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Company Description (as filed with the SEC)
The history and development of AQU are described in the Offer Letter under the heading “Summary—Background Information” beginning on page 8, the heading “Information About Aquasition” beginning on page 46, and the heading “KBS Corporate History and Background” beginning on page 47, which descriptions are incorporated herein by reference. On March 24, 2014, a Share Exchange Agreement and Plan of Liquidation (the “Exchange Agreement”) was entered into by and among AQU, KBS International Holdings, Inc., a Nevada corporation (“KBS”), Hongri International Holdings Ltd., a company organized and existing under the laws of the British Virgin Islands and wholly owned subsidiary of KBS (“Hongri”), and Cheung So Wa and Chan Sun Keung, each an individual and shareholder of KBS (each, a “Principal Stockholder”). ... More ...