Current Report Filing (8-k)
May 30 2018 - 6:11AM
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
February 27, 2018
_______________________________________________________________
COSMOS
GROUP HOLDINGS INC.
(Exact name of registrant as specified in
its charter)
NEVADA
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000-55793
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22-3617931
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S.
Employer Identification No.)
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Rooms 1705-6, 17
th
Floor,
Tai Yau Building,
No. 181 Johnston Road
Wanchai, Hong Kong
(Address of principal executive offices)
(Zip Code)
+852 3643 1111
(Registrant’s telephone number, including area code)
(Former name or former address, if changed
since last report)
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):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
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
o
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.
o
Item 1.01. Entry into a Material Definitive Agreement
Effective February
27, 2018, and March 1, 2018, we, through Foshan Cosmos Xi Yue Car Rental Co., Ltd., our wholly foreign owned entity, entered into
three loan agreements with China Merchants Bank Co., Ltd. in the following principal amounts (each, a “Loan,” and collectively,
the “Loans”):
Date of Loan
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Principal Amount
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Collateral
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February 27, 2018
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RMB 3,900,000
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RMB Deposit of 3,915,000
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March 1, 2018
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RMB 3,120,000
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RMB Deposit of 3,132,000
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March 2, 2018
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RMB 3,120,000
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RMB Deposit of 3,132,000
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Each Loan accrues interest
at a rate of 5% above the Bank of China Benchmark Lending Rate and matures 12 months from the date of actual loan issuance. Each
Loan is secured by a deposit of renminbi in the amounts set forth above.
The foregoing descriptions
of the Loan Agreement and the Collateral Agreement are qualified in their entirety by reference to such agreements, an English
translation of which has been provided by COSG and is filed as Exhibits 10.1 and 10.2 to this Current Report and incorporated herein
by reference.
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.
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COSMOS GROUP HOLDINGS INC.
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Dated: May 30, 2018
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By:
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/s/ Koon Wing Cheung
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Koon Wing Cheung
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Chief Executive Officer
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Cosmos (PK) (USOTC:COSG)
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