Yes I am. Looks like they are doing a pretty big RM with Buyippee but a 1:1000 RS on on the table. It has caught some volume last 2 weeks and bid has been creeping up so not sure how this plays out. I dont think Buyippee is some small outfit but the big RS isn't cool. Doesnt leave us with much if they go through with it.
April 2nd filing-
https://www.otcmarkets.com/filing/html?id=17420834&guid=4lO-kanF-sRSJth
Item 1.01 Entry into a Material Definitive Agreement.
On March 29, 2024, the Issuer entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with OLS Asia Corporation, a British Virgin Island corporation (“Buyippee”), and certain Investors pursuant to which the Issuer agreed to issue Twenty Billion (20,000,000,000) shares of its common stock, par value $0.001, (the “ENMI Shares”) to acquire One Thousand (1,000) shares of the OLS Asia Corporation, a British Virgin Island corporation (“OLS”) (representing all of the total issued and outstanding shares of OLS’s Common Stock) held by such Investors. OLS is engaged in the logistics business.
The Issuer also agreed to use commercially reasonable efforts to effectuate a 1 for 1000 reverse stock split of its common stock on or prior to closing. Unless waived by the parties, the closing of the transactions contemplated in the Share Exchange Agreement is subject to certain normal and customary conditions. The parties are entitled to terminate this agreement in accordance with the terms of the Share Exchange Agreement including in the event of an uncured breach and if the closing of the share exchange has not occurred on or before July 31, 2024.
The foregoing description of the Share Exchange Agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated herein by reference.
July 5th filing-
https://www.otcmarkets.com/filing/html?id=17667979&guid=4lO-kanF-sRSJth
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July 5, 2024, Sally Kin Yi Lo resigned from her positions as the Chief Executive Officer, Chief Financial Officer, Secretary and Director of DH Enchantment, Inc. (the “Company”). Concurrently therewith, CHEUNG, Cheuk Yin was appointed to serve as the new Chief Executive Officer, Chief Financial Officer, Secretary and Director of the Company. The departure of Sally Kin Yi Lo from her position as Chief Executive Officer was for personal reasons and not due to any disagreement with the Company on any matter related to the Company’s operations, policies or practices. Sally Kin Yi Lo continues to hold: (i) 252,000,000 shares of Common Stock, par value $0.001, or approximately 30.31% of the issued and outstanding shares of Common Stock; (ii) 945,000 shares of Series A Preferred Stock, par value $0.001, constituting approximately 30.29% of the issued and outstanding shares of Series A Preferred Stock; and (iii) 35,000 shares of Series B Preferred Stock, par value $0.001, constituting 35% of the issued and outstanding shares of Series B Preferred Stock.
CHEUNG, Cheuk Yin, age 44, was appointed to serve as our Chief Executive Officer, Chief Financial Officer, Secretary and Director on July 5, 2024. Mr. Cheung is currently the founder of Buyippee, an ecommerce platform providing global shipping services for customers who wishes to shop across US, Europe, Asia and Australia with ease and comfort. Buyippee has established a network of self-operating and dedicated warehouses for users to ensure fast and efficient delivery services. Scheduled transportation from these warehouses back to Hong Kong with affordable shipping fees for overseas online shopping can be fulfilled with just a click of a button. From 2012 to 2020, Mr. Cheung served as the top management of TMT Ventures where he focused on early stage investment, fundraising, financial technology, debt capital and credit risk management, and supply chain finance. Mr. Cheung was the founder of Victoria Hub Capital where he has provided advise to early stage businesses since 2020. Since 2021, he served as the Vice Chairman of the HKGCC YEC where he aims to strengthen the fellowship and development of next generation business leaders. Mr. Cheung also held various senior management roles in fintech company, international supply chain groups overseeing businesses in the Greater China region covering operations, credit control and regional business expansions including Qupital, Euler Hermes Allianz and American Express. Mr. Wong received his Degree in the Studies of Business and Commerce from Macquire University and the Degree of Computer Science from Sydney Institute of Business and Technology, respectively. Mr. Cheung brings to our Board his deep experience in business and financial management and operations.
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.
DH Enchantment, Inc.
Date: July 5, 2024 By: /s/ CHEUNG, Cheuk Yin
CHEUNG, Cheuk Yin
Chief Executive Officer
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