Item 5.01 Changes in Control of Registrant.
Effective December 28, 2022, Borisi Alborovi, the previous majority shareholder
of Medicale Corp. (the "Company"), entered into a stock purchase agreement for
the sale of 3,200,000 shares of Common Stock of the Company (the "Shares") to
Magenta Acres, Inc.
As a result of the acquisition of the Shares, Magenta Acres Inc. holds
approximately 54% of the issued and outstanding shares of Common Stock of the
Company, and as such it is able to unilaterally control the election of our
board of directors, all matters upon which shareholder approval is required and,
ultimately, the direction of our Company.
Also effective on December 28, 2022, the previous sole officer and director of
the Company, Borisi Alborovi, resigned his positions with the Company. Upon such
resignations, Chen Zu De was appointed as Chief Executive Officer, Chairman of
the Board, Treasurer and Secretary, and Director of the Company.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
The disclosures set forth in Item 5.01 above are incorporated by reference into
this Item 5.02(a).
The business background description of the newly appointed officer and director
is as follows:
Chen Zu De
Mr Chen Zu De, who was born in 1962 (aged 60), served as Vice-President of
Finance of Zhejiang Rongye Building Materials Co., Ltd from May 2017 to October
2022. He served as project team manager and project team lead at Anhui Jiayiyang
Technology Co. from February 2009 to March 2017. Prior to this appointment, Mr
Chen served in various capacities in technology and construction companies in
Zhejiang and Anhui. He attended Zhejiang Lishui University, graduating in 1988
with a degree in Mathematics and Statistics.
Item 8.01 Other Events.
Change in Address of Company
Effective December 28, 2022, the Company's location and the location of the
Company's books and records has changed to 9314 Forest Hill Blvd #929,
Wellington, FL 33411.
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