Honetech Inc entered into share purchase agreement to acquire 37.4% stake in Vivic Corp. (OTCPK:VIVC) from Dmitriy Perfilyev for $0.15 million on December 21, 2018. Under the terms of the agreement, Honetech will acquire 1,999,800 shares of Vivic from Dmitriy Perfilyev for $0.15 million. In a related transaction Honetech Inc entered into share purchase agreements to acquire 46.8% stake in Vivic Corp. (OTCPK:VIVC) from Yoel Rosario Duran for $0.15 million on December 21, 2018. Upon the consummation of these transactions, Hontech Inc became the controlling shareholder of Vivic. Further, Honetech used its company working capital to purchase these shares. In connection with this share purchase transaction, the following new members have been appointed to the Board of Directors and principal offices of Vivic: Wen-Chi Huang became Chairman of the Board and a Board Director, Huilan Chen became Secretary of the Board, a Board Director and the Controller, Cheng-Hsing Hsu became a Board Director and the Chief Financial Officer, Yun-Kuang Kung became the Chief Executive Officer, Kuen-Horng Tsai became the Supervisor of the Board of Directors and a Board Director and Kun-Teng Liao became a Board Director. Effective on December 21, 2018, Yoel Rosario Duran resigned from all positions he held in Vivic, including Chief Executive Officer, Chief Financial Officer, President, Treasurer, and Board Director, effective immediately. Dmitriy Perfilyev resigned as the Secretary of the Company, effective immediately. Further, effective December 27, 2018, Vivic changed the principal business office to Wanda Plaza, Luogang, Huangpu Area, Guangzhou, Guangdong Province, China. Honetech Inc completed the acquisition of 37.4% stake in Vivic Corp. (OTCPK:VIVC) from Dmitriy Perfilyev on December 27, 2018.