{"url_path":"/sec/cik-0001681769/10-k/2026/item-1","section_key":"item-1","section_title":"Item 1 Business.","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1681769/0001520138-26-000152-index.html","accession_number":"0001520138-26-000152","cik":"0001681769","ticker":null,"issuer_name":"BRILLIANT N.E.V. CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1681769/0001520138-26-000152-index.html","primary_entity_key":"0001681769","primary_entity_name":"BRILLIANT N.E.V. CORP."},"word_count":449,"has_tables":true,"body_markdown":"Item 1. Business.\n\n \n\nOverview \n\nBrilliant N.E.V. Corp. (formerly Clancy Corp.) (the “Company”)\nwas incorporated in Nevada on March 22, 2016. As of July 31, 2025, the Company had not commenced any new operating business after the\nJune 2023 change in control, remained a shell company, and had no active revenue-producing operations.\n\n \n\nCorporate and Operating Background \n\nIn April 2020, the Company established Shanghai Clancy Enterprise Management\nCo., Ltd. (“Shanghai Clancy”), a wholly foreign-owned enterprise\nin Shanghai, China. Shanghai Clancy subsequently established Beijing Clancy Information Technology Co., Ltd. (“Beijing\nClancy”) as its wholly owned subsidiary in Beijing, China. The Company previously conducted limited operations in China through\nthese subsidiaries.\n\n \n\nOn June 26, 2023, a change in control occurred. Pursuant to a stock\npurchase agreement entered into among the Company, Xiangying Meng and other selling shareholders, and Guangzhe Su, the sellers transferred\nan aggregate 79,700,000 shares of common stock, representing approximately 52.056% of the Company’s\noutstanding common stock, to Mr. Su. In connection with the change in control, the Company ceased the operations of its China subsidiaries.\n\n \n\nOn July 28, 2023, the Company amended its articles of incorporation\nto change its name from Clancy Corp. to Brilliant N.E.V. Corp.\n\n \n\nIn October 2023, the Company, Shanghai Clancy, and Hongshan Yuanda\nLimited entered into an agreement pursuant to which all of the Company’s\nrights, title and interest in and to Shanghai Clancy, including Shanghai Clancy’s\nownership of Beijing Clancy, were transferred to Hongshan Yuanda Limited, effective as of June 30, 2023. As of the effective date of the\ntransfer, Shanghai Clancy had no operations and no assets, and all liabilities were assigned to the transferee.\n\n \n\nAs a result, as of July 31, 2025, the Company no longer had active\nPRC operating subsidiaries and had not commenced any replacement operating business.\n\n \n\nBusiness Strategy \n\nThe Company’s\nstrategy is to preserve its reporting-company status while evaluating potential business opportunities, acquisitions, and strategic transactions.\nBecause the Company remains a shell company with nominal operations and limited resources, there can be no assurance that it will identify\nor complete a suitable transaction.\n\n \n\nEmployees \n\nAs of July 31, 2025, the Company had no full-time employees. The Company\nrelies on its officers and outside professionals to manage its reporting, legal, accounting, and administrative functions.\n\n \n\n3\n\n[Table of Contents](#toc) \n\n \n\nSpecial Note Regarding China \n\nAlthough the Company’s\nprincipal executive office remained in Hangzhou, Zhejiang Province, China as of July 31, 2025, the Company had ceased its prior China\nsubsidiary operations effective June 2023 and transferred the former China subsidiaries effective June 30, 2023. As a result, references\nto China in this report generally relate to the Company’s historical\noperations, management location, and related regulatory or operational risk considerations rather than active operating subsidiaries."}