JIADE Ltd. Acquires Two Safety Tech Companies

Ticker: JDZG · Form: 6-K · Filed: Dec 27, 2024 · CIK: 1976908

Sentiment: neutral

Topics: acquisition, subsidiary, expansion

TL;DR

JIADE Ltd. is buying two safety tech firms, expanding its biz.

AI Summary

On December 24, 2024, JIADE Ltd. announced its subsidiary, Sichuan Jiade Zhigao Technology Co., Ltd., entered into equity transfer agreements to acquire Sichuan Kunyuan Safety Technology Services Co., Ltd. and Sichuan Jiazhi Taizhang Safety Technology Co., Ltd. The filing does not disclose the financial terms of these acquisitions.

Why It Matters

This move indicates JIADE Ltd.'s strategic expansion into the safety technology services sector, potentially broadening its service offerings and market reach.

Risk Assessment

Risk Level: medium — The lack of disclosed financial terms for the acquisitions introduces uncertainty regarding the deal's valuation and potential impact on JIADE Ltd.'s financial health.

Key Players & Entities

FAQ

What is the primary purpose of this 6-K filing?

The primary purpose is to report on the entry into equity transfer agreements by JIADE Ltd.'s subsidiary for the acquisition of two safety technology companies.

Which subsidiary of JIADE Ltd. is involved in these acquisitions?

Sichuan Jiade Zhigao Technology Co., Ltd., a limited liability company organized under the laws of the PRC, is the subsidiary involved.

What are the names of the companies being acquired?

The companies being acquired are Sichuan Kunyuan Safety Technology Services Co., Ltd. and Sichuan Jiazhi Taizhang Safety Technology Co., Ltd.

On what date were the equity transfer agreements entered into?

The equity transfer agreements were entered into on December 24, 2024.

Does the filing disclose the financial terms of the acquisitions?

No, the provided text of the filing does not disclose the financial terms of the acquisitions.

Filing Stats: 582 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-12-27 08:00:12

Key Financial Figures

Filing Documents

From the Filing

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 December 2024 Commission File Number: 001-42098 JIADE LIMITED Unit 2-02, Puningdun Business Plaza, No. 1702 and 1706 Minjiang Road Jinjiang District, Chengdu City, Sichuan Province The People’s Republic of China, 610000 (Address of principal executive office) 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 Equity Transfer Agreements Regarding the Acquisitions of Sichuan Kunyuan Safety Technology Services Co., Ltd. and Sichuan Jiazhi Taizhang Safety Technology Co., Ltd. On December 24, 2024, Sichuan Jiade Zhigao Technology Co., Ltd., a limited liability company organized under the laws of the PRC (“ Jiade Zhigao ”), which is a PRC subsidiary of JIADE LIMITED, a Cayman Islands company (the “ Company ”), entered into an equity transfer agreement (the “ Kunyuan Agreement ”) with Chengdu Meirusi Technology Co., Ltd. (“ Meirusi ”), which is a PRC limited liability company holding 75% of the equity interests in Sichuan Kunyuan Safety Technology Services Co., Ltd. (“ Kunyuan ”). Pursuant to the Kunyuan Agreement, Jiade Zhigao agreed to acquire 75% of the equity interests in Kunyuan from Meirusi (the “ First Acquisition ”). In consideration for the First Acquisition, Jiade Zhigao agreed to pay RMB9,000,000 (approximately $1,234,000) to Meirusi, covenants, closing conditions, and other obligations and rights of the parties. On December 24, 2024, Jiade Zhigao also entered into an equity transfer agreement (the “ Jiazhi Agreement ”) with Meirusi, the sole shareholder of Sichuan Jiazhi Taizhang Safety Technology Co., Ltd. (“ Jiazhi ”). Pursuant to the Jiazhi Agreement, Jiade Zhigao agreed to acquire 100% of the equity interests in Jiazhi from Meirusi (the “ Second Acquisition ”). In consideration for the Second Acquisition, Jiade Zhigao agreed to pay RMB23,000,000 (approximately $3,153,000) to Meirusi, subject to the satisfaction by Meirusi and Jiazhi of their obligations under the Jiazhi Agreement. The Jiazhi Agreement contains customary covenants, closing conditions, and other obligations and rights of the parties. The foregoing description of the Kunyuan Agreement and the Jiazhi Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Kunyuan Agreement and the Jiazhi Agreement, which are filed as Exhibit 10.1 and Exhibit 10.2 to this Form 6-K, respectively. The Kunyuan and Jiazhi Agreements and the transactions contemplated thereby were approved and authorized by the board of directors of the Company on December 23, 2024. EXHIBIT INDEX Number Description of Exhibit 10.1 Equity Transfer Agreement dated December 24, 2024, by and between Sichuan Jiade Zhigao Technology Co., Ltd. and Chengdu Meirusi Technology Co., Ltd., related to the acquisition of Sichuan Kunyuan Safety Technology Services Co., Ltd. 10.2 Equity Transfer Agreement dated December 24, 2024, by and between Sichuan Jiade Zhigao Technology Co., Ltd. and Chengdu Meirusi Technology Co., Ltd., related to the acquisition of Sichuan Jiazhi Taizhang Safety Technology Co., Ltd. 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. JIADE LIMITED Date: December 27, 2024 By: /s/ Yuan Li Name: Yuan Li Title: Chief Executive Officer 3

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