UMAX Group Corp.: UMAX GROUP CORP. - Future Business Focus Finalized The Company now has three wholly-owned subsidiaries which are: Home Foam Corporation, a Nevada corporation, was acquired by the Company in November 2020 in exchange for 1,000,000 shares of Series 'B', Preferred Stock ('Home Foam'); Mazuma Transportation Company, a Nevada corporation, was acquired by the Company in January 2021 in exchange for 1,000,000 shares of Series 'B', Preferred Stock ('Mazuma'); and Funny Media, LLC, a Nevada limited liability company, was acquired by the Company in May 2021 in exchange for 1,000,000 shares of Series 'B', Preferred Stock ('Funny Media'). Mr. Fletcher (President and CEO of the Company), states, 'We are currently operating three wholly-owned subsidiaries, all of which are currently in the growth stage of their business cycle. Each of the Company's subsidiaries will take significant capital moving forward to achieve cash flow positive operations on a regular basis. When we acquired Funny Media, it was announced that we intended to move towards media content development as the main business focus of the Company. After analysis of each subsidiary's capital requirements, and the limited resources we have available, we concluded that Funny Media would provide the best return on our shareholders investment. As such, in an effort to solidify the business focus and plan for the efficient capital use, we have made the decision to cancel the acquisitions of Home Foam and Mazuma.'