Zhanling International Ltd (ZLME): M&A transaction — NingNing Xu acquires 72.51% voting control of Zhanling International, appointed CEO and Chairman

Zhanling International Ltd

Three private stock purchases totaling 53,080 shares transferred to NingNing Xu on April 10, 2023.
Xu paid $53,080 from personal funds, becoming the controlling shareholder with 72.51% voting rights.
Liang Zhao resigned as CEO, CFO, President, and Chairman; Xiangchen Li resigned as CMO.
NingNing Xu appointed as President, CEO, CFO, and Chairman of the Board, effective April 10, 2023.
Stock purchase agreement discloses the company is not current in its SEC filing requirements.

item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Liang Zhao

Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors

ZLME · Zhanling International Ltd

Effective: 2023-04-10
Successor: NingNing Xu
Filed: April 11, 2023, 7:59 PM ET

Liang Zhao, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors.

Appointed

NingNing Xu

Chief Executive Officer, President, and Chairman of the Board of Directors

ZLME · Zhanling International Ltd

Effective: 2023-04-10
Filed: April 11, 2023, 7:59 PM ET

At the effective date of the transfer, NingNing Xu consented to act as the new Chief Executive Officer, President, and Chairman of the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Liang Zhao resigned as Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors at Zhanling International Ltd.

Action: resigned
Role: Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors

Exact text from the filing

Liang Zhao, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, and Chairman of the Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

NingNing Xu was appointed as Chief Executive Officer, President, and Chairman of the Board of Directors at Zhanling International Ltd.

Action: appointed
Role: Chief Executive Officer, President, and Chairman of the Board of Directors

Exact text from the filing

At the effective date of the transfer, NingNing Xu consented to act as the new Chief Executive Officer, President, and Chairman of the Board of Directors of the Company.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Zhanling International Ltd underwent a change of control involving NingNing Xu for $53,080 (closed 2023-04-10).

Action: change of control
Counterparty: NingNing Xu
Consideration: $53,080
Closing: 2023-04-10

Exact text from the filing

72.51% of the voting rights of the issued and outstanding share capital of the Company and became the controlling shareholder. The consideration paid for the Shares was $53,080. The source of the cash consideration for the Shares was personal funds of the Purchaser. Other than as described below, there are no arrangements or understandings among both

View on SEC.gov

23 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Zhanling International Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-011817

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