Item 2.01 Completion of Acquisition or Disposition of Assets.

On November 18, 2021, Wave Sync Corp. (the "Company") entered into a Share Purchase/Exchange Agreement (the "Share Exchange Agreement") with Center Florence Holding LLC (the "Parent") and Center Florence, Inc. (the "Target"), a wholly-owned subsidiary of the Parent. In accordance with the Share Exchange Agreement, on December 1, 2021, the Parent sold and transferred one hundred percent (100%) of its shares in Target to the Company in exchange for four million six hundred thousand (4,600,000) shares (the "Exchange Shares") of the Company's common stock (the "Common Stock"), par value $0.001 per share, at an agreed price of $4.00 per share of the Common Stock for a total valuation of $18,400,000 of the Target.

In connection with the acquisition of the Target pursuant to the Share Exchange Agreement, the Company is entering into commercial and industrial real estate business through its newly acquired subsidiary Target Company, which owns three operating entities: (i) Florence Development LLC (in the business of purchasing, holding, salvaging, renovating, leasing and/or mortgaging real property and related improvements located in Florence, South Carolina); (ii) Royal Park LLC (dba The Country Club of South Carolina, operating as a golf club in Florence, South Carolina), and (iii) St. Louis Center, LLC (operating a recreational sports facility located in Affton, Missouri). Pursuant to the Share Exchange Agreement, the Parent shall not offer, sell, pledge or otherwise dispose of any of the Exchange Shares until one-year anniversary from November 18, 2021. The parties to this Agreement closed the transaction contemplated therein (the "Transaction") on December 1, 2021.

As a result of the Transaction, we have added, through the Target, the business line of operating and managing commercial and industrial real estates.


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