UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 10-K

(Mark One)

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

For the year ended December 31, ~~2019~~2020

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

~~New~~Chengda ~~Leap~~Technology Co., ~~Inc~~Ltd. (Exact name of registrant as specified in its charter)

Delaware

Delaware

37-1863750

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

~~(State~~311-7, orTianyu ~~other~~Building, ~~jurisdiction~~11 Guangming Road Dongcheng District, Beijing, China 100051 (Address of ~~incorporation~~Principal orExecutive ~~organization~~Offices, including zip code)

~~333-219776~~+86 (10) 65014177 (Registrant’s telephone number, including area code)

Not Applicable (~~Commission~~Former ~~File~~name, ~~Number~~former address and former fiscal year, if changed since last report)

~~37-1863750~~Securities registered pursuant to Section 12(b) of the Act: None

~~(IRS~~Securities ~~Employer~~registered ~~Identification~~pursuant ~~No.~~to Section 12(g) of the Act: None

8Indicate ~~Derech~~by ~~Hameshi~~check ~~St.,~~mark ~~Ganei~~if ~~Tikva,~~the ~~Israel~~registrant ~~5591179~~is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(~~Address~~d) of ~~principal~~the ~~executive~~Act. ~~offices)~~Yes ☐ No ☒

+Indicate by check mark whether the registrant (~~972~~1)~~-50-7844477~~ has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant (~~Registrant’s~~1) ~~telephone~~has ~~number,~~filed ~~including~~all ~~area~~reports ~~code~~required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

~~Securities~~Indicate ~~registered~~by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to ~~Section~~Rule 12405 of Regulation S-T (b) 232.405 of this chapter) during the ~~Act:~~preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

None

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

None

Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ¨ No x

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

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

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

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

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

Large accelerated filer ¨☐ Accelerated filer ¨☐ Non-accelerated filer x☒ Smaller reporting company x☒ Emerging growth company x☒

~~Indicate~~If an emerging growth company, indicate by check mark ~~whether~~if the registrant ishas aelected ~~shell~~not ~~company~~to ~~(as~~use ~~defined~~the byextended ~~Rule~~transition ~~12b-2~~period offor ~~the~~complying ~~Act~~with any new or revised financial accounting standards provided pursuant to Section 13(a). ~~Yes~~of xthe NoExchange ¨Act. ☐

~~State~~Indicate ~~the~~by ~~aggregate~~check ~~market~~mark ~~value~~whether of the ~~voting~~registrant ~~and~~has ~~non-voting~~filed ~~common~~a ~~equity~~report ~~held~~on byand ~~non-affiliates~~attestation ~~computed by reference~~ to ~~the~~its ~~price~~management’s atassessment ~~which~~of the ~~common~~effectiveness ~~equity~~of ~~was~~its ~~last~~internal ~~sold,~~control orover ~~the~~financial ~~average~~reporting ~~bid~~under ~~and~~Section ~~asked~~404(b) ~~price~~ of ~~such~~the ~~common~~Sarbanes-Oxley ~~equity,~~Act as(15 ofU.S.C. ~~the~~7262(b)) ~~last~~by ~~business~~the ~~day~~registered ofpublic ~~the~~accounting ~~registrant’s~~firm ~~most~~that ~~recently~~prepared ~~completed~~or ~~second~~issued ~~fiscal~~its ~~quarter~~audit report. ☐

~~Not~~Indicate ~~available~~by check mark whether the registrant is a shell company (as ~~shares~~defined ~~have~~by ~~yet~~Rule to12b-2 ~~begin~~of ~~trading~~the Act). Yes ☒ No ☐

AsThe aggregate market value of ~~March~~the ~~27,~~voting ~~2020~~and ~~there~~non-voting ~~were~~common ~~10,204,000~~stock held by non-affiliates computed by reference to the average bid and asked price of such shares on the OTC markets as of ~~common~~June ~~stock~~30, ~~outstanding~~2020 was approximately $2,115,750.

~~Documents~~As ~~Incorporated~~of ByApril 15, ~~Reference:~~2021 ~~None~~there were 10,204,000 shares of common stock outstanding.

Part I
Item 1	Business	4
Item 1A	Risk Factors	75
Item 1B	Unresolved Staff Comments	75
Item 2	Properties	75
Item 3	Legal Proceedings	75
Item 4	Mine Safety Disclosures	75
Part II
Item 5	Market for Registrant’s Common Equity and Related Stockholder Matters	86
Item 6	~~Selected Financial Data~~Reserved	86
Item 7	Management’s Discussion and Analysis of Financial Condition and Results of Operations	97
Item 7A	Quantitative and Qualitative Disclosure about Market Risk	118
Item 8	Financial Statements and Supplementary Data	129
Item 9	Changes in and Disagreements with Accountants on Accounting and Financial Disclosures	1316
Item 9A	Controls and Procedures	1316
Part III
Item 10	Directors, Executive Officers of the Registrant	1518
Item 11	Executive Compensation	1619
Item 12	Security Ownership of Certain Beneficial Holders and Management	1719
Item 13	Certain Relationships and Related Transactions	1720
Item 14	Principal Accountant Fees and Services	1820
Part IV
Item 15	Exhibits, Financial Statements Schedules	1921
Signatures		2022

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

~~There~~This ~~are~~Annual ~~statements~~Report inon ~~this~~Form ~~annual report that are not historical facts. These “forward~~10-~~looking~~K ~~statements”~~(the ~~can be identified by use of terminology such as~~ “~~believe,~~Report” ~~“hope~~),” ~~“may~~including,” ~~“anticipate,”~~without ~~“should~~limitation,” ~~“intend,”~~statements ~~“plan,”~~under ~~“will,”~~the ~~“expect,”~~heading “~~estimate,”~~Management’s ~~“project,”~~Discussion ~~“positioned,” “strategy”~~ and ~~similar~~Analysis ~~expressions.~~of ~~You~~Financial ~~should~~Condition beand ~~aware~~Results ~~that~~of ~~these~~Operations,” includes forward-looking statements ~~are~~within ~~subject~~the tomeaning ~~risks~~of ~~and~~Section ~~uncertainties~~27A ~~that~~of ~~are~~the ~~beyond~~Securities ~~our~~Act ~~control. For a discussion~~ of ~~these~~1933 ~~risks,~~and ~~you~~Section ~~should~~21E ~~read~~of ~~this~~the ~~entire~~Securities ~~Registration~~Exchange ~~Statement~~Act ~~carefully~~of 1934, ~~especially~~as amended (the ~~risks discussed under~~ “~~Risk~~Exchange ~~Factors.~~Act”). ~~Although~~These ~~management believes that the assumptions underlying the~~ forward -looking statements ~~included~~can inbe ~~this~~identified ~~Registration Statement are reasonable, they do not guarantee our future performance, and actual results could differ from those contemplated~~ by ~~these~~the ~~forward~~use ~~looking statements. The assumptions used for purposes~~ of ~~the~~ forward-looking ~~statements~~terminology, ~~specified~~including in the ~~following~~words ~~information~~“believes,” ~~represent~~ “estimates,” of“anticipates,” ~~future~~“expects,” ~~events~~“intends,” ~~and~~“plans,” ~~are~~“may,” ~~subject~~“will,” to“potential,” ~~uncertainty as to possible changes in economic~~“projects,” ~~legislative~~“predicts,” ~~industry~~“continue,” ~~and~~or ~~other~~“should,” ~~circumstances.~~or, Asin aeach ~~result~~case, ~~the~~their ~~identification~~negative ~~and~~or ~~interpretation of data and~~ other ~~information~~variations ~~and~~or ~~their~~comparable ~~use~~terminology. inThere ~~developing~~can ~~and~~be ~~selecting~~no ~~assumptions~~assurance ~~from and among reasonable alternatives require the exercise of judgment. To the extent~~ that ~~the~~actual ~~assumed~~results ~~events~~will do not ~~occur,~~materially ~~the~~differ ~~outcome may vary substantially~~ from ~~anticipated~~expectations. orSuch ~~projected~~statements ~~results~~include, ~~and,~~but ~~accordingly,~~are nonot ~~opinion~~limited isto, ~~expressed~~any onstatements ~~the~~relating ~~achievability~~to ofour ~~those~~ability ~~forward-looking~~to ~~statements.~~consummate Inany ~~the~~acquisition ~~light~~or ofother ~~these~~business ~~risks~~combination and ~~uncertainties,~~any ~~there~~other ~~can~~statements ~~be no assurance~~ that ~~the~~are ~~results~~not ~~and events contemplated by the forward-looking~~ statements ~~contained~~of incurrent ~~this~~or ~~Registration~~historical ~~Statement will in fact transpire~~facts. ~~You~~These statements are ~~cautioned~~based ~~not to place undue reliance~~ on ~~these~~management’s ~~forward-looking~~current ~~statements~~expectations, ~~which~~but ~~speak~~actual ~~only~~results asmay ofdiffer ~~their~~materially ~~dates.~~due ~~We do not undertake any obligation~~ to ~~update~~various orfactors, ~~revise~~including, ~~any~~but ~~forward-looking~~not ~~statements.~~limited to:

our ability to establish our business in China and implement our business plan;

acceptance of our health-related products and services that we expect to develop and promote;

our ability to retain key employees;

adverse changes in general market conditions for health-related products and services in China;

our ability to continue as a going concern;

our future financing plans; and

our ability to address and as necessary adapt to changes in foreign, cultural, economic, political and financial market conditions which could impair our future operations and financial performance (including, without limitation, the changes resulting from the global novel coronavirus pandemic in China and around the world).

The forward-looking statements contained in this Report are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Table of Contents

PART I

ITEM 1. BUSINESS

Overview

We ~~are~~were anincorporated ~~emerging growth company as defined~~ in ~~Section~~the ~~2(a)(19)~~State of ~~the~~Delaware ~~Securities~~on ~~Act~~June 1, 2017. We ~~will~~are ~~continue~~a todevelopment bestage ancompany ~~emerging~~and ~~growth~~have ~~company~~extremely ~~until:~~limited ~~(i)~~financial ~~the~~resources. ~~last~~We ~~day~~have ofnot ~~our~~commenced ~~fiscal~~operation ~~year~~nor ~~during~~have ~~which~~ we ~~had~~established ~~total~~a ~~annual~~source ~~gross revenues~~ of ~~$1,070,000,000~~equity or ~~more;~~debt ~~(ii)~~financing. Our ~~the~~original ~~last~~business ~~day~~focused ofon ~~our~~an ~~fiscal~~online ~~year~~market ~~following~~and ~~the~~community ~~fifth~~connecting ~~anniversary~~private ofUnited ~~the~~States ~~date~~companies ofand ~~the~~companies ~~first~~which ~~sale~~are ofpublicly ~~our~~traded ~~common~~in ~~stock~~the ~~pursuant~~U.S. towith anpotential ~~effective~~investors ~~registration~~from ~~statement~~all ~~under~~over the ~~Securities~~world, ~~Act;~~except ~~(iii)~~for ~~the~~U.S. ~~date~~residents, onwith ~~which~~a wegoal ~~have,~~of ~~during~~providing ~~the~~these ~~previous~~companies ~~3-year~~with ~~period,~~exposure ~~issued~~to ~~more~~as ~~than~~many ~~$1,000,000,000~~potential ininvestors ~~non-convertible~~from ~~debt;~~outside ~~or (iv)~~ the ~~date~~U.S. onas ~~which~~possible, wewhile ~~are~~providing ~~deemed~~those topotential beinvestors awith ~~large~~different ~~accelerated~~investment ~~filer,~~opportunities ~~as defined~~ in ~~Section 12b-2 of~~ the ~~Exchange~~foregoing ~~Act~~companies.

AsPursuant to certain stock purchase agreement, entered into as of August 12, 2020, as amended, an ~~emerging~~individual ~~growth~~investor purchased 1,500,000 shares of our common stock from our then majority stockholder and sole officer and director, Itzhak Ostashinsky, representing 78.4% of the voting securities of our company. Following this change of control, Xin Jiang was appointed to serve as our Chief Executive Officer, Chief Financial Officer, President, Secretary and director and we ~~are~~changed ~~exempt~~our ~~from:~~business plan to engage in health-related business in the People’s Republic of China.

~~Section~~Effective ~~14A~~November ~~(a)~~6, ~~and~~2020, ~~(b)~~our name was changed to “Chengda Technology Co., Ltd.” through the filing with the Secretary of State of the ~~Exchange~~State ~~Act,~~of ~~which~~Delaware ~~requires~~a ~~companies~~Certificate of Amendment to ~~hold~~the ~~stockholder~~Certificate ~~advisory~~of ~~votes~~Incorporation, onwhich ~~executive~~was ~~compensation~~approved ~~and~~by ~~golden~~our ~~parachute~~Board ~~compensation;~~of Directors.

~~The~~We ~~requirement~~plan to ~~provide~~operate in ~~any~~the ~~registration~~field ~~statement~~of ~~periodic~~health-related ~~report~~products, orwith ~~other~~a ~~report~~focus toon bethe ~~filed~~developing ~~with~~and ~~the~~promoting ~~Securities~~selenium-infused mineral water and ~~Exchange~~energy ~~Commission~~mattress. In addition, ~~certain~~we ~~modified~~plan ~~executive~~to ~~compensation~~offer ~~disclosure~~health ~~under~~services, ~~Item~~including ~~402~~health assessments, health consultations, and health recoveries. We are currently evaluating the optimal approaches to implement these plans, including through mergers and acquisitions of ~~Regulation~~health ~~S-K~~products or ~~selected~~services ~~financial~~companies ~~data~~in ~~under~~China. ~~Item~~Due ~~301~~to the dynamic nature and the global impact of ~~Regulation~~the SCOVID-K19 ~~for~~pandemic, ~~any~~we ~~period~~cannot ~~before~~reasonably estimate the ~~earliest~~timeline ~~audited~~to ~~period~~implement ~~presented~~our business plans. We aim to start the health-related business in ~~our~~2021 ~~initial~~and ~~registration~~the ~~statement;~~funds to finance the start-up of the new business will primarily come from our major stockholder.

Compliance with new or revised accounting standards until those standards are applicable to private companies;

The requirement under Section 404(b) of the Sarbanes-Oxley Act of 2002 to provide auditor attestation of our internal controls and procedures; and

Any Public Company Accounting Oversight Board ("PCAOB") rules regarding mandatory audit firm rotation, or an expanded auditor report and any other PCAOB rules subsequently adopted, unless the Securities and Exchange Commission determines the new rules are necessary for protecting the public.

We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the Jumpstart Our Business Startups Act.

New Leap was incorporated in Delaware on June 1, 2017. Most of the activity through December 31, 2019 involved incorporation efforts, preparation for the Company’s public Offering and building our website.

We are a development stage company and have limited financial resources. We have not established a source of equity or debt financing. Our financial statements include a note emphasizing the uncertainty of our ability to remain a going concern.

New Leap focuses on an online market and community connecting private U.S. companies and companies which are publicly traded in the U.S. (both U.S. and foreign incorporated) with potential investors from all over the world, except for U.S. residents. The goal is to provide these companies with exposure to as many potential investors from outside the U.S. as possible, while providing those potential investors with different investment opportunities in the foregoing companies. Potential investors will be able to click on any company they would like to know more about and get access to its marketing information and legal and financial disclosures.

New Leap plans to match up potential investors from all over the world, except for U.S. residents with private U.S. companies and companies which are publicly traded in the U.S. (both U.S. and foreign incorporated). The goal is to use the crowdfunding trend in order to make private investments in such companies more accessible to non-U.S. investors on one hand and allow easier access to capital for these companies on the other. We will not allow U.S. persons access to the materials presented by the companies offering their securities on our website. Anyone trying to gain access to the offering materials posted on our website will first need to fill out a questionnaire which will include a question about the country of residence. Anyone answering “U.S.A” or any of its states will be prohibited from gaining access to the page showing the offering materials of the presenting companies. We intend to start developing a website following completion of this offering. For this purpose our intention is to use a third party vendor which can provide both design and programming services.

Table of Contents

All securities will bear a legend indicating that the securities are "restricted securities" and may not be sold in the U.S. absent an effective registration statement under the Securities Act covering the resale of such securities or an available exemption from such registration requirement.

New Leap will keep a complete audit trail of investments in the companies presenting on its website. Funds committed for an investment will be kept in an escrow account until the company’s funding goal is reached. Upon reaching such goal, funds will be transferred from the escrow account to the company’s bank account while simultaneously stock certificates will be delivered to the investors. Should the funding goal not be reached until the deadline of the offering, funds would immediately be returned to the investors.

Business Model

New Leap has two revenue models: Transaction Success Fees and Advertising Fees.

Transaction Revenue Model

New Leap's web platform would be designed to allow a meet up between potential interested investors and U.S. private companies and companies which are publicly traded in the U.S. (both U.S. and foreign incorporated) looking to raise funds via equity-based crowdfunding. Such companies interested in using our platform for such purpose will post their offering materials on our website so that potential investors having access to the website could review them and decide whether they are interested in participating in the offering by making an investment. We will receive a certain percentage ranging between 5% to 10% as a transaction success fee for each fundraising campaign that reaches its funding goal. This certain percentage will be applied to the total amount raised and will be paid out of the escrow account immediately upon completion of a transaction. We will be entitled to a transaction success fee only for fundraising campaigns that reach their funding goals as such goals are set by the companies launching these campaigns. We will not employ tiered funding goals.

Advertising Revenue Model

New Leap would also consider allowing advertising on its website. We expect that if we will manage to generate meaningful traffic to our website, various market participants will be interested in exploring advertising opportunities with us.

Marketing & Growth Strategy

New Leap will grow the pool of companies looking to utilize its platform for equity-based crowdfunding by talking with, and presenting the opportunity to, startups and early stage companies as well as small more mature companies which need additional funds for growth, expansion and acquisitions. New Leap will grow its pool of potential investors looking to explore the investment opportunities presented on our website by advertising on economic portals which are widely followed by retail investors. New Leap will look for other channels for exposure such as writing columns about equity-based crowdfunding on widely-spread financial newspapers and websites.

Market Overview

Equity-based crowdfunding refers to the pooling of small capital investments from a large number of investors to finance a new or expanding business venture. In return, those investors receive a small stake in the company and expect to earn a profit if the company succeeds. The concept of crowdfunding is not new. Charities, social groups, churches and non-profit organizations have raised funds using similar methods for many years. Websites such as Kickstarter and Indiegogo brought crowdfunding to the internet by allowing startup companies and entrepreneurs to accept monetary “donations” from project “backers.” The difference between these crowdfunding campaigns and those targeted by New Leap, however, is that investors using New Leap's web platform will be able to purchase a security interest in the company in which they are investing.

The equity-based crowdfunding contemplated by New Leap will be made under Regulation S (Rules 901-905 of the Securities Act of 1933, as amended).

5 Table of Contents

Competition

We are currently not aware of other crowdfunding platforms focused on Regulation S offerings of securities. However, we consider U.S. investment-based crowdfunding platforms, which present companies offering securities based on Rule 506(c), Section 4(a)(6) and Regulation A+ of the Securities Act of 1933, as amended to be competitors to some extent.

Regulatory Environment

The enactment of the JOBS Act in 2012 led to numerous regulatory changes that support investment-based crowdfunding in the U.S. Since New Leap, however, plans to provide a web platform for securities offerings to be made outside the U.S., it will not have companies using its services rely on these post-JOBS Act regulatory changes, but rather rely on Regulation S, which excludes securities offerings made outside the U.S. from the purview of the registration requirements of Section 5 under the Securities Act of 1933, as amended. Companies using our web platform will be required, however, to meet the requirements of Regulation S promulgated under the Securities Act of 1933, as amended.

Intellectual Property

We have no patents or trademarks.

Employees

As of December 31, 2019, we had one employee which serves as our president, and chief executive officer, Mr. Ostashinsky. During calendar year ending December 31, 2020 (depending on financing and available working capital), Mr. Ostashinsky will devote at least ten (10) hours a week to us and may increase the number of hours as necessary. Mr. Ostashinsky is under no contractual agreement with the Company. However, our president, and chief executive officer’s current plan is to provide all administrative and planning work as well as initial marketing efforts on his own without any cash compensation while he seeks other sources of funding for the Company and its business plan.

Property

Our office and mailing address is 8 Derech Hameshi St., Ganei Tikva, Israel 5591179. The space is provided to us by Mr. Ostashinsky, who incurs no incremental costs as a result of our using the space. Therefore, he does not charge us for its use. There is no written lease agreement. The current use of the space property is minimal.

Litigation

We are not party to any pending, or to our knowledge, threatened litigation of any type.

6 Table of Contents

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

~~The~~Our ~~Company~~principal ~~utilizes~~executive offices ~~provided~~are ~~rent-free~~located byat ~~our~~311-7, ~~President~~Tianyu atBuilding, 811 ~~Derech~~Guangming ~~Hameshi St.~~Road, ~~Ganei~~Dongcheng ~~Tikva~~District, ~~Israel~~Beijing, ~~5591179~~China 100051.

We do not own or lease any property and use the office space provided by our sole officer and director free of charge.

ITEM 3. LEGAL PROCEEDINGS

We are not ~~party~~currently toinvolved in any legal proceedings nor are we aware of any pending or potential legal actions.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

75 Table of Contents

PART II

ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS

(a) Market Information.

~~There~~Our common stock is noquoted ~~established~~on OTC Pink market operated by the OTC Markets under the symbol “SKMT.” There has been very limited trading in our shares of common stock. We cannot assure you that there will be an active market in the future for our ~~shares~~common stock.

(b) Holders

As of ~~March~~April 2715, ~~2020~~2021, there were approximately 6 37 holders of record of our common stock.

~~The~~We ~~Registrant~~have ~~has~~ not paid any cash dividends to date and ~~does~~do not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of our management to utilize all available funds for the development of the ~~Registrant's~~our business.

(d) Securities authorized for issuance under equity compensation plans.

We currently do not have any equity compensation plans.

(e) Recent Sales of Unregistered Securities

None.

(ef) ~~Performance~~Purchases ~~graph~~of Equity Securities by the Issuer and Affiliated Purchasers

~~As a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 we are not required to provide the information under this item~~None.

OnITEM ~~June 3, 2017 the Company sold 9,000,000 common shares to its President in exchange for a business plan at $0~~6.~~001~~ ~~per share. These shares were issued under Regulation S as they were offered and sold outside the U.S. to a non-U.S. person.~~RESERVED

~~Proceeds~~Not ~~raised from investors under the Company’s registration statement on Form S-1, which was declared effective on October 20, 2017 were used for general working capital purposes~~applicable.

~~ITEM~~ 6. ~~SELECTED~~Table ~~FINANCIAL~~of ~~DATA~~Contents

As a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 we are not required to provide the information under this item.

8 Table of Contents

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This discussion summarizes the significant factors affecting the operating results, financial condition, liquidity and cash flows of the Company for the fiscal year ended December 31, ~~2019~~2020. The discussion and analysis that follows should be read together with the section entitled “Forward Looking Statements” and our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this annual report on Form 10-K.

Except for historical information, the matters discussed in this section are forward-looking statements that involve risks and uncertainties and are based upon judgments concerning various factors that are beyond the Company’s control. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report.

~~Company~~ Overview

~~New~~We ~~Leap~~were ~~plans~~incorporated toin ~~match~~the upState ~~potential~~of ~~investors~~Delaware ~~from~~on ~~all~~June ~~over the world~~1, ~~except for U~~2017.S. ~~residents~~We ~~with private U.S. companies and companies which~~ are ~~publicly~~a ~~traded~~development instage ~~the~~company ~~U.S. (both U.S.~~ and ~~foreign~~have ~~incorporated).~~extremely ~~The~~limited ~~goal~~financial ~~is to use the crowdfunding trend in order to make private investments in such companies more accessible to non-U~~resources.S. ~~investors on one hand and allow easier access to capital for these companies on the other.~~ We ~~will~~have not ~~allow~~established ~~U.S.~~a ~~persons~~source ~~access~~of toequity ~~the~~or ~~materials~~debt ~~presented by the companies offering their securities on our website~~financing. ~~Anyone~~Our ~~trying~~financial tostatements ~~gain access to the offering materials posted on our website will first need to fill out a questionnaire which will~~ include a ~~question~~note ~~about~~emphasizing the ~~country~~uncertainty of residence. Anyone answering “U.S.A” or any of its states will be prohibited from gaining access to the page showing the offering materials of the presenting companies. We intend to start developing a website following completion of this offering. For this purpose our ~~intention~~ability is to ~~use~~remain a ~~third~~going ~~party vendor which can provide both design and programming services~~concern.

~~All~~We ~~securities~~plan ~~will~~to ~~bear~~operate ain ~~legend indicating that~~ the ~~securities~~field ~~are~~of ~~"restricted~~health-related ~~securities"~~products, ~~and~~with ~~may~~a ~~not~~focus beon ~~sold in~~ the ~~U.S.~~developing ~~absent~~and anpromoting ~~effective~~selenium-infused ~~registration~~mineral ~~statement~~water ~~under~~and ~~the~~energy ~~Securities~~mattress. ~~Act~~In ~~covering~~addition, ~~the~~we ~~resale~~plan ofto ~~such~~offer ~~securities~~health orservices, anincluding ~~available~~health ~~exemption~~assessments, ~~from~~health ~~such~~consultations, ~~registration~~and ~~requirement.~~health recoveries.

~~New~~We ~~Leap~~are ~~will~~currently ~~keep~~evaluating ~~a complete audit trail of investments in~~ the ~~companies~~optimal ~~presenting~~approaches onto ~~its~~implement ~~website.~~these ~~Funds~~plans, ~~committed~~including ~~for~~through anmergers ~~investment~~and ~~will~~acquisitions beof ~~kept~~health companies in ~~an escrow account until the company’s funding goal is reached~~China. ~~Upon~~Due ~~reaching~~to ~~such goal, funds will be transferred from~~ the ~~escrow~~dynamic ~~account~~nature toand the ~~company’s~~global ~~bank~~impact ~~account~~of ~~while simultaneously stock certificates will be delivered to~~ the ~~investors.~~COVID-19 ~~Should~~pandemic, ~~the~~we ~~funding~~cannot ~~goal~~reasonably ~~not~~estimate ~~be reached until~~ the ~~deadline~~timeline ofto ~~the~~implement ~~offering,~~its ~~funds~~business ~~would immediately be returned to the investors~~plan.

Results of Operations

~~January 1, 2018 to December 31, 2018 compared to January 1, 2019 to December 31, 2019~~Revenues

~~Selling~~We did not generate any revenue for years ended December 31, ~~General~~2020 and ~~Administrative~~2019 ~~Expenses~~and do not expect to generate any revenue until we commence our business plan.

~~Selling,~~General ~~general~~ and ~~administrative~~Administrative expenses for the year ended December 31, 2018 were $54,774 compared to $77,140 for the year ended December 31, 2019. The expenses were consisted primarily of contributed services from the sole officer and director and costs associated with our status a public company.Expenses

9During ~~Table~~the years ended December 31, 2020 and 2019, we incurred $61,193 and $77,140 of ~~Contents~~general and administrative expenses, respectively. Our general and administrative expenses primarily consisted of auditor fees, officer’s contributed corporate administrative service costs, professional fees and filing fees, which are routine costs associated with a public company. The decrease in the general and administrative expenses in the year ended December 31, 2020 compared to the same period of last year was due to one-time expenses of approximately $22,000 incurred in 2019 in connection with obtaining eligibility to deposit our equity securities with DTC, which facilitates electronic trading of securities.

Liquidity and Capital Resources

The following is a summary of the Company's cash flows provided by (used in) operating, investing, and financing activities for the year ended December 31, 2018 and the year ended December 31, 2019:

	Year ended December 31, 2018			Year ended December 31, 2019
Operating Activities	$	(18,901	)	$	(39,060	)
Investing Activities		-			-
Financing Activities	$	31,954		$	19,547
Net Effect on Cash	$	13,053		$	(19,513	)

To date, most of our resources and work have been devoted to planning our business, completing our registration statement and building our website.

Private capital, if sought, we believe will be sought from former business associates of our president and chief executive officer or through private investors referred to us by those same business associates.

If a market for our shares ever develops, of which there can be no assurances, we may use restricted shares of our common stock to compensate employees/consultants and independent contractors wherever possible. We cannot predict the likelihood or source of raising capital or funds that may be needed to complete the development of our business plan.

We are a public company and as such we have incurred and will continue to incur significant expenses for legal, accounting and related services. As a public entity, subject to the reporting requirements of the Exchange Act of 1934, we incur ongoing expenses associated with professional fees for accounting, legal and a host of other expenses including annual reports and proxy statements, if required. We estimate that these costs will range up to $50,000 per year over the next few years and may be significantly higher if our business volume and transactional activity increases but should be lower during our first year of being public because our overall business volume (and financial transactions) will be lower, and we will not yet be subject to the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 until we exceed $250 million in market capitalization (if ever). These obligations will certainly reduce our ability and resources to expand our business plan and activities. We hope to be able to use our status as a public company to increase our ability to use noncash means of settling outstanding obligations (i.e. issuance of restricted shares of our common stock) and compensate independent contractors who provide professional services to us, although there can be no assurances that we will be successful in any of these efforts. We will also reduce compensation levels paid to management (if we attract or retain outside personnel to perform this function) if there is insufficient cash generated from operations to satisfy these costs.

We hope to be able to use our status as a public company to enable us to use non-cash means of settling obligations and compensate persons and/or firms providing services to us, although there can be no assurances that we will be successful in any of those efforts. However, these actions, if successful, will result in dilution of the ownership interests of existing shareholders, may further dilute common stock book value, and that dilution may be material. Such issuances may also serve to enhance existing management’s ability to maintain control of the Company because the shares may be issued to parties or entities committed to supporting existing management. The Company may offer shares of its common stock to settle a portion of the professional fees incurred in connection with its registration statement. No negotiations have taken place with any professional and no assurances can be made as to the likelihood that any professional will accept shares in settlement of obligations due to them.

As of December 31, 2018 and December 31, 2019 we owed $50,173 and $70,000, respectively. In 2019 such liabilities were primarily in connection with payment to service providers in relation to our status as a public company. There are no other significant liabilities at December 31, 2018 and December 31, 2019.

As of December 31, 2018 and December 31, 2019, the Company had one note payable issued and outstanding to a related party with a total principle of $19,943 and $39,490, respectively. The note is payable on demand and bears no interest. The proceeds are being used for general working capital purposes.

10 Table of Contents

Recently Issued Accounting Pronouncements

Refer to the notes to the financial statements for a complete description of recent accounting standards which we have not yet been required to implement and may be applicable to our operation, as well as those significant accounting standards that have been adopted during the current year.

Critical Accounting Policies

The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America ("US GAAP") requires management to make estimates, judgments 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 amount of expenses during the reporting period. On an ongoing basis, we evaluate our estimates which are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. The result of these evaluations forms the basis for making judgments about the carrying values of assets and liabilities and the reported amount of expenses that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions. The following accounting policies require significant management judgments and estimates.

We base our estimates on historical experience and various other assumptions that we believe 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. There can be no assurance that actual results will not differ from these estimates.

Going Concern

~~Our~~The ~~auditor~~future ~~has~~of ~~issued~~our acompany ~~"going~~is ~~concern"~~dependent ~~explanatory~~upon ~~paragraph~~our asability ~~part~~to implement our new business plans and initiatives and our ability to generate positive net profits from implementation of ~~his~~our ~~opinion~~business inplans. ~~the~~Management ~~Audit~~plans ~~Report~~to ~~dated~~seek ~~March~~additional ~~27,~~funding ~~2020~~through either equity or debt financings from its principal stockholder to support its operations for the ~~fiscal~~next ~~year~~twelve ~~ended~~months. ~~December~~However, 31there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, ~~2019~~we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

As the Company is currently a shell company, its operating expenses are limited. Management believes that the financing from its principal stockholder will provide it with the funding to continue as a going concern.

Table of Contents

Liquidity and Capital Resources

Cash Flows from Operating Activities

Net cash used in operating activities was $23,583 for the year ended December 31, 2020, compared to net cash used in operating activities of $39,060 for the same period of 2019, represented a decrease of $15,477 in the net cash outflow in operating activities. This is due to the decrease of our net loss in year ended December 31, 2020 compared to the same period of 2019.

Cash Flows from Financing Activities

For the year ended December 31, 2020, net cash generated by financing activities was $22,089, representing advances and capital contributions from the Company’s former and current major stockholders to support the operations of the Company. For the year ended December 31, 2019, net cash generated by financing activities was $19,547, representing advances from the former major stockholder to support the Company’s operations.

Commitments and Capital Expenditures

We presently have no material commitments for capital expenditures.

Critical Accounting Policies Involving Management Estimates and Assumptions

Our discussion and analysis of our financial condition and results of operations is based on our financial statements. In preparing our financial statements in conformity with U.S. GAAP, we must make a variety of estimates that affect the reported amounts and related disclosures. See Note 3 of our financial statements included in this Report.

Off-Balance Sheet Arrangements

We do not have noany ~~outstanding~~relationships ~~off-balance~~with ~~sheet~~unconsolidated ~~guarantees~~entities or financial partnerships, ~~interest~~such ~~rate~~as ~~swap~~entities ~~transactions~~often referred to as structured finance or ~~foreign~~special ~~currency~~purpose ~~contracts.~~entities, Wewhich dowould ~~not~~have ~~engage~~been inestablished ~~trading~~for ~~activities~~the ~~involving~~purpose ~~non~~of facilitating off-~~exchange~~balance ~~traded~~sheet ~~contracts~~financial arrangements.

Contractual Obligations

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

118 Table of Contents

ITEM 8 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

~~New~~Index ~~Leap,~~to ~~Inc.~~Financial Statements

December 31, 2019

	Page

Financial Statements for the Years Ended December 31, 2020 and 2019

Report of Independent Registered Public Accounting Firm	9

Balance Sheets as of December 31, 2020 and 2019	10

Statements of Operations for the Years Ended December 31, 2020 and 2019	11

Statements of Changes in Shareholders’ Equity for the Years Ended December 31, 2020 and 2019	12

Statements of Cash Flows for Years Ended December 31, 2020 and 2019	13

Notes to Financial Statements	14

~~TABLE~~Reports OFof ~~CONTENTS~~Independent Registered Public Accounting Firms

Report of Independent Registered Public Accounting Firm		F-1
Balance Sheets at December 31, 2019 and December 31, 2018		F-2
Statements of Operations for the years ended December 31, 2019 and December 31, 2018		F-3
Statements of Stockholders' Deficit as of December 31, 2019 and as of December 31, 2018		F-4
Statements of Cash Flows for the years ended December 31, 2019 and December 31, 2018		F-5
Notes to the Financial Statements		F-6

To the shareholders and the board of directors of Chengda Technology Co. Ltd.

12 Table of Contents

Report of Independent Registered Public Accounting Firm

To the shareholders and the board of directors of New Leap, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Chengda Technology Co. Ltd. (formerly New Leap, Inc.) (the "Company") as of December 31, ~~2019~~2020 and ~~2018~~2019, the statements of operations ~~and comprehensive income (loss)~~, changes in ~~shareholders~~stockholders’ ~~deficit~~equity, and cash flows for each of the two years in the period ended December 31, ~~2019~~2020, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, ~~2019~~2020 and ~~2018~~2019, and the results of its operations and its cash flows for each of the two years in the period ended December 31, ~~2019~~2020, in conformity with accounting principles generally accepted in the United States.

Going concern uncertainty

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 12 to the financial statements, the Company incurred recurring losses from operations, has net current liabilities and an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 12. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

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

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

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

/s/ B F Borgers CPA PC

We have served as the Company’s auditor since 2017.

Lakewood, Colorado

~~March~~April 2715, ~~2020~~2021

~~F-1 Table of Contents~~9

New Leap, Inc.

Chengda Technology Co., Ltd. (Formerly New Leap, Inc.) Balance Sheets
	December 31,			December 31,
	2020			2019
ASSETS
Current Assets:
Cash	$	—		$	1,494
Total Current Assets		—			1,494
Total Assets	$	—		$	1,494
LIABILITIES AND STOCKHOLDERS' DEFICIT
Account payable to related party	$	—		$	25,000
Accrued liabilities		18,550			5,510
Promissory note payable to stockholder		—			39,490
Total Current Liabilities		18,550			70,000

Total Liabilities		18,550			70,000
Stockholders’ Deficit:
Preferred stock; $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding		—			—
Common stock; $0.0001 par value, 50,000,000 shares authorized, 10,204,000 shares issued and outstanding		10,204			10,204
Additional paid-in capital		237,624			126,475
Accumulated deficit		(266,378	)		(205,185	)
Total Stockholders’ Deficit		(18,550	)		(68,506	)
Total Liabilities and Stockholders’ Deficit	$	—		$	1,494

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

~~(Expressed in USD, except for the number of shares)~~10

	December 31,		December 31,
	2019		2018
ASSETS
Current assets:
Cash and cash equivalents (Note 3)	$	1,494	$	21,007
Total Current assets	$	1,494	$	21,007
Total assets	$	1,494	$	21,007

Chengda Technology Co., Ltd.

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Account payable to related party	$	25,000		$	25,000
Other accounts payable (Note 5)		5,510			5,230
Promissory note payable to shareholder (Note 6)		39,490			19,943
Total current liabilities	$	70,000		$	50,173
Total Liabilities	$	70,000		$	50,173
Commitments and contingencies (Note 7)
Stockholders’ Deficit:
Preferred stock; $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding		-			-
Common stock; $0.0001 par value, 50,000,000 shares authorized, 10,204,000 shares issued and outstanding as of December 31, 2019 and as of December 31, 2018	$	10,204		$	10,204
Addition paid-in capital		126,475			88,675
Accumulated deficit		(205,185	)		(128,045	)
Total stockholder’s deficit	$	(68,506	)	$	(29,166	)
Total liabilities and stockholders’ deficit	$	1,494		$	21,007

(Formerly New Leap, Inc.)

~~The~~Statements ~~accompanying notes are an integral part~~ of ~~the financial statements.~~Operations

F-2 Table of Contents

	For The Year Ended December 31,
	2020			2019
Operating expenses:
General and administrative expenses	$	61,193		$	77,140
Total operating expenses		61,193			77,140

Loss from operations		(61,193	)		(77,140	)

Net loss	$	(61,193	)	$	(77,140	)
Basic & diluted net income per share	*			*

Weighted average number of ordinary shares-basic and diluted		10,204,000			10,204,000

~~New Leap, Inc.~~____________

~~STATEMENTS~~* OFLess ~~OPERATIONS~~than ~~AND OTHER COMPREHENSIVE INCOME (LOSS)~~$0.01

~~(Expressed~~The inaccompanying ~~USD,~~notes ~~except~~are ~~for~~an ~~the~~integral ~~number~~part of ~~shares)~~these financial statements

	Year ended 31, December 2019			Year ended 31, December 2018
Revenues	$	-		$	-
Cost of revenues		-			-
Gross profit		-			-
Selling, General and Administrative expenses		77,140			54,774
Loss from operations		(77,140	)		(54,774	)
Other income, net		-			-
Loss before provision for income taxes		(77,140	)		(54,774	)
Income tax expense		-			-
Net Loss	$	(77,140	)	$	(54,774	)
Other Comprehensive loss	$	(77,140	)	$	(54,774	)
Loss per share (Note 4)
Basic and diluted	$	(0.01	)	$	(0.01	)
Weighted average common shares outstanding:
Basic and diluted		10,204,000			10,087,000

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

Chengda Technology Co., Ltd. (Formerly New Leap, Inc.) Statements of Cash Flows
	For The Year Ended December 31,
	2020			2019
Cash flows from operating activities:

Net loss	$	(61,193	)	$	(77,140	)
Adjustments to reconcile net loss to net cash used in operating activities:
Contributed services		24,570			37,800

Changes in assets and liabilities:
Accrued liabilities		13,040			280
Net cash used in operating activities		(23,583	)		(39,060	)

Cash flows from investing activities:		—			—

Cash flows from financing activities:
Advances from related parties		10,229			19,547
Capital contributions from stockholder		11,860			—

Net cash provided by financing activities		22,089			19,547

Net decrease in cash		(1,494	)		(19,513	)

Cash, beginning of period		1,494			21,007

Cash, end of period	$	—		$	1,494

Supplemental cash flow information

Forgiveness of promissory notes by stockholder	$	49,719			—
Forgiveness of payable due to related party	$	25,000			—

Cash paid for interest expense		—			—
Cash paid for income tax		—			—

~~F-3~~The ~~Table~~accompanying notes are an integral part of ~~Contents~~these financial statements

~~New Leap, Inc.~~12

~~STATEMENTS~~Chengda OFTechnology ~~CHANGES~~Co., INLtd. ~~SHAREHOLDERS’ DEFICIT~~

(~~Expressed~~Formerly inNew ~~USD~~Leap, ~~except for the number of shares~~Inc.)

	Common shares				Additional paid-in		Accumulated			Total shareholders’
	Number		Amount		capital		deficit			deficit
Balance as of December 31, 2017		9,000,000	$	9,000	$	22,050	$	(73,271	)	$	(42,221	)
Issued shares		1,204,000		1,204		28,825		-			30,029
Shareholder contribution		-		-		37,800		-			37,800
Net loss		-		-		-		(54,774	)		(54,774	)
Balance as of December 31, 2018		10,204,000	$	10,204	$	88,675	$	(128,045	)	$	(29,166	)
Shareholder contribution		-		-		37,800		-			37,800
Net loss		-		-		-		(77,140	)		(77,140	)
Balance as of December 31, 2019		10,204,000	$	10,204	$	126,475	$	(205,185	)	$	(68,506	)

Statements of Changes in Stockholders’ Equity

~~The~~(US$, ~~accompanying~~except ~~notes~~share ~~are~~data anand ~~integral~~per ~~part~~share ofdata, ~~the~~or ~~financial~~otherwise ~~statements.~~noted)

F-4 Table of Contents

	Shares		Shares amount		Additional paid-in capital		Accumulated Deficit			Total equity
Balance as of January 1, 2019		10,204,000	$	10,204	$	88,675	$	(128,045	)	$	(29,166	)
Net loss		-		-		-		(77,140	)		(77,140	)
Contributions from stockholders		-		-		37,800		-			37,800
Balance as of December 31, 2019		10,204,000	$	10,204	$	126,475	$	(205,185	)	$	(68,506	)
Net loss		-		-		-		(61,193	)		(61,193	)
Contributions from stockholders		-		-		36,430		-			36,430
Forgiveness of related party loan		-		-		25,000		-			25,000
Forgiveness of stockholder’s promissory note		-		-		49,719		-			49,719
Balance as of December 31, 2020		10,204,000	$	10,204	$	237,624	$	(266,378	)	$	(18,550	)

~~New~~The ~~Leap,~~accompanying ~~Inc.~~notes are an integral part of these financial statements

~~STATEMENTS OF CASH FLOWS~~13

~~(Expressed~~Chengda inTechnology ~~USD~~Co., ~~except~~Ltd. ~~for the number of shares)~~

	Year ended December 31, 2019			Year ended December 31, 2018
Cash flow from operating activities:
Net loss	$	(77,140	)	$	(54,774	)
Adjustments to reconcile net loss to net cash used in operating activities:
Contributed services		37,800			37,800
Changes in operating assets and liabilities:
Increase (decrease) in account payables		280			(1,927	)
Net cash used in operating activities	$	(39,060	)	$	(18,901	)
Changes in investment activities	$	-		$	-
Cash flow from financing activities:
Common Stock Issued for cash	$	-		$	30,029
Promissory note from shareholder		19,547			1,925
Net cash provided by financing activities	$	19,547		$	31,954
NET CASH DECREASE IN CASH AND CASH EQUIVALENTS		(19,513	)		13,053
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		21,007			7,954
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1,494		$	21,007

(Formerly New Leap, Inc.)

~~The~~Notes ~~accompanying~~to ~~notes~~Financial ~~are~~Statements ~~an integral part of the financial statements.~~

~~F-5~~December ~~Table~~31, ~~of Contents~~2020

~~New~~NOTE ~~Leap,~~1 – ORGANIZATION ~~Inc.~~AND DESCRIPTION OF BUSINESS

~~NOTES~~Chengda TOTechnology ~~FINANCIAL~~Co., ~~STATEMENTS~~Ltd., (formerly known as New Leap, Inc.) (the "Company") was incorporated on June 1, 2017 as a Delaware corporation. The Company has yet to start operational or research and development activities.

On August 12, 2020, pursuant to a Stock Purchase Agreement (~~USD~~the “SPA”) entered into by and between Xin Jiang (the “Purchaser”) and Itzhak Ostashinsky (the “Seller”), ~~except~~a ~~number~~controlling stockholder as well as Chief Executive Officer, Chief Financial Officer, President, Secretary and director of the Company, the Seller sold to the Purchaser 8,000,000 shares of common stock, par value $0.0001 per share, of the Company, representing 78.4% of the total issued and outstanding shares of common stock as of August 24, 2020, in consideration of $251,177 in cash from the Purchaser’s personal funds (the “Transaction”). In connection with the Transaction, the Seller resigned as Chief Executive Officer, Chief Financial Officer, President, Secretary and director of the Company, effective immediately upon the consummation of the Transaction. Xin Jiang was then appointed as Chief Executive Officer, Chief Financial Officer, President, Secretary and director of the Company. The Transaction resulted in a change in control of the Company.

~~NOTE~~Effective 1November –6, ~~ORGANIZATIONAL~~2020, ~~AND~~the ~~GOING~~Company’s ~~CONCERN:~~name was changed to “Chengda Technology Co., Ltd.” through the filing with the Secretary of State of the State of Delaware a Certificate of Amendment to the Certificate of Incorporation of the Company, which was approved by the Company’s Board of Directors.

~~New~~After ~~Leap, Inc. (~~the ~~“Company”)~~change ~~was~~in ~~formed on June 1~~control, ~~2017 as a Delaware corporation. During 2017~~ the Company ~~issued~~plans ~~9,000,000~~to ~~shares~~implement ~~of its common stock in consideration for~~ a new business plan ~~at $0~~.~~001~~ ~~per share.~~ The Company ~~has yet to start operational or research and development activities. The Company~~ plans to operate in the field of ~~crowdfunding~~health-related ~~and~~products, towith ~~run~~a anfocus ~~online~~on ~~platform~~developing ~~for~~and ~~investments~~promoting inselenium-infused ~~private~~mineral Uwater and energy mattress.S. ~~companies~~Also, ~~and~~the ~~companies~~Company ~~which~~plans ~~are~~to ~~publicly~~offer ~~traded~~health inservices, ~~the~~including ~~U.S.~~health ~~(both~~assessments, ~~domestic~~health consultations, and ~~foreign).~~health recoveries.

InThe ~~January~~Company ~~and~~is ~~February,~~currently ~~2018~~evaluating the ~~Company~~optimal ~~issued~~approaches ato ~~total~~implement ofthese 1plans,~~204,000~~ ~~shares~~including through mergers and acquisitions of ~~its~~health ~~common~~companies ~~stock~~in China. Due to ~~various~~the ~~investors~~dynamic atnature aand ~~price~~the global impact of ~~$0.025~~the ~~per~~COVID-19 ~~share.~~pandemic, ~~The~~the ~~shares~~Company ~~were~~cannot ~~issued~~reasonably ~~pursuant~~estimate the timeline to ~~the~~implement ~~Company’s~~its ~~registration~~business ~~statement~~plan. onUntil ~~Form~~the ~~S-1~~Company ~~which~~is ~~was~~able ~~declared~~to ~~effective~~implement byits business plan, the ~~SEC~~Company onwill ~~October~~remain ~~20,~~a ~~2017~~shell company.

~~The~~NOTE ~~accompanying~~2 ~~financial~~– ~~statements~~GOING have been prepared assuming that the Company will continue as a going concern. The Company has suffered cumulative losses and negative cash flows from operations since inception. Until the Company will achieve profitability and revenues, which is uncertain, it intends to finance its operation through the issuance of its shares. These conditions give rise to substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.CONCERN

~~NOTE~~The 2accompanying –financial ~~SUMMARY~~statements OFhave ~~SIGNIFICANT~~been ~~ACCOUNTING~~prepared ~~POLICIES~~in conformity with United States generally accepted accounting principles (“U.S. GAAP”), which contemplate continuation of the Company as a going concern. As a start-up, the Company has not generated any revenues and has accumulated losses through December 31, 2020. The Company currently has limited working capital and does not expect to generate revenues in the near term. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional financing to fund operating expenses, primarily loans and/or capital contribution from its principal stockholder. As the Company is a shell company, its operating expenses are limited. Management believes that the financing from its principal stockholder will provide it with the funding to continue as a going concern. These financial statements have been prepared assuming that the Company will continue as a going concern and, accordingly, do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s financial statements have been prepared in accordance with ~~Generally~~generally ~~Accepted~~accepted ~~Accounting~~accounting ~~Principles~~principles ~~(“GAAP”)~~in ~~issued~~the byUnited ~~Financial~~States ~~Accounting~~of ~~Standards~~America ~~Board~~ (“~~FASB~~U.S. GAAP”). ~~The Company’s fiscal year-end is December 31.~~

Use of Estimates

The preparation of ~~the~~ financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of ~~assets and~~ liabilities and ~~disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and~~ expenses during the reporting ~~periods~~period. Actual results could differ from those estimates. The Company currently does not have significant estimates and assumptions.

Recent Accounting Pronouncements

~~From~~The ~~time~~Company tohas ~~time,~~reviewed the ~~FASB~~recent ~~or other standards setting bodies issue new~~ accounting pronouncements. ~~Updates~~and toconcluded ~~the~~that ~~FASB~~they ~~Accounting~~were ~~Standards~~either ~~Codifications~~not ~~(“ASC”)~~applicable ~~are~~or ~~communicated~~had ~~through~~no ~~issuance of an Accounting Standards Update. Unless otherwise discussed, we believe that the~~ impact ~~of recently issued guidance, whether adopted or~~ to ~~be adopted in~~ the ~~future,~~Company’s ~~is not expected to have a material impact on our~~ financial statements ~~upon adoption~~.

~~Fair~~NOTE ~~Value~~4 ~~Measurement~~– SHARE CAPITAL

~~The~~There ~~Company~~were ~~discloses~~no ~~fair~~transactions ~~value~~of ~~measurements~~common ~~for~~stock ~~financial~~ and ~~non-financial~~preferred ~~assets~~stock ~~and~~during ~~liabilities measured at fair value. Fair value is based on~~ the ~~price~~years ~~that~~ended ~~would~~December be31, ~~received~~2020 toand ~~sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date~~2019.

~~The~~During ~~accounting~~the ~~standard~~years ~~establishes~~ended aDecember ~~fair~~31, ~~value~~2020 ~~hierarchy~~and ~~that~~2019, ~~prioritizes~~the ~~observable~~former CEO and ~~unobservable~~major ~~inputs~~stockholder, ~~used~~Itzhak toOstashinsk, ~~measure~~contributed ~~fair~~corporate ~~value~~administrative ~~into~~work ~~three~~services ~~broad~~of ~~levels~~$24,570 ~~which~~and ~~are~~$37,800, ~~described~~respectively, ~~below:~~to the Company and these amounts were recorded as capital contributions. No additional shares of common stock were issued for these contributions.

~~Level~~During 1:the ~~Quoted~~year ~~prices~~ended ~~(unadjusted)~~December in31, ~~active~~2020, ~~markets~~the ~~that~~former ~~are~~CEO ~~accessible~~and atmajor stockholder, Itzhak Ostashinsk and the ~~measurement~~new ~~date~~CEO ~~for~~and ~~assets~~major orstockholder, ~~liabilities.~~Xin ~~The~~Jiang, ~~fair~~made ~~value~~capital ~~hierarchy~~contributions ~~gives~~of ~~the~~$1,510 ~~highest~~and ~~priority~~$10,350, respectively, to ~~Level~~the 1Company ~~inputs~~for working capital. No additional shares of common stock were issued for these contributions.

~~Level~~NOTE 2:5 ~~Observable~~– ~~prices~~PROMISSORY ~~that~~NOTE ~~are~~PAYABLE ~~based~~TO ~~on inputs not quoted on active markets but corroborated by market data.~~ SHAREHOLDER

~~Level~~Promissory 3:notes ~~Unobservable~~payable ~~inputs~~represented ~~are~~loans ~~used~~advanced ~~when~~from ~~little~~the orCompany’s noformer ~~market~~major ~~data~~stockholder isto ~~available~~support the operations of the Company. The ~~fair~~note ~~value~~was ~~hierarchy~~interest ~~gives~~free and due on demand. As of December 31, 2019, the ~~lowest~~outstanding ~~priority~~balance under the note was $39,490. During the year ended December 31, 2020, an additional $10,229 was advanced from the former major stockholder to ~~Level~~the 3Company. ~~inputs~~In August 2020, in connection with the Transaction, the former major stockholder forgave the promissory note payable with a cumulated balance of $49,719, which was recorded as a capital contribution to the Company. No additional shares of common stock were issued for these contributions.

F-NOTE 6 ~~Table~~– ofRELATED ~~Contents~~PARTY TRANSACTIONS

~~NOTE~~In 3addition –to ~~CASH~~the ~~AND~~capital ~~CASH~~contribution ~~EQUIVALENTS~~disclosed in Note 4 and promissory note forgiveness disclosed in Note 5, the Company had the following related party transactions during the years ended December 31, 2020 and 2019:

~~Cash~~· ~~and~~As ~~cash~~at ~~equivalents~~December ~~consist~~31, ~~of cash~~2019, ~~demand~~the ~~deposits~~Company ~~and~~had ~~highly~~a ~~liquid~~related ~~investments~~party ~~with~~payable ~~original~~balance ~~maturities~~of $25,000 due to the son of ~~three~~the ~~months~~former ormajor ~~less~~stockholder. ~~Cash~~The balance was interest free and ~~cash~~due ~~equivalents~~on ~~are~~demand. ~~carried~~In atAugust ~~cost~~2020, ~~which~~the ~~approximates~~$25,000 ~~fair~~related ~~value.~~party ~~Cash~~payable ~~and~~balance ~~cash~~was ~~equivalents~~forgiven atby ~~December~~the ~~31,~~related ~~2019~~party ~~included~~in ~~cash~~connection atwith the Transaction. Therefore, the forgiven amount ofwas ~~$1,494.~~recorded as a capital contribution to the Company.

NOTE 47 – ~~EARNINGS~~SUBSEQUENT ~~(LOSS) PER SHARE~~EVENTS

~~Loss~~Management ~~per~~has ~~share~~evaluated ~~for~~subsequent ~~the~~events ~~fiscal~~pursuant ~~year ended December 31, 2019 was $0.01. The basic loss per share is calculated by dividing the Company’s net loss available~~ to ~~common shareholders by~~ the ~~weighted~~requirements ~~average number~~ of ~~common~~ASC ~~shares~~Topic ~~during~~855, ~~the~~from ~~year. The diluted loss per share is calculated by dividing~~ the ~~Company’s~~balance ~~net~~sheet ~~loss~~date ~~available~~through ~~to common shareholders by~~ the ~~diluted~~date ~~weighted~~when ~~average number of shares outstanding during~~ the ~~year.~~financial ~~The~~statements ~~diluted~~were ~~weighted~~issued, ~~average~~and ~~number~~determined ofthat ~~shares~~no ~~outstanding~~subsequent isevents ~~the~~occurred ~~basic~~that ~~weighted~~would ~~number~~require ofadjustment ~~shares~~to ~~adjusted for any potentially dilutive debt~~ or ~~equity.~~disclosure ~~Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items~~ in the ~~Company~~financial ~~and the fact that the Company has a loss~~statements.

~~NOTE~~15 5Table –of ~~OTHER ACCOUNTS PAYABLE~~Contents

At December 31, 2019 the Company had “other accounts payable” at the amount of $5,510. That amount reflects payments due to service providers.

NOTE 6 – PROMISSORY NOTE PAYABLE TO SHAREHOLDER

The Company has an outstanding note payable provided by the major shareholder and sole officer and director which is unsecured and bears no interest. The note is payable upon demand. The outstanding balance under the note was $39,490 and $19,943 as of December 31, 2019 and December 31, 2018 respectively.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

In June 2017, the Company engaged a legal counsel in order to receive legal services concerning the registration statement to be filed with the Securities and Exchange Commission (“SEC”). According to the agreement, the fees will be paid if and only upon receiving the first $25,000 from external investors following the effectiveness of the registration statement. Since this expense was probable it was recorded as a provision and as expenses amounting to $25,000 outstanding at December 31, 2019. The legal counsel is considered to be a related party - see also Note 9. The legal counsel has agreed to postpone this payment for the time being given the financial condition of the Company.

NOTE 8 – COMMON STOCK

Common Stock confers upon its holders the rights to receive notice to participate and vote in general meetings of the Company, and the right to receive dividends if declared. At December 31, 2019 the Company had 10,204,000 common shares outstanding. The Company has 50,000,000 authorized common shares. During the fiscal year ended December 31, 2019 the Company did not issue any common shares. The expense incurred by the CEO and major shareholder on behalf and for the benefit of the Company for the years ended December 31, 2019 and December 31, 2018 amounted to $37,800 and $37,800, respectively and was recorded as contribution to equity.

F-7 Table of Contents

NOTE 9 –– TRANSACTION WITH RELATED PARTY

A. The expense incurred by the CEO and major shareholder on behalf and for the benefit of the Company for the years ended December 31, 2019 and December 31, 2018 amounted to $37,800 and $37,800, respectively and was recorded as contribution to equity. B. The services described in Note 7 are provided by a related party. The related party is the son of the major shareholder and provides legal advice to the Company. As of December 31, 2019 and as of December 31, 2018 the liability amounted to $25,000. See also Note 7. C. The Company leases its office space from its sole officer and director at no charge. D. As of December 31, 2019, the Company has an outstanding note payable to the sole officer and director. See Note 6.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 we have analyzed our operations subsequent to December 31, 2019 to the date these financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements.

F-8 Table of Contents

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

There are not and have not been any disagreements between the Company and its accountants on any matter of accounting principles, practices or financial statement disclosure.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

WeDisclosure conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. ~~The~~are ~~term "disclosure~~ controls and ~~procedures", as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended ("Exchange Act"), means controls and~~ other procedures ~~of a company that are~~ designed to ensure that information required to be disclosed ~~by the company~~ in ~~the~~our reports itfiled ~~files~~ or ~~submits~~submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC`’s rules and forms. Disclosure controls and procedures ~~also~~ include, without limitation, controls and procedures designed to ensure that information required to be disclosed ~~by a company~~ in ~~the~~our reports ~~that~~filed ~~it files~~ or ~~submits~~submitted under the Exchange Act is accumulated and communicated to ~~the~~our ~~company's~~Certifying ~~management,~~Officer ~~including its principal executive and principal financial officers,~~ or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

~~Based~~Under onthe ~~this~~supervision ~~evaluation,~~of our ~~Chief~~Principal Executive Officer and ~~Chief~~Principal Financial Officer ~~concluded~~(the as“Certifying ofOfficer”), ~~December~~we ~~31,~~evaluated ~~2019,~~the ~~that~~effectiveness ~~our~~of ~~disclosure~~the ~~controls~~design and ~~procedures~~operation ~~are~~of ~~not~~our ~~effective~~disclosure atcontrols ~~a reasonable assurance level~~ and ~~are~~procedures ~~designed~~as todefined ~~provide~~in ~~reasonable~~Rules ~~assurance~~13a-15(e) ~~that the controls~~ and ~~procedures~~15d-15(e) ~~will~~under ~~meet~~the ~~their~~Exchange ~~objectives~~Act. ~~due~~Based toon the ~~material weaknesses described below. However~~foregoing, itour ~~should~~Certifying beOfficer ~~noted~~concluded that ~~the~~our ~~design~~disclosure ~~of any system of~~ controls isand ~~based~~procedures inwere ~~part~~not ~~upon~~effective ~~certain~~as ~~assumptions~~of ~~about~~ the ~~likelihood~~end of ~~future~~the ~~events,~~period ~~and~~covered ~~there~~by ~~can~~this beReport nodue ~~assurance~~to ~~that~~the ~~any~~material ~~design~~weakness ~~will succeed~~ in ~~achieving~~our ~~its~~internal ~~stated~~control ~~goals~~over ~~under~~financial ~~all~~reporting ~~potential~~discussed ~~future conditions, regardless of how remote~~below.

Management's Report on Internal Control ~~Over~~over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. ~~The~~Our internal controls ~~for the Company~~ are provided by executive management's review and approval of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

	(1)	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

	(2)	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and

	(3)	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

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

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Management assessed the effectiveness of ~~the~~our ~~Company's~~ internal control over financial reporting as of December 31, ~~2019~~2020. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations ("COSO") of the Treadway Commission in Internal Control-Integrated Framework. Management's assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.

Based on this assessment, management has concluded that as of December 31, ~~2019~~2020, our internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles due to the existence of the following material weaknesses:

	·	Lack of segregation of duties
	·	Lack of audit committee and independent directors
	·	Management is dominated by a single individual without adequate compensating controls providing for multiple levels of supervision and review

Although we are unable to meet the standards under COSO because of the limited resources available to a company of our size, we are committed to improving our financial organization. As funds become available, we will undertake to: (1) create a position to segregate duties consistent with control objectives, (2) increase our personnel resources and technical accounting expertise within the accounting function (3) appoint one or more independent directors to our board of directors who shall be appointed to a Company audit committee resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls and procedures; and (4) prepare and implement sufficient written policies and checklists which will set forth procedures for accounting and financial reporting with respect to the requirements and application of USU.S. GAAP and SEC disclosure requirements.

We will continue to monitor and evaluate the effectiveness of our disclosure controls and procedures and our internal control over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

This annual report does not include an attestation report of ~~the~~our ~~Company's~~ registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by ~~the~~our ~~Company's~~ registered public accounting firm pursuant to temporary rules of the SEC that permit ~~the~~us ~~Company~~ to provide only management's report in this annual report.

Changes in Internal Control over Financial Reporting

There were no changes in ~~the~~our ~~Company’s~~ internal control over financial reporting that occurred during the last fiscal quarter that have materially affected, or is reasonably likely to materially affect, ~~the~~our ~~Company’s~~ internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

None.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Executive Officers

The following table contains information asregarding ofour ~~December~~sole ~~31,~~officer ~~2019 as to each Director~~ and ~~Executive~~director. ~~Officer of the Company:~~

Name	~~Age~~	~~Title~~Age	Title
Itzhak Ostashinsky	68	President, CEO, CFO, Secretary, Treasurer, Director
Xin Jiang		72	President, CEO, CFO, Secretary and Director

~~Itzhak~~Xin ~~Ostashinsky~~ Jiang – MrMs. ~~Itzhak~~Jiang ~~Ostashinsky~~has served as our Chief Executive Officer, Chief Financial Officer, President, Secretary, ~~Treasurer~~ and Director ofsince ~~Crowd~~August 42020. ~~Seeds,~~She aserved ~~crowdfunding~~as ~~business,~~Chairwoman ~~from~~of ~~April,~~Chengda ~~2014~~Technology ~~to December~~Co., ~~2016~~Ltd., ~~For~~a ~~more~~company ~~than~~engaged 20in ~~years~~the ~~Mr.~~production ~~Ostashinsky~~and ~~served~~sales inof ~~various~~health ~~key~~supplements ~~positions~~ in ~~the~~China, ~~insurance~~since ~~industry~~June ~~in Israel~~2020. ~~Having~~Prior ~~served~~to asthat, ~~the~~Ms. ~~CEO~~Jiang ofwas ~~an Israeli insurance company and as~~ a ~~deputy~~vendor ~~CEO~~selling ofhealth ~~two~~products ~~other~~on ~~Israeli insurance companies~~Taobao, ~~Mr.~~a ~~Ostashinsky~~leading ~~gained~~online ~~meaningful top~~e-~~level~~commerce ~~experience~~marketplace in ~~management~~China, ~~marketing,~~since ~~business~~2016. ~~development~~From ~~and~~2003 ~~investments.~~to ~~In addition~~2016, MrMs. ~~Ostashinsky~~Jiang ~~led~~worked aat ~~group of investors in three different investments in Israeli biotechnology and medical device startups. In~~ the ~~past~~Tianjin 5Municipal ~~years~~Archives MrBureau. ~~Ostashinsky~~Prior ~~has~~to ~~been~~that anshe ~~independent~~taught ~~consultant~~at ~~providing~~various ~~marketing~~middle ~~and~~schools ~~business~~in ~~development~~China ~~consulting~~from ~~services.~~1976 ~~Mr.~~to ~~Ostashinsky~~2003, ~~holds~~including aHeilongjiang ~~B.A.~~Fuyu inForest ~~Business~~Machinery ~~Administration~~Factory ~~from~~Children's ~~Bar-Ilan~~Middle ~~University~~School, ~~Israel.~~Tianjin ~~Given~~Petrochemical ~~Mr.~~Fiber ~~Ostashinsky's~~Factory ~~top-level~~Middle ~~experience~~School, inTianjin ~~management,~~Hexi ~~marketing,~~District ~~business~~Xingguo ~~development~~School and ~~investments~~Tianjin weNankai ~~concluded~~District ~~that~~Sixty heSix isMiddle ~~suitable~~School ~~for~~(now ~~serving~~known as aAffiliated ~~director~~High School of ~~the~~Nankai ~~Company~~University).

~~Itzhak~~Director ~~Ostashinsky has served as our director and executive officer since June 3, 2017.~~Independence

~~Family~~We ~~Relationships~~do not have any independent directors. We are not required to maintain a majority of independent directors under the rules applicable to companies that do not have securities listed or quoted on a national securities exchange or national quotation system.

~~None.~~The Board and Committees

~~Involvement~~Our Board of Directors at this time does not maintain a separate audit, nominating or compensation committee. Functions customarily performed by such committees are performed by the Board as a whole. We are an early stage company with very limited operations, therefore our Board of Directors does not deem it necessary to have more than one director or a nominating or compensation committee. We have not paid any compensation to any officer or director. Decisions relating to director nominations or compensation can be made on a case by case basis by the Board of Directors. Our Board of Directors would consider any shareholder nominee at such time as it is made. Our Board of Directors does not believe that a defined policy with regard to the consideration of candidates recommended by stockholders is necessary at this time because it believes that, given the limited scope of our operations, a specific nominating policy would be premature and of little assistance until our business operations are at a more advanced level. There are no specific, minimum qualifications that the Board believes must be met by a candidate recommended by the Board of Directors. We do not pay any fee to any third party or parties to identify or evaluate or assist in ~~Certain~~identifying ~~Legal~~or ~~Proceedings~~evaluating potential nominees.

NoWe ~~executive~~have ~~officer~~not oradopted ~~director~~practices ~~has been involved in the last ten years in any of the following: • Any bankruptcy petition filed by~~ or ~~against~~polices ~~any~~regarding ~~business or property of such person~~employee, orofficer ofand ~~which~~director ~~such~~hedging ~~person~~in ~~was~~accordance awith ~~general~~Item ~~partner~~407(i) ~~or executive officer either at the time~~ of ~~the~~Regulation ~~bankruptcy or within two years prior to that time;~~S-K.

•Legal ~~Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);~~Proceedings

•To ~~Being~~the ~~subject~~knowledge toof ~~any~~our ~~order~~management, ~~judgment,~~there orare ~~decree,~~no ~~not~~material ~~subsequently~~proceedings ~~reversed,~~to ~~suspended~~which ~~or vacated, of~~ any ~~court~~ of ~~competent~~our ~~jurisdiction~~director, ~~permanently~~officer or ~~temporarily~~affiliate ~~enjoining,~~is ~~barring,~~a ~~suspending~~party oradverse ~~otherwise~~to ~~limiting~~our ~~his~~company ~~involvement~~or inhas ~~any~~a ~~type~~material ofinterest ~~business,~~adverse ~~securities~~to orour ~~banking activities;~~company.

•18 ~~Being~~Table ~~found by a court~~ of competent jurisdiction (in a civil action), the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;Contents

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

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

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Board Committees and Audit Committee Financial Expert

We do not currently have a standing audit, nominating or compensation committee of the board of directors, or any committee performing similar functions. Our board of directors performs the functions of audit, nominating and compensation committees. As of the date of this annual report, no member of our board of directors qualifies as an “audit committee financial expert” as defined in Item 407(d)(5) of Regulation S-K promulgated under the Securities Act.

Director Nominations

As of December 31, 2019 we did not affect any material changes to the procedures by which our shareholders may recommend nominees to our board of directors. We have not established formal procedures by which security holders may recommend nominees to the Company’s board of directors.

Code of Ethics

We ~~have~~intend ~~yet~~at some point to adopt a code of ethics asthat weapplies ~~are~~to ~~still~~our inofficers, ~~the~~directors ~~process~~and employees. We will file copies of ~~finalizing~~our ~~it.~~code of ethics in a current report on Form 8-K.

ITEM 11. EXECUTIVE COMPENSATION

~~SUMMARY~~There ~~COMPENSATION~~are ~~TABLE~~no current employment agreements between us and our sole officer. We have never paid any compensation to any of our executive officers or directors. Our current officer has agreed to work with no remuneration until such time as we commence business operations and receive sufficient revenues necessary to provide management salaries. At this time, we cannot accurately estimate when sufficient revenues will occur to implement this compensation, or what the amount of the compensation will be. There are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by our company.

Name & Principal Position		Year		Salary ($)				Bonus ($)				Stock Awards ($)				Option Awards ($)				Non-equity incentive plan compensation ($)				Non-qualified deferred compensation earnings ($)				All other compensation ($)				Total ($)
Itzhak Ostashinsky CEO, CFO & Director		2019			-				-				-				-				-				-				-				-

There is no formal employment arrangement with Mr. Ostashinsky at this time. Mr. Ostashinsky’s compensation has not been fixed or based on any percentage calculations. He will make all decisions determining the amount and timing of his compensation and, for the immediate future, has elected not to receive any compensation which permits us to meet our financial obligations. Mr. Ostashinsky’s compensation amount may be formalized if and when the Company completes this offering and obtains any future financing beyond the offering.

Grants of Plan-Based Awards Table

None of our named executive officers received any grants of stock, option awards or other plan-based awards during the period ended December 31, 2019 except as stated above. The Company has no activity with respect to these awards.

Options Exercised and Stock Vested Table

None of our named executive officers exercised any stock options, and no restricted stock units, if any, held by our named executive officers vested during the period ended December 31, 2019. The Company has no activity with respect to these awards.

Outstanding Equity Awards at Fiscal Year-End Table

None of our named executive officers had any outstanding stock or option awards as of December 31, 2019 that would be compensatory to the officer. The Company has not issued any awards to its named executive officers. The Company and its Board of Directors may grant awards as it sees fit to its employees as well as key consultants.

Compensation of Directors

During our fiscal year ended December 31, 2019, we did not provide compensation to any of our directors for serving as our director. We currently have no formal plan for compensating our directors for their services in their capacity as directors, although we may elect to issue stock options to such persons from time to time. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors. Our board of directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director.

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

The following table sets forth, ~~as of March 27, 2020,~~ certain information, ~~with~~regarding ~~regard~~the tobeneficial ~~the~~ownership ~~record~~of ~~and~~our ~~beneficial~~common ~~ownership~~stock as of the ~~Company’s~~date ~~common~~of ~~stock~~this Annual Report by (i) each ~~person~~stockholder known toby ~~the~~us ~~Company~~ to be the ~~record or~~ beneficial owner of more than 5% ~~or more~~ of ~~the~~our ~~Company’s~~ common stock, (ii) by each director ofand ~~the~~executive ~~Company,~~officer ~~(iii) each~~ of ~~the~~our ~~named~~company ~~executive officers,~~ and (iviii) by all executive officers and directors of ~~the~~our ~~Company~~company as a group:. Each of the persons named in the table has sole voting and investment power with respect to common stock beneficially owned. The business address of each person listed below is 311-7, Tianyu Building, 11 Guangming Road, Dongcheng District, Beijing, China 100051.

Name of Beneficial Owner	Number of Shares Owned (1)	Percentage of Outstanding Shares of Common Stock (2)
				Percentage
Itzhak Ostashinsky	8,995,000	88.15%
		Number of		of Shares
Name and Address		Shares Owned		Owned
5% Stockholders
Zhou Sun			2,101,960		21	%
Xin Jiang			8,000,000		78	%
Directors and Officers
Xin Jiang			8,000,000		78	%

~~_____________~~19 Table of Contents

(1)	Mr. Ostashinsky received these shares in consideration for a business plan.
(2)	Applicable percentage ownership is based on 10,204,000 shares of common stock outstanding as of March 27, 2020.

~~Our~~During ~~office~~the years ended December 31, 2020 and ~~mailing~~2019, ~~address~~our isformer 8CEO ~~Derech~~and ~~Hameshi~~major ~~St.~~stockholder, ~~Ganei~~Itzhak ~~Tikva~~Ostashinsk, ~~Israel~~contributed ~~5591179.~~corporate ~~The~~administrative ~~space~~work isservices ~~provided~~of $24,570 and $37,800, respectively, to usthe byCompany and these amounts were recorded as capital contributions. During the year ended December 31, 2020, Mr. ~~Ostashinsky~~Ostashinsk and our new CEO and major stockholder, Xin Jiang, made capital contributions of $1,510 and $10,350, respectively, to the Company for working capital. MrNo shares of common stock were issued for these contributions. ~~Ostashinsky~~During ~~incurs~~the noyears ~~incremental~~ended ~~costs~~December as31, 2020 and 2019, Mr. Ostashinsk extended loans under a ~~result~~promissory note to support the operations of usthe ~~using~~Company. The note was interest free and due on demand. As of December 31, 2019, the ~~space~~outstanding balance under the note was $39,490. ~~Therefore~~During the year ended December 31, he2020, ~~does~~an ~~not~~additional ~~charge~~$10,229 uswas ~~for~~advanced ~~its~~from ~~use~~the former major stockholder to the Company. ~~There~~In isAugust no2020, ~~written~~in ~~lease~~connection ~~agreement~~with the Change of Control, Mr. Osttashinksk forgave the promissory note payable with a cumulated balance of $49,719, which was recorded as a capital contribution to the Company.

~~The~~As ~~Company~~at ~~issued~~December 931,~~000~~ 2019,~~000~~ ~~shares~~we ofhad ~~its~~a ~~common~~related ~~stock~~party payable balance of $25,000 due to ~~its~~the ~~president~~son ~~chief~~of ~~executive~~Mr. ~~officer~~Osttashinksk. The balance was interest free and ~~chief~~due ~~financial~~on ~~officer~~demand. In August 2020, ~~Mr.~~the ~~Ostashinsky~~$25,000 related party payable balance was forgiven by the related party in ~~consideration~~connection ~~for~~with the Change of Control. Therefore, the forgiven amount was recorded as a ~~business~~capital ~~plan~~contribution to the Company.

~~The~~Our ~~Company~~former ~~has~~officer anand ~~outstanding~~director, ~~note~~Itzhak ~~payable~~Ostashinsky, provided byoffice space until the ~~major~~consummation ~~shareholder~~of ~~and~~the ~~sole~~Change ~~officer~~of ~~and~~Control. ~~director~~We ~~which~~did isnot ~~unsecured~~pay ~~and~~any ~~bears~~rent noto ~~interest~~Mr. ~~The~~Ostashinsky ~~note~~for isthe ~~payable~~office ~~upon demand~~space. ~~The~~Following ~~outstanding balance under~~ the ~~note~~Change ~~was~~in ~~$19~~Control,~~943~~ ~~and~~Ms. ~~$39~~Jiang,~~490~~ asour ofnow ~~December~~sole ~~31,~~executive ~~2018~~officer and ~~December 31~~director, ~~2019,~~provides ~~respectively~~office space to us free of charge.

~~The~~Our ~~Company~~Board ~~obtains~~of ~~legal~~Directors ~~services~~is ~~from~~responsible ato ~~related~~approve ~~party.~~all ~~The~~ related party istransactions. ~~the~~We ~~son~~have ofnot ~~the~~adopted ~~major~~written ~~shareholder~~policies and ~~provides~~procedures ~~legal~~specifically ~~advice~~for torelated ~~the~~person ~~Company~~transactions. ~~As of December 31, 2018 and December 31, 2019 the liability amounted to $25,000.~~

Itzhak Ostashinsky is a promoter of the Company. He receives no consideration for his promotional activities. His related-party transactions with the Company are described above in this Item 13.

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Corporate Governance and Director Independence.

The Company has not:

· Established its own definition for determining whether its directors and nominees for directors are "independent" nor has it adopted any other standard of independence employed by any national securities exchange or inter-dealer quotation system, though our current director would not be deemed to be independent under any applicable definition given that he is the major shareholder and an officer of the Company;

Nor:

· Established any committee of the board of directors.

Given the nature of the Company’s business, its limited stockholder base and the current composition of management, the board of directors does not believe that the Company requires any corporate governance committees at this time.

As of the date hereof, the entire board serves as the Company’s audit committee.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

~~Independent~~The ~~Public~~following ~~Accountants~~table presents the fees for professional audit services for the audit of our annual financial statements for the fiscal years ended December 31, 2020 and 2019 and fees billed for other services during those periods.

On July 11, 2017, we engaged B F Borgers CPA PC (“BFB”) as our independent registered public accounting firm. The appointment of BFB was approved by our Board of Directors. During the fiscal year ended December 31, 2019, we did not consult with BFB on (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that may be rendered on the Company's financial statements, and BFB did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; or (ii) the subject of any disagreement, as defined in Item 304 (a)(1)(iv) of Regulation S-K and the related instructions, or a reportable event within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

	December 31, 2020		December 31, 2019

Audit fees	$	9,700	$	10,000
Audit-related fees		0		0
Tax fees		0		0
All other fees		0		0
Total Fees	$	9,700	$	10,000

~~Audit~~20 ~~Fees~~Table of Contents

The fees involved with the audit by BFB of the financial statements for the year ended December 31, 2019 are $5,000. Other than that, the Company paid $4,500 to BFB for the review of all interim financial statements during 2019, $4,500 for the previous audit for the year ended December 31, 2018 and $4,500 for the review of all interim financial statements during 2018.

Audit-Related Fees

During the years ended December 31, 2019 and December 31, 2018, our principal accountant did not render audit-related services to us.

Tax Fees

During the year ended December 31, 2019 and December 31, 2018, our principal accountant did not render services to us for tax compliance, tax advice or tax planning.

All Other Fees

During the year ended December 31, 2019 and December 31, 2018 there were no fees billed for products and services provided by the principal accountant other than those set forth above.

Currently, we have no independent audit committee. Our full board of directors functions as our audit committee and is comprised of one director who is not considered to be "independent" in accordance with the requirements of Rule 10A-3 under the Exchange Act. Our audit committee’s pre-approval policies and procedures described in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X were that the audit committee pre-approve all accounting related activities prior to the performance of any services by any accountant or auditor.

18 Table of Contents

PART IV

ITEM 15 EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)	The following documents are filed as a part of this Report:

1. Financial Statements. The ~~following~~ financial statements of ~~New~~Chengda ~~Leap~~Technology Co., ~~Inc~~Ltd. are included in Item 8:.

Reports of Independent Registered Public Accounting Firms		F-1
Balance Sheets at December 31, 2019 and December 31, 2018		F-2
Statements of Operations for the years ended December 31, 2019 and December 31, 2018		F-3
Statements of Stockholders' Deficit as of December 31, 2019 and as of December 31, 2018		F-4
Statements of Cash Flows for the years ended December 31, 2019 and December 31, 2018		F-5
Notes to the Financial Statements		F-6

2.	Financial Statement Schedule(s):

	All schedules are omitted for the reason that the information is included in the financial statements or the notes thereto or that they are not required or are not applicable.

2. Financial Statement Schedule(s):

All schedules are omitted for the reason that the information is included in the financial statements or the notes thereto or that they are not required or are not applicable.

3.	Exhibits:

3.1		~~Articles~~Certificate of Incorporation (1)
3.2		~~By-Laws~~Certificate of Amendment to Certificate of Incorporation (12)
10.1		Form of Note (1)
31		Certification of Chief Executive Officer and Principal Financial Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act of 1934.*
32		Certification of Chief Executive Officer and Principal Financial Officer to 18 U.S.C Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002.**
101		XBRL Interactive Data Files*

_____________

* Filed herewith.

~~(1)~~** ~~Incorporated~~Furnished ~~herein by reference from the Company’s Form S-1 filed with the Securities and Exchange Commission on August 8, 2017~~herewith.

19(1) ~~Table~~Incorporated ofherein ~~Contents~~by reference from our Form S-1 filed with the Securities and Exchange Commission on August 8, 2017.

(2) Incorporated herein by reference from our Current Report on Form 8-K filed with the Securities and Exchange Commission on November 9, 2020.

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SIGNATURES

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

March 27, 2020	/s/ Itzhak Ostashinsky
April 15, 2021	/s/ Xin Jiang
	Itzhak Ostashinsky
	Xin Jiang
	Chief Executive Officer
	Chief Executive Officer, Chief Financial Officer and President
	(Principal Executive Officer and Principal Financial and Accounting Officer)

2022

Filing Compare · Chengda Technology Co., Ltd.