Item 5.01 Changes in Control of Registrant.
On December 9, 2020, as a result of a private transactions, 100,000,000 shares
of Series A Preferred Stock, $0.001 par value per share (the "Shares") of
XXStream Entertainment, Inc., a Nevada corporation (the "Company"), were
transferred from Custodian Ventures, LLC to Wei Tian (the "Purchaser"). As a
result, the Purchaser became an approximately 93% holder of the voting rights of
the issued and outstanding share capital of the Company on a fully-diluted basis
of the Company, and became the controlling shareholder. The consideration paid
for the Shares was $220,000. The source of the cash consideration for the Shares
was personal funds of the Purchaser. In connection with the transaction, David
Lazar released the Company from all debts owed to him.
Other than as described below, there are no arrangements or understandings among
both the former and new control persons and their associates with respect to the
election of directors of the Company or other matters. The information set forth
in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 9, 2020, the existing director and officer resigned immediately.
Accordingly, David Lazar, serving as a director and an officer, ceased to be the
Company's Chief Executive Officer, Chief Financial Officer, President,
Treasurer, Secretary and a Director. At the effective date of the transfer, Wei
Tian consented to act as the new President, CEO, CFO, Treasurer, Secretary and
Chairman of the Board of Directors of the Company.
Wei Tian has a Bachelor Degree in Finance at Capital University of Economics and
Business, and a Bachelor Degree in International Economy and Trade at Shandong
University. Wei Tian is a certified Futures Advisor, Securities Analyst, and
Market Risk Analyst. We Tian worked at Morgan Stanley, in the Department of
Global Capital Markets in HK, at China Futures Co., Ltd., in the Department of
Research, and at China Securities Co., Ltd., in the Department of Investment
Banking/Research. Wei Tian participated and issued the Deutsche Bank Subprime
Mortgage Bonds Derivatives Plan, participate and issued the HSBC trust
asset-backed securitization Plan, and participated in multiple IPOs. Wei Tian
has been appointed as a Chief Executive Officer, President, Secretary, Treasurer
and Chairman of Board of Directors of the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 STOCK PURCHASE AGREEMENT, dated November 21, 2020, by and between
Custodian Ventures,. LLC and Wei Tian.
99.2 DIRECTORS RESOLUTIONS, dated December 9, 2020.
1
© Edgar Online, source Glimpses
HOUMU HOLDINGS LTD. 