Sharing Economy International Inc (SEII)

[mammonism]

Take out the old and bring in the new..... Item 1.01 Entry into a Material Definitive Agreement
Sharing Economy International Inc (the “Company”) And Fung Wai Chi (“Selling Shareholder”) Entered into a Stock Redemption Agreement, whereby the Company shall redeem the redemption shares of common stock from the Selling Shareholder, leaving the Selling Shareholder with no shares of Series A Preferred Stock of the Company held, in exchange for the 6800 ordinary shares of Jebe Production Group Limited that the Company held. The foregoing description of the Share Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is incorporated herein by reference and attached hereto as exhibit 10.1.