PBG Water International Solutions Inc. (‘PBG’) entered into a share exchange agreement to acquire Yakun International Investment & Holding Group (OTCPK:YIHG) (‘Yakun’) in a reverse merger transaction on November 17, 2017. The transaction will be structured as the acquisition by Yakun of all of the issued and outstanding shares of the capital stock of PBG in exchange for 46,839,439 shares of common stock and 19,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”). The Board of Directors of PBG authorized the execution and delivery of the agreement and the transactions contemplated hereby, and recommended to the stockholders that the share exchange be accepted. The Board of Directors of Yakun has approved the agreement. PBG Water International Solutions Inc. completed the acquisition of Yakun International Investment & Holding Group (OTCPK:YIHG) in a reverse merger transaction on January 15, 2018.