false 2024 FY 0001959585

 2023-12-31

 2024-10-15

 country: US

 country: HK

 country: US

 country: HK

 srt: PresidentMember

 srt: PresidentMember

 CIK0001959585:OtherFoundingShareholdersMember

 2022-08-01
 2022-08-20

 CIK0001959585:OtherFoundingShareholdersMember

 2022-08-20

 CIK0001959585:SinYiChengAnd4privateInvestorsMember

 2022-08-01
 2022-08-23

 CIK0001959585:SinYiChengAnd4privateInvestorsMember

 2022-08-23

 CIK0001959585:FiftyPrivateInvestorsMember

 2022-09-01
 2022-09-19

 CIK0001959585:FiftyPrivateInvestorsMember

 2022-09-19

 country: HK

 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 June 30, 2024

 or

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

 For
the transition period from _________ to _________

 Commission
file number: 333-269343

 Protopia Global Holdings Inc.

 (Exact
name of registrant as specified in its charter)

 Cayman Islands

 00-0000000

 State
or other jurisdiction of

incorporation or organization

 (I.R.S. Employer

Identification
No.)

 Room 408B&C, 4 th Floor,

 Lippo Sun Plaza, No. 28 Canton Road,

 Tsim Sha Tsui, Kowloon, Hong Kong

 00000

 (Address of principal executive offices)

 (Zip Code)

 Registrant's
telephone number, including area code: (852) 6686-0563

 Securities
registered pursuant to Section 12(b) of the Act:

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 Securities
registered pursuant to section 12(g) of the Act:

 Not
Applicable

 (Title of class)

 Not
Applicable

 (Title
of class)

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

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

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 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

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

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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 Ex- change 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.

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).

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

 As
of December 31, 2023, the last business day of the Registrant's most recently completed second fiscal quarter, there were
21,500,000 shares of the Registrant's common stock outstanding of which 7,200,000 shares of voting stock were held by
non-affiliates of the Registrant. The aggregate value of shares of stock held by non-affiliates of the Registrant cannot be
calculated because the shares of common stock of the Registrant are listed are no t listed on a nationally recognized stock exchange
or quoted by the OTC Markets Group.

 As
of October 15, 2024, the registrant had 21,500,000 ordinary shares issued and outstanding.

 TABLE
OF CONTENTS

 Protopia Global Holdings Inc.

 FORM 10-K

 FOR THE FISCAL YEAR ENDED JUNE 30, 2024

 PART I.

 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 Disclosure.

 PART II.

 Item 5.

 Market for the Registrant's Common Stock, 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 Disclosure About Market Risk.

 Item 8.

 Financial Statements and Supplementary Data.

 Item 9.

 Change 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 Inspections

 PART III.

 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, Director Independence.

 Item 14.

 Principal Accounting Fees and Services.

 PART IV.

 Item 15.

 Exhibits, Financial Statement Schedules.

 Exhibit Index.

 Item 16.

 Form 10–K Summary

 Signatures.

 i

 PART
I

 ITEM 1.
BUSINESS.

 Introduction

 We
were incorporated in the Cayman Islands on August 18, 2022 as an exempted company with limited liability, under the name Protopia
Global Holdings Inc. We conduct our operations in Hong Kong primarily through our operating subsidiary in Hong Kong. We filed an initial
registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "Commission") on January 20,
2023, which became effective on May 12, 2023 (as amended as of May 12, 2023, the "Registration Statement"), pursuant
to which up to 1,000,000 of our ordinary shares, par value $0.00001 per share (each, an "Ordinary Share", collectively, "Ordinary
Shares") became registered under the U.S. Securities Act of 1933, as amended (the "Securities Act') in a self-underwritten
best-efforts public offering (the "Public Offering").

 The
Ordinary Shares were, and continue to be, offered at the fixed price of $0.50 per share. The self-underwritten best-efforts Public Offering
will terminate on the earliest of (i) 180 days following the effective date of the Registration Statement, or November 8, 2023,
(ii) the date on which the offering is fully subscribed, and (ii) the date which management determines to terminate the offering.

 As
of the date of this Annual Report on Form 10-K, no Ordinary Shares have been sold in the Public Offering.

 Corporate
Structure

 The Company is the 100% owner of Protopia International
Company Limited, a company incorporated in Hong Kong on August 26, 2022.

 Exempted
companies are Cayman Islands companies conducting business mainly outside the Cayman Islands and, as such, are exempted from complying
with certain provisions of the Companies Act. As an exempted company, we applied for and received a tax exemption undertaking from the
Cayman Islands government that, in accordance with Section 6 of the Tax Concessions Law (2020 Revision) of the Cayman Islands, for
a period of 20 years from the date of the undertaking, no law which is enacted in the Cayman Islands imposing any tax to be levied on
profits, income, gains or appreciations will apply to us or our operations and, in addition, that no tax to be levied on profits, income,
gains or appreciations or which is in the nature of estate duty or inheritance tax will be payable (i) on or in respect of our shares,
debentures or other obligations or (ii) by way of the withholding in whole or in part of a payment of dividend or other distribution
of income or capital by us to our shareholders or a payment of principal or interest or other sums due under a debenture or other obligation
of us.

 Business
Development

 We have generated $Nil service income and have
accumulated losses in the amount of $124,751 for fiscal year ended June 30, 2024. We have never been party to any bankruptcy, receivership
or similar proceeding, nor have we undergone any material reclassification, merger, consolidation, or purchase or sale of a significant
amount of assets not in the ordinary course of business.

 Since
the date of incorporation to June 30, 2024, our efforts had been devoted primarily to startup and development activities, which
include the following:

 1.
 Formation
of the Company and obtaining start-up capital;

 2.
 Developing
our services;

 3.
 Identifying
possible commercial alliances in the marketplace; and

 4.
 Actively
seeking to secure clients to use our services.

 Business
of the Company

 Principal
Services and Principal Markets

 We
assist small- and medium-sized non-U.S. companies in accessing international capital markets through listings on U.S. nationally recognized
stock exchanges such as the Nasdaq Global Market, the Nasdaq Capital Market and NYSE American or quotation by the OTC Markets Group (OTCQX,
OTCQB and Pink). We are offering our services to clients with operations in Hong Kong presently, and we intend to expand the distribution
of our services into China as opportunities permit. We facilitate this goal by acting as a project manager to provide consulting, liaison
and coordination services to non-U.S. companies. In addition, after our clients become publicly traded companies, we will provide them
with continuing consulting services related to maintaining compliance with the requirements of pertinent jurisdictions and regulatory
agencies. Such consulting, liaison and coordination services that we intend to provide include or address, without exclusivity, the following:

 1.
 Organizing
and incorporating client companies outside of the United States;

 2.
 Development
and preparation of business and operational plans;

 3.
 Providing
forms of legal documents for further review and preparation by licensed attorneys engaged by a client;

 4.
 Establishing
accounting control systems;

 5.
 Referring
clients to independent accounting firms;

 6.
 Referring
clients to independent third-party legal and other professional services firms;

 7.
 Acting
as the intermediary for the flow of information and documentation between clients and professional services firms; and

 8.
 Other
general advisory services, as required or requested by clients.

 When
our clients engage us to provide our advisory services in connection with the process of the initial listing of their securities in the
U.S., we provide our business advice related to the initial eligibility requirements and evaluate such client's proposed business
plan and discuss proposed recommendations to that business plan.

 We
do not have pre-arranged agreements with any independent third-party accounting, legal or other professional services firms for the provision
of services to our clients. We may provide a list of such professionals to our client for their selection and determination which professionals
they want to engage.

 Terms
of Professional Agreements for Our Services.

 1.
 Description
and Scope of the professional services to be performed by the Company, which typically include:

 a.
 assistance
with incorporation of a new entity under the laws of Cayman Islands and a company that will become its wholly-owned subsidiary under
the laws of the Hong Kong Special Administrative Region of the People's Republic of China,

 b.
 development
 and preparation of business and operational plans, and may include

 i.
 preparation
of legal forms and other advisory services, as well as

 ii.
 referral
of clients to independent third-party legal and other professional services firms and

 iii.
 acting
as the liaison for the flow of information and documentation between clients and professional services firms, as to be determined by
the clients.

 All
professional services agreements with client contain explicit disclaimers that we do not provide legal advice to our clients.

 2.
 Project
 timeline and payment terms:

 a.
 45%
 of the project management fee is payable upon signing of our standard professional services
 agreements;

 b.
 45%
 of the project management fee is payable when the services described in the professional
 services agreement are substantially performed by the Company; and

 c.
 the
 remaining 10% of the project management fee is payable upon completion of the project.

 3.
 Project
 timeline and payment terms:

 a.
 Access
 to international capital markets – Listing of the issuer's securities in
 the United States provides non-U.S. companies with added liquidity compared with local non-U.S.
 stock exchanges. This, in turn, increases marketability of their products and services, as
 well as increases the potential to access a greater range of capital financing, if necessary,
 than if the companies were to be listed on a local exchange.

 b.
 Access
 to new markets for products and services – Being listed in the U.S. offers brand
 recognition in the U.S.; therefore, U.S. companies may prefer to conduct business with U.S.
 listed foreign companies rather than privately-held or foreign exchange listed companies.

 c.
 Costs
 of listing – Listing on a non-U.S. stock exchange, in a country such as China or
 Hong Kong, costs comparatively more in professional fees than on OTC Markets Group (OTCQX,
 OTCQB and Pink). In addition, such non-U.S. stock exchanges typically have listing requirements
 that small, development-stage companies cannot meet.

 We
operate in the corporate advisory services sector within the consulting industry in East Asia. The market for our services consists mainly
of non-U.S. companies who desire to gain access to international capital markets, specifically in the United States.

 We
believe that we currently do not meet the definition of an "investment company" pursuant to Section 3 of the Investment
Company Act of 1940 (the "Investment Company Act"). The Investment Company Act defines an investment company as an issuer
which (a) is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting,
or trading in securities, (b) is engaged or proposes to engage in the business of issuing face-amount certificates of the installment
type, or has been engaged in such business and has any such certificate outstanding, or (c) is engaged or proposes to engage in the business
of investing, reinvesting, owning, holding, or trading in securities, and owns or proposes to acquire investment securities having a
value exceeding 40 percent of the value of such issuer's total assets (excluding government securities and cash items) on an unconsolidated
basis. We are in the business of managing the listing of non-U.S. companies. The ordinary shares of client companies we receive or purchase
in our listing assignments are incidental to our main business and are typically sold to the public after a minimum holding period of
12 months. We do not plan to hold investment securities which exceed 40 percent of the value of our total assets. However, if we determine
that we were to inadvertently meet the Investment Company Act definition of an "investment company" in the future, and have
no viable exemption, we would register as an investment company.

 Distribution
Methods of Our Services

 We
provide services to companies based in Hong Kong presently. Our marketing strategy is to foster strategic alliances with management's
prior business associates, third-party legal and accounting firms and other professional service firms, through which we expect to garner
referrals and gain brand exposure at minimal cost. We have approached some of these persons and entities with regard to generating referrals,
although we cannot guarantee that we will be successful in doing so.

 If
we receive a direct referral from an independent consultant, we either serve the client together as joint project managers if responsibilities
are shared between us, or we act as the sole project manager if the referring consultant is not involved in the provision of services.
Under the joint project management scenario, no referral fee is paid to the referring consultant. Instead, we share the joint project
management fee with the consultant, typically on the basis that 60% of the cash component of the standard joint project management fee,
and a negotiated amount of any stock compensation, being attributable to us. In the event that the cash compensation is more than our
standard amount, sharing of the excess amount, if any, will be distributed on a negotiated basis. Under the sole project management scenario,
we only pay a referral fee to the referring consultant. The maximum amount of our referral fees is 15% on our sole project management
fee. The referral fee for each individual project is determined by negotiation and is only payable after the referred assignment is successfully
completed. The current cash component of our standard joint project management fee is $150,000. Our current sole project management fee
is $90,000 to $150,000, depending on negotiation, plus a negotiated amount of stock compensation. Our directors review these charges
periodically and adjust them to enhance our competitiveness under prevailing market conditions.

 We
expect to pay a referral fee to any of our shareholders, officers, directors, and employees in the event that we have successfully completed
an assignment as either a joint project manager or a sole project manager as a result of receiving a referral from any of these parties
The amount of referral fee payable by us to any of these parties is determined on a negotiated basis and is in line with the referral
fees payable to independent consultants, which has a maximum of 15% on our total project management fee.

 We
have adopted a policy not to pay referral fees to accounting firms and legal firms if the referring firms are also engaged to provide
any services to the referred clients on an ongoing basis. Referral fees, which are comparable to those payable to independent consultants,
will be paid to these professional firms only if these payments are permissible under applicable laws and regulations and standards of
professional ethics. Since inception, we have not received referrals from any accounting firms or legal firms.

 We
have not established specific criteria regarding operating history, minimum earnings, minimum assets, minimum net worth, or other operating
or financial criteria for our clients or potential clients. Accordingly, we may provide services to potential clients having losses,
no significant operating history, limited or no potential for immediate earnings, limited assets, negative net worth or other negative
characteristics. We may, however, consider other factors, including (but not limited to) the potential client's long-term growth
possibilities, as well as its strategic position relative to other companies in its location and industry, in deciding to enter into
a business relationship with a potential client. Notwithstanding the absence of established criteria with respect to its selection of
clients, we prefer to recruit clients with operating histories with long-term growth potential, and/or with business relationship with
U.S. companies.

 Competitive
Business Conditions and the Issuer's Competitive Position

 We
have not obtained market research conducted by independent and qualified professionals to ascertain the demand for the type of services
we intend to provide. We also have no access to information as to the number of professional firms providing services similar to those
rendered by us. Our officers and directors, however, are aware that most major U.S. investment banks have established offices in Hong
Kong. These offices offer companies in Hong Kong and China a full range of investment banking services, including initial public offering
and other capital market advisory services in the U.S. Our officers and directors are also aware of several small and medium size U.S.
investment banks, as well as local consultants in Hong Kong and China, providing similar U.S. public listing services.

 We
believe that investment banking firms offer services to assist companies enter the capital markets by way of attaining listings on stock
exchanges. Investment banks provide consulting and advisory services to assist companies become reporting and publicly traded. It is
in this manner that we believe will be competing with investment banks. Although raising or finding capital for companies is one service
of the many that the investment banks provide, we have no intention of offering these services. As and when our clients intend to raise
capital, we will refer them to sources which are licensed to find capital in the jurisdiction where the capital is to be raised. A referral
fee will be chargeable to these sources on a successful basis. Under no circumstances will we direct the decision-making process of our
clients in securing capital. We, however, will assist our clients in assembling company and industry information for presentation purposes,
and to act as a coordinator for the dissemination of information amongst all parties involved in a fund-raising exercise. We intend to
charge our clients project management fees at negotiated rates for services provided.

 There
are many consulting firms and financial services firms which have significantly greater financial and personnel resources and technical
expertise than ours. Our competitors in some instances will be larger, more established companies, some of which may possess substantially
greater financial, marketing and operational resources than we do. In view of our limited financial and human resources, we have significant
competitive disadvantages compared to our competitors.

 Employees

 As
of June 30, 2024, we did not have any employees.

 Intellectual
Property

 We
do not own or license any intellectual property.

 ITEM 1A.
RISK FACTORS.

 As
a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called
for by this Item.

 ITEM 1B.
UNRESOLVED STAFF COMMENTS.

 None.

 ITEM 1C. CYBERSECURITY.

 We have developed and maintain a cybersecurity
risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information.
Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies,
reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial
risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to
identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments,
implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity
awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity
threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures
and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service
providers in connection with our operations. Our risk management, legal, and compliance personnel oversee and identify, including through
a third-party cybersecurity service provider, material risks from cybersecurity threats associated with our use of such entities.

 Cybersecurity Governance

 Our Board of Directors oversees our risk
management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports to our
Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as any incidents
with lesser impact potential.

 One of the key functions of our Board of
Directors is informed oversight of our various processes for managing risk. An overall review of risk is inherent in our Board of Directors
ongoing consideration of our long-term strategies, transactions and other matters presented to and discussed by the Board of Directors.
This includes a discussion of the likelihood and potential magnitude of various risk.

 ITEM 2.
PROPERTIES.

 We currently do not have
any written agreement or any legally enforceable arrangements with respect to leasing or renting property for office use. We also do
not own any real property. The Company utilizes the office space and equipment of Flywheel Financial Strategy (Hong Kong) Company Ltd,
a Hong Kong company ("Flywheel"), at no cost with Flywheel's permission. Ka Ki Wong, our director, Chief Financial
Officer and Chief Operating Officer, is also a director of Flywheel. As such, Flywheel is free to discontinue providing the office space
without cost at any time and without notice. The Company believes that its current office space and available business equipment of is
sufficient for operations. The Company currently has no investments or interests in real estate, real estate mortgages or securities
of, or interests in, persons primarily engaged in real estate activities and does not intend to invest in real estate, real estate mortgages
or securities, or interests in persons primarily engaged in real estate activities.

 In
the event that Flywheel discontinues providing the office space without cost at any time, we believe we can successfully negotiate leased
office space from Flywheel or another local provider of office space without material cost or disruption to the Company's operations.

 ITEM 3.
LEGAL PROCEEDINGS.

 We
know of no active or pending legal proceedings against us, nor are we involved as a plaintiff in any proceedings or pending litigation.
There are no proceedings in which any of our director, officers or affiliates, or any 5% or greater beneficial shareholder are an adverse
party or has a material interest adverse to us.

 ITEM 4.
MINE SAFETY DISCLOSURES.

 Not

 PART
II

 ITEM 5.
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

 Market
Information

 As
of June 30, 2024 and as of the date of this Annual Report on Form 10-K, none of our Ordinary Shares are listed on a nationally
recognized stock exchange such as the Nasdaq Global Market, the Nasdaq Capital Market, the NYSE American stock exchange or quoted by
the OTC Markets Group (OTCQX, OTCQB or Pink), and there is no established public trading market for the Ordinary Shares or any other
class of common equity of the Company.

 Holders

 As
of October 15, 2024, we have 21,500,000 Ordinary Shares issued and outstanding and no shares of preferred stock issued and outstanding.

 As
of October 15, 2024, we have approximately 60 shareholders of record.

 Dividends

 We
have never declared or paid any dividends on our Ordinary Shares. We do not anticipate paying any dividends in the foreseeable future.
We currently intend to retain future earnings, if any, to finance operations and expand our business. Our director has sole discretion
whether to pay dividends.

 Our
board of directors has complete discretion in deciding whether to distribute dividends, subject to certain restrictions under Cayman
Islands law, namely that our company may only pay dividends out of profits or share premium, and provided always that in no circumstances
may a dividend be paid if this would result in our company being unable to pay its debts as they fall due in the ordinary course of business.
In addition, our shareholders may by special resolution declare a dividend, but no dividend may exceed the amount recommended by our
board of directors. Even if our board of directors decides to pay dividends, the timing, amount and form of future dividends, if any,
will depend on, among other things, our future results of operations and cash flow, our capital requirements and surplus, the amount
of distributions, if any, received by us from our subsidiaries, our financial condition, contractual restrictions and other factors deemed
relevant by our board of directors.

 The
Cayman Islands Companies Act (the "Companies Act") imposes restrictions on our ability to declare and pay dividends. Payment
of dividends may be subject to China withholding taxes.

 Equity
Compensation Plan Information

 None.

 Recent
Sales of Unregistered Securities; Uses of Proceeds from Registered Securities

 None.

 ITEM 6.
[RESERVED]

 ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 The
information set forth in this Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A")
contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including,
among others (I) increase in our revenue and profitability, (ii) prospective business opportunities and (iii) our strategy for financing
our business. Forward-looking statements are statements other than historical information or statements of current condition. Some forward-looking
statements may be identified by use of terms such as "believes", "anticipates", "intends" or "expects".
These forward-looking statements relate to our plans, liquidity, ability to complete financing, to enter into future agreements with
companies, and plans to successfully expend our business operations and the sale of our products. We have based these forward-looking
statements largely on our current expectations and projections about future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and financial needs.

 Although
we believe that our expectations with respect to the forward-looking statements are based upon reasonable assumptions within the bounds
of our knowledge of our business and operations, in light of the risks and uncertainties inherent in all future projections, the inclusion
of forward-looking statements in this Quarterly Report should not be regarded as a representation by us or any other person that our
objectives or plans will be achieved. All forward-looking statements speak only as of the date of this Quarterly Report. Except to the
extent required by law, we undertake no obligation to update or revise any forward-looking statements, or other information contained
herein, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying
such statements, or otherwise. We caution you therefore that you should not rely on any of these forward-looking statements as statements
of historical fact or as guarantees or assurances of future performance.

 Overview

 The
Company is a newly formed holding company incorporated on August 18, 2022, under the laws of the Cayman Islands with no material
operations of its own. The Company conducts all its operations in Hong Kong through its wholly-owned operating subsidiary, Protopia International
Company Limited ("Protopia HK"), incorporated in Hong Kong on August 26, 2022, which have just started its business
operations.

 Protopia HK is an advisory
and consulting company that also acts as a project manager to small- and medium-sized companies with business operations in Hong Kong
to access international capital markets. We help such companies with the process of the initial listing on US nationally recognized stock
exchanges such as the Nasdaq Global Market, the Nasdaq Capital Market, NYSE American or the OTC Markets (OTCQX, OTCQB and Pink) by providing
consulting, liaison and coordination services. We also assist these or other publicly traded companies that are listed on the national
security exchanges or on OTCQX and OTCQB with maintaining continuing eligibility requirements and compliance with those listing rules,
regulations, or standards, as applicable. While our clients are currently businesses located in Hong Kong, we intend to expand the distribution
of our services into mainland China as opportunities permit.

 Results
of Operations

 Results
of operations for the period from July 1, 2023 to June 30, 2024 and period from August 18, 2022 (inception) to June 30,
2023

 Revenues

 For
the period from July 1, 2023 to June 30, 2024, the Company did not have any revenue income.

 For
the period from August 18, 2022 (inception) to June 30, 2023, the Company had revenue income of $10,024 which was the fee income
in connection with services rendered by the Company to a client to prepare a form of the registration statement on Form S-1 for review
and preparation of such registration statement by a qualified U.S. lawyer.

 Cost
of Revenue and Gross Profit

 For
the period from July 1, 2023 to June 30, 2024 and period from August 18, 2022 (inception) to June 30, 2023, the Company did not have any
cost of revenues and gross profit.

 General
and administrative expenses

 For the period from July
1, 2023 to June 30, 2024, the Company had general and administrative expenses of $78,848, which comprised of bank charges of $187, secretarial
services fee of $6,705, audit fee of $28,023, edgar filing expense of $11,772, legal fee of $27,406, escrow agent fee of $2,500, computer
and software expense of $358, stock transfer agent fee of $1,332 and sundry expense of $565.

 For
the period from August 18, 2022 (inception) to June 30, 2023, the Company had general and administrative expenses of $55,927,
which comprised of marketing expense of $844, business registration fee of $3,000, bank charges of $182, secretarial services fee of
$1,510, audit fee of $39,000, incorporation expense of $4,700, legal fee of $6,000 and stock transfer agent fee of $691.

 Tax
expense

 For
the period from July 1, 2023 to June 30, 2024 and period from August 18, 2022 (inception) to June 30, 2023, the Company did not have any
tax expense incurred.

 Net
loss

 For
the period from July 1, 2023 to June 30, 2024, the Company had a net loss of $78,848, which was a net result of a general and administrative
expenses of $78,848.

 For
the period from August 18, 2022 (inception) to June 30, 2023, the Company had a net loss of $45,903, which was a net result
of a revenue income of $10,024, and general and administrative expenses of $55,927.

 Liquidity
and Capital Resources

 As
of June 30, 2024, we had $1,493 of cash all of which will be used to pay the estimate general and administrative expenses to maintain
the Company's operation. We depend substantially on financing activities to provide us with the liquidity and capital resources,
we need to meet our working capital requirements and to make capital investments in connection with ongoing operations. From the Company's
date of incorporation, August 18, 2022, to the period end of June 30, 2024, we have met these requirements primarily through sales
of our Ordinary Shares.

 Cash
Used in Operating Activities

 For
the period from July 1, 2023 to June 30, 2024, net cash used in operating activities was
$65,153, which was the result of payment of bank charges of $187, secretarial services fee of $6,705, audit fee of $28,023, edgar
filing expense of $11,772, legal fee of $27,406, escrow agent fee of $2,500, computer and software expense of $358, stock transfer agent
fee of $1,332 and sundry expense of $565, Prepayment of $60 and increment in accrued expenses of $13,755.

 For
the period from August 18, 2022 (inception) to June 30, 2023, net cash used in operating activities was $19,059, which was
the result of payment of marketing expense of $844,
business registration fee of $3,000, bank charges of $182, secretarial services fee of $1,510, audit fee of $39,000, incorporation expense
of $4,700, legal fee of $6,000, stock transfer agent fee of $691, revenue income of $10,024,
and increment in accrued expenses of $26,844.

 Cash
Flows from Investing Activities

 For
the period from July 1, 2023 to June 30, 2024 and period from August 18, 2022 (inception) to June 30, the Company did not have
any investing activities.

 Cash
Provided from Financing Activities

 For the period July 1, 2023 to June 30, 2024, net cash from financing
activities was $48,649 which was a result of advance from a shareholder of $48,649.

 For the period from August 18, 2022 (inception) to June 30, 2023, net cash from financing activities was $37,082 which was
a result of proceeds from issuance of ordinary shares of $127,433, payment of offering costs of $129,301 and advance from a shareholder
of $38,950.

 Plan
of Operations

 Over
the course of the 12 months following our initial public offering ("Public Offering") pursuant to the registration statement
on Form S-1 that was declared effective by the SEC on May 12, 2023 (the "registration Statement"), we plan to spend
a substantial portion of our effort in the promotion of our services to potential clients. We intend to utilize the business network
of shareholders, officers, directors and employees to identify potential opportunities.

 Our
Board of Directors has adopted a policy to pay a referral fee to our shareholders, officers, directors, and employees in the event that
we have successfully completed an assignment as either a joint project manager or a sole project manager as a result of receiving a referral
from any of these parties. The amount of the referral fee payable by us to any of these parties is determined on a negotiated basis and
is in line with that payable to independent consultants, which has a maximum of 15% on our project management fee including both the
cash component and stock compensation, if any. If we receive a direct referral from an independent consultant, we either serve the client
together as joint project managers, if responsibilities are shared between us, or we act as the sole project manager, if the referring
consultant is not involved in the provision of services. The referral fee for each individual project is determined by negotiation and
is only payable after the referred assignment is successfully completed. Our directors review these charges periodically and adjust them
to enhance our competitiveness under prevailing market conditions. The payment of successful-basis referral fees to our shareholders,
officers, directors and employees is designed to serve as an incentive for them to develop our business with a collective effort.

 Our
estimated costs for the next 12 months will be $400,000. If we fail to raise sufficient capital in the Public Offering, we will have
to explore other financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements
and to make capital investments in connection with ongoing operations. We cannot give assurance that we are able to secure needed capital
to support our day-to-day operations. If we do not have sufficient capital to support our day-to-day operations, our shareholders may
lose their entire investment in us.

 Off-Balance
Sheet Arrangements

 The
Company has no off-balance sheet arrangements.

 Going
Concern Uncertainties

 As
discussed in the notes to financial statements included in this Annual Report, as of June 30, 2024, the Company had $1,493 of cash
all of which will be used to pay the estimate general and administrative expenses to maintain the Company's operation. If the Company
fails to raise sufficient capital in the Public Offering, it will have to explore other financing activities to provide it with the liquidity
and capital resources it needs to meet its working capital requirements and to make capital investments in connection with ongoing operations.
The Company cannot give assurance that it will be able to secure the necessary capital when needed. Consequently, the Company raises
substantial doubt that it will be able to continue operations as a going concern. The Company's ability to continue as a going
concern is dependent upon its generating cash flow sufficient to fund operations and reducing operating expenses. The Company's
business plans may not be successful in addressing the cash flow issues. If the Company cannot continue as a going concern, its shareholders
may lose their entire investment in the Company.

 The
unaudited condensed consolidated financial statements included herein do not include any adjustments to reflect the possible future effects
on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not
being able to continue as a going concern.

 Critical
Accounting Estimates

 Our
financial statements and accompanying notes have been prepared in accordance with GAAP. The preparation of these financial statements
requires management to make estimates, judgments, and assumptions that affect reported amounts of assets, liabilities, revenues and expenses.
We continually evaluate the accounting policies and estimates used to prepare the financial statements. The estimates are based on historical
experience and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from
these estimates made by management. Certain accounting policies that require significant management estimates and are deemed critical
to our results of operations or financial position. Our critical accounting estimates are more fully discussed in Note 3 to our audited
financial statements contained herein.

 ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 Not
applicable because we are a smaller reporting company.

 ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

 Protopia
Global Holdings Inc.

 Financial
Statements

to the Consolidated Financial Statements

 Content

 Page

 Report of Independent Registered Public Accounting Firm (PCAOB ID: 7158)

 Report of Independent Registered Public Accounting Firm (PCAOB ID: 1171)

 Consolidated Balance Sheet as of June 30, 2024 and 2023

 Consolidated Statements of Operations and Comprehensive loss for the Year Ended June 30, 2024 and 2023

 Consolidated Statements of Changes in Stockholders' Equity for the Year Ended June 30, 2024 and 2023

 Consolidated Statements of Cash Flows for the Year Ended June 30, 2024 and 2023

 Notes to Consolidated Financial Statements

 – F-13

 F- 1

 Report
of Independent Registered Public Accounting Firm

 To
the Board of Directors and Stockholders of

Protopia Global Holdings Inc. and Subsidiary

 Opinion
on the Consolidated Financial Statements

 We
have audited the accompanying consolidated balance sheet of Protopia Global Holdings Inc. and Subsidiary (the "Company")
as of June 30, 2024, the related consolidated statements of operations and comprehensive loss, stockholders' deficit, and cash
flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our
opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of
June 30, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with accounting
principles generally accepted in the United States.

 Substantial
Doubt about the Company's Ability to Continue as a Going Concern

 The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 2 to the consolidated financial statements, the Company's significant operating losses raise substantial doubt about its
ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

 Basis
for Opinion

 These
consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion
on the Company's financial statements based on our audit. 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 the Company 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 audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit,
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 Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audit included performing procedures to assess the risks of material misstatement of the 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 audit 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 audit provides a reasonable basis for our opinion.

 Critical
Audit Matters

 The
critical audit matter communicated below is a matter arising from the current period audit of the consolidated 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 consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication
of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are
not, by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or
disclosures to which it relates.

 Going
 Concern – As discussed in Note 2 to the consolidated financial statements,
 the Company has a going concern due to negative working capital and losses from operations
 which raises substantial doubt about its ability to continue as a going concern. Auditing
 management's evaluation of a going concern can be a significant judgment given the
 fact that the Company uses management estimates on future revenues and expenses, which are
 difficult to substantiate. To evaluate the appropriateness of the going concern, we examined
 and evaluated the financial information along with management's plans to mitigate the
 going concern and management's disclosure on going concern.

 /s/
BCRG Group

 BCRG
Group (PCAOB ID 7158)

 We
have served as the Company's auditor since 2024.

 Irvine,
CA

 October
15, 2024

 F- 2

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To:

 The Board of Directors
 and Shareholders of

 Protopia Global Holdings
 Inc.

 Opinion
on the Financial Statements

 We
have audited the accompanying consolidated balance sheet of Protopia Global Holdings Inc. (the "Company") as of June 30,
2023, and the related consolidated statement of operations and comprehensive loss, changes in shareholders' equity, and cash flows
for the period from August 18, 2022 (inception) to June 30, 2023, and the related notes (collectively referred to as the "financial
statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the
Company as of June 30, 2023, and the results of its operations and its cash flows for the period from August 18, 2022 (inception)
to June 30, 2023, in conformity with accounting principles generally accepted in the United States of America.

 Substantial
Doubt about the Company's Ability to Continue as a Going Concern

 The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, the Company has incurred losses during the period from August 18, 2022 (inception) to June 30,
2023 and has an accumulated deficit and net cash used in operating activities that raise substantial doubt about its ability to continue
as a going concern. Management's plan in regard to these matters is described in Note 2 of the financial statements. These financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

 Basis
for Opinion

 These
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's
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 the Company 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 audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit,
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 Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audit included performing procedures to assess the risks of material misstatement of the 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 financial statements. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.

 /s/
WWC, P.C.

 WWC,
P.C.

 Certified
Public Accountants

 PCAOB
ID No. 1171

 We
have served as the Company's auditor since September 8, 2022.

 San
Mateo, California

 September
28, 2023

 F- 3

 PROTOPIA GLOBAL HOLDINGS INC. AND SUBSIDIARY

 CONSOLIDATED BALANCE SHEET

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

 As
 of

 2024

 As
 of

 2023

 ASSETS:

 Current
 assets:

 Cash

 $
 1,493

 $

 Deferred
 offering costs

 129,301

 129,301

 Prepayment

 -

 Total
 current assets

 130,854

 147,299

 Total
 Assets

 $
 130,854

 $
 147,299

 LIABILITIES
 AND SHAREHOLDERS' EQUITY:

 Current
 liabilities:

 Accrued
 expenses

 $
 40,599

 $
 26,844

 Total
 current liabilities

 40,599

 26,844

 Total
 Liabilities

 $
 40,599

 $
 26,844

 Commitments
 and contingencies

 -

 -

 Shareholders'
 Equity:

 Ordinary
 shares, $ 0.00001 par value; 500,000,000 shares authorized; 21,500,000 shares issued and outstanding as of June 30, 2023

 $

 $

 Additional
 paid-in capital

 214,817

 166,168

 Accumulated
 deficit

 ( 124,751
)

)

 Accumulated
 other comprehensive loss

 ( 26
)

 ( 25
)

 Total
 Shareholders' Equity

 $
 90,255

 $
 120,455

 Total
 Liabilities and Shareholders' Equity

 $
 130,854

 $
 147,299

 See accompanying notes to the consolidated financial statements.

 F- 4

 PROTOPIA GLOBAL HOLDINGS INC. AND SUBSIDIARY

 CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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

 From

 July 1, 2023

 to

 2024

 From

 August 18, 2022
 (inception) to

 2023

 Revenue

 $
 -

 $
 10,024

 General
 and administrative expenses

)

 ( 55,927
)

 Loss
 before tax expense

 $
)

 $
)

 Tax
 expense

 -

 -

 Net
 loss

 $
)

 $
)

 Other
 comprehensive loss

 Foreign
 currency translation loss

 $
 ( 26
)

 $
 ( 25
)

 Total
 comprehensive loss

 $
 ( 78,874
)

 $
 ( 45,928
)

 Weighted
 average shares outstanding, basic and diluted

 Basic
 and diluted net loss per ordinary share

 $
 ( 0.00
)

 $
 ( 0.00)

 See accompanying notes to the consolidated financial statements.

 F- 5

 PROTOPIA GLOBAL HOLDINGS INC. AND SUBSIDIARY

 CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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

 Ordinary shares

 Additional

paid-in

 Accumulated

 Accumulated other comprehensive

 Total

shareholders'

 Shares

 Amount

 capital

 deficit

 loss

 equity

 Balance as of August 18, 2022 (inception)

 -

 $
 -

 $
 -

 $
 -

 $
 -

 $
 -

 Issuance of ordinary share for cash

 127,218

 -

 -

 127,433

 Capital contribution from a shareholder

 -

 -

 38,950

 -

 -

 38,950

 Net loss

 -

 -

 -

)

 -

)

 Foreign currency translation

 -

 -

 -

 -

 ( 25
)

 ( 25
)

 Balance as of June 30, 2023

 $

 $
 166,168

 $
)

 $
 ( 25
)

 $
 120,455

 Capital contribution from a shareholder

 -

 -

 48,649

 -

 -

 48,649

 Net loss

 -

 -

 -

)

 -

)

 Foreign currency translation

 -

 -

 -

 -

 ( 1
)

 ( 1
)

 Balance as of June 30, 2024

 $

 $
 214,817

 $
 ( 124,751
)

 $
 ( 26
)

 $
 90,255

 See accompanying notes to the consolidated financial statements.

 F- 6

 PROTOPIA GLOBAL HOLDINGS INC. AND SUBSIDIARY

 CONSOLIDATED STATEMENTS OF CASH FLOWS

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

 From

 July 1, 2023 to

 2024

 From

 August 18, 2022
 (inception) to

 2023

 Cash
 flows from operating activities:

 Net
 loss

 $
)

 $
)

 Adjustments
 to reconcile net loss to net cash used in operating activities

 -

 Changes
 in operating assets and liabilities

 -

 -

 Accrued
 expenses

 13,755

 26,844

 Prepayment

 ( 60
)

 -

 Net
 cash used in operating activities

 ( 65,153
)

 ( 19,059
)

 Cash
 flows from financing activities:

 Proceeds
 from issuance of ordinary shares

 -

 127,433

 Capital
 contribution from a shareholder

 48,649

 38,950

 Deferred
 offering costs

 -

 ( 129,301
)

 Net
 cash from financing activities

 48,649

 37,082

 Effect
 of foreign currency exchange rate changes on cash

 ( 1
)

 ( 25
)

 Net
 change in cash

 ( 16,505
)

 Cash
 – beginning of the period

 -

 Cash
 – end of the period

 $
 1,493

 $

 See accompanying notes to the consolidated financial statements.

 F- 7

 PROTOPIA
GLOBAL HOLDINGS INC. AND SUBSIDIARY

 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

 FOR THE PERIOD FROM JULY 1, 2023 TO JUNE 30, 2024

 1.
 ORGANIZATION AND BUSINESS DESCRIPTION

 Protopia
Global Holdings Inc. (the "Company") was incorporated in the Cayman Islands on August 18, 2022 with the authorized capital
of 500 million shares of ordinary shares, par value of $ 0.00001 per share.

 On
August 26, 2022, Protopia International Company Limited ("Protopia HK"), was incorporated in Hong Kong as the Company's
wholly-owned subsidiary, and its principal activities are to assist small- and medium-sized non-U.S. businesses in accessing international
capital markets through listings on nationally recognized stock exchanges such as the Nasdaq Global Market, the Nasdaq Capital Market,
NYSE American or the OTC Markets Group (OTCQX, OTCQB and Pink).

 The
fiscal year end of the Company is June 30.

 2.
 GOING CONCERN

 As
of June 30, 2024, the Company had $ 1,493 of cash all of which will be used to pay the unpaid amount of the estimate costs of
the Company's Proposed Public Offering discussed in Note 4. If the Company fails to raise sufficient capital in this offering,
it will have to explore other financing activities to provide it with the liquidity and capital resources it needs to meet its
working capital requirements and to make capital investments in connection with ongoing operations. Management anticipates that the
Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to
position itself so that it will be able to raise additional funds through the capital markets. Since the Company cannot give
assurance that it will be able to secure the necessary capital when needed, there is a substantial doubt that the Company will be
able to continue operations as a going concern following the issuance of these financial statements. The financial statements do not
include any adjustments that might result from its inability to consummate the Proposed Public Offering or its inability to continue
as a going concern.

 3.
 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis
of preparation and principles of consolidation

 The
accompanying consolidated financial statements of the Company and its subsidiary are 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"). The accompanying consolidated financial statements reflect all adjustments that management considers necessary
for a fair presentation of the results of operations for the period.

 The
accompanying consolidated financial statements have been prepared on a consolidated basis and reflect the consolidated financial statements
of the Company and Protopia HK. All intercompany transactions and balances are eliminated on consolidation.

 Emerging
growth company

 The
Company is an "emerging growth company", as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart
Our Business Startups Act of 2012 (the "JOBS Act"), and it may take advantage of certain exemptions from various reporting
requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not
being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure
obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding
a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 F- 8

 Further,
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial
accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective
or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting
standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements
that apply to non-emerging growth companies but any such election to optout is irrevocable. The Company has elected not to opt out of
such extended transition period which means that when a standard is issued or revised and it has different application dates for public
or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies
adopt the new or revised standard. This may make comparison of the Company's consolidated financial statements with another public
company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition
period difficult or impossible because of the potential differences in accounting standards used.

 Use
of estimates and assumptions

 The
preparation of consolidated financial statements in conformity with U.S. GAAP 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 of the consolidated
financial statements and the reported amounts of revenues and expenses during the reporting period.

 Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered
in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results
could differ significantly from those estimates.

 Foreign
currency translation

 The
Company's consolidated financial statements are reported in United States dollars ("US$"), the Company's presentation
currency. The functional currency for the Company is US$ and the Company's subsidiary in Hong Kong is Hong Kong dollars ("HK$").
The translation of the functional currencies of its subsidiary into U.S. dollars is performed for balance sheet accounts using the exchange
rates in effect as of the balance sheet date and for revenues and expense accounts using a monthly average exchange rate prevailing during
the respective period. The gains or losses resulting from such translation are reported as currency translation adjustments under other
comprehensive loss under accumulated other comprehensive loss as a separate component of equity.

 Monetary
assets and liabilities of the Company and its subsidiary denominated in currencies other than the functional currency of the Company
and subsidiary are translated into their respective functional currency at the rates of exchange prevailing on the balance sheet date.

 Transactions
of the Company and its subsidiary in currencies other than the Company's and the subsidiary's functional currencies are translated
into the respective functional currencies at the average monthly exchange rate prevailing during the period of the transaction. The gains
or losses resulting from foreign currency transactions are included in the consolidated statements of operation and comprehensive loss.

 The
exchange rates used to translate amounts in HK$ into US$ for the purposes of preparing the consolidated financial statements were as
follows:

 Schedule of exchange rates used to translate amounts

2024

 2023

 Balance sheet items, except for ordinary shares, additional paid-in capital and retained earnings, as of period end

 US$ 1 =HK$ 7.8096

 US$ 1 =HK$ 7.8369

 Amounts included in the statements of operations and cash flows for the period

 US$ 1 =HK$ 7.8210

 US$ 1 =HK$ 7.8329

 F- 9

 Financial
instruments and concentration of credit risk

 Financial
instruments that potentially subject the Company to concentration of credit risk consist of a cash account placed in a financial institution,
through an escrow agent, with high investment grade ratings. As of June 30, 2024, the Company had not experienced losses on this
account and management believes the Company is not exposed to significant risks on such account.

 Fair
value of financial instruments

 The
fair value of the Company's assets and liabilities, which qualify as financial instruments under ASC Topic 825, "Financial
Instruments," approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term
nature.

 Cash
and cash equivalents

 The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had $ 1,493 in cash and no cash equivalents as of June 30, 2024. The Company's cash is held at well capitalized
financial institutions, but they are not Federal Deposit Insurance Corporation insured; however, management does not believe there is
a significant risk of loss.

 Deferred
offering costs

 The
Company complies with the requirements of the ASC 340-10-S99 and SEC Staff Accounting Bulletin ("SAB") Topic 5A -
"Expenses of Offering". Pursuant to ASC 340-10-S99-1, IPO costs directly attributable to an offering of equity
securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in
capital. Deferred offering costs consist of professional and registration fees that are directly related to the Proposed Public
Offering. Should the in-process equity financing be abandoned, the deferred offering costs
will be expensed immediately as a charge to operating expenses in the consolidated statements
of operations and comprehensive loss. As of June 30, 2024 and 2023, the Company has incurred deferred offering costs of
$ 129,301.

 Accrued
expenses

 Accrued
expenses primarily include accrued professional fees.

 Revenue
and expense recognition

 The
Company follows ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company derives revenue principally from providing
corporate advisory services. The Company enters into agreements with customers that create enforceable rights and obligations and for
which it is probable that the Company will collect the consideration to which it will be entitled as services transfer to the customer.
It is customary practice for the Company to have written agreements with its customers and revenue on oral or implied arrangements is
generally not recognized. The Company recognizes revenue based on the consideration specified in the applicable agreement.

 Revenue
from contracts with customers is recognized by: (1) identifying the contract (if any) with a customer; (2) identifying the performance
obligations in the contract (if any); (3) determining the transaction price; (4) allocating the transaction price to each performance
obligation in the contract (if any); and (5) recognizing revenue when each performance obligation is satisfied.

 Generally,
revenue is recognized when the Company has negotiated the terms of the transaction, which includes determining either the overall price,
or the price for each performance obligation in the form of a service, the service has been delivered to the customer, no obligation
is outstanding regarding that service, and the Company is reasonably assured that funds have been or will be collected from the customer.

 F- 10

 The
Company provides consultancy services towards small- and medium-sized non-U.S. businesses for initial public offering process.

 On
September 23, 2022, the Company entered into a service agreement with a customer in South Korea to prepare a registration statement
in connection with a possible self-underwritten initial public offering (the "service agreement"). The Company delivered
the draft of the registration statement to the customer, in accordance with the terms of the service agreement during the period from
August 18, 2022 (inception) to June 30, 2023. The Company recognizes revenue when it satisfies a performance obligation by
providing corporate advisory services to a customer.

 The
Company has no outstanding contracts with any of its customers as of June 30, 2024.

 Income
taxes

 The
Company accounts for income taxes under the FASB Codification Topic 740-10-25 ("ASC 740-10-25"). Under ASC 740-10-25, deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered
or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized as income in
the period included the enactment date.

 There
is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations,
income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company's consolidated financial
statements. The Company's management does not expect that the total amount of unrecognized tax benefits will materially change
over the next twelve months.

 Protopia
HK is incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income derived from its activities conducted
in Hong Kong. The applicable tax rate is 16.5% in Hong Kong. From year of assessment of 2019/2020 onwards, Hong Kong profits tax
rates are 8.25% on assessable profits up to US$256,095 (HK$2,000,000), and 16.5% on any part of assessable profits over US$256,095
(HK$2,000,000).

 Comprehensive
loss

 ASC
Topic 220, "Comprehensive Income", establishes standards for reporting and display of comprehensive loss, its components
and accumulated balances. Comprehensive loss as defined includes all changes in equity during a period from non-owner sources. Accumulated
other comprehensive loss, as presented in the accompanying consolidated statements of changes in shareholders' equity, consists
of changes in unrealized gains and losses on foreign currency translation. This comprehensive loss is not included in the computation
of income tax expense or benefit.

 Commitments
and contingencies

 The
Company follows ASC 450-20, "Loss Contingencies", to report accounting for contingencies. Liabilities for loss contingencies
arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability
has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Legal costs incurred in connection
with such liabilities are expensed as incurred.

 Loss
per share

 Basic
loss per share is computed by dividing loss available to stockholders by the weighted average number of shares outstanding during the
period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number
of additional shares that would have been outstanding if the potential shares had been issued and if the additional shares were diluted.
There were no potentially dilutive securities during the period from July 1, 2023 to June 30, 2024.

 F- 11

 Recently
adopted accounting standards

 Management
does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material
effect on the Company's consolidated financial statements.

 4.
 PROPOSED PUBLIC OFFERING

 Pursuant
to the Proposed Public Offering, the Company will offer 1,000,000 shares of ordinary shares for sale in a primary offering. The offered
shares will be sold on behalf of the Company, on a best effort basis, by the Company's shareholders, officers and directors. There
is no minimum number of shares to be sold up to a maximum of 1,000,000 shares of ordinary shares to be sold.

 5.
 CASH

 Schedule of cash

 As of

 As of

 2024

 2023

 Cash on hand

 $

 $

 Cash at bank account of an escrow agent

 1,110

 17,615

 Total

 $
 1,493

 $

 The
Company has an escrow arrangement with Jimmy Cheung & Co., Certified Public Accountants of Hong Kong, to hold the Company's
money at their bank accounts established specially for their clients. The Company's money is deposited at the Hong Kong and Shanghai
Banking Corporation. Under the escrow arrangement, Jimmy Cheung & Co. Certified Public Accountants can only instruct the bank to
carry out a transaction upon receipt of instructions from the Company.

 6.
 SHARE CAPITAL

 On
August 18, 2022 (date of inception), one share of the Company's ordinary shares was issued at the par value of $0.00001 to
the company-incorporating service provider. This share was immediately transferred to Sin Yi Cheng, the president and director of the
Company. On the same day, Sin Yi Cheng purchased an additional 99,999 shares of the Company's ordinary shares at $ 0.00001 per share.
The monies from the issuance of a total of 100,000 shares of the Company's ordinary shares on August 18, 2022, which totalled
$ 1, went to the Company to be used as initial working capital.

 On
August 20, 2022, the Company sold 3,200,000 shares of its ordinary shares to the other founding shareholders of the Company at $ 0.00001
per share. The monies from this transaction, which totalled $ 32, went to the Company to be used as working capital.

 On
August 23, 2022, the Company sold 18,150,000 shares of its ordinary shares to Sin Yi Cheng and 4 private investors at $ 0.007 per
share. The monies from this transaction, which totalled $ 127,050, went to the Company to be used as working capital.

 On
September 19, 2022, the Company sold 50,000 shares of its ordinary shares to 50 private investors at $ 0.007 per share. The monies
from this transaction, which totalled $ 350, went to the Company to be used as working capital.

 There
have been no other issuances of the Company's ordinary shares.

 As
of June 30, 2024, the Company had 21,500,000 issued and outstanding ordinary shares.

 F- 12

 7.
 CONCENTRATION AND RISKS

 (a)
Concentration

 As
of June 30, 2024, 100 % of the Company's assets were located in Hong Kong.

 (b)
Economics and political risk

 The
Company's major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong,
as well as the general state of Hong Kong's economy may influence the Company's business, financial condition, and results
of operations.

 8.
 SUBSEQUENT EVENTS

 The
Company evaluated subsequent events and transactions that occurred after the balance sheet date of June 30, 2024 and up through
October 15, 2024, the date that the consolidated financial statements were available to be issued. Based upon this
review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated
financial statements.

 F- 13

 ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

 None.

 ITEM 9A.
CONTROLS AND PROCEDURES.

 Our
management has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the "Exchange Act")), as of December 31, 2023. Based on such evaluation,
our Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2024, our disclosure controls and procedures
were ineffective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit
under the Exchange Act (a) is recorded, processed, summarized and reported within the time periods specified by Securities and Exchange
Commission ("SEC") rules and forms and (b) is accumulated and communicated to our management, including our Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding any required disclosure.

 Management
has identified control deficiencies regarding inadequate accounting resources, the lack of segregation of duties and the need for a stronger
internal control environment. Management of the Company believes that these material weaknesses are due to the small size of the Company's
accounting staff. The small size of the Company's accounting outsourced staff may prevent adequate controls in the future due to
the cost/benefit of such remediation.

 To
mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with
the use of external legal and accounting professionals. As we grow, we expect to increase our number of employees, which will enable
us to implement adequate segregation of duties within the internal control framework.

 These
control deficiencies could result in a misstatement of account balances that would result in a reasonable possibility that a material
misstatement to our financial statements may not be prevented or detected on a timely basis. In light of this material weakness, we performed
additional analyses and procedures in order to conclude that our financial statements for the year ended June 30, 2024 included in this
Annual Report on Form 10-K were fairly stated in accordance with GAAP. Accordingly, management believes that despite our material weaknesses,
our financial statements for the year ended June 30, 2024 are fairly stated, in all material respects, in accordance with GAAP.

 Management's
Report on Internal Control Over Financial Reporting

 Our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Securities
Exchange Act of 1934 Rule 13a-15(f). Our internal control over financial reporting is designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures
that:

 pertain
 to the maintenance of records that, in reasonable detail, accurately and fairly reflect the
 transactions and dispositions of our assets;

 provide
 reasonable assurance that transactions are recorded as necessary to permit preparation of
 financial statements in accordance with generally accepted accounting principles, and that
 our receipts and expenditures are being made only in accordance with authorizations of our
 management and directors; and

 provide
 reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
 use or disposition of our assets that could have a material effect on the financial statements.

 Because
of the 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.

 Our
management assessed the effectiveness of our internal control over financial reporting as of June 30, 2024. In making this
assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the 2013 Treadway Commission ("COSO")
in Internal Control-Integrated Framework. Based upon this assessment, our Chief Executive Officer and Chief Financial Officer
concluded that as of June 30, 2024 our internal controls over financial reporting were ineffective.

 Changes
in Internal Control Over Financial Reporting

 There
were no changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 Limitations
on Effectiveness of Controls and Procedures

 In
designing and evaluating the disclosure controls and procedures and internal control over financial reporting, management recognizes
that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired
control objectives. In addition, the design of disclosure controls and procedures and internal control over financial reporting must
reflect the fact that there are resource constraints and that management is required to apply judgment in evaluating the benefits of
possible controls and procedures relative to their costs.

 ITEM 9B.
OTHER INFORMATION.

 Insider
Trading Arrangements and policies

 During the period ended June 30, 2024, no director
or officer of the Company adopted or terminated any contract, instruction or written plan for the purchase or sale of securities of the
registrant intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a "Rule 10b5-1 trading arrangement")
or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) and (c) of Regulation S-K.

 ITEM 9C.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.

 Not

 PART
III

 ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

 Directors
and Executive Officers

 The
following table sets forth information regarding our director and executive officer as of the date of this prospectus.

 Directors
 and Executive Officers

 Age

 Position/Title

 Sin
 Yi Cheng

 President
 and Director

 Ka Ki Wong

 Chief Financial Officer,
 Chief Operating Officer and Director

 The
following are brief biographies of each of our executive officers and directors:

 Sin
Yi Cheng, President and Director,

 Sin
Yi Cheng was appointed as our director on August 18, 2022, and as our President on August 30, 2022. Ms. Cheng has accumulated
over 15 years of experience in business management and finance. Ms. Cheng has served as Chief Financial Officer at Goldman Technology
Holdings Limited since February 2018; she co-founded Road to Greatness Consultancy Company Ltd., a company engaged in career development
trainings, in 2017; she was an Executive Officer of Cherry Body Fashions Manufacturing Limited, handling all operational matters and
external affairs from December 2012 to October 2017, and a wealth and financial planner at MassMutual Asia Ltd. from August 2008
to August 2012. Ms. Cheng obtained a degree of Bachelor of International Hotel & Tourism Management from the International Hotel
Management Institute, Switzerland in December 2004 and a Master of Business Administration from Kurt Bosch University in Switzerland
in July 2008.

 Ms.
Cheng's business management and financial experience led to the conclusion that she should
serve as one of our directors.

 Ka
Ki Wong, Chief Financial Officer, Chief Operating Officer and Director

 Mr.
Wong serves as our Chief Financial Officer, Chief Operating Officer and director since August 30, 2022. Mr. Wong has over 15 years
of experience in corporate management, financial budgeting and risk management, analyzing and managing companies.

 He
has served as a director of Flywheel Financial Strategy (Hong Kong) Company Limited, a Hong Kong financial company, since 2020; he
co-founded Keypoint Group Limited, an educational company in 2019, where he also served as a director until March 2020,
managing e-marketing, management and production of events and developing technology, including VR technology, to be used in
education environment; he was the chief data analyst officer at Road to Greatness Corporation, from April 2017 to
May 2019; and prior to that, from 2007 to 2017, he was a data analyst manager at Wilson Parking Australia. Mr. Wong obtained
his Bachelor of Computer Science and Technology in 2005 from University of Sydney, Australia.

 Mr.
Wang's extensive experience in corporate management, financial budgeting and risk management led
to the conclusion that he should serve as one of our directors.

 Terms
of Directors and Officers

 The
directors of the Company may be elected by a resolution of our board of directors, or by an ordinary resolution of our shareholders.
The directors are not subject to a term of office and hold office until such time as they are removed from office by ordinary resolution
of the shareholders. A director will cease to be a director if, among other things, the director (i) becomes bankrupt or makes any arrangement
or composition with his creditors; (ii) dies or is found by our company to be or becomes of unsound mind, (iii) resigns his office by
notice in writing to the company, or (iv) without special leave of absence from our board, is absent from three consecutive board meetings
and our directors resolve that his office be vacated, or (v) is removed from office by ordinary resolution, or pursuant to any other
provisions of our articles of association.

 A
director is not required to hold any shares in our company to qualify to serve as a director. A director who is in any way, whether directly
or indirectly, interested in a contract or transaction or proposed contract or transaction with our company is required to declare the
nature of his interest at a meeting of our directors. A director may vote with respect to any contract or transaction or proposed contract
or transaction notwithstanding that he may be interested therein, and if he does so his vote shall be counted and he may be counted in
the quorum at any meeting of our directors at which any such contract or transaction is considered. Our directors may exercise all the
powers of our company to borrow money, mortgage or charge its undertaking, property and uncalled capital and to issue debentures or other
securities whenever money is borrowed or as security for any debt, liability or obligation of our company or of any third party.

 Our
officers are elected by and serve at the discretion of the board of directors. Our directors are not subject to a term of office and
hold office until their resignation, death or incapacity, or until their respective successors have been elected and qualified or until
his or her office is otherwise vacated in accordance with our articles of association.

 Family
Relationships

 There
are no family relationships among our directors or executive officers and the Company.

 Involvement
in Certain Legal Proceedings

 During
the past ten years, none of our current directors, executive officers, promoters, control persons, or nominees has been:

 the
subject of any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either
at the time of the bankruptcy or within two years prior to that time;

 convicted in a criminal
 proceeding or is subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 subject to any order, judgment,
 or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or any Federal or State authority,
 permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities
 or banking activities;

 found by a court of competent
 jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state
 securities or commodities law.

 the subject of, or a party
 to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or
 vacated, relating to an alleged violation of (a) any Federal or State securities or commodities law or regulation; (b) any law or
 regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction,
 order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition
 order; or (c) any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

 the subject of, or a party
 to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26)
 of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange
 Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its
 members or persons associated with a member.

 Compliance
with Section 16(a) of the Exchange Act

 Not

 Code
of Business Conduct and Ethics

 On
November 22, 2022, we adopted a Code of Business Conduct and Ethics that applies to our officers, directors and employees. The Code
of Business Conduct and Ethics is attached as Exhibit 14.1 to the Form S-1 registration statement filed with the Commission on January 20,
2023, and is incorporated by reference hereto.

 Committees
of the Board of Directors

 The
Company does not currently have, and does not currently intend to establish, any committees of the Board of Directors.

 ITEM 11.
EXECUTIVE COMPENSATION.

 Executive
Compensation

 No
executive compensation was paid during the fiscal year period ended June 30, 2024. Our Board of
Directors does not currently receive any consideration for their services as members of the Board of Directors. The Board of Directors
reserves the right in the future to award our executives or the members of the Board of Directors cash or stock-based consideration for
their services to the Company, which awards, if granted shall be in the sole determination of the Board of Directors.

 Outstanding
Equity Awards at Fiscal Year-End

 We
had no outstanding equity awards at the year ended June 30, 2024.

 Potential
Payments Upon Termination or Change-of-Control

 None
of our named executive officers or directors are entitled to any payments upon termination or change-of-control.

 Retirement
or Similar Benefit Plans

 There
are no arrangements or plans in which we provide retirement or similar benefits for our directors or executive officers.

 Employment
Agreements

 We
have no employment agreements with any of our named executive officers or directors.

 Compensation
Committee Interlocks and Insider Participation

 The
Company does not currently have, and does not currently intend to establish, a Compensation Committee of the Board of Directors.

 Compensation
Committee Report

 Not

 Compensation Clawback Disclosures

 None.

 ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 The
following table sets forth, as of the date of this prospectus, the beneficial ownership of our Ordinary Shares by each executive officer
and director, by each person known by us to beneficially own more than 5% of our Ordinary Shares and by the executive officers and directors
as a group. As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting
of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition
of, a security). In addition, for purposes of this table, a person is deemed, as of any date, to have "beneficial ownership"
of any security that such person has the right to acquire within 60 days after such date.

 The
persons named above have full voting and investment power with respect to the Ordinary Shares indicated. Under the rules of the Commission,
a person (or group of persons) is deemed to be a "beneficial owner" of a security if he or she, directly or indirectly, has
or shares the power to vote or to direct the voting of such security, or the power to dispose of or to direct the disposition of such
security. Accordingly, more than one person may be deemed to be a beneficial owner of the same security. A person is also deemed to be
a beneficial owner of any security, which that person has the right to acquire within 60 days, such as options or warrants to purchase
our Ordinary Shares.

 All
of our shareholders, including the shareholders listed below, have the same voting rights attached to their Ordinary Shares. See our
Articles of Association of the Company attached as Exhibit 3.1 to the Form S-1 registration statement
filed with the Commission on January 20, 2023 and is incorporated by reference hereto.

 None
of our principal shareholders or our director and executive officers have different or special voting rights with respect to their Ordinary
Shares.

 Except
as otherwise indicated, all shares are owned directly and the percentage shown is based on 21,500,000 Ordinary Shares issued and outstanding.
We do not have any outstanding options, warrants or other securities exercisable for or convertible into shares of our Ordinary Shares.

 Title of Class

 Name of Beneficial Owner

 Ordinary

Shares
 Beneficially
 Owned

Prior to this
 Offering

 Percent of
Class

 5%
 or more beneficial owners (Ordinary Shares)

 So Ha Tsang (3)

 2,000,000

 9.30
 %

 Tak Seng Tam (4)

 1,800,000

 8.37
 %

 Kai Shun Kwong (5)

 1,200,000

 5.58
 %

 Yiu Chung Ho (6)

 1,100,000

 5.12
 %

 Current Executive
 Officers and Directors (Ordinary
 Shares)

 Sin Yi CHENG (1)

 12,100,000

 56.28
 %

 Ka Ki WONG (2)

 2,200,000

 10.23
 %

 Officers and Director
 as a Group (Ordinary
 Shares)

 14,300,000

 66.51
 %

 (1)

 The address of Sin Yi Cheng is 18 8 Wang Sin House, Cheung Wang Estate, Tsing Yi Central, New Territories, Hong Kong

 (2)

 The address of Ka Ki Wong is Room 3222, Shin Lai House, Tseung Kwan O, New Territories, Hong Kong

 (3)

 The address of So Ha Tsang is 19D, Block 7, Tsui Chuk Garden, Wong Tai Sin, Kowloon, Hong Kong

 (4)

 The address of Tak Seng Tam is Flat E, 25/F, Block 4, Tsing Yi Garden, Tsing Yi, New Territories, Hong Kong

 (5)

 The address of Kai Shun Kwong is Room 2302, 23/F, Block L, Luk Yeung Sun Chuen, 22 Wai Tsuen Road, Tsuen Wan, New Territories, Hong Kong

 (6)

 The address of Yiu Chung Ho is Flat 3D, Hua Fung Mansion, 7-9A Tin Heung Street, Kwun Tong, Kowloon, Hong Kong

 As
of the date of this prospectus, none of our outstanding Ordinary Shares are held by record holders in the United States. We are not aware
of any arrangement that may result in a change of control of the Company at a subsequent date.

 Outstanding
Equity Awards at Fiscal Year-End

 We
had no outstanding equity compensation plans or equity awards at the year ended June 30, 2024.

 ITEM 13.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

 Related
Party Transactions

 For the fiscal year ended June 30, 2024, there
have been no transactions to which the Company was a party in which the amount involved exceeded or will exceed $120,000, and in which
any of our executive officers, directors or holders of more than 5% of any class of our voting securities, or an affiliate or immediate
family member thereof, had or will have a direct or indirect material interest.

 Office
Space and Equipment

 We
utilize the office space and equipment of Flywheel at no cost with Flywheel's permission. Ka Ki Wong, our director, Chief Financial
Officer and Chief Operating Officer, who is also a director of Flywheel.

 Director
Independence

 We
are not listed on any exchange that requires directors to be independent. We have not:

 Established
 our own definition for determining whether our directors or nominees for directors are "independent,"
 nor have we adopted any other standard of independence employed by any national securities
 exchange or inter-dealer quotation system, though our current directors would not be deemed
 to be "independent" under any applicable definition given that they are officers
 of the Company; nor

 Established
 any committees of our Board of Directors.

 ITEM 14.
PRINCIPAL ACCOUNTANT FEES AND SERVICES.

 Below
is the approximate aggregate amount of fees billed for professional services rendered by our principal accountants with respect
to the period from August 18, 2022 (inception) to June 30, 2024.

 BCRG Group

 As of

 2024

 Audit fees

 $
 15,000

 Audit-related fees

 $
 -

 Tax fees

 $
 -

 All other fees

 $
 -

 Total

 $
 15,000

 Audit
Fees. These fees were comprised of (i) professional services rendered in connection with the audit of our consolidated financial
statements for our Annual Report on Form 10-K, (ii) the review of our quarterly consolidated financial statements for our quarterly
reports on Form 10-Q, (iii) audit services provided in connection with other regulatory or statutory filings, if any.

 Audit-Related
Fees. These fees were comprised of fees related to the consent relates to our Form S-1 filings.

 Tax
Fees. These fees relate to our tax compliance and tax advisory projects, if any.

 All
Other Fees. These fees were comprised of assistance in preparation of our periodical reports to the Company, if any.

 Pre-Approval
Policies and Procedures

 Currently,
we do not have a separately designed audit committee. Instead, our entire board of directors performs those functions. Accordingly, our
board of directors was responsible for pre-approving all services provided by our independent registered public accounting firm. The
above fees were reviewed and approved by our board of directors before the services were rendered.

 PART
IV

 ITEM 15.
EXHIBIT AND FINANCIAL STATEMENT SCHEDULES.

 (a)
 List
the following documents filed as a part of the report:

 (1)
 Our
financial statements are listed in the index under Item 8 of this document; and

 (2)
 Any
 financial statement schedules omitted because they are not applicable, not material or the
 required information are shown in the financial statements or notes thereto.

 (b)
 Exhibits
 required by Item 601 of Regulation S-K.

 Exhibit
 No.

 Description

 3.1

 Articles
 of Association of Protopia Global Holdings Inc. (incorporated by reference to Exhibit 3.1 to form S-1 Registration Statement filed
 on January 20, 2023) *

 3.2

 Memorandum
 of Association of Protopia Global Holdings Inc. (incorporated by reference to Exhibit 3.2 to form S-1 Registration Statement filed
 on January 20, 2023) *

 10.1

 Professional
 services agreement between Protopia International Company Limited and Bosung Meditech Co., Ltd. (incorporated by reference to Exhibit
 10.1 to form S-1 Registration Statement filed on January 20, 2023) *

 14.1

 Code
 of Business Conduct and Ethics of the Registrant (incorporated by reference to Exhibit 14.1 to form S-1 Registration Statement filed
 on January 20, 2023) *

 21.1

 List
 of Subsidiaries of the Company (incorporated by reference to Exhibit 21.1 to form S-1 Registration Statement filed on January 20,
 2023) *

 23.1

 Consent of WCC, P.C., Independent Registered Public Accounting Firm **

 31.1

 Certification
 of the Company's Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 **

 31.2

 Certification
 of the Company's Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 **

 32.1

 Certification of the Company's Principal Executive Officer Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 **

 32.2

 Certification of the Company's Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 **

 101.INS

 Instance Document ***

 101.SCH

 Taxonomy Extension Schema ***

 101.CAL

 Taxonomy Extension Calculation Linkbase ***

 101.DEF

 Taxonomy Extension Definition Linkbase ***

 101.LAB

 Taxonomy Extension Label Linkbase ***

 101.PRE

 Taxonomy Extension Presentation Linkbase ***

 *
 Incorporated
by reference to Registration Statement on Form S-1 filed January 20, 2023.

 **
 Filed
herewith.

 ***
 In accordance with
shall be deemed "furnished" and not "filed".

 Item 16.
Form 10–K Summary.

 Not

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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.

 Protopia
Global Holdings Inc.

 By:
 /s/ Sin Yi Cheng

 Sin Yi Cheng

 President and Director

 Dated: October 15, 2024

 Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

 Name

 Title

 Date

 /s/
 Sin Yi Cheng

 (Principal
 Executive Officer)

 October 15,
 2024

 /s/
 Ka Ki Wong

 (Principal
 Financial and Accounting Officer)

 October 15,
 2024