Yee Man Cheung entered into an agreement to acquire 25% stake in China Keli Electric Company Ltd. (TSXV:ZKL.H) from Lou Meng Cheong on December 2, 2020. As per the terms, Lou Meng Cheong will sell 22.56 million shares of China Keli Electric Company. In a related transaction, Sean Leigh Webster entered into an agreement to acquire 39.2% stake in China Keli Electric Company Ltd. from Sou Wa Wong. Completion of the share sales are subject to, among other things, the full revocation of the cease trade order outstanding against China Keli Electric Company and the approval of the NEX exchange.