ZHOU XUAN entered into a stock purchase agreement to acquire a 77.5% stake in Charmt, Inc. (OTCPK:CHMT) from Gediminas Knyzelis for $0.35 million on June 27, 2022. ZHOU XUAN acquired 3 million shares of Charmt as a part of the transaction. In connection with the transaction, Gediminas Knyzelis released Charmt, Inc. from all debts owed to him. The source of the cash consideration for the Shares was personal funds of ZHOU XUAN. On June 27, 2022, the existing director and officer resigned immediately. Accordingly, Gediminas Knyzelis, serving as a director and an officer, ceased to be Charmt's Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, ZHOU XUAN consented to act as the new Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and Chairman of the Board of Directors of Charmt.

ZHOU XUAN completed the acquisition of a 77.5% stake in Charmt, Inc. (OTCPK:CHMT) from Gediminas Knyzelis on June 27, 2022.