Appoint and dismiss of Jubilant Flame

On August 30, 2017, Mr. Robert Ireland resigned as Secretary/Treasurer of the company. Additionally, upon his resignation, he surrendered all outstanding equity compensation to the company and agreed to cancel all outstanding debt of the company that was owed to him for past compensation, in the amount of $778,215.

On August 30, 2017, Mr. Lei Wang, currently our acting interim CFO, was appointed as the Chief Financial Officer by the company’s Board of Directors, effective immediately. Mr. Wang will be paid stock compensation time to time base on business progress . Mr. Wang was also granted 200,000 shares of restricted common stock at the time of his appointment, which vests immediately. The restricted stock has a value of $2,000 based on stock market price of $0.01 per share at stock grant date. WANG LSC CONSULTING LLC, of which Mr. Lei Wang is the principal, currently provides services to the company including book keeping activities and financial reporting preparation services. WANG LSC CONSULTING LLC has been paid $19,075 and $8,000 in the fiscal years ended 2016 and 2017, respectively. WANG LSC CONSULTING LLC will continue to provide these services, at an estimated annual cost of $16,000.

On August 30, 2017, Mr. Kecheng Xu was appointed as Secretary/Treasurer by the company’s Board of Directors, effective immediately. Mr. Xu will be paid stock compensation time to time based on business progress. Mr. Xu was granted 50,000 shares of restricted common stock at the time of his appointment. The restricted stock has a value of $500 based on stock market price of $0.01 per share at stock grant date.