UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~June~~September 30, 2023

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

For the transition period from _______ to _______

Commission File Number: 000-56013

JRSIS HEALTH CARE CORPORATION.

(Exact name of Registrant as specified in its charter)

Florida		46-4562047
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification Number)

3/F Building A, De Run Yuan

No. 19 Chang Yi Road, Chang Ming Shui

Wu Gui Shan, Zhong Shan City 528458

+86-760-88963658

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exchange Act) 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 submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

As of the date of filing this report, there were outstanding 5,836,659 shares of the issuer’s common stock, par value $0.0001 per share.

NOTE REGARDING REVERSE STOCK SPLIT

On June 29, 2023, JRSIS Health Care Corporation implemented a one-for-ten reverse split of its common stock. To facilitate comparative analysis, all statements in this Report regarding numbers of shares of common stock and all references to prices of a share of common stock, if referencing events or circumstances occurring prior to June 29, 2023, have been modified to reflect the effect of the reverse stock split on a pro forma basis.

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION		1

Item 1	Consolidated Financial Statements	1

Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	2

Item 3	Quantitative and Qualitative Disclosures About Market Risk	8

Item 4	Controls and Procedures	8

PART II – OTHER INFORMATION		9

Item 1	Legal Proceedings	9

Item 1A	Risk Factors	9

Item 2	Unregistered Sale of Equity Securities and Use of Proceeds	9

Item 3	Defaults Upon Senior Securities	9

Item 4	Mine Safety Disclosures	9

Item 5	Other Information	9

Item 6	Exhibits	10

	Signatures	11

PART I – FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X, Rule 10-01(c) Interim Financial Statements, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders’ equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the ~~six~~nine months ended ~~June~~September 30, 2023 are not necessarily indicative of the results that can be expected for the year ended December 31, 2023. These unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

	Page
JRSIS HEALTH CARE CORPORATION
Consolidated Balance Sheets— June 30, 2023 (Unaudited) and December 31, 2022	F-2
Consolidated Balance Sheets—September 30, 2023 (Unaudited) and December 31, 2022	F-2
Consolidated Statements of Operations and Comprehensive Loss for the Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	F-3
Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended September 30, 2023 and 2022 (Unaudited)	F-3
Consolidated Statement of Shareholders’ Equity for the Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	F-4
Consolidated Statement of Shareholders’ Equity for the Three and Nine Months Ended September 30, 2023 and 2022 (Unaudited)	F-4
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2023 and 2022 (Unaudited)	F-5
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2023 and 2022 (Unaudited)	F-5
Notes to Consolidated Financial Statements (Unaudited)	F-6 – F-1617

F-1

JRSIS HEALTH CARE CORPORATION

CONSOLIDATED ~~BALANCE~~ BALANCE SHEETS

(AMOUNTS IN USD, EXCEPT SHARES)

	June 30,			December 31,
	September 30,			December 31,
	2023			2022
	(Unaudited)
Assets
Current Assets:
Cash and cash equivalents	$	2833,~~220~~387		$	58,616
Accounts receivable, net		13,791			-
Other receivables		2,836			2,987
Other receivables		2,841			2,987
Amount due from related parties		-			854
Deferred expenses		~~572~~490,~~750~~928			736,393
Total current assets		~~617~~527,~~602~~151			798,850
Property and equipment, net		3330,~~051~~844			38,989
Right-of-use assets		106,~~730~~705			18,138
Total assets	$	~~661~~564,~~383~~700		$	855,977
Liabilities and shareholders’ equity
Current Liabilities:
Accounts payable	$	8,000		$	24,711
Amount due to related parties		4975,~~491~~099			-
Payroll payable		1,~~172~~165			1,812
Lease liabilities - current		106,~~730~~705			16,708
Total current liabilities		6990,~~393~~969			43,231
Lease liabilities - non-current		-			1,430
Total liabilities	$	6990,~~393~~969		$	44,661
Shareholders’ equity
Preferred stock, $0.0001 par value, 2,000,000 shares of Preferred shares authorized; nil issued and outstanding at June 30, 2023 and December 31, 2022*		-			-
Preferred stock, $0.0001 par value, 2,000,000 shares of Preferred shares authorized; nil issued and outstanding at September 30, 2023 and December 31, 2022*		-			-
Common stock, $0.0001 par value, 100,000,000 shares authorized; 5,836,659 issued and outstanding at June 30, 2023 and December 31, 2022*		583			583
Common stock, $0.0001 par value, 100,000,000 shares authorized; 5,836,659 issued and outstanding at September 30, 2023 and December 31, 2022*		583			583
Additional paid-in capital		24,510,284			24,510,284
Accumulated deficit		(2324,~~929~~049,~~915~~048	)		(23,705,746	)
Accumulated other comprehensive income		11,~~038~~912			6,195
Total shareholders’ equity of the Company		~~591~~473,~~990~~731			811,316
Total liabilities and shareholders’ equity	$	~~661~~564,~~383~~700		$	855,977

Adjusted for the 1-for-10 reverse stock split.

See notes to consolidated financial statements

F-2

JRSIS HEALTH CARE CORPORATION

CONSOLIDATED ~~STATEMENTS~~ STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(AMOUNTS IN USD, EXCEPT SHARES) (UNAUDITED)

	Three Months Ended June 30,						Six Months Ended June 30,
	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Revenue:
Consultation		4313,~~317~~567			-			4356,~~317~~884			-
Total revenue		4313,~~317~~567			-			4356,~~317~~884			-
Operating costs and expenses:
Salaries and benefits		3,~~176~~411			4,~~421~~861			711,~~978~~389			49,~~421~~282
Stock-based compensation		81,822			81,~~822~~821			~~163~~245,~~643~~465			81163,~~822~~643
Office supplies		7,~~221~~621			254,~~430~~927			1018,~~777~~398			3934,~~756~~195
Right-of-use assets amortization		53,~~441~~985			54,~~615~~004			812,~~196~~181			59,~~615~~619
Lease liabilities interest expense		~~241~~109			~~497~~319			~~381~~490			~~497~~816
Professional fee		4833,~~335~~736			834,~~000~~362			72106,~~287~~023			1660,~~000~~850
Change in fair value of warrant liability		-			-			-			(7	)
Depreciation		2,~~086~~016			12,~~505~~166			46,~~224~~240			13,~~505~~671
Total operating costs and expenses		~~148~~132,~~322~~700			~~127~~132,~~290~~460			~~267~~400,~~486~~186			~~149~~282,~~609~~069
Loss from operations before other income and income taxes		(~~105~~119,~~005~~133	)		(~~127~~132,~~290~~460	)		(~~224~~343,~~169~~302	)		(~~149~~282,~~609~~069	)
Other income		-			-			-			-
Loss from operations before income taxes		(~~105~~119,~~005~~133	)		(~~127~~132,~~290~~460	)		(~~224~~343,~~169~~302	)		(~~149~~282,~~609~~069	)
Income tax		-			-			-			-
Loss from continued operations		(~~105~~119,~~005~~133	)		(~~127~~132,~~290~~460	)		(~~224~~343,~~169~~302	)		(~~149~~282,~~609~~069	)
Net loss from discontinued operations		-			~~(36,054,805~~-	)		-			(33,393,670	)
Net loss	$	(~~105~~119,~~005~~133	)	$	(36132,~~182,095~~460	)	$	(~~224~~343,~~169~~302	)	$	(33,~~543~~675,~~279~~739	)
Comprehensive income:
Foreign currency translation adjustment from continued operations		~~5,100~~874			63,~~356~~741			45,~~843~~717			1721,~~557~~298
Foreign currency translation adjustment from discontinued operations		-			~~104,913~~-			-			301,922
Comprehensive loss	$	(99118,~~905~~259	)	$	(36128,~~070,826~~719	)	$	(~~219~~337,~~326~~585	)	$	(33,~~223~~352,~~800~~519	)
Net loss from continuing operations per share of common stock
Basic earnings per share*	$	(0.~~018~~020	)	$	(0.~~029~~023	)	$	(0.~~038~~059	)	$	(0.~~048~~070	)
Diluted earnings per share*	$	(0.~~018~~020	)	$	(0.~~029~~023	)	$	(0.~~038~~059	)	$	(0.~~048~~070	)
Net loss from discontinuing operations per share of common stock
Basic earnings per share*	$	-		$	~~(8.218~~-	)	$	-		$	(108.~~686~~228	)
Diluted earnings per share*	$	-		$	~~(8.218~~-	)	$	-		$	(108.~~686~~228	)
Net loss per share of common stock
Basic earnings per share*	$	(0.~~018~~020	)	$	(80.~~247~~023	)	$	(0.~~038~~059	)	$	(108.~~734~~298	)
Diluted earnings per share*	$	(0.~~018~~020	)	$	(80.~~247~~023	)	$	(0.~~038~~059	)	$	(108.~~734~~298	)
Weighted average number of shares outstanding (Basic)*		5,836,659			45,~~387~~836,~~248~~659			5,836,659			34,~~125~~058,~~053~~356
Weighted average number of shares outstanding (Diluted)*		5,836,659			45,~~387~~836,~~248~~659			5,836,659			34,~~125~~058,~~053~~356

*	Adjusted for the 1-for-10 reverse stock split.

See notes to consolidated financial statements

F-3

JRSIS HEALTH CARE CORPORATION

CONSOLIDATED ~~STATEMENT~~ STATEMENT OF SHARESHOLDERS’ EQUITY

(AMOUNTS IN USD, EXCEPT SHARES)

	Common stock						Accumulated			Accumulated other comprehensive			Additional paid-in			Non- controlling			Total shareholders’
	Number*			Amount			deficits			income			capital			Interest			equity
Balance at December 31, 2021		1,862,859		$	186		$	(1,877,296	)	$	545,449		$	23,399,563		$	11,034,278		$	33,102,180
Net income		-			-			1,847,171			-			-			791,645			2,638,816
Foreign currency translation adjustment		-			-			-			149,107			-			59,103			208,210
Balance at March 31, 2022 (Unaudited)		1,862,859			186			(30,125	)		694,556			23,399,563			11,885,026			35,949,206
Discontinued Operations adjustment		-			-			12,579,582			(694,556	)		-			(11,885,026	)		-
Loss from discontinuing operations		-			-			(35,949,892	)		-			965,168			-			(34,984,724	)
Net income		-			-			(127,290	)		-			-			-			(127,290	)
Shares issued for officer compensation		3,913,000			391			-			-			1,056,119			-			1,056,510
Shares issued for private placement		600,000			60			-			-			59,940			-			60,000
Shares repurchase and cancelled		(539,200	)		(53	)		-			-			(970,468	)		-			(970,560	)
Foreign currency translation adjustment		-			-			-			6,356			-			-			6,356
Balance at June 30, 2022 (Unaudited)		5,836,659			583			(23,527,725	)		6,356			24,510,284			-			989,498
Net loss		-			-			(132,460	)		-			-			-			(132,460	)
Foreign currency translation adjustment		-			-			-			3,741			-			-			3,741
Balance at September 30, 2022 (Unaudited)		5,836,659		$	583		$	(23,660,185	)	$	10,097		$	24,510,284		$	-		$	860,779

	Common stock				Accumulated			Accumulated other comprehensive			Additional paid-in		Non- controlling		Total shareholders’
	Number*		Amount		deficits			income			capital		Interest		equity
Balance at December 31, 2022		5,836,659	$	583	$	(23,705,746	)	$	6,195		$	24,510,284	$	-	$	811,316
Net loss		-		-		(119,164	)		-			-		-		(119,164	)
Foreign currency translation adjustment		-		-		-			(257	)		-		-		(257	)
Balance at March 31, 2023 (Unaudited)		5,836,659		583		(23,824,910	)		5,938			24,510,284		-		691,895
Net loss		-		-		(105,005	)		-			-		-		(105,005	)
Foreign currency translation adjustment		-		-		-			5,100			-		-		5,100
Balance at June 30, 2023 (Unaudited)		5,836,659		583		(23,929,915	)		11,038			24,510,284		-		591,990
Net loss		-		-		(119,133	)		-			-		-		(119,133	)
Foreign currency translation adjustment		-		-		-			874			-		-		874
Balance at September 30, 2023 (Unaudited)		5,836,659	$	583	$	(24,049,048	)	$	11,912		$	24,510,284	$	-	$	473,731

*	Adjusted for the 1-for-10 reverse stock split.

See notes to consolidated financial statements

F-4

JRSIS HEALTH CARE CORPORATION

CONSOLIDATED ~~STATEMENTS~~ STATEMENTS OF CASH FLOWS

(AMOUNTS IN USD, EXCEPT SHARES)

	Six Months Ended June 30,
	Nine Months Ended September 30,
	2023			2022
	(Unaudited)			(Unaudited)
Cash Flows From Operating Activities
Net loss	$	(~~224~~343,~~169~~302	)	$	(33,~~543~~675,~~279~~739	)
Less: Net loss from discontinued operations		-			(33,393,670	)
Add: Net loss from discontinued operations		-			(33,393,670	)
Net loss from continued operations		(~~224~~343,~~169~~302	)		(~~149~~282,~~609~~069	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation		46,~~224~~240			13,~~505~~671
Right-of-use assets amortization		812,~~196~~181			-
Lease liabilities interest expense		~~381~~490			-
Change in fair value of warranty liability		-			(7	)
Stock-based compensation		~~163~~245,~~643~~465			81163,~~822~~643
Changes in operating assets and liabilities:
Accounts receivable, net		(13,791	)		-
Other receivables		151			(3,037	)
Other receivables		146			(3,219	)
Amount due from related parties		854			-
Accounts payable		(16,711	)		(58,000	)
Amount due to related parties		4975,~~491~~099			-2,001
Payroll payable		(~~640~~647	)		-
Deposits received		-			1,~~583~~493
Net cash used in operating activities from continued operations		(2820,~~376~~180	)		(~~125~~172,~~925~~305	)
Net cash provided by operating activities from discontinued operations		-			3,~~157~~171,~~978~~627
Net cash provided by (used in) operating activities		(2820,~~376~~180	)		32,~~032~~999,~~053~~322
Cash Flows From Investing Activities
Purchases of property and equipment		-			(4446,~~518~~367	)
Net cash used in investing activities from continued operations		-			(4446,~~518~~367	)
Net cash used in investing activities from discontinued operations		-			(2,783,041	)
Net cash used in investing activities		-			(2,~~827~~829,~~559~~408	)
Cash Flows From Financing Activities
Shareholder contribution to a subsidiary		-			69,260
Proceeds from issuance of common stock in private placement		-			60,000
Extinguishment of warranty liability		-			7
Net cash provided by financing activities from continued operations		-			129,267
Net cash used in financing activities from discontinued operations		-			(867,508	)
Net cash used in financing activities		-			(738,241	)
Effect of exchange rate fluctuation on cash and cash equivalents		(25,~~020~~049	)		(~~284~~276,~~565~~560	)
Net decrease in cash and cash equivalents		(3025,~~396~~229	)		(~~818~~844,~~312~~887	)
Cash and cash equivalents, beginning of period		58,616			855,971
Cash and cash equivalents, ending of period	$	2833,~~220~~387		$	3711,~~659~~084
Analysis of cash and cash equivalents
Included in cash and cash equivalents per consolidated balance sheets	$	2833,~~220~~387		$	3711,~~659~~084
Included in cash and cash equivalents of discontinued operations		-			-
Cash and cash equivalents, end of period	$	2833,~~220~~387		$	3711,~~659~~084
Supplemental disclosure of cash flow information
Continuing operations:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-
Discontinued operations:
Cash paid for income taxes	$	-		$	(13,086	)
Cash paid for interest	$	-		$	(406,544	)
Supplemental disclosure of non-cash activities
Shares issued for officer compensation	$	(~~163~~245,~~643~~465	)	$	(1,056,510	)
Shares repurchase		-			(970,560	)

See notes to consolidated financial statements

F-5

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 1. DESCRIPTION OF BUSINESS AND ORGANIZATION

JRSIS Health Care Corporation (the “Company” or “JRSS”) was incorporated on November 20, 2013 under the laws of the State of Florida. In December 2013 JRSS acquired 100% of the equity in JRSIS Health Care Limited (“JHCL”), which is a Limited Liability Company registered in British Virgin Island (“BVI”) on February 25, 2013. JHCL owns 100% of the equity in Runteng Medical Group Co., Ltd (“Runteng”), a limited liability company registered in Hong Kong on September 17, 2012. Until March 31, 2022, Runteng owned 70% of the equity in Harbin Jiarun Hospital Co., Ltd (“Jiarun”), a for-profit hospital incorporated in Harbin City of Heilongjiang, China in February 2006. The remaining 30% of the equity in Jiarun was owned by Junsheng Zhang, who is the Chairman of the Board of JRSIS Health Care Corporation.

On April 12, 2022, Runteng organized and acquired 100% of the equity in Laidian Technology (Zhongshan) Co., Ltd (“Laidian”), a wholly foreign-owned enterprise (“WFOE”) subsidiary. The Company organized Laidian to engage in the business of providing charging services to electric vehicles operating in Zhongshan City of Guangdong, China.

Spin-Off of Harbin Jiarun Hospital Co., Ltd.

On April 28, 2022 JRSIS Health Care Corporation completed the spin-off of its subsidiary Harbin Jiarun Hospital Co., Ltd. as JRSIS’s subsidiary Runteng Medical Group Co., Ltd. transferred its 70% equity interest in Jiarun to Zhang Junsheng (the “Spin-Off”). In exchange for the 70% interest in Jiarun, Zhang Junsheng transferred to Runteng 539,200 shares of JRSIS common stock.

After the Spin-Off, JRSIS does not beneficially own any equity interest in Jiarun and will no longer consolidate Jiarun financial results with the financial results of JRSIS as on April 1, 2022. According to spin-off agreement on April 28, 2022, the effective date of spin-off was April 1, 2022, Commencing on the second quarter of fiscal year 2022, Jiarun’s historical financial results for periods prior to April 1, 2022 has been reclassified and reflected in JRSIS’s consolidated financial statements as a discontinued operation for comparative purposes.

Reverse Stock Split

On May 1, 2023, the Company’s Board of Directors and the holder of a majority of the voting power in the Company approved a 1-for-10 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) which was implemented on June 29, 2023. After the Reverse Stock Split, each ten (10) shares of the Corporation’s common stock issued and outstanding shall automatically be combined into one (1) share of the Corporation’s common stock, par value $0.0001 per share, without any further action by the Corporation or the holder thereof (the “Reverse Stock Split”). No fractional shares of common stock shall be issued in connection with the Reverse Stock Split. Rather, fractional shares created as a result of the Reverse Stock Split shall be rounded up to the next largest whole number of shares. For further information regarding this Reverse Stock Split, see "“NOTE 1211. COMMON STOCK"”.

NOTE 2. SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES

A. Basis of presentation

The consolidated financial statements have been prepared in accordance with the United States generally accepted accounting principles (“U.S. GAAP”).

B. Principles of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.

C. Use of estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation allowances for receivables and recoverability of carrying amount and the estimated useful lives of long-lived assets. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.

F-6

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 2. SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

D. Functional currency and foreign currency translation

JRSS and JHCL’s functional currency is the United States dollar (“US$”). Runteng’s functional currency is the Hong Kong dollar (“HK$”). The functional currency of Laidian and Jiarun is the Renminbi (“RMB”).

The Company’s reporting currency is US$. Assets and liabilities of Runteng, Laidian and Jiarun are translated at the current exchange rate at the balance sheet dates, revenues and expenses are translated at the average exchange rates during the reporting periods, and equity accounts are translated at historical rates. Translation adjustments are reported in other comprehensive income.

The exchange rates used for foreign currency translation are as follows:

		Six Months Ended June 30,
		Nine Months Ended September 30,
		2023	2022
		(USD to RMB/ USD to HKD)	(USD to RMB/ USD to HKD)
Assets and liabilities	period end exchange rate	7.~~2513~~2960 / 7.~~8363~~8308	67.~~6977~~0998 / 7.~~8467~~8499
Revenue and expenses	period average	67.~~9256~~0318 / 7.~~8394~~8341	6.~~4787~~6410 / 7.~~8257~~8358

E. Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The majority of sales are either cash receipt in advance or cash receipt upon delivery. As of ~~June~~September 30, 2023, ~~one customer accounted for 100% of net accounts receivable,~~ and as of December 31, 2022, no customer accounted for more than 5% of net accounts receivable. For those credit sales, the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited. For the ~~six~~nine months ended ~~June~~September 30, 2023, one customer accounted for 100% of total revenue. For the ~~six~~nine months ended ~~June~~September 30, 2022, no customer accounted for more than 10% of net revenue.

F. Cash and cash equivalents

Cash and cash equivalents include all cash, deposits in banks and other liquid investments with initial maturities of three months or less.

F-7

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 2. SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

G. Property and equipment

Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to operations when incurred, while additions and betterments are capitalized. Depreciation is recorded on a straight-line basis reflective of the useful lives of the assets. When assets are retired or disposed, the asset’s original cost and related accumulated depreciation are eliminated from accounts and any gain or loss is reflected in income.

The estimated useful lives for property and equipment categories are as follows:

Transportation instrument		5 years
Office equipment		5 years

H. Leases

In February 2016, the FASB issued ASU 2016-02 Leases (Topic 842), which increases transparency and comparability among organizations by recognizing right-of-use (“ROU”) lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU maintains a distinction between finance leases and operating leases, which is substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous lease guidance. Retaining this distinction allows the recognition, measurement and presentation of expenses and cash flows arising from a lease to remain similar to the previous accounting treatment. A lessee is permitted to make an accounting policy election by class of underlying asset to exclude from balance sheet recognition any lease assets and lease liabilities with a term of 12 months or less, and instead to recognize lease expense on a straight-line basis over the lease term. For both financing and operating leases, the ROU asset and lease liability is initially measured at the present value of the lease payments in the consolidated balance sheet. In July 2018, the FASB issued ASU 2018-11 which provides entities with the option to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, if necessary. As discussed in Note 8, we adopted ASU 2016-02–Leases (Topic 842) effective January 1, 2019 utilizing the transition option provided by ASU 2018-11.

I. Fair Value Measurement

The Company applies the provisions of ASC Subtopic 820-10, Fair Value Measurements, for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements. ASC 820 also establishes a framework for measuring fair value and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining the fair value for the assets and liabilities required or permitted to be recorded, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be 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 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that is observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

F-8

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 2. SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Cash and cash equivalents, other receivables, deferred expenses, accounts payable, amount due to related parties, other payable and payroll payable are reflected in the accompanying consolidated financial statements at amounts that approximate fair value because of the short-term nature of these instruments. The fair value of the Company’s lease liabilities also approximates carrying value as they bear interest at current market rates.

J. Segment and geographic information

An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Group’s chief operating decision maker in order to allocate resources and assess performance of the segment.

In accordance with ASC (“Accounting Standard Codification”) 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Group uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Group’s reportable segments. The Group’s CODM has been identified as the chief executive officer (the “CEO”), who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group.

The Group has determined that there is only one reportable operating segment since all of the services provided are viewed as an integrated business process and allocation of the resources and assessment of the performance are not separately evaluated by the Group’s CODM.

K. Revenue recognition

The Company recognizes revenue when the contract and performance obligations are identified with a customer, the transaction price are determined and allocated to the performance obligations in the contract for which the amount of revenue can be reliably measured. The Company will recognize revenue when the entity satisfies a performance obligation, it is probable that economic benefits will flow to the entity, and specific criteria have been met for each of the Company’s activities.

L. Shares Issued for Officer’s Compensation

The Company accounts for stock-based compensation in accordance with ASC 718-10 “Compensation-Stock Compensation” which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options, restricted stock units, and stock appreciation rights are based on estimated fair values. Stock-based compensation expense recognized during the period is based on the value of the portion of share-based payment awards that is ultimately expected to vest during the period.

The Company accounts for non-employee stock-based awards at fair value in accordance with the measurement and recognition criteria of ASC 505-50 “Equity-Based Payments to Non-Employees.

Share-based payment awards granted to a customer shall be measured and classified according to the terms of award. A share-based payment transaction shall be measured based on the fair value. On May 5, 2022, the Company issued 3,913,000 shares of its common stock as officer compensation to Zhong Zhuowei upon the initiation of operations of Laidian. These shares had a negotiated value of $1,056,510, of which $74,652 was obligation for Laidian’s paid in capital, remaining $981,858 was the expense of the Company for 3 years since April of 2022. For the ~~six~~nine months ended ~~June~~September 30, 2023, the Company recorded $~~163~~245,~~643~~465 compensation expenses.

F-9

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 2. SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

M. Income taxes

The Company has adopted FASB ASC Topic 740, “Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

In July 2006, the FASB issued FIN 48(ASC 740-10), Accounting for Uncertainty in Income Taxes-An Interpretation of FASB Statement No. 109 (ASC 740), which requires income tax positions to meet a more-likely-than-not recognition threshold to be recognized in the financial statements. Under FIN 48 (ASC 740-10), tax positions that previously failed to meet the more-likely-than-not threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met.

The application of tax laws and regulations is subject to legal and factual interpretation, judgment and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations and court rulings. Therefore, the actual liability may be materially different from our estimates, which could result in the need to record additional tax liabilities or potentially reverse previously recorded tax liabilities or deferred tax asset valuation allowance.

As a result of the implementation of FIN 48 (ASC 740-10), the Company made a comprehensive review of its portfolio of tax positions in accordance with recognition standards established by FIN 48 (ASC 740-10). The Company recognized no material adjustments to liabilities or shareholder’s equity as a result of the implementation. The adoption of FIN 48 did not have a material impact on the Company’s unaudited consolidated financial statements.

Enterprise income tax is determined under the Provisional Regulations of PRC Concerning Income Tax on Enterprises promulgated by the PRC, income tax is payable by enterprises at a rate of 25% of their taxable income.

N. Earnings per share

Basic earnings per common share is computed by using net income divided by the weighted average number of shares of common stock outstanding for the periods presented. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding for the periods presented. The dilutive earnings per share will not be computed if the effect would be anti-dilutive.

O. Reclassification

The comparative figures before April 1, 2022 have been reclassified to conform to current year presentation to reflect the disposal of a component of business derived from the recognition of a spin-off transaction on April 28, 2022.

P. Recently adopted accounting pronouncements

The FASB has issued Accounting Standards Update (ASU) No. 2019-01, Leases (Topic 842): Codification Improvements. The new ASU aligns the guidance for fair value of the underlying asset by lessors that are not manufacturers or dealers in Topic 842 with that of existing guidance. As a result, the fair value of the underlying asset at lease commencement is its cost, reflecting any volume or trade discounts that may apply. However, if there has been a significant lapse of time between when the underlying asset is acquired and when the lease commences, the definition of fair value (in Topic 820, Fair Value Measurement) should be applied.

The ASU also requires lessors within the scope of Topic 942, Financial Services—Depository and Lending, to present all “principal payments received under leases” within investing activities.

Finally, the ASU exempts both lessees and lessors from having to provide certain interim disclosures in the fiscal year in which a company adopts the new leases standard.

We do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

F-10

JRSIS HEALTH CARE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(AMOUNTS IN USD)

NOTE 3. DISCONTINUED OPERATIONS

At the beginning of 2022, the board of directors of the Company committed to a plan to dispose of Jiarun. On April 28, 2022 the subsidiary of JRSS, Runteng Medical Group Co., Ltd., entered into an Agreement Regarding a Transfer of Harbin Jiarun Hospital Co., Ltd.’s Equity with Zhang Junsheng, who was the Chairman of JRSS until April 28, 2022. Pursuant to the Transfer Agreement, Runteng transferred to Mr. Zhang equity in Harbin Jiarun Hospital Co., Ltd. representing 70% of the total equity in Jiarun Hospital and Mr. Zhang transferred to Runteng 539,200 shares of the Registrant’s common stock.

After the Spin-Off, JRSIS did not beneficially own any equity interest in Jiarun and will no longer consolidate Jiarun’s financial results with financial results of JRSS. Commencing on the second quarter of fiscal year 2022, Jiarun’s historical financial results for periods prior to April 1, 2022 was reclassified and reflected in JRSS’s consolidated financial statements as a discontinued operation.

Since this transaction required certain authoritative approval before effective, the publication of these transactions were delay so as to obtain all parties consent and advance authoritative approval.

The following table presents the components of discontinued operations in relation to Jiarun Hospital reported in the consolidated statements of operations:

	Three Months Ended June 30,					Six Months Ended June 30,
	Three Months Ended September 30,					Nine Months Ended September 30,
	2023		2022			2023		2022
Net Sales		-		-			-		15,619,411
Operating costs and expenses		-		-			-		12,023,149
Earnings from operations before other income and income taxes		-		-			-		3,596,262
Other income(loss)		-		~~(36,054,805~~-	)		-		(36,061,556	)
Loss from operations before income taxes		-		~~(36,054,805~~-	)		-		(32,465,294	)
Income tax		-		-			-		928,376
Net loss from discontinued operations		-		~~(36,054,805~~-	)		-		(33,393,670	)

~~NOTE 4. ACCOUNTS RECEIVABLE, NET~~F-11

	June 30,		December 31,
	2023		2022
	(Unaudited)
Accounts receivable	$	13,791	$	-
Less: allowance for doubtful debts		-		-
	$	13,791	$	-

JRSIS HEALTH CARE CORPORATION

~~Balance of accounts receivable as of June 30,~~NOTES ~~2023~~TO ~~was~~CONSOLIDATED ~~mainly~~FINANCIAL ~~due from customer Shanghai Jieshi of $13,791 for the consulting service provided during the second quarter of 2023, which was settled at July 2023.~~STATEMENTS

~~F-11~~(AMOUNTS IN USD)

~~JRSIS~~NOTE 4. ~~HEALTH~~PROPERTY ~~CARE~~AND ~~CORPORATION~~EQUIPMENT, NET

~~NOTES~~At September TO30, ~~CONSOLIDATED FINANCIAL~~2023 ~~STATEMENTS~~and December 31, 2022, property and equipment, net, consisted of:

(AMOUNTS IN USD)

	September 30,			December 31,
	2023			2022
	(Unaudited)
Transportation equipment	$	41,475		$	43,873
Office equipment and others		729			771
Total property and equipment at cost		42,204			44,644
Accumulated depreciation		(11,360	)		(5,655	)
Total property and equipment, net	$	30,844		$	38,989

~~NOTE~~The Company 5.recorded ~~PROPERTY~~depreciation ~~AND~~expense ~~EQUIPMENT~~of $6,240 ~~NET~~and $3,671 for the nine months ended September 30, 2023 and 2022, respectively.

AtNOTE 5. ~~June~~RIGHT-OF-USE ~~30,~~ASSETS ~~2023~~AND ~~and~~LEASE ~~December 31, 2022, property and equipment, net, consisted of:~~LIABILITIES

	June 30,			December 31,
	2023			2022
	(Unaudited)
Transportation equipment	$	41,730		$	43,873
Office equipment and others		734			771
Total property and equipment at cost		42,464			44,644
Accumulated depreciation		(9,413	)		(5,655	)
Total property and equipment, net	$	33,051		$	38,989

On January 1, 2019, the Company adopted Accounting Standards Codification (“ASC”) Topic 842, “Leases” (“new lease standard”). The new lease standard was adopted using the optional transition method approach that allows for the cumulative effect adjustment to be recorded without restating prior periods. The Company has elected the practical expedient package related to the identification, classification and accounting for initial direct costs whereby prior conclusions do not have to be reassessed for leases that commenced before the effective date. As the Company will not reassess such conclusions, the Company has not adopted the practical expedient to use hindsight to determine the likelihood of whether a lease will be extended or terminated or whether a purchase option will be exercised.

~~The Company recorded depreciation expense of $4,224~~Operating ~~and $1,505 for the six months ended June 30, 2023 and 2022, respectively.~~lease

~~NOTE~~In March 6.2022, ~~RIGHT~~Laidian leased office space under non-~~OF-USE~~cancellable ~~ASSETS~~operating ~~AND~~lease ~~LEASE~~agreements. ~~LIABILITIES~~Under terms of the lease agreement, from April 2022, Laidian is committed to make lease payments of approximately $1,528 per month for 23 months.

OnThe Company’s ~~January~~adoption 1,of ~~2019,~~ the ~~Company adopted Accounting Standards Codification (“ASC”) Topic 842, “Leases” (“~~new lease standard~~”).~~ ~~The~~included new ~~lease~~processes ~~standard was~~and ~~adopted~~controls ~~using~~regarding ~~the~~asset ~~optional~~financing ~~transition~~transactions, ~~method~~financial reporting ~~approach~~and ~~that~~a ~~allows~~system-related implementation required for the ~~cumulative~~new ~~effect~~lease ~~adjustment to be recorded without restating prior periods~~standard. The Company’s ~~has~~accounting ~~elected~~for ~~the~~finance ~~practical~~leases (formerly ~~expedient~~referred ~~package related~~ to ~~the~~as ~~identification,~~capital ~~classification~~leases ~~and~~prior ~~accounting~~to ~~for initial~~the ~~direct~~adoption ~~costs~~of ~~whereby~~the ~~prior~~new ~~conclusions~~lease dostandard) ~~not~~remained ~~have~~substantially tounchanged. beThe ~~reassessed~~impact of ~~for~~the ~~leases~~adoption ~~that~~of ~~commenced before~~ the ~~effective~~new ~~date.~~lease Asstandard included the ~~Company~~ ~~will~~recognition ~~not~~of ~~reassess~~right-of-use ~~such~~(“ROU”) ~~conclusions,~~assets ~~the~~and ~~Company~~lease ~~has~~liabilities. The ~~not~~adoption ~~adopted~~of the ~~practical~~new ~~expedient~~lease tostandard ~~use~~resulted ~~hindsight~~in toadditional ~~determine~~net ~~the~~lease ~~likelihood of~~assets ~~whether~~and anet lease ~~will~~liabilities beof ~~extended~~$6,705 orand ~~terminated~~$ or6,705, ~~whether~~respectively, as aof ~~purchase~~September ~~option~~30, ~~will be exercised~~2023.

~~Operating~~As of ~~lease~~September 30, 2023, the Company has the following amounts recorded on the Company’s unaudited condensed consolidated balance sheet:

In March 2022, Laidian leased office space under non-cancellable operating lease agreements. Under terms of the lease agreement, from April 2022, Laidian is committed to make lease payments of approximately $1,528 per month for 23 months.

	September 30, 2023
	(Unaudited)
Assets
Right-of-use assets	$	6,705
Total	$	6,705
Liabilities
Lease liabilities- Current		6,705
Lease liabilities- Non-current		-
Total	$	6,705

~~The~~Future annual ~~Company’s~~minimum ~~adoption of the new~~ lease ~~standard~~ ~~included new processes and controls regarding asset financing transactions~~payments, ~~financial~~for ~~reporting and a system~~non-~~related~~cancellable ~~implementation required~~operating ~~for the new lease standard. The Company’s accounting for finance~~ leases ~~(formerly~~are ~~referred to~~ as capital leases prior to the adoption of the new lease standard) remained substantially unchanged. The impact of the adoption of the new lease standard included the recognition of right-of-use (“ROU”) assets and lease liabilities. The adoption of the new lease standard resulted in additional net lease assets and net lease liabilities of $ 10,730 and $ 10,730, respectively, as of June 30, 2023.follows:

As of June 30, 2023, the Company has the following amounts recorded on the Company’s unaudited condensed consolidated balance sheet:

Year ending September 30,	Amount
2024		6,705
Total	$	6,705

	June 30, 2023
	(Unaudited)
Assets
Right-of-use assets	$	10,730
Total	$	10,730
Liabilities
Lease liabilities- Current		10,730
Lease liabilities- Non-current		-
Total	$	10,730

The company has recorded operating lease expense of $3,985 and $4,004 for three months ended September 30, 2023 and 2022, and recorded operating lease expense of $12,181 and $9,619 for nine months ended September 30, 2023 and 2022, respectively.

~~Future annual minimum lease payments, for non~~F-~~cancellable operating leases are as follows:~~12

Year ending June 30,	Amount
2024		10,730
Total	$	10,730

JRSIS HEALTH CARE CORPORATION

~~The company has recorded operating lease expense~~NOTES ofTO ~~$5,682~~CONSOLIDATED ~~and~~FINANCIAL ~~$6,112 for three months ended June 30, 2023 and 2022, and recorded operating lease expense of $8,577 and $6,122 for six months ended June 30, 2023 and 2022, respectively.~~STATEMENTS

~~F-12~~(AMOUNTS IN USD)

~~JRSIS~~NOTE 6. ~~HEALTH CARE CORPORATION~~REVENUE

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

	Nine Months Ended September 30,
	2023		2022
Consultation	$	56,884	$	-
Total Revenue	$	56,884	$	-

~~(AMOUNTS~~The Company’s INrevenue ~~USD)~~for the nine months ended September 30, 2023 derived from its provision to a customer of consulting services as well as plans and designs for charging piles for Shanghai Jieshi.

NOTE 7. ~~REVENUE~~INCOME TAX EXPENSE

	Six Months Ended June 30,
	2023		2022
Consultation	$	43,317	$	-
Total Revenue	$	43,317	$	-

The Company uses the asset-liability method of accounting for income taxes prescribed by ASC 740 Income Taxes. The Company and its subsidiaries each file their taxes individually.

~~The~~United ~~Company’s revenue for the six months ended June 30, 2023 derived from its provision to a customer of consulting services as well as plans and designs for charging piles for Shanghai Jieshi.~~States

~~NOTE~~JRSS is 8subject to the United States of America tax at a tax rate of 21%. ~~INCOME~~No ~~TAX~~provision ~~EXPENSE~~for the US federal income taxes has been made as the Company had no US taxable income for the periods presented, and its earnings are planned to be reinvested indefinitely into the operations of the Company in the PRC.

The following ~~Company~~table ~~uses~~shows the ~~asset-liability~~components ~~method~~ of ~~accounting~~ ~~for~~the ~~income~~allowance ~~taxes~~for ~~prescribed~~US byincome ~~ASC~~tax ~~740~~recorded ~~Income~~for ~~Taxes.~~the ~~The~~nine ~~Company~~months ~~and~~ended ~~its~~September ~~subsidiaries~~30, ~~each file their taxes individually.~~2023:

United States

	Amounts
Loss before income tax	$	(228,754	)
Tax rate at 21%		(48,038	)
Allowance on tax losses		48,038
Income tax expense	$	-

JRSS is subject to the United States of America tax at a tax rate of 21%. No provision for the US federal income taxes has been made as the Company had no US taxable income for the periods presented, and its earnings are planned to be reinvested indefinitely into the operations of the Company in the PRC.BVI

~~The~~JHCL was ~~following~~incorporated ~~table~~in ~~shows~~ the ~~components~~BVI ofand, under the ~~allowance~~ ~~for~~current USlaws ~~income~~of ~~tax~~the ~~recorded~~BVI, ~~for~~it ~~the~~is ~~six~~not ~~months~~subject ~~ended~~to ~~June~~income ~~30, 2023:~~tax.

	Amounts
Loss before income tax	$	(146,932	)
Tax rate at 21%		(30,856	)
Allowance on tax losses		30,856
Income tax expense	$	-

Hong Kong

~~BVI~~Runteng was incorporated in Hong Kong and is subject to Hong Kong profits tax. Runteng is subject to Hong Kong taxation on its activities conducted in Hong Kong and income arising in or derived from Hong Kong. The applicable statutory tax rate is 16.5%.

~~JHCL was incorporated in the BVI and, under the current laws of the BVI, it is not subject to income tax.~~F-13

~~Hong~~JRSIS HEALTH ~~Kong~~CARE CORPORATION

~~Runteng was incorporated in Hong Kong and~~NOTES isTO ~~subject~~CONSOLIDATED toFINANCIAL ~~Hong Kong profits tax. Runteng is subject to Hong Kong taxation on its activities conducted in Hong Kong and income arising in or derived from Hong Kong. The applicable statutory tax rate is 16.5%.~~STATEMENTS

~~F-13~~(AMOUNTS IN USD)

~~JRSIS~~NOTE 7. ~~HEALTH~~INCOME ~~CARE~~TAX ~~CORPORATION~~EXPENSE (Continued)

~~NOTES~~The following TOtable ~~CONSOLIDATED FINANCIAL~~shows ~~STATEMENTS~~the components of the allowance for Hong Kong income tax recorded for the nine months ended September 30, 2023:

(AMOUNTS IN USD)

		Amounts
Loss before income tax	$	-
Tax rate at 16.5%		-
Disallowed tax losses		-
Income tax expense	$	-

~~NOTE 8. INCOME TAX EXPENSE (Continued)~~PRC

~~The~~Corporate ~~following~~Income ~~table~~Tax ~~shows~~(CIT) is determined under the ~~components~~Provisional Regulations of ~~the~~PRC ~~allowance~~Concerning ~~for~~Income ~~Hong~~Tax ~~Kong~~on ~~income~~Enterprises promulgated by the PRC. Income tax ~~recorded~~is ~~for~~payable ~~the~~by ~~six~~enterprises ~~months~~at ~~ended~~a ~~June~~rate ~~30,~~of 25% ~~2023:~~ of their taxable income.

		Amounts
Loss before income tax	$	-
Tax rate at 16.5%		-
Disallowed tax losses		-
Income tax expense	$	-

The following table shows the components of the allowance for PRC income tax recorded for the nine months ended September 30, 2023:

PRC

	Amounts
Loss before income tax	$	(114,548	)
Tax rate at 25%		(28,637	)
Allowance on tax losses		28,637
Income tax expense	$	-

~~Corporate Income Tax (CIT) is determined under~~NOTE ~~the Provisional Regulations of PRC Concerning Income Tax on Enterprises promulgated by the PRC~~8. ~~Income~~RELATED ~~tax~~PARTY ~~is payable by enterprises at a rate of 25% of their taxable income.~~TRANSACTIONS

The following ~~table~~is ~~shows~~ the ~~components~~list of the ~~allowance~~ ~~for~~related ~~PRC~~parties ~~income~~with ~~tax~~which ~~recorded for~~ the ~~six~~Company ~~months~~had ~~ended June 30, 2023~~transactions:

	Amounts
Loss before income tax	$	(77,237	)
Tax rate at 25%		(19,309	)
Allowance on tax losses		19,309
Income tax expense	$	-

Amount due (to)/ from related parties

~~NOTE~~Amount due 9.(to)/ ~~RELATED~~from ~~PARTY~~related ~~TRANSACTIONS~~parties consisted of the following as of the periods indicated:

The following is the list of the related parties with which the Company had transactions:

Name of related parties	September 30, 2023			December 31, 2022
	(Unaudited)
Zhuowei Zhong	$	(75,099	)	$	854

~~Amount~~ Amounts due (to)/ Zhuowei Zhong as at September 30, 2023, the Chairman of the Company, represented the amounts paid by Mr. Zhong for the daily operation of the company, and the amounts due from ~~related~~Zhuowei ~~parties~~Zhong as at December 31, 2022 represented excess reimbursement from the company.

~~Amount due (to)/ from related parties consisted of the following as of the periods indicated:~~ F-14

Name of related parties	June 30, 2023			December 31, 2022
	(Unaudited)
Zhuowei Zhong	$	(49,491	)	$	854

JRSIS HEALTH CARE CORPORATION

~~Amounts due to Zhuowei Zhong as at June 30, 2023,~~NOTES ~~the~~TO ~~Chairman~~CONSOLIDATED ofFINANCIAL the Company, represented the amounts paid by Mr. Zhong for the daily operation of the company, and the amounts due from Zhuowei Zhong as at December 31, 2022 represented excess reimbursement from the company.STATEMENTS

~~F-14~~(AMOUNTS IN USD)

~~JRSIS~~NOTE 8. ~~HEALTH~~RELATED ~~CARE~~PARTY ~~CORPORATION~~TRANSACTIONS (Continued)

~~NOTES TO CONSOLIDATED~~Related ~~FINANCIAL~~parties’ ~~STATEMENTS~~transactions

~~(AMOUNTS~~Related parties’ INtransactions ~~USD)~~consisted of the following for the periods indicated:

NOTE 9. RELATED PARTY TRANSACTIONS (Continued)

	Nine Months Ended
	September 30,
	2023		2022
	(Unaudited)		(Unaudited)
Stock-based compensation paid to:
Zhong Zhuowei (#1)	$	245,465	$	163,643

~~Related~~(#1)Zhong Zhuowei ~~parties~~is major shareholder holding 80.7% and 0% of the Company’s issued and outstanding common stock as of March 31, 2023 and 2022, respectively. On May 5, 2022, the Company issued 3,913,000 shares of its common stock to Zhong Zhuowei, pursuant to “agreement on the establishment of Laidian”, as compensation to serve as management to setup Laidian. As Mr. Zhong had previously acquired 800,000 shares in private transactions, he owned 4,713,000 shares (80.7%) of the Company’s common stock as on May 5, 2022.

~~Related~~On same ~~parties~~day, the Company issued 3,913,000 shares of its common stock to Zhong Zhuowei in compensation for his undertaking to provide management services and financing in connection with the initiation of operations of Laidian. These shares had a negotiated value of $1,056,510. $74,652 of that sum was treated as reimbursement for Mr. Zhong’s ~~transactions~~contribution ~~consisted~~of Laidian’s paid in capital. The remaining $981,858 was classified as share-based compensation and capitalized as a deferred expense to be amortized over the three years commencing in April of 2022. For the ~~following~~nine ~~for~~months ended September, 2023 and 2022, the ~~periods~~Company ~~indicated:~~recorded $245,465 and $163,643 compensation expenses respectively.

	Six Months Ended
	June 30,
	2023		2022
	(Unaudited)		(Unaudited)
Stock-based compensation paid to:
Zhong Zhuowei (#1)	$	163,643	$	81,822

NOTE 9. BASIC AND DILUTED EARNINGS PER SHARE

~~(#1)Zhong~~Basic earnings ~~Zhuowei~~per share is ~~major~~computed ~~shareholder~~using ~~holding 80.7%~~the ~~and~~weighted 0%average number of ~~the~~common ~~Company’s~~stock ~~issued and~~ outstanding ~~common~~during ~~stock~~the asperiod. ofDiluted ~~March~~earnings ~~31,~~per share ~~2023~~is ~~and~~computed ~~2022,~~using ~~respectively.~~the Onweighted ~~May~~average 5,number ~~2022,~~of ~~the Company~~common ~~issued~~stock 3and,~~913,000~~ ~~shares~~if ofdilutive, ~~its~~potential common stock tooutstanding ~~Zhong~~during ~~Zhuowei,~~the ~~pursuant~~period. Potential tocommon ~~“agreement~~stock oncomprises shares issuable upon the ~~establishment~~exercise of ~~Laidian”~~share-based awards, as ~~compensation~~using tothe ~~serve~~treasury asstock ~~management~~method. toThe ~~setup~~reconciliation of ~~Laidian.~~the Asnumerators ~~Mr.~~and ~~Zhong~~denominators ~~had~~of ~~previously~~the ~~acquired~~basic ~~800,000~~and ~~shares~~diluted inearnings ~~private~~per ~~transactions, he~~share ~~owned~~computations ~~4,713,000~~for ~~shares~~income (~~80.7%~~loss) offrom ~~the~~operations ~~Company’s~~is ~~common stock~~ shown as ~~on May 5, 2022.~~follows:

On same day, the Company issued 3,913,000 shares of its common stock to Zhong Zhuowei in compensation for his undertaking to provide management services and financing in connection with the initiation of operations of Laidian. These shares had a negotiated value of $1,056,510. $74,652 of that sum was treated as reimbursement for Mr. Zhong’s contribution of Laidian’s paid in capital. The remaining $981,858 was classified as share-based compensation and capitalized as a deferred expense to be amortized over the three years commencing in April of 2022. For the six months ended June, 2023 and 2022, the Company recorded $163,643 and $81,822 compensation expenses respectively.

	Nine Months Ended September 30,
	2023			2022
	(Unaudited)			(Unaudited)
Numerator:
Net loss available to common stockholders	$	(343,302	)	$	(33,675,739	)
Net loss from continued operations		(343,302	)		(282,069	)
Net loss from discontinued operations		-			(33,393,670	)
Denominator:
Basic weighted average number of shares outstanding*		5,836,659			4,058,356
Diluted weighted average number of shares outstanding*		5,836,659			4,058,356
Net income (loss) per share:
Net income (loss) per share of common stock
Basic earnings per share*	$	(0.059	)	$	(8.298	)
Diluted earnings per share*	$	(0.059	)	$	(8.298	)
Net loss from continuing operations per share of common stock
Basic earnings per share*	$	(0.059	)	$	(0.070	)
Diluted earnings per share*	$	(0.059	)	$	(0.070	)
Net income from discontinuing operations per share of common stock
Basic earnings per share*	$	-		$	(8.228	)
Diluted earnings per share*	$	-		$	(8.228	)

~~NOTE~~* ~~10. BASIC~~Adjusted ~~AND DILUTED~~for ~~EARNINGS~~the ~~PER~~1-for-10 ~~SHARE~~reverse stock split

~~Basic~~The dilutive earnings per share iswill ~~computed~~not ~~using~~be ~~the weighted average number of common stock outstanding during the period. Diluted earnings per share is~~ computed ~~using the weighted average number of common stock and,~~ if ~~dilutive, potential common stock outstanding during~~ the ~~period.~~effect ~~Potential~~would ~~common~~be ~~stock comprises shares issuable upon the exercise of share~~anti-~~based awards, using the treasury stock method~~dilutive. ~~The reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for income (loss) from operations is shown as follows:~~

	Six Months Ended June 30,
	2023			2022
	(Unaudited)			(Unaudited)
Numerator:
Net loss available to common stockholders	$	(224,169	)	$	(33,543,279	)
Net loss from continued operations		(224,169	)		(149,609	)
Net loss from discontinued operations		-			(33,393,670	)
Denominator:
Basic weighted average number of shares outstanding*		5,836,659			3,125,053
Diluted weighted average number of shares outstanding*		5,836,659			3,125,053
Net income (loss) per share:
Net income (loss) per share of common stock
Basic earnings per share*	$	(0.038	)	$	(10.734	)
Diluted earnings per share*	$	(0.038	)	$	(10.734	)
Net loss from continuing operations per share of common stock
Basic earnings per share*	$	(0.038	)	$	(0.048	)
Diluted earnings per share*	$	(0.038	)	$	(0.048	)
Net income from discontinuing operations per share of common stock
Basic earnings per share*	$	-		$	(10.686	)
Diluted earnings per share*	$	-		$	(10.686	)

F-15

*JRSIS HEALTH ~~Adjusted~~CARE ~~for the 1-for-10 reverse stock split~~CORPORATION

~~The dilutive earnings per share will not be~~NOTES ~~computed~~TO ifCONSOLIDATED ~~the~~FINANCIAL ~~effect would be anti-dilutive.~~STATEMENTS

~~F-15~~(AMOUNTS IN USD)

~~JRSIS~~NOTE 10. ~~HEALTH~~CONTINGENCIES ~~CARE~~AND ~~CORPORATION~~COMMITMENT

~~NOTES~~Certain conditions TOmay ~~CONSOLIDATED~~exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which ~~FINANCIAL~~will ~~STATEMENTS~~only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. There was no contingency of this type as of September 30, 2023 and December 31, 2022.

~~(AMOUNTS~~If the INassessment ~~USD)~~of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. There was no contingency of this type as of September 30, 2023 and December 31, 2022.

~~NOTE~~Loss contingencies ~~11.~~considered ~~CONTINGENCIES~~to ~~AND~~be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee ~~COMMITMENT~~would be disclosed.

~~Certain conditions may exist as of the date the~~NOTE ~~consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur~~11. ~~The~~COMMON Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. There was no contingency of this type as of June 30, 2023 and December 31, 2022.STOCK

IfOn March 17, 2022, the ~~assessment~~Company ofentered ainto ~~contingency~~an ~~indicates~~agreement ~~that it~~on isthe ~~probable~~establishment ~~that~~of aLaidian ~~material~~with ~~loss~~Zhong ~~has~~Zhuowei. ~~been~~The ~~incurred~~agreement ~~and~~contained ~~the~~a ~~amount~~covenant by ofZhong ~~the~~Zhuowei ~~liability~~to ~~can~~fund bethe ~~estimated~~operations of Laidian, ~~then~~which ~~the~~is ~~estimated~~100% ~~liability~~owned ~~would be~~by ~~accrued~~Runteng, in ~~the~~consideration ~~Company~~of Mr. Zhong’s financial ~~statements.~~commitment and Ifcommitment to provide management services, the ~~assessment~~Company ~~indicates~~agreed ~~that~~to aissue ~~potential~~3,913,000 ~~material~~shares ~~loss~~of ~~contingency~~its iscommon ~~not probable~~stock ~~but~~to isZhong ~~reasonably~~Zhuowei ~~possible,~~upon the orinitiation isof ~~probable~~operations ~~but~~of ~~cannot~~Laidian. beOn ~~estimated~~May 5, ~~then~~2022, the ~~nature~~Company ofissued ~~the~~3,913,000 ~~contingent~~shares ~~liability,~~of ~~together~~its ~~with an~~common ~~estimate~~stock ofto ~~the~~Zhong ~~range~~Zhuowei. ofAs Mr. ~~possible~~Zhong ~~loss~~had ifpreviously ~~determinable~~acquired ~~and~~800,000 ~~material~~shares ~~would~~in beprivate ~~disclosed.~~transactions, ~~There~~he ~~was~~owned no4,713,000 ~~contingency~~shares (80.7%) of ~~this~~the ~~type~~Company’s ~~as of~~common ~~June~~stock ~~30,~~as ~~2023~~on ~~and~~May ~~December 31~~5, 2022.

~~Loss~~On May ~~contingencies~~17, ~~considered~~2022, tothe beCompany ~~remote~~issued ~~by management~~a ~~are~~total ~~generally~~of 600,000 share ~~not~~of ~~disclosed~~common ~~unless~~stock ~~they~~for ~~involve guarantees~~US$60,000 at inUS$0.01 per ~~which~~share ~~case~~to ~~the~~six non-US ~~guarantee would be disclosed~~shareholders.

~~NOTE~~On April 1228, 2022, Runteng entered into an agreement regarding a transfer of Jiarun’s equity with Zhang Junsheng. ~~COMMON~~Pursuant ~~STOCK~~to the transfer agreement, Runteng transferred to Mr. Zhang equity interest in Jiarun, representing 70% of equity interest in Jiarun and Mr. Zhang transferred to Runteng 539,200 shares of the Company’s common stock. On May 27, 2022, the Company cancelled the 539,200 shares of the Company’s common stock. Since this transaction required certain authoritative approval before effective, the publication of these transactions was delayed so as to obtain all parties consent and advance authoritative approval. As of May 27, 2022, the issued and outstanding share number of the Company was 5,836,657, the balance of the number of shares held by Mr. Zhang and Mr. Zhong were nil (0%) and 4,713,000 (80.7%), respectively.

On May ~~March 17~~1, ~~2022~~2023, the Company’s ~~entered~~Board ~~into~~of ~~an agreement~~Directors onand the ~~establishment~~holder of ~~Laidian~~a ~~with~~majority ~~Zhong~~of ~~Zhuowei.~~the ~~The~~voting ~~agreement~~power ~~contained~~in athe ~~covenant~~Company byapproved ~~Zhong~~a ~~Zhuowei~~1-for-10 reverse tostock ~~fund~~split ~~the operations~~ of ~~Laidian,~~the ~~which~~Company’s iscommon ~~100%~~stock ~~owned~~(the by“Reverse ~~Runteng,~~Stock inSplit”) ~~consideration~~which ofwas ~~Mr.~~implemented ~~Zhong’s~~on ~~financial~~June ~~commitment~~29, ~~and commitment to provide management~~2023. ~~services,~~After the ~~Company~~Reverse ~~agreed~~Stock toSplit, ~~issue~~each ~~3,913,000~~ten (10) shares of ~~its~~the Corporation’s common stock toissued ~~Zhong~~and ~~Zhuowei~~outstanding ~~upon~~shall ~~the~~automatically be ~~initiation~~combined ofinto ~~operations~~one (1) share of ~~Laidian. On~~the ~~May~~Corporation’s 5,common ~~2022~~stock, ~~the~~par ~~Company~~value ~~issued~~$0.001 ~~3,913,000~~per share. No fractional shares of ~~its~~ common stock shall tobe ~~Zhong~~issued ~~Zhuowei.~~in Asconnection ~~Mr.~~with ~~Zhong~~the ~~had~~Reverse ~~previously~~Stock ~~acquired~~Split. ~~800~~Rather,~~000~~ fractional shares increated ~~private~~as ~~transactions,~~a heresult ~~owned~~of ~~4,713,000~~the ~~shares~~Reverse ~~(80.7%)~~Stock ofSplit shall ~~the~~be ~~Company’s~~rounded ~~common~~up ~~stock~~to asthe onnext ~~May~~largest 5,whole ~~2022~~number of shares.

~~On May 17~~There were 5, ~~2022~~836,659 common ~~the~~stock ~~Company~~ issued aand ~~total~~outstanding ~~of 600,000 share of~~at ~~common~~September ~~stock for US$60~~30,~~000 at~~ ~~US$0.01 per~~2023 ~~share~~and toDecember ~~six~~31, ~~non-US shareholders~~2022.

On April 28, 2022, Runteng entered into an agreement regarding a transfer of Jiarun’s equity with Zhang Junsheng. Pursuant to the transfer agreement, Runteng transferred to Mr. Zhang equity interest in Jiarun, representing 70% of equity interest in Jiarun and Mr. Zhang transferred to Runteng 539,200 shares of the Company’s common stock. On May 27, 2022, the Company cancelled the 539,200 shares of the Company’s common stock. Since this transaction required certain authoritative approval before effective, the publication of these transactions was delayed so as to obtain all parties consent and advance authoritative approval. As of May 27, 2022, the issued and outstanding share number of the Company was 5,836,657, the balance of the number of shares held by Mr. Zhang and Mr. Zhong were nil (0%) and 4,713,000 (80.7%), respectively.F-16

~~On May 1, 2023, the Company’s Board of Directors~~JRSIS ~~and~~HEALTH ~~the~~CARE holder of a majority of the voting power in the Company approved a 1-for-10 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) which was implemented on June 29, 2023. After the Reverse Stock Split, each ten (10) shares of the Corporation’s common stock issued and outstanding shall automatically be combined into one (1) share of the Corporation’s common stock, par value $0.001 per share. No fractional shares of common stock shall be issued in connection with the Reverse Stock Split. Rather, fractional shares created as a result of the Reverse Stock Split shall be rounded up to the next largest whole number of shares.CORPORATION

~~There were 5,836,659 common stock issued~~NOTES ~~and~~TO ~~outstanding~~CONSOLIDATED atFINANCIAL ~~June 30, 2023 and December 31, 2022.~~STATEMENTS

~~NOTE~~(AMOUNTS IN ~~13. GOING CONCERN~~USD)

~~As reflected in the accompanying consolidated~~NOTE ~~financial statements, the Company had a recurring loss of $224,169 and $23,929,915 negative retained earnings or accumulated deficit as of June 30, 2023~~12. ~~These~~GOING factors raised substantial doubt about its ability to continue as a going concern. In view of the matter described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to raise additional capital, obtain financing and succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.CONCERN

ToAs reflected ~~continue~~in asthe aaccompanying ~~going~~consolidated ~~concern~~financial statements, the Company ~~is actively~~had ~~pursuing~~a ~~additional~~recurring ~~funding~~loss of $343,302 and ~~strategic~~$24,049,048 ~~partners~~negative retained toearnings ~~enable~~or itaccumulated todeficit ~~implement~~as of September 30, 2023. These factors raised substantial doubt about its ~~business~~ability ~~plan~~to continue as a going concern. In ~~addition~~view of the matter described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is ~~also~~dependent upon the Company’s ~~working~~ability to ~~devote~~raise ~~more~~additional ~~efforts~~capital, toobtain ~~improve~~financing ~~its~~and ~~operation~~succeed ~~and~~in ~~generate~~its ~~more~~future ~~profits~~operations. ~~Besides,~~The ~~the~~financial ~~major~~statements ~~shareholder~~do ~~will~~not ~~continuously~~include ~~provide~~any ~~financial~~adjustments ~~support~~relating to the ~~Company.~~recoverability ~~Management~~and ~~believes~~classification of recorded asset amounts or amounts and classification of liabilities that ~~these~~might ~~actions~~be ~~will~~necessary ~~allow~~should the Company be unable to continue ~~its~~as ~~operations~~a ~~through~~going ~~the next fiscal year~~concern.

~~NOTE~~To continue 14as a going concern, the Company is actively pursuing additional funding and strategic partners to enable it to implement its business plan. ~~SUBSEQUENT~~ In addition, the Company is also working to devote more efforts to improve its operation and generate more profits. Besides, ~~EVENTS~~the major shareholder will continuously provide financial support to the Company. Management believes that these actions will allow the Company to continue its operations through the next fiscal year.

~~The Management~~NOTE ~~of the Company has determined that there were no~~13. ~~material~~SUBSEQUENT ~~subsequent events required to be disclosed or because of which adjustments are needed.~~EVENTS

~~F-16~~On October 18, 2023 JRSIS entered into an Agreement to Contract (the “Agreement”) with Laidian, Zhuowei Zhong, Yongzhou Jumi Intelligent Technology Co., Ltd. (“Yongzhou JIT”), Guangzhou Jumi Intelligent Equipment Co., Ltd. (“Guangzhou JIE”), Linhai Zhu, Yulin Investment (Guangzhou) Partnership L.P. (“Yulin IGP”), Jumi Intelligent Information Technology (Guangzhou) Partnership L.P. (“Jumi IIP”) and Jumi Group Company, Ltd. (“Jumi GCL”). The Agreement contemplates that Laidian will enter into a set of agreements with Yongzhou JIT and Guangzhou JIE (the “Management Agreements”) pursuant to which Laidian will provide to Yongzhou JIT the management services of Laidian’s President, Zhuowei Zhong. In exchange for those services, Yongzhou JIT will pay to Laidian 85.53% of any net income that Yongzhou JIT earns from its medical technology business while being managed by Zhuowei Zhong. In consideration of the agreement by the owners of Yongzhou JIT (i.e. Guangzhou JIE, Linhai Zhu, Yulin IGP and Jumi IIP to the adoption of the Management Agreements by Yongzhou JIT and Guangzhou JIE, JRSIS will issue to Jumi GCL 76,757,439 shares of its common stock. Jumi GCL is a holding company owned by Linhai Zhu, Yulin IGP and Jumi IIP, who are the beneficial owners of 85.53% of Guangzhou JIE, which owns 100% of Yongzhou JIT.

~~ITEM~~The Management 2.Agreements ~~MANAGEMENT’S~~will ~~DISCUSSION~~be ~~AND~~executed ~~ANALYSIS~~and OFJRSIS ~~FINANCIAL~~will ~~CONDITION~~issue ~~AND~~the ~~RESULTS~~common OFshares ~~OPERATIONS~~to Jumi GCL at a closing after three conditions to closing have been satisfied:

~~Cautionary~~● ~~Statement Regarding~~Yongzhou ~~Forward~~JIT ~~Looking~~shall ~~Statements~~have delivered to JRSIS US-GAAP audited financial statements of Yongzhou JIT for the past two fiscal years and such unaudited interim financial statements as will be required by the Rules of the SEC.

~~The~~● ~~discussion contained~~Zhifei inHuang ~~this Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended,~~ and ~~Section~~Zhuowen ~~21E~~Chen ofshall ~~the~~have ~~United~~resigned States Securities Exchange Act of 1934, as amended. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases like “anticipate,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “target,” “expects,” “management believes,” “we believe,” “we intend,” “we may,” “we will,” “we should,” “we seek,” “we plan,” the negative of those terms, and similar words or phrases. We base these forward-looking statements on our expectations, assumptions, estimates and projections about our business and the industry in which we operate as of the date of this Form 10-Q. These forward-looking statements are subject to a number of risks and uncertainties that cannot be predicted, quantified or controlled and that could cause actual results to differ materially from ~~those set forth in, contemplated by, or underlying~~ the ~~forward-looking~~JRSIS ~~statements.~~Board The “Risk Factors” section in our Annual Report on Form 10-K describes factors, among others, that could contribute to or cause these differences. Actual results may vary materially from those anticipated, estimated, projected or expected should one or more of ~~these~~Directors risks or uncertainties materialize, or should underlying assumptions prove incorrect. Because the factors discussed in the Risk Factors section of our Form 10-K could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement made by us or on our behalf, you should not place undue reliance on any such forward-looking statement. New factors emerge from time to time, and itLinhai isZhu ~~not~~shall ~~possible~~have ~~for~~been usappointed to ~~predict~~ ~~which~~serve ~~will arise. In addition, we cannot assess the impact of each factor~~ on ~~our business or~~ the ~~extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement~~Board. ~~Except as required by law, we undertake no obligation to publicly revise our forward-looking statements to reflect events or circumstances that arise after the date of this Form 10-Q.~~

● The ~~following~~parties ~~discussion and~~shall ~~analysis of our financial condition and results of operations are based upon our consolidated financial statements and the notes thereto included elsewhere in this Quarterly Report on Form 10-Q, which~~ have ~~been~~agreed ~~prepared in accordance with accounting principles generally accepted in the United States. The preparation of such financial statements requires us to make estimates and judgments~~ that ~~affect~~ the ~~reported~~ ~~amounts~~Management ~~of assets~~Agreements, ~~liabilities,~~when ~~revenues and expenses. On an ongoing basis~~signed, wewill ~~evaluate~~comply ~~these~~with ~~estimates,~~applicable ~~including~~laws ~~those related to useful lives~~ of ~~real~~the ~~estate~~Peoplee ~~assets, bad debts, impairment, contingencies and litigation~~SEC. ~~We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under~~ the ~~circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources~~SEC.osing ~~There~~have ~~can~~been besatisYongzhou noJIT ~~assurance that~~a ~~actual~~variable ~~results~~interest ~~will~~entity ~~not~~with ~~differ~~respect ~~from those estimates. The analysis set forth below is provided pursuant~~ to ~~applicable~~Laidian ~~SEC~~under ~~regulations and is not intended to serve as a basis for projections of future events~~US-GAAP.

2If the closing does not occur on or before December 31, 2023, the Agreement will terminate.

~~Overview~~Other than the above, the Management of the Company has determined that there were no other material subsequent events required to be disclosed or because of which adjustments are needed.

On November 20, 2013, Junsheng Zhang, the senior officer of Jiarun, established JRSIS Health Care Corporation, a Florida corporation (“JRSS” or the “Company”). On February 25, 2013, the officer of Jiarun established JRSIS Health Care Limited (“JHCL”), as a wholly owned subsidiary of the Company, and on September F-17, 2012, the officer of Jiarun established Runteng Medical Group Co., Ltd (“Runteng”), as a wholly owned subsidiary of JHCL. Until April 28, 2022 Runteng, a Hong Kong registered Investment Company, held 70% equity interest in Jiarun.

~~On December 20, 2013,~~ITEM ~~the Company acquired 100% of the issued and outstanding capital stock of JHCL, for 12,000,000 shares of its common stock~~2. ~~JHCL,~~MANAGEMENT’S ~~through its~~DISCUSSION ~~wholly~~AND ~~owned~~ANALYSIS ~~subsidiary,~~OF ~~Runteng~~FINANCIAL ~~Medical~~CONDITION ~~Group~~AND ~~Co.,~~RESULTS ~~Ltd,~~OF holds majority ownership in Jiarun, a company duly incorporated, organized and validly existing under the laws of China. Until 2022, JRSS relied on Jiarun to conduct 100% of its businesses and operations.OPERATIONS

~~On March 17, 2022, the~~Cautionary ~~Company~~Statement ~~entered~~Regarding ~~into~~Forward anLooking agreement on the establishment of Laidian Technology (Zhongshan) Co., Ltd. (“Laidian”) with Zhong Zhuowei. The agreement contains a covenant by Zhong Zhuowei to fund the operations of Laidian which is 100% owned by Runteng, in consideration of Mr. Zhong’s financial commitment and commitment to provide management services, the Company agreed to issue 3,913,000 shares of its common stock to Zhong Zhuowei upon the initiation of operations of Laidian.Statements

OnThe discussion ~~April~~contained 12in this Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, ~~2022~~as amended, ~~Runteng~~and ~~has~~Section ~~setup~~21E of the United States Securities Exchange Act of 1934, as amended. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and ~~owned~~may be forward-looking. These statements are often, but not always, made through the use of words or phrases like “anticipate,” ~~100%~~“estimate,” “plans,” “projects,” “continuing,” “ongoing,” “target,” “expects,” “management believes,” “we believe,” “we intend,” “we may,” “we will,” “we should,” “we seek,” “we plan,” the negative of those terms, and similar words or phrases. We base these forward-looking statements on our expectations, assumptions, estimates and projections about our business and the ~~equity~~industry in ~~Laidian~~which we operate as of the date of this Form 10-Q. These forward-looking statements are subject to ~~engage~~a number of risks and uncertainties that cannot be predicted, quantified or controlled and that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the ~~business~~forward-looking statements. The “Risk Factors” section in our Annual Report on Form 10-K describes factors, among others, that could contribute to or cause these differences. Actual results may vary materially from those anticipated, estimated, projected or expected should one or more of ~~providing~~these ~~charging~~risks ~~services~~or uncertainties materialize, or should underlying assumptions prove incorrect. Because the factors discussed in the Risk Factors section of our Form 10-K could cause actual results or outcomes to ~~electric~~differ ~~vehicles~~materially ~~incorporated~~from those expressed in ~~Zhongshan~~any forward-looking statement made by us or on our behalf, you should not place ~~City~~undue reliance on any such forward-looking statement. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of ~~Guangdong~~each factor on our business or the extent to which any factor, ~~China~~or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law, we undertake no obligation to publicly revise our forward-looking statements to reflect events or circumstances that arise after the date of this Form 10-Q.

OnThe following ~~April~~discussion ~~28,~~and ~~2022,~~analysis ~~JRSS~~of our financial condition and results of operations are based upon our consolidated financial statements ~~completed~~and the ~~spin-off~~notes ofthereto ~~its~~included ~~subsidiary~~elsewhere ~~Jiarun~~in this Quarterly Report on Form 10-Q, aswhich ~~JRSS’s~~have ~~subsidiary~~been ~~Runteng~~prepared ~~transferred~~in ~~its~~accordance ~~70%~~with ~~equity~~accounting principles ~~interest~~generally accepted in ~~Jiarun~~the United States. The preparation of such financial statements requires us to ~~Zhang~~make estimates and judgments ~~Junsheng~~that (affect the ~~“Spin-Off”)~~reported amounts of assets, liabilities, revenues and expenses. InOn ~~exchange~~an ~~for~~ongoing ~~the~~basis, ~~70%~~we ~~equity~~evaluate ~~interest~~these inestimates, ~~Jiarun~~including those related to useful lives of real estate assets, ~~Zhang~~bad ~~Junsheng~~debts, ~~transferred~~impairment, contingencies and litigation. We base our estimates on historical experience and on various other assumptions that are believed to ~~Runteng~~be ~~539~~reasonable under the circumstances,~~200~~ the results of which form the ~~shares~~basis for making judgments about the carrying values of ~~JRSS’~~assets ~~common~~and ~~stock~~liabilities that are not readily apparent from other sources. There can be no assurance that actual results will not differ from those estimates. The analysis set forth below is provided pursuant to applicable SEC regulations and is not intended to serve as a basis for projections of future events.

On May 5, 2022, JRSS issued 3,913,000 shares of its common stock to Zhong Zhuowei. Under “agreement on the establishment of Laidian” to serve as a management and set up the Laidian. As Mr. Zhong had previously acquired 800,000 shares in private transactions, he owned 4,713,000 shares (80.7%) of JRSS’s common stock as on May 5, 2022.Overview

On November ~~May~~20, 172013, ~~2022~~Junsheng Zhang, the senior officer of Jiarun, established JRSIS Health Care Corporation, a Florida corporation (“JRSS” or the “Company”). ~~issued~~On February 25, 2013, the officer of Jiarun established JRSIS Health Care Limited (“JHCL”), as a ~~total~~wholly owned subsidiary of ~~600~~the Company,~~000~~ ~~share~~and on September 17, 2012, the officer of ~~common~~Jiarun ~~stock~~established ~~for~~Runteng ~~US$60~~Medical Group Co.,~~000~~ Ltd at(“Runteng”), ~~US$0~~as a wholly owned subsidiary of JHCL.01 ~~per~~Until ~~share~~April to28, ~~six~~2022 ~~non-US~~Runteng, ~~shareholders~~a Hong Kong registered Investment Company, held 70% equity interest in Jiarun.

On May 1, 2023, the Company’s Board of Directors and the holder of a majority of its voting power approved a 1-for-10 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) which was implemented on June 29, 2023. After the Reverse Stock Split, each ten (10) shares of the Corporation’s common stock issued and outstanding shall automatically be combined into one (1) share of the Corporation’s common stock, par value $0.001 per share, without any further action by the Corporation or the holder thereof (the “Reverse Stock Split”). No fractional shares of common stock shall be issued in connection with the Reverse Stock Split. Rather, fractional shares created as a result of the Reverse Stock Split shall be rounded up to the next largest whole number of shares. For further information regarding this Reverse Stock Split, see "NOTE 12. COMMON STOCK".2

~~Critical~~On December ~~Accounting~~20, 2013, the Company acquired 100% of the issued and outstanding capital stock of JHCL, for 12,000,000 shares of its common ~~Policies~~stock. JHCL, through its wholly owned subsidiary, Runteng Medical Group Co., Ltd, holds majority ownership in Jiarun, a company duly incorporated, organized and ~~Management~~validly ~~Estimates~~existing under the laws of China. Until 2022, JRSS relied on Jiarun to conduct 100% of its businesses and operations.

InOn March ~~preparing~~17, ~~our financial statements~~2022, wethe ~~are~~Company ~~required~~entered tointo ~~formulate~~an ~~accounting~~agreement ~~policies~~on ~~regarding~~the ~~valuation~~establishment of ~~our~~Laidian ~~assets~~Technology ~~and~~(Zhongshan) ~~liabilities~~Co., ~~and~~Ltd. (“Laidian”) with Zhong Zhuowei. The agreement contains a covenant by Zhong Zhuowei to ~~develop~~fund ~~estimates~~ the operations of ~~those~~Laidian ~~values.~~which Inis ~~our~~100% ~~preparation~~owned by Runteng, in consideration of ~~the~~Mr. Zhong’s financial ~~statements for~~commitment ~~the~~and ~~periods~~commitment ~~ended~~to ~~June~~provide ~~30,~~management ~~2023~~services, ~~there~~the ~~were~~Company noagreed ~~estimates~~to ~~made~~issue ~~which~~3,913,000 ~~were~~shares ~~(a)~~of ~~subject~~its tocommon astock ~~high~~to ~~degree~~Zhong ofZhuowei ~~uncertainty~~upon ~~and~~the ~~(b)~~initiation ~~material~~of tooperations ~~our~~of ~~results~~Laidian.

3On April 12, 2022, Runteng has setup and owned 100% of the equity in Laidian to engage in the business of providing charging services to electric vehicles incorporated in Zhongshan City of Guangdong, China.

~~Results~~On April 28, 2022, JRSS completed the spin-off of ~~Operations~~its subsidiary Jiarun, as JRSS’s subsidiary Runteng transferred its 70% equity interest in Jiarun to Zhang Junsheng (the “Spin-Off”). In exchange for ~~Three~~the ~~and~~70% ~~Six~~equity ~~Months~~interest ~~Ended~~in ~~June~~Jiarun, 30Zhang Junsheng transferred to Runteng 539,200 ~~2023~~shares ~~and~~of ~~2022~~ JRSS’ common stock.

~~The~~On May ~~following~~5, ~~table~~2022, ~~shows key~~JRSS ~~components~~issued 3,913,000 shares of its common stock to Zhong Zhuowei. Under “agreement on the ~~results~~establishment of ~~operations~~Laidian” to ~~for~~serve ~~the~~as ~~three~~a management and ~~six~~set ~~months~~up ~~ended~~the ~~June~~Laidian. 30As Mr. Zhong had previously acquired 800,000 ~~2023~~shares ~~and~~in private transactions, he owned 4,713,000 shares (80.7%) of JRSS’s common stock as on May 5, 2022:.

	Three Months Ended June 30,						Change
	2023			2022			Amount			%
Revenue:
Consultation		43,317			-			43,317			n/a
Total revenue		43,317			-			43,317			n/a
Operating costs and expenses:
Salaries and benefits		3,176			4,421			(1,245	)		(28	)%
Stock-based compensation		81,822			81,822			-			0	%
Office supplies		7,221			25,430			(18,209	)		(72	)%
Right-of-use assets amortization		5,441			5,615			(174	)		(3	)%
Lease liabilities interest expense		241			497			(256	)		(52	)%
Professional fee		48,335			8,000			40,335			504	%
Change in fair value of warrant liability		-			-			-			n/a
Depreciation		2,086			1,505			581			39	%
Total operating costs and expenses		148,322			127,290			21,032			17	%
Loss from operations before other income and income taxes		(105,005	)		(127,290	)		22,285			(18	)%
Other income		-			-			-			n/a
Loss from operations before income taxes		(105,005	)		(127,290	)		22,285			(18	)%
Income taxes		-			-			-			-
Net loss from continued operations		(105,005	)		(127,290	)		22,285			(18	)%
Net loss from discontinued operations		-			(36,054,805	)		36,054,805			(100	)%
Net loss	$	(105,005	)	$	(36,182,095	)	$	(36,070,090	)		(100	)%
Comprehensive income (Loss):
Foreign currency translation adjustment from continued operations		5,100			6,356			(1,244	)		(20	)%
Foreign currency translation adjustment from discontinued operations		-			104,913			(197,009	)		(100	)%
Comprehensive loss	$	(99,905	)	$	(36,070,826	)	$	35,970,921			(100	)%

On May 17, 2022, the Company issued a total of 600,000 share of common stock for US$60,000 at US$0.01 per share to six non-US shareholders.

4On May 1, 2023, the Company’s Board of Directors and the holder of a majority of its voting power approved a 1-for-10 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) which was implemented on June 29, 2023. After the Reverse Stock Split, each ten (10) shares of the Corporation’s common stock issued and outstanding shall automatically be combined into one (1) share of the Corporation’s common stock, par value $0.001 per share, without any further action by the Corporation or the holder thereof (the “Reverse Stock Split”). No fractional shares of common stock shall be issued in connection with the Reverse Stock Split. Rather, fractional shares created as a result of the Reverse Stock Split shall be rounded up to the next largest whole number of shares. For further information regarding this Reverse Stock Split, see “NOTE 11. COMMON STOCK”.

	Six Months Ended June 30,						Change
	2023			2022			$			%
Revenue:
Consultation		43,317			-			43,317			n/a
Total revenue		43,317			-			43,317			n/a
Operating costs and expenses:
Salaries and benefits		7,978			4,421			3,557			80	%
Stock-based compensation		163,643			81,822			81,821			100	%
Office supplies		10,777			39,756			(28,979	)		(73	)%
Right-of-use assets amortization		8,196			5,615			2,581			46	%
Lease liabilities interest expense		381			497			(116	)		(23	)%
Professional fee		72,287			16,000			56,287			352	%
Change in fair value of warrant liability		-			(7	)		7			(100	)%
Depreciation		4,224			1,505			2,719			181	%
Total operating costs and expenses		267,486			149,609			117,877			79	%
Loss from operations before other income and income taxes		(224,169	)		(149,609	)		(74,560	)		50	%
Other income		-			-			-			n/a
Loss from operations before income taxes		(224,169	)		(149,609	)		(74,560	)		50	%
Income tax		-			-			-			-
Loss from continued operations		(224,169	)		(149,609	)		(74,560	)		50	%
Net loss from discontinued operations		-			(33,393,670	)		33,393,670			(100	)%
Net loss	$	(224,169	)	$	(33,543,279	)	$	(33,319,110	)		(99	)%
Comprehensive income (loss):
Foreign currency translation adjustment from continued operations		4,843			17,557			(12,702	)		(72	)%
Foreign currency translation adjustment from discontinued operations		-			301,922			(301,922	)		(100	)%
Comprehensive loss	$	(219,326	)	$	(33,223,800	)	$	(33,004,474	)		(99	)%

Critical Accounting Policies and Management Estimates

5In preparing our financial statements, we are required to formulate accounting policies regarding valuation of our assets and liabilities and to develop estimates of those values. In our preparation of the financial statements for the periods ended September 30, 2023, there were no estimates made which were (a) subject to a high degree of uncertainty and (b) material to our results.

~~Revenue~~3

~~In the second quarter of 2023, the Company, through~~Results ~~its newly-organized subsidiary, Laidian, continued its business~~ of ~~providing~~Operations ~~consulting~~for ~~services~~Three ~~to enterprises seeking to develop~~ and ~~commercialize~~ EVNine ~~charging~~Months ~~stations~~Ended inSeptember ~~Dongguan City. Operating revenue for the six months ended June~~ 30, 2023 ~~was the fees for consulting services as well as planning~~ and ~~design of charging stations for Laidian’s customer.~~2022

~~Operating~~The following ~~Costs~~table shows key components of the results of operations for the three and ~~Expenses~~ nine months ended September 30, 2023 and 2022:

The Company’s continued operations for the six months ended June 30, 2023 consisted of organizing its subsidiary Laidian and collecting the equipment, facilities and personnel that will be needed for Laidian’s operations. Total operating costs and expenses were $267,486 for the six months ended June 30, 2023.

	Three Months Ended September 30,						Change
	2023			2022			Amount			%
Revenue:
Consultation		13,567			-			13,567			n/a
Total revenue		13,567			-			13,567			n/a

Operating costs and expenses:
Salaries and benefits		3,411			4,861			(1,450	)		(30	)%
Stock-based compensation		81,822			81,821			1			0	%
Office supplies		7,621			4,927			2,694			55	%
Right-of-use assets amortization		3,985			4,004			(19	)		0	%
Lease liabilities interest expense		109			319			(210	)		(66	)%
Professional fee		33,736			34,362			(626	)		(2	)%
Change in fair value of warrant liability		-			-			-			n/a
Depreciation		2,016			2,166			(150	)		(7	)%
Total operating costs and expenses		132,700			132,460			240			0	%
Loss from operations before other income and income taxes		(119,133	)		(132,460	)		13,327			(10	)%
Other income		-			-			-			n/a
Loss from operations before income taxes		(119,133	)		(132,460	)		13,327			(10	)%
Income taxes		-			-			-			-
Net loss from continued operations		(119,133	)		(132,460	)		13,327			(10	)%
Net loss from discontinued operations		-			-			-			n/a
Net loss	$	(119,133	)	$	(132,460	)	$	13,327			(10	)%
Comprehensive income (Loss):
Foreign currency translation adjustment from continued operations		874			3,741			(2,867	)		(77	)%
Foreign currency translation adjustment from discontinued operations		-			-			-			n/a
Comprehensive loss	$	(118,259	)	$	(128,719	)	$	10,460			(8	)%

61% of the costs and expenses for the six months ended June 30, 2023 were attributable to stock-based compensation. In April 2022, the Company issued 3,913,000 shares of its common stock to Zhong Zhuowei in consideration of his commitment to provide managerial services for the development of the Laidian’s charging station business and to provide such funds to Laidian as would be required to initiate its operations. These shares had a negotiated value of $1,056,510, of which $74,652 was reimbursement for Mr. Zhong’s payment of Laidian’s paid in capital. The remaining $981,858 was capitalized as deferred expenses and will be amortized as stock-based compensation over the three years commencing in April of 2022. For the six months ended June 30, 2023, the Company record $163,643 stock-based compensation expense by virtue of this amortization.4

The other significant operating expense was professional fees of $72,287 for six months ended June 30, 2023. These fees were primarily accounting and legal fees related to the Company’s U.S. reporting obligations.

	Nine Months Ended September 30,						Change
	2023			2022			$			%
Revenue:
Consultation		56,884			-			56,884			n/a
Total revenue		56,884			-			56,884			n/a

Operating costs and expenses:
Salaries and benefits		11,389			9,282			2,107			23	%
Stock-based compensation		245,465			163,643			81,822			50	%
Office supplies		18,398			34,195			(15,797	)		(46	)%
Right-of-use assets amortization		12,181			9,619			2,562			27	%
Lease liabilities interest expense		490			816			(326	)		(40	)%
Professional fee		106,023			60,850			45,173			74	%
Change in fair value of warrant liability		-			(7	)		7			(100	)%
Depreciation		6,240			3,671			2,569			70	%
Total operating costs and expenses		400,186			282,069			118,117			42	%
Loss from operations before other income and income taxes		(343,302	)		(282,069	)		(61,233	)		22	%
Other income		-			-			-			n/a
Loss from operations before income taxes		(343,302	)		(282,069	)		(61,233	)		22	%
Income tax		-			-			-			-
Loss from continued operations		(343,302	)		(282,069	)		(61,233	)		22	%
Net loss from discontinued operations		-			(33,393,670	)		33,393,670			(100	)%
Net loss	$	(343,302	)	$	(33,675,739	)	$	33,332,437			(99	)%
Comprehensive income (loss):
Foreign currency translation adjustment from continued operations		5,717			21,298			(15,581	)		(73	)%
Foreign currency translation adjustment from discontinued operations		-			301,922			(301,922	)		(100	)%
Comprehensive loss	$	(337,585	)	$	(33,352,519	)	$	33,014,934			(99	)%

~~Loss from operations and net loss~~Revenue

~~Loss from continued operations~~In ~~before~~the ~~income~~third ~~taxes~~quarter ~~was~~of ~~$224~~2023,~~169~~ ~~for~~ the ~~six~~Company, ~~months~~through ~~ended~~its ~~June~~newly-organized 30subsidiary, ~~2023~~Laidian, ~~attributable~~continued its business of providing consulting services to ~~the~~enterprises ~~$163,643~~seeking ~~stock-based~~to ~~compensation~~develop ~~expenses incurred~~and bycommercialize ~~issuing~~EV ~~3,913,000~~charging ~~shares~~stations ofin ~~common~~Dongguan ~~stock~~City. toOperating revenue for the ~~Company’s~~nine ~~new~~months ended ~~Chairman~~September 30, ~~Zhong~~2023 ~~Zhuowei.~~was ~~The~~the ~~balance~~fees offor ~~$66,966~~consulting ~~were~~services ~~incurred for~~as ~~normal~~well ~~operation~~as ~~expenses~~planning and design of charging stations for Laidian’s customer.

~~On April 28, 2022,~~Operating ~~the~~Costs ~~Company completed the spin-off of its subsidiary Jiarun,~~ and reclassified the results of Jiarun’s operations as discontinued operations. For the six months ended June 30, 2022, the Company realized net loss from discontinued operations of $33,393,670, which represented the net loss of Jiarun during that year.Expenses

~~After deducting the provision~~The ~~for income tax, the~~ Company’s ~~net~~continued ~~loss~~operations for the ~~six~~nine months ended ~~June~~September 30, 2023 ~~and~~consisted ~~2022~~of ~~was~~organizing ~~$224~~its subsidiary Laidian and collecting the equipment,~~169~~ facilities and personnel that will be needed for Laidian’s operations. Total operating costs and expenses were $33400,~~543~~186 for the nine months ended September 30,~~279~~ ~~respectively~~2023.

~~Foreign Currency Translation Adjustment.~~5

~~Our reporting currency~~61% isof the ~~U.S.~~costs ~~dollar.~~and ~~Our~~expenses ~~local~~for ~~currency,~~the ~~Renminbi~~nine ~~(RMB),~~months isended ~~our~~September ~~functional~~30, ~~currency.~~2023 ~~Results~~were ofattributable ~~operations~~to ~~and~~stock-based ~~cash~~compensation. ~~flows~~In ~~are~~April ~~translated~~2022, atthe ~~average~~Company ~~exchange~~issued ~~rates~~3,913,000 ~~during~~shares ~~the~~of ~~period,~~its ~~and~~common ~~assets~~stock ~~and~~to ~~liabilities~~Zhong ~~are~~Zhuowei ~~translated~~in atconsideration ~~the~~of ~~unified~~his ~~exchange~~commitment ~~rate~~to asprovide ~~quoted~~managerial byservices for the ~~People’s Bank~~development of ~~China at~~ the ~~end~~Laidian’s ofcharging ~~the~~station ~~period.~~business ~~Translation~~and ~~adjustments~~to ~~resulting~~provide ~~from~~such ~~this~~funds ~~process~~to ~~are~~Laidian ~~included~~as inwould ~~accumulated~~be ~~other~~required ~~comprehensive~~to initiate ~~income~~its inoperations. ~~the~~These ~~statement~~shares ofhad ~~stockholders’~~a ~~equity.~~negotiated ~~Transaction~~value ~~gains~~of ~~and~~$1,056,510, ~~losses~~of ~~that~~which ~~arise~~$74,652 ~~from~~was ~~exchange~~reimbursement ~~rate~~for ~~fluctuations~~Mr. onZhong’s ~~transactions~~payment of ~~denominated~~Laidian’s paid in acapital. ~~currency~~The ~~other~~remaining ~~than~~$981,858 ~~the~~was ~~functional~~capitalized ~~currency~~as ~~are~~deferred ~~included~~expenses inand ~~the~~will ~~results~~be ofamortized ~~operations~~ as ~~incurred.~~stock-based ~~For~~compensation over the ~~six~~three ~~months ended~~years ~~June~~commencing ~~30,~~in ~~2023~~April ~~and~~of 2022,. ~~foreign~~For ~~currency~~the ~~translation~~nine ~~adjustments~~months ofended ~~$4,843~~September ~~and $17~~30,~~557,~~ ~~respectively~~2023, ~~have~~the ~~been~~Company ~~reported~~record as$245,465 ~~other~~stock-based ~~comprehensive~~compensation ~~income~~expense inby ~~the~~virtue ~~consolidated statements~~ of ~~operations~~this ~~and comprehensive income (loss)~~amortization.

6The other significant operating expense was professional fees of $106,023 for nine months ended September 30, 2023. These fees were primarily accounting and legal fees related to the Company’s U.S. reporting obligations.

~~Liquidity~~Loss from operations and ~~Capital Resources~~net loss

AsLoss from ofcontinued ~~June~~operations ~~30,~~before ~~2023, the~~income ~~Company~~taxes ~~had~~was $28343,~~220~~302 offor ~~cash~~the ~~and~~nine ~~cash~~months ~~equivalents,~~ended aSeptember ~~decrease of $~~30,~~396~~ ~~from~~2023, ~~our~~attributable ~~cash~~to ~~and~~the ~~cash~~$245,465 stock-based ~~equivalents~~compensation ~~balance~~expenses ~~(included~~incurred ~~discontinued operations)~~by atissuing ~~December 31~~3,913,000 ~~2022.~~shares ~~The~~of ~~decrease~~common ~~was~~stock ~~primarily~~to ~~caused~~the byCompany’s ~~our~~new ~~net~~Chairman, ~~cash~~Zhong ~~used~~Zhuowei. The inbalance ~~operating~~of ~~activities~~$97,837 ~~which~~were ~~was~~incurred ~~$29,025~~ for ~~the~~ ~~six~~normal ~~months~~operation ~~ended June 30, 2023~~expenses.

~~Our~~On April 28, ~~working~~2022, ~~capital~~the ~~at June~~Company ~~30,~~completed ~~2023~~the spin-off of ~~was~~its ~~$548~~subsidiary Jiarun,~~209,~~ aand ~~decrease~~reclassified the results of ~~$207,410~~Jiarun’s operations ~~from~~as ~~our~~discontinued ~~$755,619~~operations. inFor ~~working~~the ~~capital~~nine atmonths ~~December~~ended 31September 30, 2022., ~~The~~the ~~decrease~~Company ~~was~~realized ~~primarily~~net loss from discontinued ~~attributable~~operations toof $33,393,670, which represented the ~~amortization~~net loss of ~~deferred~~Jiarun ~~expenses~~during that period.

~~The primary non-cash component of our working~~After ~~capital~~deducting atthe ~~June~~provision ~~30,~~for ~~2023~~income ~~was deferred expenses totaling $572~~tax,~~750.~~ ~~This balance was~~ the Company’s ~~grant~~net ofloss 3,913,000 shares of its common stock as officer compensation to Zhong Zhuowei upon the initiation of operations of Laidian. These shares had a negotiated value of $1,056,510, of which $74,652 was obligation for ~~Laidian’s paid in capital,~~ the ~~remaining~~nine ~~$981,858 was the expense of the Company for the 3 years after April of 2022. For the six~~ months ended ~~June~~September 30, 2023 ~~the~~and ~~Company~~2022 ~~record~~was $~~163~~343,~~643~~302 and ~~stock-based~~$33,675,739 ~~compensation expenses~~respectively.

~~Although our current~~Foreign ~~resources~~Currency ~~and~~Translation ~~cash flows are adequate to pay our current ongoing obligations, we anticipate that our future liquidity requirements will arise from the need to fund our growth and future capital expenditures~~Adjustment. The primary sources of funding for such growth requirements are expected to be additional funds raised from the sale of equity and/or debt financing. However, we can provide no assurances that we will be able to obtain additional financing on terms satisfactory to us.

~~Cash~~Our reporting ~~Flows~~currency is the U.S. dollar. Our local currency, Renminbi (RMB), is our functional currency. Results of operations and ~~Capital~~cash ~~Resources~~ flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of stockholders’ equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. For the nine months ended September 30, 2023 and 2022, foreign currency translation adjustments of $5,717 and $21,298, respectively, have been reported as other comprehensive income in the consolidated statements of operations and comprehensive income (loss).

~~Our cash flows for the~~Liquidity ~~six months ended June 30, 2023~~ and ~~2022~~Capital ~~are summarized below:~~ Resources

	Six Months Ended June 30,
	2023			2022
Net cash (used in) provided by operating activities	$	(28,376	)	$	2,132,017
Net cash used in investing activities		-			(2,827,559	)
Net cash provided by financing activities		-			161,795
Effect of exchange rate fluctuation on cash and cash equivalents		(2,020	)		(284,565	)
Net decrease in cash and cash equivalents		(30,396	)		(818,312	)
Cash and cash equivalents, beginning of period		58,616			855,971
Cash and cash equivalents, ending of period	$	28,220		$	37,659

As of September 30, 2023, the Company had $33,387 of cash and cash equivalents, a decrease of $25,229 from our cash and cash equivalents balance (included discontinued operations) at December 31, 2022. The decrease was primarily caused by our net cash used in operating activities, which was $20,180 for the nine months ended September 30, 2023.

~~Net~~Our working ~~Cash~~capital ~~(Used~~at September 30, 2023 was $436,182, a decrease of $319,437 from our $755,619 in) ~~Provided~~working bycapital ~~Operating~~at December 31, 2022. ~~Activities~~The decrease was primarily attributable to the amortization of deferred expenses.

Net cash used in operating activities for the six months ended June 30, 2023 was $28,376, a decrease of $97,549 from the cash used by continuing operations for the six months ended June 30, 2022. The Company also recorded $3,157,978 of cash provided by discontinued operations during the six months ended June 30, 2022, which represented cash flow from the operations of Jiarun Hospital, which was spun off from the Company in April 2022.6

~~Net~~The primary ~~Cash~~non-cash ~~Used~~component of our working capital at September 30, 2023 was deferred expenses totaling $490,928. This balance was the Company’s grant of 3,913,000 shares of its common stock as officer compensation to Zhong Zhuowei upon the initiation of operations of Laidian. These shares had a negotiated value of $1,056,510, of which $74,652 was obligation for Laidian’s paid in ~~Investing~~capital, the ~~Activities~~remaining $981,858 was the expense of the Company for the 3 years after April of 2022. For the nine months ended September 30, 2023 the Company record $245,465 stock-based compensation expenses.

~~Net~~Although our ~~cash~~current ~~used~~resources inand ~~investing activities~~cash ~~for~~flows ~~the~~are ~~six~~adequate ~~months~~to ~~ended~~pay ~~June~~our 30current ongoing obligations, ~~2023~~we ~~and~~anticipate ~~2022~~that ~~were~~our ~~$nil~~future liquidity requirements will arise from the need to fund our growth and ~~$2,827,559,~~future ~~respectively~~capital expenditures. The ~~cash~~primary ~~used~~sources inof ~~investing~~funding ~~activities~~ for ~~the~~such ~~six~~growth ~~months~~requirements are ~~ended~~expected ~~June~~to ~~30,~~be ~~2022 was~~additional ~~mainly~~funds ~~used~~raised ~~for~~from the ~~purchase~~sale of ~~property~~equity and/or ~~equipment~~debt ~~for~~financing. ~~discontinued~~However, ~~operations~~we can provide no assurances that we will be able to obtain additional financing on terms satisfactory to us.

~~Net~~ Cash Flows ~~Used~~and inCapital ~~Financing Activities~~Resources

~~Net~~ Our cash ~~used~~flows ~~in financing activities~~ for ~~six~~the nine months ended ~~June~~September 30, 2023 and 2022 ~~were~~are ~~$nil~~summarized and $161,795, respectively. The cash used in financing activities for the six months ended June 30, 2022 represented the settlement of lease obligations in relation to the spin-off of Jiarun Hospital.below:

	Nine Months Ended September 30,
	2023			2022
Net cash (used in) provided by operating activities	$	(20,180	)	$	2,999,322
Net cash used in investing activities		-			(2,829,408	)
Net cash provided by financing activities		-			(738,241	)
Effect of exchange rate fluctuation on cash and cash equivalents		(5,049	)		(276,560	)
Net decrease in cash and cash equivalents		(25,229	)		(844,887	)
Cash and cash equivalents, beginning of period		58,616			855,971
Cash and cash equivalents, ending of period	$	33,387		$	11,084

~~Although our current~~Net ~~resources~~Cash ~~and~~(Used ~~cash~~in) ~~flows~~Provided ~~may~~by beOperating adequate to pay our current ongoing obligations, we anticipate that our future liquidity requirements will arise from the need to fund our growth and future capital expenditures. The primary sources of funding for such growth requirements are expected to be additional funds raised from the sale of equity and/or debt financing from all available sources. However, we can provide no assurances that we will be able to obtain additional financing on terms satisfactory to us.Activities

~~Off-Balance~~Net cash ~~Sheet~~used ~~Arrangements~~in operating activities for the nine months ended September 30, 2023 was $20,180, a decrease of $152,125 from the cash used by continuing operations for the nine months ended September 30, 2022. The Company also recorded $3,171,627 of cash provided by discontinued operations during the nine months ended September 30, 2022, which represented cash flow from the operations of Jiarun Hospital, which was spun off from the Company in April 2022.

~~We do not have any off-balance sheet items~~Net ~~reasonably~~Cash ~~likely~~Used toin ~~have~~Investing ~~a material effect on our financial condition.~~Activities

~~Recent~~Net cash ~~Accounting~~used in investing activities for the nine months ended September 30, 2023 and 2022 were $nil and $2,829,408, respectively. The cash ~~Pronouncements~~used in investing activities for the nine months ended September 30, 2022 was mainly used for the purchase of property and equipment for discontinued operations.

~~Recent accounting pronouncements~~Net ~~issued~~Cash byUsed ~~the~~in ~~FASB,~~Financing ~~the AICPA and the SEC did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.~~Activities

~~ITEM~~Net cash 3used in financing activities for the nine months ended September 30, 2023 and 2022 were $nil and $738,241, respectively. ~~QUANTITATIVE~~The ~~AND~~cash used ~~QUALITATIVE~~in ~~DISCLOSURES~~financing ~~ABOUT~~activities ~~MARKET~~for ~~RISK~~the nine months ended September 30, 2022 represented the settlement of lease obligations in relation to the spin-off of Jiarun Hospital.

~~As a “smaller reporting company”, we are not required to provide the information required by this Item.~~7

~~ITEM~~Although our 4current resources and cash flows may be adequate to pay our current ongoing obligations, we anticipate that our future liquidity requirements will arise from the need to fund our growth and future capital expenditures. ~~CONTROLS~~The ~~AND~~primary ~~PROCEDURES~~sources of funding for such growth requirements are expected to be additional funds raised from the sale of equity and/or debt financing from all available sources. However, we can provide no assurances that we will be able to obtain additional financing on terms satisfactory to us.

~~Evaluations of Disclosure Controls and~~Off-Balance ~~Procedures~~Sheet Arrangements

~~Under~~We ~~the~~do ~~supervision~~not ~~and~~have ~~with~~any the participation of our management team, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13aoff-~~15(e)~~balance ~~and~~sheet ~~15d-15(e) promulgated~~items ~~under~~reasonably ~~the~~likely ~~Securities~~to ~~Exchange~~have ~~Act~~a ofmaterial ~~1934,~~effect ~~as amended, as of June 30, 2023. Based~~ on ~~this evaluation, Management determined that the following material weakness existed in~~ our ~~internal control over~~ financial ~~reporting~~condition.

● The relatively small number of employees who are responsible for accounting functions prevents us from segregating duties within our internal control system. The Company may engage more employees when more financial resources are available. ● Our internal financial staff lack expertise in identifying and addressing complex accounting issued under U.S. Generally Accepted Recent Accounting Principles. Currently, we are relying on external consultants to assist us complying with the US GAAP financial reporting process. ● We are trying to improve our documentation system concerning our existing financial processes, risk assessment and internal controls so as to provide sufficient and adequate records for the preparation and disclosure of financial reporting process. Currently, we are relying on external consultants to assist us complying with the financial reporting process. ● We do not presently have an audit committee. The Company will setup an audit committee when more financial resources are available.Pronouncements

~~Based on their evaluation, our Chief Executive~~Recent ~~Officer~~accounting ~~and~~pronouncements ~~Chief~~issued ~~Financial~~by ~~Officer~~the ~~concluded~~FASB, ~~that~~ the ~~Company’s~~AICPA ~~system~~and ofthe ~~disclosure~~SEC did ~~controls~~not, ~~and~~or ~~procedures~~are ~~was~~ not ~~effective as~~believed ofby ~~June~~management 30to, ~~2023~~have ~~for~~a material effect on the ~~purposes~~Company’s ~~described~~present inor ~~this~~future ~~paragraph~~consolidated financial statements.

~~Changes~~ITEM 3. inQUANTITATIVE ~~Internal~~AND ~~Control~~QUALITATIVE ~~over~~DISCLOSURES ~~Financial Reporting~~ABOUT MARKET RISK

~~During the period covered~~As bya ~~this~~“smaller ~~report, there has been no change in our internal control over financial~~ reporting ~~that~~company”, ~~has~~we ~~materially~~are ~~affected~~not orrequired ~~is reasonably likely~~ to ~~materially~~provide ~~affect~~the ~~our~~information ~~internal~~required ~~control~~by ~~over~~this ~~financial reporting~~Item.

8ITEM 4. CONTROLS AND PROCEDURES

~~PART~~Evaluations of IIDisclosure –Controls ~~OTHER INFORMATION~~and Procedures

~~ITEM~~Under the 1.supervision ~~LEGAL~~and ~~PROCEEDINGS~~with the participation of our management team, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of September 30, 2023. Based on this evaluation, Management determined that the following material weakness existed in our internal control over financial reporting

● The ~~Company~~relatively ~~has~~small nonumber ~~knowledge~~ of ~~existing~~employees orwho ~~pending~~are ~~legal~~responsible ~~proceedings~~for ~~against~~accounting ~~the~~functions ~~Company,~~prevents ~~nor~~us isfrom ~~the~~segregating duties within our internal control system. The Company ~~involved~~may asengage amore ~~plaintiff~~employees when more financial resources are available. ● Our internal financial staff lack expertise in ~~any~~identifying ~~proceeding~~and oraddressing ~~pending litigation~~complex accounting issued under U.S. ~~There~~Generally Accepted Accounting Principles. Currently, we are norelying ~~proceedings~~on inexternal ~~which~~consultants ~~any~~to ofassist us complying with the ~~Company’s~~US ~~directors~~GAAP financial reporting process. ● We are trying to improve our documentation system concerning our existing financial processes, ~~officers~~risk orassessment ~~any~~and internal controls so as to provide sufficient and adequate records for the preparation and disclosure of ~~their~~financial ~~respective~~reporting ~~affiliates~~process. Currently, ~~or any~~we ~~beneficial~~are ~~stockholder,~~relying ison external consultants to assist us complying with the financial reporting process. ● We do not presently have an ~~adverse~~audit ~~party~~committee. orThe ~~has~~Company awill ~~material~~setup ~~interest~~an ~~adverse~~audit tocommittee ~~our~~when ~~interest~~more financial resources are available.

~~ITEM~~Based on ~~1A.~~their ~~RISK~~evaluation, ~~FACTORS~~our Chief Executive Officer and Chief Financial Officer concluded that the Company’s system of disclosure controls and procedures was not effective as of September 30, 2023 for the purposes described in this paragraph.

~~The Company is a smaller~~Changes ~~reporting~~in ~~company~~Internal ~~that~~Control isover ~~not~~Financial ~~required to provide this information.~~Reporting

~~ITEM~~During the 2.period ~~UNREGISTERED~~covered ~~SALE~~by OFthis ~~EQUITY~~report, ~~SECURITIES~~there ~~AND~~has ~~USE~~been OFno ~~PROCEEDS~~change in our internal control over financial reporting that has materially affected or is reasonably likely to materially affect our internal control over financial reporting.

~~(a) Unregistered sales of equity securities~~8

~~The Company did not effect~~PART ~~any~~II ~~sales~~– ofOTHER ~~unregistered securities during the three months ended June 30, 2023.~~INFORMATION

~~(b)~~ITEM 1. ~~Purchases~~LEGAL ~~of equity securities~~PROCEEDINGS.

The Company has no knowledge of existing or pending legal proceedings against the Company, ~~did~~nor ~~not~~is ~~repurchase~~the Company involved as a plaintiff in any ofproceeding ~~its~~or ~~equity~~pending ~~securities~~litigation. ~~that~~There ~~were~~are ~~registered~~no ~~under~~proceedings ~~Section~~in 12which any of the ~~Securities~~Company’s ~~Exchange~~directors, ~~Act~~officers ~~during~~or ~~the~~any ~~three~~of ~~months~~their respective ~~ended~~affiliates, ~~June~~or 30any beneficial stockholder, ~~2023~~ is an adverse party or has a material interest adverse to our interest.

ITEM 3 1A. ~~DEFAULTS~~RISK ~~UPON SENIOR SECURITIES~~FACTORS

~~None~~The Company is a smaller reporting company that is not required to provide this information.

ITEM 4 2. ~~MINE~~UNREGISTERED ~~SAFETY~~SALE ~~DISCLOSURES~~OF EQUITY SECURITIES AND USE OF PROCEEDS

~~Not~~(a) Unregistered ~~applicable~~sales of equity securities

~~ITEM~~The Company 5.did ~~OTHER~~not ~~INFORMATION~~effect any sales of unregistered securities during the three months ended September 30, 2023.

~~None~~(b) Purchases of equity securities

9The Company did not repurchase any of its equity securities that were registered under Section 12 of the Securities Exchange Act during the three months ended September 30, 2023.

ITEM 6 3. ~~EXHIBITS~~DEFAULTS UPON SENIOR SECURITIES

~~INDEX TO EXHIBITS~~None

Exhibit		Description
31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance 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 (formatted as Inline XBRL and contained in Exhibit 101)

ITEM 4. MINE SAFETY DISCLOSURES

10Not applicable

~~SIGNATURES~~ITEM 5. OTHER INFORMATION

~~In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~None

~~JRSIS HEALTH CARE CORPORATION. (Registrant)~~9

Signature	Title	Date
/s/ Zhifei Huang	Chief Executive Officer	August 21, 2023
Zhifei Huang	(Principal Executive Officer)
/s/ Chen Zhuowen	Chief Financial Officer	August 21, 2023
Chen Zhuowen	(Principal Financial and Accounting Officer)

ITEM 6. EXHIBITS

11INDEX TO EXHIBITS

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Exhibit		Description
31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance 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 (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

JRSIS HEALTH CARE CORPORATION. (Registrant)

Signature	Title	Date

/s/ Zhifei Huang	Chief Executive Officer	November 15, 2023
Zhifei Huang	(Principal Executive Officer)

/s/ Chen Zhuowen	Chief Financial Officer	November 15, 2023
Chen Zhuowen	(Principal Financial and Accounting Officer)

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