XT Energy Group Inc. (fka XTEG)

[Renee]

XTEG registration revoked:

https://www.sec.gov/litigation/admin/2022/34-94306.pdf

[Renee]

XTEG: SEC Admin. Proceeding for severely delinquent Financials: (no SEC Suspension)

https://www.sec.gov/litigation/admin/2022/34-94084.pdf

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Well, looking like the “End Of The Line” for $XTEG Securities about to be Restricted..!!

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Cricket

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Soomeone bring it up. Someone will bring it back down!

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((Send More Shares))

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Open—The—Gates!!

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On June 29, 2020, XT Energy Group, Inc. through its variable interest entity, Xianning Xiangtian, entered into two equity transfer agreements with two individuals to sell one hundred percent of the equity held by Xianning Xiangtian in its subsidiary Jingshan Sanhe Xiangtian New Energy Technology Co., Ltd. (“Jingshan Sanhe”) to two separate individuals for an aggregate purchase price of Thirty Million Yuan (RMB).

Pursuant to the terms of the first equity transfer agreement, Xianning Xiangtian agreed to sell Sixty Percent (60%) of its equity interests in Jingshan Sanhe to Wang Xue for a purchase price of Eighteen Million Yuan (RMB), payable as follows: Nine Million Yuan (RMB) payable within Sixty (60) days after the execution of the equity transfer agreement, and Nine Million Yuan (RMB) payable within three months of the equity interests being transferred to the buyer. Pursuant to the terms of the second equity transfer agreement, Xianning Xiangtian agreed to sell Forty Percent (40%) of its equity interests in Jingshan Sanhe to Feng Chao for an aggregate purchase price of Twelve Million Yuan (RMB), payable as follows: Six Million Yuan (RMB) payable within Sixty (60) days after the execution of the equity transfer agreement, and Six Million Yuan (RMB) payable within three months of equity interests being transferred to the buyer.

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On June 28, 2020, XT Energy Group, Inc. through its variable interest entity, Xianning Xiangtian Energy Holding Group Co., Ltd. (“Xianning Xiangtian”), entered into two equity transfer agreements with two individuals to sell one hundred percent of the equity held by Xianning Xiangtian in its subsidiary Hubei Jinli Hydraulic Co., Ltd. (“Hubei Jinli”) to two separate individuals for an aggregate purchase price of One Hundred Fifty Million Yuan (RMB).

Pursuant to the terms of the first equity transfer agreement, Xianning Xiangtian agreed to sell Sixty Percent (60%) of its equity interests in Hubei Jinli to Zhang Xubin for a purchase price of Ninety Million Yuan (RMB), payable as follows: Twenty Seven Million Yuan (RMB) payable within Thirty (30) days after the execution of the equity transfer agreement, Twenty Seven Million Yuan (RMB) payable upon equity interests being transferred to the buyer, and Thirty Six Million Yuan (RMB) within three months after the execution of the equity transfer agreement. Pursuant to the terms of the second equity transfer agreement, Xianning Xiangtian agreed to sell Forty Percent (40%) of its equity interests in Hubei Jinli to Zheng Jian for an aggregate purchase price of Sixty Million Yuan (RMB), payable as follows: Eighteen Million Yuan (RMB) payable within Thirty (30) days after the execution of the equity transfer agreement, Eighteen Million Yuan (RMB) payable within Sixty (60) days of the equity interests being transferred to the buyer, and Twenty Four Million Yuan (RMB)within three months after the execution of the equity transfer agreement.

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Market Cap: 7,965,630
09/16/2020

Authorized Shares: 1,000,000,000
09/01/2020

Outstanding Shares: 531,042,000
09/01/2020

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Pink Current

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no bees no honey.. no work no money!

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Share Structure for $XTEG ((7/1/20))

Market Cap-
39,828,150
07/01/2020

Authorized Shares-
1,000,000,000
07/01/2020

Outstanding Shares-
531,042,000
07/01/2020

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filings soon..