M&A - China Foods Holdings Ltd.

Form Type: 10-K

Filing Date: 2025-04-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225003945

Filing Summary: China Foods Holdings Ltd., incorporated on January 10, 2019, underwent a merger with Trafalgar Resources, Inc. on March 13, 2019, with the company as the surviving entity. The merger converted shares of Trafalgar’s common stock into shares of the company, with HY Resources Investments Limited owning a substantial share post-merger. The company changed its fiscal year-end to December 31, effective December 11, 2019. A significant strategic acquisition occurred on July 9, 2020, when the company completed a Share Exchange Agreement with Elite Creation Group Limited, entering the healthcare product distribution market. The company aims to develop health-related products and has identified substantial growth potential in the Great Health Industry in China, which is expected to grow from approximately USD2.01 trillion in 2023 to between USD2.43 trillion and USD2.57 trillion by 2025. The company is adopting multiple strategies to boost market share and revenue, focusing on development through various channels and partnerships, particularly emphasizing e-commerce and personalized health consulting.