---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-086167"
form_type: "8-K"
ticker: "GDC"
cik: "0001641398"
company_name: "GD Culture Group Ltd"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:14:32.757719+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GD Culture Group amends JV equity purchase: shares reduced to 400k for 13.33% stake

## Summary
- Amended agreement reduces GDC shares to 400,000 (from 600,000) at $2.7820 per share for 13.3333% JV interest.
- Closing within 30 days of Nov 10, 2023; extendable by 30 days with all parties' written consent.
- GDC or buyer (Shanghai Highlight) may terminate with 3 days' written notice.
- Transaction structured as share issuance by GDC; no operational or financial details of JV disclosed.

## SEC filing metadata
- accession: 0001213900-23-086167
- form_type: 8-K
- ticker: GDC
- cik: 0001641398
- company_name: GD Culture Group Ltd
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641398/000121390023086167/0001213900-23-086167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641398/000121390023086167/ea188258-8k_gdculture.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-086167
- JSON: https://secwatch.observer/filing/0001213900-23-086167.json
- Plain text: https://secwatch.observer/filing/0001213900-23-086167.txt

## Key facts
- Material Agreements
  GD Culture Group Ltd amended Amended and Restated Agreement with Entertainment Co., Ltd. ("Shanghai Highlight"), Beijing Hehe Property Management Co., Ltd. ("Beijing Hehe") valued at 400,000 shares of common stock of the Company, valued at the Per Share Price (effective 2023-11-10).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Entertainment Co., Ltd. ("Shanghai Highlight"), Beijing Hehe Property Management Co., Ltd. ("Beijing Hehe")
  - Value: 400,000 shares of common stock of the Company, valued at the Per Share Price
  - Effective: 2023-11-10
  source text: On November 10, 2023, the Company entered into an amended and restated equity purchase agreement (the “Amended and Restated Agreement”) that amended and replaced the Original Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023086167/0001213900-23-086167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.