Item 1.01 Entry into a Material Definitive Agreement.
On March 5, 2020, Pursuant to an Agreement for the Purchase of Common Stock
dated as of February 27, 2020, HangJin Chen purchased 5,000,000 shares of
Company Common Stock from Li WeiWei and fifteen (15) other purchasers
represented by Hangjin Chen purchased an additional 1,958,000 shares from other
shareholders of the Company. The aggregate shares purchased in this transaction
represented approximately 99.97% of the issued and outstanding shares of the
Company.
Item 5.01 Changes in Control of Registrant.
See Item 1.01, above. On March 4, 2020, a change in control of the registrant
occurred with the purchase of 6,958,000 shares of Company Common Stock
(representing 99.97% of the issued and outstanding shares of the Company) by
HangJin Chen and fifteen (15) other Purchasers represented by Mr. Chen.
Item 5.02 Departure of Directors and Principal Officers, Election of Directors,
Appointment of Principal Officers.
See Item 1.01, above. Effective March 4, 2020, the Board of Directors accepted
the resignations of Li WeiWei as President, Secretary, Chief Executive Officer
and a director of the Company and Alexander Ber as Treasurer of the Company and
appointed HangJin Chen to serve as President, Secretary, Treasurer, Chief
Executive Officer, Chief Financial Officer and Director until the next election
of directors and appointment of officers or the appointment of his successor
upon his resignation.
HangJin Chen (29)
Mr. Chen has served as President, Secretary, Treasurer, Chief Executive Officer,
Chief Financial Officer and a Director of the Company since March 2020.
Commencing in May 2016. In June 2019, he founded the Daqing Valley project and
Panan Dongchuan tourism development project. His other activities have included
Zhejiang Shenmiao Technology Co., Ltd., established in July 2019 where he served
as General Manager and Sheng Da Network Technology Co., Ltd., founded in October
2019, serving as its chairman. He also led a technology development team to
create Whale Buy Mall, expected to launch by the end of March 2020. Mr. Chen
attended Zhejiang University from 2017 to 2019 and received an EMBA (Senior
Manager MBA Masters Degree Courses).
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