Company: NUVI
Filing Date: 2025-03-04
Form Type: 1-SA
Source: 0001410708-25-000001
Chunk: 16

Company: Emo Capital Corp.
Filing Date: 2025-03-04
Form: 1-SA
Chunk 16
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 provided by Mr. Ren and Mr. Hoang, the company issued 60,000,000 common shares to Mr. Ren and Mr. Hoang at a rate of $0.001 per share, resulting in an aggregation cost of $300,000 at the market price of $0.005 per share on the day of shares being issued.

On December 8, 2023, Emo Captial, Corp. (the "Company") entered into a "Research & Development Joint Venture Agreement" for cannabis strain breeding with The American Green Cross, Inc., a California entity (referred to as "Green"). This agreement marks a significant strategic collaboration between the two entities for advancing research and development initiatives in the field of cannabis strain breeding. This collaboration aligns with Company's commitment to fostering innovation and expanding its presence within the cannabis industry. The agreement's duration extends initially for three years from the Commencement Date, with automatic annual renewals thereafter. As an extra compensation for Green's provision of space and relevant license, a total of 120,000,000 common shares will be issued and distributed to Green's controlling person in three installments over the next three years. The first installment 30,000,000 was issued, resulting an aggregated cost of $294,000 at a market price of $0.0098/share on the day of the agreement being signed.

On August 23, 2024, the company held its annual shareholders' meeting for the 2023-2024 fiscal year. During the meeting, the Board of Directors was elected, and new company officers were appointed. Mr. Xiaojun Ren stepped down as Secretary and Treasurer, while Mr. Junhua Guo resigned as CEO and CFO. Mr. Teck Heng Lim was elected President and Director of the company. Mrs. Yanqian Zhou and Mr. Danping Sheng were also elected as Directors. Following the election, Mr. Lim was appointed CEO, Mrs. Zhou as CFO, and Mr. Guo as both Secretary and CFO.

On November 26, 2024, the company announced the resignations of Mr. Teck Heng Lim from his positions as Board Director, President, and CEO, and Mrs. Yanqian Zhou from her roles as Board Director and Co-CFO. A shareholders' meeting was convened to reelect the Board of Directors and appoint new officers. Mr. Junhua Guo was elected President of the company, while Mr. Guo, Mr. Xiaojun Ren,