The Board of Wuhan General Group (China), Inc. (OTCPK:WUHN) announced the spin-off of Strategic Development of Technology (SDT), Inc. on September 4, 2018. The separation is planned as a tax-free spin-off transaction to Wuhan General Group (China)'s shareholders. As of the record date (cut-off date), Wuhan General Group (China) shareholders will be eligible to receive SDT common stock shares at a stock distribution ratio to be confirmed in the comings weeks. The transaction is expected to result in two separate public companies that will benefit from leading positions in their respective industries. Once the separation is completed, Strategic Development of Technology (SDT), Inc. will become a fully traded public company on both the US and Canadian market exchange and will continue its operations through its subsidiaries while Wuhan General Group (China), Inc. will file its 3 years of audited financials to become a fully reporting company as well as up listing to OTCQB, and apply for name and ticker symbol change. The completion of the transaction is subject to certain usual conditions, including SEC, legal and shareholder approvals. The Board of Directors of Wuhan General Group (China), Inc. has unanimously approved the plan to pursue spin-off of SDT. The separation is expected to be completed in the fourth quarter of 2018 with distribution date currently anticipated to be in December 2018, subject to change.