ShanDong Confucian Biologics Co. Ltd. entered into a share exchange agreement to acquire International Packaging and Logistics Group, Inc (OTCPK:IPLO) from Standard Resources Limited in a reverse merger transaction on July 1, 2016. Under the terms, IPLO is considered the legal acquirer and Shandong Confusian Biologics is considered the accounting acquirer. On July 1, 2016, William Gresher resigned from the Board of Directors of International Packaging and Logistics Group. Owen Naccarato will resign as International Packaging and Logistics Group’s President, Vice President, Chief Financial Officer, Treasurer and Secretary. Messrs. Naccarato and Lin will resign from ShanDong Confucian Biologics Co. Ltd and Xiuhua Song will be appointed as IPLO’s President, Vice President, Chief Financial Officer, Treasurer and Secretary. The transaction is subject to conditions including consents and approvals of all lenders, lessors, and other third parties whose consent or approval is required, governmental approvals, due diligence investigation. The transaction has been approved by Board of International Packaging and Logistics Group, Board of Standard Resources Limited, parent of International Packaging and Logistics Group. The transaction has been approved by Directors and the shareholders of ShanDong Confucian Biologics. ShanDong Confucian Biologics Co. Ltd. completed the acquisition of International Packaging and Logistics Group, Inc (OTCPK:IPLO) from Standard Resources Limited in a reverse merger transaction on August 31, 2016.