Department of Coffee and Social Affairs Limited acquired DOCASA, Inc. on September 1, 2016. As part of the deal, DOCASA, Inc. will issue its 170 million restricted shares of its common stock to Department of Coffee and Social Affairs Limited. DOCASA, Inc. will issue its common shares in two tranches in which 110 million is issued as part of the deal and the remaining 60 million shares will be issued at a time to be determined by the DOCASA's Board of Directors, but no later than August 31, 2017. Under the terms of the deal, Stefan Allesch-Taylor CBE has been appointed as Chairman of the Board of Directors, and Matthew Gill has been appointed as Vice Chairman of the Board of Directors of DOCASA. Also Ashley Lopez has been appointed as Chief Executive Officer and President, and Kazi Shahid as Chief Financial Officer of DOCASA. Pankaj Rajani has resigned from all positions of DOCASA. The transaction has been approved by the majority of the shareholders of DOCASA. Department of Coffee and Social Affairs Limited completed the acquisition of DOCASA, Inc. on September 1, 2016.