UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒	Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the fiscal year ended December 31, 2016
	For the fiscal year ended December 31, 2017
☐	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the transition period from ______________to ______________

Commission File Number 000-50760

~~SANCON~~IGS ~~RESOURCES~~CAPITAL ~~RECOVERY,~~GROUP ~~INC.~~LIMITED

(Exact Name of Registrant as Specified in Its Charter)

State of Nevada, USA (State or Other Jurisdiction of Incorporation or Organization)	58-2670972 (I.R.S. Employer Identification No.)
602 Nan Fung Tower, Suite 6/F 88 Connaught Road Central Central District, Hong Kong (Address of Principal Executive Offices)	N/A (Zip Code)
E-702, Block E, Pusat Dagangan Phileo Damansara 1 No. 9, Jalan 16/11, Off Jalan Damansara 46350 Petaling Jaya, Selangor, Malaysia	46350
(Address of Principal Executive Offices)	(Zip Code)

+ ~~(852) 2868~~603-~~0668~~77726616

(Registrant’s Telephone Number, Including Area Code)

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

Title of Each Class	Name of Each Exchange on Which Registered
None	N/A

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

Common Stock, par value $0.001 per share

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

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

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☐ Yes ☒ ~~Yes ☐~~ No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form10-K ☐ □ Yes ☒ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company., or emerging growth company

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☐ (Do not check if a smaller reporting company) Smaller ~~Reporting~~reporting ~~Company~~company ☒ Emerging growth company ☐

~~Indicate~~If an emerging growth company, indicate by check mark ~~whether~~if the registrant ishas aelected ~~shell~~not ~~company~~to use the extended transition period for complying with any new or revised financial accounting standards ~~(as~~provided ~~defined~~pursuant into ~~Rule~~Section ~~12b-2~~13(a) of the Exchange Act). ☒ ~~Yes~~ ☐ No

~~The~~Indicate ~~aggregate market value of voting stock held~~ by ~~non-affiliates~~check ofmark whether the registrant asis ~~of June 30, 2016 was approximately $541,997 (based upon~~ a ~~closing~~shell ~~price of $0.02 per~~company ~~share,~~ (as ~~reported~~defined onin ~~Yahoo~~Rule ~~Finance).~~12b-2 As of ~~December 31, 2016, there were 105,091,254 shares of~~ the ~~registrant’s~~Exchange ~~common~~Act). ☐ ~~stock outstanding~~Yes ☒ No.

The aggregate market value of voting stock held by non-affiliates of the registrant as of June 30, 2017 was approximately $3,003,181 (based upon a closing price of $2.39 per share, as reported on OTC Markets). As of December 31, 2017, there were 3,583,175 shares of the registrant’s common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933.

None.

TABLE OF CONTENTS

				~~PAGE~~	PAGE
PART I				1
	Item 1	~~Business~~	Business	1	1
	Item 1A	~~Risk Factors~~	Risk Factors	3	3
	Item 1B	~~Unresolved Staff Comments~~	Unresolved Staff Comments	3	3
	Item 2	~~Properties~~	Properties	3	3
	Item 3	~~Legal Proceedings~~	Legal Proceedings	3	3
	Item 4	~~Mine Safety Disclosures~~	Mine Safety Disclosures	3	3
PART II				4
	Item 5	~~Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities~~	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	4	4
	Item 6	~~Selected Financial Data~~	Selected Financial Data	5	8
	Item 7	~~Management’s Discussion and Analysis of Financial Condition and Results of Operations~~	Management’s Discussion and Analysis of Financial Condition and Results of Operations	5	8
	Item 7A	~~Quantitative and Qualitative Disclosures About Market Risk~~	Quantitative and Qualitative Disclosures About Market Risk	8	12
	Item 8	~~Financial Statements and Supplementary Data~~	Financial Statements and Supplementary Data	8	12
	Item 9	~~Changes in and Disagreements with Accountants on Accounting and Financial Disclosure~~	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	8	12
	Item 9A	~~Controls and Procedures~~	Controls and Procedures	8	12
	Item 9B	~~Other Information~~	Other Information	9	13
PART III				10
	Item 10	~~Directors, Executive Officers and Corporate Governance~~	Directors, Executive Officers and Corporate Governance	10	14
	Item 11	~~Executive Compensation~~	Executive Compensation	11	15
	Item 12	~~Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters~~	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	12	16
	Item 13	~~Certain Relationships and Related Transactions, and Director Independence~~	Certain Relationships and Related Transactions, and Director Independence	13	17
	Item 14	~~Principal Accountant Fees and Services~~	Principal Accountant Fees and Services	13	17
PART IV				14
	Item 15	~~Exhibits, Financial Statement Schedules~~	Exhibits, Financial Statement Schedules	14	18
SIGNATURES				15
	Item 16		Form 10-K Summary		18
EXHIBITS				16
SIGNATURES
					19
EXHIBITS					20

Forward Looking Statements

CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this Report includes some statements that are not purely historical and that are “forward-looking statements” within the meaning 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”), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking statements as statements containing the words “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would” and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management’s views and assumptions as of the time the statements are made, but there can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. We disclaim any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

PART I

ITEM 1.

BUSINESS

~~Business~~DESCRIPTION ~~Combination~~OF ~~and~~BUSINESS ~~Corporate~~AND ~~Restructuring~~RECENT HISTORY

Effective May 26, 2006, a business combination occurred between Sancon Recycling Pty Ltd. (“SRPL”) and MKA Capital Inc. (hereinafter referred to as "MKAC"). The combination was effected by MKAC exchange its seventy-five percent (75%) equity stake in MK Aviation, S.A. (hereinafter referred to as "MKA") for one hundred percent (100%) equity stake in SRPL held by Mr. Jack Chen, Mr. Yiu Lo Chung, and associated parties (“the Shareholders”). Meanwhile, the Shareholders exchanged their ownership of seventy-five percent (75%) equity stake in MK Aviation, S.A. with 14,897,215 shares of the Registrant's common stock from Mr. Kraselnick and associated parties. Subsequently MKAC was renamed Sancon Resources Recovery, Inc. (herein below referred to as “the Company” or “Sancon”).General

AsIGS aCapital ~~result~~Group ofLimited ~~the merger~~("IGS", ~~there~~or ~~was a change in control of~~ "the ~~public entity MKAC. In accordance with SFAS No. 141~~Company", ~~SRPL was the acquiring entity. While the transaction~~ isor ~~accounted~~"we", ~~for~~or ~~using the purchase method of accounting~~"us"), informerly ~~substance~~known ~~the~~as ~~Agreement~~Sancon isResources aRecovery, ~~recapitalization of the Company's capital structure~~Inc. ~~For accounting purposes~~, ~~SRPL accounted for the transaction as a reverse acquisition and SRPL~~ is ~~the~~registered ~~surviving entity. SRPL did not recognize goodwill or any intangible assets~~ in ~~connection~~the ~~with~~State ~~the~~of ~~transaction~~Nevada.

Effective ~~with~~May 26, 2006, a business combination occurred between Sancon Recycling Pty Ltd. (“SRPL”) and MKA Capital Inc. (hereinafter referred to as "MKAC"). The combination was effected by MKAC exchange its seventy-five percent (75%) equity stake in MK Aviation, S.A. (hereinafter referred to as "MKA") for one hundred percent (100%) equity stake in SRPL held by Mr. Jack Chen, Mr. Yiu Lo Chung, and associated parties (“the ~~Agreement~~Shareholders”). Meanwhile, the Shareholders exchanged their ownership of seventy-five percent (75%) equity ~~owned~~stake in MK Aviation, S.A. with 14,897,215 shares of ~~MKAC~~the ~~voting~~Registrant's common stock orfrom 74Mr.~~28%~~ ofKraselnick ~~the~~and ~~Registrant's~~associated ~~20,030,370~~parties. Subsequently ~~issued~~MKAC ~~and~~was ~~outstanding~~renamed ~~voting~~Sancon ~~common stock~~Resources atRecovery, ~~the~~Inc. ~~time~~(herein below referred to as “Sancon”).

~~All~~As ~~references~~a toresult ~~common~~of ~~stock~~the merger, ~~share~~there ~~and~~was ~~per~~a change ~~share~~in ~~amounts had~~control ~~been~~of ~~retroactively~~the ~~restated~~public toentity ~~reflect~~MKAC. ~~the~~In ~~exchange~~accordance ofwith ~~100~~SFAS ~~shares~~No. of141, SRPL ~~common~~was ~~stock~~the acquiring entity. While the transaction is accounted for ~~14,897,215~~using ~~shares~~the purchase method of accounting, in substance the ~~MKAC~~Agreement is a recapitalization of Sancon's capital ~~common~~structure. ~~stock~~For ~~outstanding~~accounting ~~immediately~~purposes, ~~prior~~SRPL toaccounted for the ~~merger~~transaction as ifa reverse acquisition and SRPL is the ~~exchange~~surviving ~~had~~entity. SRPL ~~taken~~did ~~place~~not asrecognize ofgoodwill ~~the~~or ~~beginning~~any ofintangible ~~the~~assets ~~earliest period~~in ~~presented~~connection with the transaction.

~~The~~Effective ~~accompanying~~with ~~financial~~the ~~statements~~Agreement, ~~present~~ the ~~historical~~Shareholders owned ~~financial condition~~14,897,215 ~~results~~shares of ~~operations~~MKAC ~~and~~voting ~~cash~~common ~~flows~~stock ofor ~~Sancon~~74.28% as of ~~December~~the 31Registrant's 20,030,370 ~~2016~~issued and outstanding voting common stock at the time.

~~Business~~All references to common stock, share and per share amounts had been retroactively restated to reflect the exchange of 100 shares of SRPL common stock for 14,897,215 shares of the ~~Issuer~~MKAC's common stock outstanding immediately prior to the merger as if the exchange had taken place as of the beginning of the earliest period presented.

~~Overview~~On ofApril 26, 2017, the Company ~~and~~filed a certificate of amendment to its ~~Operations~~articles of incorporation with the Secretary of State of the State of Nevada (the “Amendment”) changing the Company’s name from “Sancon Resources Recovery, Inc.” to “IGS Capital Group Limited”. The name change became effective with FINRA on June 8, 2017.

During the period from June 2006 to October 2011, Sancon Resources Recovery, Inc. had been an industrial waste recycling company with operations based in Australia and China. Sancon's main operations and services included industrial waste management consulting, collection and reprocess of recyclable materials such as glass, plastic, cardboard, and paper.1

On April 26, 2017, the Company filed a certificate of change with the Secretary of State of Nevada to effectuate a reverse stock split (the “Stock Split”) of its issued and outstanding shares of common stock on a 1-for-100 basis. The number of its authorized shares of common stock will remain at 500,000,000 shares, par value $0.001. The Stock Split became effective with FINRA on June 8, 2017 (the “Effective Date”). As of that date, every 100 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares will be issued in connection with the Stock Split. Instead, any fractional shares will be rounded up to the next whole share and a holder of record of old common stock on the Effective Date who would otherwise be entitled to a fraction of a share will, in lieu thereof, be issued one whole share.

~~The~~On ~~business~~or ~~operation~~about ofJune ~~the~~29, ~~Company was carried out through its subsidiaries listed below. In 2011~~2017, the Company’s shares ~~divested~~of ~~all~~common ~~its~~stock ~~subsidiaries.~~began ~~The~~trading ~~status~~on of the ~~subsidiaries~~OTCQB asMarketplace ofunder the ~~year end~~symbol ~~2011~~“IGSC” isto ~~given~~reflect ~~below~~the Company’s new name.

Registered Name (business is conducted under the registered names)	Domicile	Owner	% held
Sancon Recycling Pty Ltd. (“Sancon AU” hereinafter) Status: The company was under administration and wound up by the directors.	Australia	Sancon		100
Sancon Resources Recovery (Shanghai) Co., Ltd. ("Sancon SH" hereinafter) Status: The shareholding was sold to Mr. Jack Chen on October 31, 2011.	Shanghai	Sancon		70
Crossover Solutions Inc. ("CS" hereinafter) Status: The shareholding was sold to Mr. Jack Chen on October 31, 2011.	British Virgin Island	Sancon		100
Sheng Rong Environment Protection Technology Co., Ltd. (“Shanghai Sheng Rong” hereinafter) Status: The company was owned by Sancon SH which was sold to Mr. Jack Chen on October 31, 2011.	Shanghai	Sancon SH		52

On August 22, 2017, the Company purchased all of the issued and outstanding capital stock of IGS Mart SDN BHD, a Malaysia company (“IGS Mart”). On completion of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.

On September 3019, ~~2011~~2017, ~~Sancon~~Ms. ~~entered~~HE ~~into~~Qianying aresigned ~~Stock~~from ~~Sale~~the ~~and~~Board ~~Purchase~~of ~~Agreement~~Directors toand ~~transfer~~her ~~its~~respective ~~70%~~executive ~~controlling~~positions ~~interest~~of inIGS ~~Sancon~~Capital ~~Resources~~Group ~~Recovery~~Limited ~~(Shanghai)~~as ~~Co.,~~part ~~Ltd. and~~of ~~100%~~the ~~interest~~Company’s management ofreorganization. ~~its~~The ~~associated~~resignation ~~company~~by ~~Crossover~~her ~~Solutions,~~did ~~Inc~~not toinvolve ~~Mr.~~any ~~Jack~~disagreements ~~Chen,~~with the Company’s ~~Chief~~or ~~Executive~~the ~~Officer and~~management ~~Director~~of the Company.

~~Under~~The ~~the~~accompanying ~~terms~~consolidated ~~of the Agreement, the purchase~~financial ~~price~~statements ~~was~~present ~~to be settled upon closing of~~ the ~~transaction~~historical byfinancial ~~returning~~condition, toresults ~~the Company a total~~ of ~~10,100,000~~operations ~~common~~and ~~shares,~~cash ~~representing 44%~~flows of the ~~total~~Company ~~issued~~as ~~and outstanding shares~~ of ~~Sancon.~~December ~~As of October~~ 31, ~~2011, a total of 10,100,000 shares of Sancon had been received and subsequently cancelled by the Company~~2017.

~~The~~Overview ~~Company is a controlled corporation with the substantial majority~~ of ~~our shares held by Pontoon Boat Inc. (“Pontoon”), a company registered in~~ the ~~Republic of Vanuatu. Pontoon acquired a 51% common shares of the~~ Company ~~in July 2016. As a result, there can be no assurance that business~~ and~~/or~~ ~~strategy~~its ~~of the Company will not change over time as a result of Pontoon’s acquisition.~~Operations

~~Our~~The ~~Strategy~~Company is a controlled corporation with the substantial majority of our shares held by Pontoon Boat Inc. (“Pontoon”), a company registered in the Republic of Vanuatu. Pontoon acquired a 51% common shares of the Company in July 2016. As a result, there can be no assurance that business and/or strategy of the Company will not change over time as a result of Pontoon’s acquisition.

WeIGS doMart ~~not~~is ~~currently~~a ~~engage~~company incorporated in ~~any~~Malaysia on ~~business~~June ~~activity~~2, 2017. ~~Our~~It ~~principal~~currently operates one convenient store named Like Mart at G-3A Tiara Mutiara 139, Jalan Puchong, 58200 Kuala ~~business~~Lumpur, ~~objective~~Malaysia. ~~will~~IGS beMart intends to ~~achieve~~open ~~long-term~~an ~~growth~~additional ~~potential~~5 ~~through~~convenient astores ~~combination~~in ~~with~~Malaysia aover ~~business~~the ~~rather~~next ~~than~~15 ~~immediate~~months. Although there is no assurance of success, ~~short-term~~the Company believes that there is a good opportunity for expansion of many more outlets after the ~~earnings~~brand is established.

WeThe ~~may~~directors ~~consider~~are aalways ~~business~~on ~~which~~the ~~has recently commenced operations,~~look-out ~~is a developing company in need of additional funds~~ for ~~expansion~~viable ~~into new products or markets, is seeking to develop a new product or service, or is an established~~ business ~~which~~that ~~may be experiencing financial or operating difficulties and is in need of additional capital. In~~ the ~~alternative,~~Company acan ~~business~~acquire combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in ~~a public offering~~Asia.

~~Any~~Our target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies.Strategy

~~Our~~We ~~management~~do ~~anticipates~~not ~~that~~currently itengage ~~will~~in ~~likely~~any bebusiness ~~able~~activity. toOur ~~effect~~principal ~~only on~~ business ~~combination,~~objective ~~due~~will ~~primarily~~be to ~~our~~achieve ~~limited~~long-term ~~financing,~~growth ~~and~~potential ~~the~~through ~~dilution of interest for current stockholders, which is likely to occur as~~ a ~~result~~combination ofwith ~~our management's plan to offer~~ a ~~controlling interest to a target~~ business inrather ~~order~~than toimmediate, ~~achieve~~short-term ~~tax free reorganization~~earnings.

~~Because~~We ofmay ~~general~~consider ~~economic~~a ~~conditions, rapid~~business ~~technological~~which ~~advances~~has ~~being~~recently commenced ~~made~~operations, inis ~~some~~a ~~industries~~developing ~~and~~company ~~shortages~~in need of ~~available~~additional ~~capital,~~funds ~~our~~for ~~management~~expansion ~~believes~~into ~~that~~new ~~there are~~products ~~numerous~~or ~~firms~~markets, is seeking to ~~the~~develop ~~perceived~~a ~~benefits~~new ofproduct ~~becoming~~or aservice, ~~publicly~~or ~~traded~~is ~~corporation.~~an ~~Potentially~~established ~~available~~ business ~~combinations~~ which may ~~occur~~be inexperiencing ~~many~~financial ~~different~~or ~~industries~~operating difficulties and atis ~~various~~in ~~stages~~need of ~~development~~additional capital. In the alternative, ~~all~~a ofbusiness ~~which~~combination ~~will~~may ~~make~~involve the ~~task~~acquisition of, ~~comparative~~or ~~investigation~~merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and ~~analysis~~loss of ~~such~~voting ~~business~~control ~~opportunities~~which ~~extremely~~may ~~difficult~~occur ~~and~~in ~~complex~~a public offering.

~~Evaluation~~Any target business that is selected may be a financially unstable company or an entity in its early stages of ~~Business~~development ~~Combinations~~or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies.

Our management ~~intends~~anticipates tothat ~~concentrate~~it onwill ~~prospective~~likely ~~business~~be ~~combinations~~able ~~that~~to ~~may~~effect beonly ~~brought~~on tobusiness ~~its~~combination, ~~attention~~due ~~through~~primarily ~~their~~to ~~own~~our ~~efforts~~limited financing, ~~through~~and ~~persons~~the ~~having~~dilution ~~pre-existing~~of interest for ~~business~~current orstockholders, ~~personal~~which ~~relationships~~is ~~with~~likely ~~members~~to ofoccur ~~the~~as ~~Company's~~a ~~management~~result ~~and~~of ~~interested~~our ~~persons~~management's ~~referred~~plan to ~~the~~offer ~~Company~~a bycontrolling ~~persons having~~interest ~~such~~to ~~pre-existing~~a ~~relationships~~target business ~~with~~in ~~members~~order ofto ~~its~~achieve ~~management~~tax orfree ~~other third parties~~reorganization.

2Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking the perceived benefits of becoming a publicly traded corporation. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

~~While~~Evaluation weof ~~have~~Business not established definitive criteria for acquisition candidates but intend to focus on Asian-based entities. In analyzing prospective business combinations, our management will also consider such matters as the following:Combinations

lOur ~~Available~~management ~~technical,~~intends ~~financial~~to concentrate on prospective business combinations that may be brought to its attention through their own efforts, through persons having pre-existing business or personal relationships with members of the Company's management and ~~managerial~~interested ~~resources,~~persons referred to the Company by persons having such pre-existing relationships with members of its management or other third parties.

~~l Working capital and other financial requirements,~~2

lWhile ~~Prospects~~we have not established definitive criteria for ~~the~~acquisition candidates ~~future~~but intend to focus on Asian-based entities. In analyzing prospective business combinations, our management will also consider such matters as the following:

l ~~Nature~~Available oftechnical, ~~present~~financial, and ~~expected~~managerial ~~competition~~resources,

l ~~The~~Working ~~potential~~capital ~~for~~and ~~further~~other ~~research,~~financial ~~development~~requirements, ~~or exploration,~~

l ~~The~~Prospects ~~potential~~ for ~~growth~~the ~~or expansion~~future, ~~and~~

l ~~The~~Nature ~~potential~~of ~~for~~present ~~profit.~~and expected competition,

Asl aThe ~~part~~potential offor ~~our~~further ~~investigation~~research, ~~our~~development, ~~officers and/~~or ~~directors will meet personally with management and key personnel~~exploration, visit and inspect material facilities, check references of management and key personnel, and take other reasonable investigative measures, to the extent of our limited financial resources and management expertise.

~~Intellectual~~l ~~Property~~The potential for growth or expansion, and

~~None~~l The potential for profit.

~~Employees~~As a part of our investigation, our officers and/or directors will meet personally with management and key personnel, visit and inspect material facilities, check references of management and key personnel, and take other reasonable investigative measures, to the extent of our limited financial resources and management expertise.

AsIntellectual ~~of December 31, 2016, the Company had no employees.~~Property

~~Factors That May Affect Future Results~~None.

The Company's ability to execute its business strategy and to sustain its operations depends upon its ability to maintain or procure capital. There can be no absolute assurance the necessary amount of capital will continue to be available to the Company on favorable terms, or at all. The Company's inability to obtain sufficient capital would limit the Company's ability to: (i) acquire new business and (ii) fund its working capital needs. The Company's access to capital may have a material adverse effect on the Company's business, financial condition and/or results of operations.Employees

~~There~~As ~~can be no absolute assurance the Company will be able to effectively manage its existing or the possible future expansion~~ of ~~its~~December ~~operations~~31, ~~or the Company's systems~~2017, ~~procedures~~ ~~or controls will be adequate to support future Company operations. Consequently,~~ the Company's ~~business,~~had ~~financial~~7 ~~condition and/or results of operations could be possibly and adversely affected~~employees.

~~The~~Factors ~~Company~~That ~~does~~May ~~not~~Affect ~~foresee~~Future changes in tax laws for the jurisdictions in which the Company operates. There can be no absolute assurance that changes will not occur, and therefore no absolute assurance such changes will not materially and adversely affect the Company's business, financial condition and future results of operations.Results

AsThe aCompany's ~~public~~ability ~~company,~~to ~~Sancon~~execute isits ~~subject~~business strategy and to ~~certain~~sustain ~~regulatory~~its ~~requirements~~operations ~~including,~~depends ~~but~~upon ~~not~~its ~~limited~~ability to, ~~compliance~~maintain ~~with~~or ~~Section~~procure ~~404~~capital. ofThere ~~the~~can ~~Sarbanes-Oxley~~be ~~Act~~no ofabsolute ~~2002~~assurance ~~("SOX404").~~the ~~Such~~necessary ~~compliance~~amount ~~results~~of incapital ~~significant~~will ~~additional~~continue ~~costs~~to be available to the Company byon ~~increased~~favorable ~~audit~~terms, ~~and~~or ~~consulting~~at all. The Company's inability ~~fees,~~to ~~and~~obtain sufficient capital would limit the ~~time~~Company's ~~required~~ability byto: ~~management~~(i) acquire new business and (ii) fund its working capital needs. The Company's access to ~~address~~capital may have a material adverse effect on the ~~regulations~~Company's business, financial condition and/or results of operations.

~~ITEM~~There 1Acan be no absolute assurance the Company will be able to effectively manage its existing or the possible future expansion of its operations, or the Company's systems, procedures or controls will be adequate to support the Company's operations. ~~RISK~~ ~~FACTORS~~Consequently, the Company's business, financial condition and/or results of operations could be possibly and adversely affected.

~~This~~As ~~information~~a public company, IGS is subject to certain regulatory requirements including, but not ~~required~~limited to, compliance with Section 404 of ~~smaller~~the ~~reporting~~Sarbanes-Oxley ~~companies~~Act of 2002 ("SOX404"). Such compliance results in significant additional costs to the Company by increased audit and consulting fees, and the time required by management to address the regulations.

ITEM 1B1A. ~~UNRESOLVED~~ ~~STAFF~~RISK ~~COMMENTS~~FACTORS

~~Not~~This ~~applicable~~information is not required of smaller reporting companies.

ITEM 21B. ~~PROPERTIES~~ UNRESOLVED STAFF COMMENTS

~~The~~Not ~~Company does not own or have any leased property as of December 31, 2016~~applicable. ~~The corporate office is provided to the Company by Fintel (USA) Limited. Mr. Stephen Tang, the previous CEO and President of the Company, is a principal owner of Fintel (USA) Limited.~~

ITEM 32. ~~LEGAL~~ ~~PROCEEDINGS~~PROPERTIES

~~None~~The Company does not own any property as of December 31, 2017. Our executive offices are located at E-702, Block E, Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor, Malaysia, which is office space that on a rent-free basis from the sole director.

ITEM 43. ~~MINE~~ ~~SAFETY~~LEGAL ~~DISCLOSURES~~PROCEEDINGS

~~Not applicable~~None.

3ITEM 4. MINE SAFETY DISCLOSURES

~~PART~~Not IIapplicable.

~~ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES~~3

~~Market~~PART ~~Information~~II

~~The~~ITEM ~~Company’s~~5. ~~stock~~MARKET isFOR ~~assigned~~REGISTRANT’S ~~the~~COMMON ~~symbol~~EQUITY, ~~SRRY~~RELATED ~~and~~STOCKHOLDER ~~is quoted~~MATTERS ~~and~~AND ~~traded~~ISSUER onPURCHASES ~~the~~OF ~~OTCPK.~~EQUITY SECURITIES

~~The~~Market range of low to high closing prices on the OTCPK is shown in the table below (rounded to the nearest cent). This information is taken from MSN Money and CSI. Readers should note OTCPK quotations are a reflection of inter-dealer prices, without retail mark-up, mark-down, or commissions, and may not represent actual transactions.Information

	Fiscal 2016				Fiscal 2015
Quarter	$ High Closing Price		$ Low Closing Price		$ High Closing Price		$ Low Closing Price
First		0.016		0.003		0.01		0.004
Second		0.024		0.002		0.02		0.010
Third		0.025		0.006		0.02		0.008
Fourth		0.014		0.008		0.01		0.002

The Company’s stock is assigned the symbol IGSC and is quoted and traded on the OTCQB Marketplace.

~~Holders~~The range of low to high closing prices on the ~~Company’s~~OTCQB ~~Stock~~is shown in the table below (rounded to the nearest cent). This information is taken from OTC Markets. Readers should note OTCQB quotations are a reflection of inter-dealer prices, without retail mark-up, mark-down, or commissions, and may not represent actual transactions.

The Company has issued common stock only. On December 31, 2016, the total number of holders of record as according to our transfer agent was approximately 300.

	Fiscal 2017				Fiscal 2016
Quarter	$ High Closing Price		$ Low Closing Price		$ High Closing Price		$ Low Closing Price
First		3.13		1.00		1.60		0.25
Second		3.00		0.20		2.40		0.15
Third		2.90		2.39		2.50		0.61
Fourth		2.80		1.15		1.45		0.80

~~Dividends~~Holders of the Company’s Stock

WeThe ~~did~~Company ~~not~~has ~~pay~~issued ~~any~~common ~~cash~~stock ~~dividends~~only. onOn ~~our~~December ~~common~~31, ~~stock~~2017, the ~~for~~total ~~fiscal year~~number ~~ended~~of onholders ~~December~~of ~~31,~~record ~~2016~~as according to our transfer agent was approximately 418.

~~Unregistered Sales of Equity Securities~~ Dividends

date	type	amount	person	consideration	transaction
4-Feb-16	Common share	3,000,000	Tang Wai Leong	$6,000	New Subscription of shares
4-Feb-16	Common share	4,000,000	Wong Yee Tat	$8,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Tam Wai Hung	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Lam Chi Pan	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	To Hoi Yi	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Wu Wai Fan	$7,000	New Subscription of shares
4-May-16	Common share	15,771,429	Francis Bok	$55,200	Settlement of director fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	15,771,429	Stephen Tang	$55,200	Settlement of director fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	11,040,000	Angel Lai	$27,600	Settlement of secretary fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	9,288,400	Fintel (USA) Ltd	$23,221	Settlement of accounting fee from Dec 22, 2013 to Jun 30, 2016

We did not pay any cash dividends on our common stock for fiscal year ended on December 31, 2017.

~~The~~Unregistered ~~number~~Sales of ~~shares~~Equity ~~issued was based on the average closing price of our common shares on the OTCPK during certain periods. The shares were exempt from registration pursuant to Section 4(2) under the~~ Securities Act of 1933, as amended, pursuant to Rule 903, as a sale by the issuer in an offshore transaction. No underwriting or other commissions were paid in connection with the issuance of these shares. No forms of conversion or exercise options are attached to the shares.

4The shares issued without registration in 2016 is shown in the table below.

ITEM 6. SELECTED FINANCIAL DATA

date	type	amount	person	consideration	transaction
4-Feb-16	Common share	3,000,000	Tang Wai Leong	$6,000	New Subscription of shares
4-Feb-16	Common share	4,000,000	Wong Yee Tat	$8,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Tam Wai Hung	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Lam Chi Pan	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	To Hoi Yi	$7,000	New Subscription of shares
4-Feb-16	Common share	3,500,000	Wu Wai Fan	$7,000	New Subscription of shares
4-May-16	Common share	15,771,429	Francis Bok	$55,200	Settlement of director fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	15,771,429	Stephen Tang	$55,200	Settlement of director fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	11,040,000	Angel Lai	$27,600	Settlement of secretary fee from Mar 13, 2014 to Jun 30, 2016
4-May-16	Common share	9,288,400	Fintel (USA) Ltd	$23,221	Settlement of accounting fee from Dec 22, 2013 to Jun 30, 2016

~~This~~The ~~information~~shares isissued ~~not~~without ~~required~~registration ofin ~~smaller~~2017 ~~reporting~~is ~~companies~~shown in the table below.

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

date	type	amount	person	consideration	transaction
8-May-17	Common share	20,000	MARCUS BIN APAU	$400.00	New Subscription of shares
8-May-17	Common share	45,000	MICHAEL DHAS ANBALAGAN	$900.00	New Subscription of shares
8-May-17	Common share	20,000	ANDREW BIN SANDAH	$400.00	New Subscription of shares

The following discussion contains forward-looking statements. Forward looking statements are identified by words and phrases such as “anticipate”, “intend”, “expect” and words and phrases of similar import. We caution investors that forward-looking statements are only predictions based on our current expectations about future events and are not guarantees of future performance. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements due to risks, uncertainties and assumptions that are difficult to predict. We encourage you to read carefully the other information provided in this Report and in our other filings with the SEC before deciding to invest in our stock or to maintain or change your investment. We undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law.4

You should read this MD&A in conjunction with the Financial Statements and Related Notes in Item 8.

8-May-17	Common share	15,000	SALIM BIN AHMAD	$300.00	New Subscription of shares
8-May-17	Common share	20,000	LIPAH BIN UMPOK	$400.00	New Subscription of shares
8-May-17	Common share	45,000	HAI ZATON BINTI AHMAD	$900.00	New Subscription of shares
8-May-17	Common share	15,000	HASLIZA BINTI AHMAD	$300.00	New Subscription of shares
8-May-17	Common share	15,000	NOOR SHAM BINTI ABU KASSIM	$300.00	New Subscription of shares
8-May-17	Common share	20,000	NORAINI BINTI MAJID	$400.00	New Subscription of shares
8-May-17	Common share	135,000	NAJMUIN BIN MOHAMAD	$2,700.00	New Subscription of shares
8-May-17	Common share	30,000	NORAZIZAM BIN DAHLAN	$600.00	New Subscription of shares
8-May-17	Common share	40,000	RUSTINA SING	$800.00	New Subscription of shares
8-May-17	Common share	135,000	TAN TOH NGUANG	$2,700.00	New Subscription of shares
8-May-17	Common share	30,000	MOHD SABRI BIN ANANG	$600.00	New Subscription of shares
8-May-17	Common share	60,000	SITI MUHIDAH BINTI KAMARUDDIN	$1,200.00	New Subscription of shares
8-May-17	Common share	15,000	MOHAMAD ABDUL WAHAB BIN ABDUL HALIM	$300.00	New Subscription of shares
8-May-17	Common share	30,000	JOLAILI BIN MATMIN	$900.00	New Subscription of shares
8-May-17	Common share	10,000	RAMLEE BIN RASMAT	$300.00	New Subscription of shares
8-May-17	Common share	125,000	MOHAMAD NAZRI BIN HASHIM	$2,500.00	New Subscription of shares
8-May-17	Common share	10,000	FARIZ IZADI BIN MAHIZAN	$300.00	New Subscription of shares
8-May-17	Common share	50,000	MOHAMED YUSOFF BIN ABDUL GHANI	$1,500.00	New Subscription of shares
8-May-17	Common share	70,000	MOHD FAZLY BIN MOHD NOOR SHAM	$1,400.00	New Subscription of shares
8-May-17	Common share	65,000	ANISAH BINTI AMBILAH	$1,300.00	New Subscription of shares
8-May-17	Common share	30,000	NAREIN BALAGEE	$600.00	New Subscription of shares
8-May-17	Common share	15,000	ADTAR KHAFIZ BIN RAMLAN	$300.00	New Subscription of shares
8-May-17	Common share	628,200	AZMAN BIN SAHAROM	$12,564.00	New Subscription of shares
8-May-17	Common share	15,000	SUHANA BINTI ASMAT	$300.00	New Subscription of shares
8-May-17	Common share	150,000	MIOR ZAMRI BIN MIOR AHMAD	$3,000.00	New Subscription of shares
8-May-17	Common share	15,000	MOHD MAIZATUL KEFTIAH BIN AHMAD	$300.00	New Subscription of shares
8-May-17	Common share	30,000	NORAINI BINTI ABU KASSIM	$600.00	New Subscription of shares
8-May-17	Common share	20,000	ROZALINDA BINTI MUSTAFFA	$400.00	New Subscription of shares
22-May-17	Common share	340,000	LOH SIU CHAN	$6,800.00	New Subscription of shares
22-May-17	Common share	1,992,541	PONTOON BOAT INC	$19,925.41	New Subscription of shares
29-Jun-17	Common share	1,290,145	PONTOON BOAT INC	$129,014.50	New Subscription of shares
29-Jun-17	Common share	15,000	KHALID BIN HASHIM	$1,500.00	New Subscription of shares
29-Jun-17	Common share	3,000	JULIA BINTI MOSIOL	$300.00	New Subscription of shares
29-Jun-17	Common share	3,200	ROHAYA BINTI BAKAR	$320.00	New Subscription of shares
29-Jun-17	Common share	43,600	SEO MANWON	$4,360.00	New Subscription of shares
29-Jun-17	Common share	10,000	SIN HYUNMUN	$1,000.00	New Subscription of shares

~~Overview~~5

Sancon Resources Recovery, Inc. was an industrial waste recycling company with operations based in Australia and China. Sancon exported more than 4,000 tons of recycled industrial waste material annually to its processing partners and manufacturers in China. Sancon's main operations and services included industrial waste management consulting, collection and reprocess of recyclable materials such as glass, plastic, cardboard, and paper before its re-entry into manufacture cycles as raw materials. The use of recycled material is both environmentally friendly and is a key part of the competitive manufacturing process to lower costs. Chinese manufacturers are increasingly turning to recycled materials to lower costs. The major customers for Sancon were Chinese manufacturers and recycled material traders such as Pernod Ricard, Hing Yang Hong, which are located mainly in the Chinese provinces of Shanghai, Guangdong, Zhejiang and Fujian.

29-Jun-17	Common share	10,000	PARK SUNG KYU	$1,000.00	New Subscription of shares
29-Jun-17	Common share	10,000	SHIN SOOKJA	$1,000.00	New Subscription of shares
29-Jun-17	Common share	16,000	LIM MUNSOON	$1,600.00	New Subscription of shares
29-Jun-17	Common share	10,000	KIM HWA SOOK	$1,000.00	New Subscription of shares
29-Jun-17	Common share	10,000	KIM HWA AE	$1,000.00	New Subscription of shares
29-Jun-17	Common share	15,000	FATIMAH BINTI MUHAMAD	$1,500.00	New Subscription of shares
29-Jun-17	Common share	5,000	RUSTINA SING	$500.00	New Subscription of shares
29-Jun-17	Common share	210,000	TAN TOH NGUANG	$21,000.00	New Subscription of shares
29-Jun-17	Common share	4,000	JOHN OMPUK	$400.00	New Subscription of shares
29-Jun-17	Common share	65,140	MOGAN ARWANANTHAN	$6,514.00	New Subscription of shares
29-Jun-17	Common share	15,000	ANBAZAGAN SAMUEL	$1,500.00	New Subscription of shares
29-Jun-17	Common share	9,000	PAMELA BINTI BENJAMIN	$900.00	New Subscription of shares
29-Jun-17	Common share	15,000	MD JALAL BIN JAAFAR	$1,500.00	New Subscription of shares
29-Jun-17	Common share	4,000	JAMAKIYAH BINTI MAJID	$400.00	New Subscription of shares
29-Jun-17	Common share	37,500	WOO DONGHWAN	$3,750.00	New Subscription of shares
29-Jun-17	Common share	11,700	KIM JUNG HWAN	$1,170.00	New Subscription of shares
29-Jun-17	Common share	20,000	SONG SANOCK	$2,000.00	New Subscription of shares
29-Jun-17	Common share	15,000	MAT HARUN BIN AB MANAF	$1,500.00	New Subscription of shares
29-Jun-17	Common share	20,000	TAY BOON HUA	$2,000.00	New Subscription of shares
29-Jun-17	Common share	20,000	KEE POH SOON	$2,000.00	New Subscription of shares
29-Jun-17	Common share	35,000	JEONG JEONGAE	$3,500.00	New Subscription of shares
29-Jun-17	Common share	12,000	AZMI BIN HASSIM	$1,200.00	New Subscription of shares
29-Jun-17	Common share	15,000	AZMAN BIN AMBIR	$1,500.00	New Subscription of shares
29-Jun-17	Common share	8,000	HASRINAH BINTI MOHD GULLAM	$800.00	New Subscription of shares
29-Jun-17	Common share	30,000	IBRISHAM BIN ZAKARIA	$3,000.00	New Subscription of shares
29-Jun-17	Common share	10,000	BACK YOUNG HEE	$1,000.00	New Subscription of shares
29-Jun-17	Common share	30,700	JEONG SONGGEUN	$3,070.00	New Subscription of shares
29-Jun-17	Common share	10,000	KIM YOUNGSE	$1,000.00	New Subscription of shares
29-Jun-17	Common share	3,830	SHIN YUNG SEUNG	$383.00	New Subscription of shares
29-Jun-17	Common share	10,000	AMINUDDIN BIN HAJI MUHAMMAD SAID	$1,000.00	New Subscription of shares
29-Jun-17	Common share	30,000	SHIM SHOO FAH	$3,000.00	New Subscription of shares
29-Jun-17	Common share	20,000	AMINUDDIN BIN HAJI MUHAMMAD SAID	$2,000.00	New Subscription of shares
29-Jun-17	Common share	6,000	KIANCHONG BIN JAILANI	$600.00	New Subscription of shares
29-Jun-17	Common share	3,000	ASMAH BINTI ATOU	$300.00	New Subscription of shares
29-Jun-17	Common share	6,000	RITA SARID	$600.00	New Subscription of shares
29-Jun-17	Common share	6,000	SULAIMAN MADAHIN	$600.00	New Subscription of shares
29-Jun-17	Common share	4,000	KAMARUZAMAN BIN ISMAIL	$400.00	New Subscription of shares
29-Jun-17	Common share	3,000	MOHD LASA BIN ABDUL	$300.00	New Subscription of shares
29-Jun-17	Common share	3,000	MUHAMMAD AZIM BIN BANI AMIN	$300.00	New Subscription of shares
29-Jun-17	Common share	3,000	MOHD RUSHDI BIN YUSOF	$300.00	New Subscription of shares
29-Jun-17	Common share	10,000	SHIM SHOO FAH	$1,000.00	New Subscription of shares
10-Jul-17	Common share	3,000	PAVITHIRAN DEVADASAN	$300.00	New Subscription of shares
10-Jul-17	Common share	8,000	RUSTINA SING	$800.00	New Subscription of shares
10-Jul-17	Common share	6,000	ZAINUDDIN BIN YAACOB	$600.00	New Subscription of shares
10-Jul-17	Common share	15,000	ANBAZAGAN SAMUEL	$1,500.00	New Subscription of shares
10-Jul-17	Common share	3,000	OTHMAN BIN AHMAN	$300.00	New Subscription of shares
10-Jul-17	Common share	3,000	ROSLINA BINTI AMALUDDIN	$300.00	New Subscription of shares

~~The business operation of the Company was carried out through its subsidiaries. In 2011, the Company divested all its subsidiaries. The Company currently has no active business activities.~~6

Plan of Operation

10-Jul-17	Common share	6,000	SITI SAUDAH BINTI SYED MUDAN	$600.00	New Subscription of shares
10-Jul-17	Common share	3,000	FAZIAH BINTI SELAMAT	$300.00	New Subscription of shares
10-Jul-17	Common share	9,000	CHE SALIM BIN SAID	$900.00	New Subscription of shares
10-Jul-17	Common share	3,000	YA ACUB BIN DOLLAH	$300.00	New Subscription of shares
10-Jul-17	Common share	15,000	SHIM SHOO FAH	$1,500.00	New Subscription of shares
10-Jul-17	Common share	10,000	SHIM SHOO FAH	$1,000.00	New Subscription of shares
10-Jul-17	Common share	30,000	AMINUDDIN BIN HAJI MUHAMMAD SAID	$3,000.00	New Subscription of shares
10-Jul-17	Common share	10,000	NG KOK CHONG	$1,000.00	New Subscription of shares
20-Jul-17	Common share	3,585	YOO HAK JONG	$8,570.00	New Subscription of shares
20-Jul-17	Common share	1,744	PARK JONGSUL	$4,170.00	New Subscription of shares
20-Jul-17	Common share	3,544	PARK SOONSEK	$8,470.00	New Subscription of shares
20-Jul-17	Common share	489	LEE SOON KYO	$1,170.00	New Subscription of shares
20-Jul-17	Common share	837	KIM YOUNG SUNG	$2,000.00	New Subscription of shares
20-Jul-17	Common share	1,255	KIM KYUNG WON	$3,000.00	New Subscription of shares
20-Jul-17	Common share	418	LIM MUN SEOP	$1,000.00	New Subscription of shares
20-Jul-17	Common share	418	LEE HOON	$1,000.00	New Subscription of shares
20-Jul-17	Common share	4,602	PARK JIHYEON	$11,000.00	New Subscription of shares
20-Jul-17	Common share	364	LEE GEUM SOON	$870.00	New Subscription of shares
20-Jul-17	Common share	837	KIM YOON	$2,000.00	New Subscription of shares
20-Jul-17	Common share	2,259	KANG SEONGHUI	$2,700.00	New Subscription of shares
20-Jul-17	Common share	628	KIM HONG WOO	$750.00	New Subscription of shares
20-Jul-17	Common share	837	KIM KEUMHO	$1,000.00	New Subscription of shares
20-Jul-17	Common share	4,978	WOO DONGHWAN	$5,949.00	New Subscription of shares
20-Jul-17	Common share	1,243	DOO HO	$2,970.00	New Subscription of shares
20-Jul-17	Common share	418	PARK YOUNG MAN	$1,000.00	New Subscription of shares
20-Jul-17	Common share	2,038	LEE SEUNGBOK	$4,870.00	New Subscription of shares
20-Jul-17	Common share	1,255	LEE YUBEEN	$3,000.00	New Subscription of shares
20-Jul-17	Common share	782	KIM OKJU	$1,870.00	New Subscription of shares
20-Jul-17	Common share	1,093	CHOI YOUNGCHAE	$2,613.00	New Subscription of shares
20-Jul-17	Common share	7,280	CHOI HYE KYUNG	$17,400.00	New Subscription of shares
20-Jul-17	Common share	1,255	HA KEUM JA	$3,000.00	New Subscription of shares
20-Jul-17	Common share	837	KIM DAE IL	$2,000.00	New Subscription of shares
20-Jul-17	Common share	837	AHN JONG CHUL	$2,000.00	New Subscription of shares
20-Jul-17	Common share	418	KANG KYUNG HEE	$1,000.00	New Subscription of shares
20-Jul-17	Common share	8,954	KIM YEON POONG	$21,400.00	New Subscription of shares
20-Jul-17	Common share	2,196	NAM HYERAN	$2,624.00	New Subscription of shares
20-Jul-17	Common share	1,506	LEE NAMYONG	$1,800.00	New Subscription of shares
20-Jul-17	Common share	3,766	KWON BOKCHOOL	$4,500.00	New Subscription of shares
20-Jul-17	Common share	1,506	BAEK HEEJA	$1,800.00	New Subscription of shares
20-Jul-17	Common share	2,510	SONG MYUNGBOON	$3,000.00	New Subscription of shares
20-Jul-17	Common share	837	KO CHANG BUM	$1,000.00	New Subscription of shares
20-Jul-17	Common share	1,506	PAK EUNSUN	$1,800.00	New Subscription of shares
20-Jul-17	Common share	837	CHOI JEOMNIM	$1,000.00	New Subscription of shares
20-Jul-17	Common share	1,257	WOO YOUNG HWAN	$2,000.00	New Subscription of shares
20-Jul-17	Common share	3,485	SEO YONGMOON	$7,318.00	New Subscription of shares
20-Jul-17	Common share	2,092	KIM HWOIIL	$5,000.00	New Subscription of shares
20-Jul-17	Common share	3,585	YOO HAK JONG	$8,570.00	New Subscription of shares
1-Aug-17	Common share	4,866	KIM JAE YEON	$12,165.56	New Subscription of shares
1-Aug-17	Common share	400	OH JOUNGSOUK	$1,000.00	New Subscription of shares
1-Aug-17	Common share	1,668	PARK JONGSUL	$4,170.00	New Subscription of shares
1-Aug-17	Common share	1,200	SEO HYOSEUNG	$3,000.00	New Subscription of shares
1-Aug-17	Common share	1,440	KIM KWANGSUK	$1,800.00	New Subscription of shares

~~The Company is actively looking for acquisition and merger opportunities in growth industries in Asia.~~7

Critical Accounting Policies and Estimates

1-Aug-17	Common share	120	RUSNANI BINTI AHMAD	$300.00	New Subscription of shares
1-Aug-17	Common share	240	RITA SARID	$600.00	New Subscription of shares
1-Aug-17	Common share	800	WONG OI LAN	$2,000.00	New Subscription of shares
1-Aug-17	Common share	1,696	KANG DONGKUK	$4,238.89	New Subscription of shares
1-Aug-17	Common share	400	YANG JEONG SOON	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	BAG GEUM SU	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	HAN MEE SUN	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	PARK KEUMSIM	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	AN MIKYEONG	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	KIM JAERYUN	$1,000.00	New Subscription of shares
22-Sep-17	Common share	1,000	JANG MINHEE	$2,800.00	New Subscription of shares
22-Sep-17	Common share	357	DO HYUNTAE	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	HWANG OKBOUN	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	SUNG JONGPIL	$1,000.00	New Subscription of shares
22-Sep-17	Common share	1,296	KIM JUNGJA	$3,630.00	New Subscription of shares
22-Sep-17	Common share	714	NOH WOOJEONG	$2,000.00	New Subscription of shares
22-Sep-17	Common share	357	KIM MINSEO	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	KIM EUNSOOK	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	KIM EUNHYANG	$1,000.00	New Subscription of shares
22-Sep-17	Common share	357	SON BOGYEONG	$1,000.00	New Subscription of shares
22-Sep-17	Common share	869	HWANG YOUNGOK	$2,432.00	New Subscription of shares
22-Sep-17	Common share	310	LEE CHOULYONG	$870.00	New Subscription of shares
22-Sep-17	Common share	357	RYU JEAHAG	$1,000.00	New Subscription of shares
22-Sep-17	Common share	310	KIM JOUNG MI	$870.00	New Subscription of shares
22-Sep-17	Common share	357	KIM GIWOO	$1,000.00	New Subscription of shares
22-Sep-17	Common share	117	BASIAH BINTI MUSAL	$327.00	New Subscription of shares
22-Sep-17	Common share	432	SANNANG BIN RAFI	$1,209.00	New Subscription of shares
22-Sep-17	Common share	533	SHIM SHOO FAH	$1,491.00	New Subscription of shares
1-Nov-17	Common share	400	KIM JUNG HWAN	$500.00	New Subscription of shares
1-Nov-17	Common share	1,344	PARK ANSUK	$1,680.00	New Subscription of shares
1-Nov-17	Common share	6,504	WOO DONGHWAN	$8,130.00	New Subscription of shares

The ~~preparation~~number of ~~our~~shares ~~financial~~issued ~~statements in~~was ~~conformity~~based ~~with~~on ~~accounting principles generally accepted in~~ the ~~United~~average ~~States requires us to make estimates and judgments that~~closing ~~affect~~price of our ~~reported~~common ~~assets,~~shares ~~liabilities,~~on ~~revenues, and expenses, and~~ the ~~disclosure~~OTCQB ofduring ~~contingent~~certain ~~assets and liabilities~~periods. WeThe ~~base our~~shares ~~estimates~~were ~~and~~exempt ~~judgments~~from onregistration ~~historical~~pursuant ~~experience~~to ~~and~~Section on4(2) under ~~various~~the ~~other~~Securities ~~assumptions~~Act weof ~~believe~~1933, toas beamended, ~~reasonable~~pursuant ~~under~~to ~~the~~Rule ~~circumstances. Future events~~903, ~~however,~~as ~~may~~a ~~differ~~sale ~~markedly~~by ~~from~~the ~~our~~issuer ~~current~~in ~~expectations~~an ~~and~~offshore ~~assumptions~~transaction. ~~While~~No ~~there are a number of significant~~underwriting ~~accounting~~or ~~policies~~other ~~affecting~~commissions ~~our~~were ~~financial~~paid ~~statements;~~in weconnection ~~believe~~with the ~~following~~issuance ~~critical~~of ~~accounting~~these ~~policies~~shares. ~~involve~~No ~~the~~forms ~~most complex,~~of ~~difficult~~conversion ~~and~~or ~~subjective~~exercise ~~estimates~~options ~~and~~are attached ~~judgments:~~to ~~allowance~~the ~~for doubtful accounts; income taxes; stock-based compensation; asset impairment~~shares.

~~Revenue~~ITEM ~~Recognition~~6. SELECTED FINANCIAL DATA

InThis ~~accordance~~information ~~with generally accepted accounting principles ("GAAP") in the United States, revenue~~ is ~~recognized~~not ~~only~~required ~~when the price is fixed or determinable, persuasive evidence~~ of ansmaller ~~arrangement~~reporting ~~exists, the service is performed, and collection of the resulting receivable is reasonably assured~~companies. ~~Noted below are brief descriptions of the product or service revenues that the Company recognizes in the financial statements contained herein.~~

5ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The ~~Company~~following ~~was~~discussion ~~organized~~contains ~~into~~forward-looking statements. ~~two~~Forward ~~businesses:~~looking statements are identified by words and phrases such as “anticipate”, “intend”, ~~material~~“expect” ~~recycling~~and words and ~~waste~~phrases ~~management~~of ~~service~~similar import. ~~Their~~We ~~revenue~~caution ~~recognition~~investors isthat forward-looking statements are only predictions based on our current expectations about future events and are not guarantees of future performance. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements due to risks, uncertainties and assumptions that are difficult to predict. We encourage you to read carefully the other information provided in this Report and in our other filings with the SEC before deciding to invest in our stock or to maintain or change your investment. We undertake no obligation to revise or update any forward-looking statement for any reason, except as ~~follows:~~required by law.

~~(1)~~You ~~Material~~should ~~Recycling~~read ~~refers~~this toMD&A ~~the activities of collecting and processing of waste materials, then selling them to customers~~ in ~~China.~~conjunction ~~The~~with ~~plant~~the ~~is located in Australia. The~~Financial ~~revenue~~Statements isand ~~recognized~~Related ~~when~~Notes ~~delivery~~in ofItem ~~the material is occurred and invoice issued~~8.

(2) Waste Management Service refers the activities of providing waste management service with operations located in Shanghai China. The revenue is recognized when service is completed and invoice is issued.Overview

~~Allowance~~On ~~for~~August ~~doubtful~~22, ~~accounts~~2017, the Company purchased all of the issued and outstanding capital stock of IGS Mart SDN BHD, a Malaysia company (“IGS Mart”). On completion of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.

We maintain an allowance for doubtful accounts to reduce amounts to their estimated realizable value. A considerable amount of judgment is required when we assess the realization of accounts receivables, including assessing the probability of collection and the current credit-worthiness of each customer. If the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments, an additional provision for doubtful accounts could be required. We initially record a provision for doubtful accounts based on our historical experience, and then adjust this provision at the end of each reporting period based on a detailed assessment of our accounts receivable and allowance for doubtful accounts. In estimating the provision for doubtful accounts, we consider: (i) the aging of the accounts receivable; (ii) trends within and ratios involving the age of the accounts receivable; (iii) the customer mix in each of the aging categories and the nature of the receivable; (iv) our historical provision for doubtful accounts; (v) the credit worthiness of the customer; and (vi) the economic conditions of the customer’s industry as well as general economic conditions, among other factors.8

~~Income~~IGS ~~taxes~~Mart is a company incorporated in Malaysia on June 2, 2017. It currently operates one convenient store named Like Mart at G-3A Tiara Mutiara 139, Jalan Puchong, 58200 Kuala Lumpur, Malaysia. IGS Mart intends to open an additional 5 convenient stores in Malaysia over the next 15 months. Although there is no assurance of success, the Company believes that there is a good opportunity for expansion of many more outlets after the brand is established.

WePlan ~~account for income taxes in accordance with SFAS No. 109(ASC 740), Accounting for Income Taxes. SFAS 109 prescribes the use~~ of the liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. We then assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe that recovery is not likely, we establish a valuation allowance. To the extent we establish a valuation allowance, or increase or decrease this allowance in a period, we increase or decrease our income tax provision in our statement of operations. If any of our estimates of our prior period taxable income or loss prove to be incorrect, material differences could impact the amount and timing of income tax benefits or payments for any period. In addition, as a result of the significant change in the Company’s ownership, the Company's future use of its existing net operating losses may be limited.Operation

The Company ~~operated~~is inactively ~~several~~looking ~~countries. As~~for aacquisition ~~result, we were subject to numerous domestic~~ and ~~foreign~~merger ~~tax jurisdictions and tax agreements and treaties among the various~~opportunities ~~taxing authorities. Our operations~~ in ~~these~~growth ~~jurisdictions~~industries ~~were taxed on various bases: income before taxes, deemed profits and withholding taxes based on revenue. The calculation of our tax liabilities involved consideration of uncertainties~~ in ~~the application and interpretation of complex tax regulations in a multitude of jurisdictions across our global operations~~Asia.

WeCritical ~~recognize~~Accounting ~~potential~~Policies ~~liabilities~~ and ~~record~~ tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and the extent to which, additional taxes will be due. The tax liabilities are reflected net of realized tax loss carry forwards. We adjust these reserves upon specific events; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is different from our current estimate of the tax liabilities. If our estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If payment of these amounts ultimately proves to be less than the recorded amounts, the reversal of the liabilities would result in tax benefits being recognized in the period when the contingency has been resolved and the liabilities are no longer necessary.Estimates

~~Changes~~The preparation of our financial statements in ~~tax~~conformity ~~laws~~with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, ~~regulations~~liabilities, ~~agreements~~ revenues, and ~~treaties~~expenses, ~~foreign~~and ~~currency~~the ~~exchange~~disclosure ~~restrictions~~of orcontingent assets and liabilities. We base our ~~level~~estimates ofand ~~operations~~judgments oron ~~profitability~~historical inexperience ~~each~~and ~~taxing~~on ~~jurisdiction~~various ~~could have~~other anassumptions ~~impact~~we ~~upon~~believe to be reasonable under the ~~amount~~circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of ~~income~~significant accounting ~~taxes~~policies ~~that~~affecting our financial statements; we ~~provide~~believe ~~during~~the ~~any~~following ~~given~~critical ~~year~~accounting policies involve the most complex, difficult and subjective estimates and judgments: allowance for doubtful accounts; income taxes; stock-based compensation; asset impairment.

~~Stock-Based~~Revenue ~~Compensation~~Recognition

~~Effective~~The ~~January~~Company 1,recognizes ~~2006,~~its ~~the~~revenue ~~beginning of~~in ~~Sancon's~~accordance ~~first~~with ~~fiscal~~the ~~quarter~~ASC Topic ~~of 2006~~605, ~~the~~“Revenue ~~Company~~Recognition”. ~~adopted~~Revenue ~~the~~is ~~fair~~recognized ~~value~~when ~~recognition~~persuasive ~~provisions~~evidence of ~~SFAS~~an ~~123R~~arrangement ~~(ASC 718)~~exists, ~~using~~delivery ~~the~~has ~~modified-prospective transition method. Under this transition method~~occurred, ~~stock-based compensation expense was recognized in~~ the ~~financial~~ ~~statements~~sales ~~for~~price ~~granted~~is ~~stock~~fixed ~~options~~or determinable, ~~since~~and ~~the~~collectability ~~related~~is ~~purchase~~reasonably ~~discounts~~assured. ~~exceeded~~The ~~the~~recognition ~~amount~~of ~~allowed~~revenues ~~under SFAS 123R(ASC~~involves ~~718)~~certain ~~for~~management ~~non-compensatory treatment~~judgments. ~~Compensation~~The ~~expense~~amount ~~recognized included: the estimated expense for stock options granted on~~ and ~~subsequent~~timing ~~to January 1, 2006, based on the grant date fair value estimated in accordance with the provisions~~ of ~~SFAS~~our ~~123R (ASC~~revenues ~~718);~~could ~~and~~be ~~the~~materially ~~estimated~~different ~~expense~~ for ~~the~~any ~~portion vesting in the~~ period ~~for~~if ~~options granted prior to, but not vested as of January~~management 1,made ~~2006,~~different ~~based~~judgments onor ~~the~~utilized ~~grant~~different ~~date fair value estimated in accordance with the original provisions of SFAS 123(ASC 718)~~estimates. ~~Results for prior periods have not been restated, as provided for under the modified-prospective method.~~

6Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue.

OnIncome December 5, 2012, the Company entered into a settlement agreement with Dragon Wings for the settlement of the claim by Dragon Wings. In consideration of Sancon's agreement to make the payments in the form of common shares and share options listed in the settlement agreement. The Company would give the option to Dragon Wings to purchase 6,000,000 common shares; the option may be exercised by Dragon Wings in whole or in part, at any time within 5 years from the date of this settlement agreement with the exercise price at US$0.01 per share, with dilution protection and subject to share split adjustment.taxes

~~For~~We ~~other~~account ~~items~~for ~~paid~~income taxes in accordance with SFAS No. 109(ASC 740), Accounting for byIncome ~~common~~Taxes. ~~stock~~SFAS 109 prescribes the use of the liability method. Under this method, deferred tax assets and liabilities are recognized for the ~~value~~future oftax consequences attributable to temporary differences between the ~~transaction~~financial isstatement ~~determined~~carrying byamounts and the ~~value~~tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using the ~~goods~~enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or ~~services~~settled. ~~received,~~We ~~measured~~then atassess the ~~time~~likelihood ofthat our deferred tax assets will be recovered from future taxable income and to the ~~transaction~~extent we believe that recovery is not likely, we establish a valuation allowance. To the extent we establish a valuation ~~The~~allowance, ~~corresponding~~or ~~stock~~increase ~~value~~or decrease this allowance in a period, ~~used~~we toincrease ~~determine~~or ~~the~~decrease ~~number~~our income tax provision in our statement of ~~share~~operations. If any of our estimates of our prior period taxable income or loss prove to be ~~issued~~incorrect, ismaterial differences could impact the ~~value~~amount and timing of ~~the~~income ~~average~~tax ~~price~~benefits or payments for any period. In addition, as a result of the 20significant change toin 30the ~~days~~Company’s ~~prior~~ownership, to the ~~transaction~~Company's ~~date~~future use of its existing net operating losses may be limited.

~~Asset~~We ~~Impairment~~recognize potential liabilities and record tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and the extent to which, additional taxes will be due. The tax liabilities are reflected net of realized tax loss carry forwards. We adjust these reserves upon specific events; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is different from our current estimate of the tax liabilities. If our estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If payment of these amounts ultimately proves to be less than the recorded amounts, the reversal of the liabilities would result in tax benefits being recognized in the period when the contingency has been resolved and the liabilities are no longer necessary.

WeChanges ~~periodically~~in ~~evaluate~~tax ~~the carrying value of other long-lived assets~~laws, ~~including~~regulations, ~~but not limited to, property~~ agreements and ~~equipment and intangible assets~~treaties, ~~when~~foreign ~~events~~currency ~~and~~exchange ~~circumstances warrant~~restrictions ~~such~~or aour ~~review.~~level ~~The carrying value~~ of aoperations ~~long-lived~~or ~~asset~~profitability isin ~~considered~~each ~~impaired~~taxing ~~when~~jurisdiction ~~the anticipated undiscounted cash flows~~could ~~from~~have ~~such~~an ~~asset~~impact isupon ~~less than its carrying value. In that event, a loss is recognized based on~~ the amount ~~by which the carrying value exceeds the fair value~~ of ~~the~~income ~~long-lived~~taxes ~~asset.~~that ~~Fair~~we ~~value~~provide isduring ~~determined~~any ~~primarily~~given ~~using the anticipated cash flows discounted at a rate commensurate with the risk involved~~year. Significant estimates are utilized to calculate expected future cash flows utilized in impairment analyses. We also utilize judgment to determine other factors within fair value analyses, including the applicable discount rate.

~~Results~~Stock-Based ~~of Operations~~Compensation

~~Two~~Effective ~~Years~~January ~~Ended~~1, ~~December~~2006, 31the beginning of the Company's first fiscal quarter of 2006, ~~2016~~the Company adopted the fair value recognition provisions of SFAS 123R (ASC 718), using the modified-prospective transition method. Under this transition method, stock-based compensation expense was recognized in the financial statements for granted stock options, since the related purchase discounts exceeded the amount allowed under SFAS 123R(ASC 718) for non-compensatory treatment. Compensation expense recognized included: the estimated expense for stock options granted on and ~~2015~~subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the provisions of SFAS 123R (ASC 718); and the estimated expense for the portion vesting in the period for options granted prior to, but not vested as of January 1, 2006, based on the grant date fair value estimated in accordance with the original provisions of SFAS 123(ASC 718). Results for prior periods have not been restated, as provided for under the modified-prospective method.

~~Revenue~~9

~~The~~On December 5, 2012, the Company ~~had~~entered into noa ~~revenues~~settlement agreement with Dragon Wings for the settlement of the claim by Dragon Wings. In consideration of the Company's agreement to make the payments in ~~2016~~the form of common shares and share options listed in the settlement agreement. The Company would ~~2015~~give the option to Dragon Wings to purchase 6,000,000 common shares; the option may be exercised by Dragon Wings in whole or in part, at any time within 5 years from the date of this settlement agreement with the exercise price at US$0.01 per share, with dilution protection and subject to share split adjustment.

~~Other~~For ~~Income~~other items paid for by common stock, the value of the transaction is determined by the value of the goods or services received, measured at the time of the transaction. The corresponding stock value, used to determine the number of share to be issued, is the value of the average price for the 20 to 30 days prior to the transaction date.

WeImpairment ~~had other income~~ of ~~$1,230 in 2016 and $nil in 2015, attributable to the write~~long-~~off~~lived ~~of amount due to related party.~~assets

~~General~~In accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and ~~administrative~~equipment held ~~expenses~~and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. There has been no impairment charge for the year ended December 31, 2017.

~~General~~Results ~~and administrative expenses increased to $85,643 for the year 2016, from $74,147 for the year 2015, an increase~~ of $11,496. Of these amounts, $30,000 and $60,000 related to the value of cash compensation to our directors and secretary in each of 2016 and 2015, respectively. In addition, a substantial portion of our expenses for the year ended December 31, 2016 related to accounting service fees, audit fees, and legal and professional service fees, and for the year ended December 31, 2015 related to accounting service fees, audit fees, professional service fees and transfer agent fees.Operations

~~Income~~Two ~~Tax~~Years Ended December 31, 2017 and 2016

~~No income tax was provided for the year 2016 and 2015.~~Revenue

~~Net~~The ~~loss~~Company had revenues of $100,663 for the year ended December 31, 2017 and $nil for the same period in 2016.

~~The~~Cost ~~net loss for the year 2016 was $84,413, compared to the net loss~~ of ~~$74,147 in 2015, an increase of $10,266.~~Sales

~~Liquidity~~Cost of sales for the year ended December 31, 2017 was $84,339 and ~~Capital~~$nil ~~Resources~~for the same period in 2016.

AsGross shown in the accompanying financial statements, the Company had an accumulated loss of $1,219,286 as of December 31, 2016 compared to the accumulated loss of $1,134,873 for the year ended December 31, 2015. There was a working capital deficit of $102,110 on December 31, 2016 and it was $220,918 as of December 31, 2015. It decreased $118,808.Profit

~~Operating~~Gross ~~Activities~~profit for the year ended December 31, 2017 was $16,324 and $nil for the same period in 2016.

~~$203,221~~Goodwill ~~net~~written-off ~~cash flows used in operating activities~~ for the year ~~2016~~ended December ~~and $nil used for the year 2015~~31, ~~due~~2017 towas ~~a significant decrease in respect of liabilities due to related parties and accrued expenses and other payable in 2016~~$75,948. ~~The liabilities are settled by the issuance of common shares in 2016.~~

7General and administrative expenses

~~Investing~~General ~~Activities~~and administrative expenses increased to $212,601 for the year 2017, from $85,643 for the year 2016, an increase of $126,958. Of these amounts, $73,167 related to the value of cash compensation to our directors in 2017 and $30,000 related to the value of cash compensation to our directors and secretary in 2016, respectively. In addition, a substantial portion of our expenses for the year ended December 31, 2017 related to accounting service fees, audit fees, legal service fees, professional service fees and salaries, and for the year ended December 31, 2016 related to accounting service fees, audit fees, and legal and professional service fees.

NoOther ~~net cash was used in investing activities for the year 2016 and 2015. The Company did not purchase any property or equipment in 2016 and 2015.~~Income

~~Financing~~The ~~Activities~~other income for the year ended December 31, 2017 was $27,810, compared to the other income of $1,230 for the year ended December 31, 2016, an increase of $26,580.

~~$203,221 net cash flows provided by financing activities for the year 2016 and $nil provided for the year 2015. The net cash flows provided for the year 2016 is due to the issuance of common shares.~~10

~~The~~Income Company financed its growth by utilizing cash reserves and loans from directors. Loans from directors were unsecured, and deferred payment term and without interest bearing. The Company’s primary use of funds was for investigating potential merger/acquisition candidates and for working capital.Tax

~~Inflation~~The Company had deferred tax liability of $2,850 for the year ended December 31, 2017 and $nil for the same period in 2016.

InNet ~~the opinion of management, inflation has not had a material effect on the Company's financial condition or results of its operations.~~loss

~~Trends~~The ~~and~~net ~~uncertainties~~loss for the year 2017 was $247,265, compared to the net loss of $84,413 in 2016, an increase of $162,852.

~~Management~~Liquidity ~~believes~~and ~~there~~Capital ~~are~~Resources nofor ~~known~~the ~~trends,~~Years ~~events,~~Ended orDecember ~~uncertainties that could~~31, or2017 ~~reasonably be expected to, adversely affect the Company’s liquidity in the short~~ and ~~long terms, or its net sales, revenues, or income from continuing operations.~~2016

~~Off-Balance~~Working ~~Sheet Arrangements~~Capital

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources, that are material to investors.

	As of		As of
	December 31,		December 31,
	2017		2016
Total Assets	$	502,981	$	–
Total Liabilities	$	329,358	$	102,110
Working Capital	$	173,623	$	(102,110	)

~~ITEM~~As 7Ashown in the accompanying consolidated financial statements, the Company has accumulated loss of $1,466,551 as of December 31, 2017 compared to $1,219,286 as of December 31, 2016. ~~QUANTITATIVE~~ ~~AND~~There ~~QUALITATIVE~~was a working capital earning of $173,623 as of December 31, 2017 and it was a working capital deficit of $102,110 ~~DISCLOSURES~~as ~~ABOUT~~of ~~MARKET~~December ~~RISK~~31, 2016. It has increased by $275,733. This is due to the settlement of liability due to related parties by issuance of common shares.

~~This~~Operating ~~information is not required of smaller reporting companies.~~Activities

~~ITEM~~The 8net cash flows used in operating activities for the year ended December 31, 2017 was $393,623 compared to $139,684 for the year ended December 31, 2016. ~~FINANCIAL~~ ~~STATEMENTS~~The ~~AND~~increase ~~SUPPLEMENTARY~~is ~~DATA~~attributed to increase in amount due from related parties.

~~Financial~~Investing ~~statements are attached hereto following Part IV, Item 15 beginning on Page F-1 of this Annual Report.~~Activities

~~ITEM~~The ~~9. CHANGES~~net INcash ~~AND~~flows ~~DISAGREEMENTS~~provided by investing ~~WITH~~activities ~~ACCOUNTANTS~~for ONthe ~~ACCOUNTING~~year ~~AND~~ended ~~FINANCIAL~~December ~~DISCLOSURE~~31, 2017 was $11,055 compared to $nil for the year ended December 31, 2016. The increase is attributed to acquisition of a subsidiary.

WeFinancing ~~engaged Dominic K.F. Chan & Co. as our independent accountant on August 20, 2012.~~Activities

~~Effective~~The ~~from~~net ~~May~~cash 1,flows ~~2016,~~provided ~~DCAW~~by ~~(CPA)~~financing ~~Ltd.~~activities ~~has~~for ~~succeeded~~the ~~from~~year ~~Dominic~~ended ~~K.F.~~December ~~Chan~~31, &2017 ~~Co.~~was $395,792 ~~the~~compared ~~license~~ to ~~audit~~$139,684 ~~U.S.~~for ~~public~~the ~~company~~year ~~regulated~~ended byDecember ~~PCAOB~~31, 2016. The ~~principals~~Company ~~and~~financed ~~staff~~its ofgrowth ~~DCAW~~by ~~(CPA)~~utilizing ~~Ltd.~~cash ~~are~~reserves, ~~the~~loans ~~same~~from ~~auditors~~related parties and ~~staff~~issuance ~~who~~of common shares. Loans from related parties were ~~engaged~~unsecured, onand ~~the~~deferred ~~audit~~payment ofterm ~~the~~and without interest bearing. The Company’s ~~while~~primary atuse ~~Dominic~~of ~~K.F.~~funds was for operation ~~Chan~~expense &and Coworking capital.

On August 12, 2016, the Company engaged Anthony Kam & Associates Ltd. ("AKAM"), as its new independent registered public accountant. The decision to engage AKAM was recommended and approved by the Company’s Board of Directors.Inflation

~~ITEM~~In ~~9A.~~the ~~CONTROLS~~opinion ~~AND~~of ~~PROCEDURES~~management, inflation has not had a material effect on the Company's financial condition or results of its operations.

~~Under~~Trends ~~the supervision~~ and with the participation of our management, including our principal executive officer and the principal financial officer, we conducted an evaluation of the effectiveness of the design and operation of its disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the period covered by this report (the "Evaluation Date"). Based on this evaluation, our principal executive officer and principal financial officer concluded as of the Evaluation Date, that our disclosure controls and procedures were not effective.uncertainties

8Management believes there are no known trends, events, or uncertainties that could, or reasonably be expected to, adversely affect the Company’s liquidity in the short and long terms, or its net sales, revenues, or income from continuing operations.

~~Managements'~~Off-Balance ~~Annual~~Sheet ~~Report on Internal Control over Financial Reporting~~Arrangements

~~Management~~There isare ~~responsible~~no ~~for~~off-balance ~~establishing~~sheet arrangements ~~and~~that ~~maintaining~~have ~~adequate~~or ~~internal~~are ~~control~~reasonably ~~over~~likely ~~financial~~to ~~reporting~~have ~~of the Company. Internal control over financial reporting is~~ a ~~process~~current ~~designed~~or ~~by,~~future oreffect ~~under~~on the ~~supervision~~Company’s offinancial condition, ~~our~~changes ~~chief~~in ~~executive and chief~~ financial condition, ~~officers~~revenues ~~and~~or ~~effected~~expenses, byresults ~~our board~~ of ~~directors~~operations, ~~management and other personnel~~liquidity, tocapital ~~provide~~expenditures ~~reasonable~~or ~~assurance~~capital ~~regarding~~resources, ~~the~~that ~~reliability~~are ~~of financial reporting~~material ~~and~~to ~~the preparation of financial statements for external purposes in accordance with generally accepted accounting principles~~investors.

Our management assessed the effectiveness of the Company’s internal control over financial reporting as of December 2016. The framework used by management in making that assessment was the 2013 version of the criteria set forth in the document entitled “Internal Control-Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission.11

~~Based~~ITEM ~~on our evaluation described above, management has concluded that our internal control over financial reporting was not effective as of December 31, 2016~~7A. WeQUANTITATIVE ~~have limited~~AND ~~resources~~QUALITATIVE ~~and~~DISCLOSURES weABOUT ~~rely~~MARKET heavily on direct management oversight of transactions, along with the use of legal and accounting professionals. As we grow we will hire skilled professionals that will enable us to implement adequate segregation of duties within the internal control framework.RISK

~~Our~~This ~~management~~information ~~will~~is ~~also~~not ~~implement~~required ~~additional review procedures designed to ensure that the disclosure provided by the Company meets the current requirements~~ of ~~the applicable~~smaller ~~filing~~reporting ~~made under the Exchange Act and methodology to review the statements~~companies.

~~This~~ITEM ~~annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting~~8. ~~Management’s~~ ~~report~~FINANCIAL ~~was~~STATEMENTS ~~not~~AND ~~subject~~SUPPLEMENTARY to attestation requirements by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report.DATA

~~Changes~~Financial instatements ~~Internal~~are ~~Control~~attached ~~Over Financial~~hereto ~~Reporting~~following Part IV, Item 15 beginning on Page F-1 of this Annual Report.

~~There~~ITEM ~~was~~9. noCHANGES ~~change~~IN inAND ~~our~~DISAGREEMENTS ~~internal~~WITH ~~control over~~ACCOUNTANTS ~~financial~~ON ~~reporting~~ACCOUNTING ~~that~~AND ~~occurred~~FINANCIAL ~~during the fiscal year ended December 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.~~DISCLOSURE

~~ITEM~~On 9BSeptember 13, 2017, the Company received a resignation notice by email from Anthony Kam & Associates Ltd., ~~OTHER~~its ~~INFORMATION~~independent registered accounting firm. On September 20, 2017, the Company engaged HKCMCPA Company Limited ("HKCM"), as its new independent registered public accountant. During the year ended December 31, 2016, and prior to September 20, 2017 (the date of the new engagement), we did not consult with HKCM regarding (i) the application of accounting principles to a specified transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements by HKCM, in either case where written or oral advice provided by HKCM would be an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issues or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively).

~~Effective~~ITEM ~~June 28, 2016, the Board of Directors (the “Board”) of Sancon Resources Recovery, Inc~~9A. ~~(the~~CONTROLS ~~“Company”)~~AND ~~increased the size of the Board from two to four directors and elected Ms. HE, Qianying and Mr. KOK, Seng Yeap as directors to fill the newly created vacancy on the Board.~~PROCEDURES

OnUnder the supervision and with the participation ~~July~~of 4,our ~~2016~~management, ~~Pontoon~~including ~~Boat~~our ~~Inc.~~principal ~~(“Pontoon”)~~executive ~~purchased~~officer aand ~~total~~the ofprincipal 53financial officer,~~596,540~~ ~~common~~we ~~shares~~conducted an evaluation of the effectiveness of the ~~Company~~design atand ~~US$0.0017~~operation of its disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) ~~per~~under ~~share~~the Securities Exchange Act of 1934, ~~representing~~as ~~51%~~of the end of the ~~Company’s~~period ~~outstanding~~covered ~~common~~by ~~shares~~this report (the "Evaluation Date"). Based ~~The~~on ~~shares~~this ~~were~~evaluation, ~~purchased~~our ~~for~~principal ~~cash~~executive ~~from~~officer and principal financial officer concluded as of the ~~following~~Evaluation Date, ~~persons:~~that our disclosure controls and procedures were not effective.

Name	Number of shares
Wai Hung TAM		3,500,000
Chi Pan LAM		3,500,000
Wai Leong TANG		3,000,000
Yee Tat WONG		4,000,000
Hoi Yi TO		3,500,000
Wai Fan WU		3,500,000
Francis BOK		13,144,867
Stephen TANG		13,144,867
Shuk Har LAI		6,306,806

Managements' Annual Report on Internal Control over Financial Reporting

~~Pontoon~~ Management is aresponsible ~~limited~~for ~~liability~~establishing and ~~company~~maintaining ~~registered~~adequate ininternal ~~the~~control ~~Republic~~over financial reporting of ~~Vanuatu~~the Company. ~~Pontoon~~Internal control over financial reporting is a ~~wholly~~process ~~owned~~designed by, ~~its~~or ~~director~~under the supervision of, ~~Mr.~~our ~~KOK~~chief ~~Seng~~executive ~~Yeap. Mr.~~and ~~KOK~~chief isfinancial ~~also~~officers aand ~~director~~effected by our board of ~~the~~directors, ~~Company~~management and heother ~~provided~~personnel, ~~the financing~~ to ~~Pontoon~~provide toreasonable ~~purchase~~assurance regarding the ~~Company’s~~reliability ~~shares.~~of ~~The~~financial reporting ~~financing~~and isthe ~~interest~~preparation ~~free~~of ~~and~~financial ~~has~~statements nofor ~~definite~~external ~~repayment~~purposes ~~schedule.~~in accordance with generally accepted accounting principles.

~~There~~Our management assessed the effectiveness isof nothe ~~agreement~~Company’s ~~between~~internal ~~Pontoon~~control ~~and~~over ~~its~~financial ~~owners~~reporting ~~and~~as ~~the~~of ~~former~~December ~~Company~~31, ~~stockholders~~2017. ~~regarding~~The ~~election~~framework used by management in making that assessment was the 2013 version of ~~directors~~the orcriteria ~~any~~set ~~other~~forth in the document entitled “Internal Control-Integrated Framework” ~~matters~~issued by the Committee of Sponsoring Organizations of the Treadway Commission.

OnBased ~~September~~on ~~30,~~our ~~2016~~evaluation described above, management ~~Stephen~~has ~~Tang~~concluded ~~and~~that ~~Francis~~our ~~Bok~~internal ~~resigned from~~control ~~the~~over ~~Board~~financial ~~and~~reporting ~~their~~was ~~respective~~not ~~executive~~effective ~~positions~~as of ~~the~~December ~~Company~~31, as2017. ~~part~~We ofhave limited ~~the~~resources ~~Company’s~~and we rely heavily on direct management ~~reorganization. The~~oversight ~~resignation~~of bytransactions, ~~each~~along with the use of ~~these~~legal ~~individuals~~and ~~did~~accounting professionals. ~~not~~As ~~involve~~we ~~any~~grow ~~disagreements~~we ~~with~~will ~~the~~hire ~~Company~~skilled orprofessionals ~~the~~that ~~management~~will enable us to implement adequate segregation of duties within the ~~Company~~internal control framework.

InOur ~~connection~~management ~~with~~will ~~the~~also ~~departure~~implement ofadditional review procedures designed to ensure that the ~~aforementioned~~disclosure ~~individuals~~ provided by the Company’s ~~Board~~meets ~~named~~the current requirements of the ~~following~~applicable filing ~~director~~made asunder ~~current~~the ~~officer:~~Exchange Act and methodology to review the statements.

·This ~~KOK~~annual ~~Seng~~report ~~Yeap~~does ~~(Chief~~not ~~Executive~~include ~~Officer)~~an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation requirements by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report.

9Changes in Internal Control Over Financial Reporting

~~PART~~There ~~III~~was no change in our internal control over financial reporting that occurred during the fiscal year ended December 31, 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE~~12

~~Identification~~ITEM ~~and~~9B. ~~Backgrounds~~OTHER ~~of Directors and Officers~~INFORMATION

Name	Age		Principal Position	Appointment/Resignation date
Stephen Tang		64	CEO, President, Director	May 21, 2012/September 30, 2016
Francis Bok		50	CFO, Director	May 21, 2012/September 30, 2016
Kok Seng Yeap		63	CEO, Director	June 28, 2016
He Qianying		47	Director	June 28, 2016

On January 3, 2018, the Board of Directors of the Company approved the subscription of the company’s shares. Total 1,231,697 shares of common stock issued. The total number of share outstanding increased to 4,814,872 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning on Page F-1 of this Annual Report.

MrOn March 21, 2018, the Board of Directors of the Company approved the subscription of the company’s shares. ~~Stephen~~Total ~~Tang~~705,127 ~~Chief~~shares ~~Executive~~of common stock issued. The total ~~Officer~~number of share outstanding increased to 5,519,999 ~~President~~shares. &For ~~Director~~details, please refer to Note 9 stated in Part IV, Item 15 beginning on Page F-1 of this Annual Report.

~~Mr.~~On ~~Tang~~March ~~served~~27, ~~as our President~~2018, ~~Chief Executive~~the ~~Officer~~Board ~~and Chairman~~ of ~~our board~~ Directors of ~~directors~~the ~~from~~Company ~~May~~approved ~~2012~~the tosubscription ~~September~~of ~~2016. Mr. Tang is~~ the ~~Chairman~~company’s ofshares. ~~Mega~~Total ~~Pacific Capital~~34, ~~Inc.~~316,459 ashares ~~finance~~of ~~and~~common ~~investment~~stock ~~consulting firm since 2005~~issued. ~~Mr.~~The ~~Tang~~total number ~~was the director and Chairman~~ of ~~Financial~~share ~~Telecom Limited~~outstanding ~~(USA),~~increased ~~Inc. (later changed its name~~ to ~~MKA Capital~~39,836,458 ~~Inc~~shares. ~~then~~For ~~Sancon Resources Recovery~~details, ~~Inc.). Mr.~~please ~~Tang~~refer isto ~~currently the~~Note ~~Vice~~9 ~~President~~stated ofin ~~the~~Part ~~Hong Kong Information Technology Federation and a director of Professional Commons~~IV, aItem ~~think~~15 ~~tank in Hong~~beginning ~~Kong. Mr.~~on ~~Tang~~Page isF-1 ~~a graduate~~ of ~~Hong~~this ~~Kong~~Annual ~~Baptist University and received his MBA from the Asian Institute of Management in Manila, Philippines, in 1976~~Report.

MrOn April 9, 2018, the Board of Directors of the Company approved the subscription of the company’s shares. ~~Francis~~Total ~~Bok~~10,000 ~~Chief~~shares ~~Financial~~of common stock issued. The total number ~~Officer~~of &share ~~Director~~outstanding increased to 39,846,458 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning on Page F-1 of this Annual Report.

Mr. Bok served as a director and Chief Financial Officer of the Company from May 2012 to September 2016. Mr. Bok serves as the chief executive officer of Beyond IVR Limited, an information technology company based in Hong Kong. During 2004, Mr. Bok served as the assistant manager for Kactus Limited, a Hong Kong based mobile content and applications provider. From 2002 until 2004, Mr. Bok was a Manager at Continuous Technologies International Limited in Hong Kong. Mr. Bok received his Bachelor in Mathematics in 1993 from the University of Waterloo, Canada, a Master of Science in 1997 from the University of Hong Kong, and an MBA in 2000 from the City University of Hong Kong.13

~~Mr.~~PART ~~Kok Seng Yeap, Chief Executive Officer & Director~~III

~~Mr.~~ITEM ~~Kok currently serves as the Company’s Director and Chief Executive Officer~~10. ~~In addition to his service with the Company~~DIRECTORS, ~~Dato’~~EXECUTIVE ~~Kok~~OFFICERS ~~serves~~AND inCORPORATE various other capacities, including Chairman, Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer at Toga Capital Limited, positions held since August 2015, Chief Executive Officer, President and Chief Financial Officer at Gold Billion Group Holdings Limited, positions held since November 2014, and Associate Director of First Asia Holdings Limited, a position held since November 2013. Dato’ Kok is also the Owner of RichCorp Holdings Ltd and has previously served as Managing Director of NobleCorp Asset Management Ltd and as an advisor for Hengyep International Wealth Management (Hong Kong) and IVP Holding Co. Ltd (Singapore). Dato’ Kok has served as a director of Gold Billion Group Holdings Limited since November 2014 and Kingsburg Holdings Limited since 2012. Dato’ Kok has received qualifications from the Malaysia Insurance Institute and Rockwills Sdn Bhnd, Malaysia. We believe Dato’ Kok’s vast experience in the financial industry qualifies him to service as Vice-Chairman.GOVERNANCE

~~Ms.~~Identification Heand ~~Qianying,~~Backgrounds ~~Director~~of Directors and Officers

Ms. He currently serves as the Company’s Director. Participate to work since 1991, graduated from Chengdu Qingbaijiang Middle School, present as the chairman of Sichuan Xiangtian Ecological Agriculture Development Co., Ltd. She is responsible in planning, directing, and implementing key strategic commercial initiatives for the organization.

Name	Age	Principal Position	Appointment/Resignation date
Stephen Tang	65	CEO, President, Director	May 21, 2012/September 30, 2016
Francis Bok	51	CFO, Director	May 21, 2012/September 30, 2016
Kok Seng Yeap	42	CEO, Director CFO, Secretary	June 28, 2016 March 27, 2017
He Qianying	48	Director	June 28, 2016/September 19, 2017

~~Family~~Mr. ~~relationships~~Stephen Tang, Chief Executive Officer, President & Director

~~There~~Mr. ~~are no~~Tang ~~family~~served ~~relationships~~as ~~among~~our ~~any~~President, Chief Executive Officer and Chairman of our board of directors orfrom ~~executive~~May ~~officers~~2012 to September 2016. Mr. Tang is the Chairman of Mega Pacific Capital, Inc., a finance and investment consulting firm since 2005. Mr. Tang is currently a director of Professional Commons, a think tank in Hong Kong. Mr. Tang is a graduate of Hong Kong Baptist University and received his MBA from the Asian Institute of Management in Manila, Philippines, in 1976.

~~Section~~Mr. ~~16(a)~~Francis ~~Beneficial~~Bok, ~~Ownership~~Chief ~~Reporting~~Financial ~~Compliance~~Officer & Director

~~Under~~Mr. ~~Section~~Bok ~~16(a)~~served ~~Beneficial~~as ~~Ownership Reporting~~a ~~Compliance,~~director ~~each~~and ~~person~~Chief Financial ~~who~~Officer ~~was~~of ~~at any time during~~ the ~~fiscal~~Company ~~year,~~from aMay ~~director,~~2012 ~~officer,~~to ~~beneficial~~September ~~owner~~2016. ofMr. ~~more~~Bok ~~than ten~~serves ~~percent~~as ofthe ~~any~~chief ~~class~~executive ofofficer ~~equity securities~~ of ~~the~~Beyond ~~Company~~IVR ~~registered~~Limited, an ~~pursuant~~information totechnology ~~section~~company 12based ~~(“reporting~~in ~~person”) is~~Hong ~~required~~Kong. toMr. ~~file~~Bok ~~Forms~~received 3,his 4,Bachelor ~~and~~in 5Mathematics onin a1993 ~~timely~~from ~~basis, during~~ the ~~most~~University of ~~recent~~Waterloo, ~~fiscal~~Canada, ~~year~~a orMaster ~~prior~~of ~~fiscal~~Science ~~years.~~in ~~Due~~1997 tofrom ~~lack of knowledge,~~ the ~~relevant~~University ~~beneficial~~of ~~owners~~Hong ~~did~~Kong, ~~not~~and ~~file~~an onMBA ~~time.~~in ~~They~~2000 ~~will~~from ~~file~~the ~~Form~~City 3University of ~~and~~Hong ~~Form 5 shortly~~Kong.

10Mr. Kok Seng Yeap, Chief Executive Officer, Chief Financial Officer, Secretary & Director

~~Code~~Mr. Kok currently serves as the Company’s Director, Chief Executive Officer, Chief Financial Officer and Secretary. In addition to his service with the Company, he is currently Associate Director of ~~Ethics~~First Asia Holdings Limited, a position held since November 2013. Dato’ Kok is also the Owner of RichCorp Holdings Ltd and has previously served as Managing Director of NobleCorp Asset Management Ltd. Dato’ Kok is a Malaysian and is a Life Insurance Practitioner with the qualification obtained from the Malaysia Insurance Institute. He has also completed the Legal Professional Will Writing Course with Rockwills Sdn Bhd, Malaysia.

~~The~~Ms. ~~Company~~He ~~has Standards of Ethical Conduct Policy (“Code of Ethics”) that applies to all employees and directors~~Qianying, ~~including the Chairman, Chief Executive Officer, and Chief Financial Officer.~~Director

~~Committees~~Ms. He ofserved ~~our~~as ~~Board~~the Company’s Director from June 2016 to September 2017. Participate to work since 1991, graduated from Chengdu Qingbaijiang Middle School, present as the chairman of ~~Directors~~Sichuan Xiangtian Ecological Agriculture Development Co., Ltd. She is responsible in planning, directing, and implementing key strategic commercial initiatives for the organization.

~~Audit~~Family ~~Committee~~relationships

WeThere ~~do not have a formal standing audit committee. Rather, audit committee functions~~ are ~~performed~~no byfamily ~~our~~relationships ~~entire Board of Directors. These functions include: (1) selection~~among ~~and~~any ~~oversight~~ of our ~~independent~~directors ~~accountant;~~or ~~(2)~~executive establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and (5) funding for the outside auditory and outside advisors engagement by the audit committeeofficers.

~~Audit~~Section ~~Committee~~16(a) ~~Financial~~Beneficial ~~Expert~~Ownership Reporting Compliance

~~None~~Under ofSection ~~our~~16(a) ~~directors~~Beneficial orOwnership Reporting ~~officers~~Compliance, ~~has~~each ~~the qualifications~~person orwho ~~experience~~was toat beany ~~considered~~time during the fiscal year, a ~~financial~~director, ~~expert.~~officer, Webeneficial ~~believe~~owner ~~that~~of more than ten percent of any class of equity securities of the ~~cost~~Company ~~related~~registered pursuant to ~~retaining~~section a12 ~~financial~~(“reporting ~~expert~~person”) atis ~~this~~required ~~time~~to isfile ~~prohibitive.~~Forms ~~However~~3, we4, doand ~~intend~~5 toon ~~appoint~~a antimely ~~audit~~basis, ~~committee~~during ~~financial~~the ~~expert~~most inrecent fiscal year or prior fiscal years. Due to lack of knowledge, the ~~foreseeable~~relevant ~~future~~beneficial owners did not file on time. They will file Form 3 and Form 5 shortly.

~~Director~~Code ~~Independence~~of Ethics

~~None~~The ofCompany ~~the~~has ~~members~~Standards of ~~our~~Ethical ~~Board~~Conduct Policy (“Code of ~~Directors may~~Ethics”) bethat ~~deemed~~applies to beall ~~independent~~employees ~~under~~and ~~the~~directors, ~~standards~~including ~~for independence contained in~~ the ~~NASDAQ Marketplace Rules~~Chairman, ~~Rule~~Chief ~~4350(d)~~Executive ~~and~~Officer, ~~Rule~~and ~~4200(a)(15)~~Chief Financial Officer.

~~Compensation Committee~~14

~~Compensation~~Committees ~~committee~~of ~~functions are performed by~~ our ~~entire~~ Board of Directors~~. Our Board of Directors does not have a charter or other formal policies regarding compensation.~~

~~Nominating~~Audit ~~and Corporate Governance~~ Committee

~~Nominating~~We ~~and~~do ~~Corporate~~not ~~Governance~~have ~~committee~~a formal standing audit committee. Rather, audit committee functions are performed by our entire Board of Directors. ~~Our~~These ~~Board~~functions include: (1) selection and oversight of ~~Directors~~our ~~does~~independent ~~not~~accountant; ~~have~~(2) aestablishing ~~charter~~procedures orfor ~~other~~the ~~formal~~receipt, ~~policies~~retention and treatment of complaints regarding ~~director~~accounting, ~~nominations~~internal orcontrols ~~corporate~~and ~~governance~~auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and (5) funding for the outside auditory and outside advisors engagement by the audit committee.

~~Stockholder~~Audit ~~Communications~~Committee Financial Expert

~~Any~~None ~~stockholder~~of ~~may~~our ~~communicate~~directors ~~directly~~or officers has the qualifications or experience to ~~our~~be ~~Board~~considered ofa ~~Directors~~financial byexpert. ~~sending~~We believe that the cost related to retaining a ~~letter~~financial expert at this time is prohibitive. However, we do intend to ~~our~~appoint ~~company’s~~an ~~address~~audit ofcommittee ~~record~~financial expert in the foreseeable future.

•Director encourage their commitment; • motivate superior performance; • facilitate attainment of ownership interests in our company; • align personal interests with those of our stockholders; and • enable them to share in the long-term growth and success of our company.Independence

~~ITEM~~None ~~11.~~of ~~EXECUTIVE~~the ~~COMPENSATION~~members of our Board of Directors may be deemed to be independent under the standards for independence contained in the NASDAQ Marketplace Rules, Rule 4350(d) and Rule 4200(a)(15).

~~Officers’~~Compensation ~~compensation~~Committee

~~From~~Compensation ~~May~~committee ~~21,~~functions ~~2012~~are ~~to June 30, 2016, Mr.~~performed ~~Stephen~~by ~~Tang~~our ~~and~~entire ~~Mr.~~Board ~~Francis Bok each receives a salary~~ of ~~$2,000~~Directors. ~~per~~Our ~~month~~Board ~~to be paid in shares~~ of ~~the~~Directors ~~Company’s~~does ~~common stock.~~not ~~Mr. Stephen Tang and Mr. Francis Bok~~ have ~~not~~a ~~been~~charter ~~compensated~~or asother offormal ~~December~~policies ~~31,~~regarding ~~2016~~compensation.

11Nominating and Corporate Governance Committee

Nominating and Corporate Governance committee functions are performed by our entire Board of Directors’. ~~compensation~~Our Board of Directors does not have a charter or other formal policies regarding director nominations or corporate governance.

~~The~~Stockholder ~~Directors have not been compensated as of December 31, 2016.~~Communications

~~Employment~~Any ~~Agreement~~stockholder may communicate directly to our Board of Directors by sending a letter to our company’s address of record.

~~The~~• ~~Company~~encourage ~~does~~their ~~not~~commitment; ~~have~~• ~~employment~~motivate ~~agreements~~ superior performance; • facilitate attainment of ownership interests in our company; • align personal interests with ~~any~~those of ~~its~~our ~~officers~~stockholders; orand ~~directors~~• enable them to share in the long-term growth and success of our company.

~~Stock~~ITEM ~~option~~11. ~~plan~~EXECUTIVE COMPENSATION

WeOfficers’ ~~do not have a stock option plan and we have not issued any warrants, options or other rights to acquire our securities.~~compensation

~~Employee~~All ~~Pension,~~executive ~~Profit~~officers ~~Sharing~~of orthe Company have ~~other~~not ~~Retirement~~been ~~Plans~~compensated in 2017.

~~We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.~~15

~~Securities~~Directors’ ~~authorized for issuance under Equity Compensation Plans~~compensation

~~None~~The following is a chart of compensation paid to all directors of the Company in 2017.

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

Name

Fees Earned or
Paid in Cash
($)

Stock Awards
($)

Option Awards
($)

Non-Equity
Incentive
Plan
Compensation
($)

Non Qualified
Deferred
Compensation
Earnings
($)

All Other Compensation
($)

Total
($)

Kok Seng Yeap

45,000

–

45,000

He Qianying
(Resigned on September 19, 2017)

28,167

–

28,167

~~Security~~Employment ~~ownership of certain beneficial owners~~Agreement

The ~~following~~Company ~~table~~does ~~sets~~not ~~forth~~have asemployment ~~of January~~agreements ~~31, 2017, certain information~~ with ~~respect~~any ~~to the Company’s equity securities owned~~ of ~~record~~its officers or beneficially by (i) each Officer and Director of the Company; (ii) each person who owns beneficially more than five percent (5%) of each class of the Company’s outstanding equity securities; and (iii) all Directors and Executive Officers as a groupdirectors.

Title of Class	Name and Address of Beneficial Owner (2)	Amount and Nature of Beneficial Ownership			Percent of Class (1)
Common Stock	Stephen Tang, CEO, Pres. & Dir.(3)		17,256,962	(4)		16.4%
Common Stock	Frances Bok, CFO & Dir.(3)		7,968,562			7.6%
Common Stock	Fintel (USA) Ltd.		9,288,400			8.8%
Common Stock	Pontoon Boat Inc. Rm 1202A, 12/F Empire Centre 68 Mody Road, Tsimshatsui, Kowloon, Hong Kong		53,596,540			51.0%
Common Stock	Kok Seng Yeap, CEO & Dir.		57,803,018	(5)		55.0%
Common Stock	He Qianying, Dir.		–			-%
Common Stock	All Directors and Officers as a Group (2 persons)		57,803,018			55.0%

Stock option plan

(1)	Unless otherwise indicated, based on 105,091,254 shares of common stock issued and outstanding. Shares of common stock subject to options or warrants currently exercisable or exercisable within 60 days, are deemed outstanding for purposes of computing the percentage of the person holding such options or warrants, but are not deemed outstanding for the purposes of computing the percentage of any other person.
(2)	Unless indicated otherwise, the address of the shareholder is c/o Sancon Resources Recovery, Inc., 602 Nan Fung Tower, Suite 6/F, 88 Connaught Road central, Central District, Hong Kong.
(3)	Resigned in September 2016
(4)	Includes 7,968,562 shares of common stock over which Mr. Tang has sole investment and voting control, and 9,288,400 shares of common stock held by Fintel (USA) Ltd., which Mr. Tang may be deemed to own beneficially.
(5)	Includes 4,206,478 shares of common stock over which Mr. Kok has sole investment and voting control, and 53,596,540 shares of common stock held by Pontoon Boat Inc, which Mr. Kok may be deemed to own beneficially.

We do not have a stock option plan and we have not issued any warrants, options or other rights to acquire our securities.

12Employee Pension, Profit Sharing or other Retirement Plans

We ~~are~~do not ~~aware~~have ofa ~~any~~defined ~~person~~benefit, ~~who owns~~pension ~~of record~~plan, orprofit issharing ~~known~~or toother ~~own~~retirement ~~beneficially~~plan, ~~five~~although ~~percent~~we ormay ~~more~~adopt ofone ~~the~~or ~~outstanding~~more ~~securities~~ of ~~any~~such ~~class~~plans ofin the ~~issuer, other than as set forth above~~future. ~~There are no classes of stock other than common stock issued or outstanding.~~

~~There~~Securities ~~are~~authorized nofor ~~current~~issuance ~~arrangements which~~under ~~will~~Equity ~~result~~Compensation ~~in a change in control.~~Plans

~~ITEM 13~~None. ~~CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE~~

~~Our~~ITEM ~~directors have advanced funds on an interest-free basis, with no maturity date, from appointment for working~~12. ~~Mr.~~SECURITY ~~Kok~~OWNERSHIP ~~Seng~~OF ~~Yeap~~CERTAIN ~~advanced~~BENEFICIAL ~~$17,400~~OWNERS inAND ~~2016~~MANAGEMENT ~~for~~AND ~~cash~~RELATED ~~and professional~~STOCKHOLDER ~~service fees.~~MATTERS

AsSecurity ofownership ~~the date~~ of ~~this~~certain ~~Annual~~beneficial Report, we have no standing committees and our entire board of directors serves as our audit and compensation committees. We have determined that none of our directors are independent based on an analysis of the standards for independence set forth in Section 121A of the American Stock Exchange Company Guide. If we undertake to qualify our common stock for quotation in the over-the-counter market, we may need to ensure we meet any eligibility requirements with respect to independent directors.owners

~~ITEM~~The ~~14.~~following ~~PRINCIPAL~~table ~~ACCOUNTANT~~sets ~~FEES~~forth ~~AND~~as ~~SERVICES~~of December 31, 2017, certain information with respect to the Company’s equity securities owned of record or beneficially by (i) each Officer and Director of the Company; (ii) each person who owns beneficially more than five percent (5%) of each class of the Company’s outstanding equity securities; and (iii) all Directors and Executive Officers as a group.

The Company’s Board of Directors pre-approved all audit and non-audit services provided to us and during the periods listed below. The Company’s Board approves discrete projects on a case-by-case basis that may have a material effect on our operations and also considers whether proposed services are compatible with the independence of the public accountants.

Title of Class	Name and Address of Beneficial Owner ⁽²⁾	Amount and Nature of Beneficial Ownership			Percent of Class ⁽¹⁾
Common Stock	Pontoon Boat Inc. Rm 1202A, 12/F Empire Centre 68 Mody Road, Tsimshatsui, Kowloon, Hong Kong		1,944,189			54.26%
Common Stock	Kok Seng Yeap, CEO, CFO, Secretary & Director		1,986,254	⁽³⁾		55.43%
Common Stock	He Qianying, Director ⁽⁴⁾		–			-%
Common Stock	Tan Toh Nguang Sublot 703, Lot 169, Jalan Oncidium, 3Km Off Jalan Bakam, 98000 Miri Sarawak, Malaysia		211,350			5.90%
Common Stock	All Directors and Officers as a Group (2 persons)		1,986,254	⁽³⁾		55.43%

~~The~~(1) ~~following~~Unless ~~table~~otherwise ~~presents~~indicated, ~~fees~~based ~~for~~on ~~professional services~~3,583,175 ~~rendered~~shares byof ~~our~~common ~~auditors~~stock issued and outstanding. Shares of common stock subject to options or warrants currently exercisable or exercisable within 60 days, are deemed outstanding for purposes of computing the ~~periods~~percentage ~~ended~~of ~~December~~the 31person holding such options or warrants, ~~2016~~but ~~and~~are ~~2015:~~not deemed outstanding for the purposes of computing the percentage of any other person.

Services Performed	2016		2015
Audit Fees	$	13,718	$	2,436
Audit-Related Fees		–		–
Tax Fees		–		–
All Other Fees		–		–
Total Fees	$	13,718	$	2,436

⁽²⁾	Unless otherwise indicated, the address of such beneficial owner is the Company’s principal executive office, which is located at E-702, Block E, Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor, Malaysia.

⁽³⁾	Includes 42,065 shares of common stock over which Mr. Kok has sole investment and voting control, and 1,944,189 shares of common stock held by Pontoon Boat Inc, which Mr. Kok may be deemed to own beneficially.

⁽⁴⁾	Resigned in September 2017.

~~PART~~We IVare not aware of any person who owns of record, or is known to own beneficially, five percent or more of the outstanding securities of any class of the issuer, other than as set forth above. There are no classes of stock other than common stock issued or outstanding.

~~ITEM~~There ~~15.~~are ~~EXHIBITS,~~no ~~FINANCIAL~~current ~~STATEMENT~~arrangements ~~SCHEDULES~~which will result in a change in control.

~~(a)~~ITEM ~~The~~13. ~~following~~CERTAIN ~~Exhibits~~RELATIONSHIPS ~~are~~AND ~~filed~~RELATED asTRANSACTIONS, ~~part~~AND ofDIRECTOR ~~this report.~~INDEPENDENCE

Exhibit Number	Description of Document
3.1	Articles of Incorporation of Financial Telecom Limited (USA), Inc.
3.2	Amended and Restated Bylaws of Financial Telecom Limited (USA), Inc.
10.1	Agreement between Hong Kong Futures Exchange Limited and Financial Telecom Limited
10.2	Market Service Datafeed Agreement between Stock Exchange Information Services Limited and Financial Telecom Limited
10.3	Option agreement dated December 14, 2004 between Fintel Group Limited and shareholders of Shanghai Longterms Technology Limited.
10.4	Option agreement dated January 5, 2005 between Fintel Group Limited and shareholders of Beijing JCL Technology Commerce Limited.
10.5	Option agreement dated January 20, 2005 between Fintel Group Limited and shareholders of Shanghai Qianhou Computer Technology Limited.
10.6	Independent contractor agreement between Fintel Group Limited and Mr. Sam Chong Keen.
10.7	Independent contractor agreement between Fintel Group Limited and Info Media Company.
10.8	Independent contractor agreement between Fintel Group Limited and China Digital Distribution Limited.
10.9	Sales and purchase agreement dated March 25, 2005 between Fintel Group Limited and shareholders of Enjoy Media Holdings Limited
10.10	Sales and purchase agreement dated April 25, 2005 between Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd.
10.11	Option agreement dated March 7, 2005 between Fintel Group Limited and shareholders of Beijing Sinoskyline technology Trading Co. Ltd.
10.12	Settlement agreement dated December 5, 2012 between Sancon Resources Recovery, Inc. and Dragon Wings Communications Limited.
10.13	Notice of Dismissal dated January 11, 2013 issued by the United States Bankruptcy Court, District of Nevada.
10.14	Service Agreement, dated May 31, 2013, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd.
10.15*		Service Agreement, dated July 20, 2016, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd.
14.1	Code of Ethics
21.1	Subsidiaries of the registrant
31.1*			Certification of Director and Chief Executive Officer
31.2*			Certification of Director
32.1*			Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
32.2*			Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
101			The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2016 and 2015, (ii) Statement of Operations for the years ended December 31, 2016 and 2015, (iii) Statement of Cash Flows for the years ended December 31, 2016 and 2015, and (iv) Notes to Financial Statements.

Our directors have advanced funds on an interest-free basis, with no maturity date, from appointment for working.

*FiledAs of the date of this Annual Report, we ~~herewith~~have no standing committees and our entire board of directors serves as our audit and compensation committees. We have determined that none of our directors are independent based on an analysis of the standards for independence set forth in Section 121A of the American Stock Exchange Company Guide. If we undertake to qualify our common stock for quotation in the over-the-counter market, we may need to ensure we meet any eligibility requirements with respect to independent directors.

(1)	Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
(2)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 15, 2005.

ITEM 14.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

(3)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.
(4)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 6, 2005.

(5)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
(6)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006.

The following table presents fees for professional services rendered by our auditors for the periods ended December 31, 2017 and 2016:

(7)	Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.
Services Performed		2017		2016
(8)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.
Audit Fees		$	15,177	$	13,718
(9)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016
Audit-Related Fees			–		–
(10)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016
Tax Fees			–		–
All Other Fees			–		–
Total Fees		$	15,177	$	13,718

1417

~~INDEX~~PART ~~TO FINANCIAL STATEMENTS~~IV

		Pages
Report of Independent Registered Public Accounting Firm		F-2
Balance Sheets as of December 31, 2016 and 2015		F-3
Statements of Income for the years ended December 31, 2016 and December 31, 2015		F-4
Statements of Stockholders’ Equity for the years ended December 31, 2016 and 2015		F-5
Statements of Cash Flows for the years ended December 31, 2016 and 2015		F-6
Notes to Financial Statements for the years ended December 31, 2016 and 2015		F-7 – F-9

ITEM 15.

EXHIBITS, FINANCIAL STATEMENT SCHEDULES

~~F-1~~(a) The following Exhibits are filed as part of this report.

~~SANCON~~Exhibit ~~RESOURCES~~Number ~~RECOVERY,~~Description ~~INC.~~of Document

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

3.1	Articles of Incorporation of Financial Telecom Limited (USA), Inc. (1)
3.2	Amended and Restated Bylaws of Financial Telecom Limited (USA), Inc. (1)
10.1	Agreement between Hong Kong Futures Exchange Limited and Financial Telecom Limited (1)
10.2	Market Service Datafeed Agreement between Stock Exchange Information Services Limited and Financial Telecom Limited (1)
10.3	Option agreement dated December 14, 2004 between Fintel Group Limited and shareholders of Shanghai Longterms Technology Limited. (2)
10.4	Option agreement dated January 5, 2005 between Fintel Group Limited and shareholders of Beijing JCL Technology Commerce Limited. (2)
10.5	Option agreement dated January 20, 2005 between Fintel Group Limited and shareholders of Shanghai Qianhou Computer Technology Limited. (2)
10.6	Independent contractor agreement between Fintel Group Limited and Mr. Sam Chong Keen. (2)
10.7	Independent contractor agreement between Fintel Group Limited and Info Media Company. (2)
10.8	Independent contractor agreement between Fintel Group Limited and China Digital Distribution Limited. (2)
10.9	Sales and purchase agreement dated March 25, 2005 between Fintel Group Limited and shareholders of Enjoy Media Holdings Limited (3)
10.10	Sales and purchase agreement dated April 25, 2005 between Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd. (4)
10.11	Option agreement dated March 7, 2005 between Fintel Group Limited and shareholders of Beijing Sinoskyline Technology Trading Co. Ltd. (4)
10.12	Settlement agreement dated December 5, 2012 between Sancon Resources Recovery, Inc. and Dragon Wings Communications Limited. (9)
10.13	Notice of Dismissal dated January 11, 2013 issued by the United States Bankruptcy Court, District of Nevada. (11)
10.14	Service Agreement, dated May 31, 2013, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd. (12)
10.15	Service Agreement, dated July 20, 2016, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd. (13)
14.1	Code of Ethics (10)
21.1	Subsidiaries of the registrant (9)
31.1*	Certification of Director and Chief Executive Officer
31.2*	Certification of Chief Financial Officer
32.1*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
32.2*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002

101^†	The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2017 and 2016, (ii) Statement of Operations for the years ended December 31, 2017 and 2016, (iii) Statement of Stockholders’ Equity for the years ended December 31, 2017 and 2016, and (iv) Statement of Cash Flows for the years ended December 31, 2017 and 2016, (v) Notes to Financial Statements.

~~To the Board of Directors and Shareholders of~~*Filed ~~Sancon Resources Recovery, Inc. (“the Company”)~~herewith

We† ~~have~~To ~~audited~~be ~~the accompanying balance~~filed ~~sheets~~by of Sancon Resources Recovery, Inc. (incorporated in the State of Nevada, USA), as at December 31, 2016 and 2015, and the related statements of income, cash flows and stockholders’ equity for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.amendment

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

(1)	Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
(2)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed March 31, 2005.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Sancon Resources Recovery, Inc. as at December 31, 2016 and 2015, and the results of its operations and its cash flows for the years then ended in accordance with generally accepted accounting principles in the United States of America.

(3)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.
(4)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 9, 2005.

The company is not required to have nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal controls over financial reporting. Accordingly, we express no such opinion.

(5)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
(6)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company is currently dormant, and has the accumulated deficits as of December 31, 2016 and 2015 and no source of revenue, which raises substantial doubt about its ability to continue as a going concern. Management's plans concerning these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

(7)	Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.
(8)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.
(9)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-K (File No. 000-50760) filed June 7, 2013.
(10)	Incorporated by reference to the Exhibits to our Form 10-K filed on April 27, 2016
(11)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016
(12)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016
(13)	Incorporated by reference to the Exhibits to our Form 10-K filed on March 31, 2017

~~/s/~~ITEM ~~Anthony~~16. ~~Kam~~FORM &10-K ~~Associates Limited~~ SUMMARY

~~Anthony~~Not ~~Kam & Associates Limited~~applicable.

~~Certified Public Accountants~~18

~~Hong~~INDEX ~~Kong,~~TO ~~China~~CONSOLIDATED FINANCIAL STATEMENTS

March 30, 2017

		Pages

Report of Independent Registered Public Accounting Firm		F-2

Consolidated Balance Sheets as of December 31, 2017 and 2016		F-3

Consolidated Statements of Operation for the years ended December 31, 2017 and December 31, 2016		F-4

Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2017 and 2016		F-5

Consolidated Statements of Cash Flows for the years ended December 31, 2017 and 2016		F-6

Notes to Consolidated Financial Statements for the years ended December 31, 2017 and 2016		F-7 – F-18

F-21

~~SANCON~~REPORT ~~RESOURCES~~OF ~~RECOVERY,~~INDEPENDENT ~~INC.~~REGISTERED PUBLIC ACCOUNTING FIRM

~~BALANCE~~The ~~SHEETS~~Board of Directors and Stockholders of

ASIGS OFCapital ~~DECEMBER~~Group ~~31, 2016 AND 2015~~Limited

(~~United~~Formerly ~~States~~Sancon ~~dollars,~~Resources ~~except number of shares~~Recovery, ~~per share data and unless otherwise stated~~Inc.)

	As at
	December 31, 2016			December 31, 2015
Assets
Assets
Current Assets		–			–
Total current assets and total assets	$	–		$	–
Liabilities and Stockholders' Equity
Liabilities
Current liabilities
Due to related parties	$	100,137		$	163,674
Accrued expenses and other payables		1,973			57,244
Total current liability and total liability	$	102,110		$	220,918
Stockholders' equity
Share capital authorized: 500,000,000 common shares, par value $0.001 per share
Issued and outstanding: 105,091,254 shares as of December 31, 2016 (December 31, 2015: 32,219,996 shares)	$	105,091		$	32,220
Additional paid-in capital		923,070			792,720
Share option reserves		89,015			89,015
Accumulated losses		(1,219,286	)		(1,134,873	)
Total stockholders' deficit		(102,110	)		(220,918	)
Total liabilities & stockholders' equity	$	–		$	–

Opinion on the Consolidated Financial Statements

~~The~~We have audited the accompanying ~~notes~~consolidated balance ~~are~~sheets anof ~~integral~~IGS ~~part~~Capital Group Limited and its subsidiary (the “Company”) as of ~~these~~December ~~audited~~31, 2017 and 2016, and the related consolidated statements of operation, cash flows, and changes in stockholders’ equity for the years ended December 31, 2017 and 2016, 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, 2017 and 2016, and the results of its operations and its cash flows for the years ended December 31, 2017 and 2016, in conformity with accounting principles generally accepted in the United States of America.

~~F-3~~Basis for Opinion

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

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

~~FOR~~Our ~~THE~~audits ~~YEARS~~included ~~ENDED~~performing ~~DECEMBER~~procedures to 31assess the risks of material misstatement of the financial statements, ~~2016~~whether ~~AND~~due ~~2015~~to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe our audits provide a reasonable basis for our opinion.

~~(United~~/s/ ~~States~~HKCMCPA ~~dollars,~~Company ~~except number of shares, per share data and unless otherwise stated)~~Limited

	For the years ended December 31,
	2016			2015
Revenue	$	–		$	–
Other operating income		1,230			–
General and administrative expenses		(85,643	)		(74,147	)
Operating loss before income taxes		(84,413	)		(74,147	)
Income taxes		–			–
Net loss	$	(84,413	)	$	(74,147	)
Loss per share:
Basic loss per share	$	(0.001	)	$	(0.002	)
Basic weighted average shares outstanding		85,566,565			32,219,996
Diluted loss per share	$	(0.001	)	$	(0.002	)
Diluted weighted average shares outstanding		85,592,300			33,145,175

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

~~The~~Hong ~~accompanying~~Kong, ~~notes are an integral part of these audited financial statements~~China

~~F-4~~May 17, 2018

~~SANCON RESOURCES RECOVERY, INC.~~F-2

~~STATEMENTS~~IGS OFCAPITAL ~~STOCKHOLDERS'~~GROUP ~~EQUITY~~LIMITED

~~FOR~~(Formerly ~~THE~~Sancon ~~YEARS~~Resources ~~ENDED DECEMBER 31~~Recovery, ~~2016 AND 2015~~Inc.)

~~(United~~CONSOLIDATED ~~States~~BALANCE ~~dollars, except number of shares, per share data and unless otherwise stated)~~SHEETS

	Common Shares		Common Stock		Additional Paid in Capital		Share Option Reserves		Accumulated losses			Total
Balance as of December 31, 2014		32,219,996	$	32,220	$	792,720	$	89,015	$	(1,060,726	)	$	(146,771	)
Net loss for the year		–		–		–		–		(74,147	)		(74,147	)
Balance as of December 31, 2015		32,219,996		32,220		792,720		89,015		(1,134,873	)		(220,918	)
Issuance of common stock		72,871,258		72,871		130,350		–		–			203,221
Net loss for the year		–		–		–		–		(84,413	)		(84,413	)
Balance as of December 31, 2016		105,091,254	$	105,091	$	923,070	$	89,015	$	(1,219,286	)	$	(102,110	)

AS OF DECEMBER 31, 2017 AND 2016

~~The~~(Currency ~~accompanying~~expressed ~~notes~~in ~~are~~United anStates ~~integral~~Dollars ~~part of~~(“US$”), ~~these~~except ~~audited~~for ~~financial~~number ~~statements~~of shares)

F-5

	As at
	December 31, 2017			December 31, 2016
Assets
Non-Current Assets
Property, plant and equipment	$	44,882		$	–
Total Non-Current Assets		44,882			–

Current Assets
Cash and cash equivalents		13,224			–
Due from related parties		414,499			–
Inventories		26,015			–
Other receivables		4,361			–
Total Current Assets		458,099			–

Total Assets	$	502,981		$	–


Liabilities
Due to related parties	$	84,780		$	100,137
Account payables		19,248			–
Accrued expenses and other payables		222,480			1,973
Deferred tax liability		2,850			–
Total Liabilities		329,358			102,110

Commitments and contingencies

Stockholders' equity (deficits)
Share capital authorized: 500,000,000 common shares, par value $0.001 per share
Issued and outstanding: 3,583,175 shares as of December 31, 2017 (December 31, 2016: 1,050,913 shares)		3,583			1,051
Additional paid-in capital		1,547,576			1,027,110
Share option reserves		89,015			89,015
Accumulated losses		(1,466,551	)		(1,219,286	)
Total Stockholders' equity (deficits)		173,623			(102,110	)

Total liabilities & stockholders' equity	$	502,981		$	–

~~SANCON~~Note: ~~RESOURCES~~There ~~RECOVERY~~was a 1-for-100 reverse stock split of the Company’s common stock effective on June 8, ~~INC~~2017.

~~STATEMENTS~~See OFaccompanying ~~CASH~~notes ~~FLOWS~~to consolidated financial statements.

~~FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015~~F-3

~~(United~~ IGS ~~States~~CAPITAL ~~dollars,~~GROUP ~~except number of shares, per share data and unless otherwise stated)~~LIMITED

	For the years ended December 31,
	2016			2015
Cash Flows from Operating Activities
Net loss	$	(84,413	)	$	(74,147	)
Adjustments to reconcile net income to net cash flows provided by operating activities:
Share based payment		–			–
Changes in current assets and liabilities, net of business acquisition:
(Increase)/Decrease in other current assets		–			–
(Decrease)/Increase in accrued expenses and other payables		(55,271	)		23,370
Net cash flows used in Operating Activities		(139,684	)		(50,777	)
Cash Flows from Investing Activities
Purchase of property and equipment		–			–
Net cash flows used in Investing Activities		–			–
Cash Flows from Financing Activities
Issuance of shares		203,221			–
Loans from related parties		–			50,777
Settlement of loans from related parties		(63,537	)		–
Net cash flows provided by Financing Activities		139,684			50,777
Effect of exchange rate changes on cash		–			–
Net increase in cash & cash equivalents		–			–
Cash & cash equivalent at start of year		–			–
Cash & cash equivalent at end of year	$	–		$	–

(Formerly Sancon Resources Recovery, Inc.)

~~The~~CONSOLIDATED ~~accompanying~~STATEMENTS ~~notes~~OF ~~are an integral part of these audited financial statements~~OPERATION

~~F-6~~FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

~~SANCON~~(Currency ~~RESOURCES~~expressed ~~RECOVERY~~in United States Dollars (“US$”), ~~INC.~~except for number of shares)

NOTES TO FINANCIAL STATEMENTS

	For the years ended December 31,
	2017			2016

Revenue	$	100,663		$	–
Cost of sales		84,339			–
Gross profit		16,324			–

Operating expenses
Written off of goodwill		75,948			–
General and administrative expenses		212,601			85,643
Total operating expenses		288,549			85,643

Operating loss		(272,225	)		(85,643	)

Other income		27,810			1,230

Income taxes
Deferred tax liability		(2,850	)		–

Net loss	$	(247,265	)	$	(84,413	)

Loss per share:
Basic loss per share	$	(0.105	)	$	(0.001	)
Basic weighted average shares outstanding		2,344,917			855,666

Diluted loss per share	$	(0.103	)	$	(0.001	)
Diluted weighted average shares outstanding		2,404,917			855,923

~~(United~~Note: ~~States~~There ~~dollars,~~was ~~except~~a ~~number~~ 1-for-100 reverse stock split of ~~shares,~~the ~~per~~Company’s ~~share~~common ~~data~~stock ~~and~~effective ~~unless~~on ~~otherwise~~June ~~stated)~~8, 2017.

~~NOTE~~See ~~1. ORGANIZATION~~accompanying ~~AND NATURE~~notes OFto ~~OPERATIONS~~consolidated financial statements.

Sancon Resources Recovery, Inc. ("Sancon", or "the Company", or "we", or "us") is registered in Nevada. Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass.F-4

On IGS ~~April~~CAPITAL 1,GROUP 2011, the Company approved an infusion of equity into Sancon Resources Recovery (Shanghai) Co., Ltd. (“Sancon SH”) for a total of $2,000,000, of which Sancon invested $1,400,000 to Sancon SH and the minority shareholder invested $600,000.LIMITED

On(Formerly ~~September 15, 2011, one of the subsidiaries,~~ Sancon ~~Recycling~~Resources ~~Pty. Limited~~Recovery, ~~applied for liquidation~~Inc.)

OnCONSOLIDATED ~~October~~STATEMENTS ~~31,~~OF ~~2011,~~STOCKHOLDERS' ~~the Company disposed of its subsidiaries Crossover Solution Inc. (“CS”) and Sancon SH at a consideration of $404,000.~~EQUITY

~~After~~FOR ~~disposal~~THE ofYEARS ~~all~~ENDED ~~its~~DECEMBER ~~subsidiaries in the 4th quarter of 2011~~31, ~~the~~2017 ~~company~~AND ~~currently does not have any business operation.~~2016

~~NOTE~~(Currency ~~2. SUMMARY~~expressed OFin ~~SIGNIFICANT ACCOUNTING~~United ~~POLICIES~~States Dollars (“US$”), except for number of shares)

Use of Estimates

	Common Stock (Shares)		Common Stock (Amount)		Additional Paid in Capital		Share Option Reserves		Accumulated Losses			Total

Balance as of December 31, 2015 (restated)		322,200	$	322	$	824,618	$	89,015	$	(1,134,873	)	$	(220,918	)

Issuance of common stock		728,713		729		202,492		–		–			203,221

Net loss for the year		–		–		–		–		(84,413	)		(84,413	)

Balance as of December 31, 2016		1,050,913		1,051		1,027,110		89,015		(1,219,286	)		(102,110	)

Issuance of common stock		42,557		42		520,466		–		–			520,508

Fractional shares from reverse split		1,030		1		–		–		–			1

Issuance of common stock		2,488,675		2,489		–		–		–			2,489

Net loss for the year		–		–		–		–		(247,265	)		(247,265	)

Balance as of December 31, 2017		3,583,175	$	3,583	$	1,547,576	$	89,015	$	(1,466,551	)	$	173,623

These financial statements are prepared in accordance with accounting principles accepted generally in the USA. These principles require management to use its best judgment in determining estimates and assumptions thatNote: ~~affect~~There ~~the~~was ~~reported~~a ~~amounts~~1-for-100 ofreverse ~~assets~~stock ~~and~~split ~~liabilities; disclosure~~ of ~~contingent assets and liabilities at~~ the ~~date of the financial statements; and the reported amounts of revenues and expenses during the reporting~~Company’s ~~period.~~common ~~Management~~stock ~~makes~~effective ~~its best estimate of the ultimate outcome for such items based~~ on ~~historical~~June ~~trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the relevant accounting rules~~8, ~~typically in the period when new information becomes available to management~~2017. ~~Actual results in the future could differ from the estimates made in the prior and current periods.~~

~~Cash~~See ~~And~~accompanying ~~Cash~~notes ~~Equivalents~~to consolidated financial statements.

~~Cash and cash equivalents include cash in hand and cash in bank accounts mainly used for the business operations with maturities of less than 90 days.~~F-5

~~Revenue~~IGS ~~Recognition~~CAPITAL GROUP LIMITED

~~The~~CONSOLIDATED ~~Company’s~~STATEMENTS ~~revenue~~OF ~~recognition~~CASH policies are in compliance with Staff accounting bulletin (SAB) 104(ASC 605). Sales revenue is recognized when the significant risks and rewards of the ownership of goods have been transferred to the buyers. No revenue is recognized if there are significant uncertainties regarding the recovery of the consideration due, the possible return of goods, or when the amount of revenue and the costs incurred or to be incurred in respect of the transaction cannot be measured reliably. FLOWS

~~Earnings~~FOR ~~Per~~THE ~~Share~~YEARS ENDED DECEMBER 31, 2017 AND 2016

~~Basic earnings per share~~ (~~"EPS") is~~Currency ~~calculated~~expressed ~~using~~in ~~net~~United ~~earnings~~States ~~(the~~Dollars ~~numerator) divided by the weighted-average number of shares outstanding~~ (~~the denominator~~“US$”) ~~during the reporting period. Diluted EPS includes the effect from potentially dilutive securities.~~)

Income Taxes

	For the years ended December 31,
	2017			2016
Cash Flows from Operating Activities
Net loss	$	(247,265	)	$	(84,413	)
Adjustments to reconcile net income to net cash flows provided by operating activities:
Written-off of goodwill		75,948			–
Depreciation		2,877			–

Change in current assets and liabilities:
Decrease in inventories		2,756			–
Decrease in other receivables		11,092			–
Increase in amounts due from related parties		(474,499	)		–
Increase in account payables		12,111			–
Increase (decrease) in accrued expenses and other payables		223,357			(55,271	)
Net cash flows used in operating activities		(393,623	)		(139,684	)

Cash Flows from Investing Activities
Purchase of property, plant and equipment		(9,631	)		–
Purchase of investment		(13	)		–
Acquisition of a subsidiary, net of cash acquired		20,699			–
Net cash flows provided by investing activities		11,055			–

Cash Flows from Financing Activities
Issuance of shares		522,998			203,221
Settlement of loans from related parties		(127,206	)		(63,537	)
Net cash flows provided by financing activities		395,792			139,684

Effect of exchange rate change on cash and cash equivalents		–			–

Net Increase in Cash & Cash Equivalents		13,224			–

Cash & Cash Equivalents at beginning of year	$	–		$	–
Cash & Cash Equivalents at end of year	$	13,224		$	–

~~The~~See ~~Company~~accompanying ~~recognizes~~notes ~~deferred~~to ~~tax~~consolidated ~~assets and liabilities for the expected future tax consequences of events that have been included in the~~ financial ~~statement or tax returns.~~ ~~Under this method, deferred tax assets and liabilities are determined based on the difference between financial~~ statements ~~and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse~~.

F-76

~~SANCON~~IGS ~~RESOURCES~~CAPITAL ~~RECOVERY,~~GROUP ~~INC.~~LIMITED

NOTES TO FINANCIAL STATEMENTS

~~(United~~FOR ~~States~~THE ~~dollars,~~YEARS ~~except~~ENDED ~~number of~~DECEMBER ~~shares~~31, ~~per~~2017 AND ~~share data and unless otherwise stated)~~2016

~~NOTE~~(Currency ~~2. SUMMARY~~expressed OFin ~~SIGNIFICANT~~United States ~~ACCOUNTING~~Dollars ~~POLICIES~~ (~~CONTINUED~~“US$”), except for number of shares)

~~The~~Note ~~Company operates in several countries~~1. As Nature a result, we are subject to numerous domestic and foreign tax jurisdictions and tax agreements and treaties among the various taxing authorities. Our operations in these jurisdictions are taxed on various bases: income before taxes, deemed profits and withholding taxes based on revenue. The calculation of ~~our tax liabilities involves consideration of uncertainties in the application and interpretation of complex tax regulations in a multitude of jurisdictions across our global operations.~~Operations

WeIGS ~~regularly~~Capital ~~assess~~Group ~~our~~Limited ~~position with regard~~("IGS", toor ~~individual~~"the ~~tax~~Company", ~~exposures~~or ~~and~~"we", ~~record~~or ~~liabilities~~"us"), ~~for~~formerly ~~our~~known ~~uncertain~~as ~~tax~~Sancon ~~positions~~Resources ~~and~~Recovery, ~~related interest and penalties~~Inc., ~~These~~is ~~accruals~~registered ~~reflect~~in ~~management's view of~~ the ~~likely~~State ~~outcomes~~ of ~~current and future audits~~Nevada. ~~The future resolution of these uncertain tax positions may be different from the amounts currently accrued and therefore could impact future tax period expense.~~

~~Changes~~On inApril ~~tax laws~~26, ~~regulations~~2017, ~~agreements~~the Company filed a ~~and~~certificate ~~treaties,~~of ~~foreign~~amendment ~~currency~~to ~~exchange~~its ~~restrictions~~articles orof ~~our~~incorporation ~~level~~with the Secretary of ~~operations~~State orof ~~profitability~~the inState ~~each~~of ~~taxing~~Nevada ~~jurisdiction~~(the ~~could~~“Amendment”) ~~have~~changing anthe ~~impact~~Company’s ~~upon~~name ~~the~~from ~~amount~~“Sancon ofResources ~~income~~Recovery, ~~taxes~~Inc.” ~~that~~to we“IGS ~~provide~~Capital ~~during~~Group ~~any~~Limited”. The ~~given~~name ~~year~~change became effective with FINRA on June 8, 2017.

On April 26, 2017, the Company filed a certificate of change with the Secretary of State of Nevada to effectuate a reverse stock split (the “Stock ~~Based~~Split”) of ~~Compensation~~its issued and outstanding shares of common stock on a 1-for-100 basis. The number of its authorized shares of common stock will remain at 500,000,000 shares, par value $0.001. The Stock Split became effective with FINRA on June 8, 2017 (the “Effective Date”). As of that date, every 100 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares will be issued in connection with the Stock Split. Instead, any fractional shares will be rounded up to the next whole share and a holder of record of old common stock on the Effective Date who would otherwise be entitled to a fraction of a share will, in lieu thereof, be issued one whole share.

AsOn ofor ~~December~~about 31June 29, ~~2016 and 2015~~2017, the Company’s ~~did~~shares ~~not~~of ~~issue~~common ~~any~~ stock ~~options~~began trading on the OTCQB Marketplace under the symbol “IGSC” to reflect the Company’s new name.

~~Recent~~On ~~pronouncements~~August 22, 2017, the Company and Tan Kok Beng (the “Seller”), entered into a Sale and Purchase Agreement (the "Agreement"). The Seller is the owner of all of the issued and outstanding capital stock (the “Stock”) of IGS Mart SDN BHD, a Malaysia company (“IGS Mart”). Pursuant to the Agreement, the Company purchased the Stock from the Seller for a purchase price of US$60,000. On completion of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.

~~The~~IGS ~~Company~~Mart ~~has~~is ~~considered~~a ~~all~~company ~~new~~incorporated ~~accounting~~in Malaysia ~~pronouncements~~on ~~and~~June ~~has~~2, ~~concluded~~2017. ~~that~~It ~~there~~currently ~~are~~operates noone ~~new~~convenient ~~pronouncements~~store ~~that~~named ~~may~~Like ~~have~~Mart aat ~~material~~G-3A ~~impact~~Tiara onMutiara ~~results~~139, ofJalan ~~operations~~Puchong, ~~financial~~ ~~condition~~58200 Kuala Lumpur, orMalaysia. ~~cash~~IGS ~~flows~~Mart intends to open an additional 5 convenient stores in Malaysia over the next 15 months. Although there is no assurance of success, ~~based~~the onCompany ~~current~~believes ~~information~~that there is a good opportunity for expansion of many more outlets after the brand is established.

~~NOTE~~Description ~~3. GOING~~of ~~CONCERN~~subsidiary

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, after the disposal of its operating subsidiaries in the 4th quarter of 2011 and became dormant afterwards, the Company has the stockholders’ deficits of $102,110 and $220,918 as of December 31, 2016 and December 31, 2015 respectively. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans, additional sales of its common stock or through a possible business combination. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

Name

Place of incorporation and kind of legal entity

Principal activities and place of operation

Particulars of

issued/registered share capital

Effective interest held

IGS Mart SDN BHD

Malaysia

Operation of convenient store

100 ordinary shares for MYR100

100%

~~NOTE~~Note 42. Summary ~~RELATED~~of ~~PARTY~~Significant Accounting ~~TRANSACTIONS~~Policies

AsBasis of ~~December 31, 2016, the Company owed $17,400 and $82,737 to director and shareholder respectively.~~Presentation

AsThese ofaccompanying ~~December~~consolidated ~~31,~~financial statements ~~2015,~~have ~~the~~been ~~Company~~prepared ~~owed $141,931,~~in ~~$1,230~~accordance ~~and~~with ~~$20,513~~generally toaccepted ~~directors,~~accounting ~~shareholder~~principles ~~and~~in ~~related~~the ~~companies~~United ~~respectively~~States of America (“U.S. GAAP”).

OnUse ~~May 4, 2016, (i) 42,582,858 shares~~ of our common stock, valued at $138,000 were issued in lieu of cash compensation for director and secretarial services from March 13, 2014 through June 30, 2016; and (ii) 9,288,400 shares of our common stock, valued at $23,221 were issued in lieu of cash compensation for accounting services from December 22, 2013 through June 30, 2016.Estimates

~~NOTE~~These 5consolidated financial statements are prepared in accordance with accounting principles accepted generally in the USA. ~~STOCKHOLDERS’~~ ~~EQUITY~~These principles require management to use its best judgment in determining estimates and assumptions that: affect the reported amounts of assets and liabilities; disclosure of contingent assets and liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for such items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the relevant accounting rules, typically in the period when new information becomes available to management. Actual results in the future could differ from the estimates made in the prior and current periods.

~~Common stock~~F-7

~~Please~~Basis ~~refer to Note 4 – Related Party Transactions for the details~~ of ~~changes in share capital for the year ended December 31, 2016.~~Consolidation

FThe consolidated financial statements include the financial statements of the Company and its subsidiary. All significant inter-8company balances and transactions within the Company have been eliminated upon consolidation.

~~SANCON~~Net ~~RESOURCES~~Loss ~~RECOVERY,~~Per ~~INC.~~Share

~~NOTES~~The TOCompany ~~FINANCIAL~~calculates ~~STATEMENTS~~net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

~~(United~~Fair ~~States~~Value ~~dollars, except number~~ of ~~shares,~~Financial ~~per share data and unless otherwise stated)~~Instruments

~~NOTE~~The Company’s financial instruments 5consist primarily of accounts payable and accrued expenses. ~~STOCKHOLDERS’~~ ~~EQUITY~~The ~~(CONTINUED)~~carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.

~~Stock~~Management ~~options~~believes, based on the current market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate the carrying amount.

OnThe ~~December 5, 2012, the~~ Company ~~entered into~~also afollows ~~settlement agreement with Dragon Wings for~~ the ~~settlement~~guidance of ~~the claim by Dragon Wings. In consideration of Sancon's agreement~~ ~~to make~~ the ~~payments~~ASC inTopic ~~the~~820-10, ~~form~~“Fair ofValue ~~common~~Measurements ~~shares~~ and ~~share~~Disclosures” ~~options~~(“ASC ~~listed~~820-10”), inwith ~~the~~respect ~~settlement~~to ~~agreement. The Company would give~~financial ~~the~~assets ~~option~~and toliabilities ~~Dragon~~that ~~Wings~~are tomeasured ~~purchase~~at ~~6,000,000~~fair ~~common~~value. ~~shares;~~ASC ~~the~~820-10 ~~option~~establishes ~~may~~a bethree-tier ~~exercised~~fair byvalue ~~Dragon~~hierarchy ~~Wings~~that ~~in whole or in part,~~prioritizes ~~at any time within 5 years from~~ the ~~date~~inputs ofused ~~this~~in ~~settlement~~measuring ~~agreement~~fair ~~with~~value ~~the~~as ~~exercise price at US$0.01 per share, with dilution protection and subject to share split adjustment.~~follows:

	As at
	December 31, 2016		December 31, 2015
Loan settled by share option	$	149,015	$	149,015
Par value of the common shares		60,000		60,000
Fair value of share option	$	89,015	$	89,015

☐	Level 1 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;

~~NOTE~~☐ 6Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. ~~INCOME~~Black-Scholes ~~TAXES~~Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and

~~The~~☐ ~~Company~~Level is3 ~~registered~~: inInputs ~~the~~are ~~State of~~generally ~~Nevada.~~unobservable ~~Before~~and ~~the~~typically ~~disposal~~reflect ofmanagement’s ~~its~~estimates ~~operating~~of ~~subsidiaries~~assumptions onthat ~~October~~market ~~31,~~participants ~~2011,~~would ~~the~~use ~~Company had operations~~ in ~~primarily~~pricing ~~four tax jurisdictions~~ the ~~Australia,~~asset ~~China,~~or ~~British Virgin Islands and the United States~~liability. ~~For certain operations in the United States of America, the Company has incurred net accumulated operating losses for income tax purposes.~~ The ~~Company~~fair ~~believes~~values ~~that~~are ittherefore ~~is more~~determined ~~likely~~using ~~than~~model-based ~~not that these net accumulated operating losses will not be utilized in the future. Therefore~~techniques, ~~the~~including ~~Company~~option ~~has provided~~pricing ~~full~~models ~~valuation allowance for the deferred tax assets arising from the losses from its US public shell as of December 31, 2016~~ and ~~December~~discounted ~~31,~~cash ~~2015~~flow models.

~~The~~Fair ~~components~~value ofestimates ~~income~~are ~~before~~made ~~income~~at a specific ~~taxes~~point ~~and~~in ~~non-controlling~~time ~~interest~~based on relevant market information about the financial instrument. These estimates are assubjective ~~follows:~~in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

	As at
	December 31, 2016			December 31, 2015
Loss subject to United States	$	(84,413	)	$	(74,147	)
Net loss before income tax and non-controlling interest	$	(84,413	)	$	(74,147	)

Cash and Cash Equivalent

~~United~~Cash ~~States~~and cash equivalents consist primarily of ~~America~~cash in readily available checking and saving accounts. Cash equivalents consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts approximate fair value due to the short maturities of these instruments.

AsInventories ofInventories ~~December~~are stated ~~31,~~at ~~2016,~~ the ~~Company~~lower ~~in the United States~~ of ~~America~~cost ~~had~~or ~~approximately~~market ~~$8,084,031~~value in (net ~~operating~~realizable ~~loss~~value), ~~carry~~cost ~~forwards~~being ~~available~~determined toon ~~offset~~a ~~future~~weighted ~~taxable income.~~average ~~Federal net operating losses can generally be carried forward 20 years~~method. The Company ~~Tax~~provides ~~Reform~~inventory ~~Act~~allowances ofbased ~~1986~~on ~~limits~~excess ~~the use of net operating loss~~ and ~~tax~~obsolete ~~credit~~inventories ~~carry~~determined ~~forwards~~principally inby ~~certain~~customer ~~situations when changes occur in the stock ownership of a company~~demand. ~~In the~~As ~~event the Company has a change in ownership, utilization~~ of ~~carry forwards could be restricted. The deferred tax assets for the United States entity at~~ December 31, ~~2016~~2017, ~~consists mainly of net operating loss carry forwards and were fully reserved as~~ the ~~management believes~~Company itdid ~~is more likely than~~ not ~~that~~record ~~these~~an ~~assets~~allowance ~~will~~for ~~not~~obsolete beinventories, ~~realized~~nor inhave ~~the~~there ~~future~~been any write-offs.

~~The following table sets forth the significant components of the net deferred tax assets for operation in the United States of America as of December 31, 2016 and 2015.~~F-8

	As at
	December 31, 2016			December 31, 2015
Net Operating Loss Carry Forwards	$	8,084,031		$	7,999,618
Total Deferred Tax Assets		2,748,570			2,719,870
Less: Valuation Allowance		(2,748,570	)		(2,719,870	)
Net Deferred Tax Assets	$	–		$	–

Property, Plant and Equipment

AsProperty, ofplant ~~December~~and ~~31,~~equipment ~~2016,~~are ~~the~~stated at ~~Company~~cost ~~does~~less ~~not~~accumulated ~~have~~depreciation and accumulated impairment losses, if any. ~~unrecognized~~Depreciation is calculated on the straight-line ~~tax~~basis ~~benefits~~over ~~and~~the nofollowing ~~corresponding~~expected ~~interest~~useful orlives ~~penalties.~~from ~~The~~the ~~Company's~~date ~~policy~~on iswhich tothey ~~record~~become ~~interest~~fully operational and ~~penalties~~after astaking ~~income~~into ~~tax~~account ~~expense.~~their estimated residual values:

F-9

				Expected useful life
Leasehold improvement				10 years
Furniture, fixture and equipment				10 years
Computer and software				10 years

~~SIGNATURES~~Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

~~Pursuant~~Depreciation toexpenses ~~the~~for ~~requirements of~~ the ~~Section~~years ended 13December ~~or 15(d) of the Securities Exchange Act of 1934~~31, ~~the~~2017 ~~registrant~~and ~~has~~2016 ~~duly~~was ~~caused this report to be signed on its behalf by the undersigned~~$2,877 ~~thereunto~~and ~~duly authorized on the March 31~~$0, ~~2017~~respectively.

~~SANCON~~Impairment ~~RESOURCES~~of ~~RECOVERY, INC.~~long-lived assets

~~By:~~In ~~/s/~~accordance ~~Kok~~with ~~Seng~~the ~~Yeap~~ provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and equipment held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. There has been no impairment charge for the year ended December 31, 2017.

~~Kok Seng Yeap~~Revenue

~~Director~~The Company recognizes its revenue in accordance with the ASC Topic 605, “Revenue Recognition”. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. The recognition of revenues involves certain management judgments. The amount and timing of our revenues could be materially different for any period if management made different judgments or utilized different estimates.

~~(Chief~~Revenue ~~Executive~~is ~~Officer)~~measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue.

InCost ~~accordance with the Securities Exchange Act~~ of ~~1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.~~revenue

Name	Title	Date
/s/ Kok Seng Yeap Kok Seng Yeap	Director (Chief Executive Officer)	March 31, 2017
/s/ He Qianying He Qianying	Director	March 31, 2017

Cost of revenue consists primarily of purchase of stock which are directly attributable to the operation of convenient store.

15Income Taxes

~~INDEX~~Income TOtaxes are determined in accordance with the provisions ~~EXHIBITS~~of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this 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 basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Exhibit No.		Description
3.1		Articles of Incorporation of Financial Telecom Limited (USA), Inc.
3.2		Amended and Restated Bylaws of Financial Telecom Limited (USA), Inc.
10.1		Agreement between Hong Kong Futures Exchange Limited and Financial Telecom Limited
10.2		Market Service Datafeed Agreement between Stock Exchange Information Services Limited and Financial Telecom Limited
10.3		Option agreement dated December 14, 2004 between Fintel Group Limited and shareholders of Shanghai Longterms Technology Limited.
10.4		Option agreement dated January 5, 2005 between Fintel Group Limited and shareholders of Beijing JCL Technology Commerce Limited.
10.5		Option agreement dated January 20, 2005 between Fintel Group Limited and shareholders of Shanghai Qianhou Computer Technology Limited.
10.6		Independent contractor agreement between Fintel Group Limited and Mr. Sam Chong Keen.
10.7		Independent contractor agreement between Fintel Group Limited and Info Media Company.
10.8		Independent contractor agreement between Fintel Group Limited and China Digital Distribution Limited.
10.9		Sales and purchase agreement dated March 25, 2005 between Fintel Group Limited and shareholders of Enjoy Media Holdings Limited
10.10		Sales and purchase agreement dated April 25, 2005 between Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd.
10.11		Option agreement dated March 7, 2005 between Fintel Group Limited and shareholders of Beijing Sinoskyline technology Trading Co. Ltd.
10.12		Settlement agreement dated December 5, 2012 between Sancon Resources Recovery, Inc. and Dragon Wings Communications Limited.
10.13		Notice of Dismissal dated January 11, 2013 issued by the United States Bankruptcy Court, District of Nevada.
10.14		Service Agreement, dated May 31, 2013, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd.
10.15*		Service Agreement, dated July 20, 2016, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd.
14.1		Code of Ethics
21.1		Subsidiaries of the registrant
31.1*	Certification of Director and Chief Executive Officer
31.2*	Certification of Director
32.1*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
32.2*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
101	The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2016 and 2015, (ii) Statement of Operations for the years ended December 31, 2016 and 2015, (iii) Statement of Cash Flows for the years ended December 31, 2016 and 2015, and (iv) Notes to Financial Statements.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

*FiledFor the years ended December 31, 2017 and ~~herewith~~2016, the Company did not have any interest and penalties associated with tax positions. As of December 31, 2017 and 2016, the Company did not have any significant unrecognized uncertain tax positions.

(1)	Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
(2)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 15, 2005.

F-9

(3)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.
(4)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 6, 2005.

Foreign currencies translation

(5)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
(6)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006.

The accompanying consolidated financial statements are presented in U.S. dollars ("USD"). The Company's wholly owned subsidiary (IGS Mart’s) functional currency is the Malaysian Ringgit (“MYR”). The financial statements are translated into USD in accordance with Codification ASC 830, “Foreign Currency Matters”. All assets and liabilities were translated at the current exchange rate, at respective balance sheet dates, shareholders' equity is translated at the historical rates and income statement items are translated at the average exchange rate for the reporting periods. The resulting translation adjustments are reported as other comprehensive income and accumulated other comprehensive income in the shareholders' equity in accordance with Codification ASC 220, “Comprehensive Income”.

(7)	Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.
(8)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.

Translation gains and losses that arise from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated into USD at the rate on the date of the transaction and included in the results of operations as incurred. There were no material transaction gains or losses in the periods presented.

(9)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016
(10)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016

Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the year ended December 31,
	2017		2016
Year-end MYR : US$1 exchange rate		3.9746		–
Year-average MYR : US$1 exchange rate		3.9746		–

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Recent pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The standard provides companies with a single model for accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. In August 2015, the FASB issued ASU 2015-14, Deferral of the Effective Date , which defers the required adoption date of ASU 2014-09 by one year. As a result of the deferred effective date, ASU 2014-09 will be effective for the Company in its first quarter of fiscal 2018. Early adoption is permitted but not before the original effective date of the new standard of the first quarter of fiscal 2017. The following ASUs were subsequently issued by the FASB to clarify the implementation guidance in some areas and add practical expedients: In March 2016, ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations; in April 2016, ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing; in May 2016, ASU 2016-12, Revenue from Contracts with Customers: Narrow Scope Improvements and Practical Expedients; and in December 2016, ASU 2016-20, Technical Corrections and Improvements to Revenue from Contracts with Customers . The Company’s is currently finalizing its evaluation of standard product sales arrangements and has identified an adoption impact related to revenue from certain distributor agreements which was deferred until the period in which the distributor sells through the inventory to the end customer. In connection with the adoption of ASU 2014-09, the Company will change the recognition of sales to these distributors whereby revenue will be estimated and recognized in the period in which the Company transfers control of the product to the distributor; the adoption impact is not expected to be material. Other than this impact, the Company has not identified any expected impact on the timing and measurement of revenue for standard product sales arrangements from the adoption of the standard and the Company is currently formalizing its final conclusions.

In February 2016, the FASB issued ASU No. 2016-02, Leases . The standard requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in its balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The guidance in ASU 2016-02 is effective for annual and interim reporting periods beginning after December 15, 2018.

F-10

In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which changes the accounting for employee share-based payments, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. Under the new guidance, excess tax benefits associated with share-based payment awards will be recognized in the income statement when the awards vest or settle, rather than in stockholders’ equity. In addition, it will increase the number of shares an employer can withhold to cover income taxes on share-based payment awards and still qualify for the exemption to liability classification. The guidance was effective for the Company in the first quarter of 2017.

In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash , which requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The guidance will be effective for the Company in its first quarter of fiscal 2018. Early adoption is permitted, including adoption in an interim period, but any adjustments must be reflected as of the beginning of the fiscal year that includes that interim period. The new standard must be adopted retrospectively.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other, which eliminates step two of the quantitative goodwill impairment test. Step two required determination of the implied fair value of a reporting unit, and then a comparison of this implied fair value with the carrying amount of goodwill for the reporting unit, in order to determine any goodwill impairment. Under the new guidance, an entity is only required to complete a one-step quantitative test, by comparing the fair value of a reporting unit with its carrying amount, and any goodwill impairment charge is determined by the amount by which the carrying amount exceeds the reporting unit’s fair value. However, the loss should not exceed the total amount of goodwill allocated to the reporting unit. The standard is effective for the Company in the first quarter of 2020, with early adoption permitted as of January 1, 2017, and is to be applied on a prospective basis.

In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which changes how employers that sponsor defined benefit pension or other postretirement benefit plans present the net periodic benefit cost in the statement of operations. The new guidance requires entities to report the service cost component in the same line item or items as other compensation costs. The other components of net benefit cost are required to be presented in the statement of operations separately from the service cost component and outside the subtotal of loss from operations. ASU 2017-07 also provides that only the service cost component is eligible for capitalization. The standard is effective for the Company in the first quarter of 2018, with adoption to be applied on a retrospective basis.

In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation: Scope of Modification Accounting , which provides clarification on when modification accounting should be used for changes to the terms or conditions of a share-based payment award. This ASU does not change the accounting for modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of this ASU are effective for the Company in the first quarter of 2018, with early adoption permitted.

In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities , which modifies the presentation and disclosure of hedging results. Further, it provides partial relief on the timing of certain aspects of hedge documentation and eliminates the requirement to recognize hedge ineffectiveness separately in income. The amendments in this ASU are effective for the Company in the first quarter of 2019.

In November 2017, the FASB has issued ASU No. 2017-14, Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from Contracts with Customers (Topic 606). ASU 2017-14 includes amendments to certain SEC paragraphs within the FASB Accounting Standards Codification (Codification). ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the SEC. ‘The amendments in ASU No. 2017-14 amends the Codification to incorporate SEC Staff Accounting Bulletin (SAB) No. 116 and SEC Interpretive Release on Vaccines for Federal Government Stockpiles (SEC Release No. 33-10403) that bring existing SEC staff guidance into conformity with the FASB’s adoption of and amendments to ASC Topic 606, Revenue from Contracts with Customers.

In September 2017, the FASB has issued ASU No. 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.” The amendments in ASU No. 2017-13 amends the early adoption date option for certain companies related to the adoption of ASU No. 2014-09 and ASU No. 2016-02. Both of the below entities may still adopt using the public company adoption guidance in the related ASUs, as amended. The effective date is the same as the effective date and transition requirements for the amendments for ASU 2014-09 and ASU 2016-02.

F-11

Other 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 consolidated financial statements upon adoption.

Note 3. Business Combination

On August 23, 2017, the Company acquired 100% of the share capital of IGS Mart SDN. BHD. for a consideration of $60,000.

The following table summarizes the consideration paid for IGS Mart SDN. BHD., the fair value of assets acquired and liabilities assumed at the acquisition date.

At August 23, 2017	US$

Total purchase price for the acquisition		60,000

Less: Recognized amounts of identifiable assets acquired and liabilities assumed

Property, plant and equipment		38,128
Inventories		28,771
Trade and other receivables		15,440
Cash and cash equivalents		20,699
Trade and other payables		(118,986	)

Total identifiable net assets		(15,948	)

Goodwill		75,948

The goodwill was fully written-off during the year.

Note 4. Property, Plant and Equipment

Property, plant and equipment is summarized as following:

	As at
	December 31, 2017			December 31, 2016
Cost	$	–		$	–
Leasehold improvement		12,673			–
Furniture, fixture and equipment		28,691			–
Computer and software		6,395			–
		47,759			–
Less:
Accumulated depreciation		(2,877	)		–
Balance at end of year	$	44,882		$	–

Note 5. Related Party Transactions

As of December 31, 2017, the Company owed $84,780 to a related company, $314,681 and $99,818 from a director and related companies respectively.

As of December 31, 2016, the Company owed $17,400 and $82,737 to a director and a shareholder respectively. Imputed interests on related parties’ loans are not significant.

During the year ended December 31, 2017, the Company advanced $332,081 to a director, Kok Seng Yeap, Eddy.

F-12

On May 4, 2016, (i) 42,582,858 shares of our common stock, valued at $138,000 were issued in lieu of cash compensation for director and secretarial services from March 13, 2014 through June 30, 2016; and (ii) 9,288,400 shares of our common stock, valued at $23,221 were issued in lieu of cash compensation for accounting services from December 22, 2013 through June 30, 2016.

Note 6. Stockholders’ equity

Common stock

The Company has the authority to issue 500,000,000 shares of common stock, $0.001 par value. The total number of shares of the Company’s common stock outstanding as of December 31, 2017 and December 31, 2016 are 3,583,175 and 1,050,913, respectively.

On May 8, 2017, 1,923,200 new shares issued. The total number of shares issued and outstanding increased from 105,091,254 to 107,014,454.

On May 22, 2017, 2,332,541 new shares issued. The total number of shares issued and outstanding increased from 107,014,454 to 109,346,995.

On June 29, 2017, 2,145,815 new shares issued. The total number of shares issued and outstanding increase from 1,094,500 to 3,242,815.

On July 10, 2017, 234,000 new shares issued. The total number of shares issued and outstanding increased from 3,242,815 shares to 3,476,815 shares.

On July 20, 2017, 74,703 new shares issued. The total number of shares issued and outstanding increased from 3,476,815 shares to 3,551,518 shares.

On August 1, 2017, 12,830 new shares issued. The total number of shares issued and outstanding increased from 3,551,518 shares to 3,564,348 shares.

On September 22, 2017, 10,579 new shares issued. The total number of shares issued and outstanding increased from 3,564,348 shares to 3,574,927 shares.

On November 1, 2017, 8,248 new shares issued. The total number of shares issued and outstanding increased from 3,574,927 shares to 3,583,175 shares.

These issuance of common shares is for the settlement of liability due to related parties.

For the new issuance of shares, please refer to Item 5. UNREGISTERED SALES OF EQUITY SECURITIES of PART II. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Stock options

On December 5, 2012, the Company entered into a settlement agreement with Dragon Wings for the settlement of the claim by Dragon Wings. In consideration of IGS’s agreement to make the payments in the form of common shares and share options listed in the settlement agreement. The Company would give the option to Dragon Wings to purchase 6,000,000 common shares; the option may be exercised by Dragon Wings in whole or in part, at any time within 5 years from the date of this settlement agreement with the exercise price at US$0.01 per share, with dilution protection and subject to share split adjustment.

F-13

	As at
	December 31, 2017		December 31, 2016

Loan settled by share option	$	149,015	$	149,015
Par value of the common shares		60,000		60,000
Fair value of share option	$	89,015	$	89,015

Note 7. Income Taxes

For the years ended December 31, 2017 and 2016, the local (“United States of America”) and foreign components of loss before income taxes were comprised of the following:

	Years ended December 31,
	2017			2016
Tax jurisdiction from:
- Local	$	(210,856	)	$	(84,413	)
- Foreign		(36,409	)		–
Loss before income taxes	$	(247,265	)	$	(84,413	)

The provision for income taxes consisted of the following:

	Years ended December 31,
	2017		2016
Current:
- Local	$	–	$	–
- Foreign		–		–

Deferred:
- Local		–		–
- Foreign		2,850		–
Income tax expense	$	2,850	$	–

The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: United States of America and the Malaysia that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the “Act”) resulting in significant modifications to existing law. The Company has completed the accounting for the effects of the Act during the quarter ended December 31, 2017. The Company’s financial statements for the year ended December 31, 2017 reflect certain effects of the Act which includes a reduction in the corporate tax rate from 34% to 21% as well as other changes.

As of December 31, 2017, the Company in the United States of America had approximately $8,255,348 in net operating loss carry forwards available to offset future taxable income. Federal net operating losses can generally be carried forward 20 years. The Tax Reform Act of 1986 limits the use of net operating loss and tax credit carry forwards in certain situations when changes occur in the stock ownership of a company. In the event the Company has a change in ownership, utilization of carry forwards could be restricted. The deferred tax assets for the United States entity at December 31, 2017 consists mainly of net operating loss carry forwards and were fully reserved as the management believes it is more likely than not that these assets will not be realized in the future.

F-14

The following table sets forth the significant components of the net deferred tax assets for operation in the United States of America as of December 31, 2017 and 2016.

	As at
	December 31, 2017			December 31, 2016

Net Operating Loss Carry Forwards	$	8,255,348		$	8,084,031

Total Deferred Tax Assets – current rate		1,733,623			2,748,570
Total Deferred Tax Assets – effect of change in statutory rate		1,073,195			–
Less: Valuation Allowance		(2,806,818	)		(2,748,570	)
Net Deferred Tax Assets	$	–		$	–

The Company has U.S. federal net operating loss carry forwards that if unused could expire in varying amounts in the years through 2020 to 2026. However, as a result of the acquisition, the amount of net operating loss carry forward available to be utilized in reduction of future taxable income was reduced pursuant to the change in control provisions of Section 382 of the Internal Revenue Code.

A 100% valuation allowance has been established as a reserve against the deferred tax assets arising from the net operating losses and other net temporary differences since it cannot, at this time, be considered more likely than not that their benefit will be realized in the future.

Malaysia

The Company’s subsidiary operating in Malaysia subject to the Malaysia Corporate Tax Laws at a tax rate of 24% on the assessable income for its tax year. Any unutilized losses can be carried forward indefinitely to be utilized against income from any business source.

As of December 31, 2017 and 2016, there were deferred tax liabilities of $2,850 and $0 to be recognized, respectively.

As of December 31, 2017, the Company does not have any unrecognized tax benefits and no corresponding interest or penalties. The Company's policy is to record interest and penalties as income tax expense.

Note 8. Commitments and contingencies

From time to time the Company may become a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company's financial position or results of operations.

Note 9. Subsequent events

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2017, up through the date the Company issued the unaudited condensed financial statements. During the period, the Company did not have any material recognizable subsequent events, except for the below transaction:

On January 3, 2018, the Board of Directors of the Company approved the subscription of the Company’s shares with details as follows were tabled.

No.	Name of Applicant	Number of shares	Price (USD)	Date of Application
1	KANG BOK HEE	869	1,000.00	January 2, 2018
2	KANG DALYONG	5,217	6,000.00	January 2, 2018
3	KANG LEEMAN	869	1,000.00	January 2, 2018
4	KANG MYUNGJI	434	500.00	January 2, 2018
5	KIM CHONAM	869	1,000.00	January 2, 2018

F-15

6	KIM EUNSOOK	1,739	2,000.00	January 2, 2018
7	KIM JEONGHEE	2,495	2,870.00	January 2, 2018
8	KIM KYONG AE	1,739	2,000.00	January 2, 2018
9	KIM KYUNG WON	1,722	1,980.00	January 2, 2018
10	KIM MYOUNGSOOK	869	1,000.00	January 2, 2018
11	KIM YOUNGSEOK	2,608	3,000.00	January 2, 2018
12	KIM YUNJA	2,608	3,000.00	January 2, 2018
13	KIM YONGHYEON	869	1,000.00	January 2, 2018
14	KWAK TAE JONG	2,608	3,000.00	January 2, 2018
15	LEE MYUNGSUK	4,348	5,000.00	January 2, 2018
16	LEE OKRYEON	2,608	3,000.00	January 2, 2018
17	LEE SOON JA	1,626	1,870.00	January 2, 2018
18	LEE SUKYEON	4,348	5,000.00	January 2, 2018
19	LEE SUNGSIM	17,391	20,000.00	January 2, 2018
20	LEE SUNGSIM	1,739	2,000.00	January 2, 2018
21	KIM DOHUI	869	1,000.00	January 2, 2018
22	PARK JONGBUM	8,695	10,000.00	January 2, 2018
23	SEO WONYONG	6,087	7,000.00	January 2, 2018
24	KAM YOUNGHEE	2,608	3,000.00	January 2, 2018
25	BAE SOOKHEE	2,608	3,000.00	January 2, 2018
26	CHOI SEOYOON	1,626	1,870.00	January 2, 2018
27	CHOI YUNSEO	869	1,000.00	January 2, 2018
28	CHOO KWANGSENG	869	1,000.00	January 2, 2018
29	HA INSU	2,608	3,000.00	January 2, 2018
30	HWANG BYUNGGU	2,608	3,000.00	January 2, 2018
31	JEONG JEONGIM	1,739	2,000.00	January 2, 2018
32	JOO HYUNJU	2,608	3,000.00	January 2, 2018
33	MOON DALSOON	869	1,000.00	January 2, 2018
34	NAM OKSOOK	2,608	3,000.00	January 2, 2018
35	PARK MISUK	2,608	3,000.00	January 2, 2018
36	PARK SUNGJOON	2,608	3,000.00	January 2, 2018
37	SON BOGYEONG	1,739	2,000.00	January 2, 2018
38	SONG KI WOONG	1,304	1,500.00	January 2, 2018
39	YANG TAE SOO	1,626	1,870.00	January 2, 2018
40	YU HYERI	869	1,000.00	January 2, 2018
41	JEONG INSOOK	1,739	1,000.00	January 2, 2018
42	OH YONGMAN	2,608	1,500.00	January 2, 2018
43	PONTOON BOAT INC	1,121,750	448,700.00	January 2, 2018

F-16

On March 21, 2018, the Board of Directors of the Company approved the subscription of the Company’s shares with details as follows were tabled.

No.	Name of Applicant	Number of shares	Price (USD)	Date of Application
1	PONTOON BOAT INC	705,127	211,538.00	March 21, 2018

On March 27, 2018, the Board of Directors of the Company approved the subscription of the Company’s shares with details as follows were tabled.

No.	Name of Applicant	Number of shares	Price (USD)	Date of Application
1	PONTOON BOAT INC	32,000,000	9,600.00	March 27, 2018
2	KHALID BIN HASHIM	35,000	10.50	March 27, 2018
3	JULIA BINTI MOSIOL	7,000	2.10	March 27, 2018
4	ROHAYA BINTI BAKAR	7,467	2.24	March 27, 2018
5	ASMAH BINTI ATOU	7,000	2.10	March 27, 2018
6	RITA SARID	14,000	4.20	March 27, 2018
7	SULAIMAN MADAHIN	14,000	4.20	March 27, 2018
8	KAMARUZAMAN BIN ISMAIL	9,333	2.80	March 27, 2018
9	ANBAZAGAN SAMUEL	35,000	10.50	March 27, 2018
10	PAMELA BINTI BENJAMIN	21,000	6.30	March 27, 2018
11	MD JALAL BIN JAAFAR	35,000	10.50	March 27, 2018
12	JAMAKIYAH BINTI MAJID	9,333	2.80	March 27, 2018
13	RUSTINA SING	11,667	3.50	March 27, 2018
14	TAN TOH NGUANG	490,000	147.00	March 27, 2018
15	JOHN OMPUK	9,333	2.80	March 27, 2018
16	MOGAN ARWANANTHAN	151,993	45.60	March 27, 2018
17	AZMI BIN HASSIM	28,000	8.40	March 27, 2018
18	AZMAN BIN AMBIR	35,000	10.50	March 27, 2018
19	HASRINAH BINTI MOHD GULLAM	18,667	5.60	March 27, 2018
20	IBRISHAM BIN ZAKARIA	70,000	21.00	March 27, 2018
21	MOHD LASA BIN ABDUL	7,000	2.10	March 27, 2018
22	MUHAMMAD AZIM BIN BANI AMIN	7,000	2.10	March 27, 2018
23	MOHD RUSHDI BIN YUSOF	7,000	2.10	March 27, 2018
24	SHIM SHOO FAH	23,333	7.00	March 27, 2018
25	AMINUDDIN BIN HAJI MUHAMMAD SAID	23,333	7.00	March 27, 2018
26	SHIM SHOO FAH	70,000	21.00	March 27, 2018
27	AMINUDDIN BIN HAJI MUHAMMAD SAID	46,667	14.00	March 27, 2018
28	KIANCHONG BIN JAILANI	14,000	4.20	March 27, 2018
29	FATIMAH BINTI MUHAMAD	35,000	10.50	March 27, 2018
30	MAT HARUN BIN AB MANAF	35,000	10.50	March 27, 2018
31	TAY BOON HUA	46,667	14.00	March 27, 2018
32	KEE POH SOON	46,667	14.00	March 27, 2018
33	PAVITHIRAN DEVADASAN	7,000	2.10	March 27, 2018
34	RUSTINA SING	18,667	5.60	March 27, 2018
35	ZAINUDDIN BIN YAACOB	14,000	4.20	March 27, 2018
36	ANBAZAGAN SAMUEL	35,000	10.50	March 27, 2018
37	OTHMAN BIN AHMAN	7,000	2.10	March 27, 2018
38	ROSLINA BINTI AMALUDDIN	7,000	2.10	March 27, 2018

F-17

39	SITI SAUDAH BINTI SYED MUDAN	14,000	4.20	March 27, 2018
40	FAZIAH BINTI SELAMAT	7,000	2.10	March 27, 2018
41	ROHAYAH BINTI MOHD	14,000	4.20	March 27, 2018
42	FAZUAH BINTI HAJI ABD RAHIM	14,000	4.20	March 27, 2018
43	MOHD FIRDAUS BIN MANSOR	7,000	2.10	March 27, 2018
44	AMIR BIN SHAIDIN	7,000	2.10	March 27, 2018
45	SHANDON BIN ABD WAHAB	7,000	2.10	March 27, 2018
46	HASIAH BINTI ABD RAHIM	7,000	2.10	March 27, 2018
47	PAIZAH BINTI BOKHARI	7,000	2.10	March 27, 2018
48	HERMES GEORGE	30,333	9.10	March 27, 2018
49	CHE SALIM BIN SAID	21,000	6.30	March 27, 2018
50	YA ACUB BIN DOLLAH	7,000	2.10	March 27, 2018
51	SHIM SHOO FAH	35,000	10.50	March 27, 2018
52	SHIM SHOO FAH	23,333	7.00	March 27, 2018
53	AMINUDDIN BIN HAJI MUHAMMAD SAID	70,000	21.00	March 27, 2018
54	NG KOK CHONG	23,333	7.00	March 27, 2018
55	LIM WEI CHING	116,667	35.00	March 27, 2018
56	ONG LEE CHIA	46,667	14.00	March 27, 2018
57	TAY BOON HUA	133,333	40.00	March 27, 2018
58	KEE POH SOON	133,333	40.00	March 27, 2018
59	NG KOK CHONG	16,667	5.00	March 27, 2018
60	LIM WEI CHING	83,333	25.00	March 27, 2018
61	ONG LEE CHIA	33,333	10.00	March 27, 2018

On April 9, 2018, the Board of Directors of the Company approved the subscription of the Company’s shares with details as follows were tabled.

No.	Name of Applicant	Number of shares	Price (USD)	Date of Application
1	GLOBAL ASSET TRUSTEE (MALAYSIA) BERHAD	10,000	5,000.00	April 6, 2018

According to the issuance of total 36,263,283 shares of common stock, the total number of share outstanding increased from 3,583,175 shares to 39,846,458 shares.

F-18

SIGNATURES

Pursuant to the requirements of the Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 17th day of May, 2018.

IGS CAPITAL GROUP LIMITED

By: /s/ Kok Seng Yeap__________________

Kok Seng Yeap

Director

(Chief Executive Officer, Chief Financial Officer and Secretary)

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

Name	Title	Date

_/s/ Kok Seng Yeap_________ Kok Seng Yeap	Director (Chief Executive Officer, Chief Financial Officer and Secretary)	May 17, 2018

INDEX TO EXHIBITS

Exhibit No.	Description

3.1	Articles of Incorporation of Financial Telecom Limited (USA), Inc. (1)
3.2	Amended and Restated Bylaws of Financial Telecom Limited (USA), Inc. (1)
10.1	Agreement between Hong Kong Futures Exchange Limited and Financial Telecom Limited (1)
10.2	Market Service Datafeed Agreement between Stock Exchange Information Services Limited and Financial Telecom Limited (1)
10.3	Option agreement dated December 14, 2004 between Fintel Group Limited and shareholders of Shanghai Longterms Technology Limited. (2)
10.4	Option agreement dated January 5, 2005 between Fintel Group Limited and shareholders of Beijing JCL Technology Commerce Limited. (2)
10.5	Option agreement dated January 20, 2005 between Fintel Group Limited and shareholders of Shanghai Qianhou Computer Technology Limited. (2)
10.6	Independent contractor agreement between Fintel Group Limited and Mr. Sam Chong Keen. (2)
10.7	Independent contractor agreement between Fintel Group Limited and Info Media Company. (2)
10.8	Independent contractor agreement between Fintel Group Limited and China Digital Distribution Limited. (2)
10.9	Sales and purchase agreement dated March 25, 2005 between Fintel Group Limited and shareholders of Enjoy Media Holdings Limited (3)
10.10	Sales and purchase agreement dated April 25, 2005 between Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd. (4)
10.11	Option agreement dated March 7, 2005 between Fintel Group Limited and shareholders of Beijing Sinoskyline Technology Trading Co. Ltd. (4)
10.12	Settlement agreement dated December 5, 2012 between Sancon Resources Recovery, Inc. and Dragon Wings Communications Limited. (9)
10.13	Notice of Dismissal dated January 11, 2013 issued by the United States Bankruptcy Court, District of Nevada. (11)
10.14	Service Agreement, dated May 31, 2013, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd. (12)
10.15	Service Agreement, dated July 20, 2016, between Sancon Resources Recovery, Inc. and Fintel (USA) Ltd. (13)
14.1	Code of Ethics (10)
21.1	Subsidiaries of the registrant (9)
31.1*	Certification of Director and Chief Executive Officer
31.2*	Certification of Chief Financial Officer
32.1*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
32.2*	Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002

101^†	The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2017 and 2016, (ii) Statement of Operations for the years ended December 31, 2017 and 2016, (iii) Statement of Stockholders’ Equity for the years ended December 31, 2017 and 2016, and (iv) Statement of Cash Flows for the years ended December 31, 2017 and 2016, (v) Notes to Financial Statements.

*Filed herewith

† To be filed by amendment

(1)	Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
(2)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed March 31, 2005.

(3)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.
(4)	Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 9, 2005.

(5)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
(6)	Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006.

(7)	Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.
(8)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.
(9)	Incorporated herein by reference to the registrant’s Annual Report on Form 10-K (File No. 000-50760) filed June 7, 2013.
(10)	Incorporated by reference to the Exhibits to our Form 10-K filed on April 27, 2016
(11)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016
(12)	Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016
(13)	Incorporated by reference to the Exhibits to our Form 10-K filed on March 31, 2017

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