will actively seek additional capital through private placements of the Company’s common stock.

The Company’s ability to continue as a going concern depends on its ability to obtain sufficient financing and ultimately achieve profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts and classification of liabilities that may be necessary if the Company is unable to continue as a going concern.

CRITICAL ACCOUNTING POLICIES

USE OF ESTIMATES

The preparation of unaudited interim financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

There were no key assumptions concerning the future, or other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

RECENT ACCOUNTING PRONOUNCEMENTS

Refer to Note 1 in the accompanying unaudited interim condensed financial statements.

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PLAN OF OPERATION

Our principal offices were relocated on Unit 305-306, 3/F., New East Ocean Centre, 9 Science Museum Road, Tsim Sha Tsui, Hong Kong.

The Company planned to execute a multi-phase exploration program at inception of July 16, 2009. From inception to August 31, 2026, the Company has had limited business operations and has no revenues generated from operations since incorporation. We are now in the process of evaluation any potential business opportunities though we cannot assure that it will be able to commence profitable operations.

Results of Operations

Three Months Ended August 31, 2026 and August 31, 2025

We recorded no revenue for the three months ended August 31, 2026 and 2025.

The result of operation expenses are primarily professional fees of $6,597 and $8,126 for the three months ended August 31, 2026 and 2025, respectively, reflecting a decrease of $1,529 , or 19%. The decrease was primarily attributable to lower professional fees incurred during the three months ended August 31, 2026, particularly lower OTCID disclosure and news service application fees compared with the same period in 2025.

Liquidity and Capital Resources

For the three months ended August 31, 2026 compared to three months ended August 31, 2025

As of August 31, 2026 and 2025, the Company had no cash on hand. The Company did not generate or use any cash in operating, investing, or financing activities during the three months ended August 31, 2026 and 2025, as all operating expenses and prepayments were paid directly by related and non-related parties on behalf of the Company..

We had no cash used in investing activities for the three months ended August 31, 2026 and 2025.

During the three months ended August 31, 2026, related and non-related parties paid a total of $12,368 on behalf of the Company, consisting of $11,972 paid by the Company’s director, Mr. YongQing Liu, and $396 paid by a non-related party, Mr. Shao Xinli. These transactions were non-cash financing activities and did not result in any cash inflows or outflows for the Company.

We do not have sufficient cash on hand to fund our ongoing operational expenses beyond 12 months. We will need to raise funds to commence our exploration program and fund our ongoing operational expenses. Additional funding will likely come from equity financing from the sale of our Common Stock or sale of part of our interest in our mineral claims. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arrangement and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our Common Stock to fund our exploration activities and ongoing operational expenses. In the absence of such financing, our business will likely fail. There are no assurances that we will be able to achieve further sales of our Common Stock or any other form of additional financing.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 3.

ITEM 4. CONTROLS AND PROCEDURES.

DISCLOSURE CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures:

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 August 31, 2026. This evaluation was carried out by our Chief Executive and Financial Officer, who also serves as our principal executive officer and principal financial and accounting officer. Based upon that evaluation, our Chief Executive and Financial Officer concluded that, as of August 31, 2026, our disclosure controls and procedures were not effective due to the presence of material weaknesses 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 August 31, 2026, our disclosure controls and procedures were not effective: Inadequate segregation of duties consistent with control objectives.

Changes in Internal Control over Financial Reporting:

There were no changes in our internal control over financial reporting during the quarter ended August 31, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 1A. RISK FACTORS

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

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ITEM 6. EXHIBITS.

(a) Exhibits required by Item 601 of Regulation SK.

Number		Description
3.1		Articles of Incorporation (1)
3.2		Bylaws (1)
3.3		Changes in Control of Registrant, Departure of Director and Appointment of Director dated March 28, 2024 (2)
31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Executive and Financial Officer*
32.1		Section 1350 Certification of Principal Executive and Financial Officer*
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.

(1)	Previously filed and incorporated by reference to the Company’s Registration Statement on Form S-1, as amended (File No. 333-166076), as filed with the Securities and Exchange Commission on April 15, 2010.
(2)	Previously filed as an exhibit to the Company’s Current Report on Form 8-K filed with SEC on March 28, 2024.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

Pursuant to the requirements 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.

	ZHANLING INTERNATIONAL LIMITED
	(Name of Registrant)
Date: October 12, 2026	By:	/s/ YongQing Liu
	Name:	YongQing Liu
	Title:	Chief Executive Officer, Chief Financial Officer，President and Chairman of the Board of Directors

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