Fenyang Huaxin Wine Industry Development Co., Ltd. acquired Oranco, Inc. (OTCPK:ORNC) from Million Success Business Limited and others in reverse merger transaction on June 29, 2018. Under the terms of the transaction, Oranco will issue 349.3 million shares to Fenyang Huaxin Wine Industry shareholders, of which 28 million were issued at the closing and the remaining 321.3 million shall be issued at the completion of the increase of the Oranco’s authorized shares. As a result of the share exchange, former shareholders of Fenyang Huaxin Wine Industry became the controlling shareholders of Oranco. After the completion, Oranco will ceased to be a “shell company” and will continue the existing business operations of Fenyang Huaxin Wine Industry as a publicly traded company under the name “Oranco Inc.” Fenyang Huaxin Wine Industry Development Co., Ltd. completed the acquisition of Oranco, Inc. (OTCPK:ORNC) from Million Success Business Limited and others in reverse merger transaction on June 29, 2018.