The following discussion and analysis of our results of operations and financial condition for fiscal year ended July 31, 2022 should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this report. Some of the information contained in this management's discussion and analysis or set forth elsewhere in this Annual Report, including information with respect to our plans and strategy for our business and related financing, includes forward looking statements that involve risks, uncertainties and assumptions. As a result of many factors, including those factors set forth in the "Risk Factors" section in Form S-1/A registration statement, filed on August 27, 2021, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in this Annual Report.





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Overview

Birdie Win Corporation is headquartered in Selangor, Malaysia. The Company's executive office is located at D109, Level 1, Block D, Kelana Square, Jalan SS 7/26, 47301 Petaling Jaya, Selangor, Malaysia. We offer one-on-one Personal Financial Literacy Seminar services, with a focus on providing such services to customers in Malaysia and Hong Kong individuals or families.

Our cash and cash equivalents are $19,312 as of July 31, 2022. Our cash balance is not sufficient to fund our limited levels of operations for any period of time. In order to continue our current business plan and increase our current level of operations for the next twelve-month period, we require further funding.

For the year ended July 31, 2022, the Company incurred a net loss of $25,494 and used cash in operating activities of $35,203 and borrowed $4,645 from our director. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company's profit generating operations 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.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company's current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

Results of operations for the year ended July 31, 2022





Revenues

For the years ended July 31, 2022 and 2021, the Company has generated a revenue of $30,000 and $20,000 respectively. The revenue is generated through provision of Personal Financial Literacy Seminar (PFL Seminar) services to clients.





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General and Administrative Expenses

For the years ended July 31, 2022 and 2021, the Company incurred general and administrative expenses of $55,756 and $20,279 respectively. These were primarily comprised of audit fees, stock and registrar fees, legal fees and other professional fees.





Net Loss

For the years ended July 31, 2022 and 2021, the Company incurred a net loss of $25,494 and $427 respectively.

Liquidity and Capital Resources

The Company's cash and cash equivalents has decreased by $507, from $19,819 as of July 31, 2021 to $19,312 as of July 31, 2022. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.

Cash Used in Operating Activities

For the year ended July 31, 2022, the Company has used $35,203 in operating activities, which was primarily attributable to net loss from operation, increase in prepayment, decrease in accrued liabilities and decrease in customer deposit.

For the year ended July 31, 2021, the Company has received $17,146 from operating activities, which was primarily attributable to increase in accrued liabilities, the amount due to our director and a customer deposit.

Cash Used in Investing Activities

For the year ended July 31, 2022, the Company has used $1,304 in investing activity primarily attributable to the purchase of equipment.

For the year ended July 31, 2021, the Company has used $927 in investing activity primarily attributable to the purchase of equipment.

Cash Provided by Financing Activities

On April 16, 2021, our sole officer and director, Mr. Chee Yong Yee, purchased 3,600,000 shares of restricted common stock at a purchase price of $0.001 (par value) per share. The $3,600 in proceeds went directly to the Company to be used for working capital.

For the year ended July 31, 2022, the Company has received $36,000 from financing activity primarily from issuance of shares of common stock pursuant to our initial public offering.

For the year ended July 31, 2021, the Company has received $3,600 from financing activity primarily from subscription of shares of common stock by our director, Mr. Chee Yong Yee.





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Off-Balance Sheet Arrangement

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of July 31, 2022.





Contractual Obligation

As a smaller reporting company, we are not required to provide the aforementioned information.

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