Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

 

For the month of September 2023

 

Commission File Number: 333-213314

 

HUAHUI EDUCATION GROUP LIMITED

(Translation of registrant’s name into English)

 

13^th Floor, Building B1, Wisdom Plaza,

Qiaoxiang Road, Nanshan District

Shenzhen, Guangdong Province, China 518000

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

 

 

 

 

 

HUAHUI EDUCATION GROUP LIMITED

 

Explanatory Note

 

The following exhibits are submitted:

 

99.1	Condensed Consolidated Financial Statements of Huahui Education Group Limited as of June 30, 2023
99.2	Operating and Financial Review and Prospects

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

September 27, 2023

 

	Huahui Education Group Limited (Registrant)
	/s/ Shufang Zeng
	Shufang Zeng
	Chief Executive Officer and President

 

 

Exhibit 99.1

 

HUAHUI EDUCATION GROUP LIMITED

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2023

U.S. DOLLARS IN THOUSANDS

UNAUDITED

 

INDEX

 

	Pages
Condensed Interim Consolidated Balance Sheets	2
Condensed Interim Consolidated Statements of Income (Loss)	3
Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity	4
Condensed Interim Consolidated Statements of Cash Flows	5
Notes to Condensed Interim Consolidated Financial Statements	6

 

1

 

 

HUAHUI EDUCATION GROUP LIMITED

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS

(In U.S. Dollars, except share data or otherwise stated)

 

		June 30, 2023				December 31, 2022
		Unaudited				Audited
ASSETS
Current assets:
Cash and cash equivalents			37,306				84,487
Account receivable			441,077				458,896
Other receivable			301,058				383,349
Related party receivable			313,289				-
Prepaid expenses and other current assets			3,007				1,055
Total current assets			1,095,737				927,787
Non-current assets:
Leasehold improvements and equipment, net			11,737				16,371
Operating lease right-of-use assets			431,428				545,745
Total non-current assets			443,165				562,116
Total assets			1,538,902				1,489,903
LIABILITIES AND EQUITY
Current liabilities:
Deferred revenue			194,357				306,785
Accounts payable, other payables and accruals			472,542				367,736
Short-term bank borrowings			2,757				-
Current operating lease liabilities			206,867				214,758
Amount due to related parties			922,919				704,980
Total current liabilities			1,799,442				1,594,259
Non-current liabilities:
Non-current operating lease liabilities			224,561				330,987
Total non-current liabilities			224,561				330,987
Total liabilities			2,024,003				1,925,246
Shareholders’ equity (deficit)
Share capital ($0.0001 par value, 302,734,900 shares issued and outstanding for the six months ended June 30, 2023 and the year ended December 31, 2022)			30,273				30,273
Additional paid-in capital			(1,140	)			(1,140	)
Foreign currency translation reserve			2,582				9,851
Retained (loss)			(549,253	)			(472,503	)
Non-controlling interest			32,437				(1,824	)
Total shareholders’ equity (deficit)			(485,101	)			(435,343	)
Total liabilities and equity			1,538,902				1,489,903

 

The accompanying notes are an integral part of the financial statements.

 

2

 

 

HUAHUI EDUCATION GROUP LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited)

(In U.S. Dollars, except share data or otherwise stated)

 

		For the six months ended
		June 30, 2023				June 30, 2022
Revenue			677,491				412,653
Cost of revenue			(114,456	)			(129,472	)
Gross profit			563,035				283,181
Selling and marketing expenses			(4,193	)			(3,886	)
General and administrative expenses			(587,446	)			(585,683	)
Operating loss			(28,604	)			(306,388	)
Other income (expenses), net			1,585				(7,401	)
Loss before income taxes			(27,019	)			(313,789	)
Income tax (expenses)			(15,470	)			(1,370	)
Net loss			(42,489	)			(315,159	)
Foreign currency translation differences			(7,269	)			(11,223	)
Total comprehensive loss for the period			(49,758	)			(326,382	)
Owners of the Company			(76,750	)			(314,549	)
Non-controlling interest			34,261				(610	)
Basic and diluted loss per ordinary share			(0.00	)			(0.00	)
Weighted average number of shares outstanding-Basic and diluted			302,734,900				302,734,900

 

The accompanying notes are an integral part of the financial statements.

 

3

 

 

HUAHUI EDUCATION GROUP LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT) (Unaudited)

(In U.S. Dollars)

 

		Share Capital				Capital Reserve				Foreign Currency Translation Reserve				Retained Earnings (Loss)				Non- controlling interest				Total Equity (Deficit)
Balance at January 1, 2022			30,273				(1,140	)			33,455				(191,051	)			-				(128,463	)
Loss for the year			-				-				-				(314,549	)			(610	)			(315,159	)
Foreign currency translation gain			-				-				(11,223	)			-				-				(11,223	)
Balance at June 30, 2022			30,273				(1,140	)			22,232				(505,600	)			(610	)			(454,845	)
Balance at January 1, 2023 (audited)			30,273				(1,140	)			9,851				(472,503	)			(1,824	)			(435,343	)
Income (loss)for the period			-				-				-				(76,750	)			34,261				(42,489	)
Foreign currency translation loss			-				-				(7,269	)			-				-				(7,269	)
Balance at June 30, 2023			30,273				(1,140	)			2,582				(549,253	)			32,437				(485,101	)

 

The accompanying notes are an integral part of the financial statements.

 

4

 

 

HUAHUI EDUCATION GROUP LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In U.S. Dollars)

 

		For the six months ended
		June 30, 2023				June 30, 2022
Cash flows from operating activities:
Net loss			(42,489	)			(315,159	)
Adjustments for:
Depreciation expense			4,042				11,334
Changes in:
Accounts receivable			(4,173	)			(50,167	)
Other receivables			67,156				(65,692	)
Prepaid expenses and other current assets			(2,098	)			38
Other payables and accruals			128,147				104,758
Deferred revenue			(102,552	)			67,980
Net cash provided from (used in) operating activities			48,033				(246,908	)
Cash flows from investing activities:
Net cash used in investing activities			-				-
Cash flows from financing activities:
Proceeds from advances from related parties			232,304				185,119
Repayment of advances to related parties			(328,332	)			5,111
Proceeds from short-term borrowings			2,757				-
Net cash provided by (used in)financing activities			(93,271	)			190,230
Effect of exchange rate changes on cash and cash equivalents			(1,942	)			(7,560	)
Net (decrease) in cash and cash equivalents			(47,181	)			(64,238	)
Cash and cash equivalents at the beginning of period			84,487				184,596
Cash and cash equivalents at the end of period			37,306				120,356
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations			467,046				651,279

 

The accompanying notes are an integral part of the financial statements.

 

5

 

 

HUAHUI EDUCATION GROUP LIMITED

 

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

 

1. DESCRIPTION OF BUSINESS

 

HUAHUI EDUCATION GROUP LIMITED, formerly DUONAS CORP. (“HHEG Nevada” or “the Nevada Company”) was incorporated in the State of Nevada on September 19, 2014 to start business operations concerned with production of decorative items made from concrete.Through October 22, 2017, the Nevada Company’s primary business activity was the production of decorative items made from concrete

 

A change of control took place on November 2, 2017 upon the sale of 2,000,000 shares of Nevada Company common stock by Vladyslav Beinars to various investors. In connection with the transaction, Vladyslav Beinars released the Nevada Company from all debts owed. Subsequently, the Nevada Company’s operations were restructured by the new investor group. As such, at December 31, 2018, the Nevada Company accounted for the related assets, liabilities and results of operations up to October 22, 2017 as a discontinued operation.

 

On February 22, 2019, the Nevada Company completed the process of redomiciling to the Cayman Islands. The Board of Directors established a wholly owned subsidiary in the Cayman Islands named HUAHUI EDUCATION GROUP LIMITED (“HHEG Cayman” or the “Company”), and merged the Nevada Company into HHEG Cayman, with HHEG Cayman as the surviving company. There was no change in the number of outstanding shares of Common Stock of the Nevada Company and each share of such Common Stock was converted into one ordinary share of HHEG Cayman.

 

On July 2, 2019, the Company’s Board of Directors unanimously approved changing the Company’s accounting fiscal year end from June 30 to December 31.

 

On July 3, 2019, HHEG Cayman closed on a share exchange (the “Share Exchange”) with HUAHUI GROUP STOCK LTD (“HGSL”), a Seychelles company limited by shares, and HUAHUI GROUP (HK) CO., LTD (“HGHK”), a company with limited liability formed under the laws of Hong Kong and a wholly owned subsidiary of HGSL. As a result, HGHK is now a wholly owned subsidiary of the Company. Under the Share Exchange Agreement , the Company issued a total of 300,000,000 of its ordinary shares to the HGSL shareholders in exchange for 100% of the Common Stock of HGSL. After the closing, the HGSL shareholders owned approximately 99.1% of the Company’s outstanding shares and the former shareholders of the Company owned approximately 0.9%. Mr. Zihua Wu, the former sole officer and director of the Company, resigned from all positions with the Company immediately before the closing of the Share Exchange and Mr. Junze Zhang was appointed as the Company’s President, Chief Executive Officer, Chief Financial Officer and Secretary, as well as a director and Mr. Zhongpeng Chen was appointed a director of the Company. As a result of the Share Exchange, HGSL became a wholly owned subsidiary of the Company and ZHONGDEHUI (SZ) DEVELOPMENT CO., LTD (“ZDSE”), HGSL’s indirect, wholly-owned subsidiary, became the Company’s sole operational business. Consequently, the Company believes that the Share Exchange caused the Company to cease to be a shell company.

 

ZDSE was incorporated as a limited company in the Peoples’ Republic of China (the “PRC”) on January 19, 2016. ZDSE is a professional management coaching organization engaged in researching, developing and applying methods for helping individuals to improve their personal and professional leadership skills and effectiveness. ZDSE’s clients include executive managers from large scale, small and medium-sized enterprises, as well as professionals and employees in various fields.

 

Zhongdehui (Shenyang) Education Consulting Co., Limited (“SYZDH”) was established on December 29, 2020 and Zhongdehui (Guangzhou) Education Consulting Co., Limited (“GZZDH”) was established on December 28, 2020. SYZDH has taken over the business of ZDSE’s Shenyang branch and GZZDH has taken over the business of ZDSE’s Guangzhou branch. On February 26, 2021, ZDSE’s Shenzhen Branch established a wholly-owned subsidiary, Shenzhen Zhengxinhui Education Technology Co., Limited, which was sold to an unrelated third

 

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party on June 28, 2021. Zhongdehui (JiNan) Education Consulting Co., Limited (“JNZDH”) was established as of April 14, 2022, engaged in researching, developing and applying methods for helping individuals to improve their personal and professional leadership skills and effectiveness. ZDSE’s clients include executive managers from large scale, small and medium-sized enterprises, as well as professionals and employees in various fields Shenzhen Huahui Media Technology Co., Ltd. (“HHMT”) was established in August 25,2020. HHMT’s business includes cultural exchange event planning; conference planning; corporate image planning; marketing planning; exhibition planning; stage lighting, audio equipment, display equipment, and technology development and sales, leasing, and door-to-door integration of multimedia teaching systems installation, and on-site maintenance. HHMT has one wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”), which was formed on June 4, 2021 under the laws of the PRC. SJMC’s principal business is essentially the same as that of HHMT, including cultural exchange event planning; conference planning; corporate image planning; marketing planning; exhibition planning; stage lighting, audio equipment, display equipment, and technology development and sales, leasing, and door-to-door integration of multimedia teaching systems installation, and on-site maintenance. In addition, Huahui (Shenzhen) Education Management Co., Limited (“HEMC”), which was established on March 28, 2017 and previously conducted only minor operations providing administrative services for the Company, commenced providing consulting services on November 1, 2020.

 

Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”) was incorporated in the PRC on July 8, 2020 as a wholly owned subsidiary of HSEC. JEMT started operation in June 2022, holding training courses for individuals and enterprises to improve their professional and management skills

 

Shandong Yuli Big Data Technology Co., Limited (“SDYL”) was incorporated in the PRC on December 14, 2021, and is an 80% owned subsidiary of HSEC. Twenty percent of SDYL’s shares are owned by SYDL’s Legal Representative, Xinwen Yang. SDYL’s business model of “HR Technology + Platform + Service” utilizes human resources (“HR”) technology to build a HR platform that will provide payroll, personnel recruitment, labor dispatch, flexible employment, fiscal and tax planning and legal HR consultation through a mobile app and SDYL’s website. SDYL started operation in May 2022.

 

As of June 30, 2023, the Company’s subsidiaries are as follows:

 

Entity		Date of incorporation		Date of acquisition		Place of incorporation		Percentage of legal ownership by the Company		Principal activities
Huahui Group Stock Limited (“HGSL”)		May 17, 2017		N/A		Seychelles		100	%	Holding company
Huahui Group Co., Limited (“HGCL”)		May 29, 2017		N/A		Seychelles		100	%	Holding company
Huahui Group (HK) Co., Limited (“HGHK”)		January 4, 2017		April 20, 2018		Hong Kong		100	%	Holding company
Huahui (Shenzhen) Education Management Co., Limited (“HEMC”)		March 28, 2017		April 20, 2018		PRC		100	%	Holding company
Shenzhen Huahui Shangxing Education Consulting Co., Limited (“HSEC”)		January 5, 2018		May 4, 2018		PRC		100	%	Holding company
Zhongdehui (Shenzhen) Education Development Co., Limited (“ZDSE”)		January19, 2016		June 27, 2018		PRC		100	%	Holding company
Huahui Technology (HK) Co., Limited (“HTHK”)		March 25, 2020		N/A		Hong Kong		100	%	Holding company
Huahui (Shenzhen) Education Technology Co., Ltd (“HETC”)		July 8, 2020		N/A		PRC		100	%	Holding company
Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”)		July 8, 2020		N/A		PRC		100	%	Holding company
Shenzhen Huahui Media Technology Co., Ltd.(“HHMT”)		August 25, 2020		N/A		PRC		100	%	Event planning and production; business planning
Zhongdehui (Guangzhou) Education Consulting Co., Limited (“GZZDH”)		December 28, 2020		N/A		PRC		100	%	Educational services
Zhongdehui (Shenyang) Education Consulting Co., Limited (“SYZDH”)		December 29, 2020		N/A		PRC		100	%	Educational services
Shenzhen Jiarui Media Co., Limited(SJMC)		June 4, 2021		N/A		PRC		100	%	Conference and exhibition planning
Shangdong Yuli Big Data Technology Co., Limited (SDYL)		December 14, 2021		N/A		PRC		80	%	Investment holding
Zhongdehui (JiNan) Education Consulting Co., Limited (“JNZDH”)		April 14, 2022		N/A		PRC		100	%	Educational services

  

7

 

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

(a) Basis of Presentation

 

The accompanying financial statements include the balances and results of operations of the Company and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”).

 

(b) Going Concern

 

The Company incurred a net loss of $42,489 for the six months ended June 30, 2023. Net cash used in operating activities was $48,033 for the six months ended June 30, 2023. As of June 30, 2023, the Company had net current liabilities of $703,705 and a shareholders’ deficit of $485,101.

 

The ability to continue as a going concern is dependent upon the Company generating profits in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on the Company’s ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, if at all. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

The Company expects to finance operations primarily through cash flows from operations and capital contributions from its CEO. During the first six months of 2023, the CEO has provided $232,304 in financial support for the operations of the Company. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the CEO has indicated the intent and ability to provide additional equity financing.

 

8

 

 

(c) Basis of Consolidation

 

The consolidated financial statements include the financial statements of the Company and its subsidiaries. Subsidiaries are all entities over which the Company has control. Control exists when the Company has the power over the entity, exposure or rights to variable returns from involvement in the entity, and the ability to use power over the entity to affect returns through its power over the entity. In assessing control, potential voting rights that presently are exercisable are taken into account. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.

 

(d) Use of estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent liabilities at the balance sheet date and revenue and expenses in the financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s financial statements include the valuation allowance for deferred tax assets, economic lives and impairment of leasehold improvements and equipment, allowance for doubtful accounts, etc. Actual results could differ from those estimates and such differences could affect the results of operations reported in future periods.

 

(e) Business combinations

 

Business combinations are recorded using the acquisition method of accounting. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred .

 

(f) Cash and Cash Equivalents

 

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. All cash and cash equivalents relate to cash on hand and cash at a bank at June 30, 2023 and 2022.

 

The Renminbi is not freely convertible into foreign currencies. Under the PRC Foreign Exchange Control Regulations and Administration of Settlement, Sales and Payment of Foreign Exchange Regulations, the Company is permitted to exchange Renminbi for foreign currencies through banks that are authorized to conduct foreign exchange business.

 

(g) Leasehold Improvement and Equipment

 

An item of leasehold improvement and equipment is stated at cost less any accumulated depreciation and any accumulated allowance for decrease in value (if any).

 

The cost of leasehold improvements and equipment consists of its purchase price, import duties and non-refundable purchase taxes (after deducting trade discounts and rebates) and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the initial estimate of costs of dismantling and removing the item, and restoring the site on which it is located, the obligation for which an entity incurs either when the item is acquired or as a consequence of having used the item during a particular period.

 

9

 

 

The cost of replacing part of a leasehold improvement and equipment is included in the carrying amount of the asset when it is probable that future economic benefits will flow to the Company and the carrying amount of those replaced parts is derecognized. Repairs and maintenance are charged to the statement of income during the financial period in which they are incurred.

 

Depreciation is calculated on the straight-line basis to write off the cost of each asset to its residual value over the estimated useful life as follows:

 

Leasehold improvement	Shorter of the lease term or estimated useful life
Furniture and education equipment	5 years
Computer equipment and software	3-5 years

 

The assets’ residual value, useful lives and depreciation method are regularly reviewed.

 

(h) Impairment of long-lived assets

 

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Whenever there is an indication showing a permanent decrease in the amount of leasehold improvement and equipment, such as an evidence of obsolescence or physical damage of an asset or significant changes in the manner in which an asset is used or is expected to be used, the Company shall recognize loss on decrease in value of leasehold improvement and equipment in the statement of income where the carrying amount of the asset is higher than the recoverable amount. The Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the fair value of the assets. The Company did not record any impairment losses on long-lived assets during the six months ended June 30, 2023 and 2022.

 

(i) Value added tax (“VAT”)

 

Since May 1, 2016, all taxpayers, including ZDSE, are subject to value-added tax (“VAT”) instead of business tax. VAT small-scale taxpayers are subject to a VAT rate of 3%, with the exception of VAT small-scale taxpayers with monthly sales of less than RMB 100,000, which are exempt from VAT according to notice No. 13 (2019), effective as of January 1, 2019.

 

To support the novel coronavirus pneumonia prevention and control and accelerate the resumption of work, the VAT rate for small-scale taxpayers having monthly sales of in excess of RMB 100,000 was reduced from 3% to 1%, while VAT small-scale taxpayers with monthly sales of less than RMB 100,000 continue to be exempt from VAT. In order to further support the development of small and micro enterprises, the Ministry of Finance and the State Administration of Taxation announced on March 31, 2021 that any small-scale VAT taxpayer with monthly sales of less than RMB150,000 will be exempted from VAT from April 1, 2021 to December 31, 2022. Further, in accordance with The Announcement of Ministry of Finance and State Taxation Administration on Exemption of VAT for VAT Small-scale Taxpayer (No. 15, 2022), effective from April 1, 2022 to December 31 2022, VAT small-scale taxpayers, regardless of monthly sales, are exempt from VAT but are subject to a 3% tax rate for assessable income.

 

According to the Announcement No.1 of Taxation Bureau of Ministry of Finance in 2023, which specifies reduction and exemption of value-added tax (VAT) for small-scale VAT taxpayers, from Jan. 1st to Dec. 31st, 2023, the small-scale taxpayers with monthly sales of below RMB 100,000 are exempted from VAT; and for the small-scale taxpayers with monthly sales of above RMB 100,000, the VAT tax rate has been reduced from 3% to 1%.

 

Currently, of all the operating subsidiaries of the Company, with the exception of SDYL and HEMC, which are general taxpayers and subject to a VAT rate of 6%, are small-scale taxpayers and subject to a VAT tax rate of 1%(2022:3%). 

 

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(j) Income Recognition

 

Recognition of Revenue

 

Revenue is reported net of business taxes and VAT. The Company’s educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected.

The primary sources of our revenues are as follows:

 

(a)

Coaching course service revenue

 

Revenue is reported net of business taxes and VAT. The educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. The Company had $194,357 and $178,976 of deferred revenue as of June 30, 2023 and 2022, respectively, which will be recognized as revenue within the next 6 months. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected.

 

(b)

Conference and exhibition planning service revenue was derived from HHMT which was established on August 25, 2020. HHMT has one wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”). Conference and exhibition planning service revenue for the six months ended June 30,2023 and 2022 was $288,285 and $96,686, or 45% and 43% of total revenues, respectively. . As of June 30, 2023, the revenue from conference and exhibition planning services accounted for 43% of

 

Revenue is generated through the delivery of services . Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount:

 

	(i)	identification of the services in the contract;
	(ii)	determination of whether the services are performance obligations, including whether they are distinct in the context of the contract;
	(iii)	measurement of the transaction price, including the constraint on variable consideration;
	(iv)	allocation of the transaction price to the performance obligations; and
	(v)	recognition of revenue when (or as) the Company satisfies each performance obligation.

 

The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms.

 

For all reporting periods, the Company has not disclosed the value of unsatisfied performance obligations for all service revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.

 

(c)

Consulting service income is recognized when the services are rendered. The consulting service fee revenue in the first half of 2023 was $1,499, accounting for only 0.22% of the total revenue. The consulting service fee revenue in the first half of 2022 was $18,248, accounting for only 4% of the total revenue.

 

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(d)

Human resources outsourcing service income is recognized when the services are rendered, SDYL commenced business operations in May 2022.The revenue from human resource outsourcing service fees in the first half of 2023 was $197,913, accounting for 29% of the total revenue. The revenue from human resource outsourcing service fees in the first half of 2022 was $24.63, accounting for 0.006% of the total revenue.

 

Other Income and other expenses

 

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

 

(k) Operating leases

 

The Company determines if an arrangement contains a lease at inception. The Company elected the practical expedient, for all asset classes, to account for each lease component of a contract and its associated non-lease components as a single lease component, rather than allocating a standalone value to each component of a lease. For purposes of calculating operating lease obligations under the standard, the Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company’s leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. The discount rate used to measure a lease obligation is usually the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments.

 

(l) Earnings Per Share

 

The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the reporting period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retrospectively for all periods presented to reflect that change in capital structure.

 

The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. The Company had no potentially dilutive ordinary shares as of June 30, 2022 and 2023.

 

12

 

 

(m) Foreign Currency Translation

 

The Company’s reporting currency is the U.S. dollar and the functional currency is the Chinese Renminbi (“RMB”). All assets and liabilities are translated at exchange rates at the balance sheet date, revenue and expenses are translated at the average yearly exchange rates and equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of equity.

 

Transactions in currencies other than the functional currencies during the year are converted into the applicable functional currencies at the applicable rates of exchange prevailing at the dates of the transactions. Exchange gains and losses are recognized in the statements of operations.

 

The exchange rates utilized as follows:

 

		H1 2023				H12022
Year-end RMB exchange rate			7.2536				6.6994
Average annual RMB exchange rate			6.9213				6.5108

 

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

 

(n) Foreign Currency Risk

 

The RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of the RMB into other currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. 100% of the Company’s cash and cash equivalents are in RMB as of June 30, 2023 and 2022, respectively.

 

(o) Fair Value

 

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when valuing the asset or liability. Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

 

Level 1

 

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2

 

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

13

 

 

Level 3

 

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

(p) Fair Value of financial instruments

 

The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable. The carrying amounts of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable approximate their fair values due to the short-term maturities of these instruments.

 

(q) Income Taxes

 

Income tax expense consists of current and deferred taxation and is recognized in profit or loss except to the extent that it relates to items recognized directly in other comprehensive income or equity, in which case it is recognized directly in other comprehensive income or equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable with respect to previous periods.

 

The Company accounts for income taxes using the asset and liability approach. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax basis of assets and liabilities, net of operating loss carry forwards and credits, by applying enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in the statements of operations in the period of change.

 

The Company accounts for uncertain tax positions by reporting a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Tax benefits are recognized from uncertain tax positions when the Company believes that it is more likely than not that the tax position will be sustained on examination by the tax authorities based on the technical merits of the position. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expenses. The Company did not record uncertain tax positions as of June 30, 2023 and December 31, 2022 as the amounts were immaterial.

 

(r) Comprehensive income

 

Comprehensive income includes net income and foreign currency translation adjustments. Comprehensive income is reported in the statements of comprehensive income.

 

(s) Concentration of credit risk

 

Financial instruments that potentially expose the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, accounts receivables and other receivables.

 

As of June 30, 2023, substantially all of the Company’s cash and cash equivalents were deposited with financial institutions with high-credit ratings and quality.

 

Accounts Receivable represent tuition fees of ZDH and the planning service fees of HHMT and SJMC due from customers that typically are collected within a short period of time. Other receivables mainly represent short-term loans to other companies with interest charged, rental and utilities deposit. Management believes it has no significant risk related to its concentration within its accounts receivable.

 

The Company did not have any customers that accounted for 10% or more of the Company’s net revenues for the six months ended June 30, 2023 or 2022.

 

14

 

 

(t) Impact of Covid-19

 

For the last three years, the outbreak of Covid-19 pandemic continued in China. Although the epidemic prevention policy of China was open since the end of December in 2022, China’s economy has not completely recovered and in the first half of 2023, the Company’s revenue increased by only 8% compared with the first half of 2022.

 

(u) Share Capital

 

Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity.

 

(v) Recent accounting pronouncements

 

Recently issued accounting pronouncements not yet adopted

 

In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Statements. This ASU requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. This Accounting Standards Update affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual rights to receive cash. For public business entities, the amendments in this Update are effective for fiscal years beginning after January 1, 2023, including interim periods within those fiscal years. All entities may adopt the amendments in this Accounting Standards Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). The Company is in the process of evaluating the impact of the adoption of this pronouncement on its consolidated financial statements.

 

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s financial statements.

 

3. LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET

 

		June 30, 2023				December 31,2022
Furniture and education equipment		$	21,828			$	22,917
Computer equipment and software			65,005				68,248
Leasehold improvements			69,662				73,135
		$	156,495			$	164,300
Less: accumulated depreciation			(144,758	)			(147,929	)
		$	11,737			$	16,371

 

Depreciation expense for the six months ended June 30, 2023 and 2022 was $4,042 and $11,334, respectively. The Company did not record any long-lived asset impairment losses during the six months ended June 30, 2023 and the year ended December 31, 2022.

 

4. ACCOUNTS RECEIVABLE

 

The accounts receivable and allowance balances at June 30, 2023 and December 31, 2022 are as follows:

 

		June 30, 2023				December 31, 2022
Accounts receivable		$	441,077			$	458,896
Less: allowance for doubtful accounts			-				-
Accounts receivable, net		$	441,077			$	458,896

 

No allowance for doubtful accounts was made during the six months ended June 30, 2023 and the year ended December 31, 2022.

 

5. OTHER RECEIVABLES

 

Other receivables mainly consist of a short-term loan to a third party, Dongguan Anxiang Technology Co., Ltd. and rental and utilities deposits paid for the Guangzhou and Liaoning office which are fully refundable.

 

15

 

 

6. ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS

 

		June 30, 2023				December 31, 2022
Accounts payable (a)		$	149,805			$	136,302
Accrued payroll and welfare payable			74,368				85,229
VAT and other taxes payable			26,837				14,067
Others (b)			221,532				132,138
		$	472,542			$	367,736

 

	(a)	Accounts payable primarily include supplier’s service charges to SDYL,HHMT and SJMC .
	(b)	Others primarily includes office rental and property management fees payable by ZDH’s subsidiaries.

 

 

7. SHORT-TERM BANK BORROWINGS

 

On January 10, 2023, we borrowed $2,757 from China Construction Bank with a loan term of one year and an annualized interest rate of 4%. The loan is unsecured. 

 

8. INCOME TAXES

 

Cayman Islands

 

Under the current laws of the Cayman Islands, the Company is not subject to income, corporate or capital gains tax, and the Cayman Islands currently have no form of estate duty, inheritance tax or gift tax. In addition, payments of dividends and capital in respect of its shares are not subject to taxation and no withholding will be required in the Cayman Islands on the payment of any dividend or capital to any holder of its shares, nor will gains derived from the disposal of its shares be subject to Cayman Islands income or corporation tax. No provision for income taxes in the Cayman Islands has been made as the Company had no taxable income for the six months ended June 30, 2023 and 2022.

 

Seychelles

 

HGSL and HGCL are tax-exempted companies incorporated in Seychelles. Under the current laws of Seychelles, the Company and HGCL are not subject to income, corporate or capital gains tax, and Seychelles currently have no form of estate duty, inheritance tax or gift tax. In addition, payments of dividends and capital in respect of their shares are not subject to taxation and no withholding will be required in the Seychelles on the payment of any dividend or capital to any holder of their shares, nor will gains derived from the disposal of their shares be subject to Seychelles income or corporation tax. No provision for income taxes in Seychelles has been made as the Company and HGCL had no taxable income for the six months ended June 30, 2023 and 2022.

 

16

 

 

Hong Kong

 

HGHK is incorporated in Hong Kong and is subject to an income tax rate of 16.5% for taxable income generated from operations in Hong Kong. No provision for income taxes in Hong Kong has been made as HGHK had no taxable income for the six months ended June 30, 2023 and 2022.

 

PRC

 

The Company’s PRC subsidiaries are subject to a 25% standard enterprise income tax except for those deemed as profit method enterprises or qualified for small-scale enterprises, or granted preferential tax treatment.

 

ZDSE, HHMT and SJMC enjoyed a preferential tax rate of 5% for the six months ended June 30, 2023 and 2.5% for the year ended December 31, 2022.

 

No provision for income taxes has been made for our other subsidiaries in the PRC.

 

Income tax expense (benefit)

 

		For the six months ended June 30,
		2023				2022
Current tax expense		$	15,470			$	1,370
Deferred tax expense			-				-
		$	15,470			$	1,370

 

Income taxes of ZDSE, HHMT, SJMC and JEMT are accrued at the tax rate of 5%. The deferred income tax assets of ZDSE are calculated according to the preferential tax rate of 5% for the six months ended June 30, 2023.

 

		For the six months ended June 30,
		2023				2022
Loss before tax		$	(27,019	)		$	(313,789	)
Tax (credit) calculated at statutory tax rate (25%)			(6,754	)			(78,447	)
Valuation allowance			22,224				79,817
		$	15,470			$	1,370

 

The Company’s other subsidiaries have not recognized deferred income tax assets as of June 30, 2023 and December 31, 2022.

 

9. LEASES

 

The adoption of the new lease guidance did not have a material impact on the Company’s results of operations or liquidity but resulted in the recognition of operating lease liabilities and operating lease right-of-use assets on its balance sheets. Right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.

 

The Company leases various training centers in the PRC. Rent expense for the six months ended June 30, 2023 was $154,322. The Company has three operating leases with lease terms of more than one year, which are classified as operating leases. The longest lease term expires in November 2027. There are no residual value guarantees and no restrictions or covenants imposed by the lease. The Company has $431,428 of right-of-use assets, $206,867 in current operating lease liabilities and $224,561 in non-current operating lease liabilities as of June 30, 2023.

 

17

 

 

Significant assumptions and judgments made as part of the adoption of this new lease standard include determining: (i) whether a contract contains a lease, (ii) whether a contract involves an identified asset, and (iii) which party to the contract directs the use of the asset. The discount rates used to calculate the present value of lease payments were determined based on hypothetical borrowing rates available to the Company over terms similar to the lease terms.

 

The Company’s future minimum payments under long-term non-cancelable operating leases are as follows:

 

		As of June 30, 2023				As of December 31, 2022
Within 1 year			222,921				235,961
After 1 year but within 5 years			231,227				343,465
Total lease payments			454,148				579,426
Less: imputed interest			(22,720	)			(33,681	)
Total lease obligations			431,428				545,745
Less: current obligations			(206,867	)			(214,758	)
Long-term lease obligations			224,561				330,987

 

Other information:

 

		For the six months ended
		June 30, 2023				June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease			58,965				113,152
Right-of-use assets obtained in exchange for operating lease liabilities			467,046				651,279
Remaining lease term for operating leases (years)			1.75 to 4.42				2.75 to 3.25
Weighted average discounted rate for operating leases			4.75	%			4.75	%

 

10. RELATED PARTY TRANSACTIONS

 

(a) The Company had the following balances due to related parties:

 

		Relationship		June 30, 2023				December 31, 2022
Junze Zhang		Shareholder and director of the Company		$	916,865			$	698,624
Xinwen Yang		Director of the SDYL			-				-
Qing Zuo		Chairman of the Board of ZDSE since December 20, 2018			6,054				6,356
Total				$	922,919			$	704,980

 

The balances represent cash advances from related parties.

 

The balances with related parties are unsecured, non-interest bearing and repayable on demand.

 

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(b)	Transactions

 

		For the six months ended June 30,
		2023				2022
Cash advance from related parties
Qing Zuo		$	-			$	-
Junze Zhang			232,304				180,151
Xinwen Yang			-				4,968
		$	232,304			$	185,119

 

(c)	The Company had the following balances due to and due from related parties:

 

At June 30, 2023 and June 30, 2022, the Company lent funds to the following related parties. These loans were unsecured, non-interest bearing and repayable on demand.

 

		For the six months ended June 30,
		2023				2022
Songlin Zhu(1)		$	109,218			$	-
Zheng Pei(2)			39,204				-
Xinwen Yang(3)			164,867				-
		$	313,289			$	-

 

	(1)	Songlin Zhu is the Legal Representative of HMTC. He borrowed the funds from HMTC in order to pay suppliers and service providers on HMTC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to HMTC acknowledging the payment made by Zhu on behalf of HMTC.
	(2)	Zheng Pei is the Legal Representative of SJMC. He borrowed the funds from SJMC in order to pay suppliers and service providers on SJMC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SJMC acknowledging the payment made by Pei on behalf of SJMC.
	(3)	Xinwen Yang is the Legal Representative of SDYL. He borrowed the funds from SDYL in order to pay suppliers and service providers on SDYL’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SDYL acknowledging the payment made by Yang on behalf of SDYL. As of the date of this report, all invoices have been received by SDYL and the personal loans have been canceled.

 

11. RESERVES

 

(a)	Legal reserve

 

Pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable as cash dividends. During the six months ended June 30, 2023 and 2022, the Company did not accrue any legal reserve.

 

(b)	Currency translation reserve

 

The currency translation reserve represents translation differences arising from translation of foreign currency financial statements into the Company’s reporting currency.

 

19

 

Exhibit 99.2

 

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

 

The following discussion and analysis of the consolidated results of operations of Huahui Education Group Limited .and its subsidiaries (the “Company”) for the six months ended June 30, 2023 and 2022 and the consolidated financial condition as of June 30, 2023 should be read in conjunction with the Company’s consolidated financial statements and the notes to those financial statements that are included in this Report. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could” and similar expressions to identify forward-looking statements. For purposes of the following discussion and analysis, references to ‘‘we,’’ ‘‘our’’ and ‘‘us’’ refers to the Company or ZDSE, as appropriate.

 

OVERVIEW

 

We are a holding company incorporated in the Cayman Islands with no material operations of our own. As a holding company, we conduct operations in China through our operating subsidiaries, Zhongdehui (Shenzhen) Education Development Co., Limited (“ZDSE”), Shenzhen Huahui Media Technology Co., Limited (“HHMT”) and Huahui (Shenzhen) Education Management Co., Limited (“HEMC”), all of which are incorporated in the PRC. Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”) was incorporated in the PRC on July 8, 2020 as a wholly owned subsidiary of HSEC. JEMT started operations in June 2022, holding training courses for individuals and enterprises to improve their professional and management skills.Shandong Yuli Big Data Technology Co., Limited (“SDYL”) was incorporated in the PRC on December 14, 2021, and is an 80% owned subsidiary of HSEC; 20% of SDYL’s shares are owned by the corporate representative Xinwen Yang. SDYL’s business model of “HR Technology + Platform + Service” utilizes HR technology to build an HR platform that will provide payroll, personnel recruitment, labor dispatch, flexible employment, fiscal and tax planning and legal HR consultation through a mobile app and SDYL’s website. SDYL started operations in May 2022. ZDSE, HHMT, HEMC, JMET and SYDL are our “Operating Subsidiaries.”

 

ZDSE, the Company’s primary operating subsidiary, is engaged in the business of professional management coaching, including researching, developing and applying methods for helping individuals to improve their personal and professional leadership skills and effectiveness. ZDSE’s clients consist of executive managers from large scale, small and medium-sized enterprises, as well as professionals and employees in various fields.

 

ZDSE has developed “The Way of Management” program with ten modules and additional modules will be developed in the future. The current ten modules comprise the experiential course, of which 60% is comprised of scenario exercises, 20% of group interactions and 20% of specified topics. ZDSE also monitors the performance and the changes and development of clients in their workplaces. ZDSE’s coaches provide guidance and support to the Company’s clients both during completion of the modules and during the provision of post-completion services.

 

Financial Highlights for the Six Months Ended June 30, 2023

 

●	Net revenues increased by 64% to $264,838 compared with $412,653 for the first half of fiscal year 2022.
●	Operating loss was $28,604 compared with an operating loss of $306,388 in the same period of 2022.
●	Net loss was $42,489 compared with a net loss of $315,159 in the same period of 2022.
●	Cash used in operating activities was $48,033, compared with $246,908 used in operating activities in the same period of 2022.
●	Number of trainees increased by 8% to 219 compared with 202 in the first half of fiscal year 2022.

 

Going Concern

 

The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

 

The Company incurred a net loss of $42,489 for the six months ended June 30, 2023. Net cash used in operating activities was $48,033 for the six months ended June 30, 2023. As of June 30, 2023, the Company had net current liabilities of $703,705 and a shareholders’ deficit of $485,101.

 

The ability to continue as a going concern is dependent upon the Company generating profits in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

 

 

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on the Company’s ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, if at all. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

The Company expects to finance operations primarily through cash flows from revenues and capital contributions from its CEO. During 2023, the CEO has provided $232,304 in financial support for the operations of the Company. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the CEO has indicated the intent and ability to provide additional equity financing.

 

Impact from COVID-19

 

Since the beginning of Jan. 2020, the outbreak of Covid-19 pandemic has impacted many countries and regions. During the pandemic period, China’s economy suffered from closures.. Although China’s pandemic prevention policy was open  in January 2023, and all of HHEG’s subsidiaries have restored normal operation, HHEG’s revenues were severely impacted in the first half of 2023, due to the effects of the Covid-19 pandemic.

 

Explanation of Key Income Statement Items

 

Revenues

 

Revenue is reported net of business taxes and VAT.

 

The primary sources of our revenues are as follows:

 

(a)

Coach course service revenue

 

The Company’s educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected. The educational services consist of training programs and The Company had $194,357 and $178,976 of deferred revenue as of June 30, 2023 and 2022, respectively, which will be recognized as revenue within the next six months..

 

(b)

Conference and exhibition planning service revenue was derived from HHMT and its wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”). Conference and exhibition planning service revenue as of June 30, 2023 and 2022 was $288,285 and $96,686, respectively. For the six month ended June 30, 2023, the revenue from conference and exhibition planning services was $288,285, accounting for 43% of our total revenue. For the six month ended June 30, 2022, the revenue from exhibition planning and conference services was $96,686, accounting for 23% of the total revenue.

 

Revenue is generated through the delivery of services. Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount:

 

(i)

identification of the services in the contract;

 

 

 

	(ii)	determination of whether the services are performance obligations, including whether they are distinct in the context of the contract;
	(iii)	measurement of the transaction price, including the constraint on variable consideration;
	(iv)	allocation of the transaction price to the performance obligations; and
	(v)	recognition of revenue when (or as) the Company satisfies each performance obligation.

 

The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms.

 

For all reporting periods, the Company has not disclosed the value of unsatisfied performance obligations for all service revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.

 

(c)	Consulting service income is recognized when the services rendered.The consulting service fee revenue in the first half of 2023 was $1,499, accounting for only 0.22% of the total revenue. The consulting service fee revenue in the first half of 2022 was $18,248, accounting for only 4% of the total revenue.
(d)	Human resources outsourcing service income is recognized when the services rendered.The revenue from human resource outsourcing service fees in the first half of 2023 was $197,913, accounting for 29% of the total revenue. The revenue from human resource outsourcing service fees in the first half of 2022 was $24.63, accounting for 0.006% of the total revenue.

 

Other income and other expenses

 

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

 

Costs and Operating Expenses

 

Cost of revenue mainly includes salaries of employees participating in ZDSE training, consulting services fees, travel expenses paid to trainers, rental fees for the HHMT equipment and other expenses.

 

Our selling and marketing expenses consist primarily of salaries paid to sales staff, travel expenses and other expenses Our general and administrative expenses consist primarily of salaries and related costs, allocated overhead costs, office supplies and administrative costs, bad debts, fees and expenses of our directors, depreciation, and professional service fees, including legal, insurance , audit fees, and Rental expenses.

 

Our revenues and income (loss) may fluctuate substantially from quarter to quarter, and we believe that comparisons over longer periods of time may be more meaningful. The nature of certain of our expenses is mainly fixed or partially fixed and any fluctuation in revenues will generate a significant variation in gross profit and net income (loss).

 

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

 

We prepare our financial statements in conformity with U.S. GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our consolidated financial statements. Actual results could differ from those estimates made by management.

 

 

 

Our significant accounting policies are described in note 2 to our consolidated financial statements.

 

RESULTS OF OPERATIONS - HUAHUI EDUCATION GROUP LIMITED

 

The following discussion should be read in conjunction with the consolidated financial statements of Huahui Education Group Limited included in this Report.

 

Financial and Operating Data

 

(In US$, except number of trainees and percentages)

 

		For the six months ended June 30,
		2023				2022				Pct. Change
Revenue			677,491				412,653				64	%
Operating (loss)			(28,604	)			(306,388	)			90	%
Net (loss)			(42,489	)			(315,159	)			86	%
Number of trainees			219				202				8	%

 

For the Six Months Ended June 30, 2023 Compared to the Six Months Ended June 30, 2022

 

Revenue

 

Net revenue for the six months ended June 30, 2023 was $677,491 compared to $412,653 for the six months ended June 30, 2022, a increase of $264,838 or 64%.The significant increase was in HMTC exhibition planning service revenue, which increased by $191,599 compared to the first half of 2022, an increase of 198%. SDYL started operating in May 2022, so its revenue in the first half of 2022 was relatively small . In the first half of 2023, SDYL’s revenue from human resource outsourcing services was $197,913, accounting for 29% of the total revenue.

 

Cost of Revenue

 

Cost of revenue for the six months ended June 30, 2023 was $114,456 compared to $129,472 for the six months ended June 30, 2022, a decrease of $15,016, or 11%.

 

Our cost of revenues for the two periods were:

 

		For the six months ended June 30,
		2023								2022
		Amount (US$)				% of Total				Amount (US$)				% of Total
Depreciation and amortization			755				1	%			802				1	%
Salary and welfare		$	38,997				34	%		$	65,015				50	%
Travel and accommodations			7,944				7	%			6,272				5	%
Equipment rental fee			44,661				39	%			28,448				22	%
Consulting service fee			19,952				17	%			24,197				19	%
Other			2,147				2	%			4,738				3	%
Total		$	114,456				100	%		$	129,472				100	%

 

Operating Expenses

 

Selling and marketing expenses for the six months ended June 30, 2023 were $4,193 compared to $3,886  for the same period of 2022, an increase of $307 or 7%.

 

 

 

General and administrative expenses for the six months ended June 30, 2023 were $587,446 compared to $585,683 for the same period of 2022, an increase of $1,763, or 0.3%. The decrease in general and administrative expenses is primarily due to decreases in rental expenses and others. The following table sets forth the main components of our general and administrative expenses for the six-month periods ended June 30, 2023 and 2022:

 

		For the six months ended June 30,
		2023								2022
		Amount (US$)				% of Total				Amount (US$)				% of Total
General and administrative expense:
Salary and welfare		$	324,988				55	%		$	264,985				45	%
Depreciation and amortization			3,287				1	%			10,531				2	%
Travel and accommodations			24,067				4	%			6,222				1	%
Rental expenses			151,777				25	%			225,515				39	%
Office expenses			20,743				4	%			29,937				5	%
Legal and professional fees			24,867				4	%			31,329				5	%
Audit fee			14,500				3	%			10,000				2	%
Other			23,217				4	%			7,164				1	%
Total general and administrative expenses		$	587,446				100	%		$	585,683				100	%

 

Operating Loss

 

Operating loss for the first half of 2023 was $28,604 compared to a loss from operations of $306,388 in the first half of 2022.

 

Net Loss

 

Net loss for the six months ended June 30, 2023 was $27,019 compared with a net loss of $315,159 for the same period of 2022.

 

Impact of Inflation and Currency Fluctuations

 

Impact of Inflation

 

Our business has not been impacted by currency fluctuations.

 

Impact of Foreign Currency Fluctuations

 

In the six months ended June 30, 2023 the value of the RMB depreciated in relation to the U.S. dollar by approximately 5%. The continuous fluctuation of the exchange rates between the U.S. dollar and the RMB has no direct impact on the Company’s revenue.

 

We will continue to monitor exposure to currency fluctuations. We have not engaged in any currency hedging activities in order to reduce our exposure to currency fluctuations.

 

Liquidity and Capital Resources

 

Since our inception, our financing requirements have been met through cash advanced from our shareholders, who have lent the Company an aggregate of $922,919 as of June 30, 2023. During the six months ended June 30, 2029, our CEO provided $232,304 in financial support for the operations of the Company.

 

As of June 30, 2023, we had cash and cash equivalents of $37,306 compared to $84,487 as of December 31, 2022. We believe that our working capital is sufficient for our requirements over the next 12 months.

 

 

 

Cash Flows

 

The following table summarizes our cash flows for the periods presented

 

		For the six months ended June 30,
		2023				2022
		(US$)				(US$)
Net cash provided by (used in) operating activities			48,033				(246,908	)
Net cash used in investing activities			-				-
Net cash used in financing activities			(93,138	)			190,230
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(2,075	)			(7,560	)
Net decrease in cash, cash equivalents and restricted cash			(47,181	)			(64,238	)
Cash, cash equivalents and restricted cash at beginning of the period			84,487				184,596
Cash, cash equivalents and restricted cash at end of the period...			37,306			$	120,356

 

Due to our improved operating results, during the six months ended June 30, 2023, $48,033 was used in operating activities compared to $246,908 used in operating activities during the six months ended June 30, 2022.

 

Nil was used in investing activities during the six months ended June 30, 2023 and 2022.

 

During the six months ended June 30, 2023, $93,138 was used in financing activities compared to $190,230 used in financing activities during the six months ended June 30, 2022. The net advances from related parties was $232,304 in the six months ended June 30, 2022 compared with $185,119 net repayments to related parties in the same period of 2022. As of June 30, 2023, we have borrowed $2,757 from China Construction Bank from January 10, 2023 to January 10, 2024, with a loan term of one year and an annualized interest rate of 4%. The loan is unsecured ..

 

The resulting change in cash for the six months ended June 30, 2023 was a decrease of $47,181. The cash and cash equivalents balance on January 1, 2022 was $84,487, and on June 30, 2023 it was $37,306.

 

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-213314
Entity Registrant Name	HUAHUI EDUCATION GROUP LIMITED
Entity Central Index Key	0001680935
Entity Address, Address Line One	13th Floor, Building B1, Wisdom Plaza,
Entity Address, Address Line Two	Qiaoxiang Road, Nanshan District
Entity Address, Address Line Three	Shenzhen
Entity Address, City or Town	Guangdong Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000

Condensed Interim Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 37,306	$ 84,487
Account receivable	441,077	458,896
Prepaid expenses and other current assets	3,007	1,055
Total current assets	1,095,737	927,787
Non-current assets:
Leasehold improvements and equipment, net	11,737	16,371
Operating lease right-of-use assets	431,428	545,745
Total non-current assets	443,165	562,116
Total assets	1,538,902	1,489,903
Current liabilities:
Deferred revenue	194,357	306,785
Accounts payable, other payables and accruals	472,542	367,736
Short-term bank borrowings	2,757
Current operating lease liabilities	206,867	214,758
Amount due to related parties	922,919	704,980
Total current liabilities	1,799,442	1,594,259
Non-current liabilities:
Non-current operating lease liabilities	224,561	330,987
Total non-current liabilities	224,561	330,987
Total liabilities	2,024,003	1,925,246
Shareholders’ equity (deficit)
Share capital ($0.0001 par value, 302,734,900 shares issued and outstanding for the six months ended June 30, 2023 and the year ended December 31, 2022)	30,273	30,273
Additional paid-in capital	(1,140)	(1,140)
Foreign currency translation reserve	2,582	9,851
Retained (loss)	(549,253)	(472,503)
Non-controlling interest	32,437	(1,824)
Total shareholders’ equity (deficit)	(485,101)	(435,343)
Total liabilities and equity	1,538,902	1,489,903
Nonrelated Party [Member]
Current assets:
Related party receivable	301,058	383,349
Related Party [Member]
Current assets:
Related party receivable	313,289
Current liabilities:
Amount due to related parties	$ 922,919	$ 704,980

Condensed Interim Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	302,734,900	302,734,900
Common stock, shares outstanding	302,734,900	302,734,900

Condensed Interim Consolidated Statements of Income (Loss) (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 677,491	$ 412,653
Cost of revenue	(114,456)	(129,472)
Gross profit	563,035	283,181
Selling and marketing expenses	(4,193)	(3,886)
General and administrative expenses	(587,446)	(585,683)
Operating loss	(28,604)	(306,388)
Other income (expenses), net	1,585	(7,401)
Loss before income taxes	(27,019)	(313,789)
Income tax (expenses)	(15,470)	(1,370)
Net loss	(42,489)	(315,159)
Foreign currency translation differences	(7,269)	(11,223)
Total comprehensive loss for the period	(49,758)	(326,382)
Owners of the Company	(76,750)	(314,549)
Non-controlling interest	$ 34,261	$ (610)
Basic loss per ordinary share	$ (0.00)	$ (0.00)
Diluted loss per ordinary share	$ (0.00)	$ (0.00)
Weighted average number of shares outstanding-Basic	302,734,900	302,734,900
Weighted average number of shares outstanding Diluted	302,734,900	302,734,900

Condensed Interim Consolidated Statements of Changes in Shareholders' Equity (Deficit) (Unaudited) - USD ($)	Share Capital [Member]	Capital Reserve [Member]	Foreign Currency Translation Reserve [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2021	$ 30,273	$ (1,140)	$ 33,455	$ (191,051)		$ (128,463)
Income (loss)for the period				(314,549)	(610)	(315,159)
Foreign currency translation loss			(11,223)			(11,223)
Balance at Jun. 30, 2022	30,273	(1,140)	22,232	(505,600)	(610)	(454,845)
Balance at Dec. 31, 2022	30,273	(1,140)	9,851	(472,503)	(1,824)	(435,343)
Income (loss)for the period				(76,750)	34,261	(42,489)
Foreign currency translation loss			(7,269)			(7,269)
Balance at Jun. 30, 2023	$ 30,273	$ (1,140)	$ 2,582	$ (549,253)	$ 32,437	$ (485,101)

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (42,489)	$ (315,159)
Adjustments for:
Depreciation expense	4,042	11,334
Changes in:
Accounts receivable	(4,173)	(50,167)
Other receivables	67,156	(65,692)
Prepaid expenses and other current assets	(2,098)	38
Other payables and accruals	128,147	104,758
Deferred revenue	(102,552)	67,980
Net cash provided from (used in) operating activities	48,033	(246,908)
Cash flows from investing activities:
Net cash used in investing activities
Cash flows from financing activities:
Proceeds from advances from related parties	232,304	185,119
Repayment of advances to related parties	(328,332)	5,111
Proceeds from short-term borrowings	2,757
Net cash provided by (used in)financing activities	(93,271)	190,230
Effect of exchange rate changes on cash and cash equivalents	(1,942)	(7,560)
Net (decrease) in cash and cash equivalents	(47,181)	(64,238)
Cash and cash equivalents at the beginning of period	84,487	184,596
Cash and cash equivalents at the end of period	37,306	120,356
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations	$ 467,046	$ 651,279

DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS   HUAHUI EDUCATION GROUP LIMITED, formerly DUONAS CORP. (“HHEG Nevada” or “the Nevada Company”) was incorporated in the State of Nevada on September 19, 2014 to start business operations concerned with production of decorative items made from concrete.Through October 22, 2017, the Nevada Company’s primary business activity was the production of decorative items made from concrete   A change of control took place on November 2, 2017 upon the sale of 2,000,000 shares of Nevada Company common stock by Vladyslav Beinars to various investors. In connection with the transaction, Vladyslav Beinars released the Nevada Company from all debts owed. Subsequently, the Nevada Company’s operations were restructured by the new investor group. As such, at December 31, 2018, the Nevada Company accounted for the related assets, liabilities and results of operations up to October 22, 2017 as a discontinued operation.   On February 22, 2019, the Nevada Company completed the process of redomiciling to the Cayman Islands. The Board of Directors established a wholly owned subsidiary in the Cayman Islands named HUAHUI EDUCATION GROUP LIMITED (“HHEG Cayman” or the “Company”), and merged the Nevada Company into HHEG Cayman, with HHEG Cayman as the surviving company. There was no change in the number of outstanding shares of Common Stock of the Nevada Company and each share of such Common Stock was converted into one ordinary share of HHEG Cayman.   On July 2, 2019, the Company’s Board of Directors unanimously approved changing the Company’s accounting fiscal year end from June 30 to December 31.   On July 3, 2019, HHEG Cayman closed on a share exchange (the “Share Exchange”) with HUAHUI GROUP STOCK LTD (“HGSL”), a Seychelles company limited by shares, and HUAHUI GROUP (HK) CO., LTD (“HGHK”), a company with limited liability formed under the laws of Hong Kong and a wholly owned subsidiary of HGSL. As a result, HGHK is now a wholly owned subsidiary of the Company. Under the Share Exchange Agreement , the Company issued a total of 300,000,000 of its ordinary shares to the HGSL shareholders in exchange for 100% of the Common Stock of HGSL. After the closing, the HGSL shareholders owned approximately 99.1% of the Company’s outstanding shares and the former shareholders of the Company owned approximately 0.9%. Mr. Zihua Wu, the former sole officer and director of the Company, resigned from all positions with the Company immediately before the closing of the Share Exchange and Mr. Junze Zhang was appointed as the Company’s President, Chief Executive Officer, Chief Financial Officer and Secretary, as well as a director and Mr. Zhongpeng Chen was appointed a director of the Company. As a result of the Share Exchange, HGSL became a wholly owned subsidiary of the Company and ZHONGDEHUI (SZ) DEVELOPMENT CO., LTD (“ZDSE”), HGSL’s indirect, wholly-owned subsidiary, became the Company’s sole operational business. Consequently, the Company believes that the Share Exchange caused the Company to cease to be a shell company.   ZDSE was incorporated as a limited company in the Peoples’ Republic of China (the “PRC”) on January 19, 2016. ZDSE is a professional management coaching organization engaged in researching, developing and applying methods for helping individuals to improve their personal and professional leadership skills and effectiveness. ZDSE’s clients include executive managers from large scale, small and medium-sized enterprises, as well as professionals and employees in various fields.   Zhongdehui (Shenyang) Education Consulting Co., Limited (“SYZDH”) was established on December 29, 2020 and Zhongdehui (Guangzhou) Education Consulting Co., Limited (“GZZDH”) was established on December 28, 2020. SYZDH has taken over the business of ZDSE’s Shenyang branch and GZZDH has taken over the business of ZDSE’s Guangzhou branch. On February 26, 2021, ZDSE’s Shenzhen Branch established a wholly-owned subsidiary, Shenzhen Zhengxinhui Education Technology Co., Limited, which was sold to an unrelated third     party on June 28, 2021. Zhongdehui (JiNan) Education Consulting Co., Limited (“JNZDH”) was established as of April 14, 2022, engaged in researching, developing and applying methods for helping individuals to improve their personal and professional leadership skills and effectiveness. ZDSE’s clients include executive managers from large scale, small and medium-sized enterprises, as well as professionals and employees in various fields Shenzhen Huahui Media Technology Co., Ltd. (“HHMT”) was established in August 25,2020. HHMT’s business includes cultural exchange event planning; conference planning; corporate image planning; marketing planning; exhibition planning; stage lighting, audio equipment, display equipment, and technology development and sales, leasing, and door-to-door integration of multimedia teaching systems installation, and on-site maintenance. HHMT has one wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”), which was formed on June 4, 2021 under the laws of the PRC. SJMC’s principal business is essentially the same as that of HHMT, including cultural exchange event planning; conference planning; corporate image planning; marketing planning; exhibition planning; stage lighting, audio equipment, display equipment, and technology development and sales, leasing, and door-to-door integration of multimedia teaching systems installation, and on-site maintenance. In addition, Huahui (Shenzhen) Education Management Co., Limited (“HEMC”), which was established on March 28, 2017 and previously conducted only minor operations providing administrative services for the Company, commenced providing consulting services on November 1, 2020.   Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”) was incorporated in the PRC on July 8, 2020 as a wholly owned subsidiary of HSEC. JEMT started operation in June 2022, holding training courses for individuals and enterprises to improve their professional and management skills   Shandong Yuli Big Data Technology Co., Limited (“SDYL”) was incorporated in the PRC on December 14, 2021, and is an 80% owned subsidiary of HSEC. Twenty percent of SDYL’s shares are owned by SYDL’s Legal Representative, Xinwen Yang. SDYL’s business model of “HR Technology + Platform + Service” utilizes human resources (“HR”) technology to build a HR platform that will provide payroll, personnel recruitment, labor dispatch, flexible employment, fiscal and tax planning and legal HR consultation through a mobile app and SDYL’s website. SDYL started operation in May 2022.   As of June 30, 2023, the Company’s subsidiaries are as follows:   Entity   Date of incorporation   Date of acquisition   Place of incorporation   Percentage of legal ownership by the Company   Principal activities Huahui Group Stock Limited (“HGSL”)   May 17, 2017   N/A   Seychelles   100 % Holding company Huahui Group Co., Limited (“HGCL”)   May 29, 2017   N/A   Seychelles   100 % Holding company Huahui Group (HK) Co., Limited (“HGHK”)   January 4, 2017   April 20, 2018   Hong Kong   100 % Holding company Huahui (Shenzhen) Education Management Co., Limited (“HEMC”)   March 28, 2017   April 20, 2018   PRC   100 % Holding company Shenzhen Huahui Shangxing Education Consulting Co., Limited (“HSEC”)   January 5, 2018   May 4, 2018   PRC   100 % Holding company Zhongdehui (Shenzhen) Education Development Co., Limited (“ZDSE”)   January19, 2016   June 27, 2018   PRC   100 % Holding company Huahui Technology (HK) Co., Limited (“HTHK”)   March 25, 2020   N/A   Hong Kong   100 % Holding company Huahui (Shenzhen) Education Technology Co., Ltd (“HETC”)   July 8, 2020   N/A   PRC   100 % Holding company Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”)   July 8, 2020   N/A   PRC   100 % Holding company Shenzhen Huahui Media Technology Co., Ltd.(“HHMT”)   August 25, 2020   N/A   PRC   100 % Event planning and production; business planning Zhongdehui (Guangzhou) Education Consulting Co., Limited (“GZZDH”)   December 28, 2020   N/A   PRC   100 % Educational services Zhongdehui (Shenyang) Education Consulting Co., Limited (“SYZDH”)   December 29, 2020   N/A   PRC   100 % Educational services Shenzhen Jiarui Media Co., Limited(SJMC)   June 4, 2021   N/A   PRC   100 % Conference and exhibition planning Shangdong Yuli Big Data Technology Co., Limited (SDYL)   December 14, 2021   N/A   PRC   80 % Investment holding Zhongdehui (JiNan) Education Consulting Co., Limited (“JNZDH”)   April 14, 2022   N/A   PRC   100 % Educational services

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   (a) Basis of Presentation   The accompanying financial statements include the balances and results of operations of the Company and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”).   (b) Going Concern   The Company incurred a net loss of $42,489 for the six months ended June 30, 2023. Net cash used in operating activities was $48,033 for the six months ended June 30, 2023. As of June 30, 2023, the Company had net current liabilities of $703,705 and a shareholders’ deficit of $485,101.   The ability to continue as a going concern is dependent upon the Company generating profits in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.   These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on the Company’s ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, if at all. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.   The Company expects to finance operations primarily through cash flows from operations and capital contributions from its CEO. During the first six months of 2023, the CEO has provided $232,304 in financial support for the operations of the Company. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the CEO has indicated the intent and ability to provide additional equity financing.     (c) Basis of Consolidation   The consolidated financial statements include the financial statements of the Company and its subsidiaries. Subsidiaries are all entities over which the Company has control. Control exists when the Company has the power over the entity, exposure or rights to variable returns from involvement in the entity, and the ability to use power over the entity to affect returns through its power over the entity. In assessing control, potential voting rights that presently are exercisable are taken into account. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.   (d) Use of estimates   The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent liabilities at the balance sheet date and revenue and expenses in the financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s financial statements include the valuation allowance for deferred tax assets, economic lives and impairment of leasehold improvements and equipment, allowance for doubtful accounts, etc. Actual results could differ from those estimates and such differences could affect the results of operations reported in future periods.   (e) Business combinations   Business combinations are recorded using the acquisition method of accounting. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred .   (f) Cash and Cash Equivalents   The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. All cash and cash equivalents relate to cash on hand and cash at a bank at June 30, 2023 and 2022.   The Renminbi is not freely convertible into foreign currencies. Under the PRC Foreign Exchange Control Regulations and Administration of Settlement, Sales and Payment of Foreign Exchange Regulations, the Company is permitted to exchange Renminbi for foreign currencies through banks that are authorized to conduct foreign exchange business.   (g) Leasehold Improvement and Equipment   An item of leasehold improvement and equipment is stated at cost less any accumulated depreciation and any accumulated allowance for decrease in value (if any).   The cost of leasehold improvements and equipment consists of its purchase price, import duties and non-refundable purchase taxes (after deducting trade discounts and rebates) and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the initial estimate of costs of dismantling and removing the item, and restoring the site on which it is located, the obligation for which an entity incurs either when the item is acquired or as a consequence of having used the item during a particular period.     The cost of replacing part of a leasehold improvement and equipment is included in the carrying amount of the asset when it is probable that future economic benefits will flow to the Company and the carrying amount of those replaced parts is derecognized. Repairs and maintenance are charged to the statement of income during the financial period in which they are incurred.   Depreciation is calculated on the straight-line basis to write off the cost of each asset to its residual value over the estimated useful life as follows:   Leasehold improvement Shorter of the lease term or estimated useful life Furniture and education equipment 5 years Computer equipment and software 3-5 years   The assets’ residual value, useful lives and depreciation method are regularly reviewed.   (h) Impairment of long-lived assets   The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Whenever there is an indication showing a permanent decrease in the amount of leasehold improvement and equipment, such as an evidence of obsolescence or physical damage of an asset or significant changes in the manner in which an asset is used or is expected to be used, the Company shall recognize loss on decrease in value of leasehold improvement and equipment in the statement of income where the carrying amount of the asset is higher than the recoverable amount. The Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the fair value of the assets. The Company did not record any impairment losses on long-lived assets during the six months ended June 30, 2023 and 2022.   (i) Value added tax (“VAT”)   Since May 1, 2016, all taxpayers, including ZDSE, are subject to value-added tax (“VAT”) instead of business tax. VAT small-scale taxpayers are subject to a VAT rate of 3%, with the exception of VAT small-scale taxpayers with monthly sales of less than RMB 100,000, which are exempt from VAT according to notice No. 13 (2019), effective as of January 1, 2019.   To support the novel coronavirus pneumonia prevention and control and accelerate the resumption of work, the VAT rate for small-scale taxpayers having monthly sales of in excess of RMB 100,000 was reduced from 3% to 1%, while VAT small-scale taxpayers with monthly sales of less than RMB 100,000 continue to be exempt from VAT. In order to further support the development of small and micro enterprises, the Ministry of Finance and the State Administration of Taxation announced on March 31, 2021 that any small-scale VAT taxpayer with monthly sales of less than RMB150,000 will be exempted from VAT from April 1, 2021 to December 31, 2022. Further, in accordance with The Announcement of Ministry of Finance and State Taxation Administration on Exemption of VAT for VAT Small-scale Taxpayer (No. 15, 2022), effective from April 1, 2022 to December 31 2022, VAT small-scale taxpayers, regardless of monthly sales, are exempt from VAT but are subject to a 3% tax rate for assessable income.   According to the Announcement No.1 of Taxation Bureau of Ministry of Finance in 2023, which specifies reduction and exemption of value-added tax (VAT) for small-scale VAT taxpayers, from Jan. 1st to Dec. 31st, 2023, the small-scale taxpayers with monthly sales of below RMB 100,000 are exempted from VAT; and for the small-scale taxpayers with monthly sales of above RMB 100,000, the VAT tax rate has been reduced from 3% to 1%.   Currently, of all the operating subsidiaries of the Company, with the exception of SDYL and HEMC, which are general taxpayers and subject to a VAT rate of 6%, are small-scale taxpayers and subject to a VAT tax rate of 1%(2022:3%).      (j) Income Recognition   Recognition of Revenue   Revenue is reported net of business taxes and VAT. The Company’s educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected. The primary sources of our revenues are as follows:     (a) Coaching course service revenue   Revenue is reported net of business taxes and VAT. The educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. The Company had $194,357 and $178,976 of deferred revenue as of June 30, 2023 and 2022, respectively, which will be recognized as revenue within the next 6 months. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected.     (b) Conference and exhibition planning service revenue was derived from HHMT which was established on August 25, 2020. HHMT has one wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”). Conference and exhibition planning service revenue for the six months ended June 30,2023 and 2022 was $288,285 and $96,686, or 45% and 43% of total revenues, respectively. . As of June 30, 2023, the revenue from conference and exhibition planning services accounted for 43% of   Revenue is generated through the delivery of services . Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount:     (i) identification of the services in the contract;         (ii) determination of whether the services are performance obligations, including whether they are distinct in the context of the contract;         (iii) measurement of the transaction price, including the constraint on variable consideration;         (iv) allocation of the transaction price to the performance obligations; and         (v) recognition of revenue when (or as) the Company satisfies each performance obligation.   The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms.   For all reporting periods, the Company has not disclosed the value of unsatisfied performance obligations for all service revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.   (c) Consulting service income is recognized when the services are rendered. The consulting service fee revenue in the first half of 2023 was $1,499, accounting for only 0.22% of the total revenue. The consulting service fee revenue in the first half of 2022 was $18,248, accounting for only 4% of the total revenue.     (d) Human resources outsourcing service income is recognized when the services are rendered, SDYL commenced business operations in May 2022.The revenue from human resource outsourcing service fees in the first half of 2023 was $197,913, accounting for 29% of the total revenue. The revenue from human resource outsourcing service fees in the first half of 2022 was $24.63, accounting for 0.006% of the total revenue.   Other Income and other expenses   Other income, and other expenses are recognized on an accrual basis in accordance with the substance of the relevant agreements.   (k) Operating leases   The Company determines if an arrangement contains a lease at inception. The Company elected the practical expedient, for all asset classes, to account for each lease component of a contract and its associated non-lease components as a single lease component, rather than allocating a standalone value to each component of a lease. For purposes of calculating operating lease obligations under the standard, the Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company’s leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. The discount rate used to measure a lease obligation is usually the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments.   (l) Earnings Per Share   The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the reporting period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retrospectively for all periods presented to reflect that change in capital structure.   The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. The Company had no potentially dilutive ordinary shares as of June 30, 2022 and 2023.     (m) Foreign Currency Translation   The Company’s reporting currency is the U.S. dollar and the functional currency is the Chinese Renminbi (“RMB”). All assets and liabilities are translated at exchange rates at the balance sheet date, revenue and expenses are translated at the average yearly exchange rates and equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of equity.   Transactions in currencies other than the functional currencies during the year are converted into the applicable functional currencies at the applicable rates of exchange prevailing at the dates of the transactions. Exchange gains and losses are recognized in the statements of operations.   The exchange rates utilized as follows:       H1 2023     H12022   Year-end RMB exchange rate     7.2536       6.6994   Average annual RMB exchange rate     6.9213       6.5108     No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.   (n) Foreign Currency Risk   The RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of the RMB into other currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. 100% of the Company’s cash and cash equivalents are in RMB as of June 30, 2023 and 2022, respectively.   (o) Fair Value   Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when valuing the asset or liability. Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:   Level 1   Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.   Level 2   Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.     Level 3   Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.   (p) Fair Value of financial instruments   The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable. The carrying amounts of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable approximate their fair values due to the short-term maturities of these instruments.   (q) Income Taxes   Income tax expense consists of current and deferred taxation and is recognized in profit or loss except to the extent that it relates to items recognized directly in other comprehensive income or equity, in which case it is recognized directly in other comprehensive income or equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable with respect to previous periods.   The Company accounts for income taxes using the asset and liability approach. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax basis of assets and liabilities, net of operating loss carry forwards and credits, by applying enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in the statements of operations in the period of change.   The Company accounts for uncertain tax positions by reporting a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Tax benefits are recognized from uncertain tax positions when the Company believes that it is more likely than not that the tax position will be sustained on examination by the tax authorities based on the technical merits of the position. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expenses. The Company did not record uncertain tax positions as of June 30, 2023 and December 31, 2022 as the amounts were immaterial.   (r) Comprehensive income   Comprehensive income includes net income and foreign currency translation adjustments. Comprehensive income is reported in the statements of comprehensive income.   (s) Concentration of credit risk   Financial instruments that potentially expose the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, accounts receivables and other receivables.   As of June 30, 2023, substantially all of the Company’s cash and cash equivalents were deposited with financial institutions with high-credit ratings and quality.   Accounts Receivable represent tuition fees of ZDH and the planning service fees of HHMT and SJMC due from customers that typically are collected within a short period of time. Other receivables mainly represent short-term loans to other companies with interest charged, rental and utilities deposit. Management believes it has no significant risk related to its concentration within its accounts receivable.   The Company did not have any customers that accounted for 10% or more of the Company’s net revenues for the six months ended June 30, 2023 or 2022.     (t) Impact of Covid-19   For the last three years, the outbreak of Covid-19 pandemic continued in China. Although the epidemic prevention policy of China was open since the end of December in 2022, China’s economy has not completely recovered and in the first half of 2023, the Company’s revenue increased by only 8% compared with the first half of 2022.   (u) Share Capital   Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity.   (v) Recent accounting pronouncements   Recently issued accounting pronouncements not yet adopted   In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Statements. This ASU requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. This Accounting Standards Update affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual rights to receive cash. For public business entities, the amendments in this Update are effective for fiscal years beginning after January 1, 2023, including interim periods within those fiscal years. All entities may adopt the amendments in this Accounting Standards Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). The Company is in the process of evaluating the impact of the adoption of this pronouncement on its consolidated financial statements.   The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s financial statements.

LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET	3. LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET       June 30, 2023     December 31,2022   Furniture and education equipment   $ 21,828     $ 22,917   Computer equipment and software     65,005       68,248   Leasehold improvements     69,662       73,135     $ 156,495     $ 164,300   Less: accumulated depreciation     (144,758 )     (147,929 )   $ 11,737     $ 16,371     Depreciation expense for the six months ended June 30, 2023 and 2022 was $4,042 and $11,334, respectively. The Company did not record any long-lived asset impairment losses during the six months ended June 30, 2023 and the year ended December 31, 2022.

ACCOUNTS RECEIVABLE	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE	4. ACCOUNTS RECEIVABLE   The accounts receivable and allowance balances at June 30, 2023 and December 31, 2022 are as follows:       June 30, 2023     December 31, 2022   Accounts receivable   $ 441,077     $ 458,896   Less: allowance for doubtful accounts     -       -   Accounts receivable, net   $ 441,077     $ 458,896     No allowance for doubtful accounts was made during the six months ended June 30, 2023 and the year ended December 31, 2022.

OTHER RECEIVABLES	6 Months Ended
	Jun. 30, 2023
Other Receivables
OTHER RECEIVABLES	5. OTHER RECEIVABLES   Other receivables mainly consist of a short-term loan to a third party, Dongguan Anxiang Technology Co., Ltd. and rental and utilities deposits paid for the Guangzhou and Liaoning office which are fully refundable.

ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS	6. ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS       June 30, 2023     December 31, 2022   Accounts payable (a)   $ 149,805     $ 136,302   Accrued payroll and welfare payable     74,368       85,229   VAT and other taxes payable     26,837       14,067   Others (b)     221,532       132,138     $ 472,542     $ 367,736       (a) Accounts payable primarily include supplier’s service charges to SDYL,HHMT and SJMC .   (b) Others primarily includes office rental and property management fees payable by ZDH’s subsidiaries.

SHORT-TERM BANK BORROWINGS	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
SHORT-TERM BANK BORROWINGS	7. SHORT-TERM BANK BORROWINGS   On January 10, 2023, we borrowed $2,757 from China Construction Bank with a loan term of one year and an annualized interest rate of 4%. The loan is unsecured.

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	8. INCOME TAXES   Cayman Islands   Under the current laws of the Cayman Islands, the Company is not subject to income, corporate or capital gains tax, and the Cayman Islands currently have no form of estate duty, inheritance tax or gift tax. In addition, payments of dividends and capital in respect of its shares are not subject to taxation and no withholding will be required in the Cayman Islands on the payment of any dividend or capital to any holder of its shares, nor will gains derived from the disposal of its shares be subject to Cayman Islands income or corporation tax. No provision for income taxes in the Cayman Islands has been made as the Company had no taxable income for the six months ended June 30, 2023 and 2022.   Seychelles   HGSL and HGCL are tax-exempted companies incorporated in Seychelles. Under the current laws of Seychelles, the Company and HGCL are not subject to income, corporate or capital gains tax, and Seychelles currently have no form of estate duty, inheritance tax or gift tax. In addition, payments of dividends and capital in respect of their shares are not subject to taxation and no withholding will be required in the Seychelles on the payment of any dividend or capital to any holder of their shares, nor will gains derived from the disposal of their shares be subject to Seychelles income or corporation tax. No provision for income taxes in Seychelles has been made as the Company and HGCL had no taxable income for the six months ended June 30, 2023 and 2022.     Hong Kong   HGHK is incorporated in Hong Kong and is subject to an income tax rate of 16.5% for taxable income generated from operations in Hong Kong. No provision for income taxes in Hong Kong has been made as HGHK had no taxable income for the six months ended June 30, 2023 and 2022.   PRC   The Company’s PRC subsidiaries are subject to a 25% standard enterprise income tax except for those deemed as profit method enterprises or qualified for small-scale enterprises, or granted preferential tax treatment.   ZDSE, HHMT and SJMC enjoyed a preferential tax rate of 5% for the six months ended June 30, 2023 and 2.5% for the year ended December 31, 2022.   No provision for income taxes has been made for our other subsidiaries in the PRC.   Income tax expense (benefit)       For the six months ended June 30,       2023     2022                 Current tax expense   $ 15,470     $ 1,370   Deferred tax expense     -       -     $ 15,470     $ 1,370     Income taxes of ZDSE, HHMT, SJMC and JEMT are accrued at the tax rate of 5%. The deferred income tax assets of ZDSE are calculated according to the preferential tax rate of 5% for the six months ended June 30, 2023.       For the six months ended June 30,       2023     2022                 Loss before tax   $ (27,019 )   $ (313,789 ) Tax (credit) calculated at statutory tax rate (25%)     (6,754 )     (78,447 ) Valuation allowance     22,224       79,817     $ 15,470     $ 1,370     The Company’s other subsidiaries have not recognized deferred income tax assets as of June 30, 2023 and December 31, 2022.

LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	9. LEASES   The adoption of the new lease guidance did not have a material impact on the Company’s results of operations or liquidity but resulted in the recognition of operating lease liabilities and operating lease right-of-use assets on its balance sheets. Right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term.   The Company leases various training centers in the PRC. Rent expense for the six months ended June 30, 2023 was $154,322. The Company has three operating leases with lease terms of more than one year, which are classified as operating leases. The longest lease term expires in November 2027. There are no residual value guarantees and no restrictions or covenants imposed by the lease. The Company has $431,428 of right-of-use assets, $206,867 in current operating lease liabilities and $224,561 in non-current operating lease liabilities as of June 30, 2023.     Significant assumptions and judgments made as part of the adoption of this new lease standard include determining: (i) whether a contract contains a lease, (ii) whether a contract involves an identified asset, and (iii) which party to the contract directs the use of the asset. The discount rates used to calculate the present value of lease payments were determined based on hypothetical borrowing rates available to the Company over terms similar to the lease terms.   The Company’s future minimum payments under long-term non-cancelable operating leases are as follows:       As of June 30, 2023     As of December 31, 2022   Within 1 year     222,921       235,961   After 1 year but within 5 years     231,227       343,465   Total lease payments     454,148       579,426   Less: imputed interest     (22,720 )     (33,681 ) Total lease obligations     431,428       545,745   Less: current obligations     (206,867 )     (214,758 ) Long-term lease obligations     224,561       330,987     Other information:       For the six months ended       June 30, 2023     June 30, 2022   Cash paid for amounts included in the measurement of lease liabilities:                 Operating cash flow from operating lease     58,965       113,152   Right-of-use assets obtained in exchange for operating lease liabilities     467,046       651,279   Remaining lease term for operating leases (years)     1.75 to 4.42       2.75 to 3.25   Weighted average discounted rate for operating leases     4.75 %     4.75 %

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS   (a) The Company had the following balances due to related parties:       Relationship   June 30, 2023     December 31, 2022   Junze Zhang   Shareholder and director of the Company   $ 916,865     $ 698,624   Xinwen Yang   Director of the SDYL     -       -   Qing Zuo   Chairman of the Board of ZDSE since December 20, 2018     6,054       6,356   Total       $ 922,919     $ 704,980     The balances represent cash advances from related parties.   The balances with related parties are unsecured, non-interest bearing and repayable on demand.     (b) Transactions       For the six months ended June 30,       2023     2022   Cash advance from related parties     　       　   Qing Zuo   $ -     $ -   Junze Zhang     232,304       180,151   Xinwen Yang     -       4,968   　   $ 232,304     $ 185,119     (c) The Company had the following balances due to and due from related parties:   At June 30, 2023 and June 30, 2022, the Company lent funds to the following related parties. These loans were unsecured, non-interest bearing and repayable on demand.       For the six months ended June 30,       2023     2022       　     　   Songlin Zhu(1)   $ 109,218     $ -   Zheng Pei(2)     39,204       -   Xinwen Yang(3)     164,867       -   　   $ 313,289     $ -     (1) Songlin Zhu is the Legal Representative of HMTC. He borrowed the funds from HMTC in order to pay suppliers and service providers on HMTC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to HMTC acknowledging the payment made by Zhu on behalf of HMTC. (2) Zheng Pei is the Legal Representative of SJMC. He borrowed the funds from SJMC in order to pay suppliers and service providers on SJMC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SJMC acknowledging the payment made by Pei on behalf of SJMC. (3) Xinwen Yang is the Legal Representative of SDYL. He borrowed the funds from SDYL in order to pay suppliers and service providers on SDYL’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SDYL acknowledging the payment made by Yang on behalf of SDYL. As of the date of this report, all invoices have been received by SDYL and the personal loans have been canceled.

RESERVES	6 Months Ended
	Jun. 30, 2023
Reserves
RESERVES	11. RESERVES   (a) Legal reserve   Pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable as cash dividends. During the six months ended June 30, 2023 and 2022, the Company did not accrue any legal reserve.   (b) Currency translation reserve   The currency translation reserve represents translation differences arising from translation of foreign currency financial statements into the Company’s reporting currency.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of Presentation   The accompanying financial statements include the balances and results of operations of the Company and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”).
Going Concern	(b) Going Concern   The Company incurred a net loss of $42,489 for the six months ended June 30, 2023. Net cash used in operating activities was $48,033 for the six months ended June 30, 2023. As of June 30, 2023, the Company had net current liabilities of $703,705 and a shareholders’ deficit of $485,101.   The ability to continue as a going concern is dependent upon the Company generating profits in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.   These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on the Company’s ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, if at all. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.   The Company expects to finance operations primarily through cash flows from operations and capital contributions from its CEO. During the first six months of 2023, the CEO has provided $232,304 in financial support for the operations of the Company. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the CEO has indicated the intent and ability to provide additional equity financing.
Basis of Consolidation	(c) Basis of Consolidation   The consolidated financial statements include the financial statements of the Company and its subsidiaries. Subsidiaries are all entities over which the Company has control. Control exists when the Company has the power over the entity, exposure or rights to variable returns from involvement in the entity, and the ability to use power over the entity to affect returns through its power over the entity. In assessing control, potential voting rights that presently are exercisable are taken into account. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
Use of estimates	(d) Use of estimates   The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent liabilities at the balance sheet date and revenue and expenses in the financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s financial statements include the valuation allowance for deferred tax assets, economic lives and impairment of leasehold improvements and equipment, allowance for doubtful accounts, etc. Actual results could differ from those estimates and such differences could affect the results of operations reported in future periods.
Business combinations	(e) Business combinations   Business combinations are recorded using the acquisition method of accounting. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred .
Cash and Cash Equivalents	(f) Cash and Cash Equivalents   The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. All cash and cash equivalents relate to cash on hand and cash at a bank at June 30, 2023 and 2022.   The Renminbi is not freely convertible into foreign currencies. Under the PRC Foreign Exchange Control Regulations and Administration of Settlement, Sales and Payment of Foreign Exchange Regulations, the Company is permitted to exchange Renminbi for foreign currencies through banks that are authorized to conduct foreign exchange business.
Leasehold Improvement and Equipment	(g) Leasehold Improvement and Equipment   An item of leasehold improvement and equipment is stated at cost less any accumulated depreciation and any accumulated allowance for decrease in value (if any).   The cost of leasehold improvements and equipment consists of its purchase price, import duties and non-refundable purchase taxes (after deducting trade discounts and rebates) and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the initial estimate of costs of dismantling and removing the item, and restoring the site on which it is located, the obligation for which an entity incurs either when the item is acquired or as a consequence of having used the item during a particular period.     The cost of replacing part of a leasehold improvement and equipment is included in the carrying amount of the asset when it is probable that future economic benefits will flow to the Company and the carrying amount of those replaced parts is derecognized. Repairs and maintenance are charged to the statement of income during the financial period in which they are incurred.   Depreciation is calculated on the straight-line basis to write off the cost of each asset to its residual value over the estimated useful life as follows:   Leasehold improvement Shorter of the lease term or estimated useful life Furniture and education equipment 5 years Computer equipment and software 3-5 years   The assets’ residual value, useful lives and depreciation method are regularly reviewed.
Impairment of long-lived assets	(h) Impairment of long-lived assets   The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Whenever there is an indication showing a permanent decrease in the amount of leasehold improvement and equipment, such as an evidence of obsolescence or physical damage of an asset or significant changes in the manner in which an asset is used or is expected to be used, the Company shall recognize loss on decrease in value of leasehold improvement and equipment in the statement of income where the carrying amount of the asset is higher than the recoverable amount. The Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the fair value of the assets. The Company did not record any impairment losses on long-lived assets during the six months ended June 30, 2023 and 2022.
Value added tax (“VAT”)	(i) Value added tax (“VAT”)   Since May 1, 2016, all taxpayers, including ZDSE, are subject to value-added tax (“VAT”) instead of business tax. VAT small-scale taxpayers are subject to a VAT rate of 3%, with the exception of VAT small-scale taxpayers with monthly sales of less than RMB 100,000, which are exempt from VAT according to notice No. 13 (2019), effective as of January 1, 2019.   To support the novel coronavirus pneumonia prevention and control and accelerate the resumption of work, the VAT rate for small-scale taxpayers having monthly sales of in excess of RMB 100,000 was reduced from 3% to 1%, while VAT small-scale taxpayers with monthly sales of less than RMB 100,000 continue to be exempt from VAT. In order to further support the development of small and micro enterprises, the Ministry of Finance and the State Administration of Taxation announced on March 31, 2021 that any small-scale VAT taxpayer with monthly sales of less than RMB150,000 will be exempted from VAT from April 1, 2021 to December 31, 2022. Further, in accordance with The Announcement of Ministry of Finance and State Taxation Administration on Exemption of VAT for VAT Small-scale Taxpayer (No. 15, 2022), effective from April 1, 2022 to December 31 2022, VAT small-scale taxpayers, regardless of monthly sales, are exempt from VAT but are subject to a 3% tax rate for assessable income.   According to the Announcement No.1 of Taxation Bureau of Ministry of Finance in 2023, which specifies reduction and exemption of value-added tax (VAT) for small-scale VAT taxpayers, from Jan. 1st to Dec. 31st, 2023, the small-scale taxpayers with monthly sales of below RMB 100,000 are exempted from VAT; and for the small-scale taxpayers with monthly sales of above RMB 100,000, the VAT tax rate has been reduced from 3% to 1%.   Currently, of all the operating subsidiaries of the Company, with the exception of SDYL and HEMC, which are general taxpayers and subject to a VAT rate of 6%, are small-scale taxpayers and subject to a VAT tax rate of 1%(2022:3%).
Income Recognition	(j) Income Recognition   Recognition of Revenue   Revenue is reported net of business taxes and VAT. The Company’s educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected. The primary sources of our revenues are as follows:     (a) Coaching course service revenue   Revenue is reported net of business taxes and VAT. The educational services consist of training programs and courses. Tuition is generally paid in advance and is initially recorded as deferred revenue. The Company had $194,357 and $178,976 of deferred revenue as of June 30, 2023 and 2022, respectively, which will be recognized as revenue within the next 6 months. Revenue is recognized proportionately as the instruction is delivered over the period of the course for the course fees collected.     (b) Conference and exhibition planning service revenue was derived from HHMT which was established on August 25, 2020. HHMT has one wholly-owned subsidiary, Shenzhen Jiarui Media Co., Limited (“SJMC”). Conference and exhibition planning service revenue for the six months ended June 30,2023 and 2022 was $288,285 and $96,686, or 45% and 43% of total revenues, respectively. . As of June 30, 2023, the revenue from conference and exhibition planning services accounted for 43% of   Revenue is generated through the delivery of services . Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount:     (i) identification of the services in the contract;         (ii) determination of whether the services are performance obligations, including whether they are distinct in the context of the contract;         (iii) measurement of the transaction price, including the constraint on variable consideration;         (iv) allocation of the transaction price to the performance obligations; and         (v) recognition of revenue when (or as) the Company satisfies each performance obligation.   The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms.   For all reporting periods, the Company has not disclosed the value of unsatisfied performance obligations for all service revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.   (c) Consulting service income is recognized when the services are rendered. The consulting service fee revenue in the first half of 2023 was $1,499, accounting for only 0.22% of the total revenue. The consulting service fee revenue in the first half of 2022 was $18,248, accounting for only 4% of the total revenue.     (d) Human resources outsourcing service income is recognized when the services are rendered, SDYL commenced business operations in May 2022.The revenue from human resource outsourcing service fees in the first half of 2023 was $197,913, accounting for 29% of the total revenue. The revenue from human resource outsourcing service fees in the first half of 2022 was $24.63, accounting for 0.006% of the total revenue.   Other Income and other expenses   Other income, and other expenses are recognized on an accrual basis in accordance with the substance of the relevant agreements.
Operating leases	(k) Operating leases   The Company determines if an arrangement contains a lease at inception. The Company elected the practical expedient, for all asset classes, to account for each lease component of a contract and its associated non-lease components as a single lease component, rather than allocating a standalone value to each component of a lease. For purposes of calculating operating lease obligations under the standard, the Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company’s leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. The discount rate used to measure a lease obligation is usually the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments.
Earnings Per Share	(l) Earnings Per Share   The Company reports earnings per share in accordance with ASC 260 “Earnings Per Share,” which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the reporting period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retrospectively for all periods presented to reflect that change in capital structure.   The Company’s basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company’s ordinary shares outstanding. Diluted earnings per share reflects the amount of net income available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. The Company had no potentially dilutive ordinary shares as of June 30, 2022 and 2023.
Foreign Currency Translation	(m) Foreign Currency Translation   The Company’s reporting currency is the U.S. dollar and the functional currency is the Chinese Renminbi (“RMB”). All assets and liabilities are translated at exchange rates at the balance sheet date, revenue and expenses are translated at the average yearly exchange rates and equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of equity.   Transactions in currencies other than the functional currencies during the year are converted into the applicable functional currencies at the applicable rates of exchange prevailing at the dates of the transactions. Exchange gains and losses are recognized in the statements of operations.   The exchange rates utilized as follows:       H1 2023     H12022   Year-end RMB exchange rate     7.2536       6.6994   Average annual RMB exchange rate     6.9213       6.5108     No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.
Foreign Currency Risk	(n) Foreign Currency Risk   The RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of the RMB into other currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. 100% of the Company’s cash and cash equivalents are in RMB as of June 30, 2023 and 2022, respectively.
Fair Value	(o) Fair Value   Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when valuing the asset or liability. Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:   Level 1   Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.   Level 2   Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.     Level 3   Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
Fair Value of financial instruments	(p) Fair Value of financial instruments   The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable. The carrying amounts of cash and cash equivalents, accounts receivable, other receivables, amount due to related parties and accounts payable approximate their fair values due to the short-term maturities of these instruments.
Income Taxes	(q) Income Taxes   Income tax expense consists of current and deferred taxation and is recognized in profit or loss except to the extent that it relates to items recognized directly in other comprehensive income or equity, in which case it is recognized directly in other comprehensive income or equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable with respect to previous periods.   The Company accounts for income taxes using the asset and liability approach. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax basis of assets and liabilities, net of operating loss carry forwards and credits, by applying enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in the statements of operations in the period of change.   The Company accounts for uncertain tax positions by reporting a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Tax benefits are recognized from uncertain tax positions when the Company believes that it is more likely than not that the tax position will be sustained on examination by the tax authorities based on the technical merits of the position. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expenses. The Company did not record uncertain tax positions as of June 30, 2023 and December 31, 2022 as the amounts were immaterial.
Comprehensive income	(r) Comprehensive income   Comprehensive income includes net income and foreign currency translation adjustments. Comprehensive income is reported in the statements of comprehensive income.
Concentration of credit risk	(s) Concentration of credit risk   Financial instruments that potentially expose the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, accounts receivables and other receivables.   As of June 30, 2023, substantially all of the Company’s cash and cash equivalents were deposited with financial institutions with high-credit ratings and quality.   Accounts Receivable represent tuition fees of ZDH and the planning service fees of HHMT and SJMC due from customers that typically are collected within a short period of time. Other receivables mainly represent short-term loans to other companies with interest charged, rental and utilities deposit. Management believes it has no significant risk related to its concentration within its accounts receivable.   The Company did not have any customers that accounted for 10% or more of the Company’s net revenues for the six months ended June 30, 2023 or 2022.
Impact of Covid-19	(t) Impact of Covid-19   For the last three years, the outbreak of Covid-19 pandemic continued in China. Although the epidemic prevention policy of China was open since the end of December in 2022, China’s economy has not completely recovered and in the first half of 2023, the Company’s revenue increased by only 8% compared with the first half of 2022.
Share Capital	(u) Share Capital   Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity.
Recent accounting pronouncements	(v) Recent accounting pronouncements   Recently issued accounting pronouncements not yet adopted   In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Statements. This ASU requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. This Accounting Standards Update affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual rights to receive cash. For public business entities, the amendments in this Update are effective for fiscal years beginning after January 1, 2023, including interim periods within those fiscal years. All entities may adopt the amendments in this Accounting Standards Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). The Company is in the process of evaluating the impact of the adoption of this pronouncement on its consolidated financial statements.   The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s financial statements.

DESCRIPTION OF BUSINESS (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SUBSIDIARY INFORMATION	As of June 30, 2023, the Company’s subsidiaries are as follows:   Entity   Date of incorporation   Date of acquisition   Place of incorporation   Percentage of legal ownership by the Company   Principal activities Huahui Group Stock Limited (“HGSL”)   May 17, 2017   N/A   Seychelles   100 % Holding company Huahui Group Co., Limited (“HGCL”)   May 29, 2017   N/A   Seychelles   100 % Holding company Huahui Group (HK) Co., Limited (“HGHK”)   January 4, 2017   April 20, 2018   Hong Kong   100 % Holding company Huahui (Shenzhen) Education Management Co., Limited (“HEMC”)   March 28, 2017   April 20, 2018   PRC   100 % Holding company Shenzhen Huahui Shangxing Education Consulting Co., Limited (“HSEC”)   January 5, 2018   May 4, 2018   PRC   100 % Holding company Zhongdehui (Shenzhen) Education Development Co., Limited (“ZDSE”)   January19, 2016   June 27, 2018   PRC   100 % Holding company Huahui Technology (HK) Co., Limited (“HTHK”)   March 25, 2020   N/A   Hong Kong   100 % Holding company Huahui (Shenzhen) Education Technology Co., Ltd (“HETC”)   July 8, 2020   N/A   PRC   100 % Holding company Huahui Jinming (Shenzhen) Education Technology Co., Limited (“JMET”)   July 8, 2020   N/A   PRC   100 % Holding company Shenzhen Huahui Media Technology Co., Ltd.(“HHMT”)   August 25, 2020   N/A   PRC   100 % Event planning and production; business planning Zhongdehui (Guangzhou) Education Consulting Co., Limited (“GZZDH”)   December 28, 2020   N/A   PRC   100 % Educational services Zhongdehui (Shenyang) Education Consulting Co., Limited (“SYZDH”)   December 29, 2020   N/A   PRC   100 % Educational services Shenzhen Jiarui Media Co., Limited(SJMC)   June 4, 2021   N/A   PRC   100 % Conference and exhibition planning Shangdong Yuli Big Data Technology Co., Limited (SDYL)   December 14, 2021   N/A   PRC   80 % Investment holding Zhongdehui (JiNan) Education Consulting Co., Limited (“JNZDH”)   April 14, 2022   N/A   PRC   100 % Educational services

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF ESTIMATE USEFUL LIFE OF ASSETS	Depreciation is calculated on the straight-line basis to write off the cost of each asset to its residual value over the estimated useful life as follows:   Leasehold improvement Shorter of the lease term or estimated useful life Furniture and education equipment 5 years Computer equipment and software 3-5 years
SUMMARY OF EXCHANGE OF CURRENCY RATES	The exchange rates utilized as follows:       H1 2023     H12022   Year-end RMB exchange rate     7.2536       6.6994   Average annual RMB exchange rate     6.9213       6.5108

LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT	June 30, 2023     December 31,2022   Furniture and education equipment   $ 21,828     $ 22,917   Computer equipment and software     65,005       68,248   Leasehold improvements     69,662       73,135     $ 156,495     $ 164,300   Less: accumulated depreciation     (144,758 )     (147,929 )   $ 11,737     $ 16,371

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE AND ALLOWANCE	The accounts receivable and allowance balances at June 30, 2023 and December 31, 2022 are as follows:       June 30, 2023     December 31, 2022   Accounts receivable   $ 441,077     $ 458,896   Less: allowance for doubtful accounts     -       -   Accounts receivable, net   $ 441,077     $ 458,896

ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS	June 30, 2023     December 31, 2022   Accounts payable (a)   $ 149,805     $ 136,302   Accrued payroll and welfare payable     74,368       85,229   VAT and other taxes payable     26,837       14,067   Others (b)     221,532       132,138     $ 472,542     $ 367,736       (a) Accounts payable primarily include supplier’s service charges to SDYL,HHMT and SJMC .   (b) Others primarily includes office rental and property management fees payable by ZDH’s subsidiaries.

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
SCHEDULE OF INCOME TAX EXPENSES BENEFITS	Income tax expense (benefit)       For the six months ended June 30,       2023     2022                 Current tax expense   $ 15,470     $ 1,370   Deferred tax expense     -       -     $ 15,470     $ 1,370
SCHEDULE OF RECONCILIATION OF EFFECTIVE INCOME TAX RATES	For the six months ended June 30,       2023     2022                 Loss before tax   $ (27,019 )   $ (313,789 ) Tax (credit) calculated at statutory tax rate (25%)     (6,754 )     (78,447 ) Valuation allowance     22,224       79,817     $ 15,470     $ 1,370

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER LONG-TERM NON -CANCELABLE OPERATING LEASES	The Company’s future minimum payments under long-term non-cancelable operating leases are as follows:       As of June 30, 2023     As of December 31, 2022   Within 1 year     222,921       235,961   After 1 year but within 5 years     231,227       343,465   Total lease payments     454,148       579,426   Less: imputed interest     (22,720 )     (33,681 ) Total lease obligations     431,428       545,745   Less: current obligations     (206,867 )     (214,758 ) Long-term lease obligations     224,561       330,987
SCHEDULE OF OTHER INFORMATION OF OPERATING LEASES	Other information:       For the six months ended       June 30, 2023     June 30, 2022   Cash paid for amounts included in the measurement of lease liabilities:                 Operating cash flow from operating lease     58,965       113,152   Right-of-use assets obtained in exchange for operating lease liabilities     467,046       651,279   Remaining lease term for operating leases (years)     1.75 to 4.42       2.75 to 3.25   Weighted average discounted rate for operating leases     4.75 %     4.75 %

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
SCHEDULE OF AMOUNT DUE TO RELATED PARTIES	(a) The Company had the following balances due to related parties:       Relationship   June 30, 2023     December 31, 2022   Junze Zhang   Shareholder and director of the Company   $ 916,865     $ 698,624   Xinwen Yang   Director of the SDYL     -       -   Qing Zuo   Chairman of the Board of ZDSE since December 20, 2018     6,054       6,356   Total       $ 922,919     $ 704,980         For the six months ended June 30,       2023     2022   Cash advance from related parties     　       　   Qing Zuo   $ -     $ -   Junze Zhang     232,304       180,151   Xinwen Yang     -       4,968   　   $ 232,304     $ 185,119          For the six months ended June 30,       2023     2022       　     　   Songlin Zhu(1)   $ 109,218     $ -   Zheng Pei(2)     39,204       -   Xinwen Yang(3)     164,867       -   　   $ 313,289     $ -

SUMMARY OF SUBSIDIARY INFORMATION (Details)	6 Months Ended
	Jun. 30, 2023	Jul. 03, 2019
Huahui Group Stock Limited [Member]
Date of incorporation	May 17, 2017
Place of incorporation	Seychelles
Percentage of legal ownership by the Company	100.00%	100.00%
Principal activities	Holding company
Huahui Group Co., Limited [Member]
Date of incorporation	May 29, 2017
Place of incorporation	Seychelles
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Huahui Group (HK) Co., Limited [Member]
Date of incorporation	Jan. 04, 2017
Place of incorporation	Hong Kong
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Date of acquisition	Apr. 20, 2018
Huahui (Shenzhen) Education Management Co., Limited [Member]
Date of incorporation	Mar. 28, 2017
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Date of acquisition	Apr. 20, 2018
Shenzhen Huahui Shangxing Education Consulting Co., Limited [Member]
Date of incorporation	Jan. 05, 2018
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Date of acquisition	May 04, 2018
Zhongdehui (Shenzhen) Education Development Co., Limited [Member]
Date of incorporation	Jan. 19, 2016
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Date of acquisition	Jun. 27, 2018
Huahui Technology (HK) Co., Limited [Member]
Date of incorporation	Mar. 25, 2020
Place of incorporation	Hong Kong
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Huahui Shenzhen Education Technology Co Ltd [Member]
Date of incorporation	Jul. 08, 2020
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Huahui Jinming Shenzhen Education Technology Co Limited [Member]
Date of incorporation	Jul. 08, 2020
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Holding company
Shenzhen Huahui Media Technology Co Ltd [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Event planning and production; business planning
Date of incorporation	Aug. 25, 2020
Zhongdehui Guangzhou Education Consulting Co Limited [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Educational services
Date of incorporation	Dec. 28, 2020
Zhongdehui Shenyang Education Consulting Co Limited [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Educational services
Date of incorporation	Dec. 29, 2020
Shenzhen Jiarui Media Co Limited [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Conference and exhibition planning
Date of incorporation	Jun. 04, 2021
Shangdong Yult Big Data Technology Co Limited [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	80.00%
Principal activities	Investment holding
Date of incorporation	Dec. 14, 2021
ZhongdehuiJiNan Education Consulting Co Limited [Member]
Place of incorporation	PRC
Percentage of legal ownership by the Company	100.00%
Principal activities	Educational services
Date of incorporation	Apr. 14, 2022

DESCRIPTION OF BUSINESS (Details Narrative) - shares	Jul. 03, 2019	Nov. 02, 2017	Jun. 30, 2023
Sale of stock shares issued in transaction		2,000,000
Huahui Group Stock Limited [Member]
Number of ordinary shares of common stock exchanged	300,000,000
Ownership interest percentage	100.00%		100.00%
Huahui Group Stock Limited [Member] | Shareholders [Member]
Ownership interest percentage	99.10%
Huahui Group Stock Limited [Member] | Former Shareholders [Member]
Ownership interest percentage	0.90%

SCHEDULE OF ESTIMATE USEFUL LIFE OF ASSETS (Details)	Jun. 30, 2023
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Property plant and equipment useful life
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years

SUMMARY OF EXCHANGE OF CURRENCY RATES (Details)	Jun. 30, 2023	Jun. 30, 2022
Year-End RMB [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Foreign currency exchange rate, translation	7.2536	6.6994
Annual-Average RMB [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Foreign currency exchange rate, translation	6.9213	6.5108

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)		6 Months Ended			21 Months Ended
	May 01, 2016 CNY (¥)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Product Information [Line Items]
Net loss		$ 42,489		$ 315,159
Net cash (used in) provided by operating activities		48,033		(246,908)
Net current liability		703,705
Total equity		$ 485,101		454,845		$ 435,343	$ 128,463
Value added tax description		RMB 100,000 are exempted from VAT; and for the small-scale taxpayers with monthly sales of above RMB 100,000
Deferred revenue		$ 194,357		178,976
Revenue		$ 677,491		$ 412,653
Recognition of revenue, percentage		43.00%	43.00%
Cash and cash equivalents rate		100.00%		100.00%
Revenue, description of timing		revenue increased by only 8% compared with the first half of 2022	revenue increased by only 8% compared with the first half of 2022
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | No Customer [Member]
Product Information [Line Items]
Concentration of credit risk		10.00%	10.00%	10.00%
Maximum [Member]
Product Information [Line Items]
Tax rate		1.00%	1.00%
Minimum [Member]
Product Information [Line Items]
Tax rate		3.00%	3.00%
Valued Added Tax [Member]
Product Information [Line Items]
Revenue | ¥	¥ 100,000
VAT rate description	VAT small-scale taxpayers are subject to a VAT rate of 3%	3% to 1%	3% to 1%
Tax rate for assessable income		3.00%	3.00%
Income tax percentage, small-scale taxpayers		6.00%	6.00%
Income tax percentage, exempt from VAT payments		1.00%	1.00%	3.00%
Valued Added Tax [Member] | Maximum [Member]
Product Information [Line Items]
VAT monthly small scale | ¥			¥ 100,000
Valued Added Tax [Member] | Minimum [Member]
Product Information [Line Items]
VAT monthly small scale | ¥			¥ 100,000		¥ 150,000
Conference and exhibition planning [Member]
Product Information [Line Items]
Revenue		$ 288,285		$ 96,686
Recognition of revenue, percentage		45.00%	45.00%	43.00%
Consulting Service [Member]
Product Information [Line Items]
Revenue		$ 1,499		$ 18,248
Recognition of revenue, percentage		0.22%	0.22%	4.00%
Human Resource Outsourcing [Member]
Product Information [Line Items]
Revenue		$ 197,913		$ 24.63
Recognition of revenue, percentage		29.00%	29.00%	0.006%
Financial Support, Capital Contributions [Member]
Product Information [Line Items]
Revenue		$ 232,304

SCHEDULE OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Furniture and education equipment	$ 21,828	$ 22,917
Computer equipment and software	65,005	68,248
Leasehold improvements	69,662	73,135
Leasehold improvement and equipment, gross	156,495	164,300
Less: accumulated depreciation	(144,758)	(147,929)
Leasehold improvement and equipment, net	$ 11,737	$ 16,371

LEASEHOLD IMPROVEMENT AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,042	$ 11,334

SCHEDULE OF ACCOUNTS RECEIVABLE AND ALLOWANCE (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Credit Loss [Abstract]
Accounts receivable	$ 441,077	$ 458,896
Less: allowance for doubtful accounts
Accounts receivable, net	$ 441,077	$ 458,896

SCHEDULE OF ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS (Details) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounts payable	[1]	$ 149,805	$ 136,302
Accrued payroll and welfare payable		74,368	85,229
VAT and other taxes payable		26,837	14,067
Others	[2]	221,532	132,138
Total other payables and accruals		$ 472,542	$ 367,736
[1] Accounts payable primarily include supplier’s service charges to SDYL,HHMT and SJMC . [2] Others primarily includes office rental and property management fees payable by ZDH’s subsidiaries.

SHORT-TERM BANK BORROWINGS (Details Narrative) - USD ($)	Jan. 10, 2023	Jun. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Short term borrowing		$ 2,757
Construction Loan Payable [Member]
Short-Term Debt [Line Items]
Short term borrowing	$ 2,757
Short term borrowing interst rate	4.00%

SCHEDULE OF INCOME TAX EXPENSES BENEFITS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Current tax expense	$ 15,470	$ 1,370
Deferred tax expense
Total income taxes	$ 15,470	$ 1,370

SCHEDULE OF RECONCILIATION OF EFFECTIVE INCOME TAX RATES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Loss before tax	$ (27,019)	$ (313,789)
Tax (credit) calculated at statutory tax rate (25%)	(6,754)	(78,447)
Valuation allowance	22,224	79,817
Total income taxes	$ 15,470	$ 1,370

SCHEDULE OF RECONCILIATION OF EFFECTIVE INCOME TAX RATES (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax statutory tax rate	25.00%

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Provision for income taxes	$ 15,470	$ 1,370
Income tax statutory tax rate	25.00%
ZDSE, HHMT and SJMC [Member]
Income tax preferential tax rate	5.00%		2.50%
Income tax statutory tax rate	5.00%
ZDSE [Member]
Income tax preferential tax rate	5.00%
HONG KONG
Income tax rate	16.50%
CHINA
Income tax rate	25.00%
Provision for income taxes	$ 0

SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER LONG-TERM NON -CANCELABLE OPERATING LEASES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Within 1 year	$ 222,921	$ 235,961
After 1 year but within 5 years	231,227	343,465
Total lease payments	454,148	579,426
Less: imputed interest	(22,720)	(33,681)
Total lease obligations	431,428	545,745
Less: current obligations	(206,867)	(214,758)
Long-term lease obligations	$ 224,561	$ 330,987

SCHEDULE OF OTHER INFORMATION OF OPERATING LEASES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating cash flow from operating lease	$ 58,965	$ 113,152
Right-of-use assets obtained in exchange for operating lease liabilities	$ 467,046	$ 651,279
Weighted average discount rate for operating lease	4.75%	4.75%
Minimum [Member]
Remaining lease term for operating lease (years)	1 year 9 months	2 years 9 months
Maximum [Member]
Remaining lease term for operating lease (years)	4 years 5 months 1 day	3 years 3 months

LEASES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Rent expense	$ 154,322
Lessee operating lease description	The Company has three operating leases with lease terms of more than one year
Lessee operating lease term of contract	1 year
Operating lease right-of-use assets	$ 431,428	$ 545,745
Operating lease liabilities current	206,867	214,758
Operating lease liabilities non-current	$ 224,561	$ 330,987

SCHEDULE OF AMOUNT DUE TO RELATED PARTIES (Details) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Total		$ 922,919		$ 704,980
Cash advance from related parties		232,304	$ 185,119
Repayment to related parties		$ 313,289
Junze Zhang [Member]
Related Party Transaction [Line Items]
Relationship		Shareholder and director of the Company		Shareholder and director of the Company
Total		$ 916,865		$ 698,624
Cash advance from related parties		$ 232,304	180,151
Xinwen Yang [Member]
Related Party Transaction [Line Items]
Relationship		Director of the SDYL		Director of the SDYL
Total
Cash advance from related parties			4,968
Repayment to related parties	[1]	$ 164,867
Qing Zuo [Member]
Related Party Transaction [Line Items]
Relationship		Chairman of the Board of ZDSE since December 20, 2018		Chairman of the Board of ZDSE since December 20, 2018
Total		$ 6,054		$ 6,356
Cash advance from related parties
Songlin Zhu [Member]
Related Party Transaction [Line Items]
Repayment to related parties	[2]	109,218
Zheng Pei [Member]
Related Party Transaction [Line Items]
Repayment to related parties	[3]	$ 39,204
[1] Xinwen Yang is the Legal Representative of SDYL. He borrowed the funds from SDYL in order to pay suppliers and service providers on SDYL’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SDYL acknowledging the payment made by Yang on behalf of SDYL. As of the date of this report, all invoices have been received by SDYL and the personal loans have been canceled. [2] Songlin Zhu is the Legal Representative of HMTC. He borrowed the funds from HMTC in order to pay suppliers and service providers on HMTC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to HMTC acknowledging the payment made by Zhu on behalf of HMTC. [3] Zheng Pei is the Legal Representative of SJMC. He borrowed the funds from SJMC in order to pay suppliers and service providers on SJMC’s behalf. The borrowed funds are recorded as personal loans until the suppliers and service providers have issued official invoices to SJMC acknowledging the payment made by Pei on behalf of SJMC.

RESERVES (Details Narrative)	6 Months Ended
	Jun. 30, 2023
PRC's Foreign Investment Enterprises [Member]
Legal reserves percentage description	Pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion

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