On December 18, 2019, Steve Yetter, the Chairman of the Board, Chief Executive Officer, Chief Financial Officer and sole director of the Company, sold 3,000,000 shares of the Company’s common stock to Liu Yang for a purchase price of $268,000 pursuant to the Purchase Agreement. Contemporaneously, the Company issued an additional 11,931,500 shares of the Company’s common stock to Mr. Liu for the consideration described in Item 3.02 above. As a result of the foregoing transactions, Mr. Liu owns 14,931,500 shares of the Company’s common stock, representing approximately 75% of the Company’s outstanding shares of common stock.
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