Jade Global Holdings, Inc. announced that it has received approval on its application to establish Shanghai Jaedo Jewelry Co. Ltd., a Wholly Foreign Owned Enterprise in the People’s Republic of China, for the purpose of opening luxury private jade clubs throughout mainland China. The Company is developing multiple avenues for buying and selling jade products, and hopes to open its first high-end membership locations in China during the second half of 2017. The Company intends to utilize this subsidiary to open wholly owned outlets and to joint venture with others to expand commercial operations and begin to build out the Company’s luxury membership sales network in the mainland Chinese cities of Shanghai, Hangzhou, Shenzhen, Qingdao, Chengdu and Shenyang.