UMeWorld Inc.

UMeWorld Limited operates in digital media and education, primarily focusing on the China market. The company was originally incorporated in 1997 as AlphaRx Inc. in Delaware, initially as a pharmaceutical research and development company. In January 2013, it redomiciled to the British Virgin Islands and changed its name to UMeWorld Limited on March 8, 2013. AlphaRx ceased all pharmaceutical drug development operations on November 4, 2011, to pivot to digital media and education. On August 30, 2012, UMeWorld acquired UMeLook Holdings Limited, a digital media and education startup in China, through a share-exchange transaction involving the issuance of 70,000,000 AlphaRx common shares. Due to foreign ownership restrictions in the People's Republic of China (PRC) in the value-added telecommunications sector, UMeWorld operated its online platform through a variable interest entity (VIE), Guangzhou XinYiXun Technology Co. Ltd., which held the necessary Value-Added Telecommunication Services (VATS) license, registered trademarks, and software copyrights. UMeWorld was considered the primary beneficiary of Guangzhou XinYiXun under U.S. GAAP through contractual arrangements. In 2017, the company launched a trial day-care and private tutoring program for Grade 1 through Grade 6 students under the UMTang brand, which was discontinued later that year. On November 4, 2019, UMeWorld entered into an acquisition agreement with Beijing Radish Green Vegetable Education Technology Co., Ltd. ("Proud Kids") in an all-stock transaction, under which up to 37,500,000 ordinary shares would have been issued.