Leet Technology Limited (LTL) acquired Blow & Drive Interlock Corporation (OTCPK:BDIC) from Dai song and others in a reverse merger transaction for $1.3 million on November 18, 2020. Pursuant to the share exchange agreement, Blow & Drive acquired 10,000 shares of capital stock of LTL and in exchange issued 10 million restricted shares of the Blow & Drive's common stock to the shareholders of LTL. Blow & Drive's assets, liabilities and results of operations will be consolidated with LTL beginning on the acquisition date. LTL's principal business became the business of the Blow & Drive and as a result of the closing it became a wholly-owned subsidiary of Blow & Drive. LTL will comprise the ongoing operations of the combined entity and its senior management will serve as the senior management of the combined entity. This acquisition is considered as related party transaction, whereas Dai SONG, a Director of Blow & Drive, controls both the Blow & Drive and LTL. LTL is deemed to be the accounting acquirer for accounting purposes. The transaction is subject to customary closing conditions including all authorizations, consents, waivers and approvals as may be required to consummate the transaction and due diligence review. The deal has been approved by the Board of Directors of both LTL and Blow & Drive Interlock.

Leet Technology Limited completed the acquisition of Blow & Drive Interlock Corporation (OTCPK:BDIC) from Dai song and others in a reverse merger transaction on November 18, 2020.