UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended April 30, ~~2015~~2016

☐ 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: 000-54539

Borneo Industrial Fishery Corp Inc.

Nevada

(State or other jurisdiction

of incorporation)

000-54539

(Commission

File Number)

27-1179591

(I.R.S. Employer

Identification Number)

136-~~40 39th~~20 38th Avenue

~~Garden Plaza, Suite 6B~~Unit 3G

Flushing, NY 11354

(Address of principal executive offices and zip code)

Phone: 9294219748

(Registrant’s telephone number, including area code)

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

None.

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

Common Stock, $0.001 par value per share.

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

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

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

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

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

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

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☑

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

The issuer's revenues for the most recent fiscal year ended April 30, ~~2015~~2016 were $0.

The aggregate market value of the voting and non-voting common equity held by non-affiliates as of the last business day of the registrant’s most recently completed second fiscal quarter was $0, as there was no public market for the registrants common stock as of October 31, ~~2014~~2015.

State the number of shares of the issuer’s common stock outstanding, as of the latest practicable date: 4,366,649 shares of common stock issued and outstanding as of ~~July~~April 3119, ~~2015~~2017.

DOCUMENTS INCORPORATED BY REFERENCE

NONE.

FORM 10-K

FOR THE FISCAL YEAR ENDED APRIL 30, ~~2015~~2016

TABLE OF CONTENTS

Cautionary Statement Regarding Forward-Looking Information

Part I

Item 1. Business

Item 1A. Risk Factors

Item 2. Properties

Item 3. Legal Proceedings

Item 4. Mine Safety Disclosures

Part II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 6. Selected Financial Data

Item 7. Management's Discussion and Analysis or Plan of Operation

Item 8. Financial Statements and Supplementary Data

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

Item 9A. Controls and Procedures

Item 9B. Other Information

Part III

Item 10. Directors, Executive Officers and Corporate Governance

Item 11. Executive Compensation

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

Item 13. Certain Relationships and Related Transactions

Item 14. Principal Accountant Fees and Services

Part IV

Item 15. Exhibits, Financial Statement Schedules

Annex: Financial Statements and Footnotes

PART I

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

We caution you that this report contains forward-looking statements regarding, among other things, financial, business, and operational matters.

All statements that are included in this Annual Report, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using words such as “may,” “can,” “could,” “should,” “predict,” “aim’” “potential,” “continue,” “opportunity,” “intend,” “goal,” “estimate,” “expect,” “expectations,” “project,” “projections,” “plans,” “anticipates,” “believe,” “think,” “confident” “scheduled” or or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by ~~the~~ the forward-looking statements, and therefore should be carefully considered. We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law. References in this Form 10-K, unless another date is stated, are to April 30, ~~2015~~2016. As used herein, the “Company,” “BOFC,” “we,” “us,” “our” and words of similar meaning refer to Borneo Industrial Fishery Corp Inc. ~~(formerly “China Xibolun Technology Holdings Corporation”).~~

ITEM 1. Business

Overview

Borneo Industrial Fishery Corp Inc. ~~(formerly~~was ~~“China~~incorporated ~~Xibolun~~in ~~Technology~~the ~~Holdings~~state ~~Corporation”)~~of ~~was initially~~Nevada ~~incorporated~~on April 18, 2008, under the name “China Xibolun Technology Holdings Corporation and Dimus Partners, Inc”. inWe ~~the~~have ~~state~~not ofgenerated ~~Nevada~~any onrevenues ~~April~~to date. To date we have had only ~~18,~~limited ~~2008~~operations.

On or ~~around~~September ~~October 14~~21, ~~2008~~2012, weJames ~~affected~~Patton, aNathan ~~two~~Pettus ~~for~~and ~~one~~James Pacey (~~2:1~~“Sellers”), ~~forward~~who ~~stock~~are ~~split~~collectively the controlling shareholders of ~~our~~Dimus ~~outstanding~~Partners, Inc (“Company”), sold 4,200,000 shares of common stock (of the ~~“Forward~~Company ~~Split~~to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $190,000. 00. The ~~Forward~~sold ~~Split~~4,200,000 shares isof ~~retroactively~~common ~~reflected~~stock ~~throughout~~represented approximately 96.2% of the total issued and outstanding stock of the Company. As result of this ~~Report~~share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company. The liabilities of $177,350 of the Company prior to September 21, 2012 have been settled by the Company resulting in a $17,310 gain.

~~Borneo Industrial Fishery Corp Inc. is a strategic, financial and operational consulting company, which plans to consult with clients in an effort to generate~~On ~~additional~~October ~~revenues for such clients~~11, by lowering overhead expenses and/or increasing the clients marketing efforts. We plan to concentrate on smaller customers who our management believes are typically overlooked by traditional consulting firms which in our management’s experience only focus on larger2012, ~~higher~~we ~~paying~~changed ~~clients. All of~~ our ~~ideas~~name ~~and recommendations will focus on the objective of improving the bottom-line profit results of our future customers. We also plan~~ to ~~help~~China ~~clients discover~~Xibolun ~~and~~Technology ~~create~~Holdings ~~operational efficiencies by building software and eventually by working to create pre-packaged software products, funding and software creation permitting~~Corporation.

~~The~~Anyuan Company has developed a contingent fee based methodology for billing business consulting which we call The CXBL Advantage (the Company has not obtained any trademarks for The CXBL Advantage due to cost constraintsSun, ~~however,~~our ~~the~~former ~~Company may take action in the future~~director, ~~funding~~resigned ~~permitting~~from tohis ~~obtain~~position aon ~~trademark~~July for such term). The “CXBL Advantage” is the Company’s idea of only charging potential clients a success based fee instead of hourly billing rates. The CXBL Advantage is not a product or service22, ~~but only a way of billing clients. By only charging a fee if our efforts successfully increase the client’s revenues~~2014, ~~marketing~~due ~~ability, reduce their expenses, or enable the client~~ to ~~meet~~personal such other goals or targets as the client and the Company determine prior to the engagement by the Company (each “Goals”), we believe that we will be able to share in the success of our potential clients over the long-term and that our services will be more affordable and attractive to our potential clients (as they will only pay us if they see a benefit from such services) than other traditionally priced consulting servicesreasons. ~~Each~~ On ~~engagement~~July ~~agreement we will enter into with future clients will set forth the specific Goals that the client is attempting to meet~~22, ~~based on mutually agreeable criteria (i.e.~~2014, ~~criteria and goals as agreed~~Anyuan ~~upon~~Sun bytransferred ~~us and the client based on what areas of the clients’ business operations they are seeking to improve) and targets for improvement~~1, ~~which will vary engagement to engagement~~680,000 ~~based~~shares ~~upon the negotiation~~ of ~~the~~common ~~parties~~stock ~~at the time of engagement, and which we and the client believe are reasonable. The fees payable~~ to usChin ~~will~~Yung ~~then be determined by whether the client meets such previously established Goals with our consulting assistance~~Kong. ~~We will only generate fees if the client meets the mutually agreed upon Goals and in the event the client fails to meet the pre-established Goals, they may not be required to pay us any fees at all.~~

~~While each contingent success based fee arrangement based on the CXBL Advantage will be different,~~On ~~based~~July ~~on the individual Goals each future client is trying to accomplish~~28, ~~the negotiations of the Company and the client~~2015, ~~the size of the engagement and difficulty of the client meeting such Goals, which can only be established at the time of engagement,~~ we ~~anticipate~~changed that each arrangement will have similar characteristics. Those characteristics will likely include 1) a breakup fee payable to the Company in the event the client does not choose to implement the Company’s recommended suggestions for meeting such Goals; 2) set a baseline for (a) the clients expected ability to meet the Goals; or (b) the clients continued operations on a status quo basis, assuming no intervention by the Company; 3) determine the period or ending date during which the client will be required to meet the Goals with the Company’s consulting assistance; and 4) provide the fees due to the Company in the event the client meets the Goals over the predetermined period (collectively the “Engagement Terms”). As described above, all Engagement Terms will be determined and negotiated by the Company and its clients on a case by case basis at the time of engagement. We call the methodologies and analysis techniques that we plan to use to prepare a potential client for our ~~contingent~~name ~~success fee based approach~~ to ~~consulting~~Borneo ~~and~~Industrial ~~understand~~Fishery ~~where~~Corp ~~our expertise can help the “CXBL Trace Toolkit~~Inc.” Similar to the CXBL Advantage, the Company has not obtained any trademarks for CXBL Trace Toolkit due to cost constraints; however, the Company may take action in the future, funding permitting to obtain a trademark for such term. The CXBL Trace Toolkit is not a product or service, but just a proprietary set of written analysis techniques, questionnaires and processes to assist us and our clients in the engagement process.

~~We have~~Description not generated any revenues to date. To date we have had only limited operations. We do not currently have any paying clients, nor have we ever had any paying clients. We have however, previously consulted with a limited number of ~~clients for~~Current free in return for such clients providing us references and in an effort to gain experience. Additionally, we have had ongoing discussions with certain customer home builders, including Jimmy Jacobs Custom Homes, as described below, which have not generated any revenues, but which we believe have provided us much needed experience and word of mouth regarding our services. As a result of the above, we have not had a sufficient opportunity to determine the feasibility and success of the results-oriented billing techniques of the CXBL Advantage.Business

WeThe ~~plan~~Company’s toofficers ~~focus~~and ondirectors ~~small~~have determined that the Company lacks the resources to ~~mid-sized~~properly ~~companies~~develop inthe ~~various~~Company’s Previous ~~industries~~business ~~and~~model, ~~markets~~therefore, ~~including~~the Company’s officers and directors have determined to seek a merger or an acquisition with a larger, ~~but~~better ~~not~~capitalized ~~limited~~entity: “to enhance the ~~construction industry (as~~distribution ~~described~~to ~~below)~~ creditors” and ~~our~~bring ~~management~~greater ~~believes~~value ~~that~~to ~~there are~~our ~~significant~~shareholders. ~~growth~~Therefore, ~~opportunities~~as inof ~~mid-market~~the ~~companies~~date ~~whose~~hereof, ~~day-to-day~~the ~~operations~~Company ~~have~~can ~~not~~be ~~benefited~~defined ~~from~~as ~~dedicated~~a ~~strategic~~"shell" company, an entity which is ~~financial~~generally ordescribed ~~operational~~as ~~support~~having ~~systems.~~no Weor ~~believe~~nominal ~~that~~operations ~~these~~and ~~companies~~with ~~share~~no ~~many~~or ofnominal ~~the~~assets. ~~same~~As ~~problems~~a ~~found~~shell incompany, ~~Fortune~~our ~~500~~purpose at this ~~corporations~~time, ~~but~~is ~~may~~to ~~lack~~seek ~~the~~other ~~human~~business opportunities and ~~capital~~negotiate ~~resources~~a ~~needed~~business toarrangement ~~take~~or ~~advantage~~combination ofwith ~~the~~a ~~business-improving~~larger ~~principles~~entity ~~consulting~~which will ~~can~~bring ~~provide.~~greater ~~Our~~value ~~business~~to isour ~~targeted~~shareholders. atAs ~~these~~of ~~small~~the todate ~~mid-sized~~hereof, ~~companies~~we ~~that~~have ~~cannot~~not ~~afford~~identified ~~traditional~~any ~~business~~potential ~~consulting~~merger or acquisition candidates.

~~Target~~The Company’s ~~Market~~officers and directors believe that a potential merger or acquisition target will be a business which seeks the benefits of our shareholder base or status as a reporting issuer. The Company’s sole officer and director will not restrict its search to any specific industry or geographical location. The Company’s officers and directors anticipate that the Company may be able to participate in only one potential business venture because a business partner might require exclusivity. This lack of diversification should be considered a substantial risk to our shareholders because it will not permit us to offset potential losses from one venture against gains from another.

We may ~~are~~seek ~~focused~~a ~~primarily~~business onopportunity ~~small~~with toentities ~~mid-sized, privately-owned~~which ~~companies,~~have ~~somewhere~~recently incommenced ~~the~~operations, ~~yearly~~or ~~revenue~~which ~~range~~wish ~~of $15 million~~ to ~~$50~~expand ~~million~~into ~~per~~new ~~year. Initially we will concentrate~~products ~~efforts~~or inmarkets, ~~the~~to ~~Austin~~develop ~~and~~a ~~San~~new ~~Antonio~~product, ~~Texas~~or ~~corridor.~~to Asutilize the ~~Company~~public ~~expands,~~marketplace wein ~~hope~~order to ~~open~~raise ~~offices~~additional incapital. ~~the~~This ~~Dallas and Houston~~discussion ~~areas,~~of ~~funding and demand permitting, which will increase~~ the ~~number~~proposed ofbusiness ~~potential~~is ~~clients~~purposefully wegeneral ~~can~~and ~~offer~~is ~~our~~not ~~services~~meant to~~. While we~~ ~~have~~be ~~initially~~restrictive ~~focused~~of our ~~attention~~discretion ~~on companies in the construction industry, similar~~ to ~~the~~search ~~Customer~~for ~~(defined~~and ~~below), moving~~enter ~~forward~~into wepotential ~~hope~~business ~~to branch out various additional industries and markets~~opportunities.

We anticipate dothat ~~not~~the ~~currently~~selection ~~have~~of ~~any~~a ~~paying~~business ~~clients nor~~opportunity doin wewhich ~~have~~to ~~any~~participate ~~material~~will ~~agreements~~be incomplex ~~place~~and toextremely ~~provide~~risky ~~services~~due to ~~any~~general economic ~~paying~~conditions, ~~clients~~rapid ~~other~~changes ~~than~~in asthe ~~provided~~business ~~below~~environment, and shortages of available capital. As The Company’s officers ~~described~~and ~~above,~~directors tobelieve ~~date~~that wethere ~~have~~are ~~had~~numerous ~~only~~firms ~~limited~~seeking ~~operations~~the benefits of an issuer who has complied with the 1934 Act, but this is by no means certain.

~~Three~~It is ~~Tiered~~our ~~Approach~~present intent to ~~Business~~continue ~~Consulting~~to comply with all of the reporting requirements under the 1934 Act. The Company’s President and CEO has agreed to provide the necessary funds, with zero interest, for the Company to comply with the 1934 Act reporting requirements. Our sole officer and director have not, as of the date hereof, set a maximum dollar amount that he is willing to provide to the Company.

~~The~~It is ~~Company~~anticipated ~~offers~~that ~~comprehensive~~we will incur nominal expenses in the implementation of the business ~~consulting services~~plan described herein. ~~Upon~~ ~~entering~~Because ~~into~~we anhave no ~~engagement~~capital with which to pay these anticipated expenses, the Company’s ~~intends~~officers toand ~~work~~directors ~~with~~will apay ~~client~~these ~~company~~charges ~~for~~with their uppersonal funds, as loans to ~~five~~the ~~(5)~~Company ~~years~~or as capital contributions. However, if loans, the only opportunity which the sole ~~through~~officer and director have for repayment of these loans will be from a ~~3-tiered~~prospective ~~approach:~~merger or acquisition candidate.

~~During the Tier 1 stage, which we believe will~~Acquisition ~~take place during the first year~~ of any engagement, we plan to focus on short-term, profit-impacting operational improvements including cost and pricing analysis, immediate process improvement and other pressing issues affecting the client company.Opportunities

~~During~~The officers and directors of the ~~Tier~~Company 2will ~~stage,~~seek weout ~~plan~~business tocombination ~~take~~opportunities athrough ~~longer~~their personal business contacts. ~~term~~Our ~~strategic~~President ~~focus~~regularly onattends ~~top-line~~meetings, ~~revenue~~with ~~growth~~businesses ~~and~~seeking ~~internal~~to ~~policies. Tier~~expand 2and ~~will~~investors ~~likely~~and ~~occur~~related ~~during~~professionals ~~the~~(e.g. ~~second~~consultants, accountants, and ~~third~~ ~~years~~attorneys) meet in hopes of anworking ~~engagement~~together. The officers and ~~consist~~directors of ~~strategically analyzing~~ the ~~client’s~~Company ~~markets,~~will ~~competitive~~not ~~landscape~~be ~~and~~limited ~~internal~~in ~~policies~~their search to ~~determine~~these ~~opportunities~~groups ~~and~~but ~~threats~~believe ~~facing~~that ~~the~~these ~~client~~groups ~~company~~will provide a networking platform from which to seek business combination opportunities.

~~Lastly,~~In implementing ~~during~~a ~~the~~structure ~~Tier~~for 3a ~~stage~~particular business venture, we ~~plan~~may become a party to a merger, consolidation, reorganization, ~~focus~~joint onventure, ~~substantially~~or ~~growing~~licensing ~~the~~agreement ~~client~~with ~~company’s~~another corporation or entity. We may also acquire stock or assets of an existing business. On ~~through~~the ~~vertical~~consummation of an agreement, it is probable that our present officer and ~~horizontal~~director ~~integration~~and ~~opportunities,~~the asshareholders of the Company ~~well~~will no longer be in control of the Company. In addition, and especially if there is a business combination, our directors may, as ~~through~~part ~~acquisitions~~of the terms of ~~synergistic~~the ~~companies~~acquisition or merger, resign and be replaced by new directors without a vote of our shareholders or may sell their stock in the Company.

~~Operation~~It is ~~Efficiencies~~anticipated that any securities issued by our Company in any such reorganization would be issued in reliance upon an exemption from registration under applicable federal and state securities laws. It is anticipated that it will also be a method of taking a private company public known as a "back door" 1934 Act registration procedure.

~~The~~We will ~~Company~~participate ~~plans~~in toa ~~examine~~business opportunity only after the ~~client~~negotiation ~~company’s operating~~and ~~environment~~execution toof ~~determine~~appropriate ~~those~~written ~~areas~~agreements. ~~that~~Although the ~~can~~terms beof ~~improved~~such toagreements ~~reach~~cannot ~~optimal~~be ~~performance~~predicted, ~~quality~~generally ~~and~~such ~~profit.~~agreements We will ~~attempt~~require some specific representations and warranties toby ~~improve~~all of the ~~synergies~~parties ~~created~~thereto, bywill aspecify ~~business’~~certain ~~employees.~~events Weof default, will ~~also~~detail ~~attempt~~the terms of closing and the conditions which must be satisfied by each of the parties prior to ~~dispose~~and after such closing, will outline the manner of ~~poorly~~verifying ~~performing~~revenue and ~~loss-making~~bearing ~~product~~costs, ~~lines~~including ~~and/or~~costs ~~business~~associated ~~units;~~with ~~reduce~~the ~~overhead;~~Company's ~~eliminate~~attorneys ~~duplicative~~and ~~administration;~~accountants, ~~eliminate~~will ~~obsolete~~set ~~inventory;~~forth remedies on default and ~~elevate~~will include ~~accountability~~miscellaneous other terms.

~~Financial Management Services~~Material Agreements:

The Company ~~believes that financial management~~ is ~~the~~not ~~most~~currently ~~important~~subject ~~aspect of operating a small-~~to~~-medium~~ ~~sized~~any ~~business,~~customer asagreements ~~pursuant~~or ~~to our management’s experience, many small and medium-sized businesses are faced with cash management issues on a daily basis~~understandings. Making payroll, paying suppliers and purchasing new equipment all require cash expenditures that can weigh heavily on a business if its cash flow is not managed properly. Several key aspects of proper financial management include:

~~· Proper cash management for growing companies; · Activity-based cost accounting to properly match fixed overhead costs with the activities that create them;~~Funding Events:

·Expenses of ~~Performance~~the ~~assessment~~Company ~~through~~are ~~financial~~currently ~~analysis;~~being ·paid ~~Capital~~by ~~structure~~an ~~optimization;~~affiliate ~~· Lease vs. purchase decisions; and · Accurately determining the value~~ of ~~the~~our ~~business~~controlling shareholders.

~~Performance~~The Company ~~Management~~has ~~Services~~periodically received cash advances from the Company’s directors. The entire balance was settled in September 2012.

~~Performance~~On November ~~management~~2, ~~includes~~2010 ~~all~~ the ~~ways in~~Company ~~which~~entered into a ~~business~~$50,000 ~~aligns~~line ~~its~~of ~~processes~~credit ~~and~~with ~~its owners and employees toward~~ the ~~vision~~Company’s ~~and~~former ~~goals~~president, ofJames ~~the company~~Patton. WeThe ~~will~~line ~~attempt~~of tocredit ~~align~~bears ~~employees’~~interest ~~goals and objectives to those~~ of ~~the~~10% ~~client~~per ~~company. We~~annum ~~believe~~(15% ~~this~~if ~~can~~in bedefault) ~~accomplished by~~and ~~assigning~~was ~~individual~~settled ~~goals~~in ~~and~~full ~~creating~~in ~~incentive-based~~September ~~compensation plans~~2012. ~~Several~~The ~~key~~line ~~aspects~~ of ~~proper~~credit is ~~performance~~no ~~management analysis~~longer ~~include:~~available to the Company.

·On September ~~Understanding~~21, ~~the~~2012, ~~core~~James ~~competencies~~Patton, ~~and~~Nathan ~~strategies~~Pettus ofand ~~the~~James ~~business;~~Pacey ·(“Sellers”), ~~Mapping~~who ~~current~~are ~~performance~~collectively ~~against~~the ~~this~~controlling shareholders ~~key~~of ~~purpose;~~the ·Company, ~~Determining~~sold ~~cost~~4, ~~revenue~~200,000 ~~and~~shares ~~other~~of ~~drivers~~common ~~toward~~stock of the ~~key~~Company ~~purpose;~~to ·Chin ~~Designing~~Yung aKong ~~full featured goal, measurement,~~ and ~~review~~Anyuan ~~system~~Sun ~~that allows~~ (“Purchasers”) for ~~performance~~an ~~management~~aggregated ~~techniques~~price toof be$190,000. ~~implemented;~~The ·4,200,000 ~~Designing~~shares aof ~~matching~~common ~~compensation~~stock ~~system~~represented ~~that~~approximately ~~fits~~96.2% ~~both~~of the ~~company's~~total ~~cash-flow~~ issued and ~~cultural~~outstanding ~~constraints;~~stock ~~and~~of ·the ~~Rollout~~Company. As result of ~~the~~this ~~package,~~share ~~including~~purchase ~~gaining~~transaction, ~~the~~Chin ~~trust~~Yung Kong and ~~buy-in~~Anyuan atSun ~~all~~became the ~~levels~~controlling shareholders of the ~~company~~Company.

~~Need~~In conjunction with the September 21, 2012 transaction, all the liabilities of the Company prior to September 21, 2012 were settled by a Company shareholder for ~~Government~~$123,040, ~~Approval~~resulting in a gain on settlement of $17,310.

The Company does not believe that it is or will be subject to any material regulations or requirements from any existing or probable laws or government regulation as a result of its planned business operations. Additionally, the Company plans to enter into mutual non-disclosure agreements with any actual or potential clients in an effort to protect both its own and its clients’ confidential intellectual property and trade secrets. The Company has not entered into any non-disclosure agreements to date.Employees

~~Patents,~~We currently ~~Trademarks~~do ~~and~~not ~~Intellectual~~have ~~Property~~any employees.

~~The Company does not currently have any patents,~~Intellectual trademarks, licenses or other registered or documented intellectual property rights associated with its proprietary platform and applications. Moving forward, if funding permits, the Company may take action to apply for such protection; however in the meantime, the Company anticipates entering into non-disclosure agreements with each of its clients and potential clients in an effort to protect its intellectual property. The Company does not currently have any plans to secure any patent, trademark or similar rights at this time, nor has it budgeted any funds for such rights at this time.Property

~~Competition~~The Company does not have any patents, trademarks, licenses, or franchises.

~~Within the current landscape of business and~~ITEM ~~management consulting, there is a vast and diverse set of competitors and service providers~~1A. ~~These~~Risk companies range from the smallest one person firms, to large multinational companies that offer a diverse, broad, and more generic set of services. Depending on the focus and type of company, the competitive comparison to Borneo Industrial Fishery Corp Inc. varies. In the case of the smaller firm, the breadth and depth of the services provided are not, in the belief of management, comparable with those planned to be offered by the Company. With the larger firms, management believes that there is a lack of focus and interest in BOFC Partner’s target customer due to the apparent lack of resources available to fund high cost, relatively short-turnaround engagements. However, we believe that the majority of the firms which operate in the business and management consulting market, which include well-established companies and start-up companies such as ours, have substantially greater financial, managerial and other resources than those presently available to the Company, and are focusing significant resources on providing business consulting services that currently compete and will compete with the Company's services in the future. As a result, these firms may be able to spend more money on advertising and marketing, have greater brand recognition and be in a position to undercut the prices that the Company charges for its services.Factors

~~We plan to focus on small to mid-sized companies~~Not ~~and~~applicable ~~believe~~for ~~there~~Smaller ~~are~~Reporting ~~significant growth opportunities in mid-market companies whose day-to-day operations have not benefited from dedicated strategic, financial or operational support systems~~Companies. In our management’s experience, these companies share many of the same problems found in Fortune 500 corporations, but lack the human and capital resources needed to take advantage of the business-improving principles consulting can provide. Our business is targeted at these small to mid-sized companies which we believe cannot afford traditional business consulting fees.

~~The Company has developed a contingent fee based~~ITEM billing methodology for business consulting which we call The CXBL Advantage (the Company has not obtained any trademarks for The CXBL Advantage due to cost constraints, however, the Company may take action in the future, funding permitting to obtain a trademark for such term)1B. ~~The~~ ~~“CXBL~~Unresolved ~~Advantage”~~Staff is the Company’s idea of only charging potential clients a success based fee instead of hourly billing rates. By only charging a fee if our efforts successfully increase the client’s revenues, marketing and/or reduce their expenses, we believe that we will be able to share in the success of our potential clients over the long-term and that our services will be more affordable and attractive to our potential clients (as they will only pay us if they see a benefit from such services) than other traditionally priced consulting services. The Company’s idea of a success based/contingent fee arrangement has not been proven to be successful in the business consulting market and as a result, we may be unable to compete with traditional consulting firms which bill on an hourly basis or for project based fees, or such fee structures may be more attractive to our potential clients.Comments

~~Although we believe that there is a need for~~Not a “niche” business, such as ours that can provide logistical expertise at a reduced cost to smaller businesses who are overlooked by larger consulting firms and that there will be a market for a success based fee approach to providing consulting services such as ours, the Company may not be able to effectively compete with other consulting firms or compete with competitive pressures, including possible downward pressure on the prices we charge for our products and servicesapplicable. In the event that the Company cannot effectively compete on a continuing basis or competitive pressures arise, such inability to compete or competitive pressures will have a material adverse effect on the Company’s business, results of operations and financial condition.

~~Sales~~ITEM 2. ~~& Marketing~~Properties

~~The overall positioning and branding strategy~~We ~~for~~currently ~~Borneo~~use ~~Industrial~~a ~~Fishery~~free ~~Corp~~office ~~Inc.~~space ~~will~~provided beby ~~to establish us and~~ our ~~consultants~~director asChin ~~partners~~Yung ~~with~~Kong ~~our~~at ~~clients and to add real, quantifiable value to these clients before we see any financial gain. Secondarily, we plan to build our brand around the idea of providing world~~136-~~class~~40 ~~consulting~~39th Avenue ~~capabilities to those companies that traditionally cannot afford these services. We hope that our success~~Garden ~~fee-based model will not only aligns us to our client’s goals~~Plaza, ~~but~~Suite ~~also will entice target customers who are reluctant to pay the high hourly rates charged by our competitors. Finally~~6B, ~~we plan to make sure our services~~Flushing, orNY ~~more specifically, the ideas behind our services, are simple and easy to understand.~~ 11354

~~Promotion~~ITEM 3. ~~Strategy~~Legal Proceedings

~~Early~~From time ~~on,~~to ~~in the growth stage of the Company~~time, ~~the~~ ~~most~~we ~~important~~may ~~promotional~~become ~~avenue~~party ~~will~~to belitigation ~~customer~~or ~~referrals~~other ~~and~~legal ~~word~~proceedings ofthat ~~mouth. Because~~ we ~~want~~consider to be ~~seen and known as~~ a ~~“local” firm,~~part itof ~~is important~~ the ~~local~~ordinary ~~business owners provide very positive accounts~~ course of our ~~engagements~~business. ~~Initially~~ ~~our~~We ~~advertising and~~are ~~marketing~~not ~~campaign~~currently ~~will~~involved ~~consist~~in oflegal ~~door-to-door~~proceedings ~~solicitations and phone calls to various targeted business owners around the Austin-San Antonio area. We believe~~ that ~~some~~could ofreasonably ~~these~~be ~~calls~~expected ~~will lead~~ to ~~face-to-face~~have ~~meetings~~a ~~with~~material ~~the owners and managers of~~adverse ~~these~~effect ~~businesses~~on ~~where~~our webusiness, ~~can~~prospects, ~~either~~financial ~~engage~~condition aor ~~new~~results ~~client~~of oroperations. ~~gain~~We ~~referrals~~may tobecome ~~other~~involved ~~potential~~in ~~clients~~material ~~identified~~legal byproceedings in ~~these~~the ~~businesses~~future.

~~Material~~ITEM 4. ~~Agreements:~~Mine Safety Disclosures

~~The Company is not currently subject to any~~Not ~~customer agreements or understandings~~applicable.

~~Funding Events:~~PART II

~~Expenses~~ITEM 5. ofMarket ~~the~~for ~~Company~~Registrant’s ~~are~~Common ~~currently~~Equity, ~~being paid~~Related byStockholder anMatters ~~affiliate~~and ofIssuer ~~our~~Purchases ~~controlling~~of ~~shareholders.~~Equity Securities

~~The~~In November ~~Company~~2011, ~~has~~we ~~periodically~~obtained ~~received~~quotation ~~cash advances~~for ~~from~~our common stock on the ~~Company’s~~Over-The-Counter ~~directors~~Bulletin Board (“OTCBB”) under the symbol “DIMU.OB”; ~~The~~however, ~~entire~~no ~~balance~~shares ~~was~~of ~~settled~~our incommon ~~September~~stock have traded to date and there is currently no public market for our common stock. Effective on November 29, 2012, our common stock started to be quoted on OTCBB, and the updated stock symbol was BOFC.

OnThe Company's ~~November~~common 2,stock ~~2010~~is considered a "penny stock" as defined in the ~~Company~~Commission's ~~entered~~rules promulgated under the Exchange ~~into~~Act a(the “Rules”). The Commission's rules regarding penny stocks impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally persons with net worth in excess of $501,000,000, ~~line~~exclusive of ~~credit~~residence, or an annual income exceeding $200,000 or $300,000 jointly with their spouse). For transactions covered by the ~~Company’~~rules, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's ~~former~~written ~~president,~~agreement ~~James~~to ~~Patton~~the transaction prior to the sale. ~~The~~ ~~line~~Thus the Rules affect the ability of ~~credit~~broker-dealers ~~bears~~to ~~interest~~sell the Company's shares should they wish to do so because of the adverse effect that the Rules have upon liquidity of ~~10%~~penny ~~per~~stocks. ~~annum~~Unless the transaction is exempt under the Rules, under the Securities Enforcement Remedies and Penny Stock Reform Act of 1990, broker-dealers effecting customer transactions in penny stocks are required to provide their customers with (~~15%~~i) a risk disclosure document; (ii) disclosure of current bid and ask quotations if inany; ~~default~~(iii) disclosure of the compensation of the broker-dealer and ~~was~~its ~~settled~~sales personnel in ~~full~~the transaction; and (iv) monthly account statements showing the market value of each penny stock held in ~~September~~the ~~2012~~customer's account. ~~The~~As ~~line~~a result of ~~credit~~the ispenny nostock ~~longer~~rules, ~~available~~the tomarket liquidity for the Company's securities may be severely adversely affected by limiting the ability of broker-dealers to sell the Company's securities and the ability of purchasers of the securities to resell them.

OnWe have ~~September~~authorized ~~21,~~capital ~~2012,~~stock ~~James~~consisting ~~Patton~~of 100,000,000 ~~Nathan Pettus~~shares ~~and~~of ~~James~~common ~~Pacey (“Sellers”)~~stock, ~~who~~$0.001 ~~are~~par ~~collectively~~value ~~the~~per ~~controlling~~share ~~shareholders~~and ~~of the Company~~10, ~~sold 4~~000,~~200,~~000 ~~shares~~ shares of ~~common~~preferred stock, of$0.001 ~~the~~par ~~Company~~value toper ~~Chin~~share ~~Yung Kong and Anyuan Sun~~ (“~~Purchasers~~Preferred Stock”). To ~~for~~date, anthere ~~aggregated~~were ~~price of $190,000.The~~ 4,~~200~~366,~~000~~649 shares of common stock ~~represented approximately 96.2% of the total~~ issued and outstanding ~~stock of the Company~~. ~~As result of this share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company.~~

~~In conjunction with the September 21, 2012~~Common ~~transaction, all the liabilities of the Company prior to September 21, 2012 were settled by a Company shareholder for $123,040, resulting in a gain on settlement of $17,310.~~Stock

~~Employees~~The holders of outstanding shares of common stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of our company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors. Each outstanding share of common stock is, and all shares of common stock to be outstanding upon completion of this Offering will upon payment therefore be, duly and validly issued, fully paid and non-assessable.

~~We currently do not have any employee.~~Preferred Stock

~~Intellectual~~Shares of ~~Property~~Preferred Stock may be issued from time to time in one or more series, each of which shall have such distinctive designation or title as shall be determined by our Board of Directors (“Board of Directors”) prior to the issuance of any shares thereof. Preferred Stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated in such resolution or resolutions providing for the issue of such class or series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof. The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of our capital stock entitled to vote generally in the election of the directors, voting together as a single class, without a separate vote of the holders of the Preferred Stock, or any series thereof, unless a vote of any such holders is required pursuant to the terms of any series of Preferred Stock.

~~The Company does not have~~Options, ~~any~~Warrants ~~patents,~~and ~~trademarks,~~Convertible ~~licenses, or franchises.~~ Securities

~~ITEM~~We have 1Ano options, warrants or other convertible securities outstanding. ~~Risk~~We ~~Factors~~have no equity compensation plans either approved by security holders or not approved by security holders.

~~Not applicable for Smaller Reporting Companies.~~Dividends

~~ITEM~~We have 1Bnot paid any dividends on our common stock to date and do not anticipate that we will be paying dividends in the foreseeable future. ~~Unresolved~~Any ~~Staff~~payment ~~Comments~~of cash dividends on our common stock in the future will be dependent upon the amount of funds legally available, our earnings, if any, our financial condition, our anticipated capital requirements and other factors that our Board of Directors may think are relevant. However, we currently intend for the foreseeable future to follow a policy of retaining all of our earnings, if any, to finance the development and expansion of our business and, therefore, do not expect to pay any dividends on our common stock in the foreseeable future. Additionally, the terms of our preferred stock impose restrictions on our ability to pay dividends.

~~Not~~Recent Sales ~~applicable.~~of Unregistered Securities

~~ITEM 2~~None. ~~Properties~~

~~We currently use a free office space provided~~Item by6. ~~our~~Selected ~~director~~Financial ~~Chin Yung Kong at 136-40 39th Avenue Garden Plaza, Suite 6B, Flushing, NY 11354.~~Data

~~ITEM~~Not required 3.pursuant ~~Legal~~to ~~Proceedings~~Item 301 of Regulation S-K.

~~From time to time, we may become party to litigation~~Item or7. ~~other~~Management’s ~~legal~~Discussion ~~proceedings~~and ~~that~~Analysis ~~we consider to be a part~~ of ~~the~~Financial ~~ordinary~~Condition ~~course~~and ofResults ~~our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results~~ of ~~operations. We may become involved in material legal proceedings in the future.~~Operations

~~ITEM~~We caution 4.you ~~Mine~~that ~~Safety~~this ~~Disclosures~~report contains forward-looking statements regarding, among other things, financial, business, and operational matters.

~~Not~~All statements ~~applicable~~that are included in this Quarterly Report, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using words such as “may,” “can,” “could,” “should,” “predict,” “aim’” “potential,” “continue,” “opportunity,” “intend,” “goal,” “estimate,” “expect,” “expectations,” “project,” “projections,” “plans,” “anticipates,” “believe,” “think,” “confident” “scheduled” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law. As used herein, the “Company,” “we,” “us,” “our” and words of similar meaning refer to Borneo Industrial Fishery Corp Inc.

~~PART II~~Overview

~~ITEM~~Borneo Industrial 5.Fishery ~~Market~~Corp ~~for~~Inc ~~Registrant’s~~was ~~Common~~incorporated ~~Equity~~in the state of Nevada on April 18, ~~Related~~2008, under ~~Stockholder~~the ~~Matters~~name China Xibolun Technology Holdings Corporation and ~~Issuer~~Dimus ~~Purchases~~Partners, ofInc. ~~Equity~~We ~~Securities~~have not generated any revenues to date. To date we have had only limited operations.

InOn September ~~November~~21, ~~2011~~2012, weJames ~~obtained quotation~~Patton, ~~for~~Nathan ~~our~~Pettus ~~common~~and ~~stock~~James onPacey ~~the Over-The-Counter Bulletin Board~~ (“~~OTCBB~~Sellers”), ~~under~~who are collectively the ~~symbol~~controlling shareholders of Dimus Partners, Inc (“~~DIMU.OB~~Company”~~; however~~), nosold 4,200,000 shares of ~~our~~ common stock ~~have~~of ~~traded~~the Company to ~~date~~Chin Yung Kong and ~~there~~Anyuan isSun ~~currently~~(“Purchasers”) nofor ~~public~~an ~~market~~aggregated ~~for~~price ~~our~~of $190,000.00. The sold 4,200,000 shares of common stock represented approximately 96.2% ~~Effective on~~of ~~November~~the ~~29,~~total ~~2012,~~issued ~~our~~and ~~common~~outstanding stock ~~started~~of tothe beCompany. As ~~quoted~~result onof ~~OTCBB~~this ~~under~~share purchase transaction, Chin Yung Kong and Anyuan Sun became the ~~new~~controlling ~~stock~~shareholders ~~symbol~~of ~~CXBL~~the Company. OnThe ~~July~~liabilities ~~30,~~of ~~2015~~$177,350 of ~~our~~the ~~common~~Company ~~stock~~prior ~~started~~ to beSeptember ~~quoted~~21, on2012 ~~OTCBB~~have ~~under~~been settled by the ~~new~~Company ~~symbol~~resulting ~~BOFC~~in a $17,310 gain.

~~The Company's common stock is considered a "penny~~On ~~stock"~~October as defined in the Commission's rules promulgated under the Exchange Act (the “Rules”). The Commission's rules regarding penny stocks impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally persons with net worth in excess of $111,~~000,000,~~ ~~exclusive of residence~~2012, orwe anchanged ~~annual~~our ~~income~~name exceeding $200,000 or $300,000 jointly with their spouse). For transactions covered by the rules, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written agreement to ~~the~~China ~~transaction~~Xibolun ~~prior~~Technology toHoldings ~~the sale~~Corporation. Thus the Rules affect the ability of broker-dealers to sell the Company's shares should they wish to do so because of the adverse effect that the Rules have upon liquidity of penny stocks. Unless the transaction is exempt under the Rules, under the Securities Enforcement Remedies and Penny Stock Reform Act of 1990, broker-dealers effecting customer transactions in penny stocks are required to provide their customers with (i) a risk disclosure document; (ii) disclosure of current bid and ask quotations if any; (iii) disclosure of the compensation of the broker-dealer and its sales personnel in the transaction; and (iv) monthly account statements showing the market value of each penny stock held in the customer's account. As a result of the penny stock rules, the market liquidity for the Company's securities may be severely adversely affected by limiting the ability of broker-dealers to sell the Company's securities and the ability of purchasers of the securities to resell them.

~~We have authorized capital stock consisting~~Anyuan ~~of 100~~Sun,~~000,000~~ ~~shares~~our offormer ~~common stock~~director, ~~$0.001~~resigned ~~par~~from ~~value~~his ~~per~~position ~~share~~on ~~and~~July 1022,~~000,000~~ ~~shares of preferred stock~~2014, ~~$0.001~~due ~~par~~to ~~value~~personal ~~per share (“Preferred Stock”)~~reasons. As On of July 3122, ~~2015~~2014, ~~there~~Anyuan Sun ~~were~~transferred 41,~~366~~680,~~649~~000 shares of common stock ~~issued~~to ~~and~~Chin ~~outstanding, held~~Yung ~~by 39 shareholders of record~~Kong.

~~Common~~On July ~~Stock~~28, 2015, we changed our name to Borneo Industrial Fishery Corp Inc.

~~The holders of outstanding shares of common~~Results ~~stock are entitled to receive dividends out~~ of ~~assets~~Operations orFor funds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The ~~common~~Year ~~stock~~Ended isApril ~~not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation~~30, ~~dissolution~~2016 orCompared ~~winding~~To upThe ofYear ~~our~~Ended ~~company,~~April ~~the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences~~30, if any, on any outstanding payment of other claims of creditors. Each outstanding share of common stock is, and all shares of common stock to be outstanding upon completion of this Offering will upon payment therefore be, duly and validly issued, fully paid and non-assessable.2015

~~Preferred~~The Company ~~Stock~~did not generate any revenues for the year ended April 30, 2016 or 2015, and has not generated any revenues to date.

~~Shares of Preferred Stock~~We ~~may~~had begeneral ~~issued~~and ~~from~~administrative ~~time~~expenses toof ~~time in one or more series~~$11,388 ~~each~~for ~~of which shall have such distinctive designation or title as shall be determined by our Board of Directors (“Board of Directors”) prior to~~ the ~~issuance~~year ofended ~~any~~April ~~shares thereof. Preferred Stock shall have such voting powers~~30, ~~full or limited~~2016, orcompared noto ~~voting~~general ~~powers,~~ and ~~such~~administrative ~~preferences~~expenses of ~~and relative~~$15,317 ~~participating,~~for ~~optional or~~the ~~other~~year ~~special~~ended ~~rights~~April ~~and~~30, ~~such qualifications~~2015, ~~limitations~~a ordecrease ~~restrictions~~of ~~thereof~~$3,929 ~~as shall be stated~~ in ~~such~~operating ~~resolution~~expenses ~~or resolutions providing for the issue of such class or series of Preferred Stock as may be adopted~~ from ~~time to time by~~ the ~~Board of Directors~~ prior ~~to the issuance of any shares thereof~~year. The ~~number~~decrease of ~~authorized shares of Preferred Stock may be~~ ~~increased~~expense orwas ~~decreased~~mainly ~~(but~~because ~~not below~~ the ~~number~~audit offee shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of our capital stock entitled to vote generally in the election of the directors, voting together as a single class, without a separate vote of the holders of the Preferred Stock, or any series thereof, unless a vote of any such holders is required pursuant to the terms of any series of Preferred Stockdecreased.

~~Options,~~LIQUIDITY AND ~~Warrants~~CAPITAL ~~and Convertible Securities~~RESOURCES

We had ~~have~~total noassets ~~options,~~of ~~warrants~~$0 oras ~~other~~of ~~convertible securities~~April ~~outstanding~~30, 2016. We ~~have~~had noliabilities ~~equity~~of ~~compensation~~$77,373 ~~plans~~as ~~either~~of ~~approved~~April by30, ~~security holders or not approved by security holders~~2016.

~~Dividends~~We had $9,129 of net cash used in operating activities for the year ended April 30, 2016, which resulted from the net loss and partly offset by the increase in accounts payable and accrued expenses.

We ~~have not paid any dividends on our common~~ ~~stock~~had to$16,384 ~~date and do not anticipate that we will be paying dividends in the foreseeable future. Any payment~~ of net cash ~~dividends~~used ~~on our common stock~~ in ~~the~~operating ~~future~~activities ~~will~~for ~~be dependent upon~~ the ~~amount~~year ofended ~~funds~~April ~~legally available~~30, ~~our earnings~~2015, ifwhich ~~any,~~resulted ~~our~~from ~~financial condition,~~the ~~our~~net ~~anticipated~~loss ~~capital requirements~~ and ~~other factors that our Board of Directors may think are relevant. However,~~decrease wein ~~currently~~accounts ~~intend~~payable ~~for the foreseeable future to follow a policy of retaining all of our earnings, if any, to finance the development~~ and ~~expansion~~accrued ~~of our business and, therefore, do not expect to pay any dividends on our common stock in the foreseeable future~~expenses. ~~Additionally, the terms of our preferred stock impose restrictions on our ability to pay dividends.~~

~~Recent~~We had ~~Sales~~$9,129 of ~~Unregistered~~net ~~Securities~~cash provided by financing activities for the year ended April 30, 2016, which was due to advances from Mr. Chin for expenses.

~~None~~We had $16,384 of net cash provided by financing activities for the year ended April 30, 2015, which was due to advance from Mr. Chin for expenses.

~~Item~~Expenses of 6the Company are currently being paid by our controlling shareholders. ~~Selected~~The ~~Financial~~Company ~~Data~~is dependent on such arrangements or additional outside financing, if even available to the Company, in order to meet its financial obligations and continue its operations.

~~Not~~There are ~~required~~no ~~pursuant~~assurances that the Company will be able to ~~Item~~either ~~301~~(1) achieve a level of ~~Regulation~~revenues adequate to generate sufficient cash ~~S-K~~flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient to support the Company’s working capital requirements, the Company will have to raise additional working capital from additional financing. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not be able continue its operations.

~~Item~~These conditions 7.caused ~~Management~~our auditors to have substantial doubt about the Company’s ~~Discussion~~ability to continue as a going concern and issue ~~Analysis~~an audit report on our year-end financial statements with an additional paragraph emphasizing the going concern issue. The financial statements do not include any adjustments relating to the recoverability and classification of ~~Financial~~asset ~~Condition~~carrying amounts or the amount and ~~Results~~classification of ~~Operations~~liabilities that might be necessary should the Company be unable to continue as a going concern.

~~We caution you that this report contains~~Critical ~~forward-looking~~Accounting ~~statements regarding, among other things, financial, business, and operational matters.~~Policies:

~~All statements~~Use ~~that are included in this Quarterly Report, other than statements~~ of ~~historical fact, are forward-looking~~ statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using words such as “may,” “can,” “could,” “should,” “predict,” “aim’” “potential,” “continue,” “opportunity,” “intend,” “goal,” “estimate,” “expect,” “expectations,” “project,” “projections,” “plans,” “anticipates,” “believe,” “think,” “confident” “scheduled” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law. As used herein, the “Company,” “we,” “us,” “our” and words of similar meaning refer to Borneo Industrial Fishery Corp Inc. (formerly “China Xibolun Technology Holdings Corporation”).Estimates

~~Overview~~The preparation of financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Estimates are based on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for judgments about results and the carrying values of assets and liabilities. Actual results and values may differ significantly from these estimates.

~~Borneo~~Income Industrial Fishery Corp Inc. (formerly “China Xibolun Technology Holdings Corporation,” formerly Dimus Partners, Inc.) was incorporated in the state of Nevada on April 18, 2008, under the name Dimus Partners, Inc. We have not generated any revenues to date. To date we have had only limited operations.Taxes

OnThe Company ~~September~~has ~~21,~~adopted ~~2012,~~Financial ~~James~~Accounting ~~Patton,~~Standards ~~Nathan Pettus~~Board ~~and James Pacey~~ (“~~Sellers~~FASB”), ~~who~~Accounting ~~are~~Standards ~~collectively~~Codification ~~the controlling shareholders of Dimus Partners, Inc~~ (“~~Company~~ASC”), ~~sold 4~~740,~~200,000~~ ~~shares~~“Income ofTaxes”. ~~common~~This ~~stock~~standard ofrequires the ~~Company~~use toof ~~Chin~~an ~~Yung~~asset ~~Kong~~ and ~~Anyuan~~liability ~~Sun~~approach ~~(“Purchasers”)~~ for anfinancial ~~aggregated price of $ 190~~accounting,~~000.00.The~~ ~~4,200,000 shares of common stock represented approximately 96.2% of the total issued~~ and ~~outstanding~~ ~~stock~~reporting ofon ~~the~~income ~~Company~~taxes. As ~~result~~If ofit ~~this~~is ~~share~~more ~~purchase~~likely ~~transaction,~~than ~~Chin~~not ~~Yung~~that ~~Kong~~some ~~and~~portion ~~Anyuan~~or ~~Sun~~all ~~became the controlling shareholders~~ of ~~the~~a ~~Company.~~deferred ~~The~~tax ~~liabilities~~asset ofwill ~~$187,350~~not ofbe ~~the Company prior to September 21~~realized, ~~2012 have been settled by the Company~~ ~~resulting~~a invaluation aallowance ~~$17,310~~is ~~gain~~recognized.

OnThe asset ~~October~~and ~~11,~~liability ~~2012,~~approach weis ~~changed~~used ~~our~~to ~~name~~account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company records a valuation allowance to ~~China~~reduce ~~Xibolun~~any ~~Technology~~deferred ~~Holdings~~tax ~~Corporation~~assets to the amount that is more likely than not to be realized.

~~On July 30,~~Recent ~~2015,~~Accounting ~~we changed our name to Borneo Industrial Fishery Corp Inc.~~Pronouncements

~~Results~~In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of ~~Operations~~Certain ~~For~~Financial ~~The~~Reporting ~~Year~~Requirements, ~~Ended~~Including an ~~April~~Amendment 30to Variable Interest Entities Guidance in Topic 810, ~~2015~~Consolidation.” ~~Compared~~This ToASU removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the ASU eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of operations, cash flows, and shareholders’ deficit, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Early adoption is permitted. The ~~Year~~Company ~~Ended~~has ~~April~~elected 30to adopt this ASU and, ~~2014~~accordingly, no inception to date financial information is disclosed and the accompanying financial statements are not labeled as those of a development stage entity.

The Company has ~~did~~implemented ~~not~~all ~~generate~~new ~~any~~accounting ~~revenues for~~standards ~~the~~that ~~year~~are ~~ended~~in ~~April~~effect ~~30,~~and ~~2015~~may orimpact ~~2014,~~its financial statements and ~~has~~does not ~~generated~~believe that there are any ~~revenues~~other tonew ~~date~~accounting standards that have been issued that might have a material impact on its financial position or results of operations.

~~We had general and administrative expenses~~Item of7A. ~~$15,317~~Quantitative ~~for the year ended April 30, 2015, compared to general~~ and ~~administrative~~Qualitative ~~expenses~~Disclosures ofAbout ~~$29,685~~Market ~~for the year ended April 30, 2014, a decrease of $14,368 in operating expenses from the prior year. The decrease of expense was mainly because of the legal expenses decreased.~~Risk

~~LIQUIDITY~~Pursuant to ~~AND~~Item ~~CAPITAL~~305(e) ~~RESOURCES~~of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).

~~We had total assets of $0 as of April 30,~~Item ~~2015~~8. WeFinancial ~~had~~Statements ~~liabilities~~and ofSupplementary ~~$65,985 as of April 30, 2015.~~Data

WePlease ~~had $16,384 of net cash used in operating~~see ~~activities for~~ the ~~year~~financial ~~ended~~statements ~~April~~and ~~30,~~footnotes ~~2015,~~annexed ~~which~~to ~~resulted from~~ the ~~net~~end ~~loss~~of ~~and~~this ~~decrease~~Form ~~in accounts payable and accrued expenses~~10-K.

~~We had $16,384 of net cash provided by~~Item ~~financing~~9. ~~activities~~Changes ~~for~~in ~~the~~and ~~year~~Disagreements ~~ended~~With ~~April~~Accountants ~~30,~~on ~~2015,~~Accounting ~~which~~and ~~was~~Financial ~~due to advance from Mr. Chin for expenses.~~Disclosure

~~Expenses of the Company are currently being~~(a) ~~paid~~On byMay ~~our~~21, ~~controlling~~2013, ~~shareholders.~~LBB ~~The~~& ~~Company~~Associates ~~is dependent on such arrangements or additional outside financing~~Ltd., ifLLP ~~even available to~~ (the ~~Company,~~“LBB”) inresigned ~~order~~as tothe ~~meet~~independent ~~its~~registered ~~financial~~public ~~obligations~~accounting firm ~~and~~for ~~continue~~the ~~its operations~~Company.

~~There~~None of ~~are~~the noreports ~~assurances~~of ~~that~~LBB, on the Company ~~will~~'s befinancial ~~able~~statements tofor either ~~(1) achieve a level~~ of ~~revenues~~the ~~adequate~~past totwo ~~generate~~years ~~sufficient~~or ~~cash~~subsequent ~~flow~~interim ~~from~~period ~~operations; or (2) obtain~~contained ~~additional~~an ~~financing~~adverse ~~through~~opinion ~~either~~or ~~private~~disclaimer ~~placement~~of opinion, ~~public~~or ~~offerings~~was ~~and/~~qualified or ~~bank~~modified ~~financing~~as ~~necessary~~ to ~~support~~audit ~~the~~scope ~~Company’s working~~or ~~capital~~accounting ~~requirements.~~principles, Toexcept for the ~~extent~~explanatory ~~that~~paragraph ~~funds~~included ~~generated~~in ~~from~~each ~~any~~of ~~private~~our ~~placements,~~reports ~~public~~referencing ~~offerings~~significant ~~and/or~~doubt ~~bank~~about ~~financing are insufficient to support~~ the ~~Company~~entity’s ~~working~~ability ~~capital requirements, the Company will have~~ to ~~raise additional working~~continue ~~capital~~as ~~from~~a ~~additional~~going ~~financing~~concern. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not be able continue its operations.

~~These conditions caused our auditors to~~There ~~have~~were ~~substantial~~no ~~doubt~~disagreements ~~about~~between the Company’s ~~ability~~and toLBB, ~~continue~~for asthe atwo ~~going~~most ~~concern~~recent ~~and~~fiscal ~~issue~~years anand ~~audit~~any ~~report~~subsequent oninterim ~~our~~period ~~year-end~~through ~~financial~~May ~~statements~~21, ~~with~~2013 an(date ~~additional~~of ~~paragraph~~LBB’s ~~emphasizing~~resignation) ~~the~~on ~~going~~any ~~concern~~matter ~~issue.~~of ~~The~~accounting ~~financial~~principles ~~statements~~or dopractices, ~~not~~financial ~~include~~statement disclosure, ~~any~~or ~~adjustments~~auditing ~~relating~~scope toor ~~the~~procedure, ~~recoverability~~which, ~~and~~if ~~classification~~not ofresolved ~~asset~~to ~~carrying amounts or~~ the ~~amount~~satisfaction ~~and~~of ~~classification~~LBB, ~~of liabilities~~would ~~that~~have ~~might~~caused bethem ~~necessary~~to ~~should~~make reference to the ~~Company~~subject bematter ~~unable~~of tothe ~~continue~~disagreement asin aconnection ~~going~~with ~~concern~~its report.

~~Critical~~(b) On ~~Accounting~~June ~~Policies:~~4, 2013, the Company engaged Friedman LLP as its new principal accountant to audit the Company's financial statements. During the years ended April 30, 2012 and 2013 and through June 4, 2013, neither the Company nor anyone on its behalf consulted Friedman LLP regarding (i) the application of accounting principles to a specific completed or contemplated transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter regarding the Company that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

~~Use~~(c) On May 20, 2015, the Company engaged McCormack, Su & Company Inc. CPAs as its new principal accountant to audit the Company's financial statements. During the years ended April 30, 2014 and 2015 and through May 20, 2015, neither the Company nor anyone on its behalf consulted McCormack, Su & Company regarding (i) the application of ~~Estimates~~accounting principles to a specific completed or contemplated transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter regarding the Company that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

~~The preparation of financial~~During ~~statements requires~~ the ~~Company~~period tofrom ~~make~~November ~~estimates~~1, ~~and~~2014 ~~assumptions~~through ~~that~~May ~~affect~~21, ~~the~~2015 ~~reported~~(date ~~amounts~~ of ~~assets~~dismissal), ~~liabilities,~~(a) ~~revenue and~~there ~~expenses,~~were ~~and~~no ~~related~~disagreements ~~disclosure~~with Friedman on any matter of ~~contingent~~accounting ~~assets~~principles ~~and~~or ~~liabilities.~~practices, ~~Estimates~~financial ~~are~~statement ~~based~~disclosure, onor ~~historical~~auditing ~~experience~~scope ~~and~~or onprocedure, which disagreements, ~~various~~if ~~other~~not ~~assumptions~~resolved ~~that~~to the ~~Company~~satisfaction ~~believes~~of toFriedman, bewould ~~reasonable~~have ~~under~~caused ~~the~~it ~~circumstances,~~to ~~the~~make ~~results~~reference ofthereto ~~which~~in ~~form~~its reports on the ~~basis~~financial statements for ~~judgments~~such ~~about~~years ~~results~~ and ~~the~~(b) ~~carrying~~there ~~values~~were ofno ~~assets~~“reportable ~~and~~events” ~~liabilities.~~as ~~Actual~~described ~~results~~in ~~and~~Item ~~values~~304(a)(1)(v) ~~may~~of ~~differ significantly~~Regulation ~~from these estimates~~S-K.

~~Income~~(d) ~~Taxes~~On March 11, 2016, concurrent with the dismissal of McCormack, Su & Co., the Company, upon the board of directors’ approval, engaged Anton & Chia LLP. (“Anton & Chia”) as its new independent registered public accounting firm to audit and review the Company’s financial statements effective immediately. During the two most recent years ended April 30, 2014 and 2015, and any subsequent period through the date hereof prior to the engagement of Anton & Chia, neither the Company, nor someone on its behalf, has consulted Anton & Chia. regarding: (i) Either; the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s financial statements, and either a written report was provided to the Company or oral advice was provided that the new accountant concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii)Any matter that was either the subject of a disagreement as defined in paragraph 304(a)(1)(iv) of Regulation S-K or a reportable event as described in paragraph 304(a)(1)(v) of Regulation S-K.

~~The~~(e) ~~Company~~On ~~has~~April ~~adopted~~5, ~~Financial~~2017, ~~Accounting~~concurrent with the ~~Standards~~dismissal ~~Board~~of Anton & Chia LLP, the Company, upon the board of directors’ approval, engaged BF Borgers CPA PC. (“~~FASB~~Borgers”) as ~~Accounting~~its ~~Standards~~new ~~Codification~~independent registered public accounting firm to audit and review the Company’s financial statements effective immediately. During the two most recent years ended April 30, 2015 and 2016, and any subsequent period through the date hereof prior to the engagement of Borgers, neither the Company, nor someone on its behalf, has consulted Borgers regarding: (~~“ASC”~~i) ~~740~~Either; the application of accounting principles to a specified transaction, ~~“Income~~either ~~Taxes”.~~completed ~~This standard~~or ~~requires~~proposed; or the ~~use~~type of anaudit ~~asset~~opinion that ~~and~~might ~~liability~~be ~~approach~~rendered ~~for~~on the Company’s financial ~~accounting~~statements, and ~~reporting~~either ona ~~income~~written ~~taxes.~~report Ifwas itprovided isto the Company or ~~more~~oral ~~likely~~advice ~~than~~was ~~not~~provided that ~~some~~the ~~portion~~new accountant concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or ~~all~~financial reporting issue; or (ii)Any matter that was either the subject of a ~~deferred~~disagreement ~~tax~~as defined ~~asset~~in ~~will~~paragraph ~~not~~304(a)(1)(iv) beof ~~realized,~~Regulation S-K or a ~~valuation~~reportable ~~allowance~~event isas ~~recognized~~described in paragraph 304(a)(1)(v) of Regulation S-K.

~~The asset and liability approach is used~~Item to9A. ~~account~~Controls ~~for income taxes by recognizing deferred tax assets~~ and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company records a valuation allowance to reduce any deferred tax assets to the amount that is more likely than not to be realized.Procedures

~~Recent~~Evaluation of ~~Accounting~~disclosure ~~Pronouncements~~controls and procedures. Our Chief Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”) Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Annual Report on Form 10-K (the "Evaluation Date"), has concluded that as of the Evaluation Date, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. This conclusion was based on the existence of the material weaknesses in our internal control over financial reporting previously disclosed and discussed below.

~~In June 2014, the Financial Accounting Standards Board (“FASB”)~~A ~~issued~~material ~~Accounting~~weakness ~~Standards~~is ~~Update~~a ~~(“ASU”) No. 2014-10~~deficiency, ~~“Development~~or ~~Stage~~a ~~Entities~~combination ~~(Topic 915): Elimination~~ of ~~Certain Financial Reporting Requirements~~deficiencies, ~~Including an Amendment to Variable Interest Entities Guidance~~ in internal ~~Topic~~control ~~810,~~over ~~Consolidation.” This ASU removes the definition of a development stage entity from the ASC, thereby removing the~~ financial reporting ~~distinction between development stage entities and other reporting entities from GAAP. In addition~~, ~~the~~such ~~ASU eliminates the requirements for~~that ~~development~~there ~~stage~~is ~~entities~~a toreasonable ~~(1)~~possibility ~~present~~that ~~inception-to-date~~a ~~information~~material inmisstatement ~~the statements~~ of ~~operations,~~the ~~cash flows, and shareholders~~Company’ ~~deficit,~~s ~~(2)~~annual ~~label~~or ~~the~~interim financial statements aswill not ~~those~~be ofprevented aor ~~development~~detected ~~stage~~on ~~entity, (3) disclose~~ a ~~description~~timely ofbasis. ~~the~~We ~~development stage~~identified ~~activities in which the entity is engaged,~~ and ~~(4)~~continue ~~disclose~~to inhave the ~~first~~following ~~year~~material inweakness ~~which the entity is no longer a development stage entity that~~ in ~~prior~~our ~~years it had been in the development stage. Early adoption is permitted. The Company has elected to~~internal ~~adopt~~controls ~~this~~over ~~ASU and, accordingly, no inception to date~~ financial ~~information is disclosed and the accompanying financial statements are not labeled as those of a development stage entity.~~reporting:

~~The~~We currently ~~Company~~do ~~has~~not ~~implemented~~have ~~all~~an ~~new~~internal ~~accounting standards~~audit ~~that~~group, ~~are~~and inwe ~~effect~~will ~~and~~need ~~may~~to ~~impact~~hire ~~its~~additional accounting and financial ~~statements~~staff with appropriate public company experience and ~~does~~technical ~~not~~accounting ~~believe~~knowledge. Additionally, due to the fact that ~~there~~we ~~are~~only ~~any~~have ~~other~~one ~~new~~officer ~~accounting~~and ~~standards~~two ~~that~~directors, ~~have~~it ~~been~~may ~~issued~~impair ~~that~~our ~~might~~ability ~~have~~to amaintain effective internal controls over financial reporting and disclosure controls and procedures, which may result in material ~~impact~~misstatements onto ~~its~~our financial ~~position~~statements orand ~~results~~an ofinability ~~operations~~to provide accurate and timely financial information to our stockholders.

~~Item~~To address ~~7A.~~the ~~Quantitative~~need for more effective internal controls, management has plans to improve the existing controls and ~~Qualitative~~implement ~~Disclosures~~new controls ~~About~~as ~~Market~~our ~~Risk~~financial position and capital availability improves.

~~Pursuant to Item 305(e)~~Management’s ofAnnual ~~Regulation~~Report ~~S-K~~on (§Internal ~~229.305(e)),~~Control ~~the~~over ~~Company~~Financial ~~is not required to provide the information required by this Item as it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).~~Reporting

~~Item~~The management 8of the Company is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) under the Exchange Act. The Company's internal control over financial reporting is a process designed under the supervision of the Company's Chief Executive Officer and Chief Financial ~~Statements~~Officer to provide reasonable assurance regarding the reliability of financial reporting and ~~Supplementary~~the ~~Data~~preparation of the Company's financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America (US GAAP) and includes those policies and procedures that:

~~Please~~- ~~see~~pertain to the ~~financial~~maintenance ~~statements~~of records that in reasonable detail accurately and ~~footnotes~~fairly ~~annexed~~reflect the transactions and dispositions of our assets; - provide reasonable assurance that the transactions are recorded as necessary to permit the ~~end~~ preparation of ~~this~~financial ~~Form~~statements 10in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and -K provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements.

~~Item~~Management recognizes 9.that ~~Changes~~there are inherent limitations in the effectiveness of any system of internal control, and ~~Disagreements~~accordingly, ~~With~~even ~~Accountants~~effective internal oncontrol ~~Accounting~~can provide only reasonable assurance with respect of financial statement preparation and ~~Financial~~may ~~Disclosure~~not prevent or detect misstatements. In addition, effective internal control at a point in time may become ineffective in future periods because of changes in conditions or due to deterioration in the degree of compliance with our established policies and procedures.

~~(a) On~~Effective as ~~May~~of 21April 30, ~~2015~~2016, management assessed the effectiveness of the Company's ~~dismissed~~internal ~~its~~control ~~independent~~over financial reporting based on ~~registered~~the ~~public~~criteria ~~accounting~~for ~~firm,~~effective ~~Friedman~~internal ~~LLP~~control over financial reporting established in Internal Control--Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (~~“Friedman”~~"COSO") and SEC guidance on conducting such assessments.

~~None~~Based on ofthat ~~the~~evaluation, ~~reports~~management ofconcluded ~~Friedman~~that, onduring the ~~Company's financial~~period ~~statements~~covered ~~for~~by ~~either~~this ofreport, ~~the~~such ~~past~~internal ~~two~~controls ~~years~~and orprocedures were ~~subsequent~~not ~~interim~~effective ~~period~~to ~~contained~~detect anthe ~~adverse~~inappropriate ~~opinion~~application orof ~~disclaimer~~US ~~of opinion,~~GAAP orrules ~~was~~as ~~qualified~~more orfully ~~modified~~described asbelow. This was due to ~~audit~~deficiencies that ~~scope~~existed in the design or ~~accounting~~operation ~~principles,~~of ~~except~~our ~~for~~internal ~~the~~control ~~explanatory~~over ~~paragraph~~financial ~~included in~~reporting ~~each~~that ofadversely affected our ~~reports~~internal controls ~~referencing~~and ~~significant~~that ~~doubt~~taken ~~about~~together ~~the~~may ~~entity’s~~be ~~ability~~considered to ~~continue~~be as a ~~going~~material ~~concern~~weakness.

~~There~~A material ~~were~~weakness nois ~~disagreements~~a ~~between the Company and Friedman~~deficiency, ~~for~~or ~~the~~combination ~~two~~of ~~most~~deficiencies, ~~recent~~that ~~fiscal~~results ~~years~~in ~~and~~more ~~any~~than ~~subsequent~~a ~~interim~~remote ~~period~~likelihood ~~through~~that ~~the~~a ~~date of Friedman’s termination~~material onmisstatement ~~any matter~~ of ~~accounting~~annual ~~principles~~ or ~~practices,~~interim financial ~~statement~~statements ~~disclosure,~~will ornot ~~auditing~~be ~~scope~~prevented or ~~procedure,~~detected. ~~which,~~In ~~if not~~connection ~~resolved~~with to the ~~satisfaction~~assessment ~~of Friedman~~described above, ~~would~~management ~~have~~identified ~~caused~~the ~~them~~following tocontrol ~~make~~deficiencies ~~reference~~that torepresent ~~the~~material ~~subject~~weaknesses ~~matter~~at ofApril ~~the~~30, ~~disagreement in connection with its report.~~2016:

(b) On May 21, 2015, the Company engaged McCormack, Su & Company Inc. (McCormack, Su & Co.”) as its new principal accountant to audit the Company's financial statements. During the years ended April 30, 2014 and 2013 and through May 21, 2015, neither the Company nor anyone on its behalf consulted McCormack, Su & Co. regarding (i) the application of accounting principles to a specific completed or contemplated transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter regarding the Company that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

(1)	lack of a functioning audit committee and lack of a majority of outside Directors on the Company's Board of Directors capable to perform the audit function; and

(2)	inadequate segregation of duties due to limited number of personnel, which makes the reporting process susceptible to management override.

~~Item~~Management believes 9Athat the material weaknesses set forth in items (1) and (2) above did not have an affect on the Company's financial reporting in fiscal 2016. ~~Controls~~However, management believes that the lack of a functioning audit committee and ~~Procedures~~lack of a majority of outside Directors on the Company's Board of Directors can adversely affect reporting in the future years, when our operations become more complex and less transparent and require higher level of financial expertise from the overseeing body of the Company.

~~Evaluation~~We ofare ~~disclosure~~committed ~~controls~~to ~~and~~improving ~~procedures.~~our ~~Our~~financial ~~Chief~~organization. ~~Executive~~As ~~Officer~~part ~~and~~of ~~Principal~~this ~~Financial Officer~~commitment, ~~after~~we ~~evaluating the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934~~will, as ~~amended~~soon ~~(the “Exchange Act”) Rules 13a-15(e) and 15d-15(e))~~ as offunds ~~the~~are ~~end~~available ~~of the period covered by this Annual Report on~~to ~~Form 10-K (~~the ~~"Evaluation~~Company ~~Date"~~(1), ~~has~~appoint ~~concluded~~one ~~that~~or asmore ofoutside ~~the~~Directors ~~Evaluation~~to ~~Date,~~ our ~~disclosure~~Board ~~controls~~of ~~and~~Directors ~~procedures were~~who ~~not~~shall ~~effective~~be toappointed ~~provide reasonable assurance that information we are required~~ to ~~disclose~~the inaudit ~~reports that we file or submit~~committee ~~under~~of the ~~Exchange~~Company ~~Act~~resulting isin ~~recorded,~~a ~~processed,~~fully ~~summarized~~functioning ~~and~~audit ~~reported~~committee ~~within~~who ~~the~~will ~~time~~undertake ~~periods~~the ~~specified~~oversight in the ~~Securities~~establishment and monitoring ~~Exchange~~of ~~Commission~~required ~~rules~~internal ~~and~~controls ~~forms,~~ and ~~that~~procedures; ~~such~~(2) ~~information~~create isa ~~accumulated~~position ~~and communicated~~ to ~~our~~segregate ~~management,~~duties ~~including~~consistent ~~our Chief~~with ~~Executive~~control ~~Officer~~objectives and ~~Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.~~ ~~This~~will ~~conclusion~~increase ~~was~~our ~~based~~personnel onresources; ~~the~~and ~~existence~~(3) ofhire ~~the~~independent ~~material~~third ~~weaknesses~~parties ~~in our~~to ~~internal~~provide ~~control~~expert ~~over financial reporting previously disclosed and discussed below~~advice.

~~A material~~We ~~weakness~~will iscontinue ato ~~deficiency,~~monitor orand aevaluate ~~combination~~the effectiveness of ~~deficiencies,~~our in internal ~~control~~controls ~~over~~and ~~financial~~procedures ~~reporting,~~and ~~such~~our ~~that~~internal ~~there is~~controls ~~a reasonable possibility that a material misstatement of the Company’s annual or interim~~ over financial ~~statements~~reporting ~~will not be prevented or detected~~ on aan ~~timely~~ongoing basis. ~~We identified~~ and ~~continue~~are committed to ~~have~~taking ~~the~~further ~~following~~action ~~material~~and ~~weakness~~implementing inadditional ~~our~~enhancements ~~internal~~or ~~controls~~improvements, ~~over~~as ~~financial~~necessary ~~reporting:~~and as funds allow.

~~We currently~~Changes doin ~~not have an~~ internal ~~audit~~control ~~group,~~over ~~and we will need to hire additional accounting and~~ financial ~~staff with appropriate public company experience and technical accounting knowledge~~reporting. ~~Additionally,~~There ~~due~~were tono ~~the~~changes ~~fact~~in ~~that we only have one officer and two directors, it may impair~~ our ~~ability to maintain effective~~ internal ~~controls~~control over financial reporting ~~and disclosure controls and procedures,~~during ~~which~~our ~~may~~most ~~result~~recent infiscal ~~material~~quarter ~~misstatements~~that tomaterially ~~our~~affected, ~~financial~~or ~~statements~~were ~~and~~reasonably anlikely ~~inability~~ to ~~provide~~materially ~~accurate~~affect, ~~and~~our ~~timely~~internal ~~financial~~control ~~information~~over tofinancial ~~our stockholders~~reporting.

~~To address~~Item ~~the~~9B. ~~need~~Other ~~for more effective internal controls, management has plans to improve the existing controls and implement new controls as our financial position and capital availability improves.~~ Information

~~Management’s Annual Report on Internal Control over Financial Reporting~~None.

~~The management~~Part of the Company is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) under the Exchange Act. The Company's internal control over financial reporting is a process designed under the supervision of the Company's Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company's financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America (US GAAP) and includes those policies and procedures that:III

-Item 10. pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets; - provide reasonable assurance that the transactions are recorded as necessary to permit the preparation of financial statements in accordance with generally accepted accounting principlesDirectors, ~~and~~Executive ~~that~~Officers ~~our receipts~~ and ~~expenditures~~Corporate are being made only in accordance with authorizations of our management and directors; and - provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements.Governance

~~Management~~The ~~recognizes~~following ~~that~~table ~~there~~sets ~~are~~forth ~~inherent limitations in~~ the ~~effectiveness~~name, ofage ~~any~~and ~~system~~position of ~~internal~~our ~~control,~~Directors and ~~accordingly,~~executive ~~even~~officers. ~~effective internal~~There ~~control~~are ~~can~~no ~~provide~~other ~~only~~persons ~~reasonable assurance with respect of financial statement preparation and may not prevent or detect~~who ~~misstatements.~~can Inbe ~~addition,~~classified ~~effective~~as ~~internal control at~~ a ~~point~~promoter inor ~~time~~controlling ~~may~~person ~~become ineffective in future periods because~~ of ~~changes in~~us, ~~conditions~~other orthan ~~due~~as toprovided ~~deterioration~~below. inOur ~~the~~executive ~~degree~~officers ofand ~~compliance~~Directors currently ~~with~~serving ~~our~~are ~~established~~as ~~policies and procedures.~~follows:

Effective as of April 30, 2015, management assessed the effectiveness of the Company's internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control--Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments.

NAME	AGE	POSITION

Chin Yung Kong	63	Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director

~~Based~~Set onforth ~~that~~below ~~evaluation,~~is ~~management~~a ~~concluded~~brief ~~that,~~description ~~during~~of the ~~period~~background ~~covered by this report, such internal controls~~ and ~~procedures were~~business ~~not~~experience ~~effective to detect the inappropriate application~~ of ~~US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of~~ our ~~internal~~executive ~~control~~officer ~~over financial reporting that adversely affected our internal controls~~ and ~~that taken together may be considered to be a material weakness~~Directors.

AChin ~~material~~Yung ~~weakness~~Kong, is a ~~deficiency~~Malaysian citizen, orage ~~combination~~63, ofresides ~~deficiencies~~in Dalian, ~~that~~China. ~~results~~Mr. inChin ~~more~~has ~~than~~served aas ~~remote~~the ~~likelihood~~Company’s ~~that~~President, aSecretary, Treasurer ~~material~~and ~~misstatement~~sole director since December 2012. Mr. Chin is the Managing Director of QMIS Capital Finance. Since 2002 Mr. Chin has devoting most of ~~annual~~his ortime ~~interim~~advising Chinese clients on financial ~~statements~~restructuring, ~~will~~pre-audit ~~not~~evaluation bebefore ~~prevented~~going orpublic, pre-IPO ~~detected.~~investment Instrategies, ~~connection~~and ~~with~~on the ~~assessment~~process ~~described~~of ~~above~~going public in the United States. From 1995 to 2002, Mr. Chin was financial ~~management~~controller ~~identified~~for the ~~following~~Kwok ~~control~~Group ~~deficiencies~~Company ~~that~~in ~~represent~~China. ~~material~~Prior ~~weaknesses~~to at1995 ~~April~~Mr. ~~30,~~Chin ~~2014:~~was a practicing auditor and Certified Public Accountant (CPA) with Foo Kon & Tan in Singapore. Mr. Chin graduated from University of Hull in the United Kingdom with a Masters degree in Finance. Mr. Chin provides financial and strategic expertise to the Company as a member of its board of directors.

(1)	lack of a functioning audit committee and lack of a majority of outside Directors on the Company's Board of Directors capable to perform the audit function; and
(2)	inadequate segregation of duties due to limited number of personnel, which makes the reporting process susceptible to management override.

Anyuan Sun, our former director, resigned from his position on July 22, 2014, due to personal reasons.

~~Management~~Director believes that the material weaknesses set forth in items (1) and (2) above did not have an affect on the Company's financial reporting in fiscal 2015. However, management believes that the lack of a functioning audit committee and lack of a majority of outside Directors on the Company's Board of Directors can adversely affect reporting in the future years, when our operations become more complex and less transparent and require higher level of financial expertise from the overseeing body of the Company.Independence

~~We are~~The ~~committed~~Company’s toDirectors ~~improving~~are ~~our~~not ~~financial~~independent ~~organization. As part of this commitment, we will,~~ as ~~soon as funds are available to~~ the Company ~~(1)~~ ~~appoint~~is ~~one~~not orrequired ~~more outside Directors~~ to ~~our~~maintain ~~Board~~independent of Directors ~~who~~at ~~shall~~this ~~be appointed to~~ time. Furthermore, the ~~audit~~Over-The-Counter ~~committee~~Bulletin ofBoard, where the Company ~~resulting~~ inhopes ato ~~fully~~quote ~~functioning~~its ~~audit~~common ~~committee~~stock ~~who~~does ~~will~~not ~~undertake~~require ~~the~~that ~~oversight~~quoted ~~in the establishment and monitoring of required~~companies ~~internal~~maintain ~~controls~~independent ~~and~~Directors. The ~~procedures;~~Company ~~(2)~~will ~~create~~seek ~~a position~~ to ~~segregate~~appoint ~~duties~~independent ~~consistent~~Directors, ~~with~~if ~~control objectives~~ and ~~will~~when ~~increase our~~it ~~personnel~~is ~~resources; and (3) hire independent third parties~~ required to ~~provide~~ ~~expert~~do ~~advice~~so.

~~We will~~Family continue to monitor and evaluate the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.Relationships

~~Changes~~There inare ~~internal control over financial reporting. There were~~ no ~~changes~~family inrelationships ~~our~~among ~~internal control over financial reporting during~~ our ~~most recent fiscal quarter that materially affected, or were reasonably likely to materially affect, our internal control over financial reporting~~Directors.

~~Item~~Involvement in ~~9B.~~Certain ~~Other~~Legal ~~Information~~Proceedings

None. of our Directors have been involved in any of the following events during the past ten years:

~~Part~~1. ~~III~~any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; 2. any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses’); 3. being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or 4. being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

~~Item~~Audit Committee ~~10.~~and ~~Directors~~Financial Expert, ~~Executive~~Nominating ~~Officers~~ and ~~Corporate~~Compensation ~~Governance~~Committee

~~The~~Our board ~~following~~of ~~table~~Directors ~~sets~~has ~~forth~~determined ~~the~~that ~~name~~we do not have a board member that qualifies as an "audit committee financial expert" as defined in Item 407(D)(5) of Regulation S-K, ~~age~~nor do we have a Board member that qualifies as "independent" as the ~~and~~term ~~position~~is used in Item 7(d)(3)(iv)(B) of ~~our~~Schedule ~~Directors~~14A under the Securities Exchange Act of 1934, as amended, and ~~executive~~as ~~officers~~defined by Rule 4200(a)(14) of the FINRA Rules. ~~There~~The ~~are~~Company nois ~~other~~not ~~persons~~required ~~who~~to ~~can~~have bean ~~classified~~Audit Committee and as such, does not have one. The Company is not required to have a ~~promoter~~Nominating Committee or ~~controlling person~~Compensation ofCommittee usand as such, ~~other~~does ~~than~~not ashave ~~provided~~a ~~below~~Nominating Committee or Compensation Committee. The ~~Our~~functions ~~executive~~typically ~~officers~~handled ~~and~~by ~~Directors~~an ~~currently~~Audit ~~serving~~Committee, Nominating Committee and Compensation Committee are ashandled ~~follows:~~by the Company’s full Board of Directors.

NAME	AGE	POSITION
Chin Yung Kong	62	Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director

Code of Ethics

~~Set~~We have ~~forth~~not ~~below~~adopted is a ~~brief~~formal ~~description~~Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees ~~background~~and determined that general rules of fiduciary duty and federal and state criminal, business ~~experience~~conduct ofand securities laws are adequate ethical guidelines. In the event our ~~executive~~operations, ~~officer~~employees and/or Directors expand in the future, we may take actions to adopt a formal Code of Ethics.

~~Chin Yung Kong, a Malaysian~~SECTION ~~citizen,~~16 age 62, resides in Dalian, China. Mr. Chin has served as the Company’s President, Secretary, Treasurer and sole director since December 2012. Mr. Chin is the Managing Director of QMIS Capital Finance. Since 2002 Mr. Chin has devoting most of his time advising Chinese clients on financial restructuring, pre-audit evaluation before going public, pre-IPO investment strategies, and on the process of going public in the United States. From 1995 to 2002, Mr. Chin was financial controller for the Kwok Group Company in China. Prior to 1995 Mr. Chin was a practicing auditor and Certified Public Accountant (~~CPA~~A) ~~with~~BENEFICIAL ~~Foo~~OWNERSHIP ~~Kon &~~REPORTING Tan in Singapore. Mr. Chin graduated from University of Hull in the United Kingdom with a Masters degree in Finance. Mr. Chin provides financial and strategic expertise to the Company as a member of its board of directors.COMPLIANCE

~~Anyuan~~Section 16(a) ~~Sun,~~of the Exchange Act requires our ~~former~~Directors ~~director~~and officers, ~~resigned~~ ~~from~~and ~~his~~the ~~position~~persons onwho ~~July~~beneficially ~~22,~~own ~~2014~~more than ten percent of our common stock, ~~due~~to file reports of ownership and changes in ownership with the SEC. Copies of all filed reports are required to be ~~personal~~furnished ~~reasons~~to us pursuant to Rule 16a-3 promulgated under the Exchange Act.

~~Director~~We believe ~~Independence~~that, during fiscal year ended April 30, 2016, our Directors, executive officers, and ten percent stockholders complied with all Section 16(a) filing requirements.

~~The Company’s Directors are not independent~~Item ~~as the Company is not required to maintain independent Directors at this time~~11. ~~Furthermore,~~ ~~the~~Executive Over-The-Counter Bulletin Board, where the Company hopes to quote its common stock does not require that quoted companies maintain independent Directors. The Company will seek to appoint independent Directors, if and when it is required to do so.Compensation

~~Family~~Summary Compensation ~~Relationships~~Table:

There are no family relationships among our Directors.

Name and principal position	Year ended April 30	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	All Other Compensation ($)		Total ($)
(a)	(b)	(c)	(d)	(e)	(f)	(i)		(j)
Chin Yung Kong	2016	—	—	—	—	—	$	—
CEO, President, Secretary, Treasurer and Director	2015	—	—	—	—	—	$	—

~~Involvement~~Stock Option inGrants/Equity ~~Certain Legal Proceedings~~Awards

~~None~~We have ofnot ~~our~~granted ~~Directors~~any ~~have~~stock ~~been~~options ~~involved~~to ~~in any~~and ofhave ~~the~~no ~~following~~outstanding ~~events~~equity ~~during~~awards ~~the~~held ~~past~~by ~~ten~~our ~~years:~~executive officers.

~~1. any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;~~Employment Agreements

2.We do any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses’); 3. being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or 4. being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have ~~violated~~an aemployment ~~federal~~ or ~~state~~consultant ~~securities or commodities law, and the judgment has not been reversed, suspended, or vacated~~agreement.

~~Audit~~Compensation Discussion ~~Committee~~ and ~~Financial Expert, Nominating and Compensation Committee~~Analysis

~~Our board of Directors has determined that we~~Director do not have a board member that qualifies as an "audit committee financial expert" as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as "independent" as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14) of the FINRA Rules. The Company is not required to have an Audit Committee and as such, does not have one. The Company is not required to have a Nominating Committee or Compensation Committee and as such, does not have a Nominating Committee or Compensation Committee. The functions typically handled by an Audit Committee, Nominating Committee and Compensation Committee are handled by the Company’s full Board of Directors.

~~Code~~Our Board of ~~Ethics~~Directors does not currently receive any consideration for their services as members of the Board of Directors. The Board of Directors reserves the right in the future to award the members of the Board of Directors cash or stock based consideration for their services to the Company, which awards, if granted shall be in the sole determination of the Board of Directors.

~~We have not adopted a~~Executive ~~formal~~Compensation Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and determined that general rules of fiduciary duty and federal and state criminal, business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand in the future, we may take actions to adopt a formal Code of Ethics.Philosophy

~~SECTION~~Our Board 16of ~~(A)~~Directors ~~BENEFICIAL~~determines the compensation given to our executive officers in their sole determination. As our ~~OWNERSHIP~~executive ~~REPORTING~~officers ~~COMPLIANCE~~currently draw no compensation from us, we do not currently have any executive compensation program in place.

~~Section 16(a) of the Exchange Act requires our~~Incentive Directors and officers, and the persons who beneficially own more than ten percent of our common stock, to file reports of ownership and changes in ownership with the SEC. Copies of all filed reports are required to be furnished to us pursuant to Rule 16a-3 promulgated under the Exchange Act.Bonus

~~We believe that, during fiscal year ended April 30, 2015, our Directors, executive officers, and ten percent stockholders complied with all Section 16(a) filing requirements~~None.

~~Item~~Long-term, Stock ~~11.~~Based ~~Executive~~ Compensation

~~Summary Compensation Table:~~None.

Name and principal position (a)	Year ended April 30 (b)	Salary ($) (c)		Bonus ($) (d)		Stock Awards ($) (e)		Option Awards ($) (f)		All Other Compensation ($) (i)		Total ($) (j)
Chin Yung Kong CEO, President, Secretary, Treasurer and Director	2015		—		—		—		—	—	$		—
	2014		—		—		—		—	—	$		—

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

~~Stock~~The following ~~Option~~table ~~Grants/Equity~~presents ~~Awards~~certain information regarding the beneficial ownership of all shares of common stock by (i) each person who owns beneficially more than five percent (5%) of the outstanding shares of common stock based on 4,366,649 shares outstanding, (ii) each of our Directors, (iii) each named executive officer and (iv) all Directors and officers as a group. Except as otherwise indicated, all shares are owned directly.

We have not granted any stock options to and have no outstanding equity awards held by our executive officers.

Name and Address of Beneficial Owner

Shares Beneficially Owned

Percentage Beneficially Owned

Chin Yung Kong

CEO, CFO, President, Secretary, Treasurer, and Director

No.587, 15th Road, 3rd Avenue, Binhai Industrial Park, Eco & Tech Development Zone, Wenzhou, China.

4,200,000 (1)

96.2%

All Officers and Directors as a Group

(1 individual)

4,200,000

96.2%

~~Employment~~(1) ~~Agreements~~On July 22, 2014, Anyuan Sun transferred 1,680,000 shares of common stock to Chin Yung Kong.

WeThe number doof ~~not~~shares ~~have~~of ancommon ~~employment~~stock owned are those "beneficially owned" as determined in accordance with Rule 13d-3 of the Exchange Act of 1934, as amended, including any shares of common stock as to which a person has sole or ~~consultant~~shared ~~agreement~~voting or investment power and any shares of common stock which the person has the right to acquire within sixty (60) days through the exercise of any option, warrant or right. In computing the percentage ownership of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person by reason of such acquisition rights. As a result, the percentage of outstanding shares of any person as shown in the following table does not necessarily reflect the person’s actual voting power at any particular date.

Equity Compensation ~~Discussion~~Plan ~~and Analysis~~Information

~~Director~~The Company has no Equity Compensation Plans in place, whether approved by securities holders or otherwise.

~~Our Board of Directors does not currently receive~~Item ~~any consideration for their services as members of the Board of Directors~~13. ~~The~~ ~~Board~~Certain ofrelationships ~~Directors~~and ~~reserves~~related ~~the right in the future to award the members of the Board of Directors cash or stock based consideration for their services to the Company~~Transactions, ~~which~~ ~~awards,~~and ifDirector ~~granted shall be in the sole determination of the Board of Directors.~~Independence

~~Executive~~In April ~~Compensation~~2008, ~~Philosophy~~the Company issued 2,000,000 post Forward Split shares of its common stock to James Pacey in consideration for business development and advisory consulting services rendered in connection with the founding and organization of the Company, which shares were valued at $1,000 or the par value of the Company’s common stock $0.001 per share. Mr. Pacey was pivotal in the initial formation and direction of the Company and the Company believes that his marketing skills, budgetary knowledge and business relationships are vital to the Company’s future success.

~~Our~~On April ~~Board~~29, 2008, the Company entered into an Exchange Agreement with DPLLC, whereby the then members of ~~Directors~~DPLLC, ~~determines~~Nathan Pettus and James Patton, exchanged 100% of the ~~compensation~~outstanding membership interests of DPLLC for 2,000,000 post Forward Split shares, 1,000,000 ~~given~~shares each to ~~our~~Mr. ~~executive~~Pettus ~~officers~~and inMr. ~~their~~Patton, ~~sole~~of ~~determination. As~~the ~~our~~common ~~executive~~stock ~~officers~~of ~~currently~~the ~~draw~~Company, nowhich ~~compensation from~~shares uswere valued at $1,000. Upon completion weof dothe ~~not~~Exchange ~~currently~~Agreement, ~~have~~DPLLC ~~any~~became ~~executive~~a ~~compensation~~wholly-owned ~~program~~subsidiary inof ~~place~~the Company.

~~Incentive~~Effective October ~~Bonus~~2008, in connection with the Company’s entry into an Engagement Agreement with The Loev Law Firm, PC, the Company’s former attorney, the Company agreed to issue David M. Loev 200,000 post Forward Split shares of the Company’s common stock, which shares were valued at $100 or the par value of the Company’s common stock $0.001 per share.

~~None~~Expenses of the Company are currently being paid by an affiliate of our controlling shareholders. We have accrued for such expenses at April 30, 2016 but have not been billed.

~~Long-term,~~The Company ~~Stock~~has ~~Based~~periodically ~~Compensation~~received cash advances from the Company’s directors. The entire balance was settled in September 2012.

~~None~~On November 2, 2010 the Company entered into a $50,000 line of credit with the Company’s former president, James Patton. The line of credit bears interest of 10% per annum (15% if in default) and was settled in full in September 2012. The line of credit is no longer available to the Company.

~~Item~~On September 1221, 2012, James Patton, Nathan Pettus and James Pacey (“Sellers”), who are collectively the controlling shareholders of the Company, sold 4,200,000 shares of common stock of the Company to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $190,000. ~~Security~~The ~~Ownership~~4,200,000 shares of ~~Certain~~common ~~Beneficial~~stock ~~Owners~~represented approximately 96.2% of the total issued and ~~Management~~outstanding stock of the Company. As result of this share purchase transaction, Chin Yung Kong and ~~related~~Anyuan ~~Stockholder~~Sun ~~Matters~~became the controlling shareholders of the Company.

~~The following table presents certain information~~In ~~regarding~~conjunction with the ~~beneficial~~September ~~ownership~~21, of2012 ~~all shares of common stock as of July 31~~transaction, ~~2015 by~~all ~~(i)~~the ~~each~~liabilities ~~person who owns beneficially more than five percent (5%)~~ of the ~~outstanding~~Company ~~shares~~prior ofto ~~common~~September ~~stock~~21, ~~based~~2012 onwere ~~4,366,649~~settled by ~~shares~~a ~~outstanding~~Company asshareholder offor ~~July 31~~$123, ~~2015~~040, ~~(ii) each~~ ofresulting ~~our~~in ~~Directors, (iii) each named executive officer and (iv) all Directors and officers as~~ a ~~group.~~gain ~~Except~~on assettlement ~~otherwise~~of ~~indicated~~$17, ~~all shares are owned directly~~310.

Name and Address of Beneficial Owner	Shares Beneficially Owned	Percentage Beneficially Owned
Chin Yung Kong CEO, CFO, President, Secretary, Treasurer, and Director No.587, 15th Road, 3rd Avenue, Binhai Industrial Park, Eco & Tech Development Zone, Wenzhou, China.	4,200,000 (1)	96.2%
All Officers and Directors as a Group (1 individual)	4,200,000	96.2%

Expenses of the Company are currently being paid by an affiliate of our controlling shareholders. During the year ended April 30, 2016, Chin Yung Kong, the director and shareholder of the Company, advanced $8,579 to its audit and consultant fees. As of April 30, 2016 and 2015, the Company had owed this related party for $74,114 and $65,535, respectively.

~~(1) On July 22~~Review, Approval ~~2014,~~and ~~Anyuan~~Ratification ~~Sun transferred 1,680,000 shares~~ of ~~common~~Related ~~stock~~Party ~~to Chin Yung Kong.~~Transactions

~~The~~Given our ~~number~~small ofsize ~~shares~~and oflimited ~~common~~financial ~~stock~~resources, ~~owned~~we ~~are those~~have ~~"beneficially~~not ~~owned"~~adopted asformal ~~determined~~policies inand ~~accordance~~procedures ~~with~~for ~~Rule 13d-3 of~~ the ~~Exchange Act of 1934~~review, asapproval ~~amended, including~~or ~~any~~ratification ~~shares~~ of ~~common~~transactions, ~~stock~~such as tothose ~~which~~described aabove, ~~person~~with ~~has~~our ~~sole~~executive orofficers, ~~shared~~Directors ~~voting or investment power~~ and ~~any~~significant ~~shares~~stockholders. However, all of ~~common stock which~~ the ~~person~~transactions ~~has~~described ~~the~~above ~~right~~were toapproved ~~acquire~~and ~~within~~ratified ~~sixty~~by ~~(60)~~Directors. In ~~days~~connection ~~through~~with the ~~exercise~~approval of the ~~any~~transactions ~~option~~described above, ~~warrant~~our orDirectors, ~~right. In computing~~took ~~the~~into ~~percentage~~account ~~ownership~~several ~~of any person~~factors, ~~the~~including ~~amount~~their offiduciary ~~shares~~duties ~~is deemed~~ to ~~include~~the Company; the ~~amount~~relationships of ~~shares~~the ~~beneficially~~related ~~owned by~~parties ~~such~~described ~~person~~above byto ~~reason~~the ofCompany; ~~such~~the ~~acquisition~~material ~~rights.~~facts Asunderlying aeach ~~result,~~transaction; the ~~percentage~~anticipated benefits ofto ~~outstanding~~the ~~shares~~Company ofand ~~any~~related ~~person~~costs asassociated ~~shown~~with ~~in the~~such ~~following~~benefits; ~~table~~whether ~~does~~comparable ~~not~~products ~~necessarily~~or ~~reflect~~services were available; and the ~~person’s~~terms ~~actual~~the ~~voting~~Company ~~power~~could atreceive ~~any~~from ~~particular~~an ~~date~~unrelated third party.

~~Equity~~We intend ~~Compensation~~to ~~Plan~~establish ~~Information~~formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our Directors will continue to approve any related party transaction based on the criteria set forth above.

~~The Company has no Equity Compensation Plans~~Item in14. ~~place,~~Principal ~~whether~~Accounting ~~approved~~Fees byand ~~securities holders or otherwise.~~Services

~~Item~~Following is ~~13.~~a ~~Certain~~summary ~~relationships~~of ~~and~~the ~~related~~fees ~~Transactions~~expensed relating to professional services rendered by the principal accountants during the fiscal years ended April 30, 2016 and ~~Director~~April ~~Independence~~30, 2015:

In April 2008, the Company issued 2,000,000 post Forward Split shares of its common stock to James Pacey in consideration for business development and advisory consulting services rendered in connection with the founding and organization of the Company, which shares were valued at $1,000 or the par value of the Company’s common stock $0.001 per share. Mr. Pacey was pivotal in the initial formation and direction of the Company and the Company believes that his marketing skills, budgetary knowledge and business relationships are vital to the Company’s future success.

Fee Category	2016 Fees		2015 Fees

Audit Related Fees	$	7,500		12,000
All Other Fees	$	—		—

Total Fees	$	7,500		12,000

~~On April 29, 2008, the~~Part Company entered into an Exchange Agreement with DPLLC, whereby the then members of DPLLC, Nathan Pettus and James Patton, exchanged 100% of the outstanding membership interests of DPLLC for 2,000,000 post Forward Split shares, 1,000,000 shares each to Mr. Pettus and Mr. Patton, of the common stock of the Company, which shares were valued at $1,000. Upon completion of the Exchange Agreement, DPLLC became a wholly-owned subsidiary of the Company.IV

~~Effective October 2008,~~Item ~~in connection with the Company’s entry into an Engagement Agreement with The Loev Law Firm, PC, the Company’s former attorney, the Company agreed to issue David M~~15. ~~Loev 200~~Exhibits,~~000~~ ~~post~~Financial ~~Forward~~Statement ~~Split shares of the Company’s common stock, which shares were valued at $100 or the par value of the Company’s common stock $0.001 per share.~~Schedules

~~Expenses~~(a) ofWe have filed the ~~Company are~~following ~~currently~~documents ~~being~~as ~~paid~~part byof anthis ~~affiliate~~Annual ofReport ~~our~~on ~~controlling~~Form ~~shareholders~~10-K. WeFinancial statement schedules have ~~accrued~~been ~~for~~omitted ~~such~~since ~~expenses~~they ateither ~~April~~are 30not required, ~~2015 but~~not ~~have~~applicable, ~~not~~or ~~been~~the ~~billed~~information is otherwise included.

~~The Company has periodically~~Financial ~~received cash advances from the Company’s directors. The entire balance was settled in September 2012.~~Statements

OnReport ~~November~~of 2,Independent ~~2010~~Registered ~~the Company~~Public ~~entered~~Accounting ~~into~~Firm aBalance ~~$50~~Sheets as of April 30,~~000~~ ~~line~~2016 and 2015 Statements of ~~credit~~Operations ~~with~~for the ~~Company’s~~Years ~~former~~Ended ~~president~~April 30, ~~James~~2016 ~~Patton. The~~and ~~line~~2015 Statements of ~~credit~~ ~~bears~~Stockholders’ ~~interest~~Deficit offor ~~10%~~the ~~per~~Years ~~annum~~Ended ~~(15%~~April if30, in2016 ~~default)~~ and ~~was~~2015 ~~settled~~Statements inof ~~full~~Cash inFlows ~~September~~for ~~2012.~~the ~~The~~Years ~~line~~Ended ofApril ~~credit~~30, is2016 ~~no longer~~and ~~available~~2015 Notes to ~~the~~Financial ~~Company.~~Statements

~~On September 21, 2012, James Patton, Nathan Pettus and James Pacey~~ (~~“Sellers”~~b), ~~who~~Exhibit are collectively the controlling shareholders of the Company, sold 4,200,000 shares of common stock of the Company to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $190,000listing.The 4,200,000 shares of common stock represented approximately 96.2% of the total issued and outstanding stock of the Company. As result of this share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company.

~~In conjunction with the~~See ~~September~~the ~~21,~~Exhibit ~~2012~~Index ~~transaction,~~immediately ~~all~~following the ~~liabilities~~signature page of ~~the~~this ~~Company~~Annual ~~prior~~Report ~~to September 21, 2012 were settled by a Company shareholder for $123,040, resulting in a gain~~ on ~~settlement~~Form ~~of $17,310~~10-K.

Expenses of the Company are currently being paid by an affiliate of our controlling shareholders. During the year ended April 30, 2015, Chin Yung Kong, the director and shareholder of the Company, advanced $15,317 to its audit and consultant fees. As of April 30, 2015 and 2014, the Company had towed this related party for $65,535 and $49,151, respectively.SIGNATURES

~~Review,~~Pursuant to ~~Approval~~the ~~and~~requirements ~~Ratification~~of the Securities Exchange Act of ~~Related~~1934, ~~Party~~the ~~Transactions~~registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

~~Given~~Borneo ~~our~~Industrial ~~small~~Fishery ~~size~~Corp ~~and~~Inc ~~limited~~Date: ~~financial~~April ~~resources~~19, we ~~have~~2017 ~~not~~By: ~~adopted~~/s/ ~~formal~~Chin ~~policies~~Yung ~~and~~Kong ~~procedures~~Chin ~~for~~Yung ~~the~~Kong ~~review,~~Chief ~~approval~~Executive orOfficer ~~ratification~~(Principal ofExecutive ~~transactions~~Officer, ~~such~~Principal asFinancial ~~those~~Officer ~~described above, with our executive officers, Directors~~ and ~~significant~~Principal ~~stockholders. However,~~Accounting ~~all of the transactions described above were approved and ratified by Directors. In connection with the approval of the transactions described above~~Officer), ~~our~~ ~~Directors~~President, ~~took~~Treasurer into account several factors, including their fiduciary duties to the Company; the relationships of the related parties described above to the Company; the material facts underlying each transaction; the anticipated benefits to the Company and ~~related costs associated with such benefits; whether comparable products or services were available; and the terms the Company could receive from an unrelated third party.~~Director

~~We intend to establish formal policies and procedures~~EXHIBIT in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our Directors will continue to approve any related party transaction based on the criteria set forth above.INDEX

Item 14. Principal Accounting Fees and Services

Exhibit Number	Description of Exhibit

3.1(1)	Articles of Incorporation

3.2(1)	Amended and Restated Bylaws

10.1(1)	Letter of Intent Jimmy Jacobs Custom Homes

10.2(2)	Revolving Line of Credit ($50,000) and Related Documents

31*	Certificate of the Chief Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32*	Certificate of the Chief Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS*(#)	XBRL Instance Document

101.SCH*(#)	XBRL Schema Document

101.CAL*(#)	XBRL Calculation Linkbase Document

101.DEF*(#)	XBRL Definition Linkbase Document

101.LAB*(#)	XBRL Label Linkbase Document

101.PRE*(#)	XBRL Presentation Linkbase Document

~~Following is a summary of the fees expensed relating to professional~~* Attached ~~services rendered by the principal accountants during the fiscal years ended April 30, 2015 and April 30, 2014:~~hereto.

Fee Category	2015 Fees		2014 Fees
Audit Related Fees	$	12,000		12,000
All Other Fees	$	—		—
Total Fees	$	12,000		12,000

(1) Filed as an exhibit to the Company’s Form S-1 Registration Statement filed with the Commission on February 5, 2010, and incorporated herein by reference.

~~Part~~(2) IVFiled as an exhibit to the Company’s Form S-1/A Registration Statement (Amendment No. 2) filed with the Commission on November 23, 2010, and incorporated herein by reference.

~~Item~~(#) XBRL (Extensible ~~15.~~Business ~~Exhibits~~Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, ~~Financial~~as ~~Statement~~amended, ~~Schedules~~is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

~~(a)~~ANNEX: FINANCIAL WeSTATEMENTS ~~have~~AND filed the following documents as part of this Annual Report on Form 10-K. Financial statement schedules have been omitted since they either are not required, not applicable, or the information is otherwise included.FOOTNOTES

Table of Contents to Financial Statements

Report of Independent Registered Public Accounting Firm Balance Sheets as of April 30, ~~2015~~2016 and ~~2014~~2015 Statements of Operations for the Years Ended April 30, ~~2015~~2016 and ~~2014~~2015 Statements of Stockholders’ Deficit for the Years Ended April 30, ~~2015~~2016 and ~~2014~~2015 Statements of Cash Flows for the Years Ended April 30, ~~2015~~2016 and ~~2014~~2015 Notes to Financial Statements

~~(b)~~REPORT OF ~~Exhibit~~INDEPENDENT ~~listing.~~REGISTERED PUBLIC ACCOUNTING FIRM

~~See~~ To the ~~Exhibit~~Board ~~Index~~of ~~immediately~~Directors ~~following~~and Stockholders ~~the signature page~~ of ~~this~~ ~~Annual~~Borneo ~~Report~~Industrial onFishery ~~Form~~Corp ~~10-K~~Inc.

~~SIGNATURES~~We have audited the accompanying balance sheets of Borneo Industrial Fishery Corp Inc. as of April 30, 2016 and 2015, and the related statements of operations, stockholders' deficit, and cash flows for each of the years then ended. Borneo Industrial Fishery Corp Inc.'s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

~~Pursuant~~We conducted toour audits in accordance with the ~~requirements~~standards of the ~~Securities~~Public Company Accounting Oversight Board (United States). Those ~~Exchange~~standards ~~Act~~require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of ~~1934~~material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the ~~registrant~~circumstances, ~~has~~but ~~duly~~not ~~caused~~for ~~this~~the ~~Report~~purpose toof beexpressing ~~signed~~an opinion on ~~its~~the ~~behalf~~effectiveness of bythe company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the ~~undersigned~~amounts and disclosures in the financial statements, ~~hereunto~~assessing ~~duly~~the ~~authorized~~accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~Borneo~~In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Borneo Industrial Fishery Corp Inc. ~~Date:~~as ~~August~~of 11April 30, 2016 and 2015, ~~By:~~and ~~/s/~~the ~~Chin~~results ~~Yung~~of ~~Kong~~its ~~Chin~~operations ~~Yung~~and ~~Kong~~its ~~Chief~~cash ~~Executive~~flows ~~Officer~~for ~~(Principal~~the ~~Executive~~years then ~~Officer,~~ended ~~Principal~~in ~~Financial~~conformity ~~Officer~~with ~~and~~accounting ~~Principal~~principles ~~Accounting~~generally ~~Officer),~~accepted ~~President,~~in ~~Treasurer~~the ~~and~~United ~~Director~~States of America.

~~EXHIBIT~~The accompanying ~~INDEX~~financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 4 to the financial statements, the Company's accumulated stockholders' deficit, lack of working capital and negative cash flows from operating activities raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Exhibit Number	Description of Exhibit
3.1(1)	Articles of Incorporation
3.2(1)	Amended and Restated Bylaws
10.1(1)	Letter of Intent Jimmy Jacobs Custom Homes
10.2(2)	Revolving Line of Credit ($50,000) and Related Documents
31*	Certificate of the Chief Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32*	Certificate of the Chief Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*(#)	XBRL Instance Document
101.SCH*(#)	XBRL Schema Document
101.CAL*(#)	XBRL Calculation Linkbase Document
101.DEF*(#)	XBRL Definition Linkbase Document
101.LAB*(#)	XBRL Label Linkbase Document
101.PRE*(#)	XBRL Presentation Linkbase Document

/s/BF Borgers CPA PC

Lakewood, Colorado

April 19, 2017

* Attached hereto.

BORNEO INDUSTRIAL FISHERY CORP INC.
BALANCE SHEETS

		April 30,			April 30,
		2016			2015

ASSETS
CURRENT ASSETS:
Cash	$	—		$	—

TOTAL ASSETS	$	—		$	—

LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	2,709		$	450
Due to related party		74,664			65,535

TOTAL LIABILITIES		77,373			65,985

Commitments and Contingencies

STOCKHOLDERS' DEFICIT
Common stock, $.001 par value, 100,000,000 shares authorized, 4,366,649 shares issued and outstanding on April 30, 2016 and 2015		4,367			4,367
Additional paid in capital		189,339			189,339
Accumulated deficit		(271,079	)		(259,691	)

TOTAL STOCKHOLDERS' DEFICIT		(77,373	)		(65,985	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	—		$	—

See accompanying notes to financial statements

(1) Filed as an exhibit to the Company’s Form S-1 Registration Statement filed with the Commission on February 5, 2010, and incorporated herein by reference.

BORNEO INDUSTRIAL FISHERY CORP INC.
STATEMENTS OF OPERATIONS

	Year Ended April 30,
	2016			2015

OPERATING EXPENSES
General and administrative expenses	$	11,388		$	15,317

TOTAL OPERATING EXPENSES	$	11,388		$	15,317

NET LOSS	$	(11,388	)	$	(15,317	)

Net loss per share:
Basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding, Basic and diluted		4,366,649			4,366,649

See accompanying notes to financial statements

(2) Filed as an exhibit to the Company’s Form S-1/A Registration Statement (Amendment No. 2) filed with the Commission on November 23, 2010, and incorporated herein by reference.

BORNEO INDUSTRIAL FISHERY CORP INC.
STATEMENTS OF STOCKHOLDERS' DEFICIT

	Common				Additional Paid-in	Accumulated		Total Shareholder’
	Stock		Amount		Capital	Deficit		Deficit

Balance at April 30, 2013	4,366,649	$	4,367	$	189,339	(214,689	)	(20,983	)

Net Loss	—		—		—	(29,685	)	(29,685	)

Balance at April 30, 2014	4,366,649	$	4,367	$	189,339	(244,374	)	(50,668	)

Net Loss	—		—		—	(15,317	)	(15,317	)

Balance at April 30, 2015	4,366,649	$	4,367	$	189,339	(259,691	)	(65,985	)

Net Loss	—		—		—	(11,388	)	(11,388	)

Balance at April 30, 2016	4,366,649	$	4,367	$	189,339	(271,079	)	(77,373	)

See accompanying notes to financial statements

(#) XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

BORNEO INDUSTRIAL FISHERY CORP INC.
STATEMENTS OF CASH FLOWS

	Year ended April 30,
	2016			2015

OPERATING ACTIVITIES:
Net loss	$	(11,388	)	$	(15,317	)
Changes in assets and liabilities:
Accounts payable and accrued expenses		2,259			(1,067	)
NET CASH USED IN OPERATING ACTIVITIES		(9,129	)		(16,384	)

FINANCING ACTIVITIES:
Advances from related parties		9,129			16,384
NET CASH PROVIDED BY FINANCING ACTIVITIES		9,129			16,384

NET CHANGE IN CASH		—			—

Cash, beginning of year		—			—

Cash, end of year	$	—		$	—

SUPPLEMENTAL DISCLOSURES:
Interest paid	$	—		$	—
Tax paid	$	—		$	—

See accompanying notes to financial statements

~~ANNEX:~~BORNEO INDUSTRIAL ~~FINANCIAL~~FISHERY ~~STATEMENTS~~CORP ~~AND FOOTNOTES~~INC.

~~Table~~NOTES ofTO ~~Contents~~FINANCIAL ~~to Financial Statements~~STATEMENTS

~~Report~~AS ofOF ~~Independent~~AND ~~Registered~~FOR ~~Public~~THE ~~Accounting~~YEARS ~~Firm~~ENDED ~~Balance~~APRIL ~~Sheets as of April~~ 30, ~~2015~~2016 and ~~2014 Statements of Operations for the Years Ended April 30,~~ 2015 ~~and 2014 Statements of Stockholders’ Deficit for the Years Ended April 30, 2015 and 2014 Statements of Cash Flows for the Years Ended April 30, 2015 and 2014 Notes to Financial Statements~~

~~REPORT~~NOTE OF1- ~~INDEPENDENT~~Organization ~~REGISTERED PUBLIC ACCOUNTING~~and ~~FIRM~~Basis of presentation

~~To the Board of Directors and~~Organization

~~Stockholders~~Borneo Industrial Fishery Corp Inc. (the “Company”) was incorporated in the state of Nevada on April 18, 2008, with former names Dimus Partners, Inc. and China Xibolun Technology Holdings Corporation. The Company’s wholly-owned subsidiary, Dimus Partners, LLC was a Texas limited liability company effective May 24, 2007. Dimus Partners, LLC (the “Texas Company”) and the Company entered into a Certificate of Exchange whereby the Nevada Corporation acquired 100% of the issued and outstanding membership interest of the Texas Company, in exchange for two million (2,000,000) common shares of the Company.

~~We have~~On ~~audited~~September ~~the~~21, ~~accompanying balance~~2012, ~~sheets~~James ofPatton, ~~China Xibolun~~Nathan ~~Technology~~Pettus ~~Holdings Corporation~~and asJames Pacey (“Sellers”), who were collectively the controlling shareholders of ~~April~~the 30Company, ~~2014~~sold 4, ~~and~~200,000 shares of common stock of the ~~related~~Company ~~statements~~to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of ~~operations~~$190,000. ~~stockholders'~~The ~~deficit~~4,200,000 ~~and~~shares ~~cash flows~~of ~~for~~common ~~each~~stock represented approximately 96.2% of the ~~years~~total inissued and outstanding stock of the ~~two~~Company. As ~~year~~result ~~period~~of ~~ended~~this ~~April30~~share purchase transaction, ~~2014. China~~Chin ~~Xibolun~~Yung ~~Technology~~Kong ~~Holdings~~and ~~Corporation's~~Anyuan ~~management~~Sun isbecame the ~~responsible~~controlling ~~for~~shareholders ~~these~~of ~~financial~~the ~~statements~~Company. ~~Our~~The ~~responsibility~~liabilities ~~is to~~of ~~express~~$187,350 anof ~~opinion~~the onCompany ~~these~~prior ~~financial~~to September 21, 2012 have been ~~statements~~settled ~~based~~by onthe ~~our~~Company ~~audits~~resulting in a $17,310 gain.

WeOn ~~conducted~~October our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have11, ~~nor were we engaged to perform~~2012, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control over financial reporting. Accordingly, we ~~express~~changed no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our ~~audits~~name ~~provide~~to aChina ~~reasonable~~Xibolun ~~basis~~Technology ~~for~~Holdings ~~our opinion~~Corporation.

InAnyuan ~~our opinion~~Sun, ~~the~~our ~~financial~~ former ~~statements referred to above present fairly~~director, in ~~all~~resigned ~~material respects,~~from ~~the~~his ~~financial~~ position of ~~China~~on ~~Xibolun Technology~~July ~~Holdings Corporation as of April 30~~22, 2014, ~~and the~~due ~~results~~to ofpersonal ~~its~~reasons. On ~~operations~~July ~~and its cash flows for the year ended April 30~~22, 2014, inAnyuan Sun ~~conformity~~transferred ~~with~~1,680,000 ~~accounting principles~~shares ~~generally~~of ~~accepted~~common instock ~~the~~to ~~United States~~Chin ofYung ~~America~~Kong.

~~The~~On ~~accompanying~~July ~~financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 4 to the financial statements~~28, ~~the Company's accumulated stockholders' deficit~~2015, ~~lack~~ ofwe ~~working~~changed ~~capital~~our ~~and~~name ~~negative~~China ~~cash~~Xibolun ~~flows from~~Technology ~~operating~~Holdings ~~activities~~Corporation ~~raise substantial doubt about its ability~~ to ~~continue~~Borneo asIndustrial aFishery ~~going~~Corp ~~concern~~Inc. ~~The financial statements do not include any adjustments that might result from the outcome of this uncertainty.~~

~~/s/~~Basis of ~~Friedman LLP New York, New York August 12, 2014~~presentation

~~REPORT~~The accompanying OFfinancial ~~INDEPENDENT~~statements ~~REGISTERED~~of ~~PUBLIC~~Borneo ~~ACCOUNTING~~Industrial ~~FIRM~~ Fishery Corp Inc have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission ("SEC"). In the opinion of management, all adjustments necessary in order for the financial statements to be not misleading have been reflected herein. The Company has elected a fiscal year ending on April 30.

ToNOTE ~~the~~2 ~~Board~~–SUMMARY ofOF ~~Directors~~ACCOUNTING ~~and Stockholders of Borneo Industrial Fishery Corp Inc.~~POLICIES

~~We have~~Use ~~audited the accompanying balance sheets~~ of ~~Borneo Industrial Fishery Corp Inc. (formerly “China Xibolun~~ Technology Holdings Corporation”) as of April 30, 2015, and the related statements of operations, stockholders’ deficit, and cash flows for the year ended April 30, 2015. Borneo Industrial Fishery Corp Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.Estimates

WeThe ~~conducted~~preparation of ~~our~~financial ~~audits~~statements in ~~accordance~~ conformity with ~~the~~GAAP ~~standards~~requires of the ~~Public~~ Company ~~Accounting~~to ~~Oversight~~make ~~Board~~estimates ~~(United~~and ~~States).~~assumptions ~~Those standards require~~ that weaffect ~~plan~~the ~~and~~reported ~~perform~~amounts ~~the audit to obtain reasonable assurance about whether the financial statements are free~~ of ~~material~~assets, ~~misstatement. The company is not required to have~~liabilities, ~~nor~~revenue ~~were~~and ~~we engaged to perform~~expenses, anand ~~audit~~related disclosure of ~~its~~contingent ~~internal~~assets ~~control~~and ~~over financial reporting~~liabilities. ~~Our~~Estimates are ~~audit~~based ~~included~~on ~~consideration~~historical ofexperience ~~internal~~and ~~control~~on ~~over~~various ~~financial~~other ~~reporting~~assumptions asthat athe ~~basis~~Company ~~for~~believes ~~designing~~to ~~audit~~be ~~procedures~~reasonable ~~that~~under ~~are appropriate in~~ the circumstances, ~~but not for~~ the ~~purpose~~results of ~~expressing~~which anform ~~opinion on~~ the ~~effectiveness~~basis offor ~~the~~judgments ~~company’s~~about ~~internal~~results ~~control over~~and ~~financial~~the ~~reporting.~~carrying ~~Accordingly,~~values weof ~~express~~assets noand ~~such opinion~~liabilities. AnActual ~~audit also includes examining, on a test basis, evidence~~results ~~supporting the amounts~~ and ~~disclosures~~values inmay ~~the~~differ ~~financial~~significantly ~~statements,~~from ~~assessing~~these ~~the accounting principles used and significant~~ estimates ~~made by management, as well as evaluating the overall financial statement presentation~~. ~~We believe that our audits provide a reasonable basis for our opinion.~~

InIncome our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Borneo Industrial Fishery Corp Inc. as of April 30, 2015, and the results of its operations and its cash flows for the year ended April 30, 2015 in conformity with accounting principles generally accepted in the United States of America. Taxes

The ~~accompanying~~Company ~~financial~~has ~~statements~~adopted ~~have~~Financial ~~been~~Accounting ~~prepared~~Standards ~~assuming~~Board ~~that~~(“FASB”) ~~the~~Accounting ~~Company~~Standards ~~will~~Codification ~~continue~~(“ASC”) 740, as“Income ~~a going concern~~Taxes”. AsThis ~~discussed in~~standard ~~Note~~requires ~~4 to~~ the ~~financial~~use ~~statements,~~of ~~the~~an ~~Company's~~asset ~~accumulated~~and ~~stockholders’~~liability ~~deficit,~~approach ~~lack~~for offinancial ~~working~~accounting, ~~capital~~ and ~~negative~~ ~~cash~~reporting ~~flows~~on ~~from~~income ~~operating~~taxes. ~~activities~~If ~~raise~~it ~~substantial~~is ~~doubt~~more ~~about~~likely ~~its~~than ~~ability~~not tothat ~~continue~~some asportion aor ~~going~~all ~~concern.~~of ~~The~~a ~~financial~~deferred ~~statements do~~tax ~~not~~asset ~~include~~will ~~any~~not ~~adjustments~~be ~~that~~realized, a ~~might~~valuation ~~result~~allowance ~~from~~is ~~the outcome of this uncertainty~~recognized.

~~/s/~~The asset ~~McCormack,~~and Suliability &approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company ~~Inc~~records ~~Bellingham,~~a WAvaluation ~~August~~allowance ~~11,~~to ~~2015~~reduce any deferred tax assets to the amount that is more likely than not to be realized.

Borneo Industrial Fishery Corp Inc.
BALANCE SHEETS
(Formerly “China Xibolun Technology Holdings Corporation”)
		April 30,			April 30,
		2015			2014
ASSETS
CURRENT ASSETS:
Cash	$	—		$	—
TOTAL ASSETS	$	—		$	—
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	450		$	1,517
Due to related party		65,535			49,151
TOTAL LIABILITIES		65,985			50,668
Commitments and Contingencies
STOCKHOLDERS' DEFICIT
Common stock, $.001 par value, 100,000,000 shares authorized, 4,366,649 shares issued and outstanding on April 30, 2015 and 2014		4,367			4,367
Additional paid in capital		189,339			189,339
Accumulated deficit		(259,691	)		(244,374	)
TOTAL STOCKHOLDERS' DEFICIT		(65,985	)		(50,668	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	—		$	—
See accompanying notes to financial statements

Recent Accounting Pronouncements

Borneo Industrial Fishery Corp Inc.
STATEMENTS OF OPERATIONS
(Formerly “China Xibolun Technology Holdings Corporation”)
	Year Ended April 30,
	2015			2014
OPERATING EXPENSES
General and administrative expenses	$	(15,317	)	$	(29,685	)
OPERATING LOSS	$	(15,317	)	$	(29,685	)
Interest expense		—			—
NET INCOME (LOSS)	$	(15,317	)	$	(29,685	)
Net income (loss) per share:
Basic and diluted	$	(0.01	)	$	(0.01	)
Weighted average shares outstanding, Basic and diluted		4,366,649			4,366,649
See accompanying notes to financial statements

In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.” This ASU removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the ASU eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of operations, cash flows, and shareholders’ deficit, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Early adoption is permitted. The Company has elected to adopt this ASU and, accordingly, no inception to date financial information is disclosed and the accompanying financial statements are not labeled as those of a development stage entity.

Borneo Industrial Fishery Corp Inc.
STATEMENTS OF STOCKHOLDERS' DEFICIT
(Formerly “China Xibolun Technology Holdings Corporation”)
					Additional					Total
	Common				Paid-in		Accumulated			Stockholders’
	Stock		Amount		Capital		Deficit			Deficit
Balance at April 30, 2013	4,366,649	$	4,367	$	189,339	$	(214,689	)	$	(20,983	)
Net Loss	—		—		—		(29,685	)		(29,685	)
Balance at April 30, 2014	4,366,649	$	4,367	$	189,339	$	(244,374	)	$	(50,668	)
Net Loss	—		—		—		(15,317	)		(15,317	)
Balance at April 30, 2015	4,366,649	$	4,367	$	189,339	$	(259,691	)	$	(65,985	)
See accompanying notes to financial statements

In August 2014, the FASB issued ASU No. 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Certain disclosures will be required if conditions give rise to substantial doubt about an entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual and interim reporting periods ending after December 15, 2016, with early adoption permitted. The Company does not expect that the adoption of this standard will have a material effect on the Company’s consolidated financial statements.

Borneo Industrial Fishery Corp Inc.
STATEMENTS OF CASH FLOWS
(Formerly “China Xibolun Technology Holdings Corporation”)
	Year ended April 30,
	2015			2014
OPERATING ACTIVITIES:
Net loss	$	(15,317	)	$	(29,685	)
Changes in assets and liabilities:
Accounts payable and accrued expenses		(1,067	)		(16,234	)
NET CASH USED IN OPERATING ACTIVITIES		(16,384	)		(45,919	)
FINANCING ACTIVITIES:
Advances from related parties		16,384			45,919
NET CASH PROVIDED BY FINANCING ACTIVITIES		16,384			45,919
NET CHANGE IN CASH		—			—
Cash, beginning of year		—			—
Cash, end of year	$	—		$	—
SUPPLEMENTAL DISCLOSURES:
Interest paid	$	—		$	—
Tax paid	$	—		$	—
See accompanying notes to financial statements

The Company has implemented all new accounting standards that are in effect and may impact its financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

~~Borneo Industrial~~NOTE ~~Fishery~~3 ~~Corp~~– ~~Inc.~~RELATED PARTY TRANSACTIONS

~~(Formerly~~Expenses ~~“China~~of ~~Xibolun~~the ~~Technology~~Company ~~Holdings~~are ~~Corporation”)~~currently being paid by an affiliate of our controlling shareholders. During the year ended April 30, 2016, Chin Yung Kong, the director and shareholder of the Company, advanced $9,129 and $16,384 in 2016 and 2015 respectively to the Company for its audit and consultant fees. As of April 30, 2016 and 2015, the Company had owed this related party for $74,664 and $65,535, respectively.

~~NOTES~~NOTE 4 TO– ~~FINANCIAL~~GOING ~~STATEMENTS~~CONCERN

~~APRIL~~There 30are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, ~~2015~~public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient to support the Company’s working capital requirements, the Company will have to raise additional working capital from additional financing. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not be able continue its operations.

~~NOTE~~These 1-conditions caused ~~Organization~~our auditors to have substantial doubt about the Company’s ability to continue as a going concern and ~~Basis~~issue an audit report with an additional paragraph emphasizing the going concern issue. The financial statements do not include any adjustments relating to the recoverability and classification of ~~presentation~~asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

~~Organization~~NOTE 5 –INCOME TAXES

~~Borneo~~Current ~~Industrial~~tax ~~Fishery Corp Inc. (the “Company”), formerly “China Xibolun Technology Holdings Corporation was incorporated under the~~ laws oflimit the ~~State~~amount of ~~Nevada on~~loss ~~May~~available ~~24, 2007. Prior~~ to ~~incorporation~~be onoffset ~~April~~against ~~30,~~future ~~2008,~~taxable ~~Dimus~~income ~~Partners,~~when ~~LLC was~~ a ~~Texas~~substantial ~~limited~~change ~~liability~~in ~~company~~ownership ~~effective May 24, 2007~~occurs. ~~Dimus~~ ~~Partners~~Therefore, ~~LLC (~~the ~~“Texas~~amount ~~Company”)~~available ~~and~~to ~~the~~offset ~~Company~~future ~~entered~~taxable ~~into~~income ~~a Certificate~~may ofbe ~~Exchange~~limited. ~~whereby~~The ~~the~~provision ~~Nevada~~for ~~Corporation~~income ~~acquired~~taxes ~~100%~~differs from of the ~~issued~~result ~~and~~which ~~outstanding~~would ~~membership~~be ~~interest~~obtained ofby applying the ~~Texas~~ ~~Company,~~statutory inincome ~~exchange~~tax ~~for~~rate ~~two~~of ~~million~~34% ~~(2,000,000)~~to ~~common~~income ~~shares~~before ofincome ~~the Company~~taxes.

OnAt ~~September 21, 2012, James~~April ~~Patton~~30, ~~Nathan~~2016 ~~Pettus~~ and ~~James Pacey (“Sellers”)~~2015, ~~who were~~deferred ~~collectively~~tax ~~the~~assets ~~controlling~~consisted ~~shareholders~~ of the Company, sold 4,200,000 shares of common stock of the Company to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $ 190,000.The 4,200,000 shares of common stock represented approximately 96.2% of the total issued and outstanding stock of the Company. As result of this share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company. The liabilities of $187,350 of the Company prior to September 21, 2012 have been settled by the Company resulting in a $17,310 gain.following:

On October 11, 2012, we changed our name to China Xibolun Technology Holdings Corporation.

	April 30,2016			April 30,2015
Deferred tax assets
Net operating loss carry forwards	$	92,167		$	88,295
Less: valuation allowance		(92,167	)		(88,295	)

Net deferred tax asset	$	—		$	—

OnAt ~~July,~~ April 30, ~~2015~~2016, wethe ~~changed~~Company ~~our~~had ~~name~~an unused net operating loss carry-forward $271,079 that is available to ~~Borneo~~offset ~~Industrial~~future ~~Fishery~~taxable ~~Corp~~income; the ~~Inc~~loss carry-forward will start to expire in 2029.

~~Basis~~During the years ended April 30, 2016 and 2015, the effective tax rate of ~~presentation~~the Company is reconciled to the U.S. federal statutory rate, as follows:

The accompanying financial statements of Borneo Industrial Fishery Corp Inc. (Formerly known as “China Xibolun Technology Holdings Corporation”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

	2016			2015
U.S. federal statutory rate		34	%		34	%
Change in valuation allowance		(34	%)		(34	%)

Effective tax rate		—			—

NOTE 6 2 –~~SUMMARY~~ OFSUBSEQUENT ~~ACCOUNTING POLICIES~~EVENTS

~~Use~~The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of ~~Estimates~~the Company determined that there were no reportable subsequent events to be disclosed.

The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Estimates are based on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for judgments about results and the carrying values of assets and liabilities. Actual results and values may differ significantly from these estimates.

Income Taxes

The Company has adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, “Income Taxes”. This standard requires the use of an asset and liability approach for financial accounting, and reporting on income taxes. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.

The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company records a valuation allowance to reduce any deferred tax assets to the amount that is more likely than not to be realized.

Recent Accounting Pronouncements

In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.” This ASU removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the ASU eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of operations, cash flows, and shareholders’ deficit, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Early adoption is permitted. The Company has elected to adopt this ASU and, accordingly, no inception to date financial information is disclosed and the accompanying financial statement are not labeled as those of a development stage entity.

NOTE 3 – RELATED PARTY TRANSACTIONS

Expenses of the Company are currently being paid by an affiliate of our controlling shareholders. During the year ended April 30, 2015, Chin Yung Kong, the director and shareholder of the Company, advanced $16,384 to the Company for its audit and consultant fees. As of April 30, 2015 and 2014, the Company had owed this related party for $65,535 and $49,151, respectively.

NOTE 4 – GOING CONCERN

There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support the Company’s working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient to support the Company’s working capital requirements, the Company will have to raise additional working capital from additional financing. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not be able continue its operations.

These conditions caused our auditors to have substantial doubt about the Company’s ability to continue as a going concern and issue an audit report with an additional paragraph emphasizing the going concern issue. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 5 –INCOME TAXES

Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. The provision for income taxes differs from the result which would be obtained by applying the statutory income tax rate of 34% to income before income taxes.

At April 30, 2015 and 2014, deferred tax assets consisted of the following:

	April 30,2015			April 30,2014
Deferred tax assets
Net operating loss carry forwards	$	88,295		$	83,087
Less: valuation allowance		(88,295	)		(83,087	)
Net deferred tax asset	$	—		$	—

At April 30, 2015, the Company had an unused net operating loss carry-forward $259,691 that is available to offset future taxable income; the loss carry-forward will start to expire in 2029.

During the years ended April 30, 2015 and 2014, the effective tax rate of the Company is reconciled to the U.S. federal statutory rate, as follows:

	2015			2014
U.S. federal statutory rate		34	%		34	%
Change in valuation allowance		-34	%		-34	%
Effective tax rate		—			—

NOTE 6 – SUBSEQUENT EVENTS

On July 30, 2015, the Company changed its name from China Xibolun Technology Holdings Corporation to Borneo Industrial Fishery Corp Inc.

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