UBIA UBI BlockChain Internet Ltd (CE)

Item 8.01 Other Events

On December 26, 2017, UBI Blockchain Internet, Ltd. (“the Company” or the “Registrant”) Board of Directors approved a three-for-one (3:1) common stock dividend (the “dividend”), of the Company’s issued and outstanding Class A and Class B common stock, par value $0.001, with a record date of January 9, 2018 and a payment date of January 10, 2018, based on FINRA’s execution of this corporate action. Each shareholder will receive a divided of three (3) common shares for each share owned of Class A common stock and Class B common stock owned on the record date. The dividend shares will have the same characteristics as the original shares. The Board believes that reasons for the stock dividend include: 1) the Board’s desire to make more shares available to improve trading liquidity; and, 2) to enhance the Company’s flexibility in connection with possible future actions, or other corporate purposes.

As of the date of this Current Report, the Company has 30,799,046 Class A common shares and 6,000,000 Class B common shares issued and outstanding. As a result of the common stock dividend, the Company will have 123,196,184 Class A common shares and 24,000,000 Class B common shares issued and outstanding following the dividend. Each share of Class B Common Stock is entitled to ten votes per share. Each share of Class B Common Stock is convertible into one (1) fully paid and nonassessable share of Class A Common Stock at the option of the holder thereof at any time upon written notice to the Company.

The Company has 1,000,000,000 Class A and 500,000,000 Class B shares authorized respectively. The stock dividend is not applicable to the non-voting Class C common shares, which cannot be converted into Class A or B shares. The Company’s stock transfer agent is: Empire Stock Transfer, Inc., 1859 Whitney Mesa Drive, Henderson, NV 89014.