Item 3.02 Unregistered Sale of
Creditor Debt Shares Zhenjiang Yue(1)
$ 2,842,7887,289,199 Yumin Yue(2) $ 486,2241,246,727 Guoan Zhang(3) $ 324,149831,152 Other Creditors $ 973,1282,495,200 TOTAL $ 4,626,28911,862,278
(1) CEO of the Registrant (2) Daughter of the CEO of the Registrant (3) Acting Chief Financial Officer of the Registrant
The related party transactions were approved by the Audit Committee of the Registrant's Board of Directors. The transaction was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as not involving a public offering.