Form 8-K - Current report
July 03 2023 - 12:09PM
Edgar (US Regulatory)
0001309057
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NONE
0001309057
2023-06-27
2023-06-27
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June
27, 2023
CHINA HEALTH INDUSTRIES
HOLDINGS, INC.
(Exact name of Registrant as specified in its Charter)
Delaware |
|
000-51060 |
|
86-0827216 |
(State or other jurisdiction
of incorporation) |
|
(Commission File No.) |
|
(IRS Employer
Identification No.) |
3199-1 Longxiang Road, Songbei District
Harbin City, Heilongjiang Province
People’s Republic of China, 150028
(Address of principal executive offices) (Zip Code)
86-451-88100688
(Registrant’s Telephone Number)
Not Applicable
(Former name or 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):
☐ |
Written communications 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 |
Not Applicable |
|
Not Applicable |
|
Not Applicable |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR 240.12b-2) ☐
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 June 27, 2023 (the “Signing
Date”), Harbin Humankind Biology Technology Co., Limited (“Humankind”), a wholly owned subsidiary of China
Health Industries Holdings, Inc. (“China Health”), a corporation incorporated under the laws of the State of Delaware,
entered into certain equity transfer agreements (collectively, the “Agreements”) with Mr. Xin Sun and Mr. Kai Sun (collectively,
the “Sellers”). Pursuant to the Agreements, the Sellers agreed to transfer to Humankind 99% and 1% of the equity interests
of Heilongjiang HempCan Pharmaceuticals Co., Ltd. (“HempCan”), for a consideration of RMB292,050,000 (approximately
$40,507,365) and RMB2,950,000 (approximately $409,165) respectively, totaling RMB295 million (approximately $40,916,530) (collectively,
the “Purchase Prices”). The Purchase Prices shall be fully paid to Sellers within 15 business days after the Signing
Date, and the Sellers shall complete certain registration procedures, such as change of equity ownership and change of business registration
within 15 business days after full Purchase Prices are received. If Humankind is late in paying the Purchase Prices, a 0.1% per day late
penalty on the amount of Purchase Prices that is paid late shall be paid to the Sellers. Mr. Xin Sun is China Health’s Chairman,
sole director and sole executive officer and Mr. Kai Sun is Mr. Xin Sun’s younger brother.
After the completion of the equity
transfer, Humankind will have the shareholder’s rights and fulfill the shareholder’s obligations. The Sellers shall assist
Humankind in having shareholder’s rights and fulfilling shareholder’s obligations. Humankind shall be entitled to the profit
and assume risk of loss of HempCan.
Founded in May 22, 2019, HempCan,
with a total of 22 employees as of the date of this report, has been engaging in Research & Development, production and marketing
of innovative drugs as well as medical devices and functional food. HempCan commits itself to providing an innovative treatment to patients
by developing a treatment approach with combination of anticancer, immune improvement and pain relief. In addition, HempCan also cooperates
with universities and individual advisors to develop new products and new technique. Currently, HempCan owns two anticancer drugs and
holds the business permit to plant hemp, hemp seed growing, cannabidiol (CBD) extraction and deep processing for other hemp products.
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.
|
CHINA HEALTH INDUSTRIES HOLDINGS, INC. |
|
|
Date: July 3, 2023 |
/s/ Xin Sun |
|
By: |
Xin Sun |
|
Title: |
Chief Executive Officer and
Chief Financial Officer
(Principal Executive Officer,
Principal Financial Officer and
Principal Accounting Officer) |
v3.23.2
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Jun. 27, 2023 |
Cover [Abstract] |
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8-K
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Document Period End Date |
Jun. 27, 2023
|
Entity File Number |
000-51060
|
Entity Registrant Name |
CHINA HEALTH INDUSTRIES
HOLDINGS, INC.
|
Entity Central Index Key |
0001309057
|
Entity Tax Identification Number |
86-0827216
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
3199-1 Longxiang Road, Songbei District
|
Entity Address, City or Town |
Harbin City, Heilongjiang Province
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
150028
|
City Area Code |
86-451
|
Local Phone Number |
88100688
|
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Not Applicable
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