Ultimate Holdings Group Inc. (UHGI)

[WHIP THE HORSE]

Hello, Can I buy just 1 share? Buying more will be really dangerous.

[ALERTS100%to10000%GAIN]

LBAO~~We are developing our e-commerce platform which will serve consumers through our retail website that enables third-party sellers to sell their products on the online marketplace. We expect that the platform is ready in the first quarter of 2020 and we will start generating revenues during the 2020 fiscal year.

[ALERTS100%to10000%GAIN]

On April 1, 2019, we entered into a share exchange agreement with Bangtong Technology International Limited, a Republic of Seychelles company (“Bangtong International”) and holders of all outstanding capital stock of Bangtong International, pursuant to which on June 21, 2019, we acquired 100% of the outstanding capital stock of Bangtong International, and in exchange, we issued to the former shareholders of Bangtong International an aggregate of 100,000,000 shares of the Company’s common stock. As a result, Bangtong International became our wholly-owned subsidiary and the former shareholders of Bangtong International became the holders of approximately 89.6% of our issued and outstanding capital stock on a fully-diluted basis. On the same date, Mr. Feng Jiang resigned from his positions as of President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors. Mr. Xianyi Hao was appointed as our new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors.



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As a result of this transaction, we ceased to be a shell company and through our subsidiaries and affiliated entities, we are currently engaged in the business of e-commerce. As a startup company, we have yet to officially launch our e-commerce platform, Ingertona(????), which is still under development and is expected to offer our full array of product offerings when it is ready. Accordingly, we have not yet commenced planned operations to any significant measure. Our operations to date have been devoted primarily to start-up, development and operational activities, which include:



? Formation of our subsidiaries;

? Development of our business plan;

? Research on marketing channels/strategies for our planned business; and

? The development of our e-commerce platform.

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LBAO will run soon

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LBAO will run soon here,7,000 shares float

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LBAO soon will go hard here

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LBAO very close for a run,fillings soon

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LBAO soon kaboom

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LBAO ask $40.00 dollars lol,$1,000 PPs will be ,7,000 shares float,next CHINA Amazon

[makinezmoney]

$LBAO: Junk Stock... AVOID AT ALL COSTS

Just saying.


Dead in the water.... nothing doing ever.


Spend time where you actually get something.


This is USELESS

[HugeGains$]

Please, not another bag holding play.

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LBAO, waiting for news and the mega run will start, 7,000 shares float

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Got shares here

[illegal_alias]

LOL. Last time I looked at this one (about mid-August) there was no ask and just 0.10 on the bid.

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LBAO could be the craziest wild run in the IHUB history,buy if you can find shares lower than $40.00 dollars ask

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LBAO~~60 shares trades sold at 5.00 https://ih.advfn.com/stock-market/OTCBB/luboa-group-inc-LBAO/trades

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LBAO MMs doing action now,could be crazy news ahead here,ask $40.00 pps

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LBAO bid will move to $100.00 soon,7,000 shares float,read the fillings,AMAZON type COMING,load up if you really can find some shares

[ALERTS100%to10000%GAIN]

LBAO~~WOWW VERY CRAZYYY HERE,looks like MM's gonna run hard here,L2 ask,MM NITE 200.00 (1share) and MM CSTI 203.00(1 share).

[ALERTS100%to10000%GAIN]

LBAO soon CHINA AMAZON, read the fillings,could go and $2,000.00-3,000.00 dollars PPS,7,000 shares FLOAT

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LBAO soon $1,000,00. PPS GOING, 7,000 shares float

https://www.otcmarkets.com/stock/LBAO/security

[ALERTS100%to10000%GAIN]

LBAO 1.85/200.00 dollars ask, MY MOSTA PENDING RUNNER TO $1,000,.00 DOLLARS PPS,GOT SHARES HERE,NEXT CHINA AMAZON

[Bender381]

Looks interesting!

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LBAO if price will hit $1,000.00 -2,000.00 dollars PPS will be crazy huge here

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LBAO~~CHINA AMAZON here,all shares hold by insiders

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LBAO soon BOOMAGE TO 1,000.00 PPS

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LBAO close for a monsta run,7k float is crazy here

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LBAO~~ BID 1.85x600 and ask 200x1

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LBAO~~BID 600 shares@1.85/ 1 share ASK@ $200.00 dollars PPS

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LBAO next China AMAZON,got shares here

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LBAO~~huge here As of June 30, 2019, the Company’s subsidiaries are as follows:



Entity Date of incorporation Place of incorporation Percentage of
Direct or Indirect
Economic Interest
Subsidiaries
Bangtong Technology International Limited May 25, 2018 Seychelles 100 %
Bangtong Technology Development Limited May 24, 2018 Seychelles 100 %
Bangtong Technology Group Limited May 30, 2018 Hong Kong 100 %
Jiaxing Bangtong Electronic Technology Limited (“WOFE”) November 5, 2018 PRC 100 %
Consolidated VIE
Shenzhen Bangtong Electronic Commerce Limited November 27, 2015 PRC 100 %
Consolidated VIE’s subsidiaries
Jiaxing Bangtong Electronic Commerce Limited September 3, 2018 PRC 100 %
Shenyang Bangtong Logistics Limited May 23, 2018 PRC 70 %
Hegang Bantong Electronic Commerce Limited July 13, 2018 PRC 100 %

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Jiaxing Beyondoor Electronics Co. Ltd https://www.globalsources.com/si/AS/Jiaxing-Beyondoor/6008836610991/Homepage.htm

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Shenzhen Bangtong Electronics Technology Co., Ltd. http://cnszbt.en.sunmen.com/en/free/profile.asp?MemberId=cnszbt

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LBAO~~crazy spread bid 600 shares @ $1.80/ 1 share @ 200.00 dollars PPS, will be AMAZON run here,2,000.00 PPS coming

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LBAO~~next China amazon,will be crazy huge

Income Recognition

Recognition of Revenue

The Company offers an online marketplace through its e-commerce platform that enables third-party sellers to sell their products to consumers. The e-commerce platform has yet been launched and the Company has not yet generated any revenues.

The Company adopted ASC topic 606, Revenue from Contracts with Customers (“ASC 606”), from January 1, 2018. Revenues for the year ended December 31, 2018 were presented under ASC 606, and revenues for the years ended December 31, 2017 was not adjusted and continue to be presented under ASC topic 605, Revenue Recognition (“ASC 605”). The Company’s revenue recognition policies effective on the adoption date of ASC 606 are presented as below.

F-9


Consistent with the criteria of ASC 606, the Company recognizes revenues when the Company satisfies a performance obligation by transferring a promised good or service (that is, an asset) to a customer. An asset is transferred when the customer obtains control of that asset.

In accordance with ASC 606, the Company evaluates whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. When the Company is a principal, that the Company obtains control of the specified goods or services before they are transferred to the customers, the revenues should be recognized in the gross amount of consideration to which it expects to be entitled in exchange for the specified goods or services transferred. When the Company is an agent and its obligation is to facilitate third parties in fulfilling their performance obligation for specified goods or services, revenues should be recognized in the net amount for the amount of commission which the Company earns in exchange for arranging for the specified goods or services to be provided by other parties. Revenue is recorded net of value-added taxes.

The Company recognizes revenue net of discounts and return allowances when the products are delivered and title passes to customers. Significant judgement is required to estimate return allowances. For online direct sales business with return conditions, the Company reasonably estimate the possibility of return based on the historical experience, changes in judgments on these assumptions and estimates could materially impact the amount of net revenues recognized.

Other Income and other expenses

Other income, and other expenses are recognized on an accrual basis in accordance with the substance of the relevant agreements.

[ALERTS100%to10000%GAIN]

As a result of this transaction, we ceased to be a shell company and through our subsidiaries and affiliated entities, we are currently engaged in the business of e-commerce. As a startup company, we have yet to officially launch our e-commerce platform, Ingertona(????), which is still under development and is expected to offer our full array of product offerings when it is ready. Accordingly, we have not yet commenced planned operations to any significant measure. Our operations to date have been devoted primarily to start-up, development and operational activities, which include:


?
Formation of our subsidiaries;




?
Development of our business plan;




?
Research on marketing channels/strategies for our planned business; and




?
The development of our e-commerce platform.

[ALERTS100%to10000%GAIN]

LBAO~~500 shares @ $1.80 bid/ 1 share @ $200.00 dollars PPS,never seen spread like this

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LBAO crazy spread $1.85/$200.00 PPS

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LBAO~~news this week,should move crazy here shortly,7k shares float

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LBAO~~1.85/200.00 MONSTA news coming shortly,got shares here

[ALERTS100%to10000%GAIN]

LBAO~~HUGEE <NUGEE As a result of our acquisition of Bangtong International, we now own all of the issued and outstanding shares of Bangtong International, a holding company, which in turn owns all of the equity capital of Bangtong Development and its subsidiaries.



As of the date of this report, we have the following subsidiaries and affiliated entities:



Bangtong International, a Seychelles holding company, was formed on May 25, 2018. Xianyi Hao is the sole director of Bangtong International.



Bangtong Development, a Seychelles holding company, was formed on May 24, 2018. Xianyi Hao is the sole director of Bangtong Development.



Bangtong Group, a Hong Kong holding company, was formed on May 30, 2018. The sole director of Bangtong Group is Xianyi Hao.



Jiaxing Bangtong, a PRC company, was formed on November 5, 2018 and is engaged in the business of electronic technology development, service and consulting. Its legal representative is Qi Wang.



Shenzhen Bangtong, a PRC company, was formed on November 27, 2015 and is engaged in the business of electronic technology development and e-commerce. Its legal representative is Xianyi Hao .



Jiaxing Electronic, a PRC company, was formed on September 3, 2018 and is expected to engage in the e-commerce business. Its legal representative is Qi Wang .



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Shenyang Bangtong, a PRC company, was formed on May 23, 2018 and is expected to engage in the logistics business with warehousing and delivery capabilities. Its legal representative is Ming Zhao.



Hegang Bangtong is a PRC trading company. We expect that Hegang Bangtong’s business will focus on our inventory procurement from Russia and other European countries. Hegang Bangtong was formed on July 13, 2018 and it legal representative is Xianyi Hao.



As described below in more detail, through our variable interest entities in PRC (“VIEs”), including Shenzhen Bangtong and its subsidiaries, Jiaxing Electronic, Shenyang Bangtong and Hegang Bangtong, which have contractual arrangements with Jiaxing Bangtong, we are a new startup company developing our e-commerce business

https://www.otcmarkets.com/filing/html?id=13503081&guid=bZJIUWGmkESdx3h

[ALERTS100%to10000%GAIN]

LBAO~~1.75/200.00 very close for for a crazy huge run to $1.000.00 PPS

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LBAO~~1.75/200.00 7k float, waiting for the news,when will hit the wire,BINGOOOO to $1,000.00 PPS

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LBAO~~7k float, waiting for the news,when will hit the wire,BINGOOOO to $1,000.00 PPS

[CrazyKar123]

GOING TO KEEP AN EYE ON THIS MONDAY ALREADY PLACED ORDER :)

[ALERTS100%to10000%GAIN]

LBAO 1.75/200.00 will go CRAZYYYY TO $1,000.00 PPS ++,7k shares float only

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LBAO 1.75/200.00 will be crazy huge to watch when the breakout will take place

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LBAO is more close for a massive run to $1,000.00 PPS

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LBAO~~1.75/200.00 more fillings anytime coming,will a history crazy run to 1,000.00 PPS

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LBAO~~1.75/20.00 more fillings anytime coming,will a history crazy run to 1,000.00 PPS