Item 1.01 Entry into a Material Definitive Agreement
Summary of the Transaction
We had purchased the Hukui Shares in two tranches, on
Background of the Transaction
As a result of our original purchase of the first 80,000 of the Hukui Shares on
Believing that it is not in the best interests of the Company and its
shareholders to register and be regulated as an investment company under the
Investment Company Act, we explored different lawful means by which we could
terminate our potential investment company status. We determined that the only
viable option to terminate our potential investment company status and lawfully
avoid registration and regulation under the Investment Company Act was to sell
the Hukui Shares on or before the
After making diligent efforts to seek a purchaser of the Hukui Shares, we received three all-cash offers to purchase the Hukui Shares. We accepted the offer of the Purchaser, which was the highest of the three all-cash offers that we received.
With the sale of the Hukui Shares, we believe that we are no longer deemed to be an investment company as defined in the Investment Company Act and, accordingly, we are not required to register and be regulated as an investment company thereunder.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. Item Description 10.1 Stock Purchase Agreement dated as ofNovember 17, 2021 by and amongGenufood Energy Enzymes Corp. , aNevada corporation; Yu-Lin Chen, an individual and resident of theRepublic of China ; andHukui Biotechnology Corporation , an international company incorporated inSamoa 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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