UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K/A

Amendment
No. 1



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

For the fiscal year ended December 31,
2013



OR

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

For transition period ___ to ____



Commission file number: 000-53737



AJ GREENTECH HOLDINGS.

(Name of registrant in its charter)



|Nevada                                                   | 30- 0679981                      
|-------------------------------------------------------- | ---------------------------------
|(State or jurisdiction of incorporation or organization) | (IRS Employer Identification No.)



136-20 38th Ave. Unit 3G,

Flushing, NY 11354

(Address of principal executive offices)



(718) 395-8706

(Registrant's telephone number)



SECURITIES REGISTERED PURSUANT TO SECTION
12(B) OF

THE EXCHANGE ACT:

None.



SECURITIES REGISTERED PURSUANT TO SECTION
12(G) OF

THE EXCHANGE ACT:

None.



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



Check
whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes☐No☑



Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes☑No☐



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§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☐



Check
if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K contained in this form, and no disclosure
will be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K.☐



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



|Large accelerated filer☐ | Accelerated filer☐        
|------------------------ | --------------------------
|Non-accelerated filer☐   | Smaller reporting company☑





---





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



As of December 31, 2013, the aggregate
market value of the shares of the Registrant’s common stock held by non-affiliates (based upon the closing price of such
shares as reported on the OTC Bulletin Board) was approximately $562,587.



At December 31, 2013, there were 233,760,148
shares of the registrant's common stock issued and outstanding.















EXPLANATORY
NOTE



This Amendment No.1  on Form 10-K/A
amends the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange
Commission (the “SEC”) on April 14, 2014 (the “Original Filing”).



The
purpose of this Amendment No.1  on Form 10-K/Ais to respond to certain comments received from the Staff of the SEC.
 For convenience and ease of reference, the Company is filing this Form 10-K/A in its entirety with all applicable
changes and unless otherwise stated, all information contained in this amendment is as of April 14, 2014, the filing date of
the Original Filing. Except as stated herein, this Form 10-K/A does not reflect events or transactions occurring after such
filing date or modify or update those disclosures in the original Form 10-K that may have been affected by events or
transactions occurring subsequent to such filing date.



|i
|-



|         |                                                                                                              |  | Page
|-------- | ------------------------------------------------------------------------------------------------------------ |  | ----
|         | PART I                                                                                                       |  |     
|Item 1.  | Business                                                                                                     |  | 3   
|Item 1A  | Risk Factors                                                                                                 |  | 5   
|Item 1B. | Unresolved Staff Comments                                                                                    |  | 8   
|Item 2.  | Properties                                                                                                   |  | 8   
|Item 3.  | Legal Proceedings                                                                                            |  | 8   
|Item 4.  | Mine and Safety Disclosures                                                                                  |  | 8   
|         | PART II                                                                                                      |  |     
|Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |  | 8   
|Item 6.  | Selected Financial Data                                                                                      |  | 9   
|Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        |  | 10  
|Item7A . | Quantitative and Qualitative Disclosures About Market Risk                                                   |  | 16  
|Item 8.  | Financial Statements and Supplementary Financial Data                                                        |  | 16  
|Item 9.  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                         |  | 17  
|Item 9A  | Controls and Procedures                                                                                      |  | 17  
|Item 9B. | Other Information.                                                                                           |  | 18  
|         | PART III                                                                                                     |  |     
|Item 10. | Directors, Executive Officers and Corporate Governance                                                       |  | 32  
|Item 11. | Executive Compensation                                                                                       |  | 33  
|Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               |  | 35  
|Item 13. | Certain Relationships and Related Party Transactions, and director independence                              |  | 36  
|Item 14. | Principal Accountant Fees and Services                                                                       |  | 36  
|         | PART IV                                                                                                      |  |     
|Item 15. | Exhibits, Financial Statements Schedules                                                                     |  | 37  
|         | SIGNATURES                                                                                                   |  | 37  



|
|
|



Forward-Looking Statements



Statements contained in this Annual
Report include “forward-looking statements” within the meaning of such term in Section 27A of the Securities Act and
Section 21E of the Exchange Act. Forward-looking statements involve known and unknown risks, uncertainties and other factors which
could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements
not to occur or be realized. Forward-looking statements made in this Report generally are based on our best estimates of future
results, performances or achievements, predicated upon current conditions and the most recent results of the companies involved
and their respective industries. Forward-looking statements may be identified by the use of forward-looking terminology such as
“may,” “will,” “could,” “should,” “project,” “expect,”
“believe,” “estimate,” “anticipate,” “intend,” “continue,” “potential,”
“opportunity” or similar terms, variations of those terms or the negative of those terms or other variations of those
terms or comparable words or expressions. Potential risks and uncertainties include, among other things, such factors as:

| | • | our heavy reliance on limited number of consumers;
| | - | --------------------------------------------------
| | • | Strong competition in our industry;               
| | • | increases in our raw material costs; and          
| | • | an inability to fund our capital requirements.    



Additional disclosures regarding factors
that could cause our results and performance to differ from results or performance anticipated by this annual report are discussed
in Item 1A. “Risk Factors.” Readers are urged to carefully review and consider the various disclosures made by us in
this annual report and our other filings with the SEC. These reports attempt to advise interested parties of the risks and factors
that may affect our business, financial condition and results of operations and prospects. The forward-looking statements made
in this annual report speak only as of the date hereof and we disclaim any obligation to provide updates, revisions or amendments
to any forward-looking statements to reflect changes in our expectations or future events.



PART I



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



We are a Nevada corporation incorporated
on August 30, 2006, under the name Gateway Certifications, Inc.  On Novermber 16, 2009, our corporate name was changed
to American Jianye Greentech Holdings, Ltd. and on February 13, 2014, our corporate name was changed to AJ Greentech Holdings,
Ltd.



AJ Greentech Holdings Ltd. through its
wholly-owned subsidiary, Jih Chih International Ltd. a corporation organized under the laws of Taiwan, The Republic of China is
engaged in the business of marketing, manufacturing and distributing of green energy.



From November 2009 until October, 2013,
through our China subsidiaries, we were engaged in design, marketing and distributing of alcohol base clean fuel which are designed
to use less fossil fuel and have less pollution than traditional fuel.



On October 31, 2013, pursuant to agreements
with one of our former directors, we transferred the stock in our China subsidiaries to the former director in exchange for cancellation
of debt totaling $240,000.  As a result of the transfer of the subsidiaries, we were no longer engaged in the China cleanfuel
business.  We transferred the stock of the China subsidiaries because we felt that, it not our best interest to continue
China cleanfuel business as a result of our decreasing revenue, continued losses and inability to raise capital for our business



On October 31, 2013, Chu Li An acquired,
for nominal consideration, 8,000,000 shares of common stock from the director who acquired the subsidiaries and 12,778,399 shares
of common stock from The Chairman, who was also a director.  On November 1, 2013, Chu Li An and the Company entered
into a loan agreement pursuant to which the Chu Li An agreed to lend us $100,000 initially with future loan amount up to $1,000,000,
for which we issued our 6% demand promissory note in the principal amount of $100,000.  The securities were issued in
Chu Li An’s name.



On November 18, 2013, we entered into
agreement pursuant to which we issued to Chu Li An and her BVI company, our sole director and chief executive officer, 180,000,000
shares of common stock, in consideration of the cancellation of debt due to Chu Li An in the amount of $180,000.



As a result of the
above transactions, we plan to focus on providing greentech products outside of China. Even though the company has disposed China
branches, the company's new management will continue to expand the current green energy and technology business in the United States
and globally, at the same time to explore many other green and renewable energy such as solar, wind power, sea power by signing
licensing agreement or joint venture with other research institutes.



The new management
is in negotiation with an established solar company to co-develop solar farm project in US, solar energy is by using Photovoltaic
generating means to use the photovoltaic effect in the semiconducting material of Solar cells to straightly transfer the radiation
to energy. Solar cell, the key-point, will form a large area of solar component after series connected and to collocate with power
controller and inverter, finally, the photovoltaic power system formed.。

By looking into the
huge potential of the biomass to renewable energy, the new management is also in negotiation other US firms to co-develop biomass
project in US, Biomass energy means to store solar energy in the biomass by the form of chemical energy. It could straightly or
indirectly comes from photosynthesis of green plants, and could transfer into normal solid-state, liquid-state and gaseous state
fuel. Biomass power is renewable energy that inexhaustible, and also the only one kind Carbon source could relive. According to
the different resources, the available biomass could be divided into 5 kinds of resources: forest resources, agricultural resources,
sewage and industrial organic wastewater, urban solid waste, and animal wastes. The
most promising one is generated by the main fuel of straw. The calorific value of straw is equal to half of the Standard Calomel
Electrode, and the average sulfur only 3/8%. So, the CO2 emission in the process during generating and will reach the carbon neutral
with th3 CO2 inhalation during biomass renewing. That results in zero discharge that could mitigate the global warming problems,
and is the potential key-point to solve it.



In the year ended December 31, 2013,
we derived our revenue $2,051,610 from the sales generated from the consultation service to our customers.



Facilities



Employees



The Company currently has 5 full-time employees.





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



RISKS RELATED TO OUR BUSINESS



You should carefully consider the risks
described below before buying our common stock. If any of the risks described below actually occurs, that event could cause the
trading price of our common stock to decline, and you could lose all or part of your investment.



Downturns
in general economic and market conditions could materially and adversely affect our business.



The greentech industry, especially the
solar and electric car market, is greatly affected by economic downturns.  The sale of our solar products is related
to the quantity of new building construction and renovation. Decline in housing transactions causes less demand for solar products.
In addition, our solar and electric products are mainly sold through government tender bids and installed in public areas and other
public buildings will likely be materially affected by economic downturns. If these municipalities have less funds budgeted for
these projects as a result of general economic conditions, sales of our solar and electric car products to government agencies
will be impaired.



If we are not able to compete
effectively with other competitors, our prospects for future growth will be jeopardized.



There is significant competition in
the greentech industry with more established companies We are not only competing with other greentech providers but also with companies
offering different kind of greentech solutions, which are usually more established and have greater resources to devote to research
and development, manufacturing and marketing than we have. Our competitors may promote greentech solutions which are more readily
accepted by customers than our products and maybe required to reduce the prices of our products in order to remain competitive.  Our
competitors may also seek to use our financial difficulties in marketing against us.



If critical components become
unavailable or contract manufacturers delay their production, our business will be negatively impacted.



Stability of component supply is crucial
to determine our manufacturing process. As some critical components, such as solar panels, are supplied by certain third party
component manufacturers, we may be unable to acquire necessary amounts of key components at competitive prices.  Outsourcing
the production of certain parts and components is one way to reduce manufacturing costs. We have selected these particular manufacturers
based on their ability to consistently produce these products according to our requirements and ensure the best quality product
at the most cost effective price. Contrarily, the loss of all or one of these suppliers or delays in obtaining shipments could
have a adverse effect on our operations until an alternative supplier could be found, if one may be located at all.  This
may cause us to breach our contracts and lose sales.



If our contract manufacturers
fail to meet our requirements for quality, quantity and timeliness, our business growth could be harmed.



We design and procure key components
(such as solar panels) and outsource our products to contract manufacturers. These manufacturers procure most of the raw materials
for us and provide all necessary facilities and labor to manufacture our products. If these companies are to terminate their agreements
with us without adequate notice, or fail to provide the required capacity and quality on a timely basis, we would be unable to
process and deliver our lighting products to our customers.



Our products could contain defects
or they may be installed or operated incorrectly, which could reduce sales of those products or result in claims against us.



Although we have experienced quality
control and assurance personnel and established thorough quality assurance practices to ensure good product quality, defects still
may be found in the future in our existing or future products.  End-users could lose their confidence in our products
and company when they unexpectedly use defective products. This could result in loss of revenue, loss of profit margin, or loss
of market share. Moreover, these defects could cause us to incur significant warranty, support and repair costs, and harm our relationship
with our customers.



If we are unable to recruit and
retain qualified personnel, our business could be harmed.



Our growth and success highly depend
on qualified personnel. So we are inevitable to make all efforts to recruit and retain skilled technical, sales, marketing, managerial,
manufacturing, and administrative personnel. Competitions among the industry could cause us difficultly to recruit or retain a
sufficient number of qualified technical personnel, which could harm our ability to develop new products. If we are unable to attract
and retain necessary key talents, it definitely will harm our ability to develop competitive product and keep good customers and
could adversely affect our business and operating results.



An increase in raw material prices could increase costs
and decrease profits.



Changes in the cost of raw materials
in the products we distribute could significantly increase the price of those products and affect our ability to market and distribute
them. Although the cost of methanol has traditionally been relatively stable, increased use of methanol for fuel would create increased
demand and could introduce volatility into the market for methanol. The market price for gasoline distillate is a function of the
market price of oil, which has been highly volatile in recent years. The market price of ethanol depends primarily on the availability
of feedstocks, which again has become volatile in recent years due to the heightened demand caused by the widespread acceptance
of ethanol as a fuel supplement.



Increased government regulation of our production and/or
marketing operations could diminish our profits.



The fuel production and supply business
is highly regulated. Government authorities are concerned with effect of fuel distribution on the national and local economy. To
achieve optimal availability of fuel, governments regulate many key elements of both production and distribution of fuel. Increased
government regulation may affect our business in ways that cannot be predicted at this time, potentially involving price regulation,
distribution regulation, and regulation of manufacturing processes. Any such regulation or a combination could have an adverse
effect on our profitability. The effort to obtain the registrations, licenses and permits necessary to carry out our business activities
can be daunting. Significant delays can result from the need to obtain governmental approval of our activities. These delays can
have an adverse effect on the profitability of our operations. In addition, compliance with regulatory requirements applicable
to fuel manufacturing and distribution may increase the cost of our operations, which would adversely affect our profitability.

|
|

Currency fluctuations may adversely affect our operating
results.



Company generates revenues and incurs
expenses and liabilities in foreign currency. However, it will report its financial results in the United States in U.S. Dollars.
As a result, our financial results will be subject to the effects of exchange rate fluctuations between these currencies. Any events
that result in a devaluation of the foreign currency versus the U.S. Dollar will have an adverse effect on our reported results.
We have not entered into agreements or purchased instruments to hedge our exchange rate risks.



We are not likely to hold annual shareholder meetings
in the near future.



Management does not expect to hold annual
meetings of shareholders in the near future, due to the expense involved. The current members of the Board of Directors were appointed
to that position by the previous directors. If other directors are added to the Board in the future, it is likely that the current
directors will appoint them. As a result, the shareholders of China Jianye Fuel will have no effective means of exercising control
over the operations of China Jianye Fuel.



Risks Related to our Common Stock



There is a limited market for
our common stock, which may make it difficult for you to sell your stock.



Our common stock trades on the OTC under
the symbol “AJGH.” There is a limited trading market for our common stock and there is frequently no trading in our
common stock.  As of December 31, 2013, the last reported sale price was $0.06 per share.  Accordingly, there
can be no assurance as to the liquidity of any markets that may develop for our common stock, the ability of holders of our common
stock to sell our common stock, or the prices at which holders may be able to sell our common stock.



Because our largest stockholder
owns approximately 85.5% of our common stock, she can take actions requiring stockholder consent without the approval of other
stockholders.



Our largest stockholder owns approximately
85.5% of our common stock.  Accordingly, she has the ability to elect all of our directors and to take any other action
that requires stockholder approval without consulting other stockholders and without the participation of other stockholders.  As
long as our common stock is not registered pursuant to the Securities Exchange Act, this stockholder can take action without notice
to the other stockholders until stockholder action is reported on a Form 8-K.



We do not intend to solicit stockholder
approval for any business we may engage in or acquire.



If we enter a new business or acquire
a business, the decision will be made by our directors.  We presently have one director, who would make the decision
on this matter. If stockholder approval is required under Nevada law in connection with any transaction, such approval may be obtained
by the written consent of our largest stockholder, who owns 85.5% of our outstanding common stock.



Because our common stock is a
penny stock, you may have difficulty selling them in the secondary trading market.



Federal regulations under the Securities
Exchange Act of 1934 regulate the trading of “penny stock,” which are generally defined as any security not listed
on a national securities exchange or Nasdaq, priced at less than $5.00 per share and offered by an issuer with limited net tangible
assets and revenues. Our common stock is a penny stock and may not be traded unless a disclosure schedule explaining the penny
stock market and the risks associated therewith is delivered to a potential purchaser prior to any trade.



In addition, because our common stock
is a penny stock, broker-dealers may not process trades in our stock and brokers that do permit trades in our stock must take certain
steps prior to selling a penny stock, which steps include:



| | ● | Obtaining financial and investment information from the investor;
| | - | -----------------------------------------------------------------



| | ● | Obtaining a written suitability questionnaire and purchase agreement signed by the investor; and
| | - | ------------------------------------------------------------------------------------------------



| | ● | Providing the investor a written identification of the shares being offered and the quantity of the shares.
| | - | -----------------------------------------------------------------------------------------------------------



If these penny stock rules are not followed
by the broker-dealer, the purchaser has no obligation to purchase the shares. The application of these comprehensive rules will
make it more difficult for broker-dealers to sell our common stock and our stockholders, therefore, may have difficulty in selling
their shares in the secondary trading market, and some broker-dealers will not process purchases or sales of penny stocks.



Our stock price may be volatile
and your investment in our common stock could suffer a decline in value.



As of December 31, 2014, there has only
been limited trading activity in our common stock.  There can be no assurance that a market will ever develop in our
common stock in the future.  If a market does not develop then stockholders would be unable to sell any of our common
stock likely resulting in a complete loss of any funds they invested.



Should a market develop, the price may
fluctuate significantly in response to a number of factors, many of which are beyond our control. These factors include:



|● | the market’s perception as to our ability to develop or acquire a business;
|- | ---------------------------------------------------------------------------



|● | our ability or perceived ability to obtain necessary funding for operations;
|- | ----------------------------------------------------------------------------



|● | if we do develop or acquire any business, such factors as:
|- | ----------------------------------------------------------



|o | acceptance of our products in the industry;
|- | -------------------------------------------



|o | announcements of technological innovations or new products by us or our competitors;
|- | ------------------------------------------------------------------------------------



|o | the effect of any regulatory issues relating to the business;
|- | -------------------------------------------------------------



|o | if the business is conducted in a country outside of the United States, risks associated with that country, its currency, including currency regulations, its government’s policy toward United States entities operating in the country;
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|o | government regulatory action affecting our products or our competitors’ products in both the United States and foreign countries;
|- | ---------------------------------------------------------------------------------------------------------------------------------



|o | developments or disputes concerning patent or proprietary rights;
|- | -----------------------------------------------------------------



|o | the effects of environmental conditions and regulations;
|- | --------------------------------------------------------



|o | economic conditions in the United States or abroad;
|- | ---------------------------------------------------



|o | actual or anticipated fluctuations in our operating results;
|- | ------------------------------------------------------------



|o | broad market fluctuations; and
|- | ------------------------------



|o | changes in financial estimates by securities analysts.
|- | ------------------------------------------------------



Because
we are not engaged in any business at the present time and do not have any agreements with respect to any prospective business,
we do not know the exact nature of the risks associated with any business in which we may engage.  We cannot assure you
that we will be able to adequately address these additional risks. If we were unable to do so, our operations might suffer. Additionally,
if we engage in a business or acquire a company located outside of the United States, it is likely that substantially all of our
assets would be located outside of the United States and some of our executive officers and directors might reside outside of the
United States. As a result, it may not be possible for investors in the United States to enforce their legal rights, to effect
service of process upon our directors or executive officers or to enforce judgments of United States courts predicated upon civil
liabilities and criminal penalties of our directors and executive officers under Federal securities laws.



We do not intend to pay any cash
dividends in the foreseeable future.



We have not paid any cash dividends
on our common stock and do not intend to pay cash dividends on our common stock in the foreseeable future.





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



Not applicable for smaller reporting companies.





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



Our corporate offices are located at
3F-1, No. 200, Sec. 3, Bade Rd. Songshan Dist, Taipei, Taiwan R.O.C. 0118862-2570-7766. Our company website is AJGreentech.com





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



None.



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



Not Applicable.

|
|
|

PART II



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



Market for Our Common Stock



The following table sets forth, for
the periods indicated, the high and low closing prices of our common stock. These prices reflect inter-dealer prices, without retail
mark-up, mark-down or commission, and may not represent actual transactions.



|                             |  | Closing Prices (1) |     
|---------------------------- |  | ------------------ | ----
|                             |  | High               |     
|Year Ended December 31, 2013 |  |                    |     
|1st Quarter                  |  | $                  | 0.11
|2nd Quarter                  |  | $                  | 0.08
|3rd Quarter                  |  | $                  | 0.05
|4th Quarter                  |  | $                  | 0.06
|                             |  |                    |     
|Year Ended December 31, 2012 |  |                    |     
|1st Quarter                  |  | $                  | 0.48
|2nd Quarter                  |  | $                  | 0.48
|3rd Quarter                  |  | $                  | 0.28
|4th Quarter                  |  | $                  | 0.17



|(1) | The above tables set forth the range of high and low closing prices per share of our common stock as reported by OTC Bulletin Board and the Pink Sheets, as applicable, for the periods indicated.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Approximate Number of Holders of Our Common Stock



On December 31, 2013, there were approximately 21 stockholders
of record of our common stock.



Dividend Policy



The Company has not declared or paid cash dividends or made
distributions in the past, and we do not anticipate that we will pay cash dividends or make distributions in the foreseeable future.
We currently intend to retain and reinvest future earnings, if any, to finance our operations.



Recent Sales of Unregistered Securities.



None. There is no sale of unregistered securities during
the fiscal year ending Dec 31, 2013.

|Recent Sales of Unregistered Securities
        
        On November 18, 2013, we issued 20,000,000
        shares of common stock to two investors at a purchase price of $0.005 per share, for a total of $100,000.  The funds
        were used to provide us with funds for working capital purposes.   The sale of the shares was exempt from registration
        pursuant to Regulation S of the SEC.  The two investors, who are accredited investors, were not U.S. Persons, as defined
        in Rule 902.  We did not engage any broker or investment banker and we did not pay any brokers, finders’ or placement
        fee in connection with the sale.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

Repurchase of Equity Securities.



The Company did not repurchase any of its equity securities
that were registered under Section 12 of the Securities Act during the fiscal year ending December 31, 2013.



Securities Authorized for Issuance under Equity Compensation
Plans



We currently do not have any equity compensation plans.





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



Not applicable for smaller reporting companies.





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



This Annual Report contains forward-looking
statements within the meaning of the federal securities laws. These include statements about our expectations, beliefs, intentions
or strategies for the future, which we indicate by words or phrases such as "anticipate," "expect," "intend,"
"plan," "will," "we believe," "management believes" and similar language. The forward-looking
statements are based on the current expectations of the Company and are subject to certain risks, uncertainties and assumptions,
including those set forth in the discussion under "Management's Discussion and Analysis of Financial Condition and Results
of Operations" in this report. Actual results may differ materially from results anticipated in these forward-looking statements.
We base the forward-looking statements on information currently available to us, and we assume no obligation to update them.



Investors are also advised to refer
to the information in our previous filings with the Securities and Exchange Commission (SEC), especially on Forms 10-K, 10-Q and
8-K, in which we discuss in more detail various important factors that could cause actual results to differ from expected or historic
results. It is not possible to foresee or identify all such factors. As such, investors should not consider any list of such factors
to be an exhaustive statement of all risks and uncertainties or potentially inaccurate assumptions.



Overview



AJ Greentech Holdings Ltd. through its
wholly-owned subsidiary, Jih Chih International Ltd. a corporation organized under the laws of Taiwan, The Republic of China is
engaged in the business of marketing, manufacturing and distributing of green energy.



From November 2009 until October, 2013,
through our China subsidiaries, we were engaged in design, marketing and distributing of alcohol base clean fuel which are designed
to use less fossil fuel and have less pollution than traditional fuel.



On October 31, 2013, pursuant to agreements
with one of our former directors, we transferred the stock in our China subsidiaries to the former director in exchange for cancellation
of debt totaling $240,000.  As a result of the transfer of the subsidiaries, we were no longer engaged in the China cleanfuel
business.  We transferred the stock of the China subsidiaries because we felt that, it not our best interest to continue
China cleanfuel business as a result of our decreasing revenue, continued losses and inability to raise capital for our business



On October 31, 2013, Chu Li An acquired,
for nominal consideration, 8,000,000 shares of common stock from the director who acquired the subsidiaries and 12,778,399 shares
of common stock from The Chairman, who was also a director.  On November 1, 2013, Chu Li An and the Company entered
into a loan agreement pursuant to which the Chu Li An agreed to lend us $100,000 initially with future loan amount up to $1,000,000,
for which we issued our 6% demand promissory note in the principal amount of $100,000.  The securities were issued in
Chu Li An’s name.



On November 18, 2013, we entered into
agreement pursuant to which we issued to Chu Li An and her BVI company, our sole director and chief executive officer, 180,000,000
shares of common stock, in consideration of the cancellation of debt due to Chu Li An in the amount of $180,000.



As a result of the
above transactions, we plan to focus on providing greentech products outside of China. Even though the company has disposed China
branches, the company's new management will continue to expand the current green energy and technology business in the United States
and globally, at the same time to explore many other green and renewable energy such as solar, wind power, sea power by signing
licensing agreement or joint venture with other research institutes.



Results of Operations



For the year ended December 31, 2013,
we derived our revenues of $2,051,610 from the consulting service, sales of methanol-based and ethanol based fuels to our customers,
comparing to $2,128,701 for the year ended December 31, 2012.



Our gross profit margin during the year
ended December 31, 2013 was 9.9%, comparing to 9.2% in last year. This figure represents our regular gross profit margin as a marketing
company and distributor.



Selling, general and administrative
expenses for the year ended December 31, 2013 were $148,896 or 7.3% of net sales, comparing to $156,707 or 7.4% for the last fiscal
year. Selling, general and administrative expenses consist of provision for doubtful debts, primarily of payroll, local taxes,
investor relation expenses and professional fees.



Income from operations for the year
ended December 31, 2013 was $18,258, and net income after income taxes for the same year was $18,258, comparing to $17,842 and
$14,809, respectively for the last fiscal year.





Our business operates primarily in Taiwanese
Dollars(“TWD”), but we report our results in our SEC filings in U.S. Dollars. The conversion of our accounts from TWD
to Dollars results in translation adjustments. While our net income is added to the retained earnings on our balance sheets; the
translation adjustments are added to a line item on our balance sheets labeled “accumulated other comprehensive income,”
since it is more reflective of changes in the relative values of U.S. and Taiwanese currencies than of the success of our business.
During the year ended December 31, 2013, the effect of converting our financial results to U.S. Dollars was to add $15,199 to our
accumulated other comprehensive income.

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Liquidity and Capital Resources



Our operations to date have been funded
primarily by operations, advance from our majority stockholder, CEO and Chairman and capital contributions.



At December 31, 2013 and 2012, we had
cash and cash equivalents of $140,987 and $128,662, respectively. Our cash at December 31, 2013 was increased by $12,325 from December
31, 2012.



Our current
assets at December 31, 2013 were $2,428,132, compared to $1,126,884 at December 31, 2012. This increase reflects increases in accounts
receivable of $2,187,035, inventory of $89,702, , prepaid value added taxes of $47, prepayment and other current assets of $1,561,and
partially offset by decreases in advance on purchases of $8,800.



Our current
liabilities at December 31, 2013 were $2,901,611, compared to $1,507,744 at December 31, 2012. This increase reflects an increase
in accounts payable of $1,335,276, advance from stockholder, chairman and CEO of $1,41,504 and borrowings of 1,420,732, partially
offset by decreases in tax payable of $1,952, accrued expenses and other current liabilities of $2,147 .



Our accounts
receivable, net of allowance for doubtful accounts, increased $1,249,529, mainly due to the company increased selling in Taiwan
during the year ended in December 31, 2013.



Inventories
at December 31, 2013 increased by $38,074 from December 31, 2012, which is mainly due to the company increased the selling in Taiwan,
the production raised consequently during the year ended in December 31, 2013.



Accounts payable
increased $338,098 at December 31, 2013 compared to December 31, 2012, primarily due to purchases of raw material was rising during
the year ended in December 31, 2013..





Statements
of Cash Flows

Our cash increased
$12,325 during 2013, as compared to 2012. In 2013, we used cash in the amounts of $0.85 million from our operating activities.
We obtained cash in the amount of $0.84 million in financing activities and used cash of $1 thousand from investing activities.
In 2012, we generated cash in the amount of $0.28 million in operating activities and $0.66 million in financing activities, and
we used cash in the amount of $1.2 million through investing activities.



Net Cash
Provided by (Used in) Operating Activities



In 2013, net
cash used in operating activities of $853,709 was mainly comprised of cash paid in account receivable of $1,249,529, impairment
of assets of $11,306,197, cash paid in inventories of $38,074, an increase in account payable of $338,098, an decrease in prepayments
and other current assets of $1,283, a decrease in tax payable of $1,741, an increase in advance of $55,293, and an decrease in
accrued expenses and other current liabilities of $1,123.



In 2012, net
cash obtained in operating activities of $280,231 was mainly comprised of cash used in account receivable of $779,135, cash used
in inventories of $51,628, a increase in account payable of $994,540, an decrease in prepayments and other current assets of $4,776,
a decrease in tax payable of $430, an increase in advance of $86,211, and a decrease in accrued expenses and other current liabilities
of $808.

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Cash
Used in Investing Activities



In 2013, cash
outflow from investing activities of $1147 was due to made towards property and equipment.



In 2012, cash
used in investing activities of $1,156,504 was due to payment made towards PPE.



Cash
Provided by Financing Activities



In 2013, cash
generation in financing activities of $837,732 consisted of issuance of common stock of $152,000, new borrowings of $1,003,340,
and long term debt repayment of $317,608.



In 2012, cash
provided in financing activities of $662,346 consisted of issuance of common stock of $172,000, increase in long term debt of $412,800,
borrowing of $206,400, long term debt repayment of $115,415, dividends payment of $7,532, and other payment of $5,907.



Off-Balance Sheet Arrangements



We do not have any off-balance sheet arrangements that have
or are reasonably likely to have a current or future effect on our financial condition or results of operations.



Critical Accounting Policies and Estimates



This discussion and analysis of our
financial condition and results of operations are based on our financial statements that have been prepared under accounting principle
generally accepted in the United States of America. The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.



A summary of significant accounting
policies is included in Note 2 to the consolidated financial statements included in this Annual Report. Of these policies, we believe
that the following items are the most critical in preparing our financial statements.



Accounts Receivable and Allowance
for Doubtful Accounts



Accounts receivable are recorded at
the invoiced amount, net of an allowance for doubtful accounts. The Company follows paragraph 310-10-50-9 of the FASB Accounting
Standards Codification to estimate the allowance for doubtful accounts. The Company performs on-going credit evaluations of its
customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined
by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off
experience, customer specific facts and economic conditions.



Outstanding account balances are reviewed
individually for collectability. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable
credit losses in the Company’s existing accounts receivable. Bad debt expense is included in general and administrative expenses,
if any. Pursuant to paragraph 310-10-50-2 of the FASB Accounting Standards Codification account balances are charged off against
the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company
has adopted paragraph 310-10-50-6 of the FASB Accounting Standards Codification and determine when receivables are past due or
delinquent based on how recently payments have been received.



Inventories



The Company values inventories, consisting
of raw materials, packaging material and finished goods, at the lower of cost or market. Cost is determined on the first-in and
first-out (“FIFO”) method for raw materials and packaging materials and the weighted average cost method for finished
goods. Cost of finished goods comprises direct labor, direct materials, direct production cost and an allocated portion of production
overhead. The Company reduces inventories for the diminution of value, resulting from product obsolescence, damage or other issues
affecting marketability, equal to the difference between the cost of the inventory and its estimated market value. Factors utilized
in the determination of estimated market value include (i) current sales data and historical return rates, (ii) estimates of future
demand, (iii) competitive pricing pressures, (iv) new product introductions, (v) product expiration dates, and (vi) component and
packaging obsolescence.

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The Company evaluates its current level
of inventories considering historical sales and other factors and, based on this evaluation, classify inventory markdowns in the
income statement as a component of cost of goods sold pursuant to Paragraph 420-10-S99 of the FASB Accounting Standards Codification
to adjust inventories to net realizable value. These markdowns are estimates, which could vary significantly from actual requirements
if future economic conditions, customer demand or competition differ from expectations. Other significant estimates include the
allocation of variable and fixed production overheads. While variable production overheads are allocated to each unit of production
on the basis of actual use of production facilities, the allocation of fixed production overhead to the costs of conversion is
based on the normal capacity of the Company’s production facilities, and recognizes abnormal idle facility expenses as current
period charges. Certain costs, including categories of indirect materials, indirect labor and other indirect manufacturing costs
which are included in the overhead pools are estimated. The management of the Company determines its normal capacity based upon
the amount of operating hours of the manufacturing machinery and equipment in a reporting period.



Revenue Recognition

The Company applies paragraph 605-10-S99-1
of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable
and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive
evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii)
the sales price is fixed or determinable, and (iv) collectability is reasonably assured.



The Company derives its revenues from
sales contracts with customers with revenues being generated upon the shipment of merchandise. Persuasive evidence of an arrangement
is demonstrated via sales invoice or contract; product delivery is evidenced by warehouse shipping log as well as a signed acknowledgement
of receipt from the customers or a signed bill of lading from the third party trucking company and title
transfers upon shipment, based on free on board (“FOB”) warehouse terms; the sales price to the customer is
fixed upon acceptance of the signed purchase order or contract and there is no separate sales rebate, discount, or volume incentive.
When the Company recognizes revenue, no provisions are made for returns because, historically, there
have been very few sales returns and adjustments that have impacted the ultimate collection of revenues.



The Company markets and distributes
ethanol and methanol based alternative fuel for automobile use and follows Section 605-45-45 (formerly EITF 99-19) (“ASC
Section 605-45-45”) of the FASB Accounting Standards Codification for revenue recognition to report revenue gross as a principal
for its sales since the Company (1) acts as principal in the transaction, (2) takes title to the products, (3) has risks and rewards
of ownership, such as the risk of loss for collection, delivery, or returns, and (4) does not act as an agent or broker (including
performing services, in substance, as an agent or broker) with compensation on a commission or fee basis on its sales. The management
of the Company determined that the Company should report revenue based on the gross amount billed to a customer when considering
each of the following eight (8) indicators of gross revenue reporting listed in ASC Paragraph 605-45-45-4 through 605-45-45-14
as specified (1) The entity is the primary obligor in the arrangement — The Company signs a product sales agreement with
its customer and represents in writing that the Company is responsible for fulfillment, including the acceptability of the product(s)
or service(s) ordered or purchased by the customer; (2) The entity has general inventory risk (before customer order is placed
or upon customer return); (3) The entity has latitude in establishing price — The Company has reasonable latitude, within
economic constraints, to establish the exchange price with a customer for the product or service; (4) The entity changes the product
or performs part of the service — The Company developed a method for blending the raw materials in its manufacturing process,
through its proprietary technology, catalysts can be mixed with fuel and alcohols to become a finished product to be sold after
pumping and piping; (5) The entity has discretion in supplier selection — The Company has multiple suppliers for the products
ordered by a customer and discretion to select the supplier that will provide the product(s) or service(s) ordered by a customer;
(6) The entity is involved in the determination of product or service specifications — The Company determines the nature,
type, characteristics, or specifications of the product(s) or service(s) ordered by the customer; (7) The entity has physical loss
inventory risk of purchased inventories after customer order; and (8) The entity has credit risk — The Company is responsible
for collecting the sales price from its customer but must pay the amount owed to its supplier after the supplier performs, regardless
of whether the sales price is fully collected.

Net sales of products represent
the invoiced value of goods, net of value added taxes (“VAT”). The Company is subject to VAT which is levied on all
of the Company’s products at the rate of 17% on the invoiced value of sales. Sales or Output VAT is borne by customers in
addition to the invoiced value of sales and Purchase or Input VAT is borne by the Company in addition to the invoiced value of
purchases to the extent not refunded for export sales.

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Foreign Currency Translation

The Company follows Section 830-10-45
of the FASB Accounting Standards Codification (“Section 830-10-45”) for foreign currency translation to translate the
financial statements of the foreign subsidiary from the functional currency, generally the local currency, into U.S. Dollars. Section
830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity (including
of a foreign entity in a highly inflationary economy), re-measures the books of record (if necessary), and characterizes transaction
gains and losses. the assets, liabilities, and operations of a foreign entity shall be measured using the functional currency of
that entity. An entity’s functional currency is the currency of the primary economic environment in which the entity operates;
normally, that is the currency of the environment, or local currency, in which an entity primarily generates and expends cash.



The functional currency of each foreign
subsidiary is determined based on management’s judgment and involves consideration of all relevant economic facts and circumstances
affecting the subsidiary. Generally, the currency in which the subsidiary transacts a majority of its transactions, including billings,
financing, payroll and other expenditures, would be considered the functional currency, but any dependency upon the parent and
the nature of the subsidiary’s operations must also be considered. If a subsidiary’s functional currency is deemed
to be the local currency, then any gain or loss associated with the translation of that subsidiary’s financial statements
is included in accumulated other comprehensive income. However, if the functional currency is deemed to be the U.S. Dollar, then
any gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency
would be included in the consolidated statements of income and comprehensive income (loss). If the Company disposes of foreign
subsidiaries, then any cumulative translation gains or losses would be recorded into the consolidated statements of income and
comprehensive income (loss). If the Company determines that there has been a change in the functional currency of a subsidiary
to the U.S. Dollar, any translation gains or losses arising after the date of change would be included within the statement of
income and comprehensive income (loss).



Based on an assessment of the factors
discussed above, the management of the Company determined the relevant subsidiaries’ local currencies to be their respective
functional currencies.



The financial records of the Company's
Chinese operating subsidiaries are maintained in their local currency, the Renminbi (“RMB”), which is the functional
currency. Assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange
rate prevailing at the balance sheet date. Revenues and expenses are translated at weighted average exchange rates for the period
to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial
statements. Foreign currency translation gain (loss) resulting from the process of translating the local currency financial statements
into U.S. dollars are included in determining accumulated other comprehensive income in the consolidated statement of stockholders’
equity.



RMB is not a fully convertible currency.
All foreign exchange transactions involving RMB must take place either through the People’s Bank of China (the “PBOC”)
or other institutions authorized to buy and sell foreign exchange. The exchange rate adopted for the foreign exchange transactions
are the rates of exchange quoted by the PBOC. Commencing July 21, 2005, China adopted a managed floating exchange rate regime based
on market demand and supply with reference to a basket of currencies. The exchange rate of the US dollar against the RMB was adjusted
from approximately RMB 8.28 per U.S. dollar to approximately RMB 8.11 per U.S. dollar on July 21, 2005. Since then, the PBOC administers
and regulates the exchange rate of the U.S. dollar against the RMB taking into account demand and supply of RMB, as well as domestic
and foreign economic and financial conditions.



Equity Instruments Issued to Parties
Other Than Employees for Acquiring Goods or Services



The Company accounts for equity instruments
issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting
Standards Codification (“Sub-topic 505-50”).



Pursuant to Section 505-50-30, all transactions
in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the
fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance
is complete or the date on which it is probable that performance will occur.

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The fair value of option or warrant
award is estimated on the date of grant using a Black-Scholes option-pricing valuation model. The ranges of assumptions for inputs
are as follows:



|[ ] | Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2 of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder’s expected exercise behavior into the fair value (or calculated value) of the instruments. The Company uses historical data to estimate holder’s expected exercise behavior. The contractual term of share options or similar instruments is used as expected term of share options or similar instruments for the Company if it is a newly formed corporation.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|[ ] | Expected volatility of the entity’s shares and the method used to estimate it. An entity that uses a method that employs different volatilities during the contractual term shall disclose the range of expected volatilities used and the weighted-average expected volatility. A thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index. The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility. If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|[ ] | Expected annual rate of quarterly dividends. An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends. The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected contractual life of the option and similar instruments.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|[ ] | Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the contractual life of the option and similar instruments.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Pursuant to ASC paragraph 505-50-25-7,
if fully vested, nonforfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods
or services (no specific performance is required by the grantee to retain those equity instruments), then, because of the elimination
of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached. A grantor
shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether the corresponding
cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity under the requirements
of paragraph 505-50-45-1) depends on the specific facts and circumstances. Pursuant to ASC paragraph 505-50-45-1, a grantor may
conclude that an asset (other than a note or a receivable) has been received in return for fully vested, nonforfeitable equity
instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services (and no specific
performance is required by the grantee in order to retain those equity instruments). Such an asset shall not be displayed as contra-equity
by the grantor of the equity instruments. The transferability (or lack thereof) of the equity instruments shall not affect the
balance sheet display of the asset. This guidance is limited to transactions in which equity instruments are transferred to other
than employees in exchange for goods or services. Section 505-50-30 provides guidance on the determination of the measurement date
for transactions that are within the scope of this Subtopic.



Pursuant to Paragraphs 505-50-25-8 and
505-50-25-9, an entity may grant fully vested, nonforfeitable equity instruments that are exercisable by the grantee only after
a specified period of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance
conditions. Any measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity
had paid cash for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity instruments.
A recognized asset, expense, or sales discount shall not be reversed if a stock option that the counterparty has the right to exercise
expires unexercised.



Pursuant to paragraph 505-50-30-S99-1,
if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity
instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are
not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should
be recorded.



Most Recent accounting pronouncements



Refer to note 2 in the accompanying
consolidated financial statements.

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Impact of Most Recent Accounting Pronouncements



There were no recent accounting pronouncements that have
had a material effect on the Company’s financial position or results of operations.





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



Not required for smaller reporting companies.





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



Consolidated Financial Statements



The full text of our audited consolidated financial statements
as of December 31, 2012, and 2011 begins on page F-1 of this Report.





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



The Company changes auditors in March
2013 and September of 2013. Please refer to 8-K dated March ,7 2013 and 8-K dated September 10, 2013.





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



Evaluation of disclosure controls and procedures.



The Company maintains a set of disclosure
controls and procedures designed to ensure that information required to be disclosed by the Company in the reports filed under
the Securities Exchange Act, is recorded, processed, summarized and reported within the time periods specified by the SEC's rules
and forms. Disclosure controls are also designed with the objective of ensuring that this information is accumulated and communicated
to the Company's management, including the Company's chief executive officer and chief financial officer, as appropriate, to allow
timely decisions regarding required disclosure.



During the course of internal evaluation,
following control weaknesses are noted for the fiscal year ended December 31, 2013 that required correction:



•no independent director exists in the Board of Directors, and the directors have a little understanding about U.S. GAAP and Sarbanes-Oxley
Act 404 requirements in 2013. The Company plans to have corrected this deficiency in 2014.



Based upon their evaluation as of the
end of the period covered by this annual report, the Company's chief executive officer and chief financial officer concluded that,
due to the significant deficiencies in internal control over financial reporting described below, the Company's disclosure controls
and procedures are not effective as of December 31, 2013.



Changes in internal controls.



|The term “internal control over financial reporting” (defined in SEC Rule 13a-15(f)) refers to the process of a company that is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated any changes in the Company’s internal control over financial reporting that occurred during the fourth quarter of the year covered by this annual report, and they have concluded that there was no change to the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

Management's Report on Internal Control over Financial
Reporting.



Our management is responsible for establishing
and maintaining adequate internal control over financial reporting for the company in accordance with as defined in Rules 13a-15(f)
and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance
regarding the (i) effectiveness and efficiency of operations, (ii) reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles, and (iii) compliance with applicable
laws and regulations. Our internal controls framework is based on the criteria set forth in the Internal Control - Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).



Due to inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies and procedures may deteriorate.



A material weakness in internal controls
is a deficiency in internal control, or combination of control deficiencies, that adversely affects the Company’s ability
to initiate, authorize, record, process, or report external financial data reliably in accordance with accounting principles generally
accepted in the United States of America such that there is more than a remote likelihood that a material misstatement of the Company’s
annual or interim financial statements that is more than inconsequential will not be prevented or detected. In the course of making
our assessment of the effectiveness of internal controls over financial reporting, we identified some material weaknesses in our
internal control over financial reporting.



We lack sufficient personnel with the
appropriate level of knowledge, experience and training in the application of accounting operations of our company. This weakness
causes us to not fully identify and resolve accounting and disclosure issues that could lead to a failure to perform timely internal
control and reviews.



Management is currently reviewing its
staffing and systems in order to remedy the weaknesses identified in this assessment. However, because of the above condition,
management’s assessment is that the Company’s internal controls over financial reporting were not effective as of December
31, 2013. Additionally, the Registrant’s management has concluded that the Registrant has a material weakness associated
with its U.S. GAAP expertise.



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 by the Company’s 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.





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



None.

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AJ Greentech Holdings, Ltd. and Subsidiary

December 31, 2013 and 2012

Index to the consolidated financial
statements



|Contents                                                                                    | Page(s)
|------------------------------------------------------------------------------------------- | -------
|Report of Independent Registered Public Accounting Firm                                     | F-2    
|Report of Independent Registered Public Accounting Firm                                     | F-3    
|Consolidated Balance Sheets                                                                 | F-4    
|Consolidated Statements of Income and Comprehensive Income                                  | F-5    
|Consolidated Statement of Stockholders’ Equity                                              | F-6    
|Consolidated Statements of Cash Flows                                                       | F-7    
|Notes to the Consolidated Financial Statements                                              | F-8    
|Schedule:                                                                                   |        
|Schedule II Valuation and Qualifying Accounts for the year ended December 31, 2013 and 2012 | F-24   





|
|

Canuswa Accounting & Tax Services
Inc.

1050 Larrabee Ave., Suite 104-314, Bellingham,
WA 98225

1172 Murphy Ave., Suite 204, San Jose,
CA 95131

U.S.A.

Tel: (415)329-5779     E-mail:
zjcpa@canuswa.com





REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM









To the Board of Directors and Stockholders
Inc.



We have audited the accompanying balance sheet
of AJ Greentech Holdings Ltd. as of December 31, 2013 and 2012 and the related statements of operation, changes in shareholders’
deficit and cash flows for the year then ended. These financial statements are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these financial statements based on our audit.

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

In our opinion, the financial statements
referred to above present fairly, in all material respects, the financial position of  AJ Greentech Holdings Ltd. as of December
31, 2013 and 2012  and the results of its operation and its cash flows for the years then ended in conformity with U.S.
generally accepted accounting principles.





/s/ Canuswa Accounting & Tax Services Inc.



Bellingham, Washington 98225

July 10, 2014



















F-1



Report of Independent Registered Public
Accounting Firm



|AJ Greentech Holdings, Ltd. and Subsidiaries  
|----------------------------------------------
|Consolidated Balance Sheets                   
|                                              
|                                              
|                                              
|ASSETS                                        
|CURRENT ASSETS:                               
|Cash                                          
|Accounts receivable                           
|Inventories                                   
|Advance on purchases                          
|Prepaid value added taxes                     
|Prepaid corp. income taxes                    
|Prepayments and other current assets          
|Total Current Assets                          
|PROPERTY, PLANT AND EQUIPMENT                 
|Property, plant and equipment                 
|Accumulated depreciation                      
|PROPERTY, PLANT AND EQUIPMENT, net            
|ASSETS HELD FOR SALE                          
|Assets held for sale                          
|Impairment allowance                          
|ASSETS HELD FOR SALE ,net                     
|LAND USE RIGHT                                
|Land use right-deposit                        
|Accumulated amortization                      
|LAND USE RIGHT                                
|SOFTWARE, net                                 
|OTHER ASSETS                                  
|Total Assets                                  
|LIABILITIES AND STOCKHOLDERS' EQUITY          
|CURRENT LIABILITIES:                          
|Borrowings                                    
|Accounts payable                              
|Advances from related parties                 
|Advances from Stockholder, Chairman and CEO   
|Taxes payable                                 
|Accrued expenses and other current liabilities
|Total Current Liabilities                     
|Long  Term  Debt                              
|                                              
|Total Liabilities                             
|COMMITMENTS AND CONTINGENCIES                 
|STOCKHOLDERS' EQUITY:                         
|Common stock:                                 
|Accumulated deficit                           
|Additional paid-in capital                    
|Retained earnings                             
|Accumulated other comprehensive income:       
|Foreign currency translation gain(loss)       
|Total Stockholders' Equity                    
|Total Liabilities and Stockholders' Equity    



See accompanying notes to the
consolidated financial statements.

F-2

|AJ Greentech Holdings, Ltd. and Subsidiaries                  
|--------------------------------------------------------------
|Consolidated Statements of Operations and Comprehensive Income
|                                                              
|                                                              
|NET REVENUES                                                  
|COST OF GOODS SOLD                                            
|GROSS PROFIT                                                  
|OPERATING EXPENSES:                                           
|Selling and general and administrative expenses               
|Total operating expenses                                      
|Income  from  interest                                        
|Interest  Expense                                             
|Other Income (expenses)                                       
|INCOME BEFORE INCOME TAXES                                    
|INCOME TAX PROVISION                                          
|Loss from operation of the entities spun off                  
|NET INCOME (LOSS)                                             
|OTHER COMPREHENSIVE INCOME:                                   
|Foreign currency translation gain                             
|COMPREHENSIVE INCOME                                          
|NET INCOME (LOSS) PER COMMON SHARE - BASIC AND DILUTED:       
|Net loss per common share - basic and diluted                 
|Weighted Average Common Shares Outstanding - basic and diluted



See accompanying notes to the consolidated
financial statements.

F-3



|AJ Greentech Holdings, Ltd. and Subsidiaries                           
|-----------------------------------------------------------------------
|Consolidated Statement of Stockholders’ Equity                         
|For the Year Ended December 31, 2013 and 2012                          
|                                                                       
|                                                                       
|Balance, December 31, 2011                                             
|Balance,
    December 31, 2012                                         
|Issuance of common stock for debt cancellation of $180000, Nov. 18 2013
|Issuance of common shares for cash at $0.005 per share, Nov. 18  2013  
|Net income/loss                                                        
|Foreign currency translation gain                                      
|Foreign currency translation loss                                      
|Accumulated Surplus/Deficit                                            
|Balance, December 31, 2013                                             



See accompanying notes to the
consolidated financial statements.

F-4

|AJ Greentech Holdings, Ltd. and Subsidiaries                   
|---------------------------------------------------------------
|Consolidated Statements of Cash Flows                          
|                                                               
|                                                               
|Operating  Activities,  Cash  Flows Provided By or Used  In    
|Net  Income (Loss)                                             
|Adjustments  To  Net  Income                                   
|Loss
    from operations of the entities spun off              
|Depreciation                                                   
|Amortisation                                                   
|Loss on sale of PPE                                            
|Interest Received                                              
|Changes   In operating assets and liabilities                  
|Accounts  Receivables                                          
|Inventories                                                    
|Prepayments                                                    
|Other Current Assets                                           
|Accrued Expenses and Other Current Liabilities                 
|Accounts Payables                                              
|Tax Payables                                                   
|Advances                                                       
|Total  Cash  Flow  From  Operating  Activities                 
|Investing  Activities,  Cash  Flows  Provided  By  or  Used  In
|Purchase of PPE                                                
|Decrease in Other Assets                                       
|Loss on sale of PPE                                            
|Other asset                                                    
|Interest received                                              
|Total  Cash  Flows  From  Investing  Activities                
|Financing Activities,  Cash Flows Provided By or Used In       
|Issue common stock                                             
|Long term debt repayment                                       
|Increase
    in additional paid-in capital                     
|Increase in long term debt                                     
|Net  Borrowings                                                
|Dividends paid                                                 
|Other Cash  Flows   from  Financing  Activities                
|Total  Cash  Flows From  Financing  Activities                 
|Effect  Of   Exchange  Rate  Changes                           
|Change  In  Cash and Cash Equivalents                          
|Cash at beginning of the period                                
|Cash at end of the period                                      
|SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:             
|                                                               
|                                                               
|                                                               





AJ Greentech Holdings, Ltd. and Subsidiaries

December 31, 2013and 2012

Notes to the Consolidated Financial Statements



Note
1 – Organization and Operations



AJ Greentech Holdings Ltd. is a Nevada
corporation incorporated on August 30, 2006, under the name Gateway Certifications, Inc.  On Novermber 16, 2009, our
corporate name was changed to American Jianye Greentech Holdings, Ltd. and on February 13, 2014, our corporate name was changed
to AJ Greentech Holdings, Ltd.



AJ Greentech Holdings Ltd. through its
wholly-owned subsidiary, Jih Chih International Ltd. a corporation organized under the laws of Taiwan, The Republic of China is
engaged in the business of marketing, manufacturing and distributing of green energy.



From November 2009 until October, 2013,
through our China subsidiaries, we were engaged in design, marketing and distributing of alcohol base clean fuel which are designed
to use less fossil fuel and have less pollution than traditional fuel.



On October 31, 2013, pursuant to agreements
with one of our former directors, we transferred the stock in our China subsidiaries to the former director in exchange for cancellation
of debt totaling $240,000.  As a result of the transfer of the subsidiaries, we were no longer engaged in the China cleanfuel
business.  We transferred the stock of the China subsidiaries because we felt that, it not our best interest to continue
China cleanfuel business as a result of our decreasing revenue, continued losses and inability to raise capital for our business



On October 31, 2013, Chu Li An acquired,
for nominal consideration, 8,000,000 shares of common stock from the director who acquired the subsidiaries and 12,778,399 shares
of common stock from The Chairman, who was also a director.  On November 1, 2013, Chu Li An and the Company entered
into a loan agreement pursuant to which the Chu Li An agreed to lend us $100,000 initially with future loan amount up to $1,000,000,
for which we issued our 6% demand promissory note in the principal amount of $100,000.  The securities were issued in
Chu Li An’s name.



On November 18, 2013, we entered into
agreement pursuant to which we issued to Chu Li An and her BVI company, our sole director and chief executive officer, 180,000,000
shares of common stock, in consideration of the cancellation of debt due to Chu Li An in the amount of $180,000.





NOTE 2 – SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES



Use of Estimates



The preparation of consolidated financial
statements in conformity with accounting principles generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management
makes these estimates using the best information available at the time the estimates are made. However, actual results could differ
materially from those results.



Segment Information



ASC 280 requires companies to report
information about operating segment in interim and annual financial statements. It also requires segment disclosures about products
and services geographic and major customers. The Company has determined that it does not have any separately reportable operating
segments.



Revenue Recognition



The Company’s revenue recognition
policies are in compliance with ASC 605 (Originally issued as Staff Accounting Bulletin (SAB) 104). Revenue is recognized at the
date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed,
no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of
the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.   Discounts provided
to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Sales taxes are
not recorded as a component of sales.





Fair Value of Financial Instruments



The fair values of the Company’s
accrued expenses and other current liabilities approximate their carrying values due to the relatively short maturities of these
instruments. The carrying value of the Company’s short and long term debt approximates fair value based on management’s
best estimate of the interest rates that would be available for similar debt obligations having similar terms at the balance sheet
date.



Impairment of Long-Lived Assets



The Company accounts for the impairment
and disposition of long-lived assets in accordance with ASC 360, Property, Plant and Equipment. The Company periodically evaluates
long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not
be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset were less
than the carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value.



The assumptions used by management in
determining the future cash flows are critical. In the event these expected cash flows are not realized, future impairment losses
may be recorded.



Income Taxes



The Company accounts for income taxes
in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based
on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted
tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the
change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management,
it is more likely than not that some or all of any deferred tax assets will not be realized.



The Company adopted ASC 740-10-25, Income
Taxes- Overall-Recognition, on January 1, 2007, which provides criteria for the recognition, measurement, presentation and disclosure
of uncertain tax position. The Company must recognize the tax benefit from an uncertain tax position only if it is more likely
than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the
position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit
that has a greater than 50% likelihood of being realized upon ultimate resolution. The Company did not recognize any additional
liabilities for uncertain tax positions as a result of the implementation of ASC 740-10-25.



Net Loss per Share



The Company calculates its basic and
diluted earnings per share in accordance with ASC 260. Basic earnings per share are calculated by dividing net income by the weighted
average number of common shares outstanding for the period. Diluted earnings per share are calculated by adjusting the weighted
average outstanding shares to assume conversion of all potentially dilutive warrants and options and convertible securities. Because
the Company incurred losses for the year ended February 28, 2013, the number of basic and diluted shares of common stock is the
same since any effect from outstanding warrants would be anti-dilutive.



Gain (Loss) on Exchange



Foreign-currency transactions, which
related to the operations of the spun-off entities, are recorded in New Taiwan dollars (“NTD”) at the rates of exchange
in effect when the transactions occur. Gains or losses resulting from the application of different foreign exchange rates when
cash in foreign currency is converted into NTD, or when foreign-currency receivables or payables are settled, are credited or charged
to income in the year of conversion or settlement. On the balance sheet dates, the balances of foreign-currency assets and liabilities
are restated at the prevailing exchange rates and the resulting differences are charged to current income.



Translation Adjustment



The Company’s financial statements
are presented in the U.S. dollar ($), which is the Company’s reporting and functional currency. The functional currency of
the Company’s subsidiaries is TWD. Transactions in foreign currencies are initially recorded at the functional currency rate
prevailing at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded
as a gain or loss on foreign currency transaction in the consolidated statements of operations. Monetary assets and liabilities
denominated in foreign currency are translated at the functional currency rate of exchange prevailing at the balance sheet date.
Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of operations.





In accordance with ASC 830, Foreign
Currency Matters, the Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing
at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting
period. Adjustments resulting from the translation from TWD into U.S. dollar are recorded in stockholders’ equity as part
of accumulated other comprehensive income. The exchange rates used for interim financial statements in accordance with ASC 830,
Foreign Currency Matters, are as follows:



|Average Rate for the year |  | December 31, 2012 |        
|------------------------- |  | ----------------- | -------
|Taiwan dollar (TWD)       |  | TWD               | 29.7100
|United States dollar ($)  |  | $                 | 1.00000
|                          |  |                   |        
|Exchange Rate at          |  | December 31, 2013 |        
|Taiwan dollar (TWD)       |  | TWD               | 29.9750
|United States dollar ($)  |  | $                 | 1.0000 
|                          |  |                   |        



Comprehensive Income (Loss)



Comprehensive income (loss) includes
accumulated foreign currency translation gains and losses with respect to the spun-off entities.





Recently
Issued Accounting Pronouncements



FASB Accounting Standards
Update No. 2011-05



In June 2011, the FASB issued
the FASB Accounting Standards Update No. 2011-05 “Comprehensive Income” (“ASU 2011-05”),whichwas the result of a joint project with the IASB and amends the guidance in ASC 220, Comprehensive Income,by
eliminating the option to present components of other comprehensive income (OCI) in the statement of stockholders’ equity.
Instead, the new guidance now gives entities the option to present all non-owner changes in stockholders’ equity either as
a single continuous statement of comprehensive income or as two separate but consecutive statements. Regardless of whether an entity
chooses to present comprehensive income in a single continuous statement or in two separate but consecutive statements, the amendments
require entities to present all reclassification adjustments from OCI to net income on the face of the statement of comprehensive
income.



The amendments in this Update
should be applied retrospectively and are effective for public entity for fiscal years, and interim periods within those years,
beginning after December 15, 2011.



FASB Accounting Standards
Update No. 2011-08



In September 2011, the FASB
issued the FASB Accounting Standards Update No. 2011-08 “Intangibles—Goodwill and Other: Testing Goodwill for Impairment”
(“ASU 2011-08”).This Update is to simplify how public and nonpublic entities test goodwill for impairment. The
amendments permit an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value
of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step
goodwill impairment test described in Topic 350. Under the amendments in this Update, an entity is not required to calculate the
fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its
carrying amount.



The guidance is effective for
interim and annual periods beginning on or after December 15, 2011. Early adoption is permitted.



FASB Accounting Standards
Update No. 2011-10



In December 2011, the FASB
issued the FASB Accounting Standards Update No. 2011-10 “Property, Plant and Equipment: Derecognition of in Substance
Real Estate-a Scope Clarification” (“ASU 2011-09”).This Update is to resolve the diversity in practice as
to how financial statements have been reflecting circumstances when parent company reporting entities cease to have controlling
financial interests in subsidiaries that are in substance real estate, where the situation arises as a result of default on nonrecourse
debt of the subsidiaries.



The amended guidance is effective
for annual reporting periods ending after June 15, 2012for public entities. Early adoption is
permitted.



FASB Accounting Standards
Update No. 2011-11



In December 2011, the FASB
issued the FASB Accounting Standards Update No. 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities”
(“ASU 2011-11”). This Update requires an entity to disclose information about offsetting and related arrangements
to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective
of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S.
GAAP and those entities that prepare their financial statements on the basis of IFRS.



The amended guidance is effective
for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods.



FASB Accounting Standards
Update No. 2012-12

On July 27, 2012, the FASB
issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment.
The ASU provides entities with an option to first assess qualitative factors to determine whether events or circumstances indicate
that it is more likely than not that the indefinite-lived intangible asset is impaired. If an entity concludes that it is more
than 50% likely that an indefinite-lived intangible asset is not impaired, no further analysis is required. However, if an entity
concludes otherwise, it would be required to determine the fair value of the indefinite-lived intangible asset to measure the amount
of actual impairment, if any, as currently required under US GAAP. The ASU is effective for annual and interim impairment tests
performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this pronouncement
will not have a material impact on its financial statements.



In October, 2012, the FASB
issued ASU No. 2012-04, “Technical Corrections and Improvements” (“ASU 2012-04”). The amendments cover
a wide range of topics in the FASB ASC. The amendments are incorporated into two sections:



a. Technical corrections
and improvements, and b. Conforming amendments related to fair value measurements.

| | a. | The amendments in the technical corrections and improvements section are categorized as follows:
| | -- | ------------------------------------------------------------------------------------------------



| | • | Source literature amendments. These amendments are considered necessary due to differences between source literature and the FASB ASC. The amendments primarily carry forward legacy document guidance and/or subsequent amendments into the FASB ASC. Often, either writing style or phrasing in the legacy documents did not directly relate to the FASB ASC format and style so that the meaning of certain guidance might have been unintentionally altered.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | • | Guidance clarification and reference corrections. These amendments include updated wording or corrected references, or a combination of both.                                                                                                                                                                                                                                                                                                                   
| | • | Relocated guidance. These amendments primarily move authoritative literature guidance from one location to another location that is deemed more appropriate within the FASB ASC.                                                                                                                                                                                                                                                                                



| | b. | On the fair value measurements issue, the guidance in ASU 2012-04 identifies when the use of the term “fair value” should be linked to the definition of fair value included in FASB ASC 820, entitled Fair Value Measurement. Most of the amendments are of a nonsubstantive nature. Many of the amendments relate to conforming wording to be consistent with the terminology in FASB ASC 820 for example, references to market value and current market value have been changed to appropriately refer to fair value so that the literature is consistent throughout.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



In October 2012, the FASB issued ASU
No. 2012-06, “Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted
Acquisition of a Financial Institution” (“ASU 2012-06”). This amendment requires that indemnification assets
recognized in accordance with Subtopic 805-20, Business Combinations—Identifiable Assets and Liabilities, and Any Noncontrolling
Interest, as a result of a government-assisted acquisition of a financial institution involving an indemnification agreement should
be subsequently measured on the same basis as the asset subject to indemnification. For public and nonpublic entities, the amendments
in this Update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012.
Management does not expect the adoption of this standard has a significant effect on the Company’s consolidated financial
position or results of operations.



As of December 31, 2012, there are no other recently issued
accounting standards not yet adopted that would have a material effect on the Company’s consolidated financial statements.



In January 2013, the FASB issued ASU
No. 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”).
The Update clarifies that ordinary trade receivables and receivables are not in the scope of Accounting Standards Update No. 2011-11,
Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. Specifically, Update 2011-11 applies only to derivatives,
repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either
offset in accordance with specific criteria contained in FASB Accounting Standards Codification® or subject to a master netting
arrangement or similar agreement. The amendments in this Update are effective for fiscal years, and interim periods within those
years, beginning on or after January 1, 2013. Management does not expect the adoption of this standard has a significant effect
on the Company’s consolidated financial position or results of operations.



For public entities, the amendments
that are subject to the transition guidance is effective for fiscal periods beginning after December 15, 2012. Management does
not expect the adoption of this standard has a significant effect on the Company’s consolidated financial position or results
of operations.



Other Recently
Issued, but Not Yet Effective Accounting Pronouncements

Management does not believe
that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the
accompanying consolidated financial statements.





Note
3 – Accounts Receivable



Accounts receivable at December 31,
2013 and 2012 consisted of the following:

|                                |  | December 31, 2013 |           | December 31, 2012
|------------------------------- |  | ----------------- | --------- | -----------------
|Accounts receivable             |  | $                 | 2,187,035 |                  
|Allowance for doubtful accounts |  |                   |           |                  
|                                |  |                   |           |                  
|                                |  | $                 | 2,187,035 |                  



Note
4 – Property, Plant and Equipment



Property, plant and equipment, stated
at cost, less accumulated depreciation at December 31, 2013 and 2012consisted of the following:

|                               |  |   | December
                                                                                                                  31, 2013 |  |  |   | December
                                                                                                                  31, 2012 | 
|------------------------------ |  | - | ----------------------------------------------------------------------------------------------------------------------------------- |  |  | - | ----------------------------------------------------------------------------------------------------------------------------------- | 
|Land                           |  | $ | 774,685                                                                                                                             |  |  | $ | 797,879                                                                                                                             | 
|Buildings                      |  |   | 380,224                                                                                                                             |  |  |   | 391,608                                                                                                                             | 
|Equipments                     |  |   | 74,324                                                                                                                              |  |  |   | 81,813                                                                                                                              | 
|Other                          |  |   |                                                                                                                                     |  |  |   | 16,409                                                                                                                              | 
|                               |  |   | 1,229,233                                                                                                                           |  |  |   | 1,287,709                                                                                                                           | 
|Less: Accumulated depreciation |  |   | 71,318                                                                                                                              |  |  |   | 74,062                                                                                                                              | 
|Total                          |  | $ | 1,157,915                                                                                                                           |  |  | $ | 1,213,647                                                                                                                           | 



NOTE 5- PREPAYMENTS
AND OTHER RECEIVABLES





|                      |  |   | December
                                                          31, 2013 |  |  |   | December
                                                          31, 2012 | 
|--------------------- |  | - | --------------------------------------------------------------------------- |  |  | - | --------------------------------------------------------------------------- | 
|Advance on purchase   |  | $ | 8,800                                                                       |  |  | $ | 9,063                                                                       | 
|Advance on insurrance |  |   | 35                                                                          |  |  |   |                                                                             | 
|Prepayments           |  |   |                                                                             |  |  |   | 15                                                                          | 
|Total                 |  | $ | 8,835                                                                       |  |  | $ | 9,078                                                                       | 





NOTE 6– OPERATING EXPENSES



|                         |  |   | December
                                                            31, 2013 |  |  |   | December
                                                            31, 2012 | 
|------------------------ |  | - | ----------------------------------------------------------------------------- |  |  | - | ----------------------------------------------------------------------------- | 
|Total operating expenses |  | $ | 148,896                                                                       |  |  | $ | 156,707                                                                       | 



NOTE 7 – RELATED PARTY TRANSACTIONS



|                                                                                     |  | December 31,
        2013 |        |  | December 31,
        2012 |  
|------------------------------------------------------------------------------------ |  | ------------------------- | ------ |  | ------------------------- | -
|Non-interest bearing and payable on demand to Chief Executive Officer of the Company |  | $                         | 60,000 |  |                           |  
|Non-interest bearing and payable on demand to its prior directors of the Company     |  |                           | -      |  | $                         |  
|Total                                                                                |  | $                         | 60,000 |  |                           | $



NOTE 8 – CAPITAL STOCK AND
SHARE-BASED PAYMENT



On November 18, 2013, the Company entered
debt cancellation agreement with the Company's director which the Company issued 180,000,000 shares of common stock to cancel the
Company's indebtedness in the principal amount of $180,000.



On November 18, 2013, we issued 20,000,000
shares of common stock to two investors at a purchase price of $0.005 per share, for a total of $100,000.  The funds
were used to provide us with funds for working capital purposes.   The sale of the shares was exempt from registration
pursuant to Regulation S of the SEC.



On November 30, 2013, the company entered into
an agreement to acquire all of the issued and outstanding stock of Jin Chih International, Ltd., a Taiwan corporation, from its
sole owner Chu Li Anfor five million shares of the Company’s common stock. As of December 31, 2013, the stock
has not been issued.



NOTE 9 – INCOME TAXES



The Company did not provide any current
or deferred U.S. federal income tax provision or benefit for any of the periods presented because the Company has experienced operating
losses for U.S. federal income tax purposes since inception. When it is more likely than not that a tax asset cannot be realized
through future income the Company must allow for this future tax benefit.



NOTE 10 – SPIN-OFF OF SUBSIDIARIES TRANSACTION



On October 31, 2013, pursuant to agreements
with one of our former directors, we transferred the stock in our China subsidiaries to the former director in exchange for cancellation
of debt. As a result of these transactions, the Company had spun off wholly-owned subsidiaries as of October 31, 2013 and for period
December 31, 2012 to December 31, 2013.





At
December 31, 2013, the assets and liabilities of the spun off entities were not included in assets or liabilities of the Company,
and, for the period ended December 31, 2013, the results of operations of the spun off entities through October 31, 2013 are reflected
as a net loss from spun off entities. At December 31, 2012, the assets and liabilities of the spun off subsidiaries are reflected
on the balance sheet as assets or liabilities of entity spun off, and the results of the operations of the subsidiaries are reflected
as loss from the operation of entity spun off.



As
a part of the spin off transaction of the Company’s subsidiaries, the net liabilities of the subsidiaries were adjusted
to additional paid in capital.



The
components of loss from operations of the entity spun off for the year ended December 31, 2013 are shown below:



|SPUN OFF SUBSIDIARIES OF AJ GREENTECH HOLDINGS LTD.
|---------------------------------------------------
|CONSOLIDATED BALANCE SHEETS                        



|                                               | 31-Dec-13 | 31-Dec-12
|---------------------------------------------- | --------- | ---------
|                                               |           |          
|ASSETS                                         |           |          
|CURRENT ASSETS:                                |           |          
|Cash                                           |           | $        
|Accounts receivable                            |           |          
|Inventories                                    |           |          
|Advance on purchases                           |           |          
|Prepaid value added taxes                      |           |          
|Prepaid corp. income taxes                     |           |          
|Prepayments and other current assets           |           |          
|Total Current Assets                           |           |          
|PROPERTY, PLANT AND EQUIPMENT                  |           |          
|Property, plant and equipment                  |           |          
|Accumulated depreciation                       |           |          
|PROPERTY, PLANT AND EQUIPMENT, net             |           |          
|ASSETS HELD FOR SALE                           |           |          
|Assets held for sale                           |           |          
|Impairment allowance                           |           |          
|ASSETS HELD FOR SALE ,net                      |           |          
|LAND USE RIGHT                                 |           |          
|Land use right-deposit                         |           |          
|Accumulated amortization                       |           |          
|LAND USE RIGHT                                 |           |          
|SOFTWARE, net                                  |           |          
|OTHER ASSETS                                   |           |          
|Total Assets                                   |           | $        
|LIABILITIES AND STOCKHOLDERS' EQUITY           |           |          
|CURRENT LIABILITIES:                           |           |          
|Accounts payable                               |           | $        
|Advances from related parties                  |           |          
|Advances from Stockholder, Chairman and CEO    |           |          
|Taxes payable                                  |           |          
|Accrued expenses and other current liabilities |           |          
|Total Current Liabilities                      |           |          
|Total Liabilities                              |           |          
|Net Asset of the entities spun off             |           |          



|                                                | SPUN OFF SUBSIDIARIES OF AJ GREENTECH
        HOLDINGS LTD. |          
|----------------------------------------------- | ----------------------------------------------------------- | ---------
|                                                | CONSOLIDATED STATEMENTS OF OPERATIONS                       |          
|                                                | 31-Dec-13                                                   | 31-Dec-12
|                                                |                                                             |          
|NET REVENUES                                    | $        480,725                                            |          
|COST OF GOODS SOLD                              | 468,158                                                     |          
|GROSS PROFIT                                    | 12,567                                                      |          
|OPERATING EXPENSES:                             |                                                             |          
|Selling and General and administrative expenses | 485,714                                                     |          
|Total operating expenses                        | 485,714                                                     |          
|INCOME BEFORE INCOME TAXES                      | (473,147)                                                   |          
|INCOME TAX PROVISION                            | 648                                                         |          
|NET LOSS FROM ENTITIES SPUN OFF                 | $    (473,795)                                              |          
|                                                |                                                             |          



Note11 - Foreign Operations



Operations



Substantially all of the Company’s
operations are carried out and all of its assets are located in the PRC. Accordingly, the Company’s business, financial condition
and results of operations may be influenced by the political, economic and legal environments in the PRC. The Company’s business
may be influenced by changes in governmental policies with respect to laws and regulations, monetary policies, anti-inflationary
measures, currency fluctuation and remittances and methods of taxation, among other things.



Dividends and Reserves



Under the laws of the PRC, net income
after taxation can only be distributed as dividends after appropriation has been made for the following: (i) cumulative prior years’
losses, if any; (ii) allocations to the “Statutory Surplus Reserve” of at least 10% of net income after tax, as determined
under PRC accounting rules and regulations, until the fund amounts to 50% of the Company’s registered capital; (iii) allocations
of 5-10% of income after tax, as determined under PRC accounting rules and regulations, to the Company’s “Statutory
Common Welfare Fund”, which is established for the purpose of providing employee facilities and other collective benefits
to employees in PRC; and (iv) allocations to any discretionary surplus reserve, if approved by stockholders.



As of December 31, 2013, the Company
had no Statutory Surplus Reserve and the Statutory Common Welfare Fund established and segregated in retained earnings.







|
|
|

PART III



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

The following table sets forth: (1)
names and ages of all persons who presently are and who have been selected as directors and executive officers of the Registrant;
(2) all positions and offices with the Registrant held by each such person; (3) any period during which he or she has served a
such. All directors hold office until the next annual meeting of our shareholders and until their successors have been elected
and qualify. Officers serve at the pleasure of the Board of Directors.

|Name(1)   |  | Age |  | Title                                                     
|--------- |  | --- |  | ----------------------------------------------------------
|Chu Li An |  | 52  |  | Chief Executive Officer, Chief Financial Officer, Director



Ms. Chu, 51, served as chief executive
officer of Jin Chih International Co., Ltd., a international trade company from September 2001 through present 2013. From September
2008 to September 2013, Ms. Chu served as  president of Wealthy Link Technology Corp. Ms. Chu received her undergradte degree
in business from Ming Chuan College in 1982, and MBA degree in Business from Angelo State University in Texas in 1987.



Nominating, Compensation and Audit Committees



The Board of Directors does not have
an audit committee, a compensation committee or a nominating committee, due to the small size of the Board. The Board does also
not have an “audit committee financial expert” within the definition given by the Regulations of the Securities and
Exchange Commission.



Section 16(A) Beneficial Ownership Reporting Compliance



Under U.S. securities laws, directors,
certain executive officers and persons holding more than 10% of our common stock must report their initial ownership of the common
stock, and any changes in that ownership, to the SEC.



Involvement in Certain Legal Proceedings



To the best of our knowledge, none of
our directors or executive officers has been convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors,
or has been a party to any judicial or administrative proceeding during the past five years that resulted in a judgment, decree
or final order enjoining the person from future violations of, or prohibiting activities subject to, federal or state securities
laws (except where not subsequently dismissed without sanction or settlement), or from engaging in any type of business practice,
or a finding of any violation of federal or state securities laws. To the best of our knowledge, no petition under the federal
bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed
by a court for the business or property of any of our directors or officers, or any partnership in which any of our directors or
officers was a general partner at or within two years before the time of such filing, or any corporation or business association
of which any of our directors or officers was an executive officer at or within two years before the time of such filing. Except
as set forth in our discussion below in “Certain Relationships and Related Transactions, and Director Independence,”
none of our directors, director nominees or executive officers has been involved in any transactions with us or any of our directors,
executive officers, affiliates or associates which are required to be disclosed pursuant to the rules and regulations of the SEC.

|
|
|

Code of Ethics



The Board of Directors has not adopted
a code of ethics applicable to the Company’s executive officers. The Board believes that the small number of individuals
involved in the Company’s management makes such a code unnecessary.





Board Attendance



During 2013, the board of directors
did not hold any meetings.  All actions were taken by actions in writing.





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



The following summary compensation table
indicates the cash and non-cash compensation earned during the years ended December 31, 2013 and December 31, 2012 by each person
who served as chief executive officer and chief financial officer during the year ended December 31. 2013.





SUMMARY COMPENSATION TABLE



|                                                     |  | Fiscal |  | Salary |        |  | Bonus |  |   | Stock Awards |  |  | All Other Compensation |  |  | Total |  
|---------------------------------------------------- |  | ------ |  | ------ | ------ |  | ----- |  | - | ------------ |  |  | ---------------------- |  |  | ----- | -
|Name and Principal Position                          |  | Year   |  | ($)    |        |  | ($)   |  |   | ($)          |  |  | ($)                    |  |  | ($)   |  
|Chu Li An, chief executive and financial officer (1) |  | 2013   |  | $      | 300000 |  |       |  | 0 |              |  |  | 0                      |  |  |       | 0
|                                                     |  |        |  |        |        |  |       |  |   |              |  |  |                        |  |  |       |  
|Daliang Yang, former chief executive (2)             |  | 2013   |  |        | 0      |  |       |  | 0 |              |  |  | 0                      |  |  |       | 0
|                                                     |  | 2012   |  |        | 30,000 |  |       |  | 0 |              |  |  | 0                      |  |  |       | 0
|                                                     |  |        |  |        |        |  |       |  |   |              |  |  |                        |  |  |       |  
|Yulin Yang, former chief financial offcer (3)        |  | 2013   |  |        | 0      |  |       |  | 0 |              |  |  | 0                      |  |  |       | 0
|                                                     |  | 2012   |  |        | 30,000 |  |       |  | 0 |              |  |  | 0                      |  |  |       | 0

(1)    Ms.
Chu Li An has served as chief executive and financial officer since October 2013.

(2)    Mr.
Yang resigned as chief executive officer in September 30 2013.

(3)    Ms.
Yang resigned as chief financial officer in September 30 2013.





Outstanding Equity Awards at Fiscal Year-End



The following table sets forth for each named executive officer
certain information concerning the outstanding equity awards as of December 31, 2013.



|                                              |  | Option awards                                                                                           |   |  | Stock awards                                                                                              | 
|--------------------------------------------- |  | ------------------------------------------------------------------------------------------------------- | - |  | --------------------------------------------------------------------------------------------------------- | 
|Name and Principal
        Position           |  | Number of
        Securities
        Underlying
        Unexercised
        Options
        Exercisable |   |  | Number of
        Securities
        Underlying
        Unexercised
        Options
        Unexercisable | 
|Chu Li An
        Chairman, CEO               |  |                                                                                                         | — |  |                                                                                                           | 
|                                              |  |                                                                                                         |   |  |                                                                                                           | 
|Daliang Yang,
        Chief Executive Officer |  |                                                                                                         | — |  |                                                                                                           | 
|                                              |  |                                                                                                         |   |  |                                                                                                           | 
|Yulin Yang,
        Chief Financial Officer   |  |                                                                                                         | — |  |                                                                                                           | 
|                                              |  |                                                                                                         |   |  |                                                                                                           | 
|                                              |  |                                                                                                         |   |  |                                                                                                           | 

*Resigned September 30, 2013

|
|
|

Remuneration of Directors



None of the members of the Board of Directors receives remuneration
for service on the Board.



Executive Employment Contracts



We have no employment agreements with
any of our officers.



Equity Compensation Plan Information



Our board of directors and stockholders
approved the 2013 long term incentive plan, which covers the issuance of 2,000,000 shares.  The plan provides for the
grant of stock options or restricted stock grants to employees and consultants.  No shares were issued under the plan
during 2013, and there are no outstanding options under the plan.



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



Security Ownership of Certain Beneficial Owners and
Management



The following table summarizes certain
information regarding the beneficial ownership (as such term is defined in Rule 13d-3 under the Securities Exchange Act of 1934)
of outstanding Registrant Common Stock as of December 31, 2013 by (i) each person known by us to be the beneficial owner of more
than 5% of the outstanding Common Stock, (ii) each of our directors, (iii) each of our named executive officers, and (iv) all executive
officers and directors as a group. Except as indicated in the footnotes below, the security and stockholders listed below possess
sole voting and investment power with respect to their shares.



|Name and Address of Beneficial Owner (1)                    |  | Amount and Nature
        of Beneficial
        Ownership (2) |             |  | Percentage of
        Class (2) | 
|----------------------------------------------------------- |  | ------------------------------------------------------------- | ----------- |  | ------------------------------- | 
|Chu Li An                                                   |  |                                                               | 90,000,000  |  |                                 | 
|Jenus International Financial Group                         |  |                                                               | 90,000,000  |  |                                 | 
|                                                            |  |                                                               | -           |  |                                 | 
|                                                            |  |                                                               | -           |  |                                 | 
|All Directors and Executive Officers as a Group (4 persons) |  |                                                               | 180,000,000 |  |                                 | 



(1) "Beneficial Owner" means
having or sharing, directly or indirectly (i) voting power, which includes the power to vote or to direct the voting, or (ii) investment
power, which includes the power to dispose or to direct the disposition, of shares of the common stock of an issuer. The definition
of beneficial ownership includes shares, underlying options or warrants to purchase common stock, or other securities convertible
into common stock, that currently are exercisable or convertible or that will become exercisable or convertible within 60 days.
Unless otherwise indicated, the beneficial owner has sole voting and investment power.



(2) For each shareholder, the calculation
of percentage of beneficial ownership is based upon 233,760,148 shares of Common Stock outstanding as of December 31, 2013, and
shares of Common Stock subject to options, warrants and/or conversion rights held by the shareholder that are currently exercisable
or exercisable within 60 days, which are deemed to be outstanding and to be beneficially owned by the shareholder holding such
options, warrants, or conversion rights. The percentage ownership of any shareholder is determined by assuming that the shareholder
has exercised all options, warrants and conversion rights to obtain additional securities and that no other shareholder has exercised
such rights.



EMPLOYMENT AGREEMENTS



We have employment agreements with CEO,
Chu Li An on Oct. 1, 2013 for 5 years, subject to automatic renewals of another 5 years at the rate of $30,000 per year.



Equity Compensation Plan Information



As of the date of this Form 10-K, the
Company has not authorized any equity compensation plan, nor has our Board of Directors authorized the reservation or issuance
of any securities under any equity compensation plan.



Changes in Control



There are no arrangements known to us, including any pledge
by any person of our securities, the operation of which may at a subsequent date result in a change in control of the Company.







|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS.
|-------- | -----------------------------------------------------



Transactions with Related Persons



On October 31, 2013, pursuant to agreements
with one of our former directors, we transferred the stock in our China subsidiaries to the former director in exchange for cancellation
of debt totaling $240,000.  As a result of the transfer of the subsidiaries, we were no longer engaged in the China cleanfuel
business.  We transferred the stock of the China subsidiaries because we felt that, it not our best interest to continue
China cleanfuel business as a result of our decreasing revenue, continued losses and inability to raise capital for our business



On October 31, 2013, Chu Li An acquired,
for nominal consideration, 8,000,000 shares of common stock from the director who acquired the subsidiaries and 12,778,399 shares
of common stock from The Chairman, who was also a director.  On November 1, 2013, Chu Li An and the Company entered
into a loan agreement pursuant to which the Chu Li An agreed to lend us $100,000 initially with future loan amount up to $1,000,000,
for which we issued our 6% demand promissory note in the principal amount of $100,000.  The securities were issued in
Chu Li An’s name.



On November 18, 2013, we entered into
agreement pursuant to which we issued to Chu Li An and her BVI company, our sole director and chief executive officer, 180,000,000
shares of common stock, in consideration of the cancellation of debt due to Chu Li An in the amount of $180,000.





Director Independence



Currently, we have no independent directors
on our Board of Directors, and therefore have no formal procedures in effect for reviewing and pre-approving any transactions between
us, our directors, officers and other affiliates. We will use our best efforts to insure that all transactions are on terms at
least as favorable to the Company as we would negotiate with unrelated third parties.







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



|                   |  | 2013 |        |  | 2012 |  
|------------------ |  | ---- | ------ |  | ---- | -
|Audit fees(1)      |  | $    | 35,000 |  |      | $
|Audit-related fees |  | $    | —      |  |      | $
|Tax fees(2)        |  | $    | —      |  |      | $
|All other fees     |  | $    | —      |  |      | $
|Total              |  | $    | 35,000 |  |      | $



| | (1) | Consists of fees billed for the audit of our annual financial statements, review of financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (2) | “Tax Fees” consisted of fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



Pre-Approval Policies and Procedures



Under
the Sarbanes-Oxley Act of 2002, all audit and non-audit services performed by our auditors must be approved in advance by our Board
to assure that such services do not impair the auditors’ independence from us. In accordance with its policies and procedures,
our Board pre-approved the audit service performed by C Canuswa Accounting
& Tax Services Inc. for our consolidated financial statements as of and for the year ended December 31, 2013.

|
|
|

PART IV

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



|Exhibit No. |  | Description                                                                                                     
|----------- |  | ----------------------------------------------------------------------------------------------------------------
|3.1(1)      |  | Articles of Incorporation                                                                                       
|3.2(1)      |  | By-Laws                                                                                                         
|4.1(1)      |  | Form of Share Certificate                                                                                       
|10.1(1)     |  | Private Placement Memorandum                                                                                    
|10.2(1)     |  | Subscription Agreement                                                                                          
|10.3(1)     |  | Registration Rights Agreement                                                                                   
|10.4(2)     |  | Employment Agreement dated Oct. 1, 2013 between American Jianye Greentech Holdings Ltd.  and Chu Li An.         
|10.19(3)    |  | Certificate of Amendment dated February 13 of changing name to AJ Greentech Holdings. Ltd.                      
|31.1        |  | Certification of Chief Executive Officer Pursuant to Section
        302 of the Sarbanes-Oxley Act of 2002 *    
|31.2        |  | Certification of Chief Financial Officer Pursuant to Section
        302 of the Sarbanes-Oxley Act of 2002 *    
|            |  |                                                                                                                 
|32.1        |  | Certification of the Chief Executive Officer pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002 *
|32.2        |  | Certification of the Chief Financial Officer pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002 *
|99.1(4)     |  | Taiwan subsidiary 2 year proforma financial statements                                                          
|            |  |                                                                                                                 
|            |  |                                                                                                                 



(1) Filed as exhibits to the registrant’s Form SB-2
filed with the Commission on June 29, 2007.

(2) Filed as exhibits to the registrant’s Form 8-K
filed with the Commission on Oct. 1, 2013.

(3) Filed as exhibits to the registrant’s
Form 8-K filed with the Commission on February 19, 2014.



(4) Filed as exhibits to the registrant’s Form 10-K filed
with the Commission on April 14, 2014.



* Filed herewith.

|
|
|

SIGNATURES

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



|                        | AJ GREENTECH HOLDINGS LTD.
|----------------------- | --------------------------
|                        |                           
|Date:
    July 10, 2014 | By:                       
|                        |                           
|                        |                           



Pursuant to the requirements of 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.

|Signature     |  | Title                             |  | Date     
|------------- |  | --------------------------------- |  | ---------
|              |  |                                   |  |          
|/s/ Chu Li An |  | Chief Financial Officer, Director |  | 7/10/2014
|Chu Li An     |  | (Principal Financial Officer)     |  |          
|              |  |                                   |  |          
|/s/ Chu Li An |  | Chief Executive Officer           |  | 7/10/2014
|Chu Li An     |  |                                   |  |          
|              |  |                                   |  |          
|              |  |                                   |  |          
|              |  |                                   |  |