Jade Art Group Inc (JADA)

[sahd3g]

Jade Art Group, Inc.
1028 Highland Lakes Terrace
Birmingham, AL 35242
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[phone]
[e-mail]
Notice of Change in Company Status and Other Material Events:
1. The Company was previously a Shell Company
2. The Company is no longer a shell company.
3. The effective date of the change in Shell Company status – February 28, 2023.
4. The reason(s) the Company believes it is no longer a Shell Company under the SEC’s
definition.
On February 28, 2023, the Company entered into a management agreement (the “Agreement”)
with Floworks, LLC, a Colorado limited liability company (“Floworks”) whereby the Company
assumed the responsibility of (i) managing certain aspects of Floworks’ operations and licenses;
and (ii) supervising Floworks day-to-day operations including, but not limited to, purchasing
materials and inventory, overseeing production, and managing human resources. As
compensation for these services, the Company is entitled to all profits generated by Floworks.
The Company has also assumed the obligation to pay all overhead and operating expenses
associated with Flowork's operations..