Item 5.01 Changes in Control of Registrant.
On February 18, 2020, as a result of a private transaction, 5,000,000 shares of
common stock (the "Shares") of Lepota Inc. (the "Company"), have been
transferred from Rene Lawrence to the Purchasers listed on Exhibit 99.2 (the
" Purchasers "), with Zhao Lixin becoming a 53.8% holder of the voting rights of
the Company, and the Purchasers becoming the controlling shareholders. The
consideration paid for the Shares, which represent 67.3% of the issued and
outstanding share capital of the Company on a fully-diluted basis, was $257,160.
The source of the cash consideration for the Shares was personal funds of the
Purchasers. In connection with the transaction, Iurii Iurtaev, the Director and
an officer of the Company, and Rene Lawrence, Secretary of the Company, released
the Company from all debts owed.
There are no arrangements or understandings among members of both the former and
new control persons, officers, directors, 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.
Upon the change of control of the Company, which occurred on February 18, 2020,
the existing director and officers resigned immediately. Accordingly, Iurii
Iurtaev, serving as the President, Chief Executive Officer, Chief Financial
Officer, Treasurer and as a Member of the Board of Directors, ceased to be the
Company's President, Chief Executive Officer, Chief Financial Officer, Treasurer
and Director. Rene Lawrence, serving as the Secretary, ceased to be the
Company's Secretary. At the effective date of the transfer, Zhao Lixin has
consented to act as the new President, Chief Executive Officer, Chief Financial
Officer, Treasurer, Secretary and Chairman of the Board of Directors of the
Company.
Mr. Zhao Lixin, age 42, graduated from Qingdao University of Technology with a
bachelor degree in Mechanical Design in 2000.
From January 2016 till now, Mr. Zhao has worked at Liaocheng Yili Network
Information Technology Company Limited ("LYN"), as company chairman. He is
responsible for making company decisions and strategizing the company direction
for LYN. Furthermore, he is involved in the technology innovation part for LYN
in order to fulfill the company development and society needs. Since July 2019,
he has worked as a research officer of the Muyan Block Chain (Digital Assets)
Business Model Research Institute of China Management Science Research
Institute. His main role is to give advices and ideas on the feasibility of
corresponding digital assets operation developments.
In September 2018, he won the "Top Ten Innovative People in Leading China's
Economic Development Industry" Award in China, for rewarding his contribution in
the block chain technology development field.
With sufficient experience in planning and management work, Mr. Zhao has been
appointed as a Chief Executive Officer, President, Secretary, Treasurer and
Chairman of Board of Directors of the Company in February 2020.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 WAIVER AND CONSENT TO ACTIONS IN LIEU OF A SPECIAL MEETING OF THE
DIRECTOR OF LEPOTA INC.
99.2 STOCK PURCHASE AGREEMENT, DATED FEBRUARY 18, 2020, BY AND AMONG RENE
LAWRENCE, THE PURCHASERS, AND THE COMPANY.© Edgar Online, source Glimpses
LEPOTA 
