Kid Castle Educational Corp (KDCE)

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Unregistered Sales of Equity Securities

On October 21, 2019, the company sold one (1) million shares of its preferred shares (one preferred share is convertible 1,000 share of common stocks) of the company for aggregate purchase price of $55,000.00 to Cannabinoid Biosciences, Inc., a California corporation. The issuance of the preferred shares to Cannabinoid Biosciences, Inc will give to Cannabinoid Biosciences, Inc, the controlling vote to control and dominate the affairs of the company going forward.