Yinfu Gold Corp.

Yinfu Gold Corporation is a Wyoming corporation originally incorporated on September 1, 2005, as Ace Lock & Security, Inc., and changed its name to Yinfu Gold Corporation effective November 18, 2010. The company was established as an exploration stage company engaged in the search for commercially viable minerals but no longer pursues opportunities related to the exploration of minerals. The company devotes substantial efforts to enter into new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT), though its planned principal operations have not yet commenced. The company's business office is located at Suite 1608, Foreign Trade Group Mansion, Dongmen Street, Luohu District, Shenzhen, China 518000.

The filing does not name any primary competitors, discuss market share, or describe specific competitive advantages or moats. The company has not generated any revenue and has limited operations, so no relative market standing is provided.

The company has not yet generated any source of revenue. It currently does not have a source of revenue and is not able to fund its cash requirements through current operations. Historically, the company raised limited capital through private placement of equity stock and through loans from its president. The company plans to hire up to 20 staff members during the next 12 months of operation and will rely on the services of independent professionals for auditing, evaluation, and legal requirements for its listing business.

The company acquired 100% of the shares and assets of China Enterprise Overseas Investment & Finance Group Limited (CEI) effective November 20, 2014, pursuant to a Sale and Purchase Agreement. In connection with the acquisition, the company acquired the domain http://www.dahuacheng.com with a customer database consisting of 31 million members as of November 17, 2014 ¹. The company agreed to issue 1,599,982 restricted common shares to the owners of CEI ². The valuation report was received on January 28, 2015, and the agreement was closed on that date.

On April 11, 2017, the company acquired Yinfu Group International Holdings Limited (HK), a company incorporated in Hong Kong, and HK's subsidiary, Yinfu International Holdings Limited (WOFE), a wholly owned foreign enterprise incorporated in the People's Republic of China. The acquired entities are owned by the company's management and the transaction has been accounted for as a business combination under common control. The company also has a lease agreement for its office space for the period from March 1, 2025 to April 30, 2028.

On February 10, 2023, the Board of Directors approved raising proceeds in cash from non-public issue of common shares, raising proceeds of US$120,000 ³ and issuing 120,000,000 shares ⁴ to targeted subscribers. On February 14, 2023, the company entered into Subscription Agreements with seven targeted subscribers. Effective May 19, 2025, the company accepted the resignation of Mr. Jiang Libin from his positions as President, CEO, CFO, Chairman of the Board, Treasurer, Secretary, and Director, and appointed Mr. Zhang Hong as President, CEO, CFO, Chairman of the Board, Treasurer, and Secretary. On March 31, 2025, the company entered an agreement with Mr. Jiang Libin accepting his forgiveness of debt in the total amount of $2,103,762 ⁵, including loans of $1,553,641 ⁶ and salary payable of $550,121 ⁷, recorded as additional paid-in capital.

The company has generated $0 in revenues for the years ended March 31, 2026 and 2025. For the year ended March 31, 2026, total operating expenses were $147,960 ⁸ compared to $87,399 ⁹ for the year ended March 31, 2025. Net loss for the year ended March 31, 2026 was $131,062 ¹⁰ compared to net income of $29,444 ¹¹ for the year ended March 31, 2025. As of March 31, 2026, the company had cash of $822 ¹² compared to $440 ¹³ as of March 31, 2025, total assets of $17,683 ¹⁴ compared to $22,443 ¹⁵, total liabilities of $652,856 ¹⁶ compared to $517,459 ¹⁷, and stockholders' deficit of $635,173 ¹⁸ compared to $495,016 ¹⁹.

The company devotes substantial efforts to enter into new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT). However, the planned principal operations have not yet commenced, and no specific opportunity size, expected revenue contribution, timelines, or milestones are provided in the filing.

No additional growth vectors beyond the general focus on Internet Technology, AI, and IOT are discussed in the filing. The company has no present plans to be acquired or to merge with another company, nor do any of its shareholders have plans to enter into a change of control or similar transaction.

The filing does not discuss margin trajectory, cost structure evolution, or efficiency or restructuring targets.

The company currently has three employees, including Mr. Zhang Hong, the president and new chairman of board appointed from May 19, 2025, who serves with a monthly salary of $5,000 from May 2025 ²⁰. The company plans to hire up to 20 staff members during the next 12 months of operation ²¹ and will rely on the services of independent professionals for auditing, evaluation, and legal requirements. The company has spent no time on specialized research and development activities and has no plans to undertake any research or development in the future.

The filing does not specify R&D spending levels, capital expenditure plans, share repurchase authorization amounts, or dividend policy figures beyond stating that no cash dividends have been paid and there is no present intention of paying any dividends.

The company has sustained losses for the year ended March 31, 2026 and has relied solely upon funding obtained from directors and significant stockholders. The company has limited cash on hand and has not generated enough revenues from operations, and may be unable to fund ongoing activities. The company's ability to continue as a going concern is dependent on obtaining adequate capital to fund operating losses until it becomes profitable. As of March 31, 2026, the company had an accumulated deficit of $2,939,632 ²² and reported a net loss of $131,062 ²³ for the year ended March 31, 2026. The accumulated salary payable to employees increased to $160,562 ²⁴ as of March 31, 2026.

The company faces significant regulatory risks related to doing business in the PRC, including uncertainties regarding PRC regulations on foreign exchange control, cybersecurity, data security, and the Holding Foreign Companies Accountable Act. The company's principal business operations are conducted in the PRC, and changes in PRC government policies could have a significant impact on the ability to operate profitably. The company also faces risks related to the limited trading market for its common stock, which is quoted on the OTCQB under the symbol ELRE, and its classification as a penny stock.

The company has not generated any revenue and has an accumulated deficit of $2,939,632 ²⁵ as of March 31, 2026, with a net loss of $131,062 ²⁶ for the year, raising substantial doubt about its ability to continue as a going concern. The company relies solely on funding from directors and significant stockholders, and if unable to obtain adequate capital, it could be forced to cease operations. As a holding company with PRC subsidiaries, the company faces significant regulatory risks under PRC laws, including SAFE Circular 37 requirements for PRC residents to register offshore investments, and potential classification as a PRC resident enterprise under the EIT Law, which would subject worldwide income to a 25% tax rate ²⁷ and impose a 10% withholding tax on dividends paid to non-PRC enterprise investors ²⁸. The company's auditor, J&S ASSOCIATE PLT, is headquartered in Malaysia and subject to PCAOB inspections, but if work papers become located in China, the PCAOB would be unable to inspect them without Chinese authority approval, potentially triggering trading prohibitions under the Holding Foreign Companies Accountable Act if the PCAOB cannot inspect for three consecutive years. The company's common stock is subject to penny stock rules, which may reduce the number of potential investors and make it more difficult to sell shares.

Management's message emphasizes the company's transition from a mineral exploration company to one focused on new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT), though planned principal operations have not yet commenced. The key strategic priorities are: (1) raising additional capital through sales of equity instruments, traditional financing such as loans, and obtaining capital from management and significant stockholders; (2) hiring up to 20 staff members during the next 12 months of operation ²⁹; and (3) relying on independent professionals for auditing, evaluation, and legal requirements. Management acknowledges that the company has not generated enough revenues from operations and may be unable to fund ongoing activities, and that there is no assurance of success in business operations.