secwatch.observer — SEC 8-K summary
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Issuer:     JRSIS HEALTH CARE Corp (JRSS)
CIK:        0001597892
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001213900-22-031969
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 5.01, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JRSIS Health Care issues 39.13M shares (90% control) for EV charging subsidiary; spins off hospital
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- Entered Laidian Tech Agreement with Zhong Zhuowei to form EV charging subsidiary; Zhong commits up to 1.6B RMB over 3 years.
- Issued 39,130,000 shares to Zhong Zhuowei, giving him 90% ownership and effective change in control.
- Spun off 70% equity in Harbin Jiarun Hospital to Chairman Zhang Junsheng in exchange for 5,392,000 JRSIS shares.
- All prior directors and officers resigned; new board and officers appointed: Zhong (Chairman/President), Huang (CEO), Chen (CFO).
- Pro forma shows JRSIS Continuing Operations had zero revenue in 2021 and Q1 2022 after spin-off.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597892/000121390022031969/0001213900-22-031969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597892/000121390022031969/ea160933-8k_jrsishealth.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-031969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer