Brand Marvel Worldwide Consumer Products Corporation (TSXV:BMW) signed a letter of intent to acquire Julin Quat Biology Engineering Ltd. for CNY 3 million in cash and stock on July 11, 2011. The consideration consists of CNY 1.5 million in cash and CNY 1.5 million in shares of Brand Marvel Worldwide Consumer to be paid and issued in installments to be determined in the final agreement. Upon completion of the final agreement, Brand Marvel Worldwide Consumer Products plans to move the equipment of Julin Quat Biology to its new factory in Beijing, transfer the two licenses to Peking Marvel and then finally wind up Julin Quat Biology Engineering. The final agreement will be filed with the TSX Venture Exchange for approval.

As of October 3, 2011, Brand Marvel Worldwide Consumer Products completed the legal due diligence of Julin Quat Biology Engineering and started to negotiate final terms of the acquisition agreement. As of January 9, 2012, the payment terms were changed to cash by installments. As of May 29, 2012, finalization of the terms of acquisition of Julin Quat Biology Engineering Ltd. has been deferred due to the delay in obtaining the formal approval for production of liquid cleansing and disinfectant products on the second floor of our new factory.

Brand Marvel Worldwide Consumer Products Corporation (TSXV:BMW) cancelled the acquisition of Julin Quat Biology Engineering Ltd. on May 29, 2013.