Current Report Filing (8-k)
October 27 2020 - 4:31PM
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 earlies event reported): October 27, 2020
AIXIN
LIFE INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Colorado
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0-17284
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84-1085935
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State
of
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Commission
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IRS
Employer
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Incorporation
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File
Number
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Identification
No.
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Hongxing
International Business Building 2, 14th FL, No. 69 Qingyun South Ave., Jinjiang District
Chengdu
City, Sichuan Province, China
(Address
of principal executive offices)
86-313-6732526
(Issuer’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:
[ ]
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Written
communication 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 [X]
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
Item
3.03 Material Modification to Rights of Security Holders
AIXIN
Life International, Inc. announced today that the Amendment to its Articles of Incorporation to effect a reverse stock split of
its issued and outstanding common stock, at a ratio of 1-for- 4 will become effective at 5:01 PM today. The Company’s common
stock will begin trading on a split-adjusted basis commencing upon market open tomorrow, October 28, 2020.
As
a result of the reverse split, every 4 shares of Aixin’s issued and outstanding common stock will be automatically combined
and converted into one issued and outstanding share of common stock, par value $0.0001 per share. Aixin’s will continue
to trade on the OTCQB Venture Exchange under the symbol “AIXN” but will be assigned a new CUSIP number, 009603
20 0. Effective upon the completion of the reverse stock split, Aixin will have approximately
50 million shares of outstanding common stock.
No
fractional shares of common stock will be issued as a result of the reverse stock split. Stockholders of record who would otherwise
be entitled to receive a fractional share will receive a cash payment in lieu thereof. The reverse stock split impacts all holders
of Aixin’s common stock proportionally and will not impact any stockholder’s percentage ownership of common stock
(except to the extent the reverse stock split results in any stockholder owing only a fractional share).
AIXIN
has chosen its transfer agent, Securities Transfer Corporation (“SCT”), to act as exchange agent for the reverse stock
split. Stockholders owning shares via a bank, broker or other nominee will have their positions automatically adjusted to reflect
the reverse stock split and will not be required to take further action in connection with the reverse stock split, subject to
brokers’ particular processes. SCT can be reached at (469) 633-0101.
In
connection with the reverse stock split, Aixin’s Articles of Incorporation will be amended to reduce the number of authorized
shares of common stock from 950 million shares of common stock to 500 million shares of common stock. Accordingly, on October
28, 2020, the number of authorized shares of Aixin’s common stock will be 500 million shares. Since the ratio of the decrease
in the number of shares of common stock outstanding as a result of the 1 for 4 reverse stock split is greater than the ratio of
the decrease in the number of authorized shares of common stock, the number of authorized shares of common stock now represents
an increase, on a percentage basis, compared to the number of shares of common stock outstanding as a result of the reverse stock
split.
Item
9.01 Financial Statements and 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.
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AiXin
Life International, Inc.
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Date:
October 27, 2020
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By:
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/s/
Quanzhong Lin
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Quanzhong
Lin
Chief
Executive Officer
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