AIX Inc. Completes Class B Share Issuance

TL;DR

AIX Inc. just issued more Class B shares on Dec 30th. Watch for dilution.

AI Summary

On December 30, 2024, AIX Inc. completed the issuance of Class B ordinary shares through separate share subscription agreements with Highest Performances. The filing is a Report of Foreign Private Issuer for the month of January 2025.

Why It Matters

This issuance could impact the company's capital structure and shareholder equity, potentially affecting future financial performance and stock valuation.

Risk Assessment

Risk Level: medium — Share issuances can dilute existing shareholders' ownership and impact stock price, requiring careful monitoring of the terms and impact.

Key Players & Entities

• AIX Inc. (company) — Registrant and issuer of shares
• Highest Performances (company) — Subscriber of Class B ordinary shares
• December 30, 2024 (date) — Date of share subscription agreements

FAQ

Key Financial Figures

• $0.001 — ”), respectively, at a price of US$0.001 per Subscription Share, for a total con
• $510,000 — n Share, for a total consideration of US$510,000 and US$490,000, respectively. The gross
• $490,000 — total consideration of US$510,000 and US$490,000, respectively. The gross proceeds to th
• $1,000,000 — he Company from such transaction were US$1,000,000, which will be used for general working

Filing Documents

• ea0226569-6k_aixinc.htm (6-K) — 21KB
• ea022656901ex10-1_aixinc.htm (EX-10.1) — 31KB
• ea022656901ex10-2_aixinc.htm (EX-10.2) — 31KB
• 0001213900-25-000399.txt ( ) — 84KB

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 January 2025 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 Issuance of Class B Ordinary Shares On December 30, 2024, AIX Inc. (“AIX” or the “Company”) entered into share subscription agreements (the “Agreements”) separately with each of Highest Performances Holdings Inc. (“HPH”) and Infinew Limited (“Infinew”). Pursuant to the Agreements, the Company agreed to issue to HPH and Infinew 510,000,000 class B ordinary shares and 490,000,000 class B ordinary shares (the “Subscription Shares”, each “a Subscription Share”), respectively, at a price of US$0.001 per Subscription Share, for a total consideration of US$510,000 and US$490,000, respectively. The gross proceeds to the Company from such transaction were US$1,000,000, which will be used for general working capital purposes. With approval from the board of directors of the Company, the issuance of the Subscription Shares (“Issuance”) have been completed on January 2, 2025. Following the Issuance, HPH beneficially owns 591,600,788 Class A ordinary shares and 510,000,000 Class B ordinary shares of the Company, representing 51.67% of the total issued and outstanding ordinary shares of the Company, and 51.01% of the aggregate voting power of the Company while Infinew beneficially owns 100,000 Class A ordinary shares and 490,000,000 Class B ordinary shares of the Company, representing 22.99% of the total issued and outstanding ordinary shares of the Company and 48.45% of the aggregate voting power of the Company. The Class B Ordinary Shares are distinguished by the following rights and restrictions: Voting Right: Each holder of Class A Ordinary Shares is entitled to one vote for each Class A Ordinary Share he or she holds, while each holder of Class B Ordinary Shares is entitled to one hundred (100) votes for each Class B Ordinary Share he or she holds on any and all matters submitted for a vote. Conversion: Each Class B Ordinary Share is convertible into one Class A ordinary share, at the option of the holder, subject to approval by two-thirds of the Board of Directors. In no event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares under any circumstances. Class B Ordinary Shares shall be automatically and immediately converted into an equal number of Class A Ordinary Shares under the following circumstances: (i) if the holder is an employee, upon the termination of their employment with the Company; (ii) if the holder is a Director, upon their resignation or removal from the Board of Directors; and (iii) if the holder is a wholly-owned company (“Owned Company”) of a Director, Senior Management, or an existing shareholder, upon the individual ceasing to wholly own the Owned Company. Limitations on Economic Rights and Transferability: Each Class B Ordinary Share confers upon the holder: (a) no right to any share in any dividend or distribution paid by the Company and (b) no right to any share in the distribution of the surplus assets of the Company upon liquidation or otherwise, and no Class B Ordinary Share may be sold, transferred, assigned, pledged, or otherwise disposed of, or used as collateral for loans or any obligations. The Share Subscription Agreements are filed as Exhibit 10.1 and Exhibit 10.2 to this Current Report on Form 6-K. The foregoing is only a brief description of the material terms of the Share Subscription Agreements, and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits. 1 EXHIBIT INDEX Exhibit Number Description 10.1 Share Subscription Agreement made between AIX Inc. and Highest Performances Holdings Inc. 10.2 Share Subscription Agreement made between AIX Inc. and Infinew Limited 2 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: Yinan Hu Title: Chief Executive Officer Date: January 2, 2025 3

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View this 6-K filing on SEC EDGAR