Note 6 – Income Taxes

For the year ended June 30, 2017, The Company conducts businesses in Hong Kong through Atlas Trading, and is subject to tax under the jurisdiction of Hong Kong. As a result of its business activities, the Company files tax returns that are subject to examination by the local tax authority. The statutory tax rate for corporate income tax in Hong Kong is 16.5%

For the year ended June 30, 2017 and the eleven months ended June 30, 2016, the Company has recognized $135,073 and $0 income tax expenses, respectively. The effective tax rate for the respective periods then ended are 52% and 0%.

Atlas Technology, which acts as a holding company on a non-consolidated basis, does not plan to engage any business activities and current or future loss will be fully allowed.

Atlas China was not engaged in any business activities for the year ended June 30, 2017, and current loss was fully allowed.