Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Three Months Ended March 31, 2017

Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Three Months Ended March 31, 2017

The following management’s discussion and analysis (“MD&A”) of Baylin Technologies Inc. (“Baylin”, the “Company”, “we” or “us”) as of May 8, 2017 should be read in conjunction with the audited consolidated financial statements for the years ended December 31, 2016 (“fiscal 2016”), December 31, 2015 (“fiscal 2015”) and the related notes included therein.

Additional information relating to the Company, including our most recent Annual Information Form, may be found at www.sedar.com. Unless otherwise stated, all amounts shown in this MD&A are in Canadian (“CAD” or “C”) dollars. Baylin changed its reporting from United States dollar currency (“USD”) to Canadian dollar currency effective January 1, 2017, and has restated prior years’ financial information in this MD&A into CAD$’s.

 

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