Oranco Inc. (ORNC)

[Quintessence]

According the 12/26/2017 SC-14F1, Million Success is owned by Mr. Peng Yang, who is now the Sole director, President, Treasurer & Secretary or Oranco. The 13D is related to the SC-14F1.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12445540

Amount of Beneficial Ownership Percentage of Class
Million Success Business Limited (1) 38,121,530 90.4 %

(1) Mr. Peng Yang, the sole director of Million Success Business Limited (“Million Success”) has the dispositive and voting power over the shares held by Million Success.

CHANGES TO THE BOARD OF DIRECTORS AND EXECUTIVE OFFICERS

In connection with the closing of the Share Purchase, there will be a change in our Board and executive officers Mr. Claudio Gianascio, who serves as our President, Secretary, Treasurer, and sole director, will resign from his directorship and executive officer positions effective on the Effective Date. Prior to that, our sole director appointed Mr. Peng Yang to serve as our sole director, President, Secretary, and Treasurer, with such appointment and his resignation from all positions to be effective on the Effective Date.

Mr. Yang, who is to be newly appointed to our Board, was not a member of the Board prior to the Share Purchase and did not hold any position with us and had not been involved in any transactions with us or our director, executive officers, affiliates or associates which are required to be disclosed pursuant to the rules and regulations of the SEC. To the best of our knowledge, Mr. Yang has not been convicted in any criminal proceeding nor has ever been a party to any judicial or administrative proceeding during the past five years, that resulted in a judgment, decree or final order enjoining the person from future violations of, or prohibiting activities subject to, federal or state securities laws, or a finding of any violation of federal or state securities laws.

Also provided herein are brief descriptions of the business experience of each director and director nominee during the past five years.

Director and Executive Officers prior to the Share Purchase

Name Age Position(s)
Claudio Gianascio 57 Sole director, President, Treasurer & Secretary

Mr. Gianascio, age 57, is a Swiss citizen and private investor. He is also CEO of YouStart.me Sagl a Swiss venture capital. Since 1999, he has been President, Secretary, Treasurer and Director of Oranco, with the exception of 2011 to 2015. Mr. Gianascio holds a Master Degree in Economics which he received from the University of Geneva, Switzerland and was a Fiduciario Finanziario within the state of Ticino, Switzerland.

Director and Executive Officer Appointee

Name Age Position
Peng Yang 26 Sole director, President, Treasurer & Secretary

Peng Yang, sole director nominee Mr. Yang has international business and management experience from his positions working with Huaxin Wines, a company engaged in wine trading and Sure Rich Investment (Group) Limited, an investment company. He has served as the general manager assistant and overseas affairs manager of Huaxin Wines since 2015 and as limited director of Sure Rich Investment (Group) Limited since 2016. Mr. Yang holds a bachelors of engineering degree, with honors, from the University of Auckland in New Zealand.