{"url_path":"/sec/tjgc/10-k/2026/item-19","section_key":"item-19","section_title":"Item 19 EXHIBITS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1969928/0001185185-26-003078-index.html","accession_number":"0001185185-26-003078","cik":"0001969928","ticker":"TJGC","issuer_name":"TJGC GROUP Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1969928/0001185185-26-003078-index.html","primary_entity_key":"0001969928","primary_entity_name":"TJGC GROUP Ltd"},"word_count":13766,"has_tables":true,"body_markdown":"**ITEM\n19. EXHIBITS**\n\n \n\nExhibit\nNo.\n \nDescription\n\n \n \n \n\n1.1\n \n[Memorandum\nand Articles of Association (incorporated by reference to Exhibit 3.1 to the Form 6-K filed by the registrant on November 21, 2025.](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex3-1_ctrlgroup.htm)\n\n2.1\n \n[Specimen\nCertificate for Ordinary Shares (incorporated by reference to Exhibit 4.1 to the Form F-1/A Registration Statement filed by the registrant\non November 4, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024093967/ea020151109ex4-1_ctrlgroup.htm)\n\n4.1\n \n[Form of Securities Purchase Agreement.](http://www.sec.gov/Archives/edgar/data/1969928/000121390026045696/ea028699201ex10-2.htm)\n\n8.1*\n \n[List of Subsidiaries](tjgcex8-1.htm)\n\n10.1\n \n[Underwriting\nAgreement between CTRL Group Limited and R. F. Lafferty & Co., Inc. (incorporated by reference to Exhibit 1.1 to the Current\nReport on Form 6-K filed by the registrant on January 22, 2025](http://www.sec.gov/Archives/edgar/data/1969928/000121390025005565/ea022831501ex1-1_ctrlgroup.htm)\n\n10.2\n \n[Employment\nAgreement dated February 1, 2023, between CTRL Group Limited and Lau Chi Fung (incorporated by reference to Exhibit 10.1 to the Form\nF-1 Registration Statement filed by the registrant on March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-1_ctrlgroup.htm)\n\n10.3\n \n[Employment\nAgreement between CTRL Group Limited and Mok Ka Wah (incorporated by reference to Exhibit 10.2 to the Form F-1/A Registration Statement\nfiled by the registrant on November 4, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024093967/ea020151109ex10-2_ctrlgroup.htm)\n\n10.4\n \n[Employment\nAgreement between CTRL Group Limited and Yang Juan (incorporated by reference to Exhibit 10.1 to the Current Report on Form 6-K filed\nby the registrant on July 31, 2025)](http://www.sec.gov/Archives/edgar/data/1969928/000121390025069995/ea025076001ex10-1_ctrlgroup.htm)\n\n10.5\n \n[Form\nof Cosplayer Agreement (incorporated by reference to Exhibit 10.3 to the Form F-1 Registration Statement filed by the registrant\non March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-4_ctrlgroup.htm)\n\n10.6\n \n[Form\nof Exclusive Cooperation Agreement (incorporated by reference to Exhibit 10.4 to the Form F-1 Registration Statement filed by the\nregistrant on March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-5_ctrlgroup.htm)\n\n10.7\n \n[Marketing\nOutsourcing Cooperation Framework Agreement between CTRL Media Limited and Efun Company Limited (incorporated by reference to Exhibit\n10.5 to the Form F-1 Registration Statement filed by the registrant on March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-6_ctrlgroup.htm)\n\n10.8\n \n[Rent\nSharing Agreement dated July 15, 2023 between Efun Company Limited and Ctrl Media Limited (incorporated by reference to Exhibit 10.6\nto the Form F-1 Registration Statement filed by the registrant on March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-7_ctrlgroup.htm)\n\n10.9\n \n\n[Rent Sharing Agreement dated July 15, 2025 between CTRL Media Limited and Efun Company Limited (incorporated by reference to Exhibit 10.9 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex10-9_ctrlgroup.htm)\n\n10.10\n \n[Non-Revolving\nTerm Loan Facility Agreement dated March 7, 2023 between Ctrl Media Limited and The Bank of East Asia (incorporated by reference\nto Exhibit 10.7 to the Form F-1 Registration Statement filed by the registrant on March 15, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024023012/ea020151101ex10-8_ctrlgroup.htm)\n\n10.11\n \n\n[Game Development Agreement dated March 7, 2025 between CTRL Games Limited and Esport Games Limited (incorporated by reference to Exhibit 10.11 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex10-11_ctrlgroup.htm)\n\n10.12\n \n\n[Form of Cooperative Investment Agreement dated February 14, 2025, between CTRL Solutions Limited and CR Entertainment and Production Limited (incorporated by reference to Exhibit 10.12 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex10-12_ctrlgroup.htm)\n\n10.13\n \n\n[Exhibition Events Joint Investment Agreement dated February 14, 2025 between CTRL Solutions Limited and CR Entertainment and Production Limited (incorporated by reference to Exhibit 10.13 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex10-13_ctrlgroup.htm)\n\n10.14\n \n\n[Amendment #1 to Employment Agreement between CTRL Group Limited and Lau Chi Fung dated August 12, 2025 (incorporated by reference to Exhibit 10.14 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex10-14_ctrlgroup.htm)\n\n10.15*\n \n[Employment Agreement between CTRL GROUP LIMITED and Guo Bin dated October 31, 2025](tjgcex10-15.htm)\n\n11.1\n \n\n[Insider Trading Policy (incorporated by reference to Exhibit 11.1 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex11-1_ctrlgroup.htm)\n\n14.1\n \n[Code\nof Business Conduct and Ethics (incorporated by reference to Exhibit 14.1 to the Form F-1/A Registration Statement filed by the registrant\non November 4, 2024 (registration no. 333-277979)](http://www.sec.gov/Archives/edgar/data/1969928/000121390024093967/ea020151109ex14-1_ctrlgroup.htm)\n\n97.1\n \n\n[Compensation Recovery Policy (incorporated by reference to Exhibit 97.1 to the annual report on Form 20-F (File No. 001-42483) filed with the SEC on July 31, 2025).](https://www.sec.gov/Archives/edgar/data/1969928/000121390025076877/ea025260701ex97-1_ctrlgroup.htm)\n\n12.1*\n \n[Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-1(a)](tjgcex12-1.htm)\n\n12.2*\n \n[Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-1(a)](tjgcex12-2.htm)\n\n13.1*\n \n[Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](tjgcex13-1.htm)\n\n13.2*\n \n[Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](tjgcex13-2.htm)\n\n101.INS*\n \nInline\nXBRL Instance Document.\n\n101.SCH*\n \nInline\nXBRL Taxonomy Extension Schema Document.\n\n101.CAL*\n \nInline\nXBRL Taxonomy Extension Calculation Linkbase Document.\n\n101.DEF*\n \nInline\nXBRL Taxonomy Extension Definition Linkbase Document.\n\n101.LAB*\n \nInline\nXBRL Taxonomy Extension Label Linkbase Document.\n\n101.PRE*\n \nInline\nXBRL Taxonomy Extension Presentation Linkbase Document.\n\n104*\n \nCover\nPage Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).\n\n \n\n*\nFiled\nherewith.\n\n \n\n77\n\n[Table of Contents](#toc)\n\n \n\n**SIGNATURE**\n\n \n\nPursuant\nto the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant hereby certifies that it meets all of the requirements\nfor filing on Form 20-F and that it has duly caused and authorize the undersigned to sign this annual report on its behalf.\n\n \n\nDate:\nJuly 22, 2026\n**TJGC\nGROUP LIMITED**\n\n \n \n\n \nBy:\n/s/\nBin Guo\n\n \nName:\nBin\nGuo\n\n \nTitle:\nChief\nExecutive Officer\n\n \n\n78\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGROUP LIMITED (FORMERLY KNOWN AS CTRL GROUP LIMITED) AND SUBSIDIARIES\nINDEX TO CONSOLIDATED FINANCIAL STATEMENTS**\n\n \n\n \n \n**Page**\n\n[Report of Independent Registered Public Accounting Firm](#fin_001)\n \nF-2\n\n[Consolidated Balance Sheets as of March 31, 2026 and 2025](#fin_002)\n \nF-3\n\n[Consolidated Statements of Operations and Comprehensive Loss for the Years Ended March 31, 2026 and 2025](#fin_003)\n \nF-4\n\n[Consolidated Statements of Changes in Shareholders’ Equity for the Years Ended March 31, 2026 and 2025](#fin_004)\n \nF-5\n\n[Consolidated Statements of Cash Flows for the Years Ended March 31, 2026 and 2025](#fin_005)\n \nF-6\n\n[Notes to Consolidated Financial Statements](#fin_006)\n \nF-7\n\n \n\nF-1\n\n[Table of Contents](#toc)\n\n** **\n\n**REPORT\nOF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**\n\n \n\nTo the Board of Directors and Shareholders\n\nTJGC Group Limited\n\n \n\n**Opinion on the Financial Statements**\n\n \n\nWe have audited the accompanying\nconsolidated balance sheets of TJGC Group Limited (formerly known as Ctrl Group Limited) and its subsidiaries (the\n“Company”) as of March 31, 2026 and 2025, and the related consolidated statements of operations and comprehensive loss,\nchanges in shareholders’ equity, and cash flows for each of the two years in the period ended March 31, 2026, and the related\nnotes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly,\nin all material respects, the financial position of the Company as of March 31, 2026 and 2025, and the results of its operations and\nits cash flows for each of the two years in the period ended March 31, 2026, in conformity with accounting principles generally\naccepted in the United States of America.\n\n \n\n**Emphasis of Matters**\n\n \n\nThe accompanying financial statements have been\nprepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements,\nthe Company has incurred significant losses from operations of approximately HK$23.5 million for the year end March 31, 2026 and has\naccumulated deficit of HK$47.7 million. These factors raise substantial doubt about the Company's ability to continue as a going concern.\nManagement's plans in regard to these matters are also discussed in Note 2 to the consolidated financial statements. The consolidated\nfinancial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified\nwith respect to this matter.\n\n \n\n**Basis for Opinion**\n\n \n\nThese financial statements are the responsibility\nof the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our\naudit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (\"PCAOB\")\nand are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable\nrules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe conducted our audit in accordance with the\nstandards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial\nstatements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged\nto perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding\nof internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s\ninternal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur audits included performing procedures to assess\nthe risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond\nto those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.\nOur audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating\nthe overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.\n\n \n\n/s/ Kreit & Chiu CPA LLP\n\nWe have served as the Company's auditor since 2022.\n\n \n\nLos Angeles, California\n\nJuly 22, 2026\n\n**PCAOB Firm ID: 6651**\n\n \n\nF-2\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nConsolidated Balance Sheets\nAs of March 31, 2026 and 2025**\n\n** **\n\n  \nAt March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nAssets \n   \n   \n  \n\nCurrent assets \n   \n   \n  \n\nCash and cash equivalents \n 23,878,899  \n 2,594,617  \n 330,946 \n\nAccounts receivable \n 2,556,293  \n 4,209,155  \n 536,882 \n\nAmount due from a related party \n 244,200  \n 387,123  \n 49,378 \n\nDeposits, prepayments and other receivables \n 5,771,582  \n 16,033,973  \n 2,045,150 \n\nIncome tax recoverable \n 630,920  \n 983,298  \n 125,421 \n\nTotal current assets \n 33,081,894  \n 24,208,166  \n 3,087,777 \n\nNon-current assets \n    \n    \n   \n\nProperty and equipment \n 192,545  \n 122,529  \n 15,629 \n\nGames development costs \n 8,190,000  \n 10,192,000  \n 1,300,000 \n\nRight-of-use assets \n 134,352  \n 532,611  \n 67,935 \n\nTotal non-current assets \n 8,516,897  \n 10,847,140  \n 1,383,564 \n\nTotal assets \n 41,598,791  \n 35,055,306  \n 4,471,341 \n\nLiabilities and Shareholders’ Equity \n    \n    \n   \n\nCurrent liabilities \n    \n    \n   \n\nContract liabilities \n —  \n 29,125  \n 3,715 \n\nAccounts payable \n 1,287,054  \n 1,673,603  \n 213,470 \n\nAmounts due to related parties \n 54,075  \n 33,920  \n 4,327 \n\nAmounts due to directors \n —  \n 525,280  \n 67,000 \n\nAmounts due to shareholders \n 1,409,403  \n 5,096,003  \n 650,000 \n\nOperating lease liabilities \n 134,352  \n 397,457  \n 50,696 \n\nAccruals and other payables \n 877,685  \n 5,367,819  \n 684,671 \n\nBank and other borrowings \n 913,024  \n 9,327,709  \n 1,189,759 \n\nTotal current liabilities \n 4,675,593  \n 22,450,916  \n 2,863,638 \n\nNon-current liabilities \n    \n    \n   \n\nOperating lease liabilities \n —  \n 135,154  \n 17,239 \n\nBank and other borrowings \n 7,217,849  \n 6,267,000  \n 799,362 \n\nDeferred tax liabilities \n 23,684  \n 14,540  \n 1,855 \n\nTotal liabilities \n 11,917,126  \n 28,867,610  \n 3,682,094 \n\nShareholders’ equity \n    \n    \n   \n\nOrdinary shares, authorized to issue an unlimited number of ordinary shares of no par value, 5,100,000 issued and outstanding as of March 31, 2025 and 2026*, respectively\n\n \n 77,500  \n 77,500  \n 9,885 \n\nAdditional Paid-in Capital \n 53,833,769  \n 53,833,769  \n 6,866,552 \n\nAccumulated other comprehensive loss \n (11,983) \n (1,875) \n (239)\n\nAccumulated deficit \n (24,217,621) \n (47,721,698) \n (6,086,951)\n\nTotal shareholders’ equity \n 29,681,665  \n 6,187,696  \n 789,247 \n\nTotal liabilities and shareholders’ equity \n 41,598,791  \n 35,055,306  \n 4,471,341 \n\n \n\n*Shares and per-share\ndata have been retroactively restated to reflect the 1-for-3 share consolidation effective May 26, 2026. (See Note 17)\n\n \n\n*The\naccompanying notes are an integral part of these consolidated financial statements.*\n\n \n\nF-3\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nConsolidated Statements of Operations and Comprehensive Loss\nFor the Years Ended March 31, 2026 and 2025**\n\n** **\n\n  \nFor the years ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nRevenue \n 30,472,131  \n 28,717,563  \n 3,662,954 \n\nCost of services \n (23,885,710) \n (22,532,501) \n (2,874,043)\n\nGross Profit \n 6,586,421  \n 6,185,062  \n 788,911 \n\nOperating Expenses \n    \n    \n   \n\nGeneral and Administrative expense \n (22,351,548) \n (27,377,958) \n (3,492,086)\n\nImpairment loss on games development costs \n —  \n (4,312,000) \n (550,000)\n\nImpairment loss of prepayment \n (10,593,902) \n —  \n — \n\nReversal of impairment loss on prepayment \n —  \n 3,083,924  \n 393,358 \n\nLoss from operation \n (26,359,029) \n (22,420,972) \n (2,859,817)\n\nOther income (expenses) \n    \n    \n   \n\nOther income, net \n 17,779  \n 414,229  \n 52,835 \n\nOther gain (loss) \n 53,200  \n (566,243) \n (72,225)\n\nInterest expense \n (294,642) \n (675,671) \n (86,183)\n\nTotal other income (expenses), net \n (223,663) \n (827,685) \n (105,573)\n\nLoss before tax \n (26,582,692) \n (23,248,657) \n (2,965,390)\n\nIncome tax \n (253,734) \n (255,420) \n (32,579)\n\nNet loss \n (26,836,426) \n (23,504,077) \n (2,997,969)\n\nOther comprehensive loss \n    \n    \n   \n\nForeign currency translation adjustment \n (16,276) \n 10,108  \n 1,289 \n\nTotal comprehensive loss \n (26,852,702) \n (23,493,969) \n (2,996,680)\n\n  \n    \n    \n   \n\nWeighted average shares outstanding – basic and diluted \n 4,476,621  \n 5,100,000  \n 5,100,000 \n\n  \n    \n    \n   \n\nLoss per share – basic and diluted* \n (5.99) \n (4.61) \n (0.59)\n\n  \n\n*Shares and per-share\ndata have been retroactively restated to reflect the 1-for-3 share consolidation effective May 26, 2026. (See Note 17)\n\n \n\n*The\naccompanying notes are an integral part of these consolidated financial statements.*\n\n \n\nF-4\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nConsolidated Statements of Changes in Shareholders’ Equity\nFor the Years Ended March 31, 2026 and 2025**\n\n** **\n\n  \nNumber of\nShares*  \nAmount  \nAdditional\nPaid-in\nCapital  \n\n**Accumulated **\n\n**other comprehensive income (loss)**\n  \n**Retained Earnings (Accumulated Deficit)**  \nTotal \n\n  \n   \nHK$  \nHK$  \nHK$  \nHK$  \nHK$ \n\nBalance at March 31, 2024 \n 4,333,333  \n 77,500  \n 19,997  \n 4,293  \n 2,618,805  \n 2,720,595 \n\n  \n    \n    \n    \n    \n    \n   \n\nProceeds from the IPO \n 766,667  \n —  \n 71,462,841  \n —  \n —  \n 71,462,841 \n\nDeferred IPO cost \n —  \n —  \n (17,649,069) \n —  \n —  \n (17,649,069)\n\nNet Loss \n —  \n —  \n —  \n —  \n (26,836,426) \n (26,836,426)\n\nForeign currency translation adjustment \n —  \n —  \n —  \n (16,276) \n —  \n (16,276)\n\nBalance at March 31, 2025 \n 5,100,000  \n 77,500  \n 53,833,769  \n (11,983) \n (24,217,621) \n 29,681,665 \n\nNet loss \n —  \n —  \n —  \n —  \n (23,504,077) \n (23,504,077)\n\nForeign currency translation adjustment \n —  \n —  \n —  \n 10,108  \n —  \n 10,108 \n\nBalance at March 31, 2026 \n 5,100,000  \n 77,500  \n 53,833,769  \n (1,875) \n (47,721,698) \n 6,187,696 \n\n \n\n  \n   \nUS$  \nUS$  \nUS$  \nUS$  \nUS$ \n\nBalance at March 31, 2026 \n 5,100,000  \n 9,885  \n 6,866,552  \n (239) \n (6,086,951) \n 789,247 \n\n* *\n\n*Shares and per-share\ndata have been retroactively restated to reflect the 1-for-3 share consolidation effective May 26, 2026. (See Note 17)\n\n \n\n*The\naccompanying notes are an integral part of these consolidated financial statements.*\n\n \n\nF-5\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nConsolidated Statements of Cash Flows\nFor the Years Ended March 31, 2026 and 2025**\n\n** **\n\n  \nFor the years ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nCash flows from operating activities: \n   \n   \n  \n\nNet loss \n (26,836,426) \n (23,504,077) \n (2,997,969)\n\nAdjustments to reconcile net loss to net cash used in operating activities: \n    \n    \n   \n\nDepreciation of property and equipment \n 75,851  \n 174,966  \n 22,317 \n\nGain on disposal of property and equipment \n —  \n (32,496) \n (4,145)\n\nDeferred income tax \n (9,078) \n (9,144) \n (1,166)\n\nBad debt expenses \n 449,763  \n 128,675  \n 16,413 \n\nProvision for (reversal of) impairment loss on trade receivables \n 178,751  \n (258,924) \n (33,026)\n\nImpairment loss on prepayment \n 10,593,902  \n —  \n — \n\nImpairment loss on games development costs \n —  \n 4,312,000  \n 550,000 \n\nReversal of impairment loss on prepayment \n —  \n (3,083,924) \n (393,358)\n\nOperating cash flows before movements in working capital \n (15,547,237) \n (22,272,924) \n (2,840,934)\n\nAccounts receivable \n 2,695,930  \n (1,522,613) \n (194,211)\n\nDeposits, prepayments and other receivables \n (11,686,246) \n (7,178,467) \n (915,620)\n\nAmounts due from (to) related parties \n (1,773,702) \n (163,078) \n (20,801)\n\nAmounts due to directors \n —  \n 525,280  \n 67,000 \n\nAmounts due to shareholders \n —  \n 1,724,800  \n 220,000 \n\nAccounts payable \n (492,186) \n 386,549  \n 49,305 \n\nAccruals and other payables \n 563,472  \n (255,866) \n (32,636)\n\nContract liabilities \n —  \n 29,125  \n 3,715 \n\nIncome tax payable \n (397,816) \n (352,378) \n (44,947)\n\nNet cash used in operating activities \n (26,637,785) \n (29,079,572) \n (3,709,129)\n\nCash flows from investing activities: \n    \n    \n   \n\nPayment for capitalized games development costs \n (8,190,000) \n (1,568,000) \n (200,000)\n\nAcquisition of property and equipment \n —  \n (572,454) \n (73,017)\n\nProceeds from disposal of property and equipment \n —  \n 500,000  \n 63,776 \n\nNet cash used in investing activities \n (8,190,000) \n (1,640,454) \n (209,241)\n\nCash flows from financing activities: \n    \n    \n   \n\nAdvance from a shareholder of the Company \n 1,409,400  \n 1,961,800  \n 250,230 \n\nDeferred IPO costs \n (17,649,069) \n —  \n — \n\nProceeds from initial public offering \n 71,462,841  \n —  \n — \n\nRepayment of bank and other borrowings \n (869,127) \n (916,164) \n (116,858)\n\nNew bank and other borrowings raised \n \n—\n  \n 8,380,000  \n 1,068,877 \n\nNet cash provided by financing activities \n 54,354,045  \n 9,425,636  \n 1,202,249 \n\nTranslation difference \n (16,276) \n 10,108  \n 1,289 \n\nNet increase (decrease) in cash \n 19,526,260  \n (21,294,390) \n (2,716,121)\n\nCash, beginning of year \n 4,368,915  \n 23,878,899  \n 3,045,778 \n\nCash, end of year \n 23,878,899  \n 2,594,617  \n 330,946 \n\n  \n    \n    \n   \n\nSupplemental information \n    \n    \n   \n\nCash paid for interest, net \n 276,675  \n 197,707  \n 25,218 \n\nCash paid for income tax \n 660,628  \n 616,942  \n 78,692 \n\n** **\n\n*The\naccompanying notes are an integral part of these consolidated financial statements.*\n\n \n\nF-6\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**1.\nOrganization and Business Description**\n\n** **\n\n**Organization\nand Nature of Operations**\n\n** **\n\nTJGC\nGroup Limited (formerly known as CTRL Group Limited) (the “Company” or “TJGC Group”) is a limited liability company\nestablished under the laws of the British Virgin Islands on May 13, 2022. Its registered office is located at Vistra Corporate Services\nCentre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and its principal place of business is situated at Unit\nF, 12/F, Kaiser Estate Phase 1, 41 Man Yue Street, Hunghom, Kowloon, Hong Kong.\n\n \n\nOn\nOctober 31, 2025, the board of directors of the Company and holders of a majority of the issued and outstanding voting stock of the Company\napproved a change of the name of the Company from \"CTRL Group Limited\" to \"TJGC Group Limited\". The name change was\napproved by the Registrar of Corporate Affairs in the British Virgin Islands and became effective on November 11, 2025.\n\n \n\nTJGC\nGroup is a holding company with no business operations and its principal operating subsidiary is CTRL Media Limited (“CTRL Media”)\nwhich is principally engaged in one-stop game advertising.\n\n \n\nAs\nof March 31, 2026, the Company had the following wholly-owned subsidiaries:\n\n \n\nName  Place and date of incorporation  Ownership   Principal activity\n\nCTRL Media Limited  Hong Kong\nJune 6, 2014   100%  Principally engaged in one-stop game advertising\n\nCTRL Games Limited (“CTRL Games”)  Hong Kong\nDecember 16, 2024   100%  Principally engaged in game publishing\n\nCTRL Solutions Limited (“CTRL Solutions”)  Hong Kong\nDecember 16, 2024   100%  Principally engaged in advertising consulting\n\nTongjiang Group Limited (“Tongjiang Group”)  Hong Kong\nSeptember 19, 2025   100%  Principally engaged in high-value-added consulting and international trade services\n\nHorgos Gongchuang Huitong Technology Co., Ltd  PRC\nJanuary 19, 2026   100%  Inactive*\n\n \n\n*- On July 3, 2026, Horgos Gongchuang Huitong passed a resolution to dissolve the company and commence its deregistration and liquidation procedures. The statutory public notice period for the liquidation commenced on July 3, 2026 and will end on August 17, 2026.\n\n \n\n**Initial\nPublic Offering (“IPO”) and Ticker Symbol Change**\n\n \n\nOn\nJanuary 23, 2025, the Company closed its IPO of 2,000,000 ordinary shares, at the public offering price of US$4.00 per\nshare. On January 25, 2025, R.F. Lafferty & Co., Inc., as the representative of the underwriters for the IPO, exercised its\nover-allotment option to purchase an additional 300,000 ordinary shares of the Company at the public offering price of US$4.00 per\nshare. The closing for the sale of the over-allotment shares took place on January 27, 2025. The IPO and the exercise of the over-allotment\noption with net proceeds totaling HK$64,093,706 (US$8,238,371) from the offering after deducting underwriting discounts and offering\nexpenses of HK$7,369,135 (US$947,202) from the gross proceeds totaling HK$71,462,841 (US$9,200,000).\n\n \n\nThe\nOrdinary Shares were approved for listing on the Nasdaq Capital Market and commenced trading under the ticker symbol “MCTR”\non January 22, 2025. Effective at the opening of trading on Wednesday, December 10, 2025, the Company changed its trading symbol on the\nNasdaq Stock Market to “TJGC”.\n\n \n\nF-7\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies**\n\n** **\n\n**Basis\nof Presentation and Consolidation**\n\n** **\n\nThe\naccompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the\nUnited States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission\n(“SEC”).\n\n \n\nThe\nconsolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries and all intercompany\ntransactions and balances have been eliminated upon consolidation.\n\n \n\n**Going\nconcern**\n\n** **\n\nThe\naccompanying consolidated financial statements were prepared assuming the Company will continue as a going concern, which contemplates\ncontinuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The Company has incurred\nsignificant losses from operations of approximately HK$23.5 million for the year end March 31, 2026 and has accumulated deficit\nof HK$47.7 million. These factors raise substantial doubt about the Company's ability to continue as a going concern.\n\n \n\nTo\naddress its capital and liquidity requirements, management has implemented several financing and operational initiatives. Subsequent\nto the year ended March 31, 2026, on April 16, 2026, the Company successfully closed a registered follow-on public offering, generating\ngross proceeds of US$6,000,000 (net proceeds of approximately US$5,435,772) to support working capital and general corporate purposes.\n\n \n\nOperationally,\nthe Company plans to increase its revenue by strengthen communication and coordination with game companies to accelerate the development\nspeed of games and gaming platforms, explore new advertising sources, and reduce unnecessary cost expenditures. If deemed necessary,\nmanagement may also seek to raise additional capital by way of admitting strategic investors, conducting further private or public offerings,\nor by securing loans from banks or other financial institution to support daily operation.\n\n \n\nWhile\nmanagement believes in the viability of its strategy to generate sufficient revenues and its ability to raise additional funds on reasonable\nterms and conditions, there can be no assurances to that effect.\n\n \n\nThe\nconsolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going\nconcern.\n\n \n\n**Use\nof Estimates and Assumptions**\n\n \n\nThe\npreparation of consolidated financial statements in conformity with U.S. GAAP requires the management to make estimates and assumptions\nthat affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial\nstatements and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are based on\nhistorical information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable\nunder the circumstances. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts\nreceivable, the allowance for credit losses, useful lives of property and equipment, deferred income taxes, the realization of deferred\ntax assets, revenue recognition and other provisions and contingencies. Actual results could differ from those estimates.\n\n \n\n**Foreign\nCurrency Translation**\n\n \n\nThe\nCompany uses Hong Kong Dollar (“HK$”) as its reporting currency. The functional currency of the Company in British Virgin\nIslands and its subsidiaries in Hong Kong is HK$. The functional currency is the currency of the primary economic environment in\nwhich an entity operates as stated by ASC 830, “Foreign Currency Matters”.\n\n  \n\nF-8\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Foreign\nCurrency Translation **(cont.)\n\n \n\nIn\nthe consolidated financial statements of the Company, transactions in currencies other than the functional currency are measured and\nrecorded in the functional currency using the exchange rate in effect at the date of the transaction. At the balance sheet date, monetary\nassets and liabilities that are denominated in currencies other than the functional currency are translated into the functional currency\nusing the exchange rate at the balance sheet date. All gains and losses arising from foreign currency transactions are recorded in the\nincome statements during the year in which they occur.\n\n \n\nTranslations\nof amounts in the consolidated balance sheets, consolidated statements of income, consolidated statements of changes in shareholders’\nequity and consolidated statements of cash flows from HK$ into US$ for the year ended March 31, 2026 are solely for the convenience\nof the reader and were calculated at the noon buying rate of US$1 = HK$7.8400, as published in H.10 statistical release of the United States\nFederal Reserve Board. No representation is made that the HK$ amounts could have been, or could be, converted, realized or settled into\nUS$ at such rate or at any other rate.\n\n \n\n**Fair\nValue of Financial Instruments**\n\n \n\nThe\nfair value of a financial instrument is defined as the exchange price that would be received from an asset or paid to transfer a liability\n(as exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants\nat the measurement date.\n\n \n\nASC 820\ndefined fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between\nmarket participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The\nhierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of\ninputs used to measure fair value are as follows:\n\n \n\n \nLevel\n1\n—\nQuoted\nprices (unadjusted) in active markets for identical assets and liabilities.\n\n \n \n \n \n\n \nLevel\n2\n—\nQuoted\nprices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either\ndirectly or indirectly in the market place.\n\n \n \n \n \n\n \nLevel\n3\n—\nUnobservable\ninputs that are supported by little or no market.\n\n \n\nThe\nCompany considers the carrying amount of its financial assets and liabilities, which consist primarily of cash, accounts receivable,\namounts due from/(to) related parties, amount due to a director, deposits and other receivables, accounts payable, amount due to a shareholder,\naccruals and other payables, operating lease liabilities and bank borrowings are approximate the fair value of the respective assets\nand liabilities as of March 31, 2026 and 2025 owing to their short-term nature or present value of the assets and liabilities.\n\n \n\n**Cash\nand Cash Equivalents**\n\n \n\nCash\ncomprise cash at banks and on hand which includes deposits with original maturities of three months or less with commercial banks\nin Hong Kong. As of March 31, 2026 and 2025, the Company did not have any cash equivalents. The Company maintains the bank\naccounts in Hong Kong. Cash balances in bank accounts in Hong Kong are protected up to HK$500,000 per account holder in\neach bank which is a member of the Hong Kong Deposit Protection Scheme.\n\n  \n\nF-9\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies** (cont.)\n\n** **\n\n**Accounts\nReceivable**\n\n \n\nAccounts\nreceivable mainly represent amounts due from clients for advertising services which are recorded net of allowance for credit losses.\nThe Company grants general credit term of 30 days to its customers in the normal course of business. The management considers various\nfactors such as historical collection record, customer’s current creditworthiness, customer’s concentration, the age of the\naccounts receivable balance both individually and aggregately and general economic conditions to determine the collectability of the\naccounts receivable balances.\n\n \n\nThe\nCompany carries accounts receivable at the face amounts less a reserve for estimated credit losses in accordance with the current expected\ncredit loss (CECL) model under ASC 326. The Company estimates its reserve for credit losses using relevant available information from\ninternal and external sources relating to past events, current conditions and reasonable and supportable forecasts. Accounts receivable\nare written off when deemed uncollectible, and any subsequent recoveries are recognized in income when received. During the year ended\nMarch 31, 2026, the Company recorded a reversal of the provision for credit losses of HK$258,924 (US$33,026) on the consolidated\nfinancial statement related to accounts receivable. As of March 31, 2026, the reserve for credit losses was HK$71,113 (US$9,071).\n\n \n\n**Deposits,\nprepayments and other receivables**\n\n \n\nDeposits\nrepresent deposit paid to service providers such as utilities and office rental. Prepayments represent (i) advance payments made\nto the service providers for the advertising services and the vendors for certain prepaid services such as insurance, (ii) prepayment\nfor exhibitions, (iii) prepaid games and game platform maintenance service fee. Other receivables primarily represent the amount due\nfrom a cooperative exhibition service provider. During the year ended March 31, 2026, the Company recorded a reversal of impairment loss\non prepayment for exhibitions of HK$3,083,924 (US$393,358). Deposits, prepayments and other receivables are unsecured and are reviewed\nperiodically to determine whether their carrying value have become impaired.\n\n \n\n**Lease **\n\n \n\nThe\nCompany applies ASU 2016-02 Leases (Topic 842) (“Topic 842”). The lease standard provides practical expedients\nfor an entity ongoing accounting. The Company elected to apply the short-term lease exception for lease arrangements with a lease term\nof 12 months or less at commencement. Lease terms used to compute the present value of lease payments do not include any option\nto extend, renew or terminate the lease that the Company is not able to reasonably certain to exercise upon the lease inception. Accordingly,\nROU assets and operating lease liabilities do not include leases with a lease term of 12 months or less.\n\n \n\nThe\nCompany did not adopt the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single\nlease component. Non-lease components include payments for building management and utilities. It separates the non-lease components from\nthe lease components to which they relate.\n\n \n\nAt\ninception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys\nthe right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract\nis or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to\nobtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset.\n\n \n\nROU\nassets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation\nto make lease payments arising from the lease. The ROU assets and lease liabilities are recognized at lease commencement date based on\nthe present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company\nuses its incremental borrowing rate based on the information available at lease commencement date in determining the present value of\nlease payments. The ROU assets also any lease payments made and excludes lease incentives. The Company’s lease terms may include\noptions to extend or terminate the lease. Renewal options are considered within the ROU assets and lease liabilities when it is reasonably\ncertain that the Company will exercise that option. Lease expenses for lease payments are recognized on a straight-line basis over\nthe lease term.\n\n \n\nF-10\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Property\nand Equipment, net**\n\n \n\nProperty\nand equipment are stated at cost, net of accumulated depreciation. Depreciation are provided for on a straight-line basis over the\nestimated useful lives of the related assets as follows:\n\n \n\nOffice equipment  4 years\n\nLeasehold improvements  4 years\n\nMotor vehicles  5 years\n\n \n\nExpenditures\nfor maintenance and repairs are expensed as incurred. Expenditures for major renewals and improvements which substantially extend the\nuseful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective\naccounts, and any gain or loss is recognized in the consolidated statements of income in other income, net.\n\n \n\n**Games\nDevelopment Costs**\n\n \n\nThe\nCompany capitalizes eligible games development costs in accordance with ASC 985-20, Costs of Software to Be Sold, Leased, or Marketed,\nonce technological feasibility is established. Costs incurred prior to establishing technological feasibility are expensed as research\nand development. Capitalized costs are amortized on a product-by-product basis over the estimated economic life of the game, using the\ngreater of the straight-line method or the ratio of current to total estimated future gross revenues. The Company evaluates these assets\nfor impairment at each balance sheet date, recording an impairment loss if the unamortized cost exceeds the estimated net realizable\nvalue. As of March 31, 2026, the Company recognized an impairment loss of games development costs of HK$4,312,000 (US$550,000).\n\n \n\n**Impairment\nof Long-Lived Assets**\n\n \n\nThe\nCompany reviews the recoverability of its long-lived assets whenever events or changes in circumstances (such as a significant adverse\nchange to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset may no longer\nbe recoverable. When these events occur, the Company measures impairment by comparing the carrying value of the long-lived assets to\nthe estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum\nof the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss,\nwhich is the excess of carrying amount over the fair value of the assets, using the expected future discounted cash flows. There were\nno impairment losses on long-lived assets for the years ended March 31, 2026 and 2025.\n\n \n\n**Revenue\nRecognition**\n\n** **\n\nThe\nCompany applied ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”) for all years presented.\n\n \n\nThe\ncore principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services\nto customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or\nservices.\n\n \n\nThe\nfollowing five steps are applied to achieve that core principle:\n\n \n\nStep\n1: Identify the contract with the customer\n\n \n\nStep\n2: Identify the performance obligations in the contract\n\n \n\nStep\n3: Determine the transaction price\n\n \n\nStep\n4: Allocate the transaction price to the performance obligations in the contract\n\n \n\nStep\n5: Recognize revenue when the company satisfies a performance obligation.\n\n \n\nF-11\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Revenue\nRecognition** (cont.)\n\n** **\n\nThe\nCompany has elected to apply the practical expedient in paragraph ASC 606-10-50-14 and does not disclose information about remaining\nperformance obligations that have original expected durations of one year or less.\n\n \n\nThe\nCompany applied ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”) for all years presented.\n\n \n\nThe\ncore principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services\nto customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or\nservices.\n\n \n\nThe\nfollowing five steps are applied to achieve that core principle:\n\n \n\nStep\n1: Identify the contract with the customer\n\n \n\nStep\n2: Identify the performance obligations in the contract\n\n \n\nStep\n3: Determine the transaction price\n\n \n\nStep\n4: Allocate the transaction price to the performance obligations in the contract\n\n \n\nStep\n5: Recognize revenue when the company satisfies a performance obligation.\n\n \n\nThe\nCompany has elected to apply the practical expedient in paragraph ASC 606-10-50-14 and does not disclose information about remaining\nperformance obligations that have original expected durations of one year or less.\n\n \n\nThe\nCompany enters into contracts with customers that include promises to transfer various services, which are generally capable of being\ndistinct and accounted for as separate performance obligations. The transaction price is allocated to each performance obligation on\na relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance\nobligation is satisfied, at a point in time or over time as appropriate. Revenue is recognized when the promised services are transferred\nto customers, in an amount that reflects the consideration allocated to the respective performance obligation.\n\n \n\nThe\nCompany is engaging in the one-stop advertising services to customers in Hong Kong. The Company’s principal revenue stream\nincludes:\n\n* *\n\n*(a)*\n*Online\nadvertising*\n\n \n\nFor\nrevenue generated through the online placement of advertisements, the Company’s performance obligation is fulfilled at the point\nin time when the advertisement content is broadcasted in the digital media and the marketing publication is publicly released, or the\ntransfer of the broadcasting right to the customer is made.\n\n \n\nIn\nthe event the contract with the customer further entitles the Company to a one-off licensing fee for granting the customer the intellectual\nproperty right attached to the advertising contents and materials, the Company concluded that such licensing fee is integral to but not\ndistinct or separated from the overall advertising solution package.\n\n \n\nF-12\n\n[Table of Contents](#toc)\n\n  \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Revenue\nRecognition **(cont.)\n\n** **\n\n*(a) Online advertising*\n\n** **\n\nThe\nentire transaction price of the advertising contract, inclusive of the online advertising fee and the licensing fee, is attributed as\na single performance obligation and revenue is recognized at the point in time when the Company’s contractual obligation is completed\nthat is the broadcast of the advertisement content and transfer of the intellectual property right are simultaneously fulfilled.\n\n \n\n*(b) Offline advertising and web banner marketing*\n\n \n\nFor\nrevenue generated through the offline and web banner placement, the Company performed its services over a specific tenure set out in\nthe advertising contract. The performance obligation is fulfilled over this pre-determined period when the agreed-upon action is completed\nor when the advertisement is displayed in the relevant medium to the public or target audience.\n\n \n\nThe\nCompany recognizes the revenue over the pre-determined contract period, generally the advertising period, during which its services are\nrendered to the advertiser and satisfied the relevant performance obligation. The Company enters a distinct contract with its customers.\nThe Company concluded that each of the respective services (1) is distinct and (2) meets the criteria for recognizing revenue\nover time. In addition, the nature of services provided for each successive period are substantially similar and result in the transfer\nof substantially the same benefit to the customers. Therefore, we concluded that the periodic services fee satisfies the requirements\nof ASC 606-10-25-14(b) to be accounted for as a single performance obligation.\n\n \n\n*(c) Provisioning of strategic planning services*\n\n \n\nRevenue\ngenerated from providing strategic planning services is recognized over time as the Company successively fulfils its performance obligation\nover the contractual service period and the advertiser simultaneously receives and consumes the benefits provided by the Company’s\nservice performance.\n\n \n\nThe\nCompany concluded that each of the respective services (1) is distinct and (2) meets the criteria for recognizing revenue over\ncontractual service period. In addition, the nature of services provided for each successive period are substantially similar and result\nin the transfer of substantially the same benefit to the customers. That is, the benefit consumed by the clients is substantially similar\nfor each month, even though the exact volume of services may vary. Therefore, we concluded that the periodic services fee satisfies the\nrequirements of ASC 606-10-25-14(b) to be accounted for as a single performance obligation.\n\n \n\n*(d) Other services*\n\n \n\nOther\nservices rendered by the Company to its clients include provision of (i) administrative services; and (ii) strategic planning\non a profit-sharing fee basis.\n\n \n\nThe\nCompany’s administrative services generally, including delivery costs and prop making, are typically rendered on a per-task basis,\nfor which the Company enters into an individual contract with the client for the performance of a specific service with a corresponding\ndistinct performance obligation. For these services, the Company will charge a service fee which is normally determined as a particular\nmark-up percentage of the budgeted cost of the services. Revenue from the provision of administrative services is recognized at a point\nin time when the service delivery was made and the performance obligation is fulfilled.\n\n \n\nThe\nCompany’s profit-sharing with strategic planning services is governed by a relevant framework agreement incepted with the client,\naccording to which the Company is entitled to a profit-sharing determined as a specific percentage of the advertiser’s net profit\nderived during the pre-determined contractual period from the underlying mobiles games. Revenue generated from the provision of these\nservices is recognized at a point in time when the advertiser ascertains the underlying mobile games’ net profit and confirmed\nour entitled profit-sharing amount.\n\n \n\nF-13\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Revenue\nRecognition **(cont.)\n\n** **\n\nThe\nfollowing table presents disaggregated information of revenues by major service lines for the years ended March 31, 2026 and\n2025, respectively:\n\n \n\n  \nFor the years ended March 31 \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nOnline advertising \n 10,728,665  \n 10,862,227  \n 1,385,488 \n\nOffline advertising and web banner \n 17,966,617  \n 14,289,326  \n 1,822,618 \n\nStrategic planning services \n 369,124  \n 418,331  \n 53,359 \n\nOther services \n 1,407,725  \n 3,147,679  \n 401,489 \n\n  \n 30,472,131  \n 28,717,563  \n 3,662,954 \n\n \n\nRevenue\ndisaggregated by timing of revenue recognition for the years ended March 31, 2026 and 2025 is disclosed in the table below:\n\n \n\n  \nFor the years ended March 31 \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nPoint in time \n 12,136,390  \n 14,004,721  \n 1,786,316 \n\nOver time \n 18,335,741  \n 14,712,842  \n 1,876,638 \n\n  \n 30,472,131  \n 28,717,563  \n 3,662,954 \n\n \n\nThe\nCompany also selected to apply the practical expedients allowed under ASC Topic 606 to omit the disclosure of remaining performance\nobligations for contracts with an original expected duration of one year or less. As of March 31, 2026 and 2025, all contracts of\nthe Company were with an original expected duration within one year.\n\n \n\nF-14\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Contract\nLiabilities**\n\n \n\nThe\nCompany’s contract liabilities include payments received in advance of performance under offline advertising and web banner marketing\nservice contracts which will be recognized as revenue as the Company executed the advertising services with customers under the contract.\n\n \n\nContract\nLiabilities are recognized when the customers pay consideration before the Company recognizes the related revenue. Contract Liabilities\nwould also be recognized if the Company has an unconditional right to receive consideration before the Company recognizes the related\nrevenue. In such cases, a corresponding receivable would also be recognized.\n\n \n\n**Other\nIncome, net**\n\n \n\nOther\nincome, net primarily consists of bank interest income, reversals of the provision for credit losses, and reversals of prior-period operational\nover-accruals. Bank interest income is recognized as earned. Reversals of over-accruals are recognized when the underlying liabilities\nare settled or are no longer required. Further details regarding the reversal of the provision for credit losses are disclosed in the\n\"Accounts Receivable\" note.\n\n \n\n**Cost\nof Services**\n\n \n\nThe\nCompany’s cost of services is primarily comprised of the subcontract costs of online advertising, offline advertising cost, exhibition\ncosts, consultation fee, staff costs and other direct costs associated with providing other services, including delivery costs, discount\nand production costs. These costs are expenses as incurred.\n\n \n\n**Income\nTaxes**\n\n \n\nThe\nCompany accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences\nattributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their\nrespective tax bases.\n\n \n\nDeferred\ntax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those\ntemporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates\nis recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred\ntax assets to the amount expected to be realized.\n\n \n\nThe\nprovisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold\nfor consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This\ninterpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred\nincome tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.\n\n \n\nAn\nuncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained\nin a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized\non examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and\ninterest incurred related to underpayment of income tax are classified as income tax in the year incurred.\n\n  \n\nF-15\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Segment\nreporting**\n\n** **\n\nThe\nCompany operates and manages its business as a single segment, in accordance with ASC 280, Segment Reporting. The Company’s\nchief operating decision maker (“CODM”) is the Chairman and directors. The Company’s CODM reviews the consolidated\nresults when making decision as a whole. The Company generates substantially all of its revenues from clients in Hong Kong. Accordingly,\nno geographical segments are presented. Substantially all of the Company’s long-lived assets are located in Hong Kong.\n\n \n\n**Earnings\nPer Share**\n\n \n\nThe\nCompany computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”).\nASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS are computed by dividing\nincome available to ordinary shareholders of the Company by the weighted average ordinary shares outstanding during the period. Diluted\nEPS takes into account the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised\nand converted into ordinary shares. As of March 31, 2026 and 2025, there were no dilutive shares.\n\n \n\n**Statement\nof Cash Flows**\n\n \n\nIn\naccordance with ASC 230, “Statement of Cash Flows”, cash flows from the Company’s operations are formulated based\nupon the local currencies.\n\n \n\n**Commitments\nand Contingencies**\n\n \n\nIn\nthe normal course of business, the Company is subject to contingencies, such as legal proceedings and claims arising out of its business,\nwhich cover a wide range of matters. Liabilities for contingencies are recorded when it is probable that a liability has been incurred\nand the amount of the assessment can be reasonably estimated.\n\n \n\nIf\nthe assessment of a contingency indicates that it is probable that a material loss is incurred and the amount of the liability can be\nestimated, then the estimated liability is accrued in the Company’s financial statements. If the assessment indicates that a potentially\nmaterial loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the\ncontingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed.\n\n \n\nLoss\ncontingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee\nwould be disclosed.\n\n \n\n**Related\nparties**\n\n** **\n\nParties\nare considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant\ninfluence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject\nto common control or common significant influence by the same party, such as a family member or relative, shareholder, or a related corporation.\n\n  \n\nF-16\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements **\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Significant\nRisks**\n\n* *\n\n*Currency\nRisk*\n\n \n\nThe\nCompany’s operating activities are transacted in HK$. Foreign exchange risk arises from future commercial transactions, recognized\nassets and liabilities and net investments in foreign operations. The Company considers the foreign exchange risk in relation to transactions\ndenominated in HK$ with respect to US$ is not significant as HK$ is pegged to US$.\n\n \n\n*Concentration\nand Credit Risk*\n\n \n\nFinancial\ninstruments that potentially subject the Company to the concentration of credit risks consist of cash and accounts receivable. The maximum\nexposures of such assets to credit risk are their carrying amounts as of the balance sheet dates.\n\n \n\nAs\nof March 31, 2026 and 2025, the Company’s deposits its cash with banks located in Hong Kong and Taiwan. In Hong Kong,\nDeposit Protection Scheme is in place which protects eligible deposits held with banks in Hong Kong. Hong Kong Deposit Protection\nBoard will compensate up to a limit of HK$500,000 to each depositor if the bank which hold eligible deposits fails. In Taiwan, Deposit\nInsurance provided by the Central Deposit Insurance Corporation are in place which protects eligible deposits held with financial institutions\nin Taiwan. Central Deposit Insurance Corporation will compensate up to a limit of NT$3 million to each depositor if the financial\ninstitution which hold eligible deposits fails. The Company believes that no significant credit risk exists and has not incurred any\nlosses related to such deposits as of March 31, 2026 and 2025.\n\n \n\nFor\nthe credit risk related to accounts receivable, the Company performs periodic credit evaluations of its customers’ financial condition\nand generally does not require collateral. The Company establishes an allowance for credit losses based upon estimates, factors surrounding\nthe credit risk of specific customers and other information. The management believes that its contract acceptance, billing, and collection\npolicies are adequate to minimize material credit risk. Application for progress payment of contract works is made on a regular basis.\nThe Company seeks to maintain strict control over its outstanding receivables. Overdue balances are reviewed regularly by the directors.\n\n \n\nFor\nthe years ended March 31, 2026 and 2025, all of the Company’s assets and liabilities were primarily located in Hong Kong and\nall of the Company’s revenue and cost of services were derived from its subsidiary located in Hong Kong. The Company\ndoes not allocate its assets located and expenses incurred outside Hong Kong to its Taiwan branch because these assets and activities\nare managed at a corporate level. The Company has a concentration of its revenue and accounts receivable with specific customers\nand cost of sales and accounts payable with specific suppliers.\n\n \n\nFor\nthe year ended March 31, 2026, four customers accounted for 11.2%, 10.8%, 10.6% and 10.1% of the Company’s total revenue,\nrespectively. For the year ended March 31, 2025, one customer accounted for 10.6% of the Company’s total revenue.\n\n \n\nAs\nof March 31, 2026, two customers’ accounts receivable accounted for 23.4% and 18.7% of the total accounts receivable, respectively.\nAs of March 31, 2025, two customers’ accounts receivable accounted for 13.8% and 10.3% of the total accounts receivable,\nrespectively.\n\n \n\nFor\nthe years ended March 31, 2026 and 2025, no vendor accounted for over 10% of the Company’s total purchase.\n\n \n\nAs\nof March 31, 2026, one supplier’s accounts payable accounted for 14.3% of the total accounts payable. As of March 31, 2025,\ntwo suppliers’ accounts payable accounted for 26.1% and 22.6% of the total accounts payable, respectively.\n\n   \n\nF-17\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**2.\nSummary of Significant Accounting Policies **(cont.)\n\n** **\n\n**Significant\nRisks **(cont.)\n\n** **\n\n*Interest\nrate risk*\n\n* *\n\nFluctuations\nin market interest rates may negatively affect the Company’s financial condition and results of operations. The Company is exposed\nto floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material.\nThe Company has not used any derivative financial instruments to manage the interest risk exposure.\n\n \n\n**Recently\nIssued Accounting Standards, not yet Adopted by the Company**\n\n** **\n\nIn\nNovember 2024, the ASU 2025-01: Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40)\nissued in January 2025 clarified the effective date of ASU 2024-03 published. ASU 2024-03 expanded the disclosure of financial statements\nunder ASC 220-40 and requires public business entities (“PBE”) to provide a disaggregated disclosure of certain expense captions\ninto specified categories in disclosure within the footnote to the financial statements while it does not change the expense captions\non the face of the income statement. In the footnote to the financial statements, PBEs are required to disaggregate, in a tabular presentation,\neach relevant expense caption on the face of the income statement that includes any of the following natural expenses: (1) purchases\nof inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization\n(DD&A) recognized as part of oil- and gas-producing activities or other types of depletion expenses. The tabular disclosure would\nalso include certain other expenses, when applicable. This ASU will be effective for PBEs for annual reporting periods beginning after\nDecember 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is\nallowed. The Company is evaluating the impact of the adoption of this guidance in its consolidated financial statements.\n\n \n\nIn\nJuly 2025, the FASB released Accounting Standards Updated No. 2025-05, “Financial Instruments—Credit Losses (Topic 326):\nMeasurement of Credit Losses for Accounts Receivable and Contract Assets”, which amends ASC 326-20 by simplifying the measurement\nof credit losses on current account receivable and current contract assets arising from transactions accounted for under ASC 606. The\nguidance provides a practical expedient for all entities and an accounting policy election for all private entities. The practical expedient\nallows entities to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the\nassets when developing a reasonable and sustainable forecast for estimating expected credit losses on these assets. Entities other than\npublic business entities that elect the practical expedient are permitted to make an accounting election to consider collection activity\nfollowing the balance sheet date when measuring the estimated credit losses on those assets. This guidance is effective for annual reporting\nperiods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods on a prospective basis.\nEarly adoption is permitted. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated\nfinancial statements.\n\n \n\nIn\nDecember 2025, the FASB issued Accounting Standards Update No. 2025-11, “Interim Reporting (Topic 270), Narrow-Scope Improvements”.\nWhile this guidance does not change the fundamental nature of interim reporting or amend the current interim disclosure requirements,\nintends to improve the navigability of the required interim disclosures and clarify when that guidance is applicable and provides additional\nguidance on what disclosures should be included in interim reporting periods. It also requires entities to disclose events since the\nend of the last annual reporting period that have a significant impact on the entity. Under ASU 2025-11, all public entities are required\nto adopt this guidance for interim periods within annual periods beginning after December 15, 2027. This guidance is effective for entities\nother than public business entities for interim periods within annual periods beginning after December 15, 2028. The guidance can be\napplied either prospectively or retrospectively to any or all period periods presented in the financial statements. Early adoption is\npermitted for all entities. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated\nfinancial statements.\n\n \n\nExcept\nas mentioned above, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted,\nwould have a material effect on the Company’s consolidated balance sheets, statements of income and statements of cash flows.\n\n \n\nF-18\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**3.\nAccounts Receivable**\n\n \n\nAccounts\nreceivable consisted of the following as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nAccounts receivable \n 2,886,330  \n 4,280,268  \n 545,953 \n\nProvision of credit losses \n (330,037) \n (71,113) \n (9,071)\n\nTotal Accounts receivable \n 2,556,293  \n 4,209,155  \n 536,882 \n\n** **\n\n**4.\nContract Assets and Liabilities**\n\n \n\nThe\nCompany’s contract assets typically represent advertising services, such as TV, web banner and other offline advertising, and exhibition\nservices, that the Company has performed and transferred to a customer while the contractual advertising or exhibition period has not\nfinished. When the pre-determined advertising period is completed, accounts receivable will be recognized with invoices issued. The Company\nhad no contract assets as of March 31, 2026 and 2025.\n\n \n\nThe\nCompany’s contract liabilities include payments received in advance of performance under offline advertising and web banner service\ncontracts which will be recognized as revenue as the Company executed the one-stop advertising services with customers under the contract.\n\n \n\nNone of\nthe contract liabilities is expected to be recognized as income after more than one year recognized as revenue, respectively.\n\n \n\nContract\nliabilities consisted of the following as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nBalance as of April 1, 2024 and 2025 \n —  \n —  \n — \n\nAdditions \n —  \n 29,125  \n 3,715 \n\nRevenue recognized \n —  \n —  \n — \n\nBalance as of March 31, 2025 and 2026 \n —  \n 29,125  \n 3,715 \n\n**  **\n\nF-19\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**5.\nDeposits, prepayments and other receivables**\n\n** **\n\nDeposits,\nprepayments and other receivables consisted of the following as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nRental deposits \n 45,960  \n 44,500  \n 5,676 \n\nPrepayments \n    \n    \n   \n\n– Prepayments for services \n 1,026,124  \n 2,453,026  \n 312,886 \n\n– Prepayments for exhibition cost (a) \n 15,292,500  \n —  \n — \n\nLess: Impairment on the prepayment (a) \n (10,593,902) \n —  \n — \n\nOther receivables (a) \n 900  \n 13,536,447  \n 1,726,588 \n\nDeposits, Prepayments and Other Receivables, net \n 5,771,582  \n 16,033,973  \n 2,045,150 \n\n \n\n(a)\nOn February 14, 2025, CTRL Solutions entered into four cooperative investment agreements with an exhibition service provider. The total value of the four cooperative investment agreements is HK$15,292,500. The exhibition partner would coordinate and organize four exhibitions during the year ended March 31, 2026. After the management reviewed the exhibition that already held and projected results of other exhibitions, the management impaired the prepayment of HK$10,593,902 as of March 31, 2025.\n\n \n\nDuring the year ended March 31, 2026, the four previously scheduled exhibitions and one additional exhibition contracted during the year were completed. The total gross exhibition cost incurred for these five exhibitions amounted to HK$21,542,500. Upon completion, the Company recognized the net financial impact of these events as a loss on exhibitions held of HK$496,075 within the Company’s other loss in the consolidated statements of operations. Additionally, the remaining recoverable balance of the prepaid exhibition costs due from the exhibition service provider, amounting to HK$13,536,447, was classified as other receivables. Furthermore, based on the actual financial results of the exhibitions, the Company recorded a reversal of the previously recognized impairment loss in the amount of HK$3,083,924 (US$393,358).\n\n \n\n**6.\nGames development costs**\n\n** **\n\nGames\ndevelopment costs consisted of the following as of March 31:\n\n** **\n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nGames development costs \n 8,190,000  \n 14,504,000  \n 1,850,000 \n\nLess: Impairment on the prepayment \n —  \n (4,312,000) \n (550,000)\n\nGames development costs, net \n 8,190,000  \n 10,192,000  \n 1,300,000 \n\n \n\nOn\nMarch 7, 2025, CTRL Games entered into a game development agreement with a service provider to develop mobile games platform for a total\nconsideration of US$2.1 million. On January 30, 2026, the parties executed a supplemental agreement, mutually reducing the total contract\nconsideration to US$1.9 million. During the year ended March 31, 2026, CTRL Games entered into a separate agreement with an independent\ngame developer to build a game membership platform webpage and a software development kit which amounted to US$0.2 million. The Company\nanticipates officially launching the platform and related games to the public during the year ending March 31, 2027. As of March 31,\n2026, the Company performed a recoverability assessment of the prepaid development costs. Based on an analysis of the latest projected\nfuture cash flows associated with the games, the Company determined that the carrying amount of the prepayments exceed their estimated\nfair value. Consequently, the Company recorded an impairment loss of HK$ 4,312,000 (US$550,000) for the year ended March 31, 2026.\n\n \n\n**7.\nProperty and equipment, net**\n\n \n\nProperty\nand equipment, stated at cost less accumulated depreciation, consisted of the following as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nOffice equipment \n 14,488  \n 14,488  \n 1,848 \n\nLeasehold improvements \n 246,332  \n 246,332  \n 31,420 \n\nMotor Vehicles \n 350,082  \n 350,082  \n 44,653 \n\nLess: accumulated depreciation \n (418,357) \n (488,373) \n (62,292)\n\nNet book value \n 192,545  \n 122,529  \n 15,629 \n\n \n\nDepreciation\nexpense of property and equipment totaled HK$174,966 (US$22,317) and HK$75,851 for the years ended March 31, 2026 and\n2025, respectively.\n\n \n\nDuring\nthe year ended March 31, 2026, the Company acquired and subsequently disposed of a motor vehicle with an original cost of HK$572,454\n(US$73,017). At the time of disposal, the vehicle had a net carrying value of HK$467,504, representing its original cost less accumulated\ndepreciation of HK$104,950. The Company received cash proceeds of HK$500,000 (US$63,776) from the disposal, resulting in a gain on disposal\nof HK$32,496 (US$4,145). This gain has been recognized within the Company’s other income, net in the consolidated statements of\noperations.\n\n*  *\n\nF-20\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n **8.\nLeases**\n\n** **\n\nThe\nCompany leases office under non-cancelable operating lease agreement. Per the new lease standard ASC 842-10-55, this lease is treated\nas operating leases. Management determined the incremental borrowing rate was 3.0% for the lease that began in 2025 according to\nthe actual effective interest rate on the Company’s concurrent bank borrowing at the inception of the lease. This lease is\non a fixed payment basis. None of the leases include contingent rentals.\n\n \n\n**Description of lease**   **Lease term**\n\nOffice at Hung Hom, Hong Kong   2 years from July 16, 2023 to July 15, 2025\n\nOffice at Hung Hom, Hong Kong   2 years from July 16, 2025 to July 15, 2027\n\n \n\n(a) Amounts recognized in the consolidated balance sheets:    \n\n     \n\n   2025   2026   2026 \n\n   HK$   HK$   US$ \n\nRight-of-use assets   134,352    532,611    67,935 \n\n                \n\nOperating lease liabilities – current   134,352    397,457    50,696 \n\nOperating lease liabilities – non-current   —    135,154    17,239 \n\n    134,352    532,611    67,935 \n\n                \n\nWeighted average remaining lease term (in years)   0.3    1.3      \n\nWeighted average discount rate (%)   5.9    3.0      \n\n \n\nFor\nthe years ended March 31, 2026 and 2025, the Company incurred total operating lease expense of HK$408,000 (US$52,041) and HK$408,000,\nrespectively.\n\n \n\n(b) The\nfollowing table sets forth the remaining contractual maturities of the Company:\n\n \n\n  \nHK$  \nUS$ \n\nFor the year ended March 31, \n   \n  \n\n2027 \n 408,000  \n 52,041 \n\n2028 \n 136,000  \n 17,347 \n\nTotal future lease payments \n 544,000  \n 69,388 \n\nLess: imputed interest \n (11,389) \n (1,453)\n\nPresent value of lease liabilities \n 532,611  \n 67,935 \n\n \n\n**9.\nAccruals and other payables**\n\n \n\nComponents\nof accruals and other payables are as follows as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nAccruals \n 877,685  \n 117,527  \n 14,991 \n\nAccrued games development costs \n —  \n 4,704,000  \n 600,000 \n\nAccrued interest expense \n —  \n 452,784  \n 57,753 \n\nOther payables \n —  \n 93,508  \n 11,927 \n\n  \n 877,685  \n 5,367,819  \n 684,671 \n\n \n\nF-21\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**10.\nBank and other borrowings**\n\n** **\n\nComponents\nof bank and other borrowings are as follows as of March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nThe Bank of East Asia Limited (a) \n 8,130,873  \n 7,214,709  \n 920,243 \n\nA licensed money lender in Hong Kong (b) \n —  \n 8,380,000  \n 1,068,878 \n\nTotal \n 8,130,873  \n 15,594,709  \n 1,989,121 \n\nLess: bank and other borrowings – current \n (913,024) \n (9,327,709) \n (1,189,759)\n\nBank and other borrowings – non-current \n 7,217,849  \n 6,267,000  \n 799,362 \n\n  \n\n(a)\nBank loan\n\n \n\nOn March 16, 2023, CTRL Media borrowed a non-revolving term loan of HK$9.0 million (US$1.1 million) as working capital for ten years at an annual interest rate of 3.4% which is 2.5% below the prime lending rate for Hong Kong under the loan agreement with The Bank of East Asia signed on March 7, 2023. According to the repayment schedule, the principal amount is repayable by 120 unequal monthly instalments and started to repay on March 16, 2023. All amounts (including any remaining balance of principal, accrued interest and any other sums) outstanding on March 16, 2033 shall be fully repaid on that day. The loan was secured by 1) personal guarantees of Mr. Shum Tsz Chung and 2) the SME Financing Guarantee Scheme operated by HKMC Insurance Limited.\n\n \n\nInterest expenses pertaining to the above bank loan for the years ended March 31, 2026 and 2025 amounted to HK$224,460 (US$28,630) and HK$294,642 respectively. The weighted average annual interest rate for the years ended 31 March 31, 2026 and 2025 was 2.94% and 3.45%, respectively.\n\n \n\n(b)\nOther borrowing from a licensed money lender in Hong Kong\n\n \n\nOn September 15, 2025, the Company’s wholly-owned subsidiary, CTRL Solutions, entered into a short-term loan agreement with an independent third-party licensed money lender providing for a loan facility of up to US$2,000,000. The loan bore interest at a rate of 12% per annum upon the first drawdown date. Under the terms of the agreement, the outstanding principal and interest were initially due four months from the agreement date; however, the parties subsequently agreed to establish the final repayment date as July 31, 2026.\n\n \n\nInterest expenses pertaining to the above other borrowing for the years ended March 31, 2026 amounted to HK$451,211 (US$57,553).\n\n \n\nMaturities of the bank and other borrowings were as follows:\n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nFor the year ended March 31, \n   \n   \n  \n\n2026 \n 1,144,464  \n —  \n — \n\n2027 \n 1,144,464  \n 10,298,632  \n 1,313,601 \n\n2028 \n 1,144,464  \n 1,134,228  \n 144,672 \n\n2029 \n 1,144,464  \n 1,134,228  \n 144,672 \n\n2030 \n 1,144,464  \n 1,134,228  \n 144,672 \n\nMore than five years \n 3,433,355  \n 3,402,684  \n 434,016 \n\nTotal Bank borrowing – non-current \n 9,155,675  \n 17,104,000  \n 2,181,633 \n\nLess: Imputed interest \n (1,024,802) \n (1,509,291) \n (192,512)\n\nTotal \n 8,130,873  \n 15,594,709  \n 1,989,121 \n\n \n\nF-22\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**11.\nIncome Tax**\n\n** **\n\n*(a)\nIncome Tax*\n\n \n\n*British\nVirgin Islands*\n\n \n\nUnder\nthe current and applicable laws of BVI, the Company is not subject to tax on income or capital gains.\n\n \n\n*Hong Kong*\n\n \n\nIn\naccordance with the relevant tax laws and regulations of Hong Kong, a company registered in Hong Kong is subject to income\ntaxes within Hong Kong at the applicable tax rate on taxable income. From year of assessment of 2018/2019 onwards, Hong Kong\nprofit tax rates are 8.25% on assessable profits up to HK$2,000,000, and 16.5% on any part of assessable profits over HK$2,000,000.\nHong Kong entities which are not qualified or selected under the two-tier tax rate are chargeable at the tax rate of 16.5% on any\nassessable profits.\n\n \n\n*Taiwan*\n\n \n\nIn\naccordance with the relevant tax laws and regulations of Taiwan, a company registered in Taiwan is subject to a corporate income tax\nrate of 20%.\n\n \n\nFor\nthe years ended March 31, 2026 and 2025, CTRL Media did not select the two-tier tax rate for income tax provision and a tax rate of 16.5%\nis applicable on all assessable profits.\n\n \n\nThe\ncomponents of the income tax provision are as follows:\n\n \n\n  \nFor the year ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nCurrent income tax \n 262,812  \n 264,564  \n 33,745 \n\nDeferred income tax \n (9,078) \n (9,144) \n (1,166)\n\n  \n 253,734  \n 255,420  \n 32,579 \n\n \n\nF-23\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**11.\nIncome Tax **(cont.)\n\n** **\n\nReconciliation\nbetween the provision for income tax computed by applying the Hong Kong Profits Tax rate of 16.5% to loss before income tax\nand the actual provision of income tax is as follows:\n\n \n\n  \nFor the year ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nLoss before income tax \n (26,582,692) \n (23,248,657) \n (2,965,390)\n\nHong Kong Profits Tax rate \n 16.5% \n 16.5% \n 16.5%\n\nIncome tax computed at Hong Kong Profits Tax rate \n (4,386,145) \n (3,836,028) \n (489,289)\n\n  \n    \n    \n   \n\nReconciling items: \n    \n    \n   \n\nTax effect of income that is not taxable \n (3,999) \n (1,620) \n (207)\n\nTax effect of expenses that is not deductible \n 57,014  \n 22,000  \n 2,806 \n\nTax effect of different tax rates in other jurisdiction \n 2,832,350  \n 3,070,972  \n 391,706 \n\nOver provision for pervious year \n (138,766) \n 1,656,018  \n 211,227 \n\nTax concession \n (3,000) \n (3,000) \n (383)\n\nValuation allowance \n 1,896,278  \n (652,921) \n (83,281)\n\nOthers \n 2  \n (1) \n — \n\nIncome tax \n 253,734  \n 255,420  \n 32,579 \n\n* *\n\n *(b)\nDeferred Tax Assets and Liabilities*\n\n \n\nThe\nCompany measures deferred tax liabilities based on the difference between the financial statement and tax bases of assets and liabilities\nat the applicable tax rates. Components of the Company’s deferred tax assets and liabilities are as follows:\n\n \n\n  \nFor the year ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nDeferred tax assets \n   \n   \n  \n\nImpairment loss on accounts receivable \n 54,456  \n 11,734  \n 1,496 \n\nImpairment loss (reversal of impairment loss) on prepayments \n 1,747,994  \n —  \n — \n\nImpairment loss on games development costs \n —  \n 711,480  \n 90,750 \n\nNet operation loss carrying forward \n 93,828  \n 520,143  \n 66,345 \n\nTotal deferred tax assets, net \n 1,896,278  \n 1,243,356  \n 158,591 \n\nLess: valuation allowance \n (1,896,278) \n (1,243,356) \n (158,591)\n\nDeferred tax assets, net \n —  \n —  \n — \n\n* *\n\n  \nFor the year ended March 31, \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nDeferred tax liabilities \n   \n   \n  \n\nDepreciation of property and equipment \n (23,684) \n (14,540) \n (1,855)\n\n* *\n\n*(c) Uncertainty of Tax Position*\n\n \n\nThe\nCompany evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical\nmerits, and measures the unrecognized benefits associated with the tax positions. As of March 31, 2026 and 2025, the Company did\nnot have any recognized potential tax benefits nor potential underpaid income tax from any interests and penalties and is not currently\nunder examination by an income tax authority, nor has been notified that an examination is contemplated. The Company believes there are no uncertain\ntax positions as at March 31, 2026 and 2025, and did not expect its assessment regarding unrecognized tax positions will materially\nchange over the next 12 months.\n\n \n\nF-24\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries**\n\n**Notes\nto Consolidated Financial Statements**\n\n** **\n\n**12.\nOther income, net**\n\n** **\n\nOther\nincome, net consisted of the following for the year ended March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nBank interest income, net \n 17,966  \n 26,753  \n 3,413 \n\nReversal of accounts receivable allowance \n —  \n 258,924  \n 33,026 \n\nReversal of accrued expenses \n —  \n 128,031  \n 16,330 \n\nOthers \n (187) \n 521  \n 66 \n\n  \n 17,779  \n 414,229  \n 52,835 \n\n** **\n\n**13.\nOther gain (loss)**\n\n** **\n\nOther\ngain (loss) consisted of the following for the year ended March 31:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nExchange gain and (loss), net \n 53,200  \n (102,664) \n (13,095)\n\nLoss on exhibitions held (a) \n —  \n (496,075) \n (63,275)\n\nGain on disposal of property and equipment \n —  \n 32,496  \n 4,145 \n\n  \n 53,200  \n (566,243) \n (72,225)\n\n** **\n\n(a) During the year ended March 31, 2026, the Company completed five cooperative exhibitions. The loss on exhibitions held is presented on a net basis, consisting of gross exhibition costs of HK$21,542,500, offset by exhibition costs receivable of HK$13,536,447 and an accumulated impairment loss of HK$7,509,978 upon completion.\n\n** **\n\n**14.\nRelated Party Balance and Transactions**\n\n** **\n\n**a.\nDue from related party**\n\n \n\nThe\nfollowing is a list of related party which the Company has balance with:\n\n \n\n \n(a)\nAct\nMedia Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\n \n(b)\nPump\nStudio Limited, controlled by Mr. Lau Chi Fung, a shareholder and member of the Company’s key management personnel.\n\n \n\nAs\nof March 31, 2026 and 2025, the balances of amounts due from a related party were as follows:\n\n \n\n  \n2025  \n2026  \n2026 \n\n  \nHK$  \nHK$  \nUS$ \n\nAct Media Co. Limited (a) \n (1) \n 54,200  \n 387,123  \n 49,378 \n\nPump Studio Limited (b) \n (2) \n 190,000  \n —  \n — \n\n  \n    \n 244,200  \n 387,123  \n 49,378 \n\n \n\n(1) The balance represented the account receivable from Act Media Co. Limited which were advertising service that the Company provided. The amount was trade in nature, unsecured, interest-free and within general credit period.\n\n \n\n(2) The balance represented the account receivable from Pump Studio Limited which was other service that the Company provided. The amount was trade in nature, unsecured, interest-free and within general credit period.\n\n \n\nF-25\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**14.\nRelated Party Balance and Transactions **(cont.)\n\n** **\n\n**b.**\n**Due\nto related parties, a director and a shareholder**\n\n** **\n\nThe\nfollowing is a list of related parties which the Company has balances with:\n\n \n\n \n(a)\nMr.\nShum Tsz Cheung, a shareholder of the Company.\n\n \n\n \n(b)\nAct\nMedia Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\n \n(c)\nMr.\nChen Wei, a director of the Company’s subsidiary, Tongjiang Group.\n\n \n\n \n(d)\nI\nam Media Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\n \n(e)\nMr.\nLau Chi Fung, a shareholder and member of the Company’s key management personnel.\n\n \n\n \n(f)\nMr.\nLam Kai Kwan, a shareholder and member of the Company’s key management personnel.\n\n \n\n \n(g)\nMr.\nSiu Chun Pong, a shareholder and member of the Company’s key management personnel.\n\n \n\n \n(h)\nMs.\nBin Guo, Chief Executive Officer and a director of the Company.\n\n \n\n \n(i)\nMs.\nJuan Yang, Chief Financial Officer and a director of the Company.\n\n \n\n \n(j)\nMr.\nYi Wu, an independent director of the Company.\n\n \n\nAs\nof March 31, 2026 and 2025, the balances of amounts due to related parties were as follows:            \n\n \n\n  \n  \n2025  \n2026  \n2026 \n\n  \n  \nHK$  \nHK$  \nUS$ \n\nMr. Shum Tsz Cheung (a) \n(1) \n 1,409,403  \n 3,371,203  \n 430,000 \n\nAct Media Co. Limited (b) \n(2) \n 54,075  \n —  \n — \n\nMr. Chen Wei (c) \n(3) \n —  \n 7,670  \n 979 \n\nI am Media Limited (d) \n(4) \n —  \n 26,250  \n 3,348 \n\nMr. Lau Chi Fung (e) \n(5) \n —  \n 721,280  \n 92,000 \n\nMr. Lam Kai Kwan (f) \n(5) \n —  \n 564,480  \n 72,000 \n\nMr. Siu Chun Pong (g) \n(5) \n —  \n 439,040  \n 56,000 \n\nMs. Bin Guo (h) \n(6) \n —  \n 176,400  \n 22,500 \n\nMs. Juan Yang (i) \n(6) \n —  \n 250,880  \n 32,000 \n\nMr. Yi Wu (j) \n(6) \n —  \n 98,000  \n 12,500 \n\n  \n  \n 1,463,478  \n 5,655,203  \n 721,327 \n\n \n\n(1) The balance represented the advance from the shareholder. The amount was unsecured, interest-free and repayable on demand.\n\n(2) The balance represented the account payable from Act Media Co. Limited which were advertising service that provided to the Company. The amount was trade in nature, unsecured, interest-free and within general credit period.\n\n(3) The balance represented the advance from the director of a subsidiary. The amount was unsecured, interest-free and repayable on demand.\n\n(4) The balance represented the account payable from I am Media Limited which were advertising service that provided to the Company. The amount was trade in nature, unsecured, interest-free and within general credit period.\n\n(5) The balances represented the service fee payable to the shareholders and members of the Company’s key management personnel. The amount was unsecured, interest-free and repayable on demand.\n\n(6) The balances represented the service fee payable to the directors. The amount was unsecured, interest-free and repayable on demand.\n\n  \n\nF-26\n\n[Table of Contents](#toc)\n\n \n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**14.\nRelated Party Balance and Transactions **(cont.)\n\n** **\n\n**c.**\n**Related\nparty transactions **\n\n \n\nThe\nfollowing is a list of related parties which the Company has transactions with:\n\n \n\n \n(a)\nAct\nMedia Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\n \n(b)\nI\nam Media Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\n \n(c)\nPump\nStudio Limited, controlled by Mr. Lau Chi Fung, a member of the Company’s key management personnel.\n\n \n\n \n(d)\nDignity\nPrivate Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company.\n\n \n\nFor\nthe years ended March 31, 2026 and 2025, the related party transactions were as follows:\n\n \n\n  \nNote \n2025  \n2026  \n2026 \n\n  \n  \nHK$  \nHK$  \nUS$ \n\nAdvertising service fee paid to Act Media Co. Limited (a) \n(1) \n 1,415,546  \n 1,143,650  \n 145,874 \n\nCelebrity fee paid to Act Media Co. Limited (a) \n(2) \n 23,300  \n —  \n — \n\nAdvertising service fee paid to I am Media Limited (b) \n(1) \n 189,375  \n 73,500  \n 9,375 \n\nCelebrity fee paid to Pump Studio Limited (c) \n(2) \n —  \n 61,000  \n 7,781 \n\nAdvertising service fee paid to Pump Studio Limited (c) \n(1) \n —  \n 162,459  \n 20,722 \n\nOther cost paid to Pump Studio Limited (c) \n(3) \n 18,467  \n 564,360  \n 71,985 \n\nConsulting fee paid to Dignity Private Limited (d) \n(4) \n —  \n 1,873,056  \n c \n\nAdvertising services fee received from Act Media Co. Limited (a) \n(5) \n 33,600  \n 145,000  \n 18,495 \n\nCelebrity fee received from Act Media Co. Limited (a) \n(6) \n 290,200  \n 1,387,091  \n 176,925 \n\nAdvertising services fee received from Pump Studio Limited (c) \n(5) \n 157,850  \n 441,068  \n 56,259 \n\nCelebrity fee received from Pump Studio Limited (c) \n(6) \n —  \n 6,077  \n 775 \n\nOther services fee received from Pump Studio Limited (c) \n(7) \n —  \n 86,876  \n 11,081 \n\n  \n\nNotes:\n \n\n \n\n(1) Act Media Co. Limited, I am Media Limited and Pump Studio Limited provided online and offline advertising and web banner services for the Company and the related parties charged an advertising fee for providing such services. The price was agreed between both parties and the advertising service was charged with reference to the market price of the advertising service. The advertising service was recorded as advertising fee in the cost of services.\n\n(2) Act Media Co. Limited and Pump Studio Limited charged the Company for a fee for soliciting celebrity to promote the customers’ advertising campaigns. The amount was recorded in the Company’s cost of service.\n\n(3) Pump Studio Limited charged the Company for other cost of the Company. The amount was recorded in the Company’s cost of service.\n\n(4) Dignity Private Limited provided consultancy services to the Company. The related fee was recorded in the Company’s general and administrative expense.\n\n(5) The Company mainly provided online and offline advertising service for Act Media Co. Limited and Pump Studio Limited and the Company charged a fee for the service. The online and offline advertising fee was recorded as revenue.\n\n(6) The Company solicited celebrities for Act Media Co. Limited and Pump Studio Limited to promote the customers’ advertising campaigns. The celebrity fee was recorded as revenue.\n\n(7) The Company provided administrative services for Pump Studio Limited to promote the customers’ advertising campaigns. The other services were recorded as revenue.\n\n  \n\nF-27\n\n[Table of Contents](#toc)\n\n** **\n\n**TJGC\nGroup Limited (formerly known as CTRL Group Limited) and Subsidiaries\nNotes to Consolidated Financial Statements**\n\n** **\n\n**15.\nShareholders’ Equity**\n\n** **\n\n**Ordinary\nshares**\n\n** **\n\n The\nCompany is a British Virgin Islands business company limited by shares. Under its memorandum and articles of association, the Company\nis authorized to issue an unlimited number of ordinary shares with no par value.\n\n \n\nAs\nof March 31, 2025, the Company had 5,100,000 ordinary shares issued and outstanding. There were no ordinary shares issued during the\nyear ended March 31, 2026. Consequently, as of March 31, 2026, the Company had 5,100,000 ordinary shares issued and outstanding.\n\n \n\nAll\nshare amounts have been retroactively restated to reflect the 1-for-3 share consolidation that became effective on May 26, 2026. See\nNote 17 for more details.\n\n \n\n**16.\nCommitments and Contingencies**\n\n** **\n\n**Commitments**\n\n** **\n\nAs\nof March 31, 2026, the Company did not have any significant capital and other commitments.\n\n \n\n**Contingencies**\n\n \n\nIn\nthe normal course of business, the Company is subject to contingencies, including legal proceedings and claims arising out of the business\nthat relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such\ncontingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made.\n\n** **\n\n**17.\nSubsequent Events**\n\n \n\nOn\nApril 15, 2026, the Company entered into a securities purchase agreement to issue and sell an aggregate of 15,000,000 ordinary shares,\nno par value per share, at a purchase price of US$0.40 per share, for aggregate proceeds of US$6,000,000. The closing of the offering\noccurred on April 16, 2026, from which the Company received net proceeds of approximately US$5,435,772, after deducting the placement\nagent fees and estimated offering expenses. (Note: The 15,000,000 ordinary shares issued and the US$0.40 per share purchase price in\nthis paragraph are presented on a pre-consolidation basis. On a post-consolidation basis, adjusting for the 1-for-3 share consolidation\ndescribed below, the transaction represents the issuance of 5,000,000 ordinary shares at an adjusted purchase price of US$1.20 per share.)\n\n \n\nOn\nMay 6, 2026, the Company’s board of directors approved a share consolidation of its issued ordinary shares at a ratio of one-for-three\n(1-for-3). The share consolidation became effective for trading on the Nasdaq Capital Market on May 26, 2026. As a result of the share\nconsolidation, the 15,300,000 ordinary shares issued and outstanding as of March 31, 2026, were reduced to 5,100,000 ordinary shares.\nUnder the BVI Business Companies Act and the Company's memorandum and articles of association, no shareholder approval was required.\nIn accordance with applicable accounting standards, all share and per-share data in these consolidated financial statements and related\nnotes have been retroactively adjusted to reflect the share consolidation for all periods presented.\n\n \n\nThe\nCompany evaluated all events and transactions that occurred after March 31, 2026 up through the date the Company issued the audited consolidated\nfinancial statements. 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