Londax Corp.

Item 1A. Risk Factors.

Not applicable to small

An investment in our common stock involves a high degree of risk. The following material risks should be considered together with the other information contained in this Annual Report.

Limited operating history and recurring losses

The Company has a limited operating history, limited revenue and recurring losses. For the year ended May 31, 2026, the Company recorded a net loss of $37,343 and had no cash at year-end. The Company may not generate sufficient operating cash flow to fund its activities.

Going-concern uncertainty

The audited financial statements include going-concern disclosure. At May 31, 2026, the Company had no cash, an accumulated deficit of $40,622 and current liabilities of $44,035. These conditions raise substantial doubt about the Companys ability to continue as a going concern without additional financing or other reporting financial support.

Liquidity, creditor payment and related-party financing risk

At May 31, 2026, the Company had no cash and current liabilities of $44,035, including $37,741 of related-party loans and $5,298 of deferred income. The Companies.y may be unable to pay creditors as obligations become due without additional financing or continued related-party support. There is no assurance that related-party support will continue or that external financing will be available on acceptable terms, and these conditions contribute to substantial doubt about the Companys ability to continue as a going concern.

Strategic transition risk

The post-year-end transition toward AI and digital infrastructure is preliminary and may not produce completed projects, revenue or profitability.

Capital intensity

Large-scale data-center and power infrastructure projects may require substantial capital, site control, utility arrangements, permits, engineering, equipment and customer commitments.

Financing and dilution

The Company may require substantial additional financing, which may be unavailable or may dilute existing stockholders.

Dependence on key management and third parties

The Company relies on a small management team and third-party professional, technology and regulatory service providers.

OTC market liquidity and volatility

The Companys common stock is quoted in the over-the-counter market and may be subject to limited liquidity, volatility and penny-stock rules.

Recent change in control and corporate actions

Recent changes in control, management, capitalization, legal name, trading symbol and other corporate actions may increase execution, governance and disclosure risks.

Internal-control limitations

A small staff may limit segregation of duties and financial-reporting resources and may contribute to material weaknesses or control deficiencies.

Cybersecurity and third-party systems

Cybersecurity incidents, cloud-provider disruptions, data breaches or failures of third-party systems could adversely affect operations.

Shell-status risk

The Company has historically reported as a non-shell while OTC Markets has displayed a Shell Risk flag. Brokers, market operators or regulators may independently assess shell-company issues.