CHINA CHANGJIANG MINING? NEW ENERGY COMPANY, LTD. 10-K

 false 2023 FY 0000029952

 2023-06-30

 2023-10-01

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 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 _________________

 FORM 10-K

 _________________

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 or

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

 For the transition period from
 to

 Commission File Number: 000-52807

 _____________________

 CHINA
CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.

 (Exact name of registrant as specified in its charter)

 _____________________

 Nevada

 75-2571032

 (State or other jurisdiction of

 incorporation or organization)

 (I.R.S. Employer

 Identification No.)

 37F, No. 1038 West Nanjing Rd

 Jing'An District

 Shanghai, China

 200041

 (Address of principal executive offices)

 (Zip Code)

 86. 883.1685

 (Registrant's telephone number, including
area code)

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

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 Common Stock

 CHJI

 OTC

 _________________

 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

(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

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

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.

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. 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).

is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 The aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and
asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter
was $ 175,958.

 As of December 31, 2023, there were 64,629,559
shares outstanding of the registrant's common stock.

 Page

 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 Price and Dividends on the Registrant's Common Equity and Related Stockholder Matters

 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

 3 4

 Item 14.

 Principal Accounting Fees and Services

 Item 15.

 Exhibits, Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 Index to Consolidated Financial Statements

 Signatures

 Investing in our common stock is highly speculative and involves a
significant degree of risk. See " Item 1A: Risk Factors " for a discussion of information that should be
considered before making a decision to purchase our common stock.

 Investors
are cautioned that you are purchasing the interests of China Changjiang Mining & New Energy Company, Ltd., which is a Nevada
corporation without conducting operations and will be referred to hereinafter as the "Company", or "we" or
"our" or "CHJI".

 Item 1.

 Business

 (a)
 Business Development

 The Company was organized under the laws of the
State of Nevada on September 19, 2009, under its current name. The Company was a development stage company with the goal of becoming
a design, engineer, construct, market and sell high-quality PV SEFs for commercial and utility applications to local markets.

 Prior to June 1, 2012, we were engaged in
exploration for commercially recoverable metal-bearing mineral deposits. On June 1, 2012, we entered into an agreement with Xunyang Yongjin
Mining Co., Ltd. to transfer our mining exploration rights for a cash payment. Further, on December 30, 2013, our subsidiary, Shaanxi
Changjiang Mining & New Energy Co., Ltd ("Shaanxi Changjiang"), entered into Equity Transfer Agreements with officers
of the Company, whereby the Company's subsidiaries were sold off.

 Business operations for China Chingjiang Mining
& New Energy Energy Co., Ltd. and its subsidiaries were abandoned by former management and a custodianship action, as described in
the subsequent paragraph, was commenced in 2020. The Company filed its last 10-Q in 2017, this financial report included liabilities and
debts. As of the date of this filing, these liabilities and debts have not been addressed and remain on the Company's books.

 On February 3, 2020, the Eighth District Court
of Clark County, Nevada granted the Application for Appointment of Custodian as a result of the absence of a functioning board of directors
and the revocation of the Company's charter. The order appointed Small Cap Compliance, LLC ("SCC") custodian with the
right to appoint officers and directors, negotiate and compromise debt, execute contracts, issue stock, and authorize new classes of stock.

 The court awarded custodianship to Small Cap Compliance,
LLC (sole member is Rhonda Keaveney) based on the absence of a functioning board of directors, revocation of the company's charter,
and abandonment of the business. At this time, Ms. Keaveney was appointed sole officer and director.

 Upon appointment as custodian of CHJI and under
its duties stipulated by the Nevada court, SCC took initiative to organize the business of the issuer. As custodian, the duties were to
conduct daily business, hold shareholder meetings, appoint officers and directors, reinstate the company with the Nevada Secretary of
State. SCC also had authority to enter into contracts and find a suitable merger candidate. SCC was compensated for its role as custodian
in the amount of 1,000,000 shares of Convertible Series C Preferred Stock. SCC did not receive any additional compensation, in the form
of cash or stock, for custodian services. The custodianship was discharged on May 18, 2020.

 On August 23, 2020, SCC entered into a Stock Purchase
Agreement with Bridgeview Capital Partners, LLC whereby Bridgeview Capital Partners, LLC purchased 1,000,000 shares of Convertible Series
C Preferred Stock. These shares represent the controlling block of stock. Ms. Keaveney resigned his position of sole officer and director
and appointed Dr. Chongyi Yang as CEO, Treasurer, Secretary, and Director of the Company.

 Bridgeview Capital Partners, LLC is controlled by Michael Dobbs and
Sean Lanci.

 On August 23, 2020, Bridgeview Capital Partners,
LLC entered into a Stock Purchase with Cathay Capital Management Inc. ("Cathay") whereby Cathay purchased 1,000,000 shares
of Convertible Series C Preferred Stock. Chongyi Yang is the control person for Cathay.

 The Company transitioned from mining to clean
new energy. Our current business is focused on the solar photovoltaic, or "PV".

 When the sun shines onto a solar panel, energy from
the sunlight is absorbed by the PV cells in the panel. This energy creates electrical charges that move in response to an internal
electrical field in the cell, causing electricity to flow.

 Concentrating solar-thermal power (CSP) systems
use mirrors to reflect and concentrate sunlight onto receivers that collect solar energy and convert it to heat, which can then be used
to produce electricity or stored for later use. It is used primarily in very large power plants.

 The Company's green energy business unit
is committed to providing customers and partners with professional and comprehensive green new energy project solution services.

 We build rural revitalization smart new energy
photovoltaic. Specifically, we will focus on 5G smart street lamp energy storage and charging, integrated charging stations and rural
new energy vehicles, low-carbon parks, and commercial and household rooftop photovoltaic green power.

 Our Business Strategy and Products and Services

 Solar photovoltaic energy is an emerging, clean
energy industry with a growing market share. Application of solar energy in developed countries such as Germany and Japan, are relatively
comprehensive and mature. At the present time, the Chinese PV downstream market is still in the initial stages of development, though
most of the PV modules are manufactured in China.

 China's solar PV module manufacturers were hit
by the European Union and the United States anti-dumping sanctions. Businesses and governments are trying to find better alternative applications
market to absorb the huge domestic surplus solar PV capacity. The untapped domestic PV downstream market is one of the best ways to absorb
the surplus production capacity.

 The Chinese government is encouraging the construction
of a large PV base and the development of distributed photovoltaic. Currently, we mainly focus on the development of distributed photovoltaic
power generation projects.

 We believe the next few years will show protracted
continued growth in the PV solar market. Government policies, in the form of both regulation and incentives, have accelerated the adoption
of solar technologies by businesses and consumers and have provided opportunities for developers to construct PV systems as an alternative
to more traditional forms of power generation.

 Our Industry and Principal Market

 Sales and Marketing

 We are establishing a sales and marketing department
which is focused on identifying and establishing relationships with entities that are likely to have a need for our products and services.

 Our products and services are expected to be largely
represented through our Company's sales force located in China

 Current Business Operations

 At the present time, our focus is on serving the
local solar PV generation market.

 The following chart illustrates our distributed
solar PV business model.

 Solar PV Industry

 General

 Though we may be a new participant in solar PV
industry, we also realized that the local downstream market of solar PV industry was as new as we are. Experience in some developed countries
has shown that there should be a business opportunity in China's PV downstream market in the near future.

 Each of our EPC projects is a strategic long-term
investment, with relatively low risk, a stable cash inflow can be generated and little ongoing maintenance costs would be incurred once
the project begins operations.

 Competition

 We anticipate that our competitors in the solar
PV markets will be local and regional EPC contractors and developers. Other companies in China that engage in solar PV power generation
that we consider to be likely competitors, include: Xi'an Huanghe Photovoltaic Technology Co., Ltd., Shaanxi Tuori New Energy Technology
Limited, and Shaanxi Changling Electric Co., Ltd., etc. These competitors have more experience in the operation of solar PV energy and
have superior financial resources than we do.

 The entire solar industry also faces competition
from other power generation sources, both conventional sources as well as other emerging technologies. Solar power has certain advantages
and disadvantages when compared to other power generating technologies. The advantages include the ability to deploy products in many
sizes and configurations, provide reliable power for many applications, serve as both a power generator and the skin of a building and
eliminate air, water and noise emissions. The disadvantages mainly came from the relatively high cost of power generation.

 The cost of electricity generated by PV products
currently is very close to the cost of electricity generated from conventional power such as coal and hydropower in Chinese markets. A
significant reduction in the scope or discontinuation of government incentive programs could cause demand for our products and our revenue
to decline, and have a material adverse effect on our business, financial condition, results of operations and prospects.

 As an emerging industry, the rapid growth of the
solar PV could reduce the intensity of competition from alternative products and services.

 In the near term, mature government subsidy roadmaps
from the government have led developers to be aggressive with their solar installations so that they can enjoy better economic returns.
Cost reductions of solar installations have proven to be viable and have also led to aggressive solar installation. In the long run, we
believe that solar energy continues to have significant future growth potential and that demand for our products and services will continue
to grow significantly for the following reasons:

 increasing demand for renewable energies, including solar energy, due to the finiteness of fossil fuels and concerns over nuclear power;

 increasing environmental awareness leading to regulations and taxes aimed at limiting emissions from fossil fuels;

 continued adoption or maintenance of government incentives for solar energy at all levels of Chinese government;

 narrowing cost differentials between solar energy and conventional energy sources due to market-wide decreases in the average selling prices for PV products driven by lower raw materials costs and increased production efficiencies; and

 continued improvements in the conversion efficiency of PV products leading to lower costs per watt of electricity generated, making solar energy more efficient and cost-effective.

 PV Government Regulation

 This section sets forth a summary of the most
significant regulations or requirements that affect our business activities in China.

 Regulations issued or implemented by the State
Council, China's National Development and Reform Commission ("NDRC"), and other relevant government authorities cover many aspects
of new energy industry, including, but not limited to the following principal regulations:

 Renewable Energy Law

 On December 26, 2009, China revised its Renewable
Energy Law, which originally became effective on January 1, 2006. The revised Renewable Energy Law became effective on April 1,
2010, and has laid the legal foundation for developing renewable energy in China. These laws lay the foundation for future regulation.

 Renewable Energy Law clearly stipulates the following
principles for the development of new energy:

 To encourage and support the use of solar and other renewable energy and the use of on-grid generation.

 To encourage the installation and use of solar energy water-heating systems, solar energy heating and cooling systems, solar PV systems and other solar energy utilization systems.

 To authorize the relevant pricing authorities to set favorable prices for the purchase of electricity generated by solar and other renewable power generation systems.

 To provide financial incentives, such as national funding, preferential loans and tax preferences for the development of renewable energy projects.

 Historical Government Directives

 In January 2006, the NDRC promulgated two
implementation directives of the Renewable Energy Law. These directives set forth specific measures in setting prices for electricity
generated by solar and other renewal power generation systems and in sharing additional expenses occurred. The directives further allocate
the administrative and supervisory authorities among different government agencies at the national and provincial levels and stipulate
responsibilities of electricity grid companies and power generation companies with respect to the implementation of the Renewable Energy
Law.

 China's Ministry of Construction issued a directive
in June of 2005, which seeks to expand the use of solar energy in residential and commercial buildings and encourages the increased
application of solar energy in townships. In addition, China's State Council promulgated a directive in June of 2005, which sets
forth specific measures to conserve energy resources and encourage exploration, development and use of solar energy in China's western
areas, which are not fully connected to electricity transmission grids, and other rural areas.

 In July 2007, the PRC State Electricity Regulatory
Commission issued the Supervision Regulations on the Purchase of All Renewable Energy by Power Grid Enterprises which became effective
on September 1, 2007. To promote the use of renewable energy for power generation, the regulations require that electricity grid
enterprises must in a timely manner set up connections between the grids and renewable power generation systems and purchase all the electricity
generated by renewable power generation systems. The regulations also provide that power dispatch institutions shall give priority to
renewable power generation companies in respect of power dispatch services provision.

 On September 4, 2006, China's Ministry of
Finance and Ministry of Construction jointly promulgated the Interim Measures for Administration of Special Funds for Application of Renewable
Energy in Building Construction, which provides that the Ministry of Finance will arrange special funds to support the application of
renewable energy in building construction in order to enhance building energy efficiency, protect the ecological environment and reduce
the consumption of fossil energy. These special funds provide significant support for the application of solar energy in hot water supply,
refrigeration and heating, PV technology and lighting integrated into building construction materials.

 On October 28, 2007, the Standing Committee of the National
People's Congress adopted amendments to the PRC Energy-saving Law, which sets forth policies to encourage the conservation of energy in
manufacturing, civic buildings, transportation, government agents and utilities sectors. The amendments also seek to expand the use of
the solar energy in construction areas.

 In March 2009, China's Ministry of Finance
promulgated the Interim Measures for Administration of Government Subsidy Funds for Application of Solar Photovoltaic Technology in Building
Construction, or the Interim Measures, to support the demonstration and the promotion of solar PV applications in China. Local governments
are encouraged to issue and implement supporting policies for the development of solar PV technology. These Interim Measures set forth
subsidy funds set at RMB 20 per watt for 2009 to cover solar PV systems integrated into building construction that have a minimum capacity
of 50 kilowatt peak.

 In April 2009, the Ministry of Finance and
the Ministry of Housing and Urban-Rural Development jointly issued the "Guidelines for Declaration of Demonstration Project of Solar
Photovoltaic Building Applications." These guidelines created a subsidy of up to RMB 20 per watt for building integrated PV or BIPV
projects using solar-integrated building materials and components and up to RMB 15 per watt for BIPV projects using solar-integrated materials
for rooftops or walls.

 In July 2010, the Ministry of Housing and
Urban-Rural Development issued the "City Illumination Administration Provisions" or the Illumination Provision. The Illumination
Provisions encourage the installation and use of renewable energy system such as PV systems in the process of construction and re-construction
of city illumination projects.

 On March 8, 2011, the Ministry of Finance
and the Ministry of Housing and Urban-Rural Development jointly promulgated the Notice on Further Application of Renewable Energy in Building
Construction, which aims to raise the percentage of renewable energy used in buildings.

 On March 27, 2011, the NDRC promulgated the revised
Guideline Catalogue for Industrial Restructuring which categorizes the solar power industry as an encouraged item.

 On March 14, 2012, the Ministry of Finance,
the NDRC and the National Energy Bureau jointly issued the interim measures for the management of additional subsidies for renewable-energy
power prices, according to which relevant renewable-energy power generation enterprises are entitled to apply for subsidies for their
renewable power generation projects that satisfy relevant requirements set forth in the measures.

 On March 1, 2013, China's State Council issued
the "Twelfth Five Year Plan." The plan supports the promotion and development of renewable energy, including the solar energy.
The plan also encourages the development of solar PV power stations in the areas with abundant solar power resource.

 On November 18, 2013, the National Energy Bureau
issued "The Interim Measures for the management of distributed photovoltaic power generation projects". The regulation contributes
to promote the application of distributed photovoltaic power and regulate the projects management.

 On November 26, 2013, the Ministry of Finance
announced that the power generated by its own distributed PV power generation project could be exempted from imposing government fee,
such as renewable energy surcharges, fee for major national water conservancy construction, etc.

 In January 2014, the National Energy Administration
of China announced the PV installation target for 2014 to be 14GW, which includes 8GW for distributed PV systems and 6GW for large scale
PV power plants.

 In the same month, the National
Energy Administration of China released a list of 81 "New Energy Demonstration Cities" and eight
"industrial demonstration parks" in 28 and 8 provinces respectively. These cities and zones are required to achieve
their respective mandatory targets in terms of solar PV installations and the percentage of installed renewable energy power
generation capacities by the end of 2015, or the end of the 12th Five-Year-Plan.

 In February 2014, the Certification and Accreditation
Administration and the National Energy Administration jointly issued the "Implementation Opinions on Strengthening the Testing and
Certification of PV Products." The implementation opinions provide that only certified PV products may be connected to the public
grid or receive government subsidies. The institutions that certify PV products must be approved by the Certification and Accreditation
Administration. According to the implementation opinions, PV products that are subject to certification include PV battery parts, inverters,
control devices, confluence devices, energy storage devices and independent PV systems.

 In December, 2014, the National Energy
Administration of China released a list of 30 "distributed solar photovoltaic industrial application demonstration
zone" to encourage the development of distributed solar PV industry.

 On January 28, 2015, the NEA of China announced
the target for national solar installations in 2015 to be 15GW, 8GW of which would be targeted for utility scale, 7GW for distributed
generation.

 On December 24, 2015, the National Development
and Reform Commission promulgated the Notice on the improvement of photovoltaic electricity price, which announced a new standard on-grid
price implemented from January 1, 2016 for solar PV electricity.

 On December 15, 2015, the National Energy Bureau
announced the annual plan for the development of solar PV. The solar power installed capacity will reach 160GW, and total annual investment
will reach 200 billion RMB for 2016, in the light of the plan.

 Effect of Existing or Probable Governmental Regulations on the Business

 We are subject to the Exchange Act and the Sarbanes-Oxley
Act of 2002. Under the Exchange Act, and are required to file with the SEC annual reports on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K. The Sarbanes-Oxley Act creates a strong and independent accounting oversight board to oversee the conduct
of auditors of public companies and to strengthen auditor independence. It also (1) requires steps be taken to enhance the direct responsibility
of senior members of management for financial reporting and for the quality of financial disclosures made by public companies; (2) establishes
clear statutory rules to limit, and to expose to public view, possible conflicts of interest affecting securities analysts; (3) creates
guidelines for audit committee members' appointment, and compensation and oversight of the work of public companies' auditors;
(4) prohibits certain insider trading during pension fund blackout periods; and (5) establishes a federal crime of securities fraud, among
other provisions.

 We are also subject to Section 14(a) of the Exchange
Act, which requires all companies with securities registered pursuant to Section 12(g) of the Exchange Act to comply with the rules and
regulations of the SEC regarding proxy solicitations, as outlined in Regulation 14A. Matters submitted to our stockholders at a special
or annual meeting thereof or pursuant to a written consent will require us to provide our stockholders with the information outlined in
Schedules 14A or 14C of Regulation 14A. Preliminary copies of this information must be submitted to the SEC at least 10 days prior to
the date that definitive copies of this information are provided to our stockholders.

 Employees

 The Company currently has one executive officer, Dr. Chongyi Yang serves
as Chief Executive Officer, Treasurer, Director, and Secretary. Wenhui Chen, Hui Huang, Qunxiang Huang, Hougang Ji, Jianbin Jiang, Shaoxian
Mai, Yitao Ouyang, Zuha Wan, and Huiyi Xiao serve as Directors. These Officers and Directors are not considered employees and do not have
employment contracts.

 Management of the Company expects to use consultants,
attorneys and accountants as necessary, and it is not expected that the Company will have any full-time or other employees, except as
may be the result of completing a transaction.

 Intellectual Property

 As of the date of this report, we do not own any
patents, trademarks, licenses, franchises, concessions, and royalty agreements, or other intellectual property contracts.

 Available Information

 Our periodic reports including annual reports
on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other reports, and amendments to those reports, and other
forms that we file with or furnish to the Securities and Exchange Commission (SEC) are available to review on the SEC's EDGAR website.

 Corporate Governance

 In accordance with and pursuant to relevant related
rules and regulations of the SEC, the Board of Directors of the Company has established and periodically update our corporate governance
guide, which is applicable to all directors, officers, and employees of the Company. We have not yet established an audit committee of
our board of directors.

 Item 1A.

 Risk Factors

 Risks Relating to Our Business

 Our business plan involves a number of very significant risks. Our
future business, operating results and financial condition could be seriously harmed as a result of the occurrence of any of the following
risks. You could lose all or part of your investment due to any of these risks. You should invest in our common stock only if you can
afford to lose your entire investment.

 We conduct substantially all of our operations in China, and substantially
all of our assets are located in China. In addition, a majority of our current officers reside within China and are PRC nationals. As
a result, it may be difficult for our shareholders to effect service of process upon us or those persons inside the PRC.

 In addition, the PRC does not have treaties providing for the reciprocal
recognition and enforcement of judgments of courts with many other countries and regions. Therefore, recognition and enforcement in the
PRC of judgments of a court in any of these non-PRC jurisdictions in relation to any matter not subject to a binding arbitration provision
may be difficult or impossible.

 Enforceability of Civil Liabilities

 Our business operations are primarily conducted in China, and substantially
all of our assets are located in China. Our sole officers and directors reside in mainland China and most of his assets are located outside
the United States. As a result, it may be difficult for a shareholder to effect service of process within the United States upon this
officers and directors, to bring an action against us or this individual in the United States, or to enforce judgement against us that
are obtained in United States courts, including judgments predicated upon the civil liability provisions of the securities laws of the
United States or any state in the United States.

 The recognition and enforcement of foreign judgments are subject to
compliance with the PRC Civil Procedures Law and relevant civil procedure requirements in PRC. PRC courts may recognize and enforce foreign
judgments in accordance with the requirements of PRC Civil Procedures Law based either on treaties between China and the country where
the judgment is made or on reciprocity between jurisdictions. China does not have any treaties or other form of reciprocity with the United
States that provide for the reciprocal recognition and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures
Law, courts in China will not enforce a foreign judgment against the Company or its directors and officers if they decide that the judgment
violates the basic principles of PRC law or national sovereignty, security or public interest. As a result, it is uncertain whether and
on what basis a PRC court would enforce a judgment rendered by a court in the United States.

 There is uncertainty as to whether the courts of China would:

 recognize or enforce judgments of United States courts obtained
against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or
any state in the United States; or

 entertain original actions brought in each respective jurisdiction
against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States.

 Furthermore, under the PRC Civil Procedures Law, foreign shareholders
may originate actions based on PRC law against a company in China for disputes if they can establish sufficient nexus to China for a PRC
court to have jurisdiction and meet other procedural requirements. It will be, however, difficult for U.S. shareholders to originate actions
against us in China in accordance with PRC laws because we are incorporated under the laws of the United States and it will be difficult
for U.S. shareholders, by virtue only of holding the Company's common shares, to establish a connection to China for a PRC court
to have jurisdiction as required under the PRC Civil Procedures Law.

 Holding Foreign Companies Accountable Act ("HFCAA")

 Pursuant to the Holding Foreign Companies Accountable Act ("HFCAA"),
the Public Company Accounting Oversight Board (the "PCAOB") issued a Determination Report on December 16, 2021 which found
that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered in: (1) mainland China
of the People's Republic of China because of a position taken by one or more authorities in mainland China; and (2) Hong Kong, a
Special Administrative Region and dependency of the PRC, because of a position taken by one or more authorities in Hong Kong. In addition,
the PCAOB's report identified the specific registered public accounting firms which are subject to these determinations. Our registered
public accounting firm, BF Borgers CPA PC, is based in the U.S. and is registered with PCAOB and was not identified in this
report as a firm subject to the PCAOB's determination. Notwithstanding the foregoing, if the PCAOB is not able to fully conduct
inspections of our auditor's work papers in China, you may be deprived of the benefits of such inspection which could result in
limitation or restriction to our access to the U.S. capital markets and trading of our securities may be prohibited under the HFCAA.

 Holding Foreign Companies Accountable Act, as amended by the
Consolidated Appropriations Act, 2023

 On December 15, 2022, the PCAOB vacated its 2021 determinations that
the positions taken by authorities in mainland China and Hong Kong prevented it from inspecting and investigating completely registered
public accounting firms headquartered in those jurisdictions. As a result, the Commission will not provisionally or conclusively identify
an issuer as a Commission-Identified Issuer if it files an annual report with an audit report issued by a registered public accounting
firm headquartered in either jurisdiction on or after December 15, 2022, until such time as the PCAOB issues a new determination.

 On December 29, 2022, the President signed the Consolidated
Appropriations Act, 2023, which, among other things, amended the HFCAA to reduce the number of consecutive years an issuer can be
identified as a Commission-Identified Issuer before the Commission must impose an initial trading prohibition on the issuer's
securities from three years to two years. Therefore, once an issuer is identified as a Commission-Identified Issuer for two
consecutive years, the Commission is required under the HCFAA to prohibit the trading of the issuer's securities on a national
securities exchange and in the over-the-counter market.

 PRC laws and regulations governing our current
business operations are sometimes vague and uncertain. Uncertainties with respect to the PRC legal system, including those regarding the
enforcement of laws, and sudden or unexpected changes, with little advance notice, in laws and regulations in China could adversely affect
us and limit the legal protections available to you and us.

 There are substantial uncertainties regarding
the interpretation and application of PRC laws and regulations including, but not limited to, the laws and regulations governing our business
and the enforcement and performance of our arrangements with customers in certain circumstances. The laws and regulations are sometimes
vague and may be subject to future changes, and their official interpretation and enforcement could be unpredictable, with little advance
notice. The effectiveness and interpretation of newly enacted laws or regulations, including amendments to existing laws and regulations,
may be delayed, and our business may be affected if we rely on laws and regulations which are subsequently adopted or interpreted in a
manner different from our understanding of these laws and regulations. New laws and regulations that affect existing and proposed future
businesses may also be applied retroactively. We cannot predict what effect the interpretation of existing or new PRC laws or regulations
may have on our business.

 Our operations in China are governed by the laws
of the PRC. The PRC legal system is a civil law system based on written statutes. Unlike the common law system, prior court decisions
under the civil law system may be cited for reference but have limited precedential value. Since these laws and regulations are relatively
new and the PRC legal system continues to rapidly evolve, the interpretations of many laws, regulations and rules are not always uniform
and the enforcement of these laws, regulations and rules involves uncertainties.

 The PRC has promulgated a comprehensive system
of laws and regulations governing economic matters in general, such as foreign investment, corporate organization and governance, commerce,
taxation and trade. The overall effect of legislation over the past three decades has significantly enhanced the protections afforded
to various forms of foreign investments in China. However, since the PRC legal system continues to evolve rapidly, the interpretations
of many laws, regulations and rules are not always uniform and enforcement of these laws, regulations and rules involves uncertainties
and sudden changes, sometimes with little advance notice. As a significant part of our business is conducted in China, our operations
are principally governed by PRC laws and regulations, which may limit legal protections available to us. Uncertainties due to evolving
laws and regulations could also impede the ability of a China-based company, such as our company, to obtain or maintain any permits or
licenses required to conduct business in China. In the absence of required permits or licenses, governmental authorities could impose
material sanctions or penalties on us. In addition, some regulatory requirements issued by certain PRC government authorities may not
be consistently applied by other PRC government authorities (including local government authorities), thus making strict compliance with
all regulatory requirements impractical, or in some circumstances impossible. For example, we may have to resort to administrative and
court proceedings to enforce the legal protection that we enjoy either by law or contract. However, since PRC administrative and court
authorities have discretion in interpreting and implementing statutory and contractual terms, it may be more difficult to predict the
outcome of administrative and court proceedings and the level of legal protection we enjoy than in more developed legal systems. Furthermore,
the PRC legal system is based in part on government policies and internal rules, some of which are not published on a timely basis or
at all and may have retroactive effect. As a result, we may not be aware of our violation of any of these policies and rules until sometime
after the violation. In addition, any administrative and court proceedings in China may be protracted, resulting in substantial costs
and diversion of resources and management attention.

 The PRC government has significant oversight and
discretion over the conduct of our business and may intervene or influence our operations as the government deems appropriate to further
regulatory, political and societal goals. The PRC government has recently published new policies that significantly affected certain industries
such as the education and internet industries, and we cannot rule out the possibility that it will in the future release regulations or
policies regarding our industry that could adversely affect our business, financial condition and results of operations. Furthermore,
the PRC government has recently indicated an intent to exert more oversight and control over securities offerings and other capital markets
activities that are conducted overseas and foreign investment in China-based companies like us. Any such action, once taken by the PRC
government, could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause
the value of such securities to significantly decline or in extreme cases, become worthless.

 Furthermore, if China adopts more stringent standards
with respect to certain areas such as environmental protection or corporate social responsibilities, we may incur increased compliance
costs or become subject to additional restrictions in our operations. Certain areas of the law, including intellectual property rights
and confidentiality protections in China may also not be as effective as in the United States or other countries. In addition, we cannot
predict the effects of future developments in the PRC legal system on our business operations, including the promulgation of new laws,
or changes to existing laws or the interpretation or enforcement thereof. These uncertainties could limit the legal protections available
to us and our investors, including you.

 The PRC government may continue to strengthen
its capital controls and the dividends of PRC subsidiaries and other distributions may be subject to tightened scrutiny in the future.
The PRC government also imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the
PRC. Therefore, we may experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency
for the payment of dividends from profits, if any. Furthermore, if a subsidiary in the PRC incurs debt on its own in the future, the instruments
governing the debt may restrict its ability to pay dividends or make other payments.

 In addition, the Enterprise Income Tax Law, or
EIT, and its implementation rules provide that a withholding tax rate of up to 10% will be applicable to dividends payable by Chinese
companies to non-PRC-resident enterprises unless otherwise exempted or reduced according to treaties or arrangements between the PRC central
government and governments of other countries or regions where the non-PRC resident enterprises are incorporated. Any limitation on the
ability of PRC subsidiaries to pay dividends or make other distributions to us could materially and adversely limit our ability to grow,
make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business.

 Risk of adverse Changes in China's economic, political
or social conditions or government policies

 Substantially all of our assets and operations are located in the PRC.
Accordingly, our business, financial condition, results of operations and prospects may be influenced to a significant degree by political,
economic and social conditions in the PRC generally. The Chinese government continues to play a significant role in regulating industry
development by imposing industrial policies. In addition, in the past the Chinese government has implemented certain measures, including
interest rate adjustment, to control the pace of economic growth. These measures, or other economic, political, or social developments
in China may cause decreased economic activity in the PRC, which may adversely affect our business and operating results.

 Permissions from the PRC Authorities to
Issue Our Common Stock to Foreign Investors

 As of the date of this filing, we (1) are not
required to obtain permissions from any PRC authorities to issue our Common Stock to foreign investors, (2) are not subject to permission
requirements from the China Securities Regulatory Commission (the "CSRC"), the Cyberspace Administration of China (the "CAC")
or any other entity that is required to approve of our PRC subsidiary's operations, and (3) have not received or were denied such
permissions by any PRC authorities. Nevertheless, the General Office of the Central Committee of the Communist Party of China and the
General Office of the State Council jointly issued the "Opinions on Severely Cracking Down on Illegal Securities Activities According
to Law," or the Opinions, which were made available to the public on July 6, 2021. The Opinions emphasized the need to strengthen
the administration over illegal securities activities, and the need to strengthen the supervision over overseas listings by Chinese companies.
Given the current PRC regulatory environment, it is uncertain when and whether we will be required to obtain permission from the PRC government
to list on U.S. exchanges in the future, and even when such permission is obtained, whether it will be denied or rescinded. We have
been closely monitoring regulatory developments in China regarding any necessary approvals from the CSRC or other PRC governmental authorities
required for overseas listings, including this offering. As of the date of this prospectus, we have not received any inquiry, notice,
warning, sanctions or regulatory objection to this offering from the CSRC or other PRC governmental authorities. However, there remains
significant uncertainty as to the enactment, interpretation and implementation of regulatory requirements related to overseas securities
offerings and other capital markets activities.

 On December 24, 2021, the CSRC released the Administrative
Provisions of the State Council Regarding the Overseas Issuance and Listing of Securities by Domestic Enterprises and the Measures for
the Overseas Issuance of Securities and Listing Record-Filings by Domestic Enterprises, both of which had a comment period that expired
on January 23, 2022, and if enacted, may subject us to additional compliance requirement in the future. According to Relevant Officials
of the CSRC Answered Reporter Questions("CSRC Answers"), after the Administration Provisions and Measures are implemented
upon completion of public consultation and due legislative procedures, the CSRC will formulate and issue guidance for filing procedures
to further specify the details of filing administration and ensure that market entities could refer to clear guidelines for filing, which
means it still takes time to make the Administration Provisions and Measures into effect. As the Administration Provisions and Measures
have not yet come into effect, we are currently unaffected. However, according to CSRC Answers, only new initial public offerings and
refinancing by existent overseas listed Chinese companies will be required to go through the filing process; other existent overseas listed
companies will be allowed sufficient transition period to complete their filing procedure, we will certainly go through the filing process
in the future, perhaps because of refinancing or given by sufficient transition period to complete filing procedure as an existent overseas
listed Chinese company.

 However, it is uncertain when the Administration Provision and the
Measures will take effect or if they will take effect as currently drafted. If it is determined in the future that the approval of the
CSRC, the CAC or any other regulatory authority is required for this offering, we may face sanctions by the CSRC, the CAC or other PRC
regulatory agencies. These regulatory agencies may impose fines and penalties on our operations in China, limit our ability to pay dividends
outside of China, limit our operations in China, delay or restrict the repatriation of the proceeds from this offering into China or take
other actions that could have a material adverse effect on our business, financial condition, results of operations and prospects, as
well as the trading price of our securities. The CSRC, the CAC, or other PRC regulatory agencies also may take actions requiring us, or
making it advisable for us, to halt this offering before settlement and delivery of our Common Stock. Consequently, if you engage in market
trading or other activities in anticipation of and prior to settlement and delivery, you do so at the risk that settlement and delivery
may not occur. In addition, if the CSRC, the CAC or other regulatory PRC agencies later promulgate new rules requiring that we obtain
their approvals for this offering, we may be unable to obtain a waiver of such approval requirements, if and when procedures are established
to obtain such a waiver. Any uncertainties and/or negative publicity regarding such an approval requirement could have a material adverse
effect on the trading price of our securities.

 We have incurred operating losses, and have no current source
of revenue

 We do not expect to generate revenues until we further our business
model. We can provide no assurance that we will produce any material revenues for our stockholders, or that our contemplated business
will operate on a profitable basis. We have generated no revenue for the last two fiscal years that are reported in this statement.

 We will, likely, sustain operating expenses without corresponding revenues,
at least until we generate more business from gyms and our marketing efforts increase the popularity of our brand. This may result in
our incurring a net operating loss that will increase until we increase our client base. We cannot assure you that any such business will
be profitable at the time.

 Our capital resources may not be sufficient to meet our capital
requirements, and in the absence of additional resources we may have to curtail or cease business operations

 We have historically generated negative cash flow and losses from operations
and could experience negative cash flow and losses from operations in the future. Our independent auditors have included an explanatory
paragraph in their report on our financial statements for the fiscal years ended December 31, 2023, and 2022 expressing doubt regarding
our ability to continue as a going concern. We currently only have a minimal amount of cash available, which will not be sufficient to
fund our anticipated future operating needs. The Company will need to raise substantial sums to implement its business plan. There can
be no assurance that the Company will be successful in raising funds. To the extent that the Company is unable to raise funds, we will
be required to reduce our planned operations or cease any operations.

 We may encounter substantial competition in the public company
compliance consulting industry and our failure to compete effectively may adversely affect our ability to generate revenue

 We believe that existing and new competitors will continue to improve
in cost control and performance in whatever business we acquire. We have a good number of competitors, and we will be required to continue
to invest in service development and productivity improvements to compete effectively in our industry. Our competitors could develop innovative
services or undertake more aggressive and costly marketing campaigns than ours, which may adversely affect our marketing strategies and
could have a material adverse effect on our business, results of operations and financial condition.

 Regulatory approvals for our services

 At this time the Company is subject to OTC Markets and Securities and
Exchange Commission regulations relating to our business model. However, our future business may be subject to additional laws and regulations.

 We may face a number of risks associated with our business services,
including the possibility that we may incur substantial debt or convertible debt, which could adversely affect our financial condition

 We intend to use reasonable efforts to continue our business within
the industry of regulatory compliance consulting for public companies. The risks commonly encountered in implementing and maintaining
a business plan is insufficient revenues to offset increased expenses associated with operating expenses, marketing, and possibly finding
a merger candidate. Additionally, we operate a small business at this time so our expenses are likely to increase, and it is possible
that we may incur substantial debt or convertible debt in order to grow our business, which can adversely affect our financial condition.
Incurring a substantial amount of debt or convertible debt may require us to use a significant portion of our cash flow to pay principal
and interest on the debt, which will reduce the amount available to fund working capital, capital expenditures, and other general purposes.
Our indebtedness may negatively impact our ability to operate our business and limit our ability to borrow additional funds by increasing
our borrowing costs, and impact the terms, conditions, and restrictions contained in possible future debt agreements, including the addition
of more restrictive covenants; impact our flexibility in planning for and reacting to changes in our business as covenants and restrictions
contained in possible future debt arrangements may require that we meet certain financial tests and place restrictions on the incurrence
of additional indebtedness and place us at a disadvantage compared to similar companies in our industry that have less debt.

 Our future success is highly dependent on the ability of management
to locate and attract suitable business opportunities and our stockholders will not know what business we will enter into until we consummate
a transaction with the approval of our then existing directors and officers

 At this time, we have a small operation and continued implementation
of our business model is highly speculative, there is a consequent risk of loss of an investment in the Company. The success of our operations
will depend to a great extent on the operations, financial condition and management of future business and internal development. While
management intends to seek businesses opportunities with entities having established operating histories in additional to our marketing
efforts, we cannot provide any assurance that we will be successful in locating opportunities meeting that criterion. The success of our
operations will be dependent upon management, its financial position and numerous other factors beyond our control.

 The Company has a limited operating history

 Although CHJI has was incorporated in 2009, we have a limited operating
history. The Company has undergone several changes in our corporate name, nature of business, and subsidiaries being sold off.

 The Company was in the industry of mining and now in the business of
clean energy. The Company has been unable to continue its business model due to lack of securing capital to fulfill its obligations.

 CHJI has, as of this filing, incurred losses throughout its operating
history. CHJI was ultimately abandoned by management in 2017 due to the lack of capital to continue its operations.

 Current management has implemented a new business model and plans to
grow the company, however CHJI has limited operating history in its current industry, regulatory compliance for small public companies.

 Investing in our Company involves a high degree of risk. Our ability
to grow, retain and engage new clients, while increasing our revenue depends on our ability to successfully market our services.
We have generated no revenue to date and our ability to continue operations is not presently known. Risks we consider immaterial could
ultimately harm our business. If we don't raise sufficient capital to maintain operations, market our services, and grow our clientele,
we will be unable to continue our business model. Our stock could decline, and investors may lose all or part of your investment.

 We have incurred increased costs as a result of becoming a reporting
company, and given our limited capital resources, such additional costs may have an adverse impact on our profitability.

 We are an SEC reporting company. The Company is currently a small business
and has limited revenue. However, the rules and regulations under the Exchange Act require a public company to provide periodic reports
The engagement of such services can be costly, and the Company is likely to incur losses, which may adversely affect the Company's
ability to continue as a going concern. In addition, the Sarbanes-Oxley Act of 2002, as well as a variety of related rules implemented
by the SEC, have required changes in corporate governance practices and generally increased the disclosure requirements of public companies.
For example, as a result of becoming a reporting company, we are required to file periodic and current reports and other information with
the SEC, and we must adopt policies regarding disclosure controls and procedures and regularly evaluate those controls and process.

 The additional costs we have incurred in connection with becoming a
reporting company will serve to further stretch our limited capital resources. The expenses incurred for filing periodic reports and implementing
disclosure controls and procedures may be as high as $50,000 USD annually. In other words, due to our limited resources, we may have to
allocate resources away from other productive uses to pay any expenses we incur in order to comply with our obligations as an SEC reporting
company. Further, there is no guarantee that we will have sufficient resources to meet our continued reporting and filing obligations
with the SEC as they come due.

 The time and cost of preparing a private company to become a
public reporting company may preclude us from entering into an acquisition or merger with the most attractive private companies

 From time to time the Company may come across target merger companies.
These companies may fail to comply with SEC reporting requirements may delay or preclude acquisitions. Sections 13 and 15(d) of the Exchange
Act require reporting companies to provide certain information about significant acquisitions, including certified financial statements
for the company acquired, covering one or two years, depending on the relative size of the acquisition. The time and additional costs
that may be incurred by some target entities to prepare these statements may significantly delay or essentially preclude consummation
of an acquisition. Otherwise, suitable acquisition prospects that do not have or are unable to obtain the required audited statements
may be inappropriate for acquisition so long as the reporting requirements of the Exchange Act are applicable.

 A Business merger may result in a change of control and a change
of management

 In conjunction with a business acquisition, it is anticipated that
we may issue an amount of our authorized but unissued common or preferred stock which represents the majority of the voting power and
equity of our capital stock, which would result in stockholders of a target company obtaining a controlling interest in us. As a condition
of the business combination agreement, our current stockholders may agree to sell or transfer all or a portion of our common stock as
to provide the target company with all or majority control. The resulting change in control may result in removal of our present officers
and directors and a corresponding reduction in or elimination of their participation in any future affairs.

 We depend on our officers and the loss of their services would
have an adverse effect on our business

 We have one officer and director of the Company, and this is critical
to our chances for business success. We are dependent on her services to operate our business and the loss of this person would have an
adverse impact on our future operations until such time she could be replaced, if she could be replaced. We do not have employment contracts
or employment agreements with our officer, and we do not carry key man life insurance on her life.

 Because we are significantly smaller than some of our competitors,
we may lack the resources needed to capture market share

 We are at a disadvantage as smaller operating company; we are a development
stage business. Many of our competitors have already established their business, more established market presence, and substantially greater
financial, marketing, and other resources than do we. New competitors may emerge and may develop new or innovative services that compete
directly with our business services. No assurance can be given that we will be able to compete successfully within the public company
compliance industry.

 Our ability to use our net operating loss carry-forwards and
certain other tax attributes may be limited

 We have incurred losses during our history. To the extent that we continue
to generate taxable losses, unused losses will carry forward to offset future taxable income, if any, until such unused losses expire.
Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, if a corporation undergoes an "ownership change,"
generally defined as a greater than 50% change (by value) in its equity ownership over a three-year period, the corporation's ability
to use its pre-change net operating loss carry-forwards, or NOLs, and other pre-change tax attributes (such as research tax credits) to
offset its post-change income may be limited. We may experience ownership changes in the future because of subsequent shifts in our stock
ownership. As a result, if we earn net taxable income, our ability to use our pre-change net operating loss carryforwards to offset U.S.
federal taxable income may be subject to limitations, which could potentially result in increased future tax liability to us. In addition,
at the state level, there may be periods during which the use of NOLs is suspended or otherwise limited, which could accelerate or permanently
increase state taxes owed.

 Our ability to hire and retain key personnel will be an important
factor in the success of our business and a failure to hire and retain key personnel may result in our inability to grow our business

 Our management has extensive experience when acting in the officer
and director capacity, however we will need to hire additional personnel and we may not be able to attract and retain the necessary qualified
personnel. If we are unable to retain or to hire qualified personnel as required, we may not be able to adequately manage and continue
our business model.

 Legal disputes could have an impact on our Company

 We engage in business matters that are common to the business world
that can result in disputations of a legal nature. In the event the Company is ever sued or finds it necessary to bring suit against
others, there is the potential that the results of any such litigation could have an adverse impact on the Company.

 Breaches in data security and lapses in data privacy may adversely
impact our business operations

 We have not been impacted by breaches in data security or lapses in
data privacy, which may occur from time to time. These can vary in scope and intent from motivated driven attacks to malicious attacks
intended to disrupt or compromise our operations by targeting our operating system. Breach or circumvention of our system or the systems
of third parties, including by ransomware or malware, through vulnerabilities in licensed software or hardware, or as a result of other
attacks may lead to disruptions in our business operations; unauthorized access to (or the loss of company access to) competitively sensitive,
confidential or other critical data (including sensitive financial or business information) or systems; loss of customers; financial losses;
regulatory investigations, enforcement actions and fines; litigation; and misuse or corruption of critical data and proprietary information,
any of which could be material.

 Additionally, we may rely on third parties in helping us to implement
and manage our cyber security risk management processes. Any measures that we take, and such third parties take to avoid, detect, mitigate,
or recover from material cyber security threats or incidents can be expensive, and may be insufficient, circumvented, or may become ineffective.

 Risks Related to Our Shareholders and Shares of Common Stock

 Our Company is currently listed as Pink Current Information on
the OTC Markets platform

 Our stock quote is currently listed on OTC Markets. The market for
our stock is uncertain at this time. Our stock is not eligible for proprietary broker-dealer quotations. All quotes in our stock reflect
unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations.
Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to
publish competing quotes and provide continuous market making. Our securities could be particularly illiquid due to being listed on this
market and that if we remain on the Pink Current Information, it could impede a potential merger, acquisition, reverse merger or our current
business pursuant to which the company could cease to be an operating company.

 The regulation of penny stocks by the SEC may discourage the
tradability of our securities.

 We are a "penny stock" company. Our common stock trades on
the OTCQB and we are subject to a SEC rule that imposes special sales practice requirements upon broker-dealers who sell such securities
to persons other than established customers or accredited investors. For purposes of the rule, the phrase "accredited investors"
means, in general terms, institutions with assets in excess of $5,000,000, or individuals having a net worth in excess of $1,000,000 or
having an annual income that exceeds $200,000 (or that, when combined with a spouse's income, exceeds $300,000). For transactions covered
by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written agreement
to the transaction prior to the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently,
the rule will affect the ability of investors to sell their securities in any market that might develop therefore because it imposes additional
regulatory burdens on penny stock transactions.

 In addition, the SEC has adopted a number of rules to regulate "penny
stocks". Such rules include Rules 3a51-1, 15g-1, 15g-2, 15g-3, 15g-4, 15g-5, 15g-6, 15g-7, and 15g-9 under the Securities Exchange
Act of 1934, as amended. Because our securities constitute "penny stocks" within the meaning of the rules, the rules would apply
to us and to our securities. The rules will further affect the ability of owners of shares to sell our securities in any market that might
develop for them because it imposes additional regulatory burdens on penny stock transactions.

 Shareholders should be aware that, according to the SEC, the market
for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (i) control of the market for the
security by one or a few broker-dealers that are often related to the promoter or issuer; (ii) manipulation of prices through prearranged
matching of purchases and sales and false and misleading press releases; (iii) "boiler room" practices involving high-pressure
sales tactics and unrealistic price projections by inexperienced sales persons; (iv) excessive and undisclosed bid-ask differentials and
markups by selling broker-dealers; and (v) the wholesale dumping of the same securities by promoters and broker-dealers after prices have
been manipulated to a desired consequent investor losses. Our management is aware of the abuses that have occurred historically in the
penny stock market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate
in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established
with respect to our securities.

 There is presently a limited public market for our securities

 Our common stock trades on an unsolicited basis only on the OTC Markets,
and an active market may never develop. Future sales of our common stock by existing stockholders pursuant to an effective registration
statement or upon the availability of Rule 144 could adversely affect the market price of our common stock. A shareholder who decides
to sell some, or all, of their shares in a private transaction may be unable to locate persons who are willing to purchase the shares,
given the restrictions. Also, because of the various risk factors described above, the price of the publicly traded common stock may be
highly volatile and not provide the true market price of our common stock.

 Our stock trades on an unsolicited basis only, so you may be
unable to sell your shares at or near the quoted bid prices if you need to sell a significant number of your shares

 Even if our stock becomes trading, it is likely that our common stock
will be thinly traded, meaning that the number of persons interested in purchasing our common shares at or near bid prices at any given
time may be relatively small or non-existent. This situation is attributable to a number of factors, including the fact that we are a
small company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment community
that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse and would
be reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time as we became
more seasoned and viable. Consequently, there may be periods of several days or more when trading activity in our shares is minimal or
non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support continuous
sales without an adverse effect on share price. We cannot give you any assurance that a broader or more active public trading market for
our common shares will develop or be sustained, or that current trading levels will be sustained. Due to these conditions, we can give
you no assurance that you will be able to sell your shares at or near bid prices or at all if you need money or otherwise desire to liquidate
your shares.

 We may issue more shares in an acquisition or merger, which will
result in substantial dilution

 Our Articles of Incorporation, as amended, authorize the Company to
issue an aggregate of 500,000,000 shares of common stock of which 64,629,559 shares are currently outstanding and 5,000,000 shares of
Preferred Stock are authorized, of which 10,000,000 shares of Series C Convertible Preferred Stock are authorized and 1,000,000 are outstanding.

 Any acquisition or merger effected by the Company may result in the
issuance of additional securities without stockholder approval and may result in substantial dilution in the percentage of our common
stock held by our then existing stockholders. If our convertible preferred stockholders choose to convert their stocks to common stocks,
the stocks they receive are newly issued. This increases the total number of common shares. Because the number of common shares increases
while the value of the company remains the same, the value of existing shares goes down. In other words, the new common shares dilute
the value of all the common shares, which drives down the share price, give current shareholders fewer voting rights and less ownership
of the company.

 Moreover, shares of our common stock issued in any such merger or acquisition
transaction may be valued on an arbitrary or non-arm's-length basis by our management, resulting in an additional reduction in the
percentage of common stock held by our then existing stockholders. In an acquisition type transaction, our Board of Directors has the
power to issue any, or all, of such authorized but unissued shares without stockholder approval. To the extent that additional shares
of common stock are issued in connection with a business combination or otherwise, dilution to the interests of our stockholders will
occur and the rights of the holders of common stock might be materially adversely affected.

 Obtaining additional capital though the sale of common stock
will result in dilution of stockholder interests

 We may raise additional funds in the future by issuing additional shares
of common stock or other securities, which may include securities such as convertible debentures, warrants or preferred stock that are
convertible into common stock. Any such sale of common stock or other securities will lead to further dilution of the equity ownership
of existing holders of our common stock. Additionally, the existing conversion rights may hinder future equity offerings, and the exercise
of those conversion rights may have an adverse effect on the value of our stock. If any such conversion rights are exercised at a price
below the then current market price of our shares, then the market price of our stock could decrease upon the sale of such additional
securities. Further, if any such conversion rights are exercised at a price below the price at which any stockholder purchased shares,
then that particular stockholder will experience dilution in his or her investment.

 Our director has the authority to authorize the issuance of preferred
stock

 Our Articles of Incorporation, as amended, authorize the Company to
issue an aggregate of 10,000,000 shares of Preferred Stock. Our directors, without further action by our stockholders, have the authority
to issue shares to be determined by our board of directors of Preferred Stock with the relative rights, conversion rights, voting rights,
preferences, special rights, and qualifications as determined by the board without approval by the shareholders. Any issuance of Preferred
Stock could adversely affect the rights of holders of common stock. Additionally, any future issuance of preferred stock may have the
effect of delaying, deferring, or preventing a change in control of the Company without further action by the shareholders and may adversely
affect the voting and other rights of the holders of common stock. Our Board does not intend to seek shareholder approval prior to any
issuance of currently authorized stock, unless otherwise required by law or stock exchange rules.

 We have never paid dividends on our common stock, nor are we
likely to pay dividends in the foreseeable future. Therefore, you may not derive any income solely from ownership of our stock

 We have never declared or paid dividends on our common stock and do
not presently intend to pay any dividends in the foreseeable future. We anticipate that any funds available for payment of dividends will
be re-invested into the Company to further our business strategy. This means that your potential for economic gain from ownership of our
stock depends on appreciation of our stock price and will only be realized by a sale of the stock at a price higher than your purchase
price.

 If we are unable to establish appropriate internal financial
reporting controls and procedures, it could cause us to fail to meet our reporting obligations, result in the restatement of our financial
statements, harm our operating results, subject us to regulatory scrutiny and sanction, cause investors to lose confidence in our reported
financial information and have a negative effect on the market price for shares of our common stock.

 Effective internal controls are necessary for us to provide reliable
financial reports and to prevent fraud effectively. We maintain a system of internal control over financial reporting, which is defined
as a process designed by, or under the supervision of, our principal executive officer and principal financial officer, or persons performing
similar functions, and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles.

 As a public company, we have significant requirements for enhanced
financial reporting and internal controls. We are required to document and test our internal control procedures in order to satisfy the
requirements of Section 404 of the Sarbanes-Oxley Act of 2002, which requires annual management assessments of the effectiveness
of our internal controls over financial reporting. The process of designing and implementing effective internal controls is a continuous
effort that requires us to anticipate and react to changes in our business and economic and regulatory environments, and to expend significant
resources to maintain a system of internal controls that is adequate to satisfy our reporting obligations as a public company.

 We cannot assure you that we will, in the future, identify areas requiring
improvement in our internal control over financial reporting. We cannot assure you that the measures we will take to remediate any areas
in need of improvement will be successful or that we will implement and maintain adequate controls over our financial processes and reporting
in the future as we continue our growth. If we are unable to establish appropriate internal financial reporting controls and procedures,
it could cause us to fail to meet our reporting obligations, result in the restatement of our financial statements, harm our operating
results, subject us to regulatory scrutiny and sanction, cause investors to lose confidence in our reported financial information and
have a negative effect on the market price for shares of our common stock.

 Our Articles of Incorporation provide our directors with limited
liability.

 Our Articles of Incorporation state that our directors shall not be
personally liable to us or any stockholder for monetary damages for breach of fiduciary duty as a director, except for any matter in respect
of which such director shall be liable under Section 78.138(7) of the Nevada Revised Statutes (the "NRS") or shall be liable
because the director (1) shall acted or omitted to act which involves intentional misconduct, fraud or a knowing violation of law; or
(2) paid dividends in violation of Section 78.300 of the NRS. Our Articles of Incorporation further state that the liability of our directors
shall be eliminated or limited to the fullest extent permitted by the NRS, as it may be amended. These provisions may discourage stockholders
from bringing suit against a director for breach of fiduciary duty and may reduce the likelihood of derivative litigation brought by stockholders
on our behalf against a director.

 Our financial controls and procedures may not be sufficient to
ensure timely and reliable reporting of financial information, which, as a public company, could materially harm our stock price.

 As a public reporting company, we require significant financial resources
to maintain our public reporting status. We cannot assure you we will be able to maintain adequate resources to ensure that we will not
have any future material weakness in our system of internal controls. The effectiveness of our controls and procedures may in the future
be limited by a variety of factors including:

 faulty human judgment and simple errors, omissions or mistakes;

 fraudulent action of an individual or collusion of two or more
people;

 inappropriate management override of procedures; and

 the possibility that any enhancements to controls and procedures
may still not be adequate to assure timely and accurate financial information.

 Our internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles in the United States of America. Our internal control over financial
reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and
that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the
company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition
of the Company's assets that could have a material effect on the financial statements.

 Despite these controls, because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can
provide only reasonable assurance of achieving their control objectives. Furthermore, smaller reporting companies like us face additional
limitations. Smaller reporting companies employ fewer individuals and can find it difficult to employ resources for complicated transactions
and effective risk management. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack
a rigorous set of software controls.

 Our management assessed the effectiveness of our internal control over
financial reporting as of December 31, 2023 and concluded as a result of material weaknesses in our internal control over financial reporting,
our disclosure controls and procedures were not effective as of December 31, 2023 The ineffectiveness of our disclosure controls and procedures
was due to the following material weaknesses our internal control over financial reporting, which are common to many small companies:
(1) lack of sufficient personnel commensurate with the Company's reporting requirements; (2) the Company did not consistently establish
appropriate authorities and responsibilities in pursuit of the Company's financial reporting objectives; and (3) insufficient written
documentation or training of internal control policies and procedures which provide staff with guidance or framework for accounting and
disclosing financial transactions (4) the Company has only one officer and director.

 If we fail to have effective controls and procedures for financial
reporting in place, we could be unable to provide timely and accurate financial information and be subject to investigation by the Securities
and Exchange Commission (the "SEC") and civil or criminal sanctions.

 Because our directors and executive officers are among our largest
stockholders, they can exert significant control over our business and affairs and have actual or potential interests that may depart
from those of investors.

 Certain of our executive officers and directors own a significant percentage
of shares of our outstanding capital stock. As of the date of this prospectus, our executive officers and directors and their respective
affiliates beneficially own 100% of the outstanding voting stock for our Preferred C shares. The holdings of our directors and executive
officers may increase further in the future upon vesting or other maturation of exercise rights under any of the options or warrants they
may hold or in the future be granted, or if they otherwise acquire additional shares of our common stock. The interests of such persons
may differ from the interests of our other stockholders. As a result, in addition to their board seats and offices, such persons will
have significant influence and control over all corporate actions requiring stockholder approval, irrespective of how our company's
other stockholders may vote, including the following actions:

 to elect or defeat the election of our directors; and

 to amend or prevent amendment of our articles of incorporation
or by-laws; and

 to effect or prevent a merger, sale of assets or other corporate
transaction; and

 to control the outcome of any other matter submitted to our stockholders
for a vote.

 As a result, our sole office and director, and controlling shareholder,
can determine the outcome of any actions taken by us that require stockholder approval. For example, she will be able to elect all our
directors, control the policies and practices of the Company and control the outcome of any proposed business combination.

 This concentration of ownership by itself may have the effect of impeding
a merger, consolidation, takeover or other business consolidation, or discouraging a potential acquirer from making a tender offer for
our common stock, which in turn could reduce the price of the shares of our common stock price or prevent our stockholders from realizing
a premium over the price of our common stock. Investing in our stock is risky and investors could lose their entire investment.

 In addition, Section 13 of our By-laws state the following:

 Section 13 Super Majority
Votes: Motions on the following issues shall require the vote of at least sixty-five percent (65%) of the Stockholders to carry:

 A.

 Amending these By-Laws;

 B.

 Capital Contributions;

 C.

 Removal of the Director or any Officer;

 D.

 Issuing New Shares of stock;

 E.

 Issuing New Classes of Shares;

 F.

 Terminating or rejecting the defense or indemnity of any Director, Officer, agent, or employee; and

 G.

 Terminating, Dissolving, or winding down the business affairs of the Corporation or liquidating more than half of the assets and property of the Corporation.

 Our Preferred A shareholder has over 65% of the voting shares and will
carry the necessary votes to determine the outcome for all the above-mentioned actions.

 Section 15 of our By-laws state the following:

 Section 15 Stock Transfer Restrictions. A
Stockholder contemplating a sale or transfer of any shares of Stock in the Corporation to any third party shall first provide written
Notice of Intent to Sell Stock to the Board and all the other Stockholders which shall include the name of the proposed purchaser and
the full terms and conditions of the proposed sale. The other Stockholders shall have thirty (30) days from Notice of Intent t2o Sell
Stock to give written Notice of Intent to Purchase Stock on the same terms and conditions as set forth in the Notice of Intent to Sell
Stock.

 If no Stockholder gives Notice of Intent to Purchase Stock within thirty
(30) days, then the Stockholder may sell as set forth in the Notice of Intent to Sell Stock provided that a majority of the remaining
Stockholders approve the sale or transfer to the proposed third-party purchaser.

 Any purported sale or transfer of shares of Stock in the Corporation
undertaken without compliance with all the provisions of Section 15 shall be void and without effect.

 Any potential purchaser of shares of Stock in the Corporation Buyer
shall be advised of the restrictions imposed by these By-Laws and Nevada law, including but not limited to Chapters 78, 78A, and 90 of
the Nevada Revised Statutes.

 Under Section 78.242 of the Nevada Revised Statutes, this provision
applies to the holders of restricted stock that has not been registered in is being sold or transferred in a private sale. It is the policy
of our Board to review the private sale and approve the sale if all required documentation is in order. The majority stockholder must
also approve the sale. In this case, it is our Preferred C Stock shareholder, who is also our officer and director.

 The Financial Industry Regulatory Authority, or FINRA, has adopted
sales practice requirements that may also limit a stockholder's ability to buy and sell our stock.

 In addition to the "penny stock" rules described above,
FINRA has adopted rules that require that, in recommending an investment to a customer, a broker-dealer must have reasonable grounds for
believing that the investment is suitable for that customer. Prior to recommending speculative low-priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status,
investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that
speculative low-priced securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker-dealers
to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect
on the market for our shares.

 Trends, Risks and Uncertainties

 We have sought to identify what we believe to be the most significant
risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we
have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment
decision with respect to our common stock.

 Item 1B.

 Unresolved Staff Comments

 None.

 Item 1C.

 Cybersecurity

 Risk management and strategy

 We have limited exposure to cybersecurity threats. We have established
policies and processes for assessing, identifying, and managing material risk from cybersecurity threats, and have integrated these processes
into our overall risk management systems and processes. We routinely assess material risks from cybersecurity threats, including any potential
unauthorized occurrence on or conducted through our information systems that may result in adverse effects on the confidentiality, integrity,
or availability of our information systems or any information residing therein.

 We conduct periodic risk assessments to identify cybersecurity threats,
as well as assessments in the event of a material change in our business practices that may affect information systems that are vulnerable
to such cybersecurity threats. These risk assessments include identification of reasonably foreseeable internal and external risks, the
likelihood and potential damage that could result from such risks, and the sufficiency of existing policies, procedures, systems, and
safeguards in place to manage such risks.

 Following these risk assessments, we re-design, implement, and maintain
reasonable safeguards to minimize identified risks; reasonably address any identified gaps in existing safeguards; and regularly monitor
the effectiveness of our safeguards. Primary responsibility for assessing, monitoring, and managing our cybersecurity risks rests with
our Chief Executive Officer and will employee the expertise of an IT consultant if our risk management assessment warrants.

 As part of our overall risk management system, our CEO will monitor
and test our safeguards, in collaboration with outside IT consultants.

 We will engage consultants, or other third parties in connection with
our risk assessment processes. These service providers will assist us to design and implement our cybersecurity policies and procedures,
as well as to monitor and test our safeguards. We require each third-party service provider to certify that it has the ability to implement
and maintain appropriate security measures, consistent with all applicable laws, to implement and maintain reasonable security measures
in connection with their work with us, and to promptly report any suspected breach of its security measures that may affect our company.

 We have not encountered cybersecurity challenges that have materially
impaired our operations or financial standing. For additional information regarding risks from cybersecurity threats, please refer to
Item 1A, "Risk Factors," in this annual report on Form 10-K.

 Governance

 We maintain informed oversight of our risk management process, including
risks from cybersecurity threats. Our board of directors and chief executive officer are responsible for monitoring and assessing strategic
risk exposure, the day-to-day management of the material risks we face. Our board of directors and executive officer administer our cybersecurity
risk oversight regarding third party providers.

 Item 2.

 Properties

 We do not own any property or rent office space.

 Item 3.

 Legal Proceedings

 There are not any material pending legal proceedings
to which the Registrant is a party or as to which any of its property is subject, and no such proceedings are known to the Registrant
to be threatened or contemplated against it.

 Item 4.

 Mine Safety Disclosures

 N/A

 Item 5.

 Market Price and Dividends on the Registrant's Common Equity and Related Stockholder Matters

 (a) Market information.

 Our Common Stock is not trading on any stock exchange.
It is listed, but not quoted, OTC Markets under the symbol CHJI and there is no established public trading market for the class of common
equity.

 Fiscal Year 2023

 HIGH

 LOW

 First Quarter (Jan. 1, 2022 – March 31, 2023)

 $

.125

 $

. 012

 Second Quarter (April 1, 2022– June 30, 2023)

.012

.06

 Third Quarter (July 1, 2022 – Sept. 30, 2023)

.047

.015

 Fourth Quarter (Oct. 1, 2022 – Dec. 31, 2023)

.028

. 009

 Fiscal Year 2022

 First Quarter (Jan. 1, 2022 – March 31, 2022)

 $

.02

 $

.019

 Second Quarter (April 1, 2022– June 30, 2022)

.058

.011

 Third Quarter (July 1, 2022 – Sept. 30, 2022)

.058

.016

 Fourth Quarter (Oct. 1, 2022 – Dec. 31, 2022)

.125

.016

 Holders

 (b) Holders.

 As of December 31, 2023, there are approximately
3,581 holders of an aggregate of 64,629,559 shares of our Common Stock issued and outstanding.

 (c) Dividends.

 We have not declared any cash dividends on our
Common Stock since our inception and do not anticipate paying such dividends in the foreseeable future. We plan to retain any future earnings
for use in our business. Any decisions as to future payments of dividends will depend on our earnings and financial position and such
other facts, as the Board of Directors deems relevant.

 (d) Securities authorized for issuance under equity
compensation plans.

 We have not adopted an equity compensation plan
and no securities have been authorized or reserved for issuance under any equity compensation plan.

 Description of Securities

 The following description is a summary of the
material terms of the provisions of our Articles of Incorporation and Bylaws. The Articles of Incorporation and Bylaws have been filed
with the SEC as exhibits to our registration statement on Form 10.

 Common Stock

 We are authorized to issue 500,000,000 shares
of Common Stock with $0.001 par value per share. As of our fiscal year ended December 31, 2023, there were 64,629,559 shares of Common
Stock issued and outstanding.

 Each share of Common Stock entitles the holder
to one vote, either in person or by proxy, at meetings of stockholders. Accordingly, the holders of our Common Stock who hold, in the
aggregate, more than fifty percent of the total voting rights can elect all of our directors and, in such event, the holders of the remaining
minority shares will not be able to elect any of such directors. The vote of the holders of a majority of the issued and outstanding shares
of Common Stock entitled to vote thereon is sufficient to authorize, affirm, ratify or consent to such act or action, except as otherwise
provided by law.

 Holders of Common Stock are entitled to receive
ratably such dividends, if any, as may be declared by the Board of Directors out of funds legally available. We have not paid any dividends
since our inception, and we presently anticipate that all earnings, if any, will be retained for development of our business. Any future
disposition of dividends will be at the discretion of our Board of Directors and will depend upon, among other things, our future earnings,
operating and financial condition, capital requirements, and other factors.

 Holders of our Common Stock have no preemptive
rights or other subscription rights, conversion rights, redemption or sinking fund provisions. Upon our liquidation, dissolution or windup,
the holders of our Common Stock will be entitled to share ratably in the net assets legally available for distribution to stockholders
after the payment of all of our debts and other liabilities. There are not any provisions in our Articles of Incorporation or our Bylaws
that would prevent or delay change in our control.

 Our stock transfer agent is Securities Transfer Corporation., located
at 2901 N. Dallas Parkway, Suite 380, Plano, TX, 75093.

 Preferred Stock

 Our Articles of Incorporation, as amended, authorizes
the issuances of up to 10,000,000 shares of Preferred Stock with the following designations, rights, and preferences:

 One (1) share of the as Convertible Series C Preferred
Stock shall be converted into one thousand (1,000) shares of common stock of the Corporation and entitled to one thousand (1,000) votes
of common stock for every one (1) share of as Convertible Series C Preferred Stock owned. The holders of the Convertible Series C Preferred
Stock shall not be entitled to receive dividends.

 From time to time its Board of Directors may amend
the Preferred class of stock. Accordingly, our Board of Directors is empowered, without stockholder approval, to issue Preferred Stock
with dividend, liquidation, conversion, voting, or other rights, which could adversely affect the voting power or, other rights of the
holders of the Common Stock. In the event of issuance, the Preferred Stock could be utilized, under certain circumstances, as a method
of discouraging, delaying or preventing a change in control of the Company.

 At this time there are 10,000,000 shares of Preferred
Stock authorized as Convertible Series C Preferred Stock and 1,000,000 are issued and outstanding.

 Due to Related Parties

 All amounts due to related parties are denominated
in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve
months from December 31, 2023. Details of amounts due to related parties are as follows:

 Related parties

 Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 $
 352,843

 $
 358,825

 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 12,184

 12,391

 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 36,696

 37,319

 Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 56,737

 57,699

 Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 57,744

 58,724

 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company

 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 114,865

 116,812

 Total

 $
 631,929

 $
 642,645

 Due to Shareholders

 All amounts due to shareholders are denominated
in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve
months from December 31, 2023. Details of amounts due to shareholders are as follows:

 Shareholders

 Wang Shengli

 $
 442,307

 $
 449,808

 Zhang Hongjun

 856,278

 870,798

 Chen Min

 540,943

 550,115

 Total

 $
 1,839,528

 $
 1,870,721

 Item 6.

 [Reserved]

 N/A

 Item 7.

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

 INTRODUCTION

 This section provides management's discussion
of the financial condition, changes in financial condition and results of operations of China Changjiang Mining & New Energy Co.,
Ltd. with specific information on results of operations and liquidity and capital resources. It includes management's interpretation
of our financial results, the factors affecting these results, the major factors expected to affect future operating results and future
investment and financing plans. This discussion should be read in conjunction with our consolidated financial statements and notes thereto.

 Cautionary Statement for the Purposes of
the Safe Harbor under the Private Securities Litigation Reform Act of 1995

 The statements contained in this Annual Report
on Form 10-K may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this Report are
forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. When used in this Report, or any other of our documents or oral presentations, the words
"anticipate", "believe", "estimate", "expect", "forecast", "goal",
"intend", "objective", "plan", "projection", "seek", "strategy"
or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those expressed or implied in the statements relating to our strategy, operations,
markets, services, and other factors all of which are difficult to predict and many of which are beyond our control. Accordingly, while
we believe these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or
that the expectations derived from them will be realized. Further, we undertake no obligation to update or revise any of our forward-looking
statements whether as a result of new information, future events or otherwise.

 Results of Operations for China Changjiang
Mining & New Energy Co., Ltd. — Comparison of the Years ended December 31, 2023 and 2022

 Working Capital

 2023
$

 2022
$

 Current Assets

 –

 –

 Current Liabilities

 1,195,028

 1,215,292

 Working Capital (Deficit)

 (1,195,028
)

 (1,215,292
)

 Cash Flows

 2023
 $

 2022
 $

 Cash Flows used in Operating Activities

 –

 –

 Cash Flows used in Investing Activities

 –

 –

 Cash Flows from Financing Activities

 –

 –

 Net change in Cash During Year

 –

 –

 Revenue

 We had no revenues from operations during either
2023 or 2022.

 Operating Expenses and Net Loss

 During the year ended December 31, 2023, the Company recorded operating
expenses of $62,173 compared to $371,024 during the year ended December 31, 2022, a decrease of $308,851. The decrease in operating expenses
for 2023 was due to a decrease in amounts owed to related parties and shareholders.

 Net loss for the year ended December 31, 2023, was $62,173 as compared
with $371,024 during the year ended December 31, 2022.

 For the year ended December 31, 2023, the Company recorded a loss per
share of $0.00 which is consistent with the year ended December 31, 2022.

 Liquidity and Capital Resources

 As of December 31, 2023, the Company had cash of $0 and total assets
of $0 compared to cash of $0 and total assets of $0 as at December 31, 2022.

 As of December 31, 2023, the Company had total liabilities of $3,666,485
compared with total liabilities of $3,728,658 as of December 31, 2022. The Company incurred liabilities during the year ending 2023 due
to audit fee and amounts due to shareholders and related parties.

 As of December 31, 2023, the Company had a working capital deficit
of $1,195,028 compared with a working capital deficit of $1,215,292 as of December 31, 2022.

 During the year ended December 31, 2023, the Company issued 0 common
shares.

 Cash Flows from Operating Activities

 During the year ended December 31, 2023, the Company used $0 of cash
for operating activities compared with $0 of cash for operating activities during the year ended December 31, 2022.

 Cash Flows from Investing Activities

 During the year ended December 31, 2023, the Company received $0 of
cash for investing activities compared to the incurrence of $0 from investing activities during the year ended December 31, 2022. During
fiscal 2023, the Company's focus was on locating a suitable business merger candidate.

 Cash Flows from Financing Activities

 During the year ended December 31, 2023, the Company received $0 of
proceeds from financing activities compared to proceeds of $0 during the year ended December 31, 2022.

 Going Concern

 The Company has not attained profitable operations and is dependent
upon obtaining financing to pursue any extensive acquisitions and activities. During the year ended December 31, 2023, the Company incurred
a net loss of $62,173 and used cash of $0 for operating activities. As of December 31, 2023, the Company had a working capital deficit
of $1,195,028 and an accumulated deficit of $19,856,628. These factors raise substantial doubt regarding the Company's ability to
continue as a going concern. The audited financial statements included in this Form 10-K does not include any adjustments to the
recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company
be unable to continue as a going concern.

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk.

 As of December 31, 2023, we were not subject to any market or interest
rate risk.

 Item 8.

 Financial Statements and Supplementary Data.

 This information appears following Item 15 of this Report and is included
herein by reference.

 Item 9.

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

 N/A

 Item 9A.

 Controls and Procedures.

 Management's Evaluation of Disclosure Controls and Procedures

 Our disclosure controls and procedures are designed
to provide reasonable assurance that the information required to be disclosed by us in reports that we file or submit under the Exchange
Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate
to allow timely decisions regarding required disclosure and is recorded, processed, summarized and reported within the time periods specified
in the rules and forms of the SEC. Based upon that evaluation, our principal executive officer and principal financial officer concluded
that, as of the end of the period covered by this report, our disclosure controls and procedures were effective at the reasonable assurance
level.

 Management's Report on Internal Control
over Financial Reporting

 Our management, with the participation of our
principal executive officer and principal financial officer, is responsible for establishing and maintaining adequate internal control
over our financial reporting. Our internal control system was designed to provide reasonable assurance to management regarding the preparation
and fair presentation of published financial statements.

 Our management does not expect that our disclosure
controls and procedures or our internal controls over financial reporting will prevent all error and all fraud. A control system, no matter
how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be
considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide
absolute assurance that all control issues, misstatements, errors, and instances of fraud, if any, within our company have been or will
be prevented or detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns
can occur because of simple error or mistake. The design of any system of controls is based in part on certain assumptions about the likelihood
of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future
conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks that internal controls may
become inadequate because of changes in conditions, or through the deterioration of the degree of compliance with policies or procedures.

 Changes in Internal Control over Financial
Reporting

 There was no change in the Company's
internal control over financial reporting that occurred during the year ended December 31, 2023, that has materially affected, or is
reasonably likely to materially affect, our internal control over financial reporting.

 Management's Assessment Regarding Internal
Control Over Financial Reporting

 At the end of the period covered by this Annual
Report on Form 10-K, an evaluation was carried out under the supervision of and with the participation of our management, including the
Principal Executive Officer and the Principal Financial Officer of the effectiveness of the design and operations of our disclosure controls
and procedures (as defined in Rule 13a – 15(e) and Rule 15d – 15(e) under the Exchange Act) as of the end of the period covered
by this report. Based on that evaluation, the Principal Executive Officer and the Principal Financial Officer have concluded that our
disclosure controls and procedures were not effective in ensuring that: (i) information required to be disclosed by the Company in reports
that it files or submits to the Securities and Exchange Commission under the Exchange Act is recorded, processed, summarized, and reported
within the time periods specified in applicable rules and forms and (ii) material information required to be disclosed in our reports
filed under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate, to allow for
accurate and timely decisions regarding required disclosure.

 Disclosure controls and procedures were not effective
due primarily to a material weakness in the segregation of duties in the Company's internal control of financial reporting as discussed
below.

 Internal Control over Financial Reporting

 Management is responsible for establishing and
maintaining adequate internal control over financial reporting for the Company (including its consolidated subsidiaries) and all related
information appearing in our Annual Report on Form 10-K. Our internal control over financial reporting is designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with accounting principles generally accepted in the United States of America

 Management conducted an evaluation of the design
and operation of our internal control over financial reporting as of the end of the period covered by this report, based on the criteria
in a framework developed by the Company's management pursuant to and in compliance with the criteria established. This evaluation
included review of the documentation of controls, evaluation of the design effectiveness of controls, walkthroughs of the operating effectiveness
of controls and a conclusion on this evaluation. Based on this evaluation, management has concluded that our internal control over financial
reporting was not effective, because management identified a material weakness in the Company's internal control over financial
reporting related to the segregation of duties as described below.

 While the Company does adhere to internal controls
and processes that were designed, it is difficult with a very limited staff to maintain appropriate segregation of duties in the initiating
and recording of transactions, thereby creating a segregation of duties weakness. Due to: (i) the significance of segregation of duties
to the preparation of reliable financial statements; (ii) the significance of potential misstatement that could have resulted due to the
deficient controls; and (iii) the absence of sufficient other mitigating controls, we determined that this control deficiency resulted
in more than a remote likelihood that a material misstatement or lack of disclosure within the annual or interim financial statements
may not be prevented or detected.

 Management's Remediation Initiatives

 Management has evaluated, and continues to evaluate,
avenues for mitigating our internal controls weaknesses, but mitigating controls to completely mitigate internal control weaknesses have
been deemed to be impractical and prohibitively costly, due to the size of our organization at the current time. Management expects to
continue to use reasonable care in following and seeking improvements to effective internal control processes that have been and continue
to be in use at the Company.

 Changes in internal controls over financial
reporting

 There were no changes in the Company's internal
control over financial reporting that occurred prior to the Company's most recent financial quarter that materially affected, or
are reasonably likely to materially affect, the Company's internal control over financial reporting.

 Item 9B.

 Other Information.

 During the quarter ended December 31, 2023, no director or officer
of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement,"
as each term is defined in Item 408(a) of Regulation S-K.

 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 N/A

 Item 10.

 Directors, Executive Officers and Corporate Governance

 Our Officers and directors and additional information
concerning them are as follows:

 Name

 Age

 Position

 Yang Chong Yi

 President, CEO, Secretary, Treasurer, Director

 Wenhui Chen

 Hui Huang

 Qunxiang Huang

 Hougang Ji

 Jianbin Jiang

 Shaoxian Mai

 Yitao Ouyang

 Zuha Wan

 Huiyi Xiao

 Officer Bios

 Dr. Yang Chong Yi, President, CEO, Secretary, Treasurer, Director

 Dr. Yang Chong Yi is experienced in both governmental
and private sectors, specializing in investment banking, and merger and acquisitions. Dr. Yang has held the following positions of deputy
chief in the Bureau of Commodity Price in Shanghai Development and Reform Center, sssociate director in Hongkong First Eastern Investment
Group, general manager in Shanghai First Food Investment Management Company, managing director of a state-owned private equity fund

 Dr. Yang also has experience consulting businesses
in preparation for IPOs on listings on NASDAQ in addition to consulting commercial complex projects in the cities of New York and Los
Angeles.

 Dr. Yang Chong Yi is the author of "Winning
at Quitting" and "The Economics of Popularity" and visiting professor at Shanghai Lixin Institute of Finance and Accounting,
a Distinguished Research Institution at the Economic Development Research Center of the Shanghai Municipal Government. Lastly, Dr. Yang
is executive secretary of the Financial and Economic Committee (Shanghai) of the US-China International Chamber of Commerce.

 Wenhui Chen, Director, 2023 to Present

 Ms. Chen is employed with Ya Yun Vocational and Technical
College and has many years of adult teaching experience.

 Ms. Chen has also been employed
in the design industry and was solely responsible for operating garment enterprises for foreign trade (domestic part) Ms. Chen's
duties included design of apparel products throughout the year (including apparel product development, face material selection, apparel
design, accessories matching, market research, etc.), annual apparel production plan and factory
deployment, and docking work with the Customs and Excise Department.

 CXSH Group

 Ms. Chen is on the Board of Directors of Chengxinhui Club. Her duties
include planning of each event of the club and the implementation of the entire event process,
interim internal assistant work of the CEO of CXSH, developing the annual work plan and budget program skills certificate of the administration
department, organizing the formulation of administrative management rules and regulations, supervising and inspecting the implementation
of the system, and improving the administrative management system, collecting and sorting out the company's interna l information, organizing
and compiling the company's memorabilia in time, managing the company's important qualification documents, coordinating the company's
internal administration and personnel work, organizing and coordinating the annual meeting, staff activities, marketing act ivities and
various meetings, responsible for outreach work and handling the company's requir ed licenses, organizing guest reception and related
outreach work Responsible for guiding subordinate staff to make stage work plan, and supervise the execution of department budget, reduce
expenses and costs.

 Fashion Design Major of Ra Yun College

 Senior Fashion Designer Certificate, Health Manager Certificate,
Carbon Emissions Certificate

 Hui Huang, Director, 2023 to Present

 Mr. Huang is co-founder, chairman of the board of directors and chief
executive officer of China Shengxin Shanghui Group Co., Ltd. ("CXSH Group"). Hui Huang has successively served as a visiting
professor at Zhongshan University, Guangzhou University, Guilin Tourism College and other institutions, and an entrepreneurial mentor
at the Innovation Center. He also served as an entrepreneurial mentor for government agencies such as Guangzhou City and Nanning City.
Smart Cities in China Member of the Working Committee, Director of Guangdong Solar Energy Innovation Alliance; Executive Vice President
of Guangzhou Binyang Chamber of Commerce; ICFP Senior International Certified Financial Planner; Senior Economist of BMFN International
Foreign Exchange Trading System,and founder of Beidou Industry Development Fund.

 Mr. Huang has a number of professional works such as "41 Business
Model; Guozuo Dengzi-2019-L-00916309", "The impact of workplace bullying on knowledge hiding (JKM-12-2019-0755. R1)", He
has long-term industrial chain knowledge of the combination of industry and finance has a certain reputation in the domestic and Foreign
Industries Index

 Ph. D. (International) in Finance, National University of Singapore.
Date of birth: 12 December 1988

 Shaoxian Mai, Director, 2023 to Present

 Mai Shaoxian has about 15 years of financial work experience and many
years of marketing work experience. Mr. Shaoxian founded Bandung Company in 1997 and Jiahua Company in 2002. His duties include daily
management duties, sales, investing in real estate, new energy, renewable energy, and environmental protection industry.

 MBA, Sun Yat-sen University

 Yitao Ouyang, Director, 2023 to Present

 Yitao Ouyang has 15 years of experience in the financial industry including
2 years in entrepreneurship, 10 years in banking, 3 years in securities. His duties include wealth management in private banking, business
models analyst, product management, and investment research. Mr. Ouyang was employed at China Zheshang Bank, Guangzhou Branch from 2021
to 2023, Orient Securities from 2019 to 2021, Guangzhou Branch of China Guangfa Bank from 2012 to 2019, and Citibank, N.A, Guangzhou Branch.

 Sun Yat-sen University, degree in Information Science and Technology

 Zuha Wan, Director, 2023 to Present

 Wan Zuhua currently holds a position on the Board of Directors of China
CXSH Group Corporation. Wan Zuhua past work history includes his position as deputy general manager of Guangxi Branch and the general
manager of Guilin Branch of China Real Estate Information Group (Zhongfangxin), a listed company in the United States, and the vice president
of Southwest Region of Sina Leju, managing Director of Guilin Tianlong Advertising, general manager of NetEase News Guangxi Channel, general
manager of NetEase Cloud Guangxi Region, founder of Nanning NetEase Joint Innovation Center, founder of Lujiajia (sojourn version of Shell)
platform, founder of One-Click Travel Taxi Platform, and founder of Tianlong Driver Station.

 Guilin University of Technology in 2007 with a bachelor's degree in
management and EMBA from Sun Yat-sen University Boyan Business School.

 Huiyi Xiao, Director, 2023 to Present

 Huiyi Xiao has servied as the Executive Director of China CXSH Group
and Chairman of Chengxin Hui Club since 2017 and from 2017 to 2022 served as Executive Vice President of Foshan Beauty and Hairdressing
Industry Association and Minister of Education Huiyan

 Xuiyi Xiao is also the founder of Beauty Housekeeper, founder of Yiyan
Culture Communication, founder of Yiyan Enterprise Management, founder of Xuanji Health Management, founder of Yihui Women's School, founder
of Yihui Women's School, and Happiness Instructor.

 In 1999, She participated in self-improvement study at a Hong Kong
training company.

 In 2002, she inherited from Master Xuan Hezi, the master of Taoist
health preservation, to learn Taoist Chinese medicine health preservation. In addition, studied business management and business consultant
in a training company in Taiwan in 2007. During the study, Ms. Xiao also learned from Master Chen Zongxian in Taiwan to learn business
management. In 2012 she participated in the study of traditional Chinese culture.

 MBA, China Graduate School of Business

 Master of Business Administration, Asian City University

 Mr. Hougang Ji, Director 2023 to Present

 Mr. Hougang Ji has nearly 10 years' experience in healthcare
and medical cosmetic industry and rich operation experience in mass manufacturing areas. He has held the following positions of general
manager of Health Division in CXSH Group, general manager in Zhelimei (Hangzhou) Health Management Co., Ltd., general manager in Hangzhou
Xiaoshan Tongyan Medical Cosmetic Hospital, marketing director in Hangzhou Mingyi Medical Cosmetic Plastic Surgery Hospital, general manager
in Hangzhou Xiaoshan Kite Jiahe Cleaning Co., Ltd., Workshop Director in Zhejiang Hangxiao Steel Structure Co., Ltd. Mr. Hougang Ji is
also the executive chairman of Hangzhou Shandong Chamber of Commerce.

 Huang QunXiang, Director 2023 to Present

 Ms. QunXiang held the positions of music audiovisual manager for Yongtong
Audiovisual Co., Ltd, statistics and policy manager for Ping An Insurance Company Panyu Branch, sales and design for Guangzhou Rilong
Electronics Co., Ltd., deputy general manager for Beijing/(Guangzhou) Bosen Electronic Technology Co., Ltd, and director of the new energy
division for China Chengxin Shanghui Group. She has a senior psychological counselor certificate, carbon emission manager certificate,
carbon trading engineer certificate and is proficient in the application Word, Excel, PPT and other common office software.

 Overseas Chines Middle School earning a high school
diploma.

 Jiang Jianbing, Director 2023 to Present

 Mr. Jianbing held the positions of director of the board of directors
of China Chengxin Shanghui Group Co., Ltd. 2017 to present, general manager of Guangzhou Envanadium Equity Investment Management Co.,
Ltd. 2017 to present, partner in Ren Jieshun JL TAILORS Superior Customization Guangzhou 2019 to present, and designer assistant of Benjamin
John Hall Independent Designer Brand 2013 to 2024.

 British University earning a degree in shoe design.

 Item 11.

 Executive Compensation

 The following table sets forth the compensation paid to our executive
officers during the twelve-month periods ended December 31, 2023 and 2022:

 Name and Principal Position

 Year

 Salary

 Bonus

 Stock Awards

 Option Awards

 Nonequity incentive plan compensation

 Nonqualified deferred compensation earnings

 Yang Chong Yi

 CEO

 2022 and 2023

 Wenhui Chen

 2023

 Qunxiang Huang

 2023

 Hougang Ji

 2023

 Jianbin Jiang

 2023

 Hui Huang

 2023

 Shaoxian Mai

 2023

 Yitao Ouyang

 2023

 Zuha Wan

 2023

 Huiyi Xiao

 2023

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 (a) Security ownership of certain beneficial owners.

 The following table sets forth, as of December
31, 2023, the number of shares of common stock owned of record and beneficially by our executive officer, director and persons who beneficially
own more than 5% of the outstanding shares of our common stock.

 Name and Address of Beneficial Owner

 Amount and

 Nature of

 Beneficial Ownership

 Percentage

 of Class

 Wei Dong Chen

 54,935,874 Common Shares

 85%

 F17/Bxinhui Mansion

 Gaoxin Road, Hi Tech Zone

 Xi'an, Shaanxi, China

 Name and Address of Management Ownership

 Amount and

 Nature of

 Beneficial Ownership

 Percentage

 of Class

 Cathay Capital Management Inc.

 1,000,000 Series C Convertible Preferred Stock**

 100%

 Chongyi Yang, Officer and Director

 Room 1907, No. 1038, West Nanjing Road

 Jing'An District, Shanghai

 China 200041

 Collective Management Ownership

 Amount and

 Nature of

 Beneficial Ownership

 Percentage

 of Class

 Officer & Director, Chongyi Yang

 Director, Wenhui Chen

 Director, Qunxiang Huang

 Director, Hougang Ji

 Director, Jianbin Jiang

 Director, Hui Huang

 Director, Shaoxian Mai

 Director, Yitao Ouyang

 Director, Zuha Wan

 Director, Huiyi Xiao

 Narrative Disclosure to Summary Compensation Table

 There are no employment contracts, compensatory plans or arrangements,
including payments to be received from the Company with respect to any executive officer, that would result in payments to such person
because of his or her resignation, retirement or other termination of employment with the Company, or its subsidiaries, any change in
control, or a change in the person's responsibilities following a change in control of the Company.

 Outstanding Equity Awards at Fiscal Year-End

 The Company has not issued any equity compensation any officer or director.

 Long-Term Incentive Plans

 There are no arrangements or plans in which we provide pension, retirement
or similar benefits for directors or executive officers.

 Compensation Committee

 We currently do not have a compensation committee of the Board of Directors.
The Board of Directors determines executive compensation.

 Compensation of Directors

 Our directors receive no extra compensation for their service on our
Board of Directors.

 Item 13.

 Certain Relationships and Related Transactions, and Director Independence

 Regulation S-K, Item 4, Section C require the disclosure of transactions
with related persons since the beginning of the registrant's last fiscal year, or any currently proposed transaction, in which the
registrant was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have
a direct or indirect material interest.

 We've had no transactions with related persons since the beginning
of our last fiscal year.

 Under Regulation S-K Item 404(c)(2) Registrants shall provide the disclosure
required by paragraphs (c)(1)(i) and (c)(1)(ii) of this Item as to any person who acquired control of a registrant that is a shell company,
or any person that is part of a group, consisting of two or more persons that agree to act together for the purpose of acquiring, holding,
voting or disposing of equity securities of a registrant, that acquired control of a registrant that is a shell company.

 At the time Cathay Capital Management Inc. purchased the control block
of Preferred C Stock, CHJI was a shell company. In accordance with S-K 404(c)(2) paragraphs (c)(1)(i) and (c)(1)(ii), the following information
is being disclosed. However, as discussed below, CHJI is no longer considered a shell company.

 Yang Chongi Yi, is a control person for Cathay Capital Management Inc.
and was appointed as sole officer and director of CHJI. There is potential for conflict in working with, and acting as officer and director,
for both Cathay Capital Management Inc. and China Changjiang Mining & New Energy Co. Mr. Yang owns 100% of the outstanding voting
stock for our Preferred C shares. The holdings of our CEO may increase further in the future upon vesting or other maturation of exercise
rights under any of the options or warrants they may hold or in the future be granted, or if they otherwise acquire additional shares
of our common stock. The interests of such persons may differ from the interests of our other stockholders. As a result, in addition to
their board seats and offices, such persons will have significant influence and control over all corporate actions requiring stockholder
approval, irrespective of how our company's other stockholders may vote.

 Under Regulation S-K Item 404(c)(2) Registrants shall provide the disclosure
required by paragraphs (c)(1)(i) and (c)(1)(ii) of this Item as to any person who acquired control of a registrant that is a shell company,
or any person that is part of a group, consisting of two or more persons that agree to act together for the purpose of acquiring, holding,
voting or disposing of equity securities of a registrant, that acquired control of a registrant that is a shell company.

 Yang Chong Yi is our CEO and President. He is not deemed to be independent
under applicable rules. We have established the Board of Directors and have 9 additional Board members who are considered to be independent
under applicable rules.

 Except as set forth above, there have been no
related party transactions, or any other transactions or relationships required to be disclosed.

 Item 14.

 Principal Accounting Fees and Services

 BFBorgers CPA PC ("BFB") served as
the Company's independent auditor for the year ended December 31, 2023.

 The following table presents fees billed for professional
audit services rendered by BFB in connection with its audits of the Company's annual financial statements for the year ended December
31, 2023. The fees billed to the CHJI by BFB during 2023 were the following:

 2023

 2022

 ASSETS

 Audit Fees

 $
 10,000

 $
 10,000

 Audit Related Fees (auditor admin. Fees)

 1,000

 1,000

 Tax Fees

 –

 All Other Fees

 Total Fees

 $
 11,000

 $
 11,000

 As used in the table above, the following terms
have the meanings set forth below.

 Audit Fees

 The fees for professional services rendered in
connection with the audit of the Company's annual financial statements, for the review of the financial statements included in our
Quarterly Reports and for services that are normally provided by the accountant in connection with statutory and regulatory filings or
engagements.

 Audit-Related Fees

 The fees for assurance and related services that
are reasonably related to the performance of the audit or review of our financial statements.

 Tax Fees

 The fees for professional services rendered for
tax compliance, tax advice and tax planning.

 All Other Fees

 The fees for products and services provided, other
than for the services reported under the headings "Audit Fees," "Audit Related Fees" and "Tax Fees."
The Company has adopted a policy regarding the services of its independent auditors under which our independent accounting firm is not
allowed to perform any service which may have the effect of jeopardizing the registered public accountant's independence. Without
limiting the foregoing, the independent accounting firm shall not be retained to perform the following:

 Bookkeeping or other services related to the accounting records or financial statements

 Financial information systems design and implementation

 Appraisal or valuation services, fairness opinions or contribution-in-kind reports

 Actuarial services

 Internal audit outsourcing services

 Management functions

 Broker-dealer, investment adviser or investment banking services

 Legal services

 Expert services unrelated to the audit

 Item 15.

 Exhibits, Financial Statement Schedules.

 No.

 Description

 10.1

 Board of Directors Appointment Minutes

 31.1

 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

 31.2

 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

 32.1

 Section 1350 Certification of Chief Executive Officer

 32.2

 Section 1350 Certification of Chief Financial Officer

 Item 16.

 Form 10-K Summary

 N/A

 CHINA CHANGJIANG MINING & NEW ENERGY COMPANY,
LTD.

 CONSOLIDATED FINANCIAL STATEMENTS

 (Audited)

 Report of Independent Registered Public Accounting Firm

 F -2

 Balance Sheets as of December 31, 2023 and 2022

 Statements of Operations for the Years ended December 31, 2023 and 2022

 F- 4

 Statement of Changes in Stockholders' Equity (Deficit) for the Years ended
December 31, 2023 and 2022

 F- 5

 Statements of Cash Flows for the Years ended December 31, 2023 and 2022

 F- 6

 Notes to Financial Statements

 F- 1

 Report of Independent Registered Public Accounting
Firm

 To the shareholders and the board of directors
of China Changjiang Mining & New Energy Company, Ltd.

 Opinion on the Financial Statements

 We have audited the accompanying balance sheets
of China Changjiang Mining & New Energy Company, Ltd. as of December 31, 2023 and 2022, the related statements of operations, 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, 2023 and 2022, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles
generally accepted in the United States.

 Substantial Doubt about the Company's
Ability to Continue as a Going Concern

 The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has
suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience
negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern.
Management's plans in regard to these matters are also described in Note 3. The 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 audit. 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 audit 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 audit 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 audit 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 audit provides a reasonable basis for our opinion.

 Critical Audit Matter

 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/ BF Borgers CPA PC (PCAOB ID 5041)

 We have served as the Company's auditor since
2021

 Lakewood, CO

 April 8, 2024

 F- 2

 CHINA CHANGJIANG MINING & NEW ENERGY COMPANY,
LTD.

 BALANCE SHEETS

 As at

 Assets

 Cash and equivalents

 $
 –

 $
 –

 Total current assets

 –

 –

 TOTAL ASSETS

 $
 –

 $
 –

 LIABILITIES AND STOCKHOLDERS' DEFICIT

 Other payable and accrued liabilities

 $
 1,195,028

 $
 1,215,292

 Total current liabilities

 1,195,028

 1,215,292

 Due to related parties

 631,929

 642,645

 Due to Shareholders

 1,839,528

 1,870,721

 Total non-current liabilities

 2,471,457

 2,513,366

 TOTAL LIABILITIES

 3,666,485

 3,728,658

 STOCKHOLDERS' DEFICIT

 Series C convertible preferred stock ($ 0.001 par value, 10,000,000 shares authorized, 1,000,000 shares outstanding as of December 31, 2023 and 2022)

 1,000

 1,000

 Common stock ($ 0.01 par value, 500,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2023 and 2022)

 Treasury stock

)

)

 Additional paid-in capital

 Accumulated deficit

 ( 19,856,628
)

 ( 19,918,801
)

 TOTAL STOCKHOLDERS' DEFICIT

 ( 3,666,485
)

 ( 3,728,658
)

 TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

 $
 –

 $
 –

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

 F- 3

 CHINA CHANGJIANG MINING
& NEW ENERGY COMPANY, LTD.

 STATEMENTS OF OPERATIONS

 For the years ended

 OTHER INCOME/(EXPENSE)

 Compensation expenses

 $
 –

 $
 –

 Foreign exchange gains/ (losses), net

 Other income

 Total other income/(expense)

 Net profit/ (loss)

 $

 $

 Net loss per share - basic and diluted

 $
 –

 $
 –

 Weighted average number of common shares outstanding

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

 F- 4

 CHINA CHANGJIANG MINING & NEW ENERGY COMPANY,
LTD.

 STATEMENTS OF CHANGES IN STOCKHOLDERS'
DEFICIT

 Series C convertible preferred stock

 Common Stock

 Treasury Stock

 Additional Paid in Capital

 Accumulated Deficit

 Total

 Shares

 Amount

 Shares

 Amount

 Balance, January 1, 2022

 1,000,000

 $
 1,000

 $

 $
)

 $

 $
 ( 20,289,825
)

 $
 ( 4,099,682
)

 Net profit for the year ended December 31, 2022

 –

 –

 –

 –

 –

 –

 Balance, December 31, 2022

 1,000,000

 1,000

)

 ( 19,918,801
)

 ( 3,728,658
)

 Net profit for the year ended December 31, 2023

 –

 –

 –

 –

 –

 –

 Balance, December 31, 2023

 1,000,000

 $
 1,000

 $

 $
)

 $

 $
 ( 19,856,628
)

 $
 ( 3,666,485
)

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

 F- 5

 CHINA CHANGJIANG MINING
& NEW ENERGY COMPANY, LTD.

 STATEMENTS OF CASH FLOWS

 For the years ended

 CASH FLOWS FROM OPERATING ACTIVITIES

 Net profit

 $

 $

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

 Compensation expenses for Preferred C Shares

 –

 –

 Changes in operating assets and liabilities:

 Accounts payable and accrued expenses

 ( 20,264
)

 ( 120,929
)

 Due to related parties

 ( 10,716
)

 ( 63,947
)

 Due to shareholders

 ( 31,193
)

 ( 186,148
)

 Cash used in operating activities

 –

 –

 CASH FLOWS FROM FINANCING ACTIVITIES

 Investment received from Preferred C shares issued

 –

 –

 Cash generated from financing activities

 –

 –

 Net change in cash and equivalents

 –

 –

 Cash and equivalents, beginning of period

 –

 –

 Cash and equivalents, end of period

 $
 –

 $
 –

 Cash paid for interest

 $
 –

 $
 –

 Cash paid for income taxes

 $
 –

 $
 –

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

 F- 6

 CHINA CHANGJIANG MINING
& NEW ENERGY COMPANY, LTD.

 Notes to Financial Statements

 NOTE
1. ORGANIZATION AND DESCRIPTION OF BUSINESS

 China Changjiang Mining & New Energy Company,
Ltd. ("China Changjiang", "we", the "Company") was incorporated under the laws of the State of Delaware
in 1969.

 Hong Kong Wah Bon Enterprise Limited ("Wah
Bon") was incorporated in Hong Kong on July 7, 2006 as an investment holding company.

 Shaanxi Pacific New Energy Development Company
Limited ("Shaanxi Pacific") was incorporated as a limited liability company in the People's Republic of China ("PRC")
on July 20, 2007 as an investment holding company.

 Shaanxi Changjiang Mining & New Energy Company,
Ltd ("Shaanxi Changjiang") (formerly Weinan Industrial and Commercial Company Limited) was incorporated as a limited liability
company in the PRC on March 19, 1999. The Company became a joint stock company in January 2006 with its business activities in investment
holding and the development of a theme park in Xi'An, PRC.

 In August 2005, Shaanxi Changjiang contributed
land use rights valued at $7,928,532 in lieu of cash to the registered capital of Huanghe representing 92.93% of the equity of Huanghe.
Huanghe was incorporated as a limited liability company in the PRC on August 9, 2005 as Shaanxi Changjiang Petroleum and Energy Development
Co., Limited and is engaged in the development of a theme park in Huanghe Bay (Huanghe Nantan), Heyang County, Shaanxi Province, PRC.

 On February 5, 2007, Shaanxi Changjiang entered
into an agreement with a third party to acquire 40% of the equity interest in East Mining Company Limited ("East Mining") for
$3,117,267 in cash. East Mining is engaged in exploration for lead, zinc and gold for mining in Xunyan County, Shaanxi Province, PRC.

 On March 22, 2007, Shaanxi Changjiang entered
into an agreement with the majority shareholder of Shaanxi Changjiang to exchange its 92.93% interest in Huanghe for a 20% equity interest
in East Mining owned by this related party.

 On August 15, 2007, 97.2% of the shareholders
of Shaanxi Changjiang entered into a definitive agreement with Shaanxi Pacific and the stockholders of Shaanxi Pacific in which they disposed
their ownership in Shaanxi Changjiang to Shaanxi Pacific for 98% of ownership in Shaanxi Pacific and cash of $1,328,940 payable on or
before December 31, 2007.

 On September 2, 2007, Wah Bon acquired 100% ownership
of Shaanxi Pacific for a cash consideration of $128,205.

 On May 30, 2007, amended to July 5, 2007, North
American Gaming and Entertainment Corporation ("North American") entered into a Material Definitive Agreement, pursuant to which
the shareholders of Shaanxi Changjiang exchanged all their shares in Shaanxi Changjiang for 500,000 shares of series C convertible preferred
stock ("series C shares") in North American which carried the right of 1,218 votes per share and was convertible to 609,000,000
common shares. In connection with the exchange, Shaanxi Changjiang also delivered $370,000 to North American and certain non-affiliates
of North American will transfer to North American or its designee a total of 3,800,000 shares of common stock, par value of $0.01 per
share, of North American which had been held for longer than 2 years by such non-affiliates, in exchange for the issuance by North American
to each of such non-affiliates of 2,250,000 shares of common stock of North American. Issued and outstanding share of series C preferred
stock were automatically converted into that number of fully paid and non-assessable shares of common stock based upon the conversion
rate upon the filing by the Company of an amendment to its Certificate of Incorporation, increasing the number of authorized shares of
common stock to 800,000,000 shares, changing the Company's name to China Changjiang Mining & New Energy Company Ltd. and implementing
a one for ten reverse stock split. The transaction was closed on February 4, 2008 and Wah Bon became a wholly owned subsidiary of North
American.

 There was a 10 to 1 reverse stock split for the
Company's common stock during December 2009 and all the shares information are retroactively restated to reflect the reverse stock split.
The preferred stock holders will not convert their C convertible preferred stock until after the completion of the reverse stock split.

 F- 7

 On February 9, 2010, we filed a Certificate of
Amendment to our Articles of Incorporation to effect a 1-for-10 reverse stock split of our common stock. The 1-for-10 reverse split was
approved by FINRA on July 30, 2010, effective August 2, 2010.

 The Company was reincorporated from the state
of Delaware to the state of Nevada with the intent to effect a statutory merger of the Delaware corporation "North American Gaming
and Entertainment Corporation" into China Changjiang and to swap all issued and outstanding shares in the Delaware corporation for
comparable shares in China Changjiang and dissolve the Delaware corporation.

 The merger of North American and Wah Bon was treated
for accounting purposes as a capital transaction and recapitalization by Wah Bon ("the accounting acquirer") and re-organization
by North American ("the accounting acquiree"). The consolidated financial statements have been prepared as if the reorganization
had occurred retroactively.

 On February 4, 2008, we acquired Wah Bon and its
three subsidiaries: Shaanxi Pacific; Shaanxi Changjiang and East Mining. Wah Bon owns 100% of Shaanxi Pacific. Shaanxi Pacific owns 97.2%
of Shaanxi Changjiang; and Shaanxi Changjiang owns 60% of East Mining. The minority interests represent the minority shareholders' 2.8%
and 40% share of the results of Shaanxi Changjiang and East Mining respectively.

 The Company established a subsidiary, named Shaanxi
Weinan Changjiang Solar Photovoltaic Energy Applied Science and Technology Co., Ltd. ("Changjiang PV") in April 2012. The Company's
subsidiary, Shaanxi Changjiang accounted for 51% shares of Changjiang PV, and Mr. Zhang Hong Jun, the director and principal shareholder
of the Company, accounted for the other 49% shares.

 On December 30, 2013, the Company transferred
all of its 60% equity of East Mining to its director and principal shareholder, Mr. Zhang Hong Jun and one of its shareholders, Mr. Wang
Sheng Li with a consideration of $885,696 (RMB 5,400,000). Each of the acquirers obtained 30% equity of East Mining in this transaction.
There is no gain or loss recognized because this is a transaction between entities under common control.

 Prior to January 1, 2019, the Company divested
all of its subsidiaries, and de-registered Wah Bon in 2020.

 The Company's main business is in the transitional
period from mining to clean new energy, and mainly focus on the solar photovoltaic, or "PV", downstream market at present
stage. The Company is not actively trading during the current reporting period.

 NOTE
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis of Presentation

 The Company maintains its accounts
and prepares its financial statements using the accrual method accounting. The financial statements and notes are representations of management.
Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have
been consistently applied.

 Use of estimates

 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. Significant estimates include the estimated useful lives
of property and equipment. Actual results could differ from those estimates.

 Cash equivalents

 The Company considers all highly
liquid investments with a maturity of three months or less when purchased to be cash equivalents.

 F- 8

 Fair value of financial
instruments

 The Company follows paragraph
825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph
820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial
instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the
United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability
in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs
to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to
quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three
(3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

 Level 1: Quoted market prices
available in active markets for identical assets or liabilities as of the reporting date.

 Level 2: Pricing inputs other
than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

 Level 3: Pricing inputs that
are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company's financial assets and
liabilities, such as prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments.

 Foreign Currency Translation

 The Company maintains its financial
statements in its functional currency, which is US dollar ("USD"). Monetary assets and liabilities denominated in currencies
other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates.
Exchange gains or losses arising from foreign currency transactions or translation of monetary assets and liabilities denominated in foreign
currencies are included in the statement of operations for the respective periods.

 Exchange rates used in these
financial statements, USD to CNY, are 7.0827 and 6.9646 at December 31, 2023 and 2022 respectively.

 Related Party

 A party is considered to be
related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under
common control with the Company. Related parties also include principal owners of the Company, its management, member of the immediate
families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls
or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might
be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies
of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other
to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related
party.

 Income taxes

 The Company follow ASC 740-10-30,
which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included
in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between
the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences
are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely
than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply
to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred
tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment
date.

 F- 9

 On December 22, 2017, the Tax
Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things,
reduced corporate tax rates to 21 percent effective January 1, 2018. FASB ASC 740, Income Taxes, requires deferred tax assets and liabilities
to be adjusted for the effect of a change in tax laws or rates in the year of enactment, which is the year in which the change was signed
into law. Accordingly, the Company adjusted its deferred tax assets and liabilities at December 31,2017, using the new corporate tax rate
of 21 percent.

 The Company adopted ASC 740-10-25
("ASC 740-10-25") with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits
claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize
the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination
by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from
such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate
settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting
in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits
according to the provisions of ASC 740-10-25.

 Net income (loss) per
common share

 Net income (loss) per common
share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share
is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted
net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock
and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially
outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the years ended
December 31, 2023, and 2022, there are 64,629,559 outstanding common shares and 1,000,000 potentially dilutive shares, respectively, from
convertible preferred stock; however, these shares have not been considered in the weighted average share calculation as their inclusion
would be anti-dilutive due to the net loss for the year ended.

 Recently issued accounting
pronouncements

 The Company has implemented
all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements
unless otherwise disclosed, and the Company 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.

 NOTE
3 - GOING CONCERN

 The Company's unaudited
financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going
concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not
established any source of revenue to cover its operating costs and has an accumulated deficit of $ 19,856,628 as at December 31, 2023.
These conditions raise substantial doubt about the company's ability to continue as a going concern.

 In addition to operational
expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements.
In order to finance these expenditures, the Company has raised capital in the form of debt, which will have to be repaid, as discussed
in detail below. The Company has depended on loans from related parties and shareholders for most of its operating capital. The Company
will need to raise capital in the next twelve months in order to remain in business.

 Management anticipates that
significant dilution will occur as a result of any future sales of the Company's common stock and this will reduce the value of
its outstanding shares. The Company cannot project the future level of dilution that will be experienced by investors as a result of its
future financings, but it will significantly affect the value of its shares.

 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 classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 F- 10

 NOTE
4 – OTHER PAYABLES AND ACCRUED LIABILITIES

 Schedule of accrued liabilities

 Item

 Taxes payable

 $
 59,962

 $
 60,978

 Salaries and welfare payable

 Other payables

 1,134,416

 1,153,653

 Total

 $
 1,195,028

 $
 1,215,292

 NOTE
5 – DUE TO RELATED PARTIES

 All amounts due to related
parties are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend
to repay within twelve months from December 31, 2023. Details of amounts due to related parties are as follows:

 Due to related parties

 Related parties

 Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 $
 352,843

 $
 358,825

 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 12,184

 12,391

 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 36,696

 37,319

 Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 56,737

 57,699

 Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 57,744

 58,724

 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company

 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company

 114,865

 116,812

 Total

 $
 631,929

 $
 642,645

 NOTE
6 – DUE TO SHAREHOLDERS

 All amounts due to shareholders
are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay
within twelve months from December 31, 2023. Details of amounts due to shareholders are as follows:

 Due to Shareholders

 Shareholders

 Wang Shengli

 $
 442,307

 $
 449,808

 Zhang Hongjun

 856,278

 870,798

 Chen Min

 540,943

 550,115

 Total

 $
 1,839,528

 $
 1,870,721

 NOTE
7 – COMMON STOCK AND PREFERRED STOCK

 The Company has 500,000,000
shares of common stock authorized at par value of $ 0.01, and 64,629,559 shares of common stock were issued and outstanding at beginning
and end of the reporting periods at total par value of $ 646,295.

 The Company has 10,000,000
shares designated Series C convertible preferred stock at par value of $ 0.001. Each Series C convertible preferred stock is convertible
into 1,000 common shares. There were 1,000,000 Series C convertible preferred stock issued and outstanding at December 31, 2023 and 2022
at total par value of $ 1,000.

 F- 11

 NOTE
8 – INCOME TAXES

 Deferred taxes are provided
on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit
carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences
between the reported amounts of assets and liabilities and their tax bases. 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. As the Company's
main business place is in P. R China, the corporate income tax rate of 25% is applied in calculation of deferred taxes.

 Deferred income taxes reflect
the tax consequences on future years of differences between the tax bases. Net operating loss carry-forwards and tax benefits arising
therefore are as follows:

 Schedule of deferred tax assets

 Deferred tax assets

 Dec. 31,2023

 Dec. 31,2022

 Net operating loss (NOL) brought forward

 $
 19,918,801

 $
 20,289,825

 Net loss/(profit) for the period / year

 ( 62,173
)

 ( 371,024
)

 NOL carried forward

 $
 19,856,628

 $
 19,918,801

 Tax benefit from NOL carried forward

 4,964,157

 4,979,700

 Valuation allowance

 ( 4,964,157
)

 ( 4,979,700
)

 Deferred tax assets

 $
 –

 $
 –

 The PRC income tax allows the
enterprises to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The management believes
that the Company's cumulative losses arising from recurring business in recent years constituted significant negative evidence that
most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate
future taxable income. Valuation allowance for the full amount of tax benefit from NOL was recorded.

 NOTE
9 – COMMITMENTS AND CONTINGENCIES

 As at the end of
the reporting period, the company has no commitments and contingencies to disclose.

 NOTE
10 – RELATED-PARTY TRANSACTIONS

 The company was not engaging
in any business activities during the reporting periods, and has no related party transactions and balances other than those disclosed
in Notes 5 and 6.

 NOTE
11 – SUBSEQUENT EVENTS

 As at the date these financial
statements are ready to be released, the Company has no subsequent events to disclose.

 F- 12

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 China Changjiang Mining & New Energy Company, Ltd.

 By:

 /s/ Yang Chong Yi

 Yang Chong Yi, CEO

 Date: April 9, 2024