Item 1.01 Entry into a Material Definitive Agreement.
On July 15, 2022, Meizhong Health Industry Development Co., Ltd. ("Meizhong
Health"), a wholly owned subsidiary of America Great Health entered into a
Cooperation Agreement (the "Agreement") with Nanjing Zansheng Enterprise Service
Center. ("Nanjing Zansheng") pursuant to which the parties will establish a
joint venture in China (the "JV Company") for the purposes of fundraising and
promoting oral insulin-related products, as well as developing new oral insulin
drugs. Nanjing Zansheng shall invest one million RMB in the JV Company as
registered capital, to account for 49% equity ownership of the JV Company;
MeiZhong Health shall transfer and invest its oral insulin-related technologies,
which is patent pending, into the JV Company as its capital contribution, to
account for 51% equity ownership of the JV Company. Meizhong Health shall
designate a person to act as general manager of the new company, who shall be
responsible for the JV Company's operations and management.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 that involve risks and uncertainties. Statements
containing words such as "may," "believe," "anticipate," "expect," "intend,"
"plan," "project," "will," "projections," "estimate," or similar expressions
constitute forward-looking statements. Such forward-looking statements are
subject to significant risks and uncertainties, and actual results may differ
materially from the results anticipated in the forward-looking statements.
Differences may result from risks and uncertainties beyond the Company's
control. Additional factors that could materially impact the Company's results
and operations can be found under the caption "Risk Factors" in Zillow Group,
Inc.'s Annual Report on Form 10-K for the year ended December 31, 2015 and in
the Company's other filings with the Securities and Exchange Commission. Except
as may be required by law, Zillow Group does not intend, nor undertake any duty,
to update this information to reflect future events or circumstances.
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