---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-016252"
form_type: "8-K"
ticker: "SVMB"
cik: "0001647822"
company_name: "Jingbo Technology, Inc."
filed_at: "2022-06-09T23:59:59+00:00"
generated_at: "2026-06-25T03:11:49.558328+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SavMobi Technology: 40.54% stake sold for $250,958; CEO and board replaced

## Summary
- Ma Hongyu, Ye Caiyun, Li Wenzhe sold 25,095,788 shares (40.54%) to five non-U.S. accredited investors for $250,958.
- Zhang Yiping acquired 24.54% of outstanding shares; Chen Xinxin acquired 6.46%.
- Ma Hongyu resigned as CEO, CFO, director, and all executive positions effective June 8, 2022.
- Chen Xinxin appointed as CEO, CFO, President, Secretary, Treasurer, and Chairman of Board.
- Chen Xinxin previously VP operations at Hangzhou Jizhong (smart parking solutions).

## SEC filing metadata
- accession: 0001493152-22-016252
- form_type: 8-K
- ticker: SVMB
- cik: 0001647822
- company_name: Jingbo Technology, Inc.
- filed_at: 2022-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/0001493152-22-016252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-016252
- JSON: https://secwatch.observer/filing/0001493152-22-016252.json
- Plain text: https://secwatch.observer/filing/0001493152-22-016252.txt

## Key facts
- Executive change
  Chen Xinxin was appointed as Chairman of the Board at Jingbo Technology, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Ms. Chen Xinxin has been appointed as a Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and Chairman of Board of Directors of the Company since June 8, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/0001493152-22-016252-index.htm
- Executive change
  Chen Xinxin was appointed as Chief Executive Officer at Jingbo Technology, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On June 8, 2022, Ms. Chen Xinxin was also appointed as Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/0001493152-22-016252-index.htm

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