Under the Agreement, both parties agreed to develop the Huaxin Cellar Blockchain platform for the Company’s collectible liquors and other premium products by constructing a mechanism featuring blockchain technology’s characteristics such as uniqueness, data tampering protection, and transaction traceability. The Company believes that the Huaxin Cellar Blockchain platform will increase the value of its collectible product lines.

As part of the diligent effort to perform under the Agreement, GSTC shall verify the authenticity of the Company’s premium products, making sure that they are not altered or replaced through physical means. GSTC will then use the Huaxin Cellar Blockchain platform to create irreplaceable digital IDs on a blockchain for each of the Company’s premium alcoholic beverage product.

Mr. Peng Yang, president of Oranco, Inc., commented, “We are pleased to announce our blockchain solution for spirit identification and collection has finished its test phrase and we will launch the Huaxin Cellar Blockchain platform soon. It will enable our customers to ensure the authenticity of our premium alcoholic beverages and allow our new premium brands to build their value over time. We look forward to the steady advancements of our blockchain technologies and services as we drive continued growth in our business.”