EBullion : Quarterly Report

eBullion, Inc.

A Delaware Corporation

Wordshop A2 25th FL TML Tower

Number 3 Hoi Shing Road

Tseun Wan, New Territories

Hong Kong, Hong Kong SAR

People's Republic of China

________________________________

Telephone: [phone]

E-mail: [e-mail]

SIC Code: 5050

Quarterly Report

For the Period Ending: September 30, 2021

(the "Reporting Period")

As of September 30, 2021, the current reporting period date, the number of shares outstanding of our Common Stock was: 512,600,000

As of June 30, 2021, the prior quarter period end date, the number of shares outstanding of our Common Stock was: 512,600,000

As of March 31, 2021, the most recent completed fiscal year end date, the number of shares outstanding of our Common Stock was: 512,600,000

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes:

No:

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes:

No:

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

Yes:

No:

1 "Change in Control" shall mean any events resulting in:

1. Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
2. The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
3. A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
4. The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

1. Name of the issuer and its predecessors (if any)

In answering this item, please also provide any names used by predecessor entities in the past five years and the dates of the name changes.

Date and state (or jurisdiction) of incorporation (also describe any changes to incorporation since inception, if applicable) Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

We were formed on January 23, 2013, when the issuer filed a Certificate of Incorporation with the Secretary of State of the State of Delaware, commencing our existence. Our current standing is active with the State of Delaware.

Has the issuer or any of its predecessors ever been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes:

No:

1. Security Information

Trading symbol:

Exact title and class of securities outstanding:

CUSIP:

Par or stated value:

Total shares authorized: Total shares outstanding:

Number of shares in the Public Float2: Total number of shareholders of record:

Additional class of securities (if any):

None.

Transfer Agent

EBML

Common Stock

278736202 (Common Stock) $0.0001

1,000,000,000 shares of common stock

512,600,000 shares of common stock as of September 30, 2021 16,718,470 as of date: September 30, 2021

31 as of September 30, 2021

Name:	Nevada Agency and Transfer Company
Phone:	[phone]
Email:	[e-mail]
Address: 50 West Liberty Street, #880, Reno, Nevada
Is the Transfer Agent registered under the Exchange Act?3 Yes:	No:

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors:

None.

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None.

1. Issuance History

1. "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
2. To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

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The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services. Using the tabular format below, please describe these events.

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☒

Shares Outstanding as of Second Most Recent
Fiscal Year End:					*Right-click the rows below and select "Insert" to add rows as needed.
		Opening Balance
Date: March 31, 2021	Common: 512,600,000
		Preferred: -0-
Date of	Transaction	Number of	Class of	Value of	Were	Individual/ Entity	Reason for	Restrict	Exemption
Transaction	type (e.g. new	Shares	Securities	shares issued	the	Shares were issued	share issuance	ed or	or
	issuance,	Issued (or		($/per share) at	shares	to (entities must	(e.g. for cash	Unrestri	Registration
	cancellation,	cancelled)		Issuance	issued	have individual with	or debt	cted as	Type.
	shares				at a	voting / investment	conversion)	of this
	returned to				discou	control disclosed).	-OR-	filing.
	treasury)				nt to		Nature of
						market		Services
						price at		Provided
						the
						time of
						issuan
						ce?
						(Yes/N
						o)
N/A	N/A		N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shares Outstanding on Date of This Report:
		Ending Balance
Ending Balance:
Date: September 30, 2021 Common:
512,600,000
		Preferred: 0

B. Debt Securities, Including Promissory and Convertible Notes

The chart below lists and describes any issuance of promissory notes, convertible notes or convertible debentures in the past two completed fiscal years and any subsequent interim period.

Check this box if there are no outstanding promissory notes, convertible notes or debt arrangements:

					Conversion Terms (e.g.		Reason for
		Principal	Interest		pricing mechanism for		Issuance (e.g.
Date of Note	Outstanding	Amount at	Accrued	Maturity	determining conversion of	Name of	Loan, Services,
Issuance	Balance ($)	Issuance ($)	($)	Date	instrument to shares)	Noteholder	etc.)

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N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1. Financial Statements

1. The following financial statements were prepared in accordance with:
   U.S. GAAP
   IFRS
2. The financial statements for this reporting period were prepared by (name of individual)4:

Name:	Yvonne Lai
Title:	Accountancy Advisor
Relationship to Issuer:	Accountancy Advisor

The following financial statements described below are provided and incorporated by this reference for the most recent fiscal year or quarter:

1. Consolidated Balance Sheets;
2. Consolidated Statements of Operations;
3. Statement of Cash Flows; and
4. Financial Notes.

Attached as Exhibit Ato this Quarterly Report are our unaudited financial statements and notes for the fiscal quarter ended September 30, 2021.

1. Issuer's Business, Products and Services

The purpose of this section is to provide a clear description of the issuer's current operations. In answering this item, please include the following:

1. Summarize the issuer's business operations (If the issuer does not have current operations, state "no operations")

eBullion, Inc. was initially formed to develop software for use in on-line trading of Gold and Silver contracts. Since Since April 3, 2013, through our subsidiary Man Loong Bullion Company Limited, a Hong Kong limited liability company ("Man Loong"), we have been an electronic trading member of the Chinese Gold and Silver Exchange Society ("CGSE"), a self- regulatory organization registered in Hong Kong which acts as an exchange for the trading of gold and silver. Man Loong holds a Type AA License with the CGSE, which it uses to provide an electronic trading platform which customers of its agents can use to place trades in a CGSE price contract for Kilo Gold and Loco London Gold and Silver via the electronic trading platform or a telephonic transaction system. The agents' customers can access their account to check their gain/loss on their trading position 24 hours a day 7 days a week through Man Loong's electronic trading platform. Man Loong contracts with independent agents, each with their own customers that seek to place trades for gold and silver price contracts with the CGSE using Man Loong's electronic trading platform, which is linked to the CGSE's electronic trading platform by reason of Man Loong's membership in the CGSE. All transactions and technologies used to execute trades are consummated and located at Man Loong's principal offices in Hong Kong. The various independent sales agents who use Man Loong's services, together with the agents' customer base, are located in Hong Kong and in the People's Republic of China. Neither we, nor Man Loong, conducts business in the United States or has agents, or any agreements with agents, or facilitate trades with any customers of agents that reside in the United States.

1. Describe any subsidiaries, parents, or affiliated companies, if applicable, and a description of their business contact information for the business, officers, directors, managers or control persons. Subsidiary information may be included by reference:

4 The financial statements requested pursuant to this item must be prepared in accordance with US GAAP or IFRS by persons with sufficient financial skills.

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1. Man Loong Bullion Company Limited.
2. Shenzhen Qian Hai Man Loong Bullion Company.

C. Describe the issuers' principal products or services, and their markets

Primary Business

The electronic trading platform, which is located in Hong Kong, is licensed by Man Loong from True Technology Company Limited ("True Technology"), a company organized under the laws of Hong Kong, and owned by Mr. Kee Yuen Choi, our Chief Executive Officer and 49.5% stockholder and Mr. Hak Yim Wong, one of our directors and stockholders. The electronic trading platform provides the various independent sales agents and their customers with CGSE price quotations on gold and silver price contracts, on a Loco London basis, as well as information updates on the gold and silver market, based on an evaluation of third-party market pricing sources such as Reuters or Bloomberg. The electronic trading platform also provides an agent's customers with up-to-date market data, trade reports and gain/ loss reports to assist them in evaluating their portfolio and effecting trades. In addition, the electronic trading platform communicates and confirms all of the trades that are placed by Man Loong agents and their customers with the CGSE and provides the agents and their customers with confirmation codes which confirm execution of the trades.

Man Loong's membership in the CGSE allows it to provide its electronic trading platform to facilitate trades on behalf of the agents' customers and/or the agents themselves, who can purchase trading positions in gold and/or silver on the CGSE, without Man Loong being required to become a counterparty to the trade or having to purchase or sell, as principal, any of the gold or silver subject to the price contract being traded. Man Loong merely operates an electronic trading platform which it licenses from True Technology that allows agents' customers to directly place trades and become the actual counterparty to the trade for a price contract, which is a product created by the CGSE for electronic trading that does not involve the physical transfer or delivery of any actual gold or silver.

All of Man Loong's revenue is derived from the commissions it receives on each trade for which it processes through the electronic trading platform it licenses from True Technology.

Man Loong has 3 agents in Hong Kong which cover three main geographic areas, including Hong Kong Island, Kowloon and the New Territories. In mainland China, we have 10 agents located in Shanghai and Guangdong and Fujian provinces. Each of our agents in Hong Kong have between 100 - 150 customers and our agents in China each have between 100 and 600 customers.

The process for effectuating trades on Man Loong's platform are as follows: (i) orders are placed by the agents' customers on the trading platform; (ii) the platform, which has a direct connection with the GCSE, communicates the order to the CGSE; (iii) the GCSE matches the trade with a counterparty in the market, which counterparty is unknown to Man Loong, its agents' and their customers; (iv) the CGSE then confirms the trade and returns an official confirmation number to the customer through Man Loong's trading platform. The customer can use the confirmation code to verify on the CGSE website the completion of its trade. The trading position represented by the gold or silver price contract remains open until the customer places a trade order using the same procedures set forth in the preceding sentence, to close the open position. Man Loong, through its platform helps facilitate the trade as an official member of the CGSE and earns a commission for its services. Moreover, the gold or silver price contracts do not involve the physical transfer or delivery of any actual gold or silver as there is no physical asset securing the price contract.

Man Loong enters into an agency agreement with each agent for which it processes trades pursuant to which the agent agrees to pay a commission to Man Loong for each trade that Man Loong processes and the agent acknowledges that Man Loong has no responsibility for any trading losses suffered by it or its customers for the trades executed on their behalf. Man Loong does not accept customers directly without an agent representative and does not enter into agreements directly with customers for the placement of trades. Although the agent remains directly responsible to Man Loong for any trading losses, to help ensure that the respective agent's customers understand: (i) their assumption of trading risk; (ii) their obligations to their respective agents and (iii) that Man Loong does not have any responsibility for any of their trading losses, Man Loong requires that each agent representative's client for whom Man Loong is requested to process a trade to complete and sign a form acknowledging these risks and obligations prior to commencing trading activity. Any customer that seeks to open a trading account directly with Man Loong is assigned to an agent and is required to execute an agreement with an agent prior to placing a trade. Man Loong receives a commission from the agents ranging from $20 to $40 per trade processed by it regardless of the purchase price paid or received for the gold or silver contract and the agent assumes the sole responsibility to Man Loong and the CGSE for payment of the purchase price of the gold or silver contract traded by it or its customers and for any loss recognized on those trades.

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