Business Description
The Company has identified the global tourism market as its first investment
target. As it currently exists, the tourism industry is fragmented into various
geographic regions. We believe that approaching this industry from a global
perspective is an emerging market with tremendous growth potential. We plan
to set up and/or acquire offices in various regions of the world and through
them, develop the local tourism industry and expand our local tourism market.
Ultimately, we plan to unify and manage our regional offices and to market our
global services through the internet.
We have set up three subsidiaries, Airchn Travel Global, Inc. in Seattle, Washington
(“ATGI”) and Airchn Travel (Canada) Inc. in Vancouver, British Columbia
in Canada (“ATCI”) and Airchn Travel (Beijing) Inc. in Beijing,
China (“ATBI”). We plan to set up additional subsidiaries in Hong
Kong, Macau, Taiwan, Japan and Korea in the near future. Our Beijing office
has been closed as of June 30, 2017 due to lack of business and to reduce operating
costs.
We are engaged in services such as airline and cruise ticketing, customized
and packaged tours, travel blogs, travel magazines, sales of travel related
merchandise, group hotel reservations, business travel arrangements, conference
travel arrangements, car rental and admission ticket sale for local tourist
attractions.
We will continue to explore other business growth opportunities, regardless
of industry, in order to diversify our business operations and investments.
On January 17, 2012, the Company filed a Certificate of Amendment to its Certificate
of Incorporation with the Secretary of State of Delaware to change its name
from News of China, Inc. to W&E Source Corp. In connection with the name
change, our listing symbol on the OTCQB also changed from “NWCH”
to “WESC.” Our new website which is currently under construction
can be accessed at www.wescus.com. In addition, the Company also increased its
total authorized shares to 500,000,000 to anticipate future financing through
the issuance of our equity or convertible debt to finance our business.
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