UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

(Mark One)

☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED: December 31, ~~2019~~2020

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

For the transition period from __________ to __________

Commission File Number: 000-55973

SHENTANG INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Nevada		4783-~~0925451~~0610554
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

~~3445 Lawrence~~House ~~Ave. Oceanside~~1E1, ~~NY 11572~~Zhuoyue Weigang North

Nanshan District, Shenzhen, P.R. China 518000

(Address of principal executive offices, Zip Code)

~~Registrant’s telephone number, including area code~~ (~~310~~+86) ~~734~~138-~~2626~~2887-0006

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

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

Title of ~~Each~~each ~~Class~~class Trading Symbol(s) Name of ~~Each~~each ~~Exchange~~exchange Onon ~~Which~~which ~~Registered~~registered None N/A N/A

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

Common Stock

(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 ☒

Indicate by check mark ifwhether the registrant is ~~not~~(1) ~~required~~filed toall ~~file~~ reports ~~pursuant~~required to be filed by Section 13 or ~~Section~~ 15(d) of the ~~Act~~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 ☐ No ☒

Indicate by check mark whether the registrant has ~~(1)~~submitted ~~filed~~electronically ~~all~~every ~~reports~~Interactive Data File required to be ~~filed~~submitted bypursuant ~~Section~~to 13Rule or405 ~~15(d)~~ of ~~the~~Regulation ~~Exchange~~S-T ~~Act of~~(§232.405 ~~1934~~of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to ~~file~~submit such ~~reports~~files)~~, and (2) has been subject to such filing requirements for the past 90 days~~. Yes ☒ ☐ No ☐☒

Indicate by check mark whether the registrant is ~~has~~a ~~submitted~~large ~~electronically~~accelerated ~~and~~filer, ~~posted~~an onaccelerated ~~its~~filer, ~~corporate~~a ~~Web~~non-accelerated ~~site~~filer, ifa ~~any,~~smaller ~~every~~reporting ~~Interactive Data~~company, ~~File~~or ~~required~~an toemerging begrowth ~~submitted~~company. See ~~and~~the ~~posted~~definitions ~~pursuant to Rule 405~~ of ~~Regulation~~“large ~~S-T~~accelerated ~~(§232.405~~filer,” of“accelerated ~~this~~filer,” ~~chapter)~~“smaller ~~during~~reporting ~~the~~company,” ~~preceding~~and 12“emerging ~~months~~growth ~~(or~~company” ~~for~~in ~~such~~Rule ~~shorter~~12b-2 ~~period~~of ~~that~~ the ~~registrant~~Exchange ~~was required to submit and post such files)~~Act. ~~Yes ☐ No ☒~~

~~Indicate~~Large byaccelerated ~~check~~filer ~~mark~~☐ ifAccelerated ~~disclosure~~filer of☐ ~~delinquent filers pursuant to Iten 405 of Regulation S~~Non-Kaccelerated (§filer ~~229.405~~☒ ofSmaller ~~this~~reporting ~~chapter)~~company is☒ ~~not~~Emerging ~~contained~~growth ~~herein,~~company 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, 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 ☒ 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 has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

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

~~Aggregate~~As of June 30, 2020 (the last business day of the registrant’s most recently completed second fiscal quarter), the aggregate market value of the ~~voting~~shares ~~and~~of ~~non-voting~~the registrant’s common ~~equity~~stock held by non-affiliates ~~computed~~(based byupon ~~reference~~the toclosing ~~the~~sale price atof ~~which~~$0.0710 per share) was approximately $0.78 million. Shares of the registrant’s common ~~equity~~stock ~~was~~held ~~last~~by ~~sold,~~each orexecutive ~~the~~officer ~~average~~and ~~bid~~director and ~~asked~~by ~~price~~each person who owns 10% or more of ~~such~~the outstanding common ~~equity,~~stock ashave been excluded from the calculation in that such persons may be deemed to be affiliates of ~~June~~the ~~30,~~registrant. ~~2019:~~This ~~$1,700,000~~determination of affiliate status is not necessarily a conclusive determination for other purposes.

The number of shares of registrant’s common stock outstanding as of ~~February~~September 182, ~~2020~~2021 was 20,000,000.

SHENTANG INTERNATIONAL, INC.

Annual Report on Form 10-K

TABLE OF CONTENTS

Contents

PART I

Item 1.	Business	1
Item 1A.	Risk Factors	4
Item 1B.	Unresolved Staff Comments	7
Item 2.	Properties	7
Item 3.	Legal Proceedings	7
Item 4.	Mine Safety Disclosures	7

PART II

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	8
Item 6.	Selected Financial Data	9
Item 7.	Management’s Discussion And Analysis Of Financial Condition And Results Of Operations	9
Item 7A.	Quantitative And Qualitative Disclosures About Market Risk	11
Item 8.	Financial Statements And Supplementary Data	F-1
Item 9.	Changes In And Disagreements With Accountants On Accounting And Financial Disclosure	12
Item 9A.	Controls And Procedures	12
Item 9B.	Other Information

PART III

Item 10.	Directors, Executive Officers And Corporate Governance	14
Item 11.	Executive Compensation	15
Item 12.	Security Ownership Of Certain Beneficial Owners And Management And Related Stockholder Matters	15
Item 13.	Certain Relationships And Related Transactions, And Director Independence	16
Item 14.	Principal Accounting Fees And Services	17

PART IV

Item 15.	Exhibits, Financial Statement Schedules	18
Item 16.	Form 10-K Summary	19

Item 1. Business	1
Item 1A. Risk Factors	7
Item 6. Selected Financial Data	9
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations	9
Item 7A. Quantitative and Qualitative Disclosures About Market Risk	11
Item 8. Financial Statements and Supplementary Data	11
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	11
Item 9A. Controls and Procedures	12
Item 9B. Other Information
Item 10. Directors, Executive Officers and Corporate Governance	13
Item 11. Executive Compensation	14
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	15
Item 13. Certain Relationships and Related Transactions, and Director Independence	16
Item 14. Principal Accounting Fees and Services	16
Item 15. Exhibits, Financial Statement Schedules	17

~~Item 1.~~SPECIAL ~~Business~~NOTE REGARDING FORWARD LOOKING STATEMENTS

~~FORWARD~~This annual report on Form 10-K contains ~~LOOKING~~certain ~~STATEMENTS~~forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

~~This~~These forward-looking statements involve significant ~~annual~~risks ~~report~~and onuncertainties,. ~~Form~~Our ~~10-K~~actual ~~(the~~results ~~“Annual~~could ~~Report”)~~differ ~~contains~~materially ~~certain~~from those anticipated in such forward-looking statements. ~~All~~as ~~statements~~a ~~other~~result ~~than~~of ~~statements~~a number of ~~historical~~factors. ~~fact~~These ~~are “~~forward-looking statements” ~~for~~are ~~purposes~~made as of ~~these~~the ~~provisions~~date of this filing, ~~including~~and ~~any~~we assume no obligation to update ~~projections~~such offorward-looking ~~earnings~~statements, ~~revenues,~~unless orrequired ~~other~~by ~~financial~~law. ~~items;~~The ~~any~~following ~~statements~~discusses ofour ~~the~~financial ~~plans,~~condition ~~strategies,~~ and ~~objectives~~results of ~~management~~operations based ~~for~~upon ~~future~~our ~~operation;~~audited ~~any~~financial statements ~~concerning~~which ~~proposed~~have ~~new~~been ~~products,~~prepared ~~services,~~in oraccordance ~~developments;~~with ~~any~~United ~~statements~~States ~~regarding~~Generally ~~future~~Accepted Accounting Principles ~~economic~~and ~~conditions~~are orstated ~~performance;~~in ~~statements~~United ofStates ~~belief;~~Dollars ~~and~~(US$). ~~any~~It ~~statement~~should ofbe ~~assumptions~~read ~~underlying~~in ~~any~~conjunction ofwith our financial statements and the ~~foregoing.~~notes ~~Such~~thereto included elsewhere herein. Although we believe that the expectations reflected in the forward-looking statements are ~~subject~~reasonable, towe ~~inherent~~cannot ~~risks~~guarantee future ~~and~~results, ~~uncertainties~~levels of activity, ~~and~~performance ~~actual~~or ~~results~~achievements. ~~could~~In ~~differ~~this ~~materially~~annual ~~from~~report, ~~those~~unless otherwise specified, all dollar amounts ~~anticipated~~are byexpressed ~~the~~in ~~forward-looking~~United ~~statements~~States Dollars (US$).

~~These forward-looking~~As ~~statements~~used ~~involve~~in ~~significant~~this ~~risks~~annual ~~and uncertainties~~report, ~~including, but not limited to,~~ the ~~following:~~terms ~~competition~~“we,” ~~promotional~~“us,” ~~costs~~“our,” ~~and~~ the risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing“Company,” ~~and~~“Shentang” ~~we assume no obligation to update such forward-looking statements. The following discusses our financial condition~~ and ~~results of operations based upon~~ “our ~~audited~~company” ~~financial~~mean ~~statements~~Shentang ~~which have been prepared in conformity with accounting principles~~International, ~~generally accepted in the United States~~Inc., Itunless ~~should~~otherwise ~~be read in conjunction with our financial statements and the notes thereto included elsewhere herein~~indicated.

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.ii

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

~~In this~~ITEM ~~annual report, unless otherwise specified, all dollar amounts are expressed in United States Dollars (US$) and all references to “common shares” refer to the common shares in our capital stock~~1. BUSINESS

~~As used~~Our inCorporate ~~this~~History annual report, the terms “we,” “us,” “our,” the “Company,” “Shentang” and “our company” mean Shentang International, Inc. and its consolidated subsidiaries, unless otherwise indicated.

Corporate Background

Our Corporate History and Background

General Background of the Company

Shentang International, Inc. (“we” or the “Company”) was incorporated in the State of Nevada on June 29, 2007. We were an exploration stage company engaged in the exploration of mineral resource properties.

On July 22, 2009, the Company conducted a 1-to-10 stock split (the “Stock Split”) of the issued and outstanding common stock, so the Company’s issued and outstanding shares increased from 1,670,000 to 16,700,000 with par value of $0.001. Immediately after the Stock Split on July 22, 2009, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with Boom Spring, Inc. (“Boom Spring”), and the shareholders of Boom Spring. Pursuant to the terms of the Exchange Agreement, the shareholders of Boom Spring transferred to the Company all of the equity interest of Boom Spring in exchange for 12,000,000 outstanding shares of the Company and 33,300,000 newly issued shares of the Company (the “Share Exchange”). As a result of the Share Exchange, Boom Spring became a wholly owned subsidiary of the Company and the Company became a holding company with issued and outstanding common stock of 50,000,000 with par value of $0.001.

Pursuant to a board resolution dated October 21, 2009, the Company increased its authorized number of common stock from 50,000,000 to 190,000,000, and conducted a 2-for-5 reverse stock split (the “Reverse Stock Split”) of the issued and outstanding common stock. After the Reverse Stock Split, the Company’s issued and outstanding shares changed from 50,000,000 to 20,000,000 with par value of $0.001 effective on October 21, 2009. This reverse stock split also gave retroactive effect in the balance sheet as of December 31, 2008 and the computation of basic and diluted EPS is adjusted retroactively for all period presented accordingly.

The Company had exclusive use of the core technologies, including hollow/solid glass processing technology, pure manual glass rod processing technology, wire processing technology and painting processing technology. It developed “Yi Fan Feng Shun” liquor vessel with the brand of Wu Liang Ye. The Company was engaged in expanding in the international market. The Company also planned to build or acquire its own production capacity to meet the demand in the domestic Chinese market by purchasing or acquiring new equipment of machine-made glass producing. The objective of the Company was to become a large-scaled glass craftwork supplier and further develop its innovational technology.

On May 11, 2018, the eight judicial District Court of Nevada appointed Custodian Ventures, LLC as custodian for Shentang International Inc., proper notice having been given to the officers and directors of Shentang International, Inc. There was no opposition.1

On May 1611, 2018, the ~~Company~~Eighth ~~filed~~Judicial aDistrict Court ~~certificate~~ of ~~revival~~Nevada ~~with~~appointed ~~the~~Custodian ~~state~~Ventures, ofLLC ~~Nevada,~~as ~~appointing~~custodian ~~David~~for ~~Lazar~~Shentang asInternational, ~~President~~Inc., ~~Secretary,~~proper notice having been given to the ~~Treasurer~~officers and ~~Director~~directors of Shentang International, Inc. There was no opposition.

On May 18, 2018, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director. On May 31, 2018, the Company obtained a promissory note in amount of $7,500 from its custodian, Custodian Ventures, LLC, the managing member being David Lazar. The note bears an interest of 3% and all unpaid interest and principal is due within 180 days following written demand. On May 31, 2018, the Company issued 27,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at $27,000 in exchange for settlement of a portion of a related party loan for amounts advanced to the Company in the amount of $19,500, and the promissory note issued to the Company in the amount $7,500.

On July 2, 2018, the Company terminated its registration ~~May~~with 31the U.S. Securities and Exchange Commission (the “SEC”). On August 2, 2018, the Company ~~issued~~filed a Form 10-12G, and on September 18, 2018, the Company filed the Amendment No. 1 to Form 10-12G which went effective on October 1, 2018. On November 19, 2019, the Company board of directors determined that it was in their best interest to redeem the 27,000,000 shares of common stock, toheld ~~Custodian~~by Custodian Ventures, LLC. atIn ~~par~~addition, ~~for~~the ~~shares~~Company ~~valued~~elected atto ~~$27,000 in~~cancel ~~exchange~~and ~~for~~return ~~settlement~~to ofthe ashareholder ~~portion~~the ofpromissory anote ~~related~~dated ~~party~~May ~~loan~~31, ~~for~~2018 ~~amounts~~in ~~advanced~~the amount toof ~~the~~$7,500. The Company inshall also pay the additional amount of $19,~~500,~~ 168.97 by issuance of a promissory note and cancel all interest due on the May 31, 2018 note. The promissory note ~~issued~~dated toNovember ~~the~~19, ~~Company~~2019, in the amount of $719,~~500~~168.97 is due and payable in full within one hundred eight (180) days following written demand by the holder and bears an interest rate of 3% per annum.

On November 807, 2019, the ~~Company~~board ~~filed~~of ~~with~~directors approved the ~~State~~issuance of ~~Nevada~~10,000,000 ashares ~~Certificate~~ of ~~Designation for its~~ Series A preferred stock ~~(the “Certificate”).~~to ~~The~~Custodian ~~Certificate~~Ventures, ~~was effective on November 8~~LLC, ~~2019.~~with ~~The~~a ~~Certificate~~par ~~establishes~~value ~~all~~ of ~~the~~$0.001 ~~rights~~per ~~of the~~share ~~holders~~for a total of ~~the~~$1,400,000 ~~Series~~for Aconsulting ~~Preferred~~services ~~Stock~~provided ~~(the~~by ~~“Series~~Custodian ~~A”)~~Ventures, asLLC ~~related~~ to the ~~Series~~Company. A,The ~~including,~~Company’s ~~but~~common ~~not~~stock ~~limited~~and preferred tostock ~~the~~have ~~conversion~~different ~~rights and~~ voting rights. Onwhereby ~~November~~one 7,share ~~2019, the Board~~ of ~~Directors~~common ofstock ~~the~~is ~~Company~~entitled ~~resolved~~ to ~~set~~one ~~the~~(1) ~~terms of~~vote ~~the~~and ~~Rights~~one asshare ~~found in the Certificate. Also on November 19, 2019, Custodian Ventures, LLC exchanged its 27,000,000 shares~~ of ~~common~~preferred stock ~~for~~is ~~10,000,000~~entitled to ~~shares~~one ofhundred ~~the~~(100) ~~Series A~~votes.

~~Mr.~~On April 29, 2020, the Company entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by David Lazar, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is ~~considered~~$240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and ~~shall~~the balance of $15,000 will be ~~treated~~paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a ~~promoter~~result ~~for~~of the transaction, Purchaser became the controlling shareholder of the Company.

In connection with the closing of the stock purchase transaction, on April 29, 2020, David Lazar, the sole director of the Company, submitted his resignation letter, pursuant to which he resigned from all offices of the Company that he held effective as of the closing of the stock purchase transaction and from the board of directors effective ten (10) days following the filing of Schedule 14f-1 with the SEC. The resignation of Mr. Lazar was not in connection with any known disagreement with the Company on any matter. Upon the closing of the stock purchase transaction, on April 29, 2020, Lei Xu was appointed as a director of the Company and for the offices previously held by Mr. Lazar, effective as of the closing of the stock purchase transaction. In addition, David Lazar signed a Loan Forgiveness and Cancellation Agreement with the Company, under which he agreed to forgive all of the indebtedness owed to him by the Company as of the closing of the stock purchase transaction.

Shentang International, Inc. has administrative offices located at House 1E1, Zhuoyue Weigang North, Nanshan District, Shenzhen, P.R. China 518000.

Business Objectives of the Company

Since the custodial proceedings, the Company had no business operations. Management has determined to direct its efforts and limited resources to pursue potential new business opportunities. The Company does not intend to limit itself to a particular industry and has not established any particular criteria upon which it shall consider a business opportunity.

The Company’s common stock is subject to quotation on the OTC Pink Sheets under the symbol SHNL. There is currently only a limited trading market in the Company’s shares nor do we believe that any active trading market has existed for approximately the last 5 years. There can be no assurance that there will be an active trading market for our securities following the effective date of this registration statement under the Exchange Act. In the event that an active trading market commences, there can be no assurance as to the market price of our shares of common stock, whether any trading market will provide liquidity to investors, or whether any trading market will be sustained.

Management of the Company (“Management”) would have substantial flexibility in identifying and selecting a prospective new business opportunity. The Company is dependent on the judgment of its Management in connection with this process. In evaluating a prospective business opportunity, we would consider, among other factors, the following:

● costs associated with pursuing a new business opportunity; ● growth potential of the new business opportunity; ● experiences, skills and availability of additional personnel necessary to pursue a potential new business opportunity; ● necessary capital requirements; ● the competitive position of the new business opportunity;

●The ~~stage~~Company’s ofcommon ~~business~~stock ~~development;~~is ●subject to quotation on the OTC Pink Sheets under the symbol “SHNL.” There is currently only a limited trading market ~~acceptance~~in ofthe Company’s shares nor do we believe that any active trading market has existed for approximately the ~~potential~~last ~~products~~five ~~and~~years. ~~services;~~There ●can ~~proprietary~~be ~~features~~no ~~and~~assurance ~~degree~~that there will be an active trading market for our securities following the effective date of ~~intellectual~~this ~~property;~~registration ~~and~~statement ●under the ~~regulatory~~Exchange Act. ~~environment~~In the event that ~~may~~an active trading market commences, there can be ~~applicable~~no assurance as to the market price of our shares of common stock, whether any ~~prospective~~trading ~~business~~market ~~opportunity~~will provide liquidity to investors, or whether any trading market will be sustained.

Management of the Company would have substantial flexibility in identifying and selecting a prospective new business opportunity. The Company is dependent on the judgment of its Management in connection with this process. In evaluating a prospective business opportunity, we would consider, among other factors, the following:

●	costs associated with pursuing a new business opportunity;
●	growth potential of the new business opportunity;
●	experiences, skills and availability of additional personnel necessary to pursue a potential new business opportunity;
●	necessary capital requirements;
●	the competitive position of the new business opportunity;
●	stage of business development;
●	the market acceptance of the potential products and services;
●	proprietary features and degree of intellectual property; and
●	the regulatory environment that may be applicable to any prospective business opportunity.

The foregoing criteria are not intended to be exhaustive and there may be other criteria that Management may deem relevant. In connection with an evaluation of a prospective or potential business opportunity, Management may be expected to conduct a due diligence review.

The time and costs required to pursue new business opportunities, which includes negotiating and documenting relevant agreements and preparing requisite documents for filing pursuant to applicable securities laws, ~~can~~cannot ~~not~~ be ascertained with any degree of certainty.

Management intends to devote such time as it deems necessary to carry out the Company’s affairs. The exact length of time required for the pursuit of any new potential business opportunities is uncertain. No assurance can be made that we will be successful in our efforts. We cannot project the amount of time that our Management will actually devote to the Company’s plan of operation.

The Company intends to conduct its activities so as to avoid being classified as an “Investment Company” under the Investment Company Act of 1940, and therefore avoid application of the costly and restrictive registration and other provisions of the Investment Company Act of 1940 and the regulations promulgated thereunder.Competition

~~Company~~In identifying, evaluating and selecting a target isbusiness, we expect to encounter intense competition from other entities having a ~~Blank~~business ~~Check~~objective ~~Company~~similar to ours. Many of these entities are well established and have extensive experience identifying and effecting business combinations, either directly or through affiliates. Many if not virtually most of these competitors possess far greater financial, human and other resources compared to our resources. While we believe that there are numerous potential target businesses that we may identify, our ability to compete in acquiring certain of the more desirable target businesses will be limited by our limited financial and human resources. Our inherent competitive limitations are expected by Management to give others an advantage in pursuing the acquisition of a target business that we may identify and seek to pursue. Further, any of these limitations may place us at a competitive disadvantage in successfully negotiating a business combination. Our Management believes, however, that our status as a reporting public entity with potential access to the United States public equity markets may give us a competitive advantage over certain privately-held entities having a similar business objective in acquiring a desirable target business with growth potential on favorable terms.

If we succeed in effecting a business combination, there will be, in all likelihood, intense competition from existing competitors of the business we acquire. In particular, certain industries which experience rapid growth frequently attract an increasingly larger number of competitors, including those with far greater financial, marketing, technical and other resources than the initial competitors in the industry in which we seek to operate. The degree of competition characterizing the industry of any prospective target business cannot presently be ascertained. We cannot assure you that, subsequent to a business combination, we will have the resources to compete effectively, especially to the extent that the target business is in a high-growth industry.

Human Capital

Lei Xu, our Chief Executive Officer, president, secretary and treasurer, is our sole executive officer. Ms. Xu is not obligated to devote any specific number of hours per week and, in fact, intends to devote only as much time as she deems reasonably necessary to administer the Company’s affairs until such time as a business combination is consummated. The amount of time she will devote in any time period will vary based on the availability of suitable target businesses to investigate. We do not intend to have any full-time employees prior to the consummation of a business combination.

Available Information

The SEC maintains a website that contains our reports, proxy and information statements, and our other SEC filings. The address of the SEC’s website is www.sec.gov.

ITEM 1A. RISK FACTORS

We are a blank check company.

At present, the Company is a development stage company with no revenues, no assets and no specific business plan or purpose. The Company’s business plan is to seek new business opportunities or to engage in a merger or acquisition with an unidentified company. As a result, the Company is a “blank check company” and, as a result, any offerings of the Company’s securities under the Securities Act of 1933, as amended (the “Securities Act”) must comply with Rule 419 promulgated by the Securities and Exchange Commission (the “SEC”) under the Act. The Company’s Common Stock is a “penny stock,” as defined in Rule 3a51-1 promulgated by the SEC under the Securities Exchange Act. The Penny Stock rules require a broker-dealer, prior to a transaction in penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about Penny Stocks and the nature and level of risks in the penny stock market.

The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its sales person in the transaction, and monthly account statements showing the market value of each Penny Stock held in the customer’s account. In addition, the Penny Stock rules require that the broker-dealer, not otherwise exempt from such rules, must make a special written determination that the Penny Stock is suitable for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure rules have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the Penny Stock rules. So long as the common stock of the Company is subject to the Penny Stock rules, it may be more difficult to sell the Company’s common stock.

We are a “Shell Company,” as defined in Rule 405 promulgated by the SEC under the Securities Act. A Shell Company is one that has no or nominal operations and either: (i) no or nominal assets; or (ii) assets consisting primarily of cash or cash equivalents. As a Shell Company, we are restricted in our use of Registrations on Form S-8 under the Securities Act; and are subject to the lack of availability of the use of Rule 144 by security holders; and the lack of liquidity in our stock.

~~Form~~Our auditors have expressed substantial doubt about our ability ~~S-8~~to continue as a going concern.

~~Shell companies~~Our ~~are~~audited ~~prohibited~~financial ~~from~~statements ~~using~~for ~~Form~~the ~~S-8~~years ended toDecember ~~register~~31, ~~securities~~2020 ~~under~~and 2019, were prepared using the ~~Securities~~assumption ~~Act.~~that Ifwe awill ~~company~~continue ~~ceases~~our tooperations beas a ~~Shell Company,~~going itconcern. ~~may~~Our ~~use~~independent accountants ~~Form~~in ~~S-8~~their ~~sixty~~audit ~~calendar~~report ~~days,~~have ~~provided~~expressed itsubstantial ~~has~~doubt ~~filed~~about ~~all~~our ~~reports~~ability ~~and~~to ~~other~~continue ~~materials~~as ~~required~~a togoing beconcern. ~~filed~~Our ~~under~~operations are ~~the~~dependent ~~Exchange~~on ~~Act~~our ~~during~~ability ~~the~~to ~~preceding~~raise 12sufficient ~~months~~capital (or ~~for~~complete ~~such~~business ~~shorter~~combination ~~period~~as ~~that~~a itresult ~~has~~of ~~been~~which ~~required~~we tobecome ~~file~~profitable. ~~such~~Our ~~reports and~~financial ~~materials~~statements ~~after~~do ~~the~~not ~~company~~include ~~files~~any ~~“Form~~adjustments 10that ~~information,”~~may ~~which~~result isfrom ~~information~~the ~~that~~outcome aof ~~company~~this ~~would~~uncertainty. beThere ~~required~~is not enough cash on hand to fund ~~file~~our inadministrative aexpenses ~~registration~~and ~~statement~~operating onexpenses ~~Form~~for 10the ifnext ittwelve ~~were~~months. ~~registering~~Therefore, awe ~~class~~may ofbe ~~securities~~unable ~~under~~to ~~Section~~continue 12operations ofin the future ~~Exchange~~as ~~Act. This~~a ~~information~~going ~~would~~concern. ~~normally~~If bewe ~~reported~~cannot oncontinue as a ~~current~~viable ~~report~~entity, onour ~~Form~~stockholders ~~8-K~~may ~~reporting~~lose ~~the~~some ~~completion~~or all of atheir ~~transaction~~investment ~~that~~in ~~caused~~ the Company’s ~~company~~shares toof ~~cease~~common ~~being a Shell Company~~stock.

~~Unavailability~~We are a shell company, and therefore the holders of our securities may not rely on Rule 144 to have the restriction removed from their securities without registration or until the Company is no longer identified as a shell company and has filed all requisite periodic reports under the Exchange Act for ~~Resale~~the period of twelve (12) months.

Rule 144(i) “Unavailability to Securities of Issuers With No or Nominal Operations and No or Nominal Non-Cash Assets” provides that Rule 144 is not available for the resale of securities initially issued by an issuer that is a Shell Company. We have identified our company as a Shell Company and, therefore, the holders of our securities may not rely on Rule 144 to have the restriction removed from their securities without registration or until the Company is no longer identified as a Shell Company and has filed all requisite periodic reports under the Exchange Act for the period of twelve (12) months.

As a result of our classification as a Shell Company, our investors are not allowed to rely on the “safe harbor” provisions of Rule 144, promulgated pursuant to the Securities Act, so as not to be considered underwriters in connection with the sale of our securities until one year from the date that we cease to be a Shell Company. This will likely make it more difficult for us to attract additional capital through subsequent unregistered offerings because purchasers of securities in such unregistered offerings will not be able to resell their securities in reliance on Rule 144, a safe harbor on which holders of restricted securities usually rely to resell securities.

~~Very Limited~~There ~~Liquidity~~is ofonly limited liquidity in our ~~Common~~common ~~Stock~~stock.

Our common stock occasionally trades on the OTC Pink Sheet Market, as there is no active market maker in our common stock. As a result, there is only limited liquidity in our common stock.

WeThe provisions of Rule 419 apply to registration statements filed ~~will~~under bethe ~~deemed~~Securities Act by a blank check company, ~~under~~such ~~Rule~~as ~~419 of~~ the ~~Securities~~Company. ~~Act~~

~~The provisions of~~ Rule 419 ~~apply to registration statements filed under the Securities Act by a blank check company, such as the Company. Rule 419~~ requires that a blank check company filing a registration statement deposit the securities being offered and proceeds of the offering into an escrow or trust account pending the execution of an agreement for an acquisition or merger. While we are not currently registering shares for an offering, we may do so in the future.

In addition, an issuer is required to file a post-effective amendment to a registration statement upon the execution of an agreement for an acquisition or merger. The rule provides procedures for the release of the offering funds, if any, in conjunction with the post effective acquisition or merger. The obligations to file post-effective amendments are in addition to the obligations to file Forms 8-K to report for both the entry into a material definitive (non-ordinary course of business) agreement and the completion of the transaction. Rule 419 applies to both primary and re-sale or secondary offerings.

Within five (5) days of filing a post-effective amendment setting forth the proposed terms of an acquisition, the Company must notify each investor whose shares are in escrow, if any. Each such investor then has no fewer than 20 and no greater than 45 business days to notify the Company in writing if they elect to remain an investor. A failure to reply indicates that the person has elected to not remain an investor. As all investors are allotted this second opportunity to determine to remain an investor, acquisition agreements should be conditioned upon enough funds remaining in escrow to close the transaction.

~~Effecting~~Prospective investors in the Company’s common stock will anot have an opportunity to evaluate the specific merits or risks of any of the one or more business ~~combination~~combinations that we may undertake.

Prospective investors in the Company’s common stock will not have an opportunity to evaluate the specific merits or risks of any of the one or more business combinations that we may undertake. A business combination may involve the acquisition of, or merger with, a company which needs to raise substantial additional capital by means of being a publicly trading company, while avoiding what it may deem to be adverse consequences of undertaking a public offering itself. These include time delays, significant expense, loss of voting control and compliance with various Federal and State securities laws. A business combination may involve a company which may be financially unstable or in its early stages of development or growth.

4We are looking for a target business.

The Company has not identified a target business or target industry

The Company’s effort in identifying a prospective target business will not be limited to a particular industry and the Company may ultimately acquire a business in any industry Management deems appropriate. To date, the Company has not selected any target business on which to concentrate our search for a business combination. While the Company intends to focus on target businesses in the United States, it is not limited to U.S. entities and may consummate a business combination with a target business outside of the United States. Accordingly, there is no basis for investors in the Company’s common stock to evaluate the possible merits or risks of the target business or the particular industry in which we may ultimately operate. To the extent we effect a business combination with a financially unstable company or an entity in its early stage of development or growth, including entities without established records of sales or earnings, we may be affected by numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, to the extent that we effect a business combination with an entity in an industry characterized by a high level of risk, we may be affected by the currently unascertainable risks of that industry. An extremely high level of risk frequently characterizes many industries which experience rapid growth. In addition, although the Company’s Management will endeavor to evaluate the risks inherent in a particular industry or target business, we cannot assure you that we will properly ascertain or assess all significant risk factors.

~~Sources of target businesses~~5

Our Management anticipates that target business candidates will be brought to our attention from various unaffiliated sources, including securities broker-dealers, investment bankers, venture capitalists, bankers and other members of the financial community, who may present solicited or unsolicited proposals. Our Management may also bring to our attention target business candidates. While we do not presently anticipate engaging the services of professional firms that specialize in business acquisitions on any formal basis, we may engage these firms in the future, in which event we may pay a finder’s fee or other compensation in connection with a business combination. In no event, however, will we pay Management any finder’s fee or other compensation for services rendered to us prior to or in connection with the consummation of a business combination.

~~Selection~~Management ofwill ahave ~~target~~broad ~~business~~flexibility ~~and~~in ~~structuring~~identifying ofand selecting a ~~business~~prospective ~~combination~~target business.

Management ~~owns 57.45% of the issued and outstanding shares of common stock of the Company, and~~ will have broad flexibility in identifying and selecting a prospective target business. In evaluating a prospective target business, our Management will consider, among other factors, the following:

●	financial condition and results of operation of the target company;
●	growth potential;
●	experience and skill of Management and availability of additional personnel;
●	capital requirements;
●	competitive position;
●	stage of development of the products, processes or services;
●	degree of current or potential market acceptance of the products, processes or services;
●	proprietary features and degree of intellectual property or other protection of the products, processes or services;
●	regulatory environment of the industry; and
●	costs associated with effecting the business combination.

These criteria are not intended to be exhaustive. Any evaluation relating to the merits of a particular business combination will be based, to the extent relevant, on the above factors as well as other considerations deemed relevant by our Management in effecting a business combination consistent with our business objective. In evaluating a prospective target business, we will conduct a due diligence review which will encompass, among other things, meetings with incumbent Management and inspection of facilities, as well as review of financial and other information which will be made available to us.

We will endeavor to structure a business combination so as to achieve the most favorable tax treatment to us, the target business and both companies’ stockholders. However, there can be no assurance that the Internal Revenue Service or applicable state tax authorities will necessarily agree with the tax treatment of any business combination we consummate.

The time and costs required to select and evaluate a target business and to structure and complete the business combination cannot presently be ascertained with any degree of certainty. Any costs incurred with respect to the identification and evaluation of a prospective target business with which a business combination is not ultimately completed will result in a loss to us.

5While we may seek to effect business combinations with more than one target business, it is more probable that we will only have the ability to effect a single business combination, if at all.

~~Probable~~Accordingly, the prospects for our success may be entirely dependent upon the future performance of a single business. Unlike other entities which may have the resources to complete several business combinations with entities operating in multiple industries or multiple areas of a single industry, it is probable that we will lack the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. By consummating a business combination with only a single entity, our lack of diversification may:

While we may seek to effect business combinations with more than one target business, it is more probable that we will only have the ability to effect a single business combination, if at all. Accordingly, the prospects for our success may be entirely dependent upon the future performance of a single business. Unlike other entities which may have the resources to complete several business combinations with entities operating in multiple industries or multiple areas of a single industry, it is probable that we will lack the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. By consummating a business combination with only a single entity, our lack of diversification may:

●	subject us to numerous economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact upon the particular industry in which we may operate subsequent to a business combination, and
●	result in our dependency upon the development or market acceptance of a single or limited number of products, processes or services.

Limited ability to evaluate the target business’ Management

We cannot assure you that our assessment of the target business’ Management will prove to be correct. In addition, we cannot assure you that the future Management will have the necessary skills, qualifications or abilities to man

age a public company intending to embark on a program of business development. Furthermore, the future role of our director, if any, in the target business cannot presently be stated with any certainty.

While it is possible that our director will remain associated in some capacity with us following a business combination, it is unlikely that he will devote his full efforts to our affairs subsequent to a business combination. Moreover, we cannot assure you that our director will have significant experience or knowledge relating to the operations of the particular target business.

Following a business combination, we may seek to recruit additional managers to supplement the incumbent Management of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers will have the requisite skills, knowledge or experience necessary to enhance the incumbent Management.

Our auditors have expressed substantial doubt about our ability to continue as a going concern

Our audited financial statements for the years ended December 31, 2019 and 2017, were prepared using the assumption that we will continue our operations as a going concern. Our independent accountants in their audit report have expressed substantial doubt about our ability to continue as a going concern. Our operations are dependent on our ability to raise sufficient capital or complete business combination as a result of which we become profitable. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty. There is not enough cash on hand to fund our administrative expenses and operating expenses for the next twelve months. Therefore, we may be unable to continue operations in the future as a going concern. If we cannot continue as a viable entity, our stockholders may lose some or all of their investment in the Company’s shares of common stock.

Competition

In identifying, evaluating and selecting a target business, we expect to encounter intense competition from other entities having a business objective similar to ours. Many of these entities are well established and have extensive experience identifying and effecting business combinations, either directly or through affiliates. Many if not virtually most of these competitors possess far greater financial, human and other resources compared to our resources. While we believe that there are numerous potential target businesses that we may identify, our ability to compete in acquiring certain of the more desirable target businesses will be limited by our limited financial and human resources. Our inherent competitive limitations are expected by Management to give others an advantage in pursuing the acquisition of a target business that we may identify and seek to pursue. Further, any of these limitations may place us at a competitive disadvantage in successfully negotiating a business combination. Our Management believes, however, that our status as a reporting public entity with potential access to the United States public equity markets may give us a competitive advantage over certain privately-held entities having a similar business objective in acquiring a desirable target business with growth potential on favorable terms.

~~Employees~~We cannot assure you that our assessment of the target business’s Management will prove to be correct.

~~David~~We ~~Lazar,~~cannot ~~our~~assure ~~Chief~~you ~~Executive~~that ~~Officer,~~after isthe ~~our~~business ~~sole~~combination ~~executive officer. Mr. Lazar~~ is ~~not~~completed, ~~obligated~~the tofuture ~~devote~~Management ~~any~~will ~~specific~~have ~~number~~the ~~of hours~~necessary ~~per week and~~skills, inqualifications or ~~fact,~~abilities ~~intends~~ to ~~devote~~manage ~~only~~a aspublic ~~much~~company ~~time~~intending ~~as he deem reasonably necessary~~ to ~~administer~~embark ~~the~~on ~~Company's~~a ~~affairs until~~program ~~such~~of ~~time as a~~ business ~~combination~~development. isFurthermore, ~~consummated.~~the ~~The~~future ~~amount~~role of ~~time~~our director, heif ~~will~~any, ~~devote~~ in ~~any time period will vary based on~~ the ~~availability of suitable~~ target ~~businesses~~business tocannot ~~investigate.~~presently Webe dostated ~~not~~with ~~intend to have~~ any ~~full-time employees prior to the consummation of a business combination~~certainty.

~~Prior~~Following toa ~~being~~business ~~granted custodianship of the Company~~combination, ~~Mr.~~we ~~Lazar~~may ~~had~~seek noto ~~previous~~recruit ~~experience~~additional ~~with~~managers ~~blank~~to ~~check~~supplement ~~companies.~~the ~~Mr.~~incumbent ~~Lazar~~Management ~~was also been granted custodianship~~ of ~~Guozi~~the ~~Zhongyu~~target ~~Capital~~business. ~~Holdings~~We cannot ~~(formerly,~~assure ~~Melt,~~you ~~Inc.)~~that ~~and~~we ~~Cang~~will ~~Bao~~have ~~Tian~~the ~~Xia~~ability ~~International~~to ~~Art Trade~~recruit ~~Center,~~additional ~~Inc. (formerly~~managers, ~~Zhongchai~~or ~~Machinery,~~that ~~Inc.),~~additional ~~both~~managers ofwill ~~which~~have ~~were~~the ~~blank~~requisite ~~check~~skills, knowledge ~~companies~~or ~~and~~experience ~~both~~necessary ofto ~~which~~enhance ~~filed~~the aincumbent ~~Form 10~~Management.

~~Conflicts~~ITEM of1B. ~~Interest~~UNRESOLVED STAFF COMMENTS

~~The Company's Management is not required to commit its full time to the Company's affairs.~~ As ~~a result, pursuing new business opportunities~~ ~~may require~~ a ~~longer~~“smaller ~~period~~reporting of time than if Management would devote full time to the Company's affairs. Management is not precluded from serving as an officer or director of any other entity that is engaged in business activities similar to those of the Company. Management has not identified and is not currently negotiating a new business opportunity for us. In the futurecompany,” ~~Management may become associated or affiliated with entities engaged in business activities similar to those~~ we ~~intend~~are tonot ~~conduct.~~required ~~In such event, Management may have conflicts of interest in determining~~ to ~~which~~provide ~~entity a particular business opportunity should be presented. In~~ the ~~event~~information ~~that~~required ~~the~~by ~~Company's~~this ~~Management has multiple business affiliations, our Management may have legal obligations to present certain business opportunities to multiple entities~~Item. In the event that a conflict of interest shall arise, Management will consider factors such as reporting status, availability of audited financial statements, current capitalization and the laws of jurisdictions. If several business opportunities or operating entities approach Management with respect to a business combination, Management will consider the foregoing factors as well as the preferences of the Management of the operating company. However, Management will act in what it believes will be in the best interests of the shareholders of the Company. The Company shall not enter into a transaction with a target business that is affiliated with Management.

~~Description~~ITEM of2. ~~Property and Facilities~~ PROPERTIES

The Company’s corporate office is located at ~~3445~~House ~~Lawrence~~1E1, ~~Avenue~~Zhuoyue Weigang North, ~~Oceanside~~Nanshan District, NYShenzhen, ~~11572~~P.R. China 518000, which space is provided to us on a rent-free basis. The Company believes that the office facilities are sufficient for the foreseeable future and this arrangement will remain until we find a new business opportunity.

~~Item~~ITEM 1A3. ~~Risk~~LEGAL ~~Factors~~PROCEEDINGS

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

Item 1B. Unresolved Staff Comments

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

Item 2. Properties

The Company’s corporate office is located at 3445 Lawrence Avenue, Oceanside, NY 11572, which space is provided to us on a rent-free basis. The Company believes that the office facilities are sufficient for the foreseeable future and this arrangement will remain until we find a new business opportunity.

Item 3. Legal Proceedings

We know of no material, existing or pending legal proceedings against us, 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 company.

~~Item~~ITEM 4. ~~Mine~~MINE ~~Safety~~SAFETY ~~Disclosures~~DISCLOSURES

Not applicable.

PART II

~~Item~~ITEM 5. ~~Market~~MARKET ~~for~~FOR ~~Registrant~~REGISTRANT’sS ~~Common~~COMMON ~~Equity~~EQUITY, ~~Related~~RELATED ~~Stockholder~~STOCKHOLDER ~~Matters~~MATTERS ~~and~~AND ~~Issuer~~ISSUER ~~Purchases~~PURCHASES ofOF ~~Equity~~EQUITY ~~Securities~~SECURITIES

Our common stock is quoted on the Financial Industry Regulatory Authority’s OTC Bulletin Board under the symbol “SHNL”. The following quotations obtained from Yahoo! Finance reflect the highs and low bids for our common stock based on inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.”

The high and low bid prices of our common stock for the previous two fiscal years are as follows:

Quarter Ended	High		Low
December 31, 2019	$	0.22	$	0.11
September 30, 2019	$	0.185	$	0.085
June 30, 2019	$	0.20	$	0.10
March 31, 2019	$	0.1186	$	0.10
December 31, 2018	$	0.15	$	0.06
September 30, 2018		$0. 0.38	$	0.08
June 30, 2018	$	0.15	$	0.04
March 31, 2018	$	0.95	$	0.015

Transfer Agent

Our transfer agent for our common stock is Empire Stock Transfer, Inc. They are located at 1859 Whitney Mesa Drive, Henderson, NV 89014. Tel: 702 818-5898 Fax: 702 974-1444.

Holders of Common Stock

As of ~~January~~September 292, ~~2020~~2021, we had approximately 8595 registered shareholders holding 20,000,000 shares of our common stock.

Dividends

We have not declared any dividends since incorporation and do not anticipate that we will do so in the foreseeable future. Our directors will determine if and when dividends should be declared and paid in the future based on our financial position at the relevant time. All shares of our common stock are entitled to an equal share of any dividends declared and paid.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

On November 19, 2019, Custodian Ventures, LLC exchanged its 27,000,000 shares of common stock for 10,000,000 shares of Series A Preferred Stock of the Company.

The issuances were completed pursuant to Section 4(a)(2) of the Securities Act.

~~Item~~Recent 6.Sales ~~Selected~~of ~~Financial~~Unregistered ~~Data~~Securities; Use of Proceeds from Registered Securities

We have not sold any equity securities during the 2020 fiscal year that were not previously disclosed in a quarterly report on Form 10-Q or a current report on Form 8-K that was filed during the 2020 fiscal year.

Purchases of Equity Securities

No repurchases of equity securities were made during the fiscal year of 2020.

ITEM 6. SELECTED FINANCIAL DATA

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

~~Item~~ITEM 7. ~~Management~~MANAGEMENT’sS ~~Discussion~~DISCUSSION ~~and~~AND ~~Analysis~~ANALYSIS ofOF ~~Financial~~FINANCIAL ~~Condition~~CONDITION ~~and~~AND ~~Results~~RESULTS ofOF ~~Operations~~OPERATIONS

Results of Operations

For the year ended December 31, ~~2019~~2020 compared to the year ended December 31, ~~2018~~2019

Revenue

For the year ended December 31, ~~2019~~2020, the Company generated $0 in revenues. For the year ended December 31, ~~2018~~2019, the Company generated $0 in revenues.

Expenses

For the year ended December 31, ~~2019~~2020, we incurred operating expenses in the amount of $144,~~436,367~~893. For the year ended December 31, ~~2018~~ 2019, we incurred operating expenses of $461,~~635~~436,367. The ~~increase~~decrease is due to ~~increased~~the absence of consulting fees of $1,400,000 associated with the preferred stock issuance aswhich ~~well~~occurred asin ~~accounting and legal fees associated with the preparation and filing of the Company’s Form 10 and periodic reports with the Securities and Exchange Commission~~2019.

Net Loss

We had net loss of $144,~~436,367~~893 for the year ended December 31, ~~2019~~2020. For the year ~~months~~ ended December 31, ~~2018~~2019, we incurred a net loss of $461,~~503~~436,367. The ~~increase~~decrease is due to ~~increased~~the absence of consulting fees of $1,400,000 associated with the preferred stock issuance ~~as well~~which asoccurred ~~accounting~~in ~~and legal fees associated with the preparation and filing of the Company’s Form 10 and periodic reports with the Securities and Exchange Commission~~2019.

Liquidity

As of December 31, ~~2019~~2020, the Company has no business operations and no cash resources other than that provided by Management. We are dependent upon interim funding provided by Management or an affiliated party to pay professional fees and expenses. Our Management and an affiliated party have agreed to provide funding as may be required to pay for accounting fees and other administrative expenses of the Company until the Company enters into a business combination. The Company would be unable to continue as a going concern without interim financing provided by Management. As of December 31, ~~2019~~2020, we had $0 in cash. As of December 31, ~~2018~~2019, we had $0 in cash.

If we require additional financing, we cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all. The Company depends upon services provided by Management and an affiliated party to fulfill its filing obligations under the Exchange Act. At present, the Company has no financial resources to pay for such services.

The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing ~~business~~ business combinations, maintaining the filing of Exchange Act reports, the investigation, analyzing, and consummation of an acquisition for an unlimited period of time will be paid from additional money contributed by ~~David~~Lei ~~Lazar~~Xu, our sole officer and director, or an affiliated party.

During the next 12 months we anticipate incurring costs related to:

●	filing of Exchange Act reports.
●	franchise fees, registered agent fees, legal fees and accounting fees, and
●	investigating, analyzing and consummating an acquisition or business combination.

We estimate that these costs will be in the range of five to six thousand dollars per year, and that we will be able to meet these costs as necessary, to be advanced/loaned to us by Management and/or an affiliated party.

On December 31, ~~2019~~2020 and December 31, ~~2018~~2019, we have had $0 in current assets ~~and $7,632 in current assets, respectively~~. As of December 31, ~~2019~~2020, we had $8336,~~039~~126 in liabilities, consisting of accounts payable and a Loan payable due to our ~~CEO~~Management and controlling shareholder. As of December 31, ~~2018~~ 2019, we had $2783,~~135~~039 in liabilities.

We had a ~~positive~~negative cash flow from operations of $~~331~~38,496 during the year ended December 31, ~~2019~~2020, mainly due to a net loss of $144,~~436,367~~893. We We financed our negative cash flow from operations during the year ended December 31, ~~2019~~2020 through advances made by our ~~CEO~~Management and controlling shareholder.

We had $1338,~~385~~496 cash flow used in operations during the year ended December 31, ~~2018~~2020. The Company currently plans to satisfy its cash ~~requirements~~ requirements for the next 12 months through borrowings from its CEO or companies affiliated with its CEO and believes it can satisfy its cash requirements so long as it is able to obtain financing from these affiliated parties. The Company expects that money borrowed will be used during the next 12 months to satisfy the Company’s operating costs, professional fees and for general corporate purposes. There is no written funding agreement between the Company and MrMs. ~~Lazar~~Lei Xu, our sole officer and director.

OnThe ~~May 31, 2018, the~~ Company ~~obtained~~has aonly ~~promissory~~limited ~~note~~capital. inAdditional ~~amount~~financing ofis ~~$7,500~~necessary ~~from~~for ~~its~~the ~~custodian,~~Company ~~Custodian~~to ~~Ventures,~~continue ~~LLC,~~as ~~the~~a ~~managing member~~going ~~being David Lazar~~concern. ~~The~~Our ~~note~~independent ~~bears~~auditors have anunqualified ~~interest~~audit ofopinion 3%for ~~and all unpaid interest and principal is due within 180 days following written demand. During~~ the ~~year~~years ended December 31, ~~2019,~~2020 ~~Custodian Ventures, LLC paid on behalf of the company a total of $36,669 to the Company for registration, legal~~ and ~~accounting fees. As of December 31,~~ 2019, ~~the~~with ~~company~~an ~~had~~explanatory aparagraph ~~loan~~on ~~payable~~going ~~remaining of $54,560 to Custodian Ventures, LLC~~concern. ~~This loan is unsecured, non-interest bearing, and has no specific terms for repayment.~~

The Company has only limited capital. Additional financing is necessary for the Company to continue as a going concern. Our independent auditors have unqualified audit opinion for the years ended December 31, 2019 and 2018 with an explanatory paragraph on going concern.

Off-Balance Sheet Arrangements

As of December 31, ~~2019~~2020 and ~~2018~~2019, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

Contractual Obligations and Commitments

As of December 31, ~~2019~~2020 and ~~2018~~2019, we did not have any contractual obligations.

Critical Accounting Policies

Our significant accounting policies are described in the notes to our financial statements for the year ended December 31, ~~2019~~2020 and ~~2018,~~ 2019, and are included elsewhere in this registration statement.

Going Concern

The financial statements accompanying this report have been prepared on a going concern basis, which implies that our company will ~~continue~~ continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our company has not generated revenues since ~~inception~~its revival on May 18, 2018 and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As at December 31, ~~2019~~2020, our company has an accumulated deficit of $2,~~059~~104,~~703~~596. We do not have sufficient working capital to enable us to carry out our plan of operation for the next twelve months.

Due to the uncertainty of our ability to meet our current operating expenses and the capital expenses noted above in their report on the financial statements for the year ended December 31, ~~2019~~2020, our independent auditors included an explanatory paragraph regarding ~~concerns~~ concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

The continuation of our business is dependent upon us raising additional financial support. 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, assuming those loans would be available, will increase our liabilities and future cash commitments.

Critical Accounting Policies

The financial statements and the related notes of our company are prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars.

Use of Estimates

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make 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. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Recent Accounting Pronouncements

In February 2016, the FASB issued an accounting standards update for leases. The ASU introduces a lessee model that brings most leases on on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in the current accounting guidance as well as the FASB’s new revenue recognition standard. However, the ASU eliminates the use of bright-line tests in determining lease classification as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The pronouncement is effective for annual reporting periods beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020, for nonpublic entities using a modified retrospective approach. Early adoption is permitted. The Company isdoes ~~still~~not ~~evaluating~~anticipate ~~the impact~~ that ~~the~~this ~~new accounting~~pronouncement ~~guidance~~ will have any impact on its ~~consolidated~~ financial statements ~~and related disclosures and has not yet determined the method by which it will adopt the standard~~.

~~Item~~ITEM 7A. ~~Quantitative~~QUANTITATIVE ~~and~~AND ~~Qualitative~~QUALITATIVE ~~Disclosures~~DISCLOSURES ~~About~~ABOUT ~~Market~~MARKET ~~Risk~~RISK

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

Item 8. Financial Statements and Supplementary Data

The financial statements required by this item are located following the signature page of this Annual Report.

Item 9. Changes in and Disagreements with Accountants On Accounting And Financial Disclosure

None.

ITEM 9A8. FINANCIAL ~~CONTROLS~~STATEMENTS AND ~~PROCEDURES~~SUPPLEMENTARY DATA

~~Evaluation~~FINANCIAL ~~of Disclosure Controls and Procedures~~STATEMENTS

~~Under~~SHENTANG ~~the supervision and with the participation of our management~~INTERNATIONAL, David Lazar, who is our Chief executive officer and Chief financial officer, as of December 31, 2019, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amendedINC. Based on this evaluation, our Chief Executive Officer has concluded that, based on the material weaknesses discussed below, our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act were recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Act Commission's rules and forms and that our disclosure controls are not effectively designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to management, including our Chief Executive Officer, as appropriate to allow timely decisions regarding required disclosure.

~~Management's~~CONSOLIDATED ~~Annual~~FINANCIAL ~~Report on Internal Control over Financial Reporting~~STATEMENTS

~~Management~~FOR isTHE ~~responsible~~YEARS for establishing and maintaining adequate internal control over financial reporting. As defined in Rules 13a-15(f) under the Securities Exchange Act of 1934, internal control over financial reporting is a process designed by, or under the supervision of, Sandor Miklos, the Company's Chief Executive Officer, and effected by the Company's board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.ENDED

~~The~~DECEMBER ~~Company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records~~31, ~~that,~~2020 inAND reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company's assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of the Company's management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.2019

~~Because~~TABLE ofOF its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.CONTENTS

Our management, including our principal executive officer and principal financial officer, assessed the effectiveness of our internal control over financial reporting at December 31, 2019. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on that assessment under those criteria, management has determined that, as of December 31, 2019, our internal control over financial reporting was not effective.

Report of Independent Registered Public Accounting Firm	F-2
Balance Sheets as of December 31, 2020 and 2019	F-3
Statements of Operations for the Years Ended December 31, 2020 and 2019	F-4
Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 2020 and 2019	F-5
Statements of Cash Flows for the Years Ended December 31, 2020 and 2019	F-6
Notes to Financial Statements	F-7

Our internal controls are not effective for the following reasons: (i) there is an inadequate segregation of duties consistent with control objectives as management is comprised of only two persons, one of which is the Company's principal executive officer and principal financial officer and, (ii) the Company does not have an audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process.

In order to mitigate the foregoing material weakness, we have engaged an outside accounting consultant with significant experience in the preparation of financial statements in conformity with GAAP to assist us in the preparation of our financial statements to ensure that these financial statements are prepared in conformity with GAAP. We will continue to monitor the effectiveness of this action and make any changes that our management deems appropriate.

We would need to hire additional staff to provide greater segregation of duties. Currently, it is not feasible to hire additional staff to obtain optimal segregation of duties. Management will continue to reassess this matter to determine whether improvement in segregation of duty is feasible. In addition, we would need to expand our board to include independent members.

Going forward, we intend to evaluate our processes and procedures and, where practicable and resources permit, implement changes in order to have more effective controls over financial reporting.

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to the exemption provided to issuers that are not "large accelerated filers" nor "accelerated filers" under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during our fourth fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART III

Item 10. Directors, Executive Officers and Corporate Governance

The following table sets forth the names and ages of the member of our Board of Director and our executive officers and the positions held by each.

Name		Age		Title
David Lazar		29		CEO and Chairman

David Lazar, 29, has been CEO and Chairman of the Company since May 16, 2018. David Lazar is a private investor with business experience. Mr. Lazar has been a partner at Zenith Partners International since 2013, where he specializes in research and development, sales and marketing. From 2014 through 2015, David was the Chief Executive Officer of Dico, Inc., which was then sold to Peekay Boutiques. Since February of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting distressed public companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes in active investing in distressed public companies. David has a diverse knowledge of financial, legal and operations management; public company management, accounting, audit preparation, due diligence reviews and SEC regulations. David Lazar is also the sole officer and director of Guozi Zhongyu Capital Holdings (formerly, Melt, Inc.) and Cang Bao Tian Xia International Art Trade Center, Inc. (formerly, Zhongchai Machinery, Inc.), both of which are blank check companies.

Other expertise includes early stage company capital restructuring, debt financing, capital introductions, and mergers and acquisitions.

Mr. Lazar was selected to serve as a director due to his knowledge of the capital markets, his judgment in assessing business strategies and accompanying risks, and his expertise with emerging growth companies. David Lazar is the Company’s sole promoter.

Our director holds office until the next annual meeting of stockholders and until his successors have been duly elected and qualified. There are no agreements with respect to the election of directors. We do not compensate our directors. Officers are appointed annually by the Board of Directors and each executive officer serves at the discretion of the Board of Directors. We do not have any standing committees at this time.

Our director, officer or affiliates have not, within the past five years, filed any bankruptcy petition, been convicted in or been the subject of any pending criminal proceedings, or is any such person the subject or any order, judgment or decree involving the violation of any state or federal securities laws.

Term of Office

Our directors are appointed for a one-year term to hold office until the next annual general meeting of our stockholders or until removed from office in accordance with our bylaws. Our officers are appointed by our Board of Directors and holds office until removed by the Board of Directors.

Family Relationships

There are no family relationships between any of our directors or executive officers.

Involvement in Legal Proceedings

To our knowledge, there have been no material legal proceedings that would require disclosure under the federal securities laws that are material to an evaluation of the ability of our director or executive officers.

Potential Conflicts of Interest

We are not aware of any current or potential conflicts of interest with our director or executive officers.

Board Committees

We have not formed an Audit Committee, Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this Annual Report. Our Board of Directors performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our Board of Directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit committee financial expert at this time.

Section 16(a) Beneficial Ownership Reporting Compliance

Code of Ethics

We currently do not have a code of ethics that applies to our officers, employees and director, including our Chief Executive Officer, however, we are in the process of formulating a code of ethics and intend to adopt one in the near future.

Item 11. Executive Compensation

No executive compensation was paid during the fiscal years ended December 31, 2019, 2018 and 2017. The Company has no employment agreement with any of its officers and directors.

Outstanding Equity Awards at Fiscal Year End

None of our executive officers received any equity awards, including, options, restricted stock or other equity incentives during the fiscal year ended December 31, 2019 and 2018.

Compensation of Directors

During the year ended December 31, 2019 and 2018, no officer received any compensation solely for service as a director.

Compensation Committee Interlocks and Insider Participation

During the fiscal years of 2019 and 2018, we did not have a standing compensation committee. Our board of directors was responsible for the functions that would otherwise be handled by the compensation committee. The sole director conducted deliberations concerning executive officer compensation, including directors who were also executive officers. David Lazar, as our sole director, has authority and discretion to determine his own compensation for serving as the Company’s President and Chief Executive Officer.

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

The following table sets forth information regarding the beneficial ownership of our common stock as of February 18, 2020. The information in this table provides the ownership information for: each person known by us to be the beneficial owner of more than 5% of our common stock; each of our directors; each of our executive officers; and our executive officers and directors as a group.

Beneficial ownership has been determined in accordance with the rules and regulations of the SEC and includes voting or investment power with respect to the shares. Unless otherwise indicated, the persons named in the table below have sole voting and investment power with respect to the number of shares indicated as beneficially owned by them.

Name of Beneficial Owner	Common Stock Beneficially Owned (1)		Percentage of Common Stock Owned (1)
David Lazar(2)		0		0	%
3445 Lawrence Avenue
Oceanside, NY 11572
Director and Officer (1 person)		0		0	%
Zhoming Chen C-22 World Trade Plaza 9 Fuhung Lu Futian Shenzen Shenzen, China		7,056,000		35.28	%

(1) Applicable percentage ownership is based on 20,000,000 shares of common stock outstanding as of February 18, 2020. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. Shares of common stock that are currently exercisable or exercisable within 60 days of February 18, 2020 are deemed to be beneficially owned by the person holding such securities for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.

(2) Custodian Ventures, LLC, of which David Lazar is the control person, holds 10,000,000 shares of Series A Preferred Stock, which vote at 99% of the outstanding voting power of the Company.

Item 13. Certain Relationship and Related Transactions, and Director Independence.

On May 31, 2018, the Company obtained a promissory note in amount of $7,500 from its custodian, Custodian Ventures, LLC, the managing member being David Lazar. The note bears an interest of 3% and all unpaid interest and principal is due within 180 days following written demand.

On May 31, 2018, the Company issued 27,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at $27,000 in exchange for settlement of a portion of a related party loan for amounts advanced to the Company in the amount of $19,500, and the promissory note issued to the Company in the amount $7,500. . On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by David Lazar. In addition, the company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the amount of $7,500 including interest. As of December 31, 2019, a total of $0 is due to the Company.

During the year ended December 31, 2019, Custodian Ventures, LLC advanced a total of $39,278 to the Company for payment of registration, legal and accounting fees. As of December 31, 2019, the company had a loan payable remaining of $54,560 to Custodian Ventures, LLC. This loan is unsecured, non-interest bearing, and has no specific terms for repayment.

Director Independence

David Lazar, a member of our Board of Directors, is not independent using the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the SEC.

Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The following table shows the aggregate fees we paid for professional services provided to us for 2019 and 2018:

	2019		2018
Audit Fees	$	8,100		10,000
Audit-Related Fees		0		0
Tax Fees		0		0
All Other Fees		0		0
Total	$	8,100		10,000

Audit Fees

For the year ended December 31, 2019 and 2018, we paid $8,100 and $10,000 respectively for professional services rendered for the audit and review of our financial statements.

Audit Related Fees

For the fiscal years ended December 31, 2019 and 2018, we paid approximately $0 and $0, respectively, for audit related services.

Tax Fees

For our fiscal years ended December 31, 2019 and 2018, we paid $0 and $0 respectively, for professional services rendered for tax compliance, tax advice, and tax planning.

All Other Fees

We did not incur any other fees related to services rendered by our independent registered public accounting firm for the fiscal years ended December 31, 2019 and 2018.

The SEC requires that before our independent registered public accounting firm is engaged by us to render any auditing or permitted non-audit related service, the engagement be either: (i) approved by our Audit Committee or (ii) entered into pursuant to pre-approval policies and procedures established by the Audit Committee, provided that the policies and procedures are detailed as to the particular service, the Audit Committee is informed of each service, and such policies and procedures do not include delegation of the Audit Committee’s responsibilities to management.

We do not have an Audit Committee. Our Board of Directors pre-approves all services provided by our independent registered public accounting firm. All of the above services and fees during 2019 were pre-approved by our Board of Directors. We do not have a record of the percentage of the above fees that were pre-approved in 2019. However, all of the above services in 2019 were reviewed and approved by our Board of Directors either before or after the respective services were rendered.

Item 15. Exhibits

The following exhibits are included with this report.

2		Notice of Entry of Order, dated May 11, 2018, Case No.: A-18-772247-P (Incorporated by reference from Form 10-12G, filed on August 8, 2018, Exhibit 2.)
3.1		Certificate of Incorporation – (Incorporated by reference from Form SB-2, filed on January 9, 2008, Exhibit 3.1)
3.2		By-laws (Incorporated by reference from Form SB-2,filed on January 9, 2008, Exhibit 3.2)
3.3		Amendment to Certificate of Incorporation – Change of Name (Incorporated by reference from Form 8-K, Current Report, dated August 20, 2009, Exhibit 3.1)
3.4		Certificate of Revival with the state of Nevada, dated May 16, 2018, appointing David Lazar as, President, Secretary, Treasurer and Director (Incorporated by reference from Form 10-12G, filed August 2, 2018, Exhibit 3.4).
3.5		Certificate of Designation for Series A Preferred Stock (Incorporated by reference from Form 8-K, Current report, dated January 28, 2020, Exhibit 3.1)
31.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a)
32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Schema Document
101.CAL		XBRL Calculation Linkbase Document
101.DEF		XBRL Definition Linkbase Document
101.LAB		XBRL Label Linkbase Document
101.PRE		XBRL Presentation Linkbase Document

SIGNATURE

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.

	SHENTANG INTERNATIONAL, INC.
Date: February 20, 2020	By:	/s/ David Lazar
		David Lazar, Chief Executive Officer and Chief Financial Officer (principal executive officer and principal financial and 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: February 20, 2020
	/s/ David Lazar
	David Lazar
	President, Chief Executive Officer and Chief Financial Officer, and Director (Principal Executive Officer and Principal Financial Officer)

Report of Independent Registered Public Accounting Firm	F-2
Financial Statements:
Balance Sheets as of December 31, 2019 and 2018	F-3
Statements of Operations for the Years Ended December 31, 2019 and 2018	F-4
Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 2019 and 2018	F-5
Statements of Cash Flows for the Years Ended December 31, 2019 and 2018	F-6
Notes to Financial Statements	F-7

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the board of directors of Shentang International, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Shentang International, Inc. (the “Company”) as of December 31, ~~2019~~ 2020 and ~~2018~~2019, the related statements of operations, stockholders’ equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, ~~2019~~2020 and ~~2018~~2019, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company’s significant operating losses raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

/s/ BF Borgers CPA PC
BF Borgers CPA PC

We have served as the Company’s auditor since 2019.

Lakewood, CO

~~February~~September 203, ~~2020~~2021

F-2

SHENTANG INTERNATIONAL, INC.

BALANCE SHEETS

	December 31, 2019			December 31, 2018
	December 31, 2020			December 31, 2019
ASSETS
CURRENT ASSETS:
Notes receivable – related party	$	-		$	7,632
Cash	$	-		$	-
Total current assets		-			~~7,632~~-
TOTAL ASSETS	$	-		$	~~7,632~~-
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	915,~~244~~353		$	69,~~250~~244
Loan payable – related party		5420,~~560~~773			2054,~~885~~560
Notes payable – related		~~19,235~~-			19,235
Total current liabilities		8336,~~039~~126			2783,~~135~~039
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT
Series A Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 10,000,000 shares issued and outstanding		10,000			-10,000
Common stock, par value $0.001 per share; 190,000,000 shares authorized; 20,000,000 and 47,000,000 shares issued and outstanding in 2019 and 2018, respectively		20,000			47,000
Common stock, par value $0.001 per share; 990,000,000 shares authorized; 20,000,000 shares issued and outstanding in 2020 and 2019, respectively		20,000			20,000
Additional paid in capital		12,~~946~~038,~~664~~470			~~556~~1,~~833~~946,664
Accumulated deficit		(2,~~059~~104,~~703~~596	)		(~~623~~2,~~336~~059,703	)
Total stockholders’ deficit		(8336,~~039~~126	)		(1983,~~503~~039	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	0		$	~~7,632~~0
		-			7,632

The accompanying notes are an integral part of these financial statements.

F-3

SHENTANG INTERNATIONAL, INC.

STATEMENTS OF OPERATIONS

FOR THE PERIODS DECEMBER 31

	2019			2018
	2020			2019
REVENUES	$	-			-
OPERATING EXPENSES:
Consulting fees – related party		~~1,400,000~~-			-1,400,000
Legal fees		1917,~~581~~335			2019,~~025~~581
Audit and accounting fees		10,~~800~~130			1410,800
General and Administrative		617,~~288~~141			116,~~810~~288
Total operating expenses		144,~~436,669~~606			461,~~635~~436,669
LOSS BEFORE OTHER INCOME		(144,~~436,669~~606	)		(461,~~635~~436,669	)
Other income (expense)
Interest income		~~368~~-			~~132~~368
Interest expense		(66287	)		(66	)
Total other income (expense)		~~302~~(287	)		~~132~~302
NET LOSS	$	(144,~~436,367~~893	)	$	(461,~~503~~436,367	)
Weighted average common shares outstanding – basic and diluted		4320,~~819~~000,~~178~~000			3543,~~904~~819,~~110~~178

The accompanying notes are an integral part of these financial statements.

F-4

SHENTANG INTERNATIONAL, INC.

STATEMENT OF STOCKHOLDERS’ (DEFICIT)

FOR THE PERIOD DECEMBER 31, ~~2019~~2020 AND DECEMBER 31, ~~2018~~2019

	Series A Preferred Stock				Common Stock												Total
	Number of Shares		Par Value		Number of Shares			Par Value			Capital Deficiency			Accumulated Deficit			~~Total~~ Stockholders’ Deficit
Balance - December 31, 2017		-	$	-		20,000,000		$	20,000		$	556,833		$	(576,833	)	$	-
Shares issued to related party - Common		-		-		27,000,000			27,000			-			-			27,000
Net loss		-		-		-			-			-			(46,503	)		(46,503	)
Balance - December 31, 2018		-	$	-		47,000,000		$	47,000		$	556,833		$	(623,336	)	$	(19,503	)
Shares issued to related party -Preferred		10,000,000		10,000		-			-			1,390,000			-			1,400,000
																		-
Share redemption and retirement		-		-		(27,000,000	)		(27,000	)		-			-			(27,000	)
Shares issued to related party -Preferred		10,000,000		10,000		-			-			1,390,000						1,400,000
Cancellation of interest receivable		-		-		-			-			(169	)		-			(169	)
Share redemption and retirement						(27,000,000	)		(27,000	)		-						(27,000	)
Net loss		-		-		-			-			-			(1,436,367	)		(1,436,367	)
Cancellation of interest receivable												(169	)					(169	)
Net loss		-		-		-			-			-			(1,432,367	)		(1,436,367	)
Balance - December 31, 2019		10,000,000	$	10,000		20,000,000		$	20,000		$	1,946,664		$	(2,059,703	)	$	(83,039	)
Forgiveness of related party debt		-		-		-			-			91,806			-			91,806
Net loss		-		-		-			-			-			(44,893	)		(44,893	)
Balance - December 31, 2020		10,000,000	$	10,000		20,000,000		$	20,000		$	2,038,470		$	(2,104,596	)	$	(36,126	)

The accompanying notes are an integral part of these financial statements.

F-5

SHENTANG INTERNATIONAL, INC.

STATEMENTS OF CASH FLOWS

FOR THE PERIOD ~~DECEMBER 31, 2019 and DECEMBER 31, 2018~~

	2019			2018
OPERATING ACTIVITIES:
Net loss	$	(1,436,367	)	$	(46,503	)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Stock issued to related party		1,400,000			27,000
Changes in net assets and liabilities -
Interest receivable		(37	)		(132	)
Accounts payable and accrued expenses		3,060			6,250
Loan payable – related party		33,675			-
NET CASH USED IN OPERATING ACTIVITIES		331			(13,385	)
INVESTING ACTIVITIES
Note cancellation		7,500
Note to related party		-			(7,500	)
NET CASH USED IN INVESTING ACTIVITIES		7,500			(7,500	)
FINANCING ACTIVITIES:
Proceeds from Notes payable - related party		19,169			40,385
Redemption of common stock		(27,000	)
Payments on related party loan payable		-			(19,500	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		(7,831	)		20,885
NET INCREASE (DECREASE) IN CASH		-			-
CASH – BEGINNING OF PERIOD		0			0
CASH – END OF PERIOD	$	0		$	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Non-cash investing and financing activities:
Proceeds from notes payable related party		19,169
Cancellation of related party note		7,500
Redemption of common stock		(27,000	)
Note issued to related party		-			(7,500	)
Payments on related party notes payable		-			(19,500	)

DECEMBER 31, 2020 and DECEMBER 31, 2019

	2020			2019
OPERATING ACTIVITIES:
Net loss	$	(44,893	)	$	(1,436,367	)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Stock issued to related party		-			1,400,000

Changes in net assets and liabilities -
Interest receivable		-			(37	)
Accounts payable and accrued expenses		6,397			3,060
Loan payable – related party		-			33,675
NET CASH USED IN OPERATING ACTIVITIES		(38,496	)		331

INVESTING ACTIVITIES

Note cancellation		-			7,500
Note to related party		-			-
NET CASH USED IN INVESTING ACTIVITIES		-			7,500

FINANCING ACTIVITIES:
Proceeds from Notes payable - related party		38,496			19,169
Redemption of common stock		-			(27,000	)
Repayment of related party Note payable		-			-
NET CASH PROVIDED BY FINANCING ACTIVITIES		38,496			(7,831	)

NET INCREASE (DECREASE) IN CASH		-			-

CASH – BEGINNING OF PERIOD		-			-
CASH – END OF PERIOD	$	-		$	-
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:

Non-cash investing and financing activities:
Proceeds from notes payable related party		-			19,169
Cancellation of related party note		-			7,500
Redemption of common stock		(27,000	)		(27,000	)
Debt extinguishment		(19,235	)		-

The accompanying notes are an integral part of these financial statements.

F-6

SHENTANG INTERNATIONAL, INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE PERIOD DECEMBER 31, ~~2019~~2020 and DECEMBER 31, ~~2018~~2019

Note 1 – Organization and basis of accounting

Basis of Presentation and Organization

Shentang International, Inc. (“we” or the “Company”) was incorporated in the State of Nevada on June 29, 2007. We were an exploration-stage company engaged in the exploration of mineral resource properties.

On July 22, 2009, Shentang International conducted a 1-to-10 stock split (the “Stock Split”) of the issued and outstanding common stock, so the Company’s issued and outstanding shares increased from 1,670,000 to 16,700,000 with par value of $0.001. Immediately after the Stock Split on July 22, 2009, Shentang International entered into a Share Exchange Agreement (the “Exchange Agreement”) with Boom Spring, the shareholders of Boom Spring, and Shengtang. Pursuant to the terms of the Exchange Agreement, the shareholders of Boom Spring transferred to Shentang International all of the equity interest of Boom Spring in exchange for 12,000,000 outstanding shares of Shentang International and 33,300,000 newly issued shares of Shentang International (the “Share Exchange”). As a result of the Share Exchange, Boom Spring became a wholly owned subsidiary of Shentang International and Shentang International became a holding company with issued and outstanding common stock of 50,000,000 with par value of $0.001.

Pursuant to a board resolution dated October 21, 2009, the Company increased its authorized number of common stock from 50,000,000 to 190,000,000, and conducted a 2-for-5 reverse stock split (the “Reverse Stock Split”) of the issued and outstanding common stock. After the Reverse Stock Split, the Company’s issued and outstanding shares changed from 50,000,000 to 20,000,000 with par value of $0.001 effective on October 21, 2009. This reverse stock split also give retroactive effect in the balance sheet as of December 31, 2008 and the computation of basic and diluted EPS is adjusted retroactively for all period presented accordingly.

Hereinafter, Shentang International, Boom Spring and Shengtang are collectively referred to as the “Company”.

On May 16, 2018, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director.

On July 2, 2018, the Company terminated its registration with the Securities and Exchange Commission.

On August 2, 2018, the Company filed a Form 10-12G, which went effective on October 1, 2018.

F-7

On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by David Lazar in exchange for services valued at $1,400,000. In addition, the company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the amount of $7,500 including interest. The company shall also pay the additional amount of $19,168.97 by issuance of a promissory note.

F-7

On April 29, 2020, Shentang International, Inc. (the “Company”) entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by David Lazar, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Company’s common stock and preferred stock have different voting rights whereby one share of common stock is entitled to one (1) vote and one share of preferred stock is entitled to one hundred (100) votes. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company.

The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America (“GAAP”). The Company is a development stage enterprise devoting substantial efforts to establishing a new business, financial planning, raising capital, and research into products which may become part of the Company’s product portfolio. The Company has not realized significant sales through since inception. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and, even if planned principal operations have commenced, revenues are insignificant.

The accompanying financial statements have been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital, or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying 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 possible inability of the Company to continue as a going concern.

Note 2 – Summary of significant accounting policies

Cash and Cash Equivalents

For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.

Property and equipment

Property and equipment are stated at historical cost less accumulated depreciation and impairment. The historical cost of acquiring an item of property and equipment includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use.

F-8

Income Taxes

The Company accounts for income taxes pursuant to FASB ASC Topic 740, Income Taxes. Under FASB ASC Topic 740, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.

F-8

Fair Value Measurement

The Company values its convertible notes and amounts due to related partings and short term loans payable under FASB ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2 - Valuations for assets and liabilities that can be obtained from readily available pricing sources via independent providers for market transactions involving similar assets or liabilities. The Company’s principal markets for these securities are the secondary institutional markets, and valuations are based on observable market data in those markets.

F-9

Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company uses Level 3 to value its derivative instruments.

Employee Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation (“ASC 718”). ASC 718 addresses all forms of share-based payment (“SBP”) awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.

Estimates

The financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of December 31, 2018 and 2017, and expenses for the years ended December 31, 2017 and 2016, and cumulative from inception. Actual results could differ from those estimates made by management.

Subsequent Event

The Company evaluated subsequent events through the date when financial statements are issued for disclosure consideration.

F-9

Adoption of Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Recent Accounting Pronouncements

In February 2016, the FASB issued an accounting standards update for leases. The ASU introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in the current accounting guidance as well as the FASB’s new revenue recognition standard. However, the ASU eliminates the use of bright-line tests in determining lease classification as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The pronouncement is effective for annual reporting periods beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020, for nonpublic entities using a modified retrospective approach. Early adoption is permitted. The Company is still evaluating the impact that the new accounting guidance will have on its consolidated financial statements and related disclosures and has not yet determined the method by which it will adopt the standard.

Note 3 – Going Concern

The accompanying financial statements have been prepared assuming the continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and is dependent on debt and equity financing to fund its operations. Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity funding facility is in effect. While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying 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 possible inability of the Company to continue as a going concern.

F-10

Note 4 – Discontinued Operations

The Company has fully impaired all assets since the shutdown of its operations in 2009 and has recorded the effects of this impairment as part of its discontinued operations. With the absence of a substantial amount of the old records and the passage of the statute of limitations the company has recorded a discontinued operations expense in 2017 the most current year since operations shutdown based on the accumulated records obtained to date through the year ~~second~~ended ~~quarter 2018~~2020.

Note 5 – Related Party Transactions

On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by David Lazar. In addition, the company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the amount of $7,500 including interest. The company shall also pay the additional amount of $19,168.97 by issuance of a promissory note and cancel all interest due on the May 31, 2018 note. The promissory note dated November 19 , 2019, in the amount of $19, 168.97 is due and payable in full within one hundred eight (180) days following written demand by the holder and bears an interest rate of 3% per annum. As of December 31, 2019, a total of 19,168.97 remained outstanding. In addition there was $66 in accrued interest expense.

~~During~~On April 29, 2020, Shentang International, Inc. (the ~~year~~“Company”) ~~ended~~entered ~~December~~into 31and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, ~~2019~~Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a ~~advanced~~Wyoming alimited ~~total~~liability ofcompany ~~$39~~(the “Principal”) controlled by David Lazar,~~278~~ toan individual (together with the ~~Company~~Principal, the ~~for~~“Seller”), ~~payment~~the controlling shareholder of ~~registration~~the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 ~~legal~~shares ~~and~~of ~~accounting~~preferred ~~fees.~~stock As(the “Shares”) of ~~December~~the 31Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, ~~2019~~or $0.024, per share. Upon the ~~company~~closing, ~~had~~$225,000 aof ~~loan~~the ~~payable~~purchase ~~remaining~~price was paid to Principal, and the balance of $5415,~~560~~000 towill ~~Custodian~~be ~~Ventures~~paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition ~~LLC.~~that ~~This~~such ~~loan~~approval ismust ~~unsecured~~be obtained by June 5, ~~non-interest~~2020, ~~bearing~~or a later date as agreed by Purchaser. Accordingly, ~~and~~as ~~has~~a noresult ~~specific~~of ~~terms~~the ~~for~~transaction, Purchaser ~~repayment~~became the controlling shareholder of the Company.

~~F-10~~On April 29, 2020, the Custodian Ventures LLC agreed to forgive all amounts owed on the November 19, 2019 promissory note of $19,168.97, including accrued interest for a total of $19,522 and the unsecured non interest bearing note in the amount of $72,284.

During the period January 01, 2020 thru April 29, 2020, Custodian Ventures, LLC advanced a total of $14,130 to the Company for payment of registration, legal and accounting fees. During the period April 30, 2020 thru December 31, 2020, Plentiful Limited paid a total of $38,496 consisting of legal fees, transfer agent fees, registration fees, and audit and accounting fees on behalf of the Company. As of December 31, 2020, the company had a loan payable remaining of $0 to Custodian Ventures, LLC. and $20,772 due to Plentiful Limited. This loan is unsecured, non-interest bearing, and has no specific terms for repayment

F-11

Note 6 – Common Stock

On May 31, 2018, the Company issued 27,000,000 shares of common stock, with par value $0.001 for par value for services valued at $27,000 to the Company’s Chief Executive Officer, David Lazar in exchange for settlement of a portion of the related party loan in the amount of $19,500 and a promissory note issued to the Company in the amount $7,500.

On November 19, 2019, the Company board of directors determined that it is their best interest to redeem the 27,000,000 shares of common stock, held by David Lazar. As of December 31, 2020 20,000,000 shares of common stock with par value of $0.001 remains outstanding.

Note 7 – Preferred stock

On November 07, 2019 the board of directors approved the issuance of 10,000,000 shares of Series A preferred stock to David Lazar, with a par value of $0.001 per share for a total of $1,400,000 for consulting services to the company. As of December 30, 2020 and 2019, 10,000,000 shares of preferred stock valued at $1,400,000 remains outstanding.

Note 8 – Income Taxes

The Company provides for income taxes under FASB ASC 740, Accounting for Income Taxes. FASB ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently.

FASB ASC 740 requires the reduction of deferred tax assets by a valuation allowance, if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is $27,~~473~~700 which is calculated by multiplying a 21% estimated tax rate by the cumulative net operating loss (NOL) adjusted for the following items:

For the period ended December 31,	~~2019~~2020
Book loss for the year	$	(144,~~436,367~~893	)
Adjustments:
Accrued expenses		8,~~300~~224
Stock based compensation		1,400,000
Tax loss for the year		(36,669	)
Tax loss for the year		(28,067	)
Estimated effective tax rate		21	%
Deferred tax asset	$	(57,~~894~~700	)

Details for the last period are as follows:

For the period ended December 31,	~~2019~~2020
Deferred tax asset	$	57,~~894~~700
Valuation allowance		(57,~~894~~700	)
Current taxes payable		-
Income tax expense	$	-

Below is a chart showing the estimated corporate federal net operating loss (NOL) and the year in which it will expire. The total NOL carry forward as of December 31, ~~2018~~2020 was $87,~~481~~700 as itemized below:

Year	Amount		Expiration
2019	$	5,894		2038
2020	$	7,700		2039
2018		2,575		2037
2019		5,894		2038

Note 9 – Subsequent Events

The Company evaluates events that occur after the year-end date through the date the financial statements are available to be issued. Accordingly, management has evaluated subsequent events through ~~February~~August 1225, ~~2020~~ 2021, and has determined that there were no subsequent events, requiring adjustment to, or disclosure in, the financial statements.

F-1112

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the Exchange Act, our management has carried out an evaluation, with the participation and under the supervision of our Chief Executive Officer and Chief Financial Officer, Lei Xu, of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2020. Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports 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 our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating and implementing possible controls and procedures.

Management conducted its evaluation of disclosure controls and procedures under the supervision of our Chief Executive Officer and our Chief Financial Officer. Based upon, and as of the date of this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were ineffective as of December 31, 2020.

Management’s Annual Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting. As defined in Rules 13a-15(f) under the Securities Exchange Act of 1934, internal control over financial reporting is a process designed by, or under the supervision of, Lei Xu, the Company’s sole director, officer and employee, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.

The Company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records, that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company’s assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of the Company’s management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our management, including our principal executive officer and principal financial officer, assessed the effectiveness of our internal control over financial reporting at December 31, 2020. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on that assessment under those criteria, management has determined that, as of December 31, 2020, our internal control over financial reporting was not effective.

Our internal controls are not effective for the following reasons: (i) there is an inadequate segregation of duties consistent with control objectives as management is comprised of only one persons; and (ii) the Company does not have an audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process.

Going forward, we intend to evaluate our processes and procedures and, where practicable and resources permit, implement changes in order to have more effective controls over financial reporting.

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the exemption provided to issuers that are not “large accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Changes in Internal Control over Financial Reporting

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The following table sets forth the name and age of each of our current executive officers and directors.

Name		Age		Title
Lei Xu		37		Director, Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer

Lei Xu. Ms. Xu serves as the sole officer and director of the Company since May 2020. Ms. Xu has been a director of Plentiful Limited since October 2018. Prior to joining Plentiful Limited, Ms. Xu was a director at AMTT Digital Service from 2015 to 2018. Ms. Xu holds a bachelor’s degree from The Open University of China.

Our director holds office until her successors have been duly elected and qualified. There are no arrangements or understandings known to us pursuant to which any director or executive officer was or is to be selected as a director (or director nominee) or executive officer. We do not compensate our director and do not have any standing committees at this time.

Family Relationships

There are no family relationships between any of our directors or executive officers.

Involvement in Legal Proceedings

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

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

●	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;

●

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;

●	been found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission 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;

●

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.

Board Composition

The board is currently composed of one member, Ms. Lei Xu.

Code of Ethics and Business Conduct

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires our directors, officers and persons who beneficially own more than 10% of a registered class of our equity securities, to file reports of ownership and changes in ownership with the SEC and are required to furnish us with copies of these reports. Based solely on our review of the reports filed with the SEC, we believe that all persons subject to reporting filed the required reports on time in fiscal year 2020, except that one Form 4, covering the transactions relating to termination of insider status, was not filed by David Lazar; one Form 3, covering one transaction, was filed late by Lei Xu; and, one Form 3, covering one transaction, was filed late by Plentiful Limited.

ITEM 11. EXECUTIVE COMPENSATION

No executive compensation was paid during the fiscal years ended December 31, 2020 and 2019. The Company has no employment agreement with any of its officers and directors.

Outstanding Equity Awards at Fiscal Year End

None of our executive officers received any equity awards, including, options, restricted stock or other equity incentives during the fiscal year ended December 31, 2020 and 2019. There are no outstanding equity awards as of December 31, 2020.

Compensation of Directors

During the year ended December 31, 2020 and 2019, no officer received any compensation solely for service as a director.

During the fiscal years of 2020 and 2019, we did not have a standing compensation committee. Our board of directors was responsible for the functions that would otherwise be handled by the compensation committee. The sole director conducted deliberations concerning executive officer compensation. Lei Xu, as our sole director, has authority and discretion to determine her own compensation for serving as the Company’s Chief Executive Officer, president, secretary or treasurer.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth information regarding the beneficial ownership of our common stock as of September 2, 2021. The information in this table provides the ownership information for: each person known by us to be the beneficial owner of more than 5% of our common stock; each of our directors; each of our executive officers; and our executive officers and directors as a group. Unless otherwise noted, the address for each of directors and officers is c/o Shentang International, Inc., House 1E1, Zhuoyue Weigang North, Nanshan District, Shenzhen, P.R. China 518000.

	Amount and Nature of Beneficial Ownership							Percent of Aggregate
Name of Beneficial Owner	Common Stock		Preferred Stock		Percent⁽¹⁾ of Class			Voting Power⁽¹⁾
Directors and Executive Officers
Lei Xu		-		-		*			*
All officers and directors as a group		-		-		*			*
5% Beneficial Owners
VEZHONG LIMITED⁽²⁾				9,002,000		90.02	%		88.25	%
JW Asset Management Limited⁽³⁾				998,000		9.98	%		9.78	%
Feng Bing		1,400,000		-		7.00	%		*
Zhongmin Chen		7,056,000		-		35.28	%		*
Rong Li		2,000,000		-		10.00	%		*
Shaoping Lu		1,730,000		-		8.65	%		*

*	Less than 1%.

(1)

Applicable percent of class and percent of aggregate voting power are based on 20,000,000 shares of common stock and 10,000,000 shares of preferred stock outstanding as of September 2, 2021. Each share of common stock is entitled to one vote and each share of preferred stock is entitled to 100 votes. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. Shares of common stock that are currently exercisable or exercisable within 60 days of February 18, 2020 are deemed to be beneficially owned by the person holding such securities for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.

(2)

De Li is the Director of VEZHONG LIMITED and has voting and dispositive power over the securities held by VEZHONG LIMITED. Mr. Li disclaims beneficial ownership of such securities except to the extent of his pecuniary in such securities, if any.

(3)

Tang Ming FUNG is the Director of JW Asset Management Limited and has voting and dispositive power over the securities held by JW Asset Management Limited. Mr. Fung disclaims beneficial ownership of such securities except to the extent of his pecuniary in such securities, if any.

ITEM 13. CERTAIN RELATIONSHIP AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

On November 19, 2019, the Company’s board of directors determined that it was in the best interest of the Company to redeem the 27,000,000 shares of common stock, held by Custodian Ventures, LLC. In addition, the Company elected to cancel and return to the shareholder the promissory note dated May 31, 2018 in the amount of $7,500. The Company shall also pay the additional amount of $19,168.97 by issuance of a promissory note and cancel all interest due on the May 31, 2018 note. The promissory note dated November 19, 2019, in the amount of $19,168.97 is due and payable in full within one hundred eight (180) days following written demand by the holder and bears an interest rate of 3% per annum.

On November 7, 2019 the board of directors approved the issuance of 10,000,000 shares of Series A preferred stock to Custodian Ventures, LLC, with a par value of $0.001 per share for a total of $1,400,000 for consulting services provided by Custodian Ventures, LLC to the Company. The Company’s common stock and preferred stock have different voting rights whereby one share of common stock is entitled to one (1) vote and one share of preferred stock is entitled to one hundred (100) votes.

On April 29, 2020, the Company entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by David Lazar, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company.

On April 29, 2020, the Custodian Ventures LLC agreed to forgive all principal owed on the November 19, 2019 promissory note of $19,168.97, plus accrued interest, for a total of $19,522 and the unsecured non interest bearing note in the amount of $72,284.

During the period January 1, 2020 through April 29, 2020, Custodian Ventures, LLC advanced a total of $14,130 to the Company for payment of registration, legal and accounting fees.

During the period April 30, 2020 through December 31, 2020, Plentiful Limited paid a total of $38,496 consisting of legal fees, transfer agent fees, registration fees, and audit and accounting fees on behalf of the Company. As of December 31, 2020, the Company had a loan in the amount of $20,772 due to Plentiful Limited. This loan is unsecured, non-interest bearing, and has no specific terms for repayment.

Promoters and Certain Control Persons

David Lazar was our promoter from our revival on May 18, 2018 through April 29, 2020. Other than that, we did not have any other promoters at any time during the past five fiscal years.

Director Independence

Lei Xu, our sole director, is not independent according to the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the SEC.

Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The following table shows the aggregate fees we paid for professional services provided to us for 2020 and 2019:

	2020		2019
Audit Fees	$	6,480		8,100
Audit-Related Fees		0		0
Tax Fees		0		0
All Other Fees		0		0

Total	$	6,480		8,100

Audit Fees

For the year ended December 31, 2020 and 2019, we paid $6,480 and $8,100, respectively, for professional services rendered for the audit and review of our financial statements.

Audit Related Fees

For the fiscal years ended December 31, 2020 and 2019, we paid approximately $0 and $0, respectively, for audit related services.

Tax Fees

For our fiscal years ended December 31, 2020 and 2019, we paid $0 and $0 respectively, for professional services rendered for tax compliance, tax advice, and tax planning.

All Other Fees

We did not incur any other fees related to services rendered by our independent registered public accounting firm for the fiscal years ended December 31, 2020 and 2019.

Pre-Approval Policies and Procedures

Under the Sarbanes-Oxley Act of 2002, all audit and non-audit services performed by our auditors must be approved in advance by our board of directors to assure that such services do not impair the auditors’ independence from us. In accordance with its policies and procedures, our board of directors pre-approved the audit service performed by our auditor for our consolidated financial statements as of and for the year ended December 31, 2020.

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

Financial Statements and Schedules

The financial statements are set forth under Item 8 of this annual report on Form 10-K. Financial statement schedules have been omitted since they are either not required, not applicable, or the information is otherwise included.

Exhibit List

(a) List of Documents Filed as a Part of This Report:

(1) Index to Consolidated Financial Statements:

	●	Report of BF Borgers CPA PC, Independent Registered Public Accounting Firm

	●	Balance Sheets as of December 31, 2020 and 2019

	●	Statements of Operations for the years ended December 31, 2020 and 2019

	●	Statements of Changes in Stockholders’ Equity for the years ended December 31, 2020 and 2019

	●	Statements of Cash Flows for the years ended December 31, 2020 and 2019

	●	Notes to Financial Statements

(2) Index to Financial Statement Schedules:

All schedules have been omitted because the required information is included in the consolidated financial statements or the notes thereto, or because it is not required.

(3) Index to Exhibits

See exhibits listed under Part (b) below.

(b) Exhibits:

Exhibit No.		Description

2.1		Notice of Entry of Order, dated May 11, 2018, Case No.: A-18-772247-P (incorporated by reference to Exhibit 2 to the Registrant’s Form 10-12G filed on August 2, 2018,)

3.1		Amended and Restated Articles of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s amended quarterly report on Form 10-Q/A filed on April 29, 2020)

3.2		Certificate of Designation for Series A Preferred Stock (incorporated by reference to Exhibit 3.1 to the Registrant’s current report on Form 8-K filed January 28, 2020)

3.3		Certificate of Revival with the state of Nevada, dated May 18, 2018 (incorporated by reference to Exhibit 3.4 to the Registrant’s Form 10-12G, filed August 2, 2018,).

3.4		By-laws of the Registrant (incorporated by reference to Exhibit 3.2 to Form SB-2 filed on January 9, 2008)

10.1		Stock Purchase Agreement dated April 29, 2020 among the Registrant, Plentiful Limited and Custodian Ventures, LLC (incorporated by reference to Exhibit 10.1 to the Registrant’s current report on Form 8-K filed May 4, 2020)

10.2		Stock Purchase Agreement dated August 11, 2021 among the Registrant, VEZHONG LIMITED, JW Asset Management Limited and Plentiful Limited (incorporated by reference to Exhibit 10.1 to the Registrant’s current report on Form 8-K filed August 11, 2021)

31.1		Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

101.SCH		Inline XBRL Taxonomy Extension Schema Document

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document).

ITEM 16. FORM 10-K SUMMARY.

None.

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 thereunto duly authorized.

	SHENTANG INTERNATIONAL, INC.

Date: September 3, 2021	By:	/s/ Lei Xu
		Lei Xu Chief Executive Officer and Chief Financial Officer (principal executive officer and principal financial and accounting officer)

Dated: September 3, 2021	/s/ Lei Xu
	Lei Xu
	Director, President, Chief Executive Officer and Chief Financial Officer (principal executive officer and principal financial and accounting officer)

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