Sharing Economy International Inc.’s (NasdaqCM:SEII) wholly-owned subsidiary, EC Advertising Limited, has entered into an exclusivity agreement with Channel Power Ltd. to acquire Touch Media Interactive (HK) Co., Ltd. EC Advertising will acquire not less than 73% of Channel Power, which in turns holds 70% of the issued share capital of Touch Media Interactive (HK) Company Limited, an advertising agency in Hong Kong. As a result, EC Advertising will in effect own 51% of the total voting rights of Touch Media.