---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-000081"
form_type: "8-K"
ticker: null
cik: "0001591565"
company_name: "BALLY, CORP."
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:56:17.301204+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Bally Corp. changes control: 99.5% of shares sold; new CEO and director appointed.

## Summary
- Haiping Hu and GMB Wisdom sold 9,797,600 shares (99.5% of outstanding) to eight buyers for $293,928 cash.
- Haiping Hu resigned as CEO, CFO, secretary, and sole director; resignation effective after mailing of Schedule 14f-1.
- Shitong Li appointed CEO, CFO, secretary; Kaichen Zheng appointed sole director, effective upon resignation.
- New directors/officers currently receive no compensation; no family relationships or related-party transactions.

## SEC filing metadata
- accession: 0001640334-24-000081
- form_type: 8-K
- cik: 0001591565
- company_name: BALLY, CORP.
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/blyq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-000081
- JSON: https://secwatch.observer/filing/0001640334-24-000081.json
- Plain text: https://secwatch.observer/filing/0001640334-24-000081.txt

## Key facts
- Executive change
  Haiping Hu resigned as Chief Executive Officer, Chief Financial Officer, Secretary at BALLY, CORP..
  - Action: resigned
  - Role: Chief Executive Officer, Chief Financial Officer, Secretary
  source text: Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
- Executive change
  Shitong Li was appointed as Chief Executive Officer, Chief Financial Officer and Secretary at BALLY, CORP..
  - Action: appointed
  - Role: Chief Executive Officer, Chief Financial Officer and Secretary
  source text: Shitong Li was appointed by the Board of Directors of the Company (the “Board”) as Chief Executive Officer, Chief Financial Officer and Secretary of the Company, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
- Executive change
  Haiping Hu resigned as sole director at BALLY, CORP..
  - Action: resigned
  - Role: sole director
  source text: Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
- Executive change
  Kaichen Zheng was appointed as sole director at BALLY, CORP..
  - Action: appointed
  - Role: sole director
  source text: the Board has appointed Kaichen Zheng as the sole director to fill the vacancy created following and simultaneously as the effectiveness of Haiping Hu’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
- M&A Transactions
  BALLY, CORP. underwent a change of control involving Kaichen Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu for $293,928 in cash (closed 2024-01-12).
  - Action: change of control
  - Counterparty: Kaichen Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu
  - Consideration: $293,928 in cash
  - Closing: 2024-01-12
  source text: Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu (collectively, the “Buyers”) (the “Sale”). The Buyers paid a total consideration of $293,928 in cash from their personal funds. Following consummation of the Sale, the Buyers collectively own 99.5% of the Company’s outstanding voting securities, resulting in a change in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm

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