secwatch.observer — SEC 8-K summary
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Issuer:     JRSIS HEALTH CARE Corp (JRSS)
CIK:        0001597892
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001013762-23-004674
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JRSIS to issue 76.8M shares for rights to 85.53% of Yongzhou JIT net income
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- Laidian (JRSIS sub) provides management services to Yongzhou JIT for 85.53% of its net income.
- JRSIS to issue 76,757,439 common shares to Jumi GCL (BVI) as consideration.
- Closing conditions: Yongzhou JIT US-GAAP audited fin'ls; board resignations of Huang & Chen; VIE compliance.
- Board changes: Zhifei Huang, Zhuowen Chen resign; Linhai Zhu appointed; Zhuowei Zhong becomes Secretary.
- Agreement terminates if closing not completed by December 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597892/000101376223004674/0001013762-23-004674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597892/000101376223004674/ea186922-8k_jrsishealth.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-004674

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