secwatch.observer — SEC 8-K summary
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Issuer:     Tianci International, Inc. (CIIT)
CIK:        0001557798
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001683168-23-000374
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.03, 3.02, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tianci International sells 80k Series A Preferred to RQS Capital; control change and CEO appointment
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- Authorized capital amended to 120.08M shares: 100M common, 80k Series A Preferred (convertible 100:1), 20M undesignated preferred.
- Sold 80k Series A Preferred shares to RQS Capital for $24k cash; shares carry 76.55% voting power, resulting in change of control.
- Shufang Gao (RQS Capital Chairman) replaced Zhigang Pei as CEO; Pei remains CFO and board member.
- Ying Deng appointed to board and as Vice President; she has 15+ years corporate finance experience.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1557798/000168316823000374/0001683168-23-000374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1557798/000168316823000374/tianci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-000374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer