China Lending Corporation consummated the transaction contemplated by a Share Exchange Agreement dated January 11, 2016, by and among DT Asia Investments Limited, Adrie Global Holdings Limited, each of Adrie's shareholders (collectively, the ‘Sellers'), DT Asia's sponsor, DeTiger Holdings Limited, in the capacity as the representative for DT Asia's shareholders prior to the closing of the Business Combination (the ‘DT Representative'), and Li Jingping in the capacity as the representative for the Sellers (the ‘Seller Representative'), pursuant to which DT Asia acquired from the Sellers all of the issued and outstanding equity interests of Adrie in exchange for 20,000,000 ordinary shares of DT Asia. As a result of the Business Combination, the Sellers, as the former shareholders of Adrie, became the controlling shareholders of the Company and Adrie became a subsidiary of the Company. As a result of the Business Combination, DT Asia will continue the existing business operations of Adrie as a publicly traded company under the name ‘China Lending Corporation.'

Upon the closing of the Business Combination, all of incumbent directors, except Jason Kon Man Wong, resigned from their position as directors, and Mr. Alain Vincent Fontaine, Ms. Qi Wen, Ms. Li Jingping and Mr. Si Shen were appointed to the Board of Directors of the Company. Mr. Si Shen will serve as a Class I director, Ms. Qi Wen and Ms. Li Jingping will serve as Class II directors and Mr. Jason Kon Man Wong and Mr. Alain Vincent Fontaine will serve as Class III directors. The member of Class I will serve as a director until annual meeting in 2017, members of Class II will serve as directors until annual meeting in 2018 and members of Class III will serve as directors until annual meeting in 2019.

Also, upon closing of the Business Combination, President and Chief Executive Officer, Stephen Cannon, resigned from these positions and Ms. Li Jingping was appointed as President and Chief Executive Officer by the Board.