Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
October 05 2022 - 04:11PM
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 October
2022
Commission file number: 001-39259
China Liberal Education Holdings
Limited
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Room 805, Building 15, No. A1, Chaoqian Road
Science and Technology Park, Changping
District
Beijing, People’s Republic of China
102200
(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):
☐
EXPLANATORY NOTE
As previously disclosed, 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” or “China”), 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”). The
Acquired Company is an integrated education services provider
focusing on operating jointly-managed academic programs in the
vocational higher education industry in China. Pursuant to the
Stock Purchase Agreement, the Buyer agreed to 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 (the “ordinary shares”).
Upon the closing of the transactions contemplated by the Stock
Purchase Agreement in July 2022, 5,000,000 ordinary shares were
paid to a beneficiary designated by the Seller, and 2,000,000
ordinary shares were issued and held in escrow, to be released to
the Seller upon satisfaction of certain conditions set forth in the
Stock Purchase Agreement.
The audited financial statements and notes of Beijing Oriental
Wisdom Cultural Development Co., Ltd. for the fiscal years ended
December 31, 2021 and 2020 are filed as Exhibit 99.1 to this
current report on 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: October 5, 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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