Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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 April 30, 2024

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

For the transition period from _______________ to _______________

Commission File Number 333-228847

MU GLOBAL HOLDING LIMITED

(Exact name of registrant issuer as specified in its charter)

Nevada

30-1089215

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

Rm. 5, 7F., No. 296, Sec. 4, Xinyi Rd., Da’an Dist.,

Taipei City 106427, Taiwan (R.O.C.)

(Address of principal executive offices, including zip code)

Registrant’s phone number, including area code +886905153139

Indicate by check mark whether the registrant (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 (section 232.405 of this chapter) during the preceding twelve months (or 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.

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 Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		MUGH		The OTC Market – Pink Sheets

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has fled 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:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class		Outstanding at April 30, 2024
Common Stock, $0.0001 par value		59,434,838

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION
ITEM 1.	UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	F-1
	Condensed Consolidated Balance Sheets as of April 30, 2024 (unaudited) and July 31, 2023 (audited)	F-2
	Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended April 30, 2024 (unaudited) and April 30, 2023 (unaudited)	F-3
	Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Nine Months Ended April 30, 2024 (unaudited) and 2023 (unaudited)	F-4
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2024 (unaudited) and April 30, 2023 (unaudited)	F-5
	Notes to the Condensed Consolidated Financial Statements	F-6 - F-18
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3-5
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	6
ITEM 4.	CONTROLS AND PROCEDURES	6
PART II	OTHER INFORMATION
ITEM 1	LEGAL PROCEEDINGS	7
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	7
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	7
ITEM 4	MINE SAFETY DISCLOSURES	7
ITEM 5	OTHER INFORMATION	7
ITEM 6	EXHIBITS	8
	SIGNATURES	9

PART I FINANCIAL INFORMATION

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:

MU GLOBAL HOLDING LIMITED

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Page
Condensed Consolidated Financial Statements

Condensed Consolidated Balance Sheets as of April 30, 2024 (unaudited) and July 31, 2023 (audited)	F-2
Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended April 30, 2024 (unaudited) and April 30, 2023 (unaudited)	F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Nine Months Ended April 30, 2024 (unaudited) and 2023 (unaudited)	F-4
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2024 (unaudited) and April 30, 2023 (unaudited)	F-5
Notes to the Condensed Consolidated Financial Statements	F-6- F-18

F-1

MU GLOBAL HOLDING LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF APRIL 30, 2024 AND JULY 31, 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

	As of			As of
	April 30, 2024			July 31, 2023
	Unaudited			Audited
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment	$	-		$	-
Leased asset – Right of use		2,526			6,407

		2,526			6,407

INTANGIBLE ASSET
Patent and trademark	$	-		$	-

Total non-current assets		2,526			6,407

CURRENT ASSETS
Prepayments and deposits	$	3,393		$	9,264
Amount due from related party		-			2,112
Inventories		1,313			1,333
Cash and cash equivalents		26,302			4,425

Total current assets		31,008			17,134

TOTAL ASSETS	$	33,534		$	23,541

LIABILITIES AND STOCKHOLDERS’ EQUITY
NON-CURRENT LIABILITIES
Leased liabilities	$	-		$	976
Loan from director		113,002			110,985
Loan from third party		125,184			95,988
Loan from related party		125,184			95,988

Total non-current liabilities	$	238,186		$	207,949

CURRENT LIABILITIES
Other payables and accrued liabilities	$	46,821		$	65,454
Amount due to related parties		98,242			93,176
Deposit from franchisees		24,581			27,774
Deposit from customers		36,598			37,135
Loan from director		241,189			170,805
Leased liabilities		2,391			5,223

Total current liabilities		449,822			399,567

TOTAL LIABILITIES	$	688,008		$	607,516

STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	$	-		$	-
Common stock, $0.0001 par value, 600,000,000 shares authorized, 59,434,838 shares issued and outstanding as of April 30, 2024 and July 31, 2023 respectively		5,943			5,943
Additional paid-in capital		1,830,300			1,830,300
Foreign currency adjustment		42,365			37,790
Accumulated deficit		(2,533,082	)		(2,458,008	)

Total stockholders’ equity		(654,474	)		(583,975	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	33,534		$	23,541

See accompanying notes to condensed consolidated financial statements.

F-2

MU GLOBAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE THREE AND NINE MONTHS ENDED APRIL 30, 2024 and 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)


	Three Months Ended April 30						Nine Months Ended April 30
	2024			2023			2024			2023
REVENUE	$	-		$	1,117		$	343		$	129,358

COST OF REVENUE		-			(489	)		-			(489	)

COST OF REVENUE – RELATED PARTY		-			-			-			(108,844	)
COST OF REVENUE		-			-			-			(108,844	)

GROSS PROFIT	$	-		$	628		$	343		$	20,025

OTHER INCOME		1,459			4,807			7,664			7,165

SELLING AND MARKETING EXPENSES		(142	)		(1	)		(1,057	)		(279	)

GENERAL AND ADMINISTRATIVE EXPENSES		(27,148	)		(14,758	)		(67,364	)		(65,249	)

GENERAL AND ADMINISTRATIVE EXPENSES TO RELATED PARTIES		(2,500	)		(4,700	)		(7,500	)		(21,548	)
GENERAL AND ADMINISTRATIVE EXPENSES		(2,500	)		(4,700	)		(7,500	)		(21,548	)

FINANCE COST		(2,504	)		(2,809	)		(7,160	)		(8,098	)

LOSS BEFORE INCOME TAX	$	(30,835	)	$	(16,833	)	$	(75,074	)	$	(67,984	)

INCOME TAX PROVISION		-			-			-			-

NET LOSS	$	(30,835	)	$	(16,833	)	$	(75,074	)	$	(67,984	)
Other comprehensive loss:
- Foreign currency translation gain		5,150			7,685			4,575			7,420

TOTAL COMPREHENSIVE LOSS	$	(25,685	)	$	(9,148	)	$	(70,499	)		(60,564	)

Net loss per share- Basic and diluted		(0.0004	)		(0.0002	)		(0.0012	)		(0.0010	)

Weighted average number of common shares outstanding - Basic and diluted		59,434,838			59,434,838			59,434,838			59,434,838

See accompanying notes to condensed consolidated financial statements.

F-3

MU GLOBAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED APRIL 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)


Nine months ended April 30, 2024
	Common Stock				Additional		Accumulated Other
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income			Accumulated Deficit			Total Equity
Balance as of August 1, 2023		59,434,838	$	5,943	$	1,830,300	$	37,790		$	(2,458,008	)	$	(583,975	)
Net loss for the period		-		-		-		-			(25,252	)		(25,252	)
Foreign currency translation adjustment		-		-		-		6,445			-			6,445
Balance as of October 31, 2023		59,434,838	$	5,943	$	1,830,300	$	44,235		$	(2,483,260	)	$	(602,782	)
Net loss for the period		-		-		-		-			(18,987	)		(18,987	)
Foreign currency translation adjustment		-		-		-		(7,020	)		-			(7,020	)
Balance as of January 31, 2024		59,434,838	$	5,943	$	1,830,300		37,215			(2,502,247	)		(628,789	)
Net loss for the period		-		-		-		-			(30,835	)		(30,835	)
Foreign currency translation adjustment		-		-		-		5,150			-			5,150
Balance as of April 30, 2024		59,434,838	$	5,943	$	1,830,300		42,365			(2,533,082	)		(654,474	)

Nine months ended April 30, 2023
	Common Stock				Additional		Accumulated Other
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income			Accumulated Deficit			Total Equity
Balance as of August 1, 2022		59,434,838	$	5,943	$	1,830,300	$	19,574		$	(2,389,181	)	$	(533,364	)
Net loss for the period		-		-		-		-			(32,812	)		(32,812	)
Foreign currency translation adjustment		-		-		-		24,413			-			24,413
Balance as of October 31, 2022		59,434,838	$	5,943	$	1,830,300	$	43,987		$	(2,421,993	)	$	(541,763	)
Net loss for the period		-		-		-		-			(18,339	)		(18,339	)
Foreign currency translation adjustment		-		-		-		(24,678	)		-			(24,678	)
Balance as of January 31, 2023		59,434,838	$	5,943	$	1,830,300		19,309			(2,440,332	)		(584,780	)
Balance		59,434,838	$	5,943	$	1,830,300		19,309			(2,440,332	)		(584,780	)
Net loss for the period		-		-		-		-			(16,833	)		(16,833	)
Foreign currency translation adjustment		-		-		-		7,685			-			7,685
Balance as of April 30, 2023		59,434,838	$	5,943	$	1,830,300		26,994			(2,457,165	)		(593,928	)
Balance		59,434,838	$	5,943	$	1,830,300		26,994			(2,457,165	)		(593,928	)

See accompanying notes to condensed consolidated financial statements.

F-4

MU GLOBAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED APRIL 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

	2024			2023
	Nine months ended April 30
	2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(75,074	)	$	(67,984	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		3,805			3,649
Impairment		(1,051	)		1,502
Reversal of asset written off		-			(6	)
Lease interest		150			155
Gain on disposal		(3,012	)		(4,899	)
Gain on discounting of long-term loan		(3,671	)		-
Changes in operating assets and liabilities:
Prepayments and deposits		5,845			1,332
Other payables and accrued liabilities		(18,043	)		(14,206	)
Amount due to related party		1,729			8,193
Inventories		-			489
Lease liabilities		(3,867	)		(4,050	)
Amount due from related party		5,449			11,295
Deposit from franchisee		(2,818	)		-
Deposit from customers		-			16,771
Net cash used in operating activities	$	(90,558	)	$	(47,759	)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of patent and trademark		(2,466	)		(3,584	)
Proceed on disposal		6,529			6,987
Net cash generated from investing activities	$	4,063		$	3,403

CASH FLOWS FROM FINANCING ACTIVITIES
Loan from director	$	70,384		$	24,366
Loan from related party		-			(2,966	)
Loan from third party		30,729			16,698
Interest expense		7,160			8,098
Net cash generated from financing activities	$	108,273		$	46,196

Effect of foreign exchange translation		99			218

Net change in cash and cash equivalents		21,877			2,058

Cash and cash equivalents, beginning of period		4,425			2,909
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	26,302		$	4,967

See accompanying notes to condensed consolidated financial statements.

F-5

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

MU Global Holding Limited is organized as a Nevada limited liability company, incorporated on June 4, 2018. For purposes of consolidated financial statement presentation, MU Global Holding Limited and its subsidiary are herein referred to as “the Company” or “we”. The Company business of which planned principal operations are to provide wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.

On June 29, 2018, the Company acquired 100% interest in MU Worldwide Group Limited, a private limited liability company incorporated in Seychelles and its subsidiary MU Global Holding Limited, a private limited liability company incorporated in Hong Kong. On August 16, 2018, MU Global Holding Limited incorporated a wholly owned subsidiary in Shanghai, People Republic of China under the name of MU Global Health Management (Shanghai) Limited.

Details of the Company’s subsidiary:

SCHEDULE OF COMPANY’S SUBSIDIARY

	Company name	Place and date of incorporation	Particulars of issued capital	Principal activities

1.	MU Worldwide Group Limited	Seychelles, June 7, 2018	100 shares of ordinary share of US$1 each	Investment holding

2.	MU Global Holding Limited	Hong Kong, January 30, 2018	1 ordinary share of HK$1	Providing SPA and Wellness service in Hong Kong

3.	MU Global Health Management (Shanghai) Limited	Shanghai, August 16, 2018	RMB 7,405,866	Providing SPA and Wellness service in China

F-6

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited condensed consolidated financial statements as of and for the nine months ended April 30, 2024, and 2023, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended April 30, 2024, are not necessarily indicative of the results that may be expected for the year ending July 31, 2024. The Condensed Consolidated Balance Sheets information as of April 30, 2024, was derived from the Company’s audited Consolidated Financial Statements as of and for the year ended July 31, 2023, included in the Company’s Annual Report on Form 10-K filed with the SEC on October 30, 2023. These financial statements should be read in conjunction with that report.

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Revenue recognition

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon.

Cost of revenue

Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

Classification		Estimated useful life
Leasable equipment		5 years
Computer hardware and software		3 years
Office equipment		3 years
Outlet design fee and equipment		3 years
Application development fee		3 years

Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss.

F-7

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Impairment of long-live assets

Long-lived assets primarily include trademark of the Company. In accordance with the provision of ASC Topic 360, Impairment or Disposal of Long-Lived Assets, the Company generally conducts its annual impairment evaluation to its long-lived assets, usually in the fourth quarter of each fiscal year, or more frequently if indicators of impairment exist, such as significant sustained change in the business climate. The recoverability of long-lived assets is measured at the lowest level group. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset.

Leases

The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.

The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

In determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments.

Inventories

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Consolidated Statements of Operations and Comprehensive Loss.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 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.

The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.

Going concern

The accompanying 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.

For the period ended April 30, 2024, the Company incurred a net loss of $75,074. As of April 30, 2024, the Company suffered an accumulated deficit of $2,533,082, capital deficiency of $654,474 and negative operating cash flows of $90,558. The Company’s ability to continue as a going concern is dependent upon improving the profitability and the continuing financial support from its shareholders and director. Management believes the existing shareholders, director or external financing will provide the additional cash to meet the Company’s obligations as they become due.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

F-8

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

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.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Consolidated Statements of Operations and Comprehensive loss.

The functional currency of the parent Company is United States dollar and the functional currency of the subsidiaries MU Worldwide Group Limited (Seychelles) and MU Global Holding Limited (Hong Kong) is United States dollar. MU Global Health Management (Shanghai) Limited is in Renminbi.

The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive loss within the statements of stockholders’ equity.

Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended April 30
	2024		2023
Period-end RMB : US$1 exchange rate		7.24		6.91
Period-average RMB : US$1 exchange rate		7.21		6.95
Period-end HK$ : US$1 exchange rate		7.82		7.85
Period-average HK$ : US$1 exchange rate		7.82		7.84
Period-end TWD : US$1 exchange rate		32.60		30.79
Period-average TWD : US$1 exchange rate		31.76		30.77

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.

F-9

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Fair value of financial instruments:

The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), 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.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

F-10

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

3. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of April 30, 2024 are summarized below:

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)

Computer hardware and software	$	129,301		$	129,301
Outlet equipment		120,569			120,569
Leasable equipment		212,072			216,378
Outlet design fee and equipment		16,763			16,763
App development fee		37,413			37,413
Total		516,118			520,424
Accumulated depreciation¹	$	(394,351	)	$	(395,140	)
Impairment		(139,665	)		(143,182	)
Foreign currency translation adjustment		17,898			17,898
Property, plant and equipment, net	$	-		$	-

¹	For the period ended April 30, 2024 and April 30, 2023, depreciation expense was $0 and $0 respectively.

DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)
Proceed from disposal of property, plant and equipment	$	6,529		$	20,514
Disposal of equipment written off at net book value		-			(6	)
Disposal of equipment impaired at net book value		(3,517	)		(6,364	)
Total gain on disposal	$	3,012		$	14,144

4. LEASE

As of November 6, 2021, the Company recognized approximately US$11,581 lease liability as well as right-of-use asset for all leases at the commencement date. Lease liabilities are measured at present value of the sum of remaining rental payments as of November 6, 2021, with discounted rate of 4.35% adopted from “Zhao Shang bank” of China as a reference for discount rate.

A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows.

The initial recognition of operating lease right and lease liability as follow:


Gross lease payable	$	12,048
Less: Imputed interest		(467	)
Initial recognition	$	11,581
Less: Remeasurement of existing lease		(843	)
Balance	$	10,738

As of April 30, 2024 and July 31, 2023, the operating lease right of use asset as follow:

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
Balance at beginning of the period/year		6,407			6,267
Add: New operating lease liability		-			5,223
Foreign exchange translation loss		(76	)		(246	)
Amortization		(3,805	)		(4,837	)
Balance at end of the period/year	$	2,526		$	6,407

As of April 30, 2024 and July 31, 2023, the operating lease liability as follow:

SCHEDULE OF OPERATING LEASE LIABILITY

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
As of August 1	$	6,199		$	6,559
Add: New operating lease liability		-			5,223
Less: Gross repayment		(3,884	)		(5,509	)
Add: Imputed interest		150			176
Foreign exchange translation loss		(74	)		(250	)
Balance end of the period/year	$	2,391		$	6,199

For the period ended April 30, 2024, the amortization of the operating lease right of use asset was $3,805 while for the period ended April 30, 2023, the amortization of the operating lease right of use asset was $3,649.

F-11

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Maturities of operating lease obligation as follow:


Year ending
July 31, 2024 (3 months)	$	1,909
October 31, 2024 (3 months)		482
Total	$	2,391

Other information:

SCHEDULE OF OTHER INFORMATION

	Nine months ended			Nine months ended
	April 30, 2024			April 30, 2023
	(Unaudited)			(Unaudited)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	3,867		$	3,895
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,526		$	2,446
Remaining lease term for operating lease (years)		0.5			0.5
Weighted average discount rate for operating lease		4.35	%		4.35	%

Lease expenses were $150 and $155 during the period ended April 30, 2024 and April 30, 2023 respectively.

5. PATENT AND TRADEMARK

SCHEDULE OF PATENT AND TRADEMARK

	As of			As of
	April 30, 2024			July 31, 2023
	(Unaudited)			(Audited)
Patent and trademark¹	$	38,454		$	35,988
Accumulated amortization		(6,986	)		(6,986	)
Impairment		(31,442	)		(28,976	)
Foreign currency translation adjustment		(26	)		(26	)
Patent and trademark, net	$	-		$	-

¹	The patents and trademarks are held under the Company’s subsidiaries in Hong Kong and Shanghai, China.

Amortization were $0 and $0 for the period ended April 30, 2024 and April 30, 2023 respectively.

6. PREPAYMENTS AND DEPOSITS

SCHEDULE OF PREPAYMENTS AND DEPOSITS

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Prepayments	$	626	$	4,017
Deposits		2,767		5,247
Total prepayments and deposits	$	3,393	$	9,264

7. AMOUNT DUE FROM RELATED PARTY

SCHEDULE OF DUE FROM RELATED PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Tien Mu International Co., Ltd¹	$	-	$	2,112
Total amount due from related party	$	-	$	2,112

¹	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. Tien Mu International Co., Ltd is an operating agent of the Company’s operation in Taiwan, which collects deposits from franchisees on behalf of the Company.

F-12

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

8. INVENTORIES

SCHEDULE OF INVENTORIES

	As of		As of
	April 30, 2024		July 31, 2023
	(Unaudited)		(Audited)
Finished goods, at cost	$	1,313	$	1,333
Total inventories	$	1,313	$	1,333

9. OTHER PAYABLES AND ACCRUED LIABILITIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Other payables	$	40,821	$	40,854
Accrued audit fees		-		15,000
Accrued professional fees		6,000		9,600
Total other payables and accrued liabilities	$	46,821	$	65,454

10. AMOUNT DUE TO RELATED PARTIES

SCHEDULE OF DUE TO RELATED PARTIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Hsieh, Chang-Chung¹	$	93,176	$	93,176
Tien Mu International Co., Ltd²		5,066		-
	$	98,242	$	93,176

¹	Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.

²	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

The amount due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose.

11. LOAN FROM THIRD PARTY

SCHEDULE OF LOAN FROM THIRD PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Shang Hai Shi Ba Enterprise Management Centre	$	125,184	$	95,988
Total loan from third party	$	125,184	$	95,988

The loan is unsecured, interest-free and repayable in year 2025, 2026 and 2027.

F-13

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

12. LOAN FROM DIRECTOR

SCHEDULE OF LOAN FROM DIRECTOR

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Current	$	241,189	$	170,805
Non-current		113,002		110,985
Total loan from Director	$	354,191	$	281,790

Current portion of the loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable upon demand.

The long-term loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable in year 2024, for working capital purpose. The long-term loan is further extended to repayment in year 2026 with a loan agreement entered on August 2, 2023.

13. INCOME TAXES

For the nine months ended April 30, 2024 and April 30, 2023, the local (United States) and foreign components of loss before income taxes were comprised of the following:

SCHEDULE OF LOSS BEFORE INCOME TAX

	2024			2023
	Nine months ended April 30
	2024			2023
Tax jurisdictions from:
Local	$	(39,844	)	$	(30,070	)
Foreign, representing
- Seychelles		-			(1,600	)
- Hong Kong		(247	)		153
- Shanghai		(34,983	)		(36,467	)
Foreign		(34,983	)		(36,467	)
Loss before income tax	$	(75,074	)	$	(67,984	)

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

	For the period ended April 30, 2024		For the period ended April 30, 2023
Current:
- Local	$	-	$	-
- Foreign		-		-
Deferred:
- Local		-		-
- Foreign		-		-

Income tax expense	$	-	$	-

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States Seychelles, Hong Kong and Shanghai, PRC that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of April 30, 2024, the operations in the United States of America incurred $533,078 of cumulative net operating losses which can be carried forward indefinitely to offset a maximum of 80% future taxable income. The Company has provided for a full valuation allowance of $426,462 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Seychelles

Under the current laws of the Seychelles, MU Worldwide Group Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.

Hong Kong

MU Global Holding Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income.

Shanghai

MU Global Health Management (Shanghai) Limited are operating in the People’s Republic of China (PRC) subject to the Corporate Income Tax governed by the Income Tax Law of the PRC with a unified statutory income tax rate of 25%.

F-14

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

14. COMMON STOCK

On June 4, 2018, our Chief Executive Officer, Ms. Niu Yen-Yen subscribed 100,000 shares of restricted common stock of the Company at par value of $0.0001 per share. The monies from this transaction, which totalled $10, went to the Company to be used as initial working capital.

On July 6, 2018, Ms. Niu Yen-Yen and Server Int’l Co., Ltd. subscribed 25,000,000 and 11,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $3,600, went to the Company to be used as initial working capital. Server Int’l Co., Ltd. is controlled entirely by Ms. Niu Yen-Yen.

On July 7, 2018, Chang Chun-Ying and Chang Su-Fen subscribed 4,300,000 and 5,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $930, went to the Company to be used as initial working capital.

On July 9, 2018, GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited, subscribed 2,835,000 and 2,165,000 restricted shares of common stock of the Company, respectively, at par value of $0.0001 per share. The monies from these transactions, which totalled $500, went to the Company to be used as initial working capital.

From July 9, 2018 to July 10, 2018 the Company issued a total of 2,150,000 shares of restricted common stock to three non-US residents. Shares were sold at par value, $0.0001 per share. Total proceeds from these shares totalled $215 and went to the Company to be used as initial working capital.

On July 10, 2018, Server Int’l Co., Ltd, a Company solely controlled and owned by the CEO has transferred 1,500,000 shares of common stock to 8 non-US residents.

On July 11, 2018 the Company issued a total of 710,000 shares of restricted common stock to two non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $21,300 and went to the Company to be used as initial working capital.

On July 25, 2018 the Company issued a total of 995,000 shares of restricted common stock to ten non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $29,850 and went to the Company to be used as initial working capital.

On July 26, 2018 the Company issued 250,000 shares of restricted common stock to one non-US resident at a price of $0.20 per share. Total proceeds from these sales of shares totalled $50,000 and went to the Company to be used as initial working capital.

On July 31, 2018 Dezign Format Pte Ltd and Cheng Young-Chien each subscribed 2,000,000 restricted shares of common stock of the Company, at $0.20 per share, for total consideration of $800,000. Proceeds went to the Company to be used as initial working capital.

From August 1, 2018 to December 13, 2018, Ms. Niu Yen-Yen, the CEO of the Company has transferred 1,557,800 shares of common stock to 16 non-US residents.

On May 7, 2019, the convertible promissory note issued by the Company amounted $779,125 to 45 accredited investors who reside in Taiwan with the conversion price of $1 per share have been converted to 779,125 common stock of the company after the S-1 registration statement was declared effective on May 6, 2019.

From May 14, 2019 to July 31, 2019, the company issued 150,317 shares of common stock at a price of $1.00 per share through the Initial Public Offering (IPO) to 36 non-US residents.

From August 1, 2020 to July 31, 2021, Ms. Niu Yen-Yen, the CEO of the Company, had 395,000 shares of common stock transferred from 3 non-US residents and had sold 3,364,921 shares of common stock to 20 non-US residents.

From August 1, 2021 to July 31, 2022, Ms. Niu Yen-Yen, the CEO of the Company, had 55,522 shares of common stock transferred from 2 non-US residents and had sold 6,800,000 shares of common stock to 3 non-US residents.

From August 1, 2022 to July 31, 2023, Ms. Niu Yen-Yen had sold 610,000 shares of common stock to 5 non-US residents.

As of April 30, 2024, MU Global Holding Limited has an issued and outstanding common share of 59,434,838.

F-15

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

15. CONCENTRATIONS OF RISK

(a) Major customers

For the three months period ended April 30, 2024 and 2023, the customers who accounted for 10% or more of the Company’s revenues and its trade receivable balance at period-end are presented as follows:

SCHEDULE OF CONCENTRATION OF RISK

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	-	$	477		-	%		43	%	$	-	$	-
Customer B		-		608		-	%		54	%		-		-
	$	-	$	1,085		-	%		97	%	$	-	$	-

For the nine months period ended April 30, 2024 and 2023, the customers who accounted for 10% or more of the Company’s revenues and its trade receivable balance at period-end are presented as follows:

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	343	$	-		100	%		-	%	$	-	$	-
Customer B		-		120,938		-	%		94	%		-		-
	$	343	$	120,938		100	%		94	%	$	-	$	-

(b) Major vendors

For the three months period ended April 30, 2024 and 2023, there is no vendor who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end.

For the nine months period ended April 30, 2024 and 2023, the vendors who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end are presented as follows:

	2024		2023		2024			2023			2024		2023
	Purchases				Percentage of purchases						Trade payable
	(Unaudited)				(Unaudited)						(Unaudited)

Vendor A	$	-	$	108,844		-	%		100	%	$	-	$	-
	$	-	$	108,844		-	%		100	%	$	-	$	-

The operation of the Company’s subsidiaries in international markets results in exposure to movements in currency exchange rates. We have experienced foreign currency gains and losses due to the strengthening and weakening of the U.S. dollar. The potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations. The Company has not historically used financial instruments to hedge its foreign currency exchange rate risks.

The currencies that create a majority of the Company’s exchange rate exposure are RMB, HK$, and TWD. The Company translates all assets and liabilities at the rate of exchange in effect at the balance sheet date and income and expense activity at the approximate rate of exchange at the transaction date.

F-16

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

16. COMMITMENTS AND CONTINGENCIES

On November 6, 2021, the Company entered into a contract rental agreement to rent the office in Shanghai for a period of one year commencing on November 6, 2021 with tri-monthly payments in the amount of RMB 3,500 per month over the course of the lease and an entitlement of 1 month rent free period as relief upon rented the premise for full 11 months. The Company has an option to renew after the end of the agreement. On October 18, 2022, the Company has renewed the tenancy agreement for 12 months with tri-monthly payments in the amount of RMB 3,500 per month over the course of the lease from November 6, 2022 to November 5, 2023 and is entitled for 1 month rent free period as relief upon rented the premise for full 11 months. The Company has an option to renew after the end of the agreement. On August 7, 2023, the Company has further renewed the tenancy agreement for 12 months with tri-monthly payments in the amount of RMB 3,500 per month over the course of the lease from November 6, 2023 to November 5, 2024 and is entitled for 1 month rent free period as relief upon rented the premise for full 11 months.

As of April 30, 2024, the Company has the aggregate minimal rent payments due in the next two years as follows:

Year ending July 31

2024	$	1,909
2025		482
Total	$	2,391

17. RELATED PARTY TRANSACTIONS

For the period ended April 30, 2024 the Company has following transactions with related parties:

	For the period ended April 30, 2024 (Unaudited)		For the year ended July 31, 2023 (Audited)
Professional fee:
- Related party A	$	7,500	$	16,080

Consultation fee:
- Related party B	$	-	$	8,100

Total	$	7,500	$	24,180

Related party A is the fellow subsidiaries of a corporate shareholder of the Company. Related party B is the employee and shareholder of the Company.

For the period ended April 30, 2024, the Company incurred professional fees of $7,500 to related party A.

F-17

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

18. SEGMENT INFORMATION

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

By Geography:

	Nevada			Seychelles		Hong Kong			China			Total
	For the period ended April 30, 2024
	Nevada			Seychelles		Hong Kong			China			Total

Revenue	$	-		$	-	$	-		$	343		$	343
Cost of revenue		-			-		-			-			-
Other income		-			-		3,014			4,650			7,664
Selling and marketing expenses		-			-		-			(1,057	)		(1,057	)
General and administrative expenses		(39,844	)		-		(3,261	)		(38,919	)		(82,024	)
Net loss before taxation		(39,844	)		-		(247	)		(34,983	)		(75,074	)

Total assets	$	-		$	1	$	26,434		$	7,100		$	33,534

	Nevada			Seychelles			Hong Kong			China			Total
	For the period ended April 30, 2023
	Nevada			Seychelles			Hong Kong			China			Total

Revenue	$	-		$	-		$	120,938		$	8,420		$	129,358
Cost of revenue		-			-			(108,844	)		(489	)		(109,333	)
Other income		-			-			4,793			2,372			7,165
Selling and marketing expenses		-			-			(200	)		(79	)		(279	)
General and administrative expenses		(30,070	)		(1,600	)		(16,534	)		(46,691	)		(94,895	)
Net (loss)/profit before taxation		(30,070	)		(1,600	)		153			(36,467	)		(67,984	)

Total assets	$	-		$	1		$	5,667		$	60,168		$	65,835

19. SUBSEQUENT EVENTS

On May 21, 2024, the Company filed with the Secretary of State of the State of Nevada a Certificate of Amendment to its Certificate of Incorporation to change its corporate name from MU Global Holding Limited to Vanguard Green Investment Limited effective on June 15, 2024.

In connection with the Certificate of Amendment, the Company requested that the Financial Industry Regulatory Authority (“FINRA”) process the name change and assign a new stock symbol for its common shares. Its common stock will continue to trade on the OTC Markets OTC Pink under the ticker symbol “MUGH” until such time as FINRA processes the name change and request for a new symbol.

F-18

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

The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended July 31, 2023 filed with the Securities and Exchange Commission on October 30, 2023 (the “Form 10-K”) and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Company Overview

MU Global Holding Limited, the US Company, operates through its wholly owned subsidiary, MU Worldwide Group Limited, a Seychelles Company; which operates through its wholly owned subsidiary, MU Global Holding Limited, a Hong Kong Company; which operates through its wholly owned subsidiary, MU Global Health Management (Shanghai) Limited, a Shanghai Company. The US, Seychelles and Hong Kong Companies act solely for holding purposes whereas all current and future operations in China are planned to be carried out via MU Global Health Management (Shanghai) Limited, the Shanghai Company. The purpose of the Hong Kong Company is to function as the current regional hub of the Company.

At present, we have a physical office in Shanghai with address of Room 1510, Building 5, Ark Times Square, 3148 Chengliu Middle Road, Jiading District, Shanghai. In the future, we do not have definitive plans for which markets intend to expand to, but we base our operations in Shanghai, as we prepare for future unidentified expansion efforts.

All of the previous entities share the same exact business plan with the goal of developing and providing wellness and beauty services to our future clients. We aim to promote improved overall health and beauty in our clients through a holistic detoxification method. We will, at least initially, primarily focus our efforts on attracting customers in China. We have intentions, but no definitive plans or timelines, to expand to Singapore, Malaysia, Hong Kong, and Middle Eastern countries in the coming years, and subsequently we intend to make efforts to expand throughout Asia. We anticipate spending a substantial amount in marketing and advertising in the coming year.

Results of Operation

For the three months ended April 30, 2024 and 2023

Revenues

For the three months ended April 30, 2024 and 2023, the Company has generated revenue of $0 and $1,117 respectively. The revenue represented income from wellness and beauty services provided to customers, sales of products and sharing of revenue from leasable equipment with business alliance and franchisee.

Cost of Revenue and Gross Margin

For the three months ended April 30, 2024 and 2023, cost incurred arise in providing wellness and beauty services and selling of essential oil is $0 and $489 respectively, and generate a gross profit the for the three months ended April 30, 2024 and 2023 of $0 and $628.

Selling and marketing expenses

For the three months ended April 30, 2024 and 2023, we had incurred marketing expenses in the amount of $142 and $1 respectively. The expense comprised of travelling expenses, courier and transportation expenses, internet and website expenses.

General and administrative expenses

For the three months ended April 30, 2024 and 2023, we had incurred general and administrative expenses in the amount of $29,648 and $19,458 respectively. These expenses are comprised of salary, allowance, professional fees, consultancy fee for IT and system management, office and outlet operation expenses and depreciation.

Finance cost

For the three months ended April 30, 2024 and 2023, we had incurred finance cost in the amount of $2,504 and $2,809 respectively. The finance cost represented interest expense on long-term loan from director and long-term loan from third party.

Other Income

The Company recorded an amount of $1,459 and $4,807 as other income for the three months ended April 30, 2024 and 2023. This income is derived from the interest income, foreign exchange gain, gain on disposal and gain on measurement of long-term liabilities.

Net Loss

Our net loss for three months ended April 30, 2024 and 2023 were $30,835 and $16,833. The net loss mainly derived from the general and administrative expenses incurred. The increase in net loss of $14,002 was mainly due to higher spend in general and administrative expenses during the period ended April 30, 2024.

For the nine months ended April 30, 2024 and 2023

Revenues

For the nine months ended April 30, 2024 and 2023, the Company has generated revenue of $343 and $129,358 respectively. The revenue represented income from wellness and beauty services provided to customers, sales of products and sharing of revenue from leasable equipment with business alliance and franchisee.

Cost of Revenue and Gross Margin

For the nine months ended April 30, 2024 and 2023, cost incurred arise in providing wellness and beauty services and selling of essential oil is $0 and $109,333 respectively, and generate a gross profit the for the nine months ended April 30, 2024 and 2023 of $343 and $20,025.

Selling and marketing expenses

For the nine months ended April 30, 2024 and 2023, we had incurred marketing expenses in the amount of $1,057 and $279 respectively. The expense comprised of travelling expenses, courier and transportation expenses, internet and website expenses.

General and administrative expenses

For the nine months ended April 30, 2024 and 2023, we had incurred general and administrative expenses in the amount of $74,864 and $86,797 respectively. These expenses are comprised of salary, allowance, professional fees, consultancy fee for IT and system management, office and outlet operation expenses.

Finance cost

For the nine months ended April 30, 2024 and 2023, we had incurred finance cost in the amount of $7,160 and $8,098 respectively. The finance cost represented interest expense on long-term loan from director and long-term loan from third party.

Other Income

The Company recorded an amount of $7,664 and $7,165 as other income for the nine months ended April 30, 2024 and 2023. This income is derived from the interest income, foreign exchange gain, gain on disposal and gain on measurement of long-term liabilities.

Net Loss

Our net loss for nine months ended April 30, 2024 and 2023 were $75,074 and $67,984. The net loss mainly derived from the general and administrative expenses incurred. The increase in net loss of $7,090 as a result of increased of general and administrative expenses incurred during the period ended April 30, 2024.

Liquidity and Capital Resources

As of April 30, 2024 and 2023, we had cash and cash equivalents of $26,302 and $4,967 respectively. We expect increased levels of operations going forward will result in more significant cash flow and in turn working.

We depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements and to make capital investments in connection with ongoing operations. During the period ended April 30, 2024, the Company had met these requirements primarily from the financial support from director and third party company.

Cash Used in Operating Activities

For the nine months ended April 30, 2024, net cash used in operating activities was $90,558 as compared to net cash used in operating activities of $47,759 for the nine months ended April 30, 2023. The cash used in operating activities was mainly for payment of general and administrative expenses.

Cash Generated from Financing Activities

For the nine months ended April 30, 2024 and 2023, net cash generated from financing activities was $108,273 and $46,196 respectively. The financing cash flow performance primarily reflects loan from director and third party.

Cash Generated from Investing Activities

For the nine months ended April 30, 2024 and 2023, the net cash generated from investing activities was $4,063 and $3,403 respectively. The investing cash flow performance primarily reflects the purchase of property, plant and equipment and trademark and disposal of property, plant and equipment.

Credit Facilities

We do not have any credit facilities or other access to bank credit.

Off-balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of April 30, 2024.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures:

We carried out 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 April 30, 2024. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of April 30, 2024, 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 April 30, 2024, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Changes in Internal Control over Financial Reporting:

There were no changes in our internal control over financial reporting during the quarter ended April 30, 2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

Item 1A. Risk Factors.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information.

None

ITEM 6. Exhibits

Exhibit No.		Description

31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*

32.1		Section 1350 Certification of principal executive officer *

101.INS		Inline XBRL Instance Document*

101.SCH		Inline XBRL Schema Document*

101.CAL		Inline XBRL Calculation Linkbase Document*

101.DEF		Inline XBRL Definition Linkbase Document*

101.LAB		Inline XBRL Label Linkbase Document*

101.PRE		Inline XBRL Presentation Linkbase Document*

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith.

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.

	MU Global Holding Limited
	(Name of Registrant)

Date: June 13, 2024	By:	/s/ NIU YEN YEN
	Title:	Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

EXHIBIT 31.1

CERTIFICATION

I, NIU YEN YEN, certify that:

1. I have reviewed this quarterly report on Form 10-Q of MU Global Holding Limited (the “Company”) for the quarter ended April 30, 2024;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 13, 2024	By:	/s/ NIU YEN YEN
		NIU YEN YEN
		Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MU Global Holding Limited (the “Company”) on Form 10-Q for the quarter ended April 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: June 13, 2024	By:	/s/ NIU YEN YEN
		NIU YEN YEN
		Chief Executive Officer, Chief Financial Officer, President, Director, Secretary and Treasurer
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Cover	9 Months Ended
Cover	Apr. 30, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--07-31
Entity File Number	333-228847
Entity Registrant Name	MU GLOBAL HOLDING LIMITED
Entity Central Index Key	0001746119
Entity Tax Identification Number	30-1089215
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Rm. 5, 7F., No. 296, Sec. 4
Entity Address, Address Line Two	Xinyi Rd.
Entity Address, Address Line Three	Da’an Dist.
Entity Address, City or Town	Taipei City
Entity Address, Country	TW
Entity Address, Postal Zip Code	106427
City Area Code	+886
Local Phone Number	905153139
Title of 12(b) Security	Common Stock
Trading Symbol	MUGH
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding	59,434,838

Condensed Consolidated Balance Sheets - USD ($)	Apr. 30, 2024	Jul. 31, 2023
NON-CURRENT ASSETS
Property, plant and equipment
Leased asset – Right of use	2,526	6,407
Total non-current assets, excluding intangible assets	2,526	6,407
INTANGIBLE ASSET
Patent and trademark
Total non-current assets	2,526	6,407
CURRENT ASSETS
Prepayments and deposits	3,393	9,264
Amount due from related party		2,112
Inventories	1,313	1,333
Cash and cash equivalents	26,302	4,425
Total current assets	31,008	17,134
TOTAL ASSETS	33,534	23,541
NON-CURRENT LIABILITIES
Leased liabilities		976
Total non-current liabilities	238,186	207,949
CURRENT LIABILITIES
Other payables and accrued liabilities	46,821	65,454
Deposit from franchisees	24,581	27,774
Deposit from customers	36,598	37,135
Leased liabilities	2,391	5,223
Total current liabilities	449,822	399,567
TOTAL LIABILITIES	688,008	607,516
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 59,434,838 shares issued and outstanding as of April 30, 2024 and July 31, 2023 respectively	5,943	5,943
Additional paid-in capital	1,830,300	1,830,300
Foreign currency adjustment	42,365	37,790
Accumulated deficit	(2,533,082)	(2,458,008)
Total stockholders’ equity	(654,474)	(583,975)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	33,534	23,541
Director [Member]
NON-CURRENT LIABILITIES
Loan from related party	113,002	110,985
CURRENT LIABILITIES
Loan from director	241,189	170,805
Third Party [Member]
NON-CURRENT LIABILITIES
Loan from related party	125,184	95,988
Related Party [Member]
CURRENT ASSETS
Amount due from related party		2,112
CURRENT LIABILITIES
Loan from director	$ 98,242	$ 93,176

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2024	Jul. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	59,434,838	59,434,838
Common stock, shares outstanding	59,434,838	59,434,838

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
REVENUE		$ 1,117	$ 343	$ 129,358
GROSS PROFIT		628	343	20,025
OTHER INCOME	1,459	4,807	7,664	7,165
SELLING AND MARKETING EXPENSES	(142)	(1)	(1,057)	(279)
FINANCE COST	(2,504)	(2,809)	(7,160)	(8,098)
LOSS BEFORE INCOME TAX	(30,835)	(16,833)	(75,074)	(67,984)
INCOME TAX PROVISION
NET LOSS	(30,835)	(16,833)	(75,074)	(67,984)
Other comprehensive loss:
- Foreign currency translation gain	5,150	7,685	4,575	7,420
TOTAL COMPREHENSIVE LOSS	$ (25,685)	$ (9,148)	$ (70,499)	$ (60,564)
Net loss per share- Basic	$ (0.0004)	$ (0.0002)	$ (0.0012)	$ (0.0010)
Net loss per share- Diluted	$ (0.0004)	$ (0.0002)	$ (0.0012)	$ (0.0010)
Weighted average number of common shares outstanding - Basic	59,434,838	59,434,838	59,434,838	59,434,838
Weighted average number of common shares outstanding - Diluted	59,434,838	59,434,838	59,434,838	59,434,838
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
COST OF REVENUE		$ (489)		$ (489)
GENERAL AND ADMINISTRATIVE EXPENSES	(27,148)	(14,758)	(67,364)	(65,249)
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
COST OF REVENUE				(108,844)
GENERAL AND ADMINISTRATIVE EXPENSES	$ (2,500)	$ (4,700)	$ (7,500)	$ (21,548)

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Jul. 31, 2022	$ 5,943	$ 1,830,300	$ 19,574	$ (2,389,181)	$ (533,364)
Balance, shares at Jul. 31, 2022	59,434,838
Net loss for the period				(32,812)	(32,812)
Foreign currency translation adjustment			24,413		24,413
Balance at Oct. 31, 2022	$ 5,943	1,830,300	43,987	(2,421,993)	(541,763)
Balance, shares at Oct. 31, 2022	59,434,838
Balance at Jul. 31, 2022	$ 5,943	1,830,300	19,574	(2,389,181)	(533,364)
Balance, shares at Jul. 31, 2022	59,434,838
Net loss for the period					(67,984)
Foreign currency translation adjustment					7,420
Balance at Apr. 30, 2023	$ 5,943	1,830,300	26,994	(2,457,165)	(593,928)
Balance, shares at Apr. 30, 2023	59,434,838
Balance at Oct. 31, 2022	$ 5,943	1,830,300	43,987	(2,421,993)	(541,763)
Balance, shares at Oct. 31, 2022	59,434,838
Net loss for the period				(18,339)	(18,339)
Foreign currency translation adjustment			(24,678)		(24,678)
Balance at Jan. 31, 2023	$ 5,943	1,830,300	19,309	(2,440,332)	(584,780)
Balance, shares at Jan. 31, 2023	59,434,838
Net loss for the period				(16,833)	(16,833)
Foreign currency translation adjustment			7,685		7,685
Balance at Apr. 30, 2023	$ 5,943	1,830,300	26,994	(2,457,165)	(593,928)
Balance, shares at Apr. 30, 2023	59,434,838
Balance at Jul. 31, 2023	$ 5,943	1,830,300	37,790	(2,458,008)	(583,975)
Balance, shares at Jul. 31, 2023	59,434,838
Net loss for the period				(25,252)	(25,252)
Foreign currency translation adjustment			6,445		6,445
Balance at Oct. 31, 2023	$ 5,943	1,830,300	44,235	(2,483,260)	(602,782)
Balance, shares at Oct. 31, 2023	59,434,838
Balance at Jul. 31, 2023	$ 5,943	1,830,300	37,790	(2,458,008)	(583,975)
Balance, shares at Jul. 31, 2023	59,434,838
Net loss for the period					(75,074)
Foreign currency translation adjustment					4,575
Balance at Apr. 30, 2024	$ 5,943	1,830,300	42,365	(2,533,082)	(654,474)
Balance, shares at Apr. 30, 2024	59,434,838
Balance at Oct. 31, 2023	$ 5,943	1,830,300	44,235	(2,483,260)	(602,782)
Balance, shares at Oct. 31, 2023	59,434,838
Net loss for the period				(18,987)	(18,987)
Foreign currency translation adjustment			(7,020)		(7,020)
Balance at Jan. 31, 2024	$ 5,943	1,830,300	37,215	(2,502,247)	(628,789)
Balance, shares at Jan. 31, 2024	59,434,838
Net loss for the period				(30,835)	(30,835)
Foreign currency translation adjustment			5,150		5,150
Balance at Apr. 30, 2024	$ 5,943	$ 1,830,300	$ 42,365	$ (2,533,082)	$ (654,474)
Balance, shares at Apr. 30, 2024	59,434,838

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Apr. 30, 2024	Oct. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (30,835)	$ (25,252)	$ (16,833)	$ (32,812)	$ (75,074)	$ (67,984)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization					3,805	3,649
Impairment					(1,051)	1,502
Reversal of asset written off						(6)
Lease interest					150	155
Gain on disposal					(3,012)	(4,899)	$ (14,144)
Gain on discounting of long-term loan					(3,671)
Changes in operating assets and liabilities:
Prepayments and deposits					5,845	1,332
Other payables and accrued liabilities					(18,043)	(14,206)
Amount due to related party					1,729	8,193
Inventories						489
Lease liabilities					(3,867)	(4,050)
Amount due from related party					5,449	11,295
Deposit from franchisee					(2,818)
Deposit from customers						16,771
Net cash used in operating activities					(90,558)	(47,759)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of patent and trademark					(2,466)	(3,584)
Proceed on disposal					6,529	6,987
Net cash generated from investing activities					4,063	3,403
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from director					70,384	24,366
Loan from related party						(2,966)
Loan from third party					30,729	16,698
Interest expense					7,160	8,098
Net cash generated from financing activities					108,273	46,196
Effect of foreign exchange translation					99	218
Net change in cash and cash equivalents					21,877	2,058
Cash and cash equivalents, beginning of period		$ 4,425		$ 2,909	4,425	2,909	2,909
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 26,302		$ 4,967		$ 26,302	$ 4,967	$ 4,425

DESCRIPTION OF BUSINESS AND ORGANIZATION

9 Months Ended

Apr. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS AND ORGANIZATION

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

Details of the Company’s subsidiary:

SCHEDULE OF COMPANY’S SUBSIDIARY

	Company name	Place and date of incorporation	Particulars of issued capital	Principal activities

1.	MU Worldwide Group Limited	Seychelles, June 7, 2018	100 shares of ordinary share of US$1 each	Investment holding

2.	MU Global Holding Limited	Hong Kong, January 30, 2018	1 ordinary share of HK$1	Providing SPA and Wellness service in Hong Kong

3.	MU Global Health Management (Shanghai) Limited	Shanghai, August 16, 2018	RMB 7,405,866	Providing SPA and Wellness service in China

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of estimates

Revenue recognition

Cost of revenue

Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.

Cash and cash equivalents

Property, plant and equipment

Classification		Estimated useful life
Leasable equipment		5 years
Computer hardware and software		3 years
Office equipment		3 years
Outlet design fee and equipment		3 years
Application development fee		3 years

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Impairment of long-live assets

Leases

The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.

Inventories

Income taxes

Going concern

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Net loss per share

Foreign currencies translation

The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.

Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended April 30
	2024		2023
Period-end RMB : US$1 exchange rate		7.24		6.91
Period-average RMB : US$1 exchange rate		7.21		6.95
Period-end HK$ : US$1 exchange rate		7.82		7.85
Period-average HK$ : US$1 exchange rate		7.82		7.84
Period-end TWD : US$1 exchange rate		32.60		30.79
Period-average TWD : US$1 exchange rate		31.76		30.77

Related parties

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Fair value of financial instruments:

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.

Recent accounting pronouncements

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Apr. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

3. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of April 30, 2024 are summarized below:

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)

Computer hardware and software	$	129,301		$	129,301
Outlet equipment		120,569			120,569
Leasable equipment		212,072			216,378
Outlet design fee and equipment		16,763			16,763
App development fee		37,413			37,413
Total		516,118			520,424
Accumulated depreciation¹	$	(394,351	)	$	(395,140	)
Impairment		(139,665	)		(143,182	)
Foreign currency translation adjustment		17,898			17,898
Property, plant and equipment, net	$	-		$	-

¹	For the period ended April 30, 2024 and April 30, 2023, depreciation expense was $0 and $0 respectively.

DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)
Proceed from disposal of property, plant and equipment	$	6,529		$	20,514
Disposal of equipment written off at net book value		-			(6	)
Disposal of equipment impaired at net book value		(3,517	)		(6,364	)
Total gain on disposal	$	3,012		$	14,144

LEASE

9 Months Ended

Apr. 30, 2024

Lease

LEASE

4. LEASE

The initial recognition of operating lease right and lease liability as follow:


Gross lease payable	$	12,048
Less: Imputed interest		(467	)
Initial recognition	$	11,581
Less: Remeasurement of existing lease		(843	)
Balance	$	10,738

As of April 30, 2024 and July 31, 2023, the operating lease right of use asset as follow:

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
Balance at beginning of the period/year		6,407			6,267
Add: New operating lease liability		-			5,223
Foreign exchange translation loss		(76	)		(246	)
Amortization		(3,805	)		(4,837	)
Balance at end of the period/year	$	2,526		$	6,407

As of April 30, 2024 and July 31, 2023, the operating lease liability as follow:

SCHEDULE OF OPERATING LEASE LIABILITY

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
As of August 1	$	6,199		$	6,559
Add: New operating lease liability		-			5,223
Less: Gross repayment		(3,884	)		(5,509	)
Add: Imputed interest		150			176
Foreign exchange translation loss		(74	)		(250	)
Balance end of the period/year	$	2,391		$	6,199

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Maturities of operating lease obligation as follow:


Year ending
July 31, 2024 (3 months)	$	1,909
October 31, 2024 (3 months)		482
Total	$	2,391

Other information:

SCHEDULE OF OTHER INFORMATION

	Nine months ended			Nine months ended
	April 30, 2024			April 30, 2023
	(Unaudited)			(Unaudited)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	3,867		$	3,895
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,526		$	2,446
Remaining lease term for operating lease (years)		0.5			0.5
Weighted average discount rate for operating lease		4.35	%		4.35	%

Lease expenses were $150 and $155 during the period ended April 30, 2024 and April 30, 2023 respectively.

PATENT AND TRADEMARK

9 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

PATENT AND TRADEMARK

5. PATENT AND TRADEMARK

SCHEDULE OF PATENT AND TRADEMARK

	As of			As of
	April 30, 2024			July 31, 2023
	(Unaudited)			(Audited)
Patent and trademark¹	$	38,454		$	35,988
Accumulated amortization		(6,986	)		(6,986	)
Impairment		(31,442	)		(28,976	)
Foreign currency translation adjustment		(26	)		(26	)
Patent and trademark, net	$	-		$	-

¹	The patents and trademarks are held under the Company’s subsidiaries in Hong Kong and Shanghai, China.

Amortization were $0 and $0 for the period ended April 30, 2024 and April 30, 2023 respectively.

PREPAYMENTS AND DEPOSITS

9 Months Ended

Apr. 30, 2024

Prepayments And Deposits

PREPAYMENTS AND DEPOSITS

6. PREPAYMENTS AND DEPOSITS

SCHEDULE OF PREPAYMENTS AND DEPOSITS

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Prepayments	$	626	$	4,017
Deposits		2,767		5,247
Total prepayments and deposits	$	3,393	$	9,264

AMOUNT DUE FROM RELATED PARTY

9 Months Ended

Apr. 30, 2024

Amount Due From Related Party

AMOUNT DUE FROM RELATED PARTY

7. AMOUNT DUE FROM RELATED PARTY

SCHEDULE OF DUE FROM RELATED PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Tien Mu International Co., Ltd¹	$	-	$	2,112
Total amount due from related party	$	-	$	2,112

¹	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. Tien Mu International Co., Ltd is an operating agent of the Company’s operation in Taiwan, which collects deposits from franchisees on behalf of the Company.

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

INVENTORIES

9 Months Ended

Apr. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES

8. INVENTORIES

SCHEDULE OF INVENTORIES

	As of		As of
	April 30, 2024		July 31, 2023
	(Unaudited)		(Audited)
Finished goods, at cost	$	1,313	$	1,333
Total inventories	$	1,313	$	1,333

OTHER PAYABLES AND ACCRUED LIABILITIES

9 Months Ended

Apr. 30, 2024

Payables and Accruals [Abstract]

OTHER PAYABLES AND ACCRUED LIABILITIES

9. OTHER PAYABLES AND ACCRUED LIABILITIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Other payables	$	40,821	$	40,854
Accrued audit fees		-		15,000
Accrued professional fees		6,000		9,600
Total other payables and accrued liabilities	$	46,821	$	65,454

AMOUNT DUE TO RELATED PARTIES

9 Months Ended

Apr. 30, 2024

Amount Due To Related Parties

AMOUNT DUE TO RELATED PARTIES

10. AMOUNT DUE TO RELATED PARTIES

SCHEDULE OF DUE TO RELATED PARTIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Hsieh, Chang-Chung¹	$	93,176	$	93,176
Tien Mu International Co., Ltd²		5,066		-
	$	98,242	$	93,176

¹	Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.

²	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

The amount due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose.

LOAN FROM THIRD PARTY

9 Months Ended

Apr. 30, 2024

Loan From Third Party

LOAN FROM THIRD PARTY

11. LOAN FROM THIRD PARTY

SCHEDULE OF LOAN FROM THIRD PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Shang Hai Shi Ba Enterprise Management Centre	$	125,184	$	95,988
Total loan from third party	$	125,184	$	95,988

The loan is unsecured, interest-free and repayable in year 2025, 2026 and 2027.

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

LOAN FROM DIRECTOR

9 Months Ended

Apr. 30, 2024

Loan From Director

LOAN FROM DIRECTOR

12. LOAN FROM DIRECTOR

SCHEDULE OF LOAN FROM DIRECTOR

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Current	$	241,189	$	170,805
Non-current		113,002		110,985
Total loan from Director	$	354,191	$	281,790

Current portion of the loan provided by director Niu Yen-Yen is unsecured, interest-free and repayable upon demand.

INCOME TAXES

9 Months Ended

Apr. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

13. INCOME TAXES

For the nine months ended April 30, 2024 and April 30, 2023, the local (United States) and foreign components of loss before income taxes were comprised of the following:

SCHEDULE OF LOSS BEFORE INCOME TAX

	2024			2023
	Nine months ended April 30
	2024			2023
Tax jurisdictions from:
Local	$	(39,844	)	$	(30,070	)
Foreign, representing
- Seychelles		-			(1,600	)
- Hong Kong		(247	)		153
- Shanghai		(34,983	)		(36,467	)
Foreign		(34,983	)		(36,467	)
Loss before income tax	$	(75,074	)	$	(67,984	)

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

	For the period ended April 30, 2024		For the period ended April 30, 2023
Current:
- Local	$	-	$	-
- Foreign		-		-
Deferred:
- Local		-		-
- Foreign		-		-

Income tax expense	$	-	$	-

United States of America

Seychelles

Hong Kong

MU Global Holding Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income.

Shanghai

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

COMMON STOCK

9 Months Ended

Apr. 30, 2024

Equity [Abstract]

COMMON STOCK

14. COMMON STOCK

On July 10, 2018, Server Int’l Co., Ltd, a Company solely controlled and owned by the CEO has transferred 1,500,000 shares of common stock to 8 non-US residents.

From August 1, 2018 to December 13, 2018, Ms. Niu Yen-Yen, the CEO of the Company has transferred 1,557,800 shares of common stock to 16 non-US residents.

From May 14, 2019 to July 31, 2019, the company issued 150,317 shares of common stock at a price of $1.00 per share through the Initial Public Offering (IPO) to 36 non-US residents.

From August 1, 2022 to July 31, 2023, Ms. Niu Yen-Yen had sold 610,000 shares of common stock to 5 non-US residents.

As of April 30, 2024, MU Global Holding Limited has an issued and outstanding common share of 59,434,838.

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

CONCENTRATIONS OF RISK

9 Months Ended

Apr. 30, 2024

Risks and Uncertainties [Abstract]

CONCENTRATIONS OF RISK

15. CONCENTRATIONS OF RISK

(a) Major customers

SCHEDULE OF CONCENTRATION OF RISK

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	-	$	477		-	%		43	%	$	-	$	-
Customer B		-		608		-	%		54	%		-		-
	$	-	$	1,085		-	%		97	%	$	-	$	-

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	343	$	-		100	%		-	%	$	-	$	-
Customer B		-		120,938		-	%		94	%		-		-
	$	343	$	120,938		100	%		94	%	$	-	$	-

(b) Major vendors

For the three months period ended April 30, 2024 and 2023, there is no vendor who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end.

For the nine months period ended April 30, 2024 and 2023, the vendors who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end are presented as follows:

	2024		2023		2024			2023			2024		2023
	Purchases				Percentage of purchases						Trade payable
	(Unaudited)				(Unaudited)						(Unaudited)

Vendor A	$	-	$	108,844		-	%		100	%	$	-	$	-
	$	-	$	108,844		-	%		100	%	$	-	$	-

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

16. COMMITMENTS AND CONTINGENCIES

As of April 30, 2024, the Company has the aggregate minimal rent payments due in the next two years as follows:

Year ending July 31

2024	$	1,909
2025		482
Total	$	2,391

RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2024

RELATED PARTY TRANSACTIONS

17. RELATED PARTY TRANSACTIONS

For the period ended April 30, 2024 the Company has following transactions with related parties:

	For the period ended April 30, 2024 (Unaudited)		For the year ended July 31, 2023 (Audited)
Professional fee:
- Related party A	$	7,500	$	16,080

Consultation fee:
- Related party B	$	-	$	8,100

Total	$	7,500	$	24,180

Related party A is the fellow subsidiaries of a corporate shareholder of the Company. Related party B is the employee and shareholder of the Company.

For the period ended April 30, 2024, the Company incurred professional fees of $7,500 to related party A.

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

SEGMENT INFORMATION

9 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

18. SEGMENT INFORMATION

The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

By Geography:

	Nevada			Seychelles		Hong Kong			China			Total
	For the period ended April 30, 2024
	Nevada			Seychelles		Hong Kong			China			Total

Revenue	$	-		$	-	$	-		$	343		$	343
Cost of revenue		-			-		-			-			-
Other income		-			-		3,014			4,650			7,664
Selling and marketing expenses		-			-		-			(1,057	)		(1,057	)
General and administrative expenses		(39,844	)		-		(3,261	)		(38,919	)		(82,024	)
Net loss before taxation		(39,844	)		-		(247	)		(34,983	)		(75,074	)

Total assets	$	-		$	1	$	26,434		$	7,100		$	33,534

	Nevada			Seychelles			Hong Kong			China			Total
	For the period ended April 30, 2023
	Nevada			Seychelles			Hong Kong			China			Total

Revenue	$	-		$	-		$	120,938		$	8,420		$	129,358
Cost of revenue		-			-			(108,844	)		(489	)		(109,333	)
Other income		-			-			4,793			2,372			7,165
Selling and marketing expenses		-			-			(200	)		(79	)		(279	)
General and administrative expenses		(30,070	)		(1,600	)		(16,534	)		(46,691	)		(94,895	)
Net (loss)/profit before taxation		(30,070	)		(1,600	)		153			(36,467	)		(67,984	)

Total assets	$	-		$	1		$	5,667		$	60,168		$	65,835

SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

Basis of presentation

Basis of consolidation

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of estimates

Revenue recognition

Cost of revenue

Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products.

Cash and cash equivalents

Property, plant and equipment

Classification		Estimated useful life
Leasable equipment		5 years
Computer hardware and software		3 years
Office equipment		3 years
Outlet design fee and equipment		3 years
Application development fee		3 years

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Impairment of long-live assets

Leases

The Company recognizes lease payments for its short-term lease on a straight-line basis over the lease term in accordance with ASC 842.

Inventories

Income taxes

Going concern

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Net loss per share

Foreign currencies translation

The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$.

Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended April 30
	2024		2023
Period-end RMB : US$1 exchange rate		7.24		6.91
Period-average RMB : US$1 exchange rate		7.21		6.95
Period-end HK$ : US$1 exchange rate		7.82		7.85
Period-average HK$ : US$1 exchange rate		7.82		7.84
Period-end TWD : US$1 exchange rate		32.60		30.79
Period-average TWD : US$1 exchange rate		31.76		30.77

Related parties

MU GLOBAL HOLDING LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2024

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

Fair value of financial instruments

Fair value of financial instruments:

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.

Recent accounting pronouncements

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)

9 Months Ended

Apr. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF COMPANY’S SUBSIDIARY

Details of the Company’s subsidiary:

SCHEDULE OF COMPANY’S SUBSIDIARY

	Company name	Place and date of incorporation	Particulars of issued capital	Principal activities

1.	MU Worldwide Group Limited	Seychelles, June 7, 2018	100 shares of ordinary share of US$1 each	Investment holding

2.	MU Global Holding Limited	Hong Kong, January 30, 2018	1 ordinary share of HK$1	Providing SPA and Wellness service in Hong Kong

3.	MU Global Health Management (Shanghai) Limited	Shanghai, August 16, 2018	RMB 7,405,866	Providing SPA and Wellness service in China

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE

Classification		Estimated useful life
Leasable equipment		5 years
Computer hardware and software		3 years
Office equipment		3 years
Outlet design fee and equipment		3 years
Application development fee		3 years

SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION

Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the nine months ended April 30
	2024		2023
Period-end RMB : US$1 exchange rate		7.24		6.91
Period-average RMB : US$1 exchange rate		7.21		6.95
Period-end HK$ : US$1 exchange rate		7.82		7.85
Period-average HK$ : US$1 exchange rate		7.82		7.84
Period-end TWD : US$1 exchange rate		32.60		30.79
Period-average TWD : US$1 exchange rate		31.76		30.77

PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Apr. 30, 2024

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of April 30, 2024 are summarized below:

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)

Computer hardware and software	$	129,301		$	129,301
Outlet equipment		120,569			120,569
Leasable equipment		212,072			216,378
Outlet design fee and equipment		16,763			16,763
App development fee		37,413			37,413
Total		516,118			520,424
Accumulated depreciation¹	$	(394,351	)	$	(395,140	)
Impairment		(139,665	)		(143,182	)
Foreign currency translation adjustment		17,898			17,898
Property, plant and equipment, net	$	-		$	-

¹	For the period ended April 30, 2024 and April 30, 2023, depreciation expense was $0 and $0 respectively.

SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT

	As of April 30, 2024			As of July 31, 2023
	(Unaudited)			(Audited)
Proceed from disposal of property, plant and equipment	$	6,529		$	20,514
Disposal of equipment written off at net book value		-			(6	)
Disposal of equipment impaired at net book value		(3,517	)		(6,364	)
Total gain on disposal	$	3,012		$	14,144

LEASE (Tables)

9 Months Ended

Apr. 30, 2024

Lease

SCHEDULE OF RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY

The initial recognition of operating lease right and lease liability as follow:


Gross lease payable	$	12,048
Less: Imputed interest		(467	)
Initial recognition	$	11,581
Less: Remeasurement of existing lease		(843	)
Balance	$	10,738

SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET

As of April 30, 2024 and July 31, 2023, the operating lease right of use asset as follow:

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
Balance at beginning of the period/year		6,407			6,267
Add: New operating lease liability		-			5,223
Foreign exchange translation loss		(76	)		(246	)
Amortization		(3,805	)		(4,837	)
Balance at end of the period/year	$	2,526		$	6,407

SCHEDULE OF OPERATING LEASE LIABILITY

As of April 30, 2024 and July 31, 2023, the operating lease liability as follow:

SCHEDULE OF OPERATING LEASE LIABILITY

	As of April 30, 2024 (Unaudited)			As of July 31, 2023 (Audited)
As of August 1	$	6,199		$	6,559
Add: New operating lease liability		-			5,223
Less: Gross repayment		(3,884	)		(5,509	)
Add: Imputed interest		150			176
Foreign exchange translation loss		(74	)		(250	)
Balance end of the period/year	$	2,391		$	6,199

SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION

Maturities of operating lease obligation as follow:


Year ending
July 31, 2024 (3 months)	$	1,909
October 31, 2024 (3 months)		482
Total	$	2,391

SCHEDULE OF OTHER INFORMATION

Other information:

SCHEDULE OF OTHER INFORMATION

	Nine months ended			Nine months ended
	April 30, 2024			April 30, 2023
	(Unaudited)			(Unaudited)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	3,867		$	3,895
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,526		$	2,446
Remaining lease term for operating lease (years)		0.5			0.5
Weighted average discount rate for operating lease		4.35	%		4.35	%

PATENT AND TRADEMARK (Tables)

9 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF PATENT AND TRADEMARK

	As of			As of
	April 30, 2024			July 31, 2023
	(Unaudited)			(Audited)
Patent and trademark¹	$	38,454		$	35,988
Accumulated amortization		(6,986	)		(6,986	)
Impairment		(31,442	)		(28,976	)
Foreign currency translation adjustment		(26	)		(26	)
Patent and trademark, net	$	-		$	-

¹	The patents and trademarks are held under the Company’s subsidiaries in Hong Kong and Shanghai, China.

PREPAYMENTS AND DEPOSITS (Tables)

9 Months Ended

Apr. 30, 2024

Prepayments And Deposits

SCHEDULE OF PREPAYMENTS AND DEPOSITS

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Prepayments	$	626	$	4,017
Deposits		2,767		5,247
Total prepayments and deposits	$	3,393	$	9,264

AMOUNT DUE FROM RELATED PARTY (Tables)

9 Months Ended

Apr. 30, 2024

Amount Due From Related Party

SCHEDULE OF DUE FROM RELATED PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Tien Mu International Co., Ltd¹	$	-	$	2,112
Total amount due from related party	$	-	$	2,112

¹	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. Tien Mu International Co., Ltd is an operating agent of the Company’s operation in Taiwan, which collects deposits from franchisees on behalf of the Company.

INVENTORIES (Tables)

9 Months Ended

Apr. 30, 2024

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORIES

	As of		As of
	April 30, 2024		July 31, 2023
	(Unaudited)		(Audited)
Finished goods, at cost	$	1,313	$	1,333
Total inventories	$	1,313	$	1,333

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)

9 Months Ended

Apr. 30, 2024

Payables and Accruals [Abstract]

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Other payables	$	40,821	$	40,854
Accrued audit fees		-		15,000
Accrued professional fees		6,000		9,600
Total other payables and accrued liabilities	$	46,821	$	65,454

AMOUNT DUE TO RELATED PARTIES (Tables)

9 Months Ended

Apr. 30, 2024

Amount Due To Related Parties

SCHEDULE OF DUE TO RELATED PARTIES

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Hsieh, Chang-Chung¹	$	93,176	$	93,176
Tien Mu International Co., Ltd²		5,066		-
	$	98,242	$	93,176

¹	Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.

²	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

LOAN FROM THIRD PARTY (Tables)

9 Months Ended

Apr. 30, 2024

Loan From Third Party

SCHEDULE OF LOAN FROM THIRD PARTY

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Shang Hai Shi Ba Enterprise Management Centre	$	125,184	$	95,988
Total loan from third party	$	125,184	$	95,988

LOAN FROM DIRECTOR (Tables)

9 Months Ended

Apr. 30, 2024

Loan From Director

SCHEDULE OF LOAN FROM DIRECTOR

	As of April 30, 2024		As of July 31, 2023
	(Unaudited)		(Audited)
Current	$	241,189	$	170,805
Non-current		113,002		110,985
Total loan from Director	$	354,191	$	281,790

INCOME TAXES (Tables)

9 Months Ended

Apr. 30, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF LOSS BEFORE INCOME TAX

For the nine months ended April 30, 2024 and April 30, 2023, the local (United States) and foreign components of loss before income taxes were comprised of the following:

SCHEDULE OF LOSS BEFORE INCOME TAX

	2024			2023
	Nine months ended April 30
	2024			2023
Tax jurisdictions from:
Local	$	(39,844	)	$	(30,070	)
Foreign, representing
- Seychelles		-			(1,600	)
- Hong Kong		(247	)		153
- Shanghai		(34,983	)		(36,467	)
Foreign		(34,983	)		(36,467	)
Loss before income tax	$	(75,074	)	$	(67,984	)

SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

	For the period ended April 30, 2024		For the period ended April 30, 2023
Current:
- Local	$	-	$	-
- Foreign		-		-
Deferred:
- Local		-		-
- Foreign		-		-

Income tax expense	$	-	$	-

CONCENTRATIONS OF RISK (Tables)

9 Months Ended

Apr. 30, 2024

Risks and Uncertainties [Abstract]

SCHEDULE OF CONCENTRATION OF RISK

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	-	$	477		-	%		43	%	$	-	$	-
Customer B		-		608		-	%		54	%		-		-
	$	-	$	1,085		-	%		97	%	$	-	$	-

	2024		2023		2024			2023			2024		2023
	Revenue				Percentage of revenue						Trade receivable
	(Unaudited)				(Unaudited)						(Unaudited)

Customer A	$	343	$	-		100	%		-	%	$	-	$	-
Customer B		-		120,938		-	%		94	%		-		-
	$	343	$	120,938		100	%		94	%	$	-	$	-

(b) Major vendors

For the three months period ended April 30, 2024 and 2023, there is no vendor who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end.

For the nine months period ended April 30, 2024 and 2023, the vendors who accounted for 10% or more of the Company’s purchases and its trade payable balance at period-end are presented as follows:

	2024		2023		2024			2023			2024		2023
	Purchases				Percentage of purchases						Trade payable
	(Unaudited)				(Unaudited)						(Unaudited)

Vendor A	$	-	$	108,844		-	%		100	%	$	-	$	-
	$	-	$	108,844		-	%		100	%	$	-	$	-

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF AGGREGATE MINIMAL RENT PAYMENTS

As of April 30, 2024, the Company has the aggregate minimal rent payments due in the next two years as follows:

Year ending July 31

2024	$	1,909
2025		482
Total	$	2,391

RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Apr. 30, 2024

SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY

For the period ended April 30, 2024 the Company has following transactions with related parties:

	For the period ended April 30, 2024 (Unaudited)		For the year ended July 31, 2023 (Audited)
Professional fee:
- Related party A	$	7,500	$	16,080

Consultation fee:
- Related party B	$	-	$	8,100

Total	$	7,500	$	24,180

SEGMENT INFORMATION (Tables)

9 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

By Geography:

	Nevada			Seychelles		Hong Kong			China			Total
	For the period ended April 30, 2024
	Nevada			Seychelles		Hong Kong			China			Total

Revenue	$	-		$	-	$	-		$	343		$	343
Cost of revenue		-			-		-			-			-
Other income		-			-		3,014			4,650			7,664
Selling and marketing expenses		-			-		-			(1,057	)		(1,057	)
General and administrative expenses		(39,844	)		-		(3,261	)		(38,919	)		(82,024	)
Net loss before taxation		(39,844	)		-		(247	)		(34,983	)		(75,074	)

Total assets	$	-		$	1	$	26,434		$	7,100		$	33,534

	Nevada			Seychelles			Hong Kong			China			Total
	For the period ended April 30, 2023
	Nevada			Seychelles			Hong Kong			China			Total

Revenue	$	-		$	-		$	120,938		$	8,420		$	129,358
Cost of revenue		-			-			(108,844	)		(489	)		(109,333	)
Other income		-			-			4,793			2,372			7,165
Selling and marketing expenses		-			-			(200	)		(79	)		(279	)
General and administrative expenses		(30,070	)		(1,600	)		(16,534	)		(46,691	)		(94,895	)
Net (loss)/profit before taxation		(30,070	)		(1,600	)		153			(36,467	)		(67,984	)

Total assets	$	-		$	1		$	5,667		$	60,168		$	65,835

SCHEDULE OF COMPANY’S SUBSIDIARY (Details)	9 Months Ended
SCHEDULE OF COMPANY’S SUBSIDIARY (Details)	Apr. 30, 2024
MU Worldwide Group Limited [Member]
Place and date of incorporation	Seychelles, June 7, 2018
Particulars of issued capital	100 shares of ordinary share of US$1 each
Principal activities	Investment holding
MU Global Holding Limited [Member]
Place and date of incorporation	Hong Kong, January 30, 2018
Particulars of issued capital	1 ordinary share of HK$1
Principal activities	Providing SPA and Wellness service in Hong Kong
MU Global Health Management Shanghai Limited [Member]
Place and date of incorporation	Shanghai, August 16, 2018
Particulars of issued capital	RMB 7,405,866
Principal activities	Providing SPA and Wellness service in China

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative)	Jun. 29, 2018
MU Worldwide Group Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Acquired interest for private limited liability	100.00%

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT ESTIMATED LIFE (Details)	Apr. 30, 2024
Leasable Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Outlet Design Fee and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Application Development Fee [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years

SCHEDULE OF FOREIGN EXCHANGE RATES TRANSLATION (Details)	Apr. 30, 2024	Apr. 30, 2023
Period End RMB : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.24	6.91
Period Average RMB : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.21	6.95
Period End HK : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.82	7.85
Period Average HK : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	7.82	7.84
Period End TWD : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	32.60	30.79
Period-Average TWD : US$1 Exchange Rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign currency exchange rate, translation	31.76	30.77

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Apr. 30, 2024	Jan. 31, 2024	Oct. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023	Jul. 31, 2022
Accounting Policies [Abstract]
Income tax description for likelihood							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.
Net income loss	$ 30,835	$ 18,987	$ 25,252	$ 16,833	$ 18,339	$ 32,812	$ 75,074	$ 67,984
Accumulated deficit	2,533,082						2,533,082		$ 2,458,008
Capital deficiency	$ 654,474	$ 628,789	$ 602,782	$ 593,928	$ 584,780	$ 541,763	654,474	593,928	$ 583,975	$ 533,364
Net cash provided by used in operating activities							$ 90,558	$ 47,759

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)

Apr. 30, 2024

Jul. 31, 2023

Property, Plant and Equipment [Line Items]

Total

$ 516,118

$ 520,424

Accumulated depreciation

^[1]

(394,351)

(395,140)

Impairment

(139,665)

(143,182)

Foreign currency translation adjustment

17,898

Property, plant and equipment, net

Computer Equipment [Member]

Property, Plant and Equipment [Line Items]

Total

129,301

Outlet Equipment [Member]

Property, Plant and Equipment [Line Items]

Total

120,569

Leasable Equipment [Member]

Property, Plant and Equipment [Line Items]

Total

212,072

216,378

Outlet Design Fee and Equipment [Member]

Property, Plant and Equipment [Line Items]

Total

16,763

Application Development Fee [Member]

Property, Plant and Equipment [Line Items]

Total

$ 37,413

[1]	For the period ended April 30, 2024 and April 30, 2023, depreciation expense was $0 and $0 respectively.

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) (Parenthetical) - USD ($)	9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 0	$ 0

SCHEDULE OF DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	9 Months Ended		12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Proceed from disposal of property, plant and equipment	$ 6,529		$ 20,514
Disposal of equipment written off at net book value			(6)
Disposal of equipment impaired at net book value	(3,517)		(6,364)
Total gain on disposal	$ 3,012	$ 4,899	$ 14,144

SCHEDULE OF RECOGNITION OF OPERATING LEASE RIGHT AND LEASE LIABILITY (Details)	Apr. 30, 2024 USD ($)
Lease
Gross lease payable	$ 12,048
Less: Imputed interest	(467)
Initial recognition	11,581
Less: Remeasurement of existing lease	(843)
Balance	$ 10,738

SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET (Details) - USD ($)	9 Months Ended		12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023
Lease
Balance at beginning of the period/year	$ 6,407	$ 6,267	$ 6,267
Add: New operating lease liability			5,223
Foreign exchange translation loss	(76)		(246)
Amortization	(3,805)	$ (3,649)	(4,837)
Balance at end of the period/year	$ 2,526		$ 6,407

SCHEDULE OF OPERATING LEASE LIABILITY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2024	Jul. 31, 2023
Lease
As of August 1	$ 6,199	$ 6,559
Add: New operating lease liability		5,223
Less: Gross repayment	(3,884)	(5,509)
Add: Imputed interest	150	176
Foreign exchange translation loss	(74)	(250)
Balance end of the period/year	$ 2,391	$ 6,199

SCHEDULE OF MATURITIES OF OPERATING LEASE OBLIGATION (Details)	Apr. 30, 2024 USD ($)
Lease
July 31, 2024 (3 months)	$ 1,909
October 31, 2024 (3 months)	482
Total	$ 2,391

SCHEDULE OF OTHER INFORMATION (Details) - USD ($)	9 Months Ended
SCHEDULE OF OTHER INFORMATION (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Lease
Operating cash flow from operating lease	$ 3,867	$ 3,895
Right-of-use assets obtained in exchange for operating lease liabilities	$ 2,526	$ 2,446
Remaining lease term for operating lease (years)	6 months	6 months
Weighted average discount rate for operating lease	4.35%	4.35%

LEASE (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
LEASE (Details Narrative) - USD ($)	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023	Jul. 31, 2022	Nov. 06, 2021
Lease liability	$ 2,526		$ 6,407	$ 6,267
Lease discounted rate	4.35%	4.35%
Amortization of operating lease right of use asset	$ 3,805	$ 3,649	$ 4,837
Lease expenses	$ 150	$ 155
Accounting Standards Update 2016-02 [Member]
Lease liability					$ 11,581
Lease discounted rate					4.35%

SCHEDULE OF PATENT AND TRADEMARK (Details) - USD ($)

Apr. 30, 2024

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Patent and trademark

^[1]

$ 38,454

$ 35,988

Accumulated amortization

(6,986)

Impairment

(31,442)

(28,976)

Foreign currency translation adjustment

(26)

Patent and trademark, net

[1]	The patents and trademarks are held under the Company’s subsidiaries in Hong Kong and Shanghai, China.

PATENT AND TRADEMARK (Details Narrative) - USD ($)	9 Months Ended
PATENT AND TRADEMARK (Details Narrative) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 0	$ 0

SCHEDULE OF PREPAYMENTS AND DEPOSITS (Details) - USD ($)	Apr. 30, 2024	Jul. 31, 2023
Prepayments And Deposits
Prepayments	$ 626	$ 4,017
Deposits	2,767	5,247
Total prepayments and deposits	$ 3,393	$ 9,264

SCHEDULE OF DUE FROM RELATED PARTY (Details) - USD ($)

Apr. 30, 2024

Jul. 31, 2023

Defined Benefit Plan Disclosure [Line Items]

Total amount due from related party

$ 2,112

Tien Mu International Co., Ltd [Member]

Defined Benefit Plan Disclosure [Line Items]

Total amount due from related party

^[1]

2,112

Related Party [Member]

Defined Benefit Plan Disclosure [Line Items]

Total amount due from related party

$ 2,112

[1]	Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. Tien Mu International Co., Ltd is an operating agent of the Company’s operation in Taiwan, which collects deposits from franchisees on behalf of the Company.

SCHEDULE OF INVENTORIES (Details) - USD ($)	Apr. 30, 2024	Jul. 31, 2023
Inventory Disclosure [Abstract]
Finished goods, at cost	$ 1,313	$ 1,333
Total inventories	$ 1,313	$ 1,333

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Apr. 30, 2024	Jul. 31, 2023
Payables and Accruals [Abstract]
Other payables	$ 40,821	$ 40,854
Accrued audit fees		15,000
Accrued professional fees	6,000	9,600
Total other payables and accrued liabilities	$ 46,821	$ 65,454

SCHEDULE OF DUE TO RELATED PARTIES (Details) - USD ($)

Apr. 30, 2024

Jul. 31, 2023

Hsieh, Chang-Chung [Member]

Defined Benefit Plan Disclosure [Line Items]

Total amounts due to related parties

^[1]

$ 93,176

Tien Mu International Co., Ltd [Member]

Defined Benefit Plan Disclosure [Line Items]

Total amounts due to related parties

^[2]

5,066

Related Party [Member]

Defined Benefit Plan Disclosure [Line Items]

Total amounts due to related parties

$ 98,242

$ 93,176

[1]

Hsieh, Chang-Chung, one of the current shareholders of the Company, served as Chief Financial Officer (“Principal Financial Officer”, “Principal Accounting Officer”) of the Company during the period from June 5, 2018 to October 31, 2022. The amount due represents salary expenses accrued to Mr. Hsieh. He resigned as Chief Financial Officer of the Company with effective from November 1, 2022.

[2]

Tien Mu International Co., Ltd is owned by Ms. Niu Yen-Yen, the Director and Chief Executive Officer of the Company. The amount due represents general and administrative expenses paid on behalf by the related party.

SCHEDULE OF LOAN FROM THIRD PARTY (Details) - USD ($)	Apr. 30, 2024	Jul. 31, 2023
Shang Hai Shi Ba Enterprise Management Centre [Member]
Defined Benefit Plan Disclosure [Line Items]
Total loan from third party	$ 125,184	$ 95,988
Third Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total loan from third party	$ 125,184	$ 95,988

SCHEDULE OF LOAN FROM DIRECTOR (Details) - Director [Member] - USD ($)	Apr. 30, 2024	Jul. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Current	$ 241,189	$ 170,805
Non-current	113,002	110,985
Total loan from Director	$ 354,191	$ 281,790

SCHEDULE OF LOSS BEFORE INCOME TAX (Details) - USD ($)	3 Months Ended		9 Months Ended
SCHEDULE OF LOSS BEFORE INCOME TAX (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Local			$ (39,844)	$ (30,070)
Loss before income tax	$ (30,835)	$ (16,833)	(75,074)	(67,984)
SEYCHELLES
Foreign				(1,600)
HONG KONG
Foreign			(247)	153
CHINA
Foreign			$ (34,983)	$ (36,467)

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Current:
- Local
- Foreign
Deferred:
- Local
- Foreign
Income tax expense

INCOME TAXES (Details Narrative)	9 Months Ended
INCOME TAXES (Details Narrative)	Apr. 30, 2024 USD ($)
Effective Income Tax Rate Reconciliation [Line Items]
Operating loss carryforwards	$ 533,078
Future taxable income	80.00%
Assets valuation	$ 426,462
HONG KONG
Effective Income Tax Rate Reconciliation [Line Items]
Statutory income tax rate	16.50%
CHINA
Effective Income Tax Rate Reconciliation [Line Items]
Statutory income tax rate	25.00%

COMMON STOCK (Details Narrative) - USD ($)											3 Months Ended	4 Months Ended	12 Months Ended
COMMON STOCK (Details Narrative) - USD ($)	May 07, 2019	Jul. 31, 2018	Jul. 26, 2018	Jul. 25, 2018	Jul. 11, 2018	Jul. 10, 2018	Jul. 09, 2018	Jul. 07, 2018	Jul. 06, 2018	Jun. 04, 2018	Jul. 31, 2019	Dec. 13, 2018	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2024
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued													59,434,838			59,434,838
Common stock, shares outstanding													59,434,838			59,434,838
Server Intl Co Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued									11,000,000
GreenPro Asia Strategic SPC [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued							2,835,000
GreenPro Venture Capital Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued							2,165,000
GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares							$ 0.0001
Number of restricted common stock issued, value							$ 500
Dezign Format Pte Ltd and Cheng Young-Chien [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued		2,000,000
Share issued price per shares		$ 0.20
Number of restricted common stock issued, value		$ 800,000
Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued									25,000,000	100,000
Share issued price per shares										$ 0.0001
Number of restricted common stock issued, value										$ 10
Ms. Niu Yen-Yen and Server Int’l Co., Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares									$ 0.0001
Number of restricted common stock issued, value									$ 3,600
Chang Chun Ying [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued								4,300,000
Chang Su-Fen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued								5,000,000
Chang Chun-Ying and Chang Su-Fen [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares								$ 0.0001
Number of restricted common stock issued, value								$ 930
Three Non U S Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued						2,150,000
Share issued price per shares						$ 0.0001
Number of restricted common stock issued, value						$ 215
Three Non U S Residents [Member] \| Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred														6,800,000	395,000
8 Non US Residents [Member] \| Server Intl Co Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred						1,500,000
Two Non US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued					710,000
Share issued price per shares					$ 0.03
Number of restricted common stock issued, value					$ 21,300
Two Non US Residents [Member] \| Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred														55,522
Ten Non US Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued				995,000
Share issued price per shares				$ 0.03
Number of restricted common stock issued, value				$ 29,850
One Non U S Residents [Member]
Subsidiary, Sale of Stock [Line Items]
Number of restricted common stock issued			250,000
Share issued price per shares			$ 0.20
Number of restricted common stock issued, value			$ 50,000
16 US Residents [Member] \| Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred												1,557,800
45 Accredited Investors [Member]
Subsidiary, Sale of Stock [Line Items]
Convertible promissory note issued on conversion	$ 779,125
Conversion price per share	$ 1
Convertible promissory note issued on conversion, shares	779,125
36 Non US Residents [Member] \| IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Share issued price per shares											$ 1.00
Number of shares transferred											150,317
Twenty Non US Residents [Member] \| Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred															3,364,921
Five Non US Residents [Member] \| Ms Niu Yen Yen [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares transferred													610,000

SCHEDULE OF CONCENTRATION OF RISK (Details) - USD ($)	3 Months Ended		9 Months Ended
SCHEDULE OF CONCENTRATION OF RISK (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Concentration Risk [Line Items]
Revenue		$ 1,117	$ 343	$ 129,358
Customer A [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenue		$ 477	$ 343
Percentage of revenue		43.00%	100.00%
Customer A [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Trade receivable
Customer B [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenue		$ 608		$ 120,938
Percentage of revenue		54.00%		94.00%
Customer B [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Trade receivable
Customers [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenue		$ 1,085	$ 343	$ 120,938
Percentage of revenue		97.00%	100.00%	94.00%
Customers [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Trade receivable
Vendor A [Member] \| Purchases [Member] \| Vendor Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenue				100.00%
Purchases				$ 108,844
Vendor A [Member] \| Accounts Payable [Member] \| Vendor Concentration Risk [Member]
Concentration Risk [Line Items]
Trade payable
Vendor [Member] \| Purchases [Member] \| Vendor Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of revenue				100.00%
Purchases				$ 108,844
Vendor [Member] \| Accounts Payable [Member] \| Vendor Concentration Risk [Member]
Concentration Risk [Line Items]
Trade payable

SCHEDULE OF AGGREGATE MINIMAL RENT PAYMENTS (Details)	Apr. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 1,909
2025	482
Total	$ 2,391

COMMITMENTS AND CONTINGENCIES (Details Narrative) - CNY (¥)	Aug. 07, 2023	Oct. 18, 2022	Nov. 06, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Rent payment	¥ 3,500	¥ 3,500	¥ 3,500
Rental Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lessee, operating lease, description			On November 6, 2021, the Company entered into a contract rental agreement to rent the office in Shanghai for a period of one year commencing on November 6, 2021
Lessee, operating lease, term of contract			1 year

SCHEDULE OF OUTSTANDING PAYABLE TO RELATED PARTY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2024	Jul. 31, 2023
Related Party Transaction [Line Items]
Total	$ 7,500	$ 24,180
Related Party A [Member]
Related Party Transaction [Line Items]
Professional fee	7,500	16,080
Related Party B [Member]
Related Party Transaction [Line Items]
Consultation fee		$ 8,100

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2024	Jul. 31, 2023
Related Party A [Member]
Related Party Transaction [Line Items]
Professional fees	$ 7,500	$ 16,080

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023
Segment Reporting Information [Line Items]
Revenue		$ 1,117	$ 343	$ 129,358
Other income	1,459	4,807	7,664	7,165
Selling and marketing expenses	(142)	(1)	(1,057)	(279)
Net (loss)/profit before taxation	(30,835)	(16,833)	(75,074)	(67,984)
Total assets	33,534		33,534		$ 23,541
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenue			343	129,358
Cost of revenue				(109,333)
Other income			7,664	7,165
Selling and marketing expenses			(1,057)	(279)
General and administrative expenses			(82,024)	(94,895)
Net (loss)/profit before taxation			(75,074)	(67,984)
Total assets	33,534	65,835	33,534	65,835
Corporate Segment [Member] \| NV [Member]
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income
Selling and marketing expenses
General and administrative expenses			(39,844)	(30,070)
Net (loss)/profit before taxation			(39,844)	(30,070)
Total assets
Corporate Segment [Member] \| SEYCHELLES
Segment Reporting Information [Line Items]
Revenue
Cost of revenue
Other income
Selling and marketing expenses
General and administrative expenses				(1,600)
Net (loss)/profit before taxation				(1,600)
Total assets	1	1	1	1
Corporate Segment [Member] \| HONG KONG
Segment Reporting Information [Line Items]
Revenue				120,938
Cost of revenue				(108,844)
Other income			3,014	4,793
Selling and marketing expenses				(200)
General and administrative expenses			(3,261)	(16,534)
Net (loss)/profit before taxation			(247)	153
Total assets	26,434	5,667	26,434	5,667
Corporate Segment [Member] \| CHINA
Segment Reporting Information [Line Items]
Revenue			343	8,420
Cost of revenue				(489)
Other income			4,650	2,372
Selling and marketing expenses			(1,057)	(79)
General and administrative expenses			(38,919)	(46,691)
Net (loss)/profit before taxation			(34,983)	(36,467)
Total assets	$ 7,100	$ 60,168	$ 7,100	$ 60,168