Li Gongming acquired an additional 55.23% stake in United Royale Holdings Corp. (OTCPK:URYL) from Chen Zheru for $0.05 million on December 5, 2018. Under the terms of transaction, Li Gongming acquired 78.4 million shares. Upon completion, Li Gongming held 59.5% stake in United Royale Holdings Corp. Li Gongming completed the acquisition of an additional 55.23% stake in United Royale Holdings Corp. (OTCPK:URYL) from Chen Zheru on December 5, 2018.