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2022-08-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
AND EXCHANGE COMMISSION
to Section 13 or 15(d)
the Securities Exchange Act of 1934
of Report (date of earliest event reported):
August 12, 2022
LVPAI GROUP LIMITED
Name of Registrant as Specified in its Charter)
Employer Identification No.)
50 West Liberty Street,
of principal executive offices)
telephone number, including area code)
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.
communications pursuant to Rule 425 under the Securities Act (17
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
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, 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. ☐
registered under Section 12(g) of the Exchange Act: None
registered pursuant to Section 12(b) of the Act: None
of each class
of each exchange on which registered
Item 5.01 Changes in Control of Registrant.
August 12, 2022, as a result of two private transactions, (i)
4,000,000 shares of Series A Preferred Stock, $0.001 par value per
share (the “Shares”) of Lvpai Group Limited, a Nevada corporation
(the “Company”), were transferred from Yang Fuzhu to Chen Yuanhang
and (ii) 1,000,000 Shares were transferred to Frank Chen (together,
the “Purchasers”). As a result, the Purchasers became holders of an
aggregate of approximately 43.48% of the voting rights of the
issued and outstanding share capital of the Company and Yang Fuzhu
retained 43.48% of the voting rights of the Company and is no
longer the controlling shareholder. The consideration paid for the
Shares was $172,500. The source of the cash consideration for the
Shares was personal funds of the Purchasers.
than as described below, there are no arrangements or
understandings among both the former and new control persons and
their associates with respect to the election of directors of the
Company or other matters. The information set forth in Item 5.02 of
this Form 8-K is incorporated by reference into this Item
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
August 12, 2022, the existing director and officer resigned
immediately. Accordingly, Yang Fuzhu, serving as a director and an
officer, ceased to be the Company’s Chief Executive Officer, Chief
Financial Officer, President, Treasurer and Secretary. At the
effective date of the transfer, Chen Yuanhang consented to act as
the new Chief Executive Officer, President, and a Director of the
Company, and Zhang Wenmin consented to act as the new Chief
Financial Officer of the Company.
Yuanhang Chen – Chief Executive Officer, President, Secretary,
Chen Yuanhang, aged 60, received his bachelor’s degree from Guangxi
Normal University in 1989. In 2009, he received an Executive Master
of Business Administration Program in Peking University.
1997, Mr. Chen Yuanhang founded Guangxi Chuanggu Group, operating
out of Guangxi, China. Mr. Chen Yuanhang continues to serve as the
President and Director and has been responsible for encouraging
business investments, while also providing leadership and strategic
direction for the company. In 2002, Mr. Chen Yuanhang founded
Guangxi TNKY Life Technology Group Limited and serve as the
President and Director until now. He also joined the Guangdong’s
Association for Promotion of Cooperation between Guangdong, Hong
Kong & Macao and served as Vice President in 2015.
to Mr. Chen Yuanhang ’s over 30 years of experience in top
management of various businesses, in July of 2022, the Board of
Directors elected to appoint him to the positions of President,
Secretary, Treasurer and Chairman of Board of Directors of the
Zhang Wenmin – Chief Financial Officer
Zhang Wenmin, age 39, graduated from Tianjin University with the
bachelor’s degree in Business Administration.
Zhang was in the travel-related photography industry for 10 years.
After years of development, Ms. Zhang is the CEO of Jiangsu Lvpai
Technology Group Co., Ltd. focusing on the travel-related
photography services. Ms. Zhang built a one-stop service platform
called “Global Travel Photography”, a well-known brand in the
travel-related photography industry, which integrates tourism,
photography, hotels, scenic spots, specialties and other
Zhang is also a well-known angel investor, who is experience at
business management and financial investment analysis. In addition
to the “Global Travel Photography”, she also invested in many other
start-ups, such as “XingYi Media”, “Zhongfu Cultural Tourism”,
“Smart Travel Camera Cabin”, “TianNian KeYang”, “Kuncheng RV
Tourism”, “Tianzhiquan Liquor”, some of them have grown to become
the strong market players in China.
9.01 Financial Statements and Exhibits.
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.
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