Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
June 10 2022 - 07:01AM
Edgar (US Regulatory)
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 June 2022
Commission file number: 001-39259
China Liberal Education Holdings
Limited
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Room 1618 Zhongguangcun MOOC Times Building,
18 Zhongguangcun Street, Haidian District
Beijing, People’s Republic of China
100190
(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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Entry into a Definitive Agreement
On June 9, 2022, China Liberal Education Holdings Limited (the
“Company”) entered into a stock purchase agreement (the “Stock
Purchase Agreement”) with China Liberal (Beijing) Education
Technology Co., Ltd. (the “Buyer”), a subsidiary of the Company
formed in the People’s Republic of China (the “PRC”), Beijing
Oriental Wisdom Culture Development Co., Ltd., a company formed in
the PRC (the “Acquired Company”), and Beijing Cloud Class
Technology Co., Ltd. (the “Seller”). Pursuant to the Stock Purchase
Agreement, the Buyer will acquire 100% of the equity interests of
the Acquired Company from the Seller in consideration for 7,000,000
ordinary shares, par value US$0.001 per share, of the Company, of
which 5,000,000 shall be payable upon the closing of the
transaction contemplated by the Stock Purchase Agreement, and
2,000,000 shall be issued and held in escrow, to be released to the
Seller upon satisfaction of certain conditions set forth in the
Stock Purchase Agreement. The Acquired Company is an integrated
services provider in the higher education industry in China. The
closing of the transaction contemplated by the Stock Purchase
Agreement is expected to occur near the end of June 2022. A copy of
the Stock Purchase Agreement is attached hereto as Exhibit
10.1.
On June 10, 2022, the Company issued a press release announcing the
entry into the stock purchase agreement. A copy of the press
release is filed as Exhibit 99.1 to this Form 6-K.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities and 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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China Liberal Education Holdings Limited
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Date: June 10, 2022
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By:
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/s/ Ngai Ngai Lam
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Ngai Ngai Lam
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Chief Executive Officer and Chairperson of the Board of
Directors
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China Liberal Education (NASDAQ:CLEU)
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