10-K - ALTB - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

10-K

☒ ANNUAL

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

Forthe fiscal year ended December 31, 2021

☐

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. 333-204161

BALINCAN INTERNATIONAL INC.

(Exact

name of registrant as specified in its charter)

Nevada

(State

or other jurisdiction of incorporation)

6770

(Primary

Standard Industrial Classification Code Number)

38-3970138

(IRS

Employer Identification No.)

1185 Avenue of the Americas, 3rd Floor

New York, New York 10036

646-768-8417

(Address

and telephone number of registrant’s executive office)

Securities

registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None	N/A	N/A

Securities

registered pursuant to Section 12(g) of the Act: Common Stock

Indicate

by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

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 shorter period that the registrant as 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 every Interactive Data File required to be submitted 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 such files). Yes ☒ No ☐

Indicate

by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not

be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference

in Part III of this Form 10-K or any amendment to this Form 10-K. Yes ☒ No ☐

Indicate

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting

company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”

“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate

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

The

aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, as of June 30, 2021,

the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $39,060,000 based

on a closing price of $1.20 as of such date. Solely for purposes of this disclosure, shares of common stock held by executive

officers, directors, and beneficial holders of 10% or more of the outstanding common stock of the registrant as of such date have

been excluded because such persons may be deemed to be affiliates.

As

of January 19, 2022, the Registrant had 44,550,000 shares of common stock issued and outstanding.

BALINCAN

INTERNATIONAL INC.

FORM

10-K

ANNUAL

REPORT

For

the Fiscal Year Ended December 31, 2021

TABLE

OF CONTENTS

		Page
PART I
Item 1.	Business	1
Item 1A.	Risk<br><br> Factors	2
Item 1B.	Unresolved<br><br> Staff Comments	9
Item 2.	Properties	9
Item 3.	Legal<br><br> Proceedings	9
Item 4.	Mine<br><br> Safety Disclosures	9
PART II
Item 5.	Market<br><br> for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	10
Item 6.	Selected<br><br> Financial Data	10
Item 7.	Management’s<br><br> Discussion and Analysis of Financial Conditions and Results of Operations	10
Item 7A.	Quantitative<br><br> and Qualitative Disclosures About Market Risk	12
Item 8.	Financial<br><br> Statements and Supplementary Data	F-1
Item 9.	Changes<br><br> in and Disagreements with Accountants on Accounting and Financial Disclosure	13
Item 9A.	Controls<br><br> and Procedures	13
Item 9B.	Other<br><br> Information	14
PART III
Item 10.	Directors,<br><br> Executive Officers, and Corporate Governance	15
Item 11.	Executive<br><br> Compensation	18
Item 12.	Security<br><br> Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	19
Item 13.	Certain<br><br> Relationships and Related Transactions, and Director Independence	19
Item 14.	Principal<br><br> Accounting Fees and Services	19
PART IV
Item 15.	Exhibits,<br><br> Financial Statement Schedules	20

PART

ITEM

DESCRIPTION OF BUSINESS

used in this annual report, the terms “we”, “us”, “our”, “the Company”, mean Balincan

International Inc. unless otherwise indicated.

CautionaryNote Regarding Forward-Looking Statements

This

annual report contains forward-looking statements. These statements relate to future events or our future financial performance.

These statements often can be identified by the use of terms such as “may,” “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 may 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.

The

results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties, and risks

that may cause actual results to differ materially from these forward-looking statements include those described in Item 1A. –

Risk Factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of

new information, future events, or otherwise.

Descriptionof Business

Balincan

International Inc. f/k/a Alpine Auto Brokers, Inc.(“Balincan or the “Company”) was organized as Alpine Auto

Brokers, LLC in the state of Utah in December 2010. The Company sold automobiles and also provided dealer services,

for a fee.

The

Company was incorporated as Alpine Auto Brokers, Inc. on May 12, 2011, in the State of Nevada to locate and purchase used vehicles

at auctions, from private individuals, from other dealers and selling these vehicles specifically to consumers in Salt Lake City,

Utah. On January 1, 2014, the Company acquired 100 percent of the membership interests of Alpine Auto Brokers, LLC, a Utah Limited

Liability Company formed on December 10, 2010. The Company operated through its wholly-owned subsidiary Alpine Auto

Brokers, LLC.

The

acquisition was accounted for as a reverse recapitalization in which the operating entity’s historical financial statements

become those of the “accounting acquirer” in which historical operating results are presented from inception.

The

Company has been dormant since October 27, 2016.

August 18, 2021, the Eighth Judicial District Court in Clark County, Nevada Case No: A-20-816619-B appointed Custodian Ventures,

managed by David Lazar as the Company’s Receiver.

David

Lazar, 31, has been CEO and Chairman of the Company since August 18, 2021. David Lazar is a private investor. Mr. Lazar has been

a partner at Zenith Partners International since 2013, where he specializes in research and development, sales, and marketing.

From 2014 through 2015, David was the Chief Executive Officer of Dico, Inc., which was then sold to Peekay Boutiques. Since February

of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting distressed public

companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes in active investing

in distressed public companies. David has a diverse knowledge of financial, legal, and operations management; public company management,

accounting, audit preparation, due diligence reviews, and SEC regulations.

Competitionand Market Conditions

will face substantial competition in our efforts to identify and pursue a business venture. The primary source of competition

is expected to be from other companies organized and funded for similar purposes, including small venture capital firms, blank

check companies, and wealthy investors, many of which may have substantially greater financial and other resources than we do.

In light of our limited financial and human resources, we are at a competitive disadvantage compared to many of our competitors

in our efforts to obtain an operating business or assets necessary to commence our operations in a new field. Additionally, with

the economic downturn caused by the coronavirus pandemic, many venture capital firms and similar firms and individuals have been

seeking to acquire businesses at discounted rates, and we therefore currently face additional competition and resultant difficulty

obtaining a business. We expect these conditions to persist at least until the economy recovers. Further, even if we are successful

in obtaining a business or assets for new operations, we expect there to be enhanced barriers to entry in the marketplace in which

we decide to operate as a result of reduced demand and/or increased raw material costs caused by the pandemic and other economic

forces that are beyond our control.

Regulation

of the date of this Report, we are required to file reports with the Securities and Exchange Commission (the “SEC”)

by Section 13 of the Securities Exchange Act of 1934 (the “Exchange Act”).

Depending

on the direction management decides to take and a business or businesses we may acquire in the future, we may become subject to

other laws or regulations that require us to make material expenditures on compliance including the increasing state-level regulation

of privacy. Any such requirements could require us to divert significant human and capital resources on compliance, which could

have an adverse effect on our future operating results.

Employees

of the date of this Report, we do not have employees. However, an entity controlled by our Chief Executive Officer provides part-time

consulting services to us without compensation.

ITEM

1A. RISK FACTORS

RisksRelating to Our Business and Financial Condition

Wecurrently have no operations, and investors therefore have no basis on which to evaluate the Company’s future prospects.

currently have no operations and will be reliant upon a merger with or acquisition of an operating business to commence operations

and generate revenue. Because we have no operations and have not generated revenues, investors have no basis upon which to evaluate

our ability to achieve our business objective of locating and completing a business combination with a target business. We have

no current arrangements or understandings with any prospective target business concerning a business combination and may be unable

to complete a business combination in a reasonable timeframe, on reasonable terms, or at all. If we fail to complete a business

combination as planned, we will never generate any operating revenues.

Wemay face difficulties or delays in our search for a business combination, and we may not have access to sufficient capital toconsummate a business combination.

may face difficulty identifying a viable business opportunity or negotiating or paying for any resulting business combination.

Economic factors that are beyond our control, including the COVID-19 pandemic and consequent economic downturn, as well as increased

competition for acquisitions of operating entities that we expect to encounter as a result thereof, may hinder our efforts to

locate and/or obtain a business that is suitable for our business goals at a price we can afford and on terms that will enable

us to sufficiently grow our business to generate value to our shareholders. We have limited capital, and we may not be able to

take advantage of any available business opportunities on favorable terms or at all due to the limited availability of capital.

There can be no assurance that we will have sufficient capital to provide us with the necessary funds to successfully develop

and implement our plan of operation or acquire a business we deem to be appropriate or necessary to accomplish our objectives,

in which case we may be forced to terminate our business plan and your investment in the Company could become worthless.

Ifwe are not successful in acquiring a new business and generating material revenues, investors will likely lose their investment.

we are not successful in developing a viable business plan and acquiring a new business through which to implement it, our investors’

entire investment in the Company could become worthless. Even if we are successful in combining with or acquiring the assets of

an operating entity, we can provide no assurances that the Company will be able to generate significant revenue therefrom in the

short-term or at all or that investors will derive a profit from their investment. If we are not successful, our investors will

likely lose their entire investment.

Ifwe cannot manage our growth effectively, we may not become profitable.

Businesses,

including development-stage companies such as ours and/or any operating business or businesses we may acquire, often grow rapidly,

and tend to have difficulty managing their growth. If we can acquire an operating business, we will likely need to expand our

management team and other key personnel by recruiting and employing experienced executives and key employees and/or consultants

capable of providing the necessary support.

cannot assure you that our management will be able to manage our growth effectively or successfully. Our failure to meet these

challenges could cause us to lose money, and your investment could be lost.

Becausewe have limited capital, we may need to raise additional capital in the future by issuing debt or equity securities, the termsof which may dilute our current investors and/or reduce or limit their liquidation or other rights.

may require additional capital to acquire a business. We may not be able to obtain additional capital when required. Future business

development activities, as well as administrative expenses such as salaries, insurance, general overhead, legal and compliance

expenses, and accounting expenses, will require a substantial amount of additional capital. The terms of securities we issue in

future capital raising transactions may be more favorable to new investors and may include liquidation preferences, superior voting

rights, or the issuance of other derivative securities, which could have a further dilutive effect on or subordinate the rights

of our current investors. Any additional capital raised through the sale of equity securities will likely dilute the ownership

percentage of our shareholders. Additionally, any debt securities we issue would likely create a liquidation preference superior

to that of our current investors and, if convertible into shares of Common Stock, would also pose the risk of dilution.

Wemay be unable to obtain the necessary financing if and when required.

Our

ability to obtain financing, if and when necessary, may be impaired by such factors as the capital markets (both in general and

in the particular industry or industries in which we may choose to operate), our limited operating history, and current lack of

operations, the national and global economies, and the condition of the market for microcap securities. Further, economic downturns

such as the current global depression caused by the COVID-19 pandemic may increase our requirements for capital, particularly

if such economic downturn persists for an extended period of time or after we have acquired an operating entity, and may limit

or hinder our ability to obtain the funding we require. If the amount of capital we can raise from financing activities, together

with any revenues we may generate from future operations, is not sufficient to satisfy our capital needs, we may be required to

discontinue our development or implementation of a business plan, cancel our search for business opportunities, cease our operations,

divest our assets at unattractive prices or obtain financing on unattractive terms. If any of the foregoing should happen, our

shareholders could lose some or all of their investment.

Becausewe are still developing our business plan, we do not have any agreement for a business combination.

have no current arrangement, agreement, or understanding with respect to engaging in a business combination with any specific

entity. We may not be successful in identifying and evaluating a suitable acquisition candidate or in consummating a business

combination. We are neutral as to what industry or segment for any target company. We have not established specific metrics and

criteria we will look for in a target company, and if and when we do we may face difficulty reaching a mutual agreement with any

such entity, including in light of market trends and forces beyond our control. Given our early-stage status, there is considerable

uncertainty and therefore inherent risk to investors that we will not succeed in developing and implementing a viable business

plan.

TheCOVID-19 pandemic could materially adversely affect our financial condition, future plans, and results of operations.

This

COVID-19 pandemic has had a significant adverse effect on the economy in the United States and on most businesses. The Company

is not able to predict the ultimate impact that COVID -19 will have on its business; however, if the pandemic and government action

in response thereto impose limitations on our operations or result in a prolonged economic recession or depression, the Company’s

development and implementation of its business plan and our ability to commence and grow our operations, as well as our ability

to generate material revenue therefrom, will be hindered, which would have a material negative impact on the Company’s financial

condition and results of operations.

Becausewe are dependent upon David Lazar, our Chief Executive Officer, and sole director to manage and oversee our Company, the lossof him could adversely affect our plan and results of operations.

currently have a sole director and officer, David Lazar, who manages the Company and is presently evaluating a viable plan for

our future operations. We will rely solely on his judgment in connection with selecting a target company and the terms and structure

of any resulting business combination. The loss of our Chief Executive Officer could delay or prevent the achievement of our business

objectives, which could have a material adverse effect upon our results of operations and financial position. Further, because

Mr. Lazar serves as Chief Executive Officer and sole director and also holds a controlling interest in the Company’s Common

Stock, our other shareholders will have limited ability to influence the Company’s direction or management.

addition, although not likely, the officers and directors of an acquisition candidate may resign upon completion of a combination

with their business. The departure of a target’s key personnel could negatively impact the operations and prospects of our

post-combination business. The role of a target’s key personnel upon the completion of the transaction cannot be ascertained

at this time. Although we contemplate that certain or all members of a target’s management team may remain associated with

the target following a change of control thereof, there can be no assurance that all of such target’s management team will

decide to remain in place. The loss of key personnel, either before or after a business combination and including management of

either us or a combined entity could negatively impact the operations and profitability of our business.

RisksRelated to a Potential Business Acquisition

Wemay encounter difficulty locating and consummating a business combination, including as a result of the competitive disadvantageswe have.

expect to face intense competition in our search for a revenue-producing business to combine with or acquire. Given the current

economic climate, venture capital firms, larger companies, blank check companies such as special purpose acquisition companies,

and other investors are purchasing operating entities or the assets thereof in high volumes and at relatively discounted prices.

These parties may have greater capital or human resources than we do and/or more experience in a particular industry within which

we choose to search. Most of these competitors have a certain amount of liquid cash available to take advantage of favorable market

conditions for prospective business purchasers such as those caused by the recent pandemic. Any delay or inability to locate,

negotiate and enter into a business combination as a result of the relative illiquidity of our current asset or other disadvantages

we have relative to our competitors could cause us to lose valuable business opportunities to our competitors, which would have

a material adverse effect on our business.

Wemay expend significant time and capital on a prospective business combination that is not ultimately consummated.

The

investigation of each specific target business and any subsequent negotiation and drafting of related agreements, SEC disclosure,

and other documents will require substantial amounts of management’s time and attention and material additional costs in

connection with outsourced services from accountants, attorneys, and other professionals. We will likely expend significant time

and resources searching for, conducting due diligence on, and negotiating transaction terms in connection with a proposed business

combination that may not ultimately come to fruition. In such an event, all of the time and capital resources expended by the

Company in such a pursuit may be lost and unrecoverable by the Company or its shareholders. Unanticipated issues which may be

beyond our control or that of the seller of the applicable business may arise that force us to terminate discussions with a target

company, such as the target’s failure or inability to provide adequate documentation to assist in our investigation, a party’s

failure to obtain required waivers or consents to consummate the transaction as required by the inability to obtain the required

audits, applicable laws, charter documents and agreements, the appearance of a competitive bid from another prospective purchaser,

or the seller’s inability to maintain its operations for a sufficient time to allow the transaction to close. Such risks

are inherent in any search for a new business and investors should be aware of them before investing in an enterprise such as

ours.

Conflictsof interest may arise between us and our shareholders, directors, or management, which may have a negative impact on our abilityto consummate a business combination or favorable terms or generate revenue.

Our

Chief Executive Officer, Mr. Lazar, is not required to commit his full time to our affairs, which may result in a conflict of

interest in allocating his time between managing the Company and other businesses in which he is or may be involved. We do not

intend to have any employees prior to the consummation of a business combination. Mr. Lazar is not obligated to contribute any

specific number of hours to our affairs, and he may engage in other business endeavors while he provides consulting services to

the Company. If any of his other business affairs require him to devote substantial amounts of time to such matters, it could

materially limit his ability to devote his time and attention to our business which could have a negative impact on our ability

to consummate a business combination or generate revenue.

is possible that we obtain an operating company in which a director or officer of the Company has an ownership interest in or

that he or she is an officer, director, or employee of. If we do obtain any business affiliated with an officer or director, such

business combination may be on terms other than what would be arrived at in an arms-length transaction. If any conflict of interest

arises, it could adversely affect a business combination or subsequent operations of the Company, in which case our shareholders

may see diminished value relative to what would have been available through a transaction with an independent third party.

Wemay engage in a business combination that causes tax consequences to us and our shareholders.

Federal

and state tax consequences will, in all likelihood, be a significant factor in considering any business combination that we may

undertake. Under current federal law, such transactions may be subject to significant taxation to the buyer and its shareholders

under applicable federal and state tax laws. While we intend to structure any business combination so as to minimize the federal

and state tax consequences to the extent practicable in accordance with our business objectives, there can be no assurance that

any business combination we undertake will meet the statutory or regulatory requirements of a tax-free reorganization or similar

favorable treatment or that the parties to such a transaction will obtain the tax treatment intended or expected upon a transfer

of equity interests or assets. A non-qualifying reorganization, combination, or similar transaction could result in the imposition

of significant taxation, both at the federal and state levels, which may have an adverse effect on both parties to the transaction,

including our shareholders.

Itis unlikely that our shareholders will be afforded any opportunity to evaluate or approve a business combination.

is unlikely that our shareholders will be afforded the opportunity to evaluate and approve a proposed business combination. In

most cases, business combinations do not require shareholder approval under applicable law, and our Articles of Incorporation

and Bylaws do not afford our shareholders with the right to approve such a transaction. Further, Mr. Lazar, our Chief Executive

Officer, and sole director owns the vast majority of our outstanding Common Stock. Accordingly, our shareholders will be relying

almost exclusively on the judgment of our board of directors (“Board”) and Chief Executive Officer and any persons

on whom they may rely with respect to a potential business combination. In order to develop and implement our business plan, may

in the future hire lawyers, accountants, technical experts, appraisers, or other consultants to assist with determining the Company’s

direction and consummating any transactions contemplated thereby. We may rely on such persons in making difficult decisions in

connection with the Company’s future business and prospects. The selection of any such persons will be made by our Board,

and any expenses incurred or decisions made based on any of the foregoing could prove to be adverse to the Company in hindsight,

the result of which could be diminished value to our shareholders.

Becauseour search for a business combination is not presently limited to a particular industry, sector, or any specific target businesses,prospective investors will be unable to evaluate the merits or risks of any particular target business’s operations untilsuch time as they are identified and disclosed.

are still determining the Company’s business plan, and we may seek to complete a business combination with an operating

entity in any number of industries or sectors. Because we have not yet entered into any letter of intent or agreement to acquire

a particular business, prospective investors currently have no basis to evaluate the possible merits or risks of any particular

target business’s operations, results of operations, cash flows, liquidity, financial condition, prospects or other metrics

or qualities they deem appropriate in considering to invest in the Company. Further, if we complete a business combination, we

may be affected by numerous risks inherent in the operations of the business we acquire. For example, if we acquire a financially

unstable business or an entity lacking an established operating history, we may be affected by the risks inherent in the business

and operations of a new business or a development stage entity. Although our management intends to evaluate and weigh the merits

and risks inherent in a particular target business and make a decision based on the Company and its shareholders’ interests,

there can be no assurance that we will properly ascertain or assess all the significant risks inherent in a target business, that

we will have adequate time to complete due diligence or that we will ultimately acquire a viable business and generate material

revenue therefrom. Furthermore, some of these risks may be outside of our control and leave us with no ability to reduce the likelihood

that those risks will adversely impact a target business or mitigate any harm to the Company caused thereby. Should we select

a course of action, or fail to select a course of action, that ultimately exposes us to unknown or unidentified risks, our business

will be harmed and you could lose some or all of your investment.

Pastperformance by our management and their affiliates may not be indicative of future performance of an investment in us.

While

our Chief Executive Officer has prior experience in advising businesses, his past performance, the performance of other entities

or persons with which he is involved, or the performance of any other personnel we may retain in the future will not necessarily

be an indication of either (i) that we will be able to locate a suitable candidate for our initial business combination or (ii)

the future operating results of the Company including with respect to any business combination we may consummate. You should not

rely on the historical record of him or any other of our personnel or their affiliates’ performance as indicative of our

future performance or that an investment in us will be profitable. In addition, an investment in the Company is not an investment

in any entities affiliated with our management or other personnel. While management intends to endeavor to locate a viable business

opportunity and generate shareholder value, there can be no assurance that we will succeed in this endeavor.

Wemay seek business combination opportunities in industries or sectors that are outside of our management’s area of expertise.

will consider a business combination outside of our management’s area of expertise if a business combination candidate is

presented to us and we determine that such candidate offers an attractive opportunity for the Company. Although management intends

to endeavor to evaluate the risks inherent in any particular business combination candidate, we cannot assure you that we will

adequately ascertain or assess all the significant risks, or that we will accurately determine the actual value of a prospective

operating entity to acquire. In the event we elect to pursue an acquisition outside of the areas of our management’s expertise,

our management’s ability to evaluate and make decisions on behalf of the Company may be limited, or we may make material

expenditures on additional personnel or consultants to assist management in the Company’s operations. Investors should be

aware that the information contained herein regarding the areas of our management’s expertise will not necessarily be relevant

to an understanding of the business that we ultimately elect to acquire. As a result, our management may not be able to adequately

ascertain or assess all the significant risks or strategic opportunities that may arise. Accordingly, any shareholders in the

Company following a business combination could suffer a reduction in the value of their shares, and any resulting loss will likely

not be recoverable.

Wemay attempt to complete a business combination with a private target company about which little information is available, andsuch target entity may not generate revenue as expected or otherwise be compatible with us as expected.

pursuing our search for a business to acquire, we will likely seek to complete a business combination with a privately held company.

Very little public information generally exists about private companies, and the only information available to us prior to making

a decision may be from documents and information provided directly to us by the target company in connection with the transaction.

Such documents or information or the conclusions we draw therefrom could prove to be inaccurate or misleading. As such, we may

be required to make our decision on whether to pursue a potential business combination based on limited, incomplete, or faulty

information, which may result in our subsequent operations generating less revenue than expected, which could materially harm

our financial condition and results of operations.

Ourability to assess the management of a prospective target business may be limited and, as a result, we may acquire a target businesswhose management does not have the skills, qualifications, or abilities to enable a seamless transition, which could, in turn,negatively impact our results of operations.

When

evaluating the desirability of a potential business combination, our ability to assess the target business’s management

may be limited due to a lack of time, resources, or information. Our management’s assessment of the capabilities of the

target’s management, therefore, may prove to be incorrect and such management may lack the skills, qualifications, or abilities

expected. Further, in most cases, the target’s management may be expected to want to manage us and replace our Chief Executive

Officer. Should the target’s management not possess the skills, qualifications, or abilities necessary to manage a public

company or assist with their former entity’s merger or combination into ours, the operations and profitability of the post-acquisition

business may be negatively impacted and our shareholders could suffer a reduction in the value of their shares.

Anybusiness we acquire will likely lack diversity of operations or geographical reach, and in such a case, we will be subject torisks associated with dependence on a single industry or region.

Our

search for a business will likely be focused on entities with a single or limited business activity and/or that operate in a limited

geographic area. While larger companies can manage their risk by diversifying their operations among different industries and

regions, smaller companies such as ours and the entities we anticipate reviewing for a potential business combination generally

lack diversification, in terms of both the nature and geographic scope of their business. As a result, we will likely be impacted

more acutely by risks affecting the industry or the region in which we operate than we would if our business were more diversified.

In addition to general economic risks, we could be exposed to natural disasters, civil unrest, technological advances, and other

uncontrollable developments that will threaten our viability if and to the extent our future operations are limited to a single

industry or region. If we do not diversify our operations, our financial condition and results of operations will be at risk.

Changesin laws or regulations, or a failure to comply with the laws and regulations applicable to us, may adversely affect our business,ability to negotiate and complete a business combination, and results of operations.

are subject to laws and regulations enacted by federal, state, and local governments. In addition to SEC regulations, any business

we acquire in the future may be subject to substantial legal or regulatory oversight and restrictions, which could hinder our

growth and expend material amounts on compliance. Compliance with, and monitoring of, applicable laws and regulations may be difficult,

time-consuming, and costly. Those laws and regulations and their interpretation and application by courts and administrative judges

may also change from time to time, and any such changes could be unfavorable to us and could have a material adverse effect on

our business, investments, and results of operations. In addition, a failure to comply with applicable laws or regulations, as

interpreted and applied, could result in material defense or remedial costs and/or damages have a material adverse effect on our

financial condition.

RisksRelated to Our Common Stock

Dueto factors beyond our control, our stock price may be volatile.

There

is currently a limited market for our Common Stock, and there can be no guarantee that an active market for our Common Stock will

develop, even if we are successful in consummating a business combination. Recently, the price of our Common Stock has been volatile

for no reason. Further, even if an active market for our Common Stock develops, it will likely be subject to significant price

volatility when compared to more seasoned issuers. We expect that the price of our Common Stock will continue to be more volatile

than more seasoned issuers for the foreseeable future. Fluctuations in the price of our Common Stock can be based on various factors

in addition to those otherwise described in this Report, including:

●	General<br><br> speculative fever;
●	A<br><br> prospective business combination and the terms and conditions thereof;
---	---
●	The<br><br> operating performance of any business we acquire, including any failure to achieve material revenues therefrom;
---	---
●	The<br><br> performance of our competitors in the marketplace, both pre-and post-combination;
---	---
●	The<br><br> public’s reaction to our press releases, SEC filings, website content, and other public announcements and information;
---	---
●	Changes<br><br> in earnings estimates of any business that we acquire or recommendations by any research analysts who may follow us or other<br><br> companies in the industry of a business that we acquire;
---	---
●	Variations<br><br> in general economic conditions, including as may be caused by uncontrollable events such as the COVID-19 pandemic and the<br><br> resulting decline in the economy;
---	---
●	The<br><br> public disclosure of the terms of any financing we disclose in the future;
---	---

●	The<br><br> number of shares of our Common Stock that are publicly traded in the future;
●	Actions<br><br> of our existing shareholders, including sales of Common Stock by our then directors and then executive officers or by significant<br><br> investors; and
---	---
●	The<br><br> employment or termination of key personnel.
---	---

Many

of these factors are beyond our control and may decrease the market price of our Common Stock, regardless of whether we can consummate

a business combination and of our current or subsequent operating performance and financial condition. In the past, following

periods of volatility in the market price of a company’s securities, securities class action litigation has often been instituted.

A securities class action suit against us could result in substantial costs and divert our management’s time and attention,

which would otherwise be used to benefit our business.

Becausetrading in our Common Stock is so limited, investors who purchase our Common Stock may depress the market if they sell CommonStock.

Our

Common Stock trades on the OTC Pink Market, the successor to the pink sheets. The OTC Pink Market generally is illiquid, and most

stocks traded there are of companies that are not required to file reports with the SEC under the Exchange Act. Our Common Stock

itself infrequently trades.

Themarket price of our Common Stock may decline if a substantial number of shares of our Common Stock are sold at once or in largeblocks.

Presently

the market for our Common Stock is limited. If an active market for our shares develops in the future, some or all of our shareholders

may sell their shares of our Common Stock which may depress the market price. Any sale of a substantial number of these shares

in the public market, or the perception that such a sale could occur, could cause the market price of our Common Stock to decline,

which could reduce the value of the shares held by our other shareholders.

Futureissuance of our Common Stock could dilute the interests of our existing shareholders, particularly in connection with an acquisitionand any resulting financing.

may issue additional shares of our Common Stock in the future. The issuance of a substantial amount of our Common Stock could

substantially dilute the interests of our shareholders. In addition, the sale of a substantial amount of Common Stock in the public

market, either in the initial issuance or in a subsequent resale by the target company in a business combination which received

our Common Stock as consideration or by investors who has previously acquired such Common Stock could have an adverse effect on

the market price of our Common Stock.

Dueto recent changes to Rule 15c2-11 under the Securities Exchange Act of 1934, our Common Stock may become subject to limitationsor reductions on stock price, liquidity, or volume.

September 16, 2020, the SEC adopted amendments to Rule 15c2-11 under the Securities Exchange Act of 1934 (the “Exchange

Act”). This Rule applies to broker-dealers who quote securities listed on over-the-counter markets such as our Common Stock.

The Rule as amended prohibits broker-dealers from publishing quotations on OTC markets for an issuer’s securities unless

they are based on current publicly available information about the issuer. When it becomes effective, the amended Rule will also

limit the Rule’s “piggyback” exception, which allows broker-dealers to publish quotations for a security in

reliance on the quotations of a broker-dealer that initially performed the information review required by the Rule, to issuers

with current publicly available information or issuers that are up-to-date in their Exchange Act reports. As of this date, we

are uncertain as to what actual effect the Rule may have on us.

The

Rule changes could harm the liquidity and/or market price of our Common Stock by either preventing our shares from being quoted

or driving up our costs of compliance. Because we are a voluntary filer under Section 15(d) of the Exchange Act and not a public

reporting company, the practical impact of these changes is to require us to maintain a level of periodic disclosure we are not

presently required to maintain, which would cause us to incur material additional expenses. Further, if we cannot or do not provide

or maintain current public information about our company, our stockholders may face difficulties in selling their shares of our

Common Stock at desired prices, quantities, or times, or at all, as a result of the amendments to the Rule.

ITEM

1B. UNRESOLVED STAFF COMMENTS.

Not

applicable.

ITEM

PROPERTIES

The

Company’s principal business and corporate address is 1185 Avenue of the Americas, 3^rd^ Floor New York, New

York 10036.

ITEM

LEGAL PROCEEDINGS

are not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.

ITEM

MINE SAFETY DISCLOSURES

Not

applicable.

PART

ITEM

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MarketInformation

Our

Common Stock is not listed on any securities exchange and is quoted on the OTC Pink Market under the symbol “ALTD”.

Such quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission and do not necessarily represent

actual transactions.

The

last reported sales price of our common stock on the OTCQB on December 10, 2021 was $1.20.

Holders

of December 31, 2021, there were 19 shareholders of record of the Company’s Common Stock based upon the records of the shareholders

provided by the Company’s transfer agent. The Company’s transfer agent is VStock Transfer, LLC, 18 Lafayette Place

Woodmere, NY 11598, Telephone 212-828-8436

Dividends

have never paid or declared any dividends on our Common Stock and do not anticipate paying cash dividends in the foreseeable future.

SecuritiesAuthorized For Issuance Under Equity Compensation Plans

currently do not have any equity compensation plans.

UnregisteredSales of Equity Securities

have previously disclosed all sales of securities without registration under the Securities Act of 1933.

ITEM

SELECTED FINANCIAL DATA

Not

Applicable.

ITEM

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS

The

Company has no operations or revenue as of the date of this Report. We are currently in the process of developing a business plan.

Management intends to explore and identify viable business opportunities within the U.S. including seeking to acquire a business

in a reverse merger. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered

by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus

pandemic on the U.S. and global economies. For more information about the risk of Covid-19 on our business, see Item 1.A. - “Risk

Factors”.

Planof Operation

The

Company has no operations from a continuing business other than the expenditures related to running the Company and has no revenue

from continuing operations as of the date of this Report.

Management

intends to explore and identify business opportunities within the U.S., including a potential acquisition of an operating entity

through a reverse merger, asset purchase, or similar transaction. Our Chief Executive Officer has experience in business consulting,

although no assurances can be given that he can identify and implement a viable business strategy or that any such strategy will

result in profits. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by

risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus

pandemic on the U.S. and global economies. For more information about the risk of coronavirus on our business, see Item 1A “Risk

Factors.”

do not currently engage in any business activities that provide revenue or cash flow. During the next 12-month period we anticipate

incurring costs in connection with investigating, evaluating, and negotiating potential business combinations, filing SEC reports,

and consummating an acquisition of an operating business.

Given

our limited capital resources, we may consider a business combination with an entity which has recently commenced operations,

is a developing company or is otherwise in need of additional funds for the development of new products or services or expansion

into new markets, or is an established business experiencing financial or operating difficulties and is in need of additional

capital. Alternatively, a business combination may involve the acquisition of, or merger with, an entity which desires access

to the U.S. capital markets.

of the date of this Report, our management has not had any discussions with any representative of any other entity regarding a

potential business combination. Any target business that is selected may be financially unstable or in the early stages of development.

In such event, we expect to be subject to numerous risks inherent in the business and operations of a financially unstable or

early-stage entity. In addition, we may effect a business combination with an entity in an industry characterized by a high level

of risk or in which our management has limited experience, and, although our management will endeavor to evaluate the risks inherent

in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our

management anticipates that we will likely only be able to effect one business combination due to our limited capital. This lack

of diversification will likely pose a substantial risk in investing in the Company for the indefinite future because it will not

permit us to offset potential losses from one venture or operating territory against gains from another. The risks we face will

likely be heightened to the extent we acquire a business operating in a single industry or geographical region.

anticipate that the selection of a business combination will be a complex and risk-prone process. Because of general economic

conditions, including unfavorable conditions caused by the coronavirus pandemic, rapid technological advances being made in some

industries and shortages of available capital, management believes that there are a number of firms seeking business opportunities

at this time at discounted rates with which we will compete. We expect that any potentially available business combinations may

appear in a variety of different industries or regions and at various stages of development, all of which will likely render the

task of comparative investigation and analysis of such business opportunities extremely difficult and complicated. Once we have

developed and begun to implement our business plan, management intends to fund our working capital requirements through a combination

of our existing funds and future issuances of debt or equity securities. Our working capital requirements are expected to increase

in line with the implementation of a business plan and commencement of operations.

Based

upon our current operations, we do not have sufficient working capital to fund our operations over the next 12 months. If we are

able to close a reverse merger, it is likely we will need capital as a condition of closing that acquisition. Because of the uncertainties,

we cannot be certain as to how much capital we need to raise or the type of securities we will be required to issue. In connection

with a reverse merger, we will be required to issue a controlling block of our securities to the target’s shareholders which

will be very dilutive.

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 may not be available upon acceptable

terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage

of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

anticipate that we will incur operating losses in the next 12 months, principally costs related to our being obligated to file

reports with the SEC. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered

by companies in their early stage of development. Such risks for us include, but are not limited to, an evolving and

unpredictable business model, recognition of revenue sources, and the management of growth. To address these risks, we must, among

other things, develop, implement, and successfully execute our business and marketing strategy, respond to competitive developments,

and attract, retain, and motivate qualified personnel. There can be no assurance that we will be successful in addressing

such risks, and the failure to do so could have a material adverse effect on our business prospects, financial condition, and

results of operations.

COVID-19Update

date, the COVID-19 pandemic has not had a material impact on the Company, particularly due to our current lack of operations.

The pandemic may, however, have an impact on our ability to evaluate and acquire an operating entity through a reverse merger

or otherwise. See Item 1A “Risk Factors” for more information.

OffBalance Sheet Arrangements

of the date of this 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.

GoingConcern

The

independent registered public accounting firm auditors’ report accompanying our December 31, 2021 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

7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not

applicable.

BALINCAN INTERNATIONAL INC.

December 31, 2021

	Page
Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm	F-2
Balance Sheets	F-3
Statements of Operations and Comprehensive Loss	F-4
Statements of Changes in Stockholders’ Equity	F-5
Statements of Cash Flows	F-6
Notes to Financial Statements	F-7

F-1

Report

of Independent Registered Public Accounting Firm

To the shareholders and the board of directors of Balincan International, Inc.

Opinionon the Financial Statements

We have audited the accompanying balance sheets of Balincan International, Inc. as of December 31, 2021 and 2020, the related statements of operations, stockholders’ equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

SubstantialDoubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basisfor Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/S/ BF Borgers CPA PC

BFBorgers CPA PC

We have served as the Company’s auditor since 2021

Lakewood, CO

January 19, 2022

5041

F-2

Balincan

International, Inc.

Balance Sheets

			December 31,
			2020
Assets
Current<br><br> assets	-		$	-
Total<br><br> assets	-		$	-
Liabilities<br><br> and Stockholders’ Deficit
Current<br><br> Liabilities
Accrued<br><br> expenses and other liabilities	14,704			14,704
Notes<br><br> payable related parties	-			12,835
Total<br><br> current liabilities	14,704			27,539
Total<br><br> liabilities	14,704			27,539
Stockholders’<br><br> Deficit
Preferred<br><br> stock, 0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	10,000			-
Common<br><br> Stock - 0.001 par value, 100,000,000 shares authorized; 44,550,000 shares and 44,550,000 shares issued and outstanding<br><br> December 31, 2021 and December 31, 2020	44,550			44,550
Additional<br><br> paid in capital	540,297			192,106
Accumulated<br><br> deficit	(609,551	)		(264,195	)
Total<br><br> stockholders’ deficit	(14,704	)		(27,539	)
Total<br><br> liabilities and stockholders’ deficit	-		$	-

All values are in US Dollars.

The

accompanying notes are an integral part of these financial statements

F-3

Balincan

International, Inc.

Statements of Operations

	Year<br><br> ended<br><br><br> December 31,<br><br><br> 2021			Year<br><br> ended<br><br><br> December 31,<br><br><br> 2020
Revenue	$	-		$	-
Operating<br><br> expenses
Administrative<br><br> expenses		345,356			12,835
Total<br><br> operating expenses		345,356			12,835
Loss<br><br> from Operations		(345,356	)		(12,835	)
Net<br><br> Loss	$	(345,356	)	$	(12,835	)
Earnings<br><br> per share
Basic<br><br> and diluted	$	(0.01	)	$	(0.00	)
Weighted<br><br> average number of ordinary shares
Basic<br><br> and diluted		44,550,000			44,550,000

The

accompanying notes are an integral part of these financial statements

F-4

Balincan

International, Inc.

Statements of Changes in Shareholders’ Deficit

****	Preferred Stock				Common Stock				Additional paid in		Accumulated		****	****		****
****	Shares		Amount		Shares		Amount		capital		Deficit		****	Total		****
Balance,<br><br> December 31, 2019		-	$	-		44,550,000	$	44,550	$	192,106	$	(251,360	)	$	(14,704	)
Net<br><br> loss				-		-		-		-		(12,835	)		(12,835	)
Balance,<br><br> December 31, 2020		-	$	-		44,550,000	$	44,550	$	192,106	$	(264,195	)	$	(27,539	)
****	Preferred Stock				Common Stock				Additional paid in		Accumulated		****	****		****
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
****	Shares		Amount		Shares		Amount		capital		Deficit		****	Total		****
Balance,<br><br> December 31, 2020		-	$	-		44,550,000	$	44,550	$	192,106	$	(264,195	)	$	(27,539	)
Net<br><br> loss				-				-		-		(345,356	)		(345,356	)
Issuance<br><br> of preferred stock to related party		10,000,000		10,000						348,191					358,191
Balance,<br><br> December 31, 2021		10,000,000	$	10,000		44,550,000	$	44,550	$	540,297	$	(609,551	)	$	(14,704	)

The

accompanying notes are an integral part of these financial statements

F-5

Balincan

International, Inc.

Statements of Cash Flows

	Year<br><br> ended<br><br><br> December 31,<br><br><br> 2021			Year<br><br> ended<br><br><br> December 31,<br><br><br> 2020
Net loss	$	(345,356	)	$	(12,835	)
Stock-based compensation		300,000
Changes<br><br> in assets and liabilities
Net<br><br> cash used in operating activities		(45,356	)		(12,835	)
Cash Flows<br><br> From Financing Activities
Notes<br><br> payable related parties-net		45,356			12,835
Net cash (used in) provided<br><br> by financing activities		45,356			12,835
Net (decrease) increase in<br><br> cash and cash equivalents		-			-
Cash<br><br> and cash equivalents, beginning of year		-			-
Cash<br><br> and cash equivalents, end of year	$	-		$	-
Supplemental<br><br> disclosure of cash flow information	$	-		$	-
Cash<br><br> paid for income tax expense	$	-		$	-
Cash paid for interest expense		-

The

accompanying notes are an integral part of these financial statements

F-6

BALINCAN

INTERNATIONAL INC.

NOTES

TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE

1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Balincan

International Inc. f/k/a Alpine Auto Brokers, Inc.(“Balincan or the “Company”) was organized as Alpine Auto

Brokers, LLC in the state of Utah in December 2010. The Company sold automobiles and also provided dealer services, for a fee.

The

Company was incorporated as Alpine Auto Brokers, Inc. on May 12, 2011, in the State of Nevada for the purpose of locating and

purchasing used vehicles at auctions, from private individuals, from other dealers and selling these vehicles specifically to

consumers in Salt Lake City, Utah. On January 1, 2014 the Company acquired 100 percent of the membership interests of Alpine Auto

Brokers, LLC, a Utah Limited Liability Company formed on December 10, 2010. The Company operated through its wholly-owned subsidiary

Alpine Auto Brokers, LLC.

The

acquisition was accounted for as a reverse recapitalization in which the operating entity’s historical financial statements

become those of the “accounting acquirer” in which historical operating results are presented from inception.

The

Company has been dormant since October 27, 2016.

August 18, 2021, the Eight Judicial District Court in Clark County, Nevada Case No: A-20-816619-B appointed Custodian Ventures,

managed by David Lazar as the Company’s Receiver.

The

Company’s year-end is December 31,

NOTE

2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basisof Presentation

The

accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”)

“FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative

accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements

in conformity with generally accepted accounting principles (“GAAP”) in the United States.

Principlesof consolidation

The

consolidated financial statements include the financial statements of all the subsidiaries. All inter-company transactions and

balances have been eliminated upon consolidation.

Useof estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, determination of the inputs to calculate the fair market value of preferred stock issuances, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount and the estimated useful lives of long-lived assets.

Cashand cash equivalents

Cash

and cash equivalents consist of cash on hand, cash in bank with no restrictions, as well as highly liquid investments which are

unrestricted as to withdrawal or use, and which have remaining maturities of three months or less when initially purchased. As

of December 31, 2021 the Company had no cash on hand.

F-7

BALINCAN

INTERNATIONAL INC.

NOTES

TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Incometaxes

The

Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740,

deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial

statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities

are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are

expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax

rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting forUncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement

recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized,

a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

The

amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate

settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts

or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability

under audit.

NetLoss per Share

Net

loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as

defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”)

calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during

the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number

of common shares and dilutive common share equivalents outstanding.

RecentAccounting Pronouncements

There

are no recent accounting pronouncements that impact the Company’s operations.

NOTE

3 – GOING CONCERN

As

of December 31, 2021, the Company had $-0- in cash and cash equivalents. The Company had net loss of $345,356 for the year ended

December 31, 2021, has negative working capital of $14,704 and accumulated deficit of $609,551 on December 31, 2021. The Company’s

principal sources of liquidity have been cash provided by operating activities, as well as financial support from related parties.

The Company’s operating results for future periods are subject to numerous uncertainties and it is uncertain if the Company

will be able to maintain profitability and continue growth for the foreseeable future. If management is not able to increase revenue

and/or manage operating expenses in line with revenue forecasts, the Company may not be able to maintain profitability. These

factors raise substantial doubt about the Company’s ability to continue as a going concern.

The

Company will focus on improving operation efficiency and cost reduction, developing core cash-generating business, and enhancing

marketing function. Actions include developing more customers, as well as creating synergy using the Company’s resources.

The

Company believes that available cash and cash equivalents, the cash provided by operating activities, together with actions as

developing more customers and create synergy of the Company’s resources, should enable the Company to meet presently anticipated

cash needs for at least the next 12 months after the date that the financial statements are issued and the Company has prepared

the consolidated financial statements on a going concern basis. If the Company encounters unforeseen circumstances that place

constraints on its capital resources, management will be required to take various measures to conserve liquidity, which could

include, but not necessarily be limited to, obtaining financial support from related parties, and controlling overhead expenses.

Management cannot provide any assurance that the Company’s efforts will be successful. The consolidated financial statements

do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the

amounts and classification of liabilities that may result from the outcome of these uncertainties.

F-8

BALINCAN

INTERNATIONAL INC.

NOTES

TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE

4 – EQUITY

Commonstock

The

Company has authorized 100,000,000 100,000,000 shares of $0.001 par value, common stock. As of December 31, 2021 and December 31, 2020 there were 44,550,000 shares of Common Stock issued and outstanding.

Preferredstock

On

November 12, 2021, the Company filed a Certificate of Designation with the State of Nevada creating 10,000,000 shares of Series

A Preferred Stock (“Series A) with a par value of $0.001. Series A have the following attributes:

DividendProvisions

Subject

to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time

to time hereafter come into existence, the holders of shares of Series A Preferred Stock shall be entitled to receive dividends,

out of any assets legally available therefor, upon any payment of any dividend (payable other than in Common Stock or other securities

and rights convertible into or entitling the holder thereof to receive, directly or indirectly, additional shares of Common Stock

of the Corporation) on the Common Stock of the Corporation, as and if declared by the Board of Directors, as if the Series A Preferred

Stock had been converted into Common Stock.

LiquidationPreference

In

the event of any liquidation, dissolution, or winding up of the Corporation, either voluntary or involuntary, the holders of the

Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets of the

Corporation to the holders of Common Stock, or any other series or class of common stock of the Corporation, whether now in existence

or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate of designation, by reason

of their ownership thereof, and senior, prior, and in preference to any other series or class of preferred stock of the Corporation,

whether now in existence or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate

of designation, an amount per share equal to the price per share actually paid to the Corporation upon the initial issuance of

the Series A Preferred Stock (each, the “the Original Issue Price”) for each share of Series A Preferred Stock then

held by them, plus declared but unpaid dividends. Unless the Corporation can establish a different Original Issue Price in connection

with a particular sale of Series A Preferred Stock, the Original issue price shall be $0.001 per share for the Series A Preferred

Stock. If, upon the occurrence of any liquidation, dissolution or winding up of the Corporation, the assets and funds thus distributed

among the holders of the Series A Preferred Stock shall be insufficient to permit the payment to such holders of the full aforesaid

preferential amounts, then, the entire assets and funds of the corporation legally available for distribution shall be distributed

first to the Series A Preferred Stock, and then ratably among the holders of the each other series of Preferred Stock in proportion

to the preferential amount each such holder is otherwise entitled to receive.

Redemption

The

Series A Preferred Stock shares are non-redeemable other than upon the mutual agreement of the Corporation and the holder of shares

to be redeemed, and even in such case only to the extent permitted by this Certificate of Designation, the Corporation’s

Articles of Incorporation and applicable law.

F-9

BALINCAN

INTERNATIONAL INC.

NOTES

TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE4 – EQUITY (continued)

Rightto Convert

The

holder of issued and outstanding shares of Series A Preferred Stock shall be entitled to convert the Series A Preferred Stock,

at the option of the holder(s) thereof, at any time after the date of issuance of such shares, at the office of the Corporation

or any transfer agent for such stock, into such number of fully paid and nonassessable shares of Common Stock that are equal to

ninety percent (90%), post conversion, of the total number of issued and outstanding shares of Common Stock of the Corporation,

as if all i) Series A Preferred Stock, ii) other issued and outstanding classes or series of common or preferred stock of the

Corporation convertible into Common Stock of the Corporation, and iii) outstanding warrants, notes, indentures and/or other instruments,

obligations or securities convertible into Common Stock of the Corporation are converted (the “Conversion Shares”),

with the shares of Series A Preferred Stock so converted to be converted into the number of common shares equal to the Conversion

Shares multiplied by the quotient of the number of the shares of Series A Preferred Stock converted by a holder divided by the

number of all Series A Preferred Stock issued and outstanding.

On

November 16, 2021, the Company issued these 10,000,000 Series A shares to Custodian Ventures to settle a judgement due of $7,457

due to Custodian Ventures, to pay off $50,734 in debt owed by the Company to Custodian Ventures and for services provided by David

Lazar, the managing director of Custodian Ventures. The Series A shares which are convertible into 90% of the common shares outstanding

of the Company, were valued at $300,000, and recorded as stock based compensation on the Company’s Statements of Operations

for the year ended December 31, 2021. The fair market value of $300,000 for these preferred shares was based upon a comparison of recent selling prices of shell companies with attributes similar to the Company.

NOTE

5 – RELATED PARTY NOTES PAYABLE, AND ACCRUED EXPENSES AND OTHER LIABILITIES

The

Company’s court appointed Receiver, Custodian Ventures, LLC has provided interest free demand loans to the Company to help

fund operations. As of December 31, 2021 and December 31, 2020 the amounts due to the Custodian Ventures was $-0- and $12,385,

respectively.

Additionally,

the Company has $14,704 in accrued expenses and other liabilities as of December 31, 2021 and December 31, 2020. These liabilities

date back to 2016.

NOTE

6 – COMMITMENTS AND CONTINGENCIES

The

Company did not have any contractual commitments as of December 31, 2021.

NOTE

7 – SUBSEQUENT EVENTS

accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial

statements were available to be issued and has determined that it does not have any material subsequent events to disclose in

these financial

F-10

ITEM

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not

applicable

ITEM

9A. CONTROLS AND PROCEDURES

Evaluationof Disclosure 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.

Management’sReport on Internal Control over Financial Reporting.

Our

management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules

13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed 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. Our internal control over financial reporting includes those policies

and procedures that:

●	pertain<br><br> to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions<br><br> of our assets;
●	provide<br><br> reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance<br><br> with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with<br><br> authorizations of our management and directors; and
●	provide<br><br> reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets<br><br> that could have a material effect on the financial statements.

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 policies or procedures may deteriorate.

Our

management assessed the effectiveness of our internal control over financial reporting based on the parameters set forth above

and has concluded that as of December 31, 2021, our internal control over financial reporting was not effective to provide reasonable

assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in

accordance with U.S. generally accepted accounting principles as a result of the following material weaknesses:

●	The<br><br> Company does not have sufficient segregation of duties within accounting functions due to only having one officer and limited<br><br> resources.
●	The<br><br> Company does not have an independent board of directors or an audit committee.
●	The<br><br> Company does not have written documentation of our internal control policies and procedures.
●	All<br><br> of the Company’s financial reporting is carried out by a financial consultant.

plan to rectify these weaknesses by implementing an independent board of directors, establishing written policies and procedures

for our internal control of financial reporting, and hiring additional accounting personnel at such time as we complete a reverse

merger or similar business acquisition.

Changesin Internal Control over Financial Reporting.

There

have been no change in our internal control over financial reporting during the year December 31, 2021 that has materially affected,

or is reasonably likely to materially affect, our internal control over financial reporting.

ITEM

9B. OTHER INFORMATION.

None.

PART

III

ITEM

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The

following table sets forth the names and positions of our executive officers and directors. Directors will be elected at our annual

meeting of stockholders and serve for one year or until their successors are elected and qualify. Officers are elected by the

Board and their terms of office are, except to the extent governed by employment contract, at the discretion of the Board.

Name	Age	Positions
David<br><br> Lazar	31	Director,<br><br> Chief Executive Officer, Treasurer, and Secretary

David

Lazar, 30, has been CEO and Chairman of the Company since December 30, 2021. David Lazar is a private investor. Mr. Lazar has

been a partner at Zenith Partners International since 2013, where he specializes in research and development, sales, and marketing.

From 2014 through 2015, David was the Chief Executive Officer of Dico, Inc., which was then sold to Peekay Boutiques. Since February

of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting distressed public

companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes in active investing

in distressed public companies. David has a diverse knowledge of financial, legal and operations management; public company management,

accounting, audit preparation, due diligence reviews and SEC regulations.

MARKET			FROM		TO
NAME OF ISSUER	TRADED ON	POSITION(S) HELD	MM	YYYY	MM	YYYY
Rarus<br><br> Technologies, Inc. (RARS)	OTCBB	CEO,<br><br> Director	01	2018	05	2018
DRS,<br><br> Inc. (DRSX)		CEO,<br><br> Director	07	2018	11	2018
Energenx,<br><br> Inc. (EENX)	OTC	CEO	03	2018	07	2018
Melt,<br><br> Inc. (MLTC)	OTC	Director	10	2018	03	2019
Nevtah<br><br> Capital Management Corporation (NTAH)	OTC<br><br> – US	President,<br><br> Chief Executive Officer & Secretary	03	2019	05	2020
Mediashift,<br><br> Inc. (MSHFQ)	OTC	Chairman,<br><br> President, CEO, CFO & Secretary	03	2019	09	2019
Sollensys<br><br> Corp. (SOLS)	OTC<br><br> Market	President,<br><br> CEO, Secretary & Director	12	2019	08	2020
Foru<br><br> Holdings, Inc (FORU)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	Current
Superbox,<br><br> Inc (SBOX)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	02	2021
Petrone<br><br> Worldwide, Inc (PFWIQ)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	Current
Gushen,<br><br> Inc (GSHN)	OTC<br><br> – US	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	12	2020
Reliance<br><br> Global Group Inc. (RELI)	OTC	Director	03	2020	06	2020
GHAR,<br><br> Inc. (GHAR)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	06	2020
PhoneBrasil<br><br> (PHBR)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	08	2020	12	2020
XXStream<br><br> Entertainment, Inc.	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	07	2020	12	2020
Adorbs<br><br> Inc.	N/A	Chairman,<br><br> President, CEO, CFO & Secretary	07	2020	Current
China<br><br> Botanic Pharmaceutical, Inc (CBPI)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	02	2021	08	2021
C2E<br><br> Energy Inc. (OOGI)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	02	2021	06	2021

Finotec<br><br> (FTGI)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	03	2020	01	2021
3D<br><br> Makerjet Inc. (MRJT)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	07	2020	03	2021
Pan<br><br> Global Corp. (PGLO)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	07	2020	07	2021
Balincan<br><br> International, Inc. (ALTB)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	08	2021	Current
Shengshi<br><br> Elevator International (SSDT)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	05	2021	12	2021
Romulus<br><br> Corp. (RMLS)	OTC<br><br> Markets	Chairman,<br><br> President, CEO, CFO & Secretary	08	2021	08	2021

David

Lazar was also the sole officer and director of Shentang International, Inc. (“Shentang”), which is a blank check

company. On April 29, 2020, Plentiful Limited, a Samoan company, purchased 10,000,000 shares of Shentang’s preferred stock,

par value $0.001 per share, representing 98% of the voting stock, from Custodian Ventures for $225,000. This concluded Mr. Lazar’s

association with Shentang. A business combination has yet to occur. Shentang has not registered any offerings under the Securities

Act.

David

Lazar was also the sole officer and director of Guozi Zhongyu Capital Holdings (formerly Melt Inc.) (“Guozi”), which

was a blank check company. On February 27, 2019, Zhicheng RAO, purchased 2,185,710,000 shares of Guozi’s common stock, par

value $0.00001 per share, from Custodian Ventures for $325,000, representing 99% of the voting stock. This concluded Mr. Lazar’s

association with Guozi. Guozi has not registered any offerings under the Securities Act.

David

Lazar was also the sole officer and director of Cang Bao Tian Xia International Art Trade Center Inc. (formerly Zhongchai Machinery,

Inc.) (“Cang”), which is a blank check company. On December 16, 2018, Xingtao Zhou and Yaqin Fu purchased 3,096,200

shares of common stock and 10,000,000 shares (the “Shares”) of preferred stock, each par value $0.001 per share, representing

approximately 99% of the voting capital, from Custodian Ventures for $375,000. This concluded Mr. Lazar’s association with

Cang. A business combination has yet to occur. Cang has not registered any offerings under the Securities Act.

Except

for GHAR, Inc, Adorbs, Inc. and Reliance Global Group Inc., Mr. Lazar took control of all of the companies listed by becoming

the Court-appointed custodian through Custodian Ventures LLC and entity in which he is the managing member.

Electionof Directors and Officers

Directors

are elected to serve until the next annual meeting of stockholders and until their successors have been elected and qualified.

Officers are appointed to serve until the meeting of the Board following the next annual meeting of stockholders and until their

successors have been elected and qualified.

AuditCommittee

do not have any committees of the Board as we only have one director.

DirectorIndependence

do not currently have any independent directors. We evaluate independence by the standards for director independence established

by Marketplace Rule 5605(a)(2) of the Nasdaq Stock Market, Inc.

BoardLeadership Structure

have chosen to combine the Chief Executive Officer and Board Chairman positions since one person is our sole officer and director.

Codeof Ethics

Our

Board has not adopted a Code of Ethics due to the Company’s size and lack of employees. As of the date of this Report, our

sole director is also our Chief Executive Officer.

DelinquentSection 16(a) Reports

Section

16(a) of the Exchange Act requires the Company’s directors, executive officers, and persons who own more than 10% of the

Company’s Common Stock to file initial reports of ownership and changes in ownership of the Company’s Common Stock

with the SEC. These individuals are required by the regulations of the SEC to furnish us with copies of all Section 16(a) forms

they file. Based solely on a review of the copies of the forms furnished to us none of Company’s directors, executive officers,

and persons who own more than 10% of the Company’s Common Stock failed to comply with Section 16(a) filing requirements.

ITEM

EXECUTIVE COMPENSATION

The

following information is related to the compensation paid, distributed, or accrued by us for the fiscal year ended December 31,

2021 to our Chief Executive Officer (principal executive officer) during the last fiscal year and the two other most highly compensated

executive officers serving as of the end of the last fiscal year whose compensation exceeded $100,000 (the “Named Executive

Officers”):

did not pay any compensation to our Chief Executive Officers (the “Named Executive Officers”) during the last two

fiscal years.

NamedExecutive Officer Employment Agreements

None.

TerminationProvisions

of the date of this Report, we have no contract, agreement, plan, or arrangement, whether written or unwritten, that provides

for payments to a Named Executive Officer at, following, or in connection with any termination, including without limitation resignation,

severance, retirement or a constructive termination of a Named Executive Officer, or a change in control of the Company or a change

in the Named Executive Officer’s responsibilities, with respect to each Named Executive Officer.

OutstandingEquity Awards at Fiscal Year End

of December 31, 2021 none of our Named Executive Officers held any unexercised options, stock that have not vested, or other equity

incentive plan awards.

DirectorCompensation

date, we have not paid our director any compensation for services on our Board.

EquityCompensation Plan Information

The

Company does not have any securities authorized for issuance or outstanding under an equity compensation plan or equity compensation

grants made outside of such a plan.

ITEM

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The

following table sets forth certain information regarding beneficial ownership of the Company’s Common Stock as of December

31, 2021, by (i) each person who is known by the Company to own beneficially more than 5% of any classes of outstanding Common

Stock, (ii) each director of the Company, (iii) each of the Chief Executive Officers and the executive officers (collectively,

the “Named Executive Officers”) and (iv) all directors and executive officers of the Company as a group based

upon 44,550,000 shares outstanding.

Name and Address of Beneficial Owners of<br><br> Common Stock	Title of Class
David<br><br> Lazar<br> <br>1185<br><br> Avenue of the Americas, 3^rd^ Floor<br> <br>New<br><br> York, New York 10036	Common	-	0	%
	Preferred	10,000,000	90	%
DIRECTORS AND OFFICERS – TOTAL<br> (One Officer and Director)		-	0	%
Tsz Ting IP <br> FLAT 601 6/F PING WONG HOUSE <br> PING TIN ESTATE LAM TIN <br> KOWLOON <br><br><br> HONG KONG	Common Stock	12,000,000	26.9	%

ITEM

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Not

applicable.

ITEM

PRINCIPAL ACCOUNTANT FEES AND SERVICES

For

the years ended December 31, 2021 and December 31, 2020 the Company paid $7,800 and $7,800, respectively in accounting fees.

PART

ITEM

EXHIBITS AND FINANCIAL STAATEMENT SCHEDULES

31.1	Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act
32.1	Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant Section 906 of the Sarbanes-Oxley Act
101.INS	XBRL<br><br> Instance Document (furnished herewith)*
101.SCH	XBRL<br><br> Taxonomy Extension Schema Document (furnished herewith)*
101.CAL	XBRL<br><br> Taxonomy Extension Calculation Linkbase Document (furnished herewith)*
101.DEF	XBRL<br><br> Taxonomy Extension Definition Linkbase Document (furnished herewith)*
101.LAB	XBRL<br><br> Taxonomy Extension Label Linkbase Document (furnished herewith)*
101.PRE	XBRL<br><br> Taxonomy Extension Presentation Linkbase Document (furnished herewith)*

SIGNATURES

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.

	BALINCAN INTERNATIONAL INC.
Dated:<br><br> January 19, 2022	By:	/s/ David Lazar
		David<br><br> Lazar<br><br><br> <br>Chief<br><br> Executive Officer<br><br><br> <br>(Principal<br><br> Executive Officer)

Exhibit31.1

CERTIFICATIONOF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER

David Lazar, certify that:

1.	I<br><br> have reviewed this annual report on Form 10-K of Balincan International Inc;
2.	Based<br><br> on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary<br><br> to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to<br><br> the period covered by this report;
---	---
3.	Based<br><br> on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material<br><br> respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in<br><br> this report;
---	---
4.	The<br><br> registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures<br><br> (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange<br><br> Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
---	---
a)	designed<br><br> such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,<br><br> to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others<br><br> within those entities, particularly during the period in which this report is being prepared;
---	---
b)	designed<br><br> such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our<br><br> supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements<br><br> for external purposes in accordance with generally accepted accounting principles;
---	---
c)	evaluated<br><br> the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about<br><br> the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;<br><br> and
---	---
d)	disclosed<br><br> in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s<br><br> most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,<br><br> or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
---	---
5.	The<br><br> registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial<br><br> reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing<br><br> the equivalent functions):
---	---
a)	all<br><br> significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are<br><br> reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;<br><br> and
---	---
b)	any<br><br> fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s<br><br> internal control over financial reporting.
---	---
Dated:<br><br> January 19, 2022	By:	/s/ David Lazar
---	---	---
		David<br><br> Lazar
		Chief<br><br> Executive Officer
		(Principal<br><br> Executive Officer and
		Principal<br><br> Financial Officer)

Exhibit32.1

CERTIFICATIONPURSUANT TO 18 U.S.C. SECTION 1350AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

connection with the Annual Report of BALINCAN INTERNATIONAL INC. (the “Company”) on Form 10-K for the year ended December

31, 2021, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David Lazar, Chief Executive

Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002,

that:

(1)	The<br><br> Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The<br><br> information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of<br><br> the Company.
---	---
Dated:<br><br> January 19, 2022	By:	/s/ David Lazar
---	---	---
		David<br><br> Lazar
		Chief<br><br> Executive Officer
		(Principal<br><br> Executive Officer and
		Principal<br><br> Financial Officer)