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

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~March~~ September 3130, 2021 or

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

For the transition period from __________ to __________

Commission File Number: 000-52276

W&E Source Corp.
(Exact name of registrant as specified in its charter)

Delaware	98-0471083
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

113 Barksdale Professional Center, Newark, DE 19711
(Address of principal executive offices) (Zip Code)

(302) 722-6266
(Registrant's telephone number, including area code)

Securities registered under Section 12(b) of the Exchange Act: None.

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 past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ]

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

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Emerging growth company [ ]

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]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 130,085,501 shares of common stock issued and outstanding as of ~~June~~January 818, ~~2021~~2022.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS	1
Condensed Consolidated Balance Sheets	2
Condensed Consolidated Statements of Income and Comprehensive Income	3
Condensed Consolidated Statements of Loss and Comprehensive Loss	3
Condensed Consolidated Statements of Cash Flows	4
Condensed Consolidated Statements of Changes in Shareholder's Deficit	5
Notes to Interim Consolidated Financial Statements	6
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	11
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	1514
ITEM 4. CONTROLS AND PROCEDURES	15
ITEM 4. CONTROLS AND PROCEDURES.	14
PART II - OTHER INFORMATION	16
ITEM 1. LEGAL PROCEEDINGS	16
ITEM 1. LEGAL PROCEEDINGS.	15
ITEM 1A. RISK FACTORS	1615
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	1615
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	1615
ITEM 4. MINE SAFETY DISCLOSURES	1615
ITEM 5. OTHER INFORMATION	1615
ITEM 6. EXHIBITS	1716
SIGNATURES	1817

PART I-FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

W&E Source Corp. and Subsidiaries

Condensed Consolidated Balance SheetsAs of ~~March~~September 3130, 2021 and June 30, ~~2020~~2021

		March 31, 2021			June 30, 2020
		September 30, 2021			June 30, 2021
Assets		(Unaudited)
Current Assets
Cash	$	2,~~268~~216		$	32,~~508~~248
Other receivables		41			3842
Total current assets		2,~~309~~257			32,~~546~~290
Non-Current Assets
Prepayments/Deposits		11,~~933~~762			1112,~~016~~030
Total non-current assets		11,~~933~~762			1112,~~016~~030
TOTAL ASSETS	$	14,~~242~~019		$	14,~~562~~320
Liabilities and Shareholders' Equity (Deficit)
Current liabilities
Accounts payable and accrued liabilities	$	932,~~904~~287		$	1524,~~351~~561
Advances for share issuance from related party		-			165,446
Advances from related parties and related party payables		13,698			12,020
Advances from related parties and related party payables		8,142			32,683
Total current liabilities		45,985			36,581
Total current liabilities		18,046			213,480
TOTAL LIABILITIES		45,985			36,581
TOTAL LIABILITIES		18,046			213,480
Shareholders' deficit
Common stock, $0.0001 par value, 500,000,000 shares authorized,130,085,501 and 82,489,391 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively		13,009			8,249
Common stock, $0.0001 par value, 500,000,000 shares authorized, 130,085,501 and 130,085,501 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively		13,009			13,009
Additional paid-in capital		1,217,~~045~~144			1,~~059~~217,~~931~~106
Accumulated deficit		(1,~~238~~267,~~796~~906	)		(1,~~283~~255,~~018~~841	)
Accumulated other comprehensive income		45,~~938~~787			153,~~920~~465
Total shareholders' deficit		(331,~~804~~966	)		(~~198~~22,~~918~~261	)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$	14,~~242~~019		$	14,~~562~~320

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

W&E Source Corp. and Subsidiaries

Condensed Consolidated Statements of ~~Income~~Loss and Comprehensive ~~IncomeFor~~LossFor the Three ~~and Nine~~ Months Ended ~~March~~September 3130, 2021 and 2020(Unaudited)

		Three Months2021			Three Months2020			Nine Months2021			Nine Months 2020
				September 30, 2021			September 30, 2020
Net revenues	$	-		$	332		$	-		$	825
Operating expenses
Gross profit		-			332			-			825
General and administrative expenses				(9,631)			(11,198)
Operating expenses
Total operating expenses				(9,631)			(11,198)
General and administrative expenses		(11,529	)		(11,370	)		(36,497	)		(33,718	)
Operating Loss				(9,631)			(11,198)
Total operating expenses		(11,529	)		(11,370	)		(36,497	)		(33,718	)
Other Income (expense)
Operating Loss		(11,529	)		(11,038	)		(36,497	)		(32,893	)
Interest expenses				(38)			(13,166)
Other Income (expense)
Foreign currency exchange (loss)				(2,396)			(2,104)
Interest expenses		-			-			(14,326	)		-
Total other income (expense)			$	(2,434	)	$	(15,270		)
Gain on debt settlement		-			-			90,433			-
Net loss				(12,065	)		(26,468		)
Foreign currency exchange gain (loss)		(644	)		(6,710	)		4,612			(12,839	)
Other comprehensive income
Total other income (expense)	$	(644	)		(6,710	)	$	80,719		$	(12,839	)
Cumulative foreign currency translation adjustment				2,322			(3,735		)
Net income (loss)		(12,173	)		(17,748	)		44,222			(45,732	)
Comprehensive loss			$	(9,743	)	$	(30,203		)
Other comprehensive income
Weighted average number of shares outstanding - basic and diluted				130,085,501			82,489,391
Cumulative foreign currency translation adjustment		805			8,300			(10,982	)		8,076
Loss per share - basic and diluted				($0.00	)		($0.00		)
Comprehensive loss	$	(11,368	)		(9,448	)	$	33,240		$	(37,656	)
Weighted average number of shares outstanding -basic and diluted		137,899,000			82,489,391			101,144,000			82,489,391
Loss per share - basic and diluted		($0.00	)		($0.00	)	$	0.00			($0.00	)

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

W&E Source Corp. and Subsidiaries

Condensed Consolidated Statements of Cash FlowsFor the ~~Nine~~Three Months ~~ended~~Ended ~~March~~September 3130, 2021 and 2020(Unaudited)

		March 31, 2021			March 31, 2020
		September 30, 2021			September 30, 2020
Cash Flow from Operating Activities
Net income (loss)	$	44,222		$	(45,732	)
Net loss	$	(12,065	)	$	(26,468	)
Adjustments to reconcile net loss to net cash used in operatingactivities:
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign currency exchange gain (loss)		9,146			(4,668	)
Foreign currency exchange loss		-			34
Gain on debt settlement		(90,433	)		-
Imputed interest		38			13,166
Imputed interest to related party		14,326			-
Change in operating assets and liabilities:
Decrease in prepaid expenses and deposits		-			(975	)
Increase (decrease) in accounts payable and accrued liabilities		7,725			(6,812	)
Decrease in accounts payable and accrued liabilities		(6,997	)		(8,164	)
Increase in due to related party		1,906			3,308
Decrease in due to related party		(3,824	)		3,848
Net cash used in operating activities		(2,396	)		(16,772	)
Increase in advance for share issuance from related party		26,998			-
Net cash provided by (used in) operating activities		(6,562	)		(55,691	)
Cash Flows from Financing Activities
Proceeds from related party		5,082			56,085
Advances for future share issuance from related party		-			16,682
Net cash provided by financing activities		~~5,082~~-			5616,~~085~~682
Cumulative translation adjustment		~~240~~2,364			~~610~~93
Net increase (decrease) in cash		(~~1,240~~32	)		~~1,004~~3
Cash, beginning of period		32,~~508~~248			23,508
Cash, end of period	$	2,~~268~~216		$	3,~~512~~511
Supplemental cash flows information
Interest paid	$	-		$	-
Income tax paid	$	-		$	-
Non cash investing and financing activities
Share issuance for debt settlement	$	~~237,981~~-		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

W&E Source Corp. and Subsidiaries

Condensed Consolidated Statements of Changes in Shareholders’ DeficitAs of ~~March~~September 3130, 2021 and Year Ended June 30, ~~2020~~2021(Unaudited)

							Accumulated	~~Accumulated~~					Total	~~Total~~
				Common		Additional		other						Shareholders'
					Additional		other						Shareholders'
				Stock		Paid-in		Comprehensive			Accumulated			Equity
			Common Stock		Paid-in		Comprehensive			Accumulated			Equity
	Shares	~~Shares~~	Amount	~~Amount~~	Capital	~~Capital~~	Income	~~Income~~		Deficit	~~Deficit~~		(Deficit)	~~(Deficit)~~
			$	$	$	$	$	$		$	$		$	$
Opening Balance at June 30, 2020		82,489,391		8,249		1,059,931		11,390			(1,227,859	)		(148,289	)
Balance at June 30, 2020	82,489,391		8,249		1,059,931		15,920			(1,283,018	)		(198,918	)
Foreign currency translation adjustment		-		-		-		2,841			-			2,841
Imputed Interest	-		-		13,091		-			-			13,091
Net Loss		-		-		-		-			(22,399	)		(22,399	)
Foreign currency translation adjustment	-		-		-		(3,735	)		-			(3,735	)
Balance at September 30, 2020		82,489,391		8,249		1,059,931		14,231			(1,250,258	)		(167,847	)
Net Loss	-		-		-		-			(26,468	)		(26,468	)
Foreign currency translation adjustment		-		-		-		(3,065	)		-			(3,065	)
Balance at September 30, 2020	82,489,391		8,249		1,073,022		12,185			(1,309,486	)		(216,030	)
Net Loss		-		-		-		-			(5,585	)		(5,585	)
(Unaudited)
Balance at December 31, 2020		82,489,391		8,249		1,059,931		11,166			(1,255,843	)		(176,497	)
Balance at June 30, 2021	130,085,501		13,009		1,217,106		3,465			(1,255,841	)		(22,261	)
Foreign currency translation adjustment		-		-		-		8,300			-			8,300
Imputed Interest	-		-		38		-			-			38
Net Loss		-		-		-		-			(17,748	)		(17,748	)
Foreign currency translation adjustment	-		-		-		2,322			-			2,322
Balance at March 31, 2020		82,489,391		8,249		1,059,931		19,466			(1,273,591	)		(185,945	)
Net Loss	-		-		-		-			(12,065	)		(12,065	)
(Unaudited)
Balance at September 30, 2021 (Unaudited)	130,085,501		13,009		1,217,144		5,787			(1,267,906	)		(31,966	)
Opening Balance at June 30, 2020		82,489,391		8,249		1,059,931		15,920			(1,283,018	)		(198,918	)
Imputed Interest		-		-		13,091		-			-			13,091
Foreign currency translation adjustment		-		-		-		(3,735	)		-			(3,735	)
Net Loss		-		-		-		-			(26,468	)		(26,468	)
Balance at September 30, 2020		82,489,391		8,249		1,073,022		12,185			(1,309,486	)		(216,030	)
Imputed Interest		-		-		1,235		-			-			1,235
Share issuance by debts settlement		47,596,110		4,760		142,788		-			-			147,548
Foreign currency translation adjustment		-		-		-		(8,052	)		-			(8,052	)
Net income		-		-		-		-			82,863			82,863
Balance at Dec 31, 2020		130,085,501		13,009		1,217,045		4,133			(1,226,623	)		7,564
Foreign currency translation adjustment								805						805
Net income											(12,173	)		(12,173	)
Balance at March 31, 2021		130,085,501		13,009		1,217,045		4,938			(1,238,796	)		(3,804	)
(Unaudited)

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

W&E Source Corp. ~~(Formerly News of China, Inc.) Notes to Interim Consolidated Financial Statements For the Periods Ended March 31, 2021 and June 30, 2020~~

~~Note~~(Formerly 1News -of ~~Organization~~China, ~~Nature of Operations and Basis of Presentation~~Inc.)

~~W&E~~Notes ~~Source~~to ~~Corp.~~Interim ~~("the~~Consolidated ~~Company")~~Financial was incorporated in the State of Delaware on October 11, 2005 and is based in Montréal, Québec, Canada. The Company is providing air ticket reservations, hotel reservations and other travel related services.Statements

OnFor ~~August 25, 2011,~~ the ~~Company~~Periods ~~incorporated~~Ended aSeptember ~~company called Airchn Travel Global~~30, ~~Inc.~~2021 ~~("ATGI")~~and inJune ~~the State of Washington~~30, ~~USA. ATGI is a wholly owned subsidiary of the Company. ATGI focuses on a business segment of travel businesses which includes air ticket reservations, hotel reservations and other travel services.~~2021

OnNote ~~October~~1 4,- ~~2011~~Organization, ~~the~~Nature ~~Company incorporated a company called Airchn Travel (Canada) Inc. ("ATCI") in the Province~~ of ~~British~~Operations ~~Columbia,~~and ~~Canada.~~Basis ~~ATCI is a wholly owned subsidiary~~ of ~~ATGI. ATCI has a similar business segment as ATGI.~~Presentation

InW&E ~~January~~Source ~~2012,~~Corp. ("the Company") ~~changed~~was ~~its~~incorporated ~~name~~in ~~from~~the ~~News~~State of ~~China,~~Delaware ~~Inc.~~on toOctober ~~W&E~~11, ~~Source~~2005 ~~Corp.~~ and ~~increased~~is ~~its~~based ~~authorized~~in ~~shares~~Montréal, ~~to 500~~Québec,~~000,000~~ ~~shares~~Canada. AsThe aCompany ~~result~~is ofproviding ~~the~~air ~~name~~ticket ~~change~~reservations, ~~the~~hotel ~~Company's~~reservations ~~listing~~and ~~symbol~~other ontravel ~~OTC~~related ~~Markets was also changed to WESC~~services.

~~During~~On ~~the~~August ~~quarter ended March 31~~25, ~~2012~~2011, the Company incorporated a company ~~named~~called Airchn Travel ~~(Beijing)~~Global, Inc. ("~~ATBI~~ATGI") in ~~Beijing~~the State of Washington, ~~China~~USA. ~~ATBI~~ATGI is ~~also~~ a wholly owned subsidiary of ~~ATGI~~the Company. ~~ATBI~~ATGI ~~has~~focuses on a ~~similar~~ business segment asof ~~ATGI~~travel businesses which includes air ticket reservations, hotel reservations and other travel services.

On ~~December~~October 154, ~~2012~~2011, ~~Airchn Travel (Beijing) Inc., a wholly owned subsidiary of W&E Source Corp. (~~the "Company~~"),~~ ~~entered~~incorporated ~~into~~a ~~the~~company ~~Share~~called ~~Purchase~~Airchn ~~Agreement~~Travel (~~the "Agreement"~~Canada) ~~with Mr~~Inc. ~~Wu Hao~~ (~~the~~ "~~Seller~~ATCI"), ain ~~majority~~the ~~shareholder~~Province of ~~Chengdu~~British ~~Baopiao Internet Co.~~Columbia, ~~Ltd~~Canada. ~~("Baopiao"),~~ATCI tois ~~acquire~~a ~~part~~wholly ofowned ~~his~~subsidiary ~~ownership in Baopiao which equals 51%~~ of ~~all~~ATGI. ~~issued~~ATCI ~~and~~has ~~outstanding~~a ~~stock~~similar ofbusiness ~~Baopiao~~segment ~~(the~~as ~~"Shares")~~ATGI.

~~The~~In ~~Company~~January ~~will pay for the aggregate purchase price of RMB 2~~2012,~~550,000~~ ~~for~~ the ~~Shares~~Company inchanged ~~cash~~its ~~and~~name byfrom ~~assuming~~News ~~the Seller's debt to Baopiao in the amount~~ of ~~RMB1~~China,~~800,000~~ ~~(approximately US $289,000) (the "Debt")~~Inc. ~~According~~ to ~~the~~W&E ~~terms~~Source ofCorp. ~~the Agreement, the Company will assume the Debt upon execution of the Agreement~~ and ~~pay~~increased ~~the~~its ~~Seller~~authorized ~~the~~shares ~~remaining~~to ~~RMB750~~500,000,000 ofshares. ~~the~~As ~~purchase~~a ~~price~~result ~~within 20 days from the execution~~ of the ~~Agreement.~~name ~~Also at execution~~change, the Company's ~~will~~listing ~~pay~~symbol ~~Baopiao~~on ~~RMB200,~~OTC ~~000~~Markets aswas ~~repayment~~also ofchanged ~~the~~to ~~Debt and satisfy the remaining Debt of RMB 1,600,000 within 20 days from the execution of the Agreement~~WESC.

~~Also~~During ~~pursuant to~~ the ~~Agreement,~~quarter ~~the~~ended ~~Seller~~March ~~will~~31, ~~provide~~2012, ~~guaranties that other than~~ the ~~information~~Company ~~including~~incorporated ~~financial~~a ~~statements~~company ~~provided~~named toAirchn ~~the~~Travel ~~Company,~~(Beijing) ~~Baopiao~~Inc. ~~does~~("ATBI") ~~not~~in ~~have any other debts~~Beijing, ~~and no third party has any rights or liens on the assets of Baopiao~~China. ~~The~~ATBI ~~Seller~~is ~~and Baopiao will~~ also ~~indemnify~~a ~~the~~wholly ~~Company~~owned ~~against~~subsidiary ~~any damages, liabilities, losses and expenses which the Company may sustain or suffer due to any breach~~ of ~~the~~ATGI. ~~guaranties~~ATBI ~~made~~has bya ~~the~~similar ~~Seller~~business orsegment ~~Baopiao~~as ATGI.

~~Baopiao~~On ~~has~~December ~~obtained~~15, ~~the~~2012, ~~necessary~~Airchn ~~shareholder~~Travel ~~approval~~(Beijing) ~~for~~Inc., ~~the~~a ~~transfer~~wholly owned subsidiary of ~~the~~W&E ~~Shares~~Source ~~and~~Corp. ~~will~~(the ~~register~~"Company"), entered into the ~~transfer~~Share ofPurchase Agreement (the ~~Shares~~"Agreement") with Mr. Wu Hao (the ~~applicable~~"Seller"), ~~State~~a ~~Administration~~majority ~~for~~shareholder ~~Industry~~of ~~and~~Chengdu ~~Commerce~~Baopiao ~~within~~Internet ~~three~~Co., ~~days~~Ltd. ~~from~~("Baopiao"), ~~the~~to ~~date~~acquire part of his ownership in Baopiao which equals 51% of all issued and outstanding stock of Baopiao (the ~~Agreement~~"Shares").

InThe ~~connection~~Company ~~with~~will pay for the ~~Agreement~~aggregate purchase price of RMB 2,550,000 for the ~~Company~~Shares ~~also~~in ~~entered~~cash ~~into~~and anby ~~agreement~~assuming ~~with~~ the Seller's ~~and~~debt to Baopiao ~~that~~in asthe anamount ~~incentive~~of ~~for~~RMB1,800,000 (approximately US $289,000) (the ~~management~~"Debt"). ~~team~~According to the terms of ~~Baopiao~~the Agreement, the Company will ~~reserve~~assume upthe toDebt 26upon ~~million~~execution ~~shares~~of the Agreement and pay the Seller the remaining RMB750,000 of ~~its~~the ~~common~~purchase ~~stock~~price ~~for~~within ~~issuance~~20 todays from the execution of the Agreement. Also at execution, the Company will pay Baopiao ~~employees~~RMB200,000 ~~upon~~as ~~achievement~~repayment of ~~certain~~the ~~milestones~~Debt ~~over~~and satisfy the ~~next~~remaining ~~three~~Debt ~~years~~of RMB 1,600,000 within 20 days from the execution of the Agreement.

~~The~~Also ~~Share~~pursuant ~~Purchase~~to the Agreement, ~~with~~the ~~Mr.~~Seller Wuwill ~~Hao~~provide ~~was~~guaranties that other than the information including financial statements provided to the Company, Baopiao does not ~~completed~~have inany ~~January~~other debts, ~~2013~~and no third party has any rights or liens on the assets of Baopiao. The Seller and ~~both~~Baopiao will also indemnify the Company against any damages, liabilities, losses and ~~Mr.~~expenses Wuwhich ~~Hao~~the ~~agreed~~Company may sustain or suffer due to ~~terminate~~any breach of the ~~agreement~~guaranties ~~entered~~made onby ~~December~~the ~~15,~~Seller ~~2012~~or Baopiao.

6Baopiao has obtained the necessary shareholder approval for the transfer of the Shares and will register the transfer of the Shares with the applicable State Administration for Industry and Commerce within three days from the date of the Agreement.

~~Note~~In 2connection -with ~~Summary~~the Agreement, the Company also entered into an agreement with the Seller and Baopiao that as an incentive for the management team of ~~Significant~~Baopiao, ~~Accounting~~the ~~Policies~~Company will reserve up to 26 million shares of its common stock for issuance to the Baopiao employees upon achievement of certain milestones over the next three years.

aThe Share Purchase Agreement with Mr. ~~Basis~~ ofWu ~~presentation~~Hao was not completed in January 2013 and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012.

The accompanying interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X as promulgated by the Securities and Exchange Commission (the "SEC"). In the opinion of management, the financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the results for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in conjunction with generally accepted accounting principles have been condensed or omitted as permitted by the rules and regulations of the United States Securities and Exchange Commission ("SEC"), although the Company believes that the disclosures contained in this report are adequate to make the information presented not misleading. The unaudited consolidated balance sheet information as of March 31, 2021 was derived from the consolidated audited financial statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2020. These unaudited consolidated financial statements should be read in conjunction with the annual consolidated audited financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2020, and other reports filed with the SEC. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the full year ended June 30, 2021.6

~~b. Foreign~~Note ~~currency~~2 ~~translation.~~- Summary of Significant Accounting Policies

~~ATCI's and ATBI's functional currency for operations is the Canadian dollar and Chinese yuan~~a. Basis However, the Company's reporting currency is the U.S. dollar. Therefore, the consolidated financial statements for all periods presented have been translated into the U.S. dollar using the current rate method. Under this method, the income statement and the cash flows for each period have been translated into U.S. dollars using the average rate of ~~the reporting period, and assets and liabilities have been translated using the exchange rate at the end of the period~~presentation. ~~All resulting exchange differences are reported in the cumulative translation adjustment account as a separate component of shareholders' equity.~~

cThe accompanying interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X as promulgated by the Securities and Exchange Commission (the "SEC"). ~~Principles~~ In the opinion of ~~consolidation~~management, the financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the results for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in conjunction with generally accepted accounting principles have been condensed or omitted as permitted by the rules and regulations of the United States Securities and Exchange Commission ("SEC"), although the Company believes that the disclosures contained in this report are adequate to make the information presented not misleading. The unaudited consolidated balance sheet information as of September 30, 2021 was derived from the consolidated audited financial statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2021. These unaudited consolidated financial statements should be read in conjunction with the annual consolidated audited financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2021, and other reports filed with the SEC. Operating results for the three months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the full year ended June 30, 2022.

~~The consolidated statements include the accounts of the Company and its wholly owned subsidiaries, ATGI, ATCI and ATBI~~b. Foreign ~~All~~currency ~~inter-company transactions and balances were eliminated~~translation.

dATCI's and ATBI's functional currency for operations is the Canadian dollar and Chinese yuan. ~~Use~~ However, the Company's reporting currency is the U.S. dollar. Therefore, the consolidated financial statements for all periods presented have been translated into the U.S. dollar using the current rate method. Under this method, the income statement and the cash flows for each period have been translated into U.S. dollars using the average rate of ~~Estimates~~the reporting period, and assets and liabilities have been translated using the exchange rate at the end of the period. All resulting exchange differences are reported in the cumulative translation adjustment account as a separate component of shareholders' equity. The foreign exchange rates were adopted as of September 30, 2021:

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.

	RMB to USD	CAD to USD

Spots rate:	0.1546	0.7841
Average rate:	0.1546	0.7942

ec. ~~Loss~~ Principles ~~per~~of ~~share~~consolidation.

~~Basic~~The ~~loss~~consolidated ~~per~~statements ~~share~~include ~~("EPS") is computed by dividing net loss available to common stockholders by~~ the ~~weighted~~accounts ~~average number~~ of ~~common shares outstanding during~~ the ~~period,~~Company ~~excluding~~and ~~the~~its ~~effects~~wholly ofowned ~~any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants~~subsidiaries, ~~using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants)~~ATGI, ATCI and ~~convertible debt or convertible preferred stock, using the if-converted method~~ATBI. ~~EPS~~All ~~excludes all potential dilutive shares of common stock if their effect is anti~~inter-~~dilutive.~~company ~~There~~transactions ~~were no dilutive securities at March 31, 2021~~ and ~~June~~balances ~~30,~~were ~~2020~~eliminated.

fd. Use ~~Revenue~~of ~~recognition~~Estimates.

The ~~Company~~preparation ~~recognizes~~of ~~revenue~~consolidated ~~when~~financial itstatements isin ~~realized~~conformity orwith ~~realizable~~accounting ~~and~~principles ~~earned.~~generally ~~The~~accepted ~~Company~~in ~~considers~~the ~~revenue~~United ~~realized~~States ~~or realizable and earned when it has persuasive evidence~~ of anAmerica ~~arrangement,~~requires ~~delivery~~management ~~has~~to ~~occurred,~~make ~~the~~estimates ~~sales price is fixed or determinable,~~ and ~~collectability~~assumptions isthat ~~reasonably~~affect ~~assured.~~the ~~Revenue,~~reported ~~which~~amounts ~~primarily consists~~ of ~~commission~~assets ~~fees from air ticketing~~ and ~~hotel~~liabilities ~~booking operations, is recognized as tickets~~ and ~~hotels~~disclosure ~~are~~of ~~booked~~contingent ~~and~~assets ~~non-cancellable,~~ and isliabilities ~~recorded on a net basis (that is, the amount billed to a customer less the amount paid to a supplier)~~ as ~~the~~of ~~Company acts as an agent in these transactions. Effective January 1, 2018,~~ the ~~Company~~date ~~adopted the guidance~~ of ~~Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on~~ the ~~Company's~~ consolidated financial statements. ~~ASC~~and ~~606 create a five-step model that requires entities to exercise judgement when considering~~ the ~~terms~~reported amounts of ~~contract,~~revenues which includes (1) identifying the contracts or agreement with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligation, and ~~(5)~~expense ~~recognizing~~during ~~revenue as each performance obligation is satisfied. The Company only applies~~ the ~~five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients~~period. ~~The~~Actual ~~Company's~~results ~~revenue~~could ~~consists~~differ ~~of revenue~~ from ~~providing~~those ~~travel consulting and travel arrangement advisory services ("service revenue"), and service revenue from travel schedule arrangements and advisory~~estimates.

7e. Loss per share.

gBasic loss per share ("EPS") is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. ~~Cash~~Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and ~~cash~~convertible ~~equivalents~~debt or convertible preferred stock, using the if-converted method. EPS excludes all potential dilutive shares of common stock if their effect is anti-dilutive. There were no dilutive securities at September 30, 2021 and June 30, 2021.

The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months or less of their acquisition date. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. As of March 31, 2021 and June 30, 2020, we have no cash equivalents.7

hf. Revenue ~~Equipment~~recognition.

~~Equipment~~The Company recognizes revenue when it is ~~stated~~realized ator ~~cost~~realizable and ~~depreciated~~earned. ~~using~~The Company considers revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the ~~straight~~sales price is fixed or determinable, and collectability is reasonably assured. Revenue, which primarily consists of commission fees from air ticketing and hotel booking operations, is recognized as tickets and hotels are booked and non-~~line~~cancellable, ~~method~~and ~~over~~is recorded on a net basis (that is, the ~~estimated~~amount ~~useful~~billed ~~life~~to ofa customer less the ~~asset~~amount paid to a supplier) as the Company acts as an agent in these transactions. Effective January 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The ~~estimated~~implementation ~~useful~~of ~~lives~~ASC 606 did not have a material impact on the Company's consolidated financial statements. ASC 606 create a five-step model that requires entities to exercise judgement when considering the terms of contract, which includes (1) identifying the contracts or agreement with a customer, (2) identifying our ~~property~~performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligation, and ~~equipment~~(5) ~~are~~recognizing ~~generally~~revenue ~~three~~as ~~years~~each performance obligation is satisfied. AsThe Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company's revenue consists of ~~March~~revenue ~~31,~~from ~~2021~~providing travel consulting and travel arrangement advisory services ("service revenue"), ~~there~~and isservice norevenue ~~property~~from ortravel ~~equipment~~schedule arrangements and advisory.

ig. Cash ~~Income~~and ~~taxes~~cash equivalents.

~~Deferred~~The ~~tax~~Company ~~assets~~includes ~~and~~in ~~liabilities~~cash ~~are~~and ~~recognized~~cash ~~for~~equivalents ~~future~~all ~~tax~~short-term, ~~consequences~~highly ~~attributable~~liquid toinvestments ~~differences~~that ~~between~~mature ~~financial~~within ~~statement~~three ~~carrying~~months ~~amounts~~or less of ~~existing assets and liabilities and~~ their ~~respective~~acquisition ~~tax bases~~date. InCash ~~addition,~~equivalents ~~the~~consist ~~Company~~principally ~~recognizes future tax benefits, such as carryforwards, to the extent that realization~~ of ~~such~~investments ~~benefits~~in isinterest-bearing ~~more~~demand ~~likely~~deposit ~~than~~accounts ~~not~~ and ~~that~~liquidity afunds ~~valuation~~with ~~allowance~~financial isinstitutions ~~provided~~and ~~when~~are itstated isat ~~more~~cost, ~~likely~~which ~~than~~approximates ~~not~~fair ~~that~~value. ~~some~~As ~~portion~~ of ~~the~~September ~~deferred~~30, ~~tax~~2021 ~~asset~~and ~~will~~June ~~not~~30, be2021, ~~realized.~~we ~~The~~have ~~Company's~~no ~~net~~cash ~~operating losses carryforwards are subject to Section 382 limitation~~equivalents.

ji. Income ~~Recently issued accounting pronouncements~~taxes.

~~The~~Deferred ~~Company~~tax ~~does~~assets ~~not~~and ~~expect~~liabilities ~~that~~are ~~any~~recognized ~~recently~~for ~~issued~~future ~~accounting~~tax ~~pronouncement~~consequences ~~will~~attributable ~~have~~to adifferences ~~significant~~between ~~impact~~financial onstatement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, the ~~consolidated~~Company ~~results~~recognizes offuture ~~operations~~tax benefits, ~~financial~~such ~~position~~as carryforwards, orto ~~cash~~the ~~flows~~extent that realization of such benefits is more likely than not and that a valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. The Company's net operating losses carryforwards are subject to Section 382 limitation.

j. Recently ~~Issued~~issued ~~Accounting~~accounting ~~Pronouncements~~pronouncements.

~~In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.~~ The ~~new~~Company ~~guidance~~does isnot ~~intended~~expect tothat ~~reduce~~any ~~diversity~~recently inissued ~~practice~~accounting inpronouncement ~~how~~will ~~certain~~have ~~transactions~~a ~~are~~significant ~~classified~~impact inon the ~~statement~~consolidated results of ~~cash flows. ASU 2016-15 is effective for public business entities for fiscal years beginning after 15 December 2017~~operations, ~~and~~financial ~~interim periods within those years. For all other entities~~position, itor iscash ~~effective~~flows for fiscal years beginning after 15 December 2018, and interim periods within fiscal years beginning after 15 December 2020. Early adoption is permitted. Entities will have to apply the guidance retrospectively, but if it is impracticable to do so for an issue, the amendments related to that issue would be applied prospectively. The Company is currently evaluating the impact of the ~~adoption of this guidance on its consolidated financial statements, if any~~Company.

InRecently ~~July~~Issued ~~2018,~~Accounting ~~the~~Pronouncements FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases, to clarify on how to apply certain aspects of the new lease accounting standard. The amendments in this update, among other things, better articulates the requirement for a lessee's reassessment of lease classification as of the effective date of a modification, clarifies that a change to an index or rate for variable lease payments does not constitute a resolution of a contingency that would result in the remeasurement of lease payments, and requires entities that apply Topic 842 retrospectively to each reporting period and do not adopt the practical expedients to write off any prior unamortized initial direct costs that do not meet the definition under Topic 842 to equity. The amendments in this update have the same effective date and transition requirements as the new lease standard summarized above. The Company has evaluated the impact of adoption of Topic 842 on the Company's consolidated financial position and results of operations as stated above. There would be no impact of the adoption of this guidance on its consolidated financial statements for the year ended as of June 30, 2020.

8In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases, to clarify on how to apply certain aspects of the new lease accounting standard. The amendments in this update, among other things, better articulates the requirement for a lessee's reassessment of lease classification as of the effective date of a modification, clarifies that a change to an index or rate for variable lease payments does not constitute a resolution of a contingency that would result in the remeasurement of lease payments, and requires entities that apply Topic 842 retrospectively to each reporting period and do not adopt the practical expedients to write off any prior unamortized initial direct costs that do not meet the definition under Topic 842 to equity. The amendments in this update have the same effective date and transition requirements as the new lease standard summarized above. The Company has evaluated the impact of adoption of Topic 842 on the Company's consolidated financial position and results of operations as stated above. There would be no impact of the adoption of this guidance on its consolidated financial statements for the period ended as of September 30, 2021.

In December ~~2020~~2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) ~~2020~~2019-12, "Simplifying the Accounting for Income Taxes". The pronouncement simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC Topic 740, "Income Taxes". The pronouncement also improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU ~~2020~~2019-12 will be effective for us beginning in the first quarter of fiscal 2021, with early adoption permitted. We are still evaluating the impact this guidance will have on our consolidated financial statements.

~~Note 3 - Going Concern~~8

AsNote ~~reflected~~3 in- ~~the~~Going accompanying consolidated financial statements, the Company had accumulated deficits of $1,238,796 and $1,283,018 for the years ended March 31, 2021 and June 30, 2020 and net income of $44,222 and net losses of $45,732, respectively, for the nine months ended March 31, 2021 and 2020. The Company currently has business activities to generate funds for its own operations, however, has not yet achieved profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. The Company's ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Concern

~~Management~~As ~~believes~~reflected ~~that~~in the ~~current~~accompanying ~~actions~~consolidated tofinancial ~~obtain~~statements, ~~additional~~the ~~funding~~Company ~~from~~had ~~independent~~accumulated ~~investors~~deficits orof ~~from~~$1,267,906 and $1,255,841 as of September 30, 2021 and June 30, 2021, and net losses of $12,065 and $26,468, respectively, for the ~~management~~three months ended September 30, 2021 and 2020. The Company currently has business activities to ~~implement~~generate funds for its ~~strategic~~own ~~plans~~operations, ~~should~~however, ~~allow~~has ~~the~~not ~~Company~~yet achieved profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. ~~There~~The ~~are~~Company's noability ~~assurances~~to ~~that~~continue as a going concern is dependent on its ability to raise additional ~~funds~~capital ~~will~~and beimplement ~~available~~its ~~when~~business ~~needed~~plan. ~~from~~These financial statements do not include any ~~source~~adjustments ~~or,~~to ifthe ~~available,~~recoverability ~~will~~and beclassification ~~available~~of onrecorded ~~terms~~asset amounts and classification of liabilities that ~~are~~might ~~acceptable~~be necessary should the Company be unable to uscontinue as a going concern.

~~Note~~Management 4believes -that ~~Prepayment~~the current actions to obtain additional funding from independent investors or from the management and to implement its strategic plans should allow the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us.

AsNote of4 ~~March 31, 2021, the Company prepaid a security deposit of $11,933 (Cnd$15,000) (June 30, 2020~~ - ~~$11,016) to Consumer Protection British Columbia Province for the guarantee of service quality.~~Prepayment

~~Note~~As 5of September 30, 2021, the Company prepaid a security deposit of $11,762 (CAD$15,000) (June 30, 2021 - ~~Accounts~~$12,030 ~~Payable~~(CAD$15,000)) ~~and~~to ~~Accrued~~Consumer ~~Liabilities~~Protection British Columbia Province for the guarantee of service quality.

Note 5 - Accounts Payable and Accrued Liabilities ~~of $9,904 as of March 31, 2021 consists of outstanding payment of $1,645 in legal fees, $6,400 in audit and accounting fees and $1,859 in filing fees. (June 30, 2020 - $15,351).~~

~~Note~~Accounts 6Payable -and ~~Related~~Accrued ~~Parties~~Liabilities of $32,287 as of September 30, 2021, consists of payment of $2,625 in legal fees, $27,400 in audit and accounting fees and $2,262 in filing fees. (June 30, 2021 - $24,561).

~~Mrs.~~Note ~~Hong~~6 Ba serves as the Chief Executive Officer and Director of the Company. Mr. Feng Li, the husband of Mrs. Hong Ba, is the owner of the Canada Airchn Financial Inc. ("CAFI"). The shareholders make advances to the Company from time to time for the Company's operations. These advances are due on demand and non-~~interest~~ ~~bearing.~~Related Parties

AsMrs. Hong Ba serves as the Chief Executive Officer and Director of ~~March~~the ~~31,~~Company. ~~2021~~Mr. Feng Li, ~~there~~the ~~was~~husband $8of Mrs. Hong Ba,~~142~~ ~~due~~is the owner of the Canada Airchn Financial Inc. ("CAFI"). The shareholders make advances to ~~related~~the ~~parties~~Company infrom ~~total~~time to time for the Company's operations. These advances are due on demand and non-interest bearing.

~~During~~As ~~the~~of ~~nine~~September ~~months ended March 31~~30, 2021, onthere ~~December~~was 14$13,698 ~~2020~~(June 30, ~~the~~2021 ~~CEO~~- ~~of the Company assigned the debt owed to her by the Company to a transferee who entered into a debt cancellation agreement to convert the debt of~~ $1012,~~584~~020) ~~into~~due ~~2,116,804~~to ~~common~~related ~~shares~~parties ofin ~~the Company at a price of $0~~total.~~005 per share.~~

~~During~~As of the three months ended ~~March~~September 3130, 2021, the CEO of the Company advanced $56,~~565~~930 (June 30, ~~2020~~2021 - $~~140~~7,048) to the Company for operating expenditure.

~~For~~During the ~~nine~~three months ended ~~March~~September 3130, 2021, ~~on December 4, 2020, the debt of $33,402 (2020 - $23,562) owed to~~ a company owned by Feng Li, the husband of Mrs. Hong Ba, our CEO, ~~was~~charged ~~assigned~~the toCompany a$1,906 ~~transferee~~(CAD$2,400) ~~who~~(September ~~entered~~30, ~~into~~2020 a- ~~debt~~$1,812) ~~cancellation~~in ~~agreement~~rent toand ~~convert~~ the debt ~~into~~of 6$5,~~680,448~~646 ~~common~~has ~~shares~~been ofdue to the ~~Company~~related atparty a(June ~~price~~30, of2021 - $03,850).~~005 per share.~~

~~During~~As of the ~~nine~~period ~~months~~ ended ~~March~~September 3130, 2021, athe ~~company~~husband ~~owned~~of byMrs. ~~Feng~~Hong LiBa, ~~charged~~our ~~the~~CEO, ~~Company~~advanced $~~5,544~~900 (~~Cnd$7,200)~~June ~~(2020 - $5~~30,~~398)~~ ~~in rent. As of March 31,~~ 2021, ~~the debt of $1,919 (2020~~ - $~~27,392~~900) ~~has~~to ~~been~~the ~~due~~Company tofor the ~~related~~operating ~~party~~expenditure.

~~During~~As ~~the~~of ~~nine~~September ~~months ended March 31~~30, 2021, onthe ~~December~~Company ~~14,~~has ~~2020,~~received ~~Mr.~~an Liadvance ~~assigned~~of ~~the~~$222 ~~debt~~(June ~~owed~~30, to2021 ~~him~~- by$222) ~~the~~for ~~Company~~operating toexpenditure afrom ~~transferee who entered into~~ a ~~debt~~related ~~cancellation~~party ~~agreement~~who tois ~~convert~~an ~~the~~over ~~debt~~10% ~~into~~shareholder ~~310,000 common shares~~ of the Company ~~at a price of $0~~.~~005 per share.~~

9Note 7 - Commitment and Contingencies

~~For~~The ~~the~~Company ~~three~~leases ~~months~~an ~~ended~~office ~~March~~space ~~31,~~in ~~2021,~~Canada Lifor ~~Feng,~~a ~~the~~term ~~husband~~under ofmonth ~~Mrs.~~by ~~Hong~~month ~~Ba,~~operating ~~our~~lease ~~CEO,~~agreement. ~~advanced~~Monthly ~~$450~~rent ~~(March~~is ~~31,~~$635 ~~2021 -~~ (CAD$~~1,100~~800) ~~to the Company for operating expenditures~~.

As of March 31, 2021, the Company has received advances for future share issuance of $192,444 (June 30, 2020 - $149,304) and an advance of $219 (June 30, 2020 - $209) for operating expenditure from a related party who is an over 10% shareholder of the Company and the Company expensed $14,326 (June 30, 2020 - Nil) in imputed interest on the accumulated amount of advances for future share issuance. On December 14, 2020, such related party assigned the debt owed to him by the Company to a transferee who entered into a debt cancellation agreement to convert the debt into 38,488,858 common shares of the Company at a price of $0.005 per share.

2021	CAD $9,600
2022	CAD $9,600
2023	CAD $9,600
2024	CAD $9,600
2025	CAD $9,600

~~Note~~The 7lease -agreement ~~Commitment~~for ~~and~~the ~~Contingencies~~Beijing office was terminated effective from October 1, 2013.

~~The Company leases an office space in Canada for a term under month by month operating lease agreement. Monthly rent is $616 (Cdn$800).~~9

2020	Cdn $9,600
2021	Cdn $9,600
2022	Cdn $9,600
2023	Cdn $9,600
2024	Cdn $9,600

For each of the three months ended September 30, 2021 and 2020, the Company recorded a rent expense of $1,906 (CAD$2,400) and $1,812 (CAD$2,400), respectively.

~~The~~Note ~~lease~~8 ~~agreement~~- ~~for~~Common ~~the Beijing office was terminated effective from October 1, 2013.~~Stock

~~For~~On ~~each~~December of14, 2020, the ~~nine~~Company ~~months~~entered ~~ended~~into ~~March~~Debt ~~31,~~Cancellation ~~2021~~Agreement ~~and~~(the ~~2020,~~"Debt Cancellation Agreement") with certain creditors to the Company ~~recorded~~with a ~~rent~~total ~~expense~~outstanding aggregate balance of US$5237,~~544~~981 (~~Cdn$7,200~~the "Debts"). ~~and~~Pursuant $5to the Debt Cancellation Agreement the Company agreed to issue an aggregate total of 47,~~398~~596,110 ~~(Cdn$7~~shares of its common stock,~~200~~ $0.0001 par value per share (the "Shares"), ~~respectively~~at the conversion rate of US$0.005 per share as full payment for the Debts. Upon issuance and delivery of the Shares, the Debts were fully paid and the Company no longer had any obligations to the creditors under the Debts.

~~Note~~As 8the -filing ~~Common~~date ~~Stock~~of these financial statements, there are 130,085,501 shares issued and outstanding.

On January 23, 2012, the Company entered into a subscription agreement with the significant shareholder Hong Ba, for the sale of 22,000,000 common shares for $630,000 from cash received and expense paid on behalf by Hong Ba. Subsequent to the sale, Hong Ba owns 22,000,000 common shares which represent 45.9% of the issued and outstanding shares of the Company.10

~~The~~ITEM ~~Share~~2 ~~Purchase~~MANAGEMENT'S ~~Agreement~~DISCUSSION ~~with~~AND ~~Mr.~~ANALYSIS WuOF ~~Hao~~FINANCIAL ~~was~~CONDITION ~~not~~AND ~~completed~~RESULTS inOF January 2013, and both the Company and Mr. Wu Hao agreed to terminate the agreement entered on December 15, 2012. On October 26, 2014, the Company issued 15,538,300 common shares of the Company to settle the debts payable of $155,383 to related parties at $0.01 per share.OPERATIONS

~~The~~Forward ~~Company~~Looking is authorized to issue 500,000,000 shares of common stock with par value of $0.0001. As of March 31, 2021 and June 30, 2020, 130,085,501 and 82,489,391 shares of common stock were issued and outstanding, respectively. Statements

OnThis ~~October~~report 26contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, ~~2014~~you can identify forward-looking statements by terminology such as "may", ~~the~~"should", ~~Company~~"expects", ~~issued~~"plans", 15"anticipates",~~538~~ "believes",~~300~~ ~~common~~"estimates", ~~shares~~"predicts", of"potential" or "continue" or the ~~Company~~negative toof ~~settle~~these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the ~~debts~~risks ~~payable~~in the section entitled "Risk Factors", that may cause our company's or our industry's actual results, levels of ~~$155~~activity,~~383~~ performance or achievements to ~~related~~be ~~parties~~materially atdifferent ~~$0.01~~from ~~per~~any ~~share~~future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

OnAlthough ~~August~~we 5,believe ~~2016,~~that the ~~Company~~expectations ~~entered~~reflected ~~into~~in ~~Debt Conversion Agreements (~~the ~~"Agreements")~~forward-looking ~~with~~statements ~~each~~are ~~of Lin Li and Youzhe Li~~reasonable, ~~who~~we ~~were~~cannot ~~each~~guarantee ~~creditor~~future ~~to the Company with total outstanding balances of $25~~results,~~920~~ ~~(the~~levels ~~"Lin Li Loan") and $78,861 (the "Youzhe Li Loan" and, together with the Lin Li Loan, the "Loans"), respectively. Pursuant to the Agreements the Company agreed to issue an aggregate total~~ of 19activity,~~051,091~~ ~~shares~~performance ofor ~~its common stock, $0~~achievements.~~0001~~ ~~par~~Except ~~value~~as ~~per~~required ~~share~~by ~~(the~~applicable ~~"Shares")~~law, atincluding the ~~conversion~~securities ~~rate~~laws of ~~$0.0055 per share as full payment for~~ the ~~Loans.~~United ~~Upon issuance and delivery of the Shares~~States, ~~the~~we ~~Loans~~do ~~were~~not ~~fully~~intend ~~paid~~to ~~and~~update ~~the Company no longer had~~ any ~~obligations to the individuals under the Loans. Lin Li is the sister~~ of ~~Mr. Feng Li, who is~~ the ~~husband~~forward-looking ofstatements ~~Hong~~to ~~Ba,~~conform ~~the~~these ~~Company's~~statements ~~director,~~to ~~CEO~~actual ~~and CFO~~results.

OnOur ~~August~~financial 5,statements ~~2016,~~are ~~the~~stated ~~Company~~in ~~issued~~United ~~14,338,364~~States ~~common~~dollars ~~shares~~(US$) ofand ~~the~~are ~~Company~~prepared ~~to such a related party~~ in ~~cancellation~~accordance ofwith ~~the~~United ~~debt~~States ofgenerally ~~$78,861~~accepted ~~owed~~accounting ~~to such party at such time~~principles.

10In this quarterly report, unless otherwise specified, all references to "common shares" refer to the common shares of our capital stock.

OnAs ~~December~~used ~~14,~~in ~~2020,~~this ~~the~~quarterly ~~Company~~report, ~~entered into Debt Cancellation Agreement (~~the ~~"Debt~~terms ~~Cancellation Agreement~~"~~) with certain creditors to the Company with a total outstanding aggregate balance of US$237~~we",~~981~~ ~~(the~~ "~~Debts~~us"~~). Pursuant to the Debt Cancellation Agreement the Company agreed to issue an aggregate total of 47~~,~~596,110~~ ~~shares of its common stock, $0.0001 par value per share (the~~ "~~Shares~~our"), at"W&E ~~the~~Source ~~conversion rate of US$0~~Corp.~~005 per share as full payment for the Debts. Upon issuance and delivery of the Shares~~", "the ~~Debts were fully paid and the~~ Company" nomeans ~~longer~~W&E ~~had~~Source ~~any~~Corp., ~~obligations~~unless tootherwise ~~the creditors under the Debts~~indicated.

AsCorporate ~~the filing date of these financial statements, there are 130,085,501 shares issued and outstanding.~~Overview

11The Company has identified the global tourism market as its first investment target. As it currently exists, the tourism industry is fragmented into various geographic regions. We believe that approaching this industry from a global perspective is an emerging market with tremendous growth potential. We plan to set up and/or acquire offices in various regions of the world and through them, develop the local tourism industry and expand our local tourism market. Ultimately, we plan to unify and manage our regional offices and to market our global services through the internet.

~~ITEM~~We 2have ~~MANAGEMENT'S~~set ~~DISCUSSION~~up ~~AND~~three ~~ANALYSIS~~subsidiaries, OFAirchn ~~FINANCIAL~~Travel ~~CONDITION~~Global, ~~AND~~Inc. ~~RESULTS~~in OFSeattle, ~~OPERATIONS~~Washington ("ATGI") and Airchn Travel (Canada) Inc., in Vancouver, British Columbia in Canada ("ATCI") and Airchn Travel (Beijing) Inc. in Beijing, China ("ATBI"). Our Beijing office has been closed as of September 30, 2021 due to lack of business and to reduce operating costs.

~~Forward~~We ~~Looking~~are ~~Statements~~engaged in services such as airline and cruise ticketing, customized and packaged tours, travel blogs, travel magazines, sales of travel related merchandise, group hotel reservations, business travel arrangements, conference travel arrangements, car rental and admission ticket sale for local tourist attractions.

~~This~~We ~~report~~will ~~contains~~continue ~~forward-looking statements. These statements relate~~ to ~~future~~explore ~~events~~other orbusiness ~~our~~growth ~~future financial performance. In some cases~~opportunities, ~~you~~regardless ~~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~~industry, ~~uncertainties and other factors, including the risks~~ in ~~the~~order ~~section~~to ~~entitled~~diversify ~~"Risk Factors", that may cause~~ our ~~company's~~business oroperations ~~our~~and 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 statementsinvestments.

~~Although~~On weJanuary ~~believe~~17, ~~that~~2012, the ~~expectations~~Company ~~reflected~~filed ina ~~the~~Certificate ~~forward-looking~~of ~~statements~~Amendment ~~are~~to ~~reasonable,~~its weCertificate ~~cannot~~of ~~guarantee~~Incorporation ~~future~~with ~~results,~~the ~~levels~~Secretary of ~~activity,~~State ~~performance~~of orDelaware ~~achievements.~~to ~~Except~~change asits ~~required~~name byfrom ~~applicable~~News ~~law~~of China, ~~including~~Inc. ~~the~~to ~~securities~~W&E ~~laws~~Source ofCorp. In connection the ~~United~~name ~~States~~change, weour dolisting ~~not~~symbol ~~intend~~also changed from "NWCH" to ~~update~~"WESC." ~~any~~In ofaddition, the ~~forward-looking~~Company ~~statements~~also increased its total authorized shares to ~~conform~~500,000,000 ~~these~~to ~~statements~~anticipate future financing through the issuance of our equity or convertible debt to ~~actual~~finance ~~results~~our business.

~~Our financial statements are stated in United States dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.~~COVID-19

In ~~this~~December ~~quarterly~~2019, ~~report~~a novel strain of coronavirus, ~~unless~~COVID-19, ~~otherwise~~was ~~specified~~first detected in Wuhan, ~~all~~China, ~~references~~and has since spread to other regions, including Europe and North America. On March 11, 2020, the World Health Organization declared that the rapidly spreading COVID-19 outbreak was a global pandemic ("~~common~~COVID-19 ~~shares~~pandemic"). ~~refer~~In response to the ~~common~~pandemic, ~~shares~~many governments around the world have implemented, and continue to implement, a variety of measures to reduce the spread of COVID-19, including travel restrictions and bans, instructions to residents to practice social distancing, quarantine advisories, shelter-in-place orders and required closures of non-essential businesses. These government mandates have forced many of the companies on whom our ~~capital~~business ~~stock~~relies, including hotels and other accommodation providers and airlines, to seek government support in order to continue operating, to curtail drastically their service offerings or to cease operations entirely. Further, these measures have materially adversely affected, and may further adversely affect, consumer sentiment and discretionary spending patterns, economies and financial markets, and our customers. The COVID-19 pandemic and the resulting economic conditions and government orders have resulted in a material decrease in consumer spending and an unprecedented decline in travel activities and consumer demand for related services. Our financial results and prospects are almost entirely dependent on the sale of such travel-related services. Our results for the quarter ended September 30, 2021 have been significantly and negatively impacted, with a material decline in gross travel bookings and total revenues as compared to the corresponding period in 2020. We expect to continue to see severely reduced new travel reservation bookings as compared to 2020 levels for the foreseeable future, which will have a materially adverse impact on our business, financial condition, results of operations and cash flows. Due to the uncertain and rapidly evolving nature of current conditions around the world, we are unable to predict accurately the impact that the COVID-19 pandemic will have on our business going forward. With the continued spread of COVID-19 in the United States and various other countries, we expect the pandemic and its effects to continue to have a significant adverse impact on our business for the duration of the pandemic, during any resurgences of the pandemic and during the subsequent economic recovery, which could be an extended period of time.

~~As used in this quarterly report, the terms "we", "us", "our", "W&E Source Corp.", "the Company" means W&E Source Corp., unless otherwise indicated.~~11

~~Corporate~~Results ~~Overview~~of Operations

The ~~Company~~following ~~has~~summary ~~identified~~of ~~the~~our ~~global~~results ~~tourism~~of ~~market~~operations asshould ~~its~~be ~~first~~read ~~investment~~in ~~target.~~conjunction ~~As it currently exists, the tourism industry is fragmented into various geographic regions. We believe that approaching this industry from a global perspective is an emerging market~~ with ~~tremendous~~our ~~growth~~unaudited ~~potential.~~financial Westatements ~~plan~~for ~~to set up and/or acquire offices in various regions of~~ the ~~world~~quarters ~~and~~ended ~~through~~September ~~them~~30, ~~develop~~2021 ~~the local tourism industry~~ and ~~expand~~2020 ~~our~~contained ~~local~~in ~~tourism~~this ~~market~~Report. ~~Ultimately, we plan to unify and manage our regional offices and to market our global services through the internet.~~

WeThree ~~have~~Months ~~set~~Ended upSeptember ~~three subsidiaries~~30, Airchn Travel Global, Inc. in Seattle, Washington ("ATGI") and Airchn Travel (Canada) Inc., in Vancouver, British Columbia in Canada ("ATCI") and Airchn Travel (Beijing) Inc. in Beijing, China ("ATBI"). Our Beijing office has been closed as of March 31, 2021 ~~due to lack of business~~ and ~~to reduce operating costs.~~2020:

We are engaged in services such as airline and cruise ticketing, customized and packaged tours, travel blogs, travel magazines, sales of travel related merchandise, group hotel reservations, business travel arrangements, conference travel arrangements, car rental and admission ticket sale for local tourist attractions.

		Three Months Ended			Three Months Ended
		September 30,			September 30,
		2021			2020
Expenses
General and administrative expenses		(9,631	)		(11,198	)
Imputed interest expenses		(38	)		(13,166	)
Foreign currency exchange gain (loss)		(2,396	)		(2,104	)
Net loss	$	(12,065	)	$	(26,468	)

~~We will continue to explore other business growth opportunities, regardless of industry, in order to diversify our business operations and investments.~~Revenues

OnWe ~~January~~had ~~17,~~no ~~2012,~~revenue ~~the~~for ~~Company filed a Certificate of Amendment to its Certificate of Incorporation with~~ the ~~Secretary~~three ofmonths ~~State~~ended ofSeptember ~~Delaware to change its name from News of China~~30, ~~Inc.~~2021 toand ~~W&E Source Corp. In connection the name change~~2020, ~~our~~mainly ~~listing~~due ~~symbol also changed from "NWCH"~~ to ~~"WESC." In addition,~~ the ~~Company~~decrease ~~also~~in ~~increased~~our ~~its~~travel ~~total~~business ~~authorized~~arrangement ~~shares~~income tocaused ~~500,000,000~~by ~~to anticipate future financing through~~ the ~~issuance~~covid-19 ofpandemic ~~our equity or convertible debt to finance our business~~globally.

~~COVID-19~~General and administrative expenses

InGeneral ~~December 2019, a novel strain of coronavirus, COVID-19, was first detected in Wuhan, China,~~ and ~~has~~administrative ~~since~~expenses spread to other regions, including Europe and North America. On March 11, 2020, the World Health Organization declared that the rapidly spreading COVID-19 outbreak was a global pandemic ("COVID-19 pandemic"). In response to the pandemic, many governments around the world have implemented, and continue to implement, a variety of measures to reduce the spread of COVID-19, including travel restrictions and bans, instructions to residents to practice social distancing, quarantine advisories, shelter-in-place orders and required closures of non-essential businesses. These government mandates have forced many of the companies on whom our business relies, including hotels and other accommodation providers and airlines, to seek government support in order to continue operating, to curtail drastically their service offerings or to cease operations entirely. Further, these measures have materially adversely affected, and may further adversely affect, consumer sentiment and discretionary spending patterns, economies and financial markets, and our customers. The COVID-19 pandemic and the resulting economic conditions and government orders have resulted in a material decrease in consumer spending and an unprecedented decline in travel activities and consumer demand for ~~related services. Our financial results and prospects are almost entirely dependent on~~ the ~~sale~~three ofmonths ~~such travel-related services. Our results for the quarter~~ ended ~~March~~September 3130, 2021 ~~have~~decreased ~~been~~by ~~significantly~~$1,567 ~~and~~or ~~negatively impacted~~14%, ~~with a material decline in gross travel bookings and total revenues as~~ compared towith the ~~corresponding~~same period in 2020. We ~~expect~~The todecrease ~~continue~~was tomainly ~~see~~due ~~severely reduced new travel reservation bookings as compared~~ to ~~2020 levels for the foreseeable future, which will have~~ a ~~materially~~decrease adverse impact on our business, financial condition, results of operations and cash flows. Due to the uncertain and rapidly evolving nature of current conditions around the world, we are unable to predict accurately the impact that the COVID-19 pandemic will have on our business going forward. With the continued spread of COVID-19 in ~~the~~legal ~~United~~fees ~~States~~ and ~~various~~filing other countries, we expect the pandemic and its effects to continue to have a significant adverse impact on our business for the duration of the pandemic, during any resurgences of the pandemic and during the subsequent economic recovery, which could be an extended period of timefees.

12Net loss

~~Results~~We had net losses of ~~Operations~~$12,065 and $26,468 for the three months ended September 30, 2021 and 2020, respectively, a decrease of $14,403 or 54%, and had an accumulated deficit of $1,267,906 since the inception of our business as at September 30, 2021. The decrease in net loss is mainly attributable to a decrease of general and administrative expenses and the imputed interest expense incurred in connection with the advance share issuance during the quarter ended September 30, 2020.

~~The following summary of our results of operations should be read in conjunction with our unaudited financial statements for the quarters ended March 31, 2021 and 2020 contained in this Report.~~12

~~Nine~~Liquidity ~~Months Ended March 31, 2021~~ and ~~2020:~~Capital Resources

		Nine Months Ended		Nine Months Ended
		March 31,		March 31,
		2021		2020
Revenues	$	-	$	825
Expenses
General and administrative expenses		(36,497)		(33,718	)
Interest expenses		(14,326)		-
Gain on debt settlement		90,433		-
Foreign currency exchange gain (loss)		4,612		(12,839	)
Net income (loss)	$	44,222	$	(45,732	)

Our financial condition at the end of September 30, 2021 and June 30, 2021 are summarized as follows:

~~Revenues~~Working Capital

We have generated total revenues of $Nil from operations during the nine months ended March 31, 2021 as compared to $825 for the same period in 2020, a decrease of $825 or 100%. The decrease was mainly due to the decrease in our travel business arrangement income caused by the COVID-19 pandemic globally in the period ended March 31, 2021.

		September 30, 2021			June 30, 2021
Current Assets	$	2,257		$	2,290
Current Liabilities		(45,985	)		(36,581	)
Working Capital	$	(43,728	)	$	(34,291	)

~~General~~Our working capital deficit increased from the previous year-end and ~~administrative~~current ~~expenses~~assets were still insufficient to cover liabilities; the deficit magnitude increased by $9,439 due to an increase in accounts payable and accrued liabilities.

~~General~~Cash and administrative expenses for the nine months ended March 31, 2021 increased by $2,779 or 8%, compared with the same period in 2020 primarily because of increased operating cost in professional expenses due to a share issuance.Flows

Net loss

		September 30, 2021			September 30, 2020
Cash used in operating activities	$	(2,396	)	$	(16,772	)
Cash provided by financing activities		-			16,682
Cumulative translation adjustment		2,364			93
Net increase (decrease) in cash	$	(32	)	$	3

WeCash ~~had~~Used net income of $44,222 and net losses of $45,732 for the nine months ended March 31, 2021 and 2020, respectively, an increase of income of $89,954, and had an accumulated deficit of $1,238,796 since the inception of our business as at March 31, 2021. The increase in ~~net~~Operating income is mainly attributable to an increase in gain on debt settlement and an increase in foreign exchange gain, partially offset by a reduction in sales revenue and an increase of general and administrative expenses and imputed interest expenses accrued on advanced share issuance.Activities

13For the three months ended September 30, 2021, our cash used in operating activities decreased by $14,376 or 86% to $2,396, compared with $16,772 for the three months in the prior year. The decrease is mainly due to a decrease in net loss.

~~Three~~Cash ~~Months~~Used ~~Ended~~in ~~March~~Investing ~~31, 2021 and 2020:~~Activities

		Three Months Ended			Three Months Ended
		March 31,			March 31,
		2021			2020
Revenues	$	-		$	332
Expenses
General and administrative expenses		(11,529	)		(11,370	)
Interest expenses		-			-
Gain on debt settlement		-			-
Foreign currency exchange gain (loss)		(644	)		(6,710	)
Net income (loss)	$	(12,173	)	$	(17,748	)

For the three months ended September 30, 2021 and 2020, we have no cash investing activities as compared from the same period last year.

~~Revenues~~Cash Provided by Financing Activities

WeFor ~~have generated total revenues of $Nil from operations during~~ the three months ended ~~March~~September 3130, 2021, asthe ~~compared~~Company toadvanced $~~332~~1,906 for a rent expense compared with in the same period in 2020, ain ~~decrease~~which ofthe ~~$332~~Company orreceived ~~100%.~~$16,682 ~~The~~from ~~decrease~~financing ~~was~~activities ~~mainly~~in ~~due to~~ the ~~decrease~~form inof ~~our~~cash ~~travel~~advances ~~business~~for ~~arrangement~~future ~~income~~share ~~caused~~issuances byfrom ~~the~~a ~~COVID-19~~related ~~pandemic globally in the period ended March 31, 2021~~party.

~~General~~Cash ~~and administrative expenses~~Requirements

~~General~~Over ~~and administrative expenses for~~ the ~~three~~next 12-months ~~ended March 31~~, ~~2021~~we ~~increased~~anticipate bythat ~~$159~~we orwill ~~1%,~~incur ~~compared with~~ the ~~same~~following ~~period in 2020 primarily because of increased~~ operating ~~cost in stock transfer agent~~ expenses.:

Net loss

Expense		Amount
General and administrative	$	5,000
Professional fees		50,000
Foreign currency exchange loss		5,000
Total	$	60,000

WeOur ~~had net losses of $12~~CEO,~~173~~ ~~and~~Hong ~~net losses of $17~~Ba,~~748~~ ~~for~~has ~~the~~committed ~~three~~to ~~months~~providing ~~ended~~our ~~March~~working ~~31,~~capital ~~2021~~requirements ~~and~~for ~~2020, respectively, a decrease of $5,575 or 31%, and had an accumulated deficit of $1,238,796 since~~ the ~~inception~~next of12 ~~our business as at March 31, 2021~~months. ~~The decrease in net losses is mainly attributable to a decrease in foreign exchange loss, partially offset by a reduction in sales revenue and an increase of general and administrative expenses.~~

~~Liquidity~~Management ~~and~~believes ~~Capital~~that ~~Resources~~the Company will be able to raise sufficient capital to meet our working capital requirements for the next 12 month period. Management is currently seeking financing opportunities to meet our estimated funding requirements for the next 12 months primarily through private placements of our equity securities.

~~Our~~There ~~financial~~is ~~condition~~substantial atdoubt about our ability to continue as a going concern as the ~~end~~continuation of ~~March~~our 31business is dependent upon the continued financial support from our shareholders, ~~2021~~our ability to obtain necessary equity financing to continue operations, and ~~June~~achieving 30a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, ~~2020~~assuming ~~are~~those ~~summarized~~loans aswould ~~follows:~~be available, will increase our liabilities and future cash commitments.

~~Working Capital~~13

		March 31, 2021			June 30, 2020
Current Assets	$	2,309		$	3,546
Current Liabilities		(18,046	)		(213,480	)
Working Capital	$	(15,737	)	$	(209,934	)

Transactions with related persons

~~Our~~Mrs. ~~working~~Hong ~~capital~~Ba ~~deficit~~serves ~~decreased~~as ~~from~~ the ~~previous~~Chief ~~year~~Executive Officer and ~~current~~Director ~~assets~~of ~~were~~the ~~still~~Company. ~~insufficient~~Mr. toFeng ~~cover~~Li, ~~liabilities;~~ the ~~deficit~~husband ~~magnitude~~of ~~decreased~~Mrs. byHong ~~$205~~Ba,~~729~~ ~~due~~is the owner of the Canada Airchn Financial Inc. ("CAFI"). The shareholders make advances to ~~debt~~the ~~settlements~~Company byfrom ~~share~~time ~~issuance~~to time for the Company's operations. These advances are due on demand and non-interest bearing.

~~Cash~~As ~~Flows~~of September 30, 2021, there was $13,698 (June 30, 2021 - $12,020) due to related parties in total.

		March 31, 2021			March 31, 2020
Cash provided by (used in) operating activities	$	(6,562	)	$	(55,691	)
Cash provided by financing activities		5,082			56,085
Cumulative translation adjustment		240			610
Net increase (decrease) in cash	$	(1,240	)	$	1,004

As of the three months ended September 30, 2021, the CEO of the Company advanced $6,930 (June 30, 2021 - $7,048) to the Company for operating expenditure.

14During the three months ended September 30, 2021, a company owned by Feng Li, the husband of Mrs. Hong Ba, our CEO, charged the Company $1,812 (CAD$2,400) (September 30, 2020 - $1,842) in rent and the debt of $5,646 has been due to the related party (June 30, 2021 - $3,850).

~~Cash~~As ~~Used~~of inthe ~~Operating~~period ~~Activities~~ended September 30, 2021, the husband of Mrs. Hong Ba, our CEO, advanced $900 (June 30, 2021 - $900) to the Company for the operating expenditure.

~~For~~As ~~the~~of ~~nine~~September ~~months ended March 31~~30, 2021, ~~our~~the ~~cash~~Company ~~used~~has inreceived ~~operating~~an ~~activities~~advance ~~decreased~~of by $~~49,129~~222 or(June ~~88% to $6~~30,~~562,~~ ~~compared~~2021 ~~with~~- $~~55,691~~222) for ~~the~~operating ~~nine~~expenditure ~~months~~from ina ~~the~~related ~~prior~~party ~~year.~~who ~~The decrease~~ is ~~mainly~~an ~~due~~over to10% ~~the~~shareholder ~~debt~~of ~~settlement by share issuance during~~ the ~~nine months ended March 31, 2021 compared with the nine months in the prior year~~Company.

~~Cash~~Off ~~Used~~Balance inSheet ~~Investing Activities~~Arrangements

~~For~~We ~~the~~have ~~three~~no ~~months~~significant ~~ended~~off-balance ~~March~~sheet 31arrangements that have or are reasonably likely to have a current or future effect on our financial condition, ~~2021~~changes ~~and~~in ~~2020~~financial condition, werevenues ~~had~~or noexpenses, ~~cash~~results ~~investing~~of ~~activities~~operations, liquidity, capital expenditures or capital resources that is material to stockholders.

~~Cash~~Recently ~~Provided~~Issued byAccounting ~~Financing Activities~~Standards

~~For~~We ~~the~~continue ~~nine~~to ~~months~~assess ~~ended March 31, 2021,~~ the ~~Company~~effects ~~received~~of ~~$5,082~~recently ~~from~~issued ~~financing~~accounting ~~activities~~standards. inThe ~~the~~impact ~~form~~ of ~~cash~~all ~~advances~~recently ~~for~~adopted ~~future~~and ~~share~~issued ~~issuances~~accounting ~~from~~standards ahas ~~related~~been ~~party~~disclosed ~~compared with $56,085~~ in the ~~same~~Footnotes ~~period~~to inthe ~~2020~~financial statements.

~~Cash~~ITEM ~~Requirements~~3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

~~Over~~Not ~~the next 12-months, we anticipate that we will incur the following operating expenses:~~Applicable.

Expense		Amount
General and administrative	$	5,000
Professional fees		50,000
Foreign currency exchange loss		5,000
Total	$	60,000

ITEM 4. CONTROLS AND PROCEDURES.

~~Our~~Disclosure ~~CEO,~~Controls ~~Hong~~and ~~Ba, has committed to providing our working capital requirements for the next 12 months.~~Procedures

~~Management~~We ~~believes~~maintain "disclosure controls and procedures", as that term is defined in Rule 13a-15(e), promulgated by the ~~Company~~Securities ~~will~~and beExchange ~~able~~Commission pursuant to ~~raise~~the ~~sufficient~~Securities ~~capital~~Exchange Act of 1934, as amended. Disclosure controls and procedures include controls and procedures designed to ~~meet~~ensure that information required to be disclosed in our ~~working~~company's ~~capital~~reports ~~requirements~~filed ~~for~~under the ~~next~~Securities 12Exchange ~~month~~Act ~~period. Management~~of 1934 is ~~currently~~recorded, ~~seeking~~processed, ~~financing~~summarized ~~opportunities~~and toreported ~~meet~~within ~~our~~the ~~estimated~~time ~~funding~~periods ~~requirements~~specified ~~for~~in the ~~next~~Securities 12and ~~months~~Exchange ~~primarily~~Commission's ~~through~~rules ~~private~~and ~~placements~~forms, ofand that such information is accumulated and communicated to our ~~equity~~management, ~~securities~~including our principal executive officer and principal accounting officer to allow timely decisions regarding required disclosure.

~~There~~As isrequired ~~substantial~~by ~~doubt~~paragraph ~~about~~(b) ~~our~~of ~~ability~~Rules to13a-15 ~~continue~~under asthe aSecurities ~~going~~Exchange ~~concern~~Act asof 1934, our management, with the ~~continuation~~participation of our ~~business~~principal isexecutive ~~dependent~~officer ~~upon~~and ~~the~~principal ~~continued~~ financial ~~support~~officer, ~~from~~evaluated our ~~shareholders,~~company's ~~our~~disclosure ~~ability~~controls toand ~~obtain~~procedures ~~necessary~~as ~~equity~~of ~~financing~~the toend ~~continue~~of ~~operations,~~the ~~and~~period ~~achieving~~covered aby ~~profitable~~this ~~level~~quarterly ofreport ~~operations~~on Form 10-Q. ~~The~~Based ~~issuance~~on this evaluation, our management concluded that as of ~~additional~~the ~~equity~~end ~~securities~~of the period covered by usthis ~~could~~quarterly ~~result~~report inon aForm ~~significant~~10-Q, ~~dilution~~our indisclosure ~~the~~controls ~~equity~~and ~~interests~~procedures ofwere ~~our~~not ~~current~~effective ~~stockholders.~~due ~~Obtaining~~to ~~commercial~~the ~~loans,~~material ~~assuming~~weaknesses ~~those~~described ~~loans~~in ~~would~~Management's beannual ~~available,~~report ~~will~~on ~~increase~~internal control over financial reporting contained in our ~~liabilities~~Annual ~~and~~Report ~~future~~on ~~cash~~Form ~~commitments~~10-K for the year ended June 30, 2021.

~~Transactions with related persons~~ 14

~~Mrs.~~Changes ~~Hong~~in BaInternal ~~serves~~Control asover ~~the Chief Executive Officer and Director of the Company. Mr. Feng Li, the husband of Mrs. Hong Ba, is the owner of the Canada Airchn~~ Financial ~~Inc. ("CAFI"). The shareholders make advances to the Company from time to time for the Company's operations. These advances are due on demand and non-interest bearing.~~Reporting

AsThere ofwere ~~March~~no 31changes in our internal control over financial reporting during the three months ended September 30, 2021, ~~there~~that ~~was~~have $8materially affected,~~142~~ ~~due~~or are reasonably likely to ~~related~~materially ~~party~~affect, inour ~~total~~internal control over financial reporting.

~~During~~PART ~~the~~II ~~nine~~- ~~months~~OTHER ~~ended~~INFORMATION March 31, 2021, on December 14, 2020, the CEO of the Company assigned the debt owed to her by the Company to a transferee who entered into a debt cancellation agreement to convert the debt of $10,584 into 2,116,804 common shares of the Company at a price of $0.005 per share.

~~During~~ITEM ~~the~~1. ~~three~~LEGAL ~~months ended March 31, 2021, the CEO of the Company advanced $5,565 (June 30, 2020 - $140) to the Company for operating expenditure~~PROCEEDINGS.

~~For~~We ~~the~~know ~~nine~~of ~~months~~no ~~ended March 31~~material, ~~2021,~~active onor ~~December~~pending 4,legal ~~2020,~~proceedings ~~the~~against ~~debt~~our ~~of $33~~company,~~402~~ ~~(2020~~nor -are ~~$23,562)~~we ~~owed~~involved toas a ~~company~~plaintiff ~~owned~~in byany ~~Feng~~material ~~Li,~~proceeding ~~the~~or ~~husband~~pending ~~of Mrs~~litigation. ~~Hong~~There ~~Ba,~~are ~~our~~no ~~CEO~~proceedings ~~was~~in ~~assigned~~which toany aof ~~transferee~~our ~~who~~directors, ~~entered~~officers ~~into~~or aaffiliates, ~~debt~~or ~~cancellation~~any ~~agreement~~registered toor ~~convert~~beneficial ~~the debt into 6~~shareholder,~~680,448~~ ~~common~~is ~~shares~~an ofadverse ~~the~~party ~~Company~~or athas a ~~price~~material ofinterest ~~$0.005~~adverse ~~per~~to ~~share~~our interest.

~~During~~ITEM ~~the nine months ended March 31, 2021, a company owned by Feng Li charged the Company $5,544 (Cnd$7,200) (2020 - $5,398) in rent~~1A. AsRISK ofFACTORS ~~March 31, 2021, the debt of $1,919 (2020 - $27,392) has been due to the related party.~~

15As of the date of this filing, there have been no material changes from the risk factors disclosed in Part I, Item 1A (Risk Factors) contained in our Annual Report on Form 10-K for the year ended June 30, 2021. We operate in a changing environment that involves numerous known and unknown risks and uncertainties that could materially affect out operations. The risks, uncertainties and other factors set forth in our Annual Report on Form 10-K for the year ended June 30, 2021 may cause our actual results, performances and achievements to be materially different from those expressed or implied by our forward-looking statements. If any of these risks or events occurs, our business, financial condition or results of operations may be adversely affected.

~~During~~ITEM ~~the nine months ended March 31, 2021, on December 14, 2020, Mr~~2. LiUNREGISTERED ~~assigned~~SALES ~~the~~OF ~~debt~~EQUITY ~~owed~~SECURITIES toAND ~~him~~USE byOF ~~the~~PROCEEDS ~~Company to a transferee who entered into a debt cancellation agreement to convert the debt into 310,000 common shares of the Company at a price of $0.005 per share.~~

~~For the three months ended March 31, 2021, Li Feng, the husband of Mrs~~None. ~~Hong Ba, our CEO, advanced $450 (March 31, 2021 - $1,100) to the Company for operating expenditures.~~

AsITEM of March 31, 2021, the Company has received advances for future share issuance of $192,444 (June 30, 2020 - $149,304) and an advance of $219 (June 30, 2020 - $209) for operating expenditure from a related party who is an over 10% shareholder of the Company and the Company expensed $14,326 (June 30, 2020 - Nil) in imputed interest on the accumulated amount of advances for future share issuance3. OnDEFAULTS ~~December~~UPON ~~14,~~SENIOR ~~2020,~~SECURITIES such related party assigned the debt owed to him by the Company to a transferee who entered into a debt cancellation agreement to convert the debt into 38,488,858 common shares of the Company at a price of $0.005 per share.

~~Off Balance Sheet Arrangements~~None.

WeITEM ~~have~~4. noMINE ~~significant~~SAFETY ~~off-balance~~DISCLOSURES 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 is material to stockholders.

~~Recently~~Not ~~Issued Accounting Standards~~applicable.

WeITEM ~~continue to assess the effects of recently issued accounting standards~~5. ~~The~~OTHER ~~impact~~INFORMATION ~~of all recently adopted and issued accounting standards has been disclosed in the Footnotes to the financial statements.~~

~~ITEM 3~~None. ~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK~~

~~Not Applicable.~~15

ITEM 46. ~~CONTROLS AND PROCEDURES.~~EXHIBITS

Disclosure Controls and Procedures

(3)	Articles of Incorporation and By-laws
3.1	Articles of Incorporation (attached as an exhibit to our registration statement on Form SB-2 filed September 25, 2006)
3.2	Certificate of Amendment of Certificate of Incorporation (incorporated by reference to an exhibit to the Quarter Report on form 10-Q filed on February 10, 2012)
3.3	By-Laws (attached as an exhibit to our registration statement on Form SB-2 filed September 25, 2006)

We maintain "disclosure controls and procedures", as that term is defined in Rule 13a-15(e), promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company's reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal accounting officer to allow timely decisions regarding required disclosure.

(31)	Section 302 Certification
31.1*	Certification Statement of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32)	Section 906 Certification
32.1*	Certification Statement of the Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101*	Interactive Data Files
101.INS	XBRL Instance Document–the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL 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
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

As*filed required by paragraph (b) of Rules 13a-15 under the Securities Exchange Act of 1934, our management, with the participation of our principal executive officer and principal financial officer, evaluated our company's disclosure controls and procedures as of the end of the period covered by this quarterly report on Form 10-Q. Based on this evaluation, our management concluded that as of the end of the period covered by this quarterly report on Form 10-Q, our disclosure controls and procedures were not effective due to the material weaknesses described in Management's annual report on internal control over financial reporting contained in our Annual Report on Form 10-K for the year ended June 30, 2020.herewith

~~Changes in Internal Control over Financial Reporting~~16

There were no changes in our internal control over financial reporting during the three months ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.SIGNATURES

16Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

~~PART~~W&E IISource ~~- OTHER INFORMATION~~ Corp.

~~ITEM~~/s/ 1.Hong ~~LEGAL~~BaHong ~~PROCEEDINGS.~~BaCEO and CFOPrincipal Executive Officer, Principal Financial Officerand Principal Accounting Officer

WeDate: ~~know~~January ~~of no material~~18, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are 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 interest.2022

~~ITEM 1A. RISK FACTORS~~17

As of the date of this filing, there have been no material changes from the risk factors disclosed in Part I, Item 1A (Risk Factors) contained in our Annual Report on Form 10-K for the year ended June 30, 2020. We operate in a changing environment that involves numerous known and unknown risks and uncertainties that could materially affect out operations. The risks, uncertainties and other factors set forth in our Annual Report on Form 10-K for the year ended June 30, 2020 may cause our actual results, performances and achievements to be materially different from those expressed or implied by our forward-looking statements. If any of these risks or events occurs, our business, financial condition or results of operations may be adversely affected.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

(3)	Articles of Incorporation and By-laws
3.1	Articles of Incorporation http://www.sec.gov/Archives/edgar/data/1368275/000108503706001876/exhibit3_1.htm
3.2	Certificate of Amendment of Certificate of Incorporation http://www.sec.gov/Archives/edgar/data/1368275/000106299312000485/exhibit3-3.htm
3.3	By-Lawshttp://www.sec.gov/Archives/edgar/data/1368275/000108503706001876/exhibit3_2.htm

(31)	Section 302 Certification
31.1*	Certification Statement of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32)	Section 906 Certification
32.1*	Certification Statement of the Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101*	Interactive Data Files
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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

W&E Source Corp.

/s/ Hong BaHong BaCEO and CFO Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer

Date: June 8, 2021

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