UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||
| of Incorporation) | File Number) | Identification No.) |
Zhejiang Province,
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N/A
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Securities registered pursuant to Section 12(b) of the Act:
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Item 1.01 Entry into a Material Definitive Agreement.
On August 1, 2023, CXJ Technology (Hangzhou) Co., Ltd, a Chinese corporation (“the Company”) and a subsidiary of CXJ Group Co., Limited and signed an equity transfer agreement (the “Agreement”) with Mr. Qing Wang. Under this agreement, the Company will dispose 51% equity of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) , a Chinese company (“Xishijie”) with a purchase price of RMB 1 yuan. After this Agreement comes into force, Xishijie Automobile Industry Ecology Technology Co., Ltd will longer the subsidiary of CXJ Group Co., Ltd. .
The foregoing description of the Agreement does not purport to be completed, is solely intended as a summary of the material terms of the Agreement and qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 2.01 Completion of Acquisition or Disposition of Assets.
According to the Equity Transfer Agreement, the agreement is deemed completed after both parties have signed the agreement and the Company has disposed 51% of the equity of Xishijie Automobile Industry Ecology Technology Co., Ltd.
The foregoing description of the Agreement does not purport to be completed and is qualified in its entirety by reference to the full text of the Agreement.
Item 9.01 Exhibits.
(a) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| CXJ GROUP CO., LIMITED | ||
| By | /s/ Lixin Cai | |
| Name: | Lixin Cai | |
| Title: | Chairman and Chief Executive Officer | |
Date: August 11, 2023
INDEX TO EXHIBITS
| Exhibit No. | Description | |
| 10.1 | Equity Tranfer Agreement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |