SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

/X/     Annual
Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For
the fiscal year ended December 31, 2016

/_/     Transition
Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ______________to
______________

Commission
File Number 000-53749

DOMAIN EXTREMES INC.

(Exact Name of Registrant as Specified in Its
Charter)

|State of Nevada, USA
        (State or Other Jurisdiction of Incorporation
        or Organization) | 98-0632051
        (I.R.S. Employer Identification No.)
|--------------------------------------------------------------------------------------------------- | -------------------------------------------------------

36, JALAN SERI UTARA 3/3C, KIPARK AVENUE

OFF JALAN IPOH, 68100 KUALA LUMPUR

WILAYAH PERSEKUTUAN, MALAYSIA

(Address of Principal Executive Offices)

+603 6241 2023 / +603 6242 1028

(Registrant’s Telephone Number,
Including Area Code)

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

|Title of Each Class | Name of Each Exchange on Which Registered
|------------------- | -----------------------------------------
|None                | N/A                                      



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

Common Stock, par value $0.001 per
share

Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.

☐ Yes ☒ No

Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act.

☐ Yes ☒ No

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

☒
Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).

☒ Yes ☐ No

Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best
of the 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.

|Large accelerated filer ☐ | Accelerated filer ☐        
|------------------------- | ---------------------------
|Non-accelerated filer ☐   | Smaller Reporting Company ☒



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

The aggregate market value of the voting and non-voting common
equity held by non-affiliates was $8,797 as of June 30, 2016 (the registrant’s most recently completed second quarter),
based upon total outstanding shares as of such date of 179,522,531, of which 87,966,037 shares were held by non-affiliates. As
of June 30, 2016, the last transacted price of the registrant was US$0.0001 per share.

As of March 1, 2017, there were 179,522,531 shares of the registrant’s
common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents
if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated:
(1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule
424(b) or (c) under the Securities Act of 1933

None.














TABLE OF CONTENTS



|           |                                                                                                              | PAGE
|---------- | ------------------------------------------------------------------------------------------------------------ | ----
|PART I    
|           |                                                                                                              |     
|Item 1     | Business                                                                                                     | 1   
|Item 1A    | Risk Factors                                                                                                 | 3   
|Item 1B    | Unresolved Staff Comments                                                                                    | 3   
|Item 2     | Properties                                                                                                   | 3   
|Item 3     | Legal Proceedings                                                                                            | 3   
|Item 4     | Mine Safety Disclosures                                                                                      | 3   
|           |                                                                                                              |     
|PART II   
|           |                                                                                                              |     
|Item 5     | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 4   
|Item 6     | Selected Financial Data                                                                                      | 5   
|Item 7     | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 5   
|Item 7A    | Quantitative and Qualitative Disclosures About Market Risk                                                   | 10  
|Item 8     | Financial Statements and Supplementary Data                                                                  | 10  
|Item 9     | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         | 10  
|Item 9A    | Controls and Procedures                                                                                      | 11  
|Item 9B    | Other Information                                                                                            | 11  
|           |                                                                                                              |     
|PART III  
|           |                                                                                                              |     
|Item 10    | Directors, Executive Officers and Corporate Governance                                                       | 15  
|Item 11    | Executive Compensation                                                                                       | 18  
|Item 12    | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               | 19  
|Item 13    | Certain Relationships and Related Transactions, and Director Independence                                    | 21  
|Item 14    | Principal Accountant Fees and Services                                                                       | 21  
|           |                                                                                                              |     
|PART IV   
|           |                                                                                                              |     
|Item 15    | Exhibits, Financial Statement Schedules                                                                      | 22  
|SIGNATURES |                                                                                                             
|EXHIBITS   |                                                                                                             





i





Forward Looking Statements



The discussion contained
in this Annual Report on Form 10-K under the Securities Exchange Act of 1934, as amended, contains forward-looking statements that
involve risks and uncertainties. The registrant’s actual results could differ significantly from those discussed herein.
These include statements about our expectations, beliefs, intentions or strategies for the future, which we indicate by words or
phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we
believe,” “the Company believes,” “management believes” and similar language, including those set
forth in the discussions under “Risk Factors,” “Notes to Financial Statements” and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” as well as those discussed elsewhere in this Form
10-K. Statements contained in this Form 10-K that are not historical facts are forward-looking statements that are subject to the
“safe harbor” created by the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this
Annual Report speak only as of the date of filing with the SEC and might not occur in light of these risks, uncertainties, and
assumptions. The registrant undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events, or otherwise.











































ii







PART I



| | ITEM 1. | BUSINESS
| | ------- | --------



Overview



We were incorporated in
the State of Nevada in January 2006 and are a development stage company. Our business is to develop and operate Internet websites
and applications on mobile platforms. We earn revenues through advertisements sold on these websites and applications. Our goal
is to become a major network of consumer-based websites and applications targeting viewers in the Hong Kong and Greater China Basin
with contents on travel, food, entertainment, activities and city life. As of the date of this Annual Report, we have launched
the website www.drinkeat.com, which provides reviews of restaurants in Hong Kong.



We plan to develop additional
websites and solicit advertisement for those websites through third-party agents. Presently, we own the following domain names:
www.domainextremes.comand www.drinkeat.com.



We are a controlled corporation
with the substantial majority of our shares held by Mi1 Global Limited (“Mi1”), a company registered in the Republic
of Vanuatu. Mi1 acquired a 51% stake in our company in February 2016. As a result, there can be no assurance that our business
and/or our strategy will not change over time as a result of Mi1’s interest.



Our Business



We are an active developer
and operator of lifestyle-centered websites and mobile platform applications in the Hong Kong and Greater China Basin. We intend
to build content centered on travel, food, city life and entertainment in the region.



Our content is delivered
through internet-connected browser-based devices such as personal computers, laptops and mobile devices. As a result, our content
is available globally and our distribution is potentially unlimited in breadth. Thus, while our primary market focus is Hong Kong
and the Greater China Basin, we are able to reach those consumers and content providers around the world who have an interest in
this region.



Our site www.drinkeat.com,
also known as Hong Kong Restaurant Review, provides reviews on Hong Kong restaurants. We invite food critics to contribute review
articles on restaurants in Hong Kong either for a small fee or by obtaining their consent to post a previously printed article
without charge. Reviews are written in Chinese for the general public in Hong Kong and Chinese tourists who plan to visit Hong
Kong. Contributors are paid a nominal fee on a per-article basis either in cash, if available, or through the issuance of shares
in the Company. We rely on five active individual contributors to provide reviews, although we do not have formal agreements with
any. There are several websites providing similar reviews on Hong Kong restaurants.



We will gradually develop
other websites utilizing domain names we currently own or develop or acquire in the future. We plan to solicit advertisements through
third party agents. Depending on the nature of the content of the websites, prospective advertisers include restaurants, hotels,
travel agents, department stores and retail outlets. We also include pay-per-click advertisements in our websites. Our hope is
that when our network of websites has increased to at least five, we will be able to attract and retain more traffic, redirecting
users to other websites in our network.



We have contracted with
programming firms in Hong Kong and China to develop websites for our network. Once a domain name and theme have been decided by
our directors, we contact potential development firms for initial discussion regarding our proposal. Our directors maintain close
contact with the programming firms during development of the website and conduct testing throughout the development process. Additionally,
we intend to carry out enhancements on our websites from time to time based upon member feedback.



We will continue to develop
lifestyle applications on iPhone and other mobile platforms.







1





Our Strategy



In
order to develop our platform, we intend to:





| | · | Promote our existing websites to increase readership, popularity and
site-loyalty through on-line advertisements, principally through search advertising and banner advertisements;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Launch a public relations campaign, through print and other media,
to promote our websites;
| | - | -------------------------------------------------------------------------------------------

| | · | Develop banner exchange programs with other websites;
| | - | -----------------------------------------------------

| | · | Recruit additional writers and contributors to enhance and update
site content to maintain the relevance of the information, as well as free-lance writers to publicize sites in related forums;
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Utilize consultants to optimize search engines in order to enhance
and maintain website ranking;
| | - | ------------------------------------------------------------------------------------------------

| | · | Expand the network through the application of new domain names, as
well as the acquisition of websites and forums targeting the same consumer base;
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Develop additional lifestyle-related mobile phone applications for
iPhone and, where appropriate, other mobile platforms, and promote them using online key word search advertisements; and
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Generate revenue from user fees and online advertising income at space
provided in mobile phone applications.
| | - | -------------------------------------------------------------------------------------------------------------

| | · | As noted above, we are a controlled corporation and there can be no
assurance that our principal shareholder, Mi1 Global Limited, will not change our business or our strategy in the future.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Competition



We face intense competition
from other online content providers who also offer lifestyle information services. These providers are not necessarily based in
the Hong Kong or Greater China Basin region, but may be based anywhere in the world given the availability of the internet. We
also face competition from new technologies that could potentially make demand for our website services outdated or inconvenient.



Intellectual Property



We rely on a combination
of trademarks, trade secrets and contract law rights in order to protect our brand, intellectual property assets and confidential
or proprietary information (our “Proprietary Rights”). Our Proprietary Rights are among the most important assets we
possess and we depend significantly on these Proprietary Rights in being able to effectively compete in our industry. We cannot
be certain that the precautions we have taken to safeguard our Proprietary Rights will provide meaningful protection from the unauthorized
use by others. If we must pursue litigation in the future to enforce or otherwise protect our Proprietary Rights, or to determine
the validity and scope of the rights of others, we may not prevail and will likely have to make substantial expenditures and divert
valuable resources in the process. Moreover, we may not have adequate remedies if our Proprietary Rights are appropriated or disclosed.



We hold Proprietary Rights
to our domain names and, as we develop and acquire content for our sites, we intend to make trademark and copyright applications
as appropriate to protect our intellectual property in Hong Kong and elsewhere as we deem appropriate. As we contract with other
parties, including website and content developers and advertisers, we intend to ensure that our content and services do not infringe
upon the intellectual property rights of others. As a general matter, to date we have acquired and not licensed rights to content
for our websites.



Regulation



There are currently no
restrictions in Hong Kong on the dissemination of information through the Internet, except as stipulated in the “Control
of Obscene and Indecent Article Ordinance” (COIAO). The contents of our existing websites, and those in development, do not
fall into the categories subject to censorship under the COIAO.







2





The Hong Kong Government
is reviewing the filtering of information on the Internet to protect the youth from accessing obscene material. We do not believe
that, even if new laws or regulations are enacted in this regard, our business activities would be affected given our target audience
and content. However, if new technical requirements, such as filtering software, are imposed, data transmission speed could adversely
be affected.



We are not aware of any
regulations in any of the jurisdictions in which we intend primarily offer our content or services that would require us to be
licensed to distribute content over the public Internet.



Employees



As of December 31, 2016,
we had one full-time employee and four part-time employees taking care of website content development, testing and administrative
matters. We intend to add full and part-time employees, as well as consultants, as our network continues to expand.



We are not subject to
any collective bargaining agreements and we believe our relationship with our employees is excellent.



Where You Can Find Us



Our principal executive
office is located at 36, Jalan Seri Utara 3/3C, Kipark Avenue, Off Jalan Ipoh, 68100 Kuala Lumpur, Wilayah Persekutuan, Malaysia.
Our telephone number is +603 6241 2023 and +603 6242 1028. Our website is www.domainextremes.com. The content of our website
is not incorporated into, or otherwise considered a part of, this Annual Report.



| | ITEM 1A. | RISK FACTORS
| | -------- | ------------



This information is not required of smaller
reporting companies.



| | ITEM 1B. | UNRESOLVED STAFF COMMENTS.
| | -------- | --------------------------



Not applicable.



| | ITEM 2. | PROPERTIES
| | ------- | ----------



We do not own any property.
Our executive offices are located at 36, Jalan Seri Utara 3/3C, Kipark Avenue, Off Jalan Ipoh, 68100 Kuala Lumpur, Wilayah Persekutuan,
Malaysia, which is office space that we share with certain other development stage companies. As we continue to grow our business,
we may find it necessary to secure separate office space; however, for our current needs the present space is sufficient and cost-efficient.



| | ITEM 3. | LEGAL PROCEEDINGS
| | ------- | -----------------



None.



| | ITEM 4. | MINE SAFETY DISCLOSURES
| | ------- | -----------------------



Not applicable.









3







PART II



| | ITEM 5. | MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
| | ------- | -----------------------------------------------------------------------------------------------



Market Information



Our common stock is traded
on the OTCQB. The last transacted price of our common stock was $0.016 when 200 shares were traded on November 12, 2012. The trading
of our common stock is sporadic and we believe that there is no established trading market for our common stock.



Holders



As of December 31, 2016,
we had 179,522,531 shares of our common stock issued and outstanding, and held by 764 persons.



In general, pursuant to
Rule 144 adopted under the Securities Act of 1933, as amended, a shareholder who owns restricted shares of a company which files
periodic reports with the Securities and Exchange Commission and who has a holding period of at least six months, is entitled to
sell such shares in accordance with the provisions of Rule 144. In the event the shareholder is a non-affiliate of the issuer,
he or she may make unlimited public resales of shares under Rule 144 provided that the current public information requirement is
satisfied. A non-affiliate who has a holding period of more than one year, may make unlimited resales of shares without compliance
with any other requirement of Rule 144. Persons who are affiliates of the issuer must comply with all requirements of Rule 144
in conjunction with resales of their shares including the current public information requirement, the volume limitations, the manner
of sale requirements and the filing of a Form 144. Therefore, the possible sale of our currently outstanding shares pursuant to
Rule 144 may, in the future, have a depressive effect on the price of our common stock in the over-the-counter market.



Dividends



We have never declared
or paid a dividend on our common stock and, because we have very limited resources and a substantial accumulated deficit, we do
not anticipate declaring or paying any dividends on our common stock in the foreseeable future. Rather, we intend to retain earnings,
if any, for the continued operation and expansion of our business. It is unlikely, therefore, that the holders of our common stock
will have an opportunity to profit from anything other than potential appreciation in the value of our common shares held by them.
If you require dividend income, you should not rely on an investment in our common stock.



Equity Compensation Plans



| | We do not currently have any equity compensation plans.
| | -------------------------------------------------------



Performance Graph



| | This information is not required of smaller reporting companies.
| | ----------------------------------------------------------------



Recent Sales of Unregistered Securities;
Use of Proceeds from Registered Securities



The Company did not issue
any shares without registration in 2016.



In November 2015, we issued
the following shares of common stock without registration under the Securities Act of 1933, as amended (the “Securities Act”),
in lieu of compensation for services rendered:



|Name         | Number of
        Shares | Relationship                          
|------------ | ------------------------ | --------------------------------------
|Francis Bok  | 9,473,684                | President (Resigned on April 11, 2016)
|Stephen Tang | 23,684,211               | Director (Resigned on April 11, 2016) 
|Angel Lai    | 1,821,805                | Staff (Resigned on April 11, 2016)    







4





Such shares were issued
to persons reasonably believed by us to be non-U.S. persons, as defined under Regulation S under the Securities Act. The shares
issued to the individuals above were sold at a purchase price of approximately $0.0038 per share (an aggregate of $132,923).



Issuer Purchases of Equity Securities.



None.



| | ITEM 6. | SELECTED FINANCIAL DATA
| | ------- | -----------------------



This information is not
required of smaller reporting companies.



| | ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
| | ------- | -------------------------------------------------------------------------------------



The following discussion
and analysis of our financial condition and results of operations should be read in conjunction with our audited consolidated financial
statements, related notes, and other detailed information included elsewhere in this Annual Report on Form 10-K. Our financial
statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”), contemplate
that we will continue as a going concern, and do not contain any adjustments that might result if we were unable to continue as
a going concern, however, our independent registered public accounting firm has added explanatory paragraphs in Note 1 of each
of our audited consolidated financial statements for the fiscal years ended December 31, 2016 and 2015, respectively, raising substantial
doubt as to our ability to continue as a going concern. Certain information contained below and elsewhere in this Annual Report
on Form 10-K, including information regarding our plans and strategy for our business, constitute forward-looking statements. See
"Cautionary Statement Regarding Forward-Looking Statements.”



Overview



We are a development stage
company organized under the laws of the State of Nevada in January 2006. Our business is to develop and operate Internet websites
and mobile phone applications and we intend to earn revenues through advertisements sold on these websites and mobile platforms.
Our goal is to become the largest network of consumer-based websites and iPhone applications and similar mobile platforms targeting
viewers in the Hong Kong and Greater China Basin with contents on travel, food, entertainment, activities and city life. We plan
to develop additional websites and mobile phone applications. We generate advertising revenues through banner and pay-per-click
advertisements, as well as through application user fees.



Results of Operations



Two Years Ended December 31, 2016 and 2015



Net Sales



We generated revenues
of $7,538 for the year ended December 31, 2016, compared to $8,292 for fiscal 2015. The decrease in revenue was mainly due to discounts
offered to our advertisers. Our principal source of revenues is from advertising banners on our websites. We also intend to generate
future revenues from advertising and user fees related to our mobile phone applications.



Net Income (Loss)



We have incurred a net
loss of $79,929 in 2016 compared to a net loss of $74,008 in 2015, principally due to a substantial increase in our administrative
expenses as discussed below.



We had other income of
$11,077 in 2016 and $nil in 2015, attributable to the write-off of accrued director fees and secretary fees.







5





We incurred general, administrative
and operating expenses of $98,544 in 2016 and $82,300 in 2015. Of these amounts, $nil and $31,500 related to the value of director
fees to our directors in each of 2016 and 2015, respectively, in lieu of cash compensation for services rendered. In addition,
a substantial portion of our expenses for the year ended December 31, 2016 related to accounting service fees, legal service fees
and professional service fees, and for the year ended December 31, 2015 related to accounting service fees and professional service
fees.



Taxes



Due to our lack of revenues,
we have not incurred any tax obligations since inception. However, we would anticipate that income tax obligations will arise as
we begin to generate significant revenue in the future.



Liquidity and Capital Resources



At December 31, 2016,
we had cash and cash equivalents of $7,833, compared to $39 at December 31, 2015, an increase of $7,794. This increase is principally
due to the increase in cash provided in operation.



Currently, we have limited
operating capital. We expect that our current capital and our other existing resources will be sufficient only to provide a limited
amount of working capital, and the revenues, if any, generated from our business operations alone may not be sufficient to fund
our operations or planned growth. We will likely require additional capital to continue to operate our business, and to further
expand our business.



We expect our cash flow
needs over the next 12 months to be approximately $80,000. However, this amount may be materially increased if market conditions
are favorable for a more rapid expansion of our business model or if we adjust our model to exploit strategic acquisition opportunities.
In addition, we may require additional cash flow to support our public company reporting requirements in the United States. Although
our average monthly expenditures to date have averaged less than $6,700, we expect this rate to increase exponentially as our business
expands. To date, we have been financed principally by our directors; however, we expect to secure third party financing or bank
loans as necessary until we secure sufficient revenues, principally from advertisers on our websites, to sustain our ongoing operations.



Sources of additional
capital through various financing transactions or arrangements with third parties may include equity or debt financing, bank loans
or revolving credit facilities. We may not be successful in locating suitable financing transactions in the time period required
or at all, and we may not obtain the capital we require by other means. Our inability to raise additional funds when required may
have a negative impact on our operations, business development and financial results.



Off-Balance Sheet Arrangements



As of December 31, 2016,
we did not have any off-balance sheet arrangements.



Critical Accounting Policies



The preparation of financial
statements in conformity with accounting principles generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.



Our management routinely
makes judgments and estimates about the effects of matters that are inherently uncertain. As the number of variables and assumptions
affecting the probable future resolution of the uncertainties increase, these judgments become even more subjective and complex.
We have identified the following accounting policies, described below, as the most critical to an understanding of our current
financial condition and results of operations.



Basis of Presentation



The accompanying financial
statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of
America.







6





Use of Estimates



The preparation of the
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 disclosures of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.



Cash and Cash Equivalents



The Company considers
all short-term highly liquid investments that are readily convertible to known amounts of cash and have original maturities of
three months or less to be cash equivalents.



Impairment of Long-Lived Assets



The Company accounts for
the impairment of long-lived assets, such as plant and equipment, leasehold land and intangible assets, under the provisions of
FASB Accounting Standard Codification Topic 360 (“ASC 360”) “Property, Plant and Equipment – Overall”
(formerly known as SFAS No. 144, “Accounting for the Impairment of Long-Lived Assets” (“SFAS 144”)). ASC
360 establishes the accounting for impairment of long-lived tangible and intangible assets other than goodwill and for the disposal
of a business. Pursuant to ASC 360, the Company periodically evaluates, at least annually, whether facts or circumstances
indicate that the carrying value of its depreciable assets to be held and used may not be recoverable. If such circumstances
are determined to exist, an estimate of undiscounted future cash flows produced by the long-lived asset, or the appropriate grouping
of assets, is compared to the carrying value to determine whether impairment exists. In the event that the carrying amount
of long-lived assets exceeds the undiscounted future cash flows, then the carrying amount of such assets is adjusted to their fair
value. The Company reports an impairment cost as a charge to operations at the time it is recognized.



Income Taxes



The Company utilizes FASB
Accounting Standard Codification Topic 740 (“ASC 740”) “Income taxes” (formerly known as SFAS No. 109,
"Accounting for Income Taxes"), which requires the 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
income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities
and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods
in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce
deferred tax assets to the amount expected to be realized.



ASC 740 “Income taxes”
(formerly known as Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of Statement of Financial
Accounting Standards No. 109 (“FIN 48”)) clarifies the accounting for uncertainty in tax positions. This interpretation
requires that an entity recognizes in the financial statements the impact of a tax position, if that position is more likely than
not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured
at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in
the period in which the change in judgement occurs. The Company has elected to classify interest and penalties related to unrecognized
tax benefits, if and when required, as part of income tax expense in the statements of operations. The adoption of ASC 740 did
not have a significant effect on the financial statements.



Comprehensive Income



The Company has adopted
FASB Accounting Standard Codification Topic 220 (“ASC 220”) “Comprehensive income” (formerly known as SFAS
No. 130, “Reporting Comprehensive Income”), which establishes standards for reporting and display of comprehensive
income, its components and accumulated balances. Accumulated other comprehensive income represents the accumulated balance of foreign
currency translation adjustments of the Company.







7





Stock-based Compensation



The Company has adopted
FASB Accounting Standard Codification Topic 718 (“ASC 718”), ”Stock Compensation” (formerly known as SFAS
123(R), Share-Based Payment), which requires the measurement and recognition of compensation expense for all share-based payment
awards made to employees and directors including stock option grants based on estimated fair values. ASC 718 requires companies
to estimate the fair value of share-based payment awards on the date of grant using an option-pricing model. The value of the award’s
portion that is ultimately expected to vest is recognized as expense over the requisite service periods. Prior to the adoption
of ASC 718, we accounted for share-based awards to employees and directors using the intrinsic value method. Under the intrinsic
value method, share-based compensation expense was only recognized by us if the exercise price of the stock option was less than
the fair market value of the underlying stock at the date of grant.



The Company accounts for
stock-based compensation to non-employees and consultants in accordance with the provisions of ASC 505-50 “Equity –Based
Payments to Non-employees”. Measurement of share-based payment transactions with non-employees shall be based on the fair
value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair
value of the share-based payment transactions should be determined at the earlier of performance commitment date or performance
completion date.



Issuance of Shares for Service



The Company accounts for
the issuance of equity instruments to acquire goods and services based on the fair value of the goods and services or the fair
value of the equity instrument at the time of issuance, whichever is more reliably measurable.



Foreign Currencies Translation



The functional currency
of the Company is Hong Kong dollars (“HK$”). The Company maintains its financial statements in the functional currency.
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. Transactions denominated in currencies other than the functional
currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange
gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.



For financial reporting
purposes, the financial statements of the Group which are prepared using the functional currency have been translated into United
States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses
are translated at the average exchange rates and stockholders’ equity is translated at historical exchange rates. Any translation
adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive
income, a component of stockholders’ equity.



Fair Value of Financial Instruments



The carrying values of
the Company’s financial instruments, including cash and cash equivalents, trade and other receivables, deposits, trade and
other payables approximate their fair values due to the short-term maturity of such instruments. The carrying amounts of borrowings
approximate their fair values because the applicable interest rates approximate current market rates.



Earnings Per Share



Basic earnings per share
is based on the weighted average number of common shares outstanding during the period while the effects of potential common shares
outstanding during the period are included in diluted earnings per share.  The average market price during the year is
used to compute equivalent shares.



FASB Accounting Standard
Codification Topic 260 (“ASC 260”), “Earnings Per Share,” requires that employee equity share options,
non-vested shares and similar equity instruments granted to employees be treated as potential common shares in computing diluted
earnings per share. Diluted earnings per share should be based on the actual number of options or shares granted and not yet forfeited,
unless doing so would be anti-dilutive. The Company uses the “treasury stock” method for equity instruments granted
in share-based payment transactions provided in ASC 260 to determine diluted earnings per share.







8





Website Development Costs



The Company recognized
the costs associated with developing a website in accordance with ASC 350-50 “Website Development Cost” that codified
the American Institute of Certified Public Accountants (“AICPA”) Statement of Position (“SOP”) NO. 98-1,
“Accounting for the Costs of Computer Software Developed or Obtained for Internal Use”. Relating to website development
costs the Company follows the guidance pursuant to the Emerging Issues Task Force (EITF) NO. 00-2, “Accounting for Website
Development Costs”. The website development costs are divided into three stages, planning, development and production. The
development stage can further be classified as application and infrastructure development, graphics development and content development.
In short, website development cost for internal use should be capitalized except content input and data conversion costs in content
development stage.



Costs associated with the
website consist primarily of website development costs paid to third party and directors. These capitalized costs will be amortized
based on their estimated useful life over three years upon the website becoming operational. Internal costs related to the development
of website content will be charged to operations as incurred. Web-site development costs related to the customers are charged to
cost of sales.



Revenue Recognition



The Company recognized
revenues from advertising insertion revenue in the period in which the advertisement is displayed, provided that evidence of an
arrangement exists, the fees are fixed or determinable and collection of the resulting receivable is reasonably assured. If fixed-fee
advertising is displayed over a term greater than one month, revenues are recognized ratably over the period as described below.
The majority of insertion orders have terms that begin and end in a quarterly reporting period. In the cases where at the end of
a quarterly reporting period the term of an insertion order is not complete, the Company recognizes revenue for the period by pro-rating
the total arrangement fee to revenue and deferred revenue based on a measure of proportionate performance of its obligation under
the insertion order. The Company measures proportionate performance by the number of placements delivered and undelivered as of
the reporting date.



Recent Accounting Pronouncements



On January 5, 2016, the
FASB issued ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities, which
amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires
all equity investments to be measured at fair value, with changes in the fair value recognized through net income (other than those
accounted for under equity method of accounting or those that result in consolidation of the investee). This standard will
be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Group
does not expect this standard to have a material impact on its consolidated financial statements.



On February 25, 2016,
the FASB issued ASU No. 2016-02 (“ASU 2016-02”), Leases. ASU 2016-02 specifies the accounting for leases. For operating
leases, ASU 2016-02 requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present
value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated
so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. In addition, this standard
requires both lessees and lessors to disclose certain key information about lease transactions. ASU 2016-02 is effective for public
companies for annual reporting periods, and interim periods within those years, beginning after December 15, 2018. Early adoption
is permitted. The Group does not expect this standard to have a material impact on its consolidated financial statements.



On March 30, 2016, the
FASB issued ASU 2016-09 (“ASU 2016-09”), Compensation – Stock Compensation: Improvements to Employee Share-Based
Payment Accounting, which relates to the accounting for employee share-based payments. This standard addresses several aspects
of the accounting for share-based payment award transactions, including: (a) income tax consequences; (b) classification of awards
as either equity or liabilities; and (c) classification on the statement of cash flows; (d) accounting for forfeitures of share-based
payments. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within
those fiscal years. The Group does not expect this standard to have a material impact on its consolidated financial statements.









9







In June 2016, the FASB
issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires
entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience,
current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable
to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years,
and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities
for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Group does not expect
this standard to have a material impact on its consolidated financial statements.



In August 2016, the FASB
issued Accounting Standards Update (“ASU”) 2016-15, Statement of Cash Flows – Classification of Certain Cash
Receipts and Cash Payments, which clarifies the presentation and classification of certain cash receipts and cash payments in the
statement of cash flows. This guidance is effective for financial statements issued for fiscal years beginning after December 15,
2017, and interim periods within those fiscal years. Early adoption is permitted. The Group does not expect this standard to have
a material impact on its consolidated financial statements.



In November 2016, the FASB
issued Accounting Standards Update (“ASU”) No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.
The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents,
and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted
cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period
and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after
December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim
period. The standard should be applied using a retrospective transition method to each period presented. The Group does not expect
this standard to have a material impact on its consolidated financial statements.



In January 2017, the FASB
issued Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the
Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities
with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard
is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early
adoption is permitted. The standard should be applied prospectively on or after the effective date. The Group does not expect this
standard to have a material impact on its consolidated financial statements.



In January 2017, the FASB
issued Accounting Standards Update (“ASU”) 2017-04, “Simplifying the Test for Goodwill Impairment.” The
guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment
will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount
of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning
after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing
dates after January 1, 2017. The Group does not expect this standard to have a material impact on its consolidated financial
statements.



Tabular Disclosure of Contractual Obligations



This information is not
required of smaller reporting companies.



| | ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
| | -------- | ----------------------------------------------------------



This information is not
required of smaller reporting companies.



| | ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
| | ------- | -------------------------------------------



This information is not
required of smaller reporting companies.



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



On April 14, 2014, we appointed
AWC (CPA) Limited (formerly known as Albert Wong & Co.) to be our principal accountant.



On April 30, 2016, AWC
(CPA) Limited has merged with Dominic K.F. Chan & Co and formed Centurion ZD CPA Limited (formerly known as DCAW (CPA) Limited).







10





| | ITEM 9A. | CONTROLS AND PROCEDURES
| | -------- | -----------------------



Disclosure Controls and Procedures



We have established disclosure
controls and procedures to ensure that material information relating to us is made known to the officers who certify our financial
reports and to other members of senior management and the Board of Directors.



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. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that
all control issues and instances of fraud, if any, within a company have been detected. Our disclosure controls and procedures
are designed to provide reasonable assurance of achieving its objectives. Based upon their evaluation as of December 31, 2016,
our Principal Executive and Principal Financial and Accounting Officer have concluded that our disclosure controls and procedures
(as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) are effective at that reasonable assurance
level.



Management's Report on Internal Control Over Financial Reporting



Under the supervision and
with the participation of our management, including our Principal Executive Officer and our Principal Financial and Accounting
Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the criteria
established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (“COSO”). Based on our evaluation under the criteria established in Internal Control –
Integrated Framework, our management concluded that our internal control over financial reporting was effective as of December
31, 2016.



This Annual Report does
not include an attestation report of our registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public accounting firm pursuant to rules of the Securities
and Exchange Commission that permit smaller reporting companies to provide only management’s report in this Annual Report.



Changes in Internal Control Over Financial Reporting



There has been no change
in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting during the most recently completed fiscal quarter.



| | ITEM 9B. | OTHER INFORMATION
| | -------- | -----------------



On
February 4, 2016, Mi1 Global Limited (“Mi1”) formerly known as: Abina Holding Incorporation purchased a total of 91,556,491
common shares of Domain Extremes Inc. (the “Company”) at US$0.00074 per share, representing 51% of the Company’s
outstanding common shares. The shares were purchased for cash from the following persons:



|Name                    | Number of shares
|----------------------- | ----------------
|                        |                 
|Promula Trading Limited | 42,230,345      
|HUANG Runpeng           | 3,100,000       
|Wai Yin Phoebe NG       | 4,749,828       
|Wai Leong TANG          | 5,903,678       
|Francis BOK             | 9,710,864       
|Stephen TANG            | 23,921,391      
|Shuk Har LAI            | 1,940,385       



Mi1
is a limited liability company registered in the Republic of Vanuatu. Mi1 is owned by its directors, Mr. LIM Kock Chiang (80%)
and Mr. KOK Seng Yeap (20%). Mr. LIM Kock Chiang and Mr. KOK Seng Yeap provided the financing to Mi1 to purchase the Company’s
shares. The financing is interest free and has no definite repayment schedule.







11







There
is no agreement between Mi1 and its owners and the former Company stockholders regarding election of directors or any other matters.



On April 11, 2016, Francis
Bok, Stephen Tang, Huang Run Peng, and Wu Cai Xia resigned from the Board of Directors (the “Board”) and their respective
executive positions of the Company as part of the Company’s management reorganization. The resignation by each of these individuals
did not involve any disagreements with the Company or the management of the Company.



In connection with the
departure of the aforementioned individuals the Company’s Board named the following individuals as current directors:



| | · | Lim Kock Chiang (Chairman and Chief Executive Officer)
| | - | ------------------------------------------------------

| | · | Kok Seng Yeap (Vice-Chairman)
| | - | -----------------------------

| | · | Kok May EE (Director and Chief Financial Officer)
| | - | -------------------------------------------------

| | · | Tan Peng Kwan (Director and Chief Operating Officer)
| | - | ----------------------------------------------------

| | · | Mustapha Bin Taib (Director and Chief Marketing Officer)
| | - | --------------------------------------------------------

| | · | Chan Kwong Kean (Director)
| | - | --------------------------

| | · | Phang Fuk Tjhan (Director)
| | - | --------------------------

| | · | Wan Mohd Akmal Bin Wan Salleh (Director)
| | - | ----------------------------------------



On April 11, 2016, the
Board of the Company approved an amendment to Section 1 of Article II of the By-laws of the Company to increase the maximum Board
size from seven (7) to ten (10) and fixed the current number at eight (8).



The foregoing description
of the By-laws does not purport to be complete and is qualified in its entirety by reference to the full text of the By-laws, a
copy of which is filed as Exhibit 3.2 and incorporated by reference to the Quarterly Report on May 16, 2016.



Effective June 15, 2016,
the Board of the Company increased the size of the Board from eight to ten directors and elected Mr. Dadeng Hidayat and Mr. Muhammad
Yunus Yosfiah as associated directors to fill the newly created vacancy on the Board.



On November 4, 2016, the
Company held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s
stockholders approved an amendment (the “Amendment”) to the Company’s Articles of Incorporation to (a) change
the name of the Company from “Domain Extremes Inc.” to “Mi1 Global TelCo., Inc.” and (b) increase the authorized
shares of common stock from 200,000,000 shares to 1,200,000,000 shares. The Amendment had previously been approved by the Board
of the Company on August 31, 2016, subject to the approval of the Company’s stockholders. The Amendment will become effective
upon its filing with the Secretary of State of the State of Nevada, which the Company will do as soon as practicable.



At the Annual Meeting held
at 9:00 a.m. local time on November 4, 2016, the Company’s stockholders voted on six proposals. The Company had 179,522,531
shares of common stock outstanding on September 9, 2016, the record date for the Annual Meeting, of which 162,355,905 shares of
common stock were present in person or represented by proxy at the Annual Meeting. The matters voted on at the Annual Meeting are
described in more detail in the Company’s definitive proxy statement on Schedule 14A, which the Company filed with the
Securities and Exchange Commission on September 19, 2016 (the “Proxy Statement”).







12





The following proposals
were voted upon at the Annual Meeting and the final
voting results with respect to each proposal are set forth below:



Proposal
1: The Company’s stockholders elected ten members to the Board to hold office until
the 2017 annual meeting of stockholders or until their successors are duly elected and qualified, or until their earlier death,
resignation or removal from office. The voting results were as follows:



|Name                          |  | Votes 
For |             |  | Votes 
Withheld |  |    | Broker Non- Votes | 
|----------------------------- |  | ---------- | ----------- |  | --------------- |  | -- | ----------------- | 
|Lim Kock Chiang               |  |            | 162,349,576 |  |                 |  | 16 |                   | 
|Kok Seng Yeap                 |  |            | 162,349,582 |  |                 |  | 10 |                   | 
|Kok May EE                    |  |            | 162,349,576 |  |                 |  | 16 |                   | 
|Tan Peng Kwan                 |  |            | 162,349,576 |  |                 |  | 16 |                   | 
|Mustapha Bin Taib             |  |            | 162,349,576 |  |                 |  | 16 |                   | 
|Chan Kwong Kean               |  |            | 162,349,576 |  |                 |  | 16 |                   | 
|Phang Fuk Tjhan               |  |            | 162,349,582 |  |                 |  | 10 |                   | 
|Wan Mohd Akmal Bin Wan Salleh |  |            | 162,349,582 |  |                 |  | 10 |                   | 
|Dadeng Hidayat                |  |            | 162,349,582 |  |                 |  | 10 |                   | 
|Muhammad Yunus Yosfiah        |  |            | 162,349,581 |  |                 |  | 11 |                   | 



Proposal 2:
The Company’s stockholders ratified the selection of DCAW (CPA) Limited (“DCAW”) as the Company’s independent
registered public accounting firm for the year ending December 31, 2016. The voting results were as follows:



|Votes For   |  | Votes Against |  | Votes Abstained | 
|----------- |  | ------------- |  | --------------- | 
|162,355,722 |  | 0             |  | 183             | 



Proposal 3:
The Company’s stockholders approved the amendment to the Company’s Articles of Incorporation to change the name of
the Company to “Mi1 Global TelCo., Inc.” The voting results were as follows:



|Votes For   |  | Votes Against |  | Votes Abstained | 
|----------- |  | ------------- |  | --------------- | 
|162,355,722 |  | 0             |  | 183             | 



The
amendment to the Company’s Articles of Incorporation will become effective upon its filing with the Secretary of State of
the State of Nevada, which the Company will do as soon as practicable.



Proposal 4:
The Company’s stockholders approved the amendment to the Company’s Articles of Incorporation to increase the number
of authorized shares of common stock from 200,000,000 shares to 1,200,000,000 shares. The voting results were as follows:



|Votes For   |  | Votes Against |  | Votes Abstained | 
|----------- |  | ------------- |  | --------------- | 
|162,353,838 |  | 2,067         |  | 0               | 



The
amendment to the Company’s Articles of Incorporation will become effective upon its filing with the Secretary of State of
the State of Nevada, which the Company will do as soon as practicable.



Proposal 5:
The Company’s stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive
officers, as described in the Proxy Statement. The voting results were as follows:



|Votes For   |  | Votes Against |  | Votes Abstained |  | Broker Non-Votes
|----------- |  | ------------- |  | --------------- |  | ----------------
|162,349,577 |  | 15            |  | 0               |  | 6,313           







13





Proposal 6:
The Company’s stockholders approved, on a non-binding advisory basis, the frequency of future advisory votes on the compensation
of the Company’s named executive officers every 3 years. The voting results were as follows:



|3 Years     |  | 2 Years |  | 1 Year |  | Votes Abstained |  | Broker Non-Votes
|----------- |  | ------- |  | ------ |  | --------------- |  | ----------------
|162,349,505 |  | 11      |  | 73     |  | 0               |  | 6,316           



On February 14, 2017, Kok
Seng Yeap, Kok May EE, Tan Peng Kwan, Chan Kwong Kean, Wan Mohd Akmal Bin Wan Salleh and Muhammad Yunus Yosfiah resigned from the
Board and their respective executive positions of the Company as part of the Company’s management reorganization. The resignation
by each of these individuals did not involve any disagreements with the Company or the management of the Company.







14





PART III



| | ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.
| | -------- | -------------------------------------------------------



The following table sets
forth information regarding our executive officers and directors as of December 31, 2016.







|Name                          | Age | Principal Position                                | Appointment/Resignation date    
|----------------------------- | --- | ------------------------------------------------- | --------------------------------
|Francis Bok                   | 50  | Director, President (principal executive officer) | January 23,2006/April 11, 2016  
|Stephen Tang                  | 64  | Director, Treasurer (principal financial officer) | January 23,2006/April 11, 2016  
|Huang Run Peng                | 54  | Director                                          | February 7, 2012/April 11, 2016 
|Wu Cai Xia                    | 50  | Director                                          | February 7, 2012/April 11, 2016 
|Lim Kock Chiang               | 42  | Director, Chairman and Chief Executive Officer    | April 11, 2016                  
|Kok Seng Yeap                 | 41  | Director and Vice Chairman                        | April 11, 2016/February 14, 2017
|Kok May EE                    | 26  | Director and Chief Financial Officer              | April 11, 2016/February 14, 2017
|Tan Peng Kwan                 | 53  | Director and Chief Operating Officer              | April 11, 2016/February 14, 2017
|Mustapha Bin Taib             | 70  | Director and Chief Marketing Officer              | April 11, 2016                  
|Chan Kwong Kean               | 34  | Director                                          | April 11, 2016/February 14, 2017
|Phang Fuk Tjhan               | 47  | Director                                          | April 11, 2016                  
|Wan Mohd Akmal Bin Wan Salleh | 29  | Director                                          | April 11, 2016/February 14, 2017
|Dadeng Hidayat                | 45  | Associated Director                               | June 15, 2016                   
|Muhammad Yunus Yosfiah        | 72  | Associated Director                               | June 15, 2016/February 14, 2017 



Francis Bok
served as our President and Chairman of our board of directors from our inception in January 2006 to April 2016. In addition, since
June 2005, Mr. Bok also serves as chief executive officer of Beyond IVR Limited, an information technology company providing tailor-made
telecommunications solutions and telephone servicing, based in Hong Kong. During 2004, Mr. Bok served as assistant manager for
Kactus Limited, a Hong Kong-based content and applications provider for mobile handsets. From 2002 until 2004, Mr. Bok was the
manager, solutions services, for Continuous Technologies International Limited in Hong Kong, which provides CRM solutions, project
management and system integration services. Mr. Bok received his B.Math in Mathematics in 1993 from the University of Waterloo,
Canada, a Master of Science in 1997 from the University of Hong Kong, and an MBA in 2000 from the City University of Hong Kong.



Stephen Tang
served as a Director and Treasurer of the Company from January 2006 to April 2016. Mr. Tang has served as the chairman of Mega
Pacific Capital, Inc., a finance and investment consulting firm, serving Asian companies, since 2005. From 2003 to 2005, Mr. Tang
was a director and chairman of Sancon Resources Recovery, Inc., an environmental service company specializing in the collection,
processing and selling or reprocessed materials. From April 2008 through March 2009, Mr. Tang served as a director of The Hartcourt
Companies. Mr. Tang received his Bachelor’s degree in Business Administration from Hong Kong Baptist University in 1974 and
his MBA from the Asian Institute of Management in Manila, Philippines, in 1976.



Huang Run
Peng served as a Director of the Company from February 2012 to April 2016. Mr. Huang has served as the president of the
board of the Promula Trading Limited and the president of Tianjin Rongtian Equity Investment Fund Management Co., Ltd., a Chinese
fund manager, since 2011. From 2005 to 2008, Mr. Huang was a factory director of Pengda Stainless Steel Products Factory.



WuCai Xia
served as a Director of the Company from February 2012 to April 2016. Ms. Wu has served as general manager of the Promula Trading
Limited and the general manager of Tianjin Rongtian Equity Investment Fund Management Co., Ltd. since 2010. From 2009 to 2010,
Ms. Wu was a training business manager of China Telecom Company in Xinxiang. From 2005 to 2009, Ms. Wu was a senior director of
operations of Ping An Insurance Company.



Lim Kock
Chiang currently serves as the Company’s Chairman and Chief Executive Officer, and is the Founder of Mi1 Group of
companies. In addition to his service with the Company, Dato’ Dr. Lim has served as Marketing Manager of My Mi One Telco
Solution since 2011 and Smart Magic Belt from 2006 to 2010. In addition, Dato’ Dr. Lim has been involved in his family’s
business of egg production since 1994, which penetrated 90% of ASEAN market. Dato’ Dr. Lim started an entrepreneurship in
2006 that has expanded rapidly and has established a strong footing in Malaysia and Indonesia. Dato’ Dr. Lim holds his Doctor
of Philosophy of Entrepreneurship from Wisconsin International University. We believe Dato’ Dr. Lim’s extensive experience
in the trading industry, together with his experience running several businesses, qualify him to serve as Chairman and Chief Executive
Officer.







15







Kok Seng Yeap
served as Vice-Chairman of the Company from April 2016 to February 2017. In addition to his service with the Company, Dato’
Kok serves in various other capacities, including Chairman, Chief Executive Officer, President, Chief Financial Officer, Secretary
and Treasurer at Toga Capital Limited, positions held since August 2015, Chief Executive Officer, President and Chief Financial
Officer at Gold Billion Group Holdings Limited, positions held since November 2014, and Associate Director of First Asia Holdings
Limited, a position held since November 2013. Dato’ Kok is also the Owner of RichCorp Holdings Ltd and has previously served
as Managing Director of NobleCorp Asset Management Ltd and as an advisor for Hengyep International Wealth Management (Hong Kong)
and IVP Holding Co. Ltd (Singapore). Dato’ Kok has served as a director of Gold Billion Group Holdings Limited since November
2014 and Kingsburg Holdings Limited since 2012. Dato’ Kok has received qualifications from the Malaysia Insurance Institute
and Rockwills Sdn Bhnd, Malaysia. We believe Dato’ Kok’s vast experience in the financial industry qualifies him to
service as Vice-Chairman.



Kok May EE
served as the Company’s Chief Financial Officer and as a Director from April 2016 to February 2017. In addition to her service
with the Company, Ms. Kok is the Director of Finemetal Malaysia Sdn. Bhd, a Company dealing with Swiss precious metal traders,
a position she had held since July 2014. Since 2012, Ms. Kok has served as CEO of a financial group company in Hong Kong. Ms. Kok
received a finance degree from Middlesex University in London, where she graduated with first class honors. She also holds a MBA
from the University of St. Mark & St. John. We believe Ms. Kok’s management and professional knowledge of financial analysis
qualify her to serve as our Chief Financial Officer and as a Director.



Tan Peng Kwan
served as the Company’s Chief Operating Officer and as a Director from April 2016 to February 2017. In addition to his service
with the Company, Dr. Tan participates in the management of the Mi1 Group of companies. From 2012 until 2016, Dr. Tan worked as
the contracted Chinese Physician of B4ItHappens, in Petaling Jaya, Selangor, Malaysia. Dr. Tan holds a degree in management and
a certification in Traditional Chinese Medicine. We believe that Dr. Tan’s experience in administering, directing and coordinating
business operations qualifies him to serve as our Chief Operating Officer and as a Director.



Mustapha Bin Taib
currently serves as the Company’s Chief Marketing Officer and as a Director. Prior to joining the Company, Mr. Taib served
as Special Officer in the Ministry of Higher Education, Ministry of Agriculture and Ministry of International Trade and Industries,
a position he held from 2007 to 2014. In 2005, Mr. Taib was appointed Deputy Director General of Jasa Malaysia and in 2001 he was
appointed to a think-tank panel for the Special Affairs Department of the Ministry of Information Malaysia. From 1974 to 1998,
Mr. Taib worked as a Lecturer for Kelantan Islamic Foundation, Islam Academic of Malaya University and Yayasan Dakwah Islamiah.
We believe that Mr. Taib’s vast network and experience working with governmental entities qualify him to serve as our Chief
Marketing Officer and as a Director.



Chan Kwong
Kean served as a Director of the Company from April 2016 to February 2017. In addition to his service with the Company,
Mr. Chan serves as assistant General Manager and Director of Mi1 Group of companies, where he handles all operations. Over the
past 14 years, Mr. Chan has worked at TNS Global Market Research Company and MPH Bookstores as a Senior Finance Executive. Mr.
Chan has gained additional business experience by running his own franchise retail business, Cosway. Mr. Chan received a Functional
Nutrition degree in 2010 from Nutrition Therapist and a Higher Diploma in Accounting in 2003. We believe that Mr. Chan’s
vast experience in a wide variety of disciplines qualifies him to serve as a Director.



Phang Fuk Tjhan
currently serves as a Director of the Company. In addition to his service with the Company, Mr. Tjhan serves as General Manager
of Pt. Mi One Global Indonesia, a PMA company engaged in telecommunications a position he has held since November 2015. In 2014,
Mr. Tjhan worked as an account and finance manager at City Bank in Jakarta. From 2002 to 2008, Mr. Tjhan worked at PT. Laras Cemerlang
as a money changer. From 1996 to 2002, Mr. Tjhan worked in banking at Bank Tiara Asia and Citibank. Mr. Tjhan received a degree
from STBA-Yapari Bandung in 1994. We believe that Mr. Tjhan’s vast experience in the banking world, together with his hard
work and motivation, qualify him to serve as a Director.



Wan Mohd Akmal
Bin Wan Salleh served as a Director of the Company from April 2016 to February 2017. During the past five years, Mr. Akmal
has worked as a consultant in fund management, forex marketing and information technology services. Additionally, Mr. Akmal started
his own telecommunications company. Mr. Akmal received a Bachelor’s degree in Electrical Power Engineering in 2010 and is
currently working on his MBA. We believe that Mr. Akmal’s vast experience in telecommunications qualifies him to serve as
a Director.







16





Dadeng Hidayat
currently serves as an Associated Director of the Company. In addition to his service with the Company, Mr. Hidayat has served
as Coordinator of Corruption Investigation Forum, Secretary of the Foundation of Indonesia Bersatus, Chief of Red and White Center
and as a delegate to Tabloid Media Corruption Court in Jakarta during the year 2015. From 2012 to 2015, Mr. Hidayat served as President
Director of PT. Stars Duta Indonesia. He served as President Director of PT. Coin Investment Development from 2010 to 2012, President
Director of PT. Coins Chem Tech from 2004 to 2009 and PT. Prabu Gentar Bumi from 2001 to 2004. Mr. Hidayat graduated from Universitas
Borobudur in 2000 and has also had a career as a journalist. We believe that Mr. Hidayat’s vast experience in financial management
and human resources qualifies him to serve as a Director.



Muhammad Yunus Yosfiah
served as an Associated Director of the Company from June 2016 to February 2017. Prior to his role as Director, Lieutenant General
(ret.) Muhammad Yunus’ served as Minister of Information under President Bacharuddin Jusuf Habibie. From 2004 to 2009, Mr.
Yosfiah served as a member of Parliament and sat on the Comission XI. In 2002, Mr. Yosfiah became a member of the United Development
Party. Prior to his involvement with the United Development Party, he was Information Minister in the Development Reform Cabinet
from 1998-1998 and chairman of the ABRI faction in MPR Indonesia in 1997. We believe that Mr. Yosfiah’s vast experience in
military and government qualifies him to serve as a Director.



Family Relationships



Kok Seng Yeap and Kok May
EE are siblings. Other than the foregoing, there is no family relationship between any director, executive officer or director
nominee.



Legal Proceedings



During the past ten years, none of our directors,
executive officers or control persons have been involved in any of the following events:



| | • | any bankruptcy petition filed by or against any business of which such person was an executive officer either at the time of the bankruptcy or within two years prior to that time;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



| | • | being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | any judicial or administrative proceedings resulting from involvement in mail or wire fraud or fraud in connection with any business entity;
| | - | --------------------------------------------------------------------------------------------------------------------------------------------



| | • | any judicial or administrative proceedings based on violations of federal or state securities, commodities, banking or insurance laws and regulations, or any settlement to such actions (other than settlements of civil proceedings among private parties); and
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | any disciplinary sanctions or orders imposed by a stock, commodities or derivatives exchange or other self-regulatory organization.
| | - | -----------------------------------------------------------------------------------------------------------------------------------



Code of Ethics



We have adopted a written
Code of Ethics that applies to all of our officers, directors and employees, including our principal executive officer and principal
financial officer, or persons performing similar functions. Our Code of Ethics is also published on our website www.domainextremes.com.
We will make a copy of our Code of Ethics available to anyone upon written request.







17







Board Nominations



There have been no material
changes to the Company’s procedures by which stockholders may recommend nominees to the Board of Directors.



Audit Committee Matters



The Company does not have
a formal Audit Committee. All matters are handled by the Board of Directors.



Section 16(a) Beneficial Ownership Reporting
Compliance



Section 16(a) of the Securities
Exchange Act of 1934 requires our officers, directors and persons who own more than ten percent of a registered class of our equity
securities to file reports of ownership and changes in ownership with the Securities and Exchange Commission. Officers, directors
and ten percent stockholders are required by regulation to furnish us with copies of all Section 16(a) forms they file. Based solely
on copies of such forms received or written representations from certain reporting persons that no Form 5s were required for those
persons, we believe that, during the fiscal year ended December 31, 2016, all filing requirements applicable to our officers, directors
and greater than ten percent beneficial owners were complied with.



| | ITEM 11. | EXECUTIVE COMPENSATION
| | -------- | ----------------------



From November 8, 2011 to
September 30, 2015, we pay directors’ fees to Mr. Francis Bok and Mr. Stephen Tang of $1,000 per month and $2,500 per month,
respectively.



Executive Officers



None of the Company’s
Named Executive Officers have received compensation in the form of cash for their management services to the Company since our
inception; however, each has received cash or share-based compensation in lieu of cash for services as directors as set forth in
the Summary Compensation Table below. Future compensation of officers will be determined by the Board of Directors based upon our
financial condition and performance, our financial requirements, and individual performance of each officer.



We do not have an employment
agreement with the Company’s Named Executive Officers. Further, we have no compensatory plans or arrangements, including
payments to be received from the Company, with respect to either Executive Officer or any other of our employees, which would in
any way result in payments to any such person because of resignation, retirement or other termination of such person's employment
with us, or any change in control of the Company, or a change in the person's responsibilities following such a change in control.



No retirement, pension,
profit sharing, stock option or insurance programs or other similar programs have been adopted by us for the benefit of our executive
officers and employees.







18





Directors



Pursuant to our bylaws,
our directors are eligible to be reimbursed for their actual out-of-pocket expenses incurred in attending board meetings and other
director functions, as well as fixed fees and other compensation to be determined by our board of directors. The fixed fee is determined
by the Board of Directors from time to time.In 2015 and 2016, we paid cash compensation to our directors for services as
directors as set forth in the Summary Compensation Table below. In 2016, Mr. Stephen Tang’s and Mr. Kok Seng Yeap’s
reimbursed expenses were $7,458 and $46,600, respectively.



|Summary Compensation Table(1)                                      
|-------------------------------------------------------------------
|Name and Principal Position                                        
|($)                                                                
|Francis Bok [President (principal executive officer) and Director] 
|2015                                                               
|2016                                                               
|Stephen Tang [Treasurer (principal financial officer) and Director]
|2015                                                               
|2016                                                               



(1) Mr. Bok and Mr. Tang did not
receive any salary, bonus, stock awards, option awards, non-equity incentive compensation earnings, or nonqualified deferred compensation
earnings in 2015 or 2016. Amounts received as “Directors' Fees” reflect the dollar value of cash received in 2015 and
2016. Mr. Bok and Mr. Tang resigned from the board of directors in April 2016.



Compensation Committee Interlocks and Insider Participation;
Compensation Committee Report



This information is not
required of smaller reporting companies.



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



The following table sets
forth certain information regarding the beneficial ownership of our common stock as of December 31, 2016. The information in this
table provides the ownership information for:



| | • | each person known by us to be the beneficial owner of more than 5% of our common stock;
| | - | ---------------------------------------------------------------------------------------



| | • | each of our directors and executive officers; and
| | - | -------------------------------------------------



| | • | all of our directors and executive officers as a group.
| | - | -------------------------------------------------------







19







Beneficial ownership
has been determined in accordance with the rules and regulations of the SEC and includes voting or investment power with respect
to our common stock and those rights to acquire additional shares within sixty days. Unless otherwise indicated, the persons named
in the table below have sole voting and investment power with respect to the number of shares of common stock indicated as beneficially
owned by them, except to the extent such power may be shared with a spouse. Common stock beneficially owned and percentage ownership
are based on 179,522,531 shares of common stock currently outstanding and no additional shares potentially acquired within sixty
days.



|Name and Address of Beneficial Owner(1)                                                                                                                          |  | Sole Voting 
and Investment
 Power |   |  | Shared Voting
 and Investment
 Power |  |            | Total Beneficially Owned |  |  | Percentage of Outstanding
 Shares Beneficially Owned | 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------- | - |  | ------------------------------------ |  | ---------- | ------------------------ |  |  | ---------------------------------------------------- | 
|Stephen Tang(2)
                                 602 Nan Fung Tower, Suite 6/F 173 Des Voeux Road Central Central District, Hong Kong                            |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Francis Bok(2)
                                 602 Nan Fung Tower, Suite 6/F 173 Des Voeux Road Central Central District, Hong Kong                             |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Lim Kock Chiang(3)                                                                                                                                               |  |                                    | – |  |                                      |  | 73,245,193 |                          |  |  | 73,245,193                                           | 
|Kok Seng Yeap(4)                                                                                                                                                 |  |                                    | – |  |                                      |  | 18,311,298 |                          |  |  | 18,311,298                                           | 
|Mi1 Global Limited
                                 (fka Abina Holding Incorporation) Rm 1202A, 12/F Empire Centre 68 Mody Road, Tsimshatsui, Kowloon, Hong Kong |  |                                    |   |  |                                      |  | 91,556,491 |                          |  |  | 91,556,491                                           | 
|Kok May EE                                                                                                                                                       |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Tan Peng Kwan                                                                                                                                                    |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Mustapha Bin Taib                                                                                                                                                |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Chan Kwong Kean                                                                                                                                                  |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Phang Fuk Tjhan                                                                                                                                                  |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Wan Mohd Akmal Bin Wan Salleh                                                                                                                                    |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Dadeng Hidayat                                                                                                                                                   |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|Muhammad Yunus Yosfiah                                                                                                                                           |  |                                    | – |  |                                      |  | –          |                          |  |  | –                                                    | 
|All directors and executive officers as a group (10 persons)                                                                                                     |  |                                    | – |  |                                      |  | 91,556,491 |                          |  |  | 91,556,491                                           | 



|(1) | Unless otherwise indicated, the address of such beneficial owner is the Company’s principal executive office, which is located at 36, Jalan Seri Utara 3/3C, Kipark Avenue, Off Jalan Ipoh, 68100 Kuala Lumpur, Wilayah Persekutuan, Malaysia.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | Resigned in April 2016.                                                                                                                                                                                                                       
|(3) | Shares of common stock held by Mi1 Global Limited, which Mr. Lim may be deemed to own beneficially.                                                                                                                                           
|(4) | Shares of common stock held by Mi1 Global Limited, which Mr. Kok may be deemed to own beneficially.                                                                                                                                           



Change of Control Arrangements



None.



Securities Authorized for Issuance Under
Equity Compensation Plans



None.







20







|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
|-------- | -------------------------------------------------------------------------



Our directors have advanced
funds on an interest-free basis, with no maturity date, from inception for working. Amounts advanced totaled $98,306 in 2016 and
$38,761 in 2015. In 2015, Mr. Bok and Mr. Tang advanced amounts for cash, director fee, professional service fees and transfer
agent fees. In 2016, Mr. Kok Seng Yeap advanced amounts for cash and professional service fees.



As of the date of this
Annual Report, we have no standing committees and our entire board of directors serves as our audit and compensation committees.
We have determined that none of our directors are independent based on an analysis of the standards for independence set forth
in Section 121A of the American Stock Exchange Company Guide. If we undertake to qualify our common stock for quotation in the
over-the-counter market, we may need to ensure we meet any eligibility requirements with respect to independent directors.



| | ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES.
| | -------- | ---------------------------------------



Audit Fees



During the year ended December
31, 2016, we paid our principal accountants $4,679 in connection with our annual audit for the year ended December 31, 2014 and
December 31, 2015 and the review of our Quarterly Reports on Form 10-Q. The fee for the audit of the financial statements included
in this Annual Report on Form 10-K for the fiscal year ended December 31, 2016 is $2,308. The aggregate of such fees is $6,987.



Audit-Related Fees



We did not receive audit-related
services that are not reported as Audit Fees for the year ended December 31, 2016.



Tax Fees



During fiscal 2016, our
principal accountant did not render services to us for tax compliance, tax advice and tax planning.



All Other Fees



During fiscal 2016, there
were no fees billed for products and services provided by the principal accountant other than those set forth above.



Audit Committee Approval



We do not have a formal
audit committee. Our Board of Directors pre-approved all of the foregoing services.







21





PART IV



| | ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES
| | -------- | ---------------------------------------



(a) The following Exhibits are filed as part
of this report.



|Exhibit No. |  | Description                                                                                                                           
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------
|            |  |                                                                                                                                       
|3.1         |  | Articles of Incorporation, as amended as of May 4, 2009*                                                                              
|3.2         |  | By-laws, as currently in effect*                                                                                                      
|10.1        |  | Financial Consulting Services Agreement, dated as of January 1, 2007, by and among Mega Pacific Capital Inc. and Domain Extremes Inc.*
|10.2        |  | Project Agreement, dated January 11, 2008, between Domain Extremes Inc. and Guangzhou Sunnasia Digital Technology Co. Ltd.*           
|10.3        |  | Service Agreement, dated February 17, 2016, between Domain Extremes Inc. and Fintel (USA) Ltd.                                        
|14.1        |  | Code of Business Conduct and Ethics*                                                                                                  
|31.1        |  | Certification of Chairman                                                                                                             
|31.2        |  | Certification of Chief Marketing Officer                                                                                              
|32.1        |  | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002                    
|32.2        |  | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002                    
|101.INS**   |  | XBRL Instance Document                                                                                                                
|            |  |                                                                                                                                       
|101.SCH**   |  | XBRL Taxonomy Extension Schema Document                                                                                               
|            |  |                                                                                                                                       
|101.CAL**   |  | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                 
|            |  |                                                                                                                                       
|101.DEF**   |  | XBRL Taxonomy Extension Definition Linkbase Document                                                                                  
|            |  |                                                                                                                                       
|101.LAB**   |  | XBRL Taxonomy Extension Label Linkbase Document                                                                                       
|            |  |                                                                                                                                       
|101.PRE**   |  | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                



|*  |  | Incorporated by reference to the Registrant’s Registration Statement on Form
10, dated August 3, 2009, SEC File No. 000-53749.
|-- |  | ------------------------------------------------------------------------------------------------------------------------------
|** |  | To be filed by amendment.                                                                                                     







22







DOMAIN EXTREMES INC.

(A CORPORATION IN THE DEVELOPMENT STAGE)



FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2016 AND
2015

AND INDEPENDENT AUDITORS’ REPORT



(Stated in US Dollars)







INDEX TO FINANCIAL STATEMENTS





|                                                        | PAGES     
|------------------------------------------------------- | ----------
|                                                        |           
|REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | F-2       
|                                                        |           
|BALANCE SHEETS                                          | F-3       
|                                                        |           
|STATEMENTS OF OPERATIONS                                | F-4       
|                                                        |           
|STATEMENTS OF STOCKHOLDERS’ EQUITY                      | F-5       
|                                                        |           
|STATEMENTS OF CASH FLOWS                                | F-6       
|                                                        |           
|NOTES TO FINANCIAL STATEMENTS                           | F-7 – F-16





























F-1







|                                                                                                                                                                                                                                                                                                                                                                                                                              | 中正達會計師事務所有限公司
        Centurion ZD CPA Limited
        Certified Public Accountants (Practising)
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------
|HK office: 7th Floor, Nan Dao Commercial Building, 359-361 Queen’s
        Road Central, Hong Kong
        香港 皇后大道中三五九至三六一號
        南島商業大廈七樓
        Tel : (852) 2851 7954	Fax: (852) 2545 4086
        Kowloon office: Room 2105-06, 21/F., Office Tower, Langham Place,
        8 Argyle Street, Mongkok, Kowloon, Hong Kong
        九龍
        旺角 亞皆老街八號 朗豪坊辦公大樓2105-06室
        Tel: (852) 2780 0607	Fax: (852) 2780 0013



To: the Board of Directors and Shareholders of

Domain Extremes Inc.





REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM



We have audited the accompanying balance sheets
of Domain Extremes Inc. (“the Company”) as of December 31, 2016 and 2015 the related statements of operations,
stockholders’ equity and cash flows for each of the years in the period ended December 31, 2016 and 2015. 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 (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included
consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
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 the Company as of December 31, 2016 and 2015 and the
results of its operations and its cash flows for each of the years in the period ended December 31, 2016 and 2015 in conformity
with accounting principles generally accepted in the United States of America.



The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the consolidated 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. The consolidated financial statements do not include any adjustments that might result
from the outcome of this uncertainty.





/s/ Centurion ZD CPA Limited

Certified Public Accountants (Practising)

(Formerly known as DCAW (CPA) Limited)

Hong Kong

Dated: March 30, 2017





F-2





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



BALANCE SHEETS

(Stated in US Dollars)





|                                                                              |  |       |  | At December 31, |         
|----------------------------------------------------------------------------- |  | ----- |  | --------------- | --------
|                                                                              |  | Notes |  | 2016            |         
|                                                                              |  |       |  |                 | $       
|                                                                              |  |       |  |                 |         
|ASSETS                                                                        |  |       |  |                 |         
|Current Asset:                                                                |  |       |  |                 |         
|Cash and cash equivalents                                                     |  |       |  |                 | 7,833   
|                                                                              |  |       |  |                 |         
|Total Current Asset                                                           |  |       |  |                 | 7,833   
|                                                                              |  |       |  |                 |         
|Non-Current Asset :                                                           |  |       |  |                 |         
|Plant and equipment                                                           |  |       |  |                 | –       
|                                                                              |  |       |  |                 |         
|Total Non-Current Assets                                                      |  |       |  |                 | –       
|                                                                              |  |       |  |                 |         
|TOTAL ASSETS                                                                  |  |       |  |                 | 7,833   
|                                                                              |  |       |  |                 |         
|LIABILITIES AND STOCKHOLDERS’ DEFICIT                                         |  |       |  |                 |         
|                                                                              |  |       |  |                 |         
|LIABILITIES                                                                   |  |       |  |                 |         
|Current Liabilities:                                                          |  |       |  |                 |         
|Accrued expenses and other payables                                           |  | 7     |  |                 | 31,460  
|Advance from related parties                                                  |  | 8     |  |                 | 294,381 
|                                                                              |  |       |  |                 |         
|Total Current Liabilities                                                     |  |       |  |                 | 325,841 
|                                                                              |  |       |  |                 |         
|TOTAL LIABILITIES                                                             |  |       |  |                 | 325,841 
|                                                                              |  |       |  |                 |         
|STOCKHOLDERS’ (DEFICIT)/EQUITY                                                |  |       |  |                 |         
|Common stock                                                                  |  |       |  |                 |         
|Par value: US$0.001                                                           |  |       |  |                 |         
|Authorized: 2016 – 200,000,000 shares (2015 – 200,000,000 shares)             |  |       |  |                 |         
|Issued and outstanding: 2016 – 179,522,531 shares (2015 – 179,522,531 shares) |  | 6     |  |                 | 179,522 
|Additional paid-in-capital                                                    |  |       |  |                 | 165,850 
|Deficit accumulated during the development stage                              |  |       |  |                 | (663,380
|                                                                              |  |       |  |                 |         
|TOTAL STOCKHOLDERS’ DEFICIT                                                   |  |       |  |                 | (318,008
|                                                                              |  |       |  |                 |         
|TOTAL
LIABILITIES AND STOCKHOLDERS’ EQUITY                                    |  |       |  |                 | 7,833   



See accompanying notes to financial statements









F-3





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



STATEMENTS OF OPERATIONS

(Stated in US Dollars)





|                                                                                |  |       |  | For the year ended December 31, 2016 |             |   | For the year ended December 31, 2015 |  |             | For the period January 23, 2006 (inception) through December 31, 2016 | 
|------------------------------------------------------------------------------- |  | ----- |  | ------------------------------------ | ----------- | - | ------------------------------------ |  | ----------- | --------------------------------------------------------------------- | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|                                                                                |  | Notes |  | $                                    |             |   | $                                    |  |             | $                                                                     | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Net sales                                                                       |  |       |  |                                      | 7,538       |   |                                      |  | 8,292       |                                                                       | 
|Cost of sales                                                                   |  |       |  |                                      | –           |   |                                      |  | –           |                                                                       | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Gross Profit                                                                    |  |       |  |                                      | 7,538       |   |                                      |  | 8,292       |                                                                       | 
|Impairment loss of long-term investment                                         |  |       |  |                                      | –           |   |                                      |  | –           |                                                                       | 
|Impairment loss of intangible assets                                            |  |       |  |                                      | –           |   |                                      |  | –           |                                                                       | 
|Other operating income                                                          |  | 4     |  |                                      | 11,077      |   |                                      |  | –           |                                                                       | 
|Administrative and other operating expenses, including share based compensation |  |       |  |                                      | (98,544     | ) |                                      |  | (82,300     | )                                                                     | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Operating loss before income taxes                                              |  |       |  |                                      | (79,929     | ) |                                      |  | (74,008     | )                                                                     | 
|Income taxes                                                                    |  | 5     |  |                                      | –           |   |                                      |  | –           |                                                                       | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Net loss and comprehensive loss                                                 |  |       |  |                                      | (79,929     | ) |                                      |  | (74,008     | )                                                                     | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Loss per share of common stock                                                  |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|- Basic and diluted                                                             |  |       |  |                                      | (0.00       | ) |                                      |  | (0.00       | )                                                                     | 
|                                                                                |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|Weighted average shares of common stock                                         |  |       |  |                                      |             |   |                                      |  |             |                                                                       | 
|- Basic and diluted                                                             |  |       |  |                                      | 179,522,531 |   |                                      |  | 148,951,232 |                                                                       | 



See accompanying notes to financial statements







F-4





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



STATEMENTS OF STOCKHOLDERS’ EQUITY

(Stated in US Dollars)



|                                |  |              |             |  |         |  |         |             |  |  | Deficit     |  |  |       |         
|------------------------------- |  | ------------ | ----------- |  | ------- |  | ------- | ----------- |  |  | ----------- |  |  | ----- | --------
|                                |  |              |             |  |         |  |         |             |  |  | accumulated |  |  |       |         
|                                |  |              |             |  |         |  |         | Additional  |  |  | during the  |  |  |       |         
|                                |  | Common stock |             |  | Paid-in |  |         | development |  |  |             | 
|                                |  | Share(s)     |             |  | Amount  |  |         | Capital     |  |  | stage       |  |  | Total |         
|                                |  |              |             |  | $       |  |         | $           |  |  | $           |  |  | $     |         
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Balance, December 31, 2014      |  |              | 144,542,831 |  |         |  | 144,543 |             |  |  | 67,907      |  |  |       | (509,443
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Issuance of common stock        |  |              | 34,979,700  |  |         |  | 34,979  |             |  |  | 97,943      |  |  |       | –       
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Net loss and comprehensive loss |  |              | –           |  |         |  | –       |             |  |  | –           |  |  |       | (74,008 
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Balance, December 31, 2015      |  |              | 179,522,531 |  |         |  | 179,522 |             |  |  | 165,850     |  |  |       | (583,451
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Net loss and comprehensive loss |  |              | –           |  |         |  | –       |             |  |  | –           |  |  |       | (79,929 
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|                                |  |              |             |  |         |  |         |             |  |  |             |  |  |       |         
|Balance, December 31, 2016      |  |              | 179,522,531 |  |         |  | 179,522 |             |  |  | 165,850     |  |  |       | (663,380



See accompanying notes to financial statements







F-5





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



STATEMENTS OF CASH FLOWS

(Stated in US Dollars)



|                                                       |  | For the year ended December 31, 2016 |         |   | For
                                         the year ended December 31, 2015 |  |          | For the period January 23, 2006 (inception) through December 31, 2016 | 
|------------------------------------------------------ |  | ------------------------------------ | ------- | - | ----------------------------------------------------------------------------- |  | -------- | --------------------------------------------------------------------- | 
|                                                       |  | $                                    |         |   | $                                                                             |  |          | $                                                                     | 
|Cash flows from operating activities:                  |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Net loss and comprehensive loss                        |  |                                      | (79,929 | ) |                                                                               |  | (74,008  | )                                                                     | 
|Depreciation                                           |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 
|Share based compensation                               |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 
|Changes in current assets and liabilities              |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Prepaid expenses and other receivables                 |  |                                      | –       |   |                                                                               |  | 10,430   |                                                                       | 
|Amount due to related parties                          |  |                                      | 84,723  |   |                                                                               |  | (69,445  | )                                                                     | 
|Accrued expenses and other payables                    |  |                                      | 3,000   |   |                                                                               |  | (3       | )                                                                     | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Net cash provided by / (used in) operating activities  |  |                                      | 7,794   |   |                                                                               |  | (133,026 | )                                                                     | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Cash flows from financing activity:                    |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Issuance of share capital                              |  |                                      | –       |   |                                                                               |  | 132,922  |                                                                       | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Net cash provided by financing activity                |  |                                      | –       |   |                                                                               |  | 132,922  |                                                                       | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Cash flows from investing activity:                    |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Purchase of property, plant and equipment              |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Net cash used in investing activity                    |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Net increase / (decrease) in cash and cash equivalents |  |                                      | 7,794   |   |                                                                               |  | (104     | )                                                                     | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Cash and cash equivalents at beginning of the year     |  |                                      | 39      |   |                                                                               |  | 143      |                                                                       | 
|Cash and cash equivalents at end of the year           |  |                                      | 7,833   |   |                                                                               |  | 39       |                                                                       | 
|                                                       |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Supplementary disclosures of cash flow information:    |  |                                      |         |   |                                                                               |  |          |                                                                       | 
|Interest paid                                          |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 
|Income taxes paid                                      |  |                                      | –       |   |                                                                               |  | –        |                                                                       | 



See accompanying notes to financial statements







F-6





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 1. | Organization and nature of operations
| | -- | -------------------------------------



Domain Extremes Inc. (“the
Company”), a development stage company, was organized under the laws of the State of Nevada on January 23, 2006. The Company
is in the development stage as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification
(“ASC”) 915. Among the disclosures required by FASB ASC 915 are that the Company’s financial statements be identified
as those of a development stage company, and that the statements of earnings, retained earnings and stockholders’ equity
and cash flows disclose activity since the date of the Company’s inception. The fiscal year end is December 31.



The Company's
financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets
and the satisfaction of liabilities in the normal course of business. The Company has not generated significant revenue since inception
and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable
future. Since January 23, 2006, the Company has generated revenue of $97,983 and has incurred an accumulated deficit of $663,380.



The Company is currently devoting
its efforts to develop websites on the Internet and through which to generate advertising income.  The Company’s ability
to continue as a going concern is dependent upon its ability to develop additional sources of capital, develop websites, generate
advertising income, and ultimately, achieve profitable operations. The accompanying financial statements do not include any adjustments
that might result from the outcome of these uncertainties.



| | 2. | Summary of principal accounting policies
| | -- | ----------------------------------------



Basis of presentation



The
accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles
in the United States of America.



Use of estimates



The preparation of the 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 disclosures of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those
estimates.



Cash and cash equivalents



The Company considers all short-term
highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or
less to be cash equivalents.







F-7





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (Continued)
| | -- | ----------------------------------------------------



Impairment of long-lived assets



The Company accounts for the impairment
of long-lived assets, such as plant and equipment, leasehold land and intangible assets, under the provisions of FASB Accounting
Standard Codification Topic 360 (“ASC 360”) “Property, Plant and Equipment – Overall” (formerly known
as SFAS No. 144, “Accounting for the Impairment of Long-Lived Assets” (“SFAS 144”)). ASC 360 establishes
the accounting for impairment of long-lived tangible and intangible assets other than goodwill and for the disposal of a business. Pursuant
to ASC 360, the Company periodically evaluates, at least annually, whether facts or circumstances indicate that the carrying value
of its depreciable assets to be held and used may not be recoverable. If such circumstances are determined to exist,
an estimate of undiscounted future cash flows produced by the long-lived asset, or the appropriate grouping of assets, is compared
to the carrying value to determine whether impairment exists. In the event that the carrying amount of long-lived assets exceeds
the undiscounted future cash flows, then the carrying amount of such assets is adjusted to their fair value. The Company reports
an impairment cost as a charge to operations at the time it is recognized.



Income taxes



The Company utilizes FASB Accounting
Standard Codification Topic 740 (“ASC 740”) “Income taxes” (formerly known as SFAS No. 109, "Accounting
for Income Taxes"), which requires the 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 income taxes are recognized
for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting
amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences
are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the
amount expected to be realized.



ASC 740 “Income taxes”
(formerly known as Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of Statement of Financial
Accounting Standards No. 109 (“FIN 48”)) clarifies the accounting for uncertainty in tax positions. This interpretation
requires that an entity recognizes in the financial statements the impact of a tax position, if that position is more likely than
not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured
at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in
the period in which the change in judgement occurs. The Company has elected to classify interest and penalties related to unrecognized
tax benefits, if and when required, as part of income tax expense in the statements of operations. The adoption of ASC 740 did
not have a significant effect on the financial statements.







F-8





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (Continued)
| | -- | ----------------------------------------------------



Comprehensive income



The Company has adopted FASB Accounting
Standard Codification Topic 220 (“ASC 220”) “Comprehensive income” (formerly known as SFAS No. 130, “Reporting
Comprehensive Income”), which establishes standards for reporting and display of comprehensive income, its components and
accumulated balances. Accumulated other comprehensive income represents the accumulated balance of foreign currency translation
adjustments of the Company.



Stock-based compensation



The Company has adopted FASB Accounting
Standard Codification Topic 718 (“ASC 718”), ”Stock Compensation” (formerly known as SFAS 123(R), Share-Based
Payment), which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees
and directors including stock option grants based on estimated fair values. ASC 718 requires companies to estimate the fair value
of share-based payment awards on the date of grant using an option-pricing model. The value of the award’s portion that is
ultimately expected to vest is recognized as expense over the requisite service periods. Prior to the adoption of ASC 718, we accounted
for share-based awards to employees and directors using the intrinsic value method. Under the intrinsic value method, share-based
compensation expense was only recognized by us if the exercise price of the stock option was less than the fair market value of
the underlying stock at the date of grant.



The Company accounts for stock-based
compensation to non-employees and consultants in accordance with the provisions of ASC 505-50 “Equity –Based Payments
to Non-employees”. Measurement of share-based payment transactions with non-employees shall be based on the fair value of
whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value
of the share-based payment transactions should be determined at the earlier of performance commitment date or performance completion
date.



Issuance of shares for service



The Company accounts for the issuance
of equity instruments to acquire goods and services based on the fair value of the goods and services or the fair value of the
equity instrument at the time of issuance, whichever is more reliably measurable.







F-9





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (continued)
| | -- | ----------------------------------------------------



Foreign currencies translation



The functional currency of the Company
is Hong Kong dollars (“HK$”). The Company maintains its financial statements in the functional currency. 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. Transactions denominated in currencies other than the functional currency are
translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses
arising from foreign currency transactions are included in the determination of net income for the respective periods.



For financial reporting purposes,
the financial statements of the Group which are prepared using the functional currency have been translated into United States
dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated
at the average exchange rates and stockholders’ equity is translated at historical exchange rates. Any translation adjustments
resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income,
a component of stockholders’ equity.



Fair value of financial instruments



The carrying values of the Company’s
financial instruments, including cash and cash equivalents, trade and other receivables, deposits, trade and other payables approximate
their fair values due to the short-term maturity of such instruments. The carrying amounts of borrowings approximate their fair
values because the applicable interest rates approximate current market rates.



Earnings per share



Basic earnings per share is based
on the weighted average number of common shares outstanding during the period while the effects of potential common shares outstanding
during the period are included in diluted earnings per share.  The average market price during the year is used to compute
equivalent shares.



FASB Accounting Standard Codification
Topic 260 (“ASC 260”), “Earnings Per Share,” requires that employee equity share options, non-vested shares
and similar equity instruments granted to employees be treated as potential common shares in computing diluted earnings per share.
Diluted earnings per share should be based on the actual number of options or shares granted and not yet forfeited, unless doing
so would be anti-dilutive. The Company uses the “treasury stock” method for equity instruments granted in share-based
payment transactions provided in ASC 260 to determine diluted earnings per share.







F-10





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (continued)
| | -- | ----------------------------------------------------



Website Development
Costs



The Company recognized the costs associated
with developing a website in accordance with ASC 350-50 “Website Development Cost” that codified the American Institute
of Certified Public Accountants (“AICPA”) Statement of Position (“SOP”) NO. 98-1, “Accounting for
the Costs of Computer Software Developed or Obtained for Internal Use”. Relating to website development costs the Company
follows the guidance pursuant to the Emerging Issues Task Force (EITF) NO. 00-2, “Accounting for Website Development Costs”.
The website development costs are divided into three stages, planning, development and production. The development stage can further
be classified as application and infrastructure development, graphics development and content development. In short, website development
cost for internal use should be capitalized except content input and data conversion costs in content development stage.



Costs associated with the website
consist primarily of website development costs paid to third party and directors. These capitalized costs will be amortized based
on their estimated useful life over three years upon the website becoming operational. Internal costs related to the development
of website content will be charged to operations as incurred. Web-site development costs related to the customers are charged to
cost of sales.



Revenue recognition



The Company recognized revenues from
advertising insertion revenue in the period in which the advertisement is displayed, provided that evidence of an arrangement exists,
the fees are fixed or determinable and collection of the resulting receivable is reasonably assured. If fixed-fee advertising is
displayed over a term greater than one month, revenues are recognized ratably over the period as described below. The majority
of insertion orders have terms that begin and end in a quarterly reporting period. In the cases where at the end of a quarterly
reporting period the term of an insertion order is not complete, the Company recognizes revenue for the period by pro-rating the
total arrangement fee to revenue and deferred revenue based on a measure of proportionate performance of its obligation under the
insertion order. The Company measures proportionate performance by the number of placements delivered and undelivered as of the
reporting date.







F-11





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (continued)
| | -- | ----------------------------------------------------



Recently issued accounting pronouncements



On January 5, 2016, the FASB issued
ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities, which
amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires
all equity investments to be measured at fair value, with changes in the fair value recognized through net income (other than those
accounted for under equity method of accounting or those that result in consolidation of the investee). This standard will
be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Group
does not expect this standard to have a material impact on its consolidated financial statements.



On February 25, 2016, the FASB issued
ASU No. 2016-02 (“ASU 2016-02”), Leases. ASU 2016-02 specifies the accounting for leases. For operating leases, ASU
2016-02 requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the
lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that
the cost of the lease is allocated over the lease term, on a generally straight-line basis. In addition, this standard requires
both lessees and lessors to disclose certain key information about lease transactions. ASU 2016-02 is effective for public companies
for annual reporting periods, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted.
The Group does not expect this standard to have a material impact on its consolidated financial statements.



On March 30, 2016, the FASB issued
ASU 2016-09 (“ASU 2016-09”), Compensation – Stock Compensation: Improvements to Employee Share-Based Payment
Accounting, which relates to the accounting for employee share-based payments. This standard addresses several aspects of the accounting
for share-based payment award transactions, including: (a) income tax consequences; (b) classification of awards as either equity
or liabilities; and (c) classification on the statement of cash flows; (d) accounting for forfeitures of share-based payments.
This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal
years. The Group does not expect this standard to have a material impact on its consolidated financial statements.



In June 2016, the FASB issued Accounting
Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to
measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions,
and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement
of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods
within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal
years, and interim periods within those fiscal years, beginning after December 15, 2018. The Group does not expect this standard
to have a material impact on its consolidated financial statements.







F-12





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 2. | Summary of principal accounting policies (continued)
| | -- | ----------------------------------------------------



Recently issued accounting pronouncement
(Continued)



In August 2016, the FASB issued
Accounting Standards Update (“ASU”) 2016-15, Statement of Cash Flows – Classification of Certain Cash Receipts
and Cash Payments, which clarifies the presentation and classification of certain cash receipts and cash payments in the statement
of cash flows. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, and
interim periods within those fiscal years. Early adoption is permitted. The Group does not expect this standard to have a material
impact on its consolidated financial statements.



In November 2016, the FASB issued
Accounting Standards Update (“ASU”) No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The
guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and
amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted
cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period
and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after
December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim
period. The standard should be applied using a retrospective transition method to each period presented. The Group does not expect
this standard to have a material impact on its consolidated financial statements.



In January 2017, the FASB issued
Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition
of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating
whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for
fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted.
The standard should be applied prospectively on or after the effective date. The Group does not expect this standard to have a
material impact on its consolidated financial statements.



In January 2017, the FASB issued
Accounting Standards Update (“ASU”) 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance
removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment
will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount
of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning
after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing
dates after January 1, 2017. The Group does not expect this standard to have a material impact on its consolidated financial
statements.







F-13





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)







| | 3. | Going Concern
| | -- | -------------



The Company’s financial statements
have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company incurred a net loss of $79,929 (from operations) for the year
ended December 31, 2016 and an accumulated deficit of $663,380. It also sustained operating losses in prior years as well. These
factors raise substantial doubt as to its ability to remain a going concern and obtain debt and/or equity financing and achieve
profitable operations.



The Company intends to raise additional
operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors.
Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern.



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





| | 4. | Other income
| | -- | ------------



|                     |  | For the year ended December 31, 2016 |        |  | For the year ended December 31, 2015 |  |   | For the period January 23, 2006 (inception) through December 31, 2016 | 
|-------------------- |  | ------------------------------------ | ------ |  | ------------------------------------ |  | - | --------------------------------------------------------------------- | 
|                     |  | $                                    |        |  | $                                    |  |   | $                                                                     | 
|Bank interest income |  |                                      | –      |  |                                      |  | – |                                                                       | 
|Gain on exchange     |  |                                      | –      |  |                                      |  | – |                                                                       | 
|Sundry income        |  |                                      | 11,077 |  |                                      |  | – |                                                                       | 
|                     |  |                                      |        |  |                                      |  |   |                                                                       | 
|Total                |  |                                      | 11,077 |  |                                      |  | – |                                                                       | 







| | 5. | Income taxes
| | -- | ------------



The Company is incorporated in the
United States, and is subject to United States federal and state income taxes. The Company did not generate taxable income in the
United States for the years ended December 31, 2016 and 2015.



The Company’s operations
are carried out in Hong Kong, the PRC, and is subject to Hong Kong profit tax at 16.5% in 2016 (2015: 16.5%). No provision for
Hong Kong income or profit tax has been made as the Company has no assessable profit for the period. The cumulative tax losses
will represent a deferred tax asset. The Company will provide a valuation allowance in full amount of the deferred tax asset since
there is no assurance of future taxable income.







F-14







DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)







| | 5. | Income taxes (Continued)
| | -- | ------------------------



The cumulative net operating loss
carry forward is approximately $663,380 and $583,451 as at December 31, 2016 and 2015 respectively, and will expire beginning in
the year 2026. Annual use of the net operating loss may be limited by Internal Revenue Code section 382 due to an ownership change.



The cumulative tax effect at the expected rate of 34%
of significant items comprising our net deferred tax amount is as follows:



|                                                                |  | Year ended December 31, |         
|--------------------------------------------------------------- |  | ----------------------- | --------
|                                                                |  | 2016                    |         
|                                                                |  | $                       |         
|                                                                |  |                         |         
|Deferred tax asset attributable to Net operating loss carryover |  |                         | 225,549 
|                                                                |  |                         |         
|Valuation allowance                                             |  |                         | (225,549
|                                                                |  |                         |         
|Net deferred tax assets                                         |  |                         | –       



| | 6. | Shareholders’ equity
| | -- | --------------------



Capitalization



The Company has the authority to
issue 200,000,000 shares of common stock, $0.001 par value. The total number of shares of the Company’s common stock outstanding
as of December 31, 2016 and 2015 are 179,522,531 and 179,522,531 respectively.



Equity transactions



Following is the equity
transactions during the year ended December 31, 2015.



On November 16, 2015, we issued
34,979,700 shares of our common stock to Francis Bok, Stephen Tang and Angel Lai valued at US$132,923 in lieu of cash compensation
for director and secretary service from October 1, 2012 to September 30, 2015.



There is no changes in
equity transactions during the year ended December 31, 2016.







F-15





DOMAIN EXTREMES INC.

(A DEVELOPMENT STAGE COMPANY)



NOTES TO FINANCIAL STATEMENTS

(Stated in US Dollars)





| | 7. | Accrued expenses and other payables
| | -- | -----------------------------------



Accrued expenses and other payables
as of December 31, 2016 and 2015 are summarized as follows:



|                  |  | Year ended December 31, |       
|----------------- |  | ----------------------- | ------
|                  |  | 2016                    |       
|                  |  | $                       |       
|                  |  |                         |       
|Accrued audit fee |  |                         | 2,308 
|Other payables    |  |                         | 29,152
|                  |  |                         |       
|Total             |  |                         | 31,460





| | 8. | Advance from related parties
| | -- | ----------------------------



The amounts due to related parties
as of December 31, 2016 and 2015 represent advanced payment due to the Company’s directors and shareholder. The amounts due
to directors and shareholder are interest free without collateral and maturity date, and repayable upon demand.





| | 9. | Commitments and contingencies
| | -- | -----------------------------



There has been no legal proceedings
in which the Company is a party during the years ended December 31, 2016 and 2015.



| | 10. | Current vulnerability due to certain concentrations
| | --- | ---------------------------------------------------



The Company's operations are carried
out in Hong Kong, Special Administration Region of the PRC. Accordingly, the Company's business, financial condition and results
of operations may be influenced by the political, economic and legal environments in Hong Kong, and by the general state of the
PRC's economy. The Company's business may be influenced by changes in governmental policies with respect to laws and regulations,
anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.



| | 11. | Subsequent Events
| | --- | -----------------



There were no events or transactions
other than those disclosed in this report, if any, that would require recognition or disclosure in our Financial Statements for
the year ended December 31, 2016.







F-16







SIGNATURES



Pursuant to the requirements of the 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 on the 31st day of March, 2017.



|                     | DOMAIN EXTREMES INC.     
|-------------------- | -------------------------
|                     |                          
|                     |                          
|                     |                          
|Date: March 31, 2017 | By: /s/ Lim Kock Chiang  
|                     | Lim Kock Chiang          
|                     | Chairman and Director    
|                     | (Chief Executive Officer)



In accordance with the Securities Exchange Act
of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the
dates indicated.



|Name                                            | Title                                       | Date          
|----------------------------------------------- | ------------------------------------------- | --------------
|                                                |                                             |               
|/s/ Lim Kock Chiang
        Lim Kock Chiang     | Chairman; Director(Chief Executive Officer) | March 31, 2017
|                                                |                                             |               
|/s/ Mustapha Bin Taib
        Mustapha Bin Taib | Director
        (Chief Marketing Officer)  | March 31, 2017
|                                                |                                             |               
|/s/ Phang Fuk Tjhan
        Phang Fuk Tjhan     | Director                                    | March 31, 2017
|                                                |                                             |               
|/s/ Dadeng Hidayat
        Dadeng Hidayat       | Associated Director                         | March 31, 2017

















INDEX TO EXHIBITS





|Exhibit No. | Description                                                                                                                           
|----------- | --------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                       
|3.1         | Articles of Incorporation, as amended as of May 4, 2009*                                                                              
|3.2         | By-laws, as currently in effect*                                                                                                      
|10.1        | Financial Consulting Services Agreement, dated as of January 1, 2007, by and among Mega Pacific Capital Inc. and Domain Extremes Inc.*
|10.2        | Project Agreement, dated January 11, 2008, between Domain Extremes Inc. and Guangzhou Sunnasia Digital Technology Co. Ltd.*           
|10.3        | Service Agreement, dated February 17, 2016, between Domain Extremes Inc. and Fintel (USA) Ltd.                                        
|14.1        | Code of Business Conduct and Ethics*                                                                                                  
|31.1        | Certification of Chairman                                                                                                             
|31.2        | Certification of Chief Marketing Officer                                                                                              
|32.1        | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002                    
|32.2        | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002                    
|101.INS**   | XBRL Instance Document                                                                                                                
|101.SCH**   | XBRL Taxonomy Extension Schema Document                                                                                               
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|101.CAL**   | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                 
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|101.DEF**   | XBRL Taxonomy Extension Definition Linkbase Document                                                                                  
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|101.LAB**   | XBRL Taxonomy Extension Label Linkbase Document                                                                                       
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|101.PRE**   | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                



*Incorporated by reference to the
Registrant’s Registration Statement on Form 10, dated August 3, 2009, SEC File No. 000-53749.



|** | To be filed by amendment.
|-- | -------------------------