UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2016~~ 2017

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from [ ] to [ ]

Commission file number 000-50392

TRANSAKT LTD.
(Exact name of registrant as specified in its charter)

Nevada	~~N/A~~33-1221442
(State or other jurisdiction of incorporation or	(I.R.S. Employer Identification No.)
organization)
Unit 8, 3/F. Wah Yiu Industrial Centre, 30-32 Au Pui Wan St. Fotan,
Hong Kong	N/A
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code:	852-52389111

Unit 8, 3/F. Wah Yiu Industrial Centre, 30-32 Au Pui Wan St. Fotan,
Hong Kong	N/A
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: 852-52389111

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

Title of Each Class	Name of Each Exchange On Which Registered
N/A	N/A

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

Common Stock, par value $0.001 per share
(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act.
Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act
Yes [ ] No [X]

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 last 90 days.
Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 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 [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
[ ]

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 definition 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 [ ] Smaller reporting company [ ] (Do not check if smaller reporting company) Emerging growth company [X]

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 [X]

The aggregate market value of Common Stock held by non-restricted of the Registrant on June 30, ~~2016~~2017 was $21,~~776~~753,~~980~~914.7908 based on a $0.~~115~~08 average bid and asked price of such common equity, as of the last ~~business~~ business day of the registrant’s most recently completed second fiscal quarter.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. ~~133,506,570 common shares as of April 17, 2017.~~

133,506,570 common shares as of April 9, 2018.

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

Item 1.	Business	4
Item 1A.	Risk Factors	910
Item 1B.	Unresolved Staff Comments	13
Item 2.	Properties	13
Item 3.	Legal Proceedings	13
Item 4.	Mine Safety Disclosures	13
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	13
Item 6.	Selected Financial Data	1415
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	15
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	2523
Item 8.	Financial Statements and Supplementary Data	2523
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	2219
Item 9A.	Controls and Procedures	2219
Item 9B.	Other Information	2320
Item 10.	Directors, Executive Officers and Corporate Governance	2421
Item 11.	Executive Compensation	2825
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2926
Item 13.	Certain Relationships and Related Transactions, and Director Independence	3128
Item 14.	Principal Accounting Fees and Services	3128
Item 15.	Exhibits, Financial Statement Schedules	3330

PART I

Item 1.

Business

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors”, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this annual report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this current report and unless otherwise indicated, the terms "we", "us" and "our" mean TransAKT Ltd., a Nevada corporation, and our wholly owned subsidiary, TransAKT Bio Agritech Ltd.in Hong Kong (S.A.R), unless otherwise indicated.

General Overview

Our company was incorporated in the Province of British Columbia on December 10, 1996 as Green Point Resources Inc. On October 18, 2000, we changed our name to Wildcard Wireless Solutions Inc. On June 30, 2001, we filed Articles of Continuance in the Province of Alberta and became an Alberta corporation. On that same day, we conducted an amalgamation with Wildcard Communications Canada Inc., an Alberta corporation, our wholly-owned subsidiary, wherein Wildcard Communications Canada was merged into Wildcard Wireless Solutions Inc. On June 20, 2003, we changed our name to TransAKT Corp. We changed our name from TransAKT Corp. to TransAKT Ltd. on July 12, 2006. Effective December 2, 2011, following approval by our shareholders on November 17, 2011, we re-domesticated our company from the Province of Alberta, Canada and became a Nevada corporation.

We have operated principally as a research and development company since our inception. Initial seed capital has been directed toward areas of product research and development, patent filings and administration. We initially focused on the research, design, development and manufacturing of mobile payment terminals. However, the sale of these payment terminals reached its end-of-life due to changes in cellular phone regulations and limited acceptance in the marketplace.

In October 2004, we purchased the existing business and certain assets of IP Mental Inc., a Taiwan-based Voice over Internet Protocol (“VoIP”) hardware and software provider. On November 15, 2006, we acquired Taiwan Halee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to enable us to remain competitive in the marketplace by engaging in the design, development, manufacturing and sale of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems.

On November 15, 2006, we acquired HTT, for the sum of USD$5,000,000. The purchase price was paid by the delivery to the shareholders of HTT of: (i) USD$200,000 in cash; (ii) USD$300,000 in a promissory note from us due in cash six months after closing; (iii) 50,000,000 of our common voting shares, with a deemed value of USD$0.09 per share; and (iv) 5,000,000 of our common voting shares issued to our president and chief executive officer, Mr. James Wu, as performance-based compensation. We have mainly financed our operations through the use of debt and the issuance of equity in private placements. In October 2006, we repaid a loan that we had taken against inventory produced to fund our first commercial run of our payment terminals. We settled the loan for USD$90,000 using funds raised from the private placement of our shares. We continue to finance our operations through debt or equity financing and intend to do so until our sales are sufficient to fund ~~our~~ our operations,

On August 12, 2010, we filed a Form S-4 Registration Statement in connection with the continuation of our company from Alberta to Nevada. We registered 102,645,120 shares of common stock of TransAKT Ltd. (Nevada) which were issued to the shareholders of TransAKT Ltd. (Alberta) on a one-for-one basis to the number of shares held by them.

Effective June 25, 2012, the Nevada Secretary of State accepted for filing of a certificate of amendment, wherein, we amended our articles of incorporation to increase the authorized number of shares of our common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0.001 per share. Our preferred stock remains unchanged.

On May 3, 2012, we entered into an Asset Purchase and Sale Agreement with Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, pursuant to which we intended to acquire the material assets of Vegfab. Vegfab is in the business of manufacturing innovative indoor agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Prior to completion of the transaction we and Vegfab elected instead to proceed by way of a share purchase and, effective July 16, 2012, we acquired all outstanding securities of Vegfab. In consideration of the Vegfab securities, we had paid $1,000,000 in cash and issued 150,000,000 shares of our common stock to the shareholders of Vegfab which constituted approximately 37.2% of our common stock at the time of closing. As a result of the transaction Vegfab became our wholly owned subsidiary and primary business unit. Vegfab has since become engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables.

Previously, we entered into a performance compensation agreement dated June 15, 2006 with James Wu, our president and chief executive officer, pursuant to which our company was required to pay Mr. Wu share compensation of 10% of the value of any venture acquisition that Mr. Wu secured for our company. As a result, in July 2012, we issued to Mr. Wu 18,333,333 shares of our company’s common stock with respect to the acquisition of Vegfab.

On January 4, 2013, we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of all issued and outstanding securities in our wholly owned subsidiary HTT. In consideration of the sale of HTT, Mr. Pan has transferred to our company 45,000,000 previously issued common voting shares of our company with a deemed value of $0.04 per share or $1.8 million in the aggregate. The transfer of common shares was completed on January 7, 2013. In connection with the sale HTT, the 45,000,000 common shares of our company received as consideration will be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of our company’s currently issued and outstanding common stock.

On October 30, 2013, Million Talented Ltd., a related party 50% owned by the Company’s president and director, contributed $516 (equals to HKD 4,000) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business. On May 6, 2015, the Company acquired the remaining 40% of the TransAKT H.K. from Million Talented Ltd. As such, The Company wholly owned its subsidiary of TransAKT BIO Agritech Ltd. And it becomes our primary business unit.

On June 30, 2015, our wholly owned subsidiary, TransAKT Taiwan Ltd., entered into a Share Transfer Agreement among Vegfab Agricultural Technology Co. Ltd. and a third party pursuant to which the third party acquired 100% of of Vegfab Agricultural Technology Co. Ltd. in consideration of $100,000. Vegfab Agricultural Technology Co. Ltd. was the sole material asset of TransAKT Taiwan Ltd. and its parent company (and subsidiary of the Company), TransAKT Holdings Ltd., a Turks and Caicos company. Subsequent to the sale of Vegfab Agricultural Technology Co. Ltd., pursuant to a Share Purchase Agreement dated June 30, 2015 with the Company’s former President, Chief Executive Officer and Director, the Company sold TransAKT Holdings Ltd. (and its subsidiary, TransAKT Taiwan Ltd.) to the former (non-affiliated) officer and director in consideration of $100,000. All intercompany debts between TransAKT Holdings Ltd. and the formerly affiliated companies were cancelled as a result of the transaction.

A 20 to 1 reversed stock split was approved by the Board of Directors on November 9, 2015, by majority of shareholders on April 1, 2016, by FINRA on June 20, 2016 and effective on June 23, 2016. The issued and outstanding common stock was consolidated from 613,447,306 to 30,672,404 with fractional share round up to 1 share.

Overview of our Operations

We began operations in 1997 and commercialized our first product line of wireless point-of-sale (“WPOS”) terminals in April 2003. With the use of cellular phones, these terminals allow merchants to accept payments anywhere, anytime. However, our WPOS terminals were discontinued due to changes in cellular phone regulations and limited acceptance in the marketplace. In October 2004, through the acquisition of the business and certain assets of IP Mental Inc., we entered the VoIP business. On November 15, 2006, we acquired Taiwan Halee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to enable us to remain competitive in the VoIP marketplace by engaging in the design, development, manufacturing and sale of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems.

Effective July 16, 2012, we acquired all outstanding securities of Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, With the acquisition of Vegfab we entered the business of manufacturing ~~agricultural~~ agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Vegfab subsequently became engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables.

Concurrently with our acquisition of Vegfab, our management began planning our exit from the VoIP telecommunications business owing to diminishing growth opportunities for our Company in that industry. Subsequently, on January 4, 2013, we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of all issued and outstanding securities in our wholly owned subsidiary HTT in consideration for the cancellation and return to treasury of 45,000,000 previously issued common voting shares of our company with a deemed value of $0.04 per share or $1.8 million in the aggregate. The transfer of common shares was completed on January 7, 2013. On September 27, 2016, the company cancelled these treasury stocks of 45,000,000 shares amounted to $1.8 million in the aggregate.

As a result of our sale of HTT, Vegfab Agricultural Technology Co. Ltd. became our primary business unit. However, due to recurring losses from operations and in order to conserve operating resources, our management decided to sell the Vegfab on June 30, 2015.

Subsequent to our sale of Vegfab, we continue to be engaged in the sale and distribution of indoor agricultural equipment, including lighting, irrigation and hydroponic growing systems. We purchase inventory from third party manufacturers and re-sell equipment to various indoor agricultural operators located in Asia. Our primary markets are Taiwan, Hong Kong, Mainland China, and Singapore.

We have operating losses of $~~299~~220,~~500~~940 and $~~302~~299,~~934~~500 during the years ended December 31, ~~2016~~2017 and ~~2015~~2016, respectively, and incurred an accumulated deficit of $22,~~129~~350,~~586~~526 and $2122,~~830~~129,~~086~~586 as of December 31, ~~2016~~2017 and December 31, ~~2015~~2016, respectively. In addition, we expect to incur an operating loss in ~~2017~~2018.

Historically, our officers and shareholders have advanced funds to our Company for working capital purposes. We have not entered into any agreement on the repayment terms for these advances. In 2013, the Company advanced funds bearing interest rate of 8% per annum from a shareholder in an aggregate amount of NTD28,780,933, or equivalent to $969,630. The Company has repaid both principal and interest during the same year. The interest expense of $60,765 was recorded under other expense from continuing operations before income taxes. In 2015, the company advanced funds from its officer and shareholder for working capital purpose. The company has not entered into any agreement on the repayment terms for these advances and the balance of the advance has been paid during the year.

On July 15, 2016 we entered into Securities Purchase Agreement with our President, Chief Executive Officer and Director, Ho Kang-Wing, pursuant to which we issued to Mr. Ho a Convertible Promissory Note (the “Note”) in consideration of $1,000,000 in cash proceeds. The Note bears interest at the rate of 8% per annum and may be prepaid in whole or in part without penalty before the maturity date of July 14, 2018. At the option of the Holder, the outstanding principal and accrued interest underlying Note may be converted from time, on or following the maturity date, into common shares of our Company at the price of $0.01 per share.

On February 28, 2017, Mr. Ho Kang–wing (the holder of ~~About~~convertible ~~Our~~promissory ~~Products~~note) elected to convert the entire outstanding amount of the Note into 105,066,666 common shares of the Company including the accumulated interest. Therefore, the issued and outstanding common shares of the Company were increased to 133,506,570 shares at that date.

WeAbout ~~supply indoor agricultural equipment to commercial producers of fruits and vegetables.~~ Our ~~products are focused on fully enclosed greenhouses which rely on artificially controlled ambient conditions as temperature, humidity, nutrition and lighting.~~ Products include complete growing systems consisting of proprietary simulated sunlight LED boards, growing racks in various configurations for commercial and residential applications, environment control and plant nutrition control components, portable work tables and ladders, fruit and vegetable seeds and nutrition products, and safe, clean, ready to eat vegetables.

We supply indoor agricultural equipment to commercial producers ~~Principal~~of fruits and vegetables. Our products are focused on fully enclosed greenhouses which rely on artificially controlled ambient conditions as temperature, humidity, nutrition and lighting. Products include complete growing systems consisting of proprietary simulated sunlight LED boards, growing racks in various configurations for commercial and ~~Markets~~residential applications, environment control and plant nutrition control components, portable work tables and ladders, fruit and vegetable seeds and nutrition products, and safe, clean, ready to eat vegetables.

~~Food~~Principal ~~prices~~Products in Taiwan have risen to such an extent that it is now economical to cultivate plants in under-used residential space (such as garages or basements) or to convert underutilized urban or suburban real estate into vegetable farms or so-called “plant factories”. Urban greenhouse agriculture also offers the potential for greater yield and ~~land~~Markets efficiencies when compared to traditional farming because greenhouses may be stacked to maximize strata-space. Other recognized advantages of greenhouse plant cultivation include lower water consumption, diminished reliance on pest control measures, lower transport costs due to proximity to consumers, and scalability to accommodate available space. Compared to traditional greenhouses, the technology we sell allows for the creation of highly controlled environments where resources that fuel plant growth can be utilized more efficiently. “

~~Despite~~Food ~~all~~prices ~~these~~in ~~advantages,~~Taiwan ~~this~~have ~~new~~risen ~~way~~to ofsuch ~~farming~~an isextent ~~developing~~that ~~slowly~~it ~~and~~is now ~~sporadically,~~economical ~~on a small scale, due~~ to acultivate ~~significant~~plants ~~initial~~in ~~investment~~under-used ~~required~~residential tospace ~~build~~(such ~~and~~as garages ~~equip~~or abasements) ~~greenhouse.~~or ~~Other~~to ~~concerns~~convert ~~include~~underutilized ~~higher~~urban ~~energy~~or ~~costs,~~suburban ~~inadequately~~real estate ~~developed~~into ~~cultivation~~vegetable ~~technology,~~farms aor ~~limited range of crops, and blander~~so-~~tasting~~called ~~vegetables~~“plant ~~than~~factories”. ~~those~~Urban ~~grown~~greenhouse agriculture byalso ~~more~~offers ~~traditional~~the ~~methods.~~potential ~~Despite these drawbacks, demand~~ for ~~quality,~~greater ~~pesticide-free~~yield and ~~accessible~~land ~~produce~~efficiencies when ~~has~~compared ~~already led~~ to ~~the establishment~~traditional offarming ~~plant~~because ~~factories~~greenhouses inmay ~~Japan,~~be ~~mainland~~stacked ~~China~~to maximize ~~and Taiwan~~strata-space. InOther ~~Taiwan,~~recognized ~~where~~advantages ~~our~~of ~~operations~~greenhouse ~~are~~plant cultivation ~~based~~include ~~and~~lower ~~targeted~~water consumption, ~~the~~diminished ~~Industrial~~reliance ~~Technology~~on ~~Research~~pest ~~Institute~~control measures, ~~has~~lower ~~formed~~transport ~~the~~costs ~~Plant~~due ~~Factory~~to ~~Industry~~proximity ~~Development~~to ~~Association~~consumers, ~~(TPFIDA) an industrial~~ and ~~academic association~~ scalability to ~~develop~~accommodate ~~the~~available ~~plant factories and indoor agriculture industry in Taiwan~~space. ~~Among~~Compared ~~the~~to ~~founding~~traditional ~~members of TPFIDA are EPISTAR Corporation~~greenhouses, ~~Everlight~~the technology ~~Electronics,~~we ~~Taiwan~~sell ~~Fertilizer~~allows ~~Co.,~~for ~~Ltd.,~~the ~~National~~creation ~~Pingtung University~~ of ~~Science~~highly ~~and~~controlled ~~Technology,~~environments where ~~and~~resources ~~National~~that ~~Taiwan~~fuel ~~University.~~plant ~~TPFIDA~~growth ~~aims~~can tobe ~~promote~~utilized ~~cross~~more ~~industry~~efficiently. ~~collaboration~~“ ~~platforms to build a comprehensive supply chain in Taiwan for the plant factory industry.~~

Despite all these advantages, this new way of farming is ~~Manufacturing~~developing slowly and sporadically, on a small scale, due to a significant initial investment required to build and equip a greenhouse. Other concerns include higher energy costs, inadequately developed cultivation technology, a limited range of crops, and blander-tasting vegetables than those grown by more traditional methods. Despite these drawbacks, demand for quality, pesticide-free and accessible produce has already led to the establishment of plant factories in Japan, mainland China and Taiwan. In Taiwan, where our operations are based and targeted, the Industrial Technology Research Institute has formed the Plant Factory Industry Development Association (TPFIDA) an industrial and academic association to develop the plant factories and indoor agriculture industry in Taiwan. Among the founding members of TPFIDA are EPISTAR Corporation, Everlight Electronics, Taiwan Fertilizer Co., Ltd., National Pingtung University of Science and Technology, and National Taiwan University. TPFIDA aims to promote cross industry collaboration platforms to build a comprehensive supply chain in Taiwan for the plant factory industry.

ItManufacturing is not our intention to engage in the capital and management intensive endeavor of manufacturing our own products. We instead outsource our manufacturing and have spent considerable time identifying a stable of suitable engineering and manufacturing firms with proven track records. Our products are currently manufactured exclusively in China where intense competition among manufacturers provides a readily available supply of cost-effective, quality manufacturing options. In order to take advantage of the ample supply of manufacturing choices available to us in Taiwan and China, we have not entered into any formal or long-term agreements with any manufacturer for the fabrication of our products. Instead, by selecting manufacturers on an as needed basis, we are better able to take advantage of competitive pricing, ensure quality control, and maintain appropriate inventory supply levels. We do not rely on any particular manufacturer for any of our products.

~~Seasonality~~It is not our intention to engage in the capital and management intensive endeavor of manufacturing our own products. We instead outsource our manufacturing and have spent considerable time identifying a stable of suitable engineering and manufacturing firms with proven track records. Our products are currently manufactured exclusively in China where intense competition among manufacturers provides a readily available supply of cost-effective, quality manufacturing options. In order to take advantage of the ample supply of manufacturing choices available to us in Taiwan and China, we have not entered into any formal or long-term agreements with any manufacturer for the fabrication of our products. Instead, by selecting manufacturers on an as needed basis, we are better able to take advantage of competitive pricing, ensure quality control, and maintain appropriate inventory supply levels. We do not rely on any particular manufacturer for any of our products.

~~Our~~Seasonality ~~products can be used all year round and are not affected by seasonal trends.~~

~~Sources~~Our products can be used all year round and ~~Availability~~are ofnot ~~Raw~~affected ~~Materials~~by seasonal trends.

~~All~~Sources ~~raw materials for our products are sourced from China~~ and ~~Taiwan.~~ ~~The~~Availability ~~computer components used in our products can be subject to high price volatility and to the risk~~ of ~~obsolescence.~~Raw InMaterials order to control component costs and the risk of their obsolescence, we contract with a manufacturer at a set price for the building of our products over a number of terminals. The manufacturer becomes responsible for making sure that enough components are in stock and, if components become unavailable, to quickly implement minor product changes to allow for components to be replaced. This process is conducted for all manufacturing of our products.

~~Marketing~~All ~~Channels~~raw materials for our products are sourced from China and Taiwan. The computer components used in our products can be subject to high price volatility and to the risk of obsolescence. In order to control component costs and the risk of their obsolescence, we contract with a manufacturer at a set price for the building of our products over a number of terminals. The manufacturer becomes responsible for making sure that enough components are in stock and, if components become unavailable, to quickly implement minor product changes to allow for components to be replaced. This process is conducted for all manufacturing of our products.

~~For~~Marketing ~~greenhouse~~Channels products, we aim to align ourselves with industrial appliance retailers, home improvement and home and garden retailers, property developers, architects, and home improvement professionals in order to capitalize on all possible markets and existing distribution infrastructure. Our primary markets are Taiwan, Hong Kong, Mainland China, and Singapore.

~~Competition~~For greenhouse products, we aim to align ourselves with industrial appliance retailers, home improvement and home and garden retailers, property developers, architects, and home improvement professionals in order to capitalize on all possible markets and existing distribution infrastructure. Our primary markets are Taiwan, Hong Kong, Mainland China, and Singapore.

~~Innovation~~Competition in the indoor agriculture market is primarily focused on combining different technologies in new ways. Our management believes that our wall lamps and plant growth chamber circulation devices are examples of such innovation. Our research and development team is focused on creating similarly innovative products.

~~Nevertheless,~~Innovation ~~our industry is undergoing a period of rapid innovation and growth, and there exists a vast number of companies which pre-date our company and which have greater financial resources and experience~~ in ~~our industry. In addition,~~ the ~~rapid expansion of the~~ indoor agriculture ~~industry~~ ~~means that our competitors are difficult to identify and assess. Nevertheless, we estimate that our current share of the indoor agriculture~~ market is ~~negligible, whether in our domestic market of Taiwan, or elsewhere. In~~primarily ~~order~~focused ~~to promote our financial stability, we do not rely or intend to rely~~ on ~~a single~~combining ~~revenue~~different ~~base for revenue generation, and will continue to develop both the agricultural~~ technologies ~~wing~~in ~~and~~new ~~the produce manufacturing units of our business~~ways. ~~We also have kept our marketing, allowances or rebates to a minimum.~~ Our management believes that ~~these~~our ~~factors~~wall ~~will~~lamps ~~allow us to effectively compete in the industry~~ and ~~minimize~~plant ~~our~~growth ~~costs,~~chamber ~~thereby~~circulation ~~allowing~~devices usare toexamples ~~focus on intellectual property development and the construction~~ of ~~new plant~~ ~~manufacturing~~such ~~facilities~~innovation. Our ~~direct~~research ~~competitors~~and indevelopment ~~the~~team ~~Taiwan~~is ~~and~~focused ~~Chinese~~on creating ~~markets~~similarly ~~include:~~innovative products.

~~ArchEnergy~~Nevertheless, ~~Technology:~~our ~~ArchEnergy~~industry ~~Technology~~is ~~Holdings~~undergoing ~~Group~~a ~~Ltd.~~period of rapid innovation and growth, and there exists a vast number of companies which ~~held~~pre-date byour ~~precision~~company ~~mold~~and ~~parts~~which ~~maker~~have ~~Gallant~~greater ~~Precision~~financial ~~Machining~~resources Coand experience in our industry. In addition, ~~Ltd~~the rapid expansion of the indoor agriculture industry means that our competitors are difficult to identify and assess. Nevertheless, we estimate that our current share of the indoor agriculture ~~makes~~market ~~such~~is ~~greenhouses~~negligible, ~~with~~whether ~~energy-efficient~~in ~~solar~~our ~~panels~~domestic market of Taiwan, ~~supplying~~or ~~LED~~elsewhere. ~~grow~~In ~~boxes~~order to promote our financial stability, we do not rely or intend to rely on a single revenue base for ~~households~~revenue generation, and ~~greenhouses~~will ~~for~~continue ~~farms.~~to ~~The~~develop ~~company~~both the ~~has~~agricultural technologies wing and the produce manufacturing units of our business. We also ~~begun~~have kept our marketing, allowances or rebates to a minimum. ~~operating~~Our ~~greenhouse~~management ~~farms~~believes that these factors will allow us to ~~cultivate~~effectively ~~profitable~~compete in ~~Chinese~~the ~~herbs~~industry and ~~flowers~~minimize our costs, thereby allowing us to focus on intellectual property development and the construction of new plant manufacturing facilities. Our direct competitors in the Taiwan and Chinese markets include:

• ArchEnergy Technology: ArchEnergy Technology Holdings Group Ltd., held by precision mold parts maker Gallant Precision Machining Co., Ltd., makes such greenhouses with energy-efficient solar panels, supplying LED grow boxes for households and greenhouses for farms. The company has also begun operating greenhouse farms to cultivate profitable Chinese herbs and flowers. • Liladien Industrial: Founded in 1998 to make bathtubs, Liladien Industrial Co., Ltd. integrated ultra-micro gas bubble aeration technology for Jacuzzis with LED to produce “aqua-cultural containers” in 2008, its first step into the greenhouse industry. The company's aqua-cultural equipment comes in potted plant types for educational purpose, cabinet type for households, and greenhouses for mass production. “ • Nano Bio Light Technology: Nano Bio Light Technology Co., Ltd. has worked with local academic institutes for over 10 years to research LED applications for horticulture. The company's LED-lit horticultural equipment comes in types for research, households, store demonstrations, condo blocks, and mass production.

~~Nano~~Intellectual ~~Bio~~Property Light Technology: Nano Bio Light Technology Co., Ltd. has worked with local academic institutes for over 10 years to research LED applications for horticulture. The company's LED-lit horticultural equipment comes in types for research, households, store demonstrations, condo blocks, and mass production.

~~Intellectual~~We ~~Property~~hold common law trademark rights and copyright in our corporate name and related logos and trademarks. However, we have not filed for the registration of our trademarks or copyrights in any jurisdiction.

WeResearch ~~hold common law trademark rights~~ and ~~copyright~~Development ~~in our corporate name and related logos and trademarks. However, we have not filed for the registration of our trademarks or copyrights in any jurisdiction.~~

~~Research~~No significant research and ~~Development~~development expenses were incurred in 2017 or 2016. Any future research and development undertakings will be subject to the availability of sufficient capital.

NoEmployees ~~significant research and development expenses were incurred in 2016 or 2015. Any future research and development undertakings will be subject to the availability of sufficient capital.~~

~~Employees~~We have 2 full time employees in Hong Kong working in various administrative and operations related capacities. These include management, accounting, product marketing, information technology, and customer service, amongst others. Our payroll costs were approximately $114,048 and $136,224 for the year ended December 31, 2017 and 2016, respectively. We estimate that our payroll costs for fiscal 2018 will be approximately $115,000 based on our current business plan.

WeSubsidiaries have 3 full time employees in Hong Kong working in various administrative and operations related capacities. These include management, accounting, product marketing, information technology, and customer service, amongst others. Our payroll costs were approximately $136,224 and $119,658 for the year ended December 31, 2016 and 2015, respectively. We estimate that our payroll costs for fiscal 2017 will be approximately $115,000 based on our current business plan.

~~Subsidiaries~~We have one wholly owned subsidiary, TransAKT (BVI) Ltd. Which holds 100% of the issued and outstanding shares of TransAKT Bio Agritech Ltd., its primary business is conducting research and development on new agricultural technology and marketing the products for the Company. Other than holding the shares of TransAKT Bio Agritech Ltd., TransAKT (BVI) Ltd. is non-active.

WeLegislation ~~have one wholly owned subsidiary, TransAKT (BVI) Ltd. Which holds 100% of the issued~~ and ~~outstanding~~Government ~~shares~~Regulation of TransAKT Bio Agritech Ltd., its primary business is conducting research and development on new agricultural technology and marketing the products for the Company. Other than holding the shares of TransAKT Bio Agritech Ltd., TransAKT (BVI) Ltd. is non-active.

~~Legislation~~Our business is subject to a broad range of municipal, provincial and ~~Government~~state ~~Regulation~~regulation governing all aspects of our business and day to day operations.

~~Our~~We ~~business~~are isnot ~~subject~~aware toof aany ~~broad~~material ~~range~~violations of ~~municipal~~environmental permits, licenses or approvals that have been issued with respect to our ~~provincial~~operations. ~~and~~We ~~state~~expect ~~regulation~~to ~~governing~~comply with all ~~aspects~~applicable oflaws, rules and regulations relating to our business, and ~~day~~at this time, we do not anticipate incurring any material capital expenditures to comply with any environmental regulations or ~~day~~other ~~operations~~requirements.

WeWhile ~~are~~our ~~not~~intended ~~aware~~projects ofand ~~any~~business ~~material~~activities ~~violations~~do ~~of environmental~~not ~~permits,~~currently ~~licenses~~violate orany ~~approvals~~laws, ~~that~~any ~~have~~regulatory ~~been~~changes ~~issued~~that ~~with~~impose ~~respect to our~~additional ~~operations.~~restrictions Weor ~~expect~~requirements toon ~~comply~~us ~~with~~or ~~all~~on ~~applicable~~our ~~laws,~~potential ~~rules~~customers ~~and~~could ~~regulations~~adversely ~~relating~~affect tous ~~our~~by ~~business,~~increasing ~~and~~our atoperating ~~this~~costs ~~time,~~or wedecreasing dodemand ~~not~~for ~~anticipate~~our products ~~incurring~~or ~~any material~~services, ~~capital~~which ~~expenditures~~could tohave ~~comply~~a ~~with~~material ~~any~~adverse ~~environmental~~effect ~~regulations~~on orour results ~~other~~of ~~requirements~~operations.

~~While~~Item our intended projects and business activities do not currently violate any laws, any regulatory changes that impose additional restrictions or requirements on us or on our potential customers could adversely affect us by increasing our operating costs or decreasing demand for our products or services, which could have a material adverse effect on our results of operations1A. Risk Factors

~~Item~~Risks ~~1A.~~Relating ~~Risk~~to ~~Factors~~our Company

~~Risks~~We ~~Relating~~have toa history of operating losses which may affect our ability ~~Company~~to continue operations.

We ~~have~~sustained aoperating ~~history~~loss for each of ~~operating~~the ~~losses~~fiscal ~~which~~years ~~may~~ended December ~~affect~~31, ~~our~~2017 and 2016 of $220,940 and $299,500, respectively. We also ~~ability~~anticipate sustaining a loss from operations for the fiscal year ended December 31, 2018. If we are unable to ~~continue~~achieve profitability or to raise sufficient capital to carry out our business plan, we may not be able to continue operations.

We ~~sustained~~have a limited operating ~~loss~~history ~~for~~and ~~each~~are ofstill proving the ~~fiscal~~viability ~~years~~of ~~ended December~~our ~~31,~~current ~~2016~~products and ~~2015~~business ~~of $299~~model,~~500~~ and ~~$302~~thus,~~934,~~ ~~respectively. We also anticipate sustaining a loss from operations for the fiscal year ended December 31, 2017. If~~ we ~~are~~may be unable to ~~achieve~~sustain ~~profitability~~operations orand toyou ~~raise sufficient capital to carry out our business plan, we~~ may ~~not~~lose beyour ~~able~~entire ~~to continue operations~~investment.

WeDuring ~~have~~fiscal a2012, ~~limited~~we ~~operating~~abandoned ~~history~~our VWAP and VoIP product lines and adopted the business of our subsidiary, Vegfab Agricultural Technology Co. Ltd., which began operations in 2010. We are still ~~proving~~adding to our product line and are in the process of proving the viability of our ~~current~~ products and business model. If we are unable to prove our business model, ~~and~~or ~~thus~~the viability of our products, we may not be ~~unable~~ able to sustain operations and ~~you~~our ~~may~~ability ~~lose~~to ~~your~~raise additional ~~entire~~funding ~~investment~~may be jeopardized.

~~During~~Our ~~fiscal~~competition ~~2012,~~has wegreater ~~abandoned~~resources ~~our~~than ~~VWAP~~we ~~and~~do ~~VoIP product lines~~ and ~~adopted the business of our subsidiary, Vegfab Agricultural Technology~~can ~~Co.~~respond ~~Ltd.,~~more ~~which~~quickly ~~began operations in 2010. We are still adding~~ to ~~our~~changes ~~product line and are~~ in the ~~process~~industry ofwhich ~~proving~~could ~~the~~adversely ~~viability~~affect of our ~~products and~~ ~~business model. If we are unable to prove our business model or the viability of our products, we may not be able to sustain operations and our~~ ability to ~~raise additional funding may be jeopardized~~compete.

~~Our~~The ~~competition~~marketing ~~has~~and ~~greater~~sale ~~resources~~of ~~than~~indoor weagricultural doequipment is intensely competitive and ~~can respond~~involve ~~more~~a ~~quickly~~high todegree ~~changes~~of inrisk. ~~the~~Public ~~industry~~acceptance ~~which~~of business ~~could~~transacted ~~adversely~~by ~~affect~~us ~~our ability~~may never reach the magnitude required to ~~compete~~be commercially profitable.

~~The~~Many of our existing competitors, as well as a number of potential new competitors have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than us. These factors may allow them to respond more quickly than us to new or emerging technologies and changes in customer requirements. It may also allow them to devote greater resources than we can to the development, promotion and sale of ~~indoor~~their ~~agricultural~~products ~~equipment~~and isservices. ~~intensely~~Such ~~competitive~~competitors may also engage in more extensive research and ~~involve~~development, undertake amore ~~high~~far-reaching ~~degree~~marketing ofcampaigns, ~~risk~~adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and Internet publishers. ~~Public~~In ~~acceptance~~addition, ofcurrent ~~business~~and ~~transacted~~potential bycompetitors ushave established or may ~~never~~establish ~~reach~~cooperative relationships ~~the~~among ~~magnitude~~themselves ~~required~~or with third parties to beincrease the ability of ~~commercially~~their ~~profitable~~products or services.

~~Many~~Volatility of ~~our~~world ~~existing~~economic competitors, as well as a number of potential new competitors have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than us. These factors may ~~allow~~affect ~~them~~our toability ~~respond more quickly than us~~ to ~~new~~raise orcapital ~~emerging technologies~~ and ~~changes~~product ~~in customer~~costs ~~requirements.~~which It may ~~also~~affect ~~allow~~our ~~them~~ability to ~~devote greater resources than~~continue ~~we can to the development, promotion and sale of their products and services~~operations. ~~Such~~ competitors may also engage in more extensive research and development, undertake more far-reaching marketing campaigns, adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and Internet publishers. In addition, current and potential competitors have established or may establish cooperative relationships among themselves or with third parties to increase the ability of their products or services.

~~Volatility~~Our revenues, profitability and future growth and the carrying value of assets are substantially dependent on prevailing world economic conditions and fluctuations in influencing factors ~~may~~such ~~affect~~as ~~our~~exchange rates, rates of inflation, governmental stability and natural disasters. Our ability to borrow and to obtain additional capital on attractive terms is also substantially dependent upon these factors. The negative impact of these factors on sales orders originating from an affected country would have an adverse effect on our borrowing capacity, revenues, profitability and cash flows from operations. For example, unfavorable changes in exchange rates can increase the cost of our products and reduce revenues resulting in reduced profitability. In the event that our profitability is reduced and we are unable to maintain our profit margins, it may be difficult to raise capital and ~~product~~reduce ~~costs~~our ~~which~~borrowing ability. In addition, as has been recently experienced, general downturns in the technology sector worldwide have made fundraising difficult. Since the marketing of our products will require us to raise capital, this may ~~affect~~have an adverse effect on our ability to continue operations and to effectively market our products.

~~Our~~We ~~revenues, profitability and future growth and the carrying value of assets~~ are ~~substantially~~ dependent on ~~prevailing~~key ~~world~~personnel ~~economic conditions~~who ~~and~~have ~~fluctuations in influencing factors such as exchange rates, rates~~extensive ofknowledge ~~inflation,~~with ~~governmental~~respect ~~stability and natural disasters. Our ability~~ to ~~borrow~~ and to obtain additional capital on attractive terms is also substantially dependent upon these factors. The negative impact of these factors on sales orders originating from an affected country would have an adverse effect on our ~~borrowing~~product ~~capacity, revenues, profitability~~ and ~~cash~~business ~~flows from operations. For example, unfavorable changes in exchange rates can increase the cost of our products~~ and ~~reduce revenues resulting in reduced profitability. In the event that our profitability is reduced and we are unable to maintain our profit margins~~thus, ~~it may be difficult to raise capital and reduce our borrowing ability. In addition, as has been recently experienced, general downturns in~~ the ~~technology~~ ~~sector~~loss ~~worldwide~~of ~~have~~one ~~made fundraising difficult. Since the marketing~~or more of ~~our~~these ~~products~~individuals ~~will require us to raise capital, this~~ may ~~have~~adversely anaffect ~~adverse effect on~~ our ~~ability to continue operations and to effectively market our products~~business.

We are heavily dependent onupon ~~key~~the ~~personnel~~expertise ~~who~~of our management and the loss of one or more of these individuals could have ~~extensive~~a material adverse ~~knowledge~~effect. ~~with~~We ~~respect~~do tonot maintain key-person insurance policies on any of our ~~product~~executive officers. ~~and~~Since ~~business~~we are a technology and ~~thus~~equipment based company, our future success also depends on our ability to continue to attract, retain and motivate highly skilled employees in the ~~loss~~payments ofand ~~one~~communications orand equipment ~~more~~manufacturing ofindustry. ~~these~~Competition ~~individuals~~for employees in our industry is intense. We may ~~adversely~~be ~~affect~~unable ~~our~~to ~~business~~retain key employees or attract, assimilate or retain other highly qualified employees in the future.

WeThe ~~are~~audit ~~heavily~~report ~~dependent~~included ~~upon~~in ~~the expertise of~~ our ~~management and~~Annual ~~the~~Report ~~loss~~on ofForm ~~one~~10-K was orprepared ~~more~~by ofauditors ~~these~~who ~~individuals~~are ~~could have a material adverse effect. We do~~ not ~~maintain~~inspected ~~key-person~~by ~~insurance~~the ~~policies~~Public ~~on any of our executive~~Accounting ~~officers.~~Oversight ~~Since~~Board we(“PCAOB”) ~~are a technology~~ and ~~equipment~~as ~~based~~a ~~company~~result, our ~~future success~~shareholders ~~also~~are ~~depends~~deprived onof ~~our ability to continue to attract, retain and motivate highly skilled employees in~~ the ~~payments and communications and equipment~~ ~~manufacturing~~benefit ~~industry.~~of ~~Competition~~having ~~for~~PCAOB ~~employees in our industry is intense~~inspections. ~~We may be unable to retain key employees or attract, assimilate or retain other highly qualified employees in the future.~~

The independent registered public accounting firm that issues the audit ~~report~~reports included in our ~~Annual~~annual ~~Report~~reports filed onwith ~~Form~~the ~~10-K was~~SEC, ~~prepared~~as by auditors ~~who~~of companies that are ~~not~~traded ~~inspected~~publicly byin the United States and a firm registered with the Public Company Accounting ~~Oversight~~ Oversight Board (United States), or the “PCAOB”), ~~and~~is asrequired aby ~~result,~~the ~~our~~laws ~~shareholders~~of ~~are~~the ~~deprived~~United States ofto undergo regular inspections by the PCAOB to assess its compliance with ~~benefit~~the laws of ~~having~~the United States and professional standards. Because our auditors are located in Hong Kong SAR, a jurisdiction where the PCAOB is currently unable to conduct inspections without the approval of the Hong Kong authorities, our auditors are not currently inspected by the PCAOB.

~~The~~Inspections ~~independent~~of ~~registered~~other ~~public~~firms ~~accounting firm~~ that ~~issues~~ the ~~audit reports~~PCAOB ~~included~~has inconducted ~~our~~outside ~~annual~~Hong ~~reports~~Kong ~~filed~~SAR ~~with~~have ~~the~~identified ~~SEC,~~deficiencies ~~as auditors of~~in ~~companies~~those ~~that~~firms' ~~are~~audit ~~traded~~procedures ~~publicly in the United States~~ and aquality ~~firm~~control ~~registered with the Public Company Accounting Oversight Board (United States)~~procedures, orwhich ~~the~~may be ~~“PCAOB”,~~addressed isas ~~required~~part byof the ~~laws~~inspection ofprocess ~~the~~to ~~United~~improve ~~States~~future toaudit ~~undergo~~quality. ~~regular~~The ~~inspections~~inability byof the PCAOB to ~~assess~~conduct ~~its~~inspections ~~compliance~~in ~~with~~Hong ~~the~~Kong ~~laws~~SAR ofprevents the ~~United~~ ~~States~~PCAOB ~~and~~from ~~professional~~regularly ~~standards.~~evaluating ~~Because~~ our ~~auditors~~auditor's ~~are~~statements, ~~located~~audits inand ~~Hong Kong~~quality ~~SAR,~~control aprocedures. ~~jurisdiction~~As ~~where~~a ~~the~~result, ~~PCAOB~~investors ismay ~~currently~~be ~~unable~~deprived ~~to conduct inspections without the approval~~ of the ~~Hong~~benefits ~~Kong authorities, our auditors are not~~of ~~currently inspected by the~~ PCAOB inspections.

~~Inspections of~~The ~~other~~inability ~~firms~~of ~~that~~ the PCAOB ~~has~~to conduct ~~conducted~~inspections ~~outside~~of auditors in Hong Kong SAR ~~have identified~~makes ~~deficiencies~~it inmore ~~those~~difficult ~~firms' audit procedures and quality control~~to ~~procedures,~~evaluate ~~which~~the ~~may~~effectiveness ~~be addressed as part~~ of ~~the~~our ~~inspection~~auditor's ~~process~~quality tocontrol ~~improve future~~and audit ~~quality.~~procedures as ~~The~~compared ~~inability of the PCAOB~~ to ~~conduct~~auditors ~~inspections~~outside inof Hong Kong SAR ~~prevents~~that ~~the~~are ~~PCAOB~~subject ~~from~~to ~~regularly evaluating our auditor's statements,~~PCAOB ~~audits~~inspections. ~~and~~Investors ~~quality~~may ~~control~~lose ~~procedures.~~confidence Asin aour ~~result,~~reported ~~investors~~financial ~~may~~information and beprocedures ~~deprived~~and of the ~~benefits~~quality of ~~PCAOB~~our ~~inspections~~financial statements.

~~The~~We ~~inability~~may ofbe ~~the~~exposed ~~PCAOB~~ to ~~conduct~~risks ~~inspections~~relating ~~of auditors in Hong Kong SAR makes it more difficult~~ to ~~evaluate the effectiveness of our auditor'~~management’s ~~quality~~conclusion ~~control and audit procedures as compared to auditors outside of Hong Kong SAR~~ that ~~are subject to PCAOB inspections. Investors may lose confidence in~~ our ~~reported~~disclosure ~~financial~~controls ~~information~~ and procedures and ~~the~~internal ~~quality of our~~controls over financial ~~statements~~reporting are ineffective.

We do not have an independent audit committee and our Board of Directors may be ~~exposed~~unable to ~~risks~~fulfill ~~relating~~the functions toof such a committee, which may compromise the management’s of our ~~conclusion~~business. ~~that~~Our Board of Directors functions as our ~~disclosure~~audit ~~controls~~committee and ~~procedures~~is comprised ~~and~~of ~~internal~~four ~~controls~~directors, none of whom are considered to be "independent" in ~~over~~accordance with the requirements of Rule 10A-3 under the Exchange Act. An independent audit committee plays a crucial role in the corporate governance process, assessment of the Company's processes relating to its risks and control environment, oversight of financial reporting, ~~are~~and ~~ineffective~~evaluation of internal and independent audit processes. The lack of an independent audit committee may prevent the Company Board of Directors from being independent in its judgments and decisions and its ability to pursue the committee's responsibilities, which could compromise the management of our business.

We do ~~not~~will ~~have~~need anadditional ~~independent~~funds ~~audit~~in ~~committee~~order ~~and our Board of Directors may be unable~~ to ~~fulfill~~implement ~~the functions of such a committee, which may compromise the management of~~ our ~~business. Our Board of Directors functions as our audit~~ ~~committee~~intended projects and there is ~~comprised~~no ofassurance ~~four~~that ~~directors,~~such ~~none~~funds ofwill ~~whom are considered to~~ be ~~"independent"~~ ~~in accordance with the requirements of Rule 10A-3 under the~~available ~~Exchange Act. An independent audit committee plays a crucial role in the corporate governance process~~as, ~~assessment~~if ~~of the Company's processes relating to its risks~~ and ~~control~~when ~~environment,~~needed ~~oversight~~which ~~of financial reporting, and evaluation of internal and independent audit processes. The lack of an independent audit committee~~ may ~~prevent~~adversely ~~the~~affect ~~Company Board of Directors from being independent in its judgments and decisions and its ability to pursue the committee's responsibilities, which could compromise the management of~~ our ~~business~~ operations.

WeCash ~~will~~flow ~~need~~used ~~additional funds~~ in ~~order~~operating toactivities ~~implement~~of our continuing ~~intended~~operations ~~projects~~for the fiscal years ended December 31, 2017 and ~~there~~2016 iswere no$198,122 and ~~assurance~~$277,938, respectively. We have been dependent upon the proceeds of equity and non-equity financing to fund operations. No assurances can be given that ~~such~~our actual ~~funds~~cash requirements will benot ~~available~~exceed our budget or that anticipated revenues ~~as,~~will ifbe ~~and~~realized when needed, ~~which~~lines ~~may~~of ~~adversely~~credit ~~affect~~will ~~our~~be ~~operations.~~available if necessary or that additional capital will be available.

~~Cash~~Failure ~~flow~~to ~~used~~obtain insuch ~~operating~~additional ~~activities~~funds ofon ~~our~~terms ~~continuing operations for the fiscal years ended December 31, 2016~~ and ~~2015 were $277,938~~conditions ~~and~~that ~~$508,656,~~we ~~respectively.~~deem Weacceptable ~~have~~may ~~been~~materially ~~dependent upon the proceeds of equity~~ and ~~non-equity~~adversely ~~financing~~affect ~~to fund operations. No assurances can be given that~~ our ~~actual~~ ~~cash~~ability ~~requirements will not exceed our budget or that anticipated revenues~~to ~~will~~effectively ~~be realized when needed~~manufacture, ~~lines~~market ofand ~~credit~~distribute ~~will~~our beproducts ~~available~~resulting ~~if necessary or~~in ~~that~~decreased ~~additional~~revenues ~~capital~~which ~~will~~may bealso ~~available.~~result Wein ~~anticipate that over the next twelve months, we will need~~ a ~~minimum~~decreased ofshare ~~$1,000,000 to sustain our current operations without regard to our business plan~~price.

~~Failure~~Prices tofor ~~obtain~~raw ~~such~~materials ~~additional~~required ~~funds~~for onour ~~terms~~products ~~and conditions~~are ~~that~~volatile. weIf ~~deem~~there ~~acceptable~~is ~~may~~a ~~materially~~significant ~~and~~increase ~~adversely~~in ~~affect~~prices ~~our~~of raw materials our ability to ~~effectively~~ ~~manufacture,~~generate ~~market~~revenue and ~~distribute~~achieve ~~our~~profitability ~~products resulting in decreased revenues which~~ may ~~also result in a decreased share price~~suffer.

~~Prices~~All ~~for~~ raw materials ~~required~~ for our products are sourced from China and Taiwan. Due to the fact that many of our products use computer components, the price of these components can be highly volatile and are subject to the risk of obsolescence. In order to control costs and the risk of obsolescence, we contract with a manufacturer at a set price for the building of our product over a number of terminals. Despite these efforts, there can be no assurance that we will be able to keep prices of raw materials at a cost effective level for our operations. If there is a significant increase in ~~prices of~~ raw materials our ability to generate revenue and achieve profitability may suffer.

~~All~~Risks ~~raw~~Relating ~~materials for our products are sourced from China and Taiwan. Due~~ to ~~the~~Our ~~fact~~Stock ~~that many of our products use computer components, the price of these components can be highly volatile and are subject to the risk of obsolescence.~~

InThe ~~order~~market ~~to control costs and the risk of obsolescence, we contract with a manufacturer at a set~~ price ~~for the building~~ of our ~~product~~common ~~over a~~shares ~~number~~has ofbeen ~~terminals.~~and ~~Despite~~will ~~these efforts, there can be no assurance that we~~in ~~will~~all belikelihood ~~able~~continue to ~~keep~~be ~~prices~~volatile ofwhich ~~raw~~may ~~materials~~adversely ataffect athe ~~cost~~value ~~effective level for our~~of ~~operations.~~your ~~If there is a significant increase in raw materials our ability to generate revenue and achieve profitability may suffer~~investment.

~~Risks~~The ~~Relating~~market price of our common shares has fluctuated over a wide range and it is likely that the price of our common stock will continue to fluctuate ~~Our~~in ~~Stock~~the future. Announcements regarding acquisitions, the status of corporate collaborations, regulatory approvals or other developments by us or our competitors could have a significant impact on the market price of our common shares.

~~The~~Our ~~market~~shares ~~price~~currently oftrade ~~our~~on ~~common~~the ~~shares~~OTC ~~has~~Markets ~~been~~OTCQB ~~and~~(“OTCQB”) with ~~will~~limited ~~in all~~trading. ~~likelihood~~If ~~continue~~this market is not sustained or we are unable to satisfy any future trading criteria that may be ~~volatile~~imposed ~~which~~by the Financial Industry Regulatory Authority (“FINRA”), there may ~~adversely~~not ~~affect~~be any liquidity for our shares. We have generated only limited revenue from the ~~value~~sale of our products to ~~your~~date. These factors could have a negative impact on the liquidity of any investment made in our stock.

The ~~market~~value ~~price of our common shares has fluctuated over a wide range~~ and ittransferability ~~is likely that the price~~ of our ~~common~~shares ~~stock~~may ~~will~~be ~~continue to~~adversely ~~fluctuate~~impacted ~~in the future. Announcements regarding acquisitions, the status of corporate collaborations, regulatory approvals or other developments~~ by ~~us or our competitors could have a significant impact on~~ the ~~market~~penny ~~price~~stock ~~of our common shares~~rules.

In addition, holders of our common stock in the United States may experience substantial difficulty in selling their securities as a result of the “penny stock rules.” Our ~~shares~~common ~~currently~~stock ~~trade~~is oncovered by the ~~OTC~~penny ~~Markets~~stock ~~OTCQB~~rules, a Securities and Exchange Commission (“~~OTCQB~~SEC”) ~~with~~ ~~limited~~rule ~~trading.~~that Ifimposes ~~this~~additional ~~market~~sales practice isrequirements ~~not~~on ~~sustained~~broker-dealers orwho wesell ~~are~~such ~~unable~~securities to persons ~~satisfy~~other ~~any~~than ~~future~~established ~~trading~~customers ~~criteria~~and ~~that~~accredited ~~may~~investors, begenerally institutions ~~imposed~~with byassets ~~the~~in ~~Financial~~excess of $5,000,000 or individuals with net worth ~~Industry~~in ~~Regulatory~~excess ~~Authority~~of ~~(“FINRA”)~~$1,000,000 ~~there~~or ~~may~~annual ~~not~~income beexceeding ~~any~~$200,000 ~~liquidity~~or ~~for~~$300,000 ~~our~~jointly ~~shares~~with their spouse. WeFor ~~have~~transactions ~~generated~~covered ~~only~~by ~~limited~~the ~~revenue~~rule, ~~from~~the broker-dealer must make a special suitability determination for the purchaser and transaction prior to the sale. ofConsequently, ~~our~~the ~~products~~rule may affect the ability of broker-dealers to ~~date.~~sell ~~These~~our ~~factors~~securities ~~could~~and ~~have~~also amay ~~negative~~affect ~~impact~~the onability ~~the~~of ~~liquidity~~purchasers of ~~any~~our stock ~~investment~~to ~~made~~sell their shares in the secondary market. It may also cause fewer broker-dealers to make a market in our stock.

The ~~value~~large ~~and~~number ~~transferability~~ of ~~our~~ shares ~~may~~eligible befor ~~adversely impacted~~future sale by existing shareholders may adversely affect the ~~penny~~market ~~stock~~price ~~rules~~for our common shares.

InFuture ~~addition,~~sales ~~holders~~ of ~~our common stock in the United States may experience~~ substantial ~~difficulty~~amounts ~~in selling their securities as a result~~ of ~~the~~ ~~“penny~~our ~~stock rules.” Our~~ common ~~stock~~shares isin ~~covered by~~ the public ~~penny stock rules~~market, ~~a Securities~~or ~~and~~the ~~Exchange~~perception ~~Commission (“SEC”) rule~~ that ~~imposes~~such ~~additional~~ sales ~~practice~~ ~~requirements~~could onoccur, ~~broker-dealers~~could ~~who~~adversely affect ~~sell~~the ~~such~~market ~~securities~~price toof ~~persons other~~our ~~than~~common ~~established~~shares. ~~customers~~At ~~and~~April ~~accredited investors~~9, ~~generally institutions with assets in excess of $5~~2018,~~000,000~~ orwe ~~individuals with net worth~~had ~~in excess of $1~~133,~~000~~506,~~000~~570 orcommon ~~annual~~shares ~~income~~outstanding. ~~exceeding~~On ~~$200,000~~that ~~or $300~~date,~~000~~ ~~jointly with~~we ~~their~~had ~~spouse.~~no ~~For~~common ~~transactions covered by the rule, the broker-dealer must~~shares ~~make~~reserved ~~a special suitability determination~~ for ~~the~~issuance ~~purchaser~~under ~~and~~our ~~transaction~~stock ~~prior to~~option ~~the~~plan; ~~sale. Consequently, the rule may affect the ability of broker-dealers to sell our securities~~ and ~~also~~no ~~may~~common ~~affect~~shares ~~the ability of purchasers of our stock~~reserved tofor ~~sell~~issuance ~~their~~under ~~shares in~~ the ~~secondary~~warrants ~~market.~~issued Itpursuant ~~may also cause fewer broker-dealers~~ to ~~make~~various aprivate ~~market in our stock~~placements.

~~The~~No ~~large~~prediction ~~number~~can be made as to the effect, if any, that sales of shares ~~eligible~~of ~~for~~our ~~future~~common ~~sale~~stock ~~by existing~~or ~~shareholders~~the ~~may~~availability ~~adversely~~of ~~affect~~such shares for sale will have on the market ~~price~~prices ~~for~~of our common ~~shares~~ stock.

~~Future~~We ~~sales~~have oflimited ~~substantial amounts of our common shares in the public market, or the perception that such~~ sales ~~could occur, could adversely affect the market price~~ of ~~our~~products ~~common~~to ~~shares. At April 17, 2017, we had 133,506,570 common shares outstanding. On that~~ date, weand ~~had~~ no ~~common shares~~assurance ~~reserved~~can ~~for~~be ~~issuance~~given ~~under~~that our ~~stock~~products ~~option~~will ~~plan;~~be ~~and~~widely noaccepted ~~common~~in ~~shares reserved for issuance under~~ the ~~warrants~~marketplace ~~issued~~which may ~~pursuant~~adversely toaffect ~~various~~your ~~private placements~~investment.

NoOur ~~prediction~~future ~~can~~sales, beand ~~made~~therefore, ascash toflow ~~the~~and ~~effect~~income, ifand ~~any~~our success, ~~that~~are ~~sales~~highly dependent on success in marketing our products and consumer acceptance of ~~shares~~those ofproducts. If our ~~common~~products ~~stock~~are not widely accepted or ~~the~~we ~~availability~~are unable ofto ~~such~~market ~~shares~~our ~~for~~products ~~sale~~effectively, ~~will have~~we onmay ~~the~~face ~~market~~reduced share prices, decreased ofprofitability, ~~our~~and ~~common~~decreased ~~stock~~cash flow.

WeThere ~~have~~is a limited ~~sales~~public ofmarket ~~products~~for toour ~~date~~common ~~and~~shares ~~no assurance~~at ~~can~~this betime ~~given that our products will be widely accepted~~ in the ~~marketplace~~United States which may ~~adversely~~ affect your ~~investment~~ability to sell our stock.

Our ~~future~~shares ~~sales,~~currently ~~and~~trade ~~therefore,~~on ~~cash~~the ~~flow~~OTCQB ~~and~~with ~~income,~~limited ~~and our~~trading. ~~success,~~If ~~are~~this ~~highly~~market ~~dependent~~is onnot ~~success~~sustained inor ~~marketing~~we ~~our~~are ~~products~~unable ~~and~~to ~~consumer~~satisfy any future trading ~~acceptance~~criteria ofthat ~~those~~may ~~products.~~be Ifimposed ~~our~~by ~~products~~FINRA, ~~are~~there may not ~~widely~~be ~~accepted~~any orliquidity wefor ~~are~~our ~~unable~~shares. toWe ~~market~~have generated only limited revenue from the sale of our products ~~effectively,~~to date. weThese ~~may~~factors ~~face~~could ~~reduced~~have ~~share~~a ~~prices, decreased~~negative ~~profitability,~~impact ~~and~~on ~~decreased~~the ~~cash~~liquidity ~~flow~~of any investment made in our stock.

~~There~~Item is1B. aUnresolved ~~limited~~Staff ~~public market for our common shares at this time in the United States which may affect your ability to sell our stock.~~ Comments

~~Our~~As ~~shares~~a ~~currently~~“smaller ~~trade~~reporting oncompany”, ~~the OTCQB with limited trading. If this market is not sustained or~~ we are ~~unable to satisfy any future trading criteria that may be imposed by FINRA, there may~~ not berequired ~~any liquidity for our shares. We have generated only limited revenue from the sale of our products~~ to ~~date.~~provide ~~These factors could have a negative impact on~~ the ~~liquidity~~information ofrequired ~~any investment~~by ~~made~~this ~~in our stock~~Item.

Item 1B2. ~~Unresolved Staff Comments~~Properties

AsOur aprincipal ~~“smaller~~executive ~~reporting~~office ~~company”,~~is welocated ~~are~~at ~~not~~Unit ~~required~~8, to3/F. Wah ~~provide~~Yiu ~~the~~Industrial ~~information~~Centre, ~~required~~30-32 byAu ~~this~~Pui ~~Item~~Wan Street, Fotan, N.T. Hong Kong. This office is provided by our officer and is free of charge.

Item 23. ~~Properties~~Legal Proceedings

~~Our~~We ~~principal~~know ~~executive~~of ~~office~~no ismaterial, ~~located~~existing ator ~~Unit~~pending 8legal proceedings against us, ~~3/F.~~nor ~~Wah~~are we involved as a plaintiff in any material proceeding or ~~Yiu~~pending ~~Industrial~~litigation. ~~Centre,~~There ~~30-32~~are Auno ~~Pui~~proceedings ~~Wan~~in ~~Street~~which any of our directors, officers ~~Fotan~~or affiliates, ~~N.T.~~or ~~Hong~~any ~~Kong.~~registered ~~This office~~or beneficial shareholder, is ~~provided~~an adverse byparty ~~our~~or ~~officer~~has ~~and~~a ismaterial ~~free~~interest ofadverse ~~charge~~to our company.

Item 34. ~~Legal~~Mine ~~Proceedings~~Safety Disclosures

WeNot ~~know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation~~applicable. ~~There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company.~~

~~Item~~PART ~~4. Mine Safety Disclosures~~II

~~Not~~Item ~~applicable~~5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

~~PART~~Previously, IIour stock traded on the TSX Venture Exchange (“TSX-V”) which trading began on October 18, 2000. We voluntarily de-listed from the TSX-V on September 17, 2004. Our common stock began quotation on the OTC Bulletin Board on May 20, 2004 under the trading symbol “TAKDF”. On February 22, 2011 quotation of our common stock was moved to OTC Bulletin Board under the trading symbol TAKD. Our stock currently trades on the OTCQB electronic quotation service operated by OTC Markets Group, which is the successor of the OTC Bulletin Board. Trading in stocks quoted on the OTCQB is often thin and is characterized by wide fluctuations in trading prices due to many factors that may have little to do with a company's operations or business prospects. We cannot assure you that there will be a market for our common stock in the future.

~~Item~~OTCQB 5.securities ~~Market~~are ~~for~~not ~~Registrant’s~~listed ~~Common~~or ~~Equity~~traded on the floor of an organized national or regional stock exchange. Instead, ~~Related~~OTCQB ~~Stockholder~~securities transactions ~~Matters~~are conducted through a telephone and ~~Issuer~~computer ~~Purchases~~network connecting dealers in stocks. OTCQB issuers are traditionally smaller companies that do not meet the financial and other listing requirements of ~~Equity~~a ~~Securities~~regional or national stock exchange.

~~Previously,~~The ~~our~~following ~~stock traded on the TSX Venture Exchange (“TSX-V”) which trading began on October 18~~quotations, ~~2000.~~obtained ~~We voluntarily de-listed~~ from ~~the~~ ~~TSX-V~~OTC onMarkets ~~September 17~~Group, ~~2004. Our common stock began quotation on the OTC~~ ~~Bulletin~~reflect ~~Board on May 20, 2004 under~~ the ~~trading~~high ~~symbol~~and ~~“TAKDF”.~~low Onbids ~~February~~for ~~22, 2011 quotation of~~ our common ~~stock~~shares ~~was~~based ~~moved to OTC Bulletin Board under the trading symbol TAKD. Our stock currently trades~~ on ~~the OTCQB electronic~~inter-dealer ~~quotation~~prices, ~~service~~without ~~operated~~retail ~~by OTC Markets Group~~mark-up, ~~which~~mark-down isor ~~the~~commission ~~successor of the OTC Bulletin Board. Trading in stocks quoted on the OTCQB is often thin~~ and ~~is characterized by wide fluctuations in trading prices due to many factors that~~ may ~~have~~not ~~little to do with a company's operations or business prospects. We~~represent ~~cannot~~actual ~~assure you that there will be a market for our common stock in the future~~transactions.

~~OTCQB~~The ~~securities~~following ~~are~~table ~~not~~shows ~~listed~~the orhigh ~~traded~~and onlow ~~the~~bid ~~floor~~quotations ~~of an~~for ~~organized~~our ~~national~~common ~~or regional~~ stock ~~exchange.~~for ~~Instead,~~each ~~OTCQB~~fiscal ~~securities transactions~~quarter ~~are~~during ~~conducted~~our ~~through~~two amost ~~telephone~~recently ~~and computer network connecting~~completed ~~dealers~~fiscal ~~in stocks~~years. ~~OTCQB~~These ~~issuers~~quotations are ~~traditionally~~based ~~smaller~~on ~~companies~~inter-dealer ~~that~~prices, dowithout ~~not~~retail ~~meet~~mark-up, ~~the~~mark-down ~~financial~~or commission, and ~~other~~may ~~listing~~not ~~requirements~~represent ofactual ~~a regional or national stock exchange~~transactions.

The following quotations, obtained from OTC Markets Group, reflect the high and low bids for our common shares based on inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

OTC Markets Group Inc. OTCQB⁽¹⁾
Quarter Ended	High	Low
December 31, 2017	$0.082	$0.06
September 30, 2017	$0.14	$0.06
June 30, 2017	$0.143	$0.07
March 31, 2017	$0.2113	$0.022
December 31, 2016	$0.24	$0.01
September 30, 2016	$0.25	$0.03
June 30, 2016	$0.014	$0.0061
March 31, 2016	$0.0125	$0.0049
December 31, 2015	$0.0075	$0.0041

~~The~~(1) ~~following table shows~~ Over-the-counter ~~high~~market ~~and low bid~~ quotations ~~for~~ ~~our~~reflect ~~common stock for each fiscal quarter during our two most recently completed fiscal years. These quotations are based on~~ inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

OTC Markets Group Inc. OTCQB(1)
Quarter Ended	High	Low
December 31, 2016	$0.24	$0.01
September 30, 2016	$0.25	$0.03
June 30, 2016	$0.014	$0.0061
March 31, 2016	$0.0125	$0.0049
December 31, 2015	$0.0075	$0.0041
September 30, 2015	$0.05	$0.0035
June 30, 2015	$0.041	$0.025
March 31, 2015	$0.06	$0.04
December 31, 2014	$0.085	$0.041

Our common shares are issued in registered form. Transfer Online, Inc., 512 SE Salmon St., Portland, OR 97214 (Telephone: (503) 227-2950) is the registrar and transfer agent for our common shares.

~~(1)~~On ~~Over-the-counter~~April ~~market~~9, ~~quotations reflect~~2018, ~~inter-dealer~~the ~~prices~~shareholders' ~~without~~list ~~retail~~showed ~~mark-up,~~136 ~~mark-down~~registered shareholders orand ~~commission~~133,506,570 ~~and may~~common ~~not~~shares ~~represent actual transactions~~outstanding.

~~Our~~Dividend ~~common~~Policy ~~shares are issued in registered form. Transfer Online, Inc., 512 SE Salmon St., Portland, OR 97214 (Telephone: (503) 227-2950) is the registrar and transfer agent for our common shares.~~

OnWe ~~April~~have 17not paid any cash dividends on our common stock and have no present intention of paying any dividends on the shares of our common stock. Our current policy is to retain earnings, ~~2017~~if any, for use in our operations and in the ~~shareholders'~~development ~~list~~of ~~showed~~our ~~133~~business. ~~registered~~Our future dividend policy ~~shareholders~~will ~~and~~be ~~133,506,570~~determined ~~common~~from ~~shares~~time ~~outstanding~~to time by our board of directors.

~~Dividend~~Equity ~~Policy~~Compensation Plan Information

We have not ~~paid~~approved ~~any~~or ~~cash~~adopted ~~dividends on our common stock and have no present intention of paying~~ any ~~dividends~~equity oncompensation ~~the shares of our common stock~~plans. ~~Our current policy is to retain earnings, if any, for use in our~~ ~~operations and in the development of our business. Our future dividend policy will be determined from time to time by our board of directors.~~

~~Equity~~Recent ~~Compensation~~Sales ~~Plan~~of ~~Information~~Unregistered Securities; Use of Proceeds from Registered Securities

We ~~have~~did not ~~approved~~sell any equity securities which were not registered under the Securities Act during the year ended December 31, 2017 that were not otherwise disclosed on our quarterly reports on Form 10-Q or ~~adopted~~our ~~any~~current ~~equity~~reports on ~~compensation~~Form ~~plans~~8-K filed during the year ended December 31, 2017.

~~Recent~~Purchase ~~Sales~~ of ~~Unregistered~~Equity Securities; ~~Use~~by ofthe ~~Proceeds from~~Issuer ~~Registered~~and ~~Securities~~Affiliated Purchasers

We did not ~~sell~~purchase any ~~equity~~of ~~securities~~our ~~which~~shares ~~were~~of ~~not~~common ~~registered under~~stock ~~the~~or ~~Securities~~other securities ~~Act~~ during ~~the year ended December 31, 2016 that were not otherwise disclosed on~~ our ~~quarterly~~fourth ~~reports~~quarter onof ~~Form 10-Q or~~ our ~~current~~fiscal ~~reports on Form 8-K filed during the~~ year ended December 31, ~~2016~~2017.

~~Purchase~~Item of6. ~~Equity~~Selected ~~Securities~~Financial ~~by the Issuer and Affiliated Purchasers~~ Data

WeAs ~~did~~a ~~not~~“smaller ~~purchase~~reporting ~~any~~company”, ofwe ~~our~~are ~~shares~~not ofrequired ~~common stock or other~~to ~~securities~~provide ~~during~~the ~~our~~information ~~fourth~~required ~~quarter~~by ofthis ~~our fiscal year ended December 31, 2016~~Item.

Item 67. ~~Selected~~Management’s Discussion and Analysis of Financial ~~Data~~Condition and Results of Operations.

AsThe afollowing ~~“smaller~~discussion ~~reporting~~should ~~company”~~be read in conjunction with our audited consolidated financial statements and the related notes for the years ended December 31, we2017 and 2016 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not ~~required~~limited to those discussed ~~provide~~below and elsewhere in this annual report, particularly in the ~~information~~section ~~required~~entitled "Risk byFactors" beginning on page 10 of this ~~Item~~annual report.

~~Item~~Our 7.audited ~~Management’s~~consolidated ~~Discussion~~financial ~~and~~statements ~~Analysis~~are ofstated ~~Financial~~in United ~~Condition~~States Dollars and ~~Results~~are ofprepared ~~Operations~~in accordance with United States Generally Accepted Accounting Principles.

~~The~~Operating ~~following~~Results discussion should be read in conjunction with our audited consolidated financial statements and the related notes for the years ended December 31, 2016 and December 31, 2015 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this annual report, particularly in the section entitled "Risk Factors" beginning on page 9 of this annual report.

~~Our~~No ~~audited~~business ~~consolidated~~activities ~~financial~~for ~~statements~~the ~~are~~period ~~stated~~of ~~in United~~last ~~States Dollars and are prepared in accordance with United States~~twelve ~~Generally Accepted Accounting Principles~~months.

~~Operating~~ Results of Operation for the Years Ended December 31, 2017 Compared to the Year Ended December 31, 2016

OnResults ~~July 26, 2012, we acquired 100%~~ of ~~the~~Operation equity interests of the Vegfab Agricultural Technology Co. Ltd. (the “Vegfab”) for the sum of US$5,500,000. The acquisition was accounted for as a business combination under the purchase method of accounting. Vegfab’s results of operations were included in our results beginning July 27, 2012. Due to recurring losses from operations, and in order to conserve operating resources, our management decided to sell Vegfab on June 30, 2015. The resulting adjustment to our operating losses was not reflected until fiscal 2016, when we incurred operating losses of $258,313 compared to $635,187 incurred during fiscal 2015.

Our ~~plan~~operating ofresults ~~operations~~ for ~~fiscal~~the ~~2017~~years ~~includes~~ended ~~the~~December ~~following~~31, 2017 and ~~budgeted~~2016 ~~expenditures~~are summarized as follows:

12 Month Capital Requirements Forecast	USD2
		Year Ended
	Beginning January 1, 2017
		December 31,			December 31,
Capital required for expansion plans1	$1,000,000
		2017			2016
Salaries	$115,000
Sales, net	$	-		$	-
Accounting and Legal Expenses	$75,000
Cost of sales	$	-		$	-
Public company reporting costs	$17,500
Gross Profit(Loss)	$	-		$	-
Selling, general and administrative expense	$100,000
Selling, general and administrative expenses	$	(207,796	)	$	(258,313	)
Contingency	$100,000
Loss from operations	$	(207,796	)	$	(258,313	)
Total	$1,407,500
Total Other income (expenses)	$	(13,144	)	$	(41,187	)
Provision for income taxes expense (benefit)	$	Nil		$	Nil
Net loss	$	(220,940	)	$	(299,500	)
Net loss attributable to non-controlling interest	$	-		$	-
Net loss attributable to TRANSAKT LTD.	$	(220,940	)	$	(299,500	)

	1.	Capital for plan to acquire factory in China, further R&D expenses.
	2.	Based on 2016 average exchange rate of $0.128625.

Revenues & Cost of Sales

AsThere ofwas ~~April~~no ~~17,~~sales ~~2017~~revenue wefor ~~will~~the ~~require~~year ~~additional~~ended ~~financing~~December ~~of approximately $1~~31,~~400,000~~ ~~to execute our business strategy for fiscal~~ 2017~~. If we~~ ~~are~~and ~~unable to raise sufficient financing, we intend to scale back our business in order to accommodate available financing or revenue streams derived from our current operations~~2016.

~~Results~~Cost of ~~Operation~~sales was zero for the ~~Years~~year ~~Ended~~ended December 31, 2017 ~~2016~~since ~~Compared to~~ the ~~Year~~zero ~~Ended~~sales ~~December~~in ~~31, 2015~~ 2017.

~~Results~~Selling, ofgeneral ~~Operation~~and administrative expenses

~~Our~~Selling, ~~operating~~general ~~results~~and administrative expenses for the ~~years~~year ended December 31, 2017 totaled $207,796 compared to operating expenses of $258,313 during the year ended December 31, 2016 ~~and~~down by 20% The decrease in operating ~~2015~~expenses ~~are~~was ~~summarized~~primarily asdue ~~follows:~~to the tightening of budget during the year.

		Year Ended
		December 31,			December 31,
		2016			2015
Sales, net	$	-		$	81,145
Cost of sales	$	-		$	72,145
Gross Profit(Loss)	$	-		$	9,000
Selling, general and administrative expenses	$	258,313		$	644,187
Loss from operations	$	(258,313	)	$	(635,187	)
Total Other income (expenses)	$	(41,187	)	$	332,253
Provision for income taxes expense (benefit)	$	Nil		$	Nil
Net loss	$	(299,500	)	$	(302,934	)
Net loss attributable to non-controlling interest	$	-		$	-
Net loss attributable to TRANSAKT LTD.	$	(299,500	)	$	(302,934	)

Loss from Operations

~~Revenues~~Loss &from ~~Cost~~operations for the year ended December 31, 2017 totaled $207,796 compared to $258,313 from the same period in 2016 decreased by $50,517. The decrease was primarily due to the tightening of ~~Sales~~budget during the year.

~~There~~Other ~~was~~Income no(expenses) ~~sales revenue for the year ended December 31, 2016 compare to $81,145 from the same period in 2015. The decrease in net revenue was primarily due to the disposal of Vegfab on June 30, 2015.~~

~~Cost~~Other of(expense) ~~sales~~/ ~~was~~income ~~zero~~decrease approximately $(28,043) to $(13,144) for the year ended December 31, ~~2016 since~~2017 ~~the~~from ~~zero~~($41,187) ~~sales~~for the same period in 2016. The increase in net other expense was primarily due to the decrease in interest expense on convertible note.

~~Selling,~~Net ~~general~~loss ~~and administrative expenses~~

~~Selling,~~As ~~general~~a ~~and~~result ~~administrative~~of ~~expenses for~~ the ~~year~~above ~~ended December 31~~factors, ~~2016~~we ~~totaled~~have ~~$258,313~~net ~~compared~~loss attributable to ~~operating~~the ~~expenses~~Company’s common stockholders of approximately $~~644~~220,~~187 during~~940 for the year ended December 31, ~~2015~~2017 ~~down~~as bycompared ~~60%~~to ~~The~~a ~~decrease~~loss inof ~~operating expenses~~$299,500 ~~was~~for ~~primarily~~the ~~due~~year toended December ~~the~~31, ~~disposal~~2016, ofrepresenting ~~Vegfab~~a ondecrease ~~June~~of ~~30,~~approximately ~~2015~~$78,560.

~~Loss~~Inflation ~~from Operations~~

~~Loss~~Our ~~from~~opinion ~~operations~~is ~~for~~that ~~the~~inflation ~~year~~has ~~ended~~not ~~December 31~~had, ~~2016 totaled~~and ~~$258,313~~is ~~compared~~not expected to ~~$635~~have,~~187~~ ~~from~~a ~~the~~material ~~same~~effect ~~period in 2015 decreased by $376,874. The decrease was primarily due to the disposal of Vegfab~~ on ~~June~~our ~~30, 2015~~operations.

~~Other~~Climate ~~Income~~Change ~~(expenses)~~

~~Other~~Our ~~(expense)~~opinion /is ~~income~~that ~~increased~~neither ~~approximately~~climate ~~$(373~~change,~~440)~~ tonor governmental ~~$(41,187)~~regulations ~~for~~related ~~the~~to ~~year~~climate ~~ended December 31~~change, ~~2016~~have ~~from $332~~had,~~253~~ ~~for~~or ~~the~~are ~~same~~expected ~~period in 2015. The increase in net other expense was primarily due~~ to ~~the~~have, ~~increase in~~any ~~interest~~material ~~expense~~effect on ~~convertible~~our ~~note and decrease of gain on disposal of investments~~operations.

~~Net~~Liquidity ~~loss~~

AsWorking aCapital result of the above factors, we have net loss attributable to the Company’s common stockholders of approximately $299,500 for the year ended December 31, 2016 as compared to a loss of $302,934 for the year ended December 31, 2015, representing a decrease of approximately $3,434.

Inflation

		At		At
		December 31,		December 31,
		2017		2016
Current assets	$	445,630	$	648,601
Current liabilities	$	35,656	$	1,063,504
Working capital	$	409,974	$	(414,903	)

~~Our~~Cash ~~opinion~~Flows ~~is that inflation has not had, and is not expected to have, a material effect on our operations.~~

Climate Change

		Fiscal year ended December 31,
		2017		2016
Net cash used in operating activities	$	198,122	$	277,938
Net cash used in investing activities	$	-	$	-
Net cash provided by financing activities	$	-	$	809,000

~~Our~~Net ~~opinion~~cash isflow ~~that~~used ~~neither~~in ~~climate~~operating ~~change,~~activities ~~nor~~was ~~governmental~~$198,122 in ~~regulations~~2017, ~~related~~compared to ~~climate change~~$277,938 ~~have~~in ~~had~~2016, ora ~~are~~decrease ~~expected~~of ~~to have~~$79,816. ~~any~~The decrease in net ~~material~~cash ~~effect~~flow onused ~~our~~in ~~operations~~operating activities was mainly due to lower operation cost.

~~Liquidity~~There is no net cash flow used in investing activities for 2017 and 2016.

~~Working~~Net ~~Capital~~cash flow provided by financing activities was $0 for 2017, compared to net cash flow provided by financing activities of $809,000 for 2016, a decrease of $809,000.

		At			At
		December 31,			December 31,
		2016			2015
Current assets	$	648,601		$	114,681
Current liabilities	$	1,063,504		$	234,373
Working capital	$	(414,903	)	$	(119,692	)

Our working capital was $409,974 as of December 31, 2017 compared to $(414,903) as of December 31, 2016.

~~Cash~~In ~~Flows~~management’s opinion, our working capital is not currently sufficient for our present requirements. However, we will continue to evaluate alternative sources of capital to meet our growth requirements, including other asset or debt financing, issuing equity securities and entering into other financing arrangements. There can be no assurance, however, that any of the contemplated financing arrangements described herein will be available and, if available, can be obtained on terms favorable to us.

		Fiscal year ended December 31,
		2016		2015
Net cash used in operating activities	$	277,938	$	508,656
Net cash used in investing activities	$	-	$	628
Net cash provided by financing activities	$	809,000	$	460,523

Historically, operations and short-term financing have been sufficient to meet our cash needs. We believe that we will be raise capital through private placement offerings of our equity securities to provide the necessary cash flow to meet anticipated working capital requirements. However, our actual working capital needs for the long and short -term will depend upon numerous factors, including operating results, competition, and the availability of credit facilities, none of which can be predicted with certainty. Future expansion will be limited by the availability of financing products and raising capital.

~~Net~~Capital ~~cash~~Expenditure flow used in operating activities was $277,938 in 2016, compared to $508,656 in 2015, a decrease of $230,718. The decrease in net cash flow used in operating activities was mainly due to the disposal of Vegfab in June 30, 2015.

~~There~~Total iscapital noexpenditures ~~net~~were ~~cash~~$0 ~~flow~~for ~~used~~the inyears ~~investing~~ended ~~activities for~~December ~~2016~~31, ~~compared~~2017 toand ~~net cash flow used in investing activities of $628 for 2015~~2016, ~~a decrease of $628~~respectively.

~~Net~~Currency ~~cash~~Exchange ~~flow~~Fluctuations provided by financing activities was $809,000 for 2016, compared to net cash flow provided by financing activities of $460,523 for 2015, an increase of $348,477. The increase in net cash flow provided by financing activities of continuing operations in 2016 was mainly due to the issuance of convertible note to our CEO-Mr. Ho for one million during 2016.

~~Our~~The ~~working~~Company ~~capital~~financial ~~was~~statements are presented in the U.S. dollar ($~~414,903~~), aswhich ofis ~~December~~the 31Company’s reporting currency, ~~2016~~while its functional ~~compared~~currency tois Hong Kong Dollar (~~$119,692~~HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of ~~December~~income. ~~31,~~Monetary ~~2015~~assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

In ~~management’s~~accordance ~~opinion,~~with ~~our~~ASC ~~working~~830, ~~capital~~Foreign isCurrency ~~not~~Matters, ~~currently~~the ~~sufficient~~Company ~~for~~translates ~~our~~the ~~present~~assets ~~requirements.~~and ~~However,~~liabilities weinto ~~will~~U.S. ~~continue~~dollar to($) ~~evaluate~~using the ~~alternative~~rate ~~sources~~ of ~~capital~~exchange toprevailing ~~meet~~at ~~our~~the ~~growth~~balance ~~requirements,~~sheet ~~including~~date ~~other asset or debt financing, issuing equity securities~~ and ~~entering~~the ~~into~~statements ~~other~~of ~~financing~~operations ~~arrangements.~~and ~~There~~cash ~~can~~flows beare notranslated ~~assurance,~~at ~~however,~~an ~~that~~average ~~any~~rate ofduring the reporting ~~contemplated~~period. ~~financing~~Adjustments ~~arrangements~~resulting ~~described~~from ~~herein~~the ~~will~~translation befrom ~~available~~HKD ~~and,~~into ifU.S. dollar are ~~available,~~recorded ~~can~~in bestockholders’ ~~obtained~~equity onas ~~terms~~part ~~favorable~~of toaccumulated ~~us.~~other comprehensive income.

~~Historically,~~Cash operations and short-term financing have been sufficient to meet our cash needs. We believe that we will be raise capital through private placement offerings of our equity securities to provide the necessary cash flow to meet anticipated working capital requirements. However, our actual working capital needs for the long and short -term will depend upon numerous factors, including operating results, competition, and the availability of credit facilities, none of which can be predicted with certainty. Future expansion will be limited by the availability of financing products and raising capital.Requirements

We used cash in operations of $198,122 for the year ended ~~Capital~~December ~~Expenditure~~31, 2017. We continue to be dependent on the proceeds of equity and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us.

~~Total~~Research ~~capital expenditures were $0~~ and ~~$628~~Development ~~for the years ended December 31, 2016 and 2015, respectively.~~

No significant research and development expenses were incurred ~~Currency~~in ~~Exchange~~2017 ~~Fluctuations~~or 2016.

~~The~~Off-Balance ~~Company~~Sheet ~~financial~~Arrangements statements are presented in the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is New Taiwan dollar (NTD), Canadian Dollar (CAD), and Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

InWe ~~accordance~~have ~~with~~no ~~ASC~~off-balance ~~830,~~sheet ~~Foreign~~arrangements ~~Currency~~that ~~Matters,~~have ~~the~~or ~~Company~~are reasonably ~~translates~~likely ~~the~~to ~~assets~~have ~~and~~a ~~liabilities~~current ~~into~~or ~~U.S.~~future ~~dollar~~effect ~~($)~~on ~~using~~our ~~the~~financial ~~rate~~condition, changes ofin ~~exchange~~financial ~~prevailing~~condition, atrevenues ~~the~~or ~~balance~~expenses, ~~sheet~~results ~~date and the statements~~ of operations ~~and cash flows are~~, ~~translated at an average rate during the reporting period. Adjustments resulting from the translation from NTD~~liquidity, ~~CAD,~~capital ~~and~~expenditures ~~HKD~~or ~~into~~capital ~~U.S.~~resources ~~dollar~~that are ~~recorded~~material in to stockholders~~’ equity as part of accumulated other comprehensive income~~.

~~Cash~~Critical ~~Requirements~~Accounting Policies

WePrinciples ~~used cash in operations~~ of $277,938 for the year ended December 31, 2016. We continue to be dependent on the proceeds of equity and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us. We anticipate that over the next twelve months, we will need a minimum of $1,400,000 to sustain our current operations and market our products effectively.Consolidation

The consolidated financial statements include the accounts of ~~Research~~TransAKT (BVI) Limited and ~~Development~~its wholly owned subsidiaries, TransAKT Bio Agritech Ltd., collectively referred to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

NoGoing ~~significant~~Concern ~~research and development expenses were incurred in 2016 or 2015.~~

We has incurred a net loss attributable to the Company’s common ~~Off-Balance~~ stockholders ~~Sheet~~of ~~Arrangements~~$220,940 and $299,500 during the years ended December 31, 2017 and 2016, respectively, and has an accumulated deficit of $22,350,526 and $22,129,586 as of December 31, 2017 and December 31, 2016, respectively.

WeThe ~~have~~accompanying noconsolidated ~~off-balance~~financial ~~sheet~~statements ~~arrangements~~have ~~that~~been prepared ~~have~~assuming orthat ~~are~~the ~~reasonably~~Company ~~likely~~will tocontinue ~~have~~as a ~~current~~going orconcern. ~~future~~This ~~effect~~basis of onaccounting ~~our~~contemplates ~~financial~~the ~~condition,~~recovery ~~changes~~of inthe ~~financial~~Company’s ~~condition,~~assets ~~revenues~~and orthe satisfaction ~~expenses,~~of ~~results~~liabilities in the normal course of ~~operations,~~business. ~~liquidity~~This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the orpayment ~~capital~~of ~~resources~~liabilities ~~that~~in ~~are~~the ~~material~~normal tocourse ~~stockholders~~of operations for the foreseeable future.

The ability of the Company to continue research and development ~~Critical~~projects ~~Accounting~~and ~~Policies~~realize the capitalized value of proprietary technologies and related assets is dependent upon future commercial success of the technologies and raising sufficient funds to continue research and development as well as to effectively market its products. Through December 31, 2017, the Company has not realized commercial success of the technologies, nor have they raised sufficient funds to continue research and development or to market its products.

There can be no assurances that there will be adequate ~~Principles~~financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of ~~Consolidation~~assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

The ~~consolidated~~Company ~~financial~~has ~~statements~~taken ~~include~~certain restructuring steps to provide the ~~accounts~~necessary ofcapital ~~TransAKT~~to ~~Bio~~continue ~~Agritech~~its ~~Ltd~~operations., ~~collectively~~These ~~referred~~steps toincluded: ~~within~~(1) Tightly asbudgeting ~~the~~and controlling all expenses; (2) The Company. ~~All~~plans ~~material~~to continue ~~inter-company~~actively ~~accounts,~~seeking ~~transactions,~~additional ~~and~~funding ~~profits~~opportunities ~~have~~to ~~been~~improve ~~eliminated~~and inexpand upon ~~consolidation~~our product lines.

~~Going~~Use ~~Concern~~of Estimates

WeThe ~~has~~preparation ~~incurred~~of afinancial ~~net~~statements ~~loss~~in ~~attributable~~conformity towith generally accepted accounting principles in the ~~Company’s~~United ~~common~~States ~~stockholders~~(“GAAP”) ofrequires management ~~$299,500~~to make certain estimates and ~~$302,934~~assumptions ~~during~~that affect the ~~years~~reported amounts ~~ended~~of ~~December~~assets ~~31,~~and ~~2016~~liabilities and ~~2015,~~disclosure ~~respectively,~~of ~~and~~contingent ~~has~~assets anand liabilities ~~accumulated~~at ~~deficit~~the date of ~~$22,129,586~~the financial statements and ~~$21,830,086~~ asthe reported amounts of revenues ~~December~~and ~~31,~~expenses ~~2016~~during ~~and~~the ~~December~~reporting ~~31,~~period. ~~2015,~~Actual ~~respectively~~results could differ from those estimates.

~~The~~Revenue ~~accompanying~~Recognition consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.

~~The~~Revenues ~~ability~~are ofrecognized ~~the~~when ~~Company~~finished toproducts ~~continue~~are ~~research~~shipped to customers and ~~development~~both ~~projects~~title and ~~realize~~ the ~~capitalized~~risks ~~value of proprietary technologies~~ and ~~related~~rewards ~~assets is dependent upon future commercial success~~ of ~~the~~ownership ~~technologies~~are ~~and raising sufficient funds to~~transferred ~~continue research~~ and ~~development~~collectability asis ~~well~~reasonably ~~as to effectively market its products~~assured. ~~Through~~The ~~December~~Company’s ~~31,~~revenues ~~2016,~~are ~~the~~recorded upon ~~Company~~confirmed ~~has~~acceptance ~~not~~after ~~realized~~inspection ~~commercial~~by ~~success~~the customers of the ~~technologies, nor have they raised sufficient funds to continue research and development or to market its products~~Company.

~~There~~Exchange ~~can~~Gain be(Loss): no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

~~The~~During ~~Company~~the ~~has~~years ~~taken~~ended ~~certain~~December ~~restructuring~~31, ~~steps~~2017 toand ~~provide~~2016, the transactions ~~necessary~~of ~~capital~~TransAKT toBio ~~continue~~Agritech ~~its operations~~Ltd. ~~These~~were ~~steps~~denominated ~~included:~~in ~~(1)~~foreign ~~Tightly~~currency and ~~budgeting~~were ~~and~~recorded ~~controlling~~in ~~all~~Hong ~~expenses;~~Kong Dollar (2HKD) ~~Expanding~~at the ~~company’s~~rates ~~operations~~of ~~into~~exchange ~~China,~~in effect ~~expanding~~when ~~product~~the ~~lines~~transactions ~~and~~occur. ~~recruiting~~Exchange agains ~~strong sales team to significantly increase sales revenue~~ and ~~profit~~losses inare ~~2017;~~recognized ~~(3)~~for ~~Cooperate~~the different ~~with~~foreign ~~local~~exchange ~~partners~~rates inapplied ~~Guangdong~~when ~~province,~~the ~~China~~foreign tocurrency ~~research~~assets and ~~develop new products. (4)The Company plans to~~ ~~continue~~liabilities ~~actively~~are ~~seeking additional funding opportunities to improve and expand upon our product lines~~settled.

~~Use~~Translation ofAdjustment ~~Estimates~~

The ~~preparation~~Company of financial statements inare ~~conformity~~presented ~~with~~in ~~generally~~the ~~accepted~~U.S. dollar ~~accounting~~($), ~~principles~~which inis the ~~United~~Company’s ~~States~~reporting currency, while its functional currency is Hong Kong Dollar (~~“GAAP”~~HKD). ~~requires~~Transactions ~~management~~in toforeign ~~make~~currencies ~~certain~~are initially ~~estimates~~recorded ~~and~~at ~~assumptions~~the ~~that~~functional ~~affect~~currency ~~the~~rate ~~reported~~ruling ~~amounts~~at ofthe ~~assets~~date of ~~and~~transaction. ~~liabilities~~Any differences between the initially recorded amount and ~~disclosure~~the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of ~~contingent~~income. Monetary assets and liabilities denominated in foreign currency are translated at the ~~date~~functional currency rate of exchange ruling at the ~~financial~~balance ~~statements~~sheet ~~and~~date. ~~the~~Any ~~reported~~differences ~~amounts~~are oftaken ~~revenues~~to profit ~~and~~or ~~expenses~~loss ~~during~~as ~~the~~a ~~reporting~~gain ~~period.~~or ~~Actual~~loss ~~results~~on ~~could~~foreign ~~differ~~currency ~~from~~translation ~~those~~in ~~estimates~~the statements of income.

In accordance with ASC 830, Foreign Currency Matters, the ~~Revenue~~Company ~~Recognition~~translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~Revenues~~Comprehensive ~~are~~Income recognized when finished products are shipped to customers and both title and the risks and rewards of ownership are transferred and collectability is reasonably assured. The Company’s revenues are recorded upon confirmed acceptance after inspection by the customers of the Company.

Comprehensive income includes accumulated foreign currency ~~Exchange~~translation ~~Gain~~gains ~~(Loss):~~and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.

~~During~~Advertising the years ended December 31, 2016 and 2015, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of exchange in effect when the transactions occur. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

Advertising expenses consist primarily of costs of promotion ~~Translation~~for ~~Adjustment~~corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.

~~The~~Income Company financial statements are presented in the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income. Taxes

InThe Company accounts for income taxes in accordance with ASC 740, ~~830~~Income Taxes, ~~Foreign~~which ~~Currency~~requires ~~Matters,~~that the Company ~~translates~~recognize ~~the~~deferred ~~assets~~tax liabilities and ~~liabilities~~assets ~~into~~based ~~U.S.~~on ~~dollar ($) using~~ the ~~rate~~differences ofbetween ~~exchange prevailing at~~ the ~~balance~~financial ~~sheet~~statement carrying ~~date~~amounts and the ~~statements~~tax basis of ~~operations~~assets and ~~cash~~liabilities, ~~flows~~using ~~are~~enacted tax ~~translated~~rates atin aneffect ~~average~~in ~~rate~~the ~~during~~years the ~~reporting~~differences ~~period~~are expected to reverse. ~~Adjustments~~Deferred income ~~resulting~~tax benefit (expense) results from the ~~translation~~change ~~from~~in ~~HKD~~net ~~into~~deferred Utax assets or deferred tax liabilities.S. ~~dollar~~A ~~are~~valuation allowance is recorded when, in ~~stockholders’~~the opinion ~~equity~~of asmanagement, ~~part~~it is more likely than not that some or all of ~~accumulated~~any deferred ~~other~~tax ~~comprehensive~~assets ~~income~~will not be realized.

~~Comprehensive~~Statement ~~Income~~of Cash Flows

~~Comprehensive~~Cash ~~income~~flows ~~includes~~from ~~accumulated~~the ~~foreign~~Company's ~~currency~~operations ~~translation~~are ~~gains~~based ~~and~~upon ~~losses~~the local currencies. ~~The~~As ~~Company~~a ~~has~~result, amounts related to assets and liabilities reported on the ~~components~~statement of ~~comprehensive~~cash ~~income~~flows onwill ~~its~~not ~~statements~~necessarily ofagree ~~stockholders’~~with ~~equity~~changes in the corresponding balances on the balance sheet.

~~Advertising~~Concentration of Credit Risk

~~Advertising~~Financial ~~expenses~~instruments ~~consist~~that ~~primarily~~potentially ofsubject ~~costs~~the Company to concentrations of ~~promotion~~credit ~~for~~risk ~~corporate~~are ~~image~~accounts receivable and ~~product~~other ~~marketing~~receivables arising ~~and~~from ~~costs~~its ofnormal ~~direct~~business ~~advertising~~activities. The Company ~~expenses~~has ~~all~~a ~~advertising~~diversified customer ~~costs~~base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for un-collectible accounts and, as ~~incurred~~a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

~~Income~~Cash ~~Taxes~~and Cash Equivalents

~~The~~Cash ~~Company~~and ~~accounts~~cash ~~for~~equivalents ~~income~~include ~~taxes~~cash in ~~accordance~~hand ~~with~~and ~~ASC~~cash ~~740,~~in ~~Income Taxes~~time deposits, ~~which~~certificates ~~requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis~~ of ~~assets~~deposit and ~~liabilities,~~all ~~using~~highly ~~enacted~~liquid ~~tax~~debt ~~rates~~instruments ~~in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation~~with ~~allowance~~original ismaturities ~~recorded when, in the opinion~~ of ~~management,~~three itmonths ~~is more likely than not that some~~ or ~~all of any deferred tax assets will not be realized~~less.

~~Statement~~Fair Value of ~~Cash~~Financial ~~Flows~~Instruments

~~Cash~~In ~~flows~~the ~~from~~first quarter of fiscal year 2008, the Company's ~~operations~~adopted Accounting ~~are~~Standards ~~based~~Codification ~~upon~~subtopic ~~the~~820-10, ~~local~~Fair ~~currencies~~Value Measurements and Disclosures (“ASC 820-10”). AsASC a820-10 ~~result~~defines fair value, ~~amounts~~establishes ~~related~~a framework tofor ~~assets~~measuring fair value, and ~~liabilities~~enhances ~~reported~~fair onvalue measurement disclosure. ASC 820-10 delays, until the ~~statement~~first quarter of ~~cash~~fiscal ~~flows~~year ~~will~~2009, ~~not~~the effective ~~necessarily~~date ~~agree~~for ~~with~~ASC ~~changes~~820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial ~~corresponding~~statements ~~balances~~on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the ~~balance~~ ~~sheet~~Company’s financial position or operations.

Effective October 1, 2008, the Company adopted Accounting ~~Concentration~~Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of ~~Credit~~these statements ~~Risk~~had an impact on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable and other receivables arising from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, Stock-based ~~upon~~Compensation factors surrounding the credit risk, establishes an allowance, if required, for un-collectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

The Company records stock-based compensation expense pursuant ~~Cash~~to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and ~~Cash~~recognize ~~Equivalents~~the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~Cash~~Stock-based ~~and~~compensation ~~cash~~expense ~~equivalents~~is ~~include~~recognized ~~cash~~based inon ~~hand~~awards expected to vest, and ~~cash~~there inwere ~~time~~no ~~deposits,~~estimated ~~certificates~~forfeitures as the Company has a short history of ~~deposit~~issuing ~~and~~options. ~~all~~ASC ~~highly~~718-10 ~~liquid~~requires ~~debt~~forfeitures ~~instruments~~to ~~with~~be estimated ~~original~~at ~~maturities~~the time of ~~three~~grant ~~months~~and orrevised ~~less~~in subsequent periods, if necessary, if actual forfeitures differ from those estimates.

~~Fair~~Net ~~Value~~Loss ofPer ~~Financial~~Share ~~Instruments~~

InThe ~~the first quarter of fiscal year 2008, the~~ Company has adopted Accounting Standards Codification subtopic ~~820~~260-10, ~~Fair~~Earnings ~~Value~~Per ~~Measurements~~Share ~~and Disclosures~~ (“ASC ~~820~~260-10”). ~~ASC~~which ~~820-10~~specifies ~~defines fair value, establishes a framework for measuring~~the ~~fair value~~computation, presentation and ~~enhances~~disclosure ~~fair~~requirements ~~value~~of ~~measurement~~earnings ~~disclosure~~per share information. ~~ASC~~Basic ~~820-10~~earnings ~~delays,~~per ~~until~~share ~~the~~have ~~first~~been ~~quarter~~calculated ofbased ~~fiscal~~upon ~~year 2009,~~ the weighted ~~effective~~average ~~date~~number ~~for~~of ~~ASC~~common ~~820-10~~shares ~~for~~outstanding. ~~all~~Common ~~non-financial~~equivalent ~~assets and non-financial liabilities, except those that are~~shares ~~recognized~~are orexcluded ~~disclosed~~from ~~at fair value in~~ the ~~financial~~computation ~~statements on a recurring basis (at least annually). The adoption~~ of ~~ASC~~the ~~820-10~~diluted ~~did~~loss ~~not~~per ~~have~~share aif ~~material~~their ~~impact~~effect would onbe ~~the Company’s financial position or operations~~anti-dilutive.

~~Effective~~Intangible ~~October~~assets 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of these statements had an impact on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

Intangible assets include a patent. With the adoption of FASB ~~Stock~~ASC Topic 350, “Intangibles”, intangible assets with a definite life are amortized on a straight-~~based~~line ~~Compensation~~basis. The patent is being amortized over its estimated life of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

Recent ~~The~~accounting Company records stock-based compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. pronouncements

~~Stock-based~~FASB ~~compensation~~Clarifies ~~expense~~the isDefinition ~~recognized~~of ~~based~~a onBusiness. ~~awards~~The ~~expected~~FASB tohas issued ~~vest,~~Accounting ~~and~~Standards ~~there~~Update ~~were~~No. no2017-01, ~~estimated~~Business ~~forfeitures~~Combinations as(Topic 805): Clarifying the ~~Company~~Definition ~~has~~of a ~~short~~Business, ~~history~~clarifying ofthe ~~issuing~~definition ~~options~~of a business. ~~ASC~~The ~~718-10~~amendments ~~requires~~affect ~~forfeitures~~all tocompanies beand ~~estimated~~other atreporting ~~the time of grant and~~organizations ~~revised~~that inmust ~~subsequent~~determine ~~periods,~~whether ifthey ~~necessary,~~have ifacquired ~~actual~~or ~~forfeitures~~sold ~~differ~~a ~~from those estimates~~business.

The definition of a business affects many areas of accounting ~~Net~~including ~~Loss~~acquisitions, ~~Per~~disposals, ~~Share~~goodwill, and consolidation. The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments provide a more robust framework to use in determining when a set of assets and activities is a business. They also provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable.

For ~~The~~public ~~Company~~companies, ~~has~~the ~~adopted~~amendments ~~Accounting~~are ~~Standards~~effective ~~Codification~~for ~~subtopic~~annual periods ~~260-10,~~beginning ~~Earnings~~after ~~Per~~December ~~Share~~15, ~~(“ASC 260-10”) which specifies the computation~~2017, ~~presentation~~including ~~and~~interim ~~disclosure~~periods ~~requirements~~within those ~~of earnings per share information~~periods. ~~Basic~~For ~~earnings~~all ~~per share~~other ~~have~~companies ~~been~~and ~~calculated~~organizations, ~~based upon~~ the ~~weighted~~amendments ~~average~~are effective ~~number~~for ofannual ~~common~~periods ~~shares~~beginning ~~outstanding.~~after ~~Common~~December ~~equivalent~~15, ~~shares~~2018, ~~are~~and ~~excluded~~interim periods ~~from~~within ~~the~~annual ~~computation~~periods ofbeginning ~~the~~after ~~diluted~~December ~~loss~~15, ~~per share if their effect would be anti-dilutive~~2019.

The FASB has issued Accounting Standards Update (ASU) No. ~~Goodwill~~2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and ~~intangible~~Net ~~assets~~Periodic Postretirement Benefit Cost. The amendments apply to all employers, including not-for-profit entities, that offer to their employees defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715, Compensation — Retirement Benefits.

The ~~Goodwill~~amendments isrequire ~~calculated~~that asan ~~the~~employer ~~purchase~~report ~~premium~~the ~~after~~service ~~adjusting~~cost component ~~for~~in the ~~fair~~same ~~value~~line ofitem ~~net~~or ~~assets~~items ~~acquired.~~as ~~Goodwill~~other iscompensation ~~not~~costs ~~amortized~~arising from ~~but~~services isrendered ~~reviewed~~by ~~for~~the ~~potential~~pertinent ~~impairment~~employees onduring anthe ~~annual~~period. ~~basis,~~The ~~or when events or circumstances indicate a potential~~other ~~impairment,~~components atof ~~the~~net ~~reporting~~benefit ~~unit~~cost ~~level.~~are Arequired ~~reporting~~to ~~unit,~~be aspresented ~~defined~~in ~~under~~the ~~applicable~~income statement ~~accounting~~separately ~~guidance,~~from isthe aservice ~~business~~cost ~~segment~~component orand ~~one~~outside ~~level below~~ a ~~business~~subtotal ~~segment.~~of income ~~Under~~from ~~applicable accounting guidance~~operations, ~~the~~if ~~goodwill~~one ~~impairment analysis~~ is ~~a two-step test~~presented. ~~The~~If ~~first~~a ~~step~~separate ofline ~~the~~item ~~goodwill~~or ~~impairment~~items are ~~test~~used ~~involves~~to ~~comparing~~present the ~~fair~~other ~~value~~components of ~~each~~net ~~reporting~~benefit ~~unit~~cost, ~~with~~that ~~its~~line ~~carrying~~item ~~amount~~or items ~~including~~must ~~goodwill~~be appropriately described. If ~~the~~a ~~fair~~separate ~~value~~line ofitem ~~the~~or ~~reporting~~items ~~unit~~are ~~exceeds its carrying amount~~not used, ~~goodwill of~~ the ~~reporting~~ ~~unit~~line isitem ~~considered~~or ~~not~~items ~~impaired;~~used ~~however,~~in if the ~~carrying~~income ~~amount~~statement ofto present the ~~reporting~~other components ~~unit~~of ~~exceeds~~net ~~its~~benefit ~~fair~~cost ~~value, the second step~~ must be ~~performed to measure potential impairment~~disclosed.

The ~~second~~amendments ~~step~~also ~~involves~~allow ~~calculating~~only anthe ~~implied~~service ~~fair~~cost ~~value~~component ofto ~~goodwill~~be eligible for ~~each~~capitalization ~~reporting~~when ~~unit~~applicable ~~for which the first step indicated possible impairment~~(e. ~~The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination~~g., ~~which is the excess of the fair value of the reporting unit,~~ as ~~determined in the first step, over the aggregate fair values of the assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in~~ a ~~business~~cost ~~combination. Measurement~~ of ~~the fair values of the assets and liabilities of a reporting unit is consistent with the requirements of the fair value measurements accounting guidance, which defines fair value as the price~~internally ~~that~~manufactured ~~would~~inventory ~~be received to sell an asset~~ or ~~paid to transfer~~ a ~~liability~~self-constructed ~~in an orderly transaction between market participants at the measurement date~~asset). The adjustments to measure the assets, liabilities, and intangibles at fair value are for the purpose of measuring the implied fair value of goodwill and such adjustments are not reflected in the consolidation balance sheet. If the implied fair value of goodwill exceeds the goodwill assigned to the reporting unit, there is no impairment. If the goodwill assigned to a reporting unit exceeds the implied fair value of goodwill, an impairment charge is recorded for the excess. An impairment loss recognized cannot exceed the amount of goodwill assigned to a reporting unit. An impairment loss establishes a new basis in the goodwill and subsequent reversals of goodwill impairment losses are not permitted under applicable accounting guidance.

The ~~goodwill~~amendments inare ~~the~~effective ~~amount~~for ofpublic ~~$5,163,739~~business ~~recorded~~entities ~~in the~~for ~~consolidated~~annual ~~balance~~periods ~~sheet~~beginning asafter of December 3115, ~~2012~~2017, ~~(see~~including ~~Note~~interim ~~15) was generated~~periods ~~from~~within ~~the~~those ~~acquisition~~annual ofperiods. ~~Vegfab~~For byother ~~TransAKT~~entities, ~~Taiwan~~the ~~Limited~~amendments onare ~~July 26, 2012. In~~effective ~~2013,~~for ~~the~~annual ~~Company~~periods ~~recorded~~beginning aafter ~~goodwill~~December ~~write-down~~15, ~~of $5~~2018,~~163,739,~~ ~~which~~and ~~eliminated all~~interim ~~remaining~~periods ~~goodwill~~within annual ofperiods ~~the~~beginning ~~Company.~~after ~~Goodwill~~December ~~was~~15, ~~determined~~2019. toEarly ~~have~~adoption ~~been impaired~~is ~~because~~permitted as of the ~~current~~beginning ~~financial condition~~ of ~~the~~an ~~Company~~annual ~~and~~period ~~the Company’s~~for ~~inability to generate future operating income without substantial sales volume increases,~~ which ~~are~~financial ~~highly~~statements ~~uncertain.~~(interim ~~Furthermore, the Company’s~~or ~~anticipated~~annual) ~~future~~have ~~cash flows indicate that the recoverability of goodwill is~~ not ~~reasonably~~been ~~assured.~~issued ~~The~~or ~~goodwill~~made ~~write-down~~available ~~was~~for ~~included as a component of operating expense in 2013~~issuance.

~~For~~FASB ~~intangible~~Amends ~~assets~~SEC ~~subject~~Paragraphs related to ~~amortization~~Revenue Recognition and Leases Standards for Public Business Entities. The FASB has issued Accounting Standards Update (ASU) No. 2017-13.This ASU adds, anamends, ~~impairment~~and supersedes SEC ~~loss~~paragraphs isof ~~recognized~~the ifAccounting Standards Codification (ASC) related to the adoption ~~carrying~~and ~~amount~~transition provisions of ~~the~~ASU ~~intangible~~No. ~~asset~~2014-09, isRevenue ~~not~~From Contracts ~~recoverable~~with Customers and ~~exceeds~~ASU ~~fair~~2016-02, ~~value~~Leases,for public business entities. The ~~carrying~~ASU ~~amount~~is titled ofASU ~~the~~No. ~~intangible~~2017-13, ~~asset is~~Revenue ~~considered~~Recognition ~~not~~(Topic ~~recoverable~~605), ifRevenue itfrom ~~exceeds~~Contracts with ~~the~~Customers ~~sum~~(Topic of606), ~~the~~Leases ~~undiscounted~~(Topic ~~cash~~840), and Leases (Topic 842): ~~flows~~Amendments ~~expected~~to SEC Paragraphs Pursuant to ~~result~~the ~~from~~Staff Announcement at the ~~use~~July 20, 2017 EITF Meeting and Rescission of ~~the~~Prior ~~asset.~~SEC Staff Announcements and Observer Comments.

~~Reclassifications~~ASU 2017-13 codifies portions of an SEC Staff Announcement made at the July 20, 2017 Emerging Issues Task Force (EITF) meeting essentially delaying the effective date of the revenue recognition and leases standards for a subset of public entities . The SEC Observer made the following SEC Staff Announcement, “Transition Related to Accounting Standards Updates No. 2014-09 and 2016-02,” at the July 20, 2017 EITF meeting:

~~Except~~The ~~for~~SEC ~~the~~staff ~~classification~~would ~~for~~not ~~discontinued~~object ~~operations,~~to a public business entity that ~~certain~~otherwise ~~classifications~~would ~~have~~not ~~been~~meet ~~made~~the definition of a public business entity except for a requirement to include or the ~~prior~~inclusion ~~year~~of its financial statements toor financial ~~conform~~information toin another entity’s filing with the ~~current~~SEC ~~year~~adopting ~~presentation.~~(1) ~~The~~ASC ~~reclassifications~~Topic ~~have~~606, Revenue nofrom ~~impact~~Contracts with Customers for annual reporting periods beginning onafter ~~the~~December ~~Company’s~~15, ~~2013~~2018, ~~Consolidated~~and ~~Statements~~interim ofreporting ~~Operations~~periods within annual reporting periods beginning after December 15, 2019, and ~~Comprehensive~~(2) ASC Topic 842, Leases for ~~Income~~fiscal years beginning after December 15, 2019, and ~~Consolidated~~interim ~~Statements~~periods ofwithin fiscal ~~Cash~~years ~~Flows.~~beginning after December 15, 2020.

~~Recent~~A ~~accounting~~public ~~pronouncements~~business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC may still elect to adopt ASC Topic 606 and ASC Topic 842 according to the public business entity effective dates.

~~The~~This ~~FASB~~announcement ~~has~~is ~~issued~~applicable ~~Accounting~~only ~~Standards~~to ~~Update~~public ~~(ASU) No.~~business ~~2016-01,~~entities ~~Financial~~that ~~Instruments~~otherwise –would ~~Overall~~not ~~(Subtopic~~meet ~~825-10):~~the ~~Recognition~~definition ~~and Measurement~~ of ~~Financial~~a ~~Assets~~public ~~and~~business entity ~~Financial~~except ~~Liabilities.~~for ~~The~~a ~~new~~requirement ~~guidance is intended~~ to ~~improve~~include or the ~~recognition~~inclusion ~~and measurement~~ of ~~financial~~its ~~instruments.~~financial ~~The~~statements ~~ASU~~or ~~affects~~financial ~~public~~information ~~and~~in ~~private~~another ~~companies,~~entity’s ~~not-for-profit~~filing ~~organizations,~~with ~~and~~the SEC. ~~employee~~This ~~benefit~~announcement ~~plans~~is ~~that~~not ~~hold~~applicable ~~financial~~to ~~assets~~other orpublic ~~owe~~business ~~financial liabilities~~entities.

FASB Amends Codification for New SEC Content. The ~~new~~FASB ~~guidance~~has issued ~~makes~~Accounting ~~targeted~~Standards ~~improvements~~Update (ASU) No. 2017-14, Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from Contracts with Customers (Topic 606). ASU 2017-14 includes amendments to certain ~~existing~~SEC Uparagraphs within the FASB Accounting Standards Codification (Codification).S ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the SEC.SEC Staff Accounting Bulletin (SAB) ~~GAAP~~No. ~~by:~~116

~~-Requiring~~The ~~equity~~SEC ~~investments~~issued ~~(except~~SAB ~~those~~116 ~~accounted~~to ~~for~~bring ~~under~~existing SEC staff guidance into conformity with the ~~equity~~FASB’s ~~method~~adoption of ~~accounting~~and amendments to ASC Topic 606, Revenue orfrom ~~those~~Contracts ~~that~~with ~~result~~Customers. inThe ~~consolidation~~SAB ofmodified ~~the~~SAB Topic 13, Revenue ~~investee)~~Recognition, toSAB beTopic ~~measured~~8, atRetail ~~fair~~Companies, ~~value~~and ~~with~~Section ~~changes~~A, Operating-Differential inSubsidies, ~~fair~~of ~~value~~SAB ~~recognized~~Topic in11, Miscellaneous Disclosure. ASU ~~net~~2017-14 ~~income;~~supersedes various SEC paragraphs and amends an SEC paragraph pursuant to the issuance of SAB 116.

~~-Requiring~~SEC ~~public~~Interpretive ~~business~~Release ~~entities~~on toVaccines ~~use~~for ~~the~~Federal ~~exit price~~Government ~~notion~~Stockpiles ~~when~~(SEC ~~measuring~~Release ~~the~~No. ~~fair~~33-10403) ~~value of financial instruments for disclosure purposes;~~

~~-Requiring~~The ~~separate~~SEC ~~presentation~~issued ofthis ~~financial~~release ~~assets~~to ~~and~~update its 2005 Commission ~~financial~~Guidance ~~liabilities~~Regarding byAccounting ~~measurement~~for ~~category~~Sales of Vaccines and ~~form~~Bioterror Countermeasures ofto ~~financial~~the ~~asset~~Federal ~~(i.e.,~~Government for Placement into the Pediatric ~~securities~~Vaccine Stockpile or ~~loans~~the ~~and~~Strategic ~~receivables)~~National onStockpile. The release stated that consistent with ASC Topic 606, manufacturers should recognize revenue for vaccines that are placed into the ~~balance~~Vaccines ~~sheet~~for orChildren Program and the Strategic ~~accompanying~~National Stockpile. The release states that until a registrant adopts ~~notes~~ASC Topic 606, it should continue referring to the ~~financial~~guidance ~~statements;~~included in the 2005 Release. ASU 2017-14 supersedes various SEC paragraphs and adds an SEC paragraph pursuant to this guidance.

~~-Eliminating~~Tabular ~~the~~Disclosure ~~requirement to disclose the fair value~~ of ~~financial~~ ~~instruments~~Contractual ~~measured~~Obligations ~~at amortized cost for organizations that are not public business entities;~~

~~-Eliminating~~Operating ~~the~~Leases 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 on the balance sheet; and

~~-Requiring~~We awere ~~reporting~~not ~~organization~~party to ~~present~~any ~~separately~~leases ~~in other~~agreement ~~comprehensive~~during ~~income~~ the ~~portion~~year ~~of the total change in the fair value of~~ended aDecember ~~liability~~31, resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments2017.

~~The~~Contractual ~~new~~Obligations guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For private companies, not-for-profit organizations, and employee benefit plans, the new guidance becomes effective for fiscal years beginning after December 15, 2018, and for interim periods within fiscal years beginning after December 15, 2019.

~~The~~As ~~new~~a ~~guidance~~“smaller ~~permits~~reporting ~~early adoption of the own credit provision. In addition~~company”, ~~the~~we ~~new~~are ~~guidance permits early adoption of the provision that exempts private companies and~~ not~~-for-profit~~ ~~organizations~~required ~~from having~~ to ~~disclose~~provide ~~fair~~tabular ~~value~~disclosure ~~information about financial instruments measured at amortized cost~~obligations.

~~The~~Item ~~FASB has issued Accounting Standards Update No~~7A. ~~2016-09, Compensation~~Quantitative ~~- Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments are intended to improve the accounting for employee share-based payments~~ and ~~affect~~Qualitative ~~all~~Disclosures ~~organizations~~About ~~that issue~~Market ~~share-based payment awards to their employees.~~ Risk

~~Several~~As ~~aspects~~a of“smaller ~~the~~reporting ~~accounting~~company”, ~~for~~we ~~share-based payment award transactions~~ are ~~simplified,~~not ~~including:~~required ~~(a) income tax consequences;~~to ~~(b)~~provide ~~classification of awards as either equity or liabilities; and (c) classification on~~ the ~~statement~~information ofrequired ~~cash~~by ~~flows.~~this Item.

~~The~~Item ~~amendments~~8. ~~also~~Financial ~~simplify~~Statements ~~two~~and ~~areas~~Supplementary ~~specific to private companies:~~Data

1.TRANSAKT Practical Expedient for Expected Term: In lieu of estimating the period of time that a share-based award will be outstanding, private companies can now apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristicsLTD. AND SUBSIDIARIES

2.CONSOLIDATED ~~Intrinsic~~FINANCIAL ~~Value:~~STATEMENTS ~~Private~~FOR ~~companies~~THE ~~can~~YEARS ~~now make a one-time~~ENDED ~~election~~DECEMBER ~~to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. Previously~~31, ~~private~~2017 ~~companies~~AND ~~were provided~~2016 anAND ~~option~~REPORT toOF ~~measure~~INDEPENDENT ~~all~~REGISTERED ~~liability-classified awards at intrinsic~~PUBLIC ~~value,~~ACCOUNTING ~~but~~FIRM ~~some private companies were unaware of that option.~~

~~Accounting~~CONTENTS for employee share-based awards was identified by the Private Company Council (PCC) as an area of concern among private company stakeholders. The PCC worked with the FASB to discuss and analyze the issues that private companies have encountered in this area when applying the standard. The PCC also asked the FASB staff to conduct outreach with users as a part of the FASB’s pre-agenda research on the topic.

The FASB also considered the conclusions in the Financial Accounting Foundation’s Post-Implementation Review Report on Statement 123(R), Share-Based Payment. Though the report concluded that the prior standard achieved its purpose, it noted that certain areas within Statement 123(R) may be costly and difficult to apply.

	Page

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-1

FINANCIAL STATEMENTS

Consolidated Balance Sheets	F-2

Consolidated Statements of Operations and Comprehensive Income (Loss)	F-3

Consolidated Statements of Changes in Shareholders' Deficit	F-4

Consolidated Statements of Cash Flows	F-5

Notes to Financial Statements	F-6 – F21

~~For~~REPORT ~~public~~OF ~~companies,~~INDEPENDENT ~~the~~REGISTERED ~~amendments~~PUBLIC ~~are~~ACCOUNTING effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For private companies, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any organization in any interim or annual period.FIRM

~~The~~To ~~FASB~~the ~~has~~shareholders ~~issued~~and ~~Accounting~~the ~~Standards~~board ~~Update (ASU) No. 2016-15, Statement~~ of ~~Cash~~directors ~~Flows (Topic 230): Classification~~ of ~~Certain~~TransAKT ~~Cash Receipts and Cash Payments, to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows~~Ltd.

~~The~~Opinion ~~amendments provide guidance~~ on the ~~following~~Financial ~~eight~~Statements ~~specific cash flow issues:~~

~~Debt~~We ~~Prepayment~~have oraudited ~~Debt~~the ~~Extinguishment~~accompanying ~~Costs;~~consolidated balance sheets of TransAKT Ltd. and its subsidiaries (the "Company") as of December 31, 2017 and 2016, the related consolidated statements of operations, changes in shareholders’ equity, and cash flows, for each of the two years in the period ended December 31, 2017, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017 and 2016, and the consolidated results of its operations and its cash flows for each of the two years in the period ended December 31, 2017, in conformity with U.S. generally accepted accounting principles.

~~Settlement~~The ofaccompanying ~~Zero-Coupon~~financial ~~Debt~~statements ~~Instruments~~have orbeen ~~Other~~prepared assuming ~~Debt~~that ~~Instruments~~the ~~with Coupon~~Company ~~Interest~~will ~~Rates~~continue ~~That~~as ~~Are~~a ~~Insignificant~~going concern. As discussed in ~~Relation~~Note 2 to the ~~Effective~~consolidated financial statements, the Company has suffered recurring ~~Interest~~losses ~~Rate~~from ofoperations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the ~~Borrowing;~~outcome of this uncertainty.

~~Contingent~~Basis ~~Consideration~~for ~~Payments~~Opinion ~~Made after a Business Combination;~~

~~Proceeds~~These ~~from~~consolidated financial statements are the ~~Settlement~~responsibility of the Company's management. Our responsibility is to express an opinion on the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of ~~Insurance~~the ~~Claims;~~Securities and Exchange Commission and the PCAOB.

~~Proceeds~~We ~~from~~conducted our audits in accordance with the ~~Settlement~~standards of ~~Corporate-Owned~~the PCAOB. ~~Life~~Those ~~Insurance~~standards ~~Policies~~require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not ~~including~~required ~~Bank-Owned;~~to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

~~Life~~Our ~~Insurance~~audits ~~Policies;~~included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

~~Distributions~~F-1 ~~Received from Equity Method Investees;~~

~~Beneficial~~/s/ ~~Interests~~Centurion inZD ~~Securitization~~CPA ~~Transactions;~~Limited ~~and~~

~~Separately~~We ~~Identifiable~~have ~~Cash~~served ~~Flows~~as ~~and~~the ~~Application~~Company's ofauditor ~~the~~since ~~Predominance Principle~~2016.

~~The~~Hong ~~amendments are effective for public business entities for fiscal years beginning after December 15~~Kong, ~~2017,~~SAR ~~and~~April ~~interim periods within those fiscal years. For all other entities~~9, ~~the amendments are effective for fiscal years beginning after December 15,~~ 2018, ~~and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period.~~

~~The~~F-2 amendments should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable.

~~FASB~~TRANSAKT ~~Amends the Accounting for Intra-Entity Transfers of Assets~~LTD. ~~The~~CONSOLIDATED ~~FASB~~BALANCE ~~has~~SHEETS issued Accounting Standards Update No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP.

The amendments require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments eliminate the exception for an intra-entity transfer of an asset other than inventory. Two common examples of assets included in the scope of the amendments are intellectual property and property, plant, and equipment.

		December 31,			December 31,
		2017			2016
ASSETS
Current Assets
Cash and cash equivalents	$	435,630		$	638,601
Prepayments		10,000			10,000
Total Current Assets		445,630			648,601

Total Assets	$	445,630		$	648,601

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	35,656		$	63,504
Convertible Promissory Note		-			1,000,000
Total Current Liabilities		35,656			1,063,504

Total liabilities		35,656			1,063,504

Stockholders' Equity
Preferred stock, 200,000,000 shares authorized for issuance, $0.001 par value, 0 share issued and outstanding		-			-
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 shares and 28,439,904 shares issued and outstanding at December 31, 2017 and 2016, respectively		133,506			28,440
Additional paid-in capital		24,265,011			23,319,411
Accumulated deficit		(22,350,526	)		(22,129,586	)
Other comprehensive income		(438,017	)		(433,168	)
Stock subscription receivable		(1,200,000	)		(1,200,000	)
Treasury stock, common stock, at cost, 0 share at December 31, 2017 and 2016, respectively		-			-
Total Stockholders' Equity		409,974			(414,903	)

Total Equity		409,974			(414,903	)

Total Liabilities and Equity	$	445,630		$	648,601

The ~~amendments~~accompanying donotes ~~not~~are ~~include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for~~ an ~~intra-entity~~integral ~~transfer~~part of anthe financial ~~asset~~statements ~~other than inventory.~~

~~The amendments align the recognition of income tax consequences for intra~~F-~~entity~~3 transfers of assets other than inventory with International Financial Reporting Standards. IAS 12, Income Taxes, requires recognition of current and deferred income taxes resulting from an intra-entity transfer of any asset (including inventory) when the transfer occurs.

~~The~~TRANSAKT ~~amendments~~LTD. ~~are~~CONSOLIDATED ~~effective~~STATEMENTS ~~for public business entities for~~OF ~~annual~~OPERATIONS ~~reporting~~FOR ~~periods~~THE ~~beginning~~YEARS ~~after~~ENDED ~~December~~DECEMBER 1531, 2017, ~~including~~AND interim reporting periods within those annual reporting periods. For all other entities, the amendments are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual periods beginning after December 15, 2019. Early adoption is permitted for all entities in the first interim period if an entity issues interim financial statements.2016

The amendments should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption.

		2017			2016

Sales, net	$	-		$	-
Cost of sales		-			-
Gross profit		-			-
Selling, general and administrative expenses		(207,796	)		(258,313	)
Loss from operations		(207,796	)		(258,313	)
Other income (expense)
Interest expense		(13,333	)		(37,333	)
Currency exchange gain/ (loss)		189			(3,854	)
Total other income		(13,144	)		(41,187	)

Loss before income taxes		(220,940	)		(299,500	)
Provision for income taxes expense (benefit)		-			-
Net loss		(220,940	)		(299,500	)
Net loss attributable to TRANSAKT LTD.	$	(220,940	)	$	(299,500	)

Loss per share:
Basic and diluted income (loss) common stockholders per share	$	(0.002	)	$	(0.01	)


Weighted average number of shares outstanding:
Basic and diluted		116,811,045			22,670,938

Other Comprehensive Income (Loss)
Net profits (loss)	$	(220,940	)	$	(299,500	)
Foreign currency translation adjustment		(4,849	)		4,289
Comprehensive income (loss)		(225,789	)		(295,211	)
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(225,789	)	$	(295,211	)

The ~~FASB~~accompanying ~~has~~notes ~~issued~~are ~~Accounting~~an ~~Standards~~integral ~~Update~~part ~~(ASU) No. 2016-19, Technical Corrections and Improvements. The amendments cover a wide range~~ of ~~Topics in~~ the ~~Accounting Standards Codification. The amendments~~financial ~~generally~~statements ~~fall into one of the types of categories listed below.~~

~~Amendments related to differences between original guidance (e.g., FASB Statements, EITF Issues, etc.) and the Codification. These amendments principally carry forward pre~~F-~~Codification~~4 guidance or subsequent amendments into the Codification. Many times, either the writing style or phrasing of the original guidance did not directly translate into the Codification format and style. As a result, the meaning of the guidance might have been unintentionally altered. Alternatively, amendments in this category may relate to guidance that was codified without some text, reference, or phrasing that, upon review, was deemed important to the guidance.

~~Guidance~~TRANSAKT ~~clarification~~LTD. ~~and~~CONSOLIDATED ~~reference~~STATEMENTS ~~corrections~~OF ~~that provide clarification~~SHAREHOLDERS’ ~~through~~DEFICIT ~~updating~~FOR ~~wording,~~THE ~~correcting~~YEARS ~~references,~~ENDED orDECEMBER ~~a combination of both. In most cases~~31, ~~the~~2017 ~~feedback suggested that, without these enhancements, guidance may be misapplied.~~

Simplification amendments that streamline or simplify the Codification through minor structural changes to headings or minor editing of text to improve the usefulness and understandability of the Codification.

	Common Stock						Additional			Stock			Accumulated			Other		Treasury			Stock at Cost			Total
	Shares			Amount			Paid-in Capital			Subscription Receivable			Deficit			Comprehensive Income (loss)		Shares			Amount

Balance at December 31, 2015	30,672,404		$	30,672		$	25,117,179		$	(1,200,000	)	$	(21,830,086	)	$	(437,457	)	(2,232,500	)	$	(1,800,000	)	$	(119,692	)

Cancellation of treasury shares	(2,232,500	)		(2,232	)		(1,797,768	)		-			-			-		2,232,500			1,800,000			-

Net loss	-			-			-			-			(299,500	)		4,289		-			-			(295,211	)

Balance at December 31, 2016	28,439,904		$	28,440		$	23,319,411		$	(1,200,000	)	$	(22,129,586	)	$	(433,168	)	-		$	-		$	(414,903	)

Issue Common Stock	105,066,666			105,066			945,600			-			-			-		-			-			1,050,666

Net loss	-			-			-			-			(220,940	)		(4,849	)	-			-			(225,789	)

Balance at December 31, 2017	133,506,570		$	133,506		$	24,265,011		$	(1,200,000	)	$	(22,350,526	)	$	(438,017	)	-		$	-		$	409,974

~~Minor~~The ~~improvements~~accompanying tonotes ~~the guidance that~~ are ~~not~~an ~~expected~~integral topart ~~have~~of ~~a significant~~the ~~effect on current accounting practice or create a significant~~financial ~~administrative~~statements ~~cost to most entities.~~

~~Tabular~~F-5 ~~Disclosure of Contractual Obligations~~

~~Operating~~TRANSAKT ~~Leases~~LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

We were not party to any leases agreement during the year ended December 31, 2016.

		2017			2016
Cash flows from operating activities
Net profits (loss) available to common stockholders	$	(220,940	)	$	(299,500	)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest expenses		13,333			-
Changes in assets and liabilities:
Decrease (Increase) in prepayments		-			1,431
Increase (Decrease) in accounts payable and accrued expenses		9,485			20,131
Net cash used in operating activities		(198,122	)		(277,938	)

Cash flows from investing activities
Restricted cash		-			-
Net cash used in investing activities		-			-

Cash flows from financing activities
Net repayment of amount due to shareholders		-			(191,000	)
Proceeds from issuance of Convertible Promissory Note		-			1,000,000
Net cash provided by financing activities		-			809,000
Effect of exchange rate changes on cash and cash equivalents		(4,849	)		4,289

Net increase (decrease) in cash and cash equivalents		(202,971	)		535,351

Cash and cash equivalents
Beginning		638,601			103,250
Ending	$	435,630		$	638,601

Non cash financing activities
Issuance of common stock to settle convertible promissory note and its relevant accrued interest		1,050,666			-

Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	-		$	37,333

~~Contractual~~The ~~Obligations~~accompanying notes are an integral part of the financial statements

AsF-6 ~~a “smaller reporting company”, we are not required to provide tabular disclosure obligations.~~

~~Item~~TRANSAKT 7ALTD. ~~Quantitative~~NOTES ~~and~~TO ~~Qualitative~~FINANCIAL ~~Disclosures~~STATEMENTS DECEMBER ~~About~~31, ~~Market~~2017 ~~Risk~~

AsNOTE a1 ~~“smaller~~– ~~reporting~~ORGANIZATION ~~company”, we are not required to provide the information required by this Item.~~

~~Item~~TransAKT 8Ltd. ~~Financial~~(the ~~Statements~~“Company”) was incorporated under the laws of the Province of Alberta on June 3, 1997. The Company completed the acquisition of Green Point Resources Inc. on October 18, 2000 whereby it became a publicly traded company listed on the Canadian Venture Exchange. In 2004 the Company voluntarily delisted from the TSX Venture Exchange and ~~Supplementary~~retained ~~Data~~a listing on the Over the Counter Bulletin Board in the United States.

~~TRANSAKT~~In ~~LTD~~October 2004 the Company purchased certain assets of IP Mental Inc., ~~AND~~a Taiwan based Voice over Internet Protocol (VoIP) company. The ~~SUBSIDIARIES~~company name was changed from TransAKT Corp. to TransAKT Ltd. on September 29, 2006. The Company designs and develops Voice over Internet Protocol (“VoIP”) solutions and mobile payment terminals for the consumer electronics industry.

~~CONSOLIDATED~~On ~~FINANCIAL~~November ~~STATEMENTS~~15, ~~FOR~~2006 ~~THE~~TransAKT ~~YEARS~~Ltd ~~ENDED~~and the shareholders of ~~DECEMBER~~Taiwan 31Halee International Co. Ltd. (HTT), ~~2016~~entered ~~AND~~into ~~2015~~a ~~AND~~Share ~~REPORT~~Exchange Agreement OFin ~~INDEPENDENT~~which ~~REGISTERED~~TransAKT ~~PUBLIC~~Ltd. acquired 100% of Taiwan Halee International Co. ~~ACCOUNTING~~Ltd.’s ~~FIRM~~outstanding common stock. HTT was incorporated under the laws of Republic of China in 1985. HTT is engaged in designing, manufacturing and distribution of Taiwan telecommunications equipment. The acquisition has been accounted for as a reverse acquisition under the purchase method of accounting. Accordingly, the merger of the two companies has been recorded as a recapitalization of HTT, with HTT being treated as the continuing entity.

~~CONTENTS~~On August 12, 2010, the Company filed the Registration Statement (Form S-4) in connection with the continuation of the Company from Alberta to Nevada. Based upon the number of common shares of TransAKT Ltd., a Nevada corporation (“TransAKT Nevada”), to be issued to the shareholders of TransAKT Ltd., an Alberta corporation (“TransAKT Alberta”), on a one-for-one basis upon completion of the Continuation and based on 102,645,120 shares of common stock of TransAKT Ltd., an Alberta corporation, issued and outstanding as of August 12, 2010.

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-1
FINANCIAL STATEMENTS
Consolidated Balance Sheets	F-2
Consolidated Statements of Operations and Comprehensive Income (Loss)	F-3
Consolidated Statements of Changes in Shareholders' Deficit	F-4
Consolidated Statements of Cash Flows	F-5
Notes to Financial Statements	F-6 – F21

The Articles of Conversion of TransAKT Nevada provides that the authorized capital of the TransAKT will be 300,000,000 shares of common stock, par value $0.001 per share and 200,000,000 shares of preferred stock, par value $0.001 per share.

~~REPORT~~On OFJuly ~~INDEPENDENT~~26, ~~REGISTERED~~2012, ~~PUBLIC~~the ~~ACCOUNTING~~Company ~~FIRM~~acquired 100% equity of Vegfab Agricultural Technology Co. Ltd. (the “Vegfab”), a company incorporated under the laws of the Republic of China (“ROC, Taiwan”). Vegfab is mainly engaged in selling agricultural equipment used to grow vegetables using simulated sunlight from LED lamps in hydroponic systems.

~~Board~~On January 4, 2013, the Company entered into a Share Purchase and Sale Agreement with a shareholder pursuant to which the Company sold to him 100% of ~~DirectorsTransAKT~~all ~~Ltd~~issued and outstanding securities of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, the shareholder has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in the aggregate.

WeOn ~~have~~October ~~audited~~30, ~~the~~2013, ~~accompanying~~Million ~~consolidated~~Talented ~~balance sheets of TransAKT~~ Ltd., ~~and~~a ~~its~~related ~~subsidiaries~~party (50% owned by the “Company”)’s aspresident ofand ~~December 31~~director, ~~2016~~contributed ~~and~~$516 (equals to HKD ~~2015~~4,000) ~~and~~to ~~the~~obtain ~~related~~40% ~~consolidated~~ownership ~~statements~~ of ~~operations~~TransAKT ~~and~~Bio ~~comprehensive~~Agritech Ltd., formerly named as ~~income~~TransAKT (~~loss~~H.K) Ltd., ~~change~~(“TransAKT inH.K.”). ~~shareholders’~~TransAKT ~~deficit,~~H.K. ~~and~~was ~~cash~~incorporated ~~flows~~in ~~for~~Hong Kong ~~the~~on ~~years then~~November ~~ended~~20, 2007. ~~These~~It ~~financial~~had ~~statements~~no ~~are~~operation ~~the~~until ~~responsibility~~2013. ofTransAKT ~~the Company’~~H.K.'s ~~management.~~primary ~~Our~~business ~~responsibility~~ is toconducting ~~express~~research anand ~~opinion~~development on ~~these~~new ~~financial~~agricultural ~~statements~~technology ~~based~~relating onto ~~our~~the ~~audit~~Company’s business.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable basis for our opinion. 7

InNOTE ~~our~~2 ~~opinion,~~– ~~such~~SUMMARY ~~financial~~OF ~~statements~~SIGNIFICANT ~~present~~ACCOUNTING ~~fairly,~~POLICIES in all material respects, the consolidated financial positions of TransAKT Ltd. as of December 31, 2016 and 2015, and the consolidated results of their operations and their consolidated cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

~~The~~Principles accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company has accumulated deficit of $(22,129,586) at December 31, 2016, including net loss of $299,500 during the years ended December 31, 2016. Management's plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Consolidation

~~/s/~~The ~~Centurion~~consolidated ZDfinancial ~~CPA~~statements include the accounts of TransAKT (BVI) Limited and its wholly owned subsidiaries, TransAKT Bio Agritech Ltd., collectively referred to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

~~Hong~~Going ~~Kong,~~Concern ~~SAR April 17, 2017~~

~~F-1~~The Company has incurred a net loss of $220,940 and $299,500 during the years ended December 31, 2017 and 2016, respectively, and has an accumulated deficit of $22,350,526 and $22,129,586 as of December 31, 2017 and December 31, 2016, respectively.

~~TRANSAKT~~The ~~LTD~~accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. ~~CONSOLIDATED~~This ~~BALANCE~~basis of ~~SHEETS~~accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.

		December 31,			December 31,
		2016			2015
ASSETS
Current Assets
Cash and cash equivalents	$	638,601		$	103,250
Prepayments		10,000			11,431
Total Current Assets		648,601			114,681
Total Assets	$	648,601		$	114,681
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	63,504		$	43,373
Amount due to a director		-			191,000
Convertible Promissory Note		1,000,000			-
Total Current Liabilities		1,063,504			234,373
Total liabilities		1,063,504			234,373
Stockholders' Equity
Preferred stock, 200,000,000 shares authorized for issuance, $0.001 par value, 0 share issued and outstanding		-			-
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 28,439,904 shares and 30,672,404* shares issued and outstanding at December 31, 2016 and 2015*, respectively		28,440			30,672
Additional paid-in capital		23,319,411			25,117,179
Accumulated deficit		(22,129,586	)		(21,830,086	)
Other comprehensive income		(433,168	)		(437,457	)
Stock subscription receivable		(1,200,000	)		(1,200,000	)
Treasury stock, common stock, at cost, 0 share and 2,232,500* shares at December 31, 2016 and 2015*, respectively		-			(1,800,000	)
Total Stockholders' Equity		(414,903	)		(119,692	)
Total Equity		(414,903	)		(119,692	)
Total Liabilities and Equity	$	648,601		$	114,681

The ability of the Company to continue research and development projects and realize the capitalized value of proprietary technologies and related assets is dependent upon future commercial success of the technologies and raising sufficient funds to continue research and development as well as to effectively market its products. Through December 31, 2017, the Company has not realized commercial success of the technologies, nor have they raised sufficient funds to continue research and development or to market its products.

~~The~~There ~~accompanying~~can ~~notes~~be ~~are~~no anassurances ~~integral~~that ~~part~~there ofwill be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

*The ~~All~~Company ~~shares~~has ~~outstanding~~taken ~~for~~certain ~~all~~restructuring ~~periods~~steps ~~have~~to ~~been retroactively~~provide ~~restated~~the necessary capital to ~~reflect~~continue ~~TransAKT’s~~its operations. These steps included: (1~~-for-20~~) Tightly ~~reverse~~budgeting ~~stock~~and ~~split,~~controlling ~~which~~all ~~was~~expenses; ~~effective~~(2) The Company plans to oncontinue ~~June~~actively ~~23,~~seeking ~~2016~~additional funding opportunities to improve and expand upon our product lines.

~~F-2~~Use of Estimates

~~TRANSAKT~~The ~~LTD.~~preparation ~~CONSOLIDATED~~of ~~STATEMENTS~~financial OFstatements in conformity with ~~OPERATIONS~~generally ~~FOR~~accepted ~~THE~~accounting ~~YEARS~~principles ~~ENDED~~in ~~DECEMBER~~the ~~31,~~United ~~2016~~States ~~AND~~(“GAAP”) ~~2015~~requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

		2016			2015
Sales, net	$	-		$	81,145
Cost of sales		-			72,145
Gross profit		-			9,000
Selling, general and administrative expenses		258,313			644,187
Loss from operations		(258,313	)		(635,187	)
Other income (expense)
Interest expense		(37,333	)		(38	)
Loss on disposal of investments		-			(1,000,000	)
Gain on disposal of investments		-			1,283,275
Gain on written-off of non-controlling interest		-			12,930
Currency exchange loss		(3,854	)		(13	)
Other income		-			36,099
Total other income		(41,187	)		332,253
Loss before income taxes		(299,500	)		(302,934	)
Provision for income taxes expense (benefit)		-			-
Net loss		(299,500	)		(302,934	)
Net loss attributable to TRANSAKT LTD.	$	(299,500	)	$	(302,934	)
Loss per share:
Basic and diluted income (loss) common stockholders per share*	$	(0.01	)	$	(0.01	)
Weighted average number of shares outstanding:
Basic and diluted		22,670,938			30,672,404
Other Comprehensive Income (Loss)
Net profits (loss)	$	(299,500	)	$	(302,934	)
Foreign currency translation adjustment		4,289			47,178
Comprehensive income (loss)		(295,211	)		(255,756	)
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(295,211	)	$	(255,756	)

~~The~~NOTE ~~accompanying~~2 ~~notes~~– ~~are~~SUMMARY anOF ~~integral~~SIGNIFICANT ~~part~~ACCOUNTING ~~of the financial~~POLICIES ~~statements~~(CONTINUED)

*Revenue ~~All~~Recognition ~~shares outstanding for all periods have been retroactively restated to reflect TransAKT’s 1-for-20 reverse stock split, which was effective on June 23, 2016.~~

~~F-3~~Revenues are recognized when finished products are shipped to customers and both title and the risks and rewards of ownership are transferred and collectability is reasonably assured. The Company’s revenues are recorded upon confirmed acceptance after inspection by the customers of the Company.

~~TRANSAKT~~Exchange ~~LTD.~~Gain ~~CONSOLIDATED~~(Loss): ~~STATEMENTS OF SHAREHOLDERS’ DEFICIT FOR THE YEARS ENDED DECEMBER 31, 2016~~

	Common Stock						Additional			Stock			Accumulated			Other		Treasury			Stock at			Non-			Total
	Shares*			Amount*			Paid-in			Subscription			Deficit			Comprehensive		Shares*			Cost			controlling
							Capital*			Receivable						Income					Amount			Interest
																(loss)
Balance at December 31, 2014	30,672,404		$	30,672		$	25,117,179		$	(1,200,000	)	$	(21,514,222	)	$	(484,635	)	(2,232,500	)	$	(1,800,000	)	$	(12,930	)	$	136,064
Disposal of subsidiary													(12,930	)										12,930			-
Net loss													(302,934	)		47,178											(255,756	)
Balance at December 31, 2015	30,672,404		$	30,672		$	25,117,179		$	(1,200,000	)	$	(21,830,086	)	$	(437,457	)	(2,232,500	)	$	(1,800,000	)	$	-		$	(119,692	)
Cancellation of treasury shares	(2,232,500	)		(2,232	)		(1,797,768	)		-			-			-		2,232,500			1,800,000			-			-
Net loss	-			-			-			-			(299,500	)		4,289		-			-			-			(295,211	)
Balance at December 31, 2016	28,439,904		$	28,440		$	23,319,411		$	(1,200,000	)	$	(22,129,586	)	$	(433,168	)	-		$	-		$	-		$	(414,903	)

During the years ended December 31, 2017 and 2016, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of exchange in effect when the transactions occur. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

*Translation ~~All~~Adjustment ~~shares outstanding for all periods have been retroactively restated to reflect TransAKT’s 1-for-20 reverse stock split, which was effective on June 23, 2016.~~

The ~~accompanying~~Company ~~notes~~financial statements are anpresented ~~integral~~in ~~part~~the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the ~~financial~~initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

~~F-4~~In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~TRANSAKT~~Comprehensive ~~LTD.~~Income ~~CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015~~

		2016			2015
Cash flows from operating activities
Net profits (loss) available to common stockholders	$	(299,500	)	$	(302,934	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on disposal of investments		-			1,000,000
Gain on disposal of investments		-			(1,283,275	)
Bad debt expense		-			401,550
Changes in assets and liabilities:
Decrease (Increase) in accounts receivable		-			453,758
Decrease (Increase) Increase in other receivable		-			26,899
Decrease (Increase) in inventory		-			61,639
Decrease (Increase) in advance to suppliers		-			113,924
Decrease (Increase) in prepayments		1,431			68,867
Decrease (Increase) in deposits		-			32,029
Increase (Decrease) in accounts payable and accrued expenses		20,131			(1,081,113	)
Net cash used in operating activities		(277,938	)		(508,656	)
Cash flows from investing activities
Restricted cash		-			(628	)
Net cash used in investing activities		-			(628	)
Cash flows from financing activities
Non-controlling interest		-			(12,930	)
Repayment of loan from others		-			285,365
Net proceeds of short-term loans from shareholders		-			(2,912	)
Net repayment of amount due to shareholders		(191,000	)		191,000
Proceeds from issuance of Convertible Promissory Note		1,000,000			-
Net cash provided by financing activities		809,000			460,523
Effect of exchange rate changes on cash and cash equivalents		4,289			(56,911	)
Net increase (decrease) in cash and cash equivalents		535,351			(105,672	)
Cash and cash equivalents
Beginning		103,250			208,922
Ending	$	638,601		$	103,250
Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	37,333		$	38
Non-cash transactions:
Gain on written-off of non-controlling interest	$	-		$	(12,930	)

Comprehensive income includes accumulated foreign currency translation gains and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.

~~The~~Advertising ~~accompanying notes are an integral part of the financial statements~~

~~F-5~~Advertising expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.

~~TRANSAKT~~Income ~~LTD. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2016~~ Taxes

~~NOTE~~The 1Company –accounts ~~ORGANIZATION~~for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

TransAKT Ltd. (the “Company”) was incorporated under the laws of the Province of Alberta on June 3, 1997. The Company completed the acquisition of Green Point Resources Inc. on October 18, 2000 whereby it became a publicly traded company listed on the Canadian Venture Exchange. In 2004 the Company voluntarily delisted from the TSX Venture Exchange and retained a listing on the Over the Counter Bulletin Board in the United States.9

InNOTE ~~October~~2 ~~2004~~– ~~the~~SUMMARY ~~Company~~OF ~~purchased~~SIGNIFICANT ~~certain~~ACCOUNTING ~~assets of IP~~POLICIES ~~Mental Inc., a Taiwan based Voice over Internet Protocol~~ (~~VoIP~~CONTINUED) company. The company name was changed from TransAKT Corp. to TransAKT Ltd. on September 29, 2006. The Company designs and develops Voice over Internet Protocol (“VoIP”) solutions and mobile payment terminals for the consumer electronics industry.

OnStatement ~~November 15, 2006 TransAKT Ltd and the shareholders~~ of ~~Taiwan~~ ~~Halee~~Cash ~~International~~Flows Co. Ltd. (HTT), entered into a Share Exchange Agreement in which TransAKT Ltd. acquired 100% of Taiwan Halee International Co. Ltd.’s outstanding common stock. HTT was incorporated under the laws of Republic of China in 1985. HTT is engaged in designing, manufacturing and distribution of Taiwan telecommunications equipment. The acquisition has been accounted for as a reverse acquisition under the purchase method of accounting. Accordingly, the merger of the two companies has been recorded as a recapitalization of HTT, with HTT being treated as the continuing entity.

OnIn ~~August~~accordance ~~12,~~with ~~2010,~~generally ~~the~~accepted ~~Company~~accounting ~~filed the Registration~~principles ~~Statement~~ (~~Form S-4~~GAAP), incash ~~connection~~flows ~~with~~from the ~~continuation of the~~ Company's ~~from Alberta~~operations toare ~~Nevada.~~based ~~Based~~ upon the ~~number of common shares of TransAKT Ltd~~local currencies., As a ~~Nevada~~ ~~corporation (“TransAKT Nevada”)~~result, toamounts berelated ~~issued~~ to ~~the~~assets ~~shareholders~~and ~~of TransAKT~~liabilities ~~Ltd.,~~reported ~~an Alberta corporation (“TransAKT Alberta”),~~ on ~~a one-for-one~~ ~~basis upon completion of~~ the ~~Continuation~~statement ~~and based on 102,645,120 shares~~ of ~~common~~ ~~stock~~cash offlows ~~TransAKT~~will ~~Ltd.,~~not annecessarily ~~Alberta~~agree ~~corporation,~~with ~~issued~~changes ~~and~~in ~~outstanding as~~the ofcorresponding ~~August~~balances ~~12,~~on ~~2010.~~the balance sheet.

~~The~~Concentration ~~Articles~~ of ~~Conversion~~Credit ofRisk TransAKT Nevada provides that the authorized capital of the TransAKT will be 300,000,000 shares of common stock, par value $0.001 per share and 200,000,000 shares of preferred stock, par value $0.001 per share.

OnFinancial ~~July~~instruments ~~26,~~that ~~2012,~~potentially subject the Company ~~acquired~~to concentrations ~~100%~~of ~~equity~~credit ofrisk ~~Vegfab~~are accounts receivable and other receivables ~~Agricultural~~arising ~~Technology~~from Coits normal business activities. ~~Ltd~~The Company has a diversified customer base. ~~(the~~The ~~“Vegfab”)~~Company controls credit risk related to accounts receivable through credit approvals, acredit ~~company~~limits ~~incorporated~~and ~~under~~monitoring procedures. The Company routinely assesses the ~~laws~~financial strength of ~~the~~its ~~Republic~~customers ofand, ~~China~~based ~~(“ROC~~upon factors surrounding the credit risk, ~~Taiwan”).~~establishes ~~Vegfab~~an isallowance, ~~mainly~~if ~~engaged~~required, infor ~~selling~~un-collectible ~~agricultural~~accounts ~~equipment~~and, ~~used~~as toa ~~grow~~consequence, ~~vegetables~~believes ~~using~~that ~~simulated~~its ~~sunlight~~accounts ~~from~~receivable ~~LED~~credit ~~lamps~~risk inexposure ~~hydroponic~~beyond ~~systems~~such ~~(see~~allowance ~~Note~~is ~~12)~~limited.

OnCash ~~January 4, 2013, the Company entered into a Share Purchase~~ and ~~Sale~~Cash Agreement with a shareholder pursuant to which the Company sold to him 100% of all issued and outstanding securities of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, the shareholder has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in the aggregate.Equivalents

OnCash ~~October~~and ~~30,~~cash ~~2013,~~equivalents ~~Million~~include ~~Talented~~cash ~~Ltd.,~~in ahand ~~related party 50% owned by the Company’s president~~ and ~~director,~~cash ~~contributed~~in ~~$516 (equals to HKD~~time 4deposits,~~000)~~ tocertificates ~~obtain 40% ownership~~ of ~~TransAKT~~deposit ~~Bio~~and ~~Agritech~~all ~~Ltd.,~~highly ~~formerly~~liquid ~~named~~debt ~~as TransAKT~~instruments ~~(H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong~~with ~~Kong~~original onmaturities ~~November~~of ~~20,~~three ~~2007.~~months Itor ~~had no operation until 2013~~less. ~~TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business.~~

~~F-6~~Fair Value of Financial Instruments

~~NOTE~~In 2the –first ~~SUMMARY~~quarter OFof ~~SIGNIFICANT~~fiscal ~~ACCOUNTING~~year ~~POLICIES~~2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Principles~~Effective October 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of ~~Consolidation~~these statements had an impact on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

The consolidated financial statements include the accounts of TransAKT (BVI) Limited and its wholly owned subsidiaries, TransAKT Bio Agritech Ltd., collectively referred to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. 10

~~Disposal~~NOTE of2 ~~subsidiaries~~– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

~~Certain~~Stock-based ~~prior~~Compensation period amounts have been reclassified in these consolidated financial statements to reflect the disposal of the subsidiaries, TransAKT Holding Limited and TransAKT Taiwan Limited, and their related assets and liabilities.

~~Going~~The ~~Concern~~Company records stock-based compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~The~~Stock-based ~~Company~~compensation ~~has~~expense ~~incurred~~is arecognized ~~net~~based ~~loss~~on ofawards expected ~~$299~~to vest,~~500~~ and ~~$302,934 during~~there were no estimated forfeitures as the ~~years~~Company ~~ended~~has ~~December~~a short ~~31,~~history ~~2016~~of ~~and~~issuing ~~2015,~~options. ~~respectively,~~ASC ~~and~~718-10 ~~has~~requires anforfeitures to be ~~accumulated~~estimated ~~deficit~~at the time of ~~$22,129,586~~grant and ~~$21,830,086~~revised asin ofsubsequent ~~December 31~~periods, ~~2016~~if ~~and~~necessary, ~~December~~if ~~31,~~actual ~~2015,~~forfeitures ~~respectively~~differ from those estimates.

~~The~~Net ~~accompanying~~Loss ~~consolidated~~Per ~~financial~~Share statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.

The ~~ability of the~~ Company tohas ~~continue~~adopted ~~research~~Accounting ~~and~~Standards ~~development~~Codification ~~projects~~subtopic ~~and~~260-10, ~~realize~~Earnings ~~the~~Per ~~capitalized~~Share ~~value~~(“ASC of260-10”) ~~proprietary~~which ~~technologies~~specifies ~~and~~the ~~related~~computation, ~~assets~~presentation isand ~~dependent~~disclosure ~~upon~~requirements ~~future commercial success~~ of ~~the~~earnings ~~technologies~~per share ~~and~~information. ~~raising~~Basic ~~sufficient~~earnings ~~funds~~per toshare ~~continue~~have ~~research~~been ~~and~~calculated ~~development~~based asupon ~~well as to~~the ~~effectively~~weighted ~~market~~average ~~its~~number ~~products.~~of ~~Through~~common ~~December~~shares ~~31,~~outstanding. ~~2016,~~Common ~~the~~equivalent ~~Company~~shares are ~~has~~excluded ~~not realized~~from ~~commercial~~the ~~success~~computation of the ~~technologies,~~diluted ~~nor~~loss ~~have~~per ~~they~~share ~~raised~~if ~~sufficient~~their effect ~~funds~~would tobe ~~continue research and development or to market its products~~anti-dilutive.

~~There~~Intangible can be no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets ~~or the amounts and classification of liabilities that may result from the outcome of this uncertainty.~~

~~The~~Intangible ~~Company~~assets ~~has~~include ~~taken~~a ~~certain~~patent. ~~restructuring~~With ~~steps~~the toadoption ~~provide~~of FASB ~~the~~ASC ~~necessary~~Topic ~~capital~~350, to“Intangibles”, ~~continue~~intangible ~~its~~assets ~~operations.~~with ~~These~~a ~~steps~~definite ~~included:~~life ~~(1)~~are ~~Tightly~~amortized ~~budgeting~~on ~~and~~a ~~controlling~~straight-line ~~all~~basis. ~~expenses;~~The ~~(2)~~patent ~~Expanding~~is ~~the~~being ~~company’s~~amortized over its ~~operations~~estimated ~~into~~life ~~China,~~of ~~expanding~~10 ~~product~~years. ~~lines~~Intangible ~~and~~assets ~~recruiting~~with a ~~strong~~definite ~~sales~~life are tested ~~team~~for toimpairment ~~significantly~~whenever ~~increase~~events ~~sales~~or ~~revenue~~circumstances ~~and~~indicate ~~profit~~that ina ~~2017;~~carrying amount of an asset (3asset group) ~~Cooperate~~may not be recoverable. An impairment loss would be ~~with~~recognized ~~local~~when ~~partners~~the carrying amount of an asset exceeds the estimated undiscounted cash flows used in ~~Guangdong~~determining ~~province,~~the ~~China~~fair tovalue ~~research~~of ~~and~~the ~~develop~~asset. ~~new~~The ~~products.~~amount ~~(4)~~of ~~The~~the ~~Company~~impairment ~~plans~~loss to ~~continue~~be ~~actively~~recorded ~~seeking~~is ~~additional~~calculated ~~funding~~by the excess of the ~~opportunities~~asset’s tocarrying ~~improve~~value ~~and~~over ~~expand~~its ~~upon~~fair ~~our~~value. ~~product~~Fair ~~lines~~value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Use~~Recent ofaccounting ~~Estimates~~ pronouncements

~~The~~FASB ~~preparation~~Clarifies the Definition of ~~financial~~a ~~statements~~Business. inThe ~~conformity~~FASB ~~with~~has ~~generally~~issued ~~accepted~~Accounting ~~accounting~~Standards ~~principles~~Update inNo. ~~the~~2017-01, ~~United~~Business ~~States~~Combinations (~~“GAAP”~~Topic 805): ~~requires management~~Clarifying ~~to make certain estimates and assumptions that affect~~ the ~~reported amounts~~Definition of ~~assets~~a ~~and~~Business, ~~liabilities~~clarifying ~~and~~the ~~disclosure~~definition of ~~contingent assets and~~a ~~liabilities~~business. atThe ~~the~~amendments ~~date~~affect ofall ~~the~~companies ~~financial statements~~ and ~~the~~other ~~reported~~reporting ~~amounts of~~organizations ~~revenues~~that ~~and~~must ~~expenses~~determine ~~during~~whether ~~the~~they ~~reporting~~have ~~period.~~acquired ~~Actual~~or ~~results~~sold ~~could~~a ~~differ from those estimates~~business.

~~F-7~~The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments provide a more robust framework to use in determining when a set of assets and activities is a business. They also provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable.

~~NOTE~~For 2public –companies, ~~SUMMARY~~the OFamendments ~~SIGNIFICANT~~are ~~ACCOUNTING~~effective ~~POLICIES~~for annual ~~(CONTINUED)~~periods beginning after December 15, 2017, including interim periods within those periods. For all other companies and organizations, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019.

~~Revenue Recognition~~ 11

~~Revenues~~The ~~are~~FASB ~~recognized~~has ~~when~~issued ~~finished~~Accounting ~~products~~Standards ~~are~~Update ~~shipped~~(ASU) toNo. ~~customers~~2017-07, ~~and~~Compensation ~~both~~— ~~title~~Retirement ~~and~~Benefits ~~the~~(Topic ~~risks~~715): ~~and~~Improving ~~rewards~~the Presentation of ~~ownership~~Net ~~are~~Periodic ~~transferred~~ Pension Cost and ~~collectability~~Net isPeriodic ~~reasonably~~Postretirement Benefit ~~assured~~Cost. The ~~Company’s~~amendments ~~revenues~~apply ~~are~~to ~~recorded~~all employers, including not-for-profit ~~upon~~entities, ~~confirmed~~that ~~acceptance~~offer ~~after~~to ~~inspection~~their byemployees ~~the~~defined ~~customers~~benefit pension plans, other postretirement benefit plans, or other types of ~~the~~benefits ~~Company~~accounted for under Topic 715, Compensation — Retirement Benefits.

~~Exchange~~The ~~Gain~~amendments ~~(Loss):~~require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed.

~~During~~The ~~the~~amendments ~~years~~also ~~ended~~allow ~~December~~only ~~31, 2016 and 2015,~~ the ~~transactions~~ ofservice ~~TransAKT~~cost ~~Bio~~component ~~Agritech~~to ~~Ltd. were denominated in foreign currency~~be ~~and~~eligible ~~were~~for ~~recorded~~capitalization inwhen ~~Hong~~applicable ~~Kong Dollar~~ (~~HKD)~~e.g., atas ~~the~~a ~~rates~~cost of ~~exchange in effect~~internally ~~when~~manufactured ~~the~~inventory ~~transactions~~or ~~occur.~~a ~~Exchange~~self-constructed ~~gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled~~asset).

~~Translation~~The ~~Adjustment~~amendments are effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. For other entities, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance.

~~The~~FASB ~~Company~~Amends ~~financial~~SEC ~~statements~~Paragraphs ~~are~~related ~~presented~~to inRevenue ~~the~~Recognition ~~U.S.~~and ~~dollar~~Leases ~~($),~~Standards ~~which~~for isPublic ~~the~~Business ~~Company’s~~Entities. ~~reporting~~The ~~currency,~~FASB ~~while~~has ~~its~~issued ~~functional~~Accounting ~~currency~~Standards isUpdate ~~Hong Kong Dollar~~ (~~HKD~~ASU) No. ~~Transactions~~2017-13.This inASU ~~foreign~~adds, ~~currencies~~amends, ~~are initially~~and ~~recorded~~supersedes atSEC paragraphs of the ~~functional~~Accounting ~~currency~~Standards ~~rate~~Codification ~~ruling~~(ASC) atrelated ~~the~~to ~~date of~~the ~~transaction.~~adoption ~~Any~~and ~~differences~~transition ~~between~~provisions ~~the~~of ~~initially~~ASU ~~recorded~~No. ~~amount~~2014-09, ~~and~~Revenue ~~the~~From Contracts ~~settlement~~with ~~amount~~Customers ~~are~~and ~~recorded~~ASU as2016-02, aLeases,for ~~gain~~public orbusiness ~~loss~~entities. onThe ~~foreign~~ASU ~~currency transaction~~is intitled ~~the~~ASU ~~consolidated~~No. ~~statements~~2017-13, ofRevenue ~~income.~~Recognition ~~Monetary~~(Topic ~~assets~~605), ~~and~~Revenue ~~liabilities~~from Contracts ~~denominated~~with inCustomers ~~foreign~~(Topic ~~currency~~606), ~~are~~Leases ~~translated~~(Topic at840), ~~the~~and ~~functional~~Leases ~~currency~~(Topic ~~rate~~842): ofAmendments ~~exchange~~to ~~ruling~~SEC atParagraphs ~~the~~Pursuant ~~balance~~to ~~sheet~~the ~~date.~~Staff ~~Any~~Announcement ~~differences~~at ~~are~~the ~~taken~~July to20, ~~profit~~2017 orEITF ~~loss~~Meeting asand aRescission ~~gain~~of orPrior ~~loss~~SEC onStaff ~~foreign~~Announcements ~~currency~~and ~~translation in the~~Observer ~~statements of income~~Comments.

InASU ~~accordance~~2017-13 ~~with~~codifies ~~ASC~~portions ~~830,~~of ~~Foreign~~an ~~Currency~~SEC ~~Matters,~~Staff ~~the~~Announcement made ~~Company~~at ~~translates~~ the ~~assets~~July ~~and~~20, ~~liabilities~~2017 ~~into~~Emerging ~~U.S.~~Issues ~~dollar~~Task Force ($EITF) ~~using~~meeting ~~the~~essentially ~~rate~~delaying ofthe ~~exchange~~effective ~~prevailing~~date atof the ~~balance~~revenue ~~sheet~~recognition ~~date~~ and ~~the~~leases ~~statements~~standards offor ~~operations~~a ~~and~~subset ~~cash~~of ~~flows~~public ~~are~~entities ~~translated~~. atThe anSEC ~~average~~Observer ~~rate~~made ~~during~~ the ~~reporting period.~~following ~~Adjustments~~SEC ~~resulting~~Staff Announcement, ~~from~~“Transition ~~the~~Related ~~translation~~to ~~from~~Accounting ~~HKD~~Standards ~~into~~Updates UNo.S. ~~dollar are~~2014-09 ~~recorded~~and in2016-02,” ~~stockholders’~~at ~~equity~~the asJuly ~~part~~20, of2017 ~~accumulated~~EITF ~~other comprehensive income.~~meeting:

~~Comprehensive~~The ~~Income~~SEC staff would not object to a public business entity that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC adopting (1) ASC Topic 606, Revenue from Contracts with Customers for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019, and (2) ASC Topic 842, Leases for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020.

~~Comprehensive~~A ~~income~~public ~~includes~~business ~~accumulated~~entity ~~foreign~~that ~~currency~~otherwise would not meet the ~~translation~~definition ~~gains~~of ~~and~~a ~~losses.~~public ~~The~~business ~~Company~~entity ~~has~~except ~~reported~~for ~~the~~a ~~components~~requirement ofto include or ~~comprehensive~~the ~~income~~inclusion onof its financial statements ofor ~~stockholders~~financial information in another entity’s ~~equity~~filing with the SEC may still elect to adopt ASC Topic 606 and ASC Topic 842 according to the public business entity effective dates.

~~Advertising~~This announcement is applicable only to public business entities that otherwise would not meet the definition of a public business entity except for a requirement to include or the inclusion of its financial statements or financial information in another entity’s filing with the SEC. This announcement is not applicable to other public business entities.

~~Advertising~~FASB ~~expenses~~Amends ~~consist~~Codification ~~primarily~~for ofNew ~~costs~~SEC ofContent. ~~promotion~~The FASB has ~~for~~issued ~~corporate~~Accounting ~~image~~Standards ~~and~~Update ~~product~~(ASU) ~~marketing~~No. 2017-14, Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and ~~costs~~Revenue from ofContracts ~~direct~~with ~~advertising~~Customers (Topic 606). ~~The~~ASU 2017-14 includes amendments to ~~Company~~certain ~~expenses~~SEC ~~all~~paragraphs ~~advertising~~within ~~costs~~the asFASB ~~incurred~~Accounting Standards Codification (Codification). ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the SEC. SEC Staff Accounting Bulletin (SAB) No. 116

~~Income Taxes~~12

The ~~Company~~SEC ~~accounts~~issued ~~for~~SAB ~~income~~116 ~~taxes~~to inbring ~~accordance~~existing ~~with~~SEC ~~ASC 740,~~staff ~~Income Taxes, which requires that the Company recognize deferred tax~~guidance ~~liabilities~~ into ~~and~~conformity ~~assets~~with ~~based on~~ the ~~differences~~FASB’s ~~between~~adoption ~~the~~of ~~financial statement carrying amounts~~ and ~~the~~amendments ~~tax~~to ~~basis~~ASC ofTopic ~~assets and liabilities~~606, ~~using enacted tax~~ ~~rates~~ Revenue infrom ~~effect~~Contracts inwith ~~the~~Customers. ~~years~~The ~~the~~SAB ~~differences~~modified ~~are~~SAB ~~expected~~Topic to13, ~~reverse. Deferred~~Revenue ~~income~~ Recognition, ~~tax~~SAB ~~benefit~~Topic ~~(expense)~~8, ~~results~~Retail ~~from~~Companies, ~~the~~and ~~change~~Section ~~in net deferred tax assets~~A, or Operating-Differential ~~deferred~~Subsidies, ~~tax~~of ~~liabilities.~~SAB ATopic ~~valuation allowance is recorded when~~11, inMiscellaneous ~~the~~Disclosure. ASU ~~opinion~~ 2017-14 ofsupersedes ~~management,~~various itSEC isparagraphs ~~more~~and ~~likely~~amends ~~than~~an ~~not~~SEC ~~that~~paragraph ~~some~~pursuant to orthe ~~all~~issuance of ~~any deferred~~SAB ~~tax assets will not be realized~~116.

FSEC Interpretive Release on Vaccines for Federal Government Stockpiles (SEC Release No. 33-810403)

~~NOTE~~The 2SEC –issued ~~SUMMARY~~this OFrelease ~~SIGNIFICANT~~to ~~ACCOUNTING~~update ~~POLICIES~~its 2005 Commission ~~(CONTINUED)~~Guidance Regarding Accounting for Sales of Vaccines and Bioterror Countermeasures to the Federal Government for Placement into the Pediatric Vaccine Stockpile or the Strategic National Stockpile. The release stated that consistent with ASC Topic 606, manufacturers should recognize revenue for vaccines that are placed into the Vaccines for Children Program and the Strategic National Stockpile. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in the 2005 Release. ASU 2017-14 supersedes various SEC paragraphs and adds an SEC paragraph pursuant to this guidance.

~~Statement~~NOTE of3– ~~Cash~~CONVERTIBLE ~~Flows~~PROMISSORY NOTE

InConvertible ~~accordance~~Promissory ~~with~~Note ~~generally~~consists ~~accepted accounting principles (GAAP), cash flows from the Company's operations are based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement~~ of ~~cash flows will not necessarily agree with changes in~~ the ~~corresponding~~ ~~balances~~following: ~~on the balance sheet.~~

Concentration of Credit Risk

		December 31, 2017		December 31, 2016
Convertible Promissory Note		-		1,000,000
	$	-	$	1,000,000

~~Financial~~On ~~instruments~~July ~~that~~15, ~~potentially~~2016, ~~subject~~ the Company toentered into Securities Purchase ~~concentrations~~Agreement ofwith ~~credit~~the ~~risk~~President, ~~are~~Chief ~~accounts~~Executive ~~receivable~~Officer and ~~other~~Director, ~~receivables~~Mr. Ho ~~arising~~Kang-Wing, ~~from~~Pursuant ~~its~~to ~~normal~~the ~~business~~agreement ~~activities.~~the ~~The~~ Company ~~has~~issued to Mr. Ho a ~~diversified~~Convertible ~~customer~~Promissory ~~base.~~Note ~~The~~in ~~Company~~consideration ~~controls~~of ~~credit~~$1,000,000 ~~risk~~in ~~related~~cash. toAn ~~accounts~~interest ~~receivable~~rate is 8% ~~through~~per ~~credit~~annum. ~~approvals,~~Maturity ~~credit~~date ~~limits~~is ~~and~~July ~~monitoring~~14, ~~procedures~~2018. The ~~Company routinely~~fair ~~assesses~~value measurement of the convertible ~~financial~~promissory ~~strength~~note ofwas ~~its~~recorded ~~customers~~in ~~and,~~carrying ~~based~~amount ~~upon~~because the ~~factors~~convertible ~~surrounding~~promissory note was issued to the ~~credit~~existing ~~risk~~shareholder, ~~establishes~~the ancurrent fair ~~allowance,~~value ifcalculation ~~required,~~models ~~for un-collectible~~did ~~accounts~~not ~~and,~~reflect asthe afair ~~consequence,~~value ~~believes~~of ~~that~~the ~~its~~note ~~accounts~~in this ~~receivable~~transaction ~~credit~~and ~~risk~~this ~~exposure~~note ~~beyond~~was ~~such~~subsequently ~~allowance~~converted isto ~~limited~~common stock on February 28, 2017.

~~Cash~~NOTE ~~and~~4 ~~Cash~~– ~~Equivalents~~PREPAYMENTS

~~Cash~~Prepayments ~~and~~consist ~~cash equivalents include cash in hand and cash in time deposits, certificates~~ of ~~deposit~~the ~~and~~following: ~~all highly liquid debt instruments with original maturities of three months or less.~~

Fair Value of Financial Instruments

		December 31, 2017		December 31, 2016
Prepaid expenses		10,000		10,000
	$	10,000	$	10,000

InNOTE ~~the~~5 ~~first~~– ~~quarter~~ACCRUED ofEXPENSES fiscal year 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Effective~~Accrued ~~October~~expenses 1,consist 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of ~~these statements had an impact on~~ the ~~Company’s~~following: unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

F-9

		December 31, 2017		December 31, 2016
Accrued payroll	$	9,344	$	-
Accrued employee benefits and pension expenses		288		-
Accrued professional fees		26,024		26,171
Accrued interest expenses		-		37,333
	$	35,656	$	63,504

~~NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)~~ 13

~~Stock~~NOTE 6 -~~based~~ ~~Compensation~~RELATED PARTY TRANSACTIONS

~~The~~Related ~~Company~~party ~~records~~transaction stock-based compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~Stock-based~~On ~~compensation~~February ~~expense~~28, is2017, ~~recognized~~Mr. ~~based~~Ho onKang–wing ~~awards expected~~(the toholder ~~vest,~~of convertible ~~and~~promissory ~~there~~note) ~~were~~elected noto ~~estimated~~convert ~~forfeitures as~~ the ~~Company~~entire ~~has~~outstanding ~~a short~~amount ~~history~~ of the ~~issuing~~Note ~~options.~~into ~~ASC~~105,066,666 ~~718-10~~common ~~requires~~shares ~~forfeitures~~of tothe ~~be estimated~~Company atincluding the ~~time~~accumulated interest. ofTherefore, ~~grant~~the issued and ~~revised~~outstanding incommon ~~subsequent~~shares ~~periods,~~of ifthe ~~necessary,~~Company ifwere ~~actual~~increased ~~forfeitures~~to ~~differ~~133,506,570 ~~from~~shares ~~those~~at ~~estimates~~that date.

~~Net~~There ~~Loss~~was ~~Per~~no ~~Share~~related party transaction for the year ended December 31, 2017.

~~The~~NOTE ~~Company~~7 ~~has~~– ~~adopted~~INCOME ~~Accounting~~TAXES Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”) which specifies the computation, presentation and disclosure requirements of earnings per share information. Basic earnings per share have been calculated based upon the weighted average number of common shares outstanding. Common equivalent shares are excluded from the computation of the diluted loss per share if their effect would be anti-dilutive.

~~Intangible~~The Company is registered in the State of Nevada and has operations in primarily two tax jurisdictions -The United States and Hong Kong. For the operations in the U.S., the Company has incurred net accumulated operating losses for income tax purposes. The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided full valuation allowance for the deferred tax assets arising from the losses in the U.S. as of December 31, 2017 and 2016. Accordingly, the Company has no net deferred tax assets on the U.S. operations.

~~Intangible~~United ~~assets~~States ~~include a patent. With the adoption~~ of ~~FASB ASC~~America Topic 350, “Intangibles”, intangible assets with a definite life are amortized on a straight-line basis. The patent is being amortized over its estimated life of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Recent~~For ~~accounting~~the ~~pronouncements~~year ended December 31, 2017, the Company had net operating loss carry-forwards of approximately $1,378,941 that may be available to reduce future years’ taxable income through 2035, Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The ~~FASB~~provision ~~has~~for ~~issued~~Federal ~~Accounting~~income ~~Standards~~tax ~~Update~~consists ~~(ASU) No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement~~ of ~~Financial Assets and Financial Liabilities. The new guidance is intended to improve~~ the ~~recognition and measurement of financial instruments.~~following ~~The~~years ~~ASU~~ended ~~affects~~December ~~public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities.~~ 31:

The new guidance makes targeted improvements to existing U.S. GAAP by:

		2017			2016
Federal income tax benefit attributable to:
Current Operations	$	97,017		$	146,326
Less: Valuation allowance		(97,017	)		( 146,326	)
Net provision for Federal income taxes	$	-		$	-

~~-Requiring~~Deferred 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; taxes:

~~-Requiring~~The ~~public~~tax ~~business~~effect ~~entities~~of totemporary ~~use~~differences ~~the~~that ~~exit~~give ~~price notion~~rise ~~when~~to ~~measuring~~ the Company’s ~~fair~~deferred ~~value~~tax asset as of ~~financial~~December ~~instruments~~31, ~~for~~2017 ~~disclosure purposes;~~and 2016 are as follows:

~~F-10~~ 14

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

U.S:		2017			2016
Deferred tax asset – non-current:
Net operating loss carry forward	$	1,378,941		$	1,281,924
Valuation allowance		(1,378,941	)		(1,281,924	)
Net deferred tax asset	$	-		$	-

~~Recent~~The ~~accounting~~following ~~pronouncements~~is a reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2017 and 2016:

-Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements;

	2017	2016
U.S. Federal tax at statutory rate	34%	34%
Valuation allowance	(34%)	(34%)
Foreign income tax- HK	16.5%	16.5%
Other (a)	(16.5%)	(16.5%)
Effective tax rate	0%	0%

~~-Eliminating~~Other ~~the~~represents ~~requirement~~expenses toincurred ~~disclose~~by the ~~fair~~Company ~~value~~that ofare not ~~financial~~deductible ~~instruments~~for ~~measured~~HK atincome ~~amortized~~taxes ~~cost~~and ~~for~~changes ~~organizations~~in ~~that~~valuation ~~are~~allowance ~~not~~for HK ~~public~~entities ~~business~~for ~~entities;~~the years ended December 31, 2017 and 2016.

NOTE 8-~~Eliminating~~ ~~the~~– ~~requirement~~COMMON ~~for~~STOCK 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 on the balance sheet; and

~~-Requiring~~On aJune ~~reporting~~21, ~~organization~~2011, ~~to present separately in other comprehensive income~~ the ~~portion~~Company ofissued ~~the~~55,500,000 ~~total~~shares ~~change in the fair value~~ of a ~~liability resulting from a change in the instrument-specific credit risk (also~~its ~~referred~~common tostock asfor ~~“own~~$0.015 ~~credit”)~~per ~~when~~share ~~the organization has elected~~ to ~~measure~~individuals ~~the liability~~for ataggregate ~~fair~~gross ~~value~~proceeds ~~in accordance with the fair value option for financial~~of ~~instruments~~$832,500.

~~The~~On ~~new~~June ~~guidance is effective for public companies for fiscal years beginning after December 15~~21, ~~2017~~2011, ~~including~~the ~~interim~~Company ~~periods~~converted ~~within~~its ~~those~~outstanding related ~~fiscal~~party ~~years.~~notes ~~For~~payable ~~private~~totaling ~~companies~~$523,908 ~~not-for-profit~~into ~~organizations~~34, ~~and employee benefit plans~~927,218 ~~the~~shares ~~new~~of ~~guidance~~Common ~~becomes effective for fiscal years beginning~~Stock. ~~after~~The ~~December~~deemed ~~15,~~price ~~2018,~~of ~~and~~the ~~for~~shares ~~interim~~issued ~~periods~~was ~~within fiscal years beginning after December 15, 2019~~$0.015.

~~The~~On ~~new~~June ~~guidance~~21, ~~permits early adoption of the own credit provision. In addition~~2011, the ~~new~~Company ~~guidance~~issued ~~permits~~an ~~early~~aggregate ~~adoption~~ of ~~the provision~~266,667 ~~that~~shares ~~exempts~~of ~~private~~common ~~companies~~stock, ~~and~~at ~~not-for-profit~~a ~~organizations~~deemed ~~from~~price ~~having~~of ~~to disclose~~$0.015 ~~fair~~per ~~value~~share, ~~information~~to ~~about~~pay ~~financial~~$4,000 ~~instruments measured at~~for ~~amortized cost~~services.

~~The~~On ~~FASB~~May ~~has~~17, ~~issued~~2012, ~~Accounting~~the ~~Standards~~Company ~~Update~~issued ~~No.~~an ~~2016-09~~aggregate of 39,854,567 ~~Compensation~~shares -of ~~Stock~~common ~~Compensation~~stock ~~(Topic~~at ~~718):~~a ~~Improvements~~price toof ~~Employee Share-Based Payment Accounting~~$0.03 ~~The~~per ~~amendments~~share, ~~are~~pursuant ~~intended~~ to ~~improve~~ the ~~accounting~~ ~~for~~closing ~~employee~~of a ~~share-based~~private ~~payments~~placement, ~~and~~for ~~affect~~aggregate ~~all~~gross ~~organizations~~proceeds ~~that issue~~of ~~share-based~~approximately ~~payment awards to their employees~~$1,200,000.

~~Several~~On ~~aspects~~June of25, 2012, the ~~accounting~~Company ~~for~~amended ~~share-based~~its ~~payment~~articles ~~award~~of ~~transactions~~incorporation ~~are~~to ~~simplified,~~increase ~~including:~~the ~~(a)~~authorized ~~income~~number ~~tax~~of ~~consequences; (b)~~shares ~~classification~~ of ~~awards~~common asstock ~~either~~from 300,000,000 ~~equity~~to or700,000,000 ~~liabilities;~~shares ~~and (c)~~of ~~classification~~common onstock, ~~the~~par ~~statement~~value of ~~cash~~$0.001 ~~flows~~per share.

~~The~~On ~~amendments~~July ~~also~~26, ~~simplify~~2012, ~~two~~the ~~areas~~Company ~~specific~~issued to150,000,000 ~~private~~shares of ~~companies:~~common stock as a part of consideration for acquisition of Vegfab Agricultural Technology Co., Ltd. (Note 12).

1.In ~~Practical~~July, ~~Expedient~~2012, ~~for~~the ~~Expected~~Company ~~Term:~~issued In18,333,333 ~~lieu~~shares of ~~estimating~~common ~~the~~stock ~~period~~to ofthe ~~time~~Company’s ~~that~~president, apursuant ~~share-based~~to ~~award~~the ~~will~~acquisition beof ~~outstanding, private~~Vegfab ~~companies~~Agricultural ~~can~~Technology ~~now~~Co., ~~apply~~Ltd. aThe ~~practical~~Company ~~expedient~~agreed to ~~estimate~~pay ~~the~~its ~~expected~~president ~~term for~~share ~~all~~compensation ~~awards~~of ~~with~~10% ~~performance~~of orthe ~~service~~value ~~conditions~~of the acquisition that ~~have~~he ~~certain~~secured for the ~~characteristics~~company.

2.On ~~Intrinsic~~January ~~Value:~~4, ~~Private~~2013, ~~companies~~the ~~can~~Company ~~now~~entered ~~make~~into a ~~one-time~~Share Purchase ~~election~~and Sale Agreement with Mr. Pan Yen Chu pursuant to ~~switch~~which ~~from~~the ~~measuring~~Company sold to Mr. Pan 100% of all ~~liability-classified~~issued ~~awards~~and atoutstanding ~~fair~~securities ~~value~~of its wholly owned subsidiary Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT, Mr. Pan has transferred to ~~measuring~~the ~~them~~Company at45,000,000 ~~intrinsic~~previously issued common voting shares of TransAKT with a deemed value of $0.04 ~~Previously,~~per ~~private~~share ~~companies~~or ~~were~~$1.8 million in the aggregate. The ~~provided~~transfer anof ~~option~~common toshares ~~measure~~was ~~all~~completed ~~liability-classified~~on ~~awards~~January at7, ~~intrinsic~~2013. In connection with ~~value~~the sale HTT, ~~but~~the ~~some~~45,000,000 ~~private~~common ~~companies~~shares ~~were~~of ~~unaware~~the Company received as consideration will be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of ~~that~~the ~~option~~Company’s currently issued and outstanding common stock.

Accounting for employee share-based awards was identified by the Private Company Council (PCC) as an area of concern among private company stakeholders. The PCC worked with the FASB to discuss and analyze the issues that private companies have encountered in this area when applying the standard. The PCC also asked the FASB staff to conduct outreach with users as a part of the FASB’s pre-agenda research on the topic. 15

FOn September 16, 2013, the Company issued 140,678,401 shares of common stock to fifty-11seven individuals for aggregate proceeds of $9,300,785 at deemed prices as follows:

~~NOTE~~1. 30,986 shares at US$0.03 per share; 2. –4,017,557 ~~SUMMARY~~shares OFat ~~SIGNIFICANT~~US$0.04 ~~ACCOUNTING~~per ~~POLICIES (CONTINUED)~~share; 3. 29,768,176 shares at US$0.045 per share; 4. 21,961,580 shares at US$0.05 per share; 5. 4,525,102 shares at US$0.06 per share; and 6. 80,375,000 shares at US$0.08 per share.

~~Recent~~The ~~accounting~~Company ~~pronouncements~~paid $500,000 of commission to an individual for the above private placements.

~~The~~On ~~FASB~~November ~~also~~26, ~~considered~~2013, the ~~conclusions~~Company inissued ~~the~~69,242,000 ~~Financial Accounting~~shares ~~Foundation’s Post-Implementation Review Report on Statement 123(R),~~of ~~Share-Based~~common ~~Payment.~~stock ~~Though~~to ~~the~~nine ~~report~~individuals ~~concluded~~for ~~that~~aggregate ~~the~~proceeds ~~prior~~of ~~standard achieved its purpose~~$5,389,360 itat ~~noted that certain areas within Statement 123(R) may be~~deemed ~~costly~~prices ~~and~~as ~~difficult~~follows: ~~to apply.~~

For public companies, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For private companies, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any organization in any interim or annual period.

	1.	5,000,000 shares at US$0.05 per share;

	2.	64,242,000 shares at US$0.08 per share;

~~The~~On ~~FASB~~June ~~has~~23, ~~issued Accounting Standards Update (ASU) No.~~ 2016~~-15~~, ~~Statement~~the ofcompany ~~Cash~~made ~~Flows~~a ~~(Topic~~stock ~~230):~~reverse ~~Classification~~split of ~~Certain Cash~~20 ~~Receipts~~to ~~and~~1. ~~Cash~~The ~~Payments,~~issued toand ~~address~~outstanding ~~diversity~~common instock ~~how~~was ~~certain~~consolidated ~~cash~~from 613,447,306 ~~receipts~~shares ~~and~~to ~~cash~~30,672,404 ~~payments~~shares ~~are~~with ~~presented~~fractional ~~and~~share ~~classified~~round inup ~~the~~to ~~statement~~1 ~~of cash flows~~share.

~~The~~On ~~amendments~~October ~~provide~~4, ~~guidance~~2016, onthe company cancelled the ~~following~~treasury ~~eight~~stock ~~specific~~of ~~cash~~common ~~flow~~shares ~~issues:~~2,232,500.

~~Debt~~On ~~Prepayment~~February or28, ~~Debt~~2017, ~~Extinguishment~~Mr. ~~Costs;~~Ho Kang–wing (the holder of convertible promissory note) elected to convert the entire outstanding amount of the Note into 105,066,666 common shares of the Company including the accumulated interest. Therefore, the issued and outstanding common shares of the Company were increased to 133,506,570 shares at that date.

~~Settlement~~NOTE of9 ~~Zero~~– SHARE-~~Coupon~~BASED ~~Debt~~COMPENSATION ~~Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing;~~

~~Contingent~~On ~~Consideration~~April ~~Payments~~19, ~~Made~~2013, ~~after~~the Company granted to Mr. Christian Nielsen, accounting manager stock options to purchase 1,000,000 of the Company’s common stock for services performed for the Company, at an exercise price of $0.03 per share. The options have a ~~Business~~five-year ~~Combination;~~contractual term and are vested at the date of grant.

~~Proceeds~~In ~~from~~accordance with the ~~Settlement~~guidance provided in ASC Topic 718, Stock Compensation, the compensation costs associated with these options are recognized, based on the grant-date fair values of ~~Insurance~~these ~~Claims;~~options, over the requisite service period, or vesting period. Accordingly, the Company recognized a compensation expense of $56,643 for the period ended December 31, 2013.

~~Proceeds~~The ~~from~~Company estimated the ~~Settlement~~fair value of ~~Corporate-Owned~~these ~~Life~~options ~~Insurance~~using ~~Policies,~~the ~~including~~Black-Scholes-Merton ~~Bank~~option pricing model based on the following weighted-~~Owned;~~average assumptions:

Life Insurance Policies;

Date of grant		19-Apr-13
Fair value of common stock on date of grant (A)	$	0.06
Exercise price of the options	$	0.03
Expected life of the options (years)		0.3
Dividend yield		0.00%
Expected volatility		223.57%
Risk-free interest rate		0.27%
Expected forfeiture per year (%)		0.00%
Weighted-average fair value of the options (per unit)	$	0.0566

~~Distributions Received from Equity Method Investees;~~ 16

~~Beneficial~~The ~~Interests~~fair invalue ~~Securitization~~of ~~Transactions;~~the ~~and~~Company's common stock was obtained from the closing price on the OTC Bulletin (A) Board as of the dates of grant.

~~Separately~~Fair ~~Identifiable~~value ~~Cash~~hierarchy ~~Flows~~of ~~and~~the ~~Application~~above ofassumptions ~~the~~can ~~Predominance~~be ~~Principle.~~categorized as follows:

The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period.

(1)	Level 1 inputs include:

	Fair value of common stock on date of grant- Obtained from the closing price of the Company’s common stock quoted on the OTC Bulletin Board as of the date of grant.

(2)	Level 2 inputs include:

	Expected volatility- Based on historical volatility of the closing price of the Company’s common stock quoted on the OTC Bulletin Board.

	Risk-free rate- The risk-free rate of return reflects the interest rate for United States Treasury Note with similar time-to-maturity to that of the options.

(3)	Level 3 inputs include:

	Expected lives- The expected lives of options granted were derived from the output of the option valuation model and represented the period of time that options granted are expected to be outstanding.

	Expected forfeitures per year- The expected forfeitures are estimated at the dates of grant and will be revised in subsequent periods pursuant to actual forfeitures, if significantly different from the previous estimates.

The ~~amendments~~estimates ~~should~~of befair ~~applied~~value ~~using~~from athe ~~retrospective transition~~model ~~method~~are totheoretical values ~~each~~of ~~period~~stock ~~presented.~~options Ifand itchanges isin ~~impracticable~~the toassumptions ~~apply~~used in the model could ~~amendments~~result ~~retrospectively~~in ~~for~~materially ~~some~~different offair ~~the~~value ~~issues,~~estimates. ~~the~~The ~~amendments~~actual ~~for~~value ~~those~~of the ~~issues~~stock ~~would~~options bewill ~~applied~~depend ~~prospectively~~on asthe market value of the ~~earliest~~Company’s ~~date~~common ~~practicable~~stock when the stock options are exercised.

~~F-12~~Options issued and outstanding as of December 31, 2017 and their activities during the twelve months then ended are as follows:

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

				Weighted-Average
	Number of		Weighted-Average	Contractual Life
	Underlying		Exercise Price Per	Remaining in
	Shares		Share	Years
Outstanding as of January 1, 2017	-	$	-
Granted- Before reverse split	1,000,000		0.03
Granted- After reverse split	50,000		0.6

Expired	-			-
Forfeited	-		-
Outstanding as of December 31, 2017	50,000		0.6	0.3
Exercisable as of December 31, 2017	50,000		0.6	0.3
Vested and expected to vest	50,000		0.6	0.3

~~Recent accounting pronouncements~~17

~~FASB~~As ~~Amends the Accounting for Intra-Entity Transfers~~ of ~~Assets.~~ ~~The~~December ~~FASB~~31, ~~has issued Accounting Standards Update No. 2016-16~~2017, ~~Income~~ ~~Taxes~~the ~~(Topic~~aggregate ~~740):~~intrinsic ~~Intra-Entity~~value ~~Transfers~~ of ~~Assets Other Than~~ ~~Inventory.~~options ~~Current~~outstanding ~~GAAP~~was ~~prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party~~$0. ~~This prohibition on recognition is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP.~~

~~The~~NOTE ~~amendments~~10 ~~require~~– anEARNINGS ~~entity~~PER toSHARE recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments eliminate the exception for an intra-entity transfer of an asset other than inventory. Two common examples of assets included in the scope of the amendments are intellectual property and property, plant, and equipment.

The ~~amendments~~Company docalculates ~~not~~earnings ~~include~~per ~~new~~share ~~disclosure~~in ~~requirements;~~accordance with ~~however~~ASC 260, ~~existing~~Earnings ~~disclosure~~Per ~~requirements~~Share, ~~might~~which berequires ~~applicable~~a ~~when~~dual ~~accounting for~~presentation ~~the~~of ~~current~~basic and diluted ~~deferred~~earnings ~~income~~per ~~taxes~~share. ~~for~~Basic anearnings ~~intra-entity~~per ~~transfer~~share ofare ancomputed using the ~~asset~~weighted ~~other~~average ~~than~~number ~~inventory~~of shares outstanding during the fiscal year. The following table sets forth the computation of basic and diluted net income per common share:

The ~~amendments~~following ~~align~~table ~~the~~sets ~~recognition~~forth ofthe ~~income~~computation ~~tax consequences for intra-entity transfers~~ of ~~assets~~basic ~~other than inventory with International~~and ~~Financial~~diluted ~~Reporting~~net ~~Standards. IAS 12, Income Taxes, requires recognition of current and deferred~~ income ~~taxes~~per ~~resulting~~common ~~from~~share: ~~an intra-entity transfer of any asset (including inventory) when the transfer occurs.~~

The amendments are effective for public business entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. For all other entities, the amendments are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual periods beginning after December 15, 2019. Early adoption is permitted for all entities in the first interim period if an entity issues interim financial statements.

		December 31, 2017			December 31, 2016
Numerator

Net (loss)/income	$	(220,940	)	$	(299,500	)

Denominator

Weighted average shares – Basic EPS		116,811,045			22,670,938

Weighted average shares – Diluted EPS		116,811,045			22,670,938

Net income (loss) per share – Basic and Diluted

EPS - basic and diluted	$	(0.002	)	$	(0.01	)

~~The~~NOTE ~~amendments~~11 ~~should~~– beSUBSEQUENT ~~applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption.~~EVENTS

The ~~FASB~~Company ~~has~~evaluated ~~issued~~all ~~Accounting~~events ~~Standards~~or ~~Update~~transactions ~~(ASU)~~that ~~No.~~occurred ~~2016-19,~~after ~~Technical~~December ~~Corrections~~31, ~~and~~2017 ~~Improvements.~~up ~~The~~through ~~amendments cover a wide range of Topics in~~ the ~~Accounting~~date ~~Standards Codification. The amendments generally fall into one of~~ the ~~types~~Company ofissued ~~categories~~these ~~listed below~~financial statements.

~~F-13~~ 18

~~NOTE~~Item 29. –Changes ~~SUMMARY~~in OFand ~~SIGNIFICANT~~Disagreements ~~ACCOUNTING~~with ~~POLICIES (CONTINUED)~~Accountants on Accounting and Financial Disclosure

~~Recent~~There were no disagreements related to accounting ~~pronouncements~~principles or practices, financial statement disclosure, internal controls or auditing scope or procedure during the two fiscal years and interim periods, including the interim period up through the date the relationship ended.

~~Amendments~~Item ~~related to differences between original guidance (e~~9A.~~g.,~~ ~~FASB Statements,~~Controls ~~EITF Issues, etc.)~~ and the Codification. These amendments principally carry forward pre-Codification guidance or subsequent amendments into the Codification. Many times, either the writing style or phrasing of the original guidance did not directly translate into the Codification format and style. As a result, the meaning of the guidance might have been unintentionally altered. Alternatively, amendments in this category may relate to guidance that was codified without some text, reference, or phrasing that, upon review, was deemed important to the guidance. Procedures

~~Guidance~~Evaluation ~~clarification and reference corrections that provide clarification through updating wording, correcting references, or a combination~~ of ~~both.~~Disclosure ~~In most~~Controls ~~cases,~~and ~~the feedback suggested that, without these enhancements, guidance~~Procedures ~~may be misapplied.~~

~~Simplification~~We ~~amendments~~maintain ~~that~~disclosure ~~streamline~~controls orand ~~simplify~~procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the ~~Codification~~Securities Exchange Act ~~through~~of ~~minor~~1934 ~~structural~~(the ~~changes~~"Exchange Act"), that are designed to ~~headings~~ensure that information required to be disclosed by us in the reports that we file or ~~minor~~submit ~~editing~~under ofthe Exchange ~~text~~Act tois recorded, processed, summarized and reported within the time ~~improve~~periods specified in the ~~usefulness~~rules and ~~understandability~~forms of the ~~Codification.~~SEC, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

~~Minor~~As ~~improvements~~of tothe end of the ~~guidance~~period ~~that~~covered ~~are~~by ~~not~~this ~~expected~~report, toour management, ~~have~~with athe participation of our chief executive officer and chief ~~significant~~financial ~~effect~~officer on(our ~~current~~principal executive officer, principal financial officer and principal accounting ~~practice~~officer), orcarried ~~create~~out aan ~~significant~~evaluation of the ~~administrative~~effectiveness ~~cost~~of toour ~~most~~disclosure ~~entities~~controls and procedures. Based upon this evaluation, and the material weaknesses outlined in our Management Report on Internal Control Over Financial Reporting, our management concluded that our disclosure controls and procedures were not effective.

~~NOTE~~Management’s 3–Report ~~CONVERTIBLE~~on ~~PROMISSORY~~Internal ~~NOTE~~Control Over Financial Reporting

~~Convertible~~Our ~~Promissory~~management ~~Note~~is ~~consists~~responsible for establishing and maintaining adequate internal control over financial reporting. Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer), we conducted an evaluation of the ~~following:~~effectiveness of our internal control over financial reporting as of December 31, 2017 using the criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

		December 31, 2016		December 31, 2015
Convertible Promissory Note		1,000,000		-
	$	1,000,000	$	-

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of December 31, 2017, we determined that there were control deficiencies that constituted material weaknesses, as described below:

On July 15, 2016, the Company entered into Securities Purchase Agreement with the President, Chief Executive Officer and Director, Mr. Ho Kang-Wing, Pursuant to the agreement the Company issued to Mr. Ho a Convertible Promissory Note in consideration of $1,000,000 in cash. An interest rate is 8% per annum. Maturity date is July 14, 2018. The fair value measurement of the convertible promissory note was recorded in carrying amount because the convertible promissory note was issued to the existing shareholder, the current fair value calculation models did not reflect the fair value of the note in this transaction and this note was subsequently converted to common stock on February 28, 2017.

1.	We do not have an audit committee or a financial expert on our board of directors – While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over our financial statements. Currently, the board of directors acts in the capacity of the audit committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

2.	We did not implement appropriate information technology controls – As of December 31, 2017, we retain copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of our data or off-site storage of the data in the event of theft, misplacement or loss due to unmitigated factors.

~~NOTE~~Accordingly, 4we –concluded ~~PREPAYMENTS~~that these control deficiencies resulted in a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis by our internal controls.

~~Prepayments consist of the following:~~ 19

		December 31, 2016		December 31, 2015
Prepaid expenses		10,000		11,431
	$	10,000	$	11,431

As a result of the material weaknesses described above, management has concluded that we did not maintain effective internal control over financial reporting as of December 31, 2017 based on criteria established in Internal Control—Integrated Framework issued by COSO.

~~F-14~~Centurion ZD CPA Ltd., an independent registered public accounting firm, was not required to and has not issued a report concerning the effectiveness of our internal control over financial reporting as of December 31, 2017.

~~NOTE~~Continuing 5Remediation –Efforts ~~ACCRUED~~to ~~EXPENSES~~Address Deficiencies in our Internal Control Over Financial Reporting

~~Accrued~~Once ~~expenses~~we ~~consist~~are engaged in a business of merit and have sufficient personnel available, then our board of directors, in particular and in connection with the aforementioned deficiencies, will establish the following: remediation measures:

		December 31, 2016		December 31, 2015
1.	Our board of directors will nominate an audit committee and audit committee financial expert.
Accrued payroll	$	-	$	11,355
2.	We will implement formal procedures to ensure that appropriate backup of off-site storage of our data is implemented.
Accrued employee benefits and pension expenses		-		386
Accrued professional fees		26,171		30,030
Accrued interest expenses		37,333		-
Others		-		1,602
	$	63,504	$	43,373

~~NOTE~~Changes 6in -Internal ~~RELATED~~Control ~~PARTY TRANSACTIONS~~

~~Related~~During ~~party~~the ~~transaction~~fiscal year ended December 31, 2017 there were no changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

OnItem ~~July 15, 2016, the Company entered into Securities Purchase Agreement with the President, Chief Executive Officer and Director, Mr~~9B. ~~Ho Kang-Wing,~~Other Pursuant to the agreement the Company issued to Mr. Ho a Convertible Promissory Note in consideration of $1,000,000 in cash. An interest rate is 8% per annum. Maturity date is July 14, 2018. (see Note 3) Information

~~There was no related party transaction for the year ended December 31, 2016~~None.

~~Due to related parties~~20

~~The~~PART ~~Company’s~~III officers and shareholders have advanced funds to the Company for working capital purposes. The Company has not entered into any agreement on the repayment terms for these advances. As of December 31, 2016 and 2015, there was $Nil and $191,000 advances outstanding.

~~Interest~~Item ~~expense of $37,333 for convertible promissory note was accrued under accrued expenses as of December 31, 2016~~10. ~~The interest expense was payable to Mr. Ho Kang-Wing~~Directors, ~~the President, Chief~~ Executive ~~Officer~~Officers and ~~Director of~~Corporate ~~the Company.~~ Governance

~~NOTE~~The 7following –table ~~INCOME~~sets ~~TAXES~~forth the directors, executive officers, promoters and control persons, their ages, and all offices and positions held within our company as of December 31, 2017. Directors are elected for a period of one year and thereafter serve until their successor is duly elected by the stockholders and qualified. Officers and other employees serve at the will of the board of directors.

The Company is registered in the State of Nevada and has operations in primarily two tax jurisdictions -The United States and Hong Kong. For the operations in the U.S., the Company has incurred net accumulated operating losses for income tax purposes. The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided full valuation allowance for the deferred tax assets arising from the losses in the U.S. as of December 31, 2016 and 2015. Accordingly, the Company has no net deferred tax assets on the U.S. operations.

Name	Age	Position	Date First Elected or Appointed
Ho Kang-Wing	55	Chairman, Chief Executive Officer, President and Director	March 12, 2015
Yam Chi-Wah	55	Chief Financial Officer	March 12, 2015
He Jiaxian	31	Director	March 12, 2015
He Jingtian	63	Director	March 12, 2015
Tam Yuk-Ching	51	Director	March 12, 2015

~~United~~Business ~~States~~Experience ~~of America~~

~~For~~The ~~the~~following ~~year~~is ~~ended~~a ~~December~~brief ~~31,~~account ~~2016,~~of the ~~Company~~education ~~had~~and ~~net~~business ~~operating~~experience ~~loss~~during ~~carry-forwards~~at ofleast ~~approximately~~the ~~$1,281,924~~past ~~that~~five ~~may be available to reduce future~~ years’ ~~taxable~~of ~~income~~each ~~through 2035~~director, ~~Future tax benefits which~~executive ~~may~~officer ~~arise~~and askey aemployee ~~result~~ of ~~these~~our ~~losses~~company, ~~have~~indicating ~~not~~the ~~been~~person’s ~~recognized~~principal occupation induring ~~these financial~~that ~~statements~~period, ~~as their realization is determined not likely to occur~~ and ~~accordingly,~~ the ~~Company~~name ~~has~~and ~~recorded~~principal abusiness ~~valuation~~of ~~allowance for~~ the organization ~~deferred~~in ~~tax asset~~which ~~relating~~such tooccupation ~~these~~and ~~tax~~employment ~~loss~~were ~~carry-forwards~~carried out.

FHo Kang-15Wing – Chairman, Chief Executive Officer, President and Director

~~The~~Since ~~provision~~1993 ~~for~~Ho ~~Federal~~Kang ~~income~~Wing ~~tax~~has ~~consists~~served and the managing director of Guangdong Dongrong Metal Products Co., Ltd., Foshan, Guangdong, China based company specializing in the ~~following~~design and production of metal and wood products. Under his direction Guangdong Dongrong has achieved annual revenues in excess of USD$100,000,000. Mr. Ho has served on TransAKT’s board of directors since July 2013. Mr. Ho has committed to help TransAKT to develop and promote our product mix in China and other Asian countries. He is 55 years ~~ended~~of ~~December~~age ~~31:~~and resides in Kowloon City, Hong Kong.

		2016			2015
Federal income tax benefit attributable to:
Current Operations	$	146,326		$	478,497
Less: Valuation allowance		( 146,326	)		(479,497	)
Net provision for Federal income taxes	$	-		$	-

Yam Chi-Wah –Chief Financial Officer

~~Deferred~~Mr. ~~taxes:~~Yam holds a BA (Honors) of Business Finance from Napier University of Edinburgh, and brings more than 20 years of industry experience in the accounting field. Prior to joining TransAKT Mr. Yam Served as financial controller of Legend Hardware Ltd. from 2006 to 2015, a company specializing in the manufacture, processing, and distribution of office & home furnishings.

~~The~~He ~~tax~~Jingtian ~~effect~~– ofDirector ~~temporary differences that give rise to the Company’s deferred tax asset as of December 31, 2016 and 2015 are as follows:~~

U.S:		2016			2015
Deferred tax asset – non-current:
Net operating loss carry forward	$	1,281,924		$	1,135,598
Valuation allowance		(1,281,924	)		(1,135,598	)
Net deferred tax asset	$	-		$	-

In 1993 Mr. He Jingtian founded Guangdong Dongrong Metal Products Co., Ltd. He has served as general manager of Guangdong Dongrong since its inception. He is 63 years of age and resides in Shunde City, Guangdong, China.

~~The following is a reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2016 and 2015:~~ 21

	2016	2015
U.S. Federal tax at statutory rate	34%	34%
Valuation allowance	(34%)	(34%)
Foreign income tax- HK	16.5%	16.5%
Other (a)	(16.5%)	(16.5%)
Effective tax rate	0%	0%

He Jiaxian – Director

(Mr. He Jiaxian obtained a) ~~Other~~Bachelors ~~represents~~of ~~expenses~~Arts ~~incurred~~degree in byInternational ~~the~~Economics ~~Company~~and ~~that~~Trade ~~are~~from ~~not~~South ~~deductible~~China ~~for~~University HKof ~~income~~Technology ~~taxes~~in 2010, and ~~changes~~a Master of Science in Management from Loughborough University (UK) in ~~valuation~~2012. ~~allowance~~In ~~for~~2013 HKhe ~~entities~~joined ~~for~~Guangdong Dongrong Metal Products Co., Ltd. as a project manager. He is also the ~~years~~founder ~~ended~~and ~~December~~director of Guangdong Chuansuo Agricultural Science and Technology Co. Ltd. Mr. He is 31, ~~2016~~years of age and resides in Shunde ~~2015.~~City, Guangdong, China.

FTam Yuk-16Ching – Director

~~NOTE~~Since 82004 –Ms. ~~COMMITMENTS~~Tam Yuk Ching has served as the managing director of Legend Hardware Ltd., a Hong Kong based manufacturer of furniture hardware which employs over 2,500 workers at its 100,000 square meters factory in Foshan, China. Ms. Tam brings more than 20 years of experience in corporate finance and will assist the Company in all financing and capital raising activities in the future. She is 51 years of age and resides in Hong Kong.

~~Operating~~Employment ~~Leases~~Agreements The Company leases various office, warehouse, store, and factory facilities under operating leases that expire on various dates through 2020. Rental expense for these leases consisted of approximately $0 and $2,078 for the years ended December 31, 2016 and 2015, respectively.

~~Effective~~We ~~June~~have ~~30,~~no ~~2015,~~formal ~~the~~employment ~~Company~~agreements ~~sold~~with ~~its~~any ~~subsidiaries, Transakt Taiwan Ltd.,Vegfab Agricultural Technology Co. Ltd., and TransAKT Holdings Ltd. (Turks & Caicos), which held the leases. As a result~~ of ~~the~~our ~~disposal~~employees, ~~the~~directors ~~Company~~or ~~has no further lease commitments~~officers.

~~Sale-leaseback~~Family ~~Transaction:~~Relationships ~~As of December 31, 2016, the Company did not have any sale-leaseback transaction.~~

~~NOTE~~Our 9Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing –and ~~COMMON~~our ~~STOCK~~Director, He Jingtian, are brothers. Our Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, Ms Tam Yuk-Ching are married. Our Director, He Jiaxian is the son of Mr. He Jingtian. There are no other family relationships amongst our directors or officers.

OnInvolvement ~~June~~in ~~21,~~Certain ~~2011,~~Legal ~~the~~Proceedings ~~Company issued 55,500,000 shares of its common stock for $0.015 per share to individuals for aggregate gross proceeds of $832,500.~~

OnTo ~~June 21, 2011,~~ the ~~Company~~best ~~converted~~of ~~its~~our ~~outstanding related party notes payable totaling $523~~knowledge,~~908~~ ~~into~~none ~~34,927,218 shares~~ of ~~Common~~our ~~Stock.~~directors or ~~The~~executive ~~deemed~~officers ~~price~~has, ofduring the ~~shares~~past ~~issued~~ten ~~was~~years: ~~$0.015.~~

On1. ~~June~~been ~~21,~~convicted ~~2011,~~in ~~the~~a ~~Company~~criminal ~~issued~~proceeding anor ~~aggregate~~been subject to a pending criminal proceeding (excluding traffic violations and other minor offences); 2. had any bankruptcy petition filed by or against the business or property of ~~266~~the person,~~667 shares~~ or of ~~common~~any ~~stock~~partnership, atcorporation or business association of which he was a ~~deemed~~general ~~price~~partner or executive officer, either at the time of $0the bankruptcy filing or within two years prior to that time; 3.~~015~~ ~~per~~been ~~share~~subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and loan, or insurance activities, or to ~~pay~~be $associated with persons engaged in any such activity; 4. been found by a court of competent jurisdiction in a civil action or by the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law,~~000~~ ~~for services.~~and the judgment has not been reversed, suspended, or vacated;

On May 17, 2012, the Company issued an aggregate of 39,854,567 shares of common stock at a price of $0.03 per share, pursuant to the closing of a private placement, for aggregate gross proceeds of approximately $1,200,000. 22

On June 25, 2012, the Company amended its articles of incorporation to increase the authorized number of shares of common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0.001 per share.

5.	been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

6.	been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member

OnCompliance ~~July~~with ~~26,~~Section ~~2012, the Company issued 150,000,000 shares of common stock as~~ 16(a) ~~part~~ of ~~consideration~~the ~~for~~Securities ~~acquisition~~Exchange Act of ~~Vegfab Agricultural Technology Co., Ltd. (Note 12).~~1934

InSection ~~July,~~16(a) ~~2012,~~of the ~~Company~~Securities ~~issued~~Exchange ~~18,333,333~~Act ~~shares~~of 1934 requires our executive officers and directors and persons who own more than 10% of ~~common~~our common stock to file with the ~~Company’s~~Securities ~~president,~~and ~~pursuant~~Exchange toCommission ~~the~~initial statements ~~acquisition~~of beneficial ownership, reports of ~~Vegfab~~changes in ownership and annual ~~Agricultural~~reports ~~Technology~~concerning ~~Co.~~their ownership of our common stock and other equity securities, ~~Ltd.~~on ~~The~~Forms ~~Company~~3, ~~agreed~~4 toand ~~pay~~5 ~~its~~respectively. ~~president~~Executive ~~share~~officers, directors and ~~compensation~~greater ofthan 10% ofshareholders are required by the ~~value~~SEC regulations to furnish us with copies of ~~the~~all ~~acquisition~~Section ~~that~~16(a) hereports ~~secured~~that ~~for~~they ~~the company~~file.

OnBased ~~January~~solely 4,on ~~2013,~~our ~~the~~review ~~Company~~of ~~entered into a Share Purchase and Sale Agreement with Mr. Pan Yen Chu pursuant to which~~ the ~~Company~~copies ~~sold to Mr. Pan 100%~~ of ~~all~~such ~~issued~~forms ~~and outstanding securities of its wholly owned~~received ~~subsidiary~~by ~~Taiwan Halee International Corporation (“HTT”). In consideration of the sale of HTT~~us, ~~Mr.~~or ~~Pan~~written ~~has~~representations ~~transferred~~from tocertain ~~the~~reporting ~~Company 45~~persons,~~000,000~~ ~~previously issued~~we ~~common voting shares of TransAKT with a deemed value of $0.04 per share~~believe orthat ~~$1.8~~during ~~million~~fiscal inyear ~~the~~ended ~~aggregate.~~December ~~The transfer of common shares was completed on January 7~~31, ~~2013. In connection with the sale HTT~~2017, ~~the~~all ~~45,000,000~~filing ~~common shares~~requirements ofapplicable ~~the Company received as consideration will be returned~~ to ~~treasury.~~our ~~The 45~~officers,~~000,000~~ ~~shares~~directors ~~constitute~~and ~~approximately~~greater ~~11.5~~than 10% ofpercent ~~the Company’s currently~~beneficial ~~issued~~owners ~~and~~were ~~outstanding~~complied ~~common stock~~with.

OnCode ~~September 16, 2013, the Company issued 140,678,401 shares~~ of ~~common~~ ~~stock~~Ethics ~~to fifty-seven individuals for aggregate proceeds of $9,300,785 at deemed prices as follows:~~

	1.	30,986 shares at US$0.03 per share;
	2.	4,017,557 shares at US$0.04 per share;

We have adopted a code of ethics as part of a broader “code of conduct”, which addresses ethical issues as well as broader corporate governance issues. Our code of conduct has been approved by our board of directors and is applicable to all our directors, officers, employees and consultants, including but not limited to our principle executive officer, our principal financial officer and principal accounting officer, and any persons performing similar functions. No amendments have been made or waivers granted in respect of any provision of our code of ethics during the most recently completed fiscal year.

~~F-17~~In addition, we practice corporate governance in accordance with rules and regulations in Canada.

3.Corporate ~~29,768,176~~governance ~~shares~~relates atto ~~US$0.045~~the ~~per~~activities ~~share;~~of 4.our ~~21,961,580~~directors who ~~shares~~are atelected ~~US$0.05~~by ~~per~~and ~~share;~~accountable 5to the shareholders and takes into account the role of management who are appointed by the board and who are charged with our ongoing management. 4Our board of directors encourages sound corporate governance practices designed to promote our well-being and on-going development,~~525,102~~ ~~shares~~having atalways ~~US$0~~as its ultimate objective the best long-term interests of us and the enhancement of value for all shareholders.06 ~~per~~The ~~share;~~board also believes that sound corporate governance benefits our employees and 6the communities in which we operate. 80The board is of the view that our corporate governance policies and practices,~~375~~ outlined in our code of ethics,~~000~~ ~~shares~~are appropriate atand ~~US$0.08~~substantially ~~per~~consistent ~~share~~with the guidelines for improved corporate governance in Canada as adopted by the Toronto Stock Exchange.

~~The Company paid $500,000 of commission to an individual for the above private placements.~~23

OnBoard ~~November~~and ~~26,~~Committee ~~2013,~~Meetings ~~the Company issued 69,242,000 shares of common stock to nine individuals for aggregate proceeds of $5,389,360 at deemed prices as follows:~~

	1.	5,000,000 shares at US$0.05 per share;
	2.	64,242,000 shares at US$0.08 per share;

Our board of directors held no formal meetings during the year ended December 31, 2017. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Alberta Corporations Act and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

OnNomination ~~June~~Process 23, 2016, the company made a stock reverse split of 20 to 1. The issued and outstanding common stock was consolidated from 613,447,306 shares to 30,672,404 shares with fractional share round up to 1 share.

OnAs ~~October~~of 4December 31, ~~2016~~2017, we did not affect any material changes to the procedures by which our shareholders may recommend nominees to our board of directors. Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company’s ~~cancelled~~requirements as well as the ~~treasury~~qualifications ~~stock~~of each candidate when the board considers a nominee for a position on our board of directors. If ~~common~~shareholders ~~shares~~wish 2to recommend candidates directly to our board,~~232,500.~~ they may do so by sending communications to the president of our company at the address on the cover of this annual report.

~~NOTE~~Audit 10Committee ~~– SHARE-BASED COMPENSATION~~

OnWe ~~April~~have 19no formal audit committee, ~~2013~~and thus, ~~the~~we ~~Company~~have ~~granted~~no toaudit committee Mrfinancial expert. ~~Christian Nielsen,~~Our ~~accounting~~board ~~manager~~is ~~stock~~responsible ~~options~~for toreviewing ~~purchase~~our 1financial reporting procedures,~~000~~ internal controls,~~000~~ ofand the ~~Company’s~~performance of our auditors. ~~common~~Our ~~stock~~board ~~for~~is ~~services~~also ~~performed~~responsible for ~~the~~reviewing ~~Company,~~all atdisclosure anwith ~~exercise~~respect ~~price of~~to ~~$0.03~~financial ~~per~~matters ~~share.~~prior ~~The~~to ~~options~~filing ~~have~~or arelease. ~~five~~Mr. Yam Chi-~~year~~wah ~~contractual~~is ~~term~~our ~~and~~chief financial ~~are~~officer. ~~vested~~Mr. ~~at the~~Yam ~~date~~reports ofto ~~grant~~our board in his capacity as chief financial officer.

InAudit ~~accordance~~Committee ~~with~~Financial ~~the~~Expert guidance provided in ASC Topic 718, Stock Compensation, the compensation costs associated with these options are recognized, based on the grant-date fair values of these options, over the requisite service period, or vesting period. Accordingly, the Company recognized a compensation expense of $56,643 for the period ended December 31, 2013.

~~The~~Our ~~Company~~board ~~estimated~~of ~~the~~directors ~~fair~~has ~~value~~determined ofthat ~~these~~it ~~options~~does ~~using~~not ~~the~~have an ~~Black-Scholes-Merton~~audit ~~option~~committee ~~pricing~~and ~~model~~so ~~based~~have onno ~~the~~audit ~~following~~committee member that qualifies as an ~~weighted-average~~“audit ~~assumptions:~~committee financial expert” as defined in Item 407(d)(5)(ii) of Regulation S-K.

Date of grant		19-Apr-13
Fair value of common stock on date of grant (A)	$	0.06
Exercise price of the options	$	0.03
Expected life of the options (years)		1.50
Dividend yield		0.00%
Expected volatility		223.57%
Risk-free interest rate		0.27%
Expected forfeiture per year (%)		0.00%
Weighted-average fair value of the options (per unit)	$	0.0566

Compensation Committee

~~The~~We ~~fair~~have ~~value~~no formal compensation committee. Our board determines the terms of the ~~Company's~~compensation ~~common~~packages ~~stock~~provided ~~was~~to ~~obtained~~our ~~from~~senior executive ~~the~~officers, ~~closing~~including ~~price~~salary, onbonus ~~the~~and ~~OTC~~awards ~~Bulletin~~under ~~(A)~~our ~~Board~~stock asoption ofplan ~~the~~and ~~dates~~any other ofcompensation ~~grant~~plans that we may adopt in the future.

~~Fair~~Corporate ~~value~~Governance ~~hierarchy~~Committee ~~of the above assumptions can be categorized as follows:~~

~~F-18~~We have no formal corporate governance committee. Our board meets with and discusses current disclosure issuances with our management personnel and with our legal counsel, in order to not only report any matters which should be the subject of either public disclosure or remedial action, but also to assist in establishing reporting and disclosure procedures to ensure that we are in compliance with our disclosure and compliance obligations under applicable laws, rules and obligations.

(1)	Level 1 inputs include:
	Fair value of common stock on date of grant- Obtained from the closing price of the Company’s common stock quoted on the OTC Bulletin Board as of the date of grant.
(2)	Level 2 inputs include:
	Expected volatility- Based on historical volatility of the closing price of the Company’s common stock quoted on the OTC Bulletin Board.
	Risk-free rate- The risk-free rate of return reflects the interest rate for United States Treasury Note with similar time-to-maturity to that of the options.
(3)	Level 3 inputs include:
	Expected lives- The expected lives of options granted were derived from the output of the option valuation model and represented the period of time that options granted are expected to be outstanding.
	Expected forfeitures per year- The expected forfeitures are estimated at the dates of grant and will be revised in subsequent periods pursuant to actual forfeitures, if significantly different from the previous estimates.

~~The~~Item ~~estimates of fair value from the model are theoretical values of stock options and changes in the assumptions used in the model could result in materially different fair value estimates~~11. ~~The~~Executive ~~actual value of the stock options will depend on the market value of the Company’s common stock when the stock options are exercised.~~ Compensation

~~Options~~The ~~issued~~particulars ~~and outstanding as~~ of ~~December~~the ~~31,~~compensation ~~2016~~paid ~~and their~~to ~~activities during~~ the ~~twelve months then ended are as follows~~following persons:

				Weighted-Average
	Number of		Weighted-Average	Contractual Life
	Underlying		Exercise Price Per	Remaining in
	Shares		Share	Years
Outstanding as of January 1, 2016	-	$	-
Granted- Before reverse split	1,000,000		0.03
Granted- After reverse split	50,000		0.6
Expired	-		-
Forfeited	-		-
Outstanding as of December 31, 2016	50,000		0.6	1.5
Exercisable as of December 31, 2016	50,000		0.6	1.5
Vested and expected to vest	50,000		0.6	1.5

	(a)	our principal executive officer;

	(b)	each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended December 31, 2017 and 2016; and

	I	up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended December 31, 2017 and 2016,

Aswho we will collectively refer to as the named executive officers of ~~December~~our 31company, ~~2016,~~are set out in the ~~aggregate~~following ~~intrinsic~~summary ~~value~~compensation table, ofexcept that no disclosure is provided for any named executive officer, ~~options~~other ~~outstanding~~than ~~was~~our principal executive officers, whose total compensation did not exceed $0.100,000 for the respective fiscal year:

F-19

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensa- tion ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensa- tion ($)	Total ($)
Ho KangWing⁽¹⁾ Chairman, Chief Executive Officer, President and Director	2017 2016	89,088 89,230	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	89,088 89,230
Yam Chi- Wah⁽²⁾ Chief Financial Officer	2017 2016	23,040 23,076	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	23,040 23,076

NOTE 11 – NON-CONTROLLING INTEREST

	(1)	Mr. Ho Kang-Wing was appointed as chairman, chief executive officer, president and a director of our company on March 12, 2015.
	(2)	Mr. Yam Chi-Wah was appointed as chief financial officer of our company on March 12, 2015.

OnThere ~~October~~are ~~30,~~no ~~2013,~~arrangements ~~the~~or ~~Company~~plans ~~invested~~in awhich ~~subsidiary~~we provide pension, ~~TransAKT~~retirement ~~H.K.~~or ~~The~~similar ~~Company~~benefits ~~has~~for adirectors ~~60%~~or ~~interest~~executive officers. Our directors and ~~Million~~executive ~~Talented~~officers ~~Ltd.~~may ~~holds~~receive ashare options at the discretion of ~~40%~~our ~~interest.~~board ~~During~~of ~~2015,~~directors ~~Million~~in ~~Talented~~the ~~Ltd~~future. ~~transferred~~We ~~the~~do ~~40%~~not ~~TransAKT H.K.~~have ~~back~~any tomaterial ~~the~~bonus ~~Company.~~or profit ~~The~~sharing ~~Company~~plans ~~recorded~~pursuant ato ~~gain~~which oncash or non-~~controlled~~cash ~~interest~~compensation is or may be paid to our directors or executive ~~written-off~~officers, ~~and~~except ~~non-controlling~~that ~~interest~~share ~~was~~options nomay ~~longer~~be ~~exist~~granted at the discretion of our board of directors.

		December 31, 2016		December 31, 2015
Beginning Balance	$	-	$	(12,930	)
Gain on written-off of non-controlling interest		-		12,930
	$	-	$	-

~~NOTE~~Outstanding 12Equity –Awards ~~BUSINESS~~at ~~ACQUSITION~~Fiscal ~~AND~~Year ~~DISPOSAL~~End

OnThere ~~July~~were ~~26,~~no ~~2012,~~outstanding ~~TransAKT Ltd. acquired 100% of the~~ equity ~~interests~~ ofawards ~~the~~at ~~Vegfab Agricultural Technology Co. Ltd. (~~the ~~“Vegfab”)~~year ~~for for~~ended ~~the~~December ~~sum of US$5~~31,~~500,000.~~ ~~The purchase price is being paid by the delivery to Vegfab of: (i) US$1,000,000 in cash; and (ii) 150,000,000 common voting shares issued by TransAKT Ltd~~2017., with a deemed value of US$0.03 per share. The acquisition was accounted for as a business combination under the purchase method of accounting. Vegfab’s results of operations were included in the Company’s results beginning July 27, 2012. The purchase price has been allocated to the assets acquired and the liabilities assumed based on their fair value at the acquisition date as summarized in the following:

Purchase price	$	5,500,000
Allocation of the purchase price:
Cash and cash equivalents		9,468
Accounts receivable, net		21,929
Inventory		107,267
Due from related party		187,912
Prepaid expenses		343,019
Property, plant, and equipment, net		313,586
Other assets		8,300
Short-term loan		(126,971	)
Accounts payable		(97,084	)
Advance from customers		(265,090	)
Capital lease obligation		(166,075	)
Fair value of net assets acquired		336,261
Goodwill	$	5,163,739

Option Exercises and Stock Vested

~~Vegfab~~During ~~contributed~~our ~~net~~fiscal ~~revenues of $335,164 and $195,323, and net loss of $3,559,087 and $483,330 for the~~ year ended December 31, ~~2013~~2017 ~~and~~there ~~for~~were no ~~the~~options ~~period~~exercised ~~from~~by ~~July~~our ~~27,~~named ~~2012 through December 31, 2012, respectively~~officers.

InCompensation ~~2013, the Company recorded a goodwill write-down~~ of ~~$5,163,739,~~ ~~which~~Directors eliminated all remaining goodwill of the Company. Goodwill was determined to have been impaired because of the current financial condition of the Company and the Company’s inability to generate future operating income without substantial sales volume increases, which are highly uncertain. Furthermore, the Company’s anticipated future cash flows indicate that the recoverability of goodwill is not reasonably assured. The goodwill write-down was included as a component of operating expense in 2013.

~~F-20~~We do not have any agreements for compensating our directors for their services in their capacity as directors, although such directors are expected in the future to receive stock options to purchase shares of our common stock as awarded by our board of directors.

~~On June 24~~Pension, ~~2015,~~Retirement ~~the~~or ~~Company~~Similar ~~disposed~~Benefit ~~the~~Plans investments on the above subsidiaries, TransAKT Taiwan Ltd. and Vegfab Agricultural Technology Co. The Company received $100,000 and got rid of all assets and liabilities from these subsidiaries. Since these subsidiaries provided negative equity of $1,183,275, the Company recorded $1,283,275 gain on disposal of investment.

OnThere ~~June~~are ~~24,~~no ~~2015,~~arrangements ~~the~~or ~~company~~plans ~~also~~in ~~disposed~~which ~~another~~we ~~investment~~provide pension, ~~with~~retirement aor ~~prepaid~~similar ~~deposit~~benefits offor ~~$1,000,000.~~directors ~~This~~or ~~investment~~executive ~~became~~officers. ~~valueless~~We ~~and~~have ~~was~~no ~~fully~~material ~~written~~bonus or profit sharing plans pursuant to which cash or non-~~off~~cash compensation ~~with~~is $1or may be paid to our directors or executive officers,~~000,000~~ ~~loss~~except that onstock ~~disposal~~options may be granted at the discretion of ~~investment~~the board of directors or a committee thereof.

~~NOTE~~Indebtedness 13of –Directors, ~~EARNINGS~~Senior ~~PER~~Officers, ~~SHARE~~Executive Officers and Other Management

~~The~~None ~~Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation~~ of ~~basic~~our ~~and diluted~~directors ~~earnings~~or ~~per~~executive ~~share.~~officers ~~Basic~~or ~~earnings~~any ~~per~~associate ~~share are computed using the~~or ~~weighted~~affiliate ~~average number~~ of ~~shares~~our ~~outstanding~~company during the ~~fiscal~~last ~~year.~~two ~~The following~~fiscal ~~table~~years, ~~sets~~is ~~forth~~or ~~the~~has ~~computation~~been indebted ofto ~~basic~~our ~~and~~company ~~diluted~~by ~~net~~way ~~income~~of ~~per common~~guarantee, ~~share:~~support ~~The~~agreement, ~~following~~letter ~~table sets forth the computation~~ of ~~basic and~~credit ~~diluted~~or ~~net~~other ~~income~~similar ~~per~~agreement ~~common~~or ~~share:~~understanding currently outstanding.

		December 31, 2016			December 31, 2015
Numerator
Net (loss)/income	$	(299,500	)	$	(302,934	)
Denominator
Weighted average shares – Basic EPS
Weighted average shares – Diluted EPS
		22,670,938			30,672,404
Net income (loss) per share – Basic and Diluted
EPS - basic and diluted	$	(0.01	)	$	(0.01	)

Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

~~NOTE~~The 14following –table ~~SUBSEQUENT~~sets ~~EVENTS~~forth, as of April 9 , 2018, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

~~The Company evaluated all events or transactions that occurred after December 31, 2016 up through the date the Company issued these financial statements.~~ 26

On February 28, 2017, Mr. Ho Kang–wing (the holder of convertible promissory note) elected to convert the entire outstanding amount of the Note into 105,066,666 common shares of the Company including the accumulated interest. Therefore, the issued and outstanding common shares of the Company were increased to 133,506,570 shares at that date.

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class⁽¹⁾
Ho Kang-Wing President, Chief Executive Officer, and Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	71,250,000	53.37%
Tam Yuk-Ching Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	1,400,000	1.05%
He Jingtian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	1,400,000	1.05%
He Jiaxian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	750,000	(2)
Yam Chi-Wah Chief Financial Officer Flat E 7/F Block 21 Laguna City Kwun Tong Kowloon, Hong Kong	125,000	(2)
*Directors and Executive Officers as a* *Group⁽¹⁾***	74,925,000 *Common Shares*	56.12%
Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class⁽¹⁾
Au Yeung Kam-Hung Room 1306 Lai Ming House, Wah Ming Estate, Fanling, Hong Kong	36,401,666	27.26%
*Other holders of 5% or more*	*36,401,666 Common Shares*	27.26%

~~F-21~~ 27

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

	(1)	Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on April 9, 2018. As of April 9, 2018 there were 133,506,570 shares of our company’s common stock issued and outstanding.

	(2)	Less than 1%

OnChanges April 30, 2016, AWC (CPA) Limited (“AWC”) resigned as the Company’s independent registered public accounting firm. The reports of AWC on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2015 and 2014 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2015 and 2014, and the subsequent interim period through May 5, 2016, there were no (i) "disagreements" (as that term is defined in ~~Item~~Control 304(a)(1)(iv) of Regulation S-K) with AWC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to AWC's satisfaction, would have caused AWC to make reference to the subject matter thereof in its reports for such fiscal years and interim period, or (ii) "reportable events" as that term is described in Item 304(a)(1)(v) of Regulation S-K.

OnWe ~~May~~are 5,unaware ~~2016,~~of ~~the~~any ~~Company~~contract ~~engaged~~or ~~Centurion~~other ZDarrangement ~~CPA Limited~~the ~~(“CZD”)~~operation ~~(previously~~of ~~named~~which asmay ~~DCAW~~at ~~(CPA)~~a ~~Limited)~~subsequent asdate ~~our~~result ~~new~~in ~~independent registered~~a ~~public~~change ~~accounting~~in ~~firm~~control toof ~~audit the Company’s financial statements~~our ~~for the fiscal year ended December 31, 2016~~ company.

~~This~~Item ~~was~~13. ~~reported~~Certain inRelationships ~~a Current Report on Form 8-K filed with the Securities~~ and ~~Exchange~~Related ~~Commission on May 6~~Transactions, ~~2016.~~and Director Independence

~~Item~~The ~~9A.~~Company’s ~~Controls~~officers and ~~Procedures~~shareholders have advanced funds to the Company for working capital purposes. The Company has not entered into any agreement on the repayment terms for these advances. The advance had been paid off during the year.

~~Evaluation~~Except as disclosed herein, no director, executive officer, shareholder holding at least 5% of ~~Disclosure~~shares ~~Controls~~of ~~and~~our ~~Procedures~~common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the year ended December 31, 2017, in which the amount involved in the transaction exceeded or one percent of the average of our total assets at the year-end for the last three completed fiscal years.

WeDirector ~~maintain~~Independence disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

AsWe ofcurrently ~~the~~act ~~end~~with offour ~~the~~directors, ~~period~~consisting ~~covered~~of ~~by this report, our~~Ho ~~management~~Kang-Wing, ~~with~~He ~~the~~Jingtian, ~~participation~~He ofJiaxian, ~~our chief executive officer~~ and ~~chief financial~~Tam ~~officer~~Yuk-Ching. ~~(our~~We ~~principal~~have ~~executive~~not ~~officer,~~made ~~principal financial officer~~any ~~and~~determination ~~principal~~as ~~accounting~~to ~~officer),~~whether ~~carried~~any ~~out an evaluation~~ of ~~the effectiveness of~~ our ~~disclosure~~directors ~~controls~~are ~~and~~independent ~~procedures.~~directors, ~~Based upon this~~as ~~evaluation,~~that ~~and~~term ~~the~~is ~~material~~used ~~weaknesses outlined~~ in ~~our~~Rule ~~Management~~4200(a)(15) ~~Report~~of ~~on Internal~~the ~~Control~~Rules ~~Over~~of ~~Financial~~National ~~Reporting,~~Association ~~our management concluded that our~~of ~~disclosure~~Securities ~~controls and procedures were not effective~~Dealers.

~~Management’s~~Item ~~Report~~14. onPrincipal ~~Internal~~Accounting ~~Control~~Fees ~~Over~~and ~~Financial Reporting~~ Services

~~Our~~The ~~management~~aggregate isfees ~~responsible~~billed for ~~establishing~~the ~~and~~most ~~maintaining~~recently completed ~~adequate~~fiscal ~~internal~~year ~~control~~ended ~~over~~December ~~financial~~31, ~~reporting.~~2017 ~~Under the supervision~~ and ~~with~~ ~~the~~for ~~participation~~fiscal ofyear ~~our~~ended ~~management~~December 31, ~~including~~2016 for ~~our~~professional ~~chief~~services ~~executive~~rendered ~~officer and~~by ~~chief~~the ~~financial~~principal ~~officer~~accountant ~~(our~~for ~~principal~~the ~~executive~~audit ~~officer, principal~~of our annual financial ~~officer~~statements and ~~principal~~review ~~accounting officer), we conducted an evaluation~~ of the ~~effectiveness~~financial ofstatements included in our ~~internal~~quarterly ~~control~~reports ~~over~~on ~~financial~~Form ~~reporting~~10-Q asand ~~of December~~services ~~31,~~that ~~2016~~are ~~using~~normally provided by the ~~criteria~~accountant ~~established~~ in ~~Internal Control—Integrated~~connection ~~Framework~~with ~~issued~~statutory byand ~~the~~regulatory ~~Committee~~filings ~~of Sponsoring~~or ~~Organizations~~engagements offor ~~the~~these ~~Treadway~~fiscal ~~Commission~~periods ~~(COSO).~~were as follows:

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of December 31, 2016, we determined that there were control deficiencies that constituted material weaknesses, as described below:28

	Year Ended
	December 31, 2017	December 31, 2016
Audit Fees	$21,000	$21,000
Quarter Review Fees	$15,000	$15,000
Audit Related Fees	$Nil	$Nil
Tax Fees	$Nil	$Nil
All Other Fees	$Nil	$Nil
Total	$36,000	$36,000

We do not have an audit committee or a financial expert on our board of directors – While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over our financial statements. Currently, the board of directors acts in the capacity of the audit committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

We did not implement appropriate information technology controls – As of December 31, 2016, we retain copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of our data or off-site storage of the data in the event of theft, misplacement or loss due to unmitigated factors.

Our board of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.

~~Accordingly,~~Our weboard ~~concluded~~of ~~that~~directors ~~these~~has ~~control~~considered ~~deficiencies resulted~~the innature aand ~~reasonable~~amount ~~possibility~~of fees ~~that~~billed aby ~~material~~our ~~misstatement~~independent ofauditors ~~our~~and ~~annual or~~believes ~~interim~~that ~~financial~~the ~~statements~~provision ~~will~~of services ~~not~~for beactivities ~~prevented~~unrelated orto ~~detected~~the onaudit ais ~~timely basis~~compatible bywith maintaining our ~~internal~~independent ~~controls~~auditors’ independence.

As a result of the material weaknesses described above, management has concluded that we did not maintain effective internal control over financial reporting as of December 31, 2016 based on criteria established in Internal Control—Integrated Framework issued by COSO.29

~~Centurion~~PART ZDIV CPA Ltd., an independent registered public accounting firm, was not required to and has not issued a report concerning the effectiveness of our internal control over financial reporting as of December 31, 2016.

~~Continuing~~Item ~~Remediation~~15. ~~Efforts~~Exhibits, ~~to Address Deficiencies in our Internal Control Over~~ Financial ~~Reporting~~Statement Schedules

~~Once we are engaged in~~ (a) ~~business~~Financial ~~of merit and have sufficient personnel available, then our board of directors, in particular and in connection with the aforementioned deficiencies, will establish the following remediation measures:~~Statements

1.	Our board of directors will nominate an audit committee and audit committee financial expert.
	(1)	Financial statements for our company are listed in the index under Item 8 of this document
2.	We will implement formal procedures to ensure that appropriate backup of off-site storage of our data is implemented.
	(2)	All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.

~~Changes~~(b) ~~in Internal Control~~ Exhibits

During the fiscal year ended December 31, 2016 there were no changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Exhibit Number	Description
(3)	(i) Articles of Incorporation; and (ii) Bylaws

3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).

3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).

3.3	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)

3.4	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)

(10)	Material Contracts

10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).

10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)

10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)

10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)

10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)

~~Item 9B. Other Information~~30

None.

Exhibit Number	Description
10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)

10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)

10.12	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016)

(14)	Code of Ethics

14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).

(21)	Subsidiaries of the Registrant

21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company

21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company

(31)	Rule 13a-14(a)/15d-14(a) Certifications

31.1*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer

31.2*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer

(32)	Section 1350 Certifications

32.1*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer

32.2*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer

101**	Interactive Data File

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

*	Filed herewith.

**	Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

~~PART III~~ 31

~~Item~~SIGNATURES ~~10. Directors, Executive Officers and Corporate Governance~~

~~The~~Pursuant ~~following~~to ~~table sets forth~~ the ~~directors,~~requirements ~~executive officers,~~of ~~promoters~~Section ~~and~~13 ~~control~~or ~~persons,~~15(d) ~~their~~of ~~ages, and all offices and~~the ~~positions~~Securities ~~held~~Exchange ~~within~~Act ~~our company as~~ of ~~December 31~~1934, ~~2016.~~the ~~Directors~~registrant ~~are~~has ~~elected for~~duly acaused ~~period~~this ofreport ~~one~~to be ~~year~~signed ~~and~~on ~~thereafter~~its ~~serve~~behalf ~~until their successor is duly elected~~ by the ~~stockholders~~undersigned, ~~and~~thereto ~~qualified.~~duly ~~Officers and other employees serve at the will of the board of directors~~authorized.

Name	Age	Position	Date First Elected or Appointed
	TransAKT Ltd.
Ho Kang-Wing	54	Chairman, Chief Executive Officer, President and Director	March 12, 2015
	(Registrant)
Yam Chi-Wah	54	Chief Financial Officer	March 12, 2015
Dated: April 9, 2018	/s/ Ho Kang-Wing
He Jiaxian	30	Director	March 12, 2015
	Ho Kang-Wing
He Jingtian	62	Director	March 12, 2015
	President, Chief Executive Officer, and Director
Tam Yuk-Ching	50	Director	March 12, 2015
	(Principal Executive Officer)
Dated: April 9, 2018	/s/ Yam Chi-Wah
	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

~~Business~~Pursuant ~~Experience~~to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

The following is a brief account of the education and business experience during at least the past five years of each director, executive officer and key employee of our company, indicating the person’s principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.

Dated: April 9, 2018	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)

Dated: April 9, 2018	/s/ He Jingtian

	He Jingtian
	Director

Dated: April 9, 2018	/s/ He Jiaxian

	He Jiaxian
	Director

Dated: April 9, 2018	/s/ Tam Yuk-Ching

	Tam Yuk-Ching
	Director

~~Ho Kang-Wing – Chairman, Chief Executive Officer, President and Director~~32

Since 1993 Ho Kang Wing has served and the managing director of Guangdong Dongrong Metal Products Co., Ltd., Foshan, Guangdong, China based company specializing in the design and production of metal and wood products. Under his direction Guangdong Dongrong has achieved annual revenues in excess of USD$100,000,000. Mr. Ho has served on TransAKT’s board of directors since July 2013.Mr. Ho has committed to help TransAKT to develop and promote our product mix in China and other Asian countries. He is 54 years of age and resides in Kowloon City, Hong Kong.

Yam Chi-Wah –Chief Financial Officer

Mr. Yam holds a BA (Honors) of Business Finance from Napier University of Edinburgh, and brings more than 20 years of industry experience in the accounting field. Prior to joining TransAKT Mr. Yam Served as financial controller of Legend Hardware Ltd. from 2006 to 2015, a company specializing in the manufacture, processing, and distribution of office & home furnishings.

He Jingtian – Director

In 1993 Mr. He Jingtian founded Guangdong Dongrong Metal Products Co., Ltd. He has served as general manager of Guangdong Dongrong since its inception. He is 62 years of age and resides in Shunde City, Guangdong, China.

He Jiaxian – Director

Mr. He Jiaxian obtained a Bachelors of Arts degree in International Economics and Trade from South China University of Technology in 2010, and a Master of Science in Management from Loughborough University (UK) in 2012. In 2013 he joined Guangdong Dongrong Metal Products Co., Ltd. as a project manager. He is also the founder and director of Guangdong Chuansuo Agricultural Science and Technology Co. Ltd. Mr. He is 30 years of age and resides in Shunde City, Guangdong, China.

Tam Yuk-Ching – Director

Since 2004 Ms. Tam Yuk Ching has served as the managing director of Legend Hardware Ltd., a Hong Kong based manufacturer of furniture hardware which employs over 2,500 workers at its 100,000 square meters factory in Foshan, China. Ms. Tam brings more than 20 years of experience in corporate finance and will assist the Company in all financing and capital raising activities in the future. She is 50 years of age and resides in Hong Kong.

Employment Agreements

We have no formal employment agreements with any of our employees, directors or officers.

Family Relationships

Our Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, He Jingtian, are brothers. Our Chairman, Chief Executive Officer, President and Director, Mr. Ho Kang-Wing and our Director, Ms Tam Yuk-Ching are married. Our Director, He Jiaxian is the son of Mr. He Jingtian. There are no other family relationships amongst our directors or officers.

Involvement in Certain Legal Proceedings

To the best of our knowledge, none of our directors or executive officers has, during the past ten years:

1. been convicted in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offences); 2. had any bankruptcy petition filed by or against the business or property of the person, or of any partnership, corporation or business association of which he was a general partner or executive officer, either at the time of the bankruptcy filing or within two years prior to that time; 3. been subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and loan, or insurance activities, or to be associated with persons engaged in any such activity; 4. been found by a court of competent jurisdiction in a civil action or by the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member

Compliance with Section 16(a) of the Securities Exchange Act of 1934

Section 16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors and persons who own more than 10% of our common stock to file with the Securities and Exchange Commission initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership of our common stock and other equity securities, on Forms 3, 4 and 5 respectively. Executive officers, directors and greater than 10% shareholders are required by the SEC regulations to furnish us with copies of all Section 16(a) reports that they file.

Based solely on our review of the copies of such forms received by us, or written representations from certain reporting persons, we believe that during fiscal year ended December 31, 2016, all filing requirements applicable to our officers, directors and greater than 10% percent beneficial owners were complied with.

Code of Ethics

In addition, we practice corporate governance in accordance with rules and regulations in Canada.

Corporate governance relates to the activities of our directors who are elected by and accountable to the shareholders and takes into account the role of management who are appointed by the board and who are charged with our ongoing management. Our board of directors encourages sound corporate governance practices designed to promote our well being and on-going development, having always as its ultimate objective the best long-term interests of us and the enhancement of value for all shareholders. The board also believes that sound corporate governance benefits our employees and the communities in which we operate. The board is of the view that our corporate governance policies and practices, outlined in our code of ethics, are appropriate and substantially consistent with the guidelines for improved corporate governance in Canada as adopted by the Toronto Stock Exchange.

Board and Committee Meetings

Our board of directors held no formal meetings during the year ended December 31, 2016. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Alberta Corporations Act and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

Nomination Process

As of December 31, 2016, we did not effect any material changes to the procedures by which our shareholders may recommend nominees to our board of directors. Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our company’s requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors. If shareholders wish to recommend candidates directly to our board, they may do so by sending communications to the president of our company at the address on the cover of this annual report.

Audit Committee

We have no formal audit committee, and thus, we have no audit committee financial expert. Our board is responsible for reviewing our financial reporting procedures, internal controls, and the performance of our auditors. Our board is also responsible for reviewing all disclosure with respect to financial matters prior to filing or release. Mr. Yam Chi-wah is our chief financial officer. Mr. Yam reports to our board in his capacity as chief financial officer.

Audit Committee Financial Expert

Our board of directors has determined that it does not have an audit committee and so have no audit committee member that qualifies as an "audit committee financial expert" as defined in Item 407(d)(5)(ii) of Regulation S-K.

Compensation Committee

We have no formal compensation committee. Our board determines the terms of the compensation packages provided to our senior executive officers, including salary, bonus and awards under our stock option plan and any other compensation plans that we may adopt in the future.

Corporate Governance Committee

We have no formal corporate governance committee. Our board meets with and discusses current disclosure issuances with our management personnel and with our legal counsel, in order to not only report any matters which should be the subject of either public disclosure or remedial action, but also to assist in establishing reporting and disclosure procedures to ensure that we are in compliance with our disclosure and compliance obligations under applicable laws, rules and obligations.

Item 11. Executive Compensation

The particulars of the compensation paid to the following persons:

(a) our principal executive officer; (b) each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended December 31, 2016 and 2015; and (c) up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended December 31, 2016 and 2015,

who we will collectively refer to as the named executive officers of our company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensa- tion ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensa-tion ($)	Total ($)
Ho KangWing(1) Chairman, Chief Executive Officer, President and Director	2016 2015	89,230 66,923	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	89,230 66,923
Yam Chi- Wah(2) Chief Financial Officer	2016 2015	23,076 17,308	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	23,076 17,308

	(1)	Mr. Ho Kang-Wing was appointed as chairman, chief executive officer, president and a director of our company on March 12, 2015.
	(2)	Mr. Yam Chi-Wah was appointed as chief financial officer of our company on March 12, 2015.

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive share options at the discretion of our board of directors in the future. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that share options may be granted at the discretion of our board of directors.

2014 Grants of Plan-Based Awards

There were no grants of plan based awards during the year ended December 31, 2016.

Outstanding Equity Awards at Fiscal Year End

There were no outstanding equity awards at the year ended December 31, 2016.

Option Exercises and Stock Vested

During our fiscal year ended December 31, 2016 there were no options exercised by our named officers.

Compensation of Directors

We do not have any agreements for compensating our directors for their services in their capacity as directors, although such directors are expected in the future to receive stock options to purchase shares of our common stock as awarded by our board of directors.

Pension, Retirement or Similar Benefit Plans

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have no material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.

Indebtedness of Directors, Senior Officers, Executive Officers and Other Management

None of our directors or executive officers or any associate or affiliate of our company during the last two fiscal years, is or has been indebted to our company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of April 17, 2017, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class(1)
Ho Kang-Wing President, Chief Executive Officer, and Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	71,250,000	53.37%
Tam Yuk-Ching Director 23 Sam Mun Tsai Road, The Beverly Hills Boulevard Du Lac, House 212, Tai Po, NT Hong Kong	1,400,000	1.05%
He Jingtian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	1,400,000	1.05%
He Jiaxian Director 11 Jinghong Road Hujing Garden Daliang Shunde 528300 Foshan Gd China	750,000	(2)
Yam Chi-Wah Chief Financial Officer Flat E 7/F Block 21 Laguna City Kwun Tong Kowloon, Hong Kong	125,000	(2)
Directors and Executive Officers as a Group(1)	74,925,000 Common Shares	56.12%
Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership (Common Shares)	Percentage of Class(1)
Au Yeung Kam-Hung Room 1306 Lai Ming House, Wah Ming Estate, Fanling, Hong Kong	36,401,666	27.26%
Other holders of 5% or more	36,401,666 Common Shares	27.26%

	(1)	Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on April 17, 2017. As of April 17, 2017 there were 133,506,570 shares of our company’s common stock issued and outstanding.
	(2)	Less than 1%

Changes in Control

We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control of our company.

Item 13. Certain Relationships and Related Transactions, and Director Independence

The Company’s officers and shareholders have advanced funds to the Company for working capital purposes. The Company has not entered into any agreement on the repayment terms for these advances. The advance had been paid off during the year.

In 2013, the Company advanced funds bearing interest rate of 8% per annum from a shareholder in an aggregate amount of NTD 28,780,933, or equivalent to $969,630. The Company has repaid both principal and interest during the same year. The interest expense of $60,765 was recorded under other expense from continuing operations before income taxes.

In July, 2012, our Company issued 18,333,333 shares of common stock to our Former President, Mr. James Wu, in relation to our acquisition of Vegfab Agricultural Technology Co., Ltd. We agreed to pay Mr. Wu share compensation of 10% of the value of the acquisition that he secured for our Company. The aggregate value of the issuance was $550,000, being 10% of the $5,500,000 purchase price paid for the acquisition of Vegfab.

Except as disclosed herein, no director, executive officer, shareholder holding at least 5% of shares of our common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the year ended December 31, 2016, in which the amount involved in the transaction exceeded or exceeds the lesser of $120,000 or one percent of the average of our total assets at the year-end for the last three completed fiscal years.

Director Independence

We currently act with four directors, consisting of Ho Kang-Wing, He Jingtian, He Jiaxian, and Tam Yuk-Ching. We have not made any determination as to whether any of our directors are independent directors, as that term is used in Rule 4200(a)(15) of the Rules of National Association of Securities Dealers.

Item 14. Principal Accounting Fees and Services

The aggregate fees billed for the most recently completed fiscal year ended December 31, 2016 and for fiscal year ended December 31, 2015 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

	Year Ended
	December 31, 2016	December 31, 2015
Audit Fees	$21,000	$35,000
Audit Related Fees	$Nil	$Nil
Tax Fees	$Nil	$Nil
All Other Fees	$Nil	$Nil
Total	$21,000	$35,000

Our board of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a)	Financial Statements
	(1)	Financial statements for our company are listed in the index under Item 8 of this document
	(2)	All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.
(b)	Exhibits

Exhibit	Description
Number
(3)	(i) Articles of Incorporation; and (ii) Bylaws
3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.3	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2006)
3.4	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)
3.5	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)
(10)	Material Contracts
10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)
10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)
10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)
10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)

Exhibit	Description
Number
10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)
10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)
10.12	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016)
(14)	Code of Ethics
14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
(21)	Subsidiaries of the Registrant
21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company
21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
31.2*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
(32)	Section 1350 Certifications
32.1*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32.2*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
101**	Interactive Data File
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

Filed herewith.

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	TransAKT Ltd.
	(Registrant)
Dated: April 17, 2017	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: April 17, 2017	/s/ Yam Chi-Wah
	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal
	Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: April 17, 2017	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: April 17, 2017	/s/ He Jingtian
	He Jingtian
	Director
Dated: April 17, 2017	/s/ He Jiaxian
	He Jiaxian
	Director
Dated: April 17, 2017	/s/ Tam Yuk-Ching
	Tam Yuk-Ching
	Director

Filing Compare · TRANSAKT LTD.