Lo Hsin Yu acquired 88.8% stake in Dragon Jade International Limited from Wong Ka Ming, Hung Kwok Wing, Andy Lai and Lilian Wai and others on June 22, 2012. Lo Hsin Yu acquired 8 million shares from Andy Lai and Lilian Wai, 9 million shares from Wong Ka Ming and 9 million shares from Hung Kwok Wing. Pursuant to the transaction, Wong Ka Ming and Li Shun Ho resigned as Directors of Dragon Jade. Lo Hsin Yu completed the acquisition of 88.8% stake in Dragon Jade International Limited from Wong Ka Ming, Hung Kwok Wing, Andy Lai and Lilian Wai and others on June 22, 2012.