FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended September 30, 2017
OR
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission file number: 000-29169
Chinawe.com Inc.
(Exact name of registrant as specified in its charter)
California | 95-4627285 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Room 1208, Block A
Fuk Keung Industrial Building
66-68 Tong Mei Road
Kowloon, Hong Kong
(Address of principal executive offices) (Zip Code)
(852) 23810818
(Registrant’s telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 ☒ 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 ☒
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. (check one):
Large accelerated filer ☐ | Accelerated filer ☐ | |
Non-accelerated filer ☐ | Smaller reporting company ☒ | |
(Do not check if a smaller reporting company) |
Indicate by check whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☒ No ☐
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practical date:
Class of Common Stock | Outstanding at November 13, 2017 | |
Common Stock, $.001 par value | 43,800,000 |
TABLE OF CONTENTS
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PART I — FINANCIAL INFORMATION
CHINAWE.COM INC.
UNAUDITED CONDENSED STATEMENTS OF COMPREHENSIVE LOSS
Nine months ended September 30, | ||||||||
2017 | 2016 | |||||||
U.S.$ | U.S.$ | |||||||
Administrative and general expenses | (33,115 | ) | (15,779 | ) | ||||
LOSS BEFORE INCOME TAXES | (33,115 | ) | (15,779 | ) | ||||
Income tax expense | (25,000 | ) | — | |||||
NET LOSS | (58,115 | ) | (15,779 | ) | ||||
OTHER COMPREHENSIVE INCOME | ||||||||
Foreign currency translation | — | — | ||||||
TOTAL COMPREHENSIVE LOSS | (58,115 | ) | (15,779 | ) | ||||
Basic and diluted loss per share of common stock | (0.001 | ) | (0.000 | ) | ||||
Weighted average number of shares of common stock outstanding | 43,800,000 | 43,800,000 |
The unaudited condensed financial statements should be read in conjunction with the accompanying notes.
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CHINAWE.COM INC.
UNAUDITED CONDENSED BALANCE SHEETS
As of | As of | |||||||||||
Note | September 30, 2017 | December 31, 2016 | ||||||||||
U.S.$ | U.S.$ | |||||||||||
ASSETS | ||||||||||||
Total current assets | — | — | ||||||||||
Total assets | — | — | ||||||||||
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||||||||||
Current liabilities: | ||||||||||||
Accrued expenses and other current liabilities | 20,707 | 5,244 | ||||||||||
Due to related parties | 4 | 355,519 | 337,867 | |||||||||
Income tax payables | 5 | 25,000 | — | |||||||||
Total current liabilities | 401,226 | 343,111 | ||||||||||
Stockholders’ deficit: | ||||||||||||
Preferred stock, par value U.S.$0.001 per share, authorized 20,000,000 shares, none issued; common stock, par value U.S.$0.001 per share, authorized 100,000,000 shares, issued and outstanding 43,800,000 shares | 43,800 | 43,800 | ||||||||||
Additional paid in capital | 191,825 | 191,825 | ||||||||||
Accumulated losses | (636,851 | ) | (578,736 | ) | ||||||||
Accumulated other comprehensive loss | — | — | ||||||||||
Total stockholders’ deficit | (401,226 | ) | (343,111 | ) | ||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | — | — |
The unaudited condensed financial statements should be read in conjunction with the accompanying notes.
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CHINAWE.COM INC.
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT
Number of shares | Amount | Additional paid-in capital | Accumulated losses | Total Stockholders’ Deficit | ||||||||||||||||
U.S.$ | U.S.$ | U.S.$ | U.S.$ | |||||||||||||||||
Balance as of January 1, 2016 | 43,800,000 | 43,800 | 191,825 | (553,100 | ) | (317,475 | ) | |||||||||||||
Net loss for the period | — | — | — | (15,779 | ) | (15,779 | ) | |||||||||||||
Balance as of September 30, 2016 | 43,800,000 | 43,800 | 191,825 | (568,879 | ) | (333,254 | ) | |||||||||||||
Balance as of January 1, 2017 | 43,800,000 | 43,800 | 191,825 | (578,736 | ) | (343,111 | ) | |||||||||||||
Net loss for the period | — | — | — | (58,115 | ) | (58,115 | ) | |||||||||||||
Balance as of September 30, 2017 | 43,800,000 | 43,800 | 191,825 | (636,851 | ) | (401,226 | ) |
The unaudited condensed financial statements should be read in conjunction with the accompanying notes.
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CHINAWE.COM INC.
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
Nine months ended September 30, | ||||||||
2017 | 2016 | |||||||
U.S.$ | U.S.$ | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net loss | (58,115 | ) | (15,779 | ) | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Accrued expenses and other current liabilities | 15,463 | 255 | ||||||
Increase in income tax payables | 25,000 | — | ||||||
NET CASH USED IN OPERATING ACTIVITIES | (17,652 | ) | (15,524 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Advance from related parties | 17,652 | 15,524 | ||||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 17,652 | 15,524 | ||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | — | — | ||||||
Cash and cash equivalents, beginning of period | — | — | ||||||
Effect of exchange rate changes | — | — | ||||||
CASH AND CASH EQUIVALENTS, END OF PERIOD | — | — | ||||||
SUPPLEMENTAL DISCLOSURE | ||||||||
Interest paid | — | — | ||||||
Taxes paid | — | — |
The unaudited condensed financial statements should be read in conjunction with the accompanying notes.
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CHINAWE.COM INC.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
1. | Basis of Presentation |
The accompanying unaudited condensed financial statements present the financial position of Chinawe.com Inc. (the “Company” or “Chinawe”) as of September 30, 2017 and December 31, 2016, and the results of operations for the Company for the nine months ended September 30, 2017 and 2016.
The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017.
The balance sheet at December 31, 2016 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These unaudited condensed financial statements should be read in conjunction with the financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016.
2. | Organization |
Chinawe was incorporated under the laws of the State of California. Chinawe’s principal business activity was providing professional management services relating to non-performing loans in the People’s Republic of China, as well as other consulting services. During the first quarter of 2009, the Company’s sole customer, Huizhou One Limited, issued a notice of termination to terminate the services contracts with effect from March 26 and March 27, 2009. Effective March 27, 2009, the Company became a non-operating company.
3. | Going concern consideration |
The Company’s unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As of September 30, 2017, the Company had negative working capital and stockholders’ deficit of U.S.$401,226 and U.S.$401,226, respectively, which raise substantial doubt about its ability to continue as a going concern.
The Company has relied on private financing by cash inflows from the principal stockholder and a director of the Company, who have agreed not to demand repayment of amounts due to them as long as the Company has negative working capital. The director has indicated his intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from the director will be continued. The accompanying unaudited condensed financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.
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4. | Due to related parties |
The balances with related parties are as follows:
As of | As of | |||||||
September 30, 2017 | December
31, 2016 | |||||||
(Unaudited) | ||||||||
U.S.$ | U.S.$ | |||||||
Advances from a director | 355,519 | 337,867 |
The amounts due are unsecured, non-interest bearing and repayable on demand. |
5. | Contingencies |
The Company is currently suspended in the State of California due to failure to file income tax returns with the Franchise Tax Board for numerous years. The Company is also delinquent in filing its U.S. Federal tax returns and information forms for numerous years. Although for most of such years the Company incurred losses and would not owe taxes except for minimum fees to California, the failure to file could result in interest and penalties imposed upon the Company which would have a material adverse effect upon the Company’s financial condition. The Company has started the process of pursuing reinstatement in California and preparing for filing the past due U.S. Federal tax returns and information forms. As of September 30, 2017, management estimated the taxes, including penalties and interest, to be repaid to be approximately U.S.$25,000.
The Company’s income tax returns for the years ended December 31, 2016 and 2015 are subject to examination by the Internal Revenue Service and State tax authorities, generally for three years after they are filed.
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
The following discussion should be read in conjunction with the unaudited condensed financial statements and notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed elsewhere in this report.
Overview — Results of Operations
Effective March 27, 2009, the Company ceased providing professional management services relating to non-performing loans in the People’s Republic of China. The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the Company will have adequate funding to commence operations of a new line of business. A director of the Company has indicated his intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that financing from the director will be continued.
Nine months ended September 30, | ||||||||
2017 | 2016 | |||||||
U.S.$ | U.S.$ | |||||||
Administrative and general expenses | (33,115 | ) | (15,779 | ) | ||||
Loss before income taxes | (33,115 | ) | (15,779 | ) | ||||
Income tax expense | (25,000 | ) | — | |||||
Net loss | (58,115 | ) | (15,779 | ) |
NINE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED) COMPARED TO THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (UNAUDITED)
LOSS FROM OPERATIONS
The Company’s operating expenses totaled U.S.$33,115 for the nine months ended September 30, 2017, compared to U.S.$15,779 for the nine months ended September 30, 2016. The increase was due to an increase in professional fees.
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PROVISION FOR INCOME TAXES
Income tax expense of U.S.$25,000 has been recorded during the nine months ended September 30, 2017 according to management’s estimate of the taxes, including penalties and interest, to be repaid in order to pursue reinstatement in California.
No income tax expense for the nine months ended September 30, 2016 was incurred because the Company reported a net loss.
LIQUIDITY AND CAPITAL RESOURCES
The Company’s unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As of September 30, 2017, the Company had negative working capital and stockholders’ deficit of U.S.$401,226 and U.S.$401,226, respectively.
The Company has relied on private financing by cash inflows from the principal stockholder and a director of the Company, who have agreed not to demand repayment of amounts due to them as long as the Company has negative working capital. A director has indicated his intention to finance the Company for a reasonable period of time to enable the Company to continue as a going concern, assuming that in such a period of time the Company would not be able to raise additional capital to support its continuation. However, it is uncertain for how long or to what extent such a period of time would be “reasonable” and there can be no assurance that the financing from the director will be continued. The accompanying unaudited condensed financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
A company’s financial statements reflect the selection and application of accounting policies which require management to make significant estimates and assumptions. Since the Company has no business, we believe there is no critical judgment area in the application of our accounting policies that currently affects our financial condition and results of operations except for the disclosure set forth above under “LIQUIDITY AND CAPITAL RESOURCES.”
Off-Balance Sheet Arrangements
The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to the Company.
Future Operations
The Company is seeking investment opportunities that may provide revenues for the Company. However, the Company has not identified a specific line of business or territory for any such new business. There can be no assurance that the Company will be successful in identifying a new line of business that it can enter into or that if such new line of business is identified, that the receipt of revenues is probable.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
We are not exposed to a material level of market risk due to changes in interest rates, since we have never registered or issued debt instruments. Our outstanding long term liabilities are loans from a director or other related parties, which are unsecured and interest rate fixed or interest-free. Currently we do not maintain a portfolio of interest-sensitive debt instruments or any fixed-income derivatives.
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Item 4. Controls and Procedures.
(a) | Evaluation of Disclosure Controls and Procedures |
As of the end of the period covered by this report, the Company conducted an evaluation, under the supervision and with the participation of its Chief Executive Officer and Chief Financial Officer, of its disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Securities Exchange Act of 1934, as amended (“Exchange Act”)). Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and which also are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. The Company’s 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. The Company’s internal controls framework is based on the criteria set forth in the Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, 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 or procedures may deteriorate.
Management’s assessment of the effectiveness of the Company’s internal control over financial reporting is as of the nine months ended September 30, 2017. We believe that our internal control over financial reporting is effective. We have not identified any current material weaknesses considering the nature and extent of our current operations and any risks or errors in financial reporting under current operations.
(b) | Changes in Internal Controls |
There were no changes in the Company’s internal control over financial reporting for the nine months ended September 30, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
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31.1 | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer | ||
31.2 | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer | ||
32.1 | Section 1350 Certification of Chief Executive Officer | ||
32.2 | Section 1350 Certification of Chief Financial Officer |
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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.
Date: November 14, 2017 | CHINAWE.COM INC. | |||||||
(Registrant) | ||||||||
By: | /s/ Man Keung Wai | |||||||
Man Keung Wai | ||||||||
Chief Executive Officer | ||||||||
(Principal Executive Officer) | ||||||||
By: | /s/ Man Keung Wai | |||||||
Man Keung Wai | ||||||||
Chief Financial Officer | ||||||||
(Principal Financial Officer) |
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EXHIBIT INDEX
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EXHIBIT 31.1
CERTIFICATIONS
I, Man Keung Wai, certify that:
1. | I have reviewed this quarterly report on Form 10-Q of Chinawe.com Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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; |
(c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. | The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting. |
Date: November 14, 2017
/s/ Man Keung Wai
Man Keung Wai
Chief Executive Officer
EXHIBIT 31.2
CERTIFICATIONS
I, Man Keung Wai, certify that:
1. | I have reviewed this quarterly report on Form 10-Q of Chinawe.com Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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; |
(c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. | The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting. |
Date: November 14, 2017
/s/ Man Keung Wai
Man Keung Wai
Chief Financial Officer
EXHIBIT 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Chinawe.com Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Man Keung Wai, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:
(1) | The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. |
/s/ Man Keung Wai
Chief Executive Officer
November 14, 2017
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Chinawe.com Inc. and will be retained by Chinawe.com Inc. and furnished to the Securities and Exchange Commission or its staff upon request.
EXHIBIT 32.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Chinawe.com Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Man Keung Wai, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:
(1) | The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly represents, in all material respects, the financial condition and result of operations of the Company. |
/s/ Man Keung Wai
Chief Financial Officer
November 14, 2017
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Chinawe.com Inc. and will be retained by Chinawe.com Inc. and furnished to the Securities and Exchange Commission or its staff upon request.