Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 692

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1B
Chunk 692
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 Internet Technology Limited) is considered to be a variable interest entity to Changsha Ezagoo
Technology Limited, and therefore a VIE of the issuer, Ezagoo Limited, a Nevada Company.

On
July 20, 2018, CETL entered into and consummated an agreement with BEID (formerly known as BESH) and RFLL whereas BEID (formerly
known as BESH) and RFLL have pledged their equity interests in Beijing Ezagoo Zhicheng Internet Technology Limited (formerly known as
Hunan Ezagoo Zhicheng Internet Technology Limited), to CETL. More information regarding this agreement can be found in exhibit 10.4,
titled, “Equity Pledge Agreement.”

On
July 20, 2018, CETL entered into a loan agreement with BEID (formerly known as BESH) and RFLL wherein CETL will loan the amount of approximately
CNY$100,000
(Chinese Yuan) to BESH and RFLL, all of which
shall be used for the benefit of Beijing Ezagoo Zhicheng Internet Technology Limited herein as “BEZL” (formerly known as
Hunan Ezagoo Zhicheng Internet Technology Limited). The total amount of the loan is due on, or before, December
31, 2018.

Beijing
Ezagoo Zhicheng Internet Technology Limited herein as “BEZL” (formerly known as Hunan Ezagoo Zhicheng Internet
Technology Limited) is the Company through which we operate, and which shares our business plan to provide video advertising on
buses & the Mobile APP.

On
July 31, 2018 Xin Yang was appointed Chief Financial Officer of the Company.

On January 18, 2021, RFLL, one of the Equity
owners of BEZL, had transferred their 20%
equity of BEZL, including the rights and duties of the five agreements mentioned above that CETL entered and consummated with BEID and them,
 were transferred to and inherited by, Hunan Wangcheng Xingyi Industrial Development
Co., Ltd. (herein as “WCXYID”, which the Company is 100%
owned by Mr. Tan, Xiaohao). Therefore, on January 18, 2021, CETL entered and consummated the Call Option Agreement Amendment No.1 (exhibit 10.1A)
with BEID and WCXYID, the Shareholder Voting Rights