UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~June~~ September 30, 2017

¨	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: 0-25765

China Senior Living Industry International Holding Corporation

(Exact Name of Registrant as Specified in Its Charter)

Nevada		87-0429748
(State of Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

No.28, Xi Hua South Rd., High-Tech Zone, Xian Yang City, Shaanxi Province, PRC		712000
(Address of Principal Executive Offices)		(ZIP Code)

(011) (86) 29-33257666

(Registrant’s Telephone Number, Including Area Code)

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

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

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

Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x Emerging growth company ¨x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

~~Indicate~~As ~~the number~~ of ~~shares~~September ~~outstanding~~21, of2018, ~~each~~the ofRegistrant ~~the~~had ~~issuer’s~~56,560,007 ~~classes~~shares of common stock, ~~as of the latest practicable date~~outstanding.

As of August 14, 2017, the Registrant had 56,560,007 shares of common stock outstanding.

TABLE OF CONTENTS

		Page
PART I - FINANCIAL INFORMATION
Item 1.	FINANCIAL STATEMENTS	4
Item 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	245
Item 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	289
Item 4.	CONTROLS AND PROCEDURES	289
PART II - OTHER INFORMATION
Item 1.	LEGAL PROCEEDINGS	2910
Item 1A.	RISK FACTORS	2910
Item 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	2910
Item 3.	DEFAULTS UPON SENIOR SECURITIES	2910
Item 4.	MINE SAFETY DISCLOSURE	2910
Item 5.	OTHER INFORMATION	2910
Item 6.	EXHIBITS	3011

Throughout this Quarterly Report on Form 10-Q, the “Company”, “we,” “us,” and “our,” refer to China Senior Living Industry International Holding Corporation, a Nevada corporation and all of its subsidiaries unless otherwise indicated or the context otherwise requires.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains certain forward-looking statements. The statements herein which are not historical reflect our current expectations and projections about the Company’s future results, performance, liquidity, financial condition, prospects and opportunities and are based upon information currently available to us and our management and our interpretation of what we believe to be significant factors affecting our business, including many assumptions about future events. Such forward-looking statements include statements regarding, among other things:

	·	our ability to produce, market and generate sales of our products and services;
	·	our ability to develop and/or introduce new products and services;
	·	our projected future sales, profitability and other financial metrics;
	·	our future financing plans;
	·	our anticipated needs for working capital;
	·	the anticipated trends in our industry;
	·	our ability to expand our sales and marketing capability;
	·	acquisitions of other companies or assets that we might undertake in the future;
	·	competition existing today or that will likely arise in the future; and
	·	other factors discussed elsewhere herein.

Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “should,” “will,” “plan,” “could,” “target,” “contemplate,” “predict,” “potential,” “continue,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek,” or “project” or the negative of these words or other variations on these or similar words. Actual results, performance, liquidity, financial condition and results of operations, prospects and opportunities could differ materially from those expressed in, or implied by, these forward-looking statements as a result of various risks, uncertainties and other factors, including the ability to raise sufficient capital to continue the Company’s operations. These statements may be found under Part I, Item 2-”Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as elsewhere in this Quarterly Report on Form 10-Q generally. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, matters described in this Quarterly Report on Form 10-Q.

In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Quarterly Report on Form 10-Q will in fact occur.

Potential investors should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

The forward-looking statements in this Quarterly Report on Form 10-Q represent our views as of the date of this Quarterly Report on Form 10-Q. Such statements are presented only as a guide about future possibilities and do not represent assured events, and we anticipate that subsequent events and developments will cause our views to change. You should, therefore, not rely on these forward-looking statements as representing our views as of any date after the date of this Quarterly Report on Form 10-Q.

This Quarterly Report on Form 10-Q also contains estimates and other statistical data prepared by independent parties and by us relating to market size and growth and other data about our industry. These estimates and data involve a number of assumptions and limitations, and potential investors are cautioned not to give undue weight to these estimates and data. We have not independently verified the statistical and other industry data generated by independent parties and contained in this Quarterly Report on Form 10-Q. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries in which we operate are necessarily subject to a high degree of uncertainty and risk.

Potential investors should not make an investment decision based solely on our projections, estimates or expectations.

3 Table of Contents

PART I.

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Content		Page
Report of Independent Registered Public Accounting Firm		5
Unaudited Condensed Consolidated Balance Sheets		6
Unaudited Condensed Consolidated Statements of Income and Comprehensive Income		7
Unaudited Condensed Consolidated Statements of Cash Flows		8
Notes to Condensed Consolidated Financial Statements		9

China Senior Living Industry International Holding Corporation

4Unaudited ~~Table~~Condensed ofConsolidated ~~Contents~~Financial Statements

~~REPORT~~September OF30, ~~INDEPENDENT~~2017 ~~REGISTERED~~and ~~PUBLIC~~December ~~ACCOUNTING~~31, ~~FIRM~~2016

To(Stated ~~the~~in ~~Board~~U.S. ~~of Directors and Stockholders of~~Dollars)

China Senior Living Industry International Holding Corporation

Content	Page

Report of Independent Registered Public Accounting Firm		F-1

Unaudited Condensed Consolidated Balance Sheets		F-2

Unaudited Condensed Consolidated Statements of Income and Comprehensive Income		F-3

Unaudited Condensed Consolidated Statements of Cash Flows		F-4

Notes to Condensed Consolidated Financial Statements	F-5

We4 ~~have~~Table ~~reviewed the accompanying interim condensed consolidated balance sheets~~ of China Senior Living Industry International Holding Corporation (“the Company”) as of June 30, 2017 and December 31, 2016, and the related condensed consolidated statements of income and comprehensive income and cash flows for the three and six-month periods ended June 30, 2017 and 2016. These interim condensed consolidated financial statements are the responsibility of the Company’s management.Contents

WeREPORT ~~conducted~~OF ~~our~~INDEPENDENT ~~review~~REGISTERED inPUBLIC ~~accordance~~ACCOUNTING with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.FIRM

~~Based~~To onthe ~~our~~Board ~~reviews, we are not aware~~ of ~~any~~Directors ~~material~~and ~~modifications~~Stockholders that should be made to the accompanying interim condensed consolidated financial statements referred to above for them to be in conformity with accounting principles generally accepted in the United States of ~~America.~~

~~We have previously audited, in accordance with auditing standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of~~ China Senior Living Industry International Holding Corporation as of December 31, 2016, and the related statements of income, comprehensive income, stockholders’ equity, and cash flows for the year then ended (not presented herein); and in our report dated May 15, 2017, we expressed an unqualified opinion on those financial statements. In our opinion, the information set forth in the accompanying consolidated balance sheet as of December 31, 2016, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived.

~~The~~Results ~~accompanying~~of ~~financial~~Review statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 15 to the financial statements, the Company had incurred substantial losses, which raises substantial doubt about its ability to continue as a going concern. Management’s plans in regards to these matters are also described in Note 16. These financial statements do not include any adjustments that might result from the outcome of ~~this~~Financial ~~uncertainty.~~Statements

San Mateo, California	WWC, P.C.
August 18, 2017	Certified Public Accountants

We have reviewed the accompanying condensed consolidated balance sheet of China Senior Living Industry International Holding Corporation and its subsidiaries (the Company) as of September 30, 2017, the related condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2017 and 2016, and the condensed consolidated statements of cash flows for the nine months ended September 30, 2017 and 2016, including the related notes (collectively referred to as the “interim consolidated financial statements”). Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America.

5We ~~Table~~have previously audited, in accordance with the standards of ~~Contents~~the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheet of the Company as of December 31, 2016, and the related statements of operations, comprehensive loss, changes in shareholders’ equity and cash flows for the year then ended (not presented herein), and in our report dated May 15, 2017, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2016 is fairly stated in all material respects in relation to the consolidated financial statements from which it has been derived.

~~China~~The ~~Senior~~accompanying ~~Living~~consolidated ~~Industry~~financial ~~International~~statements ~~Holding~~have ~~Corporation~~been prepared assuming that the Company will continue as a going concern. As discussed in Note 15 to the consolidated financial statements, the Company had incurred substantial accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. Management’s plan in regards to these matters are described in Note 15. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~Condensed~~Basis ~~Consolidated~~for ~~Balance~~Review ~~Sheets (Unaudited)~~Results

AsThese interim consolidated financial statements are the responsibility of ~~June~~the ~~30,~~Company’s ~~2017~~management. We are a public accounting firm registered with the PCAOB and ~~December~~are 31required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our review in accordance with the standards of the PCAOB. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the PCAOB, ~~2016~~the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

~~(Stated~~WWC, ~~in U~~P.SC. ~~Dollars)~~

	6/30/2017			12/31/2016
ASSETS
Current assets
Cash and cash equivalents	$	22,897		$	4,270
Accounts receivable – related party, net		94			1,141
Related party receivable		1,024,659			945,317
Total current assets		1,047,650			950,728
Non-current asset
Intangible asset, net		204			199
TOTAL ASSETS	$	1,047,854		$	950,927
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accrued and other liabilities	$	146,745		$	133,248
Related party advances		-			3,263
Related party payable		375,200			358,367
TOTAL LIABILITIES	$	521,945		$	494,878
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding	$	-		$	-
Common stock, $0.001 par value; 200,000,000 shares authorized, 56,560,007 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively		56,560			56,560
Additional paid in capital		1,083,474			1,083,474
Statutory reserve		53,594			53,594
Accumulated other comprehensive loss		(49,203	)		(72,883	)
Accumulated deficit		(618,516	)		(664,696	)
Total Stockholders’ equity	$	525,909		$	456,049
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,047,854		$	950,927

Certified Public Accountants

~~See~~San ~~Accompanying~~Mateo, ~~Notes to the Financial Statements and Accountant’s Report~~CA

6October ~~Table~~4, ~~of Contents~~2018

~~China~~F-1 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Income~~International ~~and~~Holding ~~Comprehensive~~Corporation ~~Income (Unaudited)~~

~~For~~Condensed ~~the~~Consolidated ~~three~~Balance ~~and~~Sheets ~~six-month periods ended June 30, 2017 and 2016~~(Unaudited)

~~(Stated~~As inof ~~U.S.~~September ~~Dollars)~~30, 2017 and December 31, 2016

	For the three months ended					For the six months ended
	6/30/2017		6/30/2016			6/30/2017		6/30/2016
Revenues – related party	$	116,509	$	122,490		$	234,906	$	238,218
Cost of revenues		77,972		81,029			156,144		165,094
Gross profit		38,537		41,461			78,762		73,124
Operating expenses
General and administrative expenses		28,477		47,296			32,584		80,055
Operating income/(loss)		10,060		(5,835	)		46,178		(6,931	)
Other income
Interest income		1		8			3		19
Total other income		1		8			3		19
Earnings/(loss) before tax		10,061		(5,827	)		46,181		(6,912	)
Income tax		-		-			-		-
Net income/(loss)	$	10,061	$	(5,827	)	$	46,181	$	(6,912	)
Other comprehensive income:
Foreign currency translation gain		16,640		(26,813	)		23,680		(20,726	)
Comprehensive income/(loss)	$	26,701	$	(32,640	)	$	69,861	$	(27,638	)
Earnings/(loss) per share
Basic	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)
Diluted	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)
Weighted average number of Common shares outstanding
Basic		56,560,007		56,000,007			56,560,007		56,000,007
Diluted		56,560,007		56,000,007			56,560,007		56,000,007

(Stated in U.S. Dollars)

See Accompanying Notes to the Financial Statements and Accountant’s Report

	9/30/2017			12/31/2016
ASSETS

Current assets
Cash and cash equivalents	$	4,070		$	4,270
Accounts receivable – related party, net		1,310			1,141
Related party receivable		1,096,101			945,317
Total current assets		1,101,481			950,728
Non-current asset
Intangible asset, net		208			199
TOTAL ASSETS	$	1,101,689		$	950,927

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities
Accrued and other liabilities	$	156,111		$	133,248
Related party advances		1,662			3,263
Related party payable		377,342			358,367
TOTAL LIABILITIES	$	535,115		$	494,878

COMMITMENTS AND CONTINGENCIES

Stockholders’ equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding	$	-		$	-
Common stock, $0.001 par value; 200,000,000 shares authorized, 56,560,007 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively		56,560			56,560
Additional paid in capital		1,083,474			1,083,474
Statutory reserve		53,594			53,594
Accumulated other comprehensive loss		(30,555	)		(72,883	)
Accumulated deficit		(596,499	)		(664,696	)
Total Stockholders’ equity	$	566,574		$	456,049

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,101,689		$	950,927

7See ~~Table~~Accompanying ofNotes ~~Contents~~to the Financial Statements and Accountant’s Report

~~China~~F-2 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Cash~~International ~~Flows~~Holding ~~(Unaudited)~~Corporation

~~For~~Condensed ~~the~~Consolidated ~~six-month~~Statements ~~period~~of ~~ended~~Operations ~~June~~and ~~30,~~Comprehensive ~~2017~~Income/(Loss) ~~and 2016~~(Unaudited)

~~(Stated~~For inthe ~~U.S.~~three ~~Dollars)~~and nine-month periods ended September 30, 2017 and 2016

	6/30/2017			6/30/2016
Cash flows from operating activities
Net income/(loss)	$	46,181		$	(6,912	)
Increase in related party receivable		(54,219	)		(18,717	)
Decrease in accrued liabilities		(1,973	)		(12,216	)
(Decrease)/increase in related party advances		(3,296	)		886
Net cash used in operating activities		(13,307	)		(36,959	)
Cash flows from financing activities
Increase in related party payable		30,547			87,414
Net cash provided by investing activities		30,547			87,414
Net increase of cash and cash equivalents		17,240			50,455
Effect of foreign currency translation on cash and cash equivalents		1,387			(2,057	)
Cash and cash equivalents – beginning of period		4,270			42,166
Cash and cash equivalents – end of period	$	22,897		$	90,564
Supplementary cash flow information:
Interest received	$	3		$	19
Interest paid	$	-		$	-
Income tax paid	$	-		$	-

(Stated in U.S. Dollars)

See Accompanying Notes to the Financial Statements and Accountant’s Report

	For the three months ended					For the nine months ended
	9/30/2017		9/30/2016			9/30/2017		9/30/2016


Revenues – related party	$	120,001	$	120,014		$	354,907	$	358,232
Cost of revenues		84,417		91,051			240,561		256,145
Gross profit		35,584		28,963			114,346		102,087

Operating expenses
General and administrative expenses		13,569		35,922			46,153		115,977

Operating income/(loss)		22,015		(6,959	)		68,193		(13,890	)

Other income
Interest income		1		5			4		24
Total other income		1		5			4		24

Earnings/(loss) before tax		22,016		(6,954	)		68,197		(13,866	)

Income tax		-		-			-		-

Net income/(loss)	$	22,016	$	(6,954	)	$	68,197	$	(13,866	)

Other comprehensive income:
Foreign currency translation gain/(loss)		18,648		(3,424	)		42,328		(24,150	)
Comprehensive income/(loss)	$	40,664	$	(10,378	)	$	110,525	$	(38,016	)

Earnings/(loss) per share
Basic	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)
Diluted	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)

Weighted average number of Common shares outstanding
Basic		56,560,007		56,000,007			56,560,007		56,000,007
Diluted		56,560,007		56,000,007			56,560,007		56,000,007

8See ~~Table~~Accompanying ofNotes ~~Contents~~to the Financial Statements and Accountant’s Report

~~China~~F-3 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Cash~~International ~~Flows~~Holding ~~(Unaudited)~~Corporation

~~For~~Condensed ~~the~~Consolidated ~~six-month~~Statements ~~period~~of ~~ended~~Cash ~~June~~Flows ~~30, 2017 and 2016~~(Unaudited)

~~(Stated~~For inthe ~~U.S.~~nine-month ~~Dollars)~~period ended September 30, 2017 and 2016

1.(Stated ~~organization,~~in ~~basis~~U.S. ~~of presentation, and principal activities~~Dollars)

(a) Organization history

	9/30/2017			9/30/2016


Cash flows from operating activities
Net income/(loss)	$	68,197		$	(13,866	)

Increase in related party receivable		(107,380	)		(129,769	)
Increase/(Decrease) in accrued liabilities		7,035			(1,647	)
(Decrease)/increase in related party advances		(1,713	)		1,365
Net cash used in operating activities		(33,861	)		(143,917	)

Cash flows from financing activities
Increase in related party payable		32,468			109,816
Net cash provided by financing activities		32,468			109,816

Net decrease of cash and cash equivalents		(1,395	)		(34,101	)

Effect of foreign currency translation on cash and cash equivalents cashceequivalents		1,195			(2,378	)

Cash and cash equivalents – beginning of period		4,270			42,166
Cash and cash equivalents – end of period	$	4,070		$	5,687

Supplementary cash flow information:
Interest received	$	4		$	24
Interest paid	$	-		$	-
Income tax paid	$	-		$	-

~~China~~See ~~Senior~~Accompanying ~~Living~~Notes ~~Industry~~to ~~International Holding Corporation (~~the ~~“Company”),~~Financial ~~formerly~~Statements known as China Forestry, Inc., was incorporated under the laws of the State of Nevada on January 13, 1986 under the name of Patriot Investment Corporation. The Company engaged in the business of plantation and ~~sale~~Accountant’s ~~of garden plants.~~Report

OnF-4 ~~July~~Table ~~15,~~of ~~2010, the Company entered into a Share Exchange with Financial International (Hong Kong) Holdings Co. Limited (“FIHK”).~~Contents

From April 1, 2010 to May 20, 2011, FIHK had a series of contractual arrangements with Hanzhong Hengtai Bio-Tech Limited (“Hengtai”), a company organized and existing under the laws of the People’s Republic of China ~~that~~Senior isLiving ~~engaged~~Industry inInternational ~~the~~Holding ~~plantation~~Corporation ~~and sale of garden plants used for landscaping, including Chinese Yew, Aesculus, Dove Tree and Dendrobium.~~

OnNotes ~~May 20, 2011, FIHK exercised its rights under the Exclusive Option Agreement~~ to ~~direct~~Condensed ~~Xi’an~~Consolidated QiFinancial ~~Ying~~Statements ~~Senior Living, Inc.~~ (~~formerly known as Xi’an Qi Ying Bio-Tech Limited~~Unaudited), a company organized and existing under the laws of the People’s Republic of China (“Qi Ying”), the indirect wholly owned subsidiary of FIHK, to acquire all of the equity capital of Hengtai. The Exclusive Option Agreement was exercised in a manner that the shareholders of Hengtai transferred all of their equity capital in Hengtai to Qi Ying. At or about the same time, Spone Limited, a company organized and existing under the laws of the Hong Kong SAR of the People’s Republic of China (“Spone”), acquired all of the capital stock of Qi Ying, so that it became a direct wholly owned subsidiary of Spone. FIHK then acquired all of the capital stock of Spone, so that it became a direct wholly owned subsidiary of FIHK. As a result, Hengtai became an indirect wholly owned subsidiary of FIHK and also accordingly became the indirect wholly owned subsidiary of us.

OnSeptember ~~June 15~~30, ~~2012,~~2017 ~~the Company effected a 1-for-10 reverse stock split of the Company’s issued~~ and ~~outstanding~~December ~~shares~~31, of common stock. The par value and number of authorized shares of the common stock remained unchanged. All references to number of shares and per share amounts included in these consolidated financial statements and the accompanying notes have been adjusted to reflect the reverse stock split retroactively.2016

On(Stated ~~September~~in ~~8, 2015, the Company changed its name from China Forestry, Inc~~U. ~~to China Senor Living Industry International Holding Corporation~~S. Dollars)

~~On September 29, 2015, Qi Ying entered into a set of VIE Agreements with Shaanxi Yifuge Investments and Assets Co, Ltd (“YFG”) and YFG became the Company’s affiliated operating company in China~~1. ~~As consideration for the entry of the VIE agreement~~ORGANIZATION, ~~the~~BASIS ~~Company~~OF ~~will issue 33~~PRESENTATION,~~600,000~~ ~~shares~~AND ofPRINCIPAL ~~common stock to Jingcao Wu, a director of the Company. As a result, YFG became a variable interest entity (“VIE”) and was included in the consolidated group.~~ACTIVITIES

~~The transaction between Qi Ying and YFG has been accounted for as a recapitalization of YFG where the Company~~ (~~the legal acquirer~~a) isOrganization considered the accounting acquiree and YFG (the legal acquiree) is considered the accounting acquirer. As a result of this transaction, the Company is deemed to be a continuation of the business of YFG. Accordingly, the financial data included in the accompanying consolidated financial statements for all periods prior to September 29, 2015 is that of the accounting acquirer, YFG. The historical stockholders’ equity of the accounting acquirer prior to the share exchange has been retroactively restated as if the transaction occurred as of the beginning of the first period presented.history

OnChina ~~September~~Senior 29Living Industry International Holding Corporation (the “Company”), ~~2015~~formerly known as China Forestry, Inc., was incorporated under the ~~Board~~laws of ~~Director~~the ~~also~~State ~~approved~~of Nevada on January 13, 1986 under the ~~transfer~~name of QiPatriot ~~Ying’s~~Investment ~~equity~~Corporation. ~~ownership~~The inCompany ~~Hengtai~~engaged toin ~~Zhenheng~~the ~~Shao,~~business ~~Zhenzhong~~of ~~Shao,~~plantation and ~~Yongli~~sale ~~Yang~~of garden plants.

AsOn aJuly ~~result~~15, we2010, ~~ceased~~ the ~~business~~Company ofentered ~~plantation~~into ~~and~~a ~~sale~~Share ofExchange ~~garden~~with ~~plants~~Financial ~~and~~International ~~became~~(Hong ~~engaged~~Kong) inHoldings ~~senior~~Co. ~~living~~Limited ~~and senior care business through YFG~~(“FIHK”).

OnFrom ~~December~~April 311, ~~2015~~2010 to May 20, ~~YFG~~2011, ~~changed~~FIHK ~~its~~had ~~name~~a ~~from~~series ~~Shaanxi~~of ~~Yifuge~~contractual ~~Investments~~arrangements ~~and~~with ~~Assets~~Hanzhong ~~Co.~~Hengtai Bio-Tech Limited (“Hengtai”), ~~Ltd~~a tocompany ~~Shaanxi~~organized ~~Jinjiangshan~~and ~~Senior~~existing ~~Living~~under ~~Management~~the ~~Co.~~laws ~~Ltd~~of ~~(“JJS”)~~the People’s Republic of China that is engaged in the plantation and sale of garden plants used for landscaping, including Chinese Yew, Aesculus, Dove Tree and Dendrobium.

9On ~~Table~~May 20, 2011, FIHK exercised its rights under the Exclusive Option Agreement to direct Xi’an Qi Ying Senior Living, Inc. (formerly known as Xi’an Qi Ying Bio-Tech Limited), a company organized and existing under the laws of ~~Contents~~the People’s Republic of China (“Qi Ying”), the indirect wholly owned subsidiary of FIHK, to acquire all of the equity capital of Hengtai. The Exclusive Option Agreement was exercised in a manner that the shareholders of Hengtai transferred all of their equity capital in Hengtai to Qi Ying. At or about the same time, Spone Limited, a company organized and existing under the laws of the Hong Kong SAR of the People’s Republic of China (“Spone”), acquired all of the capital stock of Qi Ying, so that it became a direct wholly owned subsidiary of Spone. FIHK then acquired all of the capital stock of Spone, so that it became a direct wholly owned subsidiary of FIHK. As a result, Hengtai became an indirect wholly owned subsidiary of FIHK and also accordingly became the indirect wholly owned subsidiary of us.

~~China~~On ~~Senior~~June ~~Living~~15, ~~Industry~~2012, ~~International~~the ~~Holding~~Company ~~Corporation~~effected a 1-for-10 reverse stock split of the Company’s issued and outstanding shares of common stock. The par value and number of authorized shares of the common stock remained unchanged. All references to number of shares and per share amounts included in these consolidated financial statements and the accompanying notes have been adjusted to reflect the reverse stock split retroactively.

~~Condensed~~On ~~Consolidated~~September ~~Statements~~8, of2015, ~~Cash~~the ~~Flows~~Company ~~(Unaudited)~~changed its name from China Forestry, Inc. to China Senor Living Industry International Holding Corporation.

~~For~~On September 29, 2015, Qi Ying entered into a set of VIE Agreements with Shaanxi Yifuge Investments and Assets Co, Ltd (“YFG”) and YFG became the ~~six-month~~Company’s ~~period~~affiliated ~~ended~~operating ~~June~~company 30in China. As consideration for the entry of the VIE agreement, ~~2017~~the Company will issue 33,600,000 shares of common stock to Jingcao Wu, a director of the Company. As a result, YFG became a variable interest entity (“VIE”) and ~~2016~~was included in the consolidated group.

The transaction between Qi Ying and YFG has been accounted for as a recapitalization of YFG where the Company (~~Stated~~the inlegal Uacquirer) is considered the accounting acquiree and YFG (the legal acquiree) is considered the accounting acquirer.S As a result of this transaction, the Company is deemed to be a continuation of the business of YFG. ~~Dollars)~~Accordingly, the financial data included in the accompanying consolidated financial statements for all periods prior to September 29, 2015 is that of the accounting acquirer, YFG. The historical stockholders’ equity of the accounting acquirer prior to the share exchange has been retroactively restated as if the transaction occurred as of the beginning of the first period presented.

~~(b)~~F-5 ~~Basis~~Table of ~~presentation~~Contents

~~The~~China ~~Company’s~~Senior ~~consolidated~~Living ~~financial~~Industry ~~statements~~International ~~have~~Holding ~~been~~Corporation ~~prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).~~

~~This~~Notes basis of accounting differs in certain material respects from that used for the preparation of the books of account of the Company’s principal subsidiaries, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to ~~enterprises~~Condensed ~~with~~Consolidated ~~limited~~Financial ~~liabilities~~Statements ~~established in the People’s Republic of China~~ (~~“PRC”~~Unaudited) or in the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of account of the Company’s subsidiaries to present them in conformity with US GAAP.

~~(c)~~September ~~Principal~~30, ~~activities~~2017 and December 31, 2016

~~The~~(Stated ~~Company is engaged~~ in rendering management services to senior homes by providing healthcare, medical staff, meal preparation, and general care for the elderly in Xianyang City, Shaanxi Province, People’s Republic of ChinaU.S. Dollars)

2.On ~~SUMMARY~~September OF29, ~~SIGNIFICANT~~2015, ~~ACCOUNTING~~the ~~POLICIES~~Board of Director also approved the transfer of Qi Ying’s equity ownership in Hengtai to Zhenheng Shao, Zhenzhong Shao, and Yongli Yang.

(As a) ~~Method~~result, we ceased the business of ~~Accounting~~plantation and sale of garden plants and became engaged in senior living and senior care business through YFG.

~~The~~On ~~Company~~December ~~maintains~~31, ~~its~~2015, ~~general~~YFG ~~ledger~~changed ~~and~~its ~~journals~~name ~~with~~from ~~the~~Shaanxi ~~accrual~~Yifuge ~~method~~Investments ~~accounting for financial reporting purposes. The financial statements~~ and ~~notes~~Assets ~~are representations of management~~Co., ~~Accounting~~Ltd ~~policies adopted by the Company conform~~ to ~~generally~~Shaanxi ~~accepted~~Jinjiangshan ~~accounting~~Senior ~~principles~~Living inManagement ~~the~~Co. ~~United~~Ltd ~~States of America and have been consistently applied in the presentation of financial statements, which are compiled on the accrual basis of accounting~~(“JJS”).

(b) ~~Principles~~Basis of ~~consolidation~~presentation

The ~~accompanying~~Company’s consolidated financial statements ~~which~~have ~~include~~been ~~the~~prepared ~~Company, its wholly owned subsidiaries, FIHK, Spone, Qi Ying, and its variable interest entity, JJS, are compiled~~ in accordance with generally accepted accounting principles in the United States of America. ~~All~~(“US ~~significant inter-company accounts and transactions have been eliminated in consolidation~~GAAP”). In accordance with FASB ASC 810, Consolidation of Variable Interest Entities, variable interest entities, or VIEs, are generally entity that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. In connection with the adoption of this ASC 810, the Company concludes that JJS is a VIE and Qi Ying is the primary beneficiary. The financial statements of JJS are then consolidated with Qi Ying’s financial statements.

10This ~~Table~~basis of ~~Contents~~accounting differs in certain material respects from that used for the preparation of the books of account of the Company’s principal subsidiaries, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the People’s Republic of China (“PRC”) or in the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of account of the Company’s subsidiaries to present them in conformity with US GAAP.

~~China~~(c) ~~Senior~~Principal ~~Living Industry International Holding Corporation~~ activities

~~Condensed~~The ~~Consolidated~~Company ~~Statements~~is ofengaged ~~Cash~~in ~~Flows~~rendering ~~(Unaudited)~~management services to senior homes by providing healthcare, medical staff, meal preparation, and general care for the elderly in Xianyang City, Shaanxi Province, People’s Republic of China.

~~For~~2. ~~the~~SUMMARY ~~six-month~~OF ~~period~~SIGNIFICANT ~~ended~~ACCOUNTING ~~June 30, 2017 and 2016~~POLICIES

(~~Stated~~a) inMethod ~~U.S.~~of ~~Dollars)~~Accounting

AsThe Company maintains its general ledger and journals with the accrual method accounting for financial reporting purposes. The financial statements and notes are representations of ~~June~~management. ~~30,~~Accounting ~~2017,~~policies adopted by the ~~detailed~~Company ~~identities~~conform to generally accepted accounting principles in the United States of America and have been consistently applied in the ~~consolidating~~presentation ~~subsidiaries~~of financial statements, which are ascompiled ~~follows:~~on the accrual basis of accounting.

Name of Company	Place of incorporation	Attributable equity interest %			Registered capital
Financial International (Hong Kong) Holdings Company Limited	Hong Kong		100	%	HKD 10,000,000
Spone Limited	Hong Kong		100	%	HKD 1
Xi’an Qi Ying Senior Living, Inc (“Qi Ying”)	PRC		100	%	RMB 50,000
Shaanxi Jinjiangshan Senior Living Management Co. Ltd	PRC		Variable Interest Entity, with Qi Ying as the primary beneficiary		RMB 3,000,000

F-6

Table of Contents

~~(c)~~China ~~Use~~Senior ofLiving ~~estimates~~Industry International Holding Corporation

~~The~~Notes ~~preparation of the financial statements in conformity with generally accepted accounting principles in the United States of America requires management~~ to ~~make~~Condensed ~~estimates~~Consolidated ~~and~~Financial ~~assumptions~~Statements that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from those estimates.(Unaudited)

~~(d)~~September ~~Cash~~30, 2017 and ~~cash~~December ~~equivalents~~31, 2016

~~The~~(Stated ~~Company~~in ~~considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents~~U.S. Dollars)

(eb) ~~Accounts~~Principles ~~receivable~~of consolidation

~~Accounts~~The ~~receivable~~accompanying consolidated financial statements which include the Company, its wholly owned subsidiaries, FIHK, Spone, Qi Ying, and its variable interest entity, JJS, are ~~recognized~~compiled in accordance with generally accepted accounting principles in the United States of America. All significant inter-company accounts and ~~carried~~transactions athave been eliminated in consolidation. In accordance with FASB ASC 810, Consolidation of Variable Interest Entities, variable interest entities, or VIEs, are generally entity that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the ~~original~~Company ~~invoice~~is ~~amount~~involved ~~less~~must ~~allowance~~be ~~for~~evaluated ~~any~~to ~~uncollectible~~determine ~~amounts~~the primary beneficiary of the risks and rewards of the VIE. AnThe ~~estimate~~primary beneficiary is required to consolidate the VIE for ~~doubtful~~financial ~~accounts~~reporting ispurposes. ~~made~~In ~~when~~connection ~~collection~~with the adoption of this ASC 810, the ~~full~~Company ~~amount~~concludes that JJS is noa ~~longer~~VIE ~~probable~~and Qi Ying is the primary beneficiary. ~~Bad~~The ~~debts~~financial statements of JJS are ~~written~~then ~~off~~consolidated aswith ~~incurred~~Qi Ying’s financial statements.

~~(f)~~As ~~Revenue~~of ~~recognition~~September 30, 2017, the detailed identities of the consolidating subsidiaries are as follows:

The Company records revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.

	*Place of*	*Attributable*	*Registered*
*Name of Company*	*incorporation*	*equity interest %*	*capital*
Financial International (Hong Kong)	Hong Kong	100%	HKD
Holdings Company Limited			10,000,000

Spone Limited	Hong Kong	100%	HKD 1

Xi’an Qi Ying Senior Living, Inc	PRC	100%	RMB 50,000
(“Qi Ying”)

Shaanxi Jinjiangshan Senior Living Management Co. Ltd	PRC	Variable Interest Entity, with Qi Ying as the primary beneficiary	RMB 3,000,000

~~The~~(c) ~~Company’s~~Use ~~revenue consists~~ of ~~management services rendered to senior homes. Service revenue is recognized when the service is performed.~~estimates

~~(g)~~The ~~Cost~~preparation of ~~revenue~~the financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from those estimates.

~~The~~(d) ~~cost~~Cash ~~for providing management services is comprised of direct labor wages~~ and ~~purchasing~~cash ~~cost of food for preparing meals for the seniors.~~equivalents

~~(h)~~The ~~General~~Company &considers ~~administrative~~all ~~expenses~~highly liquid investments purchased with original maturities of three months or less to be cash equivalents.

~~General~~(e) ~~and~~Accounts ~~administrative expenses include general overhead such as the office rental and utilities.~~receivable

11Accounts ~~Table~~receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of ~~Contents~~the full amount is no longer probable. Bad debts are written off as incurred.

~~China~~F-7 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Cash~~International ~~Flows~~Holding ~~(Unaudited)~~Corporation

~~For~~Notes ~~the~~to ~~six-month~~Condensed ~~period~~Consolidated ~~ended~~Financial ~~June~~Statements ~~30, 2017 and 2016~~(Unaudited)

~~(Stated~~September in30, ~~U.S.~~2017 ~~Dollars)~~and December 31, 2016

(i)Stated ~~Advertising~~in U.S. Dollars)

~~All~~(f) ~~advertising~~Revenue ~~costs are expensed as incurred. For the six-month period ended June 30, 2017 and 2016, there was no advertising costs incurred.~~ recognition

~~(j)~~The ~~Income~~Company ~~taxes~~records revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.

The Company's ~~accounts~~revenue ~~for~~consists ~~income tax using an asset and liability approach and allows for recognition~~ of ~~deferred~~management ~~tax~~services ~~benefits~~rendered into ~~future~~senior ~~years~~homes. ~~Under~~Service ~~the~~revenue asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is ~~provided~~recognized ~~for~~when ~~deferred tax assets if it is more likely than not these items will either expire before~~ the ~~Company~~service is ~~able to realize their benefits, or that future realization is uncertain~~performed.

~~The Company has implemented ASC Topic 740, “Accounting for Income Taxes.” Income tax liabilities computed according to the People’s Republic of China~~ (~~PRC~~g) ~~tax~~Cost ~~laws are provided for the tax effects~~ of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of fixed assets and intangible assets for financial and tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. A valuation allowance is created to evaluate deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize that tax benefit, or that future realization is uncertain.revenue

~~Effective~~The ~~January~~cost ~~1, 2008, PRC government implemented a new 25% tax rate across the board~~ for ~~all~~providing ~~enterprises~~management ~~regardless~~services ~~of whether domestic or foreign enterprise without any tax holiday which~~ is ~~defined~~comprised ~~as “two-year exemption followed by three-year half exemption” hitherto enjoyed by tax payers. As a result~~ of ~~the~~direct ~~new~~labor ~~tax~~wages ~~law~~and ofpurchasing acost ~~standard 25% tax rate, tax holidays terminated as~~ of ~~December~~food ~~31,~~for ~~2007.~~preparing ~~However,~~meals ~~PRC~~for ~~government has established a set of transition rules to allow enterprises that were already participating in tax holidays before January 1, 2008, to continue enjoying~~ the ~~tax holidays until they had been fully utilized~~seniors.

~~In order to encourage enterprises to operate senior homes, PRC tax law provides a tax holiday by waiving the income tax for entities operating in this industry. According to the Minfa~~ (~~2015~~h) ~~No.~~General 33& ~~“Advice~~administrative to Encourage Private Capital to Participate in the Development of Pension Services”, jointly issued by ten ministries which include the Ministry of Civil Affairs and the Ministry of Finance of the People’s Republic of China, the Company is entitled to benefit from the sales tax exemption and business tax exemption policy. As such, the Company is not subject to income tax as of June 30, 2017.expenses

~~(k)~~General ~~Stock-based~~and ~~compensation~~administrative expenses include general overhead such as the office rental and utilities.

We(i) recognize compensation expense for stock-based compensation in accordance with ASC Topic 718. For employee stock-based awards, we calculate the fair value of the award on the date of grant using the Black-Scholes method for stock options and the quoted price of our common stock. The expense is recognized over the service period for awards expected to vest. For nonemployee stock-based awards, we calculate the fair value of the award on the date of grant in the same manner as employee awards. However, the awards are revalued at the end of each reporting period and the pro rata compensation expense is adjusted accordingly until such time the nonemployee award is fully vested, at which time the total compensation recognized to date equals the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient’s performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience.Advertising

~~The~~All ~~Black-Scholes~~advertising ~~option~~costs ~~valuation~~are ~~model~~expensed isas ~~used to estimate the fair value of the warrants or options granted~~incurred. ~~The~~For ~~model includes subjective input assumptions that can materially affect~~ the ~~fair~~nine-month ~~value estimates. The model was developed for use in estimating the fair value of traded options or warrants. The expected volatility is estimated based on the most recent historical~~ period ofended ~~time~~September ~~equal~~30, to2017 ~~the~~and ~~weighted~~2016, ~~average~~there ~~life~~was ofno ~~the~~advertising ~~warrants~~costs ~~or options granted~~incurred.

12(j) ~~Table~~Income ~~of Contents~~taxes

~~China~~The ~~Senior~~Company ~~Living~~accounts ~~Industry~~for ~~International~~income ~~Holding~~tax ~~Corporation~~using an asset and liability approach and allows for recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain.

~~Condensed~~The ~~Consolidated~~Company ~~Statements~~has ofimplemented ~~Cash~~ASC ~~Flows~~Topic 740, “Accounting for Income Taxes.” Income tax liabilities computed according to the People’s Republic of China (~~Unaudited~~PRC) tax laws are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of fixed assets and intangible assets for financial and tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. A valuation allowance is created to evaluate deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize that tax benefit, or that future realization is uncertain.

~~For~~Effective January 1, 2008, PRC government implemented a new 25% tax rate across the ~~six~~board for all enterprises regardless of whether domestic or foreign enterprise without any tax holiday which is defined as "two-~~month~~year ~~period~~exemption ~~ended~~followed ~~June~~by 30three-year half exemption" hitherto enjoyed by tax payers. As a result of the new tax law of a standard 25% tax rate, ~~2017~~tax ~~and~~holidays ~~2016~~terminated as of December 31, 2007. However, PRC government has established a set of transition rules to allow enterprises that were already participating in tax holidays before January 1, 2008, to continue enjoying the tax holidays until they had been fully utilized.

~~(Stated~~F-8 inTable ~~U.S.~~of ~~Dollars)~~Contents

~~(l)~~China ~~Earnings~~Senior ~~per~~Living ~~share~~Industry International Holding Corporation

~~Basic~~Notes ~~earnings~~to ~~per~~Condensed ~~share~~Consolidated isFinancial ~~computed~~Statements on the basis of the weighted average number of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of common stock and common stock equivalents outstanding. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation.(Unaudited)

~~Dilution~~September ~~is computed by applying the treasury stock method for options and warrants. Under this method~~30, ~~options~~2017 and ~~warrants~~December ~~are assumed to be exercised at the beginning of the period (or at the time of issuance~~31, ~~if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.~~2016

(m)Stated ~~Statutory~~in ~~reserves~~U.S. Dollars)

~~Statutory~~In ~~reserves~~order ~~are referring~~ to ~~the~~encourage ~~amount~~enterprises ~~appropriated~~to ~~from~~operate ~~the~~senior ~~net~~homes, ~~income~~PRC intax ~~accordance~~law ~~with~~provides ~~laws~~a ortax ~~regulations,~~holiday ~~which~~by ~~can~~waiving bethe ~~used~~income totax ~~recover~~for ~~losses~~entities ~~and~~operating ~~increase~~in ~~capital,~~this asindustry. ~~approved,~~According ~~and are~~ to bethe ~~used~~Minfa to(2015) ~~expand production or operations~~No. ~~The~~33 ~~Company~~“Advice ~~transferred~~to $-Encourage ~~and~~Private ~~$12,386~~Capital ~~from retained earnings~~ to ~~statutory~~Participate ~~reserves~~in ~~for~~ the ~~six-month~~Development ~~period~~of ~~ended~~Pension ~~June 30~~Services”, ~~2017~~jointly ~~and~~issued ~~for~~by ~~the~~ten ~~year~~ministries ~~ended~~which ~~December~~include ~~31,~~the ~~2016,~~Ministry ~~respectively.~~of ~~PRC~~Civil ~~laws~~Affairs ~~prescribe~~and ~~that~~the anMinistry ~~enterprise~~of ~~operating~~Finance atof athe ~~profit,~~People’s ~~must~~Republic ~~appropriate,~~of ~~on an annual basis~~China, anthe ~~amount~~Company ~~equal~~is entitled to ~~10%~~benefit offrom ~~its profit. Such an appropriation is necessary until~~ the ~~reserve~~sales ~~reaches~~tax aexemption ~~maximum~~and ~~that~~business istax ~~equal~~exemption topolicy. ~~50%~~As ofsuch, the ~~enterprise’s~~Company ~~PRC~~is ~~registered~~not ~~capital.~~subject ~~The~~to ~~amount~~income istax ~~not~~as ~~available~~of ~~for~~September ~~payment~~30, ~~of dividends~~2017.

(nk) ~~Foreign~~Stock-based ~~currency translation~~compensation

~~The~~We ~~accompanying~~recognize ~~financial~~compensation ~~statements~~expense ~~are~~for ~~presented~~stock-based compensation in ~~United~~accordance ~~States~~with ~~dollars~~ASC Topic 718. ~~The~~For ~~functional~~employee ~~currencies~~stock-based awards, we calculate the fair value of the ~~Company~~award ~~are~~on the ~~Renminbi~~date ~~(RMB)~~of grant using the Black-Scholes method for stock options and the ~~Hong~~quoted ~~Kong~~price ~~Dollars~~of ~~(HKD)~~our common stock. The ~~financial~~expense ~~statements~~is ~~are~~recognized ~~translated~~over ~~into~~the ~~United~~service ~~States~~period ~~dollars~~for ~~from~~awards expected to vest. For nonemployee stock-based awards, we calculate the ~~functional~~fair ~~currencies~~value of the award on the date of grant in the same manner as employee awards. However, the awards are revalued at ~~year-~~the end ~~exchange~~of ~~rates~~each asreporting period and the pro rata compensation expense is adjusted accordingly until such time the nonemployee award is fully vested, at which time the total compensation recognized to ~~assets~~date ~~and~~equals ~~liabilities~~the ~~and~~fair ~~average~~value ~~exchange~~of ~~rates~~the stock-based award as tocalculated ~~revenues~~on ~~and~~the ~~expenses.~~measurement ~~Capital~~date, ~~accounts~~which ~~are~~is ~~translated~~the date at ~~their~~which ~~historical~~the ~~exchange~~award ~~rates~~recipient’s ~~when~~performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the ~~capital~~extent ~~transactions~~actual ~~occurred~~results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience.

	6/30/2017		12/31/2016		6/30/2016
Period end/Year end RMB:		6.7769		6.9437		6.6433
US$ exchange rate
Average period/yearly RMB:		6.8743		6.6430		6.5354
US$ exchange rate
Period end/Year end HKD:		7.8057		7.7543		7.7586
US$ exchange rate
Average period/yearly HKD:		7.7731		7.7617		7.7670
US$ exchange rate

The Black-Scholes option valuation model is used to estimate the fair value of the warrants or options granted. The model includes subjective input assumptions that can materially affect the fair value estimates. The model was developed for use in estimating the fair value of traded options or warrants. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the warrants or options granted.

~~The~~(l) ~~RMB~~Earnings isper not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation.share

13Basic ~~Table~~earnings per share is computed on the basis of ~~Contents~~the weighted average number of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of common stock and common stock equivalents outstanding. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation.

~~China~~Dilution ~~Senior~~is ~~Living~~computed ~~Industry~~by ~~International~~applying ~~Holding~~the ~~Corporation~~treasury stock method for options and warrants. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

~~Condensed Consolidated Statements of Cash Flows~~ (~~Unaudited~~m) Statutory reserves

~~For~~Statutory reserves are referring to the ~~six~~amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and are to be used to expand production or operations. The Company transferred $- and $12,386 from retained earnings to statutory reserves for the nine-month period ended ~~June~~September 30, 2017 and for the year ended December 31, 2016, respectively. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, an amount equal to 10% of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50% of the enterprise’s PRC registered capital. The amount is not available for payment of dividends.

~~(Stated~~F-9 inTable ~~U.S.~~of ~~Dollars)~~Contents

~~(o)~~China ~~Financial~~Senior ~~Instruments~~Living Industry International Holding Corporation

~~The~~Notes Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to ~~their~~Condensed ~~short~~Consolidated ~~maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “~~Financial ~~Instruments,”~~Statements defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:(Unaudited)

·September ~~Level~~30, 12017 ~~inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. · Level 2 inputs to the valuation methodology include quoted prices for similar assets~~ and ~~liabilities~~December ~~in active markets~~31, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.2016

~~The~~(Stated ~~Company~~in ~~analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815~~U.S. Dollars)

As(n) ofForeign ~~June~~currency ~~30, 2017 and December 31, 2016, the Company did not identify any assets and liabilities whose carrying amounts were required to be adjusted in order to present them at fair value.~~translation

	Quoted in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
At June 30, 2017:	(Level 1)		(Level 2)		(Level 3)		Total
Financial assets:
Cash	$	22,897	$	-	$	-	$	22,897
Total financial assets	$	22,897	$	-	$	-	$	22,897

The accompanying financial statements are presented in United States dollars. The functional currencies of the Company are the Renminbi (RMB) and the Hong Kong Dollars (HKD). The financial statements are translated into United States dollars from the functional currencies at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.

	Quoted in		Significant
	9/30/2017		12/31/2016		9/30/2016
	Active Markets		Other		Significant
Period end/Year end RMB:		6.6545		6.9437		6.6694
	for Identical		Observable		Unobservable
US$ exchange rate
	Assets		Inputs		Inputs
Average period/yearly RMB:		6.8057		6.6430		6.5792
At December 31, 2016:	(Level 1)		(Level 2)		(Level 3)		Total
US$ exchange rate
Financial assets:
Period end/Year end HKD:		7.8116		7.7543		7.7548
Cash	$	4,270	$	-	$	-	$	4,270
US$ exchange rate
Total financial assets	$	4,270	$	-	$	-	$	4,270
Average period/yearly HKD:		7.7875		7.7617		7.7633
US$ exchange rate

14The ~~Table~~RMB ofis ~~Contents~~not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation.

~~China~~(o) ~~Senior~~Financial ~~Living Industry International Holding Corporation~~ Instruments

~~Condensed~~The ~~Consolidated~~Company’s ~~Statements~~financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of ~~Cash~~the ~~Flows~~fair ~~(Unaudited)~~value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

~~For~~· Level 1 inputs to the ~~six-month~~valuation ~~period~~methodology ~~ended~~are ~~June~~quoted 30prices 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, ~~2017~~and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 inputs to the valuation methodology are unobservable and ~~2016~~significant to the fair value measurement.

~~(Stated~~F-10 inTable ~~U.S.~~of ~~Dollars)~~Contents

~~(p)~~China ~~Commitments~~Senior ~~and~~Living ~~contingencies~~Industry International Holding Corporation

~~Liabilities~~Notes ~~for~~to ~~loss~~Condensed ~~contingencies~~Consolidated ~~arising~~Financial ~~from~~Statements ~~claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.~~(Unaudited)

~~(q)~~September ~~Comprehensive~~30, ~~income~~2017 and December 31, 2016

~~Comprehensive~~(Stated ~~income is defined to include all changes~~ in ~~equity except those resulting from investments by owners and distributions to owners~~U. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statementsS. ~~The Company’s current component of other comprehensive income includes the foreign currency translation adjustment and unrealized gain or loss.~~Dollars)

The Company ~~uses~~analyzes ~~FASB~~all ~~ASC~~financial ~~Topic~~instruments ~~220,~~with ~~“Reporting~~features ~~Comprehensive Income”. Comprehensive income is comprised~~ of ~~net~~both ~~income~~liabilities and ~~all~~equity ~~changes~~under toASC ~~the statements of stockholders’ equity~~480, ~~except~~“Distinguishing ~~the~~Liabilities ~~changes~~from ~~in paid-in capital and distributions to stockholders due to investments by stockholders. Comprehensive income for the three and six-month periods ended June 30~~Equity,” ~~2017~~ and ~~2016~~ASC ~~included net income and foreign currency translation adjustments~~815.

~~(r)~~As ~~Subsequent~~of ~~events~~September 30, 2017 and December 31, 2016, the Company did not identify any assets and liabilities whose carrying amounts were required to be adjusted in order to present them at fair value.

~~The~~(p) ~~Company~~Commitments ~~evaluated~~and ~~for subsequent events through the issuance date of the Company’s financial statements.~~contingencies

~~(s)~~Liabilities ~~Unaudited~~for ~~interim~~loss ~~financial~~contingencies ~~information~~arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

~~These~~(q) ~~unaudited~~Comprehensive interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and the rules and regulations of the Securities and Exchange Commission that permit reduced disclosure for interim periods. Therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all adjustments of a normal recurring nature necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented have been made. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the year ending December 31, 2017.income

~~The~~Comprehensive ~~consolidated~~income ~~balance~~is ~~sheets~~defined ~~and~~to ~~certain~~include ~~comparative~~all ~~information~~changes asin ofequity ~~December~~except ~~31,~~those ~~2016~~resulting ~~are~~from ~~derived~~investments ~~from~~by ~~the~~owners ~~audited~~and ~~consolidated~~distributions ~~financial~~to ~~statements~~owners. ~~and~~Among ~~related~~other ~~notes~~disclosures, ~~for~~all ~~the~~items ~~year~~that ~~ended~~are ~~December~~required ~~31,~~to ~~2016~~be ~~(“2016~~recognized ~~Annual~~under ~~Financial~~current ~~Statements”),~~accounting ~~included~~standards inas ~~the~~components ~~Company’s~~of ~~2016~~comprehensive ~~Annual~~income ~~Report~~are onrequired ~~Form~~to ~~10-K.~~be ~~These~~reported ~~unaudited~~in ~~interim~~a ~~condensed~~financial ~~consolidated~~statement that is presented with the same prominence as other financial statements. ~~should~~The beCompany’s ~~read~~current incomponent ~~conjunction~~of ~~with~~other comprehensive income includes the ~~2016~~foreign ~~Annual~~currency ~~Financial~~translation ~~Statements~~adjustment and unrealized gain or loss.

~~(t)~~The ~~Recent~~Company ~~accounting~~uses ~~pronouncements~~FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except the changes in paid-in capital and distributions to stockholders due to investments by stockholders. Comprehensive income for the three and nine-month periods ended September 30, 2017 and 2016 included net income and foreign currency translation adjustments.

~~On February 25, 2016, the FASB issued ASU 2016-02 “Leases~~ (~~Topic 842~~r)”, ~~its~~Subsequent new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized). events

15The ~~Table~~Company evaluated for subsequent events through the issuance date of ~~Contents~~the Company’s financial statements.

~~China~~(s) ~~Senior~~Unaudited ~~Living~~interim ~~Industry~~financial ~~International Holding Corporation~~ information

~~Condensed~~These ~~Consolidated~~unaudited ~~Statements~~interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and the rules and regulations of ~~Cash~~the ~~Flows~~Securities ~~(Unaudited)~~and Exchange Commission that permit reduced disclosure for interim periods. Therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all adjustments of a normal recurring nature necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented have been made. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the year ending December 31, 2017.

~~For the six~~F-~~month~~11 ~~period~~Table ~~ended~~of ~~June 30, 2017 and 2016~~Contents

~~(Stated~~China inSenior ~~U.S.~~Living ~~Dollars)~~Industry International Holding Corporation

~~Furthermore,~~Notes ~~the ASU addresses other concerns related~~ to ~~the~~Condensed ~~current~~Consolidated ~~leases~~Financial ~~model.~~Statements For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to: (Unaudited)

·September ~~Applying judgment and estimating. · Managing the complexities of data collection~~30, ~~storage,~~2017 and ~~maintenance.~~December · Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements. · Refining internal controls and other business processes related to leases. · Determining whether debt covenants are likely to be affected and31, ~~if so, working with lenders to avoid violations. · Addressing any income tax implications.~~2016

~~The~~(Stated ~~new~~in ~~guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e~~U.gS., ~~calendar periods beginning on January 1, 2019~~Dollars)~~, and interim periods therein.~~

OnThe ~~March~~consolidated ~~17,~~balance ~~2016,~~sheets ~~the~~and ~~FASB~~certain ~~issued~~comparative ~~ASU~~information ~~2016-08~~as ~~“Revenue~~of ~~from~~December ~~Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”~~31, ~~which~~2016 ~~amends~~are ~~the~~derived ~~principal-versus-agent~~from ~~implementation guidance and illustrations in~~ the ~~Board’s~~audited ~~new~~consolidated ~~revenue~~financial ~~standard~~statements ~~(ASU~~and ~~2014-09).~~related ~~The~~notes ~~FASB~~for ~~issued~~ the ~~ASU~~year inended ~~response~~December ~~to concerns identified by stakeholders~~31, ~~including~~2016 ~~those~~(“2016 ~~related~~Annual toFinancial (1Statements”), ~~determining~~included ~~the~~in ~~appropriate unit of account under~~ the ~~revenue standard~~Company’s ~~principal-versus-agent~~2016 ~~guidance~~Annual ~~and~~Report ~~(2)~~on ~~applying~~Form ~~the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle~~10-K. ~~Among~~These ~~other~~unaudited ~~things,~~interim ~~the~~condensed ~~ASU~~consolidated ~~clarifies~~financial ~~that~~statements ~~an entity~~ should ~~evaluate~~be ~~whether~~read ~~it is the principal or the agent for each specified good or service promised~~ in aconjunction ~~contract~~ with ~~a customer. As defined in~~ the ~~ASU,~~2016 aAnnual ~~specified~~Financial ~~good or service is “a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer~~Statements.~~” Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.~~

~~The ASU has the same effective date as the new revenue standard~~ (~~as amended by the one-year deferral and the early adoption provisions in ASU 2015-14~~t). InRecent ~~addition,~~accounting ~~entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.~~pronouncements

On ~~January~~February 2325, ~~2017~~2016, the FASB issued ASU ~~2017~~2016-0302 “Leases (Topic 842)”, ~~which~~its ~~amends~~new ~~certain~~standard ~~SEC~~on ~~guidance~~accounting infor leases. ASU 2016-02 introduces a lessee model that brings most leases on the ~~FASB~~balance ~~Accounting~~sheet. ~~Standards~~The ~~Codification~~new instandard ~~response~~also toaligns ~~SEC~~many ~~staff~~of ~~announcements~~the ~~made~~underlying atprinciples of the ~~September~~new ~~22,~~lessor ~~2016,~~model ~~and~~with ~~November~~those 17in ASC 606, ~~2016~~the FASB’s new revenue recognition standard (e.g., ~~EITF~~those ~~meetings~~related to evaluating when profit can be recognized).

Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The ~~announcements~~standard ~~addressed~~also requires lessors to increase the ~~following~~transparency ~~topics~~of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:

	·	The “additional qualitative disclosures” that a registrant is expected to provide when it “cannot reasonably estimate the impact” that ASUs 2014-09, 2016-02, and 2016-13 will have in applying the guidance in SAB Topic 11.M (announcement made at the September 22, 2016, EITF meeting).
	·	Guidance in ASC 323 related to the amendments made by ASU 2014-01 regarding use of the proportional amortization method in accounting for investments in qualified affordable housing projects (announcement made at the November 17, 2016, EITF meeting).

	·	Applying judgment and estimating.

	·	Managing the complexities of data collection, storage, and maintenance.

	·	Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements.

	·	Refining internal controls and other business processes related to leases.

	·	Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations.

	·	Addressing any income tax implications.

~~Unless~~F-12 ~~otherwise~~Table ~~indicated,~~of ~~the Company is currently evaluating the impact that the pronouncements will have on the Company’s consolidated financial statements.~~Contents

AsChina ofSenior ~~June~~Living ~~30,~~Industry ~~2017,~~International ~~there~~Holding ~~are~~Corporation ~~no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company’s financial statements~~

16Notes ~~Table~~to ofCondensed ~~Contents~~Consolidated Financial Statements (Unaudited)

~~China~~September ~~Senior~~30, ~~Living~~2017 ~~Industry~~and ~~International~~December ~~Holding~~31, ~~Corporation~~ 2016

~~Condensed~~(Stated ~~Consolidated~~in ~~Statements~~U.S. ~~of Cash Flows (Unaudited~~Dollars)

~~For~~The ~~the~~new ~~six-month~~guidance ~~period~~will ~~ended~~be ~~June~~effective 30for public business entities for annual periods beginning after December 15, ~~2017~~2018 (e.g., calendar periods beginning on January 1, 2019), and ~~2016~~interim periods therein.

On March 17, 2016, the FASB issued ASU 2016-08 “Revenue from Contracts with Customers (~~Stated~~Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, which amends the principal-versus-agent implementation guidance and illustrations in Uthe Board’s new revenue standard (ASU 2014-09).S The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle. ~~Dollars~~Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is “a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.” Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.

3.The ASU has the same effective date as the new revenue standard (~~LOSS~~as amended by the one-year deferral and the early adoption provisions in ASU 2015-14)~~/EARNINGS~~. ~~PER~~In ~~SHARE~~addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.

	6/30/2017		6/30/2016
Basic (Loss)/Earnings Per Share:
Numerator:
Net (loss)/income used in computing basic (loss)/earnings per share	$	46,181	$	(6,912	)
Denominator:
Weighted average common shares outstanding		56,560,007		56,000,007
Basic (loss)/earnings per share:	$	0.00	$	(0.00	)
Diluted (Loss)/Earnings Per Share:
Numerator:
Net (loss)/income used in computing diluted (Loss)/Earnings per share	$	46,181	$	(6,912	)
Denominator:
Weighted average common shares outstanding		56,560,007		56,000,007
Diluted (loss)/earnings per share	$	0.00	$	(0.00	)

In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which clarify the definition of a business. The amendments affect all companies and other reporting organizations that must determine whether they have acquired or sold a business. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted so long as the transaction has not been reported in financial statements that have been issued or made available for issuance. The Company does not expect the adoption of ASU 2017-01 to have a material impact on its consolidated financial statements.

17In ~~Table~~May 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of ~~Contents~~Modification Accounting” (“ASU 2017-09”), which provide guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2017-09 to have a material impact on its consolidated financial statements.

~~China~~Unless ~~Senior~~otherwise ~~Living~~indicated, ~~Industry~~the ~~International~~Company ~~Holding~~is ~~Corporation~~currently evaluating the impact that the pronouncements will have on the Company’s consolidated financial statements.

~~Condensed~~As ~~Consolidated~~of ~~Statements~~September of30, ~~Cash~~2017, ~~Flows~~there ~~(Unaudited)~~are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company’s consolidated financial statements.

~~For the six~~F-~~month~~13 ~~period~~Table ~~ended~~of ~~June 30, 2017 and 2016~~Contents

~~(Stated~~China inSenior ~~U.S.~~Living ~~Dollars)~~Industry International Holding Corporation

4.Notes ~~ACCOUNTS~~to ~~RECEIVABLE~~Condensed -Consolidated ~~RELATED~~Financial ~~PARTY~~Statements (Unaudited)

~~Accounts~~September ~~receivable - related party consisted of the following as of June~~ 30, 2017 and December 31, 2016:

		6/30/2017				12/31/2016
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)		$	94			$	1,141

(Stated in U.S. Dollars)

~~The balance represents service fees earned that the Company has not collected as of balance sheet date in connection with the services rendered to Xianyang during the period~~3. ~~The~~(LOSS)/EARNINGS ~~balance~~PER of the receivable is unsecured, interest-free and has no fixed terms of repayment. It is neither past due nor impaired. Management believes that the amount will be repaid in the next billing cycle, and, therefore, did not provide any allowances for bad debts during the six-month period ended June 30, 2017 and 2016. Xianyang is controlled by the management of the Company.SHARE

5. RELATED PARTY RECEIVABLES

	For the three months ended,					For the nine months ended,
	9/30/2017		9/30/2016			9/30/2017		9/30/2016
Basic (Loss)/Earnings Per Share:
Numerator:
Net income/(loss) used in computing basic
Earnings/(loss) per share	$	22,016	$	(6,954	)	$	68,197	$	(13,866	)

Denominator:
Weighted average common shares
outstanding		56,560,007		56,000,007			56,560,007		56,000,007
Basic earnings/(loss) per share:	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)

Diluted Earnings/(loss) Per Share:
Numerator:
Net income/(loss) used in computing diluted
Earnings/(loss) per share	$	22,016	$	(6,954	)	$	68,197	$	(13,866	)

Denominator:
Weighted average common shares
Outstanding		56,560,007		56,000,007			56,560,007		56,000,007
Diluted earnings/(loss) per share	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)

~~Related~~4. ~~party~~ACCOUNTS ~~receivables~~RECEIVABLE ~~consisted~~- ofRELATED ~~the~~PARTY ~~following as of June 30, 2017 and December 31, 2016:~~

		6/30/2017				12/31/2016
Wu, Jingmeng		$	1,024,659			$	945,317

Accounts receivable - related party consisted of the following as of September 30, 2017 and December 31, 2016:

Related party receivable represented the following:

		9/30/2017				12/31/2016
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)			1,310				1,141

~~Advances~~The ~~made~~balance byrepresents service fees earned that the Company tohas ~~Mr.~~not ~~Wu,~~collected ~~Jingmeng.~~as ~~Mr.~~of Wubalance issheet ~~the~~date ~~deputy~~in ~~general~~connection ~~manager~~with of the ~~Company.~~services ~~The~~rendered ~~funds~~to ~~will~~Xianyang beduring ~~used~~the ~~by Mr~~period. WuThe tobalance ~~pay~~of ~~for~~the ~~construction~~receivable ofis aunsecured, ~~second~~interest-free ~~senior~~and ~~home~~has inno ~~Xianyang~~fixed ~~City,~~terms ~~Shaanxi~~of ~~Province~~repayment. ~~The~~It ~~Company~~is ~~will~~neither ~~provide~~past ~~management~~due ~~services~~nor toimpaired. ~~this~~Management ~~new~~believes ~~senior~~that ~~home~~the ~~after~~amount ~~the~~will ~~construction~~be isrepaid ~~completed.~~in ~~The~~the ~~receivable~~next ~~had~~billing nocycle, ~~impact~~and, ontherefore, ~~earnings.~~did ~~The~~not ~~balance~~provide ofany ~~related~~allowances ~~party~~for ~~receivables~~bad isdebts ~~unsecured,~~during ~~interest~~the nine-~~free~~month ~~and~~period ~~has~~ended noSeptember ~~fixed~~30, ~~terms~~2017 ofand ~~repayment~~2016. ItXianyang is ~~neither~~controlled ~~past~~by ~~due~~the ~~nor~~management ~~impaired.~~of ~~Management believes~~ the ~~amounts are recoverable~~Company.

6.F-14 ~~INTANGIBLE~~Table ~~ASSETS,~~of ~~NET~~ Contents

~~Intangible~~China ~~assets~~Senior ~~consisted~~Living ofIndustry ~~the~~International ~~following~~Holding asCorporation ~~of June 30, 2017 and December 31, 2016:~~

	6/30/2017			12/31/2016
Software, at cost	$	339		$	331
Less accumulated amortization		(135	)		(132	)
	$	204		$	199

Notes to Condensed Consolidated Financial Statements (Unaudited)

~~Amortization~~September ~~expense was not charged for the six-month period ended June~~ 30, 2017 and ~~2016.~~December 31, 2016

18(Stated ~~Table~~in ofU.S. ~~Contents~~Dollars)

~~China~~5. ~~Senior~~RELATED ~~Living~~PARTY ~~Industry International Holding Corporation~~ RECEIVABLES

~~Condensed~~Related ~~Consolidated~~party ~~Statements~~receivables consisted of ~~Cash~~the ~~Flows~~following ~~(Unaudited)~~as of September 30, 2017 and December 31, 2016:

For the six-month period ended June 30, 2017 and 2016

		9/30/2017				12/31/2016
Wu, Jingmeng		$	1,096,101			$	945,317

~~(Stated~~Related inparty ~~U.S.~~receivable ~~Dollars)~~represented the following:

7Advances made by the Company to Mr. ~~ACCRUED~~Wu, ~~AND~~Jingmeng. ~~OTHER~~Mr. ~~LIABLITIES~~Wu is the deputy general manager of the Company. The funds will be used by Mr. Wu to pay for construction of a second senior home in Xianyang City, Shaanxi Province. The Company will provide management services to this new senior home after the construction is completed. The receivable had no impact on earnings. The balance of related party receivables is unsecured, interest-free and has no fixed terms of repayment. It is neither past due nor impaired. Management believes the amounts are recoverable.

~~Accrued~~6. ~~and~~INTANGIBLE ~~other liabilities consisted of the following as of June 30~~ASSETS, ~~2017~~NET ~~and December 31, 2016:~~

	6/30/2017		12/31/2016
Wages payable	$	19,545	$	19,048
Accrued professional and consulting fees		127,200		114,200
	$	146,745	$	133,248

Intangible assets consisted of the following as of September 30, 2017 and December 31, 2016:

8. RELATED PARTY ADVANCES

	9/30/2017			12/31/2016
Software, at cost	$	415		$	331
Less accumulated amortization		(207	)		(132	)
	$	208		$	199

~~Related~~Amortization ~~party~~expense ~~advances~~was ~~consisted~~not ofcharged for the ~~following~~nine-month asperiod ofended ~~June~~September 30, 2017 and ~~December 31,~~ 2016:.

		6/30/2017				12/31/2016
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)		$	-			$	3,263

7. ACCRUED AND OTHER LIABLITIES

~~Related~~Accrued ~~party~~and ~~advances~~other ~~represented~~liabilities ~~advances~~consisted ~~received~~of ~~in connection with services that have not yet been rendered to Xianyang but are expected to be in~~ the ~~future.~~following ~~Xianyang~~as isof ~~controlled~~September by30, ~~the~~2017 ~~management~~and ofDecember ~~the~~31, ~~Company.~~2016:

9. RELATED PARTY PAYABLE

	9/30/2017		12/31/2016
Wages payable	$	19,911	$	19,048
Accrued professional and consulting fees		136,200		114,200
	$	156,111	$	133,248

~~Related~~F-15 ~~party~~Table ~~payable consisted~~ of ~~the following as of June 30, 2017 and December 31, 2016:~~Contents

	6/30/2017		12/31/2016
Liu, Shengli	$	210,178	$	210,178
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)		165,022		148,189
		375,200		358,367

China Senior Living Industry International Holding Corporation

~~Mr.~~Notes ~~Liu,~~to ~~Shengli~~Condensed isConsolidated ~~the~~Financial ~~former~~Statements Chairman, President, and Director of the company. Mr. Liu had paid some necessary overseas consulting and advising fees, lawyer fees, and accounting fees on behalf of the company. The loan is unsecured and have no fixed terms of repayment, and are therefore deemed payable on demand.(Unaudited)

~~Xianyang~~September is30, ~~controlled~~2017 ~~by the management of the Company. Xianyang from time to time paid some of the professional fees on behalf of the company. The loan is unsecured~~ and ~~have~~December ~~no fixed terms of repayment~~31, ~~and are therefore deemed payable on demand.~~2016

19(Stated ~~Table~~in ofU.S. ~~Contents~~Dollars)

~~China~~8. ~~Senior~~RELATED ~~Living~~PARTY ~~Industry International Holding Corporation~~ ADVANCES

~~Condensed~~Related ~~Consolidated~~party ~~Statements~~advances consisted of ~~Cash~~the ~~Flows~~following ~~(Unaudited)~~as of September 30, 2017 and December 31, 2016:

For the six-month period ended June 30, 2017 and 2016

		9/30/2017				12/31/2016
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)		$	1,662			$	3,263

~~(Stated~~Related party advances represented advances received in Uconnection with services that have not yet been rendered to Xianyang but are expected to be in the future.S. ~~Dollars)~~Xianyang is controlled by the management of the Company.

109. ~~LEASE~~RELATED ~~COMMITMENTS~~PARTY PAYABLE

OnRelated ~~January 4, 2013, the Company entered into an operating lease agreement with a related~~ party ~~leasing~~payable ~~for~~consisted ~~office~~of ~~space~~the ~~located~~following inas ~~Xianyang City, Shaanxi Province. The lease expires on December 31, 2045. No deposit is paid with this lease. As~~ of ~~June~~September 30, 2017 and December 31, 2016~~, the Company had commitments for future minimum lease payments under a non-cancelable operating lease as follows~~:

Period	6/30/2017		12/31/2016
	9/30/2017		12/31/2016
Year 1	$	2,833	$	2,765
Liu, Shengli	$	210,178	$	210,178
Year 2		2,833		2,765
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)		167,164		148,189
Year 3		2,833		2,765
		377,342		358,367
Year 4		2,833		2,765
Year 5		2,833		2,765
Thereafter		66,579		66,362
Total	$	80,744	$	80,187

~~Rental~~Mr. ~~expenses~~Liu, ~~for~~Shengli is the ~~six-month~~former ~~period~~Chairman, ~~ended~~President, ~~June~~and ~~30,~~Director ~~2017~~of ~~and~~the ~~2016~~company. ~~were~~Mr. ~~1,396~~Liu had paid some necessary overseas consulting and 1advising fees,~~468,~~ ~~respectively.~~lawyer ~~Rental~~fees, ~~expenses~~and ~~are~~accounting ~~recognized~~fees on abehalf ~~straight~~of ~~line~~the ~~basis~~company. The loan is unsecured and have no fixed terms of repayment, and are therefore deemed payable on demand.

11Xianyang is controlled by the management of the Company. ~~INCOME~~Xianyang ~~TAX~~from time to time paid some of the professional fees on behalf of the company. The loan is unsecured and have no fixed terms of repayment, and are therefore deemed payable on demand.

~~All of the Company’s operations are in the PRC, and in accordance with the relevant tax laws and regulations~~10. ~~The~~LEASE ~~corporate income tax rate in China is 25%.~~ COMMITMENTS

InOn ~~order~~January to4, ~~encourage enterprises to operate senior homes~~2013, ~~PRC tax law provides a tax holiday by waiving~~ the ~~income~~Company ~~tax~~entered ~~for~~into ~~entities~~an operating inlease ~~this~~agreement ~~industry.~~with ~~According~~a torelated ~~the~~party ~~Minfa~~leasing ~~(2015)~~for ~~No.~~office 33space ~~“Advice~~located ~~to Encourage Private Capital to Participate~~ in ~~the~~Xianyang ~~Development of Pension Services”~~City, ~~jointly~~Shaanxi ~~issued~~Province. byThe ~~ten~~lease ~~ministries~~expires ~~which~~on ~~include~~December ~~the~~31, ~~Ministry~~2045. ofNo ~~Civil~~deposit ~~Affairs~~is ~~and~~paid ~~the~~with ~~Ministry~~this oflease. ~~Finance~~As of ~~the~~September ~~People’s Republic of China~~30, ~~the~~2017 ~~Company is entitled to benefit from the sales tax exemption~~ and ~~business tax exemption policy. As such, the Company is not subject to income tax as of~~ December 31, 2016~~. As of the date of this report~~, the Company ~~does~~had ~~not~~commitments ~~expect~~for ~~that~~future ~~this~~minimum ~~tax~~lease ~~exemption~~payments ~~policy~~under ~~will~~a ~~terminate~~non-cancelable inoperating ~~the~~lease ~~near~~as ~~future.~~ follows:

The Company is subject to US Federal tax laws. The Company has not recognized an income tax benefit for its operating losses in the United States because the Company does not expect to commence active operations in the United States. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be considered more likely than not. Deferred tax asset is calculated based on the statutory average rate of 34%.

Period	9/30/2017		12/31/2016
Year 1	$	2,885	$	2,765
Year 2		2,885		2,765
Year 3		2,885		2,765
Year 4		2,885		2,765
Year 5		2,885		2,765
Thereafter		64,415		66,362
Total	$	78,840	$	80,187

20Rental ~~Table~~expenses offor ~~Contents~~the six-month period ended September 30, 2017 and 2016 were $2,116 and $2,189, respectively. Rental expenses are recognized on a straight line basis.

~~China~~F-16 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Cash~~International ~~Flows~~Holding ~~(Unaudited)~~Corporation

~~For~~Notes ~~the~~to ~~six-month~~Condensed ~~period~~Consolidated ~~ended~~Financial ~~June~~Statements ~~30, 2017 and 2016~~(Unaudited)

~~(Stated~~September in30, ~~U.S.~~2017 ~~Dollars)~~and December 31, 2016

~~FIHK~~(Stated ~~and Spone are incorporated~~ in ~~Hong Kong and are subject to Hong Kong profits tax at a tax rate of 16~~U.5%S. No provision for Hong Kong profits tax has been made as FIHK and Spone had no taxable income during the reporting period. The Company has not recognized an income tax benefit for its operating losses in Hong Kong because the Company does not expect to commence active operations in Hong Kong. The tax benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could not be considered more likely than not. Deferred tax asset is calculated based on the statutory average rate of 16.5%. Dollars)

~~The~~11. ~~following~~INCOME ~~tables provide the reconciliation of the differences between the statutory and effective tax expenses for the six-month period ended June 30, 2017 and 2016:~~TAX

	6/30/2017			6/30/2016
Income attributed to PRC operations	$	74,350		$	66,918
Loss attributed to US and HK entities		(28,169	)		(73,830	)
Income/(loss) before tax	$	46,181		$	(6,912	)
PRC Statutory Tax at 25% Rate		11,545			16,729
Effect of tax exemption granted		(11,545	)		(16,729	)
Income tax		-			-

All of the Company’s operations are in the PRC, and in accordance with the relevant tax laws and regulations. The corporate income tax rate in China is 25%.

~~Per~~In ~~Share~~order ~~Effect~~to encourage enterprises to operate senior homes, PRC tax law provides a tax holiday by waiving the income tax for entities operating in this industry. According to the Minfa (2015) No. 33 “Advice to Encourage Private Capital to Participate in the Development of ~~Tax~~Pension ~~Exemption~~Services”, jointly issued by ten ministries which include the Ministry of Civil Affairs and the Ministry of Finance of the People’s Republic of China, the Company is entitled to benefit from the sales tax exemption and business tax exemption policy. As such, the Company is not subject to income tax as of December 31, 2016. As of the date of this report, the Company does not expect that this tax exemption policy will terminate in the near future.

	6/30/2017		6/30/2016
Effect of tax exemption granted	$	11,545	$	16,729
Weighted-Average Shares Outstanding Basic		56,560,007		56,000,007
Per share effect	$	0.00		0.00

~~The~~FIHK ~~difference~~and ~~between~~Spone ~~the~~are Uincorporated in Hong Kong and are subject to Hong Kong profits tax at a tax rate of 16.S5%. ~~federal~~No ~~statutory~~provision ~~income~~for Hong Kong profits tax ~~rate~~has been made as FIHK and Spone had no taxable income during the reporting period. The Company’s ~~effective~~has not recognized an income tax ~~rate~~benefit ~~was~~for asits ~~follows~~operating losses in Hong Kong because the Company does not expect to commence active operations in Hong Kong. The tax benefit for the periods ~~ended~~presented ~~June~~is ~~30,~~offset ~~2017~~by a valuation allowance established against deferred tax assets arising from the net operating losses and ~~2016:~~other temporary differences, the realization of which could not be considered more likely than not. Deferred tax asset is calculated based on the statutory average rate of 16.5%.

	6/30/2017			6/30/2016
U.S. federal statutory income tax rate		34	%		34	%
Lower rates in PRC, net		(9	)%		(9	)%
Tax holiday for senior care industry		(25	)%		(25	)%
The Company’s effective tax rate		0	%		0	%

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for the six-month period ended September 30, 2017 and 2016:

21 Table of Contents

	9/30/2017			9/30/2016
Income attributed to PRC operations	$	106,557		$	92,177
Loss attributed to US and HK entities		(38,360	)		(106,043	)
Income/(loss) before tax	$	68,197		$	(13,866	)

PRC Statutory Tax at 25% Rate		26,639			23,044
Effect of tax exemption granted		(26,639	)		(23,044	)
Income tax		-			-

~~China~~F-17 ~~Senior~~Table ~~Living~~of ~~Industry International Holding Corporation~~ Contents

~~Condensed~~China ~~Consolidated~~Senior ~~Statements~~Living ofIndustry ~~Cash~~International ~~Flows~~Holding ~~(Unaudited)~~Corporation

~~For~~Notes ~~the~~to ~~six-month~~Condensed ~~period~~Consolidated ~~ended~~Financial ~~June~~Statements ~~30, 2017 and 2016~~(Unaudited)

~~(Stated~~September in30, ~~U.S.~~2017 ~~Dollars)~~and December 31, 2016

~~12.~~(Stated ~~RELATED~~in ~~PARTY~~U.S. ~~TRANSACTION~~Dollars)

~~For~~Per ~~the~~Share ~~six-month~~Effect ~~period ended June 30, 2017 and 2016, the Company had one client which represented 100%~~ of ~~the~~Tax ~~revenue.~~Exemption ~~The client is a related party. The related party is controlled by the management of the Company:~~

	For the six-month period ended
	9/30/2017		9/30/2016
	6/30/2017		6/30/2016
Effect of tax exemption granted	$	26,639	$	23,044
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)	$	234,906	$	238,218
Weighted-Average Shares Outstanding Basic		56,560,007		56,000,007
Per share effect	$	0.00		0.00

13The difference between the U.S. ~~CONCENTRATIONS~~federal ~~AND~~statutory ~~RISKS~~income tax rate and the Company’s effective tax rate was as follows for the periods ended September 30, 2017 and 2016:

A. Concentration

	9/30/2017			9/30/2016
U.S. federal statutory income tax rate		34	%		34	%
Lower rates in PRC, net		(9	)%		(9	)%
Tax holiday for senior care industry		(25	)%		(25	)%
The Company’s effective tax rate		0	%		0	%

~~As of June 30, 2017, the Company had one client which represented 100% of the revenue~~12. ~~The~~RELATED ~~client~~PARTY ~~is a related party. The related party is controlled by the management of the Company.~~ TRANSACTION

AsFor ofthe ~~June~~nine-month period ended September 30, 2017 and 2016, the Company ~~has~~had aone ~~material~~client ~~balance~~which ~~due~~represented ~~from~~100% aof ~~related~~the ~~party~~revenue. ~~There~~The client is a ~~concentration~~related ~~risk~~party. ifThe ~~the~~related ~~balance~~party is ~~not~~controlled ~~repaid~~by ~~and~~the ~~would~~management ~~create~~of ~~a material impact in~~ the Company~~’s financial position and liquidity.~~ :

Cash deposits with banks are held in financial institutions in China, which are insured with deposit protection up to RMB500,000 (approximately $73,780). Accordingly, the Company does not have a concentration of credit risk related to bank deposits. The Company has not experienced any losses in such accounts and believes it is not exposed to significant credit risk.

	For the nine-month period ended
	9/30/2017		9/30/2016
Xianyang Yifuge Elderly Apartment Co., Ltd. (“Xianyang”)	$	354,907	$	358,232

B13. ~~Economic~~CONCENTRATIONS ~~and~~AND ~~Political Risks~~RISKS

~~The Company’s operations are mainly conducted in the PRC~~A. ~~Accordingly, the Company’s business, financial condition, and results of operations may be influenced by changes in the political, economic, and legal environments in the PRC.~~Concentration

~~The~~As ~~Company’s~~of ~~operations~~September in30, 2017, the ~~PRC~~Company ~~are~~had ~~subject~~one toclient ~~special~~which ~~considerations~~represented ~~and~~100% ~~significant~~of ~~risks~~the ~~not typically associated with companies in North America and Western Europe~~revenue. ~~These~~The ~~include~~client ~~risks~~is ~~associated~~a ~~with,~~related ~~among others, the political, economic and legal environment and foreign currency exchange~~party. The ~~Company’s~~related ~~results~~party ~~may~~is becontrolled ~~adversely affected~~ by ~~changes in~~ the ~~political~~management ~~and~~of ~~social conditions in~~ the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other thingsCompany.

14As of September 30, 2017, the Company has a material balance due from a related party. ~~SEGMENT~~There ~~INFORMATION~~is a concentration risk if the balance is not repaid and would create a material impact in the Company’s financial position and liquidity.

AsCash ofdeposits ~~and~~with ~~for~~banks ~~the~~are ~~six-month~~held ~~period~~in ~~ended~~financial ~~June~~institutions 30in China, ~~2017~~which ~~and~~are ~~2016,~~insured ~~all~~with ~~revenues~~deposit ofprotection ~~the~~up ~~Company~~to ~~represented~~RMB500,000 ~~the~~(approximately ~~provision~~$73,780). ofAccordingly, ~~management~~the ~~services~~Company todoes ~~senior~~not ~~homes.~~have Noa ~~financial~~concentration ~~information~~of bycredit ~~business~~risk ~~segment~~related isto ~~presented~~bank deposits. ~~Furthermore,~~The asCompany ~~all~~has ~~revenues~~not ~~are~~experienced ~~derived~~any ~~from~~losses ~~the~~in ~~PRC,~~such noaccounts ~~geographic~~and ~~information~~believes byit ~~geographical~~is ~~segment~~not isexposed ~~presented~~to significant credit risk.

22F-18 Table of Contents

China Senior Living Industry International Holding Corporation

Notes to Condensed Consolidated Financial Statements ~~of Cash Flows~~ (Unaudited)

~~For~~September ~~the six-month period ended June~~ 30, 2017 and December 31, 2016

(Stated in U.S. Dollars)

15B. ~~GOING~~Economic ~~CONCERN~~and ~~UNCERTAINTIES~~Political Risks

~~These~~The ~~financial~~Company’s ~~statements~~operations ~~have~~are ~~been~~mainly ~~prepared~~conducted ~~assuming~~in ~~that~~the ~~Company~~PRC. ~~will~~Accordingly, ~~continue~~the asCompany’s abusiness, ~~going~~financial ~~concern~~condition, ~~which~~and ~~contemplates~~results ~~the realization~~ of ~~assets~~operations ~~and~~may ~~the~~be ~~discharge~~influenced ofby ~~liabilities~~changes in the ~~normal~~political, ~~course~~economic, ofand ~~business~~legal ~~for~~environments in the ~~foreseeable future~~PRC.

AsThe ofCompany’s ~~June~~operations ~~30,~~in ~~2017,~~ the ~~Company~~PRC ~~had~~are ~~accumulated~~subject ~~deficits of $618,516 due~~ to ~~the~~special ~~substantial~~considerations ~~losses in operations in prior years,~~ and ~~a related party owed a~~ significant ~~balance~~risks ~~to the Company that has~~ not ~~been~~typically ~~repaid,~~associated ~~which~~with ~~has~~companies ~~limited the Company’s liquidity. Management’s plan to support the Company~~ in ~~operations~~North ~~and~~America ~~to maintain its business strategy is to raise funds through public~~ and ~~private~~Western ~~offerings~~Europe. ~~and~~These toinclude ~~rely~~risks onassociated ~~officers and directors to perform essential functions~~ with, ~~minimal~~among ~~compensation.~~others, ~~If we do not raise all of~~ the ~~money we need from public or private offerings~~political, weeconomic ~~will~~and ~~have~~legal toenvironment ~~find~~and ~~alternative~~foreign ~~sources,~~currency ~~such as loans or advances from our officers, directors or others~~exchange. ~~Such~~The ~~additional~~Company’s ~~financing~~results may ~~not become available on acceptable terms and there can~~ be noadversely ~~assurance~~affected ~~that~~by ~~any~~changes ~~additional~~in ~~financing that~~ the ~~Company~~political ~~does~~and ~~obtain~~social ~~will~~conditions ~~be sufficient to meet its needs~~ in the ~~long~~PRC, ~~term.~~and ~~Even~~by ifchanges ~~the~~in ~~Company~~governmental ispolicies ~~able~~with respect to ~~obtain~~laws ~~additional~~and ~~financing~~regulations, itanti-inflationary ~~may contain undue restrictions on our operations~~measures, incurrency ~~the case of debt financing~~conversion, orremittances ~~cause substantial dilution for our stockholders~~abroad, inand ~~the~~rates ~~case of equity financing. If we require additional cash~~ and ~~cannot~~methods ~~raise~~of ittaxation, weamong ~~will~~other ~~either have to suspend operations or cease business entirely~~things.

~~The~~14. ~~accompanying~~SEGMENT financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.INFORMATION

16As of and for the nine-month period ended September 30, 2017 and 2016, all revenues of the Company represented the provision of management services to senior homes. ~~SUBSEQUENT~~No ~~EVENTS~~financial information by business segment is presented. Furthermore, as all revenues are derived from the PRC, no geographic information by geographical segment is presented.

~~The~~15. ~~Company~~GOING ~~has~~CONCERN ~~evaluated~~UNCERTAINTIES subsequent events through the issuance of the consolidated financial statements and no subsequent events were identified that required adjustment to a disclosure in the consolidated financial statements.

23These ~~Table~~financial statements have been prepared assuming that Company will continue as a going concern, which contemplates the realization of ~~Contents~~assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of September 30, 2017, the Company had accumulated deficits of $596,499 due to the substantial losses in operations in prior years, and a related party owed a significant balance to the Company that has not been repaid, which has limited the Company’s liquidity. Management’s plan to support the Company in operations and to maintain its business strategy is to raise funds through public and private offerings and to rely on officers and directors to perform essential functions with minimal compensation. If we do not raise all of the money we need from public or private offerings, we will have to find alternative sources, such as loans or advances from our officers, directors or others. Such additional financing may not become available on acceptable terms and there can be no assurance that any additional financing that the Company does obtain will be sufficient to meet its needs in the long term. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. If we require additional cash and cannot raise it, we will either have to suspend operations or cease business entirely.

The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

16. SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the issuance of the consolidated financial statements. On June 1, 2018, the Company became a majority owner in a PRC corporation, Shaanxi Jinjiangshan Da Jiankang Health Science Development Co., Ltd.

F-19

Table of Contents

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

The following discussion of the results of our operations and financial condition should be read in conjunction with the audited financial statements and accompanying notes and the other financial information appearing in the 2016 Annual Report filed with the Securities and Exchange Commission and our consolidated financial statements and the related notes thereto, which appear elsewhere in this Quarterly Report on Form 10-Q. Except for the historical information contained herein, the following discussion, as well as other information in this report, contain “forward-looking statements,” which are based on information we have when those statements are made or management’s good faith belief as of that time with respect to future events. Actual results and the timing of the events may differ materially from those contained in these forward looking statements due to a number of factors, including those discussed in the “Forward-Looking Statements” set forth elsewhere in this Quarterly Report on Form 10-Q.

Description of Business

The Company was incorporated in Nevada on January 13, 1986. On September 29, 2015, the Company’s indirectly wholly-owned subsidiary Xian Qi Ying Senior Living, Inc (formerly known as Xi’an Qi Ying Bio-Tech Limited) (“Qi Ying”) entered into a series of various interest entity (“VIE”) agreements with Shaanxi Yifuge Investments and Assets Co, Ltd (“Yifuge”), according to which Yifuge became our affiliated operating company in China. As consideration, we issued 33,600,000 shares of common stock to Jincao Wu, who was the control person and owner of Yifuge and the Company’s current chief executive officer. On September 29, 2015, our board of directors approved the transfer of Qi Ying’s equity ownership in Hanzhong Hengtai Bio-Tech Limited (“Hengtai”) to three individuals, Zhenheng Shao, Zhenguo Shao and Yongli Yang. Upon the completion of this equity transfer, Hengtai iswas no longer our indirectly wholly-owned subsidiary in China, and we ceased the business of plantation and sale of garden plants through Hengtai and became engaged in senior living and senior care business through Yifuge. On December 31, 2015, Yifuge changed its name from Shaanxi Yifuge Investments and Assets Co., Ltd to Shaanxi Jinjiangshan Senior Living Management Co, Ltd.

We ~~mainly~~ engage in the business of operating a senior living ~~facilities~~facility in Xianyang City, a part of Xi’an Metropolitan Area in Shaanxi Province, People’s Republic of China (or “China” or “PRC”), ~~out of our single location~~ with the ability to serve 200 residents. We offer our residents access to a full continuum of services across all sectors of the senior living industry. We generate our revenues from private customers, which limits our exposure to government reimbursement risk. ~~In addition, we control the operating economics of our facilities through property ownership and long-term leases.~~ We believe we operate in the attractive sectors of the senior living industry in China with significant opportunities to increase our revenues through providing a combination of housing, hospitality services and health care services.

We plan to grow our revenue and operating income through a combination of: (i) organic growth ~~in our existing portfolio;~~ (ii) acquisitions of additional operating companies and facilities; and (iii) the realization of economies of scale. ~~Given~~Once ~~the~~we ~~size~~generate positive and ~~breadth~~sufficient ofcash flow from our ~~basic~~operations ~~platform,~~or weattract ~~believe~~additional ~~that~~investors, we ~~are~~intend ~~well positioned~~ to invest in a broad spectrum of assets in the senior living industry ~~once we generate positive and sufficient cash flow from our operation or attract additional investors~~.

We believe that the senior living industry is the preferred alternative to meet the growing demand for a cost-effective residential setting in which to care for the elderly who cannot, or as a lifestyle choice choose not to, live independently due to physical or cognitive frailties and who may, as a result, require assistance with some of the activities of daily living or the availability of nursing or other medical care. Housing alternatives for seniors include a broad spectrum of senior living service and care options, including independent living, assisted living, memory care and skilled nursing care. More specifically, senior living consists of a combination of housing and the availability of 24-hour a day personal support services and assistance with certain activities of daily living.

Results of Operations

Three-month Period Ended ~~June~~ September 30, 2017 Compared to Three-month Period Ended ~~June~~ September 30, 2016

The following table summarizes the results of our operations during the three-month period ended ~~June~~ September 30, 2017 and 2016, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the three-month period ended ~~June~~September 30, 2017 compared to the three-month period ended September ~~June~~ 30, 2016.

Table of Contents

(All amounts, other than percentages, stated in U.S. dollars)

	Three-month period ended June 30,					Increase/			Increase/
	Three-month period ended September 30,					Increase/ (Decrease)			Increase/ (Decrease)
	2017		2016			(~~Decrease) (~~$)			(~~Decrease) (~~%)
Revenues		116,509		112,490			(5,981	)		(5	)%
Net revenues		120,001		120,014			(13	)		(0	)%
Cost of revenues		7784,~~972~~417		8191,~~029~~051			(36,~~057~~634	)		(47	)%
Gross profit		3835,~~537~~584		4128,~~461~~963			(26,~~924~~621	)		(723	)%
Operating expenses
Selling and marketing expenses		-		-			-			-
General and administrative expenses		2813,~~477~~569		4735,~~296~~922			(1822,~~819~~353	)		(4062	)%
Operating (loss)/income		10,060		(5,835	)		15,895			272	%
Operating income/(loss)		22,015		(6,959	)		28,974			416	%
Net (loss)/income		10,061		(5,827	)		15,888			273	%
Net income/(loss)		22,016		(6,954	)		28,970			417	%

24 Table of Contents

Revenue

~~Revenues~~Net revenues. Our ~~revenues~~net revenue for the three-month period ended December ~~June 30~~31, 2017 amounted to $~~116~~120,~~509~~001, which represents a decrease of approximately $513,~~981,~~ ~~or 5%,~~ from the three-month period ended on September ~~June~~ 30, 2016, in which our net revenue was $~~112~~120,~~490~~014. ~~The decrease was mainly due to fluctuations in foreign currency exchange rate.~~

Cost of Revenues. Our cost of revenue for the three-month period ended ~~June~~ September 30, 2017 amounted to $7784,~~972~~417, which represents a decrease of approximately $36,~~057~~634, or 4 7%, from the three-month period ended ~~June~~September 30, 2016, in which our cost of revenue was $8191,~~029~~051. ~~The decrease was mainly due to Company’s effort in reducing costs and fluctuations in foreign currency exchange rate.~~

Gross Profit. Our gross profit for the three-month period ended ~~June~~September 30, 2017 amounted to $3835,~~537~~584, which represents an aincrease ~~decrease~~ of approximately $26,~~924~~621, or 7 23%, from the three-month period ended on September ~~June~~ 30, 2016, in which our gross profit was $4128,~~461~~963. ~~The decrease was mainly due to decrease in cost of revenues.~~

Operating Expenses

Selling Expenses. There were no selling expenses incurred in ~~the three-month periods ended June 30,~~ 2017 and 2016.

General and Administrative Expenses. We experienced a decrease in general and administrative expense of $1822,~~819~~ 353 from $2835,~~477~~922 to ~~during~~$13,569 for the three-month ~~months~~ period ended September ~~June~~ 30, ~~2016 to $47~~2017,~~296~~ ~~for~~compared to the ~~three-month~~same period ~~ended~~in ~~June 30, 2017~~2016. The decrease was mainly due to the decreases in professional fees incurred as compared to 2016, when the Company reorganized its structure and changed its business.

Operating Income

Operating income increased ~~was~~by $1028,~~060~~974, ~~in the three-month period ended June 30~~or 416%, ~~2017 compared~~ to operating ~~loss~~income of $(522,~~835)~~ 015 in ~~the~~2017 ~~three-month~~from ~~period~~operating ~~ended~~loss ~~June 30, 2016, representing an increase~~ of $156,~~895,~~959 orin ~~272%.~~2016 ~~The~~as ~~increase was~~ a result of the decrease ofin general and administrative expenses.

Income Taxes

There were no income tax expenses incurred in ~~the three-month periods ended June 30,~~ 2017 and 2016.

Net Income

Net income increased ~~for~~by ~~three months ended June 30~~$28,970, ~~2017~~or ~~was $10~~417%,~~061~~ ~~compared~~ to a net ~~loss~~income of $(522,~~827)~~016 in ~~the~~2017 ~~three-month~~from ~~period~~net ~~ended~~loss ~~June~~of 30$6,954 in 2016, ~~representing~~as ana ~~increase~~result of ~~$15,888, or 273. The increase was mainly caused by~~ the ~~decreases~~decrease in general and administrative expenses.

25Nine-month ~~Table~~Period Ended September 30, of2017 ~~Contents~~Compared to Nine-month Period Ended September 30, 2016

~~Six~~The following table summarizes the results of our operations during the nine-month ~~Period~~period ended September 30, ~~Ended~~2017 ~~June~~and 2016, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the nine-month period ended September 30, 2017 ~~Compared~~compared to ~~Six~~the nine-month ~~Period~~period ended September ~~Ended June~~ 30, 2016.

~~The~~6 ~~following~~Table ~~table summarizes the results~~ of our operations during the six-month period ended June 30, 2017 and 2016, respectively and provides information regarding the dollar and percentage increase or (decrease) from the six-month period ended June 30, 2017 compared to the six-month period ended June 30, 2016.Contents

(All amounts, other than percentages, stated in U.S. dollars)

	Six-month period ended June 30,					Increase/			Increase/
	Nine-month period ended September 30,					Increase/ (Decrease)			Increase/ (Decrease)
	2017		2016			(~~Decrease) (~~$)			(~~Decrease) (~~%)
Revenues		234,906		238,218			(3,312	)		(1	)%
Net revenues		354,907		358,232			(3,325	)		(1	)%
Cost of revenues		~~156~~240,~~144~~561		~~165~~256,~~094~~145			(815,~~950~~584	)		(56	)%
Gross profit		78114,~~762~~346		73102,~~124~~087			512,~~638~~259			712	%
Operating expenses
Selling and marketing expenses		-		-			-			-
General and administrative expenses		3246,~~584~~153		80115,~~055~~977			(4769,~~471~~824	)		(5960	)%
Operating (loss)/income		4668,~~178~~193		(613,~~931~~890	)		5382,~~109~~083			~~766~~591	%
Net (loss)/income		4668,~~181~~197		(613,~~912~~866	)		5382,~~093~~063			~~768~~592	%

Revenue

~~Revenues~~Net revenues. Our ~~revenues~~net revenue for the ~~six~~ nine-month period ended September ~~June~~ 30, 2017 amounted to $~~234~~354,~~906 compared to revenues of $238~~907,~~218~~ ~~during the comparative period in 2016,~~ which represents a decrease of approximately $3,~~312~~325, or 1%., ~~The~~from ~~decrease~~the nine-month ~~was~~period ~~mainly~~ended ~~due~~on September to30, ~~fluctuations~~2016, in ~~foreign~~which ~~currency~~our ~~exchange~~net ~~rate~~revenue was $358,232.

Cost of Revenues. Our cost of revenue for the ~~six~~ nine-month period ended ~~June~~ September 30, 2017 amounted to $~~156~~240,~~144~~561, which represents a decrease of approximately $815,~~950~~584, or 5 6%, from the ~~six~~ nine-month period ended ~~June~~September 30, 2016, in which our cost of revenue was $~~165~~256,~~094~~145. ~~The decrease was mainly due to Company’s effort in reducing costs and fluctuations in foreign currency exchange rate.~~

Gross Profit. Our gross profit for the ~~six~~ nine-month period ended September ~~June~~ 30, 2017 amounted to $78114,~~762~~346, which represents an increase of approximately $512,~~638~~259, or 712%, from the ~~six~~ nine-month period ended on ~~June 30~~ September, 2016, in which our gross profit was $73102,~~124~~087. ~~The increase was mainly due to decreases in cost of revenues.~~

Operating Expenses

Selling Expenses. There were no selling expenses incurred in ~~six-month periods ended June 30,~~ 2017 and 2016.

General and Administrative Expenses. We ~~The~~experienced a decrease in general and administrative expense ~~during~~of ~~the~~$69,824 from ~~six~~$115,977 to ~~months~~$46,153 for the nine-month period ended September ~~June~~ 30, 2017 ~~amounted to $32~~,~~584~~ compared to the ~~general~~same ~~and administrative expenses of $80,055 during the comparative~~ period in 2016~~, representing a decrease of $47,471 or 59%~~. The decrease was mainly due to the decreases in professional fees incurred as compared to ~~the same period in~~ 2016, when the Company reorganized its structure and changed its business.

Operating Income

Operating income increased ~~for~~by ~~the six months ended June 30, 2017 amounted to~~ $4682,~~178~~083, anor 591%, ~~increase~~to in operating income of $5368,~~109,~~193 in or2017 ~~766%,~~ from operating loss of $6(13,~~931~~890) in ~~the six-month period ended June 30,~~ 2016 as a result of the ~~decrease~~increase inof general and administrative expenses ~~in the six months ended June 30, 2017~~.

Income Taxes

There were no income tax expenses incurred in ~~six-month periods ended June 30,~~ 2017 and 2016.

Net Income

Net income increased ~~for~~by ~~the six months ended June 30~~$82,063, ~~2017~~or ~~amounted to $46~~592%,~~181~~ ~~compared~~ to a net ~~loss~~income of $668,~~912~~197 ~~during the same period~~ in ~~2016,~~2017 anfrom ~~increase~~net loss of $53(13,~~093,~~866) in or2016 ~~768%.~~as ~~The~~a ~~increase~~result ~~was~~of ~~mainly due to~~ the decrease in general and administrative expenses ~~for the six months ended June 30, 2017~~.

26 Table of Contents

Liquidity and Capital Resources General

As of ~~June~~September 30, 2017 and December 31, 2016, cash and cash equivalents were $224,~~897~~ 070 and $4,270, respectively.

~~Based~~7 ~~upon~~Table ~~our~~of present plans, we believe that cash on hand, cash flows from operations and funds available under our bank facilities will be sufficient to fund our capital needs for the next twelve months. However, if available liquidity is not sufficient to meet our operating and loan obligations as they come due, our plans include pursuing equity or debt financing or reducing expenditures as necessary to meet our cash requirements. There can be no assurance that these plans will be sufficient or that additional financing will be available in amounts or terms acceptable to the Company, if at all. Contents

Based upon our present plans, we believe that cash on hand, cash flows from operations and funds available will be sufficient to fund our capital needs for the next twelve months. However, if available liquidity is not sufficient to meet our operating and loan obligations as they come due, our plans include pursuing alternative financing arrangements or reducing expenditures as necessary to meet our cash requirements. There is no assurance that we will be able to raise additional capital or reduce discretionary spending to provide liquidity, if needed. Currently, the capital markets for small capitalization companies are difficult. Thus we cannot be sure of the availability or terms of any alternative financing arrangements.

The following table provides detailed information about our net cash flow for all financial statement periods presented in this report.

	For the six-month period ended June 30,
	For the nine-month period ended September 30,
(Stated in U.S. dollars)	2017			2016
Net cash flows used in operating activities		(1333,~~307~~861	)		(36143,~~959~~917	)
Net cash flows used in investing activities		-			-
Net cash flows provided by financing activities		3032,~~547~~468			87109,~~414~~816
Effect of foreign currency translation on cash and cash equivalents		61,195			~~692~~(2,378	)

Operating Activities

Net cash used in operating activities for the ~~six~~ nine-month period ended ~~June~~ September 30, 2017 was $1333,~~307~~861 and net cash used in operating activities for the ~~six~~ nine-month period ended ~~June~~ September 30, 2016 was $36143,~~959~~917.

Investing Activity

There ~~was~~were no investing ~~activity~~activities in 2017 and 2016.

Financing Activities

Net cash provided from financing activities for the ~~six~~ nine-month period ended ~~June~~ September 30, 2017 was $3032,~~547~~468, and net cash provided from financing activities for the ~~six~~ nine-month period ended September ~~June~~ 30, 2016 was $87109,~~414~~816. The decrease is primarily due to ~~decreases~~a decrease in funding provided by the related party to support the Company’s operations.

27 Table of Contents

Subsequent Events

The Company has evaluated subsequent events through the issuance of the unaudited consolidated condensed financial statements. ~~and~~On noJune ~~subsequent~~1, ~~events~~2018, ~~were~~the ~~identified~~Company ~~that~~became ~~required~~a ~~adjustment~~majority toowner in a ~~disclosure~~PRC incorporation, ~~the~~Shaanxi ~~unaudited~~Jinjiangshan ~~condensed~~Da ~~consolidated~~Jiankang ~~financial~~Health ~~statements~~Science Development Co., Ltd.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures as required under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are designed to ensure that information required to be disclosed in the Company’s Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including its chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

The Company’s management carried out an evaluation, under the supervision and with the participation of the Company’s chief executive officer and chief financial officer, of the effectiveness of its disclosure controls and procedures. Based on the foregoing, its chief executive officer and chief financial officer concluded that the Company’s disclosure controls and procedures were not effective as of ~~June~~September 30, 2017. The Company does not have a chief financial officer that is familiar with the accounting and reporting requirements of a U.S. publicly-listed company, nor does it have a financial staff with accounting and financial expertise in U.S. generally accepted accounting principles (“US GAAP”) reporting. In addition, the Company does not believe it has sufficient documentation concerning its existing financial processes, risk assessment and internal controls. There are also certain deficiencies in the design or operation of the Company’s internal control over financial reporting that has adversely affected its disclosure controls that may be considered to be “material weaknesses.”

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

Changes in Internal Control over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

289 Table of Contents

PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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 1A. RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 2. UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULT UPON SENIOR SECURITIES.

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURE.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

2910 Table of Contents

ITEM 6. EXHIBITS

The following exhibits are filed herewith:

Exhibit No.		Description

3.1*		Articles of Incorporation of the Company (Incorporated by reference from Exhibit 3 to Patriot Investment Corporation’s Form 10-SB12G filed with the Commission on April 13, 1999)
3.2*		Bylaws of the Company (Incorporated by reference from Exhibit 3 to Patriot Investment Corporation’s Form 10-SB12G filed with the Commission on April 13, 1999)
31.1**		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
31.2**		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
32.1***		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2***		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

Exhibit No.		Description
31.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
31.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

______________

30* ~~Table~~Previously ~~of Contents~~filed

** Filed herewith

*** Furnished herewith

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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.

	China Senior Living Industry International Holding Corporation
Date: August 18, 2017	By:	/s/ Jincao Wu
Date: October 4, 2018	By:	/s/ Jincao Wu
		Jincao Wu
		Chief Executive Officer
		(Principal Executive Officer)
	By:	/s/ Liping Cui
		Liping Cui
		Chief Financial Officer
		(Principal Financial Officer)

3112

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