Yong Bai Chao New Retail Corporation is a dormant shell company primarily seeking future business acquisitions, with no current operations, revenue, or employees.

# Summary of Yong Bai Chao New Retail Corporation

- **Business Overview:**  
  The company is currently a shell corporation with no active operations, assets, or revenue-generating activities. Its primary strategy is to seek and acquire a new operating business through a potential business combination, merger, or asset purchase.

- **Corporate Status:**  
  - Originally incorporated in Nevada on February 17, 2004.
  - Previously known as Boss Minerals, Inc. and Environmental Control Corp.
  - Changed name to Yong Bai Chao New Retail Corporation on October 28, 2021.
  - Recently approved a reverse stock split (1-for-20) but not yet effective.
  - Currently classified as a **blank check company** and a **shell company**.
  - Quoted on OTC Pink under the symbol **YBCN**.
  - No revenues, assets, or meaningful operations as of the latest reporting periods.

- **Operations & Activities:**  
  - No current business activities, sales, or revenue.
  - Management's focus is on identifying and pursuing potential new business opportunities, including mergers or acquisitions of companies with strong growth potential.
  - No employees or operational staff; management is limited and devotes minimal time.
  - No current customer base or product offerings.

- **Financials:**  
  - For the year ended December 31, 2024:
    - Revenue: $0
    - Net Loss: $39,794
    - Total liabilities: $146,453
    - No cash on hand as of December 31, 2024
  - Past financial activities mainly include legal and accounting expenses related to maintaining public company status.
  - No current revenue or income.
  - Has minimal liabilities and no positive cash flows from operations.

- **Management & Shareholders:**  
  - No compensation paid to officers or directors in 2024.
  - Past major shareholders include Fei Wang (held 42.3%) and Zhengpeng Lu (held 14.38%), with other holdings in the company.
  - Management has undergone multiple changes, with no current operational team or employees.

- **Risk & Regulatory Status:**  
  - As a shell and blank check company, subject to SEC regulations that impose restrictions on securities offerings and resale.
  - No current business or revenue, which limits investor activity due to penny stock rules.
  - Potential risks include future Chinese government regulatory actions, especially concerning potential involvement with Chinese companies via variable interest entity (VIE) structures.

- **Conclusion:**  
  The company functions as a dormant shell with the primary goal of engaging in a future business combination. It has no current customers, employees, revenue, or income, and its operations are focused solely on potential future acquisitions or mergers.

Yong Bai Chao New Retail Corporation is a shell company actively seeking new business opportunities following a period of inactivity.


# Company Overview: Yong Bai Chao New Retail Corporation

## General Information
- **Former Names**: Boss Minerals, Inc. and Environmental Control Corp.
- **Incorporation**: State of Nevada on February 17, 2004.
- **Current Name**: Yong Bai Chao New Retail Corporation (effective October 28, 2021).
- **Industry**: The company has no defined industry focus as it seeks to identify new business opportunities.

## Current Operations
- **Operational Status**: As of the latest report, the company has no current operations, revenue, or income.
- **Employees**: The company employs **one executive officer** who is not obligated to devote a specific number of hours to the company's affairs.
- **Number of Customers**: The company does not have any customers due to lack of current operations.
- **Financial Performance**: The company does not generate any revenues or income currently.

## Business Strategy
- **Focus**: The company's strategy is focused on seeking potential new business opportunities through a combination with an operating or development-stage company, an acquisition of assets, or other business transactions.
- **Criteria for Selection**: There are no specific criteria outlined for selecting potential business opportunities, although factors like financial condition, growth potential, regulatory environment, and competitive position may be considered.

## Financial Condition
- **Assets**: The company has no assets reported.
- **Revenues and Income**: There are no revenues or income reported.
- **Historical Context**: The company has undergone significant changes since its formation, including name changes and stock conversions, but it remains in the status of a "blank check" and "shell company" as it seeks new business ventures.

## Regulatory Context
- The company is subject to regulations applicable to shell companies and blank check companies, which can affect how it raises capital and the types of transactions it can engage in.
- Current governance from regulatory bodies like the SEC imposes additional layers of compliance that the company must adhere to.

This summary encapsulates the current status and strategic direction of Yong Bai Chao New Retail Corporation as it seeks to transition from a dormant state to an active operational entity.


Yong Bai Chao New Retail Corp

10-K / April 10, 2025

10-K / April 15, 2024

10-K / April 10, 2025

Summary of Yong Bai Chao New Retail Corporation