Full Fiscal Years The Corporation was registered in New York State on January 28, 2016, and the Corporation started to run its business since march 26, 2016, and the Corporation didn't have full fiscal years, so we can discuss the financial condition, changes in financial condition and results of operations of the Corporation since January 28, 2016 to September 30, 2016. Liquidity and Capital Resources Our capital resources were from the investment of the owner. Our Capital Resources sources were our cash. Cash were $1,452 as of September 30, 2016 .. 19 Back to Table of Contents Cash Provided by Operating Activities $639 cash was invested in the spot gold and the spot silver trading as of September 30, 2016. Off-Balance Sheet Arrangements We did not have any off-balance sheet arrangements as of September 30, 2016. Contractual Obligations The Corporation didn't have any contractual obligations as of September 30, 2016. Obligations or Liabilities The Corporation didn't have any obligations or liabilities (including contingent obligations or liabilities) as of September 30, 2016. Contingencies The Corporation didn't have any contingencies as of September 30, 2016. Material Favorable Impact on Net Revenues or Income The Corporation didn't have any material favorable impact on net revenues or income as of September 30, 2016. Inflation and Other Changes in Prices The inflation and other changes in prices didn't impact the Corporation's net revenues and income from continuing operations. Plan of Operation (1). Before December 31, 2016 (about next 3 months), we use almost capital of the Corporation to trade the spot gold and the spot silver, and try to gain a small amount profit, at same time, we will try to finish the register in SEC for issuing shares. (2). Before March 31, 2017 (next 6 months), we use almost capital of the Corporation to trade the spot gold and the spot silver, and try to gain a small amount profit, at same time, we will try to finish the shares' issuing, to raise funds. (3). Before June 30, 2017 (next 9 months), we maintain to trade the spot gold and the spot silver, and try to gain a profit,at same time, we will try to finish the register in FINRA and DTC for trading our stocks in OTC markets. (4). Before September 30, 2017 (next 12 months), we maintain to trade the spot gold and the spot silver, and try to gain a profit,at same time, we will try to raise more funds by any ways. An approximate timeframe to the point of generating revenue: December 31, 2016 Milestones 1st event or milestone: Event or milestone: Start to profit in trading the spot gold and the spot silver. Expected manner of occurrence or method of achievement: Study the gold and silver market, and try to do our best in trading the spot gold and the spot silver. The Corporation's income will be reinvested to achieve increasing the share's price. Date or number of months after receipt of proceeds should be when accomplished: About on December 31, 2016. 2nd event or milestone: Event or milestone: The business will be running normally, to increase capital, to increase profit. Expected manner of occurrence or method of achievement: The Corporation's income will be reinvested to achieve increasing the share's price. Larison Inc will grant its fund to support the Corporation. Larison Inc. will continue to raise funds by any ways, and continue to support the Corporation by granting funds or making loans without interest. Then, the Corporation will continue to obtain the working capital, to driving the growth of the Corporation. Date or number of months after receipt of proceeds should be when accomplished: About on December 31, 2017. If the Corporation of delays in achieving each of the events or milestones within the above time schedule, the profit capacity of the Corporation will be serious to decrease, the Corporation's liquidity will be serious to decrease; even the Corporation's liquidity will be exhausted. The faith of the Corporation's shareholder will be serious to decrease, they will undersell the shares of the Corporation, and the share's price of the Corporation will be falling. Critical Accounting Policies and EstimatesOur financial statements are prepared in accordance with GAAP. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities, which are not readily apparent from other sources. We base our estimates and judgments on historical experience and on various other assumptions that we believe are reasonable under the circumstances. On an ongoing basis, we evaluate our estimates and assumptions. Our actual results may differ from these estimates under different assumptions or conditions. We believe that the assumptions and estimates associated with revenue recognition for Payments and other fees, income taxes and share-based compensation have the greatest potential impact on our condensed financial statements. Therefore, we consider these to be our critical accounting policies and estimates. 20 Back to Table of Contents Quantitative and Qualitative Disclosures About Market RiskAs a result of our operating and financing activities, we are exposed to market risks such as interest rate risk, foreign currency exchange rate risk and credit risk. We have implemented policies and procedures designed to measure, manage, monitor and report risk exposures, which are regularly reviewed by the appropriate management and supervisory bodies. The Corporation started to run its business since March 26, 2016, so the Corporation shall provide, in the register statement, quantitative information about market risk as of the end of September 30, 2016 , and the period was from January 28, 2015 to September 30, 2016 .. Interest Rate Risk Our have exposure to market risk for changes in interest rates relating to our cash and cash equivalents, short-term and long-term investments, short-term and long-term restricted cash and investments, and indebtedness. As of September 30, 2016 , our cash and cash equivalents were $1,452, short-term investments were $639, long-term investments were $0, short-term restricted cash and investments were $0, long-term restricted cash and investments were $0, and indebtedness were $0. All these investments are denominated in U.S. dollars. The changes in interest rates don't impact the earnings of the Corporation. A hypothetical decrease in long-term interest rates to zero basis points would not impact annual pre-tax earnings as of September 30, 2016 , assuming no change in the amount or composition of our cash and cash equivalents, short-term and long-term investments and short-term and long-term restricted cash and investments. As of September 30, 2016 , we had $0 in outstanding debt. A hypothetical 100 basis point increase in long-term interest rates would not impact annual pre-tax earnings as of September 30, 2016 , assuming no change in the volume or composition of our outstanding indebtedness and no hedging activity. F oreign Currency Exchange Rate Risk 1. Market Risk for Trading Purpose The Corporation will be using US dollars to trade the spot gold and the spot silver, so the Corporation isn't subject to foreign currency exchange rate risk. 2. Market Risk for Other than Trading Purpose The Corporation will be using US dollars to trade the spot gold and the spot silver, so the Corporation isn't subject to foreign currency exchange rate risk. 3. Credit Risk We are exposed to credit risk in our operations in the event of a brokerages default. We limit our exposure to credit risk by rigorously selecting the brokerages with which we make our trading. An ongoing review is performed to evaluate changes in the status of brokerages. In addition to the intrinsic creditworthiness of brokerages. For a summary of the risks associated with this investment activity and how these risks are mitigated, see "Risk Factors" in the registered statement. Impact of Inflation We have not been adversely affected by inflation when we are trading the spot gold and the spot silver. In the event of inflation, we believe that we will be able to pass on any price increases to our business, as the prices that we charge are not governed by long-term contracts. Evaluation of Disclosure Controls and ProceduresIt isn't applicable! 21 Back to Table of Contents Changes in Internal Controls over Financial Reporting and StatementChanges in and Disagreements with Accountants on Accounting and Financial Disclosure: 1. Jian Roger Qian Wang, CPA who was our former Independent Accountant was engaged as the principal Accountant to audit our financial statements has been dismissed. i. The former independent Accountant was dismissed on October 15, 2016. ii. The former principal Accountant's report on the Company's last two years of financial statements did not contain an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope, or accounting principles. iii. The decision to change Independent Accountants was approved by the board of directors. iv. The reason for dismissal of the former Independent Accountant are as follows: - The request for audit fees be increased substantially without any merit several times during the audit engagement. - The lack of communication and untimely response to inquiries from his firm - The limited experience of auditing a trading Company became apparent as the engagement progressed. 2. Rizwan Ahmed, CPA P.C. is the successor Independent Accounting Firm that has been engaged as the principal Accountant to audit our Company's financial statements with the starting date of October 15,2016. i. We have consulted the newly engaged Independent Accountant regarding the issues of the former Independent Accountant, and the new Independent Accountant suggested orally that he would review or re-audit the financial statements as he felt that there were required disclosures missing and some financial adjustments that need be made to be in conformity with generally accepted accounting principles. The Independent Accountant advised that he would issue the Auditor's consent letter upon the successful completion of the financial statement audit and he also advised that any unused portion of the retainer charged by the previous Independent Accountant should be refunded. ii. The newly engaged Independent Accountant didn't express his views in writing. iii. I attempted to discuss the issues with the former Independent Accountant, however, we did not reach an agreement for the substantial increase in fees and therefore no resolution was achieved. iv. I will send the disclosures required by this item 304(s) to the newly engaged Independent Accountant before it is filed with Security Exchanged Commission. 3. I will send the disclosure required by this Item 304(a) to the former Independent Accountant before it is filed with the Security Exchange Commission, and I will request that the former Independent Accountant to furnish a letter addressed to the Security Exchange Commission stating whether it agrees with the statements made by us in response to this item 304(a) and, if not, stating the respects in which it does not agree. We will file the former Independent Accountant's letter as an exhibit to the report on registration statement containing this disclosure. If the former Independent Accountant's letter is unavailable at the time of filing such report or registration statement, then we will request that the former Independent Accountant to provide the letter as promptly as possible so that we can file the letter with the Security Exchange Commission within ten business days after the filing of the report or registration statement. Directors, Executive Officers, Promoters and Control Persons1. Mr. Wanjun Xie will charge all managing affairs, operation affairs and financial affairs. An Accountant Service Agency will assist part of the Corporation's financial management affairs and all reporting Taxes affairs. Number of Directors: One. Director name: Mr. Wanjun Xie Mr. Wanjun Xie is the promoter and control person. Name: Wanjun Xie Title: President Age: 49 Office Street Address: 6112 228th Street, 1st Fl, NY11364 Telephone No.: (646) 508-6285 Employers during past five years: Name of employers: China Democracy Party Foundation Title: president Start date of position held: May, 2001 Job responsibilities: charge all affairs. Education: Degrees: bachelor Schools: Beijing Agriculture Engineer University (in China) Date: 09/1987-06/1991 Now, Wanjun Xie will continue to charge all affairs of China Democracy Party Foundation, but they are volunteers to work for China Democracy Party Foundation. Wanjun Xie continues to be employed by China Democracy Party Foundation, but he don't receive salaries from CDPF. All his income came from his self-employed, so Wanjun Xie is self-employed now. Principal Business of China Democracy Party Foundation (CDPF) CDPF is a not-for-profit organization in U.S.A. CDPF is trying to work for democracy, freedom, fairness and justice in China. CDPF is trying to bring the value view and the politic system of U.S.A . to China. CDPF is trying to build a multi-party political system in China in the future. 2. The business experiences of Wanjun Xie during the past five years: (1). Name: China Democracy Party Foundation Inc Principal business: No-for-profit, promoting democracy, freedom and human right in China. Wanjun Xie is president of China Democracy Development Foundation Inc. (2). Name: China Democracy Development Foundation Inc Principal business: No-for-profit, promoting democracy, freedom and human right in China. Wanjun Xie is president of China Democracy Development Foundation Inc. (3). Name: American Quickclean Inc Principal business: mail boxes service. Wanjun Xie is a director and manager of American Quickclean Inc. (4). Name: Lansdale Inc Principal business: holding company Wanjun Xie is a director and president of Lansdale Inc. (5). Name: Larison Inc Principal business: holding company Wanjun Xie is a director and president of Larison Inc. (6). Name: Blueville Inc Principal business: managing service Wanjun Xie is a director and president of Blueville Inc. (7). Name: Lemont Inc Principal business: engaging in trading the spot gold and the spot silver in United Kingdom's market, and engnging in trading the foreign exchange. Wanjun Xie is a director and president of Lemont Inc. (8). Name: Landbay Inc Principal business: engaging in trading the spot gold and the spot silver in Canada's market. Wanjun Xie is a director and president of Landbay Inc. (9). Name: Linton Inc Principal business: engaging in trading the spot gold in Switzerland's market. Wanjun Xie is a director and president of Linton Inc. (10). Name: Dewriver Inc Principal business: engaging in trading the spot silver in Switzerland's market. Wanjun Xie is a director and president of Dewriver Inc. (11). Name: Achison Inc Principal business: engaging in trading the spot gold and the spot silver in Singapore's market. Wanjun Xie is a director and president of Achison Inc. 22 Back to Table of Contents 3. Wanjun Xie's promoters experience with other filers including filers that have and have not become qualified or effective: (1). Name: Lemont Inc CIK: 0001617216 The filer has become qualified. Principal business: engaging in trading the spot gold and the spot silver in United Kingdom's market, and engaging in trading the foreign exchange. Wanjun Xie is a director and president of Lemont Inc. (2). Name: Landbay Inc CIK: 0001627572 The filer has not become effective. Principal business: engaging in trading the spot gold and the spot silver in Canada's market. Wanjun Xie is a director and president of Landbay Inc. (3). Name: Linton Inc CIK: 0001667790 The filer has not become effective. Principal business: engaging in trading the spot gold in Switzerland's market. Wanjun Xie is a director and president of Linton Inc. (4). Name: Achison Inc CIK: 0001672571 The filer has not become effective. Principal business: engaging in trading the spot gold and the spot silver in Singapore's market. Wanjun Xie is a director and president of Achison Inc. (5). Name: Dewriver Inc Dewriver Inc will file a registering statement. Principal business: engaging in trading the spot silver in Switzerland's market. Wanjun Xie is a director and president of Achison Inc. 4. The conflicts of interest with Wanjun Xie managing companies that are engaged in the same business: Wanjun Xie is managing Landbay Inc, Achison Inc, Lemont Inc, Linton Inc and Dewriver Inc. All these companies are engaging in trading the spot gold and/or the spot silver. There are the inherent conflicts of interest with Wanjun Xie managing companies that are engaged in the same industry. This is a risk factor. 5. The reason that we are setting up several companies in same industry: (1). Several companies, which Wanjun Xie is managing, are in same industry, but all these companies will do businesses in different markets. Because all these companies are doing businesses in different markets, so the investors can choice to invest in one or more companies which are in different markets. It will disperse and reduce the risk of all investors. (2). If we set up only one company, we must assemble almost our capital in one company. If the price of the spot gold and the spot silver will fall more than 50% within a short time, this company will fall into a crisis situation, and their holding companies (parents companies) won't have enough funds to rescue this company. Because we set up several companies in same industry, we will split all our capital into several portions, and put each portion capital into each our companies, then each our companies will have a smaller capital. If the price of the spot gold and the spot silver will fall more than 50% within a short time, each our companies will fall into a crisis situation, but their holding companies (parents companies) will have enough funds to rescue all these companies one by one. It will reduce the entire risk of each our companies in same industry. 6. Our company will handle the conflicts of interest with Wanjun Xie managing companies that are engaged in the same industry: (1). All our companies, which are engaging in same industry, will do businesses in diffrent market. Landbay Inc is engaging in trading the spot gold and silver in Canada's markets; Achison Inc is engaging in trading the spot gold and silver in Singapore's markets; Lemont Inc is engaging in trading the spot gold and silver in United Kingdom's markets; Linton Inc is engaging in trading the spot gold in Switzerland's markets; Dewriver Inc is engaging in trading the spot silver in Switzerland's markets. Now, Landbay Inc start to buy and sell the spot gold and the spot silver in Canada's markets. All positions, which Landbay Inc bought in other markets before, will be sold in the future, and after then Landbay Inc will trade gold and silver in Canada's markets only. (2). All our companies, which are engaging in same industry, won't have any businesses each other. 7. Wanjun Xie prior experience in the spot gold and spot silver trading markets: (1). Wanjun Xie has found some special trading ways, and he believes that he can achieve about 3%-5% Annual Average Assets Return with low risk when he is trading the spot gold, the spot silver, the spot platinum, the spot palladium, the foreign currencies exchange and stocks by using these special trading ways. But he won't guarantee to achieve about 3%-5% Annual Average Assets Return with low risk when he will be trading the spot gold and the spot silver. (2). Wanjun Xie has been testing these special trading ways for more than two years by trading the foreign currencies exchange. Now, he believe that he has finished his testing for trading the foreign currencies exchange, and he believe that the testing experiences can be used to trade the spot gold and the spot silver. (3). Since Febuary, 2016, Wanjun Xie has been testing these special trading ways by trading the spot gold and the spot silver. Now, he believe that he has finished his testing for trading the spot gold and the spot silver. 8. Wanjun Xie's experience in running a public company: The public company: Lemont Inc CIK: 0001617216 Stock's Symbol: LEMT Wanjun Xie is the founder of Lemont Inc, and he is director and president of Lemont Inc. 23 Back to Table of Contents Executive CompensationThe Corporation is a small corporation, so the Corporation doesn't have any executive compensation. We confirm that there has been no compensation awarded to, earned by, or paid to any named executive officers or directors for the periods covered in the financial statements included in the amended filing. prior experience in the spot gold and spot silver trading markets Security Ownership of Certain Beneficial Owners and managementThe Corporation didn't issue any securities, so it isn't applicable! Certain Relationships and Related Transactions1. As of September 30, 2016, the company received $2,200 from its incoporator to use for investment, the company treat it as additional paid in capital. The incoporator used $1,950 from the company's bank account as of September 30, 2016. Transactions with related persons: (1). Wanjun Xie was the related person, and he was the incoporator of the Corporation. (2) Wanjun Xie didn't have interest in the transaction with the registrant. Wanjun xie was president of the Corporation. (3) The approximate dollar value of the amount involved in the transaction was $2,200. (4) The approximate dollar value of the amount of Wanjun Xie's interest in the transaction was $0. (5) This wasn't a case of indebtedness. Promoters and certain control persons. (1) . The Corporation didn't file a registration statement on Form S-1 under the Securities Act or on Form 10 under the Exchange Act during the past five fiscal years shall. (2). The Corporation isn't a shell company. A list of all parents of the smaller reporting company showing the basis of control: Wanjun Xie is incoporator of the Corporation, but the Corporation didn't issue any securities. 2. The relationship between Wanjun Xie with Larison Inc: (1). The name of the related person is Larison Inc. Wanjun Xie is director and officer of the Corporation, at same time, Wanjun Xie is director and officer of Landbay Inc. (2). Larison Inc didn't buy any securities of Landbay Inc before. After the registering in SEC will be effective, Larison Inc will purchase 93,000,000,000 Class A common shares of Landbay Inc, it will be about 93% shares of Landbay Inc. Larison Inc will pay the purchase by cash. (3). Now, the approximate dollar value of the amount involved in the transaction is $0. (4). Now, The approximate dollar value of the amount of Larison Inc's interest in the transaction is $0. (5). This won't In the case of indebtedness. Promoters and certain control persons. (1) . The Corporation didn't file a registration statement on Form S-1 under the Securities Act or on Form 10 under the Exchange Act during the past five fiscal years shall. (2). The Corporation isn't a shell company. A list of all parents of the smaller reporting company showing the basis of control: Wanjun Xie is incoporator of the Corporation, but the Corporation didn't issue any securities. The material terms of agreement: Larison Inc will continue to raise funds by any ways, and continue to support the Corporation by granting funds or making loans without interest. 3.The relationship between Mr. Xie with Blueville Inc Transactions with related persons: (1). The name of the related person is Blueville Inc. Blueville Inc is the managing company of the Corporation. Wanjun Xie is director and officer of the Corporation, at same time, Wanjun Xie is director and officer of Landbay Inc. (2). Blueville Inc. will pay all managing expenditures, all office expenditures and all service expenditures of the Corporation. The Corporation will pay its 10% income before taxes to Blueville Inc, to be its managing fees. Then, the Corporation will be maximum to reduce its operation cost, especial the Corporation is in the micro-capital stage and the small capital stage. (3). The approximate dollar value of the amount involved in the transaction is $25,000. (4). The approximate dollar value of the amount of Blueville Inc's interest in the transaction is $0. (5).Now, there aren't any indebtedness between the Corporation and Blueville Inc. Promoters and certain control persons. (1) . The Corporation didn't file a registration statement on Form S-1 under the Securities Act or on Form 10 under the Exchange Act during the past five fiscal years shall. (2). The Corporation isn't a shell company. A list of all parents of the smaller reporting company showing the basis of control: Wanjun Xie is incorporation of the Corporation, but the Corporation didn't issue any securities. The material terms of agreement: (6). The material terms of agreement: Blueville Inc. will pay all managing expenditures, all office expenditures and all service expenditures of the Corporation. The Corporation will pay its 10% income before taxes to Blueville Inc, to be its managing fees. 24 Back to Table of Contents Disclosure of Commission Position on Indemnification for Securities Act LiabilitiesInsofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director or officer of ours in the successful defense of the action, suit or proceeding) is asserted by the director or officer in connection with securities which may have been registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court or appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issues. PART II - INFORMATION NOT REQUIRED IN PROSPECTUS Other Expenses of Issuance and DistributionThis is the table that sets out the nature of all offering expenses. |