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Saturday, March 16, 2019 10:35:26 PM
300,000 Class C preferred shares were issued to Mr. Wang DeQun on December 2, 2016. 100,000 Class D preferred shares were issued to Wang DeQun on July 14, 2017. 100,000 Class E preferred shares were issued to Wang DeQun on July 14, 2017.
Each preferred share is convertible into 2500 common shares. If Mr. Wang were to convert his shares, he would own 1,250,000,000 shares
500 preferred shares x 2500 = 1,250,000,000 common shares
https://backend.otcmarkets.com/otcapi/company/financial-report/194352/content
Wangs preferred shares were not affected by the reverse split
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