CHINA SHIANYUN GROUP CORP., LTD.

Except as otherwise indicated by the context, references in this Annual Report on Form 10-K (this "Form 10-K") to the "Company," "China Shianyun" "we," "us" or "our" are references to the combined business of China Shianyun Group Corp., Ltd. and its consolidated subsidiaries.  References to "Plenty Fame" are references to our wholly-owned BVI subsidiary, Plenty Fame Holding, Limited"; references to "Prospect" are references to our wholly-owned Hong Kong subsidiary, Prospect Hong Kong Development Limited; references to "Jiangxi Jien" are references to our wholly-owned PRC subsidiary, Jiangxi Jien Industries Limited.; references to "Shenzhen Jien" are to our wholly-owned PRC subsidiary, Shenzhen Jien Electronic Commerce Company Limited. References to "China" or "PRC" are references to the People's Republic of China.  References to "BVI" are reference to British Virgin Islands. References to "Hong Kong" or "HK" are references to Hong Kong Special Administrative Region of China. References to "RMB" are to Renminbi, the legal currency of China, and all references to "$" and dollar are to the U.S. dollar, the legal currency of the United States.

The Internet of Things (IoT) starts with the things—the things that matter most to the business. IoT is about making the things and the data come together in new ways. We designed the "GEN +ME" chips and developed our IoT system, which will integrated the IoT data with the existing business systems such as CRM, ERP, and supply chain. We will gather related information from the things using our "GEN +ME" chips and the IoT system will send the solutions to the customers on their needs. The IoT system can increase reliability and uptime of the processes as well as decrease costly outages and expensive repairs with prescriptive maintenance. 

The Financial Accounting Standards Board and other entities issued new or modifications to, or interpretations of, existing accounting guidance during the period.  Management has carefully considered the new pronouncements that altered generally accepted accounting principles and does not believe that any other new or modified principles will have a material impact on the Company's reported financial position or operations in the near term.

The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to March 31, 2015 through the date these financial statements were issued.

The Financial Accounting Standards Board and other entities issued new or modifications to, or interpretations of, existing accounting guidance during the period. Management has carefully considered the new pronouncements that altered generally accepted accounting principles and does not believe that any other new or modified principles will have a material impact on the Company's reported financial position or operations in the near term.