Ellipsiz Communications Ltd. (TSXV:ECT) entered into a binding share purchase agreement to acquire 81.87% stake in Asia Pacific Acid Recycling Inc. ("APAR ") for CAD 0.3 million on February 1, 2019. Under the terms, Ellipsiz will issue an aggregate of approximately 60.91 million common shares of Ellipsiz. On completion of the transaction, the shareholders of APAR will hold approximately 26.7% of the total outstanding shares of Ellipsiz. On completion of the transaction, Hsin-Chieh Huang will own through his holding company, 29.04 million common shares of Ellipsiz representing approximately 12.7% of outstanding capital. The transaction is subject to TSX Venture Exchange approval.