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RCIT .035 News

Announcement Regarding Change in Major Shareholder

Oct 16, 2017
OTC Disclosure & News Service

Las Vegas, NV -

To all concerned,

Company Name: ReelCause, Incorporated

Representative: Yung S Kim, CFO

Inquiries: 3305 West Spring Mountain Road #7

Las Vegas, Nevada 89102 USA

[phone]

Announcement regarding a change of our largest shareholder that is a major shareholder

This is to inform you as follows that there was a change of our companys largest shareholder that is a major shareholder as of September 6, 2017.

Record

Background of the change
There was a report from our companys CEO, James Ford, has transferred 29,342,800 shares of the company stock held by him to Woo Duck Lee. As a result, there was a change of our companys largest shareholder that is a major shareholder.



Summary of shareholder changes
Summary of the shareholder that will no longer fall under the category of the largest shareholder that is a major shareholder
Name

James Ford

Address

Las Vegas, Nevada USA

Relationship to ReelCause, Inc.

CEO

Summary of the shareholder that will newly fall under the category of the largest shareholder that is a major shareholder
Name

Woo Duck Lee

Address

Suwan, South Korea

Relationship to ReelCause, Inc.

Major Stockholder



The number of voting right owned (number of shares held) by said shareholder and the percentage with respect to the number of voting rights of all shareholders before and after the transfer
James Ford

Number of voting rights (number of shares held)

Percentage with respect to the number of voting rights of all shareholders *

Major shareholder ranking

Before the change

(as of September 6, 2017)

29,342,800

47.154%

No. 1

After the change

0

0

N/A



Woo Duck Lee

Number of voting rights (number of shares held)

Percentage with respect to the number of voting rights of all shareholders *

Major shareholder ranking

Before the change

(as of September 6, 2017)

0

0%

N/A

After the change

29,342,800

47.154%

No. 1

Number of shares deducted from the total number of shares issued as shares without voting rights 29,342,800 shares. Total number of shares issued and outstanding as of September 6, 2017, 62,227,646 shares.

With regard to the ranking of major shareholders after the change, it is assumed that this change will be reflected by our company based on the register of shareholders as of September 6, 2017.

Future Forecast

This change will not affect other matters such as our companys business performance.



This release includes additional documents. Select the link(s) below to view.

Shareholder Change Announcement.pdf

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.