UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

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

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

oFor ~~TRANSITION~~the ~~REPORT~~transition ~~PURSUANT~~period TOfrom ~~SECTION~~________ 13to ~~OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~_________

~~For~~Commission ~~the~~file ~~transition~~number ~~period from ______________ to _________________~~000-55642

~~Commission~~LOVE ~~file~~INTERNATIONAL ~~number:~~GROUP, ~~000-55642~~INC. (Exact name of registrant as specified in charter)

LOVE INTERNATIONAL GROUP, INC. (Exact name of registrant as specified in its charter)

Nevada		80-0929366
(State or jurisdiction of Incorporation or organization)		I.R.S Employer Identification No.

Nevada		80-0929366
Room 161, 2nd Floor, No. 12 Building, 1154 Kangqiao Road, Pu Dong New District, Shanghai, China		201315
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(Address of principal executive offices)		(Zip code)

26+86 ~~Floor,~~021 ~~One Harbour Square, 181 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong (Address of principal executive offices) (Zip Code)~~23563330

(Registrant'’s telephone number, including area code~~: +852 2697 7733~~)

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

~~None None~~ Title of Each Class Name of Each Exchange Onon Which Registered None None

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

~~Indicate~~Common ~~by check mark if the registrant is a well-known seasoned issuer~~Stock, asPar ~~defined~~Value ~~in Rule 405 of the Securities Act~~$0.0001 ~~Yes~~Per ~~o No x~~Share

Indicate by check mark ifwhether 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

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 No ox

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~~ Yes x No o¨

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~has ~~filers~~submitted electronically every Interactive Data File required to be submitted 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 x ~~this~~No ~~Form 10-K.x~~¨

Indicate by check mark ~~whether~~if ~~registrant~~disclosure isof adelinquent ~~large~~filers ~~accelerated~~pursuant ~~filer,~~to anItem ~~accelerated~~405 ~~filer,~~of aRegulation ~~non~~S-~~accelerated~~K ~~filer~~is not contained herein, orand awill ~~smaller~~not ~~reporting~~be ~~company.~~contained, ~~See~~to ~~definitions~~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- ~~(Check~~K ~~one):~~or any amendment to this Form 10- K. ¨

~~Large~~Indicate by check mark whether the registrant is a large accelerated filer, ¨an ~~Accelerated~~accelerated filer, ¨or ~~Non~~a non-accelerated filer, ¨a ~~Smaller~~smaller reporting company, xor ~~(Do~~an ~~not~~emerging ~~check~~growth ifcompany. aSee definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company),” ~~Emerging~~and “emerging growth company” xin Rule 12b-2 of the Exchange Act. (Check one):

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

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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

The aggregate market value of ~~Common~~voting ~~Stock~~and non-voting common equity held by non-affiliates of the ~~Registrant~~registrant onas of June 30, ~~2017~~2018, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $0 based on a $0.00 average bid and asked price of such common equity, ~~as of the last business day of the registrant's most recently completed second fiscal quarter~~ (there were no bids or asks during the period from January 1, ~~2017~~2018 through June 30, ~~2017~~2018).

~~Indicate~~Number ~~the number~~ of shares ~~outstanding~~ of ~~each of the registrant's classes of~~ common stock outstanding as of ~~the~~March ~~latest~~25, ~~practicable~~2019 ~~date:~~was ~~289~~1,~~333~~000,~~360 shares as of March 29~~000, ~~2018~~000.

~~DOCUMENTS~~Documents ~~INCORPORATED~~Incorporated BYby ~~REFERENCE~~Reference: None.

~~None.~~Table of Contents

TABLE OF CONTENTS

Part I

Item 1.	Business	5

Item 1A.	Risk Factors	24

Item 1B.	Unresolved Staff Comments	49

Item 2.	Properties	49

Item 3.	Legal Proceedings	49

Item 4.	Mine Safety Disclosures	49

Part II

Item 5.	Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	50

Item 6.	Selected Financial Data	50

Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	51

Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	54

Item 8.	Financial Statements and Supplementary Data	54

Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	54

Item 9A.	Controls and Procedures	55

Item 9B.	Other Information	55

Part III

Item 10.	Directors, Executive Officers and Corporate Governance	56

Item 11.	Executive Compensation	58

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	59

Item 13.	Certain Relationships and Related Transactions, and Director Independence	60

Item 14.	Principal Accounting Fees and Services	61

Part IV

Item 15.	Exhibits, Financial Statement Schedules	62

Signatures		65

		Page
	PART I
Item 1.	Business.	3
Item 1A.	Risk Factors.	6
Item 1B.	Unresolved Staff Comments.	20
Item 2.	Properties.	20
Item 3.	Legal Proceedings.	20
Item 4.	Mine Safety Disclosures	20
	PART II
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.	21
Item 6.	Selected Financial Data.	22
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	22
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk.	25
Item 8.	Financial Statements and Supplementary Data.	25
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.	25
Item 9A.	Controls and Procedures.	26
Item 9B.	Other Information.	27
	PART III
Item 10.	Directors, Executive Officers and Corporate Governance.	28
Item 11.	Executive Compensation.	31
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	33
Item 13.	Certain Relationships and Related Transactions, and Director Independence.	33
Item 14.	Principal Accounting Fees and Services.	34
	PART IV
Item 15.	Exhibits, Financial Statement Schedules.	35
Item 16.	Form 10-K Summary.	35
	Signatures	36

2EXPLANATORY ~~Table of Contents~~NOTE

Following the completion of the fiscal year ended December 31, 2018 covered by this Annual Report on Form 10-K, on February 11, 2019, Love International Group, Inc., or the Company, completed a share exchange transaction pursuant to a share exchange agreement, or the Share Exchange Agreement with Lovego Holdings Limited, a corporation organized under the laws of the Cayman Islands (“Lovego Holdings”), Lovego Hong Kong Limited, a Hong Kong corporation (“Lovego Hong Kong”), Shanghai Lepan Business Information Consulting Co., Ltd., a PRC corporation (“WFOE”), Shenzhen Qianhai Lefu E-Commerce Co., Ltd., a PRC corporation (“Shenzhen Lefu”), Shanghai Lefu E-Commerce Co., Ltd., a PRC corporation (“Shanghai Lefu”), and the then shareholders of Lovego Holdings (the “Shareholders”). Pursuant to the Share Exchange Agreement, the Shareholders transferred all of the shares of the capital stock of Lovego Holdings held by them, constituting all of the issued and outstanding stock of Lovego Holdings, to the Company, in exchange for 710,666,640 newly issued shares of the Company’s common stock, par value $.0001 per share, that constituted approximately 71% of the Company’s issued and outstanding capital stock on a fully-diluted basis as of and immediately after the consummation of the transactions contemplated by the Share Exchange Agreement (the “Merger”). The Shareholders are Lejoy Holdings Limited and Leseng Holdings Limited, each a British Virgin Islands company.

Upon the completion of Merger, the business of Lovego Holdings Limited and its subsidiaries and consolidated affiliated entities became our business.

On February 1, 2016, the Financial Industry Regulatory Authority approved a 10-for-1 forward stock split of the issued and outstanding shares of common stock of the Company. Unless otherwise noted, all references to common stock share amounts and prices per share of common stock in this Annual Report on Form 10-K reflect the aforesaid forward stock split.

As used herein, the words the “Company,” “we,” “us,” and “our” refer to Love International Group, Inc. and its direct and indirect subsidiaries, as applicable.

Our reporting currency is the U.S. dollars. The Company uses RMB as its functional currency. This Report contains conversion of Renminbi (RMB) amounts into U.S. dollars for the convenience of the reader. Unless otherwise stated, all conversions of Renminbi into U.S. dollars were made at RMB6.8632 to $1, which was the official base exchange rate published by the People’s Bank of China (PBOC) on December 31, 2018. Monetary assets and liabilities denominated in Renminbi are translated into U.S. dollars at the respective official base exchange rate published by the PBOC as of the balance sheet date. Equity accounts denominated in Renminbi are translated into U.S. dollars at the applicable historical exchange rate. Revenues, expenses, gains and losses denominated in Renminbi are translated into U.S. dollars at the official annual average exchange rate for the applicable year as published by the PBOC. We make no representation that the Renminbi or U.S. dollar amounts referred to in this Report could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements may be identified by such forward-looking terminology as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. Our forward-looking statements are based on a series of expectations, assumptions, estimates and projections about our company, are not guarantees of future results or performance and involve substantial risks and uncertainty. We may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements. Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding:

●

our planned online mobile platform’s ability to increase and expand the selection of products and services offering;

●

our estimates of our expenses, ongoing losses, future revenue and capital requirements, including our expectations relating to the use of proceeds from our private placement offering and our needs for additional financing;

●

our ability to obtain additional funds for our operations;

●

our ability to obtain and maintain intellectual property protection for our technologies and our ability to operate our business without infringing the intellectual property rights of others;

●

our ability to attract and retain qualified key management and technical personnel;

●

our expectations regarding the time during which we will be an emerging growth company under the Jumpstart Our Business Startups Act, or Jobs Act;

●

our financial performance;

●

the impact of government regulation and developments relating to our competitors or our industry; and

●

other risks and uncertainties, including those listed under the caption “Risk Factors.”

All of our forward-looking statements are as of the date of this Annual Report on Form 10-K only. In each case, actual results may differ materially from such forward-looking information. We can give no assurance that such expectations or forward-looking statements will prove to be correct. An occurrence of, or any material adverse change in, one or more of the risk factors or risks and uncertainties referred to in this Annual Report on Form 10-K or included in our other public disclosures or our other periodic reports or other documents or filings filed with or furnished to the U.S. Securities and Exchange Commission could materially and adversely affect our business, prospects, financial condition and results of operations. Except as required by law, we do not undertake or plan to update or revise any such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections or other circumstances affecting such forward-looking statements occurring after the date of this Annual Report on Form 10-K, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. Any public statements or disclosures by us following this Annual Report on Form 10-K that modify or impact any of the forward-looking statements contained in this Annual Report on Form 10-K will be deemed to modify or supersede such statements in this Annual Report on Form 10-K.

This Annual Report on Form 10-K may include market data and certain industry data and forecasts, which we may obtain from internal company surveys, market research, consultant surveys, publicly available information, reports of governmental agencies and industry publications, articles and surveys. Industry surveys, publications, consultant surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy and completeness of such information is not guaranteed. While we believe that such studies and publications are reliable, we have not independently verified market and industry data from third-party sources.

PART I

~~Cautionary~~ITEM ~~Note~~1. ~~Regarding Forward-Looking Statements~~BUSINESS

~~This~~Our ~~annual~~Corporate ~~report~~History ~~on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”)~~ and ~~Section~~Recent 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This annual report on Form 10-K and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. Factors that could cause our actual results of operations and financial condition to differ materially are discussed in greater detail under Item 1A - “Risk Factors” of this annual report on Form 10-K.Developments

WeLove ~~caution~~International ~~that~~Group, ~~the~~Inc. ~~factors~~was ~~described~~incorporated ~~herein and other factors could cause our actual results of operations and financial condition to differ materially from those expressed~~ in ~~any~~Nevada ~~forward-looking statements we make and that investors should not place undue reliance~~ on ~~any~~May ~~such forward-looking statements. Further~~23, ~~any~~2013 ~~forward-looking~~under ~~statement speaks only as of~~ the ~~date~~name onQuintec ~~which~~Corp. ~~such~~At ~~statement is made~~formation, ~~and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after~~ the ~~date~~Company onwas ~~which~~authorized ~~such statement is made or~~ to ~~reflect~~issue ~~the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time~~100, ~~and it is not possible for us to predict all of such factors. Further~~000,000 weshares ~~cannot assess the impact~~ of ~~each~~common ~~such factor on our results of operations or the extent to which any factor~~stock, orpar ~~combination~~value of$0.001 ~~factors,~~per ~~may cause actual results to differ materially from those contained in any forward-looking statements~~share.

WeThe ~~completed~~Company was originally formed to develop a ~~forward~~way ~~stock~~to ~~split~~make ontoy ~~February~~and 5trinket shopping more interactive and more fun. Prior to November 2015, ~~2016~~when the Company underwent a change in control and a change in management, ~~pursuant~~and tothe ~~which~~new ~~every~~management ~~one~~adopted ~~share~~a new business plan based on the development of ~~our~~an ~~common~~online, ~~stock~~cross-border ~~was~~e-commerce ~~divided~~platform ~~into~~for 10promotion ~~shares~~and sales of ~~common~~foreign ~~stock.~~specialties ~~All~~and ~~references~~other indiscount ~~this~~branded ~~report~~products to ~~share~~worldwide customers, our primary mission was to develop and ~~per~~install ~~share~~3D ~~data~~printing ~~have~~kiosks ~~been~~in ~~adjusted,~~shopping ~~including~~centers ~~historical~~throughout ~~data~~Chile and eventually all of South America, which ~~have~~would ~~been~~allow ~~retroactively~~customers ~~adjusted~~to create 3D printed products on location, while they wait or shop for other items. The idea behind the technology was to ~~give~~allow ~~effect~~customers to ~~the~~print ~~forward~~toys ~~stock~~and ~~split~~gifts ~~unless~~at ~~specified~~a ~~otherwise~~low price, in a very interactive manner.

~~Item~~On 1August 13, 2013, we increased the number of authorized shares of common stock, par value $0.001 ~~Business~~per share, from 100,000,000 to 150,000,000.

~~Overview~~On November 11, 2015, a change in control of the Company occurred, whereby Walter Lee, the-then sole officer and director, sold 15,000,000 of his shares of common stock, representing 51.8% of the then voting power of the issued and outstanding capital stock of the Company, in a private transaction to Yong Qiang Yang (8,250,000 shares) and Wei Min Jin (6,750,000 shares), who subsequently became officers and directors of the Company. Mr. Lee sold the remainder of his shares (5,000,000 shares) to other individuals in separate transactions not involving a public sale or distribution. After the sale of stock, Walter Lee had no further ownership of any voting securities of the Company.

~~Since~~On ~~May~~November 1830, ~~2016~~2015, ~~Love International Group, Inc. (formerly known as Quintec Corp.) (~~the "Company," ~~“we,”~~accepted ~~“us”~~the orresignation ~~“our”)~~of ~~has~~Walter ~~shifted~~Lee ~~its~~from ~~business~~his ~~focus~~positions ~~from~~as ~~developing~~President, ~~and~~Chief ~~launching~~Executive ~~an online~~Officer, ~~cross-border~~Chief ~~e-commerce~~Financial ~~platform~~Officer toand ~~promote~~member ~~and~~of ~~market~~the ~~worldwide~~Board ~~premium~~of ~~specialties~~Directors. ~~and~~The ~~other~~Board ~~well-known~~of ~~branded~~Directors ~~products~~appointed ~~with~~Yong ~~highly~~Qiang ~~comparable~~Yang ~~discount~~as ~~pricing~~President toof ~~developing~~the Company and ~~launching~~a anmember ~~online~~of ~~platform~~the toBoard ~~promote~~of ~~cheap~~Directors, ~~airline~~and ~~tickets~~Wei ~~and~~Min ~~hotels~~Jin as ~~well~~Chief asFinancial ~~developing~~Officer and ~~launching~~Secretary aof ~~"Do-It-Yourself" ("DIY") system for~~ the Company's ~~customers~~and ~~to put together~~ a ~~trip~~member ~~with~~of ~~exotic~~the ~~activities~~Board ~~such~~of ~~as hunting~~Directors, ~~flying~~effective aNovember ~~plane~~30, ~~or even piloting a submarine~~2015.

~~Business~~All ~~Strategy~~references above to share and per share data have not been adjusted to give effect of the forward stock split (see below).

~~The~~On ~~Company~~January ~~is currently developing and launching the online platform to promote discounted airline tickets and hotels~~20, ~~as well as developing and launching the DIY system. The Company anticipates the prices of the airline tickets and hotel rooms promoted on its online platform will be priced competitively~~2016, ~~if not lower, than~~ the ~~marketplace~~Board ~~as the Company plans on partnering with some~~ of ~~the~~Directors ~~airlines~~approved ~~and~~a ~~big~~change ~~airline~~in ~~ticket wholesalers. As for~~ the ~~DIY system, the~~ Company ~~anticipates gaining market share based on the originality and specialty of the travel activities to be offered on the Company'~~’s ~~online~~fiscal ~~platform~~year ~~through~~end ~~local~~from ~~travel~~January ~~companies~~31 ~~and/or travel specialists that the Company is going~~ to ~~partner~~December ~~with~~31.

~~The~~On ~~Company~~February ~~does~~1, ~~not~~2016, ~~yet~~the ~~have~~Financial ~~any~~Industry ~~operations~~Regulatory ~~and~~Authority approved: (a) changing the ~~development~~name of ~~its~~the ~~business~~Company isto ~~speculative~~Love International Group, Inc. ~~The~~(the ~~Company~~“Name ~~will~~Change”); ~~require~~(b) ~~additional~~increasing ~~financing,~~the ~~either~~aggregate ~~through~~number aof authorized shares of common stock ~~offering~~of the Company from one hundred and fifty million (150,000,000) orshares, ~~standard~~par orvalue ~~convertible~~$0.001, ~~debt~~to one billion (1,000,000,000) shares, par value $0.0001 ~~Until~~per share (the “Authorized Share Increase”); (c) a 10-for-1 forward stock split of the issued and ~~unless~~outstanding shares of common stock of the Company is(the ~~able~~“Forward toSplit”; ~~secure~~together ~~adequate~~with ~~financing~~the Name Change and Authorized Share Increase, ~~its~~the ~~business~~“Corporate ~~development~~Actions”); ~~will~~and be(d) ~~curtailed~~a new trading symbol of LOVV.

3On ~~Table~~February 5, 2016, the Corporate Actions became effective and the issued and outstanding shares of ~~Contents~~common stock of the Company became 289,333,360.

~~Service~~On ~~Offerings~~March 7, 2016, the trading symbol changed to LOVV and a new CUSIP number (54714U107) was assigned to the Company’s common stock.

~~Through~~5 ~~our~~Table ~~anticipated online travel service platform, we anticipate connecting consumers with travel service providers~~ of cheap airline tickets and hotel rooms as well as original and special travel activities. The Company anticipates partnering with airlines and big airline ticket wholesalers in order to provide discounted airline tickets and local travel companies and/or travel specialists as to providing original and special travel activities.Contents

~~Marketing~~On ~~Plan~~May 18, 2016, the Company shifted its business focus from developing and launching an online, cross-border e-commerce platform to promote and market worldwide premium specialties and other well-known branded products with highly comparable discount pricing to developing and launching an online platform to promote cheap airline tickets and hotels as well as developing and launching a “Do-It-Yourself” (“DIY”) system for the Company’s customers to put together a trip with exotic activities such as hunting, flying a plane, or even piloting a submarine.

~~Initially~~On February 11, 2019, we entered into the ~~Company~~Share ~~anticipates~~Exchange ~~targeting~~Agreement, ~~potential~~pursuant ~~customers~~to inwhich, ~~mainland~~the ~~China~~Shareholders ~~and~~transferred ~~Hong~~all ~~Kong~~of asthe toshares of the ~~promotion~~capital stock of ~~airline~~Lovego ~~tickets~~Holdings ~~and~~held ~~hotel~~by ~~rooms.~~them, ~~The~~constituting ~~airline~~all ~~tickets~~of ~~and~~the ~~hotel~~issued ~~booking~~and ~~selections~~outstanding ~~may~~stock beof ~~limited~~Lovego ~~upon~~Holdings, to the ~~launch~~Company, in exchange for 710,666,640 newly issued shares of the ~~Company's~~our ~~online~~common ~~platform~~stock, par value $.0001 ~~The~~per ~~Company~~share, ~~anticipates~~that ~~focusing~~constituted ~~the~~approximately ~~DIY~~71% ~~activities~~of ~~upon~~our issued and outstanding capital stock on a fully-diluted basis as of and immediately after the ~~launch~~consummation of the ~~online~~transactions ~~platform~~contemplated inby ~~Southeast~~the ~~Asia,~~Share ~~Canada,~~Exchange ~~United~~Agreement ~~States~~(the “Merger”). The Shareholders are Lejoy Holdings Limited and ~~Australia~~Leseng Holdings Limited, each a British Virgin Islands company.

~~Research~~Our ~~and~~Corporate ~~Development~~Structure

~~Management~~Following ~~plans~~the tocompletion ~~develop~~of ~~and~~the ~~launch~~Merger anon ~~online~~February ~~platform~~11, to2019, ~~promote~~we ~~cheap~~own ~~airline~~all ~~tickets~~of the issued and ~~hotels~~outstanding ascapital ~~well~~stock asof ~~develop~~Lovego ~~and~~Holdings, ~~launch~~which ain ~~"Do-It-Yourself"~~turn ~~("DIY")~~owns ~~system~~100% ~~for~~of the ~~Company's~~outstanding ~~customers~~capital tostock ~~put~~of ~~together~~Lovego Hong Kong. Lovego Hong Kong owns 100% of the outstanding equity interest of the WFOE, that in turn has signed a ~~trip~~series of agreements with ~~exotic~~Shenzhen ~~activities~~Lefu that grant it control of Shenzhen Lefu’s business and finances. Shenzhen Lefu owns 100% of the outstanding equity interest of Shanghai Lefu.

~~Competition~~The following chart reflects our organizational structure as of the date of this Report.

We6 ~~expect~~Table ~~that we will compete with online and traditional providers~~ of airline tickets and hotel rooms as well as operators of tourist activities. The markets for the provision of cheap airline tickets and hotel rooms and provision of tourist activities, are intensely competitive, a trend we expect to continue, and current and new competitors can launch new services at a relatively low cost. Some of our potential competitors, such as Priceline, Google, Alibaba, and Amazon, have access to significantly greater and more diversified resources than we do, and they may be able to leverage other aspects of their businesses (e.g., search or mobile device businesses) to enable them to compete more effectively with us. Potential competitors also include traditional travel agencies, travel management companies, wholesalers and tour operators, many of which combine physical locations, telephone services and online services. In addition, travel service providers, including airlines, hotel chains, and tourism operators with which we conduct business, compete with us in online channels to drive consumers to their own websites in lieu of third-party distributors such as us. Travel service providers may charge lower prices and, in some instances, offer advantages such as loyalty points or special discounts to members of closed user groups (such as loyalty program participants or customers with registered accounts), any of which could make their offerings more attractive to consumers than our services. Further, consolidation among travel service providers, could result in lower rates of commission paid to online travel companies, increased discounting and greater incentives for consumers to join closed user groups as such travel service providers expand their offerings.Contents

~~Intellectual~~Background ~~Property~~and History of Lovego Holdings

~~The~~Lovego ~~Company~~Holdings ~~currently~~was ~~does~~an ~~not~~exempted ~~own~~company ~~any~~incorporated ~~intellectual~~in ~~property~~the Cayman Islands with limited liability on May 29, 2018. Lovego Holdings was wholly-owned by Leseng Holdings Limited, a British Virgin Islands company controlled by Yong Qiang Yang, our President, and Lejoy Holdings Limited, a British Virgin Islands company controlled by Wei Min Jin, our Chief Financial Officer, before the consummation of the Merger on February 11, 2019.

~~Seasonality~~Lovego Hong Kong is a limited company incorporated in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) on June 20, 2018. Lovego Hong Kong has a wholly-owned subsidiary, the WFOE, which, in turn, has entered into a series of agreements with Shenzhen Lefu and/ or the shareholders of Shenzhen Lefu, as well as Shanghai Lefu, that grant it control of the business and finances of Shenzhen Lefu and Shanghai Lefu. Shenzhen Lefu owns 100% of the outstanding equity interest of Shanghai Lefu.

WeShenzhen ~~anticipate~~Lefu ~~seasonal~~was ~~fluctuations~~incorporated in ~~our~~Shenzhen, ~~net~~China ~~revenues~~under ~~and~~the ~~net~~laws ~~income~~of ~~from~~the ~~our~~PRC ~~services~~on ~~once~~February we1, ~~commence~~2016. ~~operations~~At the time of its incorporation, Shenzhen Lefu’s shareholder was Lefu Global (Hong Kong) Co., WeLtd.. ~~anticipate~~On ~~increased~~September ~~revenues~~12, ~~during~~2017, ~~summer~~Lefu ~~months~~Global ~~and~~(Hong ~~holiday~~Kong) ~~peak~~Co., ~~months~~Ltd. ~~due~~transferred 100% of the registered capital of Shenzhen Lefu to ~~increased~~Yong ~~leisure~~Qiang ~~travel~~Yang. ~~The~~On ~~seasonality~~October 10, 2017, Yong Qiang Yang transferred an aggregate of ~~our~~87.78% ~~business~~of ~~may~~the ~~cause~~registered ~~fluctuations~~capital inof ~~our~~Shenzhen ~~quarterly~~Lefu ~~operating~~to ~~results~~Wei Min Jin and four (4) other entities. AsSubsequently weon ~~expand~~October ~~into~~25, ~~new~~2017, ~~markets~~the aforesaid four (4) entities transferred the registered capital of Shenzhen Lefu held by them to Yong Qiang Yang and ~~geographical~~Wei ~~locations~~Min Jin, weso ~~may~~that ~~experience~~since ~~increased~~October or25, ~~different~~2017 ~~seasonality~~to ~~dynamics~~date, ~~that~~Yong ~~create~~Qiang ~~fluctuations~~Yang inhas ~~operating~~been ~~results~~the holder of 55% of the registered capital of Shenzhen Lefu and Wei Min Jin has been a holder of 45% of the registered capital of Shenzhen Lefu.

Shanghai Lefu was incorporated in Shanghai, China under the laws of the PRC on November 11, 2016. At the time of its incorporation, Shanghai Lefu had two (2) shareholders: Yong Qiang Yang held 55% of its registered capital and Wei Min Jin held 45% of its registered capital. On May 2, 2017, Yong Qiang Yang and Wei Min Jin transferred some of their equity in Shanghai Lefu to four (4) ~~Table~~entities. On September 18, 2017, Yong Qiang Yang and Wei Min Jin and the aforesaid four (4) entities transferred the registered capital of ~~Contents~~Shanghai Lefu held by them to Shenzhen Lefu, as that since September 18, 2017 to date, Shenzhen Lefu has been the holder of 100% of the registered capital of Shanghai Lefu.

~~Government~~Contractual ~~Regulation~~Arrangements with Shenzhen Qianhai Lefu E-Commerce Co., Ltd.

WeThe ~~must~~following ~~comply~~is ~~with~~a ~~laws~~summary ~~and regulations applicable to online commerce. Increased regulation~~ of the ~~internet~~currently oreffective ~~different~~contracts ~~applications of existing laws might slow~~ (the ~~growth~~“Shenzhen inLefu ~~the~~Restructuring ~~use~~Agreements”) ofby ~~the Internet~~ and ~~commercial~~among ~~online services, which could decrease demand for~~ our ~~services~~subsidiary, ~~increase~~ the ~~cost of doing business or otherwise reduce our sales and revenues. The statutes and case law governing online commerce are still evolving~~WFOE, ~~and~~Shenzhen ~~new~~Lefu ~~laws, regulations or judicial decisions may impose on us additional risks~~ and/ ~~costs of operations. In addition, new regulations, domestic~~ or ~~international, regarding~~ the ~~privacy~~shareholders of ~~our~~Shenzhen ~~users' personally identifiable information may impose on us additional costs and operational constraints~~Lefu.

~~Corporate~~Under ~~History~~PRC laws, certain restrictions are placed on an acquisition of a PRC entity by an offshore special purpose vehicle owned by one or more PRC residents. To comply with these restrictions, prior to the Merger, the WFOE entered into and consummated certain contractual arrangements with Shenzhen Lefu and its shareholders pursuant to which the WFOE will provide Shenzhen Lefu including its subsidiaries, branch offices and other investment funds) with commercial, technical and consulting services. Through these contractual arrangements, the WFOE has the ability to substantially influence Shenzhen Lefu’s daily operations and financial affairs, appoint its senior executives and approve all matters requiring shareholder approval. As a result of these contractual arrangements, which enable our wholly-owned subsidiary, the WFOE, to control Shenzhen Lefu and operate our business in the PRC through Shenzhen Lefu, we are considered the primary beneficiary of Shenzhen Lefu.

~~The~~Exclusive ~~Company~~Business ~~was~~Cooperation ~~incorporated in Nevada on May 23, 2013 under the name Quintec Corp. At formation, the Company was authorized to issue 100,000,000 shares of common stock, par value $0.001 per share.~~Agreement

The ~~Company~~Exclusive ~~was~~Business ~~originally~~Cooperation ~~formed~~Agreement tobetween ~~develop~~Shenzhen aLefu ~~way~~and toWFOE ~~make~~provides ~~toy~~that ~~and~~Shenzhen ~~trinket~~Lefu ~~shopping~~appoints ~~more~~WFOE ~~interactive~~as ~~and~~its ~~more~~exclusive ~~fun.~~service ~~Prior~~provider to ~~November~~provide ~~2015,~~Shenzhen ~~when~~Lefu ~~the~~including ~~Company~~its ~~underwent~~subsidiaries, abranch ~~change~~offices ~~in control~~ and aother ~~change~~investment infunds) ~~management~~with commercial, technical and ~~the~~consulting ~~new~~services, ~~management~~the ~~adopted~~scope aof ~~new~~which ~~business~~is ~~plan~~to ~~based~~be ondetermined ~~the~~by ~~development~~WFOE offrom antime ~~online,~~to ~~cross-border~~time. ~~e-commerce~~In ~~platform~~exchange, ~~for~~Shenzhen ~~promotion~~Lefu ~~and~~will ~~sales~~pay ofa ~~foreign~~service ~~specialties~~fee ~~and~~to ~~other~~WFOE ~~discount~~equal ~~branded products~~ to ~~worldwide~~100% ~~customers,~~of ~~our~~Shenzhen ~~primary~~Lefu’s ~~mission~~net ~~was~~profit. toThe ~~develop~~service ~~and~~fee ~~install~~for 3Deach ~~printing~~month ~~kiosks~~is due in ~~shopping~~the ~~centers~~next ~~throughout~~month. ~~Chile~~The ~~and~~agreement ~~eventually~~will ~~all~~remain ofeffective ~~South~~until ~~America,~~WFOE ~~which~~terminates ~~would~~it ~~allow~~by ~~customers~~30 todays’ ~~create~~advance 3Dwritten ~~printed~~notice, ~~products~~while onneither ~~location,~~Shenzhen ~~while~~Lefu ~~they~~nor ~~wait~~its orshareholders ~~shop~~are ~~for~~entitled ~~other~~to ~~items~~terminate the agreement. ~~The~~WFOE ~~idea~~shall ~~behind~~be the ~~technology~~sole ~~was~~and toexclusive ~~allow~~owner ~~customers~~of toall ~~print~~intellectual ~~toys~~property rights and ~~gifts~~interests atarising afrom ~~low~~or ~~price,~~ in aconnection ~~very~~with ~~interactive~~the ~~manner~~performance of this agreement.

On7 ~~August~~Table ~~13, 2013, we increased the number~~ of ~~authorized shares of common stock, par value $0.001 per share, from 100,000,000 to 150,000,000.~~Contents

OnThe ~~November~~Exclusive ~~11,~~Business ~~2015,~~Cooperation aAgreement ~~change~~contains inpromises ~~control~~from ofShenzhen ~~the~~Lefu ~~Company~~that ~~occurred,~~it ~~whereby~~will ~~Walter~~refrain ~~Lee~~from taking actions, ~~the-then~~such ~~sole~~as ~~officer~~declaring ~~and~~or ~~director,~~paying ~~sold~~any 15dividends,~~000,000~~ ofthat ~~his~~could ~~shares~~impair ofWFOE’s ~~common stock, representing 51~~interests.8% ofThese ~~the~~promises ~~voting~~are ~~power~~substantially of the ~~issued~~same ~~and~~as ~~outstanding~~those ~~capital~~contained ~~stock~~in of the ~~Company,~~Loan inAgreement adescribed ~~private transaction to Yong Qiang Yang (8~~below,~~250,000~~ ~~shares)~~except ~~and~~that ~~Wei~~Shenzhen ~~Min~~Lefu ~~Jin~~may ~~(6,750,000~~sell ~~shares),~~or ~~who~~purchase ~~subsequently~~assets ~~became~~or ~~officers~~rights ~~and~~in ~~directors~~an ofamount ~~the~~less ~~Company.~~than ~~Mr.~~RMB ~~Lee sold the remainder of his shares (5~~100,000~~,000~~ ~~shares) to other individuals~~ in ~~separate~~its ~~transactions~~day-to-day ~~not~~operations, ~~involving~~and amay ~~public~~provide ~~sale~~to or ~~distribution.~~obtain ~~After~~any ~~the~~loan ~~sale~~or ofguarantee ~~stock,~~from ~~Walter~~any ~~Lee~~third ~~had~~party noin ~~further~~an ~~ownership~~amount ofless ~~any~~than ~~voting~~RMB100,000 ~~securities~~in ofits ~~the~~day-to-day ~~Company~~operations.

OnLoan November 30, 2015, the Company accepted the resignation of Walter Lee from his positions as President, Chief Executive Officer, Chief Financial Officer and member of the Board of Directors. The Board of Directors appointed Yong Qiang Yang as President of the Company, and as a member of the Board of Directors, and Wei Min Jin as Chief Financial Officer and Secretary of the Company and a member of the Board of Directors, effective November 30, 2015.Agreement

~~All~~The ~~references~~Loan ~~above~~Agreement among WFOE and all of the shareholders of Shenzhen Lefu provides that, WFOE will make a loan in the aggregate principal amount of RMB 10 million (approximately $1.45 million) to the shareholders of Shenzhen Lefu, each shareholder receiving a share of the loan proceeds proportional to his shareholding in Shenzhen Lefu, and ~~per~~in ~~share~~exchange ~~data~~each ~~have~~shareholder ~~not~~agreed ~~been~~(i) ~~adjusted~~to contribute all of his proceeds from the loan to ~~give~~the ~~effect~~registered capital of Shenzhen Lefu in order to fund or increase the ~~forward~~registered ~~stock~~capital ~~split~~of Shenzhen Lefu, and (~~see~~ii) to pledge his equity in Shenzhen Lefu to WFOE under the Equity Pledge Agreement described below) in order to guarantee the repayment of the loan.

OnThe ~~January~~loan ~~20,~~is ~~2016,~~repayable by the ~~Board~~shareholders at the option of ~~Directors~~WFOE ~~approved~~either by the transfer of Shenzhen Lefu’s equity to WFOE or a ~~change~~person indesignated by WFOE or through proceeds indirectly from the ~~Company~~transfer of Shenzhen Lefu’s ~~fiscal~~assets ~~year~~to ~~end~~WFOE. ~~from~~The ~~January~~loan 31does not bear interest, except that if (x) WFOE is able to ~~December~~purchase 31the equity of Shenzhen Lefu pursuant to the exclusive purchase option agreement described below, and (y) the lowest allowable purchase price for that equity is greater than the principal amount of the loan, then interest will be deemed to have accrued on the loan in an amount equal to the difference between the lowest allowable purchase price and the principal amount of the loan. The effect of this interest provision is that, if and when permitted under PRC law, WFOE may acquire all of the equity of Shenzhen Lefu by forgiving the loan, without making any further payment. If the principal amount of the loan is greater than the lowest allowable purchase price for the equity of Shenzhen Lefu, then WFOE would exempt the shareholders from paying the difference between the two amounts. The effect of this provision is that, if and when permitted under PRC law, the shareholders of Shenzhen Lefu may satisfy their repayment obligations under the loan by transferring all of Shenzhen Lefu’s equity to WFOE, without making any further payment.

OnThe ~~February~~Loan 4,Agreement ~~2016,~~also contains promises from the ~~Financial~~shareholders ~~Industry~~of ~~Regulatory~~Shenzhen ~~Authority~~Lefu ~~approved:~~that ~~(a)~~during ~~changing~~the term of the ~~name~~agreement they will elect as the sole director of Shenzhen Lefu only the ~~Company~~candidate nominated by WFOE, and they will use their best efforts to ~~Love~~ensure ~~International~~that ~~Group,~~Shenzhen ~~Inc.~~Lefu ~~("Name~~does ~~Change");~~not ~~(b)~~take ~~increasing~~certain actions without the ~~aggregate~~prior ~~number~~written consent of ~~authorized~~WFOE, ~~shares~~including (i) supplementing or amending the articles of ~~Common~~association ~~Stock~~or rules of ~~the~~Shenzhen ~~Company~~Lefu, ~~from~~or ~~one~~of ~~hundred~~any ~~and~~subsidiary ~~fifty~~wholly ~~million~~owned ~~(150~~by it,~~000,000~~ (ii) ~~shares,~~increasing ~~par~~or ~~value~~decreasing ~~$0.001,~~its toregistered ~~one~~capital ~~billion~~or (1shareholding structure,~~000,000,000~~ (iii) ~~shares~~transferring, ~~par~~pledging ~~value~~or ~~$0.0001~~disposing ~~per~~of ~~share~~any ~~("Authorized~~interests ~~Share~~in ~~Increase");~~its ~~(c)~~assets or income, or encumbering its assets or income in a ~~10-~~way that would affect WFOE’s security interest unless required for-1 ~~forward~~Shenzhen ~~stock~~Lefu’s ~~split~~normal operational management, (~~"Forward~~iv) ~~Split";~~incurring ~~together~~or ~~with~~succeeding ~~the~~to ~~Name~~any ~~Change~~debts, ~~and~~(v) ~~Authorized~~entering ~~Share~~into ~~Increase,~~any material contract except those executed in the ~~"Corporate~~course ~~Actions"~~of ordinary business; (vi) ofacquiring ~~the~~or ~~issued~~merging ~~and~~with ~~outstanding~~any ~~shares~~third ofparty, ~~Common~~or ~~Stock~~investing ofin ~~the~~any ~~Company~~third party; and (dvii) adistributing ~~new~~any ~~trading~~dividends ~~symbol~~to ofthe ~~LOVV~~shareholders in any manner. In addition, the Loan Agreement provides that at WFOE’s request, Shenzhen Lefu will promptly distribute all distributable dividends to its shareholders.

5The ~~Table~~funds that WFOE used to make the loan came from capital contribution of ~~Contents~~WFOE’s shareholder, i.e. Lovego Hong Kong.

OnExclusive ~~February~~Purchase 5,Option ~~2016, the Corporate Actions became effective and the issued and outstanding shares of common stock of the Company became 289,333,360.~~Agreement

OnThe ~~March~~Exclusive 7Purchase Option Agreement among WFOE, ~~2016~~Shenzhen Lefu, and all of the ~~trading~~shareholders ~~symbol~~of ~~changed~~Shenzhen Lefu, provides that Shenzhen Lefu shall grant WFOE or its designated third party an irrevocable and exclusive right to ~~LOVV~~purchase all or part of Shenzhen Lefu’s assets, and athe ~~new~~shareholders ~~CUSIP~~of ~~number~~Shenzhen ~~(54714U107)~~Lefu ~~was~~shall ~~assigned~~grant WFOE or its designated third party an irrevocable and exclusive right to purchase all or part of their equity interests in Shenzhen Lefu. Either right may be exercised by WFOE in its sole discretion at any time that the ~~Company'~~exercise would be permissible under PRC law, and the purchase price for WFOE’s ~~common~~acquisition ~~stock~~of equity or assets will be the lower of RMB 1 or the lowest price permissible under PRC law. Shenzhen Lefu and its shareholders are required to execute an equity transfer or asset transfer agreement and related documentation within 30 days of receiving notice from WFOE that it intends to exercise its right to purchase.

OnThe ~~May~~Exclusive 18Purchase Option Agreement contains promises from Shenzhen Lefu and its shareholders that they will refrain from taking actions, ~~2016~~such as distributing dividends, that could impair WFOE’s security interest in the ~~Company~~equity ~~shifted~~of Shenzhen Lefu or reduce its ~~business~~value. ~~focus~~These ~~from~~promises ~~developing~~are ~~and~~substantially ~~launching~~the ansame ~~online~~as those contained in the Loan Agreement described above, ~~cross-border~~except ~~e-commerce~~that ~~platform~~Shenzhen toLefu ~~promote~~may ~~and~~sell ~~market~~or ~~worldwide~~purchase ~~premium~~assets ~~specialties~~or ~~and~~rights ~~other~~in ~~well-known~~an ~~branded~~amount ~~products~~less ~~with~~than ~~highly~~RMB ~~comparable~~100,000 ~~discount~~in ~~pricing~~the toordinary ~~developing~~course of business, and ~~launching~~may anprovide ~~online~~any ~~platform~~loan or guarantee to ~~promote~~any ~~cheap~~third ~~airline~~party ~~tickets~~in ~~and~~an ~~hotels~~amount asless ~~well~~than asRMB100,000 ~~developing~~in ~~and~~the ~~launching~~ordinary course of business. The agreement has a ~~"Do-It-Yourself"~~term ~~("DIY")~~of ~~system~~5 years, which shall be automatically extended for ~~the~~successive ~~Company's~~1-year ~~customers~~period, tounless ~~put~~terminated ~~together~~by aWFOE ~~trip~~by ~~with~~30 ~~exotic~~days’ ~~activities~~advance ~~such~~written asnotice ~~hunting,~~prior ~~flying~~to athe ~~plane,~~end orof ~~even~~the ~~piloting~~term aof ~~submarine~~this Agreement.

~~Emerging~~8 ~~Growth~~Table ~~Company~~of ~~and Smaller Reporting Company Status~~Contents

~~Emerging~~Powers ~~Growth~~of ~~Company~~Attorney

WeUnder ~~are~~the anirrevocable ~~“emerging~~powers ~~growth company” as defined in Section 2(a)(19)~~ of ~~the~~attorney ~~Securities~~executed ~~Act, as modified~~ by ~~the~~each ~~Jumpstart~~shareholder ~~Our Business Startups Act~~ of ~~2012~~Shenzhen ~~(the~~Lefu, ~~“JOBS~~each ~~Act”).~~shareholder Asappointed ~~such,~~WFOE weas ~~are~~its ~~eligible~~attorney-in-fact to ~~take~~exercise ~~advantage~~such ofshareholders’ ~~certain~~rights ~~exemptions~~in ~~from~~Shenzhen ~~various~~Lefu, ~~reporting~~including ~~requirements~~without ~~that~~limitation, ~~are~~the ~~applicable~~power to ~~other~~vote ~~public~~on ~~companies~~its ~~that~~behalf ~~are~~on ~~not~~all ~~“emerging~~matters ~~growth~~of ~~companies”~~Shenzhen ~~including,~~Lefu ~~but~~requiring ~~not~~shareholder ~~limited~~approval ~~to,~~under ~~not~~PRC ~~being~~law ~~required~~and ~~to comply with~~ the ~~auditor~~articles ~~attestation requirements~~ of ~~Section~~association ~~404~~ of ~~the~~Shenzhen ~~Sarbanes-Oxley~~Lefu, ~~Act~~including ofbut ~~2002~~not ~~(the~~limited ~~“Sarbanes-Oxley~~to ~~Act”)~~transferring, ~~reduced~~pledging, ~~disclosure~~or ~~obligations~~disposing ~~regarding~~of ~~executive~~Shenzhen ~~compensation~~Lefu’s ~~in our periodic reports and proxy statements~~equity, and ~~exemptions from~~ the ~~requirements~~right ofto ~~holding~~nominate ~~a non-binding advisory vote on executive compensation~~ and ~~stockholder~~appoint ~~approval~~Shenzhen ofLefu’s ~~any~~legal ~~golden~~representative ~~parachute~~or ~~payments not previously approved~~director. ~~We intend to take advantage of all of these exemptions.~~

InEquity ~~addition,~~Pledge Section 107 of the JOBS Act also provides that an “emerging growth company” can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards, and delay compliance with new or revised accounting standards until those standards are applicable to private companies. We have elected to take advantage of the benefits of this extended transition period.Agreement

WeThe ~~could~~Equity bePledge anAgreement, ~~emerging~~among ~~growth~~WFOE, ~~company~~Shenzhen ~~until~~Lefu, ~~the~~and ~~last~~all ~~day~~of the shareholders of Shenzhen Lefu, provides that the ~~first~~shareholders ~~fiscal~~of ~~year~~Shenzhen ~~following~~Lefu will pledge all of their equity interests in Shenzhen Lefu to WFOE as a guarantee of the ~~fifth~~performance ~~anniversary~~of the shareholders’ obligations and Shenzhen Lefu’s obligations under each of ~~our~~the ~~first~~other ~~common~~Shenzhen ~~equity~~Lefu ~~offering~~Restructuring Agreements. Under the Equity Pledge Agreement, ~~although~~the ~~circumstances~~shareholders ~~could~~of Shenzhen Lefu have also agreed (i) to cause usShenzhen Lefu to ~~lose~~have ~~that~~the ~~status~~pledge ~~earlier~~recorded ifat ~~our~~the ~~annual~~appropriate ~~revenues~~office ~~exceed~~of ~~$1.0~~the ~~billion,~~PRC ifBureau weof ~~issue~~Industry ~~more~~and ~~than~~Commerce ~~$1.0~~when ~~billion~~and inif ~~non-convertible~~permitted ~~debt~~under inPRC laws, (ii) to deliver any ~~three-year~~dividends ~~period~~received orfrom ifShenzhen weLefu ~~become~~during the term of the agreement into a ~~“large~~bank ~~accelerated~~account ~~filer”~~designated asby ~~defined~~WFOE, inand ~~Rule~~(iii) ~~12b-2~~to ~~under~~deliver ~~the~~Shenzhen ~~Exchange~~Lefu’s ~~Act~~official shareholder register and certificate of capital contribution to WFOE or its designated third party.

~~Smaller~~The ~~Reporting~~Equity ~~Company~~Pledge Agreement contains promises from Shenzhen Lefu and its shareholders that they will refrain from taking actions, such as declaring or paying dividends, that could impair WFOE’s security interest in the equity of Shenzhen Lefu or reduce its value. These promises are substantially the same as those contained in the Loan Agreement described above, except that Shenzhen Lefu and its subsidiary may sell or purchase assets or rights in an amount less than RMB 100,000 in the ordinary course of business, and may provide to or obtain any loan or guarantee from any third party in an amount less than RMB100,000 in its day-to-day operations.

WeCompletion ~~also qualify as a “smaller reporting company” under Rule 12b-2~~ of ~~the~~Shenzhen ~~Exchange~~Lefu Act, which is defined as a company with a public equity float of less than $75 million. To the extent that we remain a smaller reporting company at such time as are no longer an emerging growth company, we will still have reduced disclosure requirements for our public filings, some of which are similar to those of an emerging growth company, including not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and the reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements.Restructuring

~~Item~~The 1AShenzhen Lefu Restructuring Agreements were executed on September 29, 2018. ~~Risk~~As ~~Factors~~of October 31, 2018, Yong Qiang Yang and Wei Min Jin have pledged their equity interests of Shenzhen Lefu to the WFOE pursuant to the Shenzhen Lefu Restructuring Agreements. The Shenzhen Lefu Restructuring Agreements require the registered capital of Shenzhen Lefu to be contributed in accordance with Shenzhen Lefu’s Articles of Association, which states that 100% of the registered capital of Shanghai Lefu is required to be contributed before February 1, 2036.

~~Certain~~Contractual ~~factors~~Arrangements ~~may have a material adverse effect on our business, financial condition and results of operations. Investors should carefully consider the risks and uncertainties described below, together~~ with ~~all~~Shanghai ofLefu ~~the other information contained in this Annual Report on Form 10~~E-KCommerce ~~and other reports we file with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, including our historical and financial statements and related notes~~Co. ~~The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties that we are unaware of~~, ~~or that we currently believe are not material, may also become important factors that adversely affect our business~~Ltd. If any of the following risks or uncertainties actually occurs, our business, financial condition, results of operations, liquidity, cash flows and prospects could be materially and adversely affected. As a result, the price of our common stock could decline significantly and an investor could lose all or part of its investment in our common stock. The risks discussed below include forward-looking statements, and our actual results may differ substantially from those discussed in these forward-looking statements.

6The ~~Table~~following is a summary of ~~Contents~~the currently effective contracts (the “Shanghai Lefu Restructuring Agreement,” collectively with the Shenzhen Lefu Restructuring Agreement, the “PRC Restructuring Agreements”) by and among our subsidiary, the WFOE, Shanghai Lefu and/ or Shenzhen Lefu, which is the sole shareholder of Shanghai Lefu.

~~Risk~~As ~~Related~~previously stated, under PRC laws, certain restrictions are placed on an acquisition of a PRC entity by an offshore special purpose vehicle owned by one or more PRC residents. To comply with these restrictions, prior to ~~Our~~the ~~Business~~Merger, the WFOE entered into and ~~Our~~consummated ~~Industry~~certain contractual arrangements with Shanghai Lefu and its shareholder, Shenzhen Lefu, pursuant to which the WFOE will provide Shanghai Lefu (including its subsidiaries, branch offices and other investment funds) with commercial, technical and consulting services. Through these contractual arrangements, the WFOE has the ability to substantially influence Shanghai Lefu’s daily operations and financial affairs, appoint its senior executives and approve all matters requiring shareholder approval. As a result of these contractual arrangements, which enable our wholly-owned subsidiary, the WFOE, to control Shanghai Lefu, and to operate our business in the PRC through Shanghai Lefu, we are considered the primary beneficiary of Shanghai Lefu.

We9 ~~will~~Table need additional capital to develop our e-commerce platform, commence and sustain our operations and will likely need to seek further financing to accelerate our growth, which we may not be able to obtain on acceptable terms or at all. If we are unable to raise additional capital, as needed, the future growth of ~~our business and operations would be severely limited.~~Contents

AExclusive ~~factor~~Business ~~limiting~~Cooperation our growth, including our ability to enter our proposed markets, attract customers, and deliver our e-commerce platform, is, is our limited capitalization overall and as compared to other companies in the industry.Agreement

WeThe ~~will~~Exclusive ~~need~~Business ~~additional~~Cooperation ~~capital~~Agreement tobetween ~~bring~~Shanghai ~~our~~Lefu ~~operations~~and WFOE provides that Shanghai Lefu appoints WFOE as its exclusive service provider to aprovide ~~sustainable~~Shanghai ~~level~~Lefu ~~over~~(including ~~the~~its ~~next~~subsidiaries, ~~twelve~~branch ~~months~~offices and other investment funds) with commercial, technical and consulting services. Wethe ~~believe~~scope ~~that~~of wewhich ~~will~~is ~~require~~to upbe determined by WFOE from time to antime. ~~additional~~In ~~$60~~exchange,~~000~~ Shanghai Lefu will pay a service fee to ~~satisfy~~WFOE ~~our~~equal ~~operating~~to ~~cash~~100% ~~needs~~of Shanghai Lefu’s net profit. The service fee for each month is due in the next ~~12 months~~month. ~~However~~The agreement will remain effective until WFOE terminates it by 30 days’ advance written notice, ifwhile weneither Shanghai Lefu nor its shareholder are ~~unable~~entitled to ~~generate~~terminate the ~~projected~~agreement. ~~amount~~WFOE ofshall ~~revenue~~be the sole and ~~profits~~exclusive ~~from~~owner ~~our~~of ~~operations~~all ~~within~~intellectual ~~the~~property ~~next~~rights 12and ~~months,~~interests wearising ~~will~~from ~~need~~or toin ~~seek~~connection ~~additional~~with ~~financing~~the performance of this agreement.

WeThe ~~may~~Exclusive ~~also~~Business ~~seek~~Cooperation ~~additional~~Agreement ~~financing~~contains topromises ~~accelerate~~from ~~our~~Shanghai ~~growth.~~Lefu Ifthat weit ~~raise~~will ~~additional~~refrain ~~funds~~from ~~through~~taking ~~the~~actions, ~~issuance~~such ofas ~~equity~~declaring or ~~convertible~~paying ~~debt~~any ~~securities~~dividends, ~~the~~that ~~percentage~~could ~~ownership~~impair ofWFOE’s ~~the Company held by existing shareholders will be reduced and our shareholders may experience significant dilution~~interests. InThese ~~addition,~~promises ~~new~~are ~~securities~~substantially ~~may~~the ~~contain~~same ~~rights,~~as ~~preferences or privileges that are senior to~~ those ofcontained ~~our~~in ~~common~~the ~~stock.~~Loan IfAgreement wedescribed ~~raise additional capital by incurring debt~~below, ~~this~~except ~~will result in increased interest expense. There can be no assurance~~ that ~~acceptable~~Shanghai ~~financing~~Lefu ~~necessary~~may tosell ~~further~~or ~~implement~~purchase ~~our~~assets ~~plan~~or ofrights ~~operation~~in ~~can~~an beamount ~~obtained~~less onthan ~~suitable~~RMB ~~terms~~100,000 ifin atits ~~all. Our ability~~ day-to-day ~~develop our business could suffer if we are unable to raise additional funds on acceptable terms~~operations, ~~which~~and ~~would~~may ~~have~~provide ~~the effect of limiting our ability~~ to ~~generate and increase our revenues, develop our products, attain profitable operations,~~ or ~~even~~obtain ~~may~~any ~~result~~loan ~~in our business filing for bankruptcy protection~~ or ~~otherwise~~guarantee ~~ending~~from ~~our~~any ~~operations~~third ~~which~~party ~~could result~~ in aan ~~significant~~amount orless ~~complete~~than ~~loss~~RMB100,000 ofin ~~your~~its ~~investment~~day-to-day operations.

WeLoan have incurred significant losses in prior periods, and losses in the future could cause the trading price of our stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due and on our cash flows.Agreement

WeThe ~~have~~Loan ~~incurred~~Agreement ~~losses~~among inWFOE ~~current~~ and ~~prior~~Shenzhen ~~periods.~~Lefu, ~~Our~~which ~~accumulated~~is ~~deficit~~the atsole ~~December~~shareholder ~~31,~~of ~~2017~~Shanghai ~~was~~Lefu, ~~$187~~provides that,~~138.~~ WeWFOE ~~incurred~~will make a ~~net~~loan ~~loss~~in ~~for~~ the ~~years~~aggregate ~~ended~~principal ~~December~~amount ~~31,~~of ~~2017~~RMB ~~and~~10 ~~2016~~million of(approximately $~~44,655~~1.45 ~~and~~million) ~~$51~~to Shenzhen Lefu,~~209,~~ ~~respectively.~~and Ifin weexchange ~~are~~Shenzhen ~~not~~Lefu ~~able~~agreed (i) to ~~attain~~contribute ~~profitability~~all in the ~~near~~proceeds ~~future~~from ~~and~~the ~~long-term~~loan ~~future,~~to the ~~trading~~registered ~~price~~capital of ~~our~~Shanghai ~~stock~~Lefu ~~could~~in ~~decline~~order ~~and~~to ~~our~~fund ~~financial~~or ~~condition~~increase ~~could~~the ~~deteriorate~~registered ascapital weof ~~could,~~Shanghai ~~among other things~~Lefu, ~~deplete our cash, incur additional indebtedness~~ and ~~issue~~(ii) ~~additional~~to ~~equity~~pledge ~~that could cause significant dilution,~~ all of ~~which~~its ~~could~~equity ~~have~~interest ain ~~material~~Shanghai ~~adverse~~Lefu ~~impact~~to onWFOE ~~our~~under ~~business~~the ~~and~~Equity ~~prospects~~Pledge ~~and~~Agreement ~~result~~described below in aorder ~~significant~~to orguarantee ~~complete~~the ~~loss~~repayment of ~~your~~the ~~investment~~loan.

WeThe ~~have~~loan is repayable by Shenzhen Lefu at the option of WFOE either by the transfer of Shanghai Lefu’s equity to WFOE or a ~~limited~~person ~~operating~~designated ~~history~~by WFOE or through proceeds indirectly from the transfer of Shanghai Lefu’s assets to WFOE. The loan does not bear interest, ~~which~~except ~~may~~that ~~make~~if it(x) ~~difficult~~WFOE ~~for~~is ~~investors~~able to ~~predict~~purchase ~~future~~the ~~performance~~equity ~~based~~of Shanghai Lefu pursuant to the exclusive purchase option agreement described below, and (y) the lowest allowable purchase price for that equity is greater than the principal amount of the loan, then interest will be deemed to have accrued on ~~current~~the ~~operations~~loan in an amount equal to the difference between the lowest allowable purchase price and the principal amount of the loan. The effect of this interest provision is that, if and when permitted under PRC law, WFOE may acquire all of the equity of Shanghai Lefu by forgiving the loan, without making any further payment. If the principal amount of the loan is greater than the lowest allowable purchase price for the equity of Shanghai Lefu, then WFOE would exempt Shenzhen Lefu from paying the difference between the two amounts. The effect of this provision is that, if and when permitted under PRC law, Shenzhen Lefu may satisfy its repayment obligations under the loan by transferring all of Shanghai Lefu’s equity to WFOE, without making any further payment.

WeThe ~~have~~Loan ~~limited~~Agreement ~~operating~~also ~~history~~contains ~~upon~~promises ~~which~~from ~~investors~~Shenzhen ~~may~~Lefu ~~base~~that anduring ~~evaluation~~the term of ~~our~~the ~~potential~~agreement ~~future~~it ~~performance.~~will Aselect aas ~~result,~~the ~~there~~sole ~~can~~director beof noShanghai ~~assurance~~Lefu ~~that~~only wethe candidate nominated by WFOE, and it will beuse ~~able~~their best efforts to ~~develop~~ensure ~~consistent~~that ~~revenue~~Shanghai ~~sources~~Lefu does not take certain actions without the prior written consent of WFOE, including (i) supplementing or amending the articles of association or rules of Shanghai Lefu, or of any subsidiary wholly owned by it, (ii) increasing or decreasing its registered capital or shareholding structure, (iii) transferring, pledging or disposing of any interests in its assets or income, or encumbering its assets or income in a way that ~~our~~would ~~operations~~affect ~~will~~WFOE’s besecurity ~~profitable.~~interest ~~Our~~unless ~~prospects~~required ~~must~~for beShanghai ~~considered~~Lefu’s normal operational management, (iv) incurring or succeeding to any debts, (v) entering into any material contract except those executed in ~~light~~the course of ~~the~~ordinary ~~risks,~~business; ~~expenses~~(vi) acquiring or consolidating with any third party, or investing in any third party; and ~~difficulties~~(vii) ~~frequently~~distributing ~~encountered~~any bydividends ~~companies~~to the shareholders in ~~early~~any ~~stage~~manner. ofIn ~~development~~addition, the Loan Agreement provides that at WFOE’s request, Shanghai Lefu will promptly distribute all distributable dividends to its shareholder.

~~Any~~The ~~forecasts~~funds wethat ~~make~~WFOE ~~about~~used ~~our~~to ~~operations,~~make ~~including,~~the ~~without~~loan ~~limitation,~~came ~~sales~~from ~~and plans for raising~~ capital, ~~may~~contribution ~~prove to be inaccurate. We must, among other things, determine appropriate risks, rewards, and level~~ of ~~investment~~WFOE’s ~~in each project~~shareholder, ~~respond to economic and market variables outside of our control, respond to competitive developments and continue to attract, retain and motivate qualified employees~~i. There can be no assurance that we will be successful in meeting these challenges and addressing such risks and the failure to do so could have a materially adverse effect on our business, results of operations and financial conditione. AsLovego aHong ~~result, the value of your investment could be significantly reduced or completely lost~~Kong.

710 Table of Contents

~~Our~~Exclusive ~~independent~~Purchase ~~registered~~Option ~~auditors have expressed substantial doubt about our ability to continue as a going concern.~~Agreement

~~Due~~The toExclusive ~~the~~Purchase ~~uncertainty~~Option ofAgreement ~~our~~among ~~ability~~WFOE, toShenzhen ~~meet~~Lefu, ~~our current operating~~ and ~~capital~~Shanghai ~~expenses~~Lefu, inprovides ~~their~~that ~~reports~~Shanghai onLefu ~~our~~shall ~~audited~~grant ~~annual~~WFOE ~~financial~~or ~~statements~~its asdesignated ofthird ~~December~~party ~~31,~~an ~~2017~~irrevocable and ~~2016~~exclusive ~~and~~right ~~for~~to ~~the~~purchase ~~years~~all ~~ended~~or ~~December~~part ~~31,~~of ~~2017~~Shanghai ~~and~~Lefu’s ~~2016~~assets, ~~our~~and ~~independent~~Shenzhen ~~auditors~~Lefu ~~included~~shall angrant ~~explanatory~~WFOE ~~paragraph~~or ~~regarding~~its ~~concerns~~designated ~~about~~third ~~our~~party ~~ability~~an toirrevocable ~~continue as a going concern. Working capital deficiency~~ and ~~recurring~~exclusive ~~losses~~right ~~from operations raise substantial doubt about our ability~~ to ~~continue~~purchase asall aor ~~going~~part ~~concern.~~of Weits ~~plan to raise additional funds through~~ equity ~~financing~~interests in ~~the~~Shanghai ~~future to meet our daily cash demands if required~~Lefu. ~~However,~~Either ~~there~~right ~~can~~may be noexercised ~~assurance~~by ~~that~~WFOE ~~we will be successful~~ in ~~obtaining~~its ~~further~~sole ~~financing.~~discretion ~~Also,~~at ~~the~~any ~~presence~~time ofthat the ~~going~~exercise ~~concern~~would ~~explanatory~~be ~~paragraph~~permissible ~~may~~under ~~have~~PRC anlaw, ~~adverse~~and ~~impact~~the onpurchase ~~the~~price ~~relationships~~for weWFOE’s ~~are~~acquisition ~~developing~~of ~~and~~equity ~~plan~~or toassets ~~develop~~will ~~with~~be ~~third~~the ~~parties~~lower asof weRMB ~~continue~~1 or the ~~commercialization~~lowest ofprice ~~our~~permissible ~~products~~under ~~and~~PRC ~~could~~law. ~~make~~Shanghai itLefu ~~challenging~~ and ~~difficult~~Shenzhen ~~for~~Lefu usare required to ~~raise~~execute ~~additional~~an ~~financing,~~equity ~~all~~transfer ofor ~~which~~asset ~~could~~transfer ~~have~~agreement aand ~~material~~related ~~adverse~~documentation ~~impact~~within on30 ~~our~~days ~~business~~of ~~and~~receiving ~~prospects~~notice ~~and~~from ~~result~~WFOE inthat ait ~~significant~~intends orto ~~complete~~exercise ~~loss~~its ofright ~~your~~to ~~investment~~purchase.

~~Our~~The ~~management~~Exclusive ~~have~~Purchase ~~identified~~Option ~~material~~Agreement ~~weaknesses~~contains promises from Shanghai Lefu and Shenzhen Lefu that they will refrain from taking actions, such as voting to dissolve or declaring dividends, that could impair WFOE’s security interest in ~~our~~the ~~internal~~equity ~~control~~of ~~over~~Shanghai ~~financial~~Lefu ~~reporting~~or reduce its value. IfThese wepromises are ~~unable~~substantially tothe ~~remediate~~same as those contained in the ~~material~~Loan ~~weaknesses~~Agreement described above, orexcept ~~other~~that ~~material~~Shanghai ~~weaknesses~~Lefu may sell or ~~other~~purchase ~~control~~assets ~~deficiencies~~or ~~are~~rights ~~identified~~in an amount less than RMB 100,000 wein the ordinary course of business, and may ~~not~~provide beany ~~able~~loan or guarantee to ~~report~~any ~~our~~third ~~financial~~party ~~results~~in ~~accurately.~~an Inamount ~~addition~~less than RMB100,000 ~~because~~in the ordinary course of ~~our~~business. ~~status~~The asagreement anhas ~~emerging~~a ~~growth~~term ~~company,~~of ~~you~~5 ~~will~~years, ~~not~~which shall be ~~able~~automatically toextended ~~depend~~for onsuccessive ~~any~~1-year ~~attestation~~period, ~~from~~unless ~~our~~terminated ~~independent~~by ~~registered~~WFOE ~~public~~by ~~accountants~~30 asdays’ toadvance ~~our~~written ~~internal~~notice ~~control~~prior ~~over~~to ~~financial~~the ~~reporting~~end ~~for~~of the ~~foreseeable~~term ~~future~~of this Agreement.

~~Our~~Powers ~~internal control over financial reporting is not effective. Our management identified the following material weaknesses in our internal control over financial reporting, which are indicative~~ of many small companies with small staff: (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; (4) management dominated by two individuals without adequate compensating controls; (5) lack of appropriate policies and procedures in place to evaluate the proper accounting and disclosures of key documents and agreements; and (6) insufficient skilled accounting personnel with an appropriate level of technical accounting knowledge and experience in the application of accounting principles generally accepted in the United States commensurate with our financial reporting requirements.Attorney

InUnder ~~order~~the irrevocable powers of attorney executed by Shenzhen Lefu, Shenzhen Lefu appointed WFOE as its attorney-in-fact to ~~cure~~exercise its rights in Shanghai Lefu, including without limitation, the ~~foregoing~~power ~~material~~to ~~weakness~~vote on its behalf on all matters of Shanghai Lefu requiring shareholder approval under PRC law and the articles of association of Shanghai Lefu, weincluding ~~have~~but ~~taken~~not limited to transferring, pledging, or ~~are~~disposing ~~taking~~of Shanghai Lefu’s equity, and the ~~following~~right ~~remediation~~to ~~measures:~~nominate and appoint Shanghai Lefu’s legal representative or director.

·Equity WePledge intend to establish an audit committee of the board of directors as soon as practicable. We envision that the audit committee will be primarily responsible for reviewing the services performed by our independent auditors, evaluating our accounting policies and our system of internal controls; · We are committed to establishing the internal audit functions, but due to limited qualified resources in the region, we were not able to hire sufficient internal audit resources by December 31, 2017; and · We plan to provide additional training to our accounting personnel on US GAAP, SEC reporting and other regulatory requirements regarding the preparation of financial statements.Agreement

WeThe ~~cannot~~Equity bePledge ~~certain~~Agreement, among WFOE, Shenzhen Lefu, and Shanghai Lefu, provides that ~~these~~Shenzhen ~~measures~~Lefu will ~~successfully~~pledge ~~remediate~~its ~~the~~equity ~~material~~interests ~~weaknesses~~in orShanghai ~~that~~Lefu ~~other~~to ~~material~~WFOE ~~weaknesses~~as ~~and~~a ~~control~~guarantee ~~deficiencies~~of ~~will~~the ~~not~~performance beof ~~discovered~~its inobligations and Shanghai Lefu’s obligations under each of the ~~future~~other Shanghai Lefu Restructuring Agreements. IfUnder ~~our~~the ~~efforts~~Equity ~~are~~Pledge ~~not~~Agreement, ~~successful~~Shenzhen orLefu ~~other~~have ~~material~~also ~~weaknesses~~agreed or(i) ~~control~~to ~~deficiencies~~cause ~~occur~~Shanghai inLefu to have the ~~future,~~pledge werecorded ~~may~~at bethe ~~unable~~appropriate tooffice ~~report~~of ~~our~~the ~~financial~~PRC ~~results~~Bureau ~~accurately~~of onIndustry aand ~~timely~~Commerce ~~basis,~~when ~~which~~and ~~could~~if ~~cause~~permitted ~~our~~under ~~reported~~PRC ~~financial~~laws, ~~results~~(ii) to bedeliver ~~materially~~any ~~misstated~~dividends ~~and~~received ~~result~~from inShanghai Lefu during the ~~loss~~term of ~~investor~~the ~~confidence~~agreement orinto ~~delisting~~a bank account designated by WFOE, and ~~cause~~(iii) ~~the~~to ~~market~~deliver ~~price~~Shanghai ofLefu’s ~~our~~official ~~common~~shareholder ~~stock~~register and certificate of capital contribution to ~~decline~~WFOE or its designated third party.

~~Our~~The ~~independent~~Equity ~~registered~~Pledge ~~public~~Agreement ~~accounting~~contains ~~firm~~promises ~~will~~from ~~not~~Shanghai beLefu ~~required~~and toShenzhen ~~attest~~Lefu ~~formally~~that tothey ~~the~~will ~~effectiveness~~refrain offrom ~~our~~taking ~~internal~~actions, ~~control~~such ~~over~~as ~~financial~~declaring ~~reporting~~or ~~pursuant~~paying todividends, ~~Section~~that ~~404~~could ofimpair ~~the~~WFOE’s ~~Sarbanes-Oxley~~security ~~Act~~interest ~~until~~in the ~~later~~equity of ~~the~~Shanghai ~~year~~Lefu ~~following~~or ~~our~~reduce ~~first~~its ~~annual~~value. ~~report~~These ~~required~~promises toare besubstantially ~~filed~~the ~~with~~same ~~the~~as ~~SEC~~those orcontained in the ~~date~~Loan weAgreement ~~are~~described noabove, ~~longer~~except anthat ~~“emerging~~Shanghai ~~growth~~Lefu ~~company”~~and asShenzhen ~~defined~~Lefu may sell or purchase assets or rights in ~~the~~an ~~JOBS~~amount ~~Act.~~less ~~Accordingly~~than RMB 100,000 ~~you~~in ~~will~~the ~~not~~ordinary becourse ~~able~~of business, and may provide to ~~depend~~or onobtain any ~~attestation~~loan ~~concerning~~or ~~our~~guarantee ~~internal~~from ~~control~~any ~~over~~third ~~financial~~party ~~reporting~~in ~~from~~an ~~our~~amount ~~independent~~less ~~registered~~than ~~public~~RMB100,000 ~~accountants~~in ~~for~~its ~~the~~day-to-day ~~foreseeable future~~operations.

8Completion ~~Table~~ of ~~Contents~~Shanghai Lefu Restructuring

~~Our~~The ~~actual~~Shanghai ~~operating~~Lefu ~~results~~Restructuring ~~may~~Agreements ~~differ~~were ~~significantly~~executed ~~from~~on ~~any~~September ~~guidance~~29, or2018. ~~estimates~~As weof ~~may~~December ~~provide~~28, 2018, Shenzhen Lefu has pledged its equity interests of Shanghai Lefu to the WFOE pursuant to the Shanghai Lefu Restructuring Agreements. The Shanghai Lefu Restructuring Agreements require the registered capital of Shanghai Lefu to be contributed in accordance with Shanghai Lefu’s Articles of Association, which states that 100% of the registered capital of Shanghai Lefu is required to be contributed before November, 2036.

~~From~~Acquisition time to time, we may release guidance estimates in our quarterly and annual earnings releases, quarterly and annual earnings conference calls, or otherwise, regarding our future performance that represents our management’s estimates as of ~~the~~Lovego date of release. Although we believe that any such guidance or estimates would provide investors and analysts with a better understanding of management’s expectations for the future and could be useful to our stockholders and potential stockholders, such guidance or estimates would consist of forward-looking statements subject to the risks and uncertainties described in this report and in our other public filings and public statements. Guidance and estimates are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the guidance or estimates may not materialize or may vary significantly from actual results. Our actual results may not always be in line with or exceed any guidance or estimates we may provide, especially in times of economic uncertainty. If our financial results for a particular period do not meet our guidance or estimates or the expectations of investors or research analysts, or if we reduce our guidance or estimates for future periods, the market price of our common stock may decline. In light of the foregoing, investors are urged not to unduly rely upon any guidance or estimates in making an investment decision regarding our common stock.Holdings

~~Establishment~~On ~~and~~February ~~maintenance~~11, of2019, pursuant to the ~~trusted~~Share ~~status~~Exchange ofAgreement, ~~our~~we ~~e-commerce~~completed ~~platform~~a ~~and~~reverse ~~DIY~~acquisition ~~system~~transaction ~~will~~of beLovego ~~critical~~Holdings whereby we issued to ~~our~~the ~~success~~Shareholders 710,666,640 ~~and~~shares ~~any~~of ~~failure~~our tocommon dostock, soconstituting ~~could~~approximately ~~severely~~71% ~~damage~~of our ~~reputation~~issued and ~~brand,~~outstanding ~~which~~capital ~~would~~stock ~~have~~on a ~~material~~fully-diluted ~~adverse~~basis, ~~effect~~in onexchange ~~our~~for ~~business,~~all ~~financial~~of ~~condition~~the issued and ~~results~~outstanding capital stock of ~~operations~~Lovego Holdings. Lovego Holdings thereby became our wholly owned subsidiary.

~~Our~~11 ~~establishment~~Table ~~and maintenance~~ of a strong brand name and reputation for our e-commerce platform and DIY system in the markets we are operating in is critical. Any loss of trust in our platform and the DIY system could harm the value of our brand and result in buyers and sellers ceasing to transact business on our marketplaces as well as participants reducing the level of their commercial activity in our e-commerce platform and the DIY system, which could materially reduce our revenue and profitability. Contents

~~Our~~The ~~ability~~combination of Shenzhen Lefu and Shanghai Lefu are considered under common control. The method used to ~~maintain~~present ~~our~~a ~~position~~common-control astransaction that results in a ~~trusted~~change ~~platform~~in the reporting entity is pooling of interests. A pooling of interests was a method of accounting for ~~online~~a merger of two businesses. The assets and ~~mobile~~liabilities ~~commerce~~and operations of the two businesses were combined at their historical carrying amounts, and ~~DIY~~all ~~system~~historical isperiods ~~based~~were adjusted as if the businesses had always been combined. Similarly, in ~~large~~a ~~part~~common-control ~~upon:~~transaction, the receiving entity retrospectively adjusts its financial statements to include the transferred net assets and any related operations for all periods for which the entities or net assets were under common control.

·Business the reliability and security of our platform and DIY system; · the functionality of the services and functions we make available to participants on our platform and the DIY system; · the rules governing our marketplaces; · the quality and breadth of services offered by sellers through our marketplaces; · the strength of our consumer protection measures; and · our ability to provide reliable and trusted payment and escrow services through our arrangements with online payment services.Overview

WeThe ~~may~~Company ~~not~~was beoriginally ~~able~~formed to ~~establish~~develop a way to make toy and trinket shopping more interactive and more fun, ~~maintain~~with the primary mission to develop and/ install 3D printing kiosks in shopping centers throughout Chile and eventually all of South America, which would allow customers to create 3D printed products on location, while they wait or ~~improve~~shop for other items. On November 2015, the ~~network~~Company ~~effects~~underwent a change in control and a change in management, and the new management adopted a new business plan based on the development of ~~our~~an online, cross-border e-commerce platform for promotion and sales of foreign specialties and other discount branded products to worldwide customers. From May 18, 2016 to February 11, 2019, our business was to develop an online platform to promote cheap airline tickets and hotels as well as developing and launching a “Do-It-Yourself” (“DIY”) system for users to put together a trip with exotic activities such as hunting, ~~which~~flying ~~could~~a ~~negatively~~plane, ~~affect~~or ~~our~~even piloting a submarine. On February 11, 2019, we completed the Merger pursuant the Share Exchange Agreement; upon the completion of Merger, the business of Lovego Holdings Limited and ~~prospects~~its subsidiaries and consolidated affiliated entities became our business.

~~Our~~We ~~ability~~are toa ~~maintain~~holding acompany ~~healthy~~that ~~and~~operates ~~vibrant~~through ~~e-commerce~~our ~~platform~~indirectly ~~and~~owned ~~DIY~~subsidiary ~~system~~Lovego ~~that~~Hong ~~create~~Kong ~~strong~~Limited, ~~network~~or, ~~effects~~Lovego ~~between~~Hong ~~buyers~~Kong, ~~sellers~~a ~~and~~Hong ~~other~~Kong ~~participants~~corporation, isan ~~critical~~entrepreneurial totechnology-driven ~~our~~e-commerce ~~success~~company providing retail infrastructure service in China. ~~The~~We ~~extent~~specialize toin ~~which~~providing wecustomers ~~are~~with ~~able~~diverse toproduct ~~maintain~~lines and ~~strengthen~~a ~~these~~user ~~network~~friendly ~~effects~~shopping ~~depends~~experience onthrough our ~~ability~~mobile ~~to:~~application – Lovego App.

·We ~~offer~~believe athat ~~secure~~we ~~and~~provide ~~open~~a ~~platform~~pleasant ~~and~~online ~~DIY~~retail ~~system~~experience for ~~all~~consumers. ~~participants;~~Through ·Lovego App, we provide ~~tools~~customers ~~and~~with ~~services~~what ~~that~~we ~~meet~~believe ~~the~~to ~~evolving~~be ~~needs~~rich ofproduct ~~buyers~~lines and ~~sellers; · provide~~ a ~~wide range of high~~user-~~quality~~friendly ~~service~~shopping ~~offerings~~experience, toand ~~buyers;~~we ·offer ~~provide~~competitive ~~sellers~~prices ~~with~~for a ~~high~~wide ~~level~~selection of ~~traffic~~products ~~flow~~to ~~with~~be ~~strong~~delivered ~~commercial~~in ~~intent~~a speedy and ~~effective~~reliable ~~online~~manner. ~~marketing~~We ~~services;~~also ·provide ~~enhance~~convenient ~~the~~different ~~attractiveness~~online ofpayment ~~our~~options ~~mobile~~and ~~platform;~~comprehensive ·customer ~~arrange~~service. ~~secure~~In ~~and~~order ~~trusted~~to ~~payment~~better ~~settlement~~control performance and ~~escrow~~ensure ~~services;~~customer ·satisfaction, ~~coordinate~~we ~~fulfillment~~have ~~and~~established ~~delivery~~strategic ~~services~~co-operation with ~~third-party~~various ~~logistics~~express ~~and~~ delivery companies; ·to ~~attract~~support ~~and~~our ~~retain~~online ~~third~~direct ~~party~~sales. ~~service~~Lovego ~~providers~~formed ~~who~~one ~~are~~major ~~able~~warehouse tolocated ~~provide~~in ~~quality~~Jiaxing, ~~services~~Zhejiang onprovince ~~commercially~~in ~~reasonable~~order ~~terms~~ to ~~our~~provide ~~sellers;~~faster ·delivery ~~maintain~~service ~~the~~for ~~quality~~customers ofand ~~our~~further ~~customer~~deepen ~~service;~~ and ·expand ~~continue adapting to~~ the ~~changing~~business ~~demands~~scope of the ~~market~~Company.

9We ~~Table~~have also established what we believe to be a strong relationship with suppliers in the process of ~~Contents~~developing online direct sales business.

In ~~addition,~~our ~~changes~~online direct sales business, we ~~may~~acquire ~~make~~products tofrom ~~enhance~~suppliers and ~~improve~~sell ~~our~~them ~~e-commerce~~directly ~~platform~~to ~~and~~customers. ~~DIY~~We ~~system~~also ~~and~~conduct ~~balance~~supplier ~~the~~consignment ~~needs~~sales, ~~and~~in ~~interests~~which ofwe ~~the~~transfer ~~various~~online ~~participants~~orders onreceived to our ~~ecosystem~~suppliers ~~may~~for bethem ~~viewed~~to ~~positively~~fulfil ~~from~~and ~~one~~deliver ~~participant~~directly, ~~group’s~~and ~~perspective~~we ~~(such~~do asnot ~~buyers)~~need ~~but~~to ~~may~~keep ~~have~~inventory ~~negative~~of ~~effects~~such ~~from~~products. ~~another~~In ~~group’s~~addition, ~~perspective~~we ~~(such~~also ascooperate ~~sellers).~~with Ifsales weagents, ~~fail~~including tochannel ~~balance~~agents ~~the~~and ~~interests~~commercial ofagents, ~~all~~to ~~participants~~promote onand sell our ~~e-commerce~~products. ~~platform~~We started selling beauty and ~~DIY~~computer ~~system,~~products ~~buyers,~~online ~~sellers~~in 2016 and ~~other~~have ~~participants~~introduced ~~may~~a ~~stop~~wide ~~visiting~~variety of products since then. We significantly expanded our ~~marketplaces,~~product ~~conduct~~offerings ~~fewer~~in ~~transactions~~2018 orwith ~~use~~home ~~alternative~~appliances ~~platforms,~~and ~~any~~a wide array of ~~which~~general ~~could~~merchandise ~~result~~product incategories. aWe ~~material~~have ~~decrease~~been incontinually ~~our~~adding ~~revenue~~new products and ~~net~~categories ~~income~~since then.

~~User~~To ~~behavior~~further onexpand ~~mobile~~our ~~devices~~business, iswe ~~rapidly~~made ~~evolving~~a strategic decision in September, 2018 to include services in our business, and ifwe expect that this will help improve our profitability as well as contribute to our business development and expansion. In our services business, we ~~fail~~initially plan to ~~successfully~~cooperate ~~adapt~~with a number of off-line stores that mainly focus on travel and beauty industries. We intend to promote their business on the Lovego App, and users can spend their Lefuyou (similar in function to membership points) earned by shopping on Lovego App on purchases made in these ~~changes~~off-line stores. This business strategy will lead to a win-win situation where, we can use our ~~competitiveness~~customer base and ~~market~~online ~~position~~channel ~~may~~to ~~suffer~~boost these off-line stores’ revenue generation, and also attract more users to our own sales platform and further enhance our platform’s influence by being able to provide various off-line services to our customers.

~~Buyers,~~12 ~~sellers~~Table ~~and other participants are increasingly using mobile devices in the markets we plan to operate for a wide range~~ of purposes, including for e-commerce. While a significant and growing portion of participants are anticipated to access our e-commerce platform and DIY system through mobile devices, this area is relatively new and developing rapidly and we may not be able to continue to increase the level of mobile access to and engagement on our marketplace and system. The variety of technical and other configurations across different mobile devices and platforms increases the challenges associated with this environment. Our ability to successfully expand the use of mobile devices to access our platform and DIY system is affected by the following factors:Contents

·We ~~our~~believe ~~ability~~that totechnology ~~provide~~is athe ~~compelling~~key ~~commerce~~to ~~platform~~the ~~and~~success ~~DIY~~of ~~system~~our ~~and~~future ~~tools~~business indevelopment aand ~~multi-device environment; ·~~ the ~~quality~~evolution of our ~~mobile~~business ~~offerings,~~ecosystem. orWe ~~mobile-based~~believe ~~payment~~that ~~services; ·~~ our ~~ability~~proprietary totechnology ~~successfully~~platform ~~deploy~~will ~~apps~~have onsufficient ~~popular~~capacity ~~mobile~~to ~~operating~~support ~~systems~~our ~~that~~rapidly wegrowing dotransaction ~~not control~~needs, ~~such as iOS~~ and ~~Android;~~will ·provide ~~our~~us ~~ability~~with tocomprehensive, ~~adapt~~detailed ~~to the device standards used by third-party manufacturers~~ and ~~distributors;~~accurate ~~and~~operating ~~· the attractiveness of alternative platforms~~data.

IfOur ~~we are unable to attract significant numbers of new mobile buyers and increase levels of mobile engagement, our ability to maintain or grow our business would be materially and adversely affected.~~Industry

WeThe ~~may~~industry ~~not~~we beare ~~able~~in, toChina’s ~~successfully~~online ~~monetize~~retail ~~traffic~~industry, onhas ~~our~~been ~~mobile~~growing. ~~platform~~China’s ~~and~~national ~~DIY~~total ~~system~~of online retail sales has reached RMB 7.17507 trillion in 2017, which ~~could~~represented ~~have~~a 32.0% growth rate, its national total of online retail sales in goods has reached RMB 5.48056 trillion in 2017, which represented a ~~material~~28.0% ~~adverse~~growth ~~effect~~rate, onand ~~our~~its ~~business~~national total of retail sales of consumer goods has reached RMB 36.62616 trillion in 2017, which represented a 10.2% growth rate1. In addition, as of December 2017, the online shopping population in China reached 533 million, which represented an increase of 14.3% from the end of 2016, accounting for 69.1% of the total Internet users, and the number of users using mobile phone to do online shopping reached 506 million, which represented an increase of 14.7% from the end of 20162.

We ~~anticipate~~believe athat ~~large~~the ~~percentage~~following trends are driving the continued growth of ~~our~~China’s ~~users~~e-commerce ~~will~~industry ~~access~~and ~~our~~are ~~marketplace~~reshaping ~~through~~its ~~mobile~~future ~~devices~~form. ~~Our~~First, ~~ability~~mobile shopping has become the dominant form of online retail in China, as consumers increasingly use their fragmented time to ~~monetize~~browse ~~our~~and shop anywhere, anytime. Second, the extensive availability of logistics infrastructure and expansive adoption of mobile ~~user~~payment ~~traffic~~have ~~will~~made bemobile ~~critical~~shopping increasingly efficient and convenient. Third, historically less developed cities in China have become an increasingly important market for e-commerce due to ~~our~~the ~~business~~rising spending power and ~~our~~a ~~growth~~desire for a better standard of living. WeFourth, ~~face~~China ahas ~~number~~an increasing base of ~~challenges~~small toand ~~successfully~~micro ~~monetizing~~enterprises ~~our~~which ~~mobile~~could ~~user~~benefit ~~traffic,~~from ~~including:~~and hence help develop more direct access to consumers.

·The ~~providing~~industry ~~marketing~~we ~~services~~are in ais ~~compelling~~online retail business. Same as any other industry, the recognition and ~~effective~~reputation ~~manner~~of onthe ~~mobile~~retailers ~~devices;~~among ·customers, ~~developing~~supplier, ~~alternative~~brands, ~~sources~~third party merchants and other service providers contribute significantly to the growth and success of ~~revenue~~the ~~generated~~retailers. ~~from~~Moreover, ~~mobile~~the ~~access~~online retail industry is characterized by rapid technological evolution, frequent changes in customer requirements and preferences, constant emergence of new products and services embodying new technologies, with introduction to ~~our~~new ~~marketplaces;~~industry ·standards ~~offering~~and apractice, ~~comprehensive~~any ~~user~~of ~~experience~~which oncould ~~our~~render ~~mobile~~the ~~apps;~~existing technologies and ·system ~~ensuring~~outdated. ~~that~~So to remain competitive in the ~~mobile~~industry, ~~services~~the weretailers ~~provide~~must ~~are~~continually ~~secure~~conduct research and ~~trusted~~development with respect to their online platforms. It is anticipated that the industry will continually expand and evolve.

IfThe asPRC wegovernment ~~experience~~extensively ~~increased~~regulates ~~use~~the ofindustry ~~mobile~~where ~~devices for mobile commerce~~ we ~~are~~operate ~~unable to monetize that increased use,~~ our business. ~~may~~The ~~not~~industry ~~grow~~is orsubject ~~could~~to ~~decline,~~supervision and ~~our~~regulation ~~revenues~~by ~~and~~relevant ~~net~~PRC ~~income~~governmental ~~would~~authorities beincluding ~~materially~~China ~~reduced.~~Food ~~Going~~and ~~forward~~Drug weAdministration ~~believe~~and ~~our~~State ~~financial~~Administration ~~results~~for ~~will~~Market ~~become~~Regulation ~~increasingly~~(formerly ~~dependent~~“Administration onfor ~~our~~Industry ~~ability~~and toCommerce”). ~~monetize~~Also, ~~the~~online ~~use~~retailers ofare ~~mobile~~required ~~devices~~ to ~~access~~hold ~~our~~a ~~marketplaces.~~number Weof ~~expect~~licenses ~~this~~and ~~trend~~permits ~~will~~in ~~have~~connection awith ~~greater effect on our business to~~ the ~~extent~~online ~~that~~platform ~~shopping on mobile devices displaces transactions that could have occurred on personal computers~~operation.

10Our ~~Table~~Competitive ~~of Contents~~Strengths

IfProduct weQuality ~~are unable to compete effectively, our business, financial condition~~ and ~~results of operations would be materially and adversely affected.~~Selection

WeOur ~~face~~professional ~~intense~~procurement ~~competition~~team ~~from~~provides ~~Chinese~~us ~~and~~with ~~global~~a ~~Internet~~diverse ~~companies~~portfolio asof ~~well~~products ason ~~from~~a ~~offline~~global ~~travel service providers and tourist operators, particularly those establishing online marketplaces~~scale. We ~~compete~~make toit ~~attract,~~easy ~~engage~~for ~~and~~customers ~~retain~~to ~~buyers~~buy ~~based~~high-end onproducts around the ~~variety~~world. ~~and~~Our ~~value~~list of ~~airline~~product ~~tickets~~categories ~~and~~includes ~~hotels~~electronics, ~~listed~~cosmetics on& ~~our~~personal ~~marketplace~~care, ~~and~~apparel, ~~tourist~~baby ~~activities~~care, onwatch ~~our~~& ~~DIY system~~jewelry, ~~overall~~office ~~user~~supplies, ~~experience~~food ~~and~~& ~~convenience~~snacks, ~~and~~home ~~availability~~& oflifestyle. ~~payment~~We ~~settlement~~purchase ~~and~~products ~~logistics~~under ~~services.~~certain Westrategic ~~compete~~supplier toagreements ~~attract~~ and ~~retain~~impose ~~sellers~~strict ~~based~~control on ~~our size and~~ the ~~engagement~~product ofsourcing ~~buyers,~~channels and the ~~effectiveness~~qualification ~~and value~~ of ~~the marketing services we offer~~suppliers. WeEspecially ~~also~~for ~~compete~~food ~~based~~products onand ~~the~~cosmetics, ~~usefulness~~we ofrequest the ~~services~~suppliers weto provide, ~~including~~corresponding ~~the availability of supporting services including payment settlement and logistics services and the quality of our customer service~~certificates. We ~~also~~are ~~compete~~receptive ~~for~~to ~~motivated~~feedback ~~and~~from ~~effective~~our ~~talent~~buyers and ~~personnel, including engineers that serve critical functions in~~ the ~~development~~general ~~of our ecosystem~~public.

~~Our ability to compete depends on a number of other factors as well, some of which may be out of our control, including:~~_________

·1 ~~the~~National ~~timely~~Bureau ~~introduction~~of ~~and~~Statistics ~~market acceptance~~ of ~~the services we offer~~China, ~~compared to those of our competitors; · our ability to innovate and develop new technologies; · our ability to maintain and enhance our leading position in mobile commerce initially in~~ China ~~and~~Statistical ~~Hong~~Yearbook ~~Kong;~~2018, ·http://www.stats.gov.cn/tjsj/ndsj/2018/indexeh.htm ~~our~~(assessed ~~ability~~on toMarch ~~benefit from new business initiatives; and · alliances~~21, ~~acquisitions or consolidations within the Internet industry that may result in stronger competitors.~~2019)

If2 China weInternet ~~are~~Network ~~not~~Information ~~able to compete effectively~~Center, ~~the~~The ~~gross~~41st ~~services~~Survey ~~volume~~Report, ~~transacted~~p. on7, ~~our~~http://cnnic.com.cn/IDR/ReportDownloads/201807/P020180711391069195909.pdf ~~marketplaces~~(assessed ~~and the user activity level~~ on ~~our~~March ~~platform may decrease significantly~~21, ~~which could materially and adversely affect our business, financial condition and results of operations as well as our brand.~~2019)

If13 weTable ~~are not able to continue to innovate or if we fail to adapt to changes in our industry, our business, financial condition and results~~ of ~~operations would be materially and adversely affected.~~Contents

The Internet industry is characterized by rapidly changing technology, evolving industry standards, new service and product introductions and changing customer demands. Furthermore, our competitors are constantly developing innovations in Internet search, online marketing, communications, social networking and other services to enhance users’ online experience. We anticipate investing significant resources in our infrastructure, research and development and other areas in order to enhance our platform technology and DIY system and our anticipated services as well as to introduce new high quality services that will attract more participants to our e-commerce platform and DIY system. The changes and developments taking place in our industry may also require us to re-evaluate our business model and adopt significant changes to our long-term strategies and business plan. Our ~~failure to innovate and adapt to these changes would have a material adverse effect on our business, financial condition and results of operations.~~Strategy

Increase Our ~~business~~Buyer ~~generates~~Base and ~~processes a large amount of data, and the improper use or disclosure of such data could harm our reputation as well as have a material adverse effect on our business and prospects.~~Engagement

~~Our~~We ~~marketplace~~plan ~~and~~to ~~e-commerce~~increase ~~platform~~our ~~and~~marketing ~~DIY~~efforts ~~system~~to ~~will~~attract ~~generate~~more ~~and~~buyers ~~process~~to aour ~~large~~platform ~~quantity~~and ofconvert ~~personal,~~more ~~transaction,~~existing ~~demographic~~buyers ~~and~~on ~~behavioral~~our ~~data~~platform to active buyers. We ~~face~~will ~~risks~~continue ~~inherent~~to inintroduce ~~handling~~more ~~large~~interactive ~~volumes~~features ofon ~~data~~our ~~and~~platform into ~~protecting~~enhance ~~the~~buyer ~~security~~engagement ofand ~~such data~~experience. InWe ~~particular,~~will wealso ~~face~~continue ato ~~number~~improve ofthe ~~challenges~~diversity ~~relating~~of toour ~~data~~buyers ~~from transactions~~ and ~~other~~penetrate ~~activities~~a onlarger ~~our~~part ~~platform,~~of ~~including:~~the population.

·Expand ~~protecting~~Merchandise ~~the~~Choices ~~data in~~ and hosted on our system, including against attacks on our system by outside parties or fraudulent behavior by our employees; · addressing concerns related to privacy and sharing, safety, security and other factors; and · complying with applicable laws, rules and regulations relating to the collection, use, disclosure or security of personal information, including any requests from regulatory and government authorities relating to such data.Offerings

~~Any~~We ~~system~~will ~~failure~~further orexpand ~~security~~our ~~breach~~merchandise orchoices ~~lapse~~to ~~that~~provide ~~results~~more indiversified ~~the~~products ~~release~~to ofour ~~user~~buyers. ~~data~~We ~~could~~plan ~~harm~~to leverage our ~~reputation~~large and active buyer base and our brand to attract new merchants and, ~~consequently,~~offer new merchandise choices as well as more product within each category on our ~~business,~~platform. inWe ~~addition~~also plan to ~~exposing~~cooperate usexisting and new merchants more closely to ~~potential~~help ~~legal~~them ~~liability~~better understand and serve our customers.

11Enhance ~~Table~~Brand ofRecognition ~~Contents~~and Continue to Adhere to Strict Quality Control

AsWe webelieve ~~expand~~that ~~our~~building ~~operations, we may be subject to additional laws in other jurisdictions where~~ our ~~sellers,~~brand ~~buyers~~ and ~~other~~strengthening ~~participants~~the ~~are~~reputation ~~located. The laws, rules and regulations~~ of ~~other~~our ~~jurisdictions~~platform ~~may~~is ~~impose~~crucial ~~more~~to ~~stringent~~our orcontinued ~~conflicting~~success. ~~requirements~~We ~~and~~plan ~~penalties~~to ~~than~~increase ~~those~~our inmarketing ~~China,~~efforts ~~compliance~~across ~~with~~online ~~which could require significant resources~~ and ~~costs.~~offline ~~Our~~channels ~~privacy~~to ~~policies~~enhance ~~and~~user ~~practices~~awareness ~~concerning the collection, use~~ and ~~disclosure~~recognition of ~~user data are posted on~~ our ~~websites~~platform. ~~Any~~In ~~failure~~addition, orwe ~~perceived~~will ~~failure,~~continue ~~by us~~ to ~~comply~~implement ~~with~~strict ~~our~~quality ~~posted~~control ~~privacy~~measures policies or with any regulatory requirements or privacy protection-related laws, rules and regulations could result in proceedings or actions against us by governmental entities or others. These proceedings or actions may subject us to ~~significant~~foster ~~penalties~~trust ~~and~~from ~~negative publicity, require us to change our business practices, increase our costs and severely disrupt our business~~buyers.

WeFurther ~~may~~Improve ~~not~~Technology ~~be able to achieve, maintain or grow revenue from our operations~~Capability

We ~~anticipate~~seek ~~primarily~~to ~~deriving~~continuously strengthen our ~~revenue~~technologies ~~from~~to ~~commissions~~improve ~~based~~the onefficiency ~~transaction~~of ~~value derived from sales on~~ our ~~e-commerce~~ platform~~, DIY system, and from online marketing services~~. We ~~anticipate our marketing customers~~ will becontinue ~~the~~to ~~travel~~develop ~~service~~proprietary ~~providers~~software and ~~tourist~~systems ~~activity~~to ~~operators~~serve ~~who are sellers on~~ our ~~e-commerce~~buyers ~~platform~~ and~~/or~~ ~~our~~merchants, ~~DIY~~such ~~system.~~as ~~Marketing~~streamlined ~~customers do not have long-term marketing commitments with us. The price a~~ merchant ~~is willing to pay for online marketing~~ services ~~generally~~SaaS ~~depends on its expected gross service volume~~systems, ~~profit margins~~ and ~~lifetime~~standardized ~~value~~quality ofcontrol ~~customers derived from such marketing investment~~systems. IfWe ~~those~~aim ~~services do not generate the rate of return expected by the seller or rates that are competitive~~ to ~~alternatives~~achieve, ~~the~~through ~~seller~~these ~~may~~technology ~~reduce~~improvement ~~its~~initiatives, ~~spending~~better onbuyer ~~the marketing services we offer. In addition~~experience, ifdeeper weunderstanding ~~display~~by ~~fewer marketing impressions on~~ our ~~mobile~~merchants ~~applications~~of astheir ~~compared~~target ~~to our personal computer-based applications~~buyers, ~~our~~and ~~revenue~~improved ~~growth~~productivity ~~rate~~and ~~may~~efficiency beof ~~affected~~both bymerchants ~~the~~and ~~rising usage of mobile devices~~us.

InPursue ~~addition,~~Select ~~our~~Strategic ~~revenue~~Investment ~~growth may be slow or our revenues may decline for other reasons, including decreasing consumer spending, increasing competition, slowing growth of the online~~ and ~~offline~~Expansion providers of cheap airline tickets, hotels, and tourist activities and, changes in government policies or general economic conditions. In addition, our revenue growth rate will likely decline as our revenue grows to higher levels.Opportunities

~~Failure~~We also plan to ~~maintain~~selectively orpursue ~~improve~~strategic ~~our~~investments, ~~technology~~alliances ~~infrastructure~~and ~~could~~acquisition ~~harm~~opportunities that are complementary to our business and ~~prospects~~operations. With the right opportunity, we may seek to expand into international markets and bring our products to more buyers.

WeAttract ~~anticipate constantly upgrading our e-commerce platform~~ and ~~DIY~~Retain system to provide increased scale, improved performance for both online and mobile use of our platform and DIY system. Upgrading our e-commerce platform require significant investments of time and resources, including adding new hardware, updating software and recruiting and training new engineering personnel. Maintaining and improving our technology infrastructure require significant levels of investment. Adverse consequences could include unanticipated system disruptions, slower response times, impaired quality of buyers’ and sellers’ experiences and delays in reporting accurate operating and financial information.Talents

~~The~~We ~~successful~~intend ~~operation~~to ofcontinue ~~our~~devoting ~~business~~substantial ~~significantly~~resources ~~depends~~to ~~upon~~seek ~~the~~top ~~performance~~talents, in particular engineers having strong technology backgrounds and ~~reliability~~prior experience in large leading internet companies. We are dedicated to providing employees with diversified work environment and a wide range of ~~the~~career ~~Internet~~development ~~infrastructure~~opportunities. We will continue to invest significant resources in ~~China~~employee career development and training opportunities.

Our business significantly depends on the performance and reliability of the Internet infrastructure in China. For example, in China, almost all access to the Internet is maintained through state-owned telecommunication operators under the administrative control and regulatory supervision of the Ministry of Industry and Information Technology of China. In addition, the national networks in China are connected to the Internet through state-owned international gateways, which are the only channels through which a domestic user can connect to the Internet outside of China. We may not have access to alternative networks in the event of disruptions, failures or other problems with China’s Internet infrastructure. In addition, the Internet infrastructure in China may not support the demands associated with continued growth in Internet usage.Competition

The ~~failure~~online ofretail ~~telecommunications~~industry ~~network~~in ~~operators~~China tois ~~provide~~intensely uscompetitive. ~~with~~Our ~~the~~current ~~requisite~~or ~~bandwidth~~potential ~~could~~competitors ~~also~~include ~~interfere~~(1) ~~with~~major ~~the~~e-commerce ~~speed~~companies ~~and~~in ~~availability~~China ofthat ~~our~~offer ~~websites.~~a Wewide ~~have~~range noof ~~control~~general ~~over~~merchandise ~~the~~product ~~costs~~categories, ofsuch ~~the~~as ~~services~~JD ~~provided~~mall, byVIPShop.com, ~~the~~Amazon ~~national~~China, ~~telecommunications~~Pinduoduo ~~operators.~~and If(2) ~~the~~major ~~prices~~traditional ~~that~~retailers wein ~~pay~~China ~~for~~that ~~telecommunications~~are ~~and~~moving ~~Internet~~into ~~services~~online ~~rise~~retail ~~significantly~~space, ~~our~~such ~~gross~~as ~~margins~~Suning ~~could~~Appliance beCompany ~~adversely~~Limited, ~~affected~~which operates suning.com, Inand ~~addition~~Gome Electrical Appliances Holding Limited, ifwhich ~~Internet~~operates ~~access~~gome.com.cn. ~~fees~~We oralso ~~other~~face ~~charges~~competition tofrom ~~Internet~~online ~~users~~retail ~~increase,~~companies ~~our~~in ~~user~~China ~~traffic~~focused ~~may~~on ~~decrease~~specific product categories and from traditional retail stores, ~~which~~including inthose ~~turn~~aiming ~~may~~to ~~significantly~~offer ~~decrease~~a ~~our~~one-stop ~~revenues~~shopping experience to customers.

1214 Table of Contents

~~Our~~We ~~ecosystem~~anticipate ~~could~~that bethe ~~disrupted~~online byretail ~~network~~market ~~interruptions~~will continually evolve and will continue to experience rapid technological change, evolving industry standards, shifting customer requirements, and frequent innovation. In addition, new and enhanced technologies may increase the competition in the online retail industry. New competitive business models may appear, for example based on new forms of social media or social commerce. We must continually innovate to remain competitive.

~~Our~~We ~~ecosystem~~also ~~depends~~compete onwith ~~the~~companies ~~efficient~~making ~~and~~counterfeits ~~uninterrupted operation~~ of ~~our~~products ~~computer~~sold ~~and~~on ~~communications systems. Substantially all of~~ our ~~computer~~platform ~~hardware~~at isa ~~being~~lower ~~developing in Hong Kong~~prices. ~~Although~~We ~~we will be prepared for contingencies through redundancy measures and disaster recovery plans, such preparation~~ may not be ~~sufficient~~able and we do not carry business interruption insurance. Despite any precautions we may take, the occurrence of a natural disaster, such as an earthquake, flood or fire, or other unanticipated problems at our facilities in China, including power outages, telecommunications delays or failures, break-ins to ~~our~~prevent ~~systems~~others orfrom ~~computer~~unauthorized ~~viruses,~~use could result in delays or interruptions to our marketplaces and platforms, loss of our and customers’ data and business interruption for us and our customers. Any of these events could damage our reputation, significantly disrupt our operations and the operations of the sellers and other participants in our ecosystem and subject us to liability, which ~~could~~may ~~materially and~~ adversely affect our ~~business,~~sales ~~financial~~amounts ~~condition~~ and ~~results~~harm ofour ~~operations~~reputation eventually.

IfWe ~~third-party~~believe ~~service~~we ~~providers~~compete primarily on our ~~ecosystem~~ability ~~fail~~to provide customers with a diverse portfolio of products, which helps to satisfy customers’ need. We believe we also compete on our ability to provide ~~reliable~~high-quality orproduct ~~satisfactory~~offerings and customer services at competitive prices, which help generate more appeal for our ~~business,~~products. ~~financial~~We ~~condition~~believe ~~and~~we ~~results~~also ofcompete ~~operations~~on ~~may~~our beability ~~materially~~to ~~and~~provide ~~adversely~~efficient ~~affected~~delivery services, which helps to provide convenience to customers.

InOur ~~addition~~Business to the services provided to our ecosystem by payment processing and logistics providers, a number of third-party participants, including marketing affiliates, retail operational partners, independent software vendors, or ISVs, and various professional service providers, also provide services to sellers. We do not have any agreements that require these third-party participants to provide services to sellers. To the extent these third-party service providers are unable to provide satisfactory services to sellers on commercially acceptable terms or at all or if we fail to retain existing or attract new quality service providers to our marketplaces, our ability to retain or attract sellers and buyers may be severely limited, which may have a material and adverse effect on our business, financial condition and results of operations.Model

~~Failure~~Since tofounding ~~deal~~our ~~effectively~~Company, ~~with~~we ~~any~~have ~~fraud~~focused ~~perpetrated~~on developing the business of online direct sales, sales agent sales, supplier consignment sales, and ~~fictitious~~offline ~~transactions~~stores ~~conducted~~sales, onthe operations of which are supported by our ~~e-commerce~~proprietary technology platform. The fact that our online direct sales and ~~other~~sales ~~sources~~agent ofbusiness ~~customer~~have ~~dissatisfaction~~both ~~would~~grown ~~harm~~substantially in size has proved to us, as we believe, that our ~~business~~online direct sales and technology platform will make us a strong player in China’s online retail industry in terms of providing superior customer experience.

WeOnline ~~face~~Direct risks with respect to fraudulent activities on our e-commerce platform and may periodically receive complaints from buyers who may not have received the services that they had purchased, as well as complaints from sellers who have not received payment for the services that a buyer had contracted to purchase. Although we will implement various measures to detect and reduce the occurrence of fraudulent activities on our e-commerce platform, there can be no assurance that such measures will be effective in combating fraudulent transactions or improving overall satisfaction among our sellers, buyers and other participants. Additional measures that we take to address fraud could also negatively affect the attractiveness of our e-commerce platform to buyers or sellers.Sales

In ~~addition~~our toonline ~~fraudulent~~direct ~~transactions~~sales ~~with legitimate buyers~~business, ~~sellers~~we ~~may~~acquire ~~also~~products ~~engage~~from insuppliers ~~fictitious~~and orsell ~~“phantom”~~them ~~transactions~~directly ~~with~~to ~~themselves~~customers. orWe ~~collaborators~~started inselling ~~order~~beauty toand ~~artificially~~computer ~~inflate~~products ~~their~~online ~~own~~in ~~ratings on our e-commerce platform~~2016, ~~reputation~~ and ~~search~~significantly ~~results~~expanded ~~rankings.~~our ~~This~~product ~~activity~~offerings ~~may~~in ~~harm~~2018 ~~other~~with ~~sellers~~home byappliances ~~enabling~~and ~~the~~a ~~perpetrating~~wide ~~seller~~array toof begeneral ~~favored~~merchandise ~~over~~product ~~legitimate sellers~~categories, and ~~may~~have ~~harm~~been ~~buyers~~continually byadding ~~deceiving~~new ~~them~~products ~~into~~and ~~believing~~categories ~~that~~since ~~a seller is more reliable or trusted than the seller actually is~~then.

~~Negative~~Sales ~~publicity~~Agent and user sentiment generated as a result of actual or alleged fraudulent or deceptive conduct on our platform could severely diminish consumer confidence in and use of our services, reduce our ability to attract new or retain current sellers, buyers and other participants, damage our reputation and diminish the value of our brand names, and materially and adversely affect our business, financial condition and results of operations.Sales

13Apart ~~Table~~from ofdirect ~~Contents~~sales, we also cooperate with sales agents including channel agents and commercial agents to promote and sell products.

WeSupplier ~~are~~Consignment subject to regulation, and future regulations may impose additional requirements and other obligations on our business or otherwise that could materially and adversely affect our business, financial condition and results of operations.Sales

~~The~~Under ~~industries~~supplier inconsignment ~~which~~sales, we ~~operate~~transfer ~~in the PRC, including~~ online ~~and~~orders ~~mobile~~received ~~commerce and payments are highly regulated. The PRC government authorities are likely~~ to continue to issue new laws, rules and regulations governing these industries, enhance enforcement of existing laws, rules and regulations and require new and additional licenses, permits and approvals from us and our ~~users.~~suppliers ~~These~~for ~~laws,~~them ~~rules~~to ~~and~~fulfil ~~regulations~~ and ~~their~~deliver ~~application to us could take a direction that is adverse to our business at any time. In addition~~directly, ~~there is no assurance that any required licenses, permits~~ and ~~approvals~~we ~~could~~do benot ~~obtained~~need ~~in a timely or cost-effective manner, and failure~~ to ~~obtain~~keep ~~them~~inventory ~~could have a material adverse effect on our business, financial condition and results~~ of operations. Changes in regulatory enforcement as well as tax policy in the PRC could also result in additional compliance obligations and increased costs or place restrictions upon our current or future operations. Any such ~~legislation or regulation could also severely disrupt and constrain our business and the payment services used on our e-commerce platform~~products. InTherefore ~~addition, we will also face~~ the ~~challenge~~supplier ofconsignment ~~complying~~sales ~~concurrently~~mode ~~with~~helps ~~the~~us ~~compliance~~reduce ~~rules~~inventory ~~and~~risk ~~regulations~~while ofstill ~~multiple~~providing ~~jurisdictions,~~us ~~and~~an ~~such~~avenue ~~rules~~for orconsiderable ~~regulations could conflict or interact with each other in complex ways~~profits.

~~We may be subject to PRC and other foreign government inquiries and investigations, including those relating to website content and alleged third~~Omni-~~party~~channel intellectual property infringement. We also face scrutiny, and may be subject to inquiries and investigations, from foreign governmental bodies that focus on cross-border trade, intellectual property protection, human rights and user privacy matters. As we establish our operations and continue to grow in scale and significance, we expect to face increased scrutiny, which will, at a minimum, result in our having to increase our investment in compliance and related capabilities and systems. The increasing sophistication and development of our user base will also increase the need for higher standards of user protection, privacy protection and dispute management. Any increased involvement in inquiries or investigations could result in significantly higher legal and other costs, diversion of management and other resources, as well as negative publicity, which could harm our business and reputation and materially reduce our revenue and net income.Initiatives

WeTo ~~may~~achieve bea ~~accused~~wider vision of ~~infringing~~our ~~intellectual~~business, ~~property~~we ~~rights~~are exploring a variety of ~~third~~omni-channel ~~parties~~integration opportunities and ~~content~~innovative ~~restrictions~~business ofmodels. ~~relevant~~Leveraging ~~laws~~our well-established technology platform and infrastructures, we believe we are well-positioned to create enhanced shopping experience for consumers as well as improved efficiency for our business partners in the ecosystem.

~~Third~~We ~~parties~~believe ~~may~~we ~~claim~~are ~~that~~well-positioned ~~the~~to ~~technology~~provide ~~used~~online-to-offline in(O2O) ~~the~~solutions ~~operation~~to ofcustomers ~~our platforms~~ and~~/or~~ ~~DIY~~offline ~~system~~retailers ~~infringes~~in ~~upon~~select ~~their~~locations ~~intellectual property rights. Although we have not~~ in ~~the~~China ~~past~~by ~~faced~~capitalizing ~~material~~on ~~litigation~~our ~~involving~~strong ~~direct~~online ~~claims~~presence ofand ~~infringement~~leveraging bydelivery ussystem, ~~the possibility of intellectual property claims against us increases as~~ we ~~continue~~have tostrategic ~~grow,~~cooperation ~~particularly~~with ~~internationally.~~SF ~~Such claims~~Express, ~~whether~~ZTO orExpress ~~not having merit, may result in our expenditure of significant financial~~ and ~~management~~STO ~~resources,~~Express. ~~injunctions~~SF ~~against~~Express usis orone ~~payment~~ of ~~damages.~~the Welargest ~~may~~express ~~need~~delivery tocompanies ~~obtain~~in ~~licenses from third parties who allege that we have infringed their rights~~China, ~~but~~and ~~such~~provides ~~licenses~~the ~~may~~fastest ~~not~~delivery beof ~~available~~products onto ~~terms~~all ~~acceptable~~regions toin usChina orwithin at24 ~~all~~hours. ~~These~~We ~~risks~~focus ~~have~~on ~~been amplified by~~ the ~~increase~~mobile incommerce ~~the~~sector ~~number~~and ofalso ~~third~~collaborates ~~parties~~with ~~whose~~convenience ~~sole~~stores orto ~~primary~~provide ~~business~~consumers iswith tospeedy ~~assert~~premium ~~such~~shopping ~~claims~~experience.

~~China~~15 ~~has~~Table ~~enacted laws and regulations governing Internet access and the distribution~~ of products, services, news, information, audio-video programs and other content through the Internet. The PRC government has prohibited the distribution of information through the Internet that it deems to be in violation of PRC laws and regulations. If any of the information disseminated through our e-commerce platform, DIY system and websites were deemed by the PRC government to violate any content restrictions, we would not be able to continue to display such content and could become subject to penalties, including confiscation of income, fines, suspension of business and revocation of required licenses, which could materially and adversely affect our business, financial condition and results of operations.Contents

~~The~~To ~~outcome~~further ofexpand ~~any~~and ~~claims~~develop our business, ~~investigations~~we ~~and~~made ~~proceedings~~a isstrategic ~~inherently~~decision ~~uncertain,~~in September 2018 provide certain services to other business companies and inexpect ~~any~~that ~~event~~such ~~defending~~services ~~against~~would ~~these~~help ~~claims~~increase ~~could~~profitability bemore ~~both~~significantly ~~costly~~along with other business development and ~~time-consuming~~expansion. To provide such services, ~~and~~we ~~could~~plan ~~significantly~~to ~~divert~~first ~~the~~cooperate ~~efforts~~with ~~and~~a ~~resources~~number of ~~our~~other ~~management~~business companies off-line stores that mainly focus on travel and ~~other~~beauty ~~personnel~~industries. AnWe ~~adverse~~will ~~determination~~promote their business on Lovego App, and our users can spend their Lefuyou (a kind of incentive points) on purchases made in ~~any~~these ~~such~~off-line ~~litigation~~stores. orWe ~~proceedings~~believe ~~could~~this ~~cause~~business usstrategy will lead to ~~pay~~a ~~damages~~win-win situation where, aswe ~~well~~can asuse ~~legal~~our customer base and ~~other~~online ~~costs~~channel to boost these business companies’ revenue generation, ~~limit~~and ~~our~~also ~~ability~~attract more users to ~~conduct~~our ~~business~~own orsales ~~require~~platform usand further enhance our platform’s influence by being able to ~~change~~provide ~~the~~various ~~manner~~off-line inservices ~~which~~to weour ~~operate~~customers.

WeOur ~~may~~Products ~~face~~and ~~challenges in expanding our cross-border operations.~~Services

As we plan to continue expanding our strategy on cross-border operations into other markets, we will face risks associated with expanding into markets in which we have limited or no experience and in which our company may be less well-known. We may be unable to attract a sufficient number of customers and other participants, fail to anticipate competitive conditions or face difficulties in operating effectively in these new markets. The expansion of our cross-border business will also expose us to risks relating to staffing and managing cross-border operations, increased costs to protect intellectual property, tariffs and other trade barriers, differing and potentially adverse tax consequences, increased and conflicting regulatory compliance requirements, lack of acceptance of our service offerings, challenges caused by distance, language and cultural differences, exchange rate risk and political instability. Accordingly, any efforts we make to expand our cross-border operations may not be successful, which could limit our ability to grow our revenue, net income and profitability.Products

14We ~~Table~~continually seek to add more products that appeal to our target customers. The number of ~~Contents~~products we offer has grown rapidly. We offer eight categories of products including but not limited to: home appliances, mobile handsets, computers and other digital products, furniture and household goods; apparel, shoes, bags; cosmetics and other personal care items; mother and childcare products, toys and instruments; food, beverage and fresh produce; watches, jewelry and luxury goods and office supplies. Each of these categories is further divided into numerous subcategories to facilitate browsing.

~~Our~~In ~~brand~~building ~~name~~up our product offerings, we focus on quality as well as quantity. Due to our nationwide reach and our ~~business~~efficient ~~may~~fulfillment besystem, ~~harmed~~suppliers byoften ~~aggressive~~choose ~~marketing~~us ~~and~~as ~~communications~~the ~~strategies~~preferred distributor for a period of ~~our~~a ~~competitors~~few days or weeks, when they launch new products that they expect will be in high demand.

~~Due~~To tofurther ~~intense~~expand ~~competition~~and indevelop our ~~industry~~business, we ~~may~~made bea ~~the~~strategic ~~target~~decision ofin ~~incomplete~~September, ~~inaccurate~~2018 ~~and~~to ~~false~~provide ~~statements~~certain ~~about~~services ~~our~~to ~~company~~other ~~and~~business ~~our~~companies, ~~services~~and ~~that~~we ~~could~~expect ~~damage~~such ~~our~~services ~~and~~would ~~our~~increase ~~management’s~~the ~~reputation~~profitability ~~and~~of our ~~brand~~business ~~and~~more ~~materially~~significantly ~~deter~~along ~~consumers~~with ~~from~~other ~~making~~business ~~purchases~~development onand ~~our~~expansion. ~~e-commerce~~To ~~platform~~provide ~~and~~such ~~DIY~~services, ~~system.~~we ~~Our~~plan ~~ability~~ to ~~respond~~first tocooperate ~~our~~with ~~competitors’~~a ~~misleading~~number ~~marketing~~of ~~efforts~~other ~~may~~business becompanies ~~limited~~that bymainly ~~legal~~focus ~~prohibitions~~ on ~~permissible~~travel ~~public~~and ~~communications~~beauty byindustries usand ~~during~~enable our ~~initial~~users ~~public~~to ~~offering~~use ~~process~~Lefuyou oron ~~during~~purchases ~~future~~made ~~periods~~in such business companies.

~~Our~~Online ~~revenue and net income may be materially and adversely affected by any economic slowdown in Asia as well as globally.~~Experience

~~The~~We ~~success~~believe ofthat ~~our~~providing ~~business~~a ~~ultimately~~satisfactory ~~depends~~online onexperience ~~consumer~~is ~~spending.~~critical ~~Upon~~to ~~the~~attracting ~~commencement~~and ofretaining ~~operations,~~customers. weWe ~~anticipate~~make ~~deriving~~sales aprimarily ~~significant~~through ~~amount~~our ofcontent-rich ~~our~~and ~~revenue~~user-friendly ~~from~~mobile ~~Asia~~application – Lovego App. AsOur amobile ~~result,~~application ~~our~~not ~~revenue~~only ~~and~~offers ~~net~~a ~~income~~broad ~~are~~selection ~~impacted~~of toauthentic aproducts ~~significant~~at ~~extent~~competitive byprices ~~economic~~but ~~conditions~~also inprovides ~~Asia~~easy ~~and~~site ~~globally~~navigation, asbasic ~~well~~and asadvanced ~~economic~~search ~~conditions~~functions, ~~specific~~comprehensive toproduct ~~online~~information and ~~mobile~~a ~~commerce.~~large ~~The~~volume ~~global~~of ~~economy,~~customer ~~markets~~reviews and ~~levels~~ratings. ofThese ~~consumer~~features ~~spending~~will ~~are~~likely ~~influenced~~increase bycustomers’ ~~many~~desire ~~factors~~to ~~beyond~~browse our ~~control~~product offerings, ~~including~~and ~~consumer~~enable ~~perception~~customers ofto ~~current~~learn more about the products and ~~future~~compare ~~economic~~products ~~conditions,~~before ~~political~~making ~~uncertainty,~~purchases. ~~levels~~With the increasing popularity of ~~employment~~mobile internet-enabled devices, ~~inflation~~we orhave ~~deflation,~~also ~~real~~developed ~~disposable~~Lovego ~~income,~~App ~~interest~~that ~~rates,~~can ~~taxation~~function ~~and~~on ~~currency~~iOS ~~exchange~~and ~~rates~~Android platforms.

~~The~~Order PRC government has in recent years implemented a number of measures to control the rate of economic growth, including by raising interest rates and adjusting deposit reserve ratios for commercial banks as well as by implementing other measures designed to tighten credit and liquidity. These measures have contributed to a slowdown of the PRC economy. Any continuing or worsening slowdown could significantly reduce domestic commerce in China, including through the Internet generally and within our ecosystem. An economic downturn, whether actual or perceived, a further decrease in economic growth rates or an otherwise uncertain economic outlook in China or any other market in which we may operate could have a material adverse effect on our business, financial condition and results of operations.Fulfilment

~~We may not be able to protect our intellectual property rights.~~Delivery

WeFor ~~will~~our ~~rely~~online ondirect ~~a combination of trademark~~sales, ~~fair~~we ~~trade~~are ~~practice,~~responsible ~~patent,~~for ~~copyright~~the ~~and~~delivery ~~trade~~of ~~secret~~products. ~~protection~~For ~~laws~~supplier inconsignment ~~China and other jurisdictions~~sales, assuppliers ~~well~~are asresponsible ~~confidentiality~~for ~~procedures~~the ~~and~~delivery ~~contractual~~of ~~provisions, to protect our intellectual property rights~~products. We ~~will~~believe ~~also~~that ~~enter~~timely ~~into confidentiality agreements with our employees~~ and ~~any~~reliable ~~third~~delivery ~~parties~~is ~~who~~critical ~~may~~to ~~access~~the ~~our~~continued ~~proprietary~~success ~~information,~~of ~~and we will rigorously control access to~~ our ~~proprietary technology and information~~business.

~~Intellectual~~Our ~~property~~nationwide ~~protection~~delivery ~~may~~network ~~not~~has be sufficient in China or other countries in which we operate. Confidentiality agreements may be breached by counterparties, and there may not be adequate remedies available to us for any such breach. Accordingly, we may not be able to effectively protect our intellectual property rights or to enforce our contractual rights in China or elsewhere. In addition, policing any unauthorized use of our intellectual property is difficult, time-consuming and costly and the ~~steps~~following we have taken may be inadequate to prevent the misappropriation of our intellectual property. In the event that we resort to litigation to enforce our intellectual property rights, such litigation could result in substantial costs and a diversion of our managerial and financial resources. We can provide no assurance that we will prevail in such litigation. In addition, our trade secrets may be leaked or otherwise become available to, or be independently discovered by, our competitors. Any failure in protecting or enforcing our intellectual property rights could have a material adverse effect on our business, financial condition and results of operations.features:

1516 Table of Contents

WeDelivery ~~may be subject to claims under consumer protection laws, including health and safety claims, if property or people are harmed by the services sold on our e-commerce platform.~~Network

~~Due~~We tocan ~~several~~deliver ~~high-profile~~products ~~incidents~~to ~~involving~~customers ~~food safety and consumer complaints that have occurred~~ in ~~China~~almost inall ~~recent~~counties ~~years, the PRC government, media outlets~~ and ~~public~~districts ~~advocacy~~across ~~groups~~China ~~are~~as ~~increasingly focused on consumer protection. Operators~~ of ~~e-commerce~~September ~~platforms~~30, ~~are subject to certain provisions of consumer protection laws even where such operator is not the seller of the product or service purchased by the consumer~~2018. ~~For~~We ~~example,~~deliver ~~under~~a ~~applicable~~majority consumer protection laws in China, e-commerce platform operators may be held liable for consumer claims relating to damage if they are unable to provide consumers with the true name, address and contact details of ~~service~~our ~~providers.~~orders Inthrough ~~addition,~~SF ~~if we do not take appropriate remedial action against service providers for actions they engage in that we know~~Express, orwhich ~~should~~is ~~have~~allegedly ~~known, would infringe upon~~ the ~~rights~~fastest and ~~interests~~most ofreliable ~~consumers,~~express wedelivery ~~may~~company ~~be held jointly liable with the service provider for such infringement. Moreover, applicable consumer protection laws~~ in China. ~~hold~~We ~~that~~believe ~~trading~~using ~~platforms will be held liable for failing to meet any undertakings~~ such ~~platforms~~reliable ~~make~~courier to ~~consumers~~deliver ~~with~~our ~~regard~~orders tofast ~~services~~is ~~listed~~helpful ~~on their websites. Furthermore, we are required~~ to ~~report~~create tosatisfactory ~~the~~customer ~~State~~experience Administration for Industry & Commerce (“SAIC”) in China or its local branches any violation of applicable laws, regulations or SAIC rules by service providers, such as sales of services without proper license or authorization, and tocan ~~take~~help ~~appropriate remedial measures, including ceasing to provide services to such service providers. If claims are brought against~~ us ~~under~~stand ~~any~~out of these laws, we could be subject to damages and reputational damage as well as action by regulators, which could have a material adverse effect on our business, financial condition and results of operations. We do not maintain product liability insurance for services transacted on our e-commerce platform, and our rights of indemnity from ~~the service providers on~~ our ~~e-commerce platform may not adequately cover us for any liability we may incur~~competitors. ~~Even unsuccessful claims could result in the expenditure of funds and management time and resources and could materially reduce our net income and profitability.~~

~~Tightening~~Flexible ofDelivery ~~tax compliance efforts with respect to the revenue or profit generated by our sellers could materially and adversely affect our business, financial condition and results of operations.~~Arrangements

~~E-commerce~~Customers incan ~~China~~choose istheir ~~still~~preferred ~~developing,~~delivery ~~and~~period during the ~~People’s~~day ~~Republic~~when ofthey ~~China~~place ~~(“PRC”)~~orders; ~~government~~in ~~may~~certain ~~require operators of e-commerce platform~~regions, ~~such~~customers ascan ~~our~~also ~~company,~~choose toevening ~~assist~~delivery inperiod ~~the~~at ~~collection of taxes with respect to the revenue or profit generated by sellers from transactions conducted on~~ their ~~platforms~~choice. ACustomers ~~significant~~also ~~number of small businesses and sole proprietors operating businesses through storefronts on the e-commerce platform may not~~ have ~~completed~~ the ~~required~~option ~~tax~~to ~~registration.~~reschedule ~~PRC tax authorities may enforce registration requirements that target small businesses or sole proprietors on the e-commerce platform and may request our assistance in these efforts. As~~ a ~~result,~~delivery ~~these~~by ~~sellers~~logging ~~may~~into ~~be subject to more stringent tax compliance requirements and liabilities and~~ their ~~business~~respective onLovego ~~our~~App ~~e-commerce~~account ~~platform and DIY system could suffer or they could decide~~ to ~~remove~~obtain ~~their~~the ~~storefronts~~contact ~~from~~information ~~our~~of ~~marketplace~~the ~~rather~~delivery ~~than~~personnel ~~comply,~~and ~~which~~make ~~could~~arrangements inwith ~~turn~~such ~~negatively~~personnel ~~affect~~directly usby themselves. We ~~may~~believe ~~also be requested~~ by ~~tax~~offering ~~authorities to supply information on~~ our ~~sellers,~~customers ~~such~~with asflexible ~~transaction~~delivery ~~records~~arrangements ~~and~~that ~~bank~~satisfy ~~account~~their ~~information,~~needs ~~and~~is ~~assist~~an inessential ~~the~~part ~~enforcement~~ of ~~tax~~customer ~~regulations, including the payment and withholding obligations against our sellers, in which case, potential sellers might not be willing to open storefronts on our e-commerce platform~~satisfaction.

Heightened enforcement against participants in e-commerce transactions (including imposition of withholding obligations on us with respect to business or value-added tax) could have a material adverse effect on our business, financial condition and results of operations.Payment

WeVarious ~~may~~kinds beof ~~subject~~online payment methods are offered to ~~material~~customers ~~litigation~~at the time they place their orders, such as Weixin Pay, Alipay among others. Customers chose online payment approximately 90% of the time in 2018.

We may in the future be involved in litigation relating principally to third-party intellectual property infringement claims, contract disputes, employment related cases and other matters in the ordinary course of our business. As our ecosystem expands, and as litigation becomes more common in China, we may face an increasing number of such claims, including those involving higher amounts of damages.Marketing

~~The~~We ~~outcome~~believe ofthat ~~any~~the ~~claims,~~most ~~investigations~~effective ~~and~~form ~~proceedings~~of marketing is ~~inherently~~to ~~uncertain,~~continually ~~and~~enhance inour ~~any~~customer ~~event defending against these claims could be both costly and time-consuming~~experience, ~~and~~as ~~could~~customer ~~significantly~~satisfaction ~~divert~~engenders ~~the efforts and resources~~ word-of-mouth ~~our~~referrals ~~management~~ and ~~other~~repeat ~~personnel~~purchases. AnWe ~~adverse~~have ~~determination~~been inable ~~any~~to ~~such~~build ~~litigation~~an orextensive ~~proceedings~~base ~~could~~of ~~cause~~loyal uscustomers toprimarily ~~pay~~through ~~damages~~providing assuperior ~~well~~customer asexperience ~~legal~~ and ~~other~~conducting ~~costs,~~marketing ~~limit~~and ~~our~~brand ~~ability~~promotion ~~to conduct business or require us to change the manner in which we operate~~activities.

16In ~~Table~~addition to conducting marketing activities through traditional online and offline channels, we have also designed innovative programs and promotion activities to further enhance the brand awareness of ~~Contents~~both us and our partners, and to better reach our customers. For instance, we have offered “618 Mid-year Sales,” “Happy Fathers’ Day Selection,” and “6.1 Children’s Day Promotion.” In order to further improve customer experience and increase user engagement on mobile internet, we are exploring cooperation opportunities with many business partners on the mobile side.

WeUnique ~~may~~Business beModel ~~subject to liability for content on our websites and mobile interfaces that is alleged to be socially destabilizing, obscene, defamatory, libelous or otherwise unlawful.~~(Lefuyou)

~~Under~~We ~~PRC~~have ~~law,~~developed wea ~~are~~unique ~~required~~business tomodel ~~monitor~~called ~~our~~Lefuyou ~~websites~~(a ~~and~~kind ~~the~~of ~~websites~~incentive ~~hosted on our servers and mobile interfaces for items or content deemed to be socially destabilizing~~points), ~~obscene,~~under ~~superstitious or defamatory, as well as items, content or services that are illegal to sell online or otherwise in other jurisdictions in~~ which we ~~operate~~give our ~~e-commerce~~customers ~~platform,~~Lefuyou ~~and~~after ~~promptly~~they ~~take~~place ~~appropriate~~orders ~~action~~ with ~~respect to such items~~us, ~~content~~except orsome ~~services.~~specific ~~We may also be subject to potential liability for any unlawful actions of our customers or users of our websites or mobile interfaces or for content we distribute that is deemed inappropriate~~products. ItLefuyou ~~may~~rules ~~be difficult to determine the type of content that may result in liability to us, and if we~~ are ~~found~~as ~~to be liable, we may be subject to fines, have our relevant business operation licenses revoked, or be prevented from operating our websites or mobile interfaces in China.~~follows:

In· ~~addition,~~A ~~claims~~percentage ~~may~~of besales ~~brought~~prices ~~against~~of ussome ~~for~~products ~~defamation,~~is ~~libel,~~reserved ~~negligence,~~as ~~copyright,~~Lefuyou ~~patent~~which orare ~~trademark~~incentive ~~infringement,~~points ~~tort~~to ~~(including~~be ~~personal~~used ~~injury),~~in ~~other~~the ~~unlawful~~future. ~~activity~~· or100 ~~other~~Lefuyou ~~theories~~can ~~and~~be ~~claims~~used ~~based~~as onRMB ~~the~~1 ~~nature~~Yuan. ~~and~~· ~~content~~Some ofproducts ~~information~~are ~~posted~~not onentitled ~~our~~to ~~e-commerce~~Lefuyou. ~~platform,~~· ~~including~~Lefuyou ~~product~~cannot ~~reviews~~be ~~and~~cashed. ~~message~~· ~~boards,~~Lefuyou bycan ~~our~~be ~~buyers,~~used ~~sellers~~as ~~and~~payment ~~other~~for ~~marketplace~~future ~~participants~~purchases made with us.

~~Regardless~~The oftime needed to process the ~~outcome~~giving ofback ~~such~~on aan ~~dispute~~order ordepends ~~lawsuit~~on when we receive profits on an order. In other words, we ~~may~~would ~~suffer~~like ~~from~~to ~~negative~~share ~~publicity~~our ~~and~~profit ~~reputational~~with ~~damage~~our ascustomers, aLefuyou ~~result~~mode ofis ~~these~~our ~~actions~~comparative advantage to promote customer loyalty and increase our price competitiveness.

WeAs ~~depend~~part onof our ~~senior~~marketing ~~management~~strategy, ~~team~~we provide various incentives to our existing customers to increase their spending and ~~the~~loyalty. ~~loss~~Our ofcustomers ~~one~~can orearn ~~more~~reward ~~key~~points ~~employees~~upon registration and for each purchase they make, and may exchange the ~~failure~~reward ofpoints for coupons, gifts and lucky draw opportunities on our platform. Our customers may also earn reward points by introducing new ~~executive~~members ~~officers~~and customers to ~~integrate~~our ~~with~~platform. ~~our~~In ~~management~~addition, ~~team~~we orencourage our ~~failure~~customers to ~~attract~~share ~~and~~their ~~retain~~successful ~~other~~flash ~~highly~~sales ~~qualified~~shopping ~~personnel~~experiences through social media and microblogging websites in ~~the~~China. ~~future,~~We ~~could~~offer ~~have~~an a“easy-to-share” ~~negative~~function ~~impact~~that onenables our ~~business~~customers to easily share their shopping experiences with us on Internet social networking platforms and microblogging websites.

~~Our~~17 ~~success~~Table ~~depends largely on the efforts and abilities~~ of the key members of our senior management team, including Yong Qiang Yang, who serves as the Company's President and a director, and Wei Min Jin, who serves as the Company’s Chief Financial Officer, Secretary and a director. Because each member of our senior management team has a different area of specialization, the departure of any one of these individuals could create a deficiency in one of the core aspects of our business. Any failure of our management team to successfully integrate could also have a negative impact on our business. We are also dependent on the efforts of our team of technology professionals, and on our ability to recruit and retain highly skilled and often specialized personnel, particularly in light of the rapid pace of technological advances. The level of competition in the technology industry for individuals with this level of experience or these skills is intense. Significant losses of key personnel, particularly to competitors, could make it difficult for us to compete successfully. In addition, we may be unable to attract and retain qualified management and personnel in the future, including in relation to any diversification of our product and service offerings into new asset classes and/or new geographic locations.Contents

~~Our employees may engage in misconduct or other improper activities which could materially and adversely affect us and cause our stock price to decline significantly.~~Pricing

We ~~are~~offer ~~exposed~~competitive pricing to ~~the~~attract ~~risk~~and ofretain ~~employee fraud or other misconduct. Misconduct by employees could include the misappropriation of funds, intellectual property, or our~~ customers~~’ proprietary information~~. ~~Employee~~We ~~misconduct~~make iscontinual ~~not~~efforts ~~always possible~~ to ~~deter~~maintain ~~or prevent,~~ and ~~any~~improve ~~precautions~~an weefficient ~~may~~cost ~~take~~structure ~~to prevent~~ and ~~detect~~create ~~this~~incentives ~~activity~~for ~~may not be effective in all cases. We may incur negative publicity and reputational harm as a result of any improper activities by~~ our ~~employees.~~suppliers ~~In addition, any employee fraud or misconduct may give rise~~ to ~~litigation,~~provide ~~which could be time-consuming to our management team, costly and could have a material adverse effect on~~ us ~~and~~with ~~cause~~competitive ~~our stock price to decline significantly~~prices.

~~RISK~~Pricing ~~FACTORS CONCERNING INVESTMENT IN OUR COMPANY~~Policy

~~There~~We isare ~~currently~~making acontinual ~~limited~~efforts ~~public~~to ~~market~~set our prices to be competitive with those on other major online retail websites and in offline stores in China. We typically negotiate with our suppliers for prices that are comparable to or lower than those offered to retailers in other sales channels. If we reduce the price on our ~~shares,~~website ~~and~~before ifthe anproduct ~~active~~is ~~market~~delivered ~~does~~to ~~not~~the ~~develop~~customer, ~~investors~~then ~~may~~the ~~have~~customer ~~difficulty~~generally ~~selling~~has ~~their~~an ~~shares~~opportunity to lock in the lower price.

~~Our~~Special common stock is currently traded on the over the counter (OTC) market on the OTCQB exchange, and there is currently only a limited public trading market for our common stock. We cannot predict the extent to which investor interest in the Company and our common stock will lead to the development or continuance of an active trading market or how liquid that trading market for our common stock might become. If an active trading market for our common stock does not develop or is not sustained, it may be difficult for investors to sell shares, particularly large quantities, of our common stock at a price that is attractive or at all. As a result, an investment in our common stock may be illiquid and investors may not be able to liquidate their investment readily or at all when they desire to sell.Promotions

17We ~~Table~~offer a selection of ~~Contents~~discounted products on special occasions, such as the anniversary sales promotional event on June 18 and China’s new online shopping festival on November 11, and on important holidays such as Christmas and Chinese New Year. We also hold regular promotions for selected products for a limited period of time. Special promotions attract bargain hunters and give our customers an additional incentive to visit our website regularly.

~~Regulation~~Customer ofService ~~penny~~and ~~stocks.~~Return and Exchange Policies

~~The~~Providing U.satisfactory S.customer ~~Securities~~services and Exchange Commission (SEC) has adopted a number of rules to regulate "penny stocks." Because the securities of the Company may constitute "penny stocks" within the meaning of the rules (as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, other than a security registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in that security are provided by the exchange or system), the rules would apply to the Company and to its securities. The Commission has adopted Rule 15g-9 which established sales practice requirements for certain low price securities. Unless the transaction is ~~exempt, it shall be unlawful for~~ a ~~broker~~high or dealer to sell a penny stock to, or to effect the purchase of a penny stock by, any person unless prior to the transaction: (i) the broker or dealer has approved the person's account for transactions in penny stock pursuant to this rule and (ii) the broker or dealer has received from the person a written agreement to the transaction setting forth the identity and quantity of the penny stock to be purchasedpriority. InOur ~~order~~commitment to ~~approve~~customers a person's account for transactions in penny stock, the broker or dealer must: (a) obtain from the person information concerning the person's financial situation, investment experience, and investment objectives; (b) reasonably determine that transactions in penny stock are suitable for that person, and that the person has sufficient knowledge and experience in financial matters that the person reasonably may be expected to be capable of evaluating the risks of transactions in penny stock; (c) deliver to the person a written statement setting forth the basis on which the broker or dealer made the determination (i) stating in a highlighted format that it is ~~unlawful~~reflected ~~for the broker or dealer to affect a transaction~~ in ~~penny stock unless~~ the ~~broker~~high orservice ~~dealer~~levels ~~has~~provided ~~received,~~by ~~prior~~our ~~to the transaction, a written agreement to the transaction from the person; and (ii) stating in a highlighted format immediately preceding the~~ customer ~~signature~~service ~~line~~staff that (A) the broker or dealer is required to provide the person with the written statement and (B) the person should not sign and return the written statement to the broker or dealer if it does not accurately reflect the person's financial situation, investment experience, and investment objectives; and (d) receive from the person a manually signed and dated copy of the written statement. It is also required that disclosure be made as ~~to the risks of investing in penny stock and the commissions payable to the broker-dealer, as~~ well as ~~current price quotations and the remedies and rights available~~ in ~~cases~~our ofproduct ~~fraud~~return ~~in penny stock transactions. Statements, on a monthly basis, must be sent to the investor listing recent prices for the “penny stock”~~ and ~~information~~exchange ~~on the limited market~~policies. Shareholders should be aware that, according to Securities and Exchange Commission Release No. 34-29093, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include: (i) control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (ii) manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases; (iii) "boiler room" practices involving high pressure sales tactics and unrealistic price projections by inexperienced sales persons; (iv) excessive and undisclosed bid ask differential and markups by selling broker-dealers; and (v) the wholesale dumping of the same securities by promoters and broker dealers after prices have been manipulated to a desired level, along with the resulting inevitable collapse of those prices and with consequent investor losses. The Company's management is aware of the abuses that have occurred historically in the penny stock market. Although the Company does not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established with respect to the Company's securities.

~~There~~13-7 isCustomer ~~limited~~service ~~liquidity in our common stock, which may adversely affect your ability to sell your shares of common stock.~~centers

~~The~~We ~~market~~operate ~~price~~three of13-7 ~~our~~customer ~~common~~service ~~stock~~centers ~~may~~(providing ~~fluctuate~~online ~~significantly~~customer inservices ~~response~~7 todays a ~~number~~week ofand ~~factors~~13 hours per day) in Shanghai, ~~some~~handling all kinds of ~~which~~customer ~~are~~queries ~~beyond~~and complaints regarding our ~~control~~products and services. ~~These~~Customers ~~factors~~can ~~include~~make queries and file complaints via various channels such as phone calls, ~~but~~online ~~are~~written ~~not~~instant ~~limited~~messengers, ~~to:~~and emails.

·Returns ~~the announcement of new products or product enhancements by us or our competitors; · developments concerning intellectual property rights~~ and regulatory approvals relating to us; · quarterly variations in our results or the results of our competitors; · the ability or inability of us to generate sales; · developments in our industry and target markets; · the number of market makers who are willing to continue to make a market in our stock and the market or exchange on which they decide to make a market in our stock, which may, among other things, result in our stock being traded on the exchanges ~~that may be unattractive to investors such as “pink sheets”; and · general market conditions and other factors, including factors unrelated to our own operating performance.~~policies

18We ~~Table~~accept unconditional returns or exchanges within seven days of ~~Contents~~purchase. Merchandise with defects can be returned for exchange within 15 days of purchase. For customers with good credit, we provide “quick refund” service, that is, the customers are refunded as soon as they submit the return requests. If customers report defects more than 15 days after receipt but still within the warranty period, we will have defective goods repaired or take other appropriate action to compensate the customer, depending on the nature of the issue. We will generally pick up defective items for return or exchange at the customer’s address, provided that the return or exchange is requested within 15 days of receipt of the item and the address is within the area that is serviced by our employees or by one of the third-party couriers that have agreed to provide this service for us. Alternatively, customer can also mail the merchandise to one of our regional fulfillment centers or bring the product to the nearby pickup station. The same policies apply to products sold through our online marketplace.

In recent years, the stock market in general has experienced extreme price and volume fluctuations. Continued market fluctuations could result in extreme volatility in the price of shares of our common stock, which could cause a decline in the value of our shares. Price volatility may be accentuated if trading volume of our common stock is low. The volatility in our stock may be combined with low trading volume. Any or all of these above factors could adversely affect your ability to sell your shares or, if you are able to sell your shares, to sell your shares at a price that you determine to be fair or favorable.Supply

In our online direct sales business, we sourced products from over [287] suppliers in 2018. Procuring products on such a massive scale requires considerable expertise. We ~~are~~negotiate ~~dependent~~with ~~upon~~the ~~outside~~manufacturer ~~advisors~~or a higher-level distributor where possible in order to obtain the most favorable terms, even if we sign a contract with a lower-level distributor for operational reasons.

ToAs ~~supplement~~we ~~the~~increase ~~business~~in ~~experience~~scale ofin ~~its~~particular ~~officers~~product ~~and directors~~categories, ~~the~~we ~~Company~~expect ~~may~~to beincrease ~~required~~our todirect ~~employ~~purchases ~~accountants,~~from ~~technical~~manufacturers ~~experts~~and, ~~appraisers,~~where ~~attorneys~~appropriate, orto ~~other~~become ~~consultants~~an orauthorized ~~advisors~~reseller. ~~The~~We ~~selection~~believe ~~of any such advisors will be made by the Company's officers, without any input by shareholders. Furthermore, it is anticipated~~ that ~~such~~our ~~persons~~ability ~~may be engaged on an as needed basis without a continuing fiduciary or other obligation~~ to ~~the~~establish ~~Company.~~direct Inrelationships ~~the~~with ~~event~~manufacturers ~~the~~will ~~officers~~provide ofimproved ~~the~~product ~~Company~~pricing ~~consider~~and itaccess ~~necessary~~ to ~~hire outside advisors, he may elect~~ hard-to-get ~~hire persons who are affiliates, if those affiliates are able to provide the required services~~products.

We18 ~~may~~Table ~~issue additional shares~~ of ~~common stock or preferred stock in the future, which could cause significant dilution to all shareholders.~~Contents

We ~~have~~select asuppliers ~~large~~on ~~amount~~the basis of ~~authorized~~brand, ~~but~~reliability, ~~unissued~~volume ~~common~~and ~~stock~~price. ~~and~~They ~~preferred~~must ~~stock~~be ~~which~~able to meet our ~~Board~~demands for timely supply of ~~Directors~~authentic ~~may~~products ~~issue~~and ~~without~~also ~~shareholder~~provide ~~approval~~high quality post-sale customer service. We ~~will~~perform ~~need~~background ~~additional~~checks ~~capital~~on toeach ~~bring~~supplier ~~our~~and ~~operations~~the toproducts ait ~~sustainable~~provides ~~level~~before ~~over~~we enter into any agreement. We examine their business licenses and the ~~next~~qualification ~~twelve~~certificates ~~months~~for their products, and ~~may~~check ~~seek~~their ~~this~~brand ~~capital~~recognition inand make investigation about the ~~form~~market acceptance of ~~equity~~their ~~financing~~products among players in the same industry. We ~~may~~ also ~~seek~~conduct toon-site ~~raise~~visits ~~additional~~to ~~equity~~assess ~~capital~~and inverify ~~the~~their ~~future~~location, toscale ~~fund~~of business, ~~alliances~~production capacity, ~~develop~~property ~~new~~and ~~prototypes~~equipment, ~~and~~human ~~grow~~resources, ~~our~~research ~~services~~and development capability, ~~manufacturing~~quality control system and ~~sales~~fulfillment ~~capabilities~~capability. ~~organically~~Our orstandard ~~otherwise~~form contract requires suppliers to represent that their goods are authentic and from lawful sources and do not infringe upon lawful rights of third parties and to pay us liquidated damages for any breach. We normally enter into one-year framework agreements with our suppliers and renew them annually.

InIntellectual addition to additional issuances of our common stock or preferred stock in private placements or public offerings, we may issue shares as part or all of the consideration in any merger, acquisition, joint venture or other strategic alliance that we enter.Property

~~Any~~As ~~issuance~~ of ~~additional~~March ~~shares~~25, of2019, we held 89 trademark registration certificates and our ~~common~~consolidated ~~stock~~affiliated entity, Shenzhen Qianhai Lefu E-Commerce Co., Ltd., or ~~preferred~~Shenzhen ~~stock~~Lefu, ~~will~~a ~~dilute~~PRC ~~the~~corporation, ~~percentage~~is ~~ownership~~the ~~interest~~registrant of ~~all~~these ~~shareholders~~trademarks and ~~may~~has ~~dilute~~ the ~~book~~right ~~value~~to ~~per~~use ~~share~~these trademarks. We also hold 1 domain name registration certificate and another consolidated affiliated entity of ~~our~~ours, ~~common~~Shanghai ~~stock~~Lefu E-Commerce Co., Ltd., or Shanghai Lefu, a PRC corporation is the registrant of the domain name. There is a Trademark Licensing Agreement between Shanghai Lefu and ~~may~~Shenzhen ~~negatively~~Lefu, ~~impact~~under which Shanghai Lefu is the ~~market~~licensor ~~price~~and Shenzhen Lefu is the licensee of ~~our~~the ~~common~~trademark ~~stock~~“Lovego.”

19It ~~Table~~is often difficult to register, maintain and enforce intellectual property rights in China. Statutory laws and regulations are subject to judicial interpretation and enforcement and may not be applied consistently due to the lack of ~~Contents~~clear guidance on statutory interpretation. Confidentiality, invention assignment and non-compete agreements may be breached by counterparties, and there may not be adequate remedies available to us for any such breach. Accordingly, we may not be able to effectively protect our intellectual property rights or to enforce our contractual rights in China. Policing any unauthorized use of our intellectual property is difficult and costly and the steps we take may be inadequate to prevent the infringement or misappropriation of our intellectual property. In the event that we resort to litigation to enforce our intellectual property rights, such litigation could result in substantial costs and a diversion of our managerial and financial resources, and could put our intellectual property at risk of being invalidated or narrowed in scope. We can provide no assurance that we will prevail in such litigation, and even if we do prevail, we may not obtain a meaningful recovery. Imitation or counterfeiting of our products or other infringement of our intellectual property rights, including our trademarks, could diminish the value of our various brands or otherwise adversely affect our net revenues. Any failure in maintaining, protecting or enforcing our intellectual property rights could have a material adverse effect on our business, financial condition and results of operations.

~~We have not in the past and we do not currently intend to pay cash dividends on our common stock.~~Technology

WeTechnology ~~have~~is ~~never~~the ~~declared~~key orto ~~paid~~the ~~cash~~success ~~dividends~~of on our ~~common stock. We currently intend on retaining any~~ future ~~earnings~~business todevelopment ~~fund our operations~~ and ~~growth and do not expect to pay cash dividends in~~ the ~~foreseeable~~evolution ~~future~~ of ~~the~~our ~~common stock~~ecosystem. ~~Future~~Our ~~dividends,~~proprietary iftechnology ~~any,~~platform ~~will~~supports ~~be determined by~~ our ~~board~~rapidly ofgrowing ~~directors,~~processing ~~based~~capacity ~~upon our earnings~~requirements, ~~financial~~and ~~condition,~~provides ~~capital~~us ~~resources,~~with ~~capital~~detailed ~~requirements,~~and ~~charter~~accurate ~~restrictions,~~visibility ~~contractual restrictions,~~ and ~~such~~information ~~other~~based ~~factors~~on as our ~~board~~comprehensive ofoperating ~~directors~~data ~~deem~~from ~~relevant~~value chain.

~~Item~~As ~~1B.~~of ~~Unresolved~~March ~~Staff~~25, ~~Comments~~2019, we employed 9 research and development professionals to design, develop and operate our technology platform.

~~Not~~Key ~~applicable.~~components of our technology platform include:

~~Item~~Support 2.Different ~~Properties.~~Business Models to Enhance Operating Efficiency

~~The~~In ~~Company~~addition ~~currently~~to ~~maintains~~supporting atraditional ~~mailing~~e-commerce ~~address~~mode, atthe 26platform ~~Floor,~~can ~~One~~also ~~Harbour~~achieve ~~Square,~~online ~~181~~payment ~~Hoi~~and ~~Bun~~offline ~~Road,~~service ~~Kwun Tong~~mode, ~~Kowloon,~~which ~~Hong Kong. The Company's telephone number~~ is ~~+852~~more ~~2697~~flexible ~~7733. Other than this mailing address, the Company does not currently maintain any physical or other office facilities,~~ and ~~does~~more ~~not~~profitable ~~anticipate~~than ~~the need for maintaining office facilities at any time in the foreseeable future. The Company pays no rent or~~ other ~~fees~~traditional ~~for the use of the mailing address as this address is used virtually full~~e-~~time~~commerce ~~by activities of the Company's CEO~~systems.

ItProvide issynchronous ~~likely~~shopping ~~that~~App ~~the~~and ~~Company~~web ~~will~~mall not establish a physical office until it has completed a business acquisition transaction, but it is not possible to predict what arrangements will actually be made with respect to future office facilities.Lovego

~~Item~~The 3.synchronous ~~Legal~~web ~~Proceedings~~mall and APP shopping mall can excavate the E-Commerce market potential, to create more chances for Lovego to achieve higher sales revenue further to make more profit.

We19 ~~are~~Table ~~not involved in any pending legal proceeding nor are we aware~~ of ~~any pending or threatened litigation against us.~~Contents

~~Item~~Independent 4.background, ~~Mine~~separate ~~Safety Disclosures.~~transaction

~~Not~~It ~~applicable~~takes the form of separate background of buyers and sellers and independent management, so that both buyers and sellers have their own independent login background and can conduct order, payment, settlement and other operations according to their own needs.

20Our ~~Table~~Lovego ofmobile ~~Contents~~apps contain the following information and features:

~~PART II~~Browsing

~~Item~~All 5visitors to our platform can browse and view our promotion events, but a customer must register as a member for free in order to participate in the promotion events. ~~Market~~Our platform features a variety of different brands and products for ~~Registrant's~~each ~~Common~~regular ~~Equity~~promotion events. We sort our product offerings into different categories, ~~Related~~such ~~Stockholder~~as ~~Matters~~“women,” “men,” “children,” “outdoors,” “lifestyle,” and ~~Issuer~~“accessories” ~~Purchases~~so ofthat ~~Equity~~our ~~Securities~~customers can easily find the products they are interested in.

~~Market~~Comprehensive ~~Information~~product information

~~The~~Each ~~Company's~~product ~~stock~~page iscontains ~~quoted~~pictures, ondescriptions, and sometimes short videos of the ~~OTCQB~~product, ~~under~~the price, a pull-down menu to show whether the ~~ticker~~product ~~symbol~~is in stock at the customer’s location, ~~“LOVV.”~~customer Noreviews ~~public~~and ~~market~~ratings, ~~currently~~and ~~exists~~whether ~~for~~the ~~shares~~product will be delivered by us or by one of our ~~common~~third-party ~~stock~~sellers. Depending on the type of product, there will be additional information to help the customer make a purchase decision or recommendations to steer the customer towards additional products.

~~Holders~~Daily Sales Events

AsWe oflaunch ~~March~~new ~~29,~~sales ~~2018,~~events ~~the~~regularly ~~Company~~and ~~had~~typically 30last ~~stockholders~~for ofseveral ~~record~~days. ~~and~~Each ~~289,333,360~~sale ~~common~~item ~~shares~~is ~~issued~~available in limited quantities and ~~outstanding~~remains on sale only while supplies last.

~~Dividend Policy~~Ordering

To ~~date,~~order weproducts ~~have~~on ~~not~~our ~~paid~~platform, ~~nor~~our docustomers wesimply ~~intend~~click toon ~~pay~~a inbutton ~~the~~to ~~foreseeable~~add ~~future,~~an ~~dividends~~item onto ~~our~~their ~~common~~virtual ~~stock,~~shopping ~~even if we become profitable~~cart. ~~Earnings,~~To ifexecute ~~any~~orders, ~~are~~customers ~~expected~~click toon bethe ~~used~~“check-out” tobutton ~~advance our activities~~ and ~~for~~are ~~general~~prompted ~~corporate purposes, rather than~~ to ~~make~~supply ~~distributions~~shipping todetails ~~stockholders.~~and ~~Prospective~~payment ~~investors~~details ~~will likely need to rely on an increase~~ in the ~~price~~case of ~~Company~~first-time ~~stock~~customers tobuying ~~profit~~ from ~~his~~our ~~or her investment~~platform. ~~There~~Customers ~~are~~can noalways ~~guarantees~~access ~~that any market for~~ our ~~common~~customer ~~stock~~service ~~will~~representatives ~~ever~~online ~~develop~~ or ~~that~~by ~~the~~phone ~~price~~for ofassistance ~~our~~during ~~stock~~service ~~will~~time ~~ever~~while ~~increase.~~they ~~Prospective~~are ~~investors~~shopping ~~must~~online ~~be prepared to be unable to liquidate their investment and/~~or ~~lose~~after ~~their~~the ~~entire~~order ~~investment~~is placed.

~~Since~~Real-time weorder are not in a financial position to pay dividends on our common stock, and future dividends are not presently being contemplated, investors are advised that return on investment in our common stock is restricted to an appreciation in the share price. The potential or likelihood of an increase in share price is questionable at best.tracking

~~Equity~~Customers ~~Compensation~~can ~~Plan~~log ~~Information~~into their accounts to check the status of their orders. All packages in our system are given a unique identifier and their progress is updated each time they are handled by one of our warehouse or delivery personnel or one of our contracted third-party couriers.

~~We do not have in effect any compensation plans under which our equity securities are authorized for issuance and we do not have any outstanding stock options.~~Insurance

~~Recent~~We ~~Sales~~provide ofsocial ~~Unregistered~~security ~~Securities;~~insurance ~~Use~~including ofmedical ~~Proceeds~~insurance, ~~from~~maternity ~~Registered~~insurance, ~~Securities~~workplace injury insurance, unemployment insurance and pension benefits through a PRC government-mandated multi-employer defined contribution plan for our employees. We do not maintain business interruption insurance, nor do we maintain product liability insurance or key-man life insurance.

WeCorporate ~~did~~Social ~~not issue unregistered equity securities during the fiscal year ended December 31, 2017.~~Responsibility

~~Purchase~~We ofrecognize ~~Equity~~our ~~Securities~~responsibility byto bring improvements to society in which we live and work, and we believe strongly that our core values, including commitment to brands, customers, our employees and broader society are the ~~Issuer~~backbone that drives our decisions to build a healthy and ~~Affiliated~~vibrant ~~Purchasers~~ecosystem. Combined with an unrelenting focus on developing our technology capabilities to improve efficiency and service, we believe that we have laid the groundwork for many years of robust growth.

We ~~did~~are ~~not~~committed ~~purchase~~to ~~any~~leveraging ofour technology and relationships with consumers and suppliers to benefit society. We believe in putting our ~~shares~~business assets to use to build not only the future of ~~common~~retail, ~~stock~~but oralso ~~other~~a ~~securities~~better ~~during~~future ~~our~~for ~~fiscal~~all ~~year~~stakeholders. ~~ended~~Our ~~December~~social 31responsibilities include environment sustainability, ~~2017~~employee welfare and benefits, poverty alleviation and more.

2120 Table of Contents

~~Item~~Employee 6.Welfare ~~Selected~~and ~~Financial Data.~~Benefits

We have always striven to provide employees with full social benefits, diversified work environment and a wide range of career development opportunities. As of March 25, 2019, we had a ~~"smaller~~total ~~reporting~~of ~~company~~32 full-time employees," and we ~~are~~signed ~~not~~formal ~~required~~contracts towith ~~provide~~all ~~the~~of ~~information~~our ~~required~~employees byand ~~this~~provided ~~Item~~them with social benefits. We have invested significant resources in employee career development and training opportunities. For example, we established comprehensive training programs that cover topics such as corporate culture, employee rights and responsibilities, team-building, professional conduct, job performance, management skills, leadership and executive decision-making. We have a special training facility, Lefuhongde School of Chinese Classics, to further strengthen our internal training capabilities.

~~Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.~~Regulation

~~The~~Because ~~following discussion should be read in conjunction with~~ our ~~audited~~operating ~~financial~~subsidiaries ~~statements~~are ~~and~~located ~~the related notes that 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 ~~forward-looking statements. Factors that could cause or contribute to such differences include~~PRC, ~~but~~we are ~~not~~regulated ~~limited~~by ~~to,~~the ~~those~~national ~~discussed in "Item 1A—Risk Factors"~~ and ~~elsewhere~~local inlaws ~~this~~of ~~annual~~the ~~report on Form 10-K~~PRC. ~~Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.~~

~~Corporate~~Our ~~Overview~~business is subject to governmental supervision and regulation by the relevant PRC governmental authorities, including the Ministry of Commerce, China food and drug administration, and the Ministry of Industry and Information Technology, or MIIT. Together, these government authorities promulgate and enforce regulations that cover many aspects of the operation of online retailing and distribution of upscale products, including entry into these industries, the scope of permissible business activities, licenses and permits for various business activities, and foreign investment.

~~Since~~We ~~May~~are ~~18,~~also ~~2016,~~subject ~~Love~~to ~~International~~the ~~Group,~~PRC’s ~~Inc.~~foreign ~~(formerly~~currency ~~known~~regulations. asThe ~~Quintec~~PRC ~~Corp.)~~government ~~(the~~has ~~"Company,"~~controlled ~~“we,”~~Renminbi ~~“us”~~reserves orprimarily ~~“our”)~~through ~~has~~direct ~~shifted~~regulation ~~its~~of ~~business~~the ~~focus~~conversion ~~from~~of ~~developing~~Renminbi ~~and~~into ~~launching~~other anforeign ~~online,~~currencies. ~~cross-border~~Although ~~e-commerce~~foreign ~~platform~~currencies, towhich ~~promote~~are ~~and~~required ~~market~~for ~~worldwide~~“current ~~premium~~account” ~~specialties~~transactions, ~~and~~can ~~other~~be ~~well-known~~bought ~~branded~~freely ~~products~~at ~~with~~authorized ~~highly~~PRC ~~comparable~~banks, ~~discount~~the ~~pricing~~proper toprocedural ~~developing~~requirements ~~and~~prescribed ~~launching~~by anPRC ~~online~~law ~~platform~~must tobe ~~promote~~met. ~~cheap~~At ~~airline~~the ~~tickets~~same ~~and~~time, ~~hotels~~PRC ascompanies ~~well~~are asalso ~~developing~~required ~~and~~to ~~launching~~sell atheir ~~"Do-It-Yourself"~~foreign ~~("DIY")~~exchange ~~system~~earnings ~~for~~to ~~the~~authorized ~~Company's~~PRC ~~customers~~banks toand ~~put~~the ~~together~~purchase aof ~~trip~~foreign ~~with~~currencies ~~exotic~~for ~~activities~~capital ~~such~~account astransactions ~~hunting,~~still ~~flying~~requires aprior ~~plane,~~approval orof ~~even~~the ~~piloting~~PRC ~~a submarine~~government.

~~Business~~There ~~Strategy~~are substantial uncertainties regarding the interpretation and application of existing or proposed PRC laws and regulations. We cannot assure you that the PRC regulatory authorities would find that our corporate structure and our business operations comply with PRC laws and regulations. If the PRC government finds us to be in violation of PRC laws and regulations, we may be required to pay fines and penalties, obtain certain licenses, approvals, or permits and change, suspend or discontinue our business operations until we comply with applicable laws.

~~The~~Regulations ~~Company~~Relating ~~is currently developing and launching the online platform~~ to promote cheap airline tickets and hotels as well as developing and launching the DIY system. The Company anticipates the prices of the airline tickets and hotel rooms promoted on its online platform will be priced competitively, if not lower, than the marketplace as the Company plans on partnering with some of the airlines and big airline ticket wholesalers. As for the DIY system, the Company anticipates gaining market share based on the originality and specialty of the travel activities to be offered on the Company's online platform through local travel companies and/or travel specialists that the Company is going to partner with.E-Commerce

~~The~~China’s ~~Company~~e-commerce ~~does~~industry ~~not~~is ~~yet~~at ~~have~~a ~~any~~relatively ~~operations~~early stage of development and there are few PRC laws or regulations specifically regulating the ~~development~~e-commerce industry. In May 2010, the State Administration of ~~its~~Industry ~~business~~and isCommerce ~~speculative.~~adopted ~~The~~the ~~Company~~Interim ~~will~~Measures ~~require~~for ~~additional~~the ~~financing~~Administration of Online Commodities Trading and Relevant Services, ~~either~~which ~~through~~took aeffective ~~stock~~in ~~offering~~July 2010. Under these measures, enterprises or ~~standard~~other oroperators ~~convertible~~which ~~debt.~~engage ~~Until~~in online commodities trading and ~~unless~~other services and have been registered with the ~~Company~~State isAdministration ~~able~~of toIndustry ~~secure~~and ~~adequate~~Commerce ~~financing,~~or its local branches must make the information stated in their business ~~development~~license ~~will~~available to the public or provide a link to their business license on their website. Online distributors must adopt measures to ensure safe online transactions, protect online shoppers’ rights and prevent the sale of counterfeit goods. Information on products and transactions released by online distributors must be ~~curtailed~~authentic, accurate, complete and sufficient.

~~Results~~In January 2014, the State Administration of ~~Operations~~Industry and Commerce promulgated the Administrative Measures for Online Trading, which terminated the above interim measures and became effective in March 2014. The Administrative Measures for Online Trading further strengthen the protection of consumers and impose more stringent requirements and obligations on online business operators and third-party online marketplace operators. For example, online business operators are required to issue invoices to consumers for online products and services. Consumers are generally entitled to return products purchased from online business operators within seven days upon receipt, without giving any reason. Online business operators and third-party online marketplace operators are prohibited from collecting any information on consumers and business operators, or disclosing, selling or providing any such information to any third party, or sending commercial electronic messages to consumers, without their consent. Fictitious transactions, deletion of adverse comments and technical attacks on competitors’ websites are prohibited as well.

~~Years~~21 ~~Ended~~Table ~~December~~of ~~31, 2017 and 2016~~Contents

~~The~~In ~~following~~March ~~table~~2016, ~~provides~~the ~~selected~~State ~~financial~~Administration ~~data~~of ~~about~~Taxation, ~~our~~the ~~company~~Ministry asof Finance and the General Administration of ~~December~~Customs 31jointly issued the Circular on Tax Policy for Cross-Border E-commerce Retail Imports, ~~2017~~which ~~and~~took effect in April 2016. Pursuant to this circular, goods imported through the cross-border e-commerce retail are subject to tariff, import value-added tax, or VAT, and consumption tax based on the types of goods. Individuals purchasing any goods imported through cross-border e-commerce retail are taxpayers, and e-commerce companies, companies operating e-commerce transaction platforms or logistic companies are required to withhold the taxes.

Balance Sheet Data	December 31,2017			December 31,2016
Cash and Cash Equivalents	$	-		$	-
Prepaid Expenses		20,000			25,000
Total Assets		20,000			25,000
Total Current Liabilities		144,822			105,167
Stockholders’ Deficit	$	(124,822	)	$	(80,167	)

On August 31, 2018, The E-Commerce Law of the People’s Republic of China has been adopted and issued, and shall come into force as of January 1, 2019. Under this law, more obligations and requirements are imposed to E-commerce platform operators, which means more protections to business operators and consumers. For example, E-commerce platform operators shall adhere to the principles of transparency, fairness and equitableness, formulate platform service agreement and transaction rules, and specify the rights and obligations pertaining to accessing and exiting the platform, quality assurance for goods and services, consumer rights protection, protection of personal information etc. To be specific, unreasonable restrictions or unreasonable conditions shall not be imposed on transactions of the business operators on the platform, nor shall unreasonable fees be collected from those business operators. Furthermore, for goods or services which relate to life and health or consumers, an e-commerce platform operator shall bear the corresponding liability, where it fails to perform the obligation of verifying the qualification of the business operator using the platform, or fails to perform the safety assurance obligation towards consumers, causing consumers to suffer damages.

22We ~~Table~~are subject to these measures as a result of ~~Contents~~our online direct sales.

~~The~~Regulations ~~following~~Relating ~~summary~~to ofProduct ~~our~~Quality ~~results~~and ofConsumer ~~operations should be read in conjunction with our financial statements, as included in this Annual Report on Form 10-K.~~Protection

	Year Ended December 31, 2017			Year Ended December 31, 2016
REVENUES	$	-		$	--
EXPENSES
General and administrative		205			834
Professional fees		44,450			50,375
Total Expenses		44,655			51,209
Loss before income taxes		(44,655	)		(51,209	)
Income tax		-			--
NET LOSS	$	(44,655	)	$	(51,209	)

The Product Quality Law applies to all production and sale activities in China. Pursuant to this law, products offered for sale must satisfy relevant quality and safety standards. Enterprises may not produce or sell counterfeit products in any fashion, including forging brand labels or giving false information regarding a product’s manufacturer. Violations of state or industrial standards for health and safety and any other related violations may result in civil liabilities and administrative penalties, such as compensation for damages, fines, suspension or shutdown of business, as well as confiscation of products illegally produced and sold and the proceeds from such sales. Severe violations may subject the responsible individual or enterprise to criminal liabilities. Where a defective product causes physical injury to a person or damage to another person’s property, the victim may claim compensation from the manufacturer or from the seller of the product. If the seller pays compensation and it is the manufacturer that should bear the liability, the seller has a right of recourse against the manufacturer. Similarly, if the manufacturer pays compensation and it is the seller that should bear the liability, the manufacturer has a right of recourse against the seller.

~~Revenue~~The Consumer Protection Law sets out the obligations of business operators and the rights and interests of the consumers in China. Pursuant to this law, business operators must guarantee that the commodities they sell satisfy the requirements for personal or property safety, provide consumers with authentic information about the commodities, and guarantee the quality, function, usage and term of validity of the commodities. Failure to comply with the Consumer Protection Law may subject business operators to civil liabilities such as refunding purchase prices, replacement of commodities, repairing, ceasing damages, compensation, and restoring reputation, and even subject the business operators or the responsible individuals to criminal penalties when personal damages are involved or if the circumstances are severe. The Consumer Protection Law was further amended in October 2013 and became effective in March 2014. The amended Consumer Protection Law further strengthen the protection of consumers and impose more stringent requirements and obligations on business operators, especially on the business operators through the internet. For example, the consumers are entitled to return the goods (except for certain specific goods, such as custom-made goods, fresh and perishable goods, digital products (e.g. audio-visual products, computer software downloaded online or unpacked by the consumer), newspapers and periodicals delivered and other goods for which non-return of goods is confirmed by the consumer at the time of purchase based on the characteristics of the goods,) within seven days upon receipt without any reasons when they purchase the goods from business operators on the internet. The consumers whose interests have been damaged due to their purchase of goods or acceptance of services on online marketplace platforms may claim damages from sellers or service providers.

We22 ~~have~~Table ~~generated~~of ~~no revenues during the years ended December 31, 2017 and 2016.~~Contents

~~Expenses~~Regulations Relating to Pricing

~~Operating~~In ~~expenses~~China, ~~for~~the prices of a very small number of products and services are guided or fixed by the ~~year~~government. ~~ended~~According ~~December~~to 31the Pricing Law, ~~2017~~business ~~were~~operators ~~$44~~must,~~655,~~ ~~decreasing~~as required by ~~$6,554~~the ~~from~~government ~~$51~~departments in charge of pricing,~~209~~ ~~for~~mark the ~~year~~prices ~~ended~~explicitly ~~December~~and 31indicate the name, ~~2016~~origin of production, specifications, and other related particulars clearly. ~~The~~Business ~~decrease~~operators inmay ~~expenses~~not ~~was~~sell ~~attributed~~products toat ~~decreased~~a ~~professional~~premium or charge any fees ~~related~~that toare ~~ongoing~~not ~~regulatory~~explicitly ~~costs~~indicated. ~~Our~~Business ~~professional~~operators ~~fees,~~must ~~consisting~~not ofcommit ~~legal~~the specified unlawful pricing activities, ~~audit~~such as colluding with others to manipulate the market price, ~~accounting~~using ~~and~~false ~~transfer~~or ~~agent~~misleading ~~fees~~prices to deceive consumers to transact, ~~for~~or conducting price discrimination against other business operators. Failure to comply with the ~~year~~Pricing ~~ended~~Law ~~December~~may 31subject business operators to administrative sanctions such as warning, ~~2017~~ceasing ~~was~~unlawful ~~$44~~activities,~~450~~ compensation, ~~decreasing~~confiscating byillegal $5gains,~~925~~ ~~from~~fines. ~~$50,375~~The business operators may be ordered to suspend business for rectification, or have their business licenses revoked if the ~~year~~circumstances ~~ended~~are ~~December~~severe. ~~31,~~We ~~2016~~are subject to the Pricing Law as an online retailer and believe that our pricing activities are currently in compliance with the law in all material aspects.

~~Net~~Regulations ~~Loss~~Relating to Employment

AsThe Labor Contract Law and its implementation rules provide requirements concerning employment contracts between an employer and its employees. If an employer fails to enter into a ~~result~~written ofemployment contract with an employee within one year from the ~~foregoing~~date on which the employment relationship is established, ~~our~~the ~~net~~employer ~~loss~~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 ~~year~~period ~~ended~~from ~~December~~the 31day 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. The Labor Contract Law and its implementation rules also require compensation to be paid upon certain terminations, ~~2017~~which ~~was~~significantly ~~$44~~affects the cost of reducing workforce for employers. In addition,~~655,~~ ~~decreasing~~if byan $6employer intends to enforce a non-compete provision with an employee in an employment contract or non-competition agreement,~~554~~ ~~from~~it has to compensate the employee on a ~~net~~monthly ~~loss~~basis during the term of ~~$51,209~~the ~~for~~restriction period after the ~~year~~termination ~~ended~~or ~~December~~ending ~~31,~~of ~~2016~~the labor contract. Employers in most cases are also required to provide a severance payment to their employees after their employment relationships are terminated.

~~Liquidity~~Enterprises in China are required by PRC laws and ~~Capital~~regulations ~~Resources~~to participate in certain employee benefit plans, including social insurance funds, namely a pension 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. According to the Social Insurance Law, an employer that fails to make social insurance contributions may be ordered to pay the required contributions within a stipulated deadline and be subject to a late fee. If the employer still fails to rectify the failure to make social insurance contributions within the stipulated deadline, it may be subject to a fine ranging from one to three times the amount overdue. According to the Regulations on Management of Housing Fund, an enterprise that fails to make housing fund contributions may be ordered to rectify the noncompliance and pay the required contributions within a stipulated deadline; otherwise, an application may be made to a local court for compulsory enforcement.

To date we are still preparing to launch our principal plan of operations. Thus we have minimal business and our expenses have been primarily for professional fees related to our past registration statement and ongoing regulatory expenses.Employees

WeAs ~~anticipate~~of March 25, 2019, we ~~will~~employed ~~need~~a ~~$60,000~~total toof ~~fund~~32 ~~the~~full-time ~~next~~employees 12and ~~months~~had of2 ~~our~~part-time ~~operations~~employees. ~~Currently~~The wefollowing dotable ~~not~~sets ~~have~~forth ~~sufficient~~the ~~capital~~number toof ~~fund~~ our ~~operations~~employees ~~and~~by ~~business~~function ~~development~~as ~~for~~of ~~the~~March ~~next~~25, ~~12 months~~2019.

Management intends to raise additional funds through public or private placement offerings. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to us.

Function:
Sales and marketing			7
Fulfillment			7
Technology development			9
Management and administration			11
Total			34

We23 ~~had~~Table ~~no material commitments for capital expenditures as~~ of ~~December 31, 2017.~~Contents

WeAs ~~have~~required noby ~~known~~applicable ~~demands~~PRC ~~or commitments~~law, ~~and~~ we ~~are~~have ~~not~~entered ~~aware~~into employment contracts with all of ~~any~~our ~~events~~officers, ormanagers ~~uncertainties~~and asemployees. ofOur ~~December~~employees ~~31,~~are ~~2017~~not ~~that~~represented ~~will~~by ~~result~~a inlabor organization or ~~that~~covered ~~are~~by ~~reasonably~~a ~~likely~~collective tobargaining ~~materially~~agreement. ~~increase~~We orhave ~~decrease~~not ~~our~~experienced ~~current~~any ~~liquidity~~work stoppages.

23We ~~Table~~are required under PRC law to make contributions to the employee benefit plans at specified percentages of ~~Contents~~the after-tax profit. In addition, we are required by the PRC law to cover employees in China with various types of social insurance. We believe that we are in material compliance with the relevant PRC laws.

~~Working~~Our ~~Capital~~Corporate Information

	December 31,						(Decrease)/
	2017			2016			Increase
Current Assets	$	20,000		$	25,000		$	(5,000	)
Current Liabilities		144,822			105,167			39,655
Working Capital (Deficiency)	$	(124,822	)	$	(80,167	)	$	44,655

We were incorporated as a Nevada corporation on May 23, 2013 under the name Quintec Corp.. Our name changed to our current name, Love International Group, Inc., on February 1, 2016. Our principal executive offices are located at Room 161, 2nd Floor, No. 12 Building, 1154 Kangqiao Road, Pu Dong New District, Shanghai, China and our telephone number is +86 021 23563330.

~~Cash~~Available ~~Flows~~Information

	For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
Cash Used in Operating Activities	$	(31,994	)	$	(85,818	)
Cash Provided by Financing Activities		31,994			85,668
Net Decrease in Cash in the year	$	-		$	(150	)

Our website address is http://www.lovego.com/. The contents of, or information accessible through, our website are not part of this Annual Report on Form 10-K, and our website address is included in this document as an inactive textual reference only. We make our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports, available free of charge on our website as soon as reasonably practicable after we file such reports with, or furnish such reports to, the SEC. The public may read and copy the materials we file 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. Additionally, the SEC maintains an internet site that contains reports, proxy and information statements and other information. The address of the SEC’s website is www.sec.gov. The information contained in the SEC’s website is not intended to be a part of this filing.

~~Cash~~ITEM ~~and cash equivalents as of December 31, 2017 and 2016 were $0~~1A. ~~Total~~RISK ~~assets as of December 31, 2017 were $20,000, decreasing by $5,000 from $25,000 as of December 31, 2016. Decrease in total assets was primarily due to utilization of prepayments in 2017.~~FACTORS

~~Total~~An ~~current~~investment ~~liabilities~~in asour common stock involves a high degree of ~~December~~risk. 31You should carefully consider the following risk factors and the other information in this Annual Report on Form 10-K before investing in our common stock. Our business and results of operations could be seriously harmed by any of the following risks. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, ~~2017~~financial ~~was~~condition ~~$144~~and/or operating results. If any of the following events occur,~~822~~ our business, ~~increasing~~financial bycondition ~~$39,655~~and ~~from~~results ~~$105~~of operations could be materially adversely affected. In such case,~~167~~ asthe value and trading price of ~~December~~our 31common stock could decline, ~~2016~~and you may lose all or part of your investment.

As24 atTable ~~December 31, 2017, our company had a working capital deficiency~~ of $124,822, compared with a working capital deficiency of $80,167 as at December 31, 2016. The increase in working capital deficiency was primarily due to the costs associated with ongoing regulatory requirements.Contents

~~Cash~~Risks ~~Flow~~Related ~~from~~to ~~Operating~~Our ~~Activities~~Business

~~During~~Any ~~the~~harm ~~years~~to ~~ended~~our ~~December~~Lovego ~~31,~~brand ~~2017~~or ~~and 2016,~~ our ~~company~~reputation ~~used~~may ~~$31,994~~materially and ~~$85,818~~adversely inaffect ~~cash~~our ~~from~~business ~~operating~~and ~~activities,~~results ~~respectively. The decrease in cash used in operating activities was attributed to decrease~~ of ~~professional fees related to ongoing regulatory requirements~~operations.

~~Cash~~We ~~Flow~~believe ~~from~~that ~~Investing~~the ~~Activities~~recognition and reputation of our Lovego brand among our customers, suppliers and third-party merchants have contributed significantly to the growth and success of our business. Maintaining and enhancing the recognition and reputation of our brand are critical to our business and market position. Many factors, some of which are beyond our control, are important to maintaining and enhancing our brand. These factors include our ability to:

We· ~~did~~maintain ~~not~~the ~~use~~popularity, orquality ~~generate~~and ~~any~~authenticity ~~funds~~of ~~for~~the ~~investing~~products we offer; · provide a superior online shopping experience to customers; · increase brand awareness through various means of marketing and promotional activities; ~~during~~· maintain the ~~years~~efficiency, ~~ended~~reliability ~~December~~and 31quality of our fulfillment and delivery services; · maintain and improve customers’ satisfaction with our after-sales services; · preserve and enhance our reputation and goodwill generally and in the event of any negative publicity on product quality or authenticity, ~~2017~~customer service, internet security, or other issues affecting us or other online retailers in China; and ~~2016~~· maintain our cooperative relationships with quality suppliers, third-party merchants and other service providers.

~~Cash~~We ~~Flow~~face ~~from~~intense ~~Financing~~competition, ~~Activities~~and if we fail to compete effectively, we may lose market share and customers.

~~During~~China’s retail market is fragmented and highly competitive. We face competition from traditional retailers as well as e-commerce platform companies, such as JD.com, Inc., which operates JD.com, and Vipshop Holdings Limited, which operates VIP.com and Lefeng.com. Our current or future competitors may have longer operating histories, greater brand recognition, better supplier relationships, larger customer bases, more cost-effective fulfillment capabilities or greater financial, technical or marketing resources than we do. Competitors may leverage their brand recognition, experience and resources to compete with us in a variety of ways, including investing more heavily in research and development and making acquisitions for the ~~years~~expansion ~~ended~~of ~~December~~their 31products and services. Some of our competitors may be able to secure more favorable terms from suppliers, ~~2017~~devote greater resources to marketing and ~~2016~~promotional campaigns, adopt more aggressive pricing or inventory policies and devote substantially more resources to their website and system development than us. In addition, new and enhanced technologies may increase the ~~Company~~competition ~~received~~in ~~$31~~the online retail market. Increased competition may reduce our profitability,~~994~~ market share, customer base and ~~$85~~brand recognition. There can be no assurance that we will be able to compete successfully against current or future competitors,~~668~~ ~~from~~and ~~advances~~such ~~from~~competitive ~~related~~pressures ~~party~~may have a material and adverse effect on our business, ~~respectively~~financial condition and results of operations.

~~Going~~Our ~~Concern~~operating results may fluctuate significantly from year to year, we cannot be certain that we will achieve or maintain profitability in the future.

WeOur ~~had~~operating aresults ~~working~~historically ~~capital~~have ~~deficiency~~been ~~and~~difficult ~~accumulated deficit from recurring net losses as of December 31, 2017. These factors raise substantial doubts about our ability~~ to ~~continue~~predict asand ahave ~~going~~at ~~concern.~~times Wesignificantly ~~plan~~fluctuated ~~to raise additional funds through financing, either though financing~~ from ~~our~~year ~~shareholders or related parties, a stock offering, or standard or convertible debt, in the future~~ to ~~meet~~year ~~our~~due ~~daily cash demands if required. However, there can be no assurance that we will be successful in obtaining further financing on terms acceptable~~ to ~~us. The accompanying financial statements have been prepared assuming we will continue to operate as~~ a ~~going~~variety ~~concern, which contemplates the realization~~ of ~~assets~~factors, ~~and~~many ~~the settlement~~ of ~~liabilities~~which inare ~~the~~outside ~~normal course~~ of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to our ~~ability to continue as a going concern~~control.

24Our ~~Table~~operating ofexpenses ~~Contents~~do not always vary directly with revenue and may be difficult to adjust in the short term. As a result, if revenue for a particular year or quarter is below our expectations, we may not be able to proportionately reduce operating expenses for that period, and therefore such a revenue shortfall would have a disproportionate effect on our operating results for that period.

~~Off-Balance~~25 ~~Sheet~~Table ~~Arrangements~~of Contents

We ~~do not~~ have ~~any~~limited ~~off-balance~~experience ~~sheet~~and ~~arrangements~~operating ~~that~~history ~~have~~in orour ~~are~~new ~~reasonably~~product ~~likely~~categories, towhich ~~have~~makes apredicting ~~current~~our or future ~~effect~~results onof ~~our~~operations ~~financial~~more ~~condition,~~difficult ~~changes~~than init ~~financial~~otherwise ~~condition,~~would ~~revenues~~be. ~~or expenses~~Therefore, our past results of operations should not be taken as indicative of our future performance. If we cannot successfully address new challenges and compete effectively, ~~liquidity~~we may not be able to recover costs of our investments, ~~capital~~and ~~expenditures~~our orfuture ~~capital~~results ~~resources~~of ~~that~~operations isand ~~material~~growth toprospects ~~investors~~may be materially and adversely affected.

~~Limited~~We ~~Operating~~may ~~History;~~incur ~~Need~~liability for ~~Additional~~products ~~Capital~~sold on our internet platform.

~~There~~We ismay noincur ~~historical~~liability ~~financial~~for ~~information~~products ~~about~~sold us on ~~which~~our internet platform that are without or have yet to ~~base~~receive anproper ~~evaluation~~authorization, ofor for products sold or content posted on our ~~performance.~~internet Weplatform ~~have~~that ~~generated~~infringe noon ~~revenues~~third-party ~~from~~intellectual ~~operations~~property ~~since~~rights, or for products sold on our ~~inception.~~internet Weplatform ~~cannot~~that ~~guarantee~~fail weto ~~will~~comply bewith ~~successful~~cosmetics-related inpermits ~~our~~or ~~business~~filing ~~operations~~requirements. ~~Our~~Although ~~business~~we ishave ~~subject~~adopted measures to ~~risks~~verify ~~inherent in~~ the ~~establishment~~authorization of aproducts ~~new~~sold ~~business~~through ~~enterprise,~~us ~~including~~and ~~limited~~avoid ~~capital~~potential ~~resources,~~infringement ~~possible~~of ~~delays~~third-party intellectual property rights in ~~developing~~the ~~our~~course ~~website,~~of sourcing and ~~possible~~selling ~~cost~~products, ~~overruns~~we ~~due~~may tonot ~~the~~be ~~price~~successful ~~and~~in ~~cost~~ensuring ~~increases~~all inproducts ~~supplies~~sold ~~and~~on ~~services~~our platform have proper authorization.

AtWe ~~present~~have sold certain branded products that were procured by our suppliers or third-party merchants from overseas and domestic markets that are without or have yet to receive proper authorization and as a result, weour dorelationships ~~not~~with brand owners may be adversely affected. Although our suppliers and third-party merchants are responsible for sourcing products to be sold on our internet platform and allegations and claims have ~~enough~~not ~~cash~~had material adverse impact on ~~hand~~our business in the past, we might be required to ~~cover~~allocate ~~operating~~significant ~~costs~~resources ~~for~~and incur material expenses regarding such claims in the ~~next~~future. 12If ~~months~~there is a successful claim against us, we might be required to pay substantial damages or refrain from further sale of the relevant products. Regardless of whether we successfully defend against such claims, we could suffer negative publicity and our reputation could be severely damaged. Any of these events could have a material and adverse effect on our business, results of operations or financial condition.

IfFurthermore, although as an online distributor we are ~~unable~~not required to ~~meet~~obtain ~~our~~customs ~~needs~~clearance or other specific cosmetics-related permits, we are required under the relevant PRC laws to check whether importers have obtained the requisite import related permits or filings and whether the products have passed the quality inspection before they are sold and distributed in the China market. In the past, for ~~cash~~products imported from ~~either~~outside ~~our~~of ~~operations~~the PRC, we had requested our suppliers and third-party merchants to provide the relevant import permits or ~~possible~~filings. ~~alternative~~To ~~sources~~reduce any legal risks that we may be exposed to, ~~then~~we have adopted internal policy and procedures to periodically check import permits or filings as well as import tariff payments of our suppliers and third-party merchants. If any of our suppliers or third-party merchants has evaded import tariffs or fails to obtain clearance from the customs or inspection and quarantine bureaus and sold such imported products to us or on our internet platform, we may be ~~unable~~subject to ~~continue~~fines, ~~develop~~suspension of business, oras ~~expand~~well ~~our~~as ~~operations~~confiscation of products illegally sold and the proceeds from such sales, depending on the nature and gravity of such liabilities.

~~Critical~~Under ~~Accounting~~our ~~Policies~~standard form agreements, we require suppliers or third-party merchants to indemnify us for any losses we suffer or any costs that we incur due to any products we source from these suppliers or any products sold by these third-party merchants. However, not all of our agreements with suppliers and ~~Estimates~~third-party merchants have such terms, and for those agreements that have such terms, we may not be able to successfully enforce our contractual rights and may need to initiate costly and lengthy legal proceedings in China to protect our rights. Enforcing our contractual rights under those agreements will incur significant costs and efforts and will divert our management’s attention from day-to-day operations.

We26 ~~prepare~~Table ~~our~~of financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our financial statements.Contents

~~While~~If we ~~believe~~are ~~that~~unable ~~the~~to ~~historical~~provide ~~experience,~~high ~~current~~quality ~~trends~~customer ~~and~~experience, ~~other factors considered support the preparation of~~ our ~~financial~~business ~~statements~~and inreputation ~~conformity~~may ~~with~~be ~~GAAP,~~materially ~~actual results could differ from our estimates~~ and ~~such~~adversely ~~differences could be material~~affected.

~~Our~~The ~~significant~~success ~~accounting~~of ~~policies~~our ~~are~~business ~~discussed~~largely independs ~~Note~~on 2our ability to provide high quality customer experience, ~~Significant~~which ~~Accounting~~in ~~Policies~~turn depends on a variety of factors. These factors include our ability to continue to offer authentic products at competitive prices, source products to ~~Financial~~respond ~~Statements~~to customer demands and preferences, ~~included~~maintain inthe ~~Item~~quality 8of our products and services, ~~Financial~~provide ~~Statements~~reliable and ~~Supplementary~~user-friendly ~~Data~~website interface and mobile applications for our customers to browse and purchase products, ofand ~~this~~provide ~~Annual~~timely ~~Report~~and onreliable ~~Form~~delivery 10and superior after-Ksales service. ~~The~~If ~~following~~our ~~critical~~customers ~~accounting~~are ~~policies~~not ~~affect~~satisfied ~~the~~with ~~more~~our ~~significant~~products ~~judgments~~or ~~and~~services, ~~estimates~~or ~~used~~the inprices at which we offer the ~~preparation~~products, ofor our ~~financial~~internet ~~statements~~platform is severely interrupted or otherwise fail to meet our customers’ requests, our reputation and customer loyalty could be adversely affected.

~~Foreign~~We ~~Currency~~rely ~~Transactions~~on contracted third-party delivery service providers to deliver our products. Interruptions to or failures in the delivery services could prevent the timely or successful delivery of our products. These interruptions or failures may be due to unforeseen events that are beyond our control or the control of our third-party delivery service providers, such as inclement weather, natural disasters or labor unrest. If our products are not delivered on time or are delivered in a damaged state, customers may refuse to accept our products and have less confidence in our services. Furthermore, the delivery personnel of contracted third-party delivery service providers act on our behalf and interact with our customers personally. Any failure to provide high-quality delivery services to our customers may negatively impact the shopping experience of our customers, damage our reputation and cause us to lose customers.

~~The~~In ~~reporting~~addition, ~~currency~~we ofdepend ~~the~~on ~~Company~~our iscustomer ~~the~~service ~~United~~center ~~States~~and ~~dollar~~online ~~(“U.S.~~customer ~~Dollars”)~~service representatives to provide live assistance to our customers. ~~The~~If ~~financial~~our ~~records~~customer ofservice ~~the~~representatives ~~Company~~fail to provide satisfactory service, or if waiting times are ~~maintained~~too inlong Udue to the high volume of calls from customers at peak times, our brand and customer loyalty may be adversely affected.S. ~~Dollars~~In addition, ~~which~~any isnegative ~~the~~publicity ~~functional~~or ~~currency~~poor feedback regarding our customer service may harm our brand and reputation and in turn cause us to lose customers and market share.

~~Monetary~~As ~~assets~~a ~~and~~result, ~~liabilities~~if ~~denominated~~we ~~in currencies other than U.S. Dollars~~ are ~~translated~~unable ~~into~~to ~~the~~continue ~~functional~~to ~~currency~~maintain atour ~~the~~customer ~~prevailing~~experience ~~rates of exchange at the balance sheet date. Nonmonetary assets~~ and ~~liabilities~~provide ~~are~~high ~~re-measured~~quality ~~into~~customer ~~U.S.~~service, ~~Dollars~~we atmay ~~historical~~not ~~exchange~~be ~~rates.~~able ~~Transactions~~to inretain ~~currencies~~existing ~~other~~customers ~~than~~or ~~U.S.~~attract ~~Dollars~~new ~~during~~customers, ~~the~~which ~~period~~could ~~are~~have ~~converted~~a ~~into~~material ~~U.S.~~adverse ~~Dollars~~effect aton ~~the~~our ~~applicable~~business, ~~rates~~financial ofcondition ~~exchange prevailing at the transaction dates. Transaction gains~~ and ~~losses~~results ~~are recognized in the statements~~ of operations.

~~Item~~If ~~7A.~~we ~~Quantitative~~are unable to offer products at attractive prices to meet customer needs and ~~Qualitative~~preferences, ~~Disclosures~~our ~~About~~business, ~~Market~~financial ~~Risk~~condition and results of operations may be materially and adversely affected.

AsOur afuture ~~"smaller~~growth ~~reporting~~depends ~~company",~~on our ability to continue attracting new customers and increasing the spending level of our existing customers. Constantly changing consumer preferences have affected and will continue to affect the online retail industry. We must stay abreast of emerging lifestyle and consumer preferences and anticipate product trends that will appeal to existing and potential customers. Our customers choose to purchase authentic and quality products on our internet platform due in part to the attractive prices that we ~~are~~offer, ~~not~~and ~~required~~they may choose to ~~provide~~shop elsewhere if we cannot match the ~~information~~prices ~~required~~offered by ~~this~~other ~~Item~~online retailers or by physical stores. If our customers cannot find their desired products within our product portfolio at attractive prices, they may lose interest in us and visit our internet platform less frequently or even stop visiting our internet platform altogether, which in turn may materially and adversely affect our business, financial condition and results of operations.

~~Item~~If 8.we ~~Financial~~fail ~~Statements~~to manage and ~~Supplementary~~expand ~~Data~~our relationships with suppliers and third-party merchants, or otherwise fail to procure products at favorable terms, our business and growth prospects may suffer.

~~See~~Our ~~Index~~suppliers toand ~~Financial~~third-party ~~Statements~~merchants include brand owners, brand distributors, resellers and ~~Financial~~suppliers ~~Statement~~of ~~Schedules~~our ~~appearing~~exclusive onproducts. ~~pages~~Maintaining ~~F-1~~strong ~~through~~relationships Fwith these suppliers and third-12party ofmerchants ~~this~~is ~~Annual~~important ~~Report~~to onthe ~~Form~~growth ~~10-K~~of our business.

~~Item~~27 9.Table ~~Changes~~of ~~in and Disagreements with Accountants on Accounting and Financial Disclosure.~~Contents

~~None~~In particular, we depend significantly on our ability to procure products from suppliers on favorable pricing terms and attract third-party merchants to offer their products on commercially attractive terms. However, our agreements do not ensure the long-term availability of products or the continuation of particular pricing practices or payment terms beyond the end of the contractual term. Other than for exclusive products, our agreements with suppliers and third-party merchants typically do not restrict them from selling products to other buyers. We cannot assure you that our current suppliers and third-party merchants will continue to sell products to us or offer products on our internet platform on commercially attractive terms, or at all, after the term of the current agreement expires. Even if we maintain good relationships with our suppliers and third-party merchants, they may be unable to remain in business due to economic conditions, labor actions, regulatory or legal decisions, natural disasters or other causes. In the event that we are not able to source products at favorable prices, our net revenues and gross profit as a percentage of net revenues may be materially and adversely affected.

25In ~~Table~~the event that any supplier or third-party merchant does not have authorization from the relevant brands to sell certain products to us, the suppliers may be prevented from selling products to us or the third-party merchants may be prevented from selling products at our internet platform at any time, which may adversely affect our business and net revenues. In addition, if our suppliers cease to provide us with favorable payment terms, our requirements for working capital may increase and our operations may be materially and adversely affected. We will also need to establish new supplier and third-party merchant relationships to ensure that we have access to a steady supply of ~~Contents~~products on favorable commercial terms. If we are unable to develop and maintain good relationships with suppliers and third-party merchants that would allow us to obtain a sufficient amount and variety of authentic and quality products on acceptable commercial terms, it may limit our ability to offer sufficient products sought by our customers, or to offer these products at prices acceptable to them. Any negative developments in our relationships with suppliers and third-party merchants could materially and adversely affect our business and growth prospects. If we fail to attract new suppliers and third-party merchants to sell their products to us or offer their products on our internet platform due to any reason, our business and growth prospects may be materially and adversely affected.

~~Item~~Any ~~9A.~~interruption ~~Controls~~in ~~and~~the ~~Procedures~~operation of our logistics centers for an extended period may have an adverse impact on our business.

~~Evaluation~~The products we sell are stored in our logistics centers in Jiaxing, Zhejiang Province, China. All of ~~Disclosure~~our ~~Controls~~logistics centers are leased from third parties. If any of the landlords terminate the lease agreements with us, or materially alter any existing arrangements with us, we may be forced to leave the premises and ~~Procedures~~may not be adequately compensated for our investments or at all, and our business, results of operations and financial condition may be materially and adversely affected as a result.

~~Under~~Our ~~the~~ability ~~supervision~~to process and ~~with~~fulfill ~~the~~orders ~~participation~~accurately ~~of our senior management, including our President~~ and ~~Chief~~provide ~~Financial~~high ~~Officer,~~quality wecustomer ~~conducted~~service andepends ~~evaluation~~on of the ~~effectiveness~~smooth ~~of the design and~~ operation of our ~~disclosure~~logistics ~~controls~~centers. ~~and~~Our ~~procedures,~~fulfillment asinfrastructure ~~defined~~may inbe ~~Rules~~vulnerable ~~13a-15(e)~~to ~~and~~damage ~~15d-15(e)~~caused ~~under~~by ~~the~~fire, ~~Securities~~flood, ~~Exchange~~power ~~Act~~outage, oftelecommunications ~~1934~~failure, asbreak-ins, ~~amended~~earthquake, ~~(the~~human ~~"Exchange~~error ~~Act"),~~and asother ofevents. ~~the~~If ~~end~~any of ~~the~~our ~~period~~logistics ~~covered~~centers bywere ~~this~~rendered ~~Annual~~incapable ~~Report~~of onoperations, ~~Form~~then ~~10-K~~we ~~(the~~may ~~"Evaluation~~be ~~Date").~~unable ~~Based~~to onfulfill ~~this~~any ~~evaluation,~~orders ~~our~~in ~~President~~any ~~and Chief Financial Officer concluded as~~ of the ~~Evaluation~~geographic ~~Date~~areas that ~~our~~rely ~~disclosure~~on ~~controls~~that ~~and~~center. ~~procedures~~We ~~were~~do not ~~effective~~carry ~~such~~business ~~that~~interruption ~~the information relating to us required to be disclosed in our Securities and Exchange Commission ("SEC") reports (i) is recorded~~insurance, ~~processed, summarized~~ and ~~reported within~~ the ~~time~~occurrence ~~periods~~of ~~specified~~any inof ~~SEC~~the ~~rules~~foregoing ~~and~~risks ~~forms,~~could ~~and~~have ~~(ii)~~a ismaterial ~~accumulated~~adverse ~~and~~effect ~~communicated~~on to our ~~management~~business, ~~including~~prospects, ~~our~~financial ~~chief~~condition ~~executive officer~~ and ~~chief~~results ~~financial~~of ~~officer, as appropriate to allow timely decisions regarding required disclosure~~operations.

~~Management's~~We ~~Annual~~may ~~Report~~not onbe ~~Internal~~able ~~Control~~to ~~Over~~recoup ~~Financial~~the ~~Reporting~~capital expenditures or investments we make to expand and upgrade our fulfillment and technology capabilities.

~~Our~~We ~~management~~expect isto ~~responsible~~continue ~~for~~to ~~establishing~~invest ~~and~~in ~~maintaining~~our ~~adequate~~fulfillment ~~internal~~and ~~control~~technology ~~over~~capabilities ~~financial reporting~~ as ~~defined~~our inbusiness ~~Rules~~further ~~13a-15(f) and 15d-15(f) under the Exchange Act~~develops. ~~Our~~We ~~internal~~are ~~control~~likely ~~over~~to ~~financial~~incur ~~reporting~~costs isassociated awith ~~process~~these ~~designed~~investments toearlier ~~provide~~than ~~reasonable~~some ~~assurance~~of ~~regarding~~ the ~~reliability~~anticipated ofbenefits, ~~financial reporting~~ and the ~~preparation~~return ofon ~~financial~~these ~~statements~~investments ~~for~~may ~~external~~be ~~purposes~~lower, inor ~~accordance~~may ~~with~~develop ~~accounting~~more ~~principles~~slowly, ~~generally~~than ~~accepted~~we ~~in the United States~~expect. ~~Because~~We ~~of its inherent limitations, internal control over financial reporting~~ may not ~~prevent~~be orable ~~detect misstatements. Therefore, even those systems determined~~ to berecover ~~effective can provide only reasonable assurance of achieving their control objectives. With the participation of~~ our ~~President~~capital ~~and~~expenditures ~~Chief~~or ~~Financial Officer~~investments, ~~our~~in ~~management~~part ~~conducted~~or anin ~~evaluation of the effectiveness of our internal control over financial reporting as of December 31~~full, ~~2017~~or ~~based on criteria set forth by~~ the ~~Committee~~recovery of ~~Sponsoring~~these ~~Organizations~~capital ofexpenditures ~~the~~or ~~Treadway~~investments ~~Commission~~may ~~("COSO")~~take inlonger ~~Internal~~than ~~Control – Integrated Framework (2013)~~expected. ~~Based~~As ~~upon~~a ~~such evaluation~~result, ~~our~~the ~~management~~carrying ~~concluded~~value ~~that we did not maintain effective internal control over financial reporting as~~ of ~~December 31, 2017 based on~~ the ~~COSO~~related ~~framework~~assets ~~criteria,~~may asbe ~~more~~subject ~~fully described below. This was due~~ to ~~deficiencies~~an ~~that~~impairment ~~existed~~charge, inwhich ~~the~~could ~~design or operation of our internal controls over financial reporting that~~ adversely ~~affected~~affect our ~~internal controls and that may be considered to be material weaknesses~~profitability.

~~The~~28 ~~matters~~Table ~~involving internal controls and procedures that our management considered to be material weaknesses under the standards~~ of the Public Company Accounting 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; (4) management dominated by two individuals without adequate compensating controls; (5) lack of appropriate policies and procedures in place to evaluate the proper accounting and disclosures of key documents and agreements; and (6) insufficient skilled accounting personnel with an appropriate level of technical accounting knowledge and experience in the application of accounting principles generally accepted in the United States commensurate with our financial reporting requirements. The aforementioned material weaknesses were identified by our President and Chief Financial Officer in connection with the review of our financial statements as of December 31, 2017.Contents

26 If ~~Table~~we offail ~~Contents~~to adopt new technologies or adapt our website, mobile application and systems to changing customer requirements or emerging industry standards, our business may be materially and adversely affected.

InTo remain competitive, we must continue to enhance and improve the responsiveness, functionality and features of our internet platform. Our competitors are constantly developing innovations and introducing new products to increase their customer base and enhance user experience. As a result, in order to ~~cure~~attract and retain customers and compete against our competitors, we must continue to invest significant resources in research and development to enhance our information technology and improve our existing products and services for our customers. The internet and the ~~foregoing~~online ~~material~~retail ~~weaknesses~~industry are characterized by rapid technological evolution, changes in customer requirements and preferences, frequent introductions of new products and services embodying new technologies and the emergence of new industry standards and practices, any of which could render our existing technologies and systems obsolete. Our success will depend, in part, on our ability to identify, develop, acquire or license leading technologies useful in our business, and respond to technological advances and emerging industry standards and practices in a cost-effective and timely way. The development of website, mobile application and other proprietary technology entails significant technical and business risks. There can be no assurance that we ~~have~~will ~~taken~~be able to use new technologies effectively or adapt our website, mobile application, proprietary technologies and systems to meet customer requirements or emerging industry standards. If we are ~~taking~~unable ~~the~~to ~~following~~adapt ~~remediation~~in ~~measures:~~a cost-effective and timely manner in response to changing market conditions or customer requirements, whether for technical, legal, financial or other reasons, our business, prospects, financial condition and results of operations may be materially and adversely affected.

· We ~~intend~~may ~~to establish an audit committee of the board of directors as soon as practicable. We envision that the audit committee will~~ be ~~primarily~~subject ~~responsible~~to ~~for~~product ~~reviewing~~liability ~~the~~claims ~~services~~if ~~performed by~~ our ~~independent~~customers ~~auditors, evaluating our accounting policies and our system of internal controls. · We~~ are ~~committed~~harmed toby ~~establishing~~ the ~~internal~~products ~~audit~~sold ~~functions~~on ~~but due to limited qualified resources in the region, we were not able to hire sufficient internal audit resources by December 31, 2017. · We plan to provide additional training to~~ our ~~accounting~~internet ~~personnel on US GAAP, SEC reporting and other regulatory requirements regarding the preparation of financial statements~~platform.

~~Despite~~We ~~the~~sell ~~material~~products ~~weaknesses~~manufactured ~~reported~~by ~~above~~third parties, some of which may be defectively designed or manufactured, of inferior quality or counterfeit. Sales and distributions of products on our ~~management~~internet ~~believes~~platform could expose us to product liability claims relating to personal injury and may require product recalls or other actions. Third parties that ~~our~~suffered ~~financial~~such ~~statements~~injury ~~included~~may inbring ~~this~~claims ~~annual~~or ~~report~~legal ~~fairly~~proceedings ~~present~~against inus ~~all~~as ~~material~~the ~~respects~~retailer ~~our~~of ~~financial~~the ~~condition~~products or as the marketplace service provider. Although we would have legal recourse against the manufacturers, ~~results~~suppliers or third-party merchants of ~~operations~~such products under PRC law, attempting to enforce our rights against the manufacturers, suppliers or third-party merchants may be expensive, time-consuming and ~~cash~~ultimately ~~flows~~futile. ~~for~~Defective, inferior or counterfeit products or negative publicity as to personal injury caused by products sold on our platform may adversely affect consumer perceptions of our company or the ~~periods~~products ~~presented~~we sell, which could harm our reputation and ~~that~~brand ~~this~~image. ~~annual~~In ~~report~~addition, ~~does~~we do not ~~contain~~currently maintain any ~~untrue~~product ~~statement~~liability ofinsurance in relation to products we sell. Our third-party liability insurance coverage does not include products offered through third-party merchants, and the coverage on merchandise sales products might be insufficient. As a result, any material ~~fact~~product liability claim or ~~omit~~litigation tocould ~~state~~have a material ~~fact~~and ~~necessary~~adverse toeffect ~~make~~on ~~the~~our ~~statements made~~business, infinancial ~~light~~condition and results of operations. Even unsuccessful claims could result in the ~~circumstances~~expenditure ~~under~~of ~~which~~funds ~~such~~and ~~statements~~managerial ~~were~~efforts ~~made,~~in ~~not~~defending ~~misleading~~them ~~with~~and ~~respect~~could tohave ~~the~~a ~~period~~negative ~~covered~~impact byon ~~this~~our ~~report~~reputation.

~~This~~If ~~annual~~we ~~report~~are onunable ~~Form 10-K 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~~conduct by our ~~registered~~marketing ~~public~~activities ~~accounting firm pursuant to an exemption for non~~cost-~~accelerated~~effectively, ~~filers~~our ~~from~~results ~~the~~of ~~internal~~operations ~~control~~and ~~audit~~financial ~~requirements~~condition ofmay ~~Section~~be ~~404(b)~~materially ofand ~~the~~adversely ~~Sarbanes-Oxley Act of 2002~~affected.

~~Changes~~We have incurred expenses on a variety of different marketing and brand promotion efforts designed to enhance our brand recognition and increase sales of our products. Our marketing and promotional activities may not be well received by customers and may not result in ~~Internal~~the ~~Control~~levels ~~Over~~of ~~Financial~~product ~~Reporting~~sales that we anticipate. Marketing approaches and tools in the consumer products market in China are evolving. This further requires us to enhance our marketing approaches and experiment with new marketing methods to keep pace with industry developments and customer preferences, which may not be as cost-effective as our marketing activities in the past and may lead to significantly higher marketing expenses in the future. We cannot assure you that we can continue to produce, or benefit from, unique and effective marketing campaigns in the future. Failure to refine our existing marketing approaches or to introduce new effective marketing approaches in a cost-effective manner could reduce our market share, cause our net revenues to decline and negatively impact our profitability.

~~There~~29 ~~have~~Table ~~been~~of no changes in our internal control over financial reporting that occurred during the quarter ended December 31, 2017 that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.Contents

~~Item~~If ~~9B.~~we ~~Other~~fail ~~Information~~to manage our inventory effectively, our results of operations, financial condition and liquidity may be materially and adversely affected.

~~None~~Our business requires us to manage a large volume of inventory effectively. We depend on our forecasts of demand for and popularity of various products to make purchase decisions and to manage our inventory. Demand for products, however, can change significantly between the time inventory or components are ordered and the date of sale. Demand may be affected by seasonality, new product launches, rapid changes in product cycles and pricing, product defects, changes in consumer spending patterns, changes in consumer tastes with respect to our products and other factors, and our customers may not order products in the quantities that we expect. It may be difficult to accurately forecast demand, and determine appropriate product or component. We generally have the right to return unsold items for most of our products to our suppliers. In order to secure more favorable commercial terms, we may need to continue to enter into supply arrangements without unconditional return clauses or with more restrictive return policies.

27If ~~Table~~we fail to manage our inventory effectively or negotiate favorable credit terms with third party suppliers, we may be subject to a heightened risk of ~~Contents~~inventory obsolescence, a decline in inventory values, and significant inventory write-downs or write-offs. In addition, if we are required to lower sale prices in order to reduce inventory level or to pay higher prices to our suppliers in order to secure the right to return products to our suppliers, our profit margins might be negatively affected. Any of the above may materially and adversely affect our results of operations and financial condition.

~~PART~~ Uncertainties ~~III~~relating to the growth and profitability of the online retail industry in China in general, and the development of the online curated and flash sales business models in particular, could adversely affect our net revenues and business prospects.

~~Item~~We 10generate substantially all of our net revenues from online retailing. ~~Directors~~While online retailing has existed in China since the 1990s, ~~Executive~~only ~~Officers~~recently have certain online retailers become profitable. The curated and ~~Corporate~~flash ~~Governance~~sales business models were not introduced to China until recently. The long-term viability and prospects of various online retail business models in China, particularly the online curated and flash sales business models, remain relatively untested. Our future results of operations will depend on numerous factors affecting the development of the online curated and flash sales business and, more broadly, the online retail industry in China, many of which are beyond our control. These factors include:

~~All~~· ~~directors~~the growth of internet, broadband, personal computer and mobile penetration and usage as well as online retailing in China, and the ~~Company~~rate ~~hold~~of ~~office~~such ~~until~~growth; · the ~~next~~trust ~~annual~~and ~~meeting~~confidence level of ~~the~~online ~~security~~shopping ~~holders~~consumers orin ~~until~~China, ~~their~~as ~~successors~~well ~~have~~as ~~been~~changes ~~elected~~in customer demographics and ~~qualified.~~consumer ~~The~~tastes ~~officers~~and ofpreferences; · the ~~Company~~selection, ~~are~~price ~~appointed~~and bypopularity ~~the~~of ~~board~~products ofthat ~~directors~~we and ~~hold~~our ~~office~~competitors ~~until~~offer ~~their~~online; ~~death,~~· ~~resignation~~the emergence and development of alternative retail channels or ~~removal~~business ~~from~~models ~~office.~~that ~~The~~better ~~directors~~address ~~and~~the ~~executive~~needs ~~officers,~~of ~~their~~consumers; ~~ages,~~and ~~positions~~· ~~held~~the development of fulfillment, payment and ~~duration~~other asancillary ~~such,~~services ~~are~~associated aswith ~~follows:~~online purchases.

Name	Age	Position Held with the Company
Yong Qiang Yang	46	President and Director (principal executive officer)
Wei Min Jin	42	Chief Financial Officer and Director (principal financial and accounting officer)

A decline in the popularity of online shopping or more specifically, of online curated and flash sales, or any failure by us to adapt our internet platform and improve the online shopping experience of our customers in response to trends and consumer requirements, may adversely affect our net revenues and business prospects.

~~Business~~Furthermore, ~~Experience~~the online retail industry is very sensitive to macroeconomic changes, and retail purchases tend to decline during recessionary periods. Many factors outside of our control, including inflation and deflation, volatility of stock and property markets, interest rates, tax rates and other government policies and unemployment rates can adversely affect consumer confidence and spending, which could in turn materially and adversely affect our growth prospects and profitability.

~~The~~30 ~~following~~Table ~~is a brief account~~ of the education and business experience during at least the past five years of each director, executive officer and key employee of the Company, indicating the person's principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.Contents

~~Yong~~The ~~Qiang~~proper ~~Yang~~functioning of our technology platform is essential to our business. Any failure to maintain the satisfactory performance of our internet platform could materially and adversely affect our business and reputation.

~~Yong~~The ~~Qiang~~satisfactory ~~Yang~~performance, ~~has~~reliability ~~been~~and ~~the~~availability ~~President~~of our technology platform are critical to our success and aour ~~director~~ability to attract and retain customers and provide quality customer service. Substantially all of our sales of products are made online through our internet platform. Our mobile customer experience relies on the ~~Company~~effective ~~since~~use ~~November~~of 24mobile devices, ~~2015.~~operating Mrsystems, networks and standards that we do not control. ~~Yang~~Our isnet ~~responsible~~revenues ~~for~~depend on the ~~overall~~number ~~strategic~~of ~~planning~~visitors who shop on our internet platform and ~~business~~the ~~development~~volume of ~~the~~orders ~~Company~~we fulfill. HeAny ~~will~~system ~~formulate~~interruptions ~~plans~~caused ~~for~~by telecommunications failures, errors encountered during system upgrades or system expansions, computer viruses, hacking or other attempts to harm our systems that result in the ~~product~~unavailability ~~mix~~or ~~and~~slowdown ~~overall~~of ~~marketing~~our ~~program~~internet platform, leakage of ~~the~~confidential ~~Company~~customer information, degraded order fulfillment performance, or additional shipping and handling costs, which may, individually or collectively, materially and adversely affect our business, reputation, financial condition and results of operations. MrIn addition, any system failure or interruption could cause material damage to our reputation and brand image if our systems are perceived to be insecure or unreliable. ~~Yang~~Our ~~has~~servers ~~over~~may 20also ~~years~~be ofvulnerable ~~extensive~~to incomputer ~~multi~~viruses, physical or electronic break-~~level~~ins and ~~direct~~similar ~~marketing~~disruptions, ~~across~~which ~~cosmetic~~could lead to system interruptions, ~~healthcare~~website ~~and~~slowdown ~~household~~or ~~supplies~~unavailability, ~~sectors.~~delays Heor ~~served~~errors asin ~~Senior~~transaction ~~Sales~~processing, ~~Manager~~loss of data or the inability to accept and ~~Vice~~fulfill ~~President~~customer ~~responsible~~orders. ~~for~~Security ~~marketing~~breaches, computer viruses and ~~sales~~hacking ~~for~~attacks ~~several~~have ~~Asian~~become ~~based~~more ~~firms~~prevalent in ~~Hong~~our ~~Kong~~industry. We can provide no assurance that our current security mechanisms will be sufficient to protect our IT systems from any third-party intrusions, viruses or hacker attacks, information or data theft or other similar activities. Any such future occurrences could reduce customer satisfaction, damage our reputation and ~~Mainland~~result ~~China~~in a significant decrease in our net revenues.

Time Period (month/year) From:/To:	Principal Occupation	Position or Office	Name and Principal Business of Employer	Nature of Responsibilities
From: 11/2015 To: Current	Management	CEO Chairman	Love International Group, Inc. (E-commerce)	Manage and direct the company
From: 03/2014 To: Current	Management	CEO	MMI Group NZ Limited (Finance)	Manage and direct the company
From: 03/2009 To: 03/2012	Management	Senior Manager	Guangdong Taiyangshen Group (Health Care)	Manage sales team
From: 12/2016 To: Current	Management	Director	Shanghai Lefu E-Commerce Co. Limited	Manage and direct the company

Additionally, we must continue to upgrade and improve our technology platform to support our business growth, and failure to do so could impede our growth. However, we cannot assure you that we will be successful in executing these system upgrades and improvement strategies. In particular, our systems may experience interruptions during upgrades, and the new technologies or infrastructures may not be fully integrated with the existing systems on a timely basis, or at all. If our existing or future technology platform does not function properly, it could cause system disruptions and slow response times, affecting data transmission, which in turn could materially and adversely affect our business, financial condition and results of operations.

28Any ~~Table~~deficiencies in China’s telecommunication infrastructure could impair our ability to sell products over our internet platform, which could cause us to lose customers and materially and adversely affect our results of ~~Contents~~operations.

~~Wei~~Substantially ~~Min~~all ~~Jin~~of our sales of products are made online through our internet platform. Our business depends on the performance and reliability of the telecommunication infrastructure in China. The availability of our internet platform depends on telecommunications carriers and other third-party providers for communications and storage capacity, including bandwidth and server storage, among other things. Almost all access to the internet and mobile internet is maintained through state-owned telecommunication carriers under administrative control, and we obtain access to end-user networks operated by such telecommunications carriers and service providers to present our internet platform to consumers. Service interruptions prevent consumers from viewing our internet platform and placing orders, and frequent interruptions could frustrate customers and discourage them from attempting to place orders, which could cause us to lose customers and adversely affect our results of operations.

~~Wei~~Failure ~~Min~~to ~~Jin~~protect ~~has~~confidential ~~been~~information ~~the Chief Financial Officer and a director~~ of ~~the~~our ~~Company~~customers ~~since November 24, 2015. Mr. Jin will be responsible for the overall corporate development~~ and ~~strategy~~network ofagainst ~~the~~security ~~Company.~~breaches ~~Before~~could ~~participating~~damage inour ~~this~~reputation ~~Company, Mr. Jin was responsible for administration~~ and ~~general~~brand ~~management in several food companies in Shanghai~~ and ~~Zhejiang,~~substantially ~~China.~~harm Heour ~~has~~business ~~substantial experience in corporate management~~ and ~~business~~results ~~development from his 18 years~~ of ~~entrepreneurship~~operations.

Time Period (month/year) From:/To:	Principal Occupation	Position or Office	Name and Principal Business of Employer	Nature of Responsibilities
From: 11/2015 To: Current	Management	CFO Director	Love International Group, Inc. (E-commerce)	Manage and direct the company
From: 02/2007 To: Current	Management	Director	Taizhou City Huang Yan District Qicaifang Jiaju Company	Manage and direct the company
From: 03/2014 To: Current	Management	Director	MMI Group NZ Limited (Finance)	Manage and direct the company
From: 12/2016 To: Current	Management	Director	Shanghai Lefu E-Commerce Co. Limited	Manage and direct the company

A significant challenge to the online retail industry is the secure transmission of confidential information over public networks. Substantially all of the orders and some of the payments for products we offer are made through our internet platform. In addition, some online payments for our products are settled through third-party online payment services. We also share certain personal information about our customers with contracted third-party delivery service providers, such as their names, addresses, phone numbers and transaction records. In such cases, maintaining complete security for the transmission of confidential information on our technology platform, such as customer names, personal information and billing addresses, is essential to maintaining customer confidence.

~~Employment~~31 ~~Agreements~~Table of Contents

Advances in technology, the expertise of hackers, new discoveries in the field of cryptography or other events or developments could result in a compromise or breach of the technology that we use to protect confidential information. We may not be able to prevent third parties, especially hackers or other individuals or entities engaging in similar activities, from illegally obtaining such confidential or private information we hold as a result of our customers’ visits on our website. Such individuals or entities obtaining our customers’ confidential or private information may further engage in various other illegal activities using such information. In addition, we have nolimited ~~formal~~control ~~employment~~or ~~agreements~~influence ~~with~~over the security policies or measures adopted by third-party providers of online payment services through which some of our customers may elect to make payment for purchases at our website. The contracted third-party delivery service providers we use may also violate their confidentiality obligations and disclose or use information about our customers illegally. Although we do not believe that we will be held responsible for any such illegal activities, any negative publicity on our website’s safety or privacy protection mechanism and policy could have a material and adverse effect on our public image and reputation. We cannot assure you that similar events will not occur in the future. Any compromise of our ~~employees~~information security or contracted third-party delivery service providers’ information security measures could have a material and adverse effect on our reputation, ~~directors~~business, orprospects, ~~officers~~financial condition and results of operations.

~~Family~~Practices ~~Relationships~~regarding the collection, use, storage, transmission and security of personal information by companies operating over the internet and mobile platforms have recently come under increased public scrutiny. As online retailing continues to evolve, we believe that increased regulation by the PRC government of data privacy on the internet is likely. We may become subject to new laws and regulations applying to the solicitation, collection, processing or use of personal or consumer information that could affect how we store, process and share data with our customers, suppliers and third-party merchants. We generally comply with industry standards and are subject to the terms of our own privacy policies.

~~There~~Significant capital and other resources may be required to protect against information security breaches or to alleviate problems caused by such breaches or to comply with our privacy policies or privacy-related legal obligations. The methods used by hackers and others engaged in online criminal activities are noincreasingly ~~additional~~sophisticated ~~family~~and ~~relationships~~constantly ~~between~~evolving. Any failure or perceived failure by us to prevent information security breaches or to comply with privacy policies or privacy-related legal obligations, or any compromise of security that results in the unauthorized release or transfer of personally identifiable information or other customer data, could cause our ~~directors~~customers to lose trust in us. Any perception by the public that online transactions or the privacy of user information are becoming increasingly unsafe or vulnerable to attacks could inhibit the growth of online retailing and ~~executive~~other ~~officers~~online services generally, which may reduce the number of orders we receive.

~~Involvement~~Payment inmethods ~~Certain~~used ~~Legal~~on ~~Proceedings~~our internet platform subject us to third-party payment processing-related risks.

~~None~~We accept payments using a variety of ~~our~~methods, ~~directors~~including payment on delivery, ~~executive~~online ~~officers~~payments with credit cards and debit cards issued by major banks in China, ~~promoters~~and orpayment ~~control~~through ~~persons~~third-party ~~has~~online ~~been~~payment ~~involved~~platforms such as Alipay. For certain payment methods, including credit and debit cards, we pay interchange and other fees, which may increase over time and raise our operating costs and lower our profit margins. We may also be subject to fraud and other illegal activities in ~~any~~connection with the various payment methods we offer, including online payment and cash on delivery options. We also rely on third parties to provide payment processing services. The delivery personnel of our contracted third-party delivery service providers collect the payment on our behalf, and we require the contracted third-party delivery service providers to remit the payment collected to us on the following ~~events~~day. ~~during~~If these companies fail to remit the ~~past~~payment ~~five~~collected ~~years:~~to us in a timely fashion or at all, if they become unwilling or unable to provide these services to us, or if their services quality deteriorates, our business could be disrupted. We are also subject to various rules, regulations and requirements, regulatory or otherwise, governing electronic funds transfers, which could change or be reinterpreted to make it difficult or impossible for us to comply. If we fail to comply with these rules or requirements, we may be subject to fines and higher transaction fees and lose our ability to accept credit and debit card payments from our customers, process electronic funds transfers or facilitate other types of online payments, and our business, financial condition and results of operations could be materially and adversely affected.

1.32 ATable ~~petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property~~ of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;Contents

2.Our ~~Such~~delivery ~~person~~and ~~was~~return ~~convicted~~policies inmay aadversely ~~criminal~~affect ~~proceeding~~our orresults ~~is a named subject~~ of ~~a pending criminal proceeding (excluding traffic violations and other minor offenses);~~operations.

29We ~~Table~~have adopted shipping policies that do not necessarily pass the full cost of ~~Contents~~shipping on to our customers. We also have adopted customer-friendly return policies that make it convenient and easy for customers to change their minds after completing purchases. These policies improve customers’ shopping experience and promote customer loyalty, which in turn help us acquire and retain customers. However, these policies also subject us to additional costs and expenses, which we may not be able to recoup through increased net revenues. Our ability to handle a large volume of returns is unproven. If our return rates are higher than we expected, or such return policy is misused by a significant number of customers, our costs may increase significantly and our results of operations may be materially and adversely affected. In addition, as we cannot resell some returned products that are not in their original packaging or return the products to our suppliers pursuant to our contracts with them. If return rates for such products increase significantly, we may experience an increase in our inventory balance, which may adversely affect our working capital. If we revise these policies to reduce our costs and expenses, our customers may be dissatisfied, which may result in losing existing customers or failing to acquire new customers at a desirable pace, which may materially and adversely affect our results of operations.

3.We ~~Such~~may ~~person~~be ~~was~~ the subject of ~~any order~~anti-competitive, ~~judgment~~harassing, or ~~decree,~~other ~~not~~detrimental ~~subsequently~~conduct ~~reversed~~by third parties including complaints to regulatory agencies, ~~suspended~~negative orblog ~~vacated~~postings, and the public dissemination of ~~any~~malicious ~~court~~characterization of ~~competent~~our ~~jurisdiction,~~business ~~permanently~~that orcould ~~temporarily~~harm ~~enjoining~~our ~~him~~reputation ~~from,~~and orcause ~~otherwise~~us ~~limiting~~to lose market share, customers and net revenues and adversely affect the ~~following~~price ~~activities:~~of our shares.

i.We ~~Acting~~may asbecome athe ~~futures~~target ~~commission~~of ~~merchant~~anti-competitive, ~~introducing broker~~harassing, ~~commodity~~or ~~trading~~other ~~advisor,~~detrimental ~~commodity~~conduct ~~pool~~by ~~operator,~~third ~~floor~~parties. ~~broker,~~Such ~~leverage~~conduct ~~transaction~~includes ~~merchant~~complaints, ~~any~~anonymous ~~other~~or ~~person~~otherwise, ~~regulated~~to byregulatory ~~the~~agencies. ~~Commodity~~We ~~Futures~~may ~~Trading~~be ~~Commission,~~subject to government or anregulatory ~~associated~~investigation ~~person~~as a result of ~~any~~such third-party conduct and may be required to expend significant time and incur substantial costs to address such third-party conduct, and there is no assurance that we will be able to conclusively refute each of the ~~foregoing~~allegations within a reasonable period of time, or asat anall. ~~investment adviser~~Additionally, ~~underwriter~~allegations, ~~broker~~directly or ~~dealer~~indirectly inagainst ~~securities~~us, ormay asbe anposted ~~affiliated~~in ~~person,~~internet ~~director~~chat-rooms or ~~employee~~on ofblogs or any ~~investment~~website ~~company~~or social media platform by anyone, ~~bank~~whether or not related to us, ~~savings~~on an anonymous basis. Consumers value readily available information concerning retailers and ~~loan~~the ~~association~~goods orand ~~insurance~~services ~~company,~~offered orby ~~engaging~~them inand oroften ~~continuing~~act ~~any~~on ~~conduct~~such information without further investigation or ~~practice~~authentication inand ~~connection~~without ~~with~~regard ~~such~~to ~~activity~~its iiaccuracy. ~~Engaging~~Information inon social media platforms and devices is easily accessible, and any ~~type~~negative ofpublicity ~~business~~on ~~practice;~~us or ~~iii~~our founders and management can be quickly and widely disseminated. ~~Engaging~~Social inmedia ~~any~~platforms ~~activity~~and indevices ~~connection~~immediately ~~with~~publish the ~~purchase~~content their subscribers and participants post, often without filters or ~~sale~~checks on accuracy of ~~any~~the ~~security~~content posted. Information posted may be inaccurate and adverse to us, and it may harm our performance, prospects or ~~commodity~~business. The harm may be immediate without affording us an opportunity for redress or incorrection. ~~connection~~Our ~~with~~reputation ~~any~~may ~~violation~~be negatively affected as a result of ~~Federal~~the orpublic ~~State~~dissemination ~~securities~~of ~~laws~~anonymous allegations or ~~Federal~~malicious ~~commodities~~statements ~~laws;~~about our business, which in turn may cause us to lose market share, customers and net revenues and adversely affect the price of our shares.

4.Our ~~Such~~business ~~person~~depends ~~was~~on the ~~subject~~continued ofefforts ~~any order, judgment or decree, not subsequently reversed, suspended or vacated,~~ of ~~any~~our ~~Federal~~management. orIf ~~State~~we ~~authority~~lose ~~barring,~~their ~~suspending~~services or ~~otherwise~~they ~~limiting~~are ~~for~~unable ~~more than 60 days the right of such person~~ to ~~engage~~work intogether ~~any~~effectively ~~activity~~or ~~described in paragraph (f)(3)(i) of this section~~efficiently, orour tobusiness may be ~~associated~~severely ~~with persons engaged in any such activity;~~disrupted.

5.Our ~~Such~~business ~~person~~operations ~~was~~depend ~~found~~on bythe acontinued ~~court~~services of ~~competent~~our ~~jurisdiction~~senior management, particularly the executive officers named in athis ~~civil~~Report. ~~action~~If our management team cannot work together effectively or byefficiently, ~~the~~our ~~Commission~~business may be severely disrupted. One or more of our executive officers may be unable or unwilling to continue their service to us, and we might not be able to replace them easily or at all. There can be no assurance that we will not have ~~violated~~departures from our management team in the future. Our business, financial condition and results of operations may be materially and adversely affected, and we may incur additional expenses to recruit, train and retain personnel. If any ~~Federal~~of our executive officers joins a competitor or ~~State~~forms ~~securities~~a ~~law~~competing business, we may lose customers, suppliers, know-how and ~~the~~key ~~judgment~~professionals inand ~~such~~staff ~~civil~~members. ~~action~~Our orexecutive ~~finding~~officers byhave ~~the~~entered ~~Commission~~into ~~has~~employment ~~not~~agreements ~~been~~and ~~subsequently~~confidentiality ~~reversed~~and non-competition agreements with us. However, ~~suspended~~if any dispute arises between our officers and us, we may have to incur substantial costs and expenses in order to enforce such agreements in China or ~~vacated;~~we may be unable to enforce them at all.

6.33 ~~Such~~Table ~~person was 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

7.If ~~Such~~we ~~person~~are ~~was~~unable ~~the~~to ~~subject of~~recruit, ortrain aand ~~party~~retain ~~to,~~qualified ~~any~~personnel ~~Federal~~ or ~~State~~sufficient ~~judicial~~workforce orwhile ~~administrative~~controlling ~~order,~~our ~~judgment,~~labor ~~decree~~costs, orour ~~finding,~~business ~~not~~may ~~subsequently~~be ~~reversed,~~materially ~~suspended~~and oradversely ~~vacated, relating to an alleged violation of:~~affected.

i.We ~~Any~~intend ~~Federal~~to orhire ~~State~~additional ~~securities~~qualified oremployees ~~commodities~~to ~~law~~support orour ~~regulation;~~business oroperations iiand planned expansion. ~~Any~~Our ~~law~~future orsuccess ~~regulation~~depends, ~~respecting~~to ~~financial~~a ~~institutions~~significant orextent, ~~insurance~~on ~~companies~~our ~~including~~ability to recruit, ~~but~~train ~~not~~and ~~limited~~retain toqualified personnel, aparticularly ~~temporary~~technical, orfulfillment, ~~permanent~~marketing ~~injunction~~and other operational personnel with experience in the online retail industry. Our experienced mid-level managers are instrumental in implementing our business strategies, ~~order~~executing our business plans and supporting our business operations and growth. The effective operation of ~~disgorgement~~our ormanagerial ~~restitution~~and operating systems, ~~civil~~logistics ~~money~~centers, ~~penalty~~customer orservice ~~temporary~~center orand ~~permanent~~other ~~cease-~~back office functions also depends on the hard work and~~-desist~~ ~~order~~quality performance of our management and employees. Since our industry is characterized by high demand and intense competition for talent and labor, orwe ~~removal~~can provide no assurance that we will be able to attract or ~~prohibition~~retain ~~order;~~qualified staff or ~~iii~~other highly skilled employees that we will need to achieve our strategic objectives. ~~Any~~Popular ~~law~~hosts ormay ~~regulation~~cease ~~prohibiting~~to ~~mail~~be engaged by us, and we may be unable to attract new talent that can attract users or ~~wire~~cause ~~fraud~~such users to increase the amount of time spent on our platform or ~~fraud~~the amount of money spent on our merchandize. Our logistics centers also require a significant number of blue-collar workers, and these positions tend to have higher than average turnover. Labor costs in ~~connection~~China have increased with ~~any~~China’s economic development, particularly in the large cities where we operate our logistics centers. Inflation in China is also putting pressure on wages. In addition, as we are still a young company, our ability to train and integrate new employees into our operations may also be limited and may not meet the demand for our business ~~entity;~~growth on a timely fashion, or at all. If we are unable to attract, train and retain qualified personnel, our business may be materially and adversely affected.

8.Increases ~~Such~~in ~~person~~labor ~~was~~costs ~~the subject of,~~ or arestrictions ~~party~~in ~~to,~~the ~~any~~supply ~~sanction or order, not subsequently reversed, suspended or vacated,~~ of ~~any~~labor ~~self-regulatory organization (as defined~~ in ~~Section~~China ~~3(a)(26)~~may ofmaterially ~~the~~and ~~Exchange~~adversely ~~Act~~affect ~~(15~~our ~~U.S.C. 78c(a)(26)))~~business, ~~any~~financial ~~registered~~condition ~~entity~~and ~~(as~~results ~~defined in Section 1(a)(29)~~ of ~~the Commodity Exchange Act (7 U~~operations.~~S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.~~

~~Compliance~~We ~~with~~currently ~~Section~~use ~~16(a)~~workers dispatched by third-party labor service agents to provide customer service, logistics and delivery services. Under such labor arrangement, we may also incur liabilities if we cause any damages to such dispatched workers. If we are found to be in violation of the ~~Exchange~~new ~~Act~~rules regulating contract workers, we may be ordered by the labor authority to rectify the noncompliance by entering into written employment contracts with our contract workers.

~~Section~~With ~~16(a) of~~ the ~~Exchange~~rapid ~~Act~~development ~~requires our executive officers and directors, and persons who beneficially own more than 10%~~ of ~~our~~the ~~equity~~Chinese ~~securities (collectively~~economy, the ~~“Reporting~~cost ~~Persons”),~~of tolabor ~~file~~has ~~reports~~increased ~~of ownership~~ and ~~changes~~may incontinue ~~ownership~~to ~~with the SEC~~increase. ~~Reporting~~Our ~~Persons~~results ~~are required by SEC regulation to furnish us with copies~~ of ~~all~~operations ~~forms~~will ~~they~~be ~~file~~materially ~~pursuant~~and toadversely ~~Section~~affected ~~16(a).~~if ~~Based~~the onlabor ~~our~~costs ~~review~~ of ~~the~~our ~~copies~~suppliers ofin ~~such~~China ~~forms~~increase. ~~received~~In ~~by us~~addition, ~~other~~even ~~than~~if aslabor ~~described~~costs ~~below,~~do nonot ~~other~~increase, ~~reports~~we ~~were~~and ~~required~~our ~~for~~suppliers ~~those~~may ~~persons.~~not Webe ~~believe~~able ~~that,~~to ~~during~~find ~~the~~a ~~fiscal~~sufficient ~~year~~number ~~ended~~of ~~December~~workers ~~31,~~to ~~2017,~~produce ~~all~~or ~~Reporting~~provide ~~Persons~~us ~~complied~~ with ~~all~~the ~~Section~~products ~~16(a)~~we ~~filing requirements applicable to them~~offer.

30Furthermore, ~~Table~~pursuant to the new PRC labor contract law that became effective in 2008, as amended in 2012, employers in China are subject to stricter requirements when signing labor contracts, paying remuneration, determining the term of ~~Contents~~employees’ probation and unilaterally terminating labor contracts. The labor contract law and related regulations impose greater liabilities on employers and may significantly increase the costs of workforce reductions. If we decide to significantly change or reduce our workforces, the labor contract law could adversely affect our ability to make such changes in a timely, favorable and effective manner. Any of these events may adversely affect our business, financial condition and results of operations.

~~Code~~Future strategic alliances, investments, acquisitions or expansion into new businesses may have a material and adverse effect on our business, reputation and results of ~~Ethics~~operations.

We ~~anticipate~~may ~~that~~in wethe ~~will~~future ~~not~~enter ~~adopt~~into strategic alliances with various third parties to further our business purposes from time to time. Strategic alliances with third parties could subject us to a ~~code~~number of ~~ethics~~risks, ~~until~~including werisks ~~have~~associated ~~commenced~~with ~~material~~sharing proprietary information, non-performance by the counter-party, and an increase in expenses incurred in establishing new strategic alliances, any of which may materially and adversely affect our business. ~~operations~~We ormay have ~~increased~~little ability to control or monitor their actions. To the ~~number~~extent the third parties suffer negative publicity or harm to their reputations from events relating to their business, we may also suffer negative publicity or harm to our reputation by virtue of our ~~executive~~association ~~officers~~with ~~and~~such ~~employees~~third parties.

~~Board~~34 ~~and~~Table ~~Committee~~of ~~Meetings~~Contents

In addition, we have made investments in complementary business and expanded into new businesses in the past and if we are presented with appropriate opportunities, we may continue to acquire additional assets, technologies or businesses that are complementary to our existing business. Expansion into diverse new areas involves new risks and challenges. Our ~~board~~lack of ~~directors~~familiarity ~~currently~~with ~~consists~~these new areas and lack of ~~only~~relevant ~~two~~customer ~~members~~data relating to these new areas may make it more difficult for us to anticipate customer demand and preferences. In addition, ~~Yong~~Furthermore, ~~Qiang~~we ~~Yang~~may not have much negotiating power in new areas of business and ~~Wei~~we ~~Min~~may ~~Jin~~not be able to reach favorable terms with our business partners. ~~The~~We ~~Board~~may ~~held~~need noto ~~formal~~price ~~meetings~~aggressively ~~during~~to ~~the~~gain ~~year~~market ~~ended~~share ~~December~~or ~~31,~~remain ~~2017~~competitive in new areas of business. ~~Until~~It may be difficult for us to achieve profitability in the ~~Company~~new ~~develops~~areas aand ~~more~~our ~~comprehensive~~profit ~~Board~~margin, ofif ~~Directors~~any, ~~all~~may ~~proceedings~~be lower than we anticipate, which would adversely affect our overall profitability and results of operations. We cannot assure you that we will be ~~conducted~~able byto ~~resolutions~~recoup ~~consented~~our toinvestments in ~~writing~~new bybusinesses. ~~all~~In ~~the~~addition, ~~directors~~past and ~~filed~~future ~~with~~acquisitions and the ~~minutes~~subsequent integration of ~~the~~new ~~proceedings~~assets and businesses into our own would require significant attention from our management and could result in a diversion of ~~the~~resources ~~directors~~from our existing business, which in turn could have an adverse effect on our business operations. ~~Such~~The ~~resolutions~~costs ~~consented~~of toidentifying and consummating acquisitions may be significant. We may also incur significant expenses in ~~writing~~obtaining byapprovals from shareholders and relevant government authorities in China and elsewhere in the ~~directors~~world. ~~entitled~~Acquired toassets ~~vote~~or onbusinesses ~~that~~may ~~resolution~~not atgenerate athe ~~meeting~~financial results we expect. In addition, acquisitions could result in the use of substantial amounts of cash, potentially dilutive issuances of equity securities, the ~~directors~~occurrence ~~are~~of significant goodwill impairment charges, ~~according~~amortization expenses for other intangible assets and exposure to potential unknown liabilities of the ~~Nevada~~acquired ~~General~~business. ~~Corporate~~The ~~Law~~cost and ~~our~~duration ~~Bylaws,~~of asintegrating ~~valid~~newly ~~and~~acquired ~~effective~~businesses ascould ifalso ~~they~~materially ~~had~~exceed ~~been~~our ~~passed~~expectations. atAny such negative developments could have a ~~meeting~~material ofadverse ~~the~~effect ~~directors~~on ~~duly~~our ~~called~~business, financial condition and ~~held~~results of operations.

~~Nomination~~Any ~~Process~~lack of requisite approvals, licenses or permits applicable to our business or failure to comply with PRC laws and regulations may have a material and adverse impact on our business, financial condition and results of operations.

AsOur atbusiness ~~December~~is ~~31,~~subject ~~2017,~~to wegovernmental ~~did~~supervision ~~not~~and ~~effect~~regulation ~~any~~by ~~material~~the ~~changes~~relevant toPRC governmental authorities, including the ~~procedures~~MOFCOM, bythe ~~which~~Ministry ~~our~~of ~~shareholders~~Industry ~~may~~and ~~recommend~~Information ~~nominees~~Technology, toor ~~our~~MIIT, ~~board~~China offood ~~directors~~and drug administration, the State Drug Administration. ~~Our~~Together, ~~board~~these ofgovernment ~~directors~~authorities ~~does~~promulgate ~~not~~and ~~have~~enforce aregulations ~~policy~~that ~~with~~cover ~~regards~~many toaspects of the ~~consideration~~operation of ~~any~~online ~~director~~retailing ~~candidates~~and ~~recommended~~distribution byof ~~our~~food ~~shareholders.~~and ~~Our~~nutritional ~~board~~supplements, including entry into these industries, the scope of ~~directors~~permissible ~~has~~business ~~determined~~activities, ~~that~~licenses itand ispermits infor ~~the~~various ~~best~~business ~~position~~activities, toand ~~evaluate~~foreign ~~our~~investment. ~~company's~~We ~~requirements~~are asrequired ~~well~~to ashold ~~the~~a ~~qualifications~~number of ~~each~~licenses ~~candidate~~and ~~when~~permits ~~the~~in ~~board~~connection ~~considers~~with aour ~~nominee~~business ~~for~~operation, aincluding ~~position~~the onvalue-added ~~our~~telecom ~~board~~business ofoperation ~~directors.~~license, Ifor ~~shareholders~~ICP ~~wish~~license, tofood ~~recommend~~distribution ~~candidates~~permit ~~directly~~or tofood ~~our~~business ~~board,~~operation ~~they~~permit ~~may~~(as doapplicable), soas bywell ~~sending~~as ~~communications~~approvals tofor the ~~president~~establishment of ~~our~~foreign-invested ~~company~~enterprises atengaging in the ~~address~~sale onof goods over the ~~cover~~internet. ofWe ~~this~~currently ~~annual~~holds ~~report~~business license, ICP license and food business license.

~~Audit~~As ~~Committee~~of the date of this Report, we have not received any notice of warning or been subject to penalties or other disciplinary action from the relevant governmental authorities regarding our conducting our business without the above mentioned approvals and permits. However, we cannot assure you that we will not be subject to any penalties in the future. As online retailing is still evolving in China, new laws and regulations may be adopted from time to time to require additional licenses and permits other than those we currently have, and address new issues that arise from time to time. As a result, substantial uncertainties exist regarding the interpretation and implementation of current and any future PRC laws and regulations applicable to online retail businesses. For example, we are providing mobile applications to mobile device users. It is uncertain if our variable interest entities, or VIEs, will be required to obtain a separate operating license in addition to the valued-added telecommunications business operating licenses for Internet content provision service. If the PRC government considers that we were operating without the proper approvals, licenses or permits or promulgates new laws and regulations that require additional approvals or licenses or imposes additional restrictions on the operation of any part of our business, it has the power, among other things, to levy fines, confiscate our income, revoke our business licenses, and require us to discontinue our relevant business or impose restrictions on the affected portion of our business. Any of these actions by the PRC government may have a material and adverse effect on our results of operations.

~~Currently~~35 ~~the~~Table ~~Company is developing a comprehensive Board~~ of ~~Directors and does not have an Audit Committee. The Company intends to appoint audit, compensation and other applicable committee members as it appoints individuals with pertinent expertise.~~Contents

~~Audit~~We ~~Committee~~are ~~Financial~~required ~~Expert~~by PRC laws and regulations to pay various statutory employee benefits, including pensions, housing fund, medical insurance, work-related injury insurance, unemployment insurance and maternity insurance to designated government agencies for the benefit of our employees. The relevant government agencies may examine whether an employer has made adequate payments of the requisite statutory employee benefits, and those employers who fail to make adequate payments may be subject to late payment fees, fines and/or other penalties. If the relevant PRC authorities determine that we shall make supplemental social insurance and housing fund contributions and that we are subject to fines and legal sanctions, our business, financial condition and results of operations may be adversely affected.

Our ~~board~~use of ~~directors~~some ~~does~~leased ~~not~~properties ~~have~~could abe ~~member~~challenged ~~that~~by ~~qualifies~~third asparties anor ~~"audit~~government ~~committee~~authorities, ~~financial~~which ~~expert"~~may ascause ~~defined~~interruptions into ~~Item~~our ~~407(d)(5)(ii)~~business ~~of Regulation S-K~~operations.

~~Item~~We 11lease properties for our offices, logistics centers, dormitories, customer service center and physical stores. ~~Executive~~The ~~Compensation~~lessors of some of these leased properties have been able to provide proper ownership certificates for the properties we lease or prove their rights to sublease the properties to us or hold legal certificates to legally lease properties to us. If our lessors are not the owners of the properties and they have not obtained consents from the owners or their lessors or permits from the relevant government authorities, our leases could be invalidated. We may have to renegotiate the leases with the owners or the parties who have the right to lease the properties, and the terms of the new leases may be less favorable to us. In addition, our leasehold interests in leased properties have not been registered with relevant PRC government authorities as required by PRC law, which may expose us to potential fines ranging from RMB1,000 to RMB10,000 per unit leasehold.

~~The~~As ~~particulars~~of the date of this Report, we are not aware of any claims or actions being contemplated or initiated by government authorities, property owners or any other third parties with respect to our leasehold interests in or use of such properties. However, we cannot assure you that our use of such leased properties will not be challenged. In the ~~compensation~~event ~~paid~~that our use of properties is successfully challenged, we may be subject to fines and forced to relocate the ~~following~~affected ~~persons:~~operations. In addition, we may become involved in disputes with the property owners or third parties who otherwise have rights to or interests in our leased properties. We can provide no assurance that we will be able to find suitable replacement sites on terms acceptable to us on a timely basis, or at all, or that we will not be subject to material liability resulting from third parties’ challenges on our use of such properties. As a result, our business, financial condition and results of operations may be materially and adversely affected.

~~(a)~~Failure ~~our~~to ~~principal~~renew ~~executive officer; (b) each of~~ our ~~two~~current ~~most~~leases ~~highly~~or ~~compensated~~locate ~~executive~~desirable ~~officers~~alternatives ~~who~~for ~~were~~our ~~serving~~facilities ascould ~~executive~~materially ~~officers at the end of the fiscal year ended December 31, 2017;~~ and ~~(c)~~adversely upaffect ~~to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as~~ our ~~executive officer at the end of the fiscal year ended December 31, 2017~~business.

~~who~~As of March 25, 2019, we ~~will~~leased ~~collectively~~an ~~refer~~aggregate of approximately 3532 square meters of properties for our offices, logistics centers, dormitories, customer service center and physical stores. We may not be able to assuccessfully ~~the~~extend ~~named~~or ~~executive~~renew ~~officers~~such leases upon expiration of the ~~Company~~current term on commercially reasonable terms or at all, ~~are~~and ~~set~~may ~~out~~therefore inbe ~~the~~forced ~~following~~to ~~summary~~relocate ~~compensation~~our ~~table~~affected operations. This could disrupt our operations and result in significant relocation expenses, ~~except~~which ~~that~~could noadversely ~~disclosure~~affect isour ~~provided~~business, ~~for~~financial ~~any~~condition ~~named~~and ~~executive~~results ~~officer~~of operations. In addition, we compete with other ~~than~~businesses ~~the~~for ~~principal~~premises ~~executive~~at ~~officer~~certain ~~and~~locations ~~principal~~or ~~financial~~of ~~officer~~desirable sizes. As a result, ~~whose~~even ~~total~~though ~~compensation~~we ~~did~~could ~~not~~extend ~~exceed~~or ~~$100~~renew our leases,~~000~~ rental payments may significantly increase as a result of the high demand for the ~~respective~~leased ~~fiscal~~properties. ~~year~~In addition, we may not be able to locate desirable alternative sites for our facilities as our business continues to grow and such failure in relocating our affected operations could affect our business and operations.

31We ~~Table~~may not be able to prevent others from unauthorized use of ~~Contents~~our intellectual property, which could harm our business and competitive position.

2017 SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)		Bonus ($)		StockAwards ($)		OptionAwards ($)		Non-EquityIncentive PlanCompensation ($)		Change inPensionValue andNonqualifiedDeferredCompensationEarnings ($)		All OtherCompensation ($)		Total ($)
Yong Qiang Yang
President (principal	2017		0		0		0		0		0		0		0		0
executive officer)	2016		0		0		0		0		0		0		0		0
Wei Min JinChief Financial Officer (principal financial and	2017		0		0		0		0		0		0		0		0
accounting officer)	2016		0		0		0		0		0		0		0		0

We regard our trademarks, copyrights, domain names, know-how, proprietary technologies, and similar intellectual property as critical to our success, and we rely on a combination of intellectual property laws and contractual arrangements, including confidentiality, invention assignment and non-compete agreements with our employees and others to protect our proprietary rights. Although we are not aware of any copycat websites that attempt to cause confusion or diversion of traffic from us at the moment, we may become an attractive target to such attacks in the future because of our brand recognition in the online retail industry in China. Despite these measures, any of our intellectual property rights could be challenged, invalidated, circumvented or misappropriated, or such intellectual property may not be sufficient to provide us with competitive advantages. In addition, because of the rapid pace of technological change in our industry, parts of our business rely on technologies developed or licensed by third parties, and we may not be able to obtain or continue to obtain licenses and technologies from these third parties on reasonable terms, or at all.

~~Other~~36 ~~than~~Table set out below there are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive share options at the discretion of our board of directors in the future. We do not have any 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 share options may be granted at the discretion of our board of directors.Contents

~~Grants~~It is often difficult to register, maintain and enforce intellectual property rights in China. Statutory laws and regulations are subject to judicial interpretation and enforcement and may not be applied consistently due to the lack of ~~Plan~~clear guidance on statutory interpretation. Confidentiality, invention assignment and non-~~Based~~compete ~~Awards~~agreements may be breached by counterparties, and there may not be adequate remedies available to us for any such breach. Accordingly, we may not be able to effectively protect our intellectual property rights or to enforce our contractual rights in China. Policing any unauthorized use of our intellectual property is difficult and costly and the steps we take may be inadequate to prevent the misappropriation of our intellectual property. In the event that we resort to litigation to enforce our intellectual property rights, such litigation could result in substantial costs and a diversion of our managerial and financial resources. We can provide no assurance that we will prevail in such litigation. In addition, our trade secrets may be leaked or otherwise become available to, or be independently discovered by, our competitors. To the extent that our employees or consultants use intellectual property owned by others in their work for us, disputes may arise as to the rights in related know-how and inventions. Any failure in protecting or enforcing our intellectual property rights could have a material adverse effect on our business, financial condition and results of operations.

~~There~~We ~~were~~may nobe ~~grants~~subject ofto ~~plan-based~~intellectual ~~awards~~property ~~during~~infringement ~~the~~claims, ~~fiscal~~which ~~year~~may ~~ended~~be ~~December~~expensive ~~31,~~to ~~2017~~defend and may disrupt our business and operations.

~~Outstanding~~We ~~Equity~~cannot ~~Awards~~be atcertain ~~End~~that our operations or any aspects of ~~Fiscal~~our ~~Period~~business do not or will not infringe upon or otherwise violate trademarks, patents, copyrights, know-how or other intellectual property rights held by third parties. We may be from time to time in the future, subject to legal proceedings and claims relating to the intellectual property rights of others. Some of our trademarks applications may be challenged by third parties and we may not be able to successfully register such trademarks. In addition, there may be other third-party intellectual property that is infringed by our products, services or other aspects of our business. There could also be existing patents or other intellectual property rights of which we are not aware that our products may inadvertently infringe. We cannot assure you that holders of the relevant intellectual property rights purportedly relating to some aspect of our technology platform or business, if any such holders exist, would not seek to enforce such intellectual property rights against us in China, the United States of America (the “United States,” or the “U.S.”) or any other jurisdictions. In addition, we strive to closely monitor the products offered on our internet platform, and also require suppliers and third-party merchants to indemnify us for any losses we suffer or any costs that we incur in relation to the products we source from such suppliers or the products offered by such third-party merchants on our internet platform. However, we cannot be certain that these measures would be effective in completely preventing the infringement of trademarks, patents, copyrights, know-how or other intellectual property rights held by third parties. Further, the application and interpretation of China’s intellectual property right laws and the procedures and standards for granting trademarks, patents, copyrights, know-how or other intellectual property rights in China are still evolving and are uncertain, and we cannot assure you that PRC courts or regulatory authorities would agree with our analysis. If we are found to have violated the intellectual property rights of others, we may be subject to liability for our infringement activities or may be prohibited from using such intellectual property, and we may incur licensing fees or be forced to develop alternatives of our own. In addition, we may incur significant expenses, and may be forced to divert management’s time and other resources from our business and operations to defend against these third-party infringement claims, regardless of their merits. Successful infringement or licensing claims made against us may result in significant monetary liabilities and may materially disrupt our business and operations by restricting or prohibiting our use of the intellectual property in question.

~~There~~Finally, ~~were~~we nouse ~~outstanding~~open ~~equity~~source ~~awards~~software asin connection with parts of ~~December~~our 31technology platform. Companies that incorporate open source software into their own products and services have, ~~2017~~from time to time, faced claims challenging the ownership of open source software and compliance with open source license terms. As a result, we could be subject to suits by parties claiming ownership of what we believe to be open source software or noncompliance with open source licensing terms. Some open source software licenses require users who distribute open source software as part of their software to publicly disclose all or part of the source code to such software and make available any derivative works of the open source code on unfavorable terms or at no cost. Any requirement to disclose our source code or pay damages for breach of contract could be harmful to our business results of operations and financial condition.

~~Option~~We ~~Exercises~~have failed to implement and ~~Stock~~maintain ~~Vested~~an effective system of internal controls, therefore we may be unable to accurately or timely report our results of operations or prevent fraud.

~~During~~We are subject to the ~~fiscal~~reporting ~~year~~obligations ~~ended~~under ~~December~~U.S. ~~31,~~securities ~~2017,~~laws. ~~there~~Section ~~were~~404 noof ~~options~~the ~~exercised~~Sarbanes-Oxley Act of 2002 and related rules require public companies to include a report of management on their internal control over financial reporting in their annual reports. This report must contain an assessment by ~~our~~management ~~named~~of ~~executive~~the ~~officers~~effectiveness of a public company’s internal control over financial reporting. In addition, an independent registered public accounting firm for a public company must attest to and report on management’s assessment of the effectiveness of the company’s internal control over financial reporting.

~~Compensation~~37 Table of ~~Directors~~Contents

WeAs dorequired ~~not~~by ~~have~~Section ~~any~~404 ~~agreements~~of ~~for~~the ~~compensating~~Sarbanes-Oxley Act of 2002 and related rules promulgated by SEC, our ~~directors~~management ~~for~~assessed ~~their~~the ~~services~~effectiveness of our internal control over financial reporting as of December 31, 2018 using criteria established in ~~their~~Internal ~~capacity~~Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on such assessment, our management concluded that our internal control over financial reporting was not effective as ~~directors~~of December 31, 2018. In addition, our independent registered public accounting firm attested the ineffectiveness of our internal control and reported that our internal control over financial reporting was not effective as of December 31, 2018.

~~Pension~~Since we failed to maintain effective internal control over financial reporting and may continue to do so in the future, ~~Retirement~~our management may not be able to conclude that we have effective internal control over financial reporting at a reasonable assurance level. In addition, the process of designing and implementing an effective financial reporting system is a continuous effort that requires us to anticipate and react to changes in our business and the economic and regulatory environments and to expend significant resources to maintain a financial reporting system that satisfies our reporting obligations. Our failure to discover and address any other material weaknesses or ~~Similar~~deficiencies ~~Benefit~~may ~~Plans~~result in inaccuracies in our financial statements or delay in the preparation of our financial statements. As a result, our business, financial condition, results of operations and prospects, as well as the trading price of our shares, may have been or be materially and adversely affected. Ineffective internal control over financial reporting could also expose us to increased risk of fraud or misappropriations of corporate assets and subject us to potential delisting from the stock exchange on which our shares are listed, regulatory investigations or civil or criminal sanctions.

~~There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers.~~ We ~~have no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or~~ may beneed ~~paid~~additional ~~to our directors or executive officers~~capital, ~~except~~and ~~that~~financing ~~stock options~~ may not be ~~granted~~available aton ~~the~~terms ~~discretion~~acceptable ofto ~~the~~us, ~~board of directors~~ or aat ~~committee thereof~~all.

32We ~~Table~~believe our current cash and cash equivalents, short-term investments and anticipated cash flow from operations will be sufficient to meet our anticipated cash needs for the next 12 months. We may, however, require additional cash resources due to changed business conditions or other future developments, including any marketing initiatives or investments we may decide to pursue. If these resources are insufficient to satisfy our cash requirements, we may seek to obtain a credit facility or sell additional equity or debt securities. The sale of ~~Contents~~additional equity securities could result in dilution of our existing shareholders. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financing covenants that would restrict our operations. It is uncertain whether financing will be available in amounts or on terms acceptable to us, if at all.

~~Item~~We ~~12.~~may ~~Security~~fail ~~Ownership~~to ofachieve ~~Certain~~and ~~Beneficial~~maintain ~~Owners~~profitability ~~and~~or ~~Management~~obtain sufficient capital to fund our operations and ~~Related~~continue ~~Stockholder~~as ~~Matters~~a going concern.

The ~~following~~Company ~~table~~has ~~sets~~incurred ~~forth~~accumulated ~~certain~~deficit ~~information~~of ~~concerning~~$235,867 ~~the~~and ~~number~~$187,138 as of ~~shares~~and offor the ~~Company's~~period ~~common~~ended ~~stock~~December ~~owned~~31, ~~beneficially~~2018 asand ofDecember ~~March 29~~31, ~~2018,~~2017 ~~by:~~respectively. ~~(i)~~We ~~each~~therefore ~~person~~believe ~~(including~~there ~~any~~may ~~group)~~be ~~known~~some doubts with respect to usthe Company’s ability to ~~own~~continue ~~more~~as ~~than~~a ~~five~~going ~~percent~~concern, ~~(5%)~~which ofwould ~~any~~depend ~~class~~on the ability of ~~its~~the ~~voting~~Company ~~securities,~~to ~~(ii)~~obtain ~~each~~adequate capital to fund operating losses until it becomes profitable and the ability of the Company's ~~directors,~~to ~~(iii)~~achieve ~~each~~and ofmaintain profitability and positive cash flow from operating activities. If the Company's ~~named~~would ~~executive~~not ~~officers;~~be able to obtain sufficient capital to fund its operations or it would fail to achieve and ~~(iv)~~maintain ~~officers~~profitability and ~~directors~~positive ascash aflow, ~~group~~it may be forced to cease operations. ~~Unless~~Our ~~otherwise~~ability ~~indicated~~to achieve and maintain profitability and positive cash flow from operating activities depends on various factors, including our ability to grow revenue and control our costs and expenses, the ~~shareholder~~effectiveness ~~listed~~of ~~possesses~~our ~~sole~~selling ~~voting~~and marketing activities, consumer acceptance of our products and ~~investment~~the ~~power~~growth ~~with~~and ~~respect~~maintenance of our customer base. We may fail to ~~the~~achieve ~~shares~~or ~~shown~~sustain profitability or positive cash flow from operating activities, or fail to obtain sufficient capital to fund our operations.

Title of Class	Name of Beneficial Owner	Amount and Nature of Beneficial Ownership (2)		Percentage of Common Stock (1)
DIRECTORS AND EXECUTIVE OFFICERS
Common Stock	Yong Qiang Yang		82,500,000		28.5	%
	Wei Min Jin		67,500,000		23.3	%
Common Stock	All Directors and Executive Officers as a Group (2 persons)		150,000,000		51.8	%

We have limited insurance coverage which could expose us to significant costs and business disruption.

Notes:
(1)	Based on 289,333,360 shares of the Company's common stock issued and outstanding as of March 29, 2018. Under Rule 13d-3, 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 March 29, 2018.
(2)	On November 11, 2015, a change in control of the Company occurred. On that date, Walter Lee, our then-sole officer and director, sold certain of his shares in a private transaction to Yong Qiang Yang and Wei Min Jin, who subsequently became offices and directors of the Company. The shares sold represented an aggregate of 15,000,000 shares of the Company's Common Stock prior to the forward stock split on February 5, 2016. Mr. Lee sold the remainder of his shares to other individuals in separate transactions not involving a public sale or distribution. Walter Lee was the record holder of 20,000,000 shares of Common Stock prior to the forward stock split on February 5, 2016. After the sale of stock, Walter Lee had no further ownership of any voting securities of the Company. On February 5, 2016, a 10-for-1 forward stock split became effective and the issued and outstanding shares of common stock of the Company became 289,333,360.

We maintain certain insurance policies to safeguard against risks and unexpected events. We have purchased all risk property insurance covering our inventory in all of our logistics centers and certain fixed assets such as equipment, furniture and office facilities. We do not maintain cargo transportation insurance, although we may request courier companies to purchase insurance covering our products in our agreements with them. We purchased third-party liability insurance covering our merchandise sales products against claims from consumers in relation to alleged defects in product quality. For certain of our logistics staff, we purchased personal injury insurance. However, as the insurance industry in China is still in an early stage of development, insurance companies in China currently offer limited business-related insurance products. We do not maintain business interruption insurance, nor do we maintain key-man life insurance on our directors or officers. We cannot assure you that our insurance coverage is sufficient to prevent us from any loss or that we will be able to successfully claim our losses under our current insurance policy on a timely basis, or at all. If we incur any loss that is not covered by our insurance policies, or the compensated amount is significantly less than our actual loss, our business, financial condition and results of operations could be materially and adversely affected.

~~Changes~~38 inTable ~~Control~~of Contents

We ~~are~~face ~~unaware~~risks ofrelated ~~any~~to ~~contract~~natural ordisasters, ~~other~~health ~~arrangement~~epidemics ~~the~~and ~~operation~~other ofoutbreaks, which ~~may~~could atsignificantly adisrupt ~~subsequent date result in a change in control of~~ our ~~company~~operations.

~~Item~~Our 13business could be adversely affected by natural disasters or the outbreak of avian influenza, severe acute respiratory syndrome, or SARS, the influenza A (H1N1), H7N9, the Ebola virus or another epidemic. ~~Certain~~Any ~~Relationships~~of ~~and~~such ~~Related~~occurrences ~~Transactions~~could cause severe disruption to our daily operations, and ~~Director~~may ~~Independence~~even require a temporary closure of our facilities. Such closures may disrupt our business operations and adversely affect our results of operations. Our operation could also be disrupted if our suppliers, customers or business partners were affected by such natural disasters or health epidemics.

AsRisks atRelated December 31, 2017 and 2016, we owed our related party $137,161 and $105,167, respectively, for expenses they paid on our behalf. Yong Qiang Yang, our President and Wei Min Jin, our Chief Financial Officer, have beneficial interests in this party. The total amounts owed are unsecured and non-interest bearing. This related company has agreed not to ~~demand~~Our ~~repayment~~Corporate ~~until the Company is financially capable to do so~~Structure.

~~Director~~If ~~Independence~~the PRC government deems that the contractual arrangements in relation to our variable interest entities do not comply with PRC regulatory restrictions on foreign investment in the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.

~~Our~~Foreign ~~Board~~ownership of ~~Directors~~internet-based ~~has~~businesses, ~~determined~~including ~~that~~online itretail ~~does~~businesses and distribution of online information, is subject to restrictions under current PRC laws and regulations. For example, foreign investors are generally not allowed to own more than 50% of the equity interests in a value-added telecommunication service provider (except for the e-commerce business) and any such foreign investor must have experience in providing value-added telecommunications services overseas and maintain a ~~member~~good ~~that~~track isrecord ~~"independent"~~in asaccordance with the ~~term~~Guidance isCatalog ~~used~~of Industries for Foreign Investment promulgated in ~~Item~~2007, ~~7(d)~~as amended in 2018, or the Catalog and other applicable laws and regulations. As provided for under the amendment to the Special Management Measures (3Negative List) for the Access of Foreign Investment (iv2018), ofwhich ~~Schedule~~became ~~14A~~effective ~~under~~in July, 2018, “e-commerce business” is an exception to the ~~Securities~~above ~~Exchange~~restriction ~~Act~~on offoreign ~~1934~~investment. However, asthe above amended Catalog does not define the “e-commerce business,” and its interpretation and enforcement involve significant uncertainties, therefore, we cannot assure you that whether our online retail business and distribution of online information falls into the “e-commerce business” and thus, whether we are permitted to conduct our value-added telecommunication services in the PRC through our subsidiaries in which foreign investors own more than 50% of equity interests.

33Material ~~Table~~Adverse Effect upon the Company of ~~Contents~~PRC’s Credit Restrictions.

~~Item~~The 14Company faces increasing competition from other distributors of substantially similar products and manufacturers themselves, both foreign and Chinese. ~~Principal~~The ~~Accounting~~Company ~~Fees~~faces its principal competition from foreign manufacturers and ~~Services~~other distributors of their products situated in Hong Kong and the PRC. Competition may cause purchaser demands for price reductions and reduced profit margin.

~~The~~Uncertainty ~~aggregate fees billed for the years ended December 31, 2017 and 2016 for professional services rendered by the principal accountants for the audit~~ of ~~our~~Enforcing ~~annual~~United ~~financial~~States statements and review of the financial statements included in our quarterly reports on Form 10-Q 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:Judgments.

	For the YearEnded December 31,2017		For the YearEndedDecember 31,2016
Audit Fees (1)	$	11,600	$	11,500
Audit Related Fees (2)		-		--
Tax Fees (3)		-		--
All Other Fees (4)		-		--
Total	$	11,600	$	11,500

There is some uncertainty whether Cayman courts would enforce judgments of the courts of the United States and of other foreign jurisdictions, or enforce actions brought in the Cayman which are based upon the securities laws of the United States. A final monetary judgment obtained in the United States will be treated as a cause of action in itself by the Cayman courts so that no retrial of the issues would be necessary, provided that material preconditions are met and the proceedings pursuant to which judgment was obtained were not contrary to the rules of natural justice.

~~_________________~~All of the Company’s directors and executive officers reside outside of the United States, service of process upon the Company and such persons may be difficult to effect in the United States upon all such directors and officers.

(1)	Audit fees consist of fees incurred for professional services rendered for the audits of our financial statements, for reviews of our interim financial statements included in our quarterly reports on Form 10-Q and for services that are normally provided in connection with statutory or regulatory filings or engagements.
(2)	Audit-related fees consist of fees billed for professional services that are reasonably related to the performance of the audit or review of our financial statements, but are not reported under "Audit fees."
(3)	Tax fees consist of fees billed for professional services relating to tax compliance, tax planning, and tax advice.
(4)	All other fees consist of fees billed for all other services.

All of the Company’s assets are and will be located outside of the United States, in Hong Kong and the PRC, and any judgment obtained in the United States may not be enforced in those jurisdictions. Hong Kong courts will not directly enforce against the Company or such persons judgments obtained in the United States. There is also substantial doubt as to the enforceability in the PRC of actions to enforce judgments of the United States’ courts arising out of or based on the ownership of the securities, including judgments arising out of or based on the civil liability provisions of United States federal or state securities laws or otherwise.

~~Our~~39 ~~board~~Table of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.Contents

~~Our~~Risks ~~board~~Related ~~of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated~~ to ~~the~~Doing ~~audit~~Business isin ~~compatible with maintaining our independent auditors' independence.~~China

34PRC ~~Table~~sovereignty ofover ~~Contents~~Hong Kong is still developing.

~~PART~~The IVCompany’s principal executive office is located in Hong Kong, a Special Administrative Region of China (or “SAR;” Hong Kong is sometimes herein referred to as the “Hong Kong SAR”).

~~Item~~As 15provided in the Sino-British Joint Declaration on the Question of Hong Kong (the “Joint Declaration”) and the Basic Law of the Hong Kong SAR of China (the “Basic Law”), the Hong Kong SAR is provided a high degree of autonomy except in foreign and defense affairs. ~~Exhibits~~The PRC’s political system and policies are not practiced in Hong Kong. Under this principle of “one country, ~~Financial~~two ~~Statement~~systems,” ~~Schedules~~Hong Kong maintains a legal system that is based on common law and is different from that of the PRC.

~~Exhibits~~There is friction between Hong Kong residents pressing for greater democracy and the new government leadership in Beijing. The formula for the preservation of Hong Kong’s independent legal and economic system under Chinese sovereignty has been referred to as “one country, two systems.” There appears to be a deep suspicion that Hong Kong’s democracy advocates are being manipulated by the United States to cause difficulties at China’s doorstep as regional tensions rise, i.e. as China has been asserting territorial claims in the East and South China Seas. The foregoing is raising concerns that civil liberties in Hong Kong may be eroded in the years to come. At this point in time it is not possible to predict if this trend will continue and what effect it will have on the Company, if any.

InThe ~~reviewing~~Company’s ~~the~~results ~~agreements~~of ~~included~~operations ~~as exhibits to this Annual Report on Form 10-K, please remember that they are included to provide you with information regarding their terms~~ and ~~are~~financial ~~not~~condition ~~intended to provide any other factual or disclosure information about the Company or the other parties to the agreements. The agreements~~ may ~~contain~~be ~~representations~~influenced ~~and warranties~~ by ~~each of~~ the ~~parties~~political tosituation ~~the~~in ~~applicable~~Hong ~~agreement.~~Kong ~~These representations~~ and ~~warranties~~by ~~have been made solely for~~ the ~~benefit~~general state of the ~~parties~~Hong toKong ~~the applicable agreement and:~~economy.

·There ~~should~~can ~~not~~be inno ~~all~~assurance ~~instances~~that bethese ~~treated~~past, asor ~~categorical~~any ~~statements~~prospective offuture, ~~fact~~changes in political, ~~but~~economic ~~rather~~or ascommercial aconditions ~~way~~in ofHong ~~allocating~~Kong and the ~~risk~~PRC towill ~~one~~not ofresult ~~the~~in ~~parties~~a ifmaterial ~~those~~adverse ~~statements~~effect ~~prove~~upon tothe ~~be inaccurate;~~Company.

·Economic ~~have~~stability ~~been qualified by disclosures that were made to the other party~~ in ~~connection with~~ the ~~negotiation~~far ofeast ~~the~~is ~~applicable agreement, which disclosures are not necessarily reflected in the agreement;~~uncertain.

·Some ~~may~~economies ~~apply~~in ~~standards~~the Far East have suffered from an economic instability. There can be no assurance that there will be a recovery, most especially in light of ~~materiality~~the recent global economic downturn. Continued growth in athe ~~way~~PRC ~~that~~depends on an adequate supply of energy. There is ~~different~~no ~~from~~assurance ~~what~~that ~~may~~adequate supplies of energy can be ~~viewed~~developed asor ~~material~~found to ~~you~~fuel orthe ~~other~~PRC’s ~~investors;~~continued ~~and~~economic growth.

·A ~~were~~severe ~~made~~or ~~only~~prolonged asglobal ofeconomic ~~the~~recession ~~date~~and of the ~~applicable~~slowdown ~~agreement~~in orthe ~~such~~Chinese ~~other~~economy ~~date~~may oradversely ~~dates~~affect asour ~~may~~business, beresults ~~specified~~of inoperations ~~the agreement~~ and ~~are~~financial ~~subject to more recent developments~~condition.

~~Accordingly~~The global macroeconomic environment is facing challenges, ~~these~~including ~~representations~~the escalation of the European sovereign debt crisis since 2011, the end of quantitative easing by the U.S. Federal Reserve, the economic slowdown in the Eurozone in 2014 and ~~warranties~~uncertainties ~~may~~over ~~not~~the ~~describe~~impact of Brexit. There is considerable uncertainty over the ~~actual~~long-term ~~state~~effects of ~~affairs~~the asexpansionary monetary and fiscal policies adopted by the central banks and financial authorities of some of the ~~date~~world’s ~~they~~leading ~~were~~economies, ~~made~~including orthe atUnited ~~any~~States ~~other~~and ~~time~~China. ~~Additional~~There ~~information~~have ~~about~~been ~~the~~concerns ~~Company~~over ~~may~~unrest beand ~~found~~terrorist ~~elsewhere~~threats in ~~this~~the ~~Annual~~Middle ~~Report~~East, onAfrica, ~~Form~~Ukraine ~~10-K~~ and Syria. There have also been concerns about the ~~Company's~~tensions in the relationship among China and other ~~public~~countries, ~~filings~~including surrounding Asian countries, which may potentially have various economic effects, such as foreign investors closing down their business or withdrawing their investment in China and thus existing the China market. Economic conditions in China are ~~available~~sensitive ~~without~~to ~~charge~~global ~~through~~economic conditions, as well as changes in domestic economic and political policies and the ~~SEC's~~expected ~~website~~or atperceived ~~http://www~~overall economic growth rate in China.~~sec~~ Any prolonged slowdown in the global or Chinese economy may have a negative impact on our business, results of operations and financial condition.~~gov~~ In addition, continued turbulence in the international markets may adversely affect our ability to access capital markets to meet liquidity needs.

~~The~~40 ~~following~~Table ~~exhibits are included as part~~ of ~~this report:~~Contents

Exhibit Number		Exhibit Description
3.1		Articles of Incorporation (incorporated by reference to Exhibit 3.1 to Registration Statement on Form S-1 filed by the Company with the Securities and Exchange Commission on April 28, 2014)
3.2		Certificate of Amendment (incorporated by reference to Exhibit 3.2 to Registration Statement on Form S-1 filed by the Company with the Securities and Exchange Commission on April 28, 2014)
3.3		Certificate of Amendment (incorporated by reference to Exhibit 3.3 to Form 10-Q for quarterly period ended June 30, 2016 filed by the Company with the Securities and Exchange Commission on August 15, 2016)
3.4		Bylaws (incorporated by reference to Exhibit 3.3 to Registration Statement on Form S-1 filed by the Company with the Securities and Exchange Commission on April 28, 2014)
31.1*		Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
31.2*		Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
32.1*		Section 1350 Certification of Chief Executive Officer and Chief Financial Officer.

The PRC’s economic, political and social conditions; slowdown in growth.

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

The PRC economy differs from the economies of most developed countries in many respects, including the amount of government involvement, level of development, growth rate, and control of foreign exchange and allocation of resources. While the PRC economy has experienced significant growth in the past thirty years, growth has been uneven, both geographically and among the various sectors of the economy. The PRC government has implemented various measures to encourage economic growth and guide the allocation of resources. Some of these measures benefit the overall PRC economy, but may also have a negative effect on us. For example, our financial condition and results of operations may be adversely affected by changes in applicable tax regulations, rates of currency exchange, inflation and effects to curb inflation.

~~______________~~The PRC economy appears to be moving from a planned economy to a more market-oriented economy. Although the PRC government has implemented measures since the late 1970s emphasizing the utilization of market forces for economic reform, the reduction of state ownership of productive assets and the establishment of improved corporate governance in business enterprises, a substantial portion of productive assets in the PRC are still owned by the PRC government. In addition, the PRC government continues to play a significant role in regulating industry development by imposing industrial policies. The PRC government also exercises significant control over the PRC’s economic growth through the allocation of resources, controlling payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular industries or companies. According to the National Bureau of Statistics of China, China’s gross domestic product (GDP) annual growth rate increased slightly from 6.7% in 2016 to 6.9% in 2017. Although past predictions have not always proven reliable, if these predictions prove accurate, they, as well as future actions and policies of the PRC government, could suffer a material adverse effect.

*Also, ~~Filed~~financial ~~herewith~~reporting suggests a real estate “bubble” exists in the PRC. If a real estate “bubble” truly exists in the PRC and it bursts, the PRC’s economy and the Company could suffer a material adverse effect.

~~Item~~The ~~16.~~success ~~Form~~of ~~10-K~~the ~~Summary~~Company’s activities in the PRC depends on the Company’s continued ability to overcome circumstances specifically effecting the industrial sector, including the relatively poor infrastructure, road transportation and communications network and an uncertain legal and regulatory environment.

~~None~~We may be impacted by inflation in PRC.

35Inflation ~~Table~~in China has not affected our results of ~~Contents~~operations in recent years. According to the National Bureau of Statistics of China, the year-over-year percent changes in the consumer price index for December 2016, 2017 and 2018 were increases of 2.1%, 1.8% and 1.9%, respectively. Although we have not been affected by inflation in the past, we may be affected if China experiences higher rates of inflation in the future.

~~SIGNATURES~~The PRC legal system embodies uncertainties which could limit the available legal protections and expand the government’s power.

~~Pursuant~~The PRC legal system is a civil law system based on written statutes. Unlike common law systems, it is a system in which decided legal cases have little precedential value. In 1979, the PRC government began to promulgate a comprehensive system of laws and regulations governing economic matters in general. The overall effect of legislation over the ~~requirements~~past three decades has significantly enhanced the protections afforded to various forms of ~~Section~~foreign 13investment in China. However, these laws, regulations and legal requirements change frequently, and their interpretation and enforcement involve uncertainties. For example, we may have to resort to administrative and court proceedings to enforce the legal protection that we enjoy either by law or 15contract. However, since PRC administrative and court authorities have significant discretion in interpreting and implementing statutory and contractual terms, it may be more difficult to evaluate the outcome of administrative and court proceedings and the level of legal protection we enjoy than in more developed legal systems. In addition, such uncertainties, including the inability to enforce our contracts, could materially and adversely affect our business and operations. Furthermore, the PRC legal system is based in part on government policies and internal rules (dsome 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 sometime after the ~~Securities~~violation. ~~Exchange~~In ~~Act~~addition, any litigation in China may be protracted and result in substantial costs and diversion of ~~1934~~resources and management attention. Furthermore, intellectual property rights and confidentiality protections in China may not be as effective as in the ~~registrant~~United ~~has~~States ~~duly~~or ~~caused~~other ~~this~~countries. ~~Annual~~Accordingly, ~~Report~~we oncannot ~~Form~~predict ~~10-K~~the effect of future developments in the PRC legal system, particularly with regard to bethe ~~signed~~media, onecommerce, ~~its~~education, ~~behalf~~advertising and retail industries, including the promulgation of new laws, changes to existing laws or the interpretation or enforcement thereof, or the preemption of local regulations by national laws. These uncertainties could limit the ~~undersigned~~legal protections available to us, ~~thereunto~~and ~~duly~~our ~~authorized~~foreign investors, including you.

	LOVE INTERNATIONAL GROUP, INC.
Date: April 3, 2018	By:	/s/ Yong Qiang Yang
		Yong Qiang Yang
		President

Table of Contents

~~Pursuant~~The toPRC ~~the~~government ~~requirements~~imposes ofcurrency ~~the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated~~controls.

Signature	Title	Date
/s/ Yong Qiang Yang	President and Director	April 3, 2018
Yang Yong Qiang	(Principal Executive Officer)
/s/ Wei Min Jin	Chief Financial Officer and Director	April 3, 2018
Wei Min Jin	(Principal Financial and Accounting Officer)

The PRC government imposes controls on the convertibility of the RMB into foreign currencies and, in certain cases, the remittance of currency out of China. We receive substantial part of our revenues in RMB. Under existing PRC foreign exchange regulations, payments of current account items, including profit distributions, interest payments and trade and service-related foreign exchange transactions, can be made in foreign currencies without prior approval by complying with certain procedural requirements. However, approval from or registration with appropriate government authorities is required where RMB is to be converted into foreign currency and remitted out of China to pay capital expenses such as the repayment of loans denominated in foreign currencies. The PRC government may also at its discretion restrict access to foreign currencies for current account transactions in the future.

36There is a foreign currency risk.

~~LOVE~~The ~~INTERNATIONAL~~Company ~~GROUP~~operates in Hong Kong, ~~INC~~the PRC and trades with both local and overseas customers and suppliers, and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to purchases in, Hong Kong dollar, Renminbi, US dollars, the Japanese yen and Euro. Foreign exchange risk arises from committed and unmatched future commercial transactions, such as confirmed import purchase orders and sales orders, recognized assets and liabilities, and net investment in the PRC operations.

~~INDEX~~Because TOour ~~AUDITED~~revenues ~~FINANCIAL~~are ~~STATEMENTS~~generated in Renminbi and our results are reported in U.S. dollars, ongoing devaluation of the Renminbi could negatively impact our results of operations.

~~FOR~~The ~~THE~~value ~~YEARS~~of ~~ENDED~~the ~~DECEMBER~~Renminbi 31against the U.S. dollar and other currencies is affected by, ~~2017~~among ~~AND~~other things, changes in China’s political and economic conditions and China’s foreign exchange policies. The conversion of Renminbi into foreign currencies, including U.S. dollars, is based on rates set by the People’s Bank of China. In July 2005, the PRC government changed its decades-old policy of pegging the value of the RMB to the U.S. dollar, and the RMB appreciated more than 20% against the U.S. dollar over the following three years. Between July 2008 and June 2010, this appreciation halted and the exchange rate between the RMB and the U.S. dollar remained within a narrow band. Since June 2010, the RMB has fluctuated against the U.S. dollar, at times significantly and unpredictably, and in recent years the RMB has depreciated significantly against the U.S. dollar. Since October 1, 2016, the RMB has joined the International Monetary Fund (IMF)’s basket of currencies that make up the Special Drawing Right (SDR), along with the U.S. dollar, the Euro, the Japanese yen and the British pound. In the fourth quarter of 2016, the RMB has depreciated significantly in the backdrop of a surging U.S. dollar and persistent capital outflows of China. This depreciation halted in 2017, and the RMB appreciated approximately 7% against the U.S. dollar during this one-year period. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the Renminbi and the U.S. dollar in the future. There remains significant international pressure on the Chinese government to adopt a flexible currency policy to allow the Renminbi to appreciate against the U.S. dollar. Significant revaluation of the Renminbi may have a material adverse effect on your investment. Substantial part of our revenues and costs are denominated in Renminbi.

		Page
Report of Independent Registered Public Accounting Firms– Centurion ZD CPA Limited		F-2
Balance Sheets		F-3
Statements of Operations		F-4
Statements of Stockholders' Equity		F-5
Statements of Cash Flows		F-6
Notes to Financial Statements		F-7

Very limited hedging options are available in China to reduce our exposure to exchange rate fluctuations. To date, we have not entered into any hedging transactions in an effort to reduce our exposure to foreign currency exchange risk. While we may decide to enter into hedging transactions in the future, the availability and effectiveness of these hedges may be limited and we may not be able to adequately hedge our exposure or at all. In addition, our currency exchange losses may be magnified by PRC exchange control regulations that restrict our ability to convert Renminbi into foreign currency. As a result, fluctuations in exchange rates may have a material adverse effect on your investment.

~~F-1~~42 Table of Contents

~~REPORT~~We OFare ~~INDEPENDENT~~subject ~~REGISTERED~~to ~~PUBLIC~~international ~~ACCOUNTING~~economic ~~FIRM~~and political risks, over which we have little or no control.

ToDoing business entirely outside the ~~Stockholders~~U.S. subjects us to various risks, including changing economic and ~~the~~political ~~Board~~conditions, ofexchange ~~Directors~~controls, currency fluctuations, armed conflicts and unexpected changes in United States and foreign laws relating to tariffs, trade restrictions, transportation regulations, foreign investments and taxation. We have no control over most of ~~Love~~these ~~International~~risks ~~Group~~and other unforeseeable risks and may be unable to anticipate changes in international economic and political conditions and, ~~Inc~~therefore, unable to alter our business practice in time to avoid the adverse effect of any of these changes.

~~Opinion~~The international financial crisis and economic conditions may have a material adverse impact on ~~the~~our ~~Financial~~business ~~Statements~~and financial conditions.

WeWith ~~have~~deteriorating ~~audited~~worldwide ~~the accompanying balance sheets of Love International Group~~economies, ~~Inc.~~global ~~(the~~markets ~~“Company”)~~have asexperienced ofsignificant ~~December~~turmoil ~~31, 2017~~ and ~~2016,~~upheavals ~~and~~characterized ~~the~~by ~~related~~extreme ~~statements~~volatility ~~of operations, stockholders’ deficit~~ and ~~cash flows for each of~~ the ~~two~~volatility ~~years~~ in ~~the~~prices ~~period~~and ~~ended~~securities ~~December~~and 31commodities, ~~2017,~~diminished ~~and~~credit ~~the~~availability, ~~related~~inability ~~notes (collectively referred~~ to asaccess ~~the~~capital ~~“financial~~markets, ~~statements”).~~waves Inof ~~our opinion~~bankruptcies, ~~the~~high ~~financial~~unemployment ~~statements~~and ~~present~~declining ~~fairly,~~consumer inand ~~all~~business ~~material~~confidence. ~~respects,~~It ~~the~~appears ~~financial~~that ~~position~~international ofeconomic ~~the~~deterioration ~~Company~~has atnegatively ~~December~~impacted ~~31,~~our ~~2017~~revenue and ~~2016,~~other ~~and the~~ results of ~~its~~operation. ~~operations~~We ~~and~~cannot ~~its~~predict ~~cash~~the ~~flows~~short ~~for~~and ~~each~~long-term impact of ~~the~~these ~~two~~events ~~years~~on inour ~~the~~business ~~period~~and ~~ended~~financial ~~December~~condition ~~31,~~that ~~2017,~~may inbe ~~conformity~~materially ~~with~~and ~~U.S.~~adversely ~~generally~~affected ~~accepted~~in ~~accounting~~the ~~principles~~future.

The ~~accompanying~~PRC ~~financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company~~ has ahad ~~working~~turbulent ~~capital~~relations ~~deficiency~~with and accumulated deficit from recurring net losses as of December 31, 2017 and 2016. All these factors raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the ~~outcome~~United ~~of this uncertainty~~States.

~~Basis~~Differences ~~for~~between ~~Opinion~~the U.S. and PRC governments on some political issues continue occasionally to color their relationship. These occasional controversies could materially and adversely affect our business and operations. Political or trade friction between the two countries could also materially and adversely affect the market price of our shares, whether or not they adversely affect our business.

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

We ~~conducted~~are ~~our~~an ~~audits~~“emerging ingrowth ~~accordance~~company” ~~with~~and ~~the standards of the PCAOB. Those standards require that~~ we ~~plan~~cannot ~~and~~be ~~perform~~certain ~~the~~if ~~audit to obtain reasonable assurance about whether~~ the ~~financial~~reduced ~~statements~~reporting ~~are~~requirements ~~free~~applicable ~~of material misstatement, whether due~~ to ~~error~~emerging orgrowth ~~fraud.~~companies ~~The~~will ~~Company~~make ~~is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of~~ our ~~audits~~common westock ~~are~~less ~~required~~attractive to ~~obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting~~investors. ~~Accordingly, we express no such opinion.~~

~~Our~~We ~~audits~~are ~~included~~an ~~performing~~“emerging ~~procedures~~growth tocompany” ~~assess~~as defined in the ~~risks~~JOBS ofAct. ~~material~~For ~~misstatement~~as oflong ~~the~~as ~~financial~~we ~~statements~~continue to be an emerging growth company, ~~whether~~we ~~due~~may take advantage of exemptions from various reporting requirements that are applicable to ~~error~~other orpublic ~~fraud~~companies that are not emerging growth companies, ~~and~~including ~~performing~~(1) ~~procedures~~not ~~that~~being ~~respond~~required to ~~those~~comply ~~risks.~~with ~~Such~~the ~~procedures~~auditor ~~included~~attestation ~~examining~~requirements of Section 404 of the Sarbanes-Oxley Act of 2002, onor athe ~~test~~Sarbanes-Oxley ~~basis~~Act, ~~evidence~~(2) reduced disclosure obligations regarding ~~the~~executive ~~amounts~~compensation in this Report and ~~disclosures~~our inperiodic reports and proxy statements and (3) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. In addition, as an emerging growth company, we are only required to provide two years of audited financial statements and two years of selected financial data in this Report. ~~Our~~We ~~audits~~could ~~also~~be ~~included~~an ~~evaluating~~emerging growth company for up to five years, although circumstances could cause us to lose that status earlier, including if the ~~accounting~~market ~~principles~~value ~~used~~of ~~and~~our ~~significant~~common ~~estimates~~stock ~~made~~held by ~~management~~non-affiliates exceeds $700.0 million as of any June 30 before that time or if we have total annual gross revenue of $1.1 billion or more during any fiscal year before that time, in which cases we would no longer be an emerging growth company as ~~well~~of the following June 30, or if we issue more than $1.0 billion in non-convertible debt during any three-year period before that time, in which case we would no longer be an emerging growth company immediately. Even after we no longer qualify as ~~evaluating~~an emerging growth company, we may still qualify as a “smaller reporting company” which would allow us to take advantage of many of the ~~overall~~same ~~presentation~~exemptions from disclosure requirements including not being required to comply with the auditor attestation requirements of Section 404 of the ~~financial~~Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in this Report and our periodic reports and proxy statements. We ~~believe~~cannot ~~that~~predict if investors will find our ~~audits~~common ~~provide~~stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a ~~reasonable~~result, ~~basis~~there may be a less active trading market for our ~~opinion~~common stock and our share price may be more volatile.

~~/s/~~Under ~~Centurion~~the ZDJOBS ~~CPA~~Act, ~~Limited~~ emerging growth companies can also delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have irrevocably elected not to avail ourselves of this exemption from new or revised accounting standards and, therefore, will be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies.

~~Centurion~~43 ZDTable ~~CPA~~of ~~Limited~~Contents

WeThere has ~~have~~not ~~served~~been asan active public market for our common stock so the ~~Company's~~price of ~~auditor~~our ~~since~~common ~~2016.~~stock could be volatile and could decline following this offering at a time when you want to sell your holdings.

~~Hong~~Our ~~Kong~~common stock is traded on the OTC Markets Pink tier under the symbol LOVV. Our common stock is not actively traded and the price of our common stock may be volatile. Accordingly, ~~China~~ our common stock is highly illiquid and you will likely experience difficulty in re-selling such shares at times and prices that you may desire and without depressing the market price for the shares or at all. Numerous factors, many of which are beyond our control, may cause the market price of our common stock to fluctuate significantly. These factors include:

~~April~~· 3,expiration ~~2018~~ of lock-up agreements;

~~F-2~~· ~~Table~~our earnings releases, actual or anticipated changes in our earnings, fluctuations in our operating results or our failure to meet the expectations of ~~Contents~~financial market analysts and investors;

~~LOVE~~· ~~INTERNATIONAL~~changes ~~GROUP,~~in ~~INC.~~financial estimates by us or by any securities analysts who might cover our stock;

~~Balance~~· ~~Sheets~~speculation about our business in the press or the investment community;

As· ofsignificant ~~December~~developments ~~31,~~relating ~~2017~~to ~~and~~our ~~2016~~relationships with our customers or suppliers;

	2017			2016
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	-		$	-
Prepaid expenses		20,000			25,000
Total current assets		20,000			25,000
TOTAL ASSETS	$	20,000		$	25,000
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	7,661		$	-
Due to related party		137,161			105,167
Total current liabilities		144,822			105,167
STOCKHOLDERS' DEFICIT
Common stock, $0.0001 par value, 1,000,000,000 shares authorized, 289,333,360 shares issued and outstanding, respectively		28,933			28,933
Additional paid-in capital		33,383			33,383
Accumulated deficit		(187,138	)		(142,483	)
TOTAL STOCKHOLDERS' DEFICIT		(124,822	)		(80,167	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	20,000		$	25,000

stock market price and volume fluctuations of other publicly traded companies and, in particular, those that are in the video game industry;

~~The~~· ~~accompanying~~customer ~~notes~~demand ~~are~~for anour ~~integral part of these financial statements.~~products;

~~F-3~~· ~~Table~~investor perceptions of ~~Contents~~the video game industry in general and our company in particular;

~~LOVE~~· ~~INTERNATIONAL~~the ~~GROUP,~~operating ~~INC.~~and stock performance of comparable companies;

~~Statements~~· ofgeneral ~~Operations~~economic conditions and trends;

~~Years~~· ~~Ended~~major ~~December~~catastrophic ~~31, 2017 and 2016~~events;

	2017			2016
REVENUES	$	-		$	-
EXPENSES
General and administrative		205			834
Professional fees		44,450			50,375
Total expenses		44,655			51,209
Loss before income taxes		(44,655	)		(51,209	)
Income tax		-			-
NET LOSS	$	(44,655	)	$	(51,209	)
BASIC AND DILUTED LOSS PER SHARE	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED*		289,333,360			289,333,360

announcements by us or our competitors of new products, significant acquisitions, strategic partnerships or divestitures;

*Post· achanges ~~forward~~in ~~ten~~accounting ~~for~~standards, ~~one~~policies, ~~stock~~guidance, ~~split~~interpretation ~~effective~~or ~~on February 5, 2016.~~principles;

~~The~~· ~~accompanying~~failure ~~notes~~to ~~are~~maintain ancompliance ~~integral~~with ~~part~~Nasdaq ~~of these financial statements.~~rules;

~~F-4~~· ~~Table~~sales of ~~Contents~~our common stock, including sales by our directors, officers or significant stockholders; and

~~LOVE~~· ~~INTERNATIONAL~~additions ~~GROUP,~~or ~~INC~~departures of key personnel.

~~Statements~~Securities class action litigation is often instituted against companies following periods of ~~Stockholders'~~volatility ~~Deficit~~in their stock price. This type of litigation could result in substantial costs to us and divert our management’s attention and resources.

~~Years~~Moreover, ~~Ended~~securities ~~December~~markets ~~31,~~may ~~2017~~from time to time experience significant price and ~~2016~~volume fluctuations for reasons unrelated to operating performance of particular companies. These market fluctuations may adversely affect the price of our common stock and other interests in our company at a time when you want to sell your interest in us.

					Additional					Total
	Common stock				Paid-in		Accumulated			Stockholders'
	Shares*		Amount		Capital		Deficit			Deficit
Balance, January 1, 2016		289,333,360	$	28,933	$	33,383	$	(91,274	)	$	(28,958	)
Net loss		-		-		-		(51,209	)		(51,209	)
Balance, December 31, 2016 and January 1, 2017		289,333,360	$	28,933	$	33,383	$	(142,483	)	$	(80,167	)
Net loss		-		-		-		(44,655	)		(44,655	)
Balance, December 31, 2017		289,333,360	$	28,933	$	33,383	$	(187,138	)	$	(124,822	)

Table of Contents

*PostThe afuture ~~forward~~issuance ~~ten~~of ~~for~~equity ~~one~~or ~~stock~~of ~~split~~debt ~~effective~~securities onthat ~~February~~are 5,convertible ~~2016~~into equity may dilute your investment and reduce your equity interest.

We may choose to capital in the future, depending on market conditions, strategic considerations and operational requirements. To the extent that capital is raised through the issuance of shares or other securities convertible into shares, our stockholders will be diluted. Future issuances of our common stock or other equity securities, or the perception that such sales may occur, could adversely affect the prevailing market price of our common stock and impair our ability to raise capital through future offerings of equity or equity-linked securities. The ~~accompanying~~resale ~~notes~~of ~~are~~a ansubstantial ~~integral~~number ~~part~~of shares of ~~these~~our ~~financial~~common ~~statements~~stock in the public market could adversely affect the market price for our common stock and make it more difficult for you to sell shares of our common stock at times and prices that you feel are appropriate.

~~F-5~~Because ~~Table~~we ofdo ~~Contents~~not intend to pay dividends, stockholders will benefit from an investment in our common stock only if it appreciates in value.

~~LOVE~~We ~~INTERNATIONAL~~have ~~GROUP~~never declared or paid any cash dividends on our common stock. For the foreseeable future, ~~INC~~it is expected that earnings, if any, generated from our operations will be used to finance the growth of our business, and that no dividends will be paid to holders of the Company’s common stock. As a result, the success of an investment in our common stock will depend upon any future appreciation in its value. There is no guarantee that our common stock will appreciate in value.

~~Statements~~Certain provisions of ~~Cash~~our ~~Flows~~Certificate of Incorporation and Nevada law make it more difficult for a third party to acquire us and make a takeover more difficult to complete, even if such a transaction were in the stockholders’ interest.

~~Years~~Our ~~Ended~~Certificate ~~December~~of 31Incorporation and the Nevada Revised Statutes contain provisions that may have the effect of making it more difficult or delaying attempts by others to obtain control of our Company, ~~2017~~even when these attempts may be in the best interests of our stockholders. We also are subject to the anti-takeover provisions of the Nevada Revised Statutes, which prohibits us from engaging in a “business combination” with an “interested stockholder” unless the business combination is approved in a prescribed manner and ~~2016~~prohibits the voting of shares held by persons acquiring certain numbers of shares without obtaining requisite approval. The statutes have the effect of making it more difficult to effect a change in control of a Nevada company.

	2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(44,655	)	$	(51,209	)
Changes in operating assets and liabilities:
Prepaid expenses		5,000			(25,000	)
Accounts payable and accrued liabilities		7,661			(9,609	)
CASH USED IN OPERATING ACTIVITIES		(31,994	)		(85,818	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		31,994			85,668
CASH PROVIDED BY FINANCING ACTIVITIES		31,994			85,668
NET CHANGE IN CASH		-			(150	)
CASH, BEGINNING OF YEAR		-			150
CASH, END OF YEAR	$	-		$	-
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

The price of our common stock may fluctuate substantially.

~~The~~You ~~accompanying~~should ~~notes~~consider ~~are~~ an ~~integral~~investment ~~part~~in ofour ~~these~~common ~~financial~~stock ~~statements~~to be risky, and you should invest in our common stock only if you can withstand a significant loss and wide fluctuations in the market value of your investment. Some factors that may cause the market price of our common stock to fluctuate, in addition to the other risks mentioned in this “Risk Factors” section and elsewhere in this Annual Report on Form 10-K, are:

~~F-6~~● ~~Table~~sale of ~~Contents~~our common stock by our shareholders, executives, and directors; ● volatility and limitations in trading volumes of our shares of common stock; ● our ability to obtain financings to conduct and complete research and development activities including, but not limited to, our clinical trials, and other business activities; ● the timing and success of introductions of new products by us or our competitors or any other change in the competitive dynamics of our industry, including consolidation among competitors; ● our ability to attract new customers; ● our ability to secure resources and the necessary personnel to conduct clinical trials on our desired schedule; ● commencement, enrollment or results of our clinical trials for our product candidates or any future clinical trials we may conduct; ● changes in the development status of our product candidates; ● any delays or adverse developments or perceived adverse developments with respect to the FDA’s review of our planned preclinical and clinical trials; ● any delay in our submission for studies or product approvals or adverse regulatory decisions, including failure to receive regulatory approval for our product candidates; ● unanticipated safety concerns related to the use of our product candidates; ● changes in our capital structure or dividend policy, future issuances of securities, sales of large blocks of common stock by our shareholders; ● our cash position; ● announcements and events surrounding financing efforts, including debt and equity securities; ● our inability to enter into new markets or develop new products; ● reputational issues; ● announcements of acquisitions, partnerships, collaborations, joint ventures, new products, capital commitments, or other events by us or our competitors; ● changes in general economic, political and market conditions in or any of the regions in which we conduct our business; ● changes in industry conditions or perceptions; ● analyst research reports, recommendation and changes in recommendations, price targets, and withdrawals of coverage; ● departures and additions of key personnel; ● disputes and litigations related to intellectual properties, proprietary rights, and contractual obligations; ● changes in applicable laws, rules, regulations, or accounting practices and other dynamics; and ● other events or factors, many of which may be out of our control.

~~LOVE~~45 ~~INTERNATIONAL~~Table ~~GROUP,~~of ~~INC.~~Contents

~~Notes~~In addition, if the market for stocks in our industry or industries related to our industry, or the ~~Financial~~stock ~~Statements~~market in general, experiences a loss of investor confidence, the trading price of our common stock could decline for reasons unrelated to our business, financial condition and results of operations. If any of the foregoing occurs, it could cause our stock price to fall and may expose us to lawsuits that, even if unsuccessful, could be costly to defend and a distraction to management.

~~NOTE~~We 1.may ~~ORGANIZATION~~acquire other companies or technologies, ~~PRINCIPAL~~which ~~ACTIVITIES~~could ~~AND~~divert ~~BASIS~~our OFmanagement’s ~~PREPARATION~~attention, result in dilution to our stockholders and otherwise disrupt our operations and adversely affect our operating results.

~~Love~~We ~~International~~may ~~Group,~~in ~~Inc.~~the ~~(formerly~~future ~~known~~seek asto ~~QUINTEC~~acquire ~~CORP.) ("we", "us", "our"~~ or ~~the~~invest ~~"Company")~~in ~~was incorporated on May 23~~businesses, ~~2013~~applications ~~under~~and ~~the~~services ~~laws~~or oftechnologies ~~the~~that ~~State~~we ofbelieve ~~Nevada.~~could Oncomplement ~~November~~or ~~11,~~expand ~~2015,~~our ~~a change in control of the Company occurred~~services, ~~whereby~~enhance ~~Walter~~our ~~Lee,~~technical ~~the-then~~capabilities ~~sole~~or ~~officer~~otherwise ~~and~~offer ~~director,~~growth ~~sold~~opportunities. ~~15,000,000~~The ofpursuit ~~his shares~~ of ~~common~~potential ~~stock,~~acquisitions ~~representing~~may ~~51.8%~~divert of the ~~voting~~attention ~~power~~ of ~~the~~management ~~issued~~ and ~~outstanding~~cause ~~capital~~us ~~stock~~to ofincur ~~the~~various ~~Company,~~expenses in ~~a private transaction to Yong Qiang Yang (8~~identifying,~~250,000~~ ~~shares)~~investigating and ~~Wei~~pursuing ~~Min~~suitable ~~Jin (6~~acquisitions,~~750,000~~ ~~shares),~~whether ~~who~~or ~~subsequently became officers and directors of the Company. Mr. Lee sold the remainder of his shares (5,000,000 shares) to other individuals in separate transactions~~ not ~~involving~~they aare ~~public sale or distribution~~consummated. ~~After the sale of stock, Walter Lee had no further ownership of any voting securities of the Company.~~

OnIn ~~November 30~~addition, ~~2015,~~we ~~the~~do ~~Company~~not ~~accepted~~have ~~the~~any ~~resignation~~experience ofin ~~Walter~~acquiring ~~Lee~~other ~~from~~businesses. ~~his~~If ~~positions~~we asacquire ~~President,~~additional ~~Chief Executive Officer~~businesses, ~~Chief~~we ~~Financial~~may ~~Officer~~not ~~and~~be ~~member~~able ofto integrate the ~~Board~~acquired ofpersonnel, ~~Directors.~~operations ~~The~~and ~~Board~~technologies ofsuccessfully, ~~Directors~~or ~~appointed~~effectively ~~Yong~~manage ~~Qiang~~the ~~Yang~~combined asbusiness ~~President~~following of the ~~Company,~~acquisition. ~~and~~We asalso amay ~~member~~not ofachieve the ~~Board~~anticipated ofbenefits ~~Directors,~~from ~~and~~the ~~Wei~~acquired ~~Min~~business ~~Jin~~due asto ~~Chief Financial Officer and Secretary of the Company and~~ a ~~member~~number of ~~the Board of Directors~~factors, ~~effective November 30, 2015.~~including:

~~All~~● ~~references~~inability ~~above~~ to ~~share~~integrate or benefit from acquired technologies or services in a profitable manner; ● unanticipated costs or liabilities associated with the acquisition; ● difficulty integrating the accounting systems, operations and ~~per~~personnel ~~share~~of ~~data~~the ~~have~~acquired ~~not~~business; ~~been~~● ~~adjusted~~difficulties and additional expenses associated with supporting legacy products and hosting infrastructure of the acquired business; ● difficulty converting the customers of the acquired business onto our platform and contract terms, including disparities in the revenue, licensing, support or professional services model of the acquired company; ● diversion of management’s attention from other business concerns; ● adverse effects to ~~give~~our ~~effect~~existing business relationships with business partners and customers as a result of the ~~forward~~acquisition; ~~stock~~● ~~split~~the ~~(see~~potential ~~below)~~loss of key employees; ● use of resources that are needed in other parts of our business; and ● use of substantial portions of our available cash to consummate the acquisition.

OnIn ~~February 4~~addition, ~~2016, the Financial Industry Regulatory Authority approved: (~~a) ~~changing~~significant ~~the~~portion ~~name~~ of the ~~Company~~purchase toprice ~~Love International Group, Inc. ("Name Change"); (b) increasing the aggregate number~~ of ~~authorized~~companies ~~shares~~we ofacquire ~~Common~~may ~~Stock~~be ofallocated ~~the~~to ~~Company~~acquired ~~from~~goodwill ~~one hundred~~ and ~~fifty~~other ~~million~~intangible ~~(150~~assets,~~000,000)~~ ~~shares,~~which ~~par~~must ~~value~~be ~~$0.001,~~assessed tofor ~~one~~impairment ~~billion~~at ~~(1,000,000,000)~~least ~~shares, par value $0~~annually.~~0001~~ ~~per~~In ~~share~~the ~~("Authorized~~future, ~~Share~~if ~~Increase");~~our ~~(c)~~acquisitions ado ~~10-for-1~~not ~~forward~~yield ~~stock~~expected ~~split~~returns, ~~("Forward~~we ~~Split";~~may ~~together~~be ~~with~~required ~~the~~to ~~Name~~take ~~Change~~charges ~~and~~to ~~Authorized~~our ~~Share~~operating ~~Increase,~~results ~~the~~based ~~"Corporate~~on ~~Actions")~~this ofimpairment ~~the~~assessment ~~issued~~process, ~~and~~which ~~outstanding~~could ~~shares~~adversely ofaffect ~~Common~~our ~~Stock~~results of ~~the Company; and (d) a new trading symbol of LOVV~~operations.

OnAcquisitions ~~February~~could 5,also ~~2016,~~result ~~the~~in ~~Corporate~~dilutive ~~Actions~~issuances ~~became~~of ~~effective~~equity ~~and~~securities or the ~~issued~~incurrence ~~and~~of ~~outstanding~~debt, ~~shares~~which ofcould ~~common~~adversely ~~stock~~affect ofour ~~the~~operating ~~Company~~results. ~~became~~In ~~289~~addition,~~333~~ if an acquired business fails to meet our expectations,~~360~~ our operating results, business and financial position may suffer.

On46 ~~March~~Table 7,of ~~2016, the trading symbol changed to LOVV and a new CUSIP number (54714U107) was assigned to the Company's common stock.~~Contents

OnMarket ~~May~~and ~~18,~~economic ~~2016,~~conditions ~~the~~may ~~Company~~negatively ~~shifted~~impact ~~its~~our business ~~focus from developing and launching an online~~, ~~cross-border~~financial ~~e-commerce~~condition ~~platform to promote~~ and ~~market~~share worldwide premium specialties and other well-known branded products with highly comparable discount pricing to developing and launching an online platform to promote cheap airline tickets and hotels as well as developing and launching a "Do-It-Yourself" ("DIY") system for the Company's customers to put together a trip with exotic activities such as hunting, flying a plane, or even piloting a submarineprice.

~~The~~Concerns ~~Company~~over ~~anticipates~~inflation, ~~the~~energy ~~prices~~costs, ofgeopolitical issues, the ~~airline~~U.S. ~~tickets~~mortgage market and ~~hotel~~a ~~rooms~~declining ~~promoted~~real onestate ~~its~~market, ~~online~~unstable ~~platform~~global ~~will~~credit bemarkets ~~priced~~and ~~competitively~~financial conditions, ifand ~~not~~volatile ~~lower~~oil prices have led to periods of significant economic instability, ~~than~~diminished ~~the~~liquidity ~~marketplace~~and ascredit ~~the~~availability, ~~Company~~declines ~~plans~~in onconsumer ~~partnering~~confidence ~~with~~and ~~some~~discretionary ofspending, diminished expectations for the ~~airlines~~global economy and ~~big~~expectations ~~airline~~of ~~ticket~~slower ~~wholesalers~~global economic growth going forward, increased unemployment rates, and increased credit defaults in recent years. AsOur ~~for~~general ~~the~~business ~~DIY~~strategy ~~system~~may be adversely affected by any such economic downturns, ~~the~~volatile ~~Company~~business ~~anticipates~~environments ~~gaining~~and continued unstable or unpredictable economic and market ~~share~~conditions. ~~based~~If onthese ~~the~~conditions ~~originality~~continue ~~and~~to ~~specialty~~deteriorate ofor ~~the~~do ~~travel~~not ~~activities~~improve, it may make any necessary debt or equity financing more difficult to becomplete, ~~offered~~more oncostly, ~~the~~and ~~Company's~~more ~~online~~dilutive. ~~platform~~Failure ~~through~~to ~~local~~secure ~~travel~~any ~~companies~~necessary financing in a timely manner and~~/or~~ ~~travel~~on ~~specialists~~favorable ~~that~~terms ~~the~~could ~~Company~~have isa ~~going~~material adverse effect on our growth strategy, financial performance, and share price and could require us to ~~partner~~delay ~~with~~or abandon development or commercialization plans.

~~F-7~~If ~~Table~~securities ofor ~~Contents~~industry analysts do not publish research or reports, or publish unfavorable research or reports about our business, our stock price and trading volume may decline.

InThe ~~the~~trading ~~beginning,~~market ~~the~~for ~~Company~~our ~~anticipates~~common ~~targeting~~stock ~~potential~~will ~~customers~~rely in ~~mainland~~part ~~China~~on the research and ~~Hong~~reports ~~Kong~~that asindustry toor ~~the~~financial ~~promotion~~analysts ofpublish ~~airline~~about ~~tickets~~us, our business, our markets and ~~hotel~~our ~~rooms~~competitors. ~~The~~We ~~airline~~do ~~tickets~~not ~~and~~control ~~hotel~~these ~~booking~~analysts. ~~selections~~If ~~may~~securities beanalysts ~~limited~~do ~~upon~~not cover our common stock, the ~~launch~~lack of research coverage may adversely affect the ~~Company's~~market ~~online~~price ~~platform~~of our common stock. ~~The~~Furthermore, ~~Company~~if ~~anticipates~~one ~~focusing~~or more of the ~~DIY~~analysts ~~activities~~who ~~upon~~do ~~the~~cover ~~launch~~us downgrade our stock or if those analysts issue other unfavorable commentary about us or our business, our stock price would likely decline. If one or more of these analysts cease coverage of us or fails to regularly publish reports on us, we could lose visibility in the ~~online~~market ~~platform~~and interest in ~~South~~our ~~East~~stock ~~Asia,~~could ~~Canada~~decrease, ~~United~~which ~~States~~in turn could cause our stock price or trading volume to decline and ~~Australia~~may also impair our ability to expand our business with existing customers and attract new customers.

~~The~~Because ~~Company~~certain ~~does~~of ~~not~~our ~~yet~~shareholders ~~have~~control ~~any~~a ~~operations~~significant ~~and~~number ~~the~~of ~~development~~shares of ~~its~~our ~~business~~common isstock, ~~speculative.~~they Itmay ~~has~~have ~~not~~effective ~~generated~~control ~~any~~over ~~operating~~actions ~~revenues~~requiring toshareholder ~~date~~approval.

~~The~~As ~~Company~~of ~~will~~March ~~require~~25, ~~additional~~2019, ~~financing~~our directors and executive officers and their respective affiliates, ~~either~~beneficially ~~through~~owned aapproximately 86.07% of our outstanding shares of common stock ~~offering~~on a fully diluted basis. As a result, these shareholders acting together, would have the ability to control the outcome of matters submitted to our shareholders for approval, including the election of directors and any merger, consolidation or ~~standard~~sale of all or ~~convertible~~substantially ~~debt~~all of our assets. ~~Until~~In ~~and~~addition, ~~unless~~these itshareholders, isacting ~~able~~together, would have the ability to ~~secure~~control ~~adequate~~the ~~financing~~management and affairs of our Company. Accordingly, ~~its~~this ~~business~~concentration ~~development~~of ~~will~~ownership bemight ~~curtailed.~~harm the market price of our common stock by:

~~The~~● ~~Company~~delaying, ~~had~~deferring aor ~~working~~preventing ~~capital~~a ~~deficiency~~change ~~and~~in ~~accumulated~~corporate ~~deficit~~control; ~~from~~● ~~recurring~~impeding ~~net~~a ~~losses~~merger, ~~as of December 31~~consolidation, ~~2017~~takeover ~~and~~or ~~2016.~~other ~~These~~business ~~factors~~combination ~~raise~~involving ~~substantial~~us; ~~doubts~~or ~~about~~● ~~the~~discouraging ~~Company's ability to continue as~~ a ~~going~~potential ~~concern.~~acquirer ~~The Company plans to raise additional funds through financing, either through financing~~ from ~~its~~making ~~shareholders or related parties,~~ a ~~stock~~tender ~~offering,~~offer or ~~standard~~otherwise orattempting ~~convertible debt, in the future~~ to ~~meet~~obtain ~~its~~control ~~daily~~of ~~cash demands if required~~us. ~~However, there can be no assurance that the Company will be successful in obtaining further financing.~~

~~The~~Future ~~accompanying~~sales ~~financial~~and ~~statements~~issuances ~~have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization~~ of ~~assets~~our ~~and~~securities ~~the~~could ~~settlement~~result ~~of liabilities~~ in ~~the~~additional ~~normal~~dilution ~~course~~ of ~~business. The financial statements do not include any adjustments to reflect~~ the ~~possible~~percentage ~~future~~ownership ~~effects on the recoverability and classification~~ of ~~assets~~our orshareholders ~~the amounts~~ and ~~classification~~could ofcause ~~liabilities~~our ~~that~~share ~~may~~price ~~result from the outcome of this uncertainty related~~ to ~~the Company's ability to continue as a going concern~~fall.

~~All~~We ~~common~~expect ~~share~~that significant additional capital will be needed in the future to continue our planned operations, including research and ~~per~~development, ~~share~~increased ~~amounts~~marketing, ~~disclosed~~hiring ~~herein~~new personnel, commercializing our products, and incontinuing activities as an operating public company. To the ~~accompanying~~extent ~~financial~~we ~~statements~~raise ~~have~~additional ~~been~~capital ~~retroactively~~by ~~restated~~issuing equity securities, our shareholders may experience substantial dilution. We may sell common stock, convertible securities or other equity securities in one or more transactions at prices and in a manner we determine from time to ~~reflect~~time. ~~the~~If ~~forward~~we sell common stock, ~~split~~convertible securities or other equity securities in more than one transaction, ~~except~~investors asmay ~~otherwise~~be ~~provided~~materially ~~herein~~diluted by subsequent sales. Such sales may also result in material dilution to our existing shareholders, and new investors could gain rights superior to our existing shareholders.

~~NOTE~~47 2.Table ~~SIGNIFICANT~~of ~~ACCOUNTING POLICIES~~Contents

~~Basis~~We do not intend to pay cash dividends on our shares of ~~Presentation~~common stock so any returns will be limited to the value of our shares.

~~The~~We ~~financial~~currently ~~statements~~anticipate ofthat we will retain future earnings for the ~~Company~~development, ~~have~~operation ~~been~~and ~~prepared~~expansion inof ~~accordance~~our ~~with~~business ~~accounting~~and ~~principles~~do ~~generally~~not ~~accepted~~anticipate indeclaring or paying any cash dividends for the ~~United~~foreseeable ~~States~~future. Any return to shareholders will therefore be limited to the increase, if any, of ~~America~~our ~~(“US~~share ~~GAAP”)~~price.

~~Estimates~~We ~~and~~may ~~Assumptions~~be at risk of securities class action litigation.

~~The~~We ~~preparation~~may ofbe ~~financial~~at ~~statements~~risk inof ~~accordance~~securities ~~with~~class USaction ~~GAAP~~litigation. ~~requires~~In ~~management~~the topast, ~~make~~biotechnology ~~estimates~~ and ~~assumptions~~pharmaceutical ~~that~~companies ~~affect~~have ~~the~~experienced ~~reported~~significant ~~amounts~~stock ofprice ~~assets~~volatility, ~~and~~particularly ~~liabilities~~when atassociated ~~the~~with ~~dates~~binary ofevents ~~the~~such ~~financial~~as ~~statements,~~clinical trials and ~~the~~product ~~reported~~approvals. ~~amounts~~If ofwe ~~revenues~~face ~~and~~such ~~expenses~~litigation, ~~during~~it ~~the~~could ~~reporting~~result ~~period.~~in ~~Actual~~substantial ~~results~~costs ~~could~~and ~~differ~~a ~~from~~diversion ~~these~~of ~~estimates~~management’s attention and ~~assumptions~~resources, ~~and~~which could ~~have~~harm aour ~~material~~business ~~effect~~and onresults ~~the~~in ~~Company's~~a ~~reported~~decline ~~financial~~in ~~position~~the ~~and~~market ~~results~~price of ~~operations~~our common stock.

~~F-8~~Financial ~~Table~~reporting obligations of ~~Contents~~being a public company in the United States are expensive and time-consuming, and our management will be required to devote substantial time to compliance matters.

~~Foreign~~As ~~Currency~~a ~~Transactions~~publicly traded company we incur significant legal, accounting and other expenses. The obligations of being a public company in the United States require significant expenditures and places significant demands on our management and other personnel, including costs resulting from public company reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations regarding corporate governance practices, including those under the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the listing requirements of the The Nasdaq Capital Market. These rules require the establishment and maintenance of effective disclosure and financial controls and procedures, internal control over financial reporting and changes in corporate governance practices, among many other complex rules that are often difficult to implement, monitor and maintain compliance with. Moreover, despite recent reforms made possible by the JOBS Act, the reporting requirements, rules, and regulations will make some activities more time-consuming and costly, particularly after we are no longer an “emerging growth company.” In addition, we expect these rules and regulations to make it more difficult and more expensive for us to obtain director and officer liability insurance. Our management and other personnel will need to devote a substantial amount of time to ensure that we comply with all of these requirements and to keep pace with new regulations, otherwise we may fall out of compliance and risk becoming subject to litigation or being delisted, among other potential problems.

~~The~~If ~~reporting~~we ~~currency~~fail ofto ~~the~~comply ~~Company~~with is the ~~United~~rules ~~States~~under ~~dollar~~Sarbanes-Oxley ~~(“U.S.~~related ~~Dollars”).~~to ~~The~~accounting ~~financial~~controls ~~records~~and ofprocedures in the ~~Company~~future, ~~are~~or, ~~maintained~~if we discover material weaknesses and other deficiencies in ~~U.S.~~our ~~Dollars~~internal control and accounting procedures, ~~which~~our isstock ~~the~~price ~~functional~~could ~~currency~~decline significantly and raising capital could be more difficult.

~~Monetary~~Section 404 ~~assets~~of ~~and~~Sarbanes-Oxley ~~liabilities~~requires ~~denominated~~annual inmanagement ~~currencies~~assessments ~~other~~of ~~than~~the Ueffectiveness of our internal control over financial reporting.S. ~~Dollars~~If ~~are~~we ~~translated~~fail ~~into~~to comply with the ~~functional~~rules ~~currencies~~under atSarbanes-Oxley ~~the~~related ~~prevailing~~to ~~rates~~disclosure ofcontrols ~~exchange~~and atprocedures in the ~~balance~~future, ~~sheet~~or, ~~date.~~if ~~Nonmonetary~~we ~~assets~~discover material weaknesses and ~~liabilities~~other ~~are~~deficiencies ~~re-measured~~in ~~into~~our ~~U.S.~~internal ~~Dollars~~control atand ~~historical~~accounting ~~exchange~~procedures, ~~rates.~~our ~~Transactions~~stock inprice ~~currencies~~could ~~other~~decline ~~than~~significantly Uand raising capital could be more difficult.S. ~~Dollars~~If ~~during~~material ~~the~~weaknesses ~~period~~or significant deficiencies are ~~converted~~discovered ~~into~~or ~~U.S.~~if ~~Dollars~~we atotherwise fail to achieve and maintain the ~~applicable~~adequacy ~~rates~~of our internal control, we may not be able to ensure that we can conclude on an ongoing basis that we have effective internal controls over financial reporting in accordance with Section 404 of ~~exchange~~Sarbanes-Oxley. ~~prevailing~~Moreover, ateffective ~~the~~internal ~~transaction~~controls ~~dates~~are necessary for us to produce reliable financial reports and are important to helping prevent financial fraud. ~~Transaction~~If ~~gains~~we cannot provide reliable financial reports or prevent fraud, our business and ~~losses~~operating ~~are~~results ~~recognized~~could be harmed, investors could lose confidence in our reported financial information, and the ~~statements~~trading price of ~~operations~~our common stock could drop significantly.

~~Cash~~48 ~~and~~Table ~~Cash~~of ~~Equivalents~~Contents

~~Cash~~Comprehensive ~~consists~~tax ofreform ~~cash~~bills oncould ~~hand~~adversely ~~and~~affect inour ~~banks.~~business ~~The~~and ~~Company~~financial ~~considers all highly liquid debt instruments, with initial terms of less than three months to be cash equivalents~~condition. ~~The Company did not maintain any bank accounts during the years ended December 31, 2017 and 2016.~~

~~Fair~~The ~~Value~~U.S. ~~Measurements~~government recently enacted comprehensive federal income tax legislation that includes significant changes to the taxation of business entities. These changes include, among others, a permanent reduction to the corporate income tax rate. Notwithstanding the reduction in the corporate income tax rate, the overall impact of this tax reform is uncertain, and our business and financial condition could be adversely affected. We urge our shareholders to consult with their legal and tax advisors with respect to any such legislation and the potential tax consequences of investing in our common stock.

~~ASC~~ITEM Topic 820, Fair Value Measurement and Disclosures, 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 date1B. ~~This~~UNRESOLVED ~~topic~~STAFF also establishes a fair value hierarchy, which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are defined as follows:COMMENTS

~~· Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets~~None. · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

~~The~~ITEM carrying amounts of financial assets and liabilities, such as cash and cash equivalents, balance with related parties and accounts payable and accrued liabilities approximate their fair values because of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest2. PROPERTIES

~~Stock-Based~~We ~~Compensation~~are headquartered in Shanghai, where we lease our principal office with an aggerate floor area of approximately 215 square meters.

~~The~~We ~~Company~~lease ~~adopted~~warehouse ~~ASC~~facilities ~~718~~in Jiaxing, ~~Compensation~~Zhejiang ~~– Stock-Based Compensation~~Province, towith ~~account~~an ~~for~~aggregate ~~its~~floor ~~stock~~space ~~options~~of ~~and~~approximately ~~similar~~3317 ~~equity~~square ~~instruments issued. Accordingly~~meters, ~~compensation~~which ~~costs attributable to stock options or similar equity instruments granted~~ are ~~measured~~for at the ~~fair~~storage ~~value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction~~ of ~~taxes~~our ~~paid~~inventory. ~~The Company did not grant any stock options since inception on May 23, 2013 through December 31, 2017.~~

~~F-9~~We ~~Table~~believe ofthat ~~Contents~~our existing facilities are adequate for our current needs. When our lease expires, we may exercise our renewal options or look for additional or alternate space for our operations. We believe that suitable additional or alternative space will be available in the future on commercially reasonable terms.

~~NOTE~~ITEM 23. ~~SIGNIFICANT~~LEGAL ~~ACCOUNTING POLICIES (CONTINUED)~~PROCEEDINGS

~~Income~~From ~~Taxes~~time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

~~Income~~ITEM ~~taxes are accounted for under the asset and liability method~~4. ~~Deferred~~MINE ~~tax~~SAFETY assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations and comprehensive loss in the period that includes the enactment date.DISCLOSURES

~~The~~Not ~~impact of an uncertain income tax positions on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authority~~applicable. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes.

~~Basic~~49 ~~and~~Table ~~Diluted~~of ~~Loss per Share~~Contents

~~Loss~~PART per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, "Earnings per Share". Diluted loss per share for all the periods presented was the same as basic loss per share as there were no potential dilutive equity instruments.II

~~Accounting~~Market standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption.Information

~~F-10~~Our ~~Table~~common ofstock ~~Contents~~is currently listed on the OTC Markets Pink tier under the symbol “LOVV.”

~~NOTE 3. DUE TO RELATED PARTY~~Stockholders

~~Due~~As toof ~~related~~March ~~party~~25, ~~consisted~~2019, there were 23 stockholders of ~~the~~record ~~following:~~of our common stock. The actual number of holders of our common stock is greater than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers or held by other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.

		Note		2017				2016
MMI Group NZ Limited		(a)			137,161				105,167

Dividend Policy

~~______~~ We have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common stock in the foreseeable future. We intend to retain all available funds and any future earnings to fund the development and expansion of our business. Any future determination to pay dividends will be at the discretion of our board of directors and will depend upon a number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors that our board of directors deems relevant.

~~(a)~~Equity ~~Yong~~Compensation ~~Qiang~~Plan ~~Yang and Wei Min Jin, both directors of the Company, have beneficial interests in this company.~~Information

~~The~~We ~~above~~do ~~balance~~not ishave ~~unsecured~~in ~~and~~effect ~~non-interest~~any ~~bearing.~~compensation ~~This~~plans ~~related~~under ~~company~~which ~~has~~our ~~agreed~~equity ~~not~~securities toare ~~demand~~authorized ~~repayment~~for ~~until~~issuance ~~the~~and ~~Company~~we isdo ~~financially~~not ~~capable~~have toany dooutstanding sostock options.

~~NOTE~~Company 4.Purchases ~~STOCKHOLDERS'~~of ~~EQUITY~~Equity Securities

~~During~~We ~~the~~did ~~years~~not ~~ended~~purchase ~~December~~any ~~31,~~of ~~2017~~our ~~and~~registered ~~2016,~~equity ~~the~~securities ~~Company~~during ~~did~~the ~~not~~period ~~issue~~covered ~~any~~by ~~common~~this ~~stock~~Annual Report.

AsITEM at6. ~~December~~SELECTED ~~31,~~FINANCIAL ~~2017 and 2016, the Company had 289,333,360 shares issued and outstanding.~~DATA

~~NOTE~~As 5.a ~~INCOME~~smaller ~~TAXES~~reporting company, we are not required to provide the information required by this item.

~~The~~50 ~~Company~~Table ~~is incorporated in the State~~ of Nevada and is subject to the U.S. federal tax and state statutory tax rates of up to 34% and 0%, respectively. No provision for income taxes in the United States has been made as the Company had no taxable income for the years ended December 31, 2017 and 2016.Contents

~~The~~ITEM ~~income tax provision differs from the amount of income tax determined by applying the U~~7. MANAGEMENT’S. ~~federal~~DISCUSSION ~~and~~AND ~~state~~ANALYSIS ~~income~~OF ~~statutory~~FINANCIAL ~~tax~~CONDITIONS ~~rates~~AND toRESULT ~~pretax~~OF ~~loss as follows:~~OPERATIONS

	2017			2016
Loss before income taxes	$	(44,655	)	$	(51,209	)
Tax benefit at statutory rates		15,183			17,411
Provisional re-measurement of deferred taxes – TCJ Act		(24,329	)
Change in valuation allowance		9,146			(17,411	)
Net provision for income taxes	$	-		$	-

The following discussion should be read in conjunction with our audited financial statements and the related notes that 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 forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in "Item 1A—Risk Factors" and elsewhere in this annual report on Form 10-K. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

~~Net~~Corporate ~~deferred tax assets consist of the following components:~~Overview

	2017			2016
Deferred tax asset:
Net operating loss carry forwards	$	39,299		$	48,445
Valuation allowance		(39,299	)		(48,445	)
Net deferred tax asset	$	-		$	-

Since May 18, 2016, the Company has shifted its business focus from developing and launching an online, cross-border e-commerce platform to promote and market worldwide premium specialties and other well-known branded products.

~~F-11~~Business ~~Table of Contents~~Strategy

~~Tax~~The ~~Cuts~~Company does not yet have any operations and ~~Jobs~~the ~~Act~~development ~~(“TCJ~~of ~~Act”)~~its business is speculative. The Company will require additional financing, either through a stock offering, or standard or convertible debt. Until and unless the Company is able to secure adequate financing, its business development will be curtailed.

~~During~~Results ~~the fourth quarter~~ of ~~2017,~~Operations ~~the TCJ Act was enacted in the United States. Among its many provisions, the TCJ Act imposed a mandatory one~~-~~time~~ ~~transition~~Comparison ~~tax~~of ~~on undistributed international earnings and reduced~~ the ~~U.S.~~Years ~~corporate~~Ended ~~income~~December ~~tax rate to 21%~~31, ~~effective January 1,~~ 2018. ~~The Company is required to re-measure its deferred tax assets~~ and ~~liabilities to the new, lower U.S. corporate income tax rate, effective January 1, 2018. The effect of the remeasurement was recorded in the fourth quarter of~~ 2017~~, consistent with the enactment date of the TCJ Act, and reflected in the provision for income taxes.~~

The ~~Company~~following ~~has~~table ~~accumulated~~sets ~~net~~forth ~~operating loss carryovers of approximately $187,138 and $142,483 as of December 31, 2017 and 2016, respectively, which are available to reduce future taxable income. Due to~~ the ~~change~~results ~~in ownership provisions~~ of ~~the~~our ~~Tax~~operations ~~Reform Act of 1986, net operating loss carry forwards~~ for ~~federal income tax reporting purposes may be subject to annual limitations. A change in ownership may limit~~ the ~~utilization~~periods ofindicated ~~the net operating loss carry forwards~~ in ~~future years~~U. ~~The tax losses begin to expire in 2034~~S. ~~The fiscal years 2016 and 2017 remain open to examination by federal tax authorities and other tax jurisdictions~~dollars.

Management believes that it is more likely than not that the Company will not realize these potential tax benefits as these operations will not generate any operating profits in the foreseeable future. As a result, a valuation allowance was provided against the full amount of the potential tax benefits.

	For the year ended December 31,			For the year ended December 31,
Balance Sheet Data	2018			2017
Cash and Cash Equivalents	$	-		$	-
Prepaid Expenses		-			20,000
Total Assets		-			20,000
Total Current Liabilities		173.560			144,822
Stockholders’ Deficit	$	(173,560	)	$	(124,822	)

~~NOTE~~The 6.following ~~SUBSEQUENT~~summary ~~EVENTS~~of our results of operations should be read in conjunction with our financial statements, as included in this Annual Report on Form 10-K.

Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure.


Revenue	$	-		$	-

EXPENSES
General and administrative		474			205
Professional fees		48,264			44,450
Total Expenses		48,738			44,655
Loss before income taxes		(48,738	)		(44,655	)
Income tax		-			-
	$	(48,738	)	$	(44,655	)

~~F-12~~51 Table of Contents

Revenue.

We have generated no revenues during the years ended December 31, 2018 and 2017.

Expenses

Operating expenses for the year ended December 31, 2018 were $48,738, increasing by $4,083 from $44,655 for the year ended December 31, 2017. The increase in expenses was attributed to increased professional fees related to ongoing regulatory costs. Our professional fees, consisting of legal, audit, accounting and transfer agent fees, for the year ended December 31, 2018 was $48,264, increasing by $3,814 from $44,450 for the year ended December 31, 2017.

Net Loss

As a result of the foregoing, our net loss for the year ended December 31, 2018 was $48,738, increasing by $4,083 from a net loss of $44,655 for the year ended December 31, 2017.

Liquidity and Capital Resources

We had no material commitments for capital expenditures as of December 31, 2018.

We have no known demands or commitments, and we are not aware of any events or uncertainties as of December 31, 2018 that will result in or that are reasonably likely to materially increase or decrease our current liquidity.

Working Capital

	December 31,						(Decrease)/
	2018			2017			Increase
Current Assets	$	-		$	20,000		$	(20,000	)
Current Liabilities		173,560			144,822			28,738
Working Capital (Deficiency)	$	(173,560	)	$	(124,822	)	$	48,738

Cash Flows

	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Cash Used in Operating Activities	$	(36,399	)	$	(31,994	)
Cash Provided by Financing Activities		36,399			31,994
Net Decrease in Cash in the year	$	-		$ -

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Cash and cash equivalents as of December 31, 2018 and 2017 were $0. Total assets as of December 31, 2018 were $0, decreasing by $20,000 from $20,000 as of December 31, 2017. Decrease in total assets was primarily due to utilization of prepayments in 2018.

Total current liabilities as of December 31, 2018 was $173,560, increasing by $28,738 from $144,822 as of December 31, 2017.

As at December 31, 2018, our company had a working capital deficiency of $173,560, compared with a working capital deficiency of $124,822 as at December 31, 2017. The increase in working capital deficiency was primarily due to the costs associated with ongoing regulatory requirements.

Cash Flow from Operating Activities

During the years ended December 31, 2018 and 2017, our company used $36,399 and $31,994 in cash from operating activities, respectively. The increase in cash used in operating activities was attributed to increase of professional fees related to ongoing regulatory requirements.

Cash Flow from Investing Activities

We did not use or generate any funds for investing activities during the years ended December 31, 2018 and 2017.

Cash Flow from Financing Activities

During the years ended December 31, 2018 and 2017, the Company received $36,399 and $31,994 from advances from related party, respectively.

Going Concern

We had a working capital deficiency and accumulated deficit from recurring net losses as of December 31, 2018. These factors raise substantial doubts about our ability to continue as a going concern. We plan to raise additional funds through financing, either though financing from our shareholders or related parties, a stock offering, or standard or convertible debt, in the future to meet our daily cash demands if required. However, there can be no assurance that we will be successful in obtaining further financing on terms acceptable to us. The accompanying financial statements have been prepared assuming we will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to our ability to continue as a going concern.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us on which to base an evaluation of our performance. We have generated no revenues from operations since our inception. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our website, and possible cost overruns due to the price and cost increases in supplies and services.

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At present, we do not have enough cash on hand to cover operating costs for the next 12 months.

If we are unable to meet our needs for cash from either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

Critical Accounting Policies and Significant Judgments and Estimates

We prepare our financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

Our significant accounting policies are discussed in Note 2, Significant Accounting Policies, to Financial Statements, included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. The following critical accounting policies affect the more significant judgments and estimates used in the preparation of our financial statements.

Foreign Currency Transactions

The reporting currency of the Company is the United States dollar (“U.S. Dollars”). The financial records of the Company are maintained in U.S. Dollars, which is the functional currency.

Monetary assets and liabilities denominated in currencies other than U.S. Dollars are translated into the functional currency at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are re-measured into U.S. Dollars at historical exchange rates. Transactions in currencies other than U.S. Dollars during the period are converted into U.S. Dollars at the applicable rates of exchange prevailing at the transaction dates. Transaction gains and losses are recognized in the statements of operations.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

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

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial statements required to be filed pursuant to this Item 8 are appended to this Annual Report. An index of those financial statements is found in Item 15.

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

None.

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ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls

Our management is responsible for establishing and maintaining a system of “disclosure controls and procedures” as such term is defined under Exchange Act Rule 13a-15(e). Such disclosure controls and procedures are designed such that the information required to be disclosed by us in reports filed under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding disclosure. Our principal executive officer and principal financial officer, after evaluating the effectiveness of the Company’s “disclosure controls and procedures” (as defined in Exchange Act Rule 13a-15(e) and 15d-15(e)) as of December 31, 2018, the end of the period covered by this Annual Report, has concluded that our disclosure controls and procedures were not effective in providing reasonable assurance that the information required to be disclosed in the Company’s reports filed or submitted under the Exchange Act was recorded, processed, summarized, and reported within the time periods specified in the Commission’s rules and forms. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Exchange Act Rule 13a-15(f). Internal control over financial reporting is a process designed under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

As of December 31, 2018, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework - 2013. Based on this assessment, our management concluded that, as of December 31, 2018, our internal control over financial reporting was not effective. 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. We have identified the following material weaknesses:

As of December 31, 2018, the matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) our Board of Directors did not have any independent members we did not have a functioning audit committee, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) we had inadequate segregation of duties consistent with control objectives; and (3) we had ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by our management in connection with the review of our financial statements for the year ended December 31, 2018.

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

This Annual Report on Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the exemption provided to issuers that are not “large accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Changes in Internal Control Over Financial Reporting

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

ITEM 9B. OTHER INFORMATION

Not applicable.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The following table sets forth the name, age and positions of our executive officers and directors.

NAME	AGE	POSITION
Yong Qiang Yang	48	President, Chief Executive Officer and Director
Wei Min Jin	44	Chief Financial Officer and Director

The business background and certain other information about our directors and executive officers is set forth below:

Yong Qiang Yang

Yong Qiang Yang has been the President and a director of the Company since November 24, 2015. Mr. Yang is responsible for the overall strategic planning and business development of the Company. He will formulate plans for the product mix and overall marketing program of the Company. Mr. Yang has over 20 years of extensive in multi-level and direct marketing across cosmetic, healthcare and household supplies sectors. He served as Senior Sales Manager and Vice President responsible for marketing and sales for several Asian based firms in Hong Kong and Mainland China.

Time Period (month/year)

From:/To:

Principal

Occupation

Position or

Office

Name and Principal

Business of Employer

Nature of

Responsibilities

From: 11/2015

To: Current

Management

CEO Chairman

Love International Group, Inc.

(E-commerce)

Manage and direct

the company

From: 03/2014

To: Current

Management

CEO

MMI Group NZ Limited

(Finance)

Manage and direct

the company

From: 03/2009

To: 03/2012

Management

Senior Manager

Guangdong Taiyangshen Group

(Health Care)

Manage sales team

From: 2/2016

To: Current

Management

Executive Director

Shenzhen Qianhai Lefu E-Commerce Co., Ltd.

Manage and direct

the company

From: 12/2016

To: Current

Management

Director

Shanghai Lefu E-Commerce

Co. Limited

Manage and direct

the company

Wei Min Jin

Wei Min Jin has been the Chief Financial Officer and a director of the Company since November 24, 2015. Mr. Jin will be responsible for the overall corporate development and strategy of the Company. Before participating in this Company, Mr. Jin was responsible for administration and general management in several food companies in Shanghai and Zhejiang, China. He has substantial experience in corporate management and business development from his 18 years of entrepreneurship.

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Time Period (month/year)

From:/To:

Principal

Occupation

Position or

Office

Name and Principal

Business of Employer

Nature of

Responsibilities

From: 11/2015

To: Current

Management

CFO Director

Love International Group, Inc.

(E-commerce)

Manage and direct

the company

From: 02/2007

To: Current

Management

Director

Taizhou City Huang Yan District

Qicaifang Jiaju Company

Manage and direct

the company

From: 03/2014

To: Current

Management

Director

MMI Group NZ Limited

(Finance)

Manage and direct

the company

From: 2/2016

To: Current

Management

General Manager

Shenzhen Qianhai Lefu E-Commerce Co., Ltd.

Manage and direct

the company

From: 12/2016

To: Current

Management

Director

Shanghai Lefu E-Commerce

Co. Limited

Manage and direct

the company

Family Relationships

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

Arrangements between Officers and Directors

To our knowledge, there is no arrangement or understanding between any of our officers and any other person, including directors, pursuant to which the officer was selected to serve as an officer.

Involvement in Certain Legal Proceedings

We are not aware of any of our directors or officers being involved in any legal proceedings in the past ten years relating to any matters in bankruptcy, insolvency, criminal proceedings (other than traffic and other minor offenses), or being subject to any of the items set forth under Item 401(f) of Regulation S-K.

Board and Committee Meetings

Our board of directors currently consists of two members, Yong Qiang Yang and Wei Min Jin. Our board of directors held no formal meetings during the year ended December 31, 2018. Until the Company develops a more comprehensive Board of Directors, all proceedings will be conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Nevada General Corporate Law and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

Audit Committee

Currently the Company is developing a comprehensive Board of Directors and does not have an Audit Committee or an Audit Committee Financial expert at this time. The Company intends to appoint audit, compensation and other applicable committee members as it appoints individuals with pertinent expertise.

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Compliance with Section 16(a) of the Securities Exchange Act of 1934

Section 16(a) of the Exchange Act requires our directors and executive officers, and persons who own more than 10% of a registered class of our equity securities, to file with the SEC initial reports of ownership and reports of changes in ownership of our common stock and other equity securities. Officers, directors and greater than 10% stockholders are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file.

To our knowledge, based solely upon a review of Forms 3, 4, and 5 furnished to us during the fiscal year ended December 31, 2018, we believe that the directors, executive officers, and greater than 10% beneficial owners have complied with all applicable filing requirements during the fiscal year ended December 31, 2018.

Code of Ethics and Code of Conduct

We anticipate that we will not adopt a code of ethics until we have increased the number of our board of directors.

Changes in Nominating Procedures

None.

ITEM 11. EXECUTIVE COMPENSATION

Summary Compensation Table

The following table sets forth the compensation paid or accrued during the fiscal year ended December 31, 2018 and 2017 to:

	●	Yong Qiang Yang, Chief Executive Officer
	●	Wei Min Jin, Chief Financial Officer

Name and Principal Position	Year	Salary ($)		Bonus ($)		Stock awards ($)		Option awards ($)		Nonequity incentive plan compensation ($)		Nonqualified deferred compensation earnings ($)		All other compensation ($)		Total ($)
Yong Qiang Yang	2018		0		—		—		—		—		—		—		—
Chief Executive Officer, President and Director	2017		0				—		—		—		—		—		—
Wei Min Jin	2018		0		—		—		—		—		—		—		—
Chief Financial Officer and Director	2017		0		—		—		—		—		—		—		—

Grants of Plan-Based Awards

There were no grants of plan-based awards during the fiscal year ended December 31, 2018.

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Outstanding Equity Awards at End of Fiscal Period

There were no outstanding equity awards as of December 31, 2018.

Option Exercises and Stock Vested

During the fiscal year ended December 31, 2018, there were no options exercised by our named executive officers.

Compensation of Directors

We do not have any agreements for compensating our directors for their services in their capacity as directors and our directors were not compensated in such capacity during the year ended December 31, 2018.

Pension, Retirement or Similar Benefit Plans

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have 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.

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

The following table sets forth certain information regarding beneficial ownership of shares of our common stock as of March 25, 2019 by (i) each person known to beneficially own more than 5% of our outstanding common stock, (ii) each of our directors, (iii) each of our named executive officers and (iv) all of our directors and executive officers as a group. Except as otherwise indicated, the persons named in the table below have sole voting and investment power with respect to all shares beneficially owned, subject to community property laws, where applicable.

Beneficial Owner⁽¹⁾	Shares of Common Stock Beneficially Owned		Percentage⁽²⁾
Directors and Executive Officers:
Yong Qiang Yang (2)(4)		473,366,652		47.3	%
Wei Min Jin (3)(5)		387,299,988		38.7	%
All Executive Officers and Directors as a Group (2 persons)		860,666,640		86.1	%
5% or Greater Stockholders:
Leseng Holdings Limited(4)		390,866,652		39.1	%
Lejoy Holdings Limited(5)		319,799,988		32.0	%

Represents beneficial ownership of less than 1%.

(1)	Based on 1,000,000,0000 shares of the Company's common stock issued and outstanding as of March 25, 2019. Under Rule 13d-3, 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 March 25, 2019.
(2)	Includes 390,866,652 shares owned by Leseng Holdings Limited.
(3)	Includes 319,799,988 shares owned by Lejoy Holdings Limited.
(4)	Yong Qiang Yang is the Director of Leseng Holdings Limited and in such capacity has voting and dispositive power over the securities held by such entity.
(5)	Wei Min Jin is the Director of Lejoy Holdings Limited and in such capacity has voting and dispositive power over the securities held by such entity.

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Since January 1, 2017, except as set forth below, we have not been a participant to any transactions in which the amount involved exceeded or will exceed the lesser of $120,000 or one percent of our total assets at the end of our last completed fiscal year, and in which any of our directors, executive officers holders of more than 5% of our capital stock, promotor or certain control person or any member of their immediate family had or will have a direct or indirect material interest.

Contractual Agreements with Affiliated Entities and their Shareholders

We operate our business through contractual arrangements with our variable interest entities. For a description of these contractual arrangements, see “Item 1. Business—Background and History of Lovego Holdings.”

Loans

As at December 31, 2018 and December 31, 2017, we owed our related party $173,560 and $137,161, respectively, for expenses they paid on our behalf. Yong Qiang Yang, our President and Wei Min Jin, our Chief Financial Officer, have beneficial interests in this party. The total amounts owed are unsecured and non-interest bearing. This related company has agreed not to demand repayment until the Company is financially capable to do so.

2019 Share Exchange

On February 11, 2019, the Company sold 390,866,652 and 319,799,988 newly issued shares of the Company’s common stock to Leseng Holdings Limited, a British Virgin Islands company wholly owned by Yong Qiang Yang, our President, and Lejoy Holdings Limited, a British Virgin Islands company wholly owned by Wei Min Jin, our Chief Financial Officer, respectively, in exchange for all of the shares of the capital stock of Lovego Holdings Limited held by Leseng Holdings Limited and Lejoy Holdings Limited.

Policies and Procedures for Related Party Transactions

Our board of directors plans to adopt a written related person transaction policy, to set forth the policies and procedures for the review and approval or ratification of related person transactions. This policy will cover, with certain exceptions set forth in Item 404 of Regulation S-K promulgated under the Exchange Act, any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, in which we were or are to be a participant, where the amount involved exceeds or will exceed the lesser of $120,000 or 1% of the average of Lovego Holdings total assets as of the end of the last two completed fiscal years and a related person had, has or will have a direct or indirect material interest, including purchases of goods or services by or from the related person or entities in which the related person has a material interest, indebtedness, guarantees of indebtedness and employment by us of a related person. Our audit committee will be responsible for reviewing and approving in advance the related party transactions covered by our related transaction policies and procedures.

Director Independence

Our Board of Directors has determined that it does not have a member that is “independent” as such term is defined by the NASDAQ Stock Market LLC.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The following table sets forth the aggregate fees billed by as described below:

Fee Category	2018		2017
Audit Fees	$	12,528	$	11,600
Audit-Related Fees		-		-
Tax Fees		-		-
All Other Fees		-		-
Total Fees	$	12,528	$	11,600

Audit Fees: Audit Fees consist of fees incurred for professional services rendered for the audits of our financial statements, for reviews of our interim financial statements included in our quarterly reports on Form 10-Q and for services that are normally provided in connection with statutory or regulatory filings or engagements.

Audit-Related Fees: Audit Related Fees may consist of fees billed for professional services that are reasonably related to the performance of the audit or review of our financial statements, but are not reported under "Audit fees."

Tax Fees: Tax Fees may consist of fees for professional services, including tax consulting, planning and compliance performed by an independent registered public accounting firm.

All Other Fees: There were no such fees incurred by the Company in the fiscal years ended December 31, 2018 and December 31, 2017.

Pre-Approval Policies and Procedures

Our board of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.

Our board of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors' independence.

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PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

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

		(1)	Financial Statements:

Report of Independent Registered Public Accounting Firm - TAAD LLP		F‑1
Report of Independent Registered Public Accounting Firm - Centurion ZD CPA Limited		F‑2
Balance Sheets		F‑3
Statements of Operations		F‑4
Statements of Changes in Stockholders’ Deficit		F‑5
Statements of Cash Flows		F‑6
Notes to Financial Statements		F‑7

The financial statements required by this Item are included beginning at page F-1.

(1)

Financial Statement Schedules:

All financial statement schedules have been omitted because they are not applicable, not required or the information required is shown in the financial statements or the notes thereto.

(b)

Exhibits

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EXHIBIT INDEX

Exhibit Number		Exhibit Description

2.1		Share Exchange Agreement, dated as of February 11, 2019 between the Company, Lovego Holdings, etc. (incorporated by reference to Exhibit 2.1 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

3.1		Articles of Incorporation of Love International Group, Inc. (incorporated by reference to Exhibit 3.2 of Love International Group, Inc.’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 28, 2014)

3.2		Certificate of Amendment of Love International Group, Inc. (incorporated by reference to Exhibit 3.2 of Love International Group, Inc.’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 28, 2014)

3.3		Certificate of Amendment of Love International Group, Inc. (incorporated by reference to Exhibit 3.3 of Love International Group, Inc.’s Form 10-Q for the quarterly period ended June 30, 2016 filed with the Securities and Exchange Commission on April 15, 2016)

3.4		Bylaws of Love International Group, Inc. (incorporated by reference to Exhibit 3.3 of Love International Group, Inc.’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 28, 2014)

3.5		Form of Share Certificate (incorporated by reference to Exhibit 3.5 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.1		Exclusive Business Cooperation Agreement between Shanghai Lepan Business Information Consulting Co., Ltd. and Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.1 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.2		Loan Agreement between Shanghai Lepan Business Information Consulting Co., Ltd. and the shareholders of Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.2 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.3		Exclusive Purchase Option Agreement between Shanghai Lepan Business Information Consulting Co., Ltd., Shenzhen Qianhai Lefu E-Commerce Co., Ltd. and the shareholders of Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.3 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.4		Powers of Attorney from the shareholders of Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.4 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.5		Equity Pledge Agreement between Shanghai Lepan Business Information Consulting Co., Ltd., Shenzhen Qianhai Lefu E-Commerce Co., Ltd. and the shareholders of Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.5 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.6		Exclusive Business Cooperation Agreement between Shanghai Lepan Business Information Consulting Co., Ltd. and Shanghai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.6 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

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10.7		Loan Agreement between Shanghai Lepan Business Information Consulting Co., Ltd. and Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.7 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.8		Exclusive Purchase Option Agreement between Shanghai Lepan Business Information Consulting Co., Ltd., Shenzhen Qianhai Lefu E-Commerce Co., Ltd. and Shanghai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.8 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.9		Power of Attorney from the Shenzhen Qianhai Lefu E-Commerce Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.9 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

10.10		Equity Pledge Agreement between Shanghai Lepan Business Information Consulting Co., Ltd., Shenzhen Qianhai Lefu E-Commerce Co., Ltd. and Shanghai Lepan Business Information Consulting Co., Ltd., dated September 29, 2018 (incorporated by reference to Exhibit 10.10 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

21.1		List of Subsidiaries (incorporated by reference to Exhibit 21.1 of Love International Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2019)

31.1*		Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2*		Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1*		Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document.
101.SCH		XBRL Taxonomy Extension Schema.
101.CAL		XBRL Taxonomy Extension Calculation Linkbase.
101.LAB		XBRL Taxonomy Extension Labels Linkbase.
101.PRE		XBRL Taxonomy Extension Presentation Linkbase.
101.DEF		XBRL Taxonomy Extension Definition Linkbase.

_____________

* filed herewith.

+ Indicates a management contract or any compensatory plan, contract or arrangement.

# Confidential treatment has been requested to a portion of this exhibit, and such confidential portion has been deleted and filed separately with the SEC.

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SIGNATURES

Pursuant to the requirements of Section 13 and 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized on this 1st day of April, 2019.

	LOVE INTERNATIONAL GROUP, INC.

	/s/ Yong Qiang Yang
	Yong Qiang Yang Chief Executive Officer (Principle Executive Officer)

	/s/ Wei Min Jin
	Wei Min Jin
	Chief Financial Officer
	(Principal Financial and Accounting Officer)

Pursuant to the requirements of the Securities Act of 1934, this Annual Report on Form 10-K 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/Yong Qiang Yang	Chief Executive Officer and Director	April 1, 2019
Yong Qiang Yang	(Principle Executive Officer)

/s/ Wei Min Jin	Chief Financial Officer	April 1, 2019
Wei Min Jin	(Principal Financial and Accounting Officer)

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To: The Board of Directors and Equity Members of

Love International Group, Inc.

Opinion on the Financial Statements

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

Going Concern Matter

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and has a net equity deficiency that raises substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

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

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

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ TAAD LLP

TAAD LLP

We have served as the Company’s auditor since 2019

Diamond Bar, California

April 1, 2019

F-1

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and the Board of Directors of Love International Group, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheet of Love International Group, Inc. (the “Company”) as of December 31, 2017, and the related statements of operations, stockholders’ deficit and cash flows for the year then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2017, and the results of its operations and its cash flows for the year then ended, in conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has a working capital deficiency and accumulated deficit from recurring net losses as of December 31, 2017. All these factors raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

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

/s/ Centurion ZD CPA Limited

Centurion ZD CPA Limited

Hong Kong, China

April 3, 2018

F-2

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LOVE INTERNATIONAL GROUP, INC.

Balance Sheets

As of December 31, 2018 and 2017

	2018			2017
ASSETS

CURRENT ASSETS

Cash and cash equivalents	$	-		$	-
Prepaid expenses		-			20,000
Total current assets		-			20,000

TOTAL ASSETS	$	-		$	20,000

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES

Accounts payable and accrued liabilities	$	-		$	7,661
Due to related party		173,560			137,161
Total current liabilities		173,560			144,822

STOCKHOLDERS’ DEFICIT

Common stock, $0.0001 par value, 1,000,000,000 shares authorized, 289,333,360 shares issued and outstanding, respectively		28,933			28,933
Additional paid-in capital		33,383			33,383
Accumulated deficit		(235,876	)		(187,138	)
TOTAL STOCKHOLDERS’ DEFICIT		(173,560	)		(124,822	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-		$	20,000

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

F-3

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LOVE INTERNATIONAL GROUP, INC.

Statements of Operations

Years Ended December 31, 2018 and 2017

	2018			2017

REVENUES	$	-		$	-

EXPENSES
General and administrative		474			205
Professional fees		48,264			44,450
Total expenses		48,738			44,655
Loss before income taxes		(48,738	)		(44,655	)
Income tax		-			-
NET LOSS	$	(48,738	)	$	(44,655	)

BASIC AND DILUTED LOSS PER SHARE	$	(0.00	)	$	(0.00	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED*		289,333,360			289,333,360

*Post a forward ten for one stock split effective on February 5, 2016.

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

F-4

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LOVE INTERNATIONAL GROUP, INC.

Statements of Stockholders’ Deficit

Years Ended December 31, 2018 and 2017

					Additional					Total
	Common stock				Paid-in		Accumulated			Stockholders’
	Shares*		Amount		Capital		Deficit			Deficit
Balance, January 1, 2017		289,333,360	$	28,933	$	33,383	$	(142,483	)	$	(80,167	)
Net loss		-		-		-		(44,655	)		(44,655	)
Balance, December 31, 2017 and January 1, 2018		289,333,360	$	28,933	$	33,383	$	(187,138	)	$	(124,822	)
Net loss		-		-		-		(48,738	)		(48,738	)
Balance, December 31, 2018		289,333,360	$	28,933	$	33,383	$	(235,876	)	$	(173,560	)

*Post a forward ten for one stock split effective on February 5, 2016.

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

F-5

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Statements of Cash Flows

Years Ended December 31, 2018 and 2017

	2018			2017

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(48,738	)	$	(44,655	)
Changes in operating assets and liabilities:
Prepaid expenses		20,000			5,000
Accounts payable and accrued liabilities		(7,661	)		7,661
CASH USED IN OPERATING ACTIVITIES		(36,399	)		(31,994	)

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		36,399			31,994
CASH PROVIDED BY FINANCING ACTIVITIES		36,399			31,994

NET CHANGE IN CASH		-			-

CASH, BEGINNING OF YEAR		-			-

CASH, END OF YEAR	$	-		$	-

SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

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

F-6

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LOVE INTERNATIONAL GROUP, INC.

Notes to the Financial Statements

NOTE 1. ORGANIZATION, PRINCIPAL ACTIVITIES AND BASIS OF PREPARATION

Love International Group, Inc. (formerly known as QUINTEC CORP.) (“we”, “us”, “our” or the “Company”) was incorporated on May 23, 2013 under the laws of the State of Nevada. On November 11, 2015, a change in control of the Company occurred, whereby Walter Lee, the-then sole officer and director, sold 15,000,000 of his shares of common stock, representing 51.8% of the voting power of the issued and outstanding capital stock of the Company, in a private transaction to Yong Qiang Yang (8,250,000 shares) and Wei Min Jin (6,750,000 shares), who subsequently became officers and directors of the Company. Mr. Lee sold the remainder of his shares (5,000,000 shares) to other individuals in separate transactions not involving a public sale or distribution. After the sale of stock, Walter Lee had no further ownership of any voting securities of the Company.

On November 30, 2015, the Company accepted the resignation of Walter Lee from his positions as President, Chief Executive Officer, Chief Financial Officer and member of the Board of Directors. The Board of Directors appointed Yong Qiang Yang as President of the Company, and as a member of the Board of Directors, and Wei Min Jin as Chief Financial Officer and Secretary of the Company and a member of the Board of Directors, effective November 30, 2015.

All references above to share and per share data have not been adjusted to give effect of the forward stock split (see below).

On February 4, 2016, the Financial Industry Regulatory Authority approved: (a) changing the name of the Company to Love International Group, Inc. (“Name Change”); (b) increasing the aggregate number of authorized shares of Common Stock of the Company from one hundred and fifty million (150,000,000) shares, par value $0.001, to one billion (1,000,000,000) shares, par value $0.0001 per share (“Authorized Share Increase”); (c) a 10-for-1 forward stock split (“Forward Split”; together with the Name Change and Authorized Share Increase, the “Corporate Actions”) of the issued and outstanding shares of Common Stock of the Company; and (d) a new trading symbol of LOVV.

On February 5, 2016, the Corporate Actions became effective and the issued and outstanding shares of common stock of the Company became 289,333,360.

On March 7, 2016, the trading symbol changed to LOVV and a new CUSIP number (54714U107) was assigned to the Company’s common stock.

The Company does not yet have any operations and the development of its business is speculative. It has not generated any operating revenues to date.

The Company will require additional financing, either through a stock offering, or standard or convertible debt. Until and unless it is able to secure adequate financing, its business development will be curtailed.

The Company had a working capital deficiency and accumulated deficit from recurring net losses as of December 31, 2018 and 2017. These factors raise substantial doubts about the Company’s ability to continue as a going concern. The Company plans to raise additional funds through financing, either through financing from its shareholders or related parties, a stock offering, or standard or convertible debt, in the future to meet its daily cash demands if required. However, there can be no assurance that the Company will be successful in obtaining further financing.

The accompanying financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty related to the Company’s ability to continue as a going concern.

All common share and per share amounts disclosed herein and in the accompanying financial statements have been retroactively restated to reflect the forward stock split, except as otherwise provided herein.

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

Estimates and Assumptions

The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from these estimates and assumptions and could have a material effect on the Company’s reported financial position and results of operations.

F-7

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Foreign Currency Transactions

The reporting currency of the Company is the United States dollar (“U.S. Dollars”). The financial records of the Company are maintained in U.S. Dollars, which is the functional currency.

Monetary assets and liabilities denominated in currencies other than U.S. Dollars are translated into the functional currencies at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are re-measured into U.S. Dollars at historical exchange rates. Transactions in currencies other than U.S. Dollars during the period are converted into U.S. Dollars at the applicable rates of exchange prevailing at the transaction dates. Transaction gains and losses are recognized in the statements of operations

Cash and Cash Equivalents

Cash consists of cash on hand and in banks. The Company considers all highly liquid debt instruments, with initial terms of less than three months to be cash equivalents. The Company did not maintain any bank accounts during the years ended December 31, 2018 and 2017.

Fair Value Measurements

ASC Topic 820, Fair Value Measurement and Disclosures, 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. This topic also establishes a fair value hierarchy, which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are defined as follows:

	·	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

	·	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

	·	Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The carrying amounts of financial assets and liabilities, such as balance with related parties approximate their fair values because of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest.

F-8

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NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations and comprehensive loss in the period that includes the enactment date.

The impact of an uncertain income tax positions on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes.

Basic and Diluted Loss per Share

Loss per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, “Earnings per Share”. Diluted loss per share for all the periods presented was the same as basic loss per share as there were no potential dilutive equity instruments.

New Accounting Pronouncements

Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption.

F-9

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NOTE 3. DUE TO RELATED PARTY

Due to related party consisted of the following:

	Note	2018		2017

MMI Group NZ Limited	(a)		173,560		137,161

__________

(a)	Yong Qiang Yang and Wei Min Jin, both directors of the Company, have beneficial interests in this company.

The above balance is unsecured and non-interest bearing. This related company has agreed not to demand repayment until the Company is financially capable to do so.

NOTE 4. STOCKHOLDERS’ EQUITY

During the years ended December 31, 2018 and 2017, the Company did not issue any common stock.

As at December 31, 2018 and 2017, the Company had 289,333,360 shares issued and outstanding.

NOTE 5. INCOME TAXES

The Company is incorporated in the State of Nevada and is subject to the U.S. federal tax and state statutory tax rates of up to 34% and 0%, respectively. No provision for income taxes in the United States has been made as the Company had no taxable income for the years ended December 31, 2018 and 2017.

The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income statutory tax rates to pretax loss as follows:

	2018			2017

Loss before income taxes	$	(48,738	)	$	(44,655	)
Tax benefit at statutory rates		10,235			15,183
Provisional re-measurement of deferred taxes – TCJ Act		-			(24,329	)
Change in valuation allowance		(10,235	)		9,146
Net provision for income taxes	$	-		$	-

Net deferred tax assets consist of the following components:

	2018			2017
Deferred tax asset:
Net operating loss carry forwards	$	49,534		$	39,299
Valuation allowance		(49,534	)		(39,299	)
Net deferred tax asset	$	-		$	-

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Tax Cuts and Jobs Act (“TCJ Act”)

During the fourth quarter of 2017, the TCJ Act was enacted in the United States. Among its many provisions, the TCJ Act imposed a mandatory one-time transition tax on undistributed international earnings and reduced the U.S. corporate income tax rate to 21%, effective January 1, 2018. The Company is required to re-measure its deferred tax assets and liabilities to the new, lower U.S. corporate income tax rate, effective January 1, 2018. The effect of the remeasurement was recorded in the fourth quarter of 2017, consistent with the enactment date of the TCJ Act, and reflected in the provision for income taxes.

The Company has accumulated net operating loss carryovers of approximately $235,876 and $187,138 as of December 31, 2018 and 2017, respectively, which are available to reduce future taxable income. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes may be subject to annual limitations. A change in ownership may limit the utilization of the net operating loss carry forwards in future years. The tax losses begin to expire in 2034. The fiscal years 2017 and 2018 remain open to examination by federal tax authorities and other tax jurisdictions.

NOTE 6. SUBSEQUENT EVENTS

On February 11, 2019, we entered into the Share Exchange Agreement, pursuant to which, the Shareholders transferred all of the shares of the capital stock of Lovego Holdings held by them, constituting all of the issued and outstanding stock of Lovego Holdings, to the Company, in exchange for 710,666,640 newly issued shares of the our common stock, par value $.0001 per share, that constituted approximately 71% of our issued and outstanding capital stock on a fully-diluted basis as of and immediately after the consummation of the transactions contemplated by the Share Exchange Agreement (the “Merger”). The Shareholders are Lejoy Holdings Limited and Leseng Holdings Limited, each a British Virgin Islands company.

F-11

Filing Compare · LOVE INTERNATIONAL GROUP, INC.