Success Entertainment Group International Inc. (OTCPK:SEGN) entered into letter of intent to acquire RENAVOTIO INFRATECH, INC on March 27, 2020. The terms of the acquisition have not been finalized. Success Entertainment Group International Inc. (OTCPK:SEGN) entered into a definitive agreement to acquire RENAVOTIO INFRATECH, INC on April 3, 2020. Post-closing, Renavotio Infratech will operate as a wholly-owned subsidiary of Success Entertainment Group International Inc. The board of Directors of Success Entertainment Group approved the transaction. The closing of the deal is expected to no later than April 30, 2020. Pacific Stock Transfer Company acted as transfer agent for Success Entertainment Group International. Renavotio Infratech Shares will be exchanged for 20 million SEGN Series A Preferred Shares on pro rata basis, which can be convertible into SEGN common stock. As of June 30, 2020, the closing of this acquisition has not been finished. As on August 29, 2020, the consideration will be paid as $0.6 million, Success Entertainment’s 6 million common stock restricted shares.