Changzhi Shen entered into a stock purchase agreement to acquire 80.02% stake in Nodechain, Inc. (OTCPK:NODC) from Andy Michael Ibrahim and Alham Benyameen for $0.45 million on August 8, 2018. Changzhi Shen will acquire 68.2 million shares. On closing, Changzhi Shen will deliver the consideration, which was previously deposited in escrow pursuant to the terms of the Escrow Agreement to the Escrow Agent. The transaction is funded out of the personal funds of Changzhi Shen. On tenth day after closing date, Andy Michael Ibrahim will resign from his positions as President, Chief Executive Officer, Chief Financial Officer, Secretary and Member of the Board of Nodechain. Alham Benyameen will resign as the Chairman of the Board of Directors of Nodechain. Board of Directors of Nodechain appointed Changzhi Shen as the sole Director, Chief Executive Officer, President, Treasurer and Secretary of Nodechain. The transaction is subject to conditions including Changzhi Shen signing resignation letters of all existing officers and directors of Nodechain and Changzhi Shen executing Board consents appointing designees of Changzhi Shen as directors and officers of Nodechain. The transaction is expected to close no later than August 15, 2018. Changzhi Shen completed the acquisition of 80.02% stake in Nodechain, Inc. (OTCPK:NODC) from Andy Michael Ibrahim and Alham Benyameen on August 20, 2018.