Donggao International Group Shares Limited entered into an agreement to acquire Traqer Corp. (OTCPK:TAQR) in a reverse merger transaction on November 27, 2017. Under the terms of the agreement, Traqer will issue 300 million shares to Donggao Shareholders. Upon the closing of transaction, Donggao shareholders will hold 300 million shares, representing approximately 98.1% of the total issued and outstanding shares of Traqer and 5.8 million would be owned by the shareholders of Traqer. The agreement may be terminated by mutual consent of Donggao and Traqer by either party if the exchange is not consummated by May 28, 2018. Limei Jiang, Chief Executive Officer of Traqer will resign and Yue Zhong, the current Chief Executive Officer of Donggao, will be appointed as a director, the Chairman of the Board of Directors, and Chief Executive Officer of Traqer. The transaction is subject to the delivery of Donggao’s audited financial statements and governmental approvals. The transaction has been approved by the Board of Directors of Donggao and Traqer and shareholders of Donggao. The parties anticipate closing the deal as soon as possible upon satisfaction or waiver of the closing conditions but in no event later than the earlier of (i) 180 days after the date of the agreement and (ii) 30 days after satisfaction or waiver of all closing conditions. Donggao International Group Shares Limited completed the acquisition of Traqer Corp. (OTCPK:TAQR) in a reverse merger transaction on September 24, 2018.