# EDGAR Filing Document

**Accession Number:** 0000934796
**File Stem:** 0001214659-23-001634
**Filing Date:** 2023-2
**Character Count:** 4991
**Document Hash:** a006bcde6b6b854137eb124b149b4086
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-001634.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001214659-23-001634

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230201

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NETWORK CN INC
- **CENTRAL INDEX KEY:** 0000934796
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **IRS NUMBER:** 113177042
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-30264
- **FILM NUMBER:** 23588332

**BUSINESS ADDRESS:**
- **STREET 1:** UNIT 705B, 7TH FL, NEW EAST OCEAN CENTRE
- **STREET 2:** 9 SCIENCE MUSEUM ROAD, TST
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 852 9625 0097

**MAIL ADDRESS:**
- **STREET 1:** UNIT 705B, 7TH FL, NEW EAST OCEAN CENTRE
- **STREET 2:** 9 SCIENCE MUSEUM ROAD, TST
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEDA TRAVEL GROUP INC
- **DATE OF NAME CHANGE:** 20040420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACOLA CORP
- **DATE OF NAME CHANGE:** 20011026

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEGACHAIN COM LTD
- **DATE OF NAME CHANGE:** 19990827

?xml version="1.0" encoding="utf-8"?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

Date of Report (Date of Earliest event Reported): February 1, 2023, (February 6, 2023)

**<u>NETWORK CN INC.</u>**

(Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **000-30264** | **90-0370486** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

---

Unit 705B, 7th Floor, New East Ocean Centre, 9 Science Museum Road, TST, KLN, Hong Kong

(Address of Principal Executive Offices)

(Zip Code)

**852-9625 0097**

(Registrant's telephone number, including area code)

_____________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

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 (<u>see</u> General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: NONE

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which <br> registered |
| Common Stock, $0.001 par value | NWCN | OTC market |

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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 3.02 Unregistered Sales of Equity Securities.**

On February 1, 2023, Network CN Inc. ("the Company") agreed to issue 606,881 restricted shares of the Company's common stock to the employee, Chen Zhu. On October 1, 2022, NCN (Ningbo) Culture Media Co., Ltd ("NCN Ningbo"), a wholly foreign-owned enterprise in Ningbo, China of the Company entered into an employment contract with Chen Zhu ("the employee") under which the employee agreed to bring in the advertising rights in Ningbo to the Company and the Company will reward him for 606,881 shares of the Company's common stock. Pursuant to the terms of employment contract, if the employee can achieve the annual sales and profit before tax goal in 2023 and 2024, the Company will issue bonus shares of 303,441 and 303,441 restricted shares of the Company's common stock to the employee, respectively.

**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.

Dated: February 6, 2023

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| |
|:---|
| **NETWORK CN INC.** |
| By: /s/ Earnest Leung |
| Earnest Leung |
| Chief Executive Officer |

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