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 December 31, 2024

 Commission File No. 000-56275

 GOLDENWELL BIOTECH, INC.

 (Exact name of registrant as specified in its charter)

 Nevada

 84-2896086

 (State or other jurisdiction of

 (I.R.S. Employer

 incorporation or organization)

 Identification No.)

 581 Boston Mills Road, Suite 300
 Hudson, Ohio 44236
 (Address of principal executive offices, zip code)

 ( 440) 666-7999
 (Registrant's telephone number, including area code)

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

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

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

 Common Stock, $.001 Par Value

 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 every Interactive Data File required to be submitted 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 such files). Yes No

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

 Large accelerated filer

 Accelerated filer

 Non-accelerated Filer

 Smaller reporting company

 Emerging growth company

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

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

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

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).

 At June 30, 2024, the last business day of the Registrant's most recently completed second fiscal quarter, the aggregate market value of the voting common stock held by non-affiliates of the Registrant (without admitting that any person whose shares are not included in such calculation is an affiliate) was approximately $ 9,600,000.

 As of April 16, 2025, there were 99,000,000 shares of the Registrant's common stock, par value $0.001 per share, outstanding.

 GOLDENWELL BIOTECH, INC.

 Page No.

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff Comments.

 Item 1C.

 Cybersecurity.

 Item 2.

 Properties.

 Item 3.

 Legal Proceedings.

 Item 4.

 Mine Safety Disclosures.

 Item 5.

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

 Item 6.

 [Reserved]

 Item 7.

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

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk.

 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.

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 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, and Director Independence.

 Item 14.

 Principal Accounting Fees and Services.

 Item 15.

 Exhibits and Financial Statement Schedules.

 Item 16.

 Form 10-K Summary.

 Signatures

 FORWARD-LOOKING STATEMENTS

 This Annual Report on Form 10-K of Goldenwell Biotech, Inc., a Nevada corporation (the "Company"), contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (i) commercialization of our technology and products, (ii) development and protection of our intellectual property, (iii) the Company's need for and ability to obtain additional financing, (iv) industry competition, (v) other factors over which we have little or no control; and (vi) other factors discussed in the Company's filings with the Securities and Exchange Commission ("SEC").

 Our management has included projections and estimates in this Form 10-K, which are based primarily on management's experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

 ITEM 1. BUSINESS

 DESCRIPTION OF BUSINESS

 DESCRIPTION OF BUSINESS

 Our Corporate History and Background

 Goldenwell Biotech, Inc. was incorporated on August 20, 2019. Our fiscal year end is December 31, and we have no subsidiaries. Our business offices are currently located at 581 Boston Mills Road, Suite 300, Hudson, Ohio 44236. We do not conduction operations and only receive mail at such location.

 Summary Financial Information

 The tables and information below are derived from our financial statements as of December 31, 2024.

 2024

 Financial Summary

 Cash and Cash Equivalents

 $
 49,404

 Total Assets

 224,192

 Total Liabilities

 271,433

 Total Stockholders' Equity

 $
 (47,241
)

 Exclusive Patent License Agreements

 Effective July 20, 2020, the Company entered into an Exclusive License Agreement with Australian Trefoil Health Technologies Pty Ltd (the "Australian Trefoil License Agreement"), pursuant to which the Company has licensed from Australian Trefoil the technology and packaging designs underlying the Sugar Master and DNA Repair products, and other products of the Company. The term of the Australian Trefoil License Agreement is for the term of the underlying patent and covers all territories in the world, except China, and the term expires on November 15, 2025. The Company paid consideration of $10.00 for entering into the Australian Trefoil License Agreement. Australian Trefoil Health Technologies Pty Ltd is controlled by Li Yang, a director of the Company.

 Additionally, effective July 20, 2020 the Company has entered into an Exclusive License Agreement, dated July 20, 2020, with Ji Lin JZY Biotech Inc. (the "JZY Biotech License Agreement"), pursuant to which the Company has licensed from JZY BioTech the technology the Company uses in its products. The term of the JZY BioTech License Agreement is for the term of the underlying patent and covers all territories in the world, except China, and the term expires on January 11, 2035. The Company paid consideration of $10.00 for entering into the JZY Biotech License Agreement. Ji Lin JZY Biotech Inc. is controlled by Shang Liu, our President and Chief Executive Officer and a director of the Company.

 Status of Production

 Each of our 5 products discussed below have been completed the following stages:

 We have concluded our initial marketing analysis, including an analysis of our competition and development of marketing strategies.

 We have concluded our research and development, including making a raw materials selection, making products formulations, concluding lab testing, and concluding quality assurance and quality control studies.

 We have concluded the parts of production, including the production process, producing technology optimization, selection equipment for production; selecting sources of raw materials supplies.

 which includes locating a site, installing a workshop and setting up equipment. No special equipment needs to be engineered or produced. All needed equipment is presently available from existing manufacturers. Second, our workforce will need to be trained, however, no specialized education or experience is needed by labor we intend to hire.

 Goldenwell Products

 Category I Polypeptide Freeze-dried Powder

 1. JI MAI—Bovine Cardiac Vascular Active Peptide

 Figure 1 – packaging design for Ji Mai Cardiac Vascular Active Peptide

 The vascular endothelial cells exist vascular wall of bovine have a complex enzyme system, which can synthesize and secrete a variety of bioactive substances, as well as tissue fibrinogen and prostacyclin, endothelin (which has a strong vasoconstrictive effect, also known as endothelium contraction factor), and vascular skin cell relaxation factor which has vasodilated effect.

 Bovine cardiac vascular active peptide is a protein peptide of vascular homology (amino acid type and its sequence) which made from healthy and fresh bovine cardiac vascular tissues as raw materials. It is made in a closed environment at low temperature using medical freeze-dried equipment and is processed through biological enzymolysis, enzyme digestion, separation, purification, ultrafiltration and other extraction process to structural polypeptide in a freeze-dried powder form. The molecular weight of the product is optimized via bioengineering for easy absorption by humans. There is no pigment, preservatives and other artificial additives in the product, and is suitable for all kinds of physical conditions of people to use.

 Biocompatibility (amino acid sequence and structure convergence of peptides) refers to the good matching degree between basic protein peptides and host cells and tissues. Whether it is the skeleton of new tissue before being absorbed, or it is absorbed and assimilated into the host to become a part of the host, it has good compatibility with the matrix of similar tissue, and becomes a part of the normal physiological function of cells and tissues.

 2. Double Proline AG – 3D Active Collagen Peptide

 DPAG - Drinkable Cosmetics

 Figure 2 - packaging design for 3D Active Collagen Peptide

 There is a substance in human body called cathepsin K, which is slowly degrading collagen content of tissue while ageing. It will result that active collagen is gradually reduced and lost. The appearance of the body is the loss of elasticity, relaxation and relaxation of the body. The interior of the body is the decrease of the cell quantity and the collapse of the tissue.

 Sea cucumber, deer tendon, eel, fish maw, donkey skin all have significant common characteristics – gelatinous consistencies, which contains higher proline, hydroxyproline, arginine and glycine. In mammals, ox tendon has the highest content of collagen.

 80% of the human skin made by collagen; the molecular weight of collagen in glial food is 300000 daltons. The molecular size of the gliadin food is too large, it is very difficult for human digestive enzymes to decompose it, and its digestion and absorption rate is very limited.

 By using healthy and fresh bovine or ox tendon as raw materials, our DPAG product is made in a closed environment at low temperature using medical freeze-dried equipment and was processed through biological enzymolysis, enzyme digestion, separation, purification, ultrafiltration and other extraction process to structural polypeptide in a freeze-dried powder form. The molecular weight of the product is 1920da and is optimized via the bioengineering technical for easy absorption by humans. There is no pigment, preservatives and other artificial additives in the product.

 Our DPAG product is designed to be an easily absorbed bioactive collagen.

 3. Cartilage Peptide -- Type II collagen peptide

 Figure 3 - packaging design for Cartilage Peptide -- Type II collagen peptide

 In recent years, there are many collagen (peptide) products on the market, but they are basically raw materials for collagen production. Most of them come from fish skin and other raw materials.

 Type II collagen peptide is prepared from Bovine or Pig Cartilage bones by hot water extraction, and then it is enzymolyzed by neutral protease, protamex, acidic protease and pepsin, through purification, ultrafiltration and other extraction process to structural polypeptide in a freeze-dried powder form peptide with molecular weight of 8000 daltons.

 It mainly composed of type II collagen peptide from cartilage and bone; it has a higher content of bio calcium with collagen peptides acting as a dietary supplement.

 Category II Solid Tablets Products

 Figure 4 - packaging design for Se Plus

 Se Plus utilizes the stabilizing properties of the 21st amino acids and strong antioxidants as its primary makeup.

 Ingredients:

 L-Se-Methylselenocysteine (MSC)

 High Selenium Yeast

 L-Se-Methylselenocysteine (MSC) is a naturally occurring organoselenium compound found in many plants, including garlic, onions, and broccoli, with potential antioxidant and chemopreventive activities. Se-Methyl-seleno-L-cysteine (MSC) is an amino acid analogue of cysteine in which a methylselenium moiety replaces the sulphur atom of cysteine. This agent acts as an antioxidant when incorporated into glutathione peroxidase and has been shown to exhibit potent chemopreventive activity in animal models.

 Se Plus Target Audience:

 Middle-aged and elderly individuals.

 Individuals exposed to excessive pollution, such as atmospheric, food, or water pollution.

 Individuals who are selenium deficient due to various reasons.

 2. Sugar Master

 Figure 5 - packaging design for Sugar Master

 Our Sugar Master product is made utilizing low temperature extraction techniques to maximize the harvest of bio-actives of plant matter, which is optimized by our processing formula to ensure the best absorption as a dietary supplement.

 Main Active Ingredients Include:

 Natural herbal polypeptides, extracted using cryogenic techniques to ensure molecular activity;

 Concentrated and purified natural plant extracts; and

 High efficiency organic selenium complex.

 Two major components of bitter melon, namely charantin and momordicoside, may be destroyed during the process of extraction if high temperatures are used (60 C for 24 hours by heat drying). These components should therefore be extracted safely at low temperatures (5 C for 24 hours by freeze-drying or lyophilization).

 COMPETITION AND COMPETITIVE STRATEGY

 We expect that we will compete for members with traditional, offline consumer resources, and with online providers of consumer ratings, reviews and referrals on the basis of a number of factors, including breadth of our service provider listings, reliability of our content, breadth, depth and timeliness of information and strength and recognition of our brand.

 Intellectual Property

 We rely on a combination of trademark laws, trade secrets, confidentiality provisions and other contractual provisions to protect our proprietary rights, which are primarily our brand names, product designs and marks. We do not own any patents.

 Effective July 20, 2020, the Company entered into an Exclusive License Agreement with Australian Trefoil Health Technologies Pty Ltd (the "Australian Trefoil License Agreement"), pursuant to which the Company has licensed from Australian Trefoil the technology and packaging designs underlying the Sugar Master and DNA Repair products, and other products of the Company. The term of the Australian Trefoil License Agreement is for the term of the underlying patent and covers all territories in the world, except China, and the term expires on November 15, 2025. The Company paid consideration of $10.00 for entering into the Australian Trefoil License Agreement. Australian Trefoil Health Technologies Pty Ltd is controlled by Li Yang, a director of the Company.

 Additionally, effective July 20, 2020 the Company has entered into an Exclusive License Agreement, dated July 20, 2020, with Ji Lin JZY Biotech Inc. (the "JZY Biotech License Agreement"), pursuant to which the Company has licensed from JZY BioTech the technology the Company uses in its products. The term of the JZY BioTech License Agreement is for the term of the underlying patent and covers all territories in the world, except China, and the term expires on January 11, 2025. The Company paid consideration of $10.00 for entering into the JZY Biotech License Agreement. Ji Lin JZY Biotech Inc. is controlled by Shang Liu, our President and Chief Executive Officer and a director of the Company.

 Government Regulation and Approvals

 We are not aware of any governmental regulations or approvals required for any of our services or products. We do not believe that we are subject to any government regulations relating to the ownership and licensing of our intellectual property.

 Employees

 As of the date hereof, we have 3 non-employee officers, who operate our company.

 Description of Properties

 We have an address at 581 Boston Mills Road, Suite 300, Hudson, Ohio 44236. We do not conduction operations and only receive mail at such location. Our telephone number is (440) 666-7999. We do not own any real estate or other physical properties.

 Bankruptcy or Similar Proceedings

 We have never been subject to bankruptcy, receivership or any similar proceeding.

 ITEM 1A. RISK FACTORS

 As a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

 ITEM 1B. UNRESOLVED STAFF COMMENTS

 None.

 ITEM 1C. CYBERSECURITY

 Risk Management and Strategy

 We do not have any processes for assessing, identifying, and managing material risks from cybersecurity threats.

 Risks from Cybersecurity Threats

 To date, we have not yet experienced any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business, financial condition or results of operations.

 Governance

 Our board of directors (the "Board") is acutely aware of the critical nature of managing risks associated with cybersecurity threats given the significance of these threats to our operational integrity and stakeholder confidence.

 Board Oversight

 The Board has oversight of cybersecurity risks and bears the primary responsibility for this domain. The members of our Board do not have experience in enterprise risk management, compliance, corporate governance, technology, or finance to equipping them to oversee cybersecurity risks effectively.

 ITEM 2. PROPERTIES

 Our officers and directors work remotely, and we have an address of 581 Boston Mills Road, Suite 300, Hudson, Ohio 44236. We do not conduction operations and only receive mail at such location. We do not own any real estate or other physical properties.

 ITEM 3. LEGAL PROCEEDINGS

 There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company.

 ITEM 4. MINE SAFETY DISCLOSURES

 None.

 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 Market Information and Holders

 Our shares of common stock are quoted on the over-the-counter markets, currently on the OTCQB tier of the OTC Markets Group, Inc. (the "OTC Markets Group"), under the stock symbol "GWLL". As of April 15, 2025, the Company had 99,000,000 shares of common stock issued and outstanding, and we had approximately 84 holders of record of our common stock.

 Dividends

 We have not declared any dividends and we do not plan to declare any dividends in the foreseeable future. There are no restrictions in our Articles of Incorporation or Bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

 we would not be able to pay our debts as they become due in the usual course of business; or

 our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of stockholders who have preferential rights superior to those receiving the distribution, unless otherwise permitted under our Articles of Incorporation.

 Recent Sales of Unregistered Securities

 There are no unreported sales of equity securities at December 31, 2024.

 Securities Authorized for Issuance Under Equity Compensation Plans

 The Company does not have any equity compensation plans.

 Penny Stock Regulations

 The SEC has adopted regulations that generally define "penny stock" to be an equity security that has a market price of less than $5.00 per share. Our common stock, when and if a trading market develops, may fall within the definition of penny stock and be subject to rules that impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally those with assets in excess of $1.00 million, or annual incomes exceeding $200,000 individually, or $300,000, together with their spouse).

 For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities and have received the purchaser's prior written consent to the transaction. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the SEC relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. Consequently, the "penny stock" rules may restrict the ability of broker-dealers to sell our Common Stock and may affect the ability of investors to sell their Common Stock in the secondary market.

 Purchases of Equity Securities by the Registrant and Affiliated Purchasers

 We did not purchase any of our shares of common stock or other securities during the year ended December 31, 2024.

 ITEM 6. [RESERVED]

 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 OVERVIEW

 The Company was incorporated in the State of Nevada on August 20, 2019, and established a fiscal year end of December 31.

 Going Concern

 To date the Company has little operations or revenues and consequently has incurred recurring losses from operations. Substantially greater revenues are not anticipated until we complete the financing we endeavor to obtain, as described in this Form 10-K, and implement our initial business plan. The ability of the Company to continue as a going concern is dependent on raising capital to fund our business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern.

 Our activities have been financed from the proceeds of share subscriptions. On August 20, 2019 the Company sold 41,000,000 shares of common stock to its founders for a subscription amount of $41,000. On August 20, 2019, the Company sold 39,000,000 shares of common stock for a subscription amount of $215,504.

 Apart from loans to related parties, the Company had outstanding loans to third parties in the amounts of $173,985 and $46,335 as of December 31, 2024 and 2023, respectively.

 The Company plans to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.

 PLAN OF OPERATION

 We are an early stage corporation and generated revenues of only $139 from sales of our nutraceutical and dietary supplements business during the twelve months ended December 31, 2024.

 Our plan of operation for the 12 months following the filing of this Annual Report on Form 10-K is to increase the sales of our products.

 The Company believes it can satisfy its cash requirements through the fiscal year end of December 31, 2024, from its cash of $49,404. As of December 31, 2024, we had a working capital balance of $222,332.

 RESULTS OF OPERATIONS

 Comparison of the Years ended December 31, 2024 and 2023

 As of December 31, 2024, we had accumulated deficit of $1,359,645. As a result, our continuation as a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders or other capital sources. Management believes that the continuing financial support from the existing shareholders and external financing will provide the additional cash to meet our obligations as they become due. Our financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

 The following table sets forth certain operational data for the years ended December 31, 2024 and 2023:

 Years Ended December 31,

 2024

 2023

 Revenues

 $

 $
 1,836

 Cost of revenue

 1,170

 Gross profit

 Total operating expenses

 123,162

 116,492

 Other expense

 8,400

 1,535

 (131,498
)

 (117,361
)

 Revenue. We generated revenues of $139 and $1,836 for the years ended December 31, 2024 and 2023, respectively.

 Cost of Revenue. Our cost of revenue was $75 and $1,170 for the years ended December 31, 2024 and 2023, respectively.

 Gross Profit. We generated gross profits of $64 and $666 for the years ended December 31, 2024 and 2023, respectively.

 General and Administrative Expenses ("G&A"). We incurred general and administrative expenses of $123,162 and $116,492 for the years ended December 31, 2024 and 2023, respectively. The increase in G&A is primarily attributable to the increase of professional fee, and partially offset with decrease of lease fee.

 Net Loss. During the year ended December 31, 2024, we incurred a net loss of $131,498, as compared to $117,361 for the same period ended December 31, 2023.

 Liquidity and Capital Resources

 As of December 31, 2024, we had cash and cash equivalents of $49,404, and no accounts receivable deposits, prepayments or other receivables.

 We believe that our current cash and other sources of liquidity discussed below are adequate to support general operations for at least the next 12 months.

 Years Ended December 31,

 2024

 2023

 Net cash used in operating activities

 $
 (123,077
)

 $
 (113,153
)

 Net cash provided by investing activities

 $

 $

 Net cash provided by financing activities

 119,250

 120,388

 Net Cash Used In Operating Activities.

 For the year ended December 31, 2024, net cash used in operating activities was $123,077, which consisted primarily of payments for general and administrative expenses.

 For the year ended December 31, 2023, net cash used in operating activities was $113,153, which consisted primarily of payments for general and administrative expenses.

 We expect to continue to rely on cash generated through financing from our existing shareholders and private placements of our securities, however, to finance our operations and future acquisitions.

 Net Cash Provided By Investing Activities.

 For the year ended December 31, 2024, there was no net cash provided by investing activities.

 For the year ended December 31, 2023, there was no net cash provided by investing activities.

 Net Cash Provided By Financing Activities.

 For the year ended December 31, 2024, net cash provided by financing activities was $119,250, consisting primarily of proceeds from a loan from a third party.

 For the year ended December 31, 2023, net cash provided by financing activities was $120,388, consisting primarily of proceeds from a loan from an officer of the Company and a third party.

 Material hurdles remain until we can sell the products commercially. First, we must construct manufacturing facilities, which includes locating a site, installing a workshop and setting up equipment. No special equipment needs to be engineered or produced. All needed equipment is presently available from existing manufacturers. Second, our workforce will need to be trained, however, no specialized education or experience is needed by labor we intend to hire. We estimate that we need approximately $5,000,000 to complete such activities and that it would take approximately one year to complete such activities. Additional funding will likely come from equity financing from the sale of our common stock, if we are able to sell such stock. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our activities. In the absence of such financing, our business will fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue the expansion of our business.

 Off-Balance Sheet Arrangements

 We have not entered into any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to our own shares and classified as shareholders' equity, or that are not reflected in our financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, we do not have any variable interest in an unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

 Critical Accounting Policies and Estimates

 The discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP"). The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the policies below as critical to our business operations and to the understanding of our financial results:

 Basis of Accounting

 The Company's financial statements are prepared using the accrual method of accounting and are presented in United States Dollars.

 Basic Earnings (loss) per Share

 The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.

 Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

 Use of Estimates and Assumptions

 The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.

 Income Taxes

 Income taxes are provided in accordance with ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

 Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 Fair Value of Financial Instruments

 The carrying amount of cash and current liabilities approximates fair value due to the short maturity of these instruments. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Unless otherwise noted, it is management's opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

 Start-Up expenses

 As a start-up company, the costs associated with start-up activities are expensed as incurred. Accordingly, start-up costs associated with the Company's formation have been included in the Company's general and administrative expenses.

 Recent Accounting Pronouncements

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

 Subsequent Events

 None through date of this filing.

 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 As a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

 ITEM 8. FINANCIAL STATEMENTS

 Goldenwell Biotech, Inc.

 Report of Independent Registered Public Accounting Firm (PCAOB ID 2851)

 Balance Sheets as of December 31, 2024 and 2023

 Statements of Operations for the years ended December 31, 2024 and 2023

 Statements of Cash Flows for the years ended December 31, 2024 and 2023

 Statements of Stockholders' Equity (Deficit) for the years ended December 31, 2024 and 2023

 Notes to Financial Statements

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To the Board of Directors and Stockholders of
 Goldenwell Biotech, Inc.

 Opinion on the Financial Statements

 We have audited the accompanying balance sheets of Goldenwell Biotech, Inc. (the "Company") as of December 31, 2024 and 2023, the related statements of operations, changes in stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity with the U.S. generally accepted accounting principles in the United States of America.

 Going Concern

 The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As described in Note 2 to the financial statements, the Company has incurred recurring losses from operations, has minimal operations, and needs additional capital to grow its operations so that it can become profitable. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans with regard to these matters are described in Note 2. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 Basis for Opinion

 These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Critical Audit Matters

 Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

 /s/ KCCW Accountancy Corp.
 We have served as the Company's auditor since 2025.
 Diamond Bar, California
 May 14, 2025

 BALANCE SHEET S

 2024

 2023

 ASSETS

 CURRENT ASSETS

 Cash

 $
 49,404

 $
 53,231

 Inventory

 174,788

 174,863

 TOTAL ASSETS

 $
 224,192

 $
 228,094

 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 CURRENT LIABILITIES

 Unearned revenue

 $
 1,860

 $
 1,914

 NON-CURRENT LIABILITIES

 Due to related party

 95,588

 95,588

 Long-term liabilities

 189,250

 70,000

 Discount on long-term liabilities

 ( 15,265
)

 ( 23,665
)

 TOTAL LIABILITIES

 271,433

 143,837

 STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock, $ 0.0001 par value, 300,000,000 shares authorized,
 99,000,000 issued and outstanding at December 31, 2024 and 2023

 9,900

 9,900

 Additional paid-in capital

 Accumulated deficit

 ( 1,359,645
)

 ( 1,228,147
)

 Total stockholders' equity (deficit)

 ( 47,241
)

 84,257

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 $
 224,192

 $
 228,094

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

 STATEMENTS OF OPERATIONS

 For the Year Ended December 31,

 2024

 2023

 Revenue

 $

 $
 1,836

 Cost of revenues

 ( 75
)

 ( 1,170
)

 Gross profit

 Operating expenses

 General and administrative

 ( 123,162
)

 ( 116,492
)

 Total operating expenses

 ( 123,162
)

 ( 116,492
)

 Loss from operations

 ( 123,098
)

 ( 115,826
)

 Other Income and Expenses

 Interest expense

 ( 8,400
)

 ( 1,535
)

 Loss before income taxes

)

)

 Income tax provision

 -

 -

 $
)

 $
)

 Loss per share - basic and diluted

 $

 ( 0.00
)

 $

 ( 0.00
)

 Weighted average number of shares outstanding - basic and diluted

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

 STATEMENTS OF CASH FLOWS

 For the Year
 Ended on December 31

 2024

 2023

 Cash Flows from Operating Activities:

 $
)

 $
)

 Adjustments to reconcile net loss to net cash used in operating activities:

 Non-cash interest expense

 8,400

 1,535

 Changes in operating assets and liabilities:

 Change in inventory

 1,195

 Change in right of use asset

 -

 26,346

 Unearned revenue

 ( 54
)

 Change in lease liability

 -

 ( 25,372
)

 Net Cash used in Operating Activities

 ( 123,077
)

 ( 113,153
)

 Cash flows from Financing Activities:

 Proceeds from long-term loans

 119,250

 70,000

 Discount on long-term loan

 -

 ( 25,200
)

 Proceeds from related party

 -

 75,588

 Net Cash provided by Financing Activities

 119,250

 120,388

 Net change in cash

 ( 3,827
)

 7,235

 Cash at beginning of period

 53,231

 45,996

 Cash at end of period

 $
 49,404

 $
 53,231

 Supplemental Disclosures

 Cash paid for interest

 $

 -

 $

 -

 Cash paid for income taxes

 $

 -

 $

 -

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

 STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

 Additional

 Paid-In

 Accumulated

 Shares

 Amount

 Capital

 Deficit

 Total

 Balance - December 31, 2022

 $
 9,900

 $

 $
 ( 1,110,786
)

 $
 201,618

 -

 -

 -

)

)

 Balance - December 31, 2023

 9,900

 ( 1,228,147
)

 84,257

 -

 -

 -

)

)

 Balance - December 31, 2024

 $
 9,900

 $

 $
 ( 1,359,645
)

 $
 ( 47,241
)

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

 NOTES TO FINANCIAL STATEMENTS

 NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

 GOLDENWELL BIOTECH INC. (the "Company") was incorporated in the State of Nevada on August 20, 2019. The company address is 7316 Capilano Dr. Solon, Ohio 44139. The Company is in the development stage whose purpose is R&D, production and sales health cares and supplements products.

 NOTE 2 - GOING CONCERN

 The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has sustained an accumulated deficit of $ 1,359,645 since its inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company's financial statements do not reflect any adjustments that might result from the outcome of this uncertainty. The Company's continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties. Management's plans include financing from the Company's existing shareholders and private placements of its securities. No assurance can be given that the Company will be successful in these efforts.

 NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis of Presentation and Preparation

 The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP).

 Use of estimates

 The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 Start-Up Costs

 In accordance with ASC 720, " Start-up Costs", the Company expenses all costs incurred in connection with the start-up and organization of the Company.

 Cash

 Cash includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.

 Inventories

 The Company's inventories include Goldenwell DNA Repair, which are stated at average cost, subject to the lower of cost or market value.

 Revenue Recognition

 Revenue from sale of goods under Topic 606 is recognized in a manner that reasonably reflects the delivery of the Company's products to customers in return for expected consideration and includes the following elements:

 executed contract(s) with customers that the Company believes is legally enforceable;

 identification of performance obligation in the respective contract;

 determination of the transaction price for each performance obligation in the respective contract;

 allocation of the transaction price to each performance obligation; and

 recognition of revenue only when the Company satisfies each performance obligation.

 The Company recognizes the amount of revenue when the Company satisfies a performance obligation to which it expects to be entitled for the transfer of promised goods to customers.

 Income Taxes

 The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "Accounting for Income Taxes". The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of December 31, 2024 and 2023, the Company did not have any amounts recorded pertaining to uncertain tax positions.

 Fair Value Measurements

 The Company adopted the provisions of ASC Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

 The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

 ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

 Level 1 — quoted prices in active markets for identical assets or liabilities

 Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable

 Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

 The Company has no assets or liabilities valued at fair value on a recurring basis.

 NOTE 4 – LONG-TERM LOAN

 In October 2023, the Company obtained an unsecured loan from a third party, Megalight Inc. The repayment term is 3 years, and the total repayment amount at maturity is $70,000. During the year ended December 31, 2024 and 2023, the Company recorded interest expense in the amount of $ 8,400 and $ 1,535, respectively. As of December 31, 2024 and 2023, the net carrying amount of the loan was $ 54,735 and $ 46,335, respectively.

 In May 2024, the Company borrowed $ 49,250 from the same third party. The loan is unsecured, non-interest bearing and is due in May 2027.

 In October 2024, the Company borrowed $ 70,000 from the same third party. The loan is unsecured, non-interest bearing and is due in October 2027.

 As of December 31, 2024 and 2023, the Company recorded $ 173,985 and $ 46,335, respectively, in long-term loans.

 NOTE 5 – RELATED PARTY TRANSACTION

 During the years ended December 31, 2024 and 2023, the Company received a loan of $ 0 and $ 75,588 from the Company's CEO and Director, respectively. The amount is unsecured, non-interest bearing, and has not been formalized by a promissory note. The related party loan of $ 20,000 received on December 21, 2022, has a five-year term and remained outstanding as of December 31, 2024. The related party loans of $ 75,588 received during the year ended December 31, 2023 will mature in three years. As of December 31, 2024 and 2023, the Company owed $ 95,588 and $ 95,588, respectively, to its CEO and Director.

 NOTE 6 - INCOME TAXES

 The reconciliation of income tax benefit at the U.S. statutory rate of 21 % for the year ended December 31, 2024 and 2023 to the Company's effective tax rate is as follows:

 2024

 2023

 Income tax benefit at statutory rate

 $
 ( 27,615
)

 $

 ( 24,646
)

 Change in valuation allowance

 27,615

 24,646

 Income tax expense

 $

 -

 $

 -

 The tax effects of temporary differences that give rise to the Company's net deferred tax assets as of December 31, 2024 and 2023 is as follows:

 2024

 2023

 Net operating loss carry forward

 $
 285,527

 $

 257,912

 Valuation allowance

 ( 285,527
)

 ( 257,912
)

 Net deferred tax assets

 $

 -

 $

 -

 The Company has approximately $ 1,359,645 of net operating losses ("NOL") carried forward to offset taxable income, if any, in future years. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

 NOTE 7 – STOCKHOLDERS' EQUITY

 Authorized Stock

 The Company has authorized 300,000,000 common shares with a par value of $ 0.0001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

 As of December 31, 2024 and 2023, the Company had a total of 99,000,000 shares issued and outstanding.

 NOTE 8 – SUBSEQUENT EVENTS

 Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on managements' evaluation, no events have occurred that require disclosure or adjustments to the financial statement.

 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE

 None.

 ITEM 9A. CONTROLS AND PROCEDURES

 Evaluation of Disclosure Controls and Procedures

 Our management, with the participation and supervision of our Chief Executive Officer and President, who acts as our principal executive officer, and our Secretary, who acts as our principal financial officer, is responsible for our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified under SEC rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

 Our management, including our Chief Executive Officer and President, and our Secretary, carried out an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2024. Based on this evaluation, our management concluded that as of December 31, 2024, these disclosure controls and procedures were not effective at the reasonable assurance level. As discussed below, our internal control over financial reporting is an integral part of our disclosure controls and procedures.

 Management's Annual Report on Internal Control over Financial Reporting

 Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Internal control over financial reporting is a process, including policies and procedures, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

 Our Chief Executive Officer and President, who acts as our principal executive officer, and our Secretary, who acts as our principal financial officer, performed an evaluation of our internal control over financial reporting under the framework in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

 Based on the results of this assessment, our management, including our Chief Executive Officer and President, and our Secretary, concluded that our internal control over financial reporting was not effective as of December 31, 2024, based on such criteria. Deficiencies existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and (ii) inadequate segregation of duties consistent with control objectives. Management believes that the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

 Auditor's Report on Internal Control over Financial Reporting

 This Annual Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our independent registered public accounting firm pursuant to rules of the SEC that permit us to provide only management's report in this Annual Report.

 Changes in Internal Controls over Financial Reporting

 In connection with our continued monitoring and maintenance of our controls procedures as part of the implementation of Section 404 of the Sarbanes-Oxley Act, we continue to review, test, and improve the effectiveness of our internal controls. There have not been any changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter and since the year ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 Inherent Limitation on the Effectiveness of Internal Controls

 The effectiveness of any system of internal control over financial reporting is subject to inherent limitations, including the exercise of judgment in designing, implementing, operating, and evaluating the controls and procedures, and the inability to eliminate misconduct completely. Accordingly, any system of internal control over financial reporting can only provide reasonable, not absolute, assurances. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We intend to continue to monitor and upgrade our internal controls as necessary or appropriate for our business but cannot assure that such improvements will be sufficient to provide us with effective internal control over financial reporting.

 ITEM 9B. OTHER INFORMATION

 None.

 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.

 Not applicable.

 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 The following table sets forth the names and ages of our current directors and executive officers, the principal offices and positions held by each person, and the year such director or officer commenced serving in such capacity:

 Name

 Age

 Positions

 Shuang Liu

 President, Chief Executive Officer, and Director

 Hua Xie

 Secretary, and Director

 Li Yang

 Treasurer, and Director

 Shuang Liu
 President and Chief Executive Officer, and director

 Shuang Liu has served as our President and Chief Executive Officer, and a director, since August 20, 2019. Mr. Liu is our principal accounting officer and principal financial officer. Since December 2012, Mr. Shuang has been the Chairman of the Board of Jilin Jinziyuan Biotech Co., Ltd., a nutraceutical and dietary supplements company, located in China. Between 2013 and 2015, Mr. Shuang attended Jilin University, in China, where he majored in economic law. Mr. Liu's entrepreneurial desire evidenced by his ideas which led to the establishment of our business, and his experience in developing the products we market and sell, led to our conclusion that he should be serving as a member of our Board of Directors in light of our business and structure.

 Hua Xie
 Secretary and Director

 Hua Xie has served as our Secretary and a director since August 20, 2019. Ms. Hua is a co-founder and has served as Chief Operating Officer of MegaGrow Electronics Inc, a grow light products company located in Hudson, Ohio. From 2014 until 2018, Ms. Hua owned and operated Zx International LLC, located in Ohio, which exported aluminum and other scrap to China. From 2006 until 2014, Ms. Hua was a Senior Financial Reporting Analyst Dealer Tire LLC, in Cleveland, Ohio, where she performed analysis and generated monthly management reports on margin, expenses, balance sheets, key indicators, gross profit trends that were distributed to CFO, partners and directors of the company. From 2000 until 2006, Ms. Hua was a compliance analyst in the Retirement Plan Services division at Charles Schwab Corp., in Richfield, Ohio., where she, among other things, completed and reviewed Schwab plan compliance testing and reporting for qualified plans, which included ADP/ACP discrimination testing, coverage testing, and top heavy testing. Ms. Hua holds a B.S. in Accounting from the University of Maryland, in College Park, Maryland, and holds a M.S. in Software Engineering from the University of Akron, in Akron, Ohio. Ms. Hua's experience in finance and accounting led to our conclusion that she should be serving as a member of our Board of Directors in light of our business and structure.

 Li Yang
 Treasurer and Director

 Li Yang has served as our Treasurer and a director since August 20, 2019. Since 2017, Mr. Yang has served as Chief Executive Officer of Australian Trefoil Health and Technologies Pty. Ltd., a company located in Australia. From 2011 until 2015, Mr. Yang was the Research Coordinator of the Mental Health and Drug Alcohol Service, Northern Sydney Local Health District, Australia. From 2007 until 2010, Mr. Yang was a Product Development Manager of Henan Sino-American Biotechnology Company, located in China, where he performed marketing research and analysis for biotechnology products, product promotional planning and sales forecasting, and participated in establishing marketing strategies and sale networks. From 2004 until 2006, Mr. Yang was a Lecturer of Biotechnology Zhengzhou Pasturage Engineering College, located in Henan Province, China. From 2001 to 2004, Mr. Yang was a Research Officer of Northcote Neuroscience Laboratory, at ANZAC Research Institute, Concord Hospital Sydney, Australia. From 1998 until 2000, Mr. Yang was a Research and Development Officer at Australian Genetics and Chemical Technological Pty. Ltd.. in Australia. In January 1996, Mr. Yang obtained his Master degree of Biotechnology in University of NSW, in Sydney, Australia. In July 1992, Mr Yang obtained his Bachelor of Medicine degree at the Xi'an Medical University, in Xi'an, China. Mr. Yang's experience in health and health-related research led to our conclusion that he should be serving as a member of our Board of Directors in light of our business and structure.

 Director Qualifications

 We believe that our directors should have the highest professional and personal ethics and values, consistent with our values and standards. They should have broad experience at the policy-making level in business or banking. They should be committed to enhancing stockholder value and should have sufficient time to carry out their duties and to provide insight and practical wisdom based on experience. Their service on other boards of public companies should be limited to a number that permits them, given their individual circumstances, to perform responsibly all director duties for us. Each director must represent the interests of all stockholders. When considering potential director candidates, the Board also considers the candidate's character, judgment, diversity, age and skills, including financial literacy and experience in the context of our needs and the needs of the Board.

 Term of Office

 All directors hold office until the next annual meeting of the stockholders of the Company and until their successors have been duly elected and qualified. The Company's Bylaws provide that the Board of Directors will consist of no less than one member. Officers are elected by and serve at the discretion of the Board of Directors.

 Director Independence

 Our board of directors is currently composed of three members, none of whom qualifies as an independent director in accordance with the published listing requirements of the Nasdaq Global Market. The Nasdaq independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the Nasdaq rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director's business and personal activities and relationships as they may relate to us and our management.

 Involvement in Certain Legal Proceedings

 To our knowledge, our directors and executive officers have not been involved in any of the following events during the past ten years:

 Any bankruptcy petition filed by or against such person or 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;

 Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting his involvement in any type of business, securities or banking activities or to be associated with any person practicing in banking or securities activities;

 Being found by a court of competent jurisdiction in a civil action, the SEC 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;

 Being subject of, or a party to, any Federal or state judicial or administrative order, judgment decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of any Federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

 Being subject of or party to any sanction or order, not subsequently reversed, suspended, or vacated, of any self-regulatory organization, any registered entity or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

 Significant Employees and Consultants

 As of December 31, 2024, the Company has no significant employees. The Company is managed by our three officers and directors.

 Audit Committee and Conflicts of Interest

 Since we do not have an audit, compensation or governance and nominating committee comprised of independent directors, the functions that would have been performed by such committees are performed by our directors. The board of directors has not established an audit committee and does not have an audit committee financial expert, nor has the board of directors established a nominating committee. The board of directors is of the opinion that such committees are not necessary since the Company is an early stage company and has only one director, and to date, such director has been performing the functions of such committees. Thus, there is a potential conflict of interest in that our sole director and officer has the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions.

 Family Relationships

 There are no family relationships among our directors or officers. Other than as described above, we are not aware of any other conflicts of interest with any of our executive officers or directors.

 Stockholder Communications With the Board of Directors

 We have not implemented a formal policy or procedure by which our stockholders can communicate directly with our board of directors. Nevertheless, every effort has been made to ensure that the views of stockholders are heard by the board of directors or individual directors, as applicable, and that appropriate responses are provided to stockholders in a timely manner. We believe that we are responsive to stockholder communications, and therefore have not considered it necessary to adopt a formal process for stockholder communications with our Board. During the upcoming year, our board of directors will continue to monitor whether it would be appropriate to adopt such a process.

 Code of Ethics

 The Company has not adopted a code of ethics that applies to its principal executive officers, principal financial officer, principal accounting officer or controller, and persons performing similar functions.

 Employment Agreements

 We have no employment agreements with any of our directors.

 Indemnification Agreements

 We have no indemnification agreements with our officers, directors or any other person.

 ITEM 11. EXECUTIVE COMPENSATION

 The following tables set forth certain information about compensation paid, earned or accrued for services by our President and all other executive officers (collectively, the "Named Executive Officers") in the fiscal years ended December 31, 2024 and 2023:

 SUMMARY COMPENSATION TABLE

 The table below summarizes all compensation awarded to, earned by, or paid to our officers for all services rendered in all capacities to us for the fiscal periods indicated.

 Name and
 Principal
 Position

 Year

 Salary
 ($)

 Bonus
 ($)

 Stock
 Awards
 ($)

 Option
 Awards
 ($)

 Non-Equity
 Incentive
 Plan
 Compensation($)

 Nonqualified
 Deferred
 Compensation($)

 All Other
 Compensation($)

 Total
 ($)

 Shuang Liu (1)

 2024

 2023

 Hua Xie (2)

 2024

 44,174

 44,174

 2023

 42,448

 42,448

 Li Yang (3)

 2024

 2023

 ___________
 (1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.
 (2) Appointed Secretary and director on August 20, 2019.
 (3) Appointed Treasurer and director on August 20, 2019.

 Employment Contracts, Termination of Employment, Change-in-Control Arrangements

 The Company has no employment agreements with its officers or any significant employee and did not enter into any employment contracts, termination of employment, or change-in-control arrangements during the year ended December 31, 2024.

 Option Exercises and Fiscal Year-End Option Value Table.

 There were no stock options exercised by the named executive officers as of the end of the fiscal period ended December 31, 2024.

 Long-Term Incentive Plans and Awards

 There were no awards made to a named executive officer, under any long-term incentive plan, as of the end of the fiscal period ended December 31, 2024.

 We currently do not pay any compensation to our directors serving on our board of directors.

 STOCK OPTION GRANTS

 The following table sets forth stock option grants and compensation or the fiscal year ended December 31, 2024:

 Option Awards

 Stock Awards

 Name

 Number of Securities Underlying Unexercised Options (#) Exercisable

 Number of Securities Underlying Unexercised Options (#) Unexercisable

 Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)

 Option Exercise Price ($)

 Option
 Expiration
 Date

 Number of Shares or Units of Stock That Have Not Vested (#)

 Market Value of Shares or Units of Stock That Have Not Vested ($)

 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)

 Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)

 Shuang Liu (1)

 -0-

 -0-

 -0-

 $

 -0-

 N/A

 -0-

 -0-

 -0-

 -0-

 Hua Xie (2)

 -0-

 -0-

 -0-

 $

 -0-

 N/A

 -0-

 -0-

 -0-

 -0-

 Li Yang (3)

 -0-

 -0-

 -0-

 $

 -0-

 N/A

 -0-

 -0-

 -0-

 -0-

 _____________
 (1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.
 (2) Appointed Secretary and director on August 20, 2019.
 (3) Appointed Treasurer and director on August 20, 2019.

 DIRECTOR COMPENSATION

 The following table sets forth director compensation or the fiscal year ended December 31, 2024:

 Name

 Fees Earned or Paid in Cash
 ($)

 Stock Awards
 ($)

 Option Awards
 ($)

 Non-Equity Incentive Plan Compensation
 ($)

 Nonqualified Deferred Compensation Earnings
 ($)

 All Other
 Compensation
 ($)

 Total
 ($)

 Shuang Liu (1)

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 Hua Xie (2)

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 Li Yang (3)

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 ______________
 (1) Appointed President and Chief Executive Officer, and served as director since August 20, 2019.
 (2) Appointed Secretary and director on August 20, 2019.
 (3) Appointed Treasurer and director on August 20, 2019.

 We currently do not pay any compensation to our directors for serving on our board of directors.

 Narrative to Director Compensation Table

 The following is a narrative discussion of the material information that we believe is necessary to understand the information disclosed in the previous table.

 No director receives compensation solely in his or her capacity as a director of the Company. All travel and lodging expenses associated with corporate matters are reimbursed by us, if and when incurred.

 Director Compensation Policy

 The board of directors adopted a Director Compensation Policy (the "Director Compensation Policy") as set forth below.

 This policy sets forth compensation payable to each non-employee member of the board of directors.

 Non-employee members of the board of directors of Company shall be eligible to receive cash and equity compensation as set forth in this Director Compensation Policy. The cash compensation and stock awards described in this Director Compensation Policy shall be paid or be made, as applicable, automatically and without further action of the board of directors, to each member of the board of directors who is not an employee of the Company or any parent or subsidiary of the Company (each, an "Independent Director") who may be eligible to receive such cash compensation or stock awards, unless such Independent Director declines the receipt of such cash compensation or stock awards by written notice to the Chairman of the Board.

 This Director Compensation Policy shall remain in effect until it is revised or rescinded by further action of the board of directors. The terms and conditions of this Director Compensation Policy shall supersede any prior cash or equity compensation arrangements between the Company and its directors.

 Compensation Clawback Policy

 The board of directors believes that it is in the best interest of the Company and its stockholders to create and maintain a culture of that emphasizes integrity and accountability and that reinforces the Company's pay-for-performance compensation philosophy. The board of directors has therefore adopted a compensation recoupment policy, which provides for the recovery of erroneously awarded incentive compensation from the Company's executive officers in the event of a triggering event, which compensation recoupment policy has been filed as an exhibit to this Annual Report.

 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 The following table lists, as of April 15, 2025, the number of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group. Information relating to beneficial ownership of common stock by our principal shareholders and management is based upon information furnished by each person using "beneficial ownership" concepts under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power.

 The percentages below are calculated based on 99,000,000 shares of our common stock issued and outstanding as March 27, 2025. We do not have any outstanding warrant, options or other securities exercisable for or convertible into shares of our common stock.

 Title of Class

 Name and Address of
 Beneficial Owner (2)

 Amount and Nature of
 Beneficial Ownership

 Percent of
 (1)

 Shuang Liu (3)

 41,000,000

 41.4
 %

 Hua Xie (4)

 5,000,000

 5.0
 %

 Li Yang (5)

 10,000,000

 10.1
 %

 James Wang

 7,000,000

 7.0
 %

 All directors and executive officers as a group (3 persons)

 60,000,000

 63.5
 %

 ______________
 (1)

 Calculated based on 99,000,000 shares of common stock issued and outstanding on April 15, 2025.

 (2)

 Unless otherwise specified, the address of each of the persons set forth below is in care of the Company, at the address of: 581 Boston Mills Road, Suite 300, Hudson, Ohio 44236.

 (3)

 Appointed President and Chief Executive Officer, and served as director since August 20, 2019.

 (4)

 Appointed Secretary and director on August 20, 2019.

 (5)

 Appointed Treasurer and director on August 20, 2019.

 ITEM 13. CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

 Related Party Transactions

 Except as disclosed below, during the past fiscal year, there have been no transactions, whether directly or indirectly, between us and any of our respective officers, directors, beneficial owners of more than 5.0% of our outstanding common stock or their family members, that exceeded the lesser of $120,000 million or 1.0% of the average of our total assets at year-end for the last completed fiscal year.

 For the years ended 2024 and 2023, Shuang Lie, our President and Chief Executive Officer, and a director, loaned $0 and $95,588, respectively, to the Company. Such loans bear no interest and are unsecured.

 Director Independence

 Our board of directors is currently composed of three members, none of whom qualifies as an independent director in accordance with the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director's business and personal activities and relationships as they may relate to us and our management.

 Our board of directors has not separately designated and standing committees. Accordingly, the duties customarily performed by an audit committee, compensation committee, and governance and nominating committee are performed by our board of directors.

 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

 For the year ended December 31, 2024 and 2023, the total fees charged to the company for audit services, including quarterly reviews, were $30,500 and $20,500, respectively, for accounting services were $5,450 and $4,500, respectively, and for tax services and other services were $1,500 and $0, respectively.

 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULE

 (a) The following Exhibits, as required by Item 601 of Regulation SK, are attached or incorporated by reference, as stated below.

 Number

 Description

 3.1

 Articles of Incorporation (1)

 3.2

 Bylaws (1)

 31.1

 Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 31.2

 Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 32.1

 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

 32.2

 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

 97.1

 Executive Compensation Clawback Policy

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 _______________
 (1)

 Incorporated by reference to Registration Statement on Form S-1 (File No. 333-236561), filed with the Securities and Exchange Commission on February 21, 2020.

 *Furnished, not filed.

 + 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.

 ITEM 16. FORM 10-K SUMMARY

 None.

 SIGNATURES

 In accordance with Section 13 or 15(d) of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 GOLDENWELL BIOTECH, INC.

 By:

 /s/ Shuang Liu

 Name:

 Shuang Liu

 Chief Executive Officer
 (principal executive officer)

 By:

 /s/ Hua Xie

 Name:

 Hua Xie

 Secretary
 (principal financial officer and principal accounting officer)

 POWER OF ATTORNEY

 KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Shuang Liu and Hua Xie, and each of them, as his true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments to this Annual Report on Form 10-K of Goldenwell Biotech, Inc. for the fiscal year ended December 31, 2024, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, grant unto said attorney-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the foregoing, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agents, or his substitutes, may lawfully do or cause to be done by virtue hereof.

 Pursuant to the requirements of the Securities Exchange Act of 1934, this Power of Attorney has been signed by the following persons in the capacities and on the dates stated.

 By:

 /s/ Shuang Liu

 Name:

 Shuang Liu

 Chief Executive Officer, President, and Director (principal executive officer) (principal executive officer)

 By:

 /s/ Hua Xie

 Name:

 Hua Xie

 Secretary and Director (principal financial officer and principal accounting officer)

 By:

 /s/ Yang Li

 Name:

 Yang Li

 Treasurer and Director