Item 5.01 Changes in Control of Registrant.
Effective April 25, 2022, Friction & Heat, LLC, the previous majority
shareholder of the Company, entered into a stock purchase agreement for the sale
of 220,000,000 shares of Common Stock of the Company to Tek Financial Limited,
organized under the laws of the Cayman Islands.
As a result of the acquisition, Tek Financial Limited holds approximately 97% of
the issued and outstanding shares of Common Stock of the Company, and as such it
is able to unilaterally control the election of our board of directors, all
matters upon which shareholder approval is required and, ultimately, the
direction of our Company.
Also effective April 25, 2022, the previous sole officer and director of the
company, Karina Garcia Peralta, resigned her positions with the Company. Upon
such resignations, Peter Rooney was appointed as Chief Executive Officer,
Treasurer and Secretary, and Director of the Company, and H'NH Paik Sun was
appointed Director of the Company.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
The disclosures set forth in Item 5.01 above are incorporated by reference into
this Item 5.02(a).
The business background descriptions of the newly appointed officers and
directors are as follows:
Officer and Director - Peter Rooney
Mr. Rooney has been involved in managing companies for over 35 years. He has
been a Director and Advisory Board member of TJK Capital Pty Ltd., a Private
Venture Capital & Strategic Fund Management since 2016. He was the former Vice
President of Sales in the Asia-Pacific region for Mincom Pty Ltd, a software and
services company that provides business software to industries including mining,
public infrastructure, defense, oil and gas. In addition to this, he was
appointed as Business Development Manager for Queensland and the Northern
Territory in 2001 where he was responsible for building the company's presence
in Queensland and the Northern Territory, and enhancing business development
through existing business relationships and assisting new clients to realize the
benefits of integration to disparate applications.
Mr. Rooney earned a Bachelor Psychology & Agriculture from the University of
Melbourne in 1976, and completed HSC in 1971.
Director - H'NG Paik Sun
Since 2007, Dr. Sun has been Associate Professor, Faculty Of Forestry,
University Putra Malaysia. Head Of Laboratory, Institute Of Tropical Forestry
And Forest Product (Introp), University Putra Malaysia. He also has served as a
Technical Expert/Consultant for several entities since 2011, and still serves in
that role for Mogul Energy International, Inc. and the Department Of Standards
Malaysia, and has served as the Country Representative of the International
Standards Organization (Iso) On Harmonizing Standard, Switzerland.
Dr. Sun earned a Doctor of Philosophy (Phd) from The Universiti Putra Malaysia
in 2003. He earned a Bachelor of Wood Science and Technology from The Universiti
Putra Malaysia in 1999.
Item 8.01 Other Events.
Change in Address of Company
On April 25, 2022, the Company's location and the location of the Company's
books and records has changed from Vista del vaque #13, la charcas Santiago,
Dominican Republic, to No. 19, Jalan Berjaya Baru, Taman Berjaya Baru, 43000
Kajang, Selangor,Malaysia.
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