7. Subsequent Events
On November 13, 2012, Corporate Services International, Inc./ Michael Anthony (Seller), who was the controlling shareholder of the Company, sold 380,000 shares of common stock, $0.001 par value and 5,000,000 shares of Series B Preferred Stock, $0.001 par value, to Chin Yung Kong (Purchaser) for an aggregated price of $ 170,000.00. The sold 380,000 shares of common stock represented approximately 77% of the total issued and outstanding common stock of the Company and the sold 5,000,000 shares of Series B Preferred Stock represent 100% of the total issued and outstanding preferred stock of the Company. As result of this share purchase transaction, Chin Yung Kong became the controlling shareholder of the Company. Chin Yung Kong used personal funds for the transaction.
On November 8, 2012, Michael Anthony forgave and released $69,799.00s due to related party that the Company owed to him for various expenses that he paid for the Company.