UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-−Q

(Mark One)

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

For the quarterly period ended: ~~September 30~~December 31, 2016

☐	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 charter~~Its 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~~ Commercial de Macau, Macau

(Address of principal executive offices, Zip Code)

+853 8294-2333

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

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

Title of each class	Trading Symbol	Name of each exchange on which registered

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by 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 ☒ No ☐

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-T during the preceding 12 months (or for such shorter period that the registrant was 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 ☒

~~APPLICABLE~~The ~~ONLY~~number TOof ~~CORPORATE~~shares ~~ISSUERS~~outstanding of each of the issuer’s classes of common stock, as of June 5, 2022 is as follows:

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of the latest practicable date: 356,194,747 shares of $0.001 par value common stock outstanding as of June 6, 2022.

Class of Securities		Shares Outstanding
Common Stock, $0.001 par value		356,194,747

GLORYWIN ENTERTAINMENT GROUP INC.

~~FORM~~Quarterly Report on Form 10-Q Period Ended December 31, 2016

Quarterly Period Ended September 30, 2015

TABLE OF CONTENTS

		Page
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS		3
PART I. FINANCIAL INFORMATION		4
Item 1.	Financial Statements	4
	Consolidated Balance Sheets as of September 30, 2016 (Unaudited) and March 31, 2016	4
	Consolidated Statements of Operations and Comprehensive Income (Unaudited) for Three and Six Months Ended September 30, 2016 and 2015	5
	Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the Year Ended March 31, 2016 and Six Months Ended September 30, 2016	6
	Consolidated Statements of Cash Flows (Unaudited) for Six Months Ended September 30, 2016 and 2015	7
	Notes to Unaudited Consolidated Financial Statements	8
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17
PART II. OTHER INFORMATION		18
Item 1.	Legal Proceedings	18
Item 1A.	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	19
SIGNATURES		20

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	16
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	19
ITEM 4. CONTROLS AND PROCEDURES	20
PART II	21
OTHER INFORMATION	21
ITEM 1. LEGAL PROCEEDINGS	21
ITEM 1A. RISK FACTORS	21
ITEM 2. DEFAULTS UPON SENIOR SECURITIES	21
ITEM 3. MINE SAFETY DISCLOSURES	21
ITEM 4. OTHER INFORMATION	21
ITEM 5. EXHIBITS	21

~~Unless~~PART ~~otherwise 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.~~I

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

~~This~~ITEM ~~document contains "forward-looking statements"~~1. ~~All statements~~ ~~other~~FINANCIAL 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 foregoingSTATEMENTS.

~~Forward-looking~~GLORYWIN ~~statements~~ENTERTAINMENT ~~may include the words "may~~GROUP, ~~"could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words~~INC. ~~These~~AND ~~forward-looking~~SUBSIDIARIES ~~statements~~CONSOLIDATED ~~present~~BALANCE ~~our~~SHEETS ~~estimates~~As ~~and assumptions only as~~ of ~~the date~~December ~~of this report. Accordingly~~31, ~~readers~~2016 ~~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 ~~undertake~~March ~~no obligation~~31, 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.2016

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.

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

Non - current assets
Construction in process		–			–
Deposits for long-term operating leases		–			–
Total non-current assets		–			–
Total assets	$	252		$	252

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable		–			–
Accrued liabilities and other payables		92,154			33,263
Taxes payable		–			–
Other payables - related parties		–			–
Total current liabilities		92,154			33,263
Total liabilities		92,154			33,263

Shareholders' equity
Common stock, $0.001 par value, 490,000,000 shares authorized, 102,100,338 and 50,900,338 shares issued and outstanding as of December 31, 2016 and March 31, 2016, respectively		102,100			50,900
Additional paid-in capital		1,839,796			1,890,996
Accumulated other comprehensive loss		(11,282	)		(11,094	)
Retained earnings		(2,022,517	)		(1,963,813	)
Total shareholders' equity		(91,903	)		(33,011	)
Total liabilities and shareholders' equity	$	252		$	252

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

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.

~~PART~~GLORYWIN IENTERTAINMENT -GROUP, ~~FINANCIAL~~INC. ~~INFORMATION~~AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME For the Three and Nine Months Ended December 31, 2016 and 2016

Item 1. Financial Statements.

	For the Three Months Ended December 31,						For the Nine Months Ended December 31,
	2016			2015			2016			2015

Revenues	$	–		$	1,948,295		$	–		$	5,464,068
Gross profit		–			1,948,295			–			5,464,068
Operating expenses:
General and administrative expenses		41,513			407,093			58,704			1,315,330
Professional fees		–			58,854			–			152,168
Total operating expenses		41,513			465,947			58,704			1,467,498
Income before provision for income taxes		–			1,482,348			–			3,996,570
Provision for income taxes		–			(207,758	)		–			(602,954	)
Net income (loss)	$	(41,513	)	$	1,274,590		$	(58,704	)	$	3,393,616

Comprehensive income
Net income (loss)	$	(41,513	)	$	1,274,590		$	(58,704	)	$	3,393,616
Total comprehensive income (loss)	$	(41,513	)	$	1,274,590		$	(58,704	)	$	3,393,616

Net income (loss) per share
Basic	$	0.00		$	0.06		$	0.00		$	0.16
Diluted	$	0.00		$	0.06		$	0.00		$	0.16
Weighted average common shares outstanding
Basic		102,100,338			20,900,338			68,773,793			20,866,883
Diluted		102,100,338			20,900,338			68,773,793			20,866,883

~~GLORYWIN~~See ~~ENTERTAINMENT~~notes ~~GROUP,~~to ~~INC.~~unaudited ~~AND~~consolidated ~~SUBSIDIARIES~~financial ~~CONSOLIDATED BALANCE SHEETS As of September 30, 2016 and March 31, 2016~~statements

	September 30,			March 31,
	2016			2016
	(Unaudited)			(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	252		$	252
Accounts receivable		–			–
Other current assets		–			–
Total current assets		252			252
Non - current assets
Property, plant and equipment, net		–			–
Construction in process		–			–
Deposits for long-term operating leases		–			–
Total non-current assets		–			–
Total assets	$	252		$	252
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accrued liabilities and other payables	$	75,086		$	33,263
Taxes payable		–			–
Other payables - related parties		–			–
Total current liabilities		75,086			33,263
Total liabilities		75,086			33,263
Shareholders' equity
Common stock, $0.001 par value, 490,000,000 shares authorized, 102,100,338 and 50,900,338 shares issued and outstanding as of September 30, 2016 and March 31, 2016, respectively		102,100			50,900
Additional paid-in capital		1,839,796			1,890,996
Accumulated other comprehensive loss		(11,282	)		(11,094	)
Retained earnings		(2,005,448	)		(1,963,813	)
Total shareholders' equity		(74,834	)		(33,011	)
Total liabilities and shareholders' equity	$	252		$	252

~~See~~GLORYWIN ~~notes~~ENTERTAINMENT toGROUP, ~~unaudited~~INC. ~~consolidated~~AND ~~financial statements~~SUBSIDIARIES

4CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

~~GLORYWIN~~For ~~ENTERTAINMENT~~the ~~GROUP~~Year Ended March 31, ~~INC.~~2016 ~~AND~~and ~~SUBSIDIARIES~~Nine Months Ended December 31, 2016

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

Preferred Stock

Common Stock

Additional Paid-In

Accumulated Other Comprehensive

Retained

Shareholders’

Amount

Capital

Loss

Earnings

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

Foreign currency translation adjustment

–

(3,756

)

–

(3,756

)

Balance - March 31, 2015

–

20,800,338

20,800

1,690,032

(3,756

)

948,708

2,655,795

Contributions from shareholder

–

9,000

–

9,000

Share based compensations - employees

–

100,000

100

224,900

–

225,000

Acquisition of Little Wooden house

30,000,000

30,000

(32,946

)

–

(2,946

)

Exchange Reserves

(7,338

)

–

(7,338

)

Net income

–

(2,912,521

)

(2,912,521

)

Balance – March 31, 2016

–

50,900,338

50,900

1,890,991

(11,094

)

(1,963,813

)

(33,016

)

Contribution from Shareholder

–

Acquisition of Top Honesty Biomass Sdn Bhd

51,200,000

51,200

(51,195

)

–

Exchange Reserves

(188

)

(188

)

Net Income

(2,065,987

)

(2,065,987

)

Balance - December 31, 2016

–

102,100,338

102,100

1,839,796

(11,282

)

(4,029,800

)

(2,099,186

)

~~(Unaudited)~~See notes to unaudited consolidated financial statements

	For the Three Months Ended September 30,						For the Six Months Ended September 30,
	2016			2015			2016			2015
Revenues	$	–		$	1,760,946		$	–		$	3,515,773
Gross profit		–			1,760,946			–			3,515,773
Operating expenses:
General and administrative expenses		17,191			629,420			41,635			908,237
Professional fees		–			45,933			–			93,314
Total operating expenses		17,191			675353			41,635			1,001,551
Income before provision for income taxes		–			1,085,593			–			2,514,222
Provision for income taxes		–			(196,189	)		–			(395,196	)
Net income	$	17,191		$	889,404		$	41,635		$	2,119,026
Comprehensive income
Net income	$	(17,191	)	$	889,404		$	(41,635	)	$	2,119,026
Total comprehensive income	$	(17,191	)	$	889,404		$	(41,635	)	$	2,119,026
Net income per share
Basic	$	0.00		$	0.04		$	0.00		$	0.10
Diluted	$	0.00		$	0.04		$	0.00		$	0.10
Weighted average shares outstanding
Basic		53,126,425			20,899,251			52,019,464			20,850,065
Diluted		53,126,425			20,899,251			52,019,464			20,850,065

~~See~~GLORYWIN ~~notes~~ENTERTAINMENT toGROUP, ~~unaudited~~INC. ~~consolidated~~AND ~~financial~~SUBSIDIARIES ~~statements~~CONSOLIDATED STATEMENTS OF CASH FLOWS For the Nine Months Ended December 31, 2016 and 2015

	For the Nine Months Ended December 31,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	(58,704	)	$	3,393,616
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
Changes in operating assets and liabilities:
Accounts receivable		–			(1,359,303	)
Other current assets		–			–
Deposits for long-term operating leases		–			(30,000	)
Taxes payable		–			(604,960	)
Accrued liabilities and other payables		58,892			191,131

NET CASH PROVIDED BY OPERATING ACTIVITIES		188			3,037,418

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		–			(32,150	)
Cash paid for construction in process		–			(3,115,068	)

NET CASH USED IN INVESTING ACTIVITIES		–			(3,147,218	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party advances		–			324,544
Repayments to related party advances		–			(415,703	)

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		–			(91,159	)

EFFECT OF EXCHANGE RATE ON CASH		(188	)		–
NET INCREASE/( DECREASE) IN CASH AND CASH EQUIVALENTS		–			(200,959	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		252			213,974
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	252		$	13,015

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for:
Interest	$	–		$	–
Income taxes	$	–		$	–

NON-CASH DISCLOSURE OF CASH FLOW INFORMATION:
Shares issued for acquisition of Top honesty Biomass Sdn Bhd	$	51,200		$	–
Debt forgiveness	$	–		$	–
Shares issued for acquisition of Top Point	$	–		$	–

~~GLORYWIN~~See ~~ENTERTAINMENT~~notes ~~GROUP,~~to ~~INC.~~unaudited ~~AND~~consolidated ~~SUBSIDIARIES~~financial statements

~~CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT)~~6

~~For~~Glorywin ~~the~~Entertainment ~~Year~~Group ~~Ended~~Inc. ~~March 31, 2016~~ and ~~Six Months Ended September 30, 2016~~Subsidiaries

	Preferred Stock				Common Stock										Retained			Shareholders’
	Shares		Amount		Shares		Amount		APIC			AOCI			Earnings			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
Exchange reserves		–		–		–		–		–			(3,756	)		–			(3,756	)
Balance - March 31, 2015		–		–		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
Acquisition of Little Wooden House				–		30,000,000		30,000		(32,946	)		–			–			(2,9460
Exchange Reserves				–		–		–		–			(7,338	)		–			(7,338	)
Net income		–		–		–		–		–			–			(2,912,521	)		(2,912,521	)
Balance-March 31,2016		–		–		50,9000,338		50,900		1,890,991			(11,094			(1,963,813	)		(33,016	)
Contribution from Shareholders		–		–		–		–		–			–			–			–
Acquisition of Top Honesty Biomass Sdn Bhd		–		–		51,200,000		51,200		–			–			–			5
Exchange Reserves		–		–		–		–		–			(188	)		–			(188	)
Net Income		–		–		–		–		–			–			(2,065,987	)		(2,065,987	)
Ending Balance - September 30, 2016		–	$	–		102,100,338	$	102,100	$	1,839,736		$	(11,282	)	$	(4,029,800	)	$	(2,099,186	)

(FORMERLY ZIPPY BAGS, INC.)

~~See~~Notes ~~notes~~ to ~~unaudited~~Unaudited ~~consolidated~~Consolidated ~~financial~~Financial ~~statements~~Statements

6Note 1 – Nature of Business

~~GLORYWIN~~Glorywin ~~ENTERTAINMENT~~Entertainment ~~GROUP~~Group Inc. (“Glorywin”), formerly ~~INC~~known as Zippy Bags, Inc., ~~AND~~was ~~SUBSIDIARIES~~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.

~~CONSOLIDATED~~On ~~STATEMENTS~~June OF17, ~~CASH~~2014, ~~FLOWS~~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.

~~For~~On the ~~Six~~same ~~Months~~day, ~~Ended~~Glorywin ~~September~~entered 30into a share transfer agreement with Top Point Limited (“Top Point”), ~~2016~~a company incorporated in Samoa on April 9, 2014. Pursuant to the agreement, Glorywin issued 10,195,294 shares of common stock to Wen Wei Wu, Taipan Pearl Sdn Bhd, Boon Siong Lee and ~~2015~~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 (~~Unaudited~~“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 Gate has introduced 25 sub-junkets to initially three land-based casinos in Cambodia and reduced to two land-based casinos to date, and the Company itself does not hold license to operate casinos/junket or to conduct gaming promotion business in any country.

	For the Six Months Ended September 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	(41,635	)	$	2,119,026
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Expenses paid and waived by shareholder		–			9,000
Depreciation expenses		–			2,009
Share based compensation - employees		–			225,000
Changes in operating assets and liabilities:
Accounts receivable		–			(497,485	)
Other current assets		–			(57	)
Deposits for long-term operating leases		–			(30,000	)
Taxes payable		–			393,190
Accrued liabilities and other payables		41,823			104,505
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		188			2,325,188
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		–			(32,150	)
Cash paid for construction in process		–			(2,371,318	)
NET CASH USED IN INVESTING ACTIVITIES		–			(2,403,468	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party advances		–			293,544
Repayments to related party advances		–			(415,703	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		–			(122,159	)
EFFECT OF EXCHANGE RATE ON CASH		(188	)		–
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		–			(200,439	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		252			213,974
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	252		$	13,535
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for:
Interest	$	–		$	–
Income taxes	$	–		$	–
NON-CASH DISCLOSURE OF CASH FLOW INFORMATION:
Shares issues for acquisition of Top Honesty Biomass Sdn Bhd	$	51,200		$	–
Debt forgiveness	$	–		$	–
Shares issued for acquisition of Top Point	$	–		$	–

The acquisitions were accounted for as acquisitions by entities under common control due to the fact that each company was and continued to be held by the Company and its affiliates. As such, the transaction was recorded on the purchase method of accounting at historical amounts.

~~See~~After ~~notes~~the toabove ~~unaudited~~transactions, ~~consolidated~~Taipan ~~financial~~Pearl ~~statements~~Sdn Bhd owns 56% interest of the Glorywin and its subsidiaries, (collectively, “the Company”, “us”), and became the biggest shareholder of the Company.

7On October 30, 2014, the Company changed its name to Glorywin Entertainment Group, Inc.

~~Glorywin Entertainment Group Inc. and Subsidiaries~~7

~~Notes~~Acquisition toof ~~Unaudited~~Gwin ~~Consolidated~~Company ~~Financial~~Limited ~~Statements~~(Gwin)

~~Note~~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 ~~Nature~~100% of ~~Business~~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.

~~Glorywin~~Since ~~Entertainment~~the ~~Group~~Company ~~Inc~~and Gwin are under common control by Mr. ~~(“Glorywin”)~~Sing Hong Ting, ~~formerly~~ ~~known~~the acquisition of Gwin was recorded as ~~Zippy~~a ~~Bags,~~transaction ~~Inc~~between entities under common control., ~~was~~The ~~incorporated~~Company has accounted for Gwin’s operations on a retrospective basis in the ~~state~~Company’s ofconsolidated ~~Nevada~~financial onstatements ~~August~~since ~~26,~~Gwin ~~2010~~incurred ~~(“Inception”).~~start-up expenses Itfrom November 2014 which was ~~initially~~before obtaining the formal approval for incorporation. Accordingly, the consolidated balance ~~formed~~sheet toas ~~market~~of aMarch ~~snowboard~~31, ~~carrying~~2015, ~~bag~~the ~~locally~~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 ~~Salt~~year ~~Lake~~ended ~~City~~March 31, ~~Utah~~2015, ~~area~~and the consolidated statement of cash flows for the nine months ended December 31, 2014 have been retrospectively restated in this report to ~~snowboard~~reflect ~~shops~~Gwin’s accounts ~~and~~at ~~outdoor~~their ~~retailers~~historical amounts as of those dates.

On ~~June~~February 1721, ~~2014~~2016, ~~Janet~~Messrs. ~~Somsen~~Meng Hoa Duang, ~~the~~Lee ~~original~~Boon ~~owner~~Siong and Ho ofZhen ~~Glorywin,~~Lung ~~entered~~(the ~~into~~“Resigning aOfficers”) ~~security~~had ~~purchase~~resigned ~~agreement~~as toofficers ~~sell~~and ~~44.5%~~directors of ~~Glorywin~~the Company on the same day. Company’s Chairman ~~outstanding~~Mr. ~~shares,~~Wen orWei ~~4,365,000~~Wu ~~shares~~later contacted Mr. Ming Kong Lee, who is a shareholder of ~~common~~ ~~stock~~the Company, tothat ~~Taipan~~we ~~Pearl~~believes ~~Sdn~~he ~~Bhd~~has ~~and~~control ~~Wenwei~~on the Resigning Officers. Mr. Ming Kong Lee revealed to Mr. Wu inthat ~~exchange~~he ~~for~~intended anto ~~aggregate~~take ~~purchase~~away ~~price~~the business operation of ~~$189~~GWIN Company Limited,~~004~~ and inWonderful ~~cash.~~Gate AtStrategy ~~the~~Company ~~closing~~Limited, both of which are wholly owned subsidiaries of the ~~transaction~~Company in concert with his brother-in-law, Mr. ~~Janet~~Sing ~~Somsen~~Hong ~~agreed~~Ting ~~that~~who is a principal shareholder of the ~~previous~~Company. ~~officers~~The ~~would~~Company ~~resign,~~is currently seeking legal remedies against the Resigning Officers and ~~all~~Mr. Ting including the ~~debts,~~cancellation ~~consisting~~of the shares of ~~$11,719~~common stock of ~~taxes~~the ~~payable,~~Company owned by them or entities controlled by $1them. However,~~650~~ as of ~~accounts~~the ~~payable~~date hereof, ~~and~~the ~~$3,500~~Company ofcurrently ~~notes~~does ~~payable~~not ~~due~~have access to BKthe ~~Consulting~~operation and ~~Associates~~business records of such subsidiaries. In addition, Pthe Company’s two customers, the two land based casinos in Cambodia, which fully manage and handle former COO Mr.C Ho Zhen Lung and secretary Mr. ~~(“BK~~Lee ~~Consulting”)~~Boon Siong, ~~would~~that generated substantially all of our revenues as part of our junket business notified the beCompany ~~repaid~~that bythey ~~Ms.Somsen.~~were ~~Glorywin~~terminating istheir junket arrangement with the Company. As a ~~shell~~result, ~~company~~Company has lost the entire business in junket services and ~~has~~also nolost ~~operations~~the control of Gwin.

On ~~the~~March ~~same~~9, ~~day~~2016, ~~Glorywin~~the ~~entered~~Company’s ~~into~~Board aof ~~share transfer~~Directors ~~agreement~~approved ~~with~~a Share ~~Top~~Exchange ~~Point~~Arrangement ~~Limited~~ (~~“Top~~the ~~Point~~“Arrangement”), ato ~~company~~be ~~incorporated~~entered inbetween ~~Samoa~~the onCompany ~~April~~and ~~9, 2014~~Mr. ~~Pursuant to the agreement, Glorywin issued 10,195,294 shares of common stock to~~ Wen Wei Wu, ~~Taipan~~who ~~Pearl~~is ~~Sdn~~the ~~Bhd,~~Company’s Chairman ~~Boon Siong Lee~~ and ~~Zhen~~Acting ~~Long~~Chief HoExecutive toOfficer ~~acquire 1,000~~during ~~common~~that ~~shares (100%) of Top Point~~time. ~~Top Point is a shell company and has no operations.~~

~~Simultaneously,~~Subject ~~Glorywin~~to ~~paid~~the ~~Macanese~~Arrangement, ~~Pataca (“MOP”)~~the ~~60,000~~Company ~~(approximately~~has ~~$7,692)~~agreed to acquire ~~Wonderful~~all ~~Gate~~of the ~~Strategy~~outstanding capital stock of Little Wooden Horse Trading Company Limited (the “~~Wonderful~~Trading ~~Gate~~Company”), a company incorporated in onthe ~~March~~Macau ~~11,~~Special ~~2009~~Administrative inRegion ~~Macau,~~of the People’s Republic of China, ~~and~~ ~~had~~in noexchange ~~operation~~for ~~prior~~shares toof the ~~acquisition~~Company’s ~~from~~common stock, ~~Carmen~~par ~~Lum~~value $0.001 ~~Since~~(the ~~then, Wonderful~~“Common ~~Gate~~Stock”). ~~has~~Mr. ~~been~~Wu ~~engaged~~is inthe ~~service~~sole holder of ~~introducing~~the ~~sub-junkets~~Trading ~~and~~Company. ~~information~~Pursuant ~~technology infrastructure~~ to ~~land-based~~the ~~casinos~~Arrangement, ~~and~~the ~~receiving~~Company issued an ~~agreed~~aggregate ~~percentage~~of 30,000,000 shares of ~~total~~the ~~bets~~Common asStock ~~revenue.~~to ~~Wonderful~~acquire ~~Gate~~the ~~has~~Trading ~~introduced~~Company. 25The ~~sub-junkets~~Trading toCompany ~~initially~~is ~~three~~a ~~land-based~~new ~~casinos~~entity inwhich ~~Cambodia~~has no historical operations and ~~reduced~~plans to ~~one~~involve ~~land-based~~in ~~casino~~consultancy and trading of machineries related to ~~date~~activated carbon business.

After the above transactions, Taipan Pearl Sdn Bhd owns 56% interest of the Glorywin and its subsidiaries, (collectively, “the Company”, “us”), and became the biggest shareholder of the Company.8

On ~~October~~September 3026, ~~2014~~2016, Glorywin Entertainment Group Inc., a Nevada Corporation (the “Company”) ~~changed~~entered ~~its~~into ~~name~~a Sale and Purchase Agreement (the “Agreement”) with Mr. Ze Wu Xuan, the 100% beneficiary owner of Top Honesty Biomass Sdn Bhd (“THBSB”), a Malaysian company, to ~~Glorywin~~acquire ~~Entertainment~~all ~~Group~~of the outstanding capital stock of THBSB in exchange for the issuance to Mr. Xuan of an aggregate of 51,200,000 ~~Inc~~shares of the Company’s common stock (the “Acquisition”). The shares are subject to restrictions on resale pursuant to Commission Rule 144 under the Securities Act. On September 26, 2016, the record holder of 51,200,000 shares of the Company’s common stock, equivalent to 56.97% of our then issued and outstanding shares of common stock, the sole class of our voting securities, adopted and approved the amendment to the Articles of Incorporation by written consent in lieu of a meeting.

~~Acquisition~~Note of2 ~~Gwin~~– ~~Company~~Significant ~~Limited~~Accounting ~~(Gwin)~~Policies

OnBasis 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.Presentation

8We prepared the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the U.S. Securities and Exchange Commission ("SEC") rules. We included all adjustments that are necessary for the fair presentation of our financial position, results of operations, and cash flows for the periods presented.

~~Since~~We ~~the~~have ~~Company~~defined ~~and~~various ~~Gwin~~periods that are ~~under common control~~covered ~~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 from the inception of Gwin in March, 2015. Accordingly, the consolidated balance sheet as of March 31, 2015 and the consolidated statement of changes in shareholders’ equity for the year ended March 31, 2015 have been retrospectively restated in this report ~~to reflect Gwin’s accounts at their historical amounts~~ as ~~of those dates.~~follows:

~~Note~~"fiscal 2year –2015"—April ~~Significant~~1, ~~Accounting~~2014 through ~~Policies~~March 31, 2015

~~Basis~~"fiscal ofyear ~~Presentation~~2016"—April 1, 2015 through March 31, 2016

~~The~~Use ~~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.Estimates

The ~~accompanying~~preparation ~~unaudited~~of ~~interim~~ consolidated financial statements that ~~reflect~~conform ~~all~~with ~~adjustments~~U.S. ofGAAP arequires ~~normal~~management ~~and~~to ~~recurring~~make ~~nature~~estimates ~~which~~and ~~are,~~assumptions inthat affect the ~~opinion~~reported amounts of ~~management~~assets and liabilities, and ~~necessary~~the todisclosure ~~present fairly~~of contingent assets and liabilities at the date of the consolidated financial ~~position~~statements, ~~results~~and the reported amounts of ~~operations~~revenues and ~~cash~~expenses ~~flows~~during of the reporting period. Actual results could differ from those estimates. The Company ~~for~~continually evaluates its estimates, including those related to bad debts, income taxes, and the ~~interim~~valuation ~~periods~~of ~~presented~~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 ~~operations~~which form the basis for ~~these~~making ~~periods~~judgments about the carrying values of assets and liabilities that are not ~~necessarily~~readily ~~comparable~~apparent from other sources. Any future changes to, orthese ~~indicative~~estimates and assumptions could cause a material change to our reported amounts of revenues, ~~results~~expenses, ofassets and ~~any~~liabilities. ~~other~~Actual ~~interim~~results ~~period~~may ordiffer ~~for~~from ~~the~~these ~~fiscal~~estimates ~~year~~under ~~taken as~~different aassumptions ~~whole~~or conditions.

WeFair ~~have~~value ~~defined~~of ~~various~~Financial ~~periods that are covered in this report as follows:~~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 ~~"fiscal~~nature. ~~year~~Transactions ~~2015"—April~~involving 1related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings ~~2014~~may ~~through~~not ~~March~~exist. 31Representations about transactions with related parties, ~~2015~~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 ~~"fiscal~~in ~~year~~progress ~~2016"—April 1, 2015 through March 31, 2016~~

~~Use~~Direct costs that are related to the construction of ~~Estimates~~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 30, 2016 and 2015, the balance of construction in progress was $nil and $3,115,068, respectively, which was primarily related to the refurbishment of a leased casino hotel building.

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.9

~~Fair~~Foreign ~~value~~Currency ~~of Financial Instruments~~Translation

The ~~Company's~~accompanying consolidated financial ~~instruments~~statements are ~~consist~~presented ~~principally~~ in United States dollars ("USD"). The functional currency of ~~cash~~Wonderful ~~and~~Gate ~~cash~~located ~~equivalents~~in Macau is Hong Kong Dollars ("HKD"), ~~accounts~~and ~~receivable~~the functional currency of Glorywin, ~~accrued~~Top ~~liability~~Point and ~~other~~Gwin ~~payables~~is the USD. The ~~carrying~~financial ~~amounts~~statements ofare ~~such~~translated ~~financial instruments~~into inUS ~~the~~dollars ~~accompanying~~from ~~balance~~HK$ ~~sheets~~at ~~approximate~~period-end ~~their~~exchange ~~fair~~rates ~~values~~for ~~due~~assets toand liabilities, and weighted average exchange rates for revenues and expenses. Capital accounts are translated at their ~~relatively~~historical ~~short-term~~exchange ~~nature~~rates when the capital transactions occurred.

~~Transactions~~The ~~involving~~Hong ~~related~~Kong ~~parties~~Monetary ~~cannot~~Authority ("HKMA"), beHong ~~presumed to be carried out on an arm~~Kong's~~-length~~ ~~basis~~central bank, asmaintains ~~the~~a ~~requisite~~Linked ~~conditions~~Exchange ofRate ~~competitive,~~System ~~free-market~~since ~~dealings may not exist~~1983. ~~Representations~~ ~~about~~The ~~transactions~~HKMA ~~with~~operates ~~related~~Convertibility ~~parties,~~Undertakings ifon ~~made,~~both ~~shall not imply that~~ the ~~related party transactions were consummated~~ onstrong ~~terms~~side ~~equivalent~~and tothe ~~those~~weak ~~that~~side ~~prevail~~of inthe ~~arm's-length~~Linked ~~transactions~~Rate ~~unless~~of ~~such~~US$1: ~~representations can be substantiated~~HK$7.8. ~~It is not~~Thus, ~~however, practical to determine~~ the ~~fair~~consistent ~~value~~exchange ofrate ~~other~~used ~~payables~~has tobeen ~~related~~7.80 ~~parties~~HKD ~~due~~per toeach ~~their related party nature~~USD.

9Foreign 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.

~~Construction~~Related inParty ~~progress~~Transactions

~~Direct~~A ~~costs~~related ~~that~~party ~~are~~is ~~related~~generally todefined ~~the~~as ~~construction~~(i) any ofperson ~~property~~that ~~and~~holds ~~equipment~~10% ~~incurred~~or inmore ~~connection~~of ~~with bringing~~ the ~~assets~~Company's tosecurities ~~their~~including ~~intended~~such ~~use~~person's ~~are~~immediate ~~capitalized~~families, as(ii) ~~construction~~the inCompany's ~~progress.~~management, (iii) ~~Construction~~someone inthat ~~progress~~directly isor ~~transferred~~indirectly tocontrols, ~~specific~~is ~~property~~controlled ~~and~~by ~~equipment~~or ~~and~~is ~~the~~under ~~depreciation~~common ofcontrol ~~these~~with ~~assets commences when~~ the ~~assets are~~Company, ~~ready~~or ~~for~~(iv) ~~their~~anyone ~~intended~~who ~~use.~~can Assignificantly influence ofthe ~~September~~financial ~~30, 2016~~ and ~~March~~operating ~~31,~~decisions ~~2016,~~of the ~~balance~~Company. ofA ~~construction~~transaction inis ~~progress~~considered ~~was~~to ~~$nil~~be ~~and~~a ~~$nil, respectively,~~related ~~which~~party ~~was~~transaction ~~primarily~~when ~~related~~there is toa ~~the~~transfer ~~refurbishment~~ of aresources ~~leased~~or ~~casino~~obligations ~~hotel~~between ~~building~~related parties.

~~Foreign~~Stock-Based ~~Currency Translation~~Compensation

The ~~accompanying~~Company ~~consolidated~~accounts ~~financial~~for ~~statements are~~stock ~~presented~~based incompensation issued ~~United~~to ~~States~~employees ~~dollars ("USD"). The functional currency of Wonderful Gate located~~ in ~~Macau~~accordance iswith ~~Hong~~ASC ~~Kong~~718 ~~Dollars (~~"~~HKD~~Stock Compensation"),. ~~and~~ASC ~~the~~718 ~~functional~~requires ~~currency~~companies ofto ~~Glorywin,~~recognize ~~Top~~an ~~Point~~expense ~~and~~in ~~Gwin is~~ the ~~USD. The financial statements are translated into~~ USstatement ~~dollars~~of ~~from~~income ~~HK$~~ at ~~period-end~~the ~~exchange~~grant ~~rates~~date ~~for~~of ~~assets~~stock ~~and~~options ~~liabilities,~~ and ~~weighted~~other ~~average~~equity ~~exchange~~based ~~rates~~compensation ~~for~~issued ~~revenues~~to ~~and expenses~~employees. ~~Capital~~ The Company accounts ~~are~~for non-employee ~~translated~~share-based atawards ~~their~~in ~~historical~~accordance ~~exchange~~with ~~rates~~ASC ~~when~~505-50 ~~the~~"Equity-based ~~capital~~payments ~~transactions~~to ~~occurred~~nonemployees".

~~The~~Operating 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.Leases

~~Foreign~~Leases ~~currency~~where ~~transactions~~substantially ~~are~~all ~~those~~the ~~that~~rewards ~~required~~and ~~settlement~~risks inof aownership ~~currency~~of ~~other~~assets ~~than~~remain ~~HKD.~~with ~~Gain~~the orleasing ~~loss~~company ~~from~~are ~~foreign~~accounted ~~currency~~for ~~transactions,~~as oroperating ~~exchange~~leases. ~~loss,~~Payments ~~are~~made ~~recognized~~under inoperating ~~income in~~leases are charged to the ~~period~~consolidated ~~they~~statements ~~occur~~of operations on a straight-line basis over the lease period.

~~Related~~Cash ~~Party~~and ~~Transactions~~Cash Equivalents

AWe ~~related~~maintain ~~party~~cash isbalances ~~generally~~in ~~defined~~non-interest-bearing accounts, aswhich ~~(i)~~do ~~any person~~not ~~that~~currently ~~holds~~exceed ~~10%~~federally orinsured ~~more~~limits. ofFor the ~~Company's~~purpose ~~securities~~of ~~including such person's immediate families, (ii)~~ the ~~Company's~~statements ~~management,~~of ~~(iii) someone~~cash ~~that directly or indirectly controls~~flows, isall ~~controlled~~highly byliquid ~~or is under common control~~ investments with ~~the~~an ~~Company,~~original ormaturity ~~(iv) anyone who can significantly influence the financial and operating decisions~~ of ~~the~~three ~~Company.~~months Aor ~~transaction~~less isare considered to be acash ~~related party transaction when there is a transfer of resources or obligations between related parties~~equivalents.

~~Stock-Based~~Accounts ~~Compensation~~Receivable and Allowance for Doubtful Accounts

~~The~~Accounts ~~Company~~receivable ~~accounts~~are ~~for~~presented ~~stock~~net ~~based~~of ~~compensation~~an allowance ~~issued~~for todoubtful ~~employees~~accounts. inManagement ~~accordance~~of ~~with~~the ~~ASC~~Company ~~718~~makes ~~"Stock~~judgments ~~Compensation".~~as ~~ASC~~to ~~718~~its ~~requires~~ability ~~companies~~ to ~~recognize~~collect anoutstanding ~~expense~~receivables inand provides allowances for the ~~statement~~portion of ~~income~~receivables atwhen ~~the~~collection ~~grant~~becomes ~~date~~doubtful. Provisions are made based upon a specific review of ~~stock~~all ~~options~~significant ~~and~~outstanding invoices. ~~other~~For ~~equity~~those invoices not specifically reviewed, provisions are provided at different rates, based ~~compensation~~upon ~~issued~~the toage ~~employees~~of the receivables. In ~~The~~determining these percentages, management analyzes its historical collection experience and current economic trends. If the historical data the Company uses to calculate the allowance for doubtful accounts does not reflect the future ability to collect outstanding receivables, additional provisions for ~~non-employee~~doubtful ~~share-based~~accounts ~~awards~~may inbe ~~accordance~~needed ~~with~~and ~~ASC~~the ~~505-50~~future ~~"Equity-~~results of operations could be materially affected. As of December 31, 2016 and March 31, 2016, the Company did not establish, based ~~payments~~on toa ~~nonemployees"~~review of outstanding balances, an allowance for doubtful accounts.

~~Operating Leases~~10

~~Leases~~Income 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.Taxes

~~Recent~~Deferred ~~accounting~~tax ~~pronouncements~~assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. 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. A valuation allowance is provided for significant deferred tax assets when it is more likely than not, that such asset will not be recovered through future operations. Current income taxes are provided for in accordance with the laws and regulations applicable to the Company as enacted by the relevant tax authorities.

~~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.Recognition

10Since Wonderful Gate was acquired, the Company has been 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 charge s 0.2% and 0.05%, respectively, of total bets played by players introduced by sub-junkets from the three casinos located in Cambodia.

InAt ~~September 2015,~~ the ~~FASB~~end ~~issued~~of ~~ASU~~each ~~2015-16~~month, ~~“Business~~ ~~Combinations (Topic 805): Simplifying~~ the ~~Accounting~~IT ~~for~~company ~~Measurement-Period Adjustments”. The amendments in ASU~~introduced ~~2015-16~~by ~~require that an acquirer recognize adjustments to estimated amounts that are identified during~~ the ~~measurement~~Company ~~period~~generates ina ~~the~~bet ~~reporting period~~statement inof ~~which~~ the ~~adjustment~~three ~~amounts~~casinos ~~are~~where ~~determined.~~all ~~The amendments require that~~ the ~~acquirer~~playing ~~record,~~information inis ~~the same period’s financial statements~~presented, ~~the~~and ~~effect~~that onlays ~~earnings of changes in depreciation, amortization, or other income effects, if any, as a result of~~ the ~~change~~ground tofor ~~the~~revenue ~~estimated~~calculation. ~~amounts,~~After ~~calculated~~both ~~as if~~ the ~~accounting~~Company ~~had~~and ~~been completed at~~ the ~~acquisition~~casinos ~~date.~~agree ~~The~~with ~~amendments also require an entity to present separately on~~ the ~~face~~information of the ~~income~~bet statement, orsettlement ~~disclose~~is ~~in the notes the portion of the amount recorded in current-period~~prepared ~~earnings~~ by ~~line item that would have been recorded in previous reporting periods if~~ the ~~adjustment~~casinos toand the ~~estimated~~Company ~~amounts~~usually ~~had~~gets ~~been recognized~~paid ason of the ~~acquisition~~7th ~~date. The adoption~~ of ~~this standard is not expected to have a material impact on~~ the ~~Company’s consolidated~~following ~~financial statements~~month.

~~Note~~After 3the –Resigning ~~Accounts~~Officers ~~Receivable~~resigned from their position and do not properly handover, and also they controlling both 2 casinos and IT company relationship, we have lost the entire business of junket and we have write off all the profits and revenue in previous fiscal year ended March 31, 2016.

~~Accounts~~Despite ~~receivable~~in ~~consists~~September 2016, company has acquired Top Honesty Biomass Sdn Bhd (THBSB), a company incorporated in Malaysia which planning to commence new business related to biomass products, however, THBSB do not commence any business that generate any income as of ~~the~~December ~~following:~~31, 2016.

		As of September 30, 2016		As of March 31, 2016
Introduction of IT company	$	–	$	–
Introduction of sub-junkets		–		–
Total	$	–	$	–

Recent accounting pronouncements

WeIn ~~have~~August ~~written~~2015, ~~off~~ the ~~entire~~FASB ~~amount~~issued ~~receivable in~~ASU ~~previous year ended March 31~~2015-14, ~~2016 because our junket business was taken away by Mr. Sing Hong, former major shareholder, and his~~“Revenue ~~concerted~~from ~~party,~~Contracts ~~without~~with ~~our~~Customers ~~consent,~~(Topic ~~and our company has no any receivables since then.~~606):

~~Note 4 – Income Taxes~~11

~~Wonderful~~Deferral ~~Gate,~~of the ~~operating~~Effective ~~entity~~Date”. ofThe amendments in ASU 2015-14 defer the ~~Company~~effective date of ASU 2014-09 for all entities by one year. Public business entities, certain isnot-for-profit ~~located~~entities, and certain employee benefit plans should apply the guidance in ~~Macau~~ASU 2014-09 to annual reporting periods beginning after December 15, ~~China.~~2017, ~~Income~~including ~~received~~interim inreporting ~~Macau~~periods within that reporting period. Earlier application is permitted ~~taxable~~only ~~under~~as ~~Macau's~~of ~~Complementary~~annual ~~Tax~~reporting ~~provisions~~periods beginning after December 15, ~~irrespective~~2016, including interim reporting periods within that reporting period. The Company is currently in the process of evaluating the ~~beneficiary~~impact of the adoption on its consolidated financial ~~being~~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 ~~individual~~acquirer orrecognize aadjustments ~~corporation~~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, ~~its~~in ~~particular~~the ~~line~~same ofperiod’s ~~business~~financial statements, ~~its~~the ~~nationality~~effect on earnings of changes in depreciation, amortization, or ~~domiciliation~~other income effects, ~~without~~if ~~prejudice~~any, as a result of the change to the ~~particular~~estimated amounts, calculated as if ~~deductions~~the ~~and~~accounting ~~allowances~~had ~~each~~been ~~taxpayer~~completed ~~enjoys~~at the acquisition date. ~~Companies~~The ~~are~~amendments ~~required~~also require an entity to ~~declare~~present ~~their~~separately ~~annual~~on ~~profit~~the ~~and~~face of ~~such~~the ~~profit~~income isstatement ~~subject~~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 ~~Complementary~~the estimated amounts had been recognized as of the ~~Tax~~acquisition date. IfThe ~~dividend~~amendments isin ~~declared,~~the ~~taxable~~ASU ~~profit~~are iseffective ~~based~~for onpublic ~~taxable~~business ~~profit~~entities (for fiscal years beginning after ~~dividends~~December ~~have~~15, 2015, ~~been~~including ~~paid)~~interim periods within those fiscal years. ~~Law~~The Noadoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.5/ In November 2015, (the FASB issued ASU 2015-17, ~~Budget~~“'Income Taxes (Topic ~~Law~~740): ~~extends~~Balance ~~the~~Sheet ~~exempted~~Classification ~~portion~~ of ~~income~~Deferred Taxes”. The amendments in ASU 2015-17 eliminates the current requirement for organizations to ~~MOP600,~~present ~~000~~deferred tax liabilities and ~~determines~~assets ~~that~~as ~~the~~current ~~excess~~and ofnoncurrent ~~taxable~~in ~~income~~a classified balance sheet. Instead, organizations will be ~~taxed~~required atto classify all deferred tax assets and liabilities as noncurrent. The amendments in the ~~relevant~~ASU ~~brackets~~are ~~(0%~~effective ~~from~~for ~~MOP0~~public tobusiness ~~MOP600~~entities for financial statements issued for annual periods beginning after December 15, ~~000~~2016, and interim ~~12%~~periods onwithin ~~the~~those ~~excess)~~annual periods. ~~These~~The ~~measures~~Company ~~implemented~~is ~~through~~currently in the ~~2015~~process ~~Budget~~of ~~Law~~evaluating ~~are~~the ~~extraordinary~~impact ~~and~~of ~~there~~the adoption on its ~~can~~consolidated befinancial nostatements. ~~assurances~~In ~~that~~January 2016, the ~~exemption~~FASB ~~limit~~issued ~~will~~ASU ~~increase~~2016-01, ~~decrease~~“Financial orInstruments ~~stay~~- atOverall ~~its~~(Subtopic 825-10): ~~present~~Recognition ~~level.~~and ~~These~~Measurement ~~rates~~of ~~apply~~Financial toAssets and Financial Liabilities”. Among other things, the ~~declared~~amendments in ASU ~~taxable~~2016-01 ~~profit~~require equity investments (~~gross~~except ~~income~~those ~~less~~accounted ~~allowable~~for ~~deductions~~under the equity method of accounting, or those that result in consolidation of the investee) ~~from~~to ~~all~~be measured at fair value with changes in fair value recognized in net income, ~~generating~~public ~~sources~~business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, ~~except~~separate presentation ~~professional~~of ~~tax~~financial assets and ~~property~~financial ~~income~~liabilities by measurement category and form of financial asset (i.e., securities or ~~taxed~~loans ~~separately~~and ~~under~~receivables), ~~different~~and ~~regulations.~~eliminates ~~The~~the ~~provision~~requirement for ~~income~~public ~~taxes~~business ~~for~~entities to disclose the ~~six~~method(s) ~~months~~and ~~ended~~significant assumptions ~~September~~used ~~30,~~to ~~2016~~estimate ~~and~~the ~~2015~~fair ~~was~~value that is required to be disclosed for financial instruments measured at amortized cost. $0The ~~and~~amendments ~~$393~~in the ASU are effective for public companies for fiscal years beginning after December 15,~~190~~ 2017, ~~respectively~~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.

~~The~~Note ~~Company's~~3 ~~subsidiary,~~– ~~Top~~Accounts 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 September 30, 2016.Receivable

~~Glorywin~~Accounts isreceivable ~~incorporated~~consists ~~in the State~~ of ~~Nevada and is subject to~~ the ~~United States federal income tax at an effective tax rate of 34%.~~following:

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 September 30, 2016.

		As of December 31, 2016		As of March 31, 2016
Introduction of IT company	$	–	$	–
Introduction of sub-junkets		–		–
Total	$	–	$	–

11We have written off the entire amount receivable in previous year ended March 31, 2016 because our junket business was taken away by Mr. Sing Hong Hong, former major shareholder, and his concerted party, without our consent, and our company has no any receivables since then.

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 six months ended September 30, 2015 and 2014 are summarized as follows:12

	Six Months Ended September 30,
	2016		2015
Current taxes	$	–	$	393,190
Deferred taxes		–		–
Total	$	–	$	393,190

Note 4 – Income Taxes

~~The~~Wonderful ~~table~~Gate, ~~below~~the ~~summarizes~~operating entity of the ~~difference~~Company, ~~between~~is located in Macau, China. Income received in Macau is taxable under Macau's Complementary Tax provisions, irrespective of the Ubeneficiary 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.S Companies are required to declare their annual profit and such profit is subject to Complementary Tax. ~~statutory~~If dividend is declared, taxable profit is based on taxable profit (after dividends have been paid). Law No.15/2015 (the 2016 Budget ~~federal~~Law) ~~tax~~remains ~~rate~~the exempted portion of income to MOP600, 000 and determines that the ~~Company's~~excess ~~effective~~of taxable income be taxed at the relevant brackets (0% from MOP0 to MOP600, 000 and 12% on the excess). These rates apply to the declared taxable profit (gross income less allowable deductions) from all income generating sources, except professional tax ~~rate~~and property income, taxed separately under different regulations. The provision for ~~the~~income ~~six~~taxes ~~months~~as ~~ended~~of ~~September~~March 3031, 2016 and 2015: was $nil and $344,002, respectively. We do not have any provision of taxes as of March 31, 2016 because we have suffer loss on discontinue of business due to Mr. Ting Hong Sing and his concerted parties have taken away our entire business without our consent.

	Six Months Ended September 30,
	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%			0%
Effect of income tax difference under different tax jurisdictions		4%			4%
Total effective income tax rate		16%			16%

The Company's subsidiary, Feroce Drago Inc, is incorporated in Seychelles, and is subject to company tax at a tax rate of 25%. No provision for income taxes in Seychelles has been made as the Company had no Seychelles taxable income as of December 31, 2016.

~~Note 5~~Glorywin –is ~~Stockholders'~~incorporated ~~Equity~~in the State of Nevada and is subject to the United States federal income tax at an effective tax rate of 34%.

~~Shares~~Little ~~issued~~Wooden Horse Trading Company Limited is incorporated in Macau, China. Income received in Macau is taxable from 0% to 12%. No provision for income taxes in Macau has been made as the Company had no Macau taxable income as of December 31, 2016.

OnTHBSB ~~June~~is ~~17,~~incorporated ~~2014,~~in ~~the~~Malaysia ~~Company~~and ~~issued~~is ~~10,195,294 restricted~~subject ~~shares~~ to ~~Taipan~~company ~~Pearl~~tax ~~Sdn Bhd, Wenwei Wu, Boom Siong Lee and Zhen Long Ho as consideration for 1,000 shares of Top Point.~~at ~~The~~a ~~shares~~rate ~~were~~ranging ~~booked~~from at0% ~~par value issuance cost with a decrease~~ to ~~additional~~25% ~~paid-in~~based ~~capital~~on ofannual ~~$10,195~~taxable ~~due~~profit. toNo ~~treatment~~provision ~~requirements~~ for ~~stock~~income ~~granted~~taxes ~~for~~in anMalaysia ~~acquisition~~has ofbeen anmade ~~entity~~as ~~under~~THBSB ~~common~~had ~~control.~~no taxable ~~The~~income ~~transaction was accounted for~~ as ~~an acquisition~~ of ~~entity under~~December ~~common~~31, ~~control which requires booking the transaction at historical cost~~2016.

OnIncome ~~November~~taxes ~~18,~~are ~~2014,~~calculated ~~the~~on ~~Company~~a ~~issued~~separate ~~600,000~~entity ~~restricted~~basis. ~~shares~~Deferred toincome ~~Taipan~~taxes ~~Pearl~~reflect ~~Sdn~~the ~~Bhd,~~net ~~its~~tax ~~major~~effects ~~shareholder,~~of ~~100,000~~temporary ~~shares~~differences tobetween ~~Eng~~the ~~Wah~~carrying ~~Kung,~~amounts ~~its~~of ~~Chief~~assets ~~Executive~~and ~~Officer at the time,~~liabilities ~~and~~for ~~100,000~~financial ~~shares~~reporting topurposes ~~its~~and ~~public~~the ~~relationship~~amounts ~~company~~used ~~as consideration~~ for ~~their~~income ~~services~~tax ~~provided~~purposes. The ~~total~~provisions ~~fair~~for ~~value~~income oftaxes ~~the~~as ~~common stock~~of ~~was~~December $131,~~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~~2016 and ~~administrative expenses for the year ended March 31,~~ 2015. ~~The~~are ~~restriction~~summarized ~~period~~as ~~is one year from the grant date.~~follows:

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 three months ended September 30, 2015. The restriction period is one year from the grant date.

	Nine Months Ended December 31,
	2016		2015
Current taxes	$	–	$	602,954
Deferred taxes		–		–
Total	$	–	$	602,954

~~Debt~~The ~~forgiveness~~table bybelow ~~related~~summarizes ~~party~~the difference between the U.S. statutory federal tax rate and the Company's effective tax rate for the nine months ended December 31, 2016 and 2015:

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.

	Nine Months Ended December 31,
	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%			0%
Effect of income tax difference under different tax jurisdictions		3%			3%
Total effective income tax rate		15%			15%

1213

Note 65 –- ~~Related~~STOCKHOLDERS' ~~Party~~EQUITY ~~Transactions~~

~~The Company's officers, directors and related parties, from time to time, provided advances to the Company for working capital purpose. These advances are short~~Stock-~~term in nature, unsecured and payable on demand. The due to related parties amounts on September 30, 2016 and March 31, 2016 were as follows:~~splits

~~Nil~~On August 19, 2013, the Company's board of directors and shareholders approved a one thousand-for-one reverse stock split of the Company's common stock. On November 7, 2013, the Company issued 336 shares of common stock as fractional shares from the August 19, 2013 reverse stock split. All reference to share and per share amounts in the consolidated financial statement and accompanying notes to the consolidated financial statements have been retroactively restated to reflect the one thousand-for-one reverse stock split, unless otherwise noted.

OnShares 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.Issued

On ~~November~~June 1817, 2014, the Company issued ~~600~~10,~~000~~ 195,294 restricted shares ~~of common stock~~ to Taipan Pearl Sdn Bhd, Wenwei Wu, Boom Siong Lee and ~~100~~Zhen Long Ho as consideration for 1,000 ~~restricted~~ shares of ~~common~~Top ~~stock~~Point. toThe ~~Eng~~shares ~~Wah~~were ~~Kung,~~booked at ~~the~~par ~~Company's Chief~~value ~~Executive~~issuance ~~Officer~~cost atwith ~~the~~a ~~time,~~decrease asto ~~consideration~~additional ~~for~~paid-in ~~their~~capital ~~services~~of ~~provided.~~$10,195 ~~The~~due ~~total~~to ~~fair~~treatment ~~value~~requirements for stock granted for an acquisition of ~~the~~an entity under common ~~stock~~control. The transaction was ~~$1,400,000 based~~accounted onfor ~~the~~as ~~closing~~an ~~price~~acquisition of ~~the~~entity ~~Company's~~under common ~~stock~~control onwhich requires booking the ~~date~~transaction ofat ~~grant~~historical cost.

On ~~October~~November 2218, 2014 ~~and February 18~~, ~~2015,~~ the Company ~~entered~~issued ~~into a Conditional Sale Agreement and a Supplementary Agreement~~600,000 ~~respectively,~~restricted ~~with~~shares to Taipan Pearl Sdn Bhd, toits ~~acquire~~major ~~Gwin. A~~shareholder, ~~total of $4~~100,000~~,000~~ ~~was~~shares to beEng ~~paid~~Wah ~~by the Company for acquisition of Gwin. On September 29~~Kung, ~~2015,~~its aChief ~~Closing~~Executive ~~Agreement~~Officer ~~was~~at ~~entered into by~~ the ~~Company~~time, and ~~Ting Sing Hong~~100,000 ~~followed~~shares to byits anpublic ~~Amended~~relationship ~~and Restated~~company ~~Agreement~~as ~~signed~~consideration onfor ~~November~~their ~~11,~~services ~~2015~~provided. byThe ~~the~~total ~~Company~~fair ~~and~~value ~~Ting Sing~~of ~~Hong. Pursuant to~~ the ~~Closing~~common ~~Agreement~~stock ~~and~~was ~~Restated Agreement~~$1,600,000 based on the ~~Company~~closing ~~purchased~~price ~~100%~~ of ~~Gwin~~the Company's ~~equity~~common ~~interest~~stock ~~and~~on ~~all~~ the ~~advances~~ ~~paid~~date toof ~~Gwin,~~grant ~~totalling~~and ~~$5,876,392, were regarded as~~ the ~~final~~expense ~~consideration~~was ofincluded ~~the~~in ~~sale,~~general and ~~therefore is no longer refundable.~~administrative Inexpenses ~~addition,~~for the ~~Profitability~~year ~~Condition~~ended ofMarch ~~the~~31, ~~Conditional~~2015. ~~Sale~~The ~~Agreement~~restriction ~~was~~period ~~waived.~~is ~~Also~~one ~~see~~year ~~Note~~from 1the grant date.

~~During~~On ~~the~~July ~~three~~1, ~~months~~2015, ~~ended~~the ~~September~~Company ~~30,~~issued ~~2015~~100,000 ~~Ting~~restricted ~~Sing~~shares ~~Hong~~of ~~paid~~the Company's common stock valued at $~~9,000~~2.25 ~~house~~per ~~rent~~share onto ~~behalf~~Mr. ofMuhammad ~~Gwin and~~Shahrezza ~~waived~~Chong ~~repayment~~as ~~from~~compensation for his service to the Company as Director of Public Relationships. ~~This transaction~~ The total fair value of the common stock was ~~recorded~~$225,000 asbased anon ~~adjustment to~~the closing price of the ~~shareholders~~ Company's ~~equity~~common ~~(additional~~stock on ~~paid-~~the date of grant and the expense was included in ~~capital)~~general and administrative expenses for the nine months ended December 31, 2015. The restriction period is one year from the grant date.

~~Note~~On 7March –9, ~~Commitments~~2016, ~~and~~the ~~Contingencies~~Company issued an aggregate of 30,000,000 shares of the Company’s Common Stock to Mr. Wu to acquire the Little Wooden Horse Trading Company Limited. The issuance of the shares was exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) thereof on the basis that the transaction did not involve a public offering. The shares are subject to restrictions on resale pursuant to Commission Rule 144 under the Securities Act.

On ~~May~~September 1926, ~~2014~~2016, the Company ~~entered~~issued ~~into~~ an ~~agreement for~~aggregate ~~the~~of ~~lease~~51,200,000 shares of anthe ~~office~~Company’s inCommon ~~Macau~~Stock ~~for~~to ~~monthly~~Mr ~~rental~~Xuan ofto ~~MOP10,000~~acquire ~~(approximately~~the ~~$1,290)~~THBSB. The ~~original~~issuance ~~lease~~of ~~term~~the ~~began~~shares onwas ~~May~~exempt ~~19,~~from ~~2014~~registration under ~~and~~the ~~expired~~Securities onAct ~~April~~of ~~18,~~1933 ~~2015.~~pursuant Onto ~~April~~Section ~~19,~~4(a)(2) ~~2015,~~thereof on the ~~Company~~basis ~~renewed~~that the ~~agreement~~transaction ~~for~~did ~~another~~not ~~six~~involve ~~months.~~a ~~The~~public ~~monthly~~offering. ~~rental for the~~The ~~renewed~~shares ~~lease~~are issubject ~~MOP11,000,~~to orrestrictions ~~$1,410.~~on ~~The~~resale ~~renewed~~pursuant ~~lease~~to ~~will~~Commission ~~expire~~Rule on144 ~~November~~under ~~18,~~the ~~2016~~Securities Act.

~~Note~~Debt 8forgiveness –by ~~Subsequent~~related ~~Events~~party

~~None~~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.

13On 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.

~~Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.~~14

~~OVERVIEW~~On ~~AND~~July ~~OUTLOOK~~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.

~~The~~Debt ~~Company~~forgiveness ~~was~~by ~~formed~~related ~~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.~~party

~~After~~On ~~the takeover by new management on~~ June 17, 2014, ~~the~~Janet ~~Company,~~Somsen ~~through~~paid ~~its~~and ~~100%~~released the ~~indirectly~~Company ~~owned~~of ~~subsidiary~~$16,869 ~~Wonderful Gate Strategy Company Limited, became principally engaged in the service~~ of ~~introducing~~outstanding ~~sub-junkets~~liabilities. ~~and~~As ~~information technology infrastructure to land-based casinos~~Ms. ~~For~~ ~~sub-junkets introduction~~Somsen ~~service~~was ~~and~~a ITshareholder ~~infrastructure~~of ~~introduction~~the ~~service performed~~Company, wethe ~~charge~~transaction ~~0.2%~~was ~~and~~accounted ~~0.05%,~~for ~~respectively, of total bets played~~as bycontributed ~~players introduced by sub-junkets from the casinos located in Cambodia~~capital.

OnNote ~~October~~6 ~~30,~~– ~~2014,~~RELATED ~~the~~PARTY ~~Company~~TRANSACTIONS 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.

WeThe ~~have~~Company's ~~established~~officers, adirectors ~~website~~and ~~(www.glorywinentertainment.com) which~~other ~~set~~related ~~forth~~parties, ~~general~~from ~~information~~time to ~~for~~time, provided advances to the Company for working capital purpose. These advances are short-term in nature, unsecured and payable on demand. There are no any related party transactions as of December 31, 2016 and March 31, 2016.

~~Based~~Note on7 ~~our~~- ~~current~~COMMITMENTS ~~operating~~AND ~~plan,~~CONTINGENCIES 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.

~~Recent~~On ~~Developments~~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. Company renewed the agreement for another 6 months until May 18, 2017.

On August 1, 2015, Company launched a mobile application to provide 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. The mobile application is currently available for Android operating system phone users only. The Company is in the process to develop the mobile applications for IOS operating system phone users. Development of the mobile application of gaming 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.15

~~Player~~ITEM ~~acquisition is a key factor for organic growth in the online gaming industry~~2. ~~Players~~MANAGEMENT’S ~~are~~DISCUSSION ~~primarily~~AND ~~acquired~~ANALYSIS ~~from~~OF ~~affiliates~~FINANCIAL ~~for~~CONDITION aAND ~~fixed~~RESULTS ~~fee~~OF ~~or percentage of earnings based on negotiated predetermined criteria~~OPERATIONS. 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 affiliates takes place only when negotiated criteria are met. The criteria may be player minimum deposit, level of play, or revenue earned. The critical element is that unlike most marketing campaigns, the revenues returned by marketing are generally predictable.

~~The~~Special ~~key~~Note ~~elements~~Regarding ofForward ~~player~~Looking 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.Statements

14In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities 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 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 in our Annual Report on Form 10-K for the year ended March 31, 2015 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.

OnReaders ~~October~~are ~~22,~~urged ~~2014,~~to ~~the~~carefully ~~Company~~review ~~orally~~and ~~entered into a conditional~~consider ~~sale agreement ("Conditional Sale Agreement"), which was later put into a written form on January 19, 2015, with Taipan Pearl Sdn Bhd. Pursuant to~~ the ~~Conditional~~various ~~Sale~~disclosures ~~Agreement,~~made ~~the Company shall pay a total price of $2,000,000 to acquire Gwin Company Limited ("Target Company", or "Gwin"), which is solely owned~~ by ~~Mr.~~us ~~Sing~~in ~~Hong~~this ~~Ting.~~report ~~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~~our ~~the~~other ~~Target~~filings ~~Company~~with ~~maintains all necessary licenses to be operational. If~~ the ~~two conditions are not satisfied, the amount paid will be fully refunded~~SEC. OnThese ~~February~~reports ~~18,~~attempt ~~2015, the Company signed a supplementary agreement~~ to ~~the~~advise ~~Conditional~~interested ~~Sale Agreement ("Supplementary~~parties ~~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.~~risks ~~The Company paid $3,180,425 as of March 31, 2015~~ and ~~continued~~factors tothat ~~pay~~may ~~until~~affect ~~September~~our 29business, ~~2015,~~financial ~~when~~condition 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 a Restated Agreement (“Restated Agreement”) with Mr. Sing Hong Ting. Pursuant to the Closing Agreement and ~~Restated~~results ~~Agreement, the Company: (1) purchased 100%~~ of ~~Gwin’s~~operations ~~equity interest,~~ and ~~all~~prospects. ~~the~~The ~~advanced payment to the~~forward-looking ~~Target~~statements ~~Company,~~made ~~totaling~~in ~~$5,876,392,~~this ~~shall~~report bespeak ~~regarded~~only as ~~the final consideration~~ of the ~~sale,~~date hereof and ~~therefore~~we ~~shall~~disclaim ~~not~~any ~~be refundable; (2) waived the Profitability Condition of the Conditional Sale Agreement~~obligation, ~~which~~except ~~was not met~~ as ofrequired ~~September~~by 29law, ~~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~~provide updates, ~~2015,~~revisions ~~Gwin~~or ~~entered into~~amendments ~~a lease agreement~~ to ~~lease~~any aforward-looking ~~casino~~statements ~~hotel building with equipment in it located in Kingdom of Cambodia. Gwin is currently refurbishing the building and expects~~ to ~~finish~~reflect ~~the~~changes ~~refurbishment and start its operation~~ in ~~gaming~~our ~~and~~expectations ~~hospitality~~or ~~industry~~future ~~in February, 2016~~events.

~~Results~~Use of ~~Operations for the Six Months Ended September 30, 2016 and 2015~~Terms

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

~~Revenue~~· “Glorywin”, “Company,” “we,” “us,” or “our” are to the combined business of $0 Glorywin Entertainment Group Inc., a Nevada corporation, and $3its consolidated subsidiaries: Wonderful Gate Strategy Company Limited,~~515~~ Top Point Limited and GWIN Co Ltd; · “Wonderful Gate” is to Wonderful Gate Strategy Company Limited,~~773~~ ~~was~~a ~~recognized during~~company incorporated in Macau; · “Top Point” is to Top Point Limited, a company incorporated in Samoa; · “Gwin” is to Gwin Co Lrd, a company incorporated in Kingdom of Cambodia; · “Cambodia” is to the ~~six~~ ~~months~~Kingdom ~~ended~~of ~~September~~Cambodia; 30· “SEC” is to the Securities and Exchange Commission; · “Exchange Act” is to the Securities Exchange Act of 1934, ~~2016~~as amended; · “Securities Act” is to the Securities Act of 1933, as amended; and ~~2015~~· “U. S. dollars,” “dollars” and “$” are to the legal currency of the United States.

~~General~~Overview ~~and~~of ~~administrative~~our ~~expenses~~Business

~~General~~The ~~and~~Company ~~administrative~~was ~~expenses~~formed ~~were~~in ~~$41,635 for~~ the ~~six~~state ~~months~~of Nevada ~~ended~~on ~~September~~August 3026, ~~2016~~2010 ~~compared~~under tothe ~~$908,237~~name ~~for~~"Zippy ~~the~~Bags, ~~six~~Inc." ~~months~~to ~~ended~~provide ~~September~~retail ~~30,~~sales ~~2016.~~of ~~The~~snowboard ~~decrease~~carrying ~~was~~bags ~~because~~to the ~~discontinuance of~~general ~~operations~~public.

~~Net~~After ~~Profit~~the takeover by new management on June 17, 2014, the Company, through its 100% indirectly owned subsidiary, Wonderful Gate, 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 to the casinos located in Cambodia.

~~For the reasons above, net profit before provision for income taxes for the six months ended September 30, 2016 was $(41,635) as compared to $2,119,026 for the six months ended September 30, 2015.~~16

~~LIQUIDITY~~On ~~AND~~October ~~CAPITAL~~30, ~~RESOURCES~~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.

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

~~The~~Based ~~following~~on ~~table~~our ~~summarizes~~current ~~total~~operating ~~assets~~plan, ~~accumulated~~we ~~deficit, stockholder's~~expect ~~equity~~that ~~and~~we ~~working~~will ~~capital~~be asable ofto ~~September~~generate ~~30,~~revenue ~~2016~~that ~~and~~is ~~March~~sufficient ~~31,~~to ~~2016~~cover our expenses for the next twelve months. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital.

	September 30, 2016			March 31, 2016
Total Assets	$	252		$	252
Accumulated Profit	$	(2,005,448	)	$	(1,963,813	)
Stockholders' Equity	$	(74,834	)	$	(33,011	)
Net Working Capital (Deficit)	$	(74,834	)	$	(33,011	)

Recent Development

~~Net~~In ~~cash~~January ~~provided~~2016, bywe ~~operating~~have ~~activities~~started ~~total~~preparing $ourselves to 0achieve ~~during~~all requirements in order to up-list to NASDAQ. We are confident to achieve all up-listing requirements in the ~~six~~ next 6 months then ~~ended~~we ~~September~~will ~~30,~~submit ~~2016~~our application for up-listing.

15After the Company launched mobile application for Android operating system phone users on August 1, 2015, the Company started 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.

~~Satisfaction~~Player ofacquisition ~~Our~~is ~~Cash~~a ~~Obligations~~key factor for organic growth in the ~~Next~~online ~~Twelve~~gaming ~~Months~~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 affiliates takes place only when negotiated criteria are met. The criteria may be player minimum deposit, level of play, or revenue earned. The critical element is that unlike most marketing campaigns, the revenues returned by marketing are generally predictable.

~~Our~~The ~~plan~~key ~~for~~elements ~~satisfying~~of ~~our~~player ~~cash~~retention ~~requirements~~are ~~for~~ the ~~next~~creation ~~twelve~~of ~~months~~exciting opportunities isto ~~through~~maintain ~~generating~~player ~~revenue~~interest ~~from~~and ~~introduction~~increase ofplay ~~junket~~frequency. ~~operations~~Similar ~~and~~to ~~technical~~land-based ~~service,~~casino's ~~and~~compensation ~~also~~programs, ~~receive~~the oftools ~~rental~~used ~~income~~for ~~generate~~this ~~from~~purpose ~~sub-leasing~~include ~~the~~prizes, ~~land-based~~"free ~~casino~~money," ~~under~~opportunities ~~GWIN~~ to ~~third~~play ~~party~~against famous (or infamous) players, and tournament qualifications.

~~Inflation~~Results of Operations

~~The~~Comparison ~~rate~~ of ~~inflation~~Three ~~has~~Months ~~had~~Ended ~~little~~December ~~impact on the Company's results~~31, of2016 ~~operations~~ and ~~is not expected to have a significant impact on the continuing operations.~~2015

~~Off-Balance~~Sales ~~Sheet~~revenue ~~Arrangements~~. Our sales revenue is primarily generated from introducing players to casinos throughout the Asian region. Sales revenue decreased by $1,948,295 or 43%, to $NIL for the three months ended December 31, 2016, from $1,948,295 for the same period in 2015. The decrease was due to the cessation of operations.

WeCost doof ~~not~~sales ~~have~~. ~~any~~We ~~off-balance sheet arrangements that~~ have orno ~~are~~cost ~~reasonably~~of ~~likely~~sales toin ~~have~~view aof ~~current~~the ornature ~~future~~of ~~effect~~our onbusiness ~~our~~as ~~financial~~earning ~~condition,~~commission ~~changes~~from inland ~~financial~~based ~~condition,~~casinos. ~~revenues~~Hence orour ~~expenses, results~~cost of ~~operations,~~sales ~~liquidity,~~is ~~capital~~Nil ~~expenditures~~for orboth three ~~capital~~months ~~resources~~ended ~~that~~December is31, ~~material~~2016 toand ~~investors~~2015.

~~Critical~~Gross ~~Accounting~~profit ~~Policies~~. Our gross profit is equal to the 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 no cost of sales and gross profit remained 100% of sales. Gross profit decreased to $(41,513) for the three months ended December 31, 2016, from $1,274,590 for the same period in 2015. The decrease in our gross profit margin was mainly attributable to cessation of operations.

WeSelling, ~~have~~General ~~identified~~and ~~the~~Administrative ~~policies~~expenses ~~outlined~~. ~~below~~Our administrative asexpenses ~~critical~~consist ~~to our business operations and an understanding~~ of ~~our~~the ~~results~~costs ofassociated ~~operations.~~with ~~The~~staff ~~list~~and issupport ~~not~~personnel ~~intended~~who tomanage ~~be a comprehensive list of all of~~ our ~~accounting~~business ~~policies~~activities. InOur ~~many~~administrative ~~cases,~~expenses decreased ~~the~~by ~~accounting~~$897,514, ~~treatment~~or of69%, ato ~~particular~~$407,093 ~~transaction~~for isthe ~~specifically~~three ~~dictated~~months ~~by accounting~~ended ~~principles~~December ~~generally~~31, ~~accepted~~2015, infrom ~~the United States~~$1,304,607 ~~with no need~~ for ~~management's~~the ~~judgment~~same period in ~~their application~~2014. ~~The impact~~ ~~and~~As ~~any~~a ~~associated~~percentage ~~risks~~of ~~related~~sales torevenue, ~~these~~administrative ~~policies~~expenses ondecreased ~~our~~to ~~business~~21% ~~operations~~for isthe ~~discussed~~three ~~throughout~~months ~~management's~~ended ~~Discussion~~December ~~and~~31, ~~Analysis or~~2015, ~~Plan~~as ofcompared ~~Operation~~to 96% ~~where~~for ~~such~~the ~~policies~~same ~~affect~~period ~~our~~in ~~reported and expected financial results~~2014. ~~Note~~High ~~that~~administrative ~~our~~expenses ~~preparation~~in offor the ~~financial statements~~same ~~requires~~period usin to2014 ~~make~~was ~~estimates~~primarily ~~and~~because ~~assumptions~~there ~~that~~were ~~affect~~shares ~~the reported amount of assets and liabilities, disclosure of contingent~~issued ~~assets~~for ~~and~~services ~~liabilities~~valued at ~~the~~fair ~~date~~market ofvalue ~~our~~in ~~financial~~addition ~~statements,~~to salaries and ~~the~~rental ~~reported~~expenses. ~~amounts~~There ofwere ~~revenue~~no ~~and~~shares ~~expenses~~issued ~~during~~for the ~~reporting~~ same period. in ~~There~~2015 ~~can~~which beled noto ~~assurance~~decrease ~~that~~in ~~actual~~administrative ~~results will not differ from those estimates~~expenses.

~~Revenue Recognition~~17

~~Revenues~~Liquidity ~~from~~and ~~service~~Capital ~~contracts are recognized as services are performed if collectability is reasonably assured.~~Resources

~~The~~As ~~Company~~of isDecember ~~engaged~~31, in2015, ~~service~~we ofhad ~~introducing of~~cash ~~sub-junkets~~ and ~~information~~cash equivalents ~~technology~~of ~~(IT)~~$13,015, ~~company~~primarily toconsisting ~~land-based~~of ~~casinos~~cash ~~and~~on ~~receiving~~hand anand ~~agreed~~demand ~~percentage~~deposits. ofWe ~~total~~believe ~~bets~~that asour ~~revenue. For~~existing ~~sub-junkets~~sources ~~introduction~~of ~~service~~liquidity ~~and~~will be ITsufficient ~~infrastructure~~to ~~introduction~~fund ~~service~~our ~~performed~~operations, ~~the~~anticipated ~~Company~~capital ~~charges 0.2% and 0.05%~~expenditures, ~~respectively, of~~working ~~total~~capital ~~bets~~and ~~played~~other byfinancing ~~players~~requirements ~~introduced~~for byat ~~sub-junkets from~~ least the ~~casinos~~next ~~located~~twelve ~~in Cambodia~~months.

~~Recently~~The ~~Issued~~following ~~Accounting~~table ~~Pronouncements~~summarizes total assets, accumulated profit, stockholder's equity and working capital as of December 31, 2016 and March 31, 2016.

For information about new accounting pronouncements and the potential impact on our Consolidated Financial Statements, see Note 3 of the Notes to Consolidated Financial Statements in our Form 10-K for the year ended March 31, 2016.

	December 31, 2016			March 31, 2016
Total Assets	$	252		$	252

Accumulated Profit	$	(2,022,517	)	$	(1,963,813	)

Stockholders' Equity	$	(91,903	)	$	(33,011	)

Net Working Capital (Deficit)	$	(91,903	)	$	(33,011	)

InOperating May 2014, the FASB issued ASU 2014-09, "Revenue from contracts with Customers (Topic 606)". This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. 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.Activities

16Net cash provided by operating activities was $(188) for the nine months ended December 31, 2016, compared with $(200,959) for the same period in 2015. The increase in net cash provided by operating activities was mainly because net income has increased.

~~Item~~Investing ~~3. Quantitative and Qualitative Disclosure About Market Risk.~~Activities

~~This~~Net ~~item~~cash isused ~~not~~in ~~applicable~~investing asactivities wewas ~~are~~$NIL for ~~currently~~the nine months ended December 31, 2016, compared with $(91,159) in the same period in 2015. The net cash used in investing activities ~~considered~~during athe ~~smaller~~nine ~~reporting~~months ~~company~~ended December 31, 2015 was primarily used for refurbish cost for the casino building leased under Gwin.

~~Item~~Financing ~~4. Controls and Procedures.~~Activities

WeNet ~~maintain~~cash ~~disclosure~~used ~~controls and procedures that are designed to ensure that information required to be disclosed by us~~ in ~~reports~~financing ~~that~~activities wewas ~~file~~$91,159 for orthe ~~submit~~nine ~~under~~months ~~the~~ended ~~Securities~~December ~~Exchange Act~~31, ~~of 1934~~2015, ascompared ~~amended~~with net ~~(the~~cash ~~"Exchange~~provided ~~Act"),~~by isfinancing ~~recorded,~~activities ~~processed,~~of ~~summarized~~$NIL ~~and~~for ~~reported within~~ the ~~time~~same ~~periods specified~~period in ~~the~~2016. ~~Securities~~The ~~and~~decrease ~~Exchange~~in ~~Commission~~net ~~(“SEC”)~~cash ~~rules~~provided ~~and~~by ~~forms,~~financing ~~and~~activities ~~that~~resulted ~~such~~from ~~information~~the isCompany ~~accumulated~~has ~~and~~repaid ~~communicated to~~the ~~our~~advances ~~management, including our Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), as appropriate,~~ to ~~allow~~related ~~timely decisions regarding required disclosure~~parties.

~~Limitations on the Effectiveness of Disclosure Controls~~Inflation

InInflation ~~designing~~ and ~~evaluating~~changing ~~the~~prices ~~Company's~~have ~~disclosure controls~~not ~~and~~had ~~procedures,~~a ~~management~~material effect ~~recognized~~on ~~that~~our ~~disclosure controls and procedures~~business, ~~no matter how well conceived~~ and ~~operated,~~we ~~can provide~~do ~~only reasonable,~~ not ~~absolute,~~expect ~~assurance~~ that ~~the~~inflation ~~objectives~~or ofchanging ~~the~~prices ~~disclosure~~will ~~controls~~materially ~~and~~affect ~~procedures~~our ~~are~~business ~~met. Additionally,~~ in ~~designing~~the ~~disclosure~~foreseeable future. ~~controls and procedures~~However, ~~Company~~our management ~~necessarily~~will ~~was~~closely ~~required~~monitor toprice ~~apply~~changes ~~its judgment~~ in ~~evaluating~~ the ~~cost-benefit relationship~~Cambodian ofeconomy ~~possible disclosure controls~~ and ~~procedures.~~our ~~The~~industry ~~design of any disclosure controls~~ and ~~procedures~~continually ~~also is based in part~~maintain ~~upon~~effective ~~certain~~cost ~~assumptions~~controls ~~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~~operations.

~~Evaluation~~Off ofBalance ~~Disclosure~~Sheet ~~Controls and Procedures~~Arrangements

~~Our~~We ~~CEO~~do ~~and~~not ~~CFO,~~ have ~~evaluated~~any ~~the~~off ~~effectiveness of~~balance ~~our~~sheet ~~disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by~~arrangements ~~this report. Based on the evaluation, they concluded~~ that ~~our~~have ~~disclosure~~or ~~controls and procedures~~ are ~~not~~reasonably ~~effective~~likely ~~in timely alerting them~~ to ~~material~~have ~~information~~a ~~relating~~current toor usfuture ~~that~~effect ison ~~required to be included in~~ our ~~periodic~~financial ~~SEC~~condition, ~~filings~~changes ~~and ensuring that information required to be disclosed by us~~ in ~~the~~financial ~~reports~~condition, ~~we file~~ sales or ~~submit~~expenses, ~~under~~results ~~the~~of ~~Act is accumulated and communicated to our management~~operations, ~~including our~~liquidity ~~chief~~or ~~financial~~capital ~~officer~~expenditures, or ~~person~~capital ~~performing~~resources ~~similar~~that ~~functions,~~are asmaterial ~~appropriate~~ to ~~allow~~an ~~timely~~investment ~~decisions~~in ~~regarding required disclosure,~~our ~~for the following reasons:~~securities.

~~· 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.~~18

WeCritical ~~plan~~Accounting ~~to rectify these weaknesses by implementing an independent board of directors.~~Policies

~~Changes~~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 ~~Internal~~materially ~~Control~~different amounts ~~Over~~being ~~Financial~~reported ~~Reporting~~under various conditions or using different assumptions. See Note 2 to our unaudited consolidated financial statements included elsewhere in this report.

~~None~~Revenue Recognition

17Revenues from service contracts are recognized as services are performed if collectability is reasonably assured.

~~PART~~The IICompany is engaged in service of introducing of sub-junkets ~~OTHER~~and ~~INFORMATION~~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.

~~Item~~Recently 1.Issued ~~Legal~~Accounting ~~Proceedings.~~Pronouncements

WeIn ~~know~~August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of nothe ~~material~~Effective ~~pending~~Date”. ~~legal~~The ~~proceedings~~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 ~~which~~annual ~~our~~reporting ~~company~~periods orbeginning ~~subsidiary~~after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is apermitted ~~party~~only oras of ~~which~~annual ~~any~~reporting ofperiods ~~their~~beginning ~~property~~after isDecember ~~the~~15, ~~subject~~2016, including interim reporting periods within that reporting period. InThe ~~addition,~~Company weis docurrently ~~not~~in ~~know~~the process of ~~any~~evaluating ~~such~~the impact of ~~proceedings~~the ~~contemplated~~adoption byon ~~any~~its ~~governmental~~consolidated ~~authorities~~financial statements.

WeIn ~~know~~September of2015, nothe ~~material~~FASB ~~proceedings~~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 ~~any~~the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial ~~director~~statements, ~~officer~~the oreffect ~~affiliate~~on earnings of ~~our~~changes ~~company~~in depreciation, amortization, or ~~any~~other ~~registered~~income oreffects, ~~beneficial~~if ~~stockholder~~any, as a result of ~~our~~the ~~company~~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 ~~any~~disclose ~~associate~~in the notes the portion of ~~any~~the ~~such~~amount recorded in current-period ~~director,~~earnings ~~officer,~~by ~~affiliate,~~line oritem ~~stockholder~~that iswould ahave ~~party~~been ~~adverse~~recorded in previous reporting periods if the adjustment to ~~our~~the ~~company~~estimated oramounts ~~subsidiary~~had orbeen recognized ~~has~~as of the acquisition date. The adoption of this standard is not expected to have a material ~~interest~~impact ~~adverse~~on tothe ~~our~~Company’s ~~company~~consolidated orfinancial ~~subsidiary~~statements.

~~Item~~In 1AJanuary 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. Among ~~Risk~~other ~~Factors~~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.

WeITEM ~~are~~3. aQUANTITATIVE ~~smaller~~AND ~~reporting~~QUALITATIVE ~~company~~DISCLOSURES asABOUT ~~defined by~~MARKET ~~Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item~~RISK.

~~Item~~Not 2Applicable. ~~Unregistered Sales of Equity Securities and Use of Proceeds.~~

~~None.~~19

~~Item~~ITEM 34. ~~Defaults~~CONTROLS ~~Upon~~AND ~~Senior Securities~~PROCEDURES.

~~None~~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.

~~Item~~Limitations 4.on ~~Mine~~the ~~Safety~~Effectiveness ~~Disclosures.~~of Disclosure Controls

~~None~~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.

~~Item~~Evaluation 5.of ~~Other~~Disclosure ~~Information.~~Controls and Procedures

~~Amendment~~Our CEO and CFO have evaluated the effectiveness of ~~Bylaws~~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:

On· ~~November~~The ~~11, 2015, the Board adopted the Amended and Restated Bylaws of the~~ Company sodoes ~~that~~not ~~the~~have ~~Board~~an ~~may~~independent ~~fill~~board ~~the vacancies~~ of ~~the Board, including vacancies resulted from the increase of the authorized number of~~ directors or ~~resignations~~audit ofcommittee; ~~directors.~~· ~~The~~We ~~foregoing~~do ~~description of the Bylaws does~~ not ~~purport~~have toan beindependent ~~complete~~body ~~and is qualified in its entirety by reference~~ to ~~the~~oversee ~~complete~~our ~~text~~internal ofcontrols ~~each~~over offinancial ~~such document, which are filed as Exhibits 3~~reporting.1 hereto, and which are incorporated herein by reference. In addition to the amendments summarized below, the new Bylaws reflect certain non-substantive changes to conform to current provisions of Nevada law and to improve style and readability.

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

OnChanges ~~November 11, 2015, Miss Carmen Lum resigned as the Company Director and the Board of Directors appointed Mr. Gim Hooi Ooi as the new Company Director~~ in ~~the~~Internal ~~Board.~~Control ~~Mr.~~over ~~Gim Hooi OOI is also current Chief~~ Financial ~~Officer of the Company.~~ Reporting

18We 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.

~~Item~~There 6.were ~~Exhibits~~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.

Exhibit		Exhibit Description
3.1		Amended and Restated Bylaws (filed herewith)
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
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

19PART II

~~SIGNATURES~~OTHER INFORMATION

~~Pursuant~~ITEM to1. ~~the~~LEGAL ~~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~~PROCEEDINGS.

	GLORYWIN ENTERTAINMENT GROUP INC.
Date: June 14, 2022	By:	/s/ Sorphea Rath
		Sorphea Rath
		Acting Chief Executive Officer (Principal Executive Officer)

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.

Date: June 14, 2022	By:	/s/ Solin Hoem
		Solin Hoem
		Chief Financial Officer (Principal Financial and Accounting Officer)

ITEM 1A.

RISK FACTORS.

20Not 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.

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: June 15, 2022	GLORYWIN ENTERTAINMENT GROUP INC.


	By:	/s/ Sorphea Rath
		Sorphea Rath, Chief Executive Officer
		(Principal Executive Officer)

By:

/s/ Solin Hoem

Solin Hoem, Chief Financial Officer

(Principal Financial Officer and Principal

Accounting Officer)

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).

Filing Compare · GLORYWIN ENTERTAINMENT GROUP, INC.