Shengshi International Holdings Co., Ltd. acquired Shengshi Elevator International Holding Group Inc. (OTCPK:SSDT) in a reverse merger transaction on September 30, 2019. Under the terms of the transaction, 100% ownership interest of Shengshi International Holdings Co., Ltd. was exchanged for 600 million shares of common stock of Shengshi Elevator International Holding Group Inc. On September 5, 2019, Galem Group Inc. changed its name to Shengshi Elevator International Holding Group Inc. in anticipation of entering into a share exchange agreement with Shengshi International Holdings Co., Ltd. There is no change of control in terms of directorship within Shengshi Elevator International Holding Group Inc. as Shengshi Elevator International Holding Group Inc.'s director also serves as a director of Shengshi International Holdings Co., Ltd.

Shengshi International Holdings Co., Ltd. completed the acquisition of Shengshi Elevator International Holding Group Inc. (OTCPK:SSDT) in a reverse merger transaction on September 30, 2019.