GMTECH INC. Form 10-K

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 2024-04-30

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 2023-10-16

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 2023-10-15
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 2024-05-31

 2023-11-30

 2023-10-12
 2023-10-13

 2023-10-15
 2023-10-16

 2024-02-01
 2024-03-31

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 2024-11-12

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 GMTH:JiantingLiuMember

 2024-11-06
 2024-11-07

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 2024-11-06
 2024-11-08

 2024-08-01

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D.C. 20549

 FORM 10-K

 Mark One

 ANNUAL REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended October 31, 2024

 TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from ______ to _______

 Commission File No. 000-56709

 GMTECH INC.

 (Exact name of registrant as specified in its charter)

 Wyoming

 7371

 93-3955846

 (State or other jurisdiction of incorporation or Organization)

 (Primary Standard Industrial

Classification Code)

 (IRS Employer

Identification No.)

 45 Rockefeller Plaza, 21F, New York

 New York 10111

 ( 646) 508-0022

 (Address, including zip code, and telephone number,

 including area code, of registrant's principal
executive offices)

 Indicate by check mark if the registrant is a
well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

 Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No

 Indicate by checkmark whether the issuer: (1)
has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes
No

 Indicate by check mark whether the registrant has submitted electronically
every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

 Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of
"large accelerated filer," "accelerated filer", "smaller reporting company", and "emerging growth
company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

 If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on
and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section
404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act,
indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to
previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements
that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during
the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by checkmark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act). Yes No

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates
computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of the last business day of the registrant's
most recently completed second fiscal quarter. $ 140,000 on April 30, 2024.

 Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the most practicable date:

 Class

 Outstanding as of January 10, 2025

 Common Stock: $0.0001

 12,000,000

 Item 1.

 Business

 Item 1A.

 Risk Factors

 Item 1B.

 Unresolved Staff Comments

 Item 1C.

 Cybersecurity

 Item 2.

 Properties

 Item 3.

 Legal Proceedings

 Item 4.

 Mine Safety Disclosures

 Item 5.

 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk

 Item 8.

 Financial Statements and Supplementary Data

 Item 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item 9A.

 Controls and Procedures

 Item 9B.

 Other Information

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspection

 Item 10.

 Directors, Executive Officers and Corporate Governance

 Item 11.

 Executive Compensation

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13.

 Certain Relationships and Related Transactions, and Director Independence

 Item 14.

 Principal Accountant Fees and Services

 Item 15.

 Exhibits and Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 i

 FORWARD-LOOKING STATEMENTS

 This Annual Report on Form 10-K (this "Annual Report")
contains "forward-looking statements" that involve substantial risks and uncertainties. Forward-looking statements relate
to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar matters that are not historical
facts. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "potential," "should,"
"will" and "would" or the negatives of these terms or other comparable terminology intended to identify statements
about the future.

 You should read this Annual Report and the documents that we reference
elsewhere in this Annual Report completely and with the understanding that our actual results may differ materially from what we expect
as expressed or implied by our forward-looking statements. Factors that may cause or contribute to such differences include, but are not
limited to, those discussed in more detail in Item 1 (Business) and Item 1A (Risk Factors) of Part I and Item 7 (Management's Discussion
and Analysis of Financial Condition and Results of Operations) of Part II of this Annual Report. In light of the significant risks and
uncertainties to which our forward-looking statements are subject, you should not place undue reliance on or regard these statements as
a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified timeframe, or at
all. These forward-looking statements represent our estimates and assumptions only as of the date of this Annual Report regardless of
the time of delivery of this Annual Report. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise after the date of this Annual Report.

 Unless expressly indicated or the context requires otherwise, references
in this Annual Report to "GMTech," "the Company," "we," "our," and "us" refer
to GMTech Inc., a Wyoming corporation, and our consolidated subsidiaries, unless the context indicates otherwise.

 ii

 Item 1. BUSINESS

 In General

 GMTech Inc. was incorporated under the laws of the State of Wyoming
on October 12, 2023. Through its wholly owned operating subsidiary, the Company offers IT consulting services and development solutions
for CRM systems, corporate websites, and mobile phone Apps.

 In addition to the IT consulting services, we are also planning to
develop an automated and AI powered development tool ("AI-Development Tool") that can be used by businesses to design, develop
and maintain their CRM system, website, and Apps more efficiently and automatically with fewer needs of external engineers and consultants.

 Our AI Development Tool will be a web-based platform featuring a user-friendly
interface that facilitates easy navigation and interaction. Upon user input of basic information, including industry and application scenario,
the Tool utilizes AI algorithms to collect and analyze the user's needs. Based on the analyzed requirements, the Tool generates a preliminary
demo for the user. It also empowers users with AI-driven customization options, offering design suggestions such as theme, color, font,
as well as module and functionality suggestions (e.g., online payment module for an app, contact module for a website). Users can modify
the demo by either adopting the Tool's suggestions or implementing their own changes.

 Principal Products and Services

 We provide IT consulting services and development solutions for CRM
systems, websites, and mobile phone applications to our clients.

 CRM System Development Solutions

 1) Developing customized CRM system to cater to the operational and
business needs of our clients.

 2) Implementing CRM system into our clients' business model to
optimize efficiency of managing their own customers or prospective customers relationship.

 3) Providing our clients with the necessary technology, know-how, and
support to stay ahead of the competition.

 4) Offering technical and information support, guidelines, and assistance
to ensure our clients satisfaction with our services.

 5) Helping our clients troubleshoot and adjust their systems when necessary
to ensure continued success.

 6) Providing consultation services regarding our products and services,
as well as recommendations for new products and updates.

 Website Development Solutions

 1) Custom Website Development: Building unique, responsive websites
tailored to client requirements.

 2) E-commerce Solutions: Developing online stores with secure payment
gateways and user-friendly interfaces.

 3) Web Application Development: Creating interactive and dynamic web
applications to enhance user engagement.

 4) Front-end and Back-end Development: Crafting visually appealing
user interfaces ("UI") and robust server-side logic.

 5) Web Security: Implementing security measures to protect against
cyber threats and ensure data integrity.

 Mobile Application Development Solutions

 1) iOS and Android App Development: Creating native or cross-platform
mobile applications for diverse platforms.

 2) UI and User Experience ("UX") Design: Designing intuitive
and visually appealing interfaces for a positive user experience.

 3) Enterprise Mobility Solutions: Developing mobile solutions to enhance
business processes and employee productivity.

 4) Mobile App Testing: Rigorous testing to ensure performance, security,
and compatibility across devices.

 5) Maintenance and Support: Providing ongoing support, updates, and
maintenance services for mobile applications.

 6) Integration with APIs and Third-party Services: Connecting apps
with external services to extend functionality.

 Office

 Our business office is located at 45 Rockefeller Plaza, 21F, New
York, New York 10111. Our telephone number is (646) 508-0022.

 Website

 We have registered and launched a website  to
promote our services online.

 Employees

 We have two employees including Yuyang Cui, our officer and director,
and Jianting Liu, our director. We may hire employees on an as needed basis following the process of implementing our business plan.

 Marketing

 Our business is focused on the online market, and we intend to utilize
various online marketing tools to promote our services effectively. To reach our potential clients, we plan to employ banners, flags,
and video advertisements on popular social media platforms such as Facebook, Twitter, Instagram, and YouTube. We will present our services
in an organized web catalog that can be easily accessed through our website and mobile application. Our catalog will be categorized and
tagged to facilitate user-friendliness.

 We also expect to increase our marketing efforts through our President's
personal networks and industry association channels which have not, at this point of time, been fully identified. Our President leverages
various resources in performing tasks, including their social connections and referrals from existing clients.

 Competition

 The IT consulting industry is very competitive and fragmented in the
market niche in which our Company operates. There are limited barriers to entry and new competitors frequently enter the market. A significant
number of our competitors possess substantially greater resources than we possess. Additionally, we face substantial competition for potential
clients and for technical and professional personnel from providers of similar specialties, which range from giant high-tech companies
to small workshops. The majority of our competitors are large high-tech companies who aim to provide clients IT services all over the
world.

 Government Regulation

 We will be required to comply with all regulations, rules, and directives
of governmental authorities and agencies applicable to our business in any jurisdiction which we would conduct activities. We do not believe
that regulation will have a material impact on the way we conduct our business.

 Item 1A. Risk Factors

 Not applicable to smaller reporting companies.

 Item 1B. Unresolved Staff Comments.

 Not applicable to smaller reporting companies.

 Item 1C. Cybersecurity

 None.

 Item 2. Properties

 We do not own any real estate or other properties. We lease an office
at 45 Rockefeller Plaza, 21F, New York, New York 10111.

 Item 3. Legal Proceedings

 We are not subject to any material legal proceedings, nor, to our knowledge,
is any material legal proceeding threatened against us or any of our officers or directors.

 Item 4. Mine Safety Disclosures.

 Not applicable.

 Item 5. Market for Common Equity and Related Stockholder Matters

 (a) Market Information

 There is a limited public market for our common shares. The common
shares of the Company are listed on OTC Markets under the ticker symbol of GMTH since June 26, 2024. Prior to that time, there was no
public market for our stock.

 (b) Holders

 As of October 31, 2024, the Company had 12,000,000 shares of our common
stock issued and outstanding held by our shareholders.

 (c) Dividend Policy

 We have never declared or paid any cash dividends on our common stock
to date and do not intend to pay cash dividends. We anticipate that we will retain all available funds and any future earnings, if any,
for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future. In addition, future debt
instruments may materially restrict our ability to pay dividends on our common stock. Payment of future cash dividends, if any, will be
at the discretion of the board of directors after taking into account various factors, including our financial condition, operating results,
current and anticipated cash needs, the requirements of then-existing debt instruments and other factors the board of directors deems
relevant.

 (d) Securities Authorized for Issuance Under Equity Compensation
Plans

 We have no equity compensation or stock option plans.

 (e) Performance Graph

 The performance graph has been omitted as permitted under rules applicable
to smaller reporting companies.

 (f) Recent Sales of Unregistered Securities

 There were no recent sales of unregistered shares.

 Item 6. [Reserved].

 Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations

 The following discussion should be read in conjunction with our financial
statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking
statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking
statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally
Accepted Accounting Principles.

 Results of Operations

 Revenue

 During the year ended October 31, 2024 and 2023, we generated $52,800
and $86,199 of revenue, respectively, due to a reduction in IT services engagement with new clients.

 Operating expenses

 Total operating expenses for the year ended October 31, 2024 and 2023
were $75,857 and $59,884, respectively. The operating expenses for the year ended October 31, 2024 and 2023 included general and administrative
expenses of $75,857 and $41,884; and advertising and marketing expenses of $0 and $18,000, respectively. The increase in general and administrative
expenses was due to audit fees, OTC Markets fees and other expenses related to public filing requirements of the Company. The decrease
in advertising and marketing expenses was due to a change of our marketing strategy that during last year, which is the initial year of
the Company's operation, we spent on advertising and marketing activities in order to attract initial clients; while during current
year, after we had been engaged by multiple clients for providing services, the Company decided not to spend on advertising and marketing.

 Net Income (Loss)

 Our net income (loss) for the years ended October 31, 2024 and 2023
was $(32,557) and $2,373, respectively, due to the reasons explained above.

 Liquidity and Capital Resources and Cash Requirements

 As of October 31, 2024 and 2023, the Company had cash of $107,534 and
$22,099, respectively; and working capital of $109,316 and $1,873, respectively.

 During the year ended October 31, 2024, the Company had $54,565 of
cash used in its operating activities due to its net loss of $32,557, a decrease in accounts payable of $4,208, increase in ROU of $7,159,
decrease in accrued liabilities of $3,000, increase in operating lease liability of $7,159, and decrease in deferred revenue of $14,800.
During the year ended October 31, 2023, the Company had $21,599 of cash provided by its operating activities due to its net income $2,373,
a decrease in accounts receivable of $2,168, an increase in accounts payable of $3,594, increase in accrued liabilities of $3,000 and
increase in deferred revenue of $14,800.

 During the year ended October 31, 2024, the Company generated $140,000
of cash from financing activities due to proceeds from initial public offering. During the year ended October 31, 2023, the Company generated
$500 of cash from financing activities from CEO Yuyang Cui's employee advances conversion to equity of the Company.

 Critical Accounting Policies

 Use of Estimates

 The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses
during the reporting period. Actual results could differ from those estimates.

 Revenue Recognition

 The Company recognizes revenue in accordance with Accounting Standards
Codification ("ASC") 606, "Revenue from Contracts with Customers". The core principle of ASC 606 is that an entity
recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which
the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle
by applying the following steps: Step 1: Identify the contract with the customer. Step 2: Identify the performance obligations in the
contract. Step 3: Determine the transaction price. Step 4. Allocate the transaction price. Step 5: Recognize revenue when (or as) the
entity satisfies a performance obligation.

 Recent Accounting Pronouncements

 The Company has reviewed all the recent accounting pronouncements issued
to date of the issuance of these financial statements and does not believe any of these pronouncements will have a material impact on
the Company's financial reporting.

 Off-Balance Sheet Arrangements

 We have no off-balance sheet arrangements including arrangements that
would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.

 Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

 Not applicable to smaller reporting companies.

 Item 8. Financial Statements and Supplementary Data.

 INDEX TO AUDITED FINANCIAL STATEMENTS

 Page

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 6968)

 CONSOLIDATED BALANCE SHEETS AS OF OCTOBER 31, 2024 AND 2023

 CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED OCTOBER 31, 2024 AND 2023

 CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY FOR THE YEARS ENDED OCTOBER 31, 2024 AND 2023

 CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED OCTOBER 31, 2024 AND 2023

 NOTES TO THE FINANCIAL STATEMENTS

 F- 1

 Certified Public Accountants
and Advisors

 A PCAOB Registered Firm

 713-489-5635 bartoncpafirm.com
Cypress, Texas

 Report of Independent
Registered Public Accounting Firm

 To the Board of Directors and Shareholders

 GMTech, Inc.
and Subsidiary

 Opinion on the Consolidated
Financial Statements

 We have audited the accompanying consolidated
balance sheets of GMTech, Inc. and Subsidiary as of October 31, 2024 and 2023, and the related consolidated statements of operations,
stockholders' equity, and cash flows for the year ended, and the related notes (collectively referred to as the "consolidated
financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
position of GMTech, Inc. and Subsidiary as of October 31, 2024, and the results of its operations and its cash flows for the year ended,
in conformity with accounting principles generally accepted in the United States of America.

 Basis for Opinion

 These consolidated financial statements
are the responsibility of the entity's management. Our responsibility is to express an opinion on these consolidated financial statements
based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to GMTech, Inc. and Subsidiary in accordance with the U.S. federal securities laws and
the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance
with the standards of the PCAOB and auditing standards generally accepted in the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement,
whether due to error or fraud. GMTech, Inc. and Subsidiary is not required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial
reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial
reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures
to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide
a reasonable basis for our opinion.

 Critical Audit Matters

 Critical audit matters
are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to
the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our
especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

 We have served as GMTech, Inc. and Subsidiary's auditor
since 2023.

 Barton
CPA PLLC

 Cypress, Texas

 January 10, 2025

 F- 2

 CONSOLIDATED BALANCE SHEETS

 As of
 October 31, 2024

 As of
 October 31, 2023

 Assets

 Current Assets

 Cash

 $
 107,534

 $
 22,099

 Rent deposits

 2,168

 2,168

 Right-of-use asset

 7,159

 –

 Total Current Assets

 116,861

 24,267

 Total Assets

 $
 116,861

 $
 24,267

 Liabilities

 Current Liabilities

 Accounts payable

 $

 $
 4,594

 Accrued liabilities

 –

 3,000

 Deferred revenue

 –

 14,800

 Operating lease liability

 7,159

 –

 Total Current Liabilities

 7,545

 22,394

 Total Liabilities

 7,545

 22,394

 Stockholders' Equity

 Common stock, $ 0.0001 par value; 500,000,000 shares authorized; 12,000,000 shares and 5,000,000 shares issued and outstanding as of October 31, 2024 and October 31, 2023, respectively

 1,200

 Additional paid-in capital

 139,300

 –

 Retained earnings (accumulated deficit)

 ( 31,184
)

 1,373

 Total Stockholders' Equity

 109,316

 1,873

 Total Liabilities and Stockholders' Equity

 $
 116,861

 $
 24,267

 The accompanying notes are an integral part of
these audited consolidated financial statements.

 F- 3

 CONSOLIDATED STATEMENTS OF OPERATIONS

 For the Year Ended
 October 31, 2024

 For the Year Ended
 October 31, 2023

 Revenue, net

 $
 52,800

 $
 86,199

 Cost of revenue

 9,500

 23,500

 Gross profit

 43,300

 62,699

 Operating Expenses

 Advertising and marketing expenses

 –

 18,000

 General and administrative expenses

 75,857

 41,884

 Total operating expenses

 75,857

 59,884

 Income/(loss) before income tax expenses

)

 2,815

 Income tax expense

 –

 Net income (loss)

 $
)

 $
 2,373

 Other comprehensive income (loss)

 –

 –

 Comprehensive income (loss)

 $
)

 $
 2,373

 Net income (loss) per share-Basic and diluted

 0.00

 0.00

 Weighted average number of ordinary shares

 9,083,333

 5,000,000

 The accompanying notes are an integral part of
these audited consolidated financial statements.

 F- 4

 CONSOLIDATED STATEMENTS OF STOCKHOLDERS'
EQUITY

 Common Stock

 Additional paid-in

 Retained earnings (Accumulated

 Total Stockholders'

 Shares

 Amount

 capital

 Deficit)

 Equity

 Balance as of October 31, 2022

 –

 $
 –

 $
 –

 $
 ( 1,000
)

 $
 ( 1,000
)

 Issuance of shares

 5,000,000

 –

 –

 Net Income

 –

 –

 –

 2,373

 2,373

 Balance as of October 31, 2023

 5,000,000

 –

 1,373

 1,873

 Issuance of shares

 7,000,000

 139,300

 –

 140,000

 Net Loss

 –

 –

 –

)

)

 Balance as of October 31, 2024

 12,000,000

 $
 1,200

 $
 139,300

 $
 ( 31,184
)

 $
 109,316

 The accompanying notes are an integral part of
these audited consolidated financial statements.

 F- 5

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 For the Year End
 October 31, 2024

 For the Year End
 October 31, 2023

 Cash Flows from Operating Activities

 Net (loss) income

 $
)

 $
 2,373

 Adjustments to reconcile net income to net cash provided by/(used in) operating activities:

 Changes in operating assets and liabilities:

 Other receivable

 –

 ( 2,168
)

 Right-of-use asset

 ( 7,159
)

 –

 Accounts payable

 ( 4,208
)

 3,594

 Accrued liabilities

 ( 3,000
)

 3,000

 Operating lease liability

 7,159

 –

 Deferred revenue

 ( 14,800
)

 14,800

 Net cash (used in) provided by operating activities

 $
 ( 54,565
)

 $
 21,599

 Cash Flow from Financing Activities

 Proceeds from sale of common stock

 140,000

 Net cash provided by financing activities

 $
 140,000

 $

 Net change in cash

 85,435

 22,099

 Cash, beginning of period

 22,099

 –

 Cash, end of period

 $
 107,534

 $
 22,099

 Supplemental cash flow information

 Cash paid for interest expense

 $
 –

 $
 –

 Cash paid for taxes

 $
 –

 $

 The accompanying notes are an integral part of
these audited consolidated financial statements.

 F- 6

 NOTES TO THE AUDITED CONSOLIDATED FINANCIAL
STATEMENTS

 FOR THE YEAR ENDED OCTOBER 31, 2024 AND 2023

 Note 1 – Organization and Business Background

 GMTech Inc., a Wyoming corporation, ("the
Company") was incorporated under the laws of the State of Wyoming on October 12, 2023. GMTech Inc. is headquartered in New York.
The Company provides IT consulting services to customers in North America.

 GMTech Inc. is the 100% owner of the Company's
operating subsidiary, Anptech Inc., a corporation that was organized under the laws of the State of New York on May 18, 2022. Anptech
Inc. was wholly acquired by the Company on October 16, 2023.

 On October 1, 2024, the Company acquired 100 %
ownership of Fengyi Global Co., LTD., which was incorporated in the British Virgin Islands on August 29, 2024. Fengyi Global Co., LTD.
had no operation before its acquisition by the Company.

 The Company's executive office is located
at 45 Rockefeller Plaza, 21F, New York, New York 10111.

 Note 2 – Summary of Significant Accounting
Policies

 Basis of Presentation

 The financial statements for the Company are prepared
in accordance with accounting principles generally accepted in the United States of America ("US GAAP") and the rules and
regulations of the Securities and Exchange Commission ("SEC"). The Company has adopted October 31 as its fiscal year end.

 Basis of Consolidation

 The consolidated financial statements are comprised
of all of the accounts of GMTech Inc. and Anptech Inc., a wholly owned subsidiary. All intercompany accounts and transactions have been
eliminated in consolidation.

 Use of Estimates

 Management uses estimates and assumptions in preparing
these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported.
Actual results may differ from these estimates.

 Cash and Cash Equivalents

 Cash and cash equivalents are carried at cost
and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an
original maturity of three months or less as of the purchase date of such investments.

 Accounts Receivable

 The Company's accounts receivables arise
from provision of services to customers. In general, the Company invoices for services rendered at the time the service is provided or
the cost incurred. The Company reviews its receivables in accordance with Accounting Standards Update ("ASU") 2016-13 Financial
Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASC 326"), which currently
has a minimal impact to the Company. In the event the Company does have accounts receivable, the Company will evaluate each reporting
period to provide a reserve against accounts receivable for estimated losses that may result from a customer's inability to pay
based on customer-specific analysis and general matters such as current assessments of past due balances, economic conditions and forecasts,
and historical credit loss activity. Amounts determined to be uncollectible will be charged or written-off. The Company had accounts receivable
of zero on October 31, 2024 and 2023, respectively. The Company did no t record an allowance against its accounts receivable at October
31, 2024 or October 31, 2023, as it did not have a material impact to the Company's consolidated financial statements.

 F- 7

 Revenue Recognition

 The Company recognizes revenue from service-related
agreements and contracts in accordance with Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers
("ASC 606") by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations
in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract;
and (5) recognize revenue when each performance obligation is satisfied. 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 performance obligations are consulting services to clients for their websites, apps,
and/or systems. Revenue is recognized each month during the service term of each contract. Amounts that have been invoiced are recorded
in accounts receivable and in either deferred revenue or revenue in the Company's consolidated financial statements, depending on whether
the underlying performance obligation has been satisfied. Deferred revenue consists of payments made in advance of services provided to
customers as defined within the contracts. For the year ended October 31, 2024, three customers accounted for 100 % of the revenue recorded.
For the year ended October 31, 2023, four customers accounted for 100 % of the revenue recorded. The Company had accounts receivable of
zero on October 31, 2024 and 2023, respectively. The Company had contract liabilities, which consist of deferred revenue, of $ 0 and $ 14,800
on October 31, 2024 and 2023, respectively.

 The Company provides IT consulting services to
businesses on a fixed-price basis. Revenue is recognized when services are provided over the period of service agreement. Any offsetting
costs or expenses are also recognized when services are provided to customers. In certain instances, the Company also determines whether
it acts as a principal or as an agent in a transaction. For services sourced through third-party exchanges, our accounting analysis for
principal versus agent follows the two-step evaluation prescribed in ASC 606-10-55-36A to evaluate the nature of our promise and conclude
whether we are the principal or agent:

 1. Identify the specified good(s) or service(s)
provided to the customer (i.e., distinct good(s) or service(s)); and

 2. Determine if GMTech controls each specified
good or service before that good or service is transferred to the customer.

 Step 1 - Identify the specified good(s) or service(s)

 ASC 606-10-55-36 indicates that an entity must
determine whether it is a principal or an agent for each specified good or service promised to the customer. As noted in BC24 of ASU 2016-08,
"The principal versus agent considerations relate to the application of Step 2 of the revenue recognition model—identify the
performance obligations in the contract. Appropriately identifying the good or service to be provided is a critical step in appropriately
identifying whether the nature of an entity's promise is to act as a principal or an agent."

 In determining the specified goods or services
provided to our customers, we considered the nature of our promise to customers, the customers' perspectives and expectations, and
our contract with customers. The contracts with customers specify that we will provide consulting services to the client for the purpose
of website development and related services. The client will pay GMTech for the fees incurred on a fixed basis. There is an identified
service provided to the customer.

 Step 2 - Determine if GMTech controls each specified
good or service

 In accordance with ASC 606-10-55-37, an entity
is a principal if it controls the specific good or service before that good or service is transferred to a customer. The guidance further
states that an entity that is a principal may satisfy its performance obligation to provide the specified good or service itself or may
engage another party to satisfy some or all of the performance obligation on its behalf.

 In accordance with ASC 606-10-55-38 an entity
is an agent if the entity's performance obligation is to arrange for the provision of the specified good or service by another party.
An entity that is an agent does not control the specified good or service provided by another party before that good or service is transferred
to the customer. When (or as) an entity that is an agent satisfies a performance obligation, the entity recognizes revenue in the amount
of any fee or commission to which it expects to be entitled in exchange for arranging for the specified goods or services to be provided
by the other party. An entity's fee or commission might be the net amount of consideration that the entity retains after paying
the other party the consideration received in exchange for the goods or services to be provided by that party.

 ASC 606-10-55-39 sets forth the following indicators
of an entity that controls the specified good or service before it is transferred to the customer and is therefore a principal:

 F- 8

 a. The entity is primarily responsible for fulfilling
the promise to provide the specified good or service. This typically includes responsibility for the acceptability of the specified good
or service (for example, primary responsibility for the good or service meeting customer specifications).

 GMTech is primarily responsible to the customer
for projects and services for developed systems, websites and applications. GMTech contracts directly with the buyer and is viewed by
the buyer as the sole party responsible for fulfilling the buyer's request. No other party contracts with the buyer or is obligated
to satisfy or fulfill the buyer's request. GMTech considers this relationship critical in understanding the fulfillment obligations
and expectations of the buyer.

 b. The entity carries the risk before the specified
good or service has been transferred to a customer or after the transfer of control to the customer.

 GMTech holds the risk of the specified good or
service prior to transfer to the customer.

 c. The entity has discretion in establishing the
price for the specified good or service.

 GMTech is solely responsible for and has latitude
to establish the prices charged to the customer.

 The Company evaluated the guidance described in
ASC 606-10-55-36 through 55-40 and determined it is the principal in these transactions. This requires significant judgement and is based
on an assessment of the terms of customer arrangements in accordance with ASC 606. When the Company is the principal in a transaction,
revenue is reported on a gross basis, whereas revenues as an agent are reported net of the revenue share. The Company has determined it
is the principal in certain transactions in which the Company pays a commission to an agent for sales obtained for products through various
advertising measures. The Company pays a 30% commission of the gross sales of the service paid. Such commission costs are recorded as
advertising costs. For the year ended October 31, 2024, there were no commission costs paid.

 Contract Assets and Contract Liabilities

 The amounts included within contract assets and
contract liabilities are related to the Company's consulting service contracts. Retainage for which the Company has an unconditional
right to payment that is only subject to the passage of time is classified as accounts receivable. Retainage subject to conditions other
than the passage of time are included in contract assets and contract liabilities on a net basis at the individual contract level. Contract
assets represent revenue recognized in excess of amounts paid or payable (accounts receivable) to the Company on uncompleted contracts.
Contract liabilities represent the Company's obligation to perform on uncompleted contracts with customers for which the Company
has received payment or for which accounts receivable are outstanding.

 The Company has no
 contract assets as of October 31, 2024 and 2023. The contract liabilities balances as of October 31, 2024, October 31, 2023 and
October 31, 2022 are $ 0, $ 14,800
 and $ 0, respectively.

 Deferred Revenue

 Deferred revenue consists of payments made in
advance of services provided to customers. The deferred revenue balances as of October 31, 2024, October 31, 2023 and October 31, 2022
are $ 0, $ 14,800
 and $ 0, respectively.

 Lease

 The Company accounts for leases in accordance
with ASC 842, Leases ("ASC 842"). At the inception or modification of a contract, the Company determines whether a lease exists
and classifies its leases as an operating or finance lease at commencement. Right-of-use ("ROU") assets represent the Company's
right to use an underlying asset for the lease term and lease liabilities represent their obligation to make lease payments arising from
the lease. See Note 6 – Operating Lease.

 As most of the Company's leases do not provide
an implicit interest rate, the lease liability is calculated at lease commencement as the present value of unpaid lease payments using
the Company's estimated incremental borrowing rate. The incremental borrowing rate represents the rate of interest that the Company
would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term and is determined using
a portfolio approach based on information available at the commencement date of the lease.

 F- 9

 The lease asset also reflects any prepaid rent,
initial direct costs incurred and lease incentives received. The Company's lease terms may include optional extension periods when
it is reasonably certain that those options will be exercised.

 Leases with an initial expected term of 12 months
or less are not recorded in the Balance Sheet and the related lease expense is recognized on a straight-line basis over the lease term.
For certain classes of underlying assets, the Company has elected to not separate fixed lease components from the fixed non-lease components.

 Basic and Diluted Net Income (Loss) Per Share

 The Company computes net income (loss) per share
in accordance with ASC 260, Earning per Share ("ASC 260"). ASC 260 requires presentation of both basic and diluted earnings
per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders
(numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive
potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted
method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased
from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

 Income Taxes

 As a result of the implementation of certain provisions
of ASC 740, Income Taxes ("ASC 740"), which clarifies the accounting and disclosure for uncertainty in tax position, as defined,
ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting
for income taxes. The Company has adopted the provisions of ASC 740 since inception and has analyzed filing positions in each of the federal
and state jurisdictions where the Company is required to file income tax returns, as well as open tax years in such jurisdictions. The
Company has identified the U.S. federal jurisdiction, and the state of New York, as its "major" tax jurisdictions. As of October
31, 2024, the 2020 through 2023 tax years generally remain subject to examination by federal and state authorities.

 The Company accounts for income taxes using the
asset and liability method prescribed by ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference
between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in
which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the
weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The
effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date.

 New U.S. federal tax legislation, commonly referred
to as the Tax Cuts and Jobs Act (the "U.S. Tax Reform"), was signed into law on December 22, 2017. The U.S. Tax Reform modified
the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for
taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial
tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign
subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries;
and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in
a single lump-sum payment.

 Related Parties

 Parties, which can be a corporation or individual,
are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant
influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject
to common control or common significant influence.

 Adopted Accounting Pronouncements

 In February 2016, the Financial Accounting Standards
Board ("FASB") issued Accounting Standards Update 2016-02 Leases (Topic 842) ("ASU 2016-02") which supersedes
Topic 840, Leases. ASU 2016-02 applies to all entities that enter into leases. The new standard establishes a right-of-use model (ROU)
that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months.

 F- 10

 The Company adopted ASU 2016-02 during the year
ended October 31, 2023. ASU 2016-02 contains certain practical expedients, which the Company has elected. The Company has elected to exempt
all leases that qualify as short-term leases (leases not longer than 12 months).

 On January 1, 2024, the Company adopted Accounting
Standards Update ("ASU") 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on
Financial Instruments ("ASC 326"). This standard replaced the incurred loss methodology with an expected loss methodology
that is referred to as the current expected credit loss ("CECL") methodology. CECL requires an estimate of credit losses for
the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts
and generally applies to financial assets measured at amortized cost, such as accounts receivable. At October 31, 2024, the Company's
accounts receivable balance was zero. The adoption of ASU 2016-13 did not have a material impact to the Company's financial statements.

 New Accounting Pronouncements

 The Company has reviewed recently issued accounting
pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements
to have an impact on its results of operations or financial position.

 Note 3 – Acquisition

 On October 16, 2023, the Company acquired 100 %
ownership interest in Anptech Inc. by issuance of 2,000,000 shares of common stock to Yuyang Cui, the sole owner of Anptech Inc. The acquisition
closed effective October 16, 2023, and has been treated as a business combination under common control.

 The Company accounted for the acquisition under
ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01"). Under ASU 2017-01,
the Company determined that the acquisition was business acquisition. The transfer of Anptech Inc.'s business to the Company was
between entities under common control of Yuyang Cui, the sole director of the Company. The acquisition was accounted for in a manner similar
to a pooling-of-interests with the assets and liabilities of the entities mentioned above carried over at their historical amounts.

 On October 1, 2024, the Company obtained 100 %
ownership of Fengyi Global Co., LTD. through stock transfer, which was incorporated in the British Virgin Islands on August 29, 2024.
The consideration for the purchase of stock of Fengyi Global Co., LTD. is zero. Fengyi Global Co., LTD. had no operation, assets or business
activities before its stock being transferred to the Company, and does not meet the definition of a "business" under ASC
805-10-20 and 805-10-55. The Company accounted for the stock purchase as obtaining a corporate shell.

 Note 4 – Related Party Transactions

 For the year ended October 31, 2024, the director
of the Company, Yuyang Cui advanced $ 2,000 in February 2024 to the Company for general and administration expenses incurred by the Company.
All of the advances were repaid to Yuyang Cui in May 2024. As of October 31, 2024, the balance of related party transactions is zero.

 For the year ended October 31, 2023, Yuyang Cui
advanced $ 800 to the Company for the payment of incorporation cost of the Company's subsidiary Anptech Inc. All of the advances
were repaid to Yuyang Cui in November 2023. The amount is recorded in the current liabilities section of the balance sheet.

 For the year ended October 31, 2024, there are
significant unpaid contributions by Yuyang Cui, our CEO, CFO and director, since Ms. Cui contributed significant officer and director
services to the Company.

 F- 11

 Note 5 – Equity

 Common Shares

 The Company is authorized to issue 500,000,000
shares of common stock with par value of $ 0.0001. All shares have equal voting rights, are non-assessable, and have one vote per share.

 On October 13, 2023, the Company issued Yuyang
Cui 3,000,000 shares of common stock of the Company at par value of $0.0001 per share for a total value of $ 300, for the incorporation
cost paid by Yuyang Cui.

 On October 16, 2023, the Company issued Yuyang
Cui 2,000,000 shares of common stock of the Company at par value of $0.0001 per share for a total value of $ 200, for acquisition of all
outstanding 200 shares of Anptech Inc. from Yuyang Cui.

 In the month of February 2024 and March 2024,
the Company issued 7,000,000 shares of its common stock at $0.02 per share for total proceeds of $ 140,000.

 As of October 31, 2024 and 2023, the Company has
 12,000,000 and 5,000,000 shares of common stock issued and outstanding, respectively.

 Note 6 – Operating Lease

 In September 2023, the Company entered into an
office lease for an office at 45 Rockefeller Plaza, New York. The lease expired at the end of September 2024. Since the Company intends
to maintain the lease for more than twelve months, the Company was required to classify such lease as operating lease in accordance with
the provisions of ASC 842 - Leases. Therefore, the Company recognized operating lease liabilities with corresponding Right-Of-Use ("ROU")
assets based on the present value of the minimum rental payments of such lease during the fourth quarter of 2024.

 The Company's lease agreements do not provide
an implicit borrowing rate. Therefore, the Company used a benchmark approach to derive an appropriate incremental borrowing rate. The
Company benchmarked itself against other companies of similar credit ratings and comparable credit quality and derived an incremental
borrowing rate to discount each of its lease liabilities based on the remaining lease terms.

 ROU assets at October 31, 2024 were $ 7,159. Short-term
and long-term operating lease liabilities were $ 7,159 and $ 0 at October 31, 2024, respectively.

 Quantitative information regarding the Company's
lease is as follows:

 Schedule of quantitative information regarding lease

 For the Year Ended October 31, 2024

 For the Year Ended October 31, 2023

 Lease expenses

 Operating lease expenses

 $
 17,412

 $
 –

 Short-term lease expenses

 –

 22,238

 Total lease cost

 17,412

 22,238

 Other information

 Cash paid for the amounts included in the measurement of lease liabilities for operating leases:

 Operating cash flows

 17,412

 –

 Weighted-average remaining lease term (in years):

 Operating lease

 0.42

 –

 Weighted-average discount rate:

 Operating lease

 5.49 %

 –

 As of October 31, 2024, future minimum lease
payments required under operating lease are as follows:

 Schedule of future minimum lease payments

 2025

 $
 7,225

 Total payments

 $
 7,225

 F- 12

 Note 7 – Income Tax

 United States of America

 The Company is registered in the State of Wyoming
and is subject to United States of America tax law.

 The Company records a tax provision for the anticipated
tax consequences of the reported results of operations. In accordance with ASC 740, the provision for income taxes is computed using
the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences
of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit
carryforwards. The Company has no provision due to only losses to date.

 Schedule of reconciliation of income tax expense

 For the Year Ended October 31, 2024

 For the Year Ended October 31, 2023

 Net profit (loss) before income tax

 $
)

 $
 2,815

 Tax expense (benefit) at the statutory tax rate

 ( 6,837
)

 Tax effect of

 Valuation allowance

 6,837

 –

 Net operating loss tax assets deduction

 –

 –

 Income tax expense (benefit)

 $
 –

 $

 Deferred Tax Assets

 At October 31, 2024, the Company had net operating
loss ("NOL") carry–forwards for Federal income tax purposes of $ 32,557 that may be offset against future taxable income
through 2040. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying consolidated
financial statements as the management of the Company believes that the realization of the Company's net deferred tax assets of
approximately $ 6,837 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards
are offset by the full valuation allowance.

 Deferred tax assets consist primarily of the tax
effect of NOL carry-forwards which was used to offset tax payable from prior year's operations. The Company has provided a full
valuation allowance on the deferred tax assets because of the uncertainty regarding its realization.

 Components of deferred tax assets are as follows:

 Schedule of deferred tax assets

 October 31, 2024

 October 31, 2023

 Net Deferred Tax Asset Non-Current:

 Net Operating Loss Carry-Forward

 $
 32,557

 $
 –

 Effective tax rate

 21.0 %

 21.0 %

 Expected Income Tax Benefit from NOL Carry-Forward

 6,837

 –

 Less: Valuation Allowance

 ( 6,837
)

 –

 Deferred Tax Asset, Net of Valuation Allowance

 $
 –

 $
 –

 Note 8 – Major Customers and Concentration
of Credit Risk

 For the year ended October 31, 2024, three customers
accounted for 100 % of the Company's total revenues. For the year ended October 31, 2023, four customers accounted for 100 % of the
Company's total revenues. The loss of any of these customers could have a material adverse effect on the Company's results
of operations and financial position.

 Financial instruments which potentially subject
the Company to concentrations of credit risk consist principally of cash and cash equivalents, accounts receivable, amounts due from related
parties and advances to suppliers. For the year ended October 31, 2024 and 2023, none of the Company's revenue was credit sales.

 F- 13

 Note 9 – Commitments and Contingencies

 The Company did no t have any contractual commitments
as of October 31, 2024 and 2023.

 Note 10 – Subsequent Event

 In accordance with ASC 855, Subsequent Events,
("ASC 855"), the Company has analyzed its operations subsequent to October 31, 2024 to the date these financial statements
were issued and has determined that it has material subsequent events to disclose in these financial statements as below:

 On November 12, 2024, the Company obtained 100 %
ownership of Shenggang Excellence Limited through stock purchase, which was incorporated in Hong Kong on September 2, 2024. Shenggang
Excellence Limited had no operation, assets or business activities before its stock being transferred to the Company.

 On November 7, 2024, Yuyang Cui, CEO and director
of the Company, entered into a Securities Purchase Agreement with Jianting Liu, director of the Company, pursuant to which Jianting Liu
purchased 1,000,000 shares of the Company from Yuyang Cui.

 On November 8, 2024, Yuyang Cui, CEO and director
of the Company, entered into a Securities Purchase Agreement with Juan Yang, pursuant to which Juan Yang purchased 1,000,000 shares of
the Company from Yuyang Cui.

 Subsequent events were reviewed through the date
of this form 10-K January 10, 2025.

 F- 14

 Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure.

 None.

 Item 9A. Controls and Procedures.

 Management's Report on Disclosure Controls and Procedures

 Management is responsible for establishing and
maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company's internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United
States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and
with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation
of the effectiveness of the Company's internal control over financial reporting as of October 31, 2024, using the criteria established
in "Internal Control - Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission
("COSO - 2013").

 A material weakness is a deficiency, or combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the Company's annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of
the effectiveness of internal control over financial reporting as of October 31, 2024, the Company determined that there were control
deficiencies that constituted material weaknesses, as described below.

 1. We do not have an Audit Committee – While
not being legally obligated to have an audit committee, it is the management's view that such a committee, including a financial
expert member, is an utmost important entity level control over the Company's financial statement. Currently the Board of Directors
acts in the capacity of the Audit Committee and does not include a member that is considered to be independent of management to provide
the necessary oversight over management's activities.

 2. We did not maintain appropriate segregation
of duties and cash controls – As of October 31, 2024, the Company has not maintained sufficient internal controls over financial
reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature
on the Company's bank accounts. Alternatively, the effects of poor cash controls were mitigated by the fact that the Company had
limited transactions in their bank accounts.

 3. We do not have appropriate information technology
controls – The Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence
of normal backup of the Company's data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated
factors. Further there are no IT controls in place to prevent changes to, or misstatement in, financial reporting.

 Accordingly, the Company concluded that these
control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will
not be prevented or detected on a timely basis by the company's internal controls.

 As a result of the material weaknesses described
above, management has concluded that the Company did not maintain effective internal control over financial reporting as of October 31,
2024 based on criteria established in Internal Control-Integrated Framework issued by COSO.

 Our management is responsible for establishing
and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that
is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure
controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed
by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management,
including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions,
as appropriate to allow timely decisions regarding required disclosure

 Changes in Internal Controls over Financial Reporting

 There has been no change in our internal control
over financial reporting occurred during the year ended October 31, 2024, that has materially affected, or is reasonably likely to materially
affect, our internal control over financial reporting.

 Item 9B. Other Information.

 During the year ended October 31, 2024, no director
or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in
Item 408(a) of Regulation S-K.

 Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent
Inspections.

 Not Applicable.

 Item 10. Directors, Executive Officers, Promoters and Control Persons
of the Company

 DIRECTORS, EXECUTIVE OFFICERS, AND CONTROL PERSONS

 The name, address and position of our present officers and directors
are set forth below:

 Name

 Age

 Position

 Yuyang Cui

 President, CEO, CFO and Director

 Jianting Liu

 Director

 Set forth below is a brief description of the background and business
experience of our executive officers and directors for the past five years.

 Yuyang Cui

 In October 2023, Ms. Cui founded GMTech Inc., and serves as our CEO,
President, Secretary, Treasurer, and Director. May 2022 to October 2023, Ms. Cui founded Anptech Inc and served as its President, Secretary,
Treasurer and Director since its incorporation. Ms. Cui was responsible for the daily operations and management of Anptech Inc. Since
2017 to February 2022, Ms. Cui served as a partner to GMBP Capital, and she was responsible for investments in AI and SaaS companies and
projects. From 2015 to 2017, Ms. Cui led the development of a robot operating system Numerous OS which can be widely used in the fields
of AI, big data and robotics development. Ms. Cui obtained her Master's from Washington University in St Louis concentrating in Electrical
Engineering in 2008.

 Jianting Liu

 Mr. Liu joined the Company as a director on August 27, 2024. Mr. Liu
served as the Chairman of China Peak Energy Group from December 2023. From April 2014 to March 2020, Mr. Liu served as the General Manager
of Shenzhen Huaying Investment Management Co., Ltd. From June 2020 to September 2023, Mr. Liu worked at Kunming Pingyuan Trading Co.,
Ltd. as the General Manager.

 INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

 No director, executive officer, significant employee or control person
of the Company has been involved in any legal proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.

 AUDIT COMMITTEE

 We are compliant with the provisions and requirements of an audit committee
considering our start-up phase and emerging growth company status.

 DIRECTOR NOMINEES

 We do not have a nominating committee. Our management plans to select
individuals to stand for election as members of our board of directors. We are yet to finalize a policy with regard to the consideration
of any director candidates recommended by our security holders. Our board has determined that it is in the best position to evaluate our
company's requirements as well as the qualifications of each candidate when it considers a nominee for a position on our board.
If security holders wish to recommend candidates directly to our board, they may do so by communicating directly with our officers at
the address specified on the cover of this registration statement.

 AUDIT COMMITTEE AND AUDIT COMMITTEE FINANCIAL EXPERT

 We do not currently have an audit committee or a committee performing
similar functions. The board of directors as a whole participates in the review of financial statements and disclosure.

 Our board of directors has determined that it does not have a member
of its audit committee that qualifies as an "audit committee financial expert" as defined in Item 407(d)(5)(ii) of Regulation
S-K and is "independent" as the term is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities Exchange Act of 1934,
as amended.

 SIGNIFICANT EMPLOYEES

 Ms. Yuyang Cui, CEO of the Company, is the significant employee of
the Company.

 Item 11. Executive Compensation.

 MANAGEMENT COMPENSATION

 The following table sets forth information regarding each element of
compensation that we paid or awarded to our named executive officers and directors for fiscal years October 31, 2024 and 2023:

 Summary Compensation Table

 Name and principal position

(a)

 Year ended October 31,

 (b)

 Salary

 ($)

 (c)

 Bonus

 ($)

 (d)

 Stock

 Compensation

 ($)

 (e)

 Option

 Awards

 ($)

 (f)

 Non-Equity Incentive

 Plan Compensation

 ($)

 (g)

 Nonqualified Deferred

 Compensation

 Earnings

 ($)

 (h)

 All Other

 Compensation

 ($)

 (i)

 Total

 ($)

 (j)

 Yuyang Cui

 2024

 –

 –

 –

 –

 –

 –

 –

 –

 Title: Chief Executive Officer, President, Secretary, Treasurer, Director

 2023

 –

 –

 –

 –

 –

 –

 –

 –

 Jianting Liu

 2024

 –

 –

 –

 –

 –

 –

 –

 –

 Title: Director

 2023

 –

 –

 –

 –

 –

 –

 –

 –

 Yuyang Cui and Jianting Liu have not received monetary compensation
since our inception to the date of this Form 10-K. We currently do not pay any compensation to any officer or any member of our board
of directors. There are no arrangements pursuant to which directors will be compensated in the future for any services provided as a director.

 Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.

 The following table lists, as of the date of this form 10-K, the number
of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the beneficial
owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all officers and directors
as a group. Information relating to beneficial ownership of common stock by our principal shareholders and management is based upon information
furnished by each person using "beneficial ownership" concepts under the rules of the Securities and Exchange Commission. Under
these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power
to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security.
The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within
60 days.

 Under the Securities and Exchange Commission rules, more than one person
may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to
which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power.

 The percentages below are calculated based on 12,000,000 shares of
our common stock issued and outstanding as of the date of this Form 10-K. We do not have any outstanding warrant, options or other securities
exercisable for or convertible into shares of our common stock.

 Title of Class

 Name and Address of Beneficial Owner

 Amount and Nature of Beneficial Ownership

 Percentage

 Common Stock

 Ms. Yuyang Cui

 23 Chittenden Rd, Fair Lawn, NJ 07410

 3,000,000

 25.0%

 Common Stock

 Mr. Jianting Liu

 Building C, Fuhai Science and Technology Industrial Park, Baoan District,
 Shenzhen, Guangdong, China

 1,000,000

 8.33%

 Common Stock

 Ms. Juan Yang

 No.8 Ganchuan Village, Dong'an Town, Gaozhou City, Guangdong Province,
 China

 1,000,000

 8.33%

 Item 13. Certain Relationships and Related Transactions, and Director
Independence.

 For the year ended October 31, 2024, the director of the Company, Yuyang
Cui advanced $2,000 in February 2024 to the Company for general and administration expenses incurred by the Company. All of the advances
were repaid to Yuyang Cui in May 2024. As of October 31, 2024, the balance of related party transactions is zero.

 Item 14. Principal Accountant Fees and Services.

 The following table sets forth the fees billed to our company for the
years ended October 31, 2024 and 2023 for professional services rendered by BARTON CPA PLLC, the independent auditor:

 Fees

 2024

 2023

 Audit Fees

 $
 25,000

 $
 18,000

 Audit Related Fees

 3,000

 –

 Other Fees

 –

 –

 Total Fees

 $
 28,000

 $
 18,000

 Item 15. Exhibits, Financial Statement Schedules.

 Financial Statements

 See Index to Consolidated Financial Statements
at Item 8 herein.

 Exhibits

 Exhibit Number

 Description of Exhibits

 31.1

 Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 31.2

 Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 Certification by the Chief Executive and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Item 16. Form 10-K Summary.

 None.

 SIGNATURES

 Pursuant to the requirements of the Securities
Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized in 45 Rockefeller Plaza, 21F, New York, NY 10111.

 GMTECH INC.

 January 10, 2025

 By: /s/ Yuyang Cui

 President, Treasurer and Secretary

 (Principal Executive, Financial and Accounting Officer)

 In accordance with the requirements of the Securities
Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated.

 Signature

 Title

 Date

 /s/ Yuyang Cui

 Yuyang Cui

 President, Treasurer, Secretary and Director

 (Principal Executive, Financial and Accounting Officer)

 January 10, 2025

 /s/ Jianting Liu

 Jianting Liu

 Director

 January 10, 2025