Avalon Healthcare System, Inc. entered into a stock purchase agreement to acquire approximately 0.12% stake in Global Technologies Corp. (OTCPK:GTHC.D) from Yair Gutman for $0.23 million on September 14, 2016. As part of the transaction, Daniel Lu will acquire 3.6 million restricted shares, David Jin will acquire 1.8 million restricted shares and Meng Li will acquire 0.6 million restricted shares increasing their overall holding in Global Technologies to approximately 85.71% stake. In connection with the agreement, Yair Gutman resigned as Global Technologies’ sole Executive Officer and Director effective as of the September 14, 2016 and David Jin is appointed as the Chief Executive Officer and director of the Global Technologies.