Xtc inc acquired REE International, Inc from Entrepreneur Universe Bright Group (OTCPK:EUBG) on December 28, 2018. Entrepreneur Universe Bright Group entered into a Sale and Purchase Agreement with XTC to transfer 1,000 common shares of REE-CO to XTC at nil cash consideration. Pursuant to the SPA, all the assets and liabilities previously reported in our financial statements were acquired by XTC and all the continuing obligations assumed were taken up by XTC. Since the closing of the SPA, REE-CO ceased to be a subsidiary of the Company on the same date., and we no longer had any assets, liabilities and business. Xtc inc completed the acquisition of REE International, Inc from Entrepreneur Universe Bright Group (OTCPK:EUBG) on December 28, 2018.