Item 5.01 Changes in Control of Registrant.
On July 8, 2022, as a result of a private transactions, 3,000,000 shares of
common stock, $0.001 par value per share (the "Shares") of AZAR INTERNATIONAL
CORP., a Nevada corporation (the "Company"), were transferred from Hilario Lopez
Vargas to Yang, Lixue (the "Purchaser"). As a result, the Purchaser became
holders of approximately 77% of the voting rights of the issued and outstanding
share capital of the Company and became the controlling shareholder. The
consideration paid for the Shares was $350,000. The source of the cash
consideration for the Shares was personal funds of the Purchaser. In connection
with the transaction, Hilario Lopez Vargas released the Company from all debts
owed to him.
Other than as described below, there are no arrangements or understandings among
both the former and new control persons and their associates with respect to the
election of directors of the Company or other matters. The information set forth
in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 8, 2022, the existing director and officer resigned immediately.
Accordingly, Hilario Lopez Vargas, serving as a director and an officer, ceased
to be the Company's Chief Executive Officer, Chief Financial Officer, President,
Treasurer, Secretary and a Director. At the effective date of the transfer,
Yang, Lixue consented to act as the new Chief Executive Officer, Chief Financial
Officer, President, Treasurer, Secretary and a Director of the Company,
Mr. Yang, Lixue, CEO, CFO, and Director, 39, Graduated from University of
Science and Technology Beijing in 2006, majoring in marketing and management. He
is the president, Chief Executive Officer and chairman of the Board of Directors
of the Company.
Mr. Yang was the CEO of Shandong Zhongying Network Technology Co. Ltd, from 2012
to 2015. He was the CEO of Zhejiang Luo Fang Technology Co., Ltd, from 2015 to
2017. After that, he founded a company called Qingdao Qingliyuan Biotechnology
Co., Ltd in 2017, up to present. He was also the founder and chairman of
Yizhixin Co., Ltd, from 2018 to present.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 STOCK PURCHASE AGREEMENT, dated July 8, 2022, by and between Hilario
Lopez Vargas and Yang, Lixue
99.1 DIRECTORS RESOLUTIONS, dated July 8, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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