Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 05 2025 - 3:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE
ACT OF 1934
For the month of February
2025
Commission File Number: 001-40543
Pop Culture Group Co.,
Ltd
Room 1207-08, No. 2488
Huandao East Road
Huli District, Xiamen
City, Fujian Province
The People’s Republic of China
(Address of principal
executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
Entry into Acquisition Agreement in Respect
of Xiamen Hand in Hand Network Technology Co., Ltd
On January 1, 2025, Pop Culture
Group Co., Ltd, a Cayman Islands company (the “Company”), entered into that certain Agreement for the Acquisition of Equity
through the Issuance of Shares (the “Acquisition Agreement”) with Ling Yang, a current shareholder of Xiamen Hand in Hand
Network Technology Co., Ltd, a limited liability company incorporated in China (the “Target Company”), with respect to the
Target Company.
Pursuant to the Acquisition
Agreement, Guangzhou Shuzhi Culture Communication Co., Ltd., a private company incorporated under the laws of the People’s Republic
of China, wholly owned by the Company’s variable interest entity (“Guangzhou Shuzhi”), agreed to acquire 99% of the
equity interests in the Target Company (the “Target Equity”) from Ling Yang, with the remaining 1% of the equity interests
retained by one current shareholder of the Target Company. In consideration of the sale of the Target Equity, the Company agreed to issue
to Ling Yang 2,000,000 Class A ordinary shares, par value US$0.01 per share, of the Company with an aggregate value of $2,000,000. As
of the date hereof, these shares have not yet been issued. Ling Yang agreed to transfer the Target Equity to Guangzhou Shuzhi within 10
business days after the board of directors of the Company approves the Acquisition Agreement and the transactions contemplated thereby.
The Acquisition Agreement contains other customary obligations and rights of the parties.
The foregoing description
of the Acquisition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Acquisition
Agreement, which is filed as Exhibit 10.1 to this Form 6-K.
The Acquisition Agreement
and the transactions contemplated thereby were approved and authorized by the board of directors of the Company on January 22, 2025.
This Form 6-K is hereby incorporated
by reference into the registration statement on Form F-3 of the Company (File Number 333-266130), as amended, and the registration statement
on Form F-3 of the Company (File Number 333-283606) and into the base prospectus and the prospectus supplement outstanding under the
foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company
under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Exhibit Index
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Pop Culture Group Co., Ltd |
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Date: February 5, 2025 |
By: |
/s/ Zhuoqin Huang |
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Name: |
Zhuoqin Huang |
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Title: |
Chief Executive Officer |
2
Exhibit 10.1
Pop Culture (NASDAQ:CPOP)
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