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

Washington, D. C. 20549

FORM 10-K

~~[X]~~x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(dD) OF THE SECURITIES EXCHANGE ACT OF 1934

For ~~the~~ fiscal year ended ~~September~~ 30December 31, ~~2015~~2016

orOR

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

~~For~~FOR ~~the~~THE ~~transition~~TRANSITION ~~period~~PERIOD ~~from~~FROM ~~[ ]~~____________ toTO ~~[ ]~~____________

~~Commission~~Axiom ~~file~~Holdings, ~~number:~~Inc. ~~333-195950~~(Name of Registrant in its Charter)

AXIOM HOLDINGS, INC. (Exact name of registrant as specified in its charter)

Nevada

333-195950

47-3389613

(State or Jurisdiction of

Incorporation or Organization)

(Commission
File Number)

(I.R.S. Employer

Identification No.)

Nevada		46-3389613
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
11637 Orpington St., Orlando, FL		32817
(Address of principal executive offices)		(Zip Code)

Room C, 15/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong

~~Registrant's~~(Address ~~telephone~~of ~~number,~~Principal ~~including~~Executive ~~area code: (407~~Offices) ~~412-6432~~

~~(Former~~Registrant’s ~~name~~telephone ~~or former address~~number, ifincluding ~~changed~~area ~~since~~code: ~~last~~852 ~~report)~~3798 3736

~~Securities~~Not ~~registered pursuant to Section 12(b) of the Act:~~applicable.

~~Title~~(Former ofName, ~~Each~~former ~~Class~~address ~~Name~~and offormer ~~Each~~fiscal ~~Exchange~~year, Onif ~~Which~~changed ~~Registered~~since ~~N/A~~last ~~N/A~~report)

Securities registered pursuant to Section 12(gb) of the Act: None.

~~Indicate~~Securities byregistered ~~check~~pursuant ~~mark~~to ifSection ~~the~~12(g) ~~registrant~~of isthe aAct: ~~well-known~~Common ~~seasoned issuer~~Stock, ~~as defined in Rule 405 of the Securities Act~~$0. 001 ~~Yes~~par ~~[ ] No [X]~~value

Indicate by check mark if the registrant is ~~not~~a ~~required~~well-known toseasoned ~~file~~issuer, ~~reports~~as ~~pursuant~~defined toin ~~Section~~Rule 13405 ~~or Section 15(d)~~ of the Securities Act. Yes ~~[ ]~~ o No ~~[X]~~x

Indicate by check mark ~~whether~~if the registrant: ~~(1)~~is ~~has~~not ~~filed all reports~~ required to befile ~~filed~~reports bypursuant to Section 13 or Section 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 last 90 days~~. Yes ~~[X]~~ o No ~~[ ]~~x

Indicate by check mark whether the registrant (1) has ~~submitted~~filed ~~electronically~~all ~~and~~reports ~~posted on its corporate Website, if any, every Interactive Data File~~ required to be ~~submitted~~filed ~~and~~by ~~posted~~Section ~~pursuant~~13 toor ~~Rule~~15(d) ~~405~~ of ~~Regulation~~the ~~S-T~~Securities ~~(§232.405~~Exchange Act of ~~this~~1934 ~~chapter)~~ during the preceding 12 months (or for such shorter period that the ~~registration~~registrant ~~statement~~ was required to ~~submit~~file such reports), and ~~post~~(2) has been subject to such ~~files)~~filing requirements for the past 90 days. Yes ~~[X]~~ x No ~~[ ]~~o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if ~~disclosure~~any, ofevery ~~delinquent~~Interactive ~~filers~~Data File required to be submitted and posted pursuant to ~~Item~~Rule 405 of Regulation S-KT (§~~229~~232.405 of this chapter) isduring ~~not contained herein, and will not be contained, to~~ the ~~best~~preceding of12 ~~registrant's~~months ~~knowledge, in definitive proxy~~ (or ~~information~~for ~~statements~~such ~~incorporated~~shorter byperiod ~~reference~~that inthe ~~Part~~registrant ~~III~~was ofrequired ~~this~~to ~~Form~~submit ~~10-K~~and orpost ~~any~~such ~~amendment~~files). toYes ~~this~~x ~~Form~~No ~~10-K. [ ]~~o

Indicate by check mark ~~whether~~if ~~the~~disclosure ~~registrant~~of isdelinquent afilers ~~large~~pursuant ~~accelerated~~to ~~filer,~~Item an405 ~~accelerated~~of ~~filer,~~Regulation ~~a non~~S-~~accelerated~~K ~~filer~~(§229.405) is not contained herein, orand awill ~~smaller~~not ~~reporting~~be ~~company.~~contained, ~~See~~to ~~definition~~the best of ~~"large~~registrant’s ~~accelerated filer~~knowledge," ~~"accelerated~~in ~~filer"~~definitive ~~and~~proxy ~~"smaller~~or ~~reporting~~information ~~company"~~statements incorporated by reference in ~~Rule~~Part ~~12b-2~~III of ~~the~~this ~~Exchange~~Form ~~Act~~10-K or any amendment to this Form 10-K. x

~~Large~~Indicate by check mark whether the registrant is a large accelerated filer, [an ]accelerated ~~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 o Accelerated filer x Non-accelerated filer [o ] (Do not check if a smaller reporting company) Smaller reporting company ~~[X]~~o

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

~~Yes~~At ~~[X] No~~June ~~[ ]~~30, 2016, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $203,000,000 based on the closing sale price of the registrant’s common stock on June 30, 2016 of $1.45 per share.

~~The~~As ~~aggregate market value~~ of ~~Common~~March ~~Stock held by non-affiliates of the Registrant~~28, ~~as of March 31~~2017, ~~2015~~340,000,000 ~~the~~shares ~~last business day~~ of the ~~Registrant~~registrant’s ~~most~~common ~~recently~~stock, ~~completed~~par ~~second~~value ~~fiscal quarter was~~ $~~154~~0.001,~~000,000~~ ~~based~~were ~~on the closing market price of $1~~outstanding.~~10.~~

Indicate the number of shares outstanding of each of the registrant's classes of common stock as of the latest practicable date.

340,000,000 shares of common stock were issued and outstanding as of January 9, 2016

DOCUMENTS INCORPORATED BY REFERENCE

None.

~~TABLE~~Axiom OFHoldings, ~~CONTENTS~~ Inc.

		Page
	PART I
Item 1.	Business.	3
Item 1A.	Risk Factors.	6
Item 1B.	Unresolved Staff Comments.	6
Item 2.	Properties.	6
Item 3.	Legal Proceedings.	6
Item 4.	Mine Safety Disclosures.	6
	PART II
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.	6
Item 6.	Selected Financial Data.	7
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	7
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk.	11
Item 8.	Financial Statements and Supplementary Data.	12
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.	24
Item 9A.	Controls and Procedures.	24
Item 9B.	Other Information.	24
	PART III
Item 10.	Directors, Executive Officers and Corporate Governance.	25
Item 11.	Executive Compensation.	28
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	30
Item 13.	Certain Relationships and Related Transactions, and Director Independence.	31
Item 14.	Principal Accounting Fees and Services.	31
	PART IV
Item 15.	Exhibits.	32
	Signatures.	34

Form 10-K

December 31, 2016

Table of Contents

Part I

		Page

Part I
Item 1.	Business	4
Item 1A.	Risk Factors	20
Item 1B.	Unresolved Staff Comments	36
Item 2.	Properties	36
Item 3.	Legal Proceedings	37
Item 4.	Mine Safety Disclosures	37

Part II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	38
Item 6.	Selected Financial Data	39
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	40
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	47
Item 8.	Financial Statements and Supplementary Data	47
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	47
Item 9A.	Controls and Procedures	48
Item 9B.	Other Information	49

Part III
Item 10.	Directors, Executive Officers and Corporate Governance	50
Item 11.	Executive Compensation	52
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	53
Item 13.	Certain Relationships and Related Transactions, and Director Independence	54
Item 14.	Principal Accountant Fees and Services	55

Part IV
Item 15.	Exhibits and Financial Statement Schedules	56
Signatures		57

~~Cautionary~~2 ~~Note~~Table ~~Regarding~~of ~~Forward-Looking Statements~~Contents

~~This~~INDEX ~~annual~~OF ~~report~~CERTAIN ~~contains~~DEFINED ~~forward-looking~~TERMS ~~statements.~~USED ~~These~~IN ~~statements~~THIS relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.REPORT

~~Although~~When weused ~~believe that the expectations reflected~~ in ~~the~~this ~~forward-looking~~report ~~statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including~~ the ~~securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.~~terms:

~~All~~· ~~references~~"Axiom inHoldings”, ~~this~~"we”, ~~annual~~"us” ~~report~~or on“our” ~~Form~~refers ~~10-K~~ to ~~the~~Axiom ~~"Company~~Holdings," ~~"Axiom~~Inc., ~~Holdings~~a Florida corporation," and our subsidiaries; · “~~Axiom,~~Horizon” ~~"we~~refers to Horizon Resources Co. Ltd.," ~~"us"~~a orCayman ~~"our"~~Islands ~~are~~corporation toand wholly owned subsidiary of Axiom ~~Holding~~Holdings: · “CJC” refers to CJC(Hong Kong), ~~Inc~~Ltd. (“CJC”), a Hong Kong corporation and ~~our~~wholly owned subsidiary of Axiom Holdings; · “JBX” refers to JinBaiXing (Shenzhen) Clean Energy Technology Service Company Limited, a wholly-owned ~~subsidiaries~~foreign ~~Quality~~entity ~~Resort~~of ~~Hotels~~CJC and organized under the laws of the PRC; · “JTH” refers to JinTaiHong (Shenzhen) Hotel Management Service Company Limited, ~~Inc.~~a wholly-owned foreign entity of CJC and ~~Horizon~~organized ~~Resources~~under Cothe laws of the PRC; · “PRC” refers to the People’s Republic of China. ~~Ltd~~· “CNY” refers to the functional currency in the PRC.

~~Item~~Power ~~1. Business.~~Production Segment

~~Business~~· “Jitai Power Investment”, refers to Xiaojin County Jitai Power Investment Company Limited, a company organized under the laws of the PRC and a wholly-owned subsidiary of JBX; · “Chang Trading”, refers to Taiyuan Changxin YiWei Trading Co., Ltd., a company organized under the laws of the“Xin Hong Power Development”, refers to Xiaojin County Xin Hong Electric Power Development Company Limited, a company organized under the laws of the PRC and a wholly-owned subsidiary of JBX; and · “Xing Tie Electric”, refers to Sichuan Xing Tie Electric Power Company Limited, a company organized under the laws of the PRC and a wholly-owned subsidiary of JBX

~~Axiom~~Hospitality Holdings, Inc. was incorporated in the State of Nevada on August 7, 2013. Our fiscal year end is September 30. The company's administrative address is, 11637 Orpington St, Orlando, FL 32817. The telephone number is (407) 412-6432.Segment

~~Axiom~~· ~~had~~“EnZe ~~revenues~~Hotel ~~of $22~~Management”,~~310~~ ~~and~~refers ~~had~~to aXiao ~~net~~Jin ~~loss~~County ofEnZe ~~$61~~Hotel Management Company Limited,~~748~~ ~~for~~a ~~the~~company ~~year~~organized ~~ended~~under ~~September~~the ~~30,~~laws ~~2015,~~of the PRC and ~~had~~a ~~$1,317~~wholly-owned subsidiary of ~~cash~~JTH; onand ~~hand~~· at“SiGuNiang ~~September~~Mountain 30Hotel Management”, ~~2015. In~~refers ~~addition~~ to ~~minimal~~Xiao ~~revenues,~~Jin weCounty ~~have~~SiGuNiang ~~relied~~Mountain ~~upon~~Hotel ~~the~~Management ~~sale~~Company ofLimited, ~~our~~a ~~securities~~company toorganized ~~investors~~under ~~and~~the ~~corporate~~laws ~~officers~~of the PRC and ~~directors~~a ~~for~~wholly-owned ~~funding~~subsidiary of JTH.

On3 ~~August~~Table ~~17, 2015, a change in control~~ of the Company occurred. On that date, Michael Hay and Jake Martin, our officers and directors, sold their shares in a private transaction to three persons who are now officers, directors, employees or consultants of the Company. The shares sold represented an aggregate of 200,000,000 shares of the Company's Common Stock. On August 17, 2015, Chua Seong Seng was appointed as the President, Chief Executive Officer and a director, LimWei Lin was appointed as Secretary and a director, and Low Tuan Lee was appointed as Chief Financial Officer, Treasurer and a director of the Company. Contents

OnPART September 16, 2015, the Company filed a Certificate of Amendment changing the Company’s name to Axiom Holdings, Inc. and increasing the authorized shares of common stock to 3,000,000,000 shares of common stock, with par value of $0.001 per share, and 50,000,000 shares of preferred stock with a par value of $0.001 per share. The amendment was approved by shareholders holding 58.5% of the issued and outstanding stock.I

OnItem ~~October~~ 1~~, 2015, the Board of Directors approved a change in the Company’s fiscal year end from September 30, to December 31~~. ~~The~~ Company will file its annual report on Form 10-K for the year ended September 30, 2015. The transition Company will file the transition report for the period from October 1, 2015 through December 31, 2015 on Form 10Q. Business

~~Axiom~~Acquisition ~~has~~of ~~never~~CJC(Hong ~~declared bankruptcy~~Kong), ~~been in receivership, or involved in any legal proceeding~~Ltd.

3On December 21, 2016, our wholly owned subsidiary Horizon completed the acquisition of 100% of the issued and outstanding shares of CJC and its subsidiaries in exchange for an aggregate of 200,00,000 shares of our common stock following the cancellation of 200,000,000 shares of our common stock. Upon completion of the closing, CJC became a wholly owned subsidiary of our company and the former shareholders of CJC as a group hold approximately 58.8% of our Common Stock. See Item 1. Business - Acquisition of CJC and its subsidiaries.

~~Table~~Following the completion of ~~Contents~~the acquisition of CJC, our business and operations are now those of CJC and its subsidiaries as discussed below. Prior to acquisition of CJC, we were a shell company. Following is information on the business and operations of CJC and its subsidiaries that operates within the Power Production Segment and the Hospitality Segment.

~~Principal~~Power ~~Products,~~Production ~~Services and Their Markets~~Segment

~~Axiom~~Overview. ~~Holdings,~~We ~~Inc.~~are engaged in operating, developing and ~~its~~seek ~~wholly-owned~~to ~~Florida~~acquire ~~based~~electric ~~subsidiary~~generating ~~Quality~~facilities ~~Resort~~in ~~Hotels, Inc~~China., ~~has~~We ~~been~~currently ~~marketing~~operate ~~discount~~two ~~vacation~~hydro-electric ~~packages~~generating toplants ~~sought-after~~each ~~resort~~of ~~destinations~~which ~~throughout~~have ~~North~~average ~~America~~annual output capacity of 112. ~~The~~5548 ~~vacation~~million ~~packages~~kWh. ~~target~~In ~~families~~addition, ~~and/or~~two ~~couples~~hydro-electric ~~over~~generating ~~the~~plants ~~age~~are ofunder 28construction ~~that~~as ~~have~~discussed anbelow. ~~annual~~In ~~household~~addition, ~~income~~we inare ~~excess~~seeking ofto ~~$100,000~~acquire other electric generating plants in China.

~~Patents~~Jitai Power Investment. Jitai Power Investment operates a hydropower electric generation station located in Xiaojin, ~~Trademarks~~Sichuan, ~~Licenses~~China, ~~Agreements~~which orcommenced ~~Contracts~~operations in September 2009. The station has an annual average output of 125.664 million kilowatt hours (“kWh”).

~~Other~~Xin ~~than~~Hong ~~trade-marking~~Power Development. Xin Hong Power Development operates, or is completing, the ~~respective~~Jiesigou ~~logos~~I, II and ~~branding~~III hydropower stations located in Xiaojin, ~~there~~Sichuan, ~~are~~China. noThe ~~other~~Jiesigou ~~aspects~~II ofhydropower ~~the~~station ~~business~~began ~~that~~operations ~~require~~in aSeptember, ~~patent~~2016 orwith ~~product~~an ~~license.~~installed Weelectricity ~~have~~capacity ~~not~~of ~~entered~~24,000 ~~into~~kWh, ~~any~~and ~~vendor~~an ~~agreements~~average orannual ~~contracts~~output ~~that~~of ~~give~~112.5548 ormillion ~~could~~kWh. ~~give~~The ~~rise~~Jiesigou I and Jiesigou III hydropower stations are currently expected to ~~any~~come ~~obligations~~on-line orin ~~concessions~~2019.

~~Governmental~~Xing ~~Controls,~~Tie ~~Approval~~Electric. Xing Tie Electric is engaged in the purchase and ~~Licensing~~sale ~~Requirements~~of power generating equipment, primarily to Xin Hong Power Development.

WeHospitality ~~are not currently subject to direct federal, state or local regulation other than the requirement to have a business license for the areas in which we conduct business.~~Segment

~~Number~~EnZe Hotel Management. EnZe Hotel Management owns and is nearing completion of ~~Employees~~construction of the Enze Hotel located at 47 Government Street, Mei Xin Town, Xiaojin County, China upon. The hotel is expected to be completed and open for business in June 2017. This hotel is located across the street from the HongjunHuishi Square. The Enze Hotel will have 190 guest rooms, including 178 luxury guest rooms, and 12 deluxe suites, and will cover a total of over 114,000 square feet. The hotel will include a shopping area, business center, the 600-seatEnZe Restaurant, a tea house in the lobby, a KTV (karaoke) house with ten private rooms, a seven room spa, five conference rooms, three large meeting rooms, and two multi-function halls which will accommodate up to 800 people. We intend to sell bookings for the hotel, the public meeting halls, the restaurant and the spa directly in person, over the phone, through our website, and through third party service providers including internet- and mobile-based third party service providers. We will lease space in our shopping area to premium brand retailers.

~~Axiom~~SiGuNiang ~~has~~Mountain noHotel ~~employees,~~Management. ~~but~~SiGuNiang ~~has~~Mountain ~~retained~~Hotel ~~the~~Management ~~services~~owns and is nearing completion of ~~two~~construction ~~customer~~of ~~service~~the ~~contractors~~Mt. Four Sisters Hotel, located in SiGuNiang Mountain Town, Xiaojin County, Sichuan Province, China. The ~~officers~~hotel is expected to be completed and ~~director~~open ~~are~~for ~~largely~~business ~~donating~~in ~~their~~June ~~time~~2017. The hotel is adjacent to the ~~development~~ ofprovincial highway S303, and its rear faces the ~~company~~Siguniang Mountain town government center. This area is the center of tourism, entertainment and ~~intend~~catering toservices doin ~~whatever~~SiGuNiang ~~work~~Mountain Town, and is ~~necessary~~approximately to143 ~~bring~~miles usfrom toChengdu, ~~viability~~the capital city of Sichuan and approximately 112 miles from Maerkang, the capital of Aba Autonomous Region. We The hotel will have no90 ~~other~~guest ~~employees~~rooms on six floors, ~~but~~will docover ~~foresee~~a ~~hiring~~total ~~additional~~of ~~customer~~over ~~service~~71,000 ~~contractors~~square asfeet, and is mainly in the ~~company~~Jiarong ~~expands~~Tibetan ~~into~~style. ~~other~~The ~~markets~~hotel will include a 120 seat restaurant, tea house, meeting rooms, and 13 street level shops. The hotel will also offer a catering department. We intend to sell bookings for the hotel, meeting rooms and the restaurant directly in person, over the phone, through our website, and through third party service providers including internet- and mobile-based third party service providers. We plan to lease space in our shopping area to premium brand retailers.

~~Plan~~4 Table of ~~Operation~~Contents

The following discussion and analysis should be read in conjunction with our financial statements and notes thereto included elsewhere in this Prospectus. Except for the historical information contained herein, the discussion in this Prospectus contains certain forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this Prospectus should be read as being applicable to all related forward-looking statements wherever they appear in this Prospectus. The Company's actual results could differ materially from those discussed here.Trademarks

~~Our~~We ~~auditors~~do not have ~~issued~~any ~~a going concern opinion~~trademarks. ~~This~~ ~~means~~We ~~that~~do ~~there~~not isconsider ~~substantial doubt that we can continue as an on-going business for~~ the ~~next~~protection ~~twelve~~of ~~months~~our ~~unless~~trademarks weto ~~obtain~~be ~~additional~~important ~~capital~~ to ~~pay for~~ our expenses. This is because we have generated limited revenues and have limited operating history. There is no assurance we will ever reach this point. Accordingly, we must raise sufficient capital from sources. Our only other source for cash at this time is investments by others. We must raise cash to stay in business. In ~~response to these problems, management intends to raise additional funds through public or private placement offerings.~~

Axiom Holdings has limited operations, limited revenue, limited financial backing and limited assets. We are currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. In certain instances, a target business may wish to become our subsidiary or may wish to contribute assets to us rather than merge. We have not yet begun negotiations or entered into any definitive agreements for potential new business opportunities, and there can be no assurance that we will be able to enter into any definitive agreements.Customers

WePower ~~may~~Production ~~seek~~Segment. aWe ~~business~~operate ~~opportunity~~two ~~with~~power ~~entities~~plants ~~who~~within ~~have~~this ~~recently~~segment. ~~commenced~~The ~~operations,~~Jiema orhydroelectric ~~entities~~station ~~who~~and ~~wish to utilize~~ the ~~public~~Jiesigou ~~marketplace~~II inhydropower ~~order~~station tosells ~~raise~~their ~~additional~~electricity ~~capital in order~~ to ~~expand~~a ~~business~~single ~~development activities~~customer, toNational ~~develop~~Sichuan aXiaojin ~~new~~County ~~product~~Electricity orSupply ~~service~~Company Ltd., oran ~~for~~unrelated ~~other~~third ~~corporate purposes~~party. WePlease ~~may~~refer ~~acquire~~to ~~assets~~“Risk ~~and~~Factors” ~~establish~~below ~~wholly-owned~~for ~~subsidiaries~~a indiscussion ~~various~~of ~~businesses~~the orrisks ~~acquire~~inherent ~~existing~~with ~~businesses~~providing aselectricity ~~subsidiaries~~to a single customer.

InHospitality ~~implementing~~Segment. aThe ~~structure~~Enze ~~for~~Hotel aand ~~particular~~Mt. ~~business~~Four ~~acquisition~~Sisters orHotel ~~opportunity~~(together, wethe ~~may~~“Hotel ~~become~~Brands”) aintend ~~party~~to target the domestic and international tourism consumer market and corporate and government travel and retreat market. We plan to position the Enze Hotel as a ~~merger,~~modern ~~consolidation,~~international-standard ~~reorganization~~luxury hotel, ~~joint~~offering ~~venture~~178 orluxury ~~licensing~~suites ~~agreement~~and ~~with~~12 ~~another~~deluxe ~~corporation~~suites orfor ~~entity.~~lodging, Wea ~~may~~high ~~also~~end ~~acquire~~Tibetan ~~stock~~style orrestaurant ~~assets~~capable of anseating ~~existing~~600 ~~business.~~guests, ~~Upon~~a ~~the~~high-end ~~consummation~~tea ofhouse and a ~~transaction,~~karaoke it(KTV) ishouse ~~likely~~with ~~that~~ten ~~our~~private ~~present~~rooms. ~~management~~The ~~will~~Mt. noFour ~~longer~~Sisters ~~retain~~Hotel is expected to be positioned to offer guests with a ~~majority~~lower ~~control~~price ofpoint ~~our~~option ~~company.~~in Inexchange ~~addition~~for an authentic indigenous living experience, itincluding is90 ~~likely~~guest ~~that~~rooms asat ~~part~~45 ofsquare ~~the~~meters ~~terms~~each, ofa ~~the~~120seat ~~acquisition~~restaurant ~~transaction~~with two VIP rooms, ~~one~~a ortea ~~more~~house ~~new~~with ~~officers~~four private rooms and ~~directors~~one ~~would~~conference ~~join~~room ~~the~~which ~~Company~~will seat 120 conference attendees.

4Sales and Marketing

~~Table~~Power Production Segment. Power generation stations often sell all electricity output to a single customer as noted above. We do not engage in direct marketing activities, and we believe that direct marketing activities are not necessary in the power generation and electricity sales industry, due to the increased weight given to reliable and consistent operation of ~~Contents~~power stations.

WeHospitality ~~anticipate~~Segment. ~~that~~The Enze Hotel and the ~~selection~~Mt. ofFour aSisters ~~business~~Hotel ~~opportunity~~currently inunder ~~which~~construction toare ~~participate~~expected ~~will~~to be ~~complex~~completed and ~~without~~open ~~certainty~~for ofbusiness ~~success~~in June 2017. WeAccordingly, ~~believe~~the ~~that~~Hospitality ~~there~~Segment ~~are~~does ~~numerous~~not ~~firms~~have inany ~~various~~revenues ~~industries~~as ~~seeking~~of the ~~perceived~~date ~~benefits~~ of ~~being~~this areport. ~~publicly~~The ~~registered~~Hospitality ~~corporation.~~Segment ~~Business~~is ~~opportunities~~expected ~~may~~to betarget ~~available~~the indomestic ~~many~~and ~~different~~international ~~industries~~consumer ~~and~~tourism atmarket ~~various~~through ~~stages~~marketing ofcampaigns ~~development,~~leveraging ~~all~~internet-based ofthird-party ~~which~~travel ~~will~~companies ~~make~~and ~~the~~other ~~task~~internet-based ofadvertising. ~~comparative~~We ~~investigation~~may ~~and~~also ~~analysis~~implement ofmarketing ~~such~~campaigns ~~business~~using ~~opportunities~~print ~~extremely~~media, ~~difficult~~product ~~and~~placement ~~complex.~~techniques, ~~Business~~radio ~~opportunities~~(including ~~that~~internet-based weradio ~~believe~~such ~~are~~as inXimalayaFM), ~~the~~television, ~~best~~trade ~~interests~~shows ofand ~~our~~physical ~~company~~display ~~may~~marketing betechniques ~~scarce,~~such oras wesubway advertisements. We may beseek ~~unable~~partnerships towith ~~obtain~~local ~~the~~and ~~ones~~provincial ~~that~~level wegovernment ~~want~~tourism agencies. We ~~can~~intend ~~provide~~to nohire ~~assurance~~in-house ~~that~~sales weand ~~will~~marketing bestaff ~~able~~ to ~~locate~~target ~~compatible~~both ~~business~~the ~~opportunities~~consumer tourism market and the corporate and government retreat market.

WeSuppliers have not yet entered into any definitive agreements for potential new business opportunities. There can be no assurance that we will be able to identify an appropriate business opportunity or acquire the financing necessary to enable us to pursue a transaction if an appropriate opportunity is identified.

InPower Production Segment. Our Jiema hydroelectric station, operated by Jitai Power Investment, is a hydroelectric station which uses the ~~next~~flow 12of ~~months~~water from the Wori River to power its electricity production. Our Jiesigou II station, ~~our~~operated ~~plan~~by Xin Hong Power Development, uses the flow of ~~operations~~water isfrom the Jiesigou River to power its electricity production. Our Jiesigou I and Jiesigou III stations which are under construction, are expected to beuse asthe ~~follows:~~ flow of water from the Jiesigou River to power their electricity production.

~~For~~Hospitality Segment. The Enze Hotel and the ~~next~~Mt. 12Four ~~months~~Sisters ofHotel ~~business~~are ~~development,~~still weunder ~~expect~~construction weas ~~will~~of ~~require~~the ~~$30,000~~date ~~for~~of ~~ongoing~~this ~~regulatory~~report. ~~fees,~~Construction ~~plus~~materials anare ~~undetermined~~sourced ~~amount~~from a variety of ~~funding~~regions. toWe ~~complete~~believe ~~our~~we ~~business~~will ~~development.~~have ~~Funding~~access isto ~~currently~~a ~~not~~sufficient ~~available. We~~supply ~~may~~of ~~need~~construction ~~significant~~materials ~~additional~~to ~~funding~~complete ~~should~~the ~~other~~construction ~~business~~of ~~opportunities~~the ~~become~~hotels ~~available~~we plan to usopen.

~~Our~~Government ~~officers~~Approvals ~~and directors will not receive any compensation during the development stage and will be donating their time until the Company is generating profits and positive cash flow from operations.~~

WePower ~~are~~Production a public entity, subject to the reporting requirements of the Exchange Act, we will incur ongoing expenses associated with professional fees for accounting, legal and a host of other expenses for annual reports and proxy statements. We estimate that these accounting, legal and other professional costs would be a minimum of $30,000 in the next year and will be higher, in the following years, if our business volume and activity increases. Increased business activity could greatly increase our professional fees for reporting requirements and this could have a significant impact on future operating costs. The difference between having the ability to sustain our cash flow requirements over the next twelve months and the need for additional outside funding will depend on how fast we can generate sales revenue.Segment

All Atof ~~present,~~our wehydroelectric dopower ~~not~~stations ~~have~~are ~~enough~~subject ~~cash~~to onextensive ~~hand~~regulation toby ~~cover~~the ~~our~~PRC ~~reporting~~governmental ~~costs~~authorities, ~~for~~including ~~the~~central ~~next~~governmental 12authorities ~~months.~~such Inas ~~order~~the toMinistry ~~proceed~~of ~~with~~Commerce, ~~our~~the ~~business~~State ~~plan,~~Administration wefor ~~will~~Industry ~~have~~and toCommerce, ~~find~~the ~~alternative~~National ~~sources~~Development ofand ~~funds~~Reform Commission, ~~like~~the aState ~~second~~Electricity ~~public~~Regulatory ~~offering~~Commission, athe ~~private~~State ~~placement~~Administration of ~~securities~~Taxation, orthe ~~loans~~Ministry ~~from~~of ~~our~~Environmental ~~officers~~Protection, orthe ~~third~~Ministry ~~parties~~of ~~(such~~Communications asand ~~banks~~Transportation, orthe ~~other~~Ministry ~~institutional~~of ~~lenders). Equity~~Water ~~financing~~Resources, ~~could~~the ~~result~~Ministry inof ~~additional~~Land ~~dilution~~and toResources ~~then~~and ~~existing~~the ~~shareholders.~~Ministry Ifof weHousing ~~are~~and ~~unable~~Urban-Rural toDevelopment, ~~meet~~as ~~our~~well ~~needs~~as ~~for~~their ~~cash~~provincial ~~from~~and ~~either~~local ~~money~~counterparts. ~~that~~Government weregulations ~~raise~~address ~~from~~virtually ~~our~~all ~~equity,~~aspects orof ~~possible~~our ~~alternative~~operations, ~~sources~~including, ~~then~~among ~~we may be unable to continue to maintain~~others, ~~develop~~the ~~or expand our operations.~~following:

We5 ~~have~~Table noof ~~plans to undertake any product research and development during the next 12 months.~~Contents

~~Reports~~· planning and construction of new power projects; · the granting of power generation, dispatch and supply permits; · the amount and timing of power generation; · the setting of on-grid tariffs paid to ~~Security~~power ~~Holders~~producers and power tariffs paid by consumers of electricity; · power grid control and power dispatch, including the setting of preferential policies for the dispatch of renewable energy generated power; · allocation of water resources and control of water flows; · environmental protection and safety standards; · acquisitions by foreign investors; and · taxes, in particular Enterprise Income Tax and Value Added Tax.

~~Axiom~~Lastly, ~~Holdings~~in ~~will~~accordance ~~voluntarily~~with ~~make~~relevant ~~available~~PRC anlaws ~~annual~~and ~~report~~regulations, ~~including~~hydroelectric ~~audited~~power ~~financials~~projects onare ~~Form~~required ~~10-K~~to pass a completion acceptance procedure. Jitai Power has obtained the required permit to ~~security~~operate ~~holders~~the Jiema hydroelectric power station. We ~~will~~Xin ~~file~~Hong Power Development has applied for the ~~necessary~~required ~~reports~~permits ~~with~~and received the ~~SEC~~approvals ~~pursuant~~required to develop and operate the ~~Exchange~~Jiesigou ~~Act,~~II ~~including~~hydroelectric ~~but~~power ~~not~~station ~~limited~~that went into production in September 2016. We plan to, obtain all further government approvals required to operate the ~~report~~Jiesigou onI ~~Form~~and ~~8-K,~~III ~~annual~~hydroelectric ~~reports~~power onstations ~~Form~~that ~~10-K~~are currently under construction. Further, ~~and~~we ~~quarterly~~believe ~~reports~~our onhydroelectric ~~Form~~power ~~10-Q~~stations have the necessary government approvals to operate.

~~The~~Hospitality public may read and copy any materials filed with the SEC at the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports and other electronic information regarding At Play Vacations and filed with the SEC at http://www.sec.gov.Segment

5The Chinese hospitality sector, including hotel owners and operators, is subject to regulation at the national level by the China National Tourism Administration, and at the local level by the local tourism administrations.

~~Table~~Construction of ~~Contents~~our hotel properties is subject to regulation in the PRC. prior to the start of construction projects, project owners must, in accordance with relevant provisions of the State. We are required to apply to local governmental authorities where the project is located for construction permits, except for small projects below a certain value set government regulators. We believe the construction of our two hotel properties comply with the current government regulations. In addition, upon completion of construction, we plan to obtain all required government approvals to operate the hotels.

~~Item~~Research ~~1A. Risk~~and ~~Factors.~~Development

AsPower aProduction ~~"smaller~~Segment. ~~reporting~~We ~~company"~~conduct research and development within our Power Production Segment related to the efficient generation of hydroelectric power, efficient storage of electricity and electricity distribution and transfer practices. Since the price of our electricity is set by contract and subject to negotiation with our customers, who have substantial negotiating leverage, we are ~~not~~limited ~~required~~in our ability to ~~provide~~charge ~~the~~our ~~information~~customers ~~required~~a byhigher ~~this~~price ~~Item~~to finance research and development activities.

~~Item~~Hospitality 1BSegment. ~~Unresolved~~ ~~Staff~~Both ~~Comments~~of our hotel properties are under construction and not operational, and management devotes substantially all of its time on completion of construction of the hotel properties. We anticipate significant resources being required for research and development activities in the area of sales and marketing, commercial leasing and the selection of shopping brands to lease our commercial spaces, and evolving trends in the regional tourism sector. If we are capable of building significant brand value, we will have the ability to finance increased research and development activities through increased pricing to the customer.

AsIndustry aand ~~"smaller~~Competitive ~~reporting company", we are not required to provide the information required by this Item.~~Advantages

~~Item~~Power ~~2. Properties.~~Production Segment

~~Our~~Competition ~~principal~~within ~~business~~the ~~and~~electric ~~corporate~~power ~~address~~industry ishas ~~11637~~only ~~Orpington~~been ~~St.,~~introduced ~~Orlando~~recently in China, FLas ~~32817;~~energy ~~the~~producers ~~telephone~~were ~~number~~historically iscontrolled ~~(407)~~by ~~412-6432~~the government. WeChina ~~have~~has noexperienced ~~intention~~significant ofcapacity ~~finding~~shortages, inand suppliers have often been unable to meet the ~~near~~surging ~~future,~~demand ~~another~~for ~~office~~electricity. ~~space~~We believe that competition between power projects to ~~rent~~sell ~~during~~electricity ~~the~~is ~~development~~lessened ~~stage~~due ofto prevalent supply shortages. Nonetheless, we believe that competition will increase in the ~~company~~long run.

WeAll dohydroelectric ~~not~~power ~~currently~~projects ~~have~~in ~~any~~China ~~investments~~are orsubject ~~interests~~to dispatch conducted by various dispatch centers. A dispatch center is required to dispatch electricity pursuant to the Regulations on the Administration of Electric Power Dispatch Networks and Grids, issued by the State Council with effect from November 1, 1993, and in ~~any~~accordance ~~real~~with ~~estate~~its agreements with hydroelectric power projects subject to its dispatch. Power generation companies are also required to enter into on-grid dispatch agreements with power grid companies. As a result, ~~nor~~there is competition for favorable dispatch treatment in China’s electric power industry, especially during the off-peak periods. Our ability to sell electricity depends on the dispatch and allocation determined by the dispatch requirements of the local grids to which we sell our electricity. We therefore do not compete directly with other power producers to sell the electricity we ~~have~~generate, ~~investments~~but orinstead, anto ~~interest~~sell inthe ~~any~~electricity ~~real~~solely ~~estate~~through ~~mortgages~~the orlocal ~~securities~~grids. As a generator of ~~persons~~renewable ~~engaged~~energy, hydroelectric power projects are technically entitled to preferential treatment in ~~real~~dispatchment ~~estate~~over ~~activities~~thermal power projects. This factor has led to increased interest in and support to hydropower in China.

~~Item~~6 ~~3. Legal~~Table ~~Proceedings.~~of Contents

WeCompetition ~~know~~may ofcome nofrom ~~material~~China’s ~~pending~~five ~~legal~~biggest ~~proceedings~~power togenerating companies, which ~~our~~are ~~company is~~all astate-owned ~~party~~enterprises orand ofcurrently ~~which~~operate ~~any~~primarily coal-fired power projects but have become increasingly interested in hydroelectric power projects and other forms of ~~our~~renewable ~~properties~~energy. These companies have excellent relationships with the power grids, orwhich provide them an advantage when introducing new plants to a grid. Certain smaller China-based and overseas listed power companies are also seeking to acquire hydroelectric power projects in China. Hydroelectric power projects in China are also attractive investments for international investors seeking to generate and trade certified emissions reduction credits. We believe these local and foreign companies are acquiring hydroelectric power projects along with other renewable energy operations and lack the ~~properties~~segment offocus that our ~~subsidiaries,~~Company ishas. While we are aware of their activities in the ~~subject~~market, we have not experienced direct competition with them to date for project acquisition. InWe ~~addition~~may also encounter some competition from venture capital and private equity funds, leveraged buyout funds and other foreign funded entities interested in acquiring hydropower assets in China. We believe we dohave ~~not~~the ~~know~~expertise ofand ~~any~~experience ~~such~~in ~~proceedings~~the ~~contemplated~~hydropower bysector ~~any~~to ~~governmental~~compete ~~authorities~~effectively with these players.

WeHospitality know of no material proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder is a party adverse to our company or has a material interest adverse to our company or our subsidiaries.Segment

~~Item~~Our 4Hospitality Segment will operate hotels which will seek to attract customers largely on the basis of the location of the Hotel Brands in regions of superior natural scenery. ~~Mine~~ ~~Safety~~Domestic ~~Disclosures~~and international tourists traveling within the PRC have many choices for destinations that offer similar benefits, including Guilin, Tibet, Gansu and Ningxia, and Yunnan Province. Our competitive advantage in the tourism market in the PRC is linked to Xiaojin County and Sichuan Province maintaining their appeal to domestic and international tourists. We believe that our main competitive advantage will be enhanced brand value and attention to high quality service. Chinese online travel companies and mobile applications rank hotels by customer feedback, and we are committed to maintaining a top quality online presence with regard to customer satisfaction.

~~Not~~GOVERNMENT ~~applicable.~~REGULATION

~~PART~~This IIsection sets forth a summary of the most significant PRC regulations that affect our business and the industry in which we operate.

~~Item~~We ~~5. Market~~operate our business in China under a legal regime consisting of the State Council, or China central government, and several ministries and agencies under its authority, including the Ministry of Commerce, the State Administration for ~~Registrant's~~Industry ~~Common~~and ~~Equity~~Commerce, ~~Related~~the ~~Stockholder~~State ~~Matters~~Administration of Foreign Exchange, the National Development and ~~Issuer~~Reform ~~Purchases~~Commission, the Ministry of ~~Equity~~Water ~~Securities~~Resources, the Ministry of Environmental Protection, the Ministry of Land and Resources, the Ministry of Housing and Urban-Rural Development, the State Administration of Taxation, and the State Electricity Regulatory Commission. From time to time, these authorities issue regulations that apply to our business.

~~Market~~Regulations ~~Information~~Relating to Foreign Investment

~~Our~~On ~~company's~~December ~~common~~27, ~~stock~~2011, isthe ~~quoted~~National onDevelopment and Reform Commission and the ~~OTC~~Ministry ~~Markets~~of (Commerce jointly promulgated a revised Catalogue for the ~~“OTCBB”)~~Guidance ~~under~~of Foreign Investment Industries, or the ~~symbol~~Catalogue, ~~"AIOM"~~which came into effect on January 30, 2012. ~~Our~~The ~~stock~~Catalogue ~~was~~lists ~~not~~those ~~eligible~~industries toand ~~trade~~economic ~~until~~activities ~~November~~in 5which foreign investment in China is encouraged, ~~2014~~restricted or prohibited. Pursuant to the Catalogue, construction and operation of hydroelectric power projects with the main purpose of power generation fall within the encouraged category.

The ~~following~~principal ~~table~~PRC ~~sets~~regulations ~~forth~~in ~~the~~connection ~~quarterly~~with ~~high~~foreign ~~and~~investment low bid prices for the common stock from November 5, 2014 to September 30, 2015. The prices set forth below represent inter-dealer quotations, without retail markup, markdown or commission and may not be reflective of actual transactions.include:

	High		Low
Quarter ended September 30, 2014		N/A		N/A
Quarter ended December 31, 2014	$	1.10	$	1.10
Quarter ended March 31, 2015	$	1.10	$	1.10
Quarter ended June 30, 2015	$	1.10	$	1.10
Quarter ended September 30, 2015	$	1.10	$	1.10

	·	The Sino-foreign Equity Joint Venture Law (1979), as amended;

	·	The Regulations of Implementation of the Sino-foreign Equity Joint Venture Law (1983), as amended;

	·	The Wholly Foreign-owned Enterprise Law (1986), as amended;

	·	The Detailed Rules of the Wholly Foreign-owned Enterprise Law (1990), as amended;

	·	The Company Law of the PRC (1993), as amended;

	·	The Provisions on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors (2009);

	·	The Interim Administrative Measures on Foreign Investment (2004);

	·	The Circular Regarding Further Strengthening and Regulating the Administration of Foreign Invested Projects issued by the National Development and Reform Commission (2008).

	·	Circular of the General Office of the State Council on the Establishment of Security Review System Regarding Mergers and Acquisitions in China by Foreign Investors (2011)

~~Holders~~7 Table of Contents

AsGenerally, the acquisitions of ~~January~~domestic 9,enterprises ~~2016,~~by ~~there~~foreign ~~were~~investors 13in ~~stockholders~~China are subject to the prior approvals of ~~record~~the National Development and anReform ~~aggregate~~Commission and the Ministry of ~~340~~Commerce,~~000~~ or their local counterparts. After obtaining the approvals from the National Development and Reform Commission and the Ministry of Commerce,~~000~~ ~~shares~~the change of ~~our~~shareholders ~~common~~must ~~stock~~be ~~were~~registered ~~issued~~with the State Administration for Industry and ~~outstanding~~Commerce or its local counterparts and other alteration registrations shall be filed with the government authorities in charge of foreign exchange, customs, tax, land, etc. The acquisition of hydropower plants may also be subject to security review.

6Environmental Protection Regulations

~~Table~~Pollution ofand ~~Contents~~Pollutants

~~Description~~In accordance with the China Environmental Protection Law adopted on December 26, 1989, the Administration Supervisory Department of ~~Securities~~Environmental Protection of the State Council sets the national guidelines for the discharge of pollutants. The PRC’s provincial governments, autonomous regions and municipalities may also set their own guidelines for the discharge of pollutants within their own provinces or districts in the event that the national guidelines are inadequate. A company which causes environmental pollution and discharges other polluting materials which endanger the public should implement environmental protection methods and procedures into their business operations. This may be achieved by setting up a system of accountability within the company’s business structure for environmental protection, adopting effective procedures to prevent environmental hazards such as waste gases, water and residues, dust powder, radioactive materials and noise arising from production, construction and other activities from polluting and endangering the environment. The environmental protection system and procedures should be implemented simultaneously with the commencement of and during the operation of construction, production and other activities undertaken by the company. Any company which discharges environmental pollutants should report and register such discharge with the Administration Supervisory Department of Environmental Protection and pay any fines imposed for the discharge. A fee may also be imposed on the company for the cost of any work required to restore the environment to its original state. Companies which have caused severe pollution to the environment are required to restore the environment or remedy the effects of the pollution within a prescribed time limit. If a company fails to report and/or register the environmental pollution it caused, it will receive a warning or be penalized. Companies that fail to restore the environment or remedy the effects of the pollution within the prescribed time will be penalized or have their business licenses terminated. Companies that have polluted and endangered the environment must bear the responsibility for remedying the danger and effects of the pollution, as well as to compensate any losses or damages suffered as a result of such environmental pollution.

~~The~~We ~~authorized~~believe ~~capital~~that ~~stock~~our ofoperations ~~our~~in ~~company~~the ~~consists~~PRC ofcomply ~~3,000,000,000~~with ~~shares~~the ofcurrent ~~common~~environmental ~~stock,~~protection atrequirements $0and will continue to evaluate the proposed environmental regulations.~~001~~ ~~par~~We ~~value,~~are ~~and~~not 1subject to any admonition,~~000~~ penalty,~~000~~ ~~shares~~investigations ofor ~~preferred~~inquiries ~~stock~~imposed by the environmental regulators, atnor ~~$0.001~~are ~~par~~we ~~value~~subject to any claims or legal proceedings to which we were named as a defendant for violation of any environmental laws and regulations.

~~Transfer~~Regulation ~~Agent~~of Foreign Exchange

~~Our~~The ~~transfer~~PRC ~~agent~~government imposes restrictions on the convertibility of the CNY and on the collection and use of foreign currency by PRC entities. Under current regulations, the CNY is ~~Clear~~convertible ~~Trust~~for current account transactions, ~~LLC~~which include dividend distributions, ~~16540~~and ~~Pointe~~the ~~Village~~import Drand export of goods and services. Conversion of CNY into foreign currency and foreign currency into CNY for capital account transactions, ~~Suite~~such ~~210~~as direct investment, ~~Lutz~~portfolio investment and loans, ~~FL 33558~~however, is still generally subject to the prior approval of or registration with SAFE.

~~Dividend~~Under ~~Policy~~current PRC regulations, foreign-invested enterprises such as our PRC subsidiaries are required to apply to SAFE for a Foreign Exchange Registration Certificate for Foreign-Invested Enterprise. With such a certificate (which is subject to review and renewal by SAFE on an annual basis), a foreign-invested enterprise may open foreign exchange bank accounts at banks authorized to conduct foreign exchange business by SAFE and may buy, sell and remit foreign exchange through such banks, subject to documentation and approval requirements. Foreign-invested enterprises are required to open and maintain separate foreign exchange accounts for capital account transactions and current account transactions. In addition, there are restrictions on the amount of foreign currency that foreign-invested enterprises may retain in such accounts.

~~The~~8 ~~Company~~Table ~~does not anticipate paying dividends on the Common Stock at any time in the foreseeable future. The Company's Board~~ of Directors currently plans to retain earnings for the development and expansion of the Company's business. Any future determination as to the payment of dividends will be at the discretion of the Board of Directors of the Company and will depend on a number of factors including future earnings, capital requirements, financial conditions and such other factors as the Board of Directors may deem relevant.Contents

~~Securities~~Regulation ~~Authorized~~of ~~for~~Foreign ~~Issuance~~Exchange ~~Under~~in ~~Equity~~Certain ~~Compensation~~Onshore ~~Plans~~and Offshore Transactions

WeSAFE doissued ~~not~~a public notice, or SAFE Circular 75, in October 2005 requiring PRC residents to register with the local SAFE branch before establishing or controlling any company outside of China for the purpose of capital financing with assets or equity interests in any onshore enterprise located in China, referred to in the notice as a “special purpose company.” On July 4, 2014, SAFE issued the SAFE’s Notice on Relevant Issues Concerning Foreign Exchange Administration for PRC Residents to Engage in Outbound Investment and Financing and Inbound Investment via Special Purpose Vehicles, or SAFE Circular 37, which has superseded SAFE Circular 75. Under SAFE Circular 75, SAFE Circular 37 and other relevant foreign exchange regulations, PRC residents who make, or have previously made, prior to the implementation of these foreign exchange regulations, direct or indirect investments in offshore companies will be required to register those investments. In addition, any PRC resident who is a direct or indirect shareholder of an offshore company is also required to file or update the registration with the local branch of SAFE, with respect to that offshore company for any material change involving its round-trip investment, capital variation, such as an increase or decrease in capital, transfer or swap of shares, merger, division, long-term equity ~~compensation~~or ~~plans~~debt investment or the creation of any security interest. If any PRC shareholder fails to make the required registration or update the previously filed registration, the PRC subsidiary of that offshore parent company may be prohibited from distributing their profits and the proceeds from any reduction in capital, share transfer or liquidation to their offshore parent company, and the offshore parent company may also be prohibited from injecting additional capital into its PRC subsidiary.

~~Recent~~In ~~Sales~~addition, on August 8, 2006, six PRC regulatory authorities, including the Ministry of ~~Unregistered~~Commerce, ~~Securities~~the State Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the CSRC and SAFE, jointly issued the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the New M&A Rules, which became effective on September 8, 2006. This regulation, among other things, includes provisions that purport to require that an offshore special purpose vehicle formed for purposes of overseas listing of equity interests in PRC companies and controlled directly or indirectly by PRC companies or individuals obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock exchange. On September 21, 2006, the CSRC published on its official website procedures regarding its approval of overseas listings by special purpose vehicles. The CSRC approval procedures require the filing of a number of documents with the CSRC and it would take several months to complete the approval process.

WeRegulations ~~did~~on ~~not~~Dividend ~~sell any equity securities which were not registered under the Securities Act of 1933 during the year ended September 30, 2015.~~Distribution

~~Use~~The principal PRC regulations governing the distribution of ~~Proceeds~~dividends ~~from~~by ~~Registered~~foreign-invested ~~Securities~~enterprises include:

We· ~~did~~The ~~not~~Sino-foreign ~~sell~~Equity ~~any~~Joint ~~equity~~Venture ~~securities~~Law ~~which~~(1979), ~~were~~as ~~not~~amended; ~~registered~~· ~~under~~The ~~the Securities~~Regulations ~~Act~~of Implementation of ~~1933 during~~the Sino-foreign Equity Joint Venture Law (1983), as amended; · The Wholly Foreign-owned Enterprise Law (1986), as amended; · The Detailed Rules of the ~~year~~Wholly ~~ended~~Foreign-owned ~~September~~Enterprise 30Law (1990), ~~2015~~as amended; · Foreign Currency Administration Rules (1996), as amended; · The Company Law of China (1993), as amended; · The Enterprise Income Tax Law of China; and · The Implementation Regulations of Enterprise Income Tax Law of China.

~~Purchase~~Under the above-mentioned regulations, foreign-invested enterprises in China may pay dividends only out of ~~Equity~~their ~~Securities~~accumulated byprofits, if any, determined in accordance with PRC accounting standards and regulations. In addition, wholly foreign-owned enterprises in China are required to set aside at least 10.0% of their after-tax profits each year, if any, to fund the ~~Issuer~~reserve fund unless such reserve fund has reached 50.0% of their respective registered capital and ~~Affiliated~~to ~~Purchasers~~set aside a percentage of their after-tax profits to their employee bonus and welfare fund which is decided by their respective board of directors. Sino-foreign equity joint ventures are required to set aside their reserve fund, enterprise development fund and employee bonus and welfare fund at percentages that are decided by their respective board of directors. PRC domestic companies are required to set aside at least 10.0% of their after-tax profits each year, if any, to fund their respective statutory reserve fund unless such fund has reached 50.0% of their respective registered capital. These reserves are not distributable as cash dividends.

We9 ~~did~~Table ~~not purchase any~~ of ~~our shares of common stock or other securities during our fiscal year ended September 30, 2015.~~Contents

~~Item~~SAFE ~~6. Selected~~Regulations ~~Financial~~on ~~Data.~~Employee Share Options

AsIn December 2006, the People’s Bank of China promulgated the Administrative Measures of Foreign Exchange Matters for Individuals or the People’s Bank of China Regulation. In January 2007, the State Administration of Foreign Exchange issued implementing rules for the People’s Bank of China Regulation, which, among other things, specified approval requirements for certain capital account transactions such as a ~~"smaller~~PRC ~~reporting~~citizen’s participation in the equity incentive plan of an overseas publicly listed company". On March 28, we2007, ~~are~~the ~~not~~State ~~required~~Administration toof ~~provide~~Foreign Exchange issued the ~~information~~Operating ~~required~~Procedures on Administration of Foreign Exchange regarding PRC Individuals’ Participation in Employee Share Ownership Plans and Employee Stock Option Plans of Overseas Listed Companies, or the Stock Option Rule. The purpose of the Stock Option Rule is to regulate foreign exchange administration of PRC citizens who participate in equity incentive plans of overseas-listed companies. The Stock Option Rule was replaced by ~~this~~the ~~Item~~Notice of the State Administration of Foreign Exchange on Issues Related to Foreign Exchange Administration in Domestic Individuals’ Participation in Equity Incentive Plans of Companies Listed Abroad, or the New Stock Option Rule, which was issued on February 15, 2012.

~~Item~~According 7to the New Stock Option Rule, PRC residents who are granted shares or stock options by companies listed on overseas stock exchanges based on the stock incentive plans are required to register with the State Administration of Foreign Exchange or its local branches. ~~Management's~~ ~~Discussion~~Pursuant to the New Stock Option Rule, PRC residents participating in the stock incentive plans of overseas listed companies shall retain a qualified PRC agent, which could be a PRC subsidiary of such overseas publicly-listed company or another qualified institution selected by such PRC subsidiary, to conduct the registration with the State Administration of Foreign Exchange and ~~Analysis~~other procedures with respect to the stock incentive plans on behalf of ~~Financial~~these ~~Condition~~participants. Such participants must also retain an overseas entrusted institution to handle matters in connection with their exercise of stock options, purchase and ~~Results~~sale of ~~Operations~~corresponding stocks or interests, and fund transfer. In addition, the PRC agents are required to amend the registration the State Administration of Foreign Exchange with respect to the stock incentive plan if there is any material change to the stock incentive plan, the PRC agents or the overseas entrusted institution or other material changes. The PRC agents shall, on behalf of the PRC residents who have the right to exercise the employee share options, apply to the State Administration of Foreign Exchange or its local branches for an annual quota for the payment of foreign currencies in connection with the PRC residents’ exercise of the employee share options. The foreign exchange proceeds received by the PRC residents from the sale of shares under the stock incentive plans granted and dividends distributed by the overseas listed companies must be remitted into the bank accounts in the PRC opened by the PRC agents before distribution to such PRC residents. In addition, the PRC agents shall file each quarter the form for record-filing of information of the Domestic Individuals Participating in the Stock Incentive Plans of Overseas Listed Companies with the State Administration of Foreign Exchange or its local branches.

~~The~~In ~~following~~addition, ~~discussion~~the ~~should~~State beAdministration ~~read~~for inTaxation ~~conjunction~~has ~~with~~issued ~~our~~circulars ~~audited~~concerning ~~financial~~employee ~~statements~~stock ~~and~~options. ~~the~~Under ~~related~~these ~~notes~~circulars, ~~that~~our ~~appear~~employees ~~elsewhere~~working in ~~this~~China ~~annual~~who ~~report~~exercise onstock ~~Form~~options ~~10-K~~will be subject to PRC individual income tax. ~~The~~Our ~~following~~PRC ~~discussion~~subsidiary ~~contains~~has ~~forward‑looking~~obligations ~~statements~~to ~~that~~file ~~reflect~~documents ~~our~~related ~~plans,~~to ~~estimates~~employee ~~and~~stock ~~beliefs.~~options ~~Our~~with ~~actual~~relevant ~~results~~tax ~~could~~authorities ~~differ~~and ~~materially~~to ~~from~~withhold ~~those~~individual ~~discussed~~income intaxes ~~the~~of ~~forward-looking~~those ~~statements.~~employees ~~Factors~~who ~~that~~exercise ~~could~~their ~~cause~~stock oroptions. ~~contribute~~If our employees fail to ~~such~~pay ~~differences~~their ~~include~~income taxes, ~~but~~or ~~are~~we ~~not~~fail ~~limited~~ to withhold them, ~~those~~we ~~discussed~~may ~~below~~face ~~and~~sanctions ~~elsewhere~~imposed inby ~~this~~the ~~annual~~tax ~~report~~authorities onor ~~Form~~other ~~10-K~~PRC government authorities.

~~Our~~We ~~audited~~do ~~financial~~not ~~statements~~currently ~~are~~have ~~stated~~any inshare ~~United~~option ~~States~~plans. ~~Dollars~~Although further clarification is required as to how the Share Option Rule will be interpreted or implemented, we believe that if we were to adopt such a plan, we and ~~are~~our ~~prepared~~PRC inemployees ~~accordance~~who have been granted share options will be subject to the Share Option Rule when our company becomes an overseas listed company. If we or our PRC employees fail to comply with ~~United~~the ~~States~~Share ~~Generally~~Option ~~Accepted~~Rule, ~~Accounting~~we ~~Principles~~and/or our PRC employees may face sanctions imposed by foreign exchange authority or any other PRC government authorities.

~~Results~~Regulations ofRelating ~~Operations~~to Labor and Social Insurance

~~Our~~We ~~financial~~are ~~statements~~subject ~~have~~to ~~been~~various ~~prepared~~labor ~~assuming~~laws ~~that~~and weregulations ~~will~~in ~~continue~~the asPRC aincluding ~~going~~but ~~concern~~not ~~and~~limited to the PRC Labor Law, ~~accordingly~~the PRC Labor Contract Law, dothe ~~not~~Implementation ~~include~~Regulations ~~adjustments~~of ~~relating~~the toPRC Labor Contract Law, the ~~recoverability~~PRC ~~and~~Social ~~realization~~Insurance Law (promulgated on October 28, 2010 with effect from July 1, 2011), the Regulations of ~~assets~~Insurance for Work-related Injury, the Interim Provisions on Registration of Social Insurance and ~~classification~~the Interim Regulations on the Collection and Payment of ~~liabilities~~Social ~~that~~Insurance ~~might~~Premiums. bePursuant ~~necessary~~to ~~should~~the wePRC Labor Law and the PRC Labor Contract Law, labor contracts in written form shall be ~~unable~~executed to ~~continue~~establish inlabor ~~operation~~relationship between our employees and our company. We ~~expect~~must weprovide ~~will~~wages ~~require~~which ~~additional~~are ~~capital~~no tolower ~~meet~~than ~~our~~local ~~long~~minimum ~~term~~wage ~~operating~~standards ~~requirements~~to our employees. We ~~expect~~are required to ~~raise~~establish ~~additional~~a ~~capital~~system ~~through,~~for ~~among~~labor ~~other~~safety ~~things~~and sanitation, strictly abide by State rules and standards and provide relevant education to our employees. Violations of the ~~sale~~PRC Labor Contract Law and the PRC Labor Law may result in the imposition of ~~equity~~fines orand ~~debt~~other ~~securities~~administrative liabilities. Criminal liability may arise in serious cases.

7The amendment of PRC Labor Contract Law was issued on December 28, 2012 and was effective from July 1, 2013. The amended labor contract law enhances the protection of the dispatched workers, who shall be entitled to equal pay for equal work as the permanent staff members of an employing unit. The employment by labor dispatching is only a supplementary form, which shall apply only to temporary (no more than 6 months), auxiliary or back-up positions.

~~Table~~According to the Regulations of ~~Contents~~Insurance for Work-related Injury effective as of January 1, 2004 (which was amended on December 8, 2010 with effect from January 1, 2011), employers in China shall pay the work-related injury insurance fees for their employees, and their employees do not pay the work related injury insurance fees.

~~The~~According ~~following~~to ~~table~~the ~~provides~~Interim ~~selected~~Regulation ~~financial~~on ~~data~~the ~~about~~Collection ~~our~~and ~~company~~Payment of Social Insurance Premiums effective as of ~~September~~January 3022, ~~2015~~1999 and ~~2014~~Interim Measures concerning the Management of the Registration of Social Insurance effective as of March 19, 1999, employers in China shall conduct the registration of social insurance with the competent authorities, and make contributions to the basic pension insurance, basic medical insurance and unemployment insurance for their employees.

Balance Sheet Date	September 30, 2015			September 30, 2014
Cash	$	1,317		$	33,666
Total Assets	$	11,723		$	37,386
Total Liabilities	$	40,586		$	34,501
Stockholders' Equity (Deficit)	$	(28,863	)	$	2,885

Table of Contents

~~Our~~According ~~cash~~to ~~decreased~~Interim byMeasures ~~$32,349~~concerning orthe ~~96%,~~Maternity ~~primarily~~Insurance ~~due~~for toEmployees ~~payment~~of Enterprises effective as of January 1, 1995, the ~~professional~~employers ~~fees. Our~~in ~~liabilities~~China ~~increased~~shall ~~$6,085~~pay orthe ~~18%~~maternity ~~due~~insurance tofees annot ~~increase~~more inthan ~~deferred~~one ~~revenue~~percent of ~~$2,665,~~ an ~~increase~~employee’s intotal ~~accounts~~salary ~~payable~~for oftheir ~~$599~~employees, and antheir ~~increase~~employees ~~due~~do tonot ~~related~~pay ~~parties~~the ofmaternity ~~2,821~~insurance fees.

~~The~~According ~~following~~to ~~table~~Regulations ~~provides~~on the ~~results~~Management of ~~operations~~Housing ~~for~~Fund effective as of April 3, 1999, employers in China shall conduct the ~~years~~registration ~~ended~~of ~~September~~housing 30fund with the competent authorities, ~~2015~~open the relevant account with the designated banks and ~~2014:~~pay the housing fund equal to not less than five percent of an employee’s monthly average salary in the last year for their employees.

	Year Ended September 30,
	2015		2014
Revenue	$	22,310	$	45,476
Cost of revenue		9,936		23,132
Gross profit		12,374		22,344
Selling, general and administrative		24,741		73,214
Professional fees		49,381		24,092
Net operating loss	$	61,748	$	74,962

On October 28, 2010, Social Insurance Law of the PRC was promulgated, which took effect on July 1, 2011. Pursuant to the Social Insurance Law, the government will establish a social insurance system including basic endowment insurance, basic medical insurance, employment injury insurance, unemployment insurance and maternity insurance. An employer must, within 30 days from the date of its formation, apply to local social insurance agency for social insurance registration. Where an employer fails to apply for social insurance registration, the social insurance administrative department will order it to take remedial measures within a prescribed time limit. Failure to implement these measures within the prescribed time limit will lead to a fine of 1 to 3 times the amount of the social insurance premiums due and payable. The social insurance administrative department may also impose a fine of not less than CNY500 but not more than CNY3,000 upon persons primarily responsible for such failure.

~~Our~~According ~~revenue and gross profit decreased in the year ended September 30, 2015, as compared~~ to the ~~same~~Interim ~~period~~Measures ~~in 2014, due to decreased bookings. The reason~~ for ~~the~~Participation ~~fewer bookings~~ in ~~2015 over~~ the ~~same~~Social ~~period~~Insurance inSystem ~~2014,~~by ~~was~~Foreign anNationals ~~effort~~Working onwithin the ~~part~~Territory of ~~management to control costs and to try to generate profitable revenues. The marketing and overhead costs in 2014 were excessive and generated a loss. Hence~~China, ~~management~~effective ~~needed~~on toOctober ~~reevaluate its methodology and prove that its business model could function more efficiently. Website services were reduced~~15, ~~along with the expense of third party website optimizers~~2011, ~~and~~foreigner ~~finally~~nationals ~~the~~legally ~~expense~~recruited of Google AdWords was curtailed. The result of these measures saw revenue decrease during the year ended September 30, 2015, by $23,166 or 51%, as compared to the same period during 2014. Gross profit decrease during the year ended September 30, 2015, by $9,970 or 45%, as compared to the same period during 2014. And during the year ended September 30, 2015 we incurred selling, general and ~~administrative~~employed ~~fees of $24,741, compared to general and administrative fees of $73,214 during the same period ended September 30, 2014. The decrease in administrative expenses~~ by ~~$48,473~~enterprises orduly ~~66%,~~registered ~~during~~within the ~~year~~territory ended September 30, 2015, enabled us to book more efficiently and were able to reduce our loss from operations. The activity in 2014 had much trial and error, which is understandable in a start-up situation, while the activity in 2015 has much less trial, fewer errors, and greater efficiency. In terms of ~~professional~~China ~~fees,~~must inparticipate ~~the year ended September 30, 2015, we incurred fees of $49,381, compared to professional fees of $24,092 during the same period ended September 30, 2014. The increase~~ in ~~professional~~basic ~~fees~~social ~~for the year ended September 30~~insurance, ~~2015,~~with ofsocial ~~$25,289~~insurance orpremiums ~~105%, was generally related~~ to abe ~~one-time~~contributed ~~fee~~respectively ofby ~~$12,000~~themselves ~~for applying for DTC eligibility~~ and atheir ~~$5,700~~employer ~~increase in reporting fees,~~ as ~~compared to 2014~~required. ~~Our net loss from operations, due primarily to our cost cutting in advertising and selling expenses, decreased $13,214 or 18% year ended September 30, 2015.~~

8Value-added Tax

~~Table~~According to the amended Provisional Regulations of ~~Contents~~the PRC on Value-added Tax effective on January 1, 2009, and the amended Detailed Rules for the Implementation of the Provisional Regulations of the PRC on Value-added Tax effective since November 1, 2011, all organizations and individuals engaged in the sale of goods, provision of processing, repairs and replacement services, and importation of goods within the territory of the PRC are taxpayers of value-added tax. Ordinary tax payers shall pay value-added tax at the rate of 13% or 17%, while small scale tax payers shall pay value-added tax at the rate of 3%. According to the Notice Regarding the Application of Low Value-added Tax Rate and Simplified Method Taxation Policies to Certain Products, or the Notice, which was jointly issued by the Ministry of Finance and the State Administration of Taxation on January 19, 2009 and took effect, retrospectively, on January 1, 2009, small hydropower generation units administrated at or below the county level may choose to apply the value-added tax rate of 6% in accordance with the simplified method to electric power they generate. Small hydropower generation units are defined as hydropower generation units with the installed capacity of no greater than 50 MW. The value-added tax payers using simplified method cannot claim the input value-added tax credits on their purchases.

~~Liquidity~~Regulation ~~and~~in ~~Financial~~Relation ~~Condition~~to Land

~~Working~~All ~~Capital~~land in China is either state owned or collectively owned, depending on the location of the land. All land in the urban areas of a city or town is state owned, and all land in the suburban areas of a city or town and all rural land are, unless otherwise specified by law, collectively owned. The State has the right to expropriate or requisition with compensations land in accordance with law if required for the benefit of the public.

~~The~~In ~~following~~April ~~table~~1988, ~~provides~~the ~~selected~~Constitution ~~financial~~of ~~data~~China, ~~about~~or ~~our~~the ~~company~~Constitution, aswas amended by the National People’s Congress to allow for the transfer of ~~September~~land 30use rights for value. In December 1988, ~~2015~~the ~~and~~Land ~~2014~~Administration Law was amended to permit the transfer of land use rights for value.

	September 30, 2015				September 30, 2014			Change
Current Assets		$	11,723			$	37,386	$	(25,663	)
Current Liabilities			40,586				34,501		6,085
Working Capital (Deficiency)		$	(28,863	)		$	2,885	$	(31,748	)

In accordance with the Land Administration Law amended in 2004, the construction unit shall obtain the state-owned land use rights through grant or by other means with consideration. But the following land may be obtained through governmental allocation with the approval of the people’s governments at and above the county level according to law:

~~Our~~Under ~~working~~the ~~capital~~Provisional ~~decreased~~Regulations asof China concerning the Grant and Assignment of ~~September~~the 30Land Use Right of State-owned Land in Urban Areas, ~~2015~~or asthe ~~compared~~Urban toLand ~~September~~Regulations, 30promulgated in May 1990, ~~2014~~local ~~due~~governments at or above county level have the power to ~~payment~~grant ofland ~~professional~~use ~~fees,~~rights ~~primarily~~for ~~due~~specific purposes and for a definite period to ~~the~~a ~~one-time~~land ~~application~~user ~~fee~~pursuant ofto ~~$12,000~~a contract for ~~DTC~~the ~~eligibility~~grant of land use rights against payment of a grant premium.

~~Cash~~Under ~~Flows~~the Urban Land Regulations, all local and foreign enterprises are permitted to acquire land use rights unless the law provides otherwise. The State may not resume possession of lawfully granted land use rights prior to expiration of the term of grant. If public interest requires the resumption of possession by the State under special circumstances during the term of grant, compensation must be paid by the State. A land user may lawfully assign, mortgage or lease its granted land use rights to a third party for the remainder of the term of grant. Under the Urban Land Regulations, there are different maximum periods of grant for different uses of land: 70 years for residential purposes; 40 years for commercial, tourism and entertainment purposes; 50 years for industrial, public utilities, comprehensive or other purposes.

	Year Ended September 30,
	2015				2014
Cash Flows Used in Operating Activities		$	(32,349	)		$	(70,331	)
Cash Flows Provided by (Used in) Investing Activities			-				-
Cash Flows Provided by Financing Activities			-				100,000
Net Increase (decrease) in Cash During Period		$	(32,349	)		$	29,669

Table of Contents

~~Cash~~On ~~Flows~~October ~~from~~22, ~~Operating~~2001, ~~Activities~~the Ministry of Land and Resources promulgated the Catalogue of Allocated Land, according to which, for infrastructure facilities projects, such as energy, transportation and water resources heavily supported by the State, the land use rights may be allocated; for the infrastructure facilities projects, such as energy, transportation and water resources which are aimed at profit-making and not heavily supported by the State, land use rights shall be supplied for value.

WeOn ~~have~~March ~~not~~16, ~~generated~~2007, ~~positive~~the ~~cash~~National ~~flow~~People’s ~~from~~Congress ~~operating~~promulgated ~~activities. For~~ the ~~year~~Properties ~~ended~~Rights ~~September~~Law ~~30,~~of ~~2015,~~China ~~cash~~effective ~~used~~from inOctober ~~operating activities was $32~~1,~~349~~ ~~consisting of a net loss of $61~~2007,~~748~~ which ~~was~~stipulates ~~reduced~~that bythe aconstruction ~~reduction~~land inuse ~~accounts~~rights ~~receivable~~may ~~and restricted~~only ~~cash of~~be ~~$2,924,~~created ~~solely~~through bygrant ~~proceeds~~or ~~received~~allocation. ~~from~~For ~~restricted~~land ~~cash~~used offor $2industrial,~~924, and~~ ~~an increase in accounts payable of $599~~business, ~~and~~entertainment ~~was~~or ~~increased~~commercial byresidential ~~an increase in prepaid expenses of $9~~purposes,~~610.~~ ~~For~~ the ~~year~~construction ~~ended~~land ~~September~~use ~~30,~~rights ~~2014,~~must ~~cash~~be ~~used~~granted inby ~~operating~~means ~~activities was $70,331 consisting~~ of apublic ~~net loss of $74~~tender,~~962~~ ~~and~~auction ~~was~~or ~~increased~~listing-for-sale. byTo ancreate ~~increase~~the inconstruction ~~accounts~~land ~~receivable~~rights ~~and~~through ~~restricted~~allocation ~~cash,~~is ~~solely~~stringently ~~from~~restrained. anFor ~~increase~~adopting insuch ~~restricted~~means ~~cash~~ of $3allocation,~~720,~~ ~~and~~the ~~reduced~~provisions byon aland ~~decrease~~uses in ~~prepaid~~the ~~expenses~~laws ~~of $3,850~~ and anadministrative ~~increase~~regulations inmust ~~accounts~~be ~~payable of $4,501~~observed.

~~Cash~~On ~~Flows~~January ~~from~~3, ~~Investing~~2008, ~~Activities~~the State Council promulgated the Notice of the State Council Regarding Promoting Saving and Intensive Use of Land, according to which, except for the lands used for military, social security housing and special purposes, it is promoted that the use of land for governmental offices, transportation, energy, water resources and other infrastructures (industries) shall be compensated. In particular, the compensated use of land should be applied to those lands used for commercial purposes firstly. As a result, we expect to be required to pay compensation for some or all of the allocated land occupied by our hydroelectric power projects.

~~From~~On ~~inception~~March ~~(August~~5, 72011, the State Council issued the Regulations on Land Reclamation, which was effective on the same date. On December 27, 2012, the Ministry of Land and Resources promulgated Measures for the Implementation of the Regulation on Land Reclamation, which is effective from March 1, 2013). According to ~~September~~the 30regulations and its implementation measures, ~~2015~~“land reclamation” means the activities of adopting rectification measures on land damaged by production or construction activities or natural disasters to restore the land to usable condition. With respect to reclaiming the land, ~~we did~~the ~~not~~land ~~use~~damaged ~~any~~by ~~cash~~production ~~for~~or ~~investing~~construction activities shall be reclaimed by the production or construction entity according to the principle of “reclamation by the party causing the damage”. The party responsible for rehabilitating the land shall submit the land reclamation plan together with the other relevant materials when filing an application for construction land or mining rights. If such party fails to prepare the land reclamation plan or the land reclamation plan fails to meet the relevant requirements, the application will be denied.

~~Cash~~Regulations ~~Flows~~on ~~from Financing Activities~~Construction

WePursuant ~~have~~to ~~financed~~the ~~our~~Construction ~~operations~~Law, effective from ~~the~~March ~~issuance~~1, of1998 ~~equity.~~and ~~For~~amended ~~the~~on ~~year~~April ~~ended~~22, ~~September~~2011 30with effect from July 1, ~~2015~~2011, weprior ~~did~~to ~~not~~the ~~generate~~start ~~any~~of ~~cash~~construction ~~from~~projects, ~~financing~~project ~~activities.~~owners ~~For~~must, ~~the~~in ~~year~~accordance ~~ended~~with ~~September~~relevant ~~30,~~provisions ~~2014~~of the State, weapply ~~generated~~to ~~$70,000~~competent ~~from~~construction administrations at or above the ~~issuance~~county level of ~~7,000,000~~the ~~shares~~place ofwhere ~~our~~the ~~common~~project ~~stock~~is ~~during~~to ~~September~~be ~~2014~~located ~~and~~for ~~$30~~construction permits,~~000~~ ~~from~~except ~~the~~for ~~short-term~~small ~~loan~~projects ~~from~~below a ~~related~~value ~~party~~set by the competent construction administration of the State Council.

~~Going~~Regulation ~~Concern~~of Power

~~Our~~The ~~auditors~~Electric ~~have~~Power ~~issued~~Law, awhich ~~going~~became ~~concern~~effective ~~opinion. This~~on ~~means~~April ~~that~~1, ~~there~~1996, isRegulation ~~substantial doubt that we can continue as an~~ on~~-going~~ ~~business for~~ the ~~next~~Administration ~~twelve~~of ~~months~~Electric ~~unless~~Power weDispatch ~~obtain additional capital~~ to ~~pay~~Networks ~~for~~and ~~our~~grids ~~expenses. This~~effective ison ~~because~~November we1, ~~have~~1993 ~~generated limited revenues~~ and ~~have~~the ~~operating~~Regulations ~~losses~~on ~~since~~Electric ~~inception.~~Power ~~There~~Supervision ~~are~~and noAdministration, ~~assurances~~which ~~that~~became weeffective ~~will~~on beMay ~~able~~1, to2005, ~~obtain~~set ~~additional~~out ~~financing~~the ~~through~~regulatory ~~either~~framework ~~private~~of ~~placements,~~the ~~and/or~~power ~~bank~~industry ~~financing~~in orChina. ~~other~~Pursuant ~~loans necessary~~ to ~~support~~this ~~our~~framework ~~working capital requirements. To~~ the ~~extent~~on-grid ~~that~~tariffs ~~funds~~are ~~generated~~approved ~~from operations~~ and ~~any~~supervised ~~private~~by ~~placements~~China government, ~~public offerings~~ and~~/or~~ ~~bank~~all ~~financing~~power ~~are~~projects ~~insufficient,~~in weChina ~~will~~are ~~have~~subject to ~~raise~~the ~~additional~~dispatch ~~working~~of ~~capital. No~~the ~~assurance~~power ~~can~~they beproduce ~~given~~by ~~that~~power ~~additional~~grid ~~financing~~companies ~~will~~assigned ~~be available, or if available, will be on terms acceptable~~ to usthem.

9Regulation of On-grid Tariffs

~~Table~~On February 10, 2002, the State Council promulgated the Issuance of ~~Contents~~the Reform Plan for the Electric Power System Circular, according to which, in the long-term on-grid tariff will be gradually determined by market competition.

~~Application~~On April 6, 2007, the General Office of ~~Critical~~the ~~Accounting~~State ~~Policies~~Council issued the Opinions on Implementing Further Reform in Electric Power Industry during the “Eleventh Five-year Plan” Period, which confirms, among other things, the continuance of further reform of tariff, establishment of the formation system of on-grid tariff corresponding to the competition in power generation segment, execution of the tariff policies favorable to energy saving and environmental protection, and full implementation of the tariff scheme stimulating the development of clean energy.

~~Our~~12 ~~financial~~Table statements and accompanying notes are prepared in accordance with generally accepted accounting principles used in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financials.Contents

~~Cash~~The Electric Power Law, effective from April 1, 1996, provides the general principles for determining tariffs, which are intended to include reasonable compensation for costs, a reasonable profit and ~~Cash~~tax, ~~Equivalents~~to share expenses fairly and to promote the construction of power projects.

~~Cash~~In ~~and~~April ~~cash~~23, ~~equivalents~~2001, ~~include~~the ~~cash~~former inState ~~banks,~~Development ~~money~~and ~~market~~Planning ~~funds~~Commission, ~~and~~the ~~certificates~~predecessor ofto ~~term~~the ~~deposits~~National ~~with~~Development ~~maturities~~and ofReform ~~less~~Commission, ~~than~~issued ~~three~~a ~~months~~notice ~~from~~containing ~~inception,~~guidelines ~~which~~for ~~are~~tariff ~~readily~~administration. ~~convertible~~Pursuant to ~~known~~the ~~amounts~~notice, ofa ~~cash~~new ~~and~~on-grid ~~which~~tariff-setting mechanism, inbased on the ~~opinion~~operating term of ~~management,~~power ~~are~~stations ~~subject~~as towell anas ~~insignificant~~the ~~risk~~average costs of ~~loss~~comparable inadvanced ~~value. The~~power ~~Company~~stations ~~had~~adopting ~~$1,317~~the ~~and~~same ~~$33,666~~type inof ~~cash~~techniques ~~and~~that ~~cash~~were ~~equivalents~~constructed asduring atthe ~~September~~same ~~30,~~period ~~2015~~within ~~and~~the ~~2014~~same provincial power grid, ~~respectively~~was gradually implemented.

~~Financial~~On ~~Instruments~~July 9, 2003, the State Council promulgated the Tariff Reform Scheme. In accordance with the Tariff Reform Scheme, the direction of the reform of the on-grid tariff is to introduce a competitive mechanism in all respects and the tariff shall be set through the competition of supplying and demanding parties. During the transition period, the on-grid tariff is mainly implemented by a two-part tariff system, among which, capacity tariff shall be set by the government and the energy tariff shall be set by market competition. Competitive bidding for a portion of the energy tariff and other transition methods may also be adopted according to actual situations.

~~The~~On ~~Company~~March ~~follows ASC 820~~28,~~"Fair~~ ~~Value Measurements and Disclosures~~2005," ~~which defines fair value as~~ the ~~exchange~~National ~~price~~Development ~~that~~and ~~would~~Reform beCommission ~~received~~issued ~~for an asset or paid to transfer a liability (an exit price) in~~ the ~~principal~~Interim orMeasures ~~most~~on ~~advantageous~~Regulation ~~market~~of ~~for~~On-grid ~~the~~Tariff, ~~asset or liability in an orderly transaction between market participants on~~ the ~~measurement~~Interim ~~date.~~Measures ~~ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based~~ on ~~market~~Regulation ~~data~~of ~~obtained~~Transmission ~~from~~and ~~independent~~Distribution ~~sources~~Tariff, ~~(observable inputs)~~ and ~~(2)~~the anInterim ~~entity's~~Measures ~~own assumptions about market participant assumptions developed based~~ on ~~the~~Regulation ~~best information available in the circumstances (unobservable inputs). The fair value hierarchy consists~~ of ~~three~~End-user ~~broad levels~~Tariff, ~~which gives the highest priority~~ to ~~unadjusted~~provide ~~quoted~~guidance ~~prices in active markets~~ for ~~identical assets or liabilities (Level 1) and~~ the ~~lowest~~reform ~~priority to unobservable inputs (Level 3). The three levels~~ of the ~~fair~~tariff-setting ~~value~~mechanism ~~hierarchy~~in ~~are~~the ~~described~~transition ~~below:~~period.

~~Level~~The 1National Development and Reform Commission issued the Trial Measures for the Administration of the Tariff of, and the Sharing of Costs in Connection with, Power Generation Using Renewable Energy Resources, or the Trial Measures, on January 4, 2006, however, the Trial Measures explicitly stipulate that the mechanism for setting the tariff after tax for hydroelectricity be in accordance with prevailing regulations for the time being.

~~Level~~On July 25, 2007, the State Electricity Regulatory Commission promulgated the Supervision and Administration Measures on the Full Purchase of Electricity of Renewable Energy Resources by Grid Enterprises effective from September 1, ~~applies~~2007. toThe ~~assets~~Measures provide that except for large or ~~liabilities~~medium hydroelectric power projects, renewable energy power generators will not participate in competitive bidding for ~~which~~on-grid ~~there~~tariffs. If hydropower generators with the electricity fully purchased by grid companies are ~~quoted~~engaged ~~prices~~in any transaction in ~~active~~the ~~markets~~power ~~for~~market, ~~identical~~they ~~assets~~shall orcomply ~~liabilities~~with relevant rules and regulations of the State Electricity Regulatory Commission.

~~Level~~Regulation 2of Distributed Power Generation

~~Level~~On 2July ~~applies~~18, to2013, ~~assets~~the orInterim ~~liabilities~~Measures ~~for~~on ~~which~~Distributed ~~there~~Power ~~are~~Generation ~~inputs~~(“the ~~other~~Interim ~~than~~Measures”) ~~quoted~~was ~~prices~~issued ~~that~~by ~~are~~the ~~observable~~National Development and Reform Commission for the ~~asset~~purpose orof ~~liability~~encouraging ~~such~~enterprises, asprofessional ~~quoted~~resource ~~prices~~service ~~for~~companies ~~similar~~and ~~assets~~individuals orto ~~liabilities~~invest in ~~active~~and ~~markets;~~to ~~quoted~~operate ~~prices~~distributed ~~for~~power ~~identical~~generation ~~assets~~projects orby ~~liabilities~~exempting inthe ~~markets~~electric ~~with~~power ~~insufficient~~business ~~volume~~permits orof ~~infrequent~~the ~~transactions~~distributed ~~(less~~power ~~active~~generation ~~markets);~~projects. orThe ~~model~~distributed power generation applies to the small-~~derived~~size ~~valuations~~hydroelectric inpower ~~which~~plants ~~significant~~with ~~inputs~~total ~~are~~installed ~~observable~~capacity orof ~~can~~no bemore ~~derived~~than ~~principally~~50 ~~from~~MW. In accordance with the Interim Measures, orpower ~~corroborated~~grid byenterprises shall simplify the procedures of grid-connected application and provide consulting, ~~observable~~moderating ~~market~~and ~~data~~grid-connected testing service for the distributed power generation connected with the distribution network of no more than 35KV. As for the small-size hydroelectric power plants and other distributed power generation connected with the distribution network of no more than 35KV, the power grid enterprises shall manage the grid connection work based on the principle of convenience and efficiency.

~~Level~~Regulation 3of Power Dispatch

~~Level~~On 3November ~~applies~~1, to1993, ~~assets~~the orRegulations ~~liabilities~~on ~~for~~the ~~which~~Administration ~~there~~of ~~are~~Electric ~~unobservable~~Power ~~inputs~~Dispatch to Networks and Grids, or the ~~valuation~~Dispatch ~~methodology~~Regulations, ~~that~~became ~~are~~effective. ~~significant~~The Dispatch Regulations apply to ~~the~~all ~~measurement~~power ofprojects ~~the~~in ~~fair~~China ~~value~~and ofrequire ~~the~~them ~~assets~~to orgenerate ~~liabilities~~power in accordance with their grid connection agreements.

~~The~~On ~~Company's~~August ~~financial~~2, ~~instruments~~2007, ~~consist~~the ~~principally~~State Council approved the Measures on Dispatch of ~~cash~~Energy ~~and~~Saving ~~restricted~~Power ~~cash~~Generation (For Trial Implementation), ~~prepaid~~or ~~expense~~the Trial Dispatch Measures, ~~and~~jointly ~~accounts~~issued ~~payable~~by the National Development and ~~accrued~~Reform ~~liabilities~~Commission, the State Electricity Regulatory Commission, the former State Environmental Protection Bureau, the predecessor of the Ministry of Environmental Protection and ~~amounts~~Office ~~due~~of tothe ~~related~~National ~~parties~~Energy Leading Group. Pursuant to ~~ASC~~the ~~820~~Trial Dispatch Measures, the ~~fair~~dispatch ~~value~~priority of ~~the~~power ~~Company's~~generation ~~cash~~units is determined ~~based~~in onthe ~~"Level~~following 1"sequence: ~~inputs,~~(a) non-adjustable power generation units utilizing renewable energy (including hydraulic energy); (b) adjustable power generation units utilizing renewable energy (including hydraulic energy) and garbage generator units which ~~consist~~meet the requirements of ~~quoted~~environmental ~~prices~~protection; in(c) ~~active~~nuclear ~~markets~~power ~~for~~generation ~~identical~~units; ~~assets.~~(d) ~~The~~coal- ~~Company~~fired ~~believes~~heat-load ~~that~~based ~~the~~CHP ~~recorded~~units ~~values~~and ofmultiple ~~all~~resource ofpower ~~the~~generation ~~Company's~~units; ~~other~~(e) ~~financial~~gas-fired ~~instruments~~power ~~approximate~~generation ~~their~~units; ~~current~~(f) ~~fair~~coal-fired ~~values~~power ~~because~~generation ofunits, ~~their~~including ~~nature~~cogeneration units without heat load; and ~~respective~~(g) ~~maturity~~oil-fired ~~dates~~power orgeneration ~~durations~~units.

~~Revenue~~13 ~~Recognition~~Table of Contents

The ~~Company~~Provisions ~~recognizes revenue when it is earned and realizable based~~ on the ~~following~~Administration ~~criteria:~~of ~~persuasive~~Electric ~~evidence~~Power ~~that~~Business ~~an arrangement exists, services have been rendered, the price is fixed or determinable and collectability is reasonably assured.~~Permits

10On October 13, 2005, the State Electricity Regulatory Commission promulgated the Provisions on the Administration of Electric Power Business Permits, which came into effect on December 1, 2005. Pursuant to this regulation, public power projects, grid-connected self-provided power projects, and other projects as prescribed by the State Electricity Regulatory Commission shall apply for and procure power generation permits. The enterprises failing to obtain power generation permits and illegally conducting power business shall be ordered to obtain the permits and any illegal income shall be forfeited, with fines up to five times the illegal income being imposed. If a crime is constituted, criminal liability shall arise.

~~Table~~Regulations Relating to Transfer of ~~Contents~~State-Owned Assets

~~Recent~~Under ~~Accounting~~the ~~Pronouncements~~Interim Measures for the Management of the Transfer of State-owned Assets of Enterprises, or the Interim Measures, jointly promulgated by the State-owned Assets Supervision and Administration Commission of the State Council, and the Ministry of Finance, with the effective date on February 1, 2004, the transfer of state-owned assets can be carried out by auction, bidding, agreement or other means that are permitted under the PRC laws and regulations. A seller of state-owned assets must appoint an asset valuation institution to evaluate the to-be-transferred assets and the valuation report, after being confirmed by or filed with relevant authority in charge of state-owned assets administration, shall be referenced to determine the transfer price. In case the transfer price is lower than 90% of the valuation result, the transaction shall be suspended and shall not proceed until being approved by relevant approval authorities.

~~Management~~On ~~has~~December ~~considered~~31, ~~all~~2006, ~~recent~~the ~~accounting~~State-owned ~~pronouncements~~Assets Supervision and Administration Commission and the Ministry of Finance jointly issued the Circular on Some Issues Relevant to the Transfer of State-owned Assets of Enterprises, or the Circular. ~~The~~Pursuant ~~Company’s~~to ~~management~~the ~~believes~~Circular, ~~that~~the ~~these~~state-owned ~~recent~~assets ~~pronouncements~~are ~~will~~permitted ~~not~~to ~~have~~be atransferred ~~material~~over ~~effect~~the oncounter only under the ~~Company’s~~following ~~financial~~two ~~statements.~~(2) circumstances with the approval of the State-owned Assets Supervision and Administration Commission or the State-owned Assets Supervision and Administration Commission offices at provincial level and at the set price:

~~Off-Balance~~(1) ~~Sheet~~Where ~~Arrangements~~there are special requirements on the transferee in the restructuring of the key industries and sectors of national economy; or

We(2) doWhere ~~not~~the ~~have~~direct ~~any~~transfer ~~off-balance~~by ~~sheet~~agreement ~~arrangements~~is ~~that~~necessary ~~have,~~in orthe ~~are~~internal ~~reasonably~~assets ~~likely~~reorganization toof ~~have,~~the ainvested ~~current~~enterprises orthat ~~future~~is ~~effect~~the onenterprises ~~our~~supervised ~~financial~~by ~~condition,~~relevant ~~changes~~state-owned inassets ~~financial~~regulatory ~~condition,~~authorities ~~revenues~~as orthe ~~expenses~~investors, ~~results~~and ofthe ~~operations,~~transferor ~~liquidity,~~and ~~capital~~the ~~expenditures~~transferee should both be the invested enterprises or ~~capital~~their ~~resources~~wholly ~~that~~invested ~~are~~or ~~material~~absolutely tocontrolled ~~investors~~enterprises.

~~Item~~According 7Ato the Circular, in the event that the proposed state-owned assets are to be transferred to a foreign investor, such transfer shall proceed publicly in a related assets exchange market. ~~Quantitative~~ If the agreement must necessarily be conducted by agreement, the requirements on transfer by agreement specified by the Interim Measures and ~~Qualitative~~the ~~Disclosures~~Circular ~~About~~shall ~~Market~~be ~~Risk~~all satisfied. If the foreign investors are potential transferees and the target assets belong to the sectors in which foreign capital is restricted or forbidden to be invested in accordance with the Catalogue for the Guidance of Foreign Investment Industries and other applicable PRC laws and regulations, the transferor shall indicate the relevant information publicly to remind the potential transferees. If a foreign investor becomes the transferee in the assets exchange market, the transferor shall obtain approval from relevant governmental authorities in accordance with applicable laws and regulations.

~~Not~~Regulations ~~applicable.~~on the Safety Management of the Hydroelectric Power Plants

11On November 29, 2013, the Ministry of Water Resource issued the “Urgent Notice on the Safety Management of the Hydroelectric Power Plants”. In accordance with the notice, the hydroelectric power plants shall check the hidden dangers, establish safety management system and liability system, enhance the relevant safeguard measures and deliver the information in time in case of emergency.

~~Table~~Regulations ofon ~~Contents~~Environmental Protection in Construction Projects

~~Item~~All 8hydropower stations in China are subject to the Environmental Protection Law, the Environmental Impact Evaluation Law, the Law on the Prevention and Treatment of Water Pollution, the Law on the Prevention and Treatment of Air Pollution and the Law on Ocean Environment Protection, or collectively, the National Environmental Laws, relevant administrative regulations, ministerial rules and the environmental rules promulgated by the local governments in which jurisdictions the hydropower stations are located. ~~Financial~~ ~~Statements~~According to the National Environmental Laws, the State Environmental Protection Administration, the predecessor of the Ministry of Environmental Protection, sets national pollutants emission standards and ~~Supplementary~~provincial ~~Data~~governments may set their local standards for the pollutant emission not specified in the national standards, and set stricter local standards which are required to be filed at the State Administration for Environmental Protection, the predecessor of the Ministry of Environmental Protection. Enterprises discharging pollutants in areas where the local standards for pollutant emission have been set shall observe such local standards.

~~AXIOM~~14 ~~HOLDINGS,~~Table ~~INC.~~of Contents

~~(Formerly~~Pursuant ATto ~~PLAY~~the ~~VACATIONS~~Environmental Impact Evaluation Law promulgated on October 28, ~~INC~~2002, the Administrative Rules on Environmental Protection of Construction Projects promulgated on November 29, 1998, and Administrative Measures on Environmental Protection Acceptance upon Completion of Construction Projection promulgated on December 27, 2001, enterprises are required to engage qualified and certified institutions to provide environmental impact evaluations on construction projects and to prepare environmental impact assessments.) Construction of any new hydroelectric power project or expansion of an existing hydroelectric power project may only commence after such an assessment is submitted to and approved by the relevant environmental protection administrative authority.

~~INDEX~~According TOto ~~AUDITED~~the ~~CONSOLIDATED~~Classified ~~FINANCIAL~~Directory ~~STATEMENTS~~for Environmental Protection and Administration of Construction Projects, promulgated on September 2, 2008 by the Ministry of Environmental Protection and effective on October 1, 2008, the construction of hydroelectric power projects are required to prepare environmental impact assessment forms except for those with total installed capacity of 1,000.0KW or above, pumped storage power stations and hydroelectric power projects in environmental sensitive areas being required to prepare environmental impact assessment reports. In accordance with the Environmental Impact Evaluation Law, construction of any hydropower station is prohibited without the approval of the relevant government authorities of such environmental report or form and the related underlying documents if construction of a hydropower station occurs without such governmental approval, whether by failing the evaluation or not applying for an evaluation, then the relevant enterprise will be ordered to cease construction and be subject to making up relevant procedures within a prescribed time period with the relevant environmental protection administrative authorities. Enterprises that fail to complete such formal procedures within the prescribed time may be fined, and the management and other personnel with direct responsibility for the enterprise are subject to administrative penalties. The National Environmental Laws generally impose discharge fees for polluting substances, and provide for possible closure by the central or local government of any enterprise which fails to comply with orders requiring it to cease or rectify the activities causing environmental damage.

~~FOR~~In ~~THE~~accordance ~~YEARS~~with ~~ENDED~~the ~~SEPTEMBER~~Administrative 30Rules on Environmental Protection of Construction Projects, ~~2015~~the ~~AND~~Administrative ~~2014~~Measures on the Completion Acceptance of Environmental Protection of the Construction Projects and other relevant regulations, each hydroelectric power project must be tested and approved by local environmental agencies before commissioning, and is subject to continuous government monitoring after commissioning. After the completion of the construction of the hydroelectric power project, it must apply for completion acceptance of environmental protection.

	Page
Report of Independent Registered Public Accounting Firm	13
Consolidated Balance Sheets	14
Consolidated Statements of Operations	15
Consolidated Statement of Stockholders' Equity (Deficit)	16
Consolidated Statements of Cash Flows	17
Notes to the Audited Financial Statements	18

On December 29, 2011, the Ministry of Environment Protection issued the Notice on Strengthening Environment Impact Assessment in Southwestern China (the “Notice”), which became effective on the same date of its issuance. According to the Notice, the acceptance for approving environmental assessment documents for hydroelectric constructing projects shall be supported by an investigative opinion on the environment impact assessment of the development plan for the river valleys where such projects are located. With respect to the river valleys with prior development history, if no environment impact assessment on the development plan is available, submission of environmental assessment documents for the hydroelectric construction projects must be supported by retrospective researches on the environment impact assessment of the development.

12The Law of Energy Conservation of China

~~Table~~On October 28, 2007, the Standing Committee of ~~Contents~~the National People’s Congress adopted amendments to the Law of Energy Conservation, which sets forth policies to encourage energy conservation in industrial sector, buildings, transportation, public institutions and key energy consumption entities. The amendments also seek to develop small hydroelectric power generation plants based on the principle of scientific planning and orderly development.

~~REPORT~~Regulations OFon ~~INDEPENDENT~~Water ~~REGISTERED~~and ~~PUBLIC~~Soil ~~ACCOUNTING FIRM~~Conservation

ToOn June 29, 1991, the ~~Board~~Law of ~~Directors~~Water and Soil Conservation was promulgated, which was amended on December 25, 2010 with effect from March 1, 2011. On August 1, 1993, the Implementation Regulations on the Law of Water and Soil Conservation were issued, which were amended on December 29, 2010 with effect from January 8, 2011. In accordance with these regulations, when launching a construction project that may result in water and soil loss in mountainous areas, upland areas, and sandy areas with high wind or any other area specified in the water and soil conservation plan prone to water and soil loss, the construction entity shall compile a water and soil conservation scheme and submit it to the water resources authority of the people’s government at or above the county level for approval. Facilities for water and soil conservation shall be designed, constructed and put into operation simultaneously with the principal part of the construction project and subject to the completion acceptance by relevant governmental authorities, including the water resources authority, before the construction project is put into production. Enterprises shall in the course of construction and production adopt water and soil conservation measures and shall be liable to the control of any loss of water and soil. In case commencing the construction of a construction project, which is required to compile a water and soil conservation scheme, without such scheme or without procuring the approval for such scheme, the water resources authority of the people’s government at or above the county level shall order the construction entity to cease the illegal act and go through the relevant formalities within the prescribed time limit; if it fails to do so, a fine up to CNY500,000 shall be imposed upon; and disciplinary actions shall be taken against the directly liable person in charge and other directly liable persons of the production or construction entity according to law. Where any entity puts a construction project into operation without going through completion acceptance of facilities for water and soil or failing to pass such completion acceptance, the water resources authority of the people’s government at or above the county level shall order it to cease production or use until the completion acceptance is passed, and a fine up to CNY500,000 shall be imposed upon.

~~Axiom~~15 ~~Holdings,~~Table ~~Inc.~~of ~~(Formerly At Play Vacations, Inc.)~~Contents

WeOn ~~have~~January ~~audited~~29, 2014, the ~~accompanying~~National ~~balance~~Development ~~sheets~~and ofReform ~~Axiom Holdings~~Commission, ~~Inc.~~the ~~(Formerly~~Ministry Atof ~~Play Vacations~~Finance, ~~Inc.)~~the asMinistry of ~~September~~Water ~~30,~~Resources ~~2015~~ and ~~2014~~the ~~and~~People’s Bank of China jointly issued the ~~related~~Administrative ~~statements~~Measures for the use of ~~income,~~the ~~stockholders’~~compensation ~~equity~~fees ~~(deficit),~~for water and ~~cash~~soil ~~flows~~conservation. The enterprises and individuals shall be obligated to the compensation fees for ~~each~~water ofand soil conservation for the ~~years~~construction projects conducted in the ~~two-year~~mountainous ~~period~~area, ~~ended~~hilly ~~September 30~~area, ~~2015~~the windy desert region and ~~2014.~~the ~~Axiom~~other ~~Holdings,~~regions ~~Inc.’s~~liable ~~(Formerly~~to Atthe ~~Play~~water ~~Vacations,~~and ~~Inc.)~~soil ~~management~~loss, iswhich ~~responsible~~will ~~for~~result ~~these~~in ~~financial~~the ~~statements.~~unrecoverable ~~Our~~water ~~responsibility~~and issoil toconservation ~~express~~capability. anThe ~~opinion~~compensation onfees ~~these~~shall ~~financial~~be ~~statements~~charged one-time based on ~~our~~the ~~audits~~area of the occupied land.

WeRegulations conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on ~~the~~Water effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.Drawing

InAccording ~~our~~to ~~opinion~~the Water Law, ~~the~~which ~~financial~~was ~~statements~~promulgated ~~referred~~by tothe ~~above~~Standing ~~present~~Committee ~~fairly,~~of inthe ~~all~~National ~~material~~People’s ~~respects~~Congress on August 29, ~~the~~2002 ~~financial~~and ~~position~~took ofeffect ~~Axiom~~on ~~Holdings~~October 1, ~~Inc.~~2002, ~~(Formerly~~any Atlegal ~~Play~~entity ~~Vacations,~~or ~~Inc.)~~individual asdrawing ofwater ~~September~~directly 30from rivers, ~~2015~~lakes ~~and~~or ~~2014~~underground ~~and~~shall apply to the ~~results~~water ofadministrative ~~its~~departments ~~operations~~or ~~and~~the ~~its~~drainage ~~cash~~management ~~flows~~departments for ~~each~~a ofWater Drawing Permit and pay the ~~years~~water resource fees in order to obtain the ~~two-year~~water ~~period~~drawing ~~ended~~rights ~~September~~in ~~30,~~accordance ~~2015~~with the national water drawing system and ~~2014,~~the inwater ~~conformity~~resource ~~with~~fees ~~accounting~~system. ~~principles~~The ~~generally~~State ~~accepted~~Council inis responsible for stipulating the ~~United~~detailed ~~States~~rules regarding the implementation of ~~America~~the Water Drawing Permit system and the collection of water resource fees.

~~The~~On ~~accompanying~~February ~~financial~~21, ~~statements~~2006, ~~have~~the ~~been~~State ~~prepared~~Council ~~assuming~~promulgated ~~that~~ the ~~Company~~Administrative ~~will~~Regulations ~~continue~~on asWater-drawing aPermits ~~going~~and ~~concern.~~the AsCollection ~~discussed~~of inWater ~~Note~~Resource 3Fees, toor the ~~financial~~Water ~~statements~~Drawing Regulations, aseffective offrom ~~September~~April 3015, ~~2015,~~2006. Pursuant to the ~~Company~~Water ~~has~~Drawing aRegulations, ~~net~~any ~~loss~~entity ~~from~~or ~~operations~~individual ~~and~~that ~~accumulated~~draws ~~losses~~water ~~which~~resources ~~raises~~shall, ~~substantial~~other ~~doubt~~than ~~about~~for ~~its~~the ~~ability~~exceptions toprescribed ~~continue~~in asthe aWater ~~going~~Drawing ~~concern.~~Regulations, ~~Management’s~~apply ~~plans~~for ~~concerning~~a ~~these~~Water ~~matters~~Drawing ~~are~~Permit ~~also~~and ~~described~~pay inwater ~~Note~~resource 3fees. ~~The~~Absence ~~financial~~of ~~statements~~the dowater ~~not~~drawing ~~include~~permit ~~any~~or ~~adjustments~~failure ~~that~~to ~~might~~obtain such a permit may result ~~from~~in the ~~outcome~~forced cessation of ~~this~~the ~~uncertainty~~water drawing activity, the requirement of immediate remediation and/or the imposition of fines.

~~/s/~~The ~~Sadler,~~Water ~~Gibb~~Drawing &Regulations ~~Associates~~also provide that a water-drawing entity or individual shall pay water resource fees. A water-drawing entity or individual shall draw water according to the government-approved annual water drawing plan. For water drawing exceeding the plan or quota, ~~LLC~~water resource fees shall be charged progressively on the excess.

~~Salt~~In ~~Lake~~accordance ~~City~~with the Water Drawing Regulations, UTthe amount of water resource fees due shall be determined based on the levy standard of water resource fees at the locality of the water intake and the actual volume of water for drawing. As for water drawing for the purpose of hydroelectric power generation, the amount of water resource fees due may be determined based on the levy standard of water resource fees at the locality of the water intake and the actual quantity of electricity generated. When a water drawing entity or individual refuses to pay, delays, or otherwise defaults on the payment of water resource fees, the entity or individual will be subject to the penalties prescribed under the Water Law.

~~January~~On 20April 9, ~~2015~~2008, the Ministry of Water Resources promulgated the Measures for Administration of Water Drawing Permits, or the Water Drawing Permit Measures. Under the Water Drawing Permit Measures, for construction projects which need to apply for water drawing, the applicant shall entrust an organization with corresponding qualification to prepare a Construction Project Water Resources Analysis Report. For construction projects which draw a comparatively low volume of water and have a comparatively small impact on the surrounding environment, the applicant may be exempted from complying with the requirement to prepare a Construction Project Water Resources Analysis Report but should fill out a Construction Project Water Resources Analysis Form. The applicant should submit the application documents to the relevant authority for obtaining the Water Drawing Permit after the construction of the water-drawing project or facility has been completed and its trial operation has lasted for 30 days.

13On November 10, 2008, the Ministry of Finance, the National Development and Reform Commission and the Ministry of Water Resources jointly issued the Administrative Measures on the Collection and Use of Water Resource Fees, or the Water Resource Fees Measures, effective from January 1, 2009. In accordance with the Water Resource Fees Measures, the water resource fees shall be levied on a monthly basis. A water-drawing entity or individual shall submit the volume of water drawn (or the quantity of electricity generated) to the competent water resources authority in charge of collection of water resource fees on a monthly basis and shall make payment of water resource fees within seven days after receiving the Water Resource Fees Payment Notice sent by the competent water resources authority in charge of collection of water resource fees. The Water Resource Fees Measures further clarify that the levy standard of water resource fees shall be set by the National Development and Reform Commission jointly with the Ministry of Finance and the Ministry of Water Resources with respect to the water conservancy projects directly under the administration of the PRC central government or covering different provinces, autonomous regions, or municipalities directly under the PRC central government whose water drawing shall be subject to examination and approval of the drainage area management authority. In addition, the Water Resource Fees Measures stipulate that the levied water resource fees are to be exclusively used for water conservation protection and management, as well as the reasonable development of water resources.

16 Table of Contents

~~AXIOM~~Regulations ~~HOLDINGS,~~on ~~INC.~~Renewable ~~(Formerly~~Energy ~~AT PLAY VACATIONS, INC.) Consolidated Balance Sheets~~Resources

	As of September 30,			As of September 30,
	2015			2014
ASSETS
Current Assets
Cash and cash equivalents	$	1,317		$	33,666
Restricted cash		796			3,720
Prepaid expenses		9,610			-
Total Current Assets		11,723			37,386
TOTAL ASSETS	$	11,723		$	37,386
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable	$	5,100		$	4,501
Deferred revenue and customer deposits		2,665			-
Due to related party		32,821			30,000
Total Current Liabilities		40,586			34,501
TOTAL LIABILITIES		40,586			34,501
Stockholders' Equity (Deficit)
Preferred stock: 50,000,000 authorized; $0.001 par value
no shares issued and outstanding		-			-
Common stock: 3,000,000,000 authorized; $0.001 par value
340,000,000 shares issued and outstanding, respectively		340,000			340,000
Capital deficiency		(230,000	)		(260,000	)
Accumulated deficit		(138,863	)		(77,115	)
Total Stockholders' Equity (Deficit)		(28,863	)		2,885
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	11,723		$	37,386

The Law of Renewable Energy Resources of China

On February 28, 2005, the Standing Committee of the National People’s Congress adopted the Law of Renewable Energy Resources, or the Renewable Energy Law, effective from January 1, 2006. On December 26, 2009, the Standing Committee of the National People’s Congress adopted an amendment to the Renewable Energy Law, which has come into effect on April 1, 2010. Pursuant to the Renewable Energy Law, the PRC government encourages the development and utilization of renewable energy resources, including the connection of renewable energy power generators to local power grids. Pursuant to the Renewable Energy Law, the PRC government implements the development and utilization of renewable energy resources by encouraging the purchase of all renewable energy generated. The ~~accompanying~~State ~~notes~~Council ~~are~~energy department, in conjunction with the national power regulatory agency and the State Council finance department, determines, in accordance with the national renewable energy development and utilization plan, the proportion of renewable energy power generation with respect to the overall generating capacity for the planning period. The grid enterprises must enter into grid connection agreements with renewable energy power generation enterprises which have procured administrative permits or have submitted filings and must purchase all hydro-produced power meeting the technical standards for grid connection within their grid coverage. Grid enterprises refusing to purchase power produced by renewable energy generators may be fined in an ~~integral~~amount ~~part~~up to double the economic loss suffered by the renewable energy generator. The Renewable Energy Law also authorizes the relevant pricing authorities to set on grid tariffs based on the principles in favor of ~~these~~promoting ~~consolidated~~the ~~financial~~utilization ~~statements~~of renewable energy and being economically reasonable, and to adjust the tariffs in accordance with the improvement of the renewable energy development and utilization technologies. However, the Renewable Energy Law also stipulates that the application of the Renewable Energy Law to hydroelectric power is guided by the department in charge of energy of the State Council and subject to the approval of the State Council. Such guidance has yet to be provided by the State Council, and in practice the local grids or relevant pricing authorities may not always follow the Renewable Energy Law when purchasing power or setting tariffs.

14The Medium and Long Term Development Plan of Renewable Energy Resources

~~Table~~In light of ~~Contents~~the rapid growth of China economy and rising consumption of energy, China government increasingly encourages the development and use of renewable energy resources. On August 31, 2007, the National Development and Reform Commission issued the Medium and Long Term Development Plan of Renewable Energy Resources, or the Medium and Long Term Development Plan. According to the Medium and Long Term Development Plan, the share of the development and use of renewable energy accounted for 7.5% of the primary energy consumption in 2005. It aims to have the consumption of renewable energy reach 10.0% of the total energy consumption by 2010, and 15.0% by 2020.

~~AXIOM~~The ~~HOLDINGS,~~Guiding ~~INC.~~Catalogue ~~(Formerly~~for ATthe ~~PLAY~~Development ~~VACATIONS,~~of ~~INC.)~~Renewable ~~Consolidated~~Energy ~~Statements~~Resources ~~of Operations~~Industry

	Year Ended
	September 30,
	2015			2014
Revenues	$	22,310		$	45,476
Cost of sales		(9,936	)		(23,132	)
Gross Profit		12,374			22,344
Operating Expenses
Selling, general and administrative		24,741			73,214
Professional		49,381			24,092
Total operating expenses		74,122			97,306
Loss from operations		(61,748	)		(74,962	)
Provision for income taxes		-			-
Net loss	$	(61,748	)	$	(74,962	)
Basic and dilutive loss per common share	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding		340,000,000			312,984,800

On November 29, 2005, in accordance with the Renewable Energy Law, the National Development and Reform Commission promulgated the Guiding Catalogue for the Development of Renewable Energy Resources Industry, or the Guiding Catalogue. Grid-connected hydroelectric power projects are included in the Guiding Catalogue. In accordance with relevant provisions of the Renewable Energy Law, financial institutions may provide preferential loans with interest subsidies to the development and utilization projects relating to renewable energy resources which are included in the Guiding Catalogue and satisfy the credit requirements. In addition, the Guiding Catalogue contains two categories of hydropower and four categories of relevant equipment manufacturing which are encouraged and shall be entitled to a series of preferential policies in the area of technology research/development, taxation, pricing, marketing/sales and import/export, the details of which shall be promulgated by the State Council. To date, the State Council has not issued any regulatory guidance to provide relevant details regarding these preferential policies. Business activities conducted by us in the development and use of hydroelectric power are encouraged by the government and we may be entitled to benefit from these preferential policies once the State Council issues detailed implementation rules.

The ~~accompanying~~Administrative ~~notes~~Regulations ~~are~~on anPower ~~integral~~Generation ~~part~~ of ~~these~~Renewable ~~consolidated~~Energy ~~financial statements.~~Resources

15On January 5, 2006, the National Development and Reform Commission promulgated the Administrative Regulations on Power Generation of Renewable Energy Resources. Pursuant to this regulation, grid operators are required to ensure renewable energy power generators are connected to their power grid.

~~Table~~The Supervision and Administrative Measures on the Full Purchase of ~~Contents~~Electricity of Renewable Energy Resources by Grid Enterprises

~~AXIOM~~On ~~HOLDINGS~~July 25, ~~INC.~~2007, ~~(Formerly~~the ATState ~~PLAY~~Electricity ~~VACATIONS,~~Regulatory ~~INC.)~~Commission ~~Consolidated~~promulgated ~~Statement~~the Supervision and Administrative Measures on the Full Purchase of ~~Stockholders'~~Electricity ~~Equity~~of ~~(Deficit)~~Renewable ~~Years~~Energy ~~Ended~~Resources by Grid Enterprises effective from September 301, ~~2015~~2007. ~~and~~This ~~2014~~regulation further stipulates the grid operators must purchase all the power generated by renewable energy power generators connected to their grid. The regulation also provides that except for large or medium sized hydroelectric power projects, renewable energy power generators do not need to participate in competitive bidding for their on-grid tariffs. This regulation also provides that power dispatch institutions must give priority to renewable power generation companies when dispatching power.

	Preferred Stock				Common Stock				Capital			Accumulated
	Shares		Amount		Shares		Amount		Deficiency			Deficit			Total
Balance, September 30, 2013		-	$	-		200,000,000	$	200,000	$	(190,000	)	$	(2,153	)	$	7,847
Stock issued for cash		-		-		140,000,000		140,000		(70,000	)		-			70,000
Net loss													(74,962	)		(74,962	)
Balance, September 30, 2014		-	$	-		340,000,000	$	340,000	$	(260,000	)	$	(77,115	)	$	2,885
Related party debt forgiven										30,000						30,000
Net loss													(61,748	)		(61,748	)
Balance, September 30, 2015		-	$	-		340,000,000	$	340,000	$	(230,000	)	$	(138,863	)	$	(28,863	)

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~~The~~We ~~accompanying~~believe ~~notes~~that we are anin ~~integral~~material ~~part~~compliance with the current government regulations discussed above. We are not subject to any admonition, penalty, investigations or inquiries imposed by any government regulators, nor are we subject to any claims or legal proceedings to which we are named as a defendant for violation of ~~these~~any ~~consolidated~~PRC ~~financial~~laws ~~statements~~and regulations.

16Employees

~~Table~~As of ~~Contents~~March 28, 2017, we had approximately 47 full time employees in the PRC. We believe we have good working relationships with our employees. We are currently not a party to any collective bargaining agreements.

~~AXIOM~~For ~~HOLDINGS~~our employees in the PRC, ~~INC.~~we ~~(Formerly~~are ATrequired ~~PLAY~~to ~~VACATIONS~~contribute a portion of their total salaries to the Chinese government’s social insurance funds, ~~INC~~including medical insurance, unemployment insurance and job injuries insurance, as well as a housing assistance fund, in accordance with relevant regulations.) ~~Consolidated~~We ~~Statements~~expect the amount of ~~Cash~~our ~~Flows~~contribution to the government’s social insurance funds to increase in the future as we expand our workforce and operations.

	Year Ended
	September 30,
	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(61,748	)	$	(74,962	)
Adjustments to reconcile net loss to net cash used in operating activities:
Expenses paid by a related party		32,821			-
Changes in operating assets and liabilities:
Accounts receivable and restricted cash		2,924			(3,720	)
Prepaid expenses and other assets		(9,610	)		3,850
Accounts payable		599			4,501
Deferred revenue and customer deposits		2,665			-
Net Cash Used in Operating Activities		(32,349	)		(70,331	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net Cash Used in Investing Activities		-			-
CASH FLOWS FROM FINANCING ACTIVITIES:
Short-term loan from related party		-			30,000
Proceeds from issuance of stock		-			70,000
Net Cash Provided By Financing Activities		-			100,000
Net increase (decrease) in cash and cash equivalents		(32,349	)		29,669
Cash and cash equivalents, beginning of year		33,666			3,997
Cash and cash equivalents, end of year	$	1,317		$	33,666
Supplemental cash flow information
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Non-cash transactions:
Related party debt forgiven to paid in capital	$	30,000		$	-

Executive Officers of the Registrant

The ~~accompanying~~following ~~notes~~table ~~are~~sets anforth ~~integral~~certain ~~part~~information, as of ~~these~~the ~~consolidated~~date ~~financial~~of ~~statements~~this annual report on Form 10-K, with respect to the executive officers of the Company.

Name	Age	Position(s) with the Company

Curtis Riley	55	Chief Executive Officer, Chief Financial Officer and Director

~~Table~~Curtis Riley. Curtis Riley is the Company’s Chief Executive Officer, Chief Financial Officer and director. Mr. Riley has served as Chief Executive Officer, Chief Financial Officer and director of ~~Contents~~the Company since October 10, 2016. With over 25 years of experience, Mr. Riley, aged 55, has been forging strategic partnerships, completing merger and acquisition transactions, and structuring large scale outsourcing arrangements in India, China, South America, and Europe. From January 2014 to January 2016, Mr. Riley was a Senior Partner with Silverbear Capital, Inc., a Hong Kong based consulting and investment banking firm. From June 2012 to January 2014, Mr. Riley was an Executive Director, Global Channels with gen-E Technologies, which created and maintained partnerships between itself and systems integrators in Asia, India and North America. From June 2011 to June 2012, Mr. Riley was the Vice President of Business Development at Allsec Technologies, a provider of business process outsourcing services including loan modifications, default services, telemarketing, customer care, and technical support. My Riley served as a Director of Jiasen International Holdings from September 2015 to May 2016. Mr. Riley received a Bachelor of Science degree in Electrical Engineering from the University of Texas, Austin in 1983. There are no other arrangements or understanding between Mr. Reilly and any other person pursuant to which Mr. Reilly was selected as a director or an officer. Mr. Reilly has no family relationships with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer. There have been no transactions, since the beginning of the Company’s last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which Mr. Riley had or will have a direct or indirect material interest.

~~AXIOM~~Available ~~HOLDINGS, INC.~~Information

We make available free of charge our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished as required by Section 13(~~Formerly~~a) ATor ~~PLAY~~15(d) ~~VACATIONS~~of the Securities Exchange Act of 1934, ~~INC~~as amended (the “Exchange Act”), through our internet website at www.axiomholdings.info as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission (“SEC”).

~~Notes~~Our ~~to the Consolidated Financial Statements~~History

~~September~~We 30were organized in Nevada on August 7, ~~2015~~2013 under the name At Play Vacations, Inc. The Company incorporated a wholly-owned subsidiary, Quality Resort Hotels, Inc. in Florida on August 8, 2013. Originally, we operated as a vacations company that booked on-line travel, offering low rates on rooms in popular resort destinations in North America in return for clients to attend marketing presentations from a local real estate developer. Our corporate headquarters were located in Punta Gorda, Florida, and ~~2014~~our initial fiscal year end was September 30.

~~NOTE~~For 1the period from inception (August 7, 2013) to September 30, 2013, we generated $10,000 from the issuance of 10,000,000 shares of common stock to our officers and directors of the Company. For the year ended September 30, 2014, we generated $70,000 from the issuance of 7,000,000 shares of our common stock during September 2014 and $ 30,000 from the short- ~~ORGANIZATION~~term ~~AND~~loan ~~DESCRIPTION~~from OFa ~~BUSINESS~~related party.

~~Axiom~~18 ~~Holdings,~~Table Inc. (the "Company") is a Nevada corporation incorporated on August 7, 2013, as At Play Vacations, Inc. It is based in Orlando, FL, USA. The Company incorporated wholly-owned subsidiaries, Quality Resort Hotels, Inc. (“QRH”) in Florida on August 8, 2013 and Horizon Resources Co. Ltd (“Horizon”) in the Cayman Islands on September 7, 2015. The accounting and reporting policies of ~~the Company conform to accounting principles generally accepted in the United States of America, and the Company's fiscal year end is September 30.~~Contents

On August 7, 2015, founding stockholders and sole directors Michael Hay and Jake Martin, sold the entirety of their shares, totaling 10,000,000 shares, to Chua Seong Seng, Lim Wei Lin and Low Tuan Lee in a private transaction. Effective ~~September~~August 1617, 2015, each of Michael Hay and Jake Martin resigned from their respective positions as officers of the Company, ~~changed~~and ~~its~~Chua ~~name~~Seong ~~from~~Seng ~~"At~~was ~~Play~~appointed ~~Vacations~~as the President and Chief Executive Officer, ~~Inc~~Lim Wei Lin was appointed as the Secretary, and Low Tuan Lee was appointed as the Chief Financial Officer and Treasurer of the Company. Also effective August 17," to2015, ~~"Axiom~~Chua ~~Holdings~~Seong Seng, ~~Inc~~Lim Wei Lin and Low Tuan Lee were appointed as directors of the Company, and each of Michael Hay and Jake Martin resigned as directors of the Company."

~~The~~On ~~Company~~August 31, ~~through QRH~~2015, ~~operates~~the asBoard of Directors approved a ~~vacations~~20:1 ~~company~~forward split of its common stock, such that ~~books~~shareholders ~~on-line~~holding ~~travel. The~~shares of the Company common stock will ~~offer~~receive ~~low~~20 ~~rates~~new onshares ~~rooms~~of incommon ~~popular~~stock ~~resort~~for ~~destinations.~~each Aold ~~percentage~~share ofupon ~~vacations~~surrendered ~~booked~~to ~~will~~the ~~also~~Company. ~~translate~~The ~~into~~forward ~~sales~~split ~~leads~~was ~~for~~effective ~~select real~~on ~~estate~~November ~~development~~23, ~~partners~~2015.

~~NOTE~~On 2September 7, 2015, the Company incorporated its wholly- ~~SUMMARY~~owned OFsubsidiary ~~SIGNIFICANT~~Horizon ~~ACCOUNTING~~Resources ~~POLICIES~~Co. Ltd in the Cayman Islands.

~~Basis~~On September 16, 2015, the Company filed a Certificate of ~~Presentation~~Amendment changing the Company’s name to Axiom Holdings, Inc. and increasing the authorized shares of common stock to 3,000,000,000 shares of common stock, with par value of $0.001 per share, and 50,000,000 shares of preferred stock with a par value of $0.001 per share. The amendment was approved by shareholders holding 58.5% of the issued and outstanding stock.

~~The~~On ~~Consolidated~~October ~~Financial~~1, ~~Statements~~2015, ~~and~~the ~~related~~Board ~~disclosures~~of ~~have~~Directors ~~been~~approved ~~prepared~~a ~~pursuant~~change toin the ~~rules~~Company’s ~~and~~fiscal ~~regulations~~year ofend ~~the~~from ~~Securities~~September ~~and~~30, ~~Exchange~~to ~~Commission~~December ~~("SEC")~~31. The ~~Financial~~Company ~~Statements~~filed ~~have~~its ~~been~~annual ~~prepared~~report ~~using~~on ~~the~~Form ~~accrual~~10-K ~~basis~~for ofthe ~~accounting~~year inended ~~accordance~~September ~~with~~30, ~~Generally~~2015. ~~Accepted~~The ~~Accounting~~Company ~~Principles~~filed ~~("GAAP")~~a oftransition ~~the~~report ~~United~~for ~~States. The~~the ~~Company’s~~period ~~fiscal~~from ~~year~~October ~~end~~1, is2015 ~~September~~through ~~30 and changed to~~ December 31, 2015 on ~~October~~Form ~~1, 2015~~10-Q/T.

~~Basis~~On February 19, 2016, the following occurred with respect to the management of ~~Consolidation~~the Company: (i) Chua Seong Seng resigned as Chief Executive Officer, President and as a director; (ii) Lim Wei Lin resigned as Secretary and as a director; and (iii) Low Tuan Lee was appointed Chief Executive Officer and President, and retained his position as Chief Financial Officer and director.

~~These~~In ~~financial~~April ~~statements~~2016, ~~include~~ the ~~accounts of the~~ Company ~~and~~determined ~~the~~to ~~wholly-owned~~discontinue ~~subsidiaries,~~operations ~~Quality~~related ~~Resort~~to ~~Hotels,~~on-line ~~Inc. and~~travel ~~Horizon~~booking ~~Resources~~which ~~Co.~~was ~~Ltd.~~performed ~~All~~under ~~material~~the ~~intercompany~~Company’s ~~balances~~subsidiary ~~and~~Quality ~~transactions~~Resort ~~have~~Hotels, ~~been eliminated~~Inc.

~~Use~~On June 23, 2016, Quality Resort Hotels, Inc. was legally dissolved with the state of ~~Estimates~~Florida.

~~The~~On ~~preparation~~October of3, ~~financial~~2016, ~~statements~~our inboard ~~conformity with accounting principles generally accepted in the United States~~ of ~~America~~directors ~~requires~~approved ~~management to make estimates and assumptions that affect~~ the ~~reported~~selection ~~amounts~~ of ~~assets~~Anthony ~~and~~Kam ~~liabilities~~& ~~and~~Associates ~~disclosure~~Ltd, ofCertified ~~contingent~~Public ~~assets~~Accountants ~~and~~as ~~liabilities~~our atindependent ~~the~~registered ~~date~~public ofaccounting ~~the~~firm ~~financial~~replacing ~~statements.~~Sadler, ~~The~~Gibb ~~estimates~~& ~~and~~Associates, ~~judgments will also affect the reported amounts for certain revenues and expenses during the reporting period~~LLC. ~~Actual results could differ from these good faith estimates and judgments.~~

~~Cash~~Acquisition of CJC and ~~Cash~~its ~~Equivalents~~Subsidiaries

~~Cash~~In ~~and~~August ~~cash~~2016, ~~equivalents~~the ~~include~~shareholders ~~cash~~of inCJC ~~banks,~~developed ~~money~~a ~~market~~plan ~~funds,~~to position itself to acquire companies that were seeking to expand and ~~certificates~~obtain the benefits of ~~term~~a ~~deposits~~U.S. ~~with~~public ~~maturities~~company (the “Restructuring”). A key element of ~~less~~the ~~than~~Restructuring ~~three~~was ~~months~~to ~~from~~enter ~~inception,~~into ~~which~~a ~~are~~transaction ~~readily~~with ~~convertible~~a topublic ~~known~~company ~~amounts~~in ofthe ~~cash~~United ~~and~~States by which we, the public company, would acquire operations based in the ~~opinion~~PRC, ofall ~~management,~~in ~~are~~compliance ~~subject~~with toPRC anlaw. ~~insignificant~~To ~~risk~~accomplish this, the shareholders of ~~loss~~CJC informed ~~value. The~~JinBaiXing (Shenzhen) Clean Energy Technology Service Company ~~had~~Limited $1(“JBX”),~~317~~ ~~and~~formed ~~$33~~on August 26,~~666~~ 2016, to acquire companies engaged in ~~cash~~power production and ~~cash~~JinTaiHong ~~equivalents~~(Shenzhen) asHotel atManagement ~~September~~Service 30Company Limited (“JTH”), ~~2015~~formed ~~and~~on ~~2014~~August 26, ~~respectively~~2016, to acquire companies engaged in the hospitality industry. JBX and JTH are wholly-owned foreign entities organized under the laws of the PRC (the “WFOE’s”).

~~Restricted~~Effective ~~Cash~~as of August 31, 2016, JBX acquired or has agreements under which it has acquired 100% of the issued and outstanding equity of the following operating companies organized under the laws of the PRC. These companies make up our Power Production Segment:

~~The~~· ~~Company~~Xiaojin isCounty ~~required~~Jitai toPower ~~restrict~~Investment aCompany ~~portion~~Limited of(“Jitai ~~cash~~Power Investment”), ~~per~~formed ~~the~~on ~~terms~~November of10, ~~our merchant account agreement~~2003, ~~for~~· ~~potential~~Xiaojin ~~credit~~County ~~card~~Xin ~~chargebacks.~~Hong WeElectric ~~are~~Power ~~subject~~Development toCompany aLimited ~~cash~~(“Xin ~~reserve~~Hong ofPower upDevelopment”), toformed ~~10%~~ on ~~credit card~~January ~~charges~~17, ~~processed~~2006, ~~with~~and ~~funds~~· ~~held~~Sichuan ~~for~~Xing ~~seven~~Tie toElectric ~~twelve~~Power ~~months~~Company ~~depending~~Limited on(“Xing ~~our~~Tie ~~account activity. As at September 30~~Electric”), ~~2015~~formed ~~and~~on ~~2014,~~November ~~the Company had $796 and $3~~12,~~720~~ ~~in restricted cash, respectively~~2003.

18Effective as of August 31, 2016, JTH acquired or has agreements under which it has acquired 100% of the issued and outstanding equity of the following operating companies organized under the laws of the PRC. These companies make up our Hospitality Segment:

Table of Contents

	·	Xiao Jin County EnZe Hotel Management Company Limited (“EnZe Hotel Management”), formed on May 25, 2016; and

	·	Xiao Jin County SiGuNiang Mountain Hotel Management Company Limited (“SiGuNiang Mountain Hotel Management”),formed on September 13, 2007.

~~Accounts~~19 ~~Receivable~~Table of Contents

~~The~~Having ~~Company's~~identified ~~accounts~~Axiom ~~receivable~~Holdings, ~~consists~~Inc. ofas ~~monies~~the ~~held~~preferred inpublic ~~merchant~~company ~~accounts.~~to ~~The~~acquire, ~~Company~~and ~~evaluates~~CJC ~~the~~having ~~collectability~~consolidated of its ~~accounts~~acquisitions ~~receivable~~of onthe anoperating ~~on-going~~companies ~~basis~~listed ~~and~~above, ~~writes~~CJC ~~off~~and the ~~amount~~CJC ~~when~~Shareholders itentered isinto ~~considered~~the toShare beExchange ~~uncollectible.~~Agreement, Asas ofamended ~~September~~with ~~30,~~Axiom ~~2015~~ and ~~2014~~Horizon, and the ~~Company had~~transactions ~~no accounts~~set ~~receivable~~forth in that agreement were completed on December 21, ~~respectively~~2016.

~~Due~~The toShare ~~Related~~Exchange ~~Party~~Transaction

~~The~~On ~~Company~~October ~~follows~~10, ~~ASC~~2016, ~~850~~we entered into the Share Exchange Agreement with CJC, ~~"Related~~ ~~Party~~together ~~Disclosures~~with its subsidiaries," JBX, Jitai Power Investment, Xin Hong Power Development, JTH, EnZe Hotel Management and SiGuNiang Mountain Hotel Management and the two shareholders of CJC, Hu Dengyang and Yang Chuan (the “CJC Shareholders”).Pursuant to the Agreement, we agreed to acquire all of the issued and outstanding shares of CJC from the CJC Shareholders in exchange for the ~~identification~~issuance to the CJC Shareholders of ~~related~~200,000,000 ~~parties~~shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”). In connection with the transactions contemplated under the Share Exchange Agreement, we agreed to cancel 200,000,000 shares of our Common Stock currently outstanding prior to the closing of the transactions, and ~~disclosure~~therefore the shares of ~~related~~Common ~~party~~Stock issued to the CJC Shareholders in the transactions pursuant to the Share Exchange Agreement will represent approximately 58. 8% of the issued and outstanding shares of the Company’s Common Stock at the closing of such transactions.

~~Financial~~On ~~Instruments~~December 21, 2016, the Company, Horizon, CJC(Hong Kong), Ltd. (“CJC”) and the CJC Shareholders entered into an amendment to the Share Exchange Agreement (the “SEC Amendment”) in which Horizon agreed to acquire all of the issued and outstanding CJC Shares from the CJC Shareholders in exchange for the issuance by the Company to the CJC Shareholders of 200,000,000 shares of Common Stock. The Share Exchange Agreement as amended by the SEA Amendment is collectively referred to as the “Share Exchange Agreement, as amended”. The SEA Amendment also provides for the addition of Xing Tie Electric which is an additional subsidiary of CJC to be acquired as part of the transaction. The Share Exchange Agreement as originally drafted provided for the direct acquisition by the Company of the CJC Shares, and the SEA Amendment accomplishes this through the transfer of the CJC Shares to Horizon, resulting in indirect ownership by the Company of the CJC Shares through its wholly owned subsidiary Horizon. The SEA Amendment also corrects the name of CJC which was incorrectly written in the Share Exchange Agreement as CJC Holdings, Ltd. rather than the correct name of CJC(Hong Kong), Ltd.

~~The~~On ~~Company~~December ~~follows~~21, ~~ASC 820~~2016,~~"Fair~~ ~~Value~~our ~~Measurements~~wholly ~~and~~owned ~~Disclosures,"~~subsidiary ~~which~~Horizon ~~defines~~completed ~~fair~~the ~~value~~acquisition asof the ~~exchange~~CJC ~~price~~Shares ~~that~~as ~~would~~provided ~~be received~~ for anin ~~asset~~the orShare ~~paid~~Exchange toAgreement ~~transfer~~as aamended ~~liability~~by ~~(an~~the ~~exit~~SEA ~~price)~~Amendment. inPursuant to the ~~principal~~terms orand ~~most~~conditions ~~advantageous~~of ~~market~~the ~~for~~Share ~~the~~Exchange ~~asset~~Agreement, oras ~~liability~~amended, inthe anCJC ~~orderly~~Shareholders ~~transaction~~who ~~between~~collectively ~~market~~own ~~participants~~100% onof the ~~measurement~~issued ~~date.~~and ~~ASC~~outstanding ~~820~~shares ~~also~~of ~~establishes~~CJC aexchanged ~~fair~~their ~~value~~CJC ~~hierarchy~~Shares ~~that~~for ~~distinguishes~~an ~~between~~aggregate ~~(1) market~~of ~~participant~~200,00,000 ~~assumptions~~shares ~~developed~~of ~~based~~our oncommon ~~market~~stock. ~~data~~Pursuant ~~obtained~~to ~~from~~terms ~~independent~~of ~~sources~~the ~~(observable~~Share ~~inputs)~~Exchange Agreement and ~~(2)~~immediately anprior ~~entity's~~to ~~own~~the ~~assumptions~~completion ~~about~~of ~~market~~the ~~participant~~acquisition ~~assumptions~~of ~~developed~~CJC, ~~based~~Low onTuan ~~the~~Lee, ~~best~~Lim ~~information~~Wei ~~available~~and inChua ~~the~~Seong ~~circumstances~~cancelled ~~(unobservable~~an ~~inputs).~~aggregate ~~The~~of ~~fair~~200,000,000 ~~value~~shares ~~hierarchy~~of ~~consists~~our ofcommon ~~three~~stock. ~~broad~~Upon ~~levels~~completion of the closing, ~~which~~CJC ~~gives~~will become a subsidiary of our company and the ~~highest~~CJC ~~priority~~Shareholders toas ~~unadjusted~~a ~~quoted~~group ~~prices~~will inhold ~~active~~approximately ~~markets~~58.8% ~~for~~of ~~identical~~our ~~assets~~pro-forma orshares ~~liabilities~~of ~~(Level~~Common 1)Stock ~~and~~outstanding ~~the~~which ~~lowest~~is ~~priority~~expected to ~~unobservable~~be ~~inputs~~approximately ~~(Level~~340,000,000 ~~3).~~shares ~~The~~giving ~~three~~effect ~~levels~~to the issuance of the ~~fair~~shares ~~value~~to ~~hierarchy~~acquire ~~are~~CJC ~~described~~and ~~below:~~the share cancellation.

~~Level~~Item 11A. Risk Factors.

~~Level~~An 1investment ~~applies~~in toour ~~assets~~common stock involves a high degree of risk. Investors should carefully consider the risks described below, together with all of the other information included in this Annual Report, before making an investment decision. If any of the following risks actually occurs, our business, financial condition or ~~liabilities~~results of operations could suffer. In that case, the trading price of our common stock could decline, and investors may lose all or part of their investment. Investors should read the section entitled “Cautionary Note Regarding Forward-Looking Statements” above for ~~which~~a ~~there~~discussion of what types of statements are ~~quoted~~forward-looking ~~prices~~statements inas ~~active~~well ~~markets~~as ~~for~~the ~~identical~~significance ~~assets~~of orsuch ~~liabilities~~statements in the context of this Annual Report.

~~Level~~Risks 2Related to our Business and Industry

~~Level~~Risk 2Factors ~~applies~~Relating to ~~assets~~Our or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.Business

~~Level~~Our 3operations may be interrupted by realization of unexpected risks or difficulties in integrating acquired businesses, which could interrupt our existing business and materially and adversely affect our results of operations.

~~Level~~Our 3continued ~~applies~~growth and ability to ~~assets~~leverage orour ~~liabilities~~management ~~for~~expertise ~~which~~depend ~~there~~on ~~are~~the ~~unobservable~~successful ~~inputs~~implementation toof ~~the~~our ~~valuation~~acquisition ~~methodology~~strategy. We cannot assure you that ~~are~~any ~~significant~~particular toacquisition will produce the ~~measurement~~intended ofbenefits. For instance, if we fail to integrate an acquired project into our operations successfully, or the ~~fair~~synergies ~~value~~expected offrom an integration ultimately fail to materialize, then our existing business operations may be interrupted. We may have as a result expended significant management time, capital and other resources to the ~~assets~~transaction, orwhich ~~liabilities~~interrupted our existing business operations.

~~The~~20 ~~Company's~~Table ~~financial instruments consist principally~~ of cash and restricted cash, prepaid expense, and accounts payable and accrued liabilities and amounts due to related parties. Pursuant to ASC 820, the fair value of the Company's cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the Company's other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.Contents

~~Concentrations~~Risks ofwhich ~~Credit~~may ~~Risk~~be incurred through acquisitions include, but are not limited to:

~~The~~· ~~Company's~~potential ~~financial~~construction ~~instruments~~or ~~that~~engineering ~~are~~problems ~~exposed~~which tomay ~~concentrations~~expose ofus ~~credit~~to ~~risk~~severe ~~primarily~~economic ~~consist~~loss ofor ~~its~~legal ~~cash~~liabilities and ~~cash~~require ~~equivalents~~substantial ~~and~~expenditure ~~related~~from ~~party~~us ~~payables~~to itremediate; ~~will~~· ~~likely~~unforeseen ~~incur~~or inhidden ~~the~~liabilities, ~~near~~including ~~future.~~exposure ~~The~~to ~~Company~~legal ~~places~~proceedings, ~~its~~associated ~~cash~~with ~~and~~newly ~~cash~~acquired ~~equivalents~~companies; ~~with~~· ~~financial~~failure ~~institutions~~to ofgenerate ~~high~~sufficient ~~credit~~revenues ~~worthiness. At~~to ~~times,~~offset ~~its~~the ~~cash~~costs and ~~cash~~expenses ~~equivalents~~of ~~with~~acquisitions; a· ~~particular~~potential ~~financial~~impairment ~~institution~~losses ~~may~~and ~~exceed~~amortization ~~any~~expenses ~~applicable~~relating ~~government~~to ~~insurance~~goodwill ~~limits. The~~and ~~Company's~~intangible ~~management~~assets ~~plans~~arising tofrom ~~assess~~any ~~the~~of ~~financial~~such ~~strength~~acquisitions, ~~and~~which ~~credit~~may ~~worthiness~~materially ofreduce ~~any~~our ~~parties~~net toincome ~~which~~or itresult ~~extends~~in ~~funds,~~a ~~and~~net asloss; ~~such,~~and it· ~~believes~~possible ~~that~~contravention ~~any~~of ~~associated~~Chinese ~~credit~~regulations ~~risk~~applicable ~~exposures~~to ~~are~~such ~~limited~~acquisitions.

19Any one or a combination of the above risks could interrupt our existing business and materially adversely affect our results of operations.

~~Table~~We have not obtained formal title certificates to some of ~~Contents~~the properties we occupy, which may subject us to lawsuits or other actions being taken against us and may result in our loss of the right to operate on these properties and increased operating expenses.

~~Revenue~~We ~~Recognition~~have not obtained formal title certificates in respect of the land that certain of our operating companies use. We are in the process of completing the legal procedures for obtaining the relevant title certificates for the parcels of land and buildings involved and registering them in the name of our operating companies. However, we may not be able to obtain all of the formal title certificates. Our rights as owner or occupier of these properties and buildings may be adversely affected as a result of the absence of formal title certificates and we may be subject to lawsuits or other actions taken against us and may lose the right to continue to operate on these properties. We intend to use proceeds from funds raised in the equity capital markets following the Transactions to obtain missing title certificates for the full legal use of the land we use in our business.

~~The~~Energy Company recognizes revenue when it is earned and realizable based on the following criteria: persuasive evidence that an arrangement exists, services have been rendered, the price is fixed or determinable and collectability is reasonably assured.Business

~~The~~Our ~~Company~~business ~~offers~~is ~~travel~~dependent ~~services~~upon onhydrological aconditions, ~~stand-alone~~which ~~and~~may ~~package~~from ~~basis~~time ~~primarily~~to ~~through~~time ~~the~~result ~~merchant~~in ~~model~~conditions ~~and~~that ~~the~~are ~~agency~~unfavorable ~~model~~to our business operations.

~~Under~~Our ~~the~~hydroelectric ~~merchant~~power ~~model,~~generating ~~the~~prospects ~~Company~~are ~~facilitates~~dependent upon hydrological conditions prevailing from time to time in Sichuan Province in which our existing and planned hydroelectric power projects are located. There can be no assurance that the ~~booking~~water offlows ~~hotel~~at ~~rooms~~our existing and ~~destination~~future ~~services~~sites ~~from~~will be consistent with our ~~travel~~expectations, ~~suppliers~~or that climatic and weenvironmental ~~are~~conditions will not change significantly from the ~~merchant~~prevailing conditions at the time our projections were made. Water flows vary each year, and depend on factors such as rainfall, snowfall, rate of ~~record~~snowmelt ~~for~~and seasonal changes. We believe that over time, while annual precipitation levels will typically be above or below average, such ~~bookings~~variations will mostly likely average out. ~~Our~~However, ~~merchant~~our ~~transactions~~existing ~~relate~~and future hydroelectric power projects may be subject to ~~hotel~~substantial ~~bookings~~variations in climatic and ~~payments~~hydrological ~~are~~conditions ~~collected~~which ~~directly~~may ~~from~~reduce ~~the~~water ~~traveler~~flow and thus our ability to generate electricity. ~~Under~~While ~~the~~we ~~merchant~~have ~~model,~~selected ~~because~~our ~~the~~hydroelectric ~~Company~~power isprojects for operation and development in part on the ~~primary~~basis ~~obligor~~of their projected outputs, the ~~revenue~~actual iswater ~~reported~~flow asrequired ato ~~gross~~produce ~~basis~~those outputs may not exist or be sustained. If hydrological conditions result in droughts or other conditions that negatively affect our existing or proposed hydroelectric generation business, our results of operations may be materially and adversely affected.

~~Under~~We ~~the~~may ~~agency~~encounter ~~model,~~difficulties ~~the~~in ~~Company~~pursuing ~~acts~~our asacquisition ~~the agent in the transaction~~strategy, ~~passing~~which ~~reservations~~would ~~booked~~result byin ~~the~~us ~~traveler~~being todependent ~~the~~upon ~~relevant~~our ~~travel~~current ~~provider.~~portfolio ~~The~~of ~~Company~~hydroelectric ~~receives~~power ~~commissions~~projects ~~from the travel supplier~~ and~~/or~~ ~~traveler.~~having ~~Under~~limited ~~the agency model, because the Company is not the primary obligor, the~~ revenue isgrowth ~~reported as a net basis~~potential.

~~Advertising~~If ~~Costs~~we intend to continue acquiring hydroelectric power projects, our ability to implement our acquisition strategy depends on a number of factors, in particular, our ability to maintain our current portfolio of hydroelectric power projects, identify suitable acquisition targets, and reach agreements with sellers for acceptable consideration and on commercially reasonable terms and secure financing necessary for completing future acquisitions. There is no guarantee that we have the ability to pursue acquisition opportunities we identify in the future or the ability to maintain our current portfolio of power projects. We do not currently anticipate any major asset purchase in at least the short term. We cannot assure you that we will not need to sell energy-related operating assets. In addition, if we decide to make additional acquisitions in the future, we believe identifying and acquiring projects on reasonable terms may be more difficult as domestic and international competitors seek to acquire small hydroelectric power projects in China. Furthermore, depending on factors such as the national monetary policy and the credit market environment in China, in the event that we are in a position to pursue acquisitions in the future, we may not be able to secure financing for additional acquisitions. If we are unable to acquire suitable hydroelectric power projects in China, we will be dependent upon our existing hydroelectric power projects. This may result in our dependence upon the performance of our existing operating plants and upon electricity sales in the existing geographical areas. It may also subject us to increased risks associated with drought or other natural disasters in the existing geographical areas we operate and limit our ability to grow our revenues and to obtain the benefits of scale that we anticipate.

~~The~~21 ~~Company~~Table ~~follows~~of ~~ASC 720, "Advertising Costs," and expenses costs as incurred. During the period ending September 30, 2015 and 2014, the Company incurred $7,919 and $56,882 on advertising expenses, respectively.~~Contents

~~Share~~The operation of our hydroelectric power projects and customer demand for our power may be vulnerable to disruptions caused by natural and man-~~based~~made ~~Expenses~~disasters, which may materially and adversely affect our results of operations.

~~ASC~~Our ~~718 "Compensation~~hydroelectric –power ~~Stock~~projects ~~Compensation," prescribes~~could ~~accounting~~be required to cease operating in the event of a drought, and ~~reporting~~to ~~standards~~cease ~~for~~operating ~~all~~or ~~share-based~~even ~~payment~~be ~~transactions~~damaged in ~~which~~the ~~employee~~event ~~services~~of ~~are~~a ~~acquired~~flood. ~~Transactions~~ ~~include~~Water ~~incurring~~supply ~~liabilities,~~to orour ~~issuing~~hydroelectric orpower ~~offering~~projects and the projects themselves are vulnerable to ~~issue~~natural ~~shares~~disasters including, ~~options~~but not limited to, earthquakes, storms, tornadoes and ~~other~~floods, ~~equity~~as ~~instruments~~well as disasters caused by human actions such as ~~employee~~terrorist ~~stock~~attacks, ~~ownership~~military ~~plans~~conflicts and ~~stock~~other ~~appreciation~~deliberate ~~rights. Share-based~~or ~~payments~~inadvertent actions which may affect the availability of water supplies or water flow to ~~employees,~~our ~~including~~hydroelectric ~~grants~~power projects. Our hydroelectric power projects are in an area of ~~employee~~relatively ~~stock~~high ~~options,~~seismic risk as compared to other areas of China. Such disasters are ~~recognized~~unpredictable and can significantly damage our access to water supply and power plant equipment as ~~compensation~~well ~~expense~~as the property of our consumers. For example, on May 12, 2008, Sichuan Province was struck by an earthquake measuring 8.0 in ~~the~~surface ~~financial~~wave ~~statements~~magnitude ~~based~~(Richter scale) and with an epicenter located 80 kilometers west northwest of Chengdu on ~~their~~the ~~fair~~Longmenshan ~~values~~fault. ~~That~~The ~~expense~~Zipingpu isDam, ~~recognized~~a ~~over~~hydroelectric dam located 20 kilometers east of the ~~period~~epicenter ~~during~~of ~~which~~the anearthquake, ~~employee~~experienced issome ~~required~~damage toand ~~provide~~temporary ~~services~~suspension of activities as a result of the earthquake. Under such circumstances, market demand for power in ~~exchange~~general may be significantly and adversely affected, reducing the need for the ~~award~~electricity we produce, ~~known~~and aswe may be unable to continue operation of our plants or to produce the ~~requisite~~level ~~service~~of ~~period~~electricity ~~(usually~~we expect. Insurance coverage that we may currently or in the ~~vesting~~future ~~period)~~maintain may not be adequate to compensate us for all damages and economic losses which may arise in connection with these disasters. Such disruption to our operations could materially and adversely affect our results of operations.

~~The~~We ~~Company~~derive ~~accounts~~our ~~for~~energy ~~stock-based~~distribution ~~compensation~~revenues ~~issued~~solely tofrom ~~non-employees and consultants in accordance with~~ the ~~provisions~~sale of ~~ASC~~hydroelectric ~~505-50,~~power ~~"Equity~~electricity ~~– Based Payments~~ to ~~Non-Employees~~one customer.~~" Measurement~~ ofAny ~~share-based~~prolonged ~~payment~~disruption ~~transactions~~to ~~with non-employees is based on~~ the ~~fair~~demand ~~value~~for ofhydropower ~~whichever is more reliably measurable: (a) the goods~~ or ~~services~~termination ~~received;~~our orcustomer ~~(b)~~relationship ~~the~~may ~~equity~~cause ~~instruments~~our ~~issued. The~~revenues ~~fair~~to ~~value~~decrease ~~of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date~~significantly.

~~There~~Our ~~were~~energy-related nobusiness ~~share-based~~derives ~~expenses~~revenues solely from the sale of electricity generated by our hydroelectric power projects, and the sole customer for electricity sales by Jitai Power Investment is National Sichuan Xiaojin County Electricity Supply Company Ltd. If for any reason this customer reduces or eliminates its purchases of hydropower, whether due to the ~~years~~emergence ~~ended~~of ~~September~~a 30cheaper renewable energy source, ~~2015~~withdrawal ~~and~~of ~~2014~~government policy support for the dispatch of renewable energy or a severe drop in the demand for power in the region, we may not have alternative customers readily available to us. Without alternative sources of income, our revenues would decrease significantly should a reduction in demand for hydropower or lack of customers continue for a prolonged period.

~~Net~~Failure ~~Loss~~to ~~per~~renew ~~Share~~our power purchase agreements could result in a reduction or complete loss of ~~Common~~revenues ~~Stock~~from the hydroelectric power projects, which would have a materially adverse effect on our revenues, results of operations and net cash used in operating activities.

~~The~~Jitai ~~Company~~Power ~~has~~Investment’s ~~adopted~~power ~~ASC~~purchase ~~Topic~~agreement ~~260, "Earnings~~with ~~per~~National ~~Share," ("EPS")~~Sichuan ~~which~~Xiaojin ~~requires~~County ~~presentation~~Electricity ofSupply ~~basic~~Company ~~EPS~~Ltd. onExpires ~~the~~in ~~face~~August of2020. ~~the~~This ~~income~~agreement ~~statement~~provides for ~~all~~automatic ~~entities~~renewal. ~~with~~If ~~complex~~we ~~capital~~should ~~structures~~be ~~and~~unable ~~requires~~to renegotiate a ~~reconciliation~~power ofpurchase ~~the~~agreement ~~numerator~~with ~~and~~this ~~denominator of the basic EPS computation. In the accompanying financial statements~~customer, ~~basic~~it ~~earnings~~is ~~(loss)~~unlikely ~~per~~we ~~share~~would isbe ~~computed~~able byto ~~dividing~~obtain ~~net~~alternative ~~loss~~customers byfor the ~~weighted~~power ~~average~~generated ~~number~~by ~~of shares of common stock outstanding during~~ the ~~period~~project.

The ~~Company~~operations ~~has~~of noour ~~potentially~~hydroelectric ~~dilutive~~power ~~securities,~~projects ~~such~~may asbe ~~options~~adversely affected by the failure of key equipment, civil structures or ~~warrants~~transmission systems, ~~currently~~which ~~issued~~could result in lost revenues, increased maintenance costs and ~~outstanding~~our owing damages to our customers for lost revenues.

20The breakdown or failure of key equipment or of a civil structure in our hydroelectric power projects could disrupt the generation of electricity and result in revenues being lower than expected. Further, any breakdown or failure of one or more of our transmission systems could disrupt transmission of electricity by a power plant to the power grid. We could experience an equipment breakdown at our hydroelectric power projects, resulting in temporary suspensions of electricity generation and distribution. Repair of such breakdowns may take one or two days or up to a month, depending on the nature of the problem and availability of spare parts. In addition, if the problem is related to the grid, we will not be able to dispatch our power until the grid carries out the necessary repairs. A portion of the generation facilities that we have acquired, or may acquire in the future, were, or may have been, constructed many years ago. Older generating equipment may require significant capital expenditure to keep it operating efficiently. Such equipment is also likely to require periodic upgrading and improvement. Breakdown or failure of one of our plants also may prevent us from performing under the applicable power sales agreements which, in certain situations, could result in termination of the agreements or incurring liability for liquidated damages. These events may reduce our ability to generate power, resulting in loss of revenues and increased maintenance costs.

~~Table~~Our ofpower ~~Contents~~generating operations may be adversely affected by operational risks, which may result in uninsured losses.

~~Commitments~~Operating hydroelectric power projects involves many risks and ~~Contingencies~~hazards which may be beyond our control and could cause significant business interruptions, personal injuries and property or environmental damage, and could increase power generating costs at affected hydroelectric power projects for an unknown duration. These risks include but are not limited to: failure of power transmission systems; unexpected maintenance or technical problems; human error; failure of our mechanical, software or monitoring systems; and industrial accidents. The occurrence of any of these events, and the consequences resulting from them, may not be covered adequately or at all by our insurance policies. We do not currently carry any third-party liability insurance, business interruption insurance or insurance covering environmental damage arising from accidents on our property or relating to our operations. Losses incurred or payments we may be required to make may have a material adverse effect on our results of operations and financial condition.

~~The~~22 ~~Company~~Table follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of ~~the assessment can be reasonably estimated. There were no commitments or contingencies at September 30, 2015 and 2014.~~Contents

~~Recent~~On-grid ~~Accounting~~tariffs ~~Pronouncements~~are set based on regulatory guidance, actual supply of electricity to a power grid and regional demand for electricity, and changes in these factors may materially and adversely affect our results of operations.

InAll ~~April~~our ~~2015,~~electricity ~~the~~sales ~~Financial~~are Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to apower ~~recognized~~grids ~~debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition~~ and ~~measurement~~such ~~guidance~~sales ~~for debt issuance costs~~ are ~~not~~subject ~~affected~~to byon-grid ~~the amendments in this ASU~~tariffs. ~~The~~Since ~~amendments~~April ~~are effective for financial statements issued for fiscal years~~2001, ~~and~~the ~~interim~~Chinese ~~periods~~government ~~within~~has ~~those~~gradually ~~fiscal~~implemented ~~years,~~an ~~beginning~~on-grid ~~after~~tariff ~~December~~setting ~~15,~~mechanism ~~2015.~~based ~~The amendments are to be applied~~ on ~~a retrospective basis, wherein~~ the ~~balance~~actual ~~sheet~~costs of ~~each~~power ~~individual~~projects ~~period~~as ~~presented~~well isas ~~adjusted to reflect~~ the ~~period-specific~~average ~~effects~~costs of ~~applying~~comparable ~~the~~power ~~new~~projects ~~guidance.~~that Wewere doconstructed ~~not~~during ~~expect~~ the ~~adoption~~same ofperiod ~~ASU~~within ~~2015-03~~the tosame ~~have~~provincial apower ~~material effect on our financial position, results of operations or cash flows~~grid.

InThis ~~February 2015, the FASB issued ASU No. 2015~~on-~~02, “Consolidation~~grid ~~(Topic~~tariff ~~810): Amendments~~setting tomechanism ~~the~~was ~~Consolidation Analysis,” which is~~ intended to ~~improve~~replace targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). The ASU focuses on the ~~consolidation~~old ~~evaluation~~mechanism for ~~reporting~~setting organizations that are required to evaluate whether they should consolidate certain legal entities. In addition to reducing the number of consolidation models from four to two, the new standard simplifies the FASB Accounting Standards Codification and improves current U.S. GAAP by placing more emphasis on ~~risk of loss when determining a controlling financial interest, reducing the frequency of the application of related~~-~~party~~grid ~~guidance~~tariffs ~~when determining a controlling financial interest in a variable interest entity (“VIE”), and changing consolidation conclusions~~ for ~~companies~~planned ~~in several industries that typically make use of limited partnerships or VIEs~~output. ~~The~~Based ~~ASU~~on ~~will~~our ~~be effective for fiscal years~~experience, ~~and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. We do not expect~~ the ~~adoption~~determination of ~~ASU~~such ~~2015-02~~average tocosts ~~have~~usually atakes ~~material~~into ~~effect~~consideration onsuch ~~our~~factors ~~financial position, results of operations or cash flows.~~ as:

In ~~January 2015~~addition, the ~~FASB~~price ~~issued~~for ~~ASU~~electric Nopower sold to end consumers is fixed in China because the sales price of electricity is uniformly formulated by the National Development and Reform Commission. ~~2015-01~~Thus, ~~“Income~~we ~~Statement~~must -estimate ~~Extraordinary~~the price at which the National Development and ~~Unusual~~Reform ~~Items~~Commission ~~(Subtopic~~will ~~225-20):~~allow ~~Simplifying~~power ~~Income~~grids ~~Statement~~to ~~Presentation~~sell byelectricity ~~Eliminating~~and set our prices so that, from the ~~Concept~~power ofgrids’ ~~Extraordinary~~perspective, ~~Items.”~~their ~~This~~cost ~~ASU~~for ~~eliminates~~our ~~from~~electricity ~~U.S.~~is ~~GAAP~~acceptable when considered with the ~~concept~~costs of ~~extraordinary~~other ~~items~~power producers on the grid. ~~ASU~~Thus, ~~2015~~although our on-01grid istariffs ~~effective~~are lower than those for ~~fiscal~~thermal ~~years~~power projects, the tariff levels we obtain from local grids may still be impacted by changes in the cost of generating thermal power and ~~interim~~actual ~~periods~~regional ~~within~~demand ~~those~~for ~~fiscal~~power. ~~years~~In addition, ~~beginning~~if ~~after~~demand ~~December~~for 15electricity rises beyond expectations, ~~2015.~~then Awe ~~reporting~~cannot ~~entity~~raise ~~may~~our ~~apply~~prices accordingly to benefit from the ~~amendments~~increased ~~prospectively~~demand. WeIf doactual ~~not~~sales ~~expect~~prices ~~the~~are ~~adoption~~significantly ofbelow ~~ASU~~our ~~2015-01~~estimates tofor ~~have~~such asales ~~material~~prices, ~~effect~~then on our financial ~~position,~~condition and results of operations ormay ~~cash~~be ~~flows~~materially and adversely affected.

InIf ~~November~~less ~~2014,~~than ~~the~~all FASB issued ASU No. 2014-17, “Business Combinations (Topic 805): Pushdown Accounting.” This ASU provides an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of ~~an event in which an acquirer obtains control of~~ the ~~acquired~~electricity ~~entity.~~we Angenerate ~~acquired~~is ~~entity~~dispatched ~~may~~by ~~elect~~ the ~~option to apply pushdown accounting in the reporting period in which the change-in-control event occurs. If pushdown accounting is applied to an individual change-in-control event~~grids, ~~that election is irrevocable. ASU 2014-17 was effective on November 18, 2014. The adoption of ASU 2014-17 did not have any effect on~~ our ~~financial~~future ~~position,~~revenues ~~results~~will ofbe ~~operations or cash flows~~reduced.

~~Recent~~Our ~~accounting~~profitability ~~pronouncements~~depends, ~~issued~~in bypart, ~~the~~upon ~~FASB~~each ~~and~~of ~~the~~our ~~SEC~~hydroelectric ~~did~~power ~~not~~projects orgenerating ~~are~~electricity ~~not~~at ~~believed~~a bylevel ~~management~~sufficient to ~~have~~meet aor ~~material~~exceed ~~impact~~the onplanned generation agreed with our ~~present~~local ordispatch ~~future~~company, ~~consolidated~~which ~~financial~~in ~~statements~~turn will be subject to local demand for electric power and dispatching to the grids by the dispatch centers of the local grid companies.

21The dispatch of electric power generated by a power project is controlled by the dispatch centers of the applicable grid companies pursuant to a dispatch agreement with us and pursuant to governmental dispatch regulations. No assurance can be given that the dispatch centers will dispatch the full amount of the planned generation of our power projects. A reduction by the dispatch centers in the amount of electric power dispatched relative to our hydroelectric power projects’ planned generation could have a material adverse effect on our power generation and thus reduce our revenues. To date, however, other than external factors described elsewhere, such as limitations on transmission capacity in several instances, the only situation we have experienced when the dispatch centers accept less than the full amount of the power capable of being generated by our power projects is during brief periods of particularly heavy precipitation when our projects and others generate more power than the grids can physically accept and transmit. This occurs notwithstanding regulatory requirements that grids accept all power generated by renewable energy sources.

~~Table~~Compliance with environmental regulations can be costly, and we may become subject to further environmental compliance requirements in connection with our operations, which could materially and adversely affect our results of ~~Contents~~operations and financial condition.

~~NOTE~~We 3are required to comply with PRC national and local regulations regarding environmental protection for the construction and operation of our hydroelectric power projects. To the extent that our existing hydroelectric power projects may have been in compliance with PRC environmental protection laws and regulations at the time they were constructed, we cannot assure you that the PRC government will not require retroactive application of current laws and regulations to such old plants. Compliance with environmental regulations can be very expensive, and non- ~~GOING~~compliance ~~CONCERN~~with these regulations may result in adverse publicity, potentially significant monetary damages and fines and suspension of our business operations. In addition, if more stringent regulations are adopted in the future, the costs of compliance with these new regulations could be substantial. If we fail to comply with any future environmental regulations, we may be required to pay substantial fines, suspend production or even cease operations. We do not carry any insurance for damages resulting from failure to comply with environmental regulations.

~~The~~Our ~~accompanying~~business ~~financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets~~ and ~~the~~business ~~liquidation~~prospects ofrely ~~liabilities~~ in ~~the~~part ~~normal~~on ~~course~~policy ofsupport ~~business.~~from Asthe atPRC ~~September 30~~government, ~~2015,~~and ~~the~~our ~~Company~~financial ~~has~~condition ~~a net loss from operations of $61,748,~~ and anresults ~~accumulated deficit~~ of ~~$138,863. The Company intends to fund~~ operations ~~through equity financing arrangements, which~~ may be ~~insufficient~~materially ~~to fund its capital expenditures, working capital~~ and ~~other~~adversely ~~cash~~affected ~~requirements~~if ~~for~~we ~~the~~lose ~~year~~such ~~ending September 30, 2016~~support.

~~The~~National, ~~ability~~provincial and local governments in China support the expansion of hydroelectric power, which eases the ~~Company~~approval toprocess ~~emerge~~for ~~from~~facility acquisition, construction and financing. Expansion of both large and small-scale hydroelectric power production is one of the priorities for the development ~~stage~~of isthe ~~dependent~~nation’s ~~upon~~power supply, ~~among~~and ~~other~~foreign ~~things~~investment in the sector is encouraged. We currently enjoy several types of government support, ~~obtaining~~including ~~additional~~policy ~~financing~~support for local grids to ~~continue~~purchase ~~operations,~~all the power we generate and ~~development~~potentially lower levels of ~~its~~VAT ~~business~~levied ~~plan~~on small hydropower production. InIf ~~response~~for any reason, such as development of new energy production technologies or migration to ~~these~~other ~~problems~~renewable energy sources, ~~management~~China ~~intends~~removes tosuch ~~raise~~policy ~~additional~~support, ~~funds~~our ~~through~~financial ~~public~~condition orand ~~private~~results ~~placement~~of ~~offerings~~operations may be materially and adversely affected.

~~These~~23 ~~factors,~~Table among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of ~~this uncertainty.~~Contents

~~NOTE~~Competition 4in ~~- DUE~~the TOPRC ~~RELATED~~power ~~PARTY~~industry may increase, and our results of operations and growth prospects may be materially and adversely affected if we are unable to compete effectively.

AsOur ofbusiness ~~September~~depends ~~30,~~on ~~2015~~the ~~and~~competitiveness ~~2014,~~of ~~the~~hydroelectric ~~Company~~power ~~was~~generation ~~obligated~~in relation to another ~~Officer,~~forms ~~who~~of iselectric ~~also~~power ageneration. ~~majority~~Fewer ~~stockholder,~~hydroelectric ~~for~~power aprojects ~~non-interest~~may ~~bearing~~be ~~demand~~built ~~loan~~and ~~with~~less aelectricity ~~balance~~from ofhydroelectric ~~$32,821~~power ~~and~~sources ~~$30,000,~~may ~~respectively. On~~be ~~September~~sold ~~30,~~if ~~2015,~~fossil afuel ~~non-interest~~prices ~~bearing~~remain ~~demand~~suppressed ~~loan~~or ofif ~~$30,000,~~other ~~was~~renewable ~~forgiven~~energy bysources abecome ~~former~~less ~~officer~~expensive than hydroelectric power, either of which ~~was~~could ~~written~~have ~~off~~a ~~and~~material ~~recorded~~adverse aseffect ~~additional~~on ~~paid~~our inresults ~~capital~~of operations, financial condition and growth prospects.

~~During~~The demand for power projects that produce electricity from renewable energy sources such as water depends in part on the ~~year~~cost ~~ended~~of ~~September~~generation 30from other sources of energy. The terms under which supplies of petroleum, ~~2015~~coal, natural gas and other fossil fuels, as well as uranium, can be obtained are key factors in determining the ~~officer~~economic ~~paid~~interest ~~accounts~~of ~~payable~~using ~~totaling~~these ~~$32~~energy sources rather than renewable energy sources. The principal energy sources in competition with renewable energy sources are petroleum,~~821~~ coal, natural gas and nuclear energy. A decline in the competitiveness of electricity from renewable energy sources in terms of cost of generation, technological progress in the exploitation of other energy sources, discovery of large new deposits of oil, gas or coal, or a decline in prices of those fuels, could weaken demand for electricity generated from renewable energy sources.

~~NOTE~~In 5the ~~- EQUITY~~renewable energy sector, competition primarily exists with regard to factors such as bidding for available sites, performance of sites in generation, quality of technologies used, price of power produced and scope and quality of services provided, including operation and maintenance services. A decline in the competitiveness of electricity generated from hydroelectric sources in terms of such factors could weaken demand for hydroelectric power. Should hydroelectric power production become uncompetitive with other forms of renewable energy production, or if fossil fuel production continues to become more cost competitive, the construction of hydroelectric power projects may slow, thus reducing our pool of potential acquisition targets and limiting our ability to grow our operations.

~~Preferred~~Planning, ~~Stock~~construction, acquisition and operation of our hydroelectric power projects require us to obtain and maintain a significant number of permits and approvals from PRC government agencies. Failure to obtain and maintain these permits and approvals could result in significant fines and our loss of the right to develop or operate those assets, which would materially and adversely affect our future growth plans and results of operations.

The ~~Company~~planning, ~~has~~construction, ~~authorized~~acquisition ~~50,000,000~~and ~~preferred~~operation ~~shares~~of ~~with~~small hydroelectric power projects in China requires permits and approvals to be obtained and maintained under different regulatory schemes administered by a ~~par~~wide ~~value~~range of $0PRC government agencies.~~001~~ ~~per~~We ~~share~~believe we have the appropriate permits and approvals required to develop and operate our hydroelectric power projects. ~~The~~In ~~Board~~the ofevent, ~~Directors~~however, ~~are~~it ~~authorized~~is determined that we failed to ~~divide~~obtain all required permits and approvals, we may in certain cases, be subject to significant fines or the ~~authorized~~government ~~shares~~authorities requiring us to cease operation of ~~Preferred~~our ~~Stock~~hydroelectric ~~into~~power ~~one~~projects, or ~~more~~unwind ~~series~~the acquisition of the project, ~~each~~any of which ~~shall~~would bematerially soand ~~designated~~adversely asaffect our future growth plans and results of operations. Failure to ~~distinguish~~obtain permits and approvals for our development projects may result in our inability to complete and operate the ~~shares~~project, ~~thereof~~or ~~from~~our being subject to penalties and fines upon completion of the ~~shares~~project, either of ~~all~~which ~~other~~could ~~series~~materially and ~~classes~~adversely affect our future growth and results of operations.

~~There~~Our ~~were~~operations noin ~~preferred~~China ~~shares~~are ~~issued~~extensively regulated by the PRC government and ~~outstanding~~our ascosts atassociated ~~September~~with ~~30,~~compliance ~~2015~~with such regulations are substantial. Our results of operations and ~~2014~~future growth prospects may be materially and adversely affected by future changes in government regulations and policies.

~~Common~~All ~~Shares~~of our hydroelectric power projects in China are subject to extensive regulation by the PRC governmental authorities, including central governmental authorities such as the Ministry of Commerce, the State Administration for Industry and Commerce, the National Development and Reform Commission, the State Electricity Regulatory Commission, the State Administration of Taxation, the Ministry of Environmental Protection, the Ministry of Communications and Transportation, the Ministry of Water Resources, the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development, as well as their provincial and local counterparts. Government regulations address virtually all aspects of our operations, including, among others, the following:

~~The~~24 ~~Company~~Table ~~has authorized 3,000,000,000 common shares with a par value~~ of ~~$0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.~~Contents

On· ~~August~~planning ~~31,~~and ~~2015,~~construction ~~the~~of ~~Company~~new ~~amended~~power ~~its~~projects; ~~Certificate~~· the granting of ~~Incorporation~~power generation, asdispatch ~~amended,~~and tosupply ~~effect~~permits; a· 20the amount and timing of power generation; · the setting of on-grid tariffs paid to-1 ~~stock~~power ~~split~~producers and power tariffs paid by consumers of ~~its~~electricity; ~~issued~~· power grid control and ~~outstanding~~power ~~shares~~dispatch, including the setting of ~~common~~preferential ~~stock.~~policies ~~All~~for ~~relevant~~the ~~information~~dispatch ~~relating~~of torenewable ~~numbers~~energy generated power; · allocation of ~~shares~~water resources and ~~per~~control ~~share~~of ~~information~~water ~~have~~flows; ~~been~~· ~~retrospectively~~environmental ~~adjusted~~protection toand ~~reflect~~safety ~~the~~standards; ~~reverse~~· ~~stock~~acquisitions ~~split~~by ~~for~~foreign ~~all~~investors; ~~periods~~and ~~presented~~· taxes, in particular Enterprise Income Tax and Value Added Tax.

AsOur costs of ~~September~~compliance 30with, ~~2015~~ and ~~2014~~reliance on, this regulatory system are significant to our business. An increase in the ~~Company~~cost ~~had~~of ~~340,000,000~~compliance ~~shares~~could increase our operating costs and expenses and materially and adversely affect our results of ~~common~~operations. ~~stock~~Moreover, ~~issued~~policy movements against renewable energy power producers could limit our opportunities for growth and ~~outstanding~~materially and adversely affect our revenues.

The ~~Company~~transfer ~~has~~of nostate-owned ~~stock~~assets ~~option~~in ~~plan,~~China ~~warrants~~is subject to approval by authorities in charge of state-owned assets administration and supervision and involves a public bidding process. Any failure by us or ~~other~~prior ~~dilutive~~owners ~~securities~~of our projects to comply with PRC laws and regulations in respect of the transfer of state-owned assets may result in the imposition of fines or forfeiture of our projects.

22We currently have a portfolio of two operating hydroelectric power projects and two hydroelectric power projects scheduled to begin operation by 2019. Some of our projects were previously state-owned assets. Under PRC law, the transfer of state-owned assets is subject to strict procedures and approvals. We are in the process of complying with all requisite procedures in acquiring state-owned assets. However, if a previous transferor of state-owned assets failed to comply with relevant PRC law, the transfer of the state-owned assets may be reversed by the government or fines may be levied. In such circumstances, we will have a legal right to recover our investment in the assets, but we may not be able to recover from the relevant parties, which could result in a loss of power generation plants, loss of revenues and a significant increase in operating costs.

~~Table~~Hotel ~~of Contents~~Business

~~NOTE~~We 6are ~~- PROVISION~~subject ~~FOR~~to ~~INCOME~~the ~~TAXES~~business, financial and operating risks common to the hotel business which could reduce our revenues and limit opportunities for growth.

~~The Company provides for income taxes under ASC 740~~Business, ~~“Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the~~ financial ~~statement~~ and ~~tax~~operating ~~basis~~risks ofcommon ~~assets and liabilities and the tax rates in effect when these differences are expected~~ to ~~reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that~~ the ~~Company~~hotel ~~will~~business ~~not realize tax assets through future operations.~~include:

~~The~~· ~~provision~~significant ~~for~~competition ~~income~~from ~~taxes~~hospitality ~~differs~~providers in the region and from regions within the ~~amounts~~PRC which ~~would~~offer besimilar ~~provided~~travel byexperiences ~~applying~~and attractions, particularly related to the ~~statutory~~natural ~~federal~~beauty ~~income~~of ~~tax~~the ~~rate~~landscape which surrounds our planned hotel properties; · the costs and administrative burdens associated with complying with applicable laws and regulations in the PRC; · delays in construction or delays and cancellations of ~~34%~~planned toor future development or refurbishment projects; · changes in desirability of geographic regions for travel within the ~~net~~PRC ~~loss~~and ~~before~~shortages ~~provision~~of desirable locations for ~~income~~future ~~taxes~~development; · decreased corporate or governmental travel-related budgets and spending, as well as cancellations, deferrals or renegotiations of group business such as industry conventions; · negative public perception of corporate travel-related activities; · statements, actions, or interventions by governmental officials related to travel, meetings or other aspects of hotel business and operations; · the increasing influence and reliance on technology for distribution channels and the ~~following~~impact ~~reasons:~~of internet intermediaries and other new industry entrants on supply, pricing and the value of our brands; · health, safety and environmental laws, rules and regulations and other governmental and regulatory action; · changes in operating costs including, but not limited to, energy, water, labor costs (including the impact of labor shortages and unionization), food costs, workers’ compensation and health-care related costs, insurance and unanticipated costs such as acts of nature and their consequences; · the availability and cost of capital to allow us to fund new hotel construction and existing hotel renovations; and · cyclical over-building in the hotel business and residential and vacation ownership business.

	September 30, 2015			September 30, 2014
Income tax expense at statutory rate	$	(20,994	)	$	(25,487	)
Valuation allowance		20,994			25,487
Income tax expense per books	$	-		$	-

Table of Contents

~~Net~~Our ~~deferred~~revenues, ~~tax~~profits, ~~assets~~or ~~consist~~market ofshare ~~the~~could ~~following~~be ~~components~~harmed asif ~~of:~~we are unable to compete effectively.

	September 30, 2015			September 30, 2014
NOL Carryover	$	(47,213	)	$	26,218
Valuation allowance		47,213			(26,218	)
Net deferred tax asset	$	-		$	-

The hotel and hospitality industries are highly competitive. Our properties will compete for customers with other hotel and resort properties, ranging from national and international hotel brands to independent, local and regional hotel operators. We also compete with other vacation options such as cruises, as well as alternative lodging arrangements in which residential properties in locations throughout the world are marketed, reserved and rented in a manner consistent with hotels. Furthermore, new or existing competition that uses a business model that is different from our business model may challenge our ability to remain competitive. We will compete based on a number of factors, including quality and consistency of rooms, restaurant and meeting facilities and services and attractiveness of location. Some of our competitors may have substantially greater marketing and financial resources than we will have, and if we are unable to successfully compete in these areas, our operating results could be adversely affected.

~~Due~~Moreover, towe ~~the~~may ~~change~~enter ininto ~~ownership~~and ~~provisions~~maintain ofmanagement ~~the~~agreements ~~Income~~and ~~Tax~~leases ~~laws~~with ofproperty ~~United~~owners. ~~States~~We may compete with other hotel companies for this business primarily on the basis of ~~America~~fees, ~~net~~contract ~~operating~~terms, ~~loss~~brand ~~carry~~recognition, ~~forwards~~and ofreputation. ~~approximately~~In ~~$138~~connection with entering into these agreements,~~863~~ ~~for~~we ~~federal~~may ~~income~~be ~~tax~~required ~~reporting~~to ~~purposes~~make ~~are~~investments ~~subject~~in, or guarantee the obligations of, third parties or guarantee minimum income to ~~annual~~third ~~limitations~~parties. ~~When~~The aterms ~~change~~of inour ~~ownership~~management ~~occurs,~~agreements ~~net~~and ~~operating~~leases ~~loss~~for ~~carry~~each ~~forwards~~of ~~may~~our hotels will be ~~limited~~influenced asby tocontract ~~use~~terms inoffered ~~future~~by ~~years~~our competitors, among other things. ~~Net~~We ~~operating~~cannot ~~loss~~assure ~~carry~~you ~~forwards~~that ~~begin~~we will be able to ~~expire~~enter into future collaborations, enter into new agreements or renew agreements in ~~2033~~the future on terms that are favorable to us.

~~Tax~~Degradation ~~returns~~in ~~for~~ the ~~years~~quality ~~ended~~or ~~2013-2015~~reputation ~~remain~~of ~~open~~our tobrand ~~review~~could byadversely ~~the~~affect ~~IRS~~our financial results and growth.

~~NOTE~~For 7our ~~- SUBSEQUENT~~properties ~~EVENTS~~to be attractive and competitive, we will have to spend money periodically to keep the properties well maintained, modernized and refurbished. This will create an ongoing need for cash. To the extent that we cannot fund expenditures from cash generated by operations, funds will be borrowed or otherwise obtained. Failure to make the investments necessary to maintain or improve such properties, act in accordance with applicable brand standards or project a consistent brand image could adversely affect the quality and reputation of our brands. If the reputation or perceived quality of our brands declines, our market share, reputation, business, financial condition or results of operations could be affected.

~~Management~~External ~~has~~perception ~~evaluated~~of ~~subsequent~~our ~~events~~hotels ~~through~~could ~~the~~harm ~~date~~our ~~these~~brands ~~financial~~and ~~statements~~reputation ~~were~~as ~~available~~well toas bereduce ~~issued. Based on~~ our ~~evaluation~~revenues noand ~~other~~lower ~~events~~our ~~have occurred that require disclosure~~profits.

23Our brands and our reputation will become one of our important assets. Our ability to attract development partners and to attract and retain guests will depend, in part, upon the external perceptions of our brand, the quality of our hotels and services and our corporate and management integrity. There is a risk to our brand and our reputation if we fail to act responsibly or comply with regulatory requirements in a number of areas, such as safety and security, sustainability, responsible tourism, environmental management, human rights and support for local communities. The considerable increase in the use of social media over recent years has greatly expanded the potential scope and scale, and increased the rapidity of the dissemination of the negative publicity that could be generated by any such adverse incident or failure. An adverse incident involving our associates or our guests, or in respect of our third-party vendors or owners and the industry, and any media coverage resulting therefrom, may harm our brand and reputation, cause a loss of consumer confidence in us or the industry, and negatively impact our results or operations.

~~Table~~Third-party ofand ~~Contents~~internet-based reservation or booking channels may negatively impact our revenues.

~~Item~~We 9expect significant booking to be performed through third-party internet travel intermediaries such as eLong, Ctrip and Qunar; international third-party internet travel intermediaries such as Expedia, Orbitz and Booking. ~~Changes~~com; ingroupbuy companies which provide hotel booking, such as Meituan; Alitrip, which is a business unit of Alibaba Group Holding Limited; travel companies such as Tuniu Corporation and ~~Disagreements~~Tongcheng ~~with~~Network ~~Accountants~~Technology Share Co., Ltd.; and lesser-known online travel service providers. In addition, travelers can book stays on ~~Accounting~~websites that facilitate the short-term rental of homes and ~~Financial~~apartments ~~Disclosure~~from owners, thereby providing an alternative to hotel rooms. As the percentage of internet bookings increases, these intermediaries may be able to obtain more volume or better rates. Some internet reservation intermediaries are attempting to commoditize hotel rooms by increasing the importance of price and general indicators of quality (such as “three-star downtown hotel”) at the expense of brand identification, which we expect to be among our most important assets. Moreover, third-party reservation channels may be able to obtain higher commissions, reduced room rates or other significant contract concessions from us. Over time, consumers may develop loyalties to third-party internet reservations systems rather than to our online booking tools or our brands. Although we expect to derive significant revenues from traditional channels and our websites, our business and profitability could be adversely affected if customer loyalties significantly shift from our brands to their travel services, diverting bookings away from our websites, or through their fees increasing the overall cost of internet bookings for our hotels.

~~None.~~26 Table of Contents

~~Item~~A ~~9A. Controls~~failure ~~and~~to ~~Procedures~~keep pace with developments in technology could impair our operations or competitive position.

~~Evaluation~~The hospitality industry continues to demand the use of ~~Disclosure~~sophisticated ~~Controls~~technology and ~~Procedures~~systems including technology utilized for property management, brand assurance and compliance, procurement, reservation systems, distribution, revenue management and guest amenities. These technologies can be expected to require refinements, including complying with legal requirements in connection with privacy and/or security regulations, requirements, and commitments established by third parties such as the payment card industry, and there is the risk that advanced new technologies will be introduced. Further, the development and maintenance of these technologies may require significant capital. There can be no assurance that as various systems and technologies become outdated or new technology is required, we will be able to replace or introduce them as quickly as our competition or within budgeted costs and timeframes. Further, there can be no assurance that we will achieve the benefits that may have been anticipated from any new technology or system.

~~Under~~A ~~the~~slow-down ~~supervision and with the participation~~ of ~~our~~economic ~~senior~~growth management, including our Chief Executive Officer and our Chief Financial Officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in ~~Rules~~China ~~13a-15(e)~~may ~~and~~adversely ~~15d-15(e)~~affect ~~under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as of September 30, 2015. Based on this evaluation,~~ our ~~Chief~~growth ~~Executive Officer~~ and ~~our~~financial Chief Financial officer concluded as of September 30, 2015, that our disclosure controls and procedures were not effective such that the information relating to us required to be disclosed in our Securities and Exchange Commission ("SEC") reports: (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms; and (ii) is accumulated and communicated to our management, including our chief executive officer to allow timely decisions regarding required disclosureperformance.

~~Management'~~Our financial results have been and will likely continue to be significantly affected by the condition of the economy and the travel industry in China. Travel expenditures are sensitive to business and personal discretionary spending levels and tend to decline during economic downturns. In recent years, the PRC economy has seen a slowdown related to the international financial crisis in 2008, and slower growth in 2014 and 2015. In 2016, economic conditions remain uncertain and unpredictable, with a lowering of the government’s ~~Annual~~economic ~~Report~~growth target, and some forecasters predicting a significant slowdown. In addition, China is affected by global economic conditions, which have been volatile in recent years. The global financial markets have experienced significant disruptions since 2008, and currently face slow growth in Japan, a European debt crisis and a multitude of other uncertainties, including the long-term effects of expansionary monetary and fiscal policy. There have also been concerns over regional tensions, including those between, China and Japan, between Russia and Ukraine, protests in Hong Kong and Iran’s and North Korea’s nuclear programs, as well as concerns relating to other countries, including those in the Middle East and Africa, which have resulted in volatility in oil and other markets. We believe that demand for travel services in China will continue to be linked to the condition of the broader PRC economy in the future. A slow-down of economic growth in China is likely to reduce expenditures for travel, which would have a material adverse effect on ~~Internal~~our ~~Control~~revenues ~~Over~~and ~~Financial~~results ~~Reporting~~of operations.

~~Our~~Declines ~~management~~or isdisruptions responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in ~~accordance with accounting principles generally accepted in~~ the ~~United~~travel ~~States. Because~~industry ~~of its inherent limitations, internal control over financial reporting~~ may ~~not~~reduce prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. Our Chief Executive Officer and Chief Financial Officer conducted an evaluation of the effectiveness of our internal control over financial reporting as of September 30, 2015 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control – Integrated Frameworkrevenues. Based upon such evaluation, our management concluded that our internal controls were not effective based on financial reporting as of September 30, 2015 based on the COSO framework criteria, as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

~~The~~Our ~~matters~~business ~~involving~~is ~~internal~~affected ~~controls~~by ~~and procedures that our management considered to be material weaknesses under~~ the ~~standards~~condition of the ~~Public~~overall ~~Company~~travel ~~Accounting~~industry ~~Oversight Board were: (1) lack of a functioning audit committee; (2) lack of a majority of outside directors on our board of directors, resulting~~ in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (3) inadequate segregation of duties consistent with control objectives; and (4) management dominated by a single individual without adequate compensating controlsChina. ~~The~~Trends ~~aforementioned~~or ~~material~~events ~~weaknesses~~that ~~were~~may ~~identified~~reduce bytravel ~~our Chief Executive Officer~~ and ~~Chief~~therefore ~~Financial~~may ~~Officer~~reduce ~~in connection with the review of~~ our ~~financial~~revenues ~~statements as of September 30, 2015.~~include:

~~Management~~· ~~believes~~outbreaks, ~~that~~or the ~~material~~fear ~~weaknesses~~of ~~set~~outbreaks, ~~forth~~of ~~above~~bird ~~did not have an effect on our financial results. However~~flu, ~~management~~Zika ~~believes~~or ~~that~~other ~~the~~diseases; ~~lack~~· oftravel-related aaccidents; ~~functioning~~· ~~audit~~unseasonable ~~committee~~or ~~and~~extreme ~~the~~weather; ~~lack~~· ofnatural aor ~~majority~~man-made ofdisasters; ~~outside~~· ~~directors~~increased onprices ~~our~~or ~~board~~fees ofin ~~directors~~the ~~results~~accommodation, inairline ~~ineffective~~or ~~oversight~~other intravel-related ~~the~~sectors; ~~establishment~~ and ~~monitoring~~· ofpolitical ~~required~~events, ~~internal~~social ~~controls and procedures~~unrest, ~~which~~ethnic ~~could~~or ~~result~~religious inconflict, aor ~~material~~instability ~~misstatement~~ in ~~our~~travel ~~financial~~origin ~~statements~~or indestination ~~future periods~~markets.

~~Changes~~As ina ~~Internal~~result ~~Control~~of ~~Over~~any ~~Financial~~of ~~Reporting~~these events, over which we have no control, our results of operations and financial condition could be materially and adversely affected.

~~There~~We ~~have~~may ~~been~~incur nolosses ~~changes~~for inbreaches ~~our~~of ~~internal~~security ~~control~~on ~~over~~our ~~financial reporting that occurred during the quarter ended September 30~~websites, ~~2015,~~failure ~~that~~to ~~have~~protect ~~materially~~confidential ~~affected,~~data or ~~are~~fraudulent ~~reasonably likely to materially affect, our internal control over financial reporting~~transactions.

~~Item~~We 9Banticipate relying substantially on online booking and credit card processing systems. ~~Other~~ ~~Information~~The internet industry in China faces significant challenges in the areas of information security and privacy, including the storage, transmission and sharing of confidential information. Our transactions are likely to be conducted through computers, mobile phones, tablet devices and other systems. In such transactions, the maintenance, storage and secure transmission of confidential information (such as itineraries, accommodation and other reservation information, personal information and payment information) is essential to maintain consumer confidence. Due to rapidly advancing technology and the growing variety, sophistication and complexity of information security threats, our current security measures may not be adequate to prevent future data or privacy breaches and other types of system attacks. In addition, PRC legal requirements, consumer and supplier expectations relating to the collection, use and protection of consumer information have increased in recent years. Security breaches or improper collection, storage or use of information on our or our other third-party systems could expose us to significant financial losses, adverse publicity, government action or litigation, which could harm our reputation and lessen our ability to attract and retain customers. Reputational or financial harm could also be caused by security or information breaches of our partners, including banks and travel suppliers, related to transactions by our customers.

~~Not~~27 ~~applicable.~~Table of Contents

24We expect our customers will generally pay using credit cards, debit cards or online methods. There have been and will likely continue to be attempts to use fraudulently obtained credit cards, fraudulent or stolen forms of online payment or fraudulent or stolen account information to pay for our products and services, to hack or otherwise compromise the security and confidentiality of our virtual cash, eCoupon and other systems and accounts, and to use other fraudulent or false schemes to steal from us. Frauds may be attempted by our employees, partners or other third parties acting individually or in concert with one another. New schemes and methods are likely to emerge in response to our increasing number and variety of marketing efforts and promotions, growing number of travel suppliers located throughout China, greater variety of products and services, and changes in our systems and processes. As fraudulent schemes, including but not limited to payment and transaction schemes and attacks on computer systems evolve and become more sophisticated, it may become increasingly difficult and costly for us to detect, minimize and prevent such fraud. Any fraud, theft or other compromise of the security of our systems or confidential data could cause us to incur significant and unforeseen financial and reputational losses.

~~Table~~Our business depends on the technology infrastructure of ~~Contents~~China’s internet and technology services provided by third parties.

~~PART~~Access ~~III~~to the internet in China is maintained through a network owned by state-owned Chinese telecommunications carriers under the regulatory supervision of China’s Ministry of Industry and Information Technology (the “MIIT”) and government security agencies. Networks in China connect to the internet through a government-controlled gateway, which is the only channel through which domestic Chinese users connect to the international internet network. We will rely on this infrastructure and the state-owned telecommunications companies to provide bandwidth and data capacity. We would have no access to alternative networks and services, on a timely basis, if at all, in the event of any infrastructure interruption, suspension or failure.

~~Item~~We 10will also rely on third-party computer systems, software and service providers, including the computerized reservation systems of accommodations and third party service providers such as eLong and Ctrip. ~~Directors~~ Third parties provide, ~~Executive~~for ~~Officers~~example, computer storage systems and ~~Corporate~~software ~~Governance~~licensing, support and maintenance services. In addition, third parties provide internet data centers which will hold many of our servers and other technology systems. These third-party data centers may be subject to system downtime, hacker attack, fraudulent access, natural disaster, human error or other causes leading to unexpected business interruptions. Any interruption in these or other third-party services or deterioration in their performance could impair the quality of our service. Furthermore, if our arrangements with any of these third parties are suspended, terminated, or no longer available on commercially acceptable terms, we may not be able to find an alternate source of support on a timely basis and on satisfactory terms.

~~Each~~Our ofresults ~~our~~may ~~directors~~fluctuate isdue ~~elected by the stockholders~~ to aseasonality ~~term~~in ~~of one year and serves until his or her successor is elected and qualified. Each of our officers is appointed by~~ the ~~board~~travel ofindustry ~~directors~~in ~~(the "Board") to a term of one year and serves until his or her successor is duly elected and qualified, or until he or she is removed from office~~China. ~~The Board has no nominating, audit or compensation committees.~~

The ~~name~~travel service industry in China is characterized by seasonal fluctuations, ~~address~~and accordingly our revenues vary from quarter to quarter. Historically, ~~age~~the ~~and~~first ~~position~~quarter of ~~our~~each ~~officers~~year generally results in lower revenues for the travel and ~~directors~~hospitality sector due to reduced business and leisure travel during the Chinese New Year holiday. The seasonality of the PRC travel market is ~~set~~affected ~~forth~~by ~~below:~~government regulation of public holidays, including for example, the decision by the State Council in 2008 to restructure the annual calendar of public holidays by adding a few shorter holidays and reducing the May 1st holiday from one week to three days. Our future results may continue to be affected by seasonality and regulatory adjustments to public holidays in China.

Name and Address	Position Held with the Company	Age	Date First Elected or Appointed
Chua Seong Song 11637 Orpington St. Orland, FL 32817	President, Chief Executive Officer (CEO) and Director	53	August 17, 2015
Low Tuan Lee 11637 Orpington St. Orland, FL 32817	Chief Financial Officer (CFO), Treasurer and Director	36	August 17, 2015
Lim Wei Lin 11637 Orpington St. Orland, FL 32817	Secretary and Director	34	August 17, 2015

Risks Related to Doing Business in China

~~Background~~PRC ~~Information~~economic, ~~about~~political ~~Our~~and ~~Officers~~social conditions, as well as changes in any government policies, laws and ~~Directors~~regulations, could adversely affect the overall economy in China or the energy and hospitality markets, which could harm our business.

~~The~~Substantially ~~following~~all isof aour ~~brief~~operations ~~account~~are ofconducted ~~the~~in ~~education~~China, and ~~business~~all ~~experience~~of ~~during~~our atnet ~~least~~revenues ~~the~~are ~~past~~derived ~~five~~from ~~years~~China. ofAccordingly, ~~each~~our ~~director~~business, ~~executive~~financial ~~officer~~condition, ~~and~~results ~~key employee~~ of ~~the Company~~operations, ~~indicating~~prospects ~~the~~and ~~person's~~certain ~~principal~~transactions ~~occupation~~we ~~during~~may ~~that~~undertake ~~period~~are subject, ~~and~~to ~~the~~a ~~name~~significant ~~and~~extent, ~~principal~~to ~~business~~economic, ofpolitical ~~the organization in which such occupation~~ and ~~employment~~legal ~~were~~developments ~~carried~~in ~~out~~China.

~~Chua~~The ~~Seong~~PRC ~~Seng~~economy differs from the economies of most developed countries in many respects, including the amount of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources. While the PRC economy has experienced significant growth in the past two to three decades, growth has been uneven, both geographically and among various sectors of the economy. Demand for our services and products depends, in large part, on economic conditions in China. Any slowdown in China’s economic growth may cause a slowdown in energy consumption and decrease in hospitality demand, which in turn could reduce our net revenues.

~~Mr.~~Although ~~Chua~~the isPRC aneconomy ~~Economist~~has ~~and~~been ~~has~~transitioning from a planned economy to a more ~~than~~market-oriented 20economy ~~years~~since ofthe ~~experience~~late in1970s, ~~corporate~~the ~~finance~~PRC ~~specializing~~government continues to play a significant role in ~~property~~regulating industry development by imposing industrial policies. The PRC government also exercises significant control over China’s economic growth through allocating resources, controlling the incurrence and ~~listing~~payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular industries or companies. Changes in ~~various~~any ~~stock~~of ~~exchanges~~these policies, laws and regulations could adversely affect the economy in China or the ~~world~~real estate development market, which could harm our business.

~~For the last~~ 28 ~~years,~~Table ~~Mr.~~of Chua has owned and operated a registered real estate agency and property consultancy firm located in Malaysia and with operations and clientele from Europe, South East Asia and the Middle East. Mr. Chua specializes in managing property and plantation structured corporate transactions, particularly in financing and marketing, including reverse take-overs.Contents

~~Mr.~~The ~~Chua~~PRC ~~sits~~government onhas ~~the~~implemented ~~board~~various ~~for~~measures ~~various~~to ~~construction~~encourage ~~companies~~foreign ~~from~~investment ~~China~~and ~~seeking~~sustainable ~~construction~~economic ~~contracts~~growth inand ~~Malaysia. Mr.~~to ~~Chua~~guide ~~has~~the ~~assisted~~allocation inof ~~listing~~financial ~~companies~~and onother resources, which have for the ~~Malaysian~~most ~~Stock~~part ~~Exchange,~~had ~~Singapore~~a ~~Stock~~positive ~~Exchange,~~effect ~~London~~on ~~Stock~~our ~~Exchange~~business and growth. However, we cannot assure you that the ~~Frankfurt~~PRC ~~Stock~~government ~~Exchange. From~~will ~~February~~not ~~25,~~repeal ~~2015~~or toalter ~~December~~these ~~12,~~measures ~~2015,~~or Mrintroduce new measures that will have a negative effect on us. ~~Chua~~China’s ~~served~~social and political conditions may also not be as stable as those of the ~~CEO~~United States (“US”) and aother ~~member~~developed ofcountries. Any sudden changes to China’s political system or the ~~Board~~occurrence of ~~Directors~~widespread ofsocial ~~Imperial~~unrest ~~Planation~~could ~~Corporation,~~have a ~~U.S.~~material ~~public~~adverse ~~company~~effect ~~trading~~ on ~~the~~our ~~OTCMarkets,~~business ~~under~~and ~~the~~results ~~symbol~~of ~~IMPC~~operations.

~~Lim~~Uncertainties ~~Wei~~with ~~Lin~~respect to the PRC legal system could harm us.

~~Ms.~~Our ~~Lim~~operations isin aChina ~~graduate~~are ofgoverned ~~RMIT~~by ~~University~~PRC ~~(Melbourne)~~laws ~~Australia,~~and ~~where~~regulations. ~~she~~The ~~obtained~~PRC ~~her~~legal ~~Masters~~system ofis ~~Professional~~a ~~Accounting. She~~civil ~~also~~law ~~obtain~~system ~~her~~based BAon ~~Honors~~written ~~degree,~~statutes. ~~Business~~Unlike ~~Administration~~common ~~from~~law ~~Plymouth~~systems, ~~University~~prior ~~(Plymouth)~~court ~~England~~decisions ~~and~~have alimited ~~Diploma~~precedential ofvalue. ~~Aesthetician~~The ~~from~~WFOEs ~~Top~~are generally subject to ~~Toe~~laws ~~College~~and ~~(Penang)~~regulations ~~Malaysia. Additionally,~~applicable ~~she~~to ~~attended~~foreign ~~Western~~investments ~~Michigan~~in ~~University~~China ~~Business~~and, ~~Foundation~~in ~~Program~~particular, atlaws ~~Sunway~~applicable ~~College~~to ~~(K.L.)~~wholly ~~Malaysia~~foreign-owned enterprises.

25Since 1979, PRC legislation and regulations have significantly enhanced the protections afforded to various forms of foreign investments in China. However, China has not developed a fully integrated legal system and recently-enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. In particular, because these laws and regulations are relatively new, and because of the limited volume of published decisions and their nonbinding nature, the interpretation and enforcement of these laws and regulations involve uncertainties. In addition, the PRC legal system is based in part on government policies and internal rules (some of which are not published on a timely basis or at all) that may have a retroactive effect. As a result, we may not be aware of our violation of these policies and rules until some-time after the violation has occurred. Moreover, some regulatory requirements issued by certain PRC government authorities may not be consistently applied by other government authorities, including local government authorities, thus making strict compliance with all regulatory requirements impractical, or in some circumstances, impossible. In addition, any litigation in China may be protracted and result in substantial costs and diversion of resources and management attention.

~~Table~~Any loans to our operating companies in the PRC, which are treated as foreign-invested enterprises under PRC laws, are subject to PRC regulations and foreign exchange loan registrations. For example, loans by us to our operating companies in the PRC to finance their activities cannot exceed statutory limits and must be registered with the local counterpart of ~~Contents~~the State Administration of Foreign Exchange, or SAFE. The statutory limit for the total amount of foreign debts of a foreign-invested company is the difference between the amount of total investment as approved by the PRC Ministry of Commerce (“MOC”) or its local counterpart and the amount of registered capital of such foreign-invested company.

MsWe may also decide to finance our operating businesses in the PRC by means of capital contributions. ~~Lim~~These ~~served~~capital ascontributions must be approved by the ~~sales~~MOC ~~and~~or ~~marketing~~its ~~manager~~local ofcounterpart. ~~Techware~~On ~~Property~~March ~~Development~~30, ~~Sdn~~2015, ~~Bhd~~SAFE ~~(Penang)~~promulgated ~~from~~Circular ~~December~~19, ~~2003~~which ~~through~~expands ~~January~~a ~~2007~~pilot reform of the administration of the settlement of the foreign exchange capitals of foreign-invested enterprises nationwide. ~~From~~ ~~May~~Circular ~~2007~~19 ~~through~~came ~~May~~into ~~2008~~force and replaced both previous Circular 142 and Circular 36 on June 1, ~~she~~2015. ~~served~~Circular as19 allows all foreign-invested enterprises established in the ~~Senior~~PRC ~~Consultant~~to ~~Personal~~use ~~Assistant~~their ~~for~~foreign ~~New~~exchange ~~Careers~~capital ~~Australia,~~to make equity investment and removes certain other restrictions provided in ~~Melbourne,~~Circular ~~Australia~~142. ~~Ms.~~ ~~Lim~~However, ~~served~~Circular as19 ancontinues ~~account~~to ~~manager~~prohibit ~~for~~foreign-invested ~~Light~~enterprises ~~Body~~from, ~~Ventures~~among ofother ~~Shanghai~~things, inusing ~~Shanghai~~CNY funds converted from its foreign exchange capital for expenditure beyond its business scope, ~~China~~providing entrusted loans or repaying loans between non-financial enterprises. In addition, ~~from~~SAFE ~~July~~strengthened ~~2009~~its ~~through~~oversight ~~February~~of ~~2010~~the flow and asuse of the ~~Branding~~CNY capital converted from foreign currency registered capital of a foreign-invested company. The use of such CNY capital may not be altered without SAFE’s approval, and ~~Marketing~~such ~~Manager~~CNY capital may not in any case be used to repay CNY loans if the proceeds of ~~Brilliant~~such &loans ~~Consulting~~have ~~Group~~not been used. Violations of Circular 19 could result in ~~Shanghai,~~severe ~~China~~monetary or other penalties. ~~Since~~ ~~May~~These ~~2012,~~circulars ~~she~~may ~~has~~significantly ~~been~~limit ~~serving~~our ability to use CNY converted from the ~~Director~~cash provided by our offshore financing activities to fund the establishment of ~~Marketing~~new ~~for~~entities ~~DerySoft~~in ~~Co.~~China by our WFOEs and operating companies in the PRC, ~~Ltd~~to invest in ~~Shanghai~~or acquire any other PRC companies through our WFOEs, ~~China~~or to establish new variable interest entities in the PRC.

~~Low~~In ~~Tuan~~light ~~Lee~~of the various requirements imposed by PRC regulations on loans to and direct investment in PRC entities by offshore holding companies, we cannot assure you that we will be able to complete the necessary government registrations or obtain the necessary government approvals on a timely basis, if at all, with respect to future loans to our operating companies in the PRC or future capital contributions by us to our operating companies in the PRC. If we fail to complete such registrations or obtain such approvals, our ability to use the proceeds we expect to receive from our public offerings and our private placements and to capitalize or otherwise fund our PRC operations may be negatively affected, which could materially and adversely affect our liquidity and our ability to fund and expand our business.

Mr29 ~~Low~~Table ~~is a graduate~~ of The University of Melbourne, Australia, and served as a business audit trainee with Earnest & Young, KL Malaysia from November, 2001 through December, 2001. From April 2003 through May 2007, he served a Senior Actuarial Product Manager for American International Group, KL Malaysia. Between June and December 2007, he served as the Senior Regional Actuarial Analyst for Metropolitan Life in Singapore. Mr. Low served as the Senior Product Manager, Cash/Trade/FX & Changel, and from January 2008 through June 2012, and Head of Transaction Banking and Product Specialists, from July 2012 through March 2013, SME Banking, Standard Chartered Bank China Co Ltd (SCB). Mr. Low is currently serving as the Director of Commercial Clients Shanghai, SCB China.Contents

~~Employment~~Restrictions ~~Agreements~~on currency exchange may limit our ability to receive and use our revenue effectively.

WeBecause ~~have~~all noof ~~formal~~our ~~employment~~revenue ~~agreements~~will ~~with~~be denominated in CNY, restrictions on currency exchange may limit our ability to use revenue generated in CNY to fund any ofbusiness activities we may have outside China or to make dividend payments to our ~~employees~~shareholders in U.S. dollars. The principal regulation governing foreign currency exchange in China is the Foreign Currency Administration Rules (1996), ~~directors~~as amended. Under these rules, CNY is freely convertible for trade and service-related foreign exchange transactions, but not for direct investment, loan or ~~officers~~investment in securities outside China unless the prior approval of SAFE is obtained. Although the PRC government regulations now allow greater convertibility of CNY for current account transactions, significant restrictions still remain. For example, foreign exchange transactions under our subsidiaries capital accounts, including principal payments in respect of foreign currency-denominated obligations, remain subject to significant foreign exchange controls. These limitations could affect our ability to obtain foreign exchange for capital expenditures. We cannot be certain that the PRC regulatory authorities will not impose more stringent restrictions on the convertibility of CNY, especially with respect to foreign exchange transactions.

~~Family~~Fluctuations ~~Relationships~~in the value of the CNY may have a material adverse effect on your investment.

MsSubstantially all of our revenues and expenditures are denominated in CNY, whereas our reporting currency is the U.S. ~~Lim~~dollar. ~~Wei~~As ~~Lin~~a result, fluctuations in the exchange rate between the U.S. dollar and Mr CNY will affect the relative purchasing power in CNY terms of our U.S. ~~Low~~dollar ~~Tuan~~assets ~~Lee~~and the proceeds from any public offering or private placement. Our reporting currency is the U.S. dollar while the functional currency for our operating companies in the PRC are ~~married~~CNY. Gains and losses from the remeasurement of assets and liabilities that are receivable or payable in CNY are included in our consolidated statements of operations. The remeasurement has caused the U.S. dollar value of our results of operations to vary with exchange rate fluctuations, and the U.S. dollar value of our results of operations will continue to vary with exchange rate fluctuations. A fluctuation in the value of CNY relative to the U.S. dollar could reduce our profits from operations and the translated value of our net assets when reported in U.S. dollars in our financial statements. This could have a negative impact on our business, financial condition or results of operations as reported in U.S. dollars. If we decide to convert our CNY into U.S. dollars for the purpose of making payments for dividends on our ordinary shares or for other business purposes, appreciation of the U.S. dollar against the CNY would have a negative effect on the U.S. dollar amount available to us. In addition, fluctuations in currencies relative to the periods in which the earnings are generated may make it more difficult to perform period-to-period comparisons of our reported results of operations.

~~Term~~The change in value of ~~Office~~the CNY against the U.S. dollar and other currencies is affected by, among other things, changes in China’s political and economic conditions. On July 21, 2005, the PRC government changed its decade-old policy of pegging the value of the CNY to the U.S. dollar. Under the current policy, the CNY is permitted to fluctuate within a narrow and managed band against a basket of certain foreign currencies. The PRC has decided to proceed further with reform of the CNY exchange regime and to enhance the CNY exchange rate flexibility. The People’s Bank of China regularly intervenes in the foreign exchange market to limit fluctuations in CNY exchange rates and achieve policy goals. During the period between July 2008 and June 2010, the exchange rate between the CNY and the U.S. dollar had been stable and traded within a narrow range. Since June 2010, the CNY has fluctuated against the U.S. dollar, at times significantly and unpredictably. It is difficult to predict how long such depreciation of CNY against the U.S. dollar may last and when and how the relationship between the CNY and the U.S. dollar may change again.

~~Each~~There ofremains ~~our~~significant ~~directors~~international ispressure ~~elected~~on by the ~~stockholders~~PRC government to adopt a ~~term~~flexible currency policy. Any significant appreciation or depreciation of ~~one~~the ~~year~~CNY may materially and ~~serves~~adversely ~~until~~affect ~~his~~our orrevenues, ~~her~~earnings ~~successor~~and isfinancial ~~elected~~position, and ~~qualified. Each~~the value of, and any dividends payable on, our ~~officers~~common isstock ~~appointed~~in byU.S. ~~the~~dollars. ~~board~~For ofexample, ~~directors~~to (the ~~"Board")~~extent that we need to aconvert ~~term~~U.S. ofdollars ~~one~~we ~~year~~receive ~~and~~from ~~serves~~our ~~until~~public ~~his~~offerings or ~~her~~private ~~successor~~placements isinto ~~duly~~CNY ~~elected~~to ~~and~~pay ~~qualified~~our operating expenses, orappreciation ~~until~~of hethe orCNY ~~she~~against isthe ~~removed~~U.S. dollar would have an adverse effect on the CNY amount we would receive from ~~office~~the conversion. ~~The~~ ~~Board~~Conversely, ~~has~~a nosignificant ~~nominating~~depreciation of the CNY against the U.S. dollar may significantly reduce the U.S. dollar equivalent of our earnings, ~~audit~~which orin ~~compensation~~turn ~~committees~~could adversely affect the price of our common stock.

~~Our~~Very ~~directors~~limited ~~cease~~hedging options are available in China to ~~hold~~reduce ~~office~~our ~~immediately~~exposure ~~before~~to ~~their~~exchange ~~election~~rate atfluctuations. anTo ~~annual~~date, ~~general~~we ~~meeting~~have ornot ~~their~~entered ~~appointment~~into byany ~~the~~hedging ~~unanimous~~transactions ~~resolution~~in ofan ~~our~~effort ~~shareholders,~~to ~~but~~reduce ~~are~~our ~~eligible~~exposure ~~for~~to ~~re-election~~foreign orcurrency ~~re-appointment~~exchange risk. ~~Notwithstanding~~While we may decide to enter into hedging transactions in the ~~foregoing~~future, ~~our~~the ~~directors~~availability ~~hold~~and ~~office~~effectiveness ~~until~~of ~~their~~these ~~successors~~hedges ~~are~~may ~~elected~~be orlimited ~~appointed,~~and orwe ~~until~~may ~~their~~not ~~deaths,~~be ~~resignations~~able to adequately hedge our exposure or ~~removals~~at all. ~~Our~~In ~~officers~~addition, ~~hold~~our ~~office~~currency atexchange ~~the~~losses ~~discretion~~may ofbe magnified by PRC exchange control regulations that restrict our ~~board~~ability ofto ~~directors,~~convert orCNY ~~until~~into ~~their~~foreign ~~deaths~~currency. As a result, ~~resignations~~fluctuations orin ~~removals~~exchange rates may have a material adverse effect on the price of our common stock.

~~Potential~~Any ~~Conflicts~~failure ofto ~~Interest~~comply with PRC regulations regarding the registration requirements for employee stock incentive plans may subject us or any future participants in any PRC plans that we may create to fines and other legal or administrative sanctions.

WeIn ~~are~~February ~~not~~2012, ~~aware~~SAFE promulgated the Notices on Issues Concerning the Foreign Exchange Administration for Domestic Individuals Participating in Stock Incentive Plan of Overseas Publicly-Listed Company, replacing earlier rules promulgated in March 2007. Pursuant to these rules, PRC citizens and non-PRC citizens who reside in China for a continuous period of not less than one year who participate in any ~~conflicts~~stock incentive plan of ~~interest~~an overseas publicly listed company, subject to a few exceptions, are required to register with SAFE through a domestic qualified agent, which could be the PRC subsidiary of such overseas listed company, and complete certain other procedures. In addition, an overseas entrusted institution must be retained to handle matters in connection with the exercise or sale of stock options and the purchase or sale of shares and interests. We do not currently have an established stock option plan or other employee ownership plan. However, in the event that we establish a stock option plan or other employee ownership plan, we and our ~~directors~~executive officers and other employees who are PRC citizens or who have resided in the PRC for a continuous period of not less than one year and who have been granted options or other awards would be subject to these regulations. Failure to complete the SAFE registrations may subject them to fines and legal sanctions and may also limit our ability to contribute additional capital into our operating companies in the PRC and limit the ability of our operating companies in the PRC to distribute dividends to us. We also face regulatory uncertainties that could restrict our ability to adopt additional incentive plans for our directors, executive officers and employees under PRC law.

~~Involvement~~30 inTable ~~Certain~~of ~~Legal Proceedings~~Contents

ToPRC regulations relating to offshore investment activities by PRC residents may limit the ability of our ~~knowledge,~~operating ~~during~~companies in the ~~past~~PRC ~~ten~~to ~~years,~~increase notheir ~~present~~registered capital or ~~former~~distribute ~~directors~~profits to us or ~~executive~~otherwise ~~officer~~expose us or the registered beneficial owners of our ~~company:~~operating companies in the PRC to liability and penalties under PRC law.

~~(1)~~SAFE ~~filed~~promulgated athe ~~petition~~Circular ~~under~~on ~~the~~Relevant ~~federal~~Issues ~~bankruptcy~~Relating ~~laws~~to orDomestic ~~any~~Resident’s ~~state~~Investment ~~insolvency~~and ~~law~~Financing and Roundtrip Investment through Special Purpose Vehicles, ~~nor~~or ~~had~~SAFE aCircular ~~receiver~~37, ~~fiscal~~in ~~agent~~July 2014 that requires PRC residents or ~~similar~~entities ~~officer~~to ~~appointed~~register bywith aSAFE ~~court~~or its local branch in connection with the establishment or control of an offshore entity established for the ~~business~~purpose of overseas investment or ~~present~~financing. In addition, such PRC residents or entities must update their SAFE registrations when the offshore special purpose vehicle undergoes material events relating to any change of basic information (including change of such aPRC ~~person~~citizens or residents, name and operation term), increases or ~~any~~decreases ~~partnership~~in investment amount, transfers or exchanges of shares, or mergers or divisions. SAFE Circular 37 is issued to replace the Notice on Relevant Issues Concerning Foreign Exchange Administration for PRC Residents Engaging in ~~which~~Financing heand ~~was~~Roundtrip aInvestments ~~general~~via ~~partner~~Overseas atSpecial Purpose Vehicles, or ~~within~~SAFE ~~two~~Circular ~~years~~75. ~~before~~SAFE promulgated the ~~time~~Notice on Further Simplifying and Improving the Administration of ~~such~~the ~~filing~~Foreign Exchange Concerning Direct Investment in February 2015, which took effect on June 1, 2015. This notice has amended SAFE Circular 37 requiring PRC residents or ~~any~~entities ~~corporation~~to register with qualified banks rather than SAFE or ~~business~~its ~~association~~local ofbranch ~~which~~in heconnection ~~was~~with antheir ~~executive~~establishment ~~officer~~or ~~within~~control ~~two~~of ~~years~~an ~~before~~offshore entity established for the ~~time~~purpose of ~~such~~overseas ~~filing;~~investment or financing.

26If our current or future shareholders who are PRC residents or entities do not complete their registration as required, our operating companies in the PRC may be prohibited from distributing their profits and proceeds from any reduction in capital, share transfer or liquidation to us, and we may be restricted in our ability to contribute additional capital to our operating companies in the PRC. Moreover, failure to comply with the SAFE registration described above could result in liability under PRC laws for evasion of applicable foreign exchange restrictions.

~~Table~~We may not be informed of ~~Contents~~the identities of all the PRC residents or entities holding direct or indirect interest in our company, nor can we compel our beneficial owners to comply with SAFE registration requirements. As a result, we cannot assure you that all of our shareholders or beneficial owners who are PRC residents or entities have complied with, and will in the future make or obtain any applicable registrations or approvals required by, SAFE regulations. Failure by such shareholders or beneficial owners to comply with SAFE regulations, or failure by us to amend the foreign exchange registrations of our operating companies in the PRC, could subject us to fines or legal sanctions, restrict our overseas or cross-border investment activities, limit the ability of our operating companies in the PRC to make distributions or pay dividends to us or affect our ownership structure, which could adversely affect our business and prospects.

	(2)	was convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);
	(3)	was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting the following activities: (i) acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliated person, directors of any investment company, or engaging in or continuing any conduct or practice in connection with such activity; (ii) engaging in any type of business practice; (iii) engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodity laws;

As it is uncertain how the SAFE regulations will be interpreted or implemented, we cannot predict how these regulations will affect our business operations or future strategy. For example, we may be subject to a more stringent review and approval process with respect to our foreign exchange activities, such as remittance of dividends and obtaining foreign currency denominated borrowings, which may harm our results of operations and financial condition. In addition, if we decide to acquire a PRC domestic company, we cannot assure you that we or the owners of such company, as the case may be, will be able to obtain the necessary approvals or complete the necessary filings and registrations required by the SAFE regulations. This may restrict our ability to implement our acquisition strategy and could adversely affect our business and prospects.

~~(4)~~The ~~was~~M&A ~~the~~Rules ~~subject~~and ofcertain ~~any~~other ~~order,~~PRC ~~judgment~~regulations orestablish ~~decree,~~complex ~~not~~procedures ~~subsequently~~for ~~reversed,~~some ~~suspended~~acquisitions ~~or vacated,~~ of ~~any~~Chinese ~~federal~~companies orby ~~state~~foreign ~~authority barring~~investors, ~~suspending~~which orcould ~~otherwise~~make ~~limiting~~it ~~for~~ more ~~than~~difficult 60for ~~days~~us ~~the right of such person~~ to ~~engage~~pursue ingrowth ~~any~~through ~~activity~~acquisitions ~~described above under this Item, or to be associated with persons engaged~~ in ~~any such activity;~~China.

~~(5)~~The ~~was~~Regulations ~~found~~on Mergers and Acquisitions of Domestic Companies by aForeign ~~court~~Investors, or the M&A Rules, adopted by six PRC regulatory agencies in August 2006 and amended in 2009, and some other regulations and rules concerning mergers and acquisitions established additional procedures and requirements that could make merger and acquisition activities by foreign investors more time consuming and complex, including requirements in some instances that the MOC be notified in advance of ~~competent~~any ~~jurisdiction~~change-of-control transaction in which a ~~civil~~foreign ~~action~~investor ortakes control of a PRC domestic enterprise. Moreover, the Anti-Monopoly Law requires that the MOC shall be notified in advance of any concentration of undertaking if certain thresholds are triggered. In addition, the security review rules issued by the ~~Securities~~MOC that became effective in September 2011 specify that mergers and ~~Exchange~~acquisitions ~~Commission~~by foreign investors that raise “national defense and security” concerns and mergers and acquisitions through which foreign investors may acquire de facto control over domestic enterprises that raise “national security” concerns are subject to ~~have~~strict ~~violated~~review by the MOC, and the rules prohibit any ~~federal~~activities attempting to bypass a security review, including by structuring the transaction through a proxy or ~~state~~contractual ~~securities~~control ~~law~~arrangement. In the future, we may grow our business by acquiring complementary businesses. Complying with the requirements of the above-mentioned regulations and other relevant rules to complete such transactions could be time consuming, and any required approval processes, including obtaining approval from the ~~judgment~~MOC inor ~~subsequently~~its ~~reversed~~local counterparts may delay or inhibit our ability to complete such transactions, ~~suspended~~which could affect our ability to expand our business or ~~vacate;~~maintain our market share.

~~(6)~~31 ~~was~~Table ~~found by a court~~ of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.Contents

~~Compliance~~Under ~~with~~the ~~Section~~PRC ~~16(~~Enterprise Income Tax Law, our company and/or our operating companies in the PRC may be classified as a) “resident enterprise” of the ~~Exchange~~PRC. ~~Act~~Such classification could result in tax consequences to us, our non-PRC resident shareholders and our operating companies in the PRC.

~~The~~Under ~~Company's~~the ~~common~~PRC ~~stock~~Enterprise Income Tax Law and its implementation rules, an enterprise established outside of the PRC with a “de facto management body” within the PRC is ~~not~~considered ~~registered~~a ~~pursuant~~resident enterprise and will be subject to ~~Section~~the 12enterprise ofincome tax on its global income at the ~~Exchange~~rate ~~Act~~of 25%. ~~Accordingly~~ The implementation rules define the term “de facto management body” as the body that exercises full and substantial control over and overall management of the business, ~~officers~~productions, ~~directors~~personnel, accounts and ~~principal~~properties ~~shareholders~~of ~~are~~an enterprise. In April 2009, the State Administration of Taxation issued a circular, known as Circular 82, which provides certain specific criteria for determining whether the “de facto management body” of a PRC-controlled enterprise that is incorporated offshore is located in China. Although this circular only applies to offshore enterprises controlled by PRC enterprises or PRC enterprise groups, not those controlled by PRC individuals or foreigners like us, the criteria set forth in the circular may reflect the State Administration of Taxation’s general position on how the “de facto management body” test should be applied in determining the tax resident status of all offshore enterprises. According to Circular 82, an offshore incorporated enterprise controlled by a PRC enterprise or a PRC enterprise group will be regarded as a PRC tax resident by virtue of having its “de facto management body” in China and will be subject to ~~the~~PRC ~~beneficial~~enterprise ~~ownership~~income ~~reporting~~tax ~~requirements~~on its global income only if all of ~~Section~~the 16following conditions are met: (ai) the primary location of the ~~Exchange~~day-to-day ~~Act~~operational management is in the PRC; (ii) decisions relating to the enterprise’s financial and human resource matters are made or are subject to approval by organizations or personnel in the PRC; (iii) the enterprise’s primary assets, accounting books and records, company seals, and board and shareholder resolutions, are located or maintained in the PRC; and (iv) at least 50% of voting board members or senior executives habitually reside in the PRC.

~~Code~~We believe none of ~~Ethics~~our entities outside of China is a PRC resident enterprise for PRC tax purposes. However, the tax resident status of an enterprise is subject to determination by the PRC tax authorities and uncertainties remain with respect to the interpretation of the term “de facto management body.” As substantially all of our management members are based in China, it remains unclear how the tax residency rule will apply to our case. If the PRC tax authorities determine that our company and/or our non-PRC registered subsidiaries are a “resident enterprise” for PRC enterprise income tax purposes, a number of PRC tax consequences could follow. First, our company and/or our non-PRC registered subsidiaries could be subject to the enterprise income tax at a rate of 25 percent on our and/or our non-PRC registered subsidiaries’ worldwide taxable income, as well as PRC enterprise income tax reporting obligations. Second, under the EIT Law and its implementing rules, dividends paid between “qualified resident enterprises” are exempt from enterprise income tax. As a result, if our company and/or our non-PRC registered subsidiaries are treated as PRC “qualified resident enterprises” all dividends paid from our non-PRC registered subsidiaries to us (through our operating companies in the PRC) should be exempt from PRC tax.

WeFinally, ~~have~~the ~~adopted~~“resident enterprise” classification could result in a ~~Code~~situation ofin ~~Business~~which ~~Conduct~~a ~~and~~10 ~~Ethics~~percent ~~that~~PRC ~~applies~~tax ~~to,~~is ~~among~~imposed ~~other~~on ~~persons,~~dividends ~~members~~we ofpay to our ~~board~~non-PRC ofstockholders ~~directors,~~that ~~our~~are ~~company's~~not ~~officers~~PRC ~~including~~tax “resident enterprises” and gains derived by them from transferring our ~~president~~common stock, ~~chief~~if ~~executive~~such ~~officer~~income ~~and~~is ~~chief~~considered ~~financial~~PRC-sourced ~~officer,~~income ~~employees,~~by ~~consultants~~the ~~and~~relevant ~~advisors~~PRC authorities. AsIn ~~adopted~~such event, ~~our~~we ~~Code~~may be required to withhold a 10 percent PRC tax on any dividends paid to non-PRC resident stockholders. Our non-PRC resident stockholders also may be responsible for paying PRC tax at a rate of ~~Business~~10 ~~Conduct~~percent ~~and~~on ~~Ethics~~any ~~sets~~gain ~~forth~~realized ~~written~~from ~~standards~~the ~~that~~sale ~~are~~or ~~designed~~transfer of our common stock in certain circumstances. We would not, however, have an obligation to ~~deter~~withhold ~~wrongdoing~~PRC ~~and~~tax with respect to ~~promote:~~such gain.

1If any such PRC tax applies, a non-PRC resident investor may be entitled to a reduced rate of PRC tax under an applicable income tax treaty and/or a deduction against such investor’s domestic taxable income or a foreign tax credit against such investor’s domestic income tax liability (subject to applicable conditions and limitations). ~~honest~~In the case of a U.S. holder, if a PRC tax applies to dividends paid on our common stock, or to gain from the disposition of our common stock, such tax should be treated as a foreign tax eligible for a deduction from such holder’s U.S. federal taxable income or a foreign tax credit against such holder’s U.S. federal income tax liability (subject to applicable conditions and ~~ethical~~limitations). ~~conduct~~In addition, the U.S. holder should be entitled to certain benefits under the agreement between the Government of the United States of America and the Government of the People’s Republic of China for the Avoidance of Double Taxation and the Prevention of Tax Evasion with Respect to Taxes on Income (the “U.S.-PRC Tax Treaty”), including the ~~ethical~~treatment ~~handling~~of any such income as arising in the PRC for purposes of ~~actual~~calculating orsuch ~~apparent~~foreign ~~conflicts~~tax credit, if such holder is considered a resident of ~~interest~~the ~~between~~United ~~personal~~States for the purposes of the U.S.-PRC Tax Treaty. Prospective investors should consult with their own tax advisors regarding the applicability of any such taxes, the effects of any applicable income tax treaties, and ~~professional~~any ~~relationships;~~available foreign tax credits.

2.32 ~~full,~~Table ~~fair,~~of ~~accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications made by us;~~Contents

3.Enhanced ~~compliance~~scrutiny ~~with~~over ~~applicable~~acquisition ~~governmental~~transactions ~~laws,~~by ~~rules~~the ~~and~~PRC ~~regulations;~~tax authorities may have a negative impact on potential acquisitions we may pursue in the future.

4.The ~~the~~PRC ~~prompt~~tax ~~internal~~authorities ~~reporting~~have ofenhanced ~~violations~~their ofscrutiny over the ~~Code~~direct or indirect transfer of ~~Business~~certain ~~Conduct~~taxable assets, including, in particular, equity interests in a PRC resident enterprise, by a non-resident enterprise by promulgating and ~~Ethics~~implementing toSAT anCircular ~~appropriate~~59 ~~person~~and orCircular ~~persons~~698, ~~identified~~which became effective in ~~the~~January ~~Code~~2008, and a Circular 7 in replacement of ~~Business~~some ~~Conduct~~of ~~and~~the ~~Ethics;~~existing ~~and~~rules in Circular 698, which became effective in February 2015.

5.Under ~~accountability~~Circular ~~for~~698, ~~adherence~~where a non-resident enterprise conducts an “indirect transfer” by transferring the equity interests of a PRC “resident enterprise” indirectly by disposing of the equity interests of an overseas holding company, the non-resident enterprise, being the transferor, may be subject to PRC enterprise income tax, if the ~~Code~~indirect transfer is considered to be an abusive use of ~~Business~~company ~~Conduct~~structure ~~and~~without ~~Ethics~~reasonable commercial purposes. As a result, gains derived from such indirect transfer may be subject to PRC tax at a rate of up to 10%. Circular 698 also provides that, where a non-PRC resident enterprise transfers its equity interests in a PRC resident enterprise to its related parties at a price lower than the fair market value, the relevant tax authority has the power to make a reasonable adjustment to the taxable income of the transaction.

~~Our~~In ~~Code~~February 2015, the SAT issued Circular 7 to replace the rules relating to indirect transfers in Circular 698. Circular 7 has introduced a new tax regime that is significantly different from that under Circular 698. Circular 7 extends its tax jurisdiction to not only indirect transfers set forth under Circular 698 but also transactions involving transfer of ~~Business~~other ~~Conduct~~taxable ~~and~~assets, ~~Ethics~~through ~~requires~~the offshore transfer of a foreign intermediate holding company. In addition, ~~among~~Circular 7 provides clearer criteria than Circular 698 on how to assess reasonable commercial purposes and has introduced safe harbors for internal group restructurings and the purchase and sale of equity through a public securities market. Circular 7 also brings challenges to both the foreign transferor and transferee (or other ~~things,~~person ~~that~~who ~~all~~is obligated to pay for the transfer) of ~~our~~the taxable assets. Where a non-resident enterprise conducts an “indirect transfer” by transferring the taxable assets indirectly by disposing of the equity interests of an overseas holding company's, ~~senior~~the ~~officers~~non-resident ~~commit~~enterprise being the transferor, or the transferee, or the PRC entity which directly owned the taxable assets may report to ~~timely~~the relevant tax authority such indirect transfer. Using a “substance over form” principle, ~~accurate~~the ~~and~~PRC ~~consistent~~tax ~~disclosure~~authority may disregard the existence of ~~information;~~the ~~that~~overseas ~~they~~holding ~~maintain~~company ~~confidential~~if ~~information;~~it lacks a reasonable commercial purpose and ~~that~~was ~~they~~established ~~act~~for ~~with~~the ~~honesty~~purpose of reducing, avoiding or deferring PRC tax. As a result, gains derived from such indirect transfer may be subject to PRC enterprise income tax, and ~~integrity~~the transferee or other person who is obligated to pay for the transfer is obligated to withhold the applicable taxes, currently at a rate of 10% for the transfer of equity interests in a PRC resident enterprise.

27We face uncertainties on the reporting and consequences on future private equity financing transactions, share exchange or other transactions involving the transfer of shares in our company by investors that are non-PRC resident enterprises. The PRC tax authorities may pursue such non-resident enterprises with respect to a filing or the transferees with respect to withholding obligation, and request our PRC subsidiaries to assist in the filing. As a result, we and non-resident enterprises in such transactions may become at risk of being subject to filing obligations or being taxed, under Circular 59 or Circular 698 and Circular 7, and may be required to expend valuable resources to comply with Circular 59, Circular 698 and Circular 7 or to establish that we and our non-resident enterprises should not be taxed under these circulars, which may have a material adverse effect on our financial condition and results of operations.

~~Table~~The PRC tax authorities have the discretion under SAT Circular 59, Circular 698 and Circular 7 to make adjustments to the taxable capital gains based on the difference between the fair value of ~~Contents~~the taxable assets transferred and the cost of investment. Although we currently have no plans to pursue any acquisitions in China or elsewhere in the world, we may pursue acquisitions in the future that may involve complex corporate structures. If we are considered a non-resident enterprise under the PRC Enterprise Income Tax Law and if the PRC tax authorities make adjustments to the taxable income of the transactions under SAT Circular 59 or Circular 698 and Circular 7, our income tax costs associated with such potential acquisitions will be increased, which may have an adverse effect on our financial condition and results of operations.

InWe ~~addition,~~face ~~our~~risks ~~Code~~related ofto ~~Business~~natural ~~Conduct and Ethics emphasizes that all employees~~disasters, ~~and~~health ~~particularly~~epidemics ~~senior officers, have a responsibility for maintaining financial integrity within our company, consistent with generally accepted accounting principles,~~ and ~~federal and state securities laws. Any senior officer, who becomes aware of any incidents involving financial or accounting manipulation or~~ other ~~irregularities~~outbreaks, ~~whether~~which bycould ~~witnessing~~significantly ~~the~~disrupt ~~incident or being told of it, must report it to~~ our ~~company~~operations. Any failure to report such inappropriate or irregular conduct of others is to be treated as a severe disciplinary matter. It is against our company policy to retaliate against any individual who reports in good faith the violation or potential violation of our company's Code of Business Conduct and Ethics by another.

~~Our~~We ~~Code~~are ofvulnerable ~~Business~~to ~~Conduct~~natural disasters and ~~Ethics~~other ~~was~~calamities. ~~filed~~Fire, asfloods, ~~Exhibit~~typhoons, ~~14.1~~earthquakes, power loss, telecommunications failures, break-ins, war, riots, terrorist attacks or similar events may give rise to server interruptions, breakdowns, system failures, technology platform failures or internet failures, which could cause the loss or corruption of data or malfunctions of software or hardware as well as adversely affect our ~~Annual~~ability ~~Report~~to provide products and services on ~~Form~~our ~~10-K~~platform. ~~for~~Our ~~fiscal~~business ~~year~~could ~~ended~~also ~~September~~be 30adversely affected by the effects of Zika virus, ~~2014~~Ebola virus disease, H1N1 flu, H7N9 flu, avian flu, Severe Acute Respiratory Syndrome, or SARS, or other epidemics. WeOur ~~will~~business ~~provide~~operations acould ~~copy~~be disrupted if any of ~~the~~our ~~Code~~employees is suspected of ~~Business~~having ~~Conduct~~Zika virus, Ebola virus disease, H1N1 flu, H7N9 flu, avian flu, SARS or other epidemic, since it could require our employees to be quarantined and/or ~~Ethics~~our offices to ~~any~~be ~~person~~disinfected. ~~without~~In ~~charge~~addition, ~~upon~~our ~~request.~~results ~~Requests~~of ~~can~~operations could be ~~sent~~adversely affected to: ~~Axiom~~the ~~Holdings,~~extent ~~Inc.,~~that ~~11637~~any ~~Orpington~~of ~~St,~~these ~~Orlando,~~epidemics ~~FL 32817~~harms the Chinese economy in general.

~~Board~~33 ~~and~~Table ~~Committee~~of ~~Meetings~~Contents

~~The~~Labor ~~Board~~laws ~~has~~in nothe ~~nominating,~~PRC ~~audit~~may oradversely ~~compensation~~affect ~~committees~~our results of operations.

~~Nomination~~The ~~Process~~PRC Labor Law and the Labor Contract Law require that employers must execute written employment contracts with full-time employees. If an employer fails to enter into a written employment contract with an employee within one year from the date on which the employment relationship is established, the employer must rectify the situation by entering into a written employment contract with the employee and pay the employee twice the employee’s salary for the period from the day following the lapse of one month from the date of establishment of the employment relationship to the day prior to the execution of the written employment contract. All employers must compensate their employees with wages equal to at least the local minimum wage standards. Violations of the PRC Labor Law and the Labor Contract Law may result in the imposition of fines and other administrative sanctions, and serious violations may result in criminal liabilities. In the event we decide to significantly change or decrease our workforce, the PRC Labor Law and the Labor Contract Law could adversely affect our ability to enact such changes in a manner that is most advantageous to our business or in a timely and cost-effective manner, thus materially adversely affecting our financial condition and results of operations.

WeEnterprises doin ~~not~~China ~~have~~are required by PRC laws and regulations to participate in certain employee benefit plans, including social insurance funds, namely a ~~nominating~~pension ~~committee~~plan, a medical insurance plan, an unemployment insurance plan, a work-related injury insurance plan and a maternity insurance plan, and a housing provident fund, and contribute to the plans or funds in amounts equal to certain percentages of salaries, including bonuses and allowances, of the employees as specified by the local government from time to time at locations where they operate their businesses or where they are located. Failure to make adequate contributions to various employee benefit plans may be subject to fines and other administrative sanctions.

~~Audit~~We ~~Committee~~are dependent on certain key personnel and the loss of these key personnel could have a material adverse effect on our business, financial condition and results of operations.

WeOur dosuccess ~~not~~will be, to a large degree, attributable to the founders, managers and key employees of the companies operating in the PRC. Although we have anno ~~audit~~reason ~~committee~~to believe that these individuals would discontinue their services with us, the loss of one or more of these founders, managers or key employees could have a material adverse effect upon our business, financial condition and results of operations.

~~Audit~~We ~~Committee~~may ~~Financial~~not ~~Expert~~be able to manage our business expansion and increasingly complicated operations effectively, which could harm our business.

~~Our~~We ~~board~~plan ofto ~~directors~~expand ~~does~~by ~~not~~means ~~have~~of aacquiring ~~member~~cash-generating ~~that~~businesses ~~qualifies~~in similar industries as anour ~~"audit~~companies ~~committee~~operating in the PRC, and also in other competitive industries in the PRC and outside of the PRC. If our planned expansion is successful, it will result in substantial demands on our management and personnel and our operational, technological and other resources. To manage the expected growth of our operations, we will be required to expand our existing operational, administrative and technological systems and our financial ~~expert"~~systems, asprocedures ~~defined~~and controls, and to expand, train and manage the planned growth in ~~Item~~our ~~407(d)(5)(ii)~~employee base. We cannot assure you that our current and planned personnel, systems, procedures and controls will be adequate to support our future operations, or that we will be able to effectively and efficiently manage the growth of ~~Regulation~~our ~~S-K~~operations, and recruit and retain qualified personnel. Any failure to effectively and efficiently manage our expansion may materially and adversely affect our ability to capitalize on new business opportunities, which in turn may have a material adverse effect on our financial condition and results of operations.

~~Item~~Our ~~11. Executive~~power ~~Compensation~~production business and construction of properties for our hotel business are both dependent upon availability of skilled and unskilled labor, a deficiency of which could result in a reduction in profits.

~~The~~Our ~~particulars~~operating ofcompanies in the ~~compensation~~PRC ~~paid~~are todependent on the ~~following~~availability ~~persons:~~of skilled and unskilled labor in large numbers. Large labor intensive operations call for good monitoring and maintenance of cordial relations. Non-availability of labor, poor labor management and/or any disputes between the labor and management may result in a reduction in profits. The scarcity or unavailability of contract laborers may affect our operations and financial performance.

~~(a)~~We ~~our~~face ~~principal~~increasing ~~executive~~labor ~~officer;~~costs ~~(b)~~and ~~each~~other ofcosts ~~our two most highly compensated executive officers who were serving as executive officers at the end~~ of ~~the~~production ~~years~~in ~~ended September 2015 and 2014; and (c) up to two additional individuals for whom disclosure would have been provided under (b) but for~~ the ~~fact~~PRC, ~~that~~which ~~the~~could ~~individual~~limit ~~was not serving as~~ our ~~executive officer at the end of the years ended September 30, 2015 and 2014,~~profitability.

~~who~~Our weoperating ~~will~~companies ~~collectively~~in ~~refer~~the toPRC asare ~~the~~dependent ~~named~~on ~~executive~~the ~~officers~~availability of skilled and unskilled labor in large numbers. Labor costs in the ~~Company,~~PRC ~~are~~have ~~set~~been ~~out~~increasing in recent years and our labor costs in the ~~following~~PRC ~~summary~~could ~~compensation~~continue ~~table,~~to ~~except~~increase ~~that~~in nothe ~~disclosure~~future. isIf ~~provided~~labor ~~for~~costs ~~any~~in ~~named~~the ~~executive~~PRC ~~officer~~continue to increase, ~~other~~our ~~than~~production costs will likely increase which may in turn affect the ~~principal~~selling ~~executive~~prices ~~officers,~~of ~~whose~~our ~~total~~products. ~~compensation~~We ~~did~~may not ~~exceed~~be ~~$100,000~~able ~~for~~to pass on these increased costs to consumers by increasing the ~~respective~~selling ~~fiscal~~prices ~~year~~of our products in light of competitive pressure in the markets where we operate. In such circumstances, our profit margin may decrease.

28We have not purchased insurance coverage and any loss resulting from direct or third party liability claims or casualty losses must be paid by us.

~~Table~~We have not purchased insurance coverage for direct or third party liability and are therefore not covered or compensated by insurance in respect of ~~Contents~~losses, damages, claims and liabilities arising from or in connection with direct or third party liability. In addition, we currently do not maintain any property insurance policies covering losses due to fire, flood, earthquake, equipment failure, break-ins, typhoons and similar events, nor do we maintain business interruption insurance. As a result, our business and prospects could be adversely affected in the event of such problems in our operations and may suffer losses that could have a material adverse effect on our business, financial condition, results of operations, or cash flows.

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensation ($)	Total ($)
Chua Seong Seng(1) President, Chief Executive officer, and Director	2015 2014	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil
Low Tuan Lee(1) Chief Financial Officer, Treasurer, and Director	2015 2014	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil
Lim Wei Lin(1) Secretary and Director	2015 2014	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil
Michael Hay(2) President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Director	2015 2014	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	7,700(4) 6,000(4)	7,700 6,000
Jake Martin(3) Secretary and Director	2015 2014	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil

Table of Contents

~~(1)~~Violation Onof ~~August~~Foreign ~~17,~~Corrupt ~~2015,~~Practices ~~Mr.~~Act ~~Chua~~or ~~Seong~~China ~~Seng~~anti-corruption ~~was~~law ~~appointed~~could assubject ~~the~~us ~~President,~~to ~~Chief~~penalties ~~Executive Officer~~ and aother ~~director,~~adverse Msconsequences. Lim Wei Lin was appointed as Secretary and a director, and Mr. Low Tuan Lee was appointed as Chief Financial Officer, Treasurer and a director of the Company. Ms. Lim Wei Lin and Mr. Low Tuan Lee are married.

We are subject to the United States Foreign Corrupt Practices Act (2“FCPA”) Mrwhich generally prohibits United States public companies from bribing or making prohibited payments to foreign officials to obtain or retain business. ~~Hay~~PRC ~~was~~law ~~appointed~~also asstrictly aprohibits ~~director,~~bribery ~~President,~~of ~~Chief~~government ~~Executive~~officials. ~~Officer,~~While ~~Chief~~we ~~Financial~~take ~~Officer,~~precautions to educate our employees about the FCPA and ~~Treasurer~~Chinese anti-corruption law, there can be no assurance that we or the employees or agents of our ~~company~~subsidiaries onwill ~~August~~not 7engage in such conduct, ~~2013.~~for Mrwhich we may be held responsible. ~~Hay~~If ~~resigned~~that ~~from~~were ~~all~~to ofoccur, ~~his~~we ~~positions~~could ~~effective~~suffer ~~August~~penalties 17that may have a material adverse effect on our business, ~~2015~~financial condition and results of operations.

~~(3)~~Risks ~~Mr.~~Related ~~Martin~~to ~~was~~Our ~~appointed~~Common ~~as a director and as Secretary on August 7, 2013. Mr. Martin resigned from all of his positions effective August 17, 2015.~~Stock

~~(4)~~None ~~During~~of ~~the~~our ~~years~~board ~~ended~~of ~~September~~directors ~~30,~~are ~~2015~~considered ~~and~~audit ~~2014,~~committee Mrfinancial experts. ~~Hay~~If ~~received~~we ~~$7,700~~fail ~~and~~to ~~$6,000,~~maintain ~~respectively~~an effective system of internal control over financial reporting, ~~for~~we ~~fees~~may ~~related~~not be able to ~~costs~~accurately report our financial results. As a result, current and potential shareholders could lose confidence in ~~developing~~our financial reporting, which would harm our business and the trading price of our stock.

~~Other~~Our ~~than~~internal ~~set~~accounting ~~out~~staff ~~below,~~and ~~there~~our ~~are~~Board noof ~~arrangements~~Directors orare ~~plans~~relatively ininexperienced ~~which~~with weU.S. ~~provide~~GAAP ~~pension,~~and ~~retirement~~the orrelated ~~similar~~internal ~~benefits~~control ~~for~~procedures ~~directors~~required orof ~~executive officers~~U.S. ~~Our~~public ~~directors~~companies. ~~and~~Although ~~executive~~our ~~officers~~accounting ~~may~~staff ~~receive~~is ~~share~~professional ~~options~~and atexperienced ~~the~~in ~~discretion~~accounting ofrequirements ~~our~~and ~~board~~procedures ofgenerally ~~directors~~accepted in the ~~future.~~PRC, Wemanagement dohas ~~not~~determined ~~have~~that ~~any~~they ~~material~~require ~~bonus~~additional ortraining ~~profit~~and ~~sharing~~assistance ~~plans~~in ~~pursuant~~U.S. toGAAP ~~which~~matters. ~~cash~~Management orhas ~~non-cash~~determined ~~compensation~~that our internal audit function is oralso ~~may~~significantly bedeficient ~~paid~~due to ~~our~~insufficient ~~directors~~qualified orresources ~~executive~~to ~~officers,~~perform ~~except~~internal ~~that~~audit ~~share~~functions. ~~options~~Finally, ~~may~~we behave ~~granted~~not atestablished ~~the~~an ~~discretion~~Audit Committee of our ~~board~~Board of ~~directors~~Directors.

29Although we have not evaluated the internal controls over financial reporting of the business activities at CJC , we cannot assure investors that we will be able to maintain effective internal controls over financial reporting based on criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control-Integrated Framework. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. For these reasons, we are considering the costs and benefits associated with improving and documenting our disclosure controls and procedures and internal controls and procedures, which includes (i) our recent hiring of a business consulting firm that has expertise in accounting and U.S. GAAP matters with publicly-traded companies (ii) hiring additional personnel with sufficient U.S. GAAP experience and (iii) implementing ongoing training in U.S. GAAP requirements for our CFO and accounting and other finance personnel. If the result of these efforts are not successful, or if material weaknesses are identified in our internal control over financial reporting, our management will be unable to report favorably as to the effectiveness of our internal control over financial reporting and/or our disclosure controls and procedures, and we could be required to further implement expensive and time-consuming remedial measures and potentially lose investor confidence in the accuracy and completeness of our financial reports which could have an adverse effect on our stock price and potentially subject us to litigation.

~~Table~~The tradability of ~~Contents~~our common stock is limited under the penny stock regulations which may cause the holders of our common stock difficulty should they wish to sell the shares.

~~Grants~~Because the quoted price of ~~Plan~~our common stock is less than $5.00 per share, our common stock is considered a “penny stock” and trading in our common stock is subject to the requirements of Rule 15g-~~Based~~9 ~~Awards~~under the Securities Exchange Act of 1934. Under this rule, broker/dealers who recommend low-priced securities to persons other than established customers and accredited investors must satisfy special sales practice requirements. The broker/dealer must make an individualized written suitability determination for the purchaser and receive the purchaser’s written consent prior to the transaction.

~~There~~SEC ~~were~~regulations noalso ~~grants~~require additional disclosure in connection with any trades involving a “penny stock” including the delivery, prior to any penny stock transaction, of ~~plan~~a ~~based~~disclosure ~~awards~~schedule ~~during~~explaining the ~~year~~penny ~~ended~~stock ~~September~~market 30and its associated risks. These requirements severely limit the liquidity of securities in the secondary market because few brokers or dealers are likely to undertake these compliance activities and this limited liquidity will make it more difficult for an investor to sell his shares of our common stock in the secondary market should the investor wish to liquidate the investment. In addition to the applicability of the penny stock rules, ~~2015~~other risks associated with trading in penny stocks could also be price fluctuations and the lack of a liquid market.

~~Outstanding~~Our ~~Equity~~controlling ~~Awards~~stockholders atmay ~~Fiscal~~take ~~Year~~actions ~~End~~that conflict with your interests.

~~There~~As ~~were~~of noMarch ~~outstanding~~28, ~~equity~~2017, ~~awards~~two atshareholders beneficially own approximately 58.9% of our common stock. In this case, this shareholder will be able to exercise control over all matters requiring stockholder approval, including the ~~year~~election ~~ended~~of ~~September~~directors, 30amendment of our certificate of incorporation and approval of significant corporate transactions, ~~2015~~and it will have significant control over our management and policies. The directors elected by this stockholder will be able to significantly influence decisions affecting our capital structure. This control may have the effect of delaying or preventing changes in control or changes in management, or limiting the ability of our other stockholders to approve transactions that they may deem to be in their best interest.

~~Option~~35 ~~Exercises~~Table ~~and~~of ~~Stock Vested~~Contents

~~During~~CAUTIONARY ~~our~~STATEMENT ~~fiscal~~REGARDING ~~year~~FORWARD-LOOKING ~~ended September 30, 2015, there were no options exercised by our named officer.~~INFORMATION

~~Compensation~~This annual report on Form 10-K includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of ~~Directors~~activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “likely,” “aim,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about:

We· doFactors ~~not~~affecting ~~have~~our ~~any~~customer’s ~~agreements~~businesses. ~~for~~· ~~compensating~~Inability of our ~~directors~~suppliers to fulfill our orders for ~~their~~raw ~~services~~materials. · Increases in ~~their~~the ~~capacity~~price asof ~~directors~~raw materials. · Dependence on certain key personnel. · Competition in the energy and hotel industries. · Adverse effects of power shortages. · Lack of market acceptance of new products. · Inability to manage our business expansion. · Our inadvertent infringement of third-party intellectual property rights. · PRC government fiscal policy that affect the energy and hotel industries. · Availability of skilled and unskilled labor and increasing labor costs. · Lack of insurance coverage and the impact of any loss resulting from product liability or third party liability claims or casualty losses. · Violation of Foreign Corrupt Practices Act or China anti-corruption laws. · Economic, legal restrictions and business conditions in China. · Dilution attributable to our convertible debt. · Limited public market for our common stock. · Potential conflicts of interest between our controlling stockholders and our stockholders.

~~Pension~~You should read thoroughly this annual report on Form 10-K and the documents that we refer to herein with the understanding that our actual future results may be materially different from and/or worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements including those made in “Risk Factors.” Other sections of this annual report on Form 10-K include additional factors which could adversely impact our business and financial performance. Moreover, ~~Retirement~~we operate in an evolving environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or ~~Similar~~the ~~Benefit~~extent ~~Plans~~to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. These forward-looking statements speak only as of the date of this report, and you should not rely on these statements without also considering the risks and uncertainties associated with these statements and our business.

~~There~~Item ~~are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers~~1B. WeUnresolved ~~have~~Staff no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.Comments

~~Item 12~~None. ~~Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.~~

~~The~~Item following table sets forth, as of January 9, 2016 certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group2. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.Properties

Name and Address of Beneficial Owner	Amount and Nature of	Percentage
	Beneficial Ownership	of Class(1)
Chua Seong Seng	100,000,000 common shares	29.4%
11637 Orpington St.	Direct ownership
Orlando, FL 32817
Jake Martin	50,000,000 common shares	14.7%
11637 Orpington St.	Direct ownership
Orlando, FL 32817
Jake Martin 11637 Orpington St. Orlando, FL 32817	50,000,000 common shares Direct ownership	14.7%
Directors and Executive Officers as a Group(1)	200,000,000 common shares	58.8%

Description of Property

(1) Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person's actual ownership or voting power with respect to the number of shares of common stock actually outstanding on January 9, 2016. As of January 9, 2016 there were 340,000,000 shares of our company's common stock issued and outstanding.Corporate

30Our principal executive offices are located at Room C, 15/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong. This office space which is being provided to us rent-free by a shareholder on a month-to-month basis.

36 Table of Contents

~~Changes~~Power inProduction ~~Control~~Segment

WeJitai ~~are~~Power ~~unaware~~Investment ofoperates ~~any~~a ~~contract~~hydropower orelectric ~~other~~generation ~~arrangement~~station ~~the~~located ~~operation~~in ofXiaojin, ~~which~~Sichuan, ~~may~~China. atThe astation ~~subsequent~~has ~~date~~an ~~result~~annual inaverage aoutput ~~change in control~~ of ~~our~~125.664 ~~company~~million kWh.

~~Item~~Xin ~~13. Certain~~Hong ~~Relationships~~Power Development operates, or is completing, the Jiesigou I, II and ~~Related~~III ~~Transactions~~hydropower stations located in Xiaojin, Sichuan, China. The Jiesigou II hydropower station began operations in September, 2016 with an installed electricity capacity of 24,000 kWh, and ~~Director~~an ~~Independence~~average annual output of 112.5548 million kWh.

~~Security~~Xing ~~Ownership~~Tie ofElectric ~~Certain~~is ~~Beneficial~~engaged ~~Owners~~in the purchase and ~~Management~~sale of power generating equipment, primarily to Xin Hong Power Development. Its corporate offices are located at Si Chuan Sheng A Ba Zhou Xiao Jin Xian Wori Xiang Zhong Ma Chang, China.

OnHospitality August 17, 2015, a change in control of the Company occurred. On that date, Michael Hay and Jake Martin, our former officers and directors, sold their shares in a private transaction to three persons who are now officers, directors, employees or consultants of the Company. The shares sold represented an aggregate of 200,000,000 shares of the Company's Common Stock.Segment

~~Michael~~EnZe ~~Hay~~Hotel Management owns and ~~Jake~~is ~~Martin~~nearing completion of construction of the Enze Hotel located at 47 Government Street, ~~former~~Mei ~~directors~~Xin Town, ~~principal~~Xiaojin ~~officers~~County, ~~and~~China ~~principal~~upon. ~~shareholders~~The ofEnze ~~the~~Hotel ~~Company~~will ~~("Hay"~~have ~~and~~190 ~~"Martin"~~guest ~~respectively)~~rooms, ~~were~~including ~~each~~178 ~~respectively~~luxury ~~the~~guest ~~record~~rooms, ~~holder~~and 12 deluxe suites, and will cover a total of ~~100~~over 114,000 square feet. The hotel will include a shopping area,~~000~~ ~~shares~~business ofcenter, ~~Common~~the ~~Stock.~~600-seatEnZe ~~After~~Restaurant, a tea house in the ~~sale~~lobby, ofa ~~stock~~KTV (karaoke) house with ten private rooms, ~~Hay~~a ~~and~~seven ~~Martin~~room ~~each~~spa, ~~had~~five noconference ~~further~~rooms, nothree ~~ownership~~large ofmeeting ~~any~~rooms, ~~voting~~and ~~securities~~two ofmulti-function ~~the~~halls ~~Company~~which will accommodate up to 800 people.

~~Other~~SiGuNiang Mountain Hotel Management owns and is nearing completion of construction of the Mt. Four Sisters Hotel, located in SiGuNiang Mountain Town, Xiaojin County, Sichuan Province, China.

~~The~~We ~~controlling shareholders, our officers and directors,~~ have ~~indicated~~not ~~that~~obtained ~~they~~formal ~~have~~title ~~considered~~certificates ~~funding~~in ~~continuing~~respect ~~operations~~of ~~during~~ the ~~development~~land ~~stage;~~that ~~however~~certain ~~there is no written commitment to this effect and as~~ of ~~this~~our ~~filing~~operating nocompanies ~~funds have been provided~~use. ~~The~~ ~~Company~~We isare ~~dependent~~in ~~upon~~ the ~~continued~~process ~~support.~~of ~~The~~completing ~~Company~~the ~~does~~legal ~~not~~procedures ~~own~~for orobtaining ~~lease~~the ~~property~~relevant ortitle ~~lease~~certificates ~~office~~for ~~space.~~the ~~The~~parcels ~~office~~of ~~space~~land ~~used~~and bybuildings ~~the~~involved ~~Company~~and ~~was~~registering ~~arranged~~them byin the ~~management~~name of ~~the~~our ~~Company~~operating ~~to use at no charge~~companies.

AsItem ~~of September 30, 2014, the Company was obligated to Mr~~3. ~~Hay,~~Legal ~~for a non-interest bearing demand loan with a balance of $30,000. On September 30, 2015, Mr. Hay forgave this loan and it was recorded to additional paid in capital.~~Proceedings

AsFrom oftime ~~September~~to ~~30,~~time ~~2015,~~we may become involved in various legal proceedings that arise in the ~~Company~~ordinary ~~was~~course ~~obligated~~of business, including actions related to Mrour intellectual property. ~~Chua,~~Although ~~for~~the aoutcomes ~~non-interest~~of ~~bearing~~these ~~demand~~legal ~~loan~~proceedings cannot be predicted with acertainty, ~~balance~~we are currently not aware of ~~$32~~any such legal proceedings or claims that we believe,~~821~~ either individually or in the aggregate, will have a material adverse effect on our business, financial condition, or results of operations.

~~Director~~Item ~~Independence~~4. Mine Safety Disclosures

~~Our~~Not ~~board of directors has determined that it does not have a member that is "independent" as the term is used in Item 7(d) (3)(iv) of Schedule 14A under the Exchange Act of 1934, as amended~~applicable.

~~Item~~37 ~~14. Principal~~Table ~~Accounting~~of ~~Fees and Services.~~Contents

~~The~~PART aggregate fees billed for the most recently completed fiscal year ended September, 2015 and 2014 for professional services rendered by the principal accountant for the audit of our annual financial statements and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:II

	Year Ended		Year Ended
	September 30, 2015		September 30, 2014
Audit Fees(1)	$	12,200	$	12,000
Audit Related Fees(2)	$	-	$	-
Tax Fees(3)	$	-	$	-
All Other Fees(4)	$	-	$	-
Total	$	12,200	$	12,000

~~(1)~~Market Audit fees consist of fees incurred for professional services rendered for the audit of our financial statements, and for services that are normally provided in connection with statutory or regulatory filings or engagements.Information

~~(2)~~Our ~~Audit-related~~common ~~fees~~stock ~~consist~~is ofquoted ~~fees~~on ~~billed~~the ~~for~~OTCQB ~~professional~~tier ~~services~~of ~~that~~the ~~are~~OTC ~~reasonably~~Markets ~~related~~Group, toInc. and is traded under the ~~performance~~symbol of“AIOM.” Our stock is thinly traded on the ~~audit~~OTCQB orand ~~review~~there ofcan be no assurance that a liquid market for our ~~financial~~common ~~statements,~~stock ~~but~~will ever develop. The OTC Market is a network of security dealers who buy and sell stock. The dealers are ~~not~~connected ~~reported~~by ~~under~~a ~~"Audit~~computer ~~fees"~~network that provides information on current “bids” and “asks”, as well as volume information.

~~(3)~~The ~~Tax~~following ~~fees~~table ~~consist~~sets forth the range of ~~fees~~high ~~billed~~and low closing bid quotations for ~~professional~~our ~~services~~common ~~relating~~stock for each of the periods indicated as reported by the OTC Markets. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. The data in the table below presents historical information only and is not intended to ~~tax~~predict ~~compliance~~future sale prices of our common stock. Trading in securities, ~~tax~~such ~~planning~~as our common stock, on the OTC Markets may be volatile and ~~tax~~thin ~~advice~~and characterized by wide fluctuations in trading prices. See “Risk Factors—Trading on the OTC Markets is volatile and sporadic, which could depress the market price of our common stock and make it difficult for our security holders to resell their common stock.”

~~(4)~~As ~~All~~of ~~other~~November ~~fees~~23, ~~consist~~2015, ofwe ~~fees~~effected ~~billed~~a 20-for-1 ~~all~~stock ~~other~~split ~~services~~of our outstanding shares. All prices in the following table reflect post-split prices.

	High		Low
Year Ended December 31, 2015
Quarter Ended March 31, 2015	$	1.10	$	1.10
Quarter Ended June 30, 2015	$	1.10	$	1.10
Quarter Ended September 30, 2015	$	1.10	$	1.10
Quarter Ended December 31, 2015	$	1.10	$	0.02

Year Ended December 31, 2016
Quarter Ended March 31, 2016	$	0.80	$	0.43
Quarter Ended June 30, 2016	$	1.45	$	0.68
Quarter Ended September 30, 2016	$	2.08	$	1.47
Quarter Ended December 31, 2016	$	2.47	$	0.47

~~Table~~STOCK ofPERFORMANCE ~~Contents~~GRAPH

~~Our~~The ~~board~~following ofgraph ~~directors~~is ~~pre-approves~~not ~~all~~“soliciting ~~services~~material,” ~~provided~~is bynot ~~our~~deemed ~~independent~~filed ~~auditors.~~with ~~All of~~ the ~~above~~SEC, ~~services~~ and ~~fees~~is ~~were~~not ~~reviewed~~to ~~and~~be ~~approved~~incorporated by ~~the~~reference ~~board~~into any of ~~directors~~the ~~either~~Company’s ~~before~~filings orunder ~~after~~ the ~~respective~~Securities ~~services~~Act ~~were~~or ~~rendered~~the Exchange Act, respectively.

~~Our~~The ~~board~~graph below compares the cumulative total stockholder return on an investment in our common stock, and the stocks of ~~directors~~The ~~has~~NASDAQ ~~considered~~Composite Stock Market, the ~~nature~~NYSE Energy Sector Index and ~~amount~~a ofcomposite ~~fees~~peer ~~billed~~group byindex beginning on the date on which our ~~independent~~common ~~auditors~~stock was initially registered with the SEC and ~~believes~~ending ~~that~~on December 31, 2016. The graph assumes the ~~provision~~value of ~~services~~an ~~for~~investment ~~activities~~of ~~unrelated~~$100 toin the ~~audit~~common stock of each group or entity and the reinvestment of all dividends. The composite peer group index is ~~compatible~~comprised ~~with~~of ~~maintaining~~the ~~our~~following ~~independent~~six ~~auditors'~~companies: ~~independence~~Alterra Power Corp., Innergex Renewable Energy Inc., Innergex Renewable Energy Inc., Brookfield Renewable Partners LP, China Gezhouba Group Co Ltd and Chongqing Three Gorges Water Conservancy And Electric Power Co Ltd.

~~PART~~38 IVTable of Contents

Item 15. Exhibits, Financial Statement Schedules.

	12/15/2015		12/31/2015		12/31/2016

Axiom Holdings, Inc.	$	100.00	$	95.56	$	333.33

NYSE Composite Stock Market Index	$	100.00	$	100.45	$	112.56

NYSE Energy Sector Index	$	100.00	$	98.30	$	125.59

Composite Peer Group Index	$	100.00	$	106.62	$	124.61

~~Exhibits~~Security Holders

InAs ~~reviewing~~of ~~the~~March ~~agreements~~28, ~~included~~2017, aswe ~~exhibits~~had ~~to this annual report on Form 10-K~~340,000,000 ~~please~~shares ~~remember~~of ~~that they are included to provide you with information regarding their terms and are not intended to provide any other factual or disclosure information about~~ our ~~company~~common orstock ~~the~~outstanding ~~other~~held ~~parties~~by to8 ~~the~~stockholders ~~agreements~~of record. The ~~agreements~~number ~~may contain representations and warranties by each~~ of ~~the~~record ~~parties~~holders todoes ~~the~~not ~~applicable~~include ~~agreement.~~beneficial ~~These~~owners ~~representations~~of ~~and~~common ~~warranties~~stock ~~have~~whose ~~been~~shares ~~made~~are ~~solely~~held ~~for~~in the ~~benefit~~names of ~~the~~banks, ~~parties~~brokers, tonominees ~~the~~or ~~applicable~~other ~~agreement and:~~fiduciaries.

•Dividend ~~should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;~~Policy

•We have ~~been~~never ~~qualified~~paid bya ~~disclosures~~cash ~~that~~dividend ~~were~~on ~~made~~our common stock. We currently intend to ~~the~~retain ~~other~~all ~~party~~earnings, inif ~~connection~~any, ~~with~~to finance the ~~negotiation~~growth ofand ~~the~~development ~~applicable~~of ~~agreement,~~our ~~which~~business. ~~disclosures~~We ~~are~~do not ~~necessarily~~anticipate ~~reflected~~paying any cash dividends in the ~~agreement;~~foreseeable future.

•Equity ~~may~~Compensation ~~apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and~~Plans

~~• were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments~~None.

~~Accordingly,~~Recent ~~these~~Sales ~~representations and warranties may not describe the actual state~~ of ~~affairs~~Unregistered as of the date they were made or at any other time. Additional information about the Company may be found elsewhere in this annual report on Form 10-K and the Company's other public filings, which are available without charge through the SEC's website at http://www.sec.gov.Securities

32None.

~~Table~~Item of6. ~~Contents~~Selected Financial Data

The ~~following~~selected ~~exhibits~~financial ~~are~~data ~~included~~set forth below should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and notes thereto appearing elsewhere in the Annual Report on Form 10-K. The statements of income data for the years ended December 31, 2016, 2015 and 2014 and the balance sheet data as ~~part~~of December 31, 2016 and 2015 have been derived from audited consolidated financial statements of the Company included elsewhere in this report:. The historical results are not necessarily indicative of the results of operations to be expected in the future.

			Incorporated by Reference
	Year Ended December 31,
Exhibit Number
	2016			2015			2014
	Exhibit Description		Form	Exhibit		Filing Date
Revenues	$	2,234,415		$	1,987,464		$	2,183,113
3.1	Articles of Incorporation, as filed with the Nevada Secretary of State.		S-1	3.1		May 14, 2014
Gross profit	$	1,241,679		$	1,153,997		$	1,258,991
3.2	By-Laws of Registrant.		S-1	3.2		May 14, 2014
Operating Expenses	$	614,400		$	568,803		$	2,044,625
21.1*	Subsidiaries of the Registrant.
Other expense	$	1,646,390		$	1,092,174		$	803,338
31.1*	Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
Net Income/(Loss)	$	(1,019,111	)	$	(506,980	)	$	(1,588,972	)
31.2*	Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
Basic and Diluted Earnings/(Loss) per Common Share	$	(0.00	)	$	(0.00	)	$	(0.00	)
32.1**	Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
101.INS*	XBRL Instance Document.
101.SCH*	XBRL Taxonomy Extension Schema Document.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document.
* Filed herewith. ** Furnished herewith.

3339 Table of Contents

Table of Contents

	December 31,
	2016		2015		2014
Total assets	$	81,554,976	$	76,408,327	$	72,135,581
Long-term obligations	$	37,053,045	$	36,628,900	$	33,001,335
Total liabilities	$	72,355,937	$	65,811,742	$	60,537,277
Stockholders’ equity	$	9,199,039	$	10,596,585	$	72,135,581

~~SIGNATURES~~Item 7. Management’s Discussion and Analysis of Financial Conditions and Results of Operations

~~Pursuant~~The tofollowing ~~the~~discussion ~~requirements~~should ofbe ~~Section~~read 13in orconjunction ~~15(d)~~with ofour audited financial statements and the ~~Securities~~ ~~Exchange~~related ~~Act~~notes ofthat ~~1934~~appear elsewhere in this annual report on Form 10-K. The following discussion contains forward‑looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the ~~registrant~~forward-looking ~~has~~statements. ~~duly~~Factors ~~caused~~that ~~this~~could ~~report~~cause or contribute to besuch ~~signed~~differences oninclude, ~~its~~but ~~behalf~~are bynot ~~the~~limited ~~undersigned~~to, ~~thereto~~those ~~duly~~discussed ~~authorized~~below and elsewhere in this annual report on Form 10-K.

	AXIOM HOLDINGS, INC.
	(Registrant)
Dated: January 20, 2016	/s/ Low Tuan Lee
	Low Tuan Lee
	Chief Financial Officer
	(Principal Financial and Accounting Officer)

Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

~~Pursuant~~Defined ~~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.~~Terms

Dated: January 20, 2016	/s/ Chua Seong Seng
	Chua Seong Seng
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: January 20, 2016	/s/ Low Tuan Lee
	Low Tuan Lee
	Chief Financial Officer and Director
	(Principal Financial and Accounting Officer)
Dated: January 20, 2016	/s/ Lim Wei Lin
	Lim Wei Lin
	Secretary and Director

“2014” means the twelve-month period ended December 31, 2014.

34“2015” means the twelve-month period ended December 31, 2015.

“2016” means the twelve-month period ended December 31, 2016.

Overview

Acquisition of CJC

On December 21, 2016, our wholly owned subsidiary Horizon completed the acquisition of the CJC Shares as provided for in the Share Exchange Agreement as amended by the SEA Amendment. Pursuant to the terms and conditions of the Share Exchange Agreement, as amended, the CJC Shareholders who collectively own 100% of the issued and outstanding shares of CJC exchanged their CJC Shares for an aggregate of 200,00,000 shares of our common stock. Pursuant to terms of the Share Exchange Agreement and immediately prior to the completion of the acquisition of CJC, Low Tuan Lee, Lim Wei and Chua Seong cancelled an aggregate of 200,000,000 shares of our common stock. Upon completion of the closing, CJC will become a subsidiary of our company and the CJC Shareholders as a group will hold approximately 58.8% of our pro-forma shares of Common Stock outstanding which is expected to be approximately 340,000,000 shares giving effect to the issuance of the shares to acquire CJC and the share cancellation.

CJC Business Overview

Each of Axiom, Horizon, CJC, and the WFOE’s are holding companies and have no principal business. The following consists of a discussion of the CJC operating subsidiaries that make up the operations within the Power Production Segment and the Hospitality Segment:

Power Production Segment

Overview.

We are engaged in operating, developing and seek to acquire electric generating facilities in China. We currently operate two hydro-electric generating plants each of which have average annual output capacity of 112.5548 million kWh. In addition, two hydro-electric generating plants are under construction as discussed below. In addition, we are seeking to acquire other electric generating plants in China.

Jitai Power Investment.

Jitai Power Investment operates a hydropower electric generation station located in Xiaojin, Sichuan, China, which commenced operations in September 2009. The station has an annual average output of 125.664 million kilowatt hours (“kWh”).

Xin Hong Power Development.

Xin Hong Power Development operates, or is completing, the Jiesigou I, II and III hydropower stations located in Xiaojin, Sichuan, China. The Jiesigou II hydropower station began operations in September, 2016 with an installed electricity capacity of 24,000 kWh, and an average annual output of 112.5548 million kWh. The Jiesigou I and Jiesigou III hydropower stations are currently expected to come on-line in 2019.

Xing Tie Electric.

Xing Tie Electric is engaged in the purchase and sale of power generating equipment, primarily to Xin Hong Power Development

Table of Contents

Hospitality Segment

EnZe Hotel Management.

EnZe Hotel Management owns and is nearing completion of construction of the Enze Hotel located at 47 Government Street, Mei Xin Town, Xiaojin County, China upon. The hotel is expected to be completed and open for business in June 2017. This hotel is located across the street from the HongjunHuishi Square. The Enze Hotel will have 190 guest rooms, including 178 luxury guest rooms, and 12 deluxe suites, and will cover a total of over 114,000 square feet. The hotel will include a shopping area, business center, the 600-seatEnZe Restaurant, a tea house in the lobby, a KTV (karaoke) house with ten private rooms, a seven room spa, five conference rooms, three large meeting rooms, and two multi-function halls which will accommodate up to 800 people. We intend to sell bookings for the hotel, the public meeting halls, the restaurant and the spa directly in person, over the phone, through our website, and through third party service providers including internet- and mobile-based third party service providers. We will lease space in our shopping area to premium brand retailers.

SiGuNiang Mountain Hotel Management.

SiGuNiang Mountain Hotel Management owns and is nearing completion of construction of the Mt. Four Sisters Hotel, located in SiGuNiang Mountain Town, Xiaojin County, Sichuan Province, China. The hotel is expected to be completed and open for business in June 2017. The hotel is adjacent to the provincial highway S303, and its rear faces the Siguniang Mountain town government center. This area is the center of tourism, entertainment and catering services in SiGuNiang Mountain Town, and is approximately 143 miles from Chengdu, the capital city of Sichuan and approximately 112 miles from Maerkang, the capital of Aba Autonomous Region. The hotel will have 90 guest rooms on six floors, will cover a total of over 71,000 square feet, and is mainly in the Jiarong Tibetan style. The hotel will include a 120 seat restaurant, tea house, meeting rooms, and 13 street level shops. The hotel will also offer a catering department. We intend to sell bookings for the hotel, meeting rooms and the restaurant directly in person, over the phone, through our website, and through third party service providers including internet- and mobile-based third party service providers. We plan to lease space in our shopping area to premium brand retailers.

Results of Operations

Our operating results for the year ended December 31, 2016, 2015 and 2014, and the changes between those periods for the respective items are summarized as follows:

		Year Ended December 31,								Change 2016 Versus 2015					Change 2015 Versus 2014
	2016			2015			2014			Amount		%			Amount			%
Revenue	$	2,234,415		$	1,987,464		$	2,183,113		$	246,951		12	%		(195,649	)	(9		%)
Cost of revenue		992,736			833,467			924,122			159,269		19	%		(90,655	)	(10		%)

Gross profit		1,241,679			1,153,997			1,258,991			87,682		8	%		(104,994	)	(8		%)

Gross profit percentage		56	%		58	%		58	%		N/A		N/A			N/A			N/A
Operating expense		614,400			568,803			2,044,625			45,597		8	%		(1,475,822	)	(72		%)
Other expense		1,646,390			1,092,174			803,338			554,216		51	%		288,836			36	%

Net Loss	$	1,019,111		$	506,980		$	1,588,972		$	512,131		101	%		(1,081,992	)	(68		%)

Industry Segments. Since we have not commenced operations in our hospitality segment, the Company does not believe a comparative analysis of the results of operations by segment would be meaningful to investors. Note 16 – Industry Segments to our consolidated financial statements included elsewhere in this report, includes a breakdown of assets, liabilities and revenues by segment.

Fiscal year 2016 compared with fiscal year 2015

Revenue

For the year ended December 31, 2016 our revenue increased $246,951 or 12% due to increased demand for electricity, as compared to the same period in 2015.

Cost of revenue

For the year ended December 31, 2016 our cost of revenue increased $159,269 or 19% due to a result of maintenance of facility during 2016, as compared to the same period in 2015.

Table of Contents

Operating Expense

The following table presents operating expenses for 2016 and 2015:

	Year Ended December 31,				Change 2016 Versus 2015
	2016		2015		Amount			%
General and administrative	$	457,269	$	568,803	$	(111,534	)	(20		%)
Professional fees		157,131		-		157,131			-
Total Operation expense	$	614,400	$	568,803	$	45,597			8	%

The increase in professional fees for 2016 was primarily due to legal and accounting fees for the acquisition of subsidiaries.

Other expenses

The following table presents other expenses for 2016 and 2015:

	Year Ended December 31,				Change 2016 Versus 2015
	2016		2015		Amount			%
Interest expense, net	$	1,088,952	$	1,068,176	$	20,776			2	%
Other loss		419		23,998		(23,579	)		(98	%)
Loss on related party guarantee		557,019		-		557,019			-
Total other expenses	$	1,646,390	$	1,092,174	$	554,216			51	%

We realized an increase of $557,019 in a loss during 2016 as compared to 2015, due to a debt guarantee payment for a related party default on payment.

Net loss

Net loss increased to $1,019,111 or by 101% during 2016, from $506,980 in 2015, primarily due to the increase in operating expense and other expenses, partially offset by the increase in revenues discussed above.

Fiscal year 2015 compared with fiscal year 2014

Revenue

For the year ended December 31, 2015 our revenue decreased $195,649 or 9% due to a result of maintenance of facility during 2015, as compared to the same period 2014.

Cost of revenue

For the year ended December 31, 2015 our cost of revenue decreased $90,655 or 10% due to a decrease in revenue during 2015, as compared to the same period 2014.

Operating Expense

The following table presents operating expenses for 2015 and 2014:

	Year Ended December 31,				Change 2016 Versus 2015
	2015		2014		Amount			%
General and administrative	$	568,803	$	2,044,625	$	(1,475,822	)		(72	%)
Total Operation expense	$	568,803	$	2,044,625	$	(1,475,822	)		(72	%)

We realized a decrease of $1,475,822 in general and administrative expenses during 2015 as compared to 2014, primarily due to accrual of management fees during the year ended 2014.

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Other expenses

The following table presents other expenses for 2015 and 2014:

	Year Ended December 31,				Change 2015 Versus 2014
	2015		2014		Amount		%
Interest expense, net	$	1,068,176	$	803,306	$	264,870		33	%
Other loss		23,998		32		23,966		N/A
Total other expenses	$	1,092,174	$	803,338	$	288,836		36	%

We realized an increase of $264,870 in interest expenses during 2015 as compared to 2014, due to an increase in loans. For December 31, 2015, the Company paid tax late fee of $23,998

Net loss

Net loss decreased to $506,980 or 68% during 2015, from $1,588,972 in 2014 due to the decrease in operating expenses, partially offset by a decrease in revenues and an increase in other expenses discussed above.

Liquidity and Capital Resources

Working Capital

The following table presents our work capital position as at December 31, 2016, and 2015:

							Change 2016 Versus 2015
	December 31, 2016			December 31, 2015			Amount			%
Cash	$	52,159		$	140,438		$	(88,279	)	(63		%)

Current Assets	$	11,088,573		$	218,970		$	10,869,603			4,964	%
Current Liabilities		38,478,662			29,182,842			9,295,820			32	%
Working Capital Deficiency	$	(27,390,089	)	$	(28,963,872	)	$	(1,573,783	)	(5		%)

The change in working capital deficiency during the year ended December 31, 2016 was primarily due to an increase in prepaid expenses of $10,167,037 and due to related party of $6,652,464 and current portion of loans payable of $3,175,770.

Cash Flow

The following tables presents our cash flow for the year ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
	2016			2015			2014			Change 2016 Versus 2015			Change 2015 Versus 2014
Cash Flows Provided from (Used in) Operating Activities	$	(6,202,033	)	$	(1,864,605	)	$	2,564,623		$	(4,337,428	)	$	(4,429,228	)
Cash Flows Used in Investing Activities		(6,209,634	)		(5,436,370	)		(12,336,175	)		(773,264	)		6,899,805
Cash Flows Provided by Financing Activities		12,320,831			7,282,207			9,583,881			5,038,624			(2,301,674	)
Effects on changes in foreign exchange rate		2,557			(6,690	)		(7,572	)		9,247			882
Net decrease in Cash During Period	$	(88,279	)	$	(25,458	)	$	(195,243	)	$	(62,821	)	$	169,785

Fiscal year 2016 compared with fiscal year 2015

Cash flows used in operations increased $ 4,337,428 to $6,202,033 during the fiscal year 2016, mainly due to an increase in prepaid expenses, offset in part by an increase in accounts payable and accrued liabilities.

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Cash flows used in investing increased $773,264 to $6,209,634 during the fiscal year 2016, due to increase in net payments to a related party and partially offset by a decrease in purchase of property and equipment.

Cash flows provided by financing increased $5,038,624 to $12,320,831 during the fiscal year 2016, due to an increase in proceeds from related parties and a decrease in repayment of loans, offset in part by a decrease in proceeds from loans.

Fiscal year 2015 compared with fiscal year 2014

Cash flows used in operations increased $4,429,228 to $1,864,605 during the fiscal year 2015, mainly due to a decrease in accounts payable and accrued liabilities and tax payable.

Cash flows used in investing decreased $6,899,805 to $5,436,370 during the fiscal year 2015, due to a decrease in purchase of property and equipment and payments of due from related party.

Cash flows provided by financing decreased $2,301,674 to $7,282,207 during the fiscal year 2015, due to decrease in proceeds from loans and an increase in repayment of loans, offset in part by an increase in proceeds from related party.

We do not have sufficient resources to effectuate all aspects of our business plan. We expect to incur a minimum of $4.2 million in expenses during the next twelve months of operations if we continue to pursue our current plans. We estimate that this will be approximately $3.8 million for our operations in China, comprised of approximately $2.0 million towards cost of revenue, $1.3 million towards financing costs, and $500,000 for general and administrative fees. Additionally, approximately $400,000 will be needed for general overhead expenses such as for corporate legal and accounting fees, and head office fees for our external reporting requirements as a public company. We will have to raise additional funds to pay for all of our planned expenses. We potentially will have to issue additional debt or equity, or enter into a strategic arrangement with a third party to carry out some aspects of our business plan. There can be no assurance that additional capital will be available to us. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Since we have no such arrangements or plans currently in effect, our inability to raise funds for the above purposes will have a severe negative impact on our ability to remain a viable company.

Going Concern Consideration

The Company has a net loss from operations of $1,019,111 and a net cash used in operation of $6,202,033 for the year ended December 31, 2016, and an accumulated deficit of $2,882,019 as of December 31, 2016. In addition, the failure of Jitai Power Investment to fulfill its obligation of guarantee and the agreement between the Guarantor and Jitai Power Investment will significantly affect the subsequent revenue recognized by Jitai and hence the Company. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent our ability to raise additional capital and generate additional revenues and profits from our current and planned operations.

In the opinion of our independent registered public accounting firm for our fiscal year end December 31, 2016, our auditor included a statement that as a result of the factors discussed above, there is a substantial doubt as our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Contractual Obligations

The following table summarizes the payments due by fiscal year for our outstanding contractual obligations as of December 31, 2016:

	Payment Due by Period
	Total		2017		2018 - 2019		2020 - 2021		2022 and Thereafter
Long-Term Debt	$	37,053,045	$	3,175,770	$	2,874,000	$	16,776,975	$	14,226,300

Indebtedness

The Company has significant indebtedness as follows:

Guarantee. An unrelated company (the “Guarantor”) has provided a guarantee for a related company of CJC (the “Related Company”) to secure a bank loan of $1,449,900 which matured in 2014. Jitai has in turn provided a guarantee to the Guarantor. Upon maturity of the loan, the Related Company failed to repay the loan. Hence, the Guarantor repaid the amount to the bank for the Related Company, but Jitai failed to fulfill its obligation for the guarantee to the Guarantor. By a court order, an agreement (the “Jitai Agreement”) between the Guarantor and Jitai was reached whereby the revenue of Jitai from June 2016 will be paid directly from the customer of Jitai to the Guarantor until a total of $1,364,620 has been repaid to the Guarantor. For the year ended December 31, 2016, the Company paid $557,019 and recorded a loss on the related party guarantee of $577,019.

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Long-term Debt. The components of our long-term debt from Bank and Credit Union, including the current portion, and the associated interest rates, were as follows as of December 31, 2016 and 2015:

	December 31,		December 31,
	2016		2015		Interest rate

Note payable - December 29, 2011 - December 28, 2017	$	330,510	$	354,200	0.94% per month
Note payable - November 23, 2011 - November 23, 2017		790,350		847,000	0.94% per month
Note payable - August 31, 2011 - August 30, 2017		617,910		662,200	0.94% per month
Note payable - June 16, 2014 - June 15, 2020		7,185,000		7,700,000	Best lending interest rate of the People's Bank of China plus 20% per annum
Note payable - January 22, 2015 - January 21, 2020		2,406,975		2,579,500	11.40% per annum
Note payable - November 24, 2014 - November 25, 2024		4,742,100		5,082,000	9.23% per annum
Note payable - January 10, 2014 - December 20, 2032		16,669,200		19,404,000	Best lending interest rate of the People's Bank of China plus 4% per annum
Note payable - June 27, 2016 - June 28, 2021		4,311,000		-	7.6% per annum
	$	37,053,045	$	36,628,900
Current portion of loans payable		3,175,770		-
Long-term loans payable	$	33,877,275	$	36,628,900

The bank loans are secured by construction in progress (December 31, 2016: $4,579,467; December 31, 2015: $4,688,317; Note 7), power station (December 31, 2016: $29,028,673; December 31, 2015: $32,120,764; Note 7) and intangible assets (December 31, 2016: $124,875; December 31, 2015: $139,524; Note 8) from part of the balances of those items shown in the balance sheet.

Related Party Debt. As of December 31, 2016 and 2015, the Company was obligated to the following related parties:

	December 31,		December 31,		Relationship with
Related Party Name	2016		2015		the Company

Yeung Baigui	$	3,179,676	$	2,963,213	Current director and former stockholder of Si Gu Niang
Wu Hongguang		7,423,561		7,810,900	Current director of Jitai and former stockholder of Jitai and Xing Tie
Chen Juan		1,204,493		-	Current director of and former stockholder of En Ze
Hu Dengyang		1,125,602		-	Current director of Jin Bai Xing and former stockholder of En Ze
Wu Ling Electrical Engineering Company Limited		3,550,252		1,540,924	Former stockholder of Xing Tie, currently under the same ultimate common control with CJC
Sichuan Jiuyuen Property Development Company Limited		-		414,351	Under the same ultimate common control with CJC
Sichuan Jiuyuen Electrical Engineering Company Limited		9,754,913		7,286,028	Under the same ultimate common control with CJC
Xinlong Xi Da Electrical Engineering Company Limited		270,078		289,437	Under the same ultimate common control with CJC
Li Yuen Huacheng Electrical Engineering Company Limited		2,375,344		2,160,602	Under the same ultimate common control with CJC
Sichuan Red Leaf Electrical Engineering Company Limited		387,846		153,846	Under the same ultimate common control with CJC
	$	29,271,765	$	22,619,301

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Payables. The Company's other payable consist of the following:

	December 31,		December 31,
	2016		2015

Sichuan Lap Yip Electronic Company Limited	$	-	$	1,185,800
The PRC Government of Xiao Jin Country		114,960		123,200
	$	114,960	$	1,309,000

The amounts are non-interest bearing, unsecured and have no fixed terms of repayment.

Off-Balance Sheet Arrangements

The Company does not have any 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 investors.

Seasonality

Our power production operations have historically been seasonal based on requirements for energy, with higher revenues generally occurring in the winter and summer as heating and cooling needs increase and then declining in the spring and fall as the weather becomes milder.

Critical Accounting Policies and Estimates

In the ordinary course of business, we make a number of estimates and assumptions relating to the reporting of results of operations and financial condition in the preparation of our financial statements in conformity with U.S. generally accepted accounting principles. We base our estimates on historical experience, when available, and on other various assumptions that are believed to be reasonable under the circumstances. Actual results could differ significantly from those estimates under different assumptions and conditions.

We believe the critical assumptions and estimates are those applied to revenue recognition.

Revenue Recognition

The Company pursues opportunities to realize revenues from the provision of electricity by Jitai, to one customer. It is the Company’s policy that revenues will be recognized in accordance with ASC 605, “Revenue Recognition.” The Company recognizes revenue only when all of the following criteria have been met:

	i)	power is generated and sold to our customer,
	ii)	the customer signs back confirmation on quantity of power generated,
	iii)	the unit charge of power is fixed or determinable; and,
	iv)	collection is reasonably assured.

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On the 24^th of every month, the Company will check the power meter together with our client, and obtain a signed confirmation on power consumption for the prior month. Based on contracted unit pricing, the Company will invoice the customer.

Recent Accounting Pronouncements

See Item 8 Footnote NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Item 7A. Qualitative and Quantitative Disclosures About Market Risk

Interest Rate Risk

As of December 31, 2016, we had approximately $37 million in short and long term loans payable. Some of the debts are subject to variable rates and, accordingly, our earnings and cash flow will be affected by changes in interest rates. Based upon our December 31, 2017 borrowings, and assuming there had been a two percentage point change in the average interest rate for these borrowings, it is estimated that our interest expense for the year ended December 31, 2016 would have increased or decreased by approximately $100,000.

We do not utilize interest rate swap transactions or engage in any interest rate hedging operations, that could eliminate or substantially reduce risks associated with fluctuating interest rates.

Foreign Currency Risk

We sell 100% of our production in the PRC. We conduct our PRC operations in the Chinese Yuan Renmibi (“CNY”), the main currency used in the PRC and the Hong Kong Dollar (“HKD”). Our assets and liabilities and results of operations are reported in U.S. dollars. Fluctuations in currency rates can affect our reported assets, liabilities, sales, margins, operating costs and the anticipated settlement of our CNY and HKD denominated receivables and payables. A weakening of the foreign currencies in which we generate revenues relative to the currencies in which our financial statements are denominated, which is the U.S. dollar, may increase our reported total comprehensive loss. As of December 31, 2016, our subsidiaries outside the United States held approximately 100% of our total assets and liabilities and generated 100% of our revenues. The effect of translating balance sheet accounts from the functional currency into the U.S. dollar at current exchange rates is included in “Other comprehensive loss” in our consolidated statements of operations and other comprehensive loss. Other comprehensive loss includes a foreign currency translation adjustment of $674,226 for the year ended December 31, 2016. We do not utilize foreign exchange contracts nor ae we engaged in any hedging operations or other exchange rate practices, that could eliminate or substantially reduce risks associated with fluctuating exchange rates.

Item 8. Financial Statements and Supplementary Data

The consolidated financial statements and Report of Independent Registered Public Accounting Firm are listed in the “Index to Consolidated Financial Statements” on page F-1 and included on pages F-2 through F-19.

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

On October 3, 2016, our board of directors of approved the selection of Anthony Kam & Associates Ltd, Certified Public Accountants ("AKAM") as our independent registered public accounting firm replacing Sadler, Gibb & Associates, LLC ("Sadler Gibb").

(a) Dismissal of Independent Registered Public Accounting Firm

On October 3, 2016, our board of directors approved the dismissal of Sadler Gibb as the Company's independent registered public accounting firm, and our Company accordingly notified Sadler Gibb of such action effective as of that date.

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The reports of Sadler Gibb on our Company's financial statements for each of the two fiscal years ended December 31, 2015, and December 31, 2014, did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, other than the statements related to our Company's ability to continue as a going concern for the fiscal year ended December 31, 2015.

In addition, during the fiscal years ended December 31, 2015, and December 31, 2014, as well as during the subsequent interim period preceding October 3, 2016, there were no "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) between our Company and Sadler Gibb with respect to any matter relating to accounting principles, financial statement disclosure or auditing scope or procedures which, if not resolved to the satisfaction of Sadler Gibb, would have caused Sadler Gibb to make reference to the subject matter of the disagreement in its reports on our Company's financial statements with respect to such periods.

Furthermore, no reportable events occurred within the periods covered by Sadler Gibb's reports on our Company's financial statements, or subsequently up to the date of Sadler Gibb’s dismissal. As used herein, the term “reportable event” means any of the items listed in paragraphs (a)(1)(v)(A)-(D) of Item 304 of Regulation S-K.

Our Company has provided Sadler Gibb with a copy of the foregoing disclosures, and has requested that Sadler Gibb review such disclosures and provide a letter addressed to the SEC stating whether they agree with the statements made herein. The Company filed with the SEC a copy of Sadler Gibb’s letter addressed to the SEC relating to the statements made by our Company.

(b) Engagement of New Independent Registered Public Accounting Firm

Effective October 4, 2016, our company engaged AKAM as our new independent registered public accounting firm. During the years ended December 31, 2015 and 2014, and through October 4, 2016, the date our Company engaged AKAM, our Company did not consult with AKAM regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act that are designed to ensure that information required to be disclosed by us in reports that we file under the Exchange Act is recorded, processed, summarized and reported as specified in the SEC’s rules and forms and that such information required to be disclosed by us in reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure. Management, with the participation of our Chief Executive Officer and Chief Financial Officer, performed an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2016. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not effective as of December 31, 2016 for the reasons discussed below.

Management’s Annual Report on Internal Control over Financial Reporting

Management is responsible for the preparation of our financial statements and related information. Management uses its best judgment to ensure that the financial statements present fairly, in material respects, our financial position and results of operations in conformity with generally accepted accounting principles.

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in the Exchange Act. These internal controls are designed to provide reasonable assurance that the reported financial information is presented fairly, that disclosures are adequate and that the judgments inherent in the preparation of financial statements are reasonable. There are inherent limitations in the effectiveness of any system of internal controls including the possibility of human error and overriding of controls. Consequently, an ineffective internal control system can only provide reasonable, not absolute, assurance with respect to reporting financial information.

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Our internal control over financial reporting includes policies and procedures that: (i) pertain to maintaining records that, in reasonable detail, accurately and fairly reflect our transactions; (ii) provide reasonable assurance that transactions are recorded as necessary for preparation of our financial statements in accordance with generally accepted accounting principles and that the receipts and expenditures of company assets are made in accordance with our management and directors authorization; and (iii) provide reasonable assurance regarding the prevention of or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on our financial statements.

Under the supervision of management, including our Chief Executive Officer and our Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and subsequent guidance prepared by the Commission specifically for smaller public companies. Based on that evaluation, our management concluded that our internal control over financial reporting was not effective as of December 31, 2016 because it identified the following material weakness and significant deficiencies:

	●	Material Weakness – The Company did not maintain effective controls over certain aspects of the financial reporting process because we lacked a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements.

	●	Significant Deficiencies – Inadequate segregation of duties.

A material weakness is a deficiency or a combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the annual or interim consolidated financial statements will not be prevented or detected on a timely basis.

We expect to be materially dependent upon third parties to provide us with accounting consulting services for the foreseeable future which we believe mitigates the impact of the material weaknesses discussed above. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP and establish an audit committee and implement internal controls and procedures, there are no assurances that the material weaknesses and significant deficiencies in our disclosure controls and procedures will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the company’s registered public accounting firm pursuant to SEC rules that permit us to provide only management’s report on internal control over financial reporting in this annual report on Form 10-K.

Changes in Internal Controls over Financial Reporting

There have been no changes in our internal control over financial reporting during the quarter ended December 31, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Item 9B. Other Information.

None.

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PART III

Item 10. Directors, Executive Officers, and Corporate Governance.

The following individuals have been appointed to serve as our executive officers and directors:

Name	Age	Positions

Curtis Riley	55	Chief Executive Officer, Chief Financial Officer and Director

Curtis Riley is the Company’s Chief Executive Officer, Chief Financial Officer and director. Mr. Riley has served as Chief Executive Officer, Chief Financial Officer and director of the Company since October 10, 2016. With over 25 years of experience, Mr. Riley, aged 55, has been forging strategic partnerships, completing merger and acquisition transactions, and structuring large scale outsourcing arrangements in India, China, South America, and Europe. From January 2014 to January 2016, Mr. Riley was a Senior Partner with Silverbear Capital, Inc., a Hong Kong based consulting and investment banking firm. From June 2012 to January 2014, Mr. Riley was an Executive Director, Global Channels with gen-E Technologies, which created and maintained partnerships between itself and systems integrators in Asia, India and North America. From June 2011 to June 2012, Mr. Riley was the Vice President of Business Development at Allsec Technologies, a provider of business process outsourcing services including loan modifications, default services, telemarketing, customer care, and technical support. My Riley served as a Director of Jiasen International Holdings from September 2015 to May 2016. Mr. Riley received a Bachelor of Science degree in Electrical Engineering from the University of Texas, Austin in 1983. There are no other arrangements or understanding between Mr. Reilly and any other person pursuant to which Mr. Reilly was selected as a director or an officer. Mr. Reilly has no family relationships with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer. There have been no transactions, since the beginning of the Company’s last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which Mr. Riley had or will have a direct or indirect material interest

Director Qualifications

The following is a discussion for each director of the specific experience, qualifications, attributes or skills that led to our conclusion that such person should be serving as a member of our Board of Directors as of the date of this report in light of our business and structure. In addition to their individual skills and backgrounds which are focused on our industry as well as financial and managerial experience, we believe that the collective skills and experience of our Board members are well suited to guide us as we make the transition from a company with limited operations to a company which seeks to expand through acquisitions.

Curtis Riley. Mr. Riley has over 25 years of experience in the operation and management of investment companies, including leading investments into PRC operating companies.

Committees of our Board of Directors & Corporate Governance

We have not established any committees, including an Audit Committee, a Compensation Committee or a Nominating Committee, any committee performing a similar function. The functions of those committees are being undertaken by Board of Directors as a whole. Because we have only one director who is not independent, we believe that the establishment of these committees would be more form over substance.

We do not have a policy regarding the consideration of any director candidates which may be recommended by our stockholders, including the minimum qualifications for director candidates, nor has our Board of Directors established a process for identifying and evaluating director nominees. We have not adopted a policy regarding the handling of any potential recommendation of director candidates by our stockholders, including the procedures to be followed. Our Board has not considered or adopted any of these policies as we have never received a recommendation from any stockholder for any candidate to serve on our Board of Directors. Given our relative size and lack of directors and officers insurance coverage, we do not anticipate that any of our stockholders will make such a recommendation in the near future. While there have been no nominations of additional directors proposed, in the event such a proposal is made, all members of our Board will participate in the consideration of director nominees. In considering a director nominee, it is likely that our Board will consider the professional and/or educational background of any nominee with a view towards how this person might bring a different viewpoint or experience to our Board.

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Our sole director is not an “audit committee financial expert” within the meaning of Item 401(e) of Regulation S-K. In general, an “audit committee financial expert” is an individual member of the audit committee or Board of Directors who:

	·	understands generally U.S. GAAP and financial statements,
	·	is able to assess the general application of such principles in connection with accounting for estimates, accruals and reserves,
	·	has experience preparing, auditing, analyzing or evaluating financial statements comparable to the breadth and complexity to our financial statements,
	·	understands internal controls over financial reporting, and
	·	understands audit committee functions.

Members of the Company’s board of directors have a limited knowledge of U.S. GAAP and internal control over financial reporting. The Company’s board of directors relies on an outside accounting consultant to provide assistance with the preparation of U.S. GAAP compliant financial statements and requires additional training and assistance in U.S. GAAP compliance.

None of our directors, executive officers, significant employees or control persons has been involved in any legal proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.

As with most small, early stage companies until such time as we further develop our business, achieve a stronger revenue base and have sufficient working capital to purchase directors’ and officers’ insurance, we do not have any immediate prospects to attract independent directors. When we are able to expand our board to include one or more independent directors, we intend to establish an audit committee of our board of directors. It is our intention that one or more of these independent directors will also qualify as an audit committee financial expert. Our securities are not quoted on an exchange that has requirements that a majority of our board members be independent and we are not currently otherwise subject to any law, rule or regulation requiring that all or any portion of our board of directors include “independent” directors, nor are we required to establish or maintain an audit committee or other committee of our board.

Code of Ethics

We expect that we will adopt a code of business conduct and ethics that applies to all of our employees, officers and directors, including those officers responsible for financial reporting. Once adopted, we will make the code of business conduct and ethics available on our website at www.axiomholdings.info. We intend to post any amendments to the code, or any waivers of its requirements, on our website.

Board Structure

Our Board has not chosen to separate the positions of Chief Executive Officer and Chairman of the Board in recognition of the fact that our operations are sufficiently limited that such separation would not serve any useful purpose.

Role of Board in Risk Oversight Process

Management is responsible for the day-to-day management of risk and for identifying our risk exposures and communicating such exposures to our board. Our board is responsible for designing, implementing and overseeing our risk management processes. The board does not have a standing risk management committee, but administers this function directly through the board as a whole. The whole board considers strategic risks and opportunities and receives reports from its officers regarding risk oversight in their areas of responsibility as necessary. We believe our board’s leadership structure facilitates the division of risk management oversight responsibilities and enhances the board’s efficiency in fulfilling its oversight function with respect to different areas of our business risks and our risk mitigation practices.

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Communications with the Board of Directors

Stockholders with questions about the Company are encouraged to contact the Company by sending communications to the attention of the Chief Executive Officer at Room C, 15/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong. If stockholders feel that their questions have not been sufficiently addressed through communications with the Chief Executive Officer, they may communicate with the Board of Directors by sending their communications to the Board of Directors, c/o the Chief Executive Officer at the same address.

Director Compensation

Historically, our non-employee directors have not received compensation for their service outside the compensation set forth in the Summary Compensation Table below, but we may compensate our directors for their service in the future. We reimburse our non-employee directors for reasonable travel expenses incurred in attending board and committee meetings. We also intend to allow our non-employee directors to participate in any equity compensation plans that we adopt in the future.

Procedures for Nominating Directors

There have been no material changes to the procedures by which security holders may recommend nominees to the Board during the quarter ended December 31, 2016.

Compensation Committee Interlocks and Insider Participation

Each member of the board of directors is, or was during the fiscal year ended December 31, 2016, an officer, former officer or employee of the Company or any of its subsidiaries. Except as set forth herein, no member of the board of directors was a person having a relationship requiring disclosure by the Company pursuant to Item 404 of Regulation S-K. No executive officer of the Company served as a member of (i) the compensation committee of another entity of which one of the executive officers of such entity served on the Company’s compensation committee (or board committee performing equivalent functions) or (ii) the board of directors of another entity of which one of the executive officers of such entity served on the Company’s board, during the fiscal year ended December 31, 2016.

Item 11. Executive Compensation

The following table summarizes all compensation recorded by Axiom in 2016, 2015 and 2014 for our then principal executive officer, each other executive officer serving as such whose annual compensation exceeded $100,000, and up to two additional individuals for whom disclosure would have been made in this table but for the fact that the individual was not serving as an executive officer of our company at December 31, 2016.

2016 Summary Compensation Table

Name and Principal Position	Fiscal Year Ended	Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		All Other Compensation ($)		Total ($)
Curtis Riley,	2016
Chief Executive	2015		-		-		-		-		-		-
Officer and Chief	2014		-		-		-		-		-		-
Financial Officer ⁽¹⁾

Low Tuan Lee,	2016		-		-		-		-		-		-
Former Chief Executive	2015		-		-		-		-		-		-
Officer and Chief Financial Officer ⁽²⁾	2014		-		-		-		-		-		-

Chua Seong Seng,	2016		-		-		-		-		-		-
Former Chief Executive	2015		-		-		-		-		-		-
Officer and President ⁽³⁾	2014		-		-		-		-		-		-

_____________

⁽¹⁾Mr. Riley was appointed as an officer on October 10, 2016.

⁽²⁾Mr. Lee resigned as our Chief Executive Officer and Chief Financial Officer on October 10, 2016.

⁽³⁾Mr. Seng resigned as our Chief Executive Officer on February 9, 2016.

Employment Agreements with Executive Officers

At this time, we do not have any written employment agreement or other formal compensation agreements with our new officers and director. Compensation arrangements are the subject of ongoing development and we will make appropriate additional disclosures as they are further developed and formalized.

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OUTSTANDING EQUITY AWARDS AT 2016 FISCAL YEAR-END

OPTION AWARDS											STOCK AWARDS
Name	Number of Securities Underlying Unexercised Options (#) Exercisable		Number of Securities Underlying Unexercised Options (#) Unexercisable		Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)		Option Exercise Price ($)		Option Expiration Date		Number of Shares or Units of Stock That Have Not Vested (#)		Market Value of Shares or Units of Stock That Have Not Vested ($)		Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#)		Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (#)
Curtis Riley⁽¹⁾		0		0		0		0		0		0		0		0		0
Low Tuan Lee ⁽²⁾		0		0		0		0		0		0		0		0		0
Chua Seong Seng ⁽³⁾		0		0		0		0		0		0		0		0		0

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

The following table sets forth information known to us, as of March 28, 2017, relating to the beneficial ownership of shares of common stock by:

	●	each person who is known by us to be the beneficial owner of more than 5% of the Company’s outstanding common stock;
	●	each director;
	●	each executive officer; and
	●	all executive officers and directors as a group.

Under securities laws, a person is considered to be the beneficial owner of securities owned by him (or certain persons whose ownership is attributed to him) or securities that can be acquired by him within 60 days, including upon the exercise of options, warrants or convertible securities. The Company determines a beneficial owner’s percentage ownership by assuming that options, warrants and convertible securities that are held by the beneficial owner, but not those held by any other person, and which are exercisable within 60 days, have been exercised or converted.

The Company believes that all persons named in the table have sole voting and investment power with respect to all shares of Common Stock and preferred stock shown as being owned by them. Unless otherwise indicated, the address of each beneficial owner in the table set forth below is care of Axiom Holdings, Inc., Room C, 15/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership		Percent of Class ⁽¹⁾
Curtis Riley ⁽²⁾		-		-	%
Low Tuan Lee ⁽³⁾		-		-
Chua Seong Seng ⁽⁴⁾		-		-	%
All executive officers and directors as a group (1 person)		-		-	%

Five Percent Shareholders
Pui Lam Rex Cheung⁽⁵⁾		24,000,000		7.059	%
Yang Chuan⁽⁶⁾		40,000,000		11.765	%
Hu Dengyang⁽⁶⁾		160,000,000		47.059	%

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⁽¹⁾ Based on 340,000,000 shares issued and outstanding as of March 28, 2017 and includes, where applicable, shares of common stock issuable upon the exercise of warrants and conversion of debt held by such person that may be exercised within 60 days after March 28, 2017. Unless otherwise indicated, we believe that all persons named in the table above have sole voting power and/or investment power with respect to all shares of common stock beneficially, warrants and convertible debt owned by them.

⁽²⁾ Mr. Riley was appointed as an officer and director on October 10, 2016.

⁽³⁾ Mr. Lee resigned as our Chief Executive Officer and Chief Financial Officer on October 10, 2016.

⁽⁴⁾ Mr. Seng resigned as our Chief Executive Officer on February 9, 2016.

⁽⁵⁾ Address is: Room C404, 4/F, On Wa House, Lok Wa South Estate, Kwan Tong, Kowloon, Hong Kong.

⁽⁶⁾ Address is: Qian He Xin Cheng Building 4 #712, 520 Shuhan Road, Chengdu, Sichuan, PRC.

From time to time we engage in transactions with related parties. The following is a summary of the related party transactions reflected in Note 10 to our unaudited financial statements the three month period ended December 31, 2010 and Notes 6 and 13 to our consolidated financial statements for the fiscal year ended December 31, 2016.

Due from related parties at December 31, 2016 and 2015 consist of as follows:

	December 31,		December 31,
Related Party Name	2016		2015		Relationship with the Company
Due from related parties
Sichuan Jiuyuen Property Development Company Limited	$	484,184	$	-	Under the same ultimate common control with CJC
Chengdu Yongtian Machinery Company Limited		371,207		-	Under the same ultimate common control with CJC
	$	855,391	$	-

The amounts were non-interest bearing, unsecured and had no fixed terms of repayment.

As of December 31, 2016 and 2015, the Company was obligated to the following related parties:

	December 31,		December 31,
Related Party Name	2016		2015		Relationship with the Company

Yeung Baigui	$	3,179,676	$	2,963,213	Current director and former stockholder of Si Gu Niang
Wu Hongguang		7,423,561		7,810,900	Current director of Jitai and former stockholder of Jitai and Xing Tie
Chen Juan		1,204,493		-	Current director of and former stockholder of En Ze
Hu Dengyang		1,125,602		-	Current director of Jin Bai Xing and former stockholder of En Ze
Wu Ling Electrical Engineering Company Limited		3,550,252		1,540,924	Former stockholder of Xing Tie, currently under the same ultimate common control with CJC
Sichuan Jiuyuen Property Development Company Limited		-		414,351	Under the same ultimate common control with CJC
Sichuan Jiuyuen Electrical Engineering Company Limited		9,754,913		7,286,028	Under the same ultimate common control with CJC
Xinlong Xi Da Electrical Engineering Company Limited		270,078		289,437	Under the same ultimate common control with CJC
Li Yuen Huacheng Electrical Engineering Company Limited		2,375,344		2,160,602	Under the same ultimate common control with CJC
Sichuan Red Leaf Electrical Engineering Company Limited		387,846		153,846	Under the same ultimate common control with CJC
	$	29,271,765	$	22,619,301

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Our principal executive offices are located at Room C, 15/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong. This office space which is being provided to us rent-free by a shareholder on a month-to-month basis.

Policy Regarding Transactions with Related Persons

We do not have a formal, written policy for the review, approval or ratification of transactions between us and any director or executive officer, nominee for director, 5% stockholder or member of the immediate family of any such person that are required to be disclosed under Item 404(a) of Regulation S-K. However, our policy is that any activities, investments or associations of a director or officer that create, or would appear to create, a conflict between the personal interests of such person and our interests must be assessed by our Chief Executive Officer and must be at arms’ length.

Item 14. Principal Accounting Fees and Services.

The following table shows the fees that were billed for the audit and other services provided by our independent auditors for the fiscal years ended December 31, 2016 and 2015, respectively.

	2016		2015

Audit Fees	$	135,509	$	12,200
Audit-Related Fees		-		-
Tax Fees		-		-
All Other Fees		-		-
Total	$	135,509	$	12,200

Audit Fees — This category includes the audit of our annual financial statements, review of financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the independent registered public accounting firm in connection with engagements for those fiscal years. This category also includes advice on audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements.

Audit-Related Fees — This category consists of assurance and related services by the independent registered public accounting firm that are reasonably related to the performance of the audit or review of our financial statements and are not reported above under “Audit Fees.” The services for the fees disclosed under this category include consultation regarding our correspondence with the SEC and other accounting consulting.

Tax Fees — This category consists of professional services rendered by our independent registered public accounting firm for tax compliance and tax advice. The services for the fees disclosed under this category include tax return preparation and technical tax advice.

All Other Fees — This category consists of fees for other miscellaneous items.

Our Board of Directors has adopted a procedure for pre-approval of all fees charged by our independent registered public accounting firm. Under the procedure, the Board approves the engagement letter with respect to audit, tax and review services. Other fees are subject to pre-approval by the Board, or, in the period between meetings, by a designated member of the Board. Any such approval by the designated member is disclosed to the entire Board at the next meeting.

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PART IV

Item 15. Exhibits

(a)	1.	Financial Statements

		The consolidated financial statements and Report of Independent Registered Public Accounting Firm are listed in the “Index to Consolidated Financial Statements” on page F-1 and included on pages F-2 through F-19.

	2.	Financial Statement Schedules

		All schedules for which provision is made in the applicable accounting regulations of the SEC are either not required under the related instructions, are not applicable (and therefore have been omitted), or the required disclosures are contained in the financial statements included herein.

	3.	Exhibits

Exhibit No.		DESCRIPTION

3.1(a)		Articles of Incorporation, as filed with the Nevada Secretary of State (incorporated by reference to Exhibit 3.1 to the Company’s Form S-1 (SEC File No. 333-195950) filed with the Commission on May 14, 2014).
3.1(b)		Certificate of Amendment to its Articles of Incorporation as filed with the Secretary of State of Nevada on September 16, 2015 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K/A filed with the Commission on March 30, 2017).
3.1(c)		Certificate of Correction to Certificate of Amendment to its Articles of Incorporation as filed with the Secretary of State of Nevada on March 29, 2017 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K/A filed with the Commission on March 30, 2017).
3.2		Bylaws (incorporated by reference to Exhibit 3.2 to the Company’s Form S-1 (SEC File No. 333-195950) filed with the Commission on May 14, 2014).
10.1		Share Exchange Agreement, dated as of October 10, 2016, by and between Axiom Holdings, Inc., CJC Holdings, Ltd., Hu Dengyang and Yang Chuan (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the Commission on October 14, 2016).
10.2*		Amendment to Share Exchange Agreement, dated as of December 21, 2016, by and between Axiom Holdings, Inc., CJC(Hong Kong), Ltd., Hu Dengyang and Yang Chuan (Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed with the Commission on December 23, 2016).
21.1*		Subsidiaries of the Registrant.
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*		Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
101.INS*		101.INS* XBRL INSTANCE DOCUMENT
101.SCH*		XBRL TAXONOMY EXTENSION SCHEMA
101.CAL*		XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
101.DEF*		XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
101.LAB*		XBRL TAXONOMY EXTENSION LABEL LINKBASE
101.PRE*		XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

__________

* Filed herewith.

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SIGNATURE

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

	Axiom Holdings, Inc.

Dated: March 31, 2017	By:	/s/ Curtis Riley
		Curtis Riley, Chief Executive Officer and Chief Financial 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.

Signature	Title	Date

/s/ Curtis Riley	Chief Executive Officer, Chief Financial Officer and Director	March 31, 2017
Curtis Riley	(principal executive officer, principal financial officer and principal accounting officer)

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INDEX TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2016, 2015, AND 2014

		Page

Report of Independent Registered Public Accounting Firm		F-2

Consolidated Balance Sheets		F-3

Consolidated Statements of Operations and Other Comprehensive Loss		F-4

Consolidated Statement of Stockholders' Equity		F-5

Consolidated Statements of Cash Flows		F-6

Notes to the Consolidated Financial Statements		F-7

F-1

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of Axiom Holdings, Inc.

(Incorporated in the State of Nevada, United States of America)

We have audited the accompanying consolidated balance sheets of Axiom Holdings, Inc. and its subsidiaries (the “Company”) as of December 31, 2016 and December 31, 2015, and the related consolidated statements of operations and other comprehensive income (loss), stockholders’ equity, and cash flows for the years ended December 31, 2016, December 31, 2015 and December 31, 2014. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (“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. The Company is not required to have, nor have we been engaged to perform, an audit from its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, these consolidated financial statements referred to above present fairly, in all material respects, the financial position of Axiom Holdings, Inc. and its subsidiaries as of December 31, 2016 and December 31, 2015, and the results of their operations and their cash flows for each of the years ended December 31, 2016, December 31, 2015 and December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 and 3 to the financial statements, the Company has an obligation of guarantee to pay off its revenue of total of $1,364,620, an accumulated deficit of $2,882,019 as of December 31, 2016, and a net loss of $1,019,111 and net cash used in operations of $6,202,033 for the year ended December 31, 2016. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans concerning these matters are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/Anthony Kam & Associates Limited

Anthony Kam & Associates Limited

Certified Public Accountants

March 31, 2017

Hong Kong, China

F-2

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AXIOM HOLDINGS, INC.

Consolidated Balance Sheets

	As of			As of
	December 31,			December 31,
	2016			2015
ASSETS
Current Assets
Cash and cash equivalents	$	52,159		$	140,438
Accounts receivable		13,986			78,532
Prepaid expenses		10,167,037			-
Due from related party		855,391			-
Total Current Assets		11,088,573			218,970
Long-term deposits		68,976			73,919
Property and equipment, net		70,197,828			75,893,832
Intangible assets, net		199,599			221,606
TOTAL ASSETS		81,554,976			76,408,327

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued liabilities	$	1,507,063		$	1,541,519
Accrued interest		2,147,424			1,254,629
Current portion of loans payable		3,175,770			-
Deposit received		1,557,372			1,713,694
Due to related parties		29,271,765			22,619,301
Tax payable		654,730			744,699
Dividend payable		49,578			-
Other current liabilities		114,960			1,309,000
Total Current Liabilities		38,478,662			29,182,842
Long-term loans payable		33,877,275			36,628,900
TOTAL LIABILITIES		72,355,937			65,811,742

Stockholders' Equity
Preferred stock: 50,000,000 authorized; $0.001 par value no shares issued and outstanding		-			-
Common stock: 3,000,000,000 authorized; $0.001 par value 340,000,000 shares issued and outstanding, respectively		340,000			340,000
Capital reserve		34,287			34,287
Additional paid in capital		9,625,791			9,330,000
Accumulated other comprehensive income		2,080,980			2,755,206
Accumulated deficit		(2,882,019	)		(1,862,908	)
Total Stockholders' Equity		9,199,039			10,596,585

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	81,554,976		$	76,408,327

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

F-3

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AXIOM HOLDINGS, INC.

Consolidated Statements of Operations and Other Comprehensive Loss

	Year Ended December 31,
	2016			2015			2014

Revenues	$	2,234,415		$	1,987,464		$	2,183,113
Cost of goods sold		(992,736	)		(833,467	)		(924,122	)
Gross Profit		1,241,679			1,153,997			1,258,991

Operating Expenses
General and administrative		457,269			568,803			2,044,625
Professional fees		157,131			-			-
Total operating expenses		614,400			568,803			2,044,625

Operating Profit		627,279			585,194			(785,634	)

Other income (expense)
Interest expense, net		(1,088,952	)		(1,068,176	)		(803,306	)
Other expense		(419	)		(23,998	)		(32	)
Loss on related party guarantee		(557,019	)		-			-
Total other expenses		(1,646,390	)		(1,092,174	)		(803,338	)

Net loss before income taxes		(1,019,111	)		(506,980	)		(1,588,972	)
Provision for income taxes		-			-			-

Net Loss	$	(1,019,111	)	$	(506,980	)	$	(1,588,972	)

Other Comprehensive Loss
Foreign currency translation adjustments		(674,226	)		(494,751	)		(353,574	)
Total Comprehensive Loss	$	(1,693,337	)	$	(1,001,731	)	$	(1,942,546	)

Basic and Diluted Loss per Common Share	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and Diluted Weighted Average Common Shares Outstanding		340,000,000			340,000,000			340,000,000

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

F-4

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AXIOM HOLDINGS, INC.

Consolidated Statement of Stockholders' Equity

Years Ended December 31, 2016 and 2015

														Accumulated
											Additional			Other
	Preferred Stock				Common Stock				Capital		Paid in			Comprehensive			Accumulated
	Shares		Amount		Shares		Amount		Reserve		Capital			Income (Loss)			Deficit			Total

Balance, December 31, 2013		-	$	-		339,999,578	$	340,000	$	34,287	$	9,329,988		$	3,603,531		$	233,044		$	13,540,850

Net loss																		(1,588,972	)		(1,588,972	)
Other comprehensive loss															(353,574	)					(353,574	)
Balance, December 31, 2014		-		-		339,999,578		340,000		34,287		9,329,988			3,249,957			(1,355,928	)		11,598,304

Issued common stock to Founder						422		-				12									12
Net loss																		(506,980	)		(506,980	)
Other comprehensive loss															(494,751	)					(494,751	)
Balance, December 31, 2015		-		-		340,000,000		340,000		34,287		9,330,000			2,755,206			(1,862,908	)		10,596,585

Recapitalization												(43,831	)								(43,831	)
Debt forgiveness												339,622									339,622
Net loss																		(1,019,111	)		(1,019,111	)
Other comprehensive loss															(674,226	)					(674,226	)
Balance, December 31, 2016		-	$	-		340,000,000	$	340,000	$	34,287	$	9,625,791		$	2,080,980		$	(2,882,019	)	$	9,199,039

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

F-5

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AXIOM HOLDINGS, INC.

Consolidated Statements of Cash Flows

	Year Ended December 31,
	2016			2015			2014

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(1,019,111	)	$	(506,980	)	$	(1,588,972	)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization		1,013,640			862,255			920,908
Changes in operating assets and liabilities:
Accounts receivable		62,118			(81,158	)		3,575,143
Other receivable		-			-			77,906
Prepaid expenses and deposits		(10,643,637	)		397,262			(196,529	)
Accounts payable and accrued liabilities		4,554,748			(3,115,301	)		(345,743	)
Accrued interest		1,023,238			566,981			(461,329	)
Deposit receivable		(43,692	)		482,405			(441,646	)
Tax payable		(42,074	)		(215,427	)		1,034,418
Other liabilities		(1,107,263	)		(254,642	)		(9,533	)
Net cash provided by (used in) operating activities		(6,202,033	)		(1,864,605	)		2,564,623

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(4,855,924	)		(6,650,135	)		(11,256,239	)
Payments of due from related party		(1,651,710	)		-			(1,079,936	)
Collection of due from related party		298,000			1,213,765			-
Net cash used in investing activities		(6,209,634	)		(5,436,370	)		(12,336,175	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loans		4,516,374			7,877,991			20,450,428
Repayment of loans		(1,505,458	)		(2,625,997	)		(430,108	)
Proceeds from related parties		9,309,915			2,030,213			-
Payments to related parties		-			-			(10,436,439	)
Net cash provided by financing activities		12,320,831			7,282,207			9,583,881

Effects on changes in foreign exchange rate		2,557			(6,690	)		(7,572	)

Net decrease in cash and cash equivalents		(88,279	)		(25,458	)		(195,243	)
Cash and cash equivalents - beginning of period		140,438			165,896			361,139
Cash and cash equivalents - end of period	$	52,159		$	140,438		$	165,896

Supplemental Cash Flow Disclosures
Cash paid for interest	$	65,715		$	-		$	-
Cash paid for income taxes	$	-		$	-		$	-

Non-Cash Investing and Financing Activity:
Related party debt forgiven	$	339,622		$	-		$	-

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

F-6

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AXIOM HOLDINGS, INC.

Notes to the Consolidated Financial Statements

December 31, 2016, 2015, and 2014

(Except Axiom Holdings, Inc., Horizon Resources Co. Limited and CJC (Hong Kong) Limited, all English names of the companies and natural persons in this report are not their official English names but are stated here for identification purpose only.)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Axiom Holdings, Inc. (the “Company” or “Axiom”) is a Nevada corporation incorporated on August 7, 2013, as At Play Vacations, Inc. It is based in Kowloon, Hong Kong. The Company incorporated wholly-owned subsidiaries, Quality Resort Hotels, Inc. (“QRH”) in Florida on August 8, 2013 and Horizon Resources Co. Ltd (“Horizon”) in the Cayman Islands on September 7, 2015. On June 23, 2016, QRH was legally dissolved with the state of FL. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is December 31.

The Share Exchange Agreement

On October 10, 2016, Axiom entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with CJC (Hong Kong) Limited (“CJC”) and the two shareholders of CJC, Hu Dengyang and Yang Chuan (the “CJC Shareholders”). Pursuant to the Share Exchange Agreement, Axiom has agreed to acquire all of the issued and outstanding shares of CJC from the CJC Shareholders in exchange for the issuance to the CJC Shareholders of 200,000,000 shares of Axiom’s common stock, par value $0.001 per share (the “Common Stock”).

In connection with the transactions contemplated under the Share Exchange Agreement, Axiom will cancel 200,000,000 shares of its Common Stock currently outstanding prior to the closing of the transactions, and therefore the shares of Common Stock issued to the CJC Shareholders in the transactions pursuant to the Share Exchange Agreement will represent approximately 58.8% of the issued and outstanding shares of Axiom’s Common Stock at the closing of such transactions. As of October 10, 2016, Axiom has 340,000,000 shares of Common stock issued and outstanding. The acquisition of the shares of CJC and the cancellation of the shares of Company’s Common Stock as described herein, together with the other transactions described in the Share Exchange Agreement, are collectively referred to herein as the “Transactions.” Upon completion of the closing of the Transactions, CJC will become a subsidiary of Axiom.

Any party may terminate the Share Exchange Agreement if the closing of the Transactions does not occur by February 15, 2017 (unless such failure was due to a breach of the Share Exchange Agreement by such party). The Company’s obligation to close is conditioned upon, among other items, (i) certain, limited customary representations and warranties of CJC and the CJC Shareholders remaining true and correct; (ii) CJC and the CJC Shareholders having complied in all material respects with all covenants and conditions required by the Share Exchange Agreement; (iii) no order of any governmental authority being in place which prohibits the Transactions; (iv) receipt of any consents or approvals required for the closing of the Transactions under any contracts, permits, trademarks or intangibles; (v) the completion by Axiom, to its satisfaction in its sole discretion, of its due diligence investigation of CJC and its operations; (vi) CJC having provided Axiom with certain financial statements and (vii) no material adverse effect having occurred with respect to CJC.

CJC and the CJC Shareholders’ obligations to close are conditioned upon, among other items, (i) certain, limited customary representations and warranties of Axiom remaining true and correct; (ii) Axiom having complied in all material respects with all covenants and conditions required by the Share Exchange Agreement; (iii) no order of any governmental authority being in place which prohibits the Transactions; (iv) no more than 340,000,000 shares of Common Stock being outstanding; (v) the completion by counsel for the CJC Shareholders, to its satisfaction in its sole discretion, of its due diligence investigation of Axiom; and (vi) no material adverse effect having occurred with respect to Axiom.

As of the closing of the Transactions, the parties have agreed to execute such documents and undertake such actions as required to cause the Board of Directors of Axiom following the closing to consist of one current director of Axiom and two directors appointed by the CJC Shareholders.

On December 21, 2016, Axiom, Horizon, CJC and the CJC Shareholders entered into an amendment to the Share Exchange Agreement (the “SEA Amendment”) in which Horizon agreed to acquire all of the issued and outstanding CJC’s Shares from the CJC Shareholders in exchange for the issuance by Axiom to the CJC Shareholders of 200,000,000 shares of Common Stock. The Share Exchange Agreement as amended by the SEA Amendment is collectively referred to as the “Share Exchange Agreement, as amended”. The SEA Amendment also provides for the addition of Sichuan Xing Tie Electric Power Company Limited which is an additional subsidiary of CJC to be acquired as part of the transaction. The Share Exchange Agreement as originally drafted provided for the direct acquisition by Axiom of the CJC’s Shares, and the SEA Amendment accomplishes this through the transfer of the CJC Shares to Horizon, resulting in indirect ownership by Axiom of the CJC’s Shares through Axiom’s wholly owned subsidiary Horizon.

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On December 21, 2016, Horizon completed the acquisition of the CJC’s Shares as provided for in the Share Exchange Agreement as amended by the SEA Amendment. Pursuant to the terms and conditions of the Share Exchange Agreement, as amended, the CJC Shareholders who collectively own 100% of the issued and outstanding shares of CJC exchanged their CJC Shares for an aggregate of 200,000,000 shares of our common stock. Pursuant to terms of the Share Exchange Agreement and immediately prior to the completion of the acquisition of CJC, Low Tuan Lee, Lim Wei and Chua Seong cancelled an aggregate of 200,000,000 shares of Axiom’s common stock. Upon completion of the closing, CJC will become a subsidiary of Axiom and the CJC Shareholders as a group will hold approximately 58.8% of Axiom’s pro-forma shares of common stock outstanding which is expected to be approximately 340,000,000 shares giving effect to the issuance of the shares to acquire CJC and the share cancellation.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Consolidated Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. The Company’s fiscal year end was September 30 and changed to December 31 on October 1, 2015.

Basis of Consolidation

At December 31, 2016, the Company, through its wholly owned direct and indirect subsidiaries listed below, operates in two industry segments, namely hospitality and power production, and one geographic segment, the People’s Republic of China (“China” or the “PRC”).

Entity Name	Entity Owned By	Nature of Operation	Country of Incorporation
Horizon Resources Co. Ltd	Axiom	Investment holding	Cayman Islands
CJC (Hong Kong) Limited	Horizon	Investment holding	Hong Kong, China
Jin Tai Hong (Shenzhen) Hotel Management Services Company Limited (“Jin Tai Hong”)	CJC	Investment holding	China
Jin Bai Xing (Shenzhen) Clean Energy Technology Services Company Limited (“Jin Bai Xing”)	CJC	Investment holding	China
Xiao Jin County En Ze Hotel Management Company Limited ("En Ze")	Jin Tai Hong	Hotel management	China
Xiao Jin County Si Gu Niang Mountain Hotel Management Company Limited ("Si Gu Niang")	Jin Tai Hong	Hotel operation (under construction)	China
Xiaojin County Jitai Power Investment Company Limited (“Jitai”)	Jin Bai Xing	Hydroelectric power station operation	China
Xiaojin County Xin Hong Electric Power Development Company Limited (“Xin Hong”)	Jin Bai Xing	Hydroelectric power station operation (under construction)	China
Sichuan Xing Tie Electric Power Company Limited (“Xing Tie”)	Jin Bai Xing	Manufacturing and trading of mechanical and electrical equipment	China

These consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Foreign Currency Translation and Re-measurement

The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “Foreign Currency Matters”.

The Company’s functional currency and reporting currency is the U.S. dollar, subsidiaries’ functional currency is the Chinese Yuan Renminbi (“CNY”) and Hong Kong Dollar (“HKD”).

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The Company's subsidiaries, whose records are not maintained in that company's functional currency, re-measure their records into their functional currency as follows:

	·	Monetary assets and liabilities at exchange rates in effect at the end of each period
	·	Nonmonetary assets and liabilities at historical rates
	·	Revenue and expense items at the average rate of exchange prevailing during the period

Gains and losses from these re-measurements were not significant and have been included in the Company's results of operations.

The Company's subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows:

	·	Assets and liabilities at the rate of exchange in effect at the balance sheet date
	·	Equities at the historical rate
	·	Revenue and expense items at the average rate of exchange prevailing during the period

Adjustments arising from such translations are included in accumulated other comprehensive income in shareholders’ equity.

	December 31,		December 31,		December 31,
	2016		2015		2014

Spot CNY: USD exchange rate	$	0.14	$	0.15	$	0.16
Average CNY: USD exchange rate	$	0.15	$	0.16	$	0.16
Spot HKD: USD exchange rate	$	0.129	$	0.129	$	0.129
Average HKD: USD exchange rate	$	0.129	$	0.129	$	0.129

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $52,159 and $140,438 in cash and cash equivalents as at December 31, 2016 and 2015, respectively.

Accounts Receivable

The Company has performed an analysis on all of its accounts receivable and determined that all amounts are collectible by the Company. Accounts receivable are reflected as a current asset and no allowance for bad debt has been recorded as of December 31, 2016 and 2015. The Company’s accounts receivable consists of only trade receivables.

Long-Lived Assets

Long-lived assets are evaluated for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.

Property and Equipment

Property and equipment are stated at cost. Repair and maintenance costs that do not improve service potential or extend economic life are expensed as incurred. Depreciation is recorded principally by the straight-line method over the estimated useful lives of our assets, which are reviewed periodically and generally have the following ranges:

	Years
Power stations		35
Office equipment		8
Mechanical equipment	6-30
Transportation equipment	6-10

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Construction in progress is the construction or development of property and equipment that have not yet been placed in service for our intended use and is not depreciated until ready for service. It is recognized based on the costs incurred, and is reclassified to property and equipment when it is available for intended use. Depreciation is not recorded during the period in which a long-lived asset or disposal group is classified as held for sale, even if the asset or disposal group continues to generate revenue during the period.

We evaluate the carrying value of our property and equipment if there are indicators of potential impairment. We perform an analysis to determine the recoverability of the asset’s carrying value by comparing the expected undiscounted future cash flows to the net book value of the asset. If it is determined that the expected undiscounted future cash flows are less than the net book value of the asset, the excess of the net book value over the estimated fair value is recorded in our consolidated statements of operations within impairment losses. Fair value is generally estimated using valuation techniques that consider the discounted cash flows of the asset using discount and capitalization rates deemed reasonable for the type of asset, as well as prevailing market conditions, appraisals, recent similar transactions in the market and, if appropriate and available, current estimated net sales proceeds from pending offers.

Capitalized Interest

Interest is capitalized on construction in progress using the interest rate of 11.28% during the year ended December 31, 2016, and the interest rate range of 6.14% - 11.28% during the year ended December 31, 2015. Interest of $208,902 and $1,514,566 was capitalized during the years ended December 31, 2016, and 2015, respectively, and is included in construction in progress in the Company's consolidated balance sheets.

Intangible Assets

We account for intangible assets in accordance with ASC 350 "Intangibles-Goodwill and Other.” The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Land use rights are amortized over 50 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.

Due to Related Party

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

Financial Instruments

The Company follows ASC 820,"Fair Value Measurements and Disclosures," which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company's financial instruments consist principally of cash and restricted cash, prepaid expense, and accounts payable and accrued liabilities and amounts due to related parties. Pursuant to ASC 820, the fair value of the Company's cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the Company's other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

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Concentrations of Credit Risk

The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures is limited.

All of the accounts receivable were due from a single customer of Jitai. The customer is a company with the PRC Government being the major shareholder. Hence, the credit risk associated with the accounts receivable was considered to be insignificant.

Revenue Recognition

The Company pursues opportunities to realize revenues from the provision of electricity by Jitai, to one customer. It is the Company’s policy that revenues will be recognized in accordance with ASC 605, “Revenue Recognition.” The Company recognizes revenue only when all of the following criteria have been met:

	i)	power is generated and sold to our customer,
	ii)	the customer signs back confirmation on quantity of power generated,
	iii)	the unit charge of power is fixed or determinable; and,
	iv)	collection is reasonably assured.

Concentration of Revenue

All revenue of the Company during the years was earned from provision of electricity to a single customer which was unrelated to the Company.

Share-based Expenses

ASC 718 "Compensation – Stock Compensation," prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, "Equity – Based Payments to Non-Employees." Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.

There were no share-based expenses for the year ended December 31, 2016, 2015 and 2014.

Net Loss per Share of Common Stock

The Company has adopted ASC Topic 260, "Earnings per Share," ("EPS") which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Commitments and Contingencies

The Company follows ASC 450-20, "Loss Contingencies," to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

An unrelated company (the “Guarantor”) has provided a guarantee for a related company of CJC (the “Related Company”) to secure a bank loan of $1,449,900 which matured in 2014. Jitai has in turn provided a guarantee to the Guarantor. Upon maturity of the loan, the Related Company failed to repay the loan. Hence, the Guarantor repaid the amount to the bank for the Related Company, but Jitai failed to fulfill its obligation for the guarantee to the Guarantor. By a court order, an agreement (the “Jitai Agreement”) between the Guarantor and Jitai was reached whereby the revenue of Jitai from June 2016 will be paid directly from the customer of Jitai to the Guarantor until a total of $1,364,620 has been repaid to the Guarantor. For the year ended December 31, 2016, the Company paid $557,019 and recorded a loss on the related party guarantee of $577,019.

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Except for this commitment, there were no other commitments or contingencies at December 31, 2016 and 2015.

Recent Accounting Pronouncements

In January 2017, the FASB has issued Accounting Standards Update (ASU) No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Effective for public business entities that are a SEC filers for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company is currently evaluating the potential impact that the adoption of this ASU may have on its financial statements.

In December 2016, the FASB has issued Accounting Standards Update (ASU) No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” The amendments affect narrow aspects of the guidance issued in ASU 2014-09 including Loan Guarantee Fees, Contract Costs, Provisions for Losses on Construction-Type and Production-Type Contracts, Disclosure of Remaining Performance Obligations, Disclosure of Prior Period Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liability, Advertising Costs, Fixed Odds Wagering Contracts in the Casino Industry, and Costs Capitalized for Advisors to Private Funds and Public Funds. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements for FASB Accounting Standards Codification Topic 606. Public entities should apply Topic 606 (and related amendments) for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently evaluating the potential impact that the adoption of this ASU may have on its financial statements.

Management has considered all other recent accounting pronouncements issued since the last audit of our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

Reclassification

Certain amounts from prior periods have been reclassified to conform to the current period presentation.

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The Company has a net loss from operations of $1,019,111 and a net cash used in operation of $6,202,033 for the year ended December 31, 2016, and an accumulated deficit of $2,882,019 as of December 31, 2016. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ended December 31, 2017.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings.

As shown in Note 2 – Revenue Recognition, the failure of Jitai to fulfill its obligation of guarantee and the agreement between the Guarantor and Jitai will significantly affect the subsequent revenue recognized by Jitai and hence the Company.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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NOTE 4 - ACCOUNTS RECEIVABLE

Accounts receivable represents the amounts billed to the sole customer of Jitai for provision of electricity. It was overdue for less than one year as at the end of the periods presented. The sole customer is a company with the PRC Government being the major shareholder, and hence is considered to be trust worthy and no impairment is considered to be required for the amount.

NOTE 5 - PREPAID EXPENSES

The Company's prepaid expenses consist of the followings:

	December 31,		December 31,
	2016		2015
Third party suppliers for construction materials	$	258,676	$	-
Third party service providers for construction services		9,776,582		-
Third party suppliers for construction equipment		126,456		-
Other prepaid		5,323		-
	$	10,167,037	$	-

NOTE 6 - LONG-TERM DEPOSITS

The Company's long-term deposits consist of the followings:

	December 31,		December 31,
	2016		2015
The authority of the PRC government as a guarantee for the standard of the power station upon completion of construction		68,976		73,919
	$	68,976	$	73,919

NOTE 7 - PROPERTY AND EQUIPMENT

Property and equipment at December 31, 2016 and 2015 consist of the following:

	December 31,			December 31,
	2016			2015
Cost:
Power station	$	34,356,510		$	36,819,085
Office equipment		17,800			19,076
Mechanical equipment		12,271			5,968
Transportation		91,288			97,831
Construction in progress		41,104,502			43,693,166
		75,582,371			80,635,126
Less: accumulated depreciation		(5,384,543	)		(4,741,294	)
Property and Equipment, net	$	70,197,828		$	75,893,832

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Depreciation expense for the year ended December 31, 2016, 2015 and 2014 amounted to $1,006,113, $853,485 and $912,792, respectively.

Part of power station and construction in progress has been pledged to banks to secure the bank loans (Note 10) provided to the Company.

During the year ended December 31, 2016 and 2015, construction in progress of $0 and $14,420,282, respectively, had been re-classified to power station upon completion of construction when the facility reached the stage of completion for its intended use.

NOTE 8 - INTANGIBLE ASSETS

The intangible assets represent land use rights in the PRC with lease terms ranging from 36 years to 50 years.

	December 31,			December 31,
	2016			2015

Cost	$	221,801		$	237,699
Less: accumulated amortization		(22,202	)		(16,093	)
Intangible assets, net	$	199,599		$	221,606

The amortization expense for the year ended December 31, 2016, 2015 and 2014 amounted to $7,527, $7,950 and $8,100, respectively.

Part of land use rights have been pledged to banks to secure for the bank loans (Note 10) provided to the Company.

NOTE 9 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The Company's accounts payable and accrued liabilities consist of the followings:

	December 31,		December 31,
	2016		2015

Accrued expense		141,796		-
Construction service fees payable to third party service providers		1,361,135		1,529,487
Salaries and sundries expenses payable		4,132		12,032
	$	1,507,063	$	1,541,519

The amounts were interest free, unsecured and to be repaid within 1 year from December 31, 2016 and 2015, respectively.

NOTE 10 - LOANS PAYABLE AND ACCRUED INTEREST

The components of our long-term debt from Bank and Credit Union, including the current portion, and the associated interest rates, were as follows as of December 31, 2016 and 2015:

	December 31,		December 31,
	2016		2015		Interest rate

Note payable - December 29, 2011 - December 28, 2017	$	330,510	$	354,200	0.94% per month
Note payable - November 23, 2011 - November 23, 2017		790,350		847,000	0.94% per month
Note payable - August 31, 2011 - August 30, 2017		617,910		662,200	0.94% per month
Note payable - June 16, 2014 - June 15, 2020		7,185,000		7,700,000	Best lending interest rate of the People's Bank of China plus 20% per annum
Note payable - January 22, 2015 - January 21, 2020		2,406,975		2,579,500	11.40% per annum
Note payable - November 24, 2014 - November 25, 2024		4,742,100		5,082,000	9.23% per annum
Note payable - January 10, 2014 - December 20, 2032		16,669,200		19,404,000	Best lending interest rate of the People's Bank of China plus 4% per annum
Note payable - June 27, 2016 - June 28, 2021		4,311,000		-	7.6% per annum
	$	37,053,045	$	36,628,900
Current portion of loans payable		3,175,770		-
Long-term loans payable	$	33,877,275	$	36,628,900

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Interest expenses for the year ended December 31, 2016, 2015 and 2014 amounted to $1,088,952, $1,068,176 and $803,306, respectively.

NOTE 11 - DEPOSITS RECEIVED

Deposits received represent the deposits received from one of the major construction service providers as a performance guarantee of the power station under construction for the year ended December 31, 2015, and from eight construction service providers as a performance guarantee for the power station under construction for the year ended December 31, 2016. Deposits received will be refunded to the service providers when the construction is completed to a satisfactory standard.

NOTE 12 - RELATED PARTY TRANSACTIONS

Due from Related Parties

Due from related parties at December 31, 2016 and 2015 consist of as follows:

	December 31,		December 31,
Related Party Name	2016		2015		Relationship with the Company
Sichuan Jiuyuen Property Development Company Limited	$	484,184	$	-	Under the same ultimate common control with CJC
Chengdu Yongtian Machinery Company Limited		371,207		-	Under the same ultimate common control with CJC
	$	855,391	$	-

The amounts were non-interest bearing, unsecured and had no fixed terms of repayment.

Due to Related Parties

As of December 31, 2016 and 2015, the Company was obligated to the following related parties:

		December 31,				December 31,				Relationship with
Related Party Name		2016				2015

Filing Compare · AXIOM HOLDINGS, INC.