Yubo International Biotech Ltd. (YBGJ)

[splintered sunlight]

If I am reading this right, this puts a lid on YBGJ at 50 cents - if I am right this really sucks!!!!!!!!!!

Is the company offering 5M shares and selling shareholders over 12M of which he company is not going to see a penny?


We are offering, on a “best efforts” basis, up to an aggregate of 5,000,000 shares of our Class A common stock, par value 0.001 per share , at a fixed price of $0.50 per share. Our shares of Class A common stock are quoted on the OTC Marketplace under the symbol “YBGJ”. On July 9, 2021, the closing price of our Class A common stock on the OTC Marketplace was $0.65 per share.

Additionally, the selling stockho lders are offering an additional 12,251,100 shares of Class A common stock, par value 0.001 per share, at a fixed price of $0.50 per share . The selling stockholders include: (i) Focus Draw Group Limited (“Focus”), which is selling up to 4,728,000 shares of our Class A common stock held by Focus (the “Focus Shares”), (ii) Dragoncloud Technology Limited (“Dragoncloud”), which is selling up to 5,768,100 shares of our Class A common stock held by Dragoncloud (the “Dragoncloud Shares”), and (iii) Cheung Ho Shun (“Cheung”), who is selling up to 1,755,000 shares of our Class A common stock held by Cheung (the “Cheung Shares”). The Focus Shares, the Dragoncloud Shares and the Cheung Shares are referred to collectively as the “Resale Securities”