Organization and Business Background

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE - 2 ORGANIZATION AND BUSINESS BACKGROUND

Wunong Asia Pacific Company Limited (“Asia Pacific” or the “Company” or “we” or “us” or “PADR”) was incorporated in Nevada on June 23, 2011.

Through our wholly-owned subsidiary, Million Place, we are presently engaged in the development and management of commercial real estate assets in cooperation with our joint venture partner, Xiushan Qin in Yulong Pump.

Our current business activities are governed by a joint venture contract dated May 22, 2014 between Million Place and Xiushan Qin pursuant to which states that we intend to jointly engage in the manufacture of industrial boilers, the provision of consultancy services for the design of boiler systems, the manufacture of industrial water pumps and accessories, and the acquisition and development of real estate. Pursuant to the joint venture contract, Million Place is solely responsible for all operations and management of the joint venture and has the exclusive authority to enter into agreements on behalf of the joint venture. Million Place will in turn receive compensation for services it provides to the joint venture and shall be entitled to a 49% share of profit generated by the joint venture.

In the meantime, our management has been analyzing the various alternatives available to ensure our survival and to preserve our shareholder’s investment in our common shares. This analysis has included sourcing additional forms of financing to continue our business objective of developing and managing Yulong Pump’s Wuchuan and Wulanteqianqi properties, or mergers and/or acquisitions. At this stage in our operations, we believe either course is acceptable, as our operations have not been profitable and our future prospects for our business are not good without further financing.

Description of subsidiary and associate

Name	Place of incorporation and kind of legal entity	Principal activities and place of operation	Particulars of issued/ registered share capital	Effective interest held

Million Place Investments Limited	British Virgin Island	Investment holding	10,000 ordinary shares at US$1		100	%

Inner Mongolia Yulong Pump Production Company Limited	The PRC, a limited liability company	Manufacture of water pump systems	RMB30,000,000		49	%

The Company and its subsidiary are hereinafter referred to as (the “Company”).

WUNONG ASIA PACIFIC Co Ltd 10-Q