UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



AMENDMENT
NO. 1
toFORM 10-K



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

THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December
31, 2016



Commission File No. 000-54126



ALPHA NETWORK ALLIANCE VENTURES INC.

(Exact name of registrant as specified
in its charter)



|Delaware                        | 45-1649826         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)



11801 Pierce St., 2nd Floor

Riverside, California 92505

(Address of principal executive offices,
zip code)



(888) 770-5084

(Registrant’s telephone number,
including area code)





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



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

None



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

Common Stock, $.0001 par value



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



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



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes☑ No☐



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







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



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



|Large accelerated filer☐ | Accelerated filer☐ | Non-accelerated filer☐     | Smaller reporting company☑
|------------------------ | ------------------ | -------------------------- | --------------------------
|                         |                    | (Do not check if a smaller |                           
|                         |                    | reporting company)         |                           



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



At June 30, 2016, the last business
day of the Registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting common stock
held by non-affiliates of the Registrant (without admitting that any person whose shares are not included in such calculation is
an affiliate) was approximately $439,428.   At April 13, 2017, there were 113,405,751 shares of the Registrant’s
common stock, par value $0.0001 per share, outstanding.





EXPLANATORY NOTE



Alpha Network Alliance Ventures
Inc. hereby amends its Annual Report on Form 10-K, for the fiscal year ended December 31, 2016, solely to include a revised report
from our independent registered public accounting firm that covers all period presented, including, as of and for the year ended
December 31, 2015. There are no other changes to the original Form 10-K filed on April 17, 2017. This Amendment No. 1 to Form 10-K
does not reflect events occurring after the filing of the original Form 10-K on April 17, 2017, or modify or update the disclosures
therein in any way other than as required to reflect the amendment set forth herein.



Pursuant to Rule 12b-15 under
the Securities Exchange Act of 1934, as amended, this Amendment No. 1 to Form 10-K also contains new certifications pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto.















REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM







To the Audit Committee of the
Board of Directors and Shareholders of
Alpha Network Alliance Ventures Inc.



We have audited the accompanying
consolidated balance sheets of Alpha Network Alliance Ventures Inc.(the “Company”) as of December 31, 2016 and 2015,
and the related consolidated statements of income and comprehensive income, changes in stockholders’ equity and cash flows
for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility
is to express an opinion on these financial statements based on our audit.



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



In our opinion, the financial
statements referred to above present fairly, in all material respects, the financial position of Alpha Network Alliance Ventures
Inc. as of December 31, 2016 and 2015, and the results of their operations and their cash flows for the years then ended in conformity
with accounting principles generally accepted in the United States of America.



The accompanying financial statements
have been prepared assuming the Company will continue as a going concern. As discussed in Note #2 to the financial statements,
although the Company has limited operations it has yet to attain profitability. This raises substantial doubt about its ability
to continue as a going concern. Management’s plan in regard to these matters is also described in Note #2. The financial
statements do not include any adjustments that might result from the outcome of this uncertainty.





/s/ Yu Certified Public Accountant PC



New York, New York

October 12, 2017





Certified Public Accountants

149 Madison Avenue, Suite 1128, New
York NY 10016

Tel: 347-618-9237, 718-813-2130

Email: Info@ywlcpa.com



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PART IV



|ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULE
|-------- | -----------------------------------------



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



|Exhibit |  | Description                                                                                                                            
|------- |  | ---------------------------------------------------------------------------------------------------------------------------------------
|2.1     |  | Agreement and Plan of Merger dated June 1, 2011 by and between Registrant and Alpha Network Alliance Ventures Inc. (1)                 
|3.1.1   |  | Certificate of Incorporation of Registrant (2)                                                                                         
|3.1.2   |  | Certificate of Merger (3)                                                                                                              
|3.1.3   |  | Certificate of Amendment to Articles of Incorporation (3)                                                                              
|3.2     |  | Bylaws (2)                                                                                                                             
|31.1    |  | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|31.2    |  | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|32.1    |  | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|101.INS |  | XBRL Instance Document(4)                                                                                                              
|101.SCH |  | XBRL Taxonomy Extension Schema(4)                                                                                                      
|101.CAL |  | XBRL Taxonomy Extension Calculation Linkbase(4)                                                                                        
|101.DEF |  | XBRL Taxonomy Extension Definition Linkbase(4)                                                                                         
|101.LAB |  | XBRL Taxonomy Extension Label Linkbase(4)                                                                                              
|101.PRE |  | XBRL Taxonomy Extension Presentation Linkbase(4)                                                                                       



|(1) | Incorporated by reference to the Registrant’s Form 8-K (File No. 000-54126) filed with the Commission on June 13, 2011.    
|--- | ---------------------------------------------------------------------------------------------------------------------------
|(2) | Incorporated by reference to the Registrant’s Form 10 (File No. 000-54126) filed with the Commission on September 23, 2010.
|(3) | Incorporated by reference to the Registrant’s Form S-1 (File No. 333-182596) filed with the Commission on July 10, 2012.   
|(4) | Incorporated by reference to Form 10-K (File No. 000-54126) filed with
    the Commission on April 17, 2017.               



2






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.



|                             | ALPHA NETWORK ALLIANCE VENTURES INC.
|---------------------------- | ------------------------------------
|                             | (Name of Registrant)                
|                             |                                     
|                             |                                     
|Date:  
    October 20, 2017 |                                     
|                             |                                     
|                             |                                     











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