Current Report Filing (8-k)
March 17 2020 - 12:10PM
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): March 17, 2020 (March 11, 2020)
DBUB
GROUP, INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
Nevada
|
000-28767
|
88-0403070
|
(STATE
OR OTHER JURISDICTION OF INCORPORATION OR
ORGANIZATION)
|
(COMMISSION
FILE NO.)
|
(IRS
EMPLOYEE
IDENTIFICATION NO.)
|
No.
108 ShangCheng Road, Suite 2-2204
Pudong
New District, Shanghai, China 200120
(ADDRESS
OF PRINCIPAL EXECUTIVE OFFICES)
+086-156-18521412
(REGISTRANT’S
TELEPHONE NUMBER)
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):
☐
|
Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting
Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
Trading
Symbol(s)
|
Name
of each exchange on which registered
|
N/A
|
|
|
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. ☐
ITEM
1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
February 11, 2020, DBUB Group, Inc. (the “Company”) entered into series of Debt Conversion Agreements (each, an “Agreement”;
together, the “Agreements”) with Ms. Zinan Zhou and Ms. Xueou Wang, respectively. As per the terms of the Agreements,
Ms. Zinan Zhou and Ms. Xueou Wang each agreed to accept 31,157,480 and 17,241,785 shares of the Company’s restricted common
stock (the “Debt Shares”), respectively, in satisfaction of the amount they lent to DBUB PTE. LTD. and Huantai (Shanghai)
Enterprise Management Co, Ltd., two of the Company’s subsidiaries. Following the execution of the Agreements and issuance
of the Debt Shares, the total debts owed to Ms. Zinan Zhou and Ms. Xueou Wang were paid in full, including principal and accrued
interest.
Item
9.01 Financial Statements and Exhibits.
Exhibit
No.
|
|
Document
|
10.1
|
|
Debt
Conversion Agreement, between the Company and Zinan Zhou regarding the debt of DBUB PTE. LTD., dated February 11, 2020.
|
10.2
|
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Debt
Conversion Agreement, between the Company and Zinan Zhou regarding the debt of Huantai (Shanghai) Enterprise Management Co,
Ltd., dated February 11, 2020.
|
10.3
|
|
Debt
Conversion Agreement, between the Company and Xueou Wang regarding the debt of Huantai (Shanghai) Enterprise Management Co,
Ltd., dated February 11, 2020.
|
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.
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DBUB
GROUP, INC.
|
|
|
Date:
March 17, 2020
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By:
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/s/
Zinan Zhou
|
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Name:
|
Zinan
Zhou
|
|
Title:
|
Chief
Executive Officer and Director (Principal Executive Officer)
|
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