secwatch.observer — SEC 8-K summary
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Issuer:     Jingbo Technology, Inc. (SVMB)
CIK:        0001647822
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001493152-22-016252
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/0001493152-22-016252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647822/000149315222016252/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-016252

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