SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ Quarterly Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934 for Quarterly Period Ended ~~September~~March 3031, ~~2015~~2016

-OR-

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities And Exchange Act of 1934 for the transaction period from _________ to________

Commission File Number 333-133961

Globalink, Ltd.

(Exact name of registrant as specified in its charter)

Nevada		06-1812762
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

365 Boundary Road

Vancouver, BC

V5K 4S1

(Address of principal executive offices)

(Zip Code)

(604) 828-8822

(Registrant's telephone number, including area code)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ 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 (section 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 whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerate filer, or a small reporting company as defined by Rule 12b-2 of the Exchange Act):

Large accelerated filer ☐		Non-accelerated filer ☐
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 ~~number~~ number of outstanding shares of the registrant's common stock, ~~November~~May 1315, ~~2015~~2016: Common Stock - 4345,585,000

As used herein, the terms “Globalink”, “Company,” “we,” “our,” “us,” “it,” and “its” refer to Globalink, Ltd., a Nevada corporation and its wholly owned subsidiaries, unless otherwise indicated.

In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly the Company’s financial position as of ~~September~~March 3031, ~~2015~~2016 and the results of its operations for the three ~~and nine~~ month periods ended March ~~September 30~~31, ~~2015~~2016 and ~~2014~~2015 and its cash flows for the ~~nine~~three month periods ended ~~September~~March 3031, ~~2015~~2016 and ~~2014~~2015.

The quarterly financial statements are presented in accordance with the requirements of Form 10-Q and do not include all of the disclosures required by accounting principles generally accepted in the United States of America. For additional information, reference is made to the Company’s audited financial statements filed with Form 10-K for the years ended December 31, ~~2014~~2015. The results of operations for the three ~~and nine~~ month periods ended ~~September~~March 3031, ~~2015~~2016 and ~~2014~~2015 are not necessarily indicative of operating results for the full year.

GLOBALINK, INC.

FORM 10-Q

For the quarterly period ended ~~September~~March 3031, ~~2015~~2016

INDEX

PART 1 - FINANCIAL INFORMATION		Page
		Page
Item 1. Financial Statements (Unaudited)		4
PART 1 - FINANCIAL INFORMATION
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		18
Item 1. Financial Statements (Unaudited)		3
Item 3. Quantitative and Qualitative Disclosure About Market Risk		22
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		22
Item 4. Controls and Procedures		22
Item 3. Quantitative and Qualitative Disclosure About Market Risk		26
Item 4. Controls and Procedures		27
PART II – OTHER INFORMATION
Item 1. Legal Proceedings		28
Item 1A. Risk Factors		28
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		28
Item 3. Defaults upon Senior Securities		28
Item 4. Mine Safety Disclosure		28
Item 5. Other Information		28
Item 6. Exhibits		28
SIGNATURES		29

PART II - OTHER INFORMATION
Item 1. Legal Proceedings		23
Item 1A. Risk Factors		23
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		23
Item 3. Defaults upon Senior Securities		23
Item 4. Mine Safety Disclosure		23
Item 5. Other Information		23
Item 6. Exhibits		23
SIGNATURES		24

GLOBALINK, LTD.

Condensed Consolidated Balance Sheets

(Expressed in U.S. Dollars)

(Unaudited)

	September 30, 2015			December 31, 2014
	March 31, 2016			December 31, 2015
	$			$
Assets
Current assets
Cash		1,357,472			1,236,137
Cash and cash equivalents (note 3)		677,221			758,355
Accounts receivable (note 4)		147,168			120,299
Accounts receivable (note 6)		157,926			92,464
Other current assets (note 3)		93,376			28,821
Other current assets (note 4)		223,547			79,206
Total current assets		1,~~598~~058,~~016~~694			1930,~~385,257~~025
Fixed assets		10,446			3,531
Inventories (note 5)		1,352			25,213
Construction in progress (note 8)		86,159			12,884
Growing crops (note 9)		257,579			132,168
Fixed assets (note 7)		73,919			54,402
Goodwill		274,449			274,449
Total assets		1,~~882~~752,~~911~~152			1,~~663~~429,~~237~~141
Liabilities
Current liabilities
Accounts payable and accrued liabilities (note 5)		630,178			483,706
Accounts payable and accrued liabilities (note 10)		466,220			338,073
Due to related parties (note 7)		5,000			—
Amounts due to related parties (note 12)		5,000			—
Other current liabilities (note 6)		30,416			8,088
Loan payable to related party (note 12)		232,530			—
Total current liabilities		665,594			491,794
Other current liabilities (note 11)		19,310			9,305
Total current liabilities		723,060			347,378
Shareholders’ equity
Common shares, $0.0002 par value; Authorized - 500,000,000 common shares; shares issued and outstanding – 43,585,000 (December 31, 2014 – 42,485,000) (note 8)		8,717			8,497
Common shares, $0.0002 par value; Authorized - 500,000,000 common shares; shares issued and outstanding – 45,585,000 (December 31, 2015 – 43,585,000) (note 13)		9,117			8,717
Additional paid-in-capital		1,605,244			1,459,703
Additional paid-in-capital (note 13)		1,791,888			1,660,415
Accumulated other comprehensive loss		(718,~~575~~725	)		(720,~~691~~013	)
Deficit		(~~389~~753,~~069~~188	)		(~~289~~567,~~066~~356	)
Total shareholders’ equity		1,~~217~~029,~~317~~092			1,~~171~~081,~~443~~763
Total liabilities and shareholders’ equity		1,~~882~~752,~~911~~152			1,~~663~~429,~~237~~141

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

GLOBALINK, LTD.

Condensed Consolidated Statements of Comprehensive Loss

(Expressed in U.S. Dollars)

(Unaudited)

	Three months ended September 30, 2015			Three months ended September 30, 2014			Nine months ended September 30, 2015			Nine months ended September 30, 2014
	2016			2015
	$			$			$			$
Revenue (note 9)		102,790			97,008			259,534			269,546
Revenue (note 14)		33,096			71,921
General and administrative expenses
Accounting and legal		~~36,696~~800			~~7,106~~574			~~39,304~~			~~39,224~~
Management fees (note 7)		15,000			—			45,000			—
Amortization (note 7)		734			—
Foreign exchange (gain) loss		(887	)		(6,329	)		(10,463	)		182
Director and management fees (note 12)		15,000			15,000
Rent		5,917			5,120			17,055			13,711
Foreign exchange gain		(7,136	)		(594	)
Salaries and benefits		59,290			66,596			169,872			182,213
Investor relations (note 13)		12,000			—
Stock-based compensation (note 8)		35,761			—			35,761			—
Research and development		8,796			—
Telephone		1,650			1,678			5,065			4,863
Rent		9,093			5,209
Transfer agent and filing fees		1,025			1,885			17,875			20,333
Salaries and benefits		87,026			52,342
Travel		9,146			5,809			17,122			8,024
Stock-based compensation (notes 12 and 13)		51,873			—
Other general and administrative expenses		10,381			6,783			22,946			21,867
Telephone		2,043			1,870
Total general and administrative expenses		(173,979	)		(88,648	)		(359,537	)		(290,417	)
Travel		10,747			7,140
Net income (loss) for the period		(71,189	)		8,360			(100,003	)		(20,871	)
Transfer agent and filing fees		14,732			15,885
Other comprehensive income (loss)
Other general and administrative expenses		13,220			2,328
Exchange difference on translating foreign operations		(1,664	)		(571	)		116			(75	)
Total general and administrative expenses		(218,928	)		(99,754	)
Comprehensive income (loss)		(72,853	)		7,789			(99,887	)		(20,946	)
Net loss for the period		(185,832	)		(27,833	)
Basic and diluted weighted average number of common shares outstanding		42,915,315			37,609,415			42,630,055			29,785,733
Other comprehensive income (loss)
Basic and diluted earnings (loss) per common share		(0.00	)		0.00			(0.00	)		(0.00	)
Exchange difference on translating foreign operations		1,288			1,696
Comprehensive loss		(184,544	)		(26,137	)
Basic and diluted weighted average number of common shares outstanding		44,482,512			42,485,000
Basic and diluted loss per common share		(0.00	)		(0.00	)

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

GLOBALINK, LTD.

Condensed Consolidated Statements of Changes in Equity

(Expressed in U.S. Dollars)

(Unaudited)

	Common shares			Additional paid-in-capital		Accumulated other comprehensive income (loss)			Deficit			Total
		#	$		$		$			$			$
January 1, 2014		24,785,000	4,957		403,243		(9,303	)		(174,824	)		224,073
Private placements		17,700,000	3,540		1,056,460		—			—			1,060,000
Net loss for the year		—	—		—		—			(114,242	)		(114,242	)
Foreign currency translation difference		—	—		—		1,612			—			1,612
December 31, 2014		42,485,000	8,497		1,459,703		(7,691	)		(289,066	)		1,171,443
Private placement		1,100,000	220		109,780		—			—			110,000
Private placements		1,100,000	220		109,780		—			—			110,000
Stock-based compensation		—	—		3590,~~761~~932		—			—			3590,~~761~~932
Net loss for the period		—	—		—		—			(100,003	)		(100,003	)
Net loss for the year		—	—		—		—			(278,290	)		(278,290	)
Foreign currency translation difference		—	—		—		~~116~~(12,322	)		—			~~116~~(12,322	)
September 30, 2015		43,585,000	8,717		1,605,244		(7,575	)		(389,069	)		1,217,317
December 31, 2015		43,585,000	8,717		1,660,415		(20,013	)		(567,356	)		1,081,763
Shares issued for investor relations fee		2,000,000	400		79,600		—			—			80,000
Stock-based compensation		—	—		51,873		—			—			51,873
Net loss for the period		—	—		—		—			(185,832	)		(185,832	)
Foreign currency translation difference		—	—		—		1,288			—			1,288
March 31, 2016		45,585,000	9,117		1,791,888		(18,725	)		(753,188	)		1,029,092

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

GLOBALINK, LTD.

Condensed Consolidated Statements of Cash Flows

(Expressed in U.S. Dollars)

(Unaudited)

For the ~~nine~~three months ended ~~September~~March 3031,

	2015			2014
	2016			2015
	$			$
Cash provided by (used in):
Operating activities
Net loss for the period		(~~100~~185,~~003~~832	)		(2027,~~871~~833	)
Item not involving cash:
Non-cash items:
Stock-based compensation		35,761			—
Amortization		734			—
Stock-based compensation		51,873			—
Shares issued for investor relations fee		12,000			—
Changes in non-cash working capital:
Increase in accounts receivable		(4555,~~711~~790	)		(65193,~~944~~595	)
Decrease (increase) in other current assets		(64,813	)		3,380
(Increase) Decrease in other current assets		(74,006	)		4,003
Increase in accounts payable and accrued liabilities		~~148~~108,~~576~~015			4081,~~286~~555
Increase in other current liabilities		24,960			6,217
Increase in amounts due to related parties		5,000			—
Total cash used in operating activities		(1,230	)		(36,932	)
Increase in other current liabilities		8,845			8,328
Total cash used in operating activities		(129,161	)		(127,542	)
Investing activities
Purchase of fixed assets		(6,915	)		(1,500	)
Acquisition of fixed assets		(2,691	)		—
Total cash used in investing activities		(6,915	)		(1,500	)
Inventories		(996	)		—
Construction in progress		(69,495	)		—
Growing crops		(125,411	)		—
Total cash used in investing activities		(198,593	)		—
Financing activities
Proceeds from share issuance		110,000			850,000
Loan proceeds from related party		232,530			—
Share subscription received in advance		—			100,000
Total cash provided by financing activities		232,530			—
Advances from shareholders		—			(31,646	)
Decrease in cash		(95,224	)		(127,542	)
Total cash provided by financing activities		110,000			918,354
Effect of exchange rate changes on balance of cash held in foreign currencies		14,090			(13,389	)
Increase in cash		101,855			879,922
Cash and cash equivalents, beginning of the period		758,355			1,236,137
Effect of exchange rate changes on balance of cash held in foreign currencies		19,480			(16,996	)
Cash and cash equivalents, end of the period		677,221			1,095,206
Cash, beginning of the period		1,236,137			426,088
Cash, end of the period		1,357,472			1,289,014
Supplemental information on cash flows
Income taxes paid		—			~~10,972~~—
Interest paid		—			—

Supplemental disclosure with respect to cash flows (note 1116)

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

GLOBALINK LTD.

Notes to Condensed Consolidated Financial Statements

For the ~~nine~~three months ended ~~September~~March 3031, ~~2015~~2016

(Expressed in U.S. Dollars)

(Unaudited)

1. NATURE OF OPERATIONS

Globalink, Ltd. (the “Company”) was incorporated in the State of Nevada on February 3, 2006. The Company has focused its efforts on internet hotel booking services and has developed a proprietary online hotel booking program for connecting users with available rooms in hotels across the world. In order to gain the access to hotels, the Company acquired OneWorld Hotel Destination Service Inc. (“OneWorld”) in Vancouver, British Columbia, Canada on October 31, 2008. OneWorld is a hotel booking company which has established relationships with major hotel chains. ~~Since~~As a result of the acquisition, OneWorld became a wholly-owned subsidiary of the Company and goodwill of $274,449 was recognized on completion of the acquisition.

On May 4, 2014, the Company entered into a joint venture agreement (the “Agreement”) with Shizhen Bio-Technology Co., Ltd. (“Shizhen Biotech”) in Jiangsu Province, China. On May 22, 2014, Globalink (Xuzhou) Bio-Technology Co., Ltd. (“Globalink Xuzhou”) was incorporated in Pizhou City, Jiangsu Province, China pursuant to the Agreement. Globalink Xuzhou ~~has~~will have total registered capital of $10,000,000, ~~whereby the Company will invest~~ $8,000,000 of which will be invested by the Company to earn an 80% interest ~~in Globalink Xuzhou and~~, ~~Shizhen~~with ~~Biotech~~the ~~will~~remaining ~~invest~~ $2,000,000 being invested by Shizhen Biotech to earn the remaining 20%. Globalink Xuzhou will be involved in the business of biological ~~science~~ sciences and technology research, biological technology popularization ~~service~~services, and fruit and vegetable distribution. Currently, Globalink Xuzhou ~~focuses~~will oncontinue ~~developing~~to ~~health~~focus ~~supplement~~on ~~products~~gingko ~~from~~cultivation ~~the~~and ~~extract of gingko leaves~~extraction. In August 2015, the Company transferred $500,000 to Globalink ~~Zuzhou~~Xuzhou to start developing a gingko plantation in Pizhou City, Jiangsu Province. The Company transferred an additional $300,000 in October 2015. As at March 31, 2016 and December 31, 2015, the Company owns 100% of Globalink Xuzhou.

On October 13, 2015, the Company incorporated a wholly-owned subsidiary, Globalink (Zhejiang) Bio-Technology Co. Ltd. (“Globalink Zhejiang”) in Ningbo City, Jiangsu Province, China. Globalink Zhejiang will be involved in the research and development, cultivation, extraction, and application of gingko trees and other economic plants. Globalink Xuzhou transferred RMB800,000 ($123,200) to Globalink Zhejiang in October 2015 to start its operations and additional RMB800,000 ($124,016) in March 2016.

2. SIGNIFICANT ACCOUNTING POLICIES

Statement of presentation ~~and consolidation~~

These unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission, including Form 10-Q and Regulation S-K. Certain information and footnote disclosures normally present in annual financial statements have been omitted pursuant to such rules and regulations. The Company believes that the disclosures provided are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and explanatory notes for the year ended December 31, ~~2014~~2015 as disclosed in the Company’s Form 10-K as filed with the Securities and Exchange Commission on ~~March~~April 304, ~~2015~~2016. Operating results for the ~~nine~~three month period ended ~~September~~March 3031, ~~2015~~2016 may not necessarily be indicate of the results for the year ending December 31, ~~2015~~2016.

Continuance of operation

These ~~unaudited condensed~~ consolidated financial statements prepared in conformity with US GAAP contemplate continuation of the Company as a going concern. As of ~~September~~March 3031, ~~2015~~2016, the Company has an accumulated deficit of $~~389~~753,~~069~~188 since inception. Its ability to continue as a going concern depends upon whether it develops profitable operations and continues to raise adequate financing. However, management believes that the Company has sufficient working capital to meet its projected minimum financial obligations for the next fiscal year. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

Consolidation

The ~~unaudited condensed~~ consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. ~~Subsidiaries~~ Subsidiaries are the entities controlled by the Company. All inter-company transactions and balances between the Company and its ~~subsidiaries~~ subsidiaries have been eliminated upon consolidation.

The subsidiaries are consolidated from the date on which control is transferred to the Company and will cease to be consolidated from the date on which control is transferred out of the Company.

Details of the Company’s subsidiaries are as follows:

Name	Date of incorporation or acquisition	Location	Ownership			Principal activities
OneWorld Hotel Destination Service Inc. (“OneWorld”)	October 31, 2008	Vancouver, Canada		100	%	Hotel booking
Globalink (Xuzhou) Bio-Technology Co., Ltd. (“Globalink Xuzhou”)	May 22, 2014	Pizhou City, Jiangsu Province, China		100	%	Gingko cultivation
Globalink (Zhejiang) Bio-Technology Co. Ltd. (“Globalink Zhejiang”)	October 13, 2015	Ningbo City, Jiangsu Province, China		100	%	Bio-technology research and development

Use of estimates

The preparation of consolidated financial statements in conformity with US GAAP requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets, liabilities and provisions, income and expenses and the disclosure of contingent assets and liabilities at the date of these financial statements. Estimates are used for, but not limited to, the selection of the useful lives of fixed assets, ~~provision necessary for contingent liabilities,~~ allowance for doubtful debt associated with accounts receivable, fair values, revenue recognition, and taxes. Management believes that the estimates utilized in preparing its consolidated financial statements are reasonable and prudent. Actual results may differ from these estimates.

Foreign currency translation

Functional and presentation currency

Items included in the financial statements of each of the Company’s subsidiaries are measured using the currency of the primary economic environment in which the subsidiary operates (“the functional currency”), which is the Chinese Renminbi (“RMB”) for Globalink Xuzhou and Globalink Zhejiang, and the Canadian dollar (“CAD”) for ~~OneWorld~~Oneworld. The ~~unaudited condensed~~ consolidated financial ~~statements~~ statements are presented in United States dollar (“USD”), which is the functional currency of the parent company. The operating subsidiaries’ financial statements are prepared in its respective functional currencies before translating to the presentation currency which is the USD. The Company ~~uses~~translates ~~the current rate method for translating the financial statements to the reporting currency. Under this method,~~ items in the statement of operations ~~are~~and ~~translated~~comprehensive ~~into~~income (loss) ~~the presentation currency~~ using the average exchange rate for the year. Assets and liabilities are translated at the year-end rate. All resulting exchange differences are reported as a separate component of other comprehensive income (loss).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuations where items are re-measured. Foreign exchange gains and losses resulting from settlement of such transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in ~~the~~ profit or loss inas a “foreign exchange (gain) loss”.

Growing crops

Gingko trees are valued at historical cost, which include all cultivation costs incurred for planting, growing and maintaining the gingko trees during a year other than the harvest season that lasts about 2 months. The cultivation costs include costs of land lease, equipment lease, equipment amortization, labour, consulting, fertilizer, materials and supplies, and other direct growing costs.

At the end of each reporting period, the Company reviews the carrying amounts of the growing crops to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). A reliable market price is usually available for mature gingko trees in China. Under certain circumstances, when a reliable market price is not available, the fair value of the growing crops is measured using the discounted expected future cash flow method. Under this method, expected future revenues less costs to complete and harvest is discounted to present value.

The growing crops will be amortized using the straight-line method over an estimated useful life of 5 years. The Company intends to sell all of the gingko trees after 5 years and replant seedlings in order to optimize the effective ingredients in leaves harvested from younger trees.

Inventories

Inventories are valued at the lower of cost (determined on a weighted average basis) and market value. Inventories as of March 31, 2016 consist of fertilizers. Inventories as of December 31, 2015 mainly consisted of gingko seeds which were planted in field in March 2016. The Company reviews its inventories regularly for possible obsolete goods and establishes reserves when determined necessary.

Accounts receivable

Trade receivables are carried at original invoice amount. Accounts receivable are written off to bad debt expense using the direct write-off method. Receivables past due for more than 120 days are considered delinquent. Management determines uncollectible accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions and by using historical experience applied to an aging of accounts. Recoveries of trade receivables previously written off are recorded when received.

Fixed assets

~~Furniture,~~Fixed ~~fixtures~~assets ~~and equipment~~ are recorded at cost less accumulated amortization. Amortization isof ~~computed~~fixed ~~using~~assets ~~the declining balance method, other than leasehold improvements which~~ is ~~computed~~calculated using the straight -line method over the ~~lease~~estimated ~~term.~~useful ~~Estimated~~lives ~~rates~~ of ~~amortization~~the ~~are~~assets as follows:

Computer equipment	~~Computer~~3 ~~equipment~~years	~~30%, declining balance~~
	Furniture and equipment	20%, declining balance
Lab equipment	3 years
Office furniture and fixtures	5 years
Storage	5 years
Agricultural machinery	4 years
Infrastructure	10 years

10Fair value

~~Fair~~The ~~Value~~Company measures fair value in accordance with accounting guidance that defines fair value, provides guidance for measuring fair value and requires certain disclosures. The guidance also discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

~~The Company~~– ~~measures~~Level ~~fair~~1: ~~values~~Observable ininputs ~~accordance~~such ~~with~~as ~~accounting~~quoted ~~guidance~~prices ~~that~~(unadjusted) ~~defines~~in ~~fair~~active ~~value,~~markets ~~provides~~that ~~guidance~~are ~~for~~accessible ~~measuring~~at ~~fair value~~the ~~and~~measurement ~~requires~~date ~~certain~~for ~~disclosures.~~identical, ~~The~~unrestricted ~~guidance~~assets ~~also~~or ~~discusses~~liabilities. ~~valuation~~– ~~techniques,~~Level ~~such~~2: asInputs ~~the~~other ~~market~~than ~~approach~~quoted ~~(comparable market~~ prices), ~~the~~that ~~income~~are ~~approach~~observable ~~(present~~for ~~value~~the ofasset ~~future income~~ or ~~cash~~liability, ~~flow)~~either ~~and~~directly ~~the~~or ~~cost~~indirectly. ~~approach~~These ~~(cost~~include toquoted ~~replace~~prices ~~the~~for ~~service capacity~~similar ofassets ~~an asset~~ or ~~replacement~~liabilities ~~cost).~~in ~~The~~active ~~guidance~~markets ~~establishes~~and aquoted ~~fair~~prices ~~value~~for ~~hierarchy~~identical ~~that~~or ~~prioritizes~~similar ~~the~~assets ~~inputs~~or toliabilities ~~valuation techniques~~in ~~used~~markets tothat ~~measure~~are ~~fair~~not ~~value~~active. ~~into~~– ~~three~~Level ~~broad~~3: ~~levels.~~Unobservable ~~The~~inputs ~~following~~that isreflect athe ~~brief~~reporting ~~description~~entity’s ofown ~~those three levels:~~assumptions.

~~- Level 1: Observable inputs such as quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.~~11

- Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

- Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

The inputs used in the fair value measurement should be from the highest level available. In instances where the measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level input that is significant to the fair value measurement in its entirety.

As at ~~September~~March 3031, ~~2015~~2016, the Company’s financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, amounts due to related parties, loan payable to related party and other current liabilities. Cash isand cash equivalents are measured at fair value using Level 1 inputs. With the exception of cash and cash equivalents, all financial instruments held by the Company are measured at amortized cost. The fair values of these financial instruments ~~approximate~~ approximate their carrying value due to their short-term maturities.

Goodwill

The Company recognizes goodwill in accordance with ASC 805 “Business ~~Combination~~Combinations”. Goodwill represents the excess of ~~the~~ the purchase price over the fair value of assets acquired and liabilities assumed, if any. The goodwill impairment test compares ~~the~~ the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit would be considered impaired. To measure the amount of the impairment loss, the implied fair value of a reporting unit's goodwill is compared to the carrying amount of that goodwill. If the carrying amount of a reporting unit's goodwill exceeds the implied fair value of that goodwill, an impairment loss is indicated. The Company concluded that there were no indicators of impairment with respect to the Company's goodwill as of ~~September~~March ~~30, 2015 and December~~ 31, ~~2014~~2016.

11Impairment reviews for long-lived assets

Impairment Reviews for Long-Lived Assets

Long-lived assets such as property, equipment and goodwill are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable. When required impairment losses on assets to be held and used are recognized based on the fair value of the asset. The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required. If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets. The Company did not recognize any impairment losses for any periods presented.

Revenue Recognition

The Company recognizes revenue once the service is rendered and all the significant risks and rewards of the service have been transferred to the customer. As a result, revenue from hotel booking services are recognized when customers check in to the hotels. Amounts received from customers for services not yet rendered are included in other current liabilities as unearned revenue.

In accordance with the ASC 605 “Revenue Recognition”, the Company reports its revenue as an agent, on the net amount retained, which is the amount billed to a customer less the amount paid to a hotel.

Income Taxes

The Company accounts for income taxes following the assets and liability method in accordance with the ASC 740 “Income Taxes.” Under such method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The Company applies the accounting guidance issued to address the accounting for uncertain tax positions. This guidance clarifies the accounting for income taxes, by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements as well as provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years that the asset is expected to be recovered or the liability settled.

~~Earnings~~Revenue ~~(Loss)~~recognition ~~per Common Share~~

~~Basic~~The ~~earnings~~Company ~~(loss)~~recognizes ~~per~~revenue ~~common~~from ~~share~~its ishotel ~~determined~~booking byservices ~~dividing~~once ~~earnings (loss) by~~ the ~~weighted~~service ~~average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share~~ is ~~determined~~rendered byand ~~dividing~~all ~~earnings (loss) by~~ the ~~diluted~~ ~~weighted~~significant ~~average~~risks ~~number~~and rewards of ~~shares outstanding. Diluted weighted average number of shares reflects~~ the ~~dilutive~~service ~~equity instruments,~~have ifbeen ~~any,~~transferred ofto ~~potentially dilutive common shares, such as stock options and warrants calculated using~~ the ~~treasury stock method~~customer. InAs ~~periods~~a ~~with reported net operating losses~~result, ~~all~~revenue ~~common~~from ~~stock~~hotel ~~options~~booking ~~and~~services ~~warrants~~ are ~~deemed~~recognized ~~anti-dilutive~~when ~~such that~~customers ~~basic~~check ~~net~~in ~~loss~~to ~~per~~the ~~share and diluted net loss per share are equal~~hotels. ~~The~~Amounts ~~6,000,000~~received ~~stock options outstanding as of September 30, 2015 were excluded~~ from ~~the~~customers ~~calculation~~for ofservices ~~diluted~~not ~~loss~~yet ~~per~~rendered ~~common~~are ~~share~~included ~~for~~in ~~the~~other ~~three~~current ~~and~~liabilities as ~~nine~~unearned ~~month period ended September 30, 2015~~revenue.

During the three months ended March 31, 2016 and 2015, all revenue was derived from hotel booking services.

Research and development

Research and development costs are expensed as incurred. The costs primarily consist of consulting fees paid to the technical team for development and improvement of gingko cultivation methods. Research and development costs for the three months ended March 31, 2016 and 2015 were $8,796 and $Nil, respectively, and are included in general and administrative expenses.

Income taxes

The Company accounts for income taxes following the asset and liability method in accordance with ASC 740 “Income Taxes.” Under such method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The Company applies the accounting guidance issued to address the accounting for uncertain tax positions. This guidance clarifies the accounting for income taxes, by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements as well as provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years that the asset is expected to be recovered or the liability settled.

Earnings (loss) per common share

Basic earnings (loss) per common share is determined by dividing earnings (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is determined by dividing earnings (loss) by the diluted weighted average number of shares outstanding. Diluted weighted average number of shares reflects the dilutive equity instruments, if any, of potentially dilutive common shares, such as stock options and warrants calculated using the treasury stock method. In periods with reported net operating losses, all common stock options and warrants are deemed anti-dilutive such that basic net loss per share and diluted net loss per share are equal. The 6,000,000 stock options outstanding as of March 31, 2016 were excluded from the calculation of diluted loss per common share for the three months ended March 31, 2016.

Stock-based compensation

The Company accounts for stock~~-based~~ ~~employee~~ compensation ~~plans~~with ~~under~~employees ~~the~~in ~~fair~~accordance ~~value~~with ~~recognition and measurement provisions of~~ ASC 718 “~~Stock~~ Compensation” ~~(ASC~~– ~~718).~~Stock ~~ASC 718 requires the recognition of compensation expense~~Compensation”, ~~using a fair-value based~~ ~~method,~~which ~~for~~recognizes ~~costs~~awards ~~related~~at tofair ~~all~~value ~~stock-based~~on ~~payments~~the ~~including~~date ~~stock~~of ~~options,~~grant ~~restricted stock units~~ and ~~shares~~recognition ~~issued~~of ~~under the Company’s employee stock purchase plan. Pursuant to ASC 718, stock-based~~ compensation ~~cost~~over isthe ~~measured~~service atperiod ~~the~~for ~~grant~~awards ~~date,~~expected ~~based~~to onvest. ~~the~~The fair value of ~~the~~stock ~~award,~~options ~~and~~ is ~~recognized~~determined asusing ~~expense over~~ the ~~requisite~~Black-Scholes ~~service~~Option ~~period~~Pricing Model.

The Company accounts for stock compensation arrangements with non-employees in accordance with ASC 505-50 “Stock-Based Transactions with Nonemployees””, which requires that such equity instruments are recorded at their fair value on the measurement date. The measurement of share-based compensation is subject to periodic adjustment as the underlying instruments vest. The fair value of stock options is estimated using the Black-Scholes Option Pricing Model and the compensation charges are amortized over the vesting period.

Segment reporting

~~FASB~~ ASC 280 “Segment Reporting” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.

As of ~~September~~March 3031, ~~2015~~2016, the Company is organized into ~~two~~three main business segments: hotel booking services, ~~and~~ gingko plantation cultivation and bio-technology research and development.

~~Recent Accounting Pronouncements~~ 14

InRecent ~~May~~accounting ~~2014,~~pronouncements the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard for contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. This guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early application is prohibited. The standard permits the use of either the retrospective or cumulative effect transition method. This guidance will be applicable to the Company at the beginning of its first quarter of fiscal year 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

13In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard for contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. This guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is prohibited. The standard permits the use of either the retrospective or cumulative effect transition method. This guidance will be applicable to the Company at the beginning of its first quarter of fiscal year 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

In August 2014, the FASB issued Accounting Standards Update 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessment of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements (or within one year after the date on which the financial statements are available to be issued, when applicable). Further, an entity must provide certain disclosures if there is substantial doubt about the entity’s ability to continue as a going concern. The requirement is effective for annual periods ending after December 15, 2016, and interim periods thereafter,. ~~early~~Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

3. ~~OTHER~~CASH AND ~~CURRENT~~CASH ~~ASSETS~~EQUIVALENTS

Cash of $366,204 (December 31, 2015 - $442,542) is held in China and is subject to local exchange control regulations. Chinese exchange control regulations provide for restrictions on exporting capital from China, other than through normal dividends. As at March 31, 2016, $15,502 (December 31, 2015 - $Nil) was held in a low-risk bank investment that can be withdrawn at any time.

4. OTHER CURRENT ASSETS

The items comprising the Company’s other current assets are summarized below:

	September 30, 2015		December 31, 2014
	March 31, 2016		December 31, 2015
	$		$
Deposits to hotels		2223,~~318~~338		2322,~~021~~564
Other deposits to suppliers		67,198		4,131
Prepaid investor relations fees		68,000		—
Credit card receivable		3,860		1,669
Deposits for lab equipment		26,121		25,949
Total other current assets		93,376		28,821
Deposits for construction work		43,109		—
Other deposits and receivables		62,979		30,693
Total other current assets		223,547		79,206

45. ~~ACCOUNTS RECEIVABLE~~INVENTORIES

~~Accounts~~The ~~receivables~~items ~~consist~~comprising ofthe ~~trade~~Company’s ~~receivables~~inventories ~~from~~are ~~travel~~summarized ~~agents. There was no allowance for doubtful accounts as at September 30, 2015 and December 31, 2014.~~below:

5. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

	March 31, 2016		December 31, 2015
	$		$
Gingko seeds		—		24,658
Fertilizer		1,352		555
Total inventories		1,352		25,213

6. ACCOUNTS RECEIVABLE

Accounts receivable consist of trade receivables from travel agents. There are no allowances for doubtful accounts recorded as at March 31, 2016 and December 31, 2015.

7. FIXED ASSETS

The item comprising the Company’s fixed assets are summarized below:

	March 31, 2016			December 31, 2015
	$			$
Computer equipment		7,230			26,903
Office furniture and fixtures		1,663			16,080
Agricultural machinery		47,569			44,879
Infrastructure		20,582			—
Lab equipment		1,109			1,109
Storage		1,102			1,102
		79,255			90,073
Less: accumulated amortization		(5,336	)		(35,671	)
		73,919			54,402

8. CONSTRUCTION IN PROGRESS

Construction in progress consists of direct costs of infrastructure construction at the Company’s gingko plantation including roads, fencing, security, electricity and an irrigation system. Capitalization of these costs will cease and the construction in progress will be transferred to fixed assets when all the activities necessary to prepare the assets for their intended use are substantially completed. No amortization will be recorded until construction is completed and the facilities are put into use.

9. GROWING CROPS

Growing crops consist of direct cultivation costs incurred for planting, growing and maintaining the gingko trees.

	Gingko trees		Grape vines		Total
	$		$		$
Balance, December 31, 2014		—		—		—
Acquisition of seeds or seedlings		—		1,078		1,078
Amortization of agricultural machinery		1,040		—		1,040
Land lease		113,931		—		113,931
Labour		804		—		804
Materials		2,945		—		2,945
Machine operation		3,879		—		3,879
Miscellaneous		3,178		—		3,178
Technical consultants		5,313		—		5,313
Balance, December 31, 2015		131,090		1,078		132,168
Acquisition of seeds or seedlings		24,857		—		24,857
Amortization of agricultural machinery		3,022		—		3,022
Fertilizer		69,899		—		69,899
Labour		3,645		324		3,969
Materials		2,600		185		2,785
Machine operation		9,128		—		9,128
Miscellaneous		2,487		—		2,487
Technical consultants		9,111		153		9,264
Balance, March 31, 2016		255,839		1,740		257,579

10. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities mainly consist of trade payables to hotels and travel service suppliers.

~~6. OTHER CURRENT LIABILITIES~~17

11. OTHER CURRENT LIABILITIES

The items comprising the Company’s other current liabilities are summarized below:

	September 30, 2015		December 31, 2014
	March 31, 2016		December 31, 2015
	$		$
Unearned revenue		2019,~~346~~310		7,~~881~~650
Taxes payable		~~10,070~~—		~~207~~1,655
Total other current liabilities		3019,~~416~~310		89,~~088~~305

1412. TRANSACTIONS WITH RELATED PARTIES

7During the three months ended March 31, 2016, the Company paid or accrued management fees of $9,000 (2015 - $9,000) to a company controlled by a director and Corporate Secretary and $6,000 (2015 - $6,000) to a company controlled by a director and Chief Financial Officer. ~~TRANSACTIONS~~As ~~WITH~~of ~~RELATED~~March ~~PARTIES~~31, 2016, $5,000 of accrued management fees was owing to them.

~~During~~In ~~the~~January ~~nine~~2016, ~~months~~the ~~ended~~Chief ~~September~~Executive ~~30,~~Officer ~~2015,~~of the Company ~~paid~~loaned oran ~~accrued~~amount ~~management fees~~ of $27232,~~000~~530 ~~(2014 - $Nil)~~ to aGlobalink ~~company~~Xuzhou. ~~controlled by~~The aloan ~~director~~is ~~and corporate secretary and $18,000 (2014~~ non- ~~$Nil) to a company controlled by a director and CFO. As of September~~interest 30bearing, ~~2015~~unsecured, ~~$5,000~~and ~~(December~~has ~~31,~~no ~~2014~~fixed -terms ~~$Nil)~~ of ~~the management fees were included in accounts payable and accrued liabilities~~repayment.

In On September 16, 2015, 5,250,000 stock options were granted to directors and officers with a total fair value of $260,439 at the date of grant, $3145,~~291~~389 of which was amortized and recorded in the statement of ~~comprehensive~~loss ~~income~~and (comprehensive loss) during the three ~~and nine~~ months ended ~~September~~March 3031, 2016 (2015 -$Nil).

813. SHAREHOLDERS’ EQUITY

Share capital

Authorized

- 500,000,000 common voting shares with a par value of $0.0002 per share.

Issued and outstanding

As of ~~September~~March 3031, ~~2015~~2016, the Company has 4345,585,000 shares (December 31, ~~2014~~2015 – 4243,~~485~~585,000) issued and outstanding.

During the ~~nine~~three months ended ~~September~~March 3031, ~~2015~~2016:

In ~~September~~February ~~2015~~2016, the Company issued 12,~~100~~000,000 common shares (valued at $80,000) pursuant to an ~~arm’s~~investor ~~length~~relations ~~party~~contract ~~for~~with a ~~total~~defined ~~proceeds~~term ofto ~~$110~~December 31,~~000~~ 2016.

~~During the year ended December 31, 2014:~~18

InDuring ~~June 2014,~~ the Company issued 12,000,000 common shares to two new directors for proceeds of $700,000. The Company also issued 200,000 common shares to an arm’s length party for $10,000 of share subscriptions received during the year ended December 31, ~~2012.~~2015:

In ~~August~~September ~~2014~~2015, the Company issued 1,~~500~~100,000 common shares to an arm’s length party for total proceeds of $~~150~~110,000 ($0.10 per share).

In December 2014, the Company issued 4,000,000 common shares to an arm’s length party for total proceeds of $200,000.

Stock options

The Company adopted a Stock Awards Plan under which it is authorized to grant options to directors, employees and consultants, to acquire up to 6,000,000 common shares. The exercise price of each option is based on the market price of the Company's stock for a period preceding the date of grant. The options can be granted for a maximum term of 5 years. ~~The~~and the vesting terms of the options are determined by the board of directors at the time of grant.

On September 16, 2015, 6,000,000 stock options were granted to directors, officers and consultants with an exercise price of $0.075 expiring on September 16, 2020, 10% of the options vest as of the grant date, with the remaining 90% vesting at a rate of 15% every six months thereafter. The Company uses the Black-Scholes Option Pricing Model to determine the fair value of options granted. The fair value of the stock options granted was $297,645 ($0.0496 per option), of which $51,873 was amortized and recorded and expensed during the three months ended March 31, 2016.

On September 16, 2015, 6,000,000 stock options were granted to directors, officers and consultants with an exercise price of $0.075 expiring on September 16, 2020, 10% vesting at the date of grant, with the remaining 90% vested at a rate of 15% every six months thereafter. The Company uses the Black-Scholes option pricing model to determine the fair value of options granted. The fair value of the stock options granted

was $297,645 ($0.0496 per option). $35,761 was amortized and recorded in the statement of comprehensive income (loss) during the three and nine months ended September 30, 2015.

The fair value of the stock options granted was determined using the following assumptions:

	Nine months ended September 30, 2015
	Year ended December 31, 2015
Risk free interest rate		1.44	%
Volatility		242.72	%
Expected life of options		5 years
Dividend rate		0	%
Expected forfeiture rate		0	%

Stock option transactions are summarized as follows:

		Number of Options		~~Weighted Average Exercise Price~~	Weighted Average Exercise Price		~~Aggregate Intrinsic Values~~		Aggregate Intrinsic Values
Balance, December 31, 2013 and 2014			-		-			-
	Balance, December 31, 2014		—		$	—			$	—
	Granted		6,000,000	$	~~0.075~~	0.075	$	~~0.75~~
	Balance, at September 30, 2015		6,000,000	$	0.075		$	—
	Balance, at December 31, 2015 and March 31, 2016		6,000,000		$	0.075			$	—
	Exercisable, September 30, 2015		600,000	$	0.075		$	—
	Exercisable, at December 31, 2015 and March 31, 2016		600,000		$	0.075			$	—

~~As at September 30, 2015, the following incentive stock options are outstanding:~~19

As at March 31, 2016, the following incentive stock options are outstanding:

Number

of Options

Exercise

Price

Expiry Date

6,000,000

0.075

September 16, 2020

1614. REVENUE

9The Company reports its revenue as an agent on a net basis. The following table shows the gross amount the Company received from customers ~~REVENUE~~and the booking costs during the three months ended March 31, 2016 and 2015:

The Company reports its revenue as an agent on a net basis. The following table shows the gross amount the Company received from customers and the booking costs during the nine months ended September 30, 2015 and 2014:

For the period ended	March 31, 2016			March 31, 2015
	$			$
Gross amount received		348,621			515,874
Costs		(315,525	)		(443,953	)
Revenue		33,096			71,921

For the nine months ended:	September 30, 2015			September 30, 2014
	$			$
Gross amount received		2,163,953			2,493,682
Costs		(1,904,419	)		(2,224,136	)
Revenue		259,534			269,546

15. COMMITMENT

~~10.~~Research ~~SEGMENTED~~and ~~INFORMATION~~development agreement

~~Before~~The ~~September~~Company ~~2015,~~entered into a Technology Development Service Agreement (the ~~Company~~“Technology ~~operated~~Agreement”) in ~~one~~January ~~business~~2016 ~~segment,~~with Zhejiang ~~which~~Pharmaceutical isCollege ~~hotel~~(the ~~booking~~“College”) ~~services~~with a term of 3 years. ~~Accordingly~~Pursuant to the Technology Agreement, the College ~~Company~~will ~~did~~conduct ~~not~~research and development on induction of callus of gingko leaves and extraction, and identification of flavone ~~have~~and ~~separately~~lactone ~~reportable~~therefrom ~~segments.~~on Inthe ~~September~~Company’s ~~2015~~behalf. As consideration, the Company ~~started~~shall topay ~~develop~~the aCollege ~~gingko~~an ~~plantation~~annual ~~cultivation~~research ~~business~~fee of RMB100,000 ($15,400) (RMB100,000 paid in ~~China~~March 2016) and monthly consulting fees to professors and staff.

~~Management~~Farmland oflease ~~the Company determined that as of September 30, 2015, the Company is organized into two main business segments: hotel booking services and gingko plantation cultivation.~~agreements

The ~~table~~Company ~~below~~leased ~~provides~~about ~~information~~100 ~~regarding~~acres ~~operating~~of farmland in Pizhou City, ~~revenues~~Jiangsu ~~and~~Province, ~~fixed~~China ~~assets~~from ~~for~~local ~~the~~individual ~~nine~~farmers ~~months~~for ~~ended~~a ~~September~~period from ~~30,~~October 2015: to August 2027. The lease fees may be renegotiated.

			Hotel booking				Gingko plantation
Year				2016				2017		2018		2019		2020-2027
Revenue		$	259,534			$	—
	Amount				114,000				114,000		114,000		114,000		912,000
Operating loss		$	(85,950	)		$	(14,053	)
Fixed assets		$	3,531			$	6,915

~~11. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS~~20

~~There~~16. ~~were~~ SUPPLEMENTAL noDISCLOSURE ~~significant~~WITH ~~non-cash~~RESPECT ~~transaction~~TO ~~during~~CASH ~~the nine months ended September 30, 2015.~~FLOWS

During the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2016, the Company ~~issued~~had ~~200,000 common shares to an arm’s length party for $10,000 of share subscriptions received in advance during~~ the ~~year~~following ~~ended~~non-cash ~~December 31, 2012.~~transactions:

17a) transferred $20,582 of completed work from construction in progress to fixed assets;

b) transferred $24,857 of gingko seeds from inventories to growing crops after completing seeding in March 2016;

c) included $3,022 of amortization of agricultural machinery into growing crops;

d) issued 2,000,000 common shares (valued at $80,000) pursuant to an investor relations contract; and

e) included $24,029 of construction in progress in accounts payable and accrued liabilities at March 31, 2016.

There were no significant non-cash transactions during the three months ended March 31, 2015.

17. SEGMENTED INFORMATION

The Company formerly operated in one business segment: hotel booking services. Accordingly, the Company did not have separately reportable segments in previous periods. In September 2015, the Company started to develop a gingko plantation cultivation business in China. In October 2015, the Company incorporated Globalink Zhejiang, whose business is to research and develop technologies in relation to gingko trees and other economic plants.

As of March 31, 2016, management of the Company has determined that the Company is organized into three main business segments: hotel booking services, gingko plantation cultivation and bio-technology research and development.

The table below provides information regarding the Company’s identified segments for the three months ended March 31, 2016:

	Hotel booking			Gingko plantation			Research and development			Totals
Revenue	$	33,096		$	—		$	—		$	33,096
Operating loss	$	(14,353	)	$	(144,574	)	$	(26,905	)	$	(185,832	)
Fixed assets	$	—		$	72,037		$	1,882		$	73,919
Construction in progress	$	—		$	86,159		$	—		$	86,159
Growing crops	$	—		$	257,579		$	—		$	257,579

18. SUBSEQUENT EVENTS

On May 13, 2016, the Company filed Form S-1 with the Securities and Exchange Committee (“SEC”), pursuant to which the Company intends to offer a maximum of 20,000,000 common shares at a price of $0.25 per share for a maximum gross proceeds of $5,000,000 on a best efforts basis.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Certain information included in this discussion may constitute forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements. These statements relate to future events or the Company’s future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to agricultural and travel business industries. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, that the Company can access financing, appropriate equipment and sufficient labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements.

Business Overview

~~Gingko~~Hotel ~~plantation cultivation and development~~booking

InDuring ~~2014~~2008, awe ~~group~~started ofgenerating ~~new~~revenue ~~Chinese~~upon ~~investors~~completion ~~joined~~of ~~us who brought to~~ the ~~Company~~acquisition ~~over $1 million in capital and also a lot~~ of ~~good business~~OneWorld ~~projects~~Hotel ~~and~~Destination ~~opportunities~~Services, ~~from China~~Inc. ~~From~~We acquired all ~~the~~of ~~business projects available, we chose~~ the ~~gingko~~common ~~extract~~shares ~~product project~~of ~~which~~OneWorld ~~will~~for ~~expand~~2,000,000 ~~into~~common ~~other~~shares ~~herbal~~and ~~health/nutrition~~a ~~products~~promissory note in the ~~future.~~amount Weof ~~chose the project not only because its high return~~$150,000. ~~but~~In ~~also because~~ addition, we ~~believe~~are ~~health~~seeking ~~industry~~to isexpand aour ~~fast~~revenue ~~growing~~base ~~industry~~by inadding ~~China,~~new customers and weincreasing ~~have~~our ~~strong~~marketing ~~technical~~ and ~~marketing~~ ~~strength in this area~~advertising.

~~Ginkgo~~One ~~has~~World ~~been~~currently ~~used~~generates ~~for~~sufficient ~~medicinal~~cash ~~purposes~~flow ~~for~~to ~~almost~~maintain ~~5,000~~its ~~years.~~own Indaily ~~Chinese~~operations. ~~traditional medicine~~However, itin isorder ~~used~~ to ~~treat~~realize ~~asthma,~~effective ~~bronchitis,~~marketing and ~~various~~promotion, ~~brain~~the ~~disorders.~~registrant Inwill ~~Asia,~~need ~~ginkgo~~to ~~tree~~raise ~~seeds~~additional ~~are~~capital ~~used~~through tothe ~~aid~~sale ~~digestion~~of ~~and~~capital tostock ~~reduce~~in the ~~intoxicating~~future. ~~effects~~The ofuse ~~alcohol.~~of Infunds ~~Europe~~would ~~and~~be ~~North~~rationed ~~America,~~for ~~ginkgo~~marketing ~~extract~~and ispromotion ~~used~~purposes, ~~for~~expansion ~~the treatment~~ of ~~circulatory~~the ~~problems,~~OneWorld ~~immune~~operation ~~system dysfunction~~ and ~~cognitive disorders,~~working ~~including~~capital ~~memory loss~~needs.

Globalink Xuzhou will be involved in the business of biological science and technology research, biological technology popularization service, and fruit and vegetable distribution. Currently, Globalink Xuzhou is focused on developing health supplement products from the extract of gingko leaves.

In October 2015, Golablink Xuzhou finished acquiring the right of use of 100 acres of farm land, and started to clean up and prepare the land. Our plantation is located at Pizhou, the hometown of gingko biloba growing in China. Pizhou has a long history of gingko cultivation in China and is the largest of the top four gingko cultivation areas in China. We also finished acquiring approximately 60 tons of gingko seeds which will be planted before next March. All infrastructure work is in process, hydro and irrigation, road construction, storage rooms, fence and security, etc. We anticipate our plantation will start producing quality raw gingko leaves in 2016 and start to generate revenue by selling dried gingko leaves.

Hotel booking service

During 2008, we started generating revenue upon completion of the acquisition of OneWorld Hotel Destination Services, Inc. We acquired all of the common shares of OneWorld for 2,000,000 common shares and a promissory note. In addition, we are seeking to expand our revenue base by adding new customers and increasing our marketing and advertising.

Due to the recession in 2009, the Company halted the plan to raise extra capital which is for the completion of the online hotel room reservation web site and the expansion of the Hotel booking business. The Company decided to allocate the majority of cash flows to maintain the operations of One World because of the recession in 2009. The officers and directors also agreed not to receive cash compensation for their management work in the Company including the continuation of the development of the website in-house by the directors, the defraying of marketing, promotion and travel.

While the economy is gradually recovering today, OneWorld currently generates sufficient cash flow to maintain its own daily operation. However, in order to realize effective marketing and promotion, the Company will need to raise the addition capital through the sale of capital stock in the future. The use of funds would be rationed for marketing and promotion purposes, expansion of the OneWorld operation and working capital needs.

There are several known trends that are reasonably likely to have a material effect on our net sales or revenues alongside our income from continuing operations and profitability.

We expect to experience significant fluctuations in our future operating results due to a variety of factors, many of which are outside our control. Factors that may adversely affect our quarterly operating results include but are not limited to:22

-We expect ~~Our~~to ~~ability~~experience significant fluctuations in our future operating results due to ~~develop~~a ~~and~~variety ~~complete~~of ~~the~~factors, ~~hotel~~many ~~booking~~of ~~website;~~which are outside our control. Factors that may adversely affect our operating results include but are not limited to:

-– Our ability to ~~attract~~develop ~~customers~~and tocomplete ~~use~~the ~~our~~hotel ~~web~~booking ~~site and maintain user satisfaction~~website;

-– Our ability to attract ~~hotel~~customers ~~suppliers~~ to ~~provide~~use ~~their~~our ~~hotel~~website ~~rooms~~and inmaintain ~~our~~user ~~web site~~satisfaction;

-– Our ability to ~~hire~~attract ~~and~~hotel ~~train~~suppliers ~~qualified~~to ~~personnel~~provide their hotel rooms in our website;

-– Our ability to ~~resolve~~hire ~~any technical difficulties~~ and ~~system~~train ~~downtime~~qualified ~~or Internet disconnection~~personnel;

-– ~~Governmental~~Our ~~regulations~~ability onto ~~use~~resolve ofany ~~the~~technical ~~Internet~~difficulties asand asystem ~~tool~~downtime toor ~~conduct~~internet ~~business transaction.~~disconnection;

-– ~~Change~~Governmental ofregulations ~~customer’s~~on ~~acceptance to~~ use ~~the~~of Internet as a tool to ~~book~~conduct ~~hotel~~business ~~rooms.~~transaction; and

–

Change of customer’s acceptance to use Internet to book hotel rooms.

We may also incur losses for the foreseeable future due to costs and expenses related to:

-– The implementation of our hotel booking ~~web~~website ~~site~~ business model;

-– Marketing and other promotional activities;

-– Competition;

-– The continued development of our website;

-– High ~~cost~~costs to maintain the hotel booking ~~web~~website; ~~site,~~ and

-– Hiring and training new staff for customer services.

We cannot be sure that we will be successful in addressing these risks and uncertainties and our failure to do so could have a materially adverse effect on our financial condition. In addition, our operating results are dependent to a large degree upon factors outside of our control. There are no assurances that we will be successful in addressing these risks, and failure to do so may adversely affect our business.

Gingko plantation, and related research and development

Ginkgo is a fundamental ingredient in traditional Chinese medicine, or TCM, and is administered both as a tea and by way of tablets comprised of the active chemical constituents that have been extracted from dried leaves and concentrated. TCM posits that Ginkgo is imbued with healing qualities and is prescribed by TCM healers to address a wide range of ailments. Over the last several decades, tablets or pills manufactured from the extract of ginkgo leaves have proliferated across Europe and North America where ginkgo is becoming widely accepted as an herbal remedy for a variety of health conditions, principally memory loss and dementia. Ginkgo leaf extract is used in medicine due to its therapeutic actions in regulating cerebral blood flow, protection against free radicals, and delaying the progress of dementia and diabetes.

Our ginkgo tree plantation will deploy the latest scientific and technical practices available to us throughout the growth and processing cycle to maximize output of high- quality dried ginkgo leaves. We will incorporate European-style good agricultural practices, or GAP, throughout all phases of the growing, processing and distribution

process and will seek to integrate our customer’s good agricultural practices into our processes and procedures so that buyers will have confidence that the product they purchase from us satisfies their standards. For example, we will provide to our clients reference data that we gather from the soil in which we grow the trees and the leaves we harvest, including information relating to the content of the active ingredients in ginkgo and the indicators of heavy metal, pesticide residues, moisture and microbes on the leaves in that batch, among other information. We believe that we will be among the only independent ginkgo growers in China to employ these practices in our operations and that customers will value our transparency as they seek to satisfy stringent requirements with respect to the quality of the products they sell.

We currently lease approximately 100 acres of land from the local government at which we are establishing a study plot to implement GAP and the other technical agricultural and administrative practices we intend to implement on our plantation. We will engage local farmers who will plant, maintain and harvest leaves at our plantation. We will use the study plot to demonstrate the effectiveness of our growing practices and the uniform quality of our products to our clients.

We have commenced seed planting in March 2016 and expect to generate revenue from sales of dried gingko leaves in this fall.

Over the next five years, we will acquire control over additional lands by entering into land use agreements with the local government and third-party farmers and cooperatives. We will train our work force and the independent farmers from whom we lease land to farm under GAP and to integrate the other practices we implement. We believe that this model will provide us with significant flexibility to procure significant additional available parcels of quality acreage as our tree plantation grows.

On October 13, 2015, we incorporated a wholly-owned subsidiary, Globalink Zhejiang, in Ningbo city, Jiangsu Province, China. Globalink Zhejiang will be involved in research and development of cultivation, extracting, application of gingko and other economic plants.

In January 2016, Globalink Zhejiang entered into a research and development agreement with Zhejiang Pharmaceutical College. As per the agreement, Zhejiang Pharmaceutical College will do research on (1) developing culture medium that is fit for the formation of callus tissue of gingko leaves; (2) developing growth culture medium that is fit for subculture of callus tissue of gingko leaves, and at the same time, synthesizes the object product – gingko flavone and gingkolide; (3) optimizing the processes of extracting gingko flavone and gingkolide, in order to enhance yield.

We expect a summary of the research project by the end of fiscal year 2016 which may lead to a conclusion on whether we can apply the technology into a commercial production of gingko leaves in controlled lab environment.

Capital and Sources of Liquidity

Prior to the acquisition of OneWorld, all of Globalink’s operating capital had either been advanced by current shareholders or from proceeds for the issuance of common shares.

For the ~~nine~~three months ended ~~September~~March 3031, ~~2015~~2016, we incurred a net loss of $~~100~~185,~~003~~832. We had an increase in amortization of $35734,~~761~~ an increase in ~~non~~stock-~~cash~~based ~~expenses due~~compensation toof ~~stock~~$51,873, ~~based~~and ~~compensation~~an increase in shares issued for investor relations fees of $12,000. We had the following changes in non-cash working capital items: Wewe had an increase in accounts receivable of $4555,~~771~~790, ~~and~~ an increase in other current assets of $6474,~~813.~~006, ~~We had~~ an increase in accounts payable and accrued liabilities of $~~148~~108,~~576~~015 and amounts due to related parties of $5,000, and an increase in other current liabilities of $248,~~960~~845. As a result, we had total cash used in operating activities of $1129,~~230~~ 161 for the ~~nine~~three months ended ~~September~~March 3031, ~~2015~~2016.

For the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2015, we incurred a net loss of $2027,~~871~~833. We had the following changes in non-cash working capital items: Wewe had ana ~~increase~~decrease in accounts receivable of $65193,~~944~~595, ~~and~~ a decrease in other current assets of $34,~~380.~~003, ~~We had~~ an increase in accounts payable and accrued liabilities of $4081,~~286~~555, and an increase in other current liabilities of $68,~~217~~328. As a result, we had total cash used in operating activities of $36127,~~932~~542 for the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2015.

~~During the~~For ~~nine~~the three months ended ~~September~~March 3031, ~~2015~~2016, we ~~purchased~~spent $2,691 for the acquisition of fixed assets, of$996 for inventories, $669,~~915,~~495 ~~resulting~~for the construction in ~~net~~progress, and $125,411 for growing crops. As a result, we had total cash used in investing activities of $6198,~~915~~ 593 for the ~~period~~three months ended March 31, 2016. We did not pursue any investing activities during the three months ended March 31, 2015.

~~During the~~For ~~nine~~the three months ended ~~September~~March 3031, ~~2014~~2016, we ~~purchased~~received ~~fixed~~$232,530 ~~assets~~as ofloan $1proceeds from a related party. As a result,~~500,~~ ~~resulting~~we inhad ~~net~~total cash provided ~~used~~by infinancing ~~investing~~ activities of $1232,~~500~~530 for the period. We did not pursue any financing activities during the three months ended March 31, 2015.

During the nine months ended September 30, 2015, we received proceeds from share issuances of $110,000, resulting in net cash provided by financing activities of $110,000 for the period.

During the nine months ended September 30, 2014, we received proceeds from share issuances of $850,000. We received $100,000 from share subscription received in advance and repaid $31,646 of advances from shareholders. As a result, we had total cash provided by financing activities of $918,354 for the nine months ended September 30, 2014.

Results of Operations

For the three months ended ~~September~~March 3031, ~~2015~~2016, we ~~earned~~recorded revenues of $~~102~~33,~~790~~096. We paid or accrued accounting and legal fees of $800, amortization expenses of $36734,~~696~~ and director and management fees of $15,000. We had a foreign exchange gain of $~~887~~7,136, recognized investor relations expenses of $12,000, and paid ~~rent~~research and development expenses of $58,~~917~~796. We paid or accrued rent expenses of $9,093, salaries and benefits of $5987,~~290~~ 026, and stock -based compensation of $3551,~~761~~873. We paid or accrued telephone expenses of $12,~~650~~043, ~~and~~travel expenses of $10,747, transfer agent and filing ~~fee~~fees of $14,732, and other general and administrative expenses of $113,~~025~~220. As a result, we had a net loss of $185,832 for the three months ended March 31, 2016. We had a gain of $1,288 due to the exchange difference on translating foreign operations, resulting in a comprehensive loss of $184,544 for the three months ended March 31, 2016 Comparatively, for the three months ended March 31, 2015, we recorded revenues of $71,921. We paid ~~travel~~or accrued accounting and legal expenses of $9574,~~146~~ director and ~~other~~management ~~general~~fees of $15,000, and had ~~administrative~~a gain on foreign exchange of $594. We paid or accrued rent expenses of $105,~~381~~209, salaries and benefits of $52,342, and telephone expenses of $1,870. We paid ~~total~~or accrued travel expenses of $7,140, transfer agent and filing fees of $15,885, and other general and administrative expenses of $~~173~~2,~~979~~328. As a result, ~~resulting~~we inhad a net loss of $7127,~~189~~833 for the three months ended March 31, 2015. We had a ~~negative~~gain of $1,696 due to the exchange difference on translating foreign operations ~~of $1~~,~~664,~~ resulting in a comprehensive loss of $7226,~~853~~137 for the three months ended ~~September~~March 3031, 2015.

Comparatively, for the three months ended September 30, 2014, we earned revenues of $97,008. We paid accounting and legal expenses of $7,106 and had a foreign exchange gain of $6,329. We paid rent expenses of $5,120 and paid salaries and benefits of $66,596. We paid telephone expenses of $1,678 and transfer agent and filing fees of $1,885. We paid travel expenses of $5,809 and paid other general and administrative expenses of $6,783. We paid total general and administrative expenses of $88,648, resulting in net income of $8,360. We had a negative exchange difference on translating foreign operations of $571, resulting in comprehensive income of $7,789 for the three months ended September 30, 2014.25

20The $157,999 increase in net loss between the three months ended March 31, 2016 compared to the three months ended March 31, 2015 is due to increases in investor relations expenses, research and development costs, salaries and benefits, stock-based compensation and other general and administrative expenses. We recorded $38,825, or 53.9%, fewer revenues during the three months ended March 31, 2016 and paid or accrued $119,174, or 119.5%, more total general and administrative expenses during the three months ended March 31, 2016.

The $79,549 increase in net loss between the three months ended September 30, 2015 compared to the three months ended September 30, 2014 is due to an increase in management fees and stock based compensation during the three months ended September 30, 2015. In addition, we had an 80.63% increase in accounting and legal fees during the three months ended September 30, 2015 as a result of audit fees of the comparative period being recorded in second quarter instead of third quarter. As such, the accounting and legal fees for nine months ended September 30, 2015 and 2014 are comparable. We earned $5,782, or 5.62%, more in revenues and paid $7,306, or 10.97%, less in salaries and benefits during the three months ended September 30, 2015.

For the nine months ended September 30, 2015, we earned revenues of $259,534. We paid accounting and legal expenses of $39,304 and management fees of $45,000. We had a foreign exchange gain of $10,463 and paid rent expenses of $17,055. We paid salaries and benefits of $169,872 and paid stock based compensation of $35,761. We paid telephone expenses of $5,065 and transfer agent and filing fees of $17,875. We paid travel expenses of $17,122 and other general and administrative expenses of $22,946. We paid total general and administrative expenses of $359,537, resulting in a net loss of $100,003 for the period. We had a gain on the exchange difference on translating foreign operations of $116, resulting in a comprehensive loss of $99,887 for the nine months ended September 30, 2015.

Comparatively, for the nine months ended September 30, 2014, we earned revenues of $269,546. We paid accounting and legal fees of $39,224 and had a foreign exchange loss of $182. We paid rent expenses of $13,711 and salaries and benefits of $182,213. We paid telephone expenses of $4,863 and transfer agent and filing fees of $20,333. We paid travel expenses of $8,024 and paid other general and administrative expenses of $21,867. We paid total general and administrative expenses of $290,417, resulting in net loss of $20,871. We had a loss on the exchange difference on translating foreign operations of $75, resulting in comprehensive loss of $20,946 for the nine months ended September 30, 2014.

The $69,120, or 19.22%, increase in net loss between the nine months ended September 30, 2015 compared to the nine months ended September 30, 2014 is due to increased management fees and increased stock based compensation during the nine months ended September 30, 2015. We earned $10,012, or 3.71% fewer revenues, paid $3,344, or 19.61% more for rent, and paid $12,341, or 6.77% less for salaries and benefits for the nine months ended September 30, 2015.

The registrant has developed a proprietary online hotel booking program for connecting users with available rooms in hotels across the world. In order to gain the access to the hotels, the registrant acquired OneWorld Hotel Destination Service Inc in Vancouver, B.C. Canada on October 31, 2008. OneWorld Hotel Destination Service Inc is a hotel booking company which has established strong relationships with major hotel chains such as Radisson, Hilton and Sheraton. Its clients include travel agents in major cities such as Vancouver, Toronto, Calgary, and Montreal. After the acquisition the Company intends to put the OneWorld operations into the online platform.

Off-Balance Sheet Arrangements

The ~~Company~~ Company had no material off-balance sheet arrangements as of ~~September~~March 3031, ~~2015~~2016.

Contractual Obligations

~~The Company~~Research ~~had~~and nodevelopment ~~material contractual obligations as of September 30, 2015.~~agreement

The Company entered into a Technology Development Service Agreement (the “Technology Agreement”) in January 2016 with Zhejiang Pharmaceutical College (the “College”) with a term of 3 years. Pursuant to the Technology Agreement, the College will conduct research and development on induction of callus of gingko leaves and extraction, and identification of flavone and lactone therefrom on the Company’s behalf. As consideration, the Company shall pay the College an annual research fee of RMB100,000 ($15,400) (RMB100,000 paid in March 2016) and monthly consulting fees to professors and staff.

Farmland lease agreements

The Company leased about 100 acres of farmland in Pizhou City, Jiangsu Province, China from local individual farmers for a period from October 2015 to August 2027. The lease fees may be renegotiated.

Year				2016				2017				2018				2019				2020-2027
	Amount				114,000				114,000				114,000				114,000				912,000

New Accounting Pronouncements

The ~~Company~~ Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, ~~including~~did ~~those~~ not ~~yet~~ ~~effective, is not anticipated to~~ have a material effect on the financial position or results of operations of the Company.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable for smaller reporting companies.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures:

We maintain disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to insure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, or the persons performing similar functions, to allow timely decisions regarding required disclosure.

Under the supervision and with the participation of our CEO and CFO, or the persons performing similar functions, our management has evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this quarterly report. Based on that evaluation, our CEO and CFO, or the persons performing similar functions, concluded that our disclosure controls and procedures were not effective as of ~~September~~March 3031, ~~2015~~2016.

Evaluation of Changes in Internal Control over Financial Reporting:

Under the supervision and with the participation of our CEO and CFO, or those persons performing similar functions, our management has evaluated changes in our internal controls over financial reporting that occurred during the three months ended ~~September~~March 3031, ~~2015.~~ 2016. Based on that evaluation, our CEO and CFO, or those persons performing similar functions, did not identify any change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Not applicable for smaller reporting companies

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

OnIn ~~September~~February 82016, ~~2015,~~ the ~~registrant~~Company issued 12,~~100~~000,000 ~~restricted~~ common shares (valued at $80,000) pursuant to ~~Yuan~~an ~~Chao~~investor ~~Zhao~~relations ~~for~~contract ~~$110~~with a defined term to December 31,~~000~~ 2016. These shares are exempt from registration under Section 4(a)(2) of the Securities Act. Yuan Chao Zhao is a sophisticated investor, has access to the type of information normally provided in a prospectus for a registered securities offering, and has agreed not to resell or distribute the securities to the public.

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures

Not applicable

Item 5. Other Information

None

Item 6. Exhibits

Exhibit 31*	~~Exhibit~~Certifications 31*pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	~~Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002~~
Exhibit 32*	~~Exhibit~~Certifications 32*pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	~~Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002~~
101.INS**	101.INS**XBRL Instance Document	~~XBRL Instance Document~~
101.SCH**	101.SCH**XBRL Taxonomy Extension Schema Document	~~XBRL Taxonomy Extension Schema Document~~
101.CAL**	101.CAL**XBRL Taxonomy Extension Calculation Linkbase Document	~~XBRL Taxonomy Extension Calculation Linkbase Document~~
101.DEF**	101.DEF**XBRL Taxonomy Extension Definition Linkbase Document	~~XBRL Taxonomy Extension Definition Linkbase Document~~
101.LAB**	101.LAB**XBRL Taxonomy Extension Label Linkbase Document	~~XBRL Taxonomy Extension Label Linkbase Document~~
101.PRE**	101.PRE**XBRL Taxonomy Extension Presentation Linkbase Document	~~XBRL Taxonomy Extension Presentation Linkbase Document~~
*Filed herewith
**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.

* Filed herewith28

**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.

SIGNATURES

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

Dated: November 13, 2015		GLOBALINK, LTD.
GLOBALINK, LTD.
By:	~~By:~~/s/ Hin Kwok Sheung	~~/s/ Hin Kwok Sheung~~	Dated: May 16, 2016
Hin Kwok Sheung		~~Hin Kwok Sheung~~
Chief Executive Officer		~~Chief Executive Officer~~
By:	~~By:~~/s/ Ke Feng (Andrea) Yuan	~~/s/ Ke Feng (Andrea) Yuan~~	Dated: May 16, 2016
		Ke Feng (Andrea) Yean
Ke Feng (Andrea) Yuan
Chief Financial Officer		~~Chief Financial Officer~~

2429

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