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9/25/2020[Amend1]Quarterly ReportCR057682020SECURITIES AND EXCHANGE COMMISSION SEC FORM 17Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER1.

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PHP stands for 'Personal Holding Company' which is a type of corporation in the United States that primarily earns passive income and is taxed at different rates.

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Corporations with personal holding company income exceeding specific thresholds are required to file Form 1120 for Personal Holding Company (PHC) Tax.

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The purpose of PHP is to ensure that companies primarily earning passive income are taxed appropriately under U.S. tax law.

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