Crimson Forest Entertainment Group Inc. (OTCPK:CRIM) signed a Memorandum of Understanding to acquire Hannover House, Inc. (OTCPK:HHSE) on March 12, 2017. Both companies will merge under a stock-swap deal. Pursuant to closing, existing shareholders and managers of Current shareholders of Hannover House, Inc. will collectively own approximately 57.1% of the combined stock, and the existing shareholders and managers of Crimson will collectively own approximately 42.9% of the combined stock. Jonathan Lim, Chairman, Eric Parkinson, Chief Executive Officer, Fred Shefte, President and Tom Sims, Vice President of sales will form the Board of Directors of the combined company. The existing offices for Hannover House and its affiliate Medallion Releasing, Inc. in Fayetteville, Arkansas will remain as the primary distribution operations office. The Los Angeles offices for Crimson Forest will serve as the combined company's corporate and production headquarters, and the Crimson Forest will also operate a production office out of West Hollywood, California and an office in Shanghai, China, will continue to operate as the finance office for the funding of new productions and releasing costs. The closing of the transaction is subject to regulatory approval. The merger was approved by the shareholders of Hannover House and Crimson Forest Entertainment Group. The transaction is expected to close on May 1, 2017. As of May 25, 2017, the operational merger has been completed but the stock-for-stock swap of the merger is still awaiting final valuation approval and implementation. The principal managers of Hannover House have assumed day-to-day operations of Crimson Forest. As of June 22, 2017, the combined company's ticker-symbol will be rebranded and three additional outside board members will also be brought into the combined company, following the stock-for-stock swap.