HENGYANG, CHINA, Nov. 15, 2018 (GLOBE NEWSWIRE) -- DD's Deluxe Rod Holder, Inc. (OTC: DDLX), (the "Company"), a Nevada corporation , announced today that the Company has successfully completed its reverse acquisition of Golden Sunset Group Limited (“GS Group”), a Seychelles International Business company through a share exchange transaction.
As previously disclosed, on June 15, 2018, the Company entered into a share exchange agreement with GS Group and holders of all outstanding capital stock of GS Group, pursuant to which on November 13, 2018, the Company acquired 100% of the outstanding capital stock of GS Group, and in exchange, the Company issued to the former shareholders of GS Group an aggregate of 230,000,000 shares of the Company’s common stock (the “Reverse Merger”). As a result of the Reverse Merger, GS Group became a wholly-owned subsidiary of the Company and the former shareholders of GS Group became the holders of approximately 98.3% of the Company’s issued and outstanding capital stock on a fully-diluted basis.
As a result of this transaction, the Company has a total of 234,000,000 shares of common stock outstanding.
Ms. Jun Quan, Chairman and Chief Executive Officer of the Company, commented, “The completion of this transaction has greatly strengthened our strategic positioning as we focus on elderly care business segments going forward.”
For more information about this transaction, please see the 8-K filed on November 13, 2018 at https://www.sec.gov/Archives/edgar/data/1643194/000149315218015770/form8-k.htm
About Golden Sunset Group Limited
Golden Sunset Group Limited (“GS Group”) is an international business company formed under the laws of Republic of Seychelles (“Seychelles”) on June 28, 2017. GS Group, through its subsidiary Xiao De Tian Xia (Shenzhen) Senior Care Management Services Limited and other affiliated entities, provides service management, lodging management, training management, property management, and senior community care services such as preventive health check, rehabilitation support, transportation, housekeeping, laundry, wellness program, interactive classes and recreational activities in China. For more information, please visit http://www.xiaodetx.com/ .
About DD's Deluxe Rod Holder, Inc.
DD's Deluxe Rod Holder, Inc. (OTC: DDLX) incorporated on September 26, 2014 under the laws of the State of Nevada. It originally intended to build its business by developing, marketing and selling a fishing rod holder for use primarily by ice-fisherman.
Forward-Looking Statements
This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s Current Report on Form 8-K filed on November 13, 2018 and in its other filings with the Securities and Exchange Commission.
Contact:
Ms. Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com