Porter Group Limited (PGL) entered into a share purchase agreement to acquire Uni Line Corp. (OTCPK:ULNV) in a reverse merger transaction on December 16, 2016. Under the terms of the agreement, Uni Line Corp will issue 500 million common shares to the shareholders of Porter Group Limited. For financial accounting purposes, the share exchange will be accounted for as a reverse acquisition by PGL, and resulted in a recapitalization, with PGL, being the accounting acquirer and Uni Line, as the acquired entity. On December 16, 2016, Jun Chen resigned as sole officer, effective as of December 19, 2016, but continued to serve as a member of our board of directors. Zonghua Chen was appointed as our Chief Executive Officer, President and Chief Financial Officer effective as of December 19, 2016. Board of directors was increased from one to five members and Zonghua Chen and Maozi Cong were appointed to our board. Zonghua Chen was appointed as the Chairman. The purchase agreement also contains customary closing conditions, including, Porter Group Limited providing a valuation report of Porter Group Limited and a full and up-to-date audit of the financial position of Porter Group Limited, both satisfactory to Uni Line Corp and approval by Uni Line Corp shareholders to issue 500 million new common shares. The transaction is expected to close on or before June 18, 2017. Porter Group Limited (PGL) completed the acquisition of Uni Line Corp. (OTCPK:ULNV) in a reverse merger transaction on April 7, 2017.