China Ningbo International Cooperation Co., Ltd. entered into a share purchase agreement to acquire substantially all assets of Chineseworldnet.com Inc (OTCPK:CWNO.F) for CAD 1.1 million on March 19, 2014. As part of the transaction, China Ningbo International will acquire 100% stake in ChineseWorldNet.com (Hong Kong) Ltd, 100% stake in NAI Interactive Ltd. and 23.8% stake in CWN Capital Inc. Chi Cheong Liu owns 1% stake in ChineseWorldNet.com (Hong Kong) Ltd. As per the agreement China Ningbo International Cooperation Co., Ltd. will pay CAD 0.26 million in cash and CAD 0.83 million promissory notes for all substantially all of the assets of Chineseworldnet.com Inc. Chineseworldnet.com Board of Directors unanimously recommended that shareholders vote for the transaction. The transaction is subject to approval of share holders of Chineseworldnet.com Inc. Securities Transfer Corporation acted as transfer agent for Chineseworldnet.com.

As of April 18, 2014, Chineseworldnet.com Inc shareholders approved the transaction.

China Ningbo International Cooperation Co., Ltd. completed the acquisition of substantially all assets of Chineseworldnet.com Inc (OTCPK:CWNO.F) on April 28, 2014.