UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September 30~~March 31, ~~2017~~2018

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

For the transition period from ___________________________ to ___________________________

Commission file number 333-197056

~~Spirit~~JIUCAITONG ~~International,~~GROUP ~~Inc.~~LIMITED (Exact name of registrant as specified in its charter)

Nevada

38-3926700

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

2620 Regatta Drive, Suite 102, Las Vegas, NV	89128
56 Jianguo Rd, Chaoyang Qu, Beijing, China		100020
(Address of principal executive offices)	~~(Zip Code)~~	(Zip Code)

Registrant’s telephone number, including area code ~~(702)~~+86 ~~359~~001 400-~~0881~~004-8181

(Former name, former address and former fiscal year, if changed since last report)

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

☐Indicate by ~~Yes~~check ☐ mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-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 þ No ☐

Indicate by check mark whether the registrant ~~has~~ ~~submitted~~is ~~electronically~~a ~~and~~large ~~posted~~accelerated onfiler, ~~its~~an ~~corporate~~accelerated ~~Website~~filer, ifa ~~any~~non-accelerated filer, ~~every~~a ~~Interactive~~smaller ~~Data File required to be submitted~~reporting ~~and~~company ~~posted~~or ~~pursuant~~an toemerging ~~Rule~~growth ~~405 of Regulation S-T (§ 232~~company.~~405~~ See ~~of this chapter) during~~ the ~~preceding~~definitions 12of ~~months~~“large ~~(or~~accelerated ~~for~~filer,” ~~such~~“accelerated ~~shorter~~filer”, ~~period~~“smaller ~~that~~reporting ~~the~~company” ~~registrant~~and ~~was~~“emerging ~~required~~growth tocompany” ~~submit~~in ~~and~~Rule ~~post~~12b-2 ~~such~~of ~~files)~~the Exchange Act.

Large accelerated filer ☐ ~~Yes~~Accelerated filer ☐ NoNon-accelerated filer ☐ Smaller reporting company þ (Do not check if smaller reporting company) Emerging growth company þ

~~Indicate~~If an emerging growth company, indicate by check mark ~~whether~~if the registrant is ahas ~~large~~elected ~~accelerated~~not ~~filer,~~to anuse ~~accelerated~~the ~~filer,~~extended atransition ~~non-accelerated~~period ~~filer,~~for complying orwith aany ~~smaller~~new ~~reporting~~or ~~company.~~revised ~~See~~financial ~~the~~accounting ~~definitions of~~standards ~~“large~~provided ~~accelerated~~pursuant ~~filer,”~~to ~~“accelerated~~Section ~~filer”~~13(a) ~~and “smaller reporting company” in Rule 12b-2~~ of the Exchange Act. ☐

~~Large~~Indicate by ~~accelerated~~check ~~filer~~mark ☐whether ~~Accelerated~~the ~~filer~~registrant ☐is ~~Non-accelerated~~a ~~filer~~shell ☐company (Doas ~~not~~defined ~~check~~in ifRule a12b-2 ~~smaller~~of ~~reporting~~the ~~company)~~Exchange ~~Smaller reporting company~~ Act). Yes ☐ No þ

Indicate the bynumber ~~check~~of ~~mark~~shares ~~whether~~outstanding ~~the~~of ~~registrant is~~each aof ~~shell~~the ~~company~~registrant’s ~~(as~~classes ~~defined~~of incommon ~~Rule~~stock, ~~12b-2~~as of the ~~Act).~~latest ☐practicable ~~Yes ☐ No~~date.

As of ~~September~~May 3015, ~~2017~~2018, ~~the Registrant has 5~~9,110,000 ordinary shares of ~~common~~the ~~stock~~registrant were issued and outstanding.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION 1 ITEM 1. FINANCIAL STATEMENTS 1 BALANCE SHEETS 21 STATEMENTS OF OPERATIONS 32 STATEMENTS OF CASH FLOWS 43 NOTES TO FINANCIAL STATEMENTS ~~5-11~~4 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ~~9-12~~18 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 1230 ITEM 4. CONTROLS AND PROCEDURES 1230 PART II – OTHER INFORMATION 1331 ITEM 1. LEGAL PROCEEDINGS 1331 ITEM 1A. RISK FACTORS 1331 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 1331 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 1331 ITEM 4. MINE SAFETY DISCLOSURES 1331 ITEM 5. OTHER INFORMATION 1331 ITEM 6. EXHIBITS 1331 SIGNATURES 1432

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

~~SPIRIT~~Jiucaitong ~~INTERNATIONAL~~Group ~~INC INTERIM FINANCIAL STATEMENTS (unaudited) for the six months ended June 30, 2017~~Limited

CONTENTS:
Balance Sheets as of June 30, 2017 (unaudited) and December 31, 2016	F-2
Statement of Operations for the three and six months ended June 30, 2017 and 2016 (unaudited)	F-3
Statements of Cash Flows for the six months ended June 30, 2017 and 2016 (unaudited)	F-4
Notes to the interim Financial Statements (unaudited)	F-5

Condensed Consolidated Balance Sheets

~~SPIRIT~~(Stated ~~INTERNATIONAL,~~in ~~INC~~US Dollars)

BALANCE SHEETS

	March 31,			December 31,
	2018			2017
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	2,405,949		$	1,941,150
Restricted cash		190,837			184,437
Accounts receivable		21,010			522
Other receivable		84,104			19,327
Prepaid expenses		-			32,298
Advances to suppliers		19,958			49,672
Due from related parties		172,156			75,301
Total current assets		2,894,014			2,302,707

Non-current assets
Security Deposit		75,170			72,649
Property, plant and equipment, net		27,318			35,333
Total non-current assets		102,488			107,982

Total assets	$	2,996,502		$	2,410,689

LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Current liabilities
Accrued liabilities	$	19,271		$	-
Other payable		279,802			133,093
Due to related parties		16,551			23,682
Advance from customers		249,847			114,191
VAT payable		104,881			195,308
Total current liabilities		670,352			466,274

Total liabilities		670,352			466,274

Commitments and contingencies

STOCKHOLDERS’ EQUITY
Common Stock, $0.0001 par value, 75,000,000 shares authorized; 9,110,000 and 9,110,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively		911			911
Additional paid-in capital		4,358,269			4,358,269
Accumulated deficit		(904,791	)		(1,214,945	)
Accumulated other comprehensive loss		(1,128,239	)		(1,199,820	)
Total stockholders’ equity		2,326,150			1,944,415
Total liabilities and stockholders’ equity	$	2,996,502		$	2,410,689

~~(in~~The ~~U.S.~~accompanying ~~Dollars)~~notes are an integral part of these unaudited condensed consolidated financial statements.

ASSETS	September 30, 2017			December 31, 2016
	(Unaudited)			(Audited)
	$			$
Current Assets:
Cash and cash equivalents		8,958			10,459
Accounts receivable		—			2,500
TOTAL ASSETS		8,958			12,959
LIABILITIES AND STOCKHOLDER’S DEFICIT
Current liabilities:
Accounts payable and accrued liabilities		8,633			8,000
Loan from related party		42,502			42,037
Total Liabilities		51,135			50,037
Stockholder’s Deficit
Common stock, $0.0001 par value, 75,000,000 shares authorized; 5,110,000 and 8,110,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016		500			811
Paid in capital		22,089			21,789
Accumulated deficit		(64,777	)		(59,678	)
Total Stockholder’s Deficit		(42,177	)		(37,078	)
TOTAL LIABILITIES AND STOCKHOLDER’S DEFICIT		8,958			12,959

~~The~~Jiucaitong ~~accompanying~~Group ~~notes are an integral part of these financial statements.~~Limited

Condensed Consolidated Statements of Operations and Comprehensive Income

(Stated in US Dollars)

(Unaudited)

	For the			For the
	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2018			2017
Revenue	$	772,014		$	295,593

Operating expenses:
Selling expenses		31,605			30,750
General and administrative expenses		407,134			266,934
Total operating expenses		438,739			297,684

Income (loss) from operations		333,275			(2,091	)

Other income (expense):
Other income		16,639			21,499
Other expense		(54,059	)		(1,628	)
Gain from extinguishment of liability		14,299			-
Total other income (expense), net		(23,121	)		19,871

Income before provision for income taxes		310,154			17,780

Provision for income tax expense		-			-

Net income	$	310,154		$	17,780

Comprehensive Income:

Net income	$	310,154		$	17,780

Foreign currency translation adjustment		71,581			133,780

Comprehensive income	$	381,735		$	151,560

Earnings per common share – basic and diluted	$	0.03		$	0.00

Weighted average number of common shares outstanding – basic and diluted		9,110,000			8,000,000

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

~~SPIRIT~~Jiucaitong ~~INTERNATIONAL,~~Group ~~INC~~Limited

~~STATEMENTS~~Condensed OFConsolidated ~~OPERATIONS~~Statements of Cash Flows

(Stated in ~~U.S.~~US Dollars)

(Unaudited)

	Three Months period Ended September 30,						Nine Months period Ended September 30,
	For the			For the
	2017			2016			2017			2016
	Three Months Ended			Three Months Ended
Revenue		12,000			2,000			15,600			9,000
	March 31,			March 31,
Cost of sales		—			—			—			—
	2018			2017
Gross profit		12,000			2,000			15,600			9,000
Cash flows from operating activities:
General and administrative:-
Net income	$	310,154		$	17,780
Professional fees
Adjustments to reconcile net income to net cash used in operating activities:
Auditors’ fees		2,500			2,000			5,500			12,000
Depreciation expenses		9,120			13,910
Legal fees		1,500			—			7,000			2,000
Gain from extinguishment of liability		(14,299	)		-
Set up fees		2,500			—			2,500
Changes in operating assets and liabilities:
Tax preparation		900			—			900
Accounts receivable		(20,202	)		-
Filling fees		2,073			689			4,409			3,022
Other receivables		(63,268	)		1,374
Other costs		90			90			390			415
Prepaid expense		32,982			-
Total operating expenses		(9,563	)		(2,779	)		(20,699	)		(17,437	)
Advances to suppliers		31,027			-
Net loss		2,437			(779	)		(5,099	)		(8,437	)
Security Deposit		-			-
Net loss per common share - basic and diluted:
Due from related parties		(93,011	)		(339,256	)
Net loss per share attributable to common stockholders		—			—			—			—
Due to related parties		-			3,660
Weighted-average number of common shares outstanding		5,110,000			5,000,000			6,879,231			5,000,000
Advance from customers		129,971			(22,562	)
Accrued liabilities		19,019			(117	)
Other payables		154,532			24,880
VAT payable		(95,933	)		17,870
Net cash provided by (used in) operating activities		400,092			(282,461	)
Cash flows from investing activities:
Working capital advances to related parties		-			(9,165,199	)
Repayments from related parties		-			6,407,007
Net cash used in investing activities		-			(2,758,192	)
Cash flows from financing activities:
Working capital advances from related parties		-			3,546,849
Repayments		(7,848	)		-
Net cash (used in) provided by financing activities		(7,848	)		3,546,849
Effect of exchange rate change on cash		72,555			(412	)
Net change in cash and cash equivalents		464,799			505,784
Cash and cash equivalents - beginning of period		1,941,150			12,924
Cash and cash equivalents - end of period	$	2,405,949		$	518,708
Supplemental disclosure of cash flow information
Interest paid	$	-		$	-
Income tax paid	$	-		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

~~SPIRIT~~Jiucaitong ~~INTERNATIONAL,~~Group ~~INC~~Limited

~~STATEMENT~~Notes OFto ~~CASH~~Condensed ~~FLOWS~~Consolidated Financial Statements

(in U.S. Dollars)

(Unaudited)

	Nine months Ended September 30, 2017			Nine months Ended September 30, 2016
	$			$
Cash Flows from Operating Activities
Net loss		(5,099	)		(8,437	)
Changes in operating assets and liabilities:
Accounts receivable		2,500			(2,000	)
Advances to suppliers		—			(500	)
Accounts payable and accrued liabilities		633			(2,000	)
Net cash used by operating activities		(1,966	)		(12,937	)
Cash Flows from Investing Activities		—			—
Cash Flows from Financing Activities
Short term borrowings - related party		465			16,540
Net cash used by operating activities		465			16,540
Increase/(Decrease) in cash and cash equivalents		(1,501	)		3,603
Cash and cash equivalents at beginning of the period		10,459			1,441
Cash and cash equivalents at end of the period		8,958			5,044

NOTE 1 - NATURE OF OPERATIONS

~~The~~Jiucaitong ~~accompanying~~Group ~~notes~~Limited ~~are~~and anSubsidiaries (“Jiucaitong” ~~integral~~or ~~part~~the “Company”), a Nevada Corporation (formerly Spirit International, Inc.), ofwas ~~these~~incorporated on March 10, 2014. Through Beijing Jiucheng Asset Management Co., Ltd. (“Beijing Jiucheng”), the Company operates its business through an electronic online financial ~~statements~~platform, www.9caitong.com (“website”). The Company generates revenue from the services that facilitate matching personal loan lender with individual and small and medium sized enterprises (“SME”) borrowers in China. Beijing Jiucheng was incorporated in Beijing, China on January 13, 2012 under the law of People’s Republic of China (“PRC” or “China”).

Reverse Merger

On August 1, 2017, Beijing Jiucheng IT Consulting Enterprise Co. Ltd. (“Jiucheng Consulting”), a wholly foreign-owned enterprise of I JIU JIU Limited (“I JIU JIU”), obtained the controlling interest of Beijing Jiucheng through a series of contractual arrangements including Equity Pledge Agreement, Exclusive Technical Consultancy and Services Agreement, Exclusive Call Option Agreement, Shareholder Proxy Agreement, and Operating Agreement (the “VIE Agreements”) wherein Beijing Jiucheng is considered as a variable interest entity (“VIE”).

On November 10, 2017, Jiucaitong, I JIU JIU Limited (“I JIU JIU”), the holding company of Ruixiang Technology Group,Ltd. (“Rui Xiang”), and the shareholders of I JIU JIU entered into the Share Exchange Agreement, which closed on the same date. Pursuant to the terms of the Share Exchange Agreement, Jiucaitong exchanged 8,000,000 shares of their common stock for all of the outstanding capital stock of I JIU JIU with the result that I JIU JIU became a wholly owned subsidiary of Jiucaitong.

Pursuant to the Merger, all of the issued and outstanding shares of I JIU JIU common stock were converted, at an exchange ratio of 160-for-1, into an aggregate of 8,000,000 shares of Spirit International Inc. common stock and I JIU JIU became a wholly owned subsidiary of Spirit International Inc. The holders of Spirit International Inc’s common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company’s majority shareholder, Kimho Consultants Company Limited, (“Kimho” or the “Majority Shareholder”) entered into a share cancellation agreement with I JIU JIU’s stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company’s Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU’s stockholders (“Share Cancellation”).

The accompanying financial statements share and per share information has been retroactively adjusted to reflect the exchange ratio in the Merger. Subsequent to the Merger, Spirit International Inc’s name was changed from “Spirit International, Inc.” to “Jiucaitong Group Limited.”.

Under generally accepted accounting principles in the United States, (“U.S. GAAP”) because I JIU JIU’s former stockholders received the greater portion of the voting rights in the combined entity and I JIU JIU’s senior management represents all of the senior management of the combined entity, the Merger was accounted for as a recapitalization effected by a share exchange, wherein I JIU JIU is considered the acquirer for accounting and financial reporting purposes. The assets and liabilities of I JIU JIU, its wholly-owned subsidiaries and Beijing Jiucheng have been brought forward at their book value and no goodwill has been recognized. Accordingly, the assets and liabilities and the historical operations that are reflected in the Company’s consolidated financial statements are those of I JIU JIU, its wholly-owned subsidiaries and Beijing Jiucheng and are recorded at their historical cost basis.

Unless otherwise indicated or the context otherwise requires, references to “the Company” refer to Jiucaitong Group Limited and Subsidiaries. Disclosures relating to the pre-merger business of I JIU JIU, unless noted as being the business of Spirit International, Inc., prior to the Merger, pertain to the business of I JIU JIU prior to the Merger.

~~SPIRIT~~NOTE 2 - BASIS OF PRESENTATION AND SUMMARY ~~INTERNATIONAL,~~OF ~~INC~~SIGNIFICANT ACCOUNTING POLICIES

NOTES TO THE INTERIM FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION

Spirit International, Inc. (the “Company”) is a Nevada Corporation incorporated on March 10, 2014. The Company plans to market a unique brand of Australian whiskey for export to Western Europe and the Middle East.

Basis of Presentation

The ~~Company~~ ~~maintains~~unaudited ~~its~~condensed ~~accounting~~consolidated ~~records~~financial statements onof anthe ~~accrual~~Company ~~basis~~have been prepared in accordance with generally accepted accounting principles in the United States of America. (“This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. ~~GAAP”)~~ dollars.

~~These~~In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The unaudited condensed consolidated financial statements ~~are~~should ~~presented~~be read in USconjunction ~~dollars~~with the audited financial statements as of and for the year ended December 31, 2017 and footnotes thereto included in the same document. The condensed consolidated balance sheet as of December 31, 2017 contained herein has been derived from the audited financial statements as of December 31, 2017 but does not include all disclosures required by the generally accepted accounting principles in the U.S. (“U.S. GAAP”).

~~Fiscal Year~~Basis ~~End~~of Consolidation

The ~~Corporation~~ ~~has~~consolidated ~~adopted~~financial astatements ~~fiscal~~include the ~~year~~financial ~~end~~statements of ~~December~~the 31Company, its wholly-owned subsidiaries, I JIU JIU, Ruixiang, Jiucheng Consulting and its VIE, Beijing Jiucheng. All inter-company transactions and balances have been eliminated upon consolidation.

~~Unaudited Interim~~Use ~~Financial~~of ~~Statements~~Estimates and Assumptions

The preparation ~~interim~~of financial statements ofin ~~the~~conformity ~~Company~~with asgenerally ofaccepted ~~September~~accounting ~~30,~~principles ~~2017,~~requires ~~and~~management ~~for~~to ~~the~~make ~~periods~~estimates ~~then ended are unaudited. However, in~~and ~~the~~assumptions ~~opinion~~that ofaffect ~~management,~~ the ~~interim~~reported ~~financial~~amounts ~~statements~~of ~~include~~assets ~~all~~and ~~adjustments,~~liabilities ~~consisting~~and disclosure of ~~only~~contingent ~~normal~~assets ~~recurring~~and ~~adjustments,~~liabilities at ~~necessary~~the todate ~~present~~of ~~fairly~~ the ~~Company’s~~ financial ~~position~~statements ~~as of September 30, 2017,~~ and the ~~results~~reported amounts of ~~its~~revenues ~~operations~~ and ~~its~~expenses ~~cash~~during ~~flows for~~ the ~~three~~period. ~~and~~Actual ~~nine~~results could ~~month~~differ ~~period~~from ~~ended~~those ~~September 30, 2017~~estimates. ~~These~~Significant ~~results~~estimates ~~are~~as ~~not~~of ~~necessarily~~and ~~indicative of~~during the ~~results~~periods ~~expected~~ended ~~for~~March ~~the~~31, ~~calendar~~2018 ~~year~~and ~~ending~~ December 31, 2017. ~~The~~include ~~accompanying~~the ~~financial~~allowance ~~statements~~for ~~and~~doubtful ~~notes~~accounts, ~~thereto do~~the ~~not~~useful ~~reflect~~life ~~all~~of ~~disclosures~~property ~~required~~and ~~under~~equipment, ~~accounting~~assumptions ~~principles~~used ~~generally accepted~~ in ~~the United States. Refer to the Company’s~~assessing ~~audited~~impairment ~~financial statements as~~ of ~~December~~long-term 31assets, ~~2016,~~valuation ~~filed~~of ~~with~~deferred ~~the~~tax ~~SEC,~~assets ~~for~~and ~~additional~~accruals ~~information,~~for ~~including~~taxes ~~significant accounting policies~~due.

~~NOTE 2~~Financial ~~– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~Instrument

The carrying amount reported in the consolidated ~~principal~~balance ~~accounting~~sheet ~~policies~~for ~~are~~cash, ~~set~~accounts ~~out~~receivable, ~~below~~other receivables, ~~these~~accrued ~~policies~~liabilities ~~have~~and ~~been~~other ~~consistently~~payables ~~applied~~approximate tofair value because of the ~~period~~immediate ~~presented,~~or ~~unless otherwise~~short-term ~~stated:~~maturity of these financial instruments.

~~Use of~~Cash ~~Estimates~~and Cash Equivalents

The ~~preparation~~ ofCompany ~~financial~~considers ~~statements~~all inhighly ~~conformity~~liquid investments with ~~accounting~~an ~~principles~~original ~~generally~~maturity ~~accepted~~of inthree ~~the~~months ~~United~~or ~~States~~less ~~requires management~~when purchased to ~~make~~be ~~estimates~~cash ~~and~~equivalents. ~~assumptions~~The ~~that~~Company ~~affect~~maintains with various financial institutions in the ~~reported~~PRC. ~~amounts~~At ofMarch ~~assets~~31, 2018 and ~~liabilities~~December ~~and~~31, ~~disclosure~~2017, ofcash ~~contingent assets~~balances ~~and~~held ~~liabilities~~in atPRC ~~the~~banks ~~date~~are ofuninsured. The ~~the~~Company ~~financial~~has ~~statements~~not ~~and~~experienced ~~the~~any ~~reported~~losses ~~amounts~~in orbank ~~revenues~~accounts and ~~expenses~~believes ~~during~~it ~~the~~is ~~reporting period.~~not ~~Actual~~exposed ~~results~~to ~~could~~any ~~differ~~risks ~~from~~on ~~those~~its ~~estimates~~cash in bank accounts.

~~Going concern~~Restricted Cash

~~The accompanying~~Cash ~~financial~~that ~~statements~~is ~~have~~deposited ~~been~~in ~~prepared~~the ~~assuming~~bank ~~that~~but restricted ~~the~~for ~~Company~~a ~~will~~specific ~~continue~~purpose asand atherefore ~~going~~not ~~concern,~~available ~~which~~for ~~contemplates the~~immediate ~~realization~~and ofgeneral ~~assets~~use ~~and~~by the ~~liquidation~~Company ofis ~~liabilities~~classified inas ~~the~~restricted cash, ~~normal~~which ~~course~~is ofpresented ~~business.~~separately Asfrom atcash ~~September~~and ~~30,~~cash ~~2017~~equivalents on the ~~Company has~~consolidated anbalance ~~accumulated~~sheets. ~~deficit~~The ~~from~~deposited ~~operations~~balance ofis included ~~$64,777~~in ~~and~~the ~~has~~Company’s ~~not~~bank ~~earned~~account ~~revenues~~for ~~sufficient~~guarantee toof ~~cover~~certain ~~operating~~business ~~costs~~purpose ~~and~~under ~~has a~~an ~~working~~agreement ~~capital~~until ~~deficit~~being ofused ~~$42,177.~~for the ~~The~~designated ~~Company~~purpose ~~intends~~or towithdrawn ~~fund~~due ~~operations~~to ~~through~~expiration ~~equity~~of ~~financing~~the ~~arrangements,~~guarantee. ~~which~~As ~~may be~~of ~~insufficient~~March to31, ~~fund~~2018 ~~its~~and ~~capital~~December ~~expenditures~~31, ~~working~~2017, ~~capital~~the ~~and~~Company had ~~other~~a restricted cash ~~requirements~~balance ~~for~~of ~~the~~$190,837 ~~year~~and ~~ending December 31~~$184, ~~2017~~437, respectively.

The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer non-cash consideration as a means of financing its operations. If the Company is unable to obtain revenue-producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash and cash equivalents

Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000.

Property~~, plant~~ and ~~equipment~~Equipment

~~The~~Property and equipment are stated at cost ~~Company~~less ~~does~~accumulated ~~not~~depreciation ~~own~~and ~~any~~impairment losses. Gains or losses on dispositions of property and equipment are included in operating income (loss). Major additions, ~~plant~~renewals and ~~equipment~~improvements are capitalized, while maintenance and repairs are expensed as incurred.

~~Accounts Payable~~Depreciation and ~~Accrued~~amortization ~~Expenses~~are provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows, taking into account the assets’ estimated residual value:

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Classification		Estimated useful life
Computer and office equipment		3 years
Furniture		3 years
Vehicles		3 years

Advances from Customers

Advances from customers at March 31, 2018 and December 31, 2017 amounted to $249,847 and $114,191, respectively, and consist of prepayments from customers for services that have not been performed. The Company will recognize the deposits as revenue when the services have been performed in accordance with the Company’s revenue recognition policy.

Earnings per Share

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.

For the three months ended March 31, 2018 and 2017, respectively, there were no outstanding securities or other contracts to issue common stock, such as options, warrants or conversion rights, which would have a dilutive effect on earnings per share.

Revenue Recognition

The Company ~~recognizes~~provides ~~revenue~~intermediary ~~when~~services to ~~all of~~ the ~~following~~personal ~~have~~loan ~~occurred:~~borrowers ~~persuasive~~and ~~evidence of an agreement with~~ the ~~customer~~financial ~~exists, delivery~~products ~~has~~investors. ~~occurred~~The orCompany ~~services~~charges ~~have~~fees ~~been~~for ~~rendered,~~ the ~~selling~~intermediary ~~price~~services ~~is fixed or determinable and collectability of~~ to the ~~selling price~~personal isloan ~~reasonably assured~~borrowers.

~~The Company~~Prior ~~recognizes~~to ~~revenues~~July 2017, the revenue process started when ~~title~~an ~~has~~individual ~~passed~~who tohad financing needs submited the ~~customer~~loan application to Beijing Hengjiu Investment Management Co., Ltd. (“Hengjiu”). Hengjiu, along with its sub-contractor, Zhongcheng Zhengxin (Beijing) Co., Ltd. (“Zhongcheng Zhengxin”), provided financial consulting services such as loan origination criteria checkup, risk assessment, and assessment/evaluation of vehicle collateral. Hengjiu is a related party which was 75% owned by Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng, and 25% owned by Xiangbin Meng, the Company’s Chairman. Zhongcheng Zhengxin is ~~generally~~a ~~when~~third ~~products~~party ~~are~~who ~~shipped~~provides credit assessment services. ~~Sale~~Upon ~~consist~~completion of the background check, Xiangbin Meng (“Meng”), the maker of ~~sale~~the loan, entered into the loan agreement with the qualified loan borrowers and initiated the transfer of ~~wine~~the ~~product~~cash to the borrowers or borrowers’ agents. The loan usually matures in three months and using borrowers’ vehicle as collateral.

~~Cost~~After the borrowers received the fund transfer, the Company then packaged the debt claims of ~~Sales~~Meng into corresponding financial products and placed in its physical stores or on its on-line platform for sale. Investors of those financial products were able to choose the financial products that met their needs. Meng transfered his debt upon signing the debt transfer agreement with the financial products investors. The services were originally provided in physical stores in Beijing, Baoding, Hebei province and Weihai, Shandong province. Since April 2016, Beijing Jiucheng started to move majority of the business to its financial advisory on-line platform, Jiucaitong (www.9caitong.com). As less labor was required, in June 2016, Beijing Jiucheng shut down the physical stores in Baoding and Weihai.

Cost of sales consists of the cost of merchandise sold to customers.

Income taxes

Income taxes are accounted for in accordance with ASC Topic 740, “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Earnings per share

The Company computes net loss per share in accordance with ASC 260, “Earnings Per Share” ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares. As at September 30, 2017 the Company had no potentially dilutive shares.

Fair Value of Financial Instruments

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

- Level 1: Quoted prices in active markets for identical instruments;

- Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);

- Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).

~~NOTE~~Meng was responsible for making the loans, 3transferring –the ~~LOAN~~funds ~~FROM~~to ~~RELATED~~the ~~PARTY~~borrowers and collecting the service fees on behalf of all parties involved. Meng collected a portion of the service fees upfront and the rest on a monthly basis over the term of the loan from loan borrowers.

	September 30,		December 31,
	2017		2016
		(unaudited)		(Audited)
		$		$
Loan from related party		42,502		42,037

The Company recognizes revenue, net of value-added taxes in the periods in which the related services were performed provided that persuasive evidence of an arrangement exists, the amount of the service fee is fixed in the loan agreements, and collectability is reasonably assured. The revenue was recognized when the loan agreements were executed and the funds were transferred to the loan borrowers, based on the predetermined service fee percentage of the total loan principal over the term of the loan. According to the service fee allocation agreement, Beijing Jiucheng was entitled to a service fee of 1% of the loan principal per month before July 1, 2016 and 1.5% per month effective July 1, 2016 and thereafter as Beijing Jiucheng increased the loan management and risk assessment services that were originally done by Beijing Hengjiu since May 2016.

~~The~~Since July 2017, the Company officially launched ~~above~~the ~~loan~~bank depository system and is ~~unsecured~~providing intermediary services for all registered users, ~~bears~~including noconsultation, ~~interest~~information and all kinds of delegation service. The Company started to charge the service fee from the amount borrowed by the borrower at the difference between the borrowers’ actual rate and ~~has~~the investors’ yield rate. Upon launching of the bank depository system, Meng no ~~set~~longer ~~terms~~serves as the maker of ~~repayment~~the loan for the borrowers who use Jiucaitong on-line platform. ~~This~~The borrowers and investors enter the loan isagreements ~~repayable~~directly onwith ~~demand~~the online platform, Jiucaitong. Since December 2017, the online platform also provides loan intermediary services to the restaurant owners which operate the same as the rest of the borrowers except for that the restaurant owners use restaurants as collateral.

~~NOTE 4~~Allowance –for ~~STOCKHOLDER’S~~Doubtful ~~DEFICIT~~Accounts

~~Common~~Service fee receivable is recorded and ~~Stock~~carried at the original invoiced amount less an allowance for any potential uncollectible amounts. The Company makes estimates for the allowance for doubtful accounts based upon the assessment of various factors, including historical, experience, the age of the accounts receivable balances, credit quality of the loan borrowers, current economic conditions, and other factors that may affect the borrowers’ ability to pay. No allowance has been provided for at March 31, 2018 and December 31, 2017 as the service fees have been fully collected from the loan borrowers during the respective periods or subsequently.

~~On October~~Advertising ~~11, 2014, the Company issued 5,000,000 shares of common stock to the director of the Company at a price of $0.0001 per share, for $500 cash.~~Expense

~~During~~The Company expenses advertising costs as ~~November~~they ~~2016~~incurred. Total advertising expenses were $15,238 and $20,581 for the ~~Company~~three ~~issued~~months ~~222~~ended March 31,~~000~~ ~~shares~~2018 ofand ~~common~~2017, ~~stock~~respectively, and tohave ~~various~~been ~~stockholders~~included atas ~~price~~part of ~~$0.01~~selling ~~per~~expenses ~~share,~~in ~~for~~the ~~$22,100 cash~~accompanying statements of operations and comprehensive income.

~~At November~~Value-added ~~16, 2016 the company made a share split and gave 5 shares for every share, and issued 20,888,000 shares total 26,110,000.~~Taxes

AtPursuant to the PRC tax laws, in case of the ~~December~~financial 1services provided, ~~2016~~generally the ~~director~~value ~~cancelled~~added bytax ~~18,000,000~~(“VAT”) ~~shares~~rate is 3% of ~~his~~the gross sales for small scale VAT payer and 6% of the gross sales for general VAT payer. The accrued VAT is recorded as VAT payables in the consolidated financial statements. VAT is reported as a liability when incurred.

~~At June~~Income ~~11, 2017 the director cancelled by 3,000,000 shares of his.~~Taxes

~~NOTE~~The Company accounts for income taxes in 5accordance –with ~~INCOME~~U.S. ~~TAXES~~GAAP for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes.

The ~~benefit~~ charge for ~~income~~taxation ~~taxes~~is ~~for~~based on the results ~~periods~~for ~~ended~~the ~~September~~fiscal ~~30,~~year ~~2017~~as ~~and~~adjusted ~~December~~for 31items, ~~2016 differ from the amount~~ which ~~would~~are ~~be expected~~non-assessable asor adisallowed. ~~result~~It ofis ~~applying~~calculated ~~the~~using ~~statutory~~ tax rates tothat have ~~the~~been ~~losses~~enacted ~~before~~or ~~income~~substantively ~~taxes~~enacted ~~due~~by ~~primarily to changes in~~ the ~~valuation allowance~~balance tosheet ~~fully reserve net deferred tax assets~~date.

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income.

The components of these differences are as follows:

	September 30,			September 30,
	2017			2016
		(Unaudited)			(Unaudited)
		$			$
Net tax loss carry-forwards		(5,099	)		(8,437	)
Statutory rate		15	%		15	%
Expected tax recovery		(765	)		(1,266	)
Change in valuation allowance		765			1,266
Income tax provision		—			—
		September 30,			December 31,
		2017			2016
		(Unaudited)			(Audited)
		$			$
Components of deferred tax assets:
Non capital tax loss carry forwards		9,717			8,952
Less: valuation allowance		(9,717	)		(8,952	)
Net deferred tax asset		—			—

~~The~~Deferred taxes are accounted for using ~~Company~~the ~~has~~asset ~~provided~~and aliability ~~valuation~~method ~~allowance~~in ~~against~~respect of temporary differences arising from differences between the ~~full~~carrying amount of assets and liabilities in the ~~deferred~~consolidated financial statements and the corresponding tax ~~asset~~basis ~~due~~used toin ~~management’s~~the ~~uncertainty about~~computation ~~its~~of ~~realization~~assessable tax profit. AsDeferred oftax ~~September~~liabilities ~~30,~~are ~~2017~~recognized ~~the~~for ~~Company~~all ~~had~~future ~~approximately~~taxable ~~$34,993~~temporary indifferences. Deferred tax ~~loss~~assets ~~carryforwards~~are recognized to the extent that it is probable that taxable income will be available against which deductible temporary differences can be utilized. ~~future~~Deferred ~~periods~~tax is calculated using tax rates that are expected to ~~reduce~~apply ~~taxable~~to ~~income,~~the ~~and~~period ~~expire~~when bythe asset is realized or the ~~year~~liability is ~~2037~~settled.

~~NOTE~~Deferred tax is charged or credited in 6the –operations ~~RELATED~~of ~~PARTY~~statement, ~~TRANSACTIONS~~except when it is related to items credited or charged directly to equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.

~~Details~~On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted by the U.S. government which included a wide range of ~~transactions~~tax ~~between~~reform affecting businesses including the ~~Company~~corporate tax rates, international tax provisions, tax credits and ~~related~~deduction ~~parties~~with ~~are~~majority ~~disclosed~~of ~~below:~~the tax provision effective after December 31, 2017.

~~The~~Certain activities conducted in foreign ~~following~~jurisdictions ~~entities~~may ~~have~~result ~~been~~in ~~identified~~the asimposition ~~related~~of ~~parties:~~U.S. corporate income taxes on the Company when its subsidiaries, controlled foreign corporations (“CFCs”), generate income that is subject to Subpart F or GILTI under the U.S. Internal Revenue Code beginning after December 31, 2017.

~~Zur~~An uncertain tax ~~Dadon -~~position ~~Director~~is ~~and~~recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 1050% ~~stockholder~~likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. As of March 31, 2018 and December 31, 2017, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future.

	September 30,		December 31,
	2017		2016
		(unaudited)		(Audited)
The following transactions were carried out with related parties:		$		$
Balance sheets:
Loan from related party - director		42,502		42,037
From time to time, the director and stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand.

Foreign Currency Translation

~~NOTE~~The functional currency of the Company’s 7operations –in ~~SUBSEQUENT~~the ~~EVENTS~~PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements are translated to U.S. dollars using the period end rates of exchange for assets and liabilities, equity is translated at historical exchange rates, and average rates of exchange (for the period) are used for revenues and expenses and cash flows. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income / loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

~~On October~~All ~~16,~~of ~~2017, Spirit International, Inc., a Nevada corporation (~~the “Company”)’s ~~entered~~revenue ~~into~~transactions are atransacted ~~Stock~~in ~~Purchase~~its ~~Agreement (the~~functional ~~“SPA”)~~currency. ~~with~~The ~~Kimho~~Company ~~Consultants~~does ~~Company~~not ~~Limited,~~enter ainto ~~Hong~~any ~~Kong~~material ~~limited~~transaction ~~liability~~in ~~company~~foreign ~~(the~~currencies. ~~“Purchaser”)~~Transaction ~~and~~gains ~~Mr.~~or ~~Zur~~losses ~~Dadon~~have ~~(the~~not ~~“Seller”)~~had, ~~pursuant~~and toare ~~which~~not ~~the~~expected ~~Purchaser~~to ~~acquired 4~~have,~~000,000~~ ~~shares~~a ofmaterial ~~common~~effect ~~stock~~on of the ~~Company~~ ~~(the~~results ~~“Shares”)~~of ~~from~~operations ~~Seller for an aggregate purchase price~~ of ~~$430,000 (“Stock Purchase”). The transaction contemplated in~~ the ~~SPA closed on October 17, 2017 (the “Closing”)~~Company. ~~For more details, please refer to Form 8-K filed on October 20, 2017.~~

Asset and liability accounts at March 31, 2018 and December 31, 2017 were translated at 6.2881 RMB to $1.00 and at 6.5063 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rates. The average translation rates applied to the statements of operations for the three months ended March 31, 2018 and 2017 were 6.3714 RMB and 6.8925 RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.

Credit Risk and Concentration

The Company’s financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents. The majority of cash equivalents consists of short-term money market funds, which are managed by reputable financial institutions.

The Company performs ongoing credit evaluations of borrowers, and generally do not require additional collateral except for personal vehicles. No borrowers represented 10% or more of total revenue for the three months ended March 31, 2018 and 2017.

Comprehensive Income (Loss)

Other comprehensive income (loss) refers to revenues, expenses, gains and losses that under generally accepted accounting principles are included in comprehensive income (loss) but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to stockholders’ equity. The Company’s other comprehensive income (loss) is comprised of foreign currency translation adjustments.

Fair Value Measurements

The Company applies the provisions of ASC Subtopic 820-10,” Fair Value Measurements”, for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements. ASC 820 also establishes a framework for measuring fair value and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

●

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 assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

●

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

There were no assets or liabilities measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 as of March 31, 2018 and December 31, 2017.

Related Parties

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

Recent Accounting Pronouncements

Revenue Recognition: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers: Topic 606 (ASU 2014-09), to supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which delays the effective date of ASU 2014-09 by one year. The FASB also agreed to allow entities to choose to adopt the standard as of the original effective date. In March 2016, the FASB issued Accounting Standards Update No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (ASU 2016-08) which clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. The new revenue recognition standard will be effective for us in the first quarter of 2018, with the option to adopt it in the first quarter of 2017. The Company currently anticipates adopting the new standard effective January 1, 2018. The new standard also permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective method). The Company elected the modified retrospective approach. In preparation for adoption of the new guidance, we reviewed representative samples of contracts and other agreements we had entered into with our customers and evaluated the five-step model specified by the new revenue standards. The Company completed its analysis and identified changes with respect to the timing of revenue recognition for its revenue streams and determined the impact of that guidance on revenue recognition. This standard does not have a material impact on the Company’s interim condensed consolidated financial statements.

Leases: In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company does not anticipate that this adoption will have a significant impact on its financial position, results of operations, or cash flows.

Statement of Cash Flows: In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): The amendments in this Update apply to all entities, including both business entities and not-for-profit entities that are required to present a statement of cash flows under Topic 230. The amendments in this Update provide guidance on the following eight specific cash flow issues. The amendments are an improvement to GAAP because they provide guidance for each of the eight issues, thereby reducing the current and potential future diversity in practice described above. ASU 2016-15 is effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This standard does not have a material impact on the Company’s interim condensed consolidated financial statements.

Statement of Cash Flows: In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): “Restricted Cash”(“ASU 2016-18”). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017 and early adoption is permitted. The adoption of this guidance will result in the inclusion of the restricted cash balances within the overall cash balance and removal of the changes in restricted cash activity, which are currently recognized in other financing activities, on the Statements of Consolidated Cash Flows. Furthermore, an additional reconciliation will be required to reconcile Cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to sum to the total shown in the Statements of Consolidated Cash Flows. This standard does not have a material impact on the Company’s interim condensed consolidated financial statements.

Business Combination: In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), which revises the definition of a business and provides new guidance in evaluating when a set of transferred assets and activities is a business. The Company has adopted this guidance effective in the first quarter of 2018 on a prospective basis. This standard does not have a material impact on the consolidated financial statements until the Company plans to have an acquisition or deconsolidation in the future.

Revenue Recognition and Leases: In September 2017, the FASB issued ASU 2017-13, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842). The main objective of this pronouncement is to clarify the effective date of the adoption of ASC Topic 606 and ASC Topic 842 and the definition of public business entity as stipulated in ASU 2014-09 and ASU 2016-02. ASU 2014-09 provides that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. ASU 2016-12 requires that “a public business entity and certain other specified entities adopt ASC Topic 842 for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. All other entities are required to adopt ASC Topic 842 for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020”. ASU 2017-13 clarifies that the SEC would not object certain public business entities to elect to use the non-public business entities effective dates for applying ASC 606 and ASC 842. ASU 2017-13, however, limits such election to certain public business entities that “otherwise would not meet the definition of a public business entity except for a requirement to include or inclusion of its financial statements or financial information in another entity’s filings with the SEC”. The Company elected to adopt ASC Topic 606 and ASC Topic 842 beginning January 1, 2018 and January 1, 2019, respectively. No material impact on the consolidated financial statements.

Except for the ASU above, in the period from February 2018 through March 2018, the FASB has issued ASU No. 2018-02 through ASU 2018-04, which are not expected to have a material impact on the consolidated financial statements upon adoption.

NOTE 3 – OTHER RECEIVABLE

Other receivable consists of deposits and advances made to employees and other third parties to pay for operating expenses, such as property maintenance, water and sewer, and telephone bills. Other receivable as of March 31, 2018 and December 31, 2017 were $84,104 and $19,327, respectively.

NOTE 4 – SECURITY DEPOSIT

Pursuant to the terms of the Jinchangan Lease agreement, Beijing Jiucheng agreed to pay three months of rent and maintenance fee as security deposit for a total of RMB 472,678 (approximately $75,000). Beijing Jiucheng classified the security deposit as long term asset on the consolidated balance sheets as the lease expires on May 21, 2019.

NOTE 5 - PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	March 31,			December 31,
	2018			2017
Office furniture	$	24,993		$	24,155
Computer and office equipment		43,387			41,932
Vehicle		114,586			110,743
Total property and equipment		182,966			176,830
Less: accumulated depreciation		(155,648	)		(141,497	)
Total	$	27,318		$	35,333

Total depreciation expenses for the three months ended March 31, 2018 and 2017 were $9,120 and $13,910, respectively.

The Company did not capitalize the costs associated with building the online financial platform as the costs were nominal.

NOTE 6 - RELATED PARTY TRANSACTIONS

The following is a list of related parties to which the Company has transactions with:

(a)

Xiangbin Meng (“Meng”), the Company’s Chairman and a shareholder of Beijing Jiucheng;

(b)

Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng;

(c)

Beijing JiuCheng Huijin Information Consulting Co., Ltd (“Jiucheng Huijin”), an affiliated Company;

(d)

Yasheng International Investment Ltd. (“Yasheng”), a former shareholder of Beijing Jiucheng;

(e)

Beijing Jiuyuan Investment Share Holding Co., Ltd (“Beijing Jiuyuan”), an affiliated Company;

	(f)	Beijing Jiuxiang Financing Lease Co., Ltd. (“Jiuxiang”), an affiliated Company.

	(g)	Beijing Hengjiu Investment Management Co.,Ltd (“Beijing Hengjiu”), an affiliated Company

	(h)	Yangming Development Limited (“Yangming”), a shareholder of the Company

Amount due from related parties:

Amount due from related parties consisted of the following as of:

	March 31, 2018		December 31, 2017
Xiangbin Meng – Fees Receivable	$	97,997	$	3,444
Jiuyuan		20,873		20,204
Beijing Hengjiu		53,286		51,653
Total	$	172,156	$	75,301

Prior to July 2017, Meng collected the service fees from the loan borrowers on behalf of the Company, Zhongcheng Zhengxin, and Hengjiu. Meng then distributed to each party in accordance to the predetermined service fees percentage. As of March 31, 2018 and December 31, 2017, amount due from Meng for service revenue collected by Meng on the Company’s behalf and not yet distribute to the Company was $97,997 and $3,444, respectively.

Beijing Jiucheng is 70% owned by Jiuyuan. From time to time, the Company and Jiuyuan paid general and administrative expenses for each other. During the three months ended March 31, 2018 and 2017, Jiuyuan paid on behalf of the Company for working capital totaled $31 and $3,660, respectively. The Company made advances to Jiuyuan for working capital totaled $0 and $9,165,199, respectively and received repayments totaled $-0- and $5,415,895, respectively. The Company received advances from Jiuyuan for working capital totaled $0 and $3,576,355, respectively. As of March 31, 2018 and December 31, 2017, the Company has an amount due from Jiuyuan of $20,873 and $20,204, respectively.

Beijing Hengjiu is 75% owned by Jiuyuan and 25% owned by Meng. During the three months ended March 31, 2018 and 2017, Beijing Hengjiu paid on behalf of the Company for working capital totaled $157 and $-0-, respectively. As of March 31, 2018 and December 31, 2017, the Company has an amount due from Beijing Hengjiu of $53,286 and $51,653, respectively.

Amount due to related parties

Amount due to related parties consisted of the following as of:

	March 31, 2018		December 31, 2017
Jiucheng Huijin		2,601		10,199
Beijing Jiuyuan		2,545		2,460
Jiuxiang		6,298		6,087
Yangming		5,107		4,936
Total	$	16,551	$	23,682

Jiucheng Huijin is 30% owned by Meng. From time to time, Jiucheng Huijin paid general and administrative expenses on behalf of the Company. As of March 31, 2018 and December 31, 2017, the Company recorded $2,601 and $10,199 due to Jiucheng Huijin, respectively.

On June 30, 2016, Jiucheng Huijin entered a contract to lease two vehicles from the Company. The contract started on June 30, 2016 and expired on January 31, 2018. Pursuant to the terms of the contract, Jiucheng Huijin has agreed to pay a monthly rental fee of RMB 25,000 (approximately $3,600) per vehicle. The Company recorded a rental income of $7,848 and $21,763 for the three months ended March 31, 2018 and 2017, respectively as part of other income in the accompanying condensed consolidated statements operations and comprehensive income.

Beijing Jiuyuan is 51% owned by Meng. On October 21, 2015, Beijing Jiuyuan entered into a six-year lease (“Chaoyang Lease”) and the lease was subsequently transferred to Jiuxiang on August 12, 2016. The Company shares the office space with Beijing Jiuyuan and three other affiliated companies under the Chaoyang Lease. The rent expense allocated to the Company each month is in accordance to the number of employees occupied in the office space. As of March 31, 2018 and December 31, 2017, amounts due to Beijing Jiuyuan related to rent expense were $2,545 and $2,460, respectively.

Jiuxiang is 75% owned by Jiuyuan. As mentioned above, Jiuxiang took over the lease since August 12, 2016. As of March 31, 2018 and December 31, 2017, the Company recorded $6,298 and $6,087 due to Jiuxiang, respectively, for the rent expense.

Yangming owns 26.3% of the Company. Yangming paid general and administrative expenses on behalf of the Company, As of March 31, 2018 and December 31, 2017, the Company recorded $5,107 and $4,936 due to Yangming, respectively.

For the three months ended March 31, 2018 and 2017, due to (from) related party activities consisted of the following:

	Jiuyuan			Meng		Meng - Receivable			Yasheng		Jiucheng Huijin			Beijing Jiuyuan		Jiuxiang		Beijing Hengjiu			Yangming		Total
Balance due (from) to related parties, December 31, 2017	$	(20,204	)	$	-	$	(3,444	)	$	-	$	10,199		$	2,460	$	6,087	$	(51,653	)	$	4,936	$	(51,619	)
Operating activities - Due from related parties		31			-		(93,199	)		-		-			-		-		157			-		(93,011	)
Financing activities - Repayments to related parties		-			-		-			-		(7,848	)		-		-		-			-		(7,848	)
Effect of foreign currency exchange		(700	)		-		(1,354	)		-		250			85		211		(1,790	)		171		(3,127	)
Balance due (from) to related parties, March 31, 2018	$	(20,873	)	$	-	$	(97,997	)	$	-	$	2,601		$	2,545	$	6,298	$	(53,286	)	$	5,107	$	(155,605	)

		Jiuyuan			Meng			Meng - Receivable			Yasheng		Jiucheng Huijin			Beijing Jiuyuan			Jiuxiang			Beijing Hengjiu		Yangming		Total
Balance due (from) to related parties, December 31, 2016	$	378,950		$	(11,311,447	)	$	(1,877,130	)	$	8,917	$	5,867		$	2,304		$	1,263		$	-	$	-	$	(12,791,276	)
Operating activities - Due from related parties		-			-			(315,707	)		-		(20,950	)		(2,322	)		(277	)		-		-		(339,256	)
Operating activities - Due to related parties		3,660			-			-			-		-			-			-			-		-		3,660
Investing activities - Working capital advances to related parties		(9,165,199	)		-			-			-		-			-			-			-		-		(9,165,199	)
Investing activities - Repayments from related parties		5,415,895			991,112			-			-		-			-			-			-		-		6,407,007
Financing activities - Advances from related parties		3,576,355			(29,506	)		-			-		-			-			-			-		-		3,546,849
Non-cash Capital reduction		8,124,744			3,482,033			-			-		-			-			-			-		-		11,606,777
Internal transfers		(8,174,148	)		6,953,828			1,220,320			-		-			-			-			-		-		-
Effect of foreign currency exchange		2,697			(115,497	)		(13,186	)		59		59			18			8			-		-		(125,842	)
Balance due (from) to related parties, March 31, 2017	$	162,954		$	(29,477	)	$	(985,703	)	$	8,976	$	(15,024	)	$	-		$	994		$	-	$	-	$	(857,280	)

NOTE 7 – OTHER PAYABLE

Other payable consists of the following as of March 31, 2018 and December 31, 2017:

	March 31, 2018		December 31, 2017
Social security and provident fund payable	$	206,096	$	44,254
Salary payable		61,082		64,653
Other levies		12,624		24,186
Total	$	279,802	$	133,093

NOTE 8 – VAT PAYABLE

The Company’s VAT payable consists of 6% on the revenue generated and 3% on the other income generated from car leasing. VAT payable as of March 31, 2018 and December 31, 2017 were $104,881 and $195,308, respectively. The Company is currently reviewing its historical VAT tax returns and will make appropriate amendments where applicable. The VAT payable has been properly accrued for based on the required VAT rate as of March 31, 2018 and December 31, 2017.

NOTE 9 - STATUTORY RESERVE

Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). The Company did not make appropriations to statutory reserve as of March 31, 2018 as the Company is able to use the current period (2018) net income after tax to offset against the accumulate loss from prior periods.

NOTE 10 - EQUITY TRANSACTIONS

Capital reduction of VIE, Beijing Jiucheng

Upon formation, Meng contributed RMB 30,000,000 ($4,800,811) and Jiuyuan contributed RMB 70,000,000 ($11,201,893) for a total of RMB 100,000,000 ($16,002,704) to Beijing Jiucheng. As Beijing Jiucheng’s main revenue source is from intermediary services and management was not anticipating to make significant capital expenditures, on February 15, 2017, the Board of directors of Beijing Jiucheng proposed to reduce the capital. Upon approval by the majority shareholders and Board of Directors of Beijing Jiucheng, on February 15, 2017, Beijing Jiucheng reduced the contributed capital from RMB 100,000,000 ($16,002,704) to RMB 20,000,000 ($4,482,799). Beijing Jiucheng has obtained the new business license reflecting the change. Capital reduction made subsequent to December 31, 2016 for the two shareholders are as follows:

In RMB:

	Formation		Capital Reduction			After Reduction		Ownership
Meng		30,000,000		(24,000,000	)		6,000,000		30	%
Jiuyuan		70,000,000		(56,000,000	)		14,000,000		70	%
		100,000,000		(80,000,000	)		20,000,000		100	%

In USD:

	Formation		Capital Reduction			After Reduction		Ownership
Meng		4,800,811		(3,455,971	)		1,344,840		30	%
Jiuyuan		11,201,893		(8,063,934	)		3,137,959		70	%
		16,002,704		(11,519,905	)		4,482,799		100	%

A debt transfer agreement was signed between Meng and Jiuyuan on February 28, 2017. Pursuant to the terms of the agreement, Jiuyuan agreed to transfer to Meng a total of RMB 56,340,519 ($8,112,967) owed by Beijing Jiucheng.

On February 28, 2017, a debt offset agreement was signed between Beijing Jiucheng and Meng and pursuant to the terms of this agreement, the amount due to Jiuyuan which was transferred to Meng plus Meng’s portion of the capital reduction were offset by the amount due from Meng. As a result of the capital reduction, the debt offset agreement and repayment received, the amount due from related parties, Meng that was reclassified as contra-equity account at December 31, 2016 has been repaid and reduced to zero by $11,519,905 during the first quarter ended March 31, 2017.

Subscription receivable of the subsidiaries’ paid in capital

As of March 31, 2018 and December 31, 2017, the subscription receivable of the subsidiaries’ paid in capital (I JIU JIU and Ruixiang) was $51,289.

Reverse merger

Pursuant to the Merger, all of the issued and outstanding shares of I JIU JIU common stock were converted, at an exchange ratio of 160-for-1, into an aggregate of 8,000,000 shares of the Company or Jiucaitong, formerly known as Spirit International Inc. common stock and I JIU JIU became a wholly owned subsidiary of the Company or Jiucaitong. The holders of the Company’s common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company’s former majority shareholder, Kimho Consultants Company Limited, (“Kimho” or the “Majority Shareholder”) entered into a share cancellation agreement with I JIU JIU’s stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company’s Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU’s stockholders (“Share Cancellation”).

The common stocks as of March 31, 2018 and December 31, 2017 were 9,110,000 shares.

NOTE 11 - COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company shares its principal office with four other affiliated companies in Chaoyang, Beijing. On October 21, 2015, the Company entered into a six-year lease (“Chaoyang Lease”) and the lease was subsequently transferred to Jiuxiang on August 12, 2016. The Chaoyang Lease started on October 21, 2015 and expires on October 20, 2021. Pursuant to the terms of the lease, Jiuxiang has agreed to pay a monthly rent of RMB 491,168 (approximately $74,000) for the first three years and RMB 540,534 (approximately $81,000) for the remaining three years. The Company recognizes rent expense on a straight-line basis over the terms of the leases. The rent expense allocated to the Company each month is in accordance to the number of employees occupied in the office space.

The Company operates its business in an office located at Xizhimen, Beijing, China. The Company entered into a lease agreement (“Xizhimen Lease”) on January 1, 2015 pursuant to which the Company agreed to pay $24,000 per month and the lease expired on May 31, 2017.

On May 22, 2017, the Company entered into another operating lease agreement in Beijing as the successor of the Xizhimen Lease. Pursuant to the terms of the agreement, the lease started from May 22, 2017 and expires on May 21, 2019 and the Company agreed to pay monthly rent of RMB 142,241 (approximately $20,000) from June 22, 2017 to May 21, 2019 with the first month rent free and monthly maintenance fee of RMB 15,318 (approximately $2,200) from May 21, 2017 to May 21, 2019. The Company recognizes rent expense and maintenance fee on a straight-line basis over the terms of the lease.

As of March 31, 2018, the Company was obligated under operating leases minimum rentals as follows:

	Allocated Lease *		Non-Cancellable Lease **		Total
2018	$	4,393	$	289,371	$	293,764
2019		4,393		112,792		117,185
2020		4,393		-		4,393
2021		3,661		-		3,661
2022		-		-		-
Total minimum lease payments	$	16,840	$	402,163	$	419,003

These are the Company’s portion of minimum lease payments allocated by the Company’s affiliated company, Jiuxiang, the leasee.

These are the minimum lease payments under the non-cancellable lease entered with a third party.

NOTE 12 - SUBSEQUENT EVENT

On April 23, 2018, a related party of the Company, Jiuyuan, entered into a loan agreement with Jiucheng to borrow 15,000,000 RMB (approximately $2.39 million). The loan matures in six months with a monthly interest rate of 0.3625%. The Company recorded a loan receivable from the related party accordingly. The amount will be repaid by the related party before June 30, 2018.

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

~~Unless~~CAUTIONARY ~~otherwise~~STATEMENT ~~indicated, references~~REGARDING ~~in this Quarterly Report on Form 10~~FORWARD-QLOOKING to “we,” “us,” and “our” are to the Company, unless the context requires otherwise. The following discussion and analysis by our management of our financial condition and results of operations should be read in conjunction with our unaudited condensed interim financial statements and the accompanying related notes included in this quarterly report and our audited financial statements and related notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission.STATEMENTS

~~Cautionary~~This ~~Statement~~report contains ~~Regarding~~certain ~~Forward~~statements that may be deemed “forward-~~Looking~~looking statements” within the meaning of United States of ~~Statements~~America securities laws. All statements, other than statements of historical fact, that address activities, events or developments that we intend, expect, project, believe or anticipate and similar expressions or future conditional verbs such as will, should, would, could or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate.

~~This~~These ~~report~~statements include, ~~may~~without ~~contain~~limitation, ~~forward-looking~~ statements ~~within~~about our ~~the~~anticipated ~~meaning~~expenditures, ofincluding ~~Section~~those ~~27A~~related ofto ~~the~~general ~~Securities~~and ~~Act~~administrative expenses; ~~and~~the ~~Section~~potential ~~21E~~size of the ~~Securities~~market ~~Exchange~~for ~~Act~~our services, future development and/or weexpansion ~~intend that~~of ~~such~~our ~~forward-looking~~services ~~statements~~in beour ~~subject~~markets, our ability to ~~the~~generate revenues, ~~safe~~our ~~harbors~~ability ~~created~~to ~~thereby.~~obtain ~~These~~regulatory ~~forward-looking~~clearance ~~statements are based on our management’s beliefs~~ and ~~assumptions~~expectations ~~and~~as ~~on information currently available~~ to our ~~management.~~future ~~Any such forward-looking~~financial ~~statements~~performance. ~~would~~Our beactual ~~contained~~results ~~principally~~will inlikely ~~“Management’s~~differ, ~~Discussion~~perhaps ~~and~~materially, ~~Analysis~~from ofthose ~~Financial~~anticipated ~~Condition~~in ~~and~~these ~~Results of Operations” and “Risk Factors.” Forward~~forward-looking statements ~~include information concerning our possible or~~ ~~assumed~~as ~~future~~a ~~results~~result of ~~operations,~~various ~~business strategies~~factors, ~~financing~~including: ~~plans,~~our ~~competitive~~need ~~position, industry environment, potential growth opportunities~~ and ~~the~~ability ~~effects~~to ofraise ~~regulation~~additional cash. ~~Forward~~The forward-looking statements ~~include~~included in ~~all~~this ~~statements~~report ~~that~~ are ~~not~~subject ~~historical~~to ~~facts and~~a ~~can~~number beof ~~identified~~additional bymaterial ~~terms~~risks ~~such~~and ~~as “anticipates~~uncertainties,” ~~“believes,”~~including ~~“could,”~~but ~~“estimates,” “expects,”~~not ~~“hopes,”~~limited ~~“intends,”~~to ~~“may,”~~the ~~“plans,” “potential,”~~risks ~~“predicts,”~~described ~~“projects,”~~in ~~“should,”~~our ~~“will,”~~filings ~~“would”~~with orthe ~~similar~~Securities ~~expressions~~and Exchange Commission.

~~Forward-looking~~The ~~statements involve known~~following discussion and ~~unknown~~analysis ~~risks,~~of ~~uncertainties~~our financial condition and ~~other~~results ~~factors~~of ~~which~~operations ~~may~~should ~~cause~~be read together with our ~~actual~~financial ~~results,~~statements and ~~performance~~the orrelated ~~achievements~~notes to bethose ~~materially different~~statements ~~from~~included ~~any~~in ~~future~~this ~~results,~~filing. ~~performance~~In oraddition ~~achievements~~to ~~expressed~~historical orfinancial ~~implied~~information, bythis ~~the~~discussion may contain forward-looking statements. Wereflecting ~~discuss~~our current plans, estimates, beliefs and expectations that involve risks and ~~many~~uncertainties. As a result of ~~these~~many ~~risks~~important infactors, ~~greater~~particularly ~~detail~~those inset forth under “~~Risk~~Special ~~Factors.~~Note Regarding Forward-Looking Statements”, ~~Given~~our ~~these~~actual ~~uncertainties,~~results ~~you~~and ~~should~~the ~~not~~timing ~~place~~of ~~undue~~events ~~reliance on~~may differ materially from those anticipated in these forward-looking statements.

Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this report. You should read this report and the documents that we reference in this report and have 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 these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional information concerning these and other risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended April 30, 2016.

Unless otherwise indicated or the context otherwise requires, all references in this Form 10-Q to “we,” “us,” “our,” “our company,” “Spirit International” or the “Company” refer to Spirit International , Inc.

Our Ability to Continue as a Going Concern

Our independent registered public accounting firm has issued its report dated March 30, 2017, in connection with the audit of our annual financial statements as of March 30, 2017, that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern and Note 2 to the unaudited financial statements for the period ended September 30, 2017 also describes the existence of conditions that raise substantial doubt about our ability to continue as a going concern.

Overview

Jiucaitong Group Limited was incorporated in Nevada (“Company”) on March 10, 2014, under the name of “Spirit International, Inc.;” we amended our Articles of Incorporation and changed our corporate name to Jiucaitong Group Limited on November 27, 2017 (the “Name Change”). On November 10, 2017, the Company consummated a share exchange (the “Share Exchange”) iswith I JIU JIU Limited, a ~~Nevada~~British ~~Corporation~~Virgin ~~incorporated~~Islands oncompany ~~March~~(“I 10JIU JIU”). Pursuant to and following the Share Exchange, we ~~2014~~changed our corporate name and discontinued our pre-Share Exchange business such that the businesses of Beijing Jiucheng became our businesses. ~~The~~We ~~Company~~are ~~plans~~currently toa ~~market~~holding company and operate through our wholly-owned subsidiaries, I JIU JIU, Ruixiang Technology Group, Ltd., a ~~unique~~Hong ~~brand~~Kong company (“Ruixiang”) and Beijing Jiucheng IT Consulting Enterprise Co. Ltd, a company organized in the People’s Republic of ~~Australian~~China ~~whiskey~~(“Jiucheng ~~for~~Consulting” ~~export~~or “WFOE”) and our contractually controlled and managed company, Beijing Jiucheng Asset Management Co., Ltd., a company organized in the People’s Republic of China (“Beijing Jiucheng”). Beijing Jiucheng operates an electronic online financial platform, “www.9caitong.com,” which is designed to ~~Western~~match ~~Europe~~investors with small and ~~the~~medium-sized ~~Middle~~enterprises ~~East~~(“SMEs”) and individual borrowers in China. We believe our services provide an effective solution for under-served SME and individual borrowers who need access to financing.

~~Recent~~We ~~Development in~~generate revenue from our ~~Business~~services that facilitate matching lenders, who we refer to as investors, with individual and SME borrowers. We typically charge borrowers a loan facilitation process and matching services fee between 1% and 1.5% per month of the loan amount, depending on the duration of the loan, for each effected loan facilitated by us. Additionally we charge a separate fee from borrowers for each loan repayment facilitated by us, which is based on an agreed upon percentage of approximately 0.5% of the total loan amount per month for the duration of the loan.

~~Share Purchase by Kimho Consultants Company Limited (“Kimho”) and Change of Control~~18

OnCritical ~~October~~Accounting 16, 2017, the Company entered into a Stock Purchase Agreement (the “SPA”) with Kimho Consultants Company Limited, a Hong Kong limited liability company (the “Purchaser”) and Mr. Zur Dadon (the “Seller”), pursuant to which the Purchaser acquired 4,000,000 shares of common stock of the Company (the “Shares”) from Seller for an aggregate purchase price of $430,000 (“Stock Purchase”). The transaction contemplated in the SPA closed on October 17, 2017 (the “Closing”). The Stock Purchase is a private transaction exempt from registration pursuant to Regulation S of the Securities Act of 1933, as amended (the “Act”). Policies

9 Basis of Presentation

AsThe ~~the result~~unaudited ofcondensed ~~the~~consolidated ~~Closing,~~financial ~~the~~statements ~~Purchaser~~of ~~became~~ the ~~beneficial~~Company ~~owner~~have ofbeen ~~approximately~~prepared ~~78.3%~~in ofaccordance ~~the~~with ~~Company’s~~generally ~~issued~~accepted ~~and outstanding~~accounting ~~common~~principles ~~stock.~~in ~~The~~the ~~Shares~~United ~~constitute~~States ~~“restricted~~of ~~securities”~~America. ~~within~~This ~~the~~basis ~~meaning~~ of ~~Rule~~accounting ~~144~~involves of the ~~Act~~application ~~and~~of ~~may~~accrual ~~not~~accounting ~~be sold,~~and ~~pledged~~consequently, revenues orand ~~otherwise~~gains ~~disposed~~are ofrecognized bywhen ~~the~~earned, ~~Purchaser~~and ~~without~~expenses ~~restriction~~and ~~under~~losses ~~the~~are ~~Act~~recognized ~~and~~when ~~applicable~~incurred. ~~state~~The ~~securities~~Company’s ~~laws.~~financial ~~The~~statements ~~transaction~~are ~~has~~expressed ~~resulted~~ in aU.S. ~~change in control of the Company~~dollars.

In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The ~~SPA~~unaudited ~~was~~condensed ~~originally~~consolidated ~~disclosed~~financial statements should be read in ~~our~~conjunction with ~~Current~~the ~~Report~~audited onfinancial ~~Form~~statements as of and for the year ended December 31, 2017 and footnotes thereto included in the same ~~8-K~~document. ~~filed~~The ~~October~~condensed 20consolidated balance sheet as of December 31, 2017 contained herein has been derived from the audited financial statements as of December 31, ~~which~~2017 isbut ~~incorporated~~does ~~herein~~not include all disclosures required by ~~this~~the ~~reference~~generally accepted accounting principles in the U.S. (“U.S. GAAP”).

~~Share~~Basis ~~Exchange~~of ~~with I JIU JIU and its Stockholders~~Consolidation

OnThe consolidated ~~November~~financial ~~10,~~statements ~~2017~~include (the ~~“Closing~~financial ~~Date”),~~statements of the Company, Iits ~~JIU~~wholly-owned ~~JIU~~subsidiaries, ~~Limited (“~~I JIU JIU”), ~~and the shareholders of I JIU JIU entered into the Share Exchange Agreement~~Ruixiang, ~~which closed on the same date. Pursuant to the terms of the Share Exchange~~Jiucheng ~~Agreement,~~Consulting weand ~~issued~~its 8VIE,~~000,000~~ ~~new~~Beijing ~~shares of our common stock, par value $0~~Jiucheng.~~0001~~ ~~per~~All ~~share~~inter-company ~~(the~~transactions ~~“Common~~and ~~Stock”)~~balances ~~for~~have ~~all~~been ofeliminated ~~the~~upon ~~outstanding capital stock of I JIU JIU with the result that I JIU JIU became a wholly owned subsidiary of ours~~consolidation.

~~Pursuant~~Use ~~to the Share Exchange, we acquired the business~~ of ~~the~~Estimates ~~I JIU JIU, which is to engage in the business of providing loans to small~~ and ~~medium sized enterprises (“SMEs”) and individuals in the People’s Republic of China (“PRC” or “China”) through online platform. As a result, we have ceased to be a shell company.~~ Assumptions

AtThe preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the ~~closing~~reported amounts of ~~the~~assets ~~Share~~and ~~Exchange,~~liabilities ~~50,000 shares~~and disclosure of Icontingent ~~JIU~~assets ~~JIU’s~~and liabilities ~~capital~~at ~~stock~~the ~~issued~~date of the financial statements and ~~outstanding~~the ~~immediately~~reported ~~prior~~amounts toof revenues and expenses during the ~~closing~~period. Actual results could differ from those estimates. Significant estimates as of and during the ~~Share~~periods ~~Exchange~~ended ~~were~~March ~~exchanged~~31, 2018 and December 31, 2017 include the allowance for 8doubtful accounts,~~000~~ the useful life of property and equipment,~~000~~ ~~shares~~assumptions used in assessing impairment of ~~our~~long-term ~~common~~assets, ~~stock~~valuation of deferred tax assets and accruals for taxes due.

AsFinancial ~~a result, an aggregate of 8,000,000 shares of our common stock were issued to the stockholders of I JIU JIU.~~Instrument

The ~~Share~~carrying amount ~~Exchange~~reported ~~Agreement~~in ~~was~~the ~~originally disclosed~~consolidated inbalance ~~our~~sheets ~~Current~~for ~~Report~~cash, onaccounts ~~Form~~receivable, ~~8-K~~other ~~filed~~receivables, ~~November~~accrued ~~13,~~liabilities ~~2017,~~and ~~which~~other payables isapproximate ~~incorporated~~fair ~~herein~~value bybecause ~~this~~of ~~reference~~the immediate or short-term maturity of these financial instruments.

~~Share~~Cash ~~Cancellation~~and byCash ~~Kimho~~Equivalents

InThe Company ~~connection~~considers all highly liquid investments with ~~the~~an ~~Share~~original ~~Exchange~~maturity ~~Agreement,~~of ~~the~~three ~~Company’s majority~~months ~~shareholder,~~or ~~Kimho~~less ~~entered~~when ~~into~~purchased ato ~~share~~be ~~cancellation~~cash ~~agreement~~equivalents. The Company maintains with Ivarious ~~JIU~~financial ~~JIU’s stockholders~~institutions ~~whereby~~in ~~Kimho~~the PRC. At March 31, ~~owning~~2018 anand ~~aggregate~~December of31, 42017,~~000,000~~ ~~shares~~cash ofbalances ~~the Company’s~~held ~~Common~~in ~~Stock~~PRC ~~agreed~~banks toare ~~cancel~~uninsured. ~~all~~The ~~its~~Company ~~4,000,000~~has ~~shares~~not ofexperienced ~~Common~~any ~~Stock~~losses in ~~exchange~~bank ofaccounts ~~$440,000~~and ~~paid~~believes byit Iis ~~JIU~~not ~~JIU’s stockholders~~exposed ~~(“Share~~to any ~~Cancellation”)~~risks on its cash in bank accounts.

~~The~~Restricted ~~Share Cancellation Agreement was originally disclosed in our Current Report on Form 8-K filed November 13, 2017, which is incorporated herein by this reference.~~Cash

Cash that is deposited in the bank but restricted for a specific purpose and therefore not available for immediate and general use by the Company is classified as restricted cash, which is presented separately from cash and cash equivalents on the consolidated balance sheets. The deposited balance is included in the Company’s bank account for guarantee of certain business purpose under an agreement until being used for the designated purpose or withdrawn due to expiration of the guarantee. As of March 31, 2018 and December 31, 2017, the Company had a restricted cash balance of $190,837 and $184,437, respectively.

Earnings per share

Basic earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.

Revenue Recognition

The Company provides intermediary services to the personal loan borrowers and the financial products investors. The Company charges fees for the intermediary services to the personal loan borrowers.

Prior to July 2017, the revenue process started when an individual who had financing needs submited the loan application to Beijing Hengjiu Investment Management Co., Ltd. (“Hengjiu”). Hengjiu, along with its sub-contractor, Zhongcheng Zhengxin (Beijing) Co., Ltd. (“Zhongcheng Zhengxin”), provided financial consulting services such as loan origination criteria checkup, risk assessment, and assessment/evaluation of vehicle collateral. Hengjiu is a related party which was 75% owned by Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng, and 25% owned by Xiangbin Meng, the Company’s Chairman. Zhongcheng Zhengxin is a third party who provides credit assessment services. Upon completion of the background check, Xiangbin Meng (“Meng”), the maker of the loan, entered into the loan agreement with the qualified loan borrowers and initiated the transfer of the cash to the borrowers or borrowers’ agents. The loan usually matures in three months and using borrowers’ vehicle as collateral.

After the borrowers received the fund transfer, the Company then packaged the debt claims of Meng into corresponding financial products and placed in its physical stores or on its on-line platform for sale. Investors of those financial products were able to choose the financial products that met their needs. Meng transfered his debt upon signing the debt transfer agreement with the financial products investors. The services were originally provided in physical stores in Beijing, Baoding, Hebei province and Weihai, Shandong province. Since April 2016, Beijing Jiucheng started to move majority of the business to its financial advisory on-line platform, Jiucaitong (www.9caitong.com). As less labor was required, in June 2016, Beijing Jiucheng shut down the physical stores in Baoding and Weihai.

Meng was responsible for making the loans, transferring the funds to the borrowers and collecting the service fees on behalf of all parties involved. Meng collected a portion of the service fees upfront and the rest on a monthly basis over the term of the loan from loan borrowers.

Since July 2017, the Company officially launched the bank depository system and provided intermediary services for all registered users, including consultation, information and all kinds of delegation service. The Company started to charge the service fee from the amount borrowed by the borrower at the difference between the borrowers’ actual rate and the investors’ yield rate. Upon launching of the bank depository system, Meng no longer serves as the maker of the loan for the borrowers who use Jiucaitong on-line platform. The borrowers and investors enter the loan agreements directly with the online platform, Jiucaitong. Since December 2017, the online platform also provides loan intermediary services to the restaurant owners which operate the same as the rest of the borrowers except for that the restaurant owners use restaurants as collateral.

Allowance for Doubtful Accounts

Service fee receivable is recorded and carried at the original invoiced amount less an allowance for any potential uncollectible amounts. The Company makes estimates for the allowance for doubtful accounts based upon the assessment of various factors, including historical, experience, the age of the accounts receivable balances, credit quality of the loan borrowers, current economic conditions, and other factors that may affect the borrowers’ ability to pay. No allowance has been provided for at March 31, 2018 and December 31, 2017 as the service fees have been fully collected from the loan borrowers during the respective years or subsequently.

Advertising Expense

The Company expenses advertising costs as they incurred. Total advertising expenses were $15,238 and $ 20,581 for the three months ended March 31, 2018 and 2017, respectively, and have been included as part of selling expenses in the accompanying condensed consolidated statements of operations and comprehensive income.

Value-added Taxes

Pursuant to the PRC tax laws, in case of the financial services provided, generally the value added tax (“VAT”) rate is 3% of the gross sales for small scale VAT payer and 6% of the gross sales for general VAT payer. The accrued VAT is recorded as VAT payables in the consolidated financial statements. VAT is reported as liability when incurred.

Income Taxes

The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes.

The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. Deferred tax liabilities are recognized for all future taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable income will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled.

Deferred tax is charged or credited in the operations of statement, except when it is related to items credited or charged directly to equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.

On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted by the U.S. government which included a wide range of tax reform affecting businesses including the corporate tax rates, international tax provisions, tax credits and deduction with majority of the tax provision effective after December 31, 2017.

Certain activities conducted in foreign jurisdictions may result in the imposition of U.S. corporate income taxes on the Company when its subsidiaries, controlled foreign corporations (“CFCs”), generate income that is subject to Subpart F or GILTI under the U.S. Internal Revenue Code beginning after December 31, 2017.

An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. As of March 31, 2018 and December 31, 2017, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future.

Foreign Currency Translation

The functional currency of the Company’s operations in the PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements are translated to U.S. dollars using the period end rates of exchange for assets and liabilities, equity is translated at historical exchange rates, and average rates of exchange (for the period) are used for revenues and expenses and cash flows. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income / loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

All of the Company’s revenue transactions are transacted in its functional currency. The Company does not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company.

Credit Risk and Concentration

Comprehensive Income (Loss)

Fair Value Measurements

●

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

There were no assets or liabilities measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 as of March 31, 2018 and December 31, 2017.

Related Parties

Recent Accounting Pronouncements

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which delays the effective date of ASU 2014-09 by one year. The FASB also agreed to allow entities to choose to adopt the standard as of the original effective date. In March 2016, the FASB issued Accounting Standards Update No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (ASU 2016-08) which clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. The new revenue recognition standard will be effective for us in the first quarter of 2018, with the option to adopt it in the first quarter of 2017. The Company currently anticipates adopting the new standard effective January 1, 2018. The new standard also permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective method). The Company elected the modified retrospective approach. In preparation for adoption of the new guidance, we reviewed representative samples of contracts and other agreements we had entered into with our customers and evaluated the five-step model specified by the new revenue standards. . The Company completed its analysis and identified changes with respect to the timing of revenue recognition for its revenue streams and determined the impact of that guidance on revenue recognition. This standard does not have a material impact on the Company’s interim condensed consolidated financial statements.

Statement of Cash Flows: In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): “Restricted Cash”(“ASU 2016-18”). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017 and early adoption is permitted. The adoption of this guidance will result in the inclusion of the restricted cash balances within the overall cash balance and removal of the changes in restricted cash activity, which are currently recognized in other financing activities, on the Statements of Consolidated Cash Flows. Furthermore, an additional reconciliation will be required to reconcile Cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to sum to the total shown in the Statements of Consolidated Cash Flows. The Company anticipates adopting this new guidance effective January 1, 2018. This standard does not have a material impact on the Company’s interim condensed consolidated financial statements.

Business Combination: In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), which revises the definition of a business and provides new guidance in evaluating when a set of transferred assets and activities is a business. The Company has adopted this guidance effective for us in the first quarter of 2018 on a prospective basis. This standard does not have a material impact on our consolidated financial statements until the Company plans to have an acquisition or deconsolidation in the future.

Results of Operations

~~Three~~The following ~~Months~~discussion ~~Ended September~~should ~~30,~~be ~~2017~~read ~~Compared~~in toconjunction ~~Three~~with ~~Months~~the ~~Ended September~~Financial 30Statement of the Company for the three months ended March 31, 2018 and 2017 and related notes thereto.

Revenue

~~Our~~We have ~~revenue~~recognized ~~from~~$772,014 ~~operations~~and $295,593 revenue for the three months ended ~~September~~March 3031, ~~2017~~2018 ~~was~~and ~~$12~~2017,~~000~~ ~~compared~~respectively. Prior to $2July 2017,~~000,~~ anour ~~increase~~service fee was at 1.5% per month of ~~$10~~the loan principal. Since July 2017,~~000,~~ ~~from~~we started to charge the service fee as the spread between the borrowers’ interest rate and the investors’ yield rate. We had a total of 554 contracts signed for the three months ended ~~September~~March 3031, ~~2016. This~~2018 ~~increase~~compared isto ~~primarily~~279 ~~due~~contracts tofor anthe ~~increase~~three inmonths ~~sales~~ended March 31, 2017.

Cost of Goods Sold

Our cost of goods sold for the three months ended September 30, 2017 was $0 compared to $0 for the three months ended September 30, 2016.

Gross Profit

Our gross profit for the three months ended September 30, 2017 was $12,000 compared to $2,000 for the three months ended September 30, 2016. This increase in the gross profits is primarily attributed to expanded operations and sales during the fiscal year ended December 2017 to date.

Operating Expenses

~~Our~~Selling ~~operating~~expenses: Our selling expenses ~~increased~~primarily byconsist ~~$6,784~~of expenses relating to advertising, marketing and promotional trips and other community activities for brand promotion purpose. Selling expenses increased from $930,~~563~~750 for the three months ended March ~~September 30~~31, 2017, ~~from~~to $231,~~779~~605 for the three months ended ~~September~~March 3031, ~~2016~~2018. ~~The~~ An increase of $855, or 2.71%, was primarily ~~due~~ attributable to the ~~increases~~increase inof ~~general~~the ~~and~~online ~~administrative~~interactive ~~costs~~promotion ~~related to professional fees~~expenses.

10 25

~~Net~~General ~~Income~~and administrative expenses: Our general and administrative expenses for the three months ended March 31, 2018 and 2017 consisted of the following:

Our net loss decreased by $3,216 to a net gain of $2,437 for the three months ended September 30, 2017 compared to a net loss of $779 for the three months ending September 30, 2016. The increase in net income compared to the prior period is primarily a result of the increase in gross profits.

	Three Months Ended
	March 31,							Percentage
	2018		2017		Change			Change
Payroll and related benefits	$	201,254	$	108,408	$	92,846			86	%
Depreciation expense		9,120		13,910		(4,790	)		(34	%)
Software service fee		26,209		35,715		(9,506	)		(27	%)
Rent and property management expense		71,397		77,388		(5,991	)		(8	%)
Professional fee		96,370		13,319		83,051			624	%
Other		2,784		18,194		(15,410	)		(85	%)
Total	$	407,134	$	266,934	$	140,200			53	%

~~Nine Months~~● ~~Ended September~~Payroll 30and related benefits for the three months ended March 31, ~~2017~~2018 ~~Compared~~increased by $ 92,846, or 86%, as compared to ~~Nine~~the ~~Months~~three ~~Ended September~~months 30ended March 31, 2017. We had more employees in 2018 as our online business expansion.

~~Revenue~~● Depreciation expense for the three months ended March 31, 2018 decreased by $ 4,790, or 34%, as compared to the three months ended March 31, 2017. In the mid of 2017, there were a portion of the fixed assets that have already been fully depreciated. Therefore, they no longer incur depreciation expense in the 2018.

~~Our revenue~~● ~~from~~Software ~~operations~~service fee for the ~~nine~~three months ended ~~September~~March 3031, ~~2017~~2018 ~~was~~decreased ~~$15,600~~by ~~compared to~~ $ 9,~~000~~506, anor ~~increase~~27%, ofas ~~$10,000,~~compared ~~from~~ to the ~~nine~~three months ended ~~September~~March 3031, ~~2016~~2017. ~~This~~ ~~increase~~The isdecrease was primarily ~~due~~attributable to anreal-name ~~increase~~certification fees of our on-line business occurred in ~~sales~~2017,we did not incur such expense during the three months ended March 31, 2018.

~~Cost~~ ● Rent and property management expense for the three months ended March 31, 2018 decreased by $5,991, or 8%, as compared to the three months ended March 31, 2017. The majority of ~~Goods~~the ~~Sold~~change was attributable to the decrease in rent in the monthly rent for the new lease in Beijing was less than the prior lease.

~~Our~~● ~~cost~~Professional offee ~~goods sold~~ for the ~~nine~~three months ended ~~September~~March 3031, ~~2017~~2018 ~~was~~increased by $0 83,051, or 624%, as compared to $0the ~~for~~three months ended March 31, 2017. The increase was primarily attributable to legal fees, audit fees, and other consulting fees of listed company service fees occurred in 2018, We did not incur such expense during the ~~nine~~three months ended ~~September~~March 3031, ~~2016~~2017.

~~Gross~~● ~~Profit~~Other general and administrative expenses for the three months ended March 31, 2018 decreased by $15,410, or 85%, as compared to the three months ended March 31, 2017. The decrease was primarily attributable to the decrease in travel, seminar, printing, and car insurance expenses.

~~Our gross~~Income ~~profit~~(loss) ~~for~~from ~~the nine months ended September 30, 2017 was $15,600 compared to $9,000 for the nine months ended September 30, 2016. This increase in the gross profits is primarily attributed to expanded~~ operations ~~and sales during the fiscal year ended December 2017 to date.~~

~~Operating~~As a result ~~Expenses~~of the factors described above, for the three months ended March 31, 2018, income from operations amounted to $333,275, as compared to loss from operations of $(2,091) for the three months ended March 31, 2017.

~~Our operating~~Other ~~expenses~~income increased by $6,262 to $20,699 for the nine months ended September 30, 2017, from $17,437 for the nine months ended September 30, 2016. The increase was primarily due to the increases in general and administrative costs related to professional fees and setup fees.(expenses)

~~Net~~Other income: Other ~~Income~~income decreased from $21,499 for the three months ended March 31, 2017 to $16,639 for the three months ended March 31, 2018. A decrease of $ 4,860 was primarily attributable to decrease of the vehicle leasing income. On June 30, 2016, Jiucheng Huijin, a related party, and the Company entered a contract to lease two vehicles from the Company. The contract started on June 30, 2016 and expired on January 31, 2018. Pursuant to the terms of the contract, Jiucheng Huijin had agreed to pay a monthly rental fee of RMB 25,000 (approximately $3,600) per vehicle. We recorded three months of such income in 2017 and one month in 2018.

~~Our~~Other expense: Other ~~net~~expense ~~loss~~increased ~~decreased~~from ~~by $3~~1,~~338~~628 ~~to a net loss of $5,099~~ for the ~~nine~~three months ended ~~September~~March 3031, 2017 ~~compared~~ to ~~a net loss of~~ $854,~~437~~ 059 for the ~~nine~~three months ~~ending~~ended ~~September~~March 3031, ~~2016~~2018. The increase inwas ~~net~~primarily ~~income~~attributable ~~compared~~ to the ~~prior~~increase ~~period~~of iscash ~~primarily~~transfer avolumes ~~result~~as of we launched the ~~increase~~bank indepository ~~gross~~system ~~profits~~in July 2017.

Gain from extinguishment of liability: As of March 31, 2018, we recorded $14,299 due to Hong Long Trading Co., Ltd. Hong Long was closed and ceased in business during 2017 and we have no one to pay the liability to as the vendor is no longer exist. Accordingly, we wrote off the liability and recorded a gain from extinguishment of liability in the amount of $14,299 as of March 31, 2018.

Income tax provision

As a result of accumulated net operating losses incurred that allowable tax deductions are greater than its taxable income, there has been no provision for income taxes from the date of inception. The Company has provided full valuation allowance for the deferred tax assets at March 31, 2018 and 2017, which arising from the losses incurred since inception.

Net income

As a result of the factors described above, for the three months ended March 31, 2018, net income amounted to $ 310,154, as compared to net income of $ 17,780 for the three months ended March 31, 2017.

Foreign currency translation loss

The functional currency of our operations in the PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements are translated to U.S. dollars using the period end rates of exchange for assets and liabilities, equity is translated at historical exchange rates, and average rates of exchange (for the period) are used for revenues and expenses and cash flows. Transaction gains and or losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. As a result of foreign currency translations, which are a noncash adjustment, we reported a foreign currency translation gain of $ 71,581 for the three months ended March 31, 2018, as compared to a foreign currency translation gain of $ 133,775 for the three months ended March 31, 2017. The noncash gain had the effect of increasing our reported comprehensive income for the three months ended March 31, 2018 and 2017.

Comprehensive income (loss)

As a result of our foreign currency translation loss, we had comprehensive income for the three months ended March 31, 2018 of $381,735 compared to comprehensive income of $151,560 for the three months ended March 31, 2017.

Liquidity and Capital Resources

~~Introduction~~As of March 31, 2018, we had a cash balance of $2,405,949. During the three months ended March 31, 2018, net cash provided by operating activities totaled to $400,092. Net cash used in financing activities totaled to $7,848 in connection with repayment of working capital advances from our related parties. Effect of exchange rate change on cash totaled $72,555. The resulting change in cash for the period was an increase of $464,799, which was primarily due to reduction of cash outflow with related parties and net cash generated from our operating activities.

As of March 31, 2017, we had a cash balance of $518,708. During the ~~nine~~three months ended ~~September 30~~March 31, 2017, wenet ~~began~~cash toused ~~reduce~~in ~~our~~operating ~~net~~activities totaled ~~loss,~~to ~~however~~$282,461. weNet ~~still~~cash used ~~net~~in ~~cash~~investing ofactivities totaled to $(1 2,~~966)~~758,192 in ~~compared~~connection with working capital advances made to and received repayments from our related parties. Net cash provided by financing activities totaled to $~~(12~~3,~~937)~~546,849 ~~for~~in ~~the~~connection with ~~period~~working ~~ended September~~capital ~~30,~~advances ~~2016~~received from our related parties. ~~Our~~Effect ~~cash~~of exchange rate change on ~~hand~~cash astotaled of$412. ~~September~~The ~~30,~~resulting change ~~2017~~in cash for the period was an increase of $8505,~~952~~784, which was primarily due to working capital advances received from related parties.

~~Cash Requirements~~27

WeThe ~~had~~following table ~~cash~~sets ~~available~~forth ofa ~~$8,952~~summary as of ~~September. Based~~changes onin ~~our revenues,~~ cash onflow ~~hand~~from ~~and current monthly burn rate, we believe that our operations are not sufficient to fund operations through December 31, 2017. For~~ the three months ended ~~September~~March 3031, ~~2017,~~2018 ~~the~~to ~~Compay~~March ~~did see a net gain of $2~~31,~~437,~~ ~~but this gain was not sufficient to cover cashflow for operations.~~2017:

Sources and Uses of Cash

	Three Months Ended
	March 31,									Percentage
	2018			2017			Change			Change
Net cash provided by (used in) operating activities	$	400,092		$	(282,461	)	$	682,553			242	%
Net cash used in investing activities		-			(2,758,192	)		2,758,192			100	%
Net cash (used in) provided by financing activities		(7,848	)		3,546,849			(3,554,697	)		(100	%)
Effect of exchange rate change on cash		72,555			(412	)		72,967			17,710	%
Total net change in cash and cash equivalents	$	464,799		$	505,784		$	(40,985	)		(8	%)

~~Operations~~Net cash provided by (used in) operating activities increased by $682,553 to $400,092 during the three months ended March 31, 2018 from ($282,461) during the three months ended March 31, 2017. This increase is primarily attributable to:

We● ~~had~~An ~~net~~increase ~~cash provided~~ in ~~operating~~net ~~activities of~~income ~~$(1,966) for the nine months ended September 30, 2017, as compared to cash used~~ of $12292,~~937 for the nine months ended September 30, 2017.~~374

~~Net~~● ~~cash~~A ~~provided~~decrease in ~~operations~~other ~~consisted primarily~~receivables of ~~the net loss of~~ $~~5,099.~~ ~~Changes in assets and liabilities consisted of increases in accounts receivable $2~~64,~~500, and an increase in accounts payable of $633.~~642

Investments

●

An increase in amount due from related parties of $246,245

●

An increase in advance from customers of $152,533

· An increase in other payables of $129,652

· A decrease in VAT payable of $113,803

WeNet ~~had no net~~ cash used in investing activities was $-0- for the ~~nine~~three months ended ~~September~~March 3031, 2018 as compared to $ 2,758,192 for the three months ended March 31, 2017. During the three months ended March 31, 2017, we made advances to our related parties for working capital totaled $9,165,199 and received repayment from our related partiers totaled $ 6,407,007.

~~Financing~~Net cash provided by (used in) financing activities was ($7,848) for the three months ended March 31, 2018 as compared to $ 3,546,849 for the three months ended March 31, 2017. During the three months ended March 31, 2018, we made repayment to our related parties totaled $7,848. During the three months ended March 31, 2017, we received working capital advances from our related parties totaled $3,546,849.

WeThe ~~had~~following table ~~net~~sets ~~cash~~forth ~~provided~~a insummary ~~financing activities~~ of ~~$465~~changes ~~for~~in ~~the~~our ~~nine~~working ~~months~~capital ~~ended~~from ~~September~~December 3031, 2017, ~~as compared~~ to ~~net~~March ~~cash provided in financing activities of $16~~31,~~540~~ ~~for the nine months ended September 30, 2016.~~ 2018:

	March 31,		December 31,				Percentage
	2018		2017		Change		Change
Current Assets	$	2,894,014	$	2,302,707	$	591,307		26	%
Current Liabilities		670,352		466,274		204,078		44	%
	$	2,223,662	$	1,836,433	$	387,229		21	%

Our working capital increased by $387,229 to $2,223,662 at March 31, 2018 from $1,836,433 at December 31, 2017. This increase in working capital is primarily attributable to:

●

An increase in cash and cash equivalents of $464,799

	●	An increase in other receivable of $64,777

	●	An increase in due from related parties of $96,855

	●	A decrease in VAT payable of $90,327

Offset by:

●

An increase in other payable of $146,709

●

An increase in advance from customers of $135,656

Because the exchange rate conversion is different for the balance sheets and the statements of cash flows, the changes in assets and liabilities reflected on the statements of cash flows are not necessarily identical with the comparable changes reflected on the balance sheets.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements ~~that~~ ~~have~~including orarrangements ~~are~~that ~~reasonably~~would ~~likely~~affect ~~to have a current or future effect on~~ our ~~financial condition~~liquidity, ~~changes~~capital ~~in financial condition~~resources, ~~revenues~~ ormarket ~~expenses,~~risk ~~results~~support and ofcredit ~~operations,~~risk ~~liquidity,~~support ~~capital expenditures~~ or ~~capital~~other ~~resources that we consider material~~benefits.

~~Going~~Quantitative ~~Concern~~and Qualitative Disclosures About Market Risk

~~Our financial~~Foreign ~~statements~~Exchange are prepared using generally accepted accounting principles, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. Because the business is relatively new and has a short history and relatively few sales, no certainty of continuation can be stated. The accompanying financial statements for the three months and nine months ended September 30, 2017 and 2016 have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.Risk

~~The~~While ~~Company~~our reporting ~~has~~currency ~~incurred~~is ~~losses~~the ~~from~~US ~~operations~~dollar, all of our revenues and costs and expenses are denominated in RMB. All of our assets are denominated in RMB except for some cash and ~~has~~cash equivalents and accounts receivables. As a ~~working~~result, ~~capital~~we ~~deficit~~are exposed to foreign exchange risk as our revenues and results of operations may be affected by fluctuations in the exchange rate between US dollar and RMB. If the RMB depreciates against the US dollar, ~~which~~the ~~raises~~value ~~substantial~~of ~~doubt~~our ~~about~~RMB ~~its~~revenues, ~~ability~~earnings toand ~~continue~~assets as aexpressed ~~going~~in ~~concern~~our US dollar financial statements will decline. We have not entered into any hedging transactions in an effort to reduce our exposure to foreign exchange risk.

~~Item 3. Quantitative and Qualitative Disclosures about Market Risk~~Inflation

WeInflationary ~~are~~factors asuch ~~smaller~~as ~~reporting~~increases ~~company~~in the costs of our products and ~~therefore,~~overhead wecosts ~~are~~may ~~not~~adversely ~~required~~affect toour ~~provide~~operating ~~information~~results. ~~required~~Inflation in byChina ~~this~~has ~~Item~~recently ofincreased ~~Form~~substantially. The inflation rate in China was reported at approximately 2.2% for 2018 and 2.0% for 2017 (see 10http://www.statista.com/statistics/270338/inflation-Qrate-in-china/).

~~Item~~These 4factors have led to the adoption by the Chinese government, of various corrective measures designed to restrict the availability of credit or regulate growth and contain inflation. ~~Controls~~Price inflation can affect our ability to maintain current levels of gross margin and selling ~~Procedures~~and distribution, general and administrative expenses as a percentage of net revenues if we are unable to pass along raw material price increases to customers. Accordingly, inflation in China may weaken our competitiveness domestically or in international markets.

~~Evaluation~~Off-Balance ofSheet ~~Disclosure Controls and Procedures~~Arrangements

~~Disclosure~~As ~~controls~~of ~~and procedures (as~~March ~~defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded~~31, ~~processed~~2018, ~~summarized~~we ~~and~~have ~~reported~~no ~~within~~off-balance ~~the~~sheet ~~time periods specified in SEC rules and forms~~arrangements. Disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to management, including the principal executive officer and principal financial officer, to allow timely decisions regarding required disclosures.

We carried out an evaluation, under the supervision and with the participation of management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2016. In designing and evaluating the disclosure controls and procedures, management recognizes that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their desired control objectives. Additionally, in evaluating and implementing possible controls and procedures, management is required to apply its reasonable judgment. Based on the evaluation described above, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report because we did not document our Sarbanes-Oxley Act Section 404 internal controls and procedures.29

~~As funds become available to us, we expect~~Item to3. ~~implement~~Quantitative ~~additional measures to improve disclosure controls~~ and ~~procedures~~Qualitative ~~such~~Disclosures asabout ~~implementing~~Market ~~and documenting our internal controls procedures.~~Risk

~~Changes~~We are ina ~~internal~~smaller ~~controls~~reporting ~~over financial~~company ~~reporting~~and therefore, we are not required to provide information required by this Item of Form 10-Q.

~~There have been~~Item no4. ~~changes~~Controls inand our internal control over financial reporting during the quarter ended September 30, 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.Procedures

~~Limitations~~Evaluation onof ~~the~~Disclosure ~~Effectiveness~~Controls ofand ~~Controls~~ Procedures

~~A control system, no matter how well~~Disclosure ~~designed~~controls and ~~operated,~~procedures ~~can~~(as ~~provide~~defined ~~only~~in ~~reasonable,~~Rules ~~not~~13a-15(e) ~~absolute, assurance that the control system’s objectives will be met. The Company’s management, including its Principal Executive Officer~~ and ~~its~~15d-15(e) ~~Principal~~under ~~Financial Officer, do not expect that~~ the ~~Company’s~~Exchange ~~disclosure~~Act) ~~controls~~are ~~will~~designed ~~prevent~~to orensure ~~detect all errors and all fraud. Further, the design of a control system must reflect the fact~~ that ~~there are resource constraints, and the benefits of controls must be considered~~information ~~relative~~required to ~~their~~be ~~costs. Because~~disclosed ~~of the inherent limitations~~ in ~~all~~reports ~~control~~filed ~~systems,~~or nosubmitted ~~evaluation~~under ofthe ~~controls~~Exchange ~~can~~Act ~~provide absolute~~is ~~assurance that all control issues and instances of fraud~~recorded, ~~if any~~processed, ~~within~~summarized ~~the~~and ~~Company have been detected. These inherent~~reported ~~limitations~~within ~~include~~ the ~~realities~~time ~~that~~periods ~~judgments~~specified in ~~decision-making~~SEC ~~can~~rules ~~be faulty,~~ and ~~that~~forms. ~~breakdowns~~Disclosure ~~can~~controls ~~occur~~and ~~because~~procedures ofare ~~simple error or mistake. Controls can~~ also bedesigned ~~circumvented~~to byensure ~~the individual acts of some persons, by collusion of two or more people,~~that orsuch byinformation ~~management override of the controls. The design of any system of controls~~ is ~~based~~accumulated ~~in part upon certain assumptions about the likelihood of future events,~~ and ~~there~~communicated ~~can~~to ~~be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time~~management, ~~controls~~including ~~may become inadequate because of changes in conditions or deterioration in~~ the ~~degree~~principal ofexecutive ~~compliance~~officer ~~with~~and ~~associated~~principal ~~policies or procedures. Because of the inherent limitations in a~~financial ~~cost-effective control system~~officer, ~~misstatements due~~ to ~~error~~allow ortimely ~~fraud~~decisions ~~may~~regarding ~~occur~~required ~~and not be detected~~disclosures.

12 We carried out an evaluation, under the supervision and with the participation of management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2018. In designing and evaluating the disclosure controls and procedures, management recognizes that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their desired control objectives. Additionally, in evaluating and implementing possible controls and procedures, management is required to apply its reasonable judgment. Based on the evaluation described above, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report because we did not document our Sarbanes-Oxley Act Section 404 internal controls and procedures.

~~PART~~As funds IIbecome –available ~~OTHER~~to ~~INFORMATION~~us, we expect to implement additional measures to improve disclosure controls and procedures such as implementing and documenting our internal controls procedures.

~~ITEM~~Changes in 1.internal ~~LEGAL~~controls ~~PROCEEDINGS~~over financial reporting

~~From~~There have ~~time~~been tono ~~time,~~changes ~~we may become involved~~ in ~~various~~our ~~lawsuits~~internal ~~and~~control ~~legal~~over ~~proceedings,~~financial ~~which~~reporting ~~arise~~during in the ~~ordinary~~quarter ~~course~~ended ofMarch ~~business. However~~31, ~~litigation~~2018 that ishas ~~subject to inherent~~materially ~~uncertainties~~affected, ~~and an adverse result in these~~ or ~~other~~is ~~matters~~reasonably ~~may~~likely ~~arise from time~~ to ~~time~~materially ~~that may harm business. We are currently not aware of any such legal proceedings or claims that will have~~affect, ~~individually~~our orinternal incontrol ~~the~~over ~~aggregate, a material adverse effect on our business,~~ financial ~~condition or operating results~~reporting.

~~ITEM~~Limitations on ~~1A.~~the ~~RISK~~Effectiveness ~~FACTORS~~of Controls

WeA control ~~are~~system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The Company’s management, including its Principal Executive Officer and its Principal Financial Officer, do not expect that the Company’s disclosure controls will prevent or detect all errors and all fraud. Further, the design of a ~~smaller~~control ~~reporting~~system ~~company~~must asreflect ~~defined~~the fact that there are resource constraints, and the benefits of controls bymust ~~Rule~~be ~~12b-2~~considered relative to their costs. Because of the ~~Securities~~inherent ~~Exchange~~limitations ~~Act~~in all control systems, no evaluation of ~~1934~~controls can provide absolute assurance that all control issues and instances of fraud, asif ~~such~~any, ~~are~~within ~~not~~the ~~required~~Company tohave ~~provide~~been detected. These inherent limitations include the ~~information~~realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls 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 ~~this~~all ~~item~~potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with associated policies or procedures. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

~~ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS~~30

~~None.~~PART II – OTHER INFORMATION

ITEM 3 1. ~~DEFAULTS~~LEGAL ~~UPON SENIOR SECURITIES~~PROCEEDINGS

~~None~~From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

ITEM 4 1A. ~~MINE~~RISK ~~SAFETY DISCLOSURES~~FACTORS

~~Not~~We are ~~applicable~~a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to ~~our~~provide ~~operations~~the information under this item.

ITEM 5 2. ~~OTHER~~UNREGISTERED ~~INFORMATION~~SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 6 3. ~~EXHIBITS~~DEFAULTS UPON SENIOR SECURITIES

Exhibit No.		Exhibit Description
3.1		Articles of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Form S-1 filed with the SEC on June 27, 2014)
3.2		Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Form S-1 filed with the SEC on June 27, 2014)
31.1		Certification of the Chief Executive and Financial Officer required under Rule 13a-14(a)/15d-14(a) of the Exchange Act
32.1		Certification of the Chief Executive and Financial Officer required under Section 1350 of the Exchange Act
101 INS		XBRL Instance Document
101 SCH		XBRL Taxonomy Schema
101 CAL		XBRL Taxonomy Extension Calculation Linkbase
101 DEF		XBRL Taxonomy Extension Definition Linkbase
101 LAB		XBRL Taxonomy Extension Label Linkbase
101 PRE		XBRL Taxonomy Extension Presentation Linkbase

None.

13 ITEM 4. MINE SAFETY DISCLOSURES

~~SIGNATURES~~Not applicable to our operations.

~~Pursuant to the requirements of the Securities~~ITEM ~~Exchange~~5. ~~Act~~OTHER ~~of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.~~INFORMATION

	Spirit International, Inc.
Date: November 15, 2017	By: /s/ Zur Dadon
	Zur Dadon
	Chief Executive Officer

None.

14 ITEM 6. EXHIBITS

Exhibit No.		Exhibit Description

31.1		Certification of the Chief Executive Officer required under Rule 13a-14(a)/15d-14(a) of the Exchange Act

31.2		Certification of the Chief Financial Officer required under Rule 13a-14(a)/15d-14(a) of the Exchange Act

32.1		Certification of the Chief Executive Officer required under Section 1350 of the Exchange Act

32.2		Certification of the Chief Financial Officer required under Section 1350 of the Exchange Act

101 INS		XBRL Instance Document

101 SCH		XBRL Taxonomy Schema

101 CAL		XBRL Taxonomy Extension Calculation Linkbase

101 DEF		XBRL Taxonomy Extension Definition Linkbase

101 LAB		XBRL Taxonomy Extension Label Linkbase

101 PRE		XBRL Taxonomy Extension Presentation Linkbase

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.

	JIUCAITONG GROUP LIMITED

Date: May 15, 2018	By:	/s/ Xuefei Kang
		Xuefei Kang
		Chief Executive Officer

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