Environmental Control Corp. (OTCPK:EVCC) entered into an agreement to acquire Yong Bai Chao New Retail (Shenzhen) Co. Ltd. for CNY 9.3 million on September 14, 2021. Pursuant to the terms of the Acquisition Agreement, the Company agreed to acquire all of the issued and outstanding securities of YBC in exchange for 50 million shares of EVCC common stock. After the consummation of the acquisition, EVCC is obligated change its name to Yong Bai Chao New Retail Corp. The closing of this transaction is subject to certain terms and conditions.