---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-025531"
form_type: "8-K"
ticker: null
cik: "0001786511"
company_name: "Fresh2 Group Ltd"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:35:08.716058+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Fresh2 Group issues 16.1M shares to settle $758K in salary and debt via Regulation S

## Summary
- 14 Chinese employees converted $515,416 unpaid salary into 10,966,280 ordinary shares at $0.047/share.
- Creditor Shouli Zhang converted $243,292 debt into 5,176,420 ordinary shares at $0.047/share.
- Total of 16,142,700 Class A ordinary shares issued on March 19, 2024 under Regulation S exemption.
- Shares are restricted and unregistered; issued to non-U.S. persons outside the United States.

## SEC filing metadata
- accession: 0001213900-24-025531
- form_type: 8-K
- cik: 0001786511
- company_name: Fresh2 Group Ltd
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786511/000121390024025531/0001213900-24-025531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786511/000121390024025531/ea0202495-8k_fresh2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-025531
- JSON: https://secwatch.observer/filing/0001213900-24-025531.json
- Plain text: https://secwatch.observer/filing/0001213900-24-025531.txt

## Key facts
- Material Agreements
  Fresh2 Group Ltd entered into Debt Conversion Agreement with a creditor of the Company valued at US$243,291.9 (effective 2024-03-19).
  - Action: entry
  - Counterparty: a creditor of the Company
  - Value: US$243,291.9
  - Effective: 2024-03-19
  source text: On March 19, 2024, the Company entered into a debt conversion agreement (the “Debt Conversion Agreement”) with a creditor of the Company, whereby the creditor agreed to convert an outstanding debt of US$243,291.9 into 5,176,420 Ordinary Shares at a conversion price of 0.047 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786511/000121390024025531/0001213900-24-025531-index.htm
- Material Agreements
  Fresh2 Group Ltd entered into Salary Conversion Agreement with 14 Chinese employees of the Company or its affiliate valued at US$515,416.20 (effective 2024-03-13).
  - Action: entry
  - Counterparty: 14 Chinese employees of the Company or its affiliate
  - Value: US$515,416.20
  - Effective: 2024-03-13
  source text: From March 13 , 2024 to March 19, 2024, the Company entered into salary conversion agreements (each a “Salary Conversion Agreement”) with each of 14 Chinese employees of the Company or its affiliate, whereby each employee agreed to convert certain unpaid salary in the total amount of US$515,416.20 into 10,966,280 Class A ordinary shares of the Company (the “Ordinary Shares”) at a conversion price of 0.047 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786511/000121390024025531/0001213900-24-025531-index.htm

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