Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
April 07 2022 - 08:01AM
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 April 2022
Commission File Number: 001-40008
Global Internet of People, Inc.
Room 208, Building 1, No. 28 Houtun Road
Haidian District, Beijing
People’s Republic of China
(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): ☐
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
Entry into a Material Definitive Agreement
On April 2, 2022, Zhuhai (Zibo) Investment Co., Ltd. (“Zhuhai”), a
wholly-owned subsidiary of Global Internet of People, Inc. (“SDH”
or the “Company”), entered into an investment agreement (the
“Agreement”) with the following parties to form a joint venture
(the “JV”) dedicated to the production of high-grade lithium-ion
power battery anode materials.
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Shanghai Huiyang Investment Co.,
Ltd. (“Huiyang”), |
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Haicheng Shenhe Technology Co.,
Ltd. (“Shenhe”), |
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Guizhou Yilong New Area Industrial
Development Investment Co., Ltd. (“Yilong Investment”), |
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Guizhou Guangyao Management
Partnership (“Guangyao”), |
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Hainan Fuhe Investment Management
Partnership (“Fuhe”), and |
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eight individuals who will be
appointed to various management positions at the JV. |
The Agreement and related transactions were approved by SDH’s
shareholders at an extraordinary general meeting of shareholders
held on April 1, 2022.
Pursuant to the Agreement, Zhuhai will own 51% equity interest in
the JV, and Huiyang, Shenhe, Yilong Investment, Guangyao and Fuhe
will own a stake of 12.50%, 12.50%, 4%, 10% and 5% in the JV,
respectively. The eight individual shareholders of the JV together
will own an aggregated 5% equity interest in the JV.
The JV will be established in the New Materials Industrial Park of
Yilong District, Xingyi City of Guizhou Province, with a total
investment amount of up to RMB620 million ($98.13 million) and a
total land area of approximately 266,800 square meters, for the
production of high-grade lithium-iron power battery anode
materials. Construction of the production facilities at the site is
expected to be completed within 15 months after the JV obtains
regulatory approvals for the construction of the production
facilities.
Zhuhai will be responsible for the operation of the JV, with the
assistance and support of other shareholders of the JV. Yilong
Investment is obliged to use reasonable efforts to obtain, on
behalf of the JV, national-level tax incentives and favorable
government treatments, and will coordinate with local financial
institutions to provide financing to the JV. Yilong Investment
shall also ensure that the production facilities have enough power
supply in the form of clean energy, and will assist the JV in
obtaining the required regulatory approvals for the construction
and operation of the production facilities.
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, thereunto duly authorized.
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Global Internet of People,
Inc. |
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Date: April 7, 2022 |
By: |
/s/ Haiping Hu
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Name: |
Haiping Hu |
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Title: |
Chief Executive
Officer |
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