Exhibit 99.2

Shanghai WWT IOT Technology Co. Ltd

Balance Sheets

	September 30, 2014			December 31, 2013
	(Unaudited)
ASSETS

Current Assets:
Cash and cash equivalents	$	56,201		$	103,654
Notes Receivable		-			3,273
Accounts receivable		301,412			255,226
Other receivable		237,158			90,517
Costs in excess of billings on uncompleted contracts (“CIE”)		394,657			123,793
Inventories		622,639			753,594
Deferred assets-current		-			12,329
Prepaid expenses		31,039			37,670

Total current assets		1,643,106			1,380,056
Property and equipment, net		164,365			189,562
Intangible assets		8,330			8,393
Claims and accounts receivable		49,631			53,357
Other assets		6,845			6,896

Total assets	$	1,872,277		$	1,638,264

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities:
Accounts payable	$	288,328		$	369,955
Billings in excess of costs on uncompleted contracts (“BIE”)		280,894			355,945
Accrued expenses and other current liabilities		283,062			207,393

Total current liabilities		852,284			933,293
Loan from related parties		3,120,447			1,670,205
Total liabilities		3,972,731			2,603,498

Stockholders’ Deficit:
Paid in capital		1,576,568			1,576,568
Accumulated deficit		(3,682,761	)		(2,539,314	)
Accumulated other comprehensive income (loss)		5,739			(2,488	)

Total stockholders’ deficit		(2,100,454	)		(965,234	)

Total liabilities and stockholders’ deficit	$	1,872,277		$	1,638,264

See accompanying notes to interim unaudited financial statements

Teletronics International, Inc. and Subsidiary

Consolidated Statements of Operations and Comprehensive Income

	*Nine Months Ended September 30,*
	2014			2013

Net revenue	$	732,630		$	268,189

Cost of revenue		699,496			236,277

Gross profit		33,134			31,912

Operating expenses
General and administrative		315,304			481,498
Sales and marketing		472,798			427,435
Research and development		387,030			223,782

Total operating expenses		1,175,132			1,132,715

Income (Loss) from operations		(1,141,998	)		(1,100,803	)

Other (income) expense
Interest income		2,151			(376	)
Other income, net		(702	)		(887	)

Total other (income) loss, net		1,449			(1,263	)

Income before provision for income taxes		(1,143,447	)		(1,099,540	)

Provision for income taxes		-			-

Net loss	$	(1,143,447	)	$	(1,099,540	)

Other comprehensive loss, net of tax:
Cumulative translation adjustments (“CTA”)		8,227			(5,485	)
Total other comprehensive loss, net of tax	$	(1,135,220	)	$	(1,105,025	)

See accompanying notes to interim unaudited financial statements

Shanghai WWT IOT Technology Co. Ltd.

Unaudited Statements of Cash Flows

Nine Months Ended September 30,		2014			2013
Cash flows from operating activities:
Net income (loss)	$	(1,143,447	)	$	(1,099,540	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		45,884			40,640
Changes in assets and liabilities:
Notes receivable		3,252			-
Accounts receivable		(48,122	)		92,495
Other receivables		(147,450	)		(9,303	)
Costs in excess of billings on uncompleted contracts		(272,036	)		(186,335	)
Inventories		125,491			(314,585	)
Deferred assets- current		12,249			7,019
Prepaid expenses		6,358			35,195
Claims and accounts receivable		3,333			(8,902	)
Other assets		-			10,369
Accounts payable		(78,961	)		172,681
Billings in excess of costs on uncompleted contracts		(72,482	)		(4,714	)
Accrued expenses		77,278			14,883
Net cash used in operating activities		(1,488,653	)		(1,250,097	)
Cash flows from investing activities:
Purchases of property, plant and equipment		(22,069	)		(25,378	)
Purchases of intangible asset		-			(8,243	)
Net cash used in investing activities		(22,069	)		(33,620	)
Cash flows from financing activities:
Paid in capital		-			482,197
Proceeds from related party		1,463,986			737,421
Net cash provided by financing activities		1,463,986			1,219,618

Effect of exchange rate changes on cash and cash equivalents		(717	)		1,432

Net decrease in cash		(46,736	)		(64,099	)

Cash and cash equivalents – beginning of period		103,654			88,754

Cash and cash equivalents – end of period	$	56,201		$	26,087

Supplemental disclosure of cash flows information
Cash paid during the period for:
Income taxes	$	-		$	-
Interest	$	-		$	-

See accompanying notes to interim unaudited financial statements.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

1.	NATURE OF OPERATIONS

Shanghai WWT IOT technology Co., Ltd. (referred to herein as “WWT”, “the Company”, “we”, “us” or “our”) was formed on July 12, 2011 in Shanghai China. The Company is a new high-tech enterprise, and was established by a group of domestic and foreign technical experts. WWT is a leading Internet of Things (IOT) technology provider in China. The Company has been engaged in sensor networks based on wireless technology, researched and formulated solutions, developed the products, and provided engineer services. Our major industrial market segments include: 1) mining -- ramp-to-ramp automatic traffic coordination in demanding physical environments; 2) correctional facilities -- full-coverage precision location identification and security surveillance for individuals among crowds; 3) nursing homes -- remotely monitored nursing services supported by real time data via embedded or wrist sensors.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of our financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Areas requiring significant estimates and assumptions by our management include the following:

	●	provisions for uncollectible receivables due to client claims within the warranty periods

	●	provisions for income taxes and related valuation allowances and tax uncertainties

	●	recoverability of other intangibles and long-lived assets and related estimated lives

	●	accruals for estimated liabilities

Revenue Recognition

The Company recognizes revenue in accordance with ASC 605, Revenue Recognition, when persuasive evidence of an arrangement exists, the price is fixed or determinable, collection is reasonably assured and delivery of products has occurred or services have been rendered.

Revenue is reported on the completed contract method since majority of the contract usually completed within one year. Revenue is generated predominantly from the sales of various types of equipment and providing engineering services for mining companies, correctional facilities and nursing homes. Each contract includes these two portions of revenue. Generally, revenue from the contract to provide equipment and engineering services is recognized when the contract is substantial completed.

When the current estimate of total contract costs exceeds the current estimate of total contract revenues, a provision for the entire loss on the entire contract is made. Losses are recognized in the period in which they become evident under the completed-contract method. The loss will be presented as a separately captioned current liability on the statement of financial position.

Cost of Sales

Contract costs include all direct material and labor costs and those indirect costs related to contract performance. Indirect costs, included in cost of revenues, include charges for such items as facilities, engineering, project management, and quality control.

Research and Development Costs

Research and development costs are expensed as incurred. Research and development costs include travel, payroll, and other general expenses specific to research and development activities.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

General and administrative expenses

Our general and administrative expenses represent corporate overhead expenses that are not associated with the execution of the contracts. General and administrative expenses include charges for such items as executive management, corporate business development, information technology, finance and corporate accounting, human resources and various other corporate functions.

Cash and Equivalents

We consider highly liquid investments with an original maturity of three months or less to be cash equivalents.

Accounts Receivable

Accounts receivable are recorded at the invoiced amount based on contracted prices. Amounts collected on accounts receivable are included in net cash provided by operating activities in the statements of cash flows. Accounts receivable are carried at original invoice amount less the allowance for doubtful accounts based on a review of all outstanding amounts at year end. Management determines the allowance for doubtful accounts based on a combination of write-off history, aging analysis, and any specific known troubled accounts.

Inventories

Our inventories primarily consist of wireless components and finished goods, and are stated at lower-of-cost-or-market value. Cost is determined by using the first-in, first-out method. The Company periodically reviews the market price to write down the inventory cost. The Company recorded $0 of inventory valuation reserve for obsolescence and LCM inventory adjustments for the nine-month ended September 30, 2014 and the year ended December 31, 2013.

Costs in Excess of Billings on Uncompleted Contracts, Including Claims, and Advanced Billings and Billings in Excess of Costs on Uncompleted Contracts

Costs in excess of billings on uncompleted contracts represent the excess of contract costs using the completed contract method over billings to date on certain contracts. Billings in excess of costs on uncompleted contracts represents the excess of billings to date over the amount of contract costs recognized to date using the completed contract method on certain contracts. Since most of our contracts usually are completed within one year, we use completed contract method.

Property and Equipment

Property and equipment are recorded at cost. Major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Gains and losses from disposition of property and equipment are included in income and expense when realized. Depreciation and amortization are provided using the straight-line method over the following estimated useful lives:

Machinery and equipment		5 years
Electronic equipment		5 years
Furniture and others		5 years

Leasehold improvements are amortized over the lesser of the useful lives of the improvements or the related lease term, which is estimated three years.

Intangible Assets

Intangible assets primarily include the costs of Altium Designer Custom Board Implementation software technology license. License cost is amortized on a straight-line basis over the estimated useful lives of the asset, which is estimated three years.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

Fair Value of Financial Instruments

The Company is required to disclose the estimated fair value of certain assets and liabilities in accordance with ASC-825-10, “Financial Instruments”. As of September 30, 2014 and December 31, 2013, the Company believes that the carrying value of cash and cash equivalents, restricted cash, investments, accounts receivable, accounts payable, accrued expenses, and convertible debentures approximate fair value due to the short maturity of theses financial instruments and are based on quoted price in active markets (inputs based on quoted market prices for identical assets or liabilities in active markets at the measurement date).

Long-lived Assets

In accordance with ASC 360, “Property, Plant, and Equipment,” the Company reviews for impairment of long-lived assets and certain identifiable intangibles whenever events or circumstances indicate that the carrying amount of assets may not be recoverable. The Company considers the carrying value of assets may not be recoverable based upon our review of the following events or changes in circumstances: the asset’s ability to continue to generate income from operations and positive cash flow in future periods; loss of legal ownership or title to the assets; significant changes in our strategic business objectives and utilization of the asset; or significant negative industry or economic trends. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset are less than its carrying amount.

As of September 30, 2014 and December 31, 2013, we were not aware of any events or changes in circumstances that would indicate that the long-lived assets are impaired.

Income Taxes

The Company accounts for income taxes under ASC topic 740, Income Taxes, ASC topic 740 defines an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. ASC topic 740 further requires that a tax position must be more likely than not to be sustained before being recognized in the financial statements, as well as the accrual of interest and penalties as applicable on unrecognized tax positions.

Deferred income taxes are recognized for the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax payable for the period, if any, and the change during the period in deferred tax assets and liabilities.

Valuation allowance are recorded when it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred income taxes.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable and other receivables arising from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable related credit risk exposure beyond such allowance is limited.

Contracts with clients usually contain standard provisions allowing the client to curtail or terminate contracts for convenience. Upon such a termination, we are generally entitled to recover costs incurred, settlement expenses and profit on work completed prior to termination.

The Company maintains its cash with banks in the PRC. Cash accounts are not insured or otherwise protected. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believe is not exposed to any significant risks on its cash in bank accounts.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

Significant Customers

Significant customers of which represented 10% or more of the total revenue of the Company are as follows:

		September 30, 2014
No.	Customers	Revenue		Accounts Receivable
1	Customer F	$	319,634	$	18,681
2	Customer L		262,656		122,807
		$	582,290	$	141,488

		September 30, 2013
No.	Customers	Revenue		Accounts Receivable
1	Customer A	$	192,330	$	-
2	Customer DD		39,977		-
		$	232,307	$	-

Comprehensive Income (Loss)

The Company follows ASC 220, “Comprehensive Income” to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income (loss) for the nine months ended September 30, 2014 and 2013 included net income (loss) and income (loss) from foreign currency translation adjustments.

Translation Adjustment

The Company’s financial statements are presented in the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is Renminbi (RMB). Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of operations. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange prevailing at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of operations.

In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from RMB into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income. The exchange rates used for financial statements in accordance with ASC 830, Foreign Currency Matters, are as follows:

September 30, 2014	Average Rate for the period			Exchange Rate at the period end
RMB (¥)		RMB	6.1502		RMB	6.1560
United States dollar ($)		$	1.0000		$	1.0000

December 31, 2013	Average Rate for the year			Exchange Rate at year end
RMB (¥)		RMB	6.1905		RMB	6.1104
United States dollar ($)		$	1.0000		$	1.0000

September 30, 2013	Average Rate for the period			Exchange Rate at the period end
RMB (¥)		RMB	6.2215		RMB	6.1514
United States dollar ($)		$	1.0000		$	1.0000

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

3.	RECENT ACCOUNTING PRONOUNCEMENTS

The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information.

4.	ACCOUNTS RECEIVABLE

The primary accounts receivables by customers are as follows:

	September 30, 2014						December 31, 2013
Customers	Trade		Retainage		Total		Trade		Retainage		Total
Customer E	$	-	$	8,997	$	8,997	$	40,914	$	9,064	$	49,978
Customer D		4,398		-		4,398		4,432		-		4,432
Customer L		107,456		15,351		122,807
Customer F		18,681		-		18,681		49,915		18,820		68,735
Customer G		-		-		-		2,468		-		2,468
Customer H		-		-		-		2,332		-		2,332
Customer J		4,392		-		4,392		4,425		-		4,425
Customer I		10,884		-		10,884		23,403		-		23,403
Customer V		2,827		-		2,827		-		-		-
Customer B		-		14,886		14,886		88,334		14,998		103,332
Customer C		11,550		-		11,550		33,648		-		33,648
Customer W		8,285		-		8,285		-		-		-
Customer K		5,316		10,397		15,713		5,355		10,475		15,830
Customer X		124,074		-		124,074		-		-		-
Customer S		3,549		-		3,549		-		-		-
	$	301,412	$	49,631	$	351,043	$	255,226	$	53,357	$	308,583

As of September 30, 2014 and December 31, 2013, the noncurrent portion of retainage receivable included in “Claims and accounts receivable” on our balance sheets was $49,631 and $53,357, respectively. The retainage primarily related to 5-10% retainers as warranty deposits for repairing and maintenance within one to two years starting from the date of the completion of the contract.

5.	COSTS IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS AND BILLINGS IN EXCESS OF COSTS ON UNCOMPLETED CONTRACTS

Our CIE balance as of September 30, 2014 and December 31, 2013 was $394,657 and $123,793, respectively. Our BIE balance as of September 30, 2014 and December 31, 2013 was $280,894 and $355,945, respectively.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

Our primary CIE and BIE balances by customers and projects as of September 30, 2014 are as follows:

		September 30, 2014
Customer/Project Owner	Contract / Project Name	Accumulated Cost		Accumulated Billings		Costs and Estimated Earnings in Excess of Billings		Billings in Excess of Costs and Estimated Earnings
Customer M	Chongming island project	$	1,900	$	-	$	1,900	$	-
Customer N	Chongqing green bar aged care center wireless positioning and movement monitoring system		58,361		48,316		10,045		-
Customer F	The safety construction of “six” system		-		11,746		-		11,746
Customer BB	Gold international smart home project		532		-		532		-
Customer O	Community entrance guard security system phase I		2,002		2,757		-		755
Customer P	Henan north prison project		14,494		-		14,494		-
Customer G	Karamay black oil mountain park, elderly community personnel management		168,378		232,700		-		64,322
Customer J	Xinhui gold mine communication and emergency broadcasting system		55,686		69,420		-		13,734
Customer V	Kunshan welfare homes		4,128		8,068		-		3,940
Customer Y	Zijin copper project		21,021		18,105		2,916		-
Customer Z	Deep copper mine exploiting mine safety of the three systems		415,345		282,123		133,222		-
Customer B	Infrastructure and production docking main ramp signal system upgrading		38,354		-		38,354		-
Customer C	Shandong new city gold mine project		7,578		-		7,578		-
Customer AA	King bridge bond in the personnel positioning		-		7,775		-		7,775
Customer W	Qiqihar nursing home		5,797		14,162		-		8,365
Customer Q	Wenzhou oufei engineering neon lantau quarry comprehensive monitoring system		272,595		330,897		-		58,302
Customer Q	Wenzhou oufei engineering neon lantau quarry comprehensive monitoring system		41,488		-		41,488		-
Customer CC	Xinjiang thermal copper mine		104,612		92,468		12,144		-
Customer X	Fyfield-shayler copper ramp traffic signal system		111,310		204,382		-		93,072
Customer X	Fyfield-shayler copper ramp traffic signal system		7,001		4,998		2,003		-
Customer R	Various projects		21,060		16,508		4,552		-
Customer S	The infinite mountain project and The hetaoping project		153,204		172,087		-		18,883
Customer T	Zhejiang South Lake Prison project		125,429		-		125,429		-
		$	1,630,275	$	1,516,512	$	394,657	$	280,894

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

Our primary CIE and BIE balances by customers and projects as of December 31, 2013 are as follows:

		December 31, 2013
Customer/Project Owner	Contract / Project Name	Accumulated Cost		Accumulated Billings		Costs and Estimated Earnings in Excess of Billings		Billings in Excess of Costs and Estimated Earnings
Customer B	Infrastructure and production docking main ramp signal system upgrading	$	30,320	$	-	$	30,320	$	-
Customer C	Shandong new city gold mine project		1,870		8,322		-		6,452
Customer F	The safety construction of “six” system		268,519		321,716		-		53,197
Customer G	Karamay black oil mountain park, elderly community personnel management		149,909		257,977		-		108,068
Customer I	Light card prjoect		9,489		32,592		-		23,103
Customer J	Xinhui gold mine communication and emergency broadcasting system		56,102		69,938		-		13,836
Customer L	Benxi han wang “three” system		8,707		79,310		-		70,603
Customer M	Chongming island project		1,914		-		1,914		-
Customer N	Chongqing green bar aged care center wireless positioning and movement monitoring system		58,796		48,677		10,119		-
Customer O	Community entrance guard security system phase I		2,017		2,777		-		760
Customer P	Henan north prison project		4,678		-		4,678		-
Customer Q	Wenzhou oufei engineering neon lantau quarry comprehensive monitoring system		274,629		333,366		-		58,737
Customer R	Various projects		21,905		8,433		13,472		-
Customer S	The infinite mountain project and The hetaoping project		152,182		173,371		-		21,189
Customer S	Ma an mountain gypsum mine project		4,050		3,056		994		-
Customer T	Zhejiang South Lake Prison project		62,296		-		62,296		-
		$	1,107,383	$	1,339,536	$	123,793	$	355,945

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

6.	INVENTORIES

Inventories consisted of the following:

	September 30, 2014		December 31, 2013
Raw materials	$	260,136	$	322,241
Work-in-progress		6,012		41,435
Finished goods		356,491		389,918

Total inventories	$	622,639	$	753,594

7.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	September 30, 2014			December 31, 2013
Machinery and equipment	$	144,708		$	131,785
Electronic Equipment		71,907			64,233
Others		40,519			40,821
Leaseholder improvements		41,605			41,916

Total property and equipment		298,739			278,755
Less – accumulated depreciation		(134,374	)		(89,193	)

Total property and equipment, net	$	164,365		$	189,562

Depreciation expense for the nine-month ended September 30, 2014 and 2013 was $45,884 and $40,640.

8.	LOAN FROM RELATED PARTIES

Loan from related parties primarily consisted of the following:

	September 30, 2014		December 31, 2013
Fan, Guangsong	$	3,053,931	$	1,669,285
Others		66,516		920
	$	3,120,447	$	1,670,205

Fan, Guangsong is the Company’s former board of director. The borrowings are non-interest bearing and payable on demand. They were used for general working capital needs.

9.	COMPREHENSIVE INCOME

Total comprehensive loss includes, in addition to net income, changes in equity that are excluded from the statement of income and are recorded directly into a separate section of stockholders’ equity on the consolidated balance sheet.

Teletronics International, Inc. and Subsidiary

Notes to Interim Unaudited Financial Statements

Comprehensive income and its components consist of the following:

	*Nine Months Ended September 30,*
	2014			2013
Net loss	$	(1,143,447	)	$	(1,099,540	)
Cumulative translation adjustments (“CTA”)		8,227			(5,485	)

Comprehensive loss	$	(1,135,220	)	$	(1,105,025	)

10.

INCOME TAXES

The Company is incorporated in the PRC and is subject to PRC’s Unified Enterprise Income Tax Law (“EIT”). For the nine-month ended September 30, 2014 and the year ended December 31, 2013, the Company recorded income tax expense of $0.

11.

COMMITMENTS

We entered into multiple operating leases for our office, warehouse facilities, and corporation apartments in Shanghai China. The following is a schedule of total non-cancellable future approximate minimum lease payments required under the operating leases.

Years ending December 31,	Amount

2014	$	31,201
2015		127,731
2016		127,508
2017		95,377
2018		26,144

Total		407,961

12.

SUBSEQUENT EVENTS

On October 24, 2014, due to financial hardship, the Company entered into a debt restructure agreement with Guangsong Fan, Zhengzhou Chen and Yaqiong Zhang. Guangsong Fan is the former director of the Company, and Zhengzhou Chen and Yaqiong Zhang are Mr. Fan’s friends, and they auhthorized Mr. Fan to handle the debt restructure on behalf of them. Based on the agreement, the Company will be forgiven total loan of RMB 10,800,000, which is approximately USD 1.8M.

On October 30, 2014, the Company’s shareholders entered into an agreement with Teletronics (Beijing) Science & Technology Co., Ltd. to transfer 100% interest owned in the Company to Teletronics (Beijing) Science & Technology Co., Ltd. As result of the transaction, Teletronics (Beijing) would acquire 100% ownership of Shanghai WWT IOT Technology Co., Ltd. as its 100% wholly owned subsidiary.

The Company has evaluated all other subsequent events through the date these consolidated financial statements were issued, and determined that there were no other subsequent events or transactions that require recognition or disclosures in the financial statements.

Teletronics International, Inc. 8-K/A