The Board of Chineseinvestors.com, Inc. (OTCPK:CIIX) resolved to spin-off CBD Biotechnology Co. Ltd. and ChineseHempOil.com, Inc. on December 9, 2017. Chineseinvestors.com's Board of Directors approved plans to spin off the Consumer Products Division in both the United States and China, which includes its hemp oil assets and its new wholesale alcohol distribution business. Chineseinvestors.com will take appropriate steps for the shares of the subsidiary’s common stock to be listed for trading on the OTC:QB. CIIX plans to spin off all of its hemp related assets including, CBD Biotech, Chinese Hemp Oil and Hemp Logic into a single private company (the "New Company") in order to bring the New Company into the public market in 12 to 18 months that follow. The New Company will issue one share of stock in the New Company for every four shares of CIIX’s common stock held by investors as of May 31, 2018. CIIX’s Chief Executive Officer, Warren Wang, and its Chief Financial Officer, Paul Dickman will serve on the board of directors of the New Company. The transaction is expected to complete at the end of February 2018.