Jun Wei kang Biotechnology Co Ltd signed a memorandum of understanding to acquire unknown minority stake in New Asia Energy Inc. (OTCPK:NAEI) on November 20, 2015. The parties have agreed that within 30 days after the execution of the memorandum of understanding, Jun Wei kang Biotechnology Co Ltd.and/or its nominees will make an initial purchase of equity in New Asia Energy Inc. for an amount to be determined by mutual agreement of the Parties. This purchase will be set forth in one or more definitive purchase agreements, which will be negotiated and executed by the parties during this 30-day period. Jun Wei kang Biotechnology Co Ltd cancelled the acquisition of unknown minority stake in New Asia Energy Inc. (OTCPK:NAEI) on November 20, 2016.