---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003126"
form_type: "8-K"
ticker: null
cik: "0001552979"
company_name: "China De Xiao Quan Care Group Co., Ltd"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:19:39.480235+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Change in control: majority holder sells 500k Convertible Preferred shares for $285k; new CEO appointed

## Summary
- Chongyi Yang sold 500,000 Convertible Series A Preferred shares (100% of class) to three buyers for $285,000 on March 15, 2023.
- Chunsheng Qin acquired 475,000 shares (95% of class) and was appointed President, CEO, Treasurer, Secretary, and Director effective March 31, 2023.
- Yang resigned as sole officer/director on March 31, 2023, not due to any disagreement with the company.
- New CEO Qin has experience in elderly care industry and leads China Dexiaoquan Health Care Group.

## SEC filing metadata
- accession: 0001683168-23-003126
- form_type: 8-K
- cik: 0001552979
- company_name: China De Xiao Quan Care Group Co., Ltd
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/0001683168-23-003126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/cdxq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003126
- JSON: https://secwatch.observer/filing/0001683168-23-003126.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003126.txt

## Key facts
- Executive change
  Chunsheng Qin was appointed as President, CEO, Treasurer, Secretary and Director at China De Xiao Quan Care Group Co., Ltd.
  - Action: appointed
  - Role: President, CEO, Treasurer, Secretary and Director
  source text: Simultaneously the following Officers and Directors were elected: Chunsheng Qin as President, CEO, Treasurer, Secretary and Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/0001683168-23-003126-index.htm
- Executive change
  Chongyi Yang resigned as Officer and Director at China De Xiao Quan Care Group Co., Ltd.
  - Action: resigned
  - Role: Officer and Director
  source text: Effective March 31, 2023, the Company accepted the resignation of Chongyi Yang as the sole Officer of the Company and as the sole member of the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/0001683168-23-003126-index.htm
- M&A Transactions
  China De Xiao Quan Care Group Co., Ltd underwent a change of control involving Chunsheng Qin, Yangtenglie Quin and Fugui Xie collectively known as the Buyers for $285,000 (closed 2023-03-15).
  - Action: change of control
  - Counterparty: Chunsheng Qin, Yangtenglie Quin and Fugui Xie collectively known as the Buyers
  - Consideration: $285,000
  - Closing: 2023-03-15
  source text: On March 15, 2023, the registrant’s majority shareholder, Chongyi Yang (the “Seller”), entered into a Stock Purchase Agreement (the “Agreement”) with Chunsheng Qin, Yangtenglie Quin and Fugui Xie collectively known as (the “Buyers”). As per the terms of the Agreement, the Seller sold his control block of stock, 500,000 shares of Convertible Series A Preferred Stock to the Buyers for the purchase price of $285,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/0001683168-23-003126-index.htm
- Material Agreements
  China De Xiao Quan Care Group Co., Ltd entered into Stock Purchase Agreement with Chunsheng Qin, Yangtenglie Quin and Fugui Xie valued at $285,000 (effective 2023-03-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Chunsheng Qin, Yangtenglie Quin and Fugui Xie
  - Value: $285,000
  - Effective: 2023-03-15
  source text: On March 15, 2023, the registrant’s majority shareholder, Chongyi Yang (the “Seller”), entered into a Stock Purchase Agreement (the “Agreement”) with Chunsheng Qin, Yangtenglie Quin and Fugui Xie collectively known as (the “Buyers”). As per the terms of the Agreement, the Seller sold his control block of stock, 500,000 shares of Convertible Series A Preferred Stock to the Buyers for the purchase price of $285,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552979/000168316823003126/0001683168-23-003126-index.htm

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