On May 18th , 2021, America Great Health (the “Company”) and David Tsai (“Dr. Tsai”), a pioneer in anti-cancer peptide research and invention in the United States, entered into a Cooperation Agreement, in which Dr. Tsai shall provide to the Company of relevant theories, technologies, methods, sources of raw materials, processing and production techniques, quality standards, quality control methods and other information and details related to his anti-cancer protein peptides, oral insulin and activation technology; Dr. Tsai shall also be responsible for the whole process of technology and product production, application and implementation, as well as professional technical support, consultation and cooperation in the process of product verification, publicity, promotion and sales. As consideration, the Company agreed to grant 8 million shares of AAGH common stock to Dr. Tsai along with certain monthly compensations and sales bonus.
In the 40-year research process, Dr. Tsai creatively invented, discovered and developed a number of theories, technologies, methods related to anti-cancer peptide research, and developed a variety of anti-cancer embryonic proteins and peptide compounds with promising clinical applications, mixtures and dietary supplement products. We believe that it will be highly beneficial to achieve the long term goal of the Company by working with Dr. Tsai in the aforementioned R&D and sales process.