Current Report Filing (8-k)
April 02 2021 - 5:15AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: April 2, 2021
ORGANIC
AGRICULTURAL COMPANY LIMITED
(Exact name of registrant as specified in its
charter)
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Nevada
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0-56168
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82-5442097
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(State of other jurisdiction of
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(Commission File No.)
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(IRS Employer
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incorporation or organization
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Identification No.)
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6th Floor A, Chuangxin Yilu, No. 2305,
Technology Chuangxincheng,
Gaoxin Jishu Chanye Technology Development District,
Harbin City. Heilongjiang Province, China 150090
(Address of principal executive offices) (Zip
Code)
86 (0451) 5862-8171
(Registrant’s telephone number including
area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 3.02
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Unregistered Sale of Equity Securities
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On April 2, 2021 the Registrant entered into an
agreement with Jilin Jiufu Zhenyuan Technology Development Co., Ltd. (“Jilin Jiufu”) that provides for the sale by the Registrant
to Jilin Jiufu of 4,119,500 shares of the Registrant’s common stock. The agreement provides that, prior to April 10, 2021, Jilin Jiufu
will pay for the shares by depositing 6,000,000 Renminbi (US$ 920,000) to the account of Heilongjiang Tianci Liangtian Agricultural Technology
Development Co., Ltd., a wholly-owned subsidiary of the Registrant. The Registrant covenants in the agreement that it will use the purchase
price solely for its ordinary operating expenses. The Registrant also covenants that within ten days after Jilin Jiufu deposits the purchase
price, the Registrant’s board of directors will increase the number of directors by one and appoint a nominee specified by Jilin Jiufu
to fill the vacancy.
SIGNATURES
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 hereunto duly authorized.
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ORGANIC AGRICULTURAL COMPANY LIMITED
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Dated: April 2, 2021
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By:
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/s/ Xun Jianjun
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Xun Jianjun
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Chief Executive Officer
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2
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