---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027720"
form_type: "8-K"
ticker: "ECXJ"
cik: "0001823635"
company_name: "CXJ GROUP CO., Ltd"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:09:26.783705+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CXJ Group disposes 51% equity of Xishijie subsidiary for RMB 1

## Summary
- Subsidiary CXJ Technology sold 51% of Xishijie Automobile Industry Ecology Technology Co., Ltd. to Mr. Qing Wang.
- Purchase price was RMB 1 (approx. $0.14); subsidiary will be deconsolidated from CXJ Group.
- Equity transfer agreement signed and completed on August 1, 2023.
- Xishijie was formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd.

## SEC filing metadata
- accession: 0001493152-23-027720
- form_type: 8-K
- ticker: ECXJ
- cik: 0001823635
- company_name: CXJ GROUP CO., Ltd
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823635/000149315223027720/0001493152-23-027720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823635/000149315223027720/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027720
- JSON: https://secwatch.observer/filing/0001493152-23-027720.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027720.txt

## Key facts
- M&A Transactions
  CXJ GROUP CO., Ltd completed a disposition involving Mr. Qing Wang for RMB 1 yuan (closed 2023-08-01).
  - Action: disposition
  - Counterparty: Mr. Qing Wang
  - Consideration: RMB 1 yuan
  - Closing: 2023-08-01
  source text: 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered None None None Item 1.01 Entry into a Material Definitive Agreement. On August 1, 2023, CXJ Technology (Hangzhou) Co., Ltd, a Chinese corporation (“the Company”) and a subsidiary of CXJ Group Co., Limited and signed an equity transfer agreement (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823635/000149315223027720/0001493152-23-027720-index.htm
- Material Agreements
  CXJ GROUP CO., Ltd entered into Agreement with Mr. Qing Wang valued at purchase price of RMB 1 yuan (effective 2023-08-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Mr. Qing Wang
  - Value: purchase price of RMB 1 yuan
  - Effective: 2023-08-01
  source text: On August 1, 2023, CXJ Technology (Hangzhou) Co., Ltd, a Chinese corporation (“the Company”) and a subsidiary of CXJ Group Co., Limited and signed an equity transfer agreement (the “Agreement”) with Mr. Qing Wang.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823635/000149315223027720/0001493152-23-027720-index.htm

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