UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10−-Q

~~(Mark~~☒ QUARTERLY ~~One~~REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~[X]~~For ~~QUARTERLY~~the ~~REPORT~~quarterly ~~PURSUANT~~period TOended ~~SECTION~~June 1330, ~~OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~2016

~~For the quarterly period ended: December 31, 2015~~or

~~[ ]~~ ☐ 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: 333-173680

GLORYWIN ENTERTAINMENT GROUP INC.

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in ~~Its~~its ~~Charter~~charter)

Nevada		27-3369810
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

Room 8, 20/F, AIA Tower,Nos 251A-301, Avenida Commercial de Macau, Macau

(Address of principal executive offices~~, Zip Code~~)

+853 8294-2333

(Registrant’'s telephone number~~, including area code~~)

~~Indicate~~Securities byregistered ~~check~~pursuant ~~mark whether the registrant (1) has filed all reports required~~ to ~~be filed by~~ Section ~~13 or 15~~12(db) 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 ☒ No ☐:

~~Indicate~~Title byof ~~check~~each ~~mark~~class ~~whether~~Trading ~~the~~Symbol ~~registrant~~Name ~~has~~of ~~submitted~~each ~~electronically~~exchange ~~and posted~~ on ~~its~~which corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐registered

Indicate by check mark whether the registrant is(1) ahas ~~large~~filed ~~accelerated~~all ~~filer,~~reports required anto ~~accelerated~~be ~~filer,~~filed aby ~~non-accelerated~~Section ~~filer,~~13 or a15(d) ~~smaller~~of ~~reporting~~the ~~company. See~~Securities ~~the~~Exchange ~~definitions~~Act of ~~“large~~1934 ~~accelerated~~during ~~filer,”~~the ~~“accelerated~~preceding ~~filer”~~12 ~~and~~months ~~“smaller~~(or ~~reporting~~for ~~company”~~such inshorter period ~~Rule~~that ~~12b-~~the registrant was required to file such reports), and (2) ofhas been subject to such filing requirements for the ~~Exchange~~past ~~Act~~90 days.

~~Large~~Yes ☒ No ~~accelerated filer~~ ☐ ~~Accelerated filer ☐~~

~~Non~~Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-~~accelerated~~T ~~filer ¨~~during the preceding 12 months (Door ~~not~~for ~~check~~such ifshorter aperiod ~~smaller~~that ~~reporting~~the company) Smallerregistrant ~~reporting~~was ~~company ☒~~required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated Filer ☐	Accelerated Filer ☐
Non-accelerated Filer ☐	Smaller reporting company ☒
	Emerging growth company ☐

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

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

~~The~~APPLICABLE ~~number~~ONLY ofTO ~~shares~~CORPORATE ~~outstanding of each of the issuer’s classes of common stock, as of February 3, 2016 is as follows~~ISSUERS:

Class of Securities		Shares Outstanding
Common Stock, $0.001 par value		20,900,338

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of the latest practicable date: 20,900,338 shares of $0.001 par value common stock outstanding as of August 7, 2015.

GLORYWIN ENTERTAINMENT GROUP INC.

~~Quarterly~~FORM ~~Report on Form~~ 10-Q ~~Period Ended December 31, 2015~~

Quarterly Period Ended June 30, 2016

TABLE OF CONTENTS

PART I 3 FINANCIAL INFORMATION 3 ITEM 1. FINANCIAL STATEMENTS 3 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 14 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 19 ITEM 4. CONTROLS AND PROCEDURES. 19 PART II 20 OTHER INFORMATION 20 ITEM 1. LEGAL PROCEEDINGS. 20 ITEM 1A. RISK FACTORS. 20 ITEM 2. DEFAULTS UPON SENIOR SECURITIES. 20 ITEM 3. MINE SAFETY DISCLOSURES. 20 ITEM 4. OTHER INFORMATION. 20 ITEM 5. EXHIBITS. 20

		Page

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS		3

PART I. FINANCIAL INFORMATION		4
Item 1.	Financial Statements	4
	Consolidated Balance Sheets as of June 30, 2016 (Unaudited) and March 31, 2016	4
	Consolidated Statements of Operations and Comprehensive Income (Unaudited) for the Three Months ended June 30, 2016 and 2015	5
	Consolidated Statements of Cash Flows (Unaudited) for the Three Months ended June 30, 2016 and 2015	6
	Notes to Unaudited Consolidated Financial Statements	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14

PART II. OTHER INFORMATION		16
Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	16

SIGNATURES		17

~~Table of Contents~~2

~~PART~~Unless Iotherwise noted, references in this registration statement to "Glorywin Entertainment Group Inc." the "Company," "we," "our" or "us" means Glorywin Entertainment Group Inc. and its subsidiaries.

~~FINANCIAL~~FORWARD-LOOKING ~~INFORMATION~~STATEMENTS

~~ITEM~~This 1document contains "forward-looking statements". All statements ~~FINANCIAL~~other ~~STATEMENTS~~than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

~~GLORYWIN~~Forward-looking ~~ENTERTAINMENT~~statements ~~GROUP~~may include the words "may, ~~INC~~"could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words. ~~AND~~These ~~SUBSIDIARIES~~forward-looking ~~CONSOLIDATED~~statements ~~BALANCE~~present ~~SHEETS~~our Asestimates and assumptions only as of ~~December~~the date 31of this report. Accordingly, ~~2015~~readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. Except for our ongoing securities laws, we do not intend, and ~~March~~undertake 31no obligation, ~~2015~~to update any forward-looking statement. Additionally, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 most likely do not apply to our forward-looking statements as a result of being a penny stock issuer. You should, however, consult further disclosures we make in future filings of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

	December 31,			March 31,
	2015			2015
	<Unaudited>			<As Restated>
ASSETS
Current assets
Cash and cash equivalents	$	13,015		$	213,974
Accounts receivable		1,820,090			463,205
Other current assets		4,269			4,294
Total current assets		1,837,374			681,473
Non - current assets
Property, plant and equipment, net		29,136			-
Construction in process		5,560,492			2,445,424
Deposits for long-term operating leases		325,000			295,000
Total non-current assets		5,914,628			2,740,424
Total assets	$	7,752,002		$	3,421,897
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accrued liabilities and other payables	$	217,438		$	74,965
Taxes payable		946,924			343,971
Other payables - related parties		304,240			347,177
Total current liabilities		1,468,602			766,113
Total liabilities		1,468,602			766,113
Shareholders' equity
Common stock, $0.001 par value, 490,000,000 shares authorized, 20,900,338 and 20,800,338 shares issued and outstanding as of December 31, 2015 and March 31, 2015, respectively		20,900			20,800
Additional paid-in capital		1,923,932			1,690,032
Accumulated other comprehensive loss		(3,756	)		(3,756	)
Retained earnings		4,342,324			948,708
Total shareholders' equity		6,283,400			2,655,784
Total liabilities and shareholders' equity	$	7,752,002		$	3,421,897

Although we believe the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

~~See~~AVAILABLE ~~notes to unaudited consolidated financial statements~~INFORMATION

We file annual, quarterly and special reports and other information with the SEC that can be inspected and copied at the public reference facility maintained by the SEC at 100 F Street, N.E., Room 1580, Washington, D.C. 20549-0405. Information regarding the public reference facilities may be obtained from the SEC by telephoning 1-800-SEC-0330. The Company's filings are also available through the SEC's Electronic Data Gathering Analysis and Retrieval System which is publicly available through the SEC's website (www.sec.gov). Copies of such materials may also be obtained by mail from the public reference section of the SEC at 100 F Street, N.E., Room 1580, Washington, D.C. 20549-0405 at prescribed rates.

~~Table~~PART ofI ~~Contents~~- FINANCIAL INFORMATION

~~GLORYWIN~~Item ~~ENTERTAINMENT GROUP, INC~~1. ~~AND~~Financial ~~SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME For the Three and Nine Months Ended December 31, 2015 and 2014 (Unaudited)~~Statements

	For the Three Months Ended December 31,						For the Nine Months Ended December 31,
	2015			2014 (As Restated)			2015			2014 (As Restated)
Revenues	$	1,948,295		$	1,360,387		$	5,464,068		$	2,529,849
Gross profit		1,948,295			1,360,387			5,464,068			2,529,849
Operating expenses:
General and administrative expenses		407,093			1,304,607			1,315,330			1,493,841
Professional fees		58,854			277,918			152,168			327,087
Total operating expenses		465,947			1,582,525			1,467,498			1,820,928
Other expense:
Interest expense		-			4,773			-			4,773
Total other expense		-			4,773			-			4,773
Income (loss) before provision for income taxes		1,482,348			(226,911	)		3,996,570			704,148
Provision for income taxes		(207,758	)		(146,620	)		(602,954	)		(258,347	)
Net income (loss)	$	1,274,590		$	(373,531	)	$	3,393,616		$	445,801
Comprehensive income
Net income (loss)	$	1,274,590		$	(373,531	)	$	3,393,616		$	445,801
Total comprehensive income (loss)	$	1,274,590		$	(373,531	)	$	3,393,616		$	445,801
Net income (loss) per share
Basic	$	0.06		$	(0.19	)	$	0.16		$	0.02
Diluted	$	0.06		$	(0.19	)	$	0.16		$	0.02
Weighted average common shares outstanding
Basic		20,900,338			20,116,701			20,866,883			25,092,988
Diluted		20,900,338			20,116,701			20,866,883			25,092,988

GLORYWIN ENTERTAINMENT GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

As of June 30, 2016 and March 31, 2016

	June 30,			March 31,
	2016			2016
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	252		$	252
Accounts receivable		–			–
Other current assets		–			–
Total current assets		252			252
Total assets	$	252		$	252

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities
Accrued liabilities and other payables	$	57,895		$	33,262
Taxes payable		–			–
Other payables - related parties		–			–
Total current liabilities		57,895			33,262
Total liabilities		57,895			33,262

Shareholders' equity (deficit)
Common stock, $0.001 par value, 490,000,000 shares authorized, 50,900,338 shares issued and outstanding as of June 30, 2016 and March 31, 2016		50,900			50,900
Additional paid-in capital		1,890,996			1,890,996
Accumulated other comprehensive loss		(11,282	)		(11,094	)
Retained earnings		(1,988,258	)		(1,963,813	)
Total shareholders' equity (deficit)		(57,643	)		(33,011	)
Total liabilities and shareholders' equity (deficit)	$	252		$	252

See notes to unaudited consolidated financial statements

~~Table~~GLORYWIN ofENTERTAINMENT ~~Contents~~GROUP, INC. AND SUBSIDIARIES

~~GLORYWIN ENTERTAINMENT GROUP, INC. AND SUBSIDIARIES~~ CONSOLIDATED STATEMENTS OF ~~CHANGES~~OPERATIONS INAND ~~SHAREHOLDERS'~~COMPREHENSIVE ~~EQUITY For the Year Ended March 31, 2015 and Nine Months Ended December 31, 2015~~INCOME

	Preferred Stock				Common Stock				Additional Paid-in			Accumulated Other
	Shares		Amount		Shares		Amount		Capital			Comprehensive Loss			Retained Earnings			Shareholders' Equity
Balance - March 31, 2014		-	$	-		9,805,044	$	9,805	$	91,850		$	-		$	(118,524	)		(16,869	)
Share issued for acquisition of Top Point		-		-		10,195,294		10,195		(10,195	)		-			-			-
Share based compensation - employees		-		-		100,000		100		199,900			-			-			200,000
Share issued to third parties for services provided		-		-		100,000		100		199,900			-			-			200,000
Share issued to related parties for services provided		-		-		600,000		600		1,199,400			-			-			1,200,000
Acquisition of Wonderful Gate		-		-		-		-		(7,692	)		-			-			(7,692	)
Debt forgiveness		-		-		-		-		16,869			-			-			16,869
Net income		-		-		-		-		-			-			1,067,232			1,067,232
Foreign currency translation adjustment		-		-		-		-		-			(3,756	)		-			(3,756	)
Ending Balance - March 31, 2015 (As Restated)		-		-		20,800,338		20,800		1,690,032			(3,756	)		948,708			2,655,784
Contributions from shareholder		-		-				-		9,000			-			-			9,000
Share based compensations - employees		-		-		100,000		100		224,900			-			-			225,000
Net income		-		-		-		-		-			-			3,393,616			3,393,616
Ending Balance - December 31, 2015 (Unaudited)		-	$	-		20,900,338	$	20,900	$	1,923,932		$	(3,756	)	$	4,342,324		$	6,283,400

For the Three Months Ended June 30, 2016 and 2015

(Unaudited)

	For the Three Months Ended June 30,
	2016			2015

Revenues	$	–		$	1,754,827
Gross profit		–			1,754,827
Operating expenses:
General and administrative expenses		24,445			56,217
Professional fees		–			47,381
Total operating expenses		24,445			103,598
Income before provision for income taxes		(24,445	)		1,651,229
Provision for income taxes		–			(199,007	)
Net income	$	(24,445	)	$	1,452,222

Comprehensive income
Net income	$	(24,445	)	$	1,452,222
Total comprehensive income	$	(24,445	)	$	1,452,222

Net income per share
Basic	$	0.00		$	0.07
Diluted	$	0.00		$	0.07
Weighted average shares outstanding
Basic		50,900,338			20,800,338
Diluted		50,900,338			20,800,338

See notes to unaudited consolidated financial statements

~~Table~~GLORYWIN ofENTERTAINMENT ~~Contents~~GROUP, INC. AND SUBSIDIARIES

~~GLORYWIN ENTERTAINMENT GROUP, INC. AND SUBSIDIARIES~~ CONSOLIDATED STATEMENTS OF CASH FLOWS ~~For the Nine Months Ended December 31, 2015 and 2014 (Unaudited)~~

	For the Nine Months Ended December 31,
	2015			2014 (As Restated)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	3,393,616		$	445,801
Adjustments to reconcile net income to net cash provided by operating activities:
Expenses paid and waived by shareholder		9,000			-
Depreciation expenses		3,014			-
Share based compensation - employees		225,000			1,400,000
Imputed Interest		-			4,773
Changes in operating assets and liabilities:
Accounts receivable		(1,359,303	)		(917,883	)
Other current assets		-			(15,738	)
Deposits for long-term operating leases		(30,000	)		(295,000	)
Taxes payable		604,960			-
Accrued liabilities and other payables		191,131			(7,693	)
Other payables - related parties		-			260,928
NET CASH PROVIDED BY OPERATING ACTIVITIES		3,037,418			875,188
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		(32,150	)		-
Cash paid for construction in process		(3,115,068	)		(903,479	)
NET CASH USED IN INVESTING ACTIVITIES		(3,147,218	)		(903,479	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party advances		324,544			336,631
Repayments to related party advances		(415,703	)		(138,996	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(91,159	)		197,635
NET INCREASE/( DECREASE) IN CASH AND CASH EQUIVALENTS		(200,959	)		169,344
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		213,974			-
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	13,015		$	169,344
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for:
Interest	$	-		$	-
Income taxes	$	-		$	-
NON-CASH DISCLOSURE OF CASH FLOW INFORMATION:
Due to shareholder in connection with acquisition of Wonderful Gate	$	-		$	7,692
Debt forgiveness	$	-		$	16,869
Shares issued for acquisition of Top Point	$	-		$	10,195

For the Three Months Ended June 30, 2016 and 2015

(Unaudited)

	For the Three Months Ended June 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	(24,445	)	$	1,452,222
Changes in operating assets and liabilities:
Accounts receivable		–			(1,057,866	)
Other current assets		–			–
Taxes payable					199,007
Accrued liabilities and other payables		24,633			(17,731	)

NET CASH PROVIDED BY OPERATING ACTIVITIES		188			575,632

CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to shareholders		–			(463,286	)
Proceeds from related party advances		–			120,179
Repayments to related party advances		–			(139,627	)

NET CASH USED IN FINANCING ACTIVITIES		–			(482,734	)

NET INCREASE IN CASH AND CASH EQUIVALENTS		(188	)		92,898
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		–			28,873
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	252		$	121,771

See notes to unaudited consolidated financial statements

~~Table~~Glorywin ofEntertainment ~~Contents~~Group, Inc. and Subsidiaries

Glorywin Entertainment Group Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements

Note 1 – Nature of Business

Glorywin Entertainment Group Inc. (“"Glorywin”"), formerly known as Zippy Bags, Inc., was incorporated in the state of Nevada on August 26, 2010 (“"Inception”"). It was initially formed to market a snowboard carrying bag locally, in the Salt Lake City, Utah area to snowboard shops and outdoor retailers.

On June 17, 2014, Janet Somsen, the original owner of Glorywin, entered into a security purchase agreement to sell 44.5% of Glorywin’'s outstanding shares, or 4,365,000 shares, of common stock, to Taipan Pearl Sdn Bhd and Wenwei Wu in exchange for an aggregate purchase price of $189,004 in cash. At the closing of the transaction, Janet Somsen agreed that the previous officers would resign, and all the debts, consisting of $11,719 of taxes payable, $1,650 of accounts payable, and $3,500 of notes payable due to BK Consulting and Associates, P.C. (“"BK Consulting”"), would be repaid by Ms. Somsen. Glorywin is a shell company and has no operations.

On the same day, Glorywin entered into a share transfer agreement with Top Point Limited (“"Top Point”"), a company incorporated in Samoa on April 9, 2014. Pursuant to the agreement, Glorywin issued 10,195,294 shares of common stock to ~~Wen~~Wenwei ~~Wei~~ Wu, Taipan Pearl Sdn Bhd, ~~Boon~~Boom Siong Lee and Zhen Long Ho to acquire 1,000 common shares (100%) of Top Point. Top Point is a shell company and has no operations.

Simultaneously, Glorywin paid Macanese Pataca (“"MOP”") 60,000 (approximately $7,692) to acquire Wonderful Gate Strategy Company Limited (“"Wonderful Gate”"), a company incorporated on March 11, 2009 in Macau, China, and had no operation prior to the acquisition, from, Carmen Lum. Since then, Wonderful Gate has been engaged in service of introducing sub-junkets and information technology infrastructure to land-based casinos and receiving an agreed percentage of total bets as revenue. ~~Wonderful~~During ~~Gate~~the ~~has~~three ~~introduced~~months ended June 30, 2015, 25 sub-junkets tointroduced ~~initially~~by ~~three~~Wonderful Gate provided service to two land-based casinos in Cambodia. Glorywin and ~~reduced~~its tosubsidiaries ~~two~~(collectively, ~~land-based~~the "Company", "us") do not hold licence to operate casinos/junket or to ~~date~~conduct gaming promotion business in any country.

~~After~~The ~~the~~acquisitions ~~above~~were ~~transactions,~~accounted ~~Taipan~~for ~~Pearl~~as ~~Sdn~~acquisitions by ~~Bhd~~entities ~~owns~~under ~~56%~~common ~~interest~~control ofdue to the ~~Glorywin~~fact that each company was and ~~its~~continued ~~subsidiaries,~~to ~~(collectively,~~be “held by the Company”,. ~~“us”)~~As such, ~~and~~the ~~became~~transaction was recorded on the ~~biggest~~purchase ~~shareholder~~method of ~~the~~accounting ~~Company~~at historical amounts.

After the above transactions, Taipan Pearl Sdn Bhd owns 56.00% interest of the Company and became the biggest shareholder of the Company.

On October 30, 2014, the Company changed its name to Glorywin Entertainment Group, Inc.

Acquisition of Gwin Company Limited (Gwin)

On October 22, 2014, the Company orally entered into a conditional sale agreement ("Conditional Sale Agreement"), which was later put into a written form on January 19, 2015, with Taipan Pearl Sdn Bhd, shareholder of 56% of the Company's interest. Pursuant to the Conditional Sale Agreement, the Company agreed to pay a total price of $2,000,000 to acquire Gwin Company Limited ("Target Company", or "Gwin"), which is solely owned by Mr. Sing Hong Ting, the 100% beneficial owner of Taipan Pearl Sdn Bhd. Gwin obtained the formal approval of incorporation in March, 2015 and did not generate any revenues since its establishment. The sale would be completed under conditions that the Target Company becomes profitable within 12 months from the date of the Conditional Sale Agreement (“Profitability Condition”) and that the Target Company maintains all necessary licenses to be operational. If the two conditions were not satisfied, the amount paid would be fully refunded. On February 18, 2015, the Company signed a supplementary agreement to the Conditional Sale Agreement ("Supplementary Agreement") with Taipan Pearl Sdn Bhd, pursuant to which, another $2,000,000 would be paid by the Company for acquisition of the Target Company. The incremental $2,000,000 would be used in renovating and operating of the Target Company. The Company paid $3,180,425 as of March 31, 2015 and continued to pay until September 29, 2015, when the Company entered into a Closing Agreement ("Closing Agreement") with Mr. Sing Hong Ting to officially acquire the Target Company. On November 11, 2015, the Company entered into an Amended and Restated Agreement (“Restated Agreement”) with Mr. Sing Hong Ting. Pursuant to the Closing Agreement and Restated Agreement, the Company: (1) purchased 100% of Gwin’s equity interest, and all the advanced payment to the Target Company, totalling $5,876,392, shall be regarded as the final consideration of the sale, and therefore shall not be refundable; (2) waived the Profitability Condition of the Conditional Sale Agreement, which was not met as of September 29, 2015; and (3) agreed with the other signing party to correct the seller of Gwin from Taipan Pearl Sdn Bhd to Mr. Sing Hong Ting. On January 9, 2015, Gwin entered into a lease agreement to lease a casino hotel building with equipment in it located in Kingdom of Cambodia. Gwin is currently refurbishing the building and expects to finish the refurbishment and start its operation in gaming and hospitality industry in February, 2016.

Table of Contents

Since the Company and Gwin are under common control by Mr. Sing Hong Ting, the acquisition of Gwin was recorded as a transaction between entities under common control. The Company has accounted for Gwin’s operations on a retrospective basis in the Company’s consolidated financial statements since Gwin incurred start-up expenses from November 2014 which was before obtaining the formal approval for incorporation. Accordingly, the consolidated balance sheet as of March 31, 2015, the consolidated statement of operations and comprehensive income for the three and nine months ended December 31, 2014, the consolidated statement of changes in shareholders’ equity for the year ended March 31, 2015, and the consolidated statement of cash flows for the nine months ended December 31, 2014 have been retrospectively restated in this report to reflect Gwin’s accounts at their historical amounts as of those dates.

Note 2 – Significant Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its majority owned subsidiaries. All intercompany balances and transactions have been eliminated in the consolidation. Certain information and footnote disclosures normally included in financial statements prepared in conjunction with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted as permitted by the rules and regulations of the United States Securities and Exchange Commission ("SEC"), although the Company believes that the disclosures contained in this report are adequate to make the information presented not misleading. The consolidated balance sheet information as of June 30, 2016 was derived from the consolidated audited financial statements included in the Company's Annual Report on Form 10-K for the year ended March 31, 2016. These consolidated financial statements should be read in conjunction with the annual consolidated audited financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended March 31, 2016, and other reports filed with the SEC.

The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal and recurring nature which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole.

We have defined various periods that are covered in this report as follows:

- "fiscal year ~~2014~~2015"— April 1, 2014 through March 31, 2015

- "fiscal year ~~2015~~2016"— April 1, 2015 through March 31, 2016

Use of Estimates

The preparation of consolidated financial statements that conform with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company continually evaluates its estimates, including those related to bad debts, income taxes, and the valuation of equity transactions. The Company bases its estimates on historical experience and on various other assumptions that it believed to be 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. Any future changes to these estimates and assumptions could cause a material change to our reported amounts of revenues, expenses, assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.

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Fair value of Financial Instruments

The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable, accrued liability and other payables. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature.

Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market 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 other payables to related parties due to their related party nature.

Construction in progress

Direct costs that are related to the construction of property and equipment incurred in connection with bringing the assets to their intended use are capitalized as construction in progress. Construction in progress is transferred to specific property and equipment and the depreciation of these assets commences when the assets are ready for their intended use. As of December 31, 2015 and March 31, 2015, the balance of construction in progress was $5,560,492 and $2,445,424, respectively, which was primarily related to the refurbishment of a leased casino hotel building.

Foreign Currency Translation

The accompanying consolidated financial statements are presented in United States dollars ("USD"). The functional currency of Wonderful Gate located in Macau is Hong Kong Dollars ("HKD"), and the functional currency of Glorywin, and Top Point ~~and Gwin~~ is the USD. The financial statements are translated into US dollars from HK$ at ~~period~~year-end exchange rates for assets and liabilities, and weighted average exchange rates for revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.

The Hong Kong Monetary Authority ("HKMA"), Hong Kong's central bank, maintains a Linked Exchange Rate System since 1983. The HKMA operates Convertibility Undertakings on both the strong side and the weak side of the Linked Rate of US$1: HK$7.8. Thus, the consistent exchange rate used has been 7.80 HKD per each USD.

Foreign currency transactions are those that required settlement in a currency other than HKD. Gain or loss from foreign currency transactions, or exchange loss, are recognized in income in the period they occur.

Related Party Transactions

A related party is generally defined as (i) any person that holds 10% or more of the Company's securities including such person's immediate families, (ii) the Company's management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

~~Stock-Based Compensation~~Reclassifications

~~The~~Certain ~~Company~~prior ~~accounts~~period ~~for~~amounts ~~stock~~have ~~based~~been ~~compensation issued~~ reclassified to ~~employees~~conform ~~in accordance with ASC 718 "Stock Compensation". ASC 718 requires companies~~ to ~~recognize an expense in~~ the ~~statement~~current ofperiod ~~income at the grant date of stock options and other equity based compensation issued to employees~~presentation. ~~The~~These ~~Company~~reclassifications ~~accounts~~had ~~for~~no ~~non-employee~~impact ~~share-based~~on ~~awards~~net inearnings ~~accordance~~and ~~with~~financial ~~ASC 505-50 "Equity-based payments to nonemployees"~~position.

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Operating Leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease period.

Recent accounting pronouncements

In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date”. The amendments in ASU 2015-14 defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”. The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in the ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In November 2015, the FASB issued ASU 2015-17, “'Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes”. The amendments in ASU 2015-17 eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments in the ASU are effective for public business entities for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. Among other things, the amendments in ASU 2016-01 require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables), and eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in the ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

Note 3 – Accounts Receivable

Accounts receivable consists of the following:

	As of December 31, 2015		As of March 31, 2015
		As of June 30, 2016		As of March 31, 2016
Introduction of IT company	$	~~364,018~~–	$	~~92,641~~–
Introduction of sub-junkets		~~1,456,072~~–		~~370,564~~–
Total	$	~~1,820,090~~–	$	~~463,205~~–

As of ~~December~~June 3130, ~~2015~~2016 and March 31, ~~2015~~2016, there was no allowance for doubtful accounts provided.

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Note 4 – Income Taxes

Wonderful Gate, the operating entity of the Company, is located in Macau, China. Income received in Macau is taxable under Macau's Complementary Tax provisions, irrespective of the beneficiary being an individual or a corporation, its particular line of business, its nationality or domiciliation, without prejudice to the particular deductions and allowances each taxpayer enjoys. Companies are required to declare their annual profit and such profit is subject to Complementary Tax. If dividend is declared, taxable profit is based on taxable profit (after dividends have been paid). Law No.155/2015 (the ~~2016~~2015 Budget Law) ~~remains~~extends the exempted portion of income to MOP600, 000 and determines that the excess of taxable income be taxed at the relevant brackets (0% from MOP0 to MOP600, 000 and 12% on the excess). These measures implemented through the 2015 Budget Law are extraordinary and there can be no assurances that the exemption limit will increase, decrease or stay at its present level. These rates apply to the declared taxable profit (gross income less allowable deductions) from all income generating sources, except professional tax and property income, taxed separately under different regulations. The provision for income taxes for the ~~nine~~three months ended ~~December~~June 3130, ~~2015~~2016 and ~~2014~~2015 was $~~602,954~~ nil and $~~258~~199,~~347~~007, respectively.

The Company's subsidiary, Top Point, is incorporated in Samoa, and is subject to company tax at a tax rate of 27%. No provision for income taxes in Samoa has been made as the Company had no Samoa taxable income as of ~~December~~June 3130, ~~2015~~2016.

Glorywin is incorporated in the State of Nevada and is subject to the United States federal income tax at an effective tax rate of 34%.

Gwin is incorporated in the Kingdom of Cambodia and is subject to company tax at a rate ranging from 0% to 20% based on annual taxable profit. No provision for income taxes in Kingdom of Cambodia has been made as Gwin had no taxable income as of December 31, 2015.9

Income taxes are calculated on a separate entity basis. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The provisions for income taxes for the ~~nine~~three months ended June ~~December 31~~30, 2015 and 2014, respectively, are summarized as follows:

	Nine Months Ended December 31,
		Three Months Ended June 30,
	2015			2014
		2016			2015
Current taxes		$	~~602,954~~–		$	~~258~~199,~~347~~007
Deferred taxes			-–			-–
Total		$	~~602,954~~–		$	~~258~~199,~~347~~007

The table below summarizes the difference between the U.S. statutory federal tax rate and the Company's effective tax rate for the ~~nine~~ three months ended ~~December~~June 3130, 2015 and 2014:

	Nine Months Ended December 31,
	Three Months Ended June 30,
	2015			2014
	2016			2015
U.S. federal income tax rate		34%	%		34%	%
Foreign income note recognized in the U.S.		(34%	%)		(34%	%)
Macau Complementary tax		12–	%		-12%
Kingdom of Cambodia company tax		0	%		-
Kingdom of Cambodia		0%			0%
Effect of income tax difference under different tax jurisdictions		3	%		-
Effective of Income tax Difference		3%			3%
Total effective income tax rate		15%	%		-15%

Note 5 – Stockholders' Equity

Shares issued

On June 17, 2014, the Company issued 10,195,294 restricted shares to Taipan Pearl Sdn Bhd, Wenwei Wu, Boom Siong Lee and Zhen Long Ho as consideration for 1,000 shares of Top Point. The shares were booked at par value issuance cost with a decrease to additional paid-in capital of $10,195 due to treatment requirements for stock granted for an acquisition of an entity under common control. The transaction was accounted for as an acquisition of entity under common control which requires booking the transaction at historical cost.

11On November 18, 2014, the Company issued 600,000 restricted shares to Taipan Pearl Sdn Bhd, its major shareholder, 100,000 shares to Eng Wah Kung, its Chief Executive Officer, and 100,000 shares to its public relationship company as consideration for their services provided. The total fair value of the common stock was $1,600,000 based on the closing price of the Company's common stock on the date of grant and the expense was included in general and administrative expenses for the year ended March 31, 2015. The restriction period is one year from the grant date.

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On November 18, 2014, the Company issued 600,000 restricted shares to Taipan Pearl Sdn Bhd, its major shareholder, 100,000 shares to Eng Wah Kung, its Chief Executive Officer at the time, and 100,000 shares to its public relationship company as consideration for their services provided. The total fair value of the common stock was $1,600,000 based on the closing price of the Company's common stock on the date of grant and the expense was included in general and administrative expenses for the year ended March 31, 2015. The restriction period is one year from the grant date.

On July 1, 2015, the Company issued 100,000 restricted shares of the Company's common stock valued at $2.25 per share to Mr. Muhammad Shahrezza Chong as compensation for his service to the Company as Director of Public Relationships. The total fair value of the common stock was $225,000 based on the closing price of the Company's common stock on the date of grant and the expense was included in general and administrative expenses for the nine months ended December 31, 2015. The restriction period is one year from the grant date.

Debt forgiveness by related party

On June 17, 2014, Janet Somsen paid and released the Company of $16,869 of outstanding liabilities. As Ms. Somsen was a shareholder of the Company, the transaction was accounted for as contributed capital.

Note 6 – Related Party Transactions

The Company's officers, directors and ~~other~~ related parties, from time to time, provided advances to the Company for working capital purpose. These advances are short-term in nature, unsecured and payable on demand. The due to related parties amounts on ~~December~~June 3130, ~~2015~~2016 and March 31, ~~2015~~2016 were as follows:

Name of related parties	Relationship with the Company	December 31, 2015		March 31, 2015
Wenwei Wu	Chairman of the Board of Directors of the Company	$	129,166	$	347,177
Ting Sing Hong	100% beneficial owner of Taipan Pearl Sdn Bhd, which is the biggest shareholder of the Company		175,074		-
Total		$	304,240	$	347,177

None

~~The balance of $304,240 on December 31, 2015 included $7,692 that was paid by Wenwei Wu for acquisition of Wonderful Gate.~~10

The balance of $325,900 on June 30, 2015 included $7,692 that was paid by Wenwei Wu for acquisition of Wonderful Gate.

On June 17, 2014, Janet Somsen, the Glorywin's original owner, sold 4,365,000 shares to Taipan Pearl Sdn Bhd and Wenwei Wu. As part of the security purchase agreement, all the debts of the Glorywin as of the transaction date, including $11,719 of taxes payable, $1,650 of accounts payable, and $3,500 of notes payable due to BK Consulting, would be repaid by Ms. Somsen. On the same day, Glorywin issued 10,195,294 restricted shares to Wenwei Wu, Taipan Pearl Sdn Bhd, Boom Siong Lee and Zhen Long Ho for their interest in the 1,000 shares of Top Point. Simultaneously, Glorywin paid MOP60,000 (approximately $7,692) to acquire Wonderful Gate from Carmen Lum. Also see Note 1.

On ~~November~~October 1822, 2014, the Company ~~issued~~orally ~~600~~entered into a conditional sale agreement ("Conditional Sale Agreement"),~~000~~ ~~restricted~~which ~~shares~~was oflater ~~common~~put ~~stock~~into toa written form on January 19, 2015, with Taipan Pearl Sdn Bhd, ~~and~~shareholder ~~100~~of 56.00% of the Company's interest. Pursuant to the Conditional Sale Agreement, the Company shall pay a total price of $2,000,000 ~~restricted~~to ~~shares~~acquire Gwin Company Limited ("Target Company", or "Gwin"), which is solely owned by Mr Sing Hong Ting, the 100% beneficial owner of ~~common~~Taipan ~~stock~~Pearl Sdn Bhd. The sale would be completed under conditions that the Target Company becomes profitable within 12 months from the date of the Conditional Sale Agreement and that the Target Company maintains all necessary licenses to ~~Eng~~be ~~Wah~~operational. ~~Kung~~If the two conditions are not satisfied, the amount paid will be fully refunded. On February 18, 2015, the Company's ~~Chief~~signed ~~Executive~~a ~~Officer~~supplementary atagreement to the ~~time~~Conditional Sale Agreement ("Supplementary Agreement") with Taipan Pearl Sdn Bhd, aspursuant ~~consideration~~to ~~for~~which, ~~their~~another ~~services~~$2,000,000 ~~provided.~~would ~~The~~be ~~total~~paid ~~fair~~by ~~value~~the Company for acquisition of the ~~common~~Target ~~stock~~Company. ~~was~~The incremental $12,~~400~~000,000 ~~based~~would onbe used in renovating and operating of the ~~closing~~Target ~~price~~Company. As of June 30, 2015 and March 31, 2015, the Company's paid a total of $3,643,711 and $3,180,425, respectively. Since both the Conditional Sale Agreement and Supplementary Agreement are signed between entities under common ~~stock~~control, onthe transaction was recorded as a distribution to shareholder with the ~~date~~payment ofreflected ~~grant~~as a deduction on shareholder's equity (additional paid-in capital).

12On November 18, 2014, the Company issued 600,000 restricted shares of common stock to Taipan Pearl Sdn Bhd and 100,000 restricted shares of common stock to Eng Wah Kung, the Company's Chief Executive Officer, as consideration for their services provided. The total fair value of the common stock was $1,400,000 based on the closing price of the Company's common stock on the date of grant.

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On October 22, 2014 and February 18, 2015, the Company entered into a Conditional Sale Agreement and a Supplementary Agreement, respectively, with Taipan Pearl Sdn Bhd to acquire Gwin. A total of $4,000,000 was to be paid by the Company for acquisition of Gwin. On September 29, 2015, a Closing Agreement was entered into by the Company and Ting Sing Hong, followed by an Amended and Restated Agreement signed on November 11, 2015 by the Company and Ting Sing Hong. Pursuant to the Closing Agreement and Restated Agreement, the Company purchased 100% of Gwin's equity interest and all the advances paid to Gwin, totalling $5,876,392, were regarded as the final consideration of the sale, and therefore were no longer refundable. In addition, the Profitability Condition of the Conditional Sale Agreement was waived. Also see Note 1.

During the nine months ended December 31, 2015, Ting Sing Hong paid $9,000 house rent on behalf of Gwin and waived repayment from the Company. This transaction was recorded as an adjustment to the shareholders' equity (additional paid-in capital).

Note 7 – Commitments and Contingencies

On May 19, 2014, the Company entered into an agreement for the lease of an office in Macau for monthly rental of MOP10,000 (approximately $1,290). The original lease term began on May 19, 2014 and expired on April 18, 2015. On April 19, 2015, the Company renewed the agreement for another six months ~~expired on November 18, 2015~~. The monthly rental for the renewed lease is MOP11,000, or $1,410. The ~~Company~~renewed ~~did~~lease ~~not~~will ~~renew~~expire ~~the~~on ~~lease~~November ~~upon~~18, ~~expiry~~2015.

OnThe ~~January~~total 9,rent ~~2015,~~expenses ~~Gwin entered into an agreement~~ for ~~leasing~~the athree ~~casino~~months ~~hotel~~ended June ~~building~~30, in2016 ~~Kingdom~~and of2015 ~~Cambodia~~were ~~for~~$0 ~~monthly~~and ~~rental of~~ $453,~~000. The lease starts on January 9~~734, ~~2015 and expires on January 8, 2020~~respectively.

OnNote ~~June~~ 8, ~~2015,~~– ~~Gwin~~Subsequent entered into an agreement for leasing of a piece of land with staff building on it in Kingdom of Cambodia for monthly rental of $30,000, with a 90% discount for the first 12 months. The original lease began on June 8, 2015 and will expire on June 8, 2020. On June 26, 2015, the Company renewed the agreement for another 10 years expiring on June 8, 2030. The monthly rental for the renewed lease is $33,000.Events

On November 19, 2015, the Company entered into an agreement for the lease of a virtual office in Macau for monthly rental of MOP1,620 (approximately $200). The lease began on November 19, 2015 and will expire on November 18, 2016.None

~~For the nine months ended December 31, 2015 and 2014, rent expenses were $626,905 and $18,576, respectively.~~11

13Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

~~Table~~OVERVIEW ofAND ~~Contents~~OUTLOOK

~~ITEM~~The 2Company was formed in the state of Nevada on August 26, 2010 under the name "Zippy Bags, Inc." ~~MANAGEMENT’S~~to ~~DISCUSSION~~provide ~~AND~~retail ~~ANALYSIS~~sales OFof ~~FINANCIAL~~snowboard ~~CONDITION~~carrying ~~AND~~bags ~~RESULTS~~to OFthe ~~OPERATIONS~~general public.

~~Special~~After ~~Note~~the ~~Regarding~~takeover ~~Forward~~by ~~Looking~~new ~~Statements~~management on June 17, 2014, the Company, through its 100% indirectly owned subsidiary, Wonderful Gate Strategy Company Limited, became principally engaged in the service of introducing sub-junkets and information technology infrastructure to land-based casinos. For sub-junkets introduction service and IT infrastructure introduction service performed, we charge 0.2% and 0.05%, respectively, of total bets played by players introduced by sub-junkets from the casinos located in Cambodia.

InOn ~~addition~~October to30, ~~historical information~~2014, ~~this report contains forward-looking statements within~~ the ~~meaning~~Company offiled ~~Section~~a ~~27A~~ certificate of ~~the~~amendment ~~Securities Act of 1933, as amended, and Section 21E of~~ (the ~~Securities~~"Amendment") Exchange Act of 1934, as amended. We use words such as “believe,” “expect,” “anticipate,” “project,” “target,” “plan,” “optimistic,” “intend,” “aim,” “will” or similar expressions which are intended to ~~identify~~its ~~forward-looking~~Certificate ~~statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance~~ of ~~new~~Incorporation ~~and~~with ~~existing~~the ~~products;~~Secretary ~~any projections~~ of ~~sales,~~State ~~earnings, revenue, margins or other financial items; any statements~~ of the ~~plans,~~State ~~strategies and objectives~~ of ~~management~~Nevada ~~for~~in ~~future~~order to ~~operations;~~change ~~any~~its ~~statements~~name ~~regarding~~to ~~future~~"Glorywin ~~economic~~Entertainment ~~conditions or performance; as well as all assumptions~~Group, ~~expectations, predictions, intentions or beliefs about future events~~Inc." ~~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~~order 1Ato ~~“Risk~~better ~~Factors”~~reflect ~~included in our Annual Report on Form 10-K for~~ the ~~year~~direction ~~ended~~and ~~March~~business ~~31, 2015 as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results~~ of the Company. The toCompany ~~differ~~has ~~materially~~adopted ~~from~~a ~~those~~fiscal ~~expressed~~year orend ~~implied~~of byMarch ~~such forward-looking statements~~31.

~~Readers~~We ~~are~~have ~~urged~~established toa ~~carefully~~website ~~review and consider the various disclosures made by us in this report and our other filings with the SEC~~(www. ~~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~~glorywinentertainment.com) which ~~The~~set ~~forward-looking~~forth ~~statements~~general ~~made~~information infor ~~this report speak only as of~~ the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future eventsCompany.

~~Use~~Based ofon ~~Terms~~our current operating plan, we expect that we will be able to generate revenue that is sufficient to cover our expenses for the next twelve months. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital.

~~Except~~Recent ~~where the context otherwise requires and for the purposes of this report only:~~Developments

·The ~~“Glorywin”, “~~Company,” ~~“we,”~~is ~~“us,”~~in orthe ~~“our”~~process ~~are~~of developing mobile applications to ~~the~~provide ~~combined~~gaming ~~business~~to ofcustomers ~~Glorywin~~where ~~Entertainment~~such ~~Group~~activity ~~Inc~~is legal., The software is provided by a ~~Nevada~~third ~~corporation,~~party ~~and~~vendor ~~its~~who ~~consolidated~~is providing the ~~subsidiaries:~~on-line ~~Wonderful~~casino ~~Gate~~platform ~~Strategy~~in selected markets. Development of the mobile application of gaming requires the Company ~~Limited~~to customize the appearance and branding of the third party software, ~~Top~~and ~~Point~~establish ~~Limited~~merchant services to accept payments and ~~GWIN~~facilitate Codistribution ~~Ltd;~~of winnings.

·Player ~~“Wonderful~~acquisition ~~Gate”~~is a key factor for organic growth in the online gaming industry. Players are primarily acquired from affiliates for a fixed fee or percentage of earnings based on negotiated predetermined criteria. Affiliates are websites or individuals that attract players through various means such as player news/interest websites, email campaigns or other relationships. The key is that payment to ~~Wonderful~~affiliates ~~Gate~~takes ~~Strategy~~place ~~Company~~only ~~Limited~~when negotiated criteria are met. The criteria may be player minimum deposit, alevel ~~company~~of ~~incorporated~~play, inor ~~Macau;~~revenue earned. The critical element is that unlike most marketing campaigns, the revenues returned by marketing are generally predictable.

·The ~~“Top~~key ~~Point”~~elements isof player retention are the creation of exciting opportunities to ~~Top~~maintain ~~Point~~player ~~Limited~~interest and increase play frequency. Similar to land-based casino's compensation programs, athe ~~company~~tools ~~incorporated~~used infor ~~Samoa;~~this purpose include prizes, "free money," opportunities to play against famous (or infamous) players, and tournament qualifications.

·On ~~“Gwin”~~January is19, 2015, the Company entered into a conditional agreement with the Company's major shareholder, Taipan Pearl Sdn Bhd to ~~Gwin~~acquire Co100% ~~Lrd~~interest in GWIN Company Limited ("GWIN"), operating Chetaeu De Bavet Club Co ("Chetaeu") a ~~company~~land ~~incorporated~~based casino in Kingdom of Cambodia;. Under the terms of the conditional purchase agreement, the Company is entitle to 100% interest of the company. In consideration for the purchase, GWIN made a Refundable Deposit of USD2,000,000 ("Deposit") and will take full operation of the land-based casino for a total of 12 months. Upon the operations achieving at least positive revenue within that 12 months period, the transaction is considered completed with Deposit being the Consideration Purchase Price.

·On ~~“Cambodia”~~February 18, 2015, the Company entered into a binding sub agreement worth $2 million with GWIN. Pursuant to the binding sub agreement, the Company would finance the construction amount and working capital for operations of GWIN. GWIN has extensive experience in promoting gaming business in Asia, as well as implementing fraud and risk control, payment processing and compliance with particular respect to gaming. It is envisaged that the parties will work together in a joint venture to raise capital and contribute expertise with the ~~Kingdom~~intention of ~~Cambodia;~~generating revenues, profits and returning value to shareholders.

~~· “SEC” is to the Securities and Exchange Commission;~~12

·The ~~“Exchange~~Company ~~Act”~~ is tocurrently ~~the~~finalizing ~~Securities~~due ~~Exchange~~diligence on ~~Act~~this oftransaction ~~1934,~~and incorporated as ~~amended;~~part of the due diligence will be an assurance that GWIN does not facilitate gaming in any jurisdictions when such activities are illegal and are fully compliant with all laws pertaining to their current operation.

·Results ~~“Securities~~of ~~Act”~~Operations isfor to the ~~Securities~~Three ~~Act~~Months ofEnded ~~1933~~June 30, as2015 ~~amended;~~ and 2014

~~· “U.S. dollars,” “dollars” and “$” are to the legal currency of the United States.~~Sales

~~Overview~~Revenue of ~~our~~$ ~~Business~~0 and $1,754,827 was recognized during the three months ended June 30, 2016 and 2015. The decrease of $1,754,827 was due to the cessation of operations

~~The~~General ~~Company~~and ~~was~~administrative ~~formed in the state of Nevada on August 26, 2010 under the name "Zippy Bags, Inc." to provide retail sales of snowboard carrying bags to the general public.~~expenses

~~After~~General ~~the~~and ~~takeover~~administrative byexpenses ~~new~~were ~~management on June 17~~$24,445 ~~2014,~~for the ~~Company,~~three ~~through~~months ended ~~its~~June ~~100%~~30, ~~indirectly~~2016 ~~owned~~compared ~~subsidiary,~~to ~~Wonderful~~$ ~~Gate~~56, ~~became~~217 ~~principally~~for ~~engaged in~~ the ~~service~~three ofmonths ~~introducing~~ended ~~sub-junkets~~June ~~and information technology infrastructure to land-based casinos. For sub-junkets introduction service and IT infrastructure introduction service performed~~30, ~~we charge 0~~2015.~~2% and 0.05%, respectively, of total bets played by players introduced by sub-junkets to the casinos located in Cambodia.~~

OnNet ~~October~~Profit ~~30,~~/ 2014, the Company filed a certificate of amendment (the "Amendment") to its Certificate of Incorporation with the Secretary of State of the State of Nevada in order to change its name to "Glorywin Entertainment Group, Inc." in order to better reflect the direction and business of the Company. The Company has adopted a fiscal year end of March 31.Loss

14For the reasons above, net profit for the three months ended June 30, 2016 was $(24,445) as compared to $1,452,222, an decrease of $1,476,667.

~~Table~~LIQUIDITY ofAND ~~Contents~~CAPITAL RESOURCES

We ~~have~~believe ~~established~~that aour ~~website~~existing ~~(www.glorywinentertainment.com)~~sources ~~which~~of ~~sets~~liquidity ~~forth~~will ~~general~~be ~~information~~sufficient to fund our operations, anticipated capital expenditures, working capital and other financing requirements for at least the ~~Company~~next twelve months.

~~Based~~The onfollowing ~~our~~table ~~current~~summarizes ~~operating~~total ~~plan~~assets, weaccumulated ~~expect~~deficit, ~~that~~stockholder's equity weand ~~will~~working becapital ~~able~~at toJune ~~generate~~30, ~~revenue that is sufficient to cover our expenses for the next twelve months~~2016. ~~Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital.~~

Recent Development

	June 30, 2016			June 30, 2015
Total Assets	$	252		$	1,644,412

Accumulated Profit (Loss)	$	(1,988,258	)	$	2,652,074

Stockholders' Equity	$	(57,643	)	$	719,195

Net Working Capital	$	(57,643	)	$	719,195

InNet ~~January~~cash ~~2016,~~provided weby ~~have~~operating ~~started~~activities ~~preparing~~totaled ~~ourselves~~$(188) toduring ~~achieve all requirements in order to up-list to NASDAQ. We are confident to achieve all up-listing requirements in~~ the three ~~next 6~~ months ~~then~~ended weJune ~~will~~30, ~~submit our application for up-listing~~2016.

~~After~~Satisfaction ~~the~~of ~~Company~~Our ~~launched~~Cash ~~mobile~~Obligations ~~application~~ for ~~Android operating system phone users on August 1, 2015,~~ the ~~Company~~Next ~~started~~Twelve the process to develop the mobile applications for IOS operating system phone users. Mobile applications are intended to provide online gaming to customers where such activity is legal. The software is provided by a third party vendor who is providing the on-line casino platform in selected markets. Development of the gaming mobile applications requires the Company to customize the appearance and branding of the third party software, and establish merchant services to accept payments and facilitate distribution of winnings profits.Months

~~Player~~Our ~~acquisition~~plan ~~is a key factor~~ for ~~organic~~satisfying ~~growth~~our incash ~~the~~requirements ~~online gaming industry. Players are primarily acquired from affiliates~~ for athe ~~fixed~~next ~~fee~~twelve ormonths is ~~percentage of earnings based on negotiated predetermined criteria. Affiliates are websites or individuals that attract players~~ through ~~various~~generating ~~means~~revenue ~~such~~from asintroduction player news/interest websites, email campaigns or other relationships. The key is that payment to affiliates takes place only when negotiated criteria are met. The criteria may be player minimum deposit, level of ~~play,~~junket oroperations ~~revenue~~and ~~earned.~~technical ~~The critical element is that unlike most marketing campaigns, the revenues returned by marketing are generally predictable~~service.

The key elements of player retention are the creation of exciting opportunities to maintain player interest and increase play frequency. Similar to land-based casino's compensation programs, the tools used for this purpose include prizes, "free money," opportunities to play against famous (or infamous) players, and tournament qualifications.Inflation

~~Third~~The ~~Quarter~~rate ~~Financial~~of ~~Performance~~inflation ~~Highlights~~has had little impact on the Company's results of operations and is not expected to have a significant impact on the continuing operations.

~~The~~Off-Balance ~~following~~Sheet ~~summarizes certain key financial information for the third quarter of 2015:~~Arrangements

·We ~~Sales~~do ~~revenue:~~not ~~Sales~~have ~~revenue~~any ~~increased~~off-balance bysheet ~~$587,908,~~arrangements that have or ~~43%,~~are reasonably likely to ~~$1,948,295~~have ~~for~~a ~~the~~current ~~three~~or ~~months~~future ~~ended~~effect ~~December~~on 31our financial condition, ~~2015~~changes in financial condition, ~~from~~revenues $1or expenses,~~360~~ results of operations,~~387~~ ~~for~~liquidity, ~~the~~capital ~~same~~expenditures ~~period~~or incapital ~~2014~~resources that is material to investors.

· Gross profit: Gross profit increased by $587,908, or 43%, to $1,948,295 for the three months ended December 31, 2015, from $1,360,387 for the same period in 2014. As a percentage of sales revenue, gross profit remained 100% of the sales for the three months ended December 31, 2015 and for the same period in 2014.13

·Critical ~~Net~~Accounting ~~income: Net income increased by $1,648,121, or 441%, to $1,274,590 for the three months ended December 31, 2015, from losses of $373,531 for the same period in 2014.~~Policies

·We ~~Fully~~have ~~diluted~~identified ~~net~~the ~~income~~policies ~~per~~outlined ~~share:~~below ~~Fully~~as ~~diluted~~critical ~~net~~to ~~income~~our ~~per~~business operations ~~share~~and ~~was~~an $0understanding of our results of operations.06 ~~for~~The ~~the~~list ~~three~~is ~~months~~not ~~ended~~intended ~~December~~to 31be a comprehensive list of all of our accounting policies. In many cases, ~~2015~~the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, aswith ~~compared~~no need for management's judgment in their application. The impact and any associated risks related to ~~losses~~these policies on our business operations is discussed throughout management's Discussion and Analysis or Plan of $0Operation where such policies affect our reported and expected financial results.19 ~~for~~Note that our preparation of the ~~same~~financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. inThere ~~2014~~can be no assurance that actual results will not differ from those estimates.

15Revenue Recognition

~~Table~~Revenues offrom ~~Contents~~service contracts are recognized as services are performed if collectability is reasonably assured.

~~Results~~The Company is engaged in service of ~~Operations~~introducing of sub-junkets and information technology (IT) company to land-based casinos and receiving an agreed percentage of total bets as revenue. For sub-junkets introduction service and IT infrastructure introduction service performed, the Company charges 0.2% and 0.05%, respectively, of total bets played by players introduced by sub-junkets from the casinos located in Cambodia.

~~Comparison~~Recently ofIssued ~~Three~~Accounting ~~Months Ended December 31, 2015 and 2014~~Pronouncements

~~Sales~~For ~~revenue.~~information ~~Our~~about ~~sales~~new ~~revenue~~accounting ispronouncements ~~primarily~~and ~~generated from introducing players to casinos throughout~~ the ~~Asian~~potential impact ~~region.~~on ~~Sales~~our ~~revenue~~Consolidated ~~increased~~Financial ~~by $587~~Statements,~~908,~~ orsee ~~43%,~~Note to3 ~~$1,948,295~~of ~~for~~ the ~~three~~Notes ~~months~~to ~~ended~~Consolidated ~~December~~Financial ~~31,~~Statements ~~2015, from $1,360,387 for the same period~~ in ~~2014.~~our ~~The~~Form ~~increase was because the sub~~10-~~junkets~~K ~~have been continuously marketing~~ for ~~new players and clients to play at our platforms. Furthermore, on August 1, 2015,~~ the year Company launched a mobile app for Android's phone users. Users can now choose to bet via computers or Android phones. The flexibility of mobile app has increased the total bets and led to revenue increase in the three months ended ~~December~~March 31, ~~2015~~2016.

~~Cost~~Item ~~of sales~~3. WeQuantitative ~~have~~and noQualitative ~~cost~~Disclosure ofAbout ~~sales~~Market ~~in view of the nature of our business as earning commission from land based casinos~~Risk. ~~Hence our cost of sales is Nil for both three months ended December 31, 2015 and 2014.~~

~~Gross~~This ~~profit.~~item ~~Our gross profit~~ is ~~equal~~not toapplicable ~~the~~as ~~difference between our sales revenue and our cost of sales. Due to the nature of our business merely earning commission from land based casinos,~~ we ~~have~~are nocurrently ~~cost~~considered ofa ~~sales~~smaller reporting ~~and gross profit remained 100% of sales~~company. Gross profit increased by $587,908, or 43%, to $1,948,295 for the three months ended December 31, 2015, from $1,360,387 for the same period in 2014. The increase in our gross profit margin was mainly attributable to increase in sales revenue.

~~Selling,~~Item ~~General and Administrative expenses~~4. ~~Our~~Controls ~~administrative expenses consist of the costs associated with staff~~ and ~~support personnel who manage our business activities~~Procedures. Our administrative expenses decreased by $897,514, or 69%, to $407,093 for the three months ended December 31, 2015, from $1,304,607 for the same period in 2014. As a percentage of sales revenue, administrative expenses decreased to 21% for the three months ended December 31, 2015, as compared to 96% for the same period in 2014. High administrative expenses in for the same period in 2014 was primarily because there were shares issued for services valued at fair market value in addition to salaries and rental expenses. There were no shares issued for the same period in 2015 which led to decrease in administrative expenses.

~~Income~~We ~~before~~maintain ~~income~~disclosure ~~taxes.~~controls ~~Income~~and ~~before~~procedures ~~income~~that ~~taxes~~are ~~increased~~designed byto ensure ~~$1,709,259,~~that orinformation ~~753%,~~required to ~~$1,482,348~~be ~~for~~disclosed ~~the~~by ~~three~~us ~~months~~in ~~ended~~reports ~~December~~that ~~31,~~we ~~2015,~~file ~~from~~or ~~losses~~submit under the Securities Exchange Act of ~~$226~~1934,~~911~~ ~~for~~as amended (the ~~same~~"Exchange ~~period~~Act"), inis ~~2014.~~recorded, ~~Such~~processed, ~~increase~~summarized ~~was~~and ~~mainly~~reported ~~attributable~~within to the ~~decrease~~time ofperiods ~~our~~specified ~~administrative~~in ~~expenses~~the Securities and ~~increase~~Exchange ofCommission ~~our~~(“SEC”) ~~gross~~rules ~~profit.~~and ~~Without~~forms, ~~the~~and ~~decrease~~that insuch ~~administrative~~information ~~expenses~~is inaccumulated ~~2015,~~and ~~the~~communicated ~~income~~to ~~before~~our ~~taxes~~management, including isour ~~increased~~Chief ~~for~~Executive ~~the~~Officer ~~three~~("CEO") ~~months~~and ~~ended~~Chief ~~December~~Financial 31Officer ("CFO"), ~~2015~~as appropriate, to allow timely decisions regarding required disclosure.

~~Income~~Limitations ~~taxes. Our~~on ~~income taxes increased to $207,758 for~~ the ~~three~~Effectiveness ~~months ended December 31, 2015, from $146,620 for the same period in 2014, as a result~~ of ~~the~~Disclosure ~~increased taxable income.~~Controls

~~Net~~In ~~income. As~~designing aand ~~result~~evaluating of the ~~cumulative~~Company's ~~effect~~disclosure ofcontrols ~~the~~and ~~foregoing factors~~procedures, management ~~our~~recognized ~~net~~that ~~income~~disclosure ~~increased~~controls byand $1procedures,~~648,121,~~ orno ~~441%~~matter how well conceived and operated, tocan $1provide only reasonable,~~274~~ not absolute,~~590~~ ~~for~~assurance that the ~~three~~objectives ~~months~~of ~~ended~~the ~~December~~disclosure ~~31,~~controls ~~2015~~and procedures are met. Additionally, ~~from~~in ~~losses~~designing ofdisclosure ~~$373~~controls and procedures,~~531~~ ~~for~~Company ~~the~~management ~~same~~necessarily ~~period~~was required to apply its judgment in ~~2014.~~evaluating Asthe acost-benefit ~~percentage~~relationship of ~~sales~~possible disclosure ~~revenue,~~controls ~~our~~and ~~net~~procedures. ~~income~~The ~~was~~design ~~65%~~of any disclosure controls and ~~(-27)%~~procedures ~~for~~also ~~the~~is ~~three~~based ~~months~~in ~~ended~~part ~~December~~upon ~~31,~~certain ~~2015~~assumptions about ~~and~~the ~~2014~~likelihood of future events, ~~respectively.~~and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions

~~Comparison of Nine Months Ended December 31, 2015 and December 31, 2014~~14

~~Sales~~Evaluation revenue. Sales revenue increased by $2,934,219, or 116%, to $5,464,068 for the nine months ended December 31, 2015, from $2,529,849 for the same period in 2014. The increase was because our business was only commenced since June 2014, hence only 6 months revenue was reported as at December 31, 2014 compared to full nine months revenue as of ~~December~~Disclosure ~~31,~~Controls ~~2015. Besides, the sub-junkets have been continuously marketing for new players~~ and clients to play at our platforms. Furthermore, on August 1, 2015, the Company has launched a mobile app for Android's phone users. Users can now choose to bet via computers or Android phones. The flexibility of mobile app has increased the total bets and led to revenue increase in the nine months ended December 31, 2015.Procedures

16Our CEO and CFO, have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based on the evaluation, they concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relating to us that is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports we file or submit under the Act is accumulated and communicated to our management, including our chief financial officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure, for the following reasons:

~~Table~~● The Company does not have an independent board of ~~Contents~~directors or audit committee; ● We do not have an independent body to oversee our internal controls over financial reporting.

~~Cost of sales.~~ We ~~have~~plan noto ~~cost~~rectify ofthese ~~sales~~weaknesses inby ~~view~~implementing ~~of the~~an ~~nature~~independent board of ~~our business as earning commission from land based casinos~~directors. ~~Hence our cost of sales is Nil for both nine months ended December 31, 2015 and 2014.~~

~~Gross~~Changes ~~profit. Our gross profit is equal to our sales revenue. It increased by $2,934,219, or 116%, to $5,464,068 for the nine months ended December 31, 2015, from $2,529,849 for the same period~~ in ~~2014.~~Internal ~~The~~Control ~~increase~~Over inFinancial ~~our gross profit was mainly attributable to increase in sales revenue. The gross profit margin for the nine months ended December 31, 2015 remained 100% which is the same for the same period in 2014.~~Reporting

~~Selling, General and Administrative expenses~~None. Our administrative expenses decreased by $178,511, or 12%, to $1,315,330 for the nine months ended December 31, 2015, from $1,493,841 for the same period in 2014. As a percentage of sales revenue, administrative expenses decreased to 24% for the nine months ended December 31, 2015, as compared to 59% for the same period in 2014. High administrative expenses in 2014 were primarily because there were shares issued for services valued at fair market value in addition to salaries and rental expenses. There were no such shares issued in 2015, which led to decrease in administrative expenses.

Income before income taxes. Income before income taxes increased by $3,292,422, or 468%, to $3,996,570 for the nine months ended December 31, 2015, from $704,148 for the same period in 2014. Such increase was mainly attributable to the increase in sales revenue whilst decrease in administrative expenses.15

~~Income~~PART ~~taxes. Our~~II ~~income~~- ~~taxes~~OTHER ~~increased to $602,954 for the nine months ended December 31, 2015, from $258,347 for the same period in 2014, as a result of the increased taxable income.~~INFORMATION

~~Net~~Item ~~income~~1. As aLegal result of the cumulative effect of the foregoing factors, our net income increased by $2,947,815, or 661%, to $3,393,616 for the nine months ended December 31, 2015, from $445,801 for the same period in 2014Proceedings. ~~As a percentage of sales revenue, our net income was 62% and 18% for the nine months ended December 31, 2015 and 2014, respectively.~~

~~Liquidity~~We ~~and~~know ~~Capital~~of ~~Resources~~no material pending legal proceedings to which our company or subsidiary is a party or of which any of their property is the subject. In addition, we do not know of any such proceedings contemplated by any governmental authorities.

AsWe know of ~~December~~no ~~31,~~material ~~2015,~~proceedings wein ~~had~~which ~~cash~~any ~~and~~director, ~~cash~~officer ~~equivalents~~or affiliate of ~~$13~~our company,~~015,~~ ~~primarily~~or ~~consisting~~any ofregistered ~~cash~~or onbeneficial ~~hand~~stockholder ~~and~~of ~~demand~~our ~~deposits.~~company, Weor ~~believe~~any ~~that~~associate ~~our~~of ~~existing~~any ~~sources~~such ofdirector, ~~liquidity~~officer, affiliate, ~~will~~or bestockholder ~~sufficient~~is toa ~~fund~~party ~~our~~adverse ~~operations,~~to ~~anticipated~~our ~~capital~~company ~~expenditures,~~or ~~working~~subsidiary ~~capital~~or ~~and~~has ~~other~~a ~~financing~~material ~~requirements~~interest ~~for~~adverse atto ~~least~~our ~~the~~company ~~next~~or ~~twelve months~~subsidiary.

~~The~~Item ~~following~~1A. ~~table~~Risk ~~summarizes total assets, accumulated profit, stockholder's equity and working capital as of December 31, 2015 and 2014~~Factors.

	December 31, 2015		March 31, 2015
Total Assets	$	7,752,002	$	681,473
Accumulated Profit	$	4,342,324	$	948,708
Stockholders' Equity	$	6,283,400	$	2,655,784
Net Working Capital (Deficit)	$	368,772	$	(84,640	)

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

~~Operating~~Item ~~Activities~~2. Unregistered Sales of Equity Securities and Use of Proceeds.

~~Net cash provided by operating activities was $3,037,418 for the nine months ended December 31, 2015, compared with $875,188 for the same period in 2014~~None. ~~The increase in net cash provided by operating activities was mainly because net income has increased.~~

~~Investing~~Item ~~Activities~~3. Defaults Upon Senior Securities.

~~Net cash used in investing activities was $3,147,218 for the nine months ended December 31, 2015, compared with $903,479 in the same period in 2014~~None. ~~The net cash used in investing activities during the nine months ended December 31, 2015 was primarily used for refurbish cost for the casino building leased under Gwin.~~

17Item 4. Mine Safety Disclosures.

~~Table of Contents~~None.

~~Financing~~Item ~~Activities~~5. Other Information.

~~Net~~Appointment ~~cash used in financing activities was $91,159 for the nine months ended December 31, 2015, compared with net cash provided by financing activities~~ of ~~$197,635 for the same period in 2014. The decrease in net cash provided by financing activities resulted from the Company has repaid the advances to related parties.~~Officer

~~Inflation~~On August 11, 2015, Carmen Lum resigned as the Company's Chief Financial Officer and the Board of Directors appointed Mr. Gim Hooi Ooi as the Company's Chief Financial Officer, who will serves as the principal financial officer of the Company.

~~Inflation~~There ~~and~~is ~~changing~~no ~~prices~~family ~~have~~relationship ~~not~~between ~~had~~Mr. aOoi ~~material~~and ~~effect~~any onof our ~~business,~~other officers and wedirectors. doThere ~~not~~are ~~expect~~no ~~that~~understandings ~~inflation~~ or ~~changing~~arrangements ~~prices~~between ~~will~~Mr. ~~materially~~Ooi ~~affect~~and ~~our~~any ~~business~~other inperson ~~the~~pursuant ~~foreseeable~~to ~~future~~which Mr. ~~However,~~Ooi ~~our~~was ~~management~~appointed ~~will closely monitor price changes in~~ the ~~Cambodian~~Deputy ~~economy~~Chief ~~and~~Financial ~~our industry and continually maintain effective cost controls in operations~~Officer.

~~Off~~Gim ~~Balance~~Hooi ~~Sheet~~Ooi ~~Arrangements~~, Age 34, has a background in banking and financial services. He has been serving as a Senior Relationship Manager of Alliance Bank Malaysia Berhad since 2013. From 2012 to 2013, he served as an Account Relationship Manager at Hong Leong Bank Berhad. From 2009 to 2012, he served as a Team Leader at UOB (M) Berhad.

WeItem do6. not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, sales or expenses, results of operations, liquidity or capital expenditures, or capital resources that are material to an investment in our securitiesExhibits.

Critical Accounting Policies

Exhibit		Exhibit Description
31.1		Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act
31.2		Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act
32.1		Certification by the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act
32.2		Certification by the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act

Critical accounting policies are those we believe are most important to portraying our financial conditions and results of operations and also require the greatest amount of subjective or complex judgments by management. Judgments and uncertainties regarding the application of these policies may result in materially different amounts being reported under various conditions or using different assumptions. See Note 2 to our unaudited consolidated financial statements included elsewhere in this report.16

~~Revenue Recognition~~SIGNATURES

~~Revenues~~Pursuant ~~from~~to ~~service~~the ~~contracts~~requirements ~~are~~of ~~recognized~~the asSecurities ~~services~~Exchange ~~are~~Act ~~performed~~of if1934, the ~~collectability~~registrant ishas ~~reasonably~~duly ~~assured~~caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

The Company is engaged in service of introducing of sub-junkets and information technology (IT) company to land-based casinos and receiving an agreed percentage of total bets as revenue. For sub-junkets introduction service and IT infrastructure introduction service performed, the Company charges 0.2% and 0.05%, respectively, of total bets played by players introduced by sub-junkets to the casinos located in Cambodia.

	GLORYWIN ENTERTAINMENT GROUP INC.

Date: June 14, 2022	By:	/s/Sorphea Rath
		Sorphea Rath
		Chief Executive Officer

Recently Issued Accounting Pronouncements

Date: June 14, 2022

By:

/s/Solin Hoem

Solin Hoem

Chief Financial Officer

In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”. The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

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In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. Among other things, the amendments in ASU 2016-01 require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables), and eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the Securities Exchange Commission (“SEC”) rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), as appropriate, to allow timely decisions regarding required disclosure.

Limitations on the Effectiveness of Disclosure Controls

In designing and evaluating the Company's disclosure controls and procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, Company management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon 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.

Evaluation of Disclosure Controls and Procedures

Our CEO and CFO have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based on the evaluation, they concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relating to us that is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports we file or submit under the Act is accumulated and communicated to our management, including our chief financial officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure, for the following reasons:

● The Company does not have an independent board of directors or audit committee; ● We do not have an independent body to oversee our internal controls over financial reporting.

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We plan to rectify these weaknesses by implementing an independent board of directors.

Changes in Internal Control over Financial Reporting

We regularly review our system of internal control over financial reporting and make changes to our processes and systems to improve controls and increase efficiency, while ensuring that we maintain an effective internal control environment. Changes may include such activities as implementing new, more efficient systems, consolidating activities, and migrating processes.

There were no changes in our internal controls over financial reporting during the third quarter of 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

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

ITEM 1A. RISK FACTORS.

Not applicable.

ITEM 2. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 3. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 4. OTHER INFORMATION.

We have no information to disclose that was required to be in a report on Form 8-K during the third quarter of 2015, but was not reported. There have been no material changes to the procedures by which security holders may recommend nominees to our board of directors.

ITEM 5. EXHIBITS.

The list of exhibits in the Exhibit Index to this report is incorporated herein by reference.

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SIGNATURES

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

Date: February 5, 2016	GLORYWIN ENTERTAINMENT GROUP INC.
	By:	/s/ Meng Hoa Duong
		Meng Hoa Duong, Chief Executive Officer
		(Principal Executive Officer)

By: /s/ Gim Hooi Ooi Gim Hooi Ooi, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

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EXHIBIT INDEX

Exhibit No.		Description
31.1		Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certifications of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certifications of Principal Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certifications of Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101		Interactive data files pursuant to Rule 405 of Regulation S-T (furnished herewith).

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