M&A - Maitong Sunshine Cultural Development Co., Ltd
Form Type: 8-K
Filing Date: 2025-03-05
Corporate Action: Merger
Type: New
Accession Number: 000121390025020761
Filing Summary: On March 5, 2025, Maitong Sunshine Cultural Development Co., Ltd. and its subsidiary, Beijing Tongzhilian Cultural Development Co., Ltd., signed a Framework Agreement for a merger and acquisition with Shenzhen Huayufeng Technology Co., Ltd. The acquisition aims to integrate Huayufeng's academic ability enhancement solutions and AI education technology services with Tongzhilian's cultural tourism resources. The agreement stipulates that the acquisition is contingent upon obtaining necessary government and internal approvals, completing all legal and financial procedures related to the acquisition, and executing a final merger and acquisition agreement. Upon meeting these conditions, Du Jianmei will transfer all equity in Huayufeng to Tongzhilian, and Maitong Sunshine will issue shares of its common stock to Du Jianmei, determined based on Huayufeng's financial condition and the market price of the common stock.
Document Link: View Document
Additional details:
Framework Agreement Date: 2025-03-05
Acquirer Name: Beijing Tongzhilian Cultural Development Co., Ltd.
Target Name: Shenzhen Huayufeng Technology Co., Ltd.
Owner Name: Du Jianmei
Acquisition Conditions: government and internal approvals, legal and financial procedures, execution of merger and acquisition agreement
Shares Issued: based on agreement of the parties with reference to financial condition of Huayufeng and market price of common stock
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