UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K



|☒ | Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934    
|- | ----------------------------------------------------------------------------------------
|  |                                                                                         
|  | For the
fiscal year ended December 31, 2017                                             
|  |                                                                                         
|☐ | 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 000-50760



IGS
CAPITAL GROUP LIMITED

(Exact Name of Registrant as Specified in
Its Charter)



|State of Nevada, USA
        (State or Other Jurisdiction of Incorporation
        or Organization)                                                       | 58-2670972
        (I.R.S. Employer Identification No.)
|--------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------
|                                                                                                                                                          |                                                        
|E-702, Block E, Pusat Dagangan Phileo
        Damansara 1
        No. 9, Jalan 16/11, Off Jalan Damansara
        46350 Petaling Jaya, Selangor, Malaysia | 46350                                                  
|(Address of Principal Executive Offices)                                                                                                                  | (Zip Code)                                             



+ 603-77726616

(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 Form10-K	□ Yes     ☒  No



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, a smaller reporting company, or emerging growth company



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





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



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



The aggregate market value of voting stock
held by non-affiliates of the registrant as of June 30, 2017 was approximately $3,003,181 (based upon a closing price of $2.39
per share, as reported on OTC Markets). As of December 31, 2017, there were 3,583,175 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                                                                                      |    | 8   
|           | Item 7  |  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        |    | 8   
|           | Item 7A |  | Quantitative and Qualitative Disclosures About Market Risk                                                   |    | 12  
|           | Item 8  |  | Financial Statements and Supplementary Data                                                                  |    | 12  
|           | Item 9  |  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         |    | 12  
|           | Item 9A |  | Controls and Procedures                                                                                      |    | 12  
|           | Item 9B |  | Other Information                                                                                            |    | 13  
|           |         |  |                                                                                                              |    |     
|PART III   |         |  |                                                                                                              |   
|           | Item 10 |  | Directors, Executive Officers and Corporate Governance                                                       |    | 14  
|           | Item 11 |  | Executive Compensation                                                                                       |    | 15  
|           | Item 12 |  | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               |    | 16  
|           | Item 13 |  | Certain Relationships and Related Transactions, and Director Independence                                    |    | 17  
|           | Item 14 |  | Principal Accountant Fees and Services                                                                       |    | 17  
|           |         |  |                                                                                                              |    |     
|PART IV    |         |  |                                                                                                              |   
|           | Item 15 |  | Exhibits, Financial Statement Schedules                                                                      |    | 18  
|           | Item 16 |  | Form 10-K Summary                                                                                            |    | 18  
|           |         |  |                                                                                                              |    |     
|SIGNATURES |         |  |                                                                                                              |   
|           |         |  |                                                                                                              |    | 19  
|EXHIBITS   |         |  |                                                                                                              | 20











i






Forward Looking Statements



CAUTIONARY NOTE ABOUT FORWARD-LOOKING
STATEMENTS



The information contained in this Report
includes some statements that are not purely historical and that are “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. These forward-looking
statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities
in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts
or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
You can generally identify forward-looking statements as statements containing the words “anticipates,” “believes,”
“continue,” “could,” “estimates,” “expects,” “intends,” “may,”
“might,” “plans,” “possible,” “potential,” “predicts,” “projects,”
“seeks,” “should,” “will,” “would” and similar expressions, or the negatives of
such terms, but the absence of these words does not mean that a statement is not forward-looking.



Forward-looking statements involve risks
and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking
statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn,
upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of
management’s views and assumptions as of the time the statements are made, but there can be no assurance that management’s
expectations, beliefs or projections will result or be achieved or accomplished. We disclaim any obligation to update forward-looking
statements to reflect events or circumstances after the date hereof.



PART I



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



DESCRIPTION OF BUSINESS AND RECENT HISTORY



General



IGS Capital Group Limited ("IGS", or "the Company",
or "we", or "us"), formerly known as Sancon Resources Recovery, Inc., is registered in the State of Nevada.



Effective May 26, 2006, a business combination
occurred between Sancon Recycling Pty Ltd. (“SRPL”) and MKA Capital Inc. (hereinafter referred to as "MKAC").
The combination was effected by MKAC exchange its seventy-five percent (75%) equity stake in MK Aviation, S.A. (hereinafter referred
to as "MKA") for one hundred percent (100%) equity stake in SRPL held by Mr. Jack Chen, Mr. Yiu Lo Chung, and associated
parties (“the Shareholders”). Meanwhile, the Shareholders exchanged their ownership of seventy-five percent (75%) equity
stake in MK Aviation, S.A. with 14,897,215 shares of the Registrant's common stock from Mr. Kraselnick and associated parties.
Subsequently MKAC was renamed Sancon Resources Recovery, Inc. (herein below referred to as “Sancon”).



As a result of the merger, there was a
change in control of the public entity MKAC. In accordance with SFAS No. 141, SRPL was the acquiring entity. While the transaction
is accounted for using the purchase method of accounting, in substance the Agreement is a recapitalization of Sancon's capital
structure. For accounting purposes, SRPL accounted for the transaction as a reverse acquisition and SRPL is the surviving entity.
SRPL did not recognize goodwill or any intangible assets in connection with the transaction.



Effective with the Agreement, the Shareholders
owned 14,897,215 shares of MKAC voting common stock or 74.28% of the Registrant's 20,030,370 issued and outstanding voting common
stock at the time.



All references to common stock, share and per share amounts
had been retroactively restated to reflect the exchange of 100 shares of SRPL common stock for 14,897,215 shares of the MKAC's
common stock outstanding immediately prior to the merger as if the exchange had taken place as of the beginning of the earliest
period presented.



On April 26, 2017, the Company filed a certificate of amendment
to its articles of incorporation with the Secretary of State of the State of Nevada (the “Amendment”) changing the
Company’s name from “Sancon Resources Recovery, Inc.” to “IGS Capital Group Limited”. The name change
became effective with FINRA on June 8, 2017.











1






On April 26, 2017, the Company filed a
certificate of change with the Secretary of State of Nevada to effectuate a reverse stock split (the “Stock Split”)
of its issued and outstanding shares of common stock on a 1-for-100 basis. The number of its authorized shares of common stock
will remain at 500,000,000 shares, par value $0.001. The Stock Split became effective with FINRA on June 8, 2017 (the “Effective
Date”). As of that date, every 100 shares of issued and outstanding common stock were converted into one share of common
stock.  No fractional shares will be issued in connection with the Stock Split. Instead, any fractional shares will be rounded
up to the next whole share and a holder of record of old common stock on the Effective Date who would otherwise be entitled to
a fraction of a share will, in lieu thereof, be issued one whole share.



On or about June 29, 2017, the Company’s
shares of common stock began trading on the OTCQB Marketplace under the symbol “IGSC” to reflect the Company’s
new name.



On August 22, 2017, the Company purchased
all of the issued and outstanding capital stock of IGS Mart SDN BHD, a Malaysia company (“IGS Mart”). On completion
of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.



On September 19, 2017, Ms. HE Qianying
resigned from the Board of Directors and her respective executive positions of IGS Capital Group Limited as part of the Company’s
management reorganization. The resignation by her did not involve any disagreements with the Company or the management of the Company.



The accompanying consolidated financial
statements present the historical financial condition, results of operations and cash flows of the Company as of December 31, 2017.



Overview of the Company and its Operations



The Company is a controlled corporation
with the substantial majority of our shares held by Pontoon Boat Inc. (“Pontoon”), a company registered in the Republic
of Vanuatu. Pontoon acquired a 51% common shares of the Company in July 2016. As a result, there can be no assurance that business
and/or strategy of the Company will not change over time as a result of Pontoon’s acquisition.



IGS Mart is a company incorporated in Malaysia
on June 2, 2017. It currently operates one convenient store named Like Mart at G-3A Tiara Mutiara 139, Jalan Puchong, 58200 Kuala
Lumpur, Malaysia. IGS Mart intends to open an additional 5 convenient stores in Malaysia over the next 15 months. Although there
is no assurance of success, the Company believes that there is a good opportunity for expansion of many more outlets after the
brand is established.



The directors are always on the look-out
for viable business that the Company can acquire in Asia.



Our Strategy



We do not currently engage in any business activity. Our principal
business objective will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term
earnings.



We may consider a business which has recently
commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking
to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties
and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with,
a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares,
while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public
offering.



Any target business that is selected may
be a financially unstable company or an entity in its early stages of development or growth, including entities without established
records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially
unstable and early stage or potential emerging growth companies.



Our management anticipates that it will
likely be able to effect only on business combination, due primarily to our limited financing, and the dilution of interest for
current stockholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a target
business in order to achieve tax free reorganization.



Because of general economic conditions,
rapid technological advances being made in some industries and shortages of available capital, our management believes that there
are numerous firms seeking the perceived benefits of becoming a publicly traded corporation. Potentially available business combinations
may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation
and analysis of such business opportunities extremely difficult and complex.



Evaluation of Business Combinations



Our management intends to concentrate on
prospective business combinations that may be brought to its attention through their own efforts, through persons having pre-existing
business or personal relationships with members of the Company's management and interested persons referred to the Company by persons
having such pre-existing relationships with members of its management or other third parties.









2






While we have not established definitive criteria for acquisition
candidates but intend to focus on Asian-based entities. In analyzing prospective business combinations, our management will also
consider such matters as the following:



| | l | Available technical, financial, and managerial resources,
| | - | ---------------------------------------------------------

| | l | Working capital and other financial requirements,
| | - | -------------------------------------------------

| | l | Prospects for the future,
| | - | -------------------------

| | l | Nature of present and expected competition,
| | - | -------------------------------------------

| | l | The potential for further research, development, or exploration,
| | - | ----------------------------------------------------------------

| | l | The potential for growth or expansion, and
| | - | ------------------------------------------

| | l | The potential for profit.
| | - | -------------------------



As a part of our investigation, our officers
and/or directors will meet personally with management and key personnel, visit and inspect material facilities, check references
of management and key personnel, and take other reasonable investigative measures, to the extent of our limited financial resources
and management expertise.



Intellectual Property



None.



Employees



As of December 31, 2017, the Company had 7 employees.



Factors That May Affect Future Results



The Company's ability to execute its business
strategy and to sustain its operations depends upon its ability to maintain or procure capital. There can be no absolute assurance
the necessary amount of capital will continue to be available to the Company on favorable terms, or at all. The Company's inability
to obtain sufficient capital would limit the Company's ability to: (i) acquire new business and (ii) fund its working capital needs.
The Company's access to capital may have a material adverse effect on the Company's business, financial condition and/or results
of operations.



There can be no absolute assurance the
Company will be able to effectively manage its existing or the possible future expansion of its operations, or the Company's systems,
procedures or controls will be adequate to support the Company's operations. Consequently, the Company's business, financial condition
and/or results of operations could be possibly and adversely affected.



As a public company, IGS is subject to
certain regulatory requirements including, but not limited to, compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX404").
Such compliance results in significant additional costs to the Company by increased audit and consulting fees, and the time required
by management to address the regulations.



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



This information is not required of smaller reporting companies.



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



Not applicable.



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



The Company does not own any property as
of December 31, 2017. Our executive offices are located at E-702, Block E, Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11,
Off Jalan Damansara, 46350 Petaling Jaya, Selangor, Malaysia, which is office space that on a rent-free basis from the sole director.



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



None.



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



Not applicable.











3






PART II



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



Market Information



The Company’s stock is assigned the symbol IGSC and is
quoted and traded on the OTCQB Marketplace.



The range of low to high closing prices
on the OTCQB is shown in the table below (rounded to the nearest cent). This information is taken from OTC Markets. Readers should
note OTCQB quotations are a reflection of inter-dealer prices, without retail mark-up, mark-down, or commissions, and may not represent
actual transactions.



|        |  | Fiscal 2017          |      |  | Fiscal 2016         | 
|------- |  | -------------------- | ---- |  | ------------------- | 
|Quarter |  | $ High Closing Price |      |  | $ Low Closing Price | 
|First   |  |                      | 3.13 |  |                     | 
|Second  |  |                      | 3.00 |  |                     | 
|Third   |  |                      | 2.90 |  |                     | 
|Fourth  |  |                      | 2.80 |  |                     | 



Holders of the Company’s Stock



The Company has issued common stock only. On December 31, 2017,
the total number of holders of record as according to our transfer agent was approximately 418.



Dividends



We did not pay any cash dividends on our common stock for fiscal
year ended on December 31, 2017.



Unregistered Sales of Equity Securities



The shares issued without registration in 2016 is shown in the
table below.



|date     |  | type         |  | amount     |  | person           |  | consideration |  | transaction                                                   
|-------- |  | ------------ |  | ---------- |  | ---------------- |  | ------------- |  | --------------------------------------------------------------
|4-Feb-16 |  | Common share |  | 3,000,000  |  | Tang Wai Leong   |  | $6,000        |  | New Subscription of shares                                    
|4-Feb-16 |  | Common share |  | 4,000,000  |  | Wong Yee Tat     |  | $8,000        |  | New Subscription of shares                                    
|4-Feb-16 |  | Common share |  | 3,500,000  |  | Tam Wai Hung     |  | $7,000        |  | New Subscription of shares                                    
|4-Feb-16 |  | Common share |  | 3,500,000  |  | Lam Chi Pan      |  | $7,000        |  | New Subscription of shares                                    
|4-Feb-16 |  | Common share |  | 3,500,000  |  | To Hoi Yi        |  | $7,000        |  | New Subscription of shares                                    
|4-Feb-16 |  | Common share |  | 3,500,000  |  | Wu Wai Fan       |  | $7,000        |  | New Subscription of shares                                    
|4-May-16 |  | Common share |  | 15,771,429 |  | Francis Bok      |  | $55,200       |  | Settlement of director fee from Mar 13, 2014 to Jun 30, 2016  
|4-May-16 |  | Common share |  | 15,771,429 |  | Stephen Tang     |  | $55,200       |  | Settlement of director fee from Mar 13, 2014 to Jun 30, 2016  
|4-May-16 |  | Common share |  | 11,040,000 |  | Angel Lai        |  | $27,600       |  | Settlement of secretary fee from Mar 13, 2014 to Jun 30, 2016 
|4-May-16 |  | Common share |  | 9,288,400  |  | Fintel (USA) Ltd |  | $23,221       |  | Settlement of accounting fee from Dec 22, 2013 to Jun 30, 2016



The shares issued without registration in 2017 is shown in the
table below.





|date     |  | type         |  | amount |  | person                 |  | consideration |  | transaction               
|-------- |  | ------------ |  | ------ |  | ---------------------- |  | ------------- |  | --------------------------
|8-May-17 |  | Common share |  | 20,000 |  | MARCUS BIN APAU        |  | $400.00       |  | New Subscription of shares
|8-May-17 |  | Common share |  | 45,000 |  | MICHAEL DHAS ANBALAGAN |  | $900.00       |  | New Subscription of shares
|8-May-17 |  | Common share |  | 20,000 |  | ANDREW BIN SANDAH      |  | $400.00       |  | New Subscription of shares









4










|8-May-17  |  | Common share |  | 15,000    |  | SALIM BIN AHMAD                     |  | $300.00     |  | New Subscription of shares
|--------- |  | ------------ |  | --------- |  | ----------------------------------- |  | ----------- |  | --------------------------
|8-May-17  |  | Common share |  | 20,000    |  | LIPAH BIN UMPOK                     |  | $400.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 45,000    |  | HAI ZATON BINTI AHMAD               |  | $900.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | HASLIZA BINTI AHMAD                 |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | NOOR SHAM BINTI ABU KASSIM          |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 20,000    |  | NORAINI BINTI MAJID                 |  | $400.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 135,000   |  | NAJMUIN BIN MOHAMAD                 |  | $2,700.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 30,000    |  | NORAZIZAM BIN DAHLAN                |  | $600.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 40,000    |  | RUSTINA SING                        |  | $800.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 135,000   |  | TAN TOH NGUANG                      |  | $2,700.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 30,000    |  | MOHD SABRI BIN ANANG                |  | $600.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 60,000    |  | SITI MUHIDAH BINTI KAMARUDDIN       |  | $1,200.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | MOHAMAD ABDUL WAHAB BIN ABDUL HALIM |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 30,000    |  | JOLAILI BIN MATMIN                  |  | $900.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 10,000    |  | RAMLEE BIN RASMAT                   |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 125,000   |  | MOHAMAD NAZRI BIN HASHIM            |  | $2,500.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 10,000    |  | FARIZ IZADI BIN MAHIZAN             |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 50,000    |  | MOHAMED YUSOFF BIN ABDUL GHANI      |  | $1,500.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 70,000    |  | MOHD FAZLY BIN MOHD NOOR SHAM       |  | $1,400.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 65,000    |  | ANISAH BINTI AMBILAH                |  | $1,300.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 30,000    |  | NAREIN BALAGEE                      |  | $600.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | ADTAR KHAFIZ BIN RAMLAN             |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 628,200   |  | AZMAN BIN SAHAROM                   |  | $12,564.00  |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | SUHANA BINTI ASMAT                  |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 150,000   |  | MIOR ZAMRI BIN MIOR AHMAD           |  | $3,000.00   |  | New Subscription of shares
|8-May-17  |  | Common share |  | 15,000    |  | MOHD MAIZATUL KEFTIAH BIN AHMAD     |  | $300.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 30,000    |  | NORAINI BINTI ABU KASSIM            |  | $600.00     |  | New Subscription of shares
|8-May-17  |  | Common share |  | 20,000    |  | ROZALINDA BINTI MUSTAFFA            |  | $400.00     |  | New Subscription of shares
|22-May-17 |  | Common share |  | 340,000   |  | LOH SIU CHAN                        |  | $6,800.00   |  | New Subscription of shares
|22-May-17 |  | Common share |  | 1,992,541 |  | PONTOON BOAT INC                    |  | $19,925.41  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 1,290,145 |  | PONTOON BOAT INC                    |  | $129,014.50 |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000    |  | KHALID BIN HASHIM                   |  | $1,500.00   |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,000     |  | JULIA BINTI MOSIOL                  |  | $300.00     |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,200     |  | ROHAYA BINTI BAKAR                  |  | $320.00     |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 43,600    |  | SEO MANWON                          |  | $4,360.00   |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000    |  | SIN HYUNMUN                         |  | $1,000.00   |  | New Subscription of shares









5






|29-Jun-17 |  | Common share |  | 10,000  |  | PARK SUNG KYU                    |  | $1,000.00  |  | New Subscription of shares
|--------- |  | ------------ |  | ------- |  | -------------------------------- |  | ---------- |  | --------------------------
|29-Jun-17 |  | Common share |  | 10,000  |  | SHIN SOOKJA                      |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 16,000  |  | LIM MUNSOON                      |  | $1,600.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | KIM HWA SOOK                     |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | KIM HWA AE                       |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000  |  | FATIMAH BINTI MUHAMAD            |  | $1,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 5,000   |  | RUSTINA SING                     |  | $500.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 210,000 |  | TAN TOH NGUANG                   |  | $21,000.00 |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 4,000   |  | JOHN OMPUK                       |  | $400.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 65,140  |  | MOGAN ARWANANTHAN                |  | $6,514.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000  |  | ANBAZAGAN SAMUEL                 |  | $1,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 9,000   |  | PAMELA BINTI BENJAMIN            |  | $900.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000  |  | MD JALAL BIN JAAFAR              |  | $1,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 4,000   |  | JAMAKIYAH BINTI MAJID            |  | $400.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 37,500  |  | WOO DONGHWAN                     |  | $3,750.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 11,700  |  | KIM JUNG HWAN                    |  | $1,170.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 20,000  |  | SONG SANOCK                      |  | $2,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000  |  | MAT HARUN BIN AB MANAF           |  | $1,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 20,000  |  | TAY BOON HUA                     |  | $2,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 20,000  |  | KEE POH SOON                     |  | $2,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 35,000  |  | JEONG JEONGAE                    |  | $3,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 12,000  |  | AZMI BIN HASSIM                  |  | $1,200.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 15,000  |  | AZMAN BIN AMBIR                  |  | $1,500.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 8,000   |  | HASRINAH BINTI MOHD GULLAM       |  | $800.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 30,000  |  | IBRISHAM BIN ZAKARIA             |  | $3,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | BACK YOUNG HEE                   |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 30,700  |  | JEONG SONGGEUN                   |  | $3,070.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | KIM YOUNGSE                      |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,830   |  | SHIN YUNG SEUNG                  |  | $383.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | AMINUDDIN BIN HAJI MUHAMMAD SAID |  | $1,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 30,000  |  | SHIM SHOO FAH                    |  | $3,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 20,000  |  | AMINUDDIN BIN HAJI MUHAMMAD SAID |  | $2,000.00  |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 6,000   |  | KIANCHONG BIN JAILANI            |  | $600.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,000   |  | ASMAH BINTI ATOU                 |  | $300.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 6,000   |  | RITA SARID                       |  | $600.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 6,000   |  | SULAIMAN MADAHIN                 |  | $600.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 4,000   |  | KAMARUZAMAN BIN ISMAIL           |  | $400.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,000   |  | MOHD LASA BIN ABDUL              |  | $300.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,000   |  | MUHAMMAD AZIM BIN BANI AMIN      |  | $300.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 3,000   |  | MOHD RUSHDI BIN YUSOF            |  | $300.00    |  | New Subscription of shares
|29-Jun-17 |  | Common share |  | 10,000  |  | SHIM SHOO FAH                    |  | $1,000.00  |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 3,000   |  | PAVITHIRAN DEVADASAN             |  | $300.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 8,000   |  | RUSTINA SING                     |  | $800.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 6,000   |  | ZAINUDDIN BIN YAACOB             |  | $600.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 15,000  |  | ANBAZAGAN SAMUEL                 |  | $1,500.00  |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 3,000   |  | OTHMAN BIN AHMAN                 |  | $300.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 3,000   |  | ROSLINA BINTI AMALUDDIN          |  | $300.00    |  | New Subscription of shares







6






|10-Jul-17 |  | Common share |  | 6,000  |  | SITI SAUDAH BINTI SYED MUDAN     |  | $600.00    |  | New Subscription of shares
|--------- |  | ------------ |  | ------ |  | -------------------------------- |  | ---------- |  | --------------------------
|10-Jul-17 |  | Common share |  | 3,000  |  | FAZIAH BINTI SELAMAT             |  | $300.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 9,000  |  | CHE SALIM BIN SAID               |  | $900.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 3,000  |  | YA ACUB BIN DOLLAH               |  | $300.00    |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 15,000 |  | SHIM SHOO FAH                    |  | $1,500.00  |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 10,000 |  | SHIM SHOO FAH                    |  | $1,000.00  |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 30,000 |  | AMINUDDIN BIN HAJI MUHAMMAD SAID |  | $3,000.00  |  | New Subscription of shares
|10-Jul-17 |  | Common share |  | 10,000 |  | NG KOK CHONG                     |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 3,585  |  | YOO HAK JONG                     |  | $8,570.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,744  |  | PARK JONGSUL                     |  | $4,170.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 3,544  |  | PARK SOONSEK                     |  | $8,470.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 489    |  | LEE SOON KYO                     |  | $1,170.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | KIM YOUNG SUNG                   |  | $2,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,255  |  | KIM KYUNG WON                    |  | $3,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 418    |  | LIM MUN SEOP                     |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 418    |  | LEE HOON                         |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 4,602  |  | PARK JIHYEON                     |  | $11,000.00 |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 364    |  | LEE GEUM SOON                    |  | $870.00    |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | KIM YOON                         |  | $2,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 2,259  |  | KANG SEONGHUI                    |  | $2,700.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 628    |  | KIM HONG WOO                     |  | $750.00    |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | KIM KEUMHO                       |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 4,978  |  | WOO DONGHWAN                     |  | $5,949.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,243  |  | DOO HO                           |  | $2,970.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 418    |  | PARK YOUNG MAN                   |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 2,038  |  | LEE SEUNGBOK                     |  | $4,870.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,255  |  | LEE YUBEEN                       |  | $3,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 782    |  | KIM OKJU                         |  | $1,870.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,093  |  | CHOI YOUNGCHAE                   |  | $2,613.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 7,280  |  | CHOI HYE KYUNG                   |  | $17,400.00 |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,255  |  | HA KEUM JA                       |  | $3,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | KIM DAE IL                       |  | $2,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | AHN JONG CHUL                    |  | $2,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 418    |  | KANG KYUNG HEE                   |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 8,954  |  | KIM YEON POONG                   |  | $21,400.00 |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 2,196  |  | NAM HYERAN                       |  | $2,624.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,506  |  | LEE NAMYONG                      |  | $1,800.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 3,766  |  | KWON BOKCHOOL                    |  | $4,500.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,506  |  | BAEK HEEJA                       |  | $1,800.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 2,510  |  | SONG MYUNGBOON                   |  | $3,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | KO CHANG BUM                     |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,506  |  | PAK EUNSUN                       |  | $1,800.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 837    |  | CHOI JEOMNIM                     |  | $1,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 1,257  |  | WOO YOUNG HWAN                   |  | $2,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 3,485  |  | SEO YONGMOON                     |  | $7,318.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 2,092  |  | KIM HWOIIL                       |  | $5,000.00  |  | New Subscription of shares
|20-Jul-17 |  | Common share |  | 3,585  |  | YOO HAK JONG                     |  | $8,570.00  |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 4,866  |  | KIM JAE YEON                     |  | $12,165.56 |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 400    |  | OH JOUNGSOUK                     |  | $1,000.00  |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 1,668  |  | PARK JONGSUL                     |  | $4,170.00  |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 1,200  |  | SEO HYOSEUNG                     |  | $3,000.00  |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 1,440  |  | KIM KWANGSUK                     |  | $1,800.00  |  | New Subscription of shares









7






|1-Aug-17  |  | Common share |  | 120   |  | RUSNANI BINTI AHMAD |  | $300.00   |  | New Subscription of shares
|--------- |  | ------------ |  | ----- |  | ------------------- |  | --------- |  | --------------------------
|1-Aug-17  |  | Common share |  | 240   |  | RITA SARID          |  | $600.00   |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 800   |  | WONG OI LAN         |  | $2,000.00 |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 1,696 |  | KANG DONGKUK        |  | $4,238.89 |  | New Subscription of shares
|1-Aug-17  |  | Common share |  | 400   |  | YANG JEONG SOON     |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | BAG GEUM SU         |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | HAN MEE SUN         |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | PARK KEUMSIM        |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | AN MIKYEONG         |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | KIM JAERYUN         |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 1,000 |  | JANG MINHEE         |  | $2,800.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | DO HYUNTAE          |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | HWANG OKBOUN        |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | SUNG JONGPIL        |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 1,296 |  | KIM JUNGJA          |  | $3,630.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 714   |  | NOH WOOJEONG        |  | $2,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | KIM MINSEO          |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | KIM EUNSOOK         |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | KIM EUNHYANG        |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | SON BOGYEONG        |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 869   |  | HWANG YOUNGOK       |  | $2,432.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 310   |  | LEE CHOULYONG       |  | $870.00   |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | RYU JEAHAG          |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 310   |  | KIM JOUNG MI        |  | $870.00   |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 357   |  | KIM GIWOO           |  | $1,000.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 117   |  | BASIAH BINTI MUSAL  |  | $327.00   |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 432   |  | SANNANG BIN RAFI    |  | $1,209.00 |  | New Subscription of shares
|22-Sep-17 |  | Common share |  | 533   |  | SHIM SHOO FAH       |  | $1,491.00 |  | New Subscription of shares
|1-Nov-17  |  | Common share |  | 400   |  | KIM JUNG HWAN       |  | $500.00   |  | New Subscription of shares
|1-Nov-17  |  | Common share |  | 1,344 |  | PARK ANSUK          |  | $1,680.00 |  | New Subscription of shares
|1-Nov-17  |  | Common share |  | 6,504 |  | WOO DONGHWAN        |  | $8,130.00 |  | New Subscription of shares



The number of shares issued was based on the average closing
price of our common shares on the OTCQB during certain periods. The shares were exempt from registration pursuant to Section 4(2)
under the Securities Act of 1933, as amended, pursuant to Rule 903, as a sale by the issuer in an offshore transaction. No underwriting
or other commissions were paid in connection with the issuance of these shares. No forms of conversion or exercise options are
attached to the shares.



|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 contains forward-looking
statements. Forward looking statements are identified by words and phrases such as “anticipate”, “intend”,
“expect” and words and phrases of similar import. We caution investors that forward-looking statements are only predictions
based on our current expectations about future events and are not guarantees of future performance. Our actual results, performance
or achievements could differ materially from those expressed or implied by the forward-looking statements due to risks, uncertainties
and assumptions that are difficult to predict. We encourage you to read carefully the other information provided in this Report
and in our other filings with the SEC before deciding to invest in our stock or to maintain or change your investment. We undertake
no obligation to revise or update any forward-looking statement for any reason, except as required by law.



You should read this MD&A in conjunction with the Financial
Statements and Related Notes in Item 8.



Overview



On August 22, 2017, the Company purchased
all of the issued and outstanding capital stock of IGS Mart SDN BHD, a Malaysia company (“IGS Mart”). On completion
of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.











8






IGS Mart is a company incorporated in Malaysia
on June 2, 2017. It currently operates one convenient store named Like Mart at G-3A Tiara Mutiara 139, Jalan Puchong, 58200 Kuala
Lumpur, Malaysia. IGS Mart intends to open an additional 5 convenient stores in Malaysia over the next 15 months. Although there
is no assurance of success, the Company believes that there is a good opportunity for expansion of many more outlets after the
brand is established.



Plan of Operation



The Company is actively looking for acquisition and merger opportunities
in growth industries in Asia.



Critical Accounting Policies and Estimates



The preparation of our financial statements
in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that
affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base
our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances.
Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant
accounting policies affecting our financial statements; we believe the following critical accounting policies involve the most
complex, difficult and subjective estimates and judgments: allowance for doubtful accounts; income taxes; stock-based compensation;
asset impairment.



Revenue Recognition



The Company recognizes its revenue in accordance with the ASC
Topic 605, “Revenue Recognition”. Revenue is recognized when persuasive evidence of an arrangement exists, delivery
has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. The recognition of revenues involves
certain management judgments. The amount and timing of our revenues could be materially different for any period if management
made different judgments or utilized different estimates.



Revenue is measured at the fair value of the consideration received
or receivable, net of discounts and taxes applicable to the revenue.



Income taxes



We account for income taxes in accordance
with SFAS No. 109(ASC 740), Accounting for Income Taxes. SFAS 109 prescribes the use of the liability method. Under this method,
deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between
the financial statement carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities are measured
using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected
to be recovered or settled. We then assess the likelihood that our deferred tax assets will be recovered from future taxable income
and to the extent we believe that recovery is not likely, we establish a valuation allowance. To the extent we establish a valuation
allowance, or increase or decrease this allowance in a period, we increase or decrease our income tax provision in our statement
of operations. If any of our estimates of our prior period taxable income or loss prove to be incorrect, material differences could
impact the amount and timing of income tax benefits or payments for any period. In addition, as a result of the significant change
in the Company’s ownership, the Company's future use of its existing net operating losses may be limited.



We recognize potential liabilities and
record tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether,
and the extent to which, additional taxes will be due. The tax liabilities are reflected net of realized tax loss carry forwards.
We adjust these reserves upon specific events; however, due to the complexity of some of these uncertainties, the ultimate resolution
may result in a payment that is different from our current estimate of the tax liabilities. If our estimate of tax liabilities
proves to be less than the ultimate assessment, an additional charge to expense would result. If payment of these amounts ultimately
proves to be less than the recorded amounts, the reversal of the liabilities would result in tax benefits being recognized in the
period when the contingency has been resolved and the liabilities are no longer necessary.



Changes in tax laws, regulations, agreements
and treaties, foreign currency exchange restrictions or our level of operations or profitability in each taxing jurisdiction could
have an impact upon the amount of income taxes that we provide during any given year.



Stock-Based Compensation



Effective January 1, 2006, the beginning
of the Company's first fiscal quarter of 2006, the Company adopted the fair value recognition provisions of SFAS 123R (ASC 718),
using the modified-prospective transition method. Under this transition method, stock-based compensation expense was recognized
in the financial statements for granted stock options, since the related purchase discounts exceeded the amount allowed under SFAS
123R(ASC 718) for non-compensatory treatment. Compensation expense recognized included: the estimated expense for stock options
granted on and subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the provisions of
SFAS 123R (ASC 718); and the estimated expense for the portion vesting in the period for options granted prior to, but not vested
as of January 1, 2006, based on the grant date fair value estimated in accordance with the original provisions of SFAS 123(ASC
718). Results for prior periods have not been restated, as provided for under the modified-prospective method.









9






On December 5, 2012, the Company entered
into a settlement agreement with Dragon Wings for the settlement of the claim by Dragon Wings. In consideration of the Company's
agreement to make the payments in the form of common shares and share options listed in the settlement agreement. The Company would
give the option to Dragon Wings to purchase 6,000,000 common shares; the option may be exercised by Dragon Wings in whole or in
part, at any time within 5 years from the date of this settlement agreement with the exercise price at US$0.01 per share, with
dilution protection and subject to share split adjustment.



For other items paid for by common stock,
the value of the transaction is determined by the value of the goods or services received, measured at the time of the transaction.
The corresponding stock value, used to determine the number of share to be issued, is the value of the average price for the 20
to 30 days prior to the transaction date.



Impairment of long-lived assets



In accordance with the provisions of ASC
Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and equipment
held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying
amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered
to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the
fair value of the assets. There has been no impairment charge for the year ended December 31, 2017.



Results of Operations



Two Years Ended December 31, 2017
and 2016



Revenue



The Company had revenues of $100,663 for
the year ended December 31, 2017 and $nil for the same period in 2016.



Cost of Sales



Cost of sales for the year ended December
31, 2017 was $84,339 and $nil for the same period in 2016.



Gross Profit



Gross profit for the year ended December
31, 2017 was $16,324 and $nil for the same period in 2016.



Goodwill written-off for the year ended
December 31, 2017 was $75,948.



General and administrative expenses



General and administrative expenses increased
to $212,601 for the year 2017, from $85,643 for the year 2016, an increase of $126,958. Of these amounts, $73,167 related to the
value of cash compensation to our directors in 2017 and $30,000 related to the value of cash compensation to our directors and
secretary in 2016, respectively. In addition, a substantial portion of our expenses for the year ended December 31, 2017 related
to accounting service fees, audit fees, legal service fees, professional service fees and salaries, and for the year ended December
31, 2016 related to accounting service fees, audit fees, and legal and professional service fees.



Other Income



The other income for the year ended December
31, 2017 was $27,810, compared to the other income of $1,230 for the year ended December 31, 2016, an increase of $26,580.









10






Income Tax



The Company had deferred tax liability of $2,850 for the year
ended December 31, 2017 and $nil for the same period in 2016.



Net loss



The net loss for the year 2017 was $247,265,
compared to the net loss of $84,413 in 2016, an increase of $162,852.



Liquidity and Capital Resources for the
Years Ended December 31, 2017 and 2016



Working Capital



|                  |  | As of        |         |  | As of        |  
|----------------- |  | ------------ | ------- |  | ------------ | -
|                  |  | December 31, |         |  | December 31, |  
|                  |  | 2017         |         |  | 2016         |  
|Total Assets      |  | $            | 502,981 |  |              | $
|Total Liabilities |  | $            | 329,358 |  |              | $
|Working Capital   |  | $            | 173,623 |  |              | $



As shown in the accompanying consolidated
financial statements, the Company has accumulated loss of $1,466,551 as of December 31, 2017 compared to $1,219,286 as of December
31, 2016. There was a working capital earning of $173,623 as of December 31, 2017 and it was a working capital deficit of $102,110
as of December 31, 2016. It has increased by $275,733. This is due to the settlement of liability due to related parties by issuance
of common shares.



Operating Activities



The net cash flows used in operating
activities for the year ended December 31, 2017 was $393,623 compared to $139,684 for the year ended December 31, 2016. The increase
is attributed to increase in amount due from related parties.



Investing Activities



The net cash flows provided by investing
activities for the year ended December 31, 2017 was $11,055 compared to $nil for the year ended December 31, 2016. The increase
is attributed to acquisition of a subsidiary.



Financing Activities



The net cash flows provided by financing
activities for the year ended December 31, 2017 was $395,792 compared to $139,684 for the year ended December 31, 2016. The Company
financed its growth by utilizing cash reserves, loans from related parties and issuance of common shares. Loans from related parties
were unsecured, and deferred payment term and without interest bearing. The Company’s primary use of funds was for operation
expense and working capital.



Inflation



In the opinion of management, inflation
has not had a material effect on the Company's financial condition or results of its operations.



Trends and uncertainties



Management believes there are no known
trends, events, or uncertainties that could, or reasonably be expected to, adversely affect the Company’s liquidity in the
short and long terms, or its net sales, revenues, or income from continuing operations.



Off-Balance Sheet Arrangements



There are no off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial
condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources, that are material
to investors.









11






|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
|------- | -------------------------------------------



Financial statements are attached hereto
following Part IV, Item 15 beginning on Page F-1 of this Annual Report.



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



On September 13, 2017, the Company received
a resignation notice by email from Anthony Kam & Associates Ltd., its independent registered accounting firm. On September
20, 2017, the Company engaged HKCMCPA Company Limited ("HKCM"), as its new independent registered public accountant.
During the year ended December 31, 2016, and prior to September 20, 2017 (the date of the new engagement), we did not consult with
HKCM regarding (i) the application of accounting principles to a specified transaction, (ii) the type of audit opinion that might
be rendered on the Company's financial statements by HKCM, in either case where written or oral advice provided by HKCM would be
an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issues or (iii)
any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described
in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively).



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



Under the supervision and with the participation
of our management, including our principal executive officer and the principal financial officer, we conducted an evaluation of
the effectiveness of the design and operation of its disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934, as of the end of the period covered by this report (the "Evaluation Date").
Based on this evaluation, our principal executive officer and principal financial officer concluded as of the Evaluation Date,
that our disclosure controls and procedures were not effective.



Managements' Annual Report on Internal
Control over Financial Reporting



Management is responsible for establishing
and maintaining adequate internal control over financial reporting of the Company. Internal control over financial reporting is
a process designed by, or under the supervision of, our chief executive and chief financial officers and effected by our board
of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.



Our management assessed the effectiveness
of the Company’s internal control over financial reporting as of December 31, 2017. The framework used by management in making
that assessment was the 2013 version of the criteria set forth in the document entitled “Internal Control-Integrated Framework”
issued by the Committee of Sponsoring Organizations of the Treadway Commission.



Based on our evaluation described above,
management has concluded that our internal control over financial reporting was not effective as of December 31, 2017. We have
limited resources and we rely heavily on direct management oversight of transactions, along with the use of legal and accounting
professionals. As we grow we will hire skilled professionals that will enable us to implement adequate segregation of duties within
the internal control framework.



Our management will also implement additional
review procedures designed to ensure that the disclosure provided by the Company meets the current requirements of the applicable
filing made under the Exchange Act and methodology to review the statements.



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



Changes in Internal Control Over Financial
Reporting



There was no change in our internal control
over financial reporting that occurred during the fiscal year ended December 31, 2017 that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.











12






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



On January 3, 2018, the Board of Directors
of the Company approved the subscription of the company’s shares. Total 1,231,697 shares of common stock issued. The total
number of share outstanding increased to 4,814,872 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning
on Page F-1 of this Annual Report.



On March 21, 2018, the Board of Directors
of the Company approved the subscription of the company’s shares. Total 705,127 shares of common stock issued. The total
number of share outstanding increased to 5,519,999 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning
on Page F-1 of this Annual Report.



On March 27, 2018, the Board of Directors
of the Company approved the subscription of the company’s shares. Total 34,316,459 shares of common stock issued. The total
number of share outstanding increased to 39,836,458 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning
on Page F-1 of this Annual Report.



On April 9, 2018, the Board of Directors
of the Company approved the subscription of the company’s shares. Total 10,000 shares of common stock issued. The total number
of share outstanding increased to 39,846,458 shares. For details, please refer to Note 9 stated in Part IV, Item 15 beginning on
Page F-1 of this Annual Report.























13






PART III



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



Identification and Backgrounds of Directors
and Officers



|Name          | Age | Principal Position                   | Appointment/Resignation date        
|------------- | --- | ------------------------------------ | ------------------------------------
|Stephen Tang  | 65  | CEO, President, Director             | May 21, 2012/September 30, 2016     
|Francis Bok   | 51  | CFO, Director                        | May 21, 2012/September 30, 2016     
|Kok Seng Yeap | 42  | CEO, Director
        CFO, Secretary | June 28, 2016
        March 27, 2017
|He Qianying   | 48  | Director                             | June 28, 2016/September 19, 2017    



Mr. Stephen Tang, Chief Executive
Officer, President & Director



Mr. Tang served as our President, Chief
Executive Officer and Chairman of our board of directors from May 2012 to September 2016. Mr. Tang is the Chairman of Mega Pacific
Capital, Inc., a finance and investment consulting firm since 2005. Mr. Tang is currently a director of Professional Commons,
a think tank in Hong Kong.  Mr. Tang is a graduate of Hong Kong Baptist University and received his MBA from the Asian Institute
of Management in Manila, Philippines, in 1976.



Mr. Francis Bok, Chief Financial
Officer & Director



Mr. Bok served as a director and Chief
Financial Officer of the Company from May 2012 to September 2016. Mr. Bok serves as the chief executive officer of Beyond IVR Limited,
an information technology company based in Hong Kong. Mr. Bok received his Bachelor 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.



Mr. Kok Seng Yeap, Chief Executive
Officer, Chief Financial Officer, Secretary & Director



Mr. Kok currently serves as the Company’s
Director, Chief Executive Officer, Chief Financial Officer and Secretary. In addition to his service with the Company, he is currently
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. Dato’ Kok is a Malaysian and
is a Life Insurance Practitioner with the qualification obtained from the Malaysia Insurance Institute. He has also completed the
Legal Professional Will Writing Course with Rockwills Sdn Bhd, Malaysia.



Ms. He Qianying, Director



Ms.
He served as the Company’s Director from June 2016 to September 2017.Participate
to work since 1991, graduated from Chengdu Qingbaijiang Middle School, present as the chairman of Sichuan Xiangtian Ecological
Agriculture Development Co., Ltd. She is responsible in planning, directing, and implementing key
strategic commercial initiatives for the organization.



Family relationships



There are no family relationships among
any of our directors or executive officers.



Section 16(a) Beneficial Ownership Reporting
Compliance



Under Section 16(a) Beneficial Ownership
Reporting Compliance, each person who was at any time during the fiscal year, a director, officer, beneficial owner of more than
ten percent of any class of equity securities of the Company registered pursuant to section 12 (“reporting person”)
is required to file Forms 3, 4, and 5 on a timely basis, during the most recent fiscal year or prior fiscal years. Due to lack
of knowledge, the relevant beneficial owners did not file on time. They will file Form 3 and Form 5 shortly.



Code of Ethics



The Company has Standards of Ethical Conduct
Policy (“Code of Ethics”) that applies to all employees and directors, including the Chairman, Chief Executive Officer,
and Chief Financial Officer.











14






Committees of our Board of Directors



Audit Committee



We do not have a formal standing audit
committee. Rather, audit committee functions are performed by our entire Board of Directors. These functions include: (1) selection
and oversight of our independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints
regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission
by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and (5) funding for the
outside auditory and outside advisors engagement by the audit committee.



Audit Committee Financial Expert



None of our directors or officers has the
qualifications or experience to be considered a financial expert. We believe that the cost related to retaining a financial expert
at this time is prohibitive. However, we do intend to appoint an audit committee financial expert in the foreseeable future.



Director Independence



None of the members of our Board of Directors
may be deemed to be independent under the standards for independence contained in the NASDAQ Marketplace Rules, Rule 4350(d) and
Rule 4200(a)(15).



Compensation Committee



Compensation committee functions are performed
by our entire Board of Directors. Our Board of Directors does not have a charter or other formal policies regarding compensation.



Nominating and Corporate Governance
Committee



Nominating and Corporate Governance committee
functions are performed by our entire Board of Directors. Our Board of Directors does not have a charter or other formal policies
regarding director nominations or corporate governance.



Stockholder Communications



Any stockholder may communicate directly
to our Board of Directors by sending a letter to our company’s address of record.



| | • | encourage their commitment;                                             
| | - | ------------------------------------------------------------------------
| |   |                                                                         
| | • | motivate superior performance;                                          
| |   |                                                                         
| | • | facilitate attainment of ownership interests in our company;            
| |   |                                                                         
| | • | align personal interests with those of our stockholders; and            
| |   |                                                                         
| | • | enable them to share in the long-term growth and success of our company.



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



Officers’ compensation



All executive officers of the Company have
not been compensated in 2017.













15








Directors’ compensation



The following is a chart of compensation
paid to all directors of the Company in 2017.



|Name                                         |  | Fees Earned or Paid in Cash
 ($) |        |  | Stock Awards
 ($) |  |   | Option Awards
 ($) |  |  | Non-Equity Incentive Plan Compensation
 ($) |  |  | Non Qualified Deferred Compensation Earnings 
($) |   |  | All Other Compensation ($) |  |   | Total ($) | 
|-------------------------------------------- |  | -------------------------------- | ------ |  | ----------------- |  | - | ------------------ |  |  | ------------------------------------------- |  |  | ------------------------------------------------- | - |  | -------------------------- |  | - | --------- | 
|                                             |  |                                  |        |  |                   |  |   |                    |  |  |                                             |  |  |                                                   |   |  |                            |  |   |           | 
|Kok Seng Yeap                                |  | $                                | 45,000 |  |                   |  | – |                    |  |  | –                                           |  |  |                                                   | – |  |                            |  | – |           | 
|He Qianying (Resigned on September 19, 2017) |  | $                                | 28,167 |  |                   |  | – |                    |  |  | –                                           |  |  |                                                   | – |  |                            |  | – |           | 



Employment Agreement



The Company does not have employment agreements
with any of its officers or directors.



Stock option plan



We do not have a stock option plan and
we have not issued any warrants, options or other rights to acquire our securities.



Employee Pension, Profit Sharing or
other Retirement Plans



We do not have a defined benefit, pension
plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.



Securities authorized for issuance under
Equity Compensation Plans



None.



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



Security ownership of certain beneficial owners



The following table sets forth as of December
31, 2017, certain information with respect to the Company’s equity securities owned of record or beneficially by (i) each
Officer and Director of the Company; (ii) each person who owns beneficially more than five percent (5%) of each class of the Company’s
outstanding equity securities; and (iii) all Directors and Executive Officers as a group.



|Title of Class |  | Name and Address of Beneficial Owner (2)                                                              |  | Amount and Nature of Beneficial Ownership |           |     | Percent ofClass (1) | 
|-------------- |  | ----------------------------------------------------------------------------------------------------- |  | ----------------------------------------- | --------- | --- | ------------------- | 
|Common Stock   |  | Pontoon Boat Inc. Rm 1202A, 12/F Empire Centre 68 Mody Road, Tsimshatsui, Kowloon, Hong Kong          |  |                                           | 1,944,189 |     |                     | 
|Common Stock   |  | Kok Seng Yeap, CEO, CFO, Secretary & Director                                                         |  |                                           | 1,986,254 | (3) |                     | 
|Common Stock   |  | He Qianying, Director (4)                                                                             |  |                                           | –         |     |                     | 
|Common Stock   |  | Tan Toh Nguang Sublot 703, Lot 169, Jalan Oncidium, 3Km Off Jalan Bakam, 98000 Miri Sarawak, Malaysia |  |                                           | 211,350   |     |                     | 
|Common Stock   |  | All Directors and Officers as a Group (2 persons)                                                     |  |                                           | 1,986,254 | (3) |                     | 



|(1) | Unless otherwise indicated, based on 3,583,175 shares of common stock issued and outstanding. Shares of common stock subject to options or warrants currently exercisable or exercisable within 60 days, are deemed outstanding for purposes of computing the percentage of the person holding such options or warrants, but are not deemed outstanding for the purposes of computing the percentage of any other person.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











16








|(2) | Unless otherwise indicated, the address of such beneficial owner is the Company’s principal executive office, which is located at E-702, Block E, Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor, Malaysia.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                       
|(3) | Includes 42,065 shares
of common stock over which Mr. Kok has sole investment and voting control, and 1,944,189 shares of common stock held by Pontoon
Boat Inc, which Mr. Kok may be deemed to own beneficially.                                                     
|    |                                                                                                                                                                                                                                                                       
|(4) | Resigned in September 2017.                                                                                                                                                                                                                                           



We are not aware of any person who owns
of record, or is known to own beneficially, five percent or more of the outstanding securities of any class of the issuer, other
than as set forth above. There are no classes of stock other than common stock issued or outstanding.



There are no current arrangements which
will result in a change in control.



|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 appointment for working.

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
|-------- | --------------------------------------



The Company’s Board of Directors
pre-approved all audit and non-audit services provided to us and during the periods listed below. The Company’s Board approves
discrete projects on a case-by-case basis that may have a material effect on our operations and also considers whether proposed
services are compatible with the independence of the public accountants.



The following table presents fees for professional
services rendered by our auditors for the periods ended December 31, 2017 and 2016:



|Services Performed |  | 2017 |        |  | 2016 |  
|------------------ |  | ---- | ------ |  | ---- | -
|Audit Fees         |  | $    | 15,177 |  |      | $
|Audit-Related Fees |  |      | –      |  |      |  
|Tax Fees           |  |      | –      |  |      |  
|All Other Fees     |  |      | –      |  |      |  
|Total Fees         |  | $    | 15,177 |  |      | $













17






PART IV



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



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



|Exhibit Number | Description of Document
|-------------- | -----------------------



|3.1   | Articles
    of Incorporation of Financial Telecom Limited (USA), Inc. (1)                                                                                                                                                                                                                                                                                                                                                                                                                                         
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.2   | Amended
and Restated Bylaws of Financial Telecom Limited (USA), Inc. (1)                                                                                                                                                                                                                                                                                                                                                                                                                                           
|10.1  | Agreement between Hong Kong Futures Exchange Limited and
    Financial Telecom Limited (1)                                                                                                                                                                                                                                                                                                                                                                                                                         
|10.2  | Market Service Datafeed Agreement between Stock Exchange
    Information Services Limited and Financial Telecom Limited (1)                                                                                                                                                                                                                                                                                                                                                                                        
|10.3  | Option agreement dated December 14, 2004 between Fintel Group
    Limited and shareholders of Shanghai Longterms Technology Limited. (2)                                                                                                                                                                                                                                                                                                                                                                           
|10.4  | Option agreement dated January 5, 2005 between Fintel Group
    Limited and shareholders of Beijing JCL Technology Commerce Limited. (2)                                                                                                                                                                                                                                                                                                                                                                           
|10.5  | Option agreement dated January 20, 2005 between Fintel Group
    Limited and shareholders of Shanghai Qianhou Computer Technology Limited. (2)                                                                                                                                                                                                                                                                                                                                                                     
|10.6  | Independent contractor agreement between Fintel Group Limited
    and Mr. Sam Chong Keen. (2)                                                                                                                                                                                                                                                                                                                                                                                                                      
|10.7  | Independent contractor agreement between Fintel Group Limited
    and Info Media Company. (2)                                                                                                                                                                                                                                                                                                                                                                                                                      
|10.8  | Independent contractor agreement between Fintel Group Limited
    and China Digital Distribution Limited. (2)                                                                                                                                                                                                                                                                                                                                                                                                      
|10.9  | Sales and purchase agreement dated March 25, 2005 between
    Fintel Group Limited and shareholders of Enjoy Media Holdings Limited (3)                                                                                                                                                                                                                                                                                                                                                                            
|10.10 | Sales and purchase agreement dated April 25, 2005 between
    Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd. (4)                                                                                                                                                                                                                                                                                                                                                                      
|10.11 | Option agreement dated March 7, 2005 between Fintel Group
    Limited and shareholders of Beijing Sinoskyline Technology Trading Co. Ltd.(4)                                                                                                                                                                                                                                                                                                                                                                       
|10.12 | Settlement agreement dated December 5, 2012 between Sancon
    Resources Recovery, Inc. and Dragon Wings Communications Limited. (9)                                                                                                                                                                                                                                                                                                                                                                               
|10.13 | Notice of Dismissal dated January 11, 2013 issued by the United
    States Bankruptcy Court, District of Nevada. (11)                                                                                                                                                                                                                                                                                                                                                                                              
|10.14 | Service Agreement, dated May 31, 2013, between Sancon Resources
    Recovery, Inc. and Fintel (USA) Ltd. (12)                                                                                                                                                                                                                                                                                                                                                                                                      
|10.15 | Service Agreement, dated July 20, 2016, between Sancon
    Resources Recovery, Inc. and Fintel (USA) Ltd. (13)                                                                                                                                                                                                                                                                                                                                                                                                     
|14.1  | Code of Ethics (10)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|21.1  | Subsidiaries of the registrant (9)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|31.1* | Certification of Director and Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|31.2* | Certification of Chief Financial 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†  | The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2017 and 2016, (ii) Statement of Operations for the years ended December 31, 2017 and 2016, (iii) Statement of Stockholders’ Equity for the years ended December 31, 2017 and 2016, and (iv) Statement of Cash Flows for the years ended December 31, 2017 and 2016,  (v) Notes to Financial Statements.



*Filed
herewith

† To be filed
by amendment



|(1) | Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------
|(2) | Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB
    (File No. 000-50760) filed March  31, 2005.            

|(3) | Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.   
|--- | -------------------------------------------------------------------------------------------------------------------------------
|(4) | Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 9, 2005.

|(5) | Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
|--- | ------------------------------------------------------------------------------------------------------------------------------
|(6) | Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006. 

|(7)  | Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.           
|---- | ----------------------------------------------------------------------------------------------------------------------------
|(8)  | Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.
|(9)  | Incorporated herein by reference to the registrant’s Annual Report on Form 10-K (File No. 000-50760) filed June 7, 2013.    
|(10) | Incorporated by reference to the Exhibits to our Form 10-K filed on April 27, 2016                                          
|(11) | Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016                                            
|(12) | Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016                                            
|(13) | Incorporated by reference to the Exhibits to our Form 10-K filed on March 31, 2017                                          







|ITEM 16. | FORM 10-K SUMMARY
|-------- | -----------------



Not applicable.





18






INDEX TO CONSOLIDATED FINANCIAL STATEMENTS





|                                                                                                 |  | Pages     
|------------------------------------------------------------------------------------------------ |  | ----------
|                                                                                                 |  |           
|Report of Independent Registered Public Accounting Firm                                          |  | F-2       
|                                                                                                 |  |           
|Consolidated Balance Sheets as of December 31, 2017 and 2016                                     |  | F-3       
|                                                                                                 |  |           
|Consolidated Statements
of Operation for the years ended December 31, 2017 and December 31, 2016 |  | F-4       
|                                                                                                 |  |           
|Consolidated Statements of Stockholders’ Equity for the years
ended December 31, 2017 and 2016   |  | F-5       
|                                                                                                 |  |           
|Consolidated Statements of Cash Flows for the years ended December 31, 2017 and 2016             |  | F-6       
|                                                                                                 |  |           
|Notes to Consolidated Financial Statements for the years ended December 31, 2017 and 2016        |  | F-7 – F-18





















F-1






REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM



The Board of Directors and Stockholders
of

IGS Capital Group Limited

(Formerly Sancon Resources Recovery, Inc.)



Opinion on the Consolidated Financial Statements



We have audited the accompanying consolidated
balance sheets of IGS Capital Group Limited and its subsidiary (the “Company”) as of December 31, 2017 and 2016, and
the related consolidated statements of operation, cash flows, and changes in stockholders’ equity for the years ended December
31, 2017 and 2016, and the related notes (collectively referred to as the “financial statements”). In our opinion,
the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017
and 2016, and the results of its operations and its cash flows for the years ended December 31, 2017 and 2016, in conformity with
accounting principles generally accepted in the United States of America.



Basis for Opinion



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



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



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







/s/ HKCMCPA Company Limited



We have served as the Company’s auditor
since 2017.



Hong Kong, China



May 17, 2018









F-2






IGS CAPITAL GROUP LIMITED

(Formerly Sancon Resources Recovery, Inc.)

CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2017 AND 2016

(Currency expressed in United States Dollars (“US$”), except for number of shares)





|                                                                                                       |  | As at             |           
|------------------------------------------------------------------------------------------------------ |  | ----------------- | ----------
|                                                                                                       |  | December 31, 2017 |           
|Assets                                                                                                 |  |                   |           
|Non-Current Assets                                                                                     |  |                   |           
|Property, plant and equipment                                                                          |  | $                 | 44,882    
|Total Non-Current Assets                                                                               |  |                   | 44,882    
|                                                                                                       |  |                   |           
|Current Assets                                                                                         |  |                   |           
|Cash and cash equivalents                                                                              |  |                   | 13,224    
|Due from related parties                                                                               |  |                   | 414,499   
|Inventories                                                                                            |  |                   | 26,015    
|Other receivables                                                                                      |  |                   | 4,361     
|Total Current Assets                                                                                   |  |                   | 458,099   
|                                                                                                       |  |                   |           
|Total Assets                                                                                           |  | $                 | 502,981   
|                                                                                                       |  |                   |           
|                                                                                                       |  |                   |           
|Liabilities                                                                                            |  |                   |           
|Due to related parties                                                                                 |  | $                 | 84,780    
|Account payables                                                                                       |  |                   | 19,248    
|Accrued expenses and other payables                                                                    |  |                   | 222,480   
|Deferred tax liability                                                                                 |  |                   | 2,850     
|Total Liabilities                                                                                      |  |                   | 329,358   
|                                                                                                       |  |                   |           
|Commitments and contingencies                                                                          |  |                   |           
|                                                                                                       |  |                   |           
|Stockholders' equity (deficits)                                                                        |  |                   |           
|Share capital authorized: 500,000,000 common shares, par value $0.001 per share                        |  |                   |           
|Issued and outstanding: 3,583,175 shares as of December 31, 2017 (December 31, 2016: 1,050,913 shares) |  |                   | 3,583     
|Additional paid-in capital                                                                             |  |                   | 1,547,576 
|Share option reserves                                                                                  |  |                   | 89,015    
|Accumulated losses                                                                                     |  |                   | (1,466,551
|Total Stockholders' equity (deficits)                                                                  |  |                   | 173,623   
|                                                                                                       |  |                   |           
|Total liabilities & stockholders' equity                                                               |  | $                 | 502,981   



Note: There was a 1-for-100 reverse stock split of the Company’s common stock effective on June 8, 2017.





See accompanying notes to consolidated financial statements.





F-3






IGS CAPITAL GROUP LIMITED

(Formerly Sancon Resources Recovery, Inc.)

CONSOLIDATED STATEMENTS OF OPERATION

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

(Currency expressed in United States Dollars (“US$”), except for number of shares)





|                                            |  | For the years ended December 31, |          
|------------------------------------------- |  | -------------------------------- | ---------
|                                            |  | 2017                             |          
|                                            |  |                                  |          
|Revenue                                     |  | $                                | 100,663  
|Cost of sales                               |  |                                  | 84,339   
|Gross profit                                |  |                                  | 16,324   
|                                            |  |                                  |          
|Operating expenses                          |  |                                  |          
|Written off of goodwill                     |  |                                  | 75,948   
|General and administrative expenses         |  |                                  | 212,601  
|Total operating expenses                    |  |                                  | 288,549  
|                                            |  |                                  |          
|Operating loss                              |  |                                  | (272,225 
|                                            |  |                                  |          
|Other income                                |  |                                  | 27,810   
|                                            |  |                                  |          
|Income taxes                                |  |                                  |          
|Deferred tax liability                      |  |                                  | (2,850   
|                                            |  |                                  |          
|Net loss                                    |  | $                                | (247,265 
|                                            |  |                                  |          
|Loss per share:                             |  |                                  |          
|Basic loss per share                        |  | $                                | (0.105   
|Basic weighted average shares outstanding   |  |                                  | 2,344,917
|                                            |  |                                  |          
|Diluted loss per share                      |  | $                                | (0.103   
|Diluted weighted average shares outstanding |  |                                  | 2,404,917



Note: There was a 1-for-100 reverse stock split of the Company’s common stock effective on June 8, 2017.





See accompanying notes to consolidated financial statements.





F-4






IGS CAPITAL GROUP LIMITED

(Formerly Sancon Resources Recovery, Inc.)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

(Currency expressed in United States Dollars (“US$”), except for number of shares)





|                                             |  | Common Stock (Shares) |           |  | Common Stock (Amount) |   |       | Additional Paid in Capital |  |   | Share Option Reserves |  |  | Accumulated Losses |        |  | Total |  
|-------------------------------------------- |  | --------------------- | --------- |  | --------------------- | - | ----- | -------------------------- |  | - | --------------------- |  |  | ------------------ | ------ |  | ----- | -
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Balance as of  December 31, 2015  (restated) |  |                       | 322,200   |  |                       | $ | 322   |                            |  | $ | 824,618               |  |  | $                  | 89,015 |  |       | $
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Issuance of common stock                     |  |                       | 728,713   |  |                       |   | 729   |                            |  |   | 202,492               |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Net loss for the year                        |  |                       | –         |  |                       |   | –     |                            |  |   | –                     |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Balance as of  December  31, 2016            |  |                       | 1,050,913 |  |                       |   | 1,051 |                            |  |   | 1,027,110             |  |  |                    | 89,015 |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Issuance of common stock                     |  |                       | 42,557    |  |                       |   | 42    |                            |  |   | 520,466               |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Fractional shares from reverse split         |  |                       | 1,030     |  |                       |   | 1     |                            |  |   | –                     |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Issuance of common stock                     |  |                       | 2,488,675 |  |                       |   | 2,489 |                            |  |   | –                     |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Net loss for the year                        |  |                       | –         |  |                       |   | –     |                            |  |   | –                     |  |  |                    | –      |  |       |  
|                                             |  |                       |           |  |                       |   |       |                            |  |   |                       |  |  |                    |        |  |       |  
|Balance as of December  31, 2017             |  |                       | 3,583,175 |  |                       | $ | 3,583 |                            |  | $ | 1,547,576             |  |  | $                  | 89,015 |  |       | $





Note: There was a 1-for-100 reverse stock split of the Company’s
common stock effective on June 8, 2017.





See accompanying notes to consolidated financial
statements.





F-5






IGS CAPITAL GROUP LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

(Currency expressed in United States Dollars (“US$”))







|                                                                                        |  | For the years ended December 31, |         
|--------------------------------------------------------------------------------------- |  | -------------------------------- | --------
|                                                                                        |  | 2017                             |         
|Cash Flows from Operating Activities                                                    |  |                                  |         
|Net loss                                                                                |  | $                                | (247,265
|Adjustments to reconcile net income to net cash flows provided by operating activities: |  |                                  |         
|Written-off of goodwill                                                                 |  |                                  | 75,948  
|Depreciation                                                                            |  |                                  | 2,877   
|                                                                                        |  |                                  |         
|Change in current assets and liabilities:                                               |  |                                  |         
|Decrease in inventories                                                                 |  |                                  | 2,756   
|Decrease in other receivables                                                           |  |                                  | 11,092  
|Increase in amounts due from related parties                                            |  |                                  | (474,499
|Increase in account payables                                                            |  |                                  | 12,111  
|Increase (decrease) in accrued expenses and other payables                              |  |                                  | 223,357 
|Net cash flows used in operating activities                                             |  |                                  | (393,623
|                                                                                        |  |                                  |         
|Cash Flows from Investing Activities                                                    |  |                                  |         
|Purchase of property, plant and equipment                                               |  |                                  | (9,631  
|Purchase of investment                                                                  |  |                                  | (13     
|Acquisition of a subsidiary, net of cash acquired                                       |  |                                  | 20,699  
|Net cash flows provided by investing activities                                         |  |                                  | 11,055  
|                                                                                        |  |                                  |         
|Cash Flows from Financing Activities                                                    |  |                                  |         
|Issuance of shares                                                                      |  |                                  | 522,998 
|Settlement of loans from related parties                                                |  |                                  | (127,206
|Net cash flows provided by financing activities                                         |  |                                  | 395,792 
|                                                                                        |  |                                  |         
|Effect of exchange rate change on cash and cash equivalents                             |  |                                  | –       
|                                                                                        |  |                                  |         
|Net Increase in Cash & Cash Equivalents                                                 |  |                                  | 13,224  
|                                                                                        |  |                                  |         
|Cash & Cash Equivalents at beginning of year                                            |  | $                                | –       
|Cash & Cash Equivalents at end of year                                                  |  | $                                | 13,224  





See accompanying notes to consolidated financial
statements.





F-6






IGS CAPITAL GROUP LIMITED

NOTES TO FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2017
AND 2016

(Currency expressed in United States
Dollars (“US$”), except for number of shares)



Note 1.  Nature of Operations



IGS Capital Group Limited ("IGS",
or "the Company", or "we", or "us"), formerly known as Sancon Resources Recovery, Inc., is registered
in the State of Nevada.



On April 26, 2017, the Company filed a
certificate of amendment to its articles of incorporation with the Secretary of State of the State of Nevada (the “Amendment”)
changing the Company’s name from “Sancon Resources Recovery, Inc.” to “IGS Capital Group Limited”.
The name change became effective with FINRA on June 8, 2017.



On April 26, 2017, the Company filed a
certificate of change with the Secretary of State of Nevada to effectuate a reverse stock split (the “Stock Split”)
of its issued and outstanding shares of common stock on a 1-for-100 basis. The number of its authorized shares of common stock
will remain at 500,000,000 shares, par value $0.001. The Stock Split became effective with FINRA on June 8, 2017 (the “Effective
Date”). As of that date, every 100 shares of issued and outstanding common stock were converted into one share of common
stock.  No fractional shares will be issued in connection with the Stock Split. Instead, any fractional shares will be rounded
up to the next whole share and a holder of record of old common stock on the Effective Date who would otherwise be entitled to
a fraction of a share will, in lieu thereof, be issued one whole share.



On or about June 29, 2017, the Company’s
shares of common stock began trading on the OTCQB Marketplace under the symbol “IGSC” to reflect the Company’s
new name.



On August
22, 2017, the Company and Tan Kok Beng (the “Seller”), entered into a Sale and Purchase Agreement (the "Agreement").
The Seller is the owner of all of the issued and outstanding capital stock (the “Stock”) of IGS Mart SDN BHD, a Malaysia
company (“IGS Mart”). Pursuant to the Agreement, the Company purchased the Stock from the Seller for a purchase price
of US$60,000. On completion of the transaction on September 16, 2017, IGS Mart became a wholly-owned subsidiary of the Company.



IGS Mart is a company incorporated in Malaysia
on June 2, 2017. It currently operates one convenient store named Like Mart at G-3A Tiara Mutiara 139, Jalan Puchong, 58200 Kuala
Lumpur, Malaysia. IGS Mart intends to open an additional 5 convenient stores in Malaysia over the next 15 months. Although there
is no assurance of success, the Company believes that there is a good opportunity for expansion of many more outlets after the
brand is established.



Description of subsidiary



|Name             |  | Place of incorporation and kind of legal
    entity |  | Principal activities and place of operation |  | Particulars of
        issued/registered share capital |  | Effective interest held |     
|---------------- |  | --------------------------------------------------- |  | ------------------------------------------- |  | ------------------------------------------------------ |  | ----------------------- | ----
|                 |  |                                                     |  |                                             |  |                                                        |  |                         |     
|IGS Mart SDN BHD |  | Malaysia                                            |  | Operation of convenient store               |  | 100 ordinary shares for MYR100                         |  |                         | 100%



Note 2.  Summary of Significant
Accounting Policies



Basis of Presentation



These accompanying consolidated financial
statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.
GAAP”).



Use of Estimates



These consolidated financial statements
are prepared in accordance with accounting principles accepted generally in the USA. These principles require management to use
its best judgment in determining estimates and assumptions that: affect the reported amounts of assets and liabilities; disclosure
of contingent assets and liabilities at the date of the financial statements; and the reported amounts of revenues and expenses
during the reporting period. Management makes its best estimate of the ultimate outcome for such items based on historical trends
and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with
the relevant accounting rules, typically in the period when new information becomes available to management. Actual results in
the future could differ from the estimates made in the prior and current periods.









F-7






Basis of Consolidation



The consolidated financial statements include
the financial statements of the Company and its subsidiary. All significant inter-company balances and transactions within the
Company have been eliminated upon consolidation.



Net Loss Per Share



The Company calculates net loss per share
in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the net income
by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to
basic income per share except that the denominator is increased to include the number of additional common shares that would have
been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.



Fair Value of Financial Instruments



The Company’s financial instruments
consist primarily of accounts payable and accrued expenses. The carrying amounts of such financial instruments approximate their
respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.



Management believes, based on the current
market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate
the carrying amount.



The Company also follows the guidance of
the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial
assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes
the inputs used in measuring fair value as follows:



|☐ | Level 1 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;
|- | ------------------------------------------------------------------------------------------------------------



|☐ | Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|☐ | Level 3 : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models.
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Fair value estimates are made at a specific
point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and
involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions
could significantly affect the estimates.



Cash and Cash Equivalent



Cash and cash equivalents consist primarily
of cash in readily available checking and saving accounts. Cash equivalents consist of highly liquid investments that are readily
convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts approximate fair
value due to the short maturities of these instruments.



Inventories Inventories are
stated at the lower of cost or market value (net realizable value), cost being determined on a weighted average method. The
Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. As
of December 31, 2017, the Company did not record an allowance for obsolete inventories, nor have there been any
write-offs.











F-8






Property, Plant and Equipment



Property, plant and equipment are stated
at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line
basis over the following expected useful lives from the date on which they become fully operational and after taking into account
their estimated residual values:



|                                 |  |  |  | Expected useful life
|-------------------------------- |  |  |  | --------------------
|Leasehold improvement            |  |  |  | 10 years            
|Furniture, fixture and equipment |  |  |  | 10 years            
|Computer and software            |  |  |  | 10 years            



Expenditure for repairs and maintenance
is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts
and any resulting gain or loss is recognized in the results of operations.



Depreciation expenses for the years ended
December 31, 2017 and 2016 was $2,877 and $0, respectively.



Impairment of long-lived assets



In accordance with the provisions of ASC
Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and equipment
held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying
amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered
to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the
fair value of the assets. There has been no impairment charge for the year ended December 31, 2017.



Revenue



The Company recognizes its revenue in accordance
with the ASC Topic 605, “Revenue Recognition”. Revenue is recognized when persuasive evidence of an arrangement exists,
delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. The recognition of revenues
involves certain management judgments. The amount and timing of our revenues could be materially different for any period if management
made different judgments or utilized different estimates.



Revenue is measured at the fair value of
the consideration received or receivable, net of discounts and taxes applicable to the revenue.



Cost of revenue



Cost of revenue consists primarily of purchase
of stock which are directly attributable to the operation of convenient store.



Income Taxes



Income taxes are determined in accordance with the provisions
of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax
rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes
the enactment date.



ASC 740 prescribes a comprehensive model for how companies should
recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on
a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than
not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently
be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement
with the tax authority assuming full knowledge of the position and relevant facts.



For the years ended December 31, 2017 and
2016, the Company did not have any interest and penalties associated with tax positions. As of December 31, 2017 and 2016, the
Company did not have any significant unrecognized uncertain tax positions.











F-9






Foreign currencies translation



The accompanying consolidated financial
statements are presented in U.S. dollars ("USD"). The Company's wholly owned subsidiary (IGS Mart’s) functional
currency is the Malaysian Ringgit (“MYR”). The financial statements are translated into USD in accordance with Codification
ASC 830, “Foreign Currency Matters”. All assets and liabilities were translated at the current exchange rate, at respective
balance sheet dates, shareholders' equity is translated at the historical rates and income statement items are translated at the
average exchange rate for the reporting periods. The resulting translation adjustments are reported as other comprehensive income
and accumulated other comprehensive income in the shareholders' equity in accordance with Codification ASC 220, “Comprehensive
Income”.



Translation gains and losses that arise
from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated into
USD at the rate on the date of the transaction and included in the results of operations as incurred. There were no material transaction
gains or losses in the periods presented.



Translation of amounts from the local currency
of the Company into US$1 has been made at the following exchange rates for the respective periods:



|                                      |  | As of and for the year ended December 31, |       
|------------------------------------- |  | ----------------------------------------- | ------
|                                      |  | 2017                                      |       
|Year-end MYR : US$1 exchange rate     |  |                                           | 3.9746
|Year-average MYR : US$1 exchange rate |  |                                           | 3.9746



Related parties



Parties, which can be a corporation or individual, are
considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant
influence over the other party in making financial and operating decisions. Companies are also considered to be related if they
are subject to common control or common significant influence.



Recent pronouncements



In May 2014, the Financial Accounting Standards
Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers
.. The standard provides companies with a single model for accounting for revenue arising from contracts with customers and supersedes
current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize
revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards
transfer to the customer under the existing revenue guidance. The guidance permits companies to either apply the requirements retrospectively
to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. In August 2015,
the FASB issued ASU 2015-14, Deferral of the Effective Date , which defers the required adoption date of ASU 2014-09 by one year.
As a result of the deferred effective date, ASU 2014-09 will be effective for the Company in its first quarter of fiscal 2018.
Early adoption is permitted but not before the original effective date of the new standard of the first quarter of fiscal 2017.
The following ASUs were subsequently issued by the FASB to clarify the implementation guidance in some areas and add practical
expedients: In March 2016, ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations; in April
2016, ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing; in May 2016, ASU 2016-12,
Revenue from Contracts with Customers: Narrow Scope Improvements and Practical Expedients; and in December 2016, ASU 2016-20, Technical
Corrections and Improvements to Revenue from Contracts with Customers . The Company’s is currently finalizing its evaluation
of standard product sales arrangements and has identified an adoption impact related to revenue from certain distributor agreements
which was deferred until the period in which the distributor sells through the inventory to the end customer. In connection with
the adoption of ASU 2014-09, the Company will change the recognition of sales to these distributors whereby revenue will be estimated
and recognized in the period in which the Company transfers control of the product to the distributor; the adoption impact is not
expected to be material. Other than this impact, the Company has not identified any expected impact on the timing and measurement
of revenue for standard product sales arrangements from the adoption of the standard and the Company is currently formalizing its
final conclusions.



In February 2016, the FASB issued ASU No.
2016-02, Leases . The standard requires that a lessee recognize the assets and liabilities that arise from operating leases. A
lessee should recognize in its balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset
representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is
permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities.
In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented
using a modified retrospective approach. The guidance in ASU 2016-02 is effective for annual and interim reporting periods beginning
after December 15, 2018.











F-10






In March 2016, the FASB issued ASU No.
2016-09, Improvements to Employee Share-Based Payment Accounting, which changes the accounting for employee share-based payments,
including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in
the statement of cash flows. Under the new guidance, excess tax benefits associated with share-based payment awards will be recognized
in the income statement when the awards vest or settle, rather than in stockholders’ equity. In addition, it will increase
the number of shares an employer can withhold to cover income taxes on share-based payment awards and still qualify for the exemption
to liability classification. The guidance was effective for the Company in the first quarter of 2017.



In November 2016, the FASB issued ASU No.
2016-18, Statement of Cash Flows - Restricted Cash , which requires entities to show the changes in the total of cash, cash equivalents,
restricted cash and restricted cash equivalents in the statement of cash flows. The guidance will be effective for the Company
in its first quarter of fiscal 2018. Early adoption is permitted, including adoption in an interim period, but any adjustments
must be reflected as of the beginning of the fiscal year that includes that interim period. The new standard must be adopted retrospectively.



In January 2017, the FASB issued ASU No.
2017-04, Intangibles - Goodwill and Other, which eliminates step two of the quantitative goodwill impairment test. Step two required
determination of the implied fair value of a reporting unit, and then a comparison of this implied fair value with the carrying
amount of goodwill for the reporting unit, in order to determine any goodwill impairment. Under the new guidance, an entity is
only required to complete a one-step quantitative test, by comparing the fair value of a reporting unit with its carrying amount,
and any goodwill impairment charge is determined by the amount by which the carrying amount exceeds the reporting unit’s
fair value. However, the loss should not exceed the total amount of goodwill allocated to the reporting unit. The standard is effective
for the Company in the first quarter of 2020, with early adoption permitted as of January 1, 2017, and is to be applied on a prospective
basis.



In March 2017, the FASB issued ASU No.
2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which changes how
employers that sponsor defined benefit pension or other postretirement benefit plans present the net periodic benefit cost in the
statement of operations. The new guidance requires entities to report the service cost component in the same line item or items
as other compensation costs. The other components of net benefit cost are required to be presented in the statement of operations
separately from the service cost component and outside the subtotal of loss from operations. ASU 2017-07 also provides that only
the service cost component is eligible for capitalization. The standard is effective for the Company in the first quarter of 2018,
with adoption to be applied on a retrospective basis.



In May 2017, the FASB issued ASU No. 2017-09,
Compensation-Stock Compensation: Scope of Modification Accounting , which provides clarification on when modification accounting
should be used for changes to the terms or conditions of a share-based payment award. This ASU does not change the accounting for
modifications but clarifies that modification accounting guidance should only be applied if there is a change to the value, vesting
conditions or award classification and would not be required if the changes are considered non-substantive. The amendments of this
ASU are effective for the Company in the first quarter of 2018, with early adoption permitted.



In August 2017, the FASB issued ASU No.
2017-12, Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities , which modifies the presentation
and disclosure of hedging results. Further, it provides partial relief on the timing of certain aspects of hedge documentation
and eliminates the requirement to recognize hedge ineffectiveness separately in income. The amendments in this ASU are effective
for the Company in the first quarter of 2019.



In November 2017, the FASB has issued ASU
No. 2017-14, Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from
Contracts with Customers (Topic 606). ASU 2017-14 includes amendments to certain SEC paragraphs within the FASB Accounting Standards
Codification (Codification). ASU 2017-14 amends the Codification to incorporate the following previously issued guidance from the
SEC. ‘The amendments in ASU No. 2017-14 amends the Codification to incorporate SEC Staff Accounting Bulletin (SAB) No. 116
and SEC Interpretive Release on Vaccines for Federal Government Stockpiles (SEC Release No. 33-10403) that bring existing SEC staff
guidance into conformity with the FASB’s adoption of and amendments to ASC Topic 606, Revenue from Contracts with Customers.



In September 2017, the FASB has issued
ASU No. 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases
(Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of
Prior SEC Staff Announcements and Observer Comments.” The amendments in ASU No. 2017-13 amends the early adoption date option
for certain companies related to the adoption of ASU No. 2014-09 and ASU No. 2016-02. Both of the below entities may still adopt
using the public company adoption guidance in the related ASUs, as amended. The effective date is the same as the effective date
and transition requirements for the amendments for ASU 2014-09 and ASU 2016-02.









F-11






Other accounting standards that have been
issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected
to have a material impact on the Company’s consolidated financial statements upon adoption.



Note 3. Business Combination



On August 23, 2017, the Company acquired
100% of the share capital of IGS Mart SDN. BHD. for a consideration of $60,000.



The following table summarizes the consideration
paid for IGS Mart SDN. BHD., the fair value of assets acquired and liabilities assumed at the acquisition date.



|At August 23, 2017                                                               |  | US$ |         
|-------------------------------------------------------------------------------- |  | --- | --------
|                                                                                 |  |     |         
|Total purchase price for the acquisition                                         |  |     | 60,000  
|                                                                                 |  |     |         
|Less: Recognized amounts of identifiable assets acquired and liabilities assumed |  |     |         
|                                                                                 |  |     |         
|Property, plant and equipment                                                    |  |     | 38,128  
|Inventories                                                                      |  |     | 28,771  
|Trade and other receivables                                                      |  |     | 15,440  
|Cash and cash equivalents                                                        |  |     | 20,699  
|Trade and other payables                                                         |  |     | (118,986
|                                                                                 |  |     |         
|Total identifiable net assets                                                    |  |     | (15,948 
|                                                                                 |  |     |         
|Goodwill                                                                         |  |     | 75,948  



The goodwill was fully written-off during
the year.



Note 4. Property, Plant and Equipment



Property, plant and equipment is summarized
as following:



|                                 |  | As at              |       
|-------------------------------- |  | ------------------ | ------
|                                 |  | December 31,  2017 |       
|Cost                             |  | $                  | –     
|Leasehold improvement            |  |                    | 12,673
|Furniture, fixture and equipment |  |                    | 28,691
|Computer and software            |  |                    | 6,395 
|                                 |  |                    | 47,759
|Less:                            |  |                    |       
|Accumulated depreciation         |  |                    | (2,877
|Balance at end of year           |  | $                  | 44,882



Note 5. Related Party Transactions



As of December 31, 2017, the Company owed
$84,780 to a related company, $314,681 and $99,818 from a director and related companies respectively.



As of December 31, 2016, the Company owed
$17,400 and $82,737 to a director and a shareholder respectively. Imputed interests on related parties’ loans are not significant.



During the year ended December 31, 2017,
the Company advanced $332,081 to a director, Kok Seng Yeap, Eddy.











F-12






On May 4, 2016, (i) 42,582,858 shares of
our common stock, valued at $138,000 were issued in lieu of cash compensation for director and secretarial services from March
13, 2014 through June 30, 2016; and (ii) 9,288,400 shares of our common stock, valued at $23,221 were issued in lieu of cash compensation
for accounting services from December 22, 2013 through June 30, 2016.



Note 6.  Stockholders’ equity



Common stock



The Company has the authority to issue 500,000,000 shares of
common stock, $0.001 par value. The total number of shares of the Company’s common stock outstanding as of December 31, 2017
and December 31, 2016 are 3,583,175 and 1,050,913, respectively.



On May 4, 2016, (i) 42,582,858 shares of
our common stock, valued at $138,000 were issued in lieu of cash compensation for director and secretarial services from March
13, 2014 through June 30, 2016; and (ii) 9,288,400 shares of our common stock, valued at $23,221 were issued in lieu of cash compensation
for accounting services from December 22, 2013 through June 30, 2016.



On May 8, 2017, 1,923,200 new shares issued. The total number
of shares issued and outstanding increased from 105,091,254 to 107,014,454.



On May 22, 2017, 2,332,541 new shares issued.
The total number of shares issued and outstanding increased from 107,014,454 to 109,346,995.



On April 26, 2017, the Company filed a certificate of change
with the Secretary of State of Nevada to effectuate a reverse stock split (the “Stock Split”) of its issued and outstanding
shares of common stock on a 1-for-100 basis. The number of its authorized shares of common stock will remain at 500,000,000 shares,
par value $0.001. The Stock Split became effective with FINRA on June 8, 2017 (the “Effective Date”). As of that date,
every 100 shares of issued and outstanding common stock were converted into one share of common stock.  No fractional shares
will be issued in connection with the Stock Split. Instead, any fractional shares will be rounded up to the next whole share and
a holder of record of old common stock on the Effective Date who would otherwise be entitled to a fraction of a share will, in
lieu thereof, be issued one whole share. 2,500 fractional shares were resulted from the Stock Split.



On June 29, 2017, 2,145,815 new shares issued. The total number
of shares issued and outstanding increase from 1,094,500 to 3,242,815.



On July 10, 2017, 234,000 new shares issued. The total number
of shares issued and outstanding increased from 3,242,815 shares to 3,476,815 shares.



On July 20, 2017, 74,703 new shares issued.
The total number of shares issued and outstanding increased from 3,476,815 shares to 3,551,518 shares.



On August 1, 2017, 12,830 new shares issued. The total number
of shares issued and outstanding increased from 3,551,518 shares to 3,564,348 shares.



On September 22, 2017, 10,579 new shares
issued. The total number of shares issued and outstanding increased from 3,564,348 shares to 3,574,927 shares.



On November 1, 2017, 8,248 new shares issued.
The total number of shares issued and outstanding increased from 3,574,927 shares to 3,583,175 shares.



These issuance of common shares is for
the settlement of liability due to related parties.



For the new issuance of shares, please
refer to Item 5. UNREGISTERED SALES OF EQUITY SECURITIES of PART II. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.



Stock options



On December 5, 2012, the Company entered
into a settlement agreement with Dragon Wings for the settlement of the claim by Dragon Wings. In consideration of IGS’s
agreement to make the payments in the form of common shares and share options listed in the settlement agreement. The Company would
give the option to Dragon Wings to purchase 6,000,000 common shares; the option may be exercised by Dragon Wings in whole or in
part, at any time within 5 years from the date of this settlement agreement with the exercise price at US$0.01 per share, with
dilution protection and subject to share split adjustment.











F-13






|                               |  | As at             |        
|------------------------------ |  | ----------------- | -------
|                               |  | December 31, 2017 |        
|                               |  |                   |        
|Loan settled by share option   |  | $                 | 149,015
|Par value of the common shares |  |                   | 60,000 
|Fair value of share option     |  | $                 | 89,015 



Note 7. Income Taxes



For the years ended December 31, 2017 and
2016, the local (“United States of America”) and foreign components of loss before income taxes were comprised of the
following:



|                         |  | Years ended December 31, |         
|------------------------ |  | ------------------------ | --------
|                         |  | 2017                     |         
|Tax jurisdiction from:   |  |                          |         
|- Local                  |  | $                        | (210,856
|- Foreign                |  |                          | (36,409 
|Loss before income taxes |  | $                        | (247,265



The provision for income taxes consisted
of the following:



|                   |  | Years ended December 31, |      
|------------------ |  | ------------------------ | -----
|                   |  | 2017                     |      
|Current:           |  |                          |      
|- Local            |  | $                        | –    
|- Foreign          |  |                          | –    
|                   |  |                          |      
|Deferred:          |  |                          |      
|- Local            |  |                          | –    
|- Foreign          |  |                          | 2,850
|Income tax expense |  | $                        | 2,850



The effective tax rate in the years presented is the result
of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various
countries: United States of America and the Malaysia that are subject to taxes in the jurisdictions in which they operate, as follows:



United States of America



On December 22, 2017, the United States
enacted the Tax Cuts and Jobs Act (the “Act”) resulting in significant modifications to existing law. The Company has
completed the accounting for the effects of the Act during the quarter ended December 31, 2017. The Company’s financial statements
for the year ended December 31, 2017 reflect certain effects of the Act which includes a reduction in the corporate tax rate from
34% to 21% as well as other changes.



As of December 31, 2017, the Company in
the United States of America had approximately $8,255,348 in net operating loss carry forwards available to offset future taxable
income. Federal net operating losses can generally be carried forward 20 years. The Tax Reform Act of 1986 limits the use of net
operating loss and tax credit carry forwards in certain situations when changes occur in the stock ownership of a company. In the
event the Company has a change in ownership, utilization of carry forwards could be restricted. The deferred tax assets for the
United States entity at December 31, 2017 consists mainly of net operating loss carry forwards and were fully reserved as the management
believes it is more likely than not that these assets will not be realized in the future.









F-14






The following table sets forth the significant
components of the net deferred tax assets for operation in the United States of America as of December 31, 2017 and 2016.



|                                                               |  | As at             |           
|-------------------------------------------------------------- |  | ----------------- | ----------
|                                                               |  | December 31, 2017 |           
|                                                               |  |                   |           
|Net Operating Loss Carry Forwards                              |  | $                 | 8,255,348 
|                                                               |  |                   |           
|Total Deferred Tax Assets – current rate                       |  |                   | 1,733,623 
|Total Deferred Tax Assets – effect of change in statutory rate |  |                   | 1,073,195 
|Less: Valuation Allowance                                      |  |                   | (2,806,818
|Net Deferred Tax Assets                                        |  | $                 | –         



The Company has U.S. federal net operating
loss carry forwards that if unused could expire in varying amounts in the years through 2020 to 2026. However, as a result of the
acquisition, the amount of net operating loss carry forward available to be utilized in reduction of future taxable income was
reduced pursuant to the change in control provisions of Section 382 of the Internal Revenue Code.



A 100% valuation allowance has been established
as a reserve against the deferred tax assets arising from the net operating losses and other net temporary differences since it
cannot, at this time, be considered more likely than not that their benefit will be realized in the future.



Malaysia



The Company’s subsidiary operating
in Malaysia subject to the Malaysia Corporate Tax Laws at a tax rate of 24% on the assessable income for its tax year. Any unutilized
losses can be carried forward indefinitely to be utilized against income from any business source.



As of December 31, 2017 and 2016, there
were deferred tax liabilities of $2,850 and $0 to be recognized, respectively.



As of December 31, 2017, the Company does
not have any unrecognized tax benefits and no corresponding interest or penalties. The Company's policy is to record interest and
penalties as income tax expense.



Note 8. Commitments and contingencies



From time to time the Company may become
a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations
and there are no current matters that would have a material effect on the Company's financial position or results of operations.



Note 9. Subsequent events



In accordance with ASC Topic 855, “Subsequent
Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet
date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December
31, 2017, up through the date the Company issued the unaudited condensed financial statements. During the period, the Company did
not have any material recognizable subsequent events, except for the below transaction:



On January 3, 2018, the Board of Directors of the Company approved
the subscription of the Company’s shares with details as follows were tabled.



|No. | Name of Applicant | Number of shares | Price (USD) | Date of Application
|--- | ----------------- | ---------------- | ----------- | -------------------
|1   | KANG BOK HEE      | 869              | 1,000.00    | January 2, 2018    
|2   | KANG DALYONG      | 5,217            | 6,000.00    | January 2, 2018    
|3   | KANG LEEMAN       | 869              | 1,000.00    | January 2, 2018    
|4   | KANG MYUNGJI      | 434              | 500.00      | January 2, 2018    
|5   | KIM CHONAM        | 869              | 1,000.00    | January 2, 2018    











F-15






|6  | KIM EUNSOOK      | 1,739     | 2,000.00   | January 2, 2018
|-- | ---------------- | --------- | ---------- | ---------------
|7  | KIM JEONGHEE     | 2,495     | 2,870.00   | January 2, 2018
|8  | KIM KYONG AE     | 1,739     | 2,000.00   | January 2, 2018
|9  | KIM KYUNG WON    | 1,722     | 1,980.00   | January 2, 2018
|10 | KIM MYOUNGSOOK   | 869       | 1,000.00   | January 2, 2018
|11 | KIM YOUNGSEOK    | 2,608     | 3,000.00   | January 2, 2018
|12 | KIM YUNJA        | 2,608     | 3,000.00   | January 2, 2018
|13 | KIM YONGHYEON    | 869       | 1,000.00   | January 2, 2018
|14 | KWAK TAE JONG    | 2,608     | 3,000.00   | January 2, 2018
|15 | LEE MYUNGSUK     | 4,348     | 5,000.00   | January 2, 2018
|16 | LEE OKRYEON      | 2,608     | 3,000.00   | January 2, 2018
|17 | LEE SOON JA      | 1,626     | 1,870.00   | January 2, 2018
|18 | LEE SUKYEON      | 4,348     | 5,000.00   | January 2, 2018
|19 | LEE SUNGSIM      | 17,391    | 20,000.00  | January 2, 2018
|20 | LEE SUNGSIM      | 1,739     | 2,000.00   | January 2, 2018
|21 | KIM DOHUI        | 869       | 1,000.00   | January 2, 2018
|22 | PARK JONGBUM     | 8,695     | 10,000.00  | January 2, 2018
|23 | SEO WONYONG      | 6,087     | 7,000.00   | January 2, 2018
|24 | KAM YOUNGHEE     | 2,608     | 3,000.00   | January 2, 2018
|25 | BAE SOOKHEE      | 2,608     | 3,000.00   | January 2, 2018
|26 | CHOI SEOYOON     | 1,626     | 1,870.00   | January 2, 2018
|27 | CHOI YUNSEO      | 869       | 1,000.00   | January 2, 2018
|28 | CHOO KWANGSENG   | 869       | 1,000.00   | January 2, 2018
|29 | HA INSU          | 2,608     | 3,000.00   | January 2, 2018
|30 | HWANG BYUNGGU    | 2,608     | 3,000.00   | January 2, 2018
|31 | JEONG JEONGIM    | 1,739     | 2,000.00   | January 2, 2018
|32 | JOO HYUNJU       | 2,608     | 3,000.00   | January 2, 2018
|33 | MOON DALSOON     | 869       | 1,000.00   | January 2, 2018
|34 | NAM OKSOOK       | 2,608     | 3,000.00   | January 2, 2018
|35 | PARK MISUK       | 2,608     | 3,000.00   | January 2, 2018
|36 | PARK SUNGJOON    | 2,608     | 3,000.00   | January 2, 2018
|37 | SON BOGYEONG     | 1,739     | 2,000.00   | January 2, 2018
|38 | SONG KI WOONG    | 1,304     | 1,500.00   | January 2, 2018
|39 | YANG TAE SOO     | 1,626     | 1,870.00   | January 2, 2018
|40 | YU HYERI         | 869       | 1,000.00   | January 2, 2018
|41 | JEONG INSOOK     | 1,739     | 1,000.00   | January 2, 2018
|42 | OH YONGMAN       | 2,608     | 1,500.00   | January 2, 2018
|43 | PONTOON BOAT INC | 1,121,750 | 448,700.00 | January 2, 2018











F-16






On March 21, 2018, the Board of Directors
of the Company approved the subscription of the Company’s shares with details as follows were tabled.



|No. | Name of Applicant | Number of shares | Price (USD) | Date of Application
|--- | ----------------- | ---------------- | ----------- | -------------------
|1   | PONTOON BOAT INC  | 705,127          | 211,538.00  | March 21, 2018     



On March 27, 2018, the Board of Directors
of the Company approved the subscription of the Company’s shares with details as follows were tabled.



|No. | Name of Applicant                | Number of shares | Price (USD) | Date of Application
|--- | -------------------------------- | ---------------- | ----------- | -------------------
|1   | PONTOON BOAT INC                 | 32,000,000       | 9,600.00    | March 27, 2018     
|2   | KHALID BIN HASHIM                | 35,000           | 10.50       | March 27, 2018     
|3   | JULIA BINTI MOSIOL               | 7,000            | 2.10        | March 27, 2018     
|4   | ROHAYA BINTI BAKAR               | 7,467            | 2.24        | March 27, 2018     
|5   | ASMAH BINTI ATOU                 | 7,000            | 2.10        | March 27, 2018     
|6   | RITA SARID                       | 14,000           | 4.20        | March 27, 2018     
|7   | SULAIMAN MADAHIN                 | 14,000           | 4.20        | March 27, 2018     
|8   | KAMARUZAMAN BIN ISMAIL           | 9,333            | 2.80        | March 27, 2018     
|9   | ANBAZAGAN SAMUEL                 | 35,000           | 10.50       | March 27, 2018     
|10  | PAMELA BINTI BENJAMIN            | 21,000           | 6.30        | March 27, 2018     
|11  | MD JALAL BIN JAAFAR              | 35,000           | 10.50       | March 27, 2018     
|12  | JAMAKIYAH BINTI MAJID            | 9,333            | 2.80        | March 27, 2018     
|13  | RUSTINA SING                     | 11,667           | 3.50        | March 27, 2018     
|14  | TAN TOH NGUANG                   | 490,000          | 147.00      | March 27, 2018     
|15  | JOHN OMPUK                       | 9,333            | 2.80        | March 27, 2018     
|16  | MOGAN ARWANANTHAN                | 151,993          | 45.60       | March 27, 2018     
|17  | AZMI BIN HASSIM                  | 28,000           | 8.40        | March 27, 2018     
|18  | AZMAN BIN AMBIR                  | 35,000           | 10.50       | March 27, 2018     
|19  | HASRINAH BINTI MOHD GULLAM       | 18,667           | 5.60        | March 27, 2018     
|20  | IBRISHAM BIN ZAKARIA             | 70,000           | 21.00       | March 27, 2018     
|21  | MOHD LASA BIN ABDUL              | 7,000            | 2.10        | March 27, 2018     
|22  | MUHAMMAD AZIM BIN BANI AMIN      | 7,000            | 2.10        | March 27, 2018     
|23  | MOHD RUSHDI BIN YUSOF            | 7,000            | 2.10        | March 27, 2018     
|24  | SHIM SHOO FAH                    | 23,333           | 7.00        | March 27, 2018     
|25  | AMINUDDIN BIN HAJI MUHAMMAD SAID | 23,333           | 7.00        | March 27, 2018     
|26  | SHIM SHOO FAH                    | 70,000           | 21.00       | March 27, 2018     
|27  | AMINUDDIN BIN HAJI MUHAMMAD SAID | 46,667           | 14.00       | March 27, 2018     
|28  | KIANCHONG BIN JAILANI            | 14,000           | 4.20        | March 27, 2018     
|29  | FATIMAH BINTI MUHAMAD            | 35,000           | 10.50       | March 27, 2018     
|30  | MAT HARUN BIN AB MANAF           | 35,000           | 10.50       | March 27, 2018     
|31  | TAY BOON HUA                     | 46,667           | 14.00       | March 27, 2018     
|32  | KEE POH SOON                     | 46,667           | 14.00       | March 27, 2018     
|33  | PAVITHIRAN DEVADASAN             | 7,000            | 2.10        | March 27, 2018     
|34  | RUSTINA SING                     | 18,667           | 5.60        | March 27, 2018     
|35  | ZAINUDDIN BIN YAACOB             | 14,000           | 4.20        | March 27, 2018     
|36  | ANBAZAGAN SAMUEL                 | 35,000           | 10.50       | March 27, 2018     
|37  | OTHMAN BIN AHMAN                 | 7,000            | 2.10        | March 27, 2018     
|38  | ROSLINA BINTI AMALUDDIN          | 7,000            | 2.10        | March 27, 2018     











F-17






|39 | SITI SAUDAH BINTI SYED MUDAN     | 14,000  | 4.20  | March 27, 2018
|-- | -------------------------------- | ------- | ----- | --------------
|40 | FAZIAH BINTI SELAMAT             | 7,000   | 2.10  | March 27, 2018
|41 | ROHAYAH BINTI MOHD               | 14,000  | 4.20  | March 27, 2018
|42 | FAZUAH BINTI HAJI ABD RAHIM      | 14,000  | 4.20  | March 27, 2018
|43 | MOHD FIRDAUS BIN MANSOR          | 7,000   | 2.10  | March 27, 2018
|44 | AMIR BIN SHAIDIN                 | 7,000   | 2.10  | March 27, 2018
|45 | SHANDON BIN ABD WAHAB            | 7,000   | 2.10  | March 27, 2018
|46 | HASIAH BINTI ABD RAHIM           | 7,000   | 2.10  | March 27, 2018
|47 | PAIZAH BINTI BOKHARI             | 7,000   | 2.10  | March 27, 2018
|48 | HERMES GEORGE                    | 30,333  | 9.10  | March 27, 2018
|49 | CHE SALIM BIN SAID               | 21,000  | 6.30  | March 27, 2018
|50 | YA ACUB BIN DOLLAH               | 7,000   | 2.10  | March 27, 2018
|51 | SHIM SHOO FAH                    | 35,000  | 10.50 | March 27, 2018
|52 | SHIM SHOO FAH                    | 23,333  | 7.00  | March 27, 2018
|53 | AMINUDDIN BIN HAJI MUHAMMAD SAID | 70,000  | 21.00 | March 27, 2018
|54 | NG KOK CHONG                     | 23,333  | 7.00  | March 27, 2018
|55 | LIM WEI CHING                    | 116,667 | 35.00 | March 27, 2018
|56 | ONG LEE CHIA                     | 46,667  | 14.00 | March 27, 2018
|57 | TAY BOON HUA                     | 133,333 | 40.00 | March 27, 2018
|58 | KEE POH SOON                     | 133,333 | 40.00 | March 27, 2018
|59 | NG KOK CHONG                     | 16,667  | 5.00  | March 27, 2018
|60 | LIM WEI CHING                    | 83,333  | 25.00 | March 27, 2018
|61 | ONG LEE CHIA                     | 33,333  | 10.00 | March 27, 2018



On April 9, 2018, the Board of Directors
of the Company approved the subscription of the Company’s shares with details as follows were tabled.



|No. | Name of Applicant                      | Number of shares | Price (USD) | Date of Application
|--- | -------------------------------------- | ---------------- | ----------- | -------------------
|1   | GLOBAL ASSET TRUSTEE (MALAYSIA) BERHAD | 10,000           | 5,000.00    | April 6, 2018      



According to the issuance of total 36,263,283
shares of common stock, the total number of share outstanding increased from 3,583,175 shares to 39,846,458 shares.













F-18






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 17th day of May, 2018.





IGS CAPITAL GROUP LIMITED









By: /s/ Kok Seng Yeap__________________

Kok Seng Yeap

Director

(Chief Executive Officer, Chief Financial
Officer and Secretary)





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/
        Kok Seng Yeap_________
        Kok
        Seng Yeap | Director
        (Chief Executive Officer,
        Chief Financial Officer and Secretary) | May 17,
        2018
|                                                                  |                                                                                           |                     























19






INDEX TO
EXHIBITS



|Exhibit No. | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|----------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|3.1         | Articles
    of Incorporation of Financial Telecom Limited (USA), Inc. (1)                                                                                                                                                                                                                                                                                                                                                                                                                                         
|3.2         | Amended
and Restated Bylaws of Financial Telecom Limited (USA), Inc. (1)                                                                                                                                                                                                                                                                                                                                                                                                                                           
|10.1        | Agreement between Hong Kong Futures Exchange Limited and
    Financial Telecom Limited (1)                                                                                                                                                                                                                                                                                                                                                                                                                         
|10.2        | Market Service Datafeed Agreement between Stock Exchange
    Information Services Limited and Financial Telecom Limited (1)                                                                                                                                                                                                                                                                                                                                                                                        
|10.3        | Option agreement dated December 14, 2004 between Fintel Group
    Limited and shareholders of Shanghai Longterms Technology Limited. (2)                                                                                                                                                                                                                                                                                                                                                                           
|10.4        | Option agreement dated January 5, 2005 between Fintel Group
    Limited and shareholders of Beijing JCL Technology Commerce Limited. (2)                                                                                                                                                                                                                                                                                                                                                                           
|10.5        | Option agreement dated January 20, 2005 between Fintel Group
    Limited and shareholders of Shanghai Qianhou Computer Technology Limited. (2)                                                                                                                                                                                                                                                                                                                                                                     
|10.6        | Independent contractor agreement between Fintel Group Limited
    and Mr. Sam Chong Keen. (2)                                                                                                                                                                                                                                                                                                                                                                                                                      
|10.7        | Independent contractor agreement between Fintel Group Limited
    and Info Media Company. (2)                                                                                                                                                                                                                                                                                                                                                                                                                      
|10.8        | Independent contractor agreement between Fintel Group Limited
    and China Digital Distribution Limited. (2)                                                                                                                                                                                                                                                                                                                                                                                                      
|10.9        | Sales and purchase agreement dated March 25, 2005 between
    Fintel Group Limited and shareholders of Enjoy Media Holdings Limited (3)                                                                                                                                                                                                                                                                                                                                                                            
|10.10       | Sales and purchase agreement dated April 25, 2005 between
    Fintel Group Limited and shareholders of Beijing Genial Technology Co. Ltd. (4)                                                                                                                                                                                                                                                                                                                                                                      
|10.11       | Option agreement dated March 7, 2005 between Fintel Group
    Limited and shareholders of Beijing Sinoskyline Technology Trading Co. Ltd.(4)                                                                                                                                                                                                                                                                                                                                                                       
|10.12       | Settlement agreement dated December 5, 2012 between Sancon
    Resources Recovery, Inc. and Dragon Wings Communications Limited. (9)                                                                                                                                                                                                                                                                                                                                                                               
|10.13       | Notice of Dismissal dated January 11, 2013 issued by the United
    States Bankruptcy Court, District of Nevada. (11)                                                                                                                                                                                                                                                                                                                                                                                              
|10.14       | Service Agreement, dated May 31, 2013, between Sancon Resources
    Recovery, Inc. and Fintel (USA) Ltd. (12)                                                                                                                                                                                                                                                                                                                                                                                                      
|10.15       | Service Agreement, dated July 20, 2016, between Sancon
    Resources Recovery, Inc. and Fintel (USA) Ltd. (13)                                                                                                                                                                                                                                                                                                                                                                                                     
|14.1        | Code of Ethics (10)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|21.1        | Subsidiaries of the registrant (9)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|31.1*       | Certification of Director and Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|31.2*       | Certification of Chief Financial 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†        | The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language); (i) Balance Sheets at December 31, 2017 and 2016, (ii) Statement of Operations for the years ended December 31, 2017 and 2016, (iii) Statement of Stockholders’ Equity for the years ended December 31, 2017 and 2016, and (iv) Statement of Cash Flows for the years ended December 31, 2017 and 2016,  (v) Notes to Financial Statements.



*Filed
herewith

† To be filed
by amendment



|(1) | Incorporated herein by reference to the registrant’s initial Registration Statement on Form 10-SB (File No. 000-50760) filed on May 13, 2004.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------
|(2) | Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB
    (File No. 000-50760) filed March  31, 2005.            

|(3) | Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed May 6, 2005.   
|--- | -------------------------------------------------------------------------------------------------------------------------------
|(4) | Incorporated herein by reference to the registrant’s Quarterly Report on Form 10-QSB (File No. 000-50760) filed August 9, 2005.

|(5) | Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed November 29, 2005.
|--- | ------------------------------------------------------------------------------------------------------------------------------
|(6) | Incorporated herein by reference to the registrant’s Current Report on Form 8K/A (File No. 000-50760) filed January 25, 2006. 

|(7)  | Incorporated herein by reference to the registrant’s Proxy Statement (File No. 000-50760) filed December 6, 2005.           
|---- | ----------------------------------------------------------------------------------------------------------------------------
|(8)  | Incorporated herein by reference to the registrant’s Annual Report on Form 10-KSB (File No. 000-50760) filed April 26, 2006.
|(9)  | Incorporated herein by reference to the registrant’s Annual Report on Form 10-K (File No. 000-50760) filed June 7, 2013.    
|(10) | Incorporated by reference to the Exhibits to our Form 10-K filed on April 27, 2016                                          
|(11) | Incorporated by reference to the Exhibits to our Form 10-Q filed on May 17, 2016                                            
|(12) | Incorporated by reference to the Exhibits to our Form 10-Q filed on May 23, 2016                                            
|(13) | Incorporated by reference to the Exhibits to our Form 10-K filed on March 31, 2017                                          













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