UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14C
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
Check the appropriate box:
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Preliminary Information Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))
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Definitive Information Statement
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Yangtze River Port and Logistics Limited
(Name of Registrant as Specified in Its Charter)
Payment of
Filing Fee (Check the appropriate box):
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Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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(1)
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Amount previously paid:
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(2)
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Form, Schedule or Registration Statement No.:
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YANGTZE RIVER PORT AND LOGISTICS LIMITED
41 John Street, Suite 2A
New York, NY 10038
INFORMATION STATEMENT
WE ARE NOT ASKING
YOU FOR A PROXY
AND YOU ARE REQUESTED
NOT TO SEND US A PROXY
Dear Stockholder:
This
Notice and the accompanying information statement are being distributed to the stockholders of Yangtze River Port and Logistics
Limited (the “
Company
”) to advise them of the receipt by the Company of the final written consent
in lieu of a meeting of stockholders of the Company (the “
Written Consent
”), dated February 15,
2018, from holders of approximately
81.86
% of the voting power of the shares of common
stock of the Company (the “
Majority Stockholders
”) outstanding and entitled to vote as of such date approving
the Company to engage with VStock Transfer, LLC to coordinate and notify shareholders of Yangtze River Port and Logistics
Limited (YRIV) that for every 1 share held by Yangtze River Port and Logistics Limited (YRIV), to receive 1 Share of Avenal River
Limited, which is applying for the name change to Yangtze River Blockchain Logistics Limited (Registered in B.V.I.). and a wholly
owned subsidiary of the Yangtze River Port and Logistics Limited(YRIV)
.
The
Board of Directors of the Company also approved the Transaction acting by written consent in lieu of a meeting on February 14,
2018.
The accompanying Information
Statement is being provided to you for your information to comply with the requirements of Regulation 14C of the Securities
Exchange Act of 1934, as amended (“
Exchange Act
”). This Information Statement constitutes notice of corporate
action without a meeting by less than unanimous consent of the Company’s stockholders pursuant to Section 78.320 of
the Nevada Revised Statutes (the “
NRS
”) covering the Spinoff Transaction to which our Majority Stockholders
consented on February 15, 2018. You are urged to read the Information Statement carefully in its entirety. However, no action is
required on your part in connection with this document, including with respect to the approval of the Purchase Agreement. No meeting
of our stockholders will be held or proxies requested for these matters since they have already been consented to by the Majority
Stockholders, acting by written consent in lieu of a meeting, in their capacity as the holders of a majority of the issued and
outstanding shares of the Company’s common stock.
The
transaction described in the Information Statement and the action taken by the Majority Shareholders may be ratified no earlier
than 20 calendar days after we have mailed the Information Statement to our stockholders. The record date established by the Company
for purposes of determining the number of issued and outstanding shares of Common Stock, and thus voting power, was February 15,
2018.
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Sincerely,
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/s/
Xiangyao Liu
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Xiangyao Liu
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Chief Executive Officer and
Chairman of the Board of Directors
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YANGTZE RIVER PORT AND LOGISTICS LIMITED
41 John Street, Suite 2A
New York, NY 10038
INFORMATION STATEMENT PURSUANT TO SECTION 14C
OF THE EXCHANGE ACT
THIS
IS NOT A NOTICE OF A SPECIAL MEETING OF STOCKHOLDERS AND NO STOCKHOLDER MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
THE ACTIONS DESCRIBED IN THIS INFORMATION STATEMENT HAVE BEEN CONSENTED TO BY THE HOLDERS OF A MAJORITY OF THE SHARES OF THE COMPANY’S
VOTING STOCK.
THE
COMPANY IS NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND THE COMPANY A PROXY.
GENERAL
This Information Statement
and Notice of Action Taken Without a Meeting of Stockholders is being furnished by us to our stockholders of record as of February
15, 2018 (the “
Record Date
”), to inform the stockholders of the Record Date approval by the stockholders holding
a majority of the votes (“
Majority Stockholders
”) of approval of the Company will engage VStock Transfer, LLC
to coordinate and notify shareholders of Yangtze River Port and Logistics Limited (YRIV) that for every 1 share held by Yangtze
River Port and Logistics Limited (YRIV), to receive 1 Share of Avenal River Limited, which is applying for the name change
to Yangtze River Blockchain Logistics Limited (Registered in B.V.I.). and a wholly owned subsidiary of the Yangtze River Port
and Logistics Limited(YRIV)
.
This Information Statement
is being sent in lieu of a special meeting of the stockholders of the Company. Pursuant to unanimous written consent in lieu of
a meeting, the Board of Directors of the Company (the “
Board
”) approved the entering into and consummation of
the Acquisition Transaction. The Majority Stockholders of the Company who beneficially own, in the aggregate, shares of common
stock of the Company, representing approximately 81.86% of the voting power of the Company as of the date of this Information Statement,
gave their written consent to the Spinoff Transaction described in this Information Statement on the Record Date.
The elimination of the
need for a special or annual meeting of the stockholders to ratify or approve the transaction is authorized by Sections 78.320
and 78.565 of the NRS and the Company's Articles of Incorporation and Bylaws which provide that any action required or permitted
to be taken at a meeting of the stockholders may be taken without a meeting if a written consent (or counterparts thereof) that
sets forth the action so taken is signed by stockholders holding at least a majority of the voting power. Such consent shall have
the same force and effect as a majority vote of the stockholders and may be stated as such in any document. To eliminate the costs
and management time involved in holding a special meeting and in order to effect the Spinoff Transaction as early as possible in
order to accomplish the purposes of the Company as hereafter described, the Board of Directors and the Majority Shareholders approved
the Spinoff Transaction pursuant to written consents.
The Company is distributing
this Information Statement to its stockholders to satisfy any notice requirements it may have under the NRS. No additional action
will be undertaken by the Company with respect to the receipt of the written consents. No dissenters’ rights of appraisal
under the NRS are afforded to the Company's stockholders as a result of the approval of the Spinoff Transaction.
This Information Statement
is dated as of and is first being sent to our stockholders of record on or about February 26, 2018.
DESCRIPTION OF THE TRANSACTION
On February 12, 2018 the Company decided
to engage VStock Transfer, LLC to coordinate and notify shareholders of Yangtze River Port and Logistics Limited (YVIR) that for
every 1 share held by Yangtze River Port and Logistics Limited (YRIV), to receive 1 Share of Avenal River Limited, which is applying
for the name change to Yangtze River Blockchain Logistics Limited (Registered in B.V.I.). and a wholly owned subsidiary of the
Yangtze River Port and Logistics Limited(YRIV).
The Avenal River Limited currently holds 100% of the shares of Ricofeliz investment (China) Limited (Hong Kong registered),
the Hong
Kong company that holds 100% capital stock of Wuhan Yangtze River Newport Trading Limited, a wholly foreign-owned enterprise formed
under the laws of the People’s Republic of China.
Yangtze River Port and Logistics Limited (YRIV) has formally joined the Blockchain in Transport Alliance in the United States,
And in the name of a subsidiary Yangtze River Blockchain Logistics Limited as a member.
Also, Wuhan Yangtze River
Newport Trading Limited, a wholly-owned subsidiary in Wuhan, PR China, will collaborate the development of port terminals and warehouse
logistics, into the blockchain technology in logistics system.
FORWARD-LOOKING
STATEMENTS
This
information statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act, that reflect our current views with respect to, among other things, future events
and financial performance. Words such as “outlook,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative
version of those words or other comparable words indicate forward-looking statements, although not all forward-looking statements
include these words. The forward-looking statements in this information statement are subject to various risks and uncertainties
and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity.
Our actual results may vary materially from those indicated in these forward-looking statements, including as a result of the factors
described under “Risk Factors” in our quarterly and annual reports filed with the Securities and Exchange Commission
(“
SEC
”), as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible
on the SEC's website at
www.sec.gov
. Other factors that could cause actual results to differ materially include: changes
in the economy, financial markets and political environment; risks associated with possible disruption in the economy generally
due to terrorism or natural disasters; future changes in laws or regulations (including the interpretation of these laws and regulations
by regulatory authorities); our ability to satisfy our debt obligations; potential wind-down or dispositions of our business; and
other considerations that may be disclosed from time to time in our publicly disseminated documents and filings. New risks and
uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Therefore, you
should not place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on
which it is made. Although we do not undertake any obligation to publicly update or review any forward-looking statement, whether
as a result of new information, future developments or otherwise, except as required by law you are advised to consult any additional
disclosures that we may make directly to you or through reports that we in the future may file with the SEC, including annual reports
on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, or otherwise make available to investors.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
As of the Record Date,
there were 172,344,446 shares of Common Stock outstanding. Each share of Common Stock entitles the holder thereof to one vote on
all matters submitted to stockholders.
The Majority Stockholders voted an aggregate of 141,089,725 shares of common
stock, which represents approximately 81.86% of the voting power of the Company’s voting stock.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT
The following table sets
forth, as of the Record Date, information regarding beneficial ownership of our capital stock by:
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Each person, or group of affiliated persons, known by us to beneficially own more than 5% of our common stock;
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Each of our named executive officers;
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Each of our directors; and
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All of our current executive officers and directors as a group.
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Beneficial ownership is
determined according to the rules of the SEC and generally means that a person has beneficial ownership of a security if he, she
or it possesses sole or shared voting or investment power of that security, including options that are currently exercisable or
exercisable within sixty (60) days of the Record Date. Except as indicated by the footnotes below, we believe, based on the information
furnished to us, that the persons named in the table below have sole voting and investment power with respect to all shares of
common stock shown that they beneficially own, subject to community property laws where applicable.
Common stock subject to
stock options currently exercisable or exercisable within sixty (60) days of the Record Date, are deemed to be outstanding for
computing the percentage ownership of the person holding these options and the percentage ownership of any group of which the holder
is a member but are not deemed outstanding for computing the percentage of any other person.
Unless otherwise indicated,
the address of each beneficial owner listed in the table below is c/o Yangtze River Port and Logistics Limited, 41 John St., Suite
2A, New York, NY 10038.
Name of Beneficial Owner
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Amount and Nature of Beneficial Ownership
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Percent of Common Stock
(1)
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Xiangyao Liu, CEO,
President, Chief Executive Officer, and Chairman of the Board
(2)
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91,240,000
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52.94
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%
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James Stuart Coleman,
Executive Director
(3)
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4,060,000
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2.36
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%
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Xin Zheng
, Chief Financial Officer
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0
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0
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%
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Yanliang Wu,
Executive Director
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0
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0
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%
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Yu Zong,
Executive Director
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0
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0
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%
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Harvey Leibowitz,
Independent Director
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0
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0
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%
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Zhixue Liu,
Independent Director
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0
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0
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%
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Tongmin Wang,
Independent Director
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0
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0
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%
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Daniel W. Heffernan,
Independent Director
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0
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0
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%
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Adam S. Goldberg,
Independent Director
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0
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0
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%
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Zhihong Su,
Independent Director
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0
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0
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%
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Zhanhuai Cheng,
Executive Director
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0
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0
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%
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All directors and executive officers as a group (12 person)
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95,370,000
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55.64
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%
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5% Shareholders:
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Jasper Lake Holdings Limited
(2)
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91,240,000
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52.94
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%
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Crestlake Holdings Limited
(4)
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16,600,000
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9.63
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%
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Fortunate Drift Limited
(5)
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16,757,683
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9.72
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%
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Majestic Symbol Limited
(6)
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16,890,845
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9.80
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%
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Zhimin Chen
(7)
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16,201,197
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9.40
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%
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(1)
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Based on 172,344,446 shares of Common Stock outstanding as of the Record Date.
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(2)
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Mr. Liu has investing and dispositive power of shares beneficially owned by Jasper Lake Holdings Limited.
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(3)
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Mr. Coleman owns all of the membership interest of Best Future Investment LLC., which owns 4,060,000 shares of the Company’s common stock. Mr. Coleman may be deemed to be the beneficial owner of the shares of our common stock held by Best Future Investment LLC.
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(4)
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Yanliang Hu has investing and dispositive power of shares beneficially owned by Crestlake Holdings Limited.
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(5)
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Linyu Chen has investing and dispositive power of shares beneficially owned by Fortunate Drift Limited.
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(6)
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Long Zhao has investing and dispositive power of shares beneficially owned by Majestic Symbol Limited.
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(7)
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Including 14,455,247 shares through Prolific Lion Limited and 1,745,950 shares through Valiant Power Limited where Mr. Chen has investing and dispositive power.
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DISSENTERS’ RIGHT OF APPRAISAL
Under the NRS, the Company’s
stockholders are not entitled to dissenters’ rights with respect to the proposed Transaction, and the Company will not independently
provide the Company’s stockholders with dissenters’ rights.
OUR BOARD OF DIRECTORS AND THE STOCKHOLDERS
HOLDING A MAJORITY OF THE ISSUED AND OUTSTANDING SHARES OF THE VOTING STOCK OF THE COMPANY HAVE APPROVED THIS TRANSACTION.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly
and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other
information we file at the SEC’s public reference room in Washington, D.C. Please call the SEC at 1-800-SEC-0330 for further
information on the public reference rooms. Our filings with the SEC are also available to the public from commercial document retrieval
services and at the website maintained by the SEC at “http://www.sec.gov.”
You should rely only on
the information contained or incorporated by reference in this Information Statement. We have not authorized anyone to provide
you with information that is different from what is contained in this Information Statement. You should not assume that the information
contained in this Information Statement is accurate as of any date other than that date, and the mailing of this Information Statement
to stockholders shall not create any implication to the contrary.
February 15, 2018
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By Order of the Board of Directors,
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/s/ Xiangyao Liu
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Xiangyao Liu,
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Chairman of the Board of Directors
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