secwatch.observer — SEC 8-K summary
======================================

Issuer:     AiXin Life International, Inc. (AIXN)
CIK:        0000835662
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001493152-22-020283
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aixin Life to acquire Yunnan Runcansheng for RMB 45.1M; conditions include net worth threshold
--------------------------------------------------------------------------------

- Purchase price RMB 45,082,600 for 100% equity; deposit of RMB 5M paid, RMB 15M escrowed.
- Acquisition contingent on audited net worth of Yunnan Runcansheng >= 90% of RMB 1.7M as of Dec 31, 2021.
- Second payment of RMB 33M due within 5 days of equity registration; remaining RMB 7.08M after document transfer.
- Chen Yun, a seller, will enter 5-year consulting agreement for RMB 100K/year and options for 500K shares at $6.
- Sellers subject to non-compete in Yunnan/Sichuan until June 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835662/000149315222020283/0001493152-22-020283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835662/000149315222020283/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-020283

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