AB International Group Corp. announced a securities purchase agreement to issue 92,275 shares of series C convertible preferred shares at issue price of $0.850718 per share for an aggregate gross proceeds of $78,500 on September 6, 2022. The transaction will include participation from returning investor, Geneva Roth Remark Holdings, Inc. The company will incur issuance legal fees and due diligence fee of $3,500 and other expenses in relation to the transaction receiving net proceeds of $69,000.

The transaction is subject to satisfaction of customary closing conditions.