Lixiang Education Enters Share Subscription Agreements
Ticker: LXEH · Form: 6-K · Filed: Nov 29, 2024 · CIK: 1814067
Sentiment: neutral
Topics: share-subscription, private-issuer, agreement
TL;DR
Lixiang Education signs share subscription deals with multiple individuals on Nov 28.
AI Summary
On November 28, 2024, Lixiang Education Holding Co., Ltd. entered into share subscription agreements with several individuals, including JONG TCHUN JIN, CHONG JUINN HUI, KON CHEE THONG, ONG SIN LEONG, MAH KEN TOH, VUN SIONG WEE, and LAW KOK LEONG. The filing is a Report of Foreign Private Issuer for the month of November 2024.
Why It Matters
This filing indicates potential new investment or ownership changes within Lixiang Education Holding Co., Ltd., which could impact its future strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — Share subscription agreements can signal changes in ownership or capital structure, which may introduce uncertainty or new strategic directions for the company.
Key Players & Entities
- Lixiang Education Holding Co., Ltd. (company) — Registrant
- JONG TCHUN JIN (person) — Party to share subscription agreement
- CHONG JUINN HUI (person) — Party to share subscription agreement
- KON CHEE THONG (person) — Party to share subscription agreement
- ONG SIN LEONG (person) — Party to share subscription agreement
- MAH KEN TOH (person) — Party to share subscription agreement
- VUN SIONG WEE (person) — Party to share subscription agreement
- LAW KOK LEONG (person) — Party to share subscription agreement
- November 28, 2024 (date) — Date of share subscription agreements
FAQ
What is the total number of shares being subscribed to and the aggregate subscription price?
The filing does not specify the number of shares or the aggregate subscription price for these agreements.
What is the purpose of these share subscription agreements?
The filing does not explicitly state the purpose of these share subscription agreements.
Are the subscribers related parties to Lixiang Education Holding Co., Ltd.?
The filing does not specify if the named individuals are related parties to the company.
When are these share subscription agreements expected to close?
The filing does not provide information on the expected closing date of these agreements.
Does this filing indicate any change in the control of Lixiang Education Holding Co., Ltd.?
While share subscriptions can lead to changes in ownership, this filing does not explicitly state a change in control.
Filing Stats: 395 words · 2 min read · ~1 pages · Grade level 11.9 · Accepted 2024-11-29 06:02:30
Key Financial Figures
- $0.0001 — A ordinary shares with a par value of US$0.0001 each of the Company, in the aggregate c
- $34,200,000 — ny, in the aggregate consideration of US$34,200,000. Additionally, the Company agreed to
Filing Documents
- ea0222634-6k_lixiang.htm (6-K) — 12KB
- ea022263401ex99-1_lixiang.htm (EX-99.1) — 203KB
- 0001213900-24-103726.txt ( ) — 216KB
From the Filing
OF FOREIGN PRIVATE ISSUER 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 November 2024 Commission File Number: 001-39559 Lixiang Education Holding Co., Ltd. (Exact name of registrant as specified in its charter) No. 818 Hua Yuan Street Liandu District, Lishui City, Zhejiang Province, 323000 People’s Republic of China (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 On November 28, 2024, Lixiang Education Holding Co., Ltd. (the “Company”) entered into a share subscription agreement with each of JONG TCHUN JIN, CHONG JUINN HUI, KON CHEE THONG, ONG SIN LEONG, MAH KEN TOH, VUN SIONG WEE, LAW KOK LEONG, RAYMOND WEE HIAN SEN, CHAI KUEH SIN, WONG SIONG YEE and SIAW TING LIANG (collectively, the “Purchase Agreements”), pursuant to which the Company agreed to issue and sell to such individual investors a total of 1,800,000,000 Class A ordinary shares with a par value of US$0.0001 each of the Company, in the aggregate consideration of US$34,200,000. Additionally, the Company agreed to file a registration statement with the SEC covering the resale of the American depositary shares (“ADSs”) representing the Class A ordinary shares that will be issued to such investors under the Purchase Agreements. After such registration statement is declared effective by the SEC and a final prospectus in connection therewith is filed and the other conditions set forth in the Purchase Agreements are satisfied, the Company will issue and sell the 1,800,000,000 Class A ordinary shares to be represented by ADSs to the investors. The foregoing descriptions of the Purchase Agreements are qualified in their entirety by reference to the full text of the Purchase Agreements, a copy of the form of the Purchase Agreement is attached as Exhibit 99.1 to this Form 6-K. 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. Lixiang Education Holding Co., Ltd. By: /s/ Biao Wei Biao Wei Director and Chief Executive Officer Date: November 29, 2024 2 EXHIBIT INDEX Exhibit No. Description Exhibit 99.1 Form of Share Subscription Agreement 3