UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2017~~ 2018

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from [ ] to [ ]

Commission file number 000-50392

TRANSAKT LTD.
(Exact name of registrant as specified in its charter)

Nevada	33-1221442
(State or other jurisdiction of incorporation or	(I.R.S. Employer Identification No.)
organization)

Unit 8, 3/F. Wah Yiu Industrial Centre, 30-32 Au Pui Wan St. Fotan,
Hong Kong	N/A
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: 852-52389111

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange On Which Registered
N/A	N/A

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, par value $0.001 per share
(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act.
Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act
Yes [ ] No [X]

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days.
Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]	Accelerated filer [ ]

Non-accelerated filer [ ]	Smaller reporting company [ ]
(Do not check if smaller reporting company)
	Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [ ] No [X]

The aggregate market value of Common Stock held by non-restricted of the Registrant on June 30, ~~2017~~2018 was $1876,~~753,914~~957.0804 based on a $0.0804 average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. 133,506,570 common shares as of April 1, 2019.

133,506,570 common shares as of April 9, 2018.

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

Item 1.	Business	4
Item 1A.	Risk Factors	107
Item 1B.	Unresolved Staff Comments	1311
Item 2.	Properties	1311
Item 3.	Legal Proceedings	1311
Item 4.	Mine Safety Disclosures	1311
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	1311
Item 6.	Selected Financial Data	1512
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	1513
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	2321
Item 8.	Financial Statements and Supplementary Data	2321
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	1920
Item 9A.	Controls and Procedures	1920
Item 9B.	Other Information	2021
Item 10.	Directors, Executive Officers and Corporate Governance	2122
Item 11.	Executive Compensation	2526
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2627
Item 13.	Certain Relationships and Related Transactions, and Director Independence	2829
Item 14.	Principal Accounting Fees and Services	2829
Item 15.	Exhibits, Financial Statement Schedules	30

PART I

Item 1. Business

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors”, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this annual report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this current report and unless otherwise indicated, the terms "we", "us" and "our" mean TransAKT Ltd., a Nevada corporation, and our wholly owned subsidiary, TransAKT Bio Agritech Ltd.in Hong Kong (S.A.R), unless otherwise indicated.

General Overview

Our company was incorporated in the Province of British Columbia on December 10, 1996 as Green Point Resources Inc. On October 18, 2000, we changed our name to Wildcard Wireless Solutions Inc. On June 30, 2001, we filed Articles of Continuance in the Province of Alberta and became an Alberta corporation. On that same day, we conducted an amalgamation with Wildcard Communications Canada Inc., an Alberta corporation, our wholly-owned subsidiary, wherein Wildcard Communications Canada was merged into Wildcard Wireless Solutions Inc. On June 20, 2003, we changed our name to TransAKT Corp. We ~~changed~~ chd our name from TransAKT Corp. to TransAKT Ltd. on July 12, 2006. ~~Effective~~ Effective December 2, 2011, following approval by our shareholders on November 17, 2011, we re-domesticated our company from the Province of Alberta, Canada and became a Nevada corporation.

We have operated principally as a research and development company since our inception. Initial seed capital has been directed toward areas of product research and development, patent filings and administration. We initially focused on the research, design, development and manufacturing of mobile payment terminals. However, the sale of these payment terminals reached its end-of-life due to changes in cellular phone regulations and limited acceptance in the marketplace.

In October 2004, we purchased the existing business and certain assets of IP Mental Inc., a Taiwan-based Voice over Internet Protocol (“VoIP”) hardware and software provider. On November 15, 2006, we acquired Taiwan Halee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to enable us to remain competitive in the marketplace by engaging in the design, development, manufacturing and sale of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems.

On November 15, 2006, we acquired HTT, for the sum of USD$5,000,000. The purchase price was paid by the delivery to the shareholders of HTT of: (i) USD$200,000 in cash; (ii) USD$300,000 in a promissory note from us due in cash six months after closing; (iii) 50,000,000 of our common voting shares, with a deemed value of USD$0.09 per share; and (iv) 5,000,000 of our common voting shares issued to our president and chief executive officer, Mr. James Wu, as performance-based compensation. We have mainly financed our operations through the use of debt and the issuance of equity in private placements. In October 2006, we repaid a loan that we had taken against inventory produced to fund our first commercial run of our payment terminals. We settled the loan for USD$90,000 using funds raised from the private placement of our shares. We continue to finance our operations through debt or equity financing and intend to do so until our sales are sufficient to fund ~~our~~ our operations,

On August 12, 2010, we filed a Form S-4 Registration Statement in connection with the continuation of our company from Alberta to Nevada. We registered 102,645,120 shares of common stock of TransAKT Ltd. (Nevada) which were issued to the shareholders of TransAKT Ltd. (Alberta) on a one-for-one basis to the number of shares held by them.

Effective June 25, 2012, the Nevada Secretary of State accepted for filing of a certificate of amendment, wherein, we amended our articles of incorporation to increase the authorized number of shares of our common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0.001 per share. Our preferred stock remains unchanged.

On May 3, 2012, we entered into an Asset Purchase and Sale Agreement with Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, pursuant to which we intended to acquire the material assets of Vegfab. Vegfab is in the business of manufacturing innovative indoor agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Prior to completion of the transaction we and Vegfab elected instead to proceed by way of a share purchase and, effective July 16, 2012, we acquired all outstanding securities of Vegfab. In consideration of the Vegfab securities, we had paid $1,000,000 in cash and issued 150,000,000 shares of our common stock to the shareholders of Vegfab which constituted approximately 37.2% of our common stock at the time of closing. As a result of the transaction Vegfab became our wholly owned subsidiary and primary business unit. Vegfab has since become engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables.

Previously, we entered into a performance compensation agreement dated June 15, 2006 with James Wu, our president and chief executive officer, pursuant to which our company was required to pay Mr. Wu share compensation of 10% of the value of any venture acquisition that Mr. Wu secured for our company. As a result, in July 2012, we issued to Mr. Wu 18,333,333 shares of our company’s common stock with respect to the acquisition of Vegfab.

On January 4, 2013, we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of all issued and outstanding securities in our wholly owned subsidiary HTT. In consideration of the sale of HTT, Mr. Pan has transferred to our company 45,000,000 previously issued common voting shares of our company with a deemed value of $0.04 per share or $1.8 million in the aggregate. The transfer of common shares was completed on January 7, 2013. In connection with the sale HTT, the 45,000,000 common shares of our company received as consideration will be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of our company’s currently issued and outstanding common stock.

On October 30, 2013, Million Talented Ltd., a related party 50% owned by the Company’s president and director, contributed $516 (equals to HKD 4,000) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business. On May 6, 2015, the Company acquired the remaining 40% of the TransAKT H.K. from Million Talented Ltd. As such, The Company wholly owned its subsidiary of TransAKT BIO Agritech Ltd. And it becomes our primary business unit.

On June 30, 2015, our wholly owned subsidiary, TransAKT Taiwan Ltd., entered into a Share Transfer Agreement among Vegfab Agricultural Technology Co. Ltd. and a third party pursuant to which the third party acquired 100% of of Vegfab Agricultural Technology Co. Ltd. in consideration of $100,000. Vegfab Agricultural Technology Co. Ltd. was the sole material asset of TransAKT Taiwan Ltd. and its parent company (and subsidiary of the Company), TransAKT Holdings Ltd., a Turks and Caicos company. Subsequent to the sale of Vegfab Agricultural Technology Co. Ltd., pursuant to a Share Purchase Agreement dated June 30, 2015 with the Company’s former President, Chief Executive Officer and Director, the Company sold TransAKT Holdings Ltd. (and its subsidiary, TransAKT Taiwan Ltd.) to the former (non-affiliated) officer and director in consideration of $100,000. All intercompany debts between TransAKT Holdings Ltd. and the formerly affiliated companies were cancelled as a result of the transaction.

A 20 to 1 reversed stock split was approved by the Board of Directors on November 9, 2015, by majority of shareholders on April 1, 2016, by FINRA on June 20, 2016 and effective on June 23, 2016. The issued and outstanding common stock was consolidated from 613,447,306 to 30,672,404 with fractional share round up to 1 share.

Overview of our Operations

We began operations in 1997 and commercialized our first product line of wireless point-of-sale (“WPOS”) terminals in April 2003. With the use of cellular phones, these terminals allow merchants to accept payments anywhere, anytime. However, our WPOS terminals were discontinued due to changes in cellular phone regulations and limited acceptance in the marketplace. In October 2004, through the acquisition of the business and certain assets of IP Mental Inc., we entered the VoIP business. On November 15, 2006, we acquired Taiwan Halee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to enable us to remain competitive in the VoIP marketplace by engaging in the design, development, manufacturing and sale of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems.

Effective July 16, 2012, we acquired all outstanding securities of Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, With the acquisition of Vegfab we entered the business of manufacturing ~~agricultural~~ agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Vegfab subsequently became engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables.

Concurrently with our acquisition of Vegfab, our management began planning our exit from the VoIP telecommunications business owing to diminishing growth opportunities for our Company in that industry. Subsequently, on January 4, 2013, we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of all issued and outstanding securities in our wholly owned subsidiary HTT in consideration for the cancellation and return to treasury of 45,000,000 previously issued common voting shares of our company with a deemed value of $0.04 per share or $1.8 million in the aggregate. The transfer of common shares was completed on January 7, 2013. On September 27, 2016, the company cancelled these treasury stocks of 45,000,000 shares amounted to $1.8 million in the aggregate.

As a result of our sale of HTT, Vegfab Agricultural Technology Co. Ltd. became our primary business unit. However, due to recurring losses from operations and in order to conserve operating resources, our management decided to sell the Vegfab on June 30, 2015.

Subsequent to our sale of Vegfab, we continue to be engaged in the sale and distribution of indoor agricultural equipment, including lighting, irrigation and hydroponic growing systems. We purchase inventory from third party manufacturers and re-sell equipment to various indoor agricultural operators located in Asia. Our primary markets are Taiwan, Hong Kong, Mainland China, and Singapore.

WeOn ~~have~~July ~~operating~~15, ~~losses~~2016 ofwe ~~$220,940~~entered ~~and~~into ~~$299,500~~Securities ~~during the~~Purchase ~~years~~Agreement ~~ended~~with ~~December~~our 31President, ~~2017~~Chief Executive Officer and ~~2016~~Director, ~~respectively~~Ho Kang-Wing, ~~and~~pursuant ~~incurred~~to anwhich we issued to Mr. Ho a Convertible Promissory Note ~~accumulated~~(the ~~deficit~~“Note”) in consideration of $221,~~350~~000,~~526~~000 ~~and~~in ~~$22,129,586~~cash asproceeds. The Note bears interest at the rate of ~~December~~8% ~~31,~~per ~~2017~~annum and may be prepaid in whole or in part ~~December~~without ~~31,~~penalty ~~2016~~before the maturity date of July 14, ~~respectively~~2018. InAt ~~addition~~the option of the Holder, wethe ~~expect~~outstanding toprincipal ~~incur~~and anaccrued ~~operating~~interest underlying Note may be ~~loss~~converted infrom ~~2018~~time, on or following the maturity date, into common shares of our Company at the price of $0.01 per share.

~~Historically,~~On ~~our~~February ~~officers~~28, ~~and~~2017, ~~shareholders have advanced funds to our Company for working capital purposes~~Mr. WeHo ~~have~~Kang–wing ~~not~~(the ~~entered~~holder ~~into any~~of ~~agreement~~convertible onpromissory ~~the~~note) ~~repayment~~elected ~~terms~~to ~~for~~convert ~~these advances. In 2013,~~ the ~~Company advanced~~entire ~~funds~~outstanding ~~bearing~~amount ~~interest rate~~ of ~~8% per annum from a shareholder in an~~ ~~aggregate~~the ~~amount~~Note ofinto ~~NTD28~~105,~~780~~066,~~933,~~666 orcommon ~~equivalent~~shares toof ~~$969,630.~~the ~~The~~ Company ~~has repaid~~including ~~both principal and interest during~~ the ~~same year. The interest expense of~~accumulated ~~$60,765 was recorded under other expense from continuing operations before income taxes~~interest. ~~In 2015~~Therefore, the ~~company~~issued ~~advanced funds from its officer~~ and ~~shareholder~~ ~~for~~outstanding ~~working~~common ~~capital~~shares ~~purpose. The company has not entered into any agreement on the repayment terms for these advances and the balance~~ of the Company ~~advance~~were ~~has~~increased ~~been~~to ~~paid~~133,506,570 ~~during~~shares ~~the~~at ~~year~~that date.

OnWe ~~July~~have ~~15,~~operating ~~2016~~losses weof ~~entered~~$208,310 ~~into~~and ~~Securities~~$220,940 ~~Purchase~~during the ~~Agreement~~years ~~with~~ended ~~our~~December ~~President~~31, ~~Chief~~2018 ~~Executive Officer~~ and ~~Director~~2017, ~~Ho Kang-Wing~~respectively, ~~pursuant~~and toincurred ~~which we issued to Mr. Ho a Convertible Promissory Note~~an ~~(the~~accumulated ~~“Note”)~~deficit ~~in consideration~~ of $122,~~000~~558,~~000~~836 ~~in cash proceeds. The Note bears interest at the rate of 8% per annum~~ and ~~may~~$22,350,526 beas ~~prepaid in whole or in part without penalty before the maturity date~~ of ~~July~~December 1431, 2018. ~~At the option of the Holder, the outstanding principal~~ and ~~accrued interest underlying Note may be~~ ~~converted~~December ~~from~~31, ~~time~~2017, onrespectively. orIn ~~following~~addition, ~~the~~we ~~maturity~~expect ~~date,~~to ~~into~~incur ~~common~~an ~~shares of~~operating ~~our~~loss ~~Company~~in ~~at the price of $0~~2019.~~01 per share.~~

OnPrincipal ~~February~~Products 28, 2017, Mr. Ho Kang–wing (the holder of convertible promissory note) elected to convert the entire outstanding amount of the Note into 105,066,666 common shares of the Company including the accumulated interest. Therefore, the issued and ~~outstanding~~Markets ~~common shares of the Company were increased to 133,506,570 shares at that date.~~

~~About~~In the recent years, we supplied indoor agricultural equipment to commercial products of fruits and vegetables. However, the innovation in the indoor agriculture market is primarily focus on combining different technologies in new ways. Our ~~Products~~industry is undergoing a period of rapid innovation and growth. And there exists a vast number of companies which predate our company and which have greater financial resources and experience in the industry. Furthermore, we are undergoing a very long period of consumer education in the industry. It is a high consumption of resources and the public acceptance of the business model is limited. At this moment, we have not realized commercial success of the technologies. Therefore, we have to seek for other development opportunities for our company.

WeAs ~~supply~~at ~~indoor~~the ~~agricultural~~date ~~equipment~~of tothis ~~commercial~~annual ~~producers~~report, we ofare ~~fruits~~actively ~~and~~seeking ~~vegetables.~~opportunities ~~Our~~to ~~products~~diversify ~~are~~our ~~focused~~business onand ~~fully~~to ~~enclosed greenhouses~~enhance ~~which~~shareholder ~~rely~~value. onIn ~~artificially~~particular, ~~controlled~~we ~~ambient~~are ~~conditions~~investigating aspotential ~~temperature,~~opportunities ~~humidity,~~to ~~nutrition~~enter ~~and~~the ~~lighting.~~Chinese ~~Products~~health ~~include~~food ~~complete~~market, ~~growing~~with ~~systems~~an emphasis on traditional Chinese ~~consisting~~herbs ofknown ~~proprietary~~as ~~simulated~~cordyceps. ~~sunlight~~In ~~LED~~that ~~boards~~regard, ~~growing~~we ~~racks~~have recently identified and are in ~~various~~negotiations ~~configurations~~with ~~for~~a ~~commercial~~potential ~~and~~joint-venture ~~residential~~partner ~~applications,~~engaged ~~environment~~in research, ~~control~~manufacture, processing and ~~plant~~sales ~~nutrition~~of ~~control~~cordyceps. ~~components~~Importantly, ~~portable~~however, ~~work~~there ~~tables and~~is ~~ladders,~~no ~~fruit~~guarantee ~~and~~that ~~vegetable~~our ~~seeds~~negotiations ~~and~~will ~~nutrition~~be ~~products,~~successful ~~and~~or ~~safe,~~that ~~clean,~~we will ~~ready~~successfully identify or secure other opportunities to ~~eat~~diversify ~~vegetables~~our business.

~~Principal~~Subsidiaries ~~Products and Markets~~

~~Food~~We ~~prices in Taiwan~~ have ~~risen~~one towholly ~~such~~owned ansubsidiary, ~~extent~~TransAKT ~~that it is now economical to cultivate plants in under-used residential space~~ (~~such as garages or basements~~BVI) ~~or to convert underutilized urban or suburban real estate into vegetable farms or so-called “plant factories”~~Ltd. ~~Urban greenhouse~~Which ~~agriculture~~holds ~~also~~100% ~~offers~~of the ~~potential~~issued ~~for greater yield~~ and ~~land~~outstanding ~~efficiencies when~~shares ~~compared to traditional farming because greenhouses may be stacked to maximize strata-space. Other recognized advantages~~ of ~~greenhouse~~TransAKT ~~plant cultivation~~Bio ~~include~~Agritech ~~lower water consumption~~Ltd., ~~diminished reliance on pest control~~ ~~measures,~~its ~~lower~~primary ~~transport~~business ~~costs~~is ~~due~~conducting toresearch ~~proximity to consumers,~~ and ~~scalability to~~development ~~accommodate~~on ~~available~~new ~~space. Compared to traditional greenhouses, the~~agricultural technology weand ~~sell~~marketing ~~allows~~the products for the ~~creation~~Company. ofOther ~~highly~~than ~~controlled~~holding ~~environments~~the ~~where~~shares ~~resources~~of ~~that~~TransAKT ~~fuel~~Bio ~~plant~~Agritech ~~growth~~Ltd., ~~can~~TransAKT be(BVI) ~~utilized~~Ltd. ~~more~~is ~~efficiently~~non-active. “

~~Despite~~Item ~~all these advantages, this new way of farming is developing slowly and sporadically, on a small scale, due to a significant initial investment required to build and equip a greenhouse~~1A. ~~Other~~Risk concerns include higher energy costs, inadequately developed cultivation technology, a limited range of crops, and blander-tasting vegetables than those grown by more traditional methods. Despite these drawbacks, demand for quality, pesticide-free and accessible produce has already led to the establishment of plant factories in Japan, mainland China and Taiwan. In Taiwan, where our operations are based and targeted, the Industrial Technology Research Institute has formed the Plant Factory Industry Development Association (TPFIDA) an industrial and academic association to develop the plant factories and indoor agriculture industry in Taiwan. Among the founding members of TPFIDA are EPISTAR Corporation, Everlight Electronics, Taiwan Fertilizer Co., Ltd., National Pingtung University of Science and Technology, and National Taiwan University. TPFIDA aims to promote cross industry collaboration platforms to build a comprehensive supply chain in Taiwan for the plant factory industry.Factors

~~Manufacturing~~Risks Relating to our Company

~~It is not our intention to engage in the capital and management intensive endeavor of manufacturing our own products.~~ We ~~instead outsource our manufacturing and~~ have ~~spent considerable time identifying~~ a ~~stable~~history of ~~suitable engineering~~operating ~~and~~losses ~~manufacturing~~which ~~firms~~may ~~with~~affect proven track records. Our products are currently manufactured exclusively in China where intense competition among manufacturers provides a readily available supply of cost-effective, quality manufacturing options. In order to take advantage of the ample supply of manufacturing choices available to us in Taiwan and China, we have not entered into any formal or long-term agreements with any manufacturer for the fabrication of our ~~products. Instead, by selecting manufacturers on an as needed~~ ~~basis,~~ability ~~we are better able~~ to ~~take~~continue ~~advantage of competitive pricing, ensure quality control, and maintain appropriate inventory supply levels~~operations. ~~We do not rely on any particular manufacturer for any of our products.~~

~~Seasonality~~We sustained operating loss for each of the fiscal years ended December 31, 2018 and 2017 of $208,310 and $220,940, respectively. We also anticipate sustaining a loss from operations for the fiscal year ended December 31, 2019. If we are unable to achieve profitability or to raise sufficient capital to carry out our business plan, we may not be able to continue operations.

~~Our~~ We have a limited operating history and are still proving the viability of our current products ~~can~~and business model, and thus, we may be ~~used~~unable ~~all~~to ~~year~~sustain ~~round~~operations and ~~are~~you ~~not~~may ~~affected~~lose ~~by seasonal~~your ~~trends~~entire investment.

~~Sources~~ During fiscal 2012, we abandoned our VWAP and ~~Availability~~VoIP product lines and adopted the business of ~~Raw~~our ~~Materials~~subsidiary, Vegfab Agricultural Technology Co. Ltd., which began operations in 2010. If we are unable to prove our business model or the viability of our products, we may not be able to sustain operations and our ability to raise additional funding may be jeopardized.

~~All~~ Our ~~raw~~competition ~~materials~~has ~~for~~greater ~~our~~resources ~~products~~than ~~are~~we ~~sourced~~do ~~from China~~ and ~~Taiwan.~~ ~~The computer components used in our products~~ can berespond ~~subject~~more toquickly ~~high price volatility and~~ to ~~the~~changes ~~risk~~in ~~of obsolescence. In order to control component costs and~~ the ~~risk~~industry ofwhich ~~their~~could ~~obsolescence,~~adversely weaffect ~~contract with a manufacturer at a set price for the building of~~ our ~~products~~ability ~~over a number of terminals. The manufacturer becomes responsible for making sure that enough components are in stock and, if components become unavailable,~~ to ~~quickly implement minor product changes to allow for components to be replaced~~compete. ~~This process is conducted for all manufacturing of our products.~~

~~Marketing~~ The ~~Channels~~marketing and sale of indoor agricultural equipment is intensely competitive and involve a high degree of risk. Public acceptance of business transacted by us may never reach the magnitude required to be commercially profitable.

~~For~~ Many ~~greenhouse~~of ~~products~~our existing competitors, weas ~~aim~~well toas ~~align~~a ~~ourselves~~number ~~with industrial~~of ~~appliance~~potential ~~retailers~~new competitors have longer operating histories, ~~home~~greater ~~improvement~~name ~~and~~recognition, ~~home~~larger customer bases and ~~garden~~significantly ~~retailers, property~~greater ~~developers~~financial, ~~architects,~~technical and ~~home~~marketing ~~improvement~~resources ~~professionals~~than inus. ~~order~~These factors may allow them to ~~capitalize~~ onrespond ~~all~~more ~~possible~~quickly ~~markets~~than us to new or emerging technologies and ~~existing~~changes ~~distribution~~in ~~infrastructure~~customer requirements. ~~Our~~It may also allow them to devote greater resources than we can to the development, promotion and sale of their products and ~~primary~~services. ~~markets~~Such ~~are~~competitors ~~Taiwan~~may also engage in more extensive research and development, ~~Hong~~undertake ~~Kong~~more far-reaching marketing campaigns, ~~Mainland~~adopt ~~China~~more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and ~~Singapore~~Internet publishers. In addition, current and potential competitors have established or may establish cooperative relationships among themselves or with third parties to increase the ability of their products or services.

~~Competition~~ Volatility of world economic factors may affect our ability to raise capital and product costs which may affect our ability to continue operations.

~~Innovation~~ Our inrevenues, profitability and future growth and the ~~indoor~~carrying ~~agriculture~~value ~~market~~of isassets ~~primarily focused~~are substantially dependent on ~~combining~~prevailing ~~different~~world ~~technologies~~economic conditions and fluctuations in ~~new~~influencing ~~ways~~factors such as exchange rates, rates of inflation, governmental stability and natural disasters. Our ~~management~~ability ~~believes~~to borrow and to obtain additional capital on attractive terms is also substantially dependent upon these factors. The negative impact of these factors on sales orders originating from an affected country ~~that~~would have an adverse effect on our ~~wall~~borrowing ~~lamps~~capacity, revenues, profitability and ~~plant~~cash ~~growth~~flows ~~chamber~~from ~~circulation~~operations. ~~devices~~For ~~are~~example, ~~examples~~unfavorable changes in exchange rates can increase the cost of ~~such~~ ~~innovation~~our products and reduce revenues resulting in reduced profitability. ~~Our~~In ~~research~~the ~~and~~event ~~development~~that ~~team~~our profitability is ~~focused~~reduced onand ~~creating~~we are unable to maintain our profit margins, it may be difficult to raise capital and reduce our borrowing ability. In addition, as has been recently experienced, general downturns ~~similarly~~in ~~innovative~~the technology sector worldwide have made fundraising difficult. Since the marketing of our products will require us to raise capital, this may have an adverse effect on our ability to continue operations and to effectively market our products.

~~Nevertheless, our industry is undergoing a period of rapid~~ ~~innovation~~We ~~and~~are ~~growth,~~dependent ~~and~~on ~~there~~key ~~exists~~personnel awho ~~vast number of companies which pre-date our company and which~~ have ~~greater~~extensive ~~financial~~knowledge ~~resources~~with ~~and~~respect ~~experience in~~to our ~~industry.~~product Inand ~~addition,~~business ~~the rapid expansion of the indoor agriculture industry means that our competitors are difficult to identify~~ and ~~assess. Nevertheless~~thus, ~~we estimate that our current share of~~ the ~~indoor~~loss ~~agriculture market is negligible, whether in our domestic market~~ of ~~Taiwan,~~one or ~~elsewhere.~~more In order to promote our financial stability, we do not rely or intend to rely on a single revenue base for revenue generation, and will continue to develop both the agricultural technologies wing and the produce manufacturing units of ~~our business. We also have kept our marketing, allowances or rebates to a minimum. Our management believes that~~ these ~~factors~~individuals ~~will~~may ~~allow~~adversely usaffect ~~to effectively compete in the industry and minimize~~ our ~~costs, thereby allowing us to focus on intellectual property development and the construction of new plant manufacturing facilities~~business. ~~Our direct competitors in the Taiwan and Chinese markets include:~~

• We ~~ArchEnergy~~are ~~Technology:~~heavily ~~ArchEnergy~~dependent ~~Technology~~upon ~~Holdings~~the ~~Group~~expertise ~~Ltd.,~~of ~~held~~our bymanagement ~~precision~~and ~~mold~~the ~~parts~~loss ~~maker~~of ~~Gallant~~one ~~Precision~~or ~~Machining~~more ~~Co.,~~of ~~Ltd.,~~these ~~makes~~individuals ~~such~~could ~~greenhouses~~have ~~with~~a ~~energy-efficient~~material ~~solar~~adverse ~~panels, supplying LED grow boxes for households and greenhouses for farms~~effect. ~~The~~We ~~company~~do ~~has~~not ~~also~~maintain ~~begun~~key-person ~~operating~~insurance ~~greenhouse~~policies ~~farms~~on toany ~~cultivate~~of ~~profitable~~our ~~Chinese~~executive ~~herbs and flowers~~officers. •Since ~~Liladien~~we ~~Industrial:~~are ~~Founded~~a technology inand ~~1998~~equipment tobased ~~make bathtubs~~company, ~~Liladien~~our ~~Industrial~~future ~~Co.,~~success ~~Ltd.~~also ~~integrated~~depends ~~ultra-micro~~on ~~gas~~our ~~bubble~~ability ~~aeration~~to ~~technology~~continue ~~for Jacuzzis with LED~~ to ~~produce “aqua-cultural containers” in 2008~~attract, ~~its~~retain ~~first~~and ~~step~~motivate ~~into~~highly ~~the~~skilled ~~greenhouse~~employees ~~industry. The company's aqua-cultural equipment comes~~ in ~~potted~~the ~~plant~~payments ~~types~~and ~~for~~communications ~~educational purpose, cabinet type for households,~~ and ~~greenhouses~~equipment ~~for~~manufacturing ~~mass production~~industry. “Competition •for employees ~~Nano~~in ~~Bio~~our ~~Light~~industry ~~Technology:~~is ~~Nano Bio Light Technology Co~~intense., ~~Ltd.~~We ~~has~~may ~~worked~~be ~~with~~unable ~~local academic institutes for over 10 years~~ to ~~research~~retain ~~LED~~key ~~applications~~employees ~~for~~or ~~horticulture.~~attract, ~~The~~assimilate ~~company's~~or ~~LED-lit~~retain ~~horticultural~~other ~~equipment~~highly ~~comes~~qualified employees in ~~types~~the ~~for research, households, store demonstrations, condo blocks, and mass production~~future.

~~Intellectual~~The ~~Property~~audit report included in our Annual Report on Form 10-K was prepared by auditors who are not inspected by the Public Accounting Oversight Board (“PCAOB”) and as a result, our shareholders are deprived of the benefit of having PCAOB inspections.

We The ~~hold~~independent ~~common~~registered ~~law~~public ~~trademark~~accounting ~~rights~~firm ~~and~~that ~~copyright~~issues the audit reports included in our annual reports filed with the SEC, as auditors of ~~corporate~~companies ~~name~~that ~~and~~are ~~related~~traded ~~logos~~publicly in the United States and ~~trademarks.~~a ~~However~~firm registered with the Public Company Accounting Oversight Board (United States), weor ~~have~~the “PCAOB”, ~~not~~is ~~filed~~required ~~for~~by the laws of the United States to undergo regular inspections by the ~~registration~~PCAOB to assess its compliance with the laws of the United States and professional standards. Because our ~~trademarks~~auditors orare ~~copyrights~~located in ~~any~~Hong Kong SAR, a jurisdiction where the PCAOB is currently unable to conduct inspections without the approval of the Hong Kong authorities, our auditors are not currently inspected by the PCAOB.

~~Research~~ Inspections of other firms that the PCAOB has conducted outside Hong Kong SAR have identified deficiencies in those firms' audit procedures and quality ~~Development~~control procedures, which may be addressed as part of the inspection process to improve future audit quality. The inability of the PCAOB to conduct inspections in Hong Kong SAR prevents the PCAOB from regularly evaluating our auditor's statements, audits and quality control procedures. As a result, investors may be deprived of the benefits of PCAOB inspections.

No The ~~significant~~inability ~~research~~of ~~and~~the ~~development~~PCAOB ~~expenses~~to ~~were~~conduct ~~incurred~~ inspections of auditors in ~~2017~~Hong Kong orSAR ~~2016.~~makes ~~Any~~it ~~future~~more ~~research~~difficult to evaluate the effectiveness of our auditor's quality control and ~~development~~audit ~~undertakings~~procedures ~~will~~as becompared to auditors outside of Hong Kong SAR that are subject to PCAOB inspections. Investors may lose confidence in our reported financial information and procedures and the ~~availability~~quality of ~~sufficient~~our financial ~~capital~~statements.

~~Employees~~We may be exposed to risks relating to management’s conclusion that our disclosure controls and procedures and internal controls over financial reporting are ineffective.

We ~~have~~do 2not ~~full~~have ~~time~~an ~~employees~~independent inaudit ~~Hong~~committee ~~Kong~~and ~~working~~our inBoard ~~various~~of ~~administrative~~Directors ~~and~~may ~~operations~~be ~~related~~unable ~~capacities.~~to ~~These~~fulfill ~~include~~the ~~management, accounting,~~functions ~~product~~of ~~marketing,~~such ~~information~~a ~~technology~~committee, ~~and~~which ~~customer service,~~may ~~amongst~~compromise ~~others~~the management of our business. Our ~~payroll~~Board ~~costs~~of ~~were~~Directors ~~approximately~~functions ~~$114,048~~as our audit committee and ~~$136~~is comprised of four directors,~~224~~ ~~for~~none of whom are considered to be "independent" in accordance with the ~~year~~requirements ~~ended~~of ~~December~~Rule 3110A-3 under the Exchange Act. An independent audit committee plays a crucial role in the corporate governance process, ~~2017~~assessment of the Company's processes relating to its risks and ~~2016~~control environment, ~~respectively~~oversight of financial reporting, and evaluation of internal and independent audit processes. WeThe ~~estimate~~lack ~~that~~of ~~our~~an ~~payroll~~independent ~~costs~~audit ~~for~~committee ~~fiscal~~may ~~2018~~prevent ~~will~~the beCompany ~~approximately~~Board ~~$115~~of Directors from being independent in its judgments and decisions and its ability to pursue the committee's responsibilities,~~000~~ ~~based~~which oncould compromise the management of our ~~current~~ business ~~plan~~.

~~Subsidiaries~~We will need additional funds in order to implement our intended projects and there is no assurance that such funds will be available as, if and when needed which may adversely affect our operations.

WeCash ~~have~~flow ~~one~~used ~~wholly~~in ~~owned~~operating ~~subsidiary,~~activities ~~TransAKT~~of ~~(BVI)~~our ~~Ltd. Which~~continuing ~~holds~~operations ~~100%~~for of the ~~issued~~fiscal ~~and~~years ~~outstanding~~ended ~~shares~~December of31, ~~TransAKT~~2018 ~~Bio~~and ~~Agritech~~2017 ~~Ltd.~~were $208,542 ~~its~~and ~~primary~~$198,122, ~~business~~respectively. isWe ~~conducting~~have ~~research~~been dependent upon the proceeds of equity and ~~development~~non-equity onfinancing ~~new~~to ~~agricultural~~fund operations. No assurances can be given that our ~~technology~~actual ~~and~~cash ~~marketing~~requirements ~~the~~will ~~products~~not ~~for~~exceed ~~the~~our ~~Company.~~budget ~~Other~~or ~~than~~that ~~holding~~anticipated ~~the~~revenues ~~shares~~will be realized when needed, lines of ~~TransAKT~~credit ~~Bio~~will ~~Agritech~~be ~~Ltd.,~~available ~~TransAKT~~if ~~(BVI)~~necessary ~~Ltd.~~or that isadditional ~~non-active.~~capital will be available.

~~Legislation~~Failure to obtain such additional funds on terms and ~~Government~~conditions that ~~Regulation~~we deem acceptable may materially and adversely affect our ability to effectively manufacture, market and distribute our products resulting in decreased revenues which may also result in a decreased share price.

~~Our~~Prices ~~business~~for israw ~~subject~~materials torequired afor ~~broad~~our ~~range~~products ~~of municipal,~~are ~~provincial~~volatile. ~~and~~If ~~state~~there ~~regulation~~is ~~governing~~a ~~all~~significant ~~aspects~~increase in prices of raw materials our ability ~~business~~to generate revenue and ~~day~~achieve ~~to day~~profitability ~~operations~~may suffer.

WeAll raw materials for our products are ~~not~~sourced ~~aware~~from ofChina ~~any~~and Taiwan. ~~material~~Due ~~violations~~to the fact that many of ~~environmental permits~~our products use computer components, ~~licenses~~the price orof ~~approvals~~these ~~that~~components ~~have~~can ~~been~~be ~~issued~~highly ~~with~~volatile ~~respect~~and are subject to ~~our~~the risk of ~~operations~~obsolescence. WeIn ~~expect~~order to ~~comply~~control ~~with~~costs ~~all~~and ~~applicable~~the ~~laws,~~risk ~~rules~~of ~~and~~obsolescence, ~~regulations~~we ~~relating~~contract towith a manufacturer at a set price for the building of our ~~business,~~product ~~and~~over ata ~~this~~number ~~time~~of terminals. Despite these efforts, wethere docan ~~not~~be ~~anticipate~~no ~~incurring~~assurance ~~any material~~that ~~capital~~we ~~expenditures~~will be able to ~~comply~~keep ~~with~~prices ~~any~~of ~~environmental~~raw ~~regulations~~materials ~~or other~~at ~~requirements~~a cost effective level for our operations. If there is a significant increase in raw materials our ability to generate revenue and achieve profitability may suffer.

~~While our intended projects and business activities do not~~ ~~currently~~Risks ~~violate~~Relating ~~any~~to ~~laws,~~Our ~~any~~Stock regulatory changes that impose additional restrictions or requirements on us or on our potential customers could adversely affect us by increasing our operating costs or decreasing demand for our products or services, which could have a material adverse effect on our results of operations.

~~Item~~ The ~~1A.~~market ~~Risk~~price ~~Factors~~of our common shares has been and will in all likelihood continue to be volatile which may adversely affect the value of your investment.

~~Risks~~ The ~~Relating~~market price of our common shares has fluctuated over a wide range and it is likely that the price of our common stock will continue to fluctuate in the future. Announcements regarding acquisitions, the status of corporate collaborations, regulatory approvals or other developments by us or our ~~Company~~competitors could have a significant impact on the market price of our common shares.

Our shares currently trade on the OTC Markets OTCQB (“OTCQB”) with limited trading. If this market is not sustained or we are unable to satisfy any future trading criteria that may be imposed by the Financial Industry Regulatory Authority (“FINRA”), there may not be any liquidity for our shares. We have agenerated ~~history~~only oflimited ~~operating~~revenue ~~losses~~from ~~which~~the ~~may~~sale ~~affect~~of our ~~ability~~ products to ~~continue~~date. ~~operations~~These factors could have a negative impact on the liquidity of any investment made in our stock.

~~We sustained operating loss for each of the fiscal years ended~~ ~~December~~The ~~31,~~value ~~2017~~ and ~~2016~~transferability of ~~$220,940~~our ~~and~~shares ~~$299,500,~~may ~~respectively.~~be Weadversely ~~also anticipate~~impacted ~~sustaining~~by ~~a loss from operations for~~ the ~~fiscal~~penny ~~year~~stock ~~ended December 31, 2018~~rules. ~~If we are unable to achieve profitability or to raise sufficient capital to carry out our business plan, we may not be able to continue operations.~~

We In ~~have~~addition, holders of our common stock in the United States may experience substantial difficulty in selling their securities as a ~~limited~~result ~~operating~~of ~~history~~the “penny stock rules.” Our common stock is covered by the penny stock rules, a Securities and ~~are~~Exchange ~~still~~Commission ~~proving~~(“SEC”) rule that imposes additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors, generally institutions with assets ~~the~~in ~~viability~~excess of ~~our~~$5,000,000 ~~current~~or ~~products~~individuals ~~and~~with ~~business~~net ~~model~~worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and ~~thus~~transaction prior to the sale. Consequently, wethe rule may ~~be unable~~affect the ability of broker-dealers to ~~sustain~~sell ~~operations~~our securities and ~~you~~also may ~~lose~~affect ~~your~~the ~~entire~~ability ~~investment~~of purchasers of our stock to sell their shares in the secondary market. It may also cause fewer broker-dealers to make a market in our stock.

~~During fiscal 2012, we abandoned our VWAP and VoIP product~~ ~~lines~~The ~~and~~large ~~adopted~~number ~~the business~~ of ~~our~~shares ~~subsidiary,~~eligible ~~Vegfab~~for ~~Agricultural~~future ~~Technology Co.~~sale ~~Ltd.,~~by ~~which~~existing ~~began~~shareholders ~~operations~~may inadversely ~~2010.~~affect ~~We are still adding to our product line and are in~~ the ~~process~~market ofprice ~~proving~~for ~~the viability of~~ our ~~products~~common ~~and business model~~shares. ~~If we are unable to prove our business model or the viability of our products, we may not be able to sustain operations and our ability to raise additional funding may be jeopardized.~~

~~Our~~ Future ~~competition~~sales ~~has~~of ~~greater~~substantial ~~resources~~amounts ~~than~~of weour docommon ~~and~~shares ~~can respond~~in ~~more~~the ~~quickly~~public tomarket, ~~changes~~or in the ~~industry~~perception ~~which~~that such sales could occur, could adversely affect the market price of our common shares. At April 1, 2019, we had 133,506,570 common shares ~~ability~~outstanding. On that date, we had no common shares reserved for issuance under our stock option plan; and no common shares reserved for issuance under the warrants issued pursuant to ~~compete~~various private placements.

~~The~~ No ~~marketing~~prediction ~~and~~can ~~sale~~be ofmade ~~indoor~~as ~~agricultural~~to ~~equipment~~the ~~is intensely~~effect, ~~competitive~~if ~~and~~any, ~~involve~~that asales ~~high~~of ~~degree~~shares of ~~risk.~~our ~~Public~~common ~~acceptance~~stock or the availability of ~~business~~ ~~transacted~~such byshares usfor ~~may~~sale ~~never~~will ~~reach~~have on the ~~magnitude~~market ~~required~~prices toof ~~be commercially~~our ~~profitable~~common stock.

~~Many of our existing competitors, as well as a number of~~ ~~potential~~We ~~new competitors~~ have ~~longer~~limited ~~operating~~sales ~~histories,~~of ~~greater~~products ~~name recognition, larger customer bases and significantly greater financial, technical and marketing resources than us. These factors may allow them~~ to ~~respond~~ ~~more~~date ~~quickly than us to new or emerging technologies~~ and ~~changes~~no ~~in customer~~assurance ~~requirements. It may also allow them to devote greater resources than we~~ can tobe ~~the~~given ~~development,~~that ~~promotion~~our ~~and sale of their~~ products ~~and~~will ~~services. Such~~be ~~competitors~~widely ~~may~~accepted ~~also engage~~ in ~~more~~the ~~extensive~~marketplace ~~research~~which and development, undertake more far-reaching marketing campaigns, adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and Internet publishers. In addition, current and potential competitors have established or may ~~establish~~adversely ~~cooperative relationships~~affect ~~among~~your ~~themselves or with third parties to increase the ability of their products or services~~investment.

~~Volatility~~ Our offuture ~~world~~sales, ~~economic~~and ~~factors~~therefore, ~~may~~cash ~~affect~~flow and income, and our ~~ability to~~success, ~~raise~~are ~~capital~~highly dependent on success in marketing our products and ~~product~~consumer ~~costs~~acceptance ~~which~~of ~~may~~those ~~affect~~products. If our ~~ability~~products are not widely accepted or we are unable to ~~continue~~market our ~~operations~~products effectively, we may face reduced share prices, decreased profitability, and decreased cash flow.

~~Our revenues, profitability and future growth and the carrying~~ ~~value~~There of assets are substantially dependent on prevailing world economic conditions and fluctuations in influencing factors such as exchange rates, rates of inflation, governmental stability and natural disasters. Our ability to borrow and to obtain additional capital on attractive terms is ~~also substantially~~a ~~dependent~~limited ~~upon~~public ~~these~~market ~~factors.~~for ~~The negative impact of these factors on sales orders originating from an affected country would have an adverse effect on~~ our ~~borrowing~~common ~~capacity,~~shares ~~revenues,~~at ~~profitability~~this ~~and~~time ~~cash flows from operations. For example, unfavorable changes~~ in ~~exchange rates can increase~~ the ~~cost~~ ofUnited ~~our~~States ~~products~~which ~~and reduce revenues resulting in reduced profitability. In the event that our profitability is reduced and we are unable to maintain our profit margins, it~~ may beaffect ~~difficult~~your ~~to raise capital and reduce our borrowing~~ ability. ~~In addition, as has been recently experienced, general downturns in the technology sector worldwide have made fundraising difficult. Since the marketing of our products will require us~~ to ~~raise~~sell ~~capital, this may have an adverse effect on~~ our ~~ability to continue operations and to effectively market our products~~stock.

WeOur ~~are~~shares ~~dependent~~currently trade on ~~key~~the ~~personnel~~OTCQB ~~who~~with ~~have~~limited ~~extensive~~trading. ~~knowledge~~If ~~with~~this ~~respect~~market is not sustained or we are unable to ~~our~~satisfy ~~product~~any ~~and~~future ~~business~~trading criteria ~~and~~that ~~thus~~may be imposed by FINRA, there may not be any liquidity for our shares. We have generated only limited revenue from the ~~loss~~sale of ~~one~~our orproducts to ~~more~~date. ofThese ~~these~~factors ~~individuals~~could ~~may~~have ~~adversely~~a ~~affect~~negative impact on the liquidity of any investment made in our ~~business~~stock.

WeItem ~~are heavily dependent upon the expertise of our management and the loss of one or more of these individuals could have a material adverse effect~~1B. WeUnresolved doStaff not maintain key-person insurance policies on any of our executive officers. Since we are a technology and equipment based company, our future success also depends on our ability to continue to attract, retain and motivate highly skilled employees in the payments and communications and equipment manufacturing industry. Competition for employees in our industry is intense. We may be unable to retain key employees or attract, assimilate or retain other highly qualified employees in the future. Comments

~~The~~As ~~audit~~a ~~report~~“smaller ~~included~~reporting incompany”, ~~our~~we ~~Annual Report on Form 10-K was prepared by auditors who~~ are not ~~inspected~~required ~~by the Public Accounting~~to ~~Oversight~~provide ~~Board (“PCAOB”) and as a result, our shareholders are deprived of~~ the ~~benefit~~ ofinformation ~~having~~required ~~PCAOB~~by ~~inspections~~this Item.

~~The~~Item independent registered public accounting firm that issues the audit reports included in our annual reports filed with the SEC, as auditors of companies that are traded publicly in the United States and a firm registered with the Public Company Accounting Oversight Board (United States), or the “PCAOB”, is required by the laws of the United States to undergo regular inspections by the PCAOB to assess its compliance with the laws of the United States and professional standards2. Because our auditors are located in Hong Kong SAR, a jurisdiction where the PCAOB is currently unable to conduct inspections without the approval of the Hong Kong authorities, our auditors are not currently inspected by the PCAOB.Properties

~~Inspections~~Our ofprincipal ~~other~~executive ~~firms~~office ~~that the~~is ~~PCAOB~~located ~~has~~at ~~conducted~~Unit ~~outside~~8, ~~Hong~~3/F. ~~Kong SAR have identified deficiencies in~~Wah ~~those~~Yiu ~~firms'~~Industrial ~~audit~~Centre, ~~procedures~~30-32 ~~and~~Au ~~quality~~Pui ~~control~~Wan ~~procedures~~Street, ~~which~~Fotan, ~~may be addressed as part of the inspection process to improve future audit quality~~N.T. ~~The inability of the PCAOB to conduct inspections in~~ Hong Kong. ~~SAR prevents the~~This ~~PCAOB~~office ~~from~~is ~~regularly~~provided ~~evaluating~~by our ~~auditor's~~officer ~~statements, audits~~ and ~~quality control~~is ~~procedures.~~free ~~As a result, investors may be deprived~~ of ~~the benefits of PCAOB inspections~~charge.

~~The~~Item inability of the PCAOB to conduct inspections of auditors in Hong Kong SAR makes it more difficult to evaluate the effectiveness of our auditor's quality control and audit procedures as compared to auditors outside of Hong Kong SAR that are subject to PCAOB inspections3. ~~Investors~~Legal ~~may lose confidence in our reported financial information and procedures and the quality of our financial statements.~~Proceedings

We ~~may~~know beof ~~exposed~~no tomaterial, ~~risks~~existing ~~relating~~or topending ~~management’s~~legal proceedings ~~conclusion~~against ~~that~~us, ~~our~~nor ~~disclosure~~are ~~controls~~we ~~and~~involved ~~procedures~~as ~~and~~a ~~internal~~plaintiff ~~controls~~in any material proceeding or ~~over~~pending ~~financial~~litigation. ~~reporting~~There are ~~ineffective~~no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company.

WeItem ~~do not have an independent audit committee and our Board of Directors may be unable to fulfill the functions of such a committee, which may compromise the management of our business~~4. ~~Our~~Mine ~~Board~~Safety of Directors functions as our audit committee and is comprised of four directors, none of whom are considered to be "independent" in accordance with the requirements of Rule 10A-3 under the Exchange Act. An independent audit committee plays a crucial role in the corporate governance process, assessment of the Company's processes relating to its risks and control environment, oversight of financial reporting, and evaluation of internal and independent audit processes. The lack of an independent audit committee may prevent the Company Board of Directors from being independent in its judgments and decisions and its ability to pursue the committee's responsibilities, which could compromise the management of our business.Disclosures

WeNot ~~will need additional funds in order to implement our intended projects and there is no assurance that such funds will be available as, if and when needed which may adversely affect our operations~~applicable.

~~Cash~~PART flow used in operating activities of our continuing operations for the fiscal years ended December 31, 2017 and 2016 were $198,122 and $277,938, respectively. We have been dependent upon the proceeds of equity and non-equity financing to fund operations. No assurances can be given that our actual cash requirements will not exceed our budget or that anticipated revenues will be realized when needed, lines of credit will be available if necessary or that additional capital will be available.II

~~Prices~~Previously, ~~for~~our ~~raw~~stock ~~materials~~traded ~~required~~on ~~for~~the TSX Venture Exchange (“TSX-V”) which trading began on October 18, 2000. We voluntarily de-listed from the TSX-V on September 17, 2004. Our common stock began quotation on the OTC Bulletin Board on May 20, 2004 under the trading symbol “TAKDF”. On February 22, 2011 quotation of our ~~products~~common ~~are~~stock was moved to OTC Bulletin Board under the ~~volatile~~trading symbol TAKD. IfOur ~~there~~stock currently trades on the OTCQB electronic quotation service operated by OTC Markets Group, which is athe ~~significant~~successor ~~increase~~of the OTC Bulletin Board. Trading in stocks quoted on the OTCQB is often thin and is characterized by wide fluctuations in trading prices ofdue ~~raw~~to ~~materials~~many ~~our~~factors that ~~ability~~may have little to ~~generate~~do ~~revenue~~with ~~and~~a ~~achieve~~company's ~~profitability~~operations ~~may~~or ~~suffer~~business prospects. We cannot assure you that there will be a market for our common stock in the future.

~~All~~OTCQB ~~raw~~securities ~~materials for our products~~ are ~~sourced~~not ~~from~~listed ~~China~~or ~~and Taiwan.~~traded ~~Due~~on to the ~~fact~~floor ~~that many~~ of ~~our products use computer components, the~~an ~~price~~organized ofnational ~~these~~or ~~components~~regional ~~can~~stock ~~be highly volatile and are subject to the risk of obsolescence~~exchange. ~~In order to control costs and the risk of obsolescence~~Instead, weOTCQB securities ~~contract~~transactions ~~with~~are aconducted ~~manufacturer~~through at a ~~set~~telephone ~~price~~and ~~for~~computer ~~the~~network ~~building of our product over~~connecting adealers ~~number~~in ~~of terminals~~stocks. ~~Despite~~OTCQB ~~these~~issuers ~~efforts,~~are ~~there~~traditionally ~~can~~smaller becompanies ~~no assurance~~ that wedo not ~~will~~meet bethe ~~able~~financial toand ~~keep~~other ~~prices~~listing requirements of ~~raw materials at~~ a ~~cost~~regional ~~effective~~or ~~level for our~~national ~~operations.~~stock ~~If there is a significant increase in raw materials our ability to generate revenue and achieve profitability may suffer~~exchange.

~~Risks~~The ~~Relating~~following toquotations, ~~Our~~obtained ~~Stock~~from OTC Markets Group, reflect the high and low bids for our common shares based on inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

The ~~market~~following ~~price~~table ofshows the high and low bid quotations for our common ~~shares~~stock ~~has~~for ~~been~~each ~~and~~fiscal ~~will~~quarter ~~in all~~during ~~likelihood~~our ~~continue~~two tomost berecently ~~volatile~~completed fiscal ~~which~~years. ~~may~~These ~~adversely~~quotations ~~affect~~are ~~the~~based ~~value~~on ofinter-dealer prices, without retail ~~your~~mark-up, ~~investment.~~mark-down or commission, and may not represent actual transactions.

The market price of our common shares has fluctuated over a wide range and it is likely that the price of our common stock will continue to fluctuate in the future. Announcements regarding acquisitions, the status of corporate collaborations, regulatory approvals or other developments by us or our competitors could have a significant impact on the market price of our common shares.

OTC Markets Group Inc. OTCQB⁽¹⁾
Quarter Ended	High	Low
December 31, 2018	0.035	0.02
September 30, 2018	0.04365	0.015
June 30, 2018	0.16	0.035
March 31, 2018	0.07	0.04
December 31, 2017	$0.082	$0.06
September 30, 2017	$0.14	$0.06
June 30, 2017	$0.143	$0.07
March 31, 2017	$0.2113	$0.022
December 31, 2016	$0.24	$0.01

~~Our shares currently trade on the OTC Markets OTCQB~~ (~~“OTCQB”~~1) ~~with~~ ~~limited~~Over-the-counter ~~trading. If this~~ market ~~is not sustained or we are unable to~~quotations ~~satisfy~~reflect ~~any~~inter-dealer ~~future~~prices ~~trading~~without ~~criteria~~retail ~~that~~mark-up, ~~may~~mark-down beor ~~imposed by the Financial Industry Regulatory Authority (“FINRA”)~~commission, ~~there~~ and may not berepresent ~~any~~actual ~~liquidity for our shares~~transactions. ~~We have generated only limited revenue from the sale of our products to date. These factors could have a negative impact on the liquidity of any investment made in our stock.~~

~~The~~Our ~~value~~common ~~and~~shares ~~transferability~~are ofissued ~~our~~in ~~shares~~registered ~~may~~form. ~~be adversely~~Transfer ~~impacted~~Online, byInc., 512 SE Salmon St., Portland, OR 97214 (Telephone: (503) 227-2950) is the ~~penny~~registrar ~~stock~~and ~~rules~~transfer agent for our common shares.

InOn ~~addition,~~April holders of our common stock in the United States may experience substantial difficulty in selling their securities as a result of the “penny stock rules.” Our common stock is covered by the penny stock rules, a Securities and Exchange Commission (“SEC”) rule that imposes additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors, generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,~~000,000~~ ~~or annual income exceeding $200~~2019,~~000~~ ~~or $300,000 jointly with their spouse. For transactions covered by~~ the ~~rule,~~shareholders' ~~the~~list ~~broker-dealer~~showed ~~must~~136 registered ~~make~~shareholders ~~a special suitability determination for the purchaser~~ and ~~transaction prior to the sale. Consequently~~133,506,570 ~~the~~common ~~rule may affect the ability of broker-dealers to sell our securities and also may affect the ability of purchasers of our stock to sell their~~ shares ~~in the secondary market~~outstanding. ~~It may also cause fewer broker-dealers to make a market in our stock.~~

~~The~~Dividend ~~large~~Policy ~~number of shares eligible for future sale by existing shareholders may adversely affect the market price for our common shares.~~

~~Future~~We ~~sales~~have ofnot ~~substantial~~paid ~~amounts~~any ofcash dividends on our common ~~shares~~stock ~~in the~~and ~~public~~have ~~market,~~no orpresent ~~the~~intention ~~perception~~of ~~that~~paying ~~such~~any ~~sales~~dividends ~~could~~on ~~occur, could adversely affect~~ the ~~market~~shares ~~price~~ of our common ~~shares~~ stock. AtOur ~~April~~current 9,policy ~~2018,~~is weto ~~had 133~~retain earnings,~~506,570~~ ~~common~~if ~~shares outstanding. On that date~~any, wefor ~~had~~use noin ~~common shares~~our ~~reserved~~operations ~~for~~and ~~issuance~~in ~~under~~the ~~our~~development ~~stock~~of ~~option~~our ~~plan;~~business. ~~and~~Our nofuture ~~common~~dividend ~~shares reserved~~policy ~~for~~will ~~issuance~~be ~~under~~determined ~~the~~from ~~warrants~~time ~~issued~~to ~~pursuant~~time toby ~~various~~our ~~private~~board ~~placements~~of directors.

NoEquity ~~prediction~~Compensation ~~can~~Plan beInformation ~~made as to the effect, if any, that sales of shares of our common stock or the availability of such shares for sale will have on the market prices of our common stock.~~

We have ~~limited~~not ~~sales~~approved ofor ~~products~~adopted toany ~~date~~equity ~~and~~compensation ~~no assurance can be given that our products will be widely accepted in the marketplace which may adversely affect your investment~~plans.

~~Our~~Recent ~~future~~Sales ~~sales,~~of ~~and~~Unregistered ~~therefore,~~Securities; ~~cash~~Use ~~flow and income, and our success, are highly dependent on success in marketing our products and consumer acceptance~~ of ~~those products. If our products are not widely accepted or we are~~Proceeds ~~unable~~from toRegistered ~~market our products effectively, we may face reduced share prices, decreased profitability, and decreased cash flow.~~ Securities

~~There~~We isdid anot ~~limited~~sell ~~public~~any ~~market~~equity ~~for~~securities ~~our~~which ~~common~~were ~~shares~~not atregistered ~~this~~under ~~time~~the inSecurities Act during the ~~United~~year ~~States~~ended ~~which~~December ~~may~~31, ~~affect~~2018 ~~your~~that ~~ability~~were tonot otherwise ~~sell~~disclosed on our quarterly reports on Form 10-Q or our current reports ~~stock.~~on Form 8-K filed during the year ended December 31, 2018.

~~Our~~Purchase ~~shares~~of ~~currently~~Equity ~~trade~~Securities ~~on the OTCQB with limited trading. If this market is not sustained or we are unable to satisfy any future trading criteria that may be imposed~~ by ~~FINRA, there may not be any liquidity for our shares. We have generated only limited revenue from~~ the ~~sale~~Issuer ofand ~~our products to~~Affiliated ~~date.~~Purchasers ~~These factors could have a negative impact on the liquidity of any investment made in our stock.~~

~~Item~~We ~~1B.~~did ~~Unresolved~~not ~~Staff~~purchase ~~Comments~~any of our shares of common stock or other securities during our fourth quarter of our fiscal year ended December 31, 2018.

AsItem a6. ~~“smaller~~Selected ~~reporting~~Financial ~~company”, we are not required to provide the information required by this Item.~~ Data

~~Item~~As 2.a ~~Properties~~“smaller reporting company”, we are not required to provide the information required by this Item.

~~Our~~Item ~~principal executive office is located at Unit 8, 3/F~~7. ~~Wah Yiu~~Management’s ~~Industrial~~Discussion ~~Centre,~~and ~~30-32~~Analysis Auof ~~Pui~~Financial ~~Wan~~Condition ~~Street, Fotan, N.T. Hong Kong. This office is provided by our officer~~ and isResults ~~free~~ of ~~charge~~Operations.

~~Item~~The 3following discussion should be read in conjunction with our audited consolidated financial statements and the related notes for the years ended December 31, 2018 and 2017 that appear elsewhere in this annual report. The ~~Legal~~following ~~Proceedings~~discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this annual report, particularly in the section entitled "Risk Factors" beginning on page 7 of this annual report.

WeOur ~~know~~audited ofconsolidated nofinancial ~~material,~~statements ~~existing or pending legal proceedings against us, nor~~ are westated ~~involved as a plaintiff~~ in ~~any material proceeding or~~ ~~pending~~United ~~litigation.~~States ~~There~~Dollars and are noprepared ~~proceedings~~ in ~~which~~accordance ~~any~~with ofUnited ~~our directors,~~States ~~officers~~Generally orAccepted ~~affiliates,~~Accounting ~~or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company~~Principles.

~~Item~~Operating 4.Results ~~Mine Safety Disclosures~~

~~Not~~There ~~applicable.~~was no sales revenue for the period of last twelve months.

~~PART~~Results IIof Operation for the Years Ended December 31, 2018 Compared to the Year Ended December 31, 2017

~~Item~~Results ~~5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases~~ of ~~Equity~~Operation ~~Securities~~

~~Previously, our stock traded on the TSX Venture Exchange (“TSX-V”) which trading began on October 18, 2000. We voluntarily de-listed from the TSX-V on September 17, 2004.~~ Our ~~common~~operating ~~stock~~results ~~began~~for ~~quotation on~~ the ~~OTC Bulletin~~years ~~Board~~ended onDecember ~~May 20~~31, ~~2004~~2018 under the trading symbol “TAKDF”. On February 22, 2011 quotation of our common stock was moved to OTC Bulletin Board under the trading symbol TAKD. Our stock currently trades on the OTCQB electronic quotation service operated by OTC Markets Group, which is the successor of the OTC Bulletin Board. Trading in stocks quoted on the OTCQB is often thin and is ~~characterized~~2017 byare ~~wide~~summarized ~~fluctuations~~as infollows: ~~trading prices due to many factors that may have little to do with a company's operations or business prospects. We cannot assure you that there will be a market for our common stock in the future.~~

OTCQB securities are not listed or traded on the floor of an organized national or regional stock exchange. Instead, OTCQB securities transactions are conducted through a telephone and computer network connecting dealers in stocks. OTCQB issuers are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.

		Year Ended
		December 31,			December 31,
		2018			2017

Sales, net	$	-		$	-

Cost of sales	$	-		$	-

Gross Profit/(Loss)	$	-		$	-

Selling, general and administrative expenses	$	(208,089	)	$	(207,796	)

Loss from operations	$	(208,089	)	$	(207,796	)

Total Other income (expenses)	$	(221	)	$	(13,144	)

Provision for income taxes expense (benefit)	$	-		$	-

Net loss	$	(208,310	)	$	(220,940	)

Net loss attributable to non-controlling interest	$	-		$	-

Net loss attributable to TRANSAKT LTD.	$	(208,310	)	$	(220,940	)

~~The~~Revenues ~~following~~& ~~quotations,~~Cost ~~obtained~~of ~~from OTC Markets Group, reflect the high and low bids for our common shares based on inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.~~ Sales

~~The~~There ~~following~~was ~~table~~no ~~shows~~sales ~~the~~revenue ~~high and low bid quotations~~ for ~~our~~ ~~common~~the ~~stock~~year ~~for~~ended ~~each~~December ~~fiscal quarter during our two most recently completed fiscal years. These quotations are based on inter-dealer prices~~31, ~~without retail~~2018 ~~mark-up, mark-down or commission,~~ and ~~may not represent actual transactions~~2017.

OTC Markets Group Inc. OTCQB(1)
Quarter Ended	High	Low
December 31, 2017	$0.082	$0.06
September 30, 2017	$0.14	$0.06
June 30, 2017	$0.143	$0.07
March 31, 2017	$0.2113	$0.022
December 31, 2016	$0.24	$0.01
September 30, 2016	$0.25	$0.03
June 30, 2016	$0.014	$0.0061
March 31, 2016	$0.0125	$0.0049
December 31, 2015	$0.0075	$0.0041

Cost of sales was zero for the year ended December 31, 2018 since the zero sales in 2018.

~~(1) Over-the-counter market quotations reflect inter-dealer prices without retail mark-up~~Selling, ~~mark-down~~general ~~or commission,~~ and ~~may~~ ~~not~~administrative ~~represent actual transactions.~~ expenses

~~Our~~Selling, ~~common~~general ~~shares~~and ~~are~~administrative ~~issued~~expenses infor ~~registered~~the ~~form.~~year ~~Transfer~~ended ~~Online,~~December ~~Inc.~~31, ~~512~~2018 SEtotaled ~~Salmon St.~~$208,089 ~~Portland,~~compared ORto ~~97214~~operating ~~(Telephone:~~expenses ~~(503)~~of ~~227-2950)~~$207,796 isduring the ~~registrar~~year ~~and~~ended ~~transfer~~December ~~agent~~31, ~~for~~2017. ~~our~~Almost ~~common~~same ~~shares.~~as last year.

OnLoss ~~April~~from 9,Operations ~~2018, the shareholders' list showed 136 registered shareholders and 133,506,570 common shares outstanding.~~

~~Dividend~~Loss ~~Policy~~from operations for the year ended December 31, 2018 totaled $208,089 compared to $207,796 from the same period in 2017. Almost same as last year.

WeOther ~~have~~Income ~~not~~(expenses) paid any cash dividends on our common stock and have no present intention of paying any dividends on the shares of our common stock. Our current policy is to retain earnings, if any, for use in our operations and in the development of our business. Our future dividend policy will be determined from time to time by our board of directors.

~~Equity~~Other ~~Compensation~~(expense) ~~Plan~~/ ~~Information~~income decrease approximately $(12,923) to $(221) for the year ended December 31, 2018 from ($13,144) for the same period in 2017. The decrease in net other expense was primarily due to the decrease in interest expense on convertible note.

WeNet ~~have~~loss ~~not approved or adopted any equity compensation plans.~~

~~Recent~~As ~~Sales~~a result of ~~Unregistered~~the ~~Securities;~~above ~~Use~~factors, we have net loss attributable to the Company’s common stockholders of ~~Proceeds~~approximately $208,310 for the year ~~from~~ended ~~Registered~~December ~~Securities~~31, 2018 as compared to a loss of $220,940 for the year ended December 31, 2017, representing a decrease of approximately $12,630.

WeLiquidity did not sell any equity securities which were not registered under the Securities Act during the year ended December 31, 2017 that were not otherwise disclosed on our quarterly reports on Form 10-Q or our current reports on Form 8-K filed during the year ended December 31, 2017.

~~Purchase~~Working ofCapital ~~Equity Securities by the Issuer and Affiliated Purchasers~~

We did not purchase any of our shares of common stock or other securities during our fourth quarter of our fiscal year ended December 31, 2017.

		At		At
		December 31,		December 31,
		2018		2017
Current assets	$	239,088	$	445,630

Current liabilities	$	37,287	$	35,656

Working capital	$	201,801	$	409,974

~~Item~~Cash 6.Flows ~~Selected Financial Data~~

As a “smaller reporting company”, we are not required to provide the information required by this Item.

		Fiscal year ended December 31,
		2018		2017
Net cash used in operating activities	$	208,679	$	198,122
Net cash used in investing activities	$	-	$	-
Net cash provided by financing activities	$	-	$	-

~~Item~~Net 7.cash ~~Management’s~~flow ~~Discussion~~used ~~and~~in ~~Analysis~~operating ofactivities ~~Financial~~was ~~Condition~~$208,679 ~~and~~in 2018, ~~Results~~compared to $198,122 in 2017, an increase of ~~Operations~~$10,557. The increase in net cash flow used in operating activities was mainly due to higher operation cost.

~~The~~There ~~following~~is ~~discussion~~no ~~should~~net becash ~~read~~flow used in ~~conjunction~~investing ~~with~~activities ~~our audited consolidated financial statements and the related notes~~ for ~~the years~~2018 ~~ended December 31, 2017~~ and ~~2016 that appear elsewhere in this annual report~~2017. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this annual report, particularly in the section entitled "Risk Factors" beginning on page 10 of this annual report.

~~Our~~There ~~audited~~is ~~consolidated~~no ~~financial~~net ~~statements~~cash ~~are~~flow ~~stated~~provided ~~in United~~by ~~States~~financing ~~Dollars~~activities ~~and are prepared in accordance with United States~~for ~~Generally~~2018 ~~Accepted~~and ~~Accounting Principles~~2017.

~~Operating~~Our ~~Results~~working capital was $201,801 as of December 31, 2018 compared to $409,974 as of December 31, 2017.

NoIn ~~business~~management’s ~~activities~~opinion, our working capital is not currently sufficient for ~~the~~our ~~period~~present requirements. However, we will continue to evaluate alternative sources of ~~last~~capital ~~twelve~~to meet our growth requirements, including other ~~months~~asset or debt financing, issuing equity securities and entering into other financing arrangements. There can be no assurance, however, that any of the contemplated financing arrangements described herein will be available and, if available, can be obtained on terms favorable to us.

~~Results~~Historically, operations and short-term financing have been sufficient to meet our cash needs. We believe that we will be raise capital through private placement offerings of ~~Operation~~our ~~for~~equity securities to provide the necessary ~~Years~~cash ~~Ended~~flow ~~December~~to 31meet anticipated working capital requirements. However, ~~2017~~our ~~Compared~~actual toworking capital needs for the ~~Year~~long ~~Ended~~and ~~December~~short 31-term will depend upon numerous factors, ~~2016~~including operating results, competition, and the availability of credit facilities, none of which can be predicted with certainty. Future expansion will be limited by the availability of financing products and raising capital.

~~Results~~Capital ofExpenditure ~~Operation~~

~~Our~~Total ~~operating~~capital ~~results~~expenditures were $0 for the years ended December 31, ~~2017~~2018 and ~~2016~~ ~~are~~2017, ~~summarized~~respectively. ~~as follows:~~

		Year Ended
		December 31,			December 31,
		2017			2016
Sales, net	$	-		$	-
Cost of sales	$	-		$	-
Gross Profit(Loss)	$	-		$	-
Selling, general and administrative expenses	$	(207,796	)	$	(258,313	)
Loss from operations	$	(207,796	)	$	(258,313	)
Total Other income (expenses)	$	(13,144	)	$	(41,187	)
Provision for income taxes expense (benefit)	$	Nil		$	Nil
Net loss	$	(220,940	)	$	(299,500	)
Net loss attributable to non-controlling interest	$	-		$	-
Net loss attributable to TRANSAKT LTD.	$	(220,940	)	$	(299,500	)

Currency Exchange Fluctuations

~~Revenues~~The &Company ~~Cost~~financial statements are presented in the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. ~~Sales~~Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

~~There~~In ~~was~~accordance nowith ~~sales~~ASC ~~revenue~~830, ~~for~~Foreign Currency Matters, the Company ~~year~~translates ~~ended~~the ~~December~~assets ~~31,~~and ~~2017~~liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and ~~2016~~the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~Cost~~Cash ~~of sales was zero for the year ended December 31, 2017 since the zero sales in 2017.~~Requirements

~~Selling~~We used cash in operations of $208,679 ~~general~~for the year ended December 31, 2018. We continue to be dependent on the proceeds of equity and non-equity ~~administrative~~financing ~~expenses~~to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us.

~~Selling,~~Research ~~general~~ and ~~administrative~~Development expenses for the year ended December 31, 2017 totaled $207,796 compared to operating expenses of $258,313 during the year ended December 31, 2016 down by 20% The decrease in operating expenses was primarily due to the tightening of budget during the year.

~~Loss~~No ~~from~~research ~~Operations~~and development expenses were incurred in 2018 or 2017.

~~Loss~~Off-Balance ~~from~~Sheet ~~operations~~Arrangements for the year ended December 31, 2017 totaled $207,796 compared to $258,313 from the same period in 2016 decreased by $50,517. The decrease was primarily due to the tightening of budget during the year.

~~Other~~We ~~Income~~have (no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses), results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

~~Other~~Critical ~~(expense)~~Accounting / income decrease approximately $(28,043) to $(13,144) for the year ended December 31, 2017 from ($41,187) for the same period in 2016. The increase in net other expense was primarily due to the decrease in interest expense on convertible note. Policies

~~Net~~Principles ~~loss~~of Consolidation

AsThe aconsolidated ~~result~~financial ofstatements include the ~~above~~accounts ~~factors, we have net loss attributable~~of toTransAKT ~~the~~(BVI) ~~Company’s~~Limited ~~common~~and ~~stockholders~~its ofwholly ~~approximately~~owned ~~$220~~subsidiaries,~~940~~ ~~for~~TransAKT ~~the~~Bio ~~year~~Agritech ~~ended December 31~~Ltd., ~~2017~~collectively asreferred ~~compared~~ to awithin ~~loss~~as ofthe ~~$299,500~~Company. ~~for~~All ~~the~~material ~~year ended~~intercompany ~~December 31~~accounts, ~~2016~~transactions, ~~representing~~and aprofits ~~decrease~~have ofbeen ~~approximately~~eliminated ~~$78,560~~in consolidation.

~~Inflation~~Going Concern

~~Our~~We ~~opinion~~has isincurred ~~that~~a ~~inflation~~net ~~has~~loss ~~not~~attributable ~~had~~to the Company’s common stockholders of $208,310 and is$220,940 ~~not~~during ~~expected~~the years ended December 31, 2018 toand ~~have~~2017, arespectively, ~~material~~and ~~effect~~has onan ~~our~~accumulated ~~operations.~~deficit of $22,558,836 and $22,350,526 as of December 31, 2018 and December 31, 2017, respectively.

~~Climate~~The ~~Change~~accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.

~~Our~~ The ~~opinion~~ability of the Company to continue research and development projects and realize the capitalized value of proprietary technologies and related assets is ~~that~~dependent ~~neither~~upon ~~climate~~future ~~change,~~commercial ~~nor~~success ~~governmental~~of the technologies and raising sufficient funds to ~~regulations~~continue ~~related~~research and development as well as to ~~climate~~effectively ~~change~~market its products. Through December 31, ~~have~~2018, ~~had~~the Company has not realized commercial success of the technologies, ornor ~~are~~have ~~expected~~they raised sufficient funds to ~~have,~~continue ~~any~~research and ~~material~~development ~~effect~~or onto ~~our~~market ~~operations~~its products.

~~Liquidity~~ There can be no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

~~Working~~ The ~~Capital~~Company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) The Company plans to continue actively seeking additional funding opportunities to improve and expand upon our product lines.

		At		At
		December 31,		December 31,
		2017		2016
Current assets	$	445,630	$	648,601
Current liabilities	$	35,656	$	1,063,504
Working capital	$	409,974	$	(414,903	)

Use of Estimates

~~Cash~~ The ~~Flows~~preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make certain 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. Actual results could differ from those estimates.

		Fiscal year ended December 31,
		2017		2016
Net cash used in operating activities	$	198,122	$	277,938
Net cash used in investing activities	$	-	$	-
Net cash provided by financing activities	$	-	$	809,000

Revenue Recognition

~~Net~~ Revenues ~~cash~~are ~~flow~~recognized ~~used~~when infinished ~~operating~~products ~~activities~~are ~~was~~shipped ~~$198,122~~to ~~in 2017,~~customers ~~compared~~and toboth ~~$277,938~~title inand ~~2016,~~the arisks ~~decrease~~and rewards of ~~$79,816~~ownership are transferred and collectability is reasonably assured. The ~~decrease~~Company’s inrevenues ~~net cash~~are ~~flow~~recorded ~~used~~upon inconfirmed acceptance ~~operating~~after ~~activities~~inspection ~~was~~by ~~mainly~~the ~~due~~customers toof ~~lower~~the ~~operation cost~~Company.

~~There is no net cash flow used in investing activities for 2017~~ ~~and~~Exchange ~~2016.~~Gain (Loss):

~~Net~~ During ~~cash~~the ~~flow~~years ~~provided~~ended byDecember ~~financing~~31, ~~activities~~2018 ~~was~~and ~~$0 for~~ 2017, ~~compared~~ tothe ~~net~~transactions ~~cash~~of ~~flow~~TransAKT ~~provided~~Bio byAgritech ~~financing~~Ltd. ~~activities~~were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of ~~$809,000~~exchange ~~for~~in ~~2016,~~effect when the transactions occur. aExchange ~~decrease~~gains ofand ~~$809,000~~losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

~~Our working capital was $409,974 as of December 31, 2017~~ ~~compared~~Translation ~~to $(414,903) as of December 31, 2016.~~Adjustment

In The ~~management~~Company financial statements are presented in the U.S. dollar ($), which is the Company’s ~~opinion~~reporting currency, ~~our~~while ~~working~~its ~~capital~~functional currency is ~~not~~Hong ~~currently sufficient~~Kong ~~for~~Dollar ~~our~~(HKD). ~~present~~Transactions ~~requirements.~~in ~~However,~~foreign wecurrencies ~~will~~are ~~continue~~initially torecorded ~~evaluate~~at the ~~alternative~~functional ~~sources~~currency rate ruling at the date of ~~capital~~transaction. toAny ~~meet~~differences ~~our~~between ~~growth~~the ~~requirements,~~initially ~~including~~recorded ~~other asset~~amount and the settlement amount are recorded as a gain or ~~debt~~loss ~~financing,~~on ~~issuing~~foreign ~~equity~~currency ~~securities~~transaction ~~and~~in ~~entering~~the ~~into~~consolidated ~~other financing~~statements ~~arrangements~~of income. Monetary ~~There~~assets ~~can~~and beliabilities nodenominated ~~assurance,~~in ~~however,~~foreign ~~that~~currency ~~any~~are translated at the functional currency rate of exchange ruling at the ~~contemplated~~ ~~financing~~balance ~~arrangements~~sheet ~~described~~date. ~~herein~~Any ~~will~~differences beare ~~available~~taken ~~and,~~to ~~if available,~~profit ~~can~~or beloss ~~obtained~~as a gain or loss on ~~terms~~foreign ~~favorable~~currency translation toin usthe statements of income.

~~Historically,~~ In ~~operations~~accordance ~~and~~with ~~short-term~~ASC ~~financing~~830, ~~have~~Foreign ~~been sufficient~~Currency toMatters, ~~meet~~the ~~our~~Company ~~cash~~translates ~~needs.~~the Weassets ~~believe~~and ~~that~~liabilities weinto ~~will~~U.S. bedollar ~~raise~~($) ~~capital through~~using ~~private~~the ~~placement~~rate ~~offerings~~ of ~~our~~exchange ~~equity~~prevailing ~~securities~~at ~~to provide~~ the ~~necessary~~ ~~cash~~balance ~~flow~~sheet todate ~~meet~~and ~~anticipated~~the ~~working~~statements ~~capital~~of ~~requirements.~~operations ~~However, our actual working capital needs for the long~~ and ~~short~~cash ~~-term~~flows ~~will depend upon~~are ~~numerous~~translated ~~factors,~~at ~~including~~an ~~operating~~average ~~results,~~rate ~~competition,~~during ~~and~~ the ~~availability of~~reporting ~~credit~~period. ~~facilities,~~Adjustments ~~none~~resulting offrom ~~which~~the ~~can~~translation befrom ~~predicted~~HKD ~~with~~into ~~certainty~~U.S. ~~Future expansion~~dollar ~~will~~are berecorded ~~limited~~in bystockholders’ ~~the~~equity ~~availability~~as part of ~~financing~~accumulated ~~products~~other ~~and~~comprehensive ~~raising capital~~income.

~~Capital~~ Comprehensive ~~Expenditure~~Income

~~Total~~ Comprehensive ~~capital~~income ~~expenditures~~includes ~~were~~accumulated $0foreign ~~for~~currency translation gains and losses. The Company has reported the ~~years~~components ~~ended~~of ~~December 31,~~comprehensive ~~2017~~income ~~and~~on ~~2016,~~its ~~respectively.~~statements of stockholders’ equity.

~~Currency Exchange Fluctuations~~ Advertising

~~The Company financial statements are presented in the U.S.~~ ~~dollar~~Advertising ~~($),~~expenses ~~which~~consist isprimarily ~~the~~of ~~Company’s~~costs ~~reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date~~ of ~~transaction.~~ ~~Any~~promotion ~~differences~~for ~~between~~corporate ~~the~~image ~~initially recorded amount~~ and ~~the settlement~~product ~~amount~~marketing ~~are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets~~ and ~~liabilities denominated~~costs ~~in foreign currency are translated at the functional currency rate~~ of ~~exchange~~direct ~~ruling at the balance sheet date~~advertising. ~~Any~~The ~~differences~~Company ~~are~~expenses ~~taken~~all ~~to profit~~advertising orcosts ~~loss~~ as ~~a gain or loss on foreign currency translation in the statements of income~~incurred.

~~In accordance with ASC 830, Foreign Currency Matters, the~~ ~~Company~~Income translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.Taxes

~~Cash~~ The ~~Requirements~~Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

~~We used cash in operations of $198,122 for the year ended~~ ~~December~~Statement ~~31, 2017. We continue to be dependent on the proceeds~~ of ~~equity~~Cash and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us.Flows

~~Research~~ Cash flows from the Company's operations are based upon the local currencies. As a result, amounts related to assets and ~~Development~~liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

~~No significant research and development expenses were incurred~~ inConcentration ~~2017~~of orCredit ~~2016.~~ Risk

~~Off~~ Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable and other receivables arising from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for un-~~Balance~~collectible ~~Sheet~~accounts ~~Arrangements~~and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

~~We have no off-balance sheet arrangements that have or are~~ ~~reasonably~~Cash ~~likely~~and toCash have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders. Equivalents

~~Critical~~ Cash ~~Accounting~~and ~~Policies~~cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.

~~Principles~~ Fair Value of ~~Consolidation~~Financial Instruments

~~The~~ In ~~consolidated~~the ~~financial~~first ~~statements~~quarter ~~include~~of fiscal year 2008, the ~~accounts~~Company ~~of TransAKT~~adopted ~~(BVI)~~Accounting ~~Limited~~Standards Codification subtopic 820-10, Fair Value Measurements and ~~its~~Disclosures ~~wholly~~(“ASC ~~owned~~820-10”). ~~subsidiaries~~ASC 820-10 defines fair value, ~~TransAKT~~establishes ~~Bio~~a ~~Agritech~~framework for measuring ~~Ltd.~~fair value, ~~collectively~~and ~~referred~~enhances tofair ~~within~~value asmeasurement ~~the Company~~disclosure. ~~All~~ASC ~~material~~820-10 ~~intercompany accounts~~delays, ~~transactions~~until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and ~~profits~~non-financial ~~have~~liabilities, ~~been~~except ~~eliminated~~those that are recognized or disclosed at fair value in ~~consolidation~~the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Going~~ Effective ~~Concern~~October 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of these statements had an impact on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

~~We has incurred a net loss attributable to the Company’s common~~ ~~stockholders~~Stock-based of $220,940 and $299,500 during the years ended December 31, 2017 and 2016, respectively, and has an accumulated deficit of $22,350,526 and $22,129,586 as of December 31, 2017 and December 31, 2016, respectively.Compensation

The ~~accompanying~~Company ~~consolidated~~records ~~financial~~stock-based ~~statements~~compensation ~~have~~expense ~~been~~pursuant ~~prepared~~to ~~assuming~~ASC ~~that~~718-10, ~~the~~"Share ~~Company~~Based ~~will~~Payment ~~continue~~Arrangement,” aswhich arequires companies ~~going~~to ~~concern.~~measure ~~This~~compensation ~~basis~~cost for stock-based employee compensation ofplans ~~accounting~~at ~~contemplates~~fair value at the ~~recovery~~grant ofdate and recognize the expense over the employee's requisite service period. The Company’s ~~assets~~expected ~~and~~volatility assumption is based on the ~~satisfaction~~ historical volatility of ~~liabilities~~Company’s instock or the expected ~~normal~~volatility ~~course~~ of ~~business~~similar entities. ~~This~~The ~~presentation presumes~~expected ~~funds~~life ~~will~~assumption beis primarily ~~available~~based toon ~~finance~~historical ~~ongoing~~exercise ~~research~~patterns and ~~development,~~employee post-vesting ~~operations~~termination ~~and~~behavior. ~~capital~~The ~~expenditures~~risk-free ~~and~~interest ~~permit~~rate for the ~~realization~~expected term of ~~assets and~~ the ~~payment~~option ofis ~~liabilities~~based inon the ~~normal~~U.S. ~~course~~Treasury ofyield ~~operations~~curve ~~for~~in effect at the ~~foreseeable future.~~time of grant.

~~The~~Stock-based ~~ability~~compensation ofexpense ~~the~~is ~~Company~~recognized tobased ~~continue~~on ~~research and development~~awards ~~projects~~expected ~~and~~to ~~realize~~vest, ~~the capitalized value of proprietary technologies~~ and ~~related~~ ~~assets~~there iswere ~~dependent~~no ~~upon~~estimated ~~future~~forfeitures ~~commercial~~as ~~success~~the ofCompany ~~the~~has ~~technologies~~a ~~and~~short ~~raising~~history ~~sufficient~~of ~~funds~~issuing tooptions. ~~continue~~ASC ~~research~~718-10 ~~and~~requires ~~development~~forfeitures ~~as well as~~ to be ~~effectively~~estimated ~~market~~at ~~its products. Through December 31, 2017,~~ the ~~Company~~time ~~has~~of ~~not realized~~grant ~~commercial~~and ~~success~~revised ofin ~~the~~subsequent ~~technologies~~periods, ~~nor~~if ~~have they raised sufficient~~necessary, ~~funds~~if toactual ~~continue~~forfeitures ~~research~~differ ~~and~~from ~~development~~those ~~or to market its products~~estimates.

~~There~~Net ~~can~~Loss bePer no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. Share

The Company has ~~taken~~adopted ~~certain~~Accounting ~~restructuring~~Standards ~~steps~~Codification subtopic to260-10, ~~provide the~~Earnings ~~necessary~~Per ~~capital~~Share to(“ASC ~~continue~~260-10”) ~~its~~which ~~operations.~~specifies ~~These~~the computation, ~~steps~~presentation ~~included:~~and ~~(1)~~disclosure requirements of earnings per share ~~Tightly~~information. ~~budgeting~~Basic ~~and~~earnings ~~controlling~~per ~~all~~share ~~expenses;~~have ~~(2)~~been ~~The~~calculated ~~Company~~based ~~plans~~upon tothe ~~continue~~weighted ~~actively~~average ~~seeking~~number ~~additional~~of ~~funding~~common ~~opportunities~~shares tooutstanding. ~~improve~~Common ~~and~~equivalent ~~expand~~shares ~~upon~~are ~~our~~excluded ~~product~~from ~~lines.~~the computation of the diluted loss per share if their effect would be anti-dilutive.

~~Use~~Intangible ofassets ~~Estimates~~

~~The~~Intangible ~~preparation~~assets ofinclude ~~financial~~a ~~statements~~patent. inWith ~~conformity~~the ~~with~~adoption of FASB ~~generally~~ASC ~~accepted~~Topic ~~accounting~~350, ~~principles~~“Intangibles”, inintangible ~~the~~assets ~~United~~with ~~States~~a ~~(“GAAP”)~~definite ~~requires~~life are ~~management~~amortized toon ~~make~~a ~~certain~~straight-line ~~estimates~~basis. ~~and~~The ~~assumptions~~patent ~~that~~is ~~affect~~being ~~the~~amortized ~~reported~~over its ~~amounts~~estimated life of 10 years. Intangible assets ~~and~~with ~~liabilities~~a ~~and~~definite ~~disclosure~~life are tested for impairment whenever events or circumstances indicate that a carrying amount of ~~contingent~~an ~~assets~~asset ~~and~~(asset group) may not be recoverable. An impairment loss would be ~~liabilities~~recognized atwhen the ~~date~~carrying amount of an asset exceeds the ~~financial~~estimated undiscounted ~~statements~~cash ~~and~~flows used in determining the ~~reported~~fair ~~amounts~~value of the asset. The ~~revenues~~amount ~~and~~of ~~expenses~~the ~~during~~impairment loss to be recorded is calculated by the ~~reporting~~excess ~~period~~of the asset’s carrying value over its fair value. ~~Actual~~Fair ~~results~~value ~~could~~is ~~differ~~generally determined ~~from~~using ~~those~~a ~~estimates~~discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Revenue~~Recent ~~Recognition~~accounting pronouncements

~~Revenues~~The ~~are~~FASB ~~recognized~~issued ~~when~~an ~~finished~~Accounting ~~products~~Standards ~~are~~Update ~~shipped~~(ASU) ~~to customers~~that ~~and both title and the risks and rewards of ownership are transferred~~helps ~~and~~organizations ~~collectability~~address iscertain ~~reasonably~~stranded ~~assured.~~income ~~The~~tax ~~Company’s~~effects ~~revenues~~in ~~are~~accumulated ~~recorded~~other ~~upon~~comprehensive ~~confirmed~~income ~~acceptance~~(AOCI) ~~after~~resulting ~~inspection~~from by the ~~customers~~Tax ofCuts ~~the~~and ~~Company~~Jobs Act.

~~Exchange~~ASU ~~Gain~~No. 2018-02, Income Statement—Reporting Comprehensive Income (~~Loss~~Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded.

~~During~~The ~~the~~ASU ~~years~~requires ~~ended~~financial ~~December~~statement ~~31,~~preparers ~~2017~~to and 2016, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of exchange in effect when the transactions occur. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled. disclose:

~~Translation~~• ~~Adjustment~~A description of the accounting policy for releasing income tax effects from AOCI; • Whether they elect to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and • Information about the other income tax effects that are reclassified.

The ~~Company~~amendments ~~financial~~affect ~~statements~~any ~~are~~organization ~~presented~~that ~~in the U.S. dollar ($), which~~ is ~~the~~required ~~Company’s reporting currency, while its functional~~to ~~currency~~apply ~~is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at~~ the ~~functional~~provisions ~~currency~~of ~~rate~~Topic ~~ruling~~220, atIncome ~~the~~Statement—Reporting ~~date of~~Comprehensive ~~transaction.~~Income, ~~Any differences between the initially recorded amount~~ and ~~the settlement~~has ~~amount~~items ~~are~~of ~~recorded~~other ascomprehensive ~~a gain or loss on foreign currency transaction in the consolidated statements of~~ income. ~~Monetary~~for ~~assets~~which ~~and liabilities denominated in foreign currency are translated at~~ the ~~functional~~related ~~currency rate~~tax ofeffects ~~exchange ruling at the balance sheet date. Any differences~~ are ~~taken~~presented ~~to profit~~in orother ~~loss~~comprehensive income as arequired ~~gain~~by ~~or loss on foreign currency translation in the statements of income~~GAAP.

InThe ~~accordance~~amendments ~~with~~are ~~ASC~~effective ~~830,~~for ~~Foreign~~all ~~Currency~~organizations ~~Matters,~~for ~~the~~fiscal ~~Company~~years ~~translates~~beginning ~~the~~after ~~assets~~December ~~and~~15, ~~liabilities~~2018, ~~into~~and ~~U.S.~~interim ~~dollar~~periods ~~($)~~within ~~using~~those ~~the~~fiscal ~~rate~~years. ofEarly ~~exchange~~adoption ~~prevailing~~is atpermitted. ~~the~~Organizations ~~balance~~should ~~sheet~~apply ~~date~~the ~~and~~proposed amendments either in the ~~statements~~period of ~~operations~~ ~~and~~adoption ~~cash~~or ~~flows~~retrospectively ~~are~~to ~~translated~~each period at(or anperiods) ~~average~~in ~~rate~~which ~~during~~ the ~~reporting~~effect ~~period. Adjustments~~of ~~resulting from~~ the ~~translation~~change ~~from~~in ~~HKD~~the ~~into~~ U.S. ~~dollar are~~federal ~~recorded~~corporate income tax rate in ~~stockholders’~~the ~~equity~~Tax asCuts ~~part~~and ofJobs ~~accumulated~~Act ~~other~~is ~~comprehensive income~~recognized.

~~Comprehensive~~The FASB has issued Accounting Standards Update (ASU) No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ASU 2018-05 amends certain SEC material in Topic 740 for the income tax accounting implications of the recently issued Tax Cuts and Jobs Act (Act).

~~Comprehensive~~ASU ~~income~~2018-05 ~~includes~~adds ~~accumulated~~the ~~foreign~~following ~~currency translation~~guidance, ~~gains~~among ~~and~~other ~~losses.~~things, ~~The Company has reported~~ to the ~~components~~FASB ~~of comprehensive~~Accounting ~~income~~Standards onCodification™ ~~its~~regarding ~~statements~~the ~~of stockholders’ equity.~~Act:

~~Advertising~~• Question 1:If the accounting for certain income tax effects of the Act is not completed by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete?

~~Advertising~~• Answer ~~expenses~~1:In ~~consist~~a ~~primarily~~company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of ~~costs~~the Act in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of ~~promotion~~the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which ~~corporate~~a ~~image~~reasonable ~~and~~estimate ~~product~~cannot ~~marketing~~be determined, the company would not report provisional amounts and ~~costs~~would continue to apply Topic 740 based on the provisions of ~~direct~~the ~~advertising~~tax laws that were in effect immediately prior to the Act being enacted. ~~The~~For those income tax effects for which a company was not able to ~~Company~~determine ~~expenses~~a ~~all~~reasonable ~~advertising~~estimate ~~costs~~(such asthat ~~incurred~~no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined.

~~Income~~• Question ~~Taxes~~2: If an entity accounts for certain income tax effects of the Act under a measurement period approach, what disclosures should be provided?

• Answer 2:The ~~Company~~staff ~~accounts~~believes ~~for~~an ~~income~~entity ~~taxes~~should ininclude ~~accordance~~financial statement ~~with~~disclosures ~~ASC~~to provide information about the material financial ~~740,~~reporting ~~Income~~impacts ~~Taxes,~~of ~~which~~the ~~requires~~Act ~~that~~for which the ~~Company~~accounting ~~recognize~~under ~~deferred~~Topic ~~tax~~740 is ~~liabilities~~incomplete, ~~and~~including:a. ~~assets~~Qualitative ~~based~~disclosures onof the ~~differences~~income ~~between~~tax effects of the ~~financial~~Act ~~statement carrying~~for ~~amounts~~which ~~and~~ the ~~tax~~accounting ~~basis~~is incomplete;b. Disclosures of ~~assets~~items reported ~~and~~as ~~liabilities,~~provisional ~~using~~amounts;c. ~~enacted~~Disclosures ~~tax~~of existing current or ~~rates~~deferred intax ~~effect~~amounts infor which the ~~years~~income tax effects of the ~~differences~~Act ~~are~~have ~~expected~~not tobeen completed;d. ~~reverse~~The reason why the initial accounting is incomplete;e. ~~Deferred~~The ~~income~~additional ~~tax~~information ~~benefit~~that ~~(expense)~~is ~~results~~needed ~~from~~to ~~the~~be ~~change~~obtained, prepared, or analyzed in order ~~net~~to ~~deferred~~complete ~~tax~~the ~~assets or~~accounting ~~deferred~~requirements ~~tax~~under ~~liabilities~~Topic 740;f. AThe ~~valuation~~nature and ~~allowance~~amount isof ~~recorded~~any ~~when,~~measurement inperiod adjustments recognized during the reporting ~~opinion~~period;g. The effect of ~~management,~~measurement itperiod isadjustments ~~more~~on ~~likely~~the ~~than~~effective ~~not~~tax rate; ~~that~~andh. ~~some~~When orthe ~~all~~accounting for the income tax effects of ~~any~~the Act has ~~deferred~~been ~~tax~~completed. ~~assets~~ASU ~~will~~2018-05 ~~not~~is beeffective ~~realized~~upon inclusion in the FASB Codification.

~~Statement~~The FASB has issued Accounting Standards Update (ASU) No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, that reduces the cost and complexity of financial ~~Cash~~reporting ~~Flows~~associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights.

~~Cash~~The ~~flows~~new ~~from~~guidance supersedes the ~~Company's~~private ~~operations~~company ~~are~~alternative ~~based upon the~~for ~~local~~common ~~currencies.~~control Asleasing aarrangements ~~result,~~issued ~~amounts~~in ~~related~~2014 ~~to assets~~ and ~~liabilities reported~~expands onit ~~the~~to ~~statement of cash flows will not necessarily agree with changes~~all inqualifying ~~the~~common ~~corresponding~~control ~~balances on the balance sheet~~arrangements.

~~Concentration~~Under ofthe ~~Credit~~new ~~Risk~~standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance.

~~Financial~~Additionally, ~~instruments~~a ~~that~~private ~~potentially~~company ~~subject~~electing the ~~Company~~alternative tois ~~concentrations~~required ofto ~~credit~~provide ~~risk~~detailed ~~are~~disclosures ~~accounts~~about ~~receivable and other receivables arising from~~ its ~~normal~~involvement ~~business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals~~with, ~~credit limits~~ and ~~monitoring procedures. The Company~~ ~~routinely~~exposure ~~assesses the financial strength of its customers and~~to, ~~based upon factors surrounding~~ the ~~credit~~legal ~~risk,~~entity ~~establishes~~under ancommon ~~allowance, if required, for un-collectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited~~control.

~~Cash~~The ~~and~~ASU ~~Cash~~also ~~Equivalents~~amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs.

~~Cash~~For ~~and~~organizations ~~cash~~other ~~equivalents~~than ~~include~~private ~~cash~~companies, the amendments in ~~hand~~this ASU are effective for fiscal years beginning after December 15, 2019, and ~~cash~~interim periods within those fiscal years. The amendments in ~~time~~this ASU are ~~deposits,~~effective ~~certificates~~for ofa ~~deposit~~private ~~and~~company ~~all~~for ~~highly~~fiscal ~~liquid~~years ~~debt~~beginning ~~instruments~~after ~~with~~December 15, ~~original~~2020, ~~maturities~~and ofinterim ~~three~~periods ~~months~~within orfiscal ~~less~~years beginning after December 15, 2021. Early adoption is permitted.

~~Fair~~Tabular ~~Value~~Disclosure of ~~Financial~~Contractual ~~Instruments~~Obligations

InOperating ~~the~~Leases first quarter of fiscal year 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Effective~~We ~~October~~were 1,not ~~2008,~~party the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to ~~choose~~any toleases ~~measure~~agreement ~~many financial~~during ~~instruments and certain other items at fair value. Neither of these statements had an impact on~~ the ~~Company’s~~year ~~unaudited condensed consolidated financial position, results of operations or cash flows. The~~ended ~~carrying~~December ~~value of cash and cash equivalents~~31, ~~accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments~~2018.

~~Stock-based~~Contractual ~~Compensation~~Obligations

~~The~~As ~~Company~~a ~~records~~“smaller ~~stock-based~~reporting ~~compensation expense pursuant to ASC 718-10~~company”, ~~"Share~~we ~~Based~~are ~~Payment~~not ~~Arrangement,”~~required ~~which requires companies~~ to ~~measure compensation cost for stock-based employee compensation~~ ~~plans~~provide attabular ~~fair~~disclosure ~~value at the grant date and recognize the expense over the employee's requisite service period~~obligations. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~Stock-based~~Item ~~compensation expense is recognized based on awards expected to vest, and there were no estimated forfeitures as the Company has a short history of issuing options~~7A. ~~ASC~~Quantitative ~~718-10 requires forfeitures to be estimated at the time of grant~~ and ~~revised~~Qualitative inDisclosures ~~subsequent~~About ~~periods,~~Market ~~if necessary, if actual forfeitures differ from those estimates.~~ Risk

~~Net~~As ~~Loss~~a ~~Per~~“smaller ~~Share~~reporting company”, we are not required to provide the information required by this Item.

~~The~~Item ~~Company~~8. ~~has~~Financial ~~adopted~~Statements ~~Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”) which specifies the computation, presentation~~ and ~~disclosure~~Supplementary requirements of earnings per share information. Basic earnings per share have been calculated based upon the weighted average number of common shares outstanding. Common equivalent shares are excluded from the computation of the diluted loss per share if their effect would be anti-dilutive.Data

~~Intangible~~TRANSAKT ~~assets~~LTD. AND SUBSIDIARIES

~~Intangible~~CONSOLIDATED ~~assets~~FINANCIAL ~~include~~STATEMENTS aFOR ~~patent.~~THE ~~With~~YEARS ~~the adoption of FASB~~ENDED ~~ASC~~DECEMBER ~~Topic 350~~31, ~~“Intangibles”,~~2018 ~~intangible~~AND ~~assets~~2017 ~~with~~AND aREPORT ~~definite~~OF ~~life~~INDEPENDENT ~~are amortized~~REGISTERED ~~on a straight-line basis. The patent is being amortized over its~~PUBLIC ~~estimated~~ACCOUNTING ~~life~~FIRM of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Recent~~CONTENTS ~~accounting pronouncements~~

FASB Clarifies the Definition of a Business. The FASB has issued Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, clarifying the definition of a business. The amendments affect all companies and other reporting organizations that must determine whether they have acquired or sold a business.

	Page

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-1

FINANCIAL STATEMENTS

Consolidated Balance Sheets	F-2

Consolidated Statements of Operations and Comprehensive Income (Loss)	F-3

Consolidated Statements of Changes in Shareholders' Deficit	F-4

Consolidated Statements of Cash Flows	F-5

Notes to Financial Statements	F-6 – F18

~~The~~REPORT ~~definition~~OF ofINDEPENDENT aREGISTERED ~~business~~PUBLIC ~~affects~~ACCOUNTING ~~many~~FIRM areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments provide a more robust framework to use in determining when a set of assets and activities is a business. They also provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable.

~~For~~To ~~public companies,~~ the ~~amendments~~shareholders ~~are effective for annual periods beginning after December 15, 2017, including interim periods within those periods. For all other companies~~ and ~~organizations,~~ the ~~amendments~~board ~~are effective~~of ~~for~~directors ~~annual~~of ~~periods~~TransAKT ~~beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019~~Ltd.

~~The~~Opinion ~~FASB~~on ~~has issued Accounting Standards Update (ASU) No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving~~ the ~~Presentation~~ ofFinancial ~~Net~~Statements Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The amendments apply to all employers, including not-for-profit entities, that offer to their employees defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715, Compensation — Retirement Benefits.

~~The~~We ~~amendments~~have ~~require~~audited ~~that~~the anaccompanying ~~employer~~consolidated ~~report~~balance ~~the~~sheets ~~service cost~~of ~~component~~TransAKT inLtd. ~~the~~and ~~same~~its ~~line~~subsidiaries ~~item~~(the or"Company") ~~items~~ as ~~other~~of ~~compensation~~December ~~costs~~31, ~~arising~~2018 and ~~from~~2017, ~~services rendered by~~ the ~~pertinent~~related ~~employees~~consolidated ~~during~~statements ~~the~~of ~~period.~~operations, ~~The~~changes ~~other~~in ~~components~~shareholders’ ofequity, ~~net~~and ~~benefit~~cash ~~cost~~flows, ~~are~~for ~~required~~each toof bethe ~~presented~~two years in the ~~income~~period ~~statement~~ended ~~separately~~December ~~from~~31, ~~the~~2018, ~~service~~and ~~cost~~the ~~component~~related ~~and~~notes ~~outside~~(collectively areferred ~~subtotal~~to ofas the ~~income~~"financial ~~from~~statements"). ~~operations,~~In ifour ~~one~~opinion, isthe ~~presented.~~financial Ifstatements apresent fairly, ~~separate~~in ~~line~~all ~~item~~material orrespects, ~~items are~~the ~~used~~financial toposition ~~present~~of the ~~other~~Company ~~components~~as of December ~~net~~31, ~~benefit~~2018 ~~cost~~and 2017, ~~that~~and ~~line~~the ~~item~~consolidated ~~or items~~results ~~must~~of beits ~~appropriately~~operations ~~described.~~and its Ifcash aflows ~~separate~~for ~~line~~each ~~item~~of orthe ~~items~~two ~~are~~years ~~not used,~~in the ~~line~~period ~~item~~ended orDecember ~~items~~31, ~~used~~ 2018, in ~~the~~conformity ~~income~~with ~~statement~~accounting toprinciples ~~present~~generally accepted in the ~~other components~~United States of ~~net benefit cost must be disclosed~~America.

The ~~amendments~~accompanying ~~also~~financial ~~allow~~statements ~~only~~have been prepared assuming that the ~~service~~Company ~~cost~~will ~~component~~continue toas bea going concern. As discussed in Note ~~eligible~~2 ~~for~~to ~~capitalization~~the ~~when~~consolidated ~~applicable~~financial ~~(e.g.~~statements, asthe Company has suffered recurring losses from operations and has a ~~cost~~net ofcapital ~~internally~~deficiency that raise substantial ~~manufactured~~doubt ~~inventory~~about orits ability to continue as a ~~self-constructed~~going ~~asset)~~concern. Management's plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~The~~Basis ~~amendments are effective~~ for ~~public~~Opinion business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. For other entities, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance.

~~FASB~~These ~~Amends~~consolidated ~~SEC~~financial ~~Paragraphs~~statements ~~related~~are tothe ~~Revenue Recognition and~~responsibility ~~Leases Standards for Public Business Entities. The FASB has issued Accounting Standards Update (ASU) No. 2017-13.This ASU adds, amends, and supersedes SEC paragraphs~~ of the ~~Accounting~~Company's ~~Standards~~management. ~~Codification~~Our ~~(ASC)~~responsibility ~~related~~is to ~~the adoption~~express ~~and~~an ~~transition~~opinion ~~provisions~~on ~~of ASU No. 2014-09, Revenue From Contracts~~the ~~with~~Company's ~~Customers~~consolidated ~~and~~financial ~~ASU~~statements ~~2016-02,~~based ~~Leases,for~~on ~~public~~our ~~business entities~~audits. ~~The~~We ~~ASU~~are isa public ~~titled~~accounting ~~ASU~~firm ~~No.~~registered ~~2017-13,~~with ~~Revenue~~the ~~Recognition~~Public ~~(Topic~~Company ~~605),~~Accounting ~~Revenue~~Oversight ~~from Contracts~~Board ~~with Customers~~ (~~Topic~~United ~~606~~States), ~~Leases~~ (~~Topic 840~~"PCAOB"), and ~~Leases~~are ~~(Topic~~required ~~842): Amendments~~ to ~~SEC~~be ~~Paragraphs~~independent ~~Pursuant~~with respect to the Company ~~Staff~~in ~~Announcement~~accordance atwith the ~~July~~U.S. ~~20, 2017~~federal ~~EITF~~securities ~~Meeting~~laws and ~~Rescission~~the applicable rules and regulations of ~~Prior~~the ~~SEC~~Securities ~~Staff~~and ~~Announcements~~Exchange Commission and ~~Observer Comments~~the PCAOB.

~~ASU~~We ~~2017-13~~conducted ~~codifies~~our ~~portions~~audits ofin anaccordance ~~SEC~~with ~~Staff~~the ~~Announcement~~standards ~~made at~~of the PCAOB. ~~July~~Those ~~20,~~standards ~~2017~~require ~~Emerging~~that ~~Issues~~we ~~Task~~plan ~~Force~~and ~~(EITF)~~perform ~~meeting~~the ~~essentially~~audit to obtain ~~delaying~~reasonable assurance about whether the ~~effective~~consolidated ~~date~~financial statements are free of ~~the~~material ~~revenue~~misstatement, ~~recognition~~whether ~~and~~due ~~leases~~to ~~standards~~error ~~for~~or fraud. The Company is not arequired ~~subset~~to have, nor were we engaged to perform, an audit of ~~public~~its ~~entities~~internal control over financial reporting. ~~The~~As ~~SEC~~part ~~Observer~~of ~~made~~our ~~the~~audits ~~following~~we ~~SEC~~are ~~Staff~~required to ~~Announcement,~~obtain ~~“Transition~~an ~~Related~~understanding toof ~~Accounting~~internal ~~Standards~~control ~~Updates~~over ~~No.~~financial ~~2014-09~~reporting but not for ~~and~~the ~~2016-02,”~~purpose atof expressing an opinion on the ~~July~~effectiveness 20of the Company's internal control over financial reporting. Accordingly, ~~2017~~we ~~EITF~~express ~~meeting:~~no such opinion.

~~The~~Our ~~SEC~~audits ~~staff~~included ~~would~~performing ~~not~~procedures ~~object~~ to aassess ~~public~~the ~~business entity that~~risks ~~otherwise~~of ~~would~~material ~~not~~misstatement ~~meet~~of the ~~definition~~consolidated offinancial astatements, ~~public~~whether ~~business entity except for a~~due ~~requirement~~ to ~~include~~error or ~~the~~fraud, ~~inclusion~~and ofperforming ~~its~~procedures ~~financial~~that ~~statements~~respond orto ~~financial information~~those inrisks. ~~another~~Such procedures ~~entity’s~~included ~~filing~~examining, ~~with~~on ~~the~~a ~~SEC~~test ~~adopting~~basis, ~~(1)~~evidence ~~ASC~~regarding ~~Topic~~the ~~606,~~amounts ~~Revenue~~and ~~from~~disclosures ~~Contracts~~in ~~with~~the ~~Customers~~consolidated ~~for~~financial ~~annual~~statements. ~~reporting~~Our ~~periods~~audits ~~beginning~~also ~~after~~included ~~December~~evaluating ~~15,~~the ~~2018,~~accounting ~~and~~principles ~~interim~~used ~~reporting~~and ~~periods~~significant ~~within annual reporting~~estimates ~~periods~~made ~~beginning~~by ~~after December 15~~management, ~~2019,~~as ~~and~~well ~~(2)~~as ~~ASC~~evaluating ~~Topic~~the ~~842,~~overall ~~Leases~~presentation ~~for~~of the ~~fiscal~~consolidated ~~years~~financial ~~beginning~~statements. ~~after~~We ~~December~~believe ~~15,~~that ~~2019,~~our ~~and~~audits ~~interim~~provide ~~periods within~~a ~~fiscal~~reasonable ~~years~~basis ~~beginning~~for ~~after~~our ~~December 15, 2020~~opinion.

A public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’/s/ ~~filing~~Centurion ~~with~~ZD ~~the~~CPA ~~SEC~~& ~~may~~Co. ~~still~~Centurion ~~elect~~ZD ~~to adopt ASC Topic 606 and ASC~~CPA ~~Topic~~& ~~842~~Co.(as ~~according~~successor to ~~the~~Centurion ~~public~~ZD ~~business~~CPA ~~entity~~Limited) ~~effective dates.~~

~~This~~We ~~announcement~~have isserved ~~applicable~~as ~~only to public business entities that otherwise would not meet~~ the ~~definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’~~Company's ~~filing~~auditor ~~with~~since ~~the SEC~~2016. Hong ~~This~~Kong, ~~announcement~~SAR isApril ~~not~~1, ~~applicable~~2019 ~~to other public business entities.~~

~~FASB Amends Codification for New SEC Content. The FASB has issued Accounting Standards Update (ASU) No. 2017~~F-~~14,~~1 Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from Contracts with Customers (Topic 606). ASU 2017-14 includes amendments to certain SEC paragraphs within the FASB Accounting Standards Codification (Codification). ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the SEC.SEC Staff Accounting Bulletin (SAB) No. 116

~~The~~TRANSAKT ~~SEC issued SAB 116 to bring existing SEC staff guidance into conformity with the FASB’s adoption of and amendments to ASC Topic 606, Revenue from Contracts with Customers~~LTD. ~~The~~CONSOLIDATED ~~SAB~~BALANCE ~~modified SAB Topic 13, Revenue~~SHEETS Recognition, SAB Topic 8, Retail Companies, and Section A, Operating-Differential Subsidies, of SAB Topic 11, Miscellaneous Disclosure. ASU 2017-14 supersedes various SEC paragraphs and amends an SEC paragraph pursuant to the issuance of SAB 116.

SEC Interpretive Release on Vaccines for Federal Government Stockpiles (SEC Release No. 33-10403)

		December 31,			December 31,
		2018			2017
ASSETS
Current Assets
Cash and cash equivalents	$	227,088		$	435,630
Prepayments		12,000			10,000
Total Current Assets		239,088			445,630

Total Assets	$	239,088		$	445,630

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	37,287		$	35,656
Convertible Promissory Note		-			-
Total Current Liabilities		37,287			35,656

Total liabilities		37,287			35,656

Stockholders' Equity
Preferred stock, 200,000,000 shares authorized for issuance, $0.001 par value, 0 share issued and outstanding		-			-
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 shares and 133,506,570 shares issued and outstanding at December 31, 2018 and 2017, respectively		133,506			133,506
Additional paid-in capital		24,265,011			24,265,011
Accumulated deficit		(22,558,836	)		(22,350,526	)
Other comprehensive income		(437,880	)		(438,017	)
Stock subscription receivable		(1,200,000	)		(1,200,000	)
Treasury stock, common stock, at cost, 0 share at December 31, 2018 and 2017, respectively		-			-
Total Stockholders' Equity		201,801			409,974

Total Equity		201,801			409,974

Total Liabilities and Equity	$	239,088		$	445,630

The ~~SEC~~accompanying ~~issued~~notes ~~this~~are ~~release~~an tointegral ~~update~~part ~~its 2005 Commission Guidance Regarding Accounting for Sales~~ of ~~Vaccines and Bioterror Countermeasures to~~ the ~~Federal Government for Placement into the Pediatric~~financial ~~Vaccine~~statements Stockpile or the Strategic National Stockpile. The release stated that consistent with ASC Topic 606, manufacturers should recognize revenue for vaccines that are placed into the Vaccines for Children Program and the Strategic National Stockpile. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in the 2005 Release. ASU 2017-14 supersedes various SEC paragraphs and adds an SEC paragraph pursuant to this guidance.

~~Tabular~~F-2 ~~Disclosure of Contractual Obligations~~

~~Operating~~TRANSAKT ~~Leases~~LTD. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017

We were not party to any leases agreement during the year ended December 31, 2017.

		2018			2017

Sales, net	$	-		$	-
Cost of sales		-			-

Gross profit		-			-
Selling, general and administrative expenses		(208,089	)		(207,796	)
Loss from operations		(208,089	)		(207,796	)
Other income (expense)
Interest expense		-			(13,333	)
Currency exchange gain/ (loss)		(221	)		189
Total other income		(221	)		(13,144	)

Loss before income taxes		(208,310	)		(220,940	)
Provision for income taxes expense (benefit)		-			-
Net loss		(208,310	)		(220,940	)
Net loss attributable to TRANSAKT LTD.	$	(208,310	)	$	(220,940	)

Loss per share:
Basic and diluted income (loss) common stockholders per share	$	(0.002	)	$	(0.002	)

Weighted average number of shares outstanding:
Basic and diluted		133,506,570			116,811,045

Other Comprehensive Income (Loss)
Net profits (loss)	$	(208,310	)	$	(220,940	)
Foreign currency translation adjustment		137			(4,849	)
Comprehensive income (loss)		(208,173	)		(225,789	)
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(208,173	)	$	(225,789	)

~~Contractual~~The ~~Obligations~~accompanying notes are an integral part of the financial statements

AsF-3 ~~a “smaller reporting company”, we are not required to provide tabular disclosure obligations.~~

~~Item~~TRANSAKT 7ALTD. ~~Quantitative~~CONSOLIDATED ~~and~~STATEMENTS ~~Qualitative~~OF ~~Disclosures~~SHAREHOLDERS’ DEFICIT ~~About~~FOR ~~Market~~THE ~~Risk~~YEARS ENDED DECEMBER 31, 2018

As a “smaller reporting company”, we are not required to provide the information required by this Item.

	Common Stock				Additional		Stock			Accumulated			Other		Treasury		Stock at Cost		Total
	Shares		Amount		Paid-in		Subscription			Deficit			Comprehensive		Shares		Amount
					Capital		Receivable						Income (loss)

Balance at December 31, 2016	28,439,904	$	28,440	$	23,319,411	$	(1,200,000	)	$	(22,129,586	)	$	(433,168	)	-	$	-	$	(414,903	)

Issue Common Stock	105,066,666		105,066		945,600		-			-			-		-		-		1,050,666

Net loss	-		-		-		-			(220,940	)		(4,849	)	-		-		(225,789	)

Balance at December 31, 2017	133,506,570	$	133,506	$	24,265,011	$	(1,200,000	)	$	(22,350,526	)	$	(438,017	)	-	$	-	$	409,974

Net loss										(208,310	)		137						(208,173	)

Balance at December 31, 2018

	133,506,570	$	133,506	$	24,265,011	$	(1,200,000	)	$	(22,558,836	)	$	(437,880	)	-	$	-	$	201,801

~~Item~~The 8.accompanying ~~Financial~~notes ~~Statements~~are ~~and~~an ~~Supplementary~~integral ~~Data~~part of the financial statements

~~TRANSAKT~~F-4 ~~LTD. AND SUBSIDIARIES~~

~~CONSOLIDATED~~TRANSAKT ~~FINANCIAL~~LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, ~~2017~~2018 AND ~~2016~~2017 ~~AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~

CONTENTS

		2018			2017
Cash flows from operating activities
Net profits (loss) available to common stockholders	$	(208,310	)	$	(220,940	)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest expenses		-			13,333
Changes in assets and liabilities:
Decrease (Increase) in prepayments		(2,000	)		-
Increase (Decrease) in accounts payable and accrued expenses		1,631			9,485
Net cash used in operating activities		(208,679	)		(198,122	)

Cash flows from investing activities
Restricted cash		-			-
Net cash used in investing activities		-			-

Cash flows from financing activities
Net repayment of amount due to shareholders		-			-
Proceeds from issuance of Convertible Promissory Note		-			-
Net cash provided by financing activities		-			-
Effect of exchange rate changes on cash and cash equivalents		137			(4,849	)

Net increase (decrease) in cash and cash equivalents		(208,542	)		(202,971	)

Cash and cash equivalents
Beginning		435,630			638,601
Ending	$	227,088		$	435,630

Non cash financing activities
Issuance of common stock to settle convertible promissory note and its relevant accrued interest		-			1,050,666

Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	-		$	-

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-1
FINANCIAL STATEMENTS
Consolidated Balance Sheets	F-2
Consolidated Statements of Operations and Comprehensive Income (Loss)	F-3
Consolidated Statements of Changes in Shareholders' Deficit	F-4
Consolidated Statements of Cash Flows	F-5
Notes to Financial Statements	F-6 – F21

The accompanying notes are an integral part of the financial statements

~~REPORT~~F-5 ~~OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~

ToTRANSAKT ~~the~~LTD. ~~shareholders~~NOTES ~~and~~TO ~~the~~FINANCIAL ~~board~~STATEMENTS DECEMBER of31, ~~directors~~2018 ~~of TransAKT Ltd.~~

~~Opinion~~NOTE on1 ~~the~~– ~~Financial~~ORGANIZATION ~~Statements~~

~~We have audited the accompanying consolidated balance sheets of~~ TransAKT Ltd. ~~and its subsidiaries~~ (the "“Company"”) aswas ofincorporated ~~December~~under ~~31,~~the ~~2017 and~~laws ~~2016,~~of the ~~related~~Province ~~consolidated statements~~ of ~~operations,~~Alberta ~~changes~~on ~~in shareholders’~~June ~~equity~~3, ~~and~~1997. ~~cash~~The ~~flows,~~Company ~~for~~completed ~~each~~the acquisition of ~~the~~Green ~~two~~Point ~~years~~Resources inInc. ~~the~~on ~~period ended~~October ~~December 31~~18, ~~2017,~~2000 ~~and~~whereby ~~the~~it ~~related~~became a ~~notes~~publicly ~~(collectively~~traded ~~referred~~company tolisted ason the ~~"financial~~ ~~statements")~~Canadian Venture Exchange. In ~~our~~2004 ~~opinion,~~ the ~~financial statements present~~ ~~fairly,~~Company involuntarily ~~all~~delisted ~~material~~from ~~respects,~~ the ~~financial~~TSX ~~position~~Venture ofExchange ~~the Company as of December 31, 2017~~ and ~~2016,~~retained ~~and the consolidated results of its operations and~~a ~~its~~listing ~~cash~~on ~~flows for each of~~ the ~~two~~Over ~~years in~~ the ~~period~~Counter ~~ended~~Bulletin ~~December~~Board ~~31, 2017,~~ in ~~conformity~~the ~~with~~United UStates.~~S. generally accepted accounting principles.~~

~~The~~In ~~accompanying~~October ~~financial~~2004 ~~statements have been prepared assuming that~~ the Company ~~will~~purchased ~~continue~~certain asassets aof ~~going~~IP Mental ~~concern~~Inc., Asa ~~discussed~~Taiwan inbased ~~Note 2~~Voice toover ~~the~~Internet ~~consolidated~~Protocol ~~financial~~(VoIP) ~~statements,~~company. ~~the~~The company ~~Company~~name ~~has~~was ~~suffered~~changed ~~recurring losses~~ from ~~operations~~TransAKT ~~and~~Corp. ~~has a net capital deficiency that raise substantial doubt about its ability~~ to ~~continue~~TransAKT ~~as a going concern~~Ltd. ~~Management's~~on ~~plans~~September in29, ~~regard~~2006. toThe ~~these~~Company ~~matters~~designs ~~are~~and ~~also~~develops ~~described~~Voice inover ~~Note~~Internet 2.Protocol ~~The consolidated financial~~(“VoIP”) ~~statements~~solutions doand ~~not~~mobile ~~include~~payment ~~any~~terminals ~~adjustments~~for ~~that might result from~~ the ~~outcome~~consumer ofelectronics ~~this uncertainty~~industry.

~~Basis~~On November 15, 2006 TransAKT Ltd and the shareholders of Taiwan Halee International Co. Ltd. (HTT), entered into a Share Exchange Agreement in which TransAKT Ltd. acquired 100% of Taiwan Halee International Co. Ltd.’s outstanding common stock. HTT was incorporated under the laws of Republic of China in 1985. HTT is engaged in designing, manufacturing and distribution of Taiwan telecommunications equipment. The acquisition has been accounted for ~~Opinion~~as a reverse acquisition under the purchase method of accounting. Accordingly, the merger of the two companies has been recorded as a recapitalization of HTT, with HTT being treated as the continuing entity.

~~These~~On ~~consolidated~~August ~~financial~~12, ~~statements~~2010, ~~are~~ the ~~responsibility of the~~ Company's ~~management.~~filed ~~Our~~the ~~responsibility~~Registration Statement is(Form toS-4) ~~express~~in anconnection ~~opinion~~with on the ~~Company's~~ ~~consolidated~~continuation ~~financial~~of ~~statements~~the ~~based~~Company onfrom Alberta ~~our~~to ~~audits~~Nevada. WeBased ~~are~~upon athe ~~public accounting~~number ~~firm~~of ~~registered~~common ~~with~~shares ~~the~~of ~~Public~~TransAKT ~~Company~~Ltd., ~~Accounting~~a Nevada ~~Oversight~~corporation ~~Board~~ (~~United~~“TransAKT ~~States~~Nevada”), ~~("PCAOB")~~to ~~and~~be ~~are~~issued ~~required~~ to bethe ~~independent~~shareholders ~~with~~of TransAKT ~~respect~~Ltd., toan ~~the Company~~Alberta incorporation ~~accordance~~(“TransAKT ~~with~~Alberta”), ~~the~~on ~~U.S.~~a ~~federal~~one-for-one basis ~~securities~~upon ~~laws~~completion ~~and~~of the ~~applicable rules~~Continuation and ~~regulations~~based on 102,645,120 shares of common ~~the~~stock ~~Securities~~of ~~and~~TransAKT ~~Exchange~~Ltd., ~~Commission~~an Alberta corporation, issued and ~~the~~outstanding ~~PCAOB.~~as of August 12, 2010.

WeThe ~~conducted~~Articles ~~our~~of ~~audits~~Conversion ~~in accordance with the standards~~ of ~~the PCAOB.~~TransAKT ~~Those~~Nevada ~~standards~~provides ~~require~~ that ~~we plan and perform~~ the ~~audit to obtain~~ ~~reasonable~~authorized ~~assurance~~capital ~~about~~of ~~whether~~ the ~~consolidated~~TransAKT ~~financial~~will ~~statements~~be ~~are free of material misstatement~~300, ~~whether due to error or fraud. The Company is not required to have~~000,000 ~~nor~~shares ~~were we engaged to perform, an audit~~ of ~~its~~common ~~internal~~stock, ~~control~~par ~~over~~value ~~financial reporting~~$0.001 Asper ~~part~~share ofand ~~our~~200,000,000 ~~audits~~shares ~~we are required to obtain an understanding~~ of ~~internal~~preferred ~~control~~stock, ~~over~~par ~~financial reporting but not for~~value ~~the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting~~$0.001 ~~Accordingly,~~per ~~we express no such opinion~~share.

~~Our~~On ~~audits~~July ~~included~~26, ~~performing~~2012, ~~procedures to assess~~ the ~~risks of~~Company ~~material~~acquired ~~misstatement~~100% equity of ~~the consolidated financial statements, whether due~~Vegfab toAgricultural ~~error~~Technology orCo. ~~fraud, and performing procedures that respond to those risks~~Ltd. ~~Such procedures~~(the ~~included examining~~“Vegfab”), on a ~~test~~company ~~basis,~~incorporated ~~evidence regarding the amounts~~under ~~and disclosures in~~ the ~~consolidated~~laws ~~financial~~of ~~statements. Our audits also included evaluating~~ the ~~accounting~~Republic ~~principles~~of ~~used~~China ~~and significant estimates made by management~~(“ROC, asTaiwan”). ~~well~~Vegfab asis ~~evaluating~~mainly ~~the~~engaged ~~overall presentation of the~~in ~~consolidated~~selling ~~financial~~agricultural ~~statements.~~equipment Weused ~~believe~~to ~~that~~grow ~~our~~vegetables ~~audits~~using ~~provide~~simulated asunlight ~~reasonable~~from ~~basis~~LED ~~for~~lamps ~~our~~in ~~opinion.~~hydroponic systems.

F-On January 4, 2013, the Company entered into a Share Purchase and Sale Agreement with a shareholder pursuant to which the Company sold to him 100% of all issued and outstanding securities of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, the shareholder has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in the aggregate.

/On October 30, 2013, Million Talented Ltd., a related party 50% owned by the Company’s/ ~~Centurion~~president ZDand ~~CPA~~director, ~~Limited~~contributed $516 (equals to HKD 4,000) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business.

We6 ~~have served as the Company's auditor since 2016.~~

~~Hong~~NOTE ~~Kong,~~2 ~~SAR~~– ~~April~~SUMMARY 9,OF ~~2018~~SIGNIFICANT ACCOUNTING POLICIES

~~F-2~~Principles of Consolidation

~~TRANSAKT~~The ~~LTD~~consolidated financial statements include the accounts of TransAKT (BVI) Limited and its wholly owned subsidiaries, TransAKT Bio Agritech Ltd., ~~CONSOLIDATED~~collectively ~~BALANCE~~referred ~~SHEETS~~to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

		December 31,			December 31,
		2017			2016
ASSETS
Current Assets
Cash and cash equivalents	$	435,630		$	638,601
Prepayments		10,000			10,000
Total Current Assets		445,630			648,601
Total Assets	$	445,630		$	648,601
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	35,656		$	63,504
Convertible Promissory Note		-			1,000,000
Total Current Liabilities		35,656			1,063,504
Total liabilities		35,656			1,063,504
Stockholders' Equity
Preferred stock, 200,000,000 shares authorized for issuance, $0.001 par value, 0 share issued and outstanding		-			-
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 shares and 28,439,904 shares issued and outstanding at December 31, 2017 and 2016, respectively		133,506			28,440
Additional paid-in capital		24,265,011			23,319,411
Accumulated deficit		(22,350,526	)		(22,129,586	)
Other comprehensive income		(438,017	)		(433,168	)
Stock subscription receivable		(1,200,000	)		(1,200,000	)
Treasury stock, common stock, at cost, 0 share at December 31, 2017 and 2016, respectively		-			-
Total Stockholders' Equity		409,974			(414,903	)
Total Equity		409,974			(414,903	)
Total Liabilities and Equity	$	445,630		$	648,601

Going Concern

The ~~accompanying~~Company ~~notes~~has ~~are~~incurred ana ~~integral~~net ~~part~~loss of $208,310 and $220,940 during the ~~financial~~years ended December 31, 2018 and 2017, respectively, and has an ~~statements~~accumulated deficit of $22,558,836 and $22,350,526 as of December 31, 2018 and December 31, 2017, respectively.

~~F-3~~The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.

~~TRANSAKT~~The ~~LTD.~~ability ~~CONSOLIDATED~~of ~~STATEMENTS~~the OFCompany to continue research and development ~~OPERATIONS~~projects ~~FOR~~and ~~THE~~realize ~~YEARS~~the ~~ENDED~~capitalized ~~DECEMBER~~value of proprietary technologies and related assets is dependent upon future commercial success of the technologies and raising sufficient funds to continue research and development as well as to effectively market its products. Through December 31, ~~2017~~2018, ~~AND~~the ~~2016~~Company has not realized commercial success of the technologies, nor have they raised sufficient funds to continue research and development or to market its products.

		2017			2016
Sales, net	$	-		$	-
Cost of sales		-			-
Gross profit		-			-
Selling, general and administrative expenses		(207,796	)		(258,313	)
Loss from operations		(207,796	)		(258,313	)
Other income (expense)
Interest expense		(13,333	)		(37,333	)
Currency exchange gain/ (loss)		189			(3,854	)
Total other income		(13,144	)		(41,187	)
Loss before income taxes		(220,940	)		(299,500	)
Provision for income taxes expense (benefit)		-			-
Net loss		(220,940	)		(299,500	)
Net loss attributable to TRANSAKT LTD.	$	(220,940	)	$	(299,500	)
Loss per share:
Basic and diluted income (loss) common stockholders per share	$	(0.002	)	$	(0.01	)
Weighted average number of shares outstanding:
Basic and diluted		116,811,045			22,670,938
Other Comprehensive Income (Loss)
Net profits (loss)	$	(220,940	)	$	(299,500	)
Foreign currency translation adjustment		(4,849	)		4,289
Comprehensive income (loss)		(225,789	)		(295,211	)
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(225,789	)	$	(295,211	)

There can be no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

The ~~accompanying~~Company ~~notes~~has ~~are~~taken ancertain ~~integral~~restructuring ~~part~~steps ofto provide the ~~financial~~necessary capital to continue its operations. These steps included: (1) ~~statements~~Tightly budgeting and controlling all expenses; (2) The Company plans to continue actively seeking additional funding opportunities ; (3) The company is seeking for other business opportunities to create sources of income.

~~F-4~~Use of Estimates

~~TRANSAKT~~The ~~LTD.~~preparation ~~CONSOLIDATED~~of ~~STATEMENTS~~financial OFstatements ~~SHAREHOLDERS’~~in conformity with ~~DEFICIT~~generally ~~FOR~~accepted ~~THE~~accounting ~~YEARS~~principles ~~ENDED~~in ~~DECEMBER~~the ~~31,~~United ~~2017~~States (“GAAP”) requires management to make certain 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. Actual results could differ from those estimates.

	Common Stock						Additional			Stock			Accumulated			Other		Treasury			Stock at Cost			Total
	Shares			Amount			Paid-in Capital			Subscription Receivable			Deficit			Comprehensive Income (loss)		Shares			Amount
Balance at December 31, 2015	30,672,404		$	30,672		$	25,117,179		$	(1,200,000	)	$	(21,830,086	)	$	(437,457	)	(2,232,500	)	$	(1,800,000	)	$	(119,692	)
Cancellation of treasury shares	(2,232,500	)		(2,232	)		(1,797,768	)		-			-			-		2,232,500			1,800,000			-
Net loss	-			-			-			-			(299,500	)		4,289		-			-			(295,211	)
Balance at December 31, 2016	28,439,904		$	28,440		$	23,319,411		$	(1,200,000	)	$	(22,129,586	)	$	(433,168	)	-		$	-		$	(414,903	)
Issue Common Stock	105,066,666			105,066			945,600			-			-			-		-			-			1,050,666
Net loss	-			-			-			-			(220,940	)		(4,849	)	-			-			(225,789	)
Balance at December 31, 2017	133,506,570		$	133,506		$	24,265,011		$	(1,200,000	)	$	(22,350,526	)	$	(438,017	)	-		$	-		$	409,974

~~The~~NOTE ~~accompanying~~2 ~~notes~~– ~~are~~SUMMARY anOF ~~integral~~SIGNIFICANT ~~part~~ACCOUNTING ~~of the financial~~POLICIES ~~statements~~(CONTINUED)

~~F-5~~Revenue Recognition

~~TRANSAKT~~Revenues ~~LTD~~are recognized when finished products are shipped to customers and both title and the risks and rewards of ownership are transferred and collectability is reasonably assured. ~~CONSOLIDATED~~The ~~STATEMENTS~~Company’s OFrevenues ~~CASH~~are recorded ~~FLOWS~~upon ~~FOR~~confirmed ~~THE~~acceptance ~~YEARS~~after ~~ENDED~~inspection ~~DECEMBER~~by ~~31,~~the ~~2017~~customers ~~AND~~of ~~2016~~the Company.

		2017			2016
Cash flows from operating activities
Net profits (loss) available to common stockholders	$	(220,940	)	$	(299,500	)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest expenses		13,333			-
Changes in assets and liabilities:
Decrease (Increase) in prepayments		-			1,431
Increase (Decrease) in accounts payable and accrued expenses		9,485			20,131
Net cash used in operating activities		(198,122	)		(277,938	)
Cash flows from investing activities
Restricted cash		-			-
Net cash used in investing activities		-			-
Cash flows from financing activities
Net repayment of amount due to shareholders		-			(191,000	)
Proceeds from issuance of Convertible Promissory Note		-			1,000,000
Net cash provided by financing activities		-			809,000
Effect of exchange rate changes on cash and cash equivalents		(4,849	)		4,289
Net increase (decrease) in cash and cash equivalents		(202,971	)		535,351
Cash and cash equivalents
Beginning		638,601			103,250
Ending	$	435,630		$	638,601
Non cash financing activities
Issuance of common stock to settle convertible promissory note and its relevant accrued interest		1,050,666			-
Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	-		$	37,333

Exchange Gain (Loss):

~~The~~During ~~accompanying~~the ~~notes~~years ~~are~~ended anDecember ~~integral~~31, ~~part~~2018 and 2017, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the ~~financial~~rates of exchange in effect ~~statements~~when the transactions occur. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

~~F-6~~Translation Adjustment

~~TRANSAKT~~The ~~LTD.~~Company ~~NOTES~~financial TOstatements ~~FINANCIAL~~are ~~STATEMENTS~~presented in the U.S. ~~DECEMBER~~dollar 31($), ~~2017~~which is the Company’s reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

~~NOTE~~In 1accordance –with ~~ORGANIZATION~~ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~TransAKT~~Comprehensive ~~Ltd.~~Income (the “Company”) was incorporated under the laws of the Province of Alberta on June 3, 1997. The Company completed the acquisition of Green Point Resources Inc. on October 18, 2000 whereby it became a publicly traded company listed on the Canadian Venture Exchange. In 2004 the Company voluntarily delisted from the TSX Venture Exchange and retained a listing on the Over the Counter Bulletin Board in the United States.

InComprehensive ~~October~~income ~~2004~~includes ~~the~~accumulated ~~Company~~foreign ~~purchased certain assets of IP~~currency ~~Mental~~translation ~~Inc.,~~gains aand ~~Taiwan based Voice over Internet Protocol (VoIP) company~~losses. The ~~company~~ ~~name was changed from TransAKT Corp. to TransAKT Ltd. on September 29, 2006. The~~ Company ~~designs~~has ~~and~~reported ~~develops~~the ~~Voice~~components ~~over Internet Protocol (“VoIP”)~~of ~~solutions~~comprehensive ~~and~~income ~~mobile~~on ~~payment~~its ~~terminals~~statements ~~for~~of ~~the~~stockholders’ ~~consumer electronics industry~~equity.

OnAdvertising November 15, 2006 TransAKT Ltd and the shareholders of Taiwan Halee International Co. Ltd. (HTT), entered into a Share Exchange Agreement in which TransAKT Ltd. acquired 100% of Taiwan Halee International Co. Ltd.’s outstanding common stock. HTT was incorporated under the laws of Republic of China in 1985. HTT is engaged in designing, manufacturing and distribution of Taiwan telecommunications equipment. The acquisition has been accounted for as a reverse acquisition under the purchase method of accounting. Accordingly, the merger of the two companies has been recorded as a recapitalization of HTT, with HTT being treated as the continuing entity.

OnAdvertising ~~August~~expenses ~~12,~~consist ~~2010,~~primarily ~~the Company filed the Registration Statement (Form S-4) in connection with the continuation~~ of ~~the~~costs ~~Company from Alberta to Nevada. Based upon the number~~ of ~~common shares of TransAKT Ltd., a~~promotion ~~Nevada corporation (“TransAKT Nevada”), to be issued to the shareholders of TransAKT Ltd., an Alberta corporation (“TransAKT Alberta”), on a one-~~for~~-one basis~~ ~~upon~~corporate ~~completion~~image ofand ~~the~~product ~~Continuation~~marketing and ~~based~~costs ~~on 102,645,120 shares~~ of ~~common~~ ~~stock~~direct ~~of TransAKT Ltd~~advertising., anThe Company ~~Alberta~~expenses ~~corporation,~~all ~~issued~~advertising ~~and~~costs ~~outstanding~~ as of ~~August 12, 2010~~incurred.

~~The~~Income Articles of Conversion of TransAKT Nevada provides that the authorized capital of the TransAKT will be 300,000,000 shares of common stock, par value $0.001 per share and 200,000,000 shares of preferred stock, par value $0.001 per share.Taxes

OnThe ~~July~~Company 26accounts for income taxes in accordance with ASC 740, ~~2012~~Income Taxes, ~~the~~which ~~Company~~requires ~~acquired~~that ~~100%~~the ~~equity~~Company ofrecognize ~~Vegfab~~deferred tax ~~Agricultural~~liabilities ~~Technology~~and ~~Co.~~assets ~~Ltd.~~based (on the ~~“Vegfab”),~~differences abetween ~~company~~the ~~incorporated~~financial ~~under~~statement ~~the~~carrying ~~laws~~amounts ofand the ~~Republic~~tax basis of ~~China~~assets ~~(“ROC~~and liabilities, ~~Taiwan”~~using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. ~~Vegfab~~A valuation allowance is ~~mainly~~recorded ~~engaged~~when, in the ~~selling~~opinion ~~agricultural~~of ~~equipment~~management, ~~used~~it tois ~~grow~~more ~~vegetables~~likely ~~using~~than ~~simulated~~not ~~sunlight~~that some or all of any ~~from~~deferred ~~LED~~tax ~~lamps~~assets inwill ~~hydroponic~~not ~~systems~~be realized.

On January 4, 2013, the Company entered into a Share Purchase and Sale Agreement with a shareholder pursuant to which the Company sold to him 100% of all issued and outstanding securities of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, the shareholder has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 ~~million~~ ~~in the aggregate.~~

OnNOTE ~~October~~2 ~~30,~~– ~~2013,~~SUMMARY ~~Million~~OF ~~Talented~~SIGNIFICANT ~~Ltd.,~~ACCOUNTING ~~a related party 50%~~POLICIES ~~owned by the Company’s president and director, contributed $516~~ (~~equals to HKD 4,000~~CONTINUED) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business.

7Statement of Cash Flows

~~NOTE~~In 2accordance –with ~~SUMMARY~~generally OFaccepted ~~SIGNIFICANT~~accounting ~~ACCOUNTING~~principles (GAAP), ~~POLICIES~~cash flows from the Company's operations are based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

~~Principles~~Concentration of ~~Consolidation~~Credit Risk

~~The~~Financial ~~consolidated~~instruments ~~financial~~that ~~statements~~potentially ~~include~~subject the ~~accounts~~Company ofto ~~TransAKT~~concentrations ~~(BVI)~~of ~~Limited~~credit risk are accounts receivable and other receivables arising from its ~~wholly~~normal ~~owned~~business ~~subsidiaries,~~activities. ~~TransAKT~~The ~~Bio~~Company ~~Agritech~~has a diversified ~~Ltd~~customer base., ~~collectively~~The ~~referred~~Company controls credit risk related to ~~within~~accounts asreceivable through ~~the~~credit ~~Company~~approvals, credit limits and monitoring procedures. ~~All~~The ~~material~~Company routinely ~~intercompany~~assesses the financial strength of its customers and, based upon ~~accounts~~factors surrounding the credit risk, ~~transactions~~establishes an allowance, if required, for un-collectible accounts and, ~~profits~~as ~~have~~a ~~been~~consequence, ~~eliminated~~believes inthat ~~consolidation.~~its accounts receivable credit risk exposure beyond such allowance is limited.

~~Going~~Cash ~~Concern~~and Cash Equivalents

~~The~~Cash ~~Company~~and ~~has~~cash ~~incurred~~equivalents ainclude ~~net~~cash ~~loss~~in ofhand ~~$220,940~~ and ~~$299,500 during~~cash ~~the~~in ~~years ended December 31~~time deposits, ~~2017~~certificates ~~and~~of ~~2016,~~deposit ~~respectively,~~ and ~~has~~all ~~an accumulated~~highly ~~deficit~~liquid ofdebt ~~$22,350,526~~instruments ~~and~~with original ~~$22,129,586~~maturities as of ~~December~~three ~~31,~~months ~~2017~~or ~~and December 31, 2016, respectively~~less.

~~The~~Fair ~~accompanying~~Value ~~consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis~~ of ~~accounting~~Financial contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future. Instruments

~~The~~In ~~ability~~the first quarter of fiscal year 2008, the Company toadopted Accounting ~~continue~~Standards ~~research~~Codification ~~and~~subtopic ~~development projects~~820-10, Fair Value Measurements and Disclosures ~~realize~~(“ASC ~~the~~820-10”). ~~capitalized~~ASC 820-10 defines fair value, ofestablishes ~~proprietary~~a framework ~~technologies~~for measuring fair value, and enhances fair value measurement ~~related~~disclosure. ~~assets~~ASC is820-10 ~~dependent~~delays, ~~upon~~until ~~future~~the ~~commercial~~first ~~success~~quarter of ~~the~~fiscal ~~technologies and~~year ~~raising~~2009, ~~sufficient~~the effective ~~funds~~date tofor ~~continue~~ASC ~~research~~820-10 ~~and~~for ~~development~~all asnon-financial ~~well~~assets asand tonon-financial ~~effectively~~liabilities, ~~market~~except ~~its~~those ~~products.~~that ~~Through~~are ~~December~~recognized ~~31,~~or ~~2017,~~disclosed ~~the~~at ~~Company~~fair ~~has~~value ~~not~~in the ~~realized~~financial ~~commercial~~statements ~~success~~on ofa ~~the~~recurring ~~technologies,~~basis ~~nor~~(at ~~have~~least ~~they~~annually). ~~raised~~The ~~sufficient~~adoption of ~~funds~~ASC to820-10 ~~continue~~did ~~research~~not ~~and~~have ~~development~~a ormaterial toimpact ~~market~~on ~~its~~the ~~products~~Company’s financial position or operations.

~~There~~Effective ~~can~~October be1, no2008, ~~assurances~~the ~~that~~Company ~~there~~adopted ~~will~~Accounting Standards beCodification ~~adequate financing~~subtopic ~~available~~820-10, toFair ~~the~~Value ~~Company~~Measurements and ~~the~~Disclosures (“ASC ~~consolidated~~820-10”) ~~financial~~and ~~statements~~Accounting doStandards Codification subtopic 825-10, Financial ~~not~~Instruments ~~include~~(“ASC ~~any~~825-10”), ~~adjustments~~which permits entities to ~~reflect~~choose ~~the~~to ~~possible~~measure ~~future~~many financial ~~effects~~instruments and certain other items at fair value. Neither of these statements had an impact on the Company’s unaudited condensed consolidated ~~recoverability~~financial ~~and~~position, ~~classification~~results of ~~assets~~operations or ~~the~~cash ~~amounts~~flows. ~~and~~The ~~classification~~carrying value of ~~liabilities~~cash ~~that~~and ~~may~~cash ~~result~~equivalents, ~~from~~accounts payable and short-term borrowings, as reflected in the ~~outcome~~balance sheets, approximate fair value because of ~~this~~the short-term ~~uncertainty~~maturity of these instruments.

~~The~~9 Company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) The Company plans to continue actively seeking additional funding opportunities to improve and expand upon our product lines.

~~Use~~NOTE of2 ~~Estimates~~– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

~~The~~Stock-based ~~preparation~~Compensation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make certain 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. Actual results could differ from those estimates.

8The Company records stock-based compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~NOTE~~Stock-based 2compensation –expense ~~SUMMARY~~is OFrecognized ~~SIGNIFICANT~~based ~~ACCOUNTING~~on ~~POLICIES~~awards ~~(CONTINUED)~~expected to vest, and there were no estimated forfeitures as the Company has a short history of issuing options. ASC 718-10 requires forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates.

~~Revenue~~Net ~~Recognition~~Loss Per Share

~~Revenues~~The ~~are~~Company ~~recognized~~has ~~when~~adopted ~~finished~~Accounting ~~products~~Standards ~~are~~Codification subtopic ~~shipped~~260-10, ~~to customers~~Earnings ~~and~~Per ~~both~~Share ~~title~~(“ASC ~~and~~260-10”) which specifies the computation, ~~risks~~presentation and ~~rewards~~disclosure requirements of ~~ownership~~earnings ~~are~~per ~~transferred~~share ~~and~~information. ~~collectability~~Basic isearnings ~~reasonably~~per ~~assured.~~share ~~The~~have ~~Company’s~~been ~~revenues~~calculated ~~are~~based ~~recorded~~ upon ~~confirmed~~the weighted ~~acceptance~~average ~~after~~number ~~inspection~~of bycommon shares outstanding. Common equivalent shares are excluded from the ~~customers~~computation of the ~~Company~~diluted loss per share if their effect would be anti-dilutive.

~~Exchange~~Intangible ~~Gain~~assets ~~(Loss):~~

~~During~~Intangible assets include a patent. With the ~~years~~adoption ~~ended~~of ~~December~~FASB ASC 31Topic 350, ~~2017~~“Intangibles”, ~~and~~intangible ~~2016,~~assets ~~the~~with a definite life are ~~transactions~~amortized ofon ~~TransAKT~~a ~~Bio~~straight-line ~~Agritech~~basis. ~~Ltd~~The patent is being amortized over its estimated life of 10 years. ~~were~~Intangible ~~denominated~~assets inwith ~~foreign~~a ~~currency~~definite life are tested ~~and~~for ~~were~~impairment ~~recorded~~whenever inevents ~~Hong~~or ~~Kong~~circumstances ~~Dollar~~indicate that a carrying amount of an asset (~~HKD~~asset group) atmay not be recoverable. An impairment loss would be recognized when the ~~rates~~carrying amount of ~~exchange~~an inasset ~~effect~~exceeds the estimated ~~when~~undiscounted cash flows used in determining the ~~transactions~~fair ~~occur~~value of the asset. ~~Exchange~~The amount ~~gains~~of ~~and~~the ~~losses~~impairment ~~are~~loss ~~recognized~~to ~~for~~be recorded is calculated by the excess of the ~~different~~asset’s ~~foreign~~carrying ~~exchange~~value ~~rates~~over ~~applied~~its ~~when~~fair ~~the~~value. ~~foreign~~Fair ~~currency~~value ~~assets~~is ~~and~~generally determined ~~liabilities~~using ~~are~~a ~~settled~~discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Translation~~Recent ~~Adjustment~~accounting pronouncements

The ~~Company~~FASB ~~financial~~issued ~~statements~~an ~~are~~Accounting ~~presented~~Standards inUpdate ~~the U.S. dollar~~ ($ASU), ~~which~~that ~~is the Company’s reporting currency, while its functional~~helps ~~currency~~organizations isaddress ~~Hong~~certain ~~Kong~~stranded ~~Dollar~~income ~~(HKD).~~tax ~~Transactions~~effects in ~~foreign~~accumulated ~~currencies are~~other ~~initially~~comprehensive ~~recorded~~income at(AOCI) ~~the~~resulting ~~functional~~from ~~currency rate ruling at~~ the ~~date~~Tax ~~of transaction.~~Cuts ~~Any differences between the initially recorded amount~~ and ~~the settlement~~Jobs ~~amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income~~Act. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

InASU ~~accordance~~No. ~~with ASC 830~~2018-02, ~~Foreign~~Income ~~Currency~~Statement—Reporting ~~Matters, the~~Comprehensive ~~Company~~Income ~~translates~~(Topic ~~the~~220): ~~assets~~Reclassification ~~and~~of ~~liabilities~~Certain ~~into~~Tax ~~U.S.~~Effects ~~dollar~~from ~~($) using the~~Accumulated ~~rate~~Other ofComprehensive ~~exchange~~Income, ~~prevailing~~provides atfinancial ~~the~~statement ~~balance~~preparers ~~sheet~~with ~~date~~an option ~~and~~to ~~the~~reclassify ~~statements~~stranded ~~of operations~~tax ~~and~~effects ~~cash~~within ~~flows~~AOCI ~~are~~to ~~translated~~retained atearnings anin each ~~average~~period ~~rate~~in ~~during~~which the ~~reporting period.~~effect ~~Adjustments~~of ~~resulting from~~ the ~~translation~~change ~~from~~in ~~HKD~~the ~~into~~ U.S. ~~dollar~~federal ~~are~~corporate ~~recorded~~income tax rate in ~~stockholders’~~the ~~equity~~Tax asCuts ~~part~~and ofJobs ~~accumulated~~Act ~~other~~(or ~~comprehensive~~portion thereof) is ~~income~~recorded.

~~Comprehensive~~The ~~Income~~ASU requires financial statement preparers to disclose:

~~Comprehensive~~• A description of the accounting policy for releasing income ~~includes~~tax ~~accumulated~~effects ~~foreign~~from ~~currency translation~~AOCI; ~~gains~~• ~~and~~Whether ~~losses.~~they ~~The~~elect ~~Company~~to ~~has~~reclassify ~~reported~~the stranded income tax effects from the ~~components~~Tax ~~of comprehensive~~Cuts ~~income~~and onJobs ~~its~~Act; ~~statements~~and of• ~~stockholders’~~Information ~~equity~~about the other income tax effects that are reclassified.

~~Advertising~~The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP.

~~Advertising~~10 ~~expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.~~

~~Income~~The ~~Taxes~~amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized.

The ~~Company~~FASB ~~accounts~~has ~~for~~issued ~~income~~Accounting ~~taxes~~Standards inUpdate ~~accordance~~(ASU) ~~with ASC~~No. ~~740~~2018-05, Income Taxes, ~~which~~(Topic ~~requires~~740): ~~that~~Amendments ~~the~~to ~~Company~~SEC ~~recognize~~Paragraphs ~~deferred~~Pursuant ~~tax liabilities~~to ~~and assets based on the differences between the financial statement~~SEC ~~carrying~~Staff ~~amounts~~Accounting ~~and~~Bulletin ~~the~~No. ~~tax~~118. ~~basis~~ASU of2018-05 ~~assets~~amends ~~and~~certain ~~liabilities,~~SEC ~~using~~material ~~enacted tax~~in ~~rates~~Topic in740 ~~effect~~for in the ~~years the differences are expected to reverse. Deferred~~ income tax ~~benefit~~accounting ~~(expense)~~implications ~~results~~of ~~from~~ the ~~change~~recently inissued ~~net deferred tax assets~~Tax orCuts ~~deferred~~and ~~tax~~Jobs ~~liabilities.~~Act ~~A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized~~(Act).

9ASU 2018-05 adds the following guidance, among other things, to the FASB Accounting Standards Codification™ regarding the Act:

~~NOTE~~• Question 1:If 2the –accounting ~~SUMMARY~~for OFcertain ~~SIGNIFICANT~~income ~~ACCOUNTING~~tax ~~POLICIES~~effects of the Act is not completed ~~(CONTINUED)~~by the time a company issues its financial statements that include the reporting period in which the Act was enacted, what amounts should a company include in its financial statements for those income tax effects for which the accounting under Topic 740 is incomplete?

~~Statement~~• Answer 1:In a company’s financial statements that include the reporting period in which the Act was enacted, a company must first reflect the income tax effects of ~~Cash~~the Act ~~Flows~~in which the accounting under Topic 740 is complete. These completed amounts would not be provisional amounts. The company would then also report provisional amounts for those specific income tax effects of the Act for which the accounting under Topic 740 will be incomplete but a reasonable estimate can be determined. For any specific income tax effects of the Act for which a reasonable estimate cannot be determined, the company would not report provisional amounts and would continue to apply Topic 740 based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. For those income tax effects for which a company was not able to determine a reasonable estimate (such that no related provisional amount was reported for the reporting period in which the Act was enacted), the company would report provisional amounts in the first reporting period in which a reasonable estimate can be determined.

~~In accordance with generally accepted accounting principles~~• Question ~~(GAAP),~~2: ~~cash~~If ~~flows~~an ~~from~~entity ~~the~~accounts ~~Company's~~for ~~operations~~certain ~~are~~income ~~based~~tax ~~upon~~effects of the ~~local currencies.~~Act Asunder a ~~result, amounts related to assets and liabilities reported on~~ ~~the~~measurement ~~statement~~period ofapproach, ~~cash~~what ~~flows~~disclosures ~~will~~should ~~not~~be ~~necessarily agree with changes in the corresponding balances on the balance sheet.~~provided?

~~Concentration~~• Answer 2:The staff believes an entity should include financial statement disclosures to provide information about the material financial reporting impacts of ~~Credit~~the ~~Risk~~Act for which the accounting under Topic 740 is incomplete, including:a. Qualitative disclosures of the income tax effects of the Act for which the accounting is incomplete;b. Disclosures of items reported as provisional amounts;c. Disclosures of existing current or deferred tax amounts for which the income tax effects of the Act have not been completed;d. The reason why the initial accounting is incomplete;e. The additional information that is needed to be obtained, prepared, or analyzed in order to complete the accounting requirements under Topic 740;f. The nature and amount of any measurement period adjustments recognized during the reporting period;g. The effect of measurement period adjustments on the effective tax rate; andh. When the accounting for the income tax effects of the Act has been completed. ASU 2018-05 is effective upon inclusion in the FASB Codification.

~~Financial~~FASB ~~instruments~~Releases ~~that~~ASU ~~potentially~~No. ~~subject the Company to concentrations of credit risk are accounts receivable and other receivables arising from its normal business activities~~2018-09. The ~~Company~~FASB has areleased ~~diversified~~Accounting ~~customer~~Standards ~~base.~~Update ~~The~~(ASU) ~~Company~~No. ~~controls credit risk related to accounts receivable through credit approvals~~2018-09, ~~credit~~Codification ~~limits and monitoring procedures~~Improvements. ~~The~~ASU ~~Company~~2018-09 ~~routinely~~affects ~~assesses~~a ~~the~~wide ~~financial~~variety ~~strength~~ of ~~its~~Topics ~~customers~~in ~~and, based upon factors surrounding~~ the ~~credit~~Codification ~~risk, establishes an allowance, if required, for un-collectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.~~including:

~~Cash~~• Amendments to Subtopic 220-10,Income Statement— Reporting Comprehensive Income—Overall.The guidance in paragraph 220-10-45-10B(b) states that taxes not payable in cash are required to be reported as a direct adjustment to paid-in capital. This requirement conflicts with other guidance in Topic 740,Income Taxes, Subtopic 805-740,Business Combinations—Income Taxes, and ~~Cash~~Subtopic ~~Equivalents~~852-740,Reorganizations— Income Taxes, which generally states that income taxes and adjustments to those accounts upon a business combination or a bankruptcy that is eligible for fresh-start reporting must be recognized in income. ASU No. 2018-09 clarifies the guidance in paragraph 220-10-45-10B by removing the generic phrase taxes not payable in cash and adding guidance that is specific to certain quasi-reorganizations.

~~Cash~~11 ~~and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.~~

• Amendments to Subtopic 470-50,Debt—Modifications and Extinguishments.The guidance in paragraph 470- 50-40-2 requires that the difference between the reacquisition price of debt and the net carrying amount of extinguished debt be recognized in income in the period of extinguishment. The guidance in that paragraph was not amended by FASB Statement No. 155, Accounting for Certain Hybrid Financial Instruments, or FASB Statement No. 159,The Fair Value Option for Financial Assets and Financial Liabilities; therefore, it does not specifically address extinguishments of debt when the fair value option is elected. ASU No. 2018-09 clarifies that: 1. When the fair value option has been elected on debt that is extinguished, the net carrying amount of the extinguished debt equals its fair value at the reacquisition date, and 2. Related gains or losses in other comprehensive income must be included in net income upon extinguishment of the debt. • Amendments to Subtopic 480-10,Distinguishing Liabilities from Equity—Overall.The guidance in paragraph 480-10-25-15 prohibits the combination of freestanding financial instruments within the scope of Subtopic 480-10 with noncontrolling interest, unless the combination is required by Topic 815,Derivatives and Hedging. The example in paragraphs 480-10-55-55 and 480-10-55-59 conflicts with that guidance by stating that freestanding option contracts with the terms in Derivative 2 should be accounted for on a combined basis with the noncontrolling interest. The source of the example in paragraph 480-10-55-59 is from EITF Issue No. 00-4, “Majority Owner’s Accounting for a Transaction in the Shares of a Consolidated Subsidiary and a Derivative Indexed to the Noncontrolling Interest in That Subsidiary.” Issue 00-4 was nullified by FASB Statement No. 150,Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity, but a conforming amendment to the example in paragraph 480-10-55-59 was not made to align it with the guidance in Statement 150. The amendment in this Update conforms the guidance in paragraphs 480-10-55-55 and 480- 10-55-59 with the guidance in Statement 150. • Amendments to Subtopic 718-740,Compensation—Stock Compensation—Income Taxes.The guidance in paragraph 718-740-35-2, as amended, is unclear on whether an entity should recognize excess tax benefits (or tax deficiencies) for compensation expense that is taken on the entity’s tax return. The amendment to paragraph 718-740-35-2 in ASU No. 2018-09 clarifies that an entity should recognize excess tax benefits (that is, the difference in tax benefits between the deduction for tax purposes and the compensation cost recognized for financial statement reporting) in the period when the tax deduction for compensation expense is taken on the entity’s tax return. This includes deductions that are taken on the entity’s return in a different period from when the event that gives rise to the tax deduction occurs and the uncertainty about whether (1) the entity will receive a tax deduction and (2) the amount of the tax deduction is resolved. • Amendments to Subtopic 805-740,Business Combinations— Income Taxes.The amendments to paragraph 805-740-25-13 removes a list of three methods for allocating the consolidated tax provision to an acquired entity after acquisition that is inconsistent with guidance in Topic 740. The three methods for tax allocation described in paragraph 805-740-25-13 do not follow the broad principles of being systematic, rational, and consistent with Topic 740. The amendment removes the allocation methods in paragraph 805-740-25-13 and conforms the guidance in Subtopic 805-740 with the guidance in Topic 740. • Amendments to Subtopic 815-10,Derivatives and Hedging— Overall.The amendment to paragraphs 815-10- 45-4 and 815-10-45-5 in ASU No. 2018-09 clarifies the circumstances in which derivatives may be offset. Under certain specific conditions, derivatives may be offset if three of the four criteria in paragraph 210-20- 45-1 are met. One of the criteria—the intent to set off—is not required to offset derivative assets and liabilities for certain amounts arising from derivative instruments recognized at fair value and executed with the same counterparty under a master netting agreement.

In12 the first quarter of fiscal year 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Effective~~• ~~October~~Amendments 1,to ~~2008~~Subtopic 820-10,Fair ~~the~~Value ~~Company~~Measurement— ~~adopted~~Overall.The ~~Accounting Standards~~amendments ~~Codification~~to ~~subtopic~~paragraph 820-10,- ~~Fair~~35-16D ~~Value~~in ~~Measurements~~ASU ~~and~~No. ~~Disclosures (“ASC 820~~2018-~~10”)~~09 ~~and~~clarify ~~Accounting~~the ~~Standards~~Board’s ~~Codification~~decisions ~~subtopic~~about ~~825-10,~~the ~~Financial Instruments~~measurement ~~(“ASC~~of ~~825-10”),~~the ~~which~~fair ~~permits~~value ~~entities~~of toa ~~choose~~liability toor ~~measure~~instrument ~~many financial~~classified ~~instruments~~in ~~and~~a ~~certain~~reporting ~~other~~entity’s ~~items~~shareholder’s atequity ~~fair~~from ~~value.~~the ~~Neither~~perspective of ~~these statements~~a ~~had~~market participant that holds an ~~impact~~identical onitem as an asset at the ~~Company’s~~measurement ~~unaudited~~date. ~~condensed~~A ~~consolidated financial~~technical ~~position,~~inquiry ~~results~~questioned how transfer restrictions embedded in an asset should affect the fair value of ~~operations~~the corresponding liability or ~~cash~~equity ~~flows~~instrument from the perspective of the issuer. The ~~carrying~~amendments ~~value~~correct the wording of ~~cash~~ ~~and~~paragraph ~~cash~~820- ~~equivalents,~~10-35-16D ~~accounts~~to ~~payable~~clarify ~~and~~how ~~short-term~~an ~~borrowings,~~entity ~~as reflected~~should inaccount ~~the~~for ~~balance~~those ~~sheets,~~restrictions. ~~approximate~~The ~~fair~~amendments ~~value~~are ~~because~~not ofintended to substantively change the ~~short-term~~ ~~maturity~~application of ~~these instruments~~GAAP. However, it is possible that the amendments may result in a change to existing practice for some entities.

The amendments to paragraphs 820-10-35-18D through 35-18F and 820-10-35- 18H through 35-18L revise the current guidance to allow portfolios of financial instruments and nonfinancial instruments accounted for as derivatives in accordance with Topic 815 to use the portfolio exception to valuation. The amendments improve guidance by adding wording that explicitly states that a group of financial assets, financial liabilities, nonfinancial items accounted for as derivatives in accordance with Topic 815, or a combination of these items that otherwise meet the criteria to do so are permitted to apply the portfolio exception for measuring fair value of the group. This allows entities to measure fair value on a net basis for those portfolios in which financial assets and financial liabilities and nonfinancial instruments are managed and valued together.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

•	Amendments to Subtopic 940-405,Financial Services—Brokers and Dealers—Liabilities.Paragraph 940-405- 55-1 contains incomplete guidance about offsetting on the balance sheet. The current guidance focuses only on explicit settlement dates as a determining criterion for offsetting when, in fact, an entity should consider all the requirements in Section 210-20-45,Balance Sheet—Offsetting—Other Presentation Matters, to determine whether a right of offset exists. There is similar guidance in paragraph 942-210-45-3. Paragraphs 940-405-55- 1 and 942-210-45- 3 originated from two different AICPA Audit and Accounting Guides and paraphrase the guidance in Subtopic 210-20, albeit each slightly differently. The Board decided to amend both paragraphs so that the industry Topic guidance refers to the complete guidance for offsetting.

•	Amendments to Subtopic 962-325,Plan Accounting—Defined Contribution Pension Plans—Investments— Other.The amendment to Subtopic 962-325 removes the stable value common collective trust fund from the illustrative example in paragraph 962-325-55-17 to avoid the interpretation that such an investment would never have a readily determinable fair value and, therefore, would always use the net asset value per share practical expedient. Rather, a plan should evaluate whether a readily determinable fair value exists to determine whether those investments may qualify for the practical expedient to measure at net asset value in accordance with Topic 820.

~~Stock-~~Transition and Effective Date. The transition and effective date guidance is based ~~Compensation~~on the facts and circumstances of each amendment. Some of the amendments in ASU No. 2018-09 do not require transition guidance and will be effective upon issuance of ASU No. 2018-09. However, many of the amendments do have transition guidance with effective dates for annual periods beginning after December 15, 2018, for public business entities.

~~The~~In ~~Company~~addition, ~~records~~there ~~stock-based~~are ~~compensation~~some ~~expense~~conforming ~~pursuant to~~amendments ~~ASC~~in ~~718~~ASU No. 2018-~~10,~~09 ~~"Share~~that ~~Based~~have ~~Payment~~been ~~Arrangement,”~~made ~~which requires companies~~ to ~~measure~~recently ~~compensation~~issued ~~cost~~guidance ~~for~~that ~~stock-based~~is ~~employee~~not ~~compensation~~yet ~~plans~~effective atthat ~~fair~~may ~~value~~require atapplication of the ~~grant~~transition ~~date~~ and ~~recognize~~effective ~~the~~date guidance ~~expense~~in ~~over~~ the ~~employee's~~ ~~requisite~~original ~~service period~~ASU. ~~The~~For ~~Company’s~~example, ~~expected~~there ~~volatility assumption~~are isconforming ~~based~~amendments onto Topic ~~the~~820 ~~historical~~and ~~volatility~~Subtopic of944-310, ~~Company’s~~Financial ~~stock~~Services—Insurance—Receivables, ~~or the~~that ~~expected~~are ~~volatility~~related ofto ~~similar~~the ~~entities.~~amendments ~~The~~in ~~expected~~Accounting ~~life~~Standards ~~assumption~~Update isNo. 2016-01, ~~primarily~~Financial ~~based~~Instruments—Overall on(Subtopic ~~historical~~825-10): ~~exercise~~Recognition ~~patterns~~ and ~~employee~~Measurement ~~post-vesting~~of ~~termination~~Financial ~~behavior.~~Assets ~~The~~and ~~risk-free~~Financial ~~interest~~Liabilities, ~~rate~~which ~~for~~require ~~the~~application ~~expected term~~ of the ~~option~~transition isand ~~based~~effective ondate ~~the~~guidance ~~U.S. Treasury yield curve~~ in ~~effect~~that ~~at the time of grant~~ASU.

~~Stock-based~~The ~~compensation~~FASB ~~expense~~has isissued ~~recognized~~Accounting ~~based~~Standards onUpdate ~~awards~~(ASU) No. ~~expected~~2018-17, Consolidation (Topic 810): Targeted Improvements to ~~vest,~~Related ~~and~~Party Guidance ~~there~~for ~~were~~Variable noInterest ~~estimated~~Entities, ~~forfeitures~~that asreduces the ~~Company~~cost ~~has~~and ~~a short~~complexity ~~history~~ of financial ~~issuing~~reporting ~~options.~~associated ~~ASC~~with ~~718-10~~consolidation ~~requires~~of ~~forfeitures~~variable tointerest beentities ~~estimated~~(VIEs). atA ~~the~~VIE ~~time~~is ofan ~~grant~~organization ~~and revised~~ in ~~subsequent~~which ~~periods,~~consolidation ifis ~~necessary, if~~not ~~actual~~based ~~forfeitures~~on ~~differ~~a majority ~~from~~of ~~those~~voting ~~estimates~~rights.

~~Net~~The ~~Loss~~new ~~Per~~guidance ~~Share~~supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements.

~~The~~13 Company has adopted Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”) which specifies the computation, presentation and disclosure requirements of earnings per share information. Basic earnings per share have been calculated based upon the weighted average number of common shares outstanding. Common equivalent shares are excluded from the computation of the diluted loss per share if their effect would be anti-dilutive.

~~Intangible~~Under ~~assets~~the new standard, a private company could make an accounting policy election to not apply VIE guidance to legal entities under common control (including common control leasing arrangements) when certain criteria are met. This accounting policy election must be applied by a private company to all current and future legal entities under common control that meet the criteria for applying the alternative. A private company will be required to continue to apply other consolidation guidance, specifically the voting interest entity guidance.

~~Intangible assets include a patent. With the adoption of FASB ASC Topic 350~~Additionally, ~~“Intangibles”, intangible assets with~~ a ~~definite~~private ~~life~~company ~~are amortized~~electing onthe aalternative ~~straight-line basis. The patent~~ is ~~being amortized over its~~ ~~estimated~~required life of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to beprovide ~~recorded~~detailed isdisclosures ~~calculated~~about ~~by the excess of the asset’s carrying value over~~ its ~~fair~~involvement ~~value.~~with, ~~Fair value is generally determined~~and ~~using~~exposure ~~a discounted cash flow analysis. Costs related~~ to, ~~internally~~the ~~develop intangible~~legal ~~assets~~entity ~~are~~under ~~expensed~~common ~~as incurred~~control.

~~Recent~~The ~~accounting~~ASU ~~pronouncements~~also amends the guidance for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). Therefore, these amendments likely will result in more decision makers not consolidating VIEs.

~~FASB~~For ~~Clarifies~~organizations other than private companies, the ~~Definition~~amendments in ofthis aASU ~~Business.~~are ~~The~~effective ~~FASB~~for ~~has issued~~fiscal ~~Accounting~~years ~~Standards~~beginning ~~Update~~after ~~No.~~December ~~2017-01~~15, ~~Business~~2019, and ~~Combinations~~interim ~~(Topic 805):~~periods ~~Clarifying~~within ~~the~~those ~~Definition~~fiscal ofyears. aThe ~~Business,~~amendments ~~clarifying~~in ~~the~~this ~~definition~~ASU ofare effective for a ~~business.~~ ~~The~~private ~~amendments~~company ~~affect~~for ~~all~~fiscal ~~companies~~years ~~and~~beginning ~~other~~after ~~reporting~~December ~~organizations~~15, ~~that~~2020, ~~must~~and ~~determine~~interim ~~whether~~periods ~~they~~within ~~have~~fiscal ~~acquired~~years orbeginning ~~sold~~after aDecember ~~business~~15, 2021. Early adoption is permitted.

~~The~~NOTE ~~definition~~3 of– aPREPAYMENTS business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments provide a more robust framework to use in determining when a set of assets and activities is a business. They also provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable.

~~For~~Prepayments ~~public~~consist ~~companies,~~of the ~~amendments~~following: are effective for annual periods beginning after December 15, 2017, including interim periods within those periods. For all other companies and organizations, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019.

		December 31, 2018		December 31, 2017
Prepaid expenses		12,000		10,000
	$	12,000	$	10,000

~~The~~NOTE ~~FASB~~4 ~~has~~– ~~issued~~ACCRUED ~~Accounting~~EXPENSES Standards Update (ASU) No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The amendments apply to all employers, including not-for-profit entities, that offer to their employees defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715, Compensation — Retirement Benefits.

~~The~~Accrued ~~amendments~~expenses ~~require~~consist that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of ~~net benefit cost are required to be presented in~~ the ~~income statement~~following: separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed.

The amendments also allow only the service cost component to be eligible for capitalization when applicable (e.g., as a cost of internally manufactured inventory or a self-constructed asset).

		December 31, 2018		December 31, 2017
Accrued payroll	$	9,344	$	9,344
Accrued employee benefits and pension expenses		288		288
Accrued professional fees		27,655		26,024
	$	37,287	$	35,656

~~The~~NOTE ~~amendments~~5 ~~are~~- ~~effective~~RELATED ~~for~~PARTY ~~public~~TRANSACTIONS business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. For other entities, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance.

~~FASB~~On ~~Amends~~February ~~SEC~~28, ~~Paragraphs~~2017, ~~related to Revenue Recognition and Leases Standards for Public Business Entities~~Mr. ~~The~~Ho ~~FASB~~Kang–wing ~~has issued Accounting Standards Update~~ (~~ASU)~~the ~~No.~~holder ~~2017-13.This ASU adds, amends, and supersedes SEC~~of ~~paragraphs~~convertible ofpromissory ~~the Accounting Standards Codification (ASC~~note) ~~related~~elected to convert the ~~adoption~~ ~~and~~entire ~~transition~~outstanding ~~provisions~~amount of ~~ASU No. 2014-09, Revenue From Contracts~~ ~~with~~the ~~Customers~~Note ~~and~~into ~~ASU 2016-02~~105, ~~Leases~~066,~~for~~666 ~~public~~common ~~business~~shares ~~entities.~~of ~~The~~the ~~ASU~~Company ~~is titled~~including ~~ASU~~the Noaccumulated interest. ~~2017-13~~Therefore, ~~Revenue~~the ~~Recognition~~issued ~~(Topic~~and ~~605),~~outstanding ~~Revenue~~common ~~from~~shares ~~Contracts with~~of ~~Customers~~the ~~(Topic 606), Leases (Topic 840), and Leases (Topic 842):~~Company ~~Amendments~~were toincreased ~~SEC Paragraphs Pursuant~~ to ~~the~~133,506,570 ~~Staff~~shares ~~Announcement~~ at ~~the~~that ~~July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments~~date.

~~ASU~~There ~~2017-13~~was ~~codifies~~no ~~portions~~related ofparty antransaction ~~SEC Staff Announcement made at the July 20, 2017 Emerging Issues Task Force (EITF) meeting essentially delaying the effective date of the revenue recognition and leases standards~~ for a ~~subset of public entities . The SEC Observer made~~ the ~~following~~year ~~SEC Staff~~ended ~~Announcement~~December 31, ~~“Transition~~2018 ~~Related to Accounting Standards Updates No. 2014-09~~ and ~~2016-02,” at the July 20,~~ 2017. ~~EITF meeting:~~

~~The~~NOTE ~~SEC~~6 ~~staff~~– ~~would~~INCOME ~~not~~TAXES object to a public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC adopting (1) ASC Topic 606, Revenue from Contracts with Customers for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019, and (2) ASC Topic 842, Leases for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020.

AThe ~~public~~Company ~~business~~is ~~entity~~registered ~~that~~in ~~otherwise~~the ~~would~~State ~~not~~of ~~meet~~Nevada ~~the~~and has ~~definition~~operations ofin aprimarily ~~public~~two ~~business~~tax ~~entity~~jurisdictions ~~except~~-The United States and Hong Kong. For the operations in the U.S., the Company has incurred net accumulated operating losses for aincome ~~requirement~~tax topurposes. ~~include~~The orCompany believes that it is more ~~the~~likely ~~inclusion~~than ofnot ~~its~~that ~~financial~~these ~~statements~~net oraccumulated ~~financial~~operating ~~information~~losses inwill ~~another~~not be utilized ~~entity’s~~in ~~filing~~the ~~with~~future. Therefore, the ~~SEC~~Company ~~may~~has ~~still~~provided ~~elect~~full tovaluation ~~adopt~~allowance ~~ASC~~for the ~~Topic~~deferred ~~606~~tax ~~and~~assets ~~ASC~~arising from the losses in the U.S. as of ~~Topic~~December ~~842~~31, ~~according~~2018 toand 2017. Accordingly, the ~~public~~Company ~~business~~has ~~entity~~no ~~effective~~net ~~dates~~deferred tax assets on the U.S. operations.

~~This~~14 announcement is applicable only to public business entities that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC. This announcement is not applicable to other public business entities.

~~FASB~~United ~~Amends~~States ~~Codification~~of ~~for~~America New SEC Content. The FASB has issued Accounting Standards Update (ASU) No. 2017-14, Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from Contracts with Customers (Topic 606). ASU 2017-14 includes amendments to certain SEC paragraphs within the FASB Accounting Standards Codification (Codification). ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the SEC. SEC Staff Accounting Bulletin (SAB) No. 116

12For the year ended December 31, 2018, the Company had net operating loss carry-forwards of approximately $1,463,206 that may be available to reduce future years’ taxable income through 2035, Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The ~~SEC~~provision ~~issued~~for ~~SAB~~Federal ~~116~~income totax ~~bring~~consists ~~existing~~of ~~SEC staff guidance into conformity with~~ the ~~FASB’s adoption of and amendments to ASC Topic 606,~~following ~~Revenue~~years ~~from~~ended ~~Contracts~~December with Customers. The SAB modified SAB Topic 13, Revenue Recognition, SAB Topic 8, Retail Companies, and Section A, Operating-Differential Subsidies, of SAB Topic 11, Miscellaneous Disclosure. ASU 2017-14 supersedes various SEC paragraphs and amends an SEC paragraph pursuant to the issuance of SAB 116.31:

SEC Interpretive Release on Vaccines for Federal Government Stockpiles (SEC Release No. 33-10403)

		2018			2017
Federal income tax benefit attributable to:
Current Operations	$	84,265		$	97,017
Less: Valuation allowance		(84,265	)		( 97,017	)
Net provision for Federal income taxes	$	-		$	-

~~The~~Deferred SEC issued this release to update its 2005 Commission Guidance Regarding Accounting for Sales of Vaccines and Bioterror Countermeasures to the Federal Government for Placement into the Pediatric Vaccine Stockpile or the Strategic National Stockpile. The release stated that consistent with ASC Topic 606, manufacturers should recognize revenue for vaccines that are placed into the Vaccines for Children Program and the Strategic National Stockpile. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in the 2005 Release. ASU 2017-14 supersedes various SEC paragraphs and adds an SEC paragraph pursuant to this guidance. taxes:

~~NOTE~~The 3–tax ~~CONVERTIBLE~~effect ~~PROMISSORY~~of ~~NOTE~~temporary differences that give rise to the Company’s deferred tax asset as of December 31, 2018 and 2017 are as follows:

Convertible Promissory Note consists of the following:

U.S:		2018			2017
Deferred tax asset – non-current:
Net operating loss carry forward	$	1,463,206		$	1,378,941
Valuation allowance		(1,463,206	)		(1,378,941	)
Net deferred tax asset	$	-		$	-

		December 31, 2017		December 31, 2016
Convertible Promissory Note		-		1,000,000
	$	-	$	1,000,000

The following is a reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2018 and 2017:

On July 15, 2016, the Company entered into Securities Purchase Agreement with the President, Chief Executive Officer and Director, Mr. Ho Kang-Wing, Pursuant to the agreement the Company issued to Mr. Ho a Convertible Promissory Note in consideration of $1,000,000 in cash. An interest rate is 8% per annum. Maturity date is July 14, 2018. The fair value measurement of the convertible promissory note was recorded in carrying amount because the convertible promissory note was issued to the existing shareholder, the current fair value calculation models did not reflect the fair value of the note in this transaction and this note was subsequently converted to common stock on February 28, 2017.

	2018	2017
U.S. Federal tax at statutory rate	21%	34%
Valuation allowance	(21%)	(34%)
Foreign income tax- HK	16.5%	16.5%
Other (a)	(16.5%)	(16.5%)
Effective tax rate	0%	0%

~~NOTE~~Other 4represents –expenses ~~PREPAYMENTS~~incurred by the Company that are not deductible for HK income taxes and changes in valuation allowance for HK entities for the years ended December 31, 2018 and 2017.

~~Prepayments~~15 ~~consist of the following:~~

		December 31, 2017		December 31, 2016
Prepaid expenses		10,000		10,000
	$	10,000	$	10,000

NOTE 7 – COMMON STOCK

~~NOTE~~On 5June –21, ~~ACCRUED~~2011, ~~EXPENSES~~the Company issued 55,500,000 shares of its common stock for $0.015 per share to individuals for aggregate gross proceeds of $832,500.

~~Accrued~~On ~~expenses~~June ~~consist~~21, 2011, the Company converted its outstanding related party notes payable totaling $523,908 into 34,927,218 shares of Common Stock. The deemed price of the ~~following:~~shares issued was $0.015.

		December 31, 2017		December 31, 2016
Accrued payroll	$	9,344	$	-
Accrued employee benefits and pension expenses		288		-
Accrued professional fees		26,024		26,171
Accrued interest expenses		-		37,333
	$	35,656	$	63,504

On June 21, 2011, the Company issued an aggregate of 266,667 shares of common stock, at a deemed price of $0.015 per share, to pay $4,000 for services.

13On May 17, 2012, the Company issued an aggregate of 39,854,567 shares of common stock at a price of $0.03 per share, pursuant to the closing of a private placement, for aggregate gross proceeds of approximately $1,200,000.

~~NOTE~~On 6June -25, ~~RELATED~~2012, ~~PARTY~~the ~~TRANSACTIONS~~Company amended its articles of incorporation to increase the authorized number of shares of common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0.001 per share.

~~Related~~On ~~party~~July ~~transaction~~26, 2012, the Company issued 150,000,000 shares of common stock as a part of consideration for acquisition of Vegfab Agricultural Technology Co., Ltd. (Note 12).

OnIn ~~February 28~~July, ~~2017~~2012, ~~Mr.~~the HoCompany ~~Kang–wing~~issued ~~(the~~18,333,333 ~~holder~~shares of common ~~convertible~~stock ~~promissory~~to ~~note)~~the ~~elected~~Company’s topresident, ~~convert~~pursuant to the ~~entire~~acquisition ~~outstanding amount~~ of Vegfab ~~the~~Agricultural ~~Note~~Technology ~~into 105~~Co.,~~066,666~~ ~~common~~Ltd. ~~shares~~The ~~of the~~ Company ~~including~~agreed ~~the~~to ~~accumulated interest.~~pay ~~Therefore,~~its ~~the~~president ~~issued~~share compensation ~~and~~of ~~outstanding~~10% ~~common shares~~ of the ~~Company were~~value ~~increased~~of tothe ~~133,506,570~~acquisition ~~shares~~that athe ~~that~~secured ~~date.~~for the company.

~~There~~On January 4, 2013, the Company entered into a Share Purchase and Sale Agreement with Mr. Pan Yen Chu pursuant to which the Company sold to Mr. Pan 100% of all issued and outstanding securities of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, Mr. Pan has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in the aggregate. The transfer of common shares was nocompleted ~~related~~on January ~~party~~7, ~~transaction~~2013. ~~for~~In connection with the ~~year~~sale ~~ended~~HTT, the 45,000,000 common shares ~~December~~of 31the Company received as consideration will be returned to treasury. The 45,000,000 ~~2017~~shares constitute approximately 11.5% of the Company’s currently issued and outstanding common stock.

~~NOTE~~On 7September –16, ~~INCOME~~2013, ~~TAXES~~the Company issued 140,678,401 shares of common stock to fifty-seven individuals for aggregate proceeds of $9,300,785 at deemed prices as follows:

~~The~~1. ~~Company~~30,986 isshares ~~registered~~at inUS$0.03 ~~the~~per ~~State~~share; of2. ~~Nevada~~4,017,557 ~~and~~shares ~~has operations~~at inUS$0.04 ~~primarily~~per ~~two~~share; ~~tax~~3. ~~jurisdictions~~29,768,176 ~~-The~~shares ~~United~~at ~~States and Hong Kong~~US$0. ~~For~~045 ~~the~~per ~~operations~~share; ~~in the U~~4.S. 21,961,580 ~~the~~shares ~~Company~~at ~~has incurred net accumulated operating losses for income tax purposes~~US$0.05 ~~The~~per ~~Company~~share; ~~believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future~~5. ~~Therefore~~4,525,102 ~~the~~shares ~~Company~~at ~~has provided full valuation allowance for the deferred tax assets arising from the losses in the U~~US$0.S.06 asper ofshare; ~~December 31, 2017~~ and ~~2016~~6. ~~Accordingly~~80,375,000 ~~the~~shares ~~Company~~at ~~has no net deferred tax assets on the U~~US$0.S.08 ~~operations.~~per share.

~~United~~The ~~States~~Company paid $500,000 of ~~America~~commission to an individual for the above private placements.

~~For~~On ~~the~~November ~~year ended December 31~~26, ~~2017~~2013, the Company ~~had~~issued ~~net operating loss carry-forwards of approximately $1~~69,~~378~~242,~~941~~000 ~~that~~shares ~~may~~of common bestock ~~available~~ to ~~reduce~~nine ~~future~~individuals ~~years’~~for ~~taxable~~aggregate ~~income~~proceeds ~~through 2035, Future tax benefits which may arise as a result~~ of ~~these losses have not been recognized in these financial statements~~$5, ~~as their realization is determined not likely to occur and accordingly~~389,360 ~~the~~at ~~Company has recorded a valuation allowance for the deferred tax~~deemed ~~asset~~prices ~~relating~~as tofollows: ~~these tax loss carry-forwards.~~

~~The~~1. ~~provision~~5,000,000 ~~for~~shares ~~Federal~~at ~~income~~US$0.05 ~~tax~~per ~~consists of the following years ended December 31:~~share;

		2017			2016
Federal income tax benefit attributable to:
Current Operations	$	97,017		$	146,326
Less: Valuation allowance		(97,017	)		( 146,326	)
Net provision for Federal income taxes	$	-		$	-

~~Deferred~~2. ~~taxes:~~64,242,000 shares at US$0.08 per share;

~~The~~On ~~tax~~June ~~effect~~23, of2016, ~~temporary~~the ~~differences~~company ~~that~~made ~~give~~a ~~rise~~stock toreverse ~~the~~split of 20 ~~Company’s~~to ~~deferred~~1. ~~tax~~The ~~asset~~issued asand ofoutstanding ~~December~~common 31stock was consolidated from 613,447,306 shares ~~2017~~to ~~and~~30,672,404 ~~2016~~shares ~~are~~with ~~as follows:~~fractional share round up to 1 share.

14On October 4, 2016, the company cancelled the treasury stock of common shares 2,232,500.

U.S:		2017			2016
Deferred tax asset – non-current:
Net operating loss carry forward	$	1,378,941		$	1,281,924
Valuation allowance		(1,378,941	)		(1,281,924	)
Net deferred tax asset	$	-		$	-

On February 28, 2017, Mr. Ho Kang–wing (the holder of convertible promissory note) elected to convert the entire outstanding amount of the Note into 105,066,666 common shares of the Company including the accumulated interest. Therefore, the issued and outstanding common shares of the Company were increased to 133,506,570 shares at that date.

~~The~~NOTE ~~following~~8 is– aSHARE-BASED ~~reconciliation~~COMPENSATION ~~of the statutory tax rate to the effective tax rate for the years ended December 31, 2017 and 2016:~~

	2017	2016
U.S. Federal tax at statutory rate	34%	34%
Valuation allowance	(34%)	(34%)
Foreign income tax- HK	16.5%	16.5%
Other (a)	(16.5%)	(16.5%)
Effective tax rate	0%	0%

On April 19, 2013, the Company granted to Mr. Christian Nielsen, accounting manager stock options to purchase 1,000,000 of the Company’s common stock for services performed for the Company, at an exercise price of $0.03 per share. The options have a five-year contractual term and are vested at the date of grant.

~~Other~~In ~~represents~~accordance ~~expenses~~with ~~incurred~~the byguidance provided in ASC Topic 718, Stock Compensation, the ~~Company~~compensation ~~that~~costs ~~are~~associated ~~not~~with these options are ~~deductible~~recognized, ~~for~~based HKon ~~income~~the ~~taxes~~grant-date ~~and~~fair ~~changes~~values inof ~~valuation~~these ~~allowance~~options, ~~for~~over HKthe ~~entities~~requisite service period, or vesting period. Accordingly, the Company recognized a compensation expense of $56,643 for the ~~years~~period ended December 31, ~~2017 and 2016~~2013.

~~NOTE~~The 8Company estimated the fair value of these options using the Black-Scholes-Merton –option ~~COMMON~~pricing ~~STOCK~~model based on the following weighted-average assumptions:

On June 21, 2011, the Company issued 55,500,000 shares of its common stock for $0.015 per share to individuals for aggregate gross proceeds of $832,500.

Date of grant		19-Apr-13
Fair value of common stock on date of grant (A)	$	0.06
Exercise price of the options	$	0.03
Expected life of the options (years)		-
Dividend yield		0.00%
Expected volatility		223.57%
Risk-free interest rate		0.27%
Expected forfeiture per year (%)		0.00%
Weighted-average fair value of the options (per unit)	$	0.0566

On The ~~June~~fair ~~21,~~value ~~2011,~~of the Company's ~~converted~~common ~~its~~stock ~~outstanding~~was ~~related party~~obtained ~~notes~~from ~~payable~~the ~~totaling~~closing ~~$523,908~~price on ~~into~~the ~~34,927,218~~OTC ~~shares~~Bulletin of(A) ~~Common~~Board ~~Stock. The~~as ~~deemed price~~ of the ~~shares~~dates ~~issued~~of ~~was $0~~grant.~~015.~~

OnFair ~~June~~value ~~21,~~hierarchy ~~2011,~~of the ~~Company~~above ~~issued~~assumptions ancan ~~aggregate of 266,667~~be ~~shares~~categorized ofas ~~common~~follows: ~~stock, at a deemed price of $0.015 per share, to pay $4,000 for services.~~

On May 17, 2012, the Company issued an aggregate of 39,854,567 shares of common stock at a price of $0.03 per share, pursuant to the closing of a private placement, for aggregate gross proceeds of approximately $1,200,000.

(1)	Level 1 inputs include:

	Fair value of common stock on date of grant- Obtained from the closing price of the Company’s common stock quoted on the OTC Bulletin Board as of the date of grant.

(2)	Level 2 inputs include:

	Expected volatility- Based on historical volatility of the closing price of the Company’s common stock quoted on the OTC Bulletin Board.

	Risk-free rate- The risk-free rate of return reflects the interest rate for United States Treasury Note with similar time-to-maturity to that of the options.

On17 June 25, 2012, the Company amended its articles of incorporation to increase the authorized number of shares of common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0.001 per share.

On July 26, 2012, the Company issued 150,000,000 shares of common stock as a part of consideration for acquisition of Vegfab Agricultural Technology Co., Ltd. (Note 12).

(3)	Level 3 inputs include:

	Expected lives- The expected lives of options granted were derived from the output of the option valuation model and represented the period of time that options granted are expected to be outstanding.

	Expected forfeitures per year- The expected forfeitures are estimated at the dates of grant and will be revised in subsequent periods pursuant to actual forfeitures, if significantly different from the previous estimates.

InThe ~~July,~~estimates ~~2012,~~of ~~the~~fair ~~Company~~value ~~issued~~from ~~18,333,333~~the ~~shares~~model ofare ~~common~~theoretical ~~stock~~values toof ~~the~~stock ~~Company’s~~options ~~president,~~and ~~pursuant~~changes toin the ~~acquisition~~assumptions ofused ~~Vegfab~~in the model could ~~Agricultural~~result ~~Technology~~in ~~Co.,~~materially ~~Ltd.~~different ~~The~~fair ~~Company~~value ~~agreed~~estimates. toThe ~~pay~~actual ~~its~~value ~~president~~of ~~share~~the ~~compensation~~stock ofoptions ~~10%~~will ofdepend on the market value of the ~~acquisition~~Company’s ~~that~~common hestock ~~secured~~when the ~~for~~stock ~~the company~~options are exercised.

OnOptions ~~January 4, 2013, the Company entered into a Share Purchase and Sale Agreement with Mr. Pan Yen Chu pursuant to which the Company sold to Mr. Pan 100% of all~~ issued and outstanding ~~securities~~as of ~~its~~December ~~wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT~~31, ~~Mr.~~2018 ~~Pan has transferred to the Company 45,000,000 previously~~and ~~issued~~their ~~common~~activities ~~voting~~during ~~shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in~~ the ~~aggregate.~~twelve ~~The transfer~~months ofthen ~~common~~ended ~~shares~~are ~~was completed on January 7, 2013. In connection with the sale HTT, the 45,000,000 common shares of the Company received~~ as ~~consideration~~ ~~will~~follows: ~~be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of the Company’s currently issued and outstanding common stock.~~

					Weighted-Average
	Number of			Weighted-Average	Contractual Life
	Underlying			Exercise Price Per	Remaining in
	Shares			Share	Years

Outstanding as of January 1, 2018	-		$	-

Granted- Before reverse split	1,000,000			0.03

Granted- After reverse split	50,000			0.6

Expired	(50,000	)		-

Forfeited	-			-

Outstanding as of December 31, 2018	-			-	-

Exercisable as of December 31, 2018	-			-	-

Vested and expected to vest	-			-	-

OnAs ~~September~~of 16December 31, ~~2013~~2018, the ~~Company~~aggregate ~~issued~~intrinsic ~~140,678,401~~value ~~shares~~ of ~~common~~options ~~stock~~outstanding towas ~~fifty-seven individuals for aggregate proceeds of~~ $~~9,300,785~~0. ~~at deemed prices as follows:~~

1.NOTE ~~30,986~~9 ~~shares~~– atEARNINGS ~~US$0.03~~PER ~~per~~SHARE share; 2. 4,017,557 shares at US$0.04 per share; 3. 29,768,176 shares at US$0.045 per share; 4. 21,961,580 shares at US$0.05 per share; 5. 4,525,102 shares at US$0.06 per share; and 6. 80,375,000 shares at US$0.08 per share.

The Company ~~paid~~calculates ~~$500~~earnings per share in accordance with ASC 260,~~000~~ ofEarnings ~~commission~~Per toShare, anwhich ~~individual~~requires ~~for~~a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted ~~above~~average ~~private~~number ~~placements~~of shares outstanding during the fiscal year. The following table sets forth the computation of basic and diluted net income per common share:

On18 ~~November 26, 2013, the Company issued 69,242,000 shares of common stock to nine individuals for aggregate proceeds of $5,389,360 at deemed prices as follows:~~

	1.	5,000,000 shares at US$0.05 per share;
	2.	64,242,000 shares at US$0.08 per share;

The following table sets forth the computation of basic and diluted net income per common share:

On June 23, 2016, the company made a stock reverse split of 20 to 1. The issued and outstanding common stock was consolidated from 613,447,306 shares to 30,672,404 shares with fractional share round up to 1 share.

		December 31, 2018			December 31, 2017

Numerator

Net (loss)/income	$	(208,310	)	$	(220,940	)

Denominator

Weighted average shares – Basic EPS		133,506,570			116,811,045

Weighted average shares – Diluted EPS		133,506,570			116,811,045

Net income (loss) per share – Basic and Diluted

EPS - basic and diluted	$	(0.002	)	$	(0.002	)

OnNOTE ~~October~~10 4,– ~~2016,~~SUBSEQUENT ~~the company cancelled the treasury stock of common shares 2,232,500.~~ EVENTS

OnThe ~~February~~Company ~~28,~~evaluated ~~2017,~~all ~~Mr.~~events Hoor ~~Kang–wing~~transactions ~~(the~~that ~~holder of~~occurred ~~convertible~~after ~~promissory~~December ~~note)~~31, ~~elected~~2018 toup ~~convert~~through the ~~entire~~date ~~outstanding amount of~~ the ~~Note into 105,066,666 common shares of the~~ Company ~~including the accumulated interest. Therefore, the~~ issued ~~and~~these ~~outstanding common shares of the Company~~financial ~~were increased to 133,506,570 shares at that date~~statements.

~~NOTE~~19 ~~9 – SHARE-BASED COMPENSATION~~

OnItem ~~April 19, 2013, the Company granted to Mr~~9. ~~Christian Nielsen,~~Changes ~~accounting~~in ~~manager~~and ~~stock~~Disagreements ~~options~~with toAccountants ~~purchase~~on ~~1,000,000~~Accounting ~~of the Company’s common stock for services performed for the Company, at an exercise price of $0.03 per share. The options have a five-year contractual term~~ and ~~are~~Financial ~~vested at the date of grant.~~ Disclosure

InThere ~~accordance~~were ~~with~~no ~~the~~disagreements ~~guidance~~related ~~provided~~to inaccounting ~~ASC~~principles ~~Topic 718,~~or ~~Stock Compensation~~practices, ~~the~~financial ~~compensation~~statement ~~costs~~disclosure, ~~associated~~internal ~~with~~controls ~~these~~or ~~options~~auditing ~~are~~scope ~~recognized,~~or ~~based~~procedure onduring the ~~grant-date~~two ~~fair~~fiscal ~~values~~years ofand ~~these~~interim ~~options~~periods, ~~over~~including the ~~requisite~~interim ~~service~~ period, orup ~~vesting~~through ~~period. Accordingly,~~ the ~~Company~~date ~~recognized a compensation expense of $56,643 for~~ the ~~period~~relationship ended ~~December 31, 2013~~.

~~The~~Item ~~Company~~9A. ~~estimated~~Controls ~~the~~and ~~fair value of these options using the Black-Scholes-Merton option pricing model based on the following weighted-average assumptions:~~ Procedures

Date of grant		19-Apr-13
Fair value of common stock on date of grant (A)	$	0.06
Exercise price of the options	$	0.03
Expected life of the options (years)		0.3
Dividend yield		0.00%
Expected volatility		223.57%
Risk-free interest rate		0.27%
Expected forfeiture per year (%)		0.00%
Weighted-average fair value of the options (per unit)	$	0.0566

Evaluation of Disclosure Controls and Procedures

16We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

~~The~~As ~~fair~~of ~~value~~the end of the ~~Company's common~~period ~~stock~~covered ~~was~~by ~~obtained~~this ~~from~~report, our management, with the ~~closing~~participation ~~price~~of onour ~~the~~chief ~~OTC~~executive ~~Bulletin~~officer and chief financial officer (A)our ~~Board~~principal executive officer, principal financial officer asand principal accounting officer), carried out an evaluation of the effectiveness ~~dates~~ of ~~grant~~our disclosure controls and procedures. Based upon this evaluation, and the material weaknesses outlined in our Management Report on Internal Control Over Financial Reporting, our management concluded that our disclosure controls and procedures were not effective.

~~Fair~~Management’s ~~value~~Report ~~hierarchy~~on ofInternal ~~the~~Control ~~above~~Over ~~assumptions can be~~Financial ~~categorized~~Reporting ~~as follows:~~

(1)	Level 1 inputs include:
	Fair value of common stock on date of grant- Obtained from the closing price of the Company’s common stock quoted on the OTC Bulletin Board as of the date of grant.
(2)	Level 2 inputs include:
	Expected volatility- Based on historical volatility of the closing price of the Company’s common stock quoted on the OTC Bulletin Board.
	Risk-free rate- The risk-free rate of return reflects the interest rate for United States Treasury Note with similar time-to-maturity to that of the options.
(3)	Level 3 inputs include:
	Expected lives- The expected lives of options granted were derived from the output of the option valuation model and represented the period of time that options granted are expected to be outstanding.
	Expected forfeitures per year- The expected forfeitures are estimated at the dates of grant and will be revised in subsequent periods pursuant to actual forfeitures, if significantly different from the previous estimates.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer), we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2018 using the criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

~~The~~A ~~estimates~~material weakness is a deficiency, or combination of deficiencies, ~~fair~~in ~~value~~internal ~~from~~control ~~the~~over ~~model~~financial ~~are~~reporting, ~~theoretical values~~such ofthat ~~stock~~there ~~options~~is ~~and~~a reasonable ~~changes~~possibility inthat ~~the~~a ~~assumptions~~material ~~used~~misstatement inof ~~the~~our ~~model~~annual ~~could~~or interim ~~result~~financial instatements ~~materially~~will ~~different~~not ~~fair~~be ~~value~~prevented ~~estimates.~~or ~~The~~detected ~~actual~~on ~~value~~a timely basis. In our assessment of the ~~stock~~ ~~options~~effectiveness ~~will~~of ~~depend~~internal oncontrol ~~the~~over ~~market~~financial ~~value~~reporting as of ~~the~~December ~~Company’s~~31, ~~common~~2018, ~~stock~~we ~~when~~determined that there were control deficiencies that ~~the~~constituted ~~stock~~material ~~options~~weaknesses, ~~are~~as ~~exercised.~~described below:

Options issued and outstanding as of December 31, 2017 and their activities during the twelve months then ended are as follows:

1.	We do not have an audit committee or a financial expert on our board of directors – While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over our financial statements. Currently, the board of directors acts in the capacity of the audit committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

2.	We did not implement appropriate information technology controls – As of December 31, 2018, we retain copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of our data or off-site storage of the data in the event of theft, misplacement or loss due to unmitigated factors.

				Weighted-Average
	Number of		Weighted-Average	Contractual Life
	Underlying		Exercise Price Per	Remaining in
	Shares		Share	Years
Outstanding as of January 1, 2017	-	$	-
Granted- Before reverse split	1,000,000		0.03
Granted- After reverse split	50,000		0.6
Expired	-			-
Forfeited	-		-
Outstanding as of December 31, 2017	50,000		0.6	0.3
Exercisable as of December 31, 2017	50,000		0.6	0.3
Vested and expected to vest	50,000		0.6	0.3

Accordingly, we concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis by our internal controls.

1720

As a result of ~~December~~the ~~31,~~material ~~2017~~weaknesses described above, management ~~the~~has ~~aggregate~~concluded ~~intrinsic~~that ~~value~~we did not maintain effective internal control over financial reporting as of December 31, 2018 based on criteria established ~~options~~in ~~outstanding~~Internal ~~was~~Control—Integrated ~~$0.~~Framework issued by COSO.

~~NOTE~~Centurion 10ZD –CPA ~~EARNINGS~~& ~~PER~~Co. ~~SHARE~~(as successor to Centurion ZD CPA Limited), an independent registered public accounting firm, was not required to and has not issued a report concerning the effectiveness of our internal control over financial reporting as of December 31, 2018.

~~The~~Continuing ~~Company~~Remediation ~~calculates~~Efforts ~~earnings~~to ~~per~~Address ~~share~~Deficiencies in ~~accordance with~~ ~~ASC~~our ~~260,~~Internal ~~Earnings~~Control ~~Per~~Over ~~Share,~~Financial ~~which~~Reporting requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. The following table sets forth the computation of basic and diluted net income per common share:

~~The~~Once ~~following~~we ~~table~~are ~~sets~~engaged ~~forth~~in ~~the~~a ~~computation~~business of ~~basic~~merit and have sufficient ~~diluted~~personnel ~~net~~available, ~~income~~then ~~per~~our ~~common~~board ~~share:~~of directors, in particular and in connection with the aforementioned deficiencies, will establish the following remediation measures:

		December 31, 2017			December 31, 2016
1.	Our board of directors will nominate an audit committee and audit committee financial expert.
Numerator
2.	We will implement formal procedures to ensure that appropriate backup of off-site storage of our data is implemented.
Net (loss)/income	$	(220,940	)	$	(299,500	)
Denominator
Weighted average shares – Basic EPS		116,811,045			22,670,938
Weighted average shares – Diluted EPS		116,811,045			22,670,938
Net income (loss) per share – Basic and Diluted
EPS - basic and diluted	$	(0.002	)	$	(0.01	)

~~NOTE~~Changes 11in –Internal ~~SUBSEQUENT~~Control ~~EVENTS~~

~~The~~During ~~Company~~the ~~evaluated~~fiscal ~~all~~year ~~events~~ended orDecember ~~transactions~~31, ~~that~~2018 ~~occurred~~there were no ~~after~~changes ~~December~~in ~~31,~~our ~~2017~~internal upcontrol ~~through~~over ~~the~~financial ~~date~~reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the ~~Company~~Exchange ~~issued~~Act) ~~these~~that ~~financial~~materially affected, ~~statements.~~or are reasonably likely to materially affect, our internal control over financial reporting.

18Item 9B. Other Information

~~Item 9~~None. ~~Changes in and Disagreements with Accountants on Accounting and Financial Disclosure~~

~~There~~21 were no disagreements related to accounting principles or practices, financial statement disclosure, internal controls or auditing scope or procedure during the two fiscal years and interim periods, including the interim period up through the date the relationship ended.

~~Item~~PART ~~9A.~~III ~~Controls and Procedures~~

~~Evaluation~~Item of10. ~~Disclosure~~Directors, ~~Controls~~Executive Officers and ~~Procedures~~ Corporate Governance

WeThe ~~maintain~~following ~~disclosure~~table ~~controls~~sets ~~and~~forth ~~procedures~~the directors, ~~as defined in~~executive ~~Rule~~officers, ~~13a-15(e)~~promoters and ~~Rule~~control ~~15d-15(e)~~persons, ~~promulgated~~their ~~under the Securities Exchange Act of 1934 (the "Exchange Act")~~ages, ~~that~~and ~~are~~all ~~designed~~offices ~~to ensure that information~~and ~~required~~positions toheld bewithin ~~disclosed~~our bycompany usas inof ~~the~~December ~~reports~~31, ~~that~~2018. weDirectors ~~file~~are ~~or submit under the~~elected ~~Exchange~~for ~~Act~~a isperiod ~~recorded,~~of ~~processed,~~one ~~summarized~~year and ~~reported~~thereafter ~~within~~serve ~~the~~until ~~time periods~~their ~~specified~~successor inis ~~the~~duly elected ~~rules~~by ~~and forms of~~ the ~~SEC,~~stockholders and ~~that~~qualified. ~~such~~Officers ~~information is accumulated~~ and ~~communicated~~other toemployees ~~our~~serve ~~management, including our chief executive~~at ~~officer~~the ~~and~~will ~~chief~~of ~~financial~~the ~~officer,~~board asof ~~appropriate to allow timely decisions regarding required disclosure~~directors.

As of the end of the period covered by this report, our management, with the participation of our chief executive officer and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer), carried out an evaluation of the effectiveness of our disclosure controls and procedures. Based upon this evaluation, and the material weaknesses outlined in our Management Report on Internal Control Over Financial Reporting, our management concluded that our disclosure controls and procedures were not effective.

Name	Age	Position	Date First Elected or Appointed
Ho Kang-Wing	56	Chairman, Chief Executive Officer, President and Director	March 12, 2015
Yam Chi-Wah	56	Chief Financial Officer	March 12, 2015
He Jiaxian	32	Director	March 12, 2015
He Jingtian	64	Director	March 12, 2015
Tam Yuk-Ching	52	Director	March 12, 2015

~~Management’s~~Business ~~Report~~Experience ~~on Internal Control Over Financial Reporting~~

~~Our~~The ~~management~~following is ~~responsible~~a ~~for~~brief ~~establishing~~account ~~and~~of ~~maintaining adequate~~the ~~internal~~education ~~control~~and ~~over~~business experience ~~financial~~during ~~reporting.~~at ~~Under~~least the ~~supervision~~past ~~and with~~five ~~the~~years ~~participation~~ of ~~our~~each ~~management~~director, ~~including our chief~~ executive ~~officer~~ officer and ~~chief~~key ~~financial~~employee ~~officer~~of (our ~~principal executive officer~~company, ~~principal financial~~indicating ~~officer~~the ~~and~~person’s principal occupation ~~accounting~~during ~~officer)~~that period, weand ~~conducted an evaluation of~~ the ~~effectiveness~~name ofand ~~our~~principal ~~internal~~business ~~control over financial reporting as~~ of ~~December~~ ~~31, 2017 using~~ the organization ~~criteria established~~ in ~~Internal Control—Integrated~~which ~~Framework~~such ~~issued~~occupation byand ~~the~~employment ~~Committee~~were ofcarried ~~Sponsoring Organizations of the Treadway Commission (COSO)~~out.

AHo ~~material~~Kang-Wing ~~weakness~~– ~~is a deficiency~~Chairman, orChief ~~combination~~Executive ~~of deficiencies~~Officer, ~~in internal control over financial reporting, such that there is a~~ ~~reasonable~~President ~~possibility~~and that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of December 31, 2017, we determined that there were control deficiencies that constituted material weaknesses, as described below:Director

We do not have an audit committee or a financial expert on our board of directors – While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over our financial statements. Currently, the board of directors acts in the capacity of the audit committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

We did not implement appropriate information technology controls – As of December 31, 2017, we retain copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of our data or off-site storage of the data in the event of theft, misplacement or loss due to unmitigated factors.

Since 1993 Ho Kang Wing has served and the managing director of Guangdong Dongrong Metal Products Co., Ltd., Foshan, Guangdong, China based company specializing in the design and production of metal and wood products. Under his direction Guangdong Dongrong has achieved annual revenues in excess of USD$100,000,000. Mr. Ho has served on TransAKT’s board of directors since July 2013. Mr. Ho has committed to help TransAKT to develop and promote our product mix in China and other Asian countries. He is 56 years of age and resides in Kowloon City, Hong Kong.

~~Accordingly,~~Yam weChi-Wah ~~concluded~~–Chief ~~that~~Financial these control deficiencies resulted in a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis by our internal controls.Officer

19Mr. Yam holds a BA (Honors) of Business Finance from Napier University of Edinburgh, and brings more than 20 years of industry experience in the accounting field. Prior to joining TransAKT Mr. Yam Served as financial controller of Legend Hardware Ltd. from 2006 to 2015, a company specializing in the manufacture, processing, and distribution of office & home furnishings.

AsHe aJingtian ~~result~~– ofDirector the material weaknesses described above, management has concluded that we did not maintain effective internal control over financial reporting as of December 31, 2017 based on criteria established in Internal Control—Integrated Framework issued by COSO.

~~Centurion~~In ZD1993 ~~CPA Ltd~~Mr., anHe ~~independent~~Jingtian ~~registered~~founded ~~public~~Guangdong Dongrong Metal ~~accounting~~Products ~~firm~~Co., ~~was~~Ltd. ~~not~~He ~~required~~has toserved ~~and~~as ~~has~~general ~~not~~manager ~~issued~~of aGuangdong ~~report~~Dongrong ~~concerning the~~since ~~effectiveness~~its ofinception. ~~our~~He ~~internal~~is ~~control~~64 ~~over~~years ~~financial~~of ~~reporting~~age asand ofresides ~~December 31~~in Shunde City, ~~2017~~Guangdong, China.

~~Continuing~~22 ~~Remediation Efforts to Address Deficiencies in our Internal Control Over Financial Reporting~~

~~Once~~He weJiaxian ~~are~~– ~~engaged~~Director in a business of merit and have sufficient personnel available, then our board of directors, in particular and in connection with the aforementioned deficiencies, will establish the following remediation measures:

1.	Our board of directors will nominate an audit committee and audit committee financial expert.
2.	We will implement formal procedures to ensure that appropriate backup of off-site storage of our data is implemented.

Mr. He Jiaxian obtained a Bachelors of Arts degree in International Economics and Trade from South China University of Technology in 2010, and a Master of Science in Management from Loughborough University (UK) in 2012. In 2013 he joined Guangdong Dongrong Metal Products Co., Ltd. as a project manager. He is also the founder and director of Guangdong Chuansuo Agricultural Science and Technology Co. Ltd. Mr. He is 32 years of age and resides in Shunde City, Guangdong, China.

~~Changes~~Tam inYuk-Ching ~~Internal~~– ~~Control~~Director

~~During~~Since 2004 Ms. Tam Yuk Ching has served as the ~~fiscal~~managing director ~~year~~of ~~ended~~Legend ~~December~~Hardware 31Ltd., ~~2017~~a ~~there~~Hong ~~were~~Kong nobased manufacturer of furniture ~~changes~~hardware which employs over 2,500 workers at its 100,000 square meters factory in ~~our~~Foshan, ~~internal~~China. ~~control~~Ms. ~~over~~Tam ~~financial~~brings ~~reporting~~more ~~(as~~than ~~defined~~20 years of experience in ~~Rule~~corporate ~~13a-15(e)~~finance and ~~Rule~~will ~~15d-15(e)~~assist ~~under~~ the ~~Exchange~~Company ~~Act)~~in ~~that~~all ~~materially~~financing ~~affected,~~and capital raising oractivities ~~are~~in ~~reasonably~~the ~~likely~~future. toShe ~~materially~~is ~~affect,~~52 ~~our~~years ~~internal~~of ~~control~~age ~~over financial~~and ~~reporting~~resides in Hong Kong.

~~Item~~Employment ~~9B.~~Agreements ~~Other Information~~

~~None~~We have no formal employment agreements with any of our employees, directors or officers.

20Family Relationships

~~PART~~Our ~~III~~Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, He Jingtian, are brothers. Our Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, Ms Tam Yuk-Ching are married. Our Director, He Jiaxian is the son of Mr. He Jingtian. There are no other family relationships amongst our directors or officers.

~~Item~~Involvement ~~10.~~in ~~Directors,~~Certain ~~Executive~~Legal ~~Officers~~Proceedings ~~and Corporate Governance~~

~~The~~To ~~following table sets forth~~ the ~~directors,~~best ~~executive officers,~~of ~~promoters and control persons, their ages, and all offices and positions held within~~ our ~~company as of December 31~~knowledge, ~~2017.~~none ~~Directors are elected for a period~~ of ~~one~~our ~~year~~directors ~~and thereafter serve until their successor is duly~~or ~~elected~~executive byofficers ~~the~~has, ~~stockholders~~during ~~and qualified. Officers and other employees serve at~~ the ~~will~~past often ~~the~~years: ~~board of directors.~~

Name	Age	Position	Date First Elected or Appointed
Ho Kang-Wing	55	Chairman, Chief Executive Officer, President and Director	March 12, 2015
Yam Chi-Wah	55	Chief Financial Officer	March 12, 2015
He Jiaxian	31	Director	March 12, 2015
He Jingtian	63	Director	March 12, 2015
Tam Yuk-Ching	51	Director	March 12, 2015

1.	been convicted in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offences);

2.	had any bankruptcy petition filed by or against the business or property of the person, or of any partnership, corporation or business association of which he was a general partner or executive officer, either at the time of the bankruptcy filing or within two years prior to that time;

3.	been subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and loan, or insurance activities, or to be associated with persons engaged in any such activity;

4.	been found by a court of competent jurisdiction in a civil action or by the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

~~Business~~23 ~~Experience~~

The following is a brief account of the education and business experience during at least the past five years of each director, executive officer and key employee of our company, indicating the person’s principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.

5.	been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

6.	been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member

HoCompliance ~~Kang-Wing~~with –Section ~~Chairman,~~16(a) ~~Chief~~of ~~Executive~~the ~~Officer, President~~Securities ~~and~~Exchange ~~Director~~Act of 1934

~~Since~~Section ~~1993~~16(a) Hoof ~~Kang~~the ~~Wing~~Securities ~~has~~Exchange ~~served~~Act ~~and~~of ~~the~~1934 ~~managing~~requires our ~~director~~executive ~~of Guangdong~~officers ~~Dongrong~~and ~~Metal~~directors ~~Products~~and ~~Co.,~~persons ~~Ltd.,~~who ~~Foshan,~~own ~~Guangdong,~~more ~~China~~than ~~based company~~10% ~~specializing~~of inour common ~~the~~stock ~~design~~to ~~and~~file ~~production~~with ofthe ~~metal~~Securities and ~~wood~~Exchange ~~products.~~Commission initial ~~Under~~statements ~~his~~of ~~direction~~beneficial ~~Guangdong~~ownership, ~~Dongrong~~reports ~~has~~of ~~achieved~~changes ~~annual revenues~~ in ~~excess~~ownership ofand annual ~~USD$100,000,000.~~reports ~~Mr.~~concerning Hotheir ~~has~~ownership ~~served~~of onour ~~TransAKT’s~~common ~~board~~stock ofand ~~directors~~other ~~since July~~equity ~~2013.~~securities, ~~Mr.~~on HoForms ~~has~~3, ~~committed~~4 toand ~~help~~5 ~~TransAKT~~respectively. toExecutive ~~develop~~officers, directors and greater ~~promote~~than ~~our~~10% ~~product mix~~shareholders inare ~~China~~required ~~and~~by ~~other~~the ~~Asian~~SEC ~~countries.~~regulations Heto isfurnish 55us with ~~years~~copies of ~~age~~all ~~and~~Section ~~resides~~16(a) ~~in Kowloon~~reports ~~City,~~that ~~Hong~~they ~~Kong~~file.

~~Yam~~Based ~~Chi-Wah~~solely ~~–Chief~~on ~~Financial~~our ~~Officer~~review of the copies of such forms received by us, or written representations from certain reporting persons, we believe that during fiscal year ended December 31, 2018, all filing requirements applicable to our officers, directors and greater than 10% percent beneficial owners were complied with.

~~Mr.~~Code ~~Yam holds a BA (Honors)~~ of ~~Business~~Ethics Finance from Napier University of Edinburgh, and brings more than 20 years of industry experience in the accounting field. Prior to joining TransAKT Mr. Yam Served as financial controller of Legend Hardware Ltd. from 2006 to 2015, a company specializing in the manufacture, processing, and distribution of office & home furnishings.

HeWe ~~Jingtian~~have –adopted ~~Director~~a code of ethics as part of a broader “code of conduct”, which addresses ethical issues as well as broader corporate governance issues. Our code of conduct has been approved by our board of directors and is applicable to all our directors, officers, employees and consultants, including but not limited to our principle executive officer, our principal financial officer and principal accounting officer, and any persons performing similar functions. No amendments have been made or waivers granted in respect of any provision of our code of ethics during the most recently completed fiscal year.

In ~~1993 Mr. He Jingtian founded Guangdong Dongrong Metal Products Co.~~addition, ~~Ltd.~~we Hepractice ~~has~~corporate ~~served~~governance asin ~~general manager of Guangdong Dongrong since~~accordance ~~its~~with ~~inception.~~rules ~~He is 63 years of age~~ and ~~resides~~regulations in ~~Shunde City, Guangdong, China~~Canada.

21Corporate governance relates to the activities of our directors who are elected by and accountable to the shareholders and takes into account the role of management who are appointed by the board and who are charged with our ongoing management. Our board of directors encourages sound corporate governance practices designed to promote our well-being and on-going development, having always as its ultimate objective the best long-term interests of us and the enhancement of value for all shareholders. The board also believes that sound corporate governance benefits our employees and the communities in which we operate. The board is of the view that our corporate governance policies and practices, outlined in our code of ethics, are appropriate and substantially consistent with the guidelines for improved corporate governance in Canada as adopted by the Toronto Stock Exchange.

He24 ~~Jiaxian – Director~~

~~Mr.~~Board ~~He Jiaxian obtained a Bachelors of Arts degree in International Economics~~ and ~~Trade~~Committee ~~from~~Meetings South China University of Technology in 2010, and a Master of Science in Management from Loughborough University (UK) in 2012. In 2013 he joined Guangdong Dongrong Metal Products Co., Ltd. as a project manager. He is also the founder and director of Guangdong Chuansuo Agricultural Science and Technology Co. Ltd. Mr. He is 31 years of age and resides in Shunde City, Guangdong, China.

~~Tam~~Our ~~Yuk-Ching~~board –of ~~Director~~directors held no formal meetings during the year ended December 31, 2018. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Alberta Corporations Act and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

~~Since~~Nomination ~~2004~~Process Ms. Tam Yuk Ching has served as the managing director of Legend Hardware Ltd., a Hong Kong based manufacturer of furniture hardware which employs over 2,500 workers at its 100,000 square meters factory in Foshan, China. Ms. Tam brings more than 20 years of experience in corporate finance and will assist the Company in all financing and capital raising activities in the future. She is 51 years of age and resides in Hong Kong.

~~Employment~~As ~~Agreements~~of December 31, 2018, we did not affect any material changes to the procedures by which our shareholders may recommend nominees to our board of directors. Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company’s requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors. If shareholders wish to recommend candidates directly to our board, they may do so by sending communications to the president of our company at the address on the cover of this annual report.

WeAudit ~~have~~Committee ~~no formal employment agreements with any of our employees, directors or officers.~~

~~Family~~We ~~Relationships~~have no formal audit committee, and thus, we have no audit committee financial expert. Our board is responsible for reviewing our financial reporting procedures, internal controls, and the performance of our auditors. Our board is also responsible for reviewing all disclosure with respect to financial matters prior to filing or release. Mr. Yam Chi-wah is our chief financial officer. Mr. Yam reports to our board in his capacity as chief financial officer.

~~Our~~Audit ~~Chairman,~~Committee ~~Chief~~Financial ~~Executive~~Expert Officer, President and Director, Mr. Ho Kang-Wing and our Director, He Jingtian, are brothers. Our Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, Ms Tam Yuk-Ching are married. Our Director, He Jiaxian is the son of Mr. He Jingtian. There are no other family relationships amongst our directors or officers.

~~Involvement~~Our board of directors has determined that it does not have an audit committee and so have no audit committee member that qualifies as an “audit committee financial expert” as defined in ~~Certain~~Item ~~Legal~~407(d)(5)(ii) ~~Proceedings~~of Regulation S-K.

ToCompensation ~~the~~Committee ~~best of our knowledge, none of our directors or executive officers has, during the past ten years:~~

1.We ~~been~~have ~~convicted~~no informal acompensation ~~criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offences); 2~~committee. ~~had~~Our ~~any~~board ~~bankruptcy petition filed by or against~~ determines the ~~business~~terms ~~or property~~ of the ~~person,~~compensation orpackages ofprovided ~~any~~to ~~partnership,~~our ~~corporation~~senior ~~or business association of which he was a general partner or~~ executive ~~officer~~ officers, ~~either~~including ~~at the time of the bankruptcy filing or within two years prior to that time; 3. been subject to any order~~salary, ~~judgment,~~bonus orand ~~decree,~~awards ~~not~~under ~~subsequently~~our ~~reversed,~~stock ~~suspended~~option orplan vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and ~~loan, or insurance activities, or to be associated with persons engaged in~~ any other ~~such~~compensation ~~activity;~~plans 4.that ~~been~~we ~~found~~may byadopt ~~a court of competent jurisdiction~~ in ~~a civil action or by~~ the ~~SEC~~future. ~~or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;~~

22Corporate Governance Committee

been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member

We have no formal corporate governance committee. Our board meets with and discusses current disclosure issuances with our management personnel and with our legal counsel, in order to not only report any matters which should be the subject of either public disclosure or remedial action, but also to assist in establishing reporting and disclosure procedures to ensure that we are in compliance with our disclosure and compliance obligations under applicable laws, rules and obligations.

~~Compliance~~25 ~~with Section 16(a) of the Securities Exchange Act of 1934~~

~~Section~~Item 16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors and persons who own more than 10% of our common stock to file with the Securities and Exchange Commission initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership of our common stock and other equity securities, on Forms 3, 4 and 5 respectively11. Executive ~~officers, directors and greater than 10% shareholders are required by the SEC regulations to furnish us with copies of all Section 16(a) reports that they file.~~Compensation

~~Based~~The ~~solely~~particulars ~~on our review~~ of the ~~copies~~compensation ofpaid ~~such~~to ~~forms~~the ~~received~~following ~~by us, or written representations from certain reporting~~ persons,: ~~we believe that during fiscal year ended December 31, 2017, all filing requirements applicable to our officers, directors and greater than 10% percent beneficial owners were complied with.~~

Code of Ethics

	(a)	our principal executive officer;

	(b)	each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended December 31, 2018 and 2017; and

WeI ~~have~~up ~~adopted~~to atwo ~~code~~additional ofindividuals ~~ethics~~for aswhom ~~part~~disclosure ofwould ahave ~~broader “code of conduct”, which addresses ethical issues as well as broader corporate governance issues. Our code of conduct has~~ been ~~approved~~provided byunder ~~our~~(b) ~~board~~but offor ~~directors~~the ~~and~~fact ~~is applicable~~that tothe ~~all~~individual ~~our~~was ~~directors, officers, employees and consultants, including but~~ not ~~limited~~serving toas our ~~principle~~ executive officer, ~~our~~at ~~principal~~the ~~financial officer~~end ~~and principal accounting officer, and any persons performing similar functions. No amendments have been made or waivers granted in respect~~ of ~~any provision~~the ofyears ~~our~~ended ~~code~~December of31, ~~ethics~~2018 ~~during~~and ~~the most recently completed fiscal year.~~ 2017,

Inwho ~~addition,~~ we ~~practice~~will ~~corporate~~collectively ~~governance~~refer into ~~accordance~~as the named executive ~~with~~officers ~~rules~~of ~~and~~our ~~regulations~~company, are set out in ~~Canada.~~the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

Corporate governance relates to the activities of our directors who are elected by and accountable to the shareholders and takes into account the role of management who are appointed by the board and who are charged with our ongoing management. Our board of directors encourages sound corporate governance practices designed to promote our well-being and on-going development, having always as its ultimate objective the best long-term interests of us and the enhancement of value for all shareholders. The board also believes that sound corporate governance benefits our employees and the communities in which we operate. The board is of the view that our corporate governance policies and practices, outlined in our code of ethics, are appropriate and substantially consistent with the guidelines for improved corporate governance in Canada as adopted by the Toronto Stock Exchange.

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensa- tion ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensa- tion ($)	Total ($)
Ho KangWing⁽¹⁾ Chairman, Chief Executive Officer, President and Director	2018 2017	89,088 89,088	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	89,088 89,088
Yam Chi- Wah⁽²⁾ Chief Financial Officer	2018 2017	23,040 23,040	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	23,040 23,040

	(1)	Mr. Ho Kang-Wing was appointed as chairman, chief executive officer, president and a director of our company on March 12, 2015.
	(2)	Mr. Yam Chi-Wah was appointed as chief financial officer of our company on March 12, 2015.

~~Board~~There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and ~~Committee~~executive ~~Meetings~~officers may receive share options at the discretion of our board of directors in the future. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that share options may be granted at the discretion of our board of directors.

~~Our~~26 board of directors held no formal meetings during the year ended December 31, 2017. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Alberta Corporations Act and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

~~Nomination~~Outstanding ~~Process~~Equity Awards at Fiscal Year End

AsThere ofwere ~~December~~no ~~31,~~outstanding ~~2017,~~equity weawards ~~did~~at ~~not affect any material changes to~~ the ~~procedures~~year ~~by which our shareholders may recommend nominees to our board~~ended ofDecember directors. Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company’s requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors. If shareholders wish to recommend candidates directly to our board31, ~~they may do so by sending communications to the president of our company at the address on the cover of this annual report~~2018.

~~Audit~~Option ~~Committee~~Exercises and Stock Vested

WeDuring ~~have~~our nofiscal ~~formal~~year ~~audit~~ended ~~committee,~~December ~~and thus~~31, we2018 ~~have~~there nowere ~~audit~~no ~~committee~~options ~~financial~~exercised ~~expert.~~by ~~Our board is responsible for reviewing~~ our ~~financial reporting~~named ~~procedures, internal controls, and the performance of our auditors~~officers. ~~Our~~ board is also responsible for reviewing all disclosure with respect to financial matters prior to filing or release. Mr. Yam Chi-wah is our chief financial officer. Mr. Yam reports to our board in his capacity as chief financial officer.

~~Audit~~Compensation ~~Committee~~of ~~Financial~~Directors ~~Expert~~

~~Our~~We ~~board~~do ofnot have any agreements for compensating our directors for ~~has~~their ~~determined~~services ~~that~~in ittheir ~~does~~capacity ~~not~~as ~~have~~directors, ~~an audit~~although ~~committee~~such ~~and~~directors soare expected ~~have~~in nothe ~~audit~~future ~~committee~~to ~~member~~receive ~~that~~stock ~~qualifies~~options asto ~~an “audit~~purchase ~~committee~~shares ~~financial~~of ~~expert”~~our common stock as ~~defined~~awarded inby ~~Item~~our ~~407(d)(5)(ii)~~board of ~~Regulation~~ ~~S-K~~directors.

~~Compensation~~Pension, ~~Committee~~Retirement or Similar Benefit Plans

WeThere ~~have~~are no ~~formal~~arrangements ~~compensation~~or ~~committee~~plans in which we provide pension, retirement or similar benefits for directors or executive officers. ~~Our~~We ~~board~~have ~~determines~~no ~~the~~material ~~terms~~bonus ofor ~~the~~profit ~~compensation~~sharing ~~packages~~plans ~~provided~~pursuant to ~~our~~which ~~senior~~cash ~~executive~~or non-cash ~~officers,~~compensation ~~including~~is ~~salary,~~or ~~bonus~~may ~~and~~be ~~awards~~paid ~~under~~to our ~~stock~~directors ~~option~~or ~~plan~~executive ~~and~~officers, ~~any~~except ~~other~~that ~~compensation~~stock ~~plans~~options ~~that~~may webe ~~may~~granted ~~adopt~~at inthe discretion of the ~~future~~board of directors or a committee thereof.

~~Corporate~~Indebtedness ~~Governance~~of ~~Committee~~Directors, Senior Officers, Executive Officers and Other Management

WeNone ~~have~~of noour ~~formal~~directors ~~corporate~~or ~~governance~~executive ~~committee.~~officers ~~Our~~or ~~board meets~~any ~~with~~associate ~~and discusses current disclosure issuances with our management~~or ~~personnel~~affiliate ~~and~~of ~~with~~ our ~~legal~~company ~~counsel,~~during ~~in order to not only report any matters which should be~~ the ~~subject~~last oftwo ~~either~~fiscal ~~public~~years, ~~disclosure~~is or ~~remedial~~has ~~action, but~~been ~~also~~indebted to ~~assist~~our incompany ~~establishing~~by ~~reporting~~way ~~and~~of ~~disclosure~~guarantee, ~~procedures~~support toagreement, ~~ensure that~~letter weof ~~are~~credit or inother ~~compliance~~similar ~~with~~agreement ~~our~~or ~~disclosure~~understanding ~~and~~currently ~~compliance obligations under applicable laws, rules and obligations~~outstanding.

24Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

~~Item~~The 11following table sets forth, as of April 1 , 2019, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. ~~Executive~~Each ~~Compensation~~person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

The particulars of the compensation paid to the following persons:

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class⁽¹⁾
Ho Kang-Wing President, Chief Executive Officer, and Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	71,250,000	53.37%
Tam Yuk-Ching Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	1,400,000	1.05%

~~(a)~~27 our principal executive officer; (b) each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended December 31, 2017 and 2016; and I up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended December 31, 2017 and 2016,

who we will collectively refer to as the named executive officers of our company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class⁽¹⁾
He Jingtian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	1,400,000	1.05%
He Jiaxian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	750,000	(2)
Yam Chi-Wah Chief Financial Officer Flat E 7/F Block 21 Laguna City Kwun Tong Kowloon, Hong Kong	125,000	(2)
*Directors and Executive Officers as a* *Group⁽¹⁾***	74,925,000 *Common Shares*	56.12%
Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class⁽¹⁾
Au Yeung Kam-Hung Room 1306 Lai Ming House, Wah Ming Estate, Fanling, Hong Kong	36,401,666	27.26%
*Other holders of 5% or more*	*36,401,666 Common Shares*	27.26%

SUMMARY COMPENSATION TABLE
	(1)	Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on April 1, 2019. As of April 1, 2019 there were 133,506,570 shares of our company’s common stock issued and outstanding.
Nameand PrincipalPosition	Year	Salary($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensa- tion ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensa- tion ($)	Total ($)
		Less than
HoKangWing(1) Chairman, Chief Executive Officer, President and Director	2017 2016	89,088 89,230	Nil Nil	Nil Nil	Nil Nil	NilNil	Nil Nil	NilNil	89,088 89,230
	(2)	1%
Yam Chi- Wah(2) Chief Financial Officer	2017 2016	23,040 23,076	Nil Nil	NilNil	Nil Nil	Nil Nil	NilNil	Nil Nil	23,040 23,076

	(1)	Mr. Ho Kang-Wing was appointed as chairman, chief executive officer, president and a director of our company on March 12, 2015.
	(2)	Mr. Yam Chi-Wah was appointed as chief financial officer of our company on March 12, 2015.

~~There~~Changes ~~are no arrangements or plans~~ in ~~which~~Control we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive share options at the discretion of our board of directors in the future. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that share options may be granted at the discretion of our board of directors.

25We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control of our company.

~~There~~The ~~were~~Company’s noofficers ~~outstanding~~and ~~equity~~shareholders ~~awards~~have atadvanced funds to the ~~year~~Company ~~ended~~for working capital purposes. The Company has not entered into any ~~December~~agreement ~~31,~~on ~~2017~~the repayment terms for these advances. The advance had been paid off during the year.

~~Option~~Except ~~Exercises~~as ~~and~~disclosed ~~Stock~~herein, ~~Vested~~no director, executive officer, shareholder holding at least 5% of shares of our common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the year ended December 31, 2018, in which the amount involved in the transaction exceeded or one percent of the average of our total assets at the year-end for the last three completed fiscal years.

~~During~~Director ~~our~~Independence ~~fiscal year ended December 31, 2017 there were no options exercised by our named officers.~~

~~Compensation~~We currently act with four directors, consisting of ~~Directors~~Ho Kang-Wing, He Jingtian, He Jiaxian, and Tam Yuk-Ching. We have not made any determination as to whether any of our directors are independent directors, as that term is used in Rule 4200(a)(15) of the Rules of National Association of Securities Dealers.

WeItem do14. ~~not~~Principal ~~have~~Accounting ~~any~~Fees ~~agreements~~and for compensating our directors for their services in their capacity as directors, although such directors are expected in the future to receive stock options to purchase shares of our common stock as awarded by our board of directors. Services

~~Pension~~The aggregate fees billed for the most recently completed fiscal year ended December 31, ~~Retirement~~2018 and for fiscal year ended December 31, 2017 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements ~~Similar~~for ~~Benefit~~these ~~Plans~~fiscal periods were as follows:

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.

	Year Ended
	December 31, 2018	December 31, 2017
Audit Fees	$21,000	$21,000
Quarter Review Fees	$18,000	$15,000
Audit Related Fees	$Nil	$Nil
Tax Fees	$Nil	$Nil
All Other Fees	$Nil	$Nil
Total	$39,000	$36,000

~~Indebtedness~~Our board of ~~Directors,~~directors ~~Senior~~pre-approves ~~Officers,~~all ~~Executive~~services provided by ~~Officers~~our independent auditors. All of the above services and ~~Other~~fees ~~Management~~were reviewed and approved by the board of directors either before or after the respective services were rendered.

~~None~~Our board of ~~our~~ directors orhas ~~executive~~considered ~~officers~~the ornature ~~any~~and ~~associate~~amount orof ~~affiliate~~fees ofbilled by our ~~company~~independent ~~during~~auditors ~~the~~and ~~last~~believes ~~two~~that ~~fiscal~~the ~~years,~~provision isof services orfor ~~has~~activities ~~been indebted~~unrelated to ~~our~~the ~~company~~audit byis ~~way~~compatible ofwith ~~guarantee, support agreement, letter of credit~~maintaining orour ~~other~~independent ~~similar~~auditors’ ~~agreement or understanding currently outstanding~~independence.

~~Item~~29 ~~12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters~~

~~The~~PART ~~following~~IV table sets forth, as of April 9 , 2018, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

26Item 15. Exhibits, Financial Statement Schedules

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership(Common Shares)	Percentage of Class(1)
(a)	Financial Statements
Ho Kang-Wing President, Chief Executive Officer, and Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	71,250,000	53.37%
	(1)	Financial statements for our company are listed in the index under Item 8 of this document
Tam Yuk-Ching Director 23 Sam Mun Tsai Road, The Beverly HillsBoulevard Du Lac, House 212, Tai Po, NT Hong Kong	1,400,000	1.05%
	(2)	All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.
He Jingtian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	1,400,000	1.05%
He Jiaxian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	750,000	(2)
Yam Chi-Wah Chief Financial OfficerFlat E 7/F Block 21 Laguna CityKwun Tong Kowloon, Hong Kong	125,000	(2)
Directors and Executive Officers as a Group(1)	74,925,000 Common Shares	56.12%
Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class(1)
Au Yeung Kam-Hung Room 1306 Lai Ming House, Wah Ming Estate, Fanling, Hong Kong	36,401,666	27.26%
Other holders of 5% or more	36,401,666 Common Shares	27.26%

27(b) Exhibits

	(1)	Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on April 9, 2018. As of April 9, 2018 there were 133,506,570 shares of our company’s common stock issued and outstanding.
Exhibit	Description
	(2)	Less than 1%
Number
(3)	(i) Articles of Incorporation; and (ii) Bylaws
3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.3	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)
3.4	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)
(10)	Material Contracts
10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)
10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)
10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)
10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)

Changes in Control

Exhibit	Description
Number

10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)

10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)

10.12	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016)

(14)	Code of Ethics

14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

(21)	Subsidiaries of the Registrant

21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company

21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company

(31)	Rule 13a-14(a)/15d-14(a) Certifications

31.1*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer

31.2*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer

(32)	Section 1350 Certifications

32.1*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer

32.2*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer

101**	Interactive Data File

101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control of our company.

*	Filed herewith.

**	Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

~~Item~~31 ~~13. Certain Relationships and Related Transactions, and Director Independence~~

~~The~~SIGNATURES Company’s officers and shareholders have advanced funds to the Company for working capital purposes. The Company has not entered into any agreement on the repayment terms for these advances. The advance had been paid off during the year.

~~Except~~Pursuant asto ~~disclosed~~the ~~herein,~~requirements ~~no director, executive officer, shareholder holding at least 5%~~ of ~~shares~~Section of13 ~~our common stock,~~ or ~~any~~15(d) ~~family member~~of ~~thereof, had any material interest, direct or indirect, in any~~the ~~transaction,~~Securities orExchange ~~proposed~~Act ~~transaction~~of ~~since the year ended December 31~~1934, ~~2017, in which~~ the ~~amount~~registrant ~~involved~~has induly ~~the~~caused ~~transaction~~this ~~exceeded~~report ~~or one percent of the~~to ~~average~~be ofsigned ~~our~~on ~~total~~its ~~assets~~behalf atby the ~~year-end~~undersigned, ~~for~~thereto ~~the~~duly ~~last three completed fiscal years~~authorized.

Director Independence

	TransAKT Ltd.
	(Registrant)


Dated: April 1, 2019	/s/ Ho Kang-Wing

	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)


Dated: April 1, 2019	/s/ Yam Chi-Wah

	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal
	Accounting Officer)

WePursuant ~~currently~~to ~~act~~the ~~with~~requirements ~~four directors, consisting~~ of ~~Ho Kang-Wing,~~the HeSecurities ~~Jingtian,~~Exchange HeAct ~~Jiaxian~~of 1934, ~~and~~this ~~Tam~~report ~~Yuk-Ching.~~has Webeen ~~have~~signed ~~not~~below ~~made~~by ~~any determination~~the asfollowing topersons ~~whether~~on ~~any~~behalf of ~~our directors are independent directors, as~~ ~~that~~the ~~term~~registrant isand ~~used~~ in ~~Rule 4200(a)(15) of~~ the ~~Rules~~capacities ofand ~~National~~on ~~Association~~the ~~of Securities~~dates ~~Dealers~~indicated.

Item 14. Principal Accounting Fees and Services

Dated: April 1, 2019	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)

Dated: April 1, 2019	/s/ He Jingtian

	He Jingtian
	Director

Dated: April 1, 2019	/s/ He Jiaxian

	He Jiaxian
	Director

Dated: April 1 ,2019	/s/ Tam Yuk-Ching

	Tam Yuk-Ching
	Director

~~The~~32 aggregate fees billed for the most recently completed fiscal year ended December 31, 2017 and for fiscal year ended December 31, 2016 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

	Year Ended
	December 31, 2017	December 31, 2016
Audit Fees	$21,000	$21,000
Quarter Review Fees	$15,000	$15,000
Audit Related Fees	$Nil	$Nil
Tax Fees	$Nil	$Nil
All Other Fees	$Nil	$Nil
Total	$36,000	$36,000

Our board of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.

Our board of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a) Financial Statements

	(1)	Financial statements for our company are listed in the index under Item 8 of this document
	(2)	All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.

(b) Exhibits

Exhibit Number	Description
(3)	(i) Articles of Incorporation; and (ii) Bylaws
3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.3	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)
3.4	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)
(10)	Material Contracts
10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)
10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)
10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)
10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)

Exhibit Number	Description
10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)
10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)
10.12	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016)
(14)	Code of Ethics
14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
(21)	Subsidiaries of the Registrant
21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company
21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
31.2*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
(32)	Section 1350 Certifications
32.1*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32.2*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
101**	Interactive Data File
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

Filed herewith.

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	TransAKT Ltd.
	(Registrant)
Dated: April 9, 2018	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: April 9, 2018	/s/ Yam Chi-Wah
	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: April 9, 2018	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: April 9, 2018	/s/ He Jingtian
	He Jingtian
	Director
Dated: April 9, 2018	/s/ He Jiaxian
	He Jiaxian
	Director
Dated: April 9, 2018	/s/ Tam Yuk-Ching
	Tam Yuk-Ching
	Director

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