Yu Yang entered into a Securities Purchase Agreement to acquire 82.55% stake in Ariel Clean Energy, Inc. (OTCPK:ACEZ) from Nexus Biofuels Inc. and SeaMorri Financial Partners LLC for $0.33 million on September 23, 2020. Under the terms of the transaction, sellers will transfer 93.5 million shares and a promissory note of Ariel amounting to $0.24 million to Yu Yang. In addition pursuant to the agreement, BioNexus assigned to Yu Yang all of its rights, titles and interests in and to certain loans made by BioNexus to Ariel totaling $0.86 million, plus accrued interest. These amounts include certain outstanding payables made by BioNexus at closing. Upon closing of the transaction, Delbert Seabrook, the sole officer of Ariel, resigned in all officer capacities and Yu Yang was appointed Chief (Principal) Executive Officer, President, Chief (Principal) Financial Officer and Treasurer of Ariel. In addition, Yang was appointed as director of the Company. Effective upon the 10th day after the mailing of Ariel's information statement Delbert Seabrook will resign as a director of Ariel and Yu Yang will be appointed as Ariel's Chairman of the Board. Yu Yang completed the acquisition of 82.55% stake in Ariel Clean Energy, Inc. (OTCPK:ACEZ) from Nexus Biofuels Inc. and SeaMorri Financial Partners LLC on September 30, 2020.