UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2023
Commission File Number: 001- 39258
METEN HOLDING GROUP LTD.
(Translation of registrant’s name into English)
3rd Floor, Tower A
Tagen Knowledge & Innovation Center
2nd Shenyun West Road, Nanshan District
Shenzhen, Guangdong Province 518000
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
As previously disclosed in
its current report on Form 6-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 8, 2023, Meten
Holding Group Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”),
entered into an asset transfer agreement (the “Asset Transfer Agreement”) on June 7, 2023 with two individuals, Jianyu Guo
and Tianying Zheng (the “Sellers”), pursuant to which the Company agreed to acquire 200 Bitcoin mining machines in total,
or 100 from each of the Sekkers, in consideration for an aggregate number of ordinary shares valued at $880,000 to be issued to the Sellers.
On July 10, 2023, the Company
entered into Amendment No. 1 to the Asset Transfer Agreement with the Sellers, pursuant to which all parties agreed that the Company shall
issue 2,274,548 ordinary shares to each of Jianyu Guo and Tianying Zheng, or 4,549,069 ordinary shares in total, in consideration for
the mining machines acquired under the Asset Transfer Agreement. On July 10, 2023, the parties to the Asset Transfer Agreement closed
the transactions contemplated by the agreement and issued a total of 4,549,069 ordinary shares of the Company to the Sellers.
In connection with the closing
of the transactions contemplated by the Asset Transfer Agreement, the Company issued a press release on July 14, 2023. Copies of the English
translation of Amendment No. 1 to the Asset Transfer Agreement and the press release are attached hereto as Exhibit 10.1 and Exhibit 99.1,
respectively, and are incorporated by reference herein. The foregoing summaries of the terms of the Amendment No. 1 to the Asset Transfer
Agreement are subject to, and qualified in their entirety by, such documents.
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, thereunto duly authorized.
Date: July 14, 2023
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Meten Holding Group Ltd. |
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By: |
/s/ Siguang Peng |
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Name: |
Siguang Peng |
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Title: |
Chief Executive Officer |
2
Exhibit 10.1
Amendment No. 1 to the Asset
Transfer Agreement
Party A (transferee): Meten Holding Group
Ltd.
Address: Cricket Square, Hutchins Drive
P.O.Box 2681 Grand Cayman KY1-1111 Cayman Islands.
Party B (transferer)
A: Jianyu Guo
Nationality: People’s Republic of China,
ID number:
B: Tianying Zheng
Nationality: People’s Republic of China,
ID number:
Party A and Party
B have signed the Asset Transfer Agreement on June 7, 2023, which stipulates that Party B will transfer 200 BTC mining machines to Party
A, with a total transfer price of US $880,000, and Party A agrees to complete the consideration payment in the form of share issue. Party
A and Party B hereby agree on the following supplementary terms and conditions for mutual compliance with the shares paid for by the consideration:
I. The number of shares paid
by Party A to Party B (A) is 2,274,548 shares, the number of shares paid by Party A to Party B (B) is 2,274,548 shares, and the total
number of shares paid by Party A to Party B is 4,549,096 shares.
II. The price of the above
shares is USD 0.1934 per share.
III. Other matters shall be
subject to the provisions of the aforesaid Asset Transfer Agreement.
IV. This Supplementary Agreement
is made in quadruplicate, with Party A holding two copies and Party B holding two copies.
No text below.
Signature page
Party A: Meten Holding Group Ltd.
Authorized representative: /s/ Siguang Peng
Title: Chief Executive Officer
Party B (A) (signature): /s/ Jianyu Guo
Party B (B) (signature): /s/ Tianying Zheng
This Agreement is signed by both parties on July
10, 2023
Exhibit 99.1
Meten Holding Group Ltd. Announces Purchase
of 200 Units of
Antminer S19j Pro Bitcoin Mining Machines
SHENZHEN, China, July 13, 2023 /PRNewswire/ --
Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), a blockchain technology company,
today announced that it has entered into an asset purchase agreement with two unaffiliated third parties to acquire 200 units of Antminer
S19j Pro (110 TH/s), Bitcoin mining machines, and has agreed to issue to the sellers ordinary shares of the Company valued at $880,000.
The machines are expected to be delivered and put into operation by July 31, 2023.
To date, the Company has put 1,754 mining machines
into operation. The newly purchased 200 mining machines are expected to be delivered and put into operation by the end of this month,
at which point the Company will have 1,954 units of Bitcoin mining machines with a computing power of more than 208PH/s.
The Company intends to continue developing its
cryptocurrency business through purchasing more mining machines. The Company believes that operating a growing number of mining machines
will help the Company with its financial stability and long-term growth.
Mr. Alan Peng, Chief Executive Officer of Meten
Holding Group, commented: “We are excited to see the progress we have made so far and the potential for our cryptocurrency business
to grow in the long term. With the recent purchases and our plan to further increase the number of mining machines, we aim to continue
improving our financial conditions as well as maximizing value for our shareholders.”
About Meten Holding Group Ltd.
Meten Holding Group Ltd. is a blockchain technology
company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is
committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, and
mining pool and data center operation.
For more information, please visit: https://meten.investorroom.com
Safe Harbor Statement
This news release contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”,
“future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going
forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current
market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which
are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance
or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks,
uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required
under law.
For investor and media inquiries, please contact:
IR@meten.com
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