Tongqing Bao acquired 80% stake in Paramount Supply Inc. from Artis Jansons on May 16, 2017. Artis Jansons, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer and sole Director of Paramount Supply sold 4 million shares in the transaction. Artis Jansons will remain as an Officer and Director of Paramount Supply until Paramount Supply enters into a definitive agreement which changes the direction of Paramount Supply's operations. Tongqing Bao completed the acquisition of 80% stake in Paramount Supply Inc. from Artis Jansons on May 16, 2017.