Current Report Filing (8-k)
March 06 2020 - 4:33PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
February 18, 2020
Date of Report (Date of earliest event reported)
KEMIAO GARMENT HOLDING GROUP
(Exact name of registrant as specified in
its charter)
Nevada
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333-161941
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N/A
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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6910 S. Cimarron
Rd., Suite 240
Las Vegas, NV
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89114
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(Address of principal executive offices)
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(Zip Code)
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(86) 021-38932525
Registrant’s telephone number, including
area code
______________________________________
(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 of the registrant under any of the following provisions
(see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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
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Trading Symbol(s)
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Name of each exchange on which registered
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None
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N/A
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N/A
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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 o
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. o
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 18, 2020, the Registrant’s Board of Directors
entered into a Debt Conversion Agreement (the “Agreement”) with World Capital Holding Limited (“WCHL”).
As per the terms of the Agreement, WCHL has agreed to accept 40,000,000 shares of restricted common stock (the “Debt Shares”)
of Kemiao Garment Holding Group. (the “Company”), in satisfaction of monies due to WCHL for all payments made to third
party creditors by WCHL on behalf of the Company. Following execution of the Agreement and issuance of the stock, the total debt
owed to WCHL will be paid in full, including principal and accrued interest. (See Exhibit 10.1)
ITEM 9.01. FINANCIAL STATEMENTS AND
EXHIBITS.
10.1 Debt Conversion Agreement, between the Company and World Capital holding Limited dated February 18, 2020.
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.
Kemiao Garment Holding Group
DATE: March 6, 2020
By:/s/ Yinpang Sheng
Name: Yinpang Sheng
Title: President
Kemiao Garment (CE) (USOTC:KMGH)
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