INTRODUCTION

This section provides management's discussion of the financial condition, changes in financial condition and results of operations of China Changjiang Mining & New Energy Company, Ltd. with specific information on results of operations and liquidity and capital resources. It includes management's interpretation of our financial results, the factors affecting these results, the major factors expected to affect future operating results and future investment and financing plans. This discussion should be read in conjunction with our consolidated financial statements and notes thereto.

Cautionary Statement for the Purposes of the Safe Harbor under the Private Securities Litigation Reform Act of 1995

The statements contained in this Annual Report on Form 10-K may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this Report are forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this Report, or any other of our documents or oral presentations, the words "anticipate", "believe", "estimate", "expect", "forecast", "goal", "intend", "objective", "plan", "projection", "seek", "strategy" or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements relating to our strategy, operations, markets, services, and other factors all of which are difficult to predict and many of which are beyond our control. Accordingly, while we believe these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. Further, we undertake no obligation to update or revise any of our forward-looking statements whether as a result of new information, future events or otherwise.

Results of Operations for China Changjiang Mining & New Energy Company, Ltd.. -Comparison of the Years ended December 31, 2022 and 2021





Revenue

We had no revenues from operations during either 2022 or 2021.

Selling and General & Administrative Expense

General and Administrative Expenses were $0 for the year ended December 31, 2022 compared to $0 for the year ended December 31, 2021, an decrease of $0.





Other Income(expense)

During the year ended December 31, 2022 and 2021, we gained $371,024 from foreign exchange compared to loss of 119,757 for the year ended December 31, 2021, an increase of 490,781.







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Net Profit/Loss

We had a net profit of $371,024 for the year ended December 31, 2022, compared to a net loss $119,757 for the year ended December 31, 2021.

Liquidity and Capital Resources

As of December 31, 2022, we had $0 of cash, 3,728,658 in liabilities, and an accumulated deficit of $19,918,801. We used zero of cash in operations for the year ended December 31, 2022 and received net proceeds from financing of $0.

The financial statements accompanying this Report have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of our business. As reflected in the accompanying financial statements, we have not yet generated any revenue, had a net profit of $371,024 and have an accumulated stockholders' deficit of $19,918,801 as of December 31, 2022. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional funds and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

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