AIX Inc. Completes Share Exchange with BGM Group Ltd.

TL;DR

AIX Inc. is doing a share exchange with BGM Group Ltd. (BGM) - details to follow.

AI Summary

AIX Inc. announced on November 27, 2024, that its wholly-owned subsidiary, CISG Holdings Ltd., entered into a transaction agreement with BGM Group Ltd. (Nasdaq: BGM) to complete a share exchange transaction. The filing does not specify the dollar amounts or the exact date of completion for this transaction.

Why It Matters

This transaction signifies a strategic move by AIX Inc. to integrate or acquire assets from BGM Group Ltd., potentially impacting its market position and future growth.

Risk Assessment

Risk Level: medium — The filing indicates a significant transaction with another company, but lacks specific financial details and completion dates, creating uncertainty.

Key Players & Entities

• AIX Inc. (company) — Filer and acquirer
• CISG Holdings Ltd. (company) — Wholly-owned subsidiary of AIX Inc.
• BGM Group Ltd. (company) — Counterparty in share exchange transaction
• Nasdaq: BGM (company) — Stock ticker for BGM Group Ltd.

FAQ

Key Financial Figures

• $140,000,000 — M at a consideration of approximately US$140,000,000 (the “Transaction”). The

Filing Documents

• ea0226265-6k_aixinc.htm (6-K) — 16KB
• 0001213900-24-113238.txt ( ) — 17KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED 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 December 2024 Commission File Number: 001-33768 AIX INC. 60/F, Pearl River Tower No.15 West Zhujiang Road Tianhe District, Guangzhou 510623 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 Completion of Share Exchange Transaction with BGM Group Ltd. On November 27, 2024 CISG Holdings Ltd., a wholly-owned subsidiary of AIX entered into a transaction agreement (the “Agreement”) with BGM Group Ltd. (Nasdaq: BGM) (“BGM”). Pursuant to the Agreement, CISG agreed to transfer to BGM its equity interests in RONS Intelligent Technology (Beijing) Co., Ltd. (“RONS Technology”), Shenzhen Xinbao Investment Management Co., Ltd. (“Xinbao Investment”) and Xinbao Investment’s subsidiaries, including RONS Insurance Sales & Service Co., Ltd., and Shenzhen Baowang E-commerce Co., Ltd., in exchange for 69,995,661 Class A ordinary shares of BGM at a consideration of approximately US$140,000,000 (the “Transaction”). The Transaction has been completed on December 27, 2024, following which AIX, through CISG, beneficially owns 69,995,661 Class A ordinary shares of BGM, representing 72% of the total issued and outstanding ordinary shares, and 3.4% of the aggregate voting power, of BGM. Upon completion of the Transaction, BGM will take full control of the above-mentioned intelligent insurance platform and leverage its extensive resources in the global healthcare sector to accelerate the platform’s development and innovation. As part of the Transaction, Mr. Jun Li will continue to assume the role of General Manager at RONS Technology and has ceased to serve as chief digital officer of AIX. The Agreement has been filed by AIX with the SEC as Exhibit 99.1 to Form 6-K on November 29, 2024. 1 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. AIX Inc. By: /s/ Yinan Hu Name: Title: Yinan Hu Chief Executive Officer Date: December 30, 2024 2

View Full Filing

View this 6-K filing on SEC EDGAR