Jun Chen entered into a stock purchase agreement to acquire 75.6% stake in Galem Group, Inc. from Emiliya Galfinger for $0.3 million on August 29, 2019. As a part of the transaction, Jun Chen acquired 3 million shares at a price of $0.1 each. The transaction was funded from the personal funds of Jun Chen. In connection with the transaction, Emiliya Galfinger released the company from all the debts owed to her. Also, Jun Chen has been appointed as a Chief Executive Officer, President, Secretary, Treasurer and Chairman of Board of Directors of Galem Group and Emiliya Galfinger ceased to be Galem’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. Jun Chen completed the acquisition of 75.6% stake in Galem Group, Inc. from Emiliya Galfinger on September 4, 2019.