Item 5.01 Changes in Control of Registrant.

On June 8, 2022, three (3) shareholders of SavMobi Technology, Inc. (the "Company"), including Ma Hongyu, Ye Caiyun, and Li Wenzhe entered into stock purchase agreements with an aggregate of five (5) non-U.S. accredited investors (the "Purchase Agreements") to sell an aggregate of 25,095,788 shares of common stock of SavMobi Technology, Inc. (the "Company"), which represents approximately 40.54% of the issued and outstanding shares of common stock of the Company, for consideration of $250,958.

The Purchase Agreements were fully executed and delivered on June 8, 2022. Zhang Yiping and Chen Xinxin acquired approximately 24.54% and 6.46% of the issued and outstanding shares of the Company, respectively, and the remaining purchasers each acquired less than 4.99% of the issued and outstanding shares.





Purchasers      Shares acquired         %
Zhang Yiping          15,189,500       24.54 %
Chen Xinxin            4,000,000        6.46 %
Wang Yanfang           2,000,000        3.23 %
Liu Chen               2,000,000        3.23 %
Liu Ying               1,906,288        3.08 %

In addition, on June 8, 2022, Mr. Ma Hongyu, submitted his resignation from all executive officer positions with the Company, including Chief Executive Officer and Chief Financial Officer, respectively, effective immediately. On the same day, Mr. Ma Hongyu, the sole member of the Company's board of directors, appointed Ms. Chen Xinxin as Director and Chairman of the Board, and following such appointment, Mr. Ma Hongyu submitted his resignation of members of the Board, President, Secretary and Treasurer, which resignations were effective immediately.

On June 8, 2022, Ms. Chen Xinxin was also appointed as Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer, effective immediately.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.





(a) Resignation of Directors

The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(a).

There were no disagreements between Mr. Ma Hongyu and the Company or any officer or director of the Company.





(b) Resignation of Officers

The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(b).





(c) Appointment of Directors

The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(c).





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(d) Appointment of Officers

The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(d).

The business background descriptions of the newly appointed officer and director is as follows:





Chen Xinxin

Ms. Chen Xinxin ("Ms. Chen"), age 41, obtained a Bachelor degree of Art Management from Central Academy of Drama in 2014 in Beijing, China.

From May 2015 to July 2018, Ms. Chen was a market operations manager of Wuxi Ruiying Life Science Co., Ltd. ("Wuxi"). Wuxi had two major business steams, first one was research and development ("R&D") in biological technology field. The second one was sales and distribution of its developed products from its in-house successful R&D results. Ms. Chen was responsible to design the product presentation contents, company event organization and marketing and promotion of company brand name and products.

From September 2018 to present, Ms. Chen has been a vice president of operations department of Hangzhou Jizhong Ecological Technology Co. Ltd. ("Hangzhou Jizhong"). Hangzhou Jizhong is engaging in smart vehicle parking solutions. Ms. Chen is responsible for marketing and promotion work of in-house smart parking solutions. She is also responsible to handle the public relations matter by distributing company news and press releases.

With the well-developed public relations and marketing capabilities, Ms. Chen Xinxin has been appointed as a Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and Chairman of Board of Directors of the Company since June 8, 2022.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits:

99.1 FORM OF STOCK PURCHASE AGREEMENT, dated June 8, 2022, by and between

certain sellers and purchasers named therein. 99.2 DIRECTOR'S RESOLUTION, dated June 8, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)






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