Formulario 10-Q DBUB GROUP, INC Para: 30 de septiembre


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VALORES DE ESTADOS UNIDOS
Y COMISIÓN DE INTERCAMBIO

Washington,
D.C.20549

FORMULARIO 10-Q

Mark One


INFORME TRIMESTRAL SEGÚN LA SECCIÓN 13 O 15 (d) DE LA LEY DE CAMBIO DE VALORES DE 1934

Para el trimestral
período terminado el 30 de septiembre de 2019

o


INFORME DE TRANSICIÓN DE ACUERDO CON LA SECCIÓN 13 O 15 (d) DE LA LEY DE INTERCAMBIO DE VALORES DE 1934

Para la transición
período de ______ a _______

COMISIÓN
ARCHIVO NO. 000-28767

DBUB
    GROUP, INC.
(Exacto
    nombre del registrante como se especifica en su carta)

Nevada 88-0403070
(Estado u otra jurisdicción de incorporación) (Número de identificación del empleador del IRS)

108 ShangCheng
Road, Suite 2-2204

Pudong
Nuevo distrito, Shanghai, China 200120

(Dirección del director
Oficinas ejecutivas)

+086-156-18521412

N / A

(Nombre anterior,
dirección anterior y año fiscal anterior, si ha cambiado desde el último informe)

Valores registrados
De conformidad con la Sección 12 (b) de la Ley:

Título
    de cada clase
Comercio
    Símbolo (s)
Nombre
    de cada intercambio en el que se registró
N / A

Indicar por
marque si el solicitante de registro (1) ha presentado todos los informes que debe presentar la Sección 13 o 15 (d) de la Bolsa de Valores
Ley de 1934 durante los 12 meses anteriores (o por un período tan corto que se requirió que el solicitante de registro presente dichos informes),
y (2) ha estado sujeto a dichos requisitos de presentación durante los últimos 90 días.

si
No

Indicar por
marque si el solicitante de registro ha enviado electrónicamente todos los archivos de datos interactivos que deben presentarse de conformidad con
La Regla 405 del Reglamento S-T (§232.405 de este capítulo) durante los 12 meses anteriores (o por un período tan corto que el
se requirió que el registrante presentara y publicara dichos archivos).

si
No

Indicar por
marque si el solicitante de registro es un archivador acelerado grande, un archivador acelerado, un archivador no acelerado, un informe más pequeño
empresa, o una empresa de crecimiento emergente. Consulte las definiciones de "archivador acelerado grande", "archivador acelerado"
"Empresa de informes más pequeña" y "empresa de crecimiento emergente" en la Regla 12b-2 de la Ley de Intercambio.

Filer acelerado grande Archivador acelerado
Archivador no acelerado Empresa de informes más pequeña
Empresa de crecimiento emergente

Si un emergente
compañía de crecimiento, indique con una marca de verificación si el solicitante de registro ha elegido no utilizar el período de transición extendido para cumplir con
cualquier estándar de contabilidad financiera nuevo o revisado provisto de conformidad con la Sección 13 (a) de la Ley de Intercambio.

Indicar por
marque si el solicitante de registro es una empresa fantasma (como se define en la Regla 12b-2 de la Ley de Intercambio).

si
No

A partir de noviembre
14, 2019, había 20,965,106 acciones comunes, $ 0.001 valor nominal, emitidas y en circulación.

TABLA DE CONTENIDO

Página
Número
PARTE
    YO.
ARTICULO
    1)
Financiero
    Declaraciones (sin auditar)
2
ARTICULO
    2)
De la gerencia
    Discusión y Análisis de Condición Financiera y Resultados de Operaciones
19
ARTICULO
    3)
Cuantitativo
    y divulgaciones cualitativas sobre el riesgo de mercado
24
ARTICULO
    4)
Controles
    y procedimientos
24
PARTE
    II
ARTICULO
    1)
Legal
    Actas
25
ARTICULO
    1A.
Riesgo
    Factores
25
ARTICULO
    2)
No registrado
    Venta de valores de renta variable y uso de los ingresos
25
ARTICULO
    3)
Valores predeterminados
    Sobre Valores Senior.
25
ARTICULO
    4)
Mía
    Divulgaciones de seguridad.
25
ARTICULO
    5)
Otro
    Información.
25
ARTICULO
    6)
Exhibiciones 26
Firmas 27

DBUB
    GRUPO, INC. Y SUBSIDIARIAS
CONSOLIDADO
    BALANZAS

SEPTIEMBRE
                                         30,

2019

DICIEMBRE
                                         31,

2018

(NO AUDITADO)
BIENES
ACTIVOS CIRCULANTES
Efectivo
    y equivalentes
PS 1,558,935 PS 1,554,049
Otro
    cuentas por cobrar
7.114 305,523
Pagado por adelantado
    gastos
81,607 341,089
Depósitos 325 606,336
Avanzar
    a la parte relacionada
221,154 33,693
Total
    activos circulantes
1,869,135 2,840,690
ACTIVOS NO CORRIENTES
Fijo
    activos netos
240,829 108,006
Intangible
    activos netos
114,722 20,354
Total
    activos no corrientes
355,551 128,360
TOTAL
    BIENES
PS 2,224,686 PS 2.969.050
PASIVO
    Y DÉFICIT DE ACCIONISTAS
PASIVO CIRCULANTE
Cuentas
    pagadero
PS PS 11,837
Avanzar
    de clientes
4,362
Acumulado
    gastos y otras cuentas por pagar
257,266 402,976
Ingresos
    impuesto por pagar
91 91 990
Avanzar
    de partes relacionadas
4,261,090 3,231,871
Total
    pasivo
4,518,447 3,652,036
DÉFICIT DE ACCIONISTAS
Común
    acciones, valor nominal de $ 0.001, 50,000,000 acciones autorizadas, 20,965,106 y 20,935,106 acciones emitidas y en circulación a septiembre
    30, 2019 y 31 de diciembre de 2018, respectivamente
20,965 20,935
Adicional
    pagado en capital
29,147,316 29,145,246
Otro
    resultado integral acumulado
82,943 22,939
Acumulado
    déficit
(31,544,985 ) (29,872,106 )
Total
    déficit de accionistas
(2,293,761 ) (682,986 )
TOTAL
    PASIVO Y DÉFICIT DE ACCIONISTAS
PS 2,224,686 PS 2.969.050

Ver
notas adjuntas a los estados financieros.

DBUB
    GRUPO, INC. Y SUBSIDIARIAS
CONSOLIDADO
    ESTADOS DE OPERACIONES E INGRESOS INTEGRALES (PÉRDIDAS)
(NO AUDITADO)
NUEVE
    MESES TERMINADOS EL 30 DE SEPTIEMBRE
TRES
    MESES TERMINADOS EL 30 DE SEPTIEMBRE
2019 2018 2019 2018
Ingresos PS
PS
PS
PS
Costo de los ingresos



Bruto
    lucro
General
    y gastos administrativos
1.322.806 338,180 682,949 201,689
Pérdida
    de operaciones
(1.322.806 ) (338,180 ) (682,949 ) (201,689 )
Otro
    gastos (ingresos)
Interesar
    ingresos
637 617 234 617
Interesar
    gastos
(449,981 ) (189,099 )
Banco
    cargar
(3,415 ) (620 )
Otro
    ingresos
102,686 813 54,817 1,193
Total
    otros ingresos (gastos), neto
(350,073 ) 1,430 (134,668 ) 1,810
Pérdida
    de continuar las operaciones antes de impuestos
(1,672,879 ) (336,750 ) (817,617 ) (199,879 )
Ingresos
    impuesto
Pérdida
    de operaciones continuas
(1,672,879 ) (336,750 ) (817,617 ) (199,879 )
Pérdida
    de operaciones de entidades descontinuadas, neto de impuesto sobre la renta
Ganancia
    por disposición de operaciones discontinuadas, neto de impuestos a la renta
3.855.189
Red
    ingresos (pérdidas) incluyendo intereses no controlados
(1,672,879 ) 3,518,439 (817,617 ) (199,879 )
Red
    pérdida atribuible a una participación no controladora
(39,923 )
Red
    ingresos (pérdidas) atribuibles al Grupo DBUB
(1,672,879 ) 3,558,362 (817,617 ) (199,879 )
Otro
    artículos integrales:
Exterior
    ingresos por conversión de divisas atribuibles al Grupo DBUB
60,004 13,229 59,360 12,922
Exterior
    pérdida de conversión de moneda atribuible a intereses no controlados
Exhaustivo
    ingresos (pérdidas) atribuibles al Grupo DBUB
PS (1,612,875 ) PS 3,571,591 PS (758,257 ) PS (186,957 )
Exhaustivo
    pérdida atribuible a una participación no controladora
PS PS (39,923 ) PS PS
Básico
    e ingresos (pérdidas) diluidos por acción:
Continuo
    operaciones
PS (0.08 ) PS (0.02 ) PS (0.04 ) PS (0.01 )
Interrumpido
    operaciones
PS PS 0.24 PS PS
Red
    ingreso (pérdida) por acción
PS (0.08 ) PS 0,22 PS (0.04 ) PS (0.01 )
Promedio ponderado de acciones
    excepcional:
Básico
    y diluido
20,945,875 16,213,976 20,965,106 20,036,736

Ver
notas adjuntas a los estados financieros.

DBUB GROUP INC. Y SUBSIDIARIAS
DECLARACIONES DE CAMBIOS CONSOLIDADAS EN EL DÉFICIT DE ACCIONISTAS
POR LOS NUEVE Y TRES MESES TERMINADOS EL 30 DE SEPTIEMBRE DE 2019 Y 2018 (NO AUDITADOS)
Acciones Comunes
Comparte Cantidad Pago adicional en capital Suscripción por cobrar Reserva estatutaria Otro integral
    Ingresos
Déficit acumulado Total Interes no controlado
Saldo al 1 de enero de 2019 20,935,106 PS 20,935 PS 29,145,246 PS PS PS 22,939 PS (29,872,106 ) PS (682,986 ) PS
Ajustes de conversión de moneda extranjera (11,252 ) (11,252 )
Pérdida neta para el trimestre (399,765 ) (399,765 )
Saldo al 31 de marzo de 2019 20,935,106 20,935 29,145,246 11,687 (30,271,871 ) (1,094,003 )
Ajustes de conversión de moneda extranjera 11,896 11,896
Pérdida neta para el trimestre (455,497 ) (455,497 )
Saldo al 30 de junio de 2019 20,935,106 20,935 29,145,246 23,583 (30,727,368 ) (1,537,604 )
Emisión de acciones comunes 30,000 30 2,070 2,100
Ajustes de conversión de moneda extranjera
Pérdida neta para el trimestre 59,360 (817,617 ) (758,257 )
Saldo al 30 de septiembre de 2019 20,965,106 PS 20,965 PS 29,147,316 PS PS PS 82,943 PS (31,544,985 ) PS (2,293,761 ) PS
Saldo al 1 de enero de 2018 11,267,918 11,268 28,443,515 (50,000 ) 11,542,623 7,953,635 (51,980,658 ) (4,079,617 ) (76,067 )
Ajustes de conversión de moneda extranjera (161,882 (161,882 ) (5,232 )
Conversión de préstamo en acciones 717,887 717,887
Pérdida neta para el trimestre (194,550 ) (194,550 ) (25,122 )
Saldo al 31 de marzo de 2018 11,267,918 11,268 29,161,402 (50,000 ) 11,542,623 7.791.753 (52,175,208 ) (3.718.162 ) (106,421 )
Disposición de subsidiaria 50,000 (11,542,623 ) (8.036.299 ) 19,271,533 (257,389 ) 106,421
Ajustes de conversión de moneda extranjera 244,853 244,853
Conversión de préstamo en acciones 10,255,522 10,255 (10,255 )
Canje de acciones para la disposición de filiales de la RPC
    al ex CEO
(1,738,334 ) (1,738 ) (311,162 ) (312,900 )
Pérdida neta para el trimestre 3,952,610 3,952,610
Saldo al 30 de junio de 2018 19,785,106 19,785 28,839,985 307 (28,951,065 ) (90,988 )
Emisión de acciones comunes 1,150,000 1,150 297,850 299,000
Ajustes de conversión de moneda extranjera 12,922 12,922
Pérdida neta para el trimestre (199,879 ) (199,879 )
Saldo al 30 de septiembre de 2018 20,935,106 PS 20,935 PS 29,137,835 PS PS PS 13,229 PS (29,150,944 ) PS 21,055 PS

Ver
notas adjuntas a los estados financieros.

DBUB
    GRUPO, INC. Y SUBSIDIARIAS
CONSOLIDADO
    ESTADOS DE FLUJOS DE EFECTIVO
(NO AUDITADO)
NUEVE
    MESES TERMINADOS EL 30 DE SEPTIEMBRE
2019 2018
FLUJOS DE EFECTIVO DE LA OPERACIÓN
    OCUPACIONES:
Red
    ingresos (pérdidas) incluyendo intereses no controlados
PS (1,672,879 ) PS 3,518,439
Ajustes
    para conciliar los ingresos (pérdidas) netas, incluidos los intereses no controladores con el efectivo neto proporcionado por las actividades operativas:
Valores
    compensación basada
119,000 119,000
Depreciación
    y amortización
45,446 37,991
Red
    ganancia por disposición de operaciones discontinuadas
(4,076,277 )
Cambios
    en activos y pasivos:
Otro
    cuentas por cobrar
294,911 (2,893,359 )
Pagado por adelantado
    gastos y depósitos
599,286 (808,430 )
Avanzar
    a proveedores
4.200 (81,409 )
Cambio
    en activos de operaciones discontinuadas
269,147
Cuentas
    pagadero
(11,864 )
Acumulado
    gastos y otras cuentas por pagar
(199,242 ) 258,628
Avanzar
    de clientes
(4,372 )
Ingresos
    impuesto por pagar
(898 ) 40
Cambio
    en pasivos de operaciones discontinuadas
787,946
Red
    efectivo utilizado en actividades operativas
(826,412 ) (2,868,284 )
EFECTIVO
    FLUJOS DE ACTIVIDADES DE INVERSIÓN:
Compra
    de propiedad y equipo
(165,250 ) (106,230 )
Compra
    de propiedad y equipo – operaciones discontinuadas
(4,967 )
Pago
    para activos intangibles
(82,901 )
Red
    efectivo utilizado en actividades de inversión
(165,250 ) (194,098 )
FLUJOS DE EFECTIVO DEL FINANCIAMIENTO
    OCUPACIONES:
Reembolso
    de préstamos a corto plazo – operaciones discontinuadas
(29,369 )
Producto
    de acciones ordinarias y suscripción de warrants
2,100 299,000
Avanzar
    de partes relacionadas
5.232.782 4.900.127
Reembolso
    to related parties
(4,535,499 )
Interest
    accrued on advance from related parties
446,251
Repayment
    to unrelated parties
(104,913 )
Changes
    in advance from / to related parties – discontinued operations
(841,690 )
Net
    cash provided by financing activities
1,040,721 4,328,068
EFFECT
    OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS
(44,173 ) 29,413
NET
    INCREASE IN CASH AND EQUIVALENTS
4,886 1,295,099
EFECTIVO
    AND EQUIVALENTS, BEGINNING OF PERIOD
1,554,049 23,048
EFECTIVO
    AND EQUIVALENTS, END OF PERIOD
$ 1,558,935 $ 1,318,147
Supplemental disclosure
    of cash flow information:
Ingresos
    taxes paid
$ $
Interest
    paid
$ 183,221 $ 79,204

Ver
accompanying notes to financial statements.

PART
I – FINANCIAL INFORMATION

ITEM
1. FINANCIAL STATEMENTS

DBUB
GROUP, INC. AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER
30, 2019 (UNAUDITED) AND DECEMBER 31, 2018

Nota
1 – ORGANIZATION

DBUB
Group, Inc. (the “Company” or “DBUB”) is a Nevada corporation, organized August 20, 1998 under the name
Editworks Ltd. The Company changed its name several times since incorporation. On December 21, 2012, the Company changed its name
to Yosen Group, Inc. On September 5, 2018, the Company changed its name to DBUB Group Inc. pursuant to a merger of the Company
with its wholly-owned subsidiary, DBUB Group Inc., a Nevada corporation.

los
Company’s former business was conducted through Capital Future Developments Limited (“Capital”). On May
22, 2018, the Company transferred its equity in Capital (and its affiliates) to its former Chief Executive Officer for his
return of 1,738,334 shares of the Company’s common stock, which were acquired by him pursuant to an agreement dated March
29, 2018.  The 1,738,334 shares of common stock were cancelled on May 22, 2018. The transfer of equity in Capital included
Capital’s subsidiaries and Capital’s equity interest in its affiliates. The Company’s former business was treated
as discontinued.

On
February 6, 2018, the Company established a wholly owned subsidiary in British Virgin Islands, DB-Link Ltd (“DB-Link”),
which is a holding company. On June 12, 2018, the Company established a wholly owned subsidiary DBUB PTE. LTD (“DBUB Pte”)
in Singapore. On August 30, 2018, the Company established a wholly foreign owned subsidiary Huantai (Shanghai) Catering Management
Co, Ltd. (“Huantai”) in the People’s Republic of China (“PRC”). The Company currently provides restaurants
operation and management services through DBUB Pte and Huantai. The Company also plans to provide catering technology and management
services for upscale restaurants and other luxury catering facilities, which include, without limitation, IT solutions to customer
information programs, general marketing solutions, and IT solutions to logistics management.

ORGANIZATIONAL
CHART

los
Company’s corporate structure as of September 30, 2019 is as follows:

Nota
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

los
consolidated financial statements (“CFS”) were prepared in accordance with accounting principles generally accepted
in the United States of America (“US GAAP”).

los
consolidated interim financial information as of September 30, 2019 and for the nine and three month periods ended September 30,
2019 and 2018 was prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures,
which are normally included in CFS prepared in accordance with US GAAP were not included. The interim consolidated financial information
should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2018, previously filed with the SEC on April 16, 2019. In the opinion of management,
all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated
financial position as of September 30, 2019, results of operations for the nine and three months ended September 30, 2019 and
2018, and cash flows for the nine months ended September 30, 2019 and 2018, as applicable, were made. The interim results of operations
are not necessarily indicative of the operating results for the full fiscal year or any future periods.

los
parent company has no operations. Its main activities are incurring expenses arising from its status as a public company in the
US.

Going
Concern

los
accompanying CFS were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. For the nine months ended September 30, 2019, the Company had a net loss of $1.67
million. The Company has an accumulated deficit of $31.54 million as of September 30, 2019. There can be no assurance that the
Company will become profitable or obtain necessary financing for its business or that it will be able to continue in business.
As of September 30, 2019, related parties, including the Company’s chief executive officer, made advances to the Company
of $4.26 million. These issues raise substantial doubt regarding the Company’s ability to continue as a going concern.

En
addition to develop the current restaurant operation business, the Company also seeks additional potential assets, properties
or businesses to acquire, in a business combination, by reorganization, merger or acquisition.  Our plan of operation for
the next 12 months is to: (i) determine which industries in which the Company may have an interest other than the current restaurant
industry; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) commence operations
through funding a start-up enterprise and/or acquiring an existing business or entering into a business combination with a “going
concern” engaged in any industry selected.  The Company is unable to predict when and if it may actually participate
in any specific business endeavor, and the Company will be unable to do so until it determines the particular industry in which
the Company may conduct business operations.

Principles
of Consolidation

los
CFS include the accounts of the Company and its subsidiaries, DB-Link, DBUB Pte and Huantai. All material intercompany accounts,
transactions, balances and profits were eliminated in consolidation.

Currency
Translation

los
reporting currency of the Company is the US dollar. The accounts of Huantai were maintained, and its financial statements were
expressed RMB and the accounts of DBUB Pte Singapore dollars (SGD), which are the respective functional currency of the subsidiaries.
The Company’s financial statements were translated into US dollars in accordance with FASB ASC Topic 830-10, ”Foreign
Currency Translation,”
with the RMB and SGD as the functional currency. According to FASB ASC Topic 830-10, assets
and liabilities were translated at the balance sheet date exchange rate, stockholders’ equity is translated at the
historical rates and income statement items are translated at the average exchange rate for the periods. The resulting translation
adjustments are reported as other comprehensive income in accordance with FASB ASC Topic 220, ”Reporting Comprehensive
Income,”
as a component of shareholders’ equity. Transaction gains and losses are reflected in the consolidated
statements of operations and comprehensive loss.

los
impact of foreign translation from our accounts in RMB and SGD to US dollars on the Company’s operating results was not
material for the nine and three months ended September 30, 2019 and 2018.

Nueve
    Months Ended September 30,
2019 2018
RMB
    to USD exchange rate at period end
0.1399 0.1456
Average
    RMB to USD exchange rate for the period
0.1457 0.1535

Nueve
    Months Ended September 30,
2019 2018
SGD
    to USD exchange rate at period end
0.7231 0.7316
Average
    SGD to USD exchange rate for the period
0.7329 0.7460

Transaction
gains or losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency
were included in the consolidated Statements of Operations and Comprehensive Loss. As a result of the translation, the Company
recorded foreign currency translation income of $60,004 and $13,229 for the nine months ended September 30, 2019 and 2018. As
a result of the translation, the Company recorded foreign currency income of $59,360 and $12,922 for the three months ended September
30, 2019 and 2018.

Use
of Estimates

los
preparation of financial statements in conformity with US 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 financial
statements and the reported amounts of revenues and expenses during the reporting period. These significant accounting estimates
or assumptions bear the risk of change because there are uncertainties attached to these estimates or assumptions, and certain
estimates or assumptions are difficult to measure or value.

administración
bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the
financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates
the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and
circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates
are adjusted accordingly.  Actual results could differ from those estimates.

Risks
and Uncertainties

los
Company is subject to risks from, among other things, intense competition associated with the industry in general, other risks
associated with financing, liquidity requirements, rapidly changing customer tastes and requirements, limited operating history,
foreign currency exchange rates and the volatility of public markets as well as other risks associated with the restaurant operation
and management, information technology, and other related industries.

En
addition, the Company’s operations are in the PRC and Singapore. Accordingly, the Company’s business, financial condition
and results of operations may be influenced by the political, economic and legal environments in the PRC and Singapore and by
the general state of the PRC’s and Singapore’s economy. The Company’s business may be influenced by changes
in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance
abroad, and rates and methods of taxation, among other things.

Contingencies

los
Company follows subtopic 450-20 of the FASB ASC to report accounting for contingencies. Certain conditions may exist
as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved
when one or more future events occur or fail to occur.  The Company assesses such contingent liabilities, and such assessment
inherently involves an exercise of judgment.

En
assessing loss contingencies arising from legal proceedings that are pending against the Company or unasserted claims that may
result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims and the amount
of relief sought or expected to be sought.

Si
the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability
can be reasonably estimated, then the estimated liability would be accrued in the Company’s financial statements. 
If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable
but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable
and material, would be disclosed.

Loss
contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would
be disclosed.  Management does not believe, based upon information available at this time, that these matters will have a
material adverse effect on the Company’s financial position, results of operations, or cash flows. However, there is no
assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results
of operations or cash flows.

Cash
and Equivalents

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

Accounts
Receivable, net

los
Company maintains reserves for potential credit losses on accounts receivable. Management reviews the composition of accounts
receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and
changes in customer payment patterns to evaluate the adequacy of these reserves.

Property
and Equipment, net

Property
and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals
and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated
depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property
and equipment is provided using the straight-line method for substantially all assets with estimated lives of:

Automotive 5 5
                                         años
Office Equipment 5 5
                                         años

Como
of September 30, 2019, and December 31, 2018, property and equipment consisted of the following:

2019 2018
Vehicles $ 239,335 $ 116,284
Office
    Equipment
37,157
Subtotal 276,492 116,284
Less:
    accumulated depreciation
(35,663 ) (8,278 )
Total $ 240,829 $ 108,006

Depreciation
for the nine months ended September 30, 2019 and 2018 was $27,960 and $37,991, respectively. Depreciation for the three months
ended September 30, 2019 and 2018 was $10,526 and $0, respectively.

Long-Lived
Bienes

los
Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360, “Property,
Plant and Equipment,”
which requires impairment losses to be recorded on long-lived assets used in operations when
indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the
assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the
fair value (“FV”) of the long-lived assets. Losses on long-lived assets to be disposed of are determined in a similar
manner, except that FV are reduced for the cost of disposal. Based on its review, the Company believes that, as of September 30,
2019 and December 31, 2018, there were no significant impairments of its long-lived assets not in discontinued operations.

Fair
Value of Financial Instruments

por
certain of the Company’s financial instruments, including cash and equivalents, accrued liabilities and accounts payable,
carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 825, “Financial Instruments,”
requires disclosure of the FV of financial instruments held by the Company. The carrying amounts reported in the balance sheets
for current liabilities each qualify as financial instruments and are a reasonable estimate of their FVs because of the short
period of time between the origination of such instruments and their expected realization and the current market rate of interest.

Fair
Value Measurements and Disclosures

FASB
ASC Topic 820, “Fair Value Measurements and Disclosures,” defines FV, and establishes a three-level valuation hierarchy
for disclosures of fair value measurement that enhances disclosure requirements for FV measures. The three levels are defined
as follow:

Level
    1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level
    2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
    that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial
    instrument.
Level
    3 inputs to the valuation methodology are unobservable and significant to the FV measurement.

Como
of September 30, 2019, and December 31, 2018, the Company did not identify any assets and liabilities that are required to be
presented on the balance sheet at FV.

Ingresos
Recognition

En
May 2014 the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which
supersedes all existing revenue recognition requirements, including most industry-specific guidance. This new standard requires
a company to recognize revenues when it transfers goods or services to customers in an amount that reflects the consideration
that the company expects to receive for those goods or services. The FASB subsequently issued the following amendments to ASU
No. 2014-09 that have the same effective date and transition date: ASU No. 2016-08, Revenue from Contracts with Customers (Topic
606): Principal versus Agent Considerations; ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance
Obligations and Licensing; ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical
Expedients; and ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.

los
new revenue standards became effective for the Company on January 1, 2018, and were adopted using the modified retrospective method.
The adoption of the new revenue standards as of January 1, 2018 did not change the Company’s revenue recognition as the
Company does not have any revenue yet. As the Company will not identify any accounting changes that impacted the amount of reported
revenues with respect to its product revenues, no adjustment to retained earnings will be required upon adoption.

Under
the new revenue standards, the Company recognizes revenues when its customer obtains control of promised goods or services, in
an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues
following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance
obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations
in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation.

General
and Administrative Expenses

General
and administrative expenses are comprised principally of payroll and benefits costs for corporate employees, occupancy costs of
corporate facilities, lease expenses, management fees, traveling expenses and other operating and administrative expenses.

Share
Based Payment

los
Company accounts for share-based compensation to employees in accordance with FASB ASC Topic 718, “Compensation –
Stock Compensation”, which requires that share-based payment transactions with employees be measured based on the grant-date
FV of the equity instrument issued and recognized as compensation expense over the requisite service period.

los
Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic
505-50, “Equity-Based Payments to Non-employees”. Share-based compensation associated with the issuance of equity
instruments to non-employees is measured at the FV of the equity instrument issued or committed to be issued, as this is more
reliable than the FV of the services received. The FV is measured at the date that the commitment for performance by the counterparty
has been reached or the counterparty’s performance is complete.

Ingresos
Taxes

Ingresos
taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax
consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts
at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected
to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected
to be realized.

los
Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement
of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income
tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest
and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures.

Under
the provisions of ASC Topic 740, when tax returns are filed, it is likely that some positions taken would be sustained upon examination
by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the
position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period
during which, based on all available evidence, management believes it is more likely than not that the position will be sustained
upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated
with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount
of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. los
portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as
a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties
that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits are classified
as interest expense and penalties are classified in selling, general and administrative expenses in the statements of income.
At September 30, 2019 and December 31, 2018, the Company did not take any uncertain positions that would necessitate recording
a tax related liability.

DBUB
is subject to US corporate income taxes on its taxable income at 21% for taxable years beginning after December 31, 2017.
To the extent that portions of its US taxable income, such as Subpart F income or GILTI, are determined to be from sources outside
of the US, subject to certain limitations, the Company may be able to claim foreign tax credits to offset its U.S. income tax
liabilities. Any remaining liabilities are accrued in the Company’s consolidated statements of comprehensive income and
estimated tax payments are made when required by U.S. law.

los
Act also created new taxes on certain foreign-sourced earnings such as GILTI under IRC Section 951A, which is effective for the
Company for tax years beginning after January 1, 2018. For the nine months ended September 30, 2019, the Company calculated its
best estimate of the impact of the GILTI in its income tax provision in accordance with its understanding of the Act and guidance
available as of the date of this filing, which was $0.

Basic
and Diluted Earnings (Loss) per Share

los
Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” Basic
EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS
is computed similar to basic EPS except that the denominator is increased to include the number of additional common shares that
would have been outstanding if all the potential common shares, warrants and stock options had been issued and if the additional
common shares were dilutive. Diluted EPS is based on the assumption that all dilutive convertible shares and stock options and
warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and
warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and
warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained
thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding
convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance,
if later). During the nine and three months ended September 30, 2019 and 2018, there is not any diluted shares, nor any shares,
options or warrants that were anti-dilutive.

Statement
of Cash Flows

En
accordance with FASB ASC Topic 230, “Statement of Cash Flows”, cash flows from the Company’s operations are
calculated based upon local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash
flows may not necessarily agree with changes in the corresponding balances on the balance sheet. Cash from operating, investing
and financing activities is net of assets and liabilities acquired.

Concentration
of Credit Risk

Financiero
instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable, advances to suppliers
and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy
financial institutions. Since the Company has not generated any revenues or commenced operations in its continuing business, the
Company cannot evaluate the risk of a concentration of credit risk.

Segment
Reporting

FASB
ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting.
The management approach model is based on the way a company’s management organizes segments within the company for making
operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure,
management structure, or any other manner in which management disaggregates a company. Following the Company’s disposal
of its existing business in 2018, the Company has one operating segment, the restaurant operation and management business. En
addition, the Company is currently developing a more comprehensive restaurant operation system to provide catering technology
and management services for upscale restaurants and other luxury catering facilities.

Leases

On
January 1, 2019, the Company adopted Accounting Standards Update No. 2016-02, Leases (Topic 842) (ASU 2016-02), as amended, which
supersedes the lease accounting guidance under Topic 840, and generally requires lessees to recognize operating and financing
lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet for all leases with terms longer than 12 months
and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements.
Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in
the income statement. A modified retrospective transition approach is required for lessees for capital and operating leases existing
at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain
practical expedients available. The Company concluded the adoption of this new AUS did not have a material impact to the Company’s
CFS due to the Company does not have any lease that is longer than 12 months.

Reciente
Accounting Pronouncements

En
June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure
all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions,
and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement
of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods
within those fiscal years, beginning after December 15, 2022. Early application will be permitted for all entities for fiscal
years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the
impact that the standard will have on its CFS.

En
June 2018, the FASB issued ASU 2018-07, “Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment
Accounting,” which expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services
from non-employees. An entity should apply the requirements of ASC 718 to non-employee awards except for specific guidance on
inputs to an option pricing model and the attribution of cost. The amendments specify that ASC 718 applies to all share-based
payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations
by issuing share-based payment awards. The new guidance is effective for SEC filers for fiscal years, and interim reporting periods
within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). Early adoption
is permitted. The Company is evaluating the effects of the adoption of this guidance and currently believes that it will impact
the accounting of the share-based awards granted to non-employees.

Other
recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified
Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present
or future CFS.

Nota
3 – PREPAID EXPENSES

Prepaid
expenses as of September 30, 2019 and December 31, 2018 were $81,607 and $341,089, respectively. Prepaid expense consists primarily
1) prepaid travel expense and prepaid IT consulting expense amounted to $41,938 and $105,824 at September 30, 2019 and December
31, 2018, respectively, 2) the deferred stock compensation for restricted stock issued on December 23, 2016. The deferred stock
compensation is expensed over three years. During the nine months ended September 30, 2019 and 2018, the Company recorded $119,000
stock compensation expense for each period. During the three months ended September 30, 2019 and 2018, the Company recorded $39,667
stock compensation expense for each period. At September 30, 2019 and December 31, 2018, deferred stock compensation was $39,666
and $235,265, respectively.

Nota
4 – INTANGIBLE ASSETS

Intangible
assets consisted of 1) vehicle license fee (in order to prevent heavy traffic jam, Shanghai City limits the number of automobiles
on road through auctioning a set number of vehicle licenses plate each year; the Company needs to win the auction and pay for
the vehicle license plate fee to own the vehicle license. The Company has already won the auction and paid for the vehicle license
plate fee, thus it owns the vehicle license plate infinitely), for which no amortization is provided, and 2) signing fee with
Alvin Leung, which is amortized over five years.

On
April 3, 2018, DB-Link entered into a cooperation agreement with Alvin Leung, as co-founder, regarding brand cooperation and the
catering business in the territory of the Mainland China, Australia, New Zealand and the United States (the “Initial Territory”).
The agreement provides that Mr. Leung will work exclusively with DB-Link in the Initial Territory and authorize DB-Link to use
his brand names of “Bo” and “Daimon” in the Initial Territory. Mr. Leung also granted DB-Link the priority
right of cooperation before seeking similar cooperation with other parties in Canada, Hong Kong and Europe. The agreement does
not have an expiration date. DB-Link’s business will be operated by joint venture entities in which DB-Link will hold a
66% equity interest and Mr. Leung a 34% interest. In addition, DB-Link will pay Mr. Leung RMB 800,000 ($116,000); RMB 550,000
($80,000) was paid with the remaining balance of RMB 250,000 ($36,000) payable in 2019.

Intangible
assets consisted of the following at September 30, 2018 and December 31, 2018:

2019 2018
Signing
    fee
$ 111,924 $
Vehicle
    license
19,587 20,354
Subtotal 131,511 20,354
Less:
    accumulated amortization
(16,789 )
Net $ 114,722 $ 20,354

Amortization
of intangible assets for the nine months ended September 30, 2019 and 2018 was $17,485 and $0, respectively. Amortization of intangible
assets for the three months ended September 30, 2019 and 2018 was $5,692 and $0, respectively. As of September 30, 2019, the annual
amortization for the next five years is expected to be $23,314.

Nota
5 – ACCRUED EXPENSES AND OTHER PAYABLES

Accrued
expense and other payables consisted of the following at September 30, 2019 and December 31, 2018:

2019 2018
Accrued
    expenses
$ 40,983 $ 41,650
Due
    to unrelated parties for the Company’s working capital needs
109,644 287,877
Signing
    fee payable
34,976
Franchise
    fee
71,663 73,449
Total $ 257,266 $ 402,976

Accrued
expenses mainly consisted of accrued payroll, audit and legal fee, etc. Due to unrelated parties were short term advances for
the Company’s working capital needs, which bear no interest and are payable upon demand.

los
Company entered into a franchise agreement in August 2018, grants the franchise right and assists the franchisee to open a franchise
restaurant in Taipei City. The franchisee shall pay RMB 1.00 million ($0.15 million) for entering this agreement, 50% of it was
paid at signing of the agreement, the remaining 50% shall be paid when the franchisee raised enough restaurant starting funds
(not less than RMB 6.00 million ($0.89 million)). The franchisee will receive 50,000 shares of the Company’s stock when
the RMB 1.00 million ($0.15 million) is paid to the Company. However, as of September 30, 2019, the franchise agreement was suspended
and other terms of the franchise agreement was not fulfilled and unlikely to be fulfilled. Accordingly and until a settlement
is reached by both parties, the 1S t RMB 0.50 million ($0.07 million) that the Company received was recorded as
the Company’s liability.

Signing
fee represented the remaining balance payable to Alvin Leung under a cooperation agreement described in Note 5.

Nota
6 – RELATED PARTY TRANSACTIONS

Advance
to related party

Advance
to related party at September 30, 2019 and December 31, 2018 was $221,154 and $33,693, respectively, was the advance to the director
of DBUB Pte, for his business related expenses, such as business travel and lodging. The director will repay the advance to the
Company by the end of 2019 for any remaining unused travel advances.

Advance
from related parties

los
Company borrowed money from certain related parties for its working capital needs. At September 30, 2019 and December 31, 2018,
advance from related parties consisted of the following:

2019 2018
Loans
    from CEO (including accrued interest)
$ 3,219,448 $ 2,687,008
Loan
    from an officer (including accrued interest)
1,039,393 424,942
Loan
    from affiliated companies (no interest, payable upon demand)
1,598 83,357
Loan
    from other related party (no interest, payable upon demand)
651 36,564
Total $ 4,261,090 $ 3,231,871

On
June 14, 2018, DBUB Pte made a loan agreement with the Company’s CEO for SGD 5.00 million ($3.69 million) for 24 months.
The annual interest rate is 24%. The borrower can repay the loan anytime without prepayment penalty.

On
January 25, 2018, Huantai entered a loan agreement with the Company’s CEO for RMB 700,000 ($0.10 million) with maturity
on December 31, 2018. The monthly interest rate is 2%. The borrow may choose to repay anytime without prepayment penalty. los
loan agreement was orally extended at maturity and become payable upon demand.

On
July 2, 2018, Huantai entered a loan agreement with the Company’s officer for RMB 5.00 million ($0.74 million ) with maturity
on December 31, 2018. The monthly interest rate is 2%. The borrow may repay anytime without prepayment penalty. The loan agreement
was orally extended at maturity and become payable upon demand.

During
the nine months ended September 30, 2019 and 2018, the Company recorded $449,981 and $0 interest expense, respectively, on loans
from the related parties. During the three months ended September 30, 2019 and 2018, the Company recorded $189,099 and $0 interest
expense, respectively, on loans from the related parties.

Nota
7 – COMMON STOCK

On
March 18, 2016, the Company issued warrants to purchase 190,532 shares of common stock at $0.75 per share as part of a private
placement of 190,532 units with each unit consisting of one share of common stock and a three-year warrant to purchase one share
of common stock. The Company determined that the FV of these warrants was $206,917 based on the following assumptions:

Term 3 years
Expected
    volatilidad
178 %
Risk – free interest
    rate
1.0 %
Dividend yield 0 0 %
Weighted-average grant
    date FV
$ 1.086

los
warrants were expired on March 17, 2019, there are no any outstanding warrants or options at September 30, 2019.

On
December 23, 2016, the Company’s Board of Directors (“BOD”) adopted the Company’s 2016 Restricted Stock
Plan (the “2016 Plan”).  The 2016 Plan provides for the granting of restricted stock awards to employees,
directors and consultants of the Company and the employees, directors and consultants of the Company’s affiliates. Under
the 2016 Plan, 1,360,000 shares of the Company’s common stock were initially available for issuance for awards.  
As of December 31, 2016, 1,150,000 of the shares available for issuance under the 2016 Plan were issued. In January 2017, 210,000
shares available for issuance were issued. The common stock was valued at grant date with a FV of $476,000. During the nine months
ended September 30, 2019 and 2018, $119,000 was recognized as stock based compensation expense. During the three months ended
September 30, 2019 and 2018, $39,667 was recognized as stock based compensation expense (see note 4).

En
July 2019, the Company received $2,100 for the issuance of 30,000 common shares.

Nota
8 – OTHER INCOME

Other
income for the nine months ended September 30, 2019 and 2018 consisted of the following:

2019 2018
Event
    management income
$ 19,806 $
Brand
    consulting income
12,327
Advising
    income on meal preparation
22,218
Gain
    on foreign currency exchange
47,742
Other 593 813
$ 102,686 $ 813

Other
income for the three months ended September 30, 2019 and 2018 consisted of the following:

2019 2018
Advising income on meal preparation 20,159
Gain on foreign currency exchange 34,658
Other 1,193
$ 54,817 $ 1,193

Nota
9 – INCOME TAXES

los
US parent company is subject to the US federal income tax at 21% in the nine months ended September 30, 2019 and 2018. The parent
company does not conduct any operations and only incurs expenses, such as legal fees, accounting fees, investor relations expenses
and filing fees, relating to the Company’s status as a reporting company under the US securities laws.

los
US parent company had net operating loss (“NOL”), for federal income tax purposes, the NOL arising in tax years beginning
after 2017 may only reduce 80% of a taxpayer’s taxable income, and may be carried forward indefinitely. The management believes
the realization of benefits from these losses may be uncertain due to the US parent company’s continuing operating losses.
Accordingly, a 100% deferred tax asset valuation allowance was provided.

DB-Link
Ltd is not subject to U.S. or PRC income tax and is not subject to income tax in the British Virgin Islands.

los
Company’s PRC subsidiary Huantai was subject to the PRC income tax at a rate of 25%. Singapore subsidiary DBUB Pte was subject
to an income tax rate of 17%.

los
components of deferred income tax assets and liabilities as of September 30, 2019 and December 31, 2018 are as follows:

2019 2018
Deferred
    tax assets:
NOSOTROS
    net operating losses
$ 79,544 $ 63,167
PRC
    operation
221,788 69,593
Singapore
    operation
250,893 89,133
Discontinued
    operation
37,753
Total
    deferred tax assets
552,225 259,646
Less
    valuation allowance
(552,225 ) (259,646 )
$ $

Reconciliation
of the differences between the statutory US Federal income tax rate and the effective rate is as follows for the nine months ended
September 30, 2019 and 2018.

2019 2018
Tax benefit
    at US Statutory Rate
(21.00 )% (21.00 )%
Tax rate difference 1.25 % (1.10 )%
Valuación
    allowance
19.75 % 22.10 %
Eficaz
    rate
% %

Reconciliation
of the differences between the statutory U.S. Federal income tax rate and the effective rate is as follows for the three months
ended September 30, 2019 and 2018.

2019 2018
Tax benefit
    at US Statutory Rate
(21.00 )% (21.00 )%
Tax rate difference 1.02 % 1.50 %
Valuación
    allowance
19.98 % 19.50 %
Eficaz
    rate
% %

Nota
10 – DISCONTINUED OPERATIONS

los
Company’s former business was the distribution of imported products, including digital products, baby products, health nutrition
and frozen food through its online store, applications on mobile devices and also in physical stores. The Company had continuing
losses in this business and did not believe it was able to operate that business profitably. As a result, the Company transferred
the equity in Capital to its former chief executive officer in May 2018. The Company’s former business is treated as a discontinued
operation.

Como
of December 31, 2018, the Company had no assets and liabilities associated with the discontinued operations. As a result of the
sale of Capital to former chief executive officer, the Company recognized a gain of $4,077,267 from the disposition of Capital
and its affiliates stock in the year ended December 31, 2018. This amount consists of a $2,456,389 gain from sale of the Company’s
equity in Capital and its affiliates and $1,620,878 reflecting the principal of loans by Capital on the date of the transfer,
which, as a result of the transfer of the equity in Capital, are no longer obligations of the Company. The obligations were liabilities
of Capital with no recourse to the Company.

Nota
11 – SUBSEQUENT EVENTS

los
Company evaluated all events that occurred subsequent to September 30, 2019 through the date that the consolidated financial statements
were issued, and no subsequent event was identified.

ITEM
2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

The following
management’s discussion and analysis should be read in conjunction with our financial statements and the notes thereto and
the other financial information appearing elsewhere in this report. Our financial statements are prepared in U.S. dollars and
in accordance with U.S. GAAP.

Overview

De
2007 until the first quarter of 2017, we were engaged in the resale and distribution of third party products such as mobile phones,
facsimile machines, DVD players, stereos, speakers, MP3 and MP4 players, iPods, electronic dictionaries, CD players and audio
systems. Due to declining sales and continuing losses, we discontinued this business. We had previously imported into China digital
products, baby products, health nutrition and frozen food products, but this business was discontinued prior to December 31, 2017.

On February
15, 2018, our directors and officers resigned and we brought in new management and changed our business plan. We currently provide
restaurants operation and management services through DBUB PTE. LTD (“DBUB Pte”) and Huantai (Shanghai) Catering Management
Co, Ltd. (“Huantai”). We further enhanced our plan to provide catering technology and management services for upscale
restaurants and other luxury catering facilities. In furtherance of our plan to provide the upscale restaurant businesses with
IT solutions, on April 3, 2018, DB-Link entered into an agreement with Alvin Leung, regarding brand cooperation and businesses
in the territory of the Mainland China, Australia, New Zealand and the United States (the “Initial Territory”). los
agreement provides that Mr. Leung will work exclusively with DB-Link Ltd (“DB-Link”) in the Initial Territory and
authorizes DB-Link to use the brand names of “Bo” and “Daimon” in the Initial Territory. Mr. Leung also
granted DB-Link the priority right of cooperation before seeking similar cooperation with other parties in Canada, Hong Kong and
Europe. The agreement does not have an expiration date. DB-Link’s business will be operated by joint venture entities in
which DB-Link will hold a 66% equity interest and Mr. Leung a 34% interest. In addition, DB-Link will pay Mr. Leung RMB 800,000
($116,000); RMB 550,000 ($80,000) was paid with the remaining balance of RMB 250,000 ($36,000) payable in 2019.

The Company’s
former business was conducted through Capital Future Developments Limited (“Capital”). On March 29, 2018, the Company
entered into an agreement with Mr. Zhenggang Wang, who was then the Director, Chief Executive Officer and the Chairman of the
Company. According to the agreement, the Company returned all of the shares of Capital Future Development Limited (“Capital”),
a British Virgin Islands company, to Mr. Wang for his transfer of 1,738,334 shares back to the Company, which were subsequently
cancelled. The transfer of Capital’s shares was consummated in May 2018, which included Capital’s subsidiaries. All
of our former business was conducted through Capital and its subsidiaries. Company’s former business was treated as discontinued
right after the conclusion of the share transfer.

Following
the transfer of the stock of Capital, we have three subsidiaries, DB-Link, Huantai and DBUB Pte. Our business is being conducted
through Huantai and DBUB Pte.

On September
5, 2018, we changed our corporate name to DBUB Group Inc. through a merger of our Company with our wholly-owned subsidiary, DBUB
Group Inc., a Nevada corporation.

En general,
we plan to offer information technology solutions to our clients’ customer information programs, marketing initiatives,
and logistics management. We will utilize the power of blockchain technology to securely record customer’s personal and
dining information, facilitating participating restaurants’ reward points program and ensuring our clients’ continued
expansion based on customers’ loyalty. We will also provide our client with marketing solutions, branding enhancement, and
business operation strategies through our cooperative relationship with Alvin Leung, a pivotal figure in the world’s culinary
landscape.

We intend
to establish a logistic management system through information technology to streamline the catering and logistic aspects of our
clients’ business. More specifically, we intend to establish a Fine Dining Platform, which will allow restaurants to track
customers’ transactions, consolidate accounting information, and provide interactive data analysis for customers’
preferences. Customers can utilize the platform to make reservations, order food, interact with friends, and accumulate reward
points.

In addition,
we intend to establish a Michelin Chefs Union, which will offer marketing solutions, branding enhancement, and business strategies
to upscale restaurants. We will utilize our cooperative relationship with Alvin Leung to individualize each restaurant’s
marketing strategy, service strategy upgrading, and staff training. We will also offer VIP membership, under which participating
restaurants can explore potential joint business operations with Alvin Leung and further enhance their brand name.

Promover, adicional,
we intend to establish an Inventory Management System, which will help our clients to streamline the catering and logistic aspects
of their business. Our clients will upload their inventory and logistics information to the system such as the description of
units, number of units, price per unit, and other related information. They can then utilize the platform to monitor their inventory,
footprint the storage volume, and track the procurement of fresh produce.

The above-mentioned
future plans may be subject to change and involve risks and uncertainties, and there is no guarantee that the Company will successfully
materialize such plans.

Results
of Operations

por
the three months ended September 30, 2019 and 2018

We incurred
general and administrative expenses of $682,949 and $201,689, respectively, for the three months ended September 30, 2019 and
2018. These expenses related primary to expenses incurred as a public reporting company such as audit fees, legal fees, filing,
transfer agent fees, and, to a lesser extent, starting from mid-2018 through September 30, 2019, increased expenses relating to
preliminary efforts in developing our new business, such as payroll, consulting expense and business travel. Our loss from operations
was $682,949 and $201,689, respectively, for the three months ended September 30, 2019 and 2018.

Para el
three months ended September 30, 2019, we had total non-operating expense of $134,668, including $189,099 interest expense on
the loans from the CEO and an officer, and bank charge $620, which was partially offset by interest income of $234, gain on foreign
currency exchange of $34,658 and other income of $20,159. For the three months ended September 30, 2018, we had total non-operating
income of $1,810, including interest income of $617 and other income of $1,193.

Para el
three months ended September 30, 2019, we had a net loss of $817,617, or $0.04 loss per share (basic and diluted). For the three
months ended September 30, 2018, we had a net loss attributable to us of $199,879, we had $0.01 loss per share (basic and diluted).

por
the nine months ended September 30, 2019 and 2018

We incurred
general and administrative expenses of $1,322,806 and $338,180, respectively, for the nine months ended September 30, 2019 and
2018. These expenses related primary to expenses incurred as a public reporting company such as audit fees, legal fees, filing,
transfer agent fees and, to a lesser extent, starting from mid-2018 through September 30, 2019, increased expenses relating to
preliminary efforts in developing our new business, such as payroll, consulting expense and business travel. Our loss from operations
was $1,322,806 and $338,180 respectively, for the nine months ended September 30, 2019 and 2018.

Para el
nine months ended September 30, 2019, we had total non-operating expense of $350,073, including $449,981 interest expense on the
loans from the CEO and an officer, and bank charge $3,415, which was partially offset by interest income of $637, event and brand
management income of $32,133, gain on foreign currency exchange of $47,742 and other income of $22,811. For the nine months ended
September 30, 2018, we had total non-operating income of $1,430, including interest income of $617 and other income of $813.

Para el
nine months ended September 30, 2019, we had a net loss of $1,672,879, or $0.08 loss per share (basic and diluted). For the nine
months ended September 30, 2018, we had a net income attributable to us of $3,558,362, mainly resulting from the gain from disposed
entities of $3,855,189, we had $0.22 income per share (basic and diluted), consisting of $0.02 loss per share from continuing
operations, and $0.24 income per share from discontinued operations.

Foreign
Currency Translation Adjustments

The impact
of foreign translation from our accounts in RMB to US dollar on our operating results was not material. During the translation
process, the assets and liabilities of all PRC subsidiaries and Singapore are translated into US dollars at period end exchange
rates. The revenues and expenses are translated into US dollars at average exchange rates of the period. Resulting translation
adjustments are recorded as a component of accumulated other comprehensive income within stockholders’ equity.

Nueve
    Months Ended September 30,
2019 2018
RMB to USD exchange rate at period end 0.1399 0.1456
Average RMB to USD exchange rate for the period 0.1457 0.1535

Nueve
    Months Ended September 30,
2019 2018
SGD to USD exchange rate at period end 0.7231 0.7316
Average SGD to USD exchange rate for the period 0.7329 0.7460

Transaction
gains or losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency
were included in the consolidated results of operations. As a result of the translation, DBUB recorded a foreign currency gain
of $60,004 for the nine months ended September 30, 2019 and $13,229 for the nine months ended September 30, 2018; for the three
months ended September 30, 2019 and 2018, DBUB recorded a foreign currency gain of $59,360 and $12,922, respectively, which is
a separate line item on the Statements of Operations and Comprehensive Loss.

Liquidez
and Capital Resources

Operations
and liquidity needs are funded primarily through cash flows from advances from related parties including our CEO and secretary,
as well as equity financing.

A partir de
September 30, 2019, cash and equivalents were $1,558,935, the Company’s current assets totaled $1,869,135, the Company’s
current liabilities were $4,518,447, and the Company’s working capital deficiency was $2,649,312. During the nine months
ended September 30, 2019, the Company’s net cash used in operating activities was $826,412. Cash and equivalents as of September
30, 2019 were solely bank accounts in Singapore and China.

A partir de
December 31, 2018, cash and equivalents were $1,554,049; the Company’s current assets totaled $2,840,690; the Company’s
current liabilities were $3,652,036; and the Company’s working capital deficiency was $811,346. For the nine months ended
September 30, 2018, the Company’s net cash used in operating activities was $2,868,284.

Our cash
used and provided for the nine months ended September 30, 2019 and 2018 were as follows:

2019 2018
Net cash used in operating activities $ (826,412 ) $ (2,868,284 )
Net cash used in investing activities (165,250 ) (194,098 )
Net cash provided by financing activities 1,040,721 4,328,068
Effect of exchange rate change on cash
    and equivalents
(44,173 ) 29,413
Net increase in cash and equivalents 4,886 1,295,099
Cash and equivalents at beginning of period 1,554,049 23,048
Cash and equivalents at end of period $ 1,558,935 $ 1,318,147

Net cash
used in operating activities was $826,412 for the nine months ended September 30, 2019 compared to net cash used in operating
activities of $2,868,284 for the nine months ended September 30, 2018. This decrease in net cash used in operating activities
for the nine months ended September 30, 2019 was mainly attributable to increased cash inflow from other receivables by $3,188,270,
and increased cash inflow from prepaid expenses and deposits by $1,407,716, despite we had increased net loss by $1,115,041 (excluding
the non-cash gain on disposal of discontinued operations of $4,076,077 for 2018), increased cash outflow on accrued expenses and
other payables by $457,870, and decreased cash inflow for discontinued operation of $1,057,093.

Net cash
used in investing activities for the nine months ended September 30, 2019 was $165,250. It consisted mainly of equipment purchase
of $165,250. Net cash used in investing activities for the nine months ended September 30, 2018 was $194,098, which was attributed
to $106,230 equipment purchase and $82,901 payment to Alvin for entering an agreement with him for developing the restaurant business
with Alvin’s expertise.

Net cash
provided by financing activities for the nine months ended September 30, 2019 was $1,040,721. Net cash provided by financing activities
for the nine months ended September 30, 2018 was $4,328,068. During the nine months ended September 30, 2019, we had net advance
from related parties included accrued interest of $1,143,534, repayment to unrelated parties of $104,913, and $2,100 proceeds
from issuance of common stock. During the nine months ended September 30, 2018, we had net advance from related parties included
accrued interest of $4,058,437, $299,000 proceeds from issuance of common stock, and $29,369 repayment of short-term loans.

Working
Capital Requirements

With
the change in our business, our working capital requirements relate to our proposed restaurant business. Before we can open any
restaurant, we will need sufficient upfront capital to cover our cash outlays before we generate revenue. These expenditures include
finding an acceptable location, negotiating a lease and making the initial payments under the lease, making the leasehold improvements,
including the purchase or lease of restaurant equipment, obtaining necessary permits, developing relationships with food suppliers
and the media, and recruiting and training staff and payroll during the preopening period. Until we have demonstrated that we
are able to operate an upscale restaurant profitable, we may have difficulty in obtaining the financing. It may be necessary for
us to provide the financing source with an equity position in a restaurant, which would reduce our percentage interest in the
restaurant. Our principal source of funds for the nine months ended September 30, 2019 was loans from related parties, including
our chief executive officer and an officer. These loans had term with range from six to 24 months with annual interest of 24%
(see Note 6). To the extent we have to raise funds through the sale of our equity securities, it would be necessary for us to
issue equity at a discount from the market price, which could result in significant dilution to our stockholders. We do not have
any agreement or understanding with any financing source and we cannot assure you we will be able to obtain the funding required
for any restaurant. To the extent we are not able to obtain the necessary financing, we may not be able to open restaurants, which
would severely impair our ability to operate profitably. There is no assurance we will be able to raise any funds on terms favorable
to us, or at all or that related parties will provide us with short-term financing to meet our immediate cash needs. In the event
we issue shares of equity or convertible securities, the shares held by our existing stockholders would be diluted. Future expansion
will be limited by the availability of financing products and raising capital.

Going
Concern

As discussed
in Note 2 to the financial statements, we had net loss of $1,672,879 for nine months ended September 30, 2019. Our accumulated
deficit was $31.54 million as of September 30, 2019. We have significant cash requirements for our restaurant business. These
issues raise substantial doubt regarding our ability to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

Off-Balance
Sheet Arrangements

We have
not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties.
We have not entered into any derivative contracts that are indexed to our shares and classified as stockholders’ equity
or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest
in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do
not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support
to us or engages in leasing, hedging or research and development services with us.

Critical
Accounting Policies and Estimates

Our management’s
discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements,
which were prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).
The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of
assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well
as the reported net sales and expenses during the reporting periods. On an ongoing basis, we evaluate our estimates and assumptions.
We base our estimates on historical experience and various other factors that we believe are reasonable under the circumstances,
the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily
apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

While
our significant accounting policies are more fully described in Note 2 to our consolidated financial statements, we believe the
following accounting policies are the most critical to assist you in fully understanding and evaluating this management discussion
and analysis.

Principles
of Consolidation

The consolidated
financial statements include the accounts of the Company and its subsidiaries, DB-Link, DBUB Pte and Huantai. All material intercompany
accounts, transactions, balances and profits were eliminated in consolidation.

Ingresos
Recognition

In May
2014 the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes
all existing revenue recognition requirements, including most industry-specific guidance. This new standard requires a company
to recognize revenues when it transfers goods or services to customers in an amount that reflects the consideration that the company
expects to receive for those goods or services. The FASB subsequently issued the following amendments to ASU No. 2014-09 that
have the same effective date and transition date: ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal
versus Agent Considerations; ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations
and Licensing; ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients;
and ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.

El nuevo
revenue standards became effective for the Company on January 1, 2018, and were adopted using the modified retrospective method.
The adoption of the new revenue standards as of January 1, 2018 did not change the Company’s revenue recognition as the
Company does not have any revenue yet. As the Company will not identify any accounting changes that impacted the amount of reported
revenues with respect to its product revenues, no adjustment to retained earnings will be required upon adoption.

Under
the new revenue standards, the Company recognizes revenues when its customer obtains control of promised goods or services, in
an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues
following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance
obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations
in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation.

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

The Company
is not required to provide the information required by this Item as it is a smaller reporting company.

ITEM
4. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

Under
the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, our management conducted an evaluation of our disclosure controls and procedures as of September 30, 2019, as such term
is defined in Rules 13a-15(e) and 15d-15(e)under the Exchange Act. Based on this evaluation, our principal executive officer and
principal financial officer concluded that, as of such date, the Company’s disclosure controls and procedures were not effective
due to the material weakness in our internal controls identified in our Quarterly Report on Form 10-Q for the period ended September
30, 2019. Specifically, we currently lack sufficient accounting personnel with the appropriate level of knowledge, experience
and training in U.S. GAAP and SEC reporting requirements.

We have
taken, and are taking, certain actions to remediate the material weakness related to our lack of U.S. GAAP experience. We plan
to hire additional credentialed professional staff and consulting professionals with greater knowledge and experience of U.S.
GAAP and related regulatory requirements to oversee our financial reporting process in order to ensure our compliance with U.S.
GAAP and other relevant securities laws. In addition, we provided additional training to our accounting personnel on U.S. GAAP,
and other regulatory requirements regarding the preparation of financial statements. Until such time as we hire qualified accounting
personnel with the requisite U.S. GAAP knowledge and experience and train our current accounting personnel, we have engaged an
outside CPA with U.S. GAAP knowledge and experience to supplement our current internal accounting personnel and assist us in the
preparation of our financial statements to ensure that our financial statements are prepared in accordance with U.S. GAAP.

Disclosure
controls and procedures are designed to provide that information required to be disclosed by us in reports that we file or submit
under the Exchange Act is accumulated, recorded, processed, summarized, communicated to our management, including our principal
executive officer and principal financial officer and reported within the time periods specified in Securities and Exchange Commission
rules and forms.

Changes
in Internal Control Over Financial Reporting

There
were no changes in our internal control over financial reporting (“ICFR”) that occurred during our third fiscal quarter
that have materially affected, or are reasonably likely to materially affect, our ICFR.

PART
II. OTHER INFORMATION

ITEM 1. LEGAL
PROCEEDINGS

administración
is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties.
As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding,
or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending
or that have been threatened against us or our properties.

ITEM
1A. RISK FACTORS.

Not applicable
to a smaller reporting company.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There
were no issuance of options or shares, registered or not, during three-month period ended September 30, 2019.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES

No senior
securities were issued and outstanding during the three-month period ended September 30, 2019.

ITEM
4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM
5. OTHER INFORMATION

On
July 14, 2019, the Company engaged Prager Metis CPAs LLC (“Prager Metis”) as the Company’s independent registered
public accounting firm for the year ending December 31, 2019, which was approved by the Company’s Board of Directors.

During
the Company’s two most recent fiscal years ended December 31, 2018 and 2017 and during the subsequent interim period from
January 1, 2019 through May 31, 2019, neither the Company nor anyone on its behalf has consulted with Prager Metis regarding either
(i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion
that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided
to the Company that Prager Metis concluded was an important factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement”
or a “reportable event,” as such terms are defined in Regulation S-K Item 304(a)(1)(iv) and (v), respectively.

ITEM 6. EXHIBITS

* * Previously
    filed
** Filed herewith
** In accordance with
    Item 601(b)(32)(ii) of Regulation S-K and SEC Release No. 34-47986, the certifications furnished in Exhibits 32.1 and 32.2
    herewith are deemed to accompany this Form 10-Q and will not be deemed filed for purposes of Section 18 of the Exchange Act.
    Such certifications will not be deemed to be incorporated by reference into any filings under the Securities Act or the Exchange
    Act.

SIGNATURES

In accordance
with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

DBUB GROUP, INC.
Dated:
    November 14, 2019
Por: /s/
    Zinan Zhou
Zinan Zhou

Chief Executive Officer and
        Director

(Principal Executive Officer)

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE
OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY
ACT OF 2002

I, Zinan Zhou, certify that:

1) I
    have reviewed this Report on Form 10-Q for the quarter ended September 30, 2019 of DBUB Group, Inc.;
2) Based
    on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
    to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect
    to the period covered by this report;
3) Based
    on my knowledge, the financial statements, and other financial information included in this report, fairly present in all
    material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
    presented in this report;
4) los
    registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
    and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
    defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed
    such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
    to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to
    us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed
    such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
    our supervision, 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;;
(c) Evaluated
    the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions
    about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based
    on such evaluation; y
(d) Disclosed
    in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s
    most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially
    affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;
    and.

5) los
    registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
    over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors
    (or persons performing the equivalent functions):

(a) All
    significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
    are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial
    information; y
(b) Any
    fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s
    internal control over financial reporting.

Fecha:
    14 de noviembre de 2019
/s/
    Zinan Zhou
Zinan
    Zhou
Chief
    Executive Officer
(Principal
    Executive Officer)

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL
OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY
ACT OF 2002

I, Dongming Xing, certify that:

1) I
    have reviewed this Report on Form 10-Q for the quarter ended September 30, 2019 of DBUB Group, Inc.;
2) Based
    on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
    to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect
    to the period covered by this report;
3) Based
    on my knowledge, the financial statements, and other financial information included in this report, fairly present in all
    material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
    presented in this report;
4) los
    registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
    and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
    defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed
    such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
    to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to
    us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed
    such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
    our supervision, 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;;
(c) Evaluated
    the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions
    about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based
    on such evaluation; y
(d) Disclosed
    in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s
    most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially
    affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;
    and.

5) los
    registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
    over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors
    (or persons performing the equivalent functions):

(a) All
    significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
    are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial
    information; y
(b) Any
    fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s
    internal control over financial reporting.

Fecha:
    14 de noviembre de 2019
/s/
    Dongming Xing
Dongming
    Xing
Chief
    Financial Officer
(Principal
    Financial Officer)

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C.
SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY
ACT OF 2002

In connection with the Report of
DBUB Group, Inc. (the “Registrant”) on Form 10-Q for the period ending September 30, 2019 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Zinan Zhou, certify, pursuant to 18
U.S.C. ss. 1350, as adopted pursuant to Section. 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) los
    Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; y
(2) los
    information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
    of the Registrant.

Fecha:
    14 de noviembre de 2019
Por: /s/
    Zinan Zhou
Zinan
    Zhou
Chief
    Executive Officer

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C.
SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY
ACT OF 2002

In connection with the Report of DBUB
Group, Inc. (the “Registrant”) on Form 10-Q for the period ending September 30, 2019 as filed with the Securities and Exchange
Commission on the date hereof (the “Report”), I, Dongming Xing, certify, pursuant to 18 U.S.C. ss. 1350, as adopted
pursuant to Section. 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) los
    Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; y
(2) los
    information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
    of the Registrant.

Fecha:
    14 de noviembre de 2019
Por: /s/
    Dongming Xing
Dongming
    Xing
Chief
    Financial Officer

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