Consummation of the purchase and sale of the Purchased Shares on the Closing Date pursuant to the Agreement effected a change of control of PhotoAmigo, Inc., as the Buyer, using personal funds, acquired an aggregate of 2,800,000 shares, or approximately 92.8% of the company's 3,018,000 shares of Common Stock outstanding as of June 11, 2018. Currently, the Buyer is the Company's majority, and controlling, stockholder. In connection with the transactions contemplated by the Agreement, the board has appointed Xin Dong, Sheng-Yih Chang and Xueying Song to fill vacancies on the company's Board of Directors caused by the resignation of Robert Heckes.

The Board appointed Mr. Dong as President/CEO and Mr. Chang as CFO/Secretary, effective as of the Closing Date. Xin Dong. Mr. Dong has served as the Executive Director and General Manager of Shanghai Huitong Health Management Company, a senior care and traditional health management company, in China since September 2017.

Sheng Yih Chang. Mr. Chang has served as the General Manager at Hartford Hotel, a commercial hotel in Rosemead, California, since March 2018. Xueying Song.

Mr. Song has served as the Vice President of Hangzhou Haofu Health Management Company, a medical device provider and health product manufacturer in China, since 2017.