On 1 January 2020, China Touyun Tech Group Limited entered into a scale-up program and license agreement with Triton Algae Innovations Ltd. in respect of granting to the Group a non-exclusive license to the Triton Acetate Process and Triton Green Strain and for the Group to conduct a pilot production and scale-up manufacturing program. Triton Acetate Process means Triton's proprietary fermentation process utilizing acetate as the carbon source in feedstocks. Such process is transferred to the Group under the technology transfer to enable the Group to utilize and scale-up the manufacture of product under the Program. Triton Green Strain means Triton's proprietary chlamydomonas reinhardtii green color algae strain, such chlamydomonas reinhardtii contains proteins, unsaturated fatty acid, omega 3, vitamin A and polysaccharide, and was recognized by U.S. Food and Drug Administration (FDA) as GRAS, i.e. generally recognized as safe.