UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement
On July 15, 2025, Phoenix Plus Corp., a Nevada company (the “Company”), as the purchaser entered into a software purchase agreement (the “Software Purchase Agreement”) with SunRay Equity Group Limited, a company incorporated in British Virgin Island (the “Seller”), as the seller, with respect to a SolarPulse Monitor, as described more particularly therein (the “Software”).
Pursuant to the Software Purchase Agreement, the Company agreed to acquire from the Seller all of the rights, title, and interests in the Software for consideration of an aggregate of 480,000 ordinary shares (per share price of US$2.00) of the Company with an aggregate value of US$960,000 (the “Consideration Shares”). Pursuant to the Software Purchase Agreement and the Company, the Consideration Shares will be issued to the Seller on a completion date as may be agreed upon among the Company and the Seller.
The Software Purchase Agreement and the transactions contemplated thereby were approved and authorized by the board of directors of the Company on July 15, 2025.
Item 9.01 Financial Statements and Exhibits.
| Exhibit
Number |
Description | |
| 10.1 | Software Purchase Agreement, among Phoenix Plus Corp. and SunRay Equity Group Limited, dated January 15, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Phoenix Plus Corp. | ||
| (Name of Registrant) | ||
| Date: July 18, 2025 | By: | /s/ Lee Chong Chow |
| Name: | Lee Chong Chow | |
| Title: | Chief Executive Officer | |
| (President, Secretary, Treasurer, Director) | ||