Item 1.01 Unregistered Sales of Equity Securities.

On July 14, 2020, the Board of Directors of the Company approved the issuance of approximately16,468,400 shares of common stock to certain non-U.S. accredited investors at a purchase price of $0.005 per share.

In addition, on July 14, 2020, the Board of Directors approved the issuance of 131,891,600 shares of common stock at par value to non-U.S. based consultants, directors, and employees, as follows:

Recipient(LAST, FIRST) Number of Shares


    LING, THAI-YEN        6,750,000
    HUANG, YEN-HUA        6,750,000
     CHU, PAO-CHI         16,139,850
  KAO, CHENG-HSIANG       7,500,000
      CHU, LI-LI          26,666,650
    LEE, HSUN-CHIH        1,166,650
     LIN, CHE-LI           166,675
    CHEN, YEN-HSUN         166,675
    CHENG, EN-JOU         5,131,600
   TSAI, YUEH-CHUAN       2,693,500
     CHU, LIN-LIN         4,000,000
    HAN, TSAI-TING        3,150,000
     HAN, YI-TING         3,150,000
   SUEN, FUK-CHUEN        4,200,000
    HAN, TSAI-TING        10,000,000
     HAN, YI-TING         10,000,000
   TSAI, YUHE-CHUAN       4,000,000
    LI, MANG-HSUEH        3,000,000
   YEH, HSIAO-FANG        3,000,000
    FONG, AN-ZHEN         1,000,000
    CHU, YUN-YUAN         1,000,000
    KUO, HENG-TSUN        1,000,000
    LIN, YIH TZONG         300,000
     CHAN, YU-MEI          800,000
   CHOU, HUI-CHUAN        1,200,000
   LEOW, CHONG NGAN       1,200,000
   WANG, HSUAN-CHEN        600,000
    LEE, SHY-MING          200,000
     LIU, JAN-WEI          200,000
    MENG, CHING-LI          50,000
    YANG, YUNG-ERH        1,000,000
    CHEN, TZU-KUO          250,000
    WU, MENG-SHIUE         250,000
    WU, CHIA-JUNG          100,000
     SU, YU-TING           100,000
    LAI, SSU-CHUAN         100,000
    TSUI, MEI-LAN          100,000
  TING, CHTEN-CHUNG        100,000
      HU, YOA-PU           100,000
    SU, MENG-CHUN          300,000
    CHEN, KUO-RONG         700,000
     CHANG, SHYI           200,000
     LIN, CHE-LI          1,000,000
    CHEN, YEN-HSUN        1,000,000
    CHENG, EN-JOU          300,000
   YEH, HSIAO-FANG         300,000
    LI, MENG-HSUEH         150,000
     KO, YEN-YEN            30,000
   CHANG, YING-MEI          20,000
    HUANG, WUN-YAN          30,000
   HUANG, MU-CHUAN          20,000
   SUEN, FUK CHUEN         500,000
     LIAO, HUI-YU           30,000
   CHU, HSUEH-PING          10,000
     HSU, SHU-MIN           20,000
    LEE, HSUN-CHIH        2,800,000

These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance of securities by us did not involve a public offering. The offering was not a "public offering" as defined in Section 4(2) due to the insubstantial number of persons involved in the deal, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) of the Securities Act since the purchasers agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a "public offering." Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act.

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