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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~March~~June 3130, 2021

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

EXCHANGE ACT

Commission File Number: 333-100046

CHUN CAN CAPITAL GROUP

(Exact name of registrant as specified in its charter)

Nevada		52-2360156
(State or other jurisdiction of incorporation or organization)		(IR.S. Employer Identification No.)
7323 Oswego Road
Liverpool, N.Y.		13090
Liverpool, NY		13090
(Address of principal executive offices)		(Zip Code)

(315)451-7515

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the 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 and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files) ☒ Yes ☐ No

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

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated ~~filer~~ Filer☐ (Do not check if a smaller reporting company) 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 ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes ☐ No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 220,033,011 shares of common stock as of ~~May~~August 2513, ~~2021~~2020.

TABLE OF CONTENTS


PART I

Item 1	Financial Statements	4
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3	Quantitative and Qualitative Disclosures About Market Risks	13
Item 4	Controls and Procedures	13

PART II

Item 1	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3	Default Upon Senior Securities	16
Item 4	Mine Safety Disclosure	16
Item 5	Other Information	16
Item 6	Exhibits	17

SIGNATURES		18

PART 1 FINANCIAL STATEMENTS

CHUN CAN CAPITAL GROUP

FINANCIAL STATEMENTS

FOR THE FISCAL QUARTER ENDED ~~MARCH~~JUNE 3130, 2021

C O N T E N T S

Consolidated Balance Sheets (Unaudited)			5

Consolidated Statements of Operations (Unaudited)			6

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited)			7

Consolidated Statements of Cash Flows (Unaudited)			8

Notes to the Financial Statements (Unaudited)			9

CHUN CAN CAPITAL GROUP
CONDENSED CONSOLIDATED BALANCE SHEETS
MARCH 31, 2921 AND DECEMBER 31, 2020 (Unaudited)
			March 31,	December 31,
			2021	2020
			(Unaudited)
ASSETS
Current Assets
	Cash and cash equivalents		$ -	$ -
		Total current assets	-	-
Total assets			$ -	$ -
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
	Accounts payable		27,361	26,361
	Accounts payable - related		31,873	31,873
		Total current liabilities	59,234	58,234
		Total Liabilities	59,234	58.234
Stockholders' deficit
	Preferred stock: par value $0.001 per share, 30,000,000
	Shares authorized, none issued and outstanding		-	-
	Common stock: par value $0.001 per share, 270,000,000
		shares authorized; 220,033,011 and 33,011 shares issued
		and outstanding	220,033	220,033
	Additional paid-in capital		20,458,967	20,458,967
	Accumulated deficit		(20,738,234)	(20,737,234)
		Total stockholders' deficit	(59,234)	(58,234)
Total liabilities and stockholders' deficit			$ -	$ -
See accompanying notes to financial statements.

CHUN CAN CAPITAL GROUP
(formerly CINTEL CORP. AND SUBSIDIARY)
CONDENSED CONSOLIDATED BALANCE SHEETS
JUNE 30, 2021 AND DECEMBER 31, 2020

	June 30,			December 31,
	2021			2020
	(Unaudited)

ASSETS
Current assets:
Cash and cash equivalents	$	-		$	-
Total current assets		-			-

Total current assets	$	—		$	—


LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current liabilities:
Accounts payable		26,361			26,361
Accounts payable- related		40,787			31,873
Total current liabilities		67,148			58,234

Total liabilities		67,148			58,234

Stockholders' deficit:
Preferred stock: par value $0.001 per share, 30,000,000
shares authorized, none issued and outstanding		—			—
Common stock: par value $0.001 per share, 270,000,000
shares authorized, 220,033,011 and 33,011 shares issued
and outstanding		220,033			220,033
Additional paid-in capital		20,458,967			20,458,967
Accumulated deficit		(20,746,148	)		(20,737,234	)
Total stockholders' deficit		(67,148	)		(58,234	)

Total liabilities and stockholders' deficit	$	—		$	—

See accompanying notes to unaudited financial statements.

CHUN CAN CAPITAL GROUP
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED MARCH 31, 2021 AND 2020
(Unaudited)
			For the Three Months Ended
			March 31,
			2021	2020
Revenues			$ -	$ -
Operating expenses:
	General and administrative		1,000	29,134
		Total operating expenses	1,000	29,134
Loss from operations			(1,000)	(29,134)
Other income (expense)
	Interest expenses		-	-
		Total other expense	-	-
Income (loss) before income taxes			(1,000)	(29,134)
Income tax expense			-	-
Net loss			$ (1,000)	$ (29,134)
Income (loss) per share - basic and diluted			$ (0.00)	$ (0.88)
Weighted average number of common shares outstanding–basic and diluted			220,033.011	33,011
See accompanying notes to financial statements.

CHUN CAN CAPITAL GROUP

(formerly CINTEL CORP. AND SUBSIDIARY)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND 2020

(Unaudited)


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2021			2020			2021				2020


Net Revenues	$	—		$	—		$	—		$	—

Operating expenses:
General and administrative expenses		7,914			500			8,914			29,634
Total operating expenses		7,914			500			8,914			29,634

Loss from operations		(7,914	)		(500	)		(8,914	)		(29,634)

Other expenses:
Interest expense		—			—			—			—
Total other expenses		—			—			—			—

Income (loss) before income taxes		(7,914	)		(500	)		(8,914	)		(29,634)

Income tax expense		—			—			—			—

Net loss	$	(7,914	)	$	(500	)	$	(8,914	)		$(29,634)

Income (loss) per share – basic and diluted:	$	(0.00	)	$	(0.00	)	$	(0.00	)		$(0.00)

Weighted average number of
Weighted average number of common shares outstanding - basic and diluted		220,033,011			220,033,011			220,033,011			160,475,000


See accompanying notes to unaudited financial statements.

CHUN CAN CAPITAL GROUP
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2021 AND 2020
(Unaudited)
		For the Three Months Ended
		March 31,
		2020	2019
Cash flows from operating activities:
Net income (loss)		$ (1,000)	$ (29,134)
Adjustments to reconcile net loss to net cash
	provided by (used in) operating activities
Increase (decrease) in liabilities
	Accounts payable	1,000	16,889
	Accounts payable - related party	-	12,245
Cash provided by (Used in) Operating Activities		-	-
Cash flows from investing activities:
Cash provided by in Investing Activities		-	-
Cash flows from financing activities:
Proceeds from motes payable		-	-
Principal payments of notes payable		-	-
Cash used in financing activities		-	-
Net decrease in cash and cash equivalent		-	-
Cash and cash equivalent - beginning of period		-	-
Cash and cash equivalent - end of period		$ -	$ -
Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for:
	Interest	$ -	$ -
	Income taxes	$ -	$ -
Non-cash financing activities:
	Conversion of payables to common stock	$ -	$ 10,000
See accompanying notes to financial statements.

CHUN CAN CAPITAL GROUP
(formerly CINTEL CORP. AND SUBSIDIARY)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND 2020
(Unaudited)

			Additional
	Common stock		Paid-in	Accumulated
	Shares	Amount	Capital	Deficit	Total
Balance, December 31, 2020	220,033,011	$ 220,033	$ 20,458,967	$ (20,737,234)	$ (58,234)
Shares issued to cover payable
Shares issued to cover payable,shares

Net loss	-	-	-	(1,000)	(1,000)

Balance, March 31, 2021	220,033,011	220,033	20,458,967	(20,738,234)	(59,234)

Net loss	-	-	-	(7,913)	(7,913)

Balance, June 30, 2021	220,033,011	$ 220,033	$ 20,458,967	$ (20,746,147)	$ (67,148)


Balance, December 31, 2019	33,011	$ 33	$ 20,668,967	$ (20,669,000)	$ -

Shares issued to cover payable	220,000,000	220,000	(210,000)		10,000

Net loss	-	-	-	(29,134)	(29,134)

Balance, March 31, 2020	220,033,011	220,033	20,458,967	(20,698,134)	(19,134)

Net loss	-	-	-	(500)	(500)

Balance, June 30, 2020	220,033,011	$ 220,033	$ 20,458,967	$(20,698,634)	$ (19,634)

See accompanying notes to unaudited financial statements.

CHUN CAN CAPITAL GROUP
CINTEL CORP. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2021 AND 2020
THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND 2020
(Unaudited)
			Additional
		For the Six Months Ended
	Common Stock		Paid-in	Accumulated
		June 30,
	Shares	Amount	Capital	Deficit	Total
Balance, December 31, 2020	220,033,011	$220,033	$ 20,458,967	$ (20,737,234)	$ (58,234)
Net loss	-	-	-	(1,000)	(1,000)
Balance, March 31, 2021	202,033,011	$220,033	$ 20,458,967	$ (20,738,234)	$ (59,234)
Balance, December 31, 2019	33,011	$ 33	$ 20,668,967	$ (20,669,000)	$ -
Shares issued to convert payable	220,000,000	220,000	(210,000)	-	10,000
Net loss	-	-	-	(29,134)	(29,134)
Balance, March 31, 2020	220,033,011	$220,033	$ 20,458,967	$ (20,698,124)	$ (19,134)
See accompanying notes to financial statements

	2021			2020
Cash flows from operating activities:
Net income (loss)	$	(8,914	)	$	(29,634	)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
Increase (decrease) in liabilities:
Accounts payable		—			17,389
Accounts payable- related		8,914			12,245
Cash provided by (used in) operating activities		—			—

Cash flows from investing activities:
Cash provided by investing activities		—			—

Cash flows from financing activities:
Proceeds from notes payable		—			—
Principal payments of notes payable		—			—
Cash used in financing activities		—			—

Net decrease in cash and cash equivalent		—			—
Cash and cash equivalent - beginning of period		—			—

Cash and cash equivalent - end of period	$	—		$	—

Supplemental Disclosure of Cash Flows Information:
Cash paid during the year for:
Cash paid during the year for: Interest	$	—		$	—
Cash paid during the year for: Income taxes	$	—		$	—

Non-cash financing activities:
Conversion of payables to common stock	$	10,000		$	—

See accompanying notes to unaudited financial statements.

CHUN CAN CAPITAL GROUP

(formerly CINTEL CORP. AND SUBSIDIARY)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2021

Note 1 – Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Chun Can Capital Group (formerly Cintel Corp.) (the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In management’s opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments), necessary to state fairly the financial information included herein.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make judgments, estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Actual results may differ materially from these estimates. In addition, any changes in these estimates or their related assumptions could have a materially adverse effect on the Company's operating results.

These unaudited condensed consolidated financial statements include the accounts of the Company and its wholly- owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. While the Company believes that the disclosures are adequate to make the information not misleading, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, ~~2020~~2019.

Going Concern

The Company’s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company is a non-operating shell company which has experienced recurring operating losses and has.an accumulated deficit. These conditions raise uncertainty about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements.

The Company’s ability to continue as a going concern is contingent upon its ability to secure additional financing, increase sales of its product and attain profitable operations. It is the intent of management to continue to raise additional funds to sustain operations and to pursue acquisitions of operating companies in order to generate future profits for the Company. Although the Company plans to pursue additional equity financing, there can be no assurance that the Company will be able to secure financing when needed or obtain such on terms satisfactory to the Company, if at all.

The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

Note 2 - Income Taxes

The corporate tax rates is 21%. The Company provided a valuation allowance equal to the deferred tax amounts resulting from the tax losses in the United States, as it is not likely that they will be realized.

CHUN CAN CAPITAL GROUP

(formerly CINTEL CORP. AND SUBSIDIARY)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2021

Note 2 - Income Taxes (Continued)

The U.S. tax losses can be carried forward for 15 to 20 years to offset future taxable income and expire beginning in years 2020 ~~to 2029~~. The Company had net operating losses of $20,~~738~~746,~~000~~148 at ~~March~~June 3130, 2021.

The provision for income taxes for the ~~three~~six months ended ~~March~~June 3130, 2021 and 2020 are summarized as follows:

	2021			2020
Income tax – current	$	(~~210~~6,237	)	$	(6,~~118~~223)
Income tax – deferred		~~210~~6,237			~~6,118~~6223
	$	-		$	-

The Company has deferred tax assets (liabilities) at ~~March~~June 3130, ~~2020~~2021 and December 31, ~~2019~~2020 as follows:

	2021			2020

Net operating loss carryforwards	$	4,355,000		$	4,355,000
Valuation allowance		(4,355,000	)		(4,355,000	)
	$	-		$	-

Note 3 – Capital Stock

The Company did not issue any shares of capital stock during the three months ended ~~March~~June 3130, 2021.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Forward Looking Statements

This section and other parts of this Form 10-Q quarterly report includes "forward-looking statements", that involves risks and uncertainties. All statements other than statements of historical facts, included in this Form 10-Q that address activities, events, or developments that we expect or anticipate will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters, and other such matters are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments as well as other factors that we believe are appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks, uncertainties, and other factors, many of which are beyond our control.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, we do not assume responsibility for the accuracy and completeness of such forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this report to conform such statements to actual results.

Overview

Chun Can Capital Group (the "Company", "we", or "us") was incorporated under the laws of the State of Nevada on August 16, 1996.

Certain statements contained below are forward-looking statements (rather than historical facts) that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

Our auditors have issued a going concern opinion in the financial statements for the year ended December 31, 2020.

RESULTS OF OPERATIOMS

Working Capital

	March 31,				December 31,
	June 30,				December 31,
	2021				2020
Current Assets		$	-			$	-
Current Liabilities			1967,~~134~~148				-19,634
Working Capital (Deficit)		$	(1967,~~134~~148	)		$	-(19,634)

Cash Flows

	March 31,			March 31,
	June 30,			June 30,
	2021			2020
Cash Flows from (used in) Operating Activities		$	-		$	-
Cash Flows from (used in) Financing Activities			-			-
Net Increase (decrease) in Cash During Period		$	-		$	-

Operating Revenues

We have generated revenues of $0 for the three months and six ended ~~March~~June 3130, 2021 and $0 for the three months and six months ended ~~March~~June 3130, 2020.

Operating Expenses and Net Loss

Operating expenses for the three months ended ~~March~~June 3130, 2021 were $17,~~000~~913.00 compared with $~~29,134~~500.00 for the three months ended ~~March~~June 3130, 2020. Operating expenses for the three months ended March 31, 2021 consisted of general and administrative expenses of $17,~~000~~913.00 compared to $~~29,134~~500.00 for the three months ended ~~March~~June 3130, ~~2020~~2019.

~~During~~Operating expenses for the ~~three~~six months ended ~~March~~June 3130, 2021 were $8,914.00 compared with $29,634.00 for the ~~Company~~six ~~recorded~~months aended ~~net~~June ~~loss~~30, of2020. Operating ~~($1~~expenses for the six months ended June 30,~~000)~~ ~~compared~~2021 ~~with~~consisted ~~net~~of ~~loss~~general and administrative expenses of ($8,914.00 compared to $29,~~134)~~634.00 for the ~~three~~six months ended ~~March~~June 3130, 2020.

During the three months ended June 30, 2021, the Company recorded a net loss of ($7,913.00) compared with net loss of ($500.00) for the three months ended June 30, 2020.

During the six months ended June 30, 2021, the Company recorded a net loss of ($8,914.00) compared with net loss of ($29,634.00) for the six months ended June 30, 2020.

Liquidity and Capital Resources

As atof ~~March~~June 3130, 2021, the Company's cash balance was $0 compared to cash balance of $0 at ~~March~~June 3130, 2020. As of ~~March~~June 3130, 2021, the Company's total assets were $0 compared to total assets of $0 as at ~~March~~June 3130, 2020.

As of ~~March~~June 3130, 2021, the Company had total liabilities of $5967,~~234~~148.00 compared with total liabilities of $58,234 as atof ~~March~~yearend December 31, 2020. Liabilities for the ~~three~~six months ended ~~March~~June 3130, 2021 consisted of accounts payable of $2726,361.00 compared to $26,361 for the ~~three~~yearend ~~months~~December ~~ended March~~ 31, 2020; and accounts payable – related of $3140,~~873~~787.00 compared to $31,873 for the ~~three~~yearend ~~months~~December ~~ended March~~ 31, 2020.

Cashflow from Operating Activities

During the ~~three~~six months ended ~~March~~June 3130, 2021 the Company used $0 of cash for operating activities compared to the use of $0 of cash for operating activities during the ~~three~~six months ended ~~March~~June 3130, 2020.

Cashflow from Financing Activities

During the ~~three~~six months ended ~~March~~June 3130, 2021 the Company received cash from financing activities of $0 as compared to $0 for the ~~three~~six months ended ~~March~~June 3130, 2020.

Subsequent Developments

~~None~~Noner.

Going Concern

We have not attained profitable operations and are dependent upon the continued financial support from our shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from our future business. These factors raise substantial doubt regarding our ability to continue as a going concern.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financing

The Company will consider selling securities in the future to fund operations. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our consolidated financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, 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 periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our consolidated financial statements. A complete summary of these policies is included in the notes to our consolidated financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recently Issued Accounting Pronouncements

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

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risk is the risk of loss from adverse changes in market prices and rates. The Company's market risk arises primarily from the fact that the area in which we do business is highly competitive and constantly evolving. The market in which we do business is highly competitive and constantly evolving. We face competition from the larger and more established companies, from companies that have greater resources, including but not limited to, more money, and greater ability to expand their markets also cut into our potential customers. Many of our competitors have longer operating histories, significantly greater financial strength, nationwide advertising coverage and other resources that we do not have.

ITEM 4.

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Based on their evaluation of our disclosure controls and procedures(as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the "Exchange Act"), our principal executive officer and principal financial officer have concluded that as of the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective due to the lack of segregation of duties and lack of a formal review process that includes multiple levels of review to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the identification of a material weakness in our internal control over financial reporting which we view as an integral part of our disclosure controls and procedures. The material weakness relates to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional with accounting expertise. Our CEO/CFO does not possess accounting expertise and our company does not have an audit committee. This weakness is due to the company's lack of working capital to hire additional staff. To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.

Changes in Internal Control over Financial Reporting

Except as noted above, there have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

None

ITEM 1A.

RISK FACTORS

Not Applicable

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4.

MINE SAFETY DISCLOSURE.

/Not Applicable

ITEM 5.

OTHER INFORMATION

~~None~~On September 27, 2019, the District Court for Clark County, Nevada Case No. A-19-799485-C, Dept No. XIV grated the Motion to appoint a Custodian of the Company to Investment Reserve Series Chun Can Capital Group LLC, (hereinafter "Investment Reserve") because as of that date, the Company's management had failed to file required reports with the Secretary of State and failed to hold an annual meeting of stockholders all in violation of N.R.S. 78. As Custodian, Investment Reserve was granted the authorization to take any action on behalf of the Company pursuant to NRS 78-347 that was reasonable, prudent or for the benefit of the Company and in fact took such actions as were appropriate and required. After completing its duties, and successfully reinstating the Company in good standing in the State of Nevada, Investment Reserve was grated an Order of Final Discharge and Enter of Final Notice on October 7, 2020.

Item 6. EXHIBITS

Exhibit 31.1	Certification of the Principal Executive Officer Pursuant to Rule 13A-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 31.2	Certification of the Principal Financial Officer Pursuant to Rule 13A-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.1	Certification of the Principal Executive Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.2	Certification of the Principal Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: May 25, 2021		Chun Can Capital Group
Dated: September 24, 2021		Chun Can Capital Group
		By: /s/Zoliwe Macanda Simbodyal
		Zoliwe Macanda Simbodyal, Chief Executive Officer (Principal executive officer)
		Zoliwe Macanda Simbodyal, Chief Executive Officer
Dated: May 25, 2021		Chun Can Capital Group
Dated: September 24, 2021		Chun Can Capital Group
		By: /s/Clara I. Gomez
		Clara I. Gomez, President & Chief Financial Officer (Principal financial Officer)
		Clara I. Gomez, Chief Financial Officer

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