QEX Logistics Limited acquired New Y Trading Limited from Jingjie (Ronnie) Xue for NZD 1.5 million on March 31, 2017. The consideration comprises issuance of 1.49 million shares of QEX Logistics Limited. QEX Logistics Limited completed the acquisition of New Y Trading Limited from Jingjie (Ronnie) Xue on March 31, 2017.