Liu Yang entered into an agreement for the purchase of common stock to acquire 15.1% stake in Grand Perfecta, Inc. (OTCPK:GPIW) from Steve Yetter, Chairman of the Board, Chief Executive Officer, Chief Financial Officer and sole director of Grand Perfecta for $0.27 million on December 4, 2019. Liu Yang made a deposit of $0.05 million against the purchase price. Liu Yang acquired 3 million shares of Grand Perfecta. As per the transaction and related transaction, Liu Yang shall hold approximately 75% stake in Grand Perfecta. In a related transaction, Grand Perfecta issued 11.93 million shares to Liu Yang. Liu Yang is elected as a director, President, Chief Executive Officer and Chief Financial Officer, of Grand Perfecta, effective upon the closing, and Steve Yetter resigned from all positions, effective at the closing. Transaction closing is expected to occur on or before December 20, 2019. Liu Yang cancelled the acquisition of Grand Perfecta, Inc in December 26, 2020.