COMMON STOCK

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

8. COMMON STOCK

On December 1, 2015, the Board of Directors of the Company approved to issue 200,000 shares of restricted common stock at $0.08 per share for the rendering of consulting services of $16,000 in a service period of twelve months commencing from December 2015. In August 2016, all 200,000 shares were issued.

On July 27, 2017, the Company issued 3,238,431common shares as settlement of $126,800 in advances made by the director of the Company.

On July 27, 2017, the Company issued 826,838 common shares as settlement of $32,375 in advances made by the former director of the Company.

On October 12, 2017, the Company completed a private placement of $100,000 and issued 20,000,000 shares of its common stock at a price of $0.05 per share and used the proceeds to settle all outstanding liabilities with a former director.

On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 50,000 shares of the common stock of Gain First Group Corporation (“Gain First”), a corporation formed under the laws of the British Virgin Islands.

On December 12, 2017, the Company issued 75,000,000 shares of its common stock to as consideration in lieu of a payment at a deemed value of $100,000 for Gain First to acquire an agency agreement for exclusive rights to distribute De Lassalle Ltd.’s wine products in the South East Asia region.

There were no stock options, warrants or other potentially dilutive securities outstanding as of December 31, 2017.

As of December 31, 2017, there were 141,137,387 shares of common stock issued and outstanding.