Ping Zhang entered into stock purchase agreement to acquire 90.4% stake in ABV Consulting, Inc. from Andrew Gavrin for $0.23 million on August 5, 2016. Ping Zhang acquired 5 million shares of ABV Consulting. The purchase price shall be paid as follows : $0.22 million shall be paid in cash and $0.013 million shall be paid at closing to NYJJ Investments Limited in satisfaction of the promissory note in the principal amount of $0.013 million issued by ABV Consulting in favor of NYJJ Investments. Ping Zhang completed the acquisition of 90.4% stake in ABV Consulting, Inc. from Andrew Gavrin on August 22, 2016.