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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 10-K

~~(Mark One)~~_________________

x(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021.

~~For fiscal year ended December 31, 2016~~or

Or☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

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: 000-52807

China Changjiang Mining & New Energy Company, Ltd. ~~(Exact name of registrant as specified in its charter)~~

Nevada		75-2571032
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)
Twenty-fourth Floor, Block B, Xinhui Mansion, Gaoxin Road Hi-Tech Zone, Xi'An P.R. China 71005		+86(29) 8833-1685
(Address of Principal Executive Offices; Zip Code)		(Registrant's Telephone Number, including area code)

(Exact name of registrant as specified in its charter)

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

Title of each class Name of each exchange on which registered None None

Nevada		75-2571032
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

Rm. 1907, No. 1038 West Nanjing Road Westgate Mall, Jing’An District Shanghai, China		200041
(Address of principal executive offices)		(Zip Code)

86-8833-1685

(Registrant’s telephone number, including area code)

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

Title of each class Trading Symbol(s) Name of each exchange on which registered N/A N/A N/A

~~Common Stock, par value $0.01 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 o ☐ No x ☒

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

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

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

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~is ~~filers~~a ~~pursuant~~large toaccelerated ~~Item~~filer, ~~405~~an ofaccelerated ~~Regulation~~filer, Sa non-Kaccelerated (§filer, ~~229.405~~a ofsmaller ~~this chapter) is not contained herein~~reporting company, ~~and~~or ~~will~~an ~~not~~emerging begrowth ~~contained,~~company. toSee the ~~best~~definitions of ~~registrant's~~“large ~~knowledge~~accelerated filer,” in“accelerated ~~definitive~~filer”, “smaller ~~proxy~~reporting orcompany”, ~~information~~and ~~statements~~“emerging ~~incorporated~~growth bycompany” ~~reference~~ in ~~Part~~Rule ~~III~~12b-2 of ~~this~~the ~~Form~~Exchange ~~10-K or any amendment to this Form 10-K~~Act. x

~~Indicate~~Large ~~by check mark whether the registrant is a large~~ accelerated filer, an☐ ~~accelerated~~Accelerated filer, a☐ ~~non~~Non-accelerated filer, or☒ aSmaller ~~smaller~~ reporting company. ~~See~~☒ ~~the~~Emerging ~~definitions~~Growth ofCompany ~~"large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.~~☐

~~(Check~~If an ~~one):~~emerging ~~Large~~growth ~~accelerated~~company, ~~filer~~indicate oby ~~Accelerated~~check ~~filer~~mark oif ~~Non-accelerated~~the ~~filer~~registrant ohas ~~Smaller~~elected ~~reporting~~not ~~company~~to xuse ~~(Do~~the ~~not~~extended ~~check~~transition ifperiod afor ~~smaller~~complying with ~~reporting~~any ~~company~~new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant ishas filed a ~~shell~~report ~~company~~on ~~(as~~and ~~defined~~attestation into ~~Rule~~its ~~12b-2~~management’s assessment of the ~~Exchange~~effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Yes o ☐ No x☒

~~State the aggregate market value of the voting and non-voting common equity held~~ Indicate by ~~non-affiliates~~check ~~computed~~mark bywhether ~~reference to~~ the ~~price~~registrant atis ~~which~~a ~~the~~shell ~~common~~company ~~equity was last sold,~~ (as ofdefined ~~the~~in ~~last~~Rule ~~business~~12b-2 ~~day~~ of the ~~registrant’s most recently completed second fiscal quarter: $410,043~~Act). Yes ☒ No ☐

~~Number~~State the aggregate market value of the ~~issuer’s~~voting and non-voting common ~~stock~~equity ~~outstanding~~held asby ofnon-affiliates ~~March~~computed 31by reference to the price at which the common equity was last sold, ~~2017:~~or 64the average bid and asked price of such common equity,~~629,559~~ as of the last business day of the registrant’s most recently completed second fiscal quarter. $0

~~DOCUMENTS~~As of ~~INCORPORATED~~March BY28, ~~REFERENCE~~2022, there were 64,629,559 shares outstanding of the registrant’s common stock.

None.

Special Notes Regarding Forward Looking Statements

In addition to historical information, this report contains forward-looking statements. We use words such as "believe," "expect," "anticipate," "project," "target," "plan," "optimistic," "intend," "aim," "will" or similar expressions, which are intended to identify forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those identified in Item 1A "Risk Factors" included herein, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements.

Readers are urged to carefully review and consider the various disclosures made by us in this report and our other filings with the SEC. These reports attempt to advise interested parties of the risks and factors that may affect our business, financial condition and results of operations and prospects. The forward-looking statements made in this report speak only as of the date hereof and we disclaim any obligation to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.

Use of Terms

Except as otherwise indicated by the context and for the purposes of this report only, references in this report to: "we," "us," "our," or the "Company" are to China Changjiang Mining & New Energy Company, Ltd., and its consolidated subsidiaries;

"MT" are to metric tons;

"PRC" and "China" are to the People's Republic of China;

"SEC" are to the Securities and Exchange Commission;

"Securities Act" are to the Securities Act of 1933, as amended;

"Exchange Act" are to the Securities Exchange Act of 1934, as amended;

"Renminbi" and "RMB" are to the legal currency of China; and

"U.S. dollars," "dollars" and "$" are to the legal currency of the United States.

China Changjiang Mining & New Energy Company, Ltd.,

For the Fiscal Year Ended December 31, 2016

TABLE OF CONTENTS

PART I
		Page
Item 1.	Business		4
PART I
Item 1A.	Risk Factors		12
Item 1.	Business	1
Item 1B.	Unresolved Staff Comments		18
Item 1A.	Risk Factors	5
Item 2.	Properties		18
Item 1B.	Unresolved Staff Comments	18
Item 3.	Legal Proceedings		19
Item 2.	Properties	18
Item 4.	Mine Safety Disclosures		19
Item 3.	Legal Proceedings	18
PART II
Item 4.	Mine Safety Disclosures	18
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		20
PART II
Item 6.	Selected Financial Data		20
Item 5.	Market Price and Dividends on the Registrant’s Common Equity and Related Stockholder Matters	19
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations		21
Item 6.	Selected Financial Data	19
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk		25
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 8.	Financial Statements and Supplementary Data		25
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	21
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure		25
Item 8.	Financial Statements and Supplementary Data	21
Item 9A.	Controls and Procedures		26
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	21
Item 9B.	Other Information		27
Item 9A.	Controls and Procedures	21
PART III
Item 9B.	Other Information	22
Item 10.	Directors, Executive Officers and Corporate Governance		28
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	22
Item 11.	Executive Compensation		31
PART III
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		31
Item 10.	Directors, Executive Officers and Corporate Governance	23
Item 13.	Certain Relationships and Related Transactions, and Director Independence		32
Item 11.	Executive Compensation	23
Item 14.	Principal Accounting Fees and Services		35
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	23
PART IV
Item 13.	Certain Relationships and Related Transactions and Director Independence	24
Item 15.	Exhibits, Financial Statement Schedules		37
Item 14.	Principal Accounting Fees and Services	25
PART IV
Item 15.	Exhibits, Financial Statement Schedules	40
	Signatures	41

PART I

~~ITEM~~Item 1. ~~BUSINESS.~~Business

~~Overview~~(a) Business Development

~~China Changjiang Mining & New Energy~~ The Company, ~~Ltd.~~was ~~(the~~organized ~~"Company")~~under ~~is currently in~~ the ~~development~~laws ~~stage~~of ~~with~~ the ~~goal~~State of ~~becoming~~Nevada aon ~~turnkey~~September ~~developer~~19, ~~and Engineering~~2009, ~~Procurement~~under ~~and~~its ~~Construction~~current ~~("EPC")~~name. ~~contractor~~The ofCompany ~~photovoltaic~~was ~~("PV")~~a ~~solar~~development stage ~~energy~~company ~~facilities~~with ~~("SEF").~~the Wegoal ~~intend~~of tobecoming a design, engineer, construct, market and sell high-quality PV SEFs for commercial and utility applications to local markets.

~~Before~~Prior to June 1, 2012, we were engaged in exploration for commercially recoverable metal-bearing mineral deposits. On June 1, 2012, we entered into an agreement with Xunyang Yongjin Mining Co., Ltd. to transfer our mining exploration rights for a cash payment ~~of $2,380,612 (RMB 15,000,000)~~. Further, on December 30, 2013, our subsidiary, Shaanxi Changjiang Mining & New Energy Co., Ltd ("Shaanxi Changjiang"), entered into Equity Transfer Agreements with ~~each~~officers of ~~Zhang Hong Jun, a director of~~ the Company ~~and owner of a controlling interest in the Company (holding 54.42% as of December 31~~, ~~2016),~~whereby ~~and Wang Sheng Li, a director and shareholder of~~ the Company ~~(holding 2.36% as of December 31, 2016), to sell Shaanxi Changjiang'~~’s ~~entire~~subsidiaries ~~60%~~were ~~interest~~sold ~~in Shaanxi East Mining Co~~off., Ltd., ("East Mining" and formerly referred to as "Dongfang Mining") for a total consideration of $885,696 (RMB5,400,000). The consideration payable to the Company was used to offset amounts owed to each of the acquirers. Each of the acquirers obtained 30% equity in this transaction.

~~Together~~Business operations ~~with~~for ~~Mr.~~China ~~Zhang~~Chingjiang ~~Hong~~Mining ~~Jun,~~& aNew ~~director~~Energy ofEnergy ~~the~~Co., ~~Company~~Ltd. and ~~owner~~its ofsubsidiaries awere ~~controlling~~abandoned ~~interest~~by informer ~~the~~management ~~Company, the Company established~~ and a ~~subsidiary,~~custodianship ~~named Shaanxi Weinan Changjiang Solar Photovoltaic Energy Applied Science and Technology Co.~~action, ~~Ltd~~as ~~("Changjiang~~described ~~PV"),~~in ~~to develop~~ the ~~new~~subsequent ~~solar~~paragraph, ~~energy~~was ~~business~~commenced in ~~April 2012~~2020. We ~~hold an~~The ~~indirect 51%~~Company ~~interest~~filed inits ~~Changjiang~~last ~~PV.~~10-Q ~~We and Mr. Zhang Hong Jun have invested~~ in ~~new~~2017, ~~energy~~this financial ~~industry~~report ~~for~~included ~~several~~liabilities ~~years~~and debts. ~~With~~As ~~close~~of ~~relations~~the ~~with~~date ~~government~~of ~~departments~~this ~~and extensive personal connections~~filing, wethese ~~devoted~~liabilities ~~our~~and ~~major~~debts ~~efforts~~have tonot ~~the~~been ~~solar~~addressed ~~photovoltaic~~and remain ~~downstream~~on ~~market after signing~~ the ~~mines~~Company’s ~~disposing agreement in June 2012~~books.

~~Our~~On February ~~subsidiary~~3, ~~Changjiang~~2020, PVthe Eighth District Court of Clark County, ~~concentrates~~Nevada ongranted the ~~development~~Application for Appointment of Custodian as a result of the absence of a functioning board of directors and ~~operation~~the revocation of ~~EPC~~the ~~projects~~Company’s charter. ~~Our~~The ~~first~~order ~~EPC~~appointed ~~project~~Small Cap Compliance, LLC (“SCC”) custodian with the ~~Weinan~~right ~~Hechuan~~to ~~137KWp~~appoint ~~solar~~officers PVand ~~building~~directors, ~~applications~~negotiate ~~did~~and ~~not~~compromise ~~generate~~debt, ~~any~~execute ~~revenue~~contracts, issue ~~for~~stock, ~~the~~and ~~year~~authorize ~~ended~~new ~~December~~classes ~~31,~~of ~~2016~~stock.

WeThe court ~~also~~awarded ~~hold~~custodianship ~~land use rights in a land parcel and we lease a portion of the land use rights on the 5.7 square kilometer parcel~~ to ~~Shaanxi~~Small ~~Huanghe~~Cap ~~Bay Ecological Agriculture Co.~~Compliance, ~~Ltd~~LLC (~~previously~~sole ~~Shaanxi~~member ~~Huanghe~~is ~~Bay~~Rhonda ~~Spring~~Keaveney) ~~Lake~~based ~~Park~~on ~~Co.,~~the ~~Ltd.),~~absence aof ~~company with~~ a ~~common~~functioning ~~control~~board of ~~person.~~directors, ~~The~~revocation ~~term~~ of the ~~lease~~company’s ~~agreement is from January 1~~charter, ~~2011~~and toabandonment ~~December~~of ~~31, 2029 and~~ the ~~annual rent is approximately $1~~business.2 ~~million~~At ~~(RMB~~this 7time,~~500,000).~~ ~~As of December 31, 2016, we had only received rent payments for 2011 and no payments thereafter~~Ms. ~~Due~~Keaveney towas ~~the~~appointed ~~uncertain~~sole officer ~~collectability, we decided to write off all the receivable related to land lease of $3,618,818 (equivalent to RMB 22,500,000) in FY 2015~~ and ~~decided not to recognize any revenue for the years ended December 31, 2015 and 2016~~director.

~~Our~~The Company ~~Corporate~~was ~~History~~severely delinquent in filing annual reports for the Company’s charter. The last annual report was filed on 12/31/2015 in on Form 10-K. In addition, the company was subject to Exchange Act reporting requirements including filing 10Q’s and ~~Background~~10Ks. The Company filed its last 10Q for quarter ending 6/30/2017 and was out of compliance with Exchange Act reporting. SCC attempted to contact the Company’s officers and directors through letters, emails and phone calls, with no success.

~~The~~SCC was ~~Company is the result of~~ a ~~2008~~shareholder ~~share~~in ~~exchange~~the ~~transaction~~Company ~~among: (i) North American Gaming~~ and ~~Entertainment~~applied ~~Corporation,~~to athe ~~Delaware~~Court ~~corporation~~for ~~("North~~an ~~American");~~Order ~~(ii)~~appointing ~~Shaanxi~~SCC ~~Changjiang~~as ~~Petroleum~~the ~~& Energy Development Stock Co~~Custodian., ~~Ltd.~~This ~~("CJP"),~~application awas ~~limited~~for ~~liability company established and existing under~~ the purpose ~~law~~ of ~~People'~~reinstating CHYL’s ~~Republic~~corporate ofcharter ~~China;~~to ~~and~~do ~~(iii)~~business ~~the~~and ~~shareholders~~restoring ofvalue ~~CJP,~~to ~~among whom~~ the ~~predominant~~Company ~~shareholder,~~for ~~holding~~the ~~97.2%~~benefit of ~~CJP's shares, was a Hong Kong company, Hong Kong Wah Bon Enterprise Limited ("Wah Bon"). After completion of~~ the ~~share exchange transaction, the Company entered into a reverse merger with North American~~stockholders.

4SCC performed ~~Table~~the offollowing ~~Contents~~actions in its capacity as custodian:

At· ~~the~~Funded ~~time~~any expenses of the ~~share~~company ~~exchange~~including ~~transaction,~~paying ~~CJP~~off ~~owned~~outstanding ~~60%, and the Company continues to control, Shaanxi East Mining Co., Ltd., ("East Mining") which held the Chinese exploration license through which we pursued our exploration activity.~~ liabilities

~~The~~· ~~share~~Brought ~~exchange was completed on February 4, 2008, resulting in~~ the ~~shareholders~~Company ofback ~~CJP~~into ~~controlling~~compliance ~~approximately~~with ~~96% of~~ the ~~equity~~Nevada ~~ownership~~Secretary of ~~North American. At the time of the closing of the share exchange~~State, ~~North~~resident ~~American was a shell company domiciled in Delaware which filed reports under the Exchange Act and whose shares traded in the U.S. over-the-counter market. Wah Bon caused its subsidiary~~agent, ~~CJP,~~transfer to pay $370,000 in cash, and Wah Bon delivered shares constituting 97.2% of the outstanding equity of CJP, in exchange for 3,800,000 shares of North American common stock and 500,000 shares of Series C Preferred Stock of North American, which originally were entitled to 1,218 votes per share. Two U.S. individuals, through their advisory company, Capital Advisory Services, Inc., were paid in the aggregate 4,500,000 shares of North American. In June 2008, CJP changed its name to "Shaanxi Changjiang Mining &New Energy Co., Ltd ("Shaanxi Changjiang")."agent

~~Following~~· ~~the~~Appointed ~~share~~officers ~~exchange~~and ~~transaction,~~directors ~~Wah~~and ~~Bon~~held ~~replaced~~a ~~North~~shareholders ~~American's Board of Directors.~~meeting

China Changjiang Mining & New Energy Company, Ltd. was incorporated in the state of Nevada on September 19, 2008 for the purposes of re-domesticating the Company from Delaware to Nevada, adopting the Company's current name, and to serve as the surviving company of a reverse merger with North American.1

~~Pursuant~~SCC paid ~~to Articles of Merger filed with~~ the ~~Secretary~~following ofexpenses ~~the State of the State of Nevada~~ on ~~December~~behalf ~~4, 2008 and the Secretary~~ of the ~~State of Delaware on April 2, 2009, North American was merged with and into the Company, with the Company being the surviving entity.~~company:

OnNevada Secretary ~~February 9, 2010, we filed a Certificate~~ of ~~Amendment~~State ~~to our Articles of Incorporation to effect a 1-~~for~~-10~~ ~~reverse~~reinstatement ~~stock split~~ of ~~our~~the ~~common stock~~Company, ~~subject to FINRA approval. The 1-for-10 reverse split was approved by FINRA on July 30~~$5, ~~2010, effective August 2, 2010.~~ 675

~~On September 15~~Transfer agent, ~~2010,~~Island ~~the Company filed with the Nevada Secretary of State a Certificate of Designation and a Certificate of Conversion and Elimination of the Series C Convertible Preferred~~ Stock, ~~pursuant to which: (i) all shares of our Series C Preferred Stock were converted into shares of common stock at a rate of 1~~Transfer,~~218~~ ~~shares of common stock for each outstanding share of Series C Preferred Stock; and (ii) we canceled and eliminated the Series C Preferred Stock. In the aggregate~~$6, ~~the outstanding shares of the Company's Series C Preferred Stock were converted into 609 million shares of common stock.~~500

~~As a result of these transactions, we currently have 250,000,000 authorized shares of common stock, par value $0.01 per share, of which 64,629,559 shares are issued~~ Amended and ~~outstanding~~Restated onArticles ~~the date~~ of ~~this~~Incorporation ~~annual~~for ~~report, and 10,000,000 authorized shares of preferred stock, of which no shares are presently issued and outstanding. At~~ the ~~time our share exchange transaction was completed~~Company, ~~approximately 96% of the outstanding shares of North American were owned by Wah Bon~~$175. ~~See Item 12, "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters~~00."

WeUpon appointment ~~established~~as acustodian ~~subsidiary,~~of ~~named~~CHJI ~~Shaanxi~~and ~~Weinan~~under ~~Changjiang~~its ~~Solar~~duties ~~Photovoltaic~~stipulated ~~Energy~~by ~~Applied~~the ~~Science~~Nevada ~~and~~court, ~~Technology~~SCC ~~Co.,~~took ~~Ltd~~initiative to organize the business of the issuer. ~~("Changjiang~~As ~~PV")~~custodian, inthe ~~April~~duties ~~2012~~were to ~~develop~~conduct daily business, hold shareholder meetings, appoint officers and directors, reinstate the ~~new~~company ~~solar~~with ~~energy~~the ~~business~~Nevada Secretary of State. ~~Our~~SCC ~~subsidiary,~~also ~~Shaanxi~~had ~~Changjiang~~authority to enter into contracts and find a suitable merger candidate. SCC was compensated for its role as custodian in the amount of 1,000,000 ~~owns 51%~~shares of ~~Changjiang~~Convertible ~~PV,~~Series ~~and~~C MrPreferred Stock. ~~Zhang~~SCC ~~Hong~~did ~~Jun~~not receive any additional compensation, in the ~~actual~~form ~~controller~~of cash or stock, ~~owns~~ ~~the~~for ~~other~~custodian ~~49%~~services. The custodianship was discharged on May 18, 2020.

On August ~~December 30~~23, ~~2013~~2020, weSCC ~~transferred~~entered ~~all~~into ofa ~~the~~Stock ~~60%~~Purchase ~~equity~~Agreement ofwith ~~East~~Bridgeview ~~Mining~~Capital toPartners, ~~our~~LLC ~~common~~whereby ~~control~~Bridgeview ~~person~~Capital Partners, LLC ~~Mr.~~purchased ~~Zhang~~1,000,000 ~~Hong~~shares ~~Jun~~of ~~and~~Convertible ~~one~~Series ofC ~~the~~Preferred ~~shareholders, Mr~~Stock. ~~Wang~~These ~~Sheng~~shares Lirepresent ~~with~~the acontrolling ~~consideration~~block of ~~$885,696~~stock. ~~(RMB 5,400,000)~~Ms. ~~Each~~Keaveney resigned his position of ~~the~~sole ~~acquirers~~officer ~~obtained~~and ~~30%~~director ~~equity~~and ofappointed ~~East~~Dr. ~~Mining~~Chongyi inYang ~~this~~as ~~transaction~~CEO, Treasurer, Secretary, and Director of the Company.

~~Shaanxi~~Bridgeview Capital ~~Changjiang held 20% equity of Shaanxi Changjiang Electricity & New Energy Co.~~Partners, ~~Ltd~~LLC ~~from~~is ~~2008,~~controlled ~~with~~by anMichael ~~investment~~Dobbs ~~cost of $315,658 (RMB 2, 000,000)~~ and ~~impairment~~Sean ~~of $183,429 was provided at the year ended December 31, 2013~~Lanci. ~~On December 31, 2014 Shaanxi Changjiang disclaimed this 20% equity interest in exchange for a waiver of the debt of $201,899 owed to Shaanxi Changjiang Electricity & New Energy Co., Ltd.~~

5On August ~~Table~~23, 2020, Bridgeview Capital Partners, LLC entered into a Stock Purchase with Cathay Capital Management Inc. (“Cathay”) whereby Cathay purchased 1,000,000 shares of ~~Contents~~Convertible Series C Preferred Stock. Chongyi Yang is the control person for Cathay.

~~Our~~We are ~~organization~~currently ~~chart~~a shell company, as ofdefined ~~December~~in ~~31,~~Rule ~~2016~~405 isunder ~~illustrated~~the Securities Act of 1933, as ~~follows~~amended (the “Securities Act”), and Rule 12b-2.

~~Industry~~(b) Business ~~overview~~of Issuer

~~Solar~~China Changjiang ~~photovoltaic~~Mining ~~energy~~& isNew anEnergy ~~emerging~~Co., ~~clean~~Ltd. ~~energy~~is ~~industry with~~ a ~~growing~~developmental ~~market~~stage ~~share.~~company, ~~The~~incorporated ~~global~~under ~~solar~~the PVlaws ~~market~~of ~~has~~the ~~grown~~State ~~from~~of ~~6.1~~Nevada ~~Gigawatt~~on September ~~("GW")~~19, ~~in 2008 to an estimated 49~~2009.~~7GW~~ inOur ~~2014~~plan ~~but with imbalanced development. Application~~ of ~~solar~~business ~~energy~~has innot ~~developed~~been ~~countries~~implemented ~~such~~but aswill ~~Germany~~incorporate ~~and~~exploration, ~~Japan~~development, ~~are relatively comprehensive~~ and ~~mature.~~sales Atof ~~the~~crude ~~present time~~oil, as ~~the~~well ~~Chinese~~as PVconducting ~~downstream~~industry ~~market~~analysis isrelated ~~still~~to in the ~~initial~~petroleum ~~stages of development, though most of the PV modules are manufactured in China~~industry.

~~In the past year~~At present, ~~China's~~we ~~solar~~have PVnot ~~module~~implemented ~~manufacturers~~our ~~were~~business ~~hit~~plan ~~by the European Union~~ and ~~the~~financial ~~United~~revenue ~~States~~has ~~anti-dumping~~not ~~sanctions.~~yet ~~Businesses~~been ~~and governments are trying to find better alternative applications market to absorb the huge domestic surplus solar PV capacity~~realized. The ~~untapped~~Company ~~domestic~~hopes PVto ~~downstream~~raise ~~market~~capital in isorder ~~one of the best ways~~ to ~~absorb~~fund the ~~surplus production capacity~~project.

~~The~~All statements ~~Chinese~~involving ~~government~~our isbusiness ~~encouraging~~plan ~~the~~are ~~construction~~forward oflooking astatements ~~large PV base~~ and ~~the~~have ~~development~~not ofbeen ~~distributed~~implemented ~~photovoltaic.~~as ~~Currently, we mainly focus on the development~~ of ~~distributed~~this ~~photovoltaic power generation projects~~filing.

ItThe Company ~~was~~is ~~estimated~~moving ~~that,~~in bya ~~2020~~new direction, ifstatements ~~the~~made ~~Building~~relating ~~Integrated~~to PVour ~~("BIPV")~~business ~~would~~plan beare ~~applied~~forward ~~for~~looking ~~10%~~statements ofand ~~the~~we ~~roof~~have ~~area~~no ~~and 15%~~ history of ~~the~~performance. ~~facade~~Current ~~area~~management indoes ~~the~~not ~~existing~~have ~~and~~any experience ~~new buildings~~ in ~~China,~~these ~~the~~industries ~~potential~~but ~~market~~is ofactively ~~BIPV~~looking ~~applications~~for ~~would~~a ~~reach~~suitable ~~1000GW,~~person ~~equivalent~~ to 45incorporate ~~new~~into ~~installed capacity of~~ the ~~Three~~management ~~Gorges Hydropower Station~~team.

~~Since~~We feel ~~the~~that ~~first~~our ~~half~~business ofplan ~~2012,~~addresses the ~~supply~~need ~~and~~for ~~demand~~additional ofdevelopment ~~silicon~~ in the ~~international~~mining ~~market~~industry ~~has undergone great changes, resulting in obvious decline in the cost~~ of ~~solar~~oil ~~modules.~~and ~~With the declining cost of solar modules from RMB 15 to RMB 6 per watt, the cost of PV power generation was significantly reduced~~gas.

We believe the next few years will show protracted continued growth in the PV solar market. Government policies, in the form of both regulation and incentives, have accelerated the adoption of solar technologies by businesses and consumers and have provided opportunities for developers to construct PV systems as an alternative to more traditional forms of power generation.2

6China’s oil ~~Table~~industry is regulated by the People’s Republic of ~~Contents~~China under the Mineral Resources Law. The Company will follow all prescribed regulation.

~~Our~~The Company ~~Industry~~intends to implement its business plan upon raising capital. Subject to available capital, the oil and ~~Principal~~gas ~~Market~~extraction industry can be classified into four major categories:

~~Sales and Marketing~~Exploration

We· ~~have~~search ~~established~~for arock ~~sales~~formations ~~and~~associated ~~marketing department which is focused on identifying and establishing relationships~~ with ~~entities~~oil ~~that~~or ~~are~~natural ~~likely~~gas ~~to have a need for our products and services.~~deposits

~~Our~~· ~~products~~geophysical ~~and~~prospecting ~~services are expected to be largely represented through our Company's sales force located in Xi'an City~~ and/or ~~Weinan~~exploratory ~~City, Shaanxi Province, China.~~drilling

~~Current Business Operations~~Well Development

At· ~~the~~construction ~~present~~of ~~time,~~one ~~our~~or ~~focus~~more iswells onfrom ~~serving~~ the ~~local solar PV generation market.~~ beginning

According to the national policy and because of the favorable market conditions, Weinan City is to develop photovoltaic power generation demonstration area. Weinan city is a prosperous city, adjacent to the capital of Shaanxi province, Xian city. With rich solar radiation and developed business in the Northwest, Weinan city took advantage to accelerate the development of the distributed solar PV.Production

We· ~~established~~process aof ~~subsidiary,~~extracting ~~named~~the ~~Shaanxi~~hydrocarbons ~~Weinan~~and ~~Changjiang~~separating ~~Solar~~the ~~Photovoltaic~~mixture ~~Energy~~of ~~Applied~~liquid ~~Science~~hydrocarbons, ~~and~~gas, ~~Technology~~water, ~~Co.~~and solids, ~~Ltd.~~removing ~~("Changjiang~~the ~~PV"),~~constituents inthat ~~April~~are ~~2012~~non-saleable, toand ~~develop~~selling the ~~local~~liquid ~~distributed~~hydrocarbons ~~solar~~and ~~PV business.~~gas

~~The following chart illustrates our distributed solar PV business model.~~Site Abandonment

In· ~~September~~plugging ~~2012,~~the ~~Changjiang PV entered into an agreement with Shaanxi Changling Solar Energy & Electric Co., Ltd~~ well(~~"Changling"~~s) toand ~~outsource~~restoring the ~~construction~~site ofwhen a ~~solar~~recently-drilled ~~energy~~well ~~project~~lacks ~~located~~the inpotential ~~Huanghe~~to ~~Bay~~produce ~~Springs~~economic ~~Lake~~quantities ~~Theme~~of ~~Park.~~oil ~~The~~or ~~project~~gas, ~~with~~or when a ~~total~~production ~~contract~~well ~~amount~~is ofno ~~$310,548,~~longer ~~was~~economically ~~completed by the year end of 2012.~~viable

~~The~~In applying ~~project~~the ~~was~~foregoing ~~designed~~criteria, management will attempt to ~~generate~~analyze ~~electricity~~all ~~preferentially~~factors ~~for~~and ~~Huanghe,~~circumstances and ~~sell~~make ~~the~~a ~~surplus~~determination ~~power~~based toupon reasonable ~~the~~investigative ~~grid~~measures ~~company~~and available data. WeDue ~~have~~to ~~received~~our ~~the~~limited ~~subsidy~~capital ~~funds~~available offor ~~$159~~investigation,~~096~~ ~~(RMB~~we ~~1,000,000)~~may ~~from~~not ~~the~~discover ~~local~~or adequately ~~government~~evaluate ~~for~~adverse facts about the ~~project~~opportunity into ~~December,~~be ~~2012~~acquired. ~~For~~Additionally, ~~the~~we ~~year~~will ~~ended~~be ~~December~~competing 31against other entities that may have greater financial, ~~2016~~technical, ~~Huanghe~~and ~~Bay~~managerial ~~Project~~capabilities ~~did~~for ~~not~~identifying ~~generate~~and ~~any~~completing ~~revenue~~our business plan.

We are ~~also~~unable ~~hold~~to ~~land~~predict ~~use~~when ~~rights~~we ~~in a 5.7 square kilometer parcel located in Huanghe Nantan~~will, ~~Heyang~~if ~~County~~ever, inidentify ~~the~~and ~~Shaanxi~~enter ~~Province~~into ofany ~~China.~~definitive ~~And~~agreement wewith ~~lease~~buyers ~~a portion~~ of ~~the~~our ~~land~~product. ~~use~~We ~~rights~~anticipate that onproposed ~~the~~business ~~5.7~~plan ~~square~~would ~~kilometer~~be ~~parcel~~made available to ~~Shaanxi~~us ~~Huanghe~~through ~~Bay~~personal ~~Ecological~~contacts ~~Agriculture~~of ~~Co.~~our directors, ~~Ltd~~officers ~~(previously~~and ~~Shaanxi~~principal ~~Huanghe~~stockholders, professional ~~Bay Spring Lake Park Co.~~advisors, ~~Ltd.)~~broker-dealers, aventure ~~company~~capitalists, ~~with~~members ~~a common control person. The term~~ of the ~~lease~~financial ~~agreement~~community ~~is from January 1, 2011 to December 31, 2029~~ and ~~the~~others ~~annual~~who ~~rent~~may ispresent ~~approximately $1~~unsolicited proposals.2 ~~million~~In ~~(RMB~~certain 7cases,~~500,000).~~ ~~As of December 31, 2016,~~ we ~~had~~may ~~only~~agree ~~received rent payments for 2011 and no payments thereafter. Due~~ to ~~the~~pay ~~uncertain~~a ~~collectability,~~finder’s wefee ~~decided~~or to ~~write~~otherwise ~~off~~compensate ~~all~~ the ~~receivable~~persons ~~related~~who tointroduce ~~land~~the ~~lease of $3,618,818 (equivalent~~ Company to ~~RMB~~business ~~22,500,000)~~opportunities in FYwhich ~~2015~~we ~~and decided not to recognize any revenue for the years ended December 31, 2015 and 2016~~participate.

7As of ~~Table~~the time of ~~Contents~~this filing, the Company has not implemented its business plan.

~~Solar~~We expect PVthat ~~Industry~~our due diligence will encompass, among other things, meetings with incumbent management of the target business and inspection of its facilities, as necessary, as well as a review of financial and other information, which is made available to the Company. This due diligence review will be conducted either by our management or by third parties we may engage. We anticipate that we may rely on the issuance of our common stock in lieu of cash payments for services or expenses related to any analysis.

~~General~~3

~~Though~~We may weincur ~~may~~time beand acosts ~~new~~required ~~participant~~to inselect ~~solar~~and PVevaluate ~~industry~~our business structure and complete our business plan, wewhich ~~also~~cannot ~~realized~~presently be ~~that~~determined with any degree of certainty. Any costs incurred with respect to the ~~local~~indemnification ~~downstream~~and ~~market~~evaluation of ~~solar~~a PVprospective ~~industry~~mining venture ~~was~~that asis ~~new~~not asultimately wecompleted ~~are.~~may ~~Experience~~result in ~~some~~a ~~developed~~loss ~~countries~~to ~~has~~the ~~shown~~Company. ~~that~~These ~~there~~fees ~~should~~may beinclude alegal ~~business~~costs, ~~opportunity~~accounting incosts, ~~China'~~finder’s fees, PVconsultant’s ~~downstream~~fees ~~market~~and inother ~~the~~related ~~near~~expenses. ~~future~~We have no present arrangements for any of these types of fees.

~~Each~~We anticipate ofthat ~~our~~the ~~EPC~~investigation ~~projects~~of isspecific abusiness ~~strategic~~opportunities ~~long-term~~and ~~investment~~the negotiation, ~~with~~drafting ~~relatively~~and ~~low~~execution ~~risk~~of relevant agreements, disclosure adocuments ~~stable~~and ~~cash~~other ~~inflow~~instruments ~~can~~will berequire ~~generated~~substantial management time and ~~little~~attention ~~ongoing~~and ~~maintenance~~substantial ~~costs~~cost ~~would~~for accountants, attorneys, consultants, and others. Costs may be incurred ~~once~~in the ~~project~~investigation ~~begins~~process, ~~operations~~which may not be recoverable. Furthermore, even if an agreement is reached for the participation in a specific business opportunity, the failure to consummate that transaction may result in a loss to the Company of the related costs incurred.

Competition

WeOur company ~~anticipate~~expects ~~that~~to ~~our~~compete ~~competitors~~in in the ~~solar~~oil PVand ~~markets~~gas industry. We will becompete ~~local~~in ~~and~~global ~~regional~~markets ~~EPC~~where ~~contractors~~countries such the USA, Saudi Arabia, and ~~developers~~Canada out produce China in oil production. ~~Other~~In ~~companies~~addition, there are several competitors in China that ~~engage~~are inlarger ~~solar~~and PVmore ~~power~~profitable than ~~generation~~CHJI. We expect that wethe ~~consider~~quantity toand becomposition ~~likely~~of ~~competitors,~~our ~~include:~~competitive ~~Xi'an~~environment ~~Huanghe~~will ~~Photovoltaic~~continue ~~Technology~~to ~~Co.,~~evolve ~~Ltd~~as the industry matures. Additionally, ~~Shaanxi~~increased ~~Tuori~~competition ~~New~~is ~~Energy~~possible ~~Technology~~to ~~Limited,~~the extent that new geographies enter the marketplace as a result of continued enactment of regulatory and ~~Shaanxi~~legislative ~~Changling~~changes. ~~Electric~~We Cobelieve that diligently establishing and expanding our funding sources will establish us in an already established industry. Additionally, ~~Ltd~~we expect that establishing our product offerings on new platforms are factors that mitigate the risk associated with operating in a developing competitive environment. Additionally, ~~etc.~~the ~~These~~contemporaneous ~~competitors~~growth ~~have~~of ~~more~~the ~~experience~~industry as a whole will result in new customers entering the ~~operation~~marketplace, ofthereby ~~solar~~further PVmitigating ~~energy~~the ~~and~~impact ~~have~~of ~~superior~~competition ~~financial~~on ~~resources~~our ~~than~~future operations weand doresults.

~~The~~Compliance with ~~entire~~oil ~~solar~~and ~~industry~~gas ~~also~~standards ~~faces~~will ~~competition~~increase ~~from~~development ~~other~~costs ~~power generation sources, both conventional sources as well as other emerging technologies. Solar power has certain advantages~~ and ~~disadvantages when compared to other power generating technologies. The advantages include~~ the ~~ability~~cost toof ~~deploy~~ products sold in ~~many~~the ~~sizes~~retail ~~and~~market. ~~configurations,~~In ~~provide reliable power for many applications~~turn, ~~serve~~we asmay ~~both~~not abe able ~~power~~to ~~generator~~meet ~~and~~ the ~~skin~~competitive ofprice apoint ~~building~~dictated ~~and~~by ~~eliminate~~the ~~air,~~market ~~water~~ and ~~noise~~our ~~emissions~~competitors. ~~The disadvantages mainly came from the relatively high cost of power generation.~~

~~The~~Again, these ~~cost~~are offorward ~~electricity~~looking ~~generated~~statements byand PVnot ~~products~~an ~~currently~~indication ~~is very close to the cost~~ of ~~electricity~~past ~~generated from conventional power such as coal and hydropower in Chinese markets~~performance. AThere ~~significant~~is ~~reduction~~no inguarantee ~~the~~that ~~scope~~we orwill ~~discontinuation~~be ofable ~~government~~to ~~incentive programs could cause demand for~~ implement our ~~products~~business ~~and~~plan, ~~our revenue to decline~~however, ~~and~~we have a ~~material~~merger ~~adverse~~candidate, ~~effect~~Inner Mongolia onHongyuan ~~our~~Fengtai ~~business,~~Resources ~~financial~~Development ~~condition~~Co., ~~results~~Ltd. ~~of operations and prospects~~(“IMHF”).

AsFounded on anJuly ~~emerging~~19, ~~industry~~2006 and located in New Baolage Town, Xianghuang Banner, Inner Mongolia Hongyuan Fengtai Resources Development Co., Ltd. (Hongfeng) is a limited liability company focusing on energy investment. The company is currently engaged in the ~~rapid~~exploration, ~~growth~~development, and sales of crude oil, as well as conducting industry analysis related to the ~~solar~~petroleum PVindustry. ~~could~~The ~~reduce~~company’s business can be defined as conducting the ~~intensity~~midstream exploration and development (exploitation) in the petroleum industry. Government protection set up has high barriers for potential competitors to entry. Hongfeng has an operating team of ~~competition~~the ~~from~~top ~~alternative~~crude ~~products~~oil extraction experts with overseas management experience. With fully automated mining equipment and ~~services~~regular maintenance, the company keeps safe (no operating accident in 14 years) and high efficiency at the same time.

In the near term, mature government subsidy roadmaps from the government have led developers to be aggressive with their solar installations so that they can enjoy better economic returns. Cost reductions of solar installations have proven to be viable and have also led to aggressive solar installation. In the long run, we believe that solar energy continues to have significant future growth potential and that demand for our products and services will continue to grow significantly for the following reasons:4

~~· increasing demand for renewable energies, including solar energy, due to the finiteness~~ Effect of ~~fossil~~Existing ~~fuels and concerns over nuclear power; · increasing environmental awareness leading to regulations and taxes aimed at limiting emissions from fossil fuels; · continued adoption~~ or ~~maintenance~~Probable ofGovernmental ~~government~~Regulations ~~incentives~~on ~~for solar energy at all level of Chinese government; · narrowing cost differentials between solar energy and conventional energy sources due to market-wide decreases in~~ the average selling prices for PV products driven by lower raw materials costs and increased production efficiencies; and · continued improvements in the conversion efficiency of PV products leading to lower costs per watt of electricity generated, making solar energy more efficient and cost-effective.Business

Upon effectiveness of this Form 10, we will be subject to the Exchange Act and the Sarbanes-Oxley Act of 2002. Under the Exchange Act, we will be required to file with the SEC annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. ~~Table~~The Sarbanes-Oxley Act creates a strong and independent accounting oversight board to oversee the conduct of ~~Contents~~auditors of public companies and to strengthen auditor independence. It also (1) requires steps be taken to enhance the direct responsibility of senior members of management for financial reporting and for the quality of financial disclosures made by public companies; (2) establishes clear statutory rules to limit, and to expose to public view, possible conflicts of interest affecting securities analysts; (3) creates guidelines for audit committee members’ appointment, and compensation and oversight of the work of public companies’ auditors; (4) prohibits certain insider trading during pension fund blackout periods; and (5) establishes a federal crime of securities fraud, among other provisions.

~~Government~~We will also be subject to Section 14(a) of the Exchange Act, which requires all companies with securities registered pursuant to Section 12(g) of the Exchange Act to comply with the rules and regulations of the SEC regarding proxy solicitations, as outlined in Regulation 14A. Matters submitted to our stockholders at a special or annual meeting thereof or pursuant to a written consent will require us to provide our stockholders with the information outlined in Schedules 14A or 14C of Regulation 14A. Preliminary copies of this information must be submitted to the SEC at least 10 days prior to the date that definitive copies of this information are provided to our stockholders.

~~This~~We are ~~section~~also ~~sets~~subject ~~forth~~to asubpart ~~summary~~1300 of Regulation S-K, based on the ~~most~~Committee ~~significant~~for ~~regulations~~Mineral orReserves ~~requirements~~International ~~that~~Reporting ~~affect~~Standards ~~our~~(CRIRSCO). All ~~business~~SEC ~~activities~~reporting incompanies, ~~China~~other than those who file under the Canada-U.S. Multijurisdictional Disclosure System (MJDS), will be required to comply with the new rules for their first fiscal year beginning on or after January 1, 2021.

~~Regulations~~ Lastly, we ~~issued~~are oralso ~~implemented~~subject byto the ~~State~~People’s ~~Council,~~Republic of China's ~~National~~under ~~Development~~the ~~and~~Mineral ~~Reform~~Resources ~~Commission~~Law ~~("NDRC"),~~many ~~and~~ other ~~relevant~~China ~~government~~regulatory ~~authorities~~agencies. ~~cover~~The Mineral ~~many~~Resources ~~aspects~~Law oversees the area of ~~new~~developing ~~energy~~the oil industry, ~~including~~promoting the exploration, development, ~~but~~utilization ~~not~~and ~~limited~~protection toof mineral resources and ensuring the ~~following~~present ~~principal~~and ~~regulations:~~long-term needs of the socialist modernization program.

~~Renewable Energy Law~~Employees

OnAs of ~~December 26~~March 31, ~~2009~~2021, ~~China~~we ~~revised~~had ~~its~~one ~~Renewable~~officer ~~Energy~~and ~~Law,~~no ~~which~~employees. ~~originally~~We ~~became~~anticipate ~~effective~~that onwe ~~January 1,~~will ~~2006.~~begin ~~The~~to ~~revised~~fill ~~Renewable~~out ~~Energy~~our ~~Law~~management ~~became~~team ~~effective~~as onand ~~April 1~~when we raise capital to begin implementing our business plan. In the interim, ~~2010~~we will utilize independent consultants to assist with accounting and ~~has~~administrative ~~laid~~matters. ~~the~~We ~~legal~~currently ~~foundation~~have ~~for~~no ~~developing~~employment ~~renewable~~agreements ~~energy~~and inbelieve ~~China~~our consulting relationships are satisfactory. We plan to continue to hire independent consultants from time to time on an as-needed basis.

~~Renewable~~Item ~~Energy~~1A. ~~Law~~Risk ~~clearly stipulates the following principles for the development of new energy:~~Factors

·Risks Relating To encourage and support the use of solar and other renewable energy and the use of on-grid generation. · To encourage the installation and use of solar energy water-heating systems, solar energy heating and cooling systems, solar PV systems and other solar energy utilization systems. · To authorize the relevant pricing authorities to ~~set~~Our favorable prices for the purchase of electricity generated by solar and other renewable power generation systems. · To provide financial incentives, such as national funding, preferential loans and tax preferences for the development of renewable energy projects.Business

~~Government~~Our business ~~Directives~~plan involves a number of very significant risks. Our future business, operating results and financial condition could be seriously harmed as a result of the occurrence of any of the following risks. You could lose all or part of your investment due to any of these risks. You should invest in our common stock only if you can afford to lose your entire investment.

InOur officers ~~January 2006,~~and ~~the~~directors ~~NDRC~~reside ~~promulgated~~outside ~~two~~the ~~implementation~~United ~~directives~~States, investors ofmay ~~the~~have ~~Renewable~~limited ~~Energy~~legal ~~Law.~~recourse ~~These~~against ~~directives~~them ~~set~~including ~~forth~~difficulties ~~specific measures~~ in ~~setting~~enforcing ~~prices~~judgments ~~for~~made ~~electricity~~against ~~generated~~them by ~~solar~~U.S. ~~and~~courts. There ~~other~~is ~~renewal~~neither ~~power~~treaty ~~generation~~nor ~~systems~~any ~~and~~reciprocal inarrangement ~~sharing~~between ~~additional~~China ~~expenses occurred. The directives further allocate the administrative~~ and ~~supervisory authorities among different government agencies at~~ the ~~national~~United ~~and~~States ~~provincial~~regarding ~~levels~~recognition ~~and~~or ~~stipulate~~enforcement ~~responsibilities~~ of ~~electricity grid companies and power generation companies with respect to the implementation of the Renewable Energy Law~~civil judgments.

China's Ministry of Construction issued a directive in June of 2005, which seeks to expand the use of solar energy in residential and commercial buildings and encourages the increased application of solar energy in townships. In addition, China's State Council promulgated a directive in June of 2005, which sets forth specific measures to conserve energy resources and encourage exploration, development and use of solar energy in China's western areas, which are not fully connected to electricity transmission grids, and other rural areas.5

InRisks Related ~~July 2007,~~to the ~~PRC~~Company’s ~~State~~Organizational Electricity Regulatory Commission issued the Supervision Regulations on the Purchase of All Renewable Energy by Power Grid Enterprises which became effective on September 1, 2007. To promote the use of renewable energy for power generation, the regulations require that electricity grid enterprises must in a timely manner set up connections between the grids and renewable power generation systems and purchase all the electricity generated by renewable power generation systems. The regulations also provide that power dispatch institutions shall give priority to renewable power generation companies in respect of power dispatch services provision.Structure

9The Company ~~Table~~is currently organized under the operating structure of ~~Contents~~the public entity, China Changjiang Mining & New Energy Co., Ltd., incorporated in the state of Nevada. CHJI plans to conduct operations in China and may acquire Chinese companies as subsidiaries to carry out its plan of operation. The VIE structure provides contractual exposure to foreign investment in such companies. The Company is not currently organized under a Variable Interest Entity (VIE) however, we may decide to implement a VIE structure in the future. The disclosed risks or events are only applicable if we decide to implement a VIE structure.

~~On September 4, 2006,~~ China'’s Foreign ~~Ministry~~Investment ofLaw ~~Finance~~(FIL) ~~and~~may ~~Ministry~~prohibit ofdirect ~~Construction~~foreign ~~jointly~~investment ~~promulgated the Interim Measures for Administration of Special Funds for Application of Renewable Energy~~ in ~~Building~~Chinese ~~Construction,~~operating ~~which~~companies ~~provides~~moving that the Ministry of Finance will arrange special funds to support the application of renewable energy in building construction in order to enhance building energy efficiency, protect the ecological environment and reduce the consumption of fossil energyforward. These special funds provide significant support for the application of solar energy in hot water supply, refrigeration and heating, PV technology and lighting integrated into building construction materials.

OnForeign investors ~~October 28,~~are ~~2007,~~permitted ~~the Standing Committee of the National People's Congress adopted amendments~~ to ~~the~~own ~~PRC~~equity ~~Energy-saving~~in ~~Law,~~companies ~~which~~incorporated ~~sets forth policies to encourage the conservation of energy~~ in ~~manufacturing,~~Nevada ~~civic~~but ~~buildings,~~not ~~transportation,~~permitted ~~government agents and utilities sectors. The amendments also seek~~ to ~~expand~~own ~~the~~equity ~~use of the solar energy~~ in ~~construction~~our ~~areas~~contemplated Chinese entities.

InWe will ~~March 2009,~~continue ~~China's~~to ~~Ministry~~monitor ~~of Finance promulgated~~ the ~~Interim~~changes ~~Measures for Administration of Government Subsidy Funds for Application of Solar Photovoltaic Technology~~ in ~~Building Construction~~FIL, ~~or the Interim Measures, to support the demonstration~~ and ~~the~~CHJI ~~promotion~~may ofconsider ~~solar~~migrating ~~PV applications in China. Local governments are encouraged~~ to ~~issue~~a ~~and~~VIE ~~implement~~structure ~~supporting policies for the development of solar PV technology. These Interim Measures set forth subsidy funds set at RMB 20 per watt for 2009~~ to ~~cover~~continue ~~solar~~receiving PVparticipation ~~systems~~from foreign ~~integrated into building construction that have a minimum capacity of 50 kilowatt peak~~investors.

InCHJI does ~~April 2009,~~not ~~the~~use ~~Ministry~~a ofVIE ~~Finance~~structure ~~and~~at ~~the~~this ~~Ministry~~time ~~of Housing~~ and ~~Urban-Rural Development jointly issued~~ the ~~"Guidelines~~following ~~for~~implications ~~Declaration~~ of ~~Demonstration~~operating ~~Project~~under ofa ~~Solar~~VIE ~~Photovoltaic~~structure ~~Building~~do ~~Applications."~~not ~~These~~apply ~~guidelines~~to ~~created~~us. aHowever, if ~~subsidy~~we ofdecide up to ~~RMB~~implement 20a ~~per~~VIE ~~watt~~structure ~~for~~moving ~~building~~forward, ~~integrated~~as discussed PVin ordetail ~~BIPV~~below, ~~projects~~the ~~using~~value ~~solar-integrated~~of ~~building~~our ~~materials~~common ~~and~~stock ~~components~~may ~~and~~decline upor tobecome ~~RMB~~worthless, 15and ~~per~~the ~~watt~~shareholder ~~for~~could ~~BIPV~~lose ~~projects~~their ~~using solar-integrated materials for rooftops or walls~~entire investment.

InOur contemplated ~~July 2010,~~VIE ~~the~~structure ~~Ministry~~would consist of ~~Housing~~at ~~and~~least ~~Urban-Rural~~three ~~Development~~core ~~issued~~entities: ~~the~~a ~~"City~~Chinese ~~Illumination~~company ~~Administration~~with ~~Provisions"~~legitimate oroperations ~~the~~(referred ~~Illumination~~to ~~Provision.~~as contemplated ~~The~~the ~~Illumination~~VIE); ~~Provisions~~a ~~encourage~~wholly ~~the~~foreign-owned ~~installation~~enterprise ~~and~~established ~~use~~as ofan ~~renewable~~intermediary ~~energy~~in ~~system~~China; ~~such~~and asan PVoffshore ~~systems~~shell incompany ~~the~~that lists ~~process~~on ofa ~~construction~~U.S. ~~and~~or ~~re-construction~~other offoreign ~~city illumination projects~~exchange.[2]

OnCourts are ~~March 8,~~unlikely ~~2011,~~to enforce the ~~Ministry~~contracts and VIE contracts have not been tested in a court of ~~Finance~~law. ~~and~~Because the ~~Ministry~~value of ~~Housing~~the ~~and~~offshore ~~Urban-Rural~~shell company ~~Development~~derives ~~jointly~~from ~~promulgated~~its ability to consolidate the ~~Notice~~Chinese VIE on ~~Further~~its ~~Application~~financial statements, losing the VIE as a result of ~~Renewable~~breached ~~Energy~~contracts (or ingovernment ~~Building~~enforcement) ~~Construction~~would significantly devalue shareholders’ investments. CHJI does not currently use a VIE structure, ~~which~~but ~~aims~~that toif ~~raise~~you ~~the~~do ~~percentage~~implement ofone, ~~renewable~~there ~~energy~~would ~~used~~be insubstantial ~~buildings~~legal uncertainties surrounding the related contractual arrangements.

OnThe Chinese ~~March~~government 27could rule that the VIE structure is against public policy, ~~2011~~Chinese laws, and regulations. This ruling would likely result in a material change in our contemplated operations. Furthermore, the ~~NDRC~~disruption ~~promulgated~~or termination of our operations could result in the ~~revised~~decline ~~Guideline~~in ~~Catalogue~~the ~~for~~value ~~Industrial~~of ~~Restructuring~~our ~~which~~stock ~~categorizes~~may become worthless, and the ~~solar~~shareholder ~~power~~could ~~industry~~lose astheir anentire ~~encouraged~~investment. ~~item~~See Item 1.A Risk Factors: Risks Related to Access to Information and Regulatory Oversight.

OnAny failure ~~March 14,~~by ~~2012,~~our ~~the~~contemplated ~~Ministry~~VIE ofor ~~Finance,~~their ~~the~~shareholders ~~NDRC~~to perform their obligations under our contractual arrangements with them would have a material and ~~the~~adverse ~~National~~effect ~~Energy~~on ~~Bureau~~our ~~jointly~~business. ~~issued~~If ~~the~~our ~~interim~~contemplated ~~measures~~VIE ~~for~~or ~~the~~their ~~management~~shareholders offail ~~additional~~to ~~subsidies~~perform ~~for~~their ~~renewable-energy~~respective ~~power~~obligations under ~~prices~~the contractual arrangements, ~~according~~we may have to ~~which~~incur ~~relevant~~substantial ~~renewable-energy~~costs ~~power~~and ~~generation~~expend ~~enterprises~~additional ~~are~~resources ~~entitled~~to enforce such arrangements. We may also have to ~~apply~~rely ~~for~~on ~~subsidies~~legal ~~for~~remedies ~~their~~under ~~renewable~~PRC ~~power~~law, ~~generation~~including ~~projects~~seeking ~~that~~specific ~~satisfy~~performance ~~relevant~~or ~~requirements~~injunctive ~~set~~relief, and ~~forth~~contractual inremedies, ~~the~~which ~~measures~~we cannot assure you will be sufficient or effective under PRC law.

~~On March 1~~In addition, ~~2013~~if any third parties claim any interest in such shareholders' equity interests in our contemplated VIE, ~~China~~our ability to exercise shareholders's ~~State~~rights ~~Council~~or ~~issued~~foreclose the ~~"Twelfth~~share ~~Five~~pledge ~~Year~~according ~~Plan~~to the contractual arrangements may be impaired." ~~The~~If ~~plan~~these ~~supports~~or other disputes between the ~~promotion~~shareholders of our contemplated VIE and ~~development~~third ofparties ~~renewable~~were ~~energy,~~to ~~including~~impair ~~the~~our ~~solar~~control ~~energy.~~over ~~The~~our ~~plan~~contemplated ~~also~~VIE, ~~encourages~~our ability to consolidate the ~~development~~financial results of ~~solar~~our PVcontemplated ~~power~~VIE ~~stations~~would be affected, which would in ~~the~~turn ~~areas~~result ~~with~~in ~~abundant~~a ~~solar~~material ~~power~~adverse ~~resource~~effect on our business, operations and financial condition.

On November 18, 2013, the National Energy Bureau issued "The Interim Measures for the management of distributed photovoltaic power generation projects". The regulation contributes to promote the application of distributed photovoltaic power and regulate the projects management.6

OnCHJI does ~~November~~not ~~26,~~currently ~~2013,~~use ~~the~~a ~~Ministry~~VIE ofstructure, ~~Finance~~but ~~announced~~ that ~~the~~if ~~power~~you ~~generated~~do byimplement ~~its~~one, ~~own~~there ~~distributed~~would PVbe ~~power~~substantial ~~generation~~legal ~~project~~uncertainties ~~could~~surrounding the berelated ~~exempted~~contractual ~~from~~arrangements. ~~imposing~~However, ~~government~~these ~~fee,~~risks ~~such~~or asevents ~~renewable~~are ~~energy~~only ~~surcharges,~~applicable ~~fee~~if ~~for~~we ~~major~~decide ~~national~~to ~~water~~implement ~~conservancy~~a ~~construction,~~VIE ~~etc~~structure.

InThere are ~~January,~~greater ~~2014,~~legal ~~the~~and ~~National~~operational ~~Energy Administration~~risks ofassociated ~~China~~having ~~announced~~ the PVmajority ~~installation~~of ~~target~~our ~~for~~contemplated ~~2014~~operations toin ~~be 14GW, which includes 8GW for distributed PV systems and 6GW for large scale PV power plants~~China.

10We don’t ~~Table~~currently utilize a VIE structure or have Chinese subsidiaries. However, if we decide the VIE structure is there will be additional risks associated with our business. If the PRC government determines that the contractual arrangements constituting part of ~~Contents~~the VIE structure do not comply with PRC regulations, or if these regulations change or are interpreted differently in the future, our securities may decline in value or become worthless if the determinations, changes, or interpretations result in your inability to assert contractual control over the assets of our PRC subsidiaries or the VIEs that conduct all or substantially all of your operations.

InOur Auditor ~~the~~is ~~same~~U.S ~~month~~based, ~~the~~registered ~~National~~with ~~Energy Administration~~the ofPCAOB, ~~China released a list of 81 "New Energy Demonstration Cities"~~ and ~~eight~~is ~~"industrial~~Subject ~~demonstration parks" in 28 and 8 provinces respectively. These cities and zones are required~~ to ~~achieve~~PCAOB their respective mandatory targets in terms of solar PV installations and the percentage of installed renewable energy power generation capacities by the end of 2015, or the end of the 12th Five-Year-Plan.Inspections

InThe HFCAA ~~February~~requires ~~2014,~~ the ~~Certification~~SEC ~~and~~to ~~Accreditation~~identify ~~Administration~~registrants ~~and the National Energy Administration jointly issued the "Implementation Opinions on Strengthening the Testing and Certification of PV Products." The implementation opinions provide~~ that ~~only~~have ~~certified~~retained PVa ~~products~~registered ~~may be connected to the~~ public accounting ~~grid or receive government subsidies. The institutions that certify PV products must be approved by the Certification and Accreditation Administration. According~~ firm to ~~the~~issue ~~implementation~~an ~~opinions,~~audit PVreport where ~~products~~ that ~~are~~registered ~~subject~~public accounting tofirm ~~certification~~has ~~include~~a PVbranch ~~battery~~or ~~parts, inverters, control devices, confluence devices, energy storage devices and independent PV systems.~~office that:

In· ~~December,~~Is ~~2014,~~located ~~the~~in ~~National Energy Administration of China released~~ a ~~list~~foreign ~~of 30~~jurisdiction; ~~"distributed solar photovoltaic industrial application demonstration zone" to encourage the development of distributed solar PV industry.~~and

On· ~~January 28,~~The ~~2015,~~PCAOB ~~the~~has ~~NEA~~determined ofthat ~~China~~it ~~announced~~is ~~the~~unable ~~target~~to ~~for~~inspect ~~national~~or ~~solar~~investigate ~~installations~~completely inbecause ~~2015 to be 15GW, 8GW~~ of ~~which~~a ~~would~~position betaken ~~targeted~~by ~~for~~an ~~utility~~authority ~~scale,~~in ~~7GW~~the ~~for~~foreign ~~distributed generation.~~jurisdiction

On· ~~December~~As ~~24,~~reflected ~~2015,~~on the ~~National~~PCAOB's ~~Development~~website, ~~and~~the ~~Reform~~PCAOB ~~Commission~~is ~~promulgated~~currently ~~the~~unable ~~Notice~~to oninspect ~~the~~or ~~improvement~~investigate ofaccounting ~~photovoltaic~~firms ~~electricity~~due ~~price,~~to ~~which announced~~ a ~~new~~position ~~standard~~of ~~on-grid~~the ~~price~~local ~~implemented~~authority ~~from~~in ~~January~~two 1,jurisdictions: ~~2016~~China ~~for~~and ~~solar~~Hong ~~PV electricity.~~Kong

OnIf a ~~December~~PCAOB ~~15,~~auditor ~~2015,~~is ~~the~~unable ~~National~~to ~~Energy~~inspect ~~Bureau~~the ~~announced~~issuer's ~~the~~public ~~annual~~accounting ~~plan~~firm for three consecutive years, the ~~development~~issuer's ofsecurities ~~solar~~are PVbanned from trade on a national exchange or through other methods. The ~~solar~~United ~~power~~States ~~installed~~Senate ~~capacity~~passed ~~will~~the ~~reach~~Accelerating Holding ~~160GW~~Foreign Companies Accountable Act, ~~and~~which, ~~total~~if ~~annual~~enacted, ~~investment~~would ~~will~~decrease ~~reach~~the ~~200~~number ~~billion~~of ~~RMB~~non-inspection ~~for~~years ~~2016~~from three years to two years. As a result, inour ~~the~~securities ~~light~~could be delisted rendering our stock worthless as a result of "non-inspection" by the ~~plan~~PCAOB.

~~Restrictions~~On December 16, 2021, the PCAOB issued a report on ~~Foreign~~its ~~Businesses~~determinations that if the Board is unable to inspect or investigate completely PCAOB-registered public accounting firms headquartered in mainland China and ~~Investments~~in Hong Kong, a Special Administrative Region of the People’s Republic of China (PRC), because of positions taken by PRC authorities in those jurisdictions, it will suspend trading of the issuer. The Board made these determinations pursuant to PCAOB Rule 6100 which provides a framework for how the PCAOB fulfills its responsibilities under the Holding Foreign Companies Accountable Act (HFCAA).

~~The~~On December ~~principal regulation governing foreign ownership of photovoltaic businesses in the PRC is the Foreign Investment Industrial Guidance Catalogue~~16, ~~updated and effective as of January 30~~2021, ~~2012.~~the ~~Under~~following ~~this~~amendments ~~regulation,~~to ~~industrial~~the ~~activity~~HCFAA iswere ~~categorized~~adopted asby ~~"permitted,"~~the ~~"restricted,"~~Securities ~~or "prohibited."~~ and ~~the~~Exchange ~~solar photovoltaic business is listed as an industry of "permitted" where foreign investments are encouraged.~~Commission:

~~Enterprise Income Tax~~7

OnConsistent with ~~March~~the 16HFCAA, ~~2007,~~the final amendments require Commission-Identified Issuers to submit documentation to the ~~National~~SEC ~~People'~~through the EDGAR system on or before its annual report due date that establishes that it is not owned or controlled by a governmental entity in its public accounting firm’s ~~Congress~~foreign ~~passed~~jurisdiction. ~~the~~The ~~Enterprise~~final ~~Income~~amendments ~~Tax~~also ~~Law~~require ~~("the~~a ~~China~~Commission-Identified ~~EIT~~Issuer ~~Law"),~~that ~~which~~is ~~was~~also ~~effective~~a “foreign issuer,” as ofdefined ~~January~~in 1Exchange Act Rule 3b-4, ~~2008~~to provide certain additional specified disclosures in their annual report for itself and its consolidated foreign operating entity or entities, including any variable-interest entity or similar structure that results in additional foreign entities being consolidated in the registrant’s financial statements.

The required ~~China~~disclosures EIT Law also provides that an enterprise established under the laws of foreign countries or regions but whose "de facto management body" is located in the PRC be treated as a resident enterprise for PRC tax purpose and consequently be subject to the PRC income tax at the rate of 25% for its worldwide income. The Implementing Rules of the new EIT Law merely defines the location of the "de facto management body" as "the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, properties, etc., of a non-PRC company is located." On April 22, 2009, the PRC State Administration of Taxation further issued a notice entitled "Notice regarding Recognizing Offshore-Established Enterprises Controlled by PRC Shareholders as Resident Enterprises Based on Their place of Effective Management." Under this notice, a foreign company controlled by a PRC company or a group of PRC companies shall be deemed as a PRC resident enterprise, if (i) the senior management and the core management departments in charge of its daily operations mainly function in the PRC; (ii) its financial decisions and human resource decisions are subject to decisions or approvals of persons or institutions in the PRC; (iii) its major assets, accounting books, company sales, minutes and files of board meetings and shareholders' meetings are located or kept in the PRC; and (iv) more than half of the directors or senior management personnel with voting rights reside in the PRC. Based on a review of surrounding facts and circumstances, the Company does not believe that it is likely that its operations outside of the PRC should be considered a resident enterprise for PRC tax purposes. However, due to limited guidance and implementation history of the China EIT Law, should the Company be treated as a resident enterprise for PRC tax purposes, the Company will be subject to PRC tax on worldwide income at a uniform tax rate of 25% retroactive to September 19, 2008.include:

11· ~~Table~~During ofthe ~~Contents~~period covered by the form, the registered public accounting firm has prepared an audit report for the issuer;

· The ~~China~~percentage ~~EIT Law also imposes a withholding income tax~~ of ~~10%~~the onshares ~~dividends distributed by a foreign invested enterprise to its immediate holding company outside~~ of ~~China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within China or if~~ the ~~received~~issuer ~~dividends~~owned ~~have~~by nogovernmental ~~connection~~entities ~~with~~in the ~~establishment~~foreign ~~or place of such immediate holding company within China, unless such immediate holding company's~~ jurisdiction ofin ~~incorporation~~which ~~has a tax treaty with China that provides for a different withholding arrangement. Such withholding income tax was exempted under~~ the ~~previous~~issuer ~~income tax regulations. The United States of America, where the Company~~ is incorporated, ~~has~~or ~~such~~otherwise ~~tax treaty with China.~~organized;

~~Our~~· ~~Employees~~Whether governmental entities in the applicable foreign jurisdiction with respect to that registered public accounting firm have a controlling financial interest with respect to the issuer;

As· ofThe ~~December~~name ~~31, 2016, we had an aggregate~~ of 11each ~~employees,~~official of ~~whom~~the 10Chinese ~~were~~Communist ~~full-time~~Party ~~employees.~~who ~~This~~is ~~includes~~a ~~two~~member ~~people~~of inthe ~~marketing,~~board ~~three~~of indirectors ~~maintenance~~of ~~and~~the ~~quality~~issuer ~~control,~~or ~~three~~the inoperating ~~financial~~entity ~~and~~with ~~accounting,~~respect ~~and~~to ~~four~~the inissuer; ~~general management.~~and

~~Available~~· ~~Information~~Whether the articles of incorporation of the issuer (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.

WeThe SEC ~~currently~~will doidentify ~~not~~a ~~maintain~~registrant as a ~~web~~Commission-Identified ~~site;~~Issuer ~~however,~~as ~~our~~early as possible after the registrant files its annual, ~~periodic~~report and on ~~current~~a ~~reports~~rolling ~~can~~basis. beThe ~~accessed~~SEC onwill ~~the~~“provisionally ~~web~~identify” ~~site~~a ofregistrant as a Commission-Identified Issuer on the SEC’s website at www.sec.gov/HFCAA. ~~and~~For ~~printed~~15 ~~free~~business ofdays ~~charge~~after this provisional identification, a registrant may email the SEC if it believes it has been incorrectly identified, providing evidence supporting its claim. After reviewing the information, the registrant will be notified whether the SEC will “conclusively identify” the registrant as a Commission-Identified Issuer.

~~ITEM~~A Commission-Identified 1AIssuer is a registrant identified by the SEC as having filed an annual report with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (PCAOB) is unable to inspect or investigate completely because of a position taken by an authority in that jurisdiction (PCAOB-Identified Firm). The ~~RISK~~SEC ~~FACTORS~~will identify such issuers promptly after the filing of their annual reports by evaluating whether the annual report contains an audit report signed by a PCAOB-Identified Firm. We may be subject to the HFCAA if we are identified as a "Commission-Identified Issuer" in accordance with such HFCAA amendments

AnIf the ~~investment~~registrant indoes ~~our~~not ~~common~~contact ~~stock involves a high degree of risk. You should carefully consider~~ the ~~risks~~SEC ~~described~~to ~~below,~~dispute ~~together with all of~~ the ~~other~~provisional ~~information~~identification ~~included~~within in15 ~~this~~business ~~report~~days, ~~before~~the ~~making~~SEC anwill ~~investment~~conclusively identify ~~decision. If any of~~ the ~~following~~registrant ~~risks~~as ~~actually~~a ~~occurs,~~Commission-Identified ~~our business, financial condition and results of operations could suffer~~Issuer. InThe ~~that~~SEC ~~case,~~will ~~the~~publish ~~trading~~a ~~price~~list ofon ~~our~~its ~~common~~website ~~stock~~identifying ~~could decline~~Commission-Identified Issuers, ~~and~~indicating ~~you~~the ~~may~~number ~~lose part or all~~ of ~~your~~years ~~investment.~~a ~~You should read the section entitled "Special Notes Regarding Forward~~Commission-~~Looking~~Identified ~~Statements"~~Issuer ~~above~~has ~~for~~been apublished ~~discussion~~on ofthe ~~what types of statements are forward-looking statements~~list, asand ~~well~~noting aswhether the ~~significance~~Commission-Identified Issuer ofhas ~~such~~been ~~statements~~subject into ~~the~~any ~~context~~prior oftrading ~~this report~~prohibitions.

~~RISKS RELATED TO OUR BUSINESS~~8

WEThe HFCAA ~~HAVE~~requires ~~TRANSITIONED~~the ~~OUR~~SEC ~~BUSINESS~~to ~~FROM~~prohibit ~~MINING~~the TOtrading ~~NEW~~of ~~CLEAN~~the ~~ENERGY~~securities ~~BUSINESS~~of certain Commission Identified Issuers on a national securities exchange or through any other method that is within the jurisdiction of the SEC to regulate, ~~WHICH~~including ~~INVOLVED~~through ~~SIGNIFICANT~~over-the-counter ~~TRANSITION~~trading. ~~AND~~As ~~INTEGRATION~~a result, ~~RISK~~the SEC will impose an initial trading prohibition on a registrant as soon as practicable after it is conclusively identified as a Commission-Identified Issuer for three consecutive years.

WeIf the ~~disposed~~SEC ofends ~~our~~the ~~mining~~initial ~~business~~trading ~~sector~~prohibition inand, ~~2013~~thereafter, ~~and~~the ~~currently~~registrant weis ~~are~~again ~~developing~~determined ~~our~~to ~~new~~be ~~clean~~a ~~energy~~Commission-Identified ~~solar~~Issuer, the ~~business.~~SEC ~~This~~will ~~change~~impose ~~involves~~a ~~significant~~subsequent ~~transition~~trading ~~and~~prohibition ~~integration~~on ~~risks,~~the ~~both~~registrant ~~because~~for wea ~~are~~minimum ~~required~~of tofive ~~end~~years. ~~our~~To ~~participation~~end inan ~~mining~~initial ~~operations~~or ~~and~~subsequent ~~wind~~trading prohibition, ~~down~~a ~~our~~Commission-Identified ~~existing~~Issuer ~~relationships~~must ~~prior~~certify tothat ~~our~~it ~~being~~has ~~able~~retained toor ~~participate~~will inretain a ~~new~~registered ~~energy~~public ~~business~~accounting ~~and~~firm ~~because~~that the wePCAOB ~~may~~has ~~incur~~determined ~~costs~~it ~~and/or~~is aable ~~loss~~to ofinspect ~~revenue (~~or ainvestigate. ~~delay~~To inmake ~~anticipated~~that ~~increased~~certification, ~~revenue~~the ~~from~~Commission-Identified ~~the~~Issuer ~~new~~must ~~business)~~file financial instatements ~~connection~~that ~~with~~include ~~these~~an ~~changes.~~audit ~~The~~report ~~significant~~signed ~~transition~~by ~~and~~such ~~integration~~a ~~risks~~registered ~~include:~~public accounting firm.

·Our auditor anis ~~inability~~located ~~to transition our business to clean energy due to a lack of applicable approvals or difficulty~~ in ~~satisfying~~the ~~entrance~~United ~~requirements;~~States ~~· significant revenue dilution as we terminate our participation in mining operations~~ and~~/or~~ ~~insufficient,~~subject orPCAOB ~~delay~~audits ~~in receipt of, revenue from our participation in current operations, including an inability to maintain our key customer~~ and ~~business~~not ~~relationships~~subject ~~as we transition~~ to ~~new~~the ~~energy;~~HFCAA ~~and~~ruling ·announced ~~difficulties~~by ~~integrating~~the ~~our~~PCAOB ~~technology~~on ~~processes~~December 16, ~~and · lack of experience in EPC project management~~2021.

IfOur Business ~~any~~is ofSubject ~~these~~to ~~risks~~Numerous orLegal ~~costs~~and ~~materializes,~~Regulatory ~~they~~Risks ~~could~~that ~~have~~Could aHave ~~material~~an ~~adverse~~Adverse ~~effect~~Impact on our ~~business,~~Contemplated ~~results of operations and financial condition~~Business.

12We are ~~Table~~subject to differing and sometimes conflicting laws and regulations in the various China jurisdictions where we provide our services. Our contemplated business model is a highly regulated industry, new laws and regulations may be adopted from time to time to address new issues that come to the authorities' attention. In addition, considerable uncertainties still exist with respect to the interpretation and implementation of ~~Contents~~existing laws and regulations governing our contemplated business activities. A large number of proposals are before various national, regional, and local legislative bodies and regulatory entities regarding issues related to our industry or our business model. As we implement our business plan and expand into countries, we may become subject to additional laws and regulations that we are not subject to now. Existing or new laws and regulations could expose us to substantial liability, including significant expenses necessary to comply with such laws and regulations, and could dampen our growth, which could adversely affect our business and results of operations.

~~OUR~~Risks Related ~~LIMITED~~to ~~OPERATING~~Access ~~HISTORY~~to INInformation ~~CLEAN~~and ~~NEW~~Regulatory ~~ENERGY~~Oversight ~~INDUSTRY MAKE IT DIFFICULT TO EVALUATE OUR RESULTS OF OPERATIONS AND PROSPECTS.~~

WePRC Securities ~~are~~Law astate ~~company~~that ~~engaged~~no inoverseas ~~the~~securities ~~business~~regulator ofcan ~~local~~directly ~~clean~~conduct ~~solar~~investigations ~~energy~~or ~~development~~evidence ~~with~~collection ~~two~~activities ~~EPC~~within the ~~projects~~PRC ~~under~~and ~~construction~~no ~~and~~entity ~~several~~or ~~potential~~individual ~~projects.~~in WeChina ~~also~~may ~~hold~~provide ~~land~~documents ~~use~~and ~~rights~~information inrelating ato ~~5.7~~securities ~~square~~business ~~kilometer~~activities ~~parcel~~to ~~located~~overseas regulators inwithout ~~Huanghe~~Chinese ~~Nantan~~government ~~(Huanghe~~approval. ~~Bay)~~The SEC, ~~Heyang~~U.S. ~~County~~Department of Justice, and other U.S. authorities face substantial challenges in ~~the~~bringing ~~Shaanxi~~and ~~Province~~enforcing ofactions against China-based Issuers and their officers and directors. As a result, ~~which~~investors isin ~~held~~China-based Issuers ~~for~~may ~~leasing~~not ~~purpose~~benefit from a regulatory environment that fosters effective enforcement of U.S. federal securities laws.

~~Though~~Risks Related ~~we commenced the biomass incineration power business in 2009 by cooperation with our strategic partner, our business change in 2012 was our first time~~ to ~~enter~~ the ~~solar~~Chinese ~~photovoltaic~~Government’s ~~industry~~Significant ~~and determine the strategy of mainly focusing on PV EPC developing in the future.~~Oversight

WeThe Chinese ~~have~~government ~~generated~~may ~~revenue~~intervene inor ~~solar~~influence PVour ~~business~~operations ~~for~~at ~~the~~any ~~years ended December 31~~time, ~~2016~~which ~~and~~could ~~2015~~result in ~~the~~a ~~amounts~~material ofchange ~~$12,356~~in ~~and $16,718, respectively. However,~~ our ~~limited operating history makes the prediction of future results of~~ operations ~~difficult,~~ and ~~in addition, we cannot assure that~~ /or the ~~existing~~value ~~management~~of ~~model~~our ~~is suitable for the EPC project development~~securities.

WeChina’s legal ~~will~~system ~~devote~~is ~~more~~substantially ~~resources~~different from the legal system in ~~our~~the ~~marketing~~United ~~promotion~~States and may raise risks and uncertainties concerning the intent, effect, and ~~attempt~~enforcement toof ~~adapt~~its ~~our~~laws, ~~management~~rules, and regulations, including those that restrict the inflow and outflow of foreign capital or provide the Chinese government with significant authority to exert influence on a ~~more~~China-based ~~flexible~~Issuer’s ~~operation~~ability ~~environment~~to asconduct business weor ~~have~~raise capital. This lack of certainty may result in the inconsistent and unpredictable interpretation and enforcement of laws, rules, and regulations, which may change quickly. China-based Issuers face risks related to ~~deal~~evolving ~~with~~laws aand ~~variety~~regulations, which could impede their ability to obtain or maintain permits or licenses required to conduct business in China. In the absence of ~~competitors~~required permits ~~due~~or licenses, governmental authorities may impose material sanctions or penalties on the company. Such actions could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the ~~relatively~~value ~~lower~~of ~~entrance~~such ~~barrier~~securities ~~for~~to significantly ~~solar~~decline PVor ~~downstream~~be ~~industry~~worthless.

~~WE DEPEND ON OUR SENIOR MANAGEMENT AND KEY EMPLOYEES, THE LOSS OF WHOM COULD ADVERSELY AFFECT OUR OPERATIONS.~~9

~~Our~~Recent Statements ~~success~~by ~~will depend to a large degree upon our ability to identify, hire, and retain personnel, particularly persons familiar with~~ the ~~marketing,~~Chinese manufacturing and administrative processes associated with the solar energy business. We depend on the skills of our management team and current key employees, such as Mr. Chen Wei Dong, our Chairman, President, and Chief Executive Officer. We may be unable to retain our existing key personnel or attract and retain additional key personnel.Government

~~The~~Given ~~loss~~recent statements ofby ~~any~~the ofChinese ~~our~~government ~~key~~indicating ~~employees~~an orintent ~~the~~to ~~failure~~exert tomore ~~attract,~~oversight and ~~retain~~control ~~experienced~~over offerings that are conducted overseas and/or foreign investment in China-based issuers, there are additional ~~key~~risks ~~employees~~that could ~~have~~affect aour ~~material~~contemplated ~~adverse~~business ~~effect~~plan. onSuch action by Chinese government could significantly limit or completely hinder our ~~business~~ability to offer or continue to offer securities to investors and ~~financial~~cause ~~condition~~the value of such securities to significantly decline or be worthless.

WELimitations on ~~ACT~~Shareholder ASRights ~~THE~~and GENERAL CONTRACTOR FOR OUR CUSTOMERS IN CONNECTION WITH THE INSTALLATION OF OUR SOLAR POWER SYSTEMS AND ARE SUBJECT TO RISKS ASSOCIATED WITH CONSTRUCTION, BONDING, COST OVERRUNS, DELAYS AND OTHER CONTINGENCIES, WHICH COULD HAVE A MATERIAL ADVERSE EFFECT ON OUR BUSINESS AND RESULTS OF OPERATIONS.Recourse

WeLegal claims, ~~act~~including asfederal ~~the~~securities ~~general~~law ~~contractor~~claims, ~~for~~against ~~our~~China-based ~~customers~~Issuers, inor ~~connection~~their ~~with~~officers, ~~the~~directors, ~~installation~~and ofgatekeepers, ~~our~~may ~~solar~~be ~~power~~difficult or ~~systems.~~impossible ~~All~~for ~~essential~~investors ~~costs~~to ~~are~~pursue ~~estimated~~in atU.S. ~~the~~courts. ~~time~~Even ofif ~~entering~~an ~~into~~investor ~~the~~obtains ~~sales~~a ~~contract~~judgment ~~for~~in a ~~particular~~U.S. ~~project~~court, ~~and these are reflected in~~ the ~~overall~~investor ~~price that we charge our customers for the project. These cost estimates are preliminary and~~ may ~~or may not~~ be ~~covered~~unable to byenforce ~~contracts~~such ~~between us or the other project developers~~judgment, ~~subcontractors,~~particularly ~~suppliers~~in ~~and other parties to~~ the ~~project.~~case Inof ~~addition,~~a weChina-based ~~require qualified~~Issuer, ~~licensed~~where ~~subcontractors~~the torelated ~~install~~assets ~~most~~or ofpersons ~~our~~are ~~systems.~~typically ~~Shortages~~located outside of ~~such~~the ~~skilled~~United ~~labor~~States ~~could~~and ~~significantly delay a project or otherwise increase our costs. Should miscalculations~~ in ~~planning~~jurisdictions athat ~~project~~may ornot ~~defective~~recognize or ~~late~~enforce ~~execution~~U.S. ~~occur,~~judgments. weIf ~~may~~an ~~not~~investor ~~achieve~~is ~~our~~unable ~~expected~~to ~~margins~~bring a ~~or cover our costs~~U.S. ~~Additionally,~~claim ~~many~~or ~~systems~~collect ~~customers~~on ~~require performance bonds issued by~~ a ~~bonding agency~~U.S. ~~Due~~judgment, to the ~~general~~investor ~~performance~~may ~~risk~~have ~~inherent~~to inrely ~~construction~~on ~~activities,~~legal itclaims isand ~~sometimes~~remedies ~~difficult~~available toin ~~secure~~China ~~suitable~~or ~~bonding~~other ~~agencies~~overseas jurisdictions ~~willing~~where tothe ~~provide~~China-based ~~performance~~Issuer ~~bonding.~~may Inmaintain ~~the~~assets. ~~event~~The weclaims ~~are~~and ~~unable~~remedies toavailable ~~obtain~~in ~~bonding,~~these wejurisdictions ~~will~~are beoften ~~unable~~significantly different tofrom ~~bid~~those ~~on,~~available orin ~~enter~~the ~~into~~United ~~sales~~States ~~contracts~~and ~~requiring~~difficult ~~such~~to ~~bonding~~pursue.

13Greater Chinese ~~Table~~Regulatory ofOversight ~~Contents~~May Impact our Contemplated Business

Delays in solar panel or other supply shipments, other construction delays, unexpected performance problems in electricity generation or other events could cause us to fail to meet these performance criteria, resulting in unanticipated and severe revenue and earnings losses and financial penalties. Construction delays We are ~~often~~not ~~caused~~currently byrequired ~~inclement weather, failure~~ to ~~timely~~comply ~~receive~~with ~~necessary~~regulations ~~approvals~~ and ~~permits,~~policies orof ~~delays~~the inCyberspace ~~obtaining~~Administration ~~necessary solar panels, inverters or other materials. The occurrence~~ of ~~any~~China of(CAC) ~~these~~because ~~events~~we ~~could~~ have anot commenced ~~material adverse effect on~~ our business ~~and~~in ~~results of operations~~China.

WECAC regulates ~~ARE~~the Acollection ~~PRIVATE~~of ~~COMPANY~~personal ~~MAINLY~~information, ~~OPERATING~~which INis ~~CHINA~~recorded electronically, ~~WHICH~~or ~~MAY~~in ~~RESULT~~any INother Aform, ~~MORE~~to ~~DIFFICULT~~recognize ~~BUSINESS~~the ~~ENVIRONMENT~~identity ~~FOR~~of a ~~US,~~natural ~~COMPAIRED~~person. ~~WITH~~In ~~THE~~light ~~STATE~~of ~~OWNED~~greater ~~COMPANY~~oversight INregarding PVthe ~~INDUSTRY~~collection of personal information we may be subject to cybersecurity review upon execution of our contemplated business plan.

WeIf CAC ~~are~~determines athat ~~private~~we ~~company~~have ~~operating~~violated inany ~~China~~portion inof PVPRC ~~industry~~laws and regulation, ~~which~~our ~~may~~ability ~~incur~~to ~~more~~obtain ~~cost~~or inmaintain ~~obtaining~~permits ~~administrative~~or ~~permit,~~licenses ~~acquiring~~required to ~~EPC~~conduct ~~project,~~business ~~etc.,~~in ~~while~~China ~~many~~may ~~competitors~~be ~~are~~affected. ~~state-owned~~In ~~Companies~~the ~~and~~absence ~~operate~~of inrequired apermits ~~preferable~~or ~~business~~licenses, ~~environment.~~governmental ~~The~~authorities PVmay ~~developer~~impose ~~must~~material sanctions ~~apply~~or ~~for~~penalties on the PVcompany. ~~demonstration~~Such ~~project~~actions ~~for~~could ~~financial~~significantly ~~subsidy.~~limit ~~Usually~~or ~~the~~completely ~~relevant~~hinder ~~government~~our ~~agencies~~ability ~~give~~to ~~priority~~offer or continue to offer securities to investors and cause the ~~state-owned~~value ~~company~~of ~~under~~such ~~equal~~securities ~~conditions~~to significantly decline or be worthless.

~~RISKS~~At this ~~RELATED~~time, TOwe ~~OUR~~are PVnot ~~INDUSTRY~~required to comply with CAC regulation and have not submitted information to the CAC for approval.

AMerger & ~~SIGNIFICANT~~Acquisition ~~REDUCTION~~Approval INis ~~OUR DISCONTINUATION OF GOVERNMENT SUBSIDIES AND ECONOMIC INCENTIVES MAY HAVE A MATERIAL ADVERSE EFFECT ON OUR RESULTS OF OPERATIONS.~~Required

~~Demand~~Under the ~~for~~PRC ~~our~~Anti-monopoly ~~products~~Law, ~~and~~merger ~~services~~& ~~substantially~~acquisitions ~~depends~~that onmeet ~~government~~certain ~~incentives~~turnover ~~aimed~~thresholds tomust ~~promote~~notify ~~greater~~the ~~use~~State ofAdministration ~~solar~~for ~~power.~~Market Regulation ~~The~~(SAMR) PVfor ~~application~~merger ~~markets~~control ~~would~~clearance and may not be ~~commercially~~implemented ~~viable~~ without ~~government~~SAMR’s ~~incentives~~approval. ~~This is because the cost of generating electricity from solar power currently exceeds the cost of generating electricity from conventional or non-solar renewable energy sources.~~

Usually, the local government bears the financial subsidy. If the local finance is too tight to offer the subsidy, the change of incentive policy may be the only choice. Though we don't think the national incentive policy shall be significant changed in the near future, the local financial subsidy policy adjustment could have a material effect on our business directly.10

~~The~~CHJI may ~~scope~~merge ofwith, ~~the~~or ~~government~~acquire, ~~incentives~~a ~~for~~target ~~solar~~company ~~power depends,~~ to acommence ~~large~~its ~~extent,~~contemplated onbusiness ~~political~~operations. ~~and~~If ~~policy~~our ~~developments~~target inbusiness ~~China~~meets ~~related~~the tothreshold for ~~environmental,~~review ~~economic~~by ~~or other concerns~~SAMR, ~~which~~we ~~could~~will ~~lead~~be required to asubmit ~~significant~~an ~~reduction~~application ~~in or a discontinuation of the support~~ for ~~renewable energy sources~~approval.

~~Any~~The SAMR ~~new~~utilizes ~~government regulations or utility policies pertaining to our solar power products may result in significant additional expenses to us, our resellers, and our customers and as~~ a ~~result,~~substantive ~~could~~test ~~cause~~for amerger ~~significant~~review. ~~reduction~~The insubstantive ~~demand~~test ~~for~~takes ~~our~~into ~~solar~~consideration ~~power products.~~the:

~~BECAUSE~~· ~~THE~~Market ~~MARKETS~~shares INand ~~WHICH~~market WEcontrol ~~COMPETE~~power ~~ARE~~of ~~HIGHLY~~the ~~COMPETITIVE~~business ~~AND~~operators ~~MANY OF OUR COMPETITORS HAVE GREATER RESOURCES THAN US, WE MAY NOT BE ABLE TO COMPETE SUCCESSFULLY AND WE MAY LOSE OR BE UNABLE TO GAIN MARKET SHARE.~~concerned

We· ~~mainly~~Concentration ~~focus~~levels on the local solar PV downstream market. Our competitors include Xi'an Huanghe Photovoltaic Technology Co., Ltd., Shaanxi Tuori New Energy Technology Limited, and Shaanxi Changling Electric Co., Ltd., etc. Most of ~~them~~relevant ~~have a stronger market position than ours, more sophisticated technologies greater resources and better name recognition than we do.~~markets

~~The~~· ~~barriers~~Impact toof ~~entry are relatively low in~~ the PVconcentration ~~consumer~~on market. ~~Financial strength and social relations resource were the key barriers to~~ entry, ~~for~~technological ~~the EPC project acquisition. Because of government's continuous efforts to encourage the PV consumer market~~development, ~~more~~consumers and ~~more~~other ~~companies~~relevant with strong financial support commenced their solar PV energy business. It is a challenge for us to establish our competitive market position in the industry. In order to acquire more market share, we must respond more quickly to changing customer demands or market conditions or to devote greater resources to the marketing promotion.operators

~~New~~· ~~competitors~~Impact orof ~~alliances~~the ~~among~~concentration ~~existing~~on ~~competitors~~national ~~could~~economic ~~emerge and rapidly acquire a significant market share, which would harm our business. If we fail to compete successfully, our business would suffer and we may lose or be unable to gain market share.~~development

14· ~~Table~~Foreign ~~of Contents~~investment

~~RISKS~~As of ~~RELATED~~this TOtime, ~~THE~~CHJI ~~REAL~~is ~~ESTATE~~not ~~INDUSTRY~~required to submit an application to SAMR as we have not identified a merger or acquisition candidate. However, if we locate a suitable merger or acquisition candidate, we may be required to submit an approval request to SAMR. We don’t anticipate merging with a company that is large enough to trigger anti-monopoly threshold for review. However, if SAMR denies our application, such actions could significantly limit or completely hinder our ability to offer, or continue to offer, securities to investors and cause the value of such securities to significantly decline or be worthless.

~~THE~~Resale limitations ~~CHINESE~~of ~~GOVERNMENT~~Rule ~~OWNS~~144(i) ~~ALL~~on ~~LAND~~your ~~IN CHINA, AND CHINA ISSUES LAND USE RIGHTS INSTEAD OF LEGAL TITLE TO THE PROPERTIES. THERE IS NO ASSURANCE THAT OUR RIGHTS TO THE PROPERTIES WILL NOT BE SUBJECT TO IMPAIRMENT OR LOSS.~~shares

InAccording to ~~China~~the Rule 144(i), ~~all~~Rule ~~property~~144 is ~~owned~~not byavailable for the ~~central~~resale ~~government.~~of ~~Unlike~~securities ~~deeds~~initially orissued ~~other~~by ~~evidence~~either of a ~~fee~~reporting ~~simple~~or ~~ownership~~non-reporting ~~interest~~shell company. Moreover, ~~land~~Rule ~~use~~144(i)(1)(ii) ~~rights~~states ~~are~~that ~~always~~Rule ~~subject~~144 tois ~~fixed~~not ~~periods~~available ~~and~~to ~~permitted~~securities ~~land~~initially ~~use,~~issued ~~usually~~by ~~for~~an ~~long~~issuer ~~periods~~that ofhas ~~time.~~been “at ~~These~~any ~~periods~~time ~~are~~previously” ~~frequently~~a 50reporting ~~years.~~or ~~Disputes~~non-reporting ~~over~~shell ~~land~~company. ~~use~~Rule ~~right~~144(i)(1)(ii) ~~are~~prohibits ~~common.~~shareholders Afrom ~~loss~~utilizing Rule of144 ~~our~~to ~~property~~sell ~~rights~~their ~~would~~shares ~~cause~~in ~~material~~a ~~damage~~company tothat ~~the~~at ~~Company~~any ~~and~~time ~~the~~in ~~price~~its ofexistence ~~its~~was ~~securities~~a ~~and~~shell ~~could~~company. ~~result~~However, inaccording ~~the~~to ~~loss~~Rule of144(i)(2), an ~~the~~issuer ~~entire~~can ~~value~~“cure” ofits ~~our~~shell ~~Company~~status.

~~RISKS~~To “cure” ~~RELATED~~a TOcompany’s ~~DOING~~current ~~BUSINESS~~or INformer ~~THE~~shell ~~PEOPLE'S~~company ~~REPUBLIC~~status, OFthe ~~CHINA~~conditions of Rule 144(i)(2) must be satisfied regardless of the time that has elapsed since the public company ceased to be a shell company and regardless of when the shares were issued. The availability of Rule 144 for resales of shares issued while the company is a shell company or thereafter may be restricted even after the expiration of the one-year period since it filed its Form 10 information if the company is not current on all of its periodic reports required to be filed within the SEC during the 12 months before the date of the shareholder’s sale. Thus, the company must file all 10-Qs and 10-K for the preceding 12 months and since the filing of the Form 10, or Rule 144 is not available for the resale of securities

WEWe have ~~ARE~~extremely ~~SUBJECT~~limited TOassets, ~~THE~~have ~~POLITICAL~~incurred ~~AND~~operating ~~ECONOMIC POLICIES OF THE PEOPLE'S REPUBLIC OF CHINA~~losses, ~~AND~~and ~~GOVERNMENT~~have ~~REGULATION~~no ~~COULD~~current ~~HAVE~~source Aof ~~MATERIAL ADVERSE EFFECT ON OUR INTENDED BUSINESS.~~revenue

~~All~~We have ofhad ~~our~~minimal assets. ~~and~~We ~~operations~~do ~~are~~not inexpect ~~the~~to ~~PRC.~~generate Asrevenues auntil ~~result,~~we begin to implement our ~~operating~~business ~~results~~plan. ~~and~~However, ~~financial~~we ~~performance~~can asprovide no ~~well~~assurance asthat ~~the~~we ~~value~~will ofproduce ~~our~~any ~~securities~~material ~~could~~revenues befor ~~affected~~our bystockholders, ~~adverse~~or ~~changes~~that inour ~~economic,~~business ~~political~~will ~~and~~operate ~~social~~on ~~conditions~~a inprofitable ~~China~~basis.

~~The~~We will, ~~Chinese~~likely, ~~government~~sustain ~~adopted~~operating aexpenses ~~policy~~without tocorresponding ~~transition~~revenues, ~~from~~at aleast ~~planned~~until ~~economy~~the toconsummation aof ~~market~~our ~~driven~~business ~~economy~~plan. inThis ~~1978.~~may result ~~Since~~in ~~then,~~our ~~the~~incurring ~~economy~~a ofnet ~~the~~operating ~~PRC~~loss ~~has~~that ~~undergone~~will ~~rapid~~increase ~~modernization,~~unless ~~although~~we ~~the~~consummate ~~Chinese~~a ~~government~~business ~~still~~plan ~~exerts~~with a ~~dominant~~profitable ~~force~~business inor ~~the~~internally develop ~~nation's~~our ~~economy~~business. ~~This~~We ~~continues~~cannot toassure ~~include~~you ~~reservation~~that towe ~~the~~can ~~state~~identify ofa ~~land~~suitable ~~use~~business ~~rights,~~combination ~~and~~or ~~includes~~successfully ~~controls~~internally ondevelop ~~foreign~~our business, ~~exchange rates and restrictions~~ or ~~prohibitions~~that onany ~~foreign~~such ~~ownership~~business inwill ~~various~~be ~~industries.~~profitable ~~All~~at ~~lands~~the intime ~~China~~of ~~are~~its ~~state~~acquisition ~~owned~~by ~~and~~the ~~only~~Company ~~limited "land use rights" are conveyed to business enterprises~~ or ~~individuals~~ever.

All of our intended exploration and mining activities require approvals from the local government authorities in China. Obtaining governmental approval is typically a lengthy and difficult process with no guaranty of success. Since the lands where our activities are located were acquired through the grant of a land use right, changes in government policy could adversely affect our business.11

~~The~~Our capital ~~Chinese~~resources ~~government~~may ~~operates~~not ~~the~~be ~~economy~~sufficient into ~~many~~meet ~~industries~~our ~~through~~capital ~~various~~requirements, ~~five-year plans~~ and ~~even~~in ~~annual~~the ~~plans.~~absence ~~A large degree~~ of ~~uncertainty~~additional isresources ~~associated~~we ~~with~~may ~~potential changes in these plans. Since China's economic reforms~~ have noto ~~precedent,~~curtail or ~~there~~cease ~~can be no assurance that future changes will not create materially adverse conditions for our~~ business. operations

~~FLUCTUATION~~We have OFhistorically ~~THE~~generated ~~CHINESE~~negative ~~CURRENCY~~cash ~~COULD~~flow ~~MATERIALLY~~and ~~AFFECT~~losses ~~OUR~~from ~~FINANCIAL~~operations ~~CONDITION~~and ~~AND~~could ~~RESULTS~~experience OFnegative ~~OPERATIONS~~cash flow and losses from operations in the future. Our independent auditors have included an explanatory paragraph in their report on our financial statements for the fiscal years ended December 31, 2019 and 2020 expressing doubt regarding our ability to continue as a going concern. We currently only have a minimal amount of cash available, which will not be sufficient to fund our anticipated future operating needs. The Company will need to raise substantial sums to implement its business plan. There can be no assurance that the Company will be successful in raising funds. To the extent that the Company is unable to raise funds, we will be required to reduce our planned operations or cease any operations.

We may ~~expect~~encounter ~~that~~substantial ~~our~~competition ~~future revenues and expenses will be generated~~ in ~~China, but~~ our ~~reporting~~business ~~currency is US dollars~~ and ~~reported~~our ~~results~~failure ~~will be affected by exchange rate fluctuations between the RMB and the US dollar. We cannot give any assurance that the value of the RMB will continue~~ to ~~appreciate,~~compete oreffectively ~~even remain stable against the US dollar or any other foreign currency. Accordingly, we~~ may ~~experience~~adversely ~~economic~~affect ~~losses~~our ~~and~~ability ~~negative~~to ~~impacts, as reported in U.S. Dollars, as a result of foreign exchange rate fluctuations.~~generate revenue

~~The~~We believe ~~RMB~~that isexisting ~~currently~~and ~~not~~new acompetitors ~~fully~~will ~~convertible~~continue ~~currency~~to improve in cost control and performance of their mining. ~~The~~We ~~Chinese~~have ~~government~~global ~~may~~competitors and ~~restrict~~China’s ~~future~~ore ~~access~~oil tosector ~~foreign~~has ~~currencies~~been ~~for~~affected ~~current~~by ~~account~~Covid-19 ~~transactions.~~that ~~This~~are ~~may~~larger ~~make~~and itwe ~~difficult~~will ~~for~~be usrequired to ~~transfer~~continue ~~money~~to ~~from~~invest ~~China~~in product development and productivity improvements to ~~other~~compete ~~countries~~effectively onin anour ~~economically~~markets. ~~advantageous~~Our ~~basis~~competitors could develop a more efficient product or ~~even~~undertake atmore ~~all.~~aggressive Itand costly marketing campaigns than ours, which may ~~also~~adversely ~~make~~affect itour ~~difficult~~marketing ~~for~~strategies usand tocould have ~~pay~~a ~~cash~~material ~~returns~~adverse effect on ~~the~~our ~~investment~~business, results of ~~foreign~~operations ~~capital~~and financial condition.

15Our major ~~Table~~competitors may be better able than we to successfully endure downturns in our industrial sector. In periods of ~~Contents~~reduced demand for our products, we can either choose to maintain market share by reducing our selling prices to meet competition or maintain selling prices, which would likely sacrifice market share. Sales and overall profitability would be reduced in either case. In addition, we cannot assure you that additional competitors will not enter our existing markets, or that we will be able to compete successfully against existing or new competition.

~~THERE~~Effect of ~~ARE~~Environmental ~~RISKS INHERENT IN DOING BUSINESS IN CHINA OVER WHICH WE HAVE NO CONTROL.~~Laws

~~The~~We believe ~~political~~that ~~and~~we ~~economic systems of the PRC~~ are ~~very~~in ~~different~~compliance ~~from those of the United States and other western countries. China remains volatile~~ with ~~respect~~all toapplicable ~~certain~~environmental ~~social~~laws, ~~economic and political issues which could lead to revocation or adjustment of reforms. There are also issues between China and the United States that could result~~ in ~~disputes~~all ormaterial ~~instabilities~~respects. ~~The~~We ~~role~~do ofnot ~~China~~expect ~~and~~future ~~its~~compliance with ~~government~~environmental ~~remain~~laws into ~~flux~~have ~~both~~a ~~domestically~~material ~~and~~adverse ~~internationally,~~effect ~~and~~on ~~could cause shocks or setbacks that may adversely affect~~ our business.

~~THE~~We may ~~CHINESE~~not ~~LEGAL~~be ~~SYSTEM~~able ~~DIFFERS~~to ~~FROM~~obtain ~~THAT~~regulatory OFor ~~THE~~governmental ~~UNITED~~approvals ~~STATES,~~for ~~PROVIDING~~our ~~LESS PROTECTION FOR INVESTORS, AND IT MAY BE DIFFICULT FOR INVESTORS TO SEEK LEGAL REDRESS AGAINST US OR OUR OFFICERS AND DIRECTORS, INCLUDING CLAIMS THAT ARE BASED UPON U.S. SECURITIES LAWS.~~products

~~All~~Our business ofis ~~our~~subject ~~current~~to ~~operations~~extensive ~~are~~laws ~~conducted~~and inregulations ~~China.~~governing ~~All~~development, ofproduction, ~~our~~environmental ~~current~~regulations, ~~directors~~ and ~~officers~~other ~~are nationals or residents of China~~matters. ~~All of the assets of these persons are located in China.~~ The ~~PRC~~Company ~~legal system~~ is asubject ~~civil~~to ~~law~~potential ~~system.~~risks ~~Unlike~~and ~~the~~liabilities ~~common~~occurring ~~law system, the civil law system is based on written statutes in which decided legal cases have little value~~ as ~~precedents.~~a ~~Differences~~result inof ~~interpretations~~oil exploration and ~~rulings can occur with limited opportunity for redress or appeal~~production.

ItAll operating ~~may not be possible to effect service of process within the U.S. or elsewhere outside China upon our officers~~ and ~~directors.~~exploration ~~Even~~plans ifhave ~~service~~been ofmade ~~process were successful, considerable uncertainty exists as to whether Chinese courts would recognize and enforce U. S. laws or judgments obtained~~ in ~~the~~consideration ~~U.S.~~of ~~federal~~existing ~~and~~governmental ~~state securities laws as the U~~regulations. S.Regulations ~~laws confer substantial rights to investors and shareholders~~ that ~~have~~most noaffect ~~equivalent~~operations are inrelated ~~China.~~to ~~Therefore~~safety, ahazard ~~claim~~material ~~against~~cleanup, ~~us or our officers~~ and~~/or~~ ~~directors~~environmental ~~or even a final judgment in the U~~concerns. ~~S. may not be recognized or enforced by Chinese courts.~~

In 1979, the PRC began to reform its legal system and has enacted numerous laws regulating economic and business development, including those related to foreign investment. Currently many of the approvals required for our business may be obtained at local or provincial level. We believe that it is relatively easier and faster to obtain provincial approval than central government approval. Changes to existing laws that repeal or alter local regulatory authority and preempt it with national laws could negatively affect our business and the value of our securities.12

~~China's~~Potential environmental ~~regulations~~liability ~~and~~could ~~policies~~have ~~regarding~~a ~~investments,~~material ~~including~~adverse ~~investment~~effect inon ~~the~~our PVoperations ~~business, are subject to continued reformation~~ and ~~revisions.~~financial ~~They may change in a manner adverse to us and our stockholders.~~condition

~~CHINESE~~To the ~~LAWS~~knowledge ~~COULD~~of ~~RESTRICT~~our ~~THE~~management ~~PAYMENT~~team, OFwe ~~DIVIDENDS~~anticipate ~~FROM~~that ~~ANY~~production ~~PROCEEDS~~and ~~OBTAINED~~sale ~~FROM~~of ~~LIQUIDATION~~our OFfuture ~~OUR~~products ~~ASSETS~~will constitute activities and generate materials that create environmental hazards. Our future business and operating results may be materially and adversely affected if we were to be held liable for violating existing environmental regulations or if we were to increase expenditures to comply with environmental regulations affecting our operations.

~~All~~We face ofa ~~our~~number ~~assets~~of ~~are~~risks ~~located~~associated inwith ~~China.~~our ~~Chinese~~business ~~law~~plan, ~~governs~~including the ~~distributions~~possibility that ~~can~~we bemay ~~made~~incur insubstantial ~~the~~debt ~~event~~or ~~of liquidation of assets of foreign invested enterprises. While dividend distribution is allowed~~convertible debt, ~~some~~which ~~distributions~~could ~~are~~adversely ~~subject~~affect toour ~~the~~financial approval from the foreign exchange authority in China. Liquidation proceeds would also be subject to foreign exchange control. We are unable to predict the outcome in the event of liquidation insofar as it affects payment to non-Chinese nationals.condition

~~RISKS~~We intend ~~RELATED~~to TOuse ~~OUR~~reasonable ~~COMMON~~efforts ~~STOCK~~to complete our business plan. The risks commonly encountered in implementing our business plan is insufficient revenues to offset increased expenses associated with mining ore. Failure to raise sufficient capital to carry out our business plan. Additionally, we have no operations at this time so our expenses are likely to increase and it is possible that we may incur substantial debt or convertible debt in order to complete our business plan, which can adversely affect our financial condition. Incurring a substantial amount of debt or convertible debt may require us to use a significant portion of our cash flow to pay principal and interest on the debt, which will reduce the amount available to fund working capital, capital expenditures, and other general purposes. Our indebtedness may negatively impact our ability to operate our business and limit our ability to borrow additional funds by increasing our borrowing costs, and impact the terms, conditions, and restrictions contained in possible future debt agreements, including the addition of more restrictive covenants; impact our flexibility in planning for and reacting to changes in our business as covenants and restrictions contained in possible future debt arrangements may require that we meet certain financial tests and place restrictions on the incurrence of additional indebtedness and place us at a disadvantage compared to similar companies in our industry that have less debt.

~~THERE~~Our future ISsuccess ~~CURRENTLY~~is Ahighly ~~LARGE~~dependent ~~MARKET~~on ~~OVERHANG~~the INability ~~OUR~~of ~~COMMON~~management ~~STOCK~~to ~~AND~~locate ~~FUTURE~~and ~~SALES~~attract OFsuitable ~~OUR~~business ~~COMMON~~opportunities ~~STOCK~~and ~~COULD~~our ~~DEPRESS~~stockholders will ~~THE~~not ~~MARKET~~know ~~PRICE~~what ~~AND~~business ~~DIMINISH~~we ~~THE~~will ~~VALUE~~enter OFinto ~~YOUR~~until ~~INVESTMENT.~~we consummate a transaction with the approval of our then existing directors and officers

OnAt this ~~February 9~~time, ~~2010,~~ we ~~filed~~have ano ~~Certificate~~operations ofand ~~Amendment~~future toimplementation ~~our Articles~~ of ~~Incorporation~~our tobusiness ~~effect~~plan ais ~~1-for-10~~highly ~~reverse~~speculative, ~~split~~there ofis ~~our~~a ~~common~~consequent ~~stock,~~risk ~~after~~of loss ~~which all shares~~ of ~~our Series C Preferred Stock were converted into~~ an ~~aggregate~~investment ofin ~~609~~the ~~million shares of our common stock~~Company. ~~This~~The ~~effectively~~success ~~eliminated the ability~~ of our ~~other~~plan ~~common~~of ~~stock~~operations ~~holders~~will depend to ~~have~~ a ~~significant~~great ~~role~~extent inon the ~~election~~operations, offinancial condition ~~directors~~ and ~~other~~management ~~corporate changes. Future sales~~ of ~~shares~~future ofbusiness ~~our~~and ~~common~~internal ~~stock~~development. orWhile ~~securities~~management ~~that~~intends ~~are~~to ~~convertible~~seek ~~into~~businesses ~~our~~opportunities ~~common~~with entities ~~stock~~having ~~could~~established ~~adversely~~operating ~~affect~~histories, ~~the~~we ~~market~~cannot ~~price~~provide ofany ~~our~~assurance ~~common~~that ~~stock.~~we Ifwill ~~any~~be ofsuccessful ~~our~~in ~~principal~~locating ~~stockholders~~opportunities meeting ~~sells~~that acriterion. ~~large~~In ~~number~~the ofevent ~~shares or if~~ we ~~issue~~complete a ~~large~~business ~~number of shares~~plan, the ~~market~~success ~~price~~ of our ~~common~~operations ~~stock~~will ~~could~~be ~~significantly~~dependent ~~decline.~~upon ~~Moreover~~management, ~~the~~its financial ~~perception~~position inand ~~the~~numerous ~~public~~other ~~market~~factors ~~that~~beyond our ~~principal stockholders might sell shares of common stock could further depress the market for our common stock~~control.

16There can ~~Table~~be ofno ~~Contents~~assurance that we will successfully consummate a business plan or internally develop a successful business

~~BECAUSE~~We are ~~OUR~~a ~~OFFICERS~~blank ~~AND~~check ~~DIRECTORS~~company ~~CONTROL~~and ~~THE~~can ~~MAJORITY~~give OFno ~~THE~~assurance ~~VOTING~~that ~~POWER~~we OFwill ~~OUR~~successfully ~~COMMON~~identify ~~STOCK~~and evaluate suitable business opportunities or that we will successfully implement our business plan. We cannot guarantee that we will be able to negotiate ore mining contracts on favorable terms. No assurances can be given that we will successfully identify and evaluate suitable business opportunities, ~~INVESTORS~~that INwe will ~~OUR~~conclude ~~COMMON~~a ~~STOCK~~business ~~WILL~~plan ~~NOT~~or BEthat ~~ABLE~~we TOwill ~~DETERMINE~~be ~~THE~~able ~~OUTCOME~~to OFdevelop ~~STOCKHOLDER~~a ~~VOTES~~successful business. Our management and affiliates will play an integral role in establishing the terms for any future business.

Our officers and directors currently control approximately 85% of our common stock. So long as they continue to hold, directly or indirectly, shares of common stock representing more than 50% of the combined voting power of our common stock, they will be able to direct the election of all of the members of our board of directors who will determine our strategic plans and financing decisions and appoint top management. They will also be able to determine the outcome of substantially all matters submitted to a vote of our stockholders, including matters involving mergers, acquisitions and other transactions resulting in a change of control of us, and our pursuit of corporate opportunities. They may seek to cause us to take courses of action that, in their judgment, could enhance their investment in us, but which might involve risks to holders of our common stock or adversely affect us or other investors.13

~~THE~~We will ~~MARKET~~incur ~~FOR~~increased ~~SHARES~~costs OFas ~~OUR~~a ~~COMMON~~result ~~STOCK~~of ~~HAS~~becoming ~~BEEN~~a ~~LIMITED~~reporting ~~AND SPORADIC~~company, ~~AND~~and ~~THERE~~given ISour NOlimited ~~GUARANTEE~~capital ~~THAT~~resources, Asuch ~~MARKET~~additional ~~WILL~~costs may BEhave ~~AVAILABLE~~an ~~FOR~~adverse ~~YOU~~impact TOon ~~SELL~~our ~~YOUR SHARES~~profitability.

~~Shares~~Following the effectiveness of ~~our~~this ~~common~~Form ~~stock~~10, ~~are~~we ~~not~~will ~~listed~~be onan ~~any~~SEC ~~exchange~~reporting ~~but~~company. ~~have~~The ~~been~~Company ~~sporadically~~currently ~~traded~~has inno ~~over~~business and no revenue. However, the ~~counter~~rules ~~transactions~~and orregulations inunder ~~inter-dealer~~the ~~quotations.~~Exchange ~~There~~Act isrequire noa ~~assurance~~public ~~that~~company ~~any~~to ~~market~~provide ~~makers~~periodic reports with interactive data files which will inrequire the ~~future~~Company ~~post~~to ~~bid~~engage legal, accounting and ~~ask~~auditing ~~prices~~services, ~~for~~and ~~our~~XBRL ~~shares~~and ofEDGAR ~~common~~service ~~stock~~providers. ~~Our~~The ~~stock~~engagement ~~has~~of ~~been~~such services ~~very~~can ~~thinly~~be ~~traded~~costly, and ~~there~~the ~~were~~Company ~~many~~is ~~days~~likely orto ~~weeks~~incur ~~that~~losses, which may adversely affect the ~~shares~~Company’s ~~did~~ability ~~not~~to ~~trade~~continue as ata ~~all~~going concern. ~~There~~In isaddition, nothe ~~assurance~~Sarbanes-Oxley ~~that~~Act ~~any~~of ~~market~~2002, ~~will~~as ~~exist~~well atas a variety of related rules implemented by the ~~time~~SEC, ~~that~~have required changes in corporate governance practices and generally increased the disclosure requirements of public companies. For example, as a result ~~shareholder~~of ~~wishes~~becoming a reporting company, we will be required to ~~sell~~file ~~his~~periodic orand ~~her~~current ~~shares~~reports and ~~there~~other isinformation nowith ~~assurance~~the ~~that~~SEC ~~any~~and we ~~market~~must ~~will~~adopt ~~continue~~policies regarding disclosure controls and procedures and regularly evaluate those controls and process.

~~OUR~~The additional ~~COMMON~~costs ~~STOCK~~we ~~PRICE~~will ISincur ~~VOLATILE~~in ~~AND~~connection ~~MAY~~with ~~NOT~~becoming ~~APPRECIATE~~a INreporting ~~VALUE~~company will serve to further stretch our limited capital resources. The expenses incurred for filing periodic reports and implementing disclosure controls and procedures may be as high as $70,000 USD annually. In other words, due to our limited resources, we may have to allocate resources away from other productive uses in order to pay any expenses we incur in order to comply with our obligations as an SEC reporting company. Further, there is no guarantee that we will have sufficient resources to meet our reporting and filing obligations with the SEC as they come due.

The time ~~market price of shares of our common stock fluctuated~~ and iscost ~~likely to continue to fluctuate significantly. Fluctuations could be rapid and severe and may provide investors little opportunity to react. Factors such as changes in commodity prices, conversion~~ of ~~our~~preparing ~~preferred shares, results of operations, and~~ a ~~variety~~private ofcompany ~~other factors, many of which are beyond the control of the Company, could cause the market price of our common stock~~ to ~~fluctuate~~become ~~substantially.~~a ~~Also, stock markets in penny stock shares tend to have extreme price and volume volatility. The market prices of the securities of many smaller~~ public ~~companies~~reporting ~~are~~company ~~subject to volatility for reasons that frequently are unrelated to operating performance, earnings or other recognized measurements of value. This volatility~~ may ~~cause~~preclude ~~declines,~~us ~~including~~from ~~very~~entering ~~sudden~~into ~~and~~an ~~sharp~~acquisition ~~declines, in the market price of our common stock. We cannot assure investors that the stock price will appreciate in value, that a market will be available to resell your securities~~ or merger ~~that~~with the ~~shares~~most ~~will~~attractive ~~retain~~private ~~any~~companies ~~value~~and ~~at all.~~others

WEFrom time DOto ~~NOT~~time ~~FORESEE~~the ~~PAYING~~Company ~~CASH~~may ~~DIVIDENDS~~come INacross ~~THE~~target ~~FORESEEABLE~~merger ~~FUTURE~~companies. These companies may fail to comply with SEC reporting requirements may delay or preclude acquisitions. Sections 13 and 15(d) of the Exchange Act require reporting companies to provide certain information about significant acquisitions, including certified financial statements for the company acquired, covering one or two years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target entities to prepare these statements may significantly delay or essentially preclude consummation of an acquisition. Otherwise, suitable acquisition prospects that do not have or are unable to obtain the required audited statements may be inappropriate for acquisition so long as the reporting requirements of the Exchange Act are applicable.

WeA Business ~~have~~may ~~not~~result ~~paid cash dividends on our stock and we do not plan to pay cash dividends on our stock~~ in ~~the~~a ~~foreseeable~~change ~~future.~~of Wecontrol ~~intend to retain any earnings to help fund operations. Therefore an investment in our common stock is not appropriate for investors who require regular~~ and ~~periodic~~a ~~returns~~change onof ~~their investments~~management.

~~OUR~~In conjunction ~~STOCK~~with IScompletion Aof ~~PENNY~~a ~~STOCK.~~business ~~TRADING~~acquisition, OFit ~~OUR~~is ~~STOCK~~anticipated ~~MAY~~that BEwe ~~RESTRICTED~~may BYissue ~~THE~~an ~~SEC'S~~amount ~~PENNY~~of ~~STOCK~~our ~~REGULATIONS~~authorized ~~AND~~but ~~THE~~unissued ~~FINRA'S~~common or ~~SALES~~preferred ~~PRACTICES~~stock which represents the majority of the voting power and equity of our capital stock, ~~WHICH~~which ~~MAY~~would ~~LIMIT~~result Ain ~~STOCKHOLDER'S~~stockholders of ~~ABILITY~~a TOtarget ~~BUY~~company ~~AND~~obtaining ~~SELL~~a ~~OUR~~controlling ~~STOCK~~interest in us. As a condition of the business combination agreement, our current stockholders may agree to sell or transfer all or a portion of our common stock as to provide the target company with all or majority control. The resulting change in control may result in removal of our present officers and directors and a corresponding reduction in or elimination of their participation in any future affairs.

~~Our~~We depend stock is a penny stock currently. The SEC has adopted Rule 15g-9 which generally defines "penny stock" to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on ~~broker-~~our ~~dealers~~officers ~~who sell to persons other than established customers~~ and ~~"accredited investors", as defined. Rule 15g-2 requires a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from~~ the ~~rules,~~loss ~~to deliver a standardized risk disclosure document in a form required by the SEC which provides information about penny stocks and the nature and level~~ of ~~risks~~their inservices ~~the~~would ~~penny~~have stock market, and cautions investors against making a hurried investment decision. The broker-dealer must also provide the customer with the current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction. The broker-dealer must also send a confirmation of these prices after the trade. After a purchase of penny stock, the broker-dealer must send a monthly account statement that gives an ~~estimate~~adverse ofeffect ~~the~~on ~~value~~our ~~of each penny stock purchased.~~business

17We have ~~Table~~officers and directors of ~~Contents~~the Company that are critical to our chances for business success. We are dependent on their services to operate our business and the loss of these persons, or any of them would have an adverse impact on our future operations until such time as he or she could be replaced, if he could be replaced. We do not have employment contracts or employment agreements with our officers, and we do not carry key man life insurance on their lives.

InBecause we ~~addition,~~are ~~the~~significantly ~~penny~~smaller ~~stock~~than ~~rules require that prior to a transaction in a penny stock not otherwise exempt from these rules;~~ the ~~broker-dealer~~some ~~must~~of ~~make~~our acompetitors, ~~special~~we ~~written~~may ~~determination~~lack ~~that~~ the ~~penny~~resources ~~stock~~needed ~~is a suitable investment for the purchaser and receive the purchaser's written agreement~~ to ~~the~~capture ~~transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary~~ market ~~for the stock that is subject to these penny stock rules.~~share

~~Consequently,~~The oil ~~these~~industry ~~penny~~is ~~stock~~highly ~~rules~~competitive, ~~may~~and ~~affect~~our ~~the~~operation ~~ability~~will ofbe ~~broker-dealers~~smaller toin ~~trade~~size than some of our ~~securities~~competitors. We ~~believe~~are ~~that~~at ~~the~~a ~~penny~~disadvantage as ~~stock~~a ~~rules~~blank ~~discourage~~check ~~investor~~company, ~~interest~~we indo not have an established business. Many of our competitors have an already established their business, more established market presence, and ~~limit~~substantially ~~the~~greater ~~marketability~~financial, ofmarketing, and other resources than do we. New competitors may emerge and may develop new or innovative products that compete with our ~~common~~anticipated ~~stock~~future production. No assurance can be given that we will be able to compete successfully within the oil industry.

In addition to the "penny stock" rules promulgated by the SEC, the FINRA has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative, low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker- dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock.14

~~ITEM~~Our ability ~~1B.~~to ~~UNRESOLVED~~use ~~STAFF~~our ~~COMMENTS.~~net operating loss carry-forwards and certain other tax attributes may be limited

~~Not~~We have ~~applicable~~incurred losses during our history. To the extent that we continue to generate taxable losses, unused losses will carry forward to offset future taxable income, if any, until such unused losses expire. Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, if a ~~smaller~~corporation ~~reporting~~undergoes ~~company~~an “ownership change,” generally defined as a greater than 50% change (by value) in its equity ownership over a three-year period, the corporation’s ability to use its pre-change net operating loss carry-forwards, or NOLs, and other pre-change tax attributes (such as research tax credits) to offset its post-change income may be limited. We may experience ownership changes in the future because of subsequent shifts in our stock ownership. As a result, if we earn net taxable income, our ability to use our pre-change net operating loss carryforwards to offset U.S. federal taxable income may be subject to limitations, which could potentially result in increased future tax liability to us. In addition, at the state level, there may be periods during which the use of NOLs is suspended or otherwise limited, which could accelerate or permanently increase state taxes owed.

~~ITEM~~Our ability 2.to ~~PROPERTIES.~~hire and retain key personnel will be an important factor in the success of our business and a failure to hire and retain key personnel may result in our inability to manage and implement our business plan

~~Corporate~~Our management ~~Headquarters~~has limited mining experience and we may not be able to attract and retain the necessary qualified personnel. If we are unable to retain or to hire qualified personnel as required, we may not be able to adequately manage and implement our business plan.

~~Our~~Legal disputes ~~corporate~~could ~~headquarters,~~have ~~consisting~~an ofimpact ~~178~~on ~~square meters, are located at Twenty-fourth Floor, Block B, Xinhui Mansion, Gaoxin Road, Hi-tech Zone, Xi'An, Shaanxi Provence PRC, 710075. Our telephone number is (86)29-88331685 and~~ our ~~fax number is (86)29-88332335. We moved to this office that was owned by Shaanxi Baishui Dukang Liquor Co., Ltd, one of our related parties, in April 2015. We are allowed to occupy the space for free.~~Company

~~Land~~We plan ~~use~~to ~~right~~engage ~~leasing~~in ~~Parcel~~business matters that are common to the business world that can result in disputations of a legal nature. In the event the Company is ever sued or finds it necessary to bring suit against others, there is the potential that the results of any such litigation could have an adverse impact on the Company.

~~All~~Our common ~~land~~stock ~~in China~~ is ~~owned~~quoted byon the ~~state.~~OTC ~~Individuals and companies are permitted to acquire rights to use land, or "land use rights," for specific purposes~~MARKETS. InAn ~~the~~investment ~~case~~in ofour ~~land~~common ~~used~~stock ~~for~~is ~~commercial~~risky ~~purposes, the land use rights are granted for a period of 50 years. The original period,~~ and ~~any~~there ~~subsequent~~can ~~periods, may~~ be ~~renewed~~no ~~prior~~assurance tothat ~~their~~the ~~expiration.~~price ~~Granted~~for our ~~land~~stock ~~use~~will ~~rights~~not ~~are~~decrease ~~transferable~~substantially ~~and~~in ~~may~~the ~~be used as security for borrowings and other obligations.~~future

WeOur common ~~have~~stock ~~land~~is ~~use~~quoted ~~rights~~on ~~(certificate~~the NoOTC Markets. ~~(2006)~~The ~~3240001),~~market infor aour ~~5.7~~stock ~~square~~has ~~kilometer~~been ~~parcel~~volatile inand ~~Huanghe~~has ~~Nantan~~been ~~(Huanghe~~characterized ~~Bay),~~by ~~Heyang~~large ~~County,~~swings ~~Shaanxi~~in ~~province.~~the trading Weprice ~~currently~~that ~~lease~~do anot ~~portion~~appear ofto ~~this~~be ~~parcel~~directly related to ~~Shaanxi~~our ~~Huanghe~~business ~~Bay~~or ~~Ecological~~financial ~~Agriculture Co~~condition., ~~Ltd,~~As a ~~related~~result, ~~party~~an ofinvestment ~~the~~in ~~Company,~~our ~~for~~common stock ~~the~~is ~~development~~risky and ~~operation~~there ofcan abe ~~theme~~no ~~park.~~assurance ~~The~~that ~~lease~~the ~~expires~~price onfor ~~December~~our ~~31,~~stock ~~2029~~will not decrease substantially in the future.

18Our stock ~~Table~~trades ofbelow ~~Contents~~$5.00 per share and is subject to special sales practice requirements that could have an adverse impact on any trading market that may develop for our stock

~~The~~If our ~~photograph~~stock trades below ~~shows~~$5.00 anper ~~overview~~share and is subject to special sales practice requirements applicable to "penny stocks" which are imposed on broker-dealers who sell low-priced securities of this type. These rules may be anticipated to affect the ability of broker-dealers to sell our ~~land~~stock, which may in ~~Huanghe~~turn ~~Bay~~be anticipated to have an adverse impact on the market price for our stock if and when an active trading market should develop.

~~The solar PV parcel~~15

WeOur officers, ~~owned~~directors and principal stockholders own a ~~solar~~large PVpercentage ~~project,~~of ~~Huanghe~~our ~~Bay~~issued ~~Project,~~and asoutstanding ofshares ~~December~~and ~~31,~~other ~~2016,~~stockholders ~~located~~have little inor ~~the~~no ~~Huanghe~~ability ~~Nantan~~to ~~(Huanghe~~elect ~~Bay),~~directors ~~Heyang~~or ~~County,~~influence ~~Shaanxi~~corporate ~~province.~~matters

~~ITEM~~As of 3September 30 2021, our officers, directors, and principal stockholders were deemed to be the beneficial owners of approximately 99% of our issued and outstanding shares of common stock. ~~LEGAL~~As ~~PROCEEDINGS~~a result, such persons can determine the outcome of any actions taken by us that require stockholder approval. For example, they will be able to elect all of our directors and control the policies and practices of the Company.

WeRisks Related ~~are~~to ~~not~~Our ~~aware~~Shareholders ofand ~~any~~Shares ~~material existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any~~ of ~~our~~Common ~~current directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to us.~~Stock

~~ITEM~~There is 4.presently ~~MINE~~no ~~SAFETY~~public ~~DISCLOSURES.~~market for our securities

~~Not~~Our common ~~applicable~~stock is not currently trading on any market, and a robust and active trading market may never develop. Because of our current status as a “shell company,” Rule 144 is not currently available. Future sales of our common stock by existing stockholders pursuant to an effective registration statement or upon the availability of Rule 144 could adversely affect the market price of our common stock. A shareholder who decides to sell some, or all, of their shares in a private transaction may be unable to locate persons who are willing to purchase the shares, given the restrictions. Also, because of the various risk factors described above, the price of the publicly traded common stock may be highly volatile and not provide the true market price of our common stock.

19Our stock ~~Table~~is not traded, so you may be unable to sell your shares at or near the quoted bid prices if you need to sell a significant number of ~~Contents~~your shares

~~PART~~Even if IIour stock becomes trading, it is likely that our common stock will be thinly traded, meaning that the number of persons interested in purchasing our common shares at or near bid prices at any given time may be relatively small or non-existent. This situation is attributable to a number of factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment community that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse and would be reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time as we became more seasoned and viable. Consequently, there may be periods of several days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price. We cannot give you any assurance that a broader or more active public trading market for our common shares will develop or be sustained, or that current trading levels will be sustained. Due to these conditions, we can give you no assurance that you will be able to sell your shares at or near bid prices or at all if you need money or otherwise desire to liquidate your shares.

~~ITEM~~Our common 5.stock ~~MARKET~~is ~~FOR~~be ~~REGISTRANT'S~~considered ~~COMMON~~a ~~EQUITY~~“penny stock,” ~~RELATED~~and ~~STOCKHOLDER~~thereby ~~MATTERS~~be ~~AND~~subject ~~ISSUER~~to ~~PURCHASES~~additional OFsale ~~EQUITY~~and ~~SECURITIES.~~trading regulations that may make it more difficult to sell

A common stock is a “penny stock” if it meets one or more of the following conditions (i) the stock trades at a price less than $5.00 per share; (ii) it is not traded on a “recognized” national exchange; (iii) it is not quoted on the Nasdaq Capital Market, ~~information~~or even if so, has a price less than $5.00 per share; or (iv) is issued by a company that has been in business less than three years with net tangible assets less than $5 million.

The trading of our stock was suspended on April 1, 2011 by the SEC but resumed trading on April 17, 2014. Except the suspension period, the Company's common stock is currently trading on the OTC Markets under the trading symbol "CHJI.". There is currently a thinly traded market for the Company's common stock on the OTC Markets Group, Inc. Pink Current Tier. The following table sets forth the range of high and low bid prices as reported by the OTC Markets for the periods indicated. Such quotations represent inter-dealer prices without retail markup, markdown, or commission, and may not necessarily represent actual transactions.16

	High		Low
Fiscal Year Ended December 31, 2017
First Quarter	$	0.04	$	0.04
Fiscal Year Ended December 31, 2016
First Quarter	$	0.0423	$	0.0036
Second Quarter	$	0.045	$	0.04
Third Quarter	$	0.0423	$	0.04
Fourth Quarter	$	0.04	$	0.04
Fiscal Year Ended December 31, 2015
First Quarter	$	0.13	$	0.04
Second Quarter	$	0.045	$	0.045
Third Quarter	$	0.045	$	0.04
Fourth Quarter	$	0.04	$	0.035

The principal result or effect of being designated a “penny stock” is that securities broker-dealers participating in sales of our common stock will be subject to the “penny stock” regulations set forth in Rules 15g-2 through 15g-9 promulgated under the Exchange Act. For example, Rule 15g-2 requires broker-dealers dealing in penny stocks to provide potential investors with a document disclosing the risks of penny stocks and to obtain a manually signed and dated written receipt of the document at least two business days before effecting any transaction in a penny stock for the investor’s account. Moreover, Rule 15g-9 requires broker-dealers in penny stocks to approve the account of any investor for transactions in such stocks before selling any penny stock to that investor. This procedure requires the broker-dealer to (i) obtain from the investor information concerning his or her financial situation, investment experience and investment objectives; (ii) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker-dealer made the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor’s financial situation, investment experience and investment objectives. Compliance with these requirements may make it more difficult and time consuming for holders of our common stock to resell their shares to third parties or to otherwise dispose of them in the market or otherwise.

~~Holders~~We may issue more shares in an acquisition or merger, which will result in substantial dilution

AsOur Articles of ~~March~~Incorporation, 31as amended, ~~2017~~authorize the Company to issue an aggregate of 500,000,000 weshares ~~had~~of 3common stock of which 64,~~582~~629,559 shares ~~record~~are ~~holders~~currently outstanding and 10,000,000 shares of Preferred Stock of which 10,000,000 shares of Preferred C Stock are authorized and 1,000,000 shares are outstanding. Any acquisition or merger effected by the Company may result in the issuance of additional securities without stockholder approval and may result in substantial dilution in the percentage of our common stock held by our then existing stockholders. Moreover, shares of our common stock issued in any such merger or acquisition transaction may be valued on an arbitrary or non-arm’s-length basis by our management, resulting in an additional reduction in the percentage of common stock held by our then existing stockholders. In an acquisition type transaction, our Board of Directors has the power to issue any, or all, of such authorized but unissued shares without stockholder approval. To the extent that additional shares of common stock are issued in connection with a business combination or otherwise, dilution to the interests of our stockholders will occur and the rights of the holders of common stock might be materially adversely affected.

~~Dividends~~Obtaining additional capital though the sale of common stock will result in dilution of stockholder interests

ToWe may ~~date~~raise additional funds in the future by issuing additional shares of common stock or other securities, wewhich ~~have~~may ~~not~~include ~~declared~~securities such as convertible debentures, warrants or ~~paid~~preferred ~~any~~stock ~~dividends~~that onare ~~our~~convertible into common stock. WeAny ~~currently~~such dosale ~~not~~of ~~anticipate~~common ~~paying~~stock ~~any~~or other ~~cash~~securities ~~dividends~~will inlead to further dilution of the ~~foreseeable~~equity ~~future~~ownership onof existing holders of our common stock. ~~Although~~Additionally, wethe ~~intend~~existing conversion torights ~~retain~~may ~~our~~hinder ~~earnings~~future equity offerings, ifand the exercise of those conversion rights may have an adverse effect on the value of our stock. If any, tosuch ~~finance~~conversion rights are exercised at a price below the ~~exploration~~then ~~and~~current ~~growth~~market price of our ~~business~~shares, ~~our~~then ~~board~~the market price of ~~directors~~our ~~reserves~~stock could decrease upon the ~~right~~sale toof ~~declare~~such ~~and~~additional ~~pay~~securities. ~~dividends~~Further, inif any such conversion rights are exercised at a price below the ~~future~~price at which any stockholder purchased shares, tothen ~~the~~that ~~extent~~particular ~~permitted~~stockholder bywill ~~law~~experience dilution in his or her investment.

~~Stock~~Our directors ~~Option~~have ~~Grants~~the authority to authorize the issuance of preferred stock

~~None~~Our Articles of Incorporation, as amended, authorize the Company to issue an aggregate of 10,000,000 shares of Preferred C Stock. Our directors, without further action by our stockholders, have the authority to issue shares to be determined by our board of directors of Preferred Stock with the relative rights, conversion rights, voting rights, preferences, special rights, and qualifications as determined by the board without approval by the shareholders. Any issuance of Preferred Stock could adversely affect the rights of holders of common stock. Additionally, any future issuance of preferred stock may have the effect of delaying, deferring, or preventing a change in control of the Company without further action by the shareholders and may adversely affect the voting and other rights of the holders of common stock. Our Board does not intend to seek shareholder approval prior to any issuance of currently authorized stock, unless otherwise required by law or stock exchange rules.

~~Unregistered Sales of Equity Securities~~17

~~There~~We have ~~were~~never nopaid ~~unregistered~~dividends ~~sales~~on ofour ~~the~~common ~~Company’s~~stock, ~~equity~~nor ~~securities~~are ~~during~~we ~~the~~likely ~~fiscal~~to ~~year~~pay ~~ended~~dividends ~~December~~in ~~31,~~the ~~2016~~foreseeable ~~that~~future. ~~were~~Therefore, ~~not~~you ~~otherwise~~may ~~disclosed~~not inderive any aincome ~~Current~~solely ~~Report~~from onownership ~~Form~~of ~~8-K.~~our stock

~~Repurchases~~We have never declared or paid dividends on our common stock and do not presently intend to pay any dividends in the foreseeable future. We anticipate that any funds available for payment of ~~Shares~~dividends bywill be re-invested into the Company to further our business strategy. This means that your potential for economic gain from ownership of our stock depends on appreciation of our stock price and will only be realized by a sale of the stock at a price higher than your purchase price.

~~None~~Item 1B. Unresolved Staff Comments

~~ITEM 6. SELECTED FINANCIAL DATA.~~None

~~Not~~Item ~~required for a smaller reporting company~~2. Properties

20We do ~~Table~~not ofown ~~Contents~~any property and do not pay for office space.

~~ITEM~~Item 73. ~~MANAGEMENT'S~~Legal ~~DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.~~Proceedings

~~The~~There are ~~following~~not ~~discussion~~any ~~and~~material ~~analysis~~pending ~~should~~legal beproceedings ~~read~~to inwhich ~~conjunction~~the ~~with~~Registrant ~~our~~is ~~consolidated~~a ~~financial~~party ~~statements~~or ~~and~~as ~~the~~to ~~related~~which ~~notes~~any ~~thereto~~of asits ~~filed~~property ~~with~~is ~~the~~subject, ~~SEC~~ and no ~~other~~such ~~financial~~proceedings ~~information~~are ~~contained~~known ~~elsewhere~~to inthe ~~this~~Registrant ~~Form~~to ~~10-K~~be threatened or contemplated against it.

~~Overview~~Item 4. Mine Safety Disclosures

We have transitioned our business from mining to clean new energy, and mainly focus on the solar photovoltaic, or "PV", downstream market at present stage. We are currently in the development stage with the goal of becoming a turnkey developer and Engineering, Procurement and Construction contractor of solar PV energy facilities. We intend to design, engineer, construct, market and sell high-quality PV energy facilities for commercial and utility applications to local markets. The Company decided not to recognize the revenue of electricity supply for the year ended December 31, 2016 due to the uncertain collectability.N/A

Before June 1, 2012, we were engaged in exploration for commercially recoverable metal-bearing mineral deposits. On June 1, 2012, we entered into an agreement with Xunyang Yongjin Mining Co., Ltd to transfer our mining exploration rights for a cash payment of $2,380,612 (RMB 15,000,000). Further, on December 30, 2013, our subsidiary, Shaanxi Changjiang Mining &New Energy Co., Ltd. ("Shaanxi Changjiang"), entered into Equity Transfer Agreements with each of Zhang Hong Jun, a director of the Company and owner of a controlling interest in the Company (holding 54.43% as of December 31, 2013), and Wang Sheng Li, a director and shareholder of the Company (holding 11.52% as of December 31, 2013), to sell Shaanxi Changjiang's entire 60% interest in Shaanxi East Mining Co., Ltd., ("East Mining" and formerly referred to as "Dongfang Mining") for a total consideration of $885,696 (RMB 5,400,000). The consideration payable to the Company was used to offset amounts owed to each of the acquirers. Each of the acquirers obtained 30% equity in this transaction. 18

We also hold land use rights in a land parcel and we lease a portion of the land use rights on the 5.7 square kilometer parcel to Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd (previously Shaanxi Huanghe Bay Spring Lake Park Co., Ltd.),, a company with Zhang Hong Jun, a director of the Company and owner of a controlling interest in the Company. The term of the lease agreement is from January 1, 2011 to December 31, 2029. Our land use rights are amortized over their 50 year term. ~~The Land use right was our largest asset, with an annual rent of approximately $1.2 million (RMB 7, 500,000).~~PART II

AsItem ~~of December 31, 2016, we only received rent payment of 2011 and no any collection afterwards~~5. ~~Due~~Market toPrice ~~the uncertain collectability, we decided to write off all the receivable related to land lease of $3,618,818 (equivalent to RMB 22,500,000) during the year of 2015~~ and ~~decided~~Dividends ~~not~~on ~~to recognize any revenue for~~ the ~~years~~Registrant’s ~~ended~~Common ~~December~~Equity ~~31, 2015~~ and ~~2016.~~Related Stockholder Matters

~~Our land use rights are amortized over 50-year term. The following is~~ (a) Market ~~summary of the book value of our land use rights as of December 31, 2016:~~information.

Cost	$	18,432,882
Less: Accumulated amortization		4,721,760
Land use rights, net	$	13,711,122

Our common stock is not currently trading on any market, and a robust and active trading market may never develop. Because of our current status as a “shell company,” Rule 144 is not currently available. Future sales of our common stock by existing stockholders pursuant to an effective registration statement or upon the availability of Rule 144 could adversely affect the market price of our common stock. A shareholder who decides to sell some, or all, of their shares in a private transaction may be unable to locate persons who are willing to purchase the shares, given the restrictions. Also, because of the various risk factors described above, the price of the publicly traded common stock may be highly volatile and not provide the true market price of our common stock.

~~The amortization expense for the year ended December 31, 2016 and December 31, 2015 was $385,345 and $411,717, respectively~~(b) Holders.

As of ~~reflected~~March in28, ~~the accompanying consolidated financial statements~~2022, ~~the~~there ~~Company~~are ~~had~~approximately an1996 ~~accumulated~~holders ~~deficit~~ of ~~$7,926,913~~an asaggregate of ~~December 31~~64, ~~2016~~629,559 ~~which~~shares ~~includes net loss~~ of ~~$562,860~~our ~~for~~Common ~~the~~Stock ~~year~~issued ~~ended~~and ~~December 31, 2016~~outstanding. ~~The Company's operations used cash was $120,988 in 2016.~~

~~In the past, the Company relied on the loan received from the related parties, and cash generated from operations to meet its operating requirements~~(c) Dividends. Although the Company was successful in the past in obtaining financing, there can be no assurance that it will be able to obtain adequate financing in the future or that the terms of such financings will still be favorable. However in the event that we have insufficient cash to meet our operating requirements, our related companies and shareholders will commit to provide loan to maintain liquidity.

We have ~~believe~~not ~~that~~paid weany ~~have~~cash ~~adequate~~dividends ~~capital~~ to ~~assure~~date ~~that~~and wedo ~~will~~not beanticipate ~~able~~or tocontemplate ~~meet~~paying ~~our~~dividends ~~obligations~~in orthe ~~obtain~~foreseeable ~~sufficient~~future. ~~capital~~It tois ~~complete~~the ~~our~~president intention ~~plan~~ of ~~operations~~management to utilize all available funds for the ~~next~~development ~~twelve~~of ~~(12)~~the ~~months~~Registrant’s business.

21(d) Securities ~~Table~~authorized offor ~~Contents~~issuance under equity compensation plans.

~~Results of Operations~~None.

~~Comparison~~Item of6. ~~the Years Ended December 31, 2016 and December 31, 2015~~[Reserved]

~~Sales revenue~~N/A

WeItem ~~generated $12,356 of revenue from sales of solar PV energy for the year ended December 31, 2016, comparing to revenue of $16,718 for the year ended December 31, 2015~~7. ~~However,~~Management’s ~~due~~Discussion toand ~~the~~Analysis ~~collectability is not reasonably assured, we decided to write off the revenue from the fourth quarter~~ of ~~2016~~Financial inCondition ~~the~~and ~~amount~~Results of ~~$3,038. As a result, the revenue was $12,356for the year ended December 31, 2016, while the total revenue was $16,718 for the year ended December 31, 2015.~~Operations

~~Operating~~This 10-K ~~Expense~~was also incorporated in our registration statement filed under Form 10. Moving forward we will file with the SEC annual and quarterly information and other reports that are specified in the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and SEC regulations. Thus, we will need to ensure that we will have the ability to prepare, on a timely basis, financial statements that comply with SEC reporting requirements following the effectiveness of our registration statement. We will also become subject to other reporting and corporate governance requirements, including the listing standards of any securities exchange upon which we may list our Common Stock, and the provisions of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), and the regulations promulgated hereunder, which impose significant compliance obligations upon us. As a public company, we will be required, among other things, to:

~~Total~~· ~~operating~~Prepare ~~expenses~~and ~~for~~distribute ~~the~~reports ~~year~~and ~~ended~~other ~~December~~stockholder ~~31,~~communications ~~2016~~in ~~decreased~~compliance towith ~~$570,156~~our ~~from~~obligations ~~comparable~~under ~~figure of $4,674,545 for~~ the ~~year~~federal ~~ended~~securities ~~December~~laws ~~31, 2015, representing a decrease of $4,104,389, or 88%. The operating expenses decreased significantly because we wrote off a total balance of $3,897,124 due from related parties~~ and ~~total balance of $71,820 receivable from third parties due to uncertain collectability at~~ the ~~year~~applicable ~~end~~national ofsecurities ~~2015.~~exchange ~~And~~listing the depreciation expense decreased to $30,725, from comparable figure of $53,174. The amortization expense for the year ended December 31, 2016 slightly decreased by $26,372, or 6.41%, due to the depreciation of RMB to USD, and no addition or disposal occurred for Land use rights.rules;

~~Net~~· ~~Loss~~Define and expand the roles and the duties of our Board of Directors and its committees;

~~Net~~· ~~Loss~~Institute ~~for~~more ~~the~~comprehensive ~~year ended December 31~~compliance, ~~2016~~investor ~~was~~relations ~~$562,741,~~and asinternal ~~compared~~audit to a net loss of $4,655,722 for year ended December 31, 2015. The significant improvement in our operating results was mainly attributable to the bad debt expense of $3,968,944 for the year ended December 31, 2015.functions;

~~Comprehensive~~· ~~Loss~~Involve and retain outside legal counsel and accountants in connection with the activities listed above.

Our comprehensive loss for the year ended December 31, 2016 was $1,301,939 compared with comprehensive loss of $5,321,924 for the year ended December 31, 2015. The other comprehensive income (loss) for each period only referred to the foreign currencies translation gain (loss), between U.S. Dollar and Chinese Yuan RMB (or Hong Kong Dollar for Wah Bon). The exchange rate of RMB against USD depreciated from 6.4907 as of December 31, 2015 to 6.9437 as of December 31, 2016, resulting in the other comprehensive loss of $739,198 for the year ended December 31, 2016, compared with the other comprehensive loss of $666,202 for the year ended December 31, 2015.19

~~Stockholders'~~Management for ~~Equity~~each year commencing with the year ending December 31, 2021, must assess the adequacy of our internal control over financial reporting. Our internal control over financial reporting will be required to meet the standards required by Section 404 of the Sarbanes-Oxley Act. We will incur additional costs in order to improve our internal control over financial reporting and comply with Section 404, including increased auditing and legal fees and costs associated with hiring additional accounting and administrative staff. Ultimately, our efforts may not be adequate to comply with the requirements of Section 404. If we are unable to implement and maintain adequate internal control over financial reporting or otherwise to comply with Section 404, we may be unable to report financial information on a timely basis, may suffer adverse regulatory consequences, may have violations of the applicable national securities exchange listing rules, and may breach covenants under our credit facilities.

~~Stockholders'~~The significant ~~equity~~obligations ~~decreased~~related to ~~$10,247,410~~being asa public company will continue to require a significant commitment of ~~December~~additional ~~31,~~resources ~~2016,~~and management oroversight ~~approximately~~that ~~11%~~will increase our costs and might place a strain on our systems and resources. As a result, our management’s attention might be diverted from ~~$11,487,393~~other asbusiness ofconcerns. ~~December~~In 31addition, ~~2015~~we might not be successful in implementing and maintaining controls and procedures that comply with these requirements. ~~The~~If ~~significant~~we ~~decrease~~fail ~~was~~to ~~primarily~~maintain ~~due~~an effective internal control environment or to comply with the ~~net~~numerous ~~loss~~legal ~~562~~and regulatory requirements imposed on public companies,~~741~~ ~~the~~we ~~other~~could ~~comprehensive~~make ~~loss~~material oferrors ~~$739~~in,~~198,~~ and ~~offset~~be byrequired anto ~~increase~~restate, our infinancial ~~additional~~statements. ~~paid-~~Any such restatement could result in ~~capital~~a loss of ~~$61,956~~public ~~for~~confidence in the ~~year~~reliability ~~ended~~of ~~December~~our ~~31,~~financial ~~2016~~statements and sanctions imposed on us by the SEC.

~~The~~CHJI is ~~increase in~~a ~~additional~~blank ~~paid~~check incompany ~~capital~~and ~~was due~~has tono anoperations. ~~exemption~~Our ~~from~~business ~~the~~plan ~~loan~~includes acquisitions of ~~RMB367,464~~operating ~~(approximately $55,316) owed to Shaanxi East Mining Co~~companies., ~~Ltd,~~In ~~a related party of the Company~~summary, asCHJI ~~Shaanxi~~is focused ~~East~~on ~~Mining~~raising ~~Co.,~~capital ~~Ltd~~for ~~had~~its ~~been officially cancelled in~~ business onplan. ~~April~~As ~~29, 2016, and an exemption from the salary payable~~ of ~~RMB~~this 44filing,~~111(approximately~~ ~~$6,640)~~we ~~that~~have ~~had~~not ~~been~~raised ~~paid~~any bycapital ~~Shaanxi~~and ~~Dukang~~our ~~Liquor~~business ~~Group,~~is anot ~~related~~yet ~~party~~operational.

~~Liquidity~~Results of Operations for China Changjiang Mining & New Energy Company, Ltd.—Comparison of the Years ended December 31, 2021 and ~~Capital~~2020 ~~Resources~~

~~Cash Flows From Operating Activities~~Revenue

~~Net~~We had ~~cash~~no ~~used~~revenues in operating activities of $115,183 for the year ended December 31, 2016 was primarily attributable to net loss of $562,741 The adjustments to reconcile our net loss to net cash flow mainly include depreciation and amortization expense of $416,070, allowance for doubtful accounts of $35,816 an increase in due from ~~related~~operations ~~party~~during ofeither ~~$10,940,~~2021 anor ~~increase in other current assets and prepayments of $567, and an increase in other payables and accrued liabilities of $6,045~~2020.

~~Cash~~General and ~~Flows~~Administrative ~~From Investing Activities~~Expense

~~There~~General and isAdministrative noExpenses ~~cash~~were ~~flow~~Nil infor ~~investing~~the ~~activities~~year ended December 31, 2021 compared to Nil for the ~~years~~year ended December 31, ~~2015~~2020, ~~and~~an ~~2016~~increase of $0.

22Stock compensation ~~Table of Contents~~expense

~~Cash~~During the ~~Flows~~year ~~From~~ended ~~Financing~~December ~~Activities~~31, 2021, we incurred Nil on non-cash stock compensation expense from the issuance of common stock for payment of debt on behalf of the company. There was no stock issued for services or debt payment in the prior year.

Net ~~cash provided by financing activities of $111,087 for the year ended December 31, 2016 was the proceeds from related parties.~~ Loss

~~Net~~We had ~~cash~~a ~~provided~~net byloss ~~financing activities~~ of $68119,~~426~~757 for the year ended December 31, ~~2015~~2021, ~~was~~compared to a net loss of $322,467 for the ~~proceeds~~year ~~from~~ended ~~related~~December ~~parties~~31, 2020.

~~General~~20

~~As in previous year, we have access to short~~ Liquidity and ~~long~~Capital ~~term loans of cash from our directors or other related parties.~~Resources

~~The~~As of ~~Company~~December ~~borrowed~~31, 2021, we had $~~111~~0 of cash,~~087~~ ~~from~~$4,099,682 ~~related~~in ~~parties~~liabilities, and an accumulated deficit of $20,289,825. We used zero of cash in operations for the year ended December 31, ~~2016~~2021 and received net proceeds from financing of $0.

The financial ~~Company~~statements ~~borrowed~~accompanying ~~$68~~this Report have been prepared on a going concern basis,~~426~~ ~~from~~which ~~related~~contemplates ~~parties~~the ~~for~~realization of assets and settlement of liabilities and commitments in the ~~year~~normal ~~ended~~course of our business. As reflected in the accompanying financial statements, we have not yet generated any revenue, had a net loss of $119,757 and have an accumulated stockholders’ deficit of $4,099,682 as of December 31, ~~2015~~2021. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional funds and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

~~Our~~Item ~~current assets decreased by $1,703 and total assets decreased by $2,574,758 respectively~~7A. ~~The~~Quantitative ~~increased current assets were resulted from our increase in other current asset~~ and ~~prepayment~~Qualitative ~~and~~Disclosures ~~the~~About ~~decreased~~Market ~~total assets were mainly due to the writing off receivables due from related parties and depreciation of RMB to USD~~Risk.

~~We have cash~~ As of ~~$12,512 and $13,550 as of~~ December 31, ~~2016~~2021, ~~and 2015 respectively. The decrease of cash balance was mainly due to the fact that~~ we ~~did~~were not ~~receive~~subject to any ~~cash~~market ~~for~~or ~~our~~interest ~~business~~rate ~~for the year ended December 31, 2016~~risk.

~~However,~~Item we8. ~~believe~~Financial ~~that~~Statements weand ~~have~~Supplementary ~~sufficient cash to fund operations for the next twelve months~~Data.

~~Financing~~This information appears following Item 15 of this Report and is included herein by reference.

WeItem ~~anticipated~~9. ~~that~~Changes ~~cash~~in ~~generated~~and ~~from~~Disagreements ~~operating~~with ~~activities~~Accountants ~~will~~on beAccounting ~~sufficient~~and toFinancial ~~sustain our daily operations for the next twelve months~~Disclosure.

~~Inflation~~N/A

~~Our~~Item ~~management~~9A. ~~believes~~Controls ~~that~~and ~~inflation did not have a material effect on our results of operations in 2016.~~Procedures

~~Going~~Management’s Evaluation ~~Concern~~of Disclosure Controls and Procedures

WeOur disclosure ~~had~~controls aand ~~working~~procedures ~~capital~~are ~~deficit~~designed ofto ~~$1,191,997~~provide asreasonable ofassurance ~~December~~that ~~31,~~the ~~2016~~information ~~and~~required ~~had~~to abe ~~negative~~disclosed ~~cash~~by ~~flow~~us ~~from~~in reports ~~operating~~that ~~activities~~we ~~amounted~~file toor ~~$115,183~~submit ~~for~~under the ~~year~~Exchange ~~ended~~Act ~~December~~is ~~31,~~accumulated ~~2016.~~and Ifcommunicated weto ~~cannot~~our ~~generate~~management, ~~enough~~including ~~cash~~our ~~flow~~principal ~~from~~executive officer ~~its~~and ~~operating~~principal ~~activities~~financial officer, weas ~~will~~appropriate ~~need~~ to ~~consider~~allow ~~other~~timely ~~financing~~decisions ~~methods~~regarding ~~such~~required asdisclosure ~~borrowing~~and ~~from~~is ~~banking~~recorded, ~~institutions~~processed, summarized orand ~~raising~~reported ~~additional~~within ~~capital~~the ~~through~~time ~~new~~periods ~~equity~~specified ~~issuance.~~in ~~There~~the ~~are~~rules noand ~~assurances~~forms ~~that~~of ~~additional~~the ~~funds~~SEC. ~~will~~Based beupon ~~available~~that ~~when~~evaluation, ~~needed~~our ~~from~~principal executive ~~any~~officer ~~source~~and ~~or,~~principal iffinancial ~~available,~~officer ~~will~~concluded bethat, ~~available~~as onof ~~terms~~the ~~that~~end ~~are~~of ~~acceptable~~the toperiod ~~us.~~covered Weby ~~plan~~this toreport, ~~continue~~our todisclosure controls ~~control~~and ~~our~~procedures ~~administrative~~were ~~expenses~~effective inat the ~~coming~~reasonable ~~periods~~assurance ~~as well as further develop our sales from our main business~~level.

~~Off-Balance~~Management’s Report ~~Sheet~~on ~~Arrangements~~Internal Control over Financial Reporting

WeOur management, dowith ~~not~~the ~~have~~participation ~~any~~of ~~off-balance~~our ~~sheet~~principal ~~arrangements~~executive officer and principal financial officer, is responsible for establishing and maintaining adequate internal control over our financial reporting. Our internal control system was designed to provide reasonable assurance to management regarding the preparation and fair presentation of published financial statements.

~~Contractual Obligations~~21

~~None~~Our management, consisting of our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls over financial reporting will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, misstatements, errors, and instances of fraud, if any, within our company have been or will be prevented or detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks that internal controls may become inadequate as a result of changes in conditions, or through the deterioration of the degree of compliance with policies or procedures.

23Changes in ~~Table~~Internal ofControl ~~Contents~~over Financial Reporting

~~Basis~~There was ofno ~~Presentation~~change in the Company’s internal control over financial reporting that occurred during the year ended December 31, 2021 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~The Company~~Management's Assessment ~~consolidated~~Regarding ~~financial~~Internal ~~statements~~Control ~~have~~Over ~~been~~Financial ~~prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP").~~Reporting

This annual ~~basis~~report ofdoes ~~accounting~~not ~~differs~~include ina ~~certain~~report ~~material~~of ~~respects~~management's ~~from~~assessment ~~that~~regarding ~~used~~internal ~~for~~control ~~the~~over ~~preparation~~financial ofreporting ~~the~~or ~~books~~an ofattestation report ~~account~~ of the ~~Company,~~company's ~~which~~registered ~~are~~public ~~prepared in accordance with the~~ accounting ~~principles~~firm ~~and~~due ~~the relevant financial regulations applicable~~ to ~~enterprises~~a ~~with~~transition ~~limited~~period ~~liabilities~~ established inby ~~the~~rules ~~PRC ("PRC GAAP"), the accounting standards used in the places~~ of ~~their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in~~ the ~~books~~Securities ofand ~~account~~Exchange Commission offor ~~the~~our ~~Company~~first toannual ~~present them in conformity with US GAAP~~report.

~~Critical~~Item ~~Accounting~~9B. ~~Policies~~Other Information.

Our discussion and analysis of our financial conditions and results of operations are based on our consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these consolidated financial statements requires us to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities to comply with generally accepted accounting principles. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from our estimates, which would affect the related amounts reported in our financial statements.N/A

AnItem ~~accounting~~9C. ~~policy~~Disclosure isRegarding ~~considered~~Foreign toJurisdictions ~~be critical if it requires an accounting estimate to be made based on assumptions about matters~~ that ~~are~~Prevent highly uncertain at the time the estimates are made, and if different estimates that reasonably could have been used, or changes in the accounting estimates that are reasonably likely to occur, could materially impact the consolidated financial statementsInspections. We believe that the following critical accounting policies reflect the significant estimates and assumptions which are used in the preparation of the consolidated financial statements and affect our financial condition and results of operations.

The Company recognizes revenue when the earnings process is complete, both significant risks and rewards of ownership are transferred or services have been rendered and accepted, the selling price is fixed or determinable, and collectability is reasonably assured. N/A

We are currently leasing the land use right to Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., a related company with the same controlling person, for the development and operation of a theme park. We generally collect the annual rent every year, and then recognize land use right leasing revenue over the beneficial period described by the agreement, as the revenue is realized or realizable and earned.22

We also supply electricity power by the solar PV energy segment. The electricity revenue is earned and recognized upon transmission of electricity to Heyang County Huanghe Bay Resort Hotel Co., Ltd., a related company with the same controlling person.PART III

~~Related~~Item ~~Party~~10. Directors, Executive Officers and Corporate Governance

AOur Officers party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, member of the immediate families of principal owners of the Company and ~~its~~directors ~~management~~ and ~~other~~additional ~~parties~~information ~~with~~concerning ~~which~~them ~~the~~are ~~Company~~as may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.follows:

24 Table of Contents

Name		Age				Position
Dr. Yang Chong Yi			60			CEO, President, Secretary, Treasurer, Director

~~Our related parties are the following individuals and entities: (i) Mr. Wang Sheng Li (a director of the Company), Mr. Chen Weidong (our President, Chief Executive~~ Officer and Chairman of the Board), Ms Li Ping (a director of the Company), and Ms. Chen Min (a director of the Company), all of whom are shareholders of the Company; (ii) Mr. Zhang Hong Jun, who is currently a director and controlling shareholder of the Company; (iii) Ms. Li Ping (our Chief Financial Officer and who has the same name with our Director Ms. Li Ping); and (iv) the following companies: Shaanxi Jiuzu Shaokang Liquor Co., Ltd.(Previously Shaanxi Baishui Dukang Liquor Development Co., Ltd.), Shaanxi Baishui Dukang Marketing Management Co., Ltd.(Previously Huitong World Property Superintendent Co.,Ltd.), Shaanxi Xi Deng Hui Development Stock Co., Ltd., Shaanxi Baishui Dukang Brand Management Co., Ltd., Zhongke Aerospace & Agriculture Development Stock Co., Ltd., Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd (Previously Shaanxi Huanghe Bay Spring Lake Park Co., Ltd.), Shaanxi Changfa Industrial Co., Ltd., Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously "Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), Shaanxi Dukang Liquor Trading Co., Ltd., Shaanxi East Mining Co., Ltd., Heyang County Huanghe Bay Resort Hotel Co., Ltd., Shaanxi Baishui Dukang Liquor Co., Ltd., Shaanxi Baishui Dukang Old Workshop Liquor Co., Ltd., Shaanxi Jiusheng Brand Operation Management Co., Ltd., Shaanxi Lantian Poverty Alleviation Investment Co., Ltd.,and Heyang County Huanghe Bay Resort Training Reception Center Co., Ltd. Bios

~~Cash flows from due from related parties are classified as cash flows from investing activities~~Dr. Yang ~~Cash~~Chong ~~flows~~Yi, ~~from~~Chief ~~due~~Executive ~~to related parties are classified as cash flows from financing activities.~~Officer

~~Financial~~Dr. Yang ~~Instruments~~Chong Yi is experienced in both governmental and private sectors, specializing in investment banking, and merger and acquisitions. Dr. Yang has held the following positions:

We· doDeputy ~~not~~Chief ~~employ~~in ~~derivative~~the ~~financial~~Bureau ~~instruments~~of ~~and~~Commodity ~~have~~Price noin ~~foreign~~Shanghai ~~exchange~~Development ~~contracts.~~and ~~Our~~Reform ~~financial~~Center ~~instruments~~· ~~are~~Associate ~~primarily~~Director ~~cash~~in ~~and~~Hongkong ~~cash~~First ~~equivalents,~~Eastern ~~but~~Investment ~~also~~Group ~~include~~· ~~receivables,~~General ~~payables,~~Manager ~~long~~in ~~term~~Shanghai ~~debt,~~First ~~and~~Food ~~short~~Investment ~~term~~Management ~~notes.~~Company We· doManaging ~~not~~Director ~~try to manage risk~~ of ~~foreign~~a ~~exchange~~state-owned ~~rates~~private orequity ~~engage in hedging activities.~~fund

~~Foreign~~Dr. Yang ~~Exchange~~also ~~Rates~~has experience consulting businesses in preparation for IPOs on listings on NASDAQ in addition to consulting commercial complex projects in the cities of New York and Los Angeles.

~~All~~Dr. Yang ofChong ~~our~~Yi ~~sales~~is ~~are in~~ the ~~Chinese~~author ~~currency,~~of ~~RMB,~~“Winning ~~but~~at ~~our~~Quitting” ~~financial~~and ~~reporting~~“The isEconomics inof U.Popularity” S.and ~~dollars.~~Visiting WeProfessor at ~~are~~Shanghai ~~therefore~~Lixin ~~subject~~Institute toof ~~fluctuations~~Finance inand ~~foreign~~Accounting, ~~exchange~~a ~~rates~~Distinguished inResearch ~~our~~Institution ~~reports.~~at ~~There~~the ~~can~~Economic beDevelopment noResearch ~~assurance~~Center of ~~that~~the ~~changes~~Shanghai inMunicipal ~~foreign~~Government. ~~exchange~~Lastly, ~~rates~~Dr. ~~will~~Yang ~~not~~is ~~have~~Executive aSecretary ~~material~~of ~~adverse~~the ~~impact~~Financial ~~on our financial reporting~~ and aEconomic ~~negative~~Committee ~~effect~~(Shanghai) onof the US-China ~~prices~~International Chamber of ~~our securities~~Commerce.

~~Foreign~~Item ~~currency translation gain or loss is reported as other comprehensive income (loss) in the consolidated statements of operations and comprehensive income (loss) and stockholders' equity~~11. ~~The~~Executive translation loss recorded for the years ended December 31, 2016 was $739,198, and the translation loss for the year ended December 31, 2015 were $666,202. The equity accounts were stated at their historical rate.Compensation

~~ITEM~~For each ~~7A.~~of ~~QUANTITATIVE~~the ~~AND~~fiscal ~~QUALITATIVE~~years ~~DISCLOSURES~~ended ~~ABOUT~~December ~~MARKET~~31, ~~RISK~~2021, and 2020 there was no direct compensation awarded to, earned by, or paid by us to any of our executive officers.

~~Not~~Item ~~required~~12. ~~for~~Security aOwnership ~~smaller~~of ~~reporting~~Certain ~~company.~~Beneficial Owners and Management and Related Stockholder Matters

~~ITEM~~(a) Security 8.ownership ~~FINANCIAL~~of ~~STATEMENTS~~certain ~~AND~~beneficial ~~SUPPLEMENTARY DATA~~owners.

The following ~~financial~~table ~~statements~~sets ~~and~~forth, ~~supplementary~~as ~~data~~of ~~filed~~December as31, ~~part~~2021, the number of ~~this~~shares ~~report~~of ~~are~~common ~~set~~stock ~~forth~~owned ~~beginning~~of onrecord ~~page F-1~~and beneficially by our executive officer, director and persons who beneficially own more than 5% of ~~this~~the ~~report~~outstanding shares of our common stock.

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

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership	Percentage of Class

Cathay Capital Management Inc. Cathay Capital Management Inc. is controlled by Dr. Chongyi Yang	1,000,000 Preferred A Shares	100%
19F, No.38 West Nanjing Road
Jing’An District
Shanghai, China 200041

~~None.~~23

25Item ~~Table~~13. ofCertain ~~Contents~~Relationships and Related Transactions, and Director Independence

~~ITEM~~Regulation S-K, ~~9A.~~Item ~~CONTROLS~~4, ~~AND~~Section ~~PROCEDURES.~~C require disclosure of promoters and certain control persons for registrants that are filing a registration statement on Form 10 under the Exchange Act and that had a promoter at any time during the past five fiscal years shall:

~~Disclosure~~(i) State ~~Controls~~the names of the promoter(s), the nature and ~~Procedures~~amount of anything of value (including money, property, contracts, options or rights of any kind) received or to be received by each promoter, directly or indirectly, from the registrant and the nature and amount of any assets, services or other consideration therefore received or to be received by the registrant; and

In(ii) As ~~connection~~to ~~with~~any ~~the~~assets ~~preparation~~acquired ofor ~~this~~to ~~Annual~~be ~~Report~~acquired ~~on Form10-K, an evaluation was carried out~~ by the ~~Company's~~registrant ~~management,~~from ~~with~~a ~~the~~promoter, ~~participation~~state of the ~~Chief~~amount ~~Executive~~at ~~Officer~~which ~~and Chief Financial Officer, of~~ the ~~effectiveness~~assets ofwere ~~the~~acquired ~~Company's~~or are ~~disclosure~~to ~~controls~~be ~~and~~acquired ~~procedures (as defined in Rules 13a-15(e)~~ and ~~15d-15(e) under~~ the ~~Exchange~~principle ~~Act)~~followed asor ~~of December 31, 2016. Disclosure controls and procedures are designed~~ to ~~ensure that information required to~~ be ~~disclosed~~followed in ~~reports~~determining ~~filed~~such oramount, ~~submitted~~and ~~under~~identify the ~~Exchange~~persons ~~Act~~making isthe ~~recorded,~~determination and ~~processed,~~their ~~summarized~~relationship, ~~and~~if ~~reported~~any, ~~within~~with the ~~time~~registrant ~~periods~~or ~~specified~~any inpromoter. If the ~~SEC~~assets ~~rules~~were ~~and~~acquired ~~forms~~by ~~and~~the ~~that~~promoter ~~such~~within ~~information~~two isyears ~~accumulated~~prior to ~~and~~their ~~communicated~~transfer to ~~management, including~~ the ~~Chief~~registrant, ~~Executive~~also ~~Officer~~state ~~and~~the ~~Chief~~cost ~~Financial~~thereof ~~Officer,~~ to ~~allow~~the ~~timely decisions regarding required disclosures~~promoter.

~~Based~~For the onpast ~~their~~five ~~evaluation~~years, ~~our~~no ~~Chief~~sole ~~Executive~~officer ~~Officer~~or director has received any cash remuneration. Our officer and ~~Chief~~director ~~Financial~~will ~~Officer~~receive ~~concluded~~no ~~that~~payment per ~~our~~month ~~disclosure~~beginning ~~controls~~on April 1, 2019. No remuneration of any nature has been paid for on account of services rendered by a director in such capacity to date. Our officer and ~~procedures~~director ~~were~~intend ~~not~~to ~~effective~~devote asall of ~~December~~his ~~31,~~time ~~2016~~to CHJI and its subsidiaries.

~~Internal~~The Company ~~Control~~for ~~over~~the ~~Financial~~benefit ~~Reporting~~of its employees has adopted no retirement, pension, profit sharing, stock option or insurance programs or other similar programs.

~~Management'~~Small Cap Compliance, LLC is considered a promoter(s) ~~Annual~~under ~~Report~~the meaning of Securities Act Rule 405. SCC was appointed custodian of the Company and under its duties stipulated by the Nevada court. SCC took initiative to organize the business of the issuer. As custodian, its duties were to conduct daily business, hold shareholder meetings, appoint officers and directors, reinstate the company with the Nevada Secretary of State. SCC also had authority to enter into contracts and find a suitable merger candidate. In addition, Small Cap Compliance, LLC was compensated for its role as custodian and paid outstanding bills to creditors on ~~Internal~~behalf ~~Control~~of ~~over~~the ~~Financial~~company. ~~Reporting~~SCC has not, and will not, receive any additional compensation, in the form of cash or stock, for custodian services. The custodianship was discharged on May 18, 2020.

~~Management~~Under Regulation isS-K ~~responsible~~Item ~~for~~404(c)(2) ~~establishing~~Registrants ~~and~~shall ~~maintaining~~provide ~~adequate~~the ~~internal~~disclosure ~~control~~required ~~over~~by ~~financial~~paragraphs ~~reporting. Internal control over financial reporting is defined in Rules 13a-15~~(fc) (1)(i) and ~~15d-15~~(fc)(1)(ii) ~~promulgated~~of ~~under~~this ~~the~~Item ~~Exchange Act~~ as ato ~~process~~any ~~designed~~person ~~by,~~who oracquired ~~under~~control ~~the supervision~~ of, a ~~company's~~registrant ~~principal~~that ~~executive~~is ~~and~~a ~~principal~~shell ~~financial~~company, ~~officers~~or ~~and~~any ~~effected~~person bythat is part of a ~~company's~~group, ~~board~~consisting of ~~directors,~~two ~~management~~or ~~and~~more ~~other~~persons ~~personnel,~~that agree to ~~provide~~act ~~reasonable~~together ~~assurance~~for ~~regarding~~ the ~~reliability~~purpose of ~~financial~~acquiring, ~~reporting~~holding, ~~and~~voting ~~the~~or ~~preparation~~disposing of equity ~~financial~~securities ~~statements~~of ~~for~~a ~~external~~registrant, ~~purposes~~that inacquired ~~accordance~~control ~~with~~of ~~generally~~a ~~accepted~~registrant ~~accounting~~that ~~principles~~is a shell company.

~~Our~~As discussed ~~management~~in ~~assessed~~Item 1, the ~~effectiveness~~Company ofis ~~our~~deemed ~~internal~~a ~~control~~shell ~~over~~company. ~~financial reporting as of December 31, 2016~~Dr. InChongyi ~~making~~Yang/Cathay ~~this~~Capital ~~assessment,~~Management ~~our~~Inc ~~management~~are ~~used~~considered ~~the~~control ~~criteria~~persons/entity and ~~set~~acquired ~~forth~~control ~~by the Committee~~ of ~~Sponsoring Organizations of~~ the ~~Treadway~~Company. ~~Commission~~As ~~(COSO~~discussed –in ~~2013~~Item ~~framework)~~1, inCathay ~~Internal~~Capital ~~Control–Integrated~~Management ~~Framework~~Inc. ~~and~~owns ~~Internal~~1,000,000 ~~Control~~million ~~over~~shares ~~Financial~~of ~~Reporting-Guidance~~the ~~for~~Company’s Preferred ~~Smaller~~C ~~Public Companies~~Stock. AsThese ashares ~~result~~represent ofthe ~~this~~controlling ~~assessment,~~block ~~management~~of ~~identified~~stock ~~material~~and ~~weaknesses~~were inpurchased ~~internal~~from ~~control~~Bridgeview ~~over~~Capital ~~financial~~Partners ~~reporting~~LLC.

ADr. Yang ~~material weakness~~ is aour ~~deficiency,~~CEO orand aPresident. ~~combination~~He ~~of deficiencies, in internal control over financial reporting, such that there~~ is anot ~~reasonable~~deemed ~~possibility~~to ~~that~~be aindependent ~~material~~under ~~misstatement~~applicable ofrules. ~~our~~We ~~annual~~have ~~or interim financial statements will~~ not beestablished ~~prevented~~any orcommittees ~~detected~~of onthe Board aof ~~timely basis~~Directors.

WeExcept as ~~note~~set ~~the~~forth ~~following~~above, ~~deficiencies~~there ~~that~~have ~~management~~been ~~believes~~no related party transactions, or any other transactions or relationships required to be ~~material weaknesses:~~disclosed.

a) Various members of the Company's executive management are also members of its board of directors, including the board's chairman. This situation prevents a truly independent review of the actions of the Company's management. b) The Company does not have an independent audit committee to oversee the external financial reporting process and the internal control over financial reporting as required by the Sarbanes-Oxley Act of 2002. This, in combination with the lack of an independent board of directors, creates a material weakness in the oversight of the Company's management, its internal control and its financial reporting process. c) The Company does not have sufficient knowledge of all the necessary financial statement disclosures that are required to be made in accordance with US GAAP. d) The Company failed to provide adequate supervision on recognizing revenue from related parties in accordance with US GAAP. Additionally, the Company does not have well-established procedures to authorize and approve related party transactions.24

26Item ~~Table~~14. ofPrincipal ~~Contents~~Accounting Fees and Services

~~Based~~BF Borgers onCPA ~~the~~PC ~~material~~(“BFB”) ~~weakness~~served ~~described above, management has concluded that,~~ as ~~of December 31, 2016,~~ the Company'’s ~~internal~~independent ~~control~~auditor ~~over~~for ~~financial reporting was not effective based on~~ the ~~criteria~~year inended ~~internal~~December ~~control~~31, ~~- Integrated framework issued by the COSO~~2021.

The following table presents fees billed for professional audit services rendered by BFB in connection with its audits of the Company’s annual ~~intends~~financial tostatements ~~take~~for the ~~following~~year ~~steps~~ended asDecember ~~soon~~31, as2021. ~~practicable~~The tofees ~~remediate~~billed to the ~~material~~NHLE ~~weakness~~by weBFB ~~identified~~during as2021 ~~follows~~were the following:

	1.	We intend to recruit independent directors such that at least a majority of our Board is independent.
		December 31,		December 31,
	2.	We intend to constitute audit, nominating and compensation committees comprised entirely of independent directors and to adopt committee charters for those committees, in accordance with the corporate governance standards of the New York Stock Exchange. We intend that at least one member of our Audit Committee will qualify as an "Audit Committee financial expert."
		2021		2020
ASSETS
Audit Fees		$	$12,000	$	–
Audit Related Fees (auditor admin. Fees)			–		–
Tax Fees			–		–
All Other Fees			–		–
Total Fees		$	$12,000	$	–

~~Changes~~As used in ~~Internal~~the ~~Controls~~table ~~over~~above, ~~Financial~~the ~~Reporting~~following terms have the meanings set forth below.

~~There~~Audit Fees has been no significant change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15(d)- 15(f) of the Exchange Act) that occurred during the year ended December 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~ITEM~~The fees ~~9B.~~for ~~OTHER~~professional ~~INFORMATION~~services rendered in connection with the audit of the Company’s annual financial statements, for the review of the financial statements included in our Quarterly Reports on Form 10 and for services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements.

~~None.~~Audit-Related Fees

27The fees ~~Table~~for assurance and related services that are reasonably related to the performance of ~~Contents~~the audit or review of our financial statements.

~~PART~~Tax Fees ~~III~~

~~ITEM~~The fees ~~10.~~for ~~DIRECTORS~~professional services rendered for tax compliance, ~~EXECUTIVE~~tax ~~OFFICERS~~advice ~~AND~~and ~~CORPORATE~~tax ~~GOVERNANCE~~planning.

~~Directors,~~All Other ~~Executive~~Fees ~~Officers and Key Employees~~

The fees ~~following~~for ~~table~~products ~~sets~~and ~~forth~~services provided, other than for the ~~directors~~services reported under the headings “Audit Fees,” ~~executive~~“Audit Related ~~officers~~Fees” and ~~key~~“Tax ~~employees~~Fees.” ofThe Company has adopted a policy regarding the ~~Company~~services asof its independent auditors under which our independent accounting firm is not allowed to perform any service which may have the effect of ~~December~~jeopardizing ~~31,~~the ~~2016~~registered public accountant’s independence. Without limiting the foregoing, the independent accounting firm shall not be retained to perform the following:

~~POSITION~~· ~~AND~~Bookkeeping ~~OFFICE~~or other services related to the accounting records or financial statements · Financial information systems design and implementation · Appraisal or valuation services, fairness opinions or contribution-in-kind reports · Actuarial services · Internal audit outsourcing services · Management functions · Broker-dealer, investment adviser or investment banking services · Legal services · Expert services unrelated to the audit

NAME	AGE	POSITION AND OFFICE HELD WITH THE COMPANY
Chen Wei Dong	46	President, Chief Executive Officer and Chairman of the Board
Zhang Hong Jun	49	Director
Wang Sheng Li	49	Director
Li Ping	54	Chief Financial Officer
Li Ping	42	Director
Tian Hai Long	43	Director
Chen Min	41	Director

~~Board~~NUONCOLOGY LABS, ~~of Director Independence~~INC.

WeCONSOLIDATED FINANCIAL intend to comply with the rules of the New York Stock Exchange governing director independence, although our stock is not listed on the New York Stock Exchange. As of December 31, 2016 none of our directors qualified as independent director under the rules of the New York Stock Exchange, because each director is involved in an employee or executive management function with the Company. Further, as of December 31, 2016 we did not have a lead independent director.STATEMENTS

~~Biographical Information of Directors, Officers and Key Employees of the Company~~(Audited)

Listed below is biographical information for each of the directors and executive officers of the Company, including their principal occupations during the five (5) years ended December 31, 2016, and other affiliations. None of our officers, directors, promoters or control persons has filed or been involved for the past ten years in any of the events listed in item 401(f) of Regulation S-K. No family relationships exist between any of our executive officers and directors.

Report of Independent Registered Public Accounting Firm (PCAOB ID 5041)	30

Balance Sheets as of December 31, 2021 and 2020	31

Statements of Operations for the Years ended December 31, 2021 and 2020	32

Statement of Changes in Stockholders’ Equity (Deficit) for the Years ended December 31, 2021 and 2020	33

Statements of Cash Flows for the Years ended December 31, 2021 and 2020	34

Notes to Financial Statements	35

~~28 Table of Contents~~26

~~Chen~~Report of ~~Wei~~Independent ~~Dong~~Registered –Public ~~President,~~Accounting ~~Chief Executive Officer and Chairman of the Board~~Firm

~~Mr. Chen is~~ To the ~~President,~~shareholders ~~Chief Executive Officer~~ and ~~Chairman~~the ~~of our~~ board of directors. ~~He has served in these functions since March 2006. From 2001 to January 2006, he served as the General Manager~~ of ~~Du Kang Trading Company, a distributor of alcoholic beverages. Mr. Chen graduated from~~ China's ~~Northwestern~~Changjiang ~~University~~Mining ~~majoring~~& inNew ~~Enterprise~~Energy ~~Management. We believe Mr. Chen's qualifications to serve on our board of directors include his expertise in business and corporate strategy~~Company, ~~and his knowledge regarding our Company and industry~~Ltd.

~~Zhang~~Opinion on ~~Hong~~the ~~Jun~~Financial ~~– Director~~Statements

~~Mr.~~We have ~~Zhang~~audited ~~has~~the ~~been~~accompanying abalance ~~director~~sheets of ~~our~~China ~~Company~~Changjiang ~~since~~Mining ~~August~~& ~~2006.~~New InEnergy ~~2000~~Company, heLtd. ~~was named to serve~~ as ~~the Executive Commissioner~~ of ~~the~~December ~~Shaanxi Federation of Industry & Commerce~~31, an2021 ~~academician~~and of 2020, the ~~China~~related ~~Academy~~statements of ~~Management of Science~~operations, ~~the Shaanxi Deputy of the National People~~stockholders's ~~Congress~~equity (deficit), aand ~~member~~cash offlows ~~the~~for ~~Shaanxi Executive Commission of~~ the ~~Political~~years ~~Consultation~~then ~~Committee~~ended, and the ~~Vice~~related ~~Chairman~~notes (collectively ofreferred ~~the~~to ~~Beijing~~as ~~Federation~~the of"financial ~~Shaanxi Commerce~~statements"). ~~From~~In ~~February~~our ~~2002 to May 2006~~opinion, ~~Mr.~~the ~~Zhang~~financial ~~served~~statements aspresent ~~Chairman~~fairly, ~~and~~in ~~CEO~~all ~~of Shaanxi Bai Shui Du Kang Liquor Co.~~material respects, ~~where~~the ~~his~~financial ~~responsibilities~~position ~~included~~of ~~raising~~the ~~capital,~~Company as ~~well~~of asDecember ~~corporate~~31, ~~culture~~2021 and ~~brand~~2020, ~~construction.~~and ~~Mr. Zhang received his MBA Certificate from~~ the ~~China~~results ~~Academy~~ of ~~Management~~its ofoperations ~~Science.~~and Heits ~~joined~~cash ~~our~~flows for ~~board~~the inyears ~~August~~then ~~2006. Our board believes that his entrepreneurial qualities~~ended, ~~his~~in ~~governmental,~~conformity ~~political~~with ~~and~~accounting ~~association~~principles ~~experience,~~generally ~~and~~accepted ~~his~~in ~~business~~the ~~acumen~~United ~~offer a valuable perspective to our Company~~States.

~~Wang~~Substantial Doubt ~~Sheng~~about Lithe –Company’s ~~Director~~Ability to Continue as a Going Concern

~~Mr.~~The accompanying ~~Wang~~financial ~~has~~statements have been aprepared ~~director~~assuming ofthat ~~our~~the Company ~~since~~will ~~March~~continue ~~2006.~~as ~~From~~a ~~1998~~going toconcern. ~~March~~As ~~2006,~~discussed hein ~~served~~Note 3 asto the ~~general~~financial ~~manager~~statements, ofthe XiCompany ~~Deng~~has ~~Hui~~suffered ~~Alcohol~~recurring ~~Co.~~losses ~~Ltd.~~from ~~Mr.~~operations ~~Wang is in charge of the development~~ and ~~maintenance~~has ofa ~~our~~significant ~~public~~accumulated ~~relations~~deficit. In addition, asthe ~~well~~Company ascontinues ~~the~~to ~~leasing~~experience ofnegative ~~our~~cash ~~real~~flows ~~estate.~~from Mroperations. ~~Wang~~These ~~studied~~factors inraise ~~Xi'an~~substantial ~~Petroleum~~doubt ~~University~~about ~~Electron~~the ~~Construction~~Company's ability ~~School,~~to ~~where~~continue heas ~~majored~~a ingoing ~~computers~~concern. ~~We believe that Mr. Wang~~Management's ~~qualifications~~plans in regard to ~~serve~~these onmatters ~~our~~are ~~board~~also ofdescribed ~~directors~~in ~~include~~Note ~~his~~3. ~~significant~~The ~~local~~financial ~~community~~statements do ~~network~~not asinclude ~~well~~any asadjustments ~~his~~that ~~knowledge~~might ~~regarding~~result ~~our~~from ~~Company~~the ~~and~~outcome ~~our~~of ~~industry~~this uncertainty.

LiBasis for ~~Ping – Chief Financial Officer~~Opinion

~~Ms.~~These financial Listatements ~~has~~are ~~been~~the ~~our~~responsibility ~~Chief Financial Officer since March 2008. From 2000 to 2005, she worked as CFO~~ of ~~China~~the ~~Life Insurance~~ Company,'s ~~Weinan branch~~management. ~~From~~Our ~~September~~responsibility ~~2005~~is to ~~January~~express ~~2008,~~an ~~Ms.~~opinion Lion ~~was~~the ~~a professor at China~~Company's financial ~~Northwest~~statements ~~Business~~based ~~College.~~on Msour audit. LiWe ~~has~~are ~~substantial~~a ~~experience~~public inaccounting ~~financial~~firm ~~management~~registered ~~and~~with in the ~~regulations,~~Public ~~tax~~Company ~~system~~Accounting ~~and~~Oversight ~~banking~~Board (United ~~business~~States) of("PCAOB") ~~China.~~and ~~Ms.~~are Lirequired ~~studied~~to inbe ~~the~~independent ~~Shaanxi~~with ~~Finance~~respect ~~and Economics College from 1985~~ to ~~1991,~~the ~~where~~Company ~~she majored~~ in ~~Finance~~accordance ~~and~~with ~~Economics~~the ~~Management~~U.S. ~~Our~~federal securities ~~board~~laws ofand ~~directors~~the ~~believes~~applicable ~~that~~rules ~~Ms. Li's judgment, decision making,~~ and ~~experience~~regulations inof the ~~financial~~Securities and ~~accounting~~Exchange ~~industry,~~Commission ~~provide~~and athe ~~valuable perspective to our Company~~PCAOB.

~~Tian~~We conducted ~~Hai~~our ~~Long~~audit –in ~~Director~~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.

~~Mr.~~Our audit ~~Tian~~included ~~has~~performing ~~been~~procedures ato ~~director~~assess the risks of ~~the~~material ~~Company~~misstatement ~~since~~of ~~March~~the ~~2006.~~financial ~~From~~statements, ~~May~~whether ~~1998~~due to ~~December~~error ~~2006~~or fraud, heand ~~served~~performing asprocedures ~~the~~that ~~marketing~~respond ~~director~~to inthose ~~Shaan~~risks. XiSuch ~~Hong~~procedures ~~Yuan~~included ~~E-commerce Limited Co.~~examining, ~~and~~on asa ~~marketing~~test ~~general~~basis, ~~manager~~evidence ~~for~~regarding the ~~Shaan~~amounts Xiand ~~Bai~~disclosures ~~Shui~~in ~~Trade~~the ~~Limited~~financial Costatements. ~~Mr.~~Our ~~Tian~~audit ~~participates~~also inincluded ~~formulating~~evaluating the ~~Company's~~accounting ~~mineral~~principles ~~resources~~used ~~market research work~~ and ~~establishing~~significant estimates ~~our~~made ~~network~~by ~~database~~management, ~~for~~as ~~minerals~~well ~~logistics.~~as Heevaluating ~~studied~~the inoverall ~~Xi'an~~presentation ~~Technological~~of ~~University~~the ~~Electronic~~financial ~~Information School, where he majored in e-commerce and marketing management~~statements. We believe ~~Mr.~~that ~~Tian's qualifications to serve on~~ our ~~board~~audit ofprovides a ~~Directors~~reasonable ~~include~~basis ~~his~~for ~~extensive experience in marketing as well as his knowledge of~~ our ~~Company and industry~~opinion.

29Critical Audit ~~Table of Contents~~Matter

~~Chen~~Critical audit ~~Min~~matters –are ~~Director~~matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.

Ms. Chen was appointed as a director of the Company in September 2006. She was in charge of item funds management and budget in a bridge design Company from March 2000 to September 2006. She worked in a national machinery manufacturing enterprise from 1997 to 2000. She obtained a bachelor degree from the Northern West University in Financial and foreign exchange management in 1996. We determined ~~believe~~ that ~~Ms.~~there ~~Chen's~~are ~~qualifications~~no tocritical ~~serve~~audit ~~on our board of directors include her strong social network as well as her knowledge regarding our Company and our industry~~matters.

Li/S/ BF ~~Ping~~Borgers –CPA ~~Director~~PC

~~Ms.~~We have Liserved ~~has~~as ~~been a director of~~ the Company since September 2006. From 2002 to 2006, she was a teacher in Shaanxi Northwest Metallurgy College. She graduated from Shaanxi Metallurgy College in 1992 and majored in Metallurgy. We believe that Ms. Li's ~~qualifications~~auditor tosince ~~serve on our board of directors include her strong social network as well as her knowledge regarding our Company and our industry.~~2021

~~Audit Committee~~Lakewood, CO

~~We did not have an audit committee at December~~ March 31, ~~2016, and we are in the process of developing one.~~2022

~~Code of Ethics~~27

WeCHINA CHANGJIANG ~~have~~MINING ~~adopted~~& aNEW ~~code~~ENERGY ~~of ethics (the "Code of Ethics") that applies to our principal chief executive officer~~COMPANY, ~~principal financial officer, principal accounting officer or controller, or persons performing similar functions~~LTD. ~~The Code of Ethics is being designed with the intent to deter wrongdoing, and to promote the following:~~

· Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships · Full, fair, accurate, timely and understandable disclosure in reports and documents that registrant files with, or submits to, the Commission and in other public communications made by the registrant · Compliance with applicable governmental laws, rules and regulations The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code · Accountability for adherence to the code.BALANCE SHEETS

Stockholders may request a copy of the Code of Ethics, which will be provided without charge, by writing to: China Changjiang Mining & New Energy Company, Ltd., 24th Floor, Xinhui Mansion, Gaoxin Road, Hi-Tech Zone, Xi'An, P.R. China, 710075.


	As at
	Dec 31, 2021			Dec 31, 2020
Assets
Cash and equivalents	$	–		$	–
Total current assets		–			–

TOTAL ASSETS	$	–		$	–

LIABILITIES AND STOCKHOLDERS' DEFICIT
Other payable and accrued liabilities	$	1,336,221		$	1,297,188
Total current liabilities		1,336,221			1,297,188

Due to related parties		706,592			685,952
Due to Shareholders		2,056,869			1,996,785
Total non-current liabilities		2,763,461			2,682,737

TOTAL LIABILITIES		4,099,682			3,979,925

STOCKHOLDERS' DEFICIT
Series C convertible preferred stock ($0.001 par value, 10,000,000 shares authorized, 1,000,000 shares outstanding as of December 31, 2021 and 2020		1,000			1,000
Common stock ($0.01 par value, 500,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2021 and 2020)		646,295			646,295
Treasury stock		(489,258	)		(489,258	)
Additional paid-in capital		16,032,106			16,032,106
Accumulated deficit		(20,289,825	)		(20,170,068	)

TOTAL STOCKHOLDERS' DEFICIT		(4,099,682	)		(3,979,925	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	–		$	–

WeThe accompanying notes are inan ~~the~~integral ~~process~~part of ~~reviewing~~these ~~and~~unaudited ~~updating~~financial ~~our Code of Ethics.~~statements

~~Section 16(a) Beneficial Ownership Reporting Compliance~~28

~~Section~~CHINA CHANGJIANG ~~16(a)~~MINING of& ~~the~~NEW ~~Exchange~~ENERGY ~~Act requires each director~~COMPANY, officer and individual beneficially owning more than 10% of a registered security of the Company, to file with the SEC, within specified time frames, initial statements of beneficial ownership (Form 3) and statements of changes in beneficial ownership (Forms 4 and 5) of common stock of the CompanyLTD. ~~To the best of our knowledge, we believe that we are in compliance with the reporting obligations provided by Section 16 (a) reports with regard to the fiscal year ended December 31, 2016.~~

30STATEMENTS OF ~~Table of Contents~~OPERATIONS

ITEM 11. EXECUTIVE COMPENSATION


	For the years ended
	Dec 31, 2021			Dec 31, 2020
OTHER INCOME/(EXPENSE)
Compensation expenses	$	–		$	(65,000	)
Foreign exchange gains/ (losses), net		(119,757	)		(257,467	)
Other income
Total other income/(expense)		(119,757	)	$	(322,467	)
Net profit/ (loss)	$	(119,757	)		(322,467	)

Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding		64,629,559			64,629,559

The accompanying ~~following~~notes ~~table~~are ~~sets~~an ~~forth~~integral ~~information~~part concerning the total compensation paid or accrued by us during the fiscal year ended December 31, 2016 to (i) all individuals that served as our principal executive officer or acted in a similar capacity for us at any time during the fiscal year ended December 31, 2016 and (ii) all individuals that served as executive officers of ~~ours~~these atunaudited ~~any~~financial time during the fiscal year ended December 31, 2016 that received annual compensation during the fiscal year ended December 31, 2016 in excess of $100,000. None of our executive officers received annual compensation during the fiscal year ended December 31, 2016 in excess of $100,000. statements

~~Summary Compensation Table — Fiscal Years Ended December 31, 2016 and 2015~~29

Name and principal Position	Year	Salary($)		Bonus($)		StockAwards($)		Option Awards($)		Non-equity Incentive Plan Compensation ($)		Non-Qualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total($)
(a)	(b)	(c)		(d)		(e)		(f)		(g)		(h)		(i)		(j)
Chen Weidong	2016		9,032		-		-		-		-		-		-		9,032
(Chairman of Board and CEO)	2015		9,650		-		-		-		-		-		-		9,650

CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.

~~_______________~~STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

1) Compensation paid in RMB has been converted at the rate of US$1 = RMB6.6430.


	Series C Convertible Preferred				Common Stock				Treasury			Additional Paid-in-		Accumulated
	Shares		Amount		Shares		Amount		Stock			Capital		Deficit			Total
Balance, January 1, 2020	$	–	$	–		64,629,559		646,295	$	(489,258	)		15,968,106		(19,847,601	)		(3,722,458	)
Net loss for the year ended December 31, 2020		–		–		–		–		–			–		(322,467	)		(322,467	)
Convertible Preferred stock		1,000,000		1,000		–		–		–			64,000		–			65,000
Balance, December 31, 2020		1,000,000		1,000		64,629,559		646,295		(489,258	)		16,032,106		(20,170,068	)		(3,979,925	)
Net loss for the year ended December 31, 2021		–		–		–		–		–			–		(119,757	)		(119,757	)
Balance, December 31, 2021		1,000,000	$	1,000		64,629,559	$	646,295	$	(489,258	)	$	16,032,106	$	(20,289,825	)	$	(4,099,682	)

~~Director~~The accompanying ~~Compensation~~notes are an integral part of these unaudited financial statements

~~In 2016, all directors were company employees and received no compensation for service as directors. We reimbursed the directors for any expenses incurred in connection with their duties as directors.~~30

~~Compensation~~CHINA CHANGJIANG ~~Committee~~MINING ~~Interlocks~~& ~~and~~NEW ~~Insider~~ENERGY ~~Participation~~COMPANY, LTD.

~~During~~STATEMENTS OF ~~the~~CASH year ended December 31, 2016, none of our executive officers served as a member of a compensation committee (or other committee of the board of directors performing equivalent functions or, in the absence of any such committee, the entire board of directors) of any entity that has one or more executive officers serving as a member of our board of directors.FLOWS

Stock Option Plan


	For the years ended
	Dec 31, 2021			Dec 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(119,757	)	$	(322,467	)
Adjustments to reconcile net loss to net cash used in operating activities:
Compensation expenses for Preferred C Shares		–			65,000
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		39,033			83,917
Due to related parties		20,640			44,375
Due to shareholders		60,084			129,175
Cash used in operating activities		–			–

CASH FLOWS FROM FINANCING ACTIVITIES
Investment received from Preferred C shares issued		–			–
Cash generated from financing activities		–			–

Net change in cash and equivalents		–			–
Cash and equivalents, beginning of period		–			–
Cash and equivalents, end of period	$	–		$	–

SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash paid for interest	$	–		$	–
Cash paid for income taxes	$	–		$	–

WeThe accompanying ~~have~~notes ~~not~~are ~~implemented~~an aintegral ~~stock~~part ~~option~~of ~~plan~~these atunaudited ~~this~~financial ~~time and have issued no stock options, SARs or other equity compensation. We may decide, at a later date, and reserve the right to, initiate such a plan as deemed necessary by the Board.~~statements

~~ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.~~31

~~The~~CHINA CHANGJIANG ~~following~~MINING ~~table~~& ~~sets~~NEW ~~forth~~ENERGY ~~information with respect to the beneficial ownership of our common stock as of March 31~~COMPANY, ~~2017 for:~~LTD.

~~· Each stockholder, or group of affiliated stockholders, who we know beneficially~~ Notes to ~~own~~Financial ~~more~~Statements ~~than 5% of the outstanding shares of our common stock; · Each of our current directors; · Each of our executive officers; and each of our current directors and current executive officers as a group.~~

~~Beneficial ownership is determined in accordance with rules of the SEC and generally includes any shares over which a person exercises sole or shared voting and/or investment power~~Note 1. WeORGANIZATION ~~believe~~AND ~~the~~DESCRIPTION ~~beneficial~~OF ~~owners of the common stock listed below, based on information furnished by them, have sole voting and investment power with respect to the number of shares listed opposite their names.~~BUSINESS

31China ~~Table~~Changjiang Mining & New Energy Company, Ltd. ("China Changjiang", "we", the "Company") was incorporated under the laws of ~~Contents~~the State of Delaware in 1969.

~~The~~Hong ~~number~~Kong ofWah ~~shares~~Bon ~~and~~Enterprise ~~percentages~~Limited of("Wah Bon") ~~beneficial~~was ~~ownership~~incorporated ~~set~~in ~~forth~~Hong ~~below~~Kong ~~are based~~ on 64July 7,~~629,559~~ ~~shares~~2006 ~~of common stock outstanding~~ as ofan ~~March~~investment ~~31,~~holding ~~2017~~company.

Name and Address of Beneficial Owner (1)	Number of shares Beneficially owned		Percentage
Executive Officers and Directors
Chen Wei Dong		608,549		0.94	%
Zhang Hong Jun (2)		35,174,152		54.42	%
Wang Sheng Li (3)		1,523,498		2.36	%
Li Ping (4)		6,079,408		9.41	%
Tian Hai Long (5)		6,079,408		9.41	%
Chen Min (6)		5,470,859		8.46	%
Li Ping		0		0	%
Officers and Directors as a Group (7 people)		54,935,874		85.00	%

Shaanxi Pacific New Energy Development Company Limited ("Shaanxi Pacific") was incorporated as a limited liability company in the People's Republic of China ("PRC") on July 20, 2007 as an investment holding company.

~~_______________~~Shaanxi Changjiang Mining & New Energy Company, Ltd ("Shaanxi Changjiang") (formerly Weinan Industrial and Commercial Company Limited) was incorporated as a limited liability company in the PRC on March 19, 1999. The Company became a joint stock company in January 2006 with its business activities in investment holding and the development of a theme park in Xi'An, PRC.

(1)	The address for each beneficial owner is Seventeenth Floor, Xinhui Mansion, Gaoxin Road Hi-Tech Zone, Xi'An P.R. China 71005.
(2)	Represents shares of Common Stock held by Mr. Chen, beneficially owned by Mr. Zhang
(3)	Represents shares of Common Stock held by Mr. Chen, beneficially owned by Mr. Wang
(4)	Represents shares of Common Stock held by Mr. Chen, beneficially owned by Mr. Li
(5)	Represents shares of Common Stock held by Mr. Chen, beneficially owned by Mr. Tian
(6)	Represents shares of Common Stock held by Mr. Chen, beneficially owned by Ms. Chen

In August 2005, Shaanxi Changjiang contributed land use rights valued at $7,928,532 in lieu of cash to the registered capital of Huanghe representing 92.93% of the equity of Huanghe. Huanghe was incorporated as a limited liability company in the PRC on August 9, 2005 as Shaanxi Changjiang Petroleum and Energy Development Co., Limited and is engaged in the development of a theme park in Huanghe Bay (Huanghe Nantan), Heyang County, Shaanxi Province, PRC.

~~ITEM~~On 13February 5, 2007, Shaanxi Changjiang entered into an agreement with a third party to acquire 40% of the equity interest in East Mining Company Limited ("East Mining") for $3,117,267 in cash. ~~CERTAIN~~East ~~RELATIONSHIPS~~Mining ~~AND~~is ~~RELATED~~engaged ~~PARTIES~~in ~~TRANSACTIONS~~exploration for lead, zinc and gold for mining in Xunyan County, Shaanxi Province, PRC.

~~Our~~On ~~related~~March ~~parties are the following individuals and entities: (i) Mr. Wang Sheng Li (a director of the Company)~~22, ~~Mr. Chen Weidong (our President~~2007, ~~Chief~~Shaanxi ~~Executive~~Changjiang ~~Officer~~entered into ~~and~~an ~~Chairman~~agreement ofwith the ~~Board),~~majority ~~Ms. Li Ping (a director of the Company), and Ms. Chen Min (a director of the Company), all of whom are shareholders of the Company; (ii) Mr. Zhang Hong Jun, who is currently a director and principal~~ shareholder of ~~the Company; (iii) Ms. Li Ping (our Chief Financial Officer and who has the same name with our Director Ms. Li Ping); and (iv) the following companies:~~ Shaanxi ~~Jiuzu~~Changjiang ~~Shaokang~~to ~~Liquor~~exchange ~~Co.,~~its ~~Ltd~~92.~~(Previously~~93% ~~Shaanxi~~interest ~~Baishui~~in Dukang Liquor Development Co., Ltd.), Shaanxi Baishui Dukang Marketing Management Co., Ltd.(Previously Huitong World Property Superintendent Co.,Ltd.), Shaanxi Xi Deng Hui Development Stock Co., Ltd., Shaanxi Baishui Dukang Brand Management Co., Ltd., Zhongke Aerospace & Agriculture Development Stock Co., Ltd., Shaanxi Huanghe ~~Bay~~for ~~Ecological~~a ~~Agriculture~~20% ~~Co.,~~equity ~~Ltd~~interest in (Previously Shaanxi Huanghe Bay Spring Lake Park Co., Ltd.), Shaanxi Changfa Industrial Co., Ltd., Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously "Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), Shaanxi Dukang Liquor Trading Co., Ltd., Shaanxi East Mining ~~Co.,~~owned ~~Ltd.,~~by ~~Heyang~~this ~~County~~related ~~Huanghe Bay Resort Hotel Co~~party., Ltd., Shaanxi Baishui Dukang Liquor Co., Ltd.,Shaanxi Baishui Dukang Old Workshop Liquor Co., Ltd., Shaanxi Jiusheng Brand Operation Management Co., Ltd., Shaanxi Lantian Poverty Alleviation Investment Co., Ltd.,and Heyang County Huanghe Bay Resort Training Reception Center Co., Ltd.

32On ~~Table~~August 15, 2007, 97.2% of ~~Contents~~the shareholders of Shaanxi Changjiang entered into a definitive agreement with Shaanxi Pacific and the stockholders of Shaanxi Pacific in which they disposed their ownership in Shaanxi Changjiang to Shaanxi Pacific for 98% of ownership in Shaanxi Pacific and cash of $1,328,940 payable on or before December 31, 2007.

(On September 2, 2007, Wah Bon acquired 100% ownership of Shaanxi Pacific for a) ~~Loans~~cash ~~from~~consideration ~~related~~of ~~parties~~$128,205.

~~Loans~~On ~~receivable~~May ~~from~~30, ~~related~~2007, ~~parties~~amended ~~consists~~to July 5, 2007, North American Gaming and Entertainment Corporation ("North American") entered into a Material Definitive Agreement, pursuant to which the shareholders of Shaanxi Changjiang exchanged all their shares in Shaanxi Changjiang for 500,000 shares of series C convertible preferred stock ("series C shares") in North American which carried the ~~following:~~right of 1,218 votes per share and was convertible to 609,000,000 common shares. In connection with the exchange, Shaanxi Changjiang also delivered $370,000 to North American and certain non-affiliates of North American will transfer to North American or its designee a total of 3,800,000 shares of common stock, par value of $0.01 per share, of North American which had been held for longer than 2 years by such non-affiliates, in exchange for the issuance by North American to each of such non-affiliates of 2,250,000 shares of common stock of North American. Issued and outstanding share of series C preferred stock were automatically converted into that number of fully paid and non-assessable shares of common stock based upon the conversion rate upon the filing by the Company of an amendment to its Certificate of Incorporation, increasing the number of authorized shares of common stock to 800,000,000 shares, changing the Company's name to China Changjiang Mining & New Energy Company Ltd. and implementing a one for ten reverse stock split. The transaction was closed on February 4, 2008 and Wah Bon became a wholly owned subsidiary of North American.

	December 31,2016		December 31,2015
Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	-	$	1,164,107	interest free
Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), manager of which is Zhang Hongjun, the Director and principal shareholder of the Company	$	-	$	5,007	interest free
	$	-	$	1,169,114

InThere ~~April~~was ~~2015, Shaanxi~~a ~~Changjiang moved~~10 to a1 ~~new~~reverse ~~office~~stock ~~that is~~split ~~owned~~for bythe Company's ~~Shaanxi~~common ~~Baishui~~stock ~~Dukang~~during ~~Liquor~~December ~~Co.,~~2009 ~~Ltd.,~~and aall ~~related~~the ~~company. Shaanxi~~shares ~~Changjiang~~information isare ~~allowed~~retroactively restated to ~~occupy~~reflect the ~~space~~reverse ~~for~~stock ~~free~~split. The preferred stock holders will not convert their C convertible preferred stock until after the completion of the reverse stock split.

AtOn ~~the~~February ~~year~~9, ~~end of 2015~~2010, ~~the~~we ~~Company~~filed ~~decided~~a toCertificate ~~write off total balances~~ of Amendment ~~$1,628,468 (equivalent~~ to ~~RMB~~our ~~10,125,000)~~Articles ~~due~~of ~~from~~Incorporation ~~related parties due~~ to ~~the~~effect ~~uncertain~~a ~~collectability.~~1-for-10 ~~Those~~reverse ~~receivable~~stock ~~balances~~split ~~consist~~ of ~~$454,363~~our ~~receivable~~common ~~from Zhongke Aerospace & Agriculture Development Stock Co~~stock., ~~Ltd.,~~The ~~$804,182~~1-for-10 ~~receivable~~reverse ~~from~~split ~~Shaanxi~~was approved ~~Jiuzu Shaokang Liquor Co., Ltd. and $369,924 receivable from Shaanxi Changfa Industrial Co., Ltd. As Shaanxi Jiuzu Shaokang Liquor Co., Ltd. is owned~~ by ~~Zhang~~FINRA ~~Hongjun~~on ~~(95%~~July ~~ownership)~~30, ~~Shaanxi Changfa Industrial Co.~~2010, ~~Ltd.~~effective isAugust ~~owned by Zhang Hongjun (39% ownership) and Shaanxi Changjiang (13% ownership)~~2, the write-offs of $1,174,105 related to those companies are accounted for as a transaction between entities under common control and recorded as an adjustment to stockholder's equity (additional paid-in capital)2010.

OnThe ~~April~~Company ~~29,~~was ~~2016,~~reincorporated ~~Shaanxi~~from ~~Industrial~~the ~~and~~state of ~~Commercial~~Delaware ~~Bureau~~to ~~officially~~the ~~approved~~state ~~East Mining's Cancellation~~ of ~~Registration.~~Nevada Aswith ofthe ~~June~~intent ~~30,~~to ~~2016,~~effect ~~Shaanxi~~a ~~Pacific~~statutory ~~has~~merger ~~balance~~ of ~~RMB~~the ~~140,000~~Delaware ~~(approximately~~corporation ~~$21,075)~~"North ~~due~~American ~~from East Mining~~ Gaming and ~~Changjing~~Entertainment ~~Mining~~Corporation" ~~has~~into ~~balance~~China ofChangjiang ~~RMB~~and ~~507,464 (approximately $76,391) due~~ to ~~East~~swap ~~Mining.~~all Inissued ~~other~~and ~~words,~~outstanding ~~East~~shares ~~Mining~~in ~~has~~the ~~balance~~Delaware ofcorporation ~~RMB~~for comparable ~~367,464~~shares ~~(approximately~~in ~~$55,316) due from~~ China Changjiang ~~Mining~~and &dissolve ~~New Energy Co., Ltd as of June 30, 2016. Since East Mining was controlled by Zhang Hongjun (largest shareholder),~~ the ~~director~~Delaware ~~and principal shareholder of Changjiang, Zhang Hongjun declared to forgive this debt from Changjiang on behalf of all shareholders of East Mining~~corporation.

AtThe ~~the~~merger ~~year end~~ of ~~2016,~~North ~~the~~American ~~Company~~and ~~decided~~Wah toBon ~~write~~was ~~off~~treated for ~~balances~~accounting ofpurposes ~~$5,007~~as ~~due~~a ~~from~~capital ~~Shaanxi~~transaction ~~Tangrenjie~~and ~~Advertising~~recapitalization ~~Media~~by ~~Co.,~~Wah ~~Ltd.~~Bon (~~Previously~~"the ~~Shaanxi~~accounting ~~Changjiang~~acquirer") ~~Zhongxiayou~~and ~~Investment~~re-organization by ~~Company,~~North ~~Ltd.~~American ("the accounting acquiree"). ~~due~~The toconsolidated financial statements have been prepared as if the ~~uncertain~~reorganization had ~~collectability~~occurred retroactively.

On ~~December~~February 264, ~~2016~~2008, ~~Changjiang~~we PVacquired ~~had~~Wah ~~RMB~~Bon ~~7,900,000~~and ~~(approximately~~its three ~~$1,137,525)~~subsidiaries: ~~due~~Shaanxi ~~from~~Pacific; ~~Dukang and~~ Shaanxi Changjiang ~~had~~and ~~RMB~~East ~~11,033,888~~Mining. ~~(approximately~~Wah ~~$1,589,050)~~Bon ~~due~~owns to100% ~~Wang~~of ~~Shengli~~Shaanxi Pacific. ToShaanxi ~~simplify~~Pacific ~~the~~owns ~~obligatory~~97.2% of ~~relationship,~~Shaanxi ~~the~~Changjiang; ~~four~~and ~~parties~~Shaanxi ~~agreed~~Changjiang ~~that~~owns ~~the~~60% ~~Company~~of ~~offset~~East ~~the~~Mining. ~~amount~~The ~~due~~minority ~~from~~interests ~~Dukang~~represent ~~with~~ the ~~same~~minority ~~amount~~shareholders' ~~due~~2.8% and to40% ~~Wang~~share ~~Shengli,~~of ~~leaving~~the ~~Shaanxi~~results ~~Changjiang with amount~~ of ~~RMB~~Shaanxi ~~3,133,888~~Changjiang ~~(approximately~~and ~~$451,328)~~East ~~due~~Mining ~~to Wang Shengli as of December 31, 2016~~respectively.

33The ~~Table~~Company established a subsidiary, named Shaanxi Weinan Changjiang Solar Photovoltaic Energy Applied Science and Technology Co., Ltd. ("Changjiang PV") in April 2012. The Company's subsidiary, Shaanxi Changjiang accounted for 51% shares of ~~Contents~~Changjiang PV, and Mr. Zhang Hong Jun, the director and principal shareholder of the Company, accounted for the other 49% shares.

On December 30, 2013, the Company transferred all of its 60% equity of East Mining to its director and principal shareholder, Mr. Zhang Hong Jun and one of its shareholders, Mr. Wang Sheng Li with a consideration of $885,696 (bRMB 5,400,000). ~~Sales~~Each ~~revenue~~of ~~from~~the ~~related~~acquirers ~~parties~~obtained 30% equity of East Mining in this transaction. There is no gain or loss recognized because this is a transaction between entities under common control.

~~The~~Prior ~~Company provided solar power~~ to ~~one~~January ~~of its related parties~~1, ~~Heyang County Huanghe Bay Resort Hotel Co.~~2019, ~~Ltd.~~the ~~since 2014. As of December 31, 2016, no collection has been received. The~~ Company ~~wrote~~divested all ~~off the receivable balance~~ of ~~$14,614~~its ~~(equivalent to RMB 101~~subsidiaries,~~477)~~ ~~as of December 31, 2016~~ and ~~$14,970~~de-registered ~~(equivalent~~Wah toBon ~~RMB~~in ~~103,947 as of December 31, 2015~~2020. ~~Accounts receivable from related parties consists of the following:~~

	December 31,2016		December 31,2015
Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	-	$	7,151	interest free
	$	-	$	7,151

The Company’s main business is in the transitional period from mining to clean new energy, and mainly focus on the solar photovoltaic, or “PV”, downstream market at present stage. The Company is not actively trading during the current reporting period.

~~(c) Loans due to related parties~~33

~~The~~Note ~~balance~~2. ofSUMMARY ~~$592,410~~OF ~~due~~SIGNIFICANT ACCOUNTING ~~to related parties represents the loans owed to related parties, which are interest free, unsecured and the Company does not intend to be repay within twelve months from December 31, 2016.~~POLICIES

	December 31,		December 31,
	2016		2015
Baishui Dukang Marketing Management Co., Ltd. (Previously Huitong World Property Superintendent Co.,Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	360,039	$	385,166
Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		91,011		58,391
Shaanxi East Mining Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		-		56,614
Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		31,683		9,244
Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd		37,444		-
Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		58,921		-
Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		12,433		-
Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hong Jun, the Director and principal shareholder of the Company, and senior executives of which are Wang Sheng Li, Li Ping and Tian Hailong, the directors and shareholders of the Company		879		941
	$	592,410	$	510,356

Basis of Presentation

The ~~office~~Company ~~space~~maintains ~~occupied~~its byaccounts and ~~Shaanxi~~prepares ~~Pacific~~its isfinancial astatements ~~property~~using ~~owned~~the byaccrual ~~Zhang~~method ~~Hongjun,~~accounting. The consolidated financial statements and notes are representations of management. Accounting policies adopted by the Company isconform ~~allowed~~ to ~~use~~generally itaccepted ~~for~~accounting ~~free.~~principles in the United States of America and have been consistently applied

~~The~~Use ~~office~~of ~~space occupied by Changjiang PV is a property owned by Shaanxi Xi Deng Hui Development Stock Co., Ltd., a related party. The Company is allowed to use it for free.~~estimates

InThe ~~April~~preparation ~~2015,~~of ~~Shaanxi~~financial statements ~~Jiuzu~~in ~~Shaokang~~conformity ~~Liquor~~with ~~Co.,~~generally ~~Ltd.~~accepted ~~made~~accounting ~~rent~~principles ~~payment~~requires ofmanagement ~~RMB~~to ~~12,000~~make ~~(approximately~~estimates ~~$1,930)~~and onassumptions ~~behalf~~that ofaffect the ~~Shaanxi~~reported ~~Changjiang~~amounts ~~and~~of ~~agreed~~assets toand ~~waive~~liabilities ~~the~~and ~~repayment.~~disclosure ~~Since~~of ~~Shaanxi~~contingent ~~Jiuzu~~assets ~~Shaokang~~and ~~Liquor~~liabilities ~~Co.,~~at ~~Ltd.~~the isdate ~~owed~~of bythe ~~Zhang~~financial ~~Hongjun~~statements and ~~(95% ownership),~~ the ~~exemption~~reported amounts of ~~$1,930~~revenues isand ~~accounted~~expenses ~~for~~during asthe areporting ~~transaction~~period. ~~between~~Significant ~~entities~~estimates ~~under~~include ~~common~~the ~~control~~estimated ~~and~~useful ~~recorded~~lives of asproperty anand ~~adjustment~~equipment. toActual ~~stockholder's~~results ~~equity~~could ~~(additional~~differ ~~paid~~from -those ~~in capital)~~estimates.

34Cash ~~Table of Contents~~equivalents

~~During~~The ~~the~~Company ~~year~~considers ~~ended~~all ~~December~~highly liquid ~~31,~~investments ~~2015,~~with Shaanxi Dukang Liquor Trading Co., Ltd. and Shaanxi Dukang Liquor Group Co., Ltd. made salary payment of RMB 592,119 (approximately $95,234) on behalf of Shaanxi Changjiang. During the year of 2016, Shaanxi Dukang Liquor Group Co., Ltd. paid RMB 44,111 (approximately $6,640) to Ping Li on behalf of Shanxi Changjiang and later agreed to waive the repayment. Since Shannxi Dukang Liquor Trading Co., Ltd. is owned by Zhang Hongjun (40% ownership) and Shaanxi Dukang Liquor Group Co., Ltd. (40% ownership) and Zhang Hongjun is the principal owner of Shaanxi Dukang Liquor Group Co., Ltd., the exemption of $95,234 and $6,640 are accounted for as a ~~transaction~~maturity between entities under common control and recorded as an adjustment to stockholder's equity (additional paid - in capital). Additionally, Shaanxi Xi Deng Hui Development Stock Co., Ltd. made salary payment of ~~RMB~~three ~~73,980~~months ~~(approximately~~or ~~$11,898)~~less onwhen ~~behalf~~purchased ~~of the Company and later agreed~~ to ~~waive~~be ~~the~~cash ~~repayment~~equivalents. ~~The exemption of $11,898 is recorded as other income for the year ended December 31, 2015.~~

OnFair ~~September~~value ~~15, 2015, the Company was exempt from the loan~~ of RMB 10,000,000 (approximately $1,572,451) owed to Shaanxi East Mining Co., Ltd, a company owned by Zhang Hongjun (70% ownership) and Wang Shengli (30% ownership). As both Shaanxi East Mining Co., Ltd and the Company are under common control of Zhang Hongjun and Wang Shengli, the extinguishment of related party loan is accounted for as a transaction between entities under common control with $1,572,451 recorded as an adjustment to stockholders' equity (additional paid-in capital).financial instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (d“Paragraph 820-10-35-37”) ~~Loans~~to ~~due~~measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to ~~shareholders~~valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

~~The~~Level ~~balance of $~~1~~,880,311~~: ~~due~~Quoted tomarket ~~shareholders~~prices available ~~represents~~in ~~the~~active ~~loans~~markets ~~owed~~for toidentical ~~the~~assets ~~shareholders,~~or ~~which~~liabilities ~~are~~as ~~interest~~of ~~free and unsecured. The management does not intend to repay~~ the ~~loans~~reporting ~~within twelve months from December 31, 2016~~date.

~~Due~~Level to2: ~~shareholders~~Pricing ~~consist~~inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the ~~following:~~reporting date.

	December 31,		December 31,
	2016		2015
Due to Wang Shengli	$	451,328	$	1,699,954
Due to Zhang Hongjun		873,742		934,722
Due to Chen Min		555,241		584,501
	$	1,880,311	$	3,219,177

Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments.

~~Review, Approval or Ratification of Transactions with Related Persons~~34

~~The~~Foreign ~~Company's~~Currency policy with regard to any transactions between the Company and a related person is that such transactions must be on terms at least as favorable to the Company as arms'-length transactions of similar types with unaffiliated third parties. Additionally, all related party transactions must be disclosed to, and considered and approved by, our board of directors prior to entering into any such transaction.Translation

~~ITEM~~The 14Company maintains its financial statements in its functional currency, which is US dollar ("USD"). ~~PRINCIPAL~~Monetary ~~ACCOUNTING~~assets ~~FEES~~and ~~AND~~liabilities ~~SERVICES~~denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Exchange gains or losses arising from foreign currency transactions or translation of monetary assets and liabilities denominated in foreign currencies are included in the statement of operations for the respective periods.

~~Independent~~Exchange ~~Auditors'~~rates ~~Fees~~used in these financial statements, USD to CNY, are 6.3343 and 6.5249 at December 31, 2021 and 2020 respectively.

~~Since~~Related ~~August 20, 2012, we have engaged MaloneBailey LLP ("MaloneBailey"), as the Company's new independent registered public accounting firm.~~Party

35A ~~Table~~party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of ~~Contents~~the Company, its management, member of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

~~The~~Income ~~following table represents the aggregate fees billed for professional audit services rendered to MaloneBailey for the audit of our financial statements for the year ended December 31, 2016 and 2015.~~taxes

	For the year endedDecember 31,2015		For the yearendedDecember 31,2016
Audit Fees (1)	$	45,000	$	45,000
Audit-Related Fees (2)		-		-
Tax Fees (3)		-		-
All Other Fees (4)		-		-
Total Accounting Fees and Services	$	45,000	$	45,000

The Company follow ASC 740-10-30, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.

~~______________~~On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things, reduced corporate tax rates to 21 percent effective January 1, 2018. FASB ASC 740, Income Taxes, requires deferred tax assets and liabilities to be adjusted for the effect of a change in tax laws or rates in the year of enactment, which is the year in which the change was signed into law. Accordingly, the Company adjusted its deferred tax assets and liabilities at December 31,2017, using the new corporate tax rate of 21 percent.

(1)	Audit Fees. These are fees for professional services for the audit of our annual financial statements, and for services that are normally provided in connection with statutory and regulatory filings or engagements.
(2)	Audit-Related Fees. These are fees for the assurance and related services reasonably related to the performance of the audit or the review of our financial statements.
(3)	Tax Fees. These are fees for professional services with respect to tax compliance, tax advice, and tax planning.
(4)	All Other Fees. These are fees for permissible work that does not fall within any of the other fee categories, i.e., Audit Fees, Audit-Related Fees, or Tax Fees.

The Company adopted ASC 740-10-25 (“ASC 740-10-25”) with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.

~~Pre-Approval Policy for Audit and Non-Audit Services~~35

WeNet doincome ~~not~~(loss) ~~have~~per common a standing audit committee, and the full Board performs all functions of an audit committee, including the pre-approval of all audit and non-audit services before we engage an accountant. All of the services rendered to us by MaloneBailey have been pre-approved by our Board of Directors.share

36Net ~~Table~~income (loss) per common share is computed pursuant to section 260-10-45 of ~~Contents~~the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the years ended December 31, 2021 and 2020, there are 64,604,338 outstanding common shares and 1,000,000,000 potentially dilutive shares, respectively, from convertible preferred stock; however, these shares have not been considered in the weighted average share calculation as their inclusion would be anti-dilutive due to the net loss for the year ended.

~~PART~~Recently IVissued accounting pronouncements

~~ITEM~~The 15Company has implemented all new accounting pronouncements that are in effect. ~~EXHIBITS~~These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, ~~FINANCIAL~~and ~~STATEMENT~~the ~~SCHEDULES~~Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

~~The~~NOTE ~~following~~3 ~~documents~~- ~~are~~GOING ~~filed as part of or incorporated by reference into this 10K:~~CONCERN

Number	Exhibit Description	FootnoteReference
3.1	Articles of Incorporation (filed as Exhibit 3.1 to the Form 10-K for 2011)	(2)
3.2	Bylaws (filed as Exhibit 3.2 to the Form 10-K for 2011)	(2)
10.1	Plan of Exchange dated May 30, 2007 by and among North American Gaming and Entertainment Company, and SHAANXI CHAN JIANG SI YOU NENG YUAN FA ZHANG GUFENG YOU XIAN GONG SI (filed as Exhibit 10.1 the Company's Form 8-K filed on February 6, 2008)	(1)
10.2	Lock Up Agreement among North American Gaming and Entertainment Company, E H. Hawes Trust, E. H. Hawes, II, Richard P. Crane and Daryl Case (filed as Exhibit 10.2 the Company's Form 8-K filed on February 6, 2008)	(1)
10.3	Lock-up Agreement (filed as Exhibit 10.3 the Company's Form 8-K filed on February 6, 2008)	(1)
10.4	Mining Exploration Certificate (filed as Exhibit 10.4 the Company's Form 8-K filed on February 6, 2008)	(1)
10.5	Land Use Right (filed as Exhibit 10.5 the Company's Form 8-K filed on February 6, 2008)	(1)
10.6	Lease Agreement	(1)
10.7	Transfer Contract for the Guojialing - Jiaoshanzhai Lead & Zinc Exploration rights in Xunyng County, Shaanxi Province dated June 1, 2012 with Xunyang Yongjin Mining Co., Ltd to transfer the exploration rights (filed as Exhibit 10.7 to the Form 10-K for 2011)	(2)
14	Code of Ethics (filed as Exhibit 14 to the Form 10-K for 2011)	(2)
21	Subsidiaries (filed as Exhibit 21 to this Form 10-K)	*

The Company’s unaudited financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs and has an accumulated deficit of $20,289,825 as at December 31, 2021. These conditions raise substantial doubt about the company’s ability to continue as a going concern.

101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase
101.DEF*	XBRL Taxonomy Extension Definition Linkbase
101.LAB*	XBRL Taxonomy Extension Label Linkbase
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase
31.1*	Certification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.	*
31.2*	Certification of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.	*
32.1+	Certification of Chief Executive Officer under 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	**
32.2+	Certification of Chief Financial Officer under 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	**

In addition to operational expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements. In order to finance these expenditures, the Company has raised capital in the form of debt, which will have to be repaid, as discussed in detail below. The Company has depended on loans from related parties and shareholders for most of its operating capital. The Company will need to raise capital in the next twelve months in order to remain in business.

~~_________________~~Management anticipates that significant dilution will occur as a result of any future sales of the Company’s common stock and this will reduce the value of its outstanding shares. The Company cannot project the future level of dilution that will be experienced by investors as a result of its future financings, but it will significantly affect the value of its shares.

*	Filed herewith.
+	In accordance with SEC Release 33-8238, Exhibit 32.1 and 32.2 are being furnished and not filed
(1)	Incorporated by reference from the Information Statement on Form 8-K of North American Gaming and Entertainment Company filed with the Securities and Exchange Commission on February 6, 2008.
(2)	Incorporated by reference from the Annual Report on Form 10-K for the year ended December 31, 2011 of the Company filed with the Securities and Exchange Commission on February 26, 2013.

The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

~~37 Table of Contents~~36

~~SIGNATURES~~NOTE 4 – OTHER PAYABLES AND ACCRUED LIABILITIES

~~Pursuant to the requirements~~ Schedule of ~~Section~~other 13payables orand ~~15(d)~~accrued ~~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.~~liabilities

	CHINA CHANGJIANG MINING AND NEW ENERGY COMPANY, LTD. (Registrant)
		Dec. 31, 2021		Dec. 31, 2020
Date: March 31, 2017	By:	/s/ Chen Wei Dong
Taxes payable		$	67,047	$	65,088
		Chen Wei Dong
Salaries and welfares payable			727		706
		Chief Executive Officer and President (Principal Executive Officer)
Other payables			1,268,447		1,231,394
Date: March 31, 2017	By:	/s/ Li Ping
Total		$	1,336,221	$	1,297,188
		Li Ping
		Chief Financial Officer (Principal Accounting Officer)

~~Pursuant~~NOTE to5 ~~the~~– ~~requirements~~DUE ofTO ~~the~~RELATED PARTIES ~~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	Capacity	Date
/s/ Chen Wei Dong	Chief Executive Officer President and Chairman	March 31, 2017
	of Board of Directors (Principal Executive Officer)
/s/ Li Ping	Chief Financial Officer (Principal Accounting Officer)	March 31, 2017
/s/ Zhang Hong Jun	Director	March 31, 2017
/s/ Wang Sheng Li	Director	March 31, 2017
/s/ Tian Hai Long	Director	March 31, 2017
/s/ Chen Min	Director	March 31, 2017
/s/ Li Ping	Director	March 31, 2017

All amounts due to related parties are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve months from December 31, 2021. Details of amounts due to related parties are as follows:

38 Table of Contents

Schedule of due to related parties
Related parties	Dec. 31, 2021		Dec. 31, 2020
Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company	$	394,531	$	383,007
Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company		13,624		13,226
Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company		41,032		39,833
Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company		63,440		61,587
Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company		64,567		62,681
Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company		962		934
Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company		128,436		124,684
Total	$	706,592	$	685,952

~~CHINA~~NOTE ~~CHANGJIANG~~6 ~~MINING~~– &DUE ~~NEW~~TO ~~ENERGY COMPANY, LTD.~~ SHAREHOLDERS

~~REPORT~~All OFamounts ~~INDEPENDENT~~due ~~REGISTERED~~to ~~PUBLIC~~shareholders are ~~ACCOUNTING~~denominated ~~FIRM~~in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve months from December 31, 2021. Details of amounts due to shareholders are as follows:

~~To the Board~~ Schedule of ~~Directors~~due ~~and~~to ~~Stockholders~~ shareholders

China Changjiang Mining & New Energy Company, Ltd.

Shareholders	Dec. 31, 2021		Dec. 31, 2020
Wang Shengli	$	494,566	$	480,119
Zhang Hongjun		957,448		929,480
Chen Min		604,855		587,186
Total	$	2,056,869	$	1,996,785

We have audited the accompanying consolidated balance sheets of China Changjiang Mining & New Energy Company, Ltd. and its subsidiaries (collectively, the “Company”) as of December 31, 2016 and 2015, and the related consolidated statements of loss and comprehensive loss, changes in equity and cash flows for the years then ended. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.37

WeNOTE 7 ~~conducted~~– ~~our~~COMMON ~~audits~~STOCK inAND ~~accordance~~PREFERRED with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.STOCK

InThe ~~our~~Company ~~opinion,~~has ~~the consolidated financial statements referred to above present fairly~~500, ~~in all material respects~~000,000 shares ~~the financial position~~ of ~~China~~common ~~Changjiang~~stock ~~Mining~~authorized &at ~~New~~par ~~Energy~~value ~~Company,~~of ~~Ltd~~$0.01, and ~~its~~64,629,559 ~~subsidiaries~~shares as of ~~December~~common ~~31,~~stock ~~2016~~were ~~and~~issued ~~2015,~~ and ~~the~~outstanding ~~consolidated~~at ~~results of their operations~~ beginning and ~~their~~end ~~cash~~of ~~flows for~~ the ~~years~~reporting ~~then~~periods ~~ended,~~at intotal ~~conformity~~par ~~with~~value ~~accounting principles generally accepted in the United States~~ of ~~America~~$646,295.

The ~~accompanying~~Company ~~consolidated~~has ~~financial~~10,000,000 shares ~~statements~~designated ~~have~~Series ~~been~~C ~~prepared~~convertible ~~assuming~~preferred ~~that~~stock ~~the~~at ~~Company~~par ~~will~~value ~~continue~~of ~~as a going concern~~$0.001. AsEach ~~discussed~~Series inC ~~Note~~convertible 2preferred tostock ~~the~~is ~~consolidated~~convertible into ~~financial statements~~1,000 ~~the~~common ~~Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern~~shares. ~~Management's~~There ~~plans~~were in1,000,000 ~~regard~~Series toC ~~these~~convertible ~~matters~~preferred ~~are~~stock ~~also~~issued ~~described~~and inoutstanding ~~Note~~at 2.December ~~The~~31, ~~consolidated~~2021 ~~financial~~and ~~statements~~2020 at dototal ~~not~~par ~~include~~value ~~any adjustments that might result from the outcome~~ of ~~this uncertainty~~$1,000.

~~/s/~~NOTE ~~MaloneBailey,~~8 ~~LLP~~ – INCOME TAXES

~~www~~Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences.~~malonebailey~~ Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases.~~com~~ Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. As the Company’s main business place is in P. R China, the corporate income tax rate of 25% is applied in calculation of deferred taxes.

~~Houston,~~Deferred ~~Texas~~income taxes reflect the tax consequences on future years of differences between the tax bases. Net operating loss carry-forwards and tax benefits arising therefore are as follows:

~~March~~Schedule of ~~31,~~deferred ~~2017~~tax assets

F-1 Table of Contents

Deferred tax assets	Dec. 31, 2021			Dec. 31, 2020
Net operating loss (NOL) brought forward	$	20,170,068		$	19,847,601
Net loss for the period / year		119,757			322,467
NOL carried forward	$	20,289,825		$	20,170,068

Tax benefit from NOL carried forward		5,072,456			5,042,517
Valuation allowance		(5,072,456	)		(5,042,517	)
Deferred tax assets	$	–		$	–

~~CHINA~~The ~~CHANGJIANG~~PRC ~~MINING~~income &tax ~~NEW~~allows ~~ENERGY~~the ~~COMPANY,~~enterprises ~~LTD~~to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The management believes that the Company’s cumulative losses arising from recurring business in recent years constituted significant negative evidence that most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate future taxable income. Valuation allowance for the full amount of tax benefit from NOL was recorded.

~~CONSOLIDATED~~NOTE ~~BALANCE~~9 – ~~SHEETS~~COMMITMENTS AND CONTINGENCIES

ASAs OFat ~~DECEMBER~~the 31end of the reporting period, ~~2016~~the ~~AND~~company ~~2015~~has no commitments and contingencies to disclose.

~~(Stated in US Dollars)~~38

	December 31,		December 31,
	2016		2015
ASSETS
Current assets
Cash and cash equivalents	$	12,512	$	13,550
Other current assets and prepayments		1,210		1,875
Total Current Assets		13,722		15,425
Property, plant and equipment, net		201,006		246,480
Land use rights, net		13,711,122		15,062,438
Due from related parties		-		1,176,265
TOTAL ASSETS	$	13,925,850	$	16,500,608

NOTE 10 – RELATED-PARTY TRANSACTIONS

LIABILITIES AND EQUITY
Current Liabilities
Other payables and accrued liabilities		1,205,719			1,283,682
Total Current Liabilities		1,205,719			1,283,682
Non-current liabilities
Due to related parties		592,410			510,356
Due to shareholders		1,880,311			3,219,177
Total Liabilities		3,678,440			5,013,215
EQUITY
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of December 31, 2016 and 2015)		-			-
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2016 and 2015)		646,295			646,295
Treasury stock		(489,258	)		(489,258	)
Additional paid-in capital		15,968,106			15,906,150
Accumulated deficit		(7,926,794	)		(7,403,166	)
Accumulated other comprehensive income		1,140,899			1,880,097
TOTAL SHAREHOLDERS' EQUITY		9,339,248			10,540,118
Non-controlling interest		908,162			947,275
TOTAL EQUITY		10,247,410			11,487,393
TOTAL LIABILITIES AND EQUITY	$	13,925,850		$	16,500,608

The company was not engaging in any business activities during the reporting periods, and has no related party transactions and balances other than those disclosed in Notes 5 and 6.

~~See~~NOTE ~~accompanying~~11 – ~~notes~~SUBSEQUENT ~~to the consolidated financial statements~~ EVENTS

~~F-2~~As ~~Table~~at ofthe ~~Contents~~date these financial statements are ready to be released, the Company has no subsequent events to disclose.

~~CHINA~~NOTE ~~CHANGJIANG~~12 – ~~MINING~~IMPACTS &OF ~~NEW~~THE ~~ENERGY~~COVID-19 ~~COMPANY, LTD.~~ PANDEMIC

~~CONSOLIDATED~~As ~~STATEMENTS~~the OFCompany ~~LOSS~~is ~~AND~~not ~~COMPREHENSIVE~~actively trading ~~LOSS~~ in the current reporting period, there is no impact of the COVID-19 pandemic on financial statements as at and for the year ended December 31, 2021.

~~FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015~~ 39

~~(Stated in US Dollars)~~PART IV

	For the Years EndedDecember 31,
	2016			2015
Sales revenue - related party	$	12,356		$	16,718
Cost of revenue		4,336			9,253
Gross Profit		8,020			7,465
Operating expenses
General and administrative expenses		154,086			4,209,654
Depreciation		30,725			53,174
Amortization		385,345			411,717
Total operating expenses		570,156			4,674,545
Loss from operations		(562,136	)		(4,667,080	)
Other Income (Expenses)
Interest income		14			139
Interest expenses		(616	)		(679	)
Other income (expense)		(3	)		11,898
Total Other Income (Expense)		(605	)		11,358
Loss before tax		(562,741	)		(4,655,722	)
Income tax expense (benefit)		-			-
Net loss	$	(562,741	)	$	(4,655,722	)
Net loss attributable to:
Non-controlling interests		(39,113	)		(154,847	)
Common stockholders		(523,628	)		(4,500,875	)
Comprehensive loss
Foreign currency translation adjustments		(739,198	)		(666,202	)
Total Comprehensive Loss	$	(1,301,939	)	$	(5,321,924	)
Weighted average shares-Basic		64,629,559			64,629,559
Weighted average shares-Diluted		64,629,559			64,629,559
Earnings per share,
Basic	$	(0.01	)	$	(0.07	)
Diluted	$	(0.01	)	$	(0.07	)

Item 15.

Exhibits, Financial Statement Schedules.

See accompanying notes to the consolidated financial statements

No.		Description

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

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

32.1		Section 1350 Certification of Chief Executive Officer

32.2		Section 1350 Certification of Chief Financial Officer

F-3 Table of Contents

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)*
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document*
101.SCH		Inline XBRL Taxonomy Extension Schema Document*
104		Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101).

~~CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.~~40

~~CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY~~SIGNATURES

~~FOR~~Pursuant ~~THE~~to ~~YEARS~~the ~~ENDED~~requirements ~~DECEMBER~~of 31Section 13 or 15(d) of the Securities Exchange Act of 1934, ~~2016~~the ~~AND~~registrant ~~2015~~ has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~(Stated~~CHINA inCHANGJIANG USMINING ~~Dollars)~~& NEW ENERGY COMPANY, LTD. By: /s/ Dr. Yang, Chong Yi Dr. Yang, Chong Yi, CEO

	Common Stock				Treasury Stock					Additional			Accumulated Other						Total			Non-
	No. of Shares		Amount		No. of Shares		Amount			Paid-in Capital			Comprehensive Income			AccumulatedDeficit			Shareholders' Equity			Controlling Interest			TotalEquity
Balance as of December 31, 2014		64,629,559	$	646,295		17,572,494	$	(489,258	)	$	15,410,640		$	2,546,299		$	(2,902,291	)	$	15,211,685		$	1,102,122		$	16,313,807
Net loss		-		-		-		-						-			(4,500,875	)		(4,500,875	)		(154,847	)		(4,655,722	)
Imputed expenses											97,164			-			-			97,164			-			97,164
Forgiveness of receivables from entity under common control		-		-		-		-			(1,174,105	)		-			-			(1,174,105	)		-			(1,174,105	)
Extinguishment of related party loan		-		-		-		-			1,572,451			-			-			1,572,451			-			1,572,451
Foreign currency translation adjustments		-		-		-		-			-			(666,202	)		-			(666,202	)		-			(666,202	)
Balance as of December 31, 2015		64,629,559		646,295		17,572,494		(489,258	)		15,906,150			1,880,097			(7,403,166	)		10,540,118			947,275			11,487,393
Net loss		-		-		-		-			-			-			(523,628	)		(523,628	)		(39,113	)		(562,741	)
Extinguishment of related party loan		-		-		-		-			61,956			-			-			61,956			-			61,956
Foreign currency translation adjustments		-		-		-		-			-			(739,198	)		-			(739,198	)		-			(739,198	)
Balance as of December 31, 2016		64,629,559	$	646,295		17,572,494	$	(489,258	)	$	15,968,106		$	1,140,899		$	(7,926,794	)	$	9,339,248		$	908,162		$	10,247,410

Date: April 6, 2022

See accompanying notes to the consolidated financial statements

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CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

(Stated in US Dollars)

	For the Years EndedDecember 31,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(562,741	)	$	(4,655,722	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		416,070			464,891
Imputed expenses		-			97,164
Allowance for doubtful accounts		35,816			4,171,598
Changes in operating assets and liabilities:
Due from related party		(10,940	)		(16,718	)
Other current assets and prepayments		567			5,829
Other payables and accrued liabilities		6,045			(200,180	)
CASH USED IN OPERATING ACTIVITIES		(115,183	)		(133,138	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties		111,087			68,426
CASH PROVIDED BY FINANCING ACTIVITIES		111,087			68,426
Effect of exchange rate changes on cash and cash equivalents		3,058			6,106
NET DECREASE IN CASH		(1,038	)		(58,606	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	$	13,550		$	72,156
CASH AND CASH EQUIVALENTS AT END OF YEAR	$	12,512		$	13,550
Supplementary Disclosures for Cash Flow Information:
Income taxes paid	$	-		$	-
Interest expense	$	-		$	-
Non-Cash Transactions
Forgiveness of receivables from entity under common control	$	-		$	1,174,105
Extinguishment of related party loan	$	61,956		$	1,572,451
Related party payables settled with receivables	$	1,137,525		$	-

See accompanying notes to the consolidated financial statement

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1. ORGANIZATION AND PRINCIPAL ACTIVITIES

China Changjiang Mining & New Energy Company, Ltd. ("China Changjiang", "we", the "Company") was incorporated under the laws of the State of Delaware in 1969.

Hong Kong Wah Bon Enterprise Limited ("Wah Bon") was incorporated in Hong Kong on July 7, 2006 as an investment holding company.

Shaanxi Changjiang Mining & New Energy Company, Ltd ("Shaanxi Changjiang") (formerly Weinan Industrial and Commercial Company Limited) was incorporated as a limited liability company in the PRC on March 19, 1999. The Company became a joint stock company in January 2006 with its business activities in investment holding and the development of a theme park in Xi'An, PRC.

On February 5, 2007, Shaanxi Changjiang entered into an agreement with a third party to acquire 40% of the equity interest in East Mining Company Limited ("East Mining") for $3,117,267 in cash. East Mining is engaged in exploration for lead, zinc and gold for mining in Xunyan County, Shaanxi Province, PRC.

On March 22, 2007, Shaanxi Changjiang entered into an agreement with the majority shareholder of Shaanxi Changjiang to exchange its 92.93% interest in Huanghe for a 20% equity interest in East Mining owned by this related party.

On August 15, 2007, 97.2% of the shareholders of Shaanxi Changjiang entered into a definitive agreement with Shaanxi Pacific and the stockholders of Shaanxi Pacific in which they disposed their ownership in Shaanxi Changjiang to Shaanxi Pacific for 98% of ownership in Shaanxi Pacific and cash of $1,328,940 payable on or before December 31, 2007.

On September 2, 2007, Wah Bon acquired 100% ownership of Shaanxi Pacific for a cash consideration of $128,205.

On May 30, 2007, amended to July 5, 2007, North American Gaming and Entertainment Corporation ("North American") entered into a Material Definitive Agreement, pursuant to which the shareholders of Shaanxi Changjiang exchanged all their shares in Shaanxi Changjiang for 500,000 shares of series C convertible preferred stock ("series C shares") in North American which carried the right of 1,218 votes per share and was convertible to 609,000,000 common shares. In connection with the exchange, Shaanxi Changjiang also delivered $370,000 to North American and certain non-affiliates of North American will transfer to North American or its designee a total of 3,800,000 shares of common stock, par value of $0.01 per share, of North American which had been held for longer than 2 years by such non-affiliates, in exchange for the issuance by North American to each of such non-affiliates of 2,250,000 shares of common stock of North American. Issued and outstanding share of series C preferred stock were automatically converted into that number of fully paid and non-assessable shares of common stock based upon the conversion rate upon the filing by the Company of an amendment to its Certificate of Incorporation, increasing the number of authorized shares of common stock to 800,000,000 shares, changing the Company's name to China Changjiang Mining & New Energy Company Ltd. and implementing a one for ten reverse stock split. The transaction was closed on February 4, 2008 and Wah Bon became a wholly owned subsidiary of North American.

There was a 10 to 1 reverse stock split for the Company's common stock during December 2009 and all the shares information are retroactively restated to reflect the reverse stock split. The preferred stock holders will not convert their C convertible preferred stock until after the completion of the reverse stock split.

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On February 9, 2010, we filed a Certificate of Amendment to our Articles of Incorporation to effect a 1-for-10 reverse stock split of our common stock. The 1-for-10 reverse split was approved by FINRA on July 30, 2010, effective August 2, 2010.

The Company was reincorporated from the state of Delaware to the state of Nevada with the intent to effect a statutory merger of the Delaware corporation "North American Gaming and Entertainment Corporation" into China Changjiang and to swap all issued and outstanding shares in the Delaware corporation for comparable shares in China Changjiang and dissolve the Delaware corporation.

The merger of North American and Wah Bon was treated for accounting purposes as a capital transaction and recapitalization by Wah Bon ("the accounting acquirer") and re-organization by North American ("the accounting acquiree"). The consolidated financial statements have been prepared as if the reorganization had occurred retroactively.

On February 4, 2008, we acquired Wah Bon and its three subsidiaries: Shaanxi Pacific; Shaanxi Changjiang and East Mining. Wah Bon owns 100% of Shaanxi Pacific. Shaanxi Pacific owns 97.2% of Shaanxi Changjiang; and Shaanxi Changjiang owns 60% of East Mining. The minority interests represent the minority shareholders' 2.8% and 40% share of the results of Shaanxi Changjiang and East Mining respectively.

The Company established a subsidiary, named Shaanxi Weinan Changjiang Solar Photovoltaic Energy Applied Science and Technology Co., Ltd. ("Changjiang PV") in April 2012. The Company's subsidiary, Shaanxi Changjiang accounted for 51% shares of Changjiang PV, and Mr. Zhang Hong Jun, the director and principal shareholder of the Company, accounted for the other 49% shares.

On December 30, 2013, the Company transferred all of its 60% equity of East Mining to its director and principal shareholder, Mr. Zhang Hong Jun and one of its shareholders, Mr. Wang Sheng Li with a consideration of $885,696 (RMB 5,400,000). Each of the acquirers obtained 30% equity of East Mining in this transaction. There is no gain or loss recognized because this is a transaction between entities under common control.

China Changjiang, Wah Bon, Shaanxi Pacific, Shaanxi Changjiang and Changjiang PV are hereafter referred to collectively as "the Company".

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Method of Accounting

The Company maintains its accounts and prepares its financial statements using the accrual method accounting. The consolidated financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied.

(b) Principles of consolidation

The accompanying consolidated financial statements as of December 31, 2016 and 2015 consolidate the financial statements of China Changjiang and its 100% owned subsidiary Wah Bon, 100% owned subsidiary Shaanxi Pacific, 97.2% owned subsidiary Shaanxi Changjiang and 51% owned subsidiary Changjiang PV. The minority interests represent the minority shareholders' 2.8% shares of the results of Shaanxi Changjiang and 49% shares of the results of Changjiang PV. All intercompany accounts and transactions have been eliminated.

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

This basis of accounting differs in certain material respects from that used for the preparation of the books of account of the Company, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC ("PRC GAAP"), the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of account of the Company to present them in conformity with US GAAP.

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(d) Going Concern

Other than recurring losses over the years, the Company had working capital deficit of $1,191,997 as of December 31, 2016, and negative cash flow from operating activities amounted to $115,183, for the year ended December 31, 2016. If the Company cannot generate enough cash flow from its operating activities, it will need to consider other financing methods such as borrowing from banking institutions or raising additional capital through new equity issuance. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. The Company plans to continue to control its administrative expenses in the coming periods as well as further developing its sales from its main business.

(e) Economic and Political Risks

The Company's operations are conducted in the PRC and involve risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.

(f) Use of Estimates

In preparing of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These accounts and estimates include, but are not limited to, the valuation of accounts receivable, deferred income taxes and the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

(g) Concentrations of Credit Risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and amounts due from a related party. The Company places its cash with financial institutions with high-credit ratings and quality. In addition, the Company conducts periodic reviews of the related party financial conditions and payment practices.

(h) Cash and Cash Equivalents

The Company considers all highly liquid investments with initial maturities of three months or less to be cash equivalents.

(i) Property, plant and equipment

Property, plant and equipment, are stated at cost less depreciation and accumulated impairment loss. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized.

Depreciation of property, plant and equipment is calculated based on cost, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. Estimated useful lives are as follows:

Machinery		5 years
Motor vehicles		10 years
Furniture and office equipment		5 years

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(j) Intangible assets

All land belongs to the government in PRC. Enterprises and individuals can pay the government a fee to obtain a right to use a piece of land for commercial purpose or residential purpose for an initial period of 50 years or 70 years, respectively. The land use right can be sold, purchased, and exchanged in the market. The successor owner of the land use right will reduce the amount of time which has been consumed by the predecessor owner.

We acquired the 5.71 sq.km land use right parcel, located in Heyang Country, Shaanxi Province in 2005. Our land use rights are amortized over their fifty-year term from October 2001 to October 2051.

(k) Impairment of long-lived assets

The Company accounts for impairment of property and equipment and amortizable intangible assets in accordance with ASC 360, "Accounting for Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed Of", which requires the Company to evaluate a long-lived asset for recoverability when there is event or circumstance that indicate the carrying value of the asset may not be recoverable. An impairment loss is recognized when the carrying amount of a long-lived asset or asset group is not recoverable (when carrying amount exceeds the gross, undiscounted cash flows from use and disposition) and is measured as the excess of the carrying amount over the asset's (or asset group's) fair value.

(l) Fair value of financial instruments

ASC Topic 820 defines fair value, establishes a three level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:

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

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

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

It is management's opinion that the estimated fair values of the financial instruments including other current assets and prepayments and other payables and accrued liabilities are not materially different from their carrying values as presented on the balance sheet. This is attributed to the short maturities of the instruments and that interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profile at respective balance sheet dates.

Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, freemarket dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature.

(m) Foreign Currency Translation

The Company maintains its consolidated financial statements in the functional currency. The functional currency of China Changjiang is US dollar ("USD"), the functional currency of "Wah Bon" is Hong Kong dollar ("HKD"), and the functional currency of "Shaanxi Pacific", "Shaanxi Changjiang" and "Changjiang PV" are the Renminbi ("RMB"). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

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For financial reporting purposes, the consolidated financial statements of the Company, "Wah Bon", "Shaanxi Pacific", "Shaanxi Changjiang" and "Changjiang PV" which are prepared using the functional currency have been translated into United States dollars ("USD"). Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders' equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income (loss) but are included in foreign exchange adjustment to other comprehensive income (loss), the accumulated amount of which is a component of stockholders' equity.

Exchange rates applied for the foreign currency translation during the period are as follows:

USD to RMB

	December 31,2016		December 31,2015
Period end US$ : RMB exchange rate		6.9437		6.4907
Average periodic US$ : RMB exchange rate		6.6430		6.2175

USD to HKD

	December 31,2016		December 31,2015
Period end US$ : UHK exchange rate		7.7543		7.7504
Average periodic US$ : UHK exchange rate		7.7617		7.7521

HK$ is pegged to US$ and hence there is no significant translation adjustment impact on these consolidated financial statements.

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.

(n) Related Party

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, member of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

(o) Revenue Recognition

The Company supplied electricity power by its solar PV energy segment. The electricity revenue is earned and recognized upon transmission of electricity to Heyang County Huanghe Bay Resort Hotel Co., Ltd., a related company.

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(p) Income Taxes

ASC 740 requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

ASC 740-10-25 clarifies the accounting for uncertain tax positions and requires that an entity recognizes in the consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as a component of income tax expense in the consolidated statements of income.

(q) Comprehensive Income/Loss

Comprehensive income/loss is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a consolidated financial statement that is presented with the same prominence as other financial statements. At present, the only component of other comprehensive income/loss is the Company's foreign currency translation adjustment.

(r) Earnings/Loss per Share

Basic earnings/loss per share is computed by dividing earnings/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is computed in a manner similar to basic earnings/loss 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 shares had been issued and if the additional common shares were dilutive.

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(s) Recent Accounting Pronouncements

In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing”. The amendments add further guidance on identifying performance obligations and also to improve the operability and understandability of the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements in Topic 606. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In May 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients”. The amendments, among other things: (1) clarify the objective of the collectability criterion for applying paragraph 606-10-25-7; (2) permit an entity to exclude amounts collected from customers for all sales (and other similar) taxes from the transaction price; (3) specify that the measurement date for noncash consideration is contract inception; (4) provide a practical expedient that permits an entity to reflect the aggregate effect of all modifications that occur before the beginning of the earliest period presented when identifying the satisfied and unsatisfied performance obligations, determining the transaction price, and allocating the transaction price to the satisfied and unsatisfied performance obligations; (5) clarify that a completed contract for purposes of transition is a contract for which all (or substantially all) of the revenue was recognized under legacy GAAP before the date of initial application, and (6) clarify that an entity that retrospectively applies the guidance in Topic 606 to each prior reporting period is not required to disclose the effect of the accounting change for the period of adoption. The effective date of these amendments is at the same date that Topic 606 is effective. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. These amendments provide cash flow statement classification guidance for: 1. Debt Prepayment or Debt Extinguishment Costs; 2. Settlement of Zero-Coupon Debt Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing; 3. Contingent Consideration Payments Made after a Business Combination; 4. Proceeds from the Settlement of Insurance Claims; 5. Proceeds from the Settlement of Corporate-Owned Life Insurance Policies, including Bank-Owned Life Insurance Policies; 6. Distributions Received from Equity Method Investees; 7. Beneficial Interests in Securitization Transactions; and 8. Separately Identifiable Cash Flows and Application of the Predominance Principle. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted, including adoption in an interim period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In October 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. These amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. If a reporting entity satisfies the first characteristic of a primary beneficiary (such that it is the single decision maker of a variable interest entity), the amendments require that reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a variable interest entity and, on a proportionate basis, its indirect variable interests in a variable interest entity held through related parties, including related parties that are under common control with the reporting entity. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity adopts the pending content that links to this paragraph in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. [JW4] These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In December 2016, the FASB issued ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers”. The amendments in ASU 2016-20 affect narrow aspects of the guidance issued in ASU 2014-09 including Loan Guarantee Fees, Contract Costs, Provisions for Losses on Construction-Type and Production-Type Contracts, Disclosure of Remaining Performance Obligations, Disclosure of Prior Period Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liabilities, Advertising Costs, Fixed Odds Wagering Contracts in the Casino Industry, and Costs Capitalized for Advisors to Private Funds and Public Funds. The effective date of these amendments are at the same date that Topic 606 is effective. Topic 606 is effective for public entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein (i.e., January 1, 2018, for a calendar year entity). The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

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3. PROPERTY, PLANT AND EQUIPMENT

The following is a summary of property, plant and equipment:

	December 31, 2016			December 31, 2015
Cost
Motor vehicles	$	210,190		$	224,859
EPC equipment		281,908			301,583
Office equipment		11,660			12,475
Total		503,758			538,917
Accumulated depreciation		(302,752	)		(292,437	)
Property, plant and equipment, net	$	201,006		$	246,480

Depreciation expenses for the years ended December 31, 2016 and 2015 were $30,725 and $53,174, respectively.

4. INTANGIBLE ASSET

The following is a summary of intangible asset:

	December 31, 2016			December 31, 2015
Cost of land use right	$	18,432,882		$	19,719,353
Accumulated amortization of land use right		(4,721,760	)		(4,656,915	)
Intangible asset, net	$	13,711,122		$	15,062,438

Amortization expenses were approximately $385,345 and $411,717 for the years ended December 31, 2016 and 2015, respectively.

5. DUE FROM RELATED PARTIES

(a) Loans from related parties

The loans owed by related parties are unsecured, interest free and not expected to be paid within twelve months from December 31, 2016.

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Loans receivable from related parties consists of the following:

	December 31,2016		December 31,2015
Shaanxi Du Kang Liquor Group Co., Ltd. ("Du Kang"), controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	-	$	1,164,107	interest free
Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), manager of which is Zhang Hongjun, the Director and principal shareholder of the Company		-		5,007	interest free
	$	-	$	1,169,114

In April 2015, Shaanxi Changjiang moved to a new office that is owned by Shaanxi Baishui Dukang Liquor Co., Ltd., a related company. Shaanxi Changjiang is allowed to occupy the space for free.

At the year end of 2015, the Company decided to write off total balances of $1,628,468 (equivalent to RMB 10,125,000) due from related parties due to the uncertain collectability. Those receivable balances consist of $454,363 receivable from Zhongke Aerospace & Agriculture Development Stock Co., Ltd., $804,181 receivable from Shaanxi Jiuzu Shaokang Liquor Co., Ltd. and $369,924 receivable from Shaanxi Changfa Industrial Co., Ltd. As Shaanxi Jiuzu Shaokang Liquor Co., Ltd. is owned by Zhang Hongjun (95% ownership), Shaanxi Changfa Industrial Co., Ltd. is owned by Zhang Hongjun (39% ownership) and Shaanxi Changjiang (13% ownership), the write-offs of $1,174,105 related to those companies are accounted for as a transaction between entities under common control and recorded as an adjustment to stockholders’ equity (additional paid-in capital).

At the year end of 2016, the Company decided to write off balance of $5,007 due from Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.) due to the uncertain collectability.

On December 26, 2016, Changjiang PV had RMB 7,900,000 (approximately $1,137,525) due from Du Kang and Shaanxi Changjiang had RMB 11,033,888 (approximately $1,589,050) due to Wang Shengli. The four parties agreed that the Company offset the amount due from Du Kang with the same amount due to Wang Shengli, leaving Shaanxi Changjiang with RMB 3,133,888 (approximately $451,328) due to Wang Shengli as of December 31, 2016.

(b) Sales revenue from related parties

The Company provided solar power to one of its related parties, Heyang County Huanghe Bay Resort Hotel Co., Ltd. since 2014. As of December 31, 2015, no collection has been received. The Company wrote off the receivable balance of $26,597 (equivalent to RMB 165,366) for 2014 and the remaining receivable balance was $7,151 at December 31, 2015. During the fourth quarter of 2016, as no collection has been received, the Company decided to write off all the uncollected receivables related to solar power in the amount of RMB 205,424 (approximately $30,809) and decided not to recognize such revenue going forward.

Accounts receivable from related parties consists of the following:

	December 31,2016		December 31,2015
Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	-	$	7,151	interest free
		-		7,151

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6. OTHER PAYABLES AND ACCRUED EXPENSES

The following is a summary of other payables and accrued liabilities:

	December 31, 2016		December 31, 2015
Tax payable	$	60,498	$	64,696
Salary and welfare payable		656		302
Other payable		1,144,565		1,218,684
	$	1,205,719	$	1,283,682

7. DUE TO RELATED PARTIES

The balance of $592,410 due to related parties represents the loans owed to related parties, which are interest free, unsecured and the Company does not intend to be repay within twelve months from December 31, 2016.

	December 31,		December 31,
	2016		2015
Baishui Dukang Marketing Management Co., Ltd. (Previously Huitong World Property Superintendent Co.,Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company	$	360,039	$	385,166
Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		91,011		58,391
Shaanxi East Mining Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		-		56,614
Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		31,683		9,244
Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd		37,444		-
Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		58,921		-
Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company		12,433		-
Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hong Jun, the Director and principal shareholder of the Company, and senior executives of which are Wang Sheng Li, Li Ping and Tian Hailong, the directors and shareholders of the Company		879		941
	$	592,410	$	510,356

The office space occupied by Shaanxi Pacific is a property owned by Zhang Hongjun. The Company is allowed to use it for free.

The office space occupied by Changjiang PV is a property owned by Shaanxi Xi Deng Hui Development Stock Co., Ltd., a related party. The Company is allowed to use it for free.

In April 2015, Shaanxi Jiuzu Shaokang Liquor Co., Ltd. made rent payment of RMB 12,000 (approximately $1,930) on behalf of Shaanxi Changjiang and agreed to waive the repayment. Since Shaanxi Jiuzu Shaokang Liquor Co., Ltd. is owed by Zhang Hongjun (95% ownership), the exemption of $1,930 is accounted for as a transaction between entities under common control and recorded as an adjustment to stockholder's equity (additional paid - in capital).

During the year ended December 31, 2015, Shaanxi Dukang Liquor Trading Co., Ltd. and Shaanxi Dukang Liquor Group Co., Ltd. made salary payment of RMB 592,119 (approximately $95,234) on behalf of Shaanxi Changjiang. During the year of 2016, Shaanxi Dukang Liquor Group Co., Ltd. paid RMB 44,111 (approximately $6,640) to Ping Li on behalf of Shanxi Changjiang and later agreed to waive the repayment. Since Shannxi Dukang Liquor Trading Co., Ltd. is owned by Zhang Hongjun (40% ownership) and Shaanxi Dukang Liquor Group Co., Ltd. (40% ownership) and Zhang Hongjun is the principal owner of Shaanxi Dukang Liquor Group Co., Ltd., the exemption of $95,234 and $6,640 are accounted for as a transaction between entities under common control and recorded as an adjustment to stockholder's equity (additional paid - in capital). Additionally, Shaanxi Xi Deng Hui Development Stock Co., Ltd. made salary payment of RMB 73,980 (approximately $11,898) on behalf of the Company and later agreed to waive the repayment. The exemption of $11,898 is recorded as other income for the year ended December 31, 2015.

On September 15, 2015, the Company was exempt from the loan of RMB 10,000,000 (approximately $1,572,451) owed to East Mining, a company owned by Zhang Hongjun (70% ownership) and Wang Shengli (30% ownership). As both Shaanxi East Mining Co., Ltd and the Company are under common control of Zhang Hongjun and Wang Shengli, the extinguishment of related party loan is accounted for as a transaction between entities under common control with $1,572,451 recorded as an adjustment to stockholders' equity (additional paid-in capital).

On April 29, 2016, Shaanxi Industrial and Commercial Bureau officially approved the cancellation of registration of East Mining. Zhang Hongjun, major shareholder of East Mining and director and principal shareholder of the Company, agreed to forgive the loan of $55,316 borrowed by the Company on behalf of all the shareholders of East Mining. As the Company and East Mining are under common control of Zhang Hongjun and Wang Shengli, the extinguishment of related party loan is accounted for as a transaction between entities under common control with $55,316 recorded as an adjustment to stockholders' equity (additional paid-in capital).

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8. DUE TO SHAREHOLDERS

The balance of $1,880,311 due to shareholders represents the loans owed to the shareholders, which are interest free and unsecured. The management does not intend to repay the loans within twelve months from December 31, 2016.

Due to shareholders consist of the following:

	December 31,		December 31,
	2016		2015
Due to Wang Shengli	$	451,328	$	1,699,954
Due to Zhang Hongjun		873,742		934,722
Due to Chen Min		555,241		584,501
	$	1,880,311	$	3,219,177

On December 26, 2016, Changjiang PV had RMB 7,900,000 (approximately $1,137,525) due from Dukang and Shaanxi Changjiang had RMB 11,033,888 (approximately $1,589,050) due to Wang Shengli. The four parties agreed that the Copany offset the amount due from Dukang with the same amount due to Wang Shengli, leaving Shaanxi Changjiang with amount of RMB 3,133,888 (approximately $451,328) due to Wang Shengli as of December 31, 2016. Also see Note 5 for details.

9. INCOME TAX

China Changjiang is incorporated in the United States and has incurred net operating income of nil, as for income tax purposes, both for the years ended December 31, 2016 and 2015. The Company's other subsidiaries are subject to income tax described below.

Hong Kong

Wah Bon is incorporated in Hong Kong and subject to Hong Kong profits tax. Wah Bon has no operating profit or tax liabilities during the years ended December 31, 2016 and 2015.

PRC

On March 16, 2007, the National People's Congress passed the Enterprise Income Tax Law ("the China EIT Law"), which was effective as of January 1, 2008.

Shaanxi Pacific, Shaanxi Changjiang and Changjiang PV are incorporated in the PRC and subject to 25% China statutory tax rate. Shaanxi Pacific did not incur any operating income for the years ended December 31, 2016 and 2015. Shaanxi Changjiang incurred net loss, for income tax purpose, for the years ended December 31, 2016 and 2015. Changjiang PV had net losses for the years ended December 31, 2016 and 2015.

The China EIT Law also provides that an enterprise established under the laws of foreign countries or regions but whose "de facto management body" is located in the PRC be treated as a resident enterprise for PRC tax purpose and consequently be subject to the PRC income tax at the rate of 25% for its worldwide income. The Implementing Rules of the China EIT Law merely defines the location of the "de facto management body" as "the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, properties, etc., of a non-PRC company is located." On April 22, 2009, the PRC State Administration of Taxation further issued a notice entitled "Notice regarding Recognizing Offshore-Established Enterprises Controlled by PRC Shareholders as Resident Enterprises Based on Their place of Effective Management." Under this notice, a foreign company controlled by a PRC company or a group of PRC companies shall be deemed as a PRC resident enterprise, if (i) the senior management and the core management departments in charge of its daily operations mainly function in the PRC; (ii) its financial decisions and human resource decisions are subject to decisions or approvals of persons or institutions in the PRC; (iii) its major assets, accounting books, company sales, minutes and files of board meetings and shareholders' meetings are located or kept in the PRC; and (iv) more than half of the directors or senior management personnel with voting rights reside in the PRC. Based on a review of surrounding facts and circumstances, the Company does not believe that it is likely that its operations outside of the PRC should be considered a resident enterprise for PRC tax purposes. However, due to limited guidance and implementation history of the China EIT Law, should the Company be treated as a resident enterprise for PRC tax purposes, the Company will be subject to PRC tax on worldwide income at a uniform tax rate of 25% retroactive to September 19, 2008.

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The China EIT Law also imposes a withholding income tax of 10% on dividends distributed by a foreign invested enterprise to its immediate holding company outside of China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding company's jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. Such withholding income tax was exempted under the previous income tax regulations. The United States of America, where the Company is incorporated, has such tax treaty with China.

As no entities had any net income, the Company did not provide any income tax expense for the years ended December 31, 2016 and 2015.

The following table reconciles the statutory U.S. federal income tax rate to the Company's effective income tax rate

	For the year ended December 31, 2016			For the year ended December 31, 2015
U.S. Federal statutory rate		35	%		35	%
PRC Statutory rate (25%) difference		-10	%		-10	%
Changes in valuation allowance for DTA		-25	%		-25	%
Effective income tax rate		0	%		0	%

As of December 31, 2016, the Company's PRC subsidiaries had net taxable operating loss carry-forwards of approximately $1,764,559. The PRC Income Tax allows the enterprises to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The Management believes that the Company's cumulative losses arising from recurring business in recent years constituted significant negative evidence that most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate future taxable income. The valuation allowance of $440,140 was recorded.

Components of the Company's net deferred tax assets are set forth below:

	December 31, 2016			December 31, 2015
Deferred tax assets
Net operating loss carry-forwards	$	440,140		$	376,415
Total of deferred tax assets	$	440,140		$	376,415
Less: valuation allowance	$	(440,140	)	$	(376,415	)
Net deferred assets	$	-		$	-

Accounting for Uncertainty in Income Taxes

The Company adopted the provisions of Accounting for Uncertainty in Income Taxes. The provisions clarify the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with the standard "Accounting for Income Taxes," and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The provisions of Accounting for Uncertainty in Income Taxes also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

Based on the Company's evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.

The Company may from time to time be assessed interest or penalties by major tax jurisdictions. In the event it receives an assessment for interest and/or penalties, it will be classified in the financial statements as tax expense.

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10. OPERATING LEASE

Shaanxi Changjiang entered into a lease agreement for the lease of its office space in February 2011 for two years expired on March 1, 2013. The agreement was renewed in February 2013 for an additional year with the annual lease payment increased to RMB100,000 (approximately $16,084). The agreement was further renewed in 2014 to extend the expiration date to April 30, 2015 with annual lease payment remained unchanged. Shaanxi Changjiang moved to a new office in May 2015, which is under the name of Baishui Dukang Liquor Group, a related party under common control of Zhang Hongjun. Baishui Dukang agreed that Changjiang Mining can use the office for free for indefinite period.

Rental expense for the years ended December 31, 2016 and 2015 was $0 and $8,256, respectively.

11. SUBSEQUENT EVENTS

As of December 31, 2016, the Company owned $91,011 (RMB626,950) to Shaanxi Dukang Liquor Trading Co., Ltd, a related party of the Company. On January 16, 2017, the loan was extended to December 31, 2018. The loan is unsecured, bearing no interest and was borrowed to maintain cash flow for the Company's operations.

On February 25, 2017, the Company borrowed a one-year loan in the amount of $2,304 (RMB 16,000) from Shaanxi Dukang Liquor Trading Co., Ltd., a related party of the Company. The loan is unsecured, bearing no interest and was borrowed to maintain cash flow for the Company's operations.

On January 5, 2017, the Company borrowed a one-year loans in the amount of $21,602 (RMB150,000) from Shaanxi Dukang Liquor Trading Co., Ltd., a related party of the Company. The loan is unsecured, bearing no interest and was borrowed to maintain cash flow for the Company's operations.

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