Item - 5.01 Change of Control of Registrant.
On June 29, 2021, Lili Xin, our Chief Executive Officer, Chief Financial
Officer, director and principal stockholder of the Company ("Ms. Xin"), and Wang
Fei ("Mr. Wang"), entered into a Stock Purchase Agreement (the "Stock Purchase
Agreement") pursuant to which Ms. Xin agreed to sell to Mr. Wang 80,000,000
shares of Common Stock registered in her name (the "Shares"), representing 59%
of the outstanding shares of common stock in the Company, at a purchase price of
Three Hundred Fifty Thousand Dollars ($350,000). The seller relied on the
exemption from registration pursuant to Section 4(2) of, and Regulation D and/or
Regulation S promulgated under the Act in selling the Company's securities to
Mr. Wang. The funds came from the personal funds of Mr. Wang, and was not the
result of a loan. The closing occurred August 10, 2021.
In connection with such sale, Lili Xin, our current CEO, President and CFO
resigned from her positions as the sole director and executive officer of the
Company. Concurrently therewith, Mr. Wang appointed to serve as the sole
executive officer and director of the Company.
Item - 5.02 Departure of Directors of Principal Officers; Election of Directors;
Appointment of Principal Officers.
The disclosure provided under Item 5.01 above is hereby incorporated by
reference.
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