ADGS Advisory, Inc. Announces New Share Structure in Acquisition of Quality Online Education Group Inc.

TORONTO, ON / ACCESSWIRE / October 7, 2020 / ADGS Advisory, Inc (OTC PINK:ADGS) is pleased to announce the amendment of its Articles of Incorporation in relation to its recent Merger Agreement with Quality Online Education Group Inc. (QOEG), a leading e-Learning company that specializes in providing real-time online English lessons to students in China and Southeast Asia.

ADGS has increased the number of authorized common shares to 5.02 billion, up to 3 billion of which will be reserved in order to enact the Merger Agreement, after passing the necessary resolutions of the Board of Directors and a two-thirds approval of its shareholders. The remainder of the increase will be reserved to fund potential new product line development, market expansion, and any further mergers and acquisitions as such opportunities arise. At the same time, an exchangeable shares structure will be used to finalize the current acquisition of QOEG.

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