- CEO
- Daohong Yuan
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3209, South Building Shanghai People's Republic of China
- IPO Date
- Aug 11, 2005
- Business
- Nongfu Shop Digital New Retail Co., Ltd. (NFSN) operates as a blank check shell company seeking merger, acquisition, or business combination opportunities with one or more operating businesses; it conducts no significant revenue-generating activities and maintains minimal operations focused on public company compliance costs, including accounting, legal, and SEC filing expenses. Incorporated in Nevada, the company, founded in 1999 and headquartered at 3209 South Building, Building 3, No. 39 Hulan West Road, Baoshan District, Shanghai, People's Republic of China, lists its telephone as +86 21601569 and reports no core products, services, subsidiaries, or revenue streams, with zero assets, zero cash, and reliance on related-party advances from executives for funding. In recent developments, the company changed its name from Yong Bai Chao New Retail Corp effective April 11, 2025, following board approval on January 10, 2025; its board and majority stockholders approved a 1-for-20 reverse stock split targeted for Q2 2026 to reduce outstanding shares from 189.12 million to approximately 9.46 million; it disclosed substantial doubt about its ability to continue as a going concern in its Q3 2025 10-Q filing on November 18, 2025, reflecting a nine-month net loss of $26,878, accumulated deficit of $3.74 million, and working capital deficit of $173,331 with $165,760 due to former and current CEOs; additionally, it delayed its Q3 2025 quarterly report filing due to preparation issues and identified material weaknesses in internal controls plus unfiled U.S. tax returns for 2023-2024 carrying potential penalties.