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Re: ProfitChaser post# 81708

Wednesday, 03/18/2020 3:15:21 PM

Wednesday, March 18, 2020 3:15:21 PM

Post# of 91265
KWBT been taking a beating. Was over 4 cents less than 60 days ago. Has turned into a POS for sure. Dilution killing it. I have added all the way down. Luckily I only bought 10K each add. Added a few more today than usual at 005. No use selling way down here. Looks like they is raising the A/S from 300K to 3M. Hopefully it is for a good reason.

http://archive.fast-edgar.com//20200318/A624C22CZ22RS2TD222T2CY2MRBTZZ22Z222/

March 17, 2020



Dear Stockholder:



This Information Statement is furnished to holders of shares of common stock, $.001 par value (the “Common Stock”) and preferred stock $.001 par value (the “Preferred Stock”) of Kiwa Bio-Tech Products Group Corporation (the “Company”). We are sending you this Information Statement to inform you that on March 3, 2020, the Board of Directors of the Company unanimously adopted a resolution seeking stockholder approval to amend the Company’s Articles of Incorporation to increase the number of authorized Company Common Shares from 300,000,000 to 3,000,000,000. Thereafter, on March 3, 2020, pursuant to the By-Laws of the Company and applicable Nevada law, shareholders holding seventy-five percent (75%) of the votes entitled to be cast on the aforementioned matter (identified in the section entitled “Voting Securities and Principal Holders Thereof”) adopted a resolution to authorize the Board of Directors, in its sole discretion, to increase the number of authorized shares of Company Common Stock from 300,000,000 to 3,000,000,000.



The Board of Directors believes that the proposed increase in authorized capital is beneficial to the Company because it provides the Company with the flexibility it needs to raise additional capital consistent with its Business Plan.

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