2.
           BASIS OF PRESENTATION
 
The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.
 
The consolidated financial statements are presented in Hong Kong dollars, which is the Company’s functional currency, because the Company’s operations are primarily located in Hong Kong. For illustrative purposes, the exchange rate adopted for the presentation of financial information as of and for the year ended
December
31,
2016
has been made at
HK$7.8
to
US$1.00.
No representation is made that the HK$ amount could have been, or could be, converted into United States Dollars at that rate on
December
31,
2016
or at any other date.
 
The Company has evaluated subsequent events after the balance sheet date of
December
31,
2016
through the date this annual report is filed.