Namliong SkyCosmos Inc (NLSC)

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On 25 th April, 2019, the Kreido Biofuels, Inc. (the “Company”) signed three Memorandum of Understandings (individually an “MOU”) with three companies located in China. The three companies are Jiangsu Baimoxin New Energy Co., Ltd., Meihekou Zhongcheng Yinxin Photovoltaic Agricultural Science and Technology Co., Ltd and Shainhai Mianzhao New Energy Co., Ltd. (each company is a “Potential Acquisition”). In each MOU, the Company agree to purchase up to 100% of the issued and outstanding stock of the Potential Acquisition for terms to be set forth in a definitive agreement. Each MOU requires the definitive agreement be completed within six months of the MOU.