Toronto, July 1, 2020 / PR Newswire /-ONERPRO TECHNOLOGIES CORP. (hereinafter referred to as ONERPRO) announceThe company has signed a final stock exchange agreement with its core partner Kogushi (Zhejiang) New material Technology Co., Ltd. (hereinafter referred to as Kaoji). ONERPRO is Canada's leading developer and supplier of coating products, coating technology. In addition, a number of high-performance coatings developed and sold by ONERPRO in 2012 have been widely used in thin films in construction, automotive, electronics and other industries. Kejishi is a high-tech enterprise founded by Zhejiang Longsheng (600352) shareholders focusing on the research and development, production and sales of high-function films. The Keji factory now has two fully automatic precision coating lines for the coating and gluing of polyurethane films. In addition, it has added a new global leading high-precision dedicated film casting line, which will be used to explore the feasibility of independent production of polyurethane films. After delivery, ONERPRO became a wholly owned subsidiary of Koji. DR.Stephen Hunt, the founder of ONERPRO, and his team will indirectly hold 21% of the shares and will continue to serve as the Managing Director and President of ONERPRO to lead the R & D team to continuously promote technological innovation and export technology to Keshi. The precision coating line has been put into production since December 2019 with an annual production capacity of more than 1.2 million square meters.

The signing ceremony of the final share exchange between ONERPRO and Koche

Complementary advantages are an important part of global mergers and acquisitions, including those with new coating materials and film materials. ONERPRO and Kobe realize that it is urgent to improve product quality, speed up product development, increase production capacity and expand market territory. After the completion of the merger, the original strong financial support and market expansion ability cooperate with ONERPRO's deep skills in technology development, product conception and production experience, so as to ensure its competitive advantage in the future.

The signing ceremony of the final share exchange between ONERPRO and Koche

Jonathan Hill, Managing partner of ONERPRO, said, "this stock exchange merger enables us to further integrate our leading coating development capabilities with coating composite technology itoco and Shiji, which we believe will soon be able to fully increase production capacity and yield. The deep complementary cooperation form of production and sales led by Kochs and innovative research and development led by ONERPRO will enable us to focus more on product research and development, improve the quality of existing products, expand the products we can provide, and provide better service markets. In addition, this merger allows us to avoid the possible quality control problems that may arise from seeking OEM due to insufficient production capacity, and further convey the concept of ONERPRO professionalism and quality to more customers. "

Mr. Shanjun, Director and CEO of Kojisi, also said that he was full of confidence in the merged Koji. Mr. Shanjun said: "this merger represents a key shift for ONERPRO and Koch in the global market. ONERPRO's excellent brand base and strong R & D and innovation capabilities, as well as the production advantages brought about by imported technology, give both sides an unparalleled opportunity on the world stage. "

The signing ceremony of the final share exchange between ONERPRO and Koche