Mary Ho, Rudolf Novotny, Shan Ho, Lily Ho and Moana Ho entered into stock purchase agreement to acquire 74.53% stake in Costo Inc. from Yuhua Xu for $0.22 million on February 1, 2016. Mary Ho, Rudolf Novotny, Shan Ho, Lily Ho and Moana Ho paid $0.028 per share of Costo Inc. Yuhua Xu owned 8 million shares of Costo and sold 7.99 million shares as part of the transaction. Mary Ho purchased 3,995,000 shares, Rudolf Novotny purchased 639,200 shares, Shan Ho purchased 1,118,600 shares, Lily Ho purchased 1,118,600 shares and Moana Ho purchased 1,118,600 shares of Costo. Yuhua Xu resigned as Chief Executive Officer and Director of Costo. Moana Ho, Director and President of Costo since January 2016, was appointed as Chairman of Board and Chief Executive Officer. The transaction is expected to close by February 15, 2016.

Mary Ho, Rudolf Novotny, Shan Ho, Lily Ho and Moana Ho completed the acquisition of 74.53% stake in Costo Inc. from Yuhua Xu on February 18, 2016.