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 August 16, 2022, the Company’s wholly owned subsidiary Meizhong Health Industry Development Co., Ltd. (“Meizhong”) entered into a Cooperation Agreement with Qiyu Nanjing Enterprise Management Co., Ltd. (“Qiyu”) and Shaoxing Boyadi Textile Co., Ltd. (“Boyadi”), among which, the three parties will jointly invest in building the great health products trading market located in Huai’an City, China, with a total investment of 20 million RMB.
Upon execution of this Agreement, a joint venture will be established by the three parties, with a registered capital of 1 million RMB, of which Meizhong, Qiyu, and Boyadi will account for 42%, 28% and 30% of the joint venture, respectively. Meizhong shall be responsible for preparing the application material package for obtaining valid approvals for the project from the competent governmental authorities, planning, construction, management, production operation, raw materials purchase and products sale of the project, carrying out the operations and investment promotion efforts, etc.; Qiyu and Boyadi shall be responsible for raising funds for the entire project and conducting capital operation of the project, assisting Meizhong in investment promotion efforts, communicating with the local governmental authorities and trying to get preferential policies.
The term of this joint venture shall be five years, upon expiration, the period may be extended for another five years.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
AMERICA GREAT HEALTH
Date: September 03, 2022
By: /s/ Mike Wang
Name: Mike Wang
Title: President