secwatch.observer — SEC 8-K summary
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Issuer:     SHARING ECONOMY INTERNATIONAL INC. (SEII)
CIK:        0000819926
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0001213900-22-017675
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEII subsidiary signs JV framework for metaverse platform; to hold 60% stake
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- 3D Discovery Co., wholly-owned SEII subsidiary, signed Strategic Framework Agreement on April 1, 2022 with Suzhou Su Xin Rui Shi Technology.
- JV will be 60% owned by SEII's unit and 40% by SXRS Tech; formal Joint Venture Cooperation Agreement due within 45 days.
- JV to develop metaverse platform leveraging SXRS Tech's naked-eye 3D display and real-time rendering technology.
- Binding exclusivity and confidentiality obligations apply during 45-day due diligence period.
- Non-binding except for exclusivity, confidentiality, and governing law provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819926/000121390022017675/0001213900-22-017675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819926/000121390022017675/ea157936-8k_sharing.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-017675

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