Zhanling International Ltd

What they do

The company was incorporated in Nevada in 2009 and is currently a development-stage entity whose sole purpose is to target and complete a merger or acquisition with a private entity. It has no revenues from operations since incorporation and is evaluating potential business opportunities. Its principal executive offices are in Hong Kong, and its sole officer and director is based in China.

Revenue drivers

• No revenue — The company recorded no revenue for the three and nine months ended February 28, 2026 and 2025.

Recent performance

For the nine months ended February 28, 2026, the company incurred a net loss of $26,866 and used $38,204 in operating cash flow. As of that date, it had no cash on hand, an accumulated deficit of $456,933, and a stockholders' deficit of $41,419. The latest balance sheet (May 31, 2026) shows total assets of $183 and total liabilities of $53,222, resulting in shareholder equity of -$53,039. Annual net losses have ranged from roughly $29,000 to $40,000 per year from 2022 through 2026.

Strategy

Management plans to seek additional capital through private placements of common stock or director loans, with possible support from related parties. The company is in the process of evaluating potential business opportunities, though it cannot assure it will commence profitable operations. No revenues are anticipated until a merger or acquisition is completed.

Risks

• Going concern uncertainty — Substantial doubt exists about the company's ability to continue as a going concern due to recurring losses, no revenue, and insufficient cash to fund operations beyond 12 months.
• No operations or revenue — The company has had no operations or revenues since incorporation and is entirely dependent on completing a merger or acquisition to generate any business activity.
• China regulatory and oversight risks — The company's ties to China expose it to potential Chinese government intervention and to U.S. regulatory risks, including the Holding Foreign Companies Accountable Act, which could lead to trading prohibitions or delisting.
• Dependence on related-party financing — The company relies on loans from its director and a non-related party to fund operations, as evidenced by the $38,204 in financing proceeds for the nine months ended February 28, 2026.

Outlook

Management does not expect revenues until the plan of operation is implemented and a business combination is completed. The company will need to raise funds to cover ongoing operational expenses and commence any exploration program or other business activities. No assurance is given that profitable operations will be achieved.