Environmental Robotics Limited entered into a letter of intent to acquire Virtual Medical International, Inc. (OTCPK:QEBR) in a reverse merger transaction on April 23, 2018. The transaction is structured as Virtual Medical International, Inc. acquiring 100% of the equity interests in Environmental Robotics Limited in exchange of shares such that, Environmental Robotics will own the majority of the issued and outstanding stock of Virtual Medical International. In connection with the transaction, the board of Virtual Medical International approved a reverse one-for-ten (1-for-10) stock split of its issued and outstanding shares of common stock and preferred stock and also approved a corporate name change to ChainTech, Inc. In connection with the transaction, Joe Arcaro, Director and Executive Officer of Virtual Medical International stepped down from all board and management positions and appointed Yeung Yuenyong as President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and acting Director of Virtual Medical International. The transaction is subject to execution of definitive agreement. Environmental Robotics Limited completed the acquisition of Virtual Medical International, Inc. (OTCPK:QEBR) in a reverse merger transaction on May 16, 2018.