Item 1.01 Entry into a Material Definitive Agreement.






Common Stock Offering

Between April 1, 2021 and May 15, 2021, Leader Capital Holdings Corp., a Nevada corporation (the "Company"), entered into separate securities purchase agreements (collectively, the "SPAs") with 46 investors, including certain existing shareholders of the Company and other accredited investors (collectively, the "Purchasers"), to sell shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), for a purchase price per share of $0.10 (the "Offering"). At the closing of the Offering, the Company will sell an aggregate of 26,837,500 shares of Common Stock (the "Shares") to the Purchasers, resulting in $2,683,750 in aggregate proceeds for the Company.

The SPAs contain representations and warranties, covenants and conditions, customary for transactions of this type.

The foregoing descriptions of the SPAs do not purport to be complete descriptions of the rights and obligations of the parties thereunder and are qualified in their entirety by reference to the full text of the form of SPA, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.





Stock Forfeiture

On May 17, 2021, the Company entered into a stock forfeiture letter (the "Stock Forfeiture Letter") with First Leader Capital Ltd., a significant stockholder of the Company and an entity solely owned and controlled by Lin Yi-Hsiu, the Company's Chief Executive Officer and a member of the Company's board of directors. Pursuant to the Stock Forfeiture Letter, on May 17, 2021, First Leader Capital Ltd. forfeited and surrendered 13,132,500 shares (the "Surrendered Shares") of the Company's Common Stock, and the Surrendered Shares were automatically cancelled and retired (the "Stock Cancellation"). First Leader Capital Ltd. agreed to forfeit and cancel the Surrendered Shares in exchange for the benefit from reducing the Company's outstanding Common Stock to be more in line with what management deems to be market expectations based on the Company's current valuation. Immediately following the Stock Cancellation, the Company had 125,761,719 shares of Common Stock issued and outstanding.

The foregoing description of the Stock Forfeiture Letter and the transactions contemplated thereby do not purport to be complete and are qualified in their entirety by reference to the full text of the Stock Forfeiture Letter, a copy of which is attached hereto as Exhibit 10.2 and is incorporated by reference herein.

Item 3.02 Unregistered Sales of Equity Securities.

To the extent required by this Item 3.02, the disclosure set forth in Item 1.01 above is incorporated herein by reference. The issuance of the Shares in the Offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance on an exemption from registration (a) under Section 4(a)(2) of the Securities Act, (b) under Rule 504 or Rule 506 of Regulation D under the Securities Act and/or (c) provided by Regulation S of the Securities Act inasmuch as certain Purchasers are persons other than "U.S. persons" (as defined in Rule 902 under the Securities Act) and the requirements of Rule 903 under the Securities Act were otherwise met.

Following the Stock Cancellation and upon issuance of the Shares at the closing of the Offering, the Company will have 152,599,219 shares of Common Stock issued and outstanding.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits



Exhibit
  No.     Description

 10.1       Form of Securities Purchase Agreement

 10.3       Stock Forfeiture Letter, dated May 17, 2021, by and between Leader
          Capital Holdings Corp. and First Leader Capital Ltd.

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