Zhicheng Huang, Chief Executive Officer of Huale Acoustics Corporation, entered into a stock transfer agreement to acquire a 62.1% stake in Huale Acoustics Corporation (OTCPK:HYAS) from Dantong Xu for $2,250 on August 30, 2018. Under the terms, Zhicheng Huang agreed to acquire 2.25 million shares at $0.001 per share. The consideration was paid on the date of agreement and the corresponding shares were transferred. Following the completion, Zhicheng Huang owned 62.1% stake and Dantong Xu ceased to hold any stake in Huale Acoustics Corporation. Zhicheng Huang used personal funds for the acquisition. Zhicheng Huang, Chief Executive Officer of Huale Acoustics Corporation, completed the acquisition of a 62.1% stake in Huale Acoustics Corporation (OTCPK:HYAS) from Dantong Xu on September 10, 2018.