Tuesday, July 12, 2022 9:35:38 AM
at .0025
On or about May 31, 2022, Dr. Foods, Inc. sold 307,692,308 shares of restricted Common Stock to SJ Capital Co., Ltd., a Japanese Company, at a price of $0.0025 USD per share of Common Stock.
The aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The sale of shares was made only to non-U.S. persons/entities (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.
The aggregate amount of Stock held by SJ Capital Co., Ltd., a Japan Company, as of July 7, 2022, is 307,692,308 shares of Common Stock, which is approximately 11.73% of the class of Common Stock, and 2.43% voting control of Dr. Foods, Inc.
Takeshi Sugisawa, the Chief Executive Officer of SJ Capital Co., Ltd., authorized the aforementioned purchase of shares from Dr. Foods, Inc.
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