Vanguard Green Investment Limited

What they do

The company was incorporated in Nevada on June 4, 2018 as MU Global Holding Limited and renamed Vanguard Green Investment Limited on June 15, 2024. It operates through wholly owned subsidiaries MU Worldwide Group Limited (Seychelles) and MU Global Holding Limited (Hong Kong). The US and Seychelles entities act as holding companies; the Hong Kong company is described as the current regional hub. It intends to provide non-surgical spa services and spa care products, focused initially on customers in China.

Revenue drivers

• Spa and wellness services — The company plans to offer non-surgical spa services through its Hong Kong subsidiary, but reported no revenue for the nine months ended April 30, 2026 or 2025.
• Spa care products — It intends to sell spa care products alongside services; no product revenue is reported in the latest interim period or the prior-year comparative.
• Franchisee and agent model — The 10-K states the first key focus is entering regional markets through franchisees and agents, but no franchise or agent revenue has been reported.
• Historical Shanghai operations — MU Global Health Management (Shanghai) Limited was sold on July 30, 2024 for $11,975, so it no longer contributes to operations.

Recent performance

For the nine months ended April 30, 2026, the company generated no revenue and no cost of revenue. General and administrative expenses were $61,516, versus $32,956 in the prior-year period, comprising professional fees and foreign exchange loss. Other income was $1, compared with $875 a year earlier, mainly interest income. The net loss was $66,191, compared with $40,251 for the nine months ended April 30, 2025. Cash used in operating activities was $57,787, and financing activity provided $57,749, primarily from a loan from a director.

Strategy

Management says it will initially focus on attracting customers in China and has intentions, without definitive plans or timelines, to expand to Singapore, Malaysia, Hong Kong, and Middle Eastern countries. The 10-K identifies the first key focus as entering regional markets through a franchisee and agent model. The company expects to spend substantially on marketing and advertising in the coming year. It states that it depends substantially on financing activities, and during the period ended April 30, 2026 it met its requirements primarily from financial support from a director and a third-party company.

Risks

• No current revenue — The company reported no revenue for the nine months ended April 30, 2026 and 2025, so it has no operating cash generation.
• Going-concern liquidity — As of April 30, 2026, total liabilities were $807,324 against total assets of $16,555, with shareholder equity of negative $790,769 and cash of just $55.
• Dependence on related-party financing — The company states it depends substantially on financing activities and funded the recent period mainly through a director loan and third-party support, with no credit facilities or bank credit.
• China market and competition — The 10-K describes the Chinese beauty and wellness market as early-stage and challenging, citing COVID-19 sales declines of up to 80% in 2020 in China and intensified competition from technology-enabled marketing.

Outlook

Management states it anticipates spending a substantial amount on marketing and advertising in the coming year and expects increased levels of operations to result in more significant cash flow. It has intentions, but no definitive plans or timelines, to expand into Singapore, Malaysia, Hong Kong, Middle Eastern countries and subsequently throughout Asia. The company discloses no credit facilities and says it depends on financing activities, primarily director loans, to meet working capital needs.