1. The acquisition of all the interest in Ocean Evergreen Limited from TENG, Qiongqiong for HK $9,000,000, through the allocation and issuance of a total of 90,000,000 shares at HK $0.10 per consideration share, representing 14.89% of the outstanding shares 2. 30,860,000 shares were issued to TENG, Qiongqiong at the issue price of HK $0.1 and the net proceeds of HK $2,986,000 were used as working capital for the operation of LOOP Space by the Purchaser
