Replies to post #490 on Cosmos Group Holdings Inc (COSG)

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NOTE – 8 STOCKHOLDERS’ EQUITY



The Company has 500,000,000 common shares authorized with a par value of $0.001 per share.



On January 13, 2017, prior to the reverse merger with Lee Tat, COSG issued 200,000,000 shares of its common stock for cash proceed of $200,000 for working capital purpose.



On May 12, 2017, the Company completed the acquisition of 100% equity interest in Lee Tat Transportation International Limited in exchange of 219,222,938 shares of its common stock. These common stocks were subsequently issued to the shareholders of Lee Tat Transportation International Limited.



As of June 30, 2017, the Company had a total of 429,848,898 shares of its common stock issued and outstanding.