Magicstem Group Corp. entered into a share exchange agreement to acquire Info-Nice Limited from Fong Sze Hung in stock on September 20, 2016. As consideration, Magicstem will issue 5.66 million restricted shares of common stock of Magicstem. No fractional shares or warrants of Magicstem Group Corp. will be issued in the transaction. Info-Nice will operate as a wholly owned subsidiary of Magicstem. Fong Sze Hung will be the duly elected Director and Officer of Info-Nice Limited. The closing of the transaction is subject to a number of conditions, including but not limited to satisfactory completion of due diligence, employment agreements, Info-Nice Limited providing audited financial statements of Info-Nice Limited to Magicstem Group, third party and regulatory approvals and listing of new shares of Magicstem Group. The deal is expected to close on September 30, 2016. Magicstem Group Corp. completed the acquisition of Info-Nice Limited from Fong Sze Hung in stock on October 11, 2016.