| Nevada                                       | 5190                                              | 46-554081                                  |
|----------------------------------------------|---------------------------------------------------|--------------------------------------------|
| (State or otherjurisdiction of Organization) | (Primary Standard Industrial Classification Code) | (NumberIRS Employer Identification Number) |

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

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

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| · | 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; and |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Being found by a court of competent jurisdiction (in a civil action), the 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. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Report of Independent Registered Public Accounting Firm |                                                                                   F1 |
|---------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Balance Sheets                                          |                                                                                   F2 |
| Statements of Operations                                |                                                                                   F3 |
| Statements of Cash Flows                                |                                                                                   F4 |
| Statements of Stockholders' Equity/(Deficit)            |                                                                                   F5 |
| Notes to Financial Statements                           |                                                                                   F6 |

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| BEMAX INC.                                                                                  |   |         |      |   |         |   |
|---------------------------------------------------------------------------------------------|--------|--------------|-----------|--------|--------------|--------|
| Balance Sheets                                                                              |   |         |      |   |         |   |
| (Stated in U.S.Dollars)                                                                     |   |         |      |   |         |   |
|                                                                                        |   |         |      |   |         |   |
|                                                                                        |   |         |      |   |         |   |
|                                                                                        |   |         |      |   |         |   |
|                                                                                        |   | Year Ended   |      |   | Year Ended   |   |
|                                                                                        |   | May 31, 2016 |      |   | May 31, 2015 |   |
|                                                                                        |   |         |      |   |         |   |
|                                                                                        |   |         |      |   |         |   |
| ASSETS                                                                                      |   |         |      |   |         |   |
|                                                                                        |   |         |      |   |         |   |
| Current Assets                                                                              |   |         |      |   |         |   |
|  Cash and cash equivalents                                                             |   | $            | 115,738   |   |         | $      | 58,137 |   |
|  Accounts receivable                                                                   |   |         | 372,622   |   |         |   | 407,722 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  Total current assets                                                                  |   |         | 488,360   |   |         |   | 465,859 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  Fixed Assets                                                                          |   |         |      |   |         |   |   |   |
|  Furniture and Equipment                                                               |   |         | 500       |   |         |   | 500 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  Total fixed assets                                                                    |   |         | 500       |   |         |   | 500 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|   TOTAL ASSETS                                                                    |   | $            | 488,860   |   |         | $      | 466,360 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  LIABILITIES & STOCKHOLDERS' EQUITY                                                |   |         |      |   |         |   |   |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  CURRENT LIABILITIES                                                                   |   |         |      |   |         |   |   |   |
|        Deferred revenue                                  |   |         | 507,722   |   |         |   | 507,722 |   |
|         Convertible Loans                           |   |         | 207,750   |   |         |   | - |   |
|          Accrued interest on convertible loans |   |         | 1,845     |   |         |   | - |   |
|         Loan from shareholder and related party     |   |         | 38,236    |   |         |   | 17,336 |   |
|        Accounts payable                                  |   |         | 319,795   |   |         |   | 364,622 |   |
|   Total current liabilities                                                       |   |         | 1,075,348 |   |         |   | 889,680 |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  STOCKHOLDERS' EQUITY                                                                  |   |         |      |   |         |   |   |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|  Common stock, ($0.0001 par value, 500,000,000 shares                                  |   |         |      |   |         |   |   |   |
|  authorized; 258,792,500 shares issued and outstanding at                              |   |         |      |   |         |   |   |   |
|  May 31, 2016 and 5,175,000 at May 31, 2015 respectively                               |   |         | 25,879    |   |         |   | 518 |   |
|  Additional paid-in capital                                                            |   |         | 36,876    |   |         |   | 62,232 |   |
|  Deficit accumulated during development stage                                          |   |         | (649,241  | )      |         |   | (486,070 | ) |
| TOTAL STOCKHOLDERS' EQUITY                                                                  |   |         | (586,487  | )      |         |   | (423,320 | ) |
|                                                                                        |   |         |      |   |         |   |   |   |
|                                                                                        |   |         |      |   |         |   |   |   |
|                                                                                        |   |         |      |   |         |   |   |   |
| TOTAL LIABILITITES AND STOCKHOLDERS' EQUITY                                                 |   | $            | 488,861   |   |         |   | 466,360 |   |

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|   Statements of Operations(Stated in U.S.Dollars)      |   |
|------------------------------------------------------------------|--------|
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   | Year Ended |   |   | Year Ended |   |
|                                                             |   | May 31, 2016 |   |   | May 31, 2015 |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
| REVENUES                                                         |   |   |   |   |   |   |
|        Revenues               |   |   | 538,738 |   |   |   | - |   |
|                                                             |   |   |   |   |   |   |   |   |
| TOTAL REVENUES                                                   |   | $ | 538,738 |   |   | $ | - |   |
|                                                             |   |   |   |   |   |   |   |   |
| Cost of good sold                                                |   |   |   |   |   |   |   |   |
|        Purchases-resale items |   |   | 629,440 |   |   |   | (456,950 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| TOTAL COGS                                                       |   | $ | 629,440 |   |   | $ | (456,950 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Gross profit                                                     |   |   | (90,702 | ) |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| Operating costs                                                  |   |   | 65,967 |   |   |   | 15,266 |   |
|                                                             |   |   |   |   |   |   |   |   |
| General and administrative expenses                              |   |   | 6,502 |   |   |   | 4,864 |   |
|                                                             |   |   |   |   |   |   |   |   |
| TOTAL OPERATING COSTS                                            |   | $ | 72,469 |   |   | $ | 20,130 |   |
|                                                             |   |   |   |   |   |   |   |   |
| NET ORDINARY INCOME (LOSS)                                       |   | $ | (163,171 | ) |   | $ | (477,081 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| BASIC AND DILUTED EARNINGS (LOSS)                                |   |   |   |   |   |   |   |   |
| PER SHARE                                                        |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF                                       |   |   |   |   |   |   |   |   |
| COMMON SHARES OUTSTANDING                                        |   |   | 258,792,500 |   |   |   | 5.175,000 |   |

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| BEMAX INC.                                                   |   |
|---------------------------------------------------------------------------------------|--------|
| Statements of Cash Flows                                                              |   |   |   |   |   |   |
| (Stated in U.S.Dollars)                                                               |   |
|                                                                                  |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |
|                                                                                  |   | Year Ended |   |   | Year Ended |   |
|                                                                                  |   | May 31, 2016 |   |   | May 31, 2015 |   |
|                                                                                  |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                  |   |   |   |   |   |   |
|     Net income (loss)                                             |   | $ | (163,171 | ) |   | $ | (483,569 | ) |
|     Adjustments to reconcile net loss to net cash                 |   |   |   |   |   |   |   |   |
|        provided by (used in) operating activities: |   |   |   |   |   |   |   |   |
|        Loan from shareholder and related party     |   |   | 20,900 |   |   |   | 14,834 |   |
|        Accounts payable                            |   |   | (44,828 | ) |   |   | 364,622 |   |
|        Accounts receivable                         |   |   | 35,100 |   |   |   | (407,722 | ) |
|        Accrued intereston convertible loans        |   |   | 1,845 |   |   |   | - |   |
|        Deferred revenue                            |   |   | - |   |   |   | 507,722 |   |
|    Changes in operating assets and liabilities:                        |   |   | (150,154 | ) |   |   | 93,476 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                                   |   |  (150,154 | )  |   |   | 93,476 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                  |   |   |   |   |   |   |   |   |
|        Furniture and equipment                     |   |   | - |   |   |   | (500 | ) |
| Net cash provided by investing activities                                             |   |   | - |   |   |   | (500 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                  |   |   |   |   |   |   |   |   |
|      Issuance of common stock                                |   |   | 4 |   |   |   | 58,750 |   |
|      Loans from convertible promissory notes                 |   |   | 207,750 |   |   |   | - |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                             |   |   | 207,754 |   |   |   | 58,750 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| NET INCREASE  IN CASH                                                            |   |   | 57,601 |   |   |   | 54,137 |   |
| CASH AT BEGINNING OF PERIOD                                                           |   |   | 58,137 |   |   |   | 4,000 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| CASH AT END OF PERIOD                                                                 |   | $ | 115,738 |   |   | $ | 58,137 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                                     |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Cash paid during year for :                                                           |   |   |   |   |   |   |   |   |
|      Interest                                                |   | $ | - |   |   | $ | - |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|      Income Taxes                                            |   | $ | - |   |   | $ | - |   |

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|                                  |   |   |        |   |   |   |   |            |   |   | Deficit           |   |   |   |     |
|---------------------------------------|--------|--------|-------------|--------|--------|--------|--------|-----------------|--------|--------|-------------------|--------|--------|--------|----------|
|                                  |   |   |        |   | Common |   |   |            |   |   | Accumulated       |   |   |   |     |
|                                  |   | Common |        |   | Stock  |   |   | Additional      |   |   | During            |   |   |   |     |
|                                  |   | Stock  |        |   | Amount |   |   | Paid-in Capital |   |   | Development Stage |   |   | Total  |     |
|                                  |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |
| Stock issued for cash at May 31, 2013 |   |   | -           |   |   | $      | -      |            |   | $      | -                 |   |   | $      | -        |   |   | $ | - |   |
| Net loss May 31, 2013                 |   |   |        |   |   |   |   |            |   |   |              |   |   |   | (502     | ) |   |   | (502 | ) |
| Balance May 31, 2013                  |   |   | -           |   |   |   | -      |            |   |   | -                 |   |   |   | (502     | ) |   |   | (502 | ) |
| Common stock issued for cash on May   |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |   |   |   |
| 16, 2014.4,000,000 shares at a par    |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |   |   |   |
| value of $0.0001 per share            |   |   | 200,000,000 |   |   |   | 20,000 |            |   |   | 62,232            |   |   |   | -        |   |   |   | 82,232 |   |
| Net loss May 31, 2014                 |   |   |        |   |   |   |   |            |   |   |              |   |   |   | (2,000   | ) |   |   | (2,000 | ) |
| Balance May 31, 2014                  |   |   | 200,000,000 |   |   | $      | 20,000 |            |   | $      | 62,233            |   |   | $      | (2,502   | ) |   | $ | 79,730 |   |
| Common stock issued for cash between  |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |
| between October 14 and 24, 2014 at    |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |   |   |   |
| $0.05 per share                       |   |   | 58,750,000  |   |   |   | 5,875  |            |   |   | (25,357           | )      |   |   |     |   |   |   | (19,482 | ) |
| Net loss May 31, 2015                 |   |   |        |   |   |   |   |            |   |   |              |   |   |   | (483,568 | ) |   |   | (483,568 | ) |
| Balance May 31, 2015                  |   |   | 258,750,000 |   |   | $      | 25,875 |            |   | $      | 36,876            |   |   | $      | (486,070 | ) |   | $ | (423,320 | ) |
| On February 24, 2016, Common stock    |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |   |   |   |
| was issued for services rendered at   |   |   |        |   |   |   |   |            |   |   |              |   |   |   |     |   |   |   |   |   |
| par value of $0.0001 per share        |   |   | 42,500      |   |   |   | 4      |            |   |   | -                 |   |   |   | -        |   |   |   | 4.00 |   |
| Net loss May 31, 2016                 |   |   |        |   |   |   |   |            |   |   |              |   |   |   | (163,171 | ) |   |   | (163,171 | ) |
| Balance May 31, 2016                  |   |   | 258,792,500 |   |   |   | 25,879 |            |   |   | 36,876            |   |   |   | (649,241 | ) |   |   | (586,487 | ) |

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| The Company reviews long-lived assets for indicators of impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If the review indicates that the carrying amount of the asset may not be recoverable, the potential impairment is measured based on a projected discounted cash flow method using a discount rate that is considered to be commensurate with the risk inherent in the Company's current business model. For purposes of recognition and measurement of an impairment loss, a long-lived asset is grouped with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  7. INCOME TAXES |
|-----------------------|

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|                                           |  | May 31, 2016 |          |   | May 31, 2015 |  |
|-------------------------------------------|--|--------------|----------|---|--------------|--|
|                                           |  |              |          |   |              |  |
| Federal income tax benefit attributed to: |  |              |          |   |              |  |
| Net operating loss                        |  |              | 649,241  |   |              |  | 486,070 |  |
| Valuation allowance                       |  |              | (649,251 | ) |              |  | (486,070 | ) |
| Net benefit                               |  |              | -        |   |              |  | - |  |

| The cumulative tax effect at the expected rate of 34% of significant |  | May 31, 2016 |          |   | May 31, 2015 |  |
|----------------------------------------------------------------------|--|--------------|----------|---|--------------|--|
| items comprising our net deferred tax amount is as follows:          |  |              |          |   |              |  |
| Deferred tax attributed:                                             |  |              |          |   |              |  |
| Net operating loss carryover                                         |  |              | 220,742  |   |              |  | 165,264 |  |
| Less change in valuation allowance                                   |  |              | (220,742 | ) |              |  | (165,264 | ) |
| Net deferred tax asset                                               |  |              | -        |   |              |  |  |  |

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| Name           | Title | Year | Salary | Bonus | Stock awards | Option awards | Non-Equity incentive plan compensation | Non-qualified deferred compensation | All other compensation | Total |
|----------------|-------|------|--------|-------|--------------|---------------|----------------------------------------|-------------------------------------|------------------------|-------|
| Taiwo Aimasiko | CEO   | 2015 | 0      | 0     | 0            | 0             | 0                                      | 0                                   | 0                      | 0     |

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| SHAREHOLDERS                                               | # OF SHARES |  |             | PERCENTAGE |
|------------------------------------------------------------|-------------|--|-------------|------------|
| Taiwo Aimasiko                                             |             |  | 200,000,000 |            |  |  | 77.29 | % |
| All directors and executive officers as a group [1 person] |             |  | 200,000,000 |            |  |  | 77.29 | % |

|               |   | YEAR END     |   |
|--------------------|--------|--------------|--------|
|               |   | May 31, 2016 |   |   | May 31, 2015 |   |
| Audit Fees         |   | $            | 4,000  |   |   | $ | 3,000 |   |
| Audit Related Fees |   | $            | 9,900  |   |   | $ | 6,000 |   |
| Tax Fees           |   |         | -      |   |   |   | - |   |
| All Other Fees     |   |         | -      |   |   |   | - |   |
| Total              |   | $            | 13,900 |   |   | $ | 9,000 |   |

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