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SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017
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Wide Angle Group Limited


December 31, 2015 and December 31, 2016


Note 12 - Commitments and Contingencies


Operating leases commitments


The Group leases certain office premises under non-cancelable leases. Rental expenses under operating leases for 2015 and 2016 were $33,943 and $ 33,146, respectively. As of December 31, 2016, future minimum lease payments under non-cancelable operating leases agreements were as follows:


Year ending December 31,  Leased Property Cost 
2017   36,870 
2018   27,652 
Total   64,522 


Note 13 - Subsequent events


On January 31, 2017, BT entered into a Securities Purchase Agreement with SSC and Beijing Sun Seven Stars Culture Development Limited, as guarantor, pursuant to which SSC agreed to purchase and BT agreed to sell 55% of the outstanding capital stock of WAG.


The Group has evaluated subsequent events through August 14, 2017, the date on which the financial statements were available to be issued.


The accompanying notes are an integral part of these consolidated financial statements. 23