Zhanling International Ltd Reports No Revenue and Net Loss for Fiscal Year Ending May 31, 2026

Zhanling International Ltd, a Nevada corporation, reported no revenue for the fiscal year ending May 31, 2026, maintaining its status as a development-stage company since its inception in 2009. The company incurred a net loss of $38,486, a slight decrease from the previous year's loss of $39,857. As of the end of the fiscal year, Zhanling had a working capital deficiency of $6,139 and an accumulated deficit of $468,553. The company has not generated any revenue from operations and continues to rely on financing from its directors to cover operational expenses.

In terms of operational changes, Zhanling has undergone significant leadership transitions. On April 10, 2023, Ms. NingNing Xu was appointed as President, Chief Executive Officer, Chief Financial Officer, and Chairman of the Board, following the resignation of Liang Zhao. This change in leadership is part of a broader strategy to position the company for future acquisitions, although no specific target businesses have been identified yet. The company has also changed its fiscal year-end from December 31 to May 31, effective February 17, 2022, and subsequently to May 31, 2026.

The company has faced challenges in its operational framework, particularly regarding its internal controls over financial reporting. As of May 31, 2026, Zhanling's management identified material weaknesses in its internal controls, including the absence of an audit committee and written policies and procedures for accounting and financial reporting. These deficiencies raise concerns about the reliability of financial reporting and the potential for material misstatements. Management has initiated plans to address these weaknesses, including the recruitment of additional accounting personnel and the establishment of formal accounting procedures.

Zhanling's future outlook remains uncertain, as it has not yet identified a target business for acquisition and continues to operate without revenue. The company plans to seek additional capital through private placements or loans from related parties to fund its operations and potential acquisitions. However, the ability to raise funds is contingent on market conditions and investor interest, which could significantly impact the company's viability. The ongoing regulatory environment in China, particularly concerning foreign investments and cybersecurity reviews, also poses risks that could affect Zhanling's operations and ability to attract investment.

Overall, Zhanling International Ltd is in a precarious financial position, with no revenue generation and a reliance on external financing to meet its operational needs. The company's leadership changes and plans to strengthen internal controls may provide a pathway for future growth, but significant challenges remain in identifying viable acquisition targets and navigating the regulatory landscape.