EQUITY

9 Months Ended

May 31, 2019

Notes to Financial Statements

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 nine months ended May 31, 2019, 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.

The Company issued the following common shares during nine months ended May 31, 2019:

· 1,975,000 shares for consulting services of $59,250 to two third-party consultants.

· 18,000,000 common shares to five unrelated parties for proceeds of $360,000.

· 20,100,000 shares for services of officers: 10,000,000 issued to Linqing Ye for employment as Chief Operational Officer, 10,000,000 issued to Lijun Yu for employment as Chief Marketing Officer, 100,000 to Brandy Gao for employment as Chief Financial Officer.

· 3,300,000 common shares for consulting services of $99,000 to nine third-party consultants.

· 27,000,000 common shares to one related party, the Chief Executive Officer Chiyuan Deng, and two unrelated parties, Kangdi Liu and Bonus Media Investment Limited, for proceeds of $540,000.

As of May 31, 2019 and August 31, 2018, 177,100,000 and 147,325,000 issued and outstanding shares of common stock were held by approximately 512 and 32 shareholders of record, respectively.