SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
(Exact name of registrant as specified in its charter)
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| incorporation or organization | Identification No.) |
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Securities registered pursuant to Section 12(b) of the Act:
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| None | None | Not Applicable |
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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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.
Item 1.01 Entry into a Material Definitive Agreement
On November 28, 2022 the Registrant entered into an agreement to sell 9,000,000 shares of its common stock to Heilongjiang Chuangyi Agriculture Co., Ltd. for a price of 5,670,000 million RMB (@U.S.$775,616). On November 29, 2022 the Registrant entered into an agreement to sell 1,000,000 shares of its common stock to Sun Ying for a price of 630,000 million RMB (@U.S.$86,179).
On January 9, 2023, the Registrant and each of the investors entered into Share Issuance Supplementary Contracts, which provided that Heilongjiang Chuangyi Agriculture Co., Ltd. would complete the required payments by August 15, 2023 and Sun Ying would complete the required payments by April 15, 2023.
On October 24, 2023, the payments not having been made, the Registrant and each of the investors entered into additional supplementary agreements, which provide that the payments by each of the investors will be due on October 16, 2024.
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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.
| ORGANIC AGRICULTURAL COMPANY LIMITED | ||
| Dated: October 25, 2023 | By: | /s/ Xun Jianjun |
| Xun Jianjun | ||
| Chief Executive Officer | ||
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