EGOOS Mobile Technology Company Limited signed a letter of intent to acquire China Bio-Energy Corp. (OTCPK:CHIO) in a reverse merger transaction on September 3, 2015. The transaction is subject to a number of conditions, including satisfactory completion of diligence and execution of definitive agreements. As on October 19, 2015 China Bio-Energy Corp. enter into a share purchase agreement to acquire EGOOS Mobile Technology Company Limited. Under the terms of the agreement China Bio-Energy will issue convertible note to EGOOS Mobile Technology, Such note is convertible into 15 million shares of the China Bio-Energy Corp's common stock.

EGOOS Mobile Technology Company Limited completed the acquisition of China Bio-Energy Corp. (OTCPK:CHIO) in a reverse merger transaction on October 19, 2015.