Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 2, 2023

BAIYU Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-36055		45-4077653
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

139, Xinzhou 11th Street, Futian District

Shenzhen, Guangdong, PRC 518000

(Address of Principal Executive Offices)

+86 (0755) 82792111

(Issuer’s telephone number)

(Former name or former 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 to the registrant under any of the following provisions:

☐	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))

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 ☐

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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		BYU		Nasdaq Capital Market

Item 7.01 Regulation FD Disclosure.

On November 2, 2023, the Company issued a press release with respect to its entry into renewable energy industry, specifically the photovoltaic, energy storage, and fast charging station markets.

The information contained in this Item 7.01 of this Current Report, including Exhibit 99.1 hereto, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Item 7.01 of this Current Report.

Item 9.01 Financial Statement and Exhibits

(d) Exhibits

99.1		Press Release, dated November 2, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

	BAIYU Holdings, Inc.

Date: November 2, 2023	By:	/s/ Renmei Ouyang
	Name:	Renmei Ouyang
	Title:	Chief Executive Officer

Exhibit 99.1

BAIYU Holdings, Inc. announces its entry into the network layout of photovoltaic, energy storage power and fast charging stations, and new energy industry operation service business.

SHENZHEN, China, November 2, 2023 /PRNewswire/ On November 2, 2023, BAIYU Holdings, Inc. (NASDAQ: BYU) (the “company”) is pleased to announce its expansion of the company’s primary business operations. The company is expected to invest in fast charging stations and commercial machine stations, and provide customers with integrated new energy solutions and operations include photovoltaic systems, energy storage power and fast charging stations

At present, the company is actively expanding its presence in the filed of photovoltaic, energy storage power, fast charging stations, and the operation services within the new energy industry. The company adheres to its commitment to excellence in overall operation and maintenance, prioritizing quality, safety, reliability, and efficient service, and providing safer, more convenient and reliable green new energy power service for global quality customers. The Company aims to provide all-round solutions and operations for global new energy storage systems and specialized application fields. The company takes new energy as the main body and new integrated power systems as the development direction. Committed to the fields of new energy systems such as “clean energy, new energy, smart power, smart photovoltaic, fast charging station network operation and maintenance”, the company is expected to cooperate with new energy services such as photovoltaic, energy storage, electric power, charging piles and microgrid to provide customers with one-stop integrated power and energy services from design planning, integrated system, efficient operation, intelligent operation and maintenance to upgrading and transformation.

Ms. Ouyang Renmei, CEO of the company, emphasized, “under the background of dual carbon, our company will fully expand the new energy power industry in the future, help the process of global carbon neutrality, and enter the new energy power, photovoltaic and fast charging industries, which is anticipated to improve our company’s performance, enhance corporate value and contribute to our growth as a notable corporate brand.”

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of BAIYU Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” “anticipates”, or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company’s operations; the demand for the Company’s products and services, global supply chains and economic activity in general; the occurrence of any event, change or other circumstances; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by BAIYU Holdings, Inc. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

BAIYU Holdings, Inc.

Ms. LING XI

Email: ir@tdglg.com

Tel: +1 363 252 9699

Cover	Nov. 02, 2023
Entity Addresses [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 02, 2023
Entity File Number	001-36055
Entity Registrant Name	BAIYU Holdings, Inc.
Entity Central Index Key	0001556266
Entity Tax Identification Number	45-4077653
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	139, Xinzhou 11th Street
Entity Address, Address Line Two	Futian District
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000
City Area Code	0755
Local Phone Number	82792111
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	BYU
Entity Emerging Growth Company	false
Former Address [Member]
Entity Addresses [Line Items]
Security Exchange Name	NASDAQ