UMAX Group Corp. (OTCPK:UMAX) acquired a 48.5% stake in Funny Media Studios for 1,000,000 shares of Series B, Preferred Stock of the Company on April 14, 2022. In May of 2019, UMAX acquired operating control of Funny Media Group pursuant to an equity exchange agreement whereby it acquired 51.5% its outstanding equity in exchange for 5,000,000 shares of Series B, Preferred Stock of the Company. On April 13, 2022, the Company acquired the remaining 48.5% of Funny Media Group for an additional 1,000,000 shares of Series B, Preferred Stock of the Company making it a wholly owned subsidiary.

UMAX Group Corp. (OTCPK:UMAX) completed the acquisition of 48.5% stake in Funny Media Studios on April 14, 2022.