M&A - AiXin Life International, Inc.

Form Type: 8-K

Filing Date: 2025-03-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225000261

Filing Summary: Aixin Life International, Inc. reported on March 24, 2025, regarding its acquisition activities. The document details the company's prior acquisitions of Aixin Shangyan Hotel and Aixintang Pharmacies. The acquisitions were completed in July and September 2021 respectively. The Company had entered into agreements to acquire 100% equity of both entities, which were previously under common control, leading to financial statement adjustments. The firm KCCW Certified Public Accountants recommended that the Company restate its consolidated financial statements for the year ended December 31, 2021, to reflect these acquisitions retroactively, correcting the presentation of the capital contribution from a major shareholder. An amendment to this Form 8-K is anticipated, which will include the restated financial statements and explanations of the adjustments made.

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