Ponderous Panda Capital Corp. announced that it has entered into a Letter of Intent dated May 31, 2018 (the 'LOI') for the acquisition (the 'Proposed Transaction') of Trait Biosciences Inc. ('Trait'). Upon completion of the Proposed Transaction, the business of Trait will become the business of PPCC.

On completion of the Proposed Transaction, the directors, officers and insiders of the resulting issuer are anticipated to be the following individuals. Michael B. Harrison -­ Chairman and Director. Mr. Harrison was previously a partner in and instrumental in building an international franchise organization.

Rodney W. Reum -­ Director. Rodney Reum, B.Comm., CPA, CGA, has over 35 years of experience in business, accounting and finance in both the public and private sectors. David T. Chu ­- Director.

Mr. Chu has 20 years of global experience in financial management, investment analysis and entrepreneurship. Recently with Early Growth Services as a consulting CFO, providing senior financial and strategic guidance to early stage and technology-oriented clients. David W. Smalley ­- Director and Chief Legal Counsel.

Mr. Smalley is the principal of David Smalley Law Corporation where he practices corporate and securities law. Edward T. L. Cheung -­ Director and Vice President. Mr. Cheung has over 20 years experience at global investment banks including JPMorgan, Lehman Brothers and Credit Suisse, advising on equities and derivatives to institutions, hedge funds and sovereign wealth funds.

Kimberly A. Landry -­ Chief Executive Officer. Ms. Harrison has 25 years experience as an entrepreneur across multiple industries. She is experienced in strategy, product development, venture capital funding, patents, distribution/licensing and government relations.

Richard T. Sayre -­ Chief Science Officer. Dr. Sayre is a former Level 6 Scientist at the Los Alamos National Laboratory and was recognized by Nature Journal as one of the top five crop researchers who could change the world. Erik Briones ­- Chief Operating Officer.

Mr. Briones has 20 years experience in the horticulture and marijuana industry, within the commercial growing and retail space. He is the founder and C.E.O. of Minnerva Canna. Eugene A. Hodgson -­ Chief Financial Officer.

Mr. Hodgson is an accomplished senior executive in both private industry as a banker, financial and public policy advisor. Currently he is Founder/President of an independent consultancy providing strategic and financial advisory primarily to startups in the bioscience, green energy, and mining sectors. Concurrently he is President/CFO of separate biosciences and metals mining companies.

Dr. Anne Lo ­- Director of Strategic Development. Dr. Lo trained as a veterinary surgeon and worked in a number of clinical positions. She subsequently joined Bain & Co in London, before moving to a strategy role with WorldPay.

Dr. Lo was most recently with Horizons Ventures based in Hong Kong, where she primarily covered science and healthcare investments. Andrew T. Hunter -­ Corporate Secretary. Mr. Hunter is a Scottish solicitor who obtained his LLB from the University of Dundee in 2006 and his LLM in Professional Legal Practice from the University of Strathclyde in 2013.