Zhenggang Wang entered into an agreement to acquire Capital Future Development Ltd. from Yosen Group, Inc. (OTCPK:YOSN) for $0.19 million on March 29, 2018. As consideration, Zhenggang Wang will transfer to Yosen Group 1.7 million shares of Yosen Group’s common stock, which represents all of Yosen Group’s common stock owned by Wang. The shares acquired by Yosen Group will be cancelled.