SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~[X]~~ x QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~June~~September 30, 2015

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

For the transition period from ____________ to____________

Commission File No. 000-54574

~~BISON~~YINHANG ~~PETROLEUM~~INTERNET TECHNOLOGIES DEVELOPMENT, ~~CORP~~INC.

(Exact name of Registrant as specified in its charter)


Nevada	42-1771342
(State or Other Jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)

23/F Tower B, Caizhi International Mansion

No.18, East Zhongguancun Road, Haidian District, Beijing, China

(Address of Principal Executive Offices)

86 10 6250 6999

(Registrant’s Telephone Number, including area code)

Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ~~[X]~~ x No ~~[ ]~~ o

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes ~~[X]~~ x No ~~[ ]~~o

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 ~~[ ]~~ o Accelerated filer ~~[ ]~~o

Non-accelerated filer ~~[ ]~~ o Smaller reporting company ~~[X]~~x

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ~~[ ]~~ o No ~~[X]~~ x

As of ~~August~~November 111, 2015, we had outstanding ~~800~~8,000,~~000~~224 shares of common stock.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This report contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Forward-looking statements include, among other things, statements relating to:

	·	our goals and strategies;

	·	our future business development, financial condition and results of operations;

	·	our expectations regarding demand for, and market acceptance of, our services;

	·	our expectations regarding keeping and strengthening our relationships with merchants, manufacturers and end-users; and

	·	general economic and business conditions in the regions where we provide our services.

Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference and filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

Except as otherwise indicated, the information in this report relates to ~~Bison~~Yinhang ~~Petroleum~~Internet Technologies Development, ~~Corp~~Inc. as of the date of the financial statements included herein.

In this Quarterly Report on Form 10-Q, references to “~~Bison Petroleum~~Yinhang” the “Company,” “we,” “us,” “our” and words of similar import refer to ~~Bison~~Yinhang ~~Petroleum~~Internet Technologies Development, ~~Corp~~Inc., a Nevada corporation, unless the context requires otherwise.

PART I –FINANCIAL INFORMATION

Item 1. Financial Statements

INDEX TO FINANCIAL STATEMENTS
Unaudited Financial Statements of Bison Petroleum, Corp.
Unaudited Financial Statements of Yinhang Internet Technologies Development, Inc..
	Consolidated Balance Sheets as of June 30, 2015 (Unaudited) and December 31, 2014	F-2
	Consolidated Balance Sheets as of September 30, 2015 (Unaudited) and December 31, 2014	F-2
	Consolidated Statements of Operations and Comprehensive Income (Loss) for the Six Months and Three Months Ended June 30, 2015 and 2014	F-3
	Consolidated Statements of Operations and Comprehensive Income (Loss) for the Nine Months and Three Months Ended September 30, 2015 and 2014	F-3
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2015 and 2014	F-4
	Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2015 and 2014	F-4
	Consolidated Statements of Stockholders' Deficit for the Six Months Ended June 30, 2015 (Unaudited) and Year Ended December 31, 2014	F-5
	Consolidated Statements of Stockholders' Deficit for the Nine Months Ended September 30, 2015 (Unaudited) and Year Ended December 31, 2014	F-5
	Notes to the Unaudited Consolidated Financial Statements	F-6

F-1

BISON PETROLEUM, CORP.
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2015 (UNAUDITED) AND DECEMBER 31, 2014
ASSETS	2015	2014
CURRENT ASSETS:
Cash and equivalents	$ 58,227	$ 1,089,755
Account receivable	13,276	-
Prepaid expenses	19,903	9,534
Other receivables and deposits	916,688	1,438,417
Advances to suppliers	151,400	250,200
Taxes receivable	157,267	203,109
Inventories, net	587,679	708,436
Advances to related parties	365,897	263,117
Prepaid commissions - current	2,209,464	2,207,515
Deferred tax assets - current, net	722,647	724,039
Total current assets	5,202,448	6,894,122
NONCURRENT ASSETS:
Property and equipment, net	150,592	197,787
Intangible assets, net	218,790	265,368
Prepaid expenses - noncurrent	275,642	-
Prepaid commissions - noncurrent	3,800,107	4,900,511
Deferred tax assets - noncurrent, net	1,477,554	1,851,231
Total non current assets	5,922,685	7,214,897
TOTAL ASSETS	$ 11,125,133	$ 14,109,019
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable	$ 31,648	$ 152,184
Unearned revenue	2,241,786	819,188
Accrued liabilities and other payables	1,494,431	1,301,713
Commissions payable	802,590	857,390
Taxes payable	979	1,025
Deferred revenue - current	5,211,964	5,207,365
Total current liabilities	9,783,398	8,338,865
NONCURRENT LIABILITIES:
Deferred revenue - noncurrent	9,710,321	12,305,434
Other payable	50,970	1,000,000
Total noncurrent liabilities	9,761,291	13,305,434
Total Liabilities	19,544,689	21,644,299
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' DEFICIT:
Common stock, $0.001 par value; 800,000,000 shares authorized, 800,000,000 and 558,116,667 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	800,000	558,117
Paid in capital	1,248,873	490,755
Accumulated other comprehensive loss	(32,173)	(21,867)
Accumulated deficit	(10,436,256)	(8,562,286)
Total stockholders' deficit	(8,419,556)	(7,535,280)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 11,125,133	$ 14,109,019
The accompanying notes to the financial statements are an integral part of these statements.

PART I

~~F-2~~FINANCIAL INFORMATION

BISON PETROLEUM, CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
SIX AND THREE MONTHS ENDED JUNE 30, 2015 AND 2014 (UNAUDITED)
	Six Months Ended June 30		Three Months Ended June 30
	2015	2014	2015	2014
Products	$ 14,420	$ 1,398,142	$ 10,141	$ 1,260,037
Services	2,738,564	3,437,831	1,303,915	2,245,467
Net revenues	2,752,984	4,835,973	1,314,056	3,505,504
Products	2,941	325,771	56	275,044
Services	1,337,596	1,399,681	699,216	807,714
Cost of revenues	1,340,537	1,725,452	699,272	1,082,758
Gross profit	1,412,447	3,110,521	614,784	2,422,746
Operating expenses
Selling	171,369	404,874	81,486	367,450
General and administrative	2,860,438	3,160,826	1,380,717	1,599,950
Total operating expenses	3,031,807	3,565,700	1,462,203	1,967,400
Income (loss) from operations	(1,619,360)	(455,179)	(847,419)	455,346
Non-operating income (expenses)
Other income	113,711	6,095	361	2,257
Other expenses	(6,591)	(106)	(10)	(106)
Financial income	13,937	1,654	14,370	171
Total non-operating income, net	121,057	7,643	14,721	2,322
			-	-
Income (loss) before income tax	(1,498,303)	(447,536)	(832,699)	457,668
Income tax expense (benefit)	375,667	(508,466)	186,363	191,533
Net income (loss)	(1,873,970)	60,930	(1,019,062)	266,135
Foreign currency translation gain (loss)	(10,306)	190,117	(35,575)	137,516
Comprehensive income (loss)	$ (1,884,276)	$ 251,047	$ (1,054,637)	$ 403,651
Basic weighted average shares outstanding	623,598,895	558,116,667	688,361,539	558,116,667
Basic earnings (loss) per share	(0.00)	0.00	(0.00)	0.00
The accompanying notes to the financial statements are an integral part of these statements.

Item 1. Financial Statements

~~F-3~~YINHANG INTERNET TECHNOLOGIES DEVELOPMENT, INC.

BISON PETROLEUM, CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2015 AND 2014 (UNAUDITED)
		2015	2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$ (1,873,970)	$ 60,930
Adjustments to reconcile net loss to net cash
(used in operating activities:
Depreciation and amortization		98,562	86,491
Changes in deferred tax		376,409	(821,042)
Allowance for other receivables		81,582	-
Allowance for advance to suppliers		54,924	-
(Increase) decrease in assets:
	Account receivable	(13,243)	-
	Prepaid expenses	(10,334)	19,228
	Other receivables and deposits	466,778	(2,643,701)
	Advances to suppliers	17,273	(279,963)
	Inventories	121,081	(382,996)
	Prepaid commissions	1,101,992	(1,287,055)
	Long term prepayment	(274,959)	-
Increase (decrease) in liabilities:
	Accounts payable	(120,372)	51,135
	Unearned revenue	1,418,349	238,661
	Accrued liabilities and other payables	241,983	(61,103)
	Commission payable	(55,420)	(283,448)
	Taxes payable	45,861	(1,005,042)
	Deferred revenue	(2,599,519)	4,580,367
Net cash used in operating activities		(923,023)	(1,727,539)
CASH FLOWS FROM INVESTING ACTIVITIES:
	Acquisition of property & equipment	(1,093)	(155,933)
	Purchase of intangible asset	(3,520)	(205,853)
Net cash used in investing activities		(4,613)	(361,787)
CASH FLOWS FROM FINANCING ACTIVITIES:
	Capital contribution	-	78,457
	Dividend payable	-	(65,436)
	Advance from related parties	(102,294)	2,354,449
Net cash provided by (used in) financing activities		(102,294)	2,367,470
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS		(1,598)	(9,791)
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS		(1,031,528)	268,353
CASH & EQUIVALENTS, BEGINNING OF PERIOD		1,089,755	904,639
CASH & EQUIVALENTS, END OF PERIOD		$ 58,227	$ 1,172,992
Supplemental Cash flow data:
Income tax paid		$ -	$ -
Interest paid		$ -	$ -
Supplemental Disclosure of Non-Cash Financing Activities:
	Conversion of other payable into common stock	$ 1,000,000	$ -
The accompanying notes to the financial statements are an integral part of these statements.

CONSOLIDATED BALANCE SHEETS

~~F-4~~SEPTEMBER 30, 2015 (UNAUDITED) AND DECEMBER 31, 2014

BISON PETROLEUM, CORP.
		2015				2014
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
ASSETS
SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED) AND YEAR ENDED DECEMBER 31, 2014
CURRENT ASSETS:
	Shares		Amount		Additional Paid in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Stockholders' Deficit
Cash and equivalents		$	79,033			$	1,089,755
Balance at January 1, 2014	558,116,667	$	558,117	$	412,743	$	(6,840,475)	$	(38,244)	$	(5,907,859)
Account receivable			12,759				-
Capital contribution					78,013						78,013
Prepaid expenses			19,008				9,534
Net loss	-		-		-		(1,721,811)		-		(1,721,811)
Other receivables and deposits			677,307				1,438,417
Foreign currency translation gain	-		-		-		-		16,377		16,377
Advances to suppliers, net			175,901				250,200
Balance at December 31, 2014	558,116,667		558,117		490,756		(8,562,286)		(21,867)		(7,535,280)
Taxes receivable			150,280				203,109
Shares issued for capital contribution	200,000,000		200,000		800,000		-		-		1,000,000
Inventories, net			598,040				708,436
Reorganization and recapitalization	41,883,333		41,883		(41,883)		-		-		-
Advances to related parties, net			201,630				263,117
Net loss	-		-		-		(1,873,970)		-		(1,873,970)
Prepaid commissions - current			2,123,431				2,207,515
Foreign currency translation loss	-		-		-		-		(10,306)		(10,306)
Deferred tax assets - current, net			694,865				724,039
Balance at June 30, 2015	800,000,000	$	800,000	$	1,248,873	$	(10,436,256)	$	(32,173)	$	(8,419,556)
Total current assets			4,732,254				6,894,122
The accompanying notes to the financial statements are an integral part of these statements.
NONCURRENT ASSETS:
Property and equipment, net			123,646				197,787
Intangible assets, net			187,579				265,368
Prepaid expenses - noncurrent			165,689				-
Prepaid commissions - noncurrent			3,121,279				4,900,511
Deferred tax assets - noncurrent, net			1,239,671				1,851,231
Total non current assets			4,837,864				7,214,897
TOTAL ASSETS		$	9,570,118			$	14,109,019
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable		$	17,978			$	152,184
Unearned revenue			2,661,829				819,188
Accrued liabilities and other payables			1,330,197				1,301,713
Commissions payable			770,452				857,390
Taxes payable			1,458				1,025
Deferred revenue - current			5,009,018				5,207,365
Total current liabilities			9,790,932				8,338,865
NONCURRENT LIABILITIES:
Deferred revenue - noncurrent			8,079,961				12,305,434
Other payable			-				1,000,000
Total noncurrent liabilities			8,079,961				13,305,434
Total Liabilities			17,870,893				21,644,299
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' DEFICIT:
Preferred stock, $0.001 par value; 1,000,000 shares
authorized, no shares outstanding			-				-
Common stock, $0.001 par value; 20,000,000 shares
authorized, 8,000,224 and 5,581,167 shares issued and
outstanding as of September 30, 2015 and December 31, 2014, respectively			8,000				5,581
Additional paid in capital			2,040,873				1,043,292
Accumulated other comprehensive income (loss)			286,714				(21,867	)
Accumulated deficit			(10,636,362	)			(8,562,286	)
Total stockholders' deficit			(8,300,775	)			(7,535,280	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	9,570,118			$	14,109,019

F-52

~~BISON~~YINHANG ~~PETROLEUM~~INTERNET TECHNOLOGIES DEVELOPMENT, ~~CORP~~INC.

~~NOTES~~CONSOLIDATED TOSTATEMENTS ~~CONSOLIDATED~~OF ~~FINANCIAL~~OPERATIONS ~~STATEMENTS~~AND COMPREHENSIVE INCOME (LOSS)

~~JUNE~~NINE ~~30,~~AND ~~2015~~THREE ~~(UNAUDITED)~~MONTHS ~~AND~~ENDED ~~DECEMBER~~SEPTEMBER 3130, 2015 AND 2014 (UNAUDITED)

1. ORGANIZATION AND DESCRIPTION OF BUSINESS

	Nine Months Ended September 30						Three Months Ended September 30
	2015			2014			2015			2014

Products	$	14,550		$	1,647,856		$	130		$	249,714
Services		4,009,053			4,597,168			1,270,489			1,159,337
Revenues		4,023,603			6,245,024			1,270,619			1,409,051

Products		2,907			414,651			(34	)		88,880
Services		1,828,463			2,032,438			490,867			632,757
Cost of revenues		1,831,370			2,447,089			490,833			721,637

Gross profit		2,192,233			3,797,935			779,786			687,414
								61	%		60	%
Operating expenses
Selling		222,275			607,949			50,906			203,075
General and administrative		3,549,494			4,409,953			689,056			1,249,127

Total operating expenses		3,771,769			5,017,902			739,962			1,452,202

Income (loss) from operations		(1,579,536	)		(1,219,967	)		39,824			(764,788	)

Non-operating income (expenses)
Other income		112,882			17,348			(829	)		11,253
Other expenses		(61,847	)		(18,912	)		(55,256	)		(18,806	)
Financial income		12,813			1,658			(1,124	)		4

Total non-operating income (expenses), net		63,848			94			(57,209	)		(7,549	)

Loss before income tax		(1,515,688	)		(1,219,873	)		(17,385	)		(772,337	)
Income tax expense (benefit)		558,388			(640,191	)		182,721			(131,725	)

Net loss		(2,074,076	)		(579,682	)		(200,106	)		(640,612	)
Foreign currency translation gain (loss)		308,581			164,423			318,887			(25,694	)

Comprehensive income (loss)	$	(1,765,495	)	$	(415,259	)	$	118,781		$	(666,306	)

Basic weighted average shares outstanding		6,830,678			5,581,391			8,000,224			5,581,391

Basic loss per share	$	(0.30	)	$	(0.10	)	$	(0.03	)	$	(0.11	)

Bison Petroleum, Corp. (the “Company” or “Bison”) was incorporated on February 9, 2010, under the laws of the State of Nevada. Yinhang Internet Technologies Development, Inc. (“Yinhang US”), is a holding company incorporated in Nevada on May 5, 2010. F-3

OnYINHANG ~~May~~INTERNET ~~13,~~TECHNOLOGIES ~~2015~~DEVELOPMENT, Yinhang US and its stockholders entered into a share exchange agreement, with Bison, pursuant to which Bison acquired 100% of the issued and outstanding capital stock of Yinhang US for 758,116,667 shares of Bison’s common stockINC. ~~After~~CONSOLIDATED ~~giving~~STATEMENTS ~~effect~~OF toCASH ~~the~~FLOWS ~~Share~~NINE ~~Exchange,~~MONTHS ~~Bison~~ENDED ~~had~~SEPTEMBER ~~outstanding 800~~30,~~000,000~~ ~~shares~~2015 ofAND ~~common~~2014 stock, representing all of Bison’s authorized shares of common stock. The 758,116,667 shares included the 200,000,000 shares issued to the three investors pursuant to a subscription agreement described in Note 10.(UNAUDITED)

The acquisition of Yinhang US was accounted for as a recapitalization effected by a share exchange, wherein Yinhang US is considered the acquirer for accounting and financial reporting purposes with no adjustment to the historical basis of its assets and liabilities. Yinhang US’s shareholders become the majority shareholders and have control of the Company and, Bison was a non-operating public shell prior to the acquisition. As a result of the acquisition of Yinhang US, Bison is no longer a shell company. Pursuant to Securities and Exchange Commission (“SEC”) rules, the merger or acquisition of a private operating company into a non-operating public shell with nominal net assets is considered a capital transaction in substance, rather than a business combination. Accordingly, no pro forma financial information was presented since it is a recapitalization of Yinhang US.

	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(2,074,076	)	$	(579,682	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Depreciation and amortization		141,081			134,417
Provision for advance to suppliers		80,987			-
Provision for inventory impairment		-			4,965
Loss on disposal of fixed assets		780			-
Changes in deferred tax		559,124			(643,858	)
(Increase) decrease in assets:
Account receivable		(13,147	)		-
Prepaid expenses		(10,136	)		67,884
Other receivables and deposits		727,772			(837,456	)
Advances to suppliers		(13,808	)		(89,029	)
Inventories		85,945			(528,310	)
Prepaid commissions		1,640,940			(755,796	)
Long term prepayment		(170,721	)		-
Increase (decrease) in liabilities:
Accounts payable		(132,309	)		47,740
Unearned revenue		1,930,753			339,141
Accrued liabilities and other payables		130,954			(71,027	)
Commissions payable		(55,928	)		(429,350	)
Taxes payable		46,949			(1,373,871	)
Deferred revenue		(3,870,857	)		3,335,840

Net cash used in operating activities		(995,696	)		(1,378,393	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property & equipment		-			(161,550	)
Purchase of intangible asset		(3,495	)		(220,748	)

Net cash used in investing activities		(3,495	)		(382,299	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Capital contribution		-			78,112
Dividend paid		-			(65,149	)
Advance from related parties		509			957,857

Net cash provided by financing activities		509			970,820

EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS		(12,040	)		(7,212	)

NET DECREASE IN CASH & EQUIVALENTS		(1,010,722	)		(797,083	)

CASH & EQUIVALENTS, BEGINNING OF PERIOD		1,089,755			904,639

CASH & EQUIVALENTS, END OF PERIOD	$	79,033		$	107,556

Supplemental Cash flow data:
Income tax paid	$	-		$	1,245,262
Interest paid	$	-		$	-

Supplemental Disclosure of Non-Cash Financing Activities:
Conversion of other payable into common stock	$	1,000,000		$	-

Yinhang US owns 100% of Yinhang (Hongkong) Internet Technologies Development Limited (“Yinhang HK”), a company incorporated and registered in Hong Kong on June 4, 2014 to serve as an intermediate holding company with registered capital of HKD 1,000 ($129). On August 8, 2014, Yinhang HK incorporated HuahangWujie (Beijing) Internet Technology Co., Ltd (“HSWJ” or “WOFE”) with registered capital of $1.00 million, it is a wholly foreignF-owned entity of Yinhang HK, formed under the laws of the PRC. Through a series of Variable Interest Entities (“VIE”) agreements entered on February 5, 2015, HSWJ owned three operating entities in China: Beijing Huashangjie Electronic Business Service Co., Ltd. (“Huashangjie” or “HSJ”), Beijing UKT Investment Management Co., Ltd. (“UKT”) and Beijing Qianxian Media Advertising Co., Ltd. (“Qianxian Media”). HSJ, UKT and Qianxian Media are the entities under common control.4

~~HSJ~~YINHANG ~~was~~INTERNET ~~incorporated~~TECHNOLOGIES ~~on December 22~~DEVELOPMENT, ~~2009~~INC. inCONSOLIDATED ~~Beijing,~~STATEMENTS ~~China. Huashangjie~~OF ~~provides~~STOCKHOLDERS' ~~internet~~DEFICIT ~~information~~NINE ~~service~~MONTHS ~~through~~ENDED ~~classified~~SEPTEMBER ~~information platform~~30, to2015 ~~end~~(UNAUDITED) ~~merchant~~AND ~~users~~YEAR ~~which~~ENDED ~~advertise~~DECEMBER ~~their~~31, ~~products or services on HSJ’s website.~~2014

UKT was incorporated on September 1, 2011 in Beijing, China. UKT provides both physical and on-line stores to merchants and manufacturers for selling their featured products labeled with UKT trademark to online and offline customers, as well as providing hardware and software assistance to these merchants doing the business on-line.

	Shares		Amount		Additional Paid in Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total Stockholders' Deficit

Balance at January 1, 2014		5,581,391	$	5,581	$	965,279		$	(6,840,475	)	$	(38,244	)	$	(5,907,859	)
Capital contribution		-		-		78,013						-			78,013
Net loss		-		-		-			(1,721,811	)		-			(1,721,811	)
Foreign currency translation gain		-		-		-			-			16,377			16,377

Balance at December 31, 2014		5,581,391		5,581		1,043,292			(8,562,286	)		(21,867	)		(7,535,280	)
Shares issued for capital contribution		2,000,000		2,000		998,000			-			-			1,000,000
Reorganization and recapitalization		418,833		419		(419	)		-			-			-
Net loss		-		-		-			(2,074,076	)		-			(2,074,076	)
Foreign currency translation loss		-		-		-			-			308,581			308,581

Balance at September 30, 2015		8,000,224	$	8,000	$	2,040,873		$	(10,636,362	)	$	286,714		$	(8,300,775	)

~~Qianxian Media was incorporated on December 19, 2006 in Beijing, China. Qianxian Media provides advertising~~F-~~supported website and magazine to publicize the information and news regarding urban and rural areas such as agriculture polices and agriculture related videos to attract advertising source income.~~5

~~F-6~~YINHANG INTERNET TECHNOLOGIES DEVELOPMENT, INC.

AsNOTES aTO ~~result~~CONSOLIDATED ofFINANCIAL ~~the Share Exchange, Yinhang US and its subsidiaries became Bison’s wholly-owned subsidiaries, which in turn Bison owns all of the outstanding capital stock of HSJ, UKT and Qianxian Media.~~STATEMENTS

OnSEPTEMBER ~~June 24~~30, 2015, we(UNAUDITED) ~~filed~~AND aDECEMBER ~~certificate of merger with the Office of the Secretary of State of Nevada merging our wholly-owned subsidiary~~31, Yinhang, a holding company without any operations of its own, with and into our company, in a short-form merger pursuant to Section 92.180 of the Nevada Revised Statutes, which under Nevada law does not require stockholder approval.2014

~~The~~1. ~~following~~ORGANIZATION ~~chart~~AND ~~shows~~DESCRIPTION ~~the~~OF ~~Company’s current corporate structure:~~BUSINESS

Bison Petroleum, Corp. (a Nevada corporation)
100%
Yinhang (Hong Kong) Internet Technologies Development Limited (HK) (“Yinhang HK”)
100%
Huashang Wujie (Beijing) Internet Technology Co., Ltd. (PRC) (“Huashang” or “WFOE”)
VIE Contractual Arrangements
Beijing Huashangjie Electronic Business Service Co., Ltd. (PRC) (“Huashangjie”)	Beijing UKT Investment Management Co., Ltd. (PRC) (“UKT”)	Beijing Qianxian Media Advertising Co., Ltd. (PRC) (“Qianxian Media”)

Yinhang Internet Technologies Development, Inc. (the “Company”) was incorporated under the name Bison Petroleum, Corp.(“Bison”) on February 9, 2010, under the laws of the State of Nevada.

On ~~June~~May 1113, 2015, ~~the~~Bison, ~~Company’s~~then ~~Board~~a ofpublicly ~~Directors~~traded ~~unanimously~~shell ~~adopted~~company without any operations, ~~and~~entered ~~holders~~into ofand closed a ~~majority~~share ofexchange agreement, or the ~~Company’s~~Share ~~outstanding~~Exchange ~~shares~~Agreement, ofwith ~~common~~Yinhang ~~stock~~Internet ~~approved~~Technologies byDevelopment, ~~written~~Inc., ~~consent~~a privately-owned Nevada holding company incorporated in ~~lieu~~Nevada ofon aMay ~~meeting~~5, of2010 (“Yinhang US”) and the stockholders of Yinhang US (the “Yinhang Stockholders”), ~~amendments~~pursuant to ~~the~~which ~~Company’s~~Bison ~~Articles~~acquired 100% of ~~Incorporation~~the ~~changing~~issued ~~the~~and ~~Company’s~~outstanding ~~corporate~~capital ~~name~~stock toof Yinhang ~~Internet~~US ~~Technologies~~in ~~Development,~~exchange ~~Inc.,~~for ~~the~~a ~~name~~total of ~~the~~758,116,667 ~~Nevada~~shares ~~entity~~(pre-reverse ~~which~~split) of Bison’s common stock (the ~~Company~~“Share ~~acquired~~Exchange” inor the “Yinhang Acquisition,”). After ~~reducing~~giving effect to the ~~Company’s~~Share ~~authorized~~Exchange, ~~capital~~Bison ~~stock~~had tooutstanding 21800,000,000 shares, ~~comprised~~(pre-reverse ofsplit) ~~1 million shares~~ of ~~preferred~~common stock, ~~and~~representing 20all ~~million~~of itsr authorized shares of common stock~~, each having~~. ~~par~~The ~~value of $0.001~~758,116,667 ~~and~~shares ~~effecting~~(pre-reverse asplit) ~~one-for~~includes ~~one~~200,000,000 ~~hundred~~shares (1pre-~~for-100)~~ reverse ~~stock~~ split) ofissued ~~the~~to ~~Company’s common stock which will reduce~~ the ~~number~~three ofinvestors ~~outstanding~~pursuant ~~shares~~to ofa ~~common~~subscription ~~stock~~agreement toas ~~slightly~~discussed ~~more~~in ~~than~~Note ~~8,000,000 shares~~10.

~~Approval~~As a result of the ~~amendments~~Share byExchange, aYinhang ~~written~~US ~~consent~~became ~~in lieu of~~ a ~~meeting~~wholly-owned subsidiary of ~~stockholders~~Bison, ~~signed~~and byBison became the ~~holders~~owner of aall ~~majority~~ of the outstanding ~~shares~~capital ~~of common~~ stock ~~is sufficient under Section 78.320~~ of ~~the~~Yinhang ~~Revised~~HK, ~~Nevada~~which ~~Statutes.~~in ~~Accordingly,~~turn noowned ~~proxy~~all of the ~~Company’s~~outstanding ~~stockholders~~capital ~~will~~stock beof ~~solicited~~Huashang, ~~for~~ a ~~vote~~Chinese onlimited ~~the approval of the amendments. However~~company, ona ~~August~~wholly ~~10,~~foreign ~~2015~~owned ~~the~~enterprise ~~Company~~under ~~distributed~~Chinese tolaw ~~its stockholders an Information Statement to provide them~~ with ~~certain~~variable ~~information~~interest ~~concerning~~entities ~~the~~engaged ~~amendments~~ in ~~accordance with~~ the ~~requirements~~businesses ofdescribed ~~the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, including particularly Regulation 14C~~below. ~~The certificate of~~

FThe acquisition of Yinhang US was accounted for as a recapitalization effected by a share exchange, wherein Yinhang US is considered the acquirer for accounting and financial reporting purposes with no adjustment to the historical basis of its assets and liabilities. As a result of the Yinhang Acquisition, Yinhang US’s shareholders became the majority and controlling shareholders of Bison, and Bison ceased to be a shell company. Pursuant to the rules of the Securities and Exchange Commission (“SEC”) , the merger or acquisition of a private operating company into a non-7operating public shell with nominal net assets is considered a capital transaction in substance, rather than a business combination. Accordingly, no pro forma financial information was presented since it is a recapitalization of Yinhang US.

~~amendment~~At ~~effecting~~the time of the ~~amendments~~Yinhang ~~will~~Acquisition, ~~become~~Yinhang ~~effective~~US atowned ~~5:00~~100% pof Yinhang (Hongkong) Internet Technologies Development Limited (“Yinhang HK”), a company incorporated and registered in Hong Kong on June 4, 2014 to serve as an intermediate holding company with registered capital of HKD 1,000 ($129).m On August 8, 2014, Yinhang HK incorporated HuahangWujie (Beijing) Internet Technology Co., ~~Eastern~~Ltd ~~Time~~(“HSWJ” or “WOFE”) with registered capital of $1.00 million, a wholly foreign-owned entity of Yinhang HK, formed under the laws of the PRC. Through a series of Variable Interest Entities (“VIE”) agreements entered on ~~August~~February 315, 2015, ~~subject~~HSWJ toowned ~~approval~~three byoperating ~~the~~entities ~~Financial~~in ~~Industry~~China: Beijing ~~Regulatory~~Huashangjie ~~Authority~~Electronic Business Service Co., Ltd. (“Huashangjie” or “~~FINRA~~HSJ”), Beijing UKT Investment Management Co., Ltd. (“UKT”) and Beijing Qianxian Media Advertising Co., Ltd. (“Qianxian Media”). HSJ, UKT and Qianxian Media are the entities under common control.

~~2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~F-6

~~Basis~~HSJ ofwas ~~Presentation~~incorporated on December 22, 2009 in Beijing, China. Huashangjie provides internet information service through classified information platform, to end merchant users which advertise their products or services on HSJ’s website.

~~The~~UKT ~~accompanying~~was ~~consolidated~~incorporated ~~financial~~on ~~statements~~September ~~("CFS")~~1, ~~are~~2011 ~~prepared~~ in ~~conformity~~Beijing, ~~with U~~China.S. ~~Generally~~UKT ~~Accepted~~provides ~~Accounting~~both ~~Principles~~physical ~~(“US~~and ~~GAAP”).~~on-line ~~The~~stores ~~functional~~to ~~currency~~merchants ~~of Bison, Yinhang US~~ and ~~Yinhang~~manufacturers HKfor ~~are~~selling ~~U.S.~~their ~~dollars~~featured ~~(“USD”).~~products ~~The~~labeled ~~functional~~with ~~currency~~UKT oftrademark ~~HSWJ,~~to ~~Huashangjie,~~online ~~UKT,~~ and ~~Qianxian~~offline ~~Media~~customers, isas ~~Chinese~~well ~~Renminbi~~as ~~(‘‘RMB’’).~~providing ~~The~~hardware ~~accompanying~~and ~~financial~~software ~~statements~~assistance ~~are~~to ~~translated~~these ~~from~~merchants ~~RMB~~doing ~~and~~the ~~presented~~business ~~in USD~~on-line.

~~Principles~~Qianxian ofMedia ~~Consolidation~~was incorporated on December 19, 2006 in Beijing, China. Qianxian Media provides advertising-supported website and magazine to publicize the information and news regarding urban and rural areas such as agriculture polices and agriculture related videos to attract advertising source income.

~~The~~As ~~accompanying~~a ~~consolidated~~result ~~financial~~of ~~statements~~the ~~include~~Share ~~the~~Exchange, ~~accounts~~Yinhang ofUS became Bison’s wholly-owned subsidiary, with Yinhang US, ~~Yinhang~~owning ~~HK,~~all ~~WOFE,~~of ~~Huashangjie,~~the ~~UKT,~~outstanding ~~and~~capital ~~Qianxian~~stock ~~Media~~of Yinhang HK, which ~~are~~in ~~collectively~~turn ~~referred~~owned toall asof the ~~“Company”.~~outstanding ~~All~~capital ~~significant~~stock ~~intercompany~~of ~~accounts~~Huashang, a Chinese limited company and a ~~transactions~~wholly-owned ~~were~~foreign ~~eliminated~~owned enterprise under Chinese law, which in turn controlled the ~~consolidated~~operations ~~financial~~of ~~statements.~~HSJ, UKT and Qianxian Media through the VIE agreements.

~~VIE~~On ~~Agreement~~June 24, 2015, Bison filed a certificate of merger with the Office of the Secretary of State of Nevada merging its wholly-owned subsidiary, Yinhang US, with and into Bison, in a short-form merger pursuant to Section 92.180 of the Nevada Revised Statutes, which under Nevada law does not require stockholder approval.

~~The~~On ~~consolidated~~June ~~financial~~11, ~~statements~~2015, ~~include~~Bison’s ~~the~~Board ~~financial~~of ~~statements~~Directors unanimously adopted, and holders of a majority of Bison’s outstanding shares of common stock approved by written consent in lieu of a meeting of stockholders, amendments to Bison’s Articles of Incorporation changing Bison’s corporate name to Yinhang Internet Technologies Development, Inc., the name of the Nevada entity which the Company acquired in the Yinhang Acquisition, ~~its~~reducing ~~subsidiaries~~the Company’s authorized capital stock to 21,000,000 shares, comprised of 1 million shares of preferred stock and ~~its~~20 ~~VIE~~million ~~(HSJ~~shares of common stock, ~~UKT~~each having par value of $0.001, and ~~Qianxian~~effecting ~~Media)~~a one-for ~~which~~one hundred (1-for-100) reverse stock split of the Company’s ~~subsidiary~~common ~~HSWJ~~stock iswhich reduced the ~~primary~~number ~~beneficiary.~~of outstanding shares of common stock to slightly more than 8,000,000 shares.

OnApproval ~~February~~of 5,the ~~2015,~~amendments ~~HSJ,~~by ~~UKT~~a ~~and~~written ~~Qianxian~~consent ~~Media~~in ~~and~~lieu ~~their~~of ~~shareholders entered into~~ a ~~series~~meeting of ~~agreements~~stockholders ~~including~~signed ~~Management~~by ~~Entrustment~~the ~~Agreement~~holders ~~(“MEA”),~~of ~~Exclusive~~a ~~Purchase~~majority ~~Option Agreement, and Equity Pledge Agreement with HSWJ (or “WFOE”), and each~~ of the ~~shareholders~~outstanding shares of ~~these~~common ~~three~~stock ~~companies~~is ~~granted~~sufficient ~~HSWJ~~under anSection ~~irrevocable~~78.320 ~~power~~ of ~~attorney through~~ the ~~Power~~Revised ofNevada ~~Attorney~~Statutes. ~~Authorization~~On ~~Agreement~~August to10, ~~appoint~~2015 ~~HSWJ~~the asCompany ~~its~~distributed ~~sole attorney-in-fact~~ to ~~exercise all of~~ its ~~rights~~stockholders asan ~~equity~~Information ~~owner~~Statement ofcontaining ~~these~~certain ~~three~~information ~~companies.~~concerning ~~As a result of these agreements, HSWJ has~~ the ~~right~~amendments toin ~~control~~accordance ~~and~~with ~~administer~~ the ~~financial~~requirements ~~affairs and daily operations~~ of ~~these three companies in all~~ the ~~aspects~~Exchange Act and ~~has~~ the ~~right~~regulations topromulgated ~~manage~~thereunder, ~~and~~including ~~control~~particularly ~~all~~Regulation ~~assets of these three companies~~14C. The ~~equity~~certificate ~~holders~~ of ~~these~~amendment ~~three~~effecting ~~companies~~the asamendments abecame ~~group~~effective ~~have~~at no5:00 ~~right~~p.m. toEastern ~~make~~Time ~~any~~on ~~decision~~August ~~about~~31, ~~these three companies’ activities without the consent of HSWJ~~2015. In ~~consideration~~A one-for ~~its~~one ~~services,~~hundred ~~HSWJ is entitled to receive quarterly management and consulting fees equal to all after~~(1-~~tax~~for-100) ~~profits,~~reverse ifstock ~~any,~~split of ~~that quarter. If there are no net earnings after taxes, then no fee shall be paid. If~~ the ~~Companies sustain losses, they will be carried over to the next quarterly period and deducted from the next quarter~~Company’s ~~service~~common ~~fee~~stock ~~(or~~effective ~~net~~on ~~earnings).~~August ~~These~~31, ~~three~~2015 ~~companies~~was ~~have~~retroactively ~~the~~stated ~~right to require that HSWJ to pay back these three companies~~ for the ~~amount~~periods ~~of any net loss incurred by these three companies for any quarterly period given such losses have not been offset against a net profit~~presented.

The term of the MEA will continue for 30 years, or until February 4, 2045, and will be extended automatically for successive 10 year periods thereafter, except that the agreement will terminate (i) at the expiration of the initial 30F-year term, or any 10-year renewal term, if WFOE notifies these three companies not less than 30 days prior to the applicable expiration date that it does not want to extend the term, (ii) upon prior written notice from WFOE, or (iii) upon the date WFOE acquires all of the assets, or at least 51% of the equity interests, of these three companies.7

~~F-8~~The following chart shows the Company’s corporate structure:

The shareholders of these three companies irrevocably granted HSWJ or its designated person an exclusive purchase option to acquire, at any time, all of the assets or outstanding shares of these three companies, to the extent permitted by PRC law.

Yinhang Internet Technologies Development, Inc. (a Nevada corporation)

100%

Yinhang (Hong Kong) Internet Technologies Development Limited (HK) (“Yinhang HK”)

100%

Huashang Wujie (Beijing) Internet Technology Co., Ltd. (PRC) (“Huashang” or “WFOE”)

VIE Contractual Arrangements

Beijing Huashangjie Electronic Business Service Co., Ltd. (PRC) (“Huashangjie”)	Beijing UKT Investment Management Co., Ltd. (PRC) (“UKT”)	Beijing Qianxian Media Advertising Co., Ltd. (PRC) (“Qianxian Media”)

The purchase price for the shareholders’ equity interests in these three companies was equal to the actual registered capital of these three companies, unless an appraisal is required by the laws of China2. ~~The~~SUMMARY ~~term~~OF ofSIGNIFICANT ~~each~~ACCOUNTING ~~Exclusive Purchase Option Agreement is same as the term indicated in MEA.~~ POLICIES

~~Each~~Basis ~~shareholder~~ of these three companies executed an irrevocable power of attorney to appoint HSWJ as its solely attorney-in-fact to exercise all of its rights as equity owner of these three companies, including but not limited to 1) attend the shareholders’ meetings of these three companies and/or sign the relevant resolutions; 2) exercise all the shareholder's rights and shareholder's voting rights that the shareholder is entitled to under the laws of the PRC and the Articles of Association of these three companies, including but not limited to the sale or transfer or pledge or disposition of the shares in part or in whole; 3) designate and appoint the legal representative, Chairman of the Board of Directors, Directors, Supervisors, the Chief Executive Officer, Financial Officer and other senior management members of these three companies; and 4) execute the relevant share purchases and other terms stipulated in the Exclusive Purchase Option and Share Pledge Agreements.Presentation

ToThe ~~ensure~~accompanying ~~and~~consolidated ~~guarantee~~financial ~~the~~statements ~~execution~~("CFS") ~~and~~are ~~performance~~prepared ofin ~~its~~conformity ~~obligation~~with ~~under~~U.S. ofGenerally ~~MEA,~~Accepted ~~Exclusive~~Accounting ~~Purchase~~Principles ~~Option~~(“US ~~Agreement~~GAAP”). ~~and~~The ~~Power~~functional ofcurrency ~~Attorney Agreement by these three companies and each~~ of ~~their shareholders~~Yinhang, ~~each~~Yinhang ~~shareholder~~US ~~pledged~~and toYinhang ~~HSWJ~~HK ~~for~~are ~~their~~U.S. ~~full~~dollars ~~ownership interests in these three companies~~(“USD”). IfThe ~~either~~functional ~~these~~currency ~~three companies or their equity owners are in breach~~ of ~~the~~HSWJ, ~~Agreements~~Huashangjie, ~~then~~UKT, ~~HSWJ~~and ~~shall~~Qianxian beMedia ~~entitled~~is toChinese ~~require~~Renminbi ~~the~~(‘‘RMB’’). ~~equity~~The ~~owners~~accompanying offinancial ~~these~~statements ~~three~~are ~~companies~~translated tofrom ~~transfer~~RMB ~~their~~and ~~equity~~presented ~~interests~~ in ~~these three companies to it~~USD.

AsPrinciples ~~a result~~ of these agreements, HSWJ is considered the primary beneficiary of HSJ, UKT and Qianxian Media, and HSWJ can consolidate the results of operations of these companies, as HSWJ contractually controls the management of these Companies, and the Companies and their shareholders granted an irrevocable proxy to HSWJ or its designee, as defined by ASC Topic 810, “Consolidation of Variable Interest Entities”, an Interpretation of Accounting Research Bulletin No. 51, which requires certain VIEs to be consolidated by the primary beneficiary of the entity if that primary beneficiary of the entity is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns.

~~However,~~The ~~the~~accompanying ~~VIE~~CFS isinclude ~~monitored~~the byaccounts ~~the~~of ~~Company~~Yinhang, toYinhang ~~determine~~US, ifYinhang ~~any~~HK, ~~events~~WOFE, ~~have~~Huashangjie, ~~occurred~~UKT, ~~that~~and ~~could~~Qianxian ~~cause~~Media, ~~its~~which ~~primary~~are ~~beneficiary~~collectively ~~status~~referred to ~~change~~as the “Company”. ~~These~~All ~~events~~significant ~~include:~~intercompany accounts and transactions were eliminated in CFS.

a.VIE ~~The legal entity's governing documents or contractual arrangements are changed in a manner that changes the characteristics or adequacy of the legal entity's equity investment at risk.~~Agreements

b. The ~~equity~~CFS ~~investment~~include orthe ~~some~~financial ~~part~~statements ~~thereof~~of isthe ~~returned~~Company, toits ~~the~~subsidiaries ~~equity~~and ~~investors~~its VIE (HSJ, UKT and ~~other~~Qianxian ~~interests~~Media) ~~become~~for ~~exposed~~which tothe ~~expected~~Company’s ~~losses~~subsidiary ofHSWJ is the ~~legal~~primary ~~entity~~beneficiary.

c. The legal entity undertakes additional activities or acquires additional assets, beyond those anticipated at the later of the inception of the entity or the latest reconsideration event, that increase the entity's expected losses.F-8

d.On ~~The~~February ~~legal~~5, ~~entity~~2015, ~~receives~~HSJ, anUKT ~~additional~~and ~~equity~~Qianxian ~~investment~~Media ~~that~~and istheir atshareholders ~~risk~~entered into a series of agreements including Management Entrustment Agreement (“MEA”), Exclusive Purchase Option Agreement, and Equity Pledge Agreement with HSWJ (or “WFOE”), and each of the ~~legal~~shareholders ~~entity~~of ~~curtails~~these orthree ~~modifies~~companies granted HSWJ an irrevocable power of attorney through the Power of Attorney Authorization Agreement to appoint HSWJ as its ~~activities~~sole attorney-in-fact to exercise all of its rights as equity owner of these three companies. As a ~~way~~result ~~that~~of ~~decreases~~these agreements, HSWJ has the right to control and administer the financial affairs and daily operations of these three companies in all aspects and has the right to manage and control all assets of these three companies. The equity holders of these three companies as a group have no right to make any decision about these three companies’ activities without the consent of HSWJ. In consideration for its ~~expected~~services, HSWJ is entitled to receive quarterly management and consulting fees equal to all after-tax profits, if any, of that quarter. If there are no net earnings after taxes, then no fee shall be paid. If the Companies sustain losses, they will be carried over to the next quarterly period and deducted from the next quarter’s service fee (or net earnings). These three companies have the right to require HSWJ to pay back these three companies for the amount of any net loss incurred by these three companies for any quarterly period given such losses have not been offset against a net profit.

FThe MEA will continue for 30 years, or until February 4, 2045, and will be extended automatically for successive 10 year periods thereafter, except that the agreement will terminate (i) at the expiration of the initial 30-9year term, or any 10-year renewal term, if WFOE notifies these three companies not less than 30 days prior to the applicable expiration date that it does not want to extend the term, (ii) upon prior written notice from WFOE, or (iii) upon the date WFOE acquires all of the assets, or at least 51% of the equity interests, of these three companies.

~~There has been no change in the VIE structure, and none of the events listed in a~~F-~~d above have occurred as of June 30, 2015.~~9

~~Going~~The ~~Concern~~shareholders of these three companies irrevocably granted HSWJ or its designated person an exclusive purchase option to acquire, at any time, all of the assets or outstanding shares of these three companies, to the extent permitted by PRC law.

The ~~Company~~purchase ~~incurred~~price ~~net losses of $ 1.87 million~~ for the ~~six months ended June 30, 2015. The Company also had a~~ shareholders~~' deficit of $8.42 million as of June 30, 2015. These conditions raise a substantial doubt about the Company~~’s ~~ability~~equity tointerests ~~continue as a going concern. The company is currently~~ in athese ~~strategic~~three ~~changing~~companies ofwas ~~current~~equal ~~business model~~ to ~~rural~~the ~~e-commerce~~actual ~~trading~~registered ~~platform,~~capital ~~which~~of ~~integrates~~these ~~e-commerce~~three ~~and electronic administrative affairs of village~~companies, ~~and~~unless ~~targets~~an ~~the~~appraisal ~~users from village and rural area. The Company~~ is ~~currently~~required ~~test~~by ~~running~~ the ~~rural~~laws ~~e-commerce~~of ~~trading platform, expects the official operation within a few months~~China. ~~With~~The ~~existing~~term ~~resources for the sales and marketing channels including over 8,000 agents, and huge market for internet users in the rural area, the managements expects a healthy growth~~ of ~~the~~each ~~business;~~Exclusive ~~the~~Purchase ~~management~~Option ~~also~~Agreement ~~intends~~is tosame ~~raise~~as additional financing through debt and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining prolonged growth in its strategy phases. However, no assurance can be given that the ~~Company~~term ~~will~~indicated ~~be successful~~ in ~~raising additional capital~~MEA. ~~The financial statements do not include any adjustments that might result from the outcome of this uncertainty.~~

~~Use~~Each shareholder of ~~Estimates~~these three companies executed an irrevocable power of attorney to appoint HSWJ as its solely attorney-in-fact to exercise all of its rights as equity owner of these three companies, including but not limited to 1) attend the shareholders’ meetings of these three companies and/or sign the relevant resolutions; 2) exercise all the shareholder's rights and shareholder's voting rights that the shareholder is entitled to under the laws of the PRC and the Articles of Association of these three companies, including but not limited to the sale or transfer or pledge or disposition of the shares in part or in whole; 3) designate and appoint the legal representative, Chairman of the Board of Directors, Directors, Supervisors, the Chief Executive Officer, Financial Officer and other senior management members of these three companies; and 4) execute the relevant share purchases and other terms stipulated in the Exclusive Purchase Option and Share Pledge Agreements.

InTo ~~preparing~~ensure ~~financial~~and ~~statements~~guarantee inthe ~~conformity~~execution ~~with US GAAP, management makes estimates~~ and ~~assumptions~~performance ~~that~~of their ~~affect~~obligations under the ~~reported~~MEA, ~~amounts~~Exclusive ofPurchase ~~assets~~Option ~~and~~Agreement ~~liabilities~~ and ~~disclosures~~Power of ~~contingent~~Attorney ~~assets~~Agreement, ~~and~~each ~~liabilities~~shareholder atpledged ~~the~~to ~~dates~~HSWJ oftheir ~~the~~full ~~financial~~ownership ~~statements,~~interests asin ~~well~~these asthree ~~the~~companies. ~~reported~~If any ~~amounts~~ of these ~~revenues~~three ~~and~~companies ~~expenses~~or ~~during~~their ~~the~~equity ~~reporting~~owners ~~period.~~are ~~Significant~~in ~~estimates,~~breach ~~required~~of byany ~~management~~of the Agreements, ~~include~~then ~~the~~HSWJ ~~recoverability~~shall ofbe ~~long-lived~~entitled ~~assets,~~to ~~allowance~~require ~~for~~the ~~doubtful~~equity ~~accounts,~~owners ~~and~~of ~~the~~these ~~reserve~~three ~~for~~companies ~~obsolete~~to ~~and~~transfer ~~slow-moving~~their ~~inventories.~~equity ~~Actual~~interests ~~results~~in ~~could~~these ~~differ~~three ~~from~~companies ~~those~~to ~~estimates~~it.

~~Cash~~As a result of these agreements, HSWJ is considered the primary beneficiary of HSJ, UKT and ~~Equivalents~~Qianxian Media, and HSWJ can consolidate the results of operations of these companies, as HSWJ contractually controls the management of these Companies, and the Companies and their shareholders granted an irrevocable proxy to HSWJ or its designee, as defined by ASC Topic 810, “Consolidation of Variable Interest Entities”, an Interpretation of Accounting Research Bulletin No. 51, which requires certain VIEs to be consolidated by the primary beneficiary of the entity if that primary beneficiary of the entity is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns.

~~For~~However, ~~financial~~the ~~statement~~VIE ~~purposes,~~is monitored by the Company ~~considers~~to ~~all~~determine ~~highly~~if ~~liquid~~any ~~investments~~events ~~with~~have anoccurred ~~original~~that ~~maturity~~could ofcause ~~three~~its ~~months~~primary orbeneficiary ~~less~~status to bechange. ~~cash~~These ~~equivalents.~~events include:

~~Inventory~~a. The legal entity's governing documents or contractual arrangements are changed in a manner that changes the characteristics or adequacy of the legal entity's equity investment at risk.

~~Inventory~~b. ~~mainly~~The ~~consists~~equity ofinvestment ~~point~~or ofsome ~~sales~~part ~~machines,~~thereof ~~health monitoring wristwatches and tablets, etc. Inventory~~ is ~~valued~~returned atto the ~~lower~~equity ~~of average cost or market~~investors, ~~cost~~and ~~being~~other ~~determined~~interests onbecome aexposed ~~moving~~to ~~weighted~~expected ~~average~~losses ~~method.~~of ~~Inventory~~the ~~cost~~legal ~~includes labor and production overheads~~entity.

~~Property~~c. ~~and~~The ~~Equipment~~legal entity undertakes additional activities or acquires additional assets, beyond those anticipated at the later of the inception of the entity or the latest reconsideration event, that increase the entity's expected losses.

Property and equipment are stated at cost, less accumulated depreciation. Major repairs and betterments that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using shorter of useful life of the property or the unit of depletion method. For shorterF-~~lived assets the straight-line method over estimated lives ranging from 3 to 7 years is used as follows:~~10

~~F-10~~d. The legal entity receives an additional equity investment that is at risk, or the legal entity curtails or modifies its activities in a way that decreases its expected losses.

Office Equipment	3-5 years
Furniture	7 years
Electronic Equipment	5 years

There has been no change in the VIE structure, and none of the events listed in a-d above have occurred as of September 30, 2015.

~~Impairment~~Going ~~of Long-Lived Assets~~Concern

~~Long~~The Company incurred net losses of $ 2.07 million for the nine months ended September 30, 2015. The Company also had a shareholders' deficit of $8.30 million as of September 30, 2015. These conditions raise a substantial doubt about the Company’s ability to continue as a going concern. The Company is currently changing its current business model to a rural e-~~lived~~commerce ~~assets~~trading platform, which ~~include~~integrates ~~property~~e-commerce and ~~equipment~~electronic administrative affairs of villages, and ~~intangible~~targets ~~assets~~the users from villages and rural areas. The Company is currently test running the rural e-commerce trading platform, ~~are~~expects ~~reviewed~~official operation to begin within a few months. With existing resources for ~~impairment~~sales ~~whenever~~and ~~events~~marketing channels including over 8,000 agents, and the huge market for internet users in rural areas, the managements expects a healthy growth of the business; the management also intends to raise additional financing through debt and equity financing or ~~changes~~through other means that it deems necessary, with a view to moving forward and sustaining prolonged growth in ~~circumstances~~its ~~indicate~~strategy phases. However, no assurance can be given that the ~~carrying~~Company ~~amount~~will ofbe ansuccessful ~~asset~~in ~~may~~raising additional capital. The financial statements do not beinclude ~~recoverable,~~any ~~but~~adjustments atthat ~~least~~might ~~annually~~result from the outcome of this uncertainty.

~~Recoverability~~Use of long-lived assets to be held and used is measured by comparing of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds its fair value (“FV”). FV is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. Based on its review, the Company believes that, as of June 30, 2015 and December 31, 2014, there were no impairments of its long-lived assets.Estimates

~~Income~~In ~~Taxes~~preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, required by management, include the recoverability of long-lived assets, allowance for doubtful accounts, and the reserve for obsolete and slow-moving inventories. Actual results could differ from those estimates.

~~The~~Cash ~~Company utilizes FASB ASC Topic 740, “Income Taxes”, which requires recognition of deferred tax assets~~ and liabilities for expected future tax consequences of events included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.Equivalents

~~When~~For ~~tax~~financial ~~returns~~statement ~~are filed~~purposes, ~~it is likely that some positions taken would be sustained upon examination by~~ the ~~taxing~~Company ~~authorities,~~considers while others are subject to uncertainty about their merits or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all ~~available~~highly ~~evidence,~~liquid ~~management~~investments ~~believes~~with itan isoriginal ~~more~~maturity ~~likely than not that the position will be sustained upon examination, including the resolution~~ of ~~appeals~~three ormonths ~~litigation processes, if any. Tax positions taken are not offset~~ or ~~aggregated~~less ~~with~~to other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be ~~payable~~cash ~~to the taxing authorities upon examination~~equivalents. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in selling, general and administrative expenses in the statements of income. At June 30, 2015 and December 31, 2014, the Company did not take any uncertain positions that would necessitate recording a tax related liability.

~~Revenue Recognition~~Inventory

~~The~~Inventory ~~Company’s~~mainly ~~revenue~~consists ~~recognition~~of ~~policies~~point ~~are~~of insales ~~compliance~~machines, ~~with~~health ~~FASB~~monitoring ~~ASC~~wristwatches ~~Topic~~and ~~605~~tablets, ~~“Revenue Recognition”~~etc. ~~Sales~~ ~~are~~Inventory ~~recognized when a formal arrangement exists, which~~ is ~~generally~~valued ~~represented~~at ~~by a contract between~~ the ~~Company~~lower ~~and~~of ~~the~~average ~~buyer;~~cost ~~the price is fixed~~ or ~~determinable; title has passed to the buyer~~market, ~~which~~cost ~~generally~~being isdetermined aton ~~the~~a ~~time~~moving ofweighted ~~delivery~~average ofmethod. ~~the~~Inventory ~~products~~cost orincludes ~~services;~~labor noand ~~other~~production ~~significant~~ overheads.

~~F-11~~Property and Equipment

~~obligations~~Property ofand equipment are stated at cost, less accumulated depreciation. Major repairs and betterments that significantly extend original useful lives or improve productivity are capitalized and depreciated over the ~~Company~~period ~~exist~~benefited. Maintenance and ~~collectability~~repairs isare ~~reasonably~~expensed ~~assured~~as incurred. ~~Payments~~When ~~received~~property ~~before~~and ~~all~~equipment are retired or otherwise disposed of, the ~~relevant~~related ~~criteria~~cost ~~for~~and ~~revenue~~accumulated ~~recognition~~depreciation are ~~recorded~~removed asfrom ~~unearned~~the ~~revenue~~respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using shorter of useful life of the property or the unit of depletion method. For shorter-lived assets the straight-line method over estimated lives ranging from 3 to 7 years is used as follows:

The Company grants perpetual access to platform usage to certain customers. Revenue and commission costs for such licenses are recorded over a five-year estimated customer turnover period. This period is based on the Company's historical experience of customers’ activity.

Office Equipment	3-5 years
Furniture	7 years
Electronic Equipment	5 years

~~Deferred Revenue and Prepaid Commission~~F-11

~~HSJ~~Impairment ~~provides~~of ~~platform~~Long-~~hosting~~Lived services to end users which advertise their products on its website. The end users are solicited through independent sales agents. The agents solicit end customers at their designated territories to advertise end customers’ products on HSJ’s website for a fee determined by the sales agents. The sales agents are HSJ’s customers and they pay a fee to HSJ. However, the fees paid by the agents to HSJ are not determined by reference to the fees they receive from end users. Some agents make periodic payments for the periods they use the HSJ’s platform service; some pay the entire fees at once, at the outset of the relationship; and others pay the entire fee over five years. These fees are HSJ’s main revenue source. Fee received is recorded as deferred revenue and amortized over five years.Assets

~~Certain~~Long-lived ~~agents~~assets, ~~get~~which ~~the~~include ~~right~~property toand ~~use~~equipment ~~the platform for an agreed upon period~~ and ~~pay~~intangible ~~in installments over five years~~assets, ~~even though their use right might be greater than five years. Lump sum payers and some payers which pay over five years~~ are ~~given~~reviewed ~~the~~for ~~right~~impairment towhenever ~~use~~events ~~the~~or ~~system~~changes in ~~perpetuity~~circumstances ~~assuming~~indicate ~~all~~that ~~amounts are paid. HSJ provides rebates in~~ the ~~form~~carrying ofamount ~~cash or points credit to sales agents ranging from 20% - 30%~~ of ~~the~~an ~~platform-usage~~asset ~~fee.~~may ~~Such~~not ~~rebates~~be ~~are~~recoverable, ~~treated~~but ~~like~~at ~~sales~~least ~~commissions~~annually. ~~HSJ paid commissions when fees are received from agents are recorded as prepaid commission; such prepaid commission is expensed when the corresponding revenue is recognized.~~

~~Cost~~Recoverability of ~~Revenue~~long-lived assets to be held and used is measured by comparing of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds its fair value (“FV”). FV is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. Based on its review, the Company believes that, as of September 30, 2015 and December 31, 2014, there were no impairments of its long-lived assets.

~~Cost~~Income of revenue (“COR”) consists primarily of cost of purchasing inventory, commissions paid to sales agents and amortization of the web hosting platform cost. Write-down of inventory to lower of cost or market is also recorded in COR.Taxes

~~Concentration~~The Company utilizes FASB ASC Topic 740, “Income Taxes”, which requires recognition of ~~Credit~~deferred ~~Risk~~tax assets and liabilities for expected future tax consequences of events included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

~~The~~When ~~operations~~tax ofreturns are filed, it is likely that some positions taken would be sustained upon examination by the ~~Company~~taxing authorities, while others are insubject to uncertainty about their merits or the ~~PRC~~amount of the position that would be ultimately sustained. ~~Accordingly,~~ The benefit of a tax position is recognized in the ~~Company’s~~financial ~~business~~statements in the period during which, ~~financial~~based ~~condition~~on all available evidence, ~~and~~management ~~results~~believes ofit ~~operations~~is ~~may~~more belikely ~~influenced~~than bynot that the ~~political~~position will be sustained upon examination, ~~economic~~including the resolution of appeals or litigation processes, ~~and~~if ~~legal~~any. ~~environments~~Tax inpositions taken are not offset or aggregated with other positions. Tax positions that meet the ~~PRC,~~more-likely-than-not ~~and~~recognition bythreshold are measured as the ~~general~~largest ~~state~~amount of tax benefit that is more than 50% likely of being realized upon settlement with the ~~PRC~~applicable ~~economy~~taxing authority. The ~~Company~~portion ~~has~~of ~~cash~~the onbenefits ~~hand~~associated ~~and~~with ~~demand~~tax ~~deposits~~positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in ~~accounts~~the ~~maintained~~accompanying balance sheets along with ~~state-owned~~any ~~banks~~associated ~~within~~interest and penalties that would be payable to the ~~PRC~~taxing authorities upon examination. ~~Cash~~Interest inassociated ~~state-owned~~with ~~banks~~unrecognized tax benefits is ~~not~~classified ~~covered~~as byinterest ~~insurance.~~expense ~~The~~and ~~Company~~penalties ~~did~~are ~~not~~classified ~~experienced~~in ~~any~~selling, ~~losses~~general and administrative expenses in ~~such~~the ~~accounts~~statements of income. At September 30, 2015 and ~~believe~~December ~~they~~31, ~~are~~2014, the Company did not ~~exposed~~take to any ~~risks~~uncertain onpositions ~~their~~that ~~cash~~would innecessitate ~~these~~recording ~~bank~~a ~~accounts~~tax related liability.

~~Statement of Cash Flows~~F-12

InRevenue accordance with ASC Topic 230, “Statement of Cash Flows,” cash flows from the Company’s operations are calculated based on the local currencies using the average translation rates. As a result, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.Recognition

~~F-12~~The Company’s revenue recognition policies comply with FASB ASC Topic 605, “Revenue Recognition”. Sales are recognized when a formal arrangement exists, which is generally represented by a contract between the Company and the buyer; the price is fixed or determinable; title has passed to the buyer, which generally is at the time of delivery of the products or services; no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue.

~~Fair~~The ~~Value~~Company ~~(“FV”)~~grants perpetual access to platform usage to certain customers. Revenue and commission costs for such licenses are recorded over a five-year estimated customer turnover period. This period is based on the Company's historical experience of ~~Financial~~customers’ ~~Instruments~~activity.

~~Certain~~Deferred ofRevenue ~~the Company’s financial instruments, including cash~~ and ~~equivalents,~~Prepaid accrued liabilities and accounts payable, carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 825, “Financial Instruments,” requires disclosure of the FV of financial instruments held by the Company. The carrying amounts reported in the balance sheets for current liabilities each qualify as financial instruments and are a reasonable estimate of their FV because of the short period of time between the origination of such instruments and their expected realization and the current market rate of interest.Commission

~~Fair~~HSJ ~~Value~~provides ~~Measurements~~platform-hosting services to end users which advertise their products on its website. The end users are solicited through independent sales agents. The agents solicit end customers at their designated territories to advertise end customers’ products on HSJ’s website for a fee determined by the sales agents. The sales agents are HSJ’s customers and ~~Disclosures~~they pay a fee to HSJ. However, the fees paid by the agents to HSJ are not determined by reference to the fees they receive from end users. Some agents make periodic payments for the periods they use the HSJ’s platform service; some pay the entire fees at once, at the outset of the relationship; and others pay the entire fee over five years. These fees are HSJ’s main revenue source. Fees received are recorded as deferred revenue and amortized over five years.

~~ASC~~Certain ~~Topic~~agents ~~820,~~get ~~“Fair~~the ~~Value~~right ~~Measurements~~to use the platform for an agreed upon period and ~~Disclosures,” defines~~pay FVin installments over five years, even though their use right might be greater than five years. Lump sum payers and ~~establishes~~some apayers ~~three-level~~which ~~valuation~~pay ~~hierarchy~~over ~~for~~five ~~disclosures~~years are given the right to use the system in perpetuity assuming all amounts are paid. HSJ provides rebates in the form of FVcash ~~measurement~~or ~~that~~points ~~enhances~~credit ~~disclosure~~to ~~requirements~~sales ~~for~~agents FVranging ~~measures~~from 20% - 30% of the platform-usage fee. ~~The~~Such ~~three~~rebates ~~levels~~are treated like sales commissions. HSJ paid commissions when fees are ~~defined~~received from agents are recorded as ~~follow:~~prepaid commission; such prepaid commission is expensed when the corresponding revenue is recognized.

●Cost Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of ~~the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the FV measurement.~~Revenue

AsCost of ~~June~~revenue ~~30,~~(“COR”) ~~2015~~consists ~~and~~primarily ~~December~~of ~~31,~~cost ~~2014,~~of ~~the~~purchasing ~~Company~~inventory, ~~did~~commissions ~~not~~paid ~~identify~~to ~~any~~sales ~~assets~~agents and ~~liabilities~~amortization ~~that~~of ~~are~~the ~~required~~web hosting platform cost. Write-down of inventory to belower ~~presented~~of oncost ~~the~~or ~~balance~~market ~~sheet~~is atalso FVrecorded in COR.

~~Foreign~~Concentration ~~Currency~~of ~~Translation~~Credit ~~and Comprehensive Income (Loss)~~Risk

The ~~functional~~operations ~~currency~~ of the Company are isin ~~RMB~~the PRC. Accordingly, ~~For~~the Company’s business, financial ~~reporting~~condition, ~~purposes~~and results of operations may be influenced by the political, ~~RMB~~economic, isand ~~translated~~legal ~~into~~environments ~~USD~~in asthe PRC, and by the ~~reporting~~general ~~currency~~state of the PRC economy. ~~Assets~~The Company has cash on hand and ~~liabilities~~demand ~~are~~deposits ~~translated~~in ataccounts maintained with state-owned banks within the ~~exchange~~PRC. ~~rate~~Cash in ~~effect~~state-owned atbanks ~~the~~is ~~balance~~not ~~sheet~~covered ~~dates~~by insurance. ~~Revenues~~The Company did not experienced any losses in such accounts and ~~expenses~~believe they are ~~translated~~not atexposed ~~the~~to ~~average~~any ~~rate~~risks ofon ~~exchange~~their ~~prevailing~~cash ~~during~~in ~~the~~these ~~reporting~~bank ~~period~~accounts.

~~Translation~~Statement ~~adjustments arising from the use~~ of ~~different~~Cash exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income. There was no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date.Flows

~~The~~In ~~Company~~accordance ~~uses~~with ~~FASB~~ ASC Topic ~~220~~230, “~~Comprehensive~~Statement ~~Income”.~~of ~~Comprehensive~~Cash ~~income~~Flows,” cash ~~(loss)~~flows isfrom ~~comprised~~the ofCompany’s ~~net~~operations ~~income~~are ~~(loss)~~calculated ~~and~~based ~~all~~on ~~changes to~~ the ~~statements~~local ofcurrencies ~~stockholders’~~using ~~equity,~~the ~~except~~average ~~those~~translation ~~due~~rates. toAs ~~investments~~a ~~by stockholders~~result, ~~changes~~amounts inrelated ~~paid-in~~to ~~capital~~assets and ~~distributions~~liabilities toreported ~~stockholders.~~on ~~Comprehensive income (loss) for~~ the ~~six~~consolidated ~~and~~statements ~~three~~of ~~months~~cash ~~ended~~flows ~~June~~will ~~30,~~not ~~2015~~necessarily ~~and~~agree ~~2014~~with ~~consisted~~changes ofin ~~net~~the ~~loss~~corresponding ~~and~~balances ~~foreign~~on ~~currency~~the ~~translation~~consolidated ~~adjustments~~balance sheets.

~~Basic and Diluted Earnings per Share (EPS)~~F-13

~~Basic~~Fair ~~EPS~~Value is(“FV”) ~~computed by dividing net income by the weighted average number~~ of ~~common~~Financial shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been Instruments

~~F-13~~Certain of the Company’s financial instruments, including cash and equivalents, accrued liabilities and accounts payable, carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 825, “Financial Instruments,” requires disclosure of the FV of financial instruments held by the Company. The carrying amounts reported in the balance sheets for current liabilities each qualify as financial instruments and are a reasonable estimate of their FV because of the short period of time between the origination of such instruments and their expected realization and the current market rate of interest.

~~outstanding~~Fair ifValue ~~all~~Measurements ~~the potential common shares, warrants~~ and stock options had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The Company did not have any dilutive shares at June 30, 2015.Disclosures

~~Segment~~ASC ~~Reporting~~Topic 820, “Fair Value Measurements and Disclosures,” defines FV, and establishes a three-level valuation hierarchy for disclosures of FV measurement that enhances disclosure requirements for FV measures. The three levels are defined as follow:

~~SFAS~~● ~~No.~~Level ~~131,~~1 ~~“Disclosures~~inputs ~~about~~to ~~Segments~~the ofvaluation anmethodology ~~Enterprise~~are ~~and~~quoted ~~Related~~prices ~~Information”~~(unadjusted) ~~requires~~for ~~use~~identical ofassets ~~the~~or ~~“management~~liabilities ~~approach”~~in ~~model~~active ~~for~~markets. ~~segment~~● ~~reporting,~~Level ~~codified~~2 ininputs ~~FASB~~to ~~ASC~~the ~~Topic~~valuation ~~280. The~~methodology ~~management~~include ~~approach~~quoted ~~model~~prices isfor ~~based~~similar onassets ~~the~~and ~~way~~liabilities ain ~~company’s~~active ~~management~~markets, ~~organizes~~and ~~segments~~inputs ~~within~~that ~~the~~are ~~company~~observable for ~~making~~the ~~operating~~asset ~~decisions~~or ~~and~~liability, ~~assessing~~either ~~performance. Reportable~~directly ~~segments~~or ~~are~~indirectly, ~~based~~for onsubstantially ~~products~~the ~~and~~full ~~services,~~term ~~geography,~~of ~~legal~~the ~~structure,~~financial ~~management~~instrument. ~~structure,~~● orLevel ~~any~~3 ~~other~~inputs ~~manner~~to inthe ~~which~~valuation ~~management~~methodology ~~disaggregates~~are aunobservable ~~company~~and significant to the FV measurement.

~~The~~As ~~Company~~of ~~has~~September ~~three~~30, ~~operating~~2015 ~~segments: 1) providing Internet platform services; 2) on-line~~ and ~~physical~~December ~~stores~~31, ~~to sell featured products labeled with UKT trademark~~2014, ~~and 3) providing advertising-supported website and magazine to publicize~~ the Company did ~~information~~not ~~and~~identify ~~news~~any ~~regarding~~assets ~~urban~~ and ~~rural~~liabilities ~~areas~~that such as agriculture polices and agriculture related videos to attract advertising source income. These operating segments were determined based on the nature of the products offered or services provided. Operating segments are ~~defined~~required ~~as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker in deciding how~~ to ~~allocate~~be ~~resources~~presented ~~and in assessing performance. The Company’s chief operating decision makers direct the allocation of resources to operating segments based~~ on the ~~profitability,~~balance ~~cash~~sheet ~~flows,~~at ~~and other measurement factors of each respective segment~~FV.

~~The~~Foreign ~~Company~~Currency ~~evaluates~~Translation performance based on several factors, of which the primary financial measure is business segment income before taxes. The following table shows the operations of the Company's reportable segments for six and ~~three~~Comprehensive ~~months~~Income ~~ended June 30, 2015 and 2014, and as of June 30, 2015 and December 31, 2014, respectively.~~(Loss)

~~F-14~~The functional currency of the Company is RMB. For financial reporting purposes, RMB is translated into USD as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet dates. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period.

	Six Months Ended June 30,
	2015			2014
Revenue:
Internet platform services	$	2,564,024		$	4,141,151
On-line and physical UKT stores		13,829			500,453
Advertising income from website and magazine		175,131			194,369
Consolidated	$	2,752,984		$	4,835,973
Operating income (loss):
Internet platform services	$	(674,379	)	$	(295,327	)
On-line and physical UKT stores		(187,667	)		1,859
Advertising income from website and magazine		(12,416	)		(161,713	)
WOFE and holding company		(744,898	)		-
Consolidated	$	(1,619,360	)	$	(455,179	)
Net income (loss):
Internet platform services	$	(926,770	)	$	230,839
On-line and physical UKT stores		(184,744	)		10,917
Advertising income from website and magazine		(32,391	)		(180,826	)
WOFE and holding company		(730,065	)		-
Consolidated	$	(1,873,970	)	$	60,930
Depreciation and amortization:
Internet platform services	$	86,452		$	82,475
On-line and physical UKT stores		11,415			2,183
Advertising income from website and magazine		695			1,833
Consolidated	$	98,562		$	86,491

Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income. There was no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date.

	Three Months Ended June 30,
	2015			2014
Revenue:
Internet platform services	$	1,226,518		$	2,972,149
On-line and physical UKT stores		126			432,820
Advertising income from website and magazine		87,412			100,535
Consolidated	$	1,314,056		$	3,505,504
Operating income (loss):
Internet platform services	$	(374,854	)	$	513,360
On-line and physical UKT stores		(94,747	)		15,109
Advertising income from website and magazine		(6,336	)		(73,123	)
WOFE and holding company		(371,482	)		-
Consolidated	$	(847,419	)	$	455,346
Net income (loss):
Internet platform services	$	(551,973	)	$	325,017
On-line and physical UKT stores		(94,084	)		24,030
Advertising income from website and magazine		(16,327	)		(82,912	)
WOFE and holding company		(356,478	)		-
Consolidated	$	(1,019,062	)	$	266,135
Depreciation and amortization:
Internet platform services	$	43,306		$	62,895
On-line and physical UKT stores		3,959			1,099
Advertising income from website and magazine		161			917
Consolidated	$	47,426		$	64,911

The Company follows FASB ASC Topic 220, “Comprehensive Income”. Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. Comprehensive income (loss) for the nine and three months ended September 30, 2015 and 2014 consisted of net loss and foreign currency translation adjustments.

F-1514

Total assets:	As of June 30, 2015		As of December 31, 2014
Internet platform services	$	11,340,936	$	13,210,486
On-line and physical UKT stores		58,073		103,881
Advertising income from website and magazine		451,236		569,223
WOFE and holding company		2,321,384		3,052,255
Intercompany elimination		(3,046,496)		(2,826,826)
Consolidated	$	11,125,133	$	14,109,019

Basic and Diluted Earnings per Share (EPS)

~~New~~Basic ~~Accounting~~EPS ~~Pronouncements~~is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares, warrants and stock options had been issued and if the additional common shares were dilutive. Diluted EPS are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The Company did not have any dilutive shares at September 30, 2015 and December 31, 2014.

InSegment February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis”, which provides guidance for reporting entities that are required to evaluate whether they should consolidate certain legal entities. In accordance with ASU 2015-02, all legal entities are subject to reevaluation under the revised consolidation model. ASU 2015-02 is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position and results of operations.Reporting

~~The~~SFAS ~~FASB issued ASU~~ No. ~~2014-12~~131, ~~Compensation~~“Disclosures -about ~~Stock~~Segments ~~Compensation (ASC Topic 718): Accounting for Share-Based Payments When the Terms~~ of an ~~Award~~Enterprise ~~Provide~~and ~~That~~Related aInformation” ~~Performance Target Could Be achieved after the Requisite Service Period. This ASU~~ requires ~~that~~use aof ~~performance target that affects vesting, and that could be achieved after~~ the ~~requisite~~“management ~~service~~approach” ~~period,~~model befor ~~treated~~segment ~~as a performance condition. As such~~reporting, ~~the~~codified ~~performance target should not be reflected~~ in ~~estimating~~FASB ~~the~~ASC ~~grant~~Topic ~~date FV of the award~~280. The ~~This~~management ~~update~~approach ~~further~~model ~~clarifies~~is ~~that~~based ~~compensation~~on ~~cost should be recognized in~~ the ~~period~~way ina ~~which~~company’s itmanagement ~~becomes~~organizes ~~probable~~segments ~~that~~within the ~~performance~~company ~~target~~for ~~will~~making beoperating ~~achieved~~decisions and ~~should~~assessing ~~represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered~~performance. Reportable ~~The~~segments ~~amendments in this ASU~~ are ~~effective~~based ~~for~~on ~~annual~~products ~~periods~~ and ~~interim~~services, ~~periods~~geography, ~~within~~legal ~~those~~structure, ~~annual~~management ~~periods beginning after December 15~~structure, ~~2015.~~or ~~Earlier~~any ~~adoption~~other ismanner ~~permitted.~~in ~~The~~which ~~adoption~~management ofdisaggregates ~~this standard is not expected to have~~ a ~~material impact on the Company’s consolidated financial position and results of operations~~company.

The ~~FASB~~Company ~~issued~~has ~~ASU~~three ~~No.~~operating ~~2014-09,~~segments: ~~Revenue~~1) ~~from~~providing ~~Contracts~~Internet ~~with~~platform ~~Customers.~~services; ~~This~~2) ~~ASU~~on-line ~~supersedes~~and ~~the~~physical ~~revenue~~stores ~~recognition~~to ~~requirements~~sell infeatured ~~Accounting~~products ~~Standards~~labeled ~~Codification~~with ~~605~~UKT -trademark, ~~Revenue Recognition~~ and ~~most~~3) ~~industry~~providing advertising-~~specific~~supported ~~guidance~~website ~~throughout~~and ~~the~~magazine ~~Codification.~~to ~~The~~publicize ~~standard~~the ~~requires~~information anand ~~entity~~news ~~recognize~~regarding ~~revenue~~urban toand ~~depict~~rural ~~the~~areas ~~transfer~~such ofas ~~promised~~agriculture ~~goods~~polices orand ~~services~~agriculture torelated ~~customers~~videos into anattract ~~amount~~advertising ~~that~~source ~~reflects~~income. ~~the~~These ~~consideration~~operating tosegments ~~which~~were ~~the~~determined ~~entity~~based ~~expects~~on tothe benature ~~entitled~~of ~~for~~the ~~those~~products ~~goods~~offered or services provided. Operating ~~This~~segments ~~ASU~~are isdefined ~~effective~~as oncomponents ~~January~~of 1,an ~~2017~~enterprise ~~and~~about ~~should~~which beseparate ~~applied~~financial ~~retrospectively~~information tois ~~each~~available ~~prior~~that ~~reporting~~is ~~period~~evaluated ~~presented~~regularly orby ~~retrospectively with~~ the ~~cumulative~~chief ~~effect~~operating ofdecision-maker ~~initially~~in ~~applying~~deciding ~~the~~how ~~ASU~~to ~~recognized~~allocate atresources ~~the~~and ~~date~~in ofassessing ~~initial application~~performance. The ~~adoption~~Company’s ofchief ~~this~~operating ~~standard~~decision ismakers ~~not~~direct ~~expected~~the toallocation ~~have~~of aresources ~~material~~to ~~impact~~operating segments based on the ~~Company’s~~profitability, ~~consolidated~~cash ~~financial~~flows, ~~position~~ and ~~results~~other measurement factors of ~~operations~~each respective segment.

InThe ~~August~~Company ~~2014,~~evaluates ~~the~~performance ~~FASB~~based ~~issued~~on ~~Presentation~~several factors, of ~~Financial~~which ~~Statements~~the —primary ~~Going~~financial ~~Concern.~~measure ~~This standard requires management to evaluate for each annual and interim reporting period whether it~~ is ~~probable~~business ~~that~~segment ~~the~~income ~~reporting~~before ~~entity~~taxes. ~~will~~The ~~not~~following betable ~~able~~shows ~~to meet its obligations as they become due within one year after~~ the ~~date~~operations ~~that~~of the ~~financial~~Company's ~~statements~~reportable ~~are~~segments ~~issued.~~for Ifnine ~~the~~and ~~entity~~three ismonths inended ~~such~~September ~~a position~~30, ~~the~~2015 ~~standard~~and ~~provides~~2014, ~~for~~and ~~certain~~as ~~disclosures~~of ~~depending~~September on30, ~~whether~~2015 orand ~~not~~December ~~the~~31, ~~entity~~2014, ~~will be able to successfully mitigate its going~~ respectively.

F-1615

concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on the disclosures related to its consolidated financial position and results of operations.

	Nine Months Ended September 30,
	2015			2014
Revenue:
Internet platform services	$	3,749,376		$	5,370,605
On-line and physical UKT stores		13,727			588,619
Advertising income from website and magazine		260,500			285,800
Consolidated	$	4,023,603		$	6,245,024
Operating income (loss):
Internet platform services	$	(454,239	)	$	(865,049	)
On-line and physical UKT stores		(252,447	)		(115,623)
Advertising income from website and magazine		(27,161	)		(239,295	)
WOFE and holding company		(845,689	)		-
Consolidated	$	(1,579,536	)	$	(1,219,967	)
Net income (loss):
Internet platform services	$	(935,979	)	$	(198,057)
On-line and physical UKT stores		(249,592	)		(113,476)
Advertising income from website and magazine		(57,518	)		(268,149	)
WOFE and holding company		(830,987	)		-
Consolidated	$	(2,074,076	)	$	(579,682)
Depreciation and amortization:
Internet platform services	$	125,226		$	126,682
On-line and physical UKT stores		15,112			2,737
Advertising income from website and magazine		743			4,998
Consolidated	$	141,081		$	134,417

As of June 30, 2015, there is no recently issued accounting standards not yet adopted that would have a material effect on the Company’s consolidated financial statements.

	Three Months Ended September 30,
	2015			2014
Revenue:
Internet platform services	$	1,185,250		$	1,229,454
On-line and physical UKT stores		--			88,166
Advertising income from website and magazine		85,369			91,431
Consolidated	$	1,270,619		$	1,409,051
Operating income (loss):
Internet platform services	$	220,140		$	(569,722)
On-line and physical UKT stores		(64,780	)		(117,482)
Advertising income from website and magazine		(14,745	)		(77,584	)
WOFE and holding company		(100,791	)		-
Consolidated	$	39,824		$	(764,788)
Net income (loss):
Internet platform services	$	(9,209	)	$	(428,896)
On-line and physical UKT stores		(64,848	)		(124,393)
Advertising income from website and magazine		(25,127	)		(87,323	)
WOFE and holding company		(100,922	)		-
Consolidated	$	(200,106	)	$	(640,612)
Depreciation and amortization:
Internet platform services	$	38,774		$	44,207
On-line and physical UKT stores		3,697			554
Advertising income from website and magazine		48			3,165
Consolidated	$	42,519		$	47,926

~~3. OTHER RECEIVABLES AND DEPOSITS~~F-16

Other receivables and deposits consisted of the following at June 30, 2015 and December 31, 2014, respectively:

Total assets:	As of September 30, 2015			As of December 31, 2014
Internet platform services	$	10,093,010		$	13,210,486
On-line and physical UKT stores		37,613			103,881
Advertising income from website and magazine		375,961			569,223
WOFE and holding company		2,208,062			3,052,255
Intercompany elimination		(3,144,528	)		(2,826,826	)
Consolidated	$	9,570,118		$	14,109,019

	2015		2014
Advance to third party companies	$	386	$	373
Other receivables		684,250		1,141,852
Advance to employees		80,182		73,914
Deposit for purchases and rents		138,972		138,858
Other		67,959		83,420
Allowance for Other receivables		(55,061)		-
Other receivables (net), prepayments and deposits	$	916,688	$	1,438,417

New Accounting Pronouncements

~~Other~~In ~~receivables~~August ~~represent~~2014, ~~payments~~the toFASB ~~salesmen~~issued toPresentation ~~perform~~of ~~new~~Financial ~~product~~Statements ~~Huishang~~— ~~E-station~~Going ~~related~~Concern. ~~marketing~~This ~~activities.~~standard ~~The~~requires ~~Company~~management ~~spent~~to ~~$0.45~~evaluate ~~million~~for ~~from~~each annual and interim reporting period whether it is probable that the ~~amounts~~reporting ~~advanced~~entity ~~for~~will ~~Huishang~~not ~~E-station~~be ~~related~~able ~~marketing~~to ~~activities~~meet ~~during~~its obligations as they become due within one year after the ~~six~~date ~~months~~that ~~ended~~the ~~June~~financial ~~30,~~statements ~~2015~~are issued. ~~Huishang~~ EIf ~~station~~the entity is in such a ~~convenience~~position, ~~service~~the ~~station~~standard toprovides ~~provide~~for ~~service~~certain disclosures depending on whether or not the entity will be able to ~~local~~successfully ~~residents~~mitigate its going concern status. This guidance is effective for ~~their~~annual ~~daily~~periods ~~life~~ending ~~needs~~after December 15, ~~such~~2016 asand ~~making~~interim ~~utility~~periods ~~bill~~within ~~payments,~~annual ~~buying~~periods ~~tickets~~beginning after December 15, ~~asking~~2016. ~~for~~Early anapplication ~~urgent~~is ~~repair~~permitted. ~~for~~The ~~home~~Company ~~appliances~~does ~~and~~not ~~seeking~~anticipate ~~the~~that ~~housekeeping~~this ~~services~~adoption will have a significant impact on its CFS.

4The Financial Accounting Standards Board ("FASB") has issued Accounting Standards Update ("ASU") No. ~~INVENTORY~~2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605 - Revenue Recognition and most industry-specific guidance throughout the Codification. The standard requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective on January 1, 2017 and should be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period. The Company is in the process of evaluating the impact of adoption of this guidance on the CFS.

~~Inventory~~The ~~consisted~~FASB has issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the ~~following~~Requisite atService ~~June~~Period. 30This ASU requires that a performance target that affects vesting, ~~2015~~and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 3115, 2015. Earlier adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's CFS. ~~2014:~~

	2015			2014
Finished goods	$	603,833		$	724,576
Less: Inventory impairment allowance		(16,154	)		(16,140	)
Total	$	587,679		$	708,436

F-17

5In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis”, which provides guidance for reporting entities that are required to evaluate whether they should consolidate certain legal entities. ~~TAXES~~In ~~RECEIVABLE~~accordance ~~AND~~with ~~PAYABLES~~ASU 2015-02, all legal entities are subject to reevaluation under the revised consolidation model. ASU 2015-02 is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its CFS.

~~Taxes~~In ~~receivable~~July ~~consisted~~2015, ofthe FASB issued ASU 2015-11, Inventory, which requires an entity to measure inventory within the ~~following~~scope at ~~June~~the 30lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, ~~2015~~less reasonably predictable costs of completion, disposal, and transportation. The effective date for the standard is for fiscal years beginning after December 3115, ~~2014:~~ 2016. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its CFS.

	2015		2014
Income	$	104,860	$	104,023
Value-added		52,407		99,086
Taxes receivable	$	157,267	$	203,109

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. To simplify the accounting for adjustments made to provisional amounts recognized in a business combination, the amendments eliminate the requirement to retrospectively account for those adjustments. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments in this update are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company does not anticipate that this adoption will have a significant impact on its CFS.

~~F-17~~3. OTHER RECEIVABLES AND DEPOSITS

~~Taxes~~Other ~~payable~~receivables and deposits consisted of the following at ~~June~~September 30, 2015 and December 31, 2014, respectively:

	2015		2014
Value-added	$	-	$	82
Advance to third party companies	$	2,982	$	373
Other		979		943
Other receivables		491,602		1,141,852
Taxes payable	$	979	$	1,025
Advance to employees		92,839		73,914
Deposit for purchases and rents		89,884		138,858
Other		-		83,420
Total	$	677,307	$	1,438,417

6Other receivables are payments to salesmen to perform new product Huishang E-station related marketing activities. ~~PROPERTY~~The ~~AND~~Company ~~EQUIPMENT~~spent $0.64 million and $0.19 million from the amounts advanced for Huishang E-station related marketing activities during the nine and three months ended September 30, ~~NET~~2015, respectively. Huishang E station is a convenience service station to provide service to local residents for their daily life needs, such as making utility bill payments, buying tickets, asking for an urgent repair for home appliances and seeking the housekeeping services.

~~Property and equipment consisted of the following at June 30, 2015 and December 31, 2014:~~F-18

	2015			2014
Office equipment	$	311,043		$	309,674
Furniture		4,744			4,739
Electronic equipment		6,839			6,833
Total		322,626			321,246
Less: Accumulated depreciation		(172,034	)		(123,459	)
Net	$	150,592		$	197,787

4. INVENTORY

~~Depreciation~~Inventory ~~for~~consisted of the ~~six~~following ~~months~~at ~~ended~~September ~~June 2015 and 2014 was $48~~30,~~345~~ ~~and $42,897, respectively. Depreciation for the three months ended June~~ 2015 and December ~~2014 was $24~~31,~~037 and $25,278, respectively.~~ 2014:

7. ADVANCES TO RELATED PARTIES

	2015			2014
Finished goods	$	613,565		$	724,576
Less: Inventory impairment allowance		(15,525	)		(16,140	)
Total	$	598,040		$	708,436

~~Advances~~5. toTAXES ~~related~~RECEIVABLE ~~parties~~AND ~~consisted of the following at June 30, 2015 and December 31, 2014:~~PAYABLES

		2015		2014
HuaxiaDecheng	$	353,474	$	204,282
Shareholders		12,423		58,835
Total	$	365,897	$	263,117

Taxes receivable consisted of the following at September 30, 2015 and December 31, 2014:


	2015		2014
Income	$	100,777	$	104,023
Value-added		49,503		99,086
Taxes receivable	$	150,280	$	203,109

8.Taxes ~~INTANGIBLE~~payable ~~ASSETS~~consisted of the following at September 30, 2015 and December 31, 2014:

Intangible assets consisted of the following at June 30, 2015 and December 31, 2014:


	2015		2014
Value-added	$	-	$	82
Other		1,458		943
Taxes payable	$	1,458	$	1,025

	2015			2014
Information platform	$	179,902		$	179,743
Website		8,760			8,752
Software systems		135,769			135,649
E business station development		31,761			28,207
Total		356,192			352,351
Less: Accumulated amortization		(137,402	)		(86,983	)
Net	$	218,790		$	265,368

6. PROPERTY AND EQUIPMENT, NET

~~F-18~~Property and equipment consisted of the following at September 30, 2015 and December 31, 2014:

Amortization of intangible assets for the six months ended June 30, 2015 and 2014 was $50,217 and $43,594 respectively. Amortization of intangible assets for the three months ended June 30, 2015 and 2014 was $23,389 and $39,633, respectively. Annual amortization for the next five years from July 1, 2015, is expected to be: $93,637; $71,716; $18,889; $10,124 and $10,124.


	2015			2014
Office equipment	$	297,182		$	309,674
Furniture		-			4,739
Electronic equipment		-			6,833
Total		297,182			321,246
Less: Accumulated depreciation		(173,536	)		(123,459	)
Net	$	123,646		$	197,787

9Depreciation for the nine months ended September 2015 and 2014 was $67,850 and $67,990, respectively. Depreciation ~~DEFERRED~~for ~~TAX~~the ~~ASSETS~~three ~~(LIABILITIES)~~months ended September 2015 and 2014 was $19,500 and $25,100, respectively.

~~As of June 30, 2015 and December 31, 2014, deferred tax asset (liability) consisted of the following:~~F-19

	2015			2014
Deferred tax asset - current
Accrued expense	$	178,710		$	144,371
Sales return allowance		24,378			24,357
Amortization of deferred revenue		750,625			749,962
Less: valuation allowance		(203,088	)		(168,728	)
Deferred tax asset – current, net		750,625			749,962
Deferred tax liability - current
Amortization of platform and website		(9,251)			(7,213	)
Accrued commission		(18,727	)		(18,710	)
Deferred tax liabilities – current		(27,978	)		(25,923	)
Deferred tax asset, net of deferred tax liabilities - current	$	722,647		$	724,039
Deferred tax asset - noncurrent
Amortization of platform and website	$	225,767		$	246,430
Amortization of deferred revenue		1,477,554			1,851,231
NOL		262,877			196,302
Less: valuation allowance		(488,644	)		(442,732	)
Deferred tax asset – noncurrent, net	$	1,477,554		$	1,851,231

7. ADVANCES TO RELATED PARTIES, NET

~~10.~~Advances ~~ACCRUED~~to ~~LIABILITIES~~related ~~AND~~parties ~~OTHER~~(net) ~~PAYABLES~~consisted of the following at September 30, 2015 and December 31, 2014:

Accrued liabilities and other payables consisted of the following at June 30, 2015 and December 31, 2014:


	2015			2014
Advance to HuaxiaDecheng	$	408,722		$	204,282
Advance (from) to Shareholders		(207,092	)		58,835
Advance from related parties, net	$	201,630		$	263,117

	2015		2014
Deposits	$	287,594	$	254,214
Employee social insurance and salary payable		952,430		709,321
Accrued sales return		7,857		114,121
Advance from employees		133,538		126,148
Other payables - current		113,012		97,909
Total	$	1,494,431	$	1,301,713

HuaxiaDecheng (Beijing) investment funds Co., Ltd (HuaxiaDecheng) is owned by two major shareholders of the Company. The advances to HuaxiaDecheng and shareholders were payable upon demand, and bore no interest. Advance from shareholders was for the Company’s working capital needs, payable upon demand, and bore no interest.

~~F-19~~8. INTANGIBLE ASSETS

~~Other~~Intangible ~~Payable~~assets –consisted ~~Noncurrent~~of the following at September 30, 2015 and December 31, 2014:

As of December 31, 2014, the Company had noncurrent other payable of $1.00 million, which was the proceeds from three investors from the subscription agreement entered on March 2, 2015. On March 2, 2015, Yinhang US entered a subscription agreement with three investors, pursuant to which the investors for $1 million purchased such portion of the equity of Yinhang US as would, upon completion of a “reverse merger”, equal 25% of the outstanding shares of the public company. The Company issued 200,000,000 shares to the investors on May 13, 2015. These shares were part of the 758,116,667 shares issued in connection with the Share Exchange Agreement described in Note 1.


	2015			2014
Information platform	$	172,897		$	179,743
Website		8,419			8,752
Software systems		130,482			135,649
E business station development		30,524			28,207
Total		342,322			352,351
Less: Accumulated amortization		(154,743	)		(86,983	)
Net	$	187,579		$	265,368

11Amortization of intangible assets for the nine months ended September 30, 2015 and 2014 was $73,230 and $66,420, respectively. ~~INCOME~~Amortization ~~TAXES~~of intangible assets for the three months ended September 30, 2015 and 2014 was $23,010 and $22,820, respectively. Annual amortization for the next five years from October 1, 2015, is expected to be: $100,150; $76,550; $10,580; $9,730 and $9,730.

The Company’s operating entities are governed by the Income Tax Laws of the PRC and various local tax laws. Effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises (including foreignF-~~invested enterprises). The Company’s US parent company Bison and holding company Yinhang US are incorporated in US with no business or operations.~~20

~~The~~9. ~~following~~DEFERRED ~~table~~TAX ~~reconciles~~ASSETS ~~the US statutory rates to the Company’s effective tax rate for six months ended June 30, 2015 and 2014:~~(LIABILITIES)

	2015			2014
US statutory rates (benefit)		(34.0)	%		(34.0)	%
Tax rate difference		9.3	%		9.0	%
Permanent difference		0.1	%		8.7	%
Change in valuation allowance for deferred tax		-	%		(108.6)	%
Utilization of NOL		-	%		-	%
Valuation allowance of NOL		49.7	%		11.6	%
Other		-	%		(0.3	)%
Tax expense (benefit) per financial statements		25.1	%		(113.6)	%

As of September 30, 2015 and December 31, 2014, deferred tax asset (liability) consisted of the following:

The following table reconciles the US statutory rates to the Company’s effective tax rate for three months ended June 30, 2015 and 2014:


	2015			2014
Deferred tax asset - current
Accrued expense	$	171,751		$	144,371
Sales return allowance		23,429			24,357
Amortization of deferred revenue		721,397			749,962
Less: valuation allowance		(195,180	)		(168,728	)
Deferred tax asset – current, net		721,397			749,962

Deferred tax liability - current
Amortization of platform and website		(8,535)			(7,213	)
Accrued commission		(17,997	)		(18,710	)
Deferred tax liabilities – current		(26,532	)		(25,923	)

Deferred tax asset, net of deferred tax liabilities - current	$	694,865		$	724,039

Deferred tax asset - noncurrent
Amortization of platform and website	$	206,943		$	246,430
Amortization of deferred revenue		1,239,671			1,851,231
Net operating loss		1,256,488			196,302
Less: valuation allowance		(1,463,431	)		(442,732	)
Total	$	1,239,671		$	1,851,231

	2015			2014
US statutory rates (benefit)		(34.0)	%		34.0	%
Tax rate difference		9.5	%		(9.0	)%
Permanent difference		-	%		4.1	%
Change in valuation allowance for deferred tax		-	%		2.9	%
Utilization of NOL		-	%		-	%
Valuation allowance of NOL		46.7	%		3.6	%
Other		0.2	%		6.2	%
Tax expense (benefit) per financial statements		22.4	%		41.8	%

10. ACCRUED LIABILITIES AND OTHER PAYABLES

~~The~~Accrued ~~provision~~liabilities ~~for~~and ~~income~~other ~~taxes~~payables ~~expense~~consisted ~~(benefit)~~of ~~for~~ the ~~six~~following ~~months~~at ~~ended~~September ~~June~~ 30, 2015 and December 31, 2014 ~~consisted of the following~~:

F-20


	2015		2014
Deposits	$	274,824	$	254,214
Employee social insurance and salary payable		814,922		709,321
Accrued sales return		2,514		114,121
Advance from employees		124,549		126,148
Other payables - current		113,388		97,909
Total	$	1,330,197	$	1,301,713

	2015			2014
Income tax expense (benefit) – current	$	(742	)	$	312,576
Income tax expense (benefit) - deferred		376,409			(821,042)
Total income tax expense (benefit)	$	375,667		$	(508,466)

F-21

~~The~~Other ~~provision~~Payable ~~for~~– ~~income taxes expense (benefit) for the three months ended June 30, 2015 and 2014 consisted of the following:~~Noncurrent

	2015			2014
Income tax expense (benefit) – current	$	(742	)	$	32,327
Income tax expense (benefit) - deferred		187,105			159,206
Total income tax expense (benefit)	$	186,363		$	191,533

As of December 31, 2014, the Company had noncurrent other payables of $1.00 million, which was the proceeds from three investors from the subscription agreement entered on March 2, 2015. On March 2, 2015, Yinhang US entered a subscription agreement with three investors, pursuant to which the investors for $1 million purchased such portion of the equity of Yinhang US as would, upon completion of a “reverse merger”, equal 25% of the outstanding shares of the public company. The Company issued 200,000,000 shares (pre reverse-split) to the investors on May 13, 2015. These shares were part of the 758,116,667 shares (pre reverse-split) issued in connection with the Share Exchange Agreement described in Note 1.

1211. ~~MAJOR~~INCOME ~~CUSTOMERS AND VENDORS~~TAXES

~~There~~The ~~were~~Company’s nooperating ~~customers~~entities ~~that~~are ~~accounted~~governed ~~for~~by ~~over~~the ~~10%~~Income Tax Laws of the PRC and various local tax laws. Effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises (including foreign-invested enterprises). The Company’s ~~total~~US ~~sales~~parent ~~for~~company ~~the~~Yinhang ~~six~~and orholding ~~three~~company ~~months~~Yinhang ~~ended~~US ~~June~~are ~~30,~~incorporated ~~2015~~in ~~and~~US ~~2014,~~with ~~respectively.~~no business or operations.

~~There~~The ~~was~~following ~~one~~table ~~vendor~~reconciles ~~that~~the ~~accounted~~US ~~for~~statutory ~~over~~rates ~~10%~~to of the Company’s ~~total~~effective ~~purchases~~tax rate for the ~~six~~nine months ended ~~June~~September 30, 2015, and ~~three vendors that accounted for over 10% of the Company’s total purchases for the six months ended June 30,~~ 2014. :

Below is the table indicating the major vendors, which accounted for over 10% of the Company’s total purchases for the six months ended June 30, 2015 and 2014:


	2015			2014
US statutory rates (benefit)		(34.0	)%		(34.0	)%
Tax rate difference		9.3	%		9.0	%
Permanent difference		0.7	%		3.2	%
Change in valuation allowance for deferred tax		-	%		(39.9	)%
Utilization of NOL		-	%		-	%
Valuation allowance of NOL		60.8	%		9.7	%
Other		-	%		(0.5	)%
Tax expense (benefit) per financial statements		36.8	%		(52.5	)%

Suppliers	2015	2014
Supplier A	97%	50%
Supplier B	-%	18%
Supplier C	-%	12%

The following table reconciles the US statutory rates to the Company’s effective tax rate for the three months ended September 30, 2015 and 2014:

There was no vendor that accounted for over 10% of the Company’s total purchases for the three months ended June 30, 2015, and three vendors that accounted for over 10% of the Company’s total purchases for the three months ended June 30, 2014.


	2015			2014
US statutory rates (benefit)		(34.0	)%		(34.0	)%
Tax rate difference		9.0	%		9.0	%
Permanent difference		52.4	%		-	%
Change in valuation allowance for deferred tax		-	%		-	%
Utilization of NOL		-	%		-	%
Valuation allowance of NOL		1,023.6	%		8.5	%
Other		-	%		(0.6	)%
Tax expense (benefit) per financial statements		1051.0	%		(17.1	)%

~~Below is the table indicating the major vendors, which accounted for over 10% of the Company’s total purchases for the three months ended June 30, 2015 and 2014:~~F-22

Suppliers	2015	2014
Supplier A	-%	61%
Supplier B	-%	22%
Supplier C	-%	10%

The provision for income taxes expense (benefit) for the nine months ended September 30, 2015 and 2014 consisted of the following:

At June 30, 2015 and December 31, 2014, total payables to these vendors were $0.


	2015			2014
Income tax expense (benefit) – current	$	(736	)	$	3,667
Income tax expense (benefit) - deferred		559,124			(643,858)
Total income tax expense (benefit)	$	558,388		$	(640,191)

~~F-21~~The provision for income taxes expense (benefit) for the three months ended September 30, 2015 and 2014 consisted of the following:

13. STATUTORY RESERVES


	2015		2014
Income tax expense (benefit) – current	$	6	$	(308,908)
Income tax expense (benefit) - deferred		182,715		177,183
Total income tax expense (benefit)	$	182,721	$	131,725

Pursuant to the PRC corporate law effective January 1, 2006, the Company is now only required to maintain one statutory reserve by appropriating from its after-tax profit before declaration or payment of dividends12. ~~The~~MAJOR ~~statutory~~CUSTOMERS ~~reserve~~AND ~~represents restricted retained earnings.~~VENDORS

~~Surplus~~There ~~reserve~~were ~~fund~~no customers that accounted for over 10% of the Company’s total sales for the nine or three months ended September 30, 2015 and 2014, respectively.

~~The~~There ~~Company~~was isone ~~now~~vendor ~~required~~that toaccounted ~~transfer~~for over 10% of ~~its~~the ~~net~~Company’s ~~income,~~total aspurchases ~~determined~~for ~~under~~the ~~PRC~~nine ~~accounting~~months ~~rules~~ended ~~and~~September ~~regulations~~30, to2015, aand ~~statutory~~three ~~surplus~~vendors ~~reserve~~that ~~fund~~accounted ~~until~~for ~~such~~over ~~reserve balance reaches 50~~10% of the Company’s ~~registered~~total ~~capital~~purchases for the nine months ended September 30, 2014.

~~The~~Below ~~surplus reserve fund~~ is ~~non-distributable~~the ~~other~~table ~~than~~indicating ~~during~~the ~~liquidation~~major ~~and can be used to fund previous years’ losses~~vendors, ifwhich ~~any,~~accounted ~~and may be utilized~~ for ~~business~~over ~~expansion~~10% ~~or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value~~ of the ~~shares~~Company’s ~~currently~~total ~~held~~purchases byfor ~~them, provided that~~ the ~~remaining~~nine ~~reserve~~months ~~balance~~ended ~~after~~September ~~such~~30, ~~issue~~2015 isand ~~not less than 25% of the registered capital.~~2014:

Common welfare fund


Suppliers	2015	2014
Supplier A	97%	50%
Supplier B	-%	18%
Supplier C	-%	12%

~~Common~~There ~~welfare~~was ~~fund~~no isvendor ~~a voluntary fund~~ that ~~the~~accounted ~~Company~~for ~~can~~over ~~elect to transfer 5% to~~ 10% of ~~its~~the ~~net income, as determined under PRC accounting rules and regulations, to this fund. The~~ Company’s ~~did~~total ~~not~~purchases ~~make~~for ~~any contribution to this fund during~~ the ~~six and~~ three months ended ~~June~~September 30, 2015 ~~and~~or 2014.

This fund can only be utilized on capital items for the collective benefit of the Company’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is nonF-~~distributable other than upon liquidation.~~23

1413. STATUTORY ~~CONTINGENCIES AND COMMITMENTS~~RESERVES

~~Lease~~Pursuant ~~Commitment~~to the PRC corporate law effective January 1, 2006, the Company is now only required to maintain one statutory reserve by appropriating from its after-tax profit before declaration or payment of dividends. The statutory reserve represents restricted retained earnings.

InSurplus ~~March~~reserve ~~2014, the Company entered into a lease for office space which expires April 19, 2016. Minimum future lease payments at June 30, 2015 are as follows:~~fund

2016	$	320,200
Total		320,200

The Company is now required to transfer 10% of its net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital.

~~Total~~The ~~rental~~surplus ~~expenses~~reserve ~~for~~fund ~~the~~is ~~Company~~non-distributable ~~were~~other ~~$168~~than during liquidation and can be used to fund previous years’ losses,~~937and~~ ~~$169~~if any,~~235~~ and may be utilized for ~~the~~business ~~six~~expansion ~~months~~or ~~ended~~converted ~~June~~into ~~30,~~share ~~2015~~capital ~~and~~by ~~2014,~~issuing ~~respectively. Total~~new ~~rental~~shares ~~expenses~~to ~~for~~existing shareholders in proportion to their shareholding or by increasing the ~~Company~~par ~~were~~value ~~$86,674~~of ~~and~~the ~~$137~~shares currently held by them,~~155~~ ~~for~~provided that the ~~three~~remaining ~~months~~reserve ~~ended~~balance ~~June~~after ~~30,~~such ~~2015~~issue ~~and~~is ~~2014,~~not ~~respectively~~less than 25% of the registered capital.

~~Employment~~Common ~~Agreements~~welfare fund

~~HSJ,~~Common ~~UKT~~welfare ~~and~~fund ~~Qianxian~~is ~~Media,~~a ~~were~~voluntary ~~private~~fund ~~Limited~~that ~~Companies~~the ~~organized~~Company ~~under~~can ~~the~~elect ~~laws~~to oftransfer ~~the~~5% ~~PRC,~~to ~~and~~10% inof ~~accordance~~its ~~with~~net ~~PRC regulations~~income, ~~the~~as ~~salary~~determined ofunder ~~their~~PRC ~~executives~~accounting ~~was~~rules ~~determined~~and byregulations, ~~its~~to ~~shareholders~~this fund. InThe Company did ~~addition,~~not ~~each~~make ~~employee~~any iscontribution ~~required~~ to ~~enter~~this ~~into~~fund anduring ~~employment agreement. Accordingly, all~~ the ~~employees,~~nine ~~including~~and ~~management,~~three ~~have~~months ~~executed~~ended anSeptember ~~employment~~30, ~~agreement~~2015 ~~with~~and ~~its~~ 2014.

FThis fund can only be utilized on capital items for the collective benefit of the Company’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is non-22distributable other than upon liquidation.

~~employer operating affiliate~~14. ~~Yong~~ ~~Xu’s~~CONTINGENCIES ~~employment~~AND agreement with Qianxian Media, pursuant to which he serves as Chairman, provides for an annual salary of RMB 204,000 ($33,000), and terminates on September 2, 2015. Ms. Zhou’s employment agreement with Qianxian Media, pursuant to which she serves as Chief Executive Officer, provides for an annual salary of RMB 204,000 ($33,000), and terminates on September 2, 2015. Changqing Liu’s employment agreement with Qianxian Media, pursuant to which he serves as Chief Financial Officer, provides for an annual salary of RMB 180,000 ($29,000), and terminates on June 13, 2016. COMMITMENTS

~~15.~~Lease ~~OPERATING RISKS~~Commitment

~~The~~In ~~Company’s~~March ~~operations~~2014, in the Company entered ~~PRC~~into ~~are~~a ~~subject~~lease tofor ~~specific~~office ~~considerations~~space ~~and~~which ~~significant~~expires ~~risks~~April ~~not~~19, ~~typically~~2016. However, ~~associated~~the ~~with~~lease ~~companies~~was terminated inearly ~~North America~~ and ~~Western~~the ~~Europe.~~deposit ~~These~~of ~~include~~$52,900 ~~risks~~was ~~associated~~forfeited. On ~~with~~July 20, ~~among others~~2015, the ~~political,~~Company ~~economic~~entered ~~and~~into ~~legal~~another ~~environments~~lease ~~and~~agreement ~~foreign~~for ~~currency~~office ~~exchange.~~space ~~The~~with ~~Company’s~~monthly ~~results~~rents ~~may~~of beRMB ~~adversely~~31,255 ~~affected~~($4,910), bypayable ~~changes~~every inthree ~~governmental~~months. ~~policies~~The ~~with~~lease ~~respect~~term tois ~~laws~~from ~~and~~August ~~regulations~~1, ~~anti-inflationary~~2015 ~~measures,~~through ~~currency~~July ~~conversion and remittance abroad~~31, ~~and~~2016. Minimum ~~rates~~future ~~and~~lease ~~methods~~payments ofat ~~taxation~~September 30, ~~among~~2015 ~~other~~are ~~things.~~as follows:

The Company’s sales, purchases and expenses are denominated in RMB and all of the Company’s assets and liabilities are also denominated in RMB. The RMB is not freely convertible into foreign currencies under the current law. In China, foreign exchange transactions are required by law to be transacted only by authorized financial institutions. Remittances in currencies other than RMB may require certain supporting documentation in order to effect the remittance.


2016	$	49,100

Total	$	49,100

~~F-23~~Total rental expenses for the Company were $226,597 (including forfeited deposit) and $252,639 for the nine months ended September 30, 2015 and 2014, respectively. Total rental expenses for the Company were $57,660 and $83,404 for the three months ended September 30, 2015 and 2014, respectively.

~~Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.~~F-24

~~Overview~~Employment Agreements

OnHSJ, ~~May~~UKT ~~13,~~and ~~2015~~Qianxian Media, wewere ~~entered~~private ~~into~~Limited ~~and~~Companies ~~closed~~organized aunder ~~share~~the ~~exchange~~laws ~~agreement~~of the PRC, orand ~~the~~in ~~Share~~accordance ~~Exchange~~with ~~Agreement~~PRC regulations, ~~with~~the ~~Yinhang~~salary ~~Internet~~of ~~Technologies~~their ~~Development,~~executives ~~Inc~~was determined by its shareholders. In addition, aeach ~~Nevada~~employee ~~corporation~~is ~~(“Yinhang”)~~required ~~and~~to ~~the~~enter ~~stockholders~~into ofan ~~Yinhang~~employment (agreement. Accordingly, all the ~~“Yinhang~~employees, ~~Stockholders”)~~including management, ~~pursuant~~have toexecuted ~~which~~an weemployment ~~acquired~~agreement ~~100%~~with ofits ~~the~~employer ~~issued~~operating ~~and~~affiliate. Yong ~~outstanding~~Xu’s ~~capital~~employment ~~stock~~agreement ofwith ~~Yinhang~~Qianxian inMedia, ~~exchange~~pursuant ~~for~~to awhich ~~total~~he ofserves ~~758~~as Chairman,~~116,667~~ ~~shares~~provides offor ~~our~~an ~~common~~annual ~~stock~~salary of RMB 204,000 (~~the~~$33,000), ~~“Share~~and ~~Exchange”~~terminates oron ~~the~~September ~~“Yinhang~~2, ~~Acquisition”)~~2018. ~~After~~ ~~giving~~Ms. ~~effect~~Zhou’s toemployment ~~the~~agreement ~~Share~~with ~~Exchange~~Qianxian Media, wepursuant ~~had~~to ~~outstanding~~which ~~800,000,000~~she ~~shares~~serves ofas ~~common~~Chief ~~stock~~Executive Officer, ~~representing~~provides ~~all~~for ofan ~~our~~annual ~~authorized~~salary ~~shares~~ of ~~common~~RMB ~~stock. The~~204,000 ~~758~~($33,~~116~~000),~~667~~ ~~shares~~and ~~includes~~terminates ~~200~~on September 2,~~000,000~~ ~~shares~~2018. Changqing ~~issued~~Liu’s toemployment ~~the~~agreement ~~three~~with ~~investors~~Qianxian Media, pursuant to awhich ~~subscription~~he ~~agreement~~serves as ~~discussed~~Chief inFinancial ~~Note~~Officer, 10provides tofor ~~the~~an ~~financial~~annual ~~statements~~salary of RMB 180,000 ($29,000), and terminates on June 13, 2016.

As15. aOPERATING result of the Share Exchange, Yinhang became our wholly-owned subsidiary, and we now own all of the outstanding capital stock of Yinhang HK, which in turn owns all of the outstanding capital stock of Huashang, a Chinese limited company. RISKS

~~Yinhang~~The Company’s HKoperations ~~was established~~ in ~~Hong~~the ~~Kong~~PRC onare ~~June~~subject 4,to ~~2014~~specific toconsiderations ~~serve~~and assignificant anrisks ~~intermediate~~not ~~holding~~typically ~~company. Huashang~~associated ~~was~~with ~~established~~companies in ~~the~~North ~~PRC~~America onand ~~August~~Western 8,Europe. ~~2014,~~These ~~and~~include onrisks ~~August~~associated 5with, ~~2014~~among others, the ~~local~~political, ~~government~~economic ofand ~~the~~legal ~~PRC~~environments ~~issued~~and aforeign ~~certificate~~currency ofexchange. ~~approval~~The Company’s results ~~regarding~~may ~~the~~be ~~foreign~~adversely ~~ownership~~affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of ~~Huashang~~taxation, byamong ~~Yinhang~~other HKthings.

~~Prior~~The Company’s sales, topurchases ~~February~~and 5,expenses ~~2015,~~are ~~none~~denominated ofin ~~Yinhang,~~RMB ~~Yinhang~~and HKall orof ~~Huashang, Yinhang~~the Company’s assets ~~indirect~~and ~~wholly-owned~~liabilities ~~subsidiary~~are ~~and~~also adenominated ~~wholly-foreign~~in ~~owned~~RMB. ~~enterprise~~The RMB is not freely convertible into foreign currencies under ~~PRC~~the current law. In China, ~~had~~ ~~any~~foreign ~~operations~~exchange transactions are required by law to be transacted only by authorized financial institutions. Remittances in currencies other than RMB may require certain supporting documentation in order to effect the remittance.

On February 5, 2015, Huashang entered into the VIE Agreements with each of Beijing Huashangjie Electronic Business Service Co., Ltd. (“Huashangjie” or “HSJ”), Beijing UKT Investment Management Co., Ltd. (“UKT”), and Beijing Qianxian Media Advertising Co., Ltd. (“Qianxian Media”), and their respective shareholders, pursuant to which Huashang effectively controls the operations of Huashangjie, UKT and Qianxian Media and is entitled to receive the preF-~~tax profits of each of Huashangjie, UKT and Qianxian Media.~~25

~~Huashangjie operates an Internet information service which provides a classified information platform to end user merchants who advertise their products or services on its website. Huashangjie~~Management’s ~~platform~~Discussion ~~provides merchants with an affordable~~ and ~~effective~~Analysis ~~marketing~~of ~~channel~~Financial toCondition ~~reach a broad~~ and ~~targeted~~Results ~~local consumer base. Through “3ghuashang.com” and “HS.cn” website and mobile applications, the platform contains a vast amount~~ of credible and up-to-date local information in approximately 34 provinces, including about 8,000 counties, across diverse content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local servicesOperations. ~~Huashangjie was incorporated on December 22, 2009 in Beijing, China.~~

UKT operates a virtual on-line web mall (www.hs.cn/ukt), which enables merchants and manufacturers to sell their products to on-line customers through an on-line store, and provides hardware and software assistance to these merchants. UKT’s online store features green, organic merchandise and through direct cooperation with the manufacturers many featured products sold in the UKT mall carry trademarks of UKT. These products also are sold under UKT marks in “UKT” retail stores operated by local merchants. UKT charges the local store operator a trademark usage fee. UKT was incorporated on September 1, 2011 in Beijing, China.Overview

~~Qianxian~~On ~~Media~~May ~~distributes~~13, 2015, we entered into and closed a ~~Chinese~~share ~~language~~exchange ~~agricultural~~agreement, ~~magazine~~or the Share Exchange Agreement, ~~free~~with Yinhang Internet Technologies Development, Inc., a Nevada corporation (“Yinhang US”) and the stockholders of ~~charge~~Yinhang US (the “Yinhang Stockholders”), ~~through~~pursuant ~~distribution~~to ~~services~~which ~~provided~~we byacquired ~~unaffiliated~~100% ~~third~~of ~~parties~~the issued and ~~sells~~outstanding ~~advertising~~capital ~~space~~stock of Yinhang US in exchange for a total of 758,116,667 shares (pre-reverse split) of our common stock (the ~~magazine~~“Share ~~and~~Exchange” or the “Yinhang Acquisition”). After giving effect to the Share Exchange, we had outstanding 800,000,000 shares (pre-reverse split) of common stock, representing all of our authorized shares of common stock. The 758,116,667 shares (pre-reverse split) includes 200,000,000 shares (pre-reverse split) issued to the three investors pursuant to a subscription agreement as discussed in Note 10 to the financial statements.

1As a result of the Share Exchange, Yinhang US became our wholly-owned subsidiary, and we now own all of the outstanding capital stock of Yinhang HK, which in turn owns all of the outstanding capital stock of Huashang, a Chinese limited company.

onYinhang ~~the~~HK ~~website~~was ~~“qianxianhuinong.com.” Through~~established ~~the~~in ~~magazine~~Hong ~~and~~Kong ~~its~~on ~~website~~June 4, ~~Qianxian~~2014 ~~Media~~to ~~provides~~serve ~~information~~as ~~and~~an ~~news~~intermediate ~~regarding~~holding ~~urban~~company. Huashang ~~and~~was ~~rural~~established ~~areas~~in ~~such~~the asPRC ~~agriculture~~on ~~polices~~August 8, 2014, and ~~agriculture~~on ~~related~~August ~~videos~~5, to2014, ~~attract~~the ~~advertising~~local ~~revenue. Qianxian~~government ~~Media~~of ~~was~~the ~~incorporated~~PRC onissued ~~December~~a ~~19,~~certificate ~~2006~~of inapproval ~~Beijing,~~regarding ~~China.~~the foreign ownership of Huashang by Yinhang HK.

OnPrior ~~June~~to 24February 5, 2015, wenone ~~filed a certificate~~ of ~~merger~~Yinhang ~~with~~US, ~~the~~Yinhang ~~Office~~HK ofor ~~the~~Huashang, ~~Secretary~~Yinhang’s ofindirect ~~State of Nevada merging our~~ wholly-owned subsidiary, ~~Yinhang, a holding company without any operations of its own, with~~ and ~~into our company, in~~ a ~~short~~wholly-~~form~~foreign ~~merger~~owned ~~pursuant~~enterprise ~~to Section 92.180 of the Nevada Revised Statutes, which~~ under ~~Nevada~~PRC law, had ~~does~~any ~~not require stockholder approval~~operations.

~~The~~On ~~chart~~February ~~below~~5, ~~presents~~2015, ~~our~~Huashang ~~current~~entered ~~corporate~~into ~~structure:~~the VIE Agreements with each of Beijing Huashangjie Electronic Business Service Co., Ltd. (“Huashangjie” or “HSJ”), Beijing UKT Investment Management Co., Ltd. (“UKT”), and Beijing Qianxian Media Advertising Co., Ltd. (“Qianxian Media”), and their respective shareholders, pursuant to which Huashang effectively controls the operations of Huashangjie, UKT and Qianxian Media and is entitled to receive the pre-tax profits of each of Huashangjie, UKT and Qianxian Media.

Bison Petroleum, Corp. (a Nevada corporation)
100%
Yinhang (Hong Kong) Internet Technologies Development Limited (HK) (“Yinhang HK”)
100%
Huashang Wujie (Beijing) Internet Technology Co., Ltd. (PRC) (“Huashang” or “WFOE”)
VIE Contractual Arrangements
Beijing Huashangjie Electronic Business Service Co., Ltd. (PRC) (“Huashangjie”)	Beijing UKT Investment Management Co., Ltd. (PRC) (“UKT”)	Beijing Qianxian Media Advertising Co., Ltd. (PRC) (“Qianxian Media”)

Huashangjie operates an Internet information service which provides a classified information platform to end user merchants who advertise their products or services on its website. Huashangjie’s platform provides merchants with an affordable and effective marketing channel to reach a broad and targeted local consumer base. Through “3ghuashang.com” and “HS.cn” website and mobile applications, the platform contains a vast amount of credible and up-to-date local information in approximately 34 provinces, including about 8,000 counties, across diverse content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. Huashangjie was incorporated on December 22, 2009 in Beijing, China.

OnUKT ~~June~~operates ~~11,~~a ~~2015,~~virtual ~~our~~on-line ~~Board~~web ofmall ~~Directors unanimously adopted~~(www.hs.cn/ukt), ~~and~~which ~~holders~~enables ofmerchants aand ~~majority~~manufacturers ofto ~~our~~sell ~~outstanding~~their ~~shares~~products ofto ~~common~~on-line ~~stock~~customers ~~approved~~through byan ~~written~~on-line ~~consent~~store, inand ~~lieu~~provides ofhardware aand ~~meeting~~software ofassistance ~~stockholders, amendments~~ to ~~our~~these ~~Articles~~merchants. ofUKT’s ~~Incorporation~~online ~~changing~~store ~~our~~features ~~corporate~~green, ~~name~~organic tomerchandise ~~Yinhang~~and ~~Internet~~through ~~Technologies~~direct ~~Development,~~cooperation ~~Inc.,~~with the ~~name~~manufacturers ofmany ~~the~~featured ~~Nevada~~products ~~entity~~sold ~~which we acquired~~ in the ~~Yinhang~~UKT ~~Acquisition,~~mall ~~reducing~~carry ~~our~~trademarks ~~authorized capital stock to 21,000,000 shares, comprised~~ of 1UKT. ~~million~~These ~~shares~~products ofalso ~~preferred~~are ~~stock~~sold ~~and~~under 20UKT ~~million~~marks ~~shares~~in of“UKT” ~~common~~retail ~~stock,~~stores ~~each~~operated ~~having par~~by ~~value~~local ~~of $0~~merchants.~~001,~~ ~~and~~UKT ~~effecting~~charges athe ~~one-for~~local ~~one~~store ~~hundred~~operator ~~(1-for-100)~~a ~~reverse~~trademark ~~stock~~usage ~~split~~fee. ofUKT ~~our~~was ~~common~~incorporated ~~stock~~on ~~which~~September ~~will~~1, ~~reduce~~2011 ~~the~~in ~~number of our outstanding shares of common stock to slightly more than 8~~Beijing,~~000,000~~ ~~shares~~China.

Approval of the amendments by a written consent in lieu of a meeting of stockholders signed by the holders of a majority of the outstanding shares of common stock is sufficient under Section 78.320 of the Revised Nevada Statutes. Accordingly, no proxy of the Company’s stockholders will be solicited for a vote on the approval of the amendments. However, on August 10, 2015 the Company distributed to its stockholders an Information Statement to provide them with certain information concerning the amendments in accordance with the requirements of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, including particularly Regulation 14C. The certificate of amendment effecting the amendments will become effective at 5:00 p.m. Eastern Time on August 31, 2015, subject to approval by the Financial Industry Regulatory Authority, or “FINRA.”3

2Qianxian Media distributes a Chinese language agricultural magazine, free of charge, through distribution services provided by unaffiliated third parties and sells advertising space in the magazine and on the website “qianxianhuinong.com.” Through the magazine and its website, Qianxian Media provides information and news regarding urban and rural areas such as agriculture polices and agriculture related videos to attract advertising revenue. Qianxian Media was incorporated on December 19, 2006 in Beijing, China.

~~Results~~On June 24, 2015, we filed a certificate of ~~Operations~~merger with the Office of the Secretary of State of Nevada merging our wholly-owned subsidiary, Yinhang US, a holding company without any operations of its own, with and into our company, in a short-form merger pursuant to Section 92.180 of the Nevada Revised Statutes, which under Nevada law does not require stockholder approval.

~~Comparison~~On June 11, 2015, our Board of ~~Six~~Directors ~~Months~~unanimously ~~Ended~~adopted, ~~June~~and 30holders of a majority of our outstanding shares of common stock approved by written consent in lieu of a meeting of stockholders, ~~2015~~amendments to our Articles of Incorporation changing our corporate name to Yinhang Internet Technologies Development, Inc., the name of the Nevada entity which we acquired in the Yinhang Acquisition, reducing our authorized capital stock to 21,000,000 shares, comprised of 1 million shares of preferred stock and ~~2014~~20 million shares of common stock, each having par value of $0.001, and effecting a one-for one hundred (1-for-100) reverse stock split of our common stock which reduced the number of our outstanding shares of common stock to slightly more than 8,000,000 shares.

~~The~~Approval ~~following~~of ~~table~~the ~~sets~~amendments ~~forth~~by a written consent in lieu of a meeting of stockholders signed by the ~~results~~holders of ~~our~~a ~~operations~~majority ~~for~~of the ~~periods~~outstanding ~~indicated~~shares asof acommon ~~percentage~~stock is sufficient under Section 78.320 of ~~net~~the ~~revenue~~Revised Nevada Statutes. On August 10, 2015 the Company distributed to its stockholders an Information Statement containing certain ~~columns~~information ~~may~~concerning ~~not~~the ~~add~~amendments ~~due~~in toaccordance ~~rounding:~~with the requirements of the Exchange Act and the regulations promulgated thereunder, including particularly Regulation 14C. The certificate of amendment effecting the amendments became effective on August 31, 2015

	2015						2014
		$			% of Revenue			$		% of Revenue
Products		$	14,420		1%			$	1,398,142	29		%
Services			2,738,564		99%				3,437,831	71		%
Net revenue			2,752,984		100%				4,835,973	100		%
Products			2,941			0.1%			325,771		7	%
Services			1,337,596			49%			1,399,681		29	%
Cost of revenue			1,340,537			49%			1,725,452		36	%
Gross profit			1,412,447			51%			3,110,521		64	%
Operating expenses			3,031,807			110%			3,565,700		74	%
Loss from operations			(1,619,360	)		(59)%			(455,179)		(10	)%
Non-operating income, net			121,057			4%			7,643		0.2	%
Income tax expense (benefit)			375,667			13%			(508,466)		(11)	%
Net Loss		$	(1,873,970	)		(68)%		$	60,930		1	%

The chart below presents our corporate structure:

Segment Information

Yinhang Internet Technologies Development, Inc. (a Nevada corporation)

100%

Yinhang (Hong Kong) Internet Technologies Development Limited (HK) (“Yinhang HK”)

100%

Huashang Wujie (Beijing) Internet Technology Co., Ltd. (PRC) (“Huashang” or “WFOE”)

VIE Contractual Arrangements

Beijing Huashangjie Electronic Business Service Co., Ltd. (PRC) (“Huashangjie”)	Beijing UKT Investment Management Co., Ltd. (PRC) (“UKT”)	Beijing Qianxian Media Advertising Co., Ltd. (PRC) (“Qianxian Media”)

~~HSJ~~4

~~The~~Results ~~following table sets forth the results~~ of ~~our operations for HSJ’s Internet platform services for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:~~Operations

	Six Months ended
	June 30, 2015					2014
	$		% of Revenue			$		% of Revenue
Revenue	$	2,564,024				$	4,141,151
Cost of revenue		1,241,061		48	%		1,558,050		38	%
Gross profit		1,322,963		52	%		2,583,101		62	%
Operating expenses		1,997,342		78	%		2,878,428		70	%
Loss from operations		(674,379)		(26	)%		(295,327)		(7)	%
Non-operating income (expense), net		104,513		4	%		5,356		0.1	%
Income tax expense (benefit)		356,905		14	%		(520,811)		(13)	%
Net Loss	$	(926,771)		(36	)%	$	230,840		6	%

Comparison of Nine Months Ended September 30, 2015 and 2014

3The following table sets forth the results of our operations for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:

UKT


	Nine Months Ended September 30,
	2015						2014
		$			% of Revenue		$		% of Revenue
Products		$	14,550		0.4%		$	1,647,856	26		%
Services			4,009,053		99%			4,597,168	74		%
Revenue			4,023,603		100%			6,245,024	100		%

Products			2,907			0.1%		414,651		7	%
Services			1,828,463			45%		2,032,438		33	%
Cost of revenue			1,831,370			46%		2,447,089		39	%
Gross profit			2,192,333			54%		3,797,935		61	%
Operating expenses			3,771,769			94%		5,017,902		80	%
Loss from operations			(1,579,536	)		(40)%		(1,219,967)		(19)	%
Non-operating income, net			63,848			2%		94		0.0	%
Income tax expense (benefit)			558,388			14%		(640,191)		(10)	%
Net loss		$	(2,074,076	)		(52)%	$	(579,682)		(9)	%

~~The~~Segment following table sets forth the results of UKT on-line and physical stores, and trademark using fee income for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:Information

	Six Months ended
	June 30, 2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	13,829					$	500,454
Cost of revenue		2,910			21	%		70,283			14	%
Gross profit		10,919			79	%		430,171			86	%
Operating expenses		198,586			1,436	%		428,311			86	%
Loss from operations		(187,667	)		(1,357	)%		1,860			0.37	%
Non-operating income, net		2,180			16	%		1,863			0.37	%
Income tax expense (benefit)		(743	)		(5	)%		(7,194	)		(1)	%
Net Loss	$	(184,744	)		(1,336	)%	$	10,917			2	%

HSJ

~~Qianxian~~The ~~Media~~following table sets forth the results of our operations for HSJ’s Internet platform services for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:

The following table sets forth the results of advertising income from Qianxian Media website and magazine for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:


	Nine Months ended September 30,
	2015					2014
	$		% of Revenue			$		% of Revenue
Revenue	$	3,749,376				$	5,370,604
Cost of revenue		1,684,696		45	%		2,210,356		41	%
Gross profit		2,064,680		55	%		3,160,248		59	%
Operating expenses		2,518,919		67	%		4,025,297		75	%
Loss from operations		(454,239)		(12	)%		(865,049)		(16)	%
Non-operating income (expenses), net		48,342		1	%		(3,119)		(0.1)	%
Income tax expense (benefit)		530,081		14	%		(670,111)		(12)	%
Net loss	$	(935,979)		(25	)%	$	(198,057)		(4)	%

	Six Months ended
	June 30, 2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	175,131					$	194,369
Cost of revenue		96,567			55	%		97,119			50	%
Gross profit		78,564			45	%		97,250			50	%
Operating expenses		90,981			52	%		258,962			133	%
Loss from operations		(12,417	)		(7	)%		(161,712	)		(83	)%
Non-operating income (expense), net		(471	)		(0.3	)%		424			(0.22	)%
Income tax expense		19,504			11	%		19,538			10	%
Net Loss	$	(32,392	)		(18	)%	$	(180,826	)		(93	)%

~~Revenue~~UKT

~~Net~~The ~~revenue~~following intable ~~the~~sets ~~six~~forth ~~months~~the ~~ended~~results ~~June 30, 2015, was $2.75 million, consisting~~ of ~~$2.56 million for internet platform services, $0.01 million for net revenue from~~ UKT's on-line and physical stores, and trademark ~~user~~using fee income ~~of UKT, and $0.18 million~~ for ~~advertising~~the ~~income~~periods ~~from~~indicated ~~Qianxian~~as ~~Media~~a ~~website~~percentage ~~and magazine, while net revenue in 2014, was $4.83 million, consisting~~ of ~~$4.14 million for internet platform services, $0.50 million for~~ net revenue ~~from UKT on-line and physical stores and trademark user fee income of UKT~~, ~~and~~certain ~~$0.19~~columns ~~million~~may ~~for~~not ~~advertising~~add ~~income~~due ~~from~~to ~~Qianxian Media~~ rounding:


	Nine Months ended September 30,
	2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	13,727					$	588,619
Cost of revenue		2,888			21	%		91,721			16	%
Gross profit		10,839			79	%		496,898			84	%
Operating expenses		263,286			1,918	%		612,521			104	%
Loss from operations		(252,447	)		(1,839	)%		(115,623)			(20)	%
Non-operating income, net		2,117			15	%		2,888			0.5	%
Income tax expense (benefit)		(738	)		(5	)%		741			0.1	%
Net loss	$	(249,592	)		(1,819	)%	$	(113,476	)		(19)	%

~~website~~Qianxian and magazine, an overall decrease of $2.08 million or 43%. We had $14,420 revenue from products in the six months ended June 30, 2015 comparing with $1.40 million in the same period of 2014. We had $2.74 million from internet platform and advertising income for the six months ended June 30, 2015 comparing with $$3.44 million for the same period of 2014. The decrease in revenue from both products and services was due to the strategic changing of current business model to rural e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of village, and targets the users from village and rural area. Starting from 2nd quarter of 2015, the Company did not gain any new customers for current internet platform services but only maintains the existing customers as a result of switching business model. The Company is currently test running the rural e-commerce trading platform, expects the official operation within a few months. Media

~~Cost~~The following table sets forth the results of ~~Revenue~~advertising income from Qianxian Media's website and magazine for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:

Cost of revenue (“COR”) was $1.34 million in the six months ended June 30, 2015, compared to $1.73 million in the same period of 2014, COR mainly consisted of the cost of purchasing the inventory, commission paid to sales agents and amortization of the web hosting platform cost. Write-down of inventory to lower of cost or market is also recorded in COR. Decreased COR resulted from decreased sales during the six months ended June 30, 2015 comparing with the same period of 2014. The COR as a percentage of revenue was 49% in the six months ended June 30, 2015, compared with 36% for 2014, due to continuously sale of certain items with lower cost as a percentage to the revenue in the six months ended June 30, 2015, these items include POS machine, health monitoring wristwatch, and Qiangbao Card, which is a prepaid gift card and is sold at 60% of the face value, can be used to make purchases at our on-line stores.


	Nine Months ended September 30,
	2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	260,500					$	285,800
Cost of revenue		143,784			55	%		145,012			51	%
Gross profit		116,715			45	%		140,789			49	%
Operating expenses		143,876			55	%		380,084			133	%
Loss from operations		(27,161	)		(10	)%		(239,295	)		(84	)%
Non-operating income (expenses), net		(1,315	)		(0.5	)%		325			(0.1	)%
Income tax expense		29,042			11	%		29,179			10	%
Net loss	$	(57,518	)		(22	)%	$	(268,149	)		(94	)%

~~Gross Profit~~6

Gross profit was $1.41 million in the six months ended June 30, 2015, compared to $3.11 million in 2014. Blended gross margin ratio was 51% and 64% for the six months ended June 30, 2015 and 2014 respectively. Gross margin ratio for HSJ was 52% and 62% for the six months ended June 30, 2015 and 2014, respectively; gross margin ratio for UKT was 79% and 86% for the six months ended June 30, 2015 and 2014, respectively; gross margin ratio for Qianxian Media was 45% and 50% for the six months ended June 30, 2015 and 2014, respectively. The decrease in gross profit ratio for HSJ was mainly due to decreased sales of certain products with high profit margin as explained above; the decrease in gross profit ratio for UKT was mainly due to decreased trademark user fee, the decrease in gross margin ratio for Qianxian Media was due to decreased advertising income in the six months ended June 30, 2015.Revenue

~~Operating~~Revenue ~~Expenses~~for the nine months ended September 30, 2015, was $4.02 million, consisting of $3.75 million for internet platform services, $0.01 million from UKT's on-line and physical stores and trademark user fee income, and $0.26 million for advertising income from Qianxian Media's website and magazine, while revenue for the comparable nine-month period in 2014, was $6.25 million, consisting of $5.37 million for internet platform services, $0.59 million from UKT's on-line and physical stores and trademark user fee income, and $0.29 million for advertising income from Qianxian Media's website and magazine, an overall decrease of $2.22 million or 36%. We had $14,550 revenue from products in the nine months ended September 30, 2015 compared with $1.65 million for the comparable nine-month period of 2014. We had $4.01 million from internet platform and advertising income for the nine months ended September 30, 2015 compared with $4.60 million for the comparable nine-month period of 2014. The decrease in revenue from both products and services was due to the strategic changing of our current business model to a rural e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of villages, and targets users from villages and rural areas. Commencing with the 2nd quarter of 2015, the Company did not attract any new customers for its existing internet platform services but only maintained its existing customers as a result of changing its business model. The Company is currently test running the rural e-commerce trading platform, and expects to begin commercial operations of this platform within a few months.

~~Operating~~Cost ~~expenses were $3.03 million for the six months ended June 30, 2015, compared to $3.56 million for 2014, a decrease~~ of ~~$0.53 million or 15%. The decrease was mainly due to decreased sales and operation for each entity as a result of strategic change of the business model.~~Revenue

~~Non~~Cost of revenue (“COR”) was $1.83 million for the nine months ended September 30, 2015, compared to $2.45 million for the comparable nine-~~Operating~~month period ~~Income~~of 2014. COR mainly consisted of the cost of purchasing the inventory, ~~net~~commissions paid to sales agents and amortization of the web hosting platform. Write-down of inventory to lower of cost or market also is recorded in COR. Decreased COR resulted from decreased sales during the nine months ended September 30, 2015 compared with the comparable nine-month period of 2014. COR as a percentage of revenue was 46% in the nine months ended September 30, 2015, compared with 39% for comparable nine-month period of 2014, due to the significant reduction in sales of certain products for the nine months ended September 30, 2015 which historically has lower cost as a percentage of revenue.

~~Net~~Gross non-operating income was $0.12 million for the six months ended June 30, 2015, compared to $7,643 for 2014, an increase of $0.11 million or 1484%. The increase in net non-operating income was mainly due to increased net non-operating income of $0.10 million from government support fund for HSJ, compared to the net non-operating income of $5,356 for HSJ for the same period of 2014.Profit

5Gross profit was $2.19 million for the nine months ended September 30, 2015, compared to $3.80 million for the comparable nine-month period of 2014. Blended gross margin ratio was 54% and 61% for the nine months ended September 30, 2015 and 2014, respectively. Gross margin ratio for HSJ was 55% and 59% for the nine months ended September 30, 2015 and 2014, respectively; gross margin ratio for UKT was 79% and 84% for the nine months ended September 30, 2015 and 2014, respectively; gross margin ratio for Qianxian Media was 45% and 49% for the nine months ended September 30, 2015 and 2014, respectively. The decrease in gross profit ratio for HSJ was mainly due to the reduction in sales of certain products with high profit margin as explained above; the decrease in gross profit ratio for UKT was mainly due to a reduction in trademark user fees, the decrease in gross margin ratio for Qianxian Media was due to a reduction in advertising income for the nine months ended September 30, 2015.

~~Income~~Operating ~~Tax Benefit (Expense)~~Expenses

WeOperating ~~had~~expenses ~~income~~were ~~tax expense of~~ $~~375,667~~3.77 million for the ~~six~~nine months ended ~~June~~September 30, 2015, compared to ~~income tax benefit of~~ $~~508,466~~5.02 million for the ~~same~~comparable nine-month period of 2014, ~~respectively.~~a ~~The~~decrease ~~effective~~of ~~income~~$1.25 ~~tax rate on taxable loss for the six months ended June 30~~million, ~~2015,~~or ~~was~~ 25 %. ~~compared~~The decrease towas ~~(114)%~~mainly ~~for~~due ~~the~~to ~~six~~a ~~months~~reduction ~~ended~~in ~~June~~sales ~~30,~~and ~~2014,~~operations ~~the~~for ~~increase~~each inentity ~~income~~as ~~tax~~a ~~expense~~result ~~was~~of ~~mainly~~the ~~due~~strategic to change in ~~valuation~~business ~~allowance for NOL~~model.

~~Net~~Non-Operating ~~Loss~~Income, net

~~Our~~Net ~~net~~non-operating ~~loss~~income was $63,848 for the ~~six~~nine months ended ~~June~~September 30, 2015, ~~was $1.87 million~~ compared to ~~net income of~~ $~~0.06~~94 ~~million~~ for the ~~same~~comparable nine-month period of 2014, an increase of $~~1.81~~63,754 ~~million~~ or ~~2976~~67,823%. ~~Net~~The ~~loss~~increase asin anet ~~percentage~~non-operating ofincome ~~revenue~~ was ~~(68)%~~mainly indue ~~the~~to ~~six~~increased ~~months~~net ~~ended~~non-operating ~~June~~income ~~30,~~of ~~2015,~~$0.11 ~~and~~million ~~net~~from ~~income~~government assupport afor ~~percentage~~HSJ, ofcompared ~~revenue~~to ~~was 1% in~~ the ~~same~~net ~~period~~non-operating income of ~~2014.~~$13,860 ~~This~~for ~~increase~~HSJ infor ~~net~~the ~~loss~~comparable ~~was~~nine-month ~~attributable~~period toof ~~increased~~2014, ~~income~~despite ~~tax~~non-operating expense of ~~0.38~~$61,847 ~~million~~in ~~for~~ the ~~six~~nine months ended ~~June~~September 30, 2015, compared to ~~income tax benefit of~~ $~~0.51~~18,912 ~~million~~ for the ~~same~~comparable nine-month period of 2014~~, as well as decreased sales~~.

~~Comparison of Three Months Ended June 30, 2015 and 2014~~7

~~The~~Income ~~following~~Tax ~~table~~Benefit ~~sets forth the results of our operations for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:~~ (Expense)

	2015						2014
		$		% of Revenue				$		% of Revenue
Products		$	$ 10,141	1		%		$	$1,260,037	36		%
Services			1,303,915	99		%			2,245,467	64		%
Net revenue			1,314,056	100		%			3,505,504	100		%
Products			56		0	%			275,044		8	%
Services			699,216		53	%			807,714		23	%
Cost of revenue			699,272		53	%			1,082,758		31	%
Gross profit			614,784		47	%			2,422,746		69	%
Operating expenses			1,462,203		111	%			1,967,400		56	%
Loss from operations			(847,419)		(64	)%			455,346		13	%
Non-operating income, net			14,721		1.1	%			2,322		0.06	%
Income tax expense			186,363		14	%			191,533		5	%
Net Loss		$	(1,019,062)		(78	)%		$	266,135			8%

We had income tax expense of $558,388 for the nine months ended September 30, 2015, compared to income tax benefit of $640,191 for the comparable nine-month period of 2014, respectively. The effective income tax rate on taxable loss for the nine months ended September 30, 2015, was 37 % compared to (52)% for the nine months ended September 30, 2014; the increase in income tax expense was mainly due to change in valuation allowance for NOL.

~~Segment~~Net ~~Information~~Loss

~~HSJ~~Our net loss for the nine months ended September 30, 2015, was $2.07 million compared to net loss of $0.58 million for the comparable nine-month period of 2014, an increase of $1.49 million or 258%. Net loss as a percentage of revenue was (52)% in the nine months ended September 30, 2015, and net loss as a percentage of revenue was (9)% in the comparable nine-month period of 2014. This increase in net loss was attributable to increased income tax expense of 0.56 million for the nine months ended September 30, 2015, compared to income tax benefit of $0.64 million for the comparable nine-month period of 2014, as well as decreased sales.

~~The~~Comparison ~~following table sets forth the results~~ of ~~our~~Three ~~operations~~Months ~~for~~Ended ~~HSJ’s~~September ~~Internet platform services for the periods indicated as a percentage of net revenue~~30, ~~certain~~2015 ~~columns~~and ~~may not add due to rounding:~~2014

6The following table sets forth the results of our operations for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:

		Three Months ended June 30, 2015						2014
	Three Months Ended September 30,
	2015							2014
		$			% of Revenue			$		% of Revenue
Revenue		$	1,226,518					$	2,972,149
Products		$	130		0		%	$	$249,714	18		%
Cost of revenue			650,922			53	%		1,008,303		34	%
Services			1,270,489		100		%		1,159,337	82		%
Gross profit			575,596			47	%		1,963,846		66	%
Revenue			1,270,619		100		%		1,409,051	100		%
Operating expenses			950,451			77	%		1,450,486		49	%
Products			(34)			0	%		88,880		6	%
(Loss) income from operations			(374,855	)		(31	)%		513,360		17	%
Services			490,867			39	%		632,757		45	%
Non-operating income, net			218			0.02	%		614		0.02	%
Cost of revenue			490,833			39	%		721,637		51	%
Income tax expense			177,338			14	%		188,957		6	%
Gross profit			779,786			61	%		687,414		49	%
Net Loss(income)		$	(551,975	)		(45	)%	$	325,017		11	%
Operating expenses			739,962			58	%		1,452,202		103	%
Income (loss) from operations			39,824			3	%		(764,788)		(54)	%
Non-operating expenses, net			(57,209)			(5	)%		(7,549)		(1)	%
Income tax expense (benefit)			182,721			14	%		(131,725)		(9)	%
Net loss		$	(200,106)			(16	)%	$	(640,612)		(45)	%

~~UKT~~8

	Three Months ended June 30, 2015					2014
	$		% of Revenue			$		% of Revenue
Revenue	$	126				$	432,820
Cost of revenue		5		4	%		25,759		6	%
Gross profit		121		96	%		407,061		94	%
Operating expenses		94,867		75,291	%		391,951		91	%
Loss (income) from operations		(94,746)		(75,195	)%		15,110		3	%
Non-operating income (expense), net		(81)		(64	)%		1,727		0.4	%
Income tax benefit		(743)		(590	)%		(7,194)		(2)	%
Net Loss	$	(94,084)		(74,670	)%	$	24,031		6	%

HSJ

	Three Months Ended September 30,
	2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	1,185,250					$	1,229,454
Cost of revenue		443,533			38	%		652,306			53	%
Gross profit		741,717			62	%		577,148			47	%
Operating expenses		521,577			44	%		1,146,870			93	%
Income (loss) from operations		220,140			18	%		(569,722	)		(46	)%
Non-operating expenses, net		(56,171	)		(4	)%		(8,474	)		(1	)%
Income tax expense (benefit)		173,176			15	%		(149,300	)		(12	)%
Net loss	$	(9,208	)		(1	)%	$	(428,896	)		(35	)%

	Three Months ended June 30, 2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	87,412					$	100,536
Cost of revenue		48,346			55	%		48,696			48	%
Gross profit		39,066			45	%		51,840			52	%
Operating expenses		45,404			52	%		124,964			124	%
Loss from operations		(6,338	)		(7	)%		(73,124	)		(72	)%
Non-operating income (expense), net		(223	)		(0.3	)%		(19	)		(0.02	)%
Income tax expense		9,767			11	%		9,769			10	%
Net Loss	$	(16,328	)		(18	)%	$	(82,912	)		(82	)%

UKT

7The following table sets forth the results of UKT's on-line and physical stores, and trademark using fee income for the periods indicated as a percentage of net revenue, certain columns may not add due to rounding:

Revenue


	Three Months Ended September 30,
	2015					2014
	$		% of Revenue			$		% of Revenue
Revenue	$	-				$	88,166
Cost of revenue		-		-	%		21,438		24	%
Gross profit		-		-	%		66,728		76	%
Operating expenses		64,785		-	%		184,210		209	%
Loss from operations		(64,780)		-	%		(117,482)		(133)	%
Non-operating income (expenses), net		(63)		-	%		1,024		1	%
Income tax expense		-		-	%		7,935		9	%
Net loss	$	(64,848)		-	%	$	(124,393)		(141)	%

Net revenue in the three months ended June 30, 2015, was $1.31 million, consisting of $1.23 million for internet platform services, $126 for net revenue from UKT on-line and physical stores and trademark user fee income of UKT, and $87,412 for advertising income from Qianxian Media website and magazine, while net revenue in 2014, was $3.51 million, consisting of $2.97 million for internet platform services, $0.43 million for net revenue from UKT on-line and physical stores and trademark user fee income of UKT, and $0.10 million for advertising income from Qianxian Media website and magazine, an overall decrease of $2.20 million or 63%. We had $10,141 revenue from products in the three months ended June 30, 2015 comparing with $1.26 million in the same period of 2014. We had $1.30 million from internet platform and advertising income for the three months ended June 30, 2015 comparing with $$2.25 million for the same period of 2014. The decrease in revenue from both products and services was due to the strategic changing of current business model to rural e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of village, and targets the users from village and rural area. Starting from 2nd quarter of 2015, the Company did not gain any new customers for current internet platform services but only maintains the existing customers as a result of switching business model. The Company is currently test running the rural e-commerce trading platform, expects the official operation within a few months. 9

~~Cost~~Qianxian ~~of Revenue~~Media

~~Cost~~The offollowing ~~revenue~~table ~~(“COR”)~~sets ~~was~~forth ~~$0.70 million in~~ the ~~three~~results ~~months ended June 30, 2015, compared to $1.08 million in the same period~~ of ~~2014,~~advertising ~~COR~~income ~~mainly~~from ~~consisted~~Qianxian ofMedia's ~~the~~website ~~cost of purchasing the inventory, commission paid to sales agents~~ and ~~amortization~~magazine offor the ~~web~~periods ~~hosting~~indicated platform cost. Write-down of inventory to lower of cost or market is also recorded in COR. Decreased COR resulted from decreased sales during the three months ended June 30, 2015 comparing with the same period of 2014. The COR as a percentage of ~~revenue~~net ~~was 53% in the three months ended June 30~~revenue, ~~2015,~~certain ~~compared~~columns ~~with~~may ~~31%~~not ~~for~~add ~~2014,~~ due to continuously sale of certain items with lower cost as a percentage to the revenue in the three months ended June 30, 2015, these items include POS machine, health monitoring wristwatch, and Qiangbao Card, which is a prepaid gift card and is sold at 60% of the face value, can be used to make purchases at our on-line stores.rounding:

Gross Profit


	Three Months Ended September 30,
	2015						2014
	$			% of Revenue			$			% of Revenue
Revenue	$	85,369					$	91,431
Cost of revenue		47,218			55	%		47,893			52	%
Gross profit		38,151			45	%		43,538			48	%
Operating expenses		52,895			62	%		121,122			132	%
Loss from operations		(14,744	)		(17	)%		(77,584	)		(84	)%
Non-operating expenses, net		(843	)		(1	)%		(99	)		(0.1	)%
Income tax expense		9,539			11	%		9,640			11	%
Net loss	$	(25,126	)		(29	)%	$	(87,323	)		(95	)%

Gross profit was $0.61 million in the three months ended June 30, 2015, compared to $2.42 million in 2014. Blended gross profit ratio was 47% and 69% for the three months ended June 30, 2015 and 2014 respectively. The decrease in gross profit ratio was mainly due to decreased sales of certain products with high profit margin, decreased trademark user fee and decreased advertising income, which usually have higher profit margin, in the three months ended June 30, 2015.Revenue

~~Operating~~Revenue ~~Expenses~~for the three months ended September 30, 2015, was $1.27 million, consisting of $1.19 million for internet platform services, and $85,369 for advertising income from Qianxian Media's website and magazine, while revenue in the comparable three-month period in 2014, was $1.41 million, consisting of $1.23 million for internet platform services, $88,166 of net revenue from UKT's on-line and physical stores and trademark user fee income, and $91,431 for advertising income from Qianxian Media's website and magazine, an overall decrease of $0.14 million or 10%. We had $130 revenue from products in the three months ended September 30, 2015 compared with $249,714 in the comparable three-month period of 2014. We had $1.27 million from internet platform and advertising for the three months ended September 30, 2015 compared with $1.16 million for the comparable three-month period of 2014. The decrease in revenue from both products and services was due to the strategic change of our business model to a rural e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of villages, and targets users from villages and rural areas. Commencing with the 2nd quarter of 2015, the Company did not attract any new customers for its existing internet platform services but only maintained the existing customers as a result of the change in its business model. The Company is currently test running the rural e-commerce trading platform, and expects to begin commercial operations within a few months.

~~Operating~~Cost ~~expenses were $1.46 million for the three months ended June 30, 2015, compared to $1.97 million for 2014, a decrease~~ of ~~$0.51 million or 26%. The decrease was mainly due to decreased sales and operation for each entity as a result of strategic change of the business model.~~Revenue

~~Non~~Cost of revenue (“COR”) was $0.49 million for the three months ended September 30, 2015, compared to $0.72 million for the comparable three-~~Operating~~month ~~Income~~period of 2014, ~~net~~COR mainly consisted of the cost of purchasing inventory, commissions paid to sales agents and amortization of the web hosting platform costs. Write-down of inventory to lower of cost or market also is recorded in COR. Decreased COR resulted from reduced sales during the three months ended September 30, 2015 compared with the comparable three-month period of 2014. COR as a percentage of revenue was 39% in the three months ended September 30, 2015, compared with 51% for the comparable three-month period of 2014, due to decreased cost of revenue for HSJ, and no sales and cost for UKT during the three months ended September 30, 2015.

~~Net~~Gross ~~non-operating income was $14,721 for the three months ended June 30, 2015, compared to $2,322 for 2014, an increase of $12,399.~~Profit

8Gross profit was $0.78 million for the three months ended September 30, 2015, compared to $0.69 million for the comparable three-month period of 2014. Blended gross profit ratio was 61% and 49% for the three months ended September 30, 2015 and 2014, respectively. The increase in gross profit ratio was mainly due to increased profit margin for HSJ.

~~Income Tax Expense~~10

WeOperating had income tax expense of $186,363 for the three months ended June 30, 2015, compared to income tax expense of $191,533 for the same period of 2014, respectively. The effective income tax rate on taxable income (loss) for the three months ended June 30, 2015, was (22)% compared to 42% for the three months ended June 30, 2014, the change in income tax expense was mainly due to change in valuation allowance for NOL.Expenses

~~Net~~Operating ~~Loss~~expenses were $0.74 million for the three months ended September 30, 2015, compared to $1.45 million for the comparable three-month period of 2014, a decrease of $0.71 million or 49%. The decrease was mainly due to reduced sales and operations for each entity as a result of strategic change of the business model.

~~Our~~Non-Operating ~~net loss for the three months ended June 30~~Expense, ~~2015, was $1.02 million compared to~~ net gain of $0.26 million for the same period of 2014, an increase of $1.29 million or 483%. Net loss as a percentage of revenue was (78)% in the three months ended June 30, 2015, and net gain as a percentage of revenue was 8% in the same period of 2014. This increase in net loss was mainly attributable decreased sales for the three months ended June 30, 2015.

~~Liquidity~~Net ~~and~~non-operating ~~Capital~~expense ~~Resources~~was $57,209 for the three months ended September 30, 2015, compared to $7,549 for the comparable three-month period of 2014, an increase of $49,660, mainly due to one-time expense of $61,000 for early termination of our office lease.

AsIncome ofTax June 30, 2015, cash and equivalents were $58,227, compared to $1,089,755 as of June 30, 2014. At June 30, 2015, we had a working capital deficit of $4.58 million, an increase of $3.14 million from the deficit at December 31, 2014 of $1.44 million.Expense

~~The~~We ~~Company~~had ~~incurred~~income ~~net~~tax ~~losses~~expense of $182,721 ~~1.87 million~~ for the ~~six~~three months ended ~~June~~September 30, 2015., ~~The~~compared ~~Company~~to ~~also~~income ~~had~~tax abenefit ~~shareholders' deficit~~ of $~~8.42 million as of June 30~~131,725 ~~2015.~~for ~~These conditions raise a substantial doubt about~~ the ~~Company’s~~comparable ~~ability~~three-month period toof ~~continue~~2014. ~~as a going concern~~. The ~~company~~increase ~~is currently~~ in ~~a strategic changing of~~ current ~~business~~income ~~model~~tax toexpense ~~rural~~during ~~e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of village, and targets~~ the ~~users~~three ~~from village and rural area. The Company is currently test running the rural e-commerce trading platform, expects the official operation within a few~~ months. ~~With~~ended ~~existing~~September ~~resources for the sales and marketing channels including over 8~~30,~~000~~ ~~agents,~~2015 ~~and~~was ~~huge~~mainly ~~market~~due ~~for internet users in the rural area, the managements expects a healthy growth of the business; the management also intends~~ to ~~raise~~revenue ~~additional~~on ~~financing~~tax ~~through debt and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining prolonged growth in its strategy phases~~basis. ~~However, no assurance can be given that the Company will be successful in raising additional capital.~~

~~The~~Net ~~following is a summary of cash provided by or used in each of the indicated types of activities during the six months ended June 30, 2015 and 2014, respectively.~~ Loss

	Six Months ended June 30, 2015			2014
Net cash used in operating activities	$	(923,023	)	$	(1,727,539	)
Net cash used in investing activities	$	(4,613	)	$	(361,787	)
Net cash provided by (used in) financing activities	$	(102,294	)	$	2,367,470

Our net loss for the three months ended September 30, 2015, was $0.20 million compared to net loss of $0.64 million for the comparable three-month period of 2014, a decrease of $0.44 million or 69%. Net loss as a percentage of revenue was 16% in the three months ended September 30, 2015, and net loss as a percentage of revenue was 45% for the comparable three-month period of 2014. This decrease in net loss was mainly attributable to a reduction in operating expenses for the three months ended September 30, 2015.

9Liquidity and Capital Resources

~~Net~~As of September 30, 2015, cash ~~used~~and inequivalents ~~operating~~were ~~activities~~$79,033, compared to $1,089,755 as of December 30, 2014. At September 30, 2015, we had a working capital deficit of $5.06 million, an increase of $3.61 million from the deficit at December 31, 2014 of $1.44 million.

~~Cash~~The ~~has~~Company ~~historically~~incurred ~~been~~a ~~used~~net inloss ~~operations.~~of ~~Net cash used in operating activities was~~ $0 2.9207 million for the ~~six~~nine months ended ~~June~~September 30, 2015,. ~~compared~~The toCompany ~~net~~also ~~cash~~had ~~used~~a inshareholders' ~~operating~~deficit ~~activities~~ of $18.7330 million inas of September 30, 2015. These conditions raise a substantial doubt about the ~~same~~Company’s ~~period~~ability ofto ~~2014~~continue as a going concern. The ~~decrease~~company is currently changing its business model to a rural e-commerce trading platform, which integrates e-commerce and electronic administrative affairs of ~~cash~~villages, ~~outflow~~and targets users from ~~operating~~villages ~~activities~~and ~~for~~rural ~~the~~areas. ~~six~~The ~~months~~Company ~~ended~~is ~~June~~currently 30test running the rural e-commerce trading platform, ~~2015~~and ~~was~~expects ~~principally~~the ~~attributed~~official operation to ~~decreased~~begin ~~payment~~within a few months. With existing resources for ~~tax~~sales ~~payable~~and bymarketing ~~$1.05~~channels ~~million~~including over 8,000 ~~increased~~agents, ~~payment~~and ~~received~~a huge market for ~~unearned~~internet ~~revenue~~users byin ~~$1.18~~rural ~~million~~areas, managements expects a healthy growth in the business; management also intends to raise additional financing through debt and ~~increased~~equity ~~cash~~financing ~~inflow~~or ~~from~~through other ~~receivables~~means bythat ~~$3.11~~it ~~million~~deems necessary, with a view to moving forward and ~~increased~~sustaining ~~prepaid~~prolonged ~~commission~~growth byin $2its strategy phases.39 ~~million~~However, ~~despite~~no weassurance ~~had~~can ~~increased~~be ~~net~~given ~~loss~~that bythe ~~1.93~~Company ~~million~~will be successful in raising additional capital.

~~Net cash used in investing activities~~11

~~Net~~The ~~cash~~following ~~used~~is ina ~~investing~~summary ~~activities~~of ~~was~~cash ~~$4,613~~provided ~~for~~by ~~the~~or ~~six months ended June 30, 2015, compared to cash~~ used in ~~investing~~each ~~activities~~ of ~~$0.36 million for~~ the ~~same~~indicated ~~period~~types of ~~2014.~~activities Weduring ~~only paid $3,520 for acquisition of intangible assets and 1,093 for acquisition of fixed assets in~~ the ~~six~~nine months ended ~~June~~September 30, 2015, ~~compared to $155,933 for acquisition of equipment~~ and ~~$205~~2014,~~853~~ ~~for acquisition of intangible assets in the six months ended June 30, 2014~~respectively.

Net cash provided by (used in) financing activities


	Nine Months Ended September 30,
	2015			2014
Net cash used in operating activities	$	(995,696	)	$	(1,378,393	)
Net cash used in investing activities	$	(3,495	)	$	(382,299	)
Net cash provided by financing activities	$	509		$	970,820

Net cash used in financing activities was $0.10 million for the six months ended June 30, 2015, compared to $2.37 million net cash provided by financing activities in 2014. The net cash used in financing activities in six months ended June 30, 2015 was due to advances to related parties of $0.1 million, while in the same period of 2014, we had advance from related parties of $2.35 million and capital contribution of $78,457, partially offset with payment for dividend of $65,436.12

~~Contractual~~Net ~~Obligations~~cash used in operating activities

WeCash ~~have~~has nohistorically ~~long-term~~been ~~fixed~~used ~~contractual~~in ~~obligations~~operations. orNet ~~commitments~~cash used in operating activities was $1.00 million for the nine months ended September 30, 2015, compared to net cash used in operating activities of $1.38 million in the same period of 2014. The decrease of cash outflow from operating activities for the nine months ended September 30, 2015 was principally attributed to increased cash inflow from other receivables by $1.56 million, decreased payments of prepaid commission by $2.40 million, and increased payments received for unearned revenue by $1.59 million.

~~Off-Balance~~Net ~~Sheet~~cash ~~Arrangements~~used in investing activities

WeNet ~~have~~cash ~~not~~used ~~entered~~in ~~into~~investing ~~any~~activities ~~financial~~was ~~guarantees~~$3,495 orfor ~~other commitments to guarantee~~ the ~~obligations~~nine ofmonths ~~any~~ended ~~third~~September ~~parties.~~30, We2015, ~~have~~compared ~~not entered into any derivative contracts that are indexed~~ to ~~our~~cash ~~shares~~used ~~and~~in ~~classified~~investing asactivities ~~shareholder’s~~of ~~equity~~$0.38 ormillion ~~that~~for ~~are~~the ~~not~~same ~~reflected~~period inof ~~our~~2014. ~~combined~~We ~~financial~~paid ~~statements. Furthermore~~$3,495 wefor doacquisition ~~not~~of ~~have~~intangible ~~any~~assets ~~retained or contingent interest~~ in ~~assets~~the ~~transferred~~nine tomonths anended ~~uncombined~~September ~~entity~~30, ~~that serves as credit~~2015, ~~liquidity~~compared ~~or market risk support~~ to ~~such~~$161,550 ~~entity.~~for Weacquisition doof ~~not~~equipment ~~have~~and ~~any variable interest in any uncombined entity that provides financing~~$220,748 ~~liquidity,~~for ~~market~~acquisition ~~risk~~of orintangible ~~credit~~assets ~~support~~in tothe usnine ormonths ~~engages~~ended inSeptember ~~leasing~~30, ~~hedging or research and development services with us~~2014.

~~Critical~~Net ~~Accounting~~cash ~~Policies~~provided ~~and~~by ~~Estimates~~financing activities

~~Our~~Net ~~management's~~cash ~~discussion~~provided ~~and~~by ~~analysis~~financing ofactivities ~~our~~was ~~financial~~$509 ~~condition~~for ~~and~~the ~~results~~nine ofmonths ~~operations~~ended isSeptember ~~based~~30, on2015, ~~our~~compared ~~combined~~to ~~financial~~$0.97 ~~statements,~~million net ~~which~~cash ~~were~~provided ~~prepared~~by financing activities in ~~accordance~~2014. The ~~with~~net UScash ~~GAAP.~~provided ~~While~~by ~~our~~financing ~~significant~~activities ~~accounting~~in ~~policies~~nine ~~are~~months ~~more~~ended ~~fully~~September ~~described~~30, in2015 ~~Note~~was 2due to ~~our~~advances ~~combined~~from ~~financial~~related ~~statements~~parties of $509, wewhile ~~believe~~in the ~~following~~same ~~accounting~~period ~~policies~~of ~~are~~2014, ~~the~~we ~~most~~had ~~critical~~advance tofrom ~~aid~~related ~~you~~parties inof ~~fully~~$0.96 ~~understanding~~million and ~~evaluating~~capital ~~this~~contribution ~~management~~of ~~discussion~~$78,112, ~~and~~partially ~~analysis~~offset with payment for dividend of $65,149.

10Contractual Obligations

~~Basis~~We ofhave ~~Presentation~~no long-term fixed contractual obligations or commitments.

~~Our financial statements are prepared in accordance with US GAAP and the requirements of Regulation S~~Off-XBalance ~~promulgated~~Sheet ~~by the Securities and Exchange Commission (“SEC”).~~Arrangements

~~Going~~We ~~Concern~~have not entered into any financial guarantees or other commitments to guarantee the obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder’s equity or that are not reflected in our combined financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an uncombined entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any uncombined entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

WeCritical ~~incurred~~Accounting aPolicies net loss of $1.87 million for the six months ended June 30, 2015. We also had a working capital deficit of $4.58 million as of June 30, 2015. These conditions raise a substantial doubt as to whether we can continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Companies plans to develop retail store sales by opening additional stores, leading and ~~connecting on-line customers to the actual retail stores, and also integrating the on-line and retail store customers.~~Estimates

~~Use~~Our management's discussion and analysis of ~~Estimates~~our financial condition and results of operations is based on our combined financial statements, which were prepared in accordance with US GAAP. While our significant accounting policies are more fully described in Note 2 to our combined financial statements, we believe the following accounting policies are the most critical to aid you in fully understanding and evaluating this management discussion and analysis.

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, required by management, include the recoverability of long-lived assets, allowance for doubtful accounts, and the reserve for obsolete and slow-moving inventories. Actual results could differ from those estimates.13

~~Revenue~~Basis ~~Recognition~~of Presentation

~~The~~Our ~~Companies’~~financial ~~revenue~~statements ~~recognition policies~~ are prepared in ~~compliance~~accordance with ~~FASB~~US ~~ASC~~GAAP ~~Topic 605, “Revenue Recognition”. Revenues are recognized when a formal arrangement exists, which is generally represented by a contract between the Companies~~ and the ~~buyer;~~requirements ~~the price is fixed or determinable; title has passed to the buyer, which generally is at the time~~ of ~~delivery~~Regulation ofS-X ~~the~~promulgated ~~products~~by ~~or services; no other significant obligations of~~ the ~~Companies~~Securities ~~exist~~ and ~~collectability~~Exchange isCommission ~~reasonably assured~~(“SEC”). ~~Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue.~~

~~The~~Going Company grants perpetual access to platform usage to certain customers. Revenue and commission costs relating to such licenses are recorded over a 5-year estimated turnover period based on the Company's historical experience of customers’ activity.Concern

~~Deferred~~We ~~Revenue~~incurred a net loss of $2.07 million for the nine months ended September 30, 2015. We also had a working capital deficit of $5.00 million as of September 30, 2015. These conditions raise a substantial doubt as to whether we can continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Companies plans to develop retail store sales by opening additional stores, leading and ~~Prepaid~~connecting ~~Commission~~on-line customers to the actual retail stores, and also integrating the on-line and retail store customers.

~~HSJ~~Use provides platform-hosting services to end users which advertise their products on its website. The end users are solicited through independent sales agents. The agents solicit end customers at their designated territories to advertise end customers’ products on HSJ’s website for a fee determined by the sales agents. The sales agents are HSJ’s customers and they pay a fee to HSJ. However, the fees paid by the agents to HSJ are not determined by reference to the fees they receive from end users. Some agents make periodic payments for the periods they use the HSJ’s platform service; some pay the entire fees at once, at the outset of ~~the relationship; and others pay the entire fee over five years. These fees are HSJ’s main revenue source. Fee received is recorded as deferred revenue and amortized over a period of five years.~~Estimates

~~Certain~~In ~~agents~~preparing ~~get~~financial ~~the~~statements ~~right~~in toconformity ~~use~~with US GAAP, management makes estimates and assumptions that affect the ~~platform~~reported ~~for~~amounts anof ~~agreed~~assets ~~upon~~and ~~period~~liabilities and ~~pay~~disclosures inof ~~installments~~contingent ~~over~~assets ~~five~~and ~~years,~~liabilities ~~even~~at ~~though~~the ~~their~~dates ~~use~~of ~~right~~the ~~might~~financial bestatements, ~~greater~~as ~~than~~well ~~five~~as ~~years.~~the ~~Lump~~reported ~~sum~~amounts ~~payers~~of revenues and ~~some~~expenses ~~payers~~during ~~which~~the ~~pay~~reporting ~~over~~period. ~~five~~Significant ~~years~~estimates, ~~are~~required ~~given~~by management, include the ~~right~~recoverability toof ~~use~~long-lived assets, allowance for doubtful accounts, and the ~~system~~reserve infor ~~perpetuity~~obsolete ~~assuming~~and ~~all~~slow-moving ~~amounts~~inventories. Actual results could differ from those estimates.

11Revenue Recognition

The Companies’ revenue recognition policies are ~~paid~~in compliance with FASB ASC Topic 605, “Revenue Recognition”. ~~HSJ~~Revenues ~~provides~~are ~~rebates~~recognized inwhen ~~the~~a ~~form~~formal ofarrangement ~~cash~~exists, orwhich ~~points~~is ~~credit~~generally torepresented ~~sales~~by ~~agents~~a ~~ranging~~contract ~~from~~between ~~20%~~the -Companies ~~30%~~and ofthe buyer; the ~~platform-usage~~price ~~fee.~~is ~~Such~~fixed ~~rebates~~or ~~are~~determinable; ~~treated~~title ~~similar~~has passed to ~~sales~~the ~~commissions.~~buyer, ~~HSJ~~which ~~paid~~generally ~~commissions~~is ~~when~~at ~~fees~~the ~~are~~time ~~received~~of ~~from~~delivery ~~agents~~of ~~are~~the ~~recorded~~products asor ~~prepaid commission~~services; ~~such~~no ~~prepaid~~other ~~commission~~significant obligations of the Companies exist and collectability is ~~expensed~~reasonably ~~when~~assured. Payments received before all of the ~~corresponding~~relevant criteria for revenue isrecognition ~~recognized~~are recorded as unearned revenue.

~~Foreign~~The ~~Currency~~Company ~~Translation~~grants perpetual access to platform usage to certain customers. Revenue and ~~Comprehensive~~commission ~~Income~~costs ~~(Loss)~~relating to such licenses are recorded over a 5-year estimated turnover period based on the Company's historical experience of customers’ activity.

~~The~~Deferred ~~functional~~Revenue ~~currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets~~ and ~~liabilities~~Prepaid ~~are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period.~~Commission

~~Translation~~HSJ ~~adjustments~~provides ~~arising~~platform-hosting ~~from~~services ~~the~~to ~~use~~end ofusers ~~different~~which ~~exchange~~advertise ~~rates~~their ~~from~~products ~~period~~on toits ~~period~~website. The end users are ~~included~~solicited asthrough aindependent ~~component~~sales ofagents. ~~stockholders~~The agents solicit end customers at their designated territories to advertise end customers’ ~~equity~~products ason ~~“Accumulated~~HSJ’s ~~other~~website ~~comprehensive~~for ~~income”~~a fee determined by the sales agents. ~~Gains~~The sales agents are HSJ’s customers and ~~losses~~they ~~resulting~~pay ~~from~~a ~~foreign~~fee ~~currency~~to ~~transactions~~HSJ. However, the fees paid by the agents to HSJ are ~~included~~not indetermined ~~income~~by reference to the fees they receive from end users. Some ~~There~~agents ~~has~~make ~~been~~periodic nopayments ~~significant~~for ~~fluctuation~~the inperiods they use the ~~exchange~~HSJ’s ~~rate~~platform ~~for~~service; some pay the ~~conversion~~entire fees at once, at the outset of ~~RMB~~the torelationship; ~~USD~~and ~~after~~others pay the ~~balance~~entire ~~sheet~~fee ~~date~~over five years. These fees are HSJ’s main revenue source. Fee received is recorded as deferred revenue and amortized over a period of five years.

The Companies uses FASB ASC Topic 220, “Comprehensive Income”. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.14

~~Segment~~Certain ~~Reporting~~agents get the right to use the platform for an agreed upon period and pay in installments over five years, even though their use right might be greater than five years. Lump sum payers and some payers which pay over five years are given the right to use the system in perpetuity assuming all amounts are paid. HSJ provides rebates in the form of cash or points credit to sales agents ranging from 20% - 30% of the platform-usage fee. Such rebates are treated similar to sales commissions. HSJ paid commissions when fees are received from agents are recorded as prepaid commission; such prepaid commission is expensed when the corresponding revenue is recognized.

~~SFAS~~Foreign ~~No.~~Currency ~~131,~~Translation ~~“Disclosures about Segments of an Enterprise~~ and ~~Related~~Comprehensive ~~Information”~~Income requires use of the “management approach” model for segment reporting, codified in FASB ASC Topic 280. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.(Loss)

The ~~Company~~functional ~~has~~currency ~~three~~is ~~operating~~the ~~segments:~~Renminbi 1(“RMB”). ~~providing~~For ~~Internet~~financial ~~platform~~reporting ~~services;~~purposes, 2)RMB ~~on-line~~were ~~and~~translated ~~physical~~into ~~stores~~United toStates ~~sell~~Dollars ~~featured~~(“USD” ~~products~~or ~~labeled with UKT trademark, and 3~~“$”) ~~providing~~as ~~advertising-supported website and magazine to publicize~~ the ~~information~~reporting ~~and~~currency. ~~news~~Assets ~~regarding urban~~ and ~~rural~~liabilities ~~areas attract advertising source income. These operating segments were determined based on the nature of the products offered or services provided. Operating segments~~ are ~~defined~~translated asat ~~components of an enterprise about which separate financial information is available that is evaluated regularly by~~ the ~~chief~~exchange ~~operating~~rate ~~decision-maker~~ in ~~deciding~~effect ~~how~~at tothe ~~allocate~~balance ~~resources~~sheet ~~and in assessing performance~~date. ~~The~~ ~~Company’s~~Revenues ~~chief~~and ~~operating~~expenses ~~decision~~are ~~makers~~translated ~~direct~~at the ~~allocation~~average rate of ~~resources~~exchange toprevailing ~~operating~~during ~~segments based on~~ the ~~profitability,~~reporting ~~cash flows, and other measurement factors of each respective segment~~period.

~~New~~Translation ~~Accounting~~adjustments ~~Pronouncements~~ arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income. There has been no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date.

InThe ~~February~~Companies ~~2015,~~uses ~~the~~ FASB ~~issued~~ASC ~~ASU~~Topic ~~2015-02~~220, “~~Consolidation~~Comprehensive ~~(Topic 810) - Amendments to the Consolidation Analysis~~Income”,. Comprehensive ~~which~~income ~~provides~~is ~~guidance~~comprised ~~for~~of ~~reporting~~net ~~entities~~income ~~that~~and ~~are required to evaluate whether they should consolidate certain legal entities. In accordance with ASU 2015-02,~~ all ~~legal~~changes ~~entities are subject~~ to ~~reevaluation under~~ the ~~revised~~statements ~~consolidation~~of ~~model.~~stockholders’ ~~ASU 2015-02 is effective for public business entities for annual periods~~equity, ~~and~~except ~~interim periods within~~ those ~~annual~~due ~~periods,~~to ~~beginning~~investments ~~after~~by ~~December 15~~stockholders, ~~2015.~~changes ~~Early~~in ~~adoption~~paid-in iscapital ~~permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position~~ and ~~results~~distributions ofto ~~operations~~stockholders.

12Segment Reporting

~~The~~SFAS ~~FASB issued ASU~~ No. ~~2014-12~~131, ~~Compensation~~“Disclosures -about ~~Stock~~Segments ~~Compensation (ASC Topic 718): Accounting for Share-Based Payments When the Terms~~ of an ~~Award~~Enterprise ~~Provide~~and ~~That~~Related aInformation” ~~Performance Target Could Be achieved after the Requisite Service Period. This ASU~~ requires ~~that~~use aof ~~performance target that affects vesting, and that could be achieved after~~ the ~~requisite~~“management ~~service~~approach” ~~period,~~model befor ~~treated~~segment ~~as a performance condition. As such~~reporting, ~~the~~codified ~~performance target should not be reflected~~ in ~~estimating~~FASB ~~the~~ASC ~~grant~~Topic ~~date FV of the award~~280. The ~~This~~management ~~update~~approach model ~~further~~is ~~clarifies~~based ~~that~~on ~~compensation cost should be recognized in~~ the ~~period~~way ina ~~which~~company’s itmanagement ~~becomes~~organizes ~~probable~~segments ~~that~~within the ~~performance~~company ~~target~~for ~~will~~making beoperating ~~achieved~~decisions and ~~should~~assessing ~~represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered~~performance. Reportable ~~The~~segments ~~amendments in this ASU~~ are ~~effective~~based ~~for~~on ~~annual~~products ~~periods~~ and ~~interim~~services, ~~periods~~geography, ~~within~~legal ~~those~~structure, ~~annual~~management ~~periods beginning after December 15~~structure, ~~2015.~~or ~~Earlier~~any ~~adoption~~other ismanner ~~permitted.~~in ~~The~~which ~~adoption~~management ofdisaggregates ~~this standard is not expected to have~~ a ~~material impact on the Company’s consolidated financial position and results of operations~~company.

The ~~FASB~~Company ~~issued~~has ~~ASU~~three ~~No.~~operating ~~2014-09,~~segments: ~~Revenue~~1) ~~from~~providing ~~Contracts~~Internet ~~with~~platform ~~Customers.~~services; ~~This~~2) ~~ASU~~on-line ~~supersedes~~and ~~the~~physical ~~revenue~~stores ~~recognition~~to ~~requirements~~sell infeatured ~~Accounting~~products ~~Standards~~labeled ~~Codification~~with ~~605~~UKT -trademark, ~~Revenue Recognition~~ and ~~most~~3) ~~industry~~providing advertising-~~specific~~supported ~~guidance~~website ~~throughout~~and ~~the~~magazine ~~Codification.~~to ~~The~~publicize ~~standard~~the ~~requires~~information anand ~~entity~~news ~~recognize~~regarding ~~revenue~~urban toand ~~depict~~rural ~~the~~areas ~~transfer~~attract ofadvertising ~~promised~~source ~~goods~~income. orThese ~~services~~operating tosegments ~~customers~~were indetermined anbased ~~amount~~on ~~that reflects~~ the ~~consideration~~nature toof ~~which~~ the ~~entity~~products ~~expects~~offered ~~to be entitled for those goods~~ or services provided. Operating ~~This~~segments ~~ASU~~are isdefined ~~effective~~as oncomponents ~~January~~of 1,an ~~2017~~enterprise ~~and~~about ~~should~~which beseparate ~~applied~~financial ~~retrospectively~~information tois ~~each~~available ~~prior~~that ~~reporting~~is ~~period~~evaluated ~~presented~~regularly orby ~~retrospectively with~~ the ~~cumulative~~chief ~~effect~~operating ofdecision-maker ~~initially~~in ~~applying~~deciding ~~the~~how ~~ASU~~to ~~recognized~~allocate atresources ~~the~~and ~~date~~in ofassessing ~~initial application~~performance. The ~~adoption~~Company’s ofchief ~~this~~operating ~~standard~~decision ismakers ~~not~~direct ~~expected~~the toallocation ~~have~~of aresources ~~material~~to ~~impact~~operating segments based on the ~~Company’s~~profitability, ~~consolidated~~cash ~~financial~~flows, ~~position~~ and ~~results~~other measurement factors of ~~operations~~each respective segment.

InNew ~~August~~Accounting 2014, the FASB issued Presentation of Financial Statements — Going Concern. This standard requires management to evaluate for each annual and interim reporting period whether it is probable that the reporting entity will not be able to meet its obligations as they become due within one year after the date that the financial statements are issued. If the entity is in such a position, the standard provides for certain disclosures depending on whether or not the entity will be able to successfully mitigate its going concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on the disclosures related to its consolidated financial position and results of operations.Pronouncements

~~Item~~In 3August 2014, the FASB issued Presentation of Financial Statements — Going Concern. ~~Quantitative~~This standard requires management to evaluate for each annual and ~~Qualitative~~interim ~~Disclosures~~reporting ~~About~~period ~~Market~~whether ~~Risk~~it is probable that the reporting entity will not be able to meet its obligations as they become due within one year after the date that the financial statements are issued. If the entity is in such a position, the standard provides for certain disclosures depending on whether or not the entity will be able to successfully mitigate its going concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows.

~~Not required.~~15

~~Item~~The 4Financial Accounting Standards Board ("FASB") has issued Accounting Standards Update ("ASU") No. ~~Controls~~2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605 - Revenue Recognition and ~~Procedures~~most industry-specific guidance throughout the Codification. The standard requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective on January 1, 2017 and should be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period. The Company is in the process of evaluating the impact of adoption of this guidance on the consolidated financial statements.

~~Evaluation~~The FASB has issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of ~~Disclosure~~an ~~Controls~~Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This ASU requires that a performance target that affects vesting, and ~~Procedures~~that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial position and results of operations.

~~Management~~In ofFebruary ~~Bison Petroleum~~2015, ~~Corp.~~the isFASB ~~responsible~~issued ~~for~~ASU ~~maintaining~~2015-02, ~~disclosure~~“Consolidation ~~controls~~(Topic ~~and~~810) ~~procedures~~- ~~that~~Amendments ~~are designed~~ to ~~ensure~~the ~~that~~Consolidation ~~information~~Analysis”, ~~required~~which toprovides beguidance ~~disclosed~~for inreporting ~~the~~entities ~~reports~~ that ~~the~~are ~~Company~~required ~~files~~to orevaluate ~~submits~~whether ~~under~~they ~~the~~should ~~Securities~~consolidate ~~Exchange~~certain ~~Act~~legal ofentities. ~~1934~~In ~~(the~~accordance ~~“Exchange~~with ~~Act”)~~ASU ~~is recorded~~2015-02, ~~processed,~~all ~~summarized~~legal ~~and~~entities ~~reported~~are ~~within~~subject ~~the~~to ~~time~~reevaluation ~~periods~~under ~~specified in~~ the ~~Securities~~revised ~~and~~consolidation ~~Exchange Commission’s rules and forms~~model. InASU ~~addition,~~2015-02 ~~the~~is ~~disclosure~~effective ~~controls~~for ~~and~~public ~~procedures~~business ~~must~~entities ~~ensure~~for ~~that~~annual ~~such~~periods, ~~information is accumulated~~ and ~~communicated~~interim toperiods ~~the~~within ~~Company’s~~those ~~management~~annual periods, ~~including~~beginning ~~its~~after ~~Chief~~December ~~Executive Officer and Chief Financial Officer~~15, as2015. ~~appropriate,~~Early toadoption ~~allow~~is ~~timely decisions regarding required financial and other required disclosures~~permitted. In ~~designing~~The ~~and~~Company ~~evaluating~~does ~~the~~not ~~disclosure~~anticipate ~~controls and procedures, our management recognized~~ that ~~any~~this ~~controls~~adoption ~~and~~will ~~procedures,~~have noa ~~matter~~significant ~~how~~impact ~~well~~on ~~designed~~its ~~and~~consolidated ~~operated~~financial position, ~~can~~results ~~provide only reasonable assurance~~ of ~~achieving~~operations, ~~the~~or ~~desired~~cash ~~control objectives~~flows. In

13In July 2015, the FASB issued ASU 2015-11, Inventory, which requires an entity to measure inventory within the scope at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The effective date for the standard is for fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows.

addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. 16

AtIn ~~the~~September ~~end~~2015, of the ~~period~~FASB ~~covered~~issued byASU ~~this~~No. ~~report~~2015-16, anBusiness ~~evaluation~~Combinations of(Topic 805): Simplifying the ~~effectiveness~~Accounting offor ~~our~~Measurement-Period ~~disclosure~~Adjustments. ~~controls~~To ~~and~~simplify ~~procedures~~the ~~(as~~accounting ~~defined~~for inadjustments ~~Rules~~made ~~13(a)-15(e)~~to ~~and~~provisional ~~15(d)-15(e)~~amounts ofrecognized ~~the~~in ~~Securities~~a ~~Exchange~~business ~~Act~~combination, ofthe ~~1934~~amendments (eliminate the ~~“Exchange~~requirement ~~Act”))~~to ~~was~~retrospectively ~~carried~~account ~~out~~for ~~under~~those ~~the~~adjustments. ~~supervision~~For ~~and~~public ~~with~~business entities, the ~~participation~~amendments ofare ~~our~~effective ~~Chief~~for ~~Executive~~fiscal ~~Officer~~years ~~and~~beginning ~~Chief~~after ~~Financial~~December ~~Officer.~~15, ~~Based~~2015, onincluding ~~their~~interim ~~evaluation~~periods ofwithin ~~our~~those ~~disclosure~~fiscal ~~controls~~years. ~~and~~For ~~procedures~~all other entities, ~~they~~the ~~concluded~~amendments ~~that~~in ~~during~~this ~~the~~update ~~period~~are ~~covered~~effective byfor ~~this~~fiscal ~~report,~~years ~~such~~beginning ~~disclosure~~after ~~controls~~December 15, 2016, and ~~procedures~~interim ~~were~~periods ~~not~~within ~~effective.~~fiscal ~~This~~years ~~was~~beginning ~~due~~after toDecember ~~our~~15, ~~status~~2017. asThe aamendments ~~shell~~should ~~company~~be ~~and~~applied ~~our~~prospectively ~~limited~~to ~~resources,~~adjustments ~~including~~to ~~the~~provisional ~~absence~~amounts ofthat aoccur ~~financial~~after ~~staff~~the effective date with ~~accounting~~earlier ~~and~~application permitted for financial ~~expertise~~statements ~~and~~that ~~deficiencies~~have innot ~~the~~been ~~design~~issued. orThe ~~operation~~Company ofdoes ~~our~~not ~~internal~~anticipate ~~control~~that ~~over~~this ~~financial~~adoption ~~reporting~~will ~~that~~have ~~adversely~~a ~~affected~~significant ~~our~~impact ~~disclosure~~on ~~controls~~its ~~and~~consolidated ~~that~~financial ~~may~~position, beresults ~~considered~~of tooperations, beor ~~“material~~cash ~~weaknesses~~flows.”

OnItem ~~May 13, 2015, we, then a public shell company, acquired Yinhang Internet Technologies Development, Inc~~3. Quantitative ~~(“Yinhang”), in a transaction treated as a reverse acquisition. At such time we adopted the system of disclosure controls~~ and ~~procedures~~Qualitative ofDisclosures ~~the~~About ~~affiliated~~Market ~~variable interest entities of Yinhang as ours~~Risk. ~~Such disclosure controls and procedures were not adequate for a public reporting company and our management began the process of upgrading our disclosure controls and procedures.~~

WeNot plan to designate individuals responsible for identifying reportable developments and to implement procedures designed to remediate the material weakness by focusing additional attention and resources in our internal accounting functionsrequired. However, the material weakness will not be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

WeItem plan to designate individuals responsible for identifying reportable developments and to implement procedures designed to remediate the material weakness by focusing additional attention and resources in our internal accounting functions4. Controls ~~However, the material weakness will not be considered remediated until the applicable remedial controls operate for a sufficient period of time~~ and ~~management has concluded, through testing, that these controls are operating effectively~~Procedures.

~~Changes~~Evaluation inof ~~Internal~~Disclosure ~~Control~~Controls ~~over~~and ~~Financial Reporting~~ Procedures

~~There~~Management. ~~have~~is ~~not~~responsible ~~been~~for ~~any~~maintaining ~~changes~~disclosure incontrols ~~our~~and ~~internal~~procedures ~~control~~that ~~over~~are ~~financial~~designed ~~reporting~~to ~~(as~~ensure ~~such~~that ~~term~~information isrequired ~~defined~~to be disclosed in ~~Rules~~the ~~13a-15(f)~~reports that the Company files or ~~15d-15(f)~~submits under the Exchange Act) ~~during~~is ~~our~~recorded, ~~most~~processed, ~~recently~~summarized ~~completed~~and ~~fiscal~~reported ~~quarter~~within ~~which~~the istime periods specified in the ~~subject~~Securities ofand ~~this~~Exchange ~~report~~Commission’s rules and forms. In addition, the disclosure controls and procedures must ensure that ~~have~~such ~~materially~~information ~~affected~~is accumulated and communicated to the Company’s management, orincluding ~~are~~its ~~reasonably~~Chief ~~likely~~Executive Officer and Chief Financial Officer, as appropriate, to ~~materially~~allow ~~affect~~timely decisions regarding required financial and other required disclosures. In designing and evaluating the disclosure controls and procedures, our ~~internal~~management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control ~~over~~objectives. In ~~financial~~addition, ~~reporting~~the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

~~There~~At ~~are~~the ~~inherent~~end ~~limitations in any system~~ of ~~internal~~the ~~control.~~period Acovered ~~control~~by ~~system~~this report, noan ~~matter~~evaluation ~~how~~of ~~well~~the ~~designed~~effectiveness ~~and~~of ~~operated,~~our ~~can~~disclosure ~~provide~~controls ~~only~~and ~~reasonable,~~procedures ~~not~~(as ~~absolute,~~defined ~~assurance~~in ~~that~~Rules ~~its~~13(a)-15(e) ~~objectives~~and ~~are~~15(d)-15(e) ~~met.~~of ~~Further,~~ the ~~design~~Securities Exchange Act of a1934 ~~control~~(the ~~system~~“Exchange ~~must~~Act”)) ~~consider~~was ~~that~~carried ~~resources~~out ~~are~~under ~~not~~the ~~unlimited~~supervision and with the ~~benefits~~participation of ~~controls~~our ~~must~~Chief beExecutive ~~considered~~Officer ~~relative~~and toChief ~~their~~Financial ~~costs~~Officer. ~~Because~~Based ofon ~~the~~their ~~inherent limitations in all control systems, no~~ evaluation of our disclosure controls ~~can~~and ~~provide~~procedures, ~~absolute~~they ~~assurance~~concluded that ~~all~~during ~~control~~the ~~issues~~period ~~and~~covered ~~instances~~by ofthis ~~fraud~~report, ifsuch ~~any,~~disclosure ~~within~~controls ~~the~~and ~~company~~procedures ~~have~~were ~~been~~not ~~detected~~effective. ~~These~~This ~~inherent~~was ~~limitations~~due ~~include~~to ~~the~~our ~~realities~~limited ~~that~~resources, ~~judgment~~including inthe ~~decision-making~~absence ~~can~~of bea ~~faulty,~~financial ~~and~~staff ~~that~~with ~~breakdowns~~accounting ~~can~~and ~~occur~~financial ~~because~~expertise ofand ~~simple~~deficiencies ~~error~~in orthe ~~mistake.~~design ~~Additionally,~~or ~~controls~~operation ~~can~~of beour ~~circumvented~~internal bycontrol ~~the~~over ~~individual~~financial ~~acts~~reporting ofthat ~~some~~adversely ~~persons,~~affected byour ~~collusion~~disclosure ofcontrols ~~two~~and orthat ~~more~~may ~~people,~~be orconsidered byto ~~management~~be ~~override~~“material ~~of the controls~~weaknesses.”

14On May 13, 2015, we, then a public shell company, acquired Yinhang Internet Technologies Development, Inc. (“Yinhang US”), a privately owned company, in a transaction treated as a reverse acquisition. At such time we adopted the system of disclosure controls and procedures of the affiliated variable interest entities of Yinhang US as ours. Such disclosure controls and procedures were not adequate for a public reporting company and our management began the process of upgrading our disclosure controls and procedures.

~~PART II - OTHER INFORMATION~~17

~~Item~~We 1Aplan to designate individuals responsible for identifying reportable developments and to implement procedures designed to remediate the material weakness by focusing additional attention and resources in our internal accounting functions. ~~Risk~~However, ~~Factors~~the material weakness will not be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

~~The~~There ~~purchase~~are ofinherent ~~our~~limitations ~~common~~in ~~stock~~any ~~involves~~system ~~a high degree~~ of ~~risk~~internal control. ~~Before you~~A ~~invest~~control ~~you~~system, ~~should~~no ~~carefully~~matter ~~consider~~how ~~the~~well ~~risks~~designed and ~~uncertainties~~operated, ~~described under~~can ~~the~~provide ~~heading~~only ~~“Risk~~reasonable, ~~Factors”~~not inabsolute, ~~Item~~assurance ~~2.01~~that ofits ~~our~~objectives ~~Current~~are ~~Report~~met. onFurther, ~~Form~~the ~~8-K/A~~design ~~filed~~of ona ~~August~~control 5,system ~~2015~~must ~~(the~~consider ~~“Form~~that ~~8-K/A”)~~resources ~~and~~are ~~“Management's~~not ~~Discussion~~unlimited and ~~Analysis~~the benefits of ~~Financial~~controls ~~Condition~~must ~~and~~be ~~Results~~considered relative to their costs. Because of ~~Operations” set forth~~the inherent limitations in ~~Item~~all 2control ofsystems, ~~Part~~no Ievaluation of ~~this~~controls ~~report~~can ~~and~~provide ~~our~~absolute ~~consolidated~~assurance ~~financial~~that ~~statements~~ all control issues and ~~related~~instances ~~notes~~of ~~included~~fraud, if any, within the company have been detected. These inherent limitations include the realities that judgment in ~~Item~~decision-making 1can ofbe ~~Part~~faulty, Iand that breakdowns can occur because of ~~this~~simple ~~report~~error or mistake. ~~Readers~~Additionally, ~~should~~controls ~~carefully~~can ~~review~~be ~~those~~circumvented ~~risks,~~by ~~as well~~the asindividual ~~additional~~acts ~~risks~~of ~~described~~some inpersons, ~~other~~by ~~documents~~collusion weof ~~file~~two ~~from~~or ~~time~~more topeople, ~~time~~or ~~with~~by ~~the~~management ~~Securities~~override ~~and~~of ~~Exchange~~the ~~Commission~~controls.

~~Except~~Changes ~~as otherwise disclosed~~ in ~~“Management's Discussion~~Internal ~~and~~Control ~~Analysis~~over of Financial Condition and Results of Operations” set forth in Item 2 of Part I of this report and our consolidated financial statements and related notes included in Item 1 of Part I of this report, there have been no material changes in the risk factors previously disclosed in the Form 8-K/A.Reporting

~~Item~~There 6.have ~~Exhibits~~not been any changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) or 15d-15(f) under the Exchange Act) during our most recently completed fiscal quarter which is the subject of this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

31.1		Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.
31.2		Certification of the Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.
32.1		Certification of the Principal Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certification of the Principal Financial Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema
101.CAL		XBRL Taxonomy Extension Calculation
101.DEF		XBRL Taxonomy Extension Definition
101.LAB		XBRL Taxonomy Extension Label
101.PRE		XBRL Taxonomy Extension Presentation

15PART II - OTHER INFORMATION

~~SIGNATURES~~Item 1A. Risk Factors.

~~Pursuant~~The topurchase ~~the~~of ~~requirements~~our common stock involves a high degree of risk. Before you invest you should carefully consider the ~~Securities~~risks ~~Exchange~~and ~~Act~~uncertainties described under the heading “Risk Factors” in Item 2.01 of ~~1934~~our Current Report on Form 8-K/A filed on August 5, 2015 (the ~~Registrant~~“Form ~~has~~8-K/A”) ~~duly~~and ~~caused~~“Management's Discussion and Analysis of Financial Condition and Results of Operations” set forth in Item 2 of Part I of this report toand beour ~~signed~~consolidated onfinancial ~~its~~statements and ~~behalf~~related bynotes included in Item 1 of Part I of this report. Readers should carefully review those risks, as well as additional risks described in other documents we file from time to time with the ~~undersigned~~Securities ~~thereunto~~and ~~duly~~Exchange ~~authorized~~Commission.

	Bison Petroleum, Corp.
Date: August 14, 2015	By:	/s/ Yahong Zhao
		Yahong Zhao Chief Executive Officer (Principal Executive Officer
	By:	/s/ Changqing Liu
		Changqing Liu Chief Financial Officer (Principal Financial Officer)

Except as otherwise disclosed in “Management's Discussion and Analysis of Financial Condition and Results of Operations” set forth in Item 2 of Part I of this report and our consolidated financial statements and related notes included in Item 1 of Part I of this report, there have been no material changes in the risk factors previously disclosed in the Form 8-K/A.

16Item 6. Exhibits.

31.1		Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.
31.2		Certification of the Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.
32.1		Certification of the Principal Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certification of the Principal Financial Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema
101.CAL		XBRL Taxonomy Extension Calculation
101.DEF		XBRL Taxonomy Extension Definition
101.LAB		XBRL Taxonomy Extension Label
101.PRE		XBRL Taxonomy Extension Presentation

SIGNATURES

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

	Yinhang Internet Technologies Development, Inc.

Date: November 20, 2015	By:	/s/ Yahong Zhao
		Yahong Zhao Chief Executive Officer (Principal Executive Officer


	By:	/s/ Changqing Liu
		Changqing Liu Chief Financial Officer (Principal Financial Officer)

Filing Compare · Yinhang Internet Technologies Development, Inc.