UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

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

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

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

For the transition period from to

Commission file number: 000-29169

Chinawe.com Inc.

(Exact name of registrant as specified in its charter)

California
(State or other jurisdiction of
incorporation or organization)

95-4627285
(I.R.S. Employer Identification No.)

Room 1208, Block A Fuk Keung Industrial Building 66-68 Tong Mei Road Kowloon, Hong Kong (Address of principal executive offices) (Zip Code)

~~(Address~~Registrant’s oftelephone ~~principal~~number, ~~executive~~including area ~~offices~~code: (852) 23810818 Securities registered pursuant to Section 12(~~Zip~~b) of the Act: None ~~Code~~ Securities registered pursuant to Section 12(g) of the Act: common stock, par value $0.001 per share

~~Registrant’s~~Indicate ~~telephone~~by ~~number,~~check ~~including~~mark if the registrant is a well-known seasoned ~~area~~issuer, ~~code:~~as ~~(852) 23810818~~defined in Rule 405 of the Securities Act. Yes ☐ No ☑

~~Securities~~Indicate ~~registered~~by check mark if the registrant is not required to file reports pursuant to Section 12 13 or Section 15(bd) of the Act:. ~~None~~Yes ☐ No ☑

~~Securities~~Indicate ~~registered~~by ~~pursuant~~check mark whether the registrant (1) has filed all reports required to be filed by Section 12 13 or 15(gd) of the Securities Exchange Act: ~~common~~of ~~stock~~1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ~~par~~and ~~value~~(2) $0has been subject to such filing requirements for the past 90 days.~~001~~ ~~per~~Yes ~~share~~☑ No ☐

Indicate by check mark ifwhether the registrant ishas submitted aelectronically ~~well-known~~and ~~seasoned~~posted ~~issuer~~on its corporate Web site, asif ~~defined~~any, inevery Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the ~~Securities~~preceding ~~Act~~12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ ☐ No þ☑

Indicate by check mark if ~~the~~disclosure ~~registrant~~of isdelinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not ~~required~~contained toherein, ~~file~~and ~~reports~~will ~~pursuant~~not be contained, to ~~Section~~the 13best of registrant’s knowledge, in definitive proxy or ~~Section~~information ~~15(d)~~statements ofincorporated ~~the~~by ~~Act.~~reference ~~Yes~~in ¨Part III of this Form No10-K þor any amendment to Form 10-K. ☑

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 þ No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). Yes ¨ No þ

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

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 ¨☐ Smaller reporting company þ☑ (Do not check if a smaller reporting company)

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

The aggregate market value of common stock held by non-affiliates of the registrant (computed by reference to the average bid and asked price on June 3029, ~~2017~~2018) was $98247,~~855~~139.~~46.~~ Shares held by each executive officer, director and by each person who owns 10% or more of the outstanding common stock have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

As of March 2128, ~~2018~~2019, there were 43,800,000 shares of common stock, ~~par value~~ $0.001 per share par value, outstanding.

DOCUMENTS INCORPORATED BY REFERENCE None.

~~None.~~Part I

~~PART~~Item I1. Business.

~~Item~~Chinawe.com 1Inc. ~~Business~~(the “Company”, “Chinawe” or “we”), formerly known as Neo Modern Entertainment Corp. (“NeoModern”), was formed pursuant to the corporation laws of the State of California on March 19, 1997.

Chinawe~~.com~~’s ~~Inc.~~principal ~~(the~~business was providing professional ~~“Company”,~~management services relating to non-performing loans (“~~Chinawe~~NPLs”) orin the People’s Republic of China (“wePRC”), as ~~formerly~~well ~~known~~ as ~~Neo~~other ~~Modern~~consulting ~~Entertainment Corp~~services. During the first quarter of 2009, the Company’s sole customer, Huizhou One Limited (“~~NeoModern~~HOL”), ~~was~~issued ~~formed~~a ~~pursuant~~notice of termination to ~~the~~terminate ~~corporation~~its ~~laws~~service ofcontracts with the ~~State~~Company ofwith ~~California~~effect onfrom March 19 26 and March 27, ~~1997~~2009. Effective from March 27, 2009, the Company became a non-operating company.

~~Chinawe’s~~Item ~~principal business was providing professional management services relating to non-performing loans (“NPLs”) in the People’s Republic of China (“PRC”), as well as other consulting services~~1A. ~~During~~Risk the first quarter of 2009, the Company’s sole customer, Huizhou One Limited (“HOL”), issued a notice of termination to terminate its service contracts with the Company with effect from March 26 and March 27, 2009Factors. ~~Effective from March 27, 2009, the Company became a non-operating company.~~

~~Item~~Set 1Aforth below are certain risks and uncertainties relating to our business. ~~Risk~~These ~~Factors~~are not the only risks and uncertainties we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business. If any of the following risks actually occur, our business, operating results or financial condition could be materially adversely affected.

~~Set~~RISK ~~forth~~RELATED ~~below~~TO ~~are~~OUR certain risks and uncertainties relating to our business. These are not the only risks and uncertainties we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business. If any of the following risks actually occur, our business, operating results or financial condition could be materially adversely affected.BUSINESS

~~RISK~~THE ~~RELATED~~COMPANY TOCURRENTLY ~~OUR~~HAS NO OPERATING BUSINESS

~~THE~~The ~~COMPANY~~Company ~~CURRENTLY~~is ~~HAS~~currently NOseeking ~~OPERATING~~one ~~BUSINESS~~or more lines of business that it can enter into. The Company, however, has not identified a specific line of business or territory for any such new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that it will be successful in operating any such new business. If we do not successfully address these risks and uncertainties, our financial condition will be materially adversely affected and the Company may have to dissolve.

~~The~~WE ~~Company~~WILL isREQUIRE ~~currently~~FUNDS ~~seeking~~TO ~~one~~FINANCE orENTRY ~~more lines~~INTO ofA ~~business~~NEW ~~that it can enter into. The Company, however, has not identified a specific line of business or territory for~~LINE ~~any~~OF such new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that it will be successful in operating any such new business. If we do not successfully address these risks and uncertainties, our financial condition will be materially adversely affected and the Company may have to dissolve.BUSINESS

WEWe ~~WILL~~will ~~REQUIRE~~need ~~FUNDS~~financing TOto ~~FINANCE~~enter ~~ENTRY~~into ~~INTO~~a new line of business. AWe ~~NEW~~may ~~LINE~~seek OFto ~~BUSINESS~~obtain such funds through sales of equity and/or debt, or other external financing in order to fund any new operations. We cannot assure that any capital resources will be available to us, or, if available, will be on terms that will be acceptable to us. Any equity financing will dilute the equity interests of existing security holders. If adequate funds are not available or are not available on acceptable terms, our ability to execute any new business plan and our business will be materially and adversely affected. The principal stockholder of the Company has in the past advanced funds to the Company to continue its operations. Although this stockholder has indicated that it will continue to fund the Company while the Company searches for a new line of business, there can be no assurance that the principal stockholder will continue to so fund the Company until a new line of business is located.

WeTHE ~~will~~COMPANY ~~need~~MAY ~~financing~~BE toSUBJECT ~~enter~~TO ~~into~~INTEREST aAND ~~new line~~PENALTIES ~~of business. We may seek to obtain such funds through sales of equity and/or debt, or other external financing in order to~~FOR ~~fund~~FAILURE ~~any~~TO ~~new~~FILE ~~operations.~~FEDERAL WeAND ~~cannot~~CALIFORNIA ~~assure~~INCOME ~~that~~TAX any capital resources will be available to us, or, if available, will be on terms that will be acceptable to us. Any equity financing will dilute the equity interests of existing security holders. If adequate funds are not available or are not available on acceptable terms, our ability to execute any new business plan and our business will be materially and adversely affected. The principal stockholder of the Company has in the past advanced funds to the Company to continue its operations. Although this stockholder has indicated that it will continue to fund the Company while the Company searches for a new line of business, there can be no assurance that the principal stockholder will continue to so fund the Company until a new line of business is located.RETURNS

~~THE~~The ~~COMPANY~~Company ~~MAY~~filed BEForms ~~SUBJECT~~5471 TOand ~~PENALTIES~~5472 ~~FOR~~with ~~FAILURE~~the TOInternal ~~FILE~~Revenue Service ~~FEDERAL~~(the “IRS”) late. The IRS could impose aggregate penalties of approximately $330,000 for such late filings. ~~INCOME~~As ~~TAX~~of ~~RETURNS~~December 31, 2018 and the date of the Company’s financial statements, the Company has not received any correspondence from the IRS in respect of such penalties. The imposition of such penalties would have a material adverse effect upon the Company’s financial condition.

~~The~~RISKS ~~Company~~RELATING ~~filed~~TO ~~Forms~~OUR 5471 and 5472 with the Internal Revenue Service (the “IRS”) late. The IRS could impose aggregate penalties of approximately $330,000 for such late filings. As of December 31, 2017 and the date of the Company’s financial statements, the Company has not received any correspondence from the IRS in respect of such penalties. The imposition of such penalties would have a material adverse effect upon the Company’s financial condition.STOCK

~~RISKS~~BECAUSE ~~RELATING~~OUR COMMON STOCK PRICE IS BELOW $5.00, WE ARE SUBJECT TO ~~OUR~~ADDITIONAL ~~STOCK~~RULES AND REGULATIONS.

~~BECAUSE~~The ~~OUR~~Securities ~~COMMON~~and ~~STOCK~~Exchange ~~PRICE~~Commission IS(“SEC”) ~~BELOW~~has adopted regulations which generally define a “penny stock” to be any equity security that has a market price (as defined) of less than $5.00 per share, WEsubject ~~ARE~~to ~~SUBJECT~~certain TOexceptions. ~~ADDITIONAL~~The ~~RULES~~Company’s ~~AND~~common ~~REGULATIONS~~stock, par value $0.001 per share (“Common Stock”), presently is a “penny stock”. Because our Common Stock is a “penny stock”, it is subject to rules that impose additional sales practice requirements on broker/dealers who sell our securities to persons other than established customers and accredited investors. There can be no assurance that the Common Stock will trade for $5.00 or more per share, or if so, when.

~~The~~TRADING ~~Securities~~ON ~~and~~THE ~~Exchange~~OTC ~~Commission~~MARKETS; ~~(“SEC”) has~~POSSIBLE adopted regulations which generally define a “penny stock” to be any equity security that has a market price (as defined) of less than $5.00 per share, subject to certain exceptions. The Company’s common stock, par value $0.001 per share (“Common Stock”), presently is a “penny stock”. Because our Common Stock is a “penny stock”, it is subject to rules that impose additional sales practice requirements on broker/dealers who sell our securities to persons other than established customers and accredited investors. There can be no assurance that the Common Stock will trade for $5.00 or more per share, or if so, when.DELISTING

~~TRADING~~Absent ONNASDAQ ~~THE~~Capital Market or other NASDAQ or stock exchange listing, trading, if any, in our Common Stock will, as it presently is, continue on the OTC ~~MARKETS;~~Markets. ~~POSSIBLE~~As ~~DELISTING~~a result, you may find it difficult to dispose of or to obtain accurate quotations as to the market value of the Common Stock. If delisted, we cannot predict when, if ever, our class of Common Stock would be re-listed for trading on the OTC Markets or any other market or exchange as the approval to re-list the Common Stock is subject to review by applicable regulatory authorities.

~~Absent~~POSSIBLE ~~NASDAQ~~TERMINATION ~~Capital~~OF ~~Market~~REGISTRATION orOF ~~other~~OUR ~~NASDAQ or~~COMMON ~~stock exchange listing, trading, if any, in our Common Stock will, as it presently is, continue on the OTC Markets. As a result,~~STOCK ~~you~~UNDER ~~may~~THE ~~find~~SECURITIES itEXCHANGE ~~difficult~~ACT toOF ~~dispose of or to obtain accurate quotations as to the market value of the Common Stock. If delisted~~1934, we ~~cannot~~AS predict when, if ever, our class of Common Stock would be re-listed for trading on the OTC Markets or any other market or exchange as the approval to re-list the Common Stock is subject to review by applicable regulatory authorities.AMENDED

2The Company may elect to terminate the registration of the Common Stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In the event the Company so terminates the registration of the Common Stock (i.e., “goes Dark”), the Company’s reporting obligations under the Exchange Act will be suspended and stockholders will no longer have access to current information about the Company.

~~POSSIBLE~~Item ~~TERMINATION~~1B. OFUnresolved ~~REGISTRATION~~Staff ~~OF OUR COMMON STOCK UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED~~Comments.

~~The~~Not ~~Company may elect to terminate the registration of the Common Stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)~~applicable. In the event the Company so terminates the registration of the Common Stock (i.e., “goes Dark”), the Company’s reporting obligations under the Exchange Act will be suspended and stockholders will no longer have access to current information about the Company.

Item 1B2. ~~Unresolved Staff Comments~~Properties.

~~Not~~The ~~applicable~~Company’s headquarters are located in Kowloon, Hong Kong.

Item 23. ~~Properties~~Legal Proceedings.

~~The~~We ~~Company’s~~are ~~headquarters~~not ~~are~~engaged ~~located~~ in ~~Kowloon,~~any ~~Hong~~litigation ~~Kong~~or governmental proceedings.

Item 34. ~~Legal~~Mine ~~Proceedings.~~Safety Disclosures

WeNot ~~are not engaged in any litigation or governmental proceedings~~applicable.

~~Item~~PART ~~4. Mine Safety Disclosures~~II

~~Not~~Item ~~applicable~~5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

~~PART~~(a) Our shares IIof Common Stock are traded on the OTC Pink marketplace under the symbol “CHWE”. Trading in the Common Stock is limited.

~~Item~~The 5.following ~~Market~~table ~~for~~sets ~~Registrant’s~~forth ~~Common~~the ~~Equity,~~range ~~Related~~of ~~Stockholder~~high ~~Matters~~ and ~~Issuer~~low ~~Purchases~~bids for ofour ~~Equity~~Common ~~Securities.~~Stock for our two most recent fiscal years:

(a) Our shares of Common Stock are traded on the OTC Pink marketplace under the symbol “CHWE”. Trading in the Common Stock is limited.

	High (U.S.$)		Low (U.S.$)

2018

January 1, 2018 – March 31, 2018		.03		.01
April 1, 2018 – June 30, 2018		.02		.01
July 1, 2018 – September 30, 2018		.02		.01
October 1, 2018 – December 31, 2018		.03		.01

2017

January 1, 2017 – March 31, 2017		.01		.01
April 1, 2017 – June 30, 2017		.02		.01
July 1, 2017 – September 30, 2017		.01		.01
October 1, 2017 – December 31, 2017		.02		.01

The ~~following~~foregoing ~~table~~quotations ~~sets~~reflect ~~forth~~inter-dealer ~~the~~prices, ~~range of~~without ~~high~~retail ~~and~~mark-up, ~~low~~mark-down ~~bids~~or ~~for~~commission ~~our~~and ~~Common~~may ~~Stock~~not ~~for~~represent ~~our~~actual ~~two most recent fiscal years:~~transactions.

3On March 28, 2019, the last day the Common Stock traded, the Common Stock was quoted at U.S.$.03 per share.

	High (U.S.$)		Low (U.S.$)
2017
January 1, 2017 – March 31, 2017		.01		.01
April 1, 2017 – June 30, 2017		.02		.01
July 1, 2017 – September 30, 2017		.01		.01
October 1, 2017 – December 31, 2017		.02		.01
2016
January 1, 2016 – March 31, 2016		.02		.00
April 1, 2016 – June 30, 2016		.00		.00
July 1, 2016 – September 30, 2016		.01		.00
October 1, 2016 – December 31, 2016		.01		.01

(b) As of March 28, 2019, the Company had 43,800,000 shares of Common Stock outstanding and, as of March 28, 2019, 20 stockholders computed by the number of record holders, not including holders for whom shares are being held in the name of brokerage houses and clearing agencies.

~~The~~(c) We have ~~foregoing~~not ~~quotations~~paid ~~reflect~~any ~~inter-dealer prices~~cash dividends with respect to our Common Stock, ~~without~~nor ~~retail~~does ~~mark-up~~our Board of Directors intend to declare cash dividends on our Common Stock in the foreseeable future, ~~mark-down~~in ororder ~~commission~~to ~~and~~conserve ~~may~~cash ~~not~~for ~~represent~~working ~~actual~~capital ~~transactions~~purposes.

~~On March 28, 2018, the last day the Common Stock traded, the Common Stock was quoted at U.S.$.01 per share.~~2

~~(b) As~~Item of6. ~~March~~Selected ~~21,~~Financial 2018, the Company had 43,800,000 shares of Common Stock outstanding and, as of March 21, 2018, 20 stockholders computed by the number of record holders, not including holders for whom shares are being held in the name of brokerage houses and clearing agenciesData.

~~(c) We~~Not have not paid any cash dividends with respect to our Common Stock, nor does our Board of Directors intend to declare cash dividends on our Common Stock in the foreseeable future, in order to conserve cash for working capital purposesapplicable.

Item 67. ~~Selected~~Management’s Discussion and Analysis of Financial ~~Data~~Condition and Results of Operations.

~~Not~~The ~~applicable~~following discussion should be read in conjunction with the Financial Statements and Notes thereto appearing elsewhere in this Form 10-K. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed in “Risk Factors” and elsewhere in this Report.

4Overview — Results of Operations

~~Item~~The ~~7. Management~~Company’s ~~Discussion~~financial statements for the year ended December 31, 2018 have been prepared on a going concern basis, which contemplates the realization of assets and ~~Analysis~~the settlement of ~~Financial~~liabilities ~~Condition~~and commitments in the normal course of business. For the year ended December 31, 2018, the Company reported a net loss of U.S.$36,926, and ~~Results~~as of ~~Operations~~December 31, 2018 had a negative working capital and stockholders’ deficit of U.S.$447,123 and U.S.$447,123, respectively. Effective March 27, 2009, the Company ceased providing professional management services relating to NPLs in the PRC. The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, the Company will have adequate funding to commence operations of a new line of business. A principal stockholder has indicated its intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from this stockholder will be continued. The Company is also considering de-registering its Common Stock with the SEC with the result that the Company’s reporting obligations under the Exchange Act will be suspended. See “Item1A. RISK FACTORS-RISKS RELATING TO OUR STOCK-POSSIBLE TERMINATION OF REGISTRATION OF OUR COMMON STOCK UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.”

The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-K. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed in “Risk Factors” and elsewhere in this Report.

	Year ended December 31,
	2018			2017
	U.S.$			U.S.$
Revenue	—			—
Administrative and general expenses		(36,926	)		(67,086	)

Loss before income taxes		(36,926	)		(67,086	)
Income tax expense		—			—

Net loss		(36,926	)		(67,086	)

~~Overview~~Year —ended ~~Results~~December of31, ~~Operations~~2018 compared to the year ended December 31, 2017

~~The~~Revenues. ~~Company’s~~Revenues ~~financial statements~~ for ~~the~~ ~~year ended December 31, 2017 have been prepared on a going concern basis, which contemplates~~ the ~~realization of assets and the settlement of liabilities and commitments in the normal course of business. For the~~ year ended December 31, ~~2017,~~2018 ~~the~~were ~~Company reported a net loss of~~ U.S.$~~67,086,~~0 ~~and~~ as ofcompared ~~December 31,~~to ~~2017 had a negative working capital and stockholders’ deficit of~~ U.S.$~~410,197~~0 ~~and~~for ~~U.S.$410,197,~~the ~~respectively.~~year ~~Effective~~ended ~~March 27,~~December ~~2009~~31, ~~the Company ceased providing professional management services relating to NPLs in the PRC~~2017. The Company ~~has~~discontinued ~~terminated~~ its ~~employees~~sole ~~and closed down its offices. The Company has not identified a specific line of~~ business orwith ~~territory~~HOL ~~for any new business. There can be no assurance that the Company will be successful~~ in ~~identifying a new line of business that it can enter into or that if such new line of business is identified,~~ ~~the~~March ~~Company~~2009 ~~will~~and ~~have~~has ~~adequate~~not ~~funding~~generated ~~to commence operations of a~~ new ~~line of~~ business. ~~A principal stockholder has indicated its intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that~~ in ~~such~~this ~~a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long~~ or toany ~~what~~other ~~extent such a period of time would be “reasonable” and there can be no assurance that the financing from the principal stockholder will be continued~~field. The Company is also considering de-registering its Common Stock with the SEC with the result that the Company’s reporting obligations under the Exchange Act will be suspended. See “Item1A. RISK FACTORS-RISKS RELATING TO OUR STOCK-POSSIBLE TERMINATION OF REGISTRATION OF OUR COMMON STOCK UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.” and “Item 13. Certain Relationships and Related Transactions, and Director Independence.”

	Year ended December 31,
	2017			2016
	U.S.$			U.S.$
Revenue		—			—
Administrative and general expenses		(67,086	)		(25,636	)
Loss before income taxes		(67,086	)		(25,636	)
Income tax expense		—			—
Net loss		(67,086	)		(25,636	)

Administrative and general expenses. Administrative and general expenses for the year ended December 31, 2018 were U.S.$36,926, a decrease of 45% as compared to U.S.$67,086 for the year ended December 31, 2017. The decrease was due to payment of franchise tax and related interest and penalties of US$20,000 and legal and professional fees to pursue reinstatement in California during 2017.

5Income tax expense. No income tax expense for the years ended December 31, 2018 and 2017 was incurred because the Company reported a net loss in both years.

~~Year~~Liquidity ~~ended~~and ~~December 31,~~Capital ~~2017 compared to the year ended December 31, 2016~~Resources

~~Revenues.~~The ~~Revenues~~Company’s financial statements for the year ended December 31, ~~2017~~2018 ~~were~~have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. For the year ended December 31, 2018, the Company reported a net loss of U.S.$036,926 asand ~~compared~~had toa negative working capital and stockholders’ deficit of U.S.$0447,123 ~~for~~and U.S.$447,123, respectively. The Company has relied on private financing by advances from the ~~year~~principal ~~ended~~stockholder ~~December 31~~of the Company, ~~2016~~who has agreed not to demand repayment of amounts due as long as the Company has negative working capital. The ~~Company~~principal ~~discontinued~~stockholder has indicated its ~~sole~~intention ~~business~~to ~~with~~finance ~~HOL~~the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in ~~March 2009~~such ~~and~~a ~~has~~period of time the Company would not ~~generated~~be ~~new~~able ~~business~~to inraise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from this stockholder will be continued. The accompanying financial statements do not include or reflect any adjustments ~~other~~that ~~field~~might result from the outcome of these uncertainties.

~~Administrative and general expenses. Administrative and general expenses for the year ended December~~3 31, 2017 were U.S.$67,086, an increase of 162% as compared to U.S.$25,636 for the year ended December 31, 2016. The increase was due to payment of franchise tax and related interest and penalties of $25,000 and an increase in legal and professional fees to pursue reinstatement in California.

~~Income~~Critical ~~tax~~Accounting ~~expense.~~Policies ~~No income tax expense for the years ended December 31, 2017~~ and ~~2016 was incurred because the Company reported a net loss in both years.~~Estimates

A company’s financial statements reflect the selection and application of accounting policies which require management to make significant estimates and assumptions. Since the Company has no business, we believe there is no critical judgment area in the application of our accounting policies that currently affects our financial condition and results of operations except for the disclosure above under “Liquidity and Capital Resources”.

~~The~~Off-Balance ~~Company’s~~Sheet financial statements for the year ended December 31, 2017 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. For the year ended December 31, 2017, the Company reported a net loss of U.S.$67,086 and had a negative working capital and stockholders’ deficit of U.S.$410,197 and U.S.$410,197, respectively. The Company has relied on private financing by advances from the principal stockholder of the Company, who has agreed not to demand repayment of amounts due to it as long as the Company has negative working capital. The principal stockholder has indicated its intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from the stockholder will be continued. The accompanying financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.Arrangements

~~Critical~~The ~~Accounting~~Company ~~Policies~~has ~~and~~no ~~Estimates~~off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to the Company.

AFuture company’s financial statements reflect the selection and application of accounting policies which require management to make significant estimates and assumptions. Since the Company has no business, we believe there is no critical judgment area in the application of our accounting policies that currently affects our financial condition and results of operations except for the disclosure above under “Liquidity and Capital Resources”.Operations

6The Company is seeking investment opportunities that may provide revenue for the Company. However, the Company has not identified a specific line of business or territory for any such new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the receipt of revenue is probable. The Company is also considering de-registering its Common Stock with the SEC with the result that it would no longer have to file periodic reports with the SEC. See “Item 1A. RISK FACTORS–RISKS RELATING TO OUR STOCK–POSSIBLE TERMINATION OF REGISTRATION OF OUR COMMON STOCK UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.”

~~Off-Balance~~Item ~~Sheet~~7A. ~~Arrangements~~Quantitative and Qualitative Disclosures About Market Risk.

~~The~~Not Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to the Companyapplicable.

~~Future~~Item ~~Operations~~8. Financial Statements and Supplementary Data.

The ~~Company~~financial isstatements ~~seeking~~required ~~investment~~by ~~opportunities that~~this ~~may~~Item ~~provide~~are ~~revenue~~set ~~for the Company. However, the Company has not identified a specific line of business or territory for~~forth ~~any~~at ~~such new business. There can be no assurance that~~ the ~~Company~~pages ~~will~~indicated ~~be successful~~ in identifying a new line of business that it can enter into or that if such new line of business is identified, that the receipt of revenue is probable. The Company is also considering de-registering its Common Stock with the SEC with the result that it would no longer have to file periodic reports with the SEC. See “Item ~~1A.~~15 ~~RISK~~in ~~FACTORS–RISKS~~this ~~RELATING TO OUR STOCK–POSSIBLE TERMINATION OF REGISTRATION OF OUR COMMON STOCK UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED~~Report.”

Item 7A9. ~~Quantitative~~Changes in and ~~Qualitative~~Disagreements with ~~Disclosures~~Accountants ~~About~~on ~~Market~~Accounting ~~Risk~~and Financial Disclosure.

Not applicable.

Item 89A. ~~Financial~~Controls ~~Statements~~ and ~~Supplementary Data~~Procedures.

~~The financial statements required by this Item~~(a) Evaluation ~~are~~of ~~set~~Disclosure ~~forth~~Controls atand ~~the pages indicated in Item 15 in this Report~~Procedures.

~~Item~~As 9of the end of the period covered by this Report, the Company conducted an evaluation, under the supervision and with the participation of its Chief Executive Officer and Chief Financial Officer, of its disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). ~~Changes~~Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act is recorded, processed, summarized and ~~Disagreements~~reported ~~with~~within ~~Accountants~~the ontime ~~Accounting~~periods specified in the rules and forms of the SEC and which also are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial ~~Disclosure~~Officer, to allow timely decisions regarding required disclosure.

~~Not~~The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the (i) effectiveness and efficiency of operations, (ii) reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles, and (iii) compliance with applicable laws and regulations. The Company’s internal controls framework is based on the criteria set forth in the Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

~~Item~~Because 9Aof its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ~~Controls~~Also, ~~and~~projections ~~Procedures~~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.

~~(a)~~4 ~~Evaluation of Disclosure Controls and Procedures.~~

AsManagement’s assessment of the ~~end~~effectiveness of the ~~period covered by this Report, the~~ Company ~~conducted an evaluation, under the supervision and with the participation of its Chief Executive Officer and~~’s ~~Chief~~internal ~~Financial~~control ~~Officer,~~over offinancial ~~its~~reporting ~~disclosure~~is ~~controls and procedures (~~as ~~defined in Rule 13a-15(e) and Rule 15d-15(e)~~ of the ~~Exchange~~fiscal ~~Act).~~year ~~Based~~ended ~~upon~~December ~~this evaluation~~31, ~~the~~2018. ~~Chief~~We ~~Executive~~believe ~~Officer and Chief Financial Officer concluded~~ that ~~the~~our ~~Company’s~~internal control ~~disclosure~~over ~~controls~~financial ~~and~~reporting ~~procedures~~is ~~are~~ effective. toWe ~~ensure~~have ~~that~~not ~~information~~identified ~~required~~any tocurrent bematerial ~~disclosed~~weaknesses byconsidering the ~~Company~~nature ~~in the reports that the Company files or submits under the Exchange Act is recorded, processed, summarized~~ and ~~reported within the time periods~~extent ~~specified~~of inour ~~the~~current ~~rules~~operations and ~~forms~~any ofrisks ~~the~~or ~~SEC~~errors ~~and which also are effective~~ in ~~ensuring~~financial ~~that~~reporting ~~information required to be disclosed by the Company in the reports that it files or submits~~ under ~~the~~current Exchange Act is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosureoperations.

~~The~~This ~~Company’s~~Report ~~management~~does isnot ~~responsible for~~include ~~establishing~~an ~~and~~attestation ~~maintaining~~report ~~adequate~~of ~~internal control over financial reporting for~~ the Company ~~as defined in Rules 13a-15(f)~~’s ~~and~~registered ~~15d-15(f)~~public ~~under~~accounting ~~the~~firm ~~Exchange~~regarding ~~Act. The Company’s~~ internal control over financial reporting. isManagement’s ~~designed~~report towas ~~provide~~not ~~reasonable~~subject ~~assurance~~to ~~regarding~~attestation ~~the~~by ~~(i) effectiveness and efficiency of operations, (ii) reliability of financial reporting and~~ the ~~preparation~~ ~~of financial statements for external purposes in accordance with generally accepted accounting principles, and (iii) compliance with applicable laws and regulations. The~~ Company’s ~~internal~~registered ~~controls~~public ~~framework~~accounting isfirm ~~based~~pursuant onto ~~the~~rules ~~criteria~~of ~~set forth in~~ the ~~Internal~~ ~~Control~~SEC —that ~~Integrated~~permit ~~Framework (2013) issued by~~ the ~~Committee~~Company ofto provide ~~Sponsoring~~only ~~Organizations~~management’s ofreport ~~the~~in ~~Treadway~~this ~~Commission (COSO)~~Report.

~~Because of its inherent limitations, internal~~(b) Changes 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,~~Internal ~~or that the degree of compliance with the policies or procedures may deteriorate~~Controls.

~~Management’s~~There ~~assessment~~were ofno ~~the~~changes ~~effectiveness of~~in the Company’s internal control over financial reporting isfor ~~as of~~ the ~~fiscal~~ year ended December 31, ~~2017.~~2018 ~~We believe~~ that ~~our internal control over financial reporting is effective. We~~ have ~~not~~materially ~~identified~~affected, ~~any~~or ~~current~~are ~~material~~reasonably ~~weaknesses~~likely ~~considering~~to materially affect, the ~~nature~~Company’s ~~and~~internal ~~extent~~control ofover ~~our current operations and any risks or errors in~~ financial reporting ~~under current operations~~.

~~This~~Item ~~Report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting~~9B. ~~Management’s report~~Other ~~was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the SEC that permit the Company to provide only management’s report in this Report~~Information.

7Not applicable.

~~(b) Changes~~PART ~~in Internal Controls.~~III

~~There~~Item ~~were~~10. ~~no changes in the Company’s internal control over financial reporting for the year ended December 31~~Directors, ~~2017~~Executive ~~that have materially affected, or are reasonably~~Officers ~~likely~~and toCorporate ~~materially affect, the Company’s internal control over financial reporting~~Governance.

~~Item 9B. Other Information.~~Management

~~Not~~The ~~applicable.~~following sets forth information regarding our executive officers, directors and other key employees:

PART III

Name	Age	Title
Man Keung Alan Wai	58	Chairman of the Board, Chief Executive Officer, Chief Financial Officer and President
Man Ying Ken Wai	53	Vice President and Secretary, Director
Xiaojiang Zhao	51	Director

~~Item~~The 10following is a brief account of the business experience of the above mentioned individuals. ~~Directors~~References to “our Company” and “since its incorporation” in the following description refer to Gonet Associates Limited (“Gonet”) and affiliates and not Neo Modern as it existed prior to the merger of Chinawe.com Inc., ~~Executive~~a ~~Officers~~Delaware corporation, with and ~~Corporate~~into ~~Governance~~Neo Modern on March 15, 2001.

~~Management~~Mr. Wai, Man Keung Alan — Chairman of the Board, Chief Executive Officer, Chief Financial Officer and President

~~The~~Mr. ~~following~~Wai, ~~sets~~Man ~~forth~~Keung ~~information~~Alan ~~regarding~~is ~~our~~the ~~executive~~founder ~~officers~~of the Company and the Chairman and Chief Executive Officer since its incorporation. He became Chief Financial Officer on August 26, 2010. He is responsible ~~directors~~for identifying business opportunities, overall strategic planning and ~~other~~development ~~key~~of ~~employees:~~the Company. Mr. Wai has over 15 years of entrepreneurial experience in business development and administration prior to founding Welcon Info-Tech in Hong Kong in 1997.

Name	Age	Title
Man Keung Alan Wai	57	Chairman of the Board, Chief Executive Officer, Chief Financial Officer and President
Man Ying Ken Wai	52	Vice President and Secretary, Director
Xiaojiang Zhao	50	Director

Mr. Wai, Man Ying Ken — Director, Vice President and Secretary

~~The~~Mr. ~~following~~Wai, Man Ying Ken is athe ~~brief~~co-founder, ~~account~~Director, Vice President and Secretary of ~~the~~our ~~business~~Company since its incorporation. He became Secretary on August 26, 2010. He has responsibility for determining ~~experience~~and ofdeveloping the ~~above~~Company’s ~~mentioned~~direction, ~~individuals~~establishing operation strategies, considering economic benefits, assets valuation and financial decision making. ~~References~~Prior to ~~“our~~his ~~Company”~~current ~~and~~position, ~~“since~~Mr. ~~its~~Wai ~~incorporation”~~was a director in a Hong Kong-based company specializing in ~~the~~property ~~following~~development ~~description~~and ~~refer~~construction. toHaving ~~Gonet~~co-founded ~~Associates~~Chinawe ~~Limited~~with ~~(“Gonet”)~~his ~~and~~elder ~~affiliates~~brother ~~and~~Mr. ~~not~~Wai ~~Neo~~Man ~~Modern~~Keung asAlan, ithe ~~existed~~has dedicated ~~prior~~himself to the ~~merger~~development and management of ~~Chinawe.com~~our ~~Inc.,~~Company aever ~~Delaware~~since. ~~corporation,~~He ~~with~~studied ~~and~~General ~~into~~Science ~~Neo~~at ~~Modern~~the onUniversity ~~March 15,~~of ~~2001~~Waterloo, Canada.

Mr. ~~Wai~~ Zhao, ~~Man~~Xiaojiang ~~Keung Alan~~ — ~~Chairman~~ ~~of the Board, Chief Executive Officer, Chief Financial Officer and President~~Director

Mr. ~~Wai,~~ ~~Man~~Zhao ~~Keung~~become ~~Alan~~a isdirector ~~the founder~~ of the Company ~~and~~in ~~the~~November ~~Chairman~~2016. He is a principal and ~~Chief~~director ~~Executive~~of ~~Officer~~Guangdong ~~since~~Rui ~~its~~Sheung ~~incorporation~~Properties Co. HeLtd. ~~became~~(“Rui ~~Chief~~Sheung”), ~~Financial~~a ~~Officer~~Chinese oncompany ~~August 26,~~engaged ~~2010.~~in Hethe isreal ~~responsible~~estate ~~for~~business. ~~identifying~~Prior ~~business~~to ~~opportunities~~Rui Sheung, ~~overall~~he ~~strategic~~was ~~planning~~affiliated ~~and~~with ~~development~~Guangzhou ofZan ~~the~~Bu ~~Company~~Trade Co. MrLtd. ~~Wai~~ from April 2000 through ~~has~~August ~~over~~2010. ~~15 years~~He ofwas ~~entrepreneurial~~affiliated ~~experience~~with inFirst ~~business~~Tractor ~~development~~Manufactory ~~and~~from ~~administration~~September ~~prior~~1988 tothrough ~~founding~~March ~~Welcon~~2000. ~~Info-Tech~~Mr. Zhao holds a diploma infrom ~~Hong~~the ~~Kong~~Henan College of Economics in ~~1997~~China.

~~Mr. Wai,~~Section ~~Man~~16(a) ~~Ying~~Beneficial ~~Ken~~Ownership —Reporting ~~Director, Vice President and Secretary~~Compliance

~~Mr. Wai,~~Under ~~Man~~Federal ~~Ying~~securities ~~Ken~~laws, is the ~~co-founder~~Company’s directors, ~~Director,~~executive ~~Vice~~officers ~~President~~ and ~~Secretary~~any ofperson ~~our~~holding ~~Company~~more ~~since~~than ~~its~~10% ~~incorporation.~~of Hethe ~~became~~Company’s ~~Secretary~~Common onStock ~~August 26,~~are ~~2010.~~required ~~He has~~to ~~responsibility~~report ~~for~~their ~~determining~~ownership of ~~and developing~~ the Company’s ~~direction,~~Common ~~establishing~~Stock ~~operation~~and ~~strategies,~~any ~~considering economic~~changes ~~benefits,~~in ~~assets~~that ~~valuation~~ownership ~~and~~to ~~financial~~the ~~decision~~SEC ~~making.~~on ~~Prior~~the toSEC’s ~~his~~Forms ~~current position~~3, ~~Mr. Wai~~4 ~~was~~and a5. ~~director~~Based inon athe ~~Hong~~Company ~~Kong-based~~not ~~company~~having ~~specializing~~received incopies ~~property~~of ~~development~~any ~~and~~such ~~construction.~~forms, ~~Having~~the ~~co-founded~~Company ~~Chinawe~~believes ~~with~~that ~~his~~no ~~elder~~officers, ~~brother Mr. Wai~~directors ~~Man~~or ~~Keung~~owners ~~Alan,~~of hegreater than ~~has~~10% ~~dedicated~~of ~~himself to~~ the ~~development~~Company’s ~~and~~Common ~~management~~Stock ofengaged ~~our~~in ~~Company~~any ~~ever~~transactions ~~since.~~in Hethe ~~studied~~Company’s ~~General Science~~Common atStock during the ~~University~~fiscal year ofended ~~Waterloo~~December 31, ~~Canada~~2018.

~~Mr.~~5 ~~Zhao, Xiaojiang — Director~~

~~Mr.~~Code ~~Zhao become a director~~ of the Company in November 2016. He is a principal and director of Guangdong Rui Sheung Properties Co. Ltd. (“Rui Sheung”), a Chinese company engaged in the real estate business. Prior to Rui Sheung, he was affiliated with Guangzhou Zan Bu Trade Co. Ltd. from April 2000 through August 2010. He was affiliated with First Tractor Manufactory from September 1988 through March 2000. Mr. Zhao holds a diploma from the Henan College of Economics in China.Ethics

~~Section 16(~~The Company has adopted a Code of Ethics that applies to all of its directors, officers (including its Chief Executive Officer, Chief Financial Officer, Controller and any person performing similar functions) ~~Beneficial~~and ~~Ownership~~employees. ~~Reporting~~The Company has filed a copy of this Code of Ethics as Exhibit 14 to its Annual Report on Form ~~Compliance~~10-KSB for the year ended December 31, 2003.

~~Under~~Audit ~~Federal~~Committee ~~securities~~Financial laws, the Company’s directors, executive officers and any person holding more than 10% of the Company’s Common Stock are required to report their ownership of the Company’s Common Stock and any changes in that ownership to the SEC on the SEC’s Forms 3, 4 and 5. Based on the Company not having received copies of any such forms, the Company believes that no officers, directors or owners of greater than 10% of the Company’s Common Stock engaged in any transactions in the Company’s Common Stock during the fiscal year ended December 31, 2017.Expert

8The Company does not have a standing Audit Committee and, accordingly, does not have an “Audit Committee Financial Expert” within the meaning of the rules and regulations of the SEC.

~~Code~~Item of11. ~~Ethics~~Executive Compensation.

~~The~~No ~~Company~~compensation ~~has~~was ~~adopted~~paid ~~a Code of Ethics that applies~~ to ~~all~~the ~~of its directors, officers (including its~~ Chief Executive Officer, ~~Chief~~during the ~~Financial~~years ~~Officer~~ended December 31, ~~Controller~~2018 and ~~any~~December ~~person performing~~31, ~~similar functions) and employees~~2017. ~~The~~No ~~Company~~other ~~has~~executive ~~filed~~officer received a ~~copy~~total ofannual ~~this~~salary ~~Code~~and ofbonus ~~Ethics as Exhibit 14 to its Annual~~exceeding ~~Report~~$100,000 onduring ~~Form~~either ~~10-KSB~~of ~~for~~such ~~the year ended December 31, 2003~~years.

~~Audit~~Item ~~Committee~~12. ~~Financial~~Security ~~Expert~~Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The ~~Company~~following ~~does~~table ~~not~~sets ~~have~~forth ainformation ~~standing~~as ~~Audit Committee~~of ~~and,~~March ~~accordingly~~28, 2019, ~~does~~regarding ~~not~~the ~~have~~beneficial anownership ~~“Audit~~of ~~Committee~~Common ~~Financial~~Stock ~~Expert”~~of ~~within~~(1) each person or group known by us to beneficially own 5% or more of the ~~meaning~~outstanding shares of Common Stock, (2) each director and named executive officer and (3) all directors and executive officers as a group. Unless otherwise noted, the ~~rules~~persons named below have sole voting and investment power with ~~regulations~~respect ofto the ~~SEC~~shares shown as beneficially owned by them.

Item 11. Executive Compensation.

Name of Beneficial Owner ⁽¹⁾	Amount of Beneficial Ownership			Percent of Outstanding Shares of Class Owned

Gonet Associates Ltd. ⁽²⁾		25,804,090			58.9
Man Keung Alan Wai ⁽²⁾		25,804,090			58.9
Man Ying Ken Wai		0			0
Xiaojiang Zhao		1,520,000			3.5
Properties of Light, LLC⁽³⁾		4,196,366			9.6
All officers and directors as a group (3 persons)		27,324,090	⁽²⁾⁽³⁾		62.4

No(1) ~~compensation~~The ~~was~~address ~~paid~~for toeach ~~the~~of ~~Chief Executive Officer during~~ the ~~years~~officers ~~ended December 31, 2017~~ and ~~December 31,~~directors ~~2016.~~of Nothe ~~other~~Company ~~executive~~is ~~officer~~c/o ~~received~~our acorporate ~~total~~headquarters ~~annual salary~~in ~~and bonus exceeding $100~~Kowloon,~~000~~ ~~during~~Hong ~~either of such years~~Kong.

~~Item~~(2) ~~12.~~Man ~~Security~~Keung ~~Ownership~~Alan Wai, through his control of ~~Certain~~Gonet ~~Beneficial~~Associates ~~Owners~~Ltd., ~~and~~beneficially ~~Management~~owns ~~and~~the ~~Related~~shares ~~Stockholder~~of ~~Matters~~Common Stock held by Gonet.

(3) The ~~following~~address ~~table~~for ~~sets~~Properties ~~forth information as~~ of ~~March 21~~Light, ~~2018~~LLC, ~~regarding~~a ~~the~~California ~~beneficial~~limited ~~ownership~~liability ofcompany, ~~Common~~is ~~Stock~~1901 ofAvenue ~~(1) each person or group known by us to beneficially own 5% or more~~ of the ~~outstanding~~Stars, ~~shares~~Suite ~~of Common Stock~~240, ~~(2) each~~Los ~~director and named executive officer and (3) all directors and executive officers as a group. Unless otherwise noted~~Angeles, ~~the~~CA ~~persons named below have sole voting and investment power with respect to the shares shown as beneficially owned by them~~90067.

Name of Beneficial Owner (1)	Amount of Beneficial Ownership			Percent of Outstanding Shares of Class Owned
Gonet Associates Ltd. (2)		25,804,090			58.9
Man Keung Alan Wai (2)		25,804,090			58.9
Man Ying Ken Wai		0			0
Xiaojiang Zhao		1,520,000			3.5
Properties of Light, LLC (3)		4,196,366			9.6
All officers and directors as a group (3 persons)		27,324,090	(2)		62.4

* * *

(1)	The address for each of the officers and directors of the Company is c/o our corporate headquarters in Kowloon, Hong Kong.
(2)	Man Keung Alan Wai, through his control of Gonet Associates Ltd., beneficially owns the shares of Common Stock held by Gonet.
(3)	The address for Properties of Light, LLC, a California limited liability company, is 1901 Avenue of the Stars, Suite 240, Los Angeles, CA 90067.

*The *following *table sets forth information as of December 31, 2018 with respect to compensation plans (including individual compensation arrangements) under which shares of the Company’s Common Stock are authorized for issuance.

9Equity Compensation Plan Information

The following table sets forth information as of December 31, 2017 with respect to compensation plans (including individual compensation arrangements) under which shares of the Company’s Common Stock are authorized for issuance.

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)		Weighted-average exercise price of outstanding options, warrants and rights (b)	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)
Equity compensation plans approved by security holders		0	N/A		0

Equity compensation plans not approved by security holders		0	N/A		0

Total		0	N/A		0

~~Equity~~Item ~~Compensation~~13. ~~Plan~~Certain ~~Information~~Relationships and Related Transactions, and Director Independence.

Number of securities

remaining available for

Number of securities to

Weighted-average

future issuance under

be issued upon exercise

exercise price of

equity compensation plans

of outstanding options,

outstanding options,

(excluding securities

warrants and rights

reflected in column (a))

Plan category

(a)

(b)

(c)

Equity compensation plans approved by security holders

N/A

Equity compensation plans not approved by security holders

N/A

Total

N/A

The following chart shows advances and repayments made in the year ended December 31, 2018:

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

Name

Advances made
U.S.$

Repayment made
U.S.$

Balance
U.S.$

Gonet Associates Ltd. ⁽¹⁾

21,566

—

411,132

~~The~~(1) ~~following~~Gonet ~~chart~~is controlled ~~shows~~by ~~advances~~Man ~~and~~Keung ~~repayments~~Alan ~~made in the year ended December 31, 2017:~~Wai.

Name

Advances made

Repayment made

Balance

U.S.$

Gonet Associates Ltd. (1)

51,699

—

389,566

The Company’s Board of Directors consists of Man Keung Alan Wei, Man Ying Ken Wai and Xiaojiang Zhao. Mr. Zhao is the only director who is “independent” as such term is defined in the Corporate Governance Rules of the Nasdaq Stock Market.

~~(1)~~Item ~~Gonet Associates Ltd~~14. is ~~controlled~~Principal byAccountant ~~Man~~Fees ~~Keung Alan Wai~~and Services.

~~The~~Audit ~~Company’s Board of Directors consists of Man Keung Alan Wei, Man Ying Ken Wai and Xiaojiang Zhao~~Fees. ~~Mr. Zhao is the only director who is “independent” as such term is defined in the Corporate Governance Rules of the Nasdaq Stock Market.~~

~~Item~~The ~~14.~~aggregate ~~Principal~~fees ~~Accountant~~billed ~~Fees~~for the fiscal years ended December 31, 2018 and ~~Services~~2017 for professional services rendered by Moore Stephens CPA Limited (“Moore Stephens”) for the audit of the Company’s annual financial statements for the year ended December 31, 2018 and 2017 and the review of the financial statements included in our quarterly reports on Form 10-Q for the years ended December 31, 2018 and 2017 were U.S.$5,500 and U.S.$5,500, respectively.

Audit-Related Fees.

The ~~aggregate~~Company ~~fees~~did ~~billed~~not ~~for~~pay ~~the fiscal~~any ~~years~~audit-related ~~ended~~fees ~~December 31,~~to ~~2017 and 2016 for professional services rendered by~~ Moore Stephens ~~CPA Limited~~ ~~(“Moore Stephens”)~~ for the ~~audit~~fiscal ofyears ~~the Company’s annual financial statements for the year~~ ended December 31, ~~2017~~2018 and ~~2016~~ ~~and the review of the financial statements included in our quarterly reports on Form 10-Q for the years ended December 31,~~ 2017 ~~and 2016 were U~~.~~S.$5,500 and U.S.$5,500, respectively.~~

~~Audit-Related~~Tax Fees.

~~The~~Moore ~~Company~~Stephens did not ~~pay~~provide any ~~audit-related~~tax ~~fees~~ services to ~~Moore~~the Company ~~Stephens~~in ~~for~~either of the fiscal years ended December 31, ~~2017~~2018 and 2017. KWM CPA’s LLP billed the Company U.S.$10,000 for tax services rendered to the Company for the year ended December 31, ~~2016~~2017. No tax fees were paid in 2018.

~~Tax~~All Other Fees.

Moore Stephens did not provide any ~~tax~~other services to the Company in either of the fiscal years ended December 31, ~~2017~~2018 and ~~December 31, 2016. KWM CPA’s LLP billed the Company $10,000 for tax services rendered to the Company for the year ended December 31,~~ 2017.

~~All Other Fees.~~7

~~Moore~~PART ~~Stephens did not provide any other services~~IV ~~to the Company in either of the fiscal years ended December 31, 2017 and December 31, 2016.~~

10Item 15. Exhibits and Financial Statement Schedules

PART IV

		PAGE

Financial Statements of Chinawe.com Inc.:

Report of Independent Registered Public Accounting Firm		F-1

Statements of Comprehensive Loss for the Years ended December 31, 2018 and 2017		F-2

Balance Sheets as of December 31, 2018 and 2017		F-3

Statements of Changes in Stockholders’ Deficit for the Years ended December 31, 2018 and 2017		F-4

Statements of Cash Flows for the Years ended December 31, 2018 and 2017		F-5

Notes to Financial Statements		F-6

~~Item~~(b) ~~15. Exhibits and Financial Statement Schedules~~EXHIBITS

		PAGE
Exhibit No.			Description
Financial Statements of Chinawe.com Inc.:
3.	(i)		Articles of Incorporation (1)
Report of Independent Registered Public Accounting Firm		F-1
3.	(ii)		By-Laws (1)
Statements of Comprehensive Loss for the Years ended December 31, 2017 and 2016		F-2
14			Code of Ethics (2)
Balance Sheets as of December 31, 2017 and 2016		F-3
31.1			Rule 13a-14(a)/15d-14(a) Certification
Statements of Changes in Stockholders’ Deficit for the Years ended December 31, 2017 and 2016		F-4
31.2			Rule 13a-14(a)/15d-14(a) Certification
Statements of Cash Flows for the Years ended December 31, 2017 and 2016		F-5
32.1			Section 1350 Certification of Chief Executive Officer
Notes to Financial Statements		F-6
32.2			Section 1350 Certification of Chief Financial Officer

(b1) ~~EXHIBITS~~ Filed as an exhibit to our Company’s Form 10-SB, as filed with the SEC on May 19, 2000, and hereby incorporated by reference herein.

Exhibit No.		Description
3.	(i)	Articles of Incorporation (1)
3.	(ii)	By-Laws (1)
14		Code of Ethics (2)
31.1		Rule 13a-14(a)/15d-14(a) Certification
31.2		Rule 13a-14(a)/15d-14(a) Certification
32.1		Section 1350 Certification of Chief Executive Officer
32.2		Section 1350 Certification of Chief Financial Officer

(2)

Filed as an exhibit to our Company’s Annual Report on Form 10-KSB, as filed with the SEC on April 14, 2004, and hereby incorporated by reference herein.

1	Filed as an exhibit to our Company’s Form 10-SB, as filed with the SEC on May 19, 2000, and hereby incorporated by reference herein.
2	Filed as an exhibit to our Company’s Annual Report on Form 10-KSB, as filed with the SEC on April 14, 2004, and hereby incorporated by reference herein.

Item 16. Form 10-K Summary

~~Item~~Not 16applicable. ~~Form 10-K Summary~~

~~Not applicable.~~8

11SIGNATURES

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

~~Pursuant~~Date: toMarch ~~the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934~~29, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~2019

Date: March 29, 2018	CHINAWE.COM INC . (Registrant)
	By:	/s/ Man Keung Alan Wai
		Man Keung Alan Wai
		Chief Executive Officer

	CHINAWE.COM INC.
	(Registrant)

	By:	/s/ Man Keung Alan Wai
		Man Keung Alan Wai
		Chief Executive Officer

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

SIGNATURES	TITLE	DATE
/s/ Man Keung Alan Wai	Chairman of the Board, Chief Executive Officer,	March 29, ~~2018~~2019
Man Keung Alan Wai	Chief Financial Officer and Director (Principal Executive Officer and Principal Financial Officer)
/s/ Man Ying Ken Wai	Vice President of Marketing, Secretary and Director	March 29, ~~2018~~2019
Man Ying Ken Wai
/s/ Xiaojiang Zhao	Director	March 29, ~~2018~~2019
Xiaojiang Zhao

~~REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~9

ToREPORT ~~the~~OF ~~Stockholders~~INDEPENDENT ~~and~~REGISTERED ~~the~~PUBLIC ~~Board~~ACCOUNTING ~~of Directors of CHINAWE.COM INC.~~FIRM

(MOORE STEPHENS LOGO)

~~Opinion~~To onthe Stockholders and the ~~Financial~~Board ~~Statements~~of Directors of CHINAWE.COM INC.

WeOpinion ~~have~~on ~~audited~~ the ~~accompanying~~Financial balance sheets of Chinawe.com Inc. (the “Company”) as of December 31, 2016 and 2017, and the related statements of comprehensive loss, changes in stockholders’ deficit, and cash flows for each of the two years in the period ended December 31, 2017, 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, 2016 and 2017, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2017, in conformity with accounting principles generally accepted in the United States of America.Statements

~~Basis~~We have audited the accompanying balance sheets of Chinawe.com Inc. (the “Company”) as of December 31, 2018 and 2017, and the related statements of comprehensive loss, changes in stockholders’ deficit, and cash flows for ~~Opinion~~each of the two years in the period ended December 31, 2018, 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, 2018 and 2017, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2018, in conformity with accounting principles generally accepted in the United States of America.

~~These~~Basis ~~financial~~for 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 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.Opinion

WeThese ~~conducted~~financial ~~our~~statements ~~audits~~are ~~in accordance with~~ the ~~standards~~responsibility of the ~~PCAOB~~Company’s management. ~~Those~~Our ~~standards~~responsibility ~~require~~is ~~that we plan and perform the audit~~ to ~~obtain~~express ~~reasonable~~an ~~assurance~~opinion ~~about~~on ~~whether~~ the Company’s financial statements ~~are~~based ~~free~~on ofour ~~material misstatement, whether due to error or fraud~~audits. ~~The~~We ~~Company is not required to have,~~are ~~nor~~a ~~were~~public weaccounting ~~engaged~~firm toregistered ~~perform,~~with anthe ~~audit~~Public ofCompany ~~its~~Accounting ~~internal~~Oversight ~~control~~Board ~~over~~(United ~~financial~~States) ~~reporting.~~(PCAOB) Asand ~~part of our audits we~~ are required to ~~obtain~~be anindependent ~~understanding~~with ofrespect ~~internal~~to ~~control~~the ~~over~~Company ~~financial~~in ~~reporting~~accordance ~~but~~with ~~not~~the ~~for~~U.S. ~~the~~federal ~~purpose~~securities oflaws ~~expressing~~and anthe ~~opinion~~applicable onrules ~~the~~and ~~effectiveness~~regulations of the ~~Company’s~~Securities ~~internal~~and ~~control~~Exchange ~~over~~Commission ~~financial~~and ~~reporting.~~the ~~Accordingly, we express no such opinion~~PCAOB.

~~Our~~We conducted our audits ~~included~~in ~~performing~~accordance ~~procedures~~with tothe standards of ~~assess~~the PCAOB. Those standards require that we plan and perform the ~~risks~~audit ofto ~~material~~obtain ~~misstatement~~reasonable ofassurance about whether the financial statements are free of material misstatement, whether due to error or fraud,. ~~and~~The ~~performing~~Company ~~procedures that~~is ~~respond~~not required to ~~those~~have, ~~risks.~~nor ~~Such~~were ~~procedures~~we ~~included~~engaged to ~~examining~~perform, onan aaudit ~~test~~of ~~basis,~~its ~~evidence~~internal ~~regarding~~control ~~the~~over ~~amounts~~financial ~~and~~reporting. ~~disclosures in~~As ~~the~~part ~~financial~~of ~~statements.~~our ~~Our~~ audits ~~also~~we ~~included~~are ~~evaluating~~required ~~the~~to ~~accounting~~obtain ~~principles~~an ~~used~~understanding of ~~and~~internal ~~significant~~control ~~estimates~~over ~~made by~~financial ~~management,~~reporting asbut ~~well~~not asfor ~~evaluating~~ the ~~overall~~purpose ~~presentation~~ of expressing an opinion on the ~~financial~~effectiveness ~~statements.~~of Wethe ~~believe~~Company’s internal ~~that~~control ~~our~~over ~~audits~~financial ~~provide~~reporting. ~~a reasonable~~Accordingly, ~~basis~~we ~~for~~express ~~our~~no such opinion.

~~/s/~~Our ~~Moore~~audits ~~Stephens~~included ~~CPA~~performing ~~Limited~~procedures ~~Certified~~to ~~Public~~assess ~~Accountants~~the Werisks of ~~have~~material ~~served~~misstatement asof the ~~Company's~~financial ~~auditor~~statements, ~~since~~whether ~~2016~~due to error or fraud, and performing procedures that respond to those risks. ~~Hong~~Such ~~Kong~~procedures ~~March~~included 29examining, ~~2018~~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.

~~F-1~~/s/ Moore Stephens CPA Limited Certified Public Accountants

~~CHINAWE.COM~~We ~~INC~~have served as the Company’s auditor since 2016.

~~STATEMENTS~~Hong OFKong March ~~COMPREHENSIVE~~29, ~~LOSS~~2019

	Year ended December 31,
	2017			2016
	U.S.$			U.S.$
Administrative and general expenses		(67,086	)		(25,636	)
LOSS BEFORE INCOME TAXES		(67,086	)		(25,636	)
Income tax expense		—			—
NET LOSS		(67,086	)		(25,636	)
OTHER COMPREHENSIVE INCOME
Foreign currency translation		—			—
TOTAL COMPREHENSIVE LOSS		(67,086	)		(25,636	)
Basic and diluted loss per share of common stock		0.00			0.00
Weighted average number of shares of common stock outstanding		43,800,000			43,800,000

F-1

~~See~~CHINAWE.COM ~~accompanying~~INC. STATEMENTS ~~notes~~OF toCOMPREHENSIVE ~~financial statements.~~LOSS

F-2

	Year ended December 31,
	2018			2017
	U.S.$			U.S.$

Administrative and general expenses		(36,926	)		(67,086	)

LOSS BEFORE INCOME TAXES		(36,926	)		(67,086	)

Income tax expense		—			—

NET LOSS		(36,926	)		(67,086	)

OTHER COMPREHENSIVE INCOME
Foreign currency translation		—			—

TOTAL COMPREHENSIVE LOSS		(36,926	)		(67,085	)

Basic and diluted loss per share of common stock		0.00			0.00

Weighted average number of shares of common stock outstanding		43,800,000			43,800,000

~~CHINAWE.COM~~See ~~INC~~accompanying notes to financial statements.

~~BALANCE SHEETS~~F-2

			As of			As of
			December 31,			December 31,
	Note		2017			2016
			U.S.$			U.S.$
ASSETS
Total current assets				—			—
TOTAL ASSETS				—			—
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accrued expenses and other current liabilities				20,631			5,244
Due to related parties		3		389,566			337,867
Total current liabilities				410,197			343,111
Stockholders’ deficit:
Preferred stock, par value U.S.$0.001 per share, authorized 20,000,000 shares; none issued
Common stock, par value U.S.$0.001 per share, authorized 100,000,000 shares; issued and outstanding 43,800,000 shares				43,800			43,800
Additional paid-in capital				191,825			191,825
Accumulated losses				(645,822	)		(578,736	)
Accumulated other comprehensive loss				—			—
Total stockholders’ deficit				(410,197	)		(343,111	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT				—			—

CHINAWE.COM INC.
BALANCE SHEETS

See accompanying notes to financial statements.

			As of			As of
			December 31,			December 31,
	Note		2018			2017
			U.S.$			U.S.$
ASSETS
Total current assets			—			—

TOTAL ASSETS			—			—

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accrued expenses and other current liabilities				35,991			20,631
Due to principal stockholder		3		411,132			389,566
Total current liabilities				447,123			410,197

Stockholders’ deficit:
Preferred stock, par value U.S.$0.001 per share, authorized 20,000,000 shares; none issued
Common stock, par value U.S.$0.001 per share, authorized 100,000,000 shares; issued and outstanding 43,800,000 shares				43,800			43,800
Additional paid-in capital				191,825			191,825
Accumulated losses				(682,748	)		(645,822	)
Accumulated other comprehensive loss				—			—
Total stockholders’ deficit				(447,123	)		(410,197	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT				—			—

~~F-3~~See accompanying notes to financial statements.

~~CHINAWE.COM INC.~~F-3

CHINAWE.COM INC. STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

	Number of shares		Amount		Additional paid-in capital		Accumulated losses			Total Stockholders’ Deficit
			~~U.S.$~~	U.S.$	~~U.S.$~~	U.S.$	~~U.S.$~~	U.S.$		~~U.S.$~~	U.S.$
Balance as of January 1, 2016		43,800,000		43,800		191,825		(553,100	)		(317,475	)
Balance as of January 1, 2017		43,800,000		43,800		191,825		(578,736	)		(343,111	)
Net loss for the year		—		—		—		(25,636	)		(25,636	)
Balance as of December 31, 2016		43,800,000		43,800		191,825		(578,736	)		(343,111	)
Net loss for the year		—		—		—		(67,086	)		(67,086	)
Balance as of December 31, 2017		43,800,000		43,800		191,825		(645,822	)		(410,197	)
Net loss for the year		—		—		—		(36,926	)		(36,926	)
Balance as of December 31, 2018		43,800,000		43,800		191,825		(682,748	)		(447,123	)

See accompanying notes to financial statements.

F-4

CHINAWE.COM INC. STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS

	Year ended December 31,
	2018			2017
	U.S.$			U.S.$
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		(36,926	)		(67,086	)
Adjustments to reconcile net loss to net cash used in operating activities:
Accrued expenses and other current liabilities		15,360			15,387
NET CASH USED IN OPERATING ACTIVITIES		(21,566	)		(51,699	)

CASH FLOWS FROM FINANCING ACTIVITIES
Advance from principal stockholder		21,566			51,699
NET CASH PROVIDED BY FINANCING ACTIVITIES		21,566			51,699

NET CHANGE IN CASH AND CASH EQUIVALENTS		—			—
Cash and cash equivalents, beginning of period		—			—
Effect of exchange rate changes		—			—

CASH AND CASH EQUIVALENTS, END OF PERIOD		—			—

SUPPLEMENTAL DISCLOSURE
Interest paid		—			—
Income taxes paid		—			—

	Year ended December 31,
	2017			2016
	U.S.$			U.S.$
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		(67,086	)		(25,636	)
Adjustments to reconcile net loss to net cash used in operating activities:
Accrued expenses and other current liabilities		15,387			1,444
NET CASH USED IN OPERATING ACTIVITIES		(51,699	)		(24,192	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advance from related parties		51,699			24,192
NET CASH PROVIDED BY FINANCING ACTIVITIES		51,699			24,192
NET CHANGE IN CASH AND CASH EQUIVALENTS		—			—
Cash and cash equivalents, beginning of period		—			—
Effect of exchange rate changes		—			—
CASH AND CASH EQUIVALENTS, END OF PERIOD		—			—
SUPPLEMENTAL DISCLOSURE
Interest paid		—			—
Income taxes paid		—			—

See accompanying notes to financial statements.

~~See accompanying notes to financial statements.~~F-5

~~F-5~~CHINAWE.COM INC. NOTES TO FINANCIAL STATEMENTS

~~CHINAWE~~1.~~COM~~ ~~INC.~~DESCRIPTION OF BUSINESS AND ORGANIZATION STRUCTURE

~~NOTES~~Chinawe.com TOInc. ~~FINANCIAL~~(“Chinawe” ~~STATEMENTS~~or the “Company”) was incorporated under the laws of the State of California. Chinawe’s principal business activity was providing professional management services relating to non-performing loans in the People’s Republic of China, as well as other consulting services. During the first quarter of 2009, the Company’s sole customer, Huizhou One Limited, issued a notice of termination to terminate the services contracts with effect from March 26 and March 27, 2009. Effective from March 27, 2009, the Company became a non-operating company.

12. ~~DESCRIPTION~~SUMMARY OF ~~BUSINESS~~SIGNIFICANT ~~AND~~ACCOUNTING ~~ORGANIZATION STRUCTURE~~POLICIES

~~Chinawe.com Inc.~~ (~~“Chinawe”~~a) ~~was incorporated under the laws of the State of California. Chinawe’s principal~~ Basis ~~business activity was providing professional management services relating to non-performing loans (“NPLs”) in the People’s Republic~~ of China (“PRC”), as well as other consulting services. During the first quarter of 2009, the Company’s sole customer, Huizhou One Limited, issued a notice of termination to terminate the services contracts with effect from March 26 and March 27, 2009. Effective from March 27, 2009, the Company became a non-operating company.accounting

2The financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”). ~~SUMMARY~~The OFfunctional and ~~SIGNIFICANT~~reporting ~~ACCOUNTING~~currency ~~POLICIES~~of the Company is the U.S. dollar (“U.S.$”).

(ab) ~~Basis~~ Going concern ~~of accounting~~consideration

The Company’s financial statements have been prepared inon ~~accordance~~a ~~with~~going ~~generally~~concern ~~accepted~~basis, ~~accounting~~which ~~principles~~contemplates ~~(“GAAP”)~~the inrealization ~~the~~of ~~United~~assets ~~States~~and the settlement of ~~America~~liabilities ~~(“U.S.”).~~and commitments in the ~~The~~normal ~~functional~~course ~~and~~of ~~reporting~~business. ~~currency~~As of December 31, 2018, the Company ishad negative working capital and stockholders’ deficit of U.S.$447,123 ~~dollars~~and (“U.S.$”)447,123, respectively, which raise substantial doubt about its ability to continue as a going concern.

~~(b) Going~~The Company has relied on private financing by cash inflows from the principal stockholder of the Company, who has agreed not to demand repayment of amounts due to it as long as the Company has negative working capital. The principal stockholder has indicated its intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, ~~consideration~~assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from the principal stockholder will be continued. The accompanying financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.

The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As of DecemberF-6 31, 2017, the Company had negative working capital and stockholders’ deficit of U.S.$410,197 and U.S.$410,197, respectively, which raise substantial doubt about its ability to continue as a going concern.

The Company has relied on private financing by cash inflows from the principal stockholder of the Company, who has agreed not to demand repayment of amounts due to it as long as the Company has negative working capitalCHINAWE.COM The principal stockholder has indicated its intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuationINC. ~~However, it is uncertain for how long or to what extent~~ ~~such~~NOTES aTO ~~period~~FINANCIAL of time would be “reasonable” and there can be no assurance that the financing from the principal stockholder will be continued. The accompanying financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties. STATEMENTS

~~F-6~~2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

~~CHINAWE.COM~~(c) Cash and ~~INC.~~cash equivalents

~~NOTES~~The TOCompany ~~FINANCIAL~~considers ~~STATEMENTS~~all highly liquid investments purchased with an original maturity of three months or less that are readily convertible into a known amount of cash to be cash equivalents.

~~2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~ (~~Continued~~d) Revenue recognition

~~(c) Cash~~The ~~and~~Company ~~cash~~has ~~equivalents~~no business currently.

~~The Company considers all highly liquid investments~~(e) Income ~~purchased with an original maturity of three months or less that are readily convertible into a known amount of cash to be cash equivalents.~~taxes

~~(d) Revenue~~Provision ~~recognition~~for income and other taxes has been made in accordance with the tax rates and laws of the countries in which the Company operates.

~~The~~Deferred ~~Company~~tax ~~has~~assets noand ~~business~~liabilities ~~currently~~are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

~~(e) Income~~Financial Accounting Standards Board Accounting Standards Codification 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements, and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides accounting guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Interest and penalties from tax assessments, if any, are included in income taxes in the statement of comprehensive loss.

~~Provision for income and other taxes has been~~(f) Earnings ~~made~~(loss) inper ~~accordance~~common ~~with the tax rates and laws of the countries in which the Company operates.~~share

~~Deferred~~Basic ~~tax~~earnings ~~assets~~(loss) ~~and~~per ~~liabilities~~share amounts are ~~recognized for~~based on the ~~future~~weighted average ~~tax~~shares ~~consequences~~of ~~attributable~~common tostock ~~differences~~outstanding. ~~between~~Diluted earnings (loss) per share assumes the ~~financial~~conversion, ~~statements~~exercise ~~carrying~~or ~~amounts~~issuance of ~~existing assets~~all ~~and~~potential ~~liabilities~~common ~~and~~stock ~~their~~instruments ~~respective~~such ~~tax~~as ~~bases.~~options, ~~Deferred~~warrants ~~tax~~and ~~assets~~convertible ~~and~~securities, ~~liabilities~~unless ~~are~~the ~~measured~~effect ~~using~~is ~~enacted~~to ~~tax~~reduce ~~rates~~a ~~expected~~loss toor ~~apply~~increase toearnings ~~taxable~~per ~~income~~share. inThe ~~the~~Company ~~years~~had inno potential common stock instruments which ~~those~~would ~~temporary~~result ~~differences~~in ~~are~~diluted ~~expected~~earnings to(loss) per beshare ~~recovered~~in 2018 or ~~settled~~2017.

Financial Accounting Standards Board Accounting Standards Codification 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements, and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides accounting guidance on deF-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Interest and penalties from tax assessments, if any, are included in income taxes in the statement of comprehensive loss.7

~~(f) Earnings~~CHINAWE.COM ~~(loss) per~~INC. NOTES ~~common~~TO ~~share~~FINANCIAL STATEMENTS

~~Basic earnings (loss) per share amounts are based on the weighted average shares of common stock outstanding~~2. ~~Diluted~~SUMMARY ~~earnings~~OF ~~(loss) per~~SIGNIFICANT ~~share~~ACCOUNTING ~~assume~~POLICIES the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. The Company had no potential common stock instruments which would result in diluted earnings (~~loss~~Continued) ~~per share in 2017 or 2016.~~

~~F-7~~(g) Foreign currency translation

~~CHINAWE~~The Company’s functional currency is the U.~~COM~~S.$, ~~INC~~which is the currency of the primary economic environment in which the Company operates. The financial statements are presented in U.S.$.

~~NOTES~~All TOtransactions ~~CONSOLIDATED~~in ~~FINANCIAL~~currencies ~~STATEMENTS~~other than functional currency during the year are translated at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currency are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the statement of comprehensive loss.

~~2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~ (~~Continued~~h) Use of estimates

~~(g) Foreign~~The ~~currency~~preparation ~~translation~~of 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 the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~The Company’s functional currency is~~(i) Fair ~~the~~value ~~U.S.$, which is the currency~~ of ~~the primary economic environment in which the Company operates. The~~ financial ~~statements are presented in U.S.$.~~instruments

~~All~~The ~~transactions~~estimated infair ~~currencies~~values ~~other~~for ~~than~~financial ~~functional currency~~instruments ~~during the year~~ are determined ~~translated~~ at ~~the~~discrete ~~exchange~~points ~~rates~~in ~~prevailing~~time based on ~~the~~relevant ~~respective~~market ~~transaction dates~~information. ~~Monetary~~These ~~assets~~estimates ~~and liabilities~~involve ~~existing~~uncertainties atand ~~the~~cannot be ~~balance~~determined ~~sheet~~with ~~date~~precision. ~~denominated~~The inestimated ~~currencies~~fair ~~other~~values ~~than~~of ~~functional~~the ~~currency~~Company’s ~~are~~financial ~~remeasured~~instruments, atwhich ~~the~~include ~~exchange~~advances ~~rates~~from ~~existing~~the onCompany’s ~~that~~principal ~~date.~~stockholder, ~~Exchange~~approximate ~~differences~~their ~~are~~carrying ~~recorded~~value in the ~~consolidated~~financial ~~statement of comprehensive loss~~statements.

~~(h) Use~~3. ofRELATED ~~estimates~~PARTY BALANCES AND TRANSACTIONS

The ~~preparation~~balances ~~of financial statements in conformity~~ with ~~U.S.~~related ~~GAAP~~parties ~~requires~~are ~~management~~as to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.follows:

(i) Fair value of financial instruments

	As of December 31, 2018		As of December 31, 2017
		U.S.$		U.S.$
Advances from principal stockholder		411,132		389,566

The ~~estimated~~amounts ~~fair~~due ~~values for financial instruments~~ are ~~determined~~unsecured, atinterest ~~discrete~~free ~~points~~and inrepayable ~~time based~~ on ~~relevant market information. These estimates involve uncertainties and cannot~~ ~~be determined with precision~~demand. ~~The estimated fair values of the Company’s financial instruments, which include related party balances, approximate their carrying value in the financial statements.~~

~~3. RELATED PARTY BALANCES AND TRANSACTIONS~~F-8

~~The~~ CHINAWE.COM ~~balances~~INC. NOTES ~~with~~TO ~~related~~FINANCIAL ~~parties are as follows:~~STATEMENTS

	As of		As of
	December 31, 2017		December 31, 2016
	U.S.		U.S.
Advances from principal stockholder	$	389,566	$	337,867

CONTINGENCIES

~~The~~There ~~amounts~~is ~~due~~a ~~are~~contingent ~~unsecured~~liability of approximately U.S.$330,000 in ~~interest~~respect ~~free~~of penalties for late filing of Internal Revenue Service (“IRS”) Forms 5471 and ~~repayable~~5472. onAs ~~demand~~of December 31, 2018 and the date of this Form 10-K, the Company has not received any correspondence from the IRS in respect of such penalties.

~~F-8~~The recently filed income tax returns for all the lapsed years are subject to examination by the IRS and State tax authorities, generally for three years after they are filed.

~~CHINAWE~~5.~~COM~~ ~~INC.~~INCOME TAXES

~~NOTES~~At TODecember ~~FINANCIAL~~31, ~~STATEMENTS~~2018 and 2017, the Company had an unused net operating loss carryforward of approximately U.S.$409,422 and U.S.$372,496, respectively, for income tax purposes, which expires between 2026 to indefinitely and between 2026 to 2037, respectively. At December 31, 2018 and 2017, these net operating losses carryforward may result in future income tax benefits of U.S.$114,638 and U.S.$104,299, respectively, however, because realization is uncertain at this time, a valuation allowance in the same amount has been established. Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

4.Significant ~~CONTINGENCIES~~components of the Company’s deferred tax assets of December 31, 2018 and 2017 are as follows:

The Company is in the process of pursuing reinstatement in California. It filed all past due income tax returns, U.S. Federal tax returns and information forms. Franchise taxes, including penalties and interest, of US$25,000 were paid during the year. There is a contingent liability of approximately $330,000 in respect of penalties for late filing of Internal Revenue Service (“IRS”) Forms 5471 and 5472. As of December 31, 2017 and the date of the financial statements, the Company has not received any correspondence from the IRS in respect of such penalties.

	As of December 31, 2018			As of December 31, 2017
		U.S.$			U.S.$
Deferred tax asset-
Net operating loss carryforward		114,638			104,299
Valuation allowance		(114,638	)		(104,299	)
		—			—

~~The~~Movement ~~recently~~of ~~filed~~valuation ~~income tax returns for all the lapsed years are subject to examination by the IRS and State tax authorities, generally for three years after they are filed.~~ allowance:

5. SUBSEQUENT EVENTS

	As of December 31, 2018		As of December 31, 2017
		U.S.$		U.S.$

At the beginning of the year		104,299		85,515
Current year addition		10,339		18,784
At the end of the year		114,638		104,299

~~The~~A ~~Company~~reconciliation ~~was~~of ~~reinstated~~the inincome ~~California~~tax onexpense orto ~~about~~the ~~March~~amount ~~27,~~computed ~~2018.~~by applying the current statutory tax rate to the loss before income taxes in the statements of comprehensive loss is as follows:

F-9


	As of December 31, 2018			As of December 31, 2017
		U.S.$			U.S.$

U.S. statutory income tax rate		21	%		35	%
State income tax rate		8.8			8.8
Valuation reduction		(1.8	)		(2.8	)
Enacted tax reform on future tax rates		—			(13	)
Change in valuation allowance of deferred tax asset		(28	)		(28	)
Net deferred tax asset		—			—

~~EXHIBIT INDEX~~F-9

Exhibit No.		Description
31.1		Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
31.2		Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
32.1		Section 1350 Certification of Chief Executive Officer
32.2		Section 1350 Certification of Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description

31.1		Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

31.2		Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

32.1		Section 1350 Certification of Chief Executive Officer

32.2		Section 1350 Certification of Chief Financial Officer

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