Item 5.01 Changes in Control of Registrant
On June 24, 2020, Ping Zhang transferred 4,750,000 shares (the "Shares") of the
Company's issued and outstanding stock to Kang Min Global Holdings Limited, an
international business company incorporated in the Republic of Seychelles ("Kang
Min"). The transfer constitutes 85.8% of the issued common stock of the company,
making the transfer a change in control. Kang Min agreed to pay the outstanding
debts of the Company of $39,200, in consideration of the exchange of the Shares.
The payments will be in cash from Kang Min. A copy of the Agreement on Transfer
of Equity Interest is attached as Exhibit 99.1.
The current director of Kang Min is: Chan Kwok Wai Davy
The current principal shareholders of Kang Min are:
Pei Bin
Pang Yuan Fu
Yin Wei Jie
Zhang Guo Zhi
Jia Bai He
Wang Cui Gao
Cai Xue Qun
Feng Wen Qin
Li Yong
Zhang Sheng
Chan Kwok Wai Davy
Heung Kin Leung Kenny
Heung Tsui Yee
The parties have agreed that in the future a representative of Kang Min may, but
is not required to nominate one or more directors of the Company.
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