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NOTE 5. SHAREHOLDER'S EQUITY
 2 Months Ended
Jun. 30, 2014
Equity [Abstract]  
NOTE 5. SHAREHOLDER'S EQUITY

NOTE 5.   SHAREHOLDER’S EQUITY

 

Upon formation, the Board of Directors issued 10,000,000 shares of common stock for $1,000 in services to the founding shareholder of the Company.

 

On June 18, 2014, the sole officer and director of ALPINE 5 Inc. (the “Company”), Richard Chiang, entered into a Share Purchase Agreement (the “SPA”) pursuant to which he entered into an agreement to sell an aggregate of 10,000,000 shares of his shares of the Company’s common stock to Yilaime Corporation (“Yilaime”) at an aggregate purchase price of $40,000. These shares represent 100% of the Company’s issued and outstanding common stock. Effective upon the closing date of the Share Purchase Agreement, June 26, 2014, Richard Chiang executed the agreement and owned no shares of the Company’s stock and Yilaime was the sole majority stockholder of the Company.

 

The stockholders’ equity section of the Company contains the following classes of capital stock as of June 30, 2014:

 

  • Common stock, $ 0.0001 par value: 100,000,000 shares authorized; 10,000,000 shares issued and outstanding
  • Preferred stock, $ 0.0001 par value: 5,000,000 shares authorized; but not issued and outstanding.