---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018575"
form_type: "8-K"
ticker: null
cik: "0001672572"
company_name: "Landbay Inc"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:51:58.416795+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Change in control: Chunyang Liu acquires 97.9% of Landbay Inc Class A common stock; new management appointed

## Summary
- Purchaser Chunyang Liu acquired 29,383,700 shares (97.9% of outstanding Class A common stock) from Northern Ifurniture Inc.
- All previous directors and officers resigned; new board and officers appointed effective April 23/May 4, 2024.
- New CEO/Chairman: Chunyang Liu; CFO: Lidong Wang; Secretary: Wenfang Lu.
- New directors are Liu, Wang, and Lu; backgrounds in logistics, e-commerce, and AI livestream.
- No compensatory arrangements or employee benefit plans currently in place.

## SEC filing metadata
- accession: 0001493152-24-018575
- form_type: 8-K
- cik: 0001672572
- company_name: Landbay Inc
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018575
- JSON: https://secwatch.observer/filing/0001493152-24-018575.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018575.txt

## Key facts
- Executive change
  Wenfang Lu was appointed as Secretary at Landbay Inc.
  - Action: appointed
  - Role: Secretary
  source text: Mr. Lu as Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Wenfang Lu was appointed as Director at Landbay Inc.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Chunyang Liu, Lidong Wang and Wenfang Lu to fill vacancies on the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Chunyang Liu was appointed as Director at Landbay Inc.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Chunyang Liu, Lidong Wang and Wenfang Lu to fill vacancies on the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Chunyang Liu was appointed as President and Chief Executive Officer at Landbay Inc.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Board appointed Mr. Liu as President/CEO
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Xiaowei Jin resigned as Director at Landbay Inc.
  - Action: resigned
  - Role: Director
  source text: the Board appointed Chunyang Liu, Lidong Wang and Wenfang Lu to fill vacancies on the Company’s Board of Directors caused by the resignation of Ms. Xiaowei Jin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Lidong Wang was appointed as Chief Financial Officer at Landbay Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Mr. Wang as CFO
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- Executive change
  Lidong Wang was appointed as Director at Landbay Inc.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Chunyang Liu, Lidong Wang and Wenfang Lu to fill vacancies on the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm
- M&A Transactions
  Landbay Inc underwent a change of control involving Chunyang Liu (Purchaser) and Northern Ifurniture Inc (Seller) (closed 2024-04-23).
  - Action: change of control
  - Counterparty: Chunyang Liu (Purchaser) and Northern Ifurniture Inc (Seller)
  - Closing: 2024-04-23
  source text: As the Company reported on Schedule 14F-1 filed with the Securities and Exchange Commission (“SEC”) on April 23, 2024 (the “Closing Date”), and effective on May 4, 2024 (the “Effective Date”), Northern Ifurniture Inc (the “Seller”) and Chunyang Liu (the “Purchaser”) entered into a Stock Purchase Agreement (the “SPA”) dated March 25, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 29,383,700 shares of Class A Common Stock of the Company held in the name of the Seller (the “Purchased Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224018575/0001493152-24-018575-index.htm

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