Chin Yung Kong acquired 68.7% stake in Alliance Petroleum Corporation (OTCBB:APCN) from Khurram Ijaz for $0.05 million on October 23, 2012. Khurram sold 10 million shares. As result of this share purchase transaction, Chin Yung Kong became the controlling shareholder of Alliance. In connection with this share purchase transaction, Khurram Ijaz resigned from all positions including Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Board Director. Nathan Guan resigned from the position of Board Director. Chin Yung Kong became the President, Board Director, Secretary, Treasurer, Chief Executive Officer and Chief Financial Officer of Alliance. Khurram Ijaz shall use the proceeds received to pay off all the outstanding liabilities of Alliance Petroleum Corp. Bin Zhou of Bernard & Yam, LLP acted as legal advisor for Alliance Petroleum.

Chin Yung Kong completed the acquisition of 68.7% stake in Alliance Petroleum Corporation (OTCBB:APCN) from Khurram Ijaz on October 23, 2012.