Jiangsu Donghua Textile Co., Ltd. signed a non-binding letter of intent to acquire Trophy Resources, Inc. (OTCPK:TRSI) on September 10, 2018. Following the closing of the merger, Jiangsu Donghua Textile would emerge as the surviving company with a name and symbol change to follow. The merger is subject to a number of conditions, including the signing of a definitive merger agreement by September 30, 2018.