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Since Wunong Net Technology Company Limited and its subsidiaries are effectively managed by the same controlling shareholders before and after the Reorganization, they are considered to be under widespread control. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated monetary statements are free of material misstatement, whether or not because of error or fraud. The consolidation of the Company and its subsidiaries has been accounted for at historical value and prepared on the basis as if the aforementioned transactions had turn out to be effective as of the start of the primary interval offered within the accompanying consolidated financial statements.

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Besides the quality of its infrastructures, the port of Djibouti’s strategic geographic place on the straits of Bab-el-mandeb allows it a big share of international maritime transit flow alongside the East African coast. kilometers and a population estimated at about 990,000. Since 1985, the Port of Djibouti has hosted a container terminal geared up with gantry cranes and a dozen berths for bulk and traditional cargo. Djibouti is considered one of the smallest nations in Africa, with an area of 23,200 sq. A second strategic advantage of the port lies in it being the principle sea-access route for Ethiopia and its market of ninety million inhabitants. During the 2000s, it progressively expanded its amenities with a brand new oil terminal at Doraleh , a brand new container terminal at Doraleh , a bulk terminal within the old port , the Djibouti Free Zone in 2004, the Djibouti Dry Port , and the logistics zone generally identified as PK-12 zone.

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