Company: Zhuoxun Hongtu Inc.

Form Type: 10-K

Filing Date: 2025-01-07

Corporate Action: Spin-off

Type: Update

Accession Number: 000121390025001262

Comments: Zhuoxun Hongtu Inc., incorporated in Nevada, originally established as Gushen, Inc., underwent a significant corporate restructuring involving a spin-off agreement on December 9, 2020. This agreement saw Custodian Ventures, LLC acquire all shares in Gushen Holding Limited for a nominal fee, resulting in Zhuoxun Hongtu Inc. relinquishing all interests in the holding company. The company operates in the family education sector and has experienced dormancy between 2017 and 2020, revived through investments and a share exchange with Dyckmanst Limited in 2021, which resulted in major ownership changes. As of September 30, 2024, current liabilities exceeded assets significantly, raising doubts about the company’s ability to continue as a going concern. The firm has developed a diverse product offering centered on family education, employing a mix of onsite and online educational services through its subsidiaries, effectively consolidating operations with Zhuoxun Beijing. Furthermore, they emphasize growth in the Chinese family education market and have engaged in various marketing strategies to attract and retain clients.

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