Dragon Jade International Ltd entered into an agreement to acquire United Century Holdings Limited from Lai Yat Man and other shareholders on August 31, 2012. Dragon Jade will issue its common stock as consideration on the basis of 2031 shares for each common stock of United Century. The other shareholders are Lau Muk Lan Angela, Datwani Meena, Henry Francis Quan, Kan Bik Chu, Lee Kar Li Elina, Lee Ying Chiu Herbert, Wong Chi Kei, Wong Hoi To Charles, Wong Wing, Wong Yuk Shui Agnes, Leung Hoi Yee Irene, Pak Yau Chun, Cheng Sum Wing, Wong King Ho, Wong Kwok Ying, Fung Kwong Pun, Wat Siu Wah and Leung Mei. Following the completion of the deal, United Century will become a subsidiary of Dragon Jade. United Century reported revenues of $0.3 million, total assets of $0.45 million, total common equity of $0.45 million, loss from operations of $0.1 million and net loss of $0.09 million for the year ended March 31, 2012. The transaction is subject to completion of due diligence by Dragon Jade and United Century.

Dragon Jade International Ltd completed the acquisition of United Century Holdings Limited from Lai Yat Man and other shareholders on September 1, 2012. As on September 10, 2012, Dragon Jade issued 20.003319 million shares of its common stock as consideration.