NOTE 1  ORGANIZATION, DESCRIPTION OF BUSINESS, AND GOING CONCERN UNION BRIDGE HOLDINGS LIMITED (the Company) was incorporated under the laws of the State of Nevada on May 6, 2014. The Companys principal business activities are as described below in Recent Developments. Recent Developments The Company incorporated two new wholly owned subsidiaries in the British Virgin Islands: 1.) Phoenix Creation Global Limited (PC) on October 26, 2017 and 2.) Windsor Honour Limited (WH) on October 30, 2017, respectively. These subsidiaries were formed with the intent to sell healthcare products and services to seniors and individual with disabilities. The Company recently procured samples of motorized wheelchairs, as the first product in an expected portfolio of products targeted at this market. On February 2, 2018, the Companys subsidiary Union Beam Investment Limited (UB) established Qianhai Lianqiao Investment Consulting (Shenzhen) Company Limited, renamed as Union Beam Trading (Shenzhen) Limited (UB Trading), a wholly foreign owned entity in the Peoples Republic of China (PRC), to engage in the sale of healthcare products and services. On February 13, 2018, the Companys subsidiary PC established Union Care Investment Limited (UC) in Hong Kong, to engage in the provision of senior care services. On May 25, 2018, UC established Sino Silver (Qianhai) Holdings Ltd. (Sino Silver Qianhai), a wholly owned entity in the PRC, to engage in the provision of elderly home care services, to establish senior care centers and to provide community services. As of December 31, 2019, UC is ready to be engaged in the business activities of the Company. On September 20, 2018, Sino Silver Qianhai established Sino Sliver (Beijing) Elderly Service Ltd. (Sino Silver Beijing) in the PRC, to engage in the provision of elderly home care services, to establish senior care centers and to provide community services in Beijing region. On December 27, 2018, the Companys subsidiary UC established Sino Silver (Zhuhai Hengqin) Elderly Service Limited (Sino Silver Zhuhai), a wholly owned entity in the PRC engaging the elderly home care services, senior care centers and community services. On September 24, 2019, the Company entered into a share exchange agreement (the SEA) with Conperin Group Inc. (Conperin) and Conperins shareholders whereby the Company issued 187,546,887 new common shares in exchange for all of the issued and outstanding common shares of Conperin, which totaled 2,500,000. Conperin is a private limited liability company, incorporated and domiciled in the British Virgin Islands. The Company and Conperin were under common control before the acquisition; therefore, the transaction has been accounted for as business combination under common control in accordance to ASC-805-50-30-5, in which the assets and liabilities of Conperin have been presented at their carrying values at the date of common control on March 12, 2019. On March 12, 2019, Conperin established Circle YY Technologies Inc., a limited company incorporated in the British Virgin Islands (Circle BVI). Circle BVIs principal business activity is investment holding. On March 27, 2019, Conperin established Circle YY Technologies Limited, a limited company incorporated in Hong Kong (Circle HK). Circle HKs principal business activity is development of website and mobile apps to promote positive communication between the elders and young people. On September 27, 2019, Conperin established Circle YY International Inc., a limited company incorporated in the British Virgin Islands (Circle International). As of March 31, 2020, Circle International are ready to be engaged in the business activities of the Company. Discontinued Operations On November 6, 2019, the Company disposed of UB Trading, Sino Silver Qianhai and Sino Silver Beijing to unrelated parties at no consideration. On December 17, 2019, the Company disposed of Sino Silver Zhuhai to unrelated parties at no consideration. Before the disposal, the subsidiaries have minimal business activities. The Company finds no business rationale to maintain these subsidiaries. Going Concern The accompanying unaudited interim consolidated financial statements have been prepared assuming that the Company will continue as a going concern; however, the Company has incurred a net loss of $604,145 for the period ended September 30, 2020. As of September 30, 2020, the Company had an accumulated deficit of $2,237,131, working capital deficit of $1,898,442, and stockholders deficit of $1,898,442; its net cash used in operating activities for period ended September 30, 2020 was $603,258. These factors raise substantial doubt on the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Managements plan for the Companys continued existence is dependent upon Management's ability to identify investment opportunities, develop those opportunities to generate profit; additionally, Management will need to continue to rely on certain related parties to provide funding for investment, working capital, and general corporate purposes, and management expertise to the Company at less than prevailing market rates. If Management is unable to execute its plan, the Company may become insolvent. The Companys controlling shareholder and Chief Executive Officer has provided a personal guarantee of loan in writing that he would provide to the Company of up to $1 million for investment and working capital purposes. Management believes this guarantee should be considered a material event in executing its overall plan described in the foregoing.