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On
January 16, 2003, Quixit, Inc. (OTCBB: QXIT) Pursuant to
a Stock Purchase Agreement dated December 20, 2002 by
and among the Registrant, and TOP Group Corporation, a
New York corporation ("TOP Group New York"),
TOP Group New York purchased 4,400,000 shares of common
stock, no par value, of the Registrant, representing
eighty-eight percent (88%) of the outstanding capital
stock of the Registrant. TOP Group New York retained CMI
Capital as a consultant in connection with the
transaction.
Ninety-five
percent (95%) of the capital stock of TOP Group New York
is held by Song Ruhua. Mr. Song is the founder and
Chairman of TOP Group, a USD$2.8 billion privately
owned, China-based hi-tech conglomerate specializing in
computer software, computer hardware, LED display
systems, network technology, applied electronics,
communications technology and IT education. TOP Group
presently owns three publicly traded companies: Sichuan
TOP Software Co. Ltd. (TOP Software), listed on the
Shenzhen Stock Exchange ("SZSE") (stock code
000583); Jiangsu Chinese.com Co. Ltd. (Chinese.com),
listed on the SZSE (stock code 0008051); and Chengdu TOP
Sci-tech Co. Ltd. (TOP Sci-Tech), listed on the Growth
Enterprise Market of the Hong Kong Stock Exchange
("HKSE") (stock code 8135).
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