Current Report Filing (8-k)
January 26 2021 - 9:42AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): January 25, 2021
Finotec
Group, Inc.
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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033-20966
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76-0251547
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(State of incorporation)
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(Commission File
Number)
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(IRS Employer Identification
No.)
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1185
Avenue of the Americas, 3rd Floor.
New
York, New York
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10036
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(Address of principal
executive offices)
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(Zip Code)
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(646)
768-8417
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
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☐
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Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act: None
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Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which
registered
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N/A
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N/A
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N/A
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Item
5.01 Changes in Control of Registrant.
On
January 25, 2021, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share
(the "Shares") of Finotec Group, Inc., a Nevada corporation (the "Company"), were transferred from Custodian
Ventures, LLC to Yang Fuzhu (the “Purchaser”). As a result, the Purchaser became an approximately 86.95% holder of
the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became
the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the
Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar 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
January 25, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, 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, Wei Tian consented to act as the new President, CEO, CFO, Treasurer, Secretary
and Chairman of the Board of Directors of the Company.
Yang
Fuzhu - President, Chief Executive Officer and Director
Mr. Yang
graduated from Jiangsu Vocational College of Electronics and Information (formerly known as Huaiyin Electronic Industry School)
in year 1997. Mr. Yang has twenty years’ experience in his career in photography. He established “Red Rose Studio”
in 1999, to provide customized photo shooting services such as wedding photo shooting, wedding banquet shooting and portrait photo
shooting etc. He is the Founder and Chairman at Haoye Network Information Consultant Limited Company in Wuxi, China from 2009
to the present date, where he was responsible for corporate network system construction, website content optimization, online
sales personnel training, online shop system improvement and providing guidance in online industry alliances, etc. From 2011 to
the present date, Mr. Yang has served as Founder and Chairman of Lvpai Culture Communication (Shanghai) Company Limited, where
he has set up the online platform (“lvpai.com”) as online service marketing provider, providing destination wedding
photographer business and city brand name establishment and planning. From 2020 to the present date, Mr. Yang has served as Founder
and Chairman of Jiangsu Travel Photography Technology Group Company Limited, where he is responsible for business management and
strategic planning.
From
2008 to the present time, Mr. Yang serves as a member of the council of China Portrait Photography, where he is responsible for
integrating the member resource and member training. Mr. Yang’s business leadership and professional photography expertise
has, in the Company’s estimation, qualified him for his roles as the Company’s President, Chief Executive Officer
and Director.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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.
January
26, 2021
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Finotec
Group, Inc.
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/s/
Yang Fuzhu
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By:
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Yang Fuzhu
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Title:
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President
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