CHINA VTV LIMITED AND SUBSIDIARY UNAUDITED PRO FORMA FINANCIAL INFORMATIONShare Exchange Agreement • May 8th, 2019 • China VTV LTD • Retail-family clothing stores
On March 15, 2019, China VTV Limited, a Nevada corporation (the “Company”), entered into a share purchase/ exchange agreement (the “Share Exchange Agreement”) with China VTV Ltd. (the “Target”), pursuant to which the Company agreed to issue on the Closing Date (defined in the Share Exchange Agreement) an aggregate of 110,550,000 shares of its common stock (the “Common Stock”) to all of the shareholders of the Target in prorated amounts in exchange for all of the issued and outstanding equity interests in the Target Company. Reference is made to Item 1.01 of a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the “Commission”) on March 21, 2019 and a related transaction (the “Reverse Merger”) for a description of the Share Exchange Agreement.
