M&A - YCQH Agricultural Technology Co. Ltd

Form Type: 8-K

Filing Date: 2025-06-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225016213

Filing Summary: On June 24, 2025, Intelligent Hotel Group Ltd filed an 8-K report detailing the completion of an acquisition related to the disposition of its indirect wholly owned subsidiary, SCQC Agricultural Co. Limited. This transaction, finalized on April 28, 2025, involved the sale of all equity interests in the PRC Subsidiary to an independent buyer, Chenjiang Zhang. The Board of Directors approved the disposal agreement, recognizing it as part of the company's strategic plan to streamline operations and focus on core business activities. The PRC Subsidiary, previously engaged in bio-carbon-based fertilizer trading, was deemed inconsistent with the long-term development strategy of the company. Notably, the total consideration for this transaction was nil, and there is no significant relationship between the buyer and the company beyond this transaction.