{"url_path":"/sec/cik-0001681769/10-k/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors.","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":551,"has_tables":true,"body_markdown":"Item 1A. Risk Factors.\n\n \n\nWe are a shell company with no operating\nrevenue and no active business operations. \n\nAs of July 31, 2025, the Company remained a shell company and had not\ncommenced a new operating business. Accordingly, investors face the risk that the Company may never identify or complete a suitable business\ncombination or otherwise generate revenues.\n\n \n\nOur independent auditors are expected\nto continue to express substantial doubt about our ability to continue as a going concern. \n\nThe Company has incurred recurring losses, has an accumulated deficit,\nand has historically relied on related-party support to fund its operations. If additional capital or continued related-party support\nis not available, the Company may be unable to satisfy its reporting obligations or pursue a strategic transaction.\n\n \n\nWe are dependent on related-party\nfunding. \n\nThe Company has historically relied on advances from related parties\nto fund reporting, compliance, and administrative expenses. There is no assurance that such funding will remain available in the future\nif needed.\n\n \n\nAny future business combination\nis likely to result in substantial dilution and a change in control of management or the board. \n\nTo complete an acquisition or other strategic transaction, the Company\nlikely will issue a substantial number of shares or other securities. Existing stockholders may be significantly diluted, and the current\nboard or management may be replaced.\n\n \n\nOur delinquent Exchange Act reporting\nstatus may impair our marketability and increase regulatory and transactional risk. \n\nBecause this report is being filed as part of a catch-up reporting\nprocess, the Company faces additional reputational, transactional, and compliance risk, including difficulties with financing, transfer-agent\nprocessing, and counterparties’ willingness to transact with the\nCompany.\n\n \n\nOur internal control over financial\nreporting is not effective. \n\nManagement has identified material weaknesses in internal control over\nfinancial reporting, including insufficient accounting personnel, inadequate segregation of duties, and limited written accounting policies\nand procedures. Until remediated, these weaknesses could result in material misstatements.\n\n \n\nOur common stock may be considered\na penny stock and may be illiquid. \n\nIf the Company’s\ncommon stock is quoted at a low price and does not meet an exemption from the penny-stock rules, broker-dealers may be subject to additional\nsales-practice requirements, which can reduce liquidity and market interest.\n\n \n\nRisks associated with China remain\nrelevant to the Company. \n\nEven though the Company no longer had active PRC subsidiaries as of\nJuly 31, 2025, its principal executive office remained in China and members of management have substantial ties to China. PRC regulatory\nchanges, governmental intervention, or restrictions affecting management access to information or capital could adversely affect the Company.\n\n \n\nCybersecurity processes are limited. \n\nBecause the Company has minimal operations and limited personnel, its\ncybersecurity risk-management processes are less developed than those of a more mature operating company. While management is not aware\nof any material cybersecurity incidents through July 31, 2025, the Company remains vulnerable to cyber threats affecting its records,\nreporting systems, or third-party service providers.\n\n \n\n4\n\n[Table of Contents](#toc) \n\n \n\nOur common stock is not registered\nunder Section 12 of the Exchange Act and may have limited market visibility. \n\nThe Company has no securities registered under Section 12(b) or 12(g),\nand trading in the Company’s stock, if any, may be sporadic and\ninfrequent. As a result, stockholders may have difficulty selling their shares, and the Company may face additional challenges in seeking\nquotation or market visibility."}