Da Yun Heng Tong E-Commerce Company, Ltd. G08, Guangcai Supermarket, Mozitan Road Lu'An, ChinaAcquisition Agreement • April 2nd, 2015 • China Electronics Holdings, Inc. • Retail-home furniture, furnishings & equipment stores
On March 31, 2015, Lu'An Guoying Electronics Sales Co., Ltd., a PRC corporation (the "Purchaser"), a wholly owned subsidiary of China Electronics Holdings., Inc. (“Parent” or the "Company") and Da Yun Heng Tong E-Commerce Company., Ltd., a PRC corporation (the "Seller" or "Company" or "Anhui Glory E-Commerce") based in An Hui Province of People's Republic of China, agreed to extend the closing date of a potential acquisition transaction from March 31, 2015 to June 30, 2015 set forth in a letter of intent (the "Letter of Intent") agreed by both parties dated December 18, 2014 and filed as Exhibit 99.1 to the Form 8-K filed with the Securities and Exchange Commission (the "SEC") dated December 18, 2014 due to failure to obtain a financing to consummate the proposed acquisition.
