Item 1.01 Entry into a Material Definitive Agreement.
On April 5, 2022, the Company entered into a definite agreement with Community
Economic Capital LLC, a California limited liability company, controlled by
Frank I Igwealor, (the "Seller"), and Eastwin8 Pte Ltd, Singapore ("EASTWIN8",
"Purchaser"), wherein Seller sold its control block preferred stock of the
Company, to Purchaser, represented by Mr. David Chong as part of a mutually
beneficial transaction in the Company purchased the total outstanding shares of
EASTWIN8 in exchange of majority holding, the control block preferred stock.
Item 5.01 Changes in Control of Registrant.
On April 5, 2022, Community Economic Capital LLC, ("CED Capital") a California
limited liability company, controlled by Frank I Igwealor sold its control block
preferred stock of the Company, to Eastwin8 Pte Ltd as part of a mutually
beneficial transaction in which the Company purchased the total outstanding
shares of EASTWIN8 in exchange of majority holding, the control block preferred
stock of the Company. Subsequent to the sale, Mr. Frank I Igwealor who was the
sole member of the Board and President, Secretary and Treasurer of the Company
resigned from these positions. Eastwin8 Pte Ltd nominee, Mr. Tan Chin Ngiap, the
control shareholder of the Company took over all the positions that were
previously held by Mr. Igwealor.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On April 5, 2022, following a change of control transaction that was completed
on April 5, 2022, the Company appointed Mr. Tan Chin Ngiap as the sole member of
the Board , Chairman, President, CEO, Secretary and Treasurer of the Company.
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