Target Acquisitions I, Inc. acquired UHF Incorporated (OTCPK:UHFI) from HC Consulting Limited and other shareholders in a reverse merger transaction on June 30, 2014. The other shareholders include Changkui Zhu, Jiazhen Liu, Changqing Han, Junyan Tian, Xia Wang, Fengqin Ji, Chia-Hua Lee, Lien-Hsiang Hu, Lixin Shi, Jiazhen Liu, Wenyan Yang, Wanli Liu, Dengwei Gao, Dongli Sun, Huiqin Wang, Shaofeng Han, Meijie Wang, Xingwang Shao and Jianxin Wei. Pursuant to the transaction, UHF Incorporated issued a total of 43.4 million shares and one share of series A convertible preferred stock convertible into an additional 17.8 million shares. As a result of the transaction, the former stockholders of Target Acquisitions I, Inc. own approximately 96% of the outstanding voting shares of the surviving entity. The Boards of Directors of Target Acquisitions and UHF have determined that the transaction is desirable and in the best interests of their respective stockholders. The transaction is approved by the Board of Directors of UHF Incorporated and the Board has recommended to the shareholders that the exchange be accepted.

Target Acquisitions I, Inc. completed the acquisition of UHF Incorporated (OTCPK:UHFI) from HC Consulting Limited and other shareholders in a reverse merger transaction on June 30, 2014.