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Porter Holding International, Inc. - Quarter Report: 2016 November (Form 10-Q)

Table of Contents

 

 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

Mark One

x      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended November 30, 2016

 

o         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from        to      

 

Commission File No. 333-196336

 

UNI LINE CORP.

 (Exact name of registrant as specified in its charter)

 

Nevada
(State or Other Jurisdiction of
Incorporation or Organization)

 

2013
(Primary Standard Industrial
Classification Number)

 

EIN 42-1777496
(IRS Employer
Identification Number)

 

1609, Feng Rui Ge, Fenghu Building, Buji, Luohu

Shenzhen, Guangdong, China 518000

86-755-25832840

(Address and telephone number of principal executive offices)

 

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

 

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). x Yes o No

 

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

 

Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x

 

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x   No o

 

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

 

N/A

 

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes o  No x

 

Applicable Only to Corporate Registrants

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

 

Class

 

Outstanding as of November 30, 2016

 

Common Stock: $0.001

 

8,110,000

 

 

 

 



Table of Contents

 

PART 1

FINANCIAL INFORMATION

 

Item 1

Financial Statements (Unaudited)

3

 

Balance Sheets

3

 

Statements of Operations

4

 

Statements of Cash Flows

5

 

Notes to Financial Statements

6

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

10

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

11

Item 4.

Controls and Procedures

11

PART II.

OTHER INFORMATION

 

Item 1

Legal Proceedings

12

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

12

Item 3

Defaults Upon Senior Securities

12

Item 4

Mine safety disclosures

12

Item 5

Other Information

12

Item 6

Exhibits

12

 

Signatures

12

 

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Table of Contents

 

UNI LINE CORP.

BALANCE SHEET

AS OF NOVEMBER 30, 2016

 

 

 

November
30, 2016
(unaudited)

 

February 29,
2016
(audited)

 

ASSETS

 

 

 

 

 

Current Assets

 

 

 

 

 

Cash and cash equivalents

 

$

 

$

 

 

 

 

 

 

 

Net Fixed Asset

 

 

1,150

 

Total Assets

 

$

 

$

1,150

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

 

 

 

 

 

Liabilities

 

 

 

 

 

Current Liabilities

 

 

 

 

 

Accrued Expenses

 

$

 

$

 

Long Term Liabilities

 

 

 

 

 

Loan from director

 

 

7,434

 

 

 

 

 

 

 

Total Liabilities

 

 

7,434

 

 

 

 

 

 

 

Stockholders’ Equity (Deficit)

 

 

 

 

 

Common stock, par value $0.001; 75,000,000 common shares, 8,110,000 shares issued and outstanding;

 

8,110

 

8,110

 

Additional paid in capital

 

32,662

 

18,978

 

Deficit accumulated during the development stage

 

(40,772

)

(33,372

)

Total Stockholders’ Equity (Deficit)

 

 

(6,284

)

Total Liabilities and Stockholders’ Equity

 

$

 

$

1,150

 

 

See accompanying notes to financial statements.

 

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Table of Contents

 

UNI LINE CORP.

THE STATEMENT OF OPERATIONS

FOR THE THREE AND NINE MONTHS PERIODS

ENDED NOVEMBER 30, 2016 AND 2015

(unaudited)

 

 

 

Three
months
period
ended
November
30,
2016

 

Three
months
period
ended
November
30,
2015

 

Nine
months
period
ended
November
30,
2016

 

Nine
months
period
ended
November

30,
2015

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

General Administrative Expenses

 

$

1,150

 

$

 

$

7,400

 

$

 

 

 

 

 

 

 

 

 

 

 

TOTAL OPERATING EXPENSES

 

1,150

 

 

7,400

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS FROM OPERATIONS

 

(1,150

)

 

(7,400

)

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

 

$

(1,150

)

$

 

$

(7,400

)

$

 

 

 

 

 

 

 

 

 

 

 

NET LOSS PER SHARE: BASIC AND DILUTED

 

$

(0.00

)

$

(0.00

)

$

(0.00

)

$

(0.00

)

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED

 

8,110,000

 

8,110,000

 

8,110,000

 

8,110,000

 

 

See accompanying notes to financial statements.

 

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UNI LINE CORP.

THE STATEMENT OF CASH FLOWS

FOR NINE MONTHS PERIODS ENDED NOVEMBER 30, 2016 AND 2015

(unaudited)

 

 

 

Nine
months
ended
November
30, 2016

 

Nine
months
ended
November 30,
2015

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

Net loss for the period

 

$

(7,400

)

$

 

Adjustments to reconcile net loss to net cash (used in) operating activities:

 

 

 

 

 

Loss on disposition of asset

 

1,250

 

 

CASH FLOWS USED IN OPERATING ACTIVITIES

 

(6,150

)

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

Loans/ Promissory Notes

 

6,150

 

 

 

 

 

 

 

 

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

 

6,150

 

 

 

 

 

 

 

 

NET DECREASE IN CASH

 

 

 

Cash, beginning of period

 

 

 

Cash, end of period

 

$

 

$

 

 

 

 

 

 

 

SUPPLEMENTAL CASH FLOW INFORMATION:

 

 

 

 

 

Interest paid

 

$

 

$

 

Income taxes paid

 

$

 

$

 

 

 

 

 

 

 

Non-cash transactions:

 

 

 

 

 

Shareholder loan forgiven (see Note 3)

 

$

13,684

 

$

 

 

See accompanying notes to condensed financial statements

 

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Table of Contents

 

UNI LINE CORP.

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2016

(unaudited)

 

NOTE 1 — ORGANIZATION AND NATURE OF BUSINESS

 

Uni Line Corp. was incorporated in the State of Nevada on September 05, 2013. On October 28, 2016, as a result of a private transaction, while remaining as a development stage company, we have relocated our principle office to 1609, Feng Rui Ge, Fenghu Building, Buji, Luohu, Shenzhen, Guangdong, China 518000, and refocused our business on establishing an online to offline business platform that support clients around the globe with manufacturing, trading, financing and incubation services. We believe that such online to offline business platform will attract many underserved clients from China who want to sell products to buyers outside of China as well clients from outside of China who want to sell products to buyers within China.

 

NOTE 2 — SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

 

Development Stage Company

 

The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced.  All losses accumulated since inception has been considered as part of the Company’s development stage activities.

 

The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements.  Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.

 

Interim Financial Statements

 

The interim financial statements are condensed and should be read in conjunction with the company’s latest annual financial statements and it is management’s opinion that all adjustments necessary for a fair presentation for the interim periods have been made, and that all adjustments are of a normal recurring nature that there were no adjustments other than normal recurring adjustments.

 

Basis of Presentation

 

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

 

Going Concern

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern.  However, the Company had no revenues as of November 30, 2016.  The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

 

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it August be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

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Table of Contents

 

Accounting Basis

 

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting).  The Company has adopted a February 28 fiscal year end.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with the original maturities of Three months or less to be cash equivalents. The Company had zero of cash and cash equivalents as of November 30, 2016.

 

Fair Value of Financial Instruments

 

The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

 

Income Taxes

 

Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

 

Revenue Recognition

 

The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

 

Stock-Based Compensation

 

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

Basic Income (Loss) Per Share

 

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of November 30, 2016.

 

Comprehensive Income

 

The Company has which established standards for reporting and display of comprehensive income, its components and accumulated balances.  When applicable, the Company would disclose this information on its Statement of

 

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Table of Contents

 

Stockholders’ Equity.  Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.

 

Recent Accounting Pronouncements

 

In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-10, “Development Stage Entities”.  The amendments in this update remove the definition of a development stage entity from the Master Glossary of the ASC thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.  In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments in this update are applied retrospectively.  The adoption of ASU 2014-10 removed the development stage entity financial reporting requirements for the Company.

 

NOTE 3 — CHANGE IN CONTROL

 

On October 28, 2016, as a result of a private transaction, the control block of voting stock of the Company, represented by 6,000,000 shares of common stock, has been transferred from Roman Ehlert, the Company’s President, Chief Executive Officer and Chief Financial Officer, to Chen Jun, Xiong Jian, Xiong Guili, Du Shuwen, Xiong Lianze, Deng Gang, Wang Guoping, Liu Zhongnan, Wang Yue, Ding Yebiao, Bai Xiuyuan and Du Jiahong, and a change of control of the Company occurred. The consideration paid for the Shares, which represent 73.98% of the issued and outstanding share capital of the Company on a fully-diluted basis, was $228,000. The source of the cash consideration for the Shares was personal funds of the Purchasers. In connection with the transaction, Roman Ehlert released the Company from all debts owed which aggregated $13,684 and was recorded as additional paid in capital in the accompanying balance sheet.

 

Upon the change of control of the Company, on October 28, 2016, Roman Ehlert, serving as the sole director and as the only officer the existing director and officer resigned from the Company. At the effective date of the transfer, Chen Jun consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

 

NOTE 4 — COMMON STOCK

 

The Company has authorized 750,000,000, $0.001 par value shares of common stock.

 

As of August 31, 2016, the Company issued 2,110,000 shares of common stock to 28 shareholders for cash proceeds of $ of 21,088 at $0.01 per share.

 

There were 8,110,000 shares of common stock issued and outstanding as of November 30, 2016.  Among the issued and outstanding shares, 6,000,000 shares of common stock are restricted and the remaining 2,110,000 shares are unrestricted and floating.

 

NOTE 5- FIXED ASSETS

 

Company purchased Super Angel All Stainless Steel Twin Gear Juicer- 5500.

 

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Table of Contents

 

 

 

November 30, 2016

 

February 28, 2016

 

Fixed assets:

 

 

 

 

 

Equipment

 

$

1,150

 

$

1,150

 

Less: accumulated depreciation

 

0

 

0

 

Net fixed assets

 

$

1,150

 

$

1,150

 

 

Since the asset was not in use, no depreciation was recorded during the period from inception through November 30, 2016. The asset was disposed of during the three months ended November 30, 2016.

 

NOTE 6 — COMMITMENTS AND CONTINGENCIES

 

The Company neither owns nor leases any real or personal property. An officer has provided office services without charge.  There is no obligation for the officer to continue this arrangement.  Such costs are immaterial to the financial statements and accordingly are not reflected herein.  The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

 

NOTE 7 — SUBSEQUENT EVENTS

 

On December 16, 2016, the Company entered into a share purchase agreement  with Porter Group Limited, a Republic of Seychelles company (“PGL”), and shareholders holding all issued and outstanding shares of PGL (the “PGL Shareholders”), pursuant to which the Company has agreed to acquire all issued and outstanding shares of PGL (“Share Acquisition”). Under the terms of the Purchase Agreement, the Company will pay the PGL Shareholders an aggregate of 500,000,000 shares of the Company’s common stock to be issued at closing on or before June 18, 2017, par value 0.001 per share.  The shares of Company Common Stock to be issued to the PGL Shareholders as purchase price for the Share Acquisition will be issued to the PGL Shareholders without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption from the registration requirements of the Securities Act afforded by Section 4(a)(2) of the Securities Act or Regulation D promulgated under the Securities Act.

 

On December 16, 2016, Chen Jun notified the Company of his decision to resign as the Company’s President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and as Chairman of the board of directors of the Company (the “Board”) effective December 19, 2016.  The Board accepted Mr. Chen’s resignation as the Company’s President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and as Chairman of the board of directors of the Company on the same date. Mr. Chen will continue to serve as a member of the Board.

 

On December 16, 2016, Mr. Chen Zonghua consented to be appointed and was appointed President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary of the Company effective December 19, 2016.

 

On December 16, 2016, the shareholders of the Company holding more than a majority of the voting power approved and adopted resolutions by signing a written consent without a meeting to increase the size of the Board from one member to five members and to elect Chen Zonghua and Cong Maozi to be members of the Board, effective December 19, 2016.  Mr. Chen was also appointed to be the Chairman of the Board. As of the date of this report, there has been no determination as to the appointment of Mr. Chen or Mr. Cong to any committees of the Board.

 

On December 19, 2016, the shareholders of Company approved an increase to the number of authorized shares from 75,000,000 shares to 750,000,000 shares and added 250,000,000 shares of preferred stock, par value $0.001 per share. The board of directors of the Company is authorized to provide for the issuance of preferred stock in series, with such designations, preferences and relative participating, optional or other special rights and qualifications, limitations or restrictions thereof. The Company filed a Certificate of Amendment with the State of Nevada, effective on December 20, 2016, increasing the number of authorized shares from 75,000,000 shares to 750,000,000 shares and adding a new class of 250,000,000 shares of preferred stock, par value $0.001 per share.

 

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Table of Contents

 

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “August,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what August occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

EMPLOYEES AND EMPLOYMENT AGREEMENTS

 

At present, we have no employees other than our officer and director.  We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we August adopt such plans in the future.  There are presently no personal benefits available to any officers, directors or employees.

 

Results of Operation

 

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Three and Nine Months Periods Ended November 30, 2016 and 2015

 

Our net loss for the three and nine months periods ended November 30, 2016 was $1,150 and $7,400 and net loss for the three and nine months periods ended November 30, 2015 was $0. During the three and nine months periods ended November 30, 2016 and 2015 we have not generated any revenue.

 

Liquidity and Capital Resources

 

As at November 30, 2016, we had no assets.  As at November 30, 2016, our Stockholders’ equity was $-0-.

 

Cash Flows from Operating Activities

 

We have not generated positive cash flows from operating activities. For the nine months period ending November 30, 2016 and 15 net cash flows used in operating activities was $-0-.

 

Cash Flows from Financing Activities

 

We have generated cash flows from financing activities of $6,250 and -0- for the nine months period ending November 30, 2016 and 2015, respectively.

 

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Table of Contents

 

Plan of Operation and Funding

 

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

 

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next Three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing August not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we August not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

 

Off-Balance Sheet Arrangements

 

As of the date of this Quarterly Report, 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, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

Going Concern

 

The independent auditors’ review report accompanying our February 28, 2016 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

No report required.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

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An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the Three-month period ended November 30, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II. OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

No report required.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

No report required.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

No report required.

 

ITEM 6. EXHIBITS

 

The exhibits required to be furnished pursuant to Item 6 are listed in the Exhibit Index filed herewith, which Exhibit Index is incorporated herein by reference.

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

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Table of Contents

 

 

Uni Line Corp.

 

 

 

 

Dated: January 19, 2017

By:

/s/ Chen Zonghua

 

 

 

 

 

 

 

Chen Zonghua, President and Chief Executive Officer and Chief Financial Officer

 

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Table of Contents

 

EXHIBIT INDEX

 

 

 

 

 

Incorporated by Reference

Exhibit 
Number

 

Exhibit Description

 

Form

 

Date

 

Number

 

Filed
Herewith

 

 

 

 

 

 

 

 

 

 

 

2.1

 

Share Purchase Agreement by and among Uni Line Corp., Porter Group Limited, and shareholders holding all issued and outstanding shares of Porter Group Limited, dated December 16, 2016.

 

8-K

 

12/29/2016

 

2.1

 

 

3.1

 

The First Amended and Restated Articles of Incorporation of the Registrant.

 

 

 

 

 

 

 

X

3.2

 

Amended and Restated Bylaws of the Registrant

 

S-1

 

5/28/2014

 

3.2

 

 

31.1

 

Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

 

 

 

 

 

 

 

X

31.2

 

Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

 

 

 

 

 

 

 

X

32.1

 

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002*

 

 

 

 

 

 

 

X

101.INS XBRL Instance Document

101.SCH XBRL Taxonomy Extension Schema Document

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF XBRL Taxonomy Extension Definition Linkbase Document

101.LAB XBRL Taxonomy Extension Label Linkbase Document

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document

 


*                 Furnished herewith

 

14