UNIVERSAL SOLAR TECHNOLOGY, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET QUARTER ENDING JUNE 30, 2017 (Unaudited) Quarter Ending 30-Jun-17

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1 CONSOLIDATED BALANCE SHEET Quarter Ending 30-Jun-17 CURRENT ASSETS Cash and cash equivalents $ 29,979 Accounts receivable $ - Inventories $ - Prepaid expenses and other current assets $ 26,500 TOTAL CURRENT ASSETS $ 56,479 Property, Plant and Equipment $ 29,302 Accumulated Amortization $ - PPE Accumulated Depreciation $ - Construction in process $ - TOTAL ASSETS $ 85,781 LIABILITIES AND STOCKHOLDERS' DEFICIENCY CURRENT LIABILITIES Accounts payable $ - Accrued interest related party $ - Accrued expenses and other current liabilities $ - TOTAL CURRENT LIABILITIES $ - $ - Due to related-parties $ 150,000 TOTAL LIABILITIES $ 150,000 STOCKHOLDERS' DEFICIENCY Preferred stock, $ par value, 10,000,000 shares authorized, - none issued and outstanding Common stock, $ par value, 22,599,974 shares issued and outstanding. $ 2, Additional paid-in capital $ 620,812 Accumulated deficit $ (687,291) Accumulated other comprehensive income $ - TOTAL STOCKHOLDERS' (DEFICIENCY) / EQUITY $ (64,219) TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) / EQUITY $ 85,781

2 CONSOLIDATED INCOME STATEMENT Quarter Ending 30-Jun-17 SALES $ - COST OF SALES $ - GROSS PROFIT / (LOSS) $ - OPERATING EXPENSES Contract Services $ 11,538 Offices Supplies / Software $ 528 Business Expense $ 4,114 Rent & Lease $ 9,600 Taxes and Licenses $ 5,997 Utilities $ 486 Legal and Professional $ 7,500 TOTAL OPERATING EXPENSES $ 39,763 LOSS FROM OPERATIONS $ (39,763) Non-operating income $ - Interest expense, net of interest income $ - Interest expense related party $ - TOTAL NONOPERATING OR OTHER INCOME $ - NET LOSS $ (39,763) OTHER COMPREHENSIVE INCOME $ - Foreign currency translation adjustment $ - COMPREHENSIVE LOSS $ (39,763) Loss per common share basic and diluted Weighted average number of shares outstanding basic and diluted 22,599,974

3 CONSOLIDATED STATEMENT OF CASH FLOW Quarter Ending 30-Jun-17 OPERATING ACTIVITIES: NET LOSS $ (39,765) Adjustments to reconcile net loss to net cash used in operating activities: Property, plant and equipment $ - Depreciation of property and equipment $ - Amortization of land use right $ - Accumulated Amortization $ - Changes in operating assets and liabilities: $ - Accounts receivable $ - Prepaid expenses and other assets $ - Inventories $ - Construction in Progress $ - NET CASH PROVIDED BY(USED IN) IN OPERATING ACTIVITIES $ (39,765) CASH FLOWS USED IN INVESTING ACTIVITIES: $ - Acquisition of property and equipment $ - NET CASH USED IN INVESTING ACTIVITIES $ - CASH FLOWS PROVIDED BY FINANCING ACTIVITES: $ - Proceeds from (Repayment of) related parties loans $ - NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES $ - Effect of exchange rate changes on cash $ - Decrease in cash $ (39,765) Cash - Beginning of period $ 69,745 Cash - End of period $ 29,980 Supplemental disclosures of cash flow information: $ - Interest paid $ - Income taxes paid $ -

4 BUSINESS DESCRIPTION AND SIGNIFICANT ACCOUNTING POLICIES Universal Solar Technology, Inc. (the Company ) was incorporated in the State of Nevada on July 24, The company was purchased on January of 2017 by The Arminda Group, L.L.C. a Texas Corporation. Basis of presentation The consolidated financial statements include the accounts of the Company and all of its subsidiaries. All significant inter-company accounts and transactions have been eliminated. These financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. Currency translation All amounts are stated in US Dollars. Going concern The underlying assumption for a Going Concern is that a company or other entity will be able to continue operating for a period of time that is sufficient to carry out its commitments, obligations and objectives. The Company was purchased in January 2017 by The Arminda Group L.L.C., a Texas Corporation. With a new management team, the Company is being positioned to carry out its new business plan and associated objectives. Uses of estimates in the preparation of financial statements 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 of the financial statements and the reported amounts of net revenue and expenses during each reporting period. Actual results could differ from those estimates. Disposition of Assets All assets associated with the former business model has been written off and expensed. This was necessary as the new owners have no access to the equipment as the company operated in PRC, we will gain no benefit from the assets, the Company is being repositioned and repurposed and finally we are not able to determine the ultimate disposition. Prepaid Expenses and Other Current Assets Due to Related Parties Current amounts due to related parties is $150, that was loaned to the Company by Chairman and CEO Paul D. Landrew to cover startup costs.

5 Major Customers The Company remains in the startup phase as there were unforeseen delays in completing the purchase. Income Taxes There has been no revenue generated therefore no net income earned. Commitments and Contingencies There are no significant commitments and contingencies for this period. Subsequent Events The Company has evaluated subsequent events through the date of these financial statements were issued and determined that there were no subsequent events to recognize or disclose in these financial statements. Management s Discussion and Analysis of Financial Condition and Results of Operations. Forward Looking Statements This Quarterly Report for the three months ending June 30, 2017 contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements that include the words believes, expects, anticipates, or similar expressions. These forward-looking statements include, among others, statements concerning our expectations regarding our working capital requirements, financing requirements, business, growth prospects, competition and results of operations, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this Quarterly Report for the three months ending June 30, 2017 involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by the forward-looking statements contained herein. Overview Of Our Business - The Following is the revised Overview of Our Business: The Company's revised business plan is to seek, investigate, and, if warranted, acquire one or more properties or businesses, and to pursue other related activities intended to enhance shareholder value. The acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise, and may encompass assets or a business entity, such as a corporation, joint venture, or partnership. The Company has very limited capital, and it is unlikely that the Company will be able to take advantage of more than one such business opportunity. The

6 Company intends to seek opportunities demonstrating the potential of long-term growth as opposed to short-term earnings. At the present time, the Company is investigating through due diligence several business opportunities that it plans to pursue, although we have not reached any agreement or definitive understanding with any person concerning an acquisition. It is anticipated that the Company's management team may contact broker-dealers and other persons with whom they are acquainted who are involved in corporate finance matters to advise them of the Company's existence and to determine if any companies or businesses they represent have an interest in considering a merger or acquisition with the Company. The Company's search will be directed toward small and medium-sized enterprises which have a desire to become public corporations and which are able to satisfy, or anticipate in the reasonably near future being able to satisfy, the minimum asset requirements in order to qualify shares for trading on NASDAQ or on a stock exchange (See "Investigation and Selection of Business Opportunities"). The Company anticipates that the business opportunities presented to it will (i) be recently organized with no operating history, or a history of losses attributable to undercapitalization or other factors; (ii) be experiencing financial or operating difficulties; (iii) be in need of funds to develop a new product or service or to expand into a new market; (iv) be relying upon an untested product or marketing concept; or (v) have a combination of the characteristics mentioned in (i) through (iv). The Company intends to concentrate its acquisition efforts on properties or businesses that it believes to be undervalued. The Company does not propose to restrict its search for investment opportunities to any particular geographical area or industry, and may, therefore, engage in essentially any business, to the extent of its limited resources. This includes industries such as service, finance, natural resources, manufacturing, high technology, product development, medical, communications and others. The Company's discretion in the selection of business opportunities is unrestricted, subject to the availability of such opportunities, economic conditions, and other factors. Overview of Properties, Plant and Equipment Our current business model does not extensive equipment such as would be required for manufacturing. Basic office equipment is the extent of our machine and equipment needs. Our current operating space is in a 3000-square foot office space in Houston, Texas. Critical Accounting Policies There were no changes to critical accounting policies and the use of estimates. The details on Critical Accounting Policies is included in Part II, Item 7 of the Annual Report on Form 10-K for the year ended December 31, 2013.

7 Operation The fundamentals of our operation is the investigation and analysis of companies where partnership or purchase opportunities exist. Results of Operations Revenues: The Company is still in the startup phase due to unforeseen delays in completing the sale and official transfer. Cost of Sales: The Company is still in the startup phase due to unforeseen delays in completing the sale and official transfer. Gross Profit (Loss): The Company is still in the startup phase due to unforeseen delays in completing the sale and official transfer. General and Administrative Expenses. All expenses necessary to establish an office presence and basic business startup. Legal and Professional. Had to retain legal counsel to complete the transfer of the company after purchase. Interest expenses: There are no interest expenses as the loan from Related Party Paul D. Landrew has been made to the Company at zero percent interest. Liquidity and Capital Resources In order to launch the business after purchase, $150, was loaned by Paul D. Landrew, Chairman and CEO. As the company positions itself in this new business area, we are working to ensure we are sufficiently capitalized by using all avenues available to us in making sure that we are profitable even from the first deal made. Related Party Loans The Related Party Loan received by the company is as follows: Paul D. Landrew, Chairman and CEO $150, Total $150,000.00

8 Future Cash Requirements As it relates to fundamental capital needs going forward, the Company s cash requirements can be divided into two categories. Capital demand in daily operations. This includes costs associated with being a public company, including legal fees, audit/review fees and other professional fees; and costs incurred by the Company s operating subsidiary, including wages, utilities and other operating costs. The Company expects its cash requirements under this category to be approximately $10, per month. Capital demand for the acquiring and partnering with other companies. The future cash requirements are dependent on the nature of the opportunities that we discover. Our goal is to put together a line of credit of at least $3 million dollars. This will allow an appreciable amount of diversification as it relates to investments. We are working to position ourselves to minimize risk caused by being too narrow in our scope. At the same time we want to avoid over extending ourselves into areas that may stretch us too far or be totally outside our primary areas of expertise. Off-Balance Sheet Arrangements There are no financial guarantees or other commitments to guarantee the payment obligations of any other parties. There were no off-balance sheet arrangements that would be reasonably likely to have a current or future effect on the Company s financial condition, operating results and cash flows. Item 3. Not applicable. Quantitative and Qualitative Disclosures about Market Risk. Item 4. Controls and Procedures. Evaluation of Disclosure Controls and Procedures As we continue to develop and implement our revised business plan, we will ensure the involvement of our Executive Management team to ensure the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended, or the Exchange Act, as of the end of the period covered by each report going forward.

9 Our business model will assure adequate expertise regarding U.S. GAAP among our management personnel, the proper staff relationship with outside accounting and audit firms and the appropriate internal structures to assure proper checks and balances. Changes in Internal Control Over Financial Reporting The Company s management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated the Company s internal control over financial reporting, as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended, during the fiscal quarter covered by this 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. CEO Certifications The CEO CERTIFICATIONS as it relates to the Quarter ending June 30, 2017 pertain to the financial actions taken in order to bring the Company back to proper fiscal order. I, Paul D. Landrew, certify that the numbers accurately reflect the activity of the period for which they are reported. Limitations on the Effectiveness of Controls The inherent limitations of the control systems, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system s objectives are being met. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Control systems can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. PART II. OTHER INFORMATION Item 1. Legal Proceedings. As of this Quarter ending June 30, 2017, there is no pending litigation made against Universal Solar Technology, Inc. In the ordinary conduct of our business, we are subject to periodic lawsuits, investigations and claims, including, but not limited to, routine employment matters. Item 1A. Risk Factors. There have been no material changes from risk factors as previously disclosed in our annual report on Form 10-K filed on September 30, 2014.

10 Item 2. None. Item 3. None. Unregistered Sales of Equity Securities and Use of Proceeds. Defaults upon Senior Securities. Item 4. Not applicable. Mine Safety Disclosures. Item 5. None. Other Information. January 3, 2018 By: /s/ Paul D. Landrew Paul D. Landrew Chairman / CEO