---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-049819"
form_type: "8-K"
ticker: "SVMB"
cik: "0001647822"
company_name: "Jingbo Technology, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:07:59.390006+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jingbo Technology completes acquisition of Xinghe, issues 550M shares; Hangdu becomes ~99% owner

## Summary
- Issued 550M common shares to Hangdu for all Xinghe shares; Hangdu now holds approximately 99.0% of Jingbo.
- Pre-acquisition debt of $22,032,891 owed to Shaoxing Keqiao extinguished post-closing.
- Acquired VIE structure controls Shaoxing Keqiao, specializing in intelligent parking in Zhejiang, China.
- Xinghe audited financials show zero revenue for FY 2024 and FY 2023; $22.3M assets largely due from related parties.

## SEC filing metadata
- accession: 0001493152-24-049819
- form_type: 8-K
- ticker: SVMB
- cik: 0001647822
- company_name: Jingbo Technology, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647822/000149315224049819/0001493152-24-049819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647822/000149315224049819/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-049819
- JSON: https://secwatch.observer/filing/0001493152-24-049819.json
- Plain text: https://secwatch.observer/filing/0001493152-24-049819.txt

## Key facts
- M&A Transactions
  Jingbo Technology, Inc. completed an acquisition involving Hangdu Technology Limited for 550,000,000 shares of Common Stock (closed 2024-12-09).
  - Action: acquisition
  - Counterparty: Hangdu Technology Limited
  - Consideration: 550,000,000 shares of Common Stock
  - Closing: 2024-12-09
  source text: and Hangdu Technology Limited, a British Virgin Islands company and the sole shareholder of Xinghe (“Hangdu”). Pursuant to the Share Exchange Agreement, the Company will issue 550,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”) of the Company to Hangdu, in consideration for the acquisition of all the issued and outstanding shares in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647822/000149315224049819/0001493152-24-049819-index.htm

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