MLGT 8k showing merger filing with Shenzhen Chuangxiang Network Technology Co., Ltd coming soon.
Item 5.01. Changes in Control of Registrant
On March 31, 2017, Mr. Sudeck entered into a Securities Purchase Agreement (the “SPA”) with certain purchasers listed in the Exhibit A of the SPA (the “Purchasers”) pursuant to which the Purchasers acquired 180,000,000 shares of Common Stock from Mr. Sudeck for an aggregate purchase price of $325,000. The transaction contemplated in the SPA closed on the same day (the “Closing”).
The Shares represent approximately 87.17% of issued and outstanding Common Stock of the Company. The transaction has resulted in a change in control of the Company.
In connection with the change in control, Mr. Sudeck, the President, Chief Executive Officer, Chief Financial Officer, Secretary and the sole member of the board of directors of the Company (the “Board”), resigned from all his positions with the Company.
Simultaneously with the Closing, Mr. Huibin Su was appointed as the Company’s Chief Executive Officer, Chief Financial Officer and a director of the Board, Mr. Jiyin Li was appointed as the Chairman of the Board, and Zizhong Huang was appointed as the Company’s Chief Operating Officer, all effective immediately.
Mr. Li, age 30, has served as the Chairman of Shenzhen Chuangxiang Network Technology Co., Ltd, a company that engages in the development of mobile and internet software products. From August 2015 to June 2016, he was also the CEO of Shenzhen Chuangxiang Network Technology Co. Ltd. From October 2012 to June 2015, he served as the Deputy General Manager of Shenzhen E-Life Technology Co., Ltd., a technology company that develops mobile applications and online games. Mr. Li obtained his Bachelor of Art in business management from Huanghe Science &Technology College.
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