Form 8-K - Current report
March 11 2024 - 8:00AM
Edgar (US Regulatory)
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0001749849
0001749849
2024-03-05
2024-03-05
iso4217:USD
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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
Date
of Report: March 5, 2024
ORGANIC AGRICULTURAL COMPANY LIMITED
(Exact name of registrant as specified in its charter)
Nevada |
|
0-56168 |
|
82-5442097 |
(State
of other jurisdiction of
incorporation or organization) |
|
(Commission File No.) |
|
(IRS
Employer
Identification No.) |
Room G504, Building 3, Kejichuangxincheng Chuangxinchuangye Plaza,
High and New Technology Industrial Development District,
Harbin City, Heilongjiang Province, China 150090 |
(Address of principal executive offices) (Zip Code) |
86 (0451) 5152-7001 |
(Registrant’s telephone number including area code) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading Symbol |
|
Name
of Each Exchange on Which Registered |
None |
|
None |
|
Not
Applicable |
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:
☐ |
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.
Item 5.01 Changes in Control of Registrant
On
March 5, 2024 Wu Zhiwei acquired a controlling interest in Organic Agricultural Company Limited (the “Registrant”). As a
result of transactions made on or before that day, Wu Zhiwei now has voting control over 34,180,800 common shares, representing 36.86%
of the Registrant’s outstanding common stock, which is the only class of voting stock of the Registrant. Mr. Wu’s voting
control of the Registrant is constituted of:
| ● | 9,000,000
shares owned of record by Heilongjiang Chuangyi Agriculture Co., Ltd. (“Chuangyi”).
Wu Zhiwei owns 60% of the registered equity in Chuangyi and is the Legal Representative and
CEO of Chuangyi. Chuangyi purchased the 9,000,000 shares from the Registrant in November
2022 in exchange for Chuangyi’s commitment to pay the Registrant 5,670,000 Renminbi
(U.S $792,000). To date, Chuangyi has paid $174,604 towards the purchase price and promised
to pay the remainder of the purchase price no later than October 16, 2024. The source of
the funds paid by Chuangyi has been its working capital. |
| ● | 15,000,000
shares purchased by Wu Zhiwei from Hao Shuping on March 5, 2024 for a purchase price of 1,500,000
Renminbi (U.S.$211,208) cash paid from Wu Zhiwei’s personal funds. |
| ● | 10,180,800
shares owned of record by Hao Shuping, regarding which Hao Shuping and Wu Zhiwei entered
into a Consensus Action Agreement (the “CAA”) on March 5, 2024. Pursuant to the
CAA, Hao Shuping has entrusted voting control over his shares to Wu Zhiwei and has committed
to sell none of his shares without written consent of Wu Zhiwei. The CAA will remain effective
while Hao Shuping retains ownership of any of the 10,180,800 shares. |
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.
|
ORGANIC AGRICULTURAL COMPANY LIMITED |
|
|
Dated: March 11, 2024 |
By: |
/s/ Wu Zhiwei |
|
|
Wu Zhiwei |
|
|
Chief Executive Officer |
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Mar. 05, 2024 |
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Document Period End Date |
Mar. 05, 2024
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Entity File Number |
0-56168
|
Entity Registrant Name |
ORGANIC AGRICULTURAL COMPANY LIMITED
|
Entity Central Index Key |
0001749849
|
Entity Tax Identification Number |
82-5442097
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
Room G504, Building 3
|
Entity Address, Address Line Two |
Kejichuangxincheng Chuangxinchuangye Plaza
|
Entity Address, Address Line Three |
High and New Technology Industrial Development District
|
Entity Address, City or Town |
Harbin City
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
150090
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City Area Code |
86 (0451)
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5152-7001
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