ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the quarter the company issued a total of 7,104,837 shares for total consideration of $4,042,097 in settlements of other payables detailed as follows:
· Settlement for 4 professionals on consulting and service rendered fees for $303,055 by the issuance of 551,010 shares at $0.55/share.
· A total of 4,611,086 shares were issued to 5 building contractors and/or suppliers for the settled consideration of $2,536,097.
· The payments to other unrelated third parties for $739,797 by the issuance of 1,479,593 shares.
· The issuance of 463,148 shares to a total of 17 staffs/workers for $463,148 for services rendered and owed during year 2016 to 2017.
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The shares were issued pursuant to the exemption from registration under the Securities Act provided by its Regulation S.
