EQUITY

3 Months Ended

Nov. 30, 2018

Notes to Financial Statements

EQUITY

NOTE 8 – EQUITY

Effective as of June 6, 2018, AB International Group Corporation amended its Articles of Incorporation to increase its authorized common stock to One Billion (1,000,000,000) shares, par value $0.001 per share.

During the three months ended November 30, 2018, the following 40,600,000 common shares were returned to the Company due to the termination of the Investor Agreement to acquire 51% ownership of iCrowdU Inc:

· 2,000,000 shares for acquisition of shares of iCrowdU as collateral and 8,000,000 shares as consideration.

· 20,200,000 issued to Alexander Holtermann for employment as Chief Executive Officer, 10,200,000 to Ian Wright for employment as Chief Operational Officer, and 200,000 to Eichbaum Financial Reporting Services Inc. for consulting fees.

As of November 30, 2018 and August 31, 2018, 106,725,000 and 147,325,000 issued and outstanding shares of common stock were held by approximately 525 and 32 shareholders of record, respectively.