Guanhua Corporation to Be Acquired By Yanex Group, Inc.

NEW YORK, NY / ACCESSWIRE / June 30, 2016 / GUANHUA CORPORATION (“GuanHua”) a Taiwanese developer and manufacturer of casual games and 3D animation products distributed worldwide, to be acquired by YANEX GROUP, INC. a publicly traded company listed on the OTC and traded under the symbol YNXG.

Pursuant to the terms of the acquisition agreement, GuanHua will own and control a total of 87 % of all of YNXG’s issued and outstanding shares following the completion of this tax free transaction.

GuanHua is one of the world’s most successful developers and manufacturers of casual casino games with revenue in excess of US$6,000,000 for its last fiscal year. It develops approximately 30 proprietary new games each year, many of which are distributed worldwide.

GuanHua also has a presence in the Mobile Gaming market, with one casual game title on the App Store. GuanHua works in conjunction with IAH Games in Singapore to publish a major title in third quarter of 2016.

GuanHua has negotiated a loan commitment of US$5,000,000 will be available immediately for use in expanding into the casual casino gaming industry, including horse racing machines, soccer, and similar casino related products.

The parties are concluding their respective due diligence activities, including the completion of audited statements of GuanHua for the years 2014 & 2015 and anticipate a final closing of this transaction on or before August 1, 2016.

FORWARD LOOKING STATEMENTS

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Guanhua Group management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements.

CONTACT:

bruce@wwcap.com

SOURCE: GuanHua Corporation

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