On June 4, 2019, AS Capital, Inc., a Nevada corporation (“we,” “ASIN” or the “Company”), XRC, LLC, a Colorado limited liability company (“XRC”) and Xue Ran Gao (“Purchaser”) entered into a Stock Purchase Agreement (the “SPA”), pursuant to which Purchaser agreed to purchase from XRC 11,000,000 shares of common stock of the Company, par value $0.0001, and 964 shares of Series A Preferred Stock of the Company, par value $0.0001 (collectively, the “Shares”), for aggregate consideration of Four Hundred Thousand Dollars ($410,000) in accordance with the terms and conditions of the SPA. XRC is the controlling shareholder of the Company. The acquisition of the Shares consummated on July 18, 2019, and the Shares were ultimately purchased by the following three individuals using their own personal funds:

Ms. Gao holds a controlling interest in the Company and may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company’s stockholders.

Upon the consummation of the sale of the Shares, Chris Lotito, our Chief Executive Officer and sole director, and John Karatzaferis, our President, resigned from all of their positions with the Company, effective July 18, 2019. Their resignations were not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Concurrently with such resignations, Xue Ran Gao was appointed to serve as the Chief Executive Officer, Chief Financial Officer, President, Secretary and sole Director of the Company, until the next annual meeting of stockholders of the Company and until such director’s successor is elected and qualified or until such director’s earlier death, resignation or removal. None of the directors or executive officers has a direct family relationship with any of the Company’s directors or executive officers, or any person nominated or chosen by the Company to become a director or executive officer. Ms. Gao will serve in her positions without compensation. The Company hopes to enter into a compensatory arrangement with each officer in the future.

The following is additional information regarding our sole director and executive officer.

Xue Ran GAO , age 44, has served as the Deputy General Administrative Manager of Jiangdong KOTO Electric (Tangshan) CO.,LTD. since January 2006. From 1998 to 2005, she was the administrative manager at NGK (Tangshan) Electroceramic Co., Ltd. Ms. Gao received her undergraduate diploma in Japanese language and culture in 1998 from Hebei University, College of Foreign Languages.  She holds certificates JLPT-N1, 2nd-level Enterprise HR Manager, Assistant Translator. Ms. Gao brings to our Company her general business experience with a focus in the translation industry.

The Form 10 information required hereunder is provided in Amendment No. 5 to the Registration Statement on Form 10 filed with the Securities and Exchange Commission on July 17, 2019.